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2. ACCEPTANCE OF PROPERTY. Seller warrants and <br />represents that the only material damage, defects, inoperable or <br />unsafe conditions affecting the property known to Seller are as <br /> <br />follows: NONE. <br /> <br /> 3. a) DEED. Seller shall furnish a general warranty <br /> <br />deed conveying marketable title to the Property to Buyer, subject <br />at the time of title transfer to: (1) taxes and assessments <br />which are a lien, but not yet due and payable, and (2) such <br /> <br />other encumbrances, reservations and exceptions, if any, as are <br /> <br />permitted in the title guarantee described below. <br /> <br /> b) TITLE GUARANTEE. Seller shall provide Title <br />Guarantee at the time of title transfer with Schedule B general <br />and printed exceptions deleted issued by Chicago Title Insurance <br />Company, 1275 Ontario Street, Cleveland, Ohio 44113, in the <br />amount of the purchase price insuring marketable title in the <br />Buyer free and clear of all title defects, encumbrances, <br />reservations and exceptions whatsoever, except: (1) zoning <br />ordinances, if any, (2) taxes and assessments which are a lien, <br />but not yet due and payable, (3) such restrictions, conditions, <br />easements (however created) and encroachments as do not <br />materially adversely affect the use or value of the Property. <br /> <br /> 4. CURE OF TITLE DEFECTS, ENCUMBRANCES, RESERVATIONS <br /> <br />AND EXCEPTIONS. If Seller is unable to comply with the <br />requirements of subparagraphs 3(a) and 3(b) above, then Seller <br />shall have 30 days after receipt of notice thereof to remove said <br />defectls) and to provide Buyer with evidence thereof. If Seller <br />is unable to remove said defect(s) within such 30 day period, <br />then Buyer may either: (1) accept title to the Property subject <br /> <br /> <br />