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with title insurance acceptable to Buyer as set forth herein <br />have been issued on Buyer's behalf. <br /> <br /> 2. ACCEPTANCE OF PROPERTY. Sellers warrant and <br />represent that the only material damage, defect, inoperable or <br />unsafe condition affecting the property known to Sellers are <br />likewise known to Buyer as a result of Buyer's inspection of the <br />property. Buyer accepts the property in its present condition. <br /> <br /> 3. TITLE MATTERS. <br /> <br /> a) DEED. Sellers shall furnish a general warranty <br /> deed conveying marketable title to the Property to Buyer to be <br /> deposited in escrow with the escrow agent at or prior to the <br /> Closing Date, subject at the time of transfer of title only to <br /> the following: (1) taxes and assessments which are a lien, but <br /> not yet due and payable, and (2) such other encumbrances, <br /> reservations and exceptions, if 'any, as are permitted in the <br /> title guarantee described below and acceptable to Buyer. <br /> <br /> b) TITLE INSURANCE. Sellers shall provide an <br /> owners policy Title Insurance (ALTA Form B) at the time of title <br /> transfer with Schedule B general and printed exceptions deleted <br /> issued by Chicago Title Insurance Company, in the amount of the <br /> purchase price insuring marketable title in the Buyer free and <br /> clear of all title defects, encumbrances, reservations and <br /> exceptions whatsoever, except: (1) zoning ordinances, if any, <br /> (2) taxes and assessments which are a lien, 'but not yet due and <br /> payable, (3) such restrictions, conditions, easements (however <br /> created) and encroachments as do not materially adversely affect <br /> the use or value of the Property. <br /> <br /> 4. CURE <br />AND EXCEPTIONS. <br />requirements of <br /> <br /> OF TITLE DEFECTS, ENCUMBRANCES, RESERVATIONS <br />If Sellers are unable to comply with the <br />subparagraphs 3 (a) and 3 (b) above, then <br /> <br /> <br />