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Sellers shall have 30 days after receipt of notice thereof to <br />remove said defect(s) and to provide Buyer with evidence <br />thereof. If Sellers are unable to remove said defect(s) within <br />such 30 day period, then Buyer may either: (1) accept title to <br />the Property subject to said defect(s) without any reduction in <br />the total purchase price, or (2) terminate this Agreement by <br />written notice to Sellers and thereupon have returned all items <br />and funds theretofore paid or'deposited hereunder, in which <br />event Sellers shall pay all nonrefundable escrow, title and <br />financing costs theretofore incurred and Sellers and Buyer shall <br />be relieved of further liability hereunder. <br /> 5. ESCROW PROCEDURE. All documents and funds <br /> necessary to complete this transaction shall be placed in escrow <br /> with Chicago Title Insurance Company within 60 days of approval <br /> of this Agreement by Council. This Agreement shall be <br /> considered by the Escrow Agent as escrow instructions, but shall <br /> be subject to the Escrow Agent's standard conditions of escrow <br /> acceptance where not inconsistent herewith, and which conditions <br /> of escrow shall be made a part hereof and incorporated herein by <br /> <br />reference. <br /> <br /> 6. <br /> <br />Purchaser by the recording of the deed <br />changed by agreement of Buyer and Sellers. <br /> <br />TITLE TRANSFER, OCCUPANCy AND POSSESSION. <br /> <br />A. Title Transfer. Title shall transfer <br /> unless such <br /> <br /> B. Occupancy and <br />deliver occupancy and possession <br />transfer of title. <br /> <br /> 7. SALES COMMISSIONS. <br /> <br />Possession. Sellers <br /> <br /> to <br />date is <br /> <br /> shall <br />of the Property to Buyer upon <br /> <br />for any and all sales commissions due any individual or business <br />entity as a consequence of this transaction. Sellers agree, <br /> <br />Sellers shall be responsible <br /> <br /> <br />