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removed. Seller.shall continue to collect <br />receipts and maintain' washers and dryers <br />until removal. <br /> <br />Seller shall be permitted to maintain and <br />store legal files in the basement of the <br />premises at Seller's risk in a locked <br />room until notified by Buyer of the <br />scheduled date of demolition. All boxed <br />files and stored property to be removed at <br />Seller's e~pense five (5) days before <br />scheduled demolition. Failure to timely <br />remove the above property shall constitute <br />abandonment. <br /> <br /> 2.- PURCHASE <br /> <br />Property shall be FOUR <br /> <br />(475,000) DOLLARS. <br /> <br /> 3. ACCEPTANCE'OF PROPERTY. <br /> <br />PRICE. The purchase price for the <br /> <br />HUNDRED AND SEVENTY FIVE THOUSAND <br /> <br /> Seller warrants and <br />represents that the only material damage, defects, inoperable or <br />unsafe conditions.affecting the property known to Seller have <br />been disclosed to Buyer and are attached hereto as Exhibit "C". <br /> <br /> 4. a) DEED. Seller shall furnish a general <br />warranty deed conveying marketable title to the Property to <br />Buyer, subject at the time of title transfer to: (1) taxes and' <br />assessments which are a lien, but not yet due and payable, and <br /> <br />(2) such other encumbrances, reservations and exceptions, if <br />any, as are permitted in the title guarantee described below. <br /> <br /> b) TITLE GUARANTEE. Seller shall provide a <br />Title Guarantee (ALTA Form B) at the time of title transfer with <br />Schedule B general and printed exceptions .deleted issued by <br />Approved Statewide Title Agency, Incorporated, in the amount of <br />the purchase price guaranteeing marketable title in the BUyer <br />free and clear of all title defects~ encumbrances, reservations <br />and exceptions whatsoever, except: (1) zoning ordinances, if <br />any, (2) taxes and assessments which are a lien, but not yet due <br /> <br /> <br />