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due and payable, and (2) such other <br />reservations and exceptions, if any, <br />material to the marketability of title. <br /> <br /> b) TITLE INSURANCE. Buyer may obtain an <br />owners policy Title Insurance at Buyer's sole expense, <br /> <br />at the time of title transfer. <br /> <br /> 5. CURE OF TITLE <br /> <br />RESERVATIONS AND EXCEPTIONS. <br /> <br />comply <br />above, <br />notice <br />Buyer <br /> <br />remove <br /> <br />Buyer <br /> <br />encumbrances, <br /> <br /> as are not <br /> <br /> DEFECTS, ENCUMBRANCES~ <br /> <br /> If Seller is unable to <br /> with the requirements of subparagraphs 4 (a) <br /> <br />then Seller shall have 30 days after receipt of <br />thereof to remove said defect(s) and to provide <br />with evidence thereof. If Seller is unable to <br />said defect(s) within such 30 day period, then <br />may either: (1) accept title to the Property <br /> <br />subject to said defect(s) without any reduction in the <br />total purchase price, or (2) terminate this Agreement <br />by written notice to Seller and thereupon have returned <br />all items and funds theretofore, paid or deposited <br />hereunder. <br /> <br />6. ESCROW <br /> <br />funds necessary to complete <br /> <br />placed in escrow with the <br /> <br />City of Lakewood within 30 <br /> <br />Agreement by Seller. This Agreement <br />considered as escrow instructions. <br /> <br />PROCEDURE. Ail documents and <br /> <br /> this transaction shall be <br /> Finance Department of the <br /> days of acceptance of this <br /> <br />shall be <br /> <br /> <br />