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contemplated to be acquired by Buyer hereunder' are <br /> collectively referred to in this Agreement as the <br /> "Property". <br /> <br /> 2. PURCHASE PRICE. The purchase price for <br /> the Property shall be SEVENTY SEVEN THOUSAND AND FIVE <br /> HUNDRED (77,500) DOLLARS. <br /> <br /> 3. ACCEPTANCE OF PROPERTY Seller warrants <br />and represents that the only material damage, defects, <br />inoperable or unsafe conditions affecting the property <br />~known to Seller have been disclosed to Buyer and are <br />attached hereto as Exhibit "C". <br /> <br /> 4. DEED. Seller shall furnish a general <br /> <br /> warranty deed conveying marketable title to the <br /> Property to Buyer, Subject at the time of title <br /> transfer to: (1) taxes and assessments which are a <br /> <br /> lien, but not yet due and payable, and (2) such other <br /> encumbrances, reservations and exceptions, if any, as <br /> will not affect the Buyer's availability of title <br /> <br />insurance at Buyer's cost. <br /> <br /> 5. CURE OF TITLE <br />RESERVATIONS AND EXCEPTIONS. <br />comply with the requirements <br /> <br />DEFECTS, ENCUMBRANCES, <br />If Seller is unable to <br />of paragraph 4 above, <br /> <br />then Seller shall have 30 days after receipt of notice <br />thereof to remove said defect(s) and to provide Buyer <br /> <br />with <br />said <br />may <br /> <br /> evidence thereof. If Seller is unable to remove <br /> <br /> defect(s) within such 30 day period, then Buyer <br />either: (1) accept title to the Property subject <br /> <br /> <br />