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4 (b) above, then Seller shall ~ have 30 days after <br />receipt of notice thereof.to remove said defect(s) and <br />to provide Buyer with evidence thereof. If Seller is <br />unable to remove ~said defect(s) within such 30 day <br />period, then Buyer may either: (1) accept title to the <br />Property Subject to saiddefect(s) without any reduction <br />in the total purchase price, or (2) terminate this <br />Agreement'by written notice to Seller. and thereupon· have <br />returned all items and funds theretofore paid or <br />depositedhereunder,"in~Which event Seller shall pay all <br />nonrefundable escrow, title and financing <br />theretofore incurred and Seller and Buyer <br />relieved of further liability hereunder. · <br /> <br /> 6. ESCROW PROCEDURE. All documents and funds <br /> <br /> necessary to complete this transaction shall be placed <br /> <br />"in escrow with Premier Title Agency, Incorporated at <br /> least five (5) days before closing. Closing shall be on <br /> a date mutually agreeable to the Buyer and <br /> This Agreement shall be considered as <br /> instructions subject to the Escrow Agent's <br /> <br />conditions of acceptance which <br /> <br /> costs <br />shall be <br /> <br />Seller. <br />escrow <br />standard <br />shall be made a part <br /> <br />hereof and incorporated herein by reference. In the <br />event of inconsistency between this agreement and <br />standard conditions of escrow this agreement shall <br />prevail. <br /> <br />If the title has not transferred on or before March ]7, ]992, Seller <br />can cancel this Purchase Agreement and declare it null and void. /\~ <br /> <br /> 4 <br /> <br /> <br />