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7 <br />and remove such Title Objection and all of Purchaser's costs and expenses incurred in <br />connection with such cure shall be deducted from and credited against the Purchase Price; or <br />17.2.2. To cancel this Agreement and to receive a complete refund of all Earnest Money. <br />The failure of Purchaser to give notice of its election as to the foregoing alternatives within the <br />applicable five (5) day period shall be deemed an election to proceed with the Closing in <br />accordance with subparagraph 6.2.1 above. <br />17.3. Seller's Obligations Regarding Title Objections. Except as expressly agreed by <br />Seller pursuant to Paragraph 6.2 above or as provided in this Paragraph 17.3, Seller shall not be <br />required and is not obligated hereby to bring any action or proceedings, convey or acquire any <br />interest in real property, or incur any expense to render title to the Property free and clear of <br />any Title Objections. Notwithstanding anything to the contrary herein contained, Seller <br />covenants and agrees that at or prior to Closing Seller shall (i) pay in full and cause to be <br />canceled and discharged or otherwise bond and discharge as liens against the Property all <br />mechanics' and contractors' liens which encumber the Property as of the date thereof, (ii) pay <br />in full all past due ad valorem taxes and assessments of any kind constituting a lien against the <br />Property, and (iii) cause to be released any loan security documents which encumber the <br />Property or any other monetary lien or encumbrance caused or created by Seller against the <br />Property. <br />(The signature page follows.) <br />