9080-19 18100 Detroit Purchase - Laserfiche WebLink

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EXPRESSLY STATED IN THIS CONTRACT. 15. EXHIBITS: Exhibit A: Legal Description and Site Plan. Exhibit B: Easement for Access and Maintenance Agreement. 16. Cross - Access Easement: The parties shall execute an Easement for Access, Parking and Maintenance Agreement substantially as set forth in Exhibit B attached. Purchaser shall be responsible for the removal of the existing parking island on Seller's parcel 311 -17 -012 and replace it with the reconfigured parking island shown on the Exhibit B site plan and Purchaser shall resurface with 2" mill with 2" asphalt overlay and new striping in designated areas on both the purchased parcel and the two parcels retained by Seller which resurfacing shall occur only after construction by Purchaser is substantially completed and Purchaser's use of the Temporary Construction Easement is substantially finished. 17. TITLE EXAMINATION AND OBJECTIONS. 17.1. Title Examination. Within thirty (30) days after the Execution Date, Seller shall obtain an owner's title insurance commitment with respect to the Property and provide it to Purchaser. Purchase, within 10 days of receipt of the title commitment shall give written notice to Seller of any Title Objections disclosed by such title insurance commitment which are unacceptable to Purchaser. If Purchaser fails to give any such notice with respect to any Title Objections which are disclosed in such title insurance commitment prior to the aforesaid date, then Purchaser shall be deemed to have waived such Title Objections. 17.2. Resolution of Title Objections. Within ten (10) days after receipt from Purchaser of a written notice of any Title Objection, Seller shall notify Purchaser in writing as to whether or not Seller will cure such objection, and if Seller elects to cure any such Title Objection Seller shall satisfy or correct, at Seller's expense, such title objection on or before the date of Closing. Except for already recorded use restrictions, Seller shall be obligated to cure any Purchaser's objection(s) if the cost of the cure is equal to or below Five thousand ($5,000.00) dollars. Failure of Seller to give such notice within such ten (10) day period shall be deemed to be an election not to cure such objection. In the event Seller does not elect to satisfy or cure any such objection of which it is notified, then within five (5) days after receipt of written notice of Seller's election, or within five (5) days after the expiration of Seller's ten (10) day notification period if Seller fails to give any such notice, Purchaser shall by written notice to Seller elect one of the following: 17.2.1. To waive such Title Objection and to close the subject transaction in accordance with the terms of this Agreement; provided, however, that with respect to any monetary lien or encumbrance of the type described in Paragraph 17.3 below, Purchaser shall be entitled to cure