Laserfiche WebLink
8. ESCROW PROCEDURE. All documents and funds and/or financial <br />commitments for funds necessary to complete this transaction shall be placed in escrow <br />with Surety Title Company in sufficient time to permit transfer of title on the date set <br />forth for closing. This Agreement shall be considered by the escrow agent as eserow <br />instructions, but shall be subject to the escrow agent's standard conditions of escrow <br />acceptance where not inconsistent herewith, and which conditions of escrow shall be <br />made a part hereof and incorporated herein by reference. <br />9. TITLE TRANSFER. Title will transfer to Buyer by the recording of the deed, <br />on November 3, 2005, unless the parties otherwise agree to a mutually satisfactory date <br />in writing. <br />10. TITLE GUA?RAMTY. Said evidence of Title Guaranty and/or Owner's Policy <br />of Title Insurance shall be in the amount of the purchase price of the property, and is to <br />be furnished with fifteen (15) days prior to closing for examination by Buyer. Seller shall <br />be given written notice within two (2) days after receipt of such report by Buyer of any <br />defect in title requiring correction, and shall undertake to make such corrections <br />immediately. Seller shall not be liable for any damages by reason of any defect in title <br />which cannot be corrected, but if such defect is not remedied prior to closing, either <br />party may terminate this contract on notice and any deposit shall be refunded to Buyer, <br />releasing both parties from further obligations and liability hereunder. <br />4