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property subject only to the following exceptions: <br />(1) Covenants, conditions, restrictions <br />declarations and easements of record, if any; <br />(2) Reservations of minerals or mineral rights by <br />the State of Minnesota, if any; <br />(3) Building, zoning and subdivision laws and <br />regulations; and <br />(4) Any covenants or agreements entered into by <br />Buyer, its successors or assigns. <br />C. Date of Closing. Closing shall take place as soon <br />as possible. <br />3. Title. The parties shall furnish all abstracts of <br />title or registered property abstracts certified to date to include <br />property searches covering bankruptcies, and state and federal <br />judgments and liens. If the any party desires to purchase title <br />insurance, the premium for said title insurance shall be the <br />responsibility of that party. Each party shall be allowed ten (10) <br />days after receipt thereof for examination of said title and the <br />making of any objections thereto, said objections to be made in <br />writing or deemed to be waived. If any objections are so made <br />pursuant to this paragraph, the transferor shall be allowed one <br />hundred twenty (120) days to make such title marketable. Pending <br />correction of title, the closing shall not be postponed. <br />If said title is not marketable and is not made so within one <br />hundred twenty (120) days from the date of written objections <br />thereto as provided above, this party now in title shall undertake <br />such proceedings as is necessary to make such title marketable at <br />the expense of the other. This provision shall not deprive either <br />party of the right of enforcing the specific performance of this <br />