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DRAFT 6 425582v2 SJR MU210-213 12. MARKETABILITY OF TITLE; EXAMINATION OF TITLE. Upon execution of this Agreement, the Seller shall deliver to the Buyer the abstract for the Property, if available. The Buyer shall obtain a commitment for title insurance (“Commitment”) for the Subject Property. The Buyer shall have 15 days from the date of its receipt of the Commitment to review the state of title to the Property and to provide the Seller with a list of written objections to such title. Upon receipt of the Buyer’s list of written objections, the Seller shall proceed in good faith and with all due diligence to attempt to cure the objections made by the Buyer. In the event that the Seller has failed to cure objections within 30 days after its receipt of the Buyer’s list of such objections, the Buyer may (i) by the giving of written notice to the Seller terminate this Agreement and this Agreement shall be null and void and neither party shall have any liability hereunder, or (ii) waive such objection and proceed pursuant to this Agreement. The Buyer shall have the right, but not the obligation, to purchase title insurance at the Buyer’s sole cost. The Seller will take no actions nor permit any liens to encumber title to the Property between the date of this Agreement and the date on which the Property is delivered to the Buyer. 13. CLOSING COSTS AND RELATED ITEMS. Buyer will pay: (a) the closing fees charged by the title insurance or other closing agent, if any, utilized to close the transaction contemplated by this Agreement; (b) the premium for title insurance policy, if any, obtained by the Buyer, with the exception of a comprehensive endorsement which shall be paid by the Seller; and (c) recording fees required to enable the Buyer to record its deed from Seller under this Agreement. Seller will pay: (a) any transfer taxes required to record the deed from Seller under this Agreement; (b) all liens, encumbrances or mortgages, if any, and (c) any other recording fees that may be required to give Buyer good marketable title to the Property. 14. POSSESSION A. Possession. Seller shall transfer possession of the Property to the Buyer no later than date of closing. B. Removal of Property. Seller agrees to remove from the Property all debris and items of Seller's personal property not included in this sale no later than date of closing. Items not removed by that date will be disposed of by the Buyer, and the cost of disposal will be Seller’s expense. C. Utilities. Seller agrees to pay all charges for sewer, water, electric, gas, and cable television or any other applicable utilities until date of closing, if any. D. No encumbrances. Seller agrees not to place any liens or encumbrances on the Property after the date of this Purchase Agreement. 15. REMOVAL OF HAZARDOUS MATERIAL. Seller, prior to vacation of the Property, shall remove all substances which, under state or federal law, must be disposed of at an approved