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NOV-30-2007(FRI) 16:04 CENTURy 21 EXECUTIVE RERLITy (FFlX)9037847185 P.003/011 <br />7. PItORAT1U1J5: Thc- rents, tua4me and Gxpw«aw Fivm the PrvotLy shnll be pr4Ctued <br />b:tween Selier and Duyer as of Clasing• 4e11or slinll nay a!l pncrnl teal cstate WO-6 levied and nsseuecl <br />agalnst tlio Prapeny, end utl lnsWlmnncs at'sp4aiu! usstasmaum assasse4 -For or fltu'ibumble ta ihe yaars <br />prior to th~ aulendar Yeei of Closing. All $vch taties niid instullmants o!`spaoiul assossmonts ab+CCSad for <br />or 4ttribumbic ta the talendar year b'P Closing shall bt proratCd bctvvari Saller and 13uyer an the basts of <br />fuals oalander ytpr, Ay of Closflig. IF tho amaunc of any tiw% or special ascassmnnt oannot ba e3Gertallu:d at <br />Clesing, prorugion ahall be aomputed oe dia amWnt l•`ar the prccod(fig yees cax of a}yeciat usamant. <br />i3uyer shall assuinC aud pay all suoh caxrs and ttmmlGnenrs of spaciat aussessn,entL ccaIwiItg aftcr the <br />Closing, <br />T11'LE 1N5UR"CE: SrJlor slaall tkliver ta guyer tivtdtiia a rinanabla time Rftar d» <br />Closing art ownees T1L7n ciclo insveanec pallay (che "Ownec's POIiCy") insurins mEU'l.etable Pw 8nririlG <br />CidE ta BuyCr id thb ocnount of thC pUtehoSe price $g of the LifnB and dAte of recarQBtiop 4f SaIIaC's <br />Genarel wun-anty lleod, aubject only rxr the Pcrmimd F-xaoptibrls dotinod helotiv_ 7Na bwfleh Pol'tcy <br />sball not cqn[uin urry ra:aepdon Cor cntlchunto's Hcits op clitlms of Qiechanin's llens or far parues 1a <br />poasCSSion (ecctipt Cor Ulosc tanunts dlsclosed under paragrapt► 19 4nd -ans ppss b(e A d~ Int~r <br />PaUcy} and Suytr pai~ei~► obj4~cts to any sucl~ e~:e4Ptiona. Seilvr shall, as 9aon <br />tftan thlrry (30) day5 afcor th~ Effeccive Date of diis ContTsct, causo to Ix 11►eiiIshnd to Buyat' u aw'rtnt <br />CGCitTlllMitlllt LD 155uC fhG QvUl1e3e9 PpIICY (LI10 "Tlcle Comn,itment'% tssuzd dimugh a tit1e inswanc?p <br />compnny nccCptn6[c to Buyer and auchoeued to issue titlc iiisucanae in the srate in which tlid PropertY is <br />lonmd (tlte "Tit1C Coiripany"), togeEher wMth cortpletr IIhd legibla aopl~+s a~t'~ull ~'Gt~ ~n tl~ <br />iRsttuirientb. Ittclydillg pl4t9 alld 5ulvey5 (Lh4 E.tiCd~7tICpJ DOQLI111Ci1[5 ) Ct1~tIpg • <br />71clG C,u►rsaiicmont,' 8uyrr nliull ltiave until flfteow (la) daya efur receipt of rha Title CommScmant suid <br />8=ption Decumeats, and survey (dia "PLeviaw Pcriad") in wliidt tu liol'ilY 5cllo In wrltino of any <br />Ob1eCti0fls BUy4r lias ta any q1A'Cters shown ar reftmd tu in tI19'fltlt Cominiual4qt. Any matt=, wblch <br />arr sCt Fordi in thn rit►z Commitmant alld to whleh Buy~r does noC ot1J eat wirlilp tho bview Period, sltall <br />be dr,emr.d to ba ptrmltoed etiteptions to the atacUs aFSeUCt's tldr (tho "Pern'►itted Lxceptions"), Withtti <br />litr 3U duys aftcr rac4ipt of Buyees obje4tiocs, (she "Cum neriod") 5eltar aliell oIthar; (i) au►e all it) such rnactars obaected bo by Buyer snd aotify O►"i' In wcirin6 dtat lhC samn ha ~t ~1 suolt,mdit cs <br />provide >uch avidnnce as Is reasonably satLsfactoiy roBuyer and tlie Title Compnny <br />uc <br />will bc curcd at or bufore die Closing in ot-dot, that tlin'litle Compwiy miiY, as Q~~ ~lir GlQSiog, issue the <br />owuar's Policy sgeat only to the Aarmltted F%captlens; or (lil) notiFy Buyar in wcitin6 dyat Soltm. elects <br />nac co eure one or m*re of rha maimm obJaaccd to by BuYer. ln thc Wvenc 5ellor dots aol, Withlq the Cure <br />l3criod otwd $uyar's *lo eb)ookions and natify Buynr that tue some havQ beeit ourod or provida avidttrioz <br />ceasohtbly s4llefs4tory to Suyr,r and tha 'ritle Cainpnuy tltat Buyees title abJeetionc wlll be ournd aa or <br />befare die Closittg, chen Buycc sltnll hav0 tUe ,rigGt ro cermleato rttls Contraec hy giving SoUsr wriacn tie nodcd oFtermluation ut apy tiritc sftar acpimtlap of dto C~ p~rI,utfin 6pes~ Monay w tl ba rocu~,oa <br />9, <br />$Ilyb! KeY71it1at~CS ~1~$ ~qtl"dCt it1 AcCOfCIfl11C4 wtrlt thi9 p 6 Ph <br />tn Buyer end the paxties shull be relieved oF khrir rmptztive righrs Aq~,ubta ~fi f151 d xi g~fii5 <br />Ccmuaec Yn the aY41tt Bu yer t1nC5 hOt Wn'~inata thls Coutruct dU1'jqg . <br />fmox- L Ond uf IItQ ey„e r,erl~r1.13uy~r ghall l~ dcotnbl to bave rleated m waivd iW ti t[c o b seatlan~r npcl <br />ar~ept Cltla sub~ect to the MatC~o rofkcted In the 7"itl;~ Commitmant and nar outed by SaItar. lf Sellarfails <br />ta campletety ptrCerni, !n a timely mru►ner, all oPthG abliptiana and t4qulren'►ettts of SoUoti'set forth In <br />ft ternls and eond;tidns oE this parngmpb'B, 8uyar, uC Buyaes sole CpSion, ►t1u7 WAtiiWte this Cancmct <br />by glvih$ net(ce to Seller an provldl:d tietolu, fn WGieh dvant the F.ernedt Matey shall be immedieccly <br />roturned ro 13uyar and tbeFCafeer thib Cotttttu:b shall be null aad void aad ottite El►rilierfoma or afftG <br />~~~uyer luictnls <br />sallee Ittli►2.IS , tx.l,•~ ~ r <br />vrnnti~lrmc 'r►,•Yf~ lGp7 1F7.1TY <br />. 000065 <br />