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_ . . <br />Commerciai Contract - Unimproved Property Concerning <br />g, TITLE POLICY AND SURVEY: _ <br />q, Title Polic : <br />wiii furnish Buyer an Owner's Policy of Title Insurance (~{t~eiclompa'ny) <br />(1) Seiler, at Seller's expense, gtone Title com an <br />issued by dated at or after closing, insuring Buyer against loss under the title <br />in the amount of the sales prices be approved by Buyer in writing; and <br />policy, subject only to: this contract or as may olic unless this <br />(a) those title exceptions permitted by romulgated form of title p Y <br />(b) the standard printehe~ Se tions contained in the p <br />contract provides ot <br />n as to discrepancies, conflicts,mr roshortages ements:in area and boundary <br />(2) The standard printed exceptio overiapp►n9 lP <br />lines, or any encroachments or protrusions, or any~~'c Seller. <br />~(a) will not be amendod ead esh ~tages i hareas' at the expense of ❑ Buyer ❑ <br />p (p) will be amended <br />1 restrictive covenants on the Property within the time required under <br />(3) guyer may object to any <br />Paragraph 6C. <br />ive date, Seller will furnish Buyer a commitment for titie insurance except ) e ible copies of recorded documents d aocumentsl to Buy. <br />4 Withini4 days after the effect <br />~ (the commitment) including I 9 <br />to deliver the commitment and relate <br />authorizes the title company er' at Buyeres <br />, address. : <br />B. Surve : Within--- days after the effective date: of the survey to <br />h s expense and deliver a copy <br />o(l) guyer will obtain. a survey of the Property at Buyer' <br />st be made in accordance wit the Ten~itio ociety of Professional Surveyor , <br />Seller. The survey mu ro nate co <br />standards for a Category 1A survey under the app P <br />of the PropertY dated after the effective date. <br />er a survey of professional Surveyors <br />❑(2) Seller, at Seller's expense, will furnish BuY <br />The survey must be made in accordan~he ap~ p peat e Co difioniety <br />standards for a Category 1A survey under <br />of Seller's existing suryey <br />an a true and correct copy uired by the title <br />~(3) Seller will deliver to Buyer and the title i mP y a along w►th an affidavit req Seller, at <br />compa~Y for erty appdated Jan r is not acceptable to the title company, <br />vey and deliver the acceptable <br />of the Prop roval of the survey. If the sur o the title company <br />Seller's expense, will obtain a survey acceptable Withi tn 15 days after Seller receives notice that the <br />survey to the Buyer and the title companY an The closing date will be extended daily up to <br />existing survey is not acceptable to the title comp Y• Within the time required. <br />15 days if necessary for Seller to deliver an acceptable survey <br />C. gu er's Ob'ections to the Commitment and Surve ~ 1es of the documents evidencing thE <br />5 days after Buyer receives the commitment, cop <br />1 Wthin ired survey, BuYer may object in writing to matters disclosed in t E <br />title exceptions, and any requ than <br />thosE constitute a defect or encu obBu er willtassume at closing; o <br />items if: (a) the matters disclosed at closmg Y <br />ermitted by this contract or liens that Seller eil~saies in a special flood hazard area (an A or v <br />(b) the items show that any part of the Prop Y er is deemed to receive the Se fed ir <br />if Paragraph 66(1) aPPlies, BuY of t <br />t he deadline sp <br />zone as defined by FEMA). he earlier of: (i) the date of Buyer's actual receipt of the survey; or (ii) <br />Paragraph 66. <br />(.~,,p ~ page 3 of 1: <br />and SellerL°1-~ <br />Initialed for ldentification by BuYer~ - <br />(TAR-1 802) 10-18-05 Montgomery - ~ <br />produced with ZiPFomG bY ZipL°9iX 18070 Fifteen Mile Road, Fraser, Michigan 48026 w~+ z1p m <br />. 000052 <br />