Reso 2001-363 - Laserfiche WebLink

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harmless from and against any claims, losses, liabilities or damages resulting from such inspections and from and against any mechanic's liens or claims of lien resulting therefrom. Such indemnification shall survive the Closing or earlier termination of this Agreement. c. Seller shall make available to Buyer no later than twenty (20) days following the Effective Date of this Agreement, copies of all documents (other than appraisals) which Seller may have in its possession pertaining to the Property including, but not limited to, building plans, architectural plans, building permits, impact fee assessments, notices of special assessments, notices of sewer fees and water fees, unrecorded restrictive covenants, variance application/approvals, special exception application! approvals, engineering plans, unrecorded developer agreements, environmental reports, surveys and prior title insurance policies, title commitments, and title exceptions pertaining thereto, if any. Buyer acknowledges that Seller has informed Buyer that Seller has few, if any, of such documents. d. Seller shall convey marketable title to the Property. Marketable Tide shall be determined according to the Title Standards adopted by authority of the Florida Bar and in accordance with law. Buyer shall have ten (10) days from the date of receiving the Title Commitment to examine same. If title is found to have defects which render tide unmarketable, Buyer shall notify Seller in writing within such ten-day period of any such title defects which are objectionable to Buyer (the "Title Objections"). Time is of the essence for Buyer to notify Seller of any Title Objections and Buyer's failure to include any such tide defect in such a timely notice shall constitute a waiver by Buyer of its right to object to such defect. The Buyer's notice of Tide Objections shall include a statement of how the defects should be cured. Seller shall have until the Closing Date to remove all Title Objections. If any Tide Objections are not removed on or prior to the Closing Date, Buyer shall have the option of either accepting title in its existing condition without any reduction of the Purchase Price, or of terminating this Agreement by delivering to Seller a written notice of termination at the Closing. Upon such a termination of this Agreement, neither Buyer nor Seller shall have further rights or obligations hereunder except for those that expressly survive termination of this Agreement except that the Escrow Funds shall be refunded to Buyer under these circumstances, provided that Buyer had timely exercised the Option in the manner required under this Agreement. Seller agrees that if title is found to be unmarketable, Seller will use diligent efforts to correct all Title Objections that are timely objected to by Buyer, within the time provided therefore, and subject to the limitations that Seller shall not be required to bring any action or proceeding or to incur any expenses in excess of five percent (5%) of the Purchase Price in the aggregate to cure any such Title Objections. e. Buyer may obtain at its expense a survey (the "Survey") of the Property showing all improvements thereon prepared by a land surveyor or engineer registered and licensed in the State of Florida. The Survey shall show the legal description of the Property to be the same described in Contract for Sale and Purchase. The Buyer may require any reasonable revisions to the legal description, but Seller shall not be required to convey any lands other than the legal description of the Property set forth in Standard Contract for Sale and Purchase. Any objections must be delivered to Golden Strand lnt'l Parking Lot Contract Second ,-\ddendum 9/13/014:29 Pl\1 2