Examination and Approval of Title. It is understood and agreed that COUNTY is not obligated by the terms of this Agreement to provide PURCHASER with any evidence of title. PURCHASER reserves the right to secure such evidence of title as is satisfactory to PURCHASER and, at the expense of PURCHASER, cause an examination of such evidence of title to be performed prior to closing. It is understood and agreed that should such evidence of title or its examination reveal defects or deficiencies in the title to the Property that would render title to the Property unmarketable or uninsurable by a responsible title company at regular rates, then in such event, PURCHASER shall notify COUNTY of such defects or deficiencies, and COUNTY shall have the option of curing same and closing of this transaction shall be postponed until such deficiencies or defects are cured, but in no event shall closing be postponed for more than sixty (60) calendar days without the written consent of PURCHASER. In the event COUNTY elects not to attempt to cure such title defects or deficiencies, then it shall notify PURCHASER of such election within ten (10) business days after receipt of notice of such defect or deficiencies. In such event, PURCHASER shall have the option of either accepting title as it and paying the Purchase Price therefor, or, in the alternative, PURCHASER shall have the option of declaring this Agreement canceled by written notice to COUNTY, in which case COUNTY shall return the Deposit to PUCHASER and each party shall be relieved of any further obligations hereunder.
Examination and Approval of Title. Buyer will have ten (10) business days after its receipt of the Title Report, and copies of all documents referred to therein to provide to Seller and the Title Company written notice of Buyer's objections to any matters disclosed by the Title Report. Buyer's failure to provide timely written notice of its objection to any such matter will be deemed to constitute Buyer's approval of such matters. Within ten (30) days after Seller's receipt of written notice of Buyer's objections, Seller will, at Seller's option: (i) obtain title agent's commitment to delete from the Title Report matters to which Buyer has reasonably objected or to insure over such matters by appropriate endorsement, (ii) otherwise agree to satisfy Buyer's objection in a specified manner reasonably satisfactory to Buyer, or (iii) decline to take any curative or remedial action with respect to the matter objected to by Buyer. Seller's failure to elect one of the options described in (i) or (ii) will constitute Seller's election of the option described in (iii).
