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Work"). The Commitment to perform the Site Work shall be deemed a representation and <br />warranty which shall survive the Closing of the Property. <br />D. Evidence that Purchaser has received grant approval for this transaction <br />from the Federal Transit Administration. <br />8. Title Insurance Policy. Seller shall deliver to Purchaser no later than thirty (30) <br />days after execution of this Agreement, a commitment issued by Meridian Title Corporation (the <br />"Title Company") for the issuance of a policy of title insurance written on an ALTA form <br />agreeing to insure marketable title in the Property in Purchaser or its assigns in the amount of the <br />purchase price subject only to the general exceptions in the title insurance policy and those items <br />listed in Paragraph 4(a) (i) of this Agreement ("Permitted Exceptions"). All title insurance <br />company premiums and charges shall be paid by Seller, with the exception of charges for any <br />extended coverage which shall be paid by Purchaser. In the event the commitment contains <br />exceptions other than the Permitted Exceptions, Seller shall have thirty (30) days after the date of <br />receipt of Purchaser's written notice identifying such exceptions to remove those exceptions or <br />obtain Purchaser's consent to them. In the event. such exception(s), (other than Permitted. <br />Exceptions), are not eliminated or Purchaser's consent to them obtained within thirty (30) days <br />after Seller's receipt of the commitment, then this Agreement may, at Purchaser's option, be <br />canceled by Purchaser's notice to Seller not later than five (5) days following the expiration of <br />the thirty (30) day period. <br />9. Prorations at Closing. The Property is presently exempt from real estate taxes and <br />personal property taxes and therefore no proration of taxes shall be made at the Closing. <br />10. Environmental Matters Pertaining to the Property. <br />A. Representations and Warranties. Seller represents and warrants to <br />Purchaser, such representations and warranties to be true and correct on the date hereof and as of <br />the Closing date, that: <br />El! <br />