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the Inspection Period of the suitability of the Property. If closing occurs, then the Deposit and any Extension Deposit shall be credited toward the Purchase Price. 12. CLOSING. The consummation of the purchase and sale of the Property pursuant to this Agreement (the "Closing ") shall be held within ninety (90) days after expiration of the Inspection Period or any Extension thereof. Purchaser may extend the Closing deadline by another ninety (90) days (the "Closing Extension ") by providing written notice to Seller, prior to the expiration of the original Closing deadline, of Purchaser's intention to extend the Closing Deadline, and by Purchaser concurrently providing Seller with an additional non - refundable earnest money deposit of $2,000.00 (the "Closing Extension Deposit "). Closing shall take place at the Seller's office, or such other location as the Seller and Purchaser may mutually agree in writing. 13. TITLE INSURANCE. As evidence of title, Seller shall obtain, at Seller's sole cost and expense, a commitment for Title Insurance issued by the Title Company for a policy of title insurance from an underwriter acceptable to Purchaser, insuring title subject only to those easements, conditions, reservations, leases, licenses, access agreements and restrictions as may appear of record, be apparent by an inspection of the Property, or of which the Purchaser has actual or constructive knowledge. The commitment shall be for an amount not less than the purchase price and shall bear a date later than the Effective Date. The commitment for title insurance shall be updated immediately prior to closing and shall show no exceptions, objectionable matters or defects, other than those permitted herein. All costs associated with the title policy in the form required shall be the sole responsibility of the Seller. 14. OBJECTIONS TO CONDITION OF TITLE. If objection to the title is made by the Purchaser, then Seller shall have 30 days after it is notified in writing of the particular defects claimed to employ its good faith efforts to procure a cure for the defects. In the event the Seller is unable through the exercise of its good faith efforts to procure a cure for the claimed defects to the Purchaser's satisfaction within 30 days after notice is given to Seller, then, at Purchaser's sole option, Purchaser may (i) take title to the Property despite the existence of objectionable matters, or (ii) terminate the Agreement, in which case, notwithstanding anything herein to the contrary, all sums deposited by Purchaser shall be immediately refunded to Purchaser and this Agreement shall be deemed null and void and of no further force and effect. 15. SELLER'S REPRESENTATIONS, WARRANTIES AND COVENANTS. Seller represents, warrants and covenants to Purchaser that: (a) Seller (i) has complete and full authority to execute this Agreement and will have at Closing, complete and full authority to convey to Purchaser Good and Marketable Fee Simple Title to the Property that is free and clear of all liens, encumbrances or other exceptions to title other than those exceptions permitted herein, (ii) will execute and deliver any documents, instruments, and agreements including, but not limited to, 0