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1. Title Commitment: A commitment for title insurance (the "Commitment") issued by a reputable title insurance
<br />company selected or approved by Buyer (the "Title Company") showing marketable title in Sellers name shall be
<br />ordered by (Seller) (Buyer) promptly upon acceptance of this Agreement and shall be delivered to Buyer within ten
<br />business days after acceptance of the Purchase Agreement. At Buyers request, legible copies of all recorded
<br />instnrments affecting the Property or recited as exceptions in the Commitment shall also be delivered.
<br />2. Survey: If desired by Buyer, a survey shall be ordered promptly upon acceptance of this Agreement and shall be
<br />furnished at Buyer's expense. It shall be prepared by a licensed Indiana surveyor selected or approved by Buyer, shall
<br />comply with Minimum Standard Detail Requirements for ALTA/AGSM Land Title Surveys, including optional
<br />requircnlents if requested, shall reflect whether the Property is located in a designated flood-zone area and shall be
<br />certified to Buyer, the Title Company and Buyers lender.
<br />3. Title and Survey Approval: If Buyer has an objection to items disclosed in the Commitment or the survey, Buyer
<br />shall make written objections to Seller within five 5 business days after receipt of both the Comnutment and survey.
<br />Upon the expiration of such period, any item not objected to by Buyer or subsequently approved by Buyer in writing
<br />shall be deemed a permitted exception ("Permitted Exception"). If Buyer makes objections, Seller shall have thirty
<br />(30) days from the date the objections are made to cure the same, and the Closing Date shall be extended, if
<br />necessary. Seller agrees to utilize its best efforts and reasonable diligence to cure any objections, but only to the
<br />extent necessary to convey marketable title. If the objections are not satisfied within the time period, Buyer may
<br />either terminate this Agreement and receive a refund of the Earnest Money or waive the tmsatisfied objections and
<br />close the transaction.
<br />4. Inspections: Unless Buyer waives inspections under paragraph (C), Buyer shall have deternuned that the Property
<br />has no unacceptable, adverse environmental or physical condition as provided below.
<br />(A) Environmental Assessment: If desired by Buyer, a Phase I environmental site assessment ("Phase 1") on the
<br />Property shall be ordered promptly upon acceptance of this Agreement at Buyer's expense from a reputable,
<br />qualified engineer, acceptable to Buyer. The Phase I shall be conducted in accordance with ASTM standards
<br />unless otherwise agreed and may also include at Buyers option the following matters:
<br />(1) an investigation for the presence of asbestos, radon, lead or polychlorinated biphenyl (PCBs) on the
<br />Property; andior
<br />(2) an investigation to determine if the Property is located in any regulated or protected area under the
<br />jurisdiction of the U.S. Anny Corps of Engineers, the U.S. Enviroimiental Protection Agency, the Indiana
<br />Ueparhllent of Environmental Management, the Indiana Department of Nahiral Resources, the U.S. Fish
<br />and Wildlife Service or any other federal, state or local agency.
<br />If Buyer does not make a written objection to any problem(s) revealed in the report within five 5 business days
<br />after receipt of the Phase I Audit, the Property shall be deemed to be acceptable. If Buyer determines that the
<br />environmental condition is unsatisfactory, Seller shall have a reasonable period of time, not to exceed tweet
<br />business days, to remediate the condition to Buyers satisfaction and the Closing Date shall be extended, if
<br />necessary. Seller fails or refuses to remediate, Buyer may either terminate this Agreement and receive a refund
<br />of the Earnest Money or waive its objection and close the transaction.
<br />(B) Physical Inspections: Promptly upon acceptance of this Agreement, all physical inspections shall be ordered
<br />Buyer's expense. inspections shall be made by qualified inspectors or contractors, selected or approved by
<br />Buyer, with written reports delivered to Seller and Buyer. Inspections may include but are not limited to the
<br />following: heating, cooling, electrical, plumbing, roof, walls, ceilings, floors, foundation, basement, crawl space,
<br />water, stone and waste sewer, welUseptic, geotechnical, other: any. If Buyer, in its reasonable discretion,
<br />believes that an inspection report reveals a major defect in or with the Property, Buyer shall report such defect
<br />in writing to Seller within five 5 business days after receipt of said report. If Buyer does not make a written
<br />objection to any problem(s) revealed in the report(s) within such time period, the Property shall be deemed
<br />acceptable to Buyer. Seller shall have a reasonable period of time, not to exceed twenty (20) business days, to
<br />repair any such major defect to Buyer's reasonable satisfaction and the Closing Date shall be extended, if
<br />necessary. If Seller fails or refuses to repair, Buyer may either terminate this Agreement and receive a refund of
<br />the Earnest Money or waive its objection and close the transaction.
<br />Buyer and its agents shall have the right to enter upon the Property upon reasonable advance notice and make all inspection
<br />provided for herein. Buyer shall restore any damage to the Property resulting from the entry of Buyer or its agents and shall
<br />indenmify, defend and hold harn>less Seller as to any injury to persons or damage to their property resulting from the
<br />negligence of Buyer or its agents in conducting their activities on the Property.
<br />5. Utilities and Condition. Seller shall cease the service of all utilities and services for the Property, including but not
<br />limited to, all gas, electricity, cable, telephone, water, sewer, pest conri-ol, home warranties or other services affecting
<br />the Property. Seller shall satisfy, prior to closing, all outstanding disputes and pay all bills regarding those services or
<br />utilities. Seller shall also winterize and secure the Property prior to closing.
<br />PROBATIONS AND SPECIAL ASSESSMENTS: All ordinary operating expenses of the Property due or accnied prior
<br />to the Closing Date, including but not limited to, public utility charges shall be borne by the Seller. Any special assessments
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