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<br />11!';. <br /> <br />Commercial Contract -Improved Property concerning 908 and 912 West Hain Street, LaPorte <br /> <br />(2) Seller may, but is not obligated to, cure Buyer's timely objections within 20 days after Seller receives <br />the objections. The closing date will be extended as necessary to cure the objections. If Seller fails <br />to cure the objections by the time required, Buyer may terminate this contract by providin@ written <br />notice to Seller within 5 days after the time by which Setter must cure the objections. If Buyer <br />terminates, the earnest money, less any independent consideration under Paragraph 7B(3)(a), will <br />be refunded to Buyer. <br /> <br />(3) Buyer's failure to timely object or term,inate under this Paragraph 60 is a waiver of Buyer's right to <br />object except that Buyer will not waive the requirements in Schedule C of the commitment. <br /> <br />7. PROPERTY CONDITION: (Check A or B only.) <br /> <br /> <br />o erty in its present "as-is" condition. <br /> <br /> <br /> <br />o <br /> <br />at Seller's expense, will <br /> <br /> <br />lXlB. Feasibilitv: <br /> <br />(1) Delivery of Property Information: Within 30 days after the effective date, Seller will deliver to <br />Buyer the following items to the eXtent that the items are in Seller's possession or are readily <br />Clvailable to Seller. Any item not delivered is deemed n6t to be in Seller's possession or readily . <br />available to Seller. The items Seller will deliver are: <br />(a) ,a"current rent roll of all leases affecting the Property certified by Seller as true and correct; <br />(b) 'copies of all current leases pertaining to the Property, including any modifications, supplements, <br />:'Of amendments to the leases; , <br />(c) '3';current inventory of a1l personal property to be conveyed under this contract; <br />(d)"copies of all notes and deeds of trust against the Property that Buyer will assume or that Seller <br />'will not pay in full on or before closing; <br />(e) fcopies of all current service, maintenance, and management agreements relating to the <br />ownership and operation of the Property;' <br />(f) copies of current utility capacity letters from the Property's water and sewer service provider; <br />(g) copies of all current warranties and guaranties relating to all or part of the Property;. <br />(h) copies of fire, hazard, liability, and other insurance policies that currently relate ~o the Property; <br />(i) copies of all leasing or commission agreements that currently relate to all or part of the Property; <br />G) a copy of the "as.:.built" plans and specifications and plat of the Property; <br />(k) copies of all invoices for utilities and repairs incurred by Seller for the Property in the 24 months <br />immediately preceding the effective date; , <br />(I) a copy of Seller's income and expense statement for the Property from previous 2 calendar <br />years ; <br />(m) copies of all previous environmental assessments, studies, or analyses made on or relating to <br />the Property; <br />(n) real and personal property tax statements for the Property for the previous 2 calendar years; <br />and <br />(0) <br /> <br />Initialed for Identification by Buyer <br /> <br /> <br />f' <br />jJL--Cri- <br />,_ seuer~'--- <br /> <br />Page 4 of 14 <br /> <br />{T~-1801)2-6~2 <br /> <br />Produced with ZipForm"" by RE FormsNet, LLC 18025 Fifteen Mile Road, Clinton T oWl1ship, Michigan 48035, (800) 383-9805 <br />