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03/15/2005 09:56 2094671"9 AGE STOCKTON PAGE 84/12 <br /> be secured t?y a first need of Trust on the property. <br /> ,Escrow has been openad, l-To. 314142, with <br /> Fidelity Naticmal Title Convany at 771 S. Itam L=Q, Lodi, <br /> California, 4!;242 . igacrow ahsall close on or before thirty <br /> MY 0 Y days fr.an► the full execution of tkais Agreement. <br /> 5. conli.tion of Title. At the close of AaCrow, title <br /> to the property shall be cotavayed to Buyer by Sellero free <br /> and clear of all liens, covenants, restrictions, eaaemerLtz, <br /> agreements, ii.ans, and other encumbrances, except for <br /> current general and special taxes for the fiscal year of <br /> the trangfez• c,f title which are then a lien but not <br /> delinquent, .u►d those exceptions not disapproved by Buyer <br /> as provided 'flolow and listad in a preliminary title report <br /> to be £urns-a:uad by Sellers to Huger. Within ten (10) days <br /> of the full !�a;ecut,ioaa of this Agreement, Sellers shall <br /> cause to be 3calivvr"ad to Buyer a preliminary title report <br /> oxx the property to be issued by Fidelity National Title <br /> company. eufor shall have fifteen (15) bus.itxeas days from <br /> the receipt iii the preliminary title reports to approve or <br /> disapprove anyr except=ions listed in tho preliminary title <br /> report. Such approval shell not be unreasonably withheld <br /> d <br /> and shall be deemed given if written disapproval citing the <br /> specific reascma for the disapproval is not received lay <br /> Seller with:i.�n tern. (10) business days atter delivery of the <br /> pxelia►inary- t:.Lla report to Buyer. Sellers shall kaa►ve <br /> until the cla:te of e8crow tO eliziumte those except ions of <br /> which BuyQr reasonably disapprov'ee in accordance with the <br /> terai►a hereof, Xa the event sellers are unable or unwilling <br /> to remove azwy exceptions disapproved by Buyer, Buyer shall <br /> have the right. to either waive his dievpproval or to <br /> terminate thir, Agreement and have any moneys deposited ire <br /> escrow by it ireturned to it. <br /> G. Bvi.den a of 'title. nvyrer' s title to the property <br /> shall be evf'ayn ced and insured by a California sand Title <br /> ,A,msoai.a.ti.on {(:LTA) policy of title insurance issued by <br /> Fidelity National Title Company The cost and expense of <br /> the title policy nhall be paid equally by Buyer and <br /> Sellers, one-]sal£ each. Buyer shall have the option of <br /> obtaining an junerioaln Land Title Agnociation (ALTA) <br /> extended cove:rage title iueurance policy, in which event, <br /> the premium wul any additional cost for such ALTA, extended <br /> coverage shall be, paid by Buyer. <br /> 7. Aua 7]a ce, For a period of tweinty-orae (21) <br /> -2- <br /> z0 'd PEOC ECE SH i ON KVd MIEN NVAI`InS N311M Wd 91:60 NOW 500 -VI-M <br />