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condition of title disclosed by such reports or surveys and rendering the title unmacketable.In the <br /> event of such notice,the conveyance to Buyer shall be delayed pending Sellers efforts ta resotve <br /> the same.In event Seller is unable or unwilting to cure such defects within a reasonabte time after <br /> notice thereof,Buyer or Seller may elect ta cancel and terminate this agreement and the rights and <br /> obligations of the parties hereunder; and in such event,Seller shall refund to Buyer all sums paid <br /> hereunder ifBuyer shall so elect.Failure to notify Seller of any objectionable title defect as above <br /> said shall constitute a waiver thereof. Notwithstanding the foregoing, Seller makes no <br /> representations regarding the condition of title, and affers only to convey title "as is", without <br /> exceptions. <br /> 5. Closin�• The time and place of settlement ("closing") shall be fixed by mutual <br /> agreement of the parties not more than 6Q days after the effective date of this agreement. <br /> (A)Not later than the date of the closing,Buyer shall deliver to Seller or cause to <br /> be paid: <br /> (i)All documents as Seller`s counseI may reasonably require;and <br /> (ii)The fee for recording any release of any lien in favor of the City of <br /> Decatur,only;and � <br /> (iii)The fee for recording the quit claim deed conveying Seller's interest ' <br /> to Buyer and memariam of this contract for sale;and <br /> (iv)The amount of Illinois Revenue Stamps required for the transaction; � <br /> and <br /> (v)The purchase price for the Premises($650.00) <br /> (B)Not later than the date of closing, Seller shall deliver to buyer: <br /> (i) its executed quitclaim deed to the Premises in substantially the same <br /> form as Exhibit C attached hereto, conveying the premises in <br /> fee sicnple,subject to:2Q1$real estate taxes and assessments and <br /> subsequent years not yet due and payable;easements,agreements, <br /> restrictions and other matters of record,with no exceptions,and subject to <br /> the conditions set forth below. <br /> (ii)A sufficient release of any lien or liens in favor ofthe City of Decatur; <br /> and, <br /> (C)The deed shall require Buyer, its successors and assigns to: <br /> 5 <br />