Abstract of Title. Upon request, the District will furnish an Abstract of Title to the Buyer. The Buyer will have fifteen (15) days after receipt of the abstract to examine the title and to make any objections to title. The Buyer must make any objections in writing. Any objections not made in writing will be ineffective. If the Buyer makes any objections, the District will have thirty (30) days to make the title marketable. Pending correction of title, the payments required by this Agreement will be postponed. Within fifteen (15) days after written notice to the Buyer that the District has corrected the title, the parties shall perform this Agreement according to its terms. If the title is not marketable and is not made so within thirty (30) days from the date of written objections, this Agreement will be null and void at the option of the Buyer, and neither party will be liable for damages to the other. The District will refund all money paid by the Buyer.
Appears in 2 contracts
Sources: Purchase Agreement, Purchase Agreement