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DigiSign Verified: 8E3E7A25-30D4-4854-B8B3-D6A8A916EB6B Attachment 3 a result of a condemnation at the Property, and (5) as a result of Seller's breach of this Agreement. (c) Payment of Purchase Price. At the time of the Closing, Buyer will pay to Seller, by wire transfer of funds, the Purchase Price as adjusted for prorations and adjustments as set forth in this Agreement. At the Closing, the Deposit shall be credited to Buyer's obligations to pay the Purchase Price hereunder. (d) Local Government Contribution Conditions. Seller understands that the Property only meets the State's funding goal if it obtains a contribution from a local government. The following shall only take place if the Buyer is successful at obtaining a $340,000 Local Government Contribution from Indian River County or the City of Vero Beach: (i) If Buyer terminates this Agreement before the expiration of the Investigation Period, Buyer shall direct Escrow Agent to release Ten Thousand and no/00 Dollars ($10,000) to Seller ("Feasibility Fee"). (ii) Fifteen (15) days after expiration of the Investigation Period, and assuming Buyer has not otherwise terminated this Agreement, Buyer shall direct Escrow Agent to release all Deposits earned to date to Seller. (iii) Assuming Buyer has not otherwise terminated this Agreement, five days after application submission, Buyer will provide Seller with a copy of the 9% tax credit application submitted to Florida Housing Finance Corporation. The application will have a submission stamp showing the date of submission and assigned application number. 3. Title and Title Insurance and Survey. (a) Tit e. Five (5) business days after the Effective Date, Seller shall provide Buyer with its owner's title policy received by Seller at the time of Seller's acquisition of the Property, if any, insuring Seller's title to the Property. Buyer may obtain a commitment (the "Title Commitment") for an owner's title insurance policy, together with legible copies of all documents referenced therein, issued by a title insurance company acceptable to Buyer ("Title Company"). The Title Commitment shall have a date subsequent to the Effective Date and shall show that title to the Property is good and marketable and insurable subject to no liens, encumbrances, exceptions or qualifications which would preclude Buyer, in its sole discretion, from constructing and developing the Contemplated Improvements (as defined herein). Buyer shall have fifteen (15) business days from receipt of the Title Commitment and the Survey (as defined herein) in which to examine the condition of title. If Buyer fails to provide Seller with written notice of specific defects that make title to the Property other than as required by this Section 3 within such fifteen (15) business day period, then, for all purposes of this Agreement, Buyer shall be deemed to have accepted title in the condition described in the Title Commitment. Any title exceptions which are not objected to within such fifteen (15) business day period shall be deemed to be acceptable in all respects to Buyer. If Buyer timely notifies Seller that title does not satisfy the requirements of this Section 3, then Seller agrees to use reasonable diligence to make title good, marketable and insur- able, for which purpose Seller shall have a reasonable time in which to do so but in no event more a 138 0