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do 4B 0 h on the Property or that improvements intended to be located on the property encroach on the land of others, the same shall be treated as a title defect, pursuant to Section 7 herein. Adverse matters disclosed by such Survey which in the reasonable judgment of the Purchaser impair the marketability of the Property, shall also be treated as title defects pursuant to Section 7 herein. I SECTION b. 1UU9iN5kRANC>s' Purchaser shall, at the sole cost and expense of the Purchaser and within 15 days of Purchaser's approval of this Agreement, order a marketable title insurance commitment, to be followed by an owner's marketable title insurance policy C (ALTA Form "B") from a title insurance company or agent selected by Purchaser, insuring marketable title to the Property in the amount of the Purchase Price. The Purchaser shall select a title insurer willing to issue the title insurance policy for a premium which shall not exceed the minimum rate promulgated by the Florida Insurance Commissioner, such premium to be paid by Purchaser. Nothing herein shall preclude the Purchaser from selecting its own counsel to act as an agent for the title insurer in conjunction with the issuance of the title insurance policy. Seller shall, prior to closing, take such actions required so that the title insurer agrees to delete the standard exceptions of such policy referring to: (a) all taxes (except for taxes for the year of closing and subsequent years which are not yet due and payable), (b) unrecorded rights or claims of parties in possession other than I pursuant to the Lease Agreement, (c) survey matters, (d) unrecorded easements or claims of y easements, and (e) unrecorded mechanics' liens. 'SECTION 7. DEEE Mi��If the title insurance commitment or Survey obtained or furnished pursuant to this Agreement discloses any defects in title which impair the marketability of the Property in Purchaser's reasonable judgment, Purchaser shall notify the Seller of such defects within 20 days of receipt of the title insurance commitment or survey. Failing the i giving of such notice, Purchaser shall be deemed to have waived such defects and same shall thereafter be deemed "Permitted Exceptions." yeller shall, within 90 days after notice from Purchaser, cure said defects in title. Seller agrees to use diligent effort to correct the defects in title within the time provided therefor, excluding the bringing of necessary suits. If Seller is unsuccessful { in curing or removing the title defects within said time Purchaser shall have the option to either: (a) accept the title as it then is with no reduction in the Purchase Price, (b) extend the amount of time ` that Seller has to cure the defects in title for a period mutually acceptable to Seller and Purchaser, or (c) terminate this Agreement, thereupon releasing Purchaser and Seller from all further obligations under this Agreement. If Seller fails to make a diligent effort to remove the title defects, Seller shall ` be in default and the provisions of Section 18 of this Agreement shall apply. SECTION S. Cogri IANcE wITH AMERICANS wiTll D SABIL.ITIES ACT, k Seller shall, at its sole cost and expense and as soon as practicable, order and obtain a site assessment from McGuire Associates (a professional consultant with expertise in examining improved properties for compliance with the Americans with Disabilities Act (the "ADA:')) to 1 r_ L L