Res 2024-229 approving a Sales Contract with Hays County for the City’s purchase of the Five Mile Dam Park property in the vicinity of Old Stagecoach Road and Five Mile Park Road,

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4. Delivery of Title Conin2itinent, Survey, and Legible Copies. Seller must deliver the Title Commitment to Buyer and Buyer's attorney by the deadline stated in paragraph A.2.; the Survey by the deadline stated in paragraph A.3.; and legible copies of the instruments referenced in the Title Commitment, and Survey by the deadline stated in paragraph A.4. 5. Title Objections. Buyer has until the deadline stated in paragraph A.5. ("Title Objection Deadline")to review the Survey, Title Commitment, and legible copies of the title instruments referenced in them and notify Seller of Buyer's objections to any of them ("Title Objections"). Buyer will be deemed to have approved all matters reflected by the Survey and Title Commitment to which Buyer has made no Title Objection by the Title Objection Deadline. The matters that Buyer either approves or is deemed to have approved are "Permitted Exceptions."If Buyer notifies Seller of any Title Objections, Seller has five days from receipt of Buyer's notice to notify Buyer whether Seller agrees to cure the Title Objections before closing ("Cure Notice"). If Seller does not timely give its Cure Notice or timely gives its Cure Notice but does not agree to cure all the Title Objections before closing, Buyer may, within five days after the deadline for the giving of Seller's Cure Notice, notify Seller that either this contract is terminated or Buyer will proceed to close, subject to Seller's obligations to remove all liquidated liens, remove all exceptions that arise by,through, or under Seller after the Effective Date, and cure only the Title Objections that Seller has agreed to cure in the Cure Notice. At or before closing, Seller must remove all liquidated liens, remove all exceptions that arise by,through, or under Seller after the Effective Date of this contract, and cure the Title Objections that Seller has agreed to cure. G. Inspection Period 1. Review of Seller's Records. Seller will deliver to Buyer copies of Seller's records specified in Exhibit C, or otherwise make those records available for Buyer's review, by the deadline stated in paragraph A.6. 2. Entry onto the Property. Buyer may enter the Property before closing to inspect it at Buyer's cost, subject to the following: a. Buyer must deliver evidence to Seller that Buyer has liability insurance for its proposed inspection activities, with coverages and in amounts that are substantially the same as those maintained by Seller or with such lesser coverages and in such lesser amounts as are reasonably satisfactory to Seller. b. Buyer may not interfere in any material manner with existing operations or occupants of the Property. C. Buyer must notify Seller in advance of Buyer's plans to conduct tests so that Seller may be present during the tests. d. If the Property is physically altered because of Buyer's inspections, Buyer must return the Property to its preinspection condition promptly after the alteration occurs.