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(d) Brokers. Pace Commercial LLC is representing the Purchaser in this transaction. Seller and Purchaser represent to each other that neither party has engaged the services of a real estate broker or agent other than Pace Commercial LLC. At closing, the Seller shall be responsible for a 5% commission based on the sales price to be paid to Face Commercial LLC. (e) Payment of Purchase Price. At Closing, Purchaser shall pay to Seller against delivery of the Deed the balance of the Purchase price in cash, by bank or Escrow Agent's fiduciary account check or wired funds in consideration for the purchase and conveyance of the Property. (f) Title. During the Inspection Period, Purchaser shall obtain a preliminary title commitment for the Property (along with legible copies of all documents creating exceptions thereunder), and Purchaser shall promptly examine the preliminary title commitment and documents relating thereto. Within the Inspection Period, Purchaser shall advise Seller in writing of any defects in title to which Purchaser objects; provided, however, that Purchaser shall have no obligation to object to effects relating to deeds of trust, mechanics' liens judgments or any other defect which may be cured by the application of money (collectively, "Lien Defects"). It is the intention of the parties that Lien Defects shall automatically qualify as objections to title, and Purchaser shall be entitled to apply all or any portion of the Purchase Price at Closing to cure Lien Defects. For any title defects to which Purchaser objects that are not Lien Defects, and for any title defects which are not Lien Defects and which arise after the date of Purchaser's title commitment, Seller shall cure such defects prior to Closing. If Seller intends not to cure all or any particular title defects to which Purchaser has objected, Seller shall notify Purchaser, in writing, of such intention prior to the end of the Inspection Period, and Purchaser may thereafter elect either to (i) waive its objection to such title defects and proceed to Closing with no reduction in the Purchase Price, or (ii) terminate this Agreement and receive a refund of the Escrow Deposit. If Seller has not cured by Closing any title defects to which Purchaser has objected, at its election Purchaser may either (i) postpone Closing until such title defects are cured; (ii) close this Agreement with appropriate adjustments to the Purchase Price to remedy such defects; or (iii) terminate Purchaser's obligations under this Agreement. Title Defect shall include restrictions, easements, encumbrances or conditions that prohibit or impair, in Purchaser's opinion, the intended use of the Property by Purchaser. 11. Warranties of Seller. Seller hereby represents and warrants to Purchaser that Seller has full power and authority to enter into this Agreement, and that Seller has not granted to any other party an option, right of first refusal, right of first offer, or any other right to acquire the Property or any interest therein. Breach of these representations and warranties shall at the election of Purchaser void this Agreement and entitle Purchaser to a return of the Escrow Deposit. 12. Environmental Representation and Indemnity. Seller represents and warrants to Purchaser that Seller has not disposed of hazardous substances as defined by local, state or federal laws and regulations on the Property nor, to the best of Seller's knowledge, has any other party previously disposed of such substances on the Property. Seller further represents to Purchaser that to the best of Seller's knowledge no industrial activities have occurred upon the Property, particularly including the storage, treatment or disposal of hazardous substances, and Seller has furnished to Purchaser any and all reports, analyses, studies and other documents obtained by or delivered to Seller which relate to the Property.