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EVIDENCE OF TITLE
20. Within Thirty (30) days from the date~ Lessee notifies Leasor in
~vriting of ita waiver of all contingencies in this I.~•ase with the exception of this Section 20.
Lessor shall deliver to the Lessee (at the office of the Lessee) a leasehold title insurance
policy of a title company acceptable to the Leasee in the amount of SEVENTY FIVE
THOUSAND and NO/100 (~75. 000. 00) covering the date hereof, or ita preliminary report on
title or title binder ahawing title in the Lessor. subject utily to matt~rs ta ~hich this Lsase
is subject.
If the report on title. title binder, or lea8ehold title insurance policy~ so
required, discloses any defects in title (other than such usual objections contained in
ownera policies and matters to which this Lease is aubject) Lessor shall. upon tendering
tbe same to Lesaee within thirty (30) days from the date hereof, have Sixty (60) days, from
the date which auch title report. binder or leasehold title inaurance policy bears~ to cure
such defects and to furnish such title report, binder. or title insurance policy showing
such defects cured or removed. If such defects in title are not so cured within Sixty (60)
days, Lessee may, at its option terminate this Lease. In the event this Lease is so
terminated all moneys. deposits and instruments shall be returned to the respective - i
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