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81 -- ()G3780 insuring goad and marketable title to the Buyer's interest in the Property, $ree and clear of all liens, charges, claims, actions, encumbrances, and title exceptions of any kind whatsoever except standard printed exceptions contained in such title insurance policy, except such encumbrances or defects as are permitted pursuant to Paragraph 4 of this agreement, and except the existing lease dated June 8, 1971, to Richman Gordman Stores, Inc. (which has been assigned by Richman Gordman Stores, Ine, to Buyer) all of the Lessor's obligations under which lease shall be assumed by Buyer. Seller shall request such title insurance compa>?,~r to deliver a copy of such commitment to Buyer as soon as it has been prepared. If such title insurance commitment discloses defects in title not expressly consented to herein, then Seller shall remedy sucY. defects in title as are susceptible of being remedied. If Seller does not so remedy such defects in title by December 31, 1981, then Buyer shall have the option of (a) completing the purchase and accepting such title to the Property as Seller is able to convey without reduction of the purchase price, unless such defects are encum- brances or liens for an ascertainable amount, in which case that amount may be deducted from the purchase price, or (b) declaring this agreement null and void, in which latter event both buyer and Seller shall be released from any and all obligation: and liabilities to each other under this agreement. Seller shall cause such title insurance company to update its commitment on and as of the Closing date and to issue a final title in::ur- ance policy in favor of Buyer promptly after the Closing and shall pay the entire premium for such title insurance policy. 4. At one Closing, Seller agrees to execute and deliver to Buyer a good and sufficient personal representative's deed to the Property, in recordable form satisfactory to Buyer, conveying to Buyer good and marketable title to the Property, free and clear of all liens, charges, claims, actions, encumbrances and title exceptions of any kind whatsoever except as set forth in Exhibit "B" attached hereto and by this reference incorporated herein. At the Closing, Seller shall deposit such personal representative`s deed in escrow with Nebraska Title Insurance Company of Lincoln, iebraska, as escrow agent, to be held by such escrow agent until Buyer has paid in full the purchase price set forth in Paragraph 2. Ups>n Buyer's payment in full of such purchase price, Seller hereby directs and authorizes such escrow agent to deliver such deed to Buyer. Seller agrees, upon Buyer's payment in full of such purchase price, to certify to such escrow agent that such purchase price has been fully paid. In the event that Seller fails or refuses to provide such certification, then Buyer shall have the right to display to such escrow agent cancelled checks repre- senting in the aggregate the full amount of the purchase price set forth in Paragraph 2, whereupon the escrow agent hereby is authorized by Seller to deliver such deed to Buyer. In the event that Buyer fails to make any payment due under this agreement within sixty (60) days after the due date therefor, such escrow agent shall return such warranty deed to Seller upon demand by Seller. 5. Buyer shall continue to pay the basic rent for the Pro- perty pursuant to Article IV of such Lease dated June 8, 1971, through August 31, 1981; and thereafter no further rent shall be payable under such Article IV. Until the purchase price set forth in Paragraph 2 has been paid in full, Buyer shall continue to abide by all of the terms and previsions of such Lease dated -2-