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201008237 1 S.b Lessor shall be responsible at the closing for the payment of any real estate transfer tax in respect to any deed to be recorded at the closing. Lessee shall be responsible for the cost of filing the deed of transfer and cost of closing agent shall be equally divided between the parties. 15.8 Within ten (10) days after receipt of notice of exercise, Lessor shall furnish Lessee with an Owner's Title Insurance Commitment, showing marketable title in the real estate ta be vested in Lessor. Lessee shall then have ten (10) days within which to info�n Lessor, in writing, of any title defects Lessee claims are disclosed in the commitment. If any meritorious defects are claimed, Lessor shall have a ceasonable time within which to cure the defects, The parties hereto agree that the cost of the Owner's Title Insurance Policy in the amount of the purchase price shall be paid equally by Lessor azad Lessee; however, the cost of the Martgagee's endorsement or any other requirements imposed by Lessee's lender, including any surveying costs, loan origination fees and/or discount points, shall be paid entirely by Lessee. 15.9 Risk of loss to the leased premises shall be upon Lessar until the time of closing and thereafter shall be upon the Lessee. The parties shall continue in force until closing all insurance in force at the tirne the Lessee exercises its option to purchase the leased premises. In the event that prior to closing the building located upon the leased premises is burned or otherwise da�maged to such an extent that it cannot reasonably be repaired and placed in substantially the condition that it was in at the time Lessee exercised its option to purchase, then Lessee shall have the right prior to closing to cancel this Agreement. 15.11 Should the optian to purchase be exercised, Lessee acknowledges that it has personally inspected the leased premises and that no representations regarding the condition o F the premises or appurtenances, nor their fitness for any particular purpose, hav� been made by Lessor or any representative of Lessor and Lessee shall accept such premises "as is". 15.12 The right to exercise this option is conditioned upon the favorable perfortnance by Lessee of all the covenants, canditions and agreements required to be performed by it as Lessee under this lease, and the payrnent by Lessee of all basic rent, additional rent and other special payments as provided in this lease to the date of the completion of the purchase of the property by Lessee. 15.13 Upon the closing of the purchase of the leased premises by Lessee, Lessee's leasehold interest in this Lease with Purchase Option shall merge into Lessee's ownership interest of the leased premises and this Lease with Purchase Option shall be of no further force or eifect, ART�CLE XVI S ecial A reements 16.1 It is agreed that no change ox changes shall be made in this Lease with Furchase Option except by writing signed by the parties hereto, setting forth the terms of the agreed modification. 16.2 If any written notice is required to be given to any of the parties this notice shall be considered as sufficiently given if deposited in the United States Mail, postage prepaid to the parties as follows: 0