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i0a:u0111V I <br />given Lessee material concessions regarding this transaction in exchange for Lessee <br />agreeing to the provisions of this Section. <br />69.11. Additional Release. The releases set forth in Section 69.10 above and this Section 69.11 <br />are full and complete releases of all the persons and entities described above of and from <br />any and all liability of any nature whatsoever for all damage, injury, loss, expense, <br />including any consequential expense, loss or damage, whether the same are now known <br />or unknown to the parties, expected or unexpected by said parties, and all rights under <br />Section 1542 of the California Civil Code are hereby waived and relinquished. Section <br />1542 of the Civil Code provides as follows: <br />"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS <br />THAT THE CREDITOR OR RELEASING PARTY DOES <br />NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER <br />FAVOR AT THE TIME OF EXECUTING THE RELEASE <br />AND THAT, IF KNOWN BY HIM OR HER WOULD HAVE <br />MATERIALLY AFFECTED HIS OR HER SETTLEMENT <br />WITH THE DEBTOR OR RELEASED PARTY." <br />Lessee's Initials <br />Notwithstanding anything to the contrary herein, the foregoing releases in Section <br />69.10 and this Section 69.11 are not intended to and do not cover (i) any claims <br />arising from a breach by Lessor of any Lessor's obligations under this Lease, or <br />(iii) any gross negligence, willful misconduct or fraud committed by Lessor. <br />69.12. Permissible Title Exceptions. Upon the Close of Purchase Option Escrow, Lessor shall <br />convey the Premises to Lessee by a grant deed (the "Grant Deed"). The Grant Deed shall <br />be subject only to the following (collectively, the "Permitted Exceptions"): <br />a) Current Matters of Record. Those matters of record identified in the Navigation <br />Center scope of services. <br />b) Lease. This Lease. <br />c) Future Non -Monetary Exceptions. All monetary and non -monetary <br />encumbrances placed against the Premises or which may appear of record after <br />the date hereof as the result of any action or inaction of Lessee (including any <br />monetary encumbrances appearing of record as a result of any action or inaction <br />by Lessee during the Purchase Option Term). <br />d) Taxes. Non -delinquent general, special and supplemental real property taxes and <br />assessments; provided however, all delinquent taxes and assessments relating to <br />the period following the Commencement Date of the Lease are the responsibility <br />of Lessee pursuant to this Lease and shall be paid by Lessee at Closing. <br />e) Printed Exceptions. Matters shown as printed exceptions in the standard form of <br />Owner's Policy of Title Insurance. <br />Title Insurance. Lessor shall cause to be delivered to Lessee upon the Close of Purchase <br />Option Escrow, an ALTA standard coverage owner's policy of title insurance on the <br />