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<br />use or similar act, statute, ordinance or regulation or as alleged or . <br />determined under common law. The term "Hazardous Substance" <br />includes asbestos and related substances, PCBs, and gasoline, <br />kerosene and all other liquid or viscous petroleum products. Seller <br />has complied and caused the Real Property to comply with all laws, <br />ordinances, rules, regulations, and authorities having jurisdiction <br />over Seller, the Real Property and the use by Seller of the Real <br />Property, relating to any Hazardous Substances or material. <br /> <br />8. Closinq. Subject to the conditions contained herein, the closing <br />shall take place on or before July 27, 2005. The Closing may take place on such <br />other date as is mutually agreed upon, or such other date as this transaction <br />actually closes as determined in accordance with the provisions of this <br />Agreement (the "Closing Date"). The closing shall take place at the offices of <br />Purchaser's Title Company or at such other place as is mutually agreeable. At <br />the closing, Seller shall deliver to Purchaser: <br /> <br />8.1 A Warranty Deed, properly executed on behalf of Seller. <br /> <br />8.2 A standard Seller's Affidavit with respect to judgments, bankruptcies, <br />tax liens, mechanics liens, parties in possession, unrecorded interests, . <br />encroachment or boundary line questions, and related matters, <br />properly executed on behalf of Seller. <br /> <br />8.3 An affidavit of Seller in form and content satisfactory to Purchaser <br />stating that Seller is not a "foreign person" within the meaning of <br />Section 1445 of the Internal Revenue Code. <br /> <br />Upon delivery of the foregoing items, Purchaser shall deliver to Seller the <br />portion of the Purchase Price payable at the closing. <br /> <br />9. Taxes, Assessments and utilitv Charqes. Seller shall pay all real <br />estate taxes payable prior to the year of closing. Real estate taxes due and <br />payable in the year of closing shall be prorated as of the date of closing on a <br />daily basis. Seller shall pay all special assessments levied or pending as of the <br />date of closing. All utility charges shall be prorated as of the date of closing. <br /> <br />10. Insurance. Seller hereby agrees that until the Date of Closing it will <br />keep the real Property insured against loss due to fire and other causes as are <br />covered by "extended coverage" insurance. Such insurance shall be issued by <br />an insurer authorized to issue insurance in the State of Minnesota and shall be in <br />an amount equal to the full insurable value of the Improvements, based on <br /> <br />. <br /> <br />4 <br />