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<br />null and void at option of Seller, and neither party shall be liable for damages herelDlder to <br />the other. In such event, Buyer and Seller agree to sign a Cancellation of Land Sale and <br />Purchase Agreement. and Buyer shall be refunded its down payment plus interest accrued. <br /> <br />I.-----~;pr:~i,~:~=~~~~~~~~~~~~--- <br /> <br />service, which shall be deducted from Seller's proceeds at Closing. '.:\ <br />\'\ <br />6.05 Closing shall be held at the office of said Title Company. or such other location mutually \: <br />agreed upon by Seller and Buyer. <br /> <br />Deleted: , <br />6.04. Closing sbaIl be held at Centmrille <br />City Hall, 1880 Main St., CenteIviIl", <br />Mimmata SS038, or 1lUllh!llher Ioaatian <br />that SeRer 8Dd Buyer mutua1ly 8JP1lll <br />upon. <br />.. Deleted:, <br />Deleted: os <br /> <br />SECI'ION 7 -POSSESSION <br /> <br />7.01 Possession of the Property shall be given to Buyer on the date of Closing. <br /> <br />7.02 Access to PrQperty prior to Closing. Prior to Closing, Seller shall afford Buyer or Buyer's <br />designees reasonable access to the Property dming reasonable hours of the day for the <br />purpose of examining the Property, conducting soil tests and engineering feasibility studies, <br />environmental audits and investigations and planning the proposed development of the <br />Property, provided such activities do not interfim: with the activities of Seller on the Property. <br /> <br />SECI'ION 8 - PROPERTY DEED AND OrnER DOCUMENTS <br /> <br />Subject to performance of Buyer, Seller agrees to execute and deliver the following at Closing: <br /> <br />a. Pronertv Deed. A quitclaim deed in a form reasonably satisfactory to Buyer, which <br />shall quit aU interests Seller has in the Property in favor of Buyer. <br /> <br />b. CRV. A Certificate of Real Estate Value in the form requirud by Minn. Stat. 0272.115. <br /> <br />c. Well Certification. A well cer1ification to the extent required by Minnesota law. <br /> <br />d. Other Documents. All other documents reasonably required of Seller by this <br />Agreement to transfer the Property to Buyer in accordance with this Agreement <br /> <br />e. Easements. Any and all easements and other rights specified in this Agreement shall be <br />conveyed, transferred and assigned to Buyer by appropriate recordable documents and <br />Seller shall execute and deliver with the Property Deed such other documents as may <br />be reasonably required by any governmental entity or by the Title Insurance Company <br />as a condition to the issuance of its policy o{title insurance in accordance with Section <br />9 herein. <br /> <br />f. <br /> <br />Government transfer taxed and fees. All local, municipal, COlDlty, state and federal <br />transfer and conveyance taxes shall be paid by Seller at Closing. Buyer shall pay all <br />reoording fees incurred at Closing, ineluding, without limitation mortgage recording <br />fees and mortgage registration tax. <br /> <br />Deleted: V:\BagineeriDg\BTSCBIDA\L <br />i AND\0mIm'vilIe Res\Pmobase <br />~amlSaleof'_ <br />IlIU2-2Q.OS.doD <br />Iaserted: V:\~\BTSCHIDA\ <br />. LAND\amtmville Res\Pmobase <br />Agnmmmt\PuIab8I amlSale of'_ <br />lat 12-2Q.OS.doD <br />_ Del....: c:\CenteriIIe PA.doD <br /> <br />. <br />. <br />. <br />, <br />. <br />, <br />. <br />. <br />. <br />. <br />. . <br />. - <br />. . <br />. . <br />. . <br />, . <br />" <br />'. <br />'. <br />.. <br />'. <br />f/ / <br />II l <br />if ~,' <br />g- <br />.- <br /> <br />8..... .___......... ___...... 00"_" __........___...._ .._____________j,' <br />H:\Prooertv Purcbase-Di8lXlSlll\Pmk PnmertvIPurahas IlIld Sale of vacant lot 12-20-0Sv2.dac 3 <br /> <br />SECI'ION 9- TITLE EVIDENCE AND TITLE EXAMINATION <br /> <br />~1 <br />