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calculating each party's .prorata share of the real estate taxes for the year of <br />closing, the .parties agree that the amount of additional real estate taxes as a result <br />of loss of Green Acres classification. that may be. added to the current real estate <br />taxes due and payable in the year of closing shall be the lesser of (i) the actual <br />amount of 'increased real estate taxes or (ii) the sum of $15,000-00. Any <br />additional real estate takes due to the loss of Green Acres Classification in excess <br />of $15,000.00 shall. be Seller's responsibility, <br />(e) Recording Costs. Seller will pay the cost of recording all documents necessary to <br />establish marketable title in.Sellen Buyer will pay the cost of recording all other <br />documents including Seller's Warranty Deed. <br />(f) Rental Income -from Farm Uase..All rental income under the.Parm.Lease shall <br />be retained by Seller for the 2017 growing season. <br />7, TitleExamination, Title Examination will be conducted. as follows: <br />(a,) Seller's Title Evidence. Seller shall, furnish the following (collectively "Title <br />Evidence") to Buyer: <br />(1} Abstract of Title or Title Commitment, Seller shall, at its sole expense., <br />furbish. to Buyer within Twenty (20) days following the date hereof, a <br />commitment ("Title Commitment') from. the Title Company on an. ALTA . <br />Form B 1987-1990 Owner's. Policy of Insurance insuring,title to the <br />Property, deleting standard exceptions other than a survey and including <br />affirmative insurance regarding zoning, contiguity., appurtenant easements <br />and such other matters as may be reasonably identified by Buyer, in the <br />amount of the Purchase Price and subject only to matters waived. by Buyer <br />or permitted encumbrances as hereinafter defined ("Permitted <br />Encumbrances"). Title Company shall also .deliver to the. Buyer copies -of <br />all documents listed. on Schedule B-2 of the title comihitment. <br />(2) Su e... Buyer acknowledges that Seiler has furnished a photo copy of a <br />survey for the Property that includes the adjacent property also being <br />purchased by Buyer. The survey is dated November 13, 2015, and was <br />prepared f.br.LandmarkDevelopment of MN by Sathre-Berquist, Inc. with <br />offices in Wayzata, Minnesota (the "Survey"). A copy of the Survey is <br />attached as Exhibit "D." .1t.shall he Buyer's. obligation to:deterniine. if <br />the Title Company will issue survey coverage as part of the Title policy <br />based on the Survey in.the Title Company and Buyer's possession: If not, <br />Buyer; at.Buyer's cost, shall furnish Title Company such additional <br />documentation ora new ALTA Survey. Buyer agrees.to complete said. <br />survey within Farty-Five (4.5) days.of execution of this Agreement. If <br />Buyer fails to timely complete said survey,, Buyer shall lie deemed to have <br />waived any items subsequently disclosed on the new survey and shall <br />accept the Property subject to all of the items disclosed on the Survey and <br />the new survey obtained by Buyer. Buyer shall within Ten (10). days of <br />completion of a new survey furnish to Seller and the Title Company a <br />copy of the new survey,. The Survey reflects an encroachment by a fence: <br />on the northern line of the. Property and Buyer agrees to riot object to.said: <br />encroachment. <br />(3) Buyer understandsthat the Property is currently enrolled in Green Acres <br />and accordingly has. reduced real estate taxes under this program.. Buyer <br />