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i <br /> 5.2 Buyer's Closing Documents, On the Closing Date, Buyer will execute and/or deliver to Seller(as <br /> applicable) the following (collectively, `Buyer's Closing Documents") all in form and content reasonably <br /> satisfactory to Seller: <br /> 5.2.1 Purchase Price, The Purchase Price, by wire transfer of U.S. federal funds, or by certified <br /> check to be received in Title Company's trust account on or before 12:00 noon Central on the Closing Date, <br /> 5.2,2 Assignment and Assumption of Leases and Guaranties.An Assignment and Assumption of <br /> Leases and Guaranties,by which Buyer assumes all obligations of Seller under the Leases and Guaranties that accrue <br /> after the Closing Date, <br /> 5.2.3 Assignment and Assumption of Surviving Contracts,Permits and Licenses,Warranties,and <br /> Intangible Property,An Assignment and Assumption of Surviving Contracts,Permits and Licenses,Warranties,and ` <br /> Intangible Property by which Buyer assumes all obligations of Seller under the Surviving Contracts,Permits and <br /> Licenses,Warranties,and Intangible Property that accrue after the Closing Date. <br /> 5.2,4 IRS Form,A Designation Agreement designating the Title Company as the"reporting person" <br /> for purposes of completing Internal Revenue Form 1099 and,if applicable,Internal Revenue Form 8594. <br /> 5.2.5 Title Documents. Such affidavits of purchaser, certificates of real estate value, or other <br /> documents as may be reasonably required by Title Company in order to record the Deed and issue the Title Policy <br /> required by this Agreement. <br /> 5.2.6 Option Agreement. A signed Option Agreement in the form attached hereto as Exhibit I <br /> for Seller to purchase from Buyer the property located at 2501 Fait-view Avenue North,Roseville,Minnesota, <br /> 5.2.7 Management Agreement, A signed Management Agreement by and between the Buyer <br /> and Gaughan Enterprises Inc., a Minnesota corporation, d/b/a Gaughan Companies in connection with the <br /> management of the building and all Tenant coimmon areas for a period of one year, the terms of which shall be <br /> included in the Management Agreement,a form of which is attached hereto as Exhibit J. <br /> 5.2.8 Termination of Lease. A signed Termination of Lease Agreement concerning the <br /> existing lease between Seller,as lessor,and Buyer,as lessee,for the space occupied by Buyer on the Property. <br /> 6. Prorations.Seller and Buyer agree to the following prorations and allocation of costs regarding this <br /> Agreement: <br /> 6,1 Title Insurance and Closing Fee,Seller will pay all costs of the Title Commitment and the fees charged <br /> by the Title Company for any escrow approved by Seller regarding Buyer's Title Objections. Buyer will pay the <br /> premium for the Title Policy and any endorsements required by Buyer and any additional premiums required for <br /> the issuance of any mortgagee's title policy required by Buyer. Seller and Buyer will each pay one-half(%2) of <br /> any reasonable and customary closing fee,escrow fee, or charge imposed by the Title Company. <br /> 6,2 Deed Tax. Seller will pay all state deed tax regarding the Deed to be delivered by Seller under this <br /> Agreement, <br /> Buyer will pay all mortgage registry tax for any mortgages placed on the Property by Buyer, <br /> Page 11 of 38 <br />