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June 30, 2009, unless a ditferent date is mutually agreed to by bath parties {"Closing <br />Date"). At the C�osing, Buyer shali pay the Purchase Price to Seller and �he following <br />closing documents shall be executed and delivered. <br />a. Seller sha�I deliver a warranty deed conve}Ting the �roperty to Buyer, free <br />and clear of all encumbrances, except the followzng "Permitted <br />Encumbrraz�ces": <br />{ 1} Property taxes and special assessments to be paid in accordance with <br />this Agreement; and <br />(2} Right-of-way easements of record i:n fa�or of`Ramsey County at�d <br />the State of Mir�nesota; and <br />(3) Building codes and �aws and ardinances relating to zoning and land <br />use. <br />b. Executed Easements, as depicted in Exhibits B and C. <br />c. Partial Release of Re�tr�ctive Covenant from Anchor Bank Saint Paul, N.A. <br />d A title insurance policy, or a suitab�y marked-up commitment for title <br />insuran.ce initialed by the Title Insurer, zn the #'orm required by this <br />Ag�reement. <br />e. A Corporati�n A��davxt by Seller an MilIer-Davis Fa�rn 1 I7-M indicaiing <br />no adverse matters. - <br />� A closing statement detailing the f nancral terms of the closing. <br />g. All oiher documents necessary to transfer the Property to Buyer free and <br />clear o� all encumbrances except the Peranitted Encumbrances. <br />S. Costs and Proxations. �eller and Buyer agree to the �ollowing prorations and <br />allocations of costs: <br />a. Title Insuxance and Clasing Fee. Buyer will pay all cos�s of issuing the <br />ti�le insurance commitmeni. Buyer will pay all tztle insurance premiums <br />and surcharges required for thc issuance of any title insurance policy. <br />Buyer wilI pay all reasonable and customary closing fees charged by the <br />Title Insurer. <br />