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b. Restrictions relating to use or improvement of the provisions; property without effective forfeiture c. Reservation of any mineral rights by the State of Minnesota; d. Utility and drainage easements which do not interfere with existing e. Exceptions to title which constitute encumbrances, restrictions, or easements which have been disclosed to Buyer and accepted by Buyer in improvements; specified in writing); Y this Purchase Agreement (must be 7. Real Estate Taxes and S ecial Assessments. Real estate taxes due and payable in and for the year of closing shall be prorated between Seller and Buyer on a calendar year basis to the actual date of closing, unless otherwise provided in this Agreement. If tax statements for such taxes are not available on the date of closing, the amount to be prorated shall be 110% of the g closing, ADJUSTED UPON RECEIPT OF THE prior year's taxes, and such estimated proration shall the parry entitled to a credit as a result of the adjustment shall receive the amount of such credit from the other STATEMENTS FOR SUCH YEAR (in which case party within 30 days of issuance of the tax statements). Seller represents that taxes due and payable in the year 1998 will be - -- ---- -homestead classification, unless Buyer changes the tax classification for taxes payable in the year following closing by new homestead declaration within the time required by law. If the toes due and payable in the year of closing possession of the property are PART or NON - homestead classification, Seller shall pay to Buyer at closing homestead and filing a addition to Seller's prorated share of the taxes. If the taxes due and payable in the year following Zero Dollars ($0.00), in PART or NON - homestead to file for homestead tax status for taxes due and payable in such year, Seller shall pay to Buyer at closing Zero Dollars ($0.00) Y g closing are as Seller's share of such taxes. SELLER SHALL PAY ON THE DATE OF CLOSING all installments of special assessments certified for payment with the real estate taxes due and payable in the year of closing. SELLER SHALL PAY ON THE DATE OF CLOSING all other special assessments levied as of the date of this Agreement. BUYER SHALL ASSUME special assessments pending as of the date of this Agreement for improvements that have been ordered by the City Council or other governmental assessing authorities. As of the date of this Agreement, Seller represents that Seller has not received a Notice of Hearing of a new public project from any gOVemmental assessing authority, the costs of which project may be assessed against the property. If a special assessment becomes pending after the date of this agreement and before date eof closing, Buyer will assume payment of the pending special assessment without adjustment to the purchase g price of the property. c SELLER SHALL PAY ON THE DATE OF CLOSING any deferred real estate taxes or special assessments ?ayment of which is required as a result of the closing of this sale. Page 5