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(a) Title Insurance and Closing Fee. Seller will pay all <br />costs of Title Evidence, and the fees charged by Title <br />for any escrow regarding Buyer's Objections. Buyer <br />will pay all premiums required for the issuance of an <br />ALTA Owner's Title Insurance Policy, (unless Seller <br />fails to provide an Abstract or Registered Property <br />Abstract). Buyer will pay any reasonable and customary <br />closing fees or charges imposed by any closing agent <br />designated by the Title Company. <br />(b) Deed Tax. Seller shall pay all state deed tax <br />regarding the Warranty Deed to be delivered by Seller <br />under this Agreement. <br />(c) Real Estate Taxes and Special Assessments. Seller will <br />pay on or before the Closing Date, all special <br />assessments .levied, pending, or constituting a lien <br />against the Real Property as of the Closing Date <br />including without limitation any installments of <br />special assessments including interest payable with <br />general real estate taxes in the year of Closing. <br />General real estate taxes and installments of special <br />assessments payable in all years prior to the year of <br />Closing will be paid by Seller. General real estate <br />taxes payable in the year of Closing shall be prorated <br />by Seller and Buyer as of the Closing Date based upon a <br />calendar year. Seller shall pay all deferred real <br />estate taxes or special assessments which may become <br />payable as a result of the sale contemplated hereby. <br />If the amount of such general real estate taxes and <br />installments of special assessments payable therewith <br />cannot be determined on the Closing Date, Seller will <br />deposit with the Title Company, from the Purchase <br />Price, an amount equal to 1100 of the most current <br />estimate of such taxes and special assessment <br />installments, assuming for estimating purposes that the <br />Real Property will be fully assessed. Such deposit <br />will be held in escrow and all interest earnings on <br />such deposit will be paid to Seller. The Title Company <br />will retain such deposit to pay Seller's share of the <br />actual general real estate taxes payable in year of <br />Closing and installments of special assessments <br />including interest payable therewith, paying any excess <br />over to Seller. Seller will pay any deficiency, when <br />such general real estate taxes and installments of <br />special assessments including interest payable <br />therewith are known. <br />5 <br />6 <br />