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<br /> 8 <br />419290v2 LN140 -109 <br /> 1 1 .1 . Deliver to EDA evidence of Develo per’s procurement of adequate financing <br />to complete this transaction and the construction of the Minimum Improvements. <br /> <br /> 1 1 .3. Execute, and/or deliver to EDA such other documents as may be required by <br />this Agreement or applicable law. <br /> <br /> 1 1 .4. Execute an d deliver to EDA a closing statement consistent with this <br />Agreement. <br /> <br /> 1 2 .0. Closing Costs . The following costs and expenses shall be paid as follows <br />in connection with the closing: <br /> <br /> 1 2 .1. EDA shall pay: <br /> <br /> (a ) The cost of preparation of the quit cl aim deed and other documents <br />of conveyance. <br /> <br /> (b ) State Deed Tax upon delivery of the quit claim deed to the <br />Developer. <br /> <br /> (c ) The cost of recording any document necessary to make title <br />marketable, subject to the limitations on EDA’s obligations to provid e marketable <br />title contained in Sections 4.0. <br /> <br /> 1 2 .2. Developer shall pay the following costs in connection with the closing. <br /> <br /> (a) Any filing fee to record the quit claim deed and related documents. <br /> <br /> (b) Developer’s attorneys’ fees , and all EDA att orneys fees in <br />connection with the transaction describe din this Agreement. (The parties agree and <br />understand that Developer deposited $5,000 with the EDA prior to the date of this <br />Agreement to finance such EDA costs. Such deposit will be applied first to cover <br />EDA costs, but any amount in excess of the balance shall be payable by Developer <br />on the Date of Closing.) <br /> <br /> (c) T he closing fee charged by the title insurer, if any. <br /> <br /> (d) The title insurance premium charged by the title insurer, if any. <br /> <br /> 1 3 .0 . Taxes and Special Assessments . The parties agree and understand that the Property is <br />exempt from property taxes for payable 2013. Developer will responsible for all property taxes <br />coming due after the Date of Closing (as further provided in Section 17 .5 hereof). The parties <br />further agree and understand that the Property was encumbered by certain special assessments at the <br />time the Property was tax -forfeited, and that the County will apply net proceeds of the purchase <br />price paid by the EDA to the Count y to pay the prior discharged assessments. Developer shall have <br />no obligation to pay any assessments that were discharged in tax forfeiture, and the EDA warrants