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<br />. <br /> <br />. <br /> <br />. <br /> <br />after the date of this Agreement and held and disbursed under the <br />tenns of this Agreement on the Date of Closing. Buyer agrees to <br />pay the Balance Due of One Hundred Twenty-three Thousand <br />Seven Hundred Fifty and No/I00ths Dollars ($123,750) in cash or <br />by check on the Date of Closing according to the terms of this <br />Purchase Agreement. <br /> <br />(2) <br /> <br />DEED/MARKETABLE TITLE. Subject to perfornlance by Buyer, <br />Seller agrees to execute and deliver a Warranty Deed conveying <br />marketable title to the Property to Buyer, subject only to the <br />following exceptions: <br /> <br />a. Building and zonmg laws, ordinances, state and federal <br />regulations. <br /> <br />b. Rescrvation of minerals or mineral rights to the State of <br />Milmesota. <br /> <br />c. Utility and drainage easements. <br /> <br />(3) <br /> <br />DOCUMENTS TO BE DELIVERED AT CLOSING. In addition to <br />the Warranty Deed required in paragraph 6.B.(3) above, Seller shall <br />deliver to Buycr: <br /> <br />a. Affidavit of Sellcr. <br /> <br />b. Such other documents as may be required by Buyer's title <br />examiner or title insurance company. <br /> <br />c. Waiver of relocation benefits. <br /> <br />7. REAL EST ATE TAXES AND SPECIAl.. ASSESSMENTS; COSTS AND <br />PRORATIONS. Seller and Buyer agrec to the following prorations and allocations of <br />costs regarding this Purchase Agreement: <br /> <br />A. Deed Tax. Seller shall pay all state deed tax regarding a Warranty Deed and <br />any other documents necessary to place record title in the condition warranted and to <br />be delivered by Seller under this Agreement. <br /> <br />B. Taxes and Assessments. The real estate taxes due and payable in the year <br />of closing will be homestead classification. Seller shall pay at or prior to closing all <br />real estatc taxes due and payable in 1999 and prior years. The Seller and Buyer <br />agrce to prorate as of the date of actual closing all real estate taxes due and payable <br />in the year of closing. Seller agrees to pay at closing any and all rcal estate taxes <br />prorated to Seller. Buyer shall pay the real estate taxes due and payable in the year <br />