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05-19-99 13:45 From-KENNEDY & GRAVEN +61233T9310 T-806 P.10/31 F-1T0 11.1. Execute, acknowledge and deliver to the Developer a warranty deed, with a right of reverter, to the Property conveying to the Developer marketable fee simple title to the Property, subject to the limitations contained in Sections 4.0 and 5.2 hereof, and all rights appurtenant thereto subject only to the encumbrances approved by Developer in accordance with Section 5.2. 11.2. Deliver to Developer an affidavit of the Authority in recordable form identifying the Authority as the owner of the Property free and clear of all encumbrances except the encumbrances approved by Developer in accordance with Section 5.3, that all work, labor, services and materials furnished to or in connection with the Property have been fully paid for so that no mechanic's, materialmen's,or similar lien may be filed against the Property. 11.3. In the event the warranty deed described in Secuon 11.1 does not contain the statement "The Seller certifies that the Seller does not know of any wells on the described real property", Authority shall execute and deliver to Developer a Well Disclosure Certificate as required in Minnesota Statutes, Section 1031.235 indicating that all wells have been properly abandoned and sealed by a licensed well contractor, all as required by the rules and regulations issued to Minnesota Statutes, Section 1031.501(0{2). 11.4. Execute and deliver to Developer a Designation Agreement relating to the Property which designates the "reporting person" for purposes of completing internal Revenue Form 1099S. 113. Deliver to Developer such other documents as may be required by this Agreement or applicable law. 11.6. Deliver to Developer evidence of Authority's authorization to complete this transaction. 11.7. Execute and deliver to Developer a closing statement consistent with this Agreement. 12.0. Developer's Obligations at Closing. At closing, and subject to the terms, condiuons, and provisions hereof and the performance by Authority of its obligations as set forth above, the Developer shall: 12.1. Deliver to Authority any portion of the Purchase Price then due and payable by Developer's certified or cashier's check or equivalent. 12.2. Execute,and/or deliver to Authority such other documents as may be required by this Agreement or applicable law. 12.3. Deliver to Authority evidence of Developer's authorization to complete this transaction. Developer hereby represents and warrants to Authority that the execution and performance of this Agreement by Developer has been duly authorized by all necessary DJC-162543 8 ML12U5-2