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05-19-99 13:46 From-KENNEDY & GRAVEN +6123379310 T-806 P.11/31 F-170 <br /> action. <br /> 12.4. Execute and deliver to Authority a closing statement consistent with this <br /> Agreement. <br /> 13.0. Closing Costs. The following costs and expenses shall be paid as follows <br /> in connection with the closing: <br /> 13.1. Developer shall pay the following costs in connection with the closing <br /> (a) All abstracting expenses, the cost of issuing the title commitment <br /> and the cost of copies of all additional title documents necessary for the examination <br /> of title. <br /> (b) The title insurance premium charged by the Title Insurer. <br /> (c) The cost of preparation of the warranty deed and other documents of <br /> conveyance. <br /> (d) Any filing fee to record the warranty deed and related documents. <br /> (e) Stare Deed Tax upon delivery of the warranty deed to the Developer. <br /> (f) Authority's attorneys'fees, <br /> (g) Developer's attorneys'fees. <br /> 14.0. Prorations. The following prorations shall be made as of the Date of Closing and <br /> subsequent to the Date of Closing to the extent actual information is unavailable on the Date of <br /> Closing: <br /> 14.1. All utilities furnished to the Property. <br /> 14.2. Real estate taxes and special assessments as hereinafter provided. <br /> 15.0. Taxes and Special Assessments. Authority shall pay the real estate taxes and special <br /> assessments relating to the Property which are due and payable in all years prior to the year of <br /> closing, and any and all deferred real estate taxes and all levied and pending special assessments at <br /> the closing of the sale . Real estate taxes payable in the year of closing shall be prorated to the Date <br /> of Closing. The parties agree and understand that, as of the date of this Agreement, there are no <br /> outstanding deferred real estate taxes or levied or pending special assessments. The parties also <br /> agree and understand that, as of the date of this Agreement,notice has been provided by the City as <br /> to possible future special assessments affecting the Property and that Developer shall pay for any <br /> such future assessments. <br /> 16.0. Brokerage. Developer and Authority each represent and warrant to the other that they <br /> have nor engaged the services of any broker in connection with the purchase contemplated by this <br /> D70-162543 9 <br /> MU205-2 <br />