CC PACKET 06122012 - Laserfiche WebLink

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15 7.2. Buyer's Closing Documents. On the Closing Date, Buyer will execute and deliver to Seller the following (collectively, "Buyer's Closing Documents"): 7.2.1. Purchase Price. Funds representing the balance of the Purchase Price, in the form of immediately available U.S. funds by wire transfer. 7.2.2. IRS Form. If applicable, a Designation Agreement designating the "reporting person" for purposes of completing Internal Revenue Form 1099 and, if applicable, Internal Revenue Form 8594. 7.2.3. Authority. Evidence of authority of the person or persons executing documents on behalf of Buyer reasonably acceptable to Seller and the Title Company. 7.2.4. Title Affidavits. Affidavits as may be customarily and reasonably required by the Title Company. 7.2.5. Closing Statement. A closing statement acceptable to Buyer. 7.2.6. Certificate of Real Estate Value. A Certificate of Real Estate Value to be filed with Ramsey County, Minnesota. 7.2.7. Other Documents. All other documents reasonably necessary and appropriate to complete the Closing of the transaction contemplated herein. 8. Prorations. Seller and Buyer agree to the following prorations and allocation of costs regarding this Agreement: 8.1. Title Insurance and Closing Fee. Seller will pay all costs of the Title Evidence (hereinafter defined). Buyer shall pay for its Title Policy (hereinafter defined), including, without limitation, all premiums and costs of endorsements thereto, and the fees charged by the Title Company for any escrow required regarding Buyer's Objections. Seller and Buyer will each pay one-half of any closing fee or charge imposed by any closing agent or by the Title Company. 8.2. Recording Costs. Buyer will pay the cost of recording any documents required to be recorded by this Agreement, including, without limitation, the Deed. 8.3. Deed and Mortgage Taxes. Buyer shall pay all state deed tax payable in connection with this transaction. Buyer shall pay all mortgage registry tax payable in connection with Buyer's financing. 8.4. Real Estate Taxes and Special Assessments. All real estate taxes and special assessments due and payable in the years prior to the year in which the Closing -7-