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(c) <br /> <br />owner's affidavit and/or indemnity (ALTA Form) which may be required by Title <br />Company to issue an Owner's Policy of Title Insurance with the standard <br />exceptions waived. <br />FIRPTA AFFIDAVIT. A non-foreign affidavit, properly executed and in <br />recordable form, containing such information as is required by IRC Section 1445 <br />(b)(2) and its regulations. <br /> <br />(d) <br /> <br />IRS Reporting. The appropriate Federal Income Tax reporting form, if any is <br />required, together with a Closing Designation Agreement identifying the party <br />responsible for any reporting to the IRS. <br /> <br />(e) <br /> <br />Well Certificate. An executed certification as to the location of any wells on the <br />Property in accordance with the laws of the State of Minnesota. <br /> <br />Other Documents. All other documents reasonably determined by BUYER to <br />be necessary to transfer the Property to BUYER free and clear of an <br />encumbrances. <br /> <br /> 10. BUYER'S CLOSING DOCUMENTS. <br />execute, and/or deliver to SELLER the following <br />Documents"): <br /> <br />On the Closing Date, BUYER will <br />(collectively, "BUYER'S Closing <br /> <br />(a) <br /> <br />Purchase Price. The BUYER'S check in the amount of $386,414.00 less any <br />closing expenses paid by BUYER which are agreed upon as SELLER'S closing <br />expenses. <br /> <br />(b) <br /> <br />Title Documents. Such affidavits of Purchase, Certificates of Value or other <br />documents as may be reasonably required in order to record the SELLER'S <br />Closing Documents and issue the Title Insurance Policy required by this <br />Agreement. <br /> <br /> 11. REAL ESTATE BROKERS. SELLER shall have the full responsibility and <br />obligation to pay any and all Real Estate Brokers which SELLER may have contracted with <br />regarding the sale of the Property. BUYER shall have no obligation to pay any real estate <br />commissions which may be due as a result of the Property sale. <br /> <br /> 12. CLOSING. The closing of the transaction contemplated by this Agreement shall <br />occur at the place determined by SELLER and BUYER. The "Closing" or "Closing Date" shall <br />occur by December 1, 2003, provided all the conditions contained herein have been satisfied. <br /> <br />13. DEFAULT AND TERMINATION. <br /> <br />(a) <br /> <br />This agreement may be enforced by an action for specific performance and/or <br />damages provided that such action is commenced within 6 months of the date of <br />such default. <br /> <br />6 <br /> <br /> <br />