10/09/12 - Laserfiche WebLink

Home

(iii) deliver to BUYER appropriate corporate resolutions authorizing SELLER's conveyance of the Property to BUYER and identifying the individual(s) authorized to execute the warranty deed and any other documents required hereunder; (iv) execute and deliver to BUYER a non -foreign affidavit in recordable form containing such information as is required under IRC Section 1445(b)(2) and any regulations relating thereto; (v) execute and deliver to the closing agent, with a copy to BUYER, a completed Minnesota Department of Health Well Disclosure Certificate or include on the warranty deed the statement "The SELLER certifies that the SELLER does not know of any wells on the described real property" or the statement "I am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate" followed by SELLER's signature; (vi) execute and deliver to the closing agent, with copies to BUYER, and make arrangements to have the closing agent record or file in the appropriate county land records, the affidavits described in Minnesota Statutes, § 116.48, Subd. 6; (vii) deliver to BUYER the Bring Down Certificate described in Section 9; (viii) execute and deliver a Settlement/HUD Closing Statement in form to be prepared by the Title Company; (ix) provide the Title Company with all information necessary to allow the Title Company to prepare a Certificate of Real Estate Value; (x) provide evidence of payment of the following: the cost of providing the Title Commitment; the State Deed Tax due upon the execution of the Warranty Deed; any delinquent real estate taxes due and payable with respect to the Property; the penalties and interest due thereon and a pro rata share of the real estate taxes due and payable with respect to the Property in the year in which Closing occurs, as set forth in Section 12; the commission or fee due any real estate agent that SELLER has employed in connection with this transaction. b. BUYER must: (i) tender Five Hundred Thousand Nine Hundred Forty and 00/100 Dollars ($500,940.00) to SELLER via wire transferred funds, less the Earnest Money (ii) provide evidence of payment of the following: BUYER's pro-rata share of the real estate taxes due and payable with respect to the Property in the