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v Execute and deliver to Buyer and Title a Minnesota Uniform Conveyancing Blank Affidavit Regarding Business Entity evidencing the absence of bankruptcies, judgments, tax liens or corporate dissolution proceedings involving parties with the same or similar names as the Seller; and evidencing the absence of mechanic's liens arising out of work performed or materials provided by or at the request of Seller and the absence of known unrecorded interests, encroachments or boundary line questions affecting the Land; vi Execute and deliver to Buyer a non -foreign affidavit in recordable form containing such information as is required under IRS Section 1445(b)(2) and any regulations relating thereto; and vii Pay or provide evidence of payment of the following: the State Deed Tax due upon the execution of the Limited Warranty Deed; the cost of the title commitments Seller provides to Buyer pursuant to the terms of the Option Agreement; pay Buyer up to $3000 to reimburse amounts Buyer pays to an unaffiliated third party for a survey of the Land; real estate taxes and levied special assessments, if any, pursuant to the provisions of Section 9 below; and one-half of any reasonable and customary closing fees Title charges to conduct closing of this transaction. b. Buyer shall: i Direct Title to disburse the Earnest Money to Seller; ii Tender the balance of the Purchase Price to Seller in wire transferred funds; iii Tender to Title, for payment to the City, an amount equal to the sum of the fees and charges which, under the City's Ordinances, are due and payable to the City at the time the Final Plat is recorded with respect to the Land. Fees and charges due and payable to the City may include, but are not limited to park dedication fees, trail fees, utility connection fees, and storm water fees. iv Pay or provide evidence of payment of the following: real estate taxes, if any, pursuant to the provisions of Section 9; the recording fees and conservation fee, if any, payable to record the Limited Warranty Deed from Seller to Buyer; all premiums and other charges for any title insurance policies Buyer purchases for itself and its lender; all costs associated with Buyer's financing; and one- half of any reasonable and customary closing fees Title charges to conduct the closing of this transaction. C-5 4937063v3