Agenda - Economic Development Authority - 06/04/2015

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G. An assignment, in a form and substance acceptable to Buyer, of all assignable warranties, guarantees, permits, licenses, certificates and franchises applicable or relating to the Premises. 26. CLOSING COSTS. The following costs and expenses shall be paid as follows in connection with the closing: A. Seller shall pay: 1. The cost to prepare and deliver to Buyer the Commitment (including, without limitation, the cost of any title search and exam by Title Company); all fees to record all of the documents necessary to permit Seller to convey Marketable Fee Simple Title to the Premises to Buyer (other than the fee to record the Deed); the cost of any endorsements necessary to convey Marketable Fee Simple Title to Buyer; and one-half (1/2) of the closing fee charged by Title Company. 2. Any state, county or municipal deed tax, excise tax or transfer fee imposed on the conveyance, and any fees and costs incurred by Seller or necessary to subdivide the Premises from other real property into a separate tax parcel. 3. Any deferred or delinquent real estate taxes or utilities and Seller's pro -rata share of those costs and expenses set forth in Section 27. 4. All special assessments existing through and including the Closing Date, whether levied, pending, deferred or assessed, including without limitation, the unpaid balance of special assessments and/or installments of special assessments certified for payment to the real estate taxes, except all special assessments that become levied or pending after the Closing Date. 5. The cost of the ALTA survey. 6. The brokerage fee of Broker pursuant to Section 7. 7. Attorneys' fees and costs of Seller's attorneys. B. Buyer shall pay: 1. The documentary fee necessary to record the Deed. 2. The premium for the Owners Title Insurance Policy, any Lender's policy of title insurance. 3. One-half (1/2) of the closing fee and all of the escrow fee charged by Title Company. Page 9 of 16