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(3) Other Documents. Any required federal income tax reporting forms, <br /> well certificates or septic system disclosures required by law or the Title <br /> Company, and all other documents required by the Title Company or Buyer <br /> which are reasonably necessary to transfer the Property to Buyer under this <br /> Agreement and record the Deed and other closing documents. <br /> 8. Buyer's Closing Documents. On the Closing Date, Buyer will execute and <br /> deliver to Seller the following ("Buyer's Closing Documents"): <br /> (1) Closing Payment. The Closing Payment. <br /> (2) Title Documents. Such affidavits of Buyer, Certificates of Value or <br /> other documents as may be reasonably required by the Title Company to record <br /> the Seller's Closing Documents and issue the Title Policy. <br /> 9. Proration. Seller and Buyer agree to the following proration and allocation of <br /> costs regarding this Agreement: <br /> a. Title Insurance, Closing Fee,Deed Tax,Recording Fees. Seller will pay all <br /> costs of the Title Commitment. Buyer will pay all premiums required for the <br /> issuance of an Owner's Title Policy and any mortgagee's title insurance policy. <br /> Seller and Buyer will each pay one-half(%2) of any reasonable and customary <br /> closing fee or charge imposed by the Title Company and any escrow fee charged <br /> by the Escrow Agent(except that to the extent Escrow Agent fees are required as <br /> a result of title defects or Seller's inability to close then Seller shall pay such <br /> costs). Seller will pay all transfer taxes and state deed tax regarding the Deed to <br /> be delivered by Seller under this Agreement. Buyer will pay the costs of <br /> recording all required documents related to this transaction. <br /> b. Real Estate Taxes and Special Assessments. Seller and Buyer shall prorate as <br /> of the date of Closing all general real estate taxes, and installments of assessments <br /> and special assessments payable in the year of Closing. Seller shall pay all <br /> general real estate taxes and installments of special assessments payable therewith <br /> in all years prior to Closing. Seller will pay in full, on or before the Closing <br /> Date, all special assessments levied,pending, certified or constituting a lien <br /> against the Property as of the Closing Date, including without limitation any <br /> installments of special assessments including interest payable with general real <br /> estate taxes in the year of Closing. Seller shall pay all deferred real estate taxes <br /> or special assessments which may become payable as a result.of the sale <br /> contemplated by this Agreement. Seller shall pay all delinquent real estate taxes <br /> and special assessments,together with all penalties, interest, and costs payable in <br /> the year of Closing and all prior years. Buyer shall pay all real estate taxes and <br /> special assessments payable therewith in all years after the Closing. <br /> C. Attorneys' Fees. A party defaulting under this Agreement or any closing <br /> document will pay the reasonable attorneys' fees and court costs incurred by the <br /> non-defaulting party to enforce its rights regarding such default. <br /> 7 <br />