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JUL-02-2004 09:48 CITY OF RAMSEY ?6342?5543 P.O? <br /> <br />If'the Property contains or contained a storage rank, an affidavit with respect <br />thereto, as required by Minn. Stat. Section 116.48. <br /> <br />do <br /> <br />A non-foreign affidavit, (FIRPTA affidavit) properly executed and in <br />recordable form, containing such information as is required by IRC Section <br />1445(b)(2) and its regulations. <br /> <br />If Torrens, the owner's duplicate certificates of title, if any, regarding the <br />Property. <br /> <br />f. An appropriate Federal Income Tax reporting form, if any is required. <br /> <br />Such further affidavits of SELLER, certificates of value or other documents <br />as may be reasonably required by BUYER'S title company in order to record <br />the SELLER'S Closing Documents and issue BUYER the owner's title <br />insurance policy required by this Agreement. <br /> <br /> 14. EVIDENCE OF TITLE. Evidence of Title. Within ten (10) days after execution <br />of this Agreement, SELLER shall furnish BUYER: <br /> <br />An Abstract of Title or Registered Property Abstract, together with proper <br />searches covering bankruptcy, federal and state judgments and tax liens, real <br />estate taxes and special assessments. <br /> <br />bo <br /> <br />A commitment for an ALTA owner's policy of title insurance covering the <br />Property issued by Registered Abstracters Inc. <br /> <br />SELLER may provide a title commitment issued by Registered Abstracters, <br />Inc. to BUYER and, in that case, BUYER waives any claim for an Abstract <br />of Title or Registered Property Abstract. <br /> <br /> 15. EXAMINATION OF TITLE. BUYER shall be allowed until the date ten (10) <br />days after receipt of such title evidence for examination of title and the making of any objections <br />thereto, which objections shall be in writing or they will be deemed to be waived. If any objections <br />are so made, SELLER shall be allowed until the date of closing to make such title marketable, and <br />SELLER shall use all reasonable efforts to make such title marketable. <br /> <br /> If said title is not marketable and is not so made by the date of closing, as above provided, <br />BUYER shall have the option of: <br /> <br />Declaring this Agreement null and void and receiving a refund from <br />SELLER of all Earnest Money paid hereunder; or <br /> <br />b. Waiving any defects in title and proceeding to close the transaction <br /> contemplated by this Agreement. <br /> <br /> If the title to the Property is marketable or is made marketable by the date of closing, and <br />BUYER defaults in any of the agreements on its part to be performed under this Agreement and <br /> <br />6 <br /> <br /> <br />