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mutually agree prior to such date. At the option of either Party, the executed closing <br />documents, Purchase Price and closing costs may be deposited with the Escrow Agent <br />and disbursed by the Escrow Agent pursuant to avoid the necessity for a Closing at which <br />the Parties are present. <br />a. Seller's Obligations at Closing. At Closing, Seller must deliver to Escrow <br />Agent, for delivery to Buyer: <br />i. A quit claim deed, duly executed and acknowledged on behalf of the City <br />and with the City's seal affixed, conveying title to the Property, subject to <br />(A) the lien of real estate taxes, if any, not yet due and payable and any <br />installments of special assessments certified for payment therewith; (B) <br />Building, Subdivision and Zoning Ordinances; (C) Matters that would be <br />disclosed by an accurate survey of the Property; and (D) matters that <br />constitute Permitted Exceptions pursuant to Section 6; <br />ii. A certified copy of a duly adopted City Ordinance and Resolution <br />authorizing Seller's sale of the Property to Buyer; and <br />iii. Seller's affidavits, well disclosure certificate (if required), settlement <br />statement approved by Seller and Buyer, and any other documents <br />required by the Escrow Agent. <br />b. Buyer's Obligations at Closing. At Closing, Buyer must: <br />i. Wire Transfer (or deliver a certified check in) an amount equal to the <br />amount of the Purchase Price adjusted for to reflect Buyer's prior payment <br />of the Earnest Money and to reflect amounts Buyer must pay or will <br />receive pursuant to Section 14(c), to Escrow Agent for disbursement to <br />Seller and others pursuant to this Agreement and the Settlement <br />Statement; and <br />ii. File or cause Escrow Agent to file an Electronic Certificate of Real Estate <br />Value. <br />c. Closing Costs. <br />i. At Closing, the following Seller closing costs and expenses must be paid <br />from the Purchaser Price or, if the Purchase Price is not sufficient, paid by <br />Seller: <br />1. Seller's portion of the prorated property taxes. <br />2. Seller's own attorney's fees. <br />3. One-half the cost of any closing fees. <br />4. The cost of providing Title Commitment as prescribed in Section 6 <br />Page 7 of 13 <br />