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DocuSign Envelope ID: 212BB42A-7CCF-455C-9E93-F2222C55BE12 <br />Plymouth, MN 55446 <br />With a required copy to: <br />Lennar Corporation <br />Office of the General Counsel <br />700 N.W. 107th Avenue <br />Miami, FL 33172 <br />phil.wolf@lennar.com <br />With a required copy to: <br />Vantage Law Group, PLLC <br />Attn: Jerry Perron <br />125 SE Main St., Suite 250 <br />Minneapolis, MN 55414 <br />erry.perron@vantage. law <br />Notices not given in the manner or within the time limits set forth in this Agreement are of <br />no effect and may be disregarded by the party to whom they are directed. <br />13. CLOSING. This transaction shall close within 30 days after Buyer delivers a Notice to <br />Proceed to Seller or on such earlier date as Seller and Buyer may establish by mutual, <br />written agreement; provided, however, Buyer may extend the Closing a total of two (2) <br />times, each time for a period of Sixty (60) days, by depositing an additional Five <br />Thousand and 00/100 Dollars ($5,000.00) earnest money with Escrow Agent for each <br />extension. Each $5,000 extension payment shall be non-refundable, but applicable to the <br />Purchase Price. The Closing shall take place at the offices of the Escrow Agent, or at <br />some other place as the parties may mutually agree prior to such date. At the option of <br />either Party, the executed closing documents, Purchase Price and closing costs may be <br />deposited with the Escrow Agent and disbursed by the Escrow Agent pursuant to avoid <br />the necessity for a Closing at which the Parties are present. <br />(00255405 2) <br />a. Seller's Obligations at Closing. At Closing, Seller must deliver to Escrow <br />Agent, for delivery to Buyer: <br />i. A limited warranty deed, duly executed and acknowledged on behalf of <br />the City and with the City's seal affixed, conveying title to the Property, <br />subject to (A) the lien of real estate taxes, if any, not yet due and payable <br />and any installments of special assessments certified for payment <br />therewith; (B) Building, Subdivision and Zoning Ordinances; (C) Matters <br />that would be disclosed by an accurate survey of the Property; and (D) <br />matters that constitute Permitted Exceptions pursuant to Section 6; <br />Page 7 of 14 <br />