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DocuSign Envelope ID: 1 D7DF6CE-1 FE8-46C2-846A-D23B59B6B176 <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 and any <br /> installments of special assessments certified for payment therewith; and(B) <br /> matters that 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, if required and necessary. <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 shall pay all outstanding property taxes, including but not <br /> limited to, Payable 2022 for the Property. <br /> 2. Seller's own attorney's fees. <br /> 3. One-half the cost of any closing fees. <br /> 4. The cost of real estate broker commission fees as prescribed in <br /> Section 14. <br /> 5. State Deed Tax. <br /> 6. Such other reimbursements to Buyer pursuant to the terms of this <br /> Agreement. <br /> ii. At Closing Buyer must pay the Purchase Price to Seller and the following <br /> costs and expenses: <br /> 1. Buyer's portion of prorated property taxes. <br /> 2. Buyer's own attorney's fees. <br /> 3. One-half the cost of any closing fees. <br /> 4. Documentary and recording fees for the deed(s). <br /> 2636471.v4 Page 7 of 12 <br />