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DocuSign Envelope ID: 1 D7DF6CE-1 FE8-46C2-846A-D23B59B6B176 <br />2636471.v4 <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 />Page 7 of 12 <br />