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11. 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 /> 5. The cost of the owner's title insurance policy, if Buyer elects to <br /> purchase an Owner's title insurance policy. <br /> d. Possession. Seller must deliver possession of the Property to Buyer at Closing. <br /> 14. REAL ESTATE BROKERS. Seller and Buyer represent and warrant to each other that <br /> they have dealt with no brokers, real estate agents, finders or the like in connection with <br /> this transaction other than Excelsior Realty, ("Buyer's Broker"). Seller shall pay Buyer's <br /> Broker 3.5% of final gross sale price. Seller and Buyer agree to indemnify each other <br /> and to hold each other harmless against all claims, damages, costs or expenses of or for <br /> any broker's fees or commissions resulting for their actions or agreements regarding the <br /> execution or performance of this Agreement, other than the fees payable to Buyer's <br /> Broker, and will pay all costs of defending any action or lawsuit brought to recover any <br /> such fees or commissions incurred by the other party, including reasonable attorney's <br /> fees. <br /> 15. ASSIGNMENT. This Agreement may not be assigned without the written consent of <br /> the non-assigning Party. The Seller recognizes the Buyer intends to assign this <br /> Agreement to an affiliated special purpose entity that will be registered officially with the <br /> State of Minnesota. <br /> 16. THIRD PARTY BENEFICIARY. There are no third-party beneficiaries of this <br /> Agreement, intended or otherwise. <br /> 17. JOINT VENTURE. Seller and Buyer, by entering into this Agreement and completing <br /> the transactions described herein, shall not be considered joint ventures or partners. <br /> 18. CAPTIONS. The paragraph headings or captions appearing in this Agreement are for <br /> convenience only, are not a part of this Agreement, and are not to be considered in <br /> interpreting this Agreement. <br /> 19. ENTIRE AGREEMENT /MODIFICATION. This written Agreement constitutes the <br /> complete agreement between the parties and supersedes any prior oral or written <br /> agreements between the parties regarding the Property. There are no verbal agreements <br /> that change this Agreement and no waiver or modification of any of its terms will be <br /> effective unless in writing executed by the parties. <br /> Page 8of13 <br />