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<br />DRAFT <br /> <br />Earnest Money <br />Draft Date: July 19, 2006 <br />Page 6 of 6 <br /> <br />19. CLOSING. Closing shall take place on or before October 31,2006. <br /> <br />20. RETURN OF EARNEST MONEY. The earnest money paid by Buyer shall be returned to Buyer only <br />if Seller cannot convey marketable title. <br /> <br />By the signatures below, both the Buyer and Seller agree to the above terms. <br /> <br />BUYER: <br /> <br />SELLER: <br /> <br />CITY OF RAMSEY <br /> <br />By: <br /> <br />Lawrence J. Boike <br /> <br />Its: <br /> <br />Date: <br /> <br />Date: <br /> <br />Michelle A. Garcia-Boike <br /> <br />Date: <br /> <br />By: <br /> <br />Its: <br /> <br />Date: <br />