Laserfiche WebLink
<br />(3) FIRPTA Affidavit. A non-foreign affidavit, properly executed and in recordable <br />form, c.ontaining such information as is required by IRC Section 1445(b)(2) and <br />its regulations. <br /> <br />(4) IRS Reporting Form. The appropriate Federal Income Tax reporting form., if any <br />is required. <br /> <br />(5) Well Certificate. The :Minnesota Form Well Certificate indicating the existence <br />or presence of any wells on the. Property and whether the same is capped or <br />currently in use. <br /> <br />(6) Other Documents. . All other documents reasonably determined by Buyer to be <br />necessary to transfer the Property to Buyer free and clear of all encumbrances not <br />,objected to by Buyer. <br /> <br />B. Buyer's ClosmlZ Documents. On the Closing Date, Buyer will execute <br />and/or deliver to Seller the following (collectively, "Buyer1s Closing Documents!!): <br /> <br />(1) Purchase Price. The Purchase Price, by wire transfer of U.S. Federal Funds, or by <br />certified check to be delivered to Seller-on or before 5:00 p.m. on the Closing <br />Date. <br /> <br />(2) Title Documents. Such affidavits of Purchaser, Certificates of Value or other <br />documents as may be reasonably required in order to record the Seller's Closing <br />Documents and issue a Title Insurance P.olicy. <br /> <br />5. Prorations. Seller and Buyer agree to the following prorations and <br />allocation of costs regarding this Agreement: <br /> <br />(a) Title insurance and ClosinQ: Fee. Seller will pay all costs of the Title Evidence, <br />and the fees charged for any escrow required regarding Buyer's Objections~ <br />Buyer will pay the ALTA Form. B 1970 Owner's Title Policy and additional <br />premiums required for the issuance of any mortgagee's Title Policy if required by <br />Buyer. Seller and Buyer will each pay one-half of any reasonable and customary <br />closing fee or charge imposed by any closing agent. <br /> <br />(b) Deed Tax. Seller shall pay all state deed tax, if any, regarding the Wa.rr:anty Deed <br />to be delivered by Seller under this Agreement. <br /> <br />(c) Real Estate Taxes and Special Assessments. Seller shall pay all levied and pending <br />special assessments and deferred fees, if any, against the Property as of the Closing <br />Date, including special assessments certified for payment with the real estate taxes <br />payable in the year of closing. Seller shall pay all real estate taxes due and payable <br />in the years prior to closing. Real estate taxes due and payable in the year of closing <br />shall be prorated on the basis of a 365 day calendar year. Buyer shall pay all real <br />estate taxes due and payable in the years following closing. <br /> <br />-369- <br />