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(3) FMPTA Affidavit A non- foreign affidavit, properly executed and in recordable <br />form, containing such information as is required by IRC Section 1445(b)(2) and <br />its regulations. <br />(4) IRS Rgportinz Form The appropriate Federal Income Tax reporting form, if any <br />is required. <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 />(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 />B. Buyer's Closing Documents On the Closing Date, Buyer will execute <br />and/or deliver to Seller the following (collectively, "Buyer's Closing Documents "): <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 />(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 Policy. <br />5. Prorations Seller and Buyer agree to the following prorations and <br />allocation of costs regarding this Agreement: <br />(a) Title Insurance and Closing 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 />(b) Deed Tax Seller shall pay all state deed tax, if any, regarding the Warranty Deed <br />to be delivered by Seller under this Agreement. <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 />-159- <br />