7.5. SR 07-15-2013 - Laserfiche WebLink

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are no other unrecorded interests in the Property, together with whatever standard owner's affidavit as may be reasonably required by the Buyer's title insurer; (iii) execute and deliver to Buyer a non-foreign affidavit in recordable form containing such information as required under IRC Section 1445(b)(2) and any regulations relating there to; (iv) provide Buyer or Title, as defined in Section 12 with the information necessary to complete a Minnesota Certificate of Real Estate Value; and (v) pay or provide evidence of payment of the following: the cost of providing the Evidence of Title as defined in Section 12(a); the State Deed Tax due upon the execution of the deed described in Section 9; real estate taxes and, if applicable, levied or pending special assessments pursuant to the provisions of Section 14; and one-half of Title's fee to conduct the closing of this transaction. b. Buyer must: (i) Tender the Purchase Price to Seller pursuant to the provisions of Section 6 above; and (ii) Pay or provide evidence of payment of the following: the premium for Buyer's owner's policy of title insurance, if any; the charges for any endorsements to Buyer's title insurance policy that Buyer elects to purchase; the recording fee due upon the recording the deed from Seller to Buyer; all costs associated with Buyer's financing, if any, including mortgagee's title insurance policy costs and premiums, if any, and one-half of Title's fee to conduct and insure the closing of this transaction. (iii) Execute and deliver to Seller the Tax Abatement Agreement and Business Subsidy Agreement attached hereto as Exhibit together with the Promissory Note and Mortgage attached thereto; (iv) Execute and deliver to Seller the following Agreements attached hereto as Exhibit ; Others? (v) Execute and deliver all documents necessary to enter into the loan facilities set forth in Sections 8(i) and 8(iv) and"close" on such loan facilities. 12. Evidence of Title. a. Within ten (10) business days after the Effective Date, Seller must, at Seller's sole cost and expense, deliver to Buyer a commitment from Sherburne County Abstract and Title ("Title") to issue an ALTA Form 2006 Owner's Policy of Title Insurance, in the amount of the Purchase Price, identifying Buyer as the proposed insured (the"Title Commitment") as well as any so called"Schedule B-II documents". 4