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09/01/00 14:12 FAX LC8500 lruvr <br /> 6).(4. <br /> • <br /> /Wprient <br /> reasonable judgment, that the interests of the Seller under this <br /> remain adequately protected. <br /> f. Upon completion of Construction of the Building, Buyer <br /> shall con tey <br /> he <br /> y <br /> fee title to the Property to David S. Ripplinger and Carole A. pp <br /> recipients of certain subsidy assistance from 2r 2000 betweenllepursuant to hSellat e rtaan'nd <br /> Performance/Assistance Agreement dated August <br /> David S. Ripplinger and Carole A, Ripplinger. Buyer shall receive no more than <br /> $1.00, plus the cost of construction of the Building thereon, for the conveyance <br /> of the Property to David S. Ripplinger and Carole A. Ripplinger. <br /> g. Seller may extend the time to comply with the conditions set forth <br /> above if the Buyer has good cause for requesting said extension. <br /> 8. Real Estate Taxes. Real estate taxes due and payable in 1999 and all <br /> prior years, if any, shall be paid by Seller. Real estate taxes due and payable in 2000, <br /> if any, shall be prorated as of the Closing Date based upon the parties' respective <br /> period of ownership and possession of the Property in the calendar year of closing. On <br /> or prior to the Closing Date, Seller shall pay all special assessments, whether or not <br /> then due, then levied against the Property. Seller shall pay on the date of closing any <br /> • deferred real estate taxes, including "Green Acres" taxes, or special assessments, the <br /> payment of which is required as a result of the closing. Seller makes no representation <br /> concerning the amount of future real estate taxes or future special assessments. <br /> 9. Expenses. Possession. Seller agrees to deliver possession of the <br /> Property to Buyer on the Closing Date. In the event Buyer chooses to obtain title <br /> insurance or in the event Buyer's lender requires the issuance of title insurance, Buyer <br /> shall be responsible for any costs associated with closing with a title company including, <br /> but not limited to, the closing fee and all premiums for issuance of either the owner's <br /> policy or the lender's policy of title insurance. <br /> 10. Notices. All documents to be delivered and all correspondence and <br /> notices to be given in connection with this Purchase <br /> u Agreement <br /> certified shall <br /> mailbe in return writing <br /> receipt <br /> given by personal delivery or sent byregistered <br /> requested, postage prepaid, addressed as follows: <br /> If to Buyer. Rivers Crossing, Inc. <br /> P.O. Box 57 <br /> Elk River, MN 55330 <br /> Attn: Gary Santwire <br /> S <br /> -5- <br />