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49461726v5 <br /> <br />10 <br />222417v6 <br /> <br />(a) Seller shall pay: <br /> <br />(1) The cost of issuance of the commitment for the title policy; <br /> <br />(2) One-half the closing fee charged by Title Company for the Closing between <br />Seller and Purchaser; <br /> <br />(3) State Deed Tax; <br /> <br />(4) Seller’s attorneys’ fees; and <br /> <br />(5) Those other closing costs allocated to Sellers by local custom and practice. <br /> <br /> (b) Purchaser shall pay the following costs in connection with the Closing: <br /> <br />(1) Premium for Purchaser’s owner’s title insurance policy, any lender’s title <br />insurance policy and any endorsements to either; <br /> <br />(2) Purchaser’s attorneys’ fees; <br /> <br />(3) One-half the closing fee charged by Title Company for the Closing between <br />Seller and Purchaser; <br /> <br />(4) The fees of the Purchaser’s due diligence providers, the Survey and of <br />engineers or other consultants, if any, engaged by Purchaser regarding the <br />Property and the Plat, except as otherwise set forth herein; and <br /> <br />(5) Those other closing costs allocated to Purchasers by local custom and <br />practice <br /> <br /> 16. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. <br /> <br />(a) Prior Years’ Delinquent Real Estate Taxes and Delinquent Special Assessments. <br />Delinquent real estate taxes payable in years prior to the year of Closing and delinquent <br />installments of special assessments certified for collection with real estate taxes payable in years <br />prior to the year of Closing, together with penalty, interest and costs, shall be paid by Seller not <br />later than the Closing Date. <br /> <br />(b) Real Estate Taxes Payable in the Year of Closing. Seller and Purchaser shall <br />prorate all general real estate taxes due and payable on or pertaining to the Property in the year in <br />which the Closing Date occurs on a per diem basis. If the Property is a portion of one tax parcel, <br />the prorated taxes payable herein shall be determined on a proportionate square footage basis. <br />Seller shall pay on or before the Closing Date all levied special assessments associated with the <br />Property as of the date of this Purchase Agreement. Purchaser shall assume and pay any <br />assessment pending as of the date of this Purchase Agreement, and all other assessments. Seller