Laserfiche WebLink
2.2.3 Closing Fee. Buyer and Seller will pay split any reasonable and <br />customary closing fee or charge imposed by any closing agent designated <br />by the Title Company. <br />2.2.4 Deed Tax. Buyer shall pay all state deed tax regarding the Warranty Deed <br />to be delivered by Seller pursuant to this Agreement. <br />2.2.5 Recording. Seller will pay the cost of recording any documents <br />necessary to clear title and Buyer shall pay the cost of recording the <br />Warranty Deed. <br />2.2.6 Attorne. sees. In any litigation, arbitration or similar proceeding to <br />resolve a dispute between Seller and Buyer arising under or relating to this <br />Agreement, the prevailing party shall be entitled to recover its reasonable <br />costs, including reasonable attorney's fees, from the other party as <br />determined by the court, arbitrator or other decision maker. <br />2.2.7 Other Costs. All other costs shall be allocated in accordance with the <br />customs prevailing in similar transactions in the Twin Cities area. <br />2.3 Earnest Money. Buyer shall, upon execution and delivery of this Agreement, <br />deposit the sum of Ten Thousand Dollars ($10,000.00) as "Earnest Money" with <br />the Title Company, to be held, retained or refunded as follows: <br />2.3.1 Deposit. The Earnest Money shall be deposited in an interest bearing <br />account, in Buyer's name and for its account with the Title Company. <br />2.3.2 Default by Buffer. In the event of a default by Buyer, the Earnest Money <br />and all interest earned on the Earnest Money shall be retained by Seller <br />free from all claims of Buyer. <br />2.3.3 Termination by Bum. If Buyer terminates this Agreement by reason of <br />Seller's default or, if Buyer terminates this Agreement pursuant to Section <br />4.1, 4.3.1 or Article IX hereof, then, and only then, the Earnest Money <br />shall be refunded to Buyer. <br />2.3.4 Other Cases. In all other cases, all of the Earnest Money and all interest <br />thereon shall be retained by Seller. <br />ARTICLE III <br />ACCESS TO PROPERTY, INDEMNITY, <br />REPORTS, SURVEY AND GRADING PLAN <br />3.1 Access to Property/Indemnity. Seller shall allow Buyer and Buyer's <br />representatives access to the Property for the limited purpose of making such <br />inspections, tests and verifications as they shall deem reasonably necessary; <br />Page 3 <br />