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satisfied by the date for Closing, the Parties hereby agree that the Setter shall have the <br />right, but not the obligation to extend the Closing for a period of up to sixty (60) calendar <br />days to attempt satisfy the conditions. <br />b. The specific time of the Closing shall be set by mutual written agreement of <br />the parties. The place of Closing shall be the offices of the Title Company or such other <br />place as may be designated by mutual written agreement of the parties. <br />10. Obligations of Seller at Closing. Seller shall have the following <br />obligations at Closing: <br />a. Seller shall execute, have acknowledged and deliver to Purchaser a special <br />warranty deed conveying title to Purchaser free and dear of leases, tenancies and parties <br />in possession and subject only to the Permitted Exception <br />b. Seller shall cause the Title Company to deliver to Purchaser either: (i) a <br />current Owner's Policy on the Property to be issued pursuant to the Commitment showing <br />no lien, encumbrance or other restriction other than the Permitted Exceptions; or (ii) an <br />unqualified written commitment from the Title Company to deliver such an Owner's Policy. <br />c. Seller shall deliver to Purchaser an affidavit setting forth Seller's federal tax <br />identification number and certification that it is not a "foreign person" within the meaning <br />of the Internal Revenue Code. <br />d. Seller shall execute such other documents as are reasonably required by <br />the Title Company to effectuate the transaction contemplated herein. <br />e. Possession of the Property shall be delivered to the City on or before the date <br />and time of Closing. <br />11. Obligations of Purchaser at Closing. Purchaser shall deliver the <br />Purchase Price less the amount of the Earnest Money to Seller, subject only to the <br />adjustments set forth in Section 12. Purchaser shalt execute such other documents as <br />are reasonably required by the Title Company to effectuate the transaction contemplated <br />herein. <br />12. Closing Costs. Closing costs and adjustments shall be allocated as <br />follows: <br />a. Seller will pay the cost of the Owner's Policy of Title Insurance to be <br />provided pursuant to the terms of this Contract, one-half of any escrow or other Title <br />Company dosing fees. <br />b. All real property taxes levied against the Property and other regular <br />expenses, if any, affecting the Property shall be paid by Purchaser. <br />8 <br />