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<br />(a) A Grant Deed to the Property; <br /> <br />(b) All affidavits and forms required by Paraaraoh 10(a) above, in Title <br />Company's standard form; and <br /> <br />(c) Such other documents as Title Company may require and as may be <br />necessary to close the transaction in accordance with the terms of this Agreement. <br /> <br />14. BUYER1S DELIVERY OF DOCUMENTS INTO ESCROW. Prior to the Close of <br />Escrow, Buyer shall deliver the following to Escrow Agent: <br /> <br />(a) The cash balance of the Purchase Price plus additional sums as may be <br />necessary to pay Buyers share of the Closing Costs as set forth below. <br /> <br />(b) Such other documents as Title Company may require and as may be <br />necessary to close the transaction in accordance with the terms of this Agreement. <br /> <br />15. PRORATIONS. The following items shall be prorated as of the Close of Escrow, <br />on the basis of a 360-day year: real property taxes, bonds and assessments (if any); <br />water, sewer and utility charges. Any item to be prorated that is not determined or <br />determinable at the Closing shall be promptly adjusted by the parties by appropriate <br />cash payment outside of Escrow when the amount due has been determined. The <br />provisions of this paragraph shall survive the Close of Escrow. <br /> <br />16. CLOSING COSTS. <br /> <br />(a) Fees of Title Comoany. Any and all costs of Title Company (other than the <br />title insurance premium), including without limitation, escrow fees, recording fees, notary <br />fees and document preparation costs, shall be paid by per custom in the County in <br />which the property is located. <br /> <br />(b) Title Insurance Premium. The premium for the standard coverage CL TA title <br />insurance policy shall be paid by Buyer. The extra premium attributable to an AL T A (as <br />opposed to a CL T A) policy shall be paid by Buyer. The cost of any survey that may be <br />required in order to obtain an AL TA title policy shall be paid by Buyer. <br /> <br />(c) Transfer Tax. Any County transfer tax shall be paid 100% by Seller. Any <br />City transfer tax shall be paid 50% by Buyer and 50% by Seller. <br /> <br />(d) Other. Any other closing costs shall be allocated between Buyer and Seller <br />according to the custom then prevailing in the County in which the Property is located. <br /> <br />17. DESTRUCTION OF PROPERTY. If the Property is materially damaged or <br />destroyed between the date the Buyer and Seller fully execute this Agreement and the <br />Close of Escrow, then the Agreement shall continue in full force and effect and if Buyer <br />has waived all contingencies, proceed to Closing; provided, however, all proceeds of <br /> <br />Page 10 of 16 <br /> <br />C:\Oocuments and Settings\Oell Optiplex GX520\My Documents\Purcha8eAgmt7.6.09redline\PurchUeAgnt.doc <br />