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of such report by Buyer of any defect in title requiring correction, and shall undertake to make <br />such corrections immediately. Seller shall not be liable for any damages by reason of any defect <br />in title which cannot be corrected, but if such defect is not remedied prior to closing, either party <br />may terminate this contract on notice and any deposit shall be refunded to Buyer, releasing both <br />parties from further obligations and liability hereunder. <br />11. PROBATIONS, CIIARGES, AND CREDITS. <br />A. Buyer. Buyer shall be charged with the following costs, to be deducted by the <br />escrow agent from funds due Buyer, if any, or to be paid by Buyer prior to <br />transfer of title: <br />The cost of the location service or survey, including surveying and <br />preparing the legal description; <br />2. The cost of any special tax search; <br />3. The difference between the cost of any Owner's Policy of Title Insurance <br />and Title Guaranty; <br />4. The costs incident to filing the deed and any mortgage(s) placed upon the <br />property; <br />S.The costs incident to the obtaining of financing, if any; and <br />6. One half (1/2) of the escrow fee. <br />B. Seller. Seller shall be charged with the following costs, prior to transfer of title: <br />l.The cost for a Title Guaranty in the amount of the purchase price; <br />2.The amount of any prorations due Buyer under this.Agreement; <br />3.The cost of any conveyances and/or real estate transfer taxes applicable to <br />the property; <br />4.The costs of satisfying any taxes, assessments, liens or encumbrances <br />required to be discharged by this Agreement, if any; <br />S.Preparation of the deed; <br />-5- <br />