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without any reduction of the total Purchase Price, or (ii) <br />terminate this Agreement by-written notice to Seller and thereupon <br />have returned all items. <br />SECTION 5. ESCROW AND ESCROW INSTRUCTIONS <br />Within five days after the Effective Date of this Agreement, <br />an escrow account shall be opened, pursuant to this Agreement, with <br />Seaway Title Agency Co. (hereinafter referred to as the "Escrow <br />Agent"), to the attention of Daniel Springate. <br />The Escrow Agent is authorized to attach its Standard <br />Conditions of Acceptance of Escrow hereto; provided, however, that <br />in the event that any conflict exists between the provisions of <br />this Agreement and said Standard Conditions of Acceptance of <br />Escrow, the provisions of this Agreement shall govern. <br />The date of ' the closing of this transacta:on (hereinafter <br />referred to as the "Closing Date"), shall be thirty (30)-days (or <br />the nearest business day thereafter) after the Effective Date of <br />this Agreement, at the offices of the Escrow Agent, at 11:00 a.m., <br />local time. All documents and funds required to be deposited in <br />escrow shall be deposited with the Escrow Agent at least three <br />business days prior to the Closing Date. <br />At the Close of Escrow, the parties shall prorate real estate <br />taxes and assessments. <br />In the event that Escrow Agent shall file the instruments of <br />conveyance and close the escrow in accordance with the terms of <br />this Agreement, the costs and expenses of Closing shall be <br />allocated and charged to the parties as follows: <br />a. The Seller shall pay the following costs and expenses: <br />l. County Auditor's conveyance fees to accompany the <br />filing of the deed for record; and <br />2. The cost of preparing, executing and acknowledging <br />any instruments of conveyance to Buyer; and <br />3. The cost of the Title Guarantee and cost of tne <br />title examination; and <br />4. One-half (1/2) of the escrow fee; and <br />b. The Buyer shall pay the following costs and expenses: <br />1. The cost of recording the warranty deed and mort- <br />gage deed; and <br />2. One-half (1/2) of the escrow fee; and <br />Any other cost or expense not expressly provided for herein- <br />above for any extraordinary service shall be charged to the party <br />-3-