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party may terminate this contract on notice and any deposit shall be refunded to Buyer, <br />releasing both parties from further obligations and liability hereunder. <br />8. AS IS. Buyer hereby acknowledges that he has examined the <br />property and accepts it in an "as is" condition, and that there are no representations or <br />warranties made by either party other than what is contained in this document. Any <br />representations herein shall survive the filing of the deed for record. No modification of <br />this Agreement may be made unless in writing and signed by both parties. <br />9. ESCROW PROCEDURE. All documents and funds and/or financial <br />commitments for fuhds necessary to complete this transaction shall be ,placed in <br />escrow with the title company in sufficient time to permit transfer of title on the date set <br />forth for closing. This Agreement shall be considered by the escrow agent as escrow. <br />instructions, but shall be subject to the escrow agent's standard conditions of escrow <br />acceptance where not inconsistent herewith, and which conditions of escrow shall be <br />made a part hereof and incorporated herein by reference.. <br />10. TITLE TRANSFER. Title will transfer to Buyer by the recording of the <br />deed on or about June 18, 1999, unless the parties agree to a mutually satisfactory <br />date in writing. <br />11. PROBATIONS, CHARGES, AND CREDITS. <br />(A) Charges Against Sellers. Sellers shall be charged with the <br />following costs, to be deducted by the escrow agent from funds due <br />Seller: <br />(1) The cost for a title guaranty in the amount of the <br />purchase price; <br />5 <br />