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and incorporated herein by reference. Furthermore, SELLER and BUYER shall provide to the <br />escrow agent additional instructions on the distribution of proceeds at settlement. <br />10. TITLE GUARANTY. SELLER shall furnish to BUYER, at SELLER'S expense, <br />a title guaranty to be issued by Chicago Title. The Title Guaranty shall be in the amount of the <br />purchase price of the property, and is to be furnished as soon as possible prior to Closing for <br />examination by BUYER. SELLER shall be given written notice within two (2) days after receipt <br />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 <br />defect in title which cannot be corrected, but if such defect is not remedied prior to the Closing, <br />either 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 />11. PROBATIONS, CHARGES, AND CREDITS. <br />A. BUYER. BUYER shall be charged with the following costs, to be deducted <br />by the escrow agent from funds due BUYER, if any, or to be paid by BUYER prior <br />to transfer of title: <br />1. The cost of the location service or survey, including surveying and preparing <br />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 and <br />Title Guaranty; <br />4. The costs incident to filing the deed and any mortgage(s) placed upon the <br />property; <br />5. The costs incident to the obtaining of financing, if any; <br />6. One Hundred Percent (100%) of the escrow fee; and <br />7. Preparation of the Deed. <br />-4- <br />