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ram <br />servicing said Property. <br />Expenses of Closing <br />2.09 The expenses of closing described in this Article shall be paid in the following <br />manner: <br />(1) The cost of securing the Owners Fee Policy of Title Insurance described in <br />Paragraph 2.02 of this Agreement shall be paid by the Seller. <br />(2) The cost of preparing, executing, and acknowledging any deeds or other instru- <br />ments required to convey title to Buyer or his nominees in the manner described in this Agreement <br />shall be paid by Seller. <br />(3) While it is understood by the parties that this transaction is exempt from any <br />conveyance tax, if any tax is imposed on the conveyance of title to said property to Buyer or its <br />nominee, it shall be paid by Seller. <br />(4) Any fee charged by the escrow agent, other than the cost of the Owners Fee Policy <br />of Title Insurance provided for above, shall be paid one -half by the Buyer and one -half by the <br />Seller. <br />ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF PARTIES <br />Warranties of Seller <br />3.01 Seller hereby represents and warrants to Buyer as follows: <br />(1) That it is the owner of the said property in fee simple, that at the Closing, the said <br />property will be free and clear of all liens and encumbrances, except as expressly permitted <br />herein, and that it has full right and authority to convey the said property to Buyer as <br />contemplated hereby; <br />(2) That other than the owners, there are no parties in possession of any part of said <br />rd <br />