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utilities servicing the Property. Further, because it is anticipated that Buyer will enter into a new <br />lease with said tenant which will commence on the same date as the termination of Seller's lease <br />with the tenant, there shall be no proration of rents in this transaction. <br />Expenses of Closing <br />2.7 The expenses of closing described in this Article shall be paid in the following <br />manner: <br />(1) One-half the cost of securing the Owner's Fee Policy of Title Insurance described <br />in Paragraph 2.02 of tlus Agreement shall be paid by Seller, and one-half shall be paid by <br />Buyer. <br />(2) The cost of preparing, executing and ackriowledging any deeds or other <br />instruments required to convey title to Buyer or its nominees in the manner described in this <br />Agreement 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 the Property to Buyer or <br />its nominee, it shall be paid by Buyer. <br />(4) Any escrow fee charged by the escrow agent, in addition to the cost of the <br />Owner's Fee Policy of Title Insurance required by this Agreement, shall be paid one-half by <br />Buyer and one-half by Seller. <br />7/31/01 (#1) -4-