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1445 of the Internal Revenue Code of 1986, as amended; (3) such documentation <br />as is reasonably and customarily required by the 'Title Company to issue the Title <br />Policy in the term required by this Agreement: and (4) such other documents as <br />may be reasonably required to consummate the transaction contemplated hereby. <br />(b) On or prior to the Closing Date, Purchaser shall deposit into escrow the Ibllowing, <br />duly executed and acknowledged where appropriate: ( I ) the sum required pursuant <br />to Section 2.1(b), (2) the conveyance Ice and transfer tax or declaration lbrms <br />required by law, (3) evidence satisfactory to Seller and the Title Company of <br />Purchaser's authority with respect to Purchaser's execution, delivery and <br />performance ol'the terms, covenants and conditions ol'this Agreement. (4) such <br />documentation as is reasonably and customarily required by the Titic Company to <br />issue the Title Policy in the loan required by this Agreement: and (5) such other <br />documents as may be reasonably required to consummate the transaction <br />contemplated hereby. <br />5.3 Prorations/Expenses. Provided all documents and funds have heen deposited in <br />escrow with the Escrow Agent or delivered at Closing as required by this Agreement and the Title <br />Company is in a position upon the filing ol'the Decd lir record to issue the Title Policy as may he <br />provided tier in Section 4. 1. the Closing shall be completed as l'ollows alter making the adjustments <br />and prorations required by this Section 5.3: <br />(a) Seller shall pay: <br />(i) any costs, expenses and/or prorutions specifically to be paid by Seller as <br />provided herein. <br />(b) Purchaser shall pay: <br />(i) the escrow fee, il'any: <br />(ii) the cost ol'recording the Decd; <br />(iii) the title commitment, premium for the issuance ol'the'I'itle Policy and any <br />endorsements thereto, and the cost of all charges and expenses associated <br />with the issuance ol'title insurance to any lender to Purchaser: and <br />(iv) all costs associated with Purchaser's Inspections (as hereinafter defined) of <br />the Property; <br />(v) All costs associated with the Plat and subdivision ol'the Properly Itom the <br />Master Parcel: and <br />(vi) any other costs, expenses and/or proralions to be paid by Purchaser as <br />provided herein. <br />(c) All real estate taxes and assessments both general and special shall be prorated <br />between the parties as ol'the Closing based on the current bill (or. if not available, <br />