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Book : 3758 Rage : 1�� <br /> (vi) Surve : Delivery of a plat of survey of the Premises by a land <br /> surveyor licensed in Illinois (to be selected by Developer) with an <br /> accurate legal description for purpose of preparing and recording a Deed I <br /> to convey the Pren�ises to Developer as a single tract. The survey shall <br /> show that there are no encroachments of buildings or other <br /> improvements from adjoining properties and the location of all <br /> easements affecting the Premises. . The Developer shall pay the land <br /> surveyor's fee to prepare the plat of survey. <br /> (vii) Authorizing Ordinance: Delivery of duly adopted authorizing <br /> ordinances and resolutions by Municipality's City Council authorizing <br /> the Municipality to execute this Agreement including the Note (in the <br /> form attached hereto as Exhibit B), and as otherwise necessary to <br /> effectuate the terms and conditions of this Agreement. <br /> 4. Develo�er's Deliveries. At the Closing, Developer shall deliver to Municipality <br /> the Purchase Price, subject to any adjustments provided by this Agreement. <br /> Payment shall be in cash, by federal wire transfer or by cashiers or certified <br /> check. <br /> 5. Possession, Risk of Loss. Possession of the Premises shall be delivered to <br /> Developer at time of Closing. Risk of loss to said Preinises and improvements <br /> thereon prior to Closing shall remain with Municipaliry. <br /> D. CLOSING COSTS. <br /> 1. Municipality's Closing, Costs. Municipaliry shall pay: (i) any transfer taxes, <br /> including any taxes on the Deed, any documentary fees, transfer fees or taxes, <br /> and sales taxes, including any taxes on the Deed, for preparation of deed, release <br /> of any existing mortgages and liens, (ii) the premium for the Title Insurance <br /> Policy except buyer's search, and(iii) one-half of any Closing or escrow fee. <br /> 2. Developer's Closin�Costs. Developer shall pay (i)buyer's title search fee (ii) <br /> recording fees for the Deed, and (iii) one-half of any Closing or escrow fee. <br /> 3. Other Costs and Expenses. Any other costs and charges in connection with the <br /> Closing shall be allocated between Developer and Municipality, as is customary <br /> in the local area of the Premises. <br /> E. TAXES AND ASSESSMENTS. At or before Closing Municipality shall pay all real <br /> estate taxes and installments of special assessments for which bills have issued and shall <br /> deliver proof of same. All real estate taxes and installments of special assessments which <br /> are a lien on the Premises but for which bills have not issued shall be prarated at Closing <br /> based upon the latest available information. <br /> F. CONDITIONS PRECEDENT AND RELATED COVENANTS. Developer's obligations <br /> to pay the Purchase Price and close all transactions pursuant to this Agreement are <br /> subject to the following occurring no later than the specified dates, or where no date is <br /> specified, no later than Closing. Should the following not occur, the Developer may <br /> ternlinate this Agreement and thereby have no further obligations under this Agreement: <br /> RDLLC 20060926 vl 4 <br />