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c. Recording Costs. Buyer will pay the cost of recording the Deed. Seller shall pay <br />the cost of recording any documents necessary to perfect its own title. <br />d. Other Costs. All other operating costs of the Real Property will be allocated <br />between Seller and Buyer as of the Closing Date, so that Seller pays that part of <br />such other operating costs accruing on or before the Closing Date, and Buyer pays <br />that part of such operating costs accruing after the Closing Date. <br />e. Attorneys' Fees. Each of the parties will pay its own attorneys', accountants' <br />and consultants' fees. <br />8. TITLE EXAMINATION. <br />a. The Delivery of the Title Commitment. Buyer may obtain, at its option and <br />expense, a commitment for an owner's policy of title insurance. Buyer shall pay <br />all costs associated with obtaining title insurance including, but not limited to, <br />updating of the abstract or obtaining a new abstract of title for the Real Property, <br />title insurance premiums and title examination fees (hereinafter the "Title <br />Commitment"), issued by a Title Insurance Company authorized to do business in <br />the State of Minnesota and approved by Buyer (hereinafter the "Title Company"). <br />The Title Commitment shall be based upon the description of the Real Property <br />provided herein and shall show fee title in the Seller, subject only to the permitted <br />encumbrances waived in writing by Buyer, and shall provide for extended <br />coverage risks and include special endorsements for zoning, contiguity and such <br />other matters as Buyer may request. <br />b. The Making and Curing of Title Objections. Buyer shall be allowed fifteen <br />(15) days after receipt of the Title Commitment in which to make objections to <br />the content of the commitment, said objections to be made in writing. If there are <br />any objections to the title which are not remedied by the Closing Date, the Seller <br />shall have sixty (60) days from the date of receipt of said written objections in <br />which to remedy said objections. <br />c. The Consequences of Failing to Cure Title Objections. If said objections are <br />not remedied within sixty (60) days from the date of Seller's receipt of said <br />objections, then Buyer shall have the following two alternatives: <br />i. Buyer may accept title to said Real Property subject to said objections; or <br />I Buyer may declare this entire transaction to be null and void. <br />9. ENTIRE AGREEMENT; MODIFICATION. This written Agreement constitutes the <br />complete agreement between the Parties and supersedes any prior oral or written <br />agreements between the Parties regarding the Real Property. There are no verbal <br />agreements that change this Agreement and no waiver of any of its terms will be effective <br />unless in writing executed by the Parties. <br />