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Earnest Money to Seller. <br />2. Duties after Termination. If this contract is terminated, Buyer will promptly return <br />to Seller all documents relating to the Property that Seller has delivered to Buyer and all copies <br />that Buyer has made of the documents. After return of the documents and copies, neither party <br />will have further duties or obligations to the other under this contract, except for those <br />obligations that cannot be or were not performed before termination of this contract and those <br />obligations that survive termination under the express terms of this contract. <br />K. Closing <br />1. Closing. This transaction will close at Title Company's offices at the Closing Date <br />and Closing Time. At closing, the following will occur: <br />a. Closing Documents. The parties will execute and deliver the Closing <br />Documents. <br />b. Payment of Purchase Price. Buyer will deliver the Purchase Price and <br />other amounts that Buyer is obligated to pay under this contract to Title <br />Company in funds acceptable to Title Company. The Earnest Money will <br />be applied to the Purchase Price. <br />C. Disbursement of Funds; Recording; Copies. Title Company will be <br />instructed to disburse the Purchase Price and other funds in accordance <br />with this contract, record the deed and the other Closing Documents <br />directed to be recorded, and distribute documents and copies in accordance <br />with the parties' written instructions. <br />d. Delivery of Originals. Seller will deliver to Buyer the originals of Seller's <br />Records. <br />e. Possession. Seller will deliver possession of the Property to Buyer, subject <br />to the Permitted Exceptions existing at closing. <br />Transaction Costs <br />a. Seller's Costs. Seller will pay the basic charge for the Title Policy; one- <br />half of the escrow fee charged by the 'Title Company; the costs to obtain, <br />deliver, and record releases of all liens to be released at closing; the costs <br />to record all documents to cure Title Objections agreed to be cured by <br />Seller; certificates or reports of ad valorem taxes and Seller's expenses and <br />attorney's fees. <br />b. Buyer's Costs. Buyer will pay one-half of the escrow fee charged by Title <br />Company; the costs to obtain, deliver, and record all documents other than <br />