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K. Closing <br />1. Closing. This transaction will close at Title Company's offices at the Closing <br />Date 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 <br />accordance 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 />2. Transaction Costs <br />a. Seller's Costs. Seller will pay the basic charge for the Title Policy, <br />excluding the cost of modifying the survey exceptions and any <br />endorsements; one -half of the escrow fee charged by the Title Company; <br />the costs to obtain, deliver, and record releases of all liens to be released at <br />closing; the costs to record all documents to cure Title Objections agreed <br />to be cured by Seller; certificates or reports of ad valorem taxes and <br />Seller's expenses and 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 />those to be recorded at Seller's expense; Title Company's inspection fee to <br />delete from the Title Policy the customary exception for parties in <br />possession; the costs to obtain the Survey; the costs to deliver copies of <br />the instruments described in section A.5; the additional premium for the <br />"survey /area and boundary deletion" in the Title Policy, if the deletion is <br />requested by Buyer; the costs of work required by Buyer to have the <br />survey reflect matters other than those required under this contract; the <br />costs to obtain financing of the Purchase Price, including the incremental <br />