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claiming by, though, or under Buyer shall have any claim for specific performance, damages or <br /> otherwise against Indian River County as Seller; or (ii) obtain specific performance of the terms <br /> and conditions hereof; or (iii) waive Seller's default and proceed to Closing: <br /> 7. Closing. <br /> 7.1 The closing of the transaction contemplated herein ("Closing" or "Closing Date") <br /> shall take place within sixty(60) days following the Effective Date of this Agreement. The parties <br /> agree that the Closing shall be as follows: <br /> (a) Indian River County as Seller shall execute and deliver to Buyer a County deed <br /> conveying marketable title to the Property as required by Paragraph 3 of this Agreement. <br /> (b) Buyer and Seller acknowledge and agree that Buyer is currently in possession of the <br /> Property under the terms of the Lease, and the delivery of unencumbered possession of the <br /> Property to Buyer shall be accomplished by the delivery and recordation of: (i)the County deed <br /> as set forth in this Agreement in the public records of Indian River Count, Florida; and (ii) the <br /> Indian River County Board of County Commissioners resolution required by Florida Statutes <br /> section 125.38 in the Indian River County Board of County Commissioners Records Books kept by <br /> the Clerk of the Circuit Court. <br /> (c) Buyer and Seller shall each deliver to the other such other documents or instruments <br /> as may reasonably be required to close this transaction. <br /> 8. Closing Costs: Expenses. <br /> 8.1. Seller shall prepare the County deed and resolution required in Paragraph 7.1 of this <br /> Agreement. <br /> 8.2 Buyer shall pay the following expenses at Closing: <br /> 8.2.1 The cost of recording the County deed, together with payment of all documentary <br /> stamps required to be affixed to the County deed; <br /> 8.2.2. All documentary stamps, any other taxes and surcharges, and all recording fees <br /> associated with the recordation of any note and mortgage obtained by Buyer; all recording fees on <br /> any financing statements associated with any financing obtained by Buyer; any and ail loan <br /> expenses incurred by Buyer in connection with the transaction contemplated in this Agreement.; <br /> and all title insurance premium and endorsement costs associated with any lender's title policy and <br /> owner's title policy for the Property. <br /> 8.2.3. All taxes and special assessments which are a lien upon the property on or prior to <br /> the Closing Date(except current taxes which are not yet due and payable)shall be paid by Buyer. <br /> 8.3 Seller and Buyer shall each pay their own attorneys'fees, if any, in connection with <br /> the transaction contemplated in this Agreement. <br /> 9. Miscellaneous. <br /> 3 <br />