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• C-] u SECTION 11. gEVIFW FOR CLOSING Seller and Purchaser will approve or provide reasonable comments to all closing documentation to be provided under this Agreement as l soon as practicable after receipt. SECTION 12. EXPEM5 Seller shall pay the documentary revenue stamp tax and all other taxes or costs associated with the conveyance, excluding the recording tees to record the deed required by Section 9 of this Agreement, and Seller shall pay the costs of recording any other recordable instruments which are necessary to assure good and marketable title to tate Property. Purchaser shall pay the recording fees to record the deed required in Section 9 of this Agreement. SECTION 13. TAXES AND ASSESSMENTS All real estate taxes and assessments which are or which may become a lien against the Property shall be satisfied of record by Seller at closing. In the event the Purchaser acquires fee title to the Property between January 1 and November 1, Seller shall, in accordance with Section 196.295, Florida Statutes, place in escrow with the county tax collector an amount equal to the current taxes prorated to the date of transfer, based upon the current assessment and millage rates of the Property and based on payment on November 1. In the event the Purchaser acquires fee title to the Property on or after November 1, I Seller shall pay to tate county tax collector an amount equal to the taxes that are determined to be legally due and payable by the county tax collector. However, Seiler shall be obligated to pay all personal property taxes for the year in which closing occurs. 4 SECTION 14. The closing shall be on ' or before March 31, 2001, unless extended by mutual agreement of the Seller and Purchaser or the ` express provisions of this Agreement. The date, time and place of closing shall be set by Purchaser to coordinate with the closing on the issue of revenue bonds to be issued by the County to finance tite Purchase Price.. SECTION 15. RISK OF LOSS AND CONDITION OFR .AL. PROPER Seller assumes all risk of loss or damage to the Property prior to the date of closing and covenants " that the Property shall be transferred and conveyed to Purchaser in the same or essentially the same condition as of the date of Seller's execution of this Agreement, ordinary wear and tear excepted. i In the event that between the date of this Agreement is executed by Seller and the date of closing the condition of the Property, as it existed on the date this Agreement is executed by Seller, is altered by an act of God or other natural force beyond the control of Seller or by fire or other casualty, k Purchaser shall not have the right to terminate its obligations under this Agreement by reason thereof, but the insurance proceeds paid or payable to Seller on account thereof, and the amount of all applicable deductibles, shall be deemed to be part of the fiinds available for the Improvements i.