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interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980 . ( e ) The Seller and the County shall each deliver to the other such other documents or instruments as may reasonably be required to Close this transaction . (f ) From the $ 352 , 003 . 60 purchase price , the closing agent shall pay $ 7 , 040 . 07 to Paul Himmelrich and Co . , 710 East Hillsboro Boulevard , Deerfield Beach , Florida 33441 and pay the balance of $ 344 , 963 . 53 of the purchase price ( $ 352 , 003 . 60 — $ 7 , 040 . 07 = $ 344 , 963 . 53 ) to Seller . 8 . Taxes . All taxes and special assessments which are a lien upon the property on or prior to the Closing Date ( except current taxes which are not yet due and payable ) shall be paid by the Seller . 9 . Closing Costs ; Expenses , County shall be responsible for preparation of all Closing documents . 9 . 1 County shall pay the following expenses at Closing : 9 , 11 . 1 The cost of recording the warranty deed and any release or satisfaction obtained by Seller pursuant to this Agreement . 9 . 1 . 2 Documentary Stamps required to be affixed to the warranty deed . 9 . 1 . 3 All costs and premiums for the owner' s marketability title insurance commitment and policy , if any . 9 . 1 . 4 Engineering costs incurred by Seller of $ 7 , 000 . The costs shall be paid directly to the engineering firm . 9 . 1 . 5 Attorney ' s fees and costs of $ 26 , 400 . 27 which represents 7 . 5 % of the purchase price . 9 . 2 Seller shall pay the following expenses at or prior to Closing : 9 . 2 . 1 All costs necessary to cure title defect( s ) or encumbrances , other than the Permitted Exceptions , and to satisfy or release of record all existing mortgages , liens or encumbrances upon the Property . 10 , Miscellaneous . 10 . 1 Controlling Law . This Agreement shall be construed and enforced in accordance with the laws of the State of Florida . Venue shall be in Indian River County for all state court matters , and in the Southern District of Florida for all federal court matters . Page 4of6