Purchase and Sale Agreement FULLY EXECUTED 8-7-18

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8.5. Purchaser's Deliveries at Closin :At Closing, Purchaser shall deliver to Seller (i) the remainder of the Purchase price, subject to proration and adjustment, as provided herein; (ii) the Closing Statement, executed by Purchaser; and (iii) any and all further instruments which Seller or the Title Company shall request of Purchaser in order to meet requirements of the Commitment or to otherwise effect the conveyance of the Property as contemplated in this Agreement. 8.6. Closing Costs. The Closing costs of this transaction shall be allocated as follows: PURCHASEREXP ESELLER Seller's attorney's fees if any X X Purchaser's attorney's fees if an Premium due for Standard Policy of Title Insurance X X Premium due for Extended Policy of Title Insurance Survey. if re uired Real Estate Excise Tax X Recordin fees to clear/un-encumbet title X X Recordina feeds for deed '/z Title Coml)any closing- or escrow charges '/ 9. Corm of Conveyance: Title shall be conveyed by Statutory Warranty Deed free of encumbrances or defects except those otherwise noted herein. The Statutory Warranty Deed shall be prepared by Seller. 10. Possession: Seller shall deliver possession of the Property to Purchaser at Closing. 11. Seller's Representations, Warranties and Covenants. Sellers represent and warrant to Purchaser that, as of the date of this Agreement and as of the Closing Date, the following statements are true and correct: 11.1 Authori1y. Sellers have full right, title, authority and capacity to execute and perform this Agreement and to consummate all of the transactions contemplated herein, and the individuals who on Sellers' behalf executes and delivers this Agreement and all documents to be delivered to Purchaser hereunder are and shall be duly authorized to do so. 11.2 Litigation. There are no actions, suits, proceedings or litigation pending or to the best of Sellers' knowledge threatened against Sellers before any court or administrative agency which might result in Sellers being unable to consummate this transaction, or which relates to the Property (including relating to the presence of hazardous substances or materials on the Property) or Sellers' ability to transfer the Property. 11.3 Title. Sellers are the sole owners of the Property and have good and marketable title thereto. 11.4 Governmental Actions. Sellers have made no request or application for, and to the best of Sellers' knowledge, there are no proceedings to alter or restrict the current zoning or other use restrictions applicable to the Property. 11.5 Taxes. Sellers have paid all local, state and federal taxes and assessments attributable to the period prior to the Closing Date which, if not paid, would constitute a lien on the Property. 11.6 Licenses and Permits. To the best of Sellers' knowledge, all licenses, approvals, permits and certificates from governmental and quasi -governmental agencies or private parties necessary for the ~,use and operation of the Property by Sellers as it is currently being used and operated are currently possessed by Sellers. Page 5 of 14 INITIALS: Seller: "-� k W /Date: V-6 'I Purchaser-. i /Date: , t '' Seller:--S—i^ 6~!