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. . SELLER may cancel escrow. In such event, the Escrow Holder shall remit to SELLER all escrow payments made by BUYER, except an amount equal to the escrow and title cancellation fees, if any, which shall be retained by the Escrow Holder. SELLER shall disburse this remittance in accordance with the Clause (LIQUIDATED DAMAGES). '" ~ 5 The Purchase Deposit paid by BUYER shall constitute a portion of the purchase price with the balance paid 7 through escrow. 9 2. FINANCING (S) 11 All costs for financing, including new loans and/or purchase related costs, will be at the expense of BUYER. This agreement is not contingent upon BUYER obtaining funds and/or borrowing to complete this purchase. 13 unless specifically approved by SELLER. 15 3. BUYER'S COSTS (S) 17 BUYER shall pay all costs in connection with the purchase of the property. Such costs may include, but shall not be limited to, escrow fees, title insurance policy fees, docwnentary transfer tax, recording fees, and 19 preliminary change of omlership fees. 21 If all conditions of this agreement are met by SELLER, but BUYER does not complete the purchase, BUYER will also be responsible for payment of all cancellation fees, if any. ..,'" .;.~ 4. SELLER'S COSTS (S) ..,- -) SELLER shall pay no costs in connection with BUYER's purchase of the property. 27 5. DELIVERY OF DOCUMENTSIFUNDS (N) 29 SELLER shall deliver to escrow a Grant Deed, in the form attached hereto as Exhibit D, and such other 31 documents as are required to transfer title to the property. 33 Prior to the date set for close of escrow and when so instructed by the Escrow Holder, BUYER shall deliver to escrow: ., - .)) A. The balance of the purchase price due, and; 37 B. An amount sufficient to pay for all closing costs, as calculated by the Escrow Holder. 39 All payments specified above shall be by cash, cashier's check or wire transfer such that the Escrow Holder 41 can disburse cash proceeds accrued to SELLER at close of escrow. 4, 6. TITLE INSURANCE (S) 45 There shall be no policy of title insurance provided by SELLER in connection with BUYER's purchase of the property. BUYER may obtain a policy of title insurance for this purchase at BUYER's sole cost and -+ 7 expense. BUYER may elect to obtain such policy by instructing the Escrow Holde.r to order same and by paying an amount equal to the title insurance policy cancellation fee, as determined by the escrow Holder, at 49 CEO'Clf\. of SA.iJ'utdwc Afncmcnl CEQ roCEO-OJ.<lO' Page 2 of7 J.:anu.1" 1~.11.'1 FolTCSZ Pau.l Pan. Pu~tw.I: A"rccmeal