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(b) The Buyer shall: <br />i. Pay to the Seller in full the purchase price as provided hereinabove at <br />paragraph 1. <br />ii. Pay one -half of the Owner's Title Insurance premium and the full premium <br />on any Lender's Policy and/or additional endorsements. <br />iii. Pay for the cost of recording the Warranty Deed. <br />iv. Pay for one -half of the closing agent fee. <br />v. Pay one -half of the cost of the insured closing letter. <br />vi. Pay for its attorney fees. <br />vii. Pay for the cost of the survey. <br />8. RISK OF LOSS. Risk of loss or damage to the property shall, prior to closing, rest upon <br />Seller. If, prior to closing, any structure constituting a part of the property is materially damaged by <br />fire, explosion, or any other cause, Buyer shall require the assignment of the insurance proceeds from <br />Seller to the Buyer: <br />9. MAINTENANCE OF PROPERTY. Seller agrees to maintain the property in the same <br />state and condition as it is at the tine of the execution of this Agreement, until closing, ordinary wear <br />and tear excepted. Buyer shall have the right to inspect the property before closing. <br />10. REPRESENTATIONS AND WARRANTIES OF SELLER. Seller hereby covenants, <br />warrants and represents to Buyer that: <br />(a) Authority. Seller has full right, power and authority to sell, convey and transfer the <br />property to Buyer as provided for herein, and to carry out Seller's obligations <br />hereunder. <br />(b) <br />No Knowledge. Except as shall be disclosed by Seller to Buyer in writing prior to <br />closing of this transaction, Seller has no knowledge of any order or directive of any <br />city, county, state, or federal authority that any work or repair, maintenance or <br />improvement be performed on or upon the property, or of any pending or threatened <br />3 <br />