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(5) Seller's obligations under this subsection (f) <br />shall continue in full effect notwithstanding receipt of the <br />Required Payments or foreclosure under the deed of trust or <br />delivery of a deed in lieu of foreclosure. <br />(g) Representations /Warranties. All representations and <br />warranties contained in this Agreement are true and correct as of <br />the date of execution of this Agreement and will be true as of <br />the Closing Date and shall survive Closing and execution of the <br />Deed and shall not be merged therein. <br />4. SETTLEMENT CHARGES: <br />(a) Seller shall pay for the preparation of a deed, for the <br />preparation and recording of all documents necessary to convey <br />marketable fee simple title free of liens and encumbrances, and <br />for the excise tax required by law. <br />(b) Buyer shall pay for recording the deed. <br />(c) Ad valorem taxes on the Property, if any, shall be <br />prorated on a calendar year basis to the date of closing. Seller <br />shall pay any Orange County ad valorem taxes on personal property <br />of Sellers for the entire year of the closing. Seller shall pay <br />all deferred taxes and any tax penalties including late listing <br />penalties. <br />(d) Buyer shall pay for the entire cost of the survey of <br />the Property and all other closing costs other than those <br />associated with environmental cleanup, if necessary, as provided <br />in paragraph 3(f). <br />7 <br />