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(f) Representations/Warranties. All representations and warranties contained in this <br /> Agreement are true and correct as of the date of execution of this Agreement and will be true as <br /> of the Closing Date and shall survive Closing and execution and delivery of the First Deed of <br /> Easement and Second Deed of Easement and shall not be merged therein. <br /> 7. SETTLEMENT CHARGES: <br /> (a) Buyer shall pay for the preparation of the First Deed of Easement and the Second <br /> Deed of Easement. Seven Mile Farm shall pay for the excise tax required by law. <br /> (b) Buyer shall pay for recording the First Deed of Easement and the Second Deed of <br /> Easement. <br /> (c) At Closing a calculation shall be made to <br /> (i) pro rated current year ad valorem taxes (based on present use valuation) <br /> on the First and Second Easement Areas, and <br /> (ii) determine the amount of deferred and current year taxes assessed at other <br /> than present use valuation against the Second Easement Area in respect of <br /> the conveyance of the Second Easement. <br /> Seven Mile Farm shall pay the amount of current year ad valorem tax that would ordinarily be <br /> paid by a buyer of real property at the present use valuation where the current year ad valorem <br /> tax is prorated to the date of Closing. Seven Mile Farm shall also pay all deferred taxes assessed <br /> in respect of the conveyance of the Second Easement as well as any current year tax assessed at <br /> other than present use valuation. An amount of money equal to the prorated amount for current <br /> year ad valorem taxes at the present use valuation that would have ordinarily been paid by a <br /> buyer and the amount of any deferred taxes assessed in respect to the conveyance of the Second <br /> Easement as well as any current year tax assessed at other than present use valuation shall be <br /> added to the purchase price to be paid for the Second Easement under Article A, Section 1. <br /> (d) Each party shall pay its own attorney's fees in connection with this Agreement, <br /> the First Deed of Easement and the Second Deed of Easement. <br />