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<br />9 <br />Property is that the following be done at Seller's expense: (1) <br />any such material or substance located on the Property be <br />removed; (2) other found contaminants be removed from the <br />Property, (3) that a copy of a certificate demonstrating removal <br />and clean-up be provided to Orange County, c/o Pamela Janes, <br />Director of Purchasing and Central Services, 132 E. King Street, <br />Hillsborough, North Carolina 27278, as soon as the certificate is <br />available and (4) that the original of the certificate be <br />provided to Buyer at the closing. <br />(5) In the event that Buyer elects not to close on <br />this transaction, the Buyer shall give Seller a copy of the Phase <br />I Environmental Assessment Report at no cost to Seller. <br />(g) Re resentations Warranties. A11 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. <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 Seller for the entire year of the closing. Seller shall pay <br />6 <br />