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7. Closing. <br />7.1 Time for Closing. The sale shall be closed in the office of Rainier <br />Title, 2722 Colby Ave., Ste. 125, Everett, WA 98201 ("Closing Agent") ten (10) business <br />days after the Effective Date; or such other date as Seller's real property manager and <br />Buyer may agree in writing. At least one (1) business day prior to closing, Buyer and <br />Seller shall deposit in escrow with Closing Agent all instruments, documents and monies <br />necessary to complete the sale in accordance with this Agreement. As used herein, <br />"closing" or "date of closing" or "Closing Date" means the date on which all appropriate <br />documents are recorded and proceeds of sale are available for disbursement to Seller. <br />If closing does not occur on or before sixty (60) days after the Effective Date, or any later <br />date mutually agreed to in writing by the Seller's real property manager and Buyer, <br />Closing Agent shall immediately terminate the escrow, forward the Deposit to the party <br />entitled to receive it as provided in this Agreement and return all documents to the party <br />that deposited them. <br />7.2 Seller's Escrow Deposits. On or before the Closing Date, Seller <br />shall deposit into escrow the following: <br />a) the duly executed and acknowledged Deed; <br />b) a duly executed and completed Real Estate Excise Tax <br />affidavit; <br />c) a nonforeign affidavit pursuant to Section 1445 of the <br />Internal Revenue Code <br />d) any other documents, instruments, records, <br />correspondence and agreements Seller is obligated under <br />this Agreement to provide that have not been previously <br />delivered; <br />e) any other documents that may be reasonably required by <br />Buyer or the Title Company or Closing Agent to close this <br />transaction, duly executed (provided however, no such <br />additional document shall expand any obligation, covenant, <br />representation, or warranty of Seller or result in any new or <br />additional obligation, covenant, representation, or warranty <br />of Seller under this Agreement beyond those already set <br />forth in this Agreement). <br />f) keys to the Property, if any. <br />7.3 Buyer's Escrow Deposits. On or before the Closing Date, Buyer <br />shall deposit into escrow the following: <br />a) cash in an amount sufficient to pay the Purchase Price, plus <br />Buyer's share of closing costs; <br />5 <br />38 <br />