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01-10-2007 Additions
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01-10-2007 Additions
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11/9/2011 1:04:15 PM
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11/9/2011 1:03:27 PM
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(6) Owner's Duplicate Certificate of Title. The <br />Owner's Duplicate Certificate of Title, if any, <br />regarding the Real Property. <br />(7) IRS Form. A Designation Agreement designating the <br />"reporting person" for purposes of completing <br />Internal Revenue Form 1099. <br />(8) Well Certificate. A Certificate signed by Seller <br />warranting that there are no "Wells" on the <br />Property, or if there are "Wells ", a Well <br />Certificate in the form required by law. <br />(9) Other Documents. All other documents reasonably <br />determined by Buyer to be necessary to transfer <br />the Property to Buyer free and clear of all <br />encumbrances. <br />B. Buyer's Closing Documents. On the Closing Date, Buyer <br />will execute and /or deliver to Seller the following <br />(collectively "Buyer's Closing Documents "): <br />(1) Purchase Price. The Purchase Price by Buyer's <br />check. <br />(2) Title Documents. Such affidavits of Purchaser, <br />Certificate of Real Estate Value or other <br />documents as may be reasonably required by the <br />Title Company in order to record the Seller's <br />Closing Documents and issue the Title Insurance <br />Policy required by this Agreement. <br />5. Prorations. Seller and Buyer agree to the following <br />prorations and allocation of costs regarding this Agreement: <br />(a) Title Insurance and Closing Fee. Seller will pay all <br />costs of Title Evidence, and the fees charged by Title <br />for any escrow regarding Buyer's Objections. Buyer <br />will pay all premiums required for the issuance of an <br />ALTA Owner's Title Insurance Policy, (unless Seller <br />fails to provide an Abstract or Registered Property <br />Abstract). Seller and Buyer will each pay one -half of <br />-13- <br />
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