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01-24-2007 Additions
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01-24-2007 Additions
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11/9/2011 1:11:09 PM
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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 />any reasonable and customary closing fee or charge <br />imposed by any closing agent designated by the Title <br />Company. <br />(b) Deed Tax. Seller shall pay all state deed tax <br />regarding the Warranty Deed to be delivered by Seller <br />under this Agreement. <br />(c) Real Estate Taxes and Special Assessments. Seller will <br />pay on or before the Closing Date, all special <br />assessments levied, pending, or constituting a lien <br />against the Real Property as of the Closing Date <br />including without limitation any installments of <br />special assessments including interest payable with <br />general real estate taxes in the year of Closing, with <br />the exception of any special assessments associated <br />with the planned reconstruction of Viking Drive by the <br />City of Little Canada that is scheduled to occur in <br />2007. General real estate taxes and installments of <br />6 <br />-10- <br />
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