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2016-010 Council Ordinances
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2016-010 Council Ordinances
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8/15/2017 3:14:27 PM
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8/11/2017 10:19:52 AM
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City Council
Council Document Type
Ordinances
Meeting Date
09/12/2016
Council Meeting Type
Regular
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1. Seller's portion of the prorated property taxes. <br />2. Seller's own attorney's fees. <br />3. One-half the cost of any closing fees. <br />4. State deed tax. <br />5. The cost of providing Title Commitment as prescribed in Section <br />6. <br />6. The cost of providing the April 1, 2016, survey. <br />ii. At Closing Buyer must pay the Purchase Price to Seller and the following <br />costs and expenses: <br />1. Buyer's portion of prorated property taxes. <br />2. Buyer's own attorney's fees. <br />3. Documentary and recording fees for the deed(s). <br />4. One-half the cost of any closing fees. <br />5. The cost of the owner's title insurance policy if Buyer elects to <br />purchase an Owner's title insurance policy. <br />d. Possession. Seller must deliver possession of the Property to Buyer at Closing. <br />15. REAL ESTATE BROKERS. Seller and Buyer represent and warrant to each other that <br />they have dealt with no brokers, real estate agents, finders or the like in connection with <br />this transaction. Seller and Buyer agree to indemnify each other and to hold each other <br />harmless against all claims, damages, costs or expenses of or for any broker's fees or <br />commissions resulting for their actions or agreements regarding the execution or <br />performance of this Agreement, other than the fees payable to Seller's Broker, and will <br />pay all costs of defending any action or lawsuit brought to recover any such fees or <br />commissions incurred by the other party, including reasonable attorney's fees. <br />16. ASSIGNMENT. This Agreement may not be assigned without the written consent of <br />the non -assigning Party. <br />17. THIRD PARTY BENEFICIARY. There are no third party beneficiaries of this <br />Agreement, intended or otherwise. <br />18. JOINT VENTURE. Seller and Buyer, by entering into this Agreement and completing <br />the transactions described herein, shall not be considered joint venturers or partners. <br />19. CAPTIONS. The paragraph headings or captions appearing in this Agreement are for <br />convenience only, are not a part of this Agreement, and are not to be considered in <br />interpreting this Agreement. <br />20. ENTIRE AGREEMENT / MODIFICATION. This written Agreement, and the related <br />Development Agreement, if any, constitutes the complete agreement between the parties <br />and supersedes any prior oral or written agreements between the parties regarding the <br />6 <br />
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