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12/�79/Zel�l� :6.5:59 612=.3C�JSd-14:L4 ) 2i;'�62 vu. oi.� 47 In the event the closing date is changed, the real estate taxes paid shall be adjusted to the new closing date. Seller warrants taxes due and payable in the year 2,004 will be homestead classification.. Proration of real estate Taxes shall be based oil the relative value of the land and the improvements on Seller's larger parcel, with the proration calculated based solely on the portion of taxes which ax- attributable to land. Seller understands, acluiowledges and agrees that, upon approval of a subdivision of Seller's larger parcel, the entire year's real estate taxes on Seller's larger parcel must be paid, and Seller agrees to pay the same not later than the date of closing. SPECIAI. ASSESSMENTS shall be paid as follows Seller shall pay on date of closing all installments of special assessments certified for payment with. the Teal estate taxes due and. payable in the year of closing. Seller shall pay on dare of closing all other special. assessmer-.is levied as of The date of closing. 13uyer shall provide for payment of special assessments pending as of the date of closing for i rprover reals that have been ordered by the City Corurcil or other assessing authorities. (Seller's provision for payment shall be by payrnen.t into escrow of two (2) times the estimated arraount of the assessynonts, or less as required by Buyer's lender), Seller shall pay on date of closing any deferred Teal estate taxes (i.e., Green Acres, ctc.) or special assessments payment of which is required as a result of the closing of this sale. Buyer shall pay real estate taxes due and payable in the yeax following the closing and thereafter and any unpaid special assessments payable therewith and thereafter, the payrrr.ent of which is not otherwise provided.. INSPE,,CTIOiN. Buyer has the right to inspect the property prior to closing. SELLER WARRANT'S THAT PRIOR TO THE CLOSING DATE PAYMENT IN FULL WILL HAVE BEEN MADE FOR ALL LABOR, MATERIALS, MACHINERY, FIXTURES OR TOOLS FURNISHED WITHIN THE 120 DAYS INIMEDIATELY PRECEDING THE CLOSING DATE IN CONNECTION WITH CONSTRUCTION, ALTERATION OR REPAIR OF ANY STRUCTURE ON OR IMPROVEMENT TO THE PROPERTY. SELLER WARRANTS TUAT SELLER HAS NOT RECEIVED A -NY NOTICE FROM ANY GOVERNMENTAL AUTHORITY AS TO VIOLATION OF ANY LAW, ORDINANCE OR REGULATION. IF THE PROPERTY IS SUBJECT TO RESTRICTIVE COVENANTS, SELLER WARRANTS THAT SELLER I1.AS NOT RECEIVED ANY NOTICE PROM ANY PERSON OR AUTHORITY AS TO A BREACH OF THE COVENANTS. ANY• NOTICES RECEIVED BY SELLER WILL BE PROVIDED TO BUYER IMMEDIATELY. RISK OF LOSS: If there is any loss or damage to the property between the elate hereof and the date of closing, for any reason including fire, vandalism, flood earthquake or aet of God, the risk of loss shall be on Seller. If the property is destroyed or substantially damaged before the closing date, tir s Purchase Agreement shall become null and void, at Buyer's option, and eamest