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Agent from funds due Sellers: (1) the cost of examination of <br /> title and the premium for the Title Insurance required by this <br /> Agreement; (2) the costs of any conveyance fees and/or real <br /> estate transfer taxes applicable to the Property; (3) the costs <br /> of satisfying any taxes, assessments, liens or encumbrances <br /> required to be discharged by this Agreement; (4) any real estate <br /> commissions required to be paid by Sellers; (5) the amount of <br /> any prorations due Buyer under this Agreement; and (6) one-half <br /> (1/2) of the escrow fee. <br /> <br /> B. Charges Against Buyer. Buyer shall be charged with <br />the following costs to be deducted by the Escrow Agent from <br />funds due buyer, if any, or to be paid by Buyer prior to <br />transfer of title: (1) the costs of the Location Service or <br />Survey; (2) the cost of the special tax search; (3) the costs <br />incident to filing the Deed and any mortgage(s) placed upon the <br />property and (4) one-half (1/2) of the escrow fee. <br /> <br /> C. Other Charge~. Taxes and assessments, both general <br />and special, shall be prorated by the Escrow Agent as of the <br />date of title transfer based on the last available tax <br />duplicate. Sellers shall pay from escrow all utility charges to <br />the date of transfer of title, or the date Sellers vacate the <br />Property, whichever date is later. As per the leases, the <br />tenants are responsible for all gas and electricity consumed by <br /> <br />their respective suites. <br />be deducted from escrow. <br />and fifty (150) dollars <br /> <br /> Any of these unpaid charges will not <br />Escrow agent will withhold one hundred <br /> <br /> for the payment of water and sewer <br /> <br />charges accumulated through sale closing. Upon receipt of a <br />paid invoice, these funds will be released to Sellers. <br /> <br /> 9. This Purchase Agreement <br />following terms and conditions: <br /> <br /> I. Approval <br /> ordinance <br /> <br />is contingent upon the <br /> <br />by City Council by the adoption of an <br /> or resolution authorizing the Mayor to <br /> <br /> <br />