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8. PRORATIONS, CHARGES AND CREDITS. <br /> <br /> A. Charges Against Seller. Seller shall be charged <br />with the following costs, to be deducted by the Escrow Agent <br />from funds due Seller: (1) the cost of examination of title and <br />the premium for the Title Insurance required by this Agreement; <br />(2) the costs of any conveyance fees and/or real estate transfer <br />taxes applicable to the Property; (3) the costs of satisfying <br />any taxes, assessments, liens or encumbrances required to be <br />discharged by this Agreement; (4) any real estate commissions <br />required to be paid by Seller; (5) the amount of any prorations <br />due Buyer under this Agreement; and (6) one-half (1/2) of the <br />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 Charges. 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. Seller shall pay all utility charges to the date of <br />transfer of title, or the date Seller vacates the Property, <br />whichever date is later. Seller may do so outside escrow and <br />provide an acceptable receipt to Buyer. <br /> <br /> 9. This Purchase Agreement is contingent upon the <br />following terms and conditions: <br /> <br />Approval by City Council by the adoption of an <br />ordinance or resolution authorizing the Mayor to <br />sign this Agreement on behalf of the City of <br />Lakewood. If such approval is not granted by the <br /> <br /> <br />