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05-91 Purchase 1424-26 Victoria Ave
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05-91 Purchase 1424-26 Victoria Ave
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Last modified
5/14/2013 3:06:27 PM
Creation date
9/5/2003 9:38:07 AM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
1/7/1991
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warrants and represents that no <br />person or entity from the Sellers <br />and hold harmless the Buyer <br />commissions of any sort. <br /> <br />charged <br /> <br />such commissions are due any <br /> <br /> and'agree to indemnify, save <br />from any claims for sales <br /> <br />8. PRORATIONS, CHARGES AND CREDITS. <br /> <br /> A. Charges Against Sellers. Sellers shall be <br />with the following costs, to be deducted by the Escrow <br /> <br />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 /> B. Charges Against Buyer. Buyer shall be charged <br /> with 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 /> C. Other Char~es. Taxes and assessments, both <br /> general and special, shall be prorated by the Escrow Agent as of <br /> the 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 Seller vacates the <br /> Property, whichever date is later. <br /> <br /> <br />
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