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26-91 Purchase 14895-903 Detroit Ave
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26-91 Purchase 14895-903 Detroit Ave
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Last modified
5/14/2013 3:06:28 PM
Creation date
9/5/2003 9:46:08 AM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
3/18/1991
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deliver occupancy and possession <br />transfer of title. <br /> <br /> 8. SALES COMMISSIONS. <br /> <br />Occupancy..and Possession. Seller shall <br /> <br /> of the Property to Buyer upon <br /> <br />Seller shall be responsible <br /> <br /> for any and all sales commissions due any individual or business <br /> entity as a consequence of this transaction. The Seller agrees <br /> to indemnify, save and hold harmless the Buyer from any claims <br /> for sales commissions of any sort. Buyer represents that no <br /> broker or business entity of any sort.has in any way been active <br /> <br />oor instrumental in-this transaction, and that negotiations have <br /> been carried on between the owner, William T. Monroe, and the <br /> City of Lakewood without the intervention of any other entity, <br /> <br /> 9. pRORATIONS, CHARGES AND CREDITS. <br /> <br /> a. Charges Against Seller. Seller shall be <br /> <br /> charged with the following costs, to be deducted by the Escrow <br /> Agent from funds due Seller: (1) the cost of examination of <br /> title and the premium for the Title Guarantee 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 /> r~quired to be discharged by this Agreement; (4) any real estate <br /> commissions required to be paid by Seller; (5) the amount of any <br /> <br />prorations due Buyer under <br />(1/2) of the escrow fee. <br /> <br /> b. Charqes <br />charged with the following <br /> <br />this Agreement; and (6) one-half <br /> <br /> Against Buyer. Buyer shall be <br />costs to be deducted by the Escrow <br /> <br />Agent from funds due buyer, if any, or to be paid by Buyer prior <br />to 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 /> <br />
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