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2006 047 Ordinance
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2006 047 Ordinance
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Last modified
11/19/2018 4:03:44 PM
Creation date
8/29/2018 5:53:33 AM
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Template:
Legislation-Meeting Minutes
Document Type
Ordinance
Number
047
Date
10/23/2006
Year
2006
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A. Buver• Buyer shall be charged with the following costs, to be <br />deducted by the escrow agent from funds due Buyer, if any, or to be <br />paid by Buyer prior to transfer of title: <br />1. The cost of the location service or survey, inciuding surveying and <br />preparing the legal description; <br />2. The cost of any special tax search; <br />3. The difference between the cost of any Owner's Policy of Title <br />Insurance and Title Guaranty; <br />4. The costs incident to filing the deed and any mortgage(s) placed <br />upon the property; <br />5. The costs incident to the obtaining of financing, if any; and <br />6. One half (1/2) of the escrow fee. <br />B. Seller. Seller shall be charged with the following costs, prior to transfer <br />of title: <br />1. The cost for a Title Guaranty in the amount of the purchase price; <br />2. The amount of any prorations due Buyer under this Agreement; <br />3. The cost of any conveyances and/or real estate transfer taxes <br />applicable to the property; <br />4. The costs of satisfying any taxes, assessments, liens or <br />encumbrances required to be discharged by this Agreement, if <br />a ny; <br />5. Preparation of the deed; <br />6. The amount of any prorations due Buyer under this Agreement; <br />and <br />7. One half (1/2) of the escrow fee. <br />C. Other Charqes. Taxes and assessments, both general and special, <br />shall be prorated by the escrow agent as of the date of transfer based on <br />the last available tax duplicate. <br />-5-
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