2006 052 Ordinance - Laserfiche WebLink

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built in bookcases and cabinets, stove and/or oven, and all attached mirrors and storage cabinets. 3. POSSESSION. Buyer shall be entitled to take title of said premises as of the date set for the closing of this matter. However, Seller may remain in possession of the premises after the transfer of possession but no later than April 30, 2007. While Seller remains in possession of the premises, Seller shall remain responsible for the maintenance, upkeep and repair of the premises. Buyer shall be entitled to take possession of the said premises at the end of Seller's possession. Seller agrees to enter into a written Lease Agreement, prior to the date of transfer of title, with the Village in accordance with the terms outlined herein in a form similar to that attached hereto as Exhibit "A". Buyer and Seller shall cooperate to have any and all utilities transferred as of the date Seller is no longer in possession and Seller shall order final meter readings as of said date. 4. TAXES. Seller shall pay all delinquent taxes, including penalties and interest, and all other real estate taxes which are a lien on the closing date, prorated to that date and computed, if undetermined, on the basis of the last certified tax rate and valuation. Seller shall also pay all assessments pro-rate to the date of closing which exist on the property as of the date of closing. Buyer agrees to pay before delinquency all taxes and assessments that may thereafter become due on said premises. 5. HAZARDS. Buyer assumes all risk of damage to or destruction of, any improvements now on said premises, or hereafter, to be placed thereon from the date of transfer of ownership. However, if any building on the premises, or any part thereof, shall be substantially damaged or destroyed by fire or other cause prior to the date of transfer of possession, Seller shall immediately terminate the Lease and transfer -2-