2012 006 Ordinance - Laserfiche WebLink

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services, equipment, materials, and programming, as set forth in Section 6 of this Agreement or comparable services, equipment, materials and programming reflective of the standards of the public library industry situated in metropolitan areas of like size in Buyer's reasonable discretion; or {iii} Buyer fails to provide the services offered at the Facility to the general public for no charge in accordance with the Ohio Revised Code, as the same may be amended from time to time, which currently provides that such services must be offered free of charge to the general public. Buyer shall execute and deliver the following items to Escrow Agent no later than one (1) day prior to the Closing Date: (i) a limited warranty deed conveying the , Residential Property to Seller; and (ii} such affidavits and indemnities as are reasonably requested by the Title Company in connection with the conveyance of the Residential Property. This Agreement shall serve as joint escrow instructions to Escrow Agent. Escrow Agent may attach its standard terms which shall govern insofar as they do not conflict herewith. The Escrow Agent shall close the transaction by: i. Filing the deed(s) for record; ii. Charging the Parties for prorations and costs as provided herein; and iii. Disbursing the funds and delivering the documents (or recorder's receipt) deposited with it as provided herein. Escrow Agent shall charge the following costs and expenses to Buyer on the Closing Date (the "Closing Costs"): (i) the premium to issue the Title Policy; (ii) the cost of the Survey, if any; {iii) the fees for filing the Deed for the Property; (iv} the cost of the real estate transfer tax or conveyance fee; (v) the cost of the title examination for the Property and the fee for issuance of the Title Commitment; and (vi) the escrow fee. Buyer shall deposit any amounts needed to satisfy the Closing Costs with Escrow Agent on or prior to the Closing Date. Escrow Agent shall charge the following costs and expenses to Seller on the Closing Date (the "Seller Closing Costs"): (i) the cost of any title commitment or any title policy for the Residential Property; (ii) the cost of any survey for the Residential Property; and (iii) the fees for filing the deed for the Residential Property. Seller shall deposit any amounts needed to satisfy the Seller. Closing Costs with Escrow Agent on or prior to the Closing Date. 8. Preconditions to Closing.A11 of Buyer's obligations to Closing are conditioned on the following (the "Preconditions to Closing"): {a) Satisfaction of the title and survey conditions as set forth in Section 3; {b) Satisfaction of the inspection conditions as set forth in Section 4; (c) The representations and warranties of Seller set forth in this Agreement shall be true and correct on the Closing Date; (d) Passage of an ordinance by Mayf eld Village Council ("Village Council") authorizing the transaction contemplated by this Agreement; 6 474370 v OS \ L22504.00 L 1