2017 009 Ordinance - Laserfiche WebLink

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examination by BUYER. SELLERS shall ~be given written notice within two (2) days after receipt of such report by BUYER of any defect in title requiring correction, and shall undertake to make such corrections immediately. SELLERS shall not be. liable for any damages by reason of-any defect in title which cannot be corrected, but if such defect is not remedied prior to the Closing, either party may terminate this contract on notice and any deposit shall be refunded to BUYER, releasing both parties from further obligations and liability hereunder. 11. PR®RATI®NS, CHARGES, AND CREDITS. A. EiTl'ER. BUYER shall be charged with the following costs, to be deducted by the escrow agent from funds due BUYER, if any, or to be paid by BUYER prior to transfer of title: 1. The cost of the location service or survey, including surveying and preparing the legal description; 2. The cost of any special tax search; 3. The difference between the. cost of any Owner's Policy of Title Insurance and Title Guaranty; 4. The costs incident to filing the deed and any mortgage(s) placed upon the property; 5. The costs incident to the obtaining of financing, if any; 6. One Hundred Percent (100%) of the escrow fee; and 7. Preparation of the Deed. B. SELLERS. SELLERS shall be charged with the following costs, prior to transfer of title: 1. The cost for a Title Guaranty in the amount of the purchase price; 2. The amount of any prorations due BUYER under this Purchase Agreement; 3. The cost of any conveyances and/or real estate transfer taxes applicable to the - -- ---- -------------property;---- -- --- ------------ -- - ----- - --- ---- ------------------ -4-