2017 010 Ordinance - Laserfiche WebLink

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window and door shades, screen and storm windows, all curtains, drapes and rods, and all hanging lighting fixtures. SELLER shall remove from the premises prior to the date of possession any personal property not to be purchased by BUYER hereunder; such property shall be removed without injury to the premises. 3. POSSESSION. Possession must be relinquished by SELLER to BUYER no later than 5:00 p.m. on the Closing Date. In the event the SELLER holds over, a rental fee of Twenty-Five Dollars ($25.00) per day shall be paid by the SELLER to BUYER for a maximum term of seven (7) days. Upon expiration of the seven (7) day hold over, SELLER must vacate and forward rental payment to BUYER. 4. TITLE TRANSFER. Title will transfer to BUYER by the recording of the deed, on the Closing Date, unless the parties otherwise agree to a mutually satisfactory date in writing. 5. UTILITIES, WATER/SEWER; TAXES; PRORATION OF REAL ESTATE TAXES. SELLER shall be responsible for any and all utilities consumed upon the premises, until possession is transferred to BUYER. BUYER and SELLER shall cooperate to have any and all utilities transferred as of the date of possession and SELLER shall order final meter readings as of said date. SELLER shall pay all taxes and assessments both general and special, due and payable as of the date possession is transferred to BUYER. BUYER intends to apply for a real estate tax exemption as a municipal corporation from that date forward. Escrow Agent shall withhold Two Hundred Dollars ($200.00) from the SELLER'S proceeds pending proof of payment of the final water/sewer bill. 6. HAZARDS. BUYER assumes all risk of damage to or destruction of any improvements now on said land after the date of transfer of possession. SELLER will assume all risk and be liable for cost of repair or replacement of any damages or improvements until the time of transfer of possession to BUYER. -2-