2017 010 Ordinance - Laserfiche WebLink

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B. SELLER. SELLER 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. The costs of satisfying any mortgages, taxes, assessments, liens or encumbrances required to be discharged by this Purchase Agreement, if any; and 5. The amount of any prorations due BUYER under this Purchase Agreement. C. Other Charges. Taxes and assessments, both general and special, shall be prorated by the escrow agent as of the date of transfer based on the last available tax duplicate. 12. CONDITION OF PROPERTY. SELLER and BUYER acknowledge that the Village of Mayfield requires a certain Certificate of Inspection. However, both SELLER and BUYER mutually agree to waive this inspection in light of the fact there is no intent by BUYER to inhabit the residence, and it is BUYER' S intent to demolish said structures. 13. STATUTORY DISCLOSURE. Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduce intelligence quotient, behavioral problems and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The SELLER of any interest in residential real estate is required to provide the BUYER with any information on lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase. Additionally, SELLER makes the following -.5-