2001-144 Ordinance - Laserfiche WebLink

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_ .?., ? ?,_ _ _ .... ._ _..,.wr ....?.?:,?...,r..,.,..,......,n. w. . . .,?., escrow agent on account of the purchase price of the Property. The exercise of such power by Buyer or Seller sha11 nat, however, constitute a waiver by it of any other rights either party may have against the other for breach of this Agreement. The escrow agent sha11 be, and is hereby, irrevocably instructed that upon such failure of conditions and receipt of such notice from the party benefited by such condition to release to such party to refund a11 maneys and instruments deposited in escrow pursuant to this Agreement. Prorations 2.06 Real property taxes and assessments, and any of the charges for utilities servicing the Property shall be prorated as of the date of transfer as herein provided in this transaction. Egaenses of Closing 2.07 The expenses of closing described in this Article shall be paid in the following manner: (1) Qne-half the cost of securing the Owner's Fee Policy of Title Insurance described in Paragraph 2.02 of this Agreement shall be paid by Seller. (2) The cost of preparing, executing and acknowledging any deeds or o#her instruments required to convey title to Buyer or its nominees in the manner described in this Agreement shall be paid by Seller. (3) The other one-half of the cost of securing the Owner's Fee Policy of Tit1e Insurance described in Paragraph 2.02 of this Agreement shall be paid by Buyer. (4) While it is understood by the parties tha.t this tra.nsaction is exempt fram any conveyance tax, if any tax is imposed on the conveyance of title to the Property to Buyer or its nominee, it shall be paid by Buyer. (5) Any fee charged by the escrow agent sha11 be paid by the parties equally. ARTICLE 3- REPRESENTATIONS AND WARRAN'TIES OF PART'IES Warranties of Seller 3