2023-094 Ordinance - Laserfiche WebLink

Home Browse Search

1445 of the Internal Revenue Code of 1986, as amended; (3) such documentation as is reasonably and customarily required by the Title Company to issue the Title Policy in the form required by this Agreement; and (4) such other documents as may be reasonably required to consummate the transaction contemplated hereby. (b) On or prior to the Closing Date, Purchaser shall deposit into escrow the following, duly executed and acknowledged where appropriate: (1) the sum required pursuant to Section 2.1(b), (2) the conveyance fee and transfer tax or declaration forms required by law, (3) evidence satisfactory to Seller and the Title Company of Purchaser's authority with respect to Purchaser's execution, delivery and performance of the terms, covenants and conditions of this Agreement, (4) such documentation as is reasonably and customarily required by the Title Company to issue the Title Policy in the form required by this Agreement; and (5) such other documents as may be reasonably required to consummate the transaction contemplated hereby. 5.3 Prorationffxpenses. Provided all documents and funds have been deposited in escrow with the Escrow Agent or delivered at Closing as required by this Agreement and the Title Company is in a position upon the filing of the Deed for record to issue the Title Policy as may be provided for in Section 4. 1, the Closing shall be completed as follows after making the adjustments and prorations required by this Section 5.3: (a) Seller shall pay: (i) any costs, expenses and/or proration specifically to be paid by Seller as provided herein. (b) Purchaser shall pay: (i) the escrow fee, if any; (ii) the cost of recording the Deed; (iii) the title commitment, premium for the issuance of the Title Policy and any endorsements thereto, and the cost of all charges and expenses associated with the issuance of title insurance to any lender to Purchaser; and (iv) all costs associated with Purchaser's Inspections (as hereinafter defined) of the Property; and (v) any other costs, expenses and/or prorations to be paid by Purchaser as provided herein. (c) All real estate taxes and assessments both general and special shall be prorated between the parties as of the Closing based on the current bill (or, if not available, the last available tax duplicate) and reflected on a settlement statement prepared by the Escrow Agent. Such proration shall be final.