05-18-2020-WS - Laserfiche WebLink

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6 the second half of 2020, shall be prorated to the date of Closing. All future real estate taxes shall be paid by Buyer. All presently assessed and pending special assessments on the Real Property shall be the sole responsibility of the Seller. Any new special assessments for Lot 2 certified after the Closing Date shall be the obligation of the Buyer. 9.2 Recording Costs. Seller will pay the cost of recording all documents necessary to place record title in the condition warranted in this Agreement. Buyer will pay the costs of recording the Warranty Deed. Seller will pay the State Deed tax on the sale price. 9.3 Attorney's Fees. Each of the parties will pay its own attorney fees. 9.4 Title Insurance. Seller will pay all costs of providing the Title Commitment designated in 5.1, above, and 11.1, below. Buyer shall pay the cost of the title insurance premium. 9.5 Closing Costs. Seller and Buyer will each pay one-half of the customary closing costs not otherwise herein allocated. 10. Title Examination. Title Examination will be conducted as follows: 10.1 Title Evidence and Buyer's Examination. Seller shall provide Buyer, within ten (10) days of full execution of this Agreement, a copy of a commitment for an ALTA Owner’s Policy of Title Insurance (accompanied by legible copies of all documents described therein) (“Title Commitment”) issued by Land Title, Inc., (“Title Company”) and any and all documents, reports, studies, tests, engineering drawings, CAD surveys, Phase I report, Wetland Delineation, or other pertinent materials which Seller has in its immediate possession (or available to Seller) which relate to the Property. 10.2 Title Corrections. Within fifteen (15) days after receiving the Title Commitment, Buyer will examine the title to the Real Property and make written objections (“Objections”) to the form and/or contents of the Title Commitment and/or to any items shown on the survey. If Buyer delivers to Seller any Objections, Seller will use Seller’s best efforts to cure or satisfy the Objections on or before the Closing date. If the Objections are not cured on or before the Closing date, the Buyer will have the option to do the following: i. Terminate this Agreement and receive a full refund of the Earnest Money; ii. Withhold from the Purchase Price an amount which, in the reasonable judgment of the Title Company, is sufficient to assure cure of the Objections. Any amount so withheld will be placed in escrow with the Title Company, pending such cure. If Seller does not cure such Objections within ninety (90) days after such escrow is established, Buyer may then cure such Objections