My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
06-15-2020-WS
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2020-2029
>
2020
>
06-15-2020-WS
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/11/2020 5:31:06 PM
Creation date
6/11/2020 5:29:55 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
108
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />6 <br />the second half of 2020, shall be prorated to the date of Closing. All future real <br />estate taxes shall be paid by Buyer. All presently assessed and pending special <br />assessments on the Real Property shall be the sole responsibility of the Seller. <br />Any new special assessments for Lot 2 certified after the Closing Date shall be the <br />obligation of the Buyer. <br /> <br />9.2 Recording Costs. Seller will pay the cost of recording all documents necessary to <br />place record title in the condition warranted in this Agreement. Buyer will pay <br />the costs of recording the Warranty Deed. Seller will pay the State Deed tax on <br />the sale price. <br /> <br />9.3 Attorney's Fees. Each of the parties will pay its own attorney fees. <br /> <br />9.4 Title Insurance. Seller will pay all costs of providing the Title Commitment <br />designated in 5.1, above, and 11.1, below. Buyer shall pay the cost of the title <br />insurance premium. <br /> <br />9.5 Closing Costs. Seller and Buyer will each pay one-half of the customary closing <br />costs not otherwise herein allocated. <br /> <br />10. Title Examination. Title Examination will be conducted as follows: <br /> <br />10.1 Title Evidence and Buyer's Examination. Seller shall provide Buyer, within ten <br />(10) days of full execution of this Agreement, a copy of a commitment for an <br />ALTA Owner’s Policy of Title Insurance (accompanied by legible copies of all <br />documents described therein) (“Title Commitment”) issued by Land Title, Inc., <br />(“Title Company”) and any and all documents, reports, studies, tests, engineering <br />drawings, CAD surveys, Phase I report, Wetland Delineation, or other pertinent <br />materials which Seller has in its immediate possession (or available to Seller) <br />which relate to the Property. <br /> <br />10.2 Title Corrections. Within fifteen (15) days after receiving the Title Commitment, <br />Buyer will examine the title to the Real Property and make written objections <br />(“Objections”) to the form and/or contents of the Title Commitment and/or to any <br />items shown on the survey. If Buyer delivers to Seller any Objections, Seller will <br />use Seller’s best efforts to cure or satisfy the Objections on or before the Closing <br />date. If the Objections are not cured on or before the Closing date, the Buyer will <br />have the option to do the following: <br /> <br />i. Terminate this Agreement and receive a full refund of the Earnest Money; <br /> <br />ii. Withhold from the Purchase Price an amount which, in the reasonable <br />judgment of the Title Company, is sufficient to assure cure of the Objections. <br />Any amount so withheld will be placed in escrow with the Title Company, <br />pending such cure. If Seller does not cure such Objections within ninety (90) <br />days after such escrow is established, Buyer may then cure such Objections
The URL can be used to link to this page
Your browser does not support the video tag.