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CCP 12-15-1997
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CCP 12-15-1997
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5/8/2007 1:14:09 PM
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11/10/2006 4:07:54 PM
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<br />..:::c..l~ui 'I.~c..l:"""\":::'..." 1'1"\..."\.'1 UL...:(.....f~-\:, '&_ &.-'; _... _ :.~,.; : :j,~.::..: c: 1 J.. --------.--- <br /> C &:' . r-':'l c...\~'...' \ ,- .'\........r: ~c.\......I;.'"\- <br />'ey( & I <br /> I <br /> Seller's Closing Documents and iss~e the <br /> Title Policy required by Section 3.0(6) of -- <br /> this Agreement. <br /> C. Statement of Intent. A statement relating to <br /> area development rights attached as Exhibit <br /> 3. I <br />G. Prorations. Seller and City shall make tte following <br /> proL"atiol1s and allocations of taxes, assessments and <br /> other expenses at Closing: I <br /> 1- Title Insurance and Closing Fee. Seller shall pay <br /> the cost of the Title Evidence. City shall pay the I <br /> premium for the Title Policy. Seller and City <br /> will each pay one-half of any reasonable and <br /> customary closing fee or charge imposed by the <br /> Title Insurer or its designated closing agent. I <br /> 2 . Deed Tax. Seller shall pay all state deed tax due <br /> on the Warranty Deed(s) to be delivered by Seller <br /> under this Agreement. I <br /> 3 . Real Estate Taxes. Seller shall pay all general <br /> real estate taxes payable for any year prior to I <br /> the year of Closing. Seller and City shall <br /> prorate the general real estate taxes payable in <br /> the year of Closing based upon the calendar year. <br /> 4. Special Assessments. Seller shall pay at Closing ~ <br /> all special assessments levied, pending, deferred <br /> or constituting a lien against the Real Property I <br /> as of the Closing Date. <br /> S. Recording Costs. Seller will pay the cost of <br /> recording all documents nscessary to place record I <br /> title in Seller in the condition warranted by <br /> Seller in this Agreement. City will pay the cost <br /> of recording all other documents. <br /> 6". Utilities. Seller shall cause all meters for I <br /> utilities to be read during the daylight hours on <br /> the Closing Date, and Seller shall pay all charges I <br /> for all utilities through that time. <br />H. Operation P~ior to Closing. During the period from the <br /> date hereof through the Closing Date (the "Executory I <br /> Period"), Seller shall operate and maintain the Real <br /> Property in the ordinary course of business in <br /> accordance with prudent, reasonable business standards, I <br /> including without limitation, the maintenance of <br /> adequate liability insurance and insurance against loss <br /> by fire, windstorm, and other hazards, casualties and <br /> contingencies, including vandalism and malicious I <br /> 10 <br /> -. <br /> I <br />
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