2017-05-24 CC Packet - Laserfiche WebLink

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(i) The title insurance premium for Buyer's policy of extended coverage title insurance in the amount of the Purchase Price, including endorsements required by Buyer; (ii) The title insurance premium for any loan policies of title insurance required by Buyer's lender(s); (iii) The cost of the Survey, if any, obtained by Buyer; (iv) Any fees associated with recorded documents related to Buyer's financing; (v) The cost of any appraisal required by Buyer or Buyer's lender; (vi) One-half (1/2) of the closing fees and escrow fees charged by the Title Company, and all costs and fees relating to Buyer's 1031 Exchange; and (vii) Buyer's attorneys' fees. 13. Closing. a. General, Possession. The closing of the transaction and completion of the deliveries contemplated hereby (the "Closing") shall occur on April 4, 2018 or within 10 days after the closing of the Exchange Property whichever shall occur later, at the office of the Title Company, or at such other date, time and place as the parties shall agree in writing (the "Closing Date"). Possession of the Property shall be transferred by Seller to Buyer on the Closing Date. b. Deliveries by Seller at Closing. At the Closing, Seller shall deliver to Buyer the following: (1) A Warranty Deed (the "Deed'), in recordable form, duly executed by Seller, conveying good and marketable title to the Real Property to Buyer free and clear of all encumbrances and restrictions except Permitted Exceptions. (2) A standard form Seller's Affidavit, duly executed by Seller and completed without exceptions for bankruptcy, judgments, tax liens, mechanic's liens, parties in possession and other unrecorded contracts. (3) An affidavit of non -foreign status, duly executed by Seller, containing such information as is required by IRC Paragraph 1445(b)(2) and its regulations. (4) A Certificate signed by Seller stating that Seller knows of no wells on the Property or if Seiler knows of any wells, a Well Certificate in form acceptable to the Buyer designating the location of any such well and the width, depth and other specifications relating thereto. E 37