My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2020-03-11 CC Packet
Centerville
>
City Council
>
Agenda Packets
>
1996-2022
>
2020
>
2020-03-11 CC Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/20/2020 6:11:17 PM
Creation date
3/20/2020 6:09:48 PM
Metadata
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
229
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
8. PRORATIONS. Seller and Buyer agree to the following prorations and allocations <br />of costs regarding this Agreement: <br /> <br />A. Real Estate Taxes and Special Assessments. The real estate taxes <br />due and payable in all years prior to the year of Closing and all deferred, levied or pending <br />special assessments as of the Closing Date will be paid in full by the Seller. The Seller is <br />also responsible for paying any interest and penalties due thereon. The real estate taxes <br />due and payable in the year of Closing, will be prorated as of the Closing Date, based on <br />the calendar year. Special assessments, levied after the Closing Date will be the <br />responsibility of the Buyer. Seller represents that the Property will be non-homestead <br />classification. Seller will pay any and all Green Acre Recapture at Closing. If the real <br />estate taxes and special assessment are estimated due to the subdivision of the Real <br />Property a larger parcel(s), the real estate taxes and special assessments will be <br />estimated on per square foot basis as reasonably agreed to between the Buyer and the <br />Seller. <br /> <br />B. State Deed Tax. Seller will pay any State Deed Tax necessary to record <br />the Warranty Deed. <br /> <br />C. Recording Costs. Buyer will pay the cost of recording the Warranty Deed, <br />and Seller will pay the cost of recording all additional documents necessary to place record <br />title in the condition warranted by Seller in this Agreement. The Buyer will pay the costs <br />of recording all other documents. <br /> <br />D. Other Costs. All operating costs of the Real Property will be allocated <br />between Seller and Buyer as of the Closing Date, so that Seller pays that part of such <br />operating costs payable before the Closing Date, and the Buyer pays that part of such <br />operating costs payable from and after the Closing Date. <br /> <br />E. Closing Costs. Seller and Buyer will pay their respective Closing fees <br />charged by Title for the Closing. <br /> <br />9. OPERATION PRIOR TO CLOSING. During the period from the date of Seller's <br />acceptance of this Agreement to the Closing Date (the "Executory Period"), Seller will operate <br />and maintain the Real Property in the ordinary course of business in accordance with prudent, <br />reasonable business standards, including the maintenance of adequate liability insurance Seller <br />will execute no contracts, leases or other agreements regarding the Real Property during the <br />Executory Period that are not terminable on or before the Closing Date, without the prior written <br />consent of Buyer, which consent may be withheld by Buyer in its sole discretion. <br /> <br />10. DAMAGE. If, prior to the Closing Date, all or any part of the Real Property is <br />substantially damaged by fire or other casualty, the elements or any other cause, the Seller will <br />immediately give notice to Buyer of such fact and at Buyer's option (to be exercised within twenty <br />(20) days after Seller's notice), this Agreement will terminate, in which event neither party will <br />have any further obligations under this Agreement and the Earnest Money will be refunded to <br />Buyer or Buyer may elect to Close, in which case Seller shall assign to Buyer all unused proceeds <br />related to such damage. <br /> <br />11. NOTICES. All notices and demands given or required to be given by any party <br />hereto to any other party shall be deemed to have been properly given if and when delivered in <br />person, the next business day after being sent by reputable overnight commercial courier (e.g. <br /> <br />9 <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.