Laserfiche WebLink
<br />Mar. 4. 2004 11:58AM <br /> <br />BARNA GUZY & STEFFEN LTD <br /> <br />No.7998 P.4 <br /> <br />(b) Deed Tax. Seller shall pay all state deed tax regarding the Quit Claim <br />Deed to be delivered by Seller under this Agreement. <br /> <br />(c) Real Estate Taxes and Special Assessments. Seller will pay on or before <br />the Closing Date, all special assessments levied, pending or constituting a <br />lien against the Real Property as of the Closing Date including without <br />limitation any installments of special assessments including interest <br />payable with general real estate taxes in the year of Closing. General real <br />estate taxes and installments of special assessments payable in all years <br />prior to the year of Closing will be paid by Seller. General real estate <br />taxes payable in the year of Closing shall be prorated by. Seller and Buyer <br />as of the Closing Date based upon a calendar year. Seller shall pay all <br />deferred real estate taxes or special asseSsments which may become <br />payable as a result of the sale contemplated hereby. <br /> <br />(d) Recording Costs. Except as set forth above, Buyer will pay the costs of <br />recording all documents necessary to record title. <br /> <br />( e) Other Costs. All other operating costs of the Property, will be allocated <br />between Seller and Buyer as of the Closing Date, so that Seller pays that <br />part of such other operating costs payable before the Closing Date, and <br />Buyer pays that part of such operating costs payable from and after the <br />Closing Date. ' <br /> <br />ARTICLE V <br />REPRESENTATIONS AND WARRANTIES OF SELLER <br /> <br />Seller, representa and warrants to Buyer as of the date hereof and as of the Closing that: <br /> <br />5.1 Authority. Approval and Enforceabilitv. <br /> <br />(a) This Agreement and all documents to be executed by the Seller in <br />connection with the transaction contemplated hereby is, and upon due <br />execution and. delivery by the parties thereto will be, legal, valid and a <br />binding obligation of the Seller, enforceable against it ill accordance with <br />the respective terms. <br /> <br />(b) To the best knowledge of Seller, the Seller is in full compliance with all <br />applicable federal, state, and local regulations, statutes and ordinances <br />which regulate the use of the real estate. . <br /> <br />( c) There are no wells or septic systems on the Property. <br /> <br />-3- <br />