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2013_0923_packet
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2013_0923_packet
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10/14/2013 3:42:12 PM
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iv. Other Documents. All other documents reasonably determined by the Title <br /> Company or the Buyer to be necessary to transfer the Property to Buyer in <br /> compliance with this Agreement or which are to be entered into by, or given to, <br /> the parties upon Closing pursuant to the terms and conditions of this Agreement. <br /> B. Buyer's Closing Documents. Upon Closing the Buyer will deliver to the Seller the <br /> balance of the Purchase Price,by wire transfer of U.S. federal funds. <br /> 5. Prorations. Seller and Buyer agree to the following prorations and allocation of costs <br /> regarding this Agreement: <br /> A. Title Insurance, Survey and Closing Fee. Seller will pay all costs of providing the <br /> Title Commitment designated in Section 6A below. Buyer will pay all premiums for <br /> any Title Insurance Policy required by Buyer. Buyer will pay the cost of any closing <br /> fee charged by the Title Company. The Buyer will pay the cost of the Survey to be <br /> obtained by Buyer and boundary markers to be placed upon the Property pursuant to <br /> Section 6B below. <br /> B. Deed Tax. Seller shall pay all state deed tax and conservation fee regarding the <br /> Warranty Deed to be delivered by Seller under this Agreement. <br /> C. Real Estate Taxes and Special Assessments. Seller will pay, on or before the date of <br /> actual Closing, all special assessments outstanding, levied, pending, deferred or <br /> otherwise or record against the Property as of the Effective Date, including without <br /> limitation any installments of special assessments including interest payable with <br /> general real estate taxes due and payable in the year of Closing and prior years. <br /> General real estate taxes due and payable in the year of Closing shall be prorated by <br /> Seller and Buyer as of the date of actual Closing based upon a calendar fiscal year. <br /> Seller shall pay all deferred real estate taxes (including "Green Acres" taxes) or <br /> special assessments payment of which is required to be paid as a result of the Closing <br /> of this sale. <br /> D. Recording Costs. Buyer will pay the cost of recording the Warranty Deed. <br /> E. Operating Costs. All utilities and other operating costs of the Property not designated <br /> above,will be allocated between Seller and Buyer as of the date of actual Closing, so <br /> that Seller pays that part of such utilities and other operating costs attributable to the <br /> period on and before the date of actual closing, the Buyer pays that part of such <br /> operating costs attributable to the period after the date of actual closing. <br /> F. Attorney's Fees. Each of the parties will pay its own attorney's fees pertaining to the <br /> negotiation,performance and enforcement of this Purchase Agreement. <br /> 6. Title Examination. The Title Examination will be conducted as follows: <br /> 3 <br />
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