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2014_0421_CCpacket
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2014_0421_CCpacket
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one hundred twenty (120) days after the Effective Date of this Agreement, rather than <br />ninety (90) days after the Effective Date. <br />4. Closin�. The closing on the purchase and sale of the Property contemplated by this <br />Agreement (the "Closing") shall occur on that date which is ten (10) days after the <br />Contingency Date, or such earlier date to which the Seller and Buyer hereinafter mutually <br />agree. The Closing shall take place at the Title Company or such other location as is <br />mutually agreeable to the parties. The Seller agrees to deliver possession of the Property <br />to the Buyer immediately following the Closing. <br />A. Seller's Closin� Documents. Upon Closing the Seller shall execute and deliver to <br />Buyer the following (collectively the "Seller's Closing Documents"): <br />i. Deed. A Warranty Deed, in form satisfactory to Buyer, conveying the Real <br />Property to Buyer, free and clear of all encumbrances, except for the Permitted <br />Encumbrances (as defined below). <br />ii. Seller's Affidavit. An Affidavit indicating that on the date of actual Closing there <br />are no outstanding, unsatisfied judgments, tax liens or bankruptcies against or <br />involving Seller or the Property; that there has been no skill, labor or material <br />furnished to the Property for which payment has not been made or for which <br />mechanics' liens could be filed; and that there are no unrecorded contracts, leases, <br />easements, or other agreements or interests relating to the Property, together with <br />whatever standard owner's affidavit and/or indemnity which may be required by <br />the Title Company to issue an Owner's Policy of Title Insurance showing the <br />condition of title required by this Agreement with the standard exceptions waived. <br />iii. Non-Forei�n Transferor Certificate. A non-foreign certificate, properly executed <br />and in recordable form, containing such information as is required by IRC Section <br />1445 (b) (2) and its regulations. <br />iv. Other pocuments. Such 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. Buver's Closin� 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, Survev and Closin� Fee. Seller will pay all costs of providing the <br />Title Commitment designated in Provision 6A below. Buyer will pay all premiums <br />for any Title Insurance Policy required by Buyer. Buyer will pay the cost of any <br />closing fee charged by the Title Company. The Buyer will pay the cost of the Survey <br />3 <br />
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