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charge ( i . e . , costs of recording documents , cost of repairs and inspections, surveys , etc . ) . Due to the administrative burden and cost of refunding monies to parties involved in the transaction , the policy of this Firm is only to reimburse overpayments totaling more than Twenty- Five Dollars ( $ 25 . 00 ) . Overpayments totaling Twenty- Five ( $ 25 . 00 ) or less shall be applied to offset additional post closing administrative costs created by the overpayment and remain the property of the Closing Agent . 7 . CORRECTION OF ERRORS : The undersigned agree to cooperate with the Closing Agent to correct techn11 ical errors or deficiencies in the drafting of any document executed at the closing, including loan documents, if any . In the event any documents which adversely affect title to the property are filed of record subsequent to the effective date of the Commitment of Title in this transaction, through the date and time of recording of the Deed to Buyer, Seller agrees to assume full responsibility for satisfaction and/or removal of same . If for any reason sufficient funds are not collected at closing by the Closing Agent to pay all persons and entities entitled to payment ( including, but not limited to : the proration or collection of real estate or personal property taxes ; any collection or proration of rents, and security deposits ; any collection or proration of homeowner association or condominium association assessments or maintenance dues ; any collection or proration of service contracts , pest control , security systems, pool maintenance, appliance maintenances any collection of payoffs for outstanding mortgages, impact fees , utilities or assessment liens ; any charge for recording or re- recording fees , documentary and / or intangible tax charge or other governmental charge ; any charge for payment of insurance premiums; any charge for payment of repairs, or inspections ) , the person or entity responsible for such payment shall forthwith pay the additional funds to Closing Agent . ( NOTE : Any sales tax due on rental properties through the end of the month of the closing shall be paid directly to the proper agency by the Seller. ) Closing Agent may file suit against the undersigned in the applicable County or Circuit Court to collect the funds, in which event, the undersigned will pay all costs and expenses incurred in such suit, including a reasonable attorney's fees, including reasonable attorneys ' fees on appeal or in any bankruptcy proceeding . The venue for ,any IF action regarding the enforcement of this provision shall be Indian River County, Florida . 8 . NET PROCEEDS : The undersigned hereby acknowledge and understand that in the event the collected funds required by the Buyer, and Buyer's loan proceeds, if any, are not received by this office by l 1 : 00 a . m . E . S . T . on the day of closing, the Closing Agent cannot guarantee available funds on that day to Seller . Although all best efforts will be made to accommodate the parties, Closing Agent may not be able to initiate wire transfers of OF proceeds on the closing date if Buyer's funds are received by Closing Agent after 11 : 00 a . m . E . S . T . Due to the complicated nature of wire transfers, Buyer acknowledges that in order to positively assure wired funds will be credited to Closing Agent's Trust Account on the day of closing, wire transfers by Buyer transmitting required funds for closing must be initiated at IF least one business day prior to closing . 9 . REAL ESTATE AGENTS / BROKERS : Buyer and Seller warrant and represent that there are no real estate brokers involved in this transaction other than those addressed on the Closing/ Settlement Statement, and will indemnify and hold harmless each other and Closing Agent for claims for compensation , and any disputes by any other person or realtor relating to , or arising from , the above - referenced transaction . 10 . CURRENT YEAR REAL ESTATE TAXES APPEARING ON THE CLOSING STATEMENT/ SETTLEMENT STATEMENT : ( x ) Buyer and Seller understand that the 200 q real estate taxes were prorated based upon the ACTUAL year 200q '' tax calculated by Debbie Gee in the Indian River County Tax Collector's office . INITIALS :