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=' kfT 103 CLOSING COSTS, FEES AND CHARGES ' 104 9. CLOSING COSTS ; TITLE INSURANCE ; SURVEY; HOME WARRANTY ; SPECIAL ASSESSMENTS : 105• (a) COSTS TO BE PAID BY SELLER: • Documentary stamp taxes and surtax on deed , if any • HOA/Condominium Association estoppel fees • Owner' s Policy and Charges (if Paragraph 9(c)(i) is checked) • Recording and other fees needed to cure title • Title search charges ( if Paragraph 9(c)(iii) is checked) • Seller's attorneys' fees • Other: 106 If, prior to Closing , Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11 107 a sum equal to 125% of estimated cost to meet the AS IS Maintenance Requirement shall be escrowed at 108 Closing . If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall 109 pay such actual costs . Any unused portion of escrowed amount shall be returned to Seller. 110• ( b) COSTS TO BE PAID BY BUYER: • Taxes and recording fees on notes and mortgages • Loan expenses • Recording fees for deed and financing statements • Appraisal fees • Owner's Policy and Charges (if Paragraph 9 (c) (ii) is checked) • Buyer's Inspections • Survey (and elevation certification , if required) • Buyer's attorneys' fees • Lender's title policy and endorsements • All property related insurance • HOA/Condominium Association application/transfer fees • Other: 111 = (c) TITLE EVIDENCE AND INSURANCE : At least (if blank, then 5) days prior to Closing Date , a title 112 insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as 113 exceptions attached thereto ("Title Commitment") and , after Closing , an owner's policy of title insurance (see 114 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner's policy of title 115 insurance covering the Real Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after 116 Effective Date. The owner's title policy premium and charges for owner' s policy endorsements , title search , 117 and closing services (collectively , " Owner's Policy and Charges" ) shall be paid , as set forth below 118 (CHECK ONE) : 119= 0 ('t) Seller will designate Closing Agent and pay for Owner's Policy and Charges ( but not including charges 120 for closing services related to Buyer's lender' s policy and endorsements and loan closing , which amounts 121 shall be paid by Buyer to Closing Agent or such other provider(s) as Buyer may select) ; or 122= ❑ ( ii) Buyer will designate Closing Agent and pay for Owner' s Policy and Charges and charges for closing 123 services related to Buyer's lender' s policy, endorsements, and loan closing ; or 124= ❑ (iii) [MIAMI-DADEIBROWARD REGIONAL PROVISION] : Seller will furnish a copy of a prior owner's policy 125 of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, 126 which is acceptable to Buyer's title insurance underwriter for reissue of coverage; ( B) tax search ; and 127 ( C) municipal lien search . Buyer shall obtain and pay for post-Closing continuation and premium for Buyer' s 128 owner' s policy, and if applicable , Buyer' s lender's policy. Seller shall not be obligated to pay more than 129. $ ( if blank, $200. 00) for abstract continuation or title search ordered or performed by Closing 130 Agent. 131 (d) SURVEY : At least 5 days prior to Closing , Buyer may, at Buyer' s expense, have the Real Property surveyed 132 and certified by a registered Florida surveyor (" Survey" ) . If Seller has a survey covering the Real Property, a 133 copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. 134• (e) HOME WARRANTY: At Closing , ❑ Buyer ❑ Seller Q N/A will pay for a home warranty plan issued by at a cost not to exceed $ A home 135' 136 warranty plan provides for repair or replacement of many of a home's mechanical systems and major built-in 137 appliances in the event of breakdown due to normal wear and tear during the agreement' s warranty period . 138 (f) SPECIAL ASSESSMENTS : At Closing , Seller will pay: (i) the full amount of liens imposed by a public body 139 (" public body" does not include a Condominium or Homeowner' s Association ) that are certified , confirmed and 140 ratified before Closing ; and (ii) the amount of the public body' s most recent estimate or assessment for an 141 improvement which is substantially complete as of Effective Date , but that has not resulted in a lien being 142 imposed on the Property before Closing . Buyer will pay all other assessments. if special assessments may 143 be paid in installments (CHECK ONE) : 144= 0 (a) Seller shall pay installments due prior to Closing and Buyer shall pay installments due after 145 Closing . Installments prepaid or due for the year of Closing shall be prorated. 145• ❑ ( b) Seller shall pay the assessment(s) In full prior to or at the time of Closing . 147 IF NEITHER BOX IS CHECKED, THEN OPTION (a) SHALL BE DEEMED SELECTED. 148 This Paragraph 9(f) shall not apply to a special benefit tax lien imposed by a community development district 149 (CDD) pursuant to Chapter 190 F . S . which lien shall be treated as an ad valorem tax and prorated pursuant to 150 STANDARD K. Buyers Initials Page 3 of 10 Seller' s Initials FloridaRealtors/FloridaBar-ASIS-1 Rev. 6/10 0 2010 Florida Realtors® and The Florida Bar. All rights reserved .