|
105 CLOSING COSTS, FEES AND CHARGES
<br /> los 9. CLOSING COSTS ; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS:
<br /> 1 or (a) COSTS TO BE PAID BY SELLER:
<br /> • Documentary stamp taxes and surtax on deed, it any • HOAICondominium Association estoppel fees
<br /> • Owner's Policy and Charges (if Paragraph 9(c)(i) is checked) • Recording and other fees needed to cure title
<br /> • Title search charges (it Paragraph 9(c) (tii) is checked) • Seller's attorneys' fees
<br /> - Other.
<br /> toe Seller will pay the following amounts/percentages of the Purchase Price for the following costs and expenses:
<br /> 1096 (f) up to $ or % (L5% if left blank) for General Repair Items (`General Repair
<br /> 110 Limit"): and
<br /> TtTP $` or if left blank) for WDO treatment and repairs ("WDO
<br /> 112 Repair Limit"); and
<br /> 1130 (iii) up to $ or % ( 1 .5% if left blank) for costs associated with closing out open
<br /> 114 or expired building permits and obtaining required building permits for any existing improvement for which a
<br /> 115 permit was not. obtained ('Permit Limit'j. •
<br /> 116 If, prior to Closing, Seller is unable to meet the Maintenance Requirement as required by Paragraph 11
<br />or
<br /> 117 the repairs, replacements, treatments or permitting as requited by Paragraph 12 , then, suras equal to 125% of
<br /> 11e estimated costs to complete the applicable item (s) (but, not in excess of applicable General Repair, WDO
<br /> 119 Repalr, . and Permit Limits set forth above, if any) shall be escrowed at Closing. If actual cost
<br /> of required
<br /> 120 repairs, replacements, treatment or permitting exceed applicable escrowed amounts, Setter shall pay such
<br /> 121 actual costs (but, not in excess of applicable General Repair, WDO Repair, and Permit Limits set forth above) .
<br /> 122 Any unused portion of escrowed amoungs) shall be retumed to Mier.
<br /> 123• (b) COSTS TO BE PAID BY BUYER&
<br /> • Taxes and recording fees on notes and mortgages • Loan expenses
<br /> • Recording fees for deed and financing statements • Appraisal fees
<br /> • Owner's Policy and Charges (if Paragraph 9(c)(ii) is checked) • Buyer's Inspections
<br /> • Survey (and elevation certification, if required) • Buyer's attomeys' fees
<br /> • Lender's title policy ar)d endorsements - All property related insurance
<br /> • HOA/Condominium Association application/transfer fees
<br /> • Other: __CAN M O <',= E01! — 70A XM / ,2EGo .ed ttii G JCEES 60 Nor A PP4. Y
<br /> 1240 (c) TITLE EVIDENCE AND INSURANCE: Al least (if blank, then 5) days prior to Closing Date, a title
<br /> 125 insurance commitment issued by a Florida licensed tide insurer, with legible copies of instruments listed as
<br /> 126 exceptions attached thereto (ode Commihnent") and, after Closing, an owner's policy oftitle insurance (see
<br /> 121 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner's policy of
<br /> tide
<br /> 128 insurance covering the Real Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after
<br /> ,z9 Effective Date. The owner's title policy premium and charges for owner's policy endorsements, title search,
<br /> Iso and closing services (_collectively, "Own
<br /> er3 Policy_. ar
<br /> tat (CHECK ONE) td_ . . Charges').. _ shalt_ . be __patd, ....as__set . forth . .below . _ .
<br /> .
<br /> 1320 D Seiler wig designate Closing Agent and pay for Owner's Policy and Charges (but not including charges
<br /> 133 for dosing , services related to Buyer's lendees policy and endorsements and loan dosing, which amounts
<br /> 134 shall be paid by Buyer to Closing Agent or such other providers) as Buyer may select); or
<br /> 135~ 0 (it) Buyer will designate Closing Agent and pay for Owner's Policy and Charges and chargees for closing
<br /> 135 services related to Buyer's tender's policy, endorsements, and loan dosing; or
<br /> 13r 13 (til) [MIAMWADEIBROWARD REGIONAL PROVISION]: Seller will furnish a copy of a prior owner's policy
<br /> las of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence,
<br /> 139 which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search;
<br /> and
<br /> 140 (C) municipal lien search. Buyer shall obtain and pay for post Closing continuation and premium for Buyer's
<br /> 141 owner's policy, and N applicable, Buyer's lender's policy. Seller shall not be obligated to pay
<br /> more than
<br /> 142• $ (If blank, $200. 00) for abstract continuation or title search ordered or performed by Closing
<br /> 143 Agent
<br /> 144 (d) SURVEY: At least 5 days prior to Closing, Buyer. may, at Buyer's expense, have the Real Property surveyed
<br /> 145 and certified by a registered Florida surveyor (•Survey"). If Seiler has a survey covering the Real Property, a
<br /> 148 copy shall be fumished to Buyer and Closing Agent within 5 days after Effective Date.
<br /> 14r (e) HOME WARRANTY: At Closing , ❑ Buyer ❑ Seiler X N/A will pay for a home warranty plan issued by
<br /> 14W at a cost not to exceed $ A home
<br /> 149 warranty plan provides for repair or replacement of many of a home's mechanical systems and major bunt in
<br /> 150 appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period -
<br /> 161 (f) SPECIAL ASSESSMENTS: At Closing, Selier will pay. t7 the full amount of liens Imposed by a public body
<br /> 152 ("public body" does not include a Condominium or Homeownees Association) that are certified, confirmed and
<br /> 153 ratified before Closing; and Vii) the amount of the public body's most recent estimate or assessment for
<br /> an
<br /> Buyer's Initials Page 3 of 11 Sellers Initials
<br /> Florida Realtors/moridaBar-1 Rev. 6110 02010 Florida Realtors® and The Florida Bay Ad rights reserved. -
<br /> 401
<br />
|