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A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK 103 CLOSING COSTS, FEES AND CHARGES 104 9. CLOSING COSTS ; TITLE INSURANCE ; SURVEY ; HOME WARRANTY ; SPECIAL ASSESSMENTS : 1066 (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 attomeys' 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 5 (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 118 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) : 1190 Q (i) 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($) 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-DADE/BROWARD REGIONAL PROVISION]: Seller will furnish a copy of a prior owner's policy 1266 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 ❑X N/A will pay for a home warranty plan issued by 135• Company of Buyer's Choice at a cost not to exceed $ 500.00 . A home 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• Q (a) Seller shall pay Installments due prior to Closing and Buyer shall pay Installments due after 146 Closing . Installments prepaid or due for the year of Closing shall be prorated. 146• ❑ (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. Buyer's initials Page 3 of 10 Seller's Initials FloridaRealtors/FloridaBar-ASIS-1 Rev. 6/10 © 2010 Florida Realtors® and The Florida Bar. All rights reserved .