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I <br />0 <br />"0i <br />other party because of that failure. <br />6. Ad valorem taxes for the year in which the balance of the pur- <br />chase price is paid will be pro -rated between the parties. The premium on <br />any hazard insurance policy in force covering any improvements on the prop- <br />erty will be pro -rated between the parties or the policy will be cancelled, as <br />the Buyer may elect. All pro -rating will be as of the date the balance of the <br />purchase price is paid. <br />7. <br />Costs and charges incident to this transaction will be paid as <br />follows: <br />(a) <br />Contract for sale <br />Buyer <br />(b) <br />Deed <br />Buyer <br />(c) <br />i <br />Note and mortgage <br />(d) <br />Stamps on deed <br />Buyer <br />(e) <br />Stamps on note <br />(f) <br />Tax on mortgage <br />(g) <br />Recording deed <br />Buyer <br />(h) <br />Recording mortgage <br />(i) <br />Abstract of title <br />Buyer <br />(j) <br />Examination of Abstract <br />Buyer <br />(k) <br />Title insurance <br />r <br />API <br />8. Possession of the property shall be transferred from the Owner to <br />the Buyer simultaneously with delivery of the warranty deed and payment of the <br />balance of the purchase price, <br />9. In the interpretation of this contract the singular shall be the <br />plural and vice versa whenever the context requires or common sense admits. <br />10. The Buyer may have the property surveyed and the corners <br />thereof established by a registered land surveyor, at the expense of the <br />_ Buyer . Encroachments either way .across the boundary lines of the <br />property or violated building restriction, set -back lines or governmental <br />-3- <br />- 242 <br />