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closing. <br />14. Proration of Taxes: <br />All taxes for the current year <br />on the Subject Assets shall be prorated as of the date of closing. <br />Seller shall pay to Purchaser all said taxes prorated to Seller at <br />closing. By acceptance of said payment, Purchaser agrees to <br />assume the obligation to pay all said taxes. <br />15. Closing Costs: Seller shall pay for documentary <br />stamps on the deed and the title insurance on the real property <br />and sewer and water system. The Purchaser shall pay the cost of <br />recording the deed and any instrument of indebtedness. Purchaser <br />shall pay for documentary stamps on the promissory note. <br />16. Condition of Subject Assets: Seller agrees and <br />warrants to continue normal operations, maintenance and repair of <br />the Subject Assets until the date of closing. At the time of <br />closing, the Subject Assets shall be in operating condition. <br />17. Improvements: The Seller shall not make additional <br />capital improvements, or investments in the Subject Assets unless <br />it has written consent of Purchaser. Normal maintenance shall <br />continue and not be considered a capital expense. The replacement <br />of parts and repairs shall not increase the purchase price. <br />18. New Developer Agreements: Seller agrees not to <br />enter into any new extension agireements-or developers'. agreements <br />after the execution of this Agreement without first obtaining <br />prior approval of Purchaser. <br />19. Execution of Counterparts: This Agreement may be <br />executed simultaneously with two or more counterparts, each of <br />which shall be deemed an original, and it shall not be necessary <br />in making proof of this Agreement to produce or account for more <br />than one executed counterpart. <br />20. Amendment: This Agreement may be amended only by an <br />instrument in writing signed by each of the parties hereto. <br />21. Benefit: All of the provisions of this Agreement <br />shall be binding upon and inure to the benefit of and be enforce- <br />able by the legal representatives, successors, assigns, and <br />nominees of the Seller and the Purchaser respectively. <br />22. Enforceability: This Agreement is being delivered <br />and <br />is <br />intended <br />to be performed in the <br />State of Florida <br />and shall <br />MAY <br />5 <br />1982 <br />-9- <br />P, , 49 <br />PAKW9 <br />