2022-109 - Laserfiche WebLink

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7.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") shall take place within 45 days following the Effective Date of this Agreement. The parties agree that the Closing shall be as follows: (a) Ms. Burgess shall execute and deliver to the County a warranty deed conveying marketable title to the Property, free and clear of all liens and encumbrances and in the condition required by paragraphs 3 and 4 respectively. (b) Ms. Burgess shall be entitled to one year of extended possession without compensation and at the end of the one-year period, shall have removed all of her personal property and equipment from the Property and shall deliver possession of the Property to County vacant and in the same or better condition that existed at the Effective Date hereof. The Parties shall enter into a mutually agreeable lease at the time of closing. (c) If Ms. Burgess is obligated to discharge any encumbrances at or prior to Closing and fails to do so, County may use a portion of Purchase Price funds to satisfy the encumbrances. (d) Ms. Burgess shall deliver to the County an affidavit, in form acceptable to the County, certifying that Ms. Burgess is not a non-resident alien or foreign entity, such that Ms. Burgess and such interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980. (e) Ms. Burgess and the County shall each deliver to the other such other documents or instruments as may reasonably be required to Close this transaction, including any corrective documents. 7.2. Closing Costs; Expenses. County shall be responsible for preparation of all Closing documents. County shall pay the following expenses at Closing: (a) The cost of recording the warranty deed and any release or satisfaction obtained by Seller pursuant to this Agreement. (b) Documentary Stamps required to be affixed to the warranty deed. (c) All costs and premiums for the owner's marketability title insurance commitment and policy, if any. (d) Appraisal fees in the amount of $12,000.00 to Cantrell Ray Real Estate, LLC. (e) Attorney's fees in the amount of $20,000.00 representing approximately 4% of the purchase price to Brent Simon Law Group. (f) Moving expenses in the amount of $10,000.00 to Venda R. Burgess 8. Prorations. All taxes and special assessments which are a lien upon the property on or prior to the Closing Date (except current taxes which are not yet due and payable) shall be paid by Ms. Burgess. If the Closing Date occurs during the time interval commencing on November 2 and ending on December 31, Ms. Burgess shall pay all current real estate taxes and special assessments levied against the Property, prorated