2008-107 - Laserfiche WebLink

Home Browse Search

(c) If Seller 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) If the Seller is a non-resident alien or foreign entity, Seller shall deliver to the County an affidavit, in a form acceptable to the County, certifying that the Seller and any interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980 . (e) The Seiler and the County shall each deliver to the other such other documents or instruments as may reasonably be required to Close this transaction . 6 .2 Taxes. 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 the Seller. 7 . Closing Costs: Expenses . County shall be responsible for preparation of all Closing documents. 7. 1 County shall pay the following expenses at Closing: 7. 1 . 1 The cost of recording the warranty deed and any release or satisfaction obtained by Seller pursuant to this Agreement. 7. 1 .2 Documentary Stamps required to be affixed to the warranty deed . 7 . 1 . 3 All costs and premiums for the owner's marketability title insurance commitment and policy, if any. 7 . 1 .4 Engineering costs incurred by The Banack Family Ltd. Partnership not to exceedA $2 ,000. 00 . The costs shall be paid directly to the engineering firm . .5/t' b 5R . 7 . 1 .5 Attorney's fees and costs of $ 4,000 .00 or,,W<of the purchase price , which ever is greater. S�p 7 . 1 .6 Appraisal fees negotiated with All Real Estate Appraisals. t " g 7 .2 Seller shall pay the following expenses at or prior to Closing: 7 .2 . 1 All costs necessary to cure title defect( s) or encumbrances, other than the Permitted Exceptions , and to satisfy or release of record all existing mortgages , liens or encumbrances upon the Property. 4