5.7. SR 04-04-2011 - Laserfiche WebLink

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(9) Amendment of Declaration. The Amendment of Declaration as required in paragraph 3e herein. (10) Other Documents. All other documents required by the Title Company or Buyer which are reasonably necessary to transfer the Property to Buyer under this Agreement and record the Deed and other closing documents. b. Buyer's Closing Documents. On the Closing Date, Buyer will execute and deliver to Seller the following ("Buyer's Closing Documents"): (1) Closing Payment. The Closing Payment. (2) Title Documents. Such affidavits of Buyer, Certificates of Value or other documents as maybe reasonably required by the Title Company to record the Seller's Closing Documents and issue the Title Policy. 5. Prorations. Seller and Buyer agree to the following prorations and allocation of costs regarding this Agreement: a. Title Insurance and Closing Fee. Seller will pay all costs of the Title Evidence, and any fees charged by the Title Company for any escrow required regarding Buyer's Objections. Buyer will pay all premiums required for the issuance of a Owner's Title Policy. Seller and Buyer will each pay one-half (1/z) of any reasonable and customary closing fee or charge imposed by the Title Company. b. Deed Tax. Seller will pay all state deed tax regarding the Warranty Deed or any deed to be delivered by Seller under this Agreement. c. Real Estate Taxes and Special Assessments. Except as provided herein, Seller shall pay on the Closing Date all special assessments levied, and constituting a lien against the Property as of the Closing Date. Seller and Buyer will prorate general real estate taxes in the year of closing as of the Closing Date based upon a calendar year. Seller will pay all deferred real estate taxes or special assessments which may become payable as a result of the sale contemplated by this Agreement. Buyer will pay or assume any special assessments that may become levied or pending after the Closing Date. Buyer will pay all real estate taxes on the Property due and payable after the year of Closing. d. Recordang Costs. Seller will pay the cost of recording all documents necessary to place record title in the condition warranted and requested of Seller in this Agreement. Buyer will pay the cost of recording all other documents. e. Attorneys' Fees. Each of the parties will pay its own attorneys' fees, except that a party defaulting under this Agreement or any closing document will pay the reasonable attorneys' fees and court costs incurred by the non-defaulting parry to enforce its rights regarding such default. GP:2945285 v4 4