4.1. ERMUSR 07-12-2016 - Laserfiche WebLink

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6. PRORATIONS. Sellers and Buyer shall make the following prorations and allocations at the Closing: (a) Title Insurance and Closing Fee. Buyer shall pay the cost of the Title Commitment, the related title searches and a GAP endorsement. Buyer shall pay the cost of the premium for the Title Policy and all other endorsements. Sellers and Buyer will each pay one-half of any rea -nable -nd customary closing fee or charge imposed by the Title Company or it ;- . - . closing agent. 4`au,,�/ ,�+ // (b) Deed Tax. 5�clrs-s ll p. all stat- deed tax due on the Deed to be delivered by Sellers under this Agreement. (c) Real Estate Taxes and Special Assessments. Sellers shall pay or cause to be paid all general real estate taxes payable for the Property in the years prior to the year in which the Closing occurs, and any deferred or Green Acres real estate taxes. Sellers and Buyer shall prorate the general real estate taxes and installments of special assessments, if any, payable for the Property in the year of closing as of the Closing Date bav_d upon the Galen., ea . (d) Recording Costs Seu -wpa 0 e cos, of recording all documents necessary to place record title in Sellers. yer will pay the cost of recording all other documents. (e) Attorneys' Fees. Sellers and Buyer shall each pay its own attorneys' fees in connection with the preparation and negotiation of this Agreement and the Closing, except that a party defaulting under this Agreement or any of its respective Closing Documents shall pay the reasonable attorneys' fees and court costs incurred by the nondefaulting party to enforce its rights regarding such default. (f) Utilities. Final readings on all gas,water and electric meters shall be made as of the Closing Date,or as soon thereafter as is possible. Sellers shall be responsible for all charges for consumption of utilities through the Closing Date. (g) Operating Costs. Other operating costs shall be prorated between the Sellers and Buyer as of the Closing Date, with Sellers paying all such items applicable to the period through the Closing Date. (h) Rent. Sellers shall receive all rent from tenant under the terms of the Lease through the Closing Date and Buyer shall receive rent under the Lease thereafter. Sellers shall assign the security deposit under the Lease to Buyer. 7. OPERATION PRIOR TO CLOSING. During the period from the Effective Date through the Closing Date(the"Executory Period"), Sellers shall not execute any contracts, leases, or other agreements regarding the Property,nor perform any act that would impair or encumber the title to the Property or affect the condition of the Property. 5 187865v2 75