6.1 EDSR 04-15-2024 - Laserfiche WebLink

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v.2 (Java) EL185\76\937850.v4 5 6.2.3. Other Documents. Such affidavits of Purchaser, Certificates of Value or other documents may be reasonably required or reasonably requested by the Title Company in order to complete the transaction contemplated by this Agreement. 7. PRORATIONS. The EDA and the Buyer agree to the following prorations and allocation of costs regarding this Agreement: 7.1. Title Insurance and Closing Fees. The EDA shall pay the cost of the title insurance commitment, including any associated title examination and search charges. The Buyer shall pay the cost of any title insurance Buyer elects to purchase or endorsement premiums for such policy. The parties shall share equally the closing fee charged by the Title Company. 7.2. Real Estate Taxes and Special Assessments. The EDA shall pay the state deed tax. The EDA shall also pay, on or before the Closing Date, all special assessments levied, ordered or pending against the Property as of the Closing Date including, without limitation, any installments of special assessments that are payable with general real estate taxes (“Taxes”) in the year in which Closing occurs. The EDA shall pay all Taxes for all of the years prior to the year in which the Closing occurs. Taxes for the year in which the Closing occurs shall be prorated between the parties as of the Closing Date. 7.3. Recording Costs. The EDA shall pay the cost of recording all documents necessary to vest marketable title in the EDA and cure title objections, if any. The Buyer shall pay the cost of recording all other documents, including, but not limited to, the Deed. 7.4. Attorneys’ Fees. Each of the parties shall pay its own attorneys’ fees. 7.5. Brokers’ Fees. The EDA is represented by Ryan Hardin of Hardin Companies (the “EDA’s Broker”). The Buyer is represented by JLL (the “Buyer’s Broker”). Brokerage fees for the EDA’s Broker shall be paid to the EDA’s Broker by the EDA at Closing. These brokerage fees shall be equally split with the Buyer’s Broker. Each party shall indemnify, defend and hold the other party harmless from the claims of any broker hired by that party for fees or commissions. 8. TITLE EXAMINATION. Title examination shall be conducted as follows: 8.1. EDA’s Title Evidence. Within 10 business days of the Effective Date, the EDA shall, at its expense deliver the following (collectively, “Title Evidence”) to the Buyer: 8.1.1. Title Commitment. A title insurance commitment for the Property issued by the Title Company Page 21 of 41