Common use of CLOSING COSTS AND ADJUSTMENTS Clause in Contracts

CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASER, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLER. Purchaser and Seller agree to prorate the following expenses as of closing: real estate taxes, municipal water and sewer charges, utility charges, common area charges, condominium or planned unit development or similar community assessments, cooperative fees, maintenance fees, and rents, if any. Payment of special assessment district bonds and assessments, and payments of homeowner’s association special assessments shall be paid current and prorated between Purchaser and Seller as of the closing date with payments not yet due and owing to be assumed by Purchaser without credit toward the Purchase Price. Purchaser and Seller shall pay their own closing/settlement fee, and attorney’s fees. Seller will not pay for state transfer tax, Home Owners Association (HOA) transfer fees, or fees associated with closing unless otherwise specified herein. Seller shall not be responsible for any amounts due, paid, or to be paid to anyone post-closing. In the event Seller has paid any taxes, special assessments or other fees and there is a refund of any such taxes, assessments or fees after the closing, and Purchaser as current owner of the Property receives the payment, Purchaser will immediately submit the refund to Seller. Purchaser recognizes and expressly accepts that the Seller is exempt from paying any and all form of taxes to local and state authorities, including any transfer taxes associated with the recordation of deeds or any other document associated with the transfer of property by the United States of America. Should the local and/or state jurisdiction within which the Property is sited nonetheless require full payment of those costs (other than real estate taxes, which shall be prorated as of Closing) then, regardless of local custom or any provision in the Contract to the contrary, Purchaser shall be fully responsible for the payment of those costs to complete the transaction. Notwithstanding the provisions of this Section 11, Seller will pay for the recording of the Deed.

CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASER, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLER. Purchaser (a) The Buyer and the Seller agree to prorate the following expenses as of closingclosing and funding: real estate taxes, municipal water and sewer charges, utility charges, real estate taxes and assessments, common area charges, condominium or planned unit development or similar community assessments, cooperative co-operative fees, maintenance fees, and rents, if any. In determining prorations, the Closing Date shall be allocated to the Buyer. Payment of special assessment district bonds and assessments, and payments payment of homeowner’s association or special assessments shall be paid current and prorated between Purchaser the Buyer and the Seller as of the closing date Closing Date with payments not yet due and owing to be assumed by Purchaser the Buyer without credit toward the Purchase Pricepurchase price. Purchaser The Property taxes shall be prorated based on an estimate or actual taxes from the previous year on the Property. All prorations shall be based upon a 30-day month and Seller all such prorations shall pay their own closing/settlement fee, and attorney’s feesbe final. Seller will not pay for state transfer tax, Home Owners Association (HOA) transfer fees, or fees associated with closing unless otherwise specified herein. The Seller shall not be responsible for any amounts due, paid, or to be paid after closing, including, but not limited to, any taxes, penalties or interest assessed or due as a result of retroactive, postponed or additional taxes resulting from any change in use of, or construction on, or improvement to anyone post-closingthe Property, or an adjustment in the appraised or assessed value of the Property. If the Property is heated by, or has storage tanks for fuel oil, liquefied petroleum gases, or similar fuels, the Buyer will buy the fuel in the tank at closing at the current price as calculated by the supplier. In the event the Seller has paid any taxes, special assessments assessments, or other fees and there is a refund of any such taxes, assessments assessments, or fees after the closing, and Purchaser Buyer, as the then current owner of the Property receives Property, or the paymentclosing agent, Purchaser will in the event of a holdback for payment of such items, shall immediately submit remit the refund to the Seller. Purchaser recognizes Seller shall only pay those closing costs and expressly accepts that the Seller is exempt from paying any and all form of taxes to local and state authorities, including any transfer taxes associated with the recordation of deeds or any other document fees associated with the transfer of property by the United States of America. Should the local and/or state jurisdiction within which the Property is sited nonetheless require full payment of those costs (other than real estate taxes, which shall be prorated as of Closing) then, regardless of that local custom or practice clearly allocates to Seller and any provision closing costs and fees specifically agreed to in the Contract to the contrarySection 6, Purchaser and Buyer shall be fully responsible for the payment of those costs to complete the transactionpay all remaining fees and costs. Notwithstanding the provisions foregoing, FHA/VA allocation of this Section 11closing costs shall apply when applicable. The Seller shall pay the real estate commission per the listing agreement between the Seller and the Seller’s listing broker. Unless disclosed to Seller, Seller will pay for Buyer represents that Buyer is not a real estate licensee, and that the recording of the Deedreal estate licensee representing Buyer is not related to, or affiliated with Buyer.

CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASER, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLER. Purchaser and Seller agree to prorate the following expenses as of closing: real estate taxes, municipal water and sewer charges, utility charges, common area charges, condominium or planned unit development or similar community assessments, cooperative fees, maintenance fees, and rents, if any. Payment of special assessment district bonds and assessments, and payments of homeowner’s association special assessments shall be paid current and prorated between Purchaser and Seller as of the closing date with payments not yet due and owing to be assumed by Purchaser without credit toward the Purchase Price. Purchaser and Seller shall pay their own closing/settlement fee, and attorney’s Seller attorney fees. Seller will not pay for state transfer tax, Home Owners Association (HOA) transfer fees, or fees associated with closing unless otherwise specified herein. Seller shall not be responsible for any amounts due, paid, or to be paid to anyone post-after closing. In the event Seller has paid any taxes, special assessments or other fees and there is a refund of any such taxes, assessments or fees after the closing, and Purchaser as current owner of the Property receives the payment, Purchaser will immediately submit the refund to Seller. Purchaser recognizes and expressly accepts that the Seller is exempt from paying any and all form of taxes to local and state authorities, including any transfer taxes costs associated with the recordation of deeds, deeds of trust or any other document associated with the transfer of property by or to the United States of America. Should the local and/or state jurisdiction within which the Property is sited resides nonetheless require full payment of those costs (other than real estate taxes, which shall be prorated as of Closingclosing) then, regardless of local custom or any provision in the Contract to the contrary, Purchaser shall be fully responsible for the payment of those costs to complete the transaction. Notwithstanding the provisions of this Section 11, Seller will pay for the recording of the Deed.

CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASERExcept and to the extent provided below all closing costs are the responsibility of the Purchaser, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLERincluding costs customarily paid by the Seller unless otherwise agreed upon by the Seller. Excepting however, that Purchaser and Seller shall be responsible for their own Settlement Fees, Attorney Xxxx and title work ordered by each respective party. Seller agrees to pay up to a maximum of $0.00 of Purchaser'(s) closing costs exclusive of prepaids and as allowed by lender (the “Seller Closing Cost Credit”). Any unused portion of these funds shall be returned to Seller. Purchaser and Seller agree to prorate the following expenses as of closing: real estate taxes, municipal water and sewer charges, utility charges, common area charges, condominium or planned unit development or similar community assessments, cooperative fees, maintenance fees, and rents, if any. Payment of special assessment district bonds and assessments, and payments of homeowner’s association special assessments shall be paid current and prorated between Purchaser and Seller as of the closing date with payments not yet due and owing to be assumed by Purchaser without credit toward the Purchase Price. Purchaser and Seller shall pay their own closing/settlement fee, and attorney’s fees. Seller will not pay for state transfer tax, Home Owners Association (HOA) transfer fees, or fees associated with closing unless otherwise specified herein. Seller shall not be responsible for any amounts due, paid, paid or to be paid to anyone post-after closing. In the event Seller has paid any taxes, special assessments or other fees and there is a refund of any such taxes, assessments or fees after the closing, and Purchaser as current owner of the Property receives the payment, Purchaser will immediately submit the refund to Seller. Purchaser recognizes and expressly accepts that the Seller is exempt from paying any and all form of taxes to local and state authorities, including any transfer taxes costs associated with the recordation of deeds, deeds of trust or any other document associated with the transfer of property by or to the United States of America. Should the local and/or state jurisdiction within which the Property is sited sits nonetheless require full payment of those costs (other than real estate taxes, which shall be prorated as of Closing) then, regardless of local custom or any provision in the Contract to the contrary, Purchaser shall be fully responsible for the payment of those costs to complete the transaction. Notwithstanding this provision, the provisions of this Section 11Purchaser may apply the Seller Closing Cost Credit, Seller will pay if any, toward reimbursement for the recording of the Deedsuch costs, in whole or in part.

CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASER, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLER. Purchaser (a) The Buyer and the Seller agree to prorate the following expenses as of closingclosing and funding: real estate taxes, municipal water and sewer charges, utility charges, real estate taxes and assessments, common area charges, condominium or planned unit development or similar community assessments, cooperative co-operative fees, maintenance fees, and rents, if any. In determining prorations, the Closing Date shall be allocated to the Buyer. Payment of special assessment district bonds and assessments, and payments payment of homeowner’s association or special assessments shall be paid current and prorated between Purchaser the Buyer and the Seller as of the closing date Closing Date with payments not yet due and owing to be assumed by Purchaser the Buyer without credit toward the Purchase Pricepurchase price. Purchaser The Property taxes shall be prorated based on an estimate or actual taxes from the previous year on the Property. All prorations shall be based upon a 30-day month and Seller all such prorations shall pay their own closing/settlement fee, and attorney’s feesbe final. Seller will not pay for state transfer tax, Home Owners Association (HOA) transfer fees, or fees associated with closing unless otherwise specified herein. The Seller shall not be responsible for any amounts due, paid, or to be paid after closing, including, but not limited to, any taxes, penalties or interest assessed or due as a result of retroactive, postponed or additional taxes resulting from any change in use of, or construction on, or improvement to anyone post-closingthe Property, or an adjustment in the appraised or assessed value of the Property. If the Property is heated by, or has storage tanks for fuel oil, liquefied petroleum gases, or similar fuels, the Buyer will buy the fuel in the tank at closing at the current price as calculated by the supplier. In the event the Seller has paid any taxes, special assessments assessments, or other fees and there is a refund of any such taxes, assessments assessments, or fees after the closing, and Purchaser Buyer, as the then current owner of the Property receives Property, or the paymentclosing agent, Purchaser will in the event of a holdback for payment of such items, shall immediately submit remit the refund to the Seller. Purchaser recognizes Seller shall only pay those closing costs and expressly accepts that the Seller is exempt from paying any and all form of taxes to local and state authorities, including any transfer taxes associated with the recordation of deeds or any other document fees associated with the transfer of property by the United States of America. Should the local and/or state jurisdiction within which the Property is sited nonetheless require full payment of those costs (other than real estate taxes, which shall be prorated as of Closing) then, regardless of that local custom or practice clearly allocates to Seller and any provision closing costs and fees specifically agreed to in the Contract to the contrarySection 6, Purchaser and Buyer shall be fully responsible for the payment of those costs to complete the transactionpay all remaining fees and costs. Notwithstanding the provisions foregoing, FHA/VA allocation of this Section 11closing costs shall apply when applicable. The Seller shall pay the real estate commission per the listing agreement between the Seller and the Seller’s listing broker. Unless disclosed to Seller, Seller will pay for Xxxxx represents that Buyer is not a real estate licensee, and that the recording of the Deedreal estate licensee representing Buyer is not related to, or affiliated with Buyer.

CLOSING COSTS AND ADJUSTMENTS. EXCEPT AS PROVIDED BELOW ALL CLOSING COSTS ARE THE RESPONSIBILITY OF THE PURCHASERExcept and to the extent provided below all closing costs are the responsibility of the Purchaser, INCLUDING COSTS CUSTOMARILY PAID BY THE SELLER UNLESS OTHERWISE AGREED UPON BY THE SELLERincluding costs customarily paid by the Seller unless otherwise agreed upon by the Seller. Excepting however, that Purchaser and Seller shall be responsible for their own settlement fees, attorney fees and title work ordered by each respective party. Seller agrees to pay a credit not to exceed $ for Purchaser'(s) closing costs exclusive of prepaids and as allowed by lender (the “Seller Closing Cost Credit”). Purchaser and Seller agree to prorate the following expenses as of closing: real estate taxes, municipal water and sewer charges, utility charges, common area charges, condominium or planned unit development or similar community assessments, cooperative fees, maintenance fees, and rents, if any. Payment of special assessment district bonds and assessments, and payments of homeowner’s association special assessments shall be paid current and prorated between Purchaser and Seller as of the closing date with payments not yet due and owing to be assumed by Purchaser without credit toward the Purchase Price. Purchaser and Seller shall pay their own closing/settlement fee, and attorney’s fees. Seller will not pay for state transfer tax, Home Owners Association (HOA) transfer fees, or fees associated with closing unless otherwise specified herein. Seller shall not be responsible for any amounts due, paid, paid or to be paid to anyone post-after closing. In the event Seller has paid any taxes, special assessments or other fees and there is a refund of any such taxes, assessments or fees after the closing, and Purchaser as current owner of the Property receives the payment, Purchaser will immediately submit the refund to Seller. Purchaser recognizes and expressly accepts that the Seller is exempt from paying any and all form of taxes to local and state authorities, including any transfer taxes costs associated with the recordation of deeds, deeds of trust or any other document associated with the transfer of property by or to the United States of America. Should the local and/or state jurisdiction within which the Property is sited sits nonetheless require full payment of those costs (other than real estate taxes, which shall be prorated as of Closingclosing) then, regardless of local custom or any provision in the Contract to the contrary, Purchaser shall be fully responsible for the payment of those costs to complete the transaction. Notwithstanding this provision, the provisions of this Section 11Purchaser may apply the Seller Closing Cost Credit, Seller will pay if any, toward reimbursement for such costs (other than a tax imposed on the recording of the DeedSeller), in whole or in part.