Common use of Prorations; Closing Costs Clause in Contracts

Prorations; Closing Costs. Taxes and assessments for the current year, collected rents, interest, prepaid premiums for insurance to be assigned to Buyer, if any, utilities constituting liens and other items of income and direct expense relating to the Property (including without limitation existing service or supply contracts, owner's association dues, etc.) shall be prorated as of the date of closing. On closing Seller either will assign and transfer to Buyer or give Buyer a credit in the amount of all tenant deposits, if any, held by Seller. Seller shall pay the premium for the title insurance policy, real estate excise taxes, the cost of conveyance tax stamps, assumption fees and charges except to the extent agreed to be paid by Buyer, the cost of recording the deed of trust given to Seller hereunder, if any, and one-half of Closing Agent's escrow fee. Buyer shall pay the cost of recording the statutory warranty deed, the amount of any assumption fees or charges agreed to be paid by Buyer herein, one-half (1/2) of Closing Agent's escrow fee, and sales tax applicable to personal property, if any. If any personal property taxes have been levied or assessed against the personal property, such taxes payable during the calendar year in which this sale closes shall be paid in full by Seller and taxes payable during the following calendar year shall be prorated as if they were payable during the current calendar year. All such personal property taxes shall be determined and paid on a

Prorations; Closing Costs. Taxes and assessments for the current year, collected rents, interest, prepaid premiums for insurance to be assigned to BuyerLender, if any, utilities constituting liens and other items of income and direct expense relating to the Real Property (including without limitation existing service or supply contracts, owner's association dues, etc.) shall be prorated as of the date of closing. On closing Seller Borrower either will assign and transfer to Buyer Lender or give Buyer Lender a credit in the amount of all tenant deposits, if any, held by SellerBorrower. Seller Borrower shall pay the premium for the title insurance policy, real estate excise taxes, the cost of conveyance tax stamps, assumption fees and charges except to the extent agreed to be paid by Buyer▇▇▇▇▇▇, the cost of recording the deed of trust given to Seller hereunder, if any, and one-half of Closing Agent's escrow fee. Buyer shall pay the cost of recording the statutory warranty deed, the amount of any assumption fees or charges agreed to be paid by Buyer herein, one-half (1/2) of Closing Agent's escrow fee, and sales tax applicable to personal property, if any, and one‑half of Closing Agent's escrow fee. ▇▇▇▇▇▇ shall pay the cost of recording the Deed and one‑half of Closing Agent's escrow fee. If any personal property taxes have been levied or assessed against the personal propertyPersonal Property, such taxes payable during the calendar year in which this sale transaction closes shall be paid in full by Seller Borrower and taxes payable during the following calendar year shall be prorated as if they were payable during the current calendar year. All such personal property taxes shall be determined and paid on aa quick‑collect basis at closing.