SETTLEMENT CHARGES. (a) At Settlement, Buyer shall pay all Settlement charges, including title insurance premiums, recording and acknowledgment fees, fire insurance premiums, mortgagee service charges and escrow account items, credit report and appraisal fees, reserves for taxes and insurance, conveyancing and recording charges and notary fees. Homeowner’s Association assessments, water and sewer rent and any other apportionable assessments, and utilities shall be apportioned pro rata as of the Settlement Date. Real estate taxes shall be pro rated on the basis of the last ascertainable tax ▇▇▇▇. Buyer acknowledges that interim assessments are issued by the Board of Assessment as the house is being constructed. Any interim tax bills received after Settlement shall be solely the responsibility of Buyer. (b) Realty transfer taxes shall be borne equally by Buyer and Seller. (c) Buyer shall at Settlement also pay to the Homeowner’s Association a nonrefundable working capital contribution in the amount of One Thousand Dollars ($1,000.00).
Appears in 3 contracts
Sources: Sale Agreement, Sale Agreement, Agreement of Sale
SETTLEMENT CHARGES. (a) At Settlement, Buyer shall pay all Settlement charges, including title insurance premiums, recording and acknowledgment fees, fire insurance premiums, mortgagee service charges and escrow account items, credit report and appraisal fees, reserves for taxes and insurance, conveyancing and recording charges and notary fees. Homeowner’s Association assessments, water and sewer rent and any other apportionable assessments, and utilities shall be apportioned pro rata as of the Settlement Date. Real estate taxes shall be pro rated on the basis of the last ascertainable tax bill. ▇▇▇▇. Buyer ▇ acknowledges that interim assessments are issued by the Board of Assessment as the house is being constructed. Any interim tax bills received after Settlement shall be solely the responsibility of Buyer.
(b) Realty transfer taxes shall be borne equally by Buyer ▇▇▇▇▇ and Seller.
(c) Buyer shall at Settlement also pay to the Homeowner’s Association a nonrefundable working capital contribution in the amount of One Thousand Dollars ($1,000.00).
Appears in 1 contract
Sources: Agreement of Sale
SETTLEMENT CHARGES. (a) At Settlement, Buyer shall pay all Settlement charges, including title insurance premiums, recording and acknowledgment fees, fire insurance premiums, mortgagee service charges and escrow account items, credit report and appraisal fees, reserves for taxes and insurance, conveyancing and recording charges and notary fees. Homeowner’s Association assessments, water and sewer rent and any other apportionable assessments, and utilities shall be apportioned pro rata as of the Settlement Date. Real estate taxes shall be pro rated on the basis of the last ascertainable tax ▇▇▇▇. Buyer acknowledges that interim assessments are issued by the Board of Assessment as the house is being constructed. Any interim tax bills received after Settlement shall be solely the responsibility of Buyer.
(b) Realty transfer taxes shall be borne equally by Buyer and Seller.
(c) Buyer shall at Settlement also pay to the Homeowner’s Association a nonrefundable working capital contribution in the amount of One Thousand Dollars D ollars ($1,000.00).
Appears in 1 contract
Sources: Sale Agreement