Agenda - Council - 04/11/2017 - Laserfiche WebLink

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d. Closing Costs. i. At Closing, the following Seller closing costs and expenses must be paid from the Purchaser Price or, if the Purchase Price is not sufficient,paid by Seller: 1. Seller's portion of the property taxes prorated to the date of closing. 2. Seller's own attorney's fees. 3. One-half the cost of any closing fees. 4. State deed tax. 5. The cost of providing Title Commitment as prescribed in Section 6. 6. The cost of real estate broker commission fees as prescribed in Section 15. ii. At Closing Buyer must pay the Purchase Price to Seller and the following costs and expenses: 1. Buyer's portion of prorated property taxes. 2. Buyer's own attorney's fees. 3. One-half the cost of any closing fees. 4. Documentary and recording fees for the deed(s). 5. The cost of the owner's title insurance policy if Buyer elects to purchase an Owner's title insurance policy. e. Possession. Seller must deliver possession of the Property to Buyer at Closing. 13.REAL ESTATE BROKERS. Seller and Buyer represent and warrant to each other that they have dealt with no brokers other than Nathen Hansen of Colliers International,who represents Seller. Seller is solely responsible for paying its broker's commission. Seller and Buyer agree to indemnify each other and to hold each other harmless against all claims, damages, costs or expenses of or for any broker's fees or commissions resulting for their actions or agreements regarding the execution or performance of this Agreement, and will pay all costs of defending any action or lawsuit brought to recover any such fees or commissions incurred by the other party, including reasonable attorney's fees. 14. ASSIGNMENT. This Agreement may not be assigned without the written consent of the non-assigning Party. 15. THIRD PARTY BENEFICIARY. There are no third party beneficiaries of this Agreement, intended or otherwise. Page 7of11