Agenda - Council - 01/26/2021 - Laserfiche WebLink

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i. A limited warranty deed, duly executed and acknowledged on behalf of the City and with the City's seat affixed, conveying title to the Property, subject to (A) the lien of real estate taxes,, 'if any,, not yet due and payable and any installments of special assessments certified for payment therewith; (B) Building, Subdivision and Zoning Ordinances; (C) Matters that would be disclosed by an accurate survey of the Property-, and (D) matters that constitute Permitted Exceptions pursuant to Section 6; Li A certified copy of a duly adopted it Ordinance and Resolution authorizing Seller's sale of the Property to Buyer; and ill. Seller's affidavits, well disclosure certificate if required), settlement statement approved by Seller and Buyer, and any other documents required by the Escrow Agent. b. BUYrer's Obligations at CI sin a At Closing, Buyer must: i. Wire Transfer (or deliver a certified the in an amount equal to the amount of the Purchase Price adjusted for to reflect Buyer's prior payment of the Earnest Money and to reflect amounts Buyer must pay or wi I I receive pursuant to Section 14(c), to Escrow Agent for disbursement to Seller and others pursuant to this Agreement and the Settlement Statement,- and I c Cert"ficate of Real Estate n He or cause Escrow Agent to file an Electronic I Value, if required and necessary. C. closinf! Costs. L 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 shall pay al.1 outstanding property taxes, including but not limited to, Payable 2019 for the Property. 2. Seller's own attorney's fees. 3. One-half the cost of any closing fees. 4. The cost of real estate broker commission fees as prescribed in Section 14. 5. State Deed Tax fi. At Closing Buyer must pay the Purchase Price to Seller and the following costs and expenses: 1. Buyer"s portion of prorated property taxes. Page 7 of 13