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Agenda - Council Work Session - 02/13/2024
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Agenda - Council Work Session - 02/13/2024
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3/13/2025 10:08:39 AM
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2/12/2024 10:44:06 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
02/13/2024
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(b) deliver to Seller or the Title Company such other documents as may be <br /> reasonably required to consummate the Closing, all in a form reasonably <br /> satisfactory to Seller and the Title Company. <br /> 11. Prorations; Closing Costs. <br /> (a) Prorations. Intentionally omitted. <br /> (b) Closing Costs. The parties agree to the allocation of closing costs as set forth in the table <br /> below. Any other closing fees and costs not covered in the below table shall be allocated <br /> between the parties in accordance with the customary practice for vacant land <br /> transactions in Anoka County, Minnesota. <br /> Buyer Closing Cost Seller <br /> X Owner's Policy Premium and <br /> Endorsements <br /> (if applicable) <br /> X Search and Examination and <br /> Title Commitment Fee of Title <br /> Company(if applicable) <br /> X Escrow/Closing Fee of Title <br /> Company <br /> (if applicable) <br /> X State Deed Tax <br /> (if applicable) <br /> X Mortgage Registration Tax <br /> (as applicable) <br /> X Cost to Prepare and Record the <br /> Deed <br /> X Cost to Record Satisfactions of <br /> Liens(as applicable) <br /> Seller's Attorney Fees X <br /> X Buyer's Attorney Fees <br /> 12. Brokerage. Seller and Buyer represent and warrant to each other that they have not engaged the <br /> services of any broker in connection with the sale and purchase contemplated by this Agreement. <br /> 13. Miscellaneous. The following general provisions govern this Agreement. <br /> (a) Time. All references in this Agreement to "days" shall mean calendar days unless <br /> expressly referred to as "business days." If the day for performance of any obligation <br /> under this Agreement is a Saturday, Sunday or legal holiday, then the time for <br /> performance of that obligation shall be extended to the first following day that is not a <br /> Saturday, Sunday or legal holiday. <br /> (b) Time of Essence. Time is of the essence of this Agreement. <br /> (c) Governing Law. This Agreement is made and executed under and in all respects to be <br /> governed and construed by the laws of the State of Minnesota and the parties hereto <br /> hereby agree and consent and submit themselves to any court of competent jurisdiction <br /> 4 <br /> 4892-6090-9699,v.6 <br />
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