Reso 2001-342 - Laserfiche WebLink

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14.1 Transfer of Funds. Buyer shall pay the Purchase Price to the Seller by wire transfer to the account of Seller. 14.2 Delivery of Documents. Seller shall deliver Seller's Closing Documents to the Buyer upon receipt of the Purchase Price. Simultaneously, Buyer shall deliver the Buyer's Closing Documents to Seller. The foregoing may be accomplished by a mutually acceptable escrow arrangement. 15. Closing Costs. Taxes. Prorations and Impact Fees. 15.1 Ad Valorem Taxes. Seller shall comply with Section 196.295, Florida Statutes, with respect to the payment of prorated and ad valorem taxes for the year of closing into escrow with the Miami-Dade County Revenue Collector. 15.2 Seller's Closing Costs. Seller shall pay for the following items prior to or at the time of Closing: Cost of providing marketable title as provided herein; documentary stamps on the Personal Representatives' Deed and any all surtax imposed by Dade County with respect to the Personal Representatives' Deed. 15.3 Buyer's Closing Costs. Buyer shall pay for the following items prior to or at the time of Closing: Recording of Deed; title insurance premium and title search and examination costs; survey costs, appraisal costs, costs of the Phase I Environmental Assessment Report and other inspections performed pursuant to this Agreement and related expenses and all costs and expenses of any financing of Buyer's acquisition of the Property contemplated hereby 15.4 Proration of Rent and Other Lease Payments. All rent and other payments to be made to Seller by Lessee under the Tony Roma's Lease shall be apportioned and adjusted between Seller and Buyer at the Closing as of 11 :59 P.M. of the day preceding the Closing Date (the "Adjustment Date"), including, without limitation, the percentage rent payments and payment of real estate taxes provided for in the Tony Roma's Lease. All such amounts which have accrued but are unpaid to Seller as of the Adjustment Date shall be paid by Buyer to Seller at Closing and Buyer shall thereafter have the exclusive right to receive such payments from Lessee. The procedures set forth below shall govern the apportionments to be made under this Agreement. If the amount of any payment payable under the Tony Roma's Lease (including, without limitation, percentage rent and real estate taxes has not been determined prior to the Closing Date, such payment shall be apportioned based on the amount of such payment due during the previous payment period (i.e, month or year, as the case may be) for such payment. Such apportionments shall be adjusted after the Closing based on the actual amounts due, when determined, and at such time Buyer shall furnish Seller with statements in reasonable detail showing the calculation of such apportionments, rents and payments. The provisions of this Section 15.4 shall survive the Closing. 1-Ml/413923,3 14