Reso 2003-534 - Laserfiche WebLink

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recording the deed shall be paid by Buyer. The cost of recording any corrective instruments shall be paid by Seller. 8. Prorations. 'Phe real estate taxes for the year in which the transaction is closed shall be prorated as of the Closing Date and the pro rata amount thereof shall be credited against the Cash Balance. The proration shall be based upon the previous year's taxes, if the current year's assessment is not available. Seller shall pay all assessments and liens for public improvements against the Property, if any, which are as of the Effective Date certified liens. Buyer shall assume and pay all assessments and liens, if any, for public improvements which become certified subsequent to the Effective Date. Either party may request and shall be entitled to a reproration of taxes when the actual amount for the year of Closing is levied. 9. Seller to Furnish Evidence of Title. 9.1 Within forty-five (45) days from the Effective Date, Buyer, at Buyer's expense, shall obtain an Owner's Title Insurance Commitment issued by a title insurer qualified to do business in Florida and acceptable to Buyer and shall insure fee simple title to the Property which is good and marketable and free and clear of all liens, encumbrances, restrictions, easements, and conditions not acceptable to Buyer, in its sole discretion, except as specified in this Agreement. 9.2 In the event title is not found by Buyer's attorney to be good and marketable, the objections to title shall be specified in writing and delivered to Seller within thirty (30) days after delivery of such Owner's Title Insurance Commitment ("Title Defects"), and Seller shall cure such Title Defects prior to Closing. 9.3 If Seller, after the exercise of reasonable and due diligence, shall have been unable 5