Reso 2007-1120 - Laserfiche WebLink

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13.2 Appraisals. Any and all appraisals required under Chapter 166 of the Florida Statutes. 13,3 Closing Statement. At least four (4) counterparts of a closing statement for this transaction, executed by Buyer. ] 4, Closing Procedure. The Closing shall proceed in the following manner: ] 4.1 Transfer of Funds. Buyer shall pay the Purchase Price to the Seller by wire transfer to the account of Seller. ] 4.2 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.] 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 Special Warranty Deed and any all surtax imposed by Miami-Dade County with respect to the Special Warranty 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 16. Possession. Buyer shall be granted full possession of the Property at Closing. ] 7, Condemnation, ]n the event of the institution of any proceeding by any Governmental Authority other than Buyer, which hereby agrees not to institute such a proceeding) for the proposed taking of any material portion of the Property by eminent domain prior to Closing, or in the event of the taking of any material portion of the Property by eminent domain prior to Closing, Seller shall promptly notify Buyer and Buyer shall thereafter within fifteen (]5) days after receipt by Buyel of the notice Ii-om Seller either (1) terminate this Agreement, whereupon Seller and Buyer shall be released of all further responsibility and Eric Feder 12