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R2007-213 AUTHORIZING CONVEYANCE OF REAL PROPERTY
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R2007-213 AUTHORIZING CONVEYANCE OF REAL PROPERTY
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Last modified
10/23/2015 4:27:30 PM
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10/23/2015 4:27:29 PM
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Resolution/Ordinance
Res Ord Num
R2007-213
Res Ord Title
AUTHORIZING CONVEYANCE OF REAL PROPERTY - 4191 WEST U.S. ROUTE 36
Approved Date
11/19/2007
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Bookm 3870 �age: 5�1 <br /> cosfis of necessary endorsements to the title insurance policy. Buyer and Seller <br /> shall furnish immediately upon request all information legally required for <br /> financing or transfer of title. <br /> Buyer shall pay all recording fees, all money lender's charges, transaction <br /> stamps and any additional title insurance charges not customarily charged to and <br /> paid by Seller. <br /> 6. Real Estate Taxes. Seller shall pay at closing, or if the Real <br /> Estate Tax Bill has not been received by the closing date, Seller shall give Buyer <br /> credit for all real estate taxes due or accrued on or before October 15, 2007. In <br /> the event the Real Estate Tax Bill for 2007 has not been received as of the date <br /> of closing, credit to Buyer for general Real Estate Taxes shall be computed on <br /> the basis of the most current tax information at the time of closing. At the time <br /> the actual 2007 Real Estate Tax Bill is received by Buyer, the taxes shall be <br /> reprorated based on the actual tax bitl and appropriate adjustment made to the <br /> prorations done at closing to reflect each party's pro-rata share of the actual tax <br /> bill. Real Estate Taxes that accrued subsequent to October 15, 2007 through the <br /> closing date shall be paid pursuant to the terms contained in the Management <br /> Agreement entered into befinreen Seller and Horve Hospitality dated October 15, <br /> 2007 <br /> 7. Representations and Warranties of Buyer. To induce Seller to <br /> enter into this Agreement, Buyer hereby represents and warrants to Seller as <br /> follows: <br /> a. The consummation of the transaction contemplated by this <br /> Agreement and the fulfillment of the terms hereof will not conflict with, result in a <br /> 6 <br />
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