Resolution 2001-22 - Laserfiche WebLink

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provided (the "Closing Date"), or otherwise by mutual agreement. The Closing shall take place at the offices of the Title Company or at such other place as is mutually agreed to by the parties. The time of the Closing shall be determined by mutual agreement of the parties. On or before the Closing Date, Seller shall deposit into the Escrow a special warranty deed in favor of Purchaser, subject only to the Permitted Exceptions. Seller and Purchaser shall execute those documents reasonably required to satisfy the requirements of Schedule B-1 of the title commitment and to delete the standard pre-printed exceptions from the commitment. Seller and Purchaser shall jointly deposit into the Escrow such documents, together with such other documents as may be reasonably required to complete the purchase and sale of the Property, on or before the Closing Date. The Title Company, upon receipt of Good Funds required from Purchaser in accordance with settlement statements prepared by the Title Company, shall record Seller's deed and any other documents deposited by the parties into the Escrow to be recorded, shall insure that all requirements set forth in the Title Commitment have been satisfied, and shall do such other acts as shall be necessary to carry out the provisions of this Agreement. The Title Company shall thereafter deliver to Seller (within one (1) business day of the Closing) all funds due to Seller in accordance with the settlement statements. Purchaser shall be entitled to possession of the Property upon Closing. (b) All costs and expenses of Closing and the sale and purchase of the Property shall be borne and paid at Closing unless otherwise stated herein, as follows: By Seller: Seller shall pay for a standard form title insurance policy issued pursuant to the Title Commitment, the cost of any tax certificates for the Property, one- half (1/2) of any Closing/Escrow Fee charged by the Title Company, and Seller's attorney's fees. Any encumbrance required to be paid by Seller shall be paid at or before closing from the proceeds of this transaction or from any other source. By Purchaser: Purchaser shall pay all costs associated with the removal of the standard pre- printed exceptions from the title policy, any endorsements to the owner's policy requested by Purchaser, one-half (1/2) of any Closing/Escrow Fee charged by the Title Company, all recording costs and charges, all documentary fees and Purchaser's attorney's fees. (c) To the knowledge of Seller and Purchaser, neither has done any act which will occasion the payment of any commission or finder's fee to any third party with respect to the transaction contemplated herein. Purchaser agrees to indemnify, defend and hold harmless Seller from all costs, expenses and claims, including the cost of all reasonable attorneys' fees, for compensation, commissions or fees claimed solely through Purchaser by any realtor, broker or agent with respect to the sale of the Property and the negotiation thereof. Seller hereby agrees to It:~D\WI~FI\10234k99l~A-6P&$Louisvillc,wlxl - 8 -