Common use of CLOSING AND SETTLEMENT Clause in Contracts

CLOSING AND SETTLEMENT. Title and Settlement Agent to be Heritage Title Services, 000 Xxxx Xxxxx Xxxxxx, Xxxxx 00, Xxxxxxxxxxxx, XX 00000 – 000-000-0000 or 000-000-0000; fax 000-000-0000. At the closing each party shall execute and deliver all documents necessary to effect and complete the closing. Buyer shall (1) pay customary closing fees to settlement agent for services rendered to buyer; (2) cost recording of warranty deed and (3) any necessary transfer taxes. Seller shall pay: (1) title examination prepared for auction; (2)preparation of Deed; (3) customary closing fees to settlement agent for services rendered to Seller; (4) cost of title insurance policy (owners coverage) for benefit of buyer.