Common use of Closing Costs and Prorations Clause in Contracts

Closing Costs and Prorations. a. All general and special taxes, rollback taxes, if any, and assessments against the Property for all periods prior to the Closing Date shall be paid by Seller at or prior to Closing. The amount of such taxes shall be estimated based on information provided by the Utah County Assessor for the parcel or parcels of which the Property is a part, the "Assessed Parcel.” Seller and Buyer shall each pay their own legal expenses in connection with this Transaction. b. Buyer shall pay the cost of a standard coverage owner’s policy of title insurance. Unless otherwise agreed by the parties in writing, Xxxxx shall pay all other closing costs including, but not limited to charges and fees assessed by Closing Agent.