Common use of Closing Expenses Clause in Contracts

Closing Expenses. At or before the Closing: a) The Purchaser shall pay (i) all the documentary tax and surtax stamps due on the deed(s) of conveyance; (ii) the cost of recording the conveyance documents from the Seller; (iii) the cost of recording any corrective instruments that may be necessary to assure good and marketable title; (iv) the cost of recording the purchase money mortgage, if applicable; and (v) all other costs associated with the Closing, including, without limitation, any cost of broker’s commission, title searches, title commitments, title policies, surveys, investigations, tests, and closing costs of the title company handling the Closing. b) The payment of documentary tax and surtax stamps and all costs relating to the recording of conveyance documents, any corrective instruments, and purchase money mortgages shall be made via cashier’s check or United States Postal Service money order. c) The Seller shall not be responsible for any costs associated with the Closing, except as provided in Section 3.2(d). d) Each Party shall bear the fees for its own attorneys and consultants in connection with the Closing.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Closing Expenses. At or before the Closing: a) a. The Purchaser shall pay (i) all the the, documentary tax and surtax stamps due on the deed(s) of conveyance; (ii) the cost of recording the conveyance documents from the Seller; (iii) the cost of recording any corrective instruments that may be necessary to assure good and marketable title; (iv) the cost of recording the purchase money mortgage, if applicable; and (v) all other costs associated with the Closing, including, without limitation, limitation any cost of broker’s commission, title searches, title commitments, title policies, surveys, investigations, tests, and closing costs of the title company handling the Closing. b) b. The payment of documentary tax and surtax stamps and all costs relating to the recording of conveyance documents, any corrective instruments, and purchase money mortgages shall be made via cashier’s check or United States Postal Service money order. c) c. The Seller shall not be responsible for any costs associated with the Closing, except as provided in Section 3.2(d). d) d. Each Party shall bear the fees for its own attorneys and consultants in connection with the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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