Common use of Expenses of Closing Clause in Contracts

Expenses of Closing. A. The additional costs to be paid by the Purchaser at the Closing include the following: 1. All closing costs associated with any loan obtained by Purchaser, including the loan origination fee, prepaid items such as interest and escrows, loan discount points, Purchaser’s legal fees, and any insurance premiums (including private mortgage insurance and homeowners’ insurance); 2. All title search costs and title insurance premiums; 3. The cost of recording the deed and the deed of trust, if Purchaser obtains a loan; 4. Purchaser’s pro rata share of all real property taxes on the Townhome, which shall be prorated on a calendar year basis as of the Closing Date; 5. Purchaser’s pro rata share of the first monthly installment of the monthly maintenance and operational assessments to be paid to the Association for the Townhome, which assessments are set forth in the approved budget (the “Common Expenses”), prorated to the date of Closing; and 6. An initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the Townhome. These amounts shall be forwarded to the Association, and shall not be refundable. B. The Seller agrees to pay the following amounts in connection with the Closing: 1. The expense of preparation of the deed, the lien affidavit, a non-foreign affidavit and the Internal Revenue Service Form 1099; and 2. The cost of revenue stamps on the deed, and the cost of recording any release documents. 3. The deed is to be made to: .

Expenses of Closing. A. The additional costs to be paid by the Purchaser at the Closing include the following: 1. All closing costs associated with any loan obtained by Purchaser, including the loan origination fee, prepaid items such as interest and escrows, loan discount points, Purchaser’s legal fees, and any insurance premiums (including private mortgage insurance and homeowners’ insurance); 2. All title search costs and title insurance premiums; 3. The cost of recording the deed and the deed of trust, if Purchaser Xxxxxxxxx obtains a loan; 4. Purchaser’s pro rata share of all real property taxes on the Townhome, which shall be prorated on a calendar year basis as of the Closing Date; 5. Purchaser’s pro rata share of the first monthly installment of the monthly maintenance and operational assessments to be paid to the Association for the Townhome, which assessments are set forth in the approved budget (the “Common Expenses”), prorated to the date of Closing; and 6. An initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the Townhome. These amounts shall be forwarded to the Association, and shall not be refundable. B. The Seller agrees to pay the following amounts in connection with the Closing: 1. The expense of preparation of the deed, the lien affidavit, a non-foreign affidavit and the Internal Revenue Service Form 1099; and 2. The cost of revenue stamps on the deed, and the cost of recording any release documents. 3. The deed is to be made to: .

Expenses of Closing. A. The additional costs to be paid by the Purchaser at the Closing include the following: 1. All closing costs associated with any loan obtained by Purchaser, including the loan origination fee, prepaid items such as interest and escrows, loan discount points, Purchaser’s legal fees, and any insurance premiums (including private mortgage insurance and homeowners’ insurance); 2. All title search costs and title insurance premiums; 3. The cost of recording the deed and the deed of trust, if Purchaser obtains a loan; 4. Purchaser’s pro rata share of all real property taxes on the TownhomeHome, which shall be prorated on a calendar year basis as of the Closing Date; 5. Purchaser’s pro rata share of the first monthly installment of the monthly maintenance and operational assessments to be paid to the Association for the TownhomeHome, which assessments are set forth in the approved budget (the “Common Expenses”), prorated to the date of Closing; and 6. An initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the TownhomeHome. These amounts shall be forwarded to the Association, and shall not be refundable. B. The Seller agrees to pay the following amounts in connection with the Closing: 1. The expense of preparation of the deed, the lien affidavit, a non-foreign affidavit and the Internal Revenue Service Form 1099; and 2. The cost of revenue stamps on the deed, and the cost of recording any release documents. 3. The deed is to be made to: .

Expenses of Closing. A. The additional costs to be paid by the Purchaser at the Closing include the following: 1. All closing costs associated with any loan obtained by Purchaser, including the loan origination fee, prepaid items such as interest and escrows, loan discount points, Purchaser’s legal fees, and any insurance premiums (including private mortgage insurance and homeowners’ insurance); 2. All title search costs and title insurance premiums; 3. The cost of recording the deed and the deed of trust, if Purchaser obtains a loan; 4. Purchaser’s pro rata share of all real property taxes on the Townhome, which shall be prorated on a calendar year basis as of the Closing Date; 5. Purchaser’s pro rata share of the first monthly installment of the monthly maintenance and operational assessments to be paid to the Association for the Townhome, which assessments are set forth in the approved budget (the “Common Expenses”), prorated to the date of Closing; and 6. An initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the Townhome. These amounts shall be forwarded to the Association, and shall not be refundable. B. The Seller agrees to pay the following amounts in connection with the Closing: 1. The expense of preparation of the deed, the lien affidavit, a non-foreign affidavit and the Internal Revenue Service Form 1099; and 2. The cost of revenue stamps on the deed, and the cost of recording any release documents. 3. The deed is to be made to: .