Common use of PRORATIONS; CREDITS Clause in Contracts

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This STANDARD K 488 shall survive Closing. 489 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year’s taxtax with due allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This STANDARD K 488 shall survive Closing. 489 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 561 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 562 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 563 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 564 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 565 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 566 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 567 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 568 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 569 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 570 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 571 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 572 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 573 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 574 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 575 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This STANDARD K 488 576 shall survive Closing. 489 577 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 578 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 579 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 491 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 492 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 493 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 494 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 495 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 496 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 497 to Buyer. Escrow deposits held by SellerXxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 498 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 499 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 500 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 501 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 502 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 503 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 504 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 505 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 506 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxxbill. This STANDARD K 488 507 shall survive Closing. 489 508 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 509 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 510 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 411 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 412 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 413 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in 414 which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by 415 prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to 416 Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current 417 year’s taxtax with due allowance made for maximum allowable discount, homestead and other exemptions. If Closing 418 occurs on a date when current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be 419 prorated based upon such assessment and prior year’s millage. If current year’s 481 assessment is not available, then 420 taxes will be prorated on prior year’s tax. If there are completed improvements 482 on the Real Property by January 1st of 421 year of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated 422 based upon prior year’s millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, 423 request shall be made to the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other 424 exemptions. A tax proration based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of 425 current year’s tax xxxx. This STANDARD K 488 shall survive Closing. 489 426 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 427 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 428 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 584 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 585 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 586 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 587 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 588 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 589 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 590 to Buyer. Escrow deposits held by SellerXxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 591 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 592 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 593 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 594 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 595 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 596 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 597 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 598 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 599 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxxbill. This STANDARD K 488 600 shall survive Closing. 489 601 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 602 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 603 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 561 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 562 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 563 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 564 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 565 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 566 to Buyer. Escrow deposits held by SellerXxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 567 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 568 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 569 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 570 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 571 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 572 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 573 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 574 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 575 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxxbill. This STANDARD K 488 576 shall survive Closing. 489 577 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 578 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 579 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 491 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 492 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 493 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 494 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 495 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 496 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 497 to Buyer. Escrow deposits held by SellerXxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 498 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 499 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 500 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 501 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 502 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 503 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 504 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 505 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 506 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxxbill. This STANDARD K 488 507 shall survive Closing. 489 508 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 509 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 510 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 579 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 580 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 581 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 582 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 583 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 584 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 585 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 586 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 587 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 588 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 589 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 590 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 591 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 592 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 593 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 594 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This STANDARD K 488 595 shall survive Closing. 489 596 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 597 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 598 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the 518 day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including 519 special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 and other 520 expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event 521 premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be 522 made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow 523 deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year’s taxtax with due 524 allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs on a date when 525 current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon such 526 assessment and prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior 527 year’s tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which 528 improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s 529 millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to 530 the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration 531 based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This 532 STANDARD K 488 shall survive Closing. 489 533 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, 534 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-walk- 535 through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 529 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 530 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 531 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 532 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 533 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 534 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 535 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 536 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 537 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 538 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 539 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 540 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 541 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 542 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUEDSTANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 543 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 544 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This STANDARD K 488 545 shall survive Closing. 489 546 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 547 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 548 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. All prorations under this Section (i) shall be made as of 12:01 a.m. on the day of the Close of Escrow (the “Proration Cutoff”); and (ii) shall be made on the basis of the actual number of days in the appropriate proration periods. Pursuant to Section 3.2.1, the Proration Schedule shall be mutually approved by Buyer and Seller and delivered to Escrow Holder at least two (2) business days prior to the Close of Escrow. The following recurring items will shall be made current (if applicable) and credited to the parties or shall be prorated by the parties as of 473 the day Close of Escrow, as applicable, with Seller responsible for expenses and entitled to revenues accruing prior to Closing Datethe Proration Cutoff, or date of occupancy if occupancy occurs before Closing Date: and Buyer responsible for expenses and entitled to revenues accruing after the Proration Cutoff: (a) Escrow Holder shall prorate the real estate taxes 474 (including special benefit with respect to the Real Property and Improvements for the current fiscal year as of the Proration Cutoff based upon the most current real estate tax information available, and the parties shall re-prorate such taxes upon receipt of actual bills. If and to the extent there exists any improvement assessment liens or other similar assessments imposed by a CDD)which encumber the Real Property and Improvements, interestBuyer hereby expressly agrees and assumes the obligation to pay any and all future installments of such bonds or assessment liens affecting the Property which relate to the period from and after the Proration Cutoff and Seller shall be responsible for any taxes, bonds, association fees, insurance, rents 475 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations assessment liens relating to be made through day the period prior to Closingthe Proration Cutoff. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes Any bond payments or assessment liens payable for the current period shall be prorated based on 479 current year’s taxin accordance with this Section 9. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon Seller shall have no obligation to pay the principal amount of any of such assessment and assessments or bonds unless such assessments or bonds relate to the period prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior year’s tax. If to the Proration Cutoff. (b) The Parties acknowledge that there are completed improvements 482 on no rents to prorate. (c) Utilities, services, operating and all other expenses with respect to the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon the latest available information, such that Seller shall be responsible for all such costs and expenses relating to the period up to the Proration Cutoff, and Buyer shall be responsible for all such costs and expenses relating to the period from and after the Proration Cutoff. Seller shall endeavor to have all meters read for all utilities servicing the Property including water, sewer, gas and electricity for the period to the Proration Cutoff and shall pay all bills rendered on the basis of such readings (provided, however, Buyer shall be responsible for any and all fees and charges relating to the changeover of all such services and utilities). Premiums for casualty and liability insurance shall not be prorated. (d) Except to the extent assigned to Buyer, Seller shall receive all bonds, letters of credit, set-aside letters, refundable deposits, retentions, holdbacks or similar security items, if any, posted by Seller with any utilities or governmental agencies relating to or arising from the Property. In the event any deposit, retention or holdback posted by Seller is non-refundable, Seller shall receive a credit at Closing for the amount of such security item if such security item will inure to the benefit of Buyer and the rights to such security item are assigned by Seller to Buyer. (e) Income and expenses under the Approved Contracts and all other expenses of operating the Property shall be prorated and those which relate to the period prior year’s millage to the Proration Cutoff shall accrue to or be paid by Seller, as applicable, and at an equitable assessment those which relate to the period from and after the Proration Cutoff shall accrue to or be paid by Buyer, as applicable. (f) At least three (3) business days prior to the Closing Date, Escrow Holder shall deliver to Buyer the Draft Proration Schedule for approval by Buyer. Such prorations, if and to the extent known and agreed upon as of the Close of Escrow, shall be paid by Buyer to Seller (if the prorations result in a net credit to the Seller) or by Seller to Buyer (if the prorations result in a net credit to the Buyer) by increasing or reducing the cash to be 484 paid by Buyer at the Close of Escrow in accordance with the mutually approved Proration Schedule. Notwithstanding the foregoing, if either Buyer or Seller is engaging in an IRC Section 1031 tax-deferred exchange and desires to calculate and pay or receive credit for prorations separate from the Purchase Price, the prorations shall nevertheless be calculated and paid or credited through Escrow and may be shown either as separate items on the closing statement or on a separate closing statement. Any such prorations not determined or not agreed upon between or provided for on an estimated basis as of the parties, failing which, request Close of Escrow shall be paid by Buyer to Seller, or by Seller to Buyer, as the case may be, in cash as soon as practicable following the Close of Escrow. Buyer’s and Seller’s foregoing obligations with respect to prorations under this Agreement shall survive for a period of one hundred twenty (120) days after the Close of Escrow. In addition, if any errors or omissions are made regarding adjustments and prorations as aforesaid, the parties shall make the appropriate corrections promptly upon the discovery thereof, provided that the party entitled to the County Property Appraiser correction makes a written request for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for such correction to the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 estimate shall, at either party’s request, be readjusted upon receipt party (accompanied by reasonably detailed information which substantiates the error) within one hundred twenty (120) days after the Close of current year’s tax xxxx. This STANDARD K 488 shall survive Closing. 489 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-through (or follow-up walk-through if necessary) prior to ClosingEscrow.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 529 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 530 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 531 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 532 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 533 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 534 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 535 to Buyer. Escrow deposits held by SellerXxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 536 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 537 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 538 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 539 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 540 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 541 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 542 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUEDSTANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 543 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 544 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxxbill. This STANDARD K 488 545 shall survive Closing. 489 546 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 547 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 548 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the 515 day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including 516 special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 and other 517 expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event 518 premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be 519 made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow 520 deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year’s taxtax with due 521 allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs on a date when 522 current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon such 523 assessment and prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior 524 year’s tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which 525 improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s 526 millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to 527 the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration 528 based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This 529 STANDARD K 488 shall survive Closing. 489 530 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, 531 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-walk- 532 through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 495 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 496 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 497 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in 498 which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by 499 prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to 500 Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current 501 year’s taxtax with due allowance made for maximum allowable discount, homestead and other exemptions. If Closing 502 occurs on a date when current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be 503 prorated based upon such assessment and prior year’s millage. If current year’s 481 assessment is not available, then 504 taxes will be prorated on prior year’s tax. If there are completed improvements 482 on the Real Property by January 1st of 505 year of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated 506 based upon prior year’s millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, 507 request shall be made to the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other 508 exemptions. A tax proration based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of 509 current year’s tax xxxx. This STANDARD K 488 shall survive Closing. 489 510 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, 511 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a 512 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 513 walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the 437 day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including 438 special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 and other 439 expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event 440 premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be 441 made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow 442 deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year’s taxtax with due 443 allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs on a date when 444 current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon such 445 assessment and prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior 446 year’s tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which 447 improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s 448 millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to 449 the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration 450 based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This 451 STANDARD K 488 shall survive Closing. 489 452 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, 453 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-walk- 454 through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 521 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 522 (including special benefit tax assessments imposed by a CDDCDD pursuant to Chapter 190, F.S., and assessments 523 imposed by special district(s) pursuant to Chapter 189, F.S.), interest, bonds, association fees, insurance, rents 475 524 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 525 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 526 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 527 to Buyer. Escrow deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 528 current year’s tax. If Closing occurs on a date when current year’s millage is not fixed but current year’s assessment 480 529 is available, taxes will be prorated based upon such assessment and prior year’s millage. If current year’s 481 530 assessment is not available, then taxes will be prorated on prior year’s tax. If there are completed improvements 482 531 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 532 of prior year, then taxes shall be prorated based upon prior year’s millage and at an equitable assessment to be 484 533 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 534 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 535 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 536 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This STANDARD K 488 537 shall survive Closing. 489 538 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 539 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 540 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 insurance and other expenses of the Property. Buyer shall have the option of taking over existing policies of insurance, if assumable, 476 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow deposits held by Seller’s 's mortgagee will be paid to Seller. Taxes shall be prorated based on 479 the current year’s tax's tax with due allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs on a date when the current year’s 's millage is not fixed but current year’s 's assessment 480 is available, taxes will be prorated based upon such assessment and prior year’s 's millage. If current year’s 481 's assessment is not available, then taxes will be prorated on the prior year’s 's tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s 's millage and at an equitable assessment to be 484 agreed upon between the parties, ; failing which, request shall be made to the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 estimate shall, at request of either party’s request, be readjusted upon receipt of current year’s 's tax xxxxbixx. This STANDARD K 488 shall survive Closing. 489 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-through (or follow-up walk-through if necessary) prior to Closing.

PRORATIONS; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 473 the 447 day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 474 (including 448 special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 475 and other 449 expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event 450 premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be 451 made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer. Escrow 452 deposits held by Seller’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year’s taxtax with due 453 allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs on a date when 454 current year’s millage is not fixed but current year’s assessment 480 is available, taxes will be prorated based upon such 455 assessment and prior year’s millage. If current year’s 481 assessment is not available, then taxes will be prorated on prior 456 year’s tax. If there are completed improvements 482 on the Real Property by January 1st of year of Closing, which 457 improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year’s 458 millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to 459 the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration 460 based on an 487 estimate shall, at either party’s request, be readjusted upon receipt of current year’s tax xxxx. This 461 STANDARD K 488 shall survive Closing. 489 462 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, 463 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 491 including a walk-walk- 464 through (or follow-up walk-through if necessary) prior to Closing.