Common use of Prorations of Taxes Clause in Contracts

Prorations of Taxes. All real estate taxes shall be prorated between Seller and Buyer as of 12:01 a.m. the date of Closing. If the amount of taxes for the year of Closing has not been determined as of the date of Closing, such taxes shall be prorated on the basis of the prior year’s gross taxes, with known changes, if any. Certified, confirmed or ratified special assessment liens as of the date of Closing shall be paid by Seller. The cash payment due to Seller at Closing shall be increased or decreased as may be required by the proration of the foregoing items. If the actual amount of taxes assessed on the Property for the year of Closing (“Taxes”) varies from the prior year’s gross taxes on which prorations under this Section 9 were calculated, by an amount in excess of five percent (5%), the Taxes shall be re-prorated using the actual amount assessed on the Property and payments made by or to the parties at Closing shall be adjusted in accordance with the re-proration. Within ten (10) days of any required re-proration of Taxes, Seller shall pay Buyer the additional amount required for payment of Taxes or Buyer shall pay Seller the excess of Taxes credited to Buyer at Closing, as applicable. The provisions of this Section shall survive Closing. /s/ WEB /s/ JDS

Prorations of Taxes. All real estate taxes shall be prorated between Seller and Buyer as of 12:01 a.m. the date of Closing. If the amount of taxes for the year of Closing has not been determined as of the date of Closing, such taxes shall be prorated on the basis of the prior year’s gross taxes, with known changes, if any. Certified, confirmed or ratified special assessment liens as of the date of Closing shall be paid by Seller. The cash payment due to Seller at Closing shall be increased or decreased as may be required by the proration of the foregoing items. If the actual amount of taxes assessed on the Property for the year of Closing (“Taxes”) varies from the prior year’s gross taxes on which prorations under this Section 9 were calculated, by an amount in excess of five percent (5%), the Taxes shall be re-prorated using the actual amount assessed on the Property and payments made by or to the parties at Closing shall be adjusted in accordance with the re-proration. Within ten (10) days of any required re-proration of Taxes, Seller shall pay Buyer the additional amount required for payment of Taxes or Buyer shall pay Seller the excess of Taxes credited to Buyer at Closing, as applicable. The provisions of this Section shall survive Closing. /s/ WEB JDS /s/ JDSWEB

Prorations of Taxes. All real estate taxes shall be prorated between Seller and Buyer as of 12:01 a.m. the date of Closing. If the amount of taxes for the year of Closing has not been determined as of the date of Closing, such taxes shall be prorated on the basis of the prior year’s gross taxes, with known changes, if any. Certified, confirmed or ratified special assessment liens as of the date of Closing shall be paid by Seller. The cash payment due to Seller at Closing shall be increased or decreased as may be required by the proration of the foregoing items. If the actual amount of taxes assessed on the Property for the year of Closing (“Taxes”) varies from the prior year’s gross taxes on which prorations under this Section 9 were calculated, by an amount in excess of five percent (5%), the Taxes shall be re-prorated using the actual amount assessed on the Property and payments made by or to the parties at Closing shall be adjusted in accordance with the re-proration. Within ten (10) days of any required re-proration of Taxes, Seller shall pay Buyer the additional amount required for payment of Taxes or Buyer shall pay Seller the excess of Taxes credited to Buyer at Closing, as applicable. The provisions of this Section shall survive Closing. /s/ WEB /s/ JDS.