Real Estate Taxes and Special Assessments. The Buyer and the Seller shall prorate all real property taxes, levies, and assessments as of the Closing. Upon Closing, the Buyer shall pay and discharge in a timely manner all taxes, assessments, common area maintenance fees, expenses, costs, liens, or encumbrances now or hereinafter affecting any part of the Property; until the Purchase Price is paid in full, the Buyer shall annually furnish to the Seller evidence satisfactory to the Seller of payment of the taxes and assessments, contemporaneously with their payment, and shall authorize the appropriate governmental official to deliver to the Seller at any time a written statement of the taxes and assessments against the Property.
Appears in 5 contracts
Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement
