Common use of RECORDATION OF CLOSING DOCUMENTS; CLOSING COSTS Clause in Contracts

RECORDATION OF CLOSING DOCUMENTS; CLOSING COSTS. 6.3.1 At Closing, Settlement Agent shall file for recordation among the Land Records the Deed, the Affordability Covenant and the Declaration. Settlement Agent or Developer shall then pay all settlement proceeds going to the District as shown on the Settlement Statement to the District in the form of a certified or cashier’s check made payable to “D.C. Treasurer”. 6.3.2 Developer may, but shall not be obligated to, close through a settlement office which has a valid title services contract with the District. If Developer selects a District contracted settlement office, District shall be responsible for and pay District’s attorneys’ fees and Settlement Agent’s charges customarily paid by sellers and Developer shall be responsible for and pay the following costs: Developer’s attorneys’ fees, Settlement Agent’s charges customarily paid by purchasers, D.C. real property deed recordation tax imposed pursuant to Title 42, Chapter 11 of the D.C. Official Code (2001 ed. and as amended), fees and costs associated with Developer’s financing for its purchase of the Property and construction of the Project, and fees and costs associated with recording any documents in the Land Records required to be recorded pursuant to this Agreement. In the event Developer does not elect to close at a District contracted settlement office, then Developer shall be responsible for and pay all of the settlement fees associated with the Closing and listed on the Settlement Statement.