Common use of Seller’s Contribution Clause in Contracts

Seller’s Contribution. At closing, as a credit toward prepaids, closing costs and/or points, Seller shall credit to Purchaser $ or % (percent) of the purchase price or $ mortgage amount. Purchaser’s Initials Seller’s Initials 7. MORTGAGE EXPENSE AND RECORDING FEES The Mortgage Recording Tax imposed on the mortgagor, mortgage and deed recording fees, expenses of drawing papers and any other expenses to be incurred in connection with procuring a mortgage, shall be paid by the Purchaser.

Appears in 20 contracts

Samples: Standard Form Contract for Purchase and Sale of Real Estate, Standard Form Contract for Purchase and Sale of Real Estate, Standard Form Contract for Purchase and Sale of Real Estate

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