Common use of XXXXXXXXXX; CREDITS Clause in Contracts

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

XXXXXXXXXX; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 495 561 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 496 562 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 497 563 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 564 in 498 which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 565 by 499 prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 566 to 500 Buyer. Escrow deposits held by Xxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 567 current 501 year’s tax with due allowance made for maximum allowable discount, homestead and other exemptionstax. If Closing 502 occurs on a date when current year’s millage is not fixed but current year’s assessment 568 is available, taxes will be 503 prorated based upon such assessment and prior year’s millage. If current year’s 569 assessment is not available, then 504 taxes will be prorated on prior year’s tax. If there are completed improvements 570 on the Real Property by January 1st of 505 year of Closing, which improvements were not in existence on January 1st 571 of prior year, then taxes shall be prorated 506 based upon prior year’s millage and at an equitable assessment to be 572 agreed upon between the parties, failing which, 507 request shall be made to the County Property Appraiser for an 573 informal assessment taking into account available 508 exemptions. In all cases, due allowance shall be made for the 574 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 575 estimate shall, at either party’s request, be readjusted upon receipt of 509 current year’s tax bill. This STANDARD K 576 shall survive Closing. 510 577 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 578 shall, 511 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 579 including a 512 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 513 walk-through (or follow-up walk-through if necessary) prior to Closing.

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

XXXXXXXXXX; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 495 491 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 496 492 (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 497 494 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 495 in 498 which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 496 by 499 prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 497 to 500 Buyer. Escrow deposits held by Xxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 498 current 501 year’s tax with due allowance made for maximum allowable discount, homestead and other exemptionstax. If Closing 502 occurs on a date when current year’s millage is not fixed but current year’s assessment STANDARDS FOR REAL ESTATE TRANSACTIONS (“STANDARDS”) CONTINUED 499 is available, taxes will be 503 prorated based upon such assessment and prior year’s millage. If current year’s 500 assessment is not available, then 504 taxes will be prorated on prior year’s tax. If there are completed improvements 501 on the Real Property by January 1st of 505 year of Closing, which improvements were not in existence on January 1st 502 of prior year, then taxes shall be prorated 506 based upon prior year’s millage and at an equitable assessment to be 503 agreed upon between the parties, failing which, 507 request shall be made to the County Property Appraiser for an 504 informal assessment taking into account available 508 exemptions. In all cases, due allowance shall be made for the 505 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 506 estimate shall, at either party’s request, be readjusted upon receipt of 509 current year’s tax bill. This STANDARD K 507 shall survive Closing. 510 508 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 509 shall, 511 upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 510 including a 512 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 513 walk-through (or follow-up walk-through if necessary) prior to Closing.

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

XXXXXXXXXX; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 495 473 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 496 474 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 497 475 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 Xxxxxx’s 's mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current 501 year’s tax with due allowance made for maximum allowable discount, homestead and other exemptions's tax. If Closing 502 occurs on a date when current year’s 's millage is not fixed but current year’s 's assessment 480 is available, taxes will be 503 prorated based upon such assessment and prior year’s 's millage. If current year’s 's 481 assessment is not available, then 504 taxes will be prorated on prior year’s '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 '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 508 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 's request, be readjusted upon receipt of 509 current year’s 's tax bill. This STANDARD K 488 shall survive Closing. 510 489 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.

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

XXXXXXXXXX; CREDITS. The following recurring items will be made current (if applicable) and prorated as of 495 473 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 496 474 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 497 475 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 Xxxxxx’s mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current 501 year’s tax with due allowance made for maximum allowable discount, homestead and other exemptionstax. 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 508 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 509 current year’s tax bill. This STANDARD K 488 shall survive Closing. 510 489 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.