Laserfiche WebLink
8 <br />vi. Delivery of keys, if any. <br />(c) Buyer’s Escrow Deposits. On or before the Closing Date, Buyer shall <br />deposit into escrow the following: <br />i. cash or immediately available funds in an amount sufficient to pay <br />the Purchase Price, plus Buyer’s share of closing costs, with credit <br />for the Deposit and any other items of credit agreed to in writing <br />by Seller or as provided in this Agreement; <br />ii. a duly executed and completed Real Estate Excise Tax affidavit in <br />the form required by law; <br />iii. a nonforeign affidavit pursuant to Section 1445 of the Internal <br />Revenue Code; and <br />iv. any other documents, instruments, records, correspondence and <br />agreements consistent with the terms of this Agreement as may <br />be required by Closing Agent or the Title Company to close this <br />transaction. <br />(d) Additional Instruments and Documentation. Seller and Buyer shall each <br />deposit any other instruments and documents that are reasonably required by Closing Agent or <br />otherwise required to close the escrow and consummate the purchase and sale of the Property <br />in accordance with this Agreement. <br />(e) Closing Costs. On closing, Seller shall pay real estate excise taxes. Buyer <br />shall pay: sales tax, if any; half all of the Closing Agent’s escrow fee; and shall pay the premium <br />for a standard coverage owner’s policy of title insurance. Buyer shall pay half Closing Agent’s <br />escrow fee and shall also pay the cost of the additional premium for an extended coverage title <br />insurance policy (if required by Buyer) and recording fee for the deed. Additionally, Seller shall <br />pay applicable prorated items as set forth in below. Buyer and Seller shall prepare a real estate <br />excise tax affidavit as required to close the sale. Each Party will pay for their own attorneys’ and <br />consultants’ fees. <br />(f) Prorations. All normal and customarily pro-ratable items, including <br />without limitation real estate and personal property taxes and utility bills, shall be prorated as of <br />the date of closing, on the basis of a 365-day year, with Seller being charged and credited for all <br />of same up to the closing date and Buyer being charged and credited for all of same on and after <br />such date. If the actual amounts to be prorated are not known as of the closing, the prorations <br />shall be made on the basis of the best evidence then available, and thereafter, when actual <br />figures are received, a cash settlement will be made between Seller and Buyer. The parties <br />acknowledge that Buyer is exempt from all taxes and special assessments of city, county, state <br />or any political subdivision thereof (“Taxes”) pursuant to RCW 35.82.210(1), therefore, Seller will <br />pay all Taxes, in each case, in connection with the Property and Seller may seek reimbursement <br />for any overpayment from the applicable taxing authority directly pursuant to RCW 84.60.050, <br />and Buyer shall not be obligated to pay any amounts related to any Taxes at Closing. <br />(g) Possession. Buyer shall be entitled to possession on closing.