SSLM Properties LLC 7/26/2016 - Laserfiche WebLink

7.5 Pro-rations and Real Property Taxes. All revenues and all expenses of the Property, if any, and excluding insurance premiums, shall be prorated as of 11:59 p.m. on the Closing Date. 7.6 Closing Costs and Expenses. Buyer and Seller shall each pay their own attorney's fees and expenses to perform their obligations hereunder in addition to the following: (a) Seller shall pay: (i) That portion of the premium for the Title Policy attributable to standard owner's coverage; (ii) Any excise taxes, fees and charges imposed by governmental entities on the conveyance of the Property; (iii) All recording costs for the Deed; and (iv) One-half of the Closing Agent's fees and charges for escrow services. (b) Buyer shall pay: (i) That portion of the premium for the Title Policy attributable to extended coverage and the Survey required in connection therewith and such title endorsements as may be requested by Buyer; (ii) All costs and expenses of Buyer's consultants and investigations during the Inspection Period; (iii) One-half of the Closing Agent's fees and charges for escrow services. 7.7 Closing Statements. The pro-rations shall be on the basis of a written closing statement submitted by the Closing Agent to Buyer and Seller prior to the Closing Date and approved by Buyer and Seller, which approval shall not unreasonably be withheld. In the event any pro-rations or apportionments made hereunder shall prove to be incorrect for any reason, then either party shall be entitled to an adjustment to correct the same. Any item which cannot be prorated because of the unavailability of information shall be tentatively prorated on the basis of the best data then available and the parties will make any necessary adjustments as soon as the necessary information is available. 9