Laserfiche WebLink
the escrow, forward the Deposit to the party entitled to receive it as provided in this <br /> Agreement and return all documents to the party that deposited them. <br /> 7.2 Seller's Escrow Deposits. On or before the Closing Date, Seller <br /> shall deposit into escrow the following: <br /> a) the duly executed and acknowledged Deed; <br /> b) a duly executed and completed Real Estate Excise Tax affidavit; <br /> c) a nonforeign affidavit pursuant to Section 1445 of the Internal <br /> Revenue Code <br /> d) any other documents, instruments, records, correspondence and <br /> agreements Seller is obligated under this Agreement to provide <br /> that have not been previously delivered; <br /> e) keys to the Property, if any. <br /> 7.3 Buyer's Escrow Deposits. On or before the Closing Date, Buyer <br /> shall deposit into escrow the following: <br /> a) cash in an amount sufficient to pay the Purchase Price, plus <br /> Buyer's share of closing costs; <br /> b) a duly executed and completed Real Estate Excise Tax affidavit; <br /> c) a nonforeign affidavit pursuant to Section 1445 of the Internal <br /> Revenue Code; and <br /> d) any other documents, instruments, records, correspondence and <br /> agreements Buyer is obligated under this Agreement to provide <br /> that have not been previously delivered. <br /> 7.4 Additional Instruments and Documentation. Seller and Buyer <br /> shall each deposit any other instruments and documents that are reasonably required by <br /> Closing Agent or otherwise required to close the escrow and consummate the purchase <br /> and sale of the Property in accordance with this Agreement. <br /> 7.5 Closing Costs. On closing, Seller shall pay real estate excise taxes; <br /> sales tax, if any; half of the Closing Agent's escrow fee; and shall pay the premium for a <br /> 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 <br /> title insurance policy (if required by Buyer) and recording fee for the deed. Additionally, <br /> Seller shall pay applicable prorated items as set forth in Section 4.3 below. Buyer and <br /> Seller shall prepare a real estate excise tax affidavit as required to close the sale. <br /> 5 <br />