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3.7 Possession. Seller shall deliver possession of the Property to Buyer at the Close of <br /> Escrow subject only to the Permitted Exceptions and tree of any tenancies and/or third patty claims of use <br /> or ownership. <br /> 3.8 Taxes,Assessments and Proration. <br /> 3.8.1 legs Only to the extent the Seller pays any <br /> property takes or assessments on the Property,all currant general and special <br /> taxes and assessments on the Property shall be prorated by Escrow holder based <br /> upon the latest available information as shown in the tax statements provided to <br /> Escrow Holder by Seller,using customary escrow procedures in Change County. <br /> Seller shall provide Buyer with written evidence of the payment or sattsfaadon <br /> of such taxes. Should the Propertybe part of a larger tax parcel("Assessment <br /> Parcel") which as of the Close of Escrow remains unsegregated on the County <br /> Tex Assessor's Roll for the castling fiscal year, Escrow Bolder shall charge <br /> Buyer and credit Seller for taxes and assessments allocated to the Pit/party <br /> (bused on unimproved value)based on the percentage of the total acreage ofthe <br /> Assessment Steellocated on the Property,which.amage Mr allocation <br /> purposes shall be fairly and equitably determined and supplied tp Escrow Holder <br /> by Buyer and Seller. Buyer and Seller shall cooperate in good faith to cause the <br /> Property to be separatelyassessed and segregated*Buyer's name on the curet <br /> Mk roll. Any real property taxes or assessments levied•under'the Supplemental <br /> Tax Roll as a result ofthe sale of thoProparty to Buyer,shall betheresponsibility <br /> of Buyer. Any real property taxes or assessments levied under theSupplawental <br /> Tax.Roll as a result of transtbrs,imprevemente or other occurrences before the <br /> Close of Escrow shall be the responsibility of Seller. <br /> 18.2 General, All pm rations provided for herein shall <br /> be on an"actual day"basis end a three hundred sixty-five(365)dayyear. The <br /> pmdislona of this Section shell survive Close ofBscrow. If either Party fails to <br /> pay its pro rata share of taxes or other expenses by the times herein.ptrtviited, <br /> interest shall accrue on all unpaid entrants from when.owing until paid at the <br /> maximum rate allowed by law. Any errors or omirolerut made in catoulsding <br /> adjustments and proration shall be corrected promptly upon the discovery <br /> thereof, If any estimations are made at the Close of ,Escrow regarding <br /> adjustments or proration, the Parties shall make the appropriate collection <br /> promptly when accurate information becomes available. My corrected <br /> adjustment or proration shall be paid to the Patty entitled thereto within thirty <br /> (30)days after written request therefor and if not so paid interest shall accrue <br /> and be payable on same at the maximum rate allowed bylaw. <br /> 3.9 ClosiniCosts, Buyer shall pay the cost ofthe Title Policy,the Escrow Fees and any <br /> applicable documentary transfer fees(considering Seller is a City)and recording fees,and all other costs <br /> end expenses incurred related to the purchase of the Property by Boyer. If required by Buyer's lender, <br /> Buyer shall also pay for the appraisal cost of the Property(collectively, "Closing Coats"), As soon as <br /> .reasonably possible fbllowing the Close of Escrow,Escrow Holder shall deliver a copy of the final Escrow II <br /> closing statement to Buyer and Seller. <br /> .5,. <br /> 1 <br />