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SA 2017-001
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SA 2017-001
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EXHIBIT A TO EXHIBIT 4 <br />to deliver all of Buyer's Delivered Items. If Seller's notice provides Buyer such five (5) business days <br />to deliver Buyer's Delivered Items, and if Buyer's Delivered Items are not delivered within such period, <br />then this Agreement shall automatically terminate without further action or notice. In the event of any <br />such termination, any cash deposited by Seller shall immediately be returned to Seller; the Independent <br />Consideration, if not earlier released by Escrow Holder to Seller, shall be released to Seller. Under no <br />circumstances shall Seller have any responsibility to or duty to pay consultants or real estate brokers <br />retained by Buyer, Buyer being solely responsible in connection with any such contractual <br />arrangements of Buyer. <br />10. Costs and Expenses. <br />(a) Seller's Costs. If the transaction contemplated by this Agreement is <br />consummated, then Seller shall be debited for and bear the following costs: (i) costs and charges <br />associated with the removal of encumbrances; (ii) Seller's share of perorations; (iii) the premium for a <br />Standard Buyer's Title Policy with coverage in the amount of the Purchase Price; (iv) documentary <br />recording fees, if any; (v) documentary transfer tax, if any; (vi) one half of the escrow charges; and <br />(vii) costs, if any, allocable to Seller under this Agreement and costs for such services as Seller may <br />additionally request that Escrow perform on its behalf (which foregoing items collectively constitute <br />"Seller's Costs and Debited Amounts"). <br />(b) Buyer's Costs. If the transaction contemplated by this Agreement is <br />consummated, then Buyer shall bear the following costs and expenses: (i) Buyer's share of prorations, <br />(ii) the premium for title insurance other than or in excess of a Standard Buyer's Title Policy based on <br />the Purchase Price, and, if applicable, the cost for any survey required in connection with the delivery <br />of an ALTA owner's extended coverage policy of title insurance; (iii) one half of escrow charges; (iv) <br />recording and other costs of closing; (v) costs, if any, for such services as Buyer may additionally <br />request that Escrow perform on its behalf; and (vi) any costs associated with Buyer borrowing money <br />in order to pay to Seller the Purchase Price (collectively, "Buyer's Costs and Debited Amounts"). <br />(c) Generally. Each party shall bear the costs of its own attorneys, consultants, and <br />real estate brokers in connection with the negotiation and preparation of this Agreement and the <br />consummation of the transaction contemplated hereby. Buyer represents to Seller that Buyer and not <br />Seller shall be solely responsible for payment in connection with the services of any consultants, <br />finders or real estate brokers engaged by Buyer in connection with the purchase of the Real Property <br />from the Seller. Seller has not engaged the services of any consultants, finders or real estate brokers in <br />connection with the sale of the Real Property to the Buyer. Seller shall not be responsible for any real <br />estate commissions in connection with the sale of the Real Property under this Agreement and no <br />amount of the Purchase Price shall be applied for any such commissions. <br />11. Prorations: Withholding. <br />(a) All revenues (if any) and expenses relating to the Real Property (including, but <br />not limited to, property taxes, utility costs and expenses, water charges and sewer rents and refuse <br />collection charges) shall be prorated as of the Closing Date; provided that all delinquent taxes shall be <br />satisfied at the expense of Seller. Not less than five (5) business days prior to the Closing, Seller shall <br />deliver to Buyer a tentative schedule of prorations for Buyer's approval (the "Proration and Expense <br />Schedule"). If any prorations made under this Section shall require final adjustment after the Closing, <br />then the parties shall make the appropriate adjustments promptly when accurate information becomes <br />12 <br />
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