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TAX PRORATION AGREEMENT/ACKNOWLEDGEMENT <br />File Number: 185059 <br />Date- October 04, 2006 <br />Reference: City of South Bend / SBNF Inc. & Properties, LLC <br />Property Address: 319 North Scott Street, South Bend, IN 46616 <br />Seller and Purchaser Acknowledge and Agree as Follows: <br />1. That the parties hereto have settled the proration of taxes and assessments by the method reflected on the <br />settlement statements signed at the closing, and these statements constitute final settlement. Any prior agreement <br />between parties shall be deemed as modified hereby. <br />Z. The Purchaser acknowledges and agrees: <br />a) that all real estate taxes billed on or after this date are the sole responsibility of the Purchaser, <br />b) that the Purchaser shall make any necessary arrangements to obtain all future tax bills. Purchaser <br />acknowledges it is not the responsibility of Metropolitan Title Company to notify any Treasurer of change in <br />ownership. <br />3. The Seller acknowledges and agrees: <br />a) that the Seller represents and warrants to the Purchaser and Metropolitan Title Company and its underwriter <br />that all outstanding taxes and assessments including but not limited to all sewer and water charges, road <br />paving, maintenance charges, trash collection charges, weed charges, association dues, penalties, and <br />administration fees have been paid in full by the Seller. <br />or <br />b) that, if not previously paid by the Seller, all outstanding taxes and assessments including but not limited to all <br />above said items shall be deducted from the Sellers proceeds as reflected on the settlement statement. <br />c) that the Seller has not received any notification of any future assessments and has no knowledge of any <br />improvement or maintenance undertaken by any municipality or association. <br />d) that the Seller will immediately pay any taxes and assessments including but not limited to the above said items <br />(Paragraph 3a) which may subsequently be discovered to have been a lien on the property or incurred prior to <br />the date of closing, <br />Seller and Purchaser acknowledge and agree: <br />a) That any settlement to the proration of taxes or assessments is a matter entirely between the Seller and <br />Purchaser, and that neither the Seller nor the Purchaser is relying on advice from Metropolitan Title Company in <br />determining method of statement. <br />b) That Metropolitan Title Company is relying on the agreement of the Seller and Purchaser as reflected in the <br />settlement statements in order to disburse funds. <br />c) That, except for the failure of Metropolitan Title Company to properly account for the funds provided to it, Seller <br />and Purchaser jointly and severally agree the indemnify Metropolitan Title Company for any loss or damage, <br />including but not limited to reasonable attorney fees incurred as a result of failure to comply with this <br />agreement. <br />d) That Seller and Purchaser acknowledge Metropolitan Title Company and its underwriter are relying on the <br />representations made herein for the purpose of closing the real estate transaction referenced herein and are <br />disbursing funds based on upon such reliance. <br />Seller(s): <br />Purchaser(s): <br />w- �iq Perri h I CITY <br />Metropolitan Title Company <br />America's Premier title Agency <br />File Number: 185059 <br />