6B1 - Laserfiche WebLink

Home Browse Search

192 If the Buyer reasonably believes that the Inspection Report reveals a DEFECT with the Property (under 193 Indiana law, "Defect" means a condition that would have a significant adverse effect on the value of the 194 Property, that would significantly impair the health or safety of future occupants of the Property, or that if not 195 repaired, removed, or replaced would significantly shorten or adversely affect the expected normal life of the 198 premises), and the Seller is unable or unwilling to remedy the defect to the Buyers reasonable satisfaction 197 before closing (or at a time otherwise agreed to by the parties), then Buyer may terminate this Agreement or 198 PROPERTY DE ECT transaction proceed EL ER closing. BUYER MAINTENANCE AND 199 200 MINOR REPAIR ITEMS MENTIONED IN ANY REPORT, SHALL NOT BE A BASIS FOR TERMINATION OF Y01 THIS AGREEMENT. 202 203 N. LIMITED HOME WARRANTY PROGRAM: 204 Buyer acknowledges the availability of a LIMITED HOME WARRANTY PROGRAM with a deductible paid b Buyer 205 which O will ® will not be provided at a cost not to exceed $ char to ❑ Buyer E Seller 206 and ordered by O Buyer ❑ Seller. Buyer and Seller acknowledge this LIMITED HOME WARRANTY PROGRAM 207 may not cover any pre - existing defects in the Property nor replace the reed for an independent home inspection. 208 Broker may receive a fee from the home warranty provider and/or a member benefit. The Limited Home Warranty 209 Program is a contract between Buyer/Seller and the Home Warranty Provider. The Parties agree that Brokers and 210 their companies shall be released and held harmless in the event of claims disputes with the Home Warranty 211 Provider. 212 213 O. DISCLOSURES: (Check one) 214 1. Buyer O has O has not ® not applicable received and executed SELLER'S RESIDENTIAL REAL ESTATE 215 SALES DISCLOSURE. 216 2. Buyer O has O has not ® not applicable received and executed a LEAD -BASED PAINT CERTIFICATION 217 AND ACKNOWLEDGMENT. 218 219 P. TITLE APPROVAL: Prior to dosing, Buyer shall be furnished with M a title insurance commitment for the most 220 current and comprehensive ALTA Owners Title Insurance Policy available in the amount of the purchase 221 price or O an abstract of title continued to date, showing marketable title to Property in Sellers name. Seller 222 must convey title free and dear of any encumbrances and tide defects, with the exception of any mortgage 223 assumed by Buyer and any restrictions or easements of record not materially interfering with Buyers intended use 224 of the Property. A title company, at Buyers request, can provide information about availability of various additional 225 title insurance coverages and endorsements and the associated costs. 226 227 Owners Title Insurance Premium and that portion of Tide Service Fees incurred to prepare the Owners Policy 228 (including title search and examination and commitment preparation), to be paid by ❑ Buyer (included in 229 allowance, if provided) M Seller O Shared equally. 230 231 Lenders Title Insurance Premium and that portion of Title Service Fees incurred to prepare the Lenders Policy 232 (including title search and examination and commitment preparation), if applicable, to be paid by ® Buyer (included 233 in allowance, H provided) ❑ Seller O Shared equally O Other 234 235 The parties agree that 0 Seller U Buyer will select a title insurance company to Issue a title Insurance policy and 236 will order the commitment ® immediately or ❑ other. 237 238 Pursuant to Federal and State law, Seller cannot make Sellers selection of a title insurance provider a condition of 239 this Agreement. 240 241 Seller agrees to pay the cost of obtaining all other documents necessary to perfect title (including the cost of the 242 deed and vendors affidavit), so that marketable tide can be conveyed. 243 244 O. TAXES: (Check paragraph 1, 2 or 3) 245 ❑ 1. Buyer will assume and pay all taxes on the Property beginning with the taxes due and payable on 246 and all taxes due thereafter. At or before dosing, Seller shall pay all 247 taxes for the Property payable before that date. 248 ® 2. All taxes that have accrued for any prior calendar year that remain unpaid shall be paid by Seller either to 249 the County Treasurer and/or the Buyer in the forth of a credit at closing. All taxes that have accrued for the 250 current calendar year shall be prorated on a calendar -year basis as of the day immediately prior to the 251 Closing Date. 252 253 For purposes of paragraph 1 and 2: For the purpose of determining the credit amount for accrued but unpaid 254 taxes, taxes shall be assumed to be the same as the most recent year when taxes were billed based upon cerh(ied 255 tax rates. This shall be a final settlement. 256 257 O 3. FOR RECENT CONSTRUCTION OR OTHER TAX SITUATIONS. Seller will give a tax credit of 258 $ to Buyer at closing. This shall be a final settlerent. fi20 Columh±& Street. South Rand. 45501 (PIO�Y ) - - -- -- Page 4 of 7 (Purchase Agreement) Pm&ioep w8h apForm® by APO* 18070 FMW Mae Road, Fraser, Mkhigen 48028 let .{ b20 Columbia