6B1 - Laserfiche WebLink

Home Browse Search

259 WARNING: THE SUCCEEDING YEAR TAX BILL FOR RECENTLY CONSTRUCTED HOMES OR FOLLOWING 260 REASSESSMENT PERIODS MAY GREATLY EXCEED THE LAST TAX BILL AVAILABLE TO THE CLOSING AGENT. 261 262 Buyer acknowledges Seller's tax exemptions and/or credits may not be reflected on future tax bills. 263 264 Buyer may apply for current -year exemptions/credits at or after closing. 265 266 R. PRORATIONS AND SPECIAL ASSESSMENTS: Insurance, If assigned to Buyer, interest on any debt assumed or 267 taken subject to, any rents, all other income and ordinary operating expenses of the Property, including but not 268 limited to, public utility charges, shall be prorated as of the day immediately prior to the Closing Date. Seller shall 269 pay any special assessments applicable to the Property for municipal improvements previously made to benefit the 270 Property. Seller warrants that Seller has no knowledge of any planned improvements which may result in 271 assessments and that no governmental or private agency has served notice requiring repairs, alterations or 272 corrections of any existing conditions. Public or municipal improvements which are not completed as of the date 273 above but which will result in a lien or charge shall be paid by Buyer. Buyer will assume and pay all special 274 assessments for municipal improvements completed after the date of this Agreement. 275 276 S. TIME: Time is of the essence. Time periods specified in this Agreement and any subsequent Addenda to the 277 Purchase Agreement are calendar days and shall expire at 11:59 PM of the date stated unless the parties agree in 278 writing to a different date and/or time. 279 280 Note: Seller and Buyer have the right to withdraw any offer/counter offer prior to written acceptance and 281 delivery of such offer /counter offer. 282 283 T. HOMEOWNERS ASSOCIAT10MICONDOFMNIUM ASSOCIATION ("Assoclation "): Documents for a mandatory 284 membership association shall be delivered by the Seller to Buyer within days after acceptance of this 285 Agreement If the Buyer does not make a written response to the documents within days after receipt, the 286 documents shall be deemed acceptable. In the event the Buyer does not accept t resions in the documents 287 and such provisions cannot be waived, this Agreement may be terminated by the Buyer and the earnest money 288 deposit shall be refunded to Buyer promptly. Any approval of sale required by the Association shall be obtained by 289 the Seller, in writing, within days after Buyer's approval of the documents. Fees charged by the 290 "Association ", or its management company, for purposes of verification of good standing and/or transfer 291 of ownership shall be shared equally by Buyer and Seller. Start -up or one time reserve fees, if any, shall be 292 paid by Buyer. 293 294 Buyer acknowledges that in every neighborhood there are conditions which others may find objectionable. 295 Buyer shall therefore be responsible to become fully acquainted with neighborhood and other off-site 296 conditions that could affect the Properly. 297 298 U. ATTORNEYS FEES: Any party to this Agreement who is the prevailing party in any legal or equitable proceeding 299 against any other party brought under or with relation to the Agreement or transaction shall be additionally entitled 300 to recover court costs and reasonable attorney's fees from the non - prevailing party. 301 302 V. ADDITIONAL PROVISIONS: 303 304 1. Unless otherwise provided, any proration for rent, taxes, insurance, damage deposits, association dues/ 305 assessments, or any other items shall be computed as of the day immediately prior to the Closing Date. 306 307 2. Underground mining has occurred in Indiana, and Buyers are advised of the availability of subsidence 308 insurance. 309 310 3. The Indiana Sheriffs Sex Offender Registry (www.indianasheriffs.ora) exists to inform the public about the 311 identity, location and appearance of sex offenders residing within Indiana. Broker is not responsible for 312 providing or verifying this information. 313 314 4. Conveyance of this Property shall be by general Warranty Deed, or by 315 subject to taxes, easements, restrictive covenants and encumbrances of record, unless otherwise agreed. 316 317 5. Seller represents and warrants that Seller is not a "foreign person" (individual entity) and, therefore, is not 318 subject to the Foreign Investment in Real Property Tax Act 319 320 6. Any notice required or permitted to be delivered shall be deemed received when personally delivered, 321 transmitted electronically or digitally or sent by express courier or United States mail, postage prepaid, 322 certified and return receipt requested, addressed to Seller or Buyer or the designated agent of either party. 620 Columbia Street. South Band. 46691 -- roDeel' ngo�asr Page 5 of 7 (Purchase Agreement) Produoed vft ZIPFomie by ripLogix 18070 FAW MIN Road, Finer, Middgm 48026 ~,J1CL02r,rprp 620 Columbia