Orange County NC Website
Browse       Search
(h) Representations/Warranties. All representations and warranties contained in this <br />Agreement are true and correct as of the date of execution of this Agreement and will be true <br />as of the Closing Date and shall survive closing and execution and delivery of the Deed and <br />shall not be merged therein. <br />7. SETTLEMENT CHARGES: <br />(a) Seller shall pay for the preparation of a deed, for the preparation and recording <br />of all documents necessary to convey marketable fee simple title free of liens and <br />encumbrances, and for the excise tax required by law. <br />(b) Buyer shall pay for recording the deed. <br />(c) Property owned by Buyer and Seller is exempt from ad valorem taxes. Should <br />ad valorem taxes be owed on the Property for the calendar year in which the closing occurs <br />they shall be paid by Seller. Seller shall pay any Orange County ad valorem taxes on personal <br />property of Seller for the entire year of the closing. Seller shall pay all prior year's taxes, all <br />deferred taxes and any tax penalties including late listing penalties, if any, which constitute a <br />lien on the Property. <br />(d) Buyer shall pay for a survey of the Property and all other closing costs other <br />than those associated with environmental cleanup, if necessary, as provided for in paragraph 6 <br />(fl• <br />8. CONDITIONS: <br />(a) Seller agrees to allow Buyer access to the Property for the purpose of <br />inspecting, surveying, testing and analyzing the Property at any time prior to the closing of the <br />purchase of the Property. <br />7 <br />