Orange County NC Website
Browse       Search
(c) Ad valorem taxes on the Property, if any, for the calendar year in which the <br />closing occurs shall be paid by Seller. Buyer's share of the pro-rated ad valorem taxes on the <br />Property that would be charged to Buyer at the Closing if Buyer were not a North Carolina local <br />government shall be added to the purchase price as provided in Paragraph 1 of this Agreement. <br />Seller shall pay any ad valorem property taxes on personal property of Seller for the entire year <br />of the Closing. Seller shall pay all deferred taxes and any tax penalties including late listing <br />penalties. <br />(d) Buyer shall cause the Property to be surveyed, shall cause a recordable plat of the <br />Property to be prepared, pay the cost of the survey and the plat of the Property and pay any other <br />closing costs not itemized in Paragraph 4 of this Agreement. The survey shall be approved by <br />both the Buyer and the Seller, which approvals shall not be unreasonably withheld. <br />CONDITIONS: <br />(a) Seller agrees to allow Buyer access to the Property for the purpose of inspecting, <br />testing and analyzing the Property at any time prior to the closing of the purchase of the <br />Property. Buyer agrees that in its inspecting, testing and analyzing of the Property it will not <br />damage the Property. Buyer agrees, to the extent permitted by law, to indemnify Seller for any <br />damage Buyer causes to the Property in conducting its inspections. <br />(b) On request of Buyer, Seller agrees to exercise Seller's best efforts to deliver to <br />Buyer, as soon as reasonably possible following the signing of this agreement, copies of any title <br />information in possession of or available to Seller, including, but not limited to, title insurance <br />policies, attorneys opinions on title, surveys, covenants, deeds, notes, and deeds of trust and <br />easements relating to the Property. <br />(c) Any and all deeds of trust, liens or other charges against the Property not assumed <br />by Buyer must be paid and cancelled by Seller prior to or at closing. <br />6 <br />