Common use of BONDS AND ASSESSMENTS Clause in Contracts

BONDS AND ASSESSMENTS. In the event there is a bond or assessment which has an outstanding principal balance and is a lien upon the property, the current installment will be prorated between Buyer and Seller as of the date of closing. Future installments CAUTION: The copyright laws of the United States forbid the unauthorized reproduction of this form by any means including scanning or computerized formats. FORM 101-R.1 NEV (03-2002)

Appears in 2 contracts

Sources: Residential Purchase Agreement, Residential Purchase Agreement