Common use of CONVEYANCE AND CLOSING Clause in Contracts

CONVEYANCE AND CLOSING. Closing services will be provided by title company designated by Buyer: 401 (title company name and phone 402 number). Title company and/or its attorney(s) do not represent either Buyer or Seller. If Buyer or Seller desires legal representation, 403 they shall hire their own attorney. Both ▇▇▇▇▇ and ▇▇▇▇▇▇ agree to execute all documents required by the closing/escrow agent. At 404 Closing, Seller shall be responsible for transfer taxes/conveyance fees, Condominium or HOA transfer fees (this shall include any 405 and all administrative, association and/or management fees incurred as a result of the sale of the real estate, including, but not 406 limited to: new account set-up fees, certification fees, transfer fees, etc.), cost of acquiring HOA status letters, or any documents 407 required by the HOA to facilitate the transfer of the real estate, deed preparation, title company settlement fees chargeable to Seller, 408 the cost of removing or discharging any defect, lien or encumbrance required for conveyance of the Real Estate as required by this 409 Contract; and shall convey marketable title (as determined with reference to the Ohio State Bar Association Standards of Title 410 Examination) to the Real Estate by recordable and transferable deed of general warranty or fiduciary deed, if applicable, in fee 411 simple absolute, with release of dower. Title shall be free, clear and unencumbered as of Closing, with the exception of the 412 following, if applicable: (1) covenants, conditions, restrictions and easements of record, (2) legal highways, (3) any mortgage 413 expressly assumed by ▇▇▇▇▇ and agreed to by ▇▇▇▇▇▇’s current lender in writing, (4) all installments of taxes and assessments 414 becoming due and payable after Closing, (5) zoning and other laws, (6) homeowner/condominium association fees becoming 415 due and payable after Closing, and (7) the following assessments (certified or otherwise): 416 . Seller shall have the right at Closing to pay out of the 417 Purchase Price any and all encumbrances or liens. 418 Date of Closing shall be , or as mutually agreed by the parties. Notwithstanding 419 anything to the contrary, in the event that ▇▇▇▇▇ and Seller are proceeding in good faith performance under this Contract and 420 Closing cannot occur due to occurrence or circumstance out of the direct control of either party, the Date of Closing shall be 421 extended for a period of up to 7 calendar days. Unless otherwise agreed, such extension shall extend the terms of Possession and 422 Occupancy by an equal number of days as Closing was extended. 423 Make deed to: .

CONVEYANCE AND CLOSING. Closing services will be provided by title company designated by Buyer: 401 454 _ (title company name and phone 402 number). Title company and/or its 455 attorney(s) do not represent either Buyer or Seller. If Buyer or Seller desires legal representation, 403 they shall hire their own 456 attorney. Both ▇▇▇▇▇ and ▇▇▇▇▇▇ agree to execute all documents required by the closing/escrow agent. At 404 Closing, Seller 457 shall be responsible for transfer taxes/conveyance fees, Condominium or HOA transfer fees (this shall include any 405 and all 458 administrative, association and/or management fees incurred as a result of the sale of the real estate, including, but not 406 459 limited to: new account set-up fees, certification fees, transfer fees, etc.), cost of acquiring HOA status letters, or any 460 documents 407 required by the HOA to facilitate the transfer of the real estate, deed preparation, title company settlement fees 461 chargeable to Seller, 408 the cost of removing or discharging any defect, lien or encumbrance required for conveyance of the 462 Real Estate as required by this 409 Contract; and shall convey marketable title (as determined with reference to the Ohio State 463 Bar Association Standards of Title 410 Examination) to the Real Estate by recordable and transferable deed of general 464 warranty or fiduciary deed, if applicable, in fee 411 simple absolute, with release of dower. Title shall be free, clear and 465 unencumbered as of Closing, with the exception of the 412 following, if applicable: (1) covenants, conditions, restrictions and 466 easements of record, (2) legal highways, (3) any mortgage 413 expressly assumed by ▇▇▇▇▇ and agreed to by ▇▇▇▇▇▇’s current 467 lender in writing, (4) all installments of taxes and assessments 414 becoming due and payable after Closing, (5) zoning and 468 other laws, (6) homeowner/condominium association fees becoming 415 due and payable after Closing, and (7) the 469 following assessments (certified or otherwise): 416 ) _. 470 Seller shall have the right at Closing to pay out of the 417 Purchase Price any and all encumbrances or liens. 418 471 Date of Closing shall be __ _ , or as mutually agreed by the parties. Notwithstanding 419 472 anything to the contrary, in the event that ▇▇▇▇▇ and Seller are proceeding in good faith performance under this Contract 473 and 420 Closing cannot occur due to occurrence or circumstance out of the direct control of either party, the Date of Closing 474 shall be 421 extended for a period of up to 7 calendar days. Unless otherwise agreed, such extension shall extend the terms 475 of Possession and 422 Occupancy by an equal number of days as Closing was extended. 423 476 Make deed to: ._ _ _ _ _ 477 24. POSSESSION AND OCCUPANCY: Subject to rights of tenants, possession/occupancy shall be given 478 1) ❑ at Closing or

CONVEYANCE AND CLOSING. Closing services will be provided by title company designated by Buyer: 401 207 (name of title company name and phone 402 numbercompany, if known). Title company and/or its attorney(s) do not represent either Buyer or Seller. If Buyer or Seller desires legal representation, 403 they shall hire their own attorney. 208 Both ▇▇▇▇▇ and ▇▇▇▇▇▇ agree to execute all documents required by the closing/escrow agent. At 404 Closing, Seller shall be 209 responsible for transfer taxes/conveyance fees, Condominium or HOA transfer fees (this shall include any 405 and all administrative, association and/or management fees incurred as a result of the sale of the real estate, including, but not 406 limited to: new account set-up fees, certification conveyance fees, transfer fees, etc.), cost of acquiring HOA status letters, or any documents 407 required by the HOA to facilitate the transfer of the real estate, deed preparation, title company settlement fees 210 chargeable to Seller, 408 the cost of removing or discharging any defect, lien or encumbrance required for conveyance of the Real 211 Estate as required by this 409 Contract; and shall convey marketable title (as determined with reference to the Ohio State Bar 212 Association Standards of Title 410 Examination) to the Real Estate by recordable and transferable deed of general warranty or 213 fiduciary deed, if applicable, in fee 411 simple absolute, with release of dower, on , 214 or earlier as mutually agreed by the parties to be the date of Closing. Title shall be free, clear and unencumbered as of Closing, 215 with the exception of the 412 following, if applicable: (1) covenants, conditions, restrictions and easements of record, (2) legal 216 highways, (3) any mortgage 413 expressly assumed by ▇▇▇▇▇ and agreed to by ▇▇▇▇▇▇’s current lender in writing, (4) all installments 217 of taxes and assessments 414 becoming due and payable after Closing, (5) zoning and other laws, (6) homeowner/condominium 218 association fees becoming 415 due and payable after Closing, and (7) the following assessments (certified or otherwise): 416 219 . Seller shall have the right at Closing to pay out of the 417 Purchase Price any 220 and all encumbrances or liens. 418 Make deed to: . Buyer’s Initials Date / ▇▇▇▇ ▇▇▇▇▇▇’▇ Initials Date / Time Copyright April 2016 Property Address: Page 5 of Closing 6 221 18. POSSESSION: Subject to rights of tenants, possession/occupancy shall be given at Closing. Until such time, or Seller shall 222 have the right of possession/occupancy free of rent, unless otherwise specified, but shall pay for all utilities used. Seller shall 223 order final meter readings to be made as mutually agreed by of the partiesoccupancy date for all utilities serving the Real Estate and Seller shall pay for all 224 final bills rendered from such meter readings. Notwithstanding 419 anything to the contrary, in the event that ▇▇▇▇▇▇ acknowledges and agrees that prior to ▇▇▇▇▇ taking possession of the Real 225 Estate, Seller are proceeding shall remove all personal possessions not included in good faith performance under this Contract and 420 Closing cannot occur due to occurrence or circumstance out shall remove all debris. Time is of the direct control of either party226 essence. If Seller fails to vacate as agreed, the Date of Closing Seller shall be 421 extended responsible for all additional expenses, including attorney’s fees, 227 incurred by ▇▇▇▇▇ to take possession as a period result of up Seller’s failure to 7 calendar days. Unless otherwise agreed, such extension shall extend the terms of Possession and 422 Occupancy by an equal number of days as Closing was extended. 423 Make deed to: vacate.

CONVEYANCE AND CLOSING. Closing services will be provided by title company designated by Buyer: 401 ____________________________________ 474 (title company name and phone 402 number). Title company and/or its 475 attorney(s) do not represent either Buyer or Seller. If Buyer or Seller desires legal representation, 403 they shall hire their own 476 attorney. Both ▇▇▇▇▇ and ▇▇▇▇▇▇ agree to execute all documents required by the closing/escrow agent. At 404 Closing, Buyer 477 shall be responsible for any Association capital contribution fee. At Closing, Seller shall be responsible for transfer 478 taxes/conveyance fees, Condominium or HOA Association transfer fees (this shall include any 405 and all administrative, association 479 Association and/or management fees incurred as a result of the sale of the real estateReal Estate, including, but not 406 limited to: new 480 account set-up fees, certification fees, transfer fees, etc.), cost of acquiring HOA Association status letters, or any documents 407 481 required by the HOA Association to facilitate the transfer of the real estateReal Estate, deed preparation, title company settlement fees 482 chargeable to Seller, 408 the cost of removing or discharging any defect, lien or encumbrance required for conveyance of the 483 Real Estate as required by this 409 Contract; and shall convey marketable title (as determined with reference to the Ohio State 484 Bar Association Standards of Title 410 Examination) to the Real Estate by recordable and transferable deed of general 485 warranty or fiduciary deed, if applicable, in fee 411 simple absolute, with release of dower. Title shall be free, clear and 486 unencumbered as of Closing, with the exception of the 412 following, if applicable: (1) covenants, conditions, restrictions and 487 easements of record, (2) legal highways, (3) any mortgage 413 expressly assumed by ▇▇▇▇▇ and agreed to by ▇▇▇▇▇▇’s current 488 lender in writing, (4) all installments of taxes and assessments 414 becoming due and payable after Closing, (5) zoning and 489 other laws, (6) homeowner/condominium association Association fees becoming 415 due and payable after Closing, and (7) the following assessments (certified __________________________________________________________ 490 or otherwise): 416 . Seller shall have the right at 491 Closing to pay out of the 417 Purchase Price any and all encumbrances or liens. 418 Date _______________________________ 492 The date of Closing shall be , or as mutually agreed by the parties. Notwithstanding 419 493 anything to the contrary, in the event that ▇▇▇▇▇ and Seller are proceeding in good faith performance under this Contract 494 and 420 Closing cannot occur due to occurrence or circumstance out of the direct control of either party, the Date date of Closing 495 shall be 421 extended for a period of up to 7 calendar days. Unless otherwise agreed, such extension shall extend the terms 496 of Possession and 422 Occupancy by an equal number of days as Closing was extended. 423 ___________________________________________________________________________________ 497 Make deed to: .