Common use of Costs of Closing Clause in Contracts

Costs of Closing. Real Property Seller shall pay (a) all recording costs and other costs relating to any title matters which Real Property Seller elects or is otherwise obligated to correct, (b) any documentary stamp tax or similar tax due in connection with the recording of the Deed or the conveyance of the Property (c) any commissions charged by Broker, and (d) Real Property Seller’s attorneys’ fees. Real Property Buyer shall pay (u) the cost of the title examination and the Owner’s Title Policy (v) all recording costs relating to the recordation of the Deed (w) the cost of any survey obtained pursuant to paragraph 8 hereof, (x) all costs associated with any mortgage obtained by Real Property Buyer including, but not limited to, documentary stamps, intangible tax and recording costs (y) cost of a simultaneous issue mortgagee policy, and (z) Real Property Buyer’s attorneys’ fees. All other costs and expenses of the transaction contemplated hereby shall be borne by the party incurring the same.