Common use of ROLLBACK TAXES Clause in Contracts

ROLLBACK TAXES. If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller's use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. TXR 1607 Initialed for identification by ▇▇▇▇▇ and Seller TREC NO. 9-15 Contract Concerning LOT ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇, TX 77640 Page 6 of 10 11-08-2021

ROLLBACK TAXES. If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller's use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. TXR 1607 Initialed for identification by ▇▇▇▇▇ and Seller TREC NO. 9-15 Contract Concerning LOT ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇80 MARINA COLONY SEC I .119 AC (5 200SF), ▇▇▇▇ PORT ▇▇▇▇▇▇, TX 77640 Page 6 of 10 11-08-2021

ROLLBACK TAXES. If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller's use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. TXR 1607 Initialed for identification by ▇▇▇▇▇ and Seller TREC NO. 9-15 Contract Concerning LOT SOUTHWIND /LOT ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇, TX tx 77640 Page 6 of 10 11-08-2021

ROLLBACK TAXES. If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes, penalties or interest (Assessments) for periods prior to closing, the Assessments will be the obligation of Buyer. If Assessments are imposed because of Seller's use or change in use of the Property prior to closing, the Assessments will be the obligation of Seller. Obligations imposed by this paragraph will survive closing. TXR 1607 Initialed for identification by ▇▇▇▇▇ and Seller TREC NO. 9-15 Contract Concerning LOT ▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇, ▇▇▇▇ ▇▇▇▇▇▇, TX 77640 Page 6 of 10 11-08-2021