Home Purchase Closing Costs. Closing costs related to the acquisition of a residence. Eligible costs would include survey and appraisal fees, legal fees and normal closing costs (such as certification of title fee, loan origination fees and expenses, costs of inspections, filing fees, credit report) and any other typical residential acquisition transaction costs excluding actual mortgage costs or purchase price.

Closing and Recording Costs. Seller shall pay the cost of documentary stamp taxes on the warranty deed, commission due Brokers (as hereinafter defined), title search fees, municipal lien search fees, cost of owner’s title insurance policy, settlement fees and any the cost of any tax certificates. Buyer shall pay the cost to record the deed and escrow fee. Each party shall pay its respective legal fees. The security deposit, if any, under the Lease shall be transferred from Seller to Buyer at Closing.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, # all escrow fees of the Escrow Agent, # all recording costs relating to the Deed, # all title insurance premiums for any extended nature of the Title Policy and any endorsements desired by Purchaser with respect to the Title Policy, # all costs relating to the Survey and the Updated Survey, and # the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, # all costs and expenses of whatsoever nature relating to construction of the Improvements, # all title insurance premiums as if the Title Policy were a CLTA standard title policy and mechanic’s lien coverage, # all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, # all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and # the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave petty cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.

PAYMENT OF CLOSING COSTS. At Closing, Seller shall pay Seller’s Closing Costs (as set forth in [Schedule 2]) and Purchaser shall pay Purchaser’s Closing Costs (as set forth in [Schedule 2]). All other closing costs not addressed in this Section or elsewhere in this Agreement shall be allocated in accordance with the customary practice in the county in which such Property is located or shall be borne by the party who incurred such costs.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, # one-half of any escrow fees and other customary charges of the Escrow Agent, # all recording costs relating to the Deed, # all title insurance costs relating to extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, # all costs relating to the Survey, and # the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, # one-half of any escrow fees and other customary charges of the Escrow Agent, # all title insurance costs relating to the base Title Policy in the amount of the Purchase Price, # all applicable transfer taxes, mansion taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, # all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and # the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave petty cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement. The terms of this Section 6.4 shall expressly survive Closing.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, # any escrow fees of the Escrow Agent, # all recording costs relating to the Deed, # all title insurance costs relating to extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, # all costs relating to the Survey, and # the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, # all costs relating to the termination of Seller’s property management agreement, including any early termination fees, # all title insurance costs relating to the base Title Policy in the amount of the Purchase Price with Title Company to provide to Seller a “Butler Rebate” in an amount of fifty percent (50%) of “agent share” of total title premiums, # all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, # all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and # the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave petty cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, # one-half (1/2) of the escrow fees, # all title insurance costs relating to any endorsements desired by Purchaser with respect to the Title Policy, # all costs relating to the Survey and the Updated Survey, and # the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, # one-half (1/2) of the escrow fees of the Escrow Agent, # all recording costs relating to the Deed, # all costs and expenses of whatsoever nature relating to construction of the Improvements, # all title insurance costs relating to the Title Policy and mechanic’s lien coverage, # all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, # all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and # the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, # one-half of any escrow fees and other customary charges of the Escrow Agent, # all recording costs relating to the Deed, # all title insurance costs relating to extended coverage and/or any endorsements or modification of standard exceptions desired by Purchaser with respect to the Title Policy for each Seller Property, # all costs relating to the Survey, # in the event of a defeasance of the Queenston Loan, one-half of the cost to defease the Queenston Loan up to $300,000, and # the fees of Purchaser’s counsel.

Payment of Fees and Closing Costs. Payment of all fees and closing costs required hereunder and under the other Loan Documents.

Closing. The closing of the Offering (the “Closing”), shall take place at the offices of Ledgewood, simultaneously with the closing of the IPO on or before March 31, 2021 (the “Closing Date”). On the Closing Date, if the Subscriber has delivered the Purchase Price to Ledgewood as described in Section 1.2 above, Ledgewood shall wire the purchase price to Continental for deposit in the Trust Account.