HomeMy WebLinkAboutAUGUSTA PROPERTIES L.P ACKNOWLEDGEMENT AND RECEIPT OF SETTLEMENT STATEMENT 1328 BAKER AVENUE AUGUSTA GA 30901
File No.: 08-1104
ACKNOWLEDGEMENT AND RECEIPT OF SETTLEMENT STATEMENT
DATE: August 6, 2008
PURCHASER: Augusta Properties, L.P.
SELLER: AUGUST A, GEORGIA
PROPERTY ADDRESS: 1328 Baker Avenue, Augusta, GA 30901
Purchaser and Seller acknowledge that each has received, reviewed, and approved the entries appearing on
the settlement Statement, and each acknowledge receipt of a copy of same. Seller acknowledges receipt
and payment in full of the proceeds due Seller from the settlement. Seller warrants the correctness of all
payoff amounts for outstanding liens and encumbrances; if any deficiency occurs, Seller shall promptly
remit the same to the settlement agent.
If the proration of taxes and assessments was made based on estimated amounts prior to receipt of current
actual bills, Purchaser and Seller agree to adjust the prorations shown on the Settlement Statement between
themselves when current actual bills are received. The payment of all outstanding taxes and assessments not
paid at settlement are assumed by Purchaser.
Purchaser and Seller acknowledge that settlement agent makes no representations as to the status of any
outstanding or past due water, sewerage or other utility bills applicable to the property. The status of such
items shall be determined by and are the responsibility of the Purchaser and Seller.
Purchaser and Seller agree that should any inadvertent errors or omissions later be discovered in any
documents executed at settlement, they shall promptly execute such corrective documents and remit such
sums as may be required to adjust or correct such errors or omissions.
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Purchaser hereby acknowledges that a real property tax return and application for homestead exemption is
required by law and is to be filed with the county tax collector in which the property lies, between January 1
and June 1 of the year immediately following settlement and that such filings are the sole responsibility of
Purchaser. Seller warrants that all
required tax returns and applicable exemption applications have been filed for the current tax year. Seller
further agrees to reimburse Purchaser for any penalties caused by Seller's failure to file a proper and timely
tax return.
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As part of the consideration of this sale, the contract between the parties is by reference incorporated herein
and made a part hereof; the terms and conditions contained therein shall survive the closing and shall not
merge upon delivery of the Warranty Deed.
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AUGUSTA, GEORGIA, a political subdivision of the
State ~f9r..gia If-- SeU"
By: u!~-
David S. Co~nhaver
YIts: Mayor
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Augusta Properties, L.P.
a Georgia limited partnership
Buyer
By:
By: MEDALLION-AP, LTD.
an Ohio limited liability company
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Greg James arr
Its: Managing Member