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• Seller certifies that Seller has not received notice of any pending assessments. �r '�y�``. irutials 10. Additional Fees and Costs. Any fees or costs that are necessary to transfer the property as required by the Purchase Agreement, including any amounts that are insufficiently collected and reflected on the Setdement Statement (HUD-1) shall be paid by the responsible party as deternuned by the Purchase Agreement. 11. Final Water Reading. Seller certifies that Seller has made arrangements with the city of Orono water department to have the final water reading made, and all bills for water prior to this final reading are solely the responsibility of Seller, unless otherwise agreed in the Purchase Agreement. Seller agrees to deEend and hold harmless Tide One, Inc. from any and all loss, costs, damages, attorneys' fees or expenses which result from any dispute regarding the water bill. 12. Property Tax Prorations. In the event that property taxes payable in the year 2011 are not available from the County Treasurer's office, Buyer and Seller agree that the prorations will be based upon last year's actual property tax amount or an estimate provided by the county. This proration shall be treated as a full and final payment, and an adjustment WILL NOT BE MADE if figures differ when finalized by the county,unless otherwise agreed by Buyer and Seller. Tide One, Inc. will not be responsible for any agreement between Buyer and Seller as to this matter, and Buyer and Seller agree to defend and hold harmless Tide One, Inc. for any and all loss, costs, damages, attorneys' fees or expenses,which result from any dispute regarding the proration of taxes. 13. Homestead`�,n,formarion. Seller certifies that the real property taxes are currently classified as: Homestead ��.�, Non-Homestead initiais initials �-.Bu�er,,, owledges that they are responsible for homesteading the property. Failure to do this will result in tax liability that may be based on non-homestead figures. 14. Cancellation of Automaric Payments. Seller acknowledges that any mortgages,lines of credit or home equity loans that utilized automatic payment MUST BE CANCELLED. Tide One, Inc. will not be responsible for any payments deducted by any of Seller's Lenders. 15. Full Disclosure of Mortgages, Liens or Encumbrances. Seller swears and affirms that Seller has disclosed ALL outstanding mortgages,liens or encumbrances that affect the property to be conveyed. 16. Satisfaction of Mortgages, Liens and Encumbrances. Tide One, Inc. is paying off all liens on the properry. Seller agrees to pay, or if Tide One, Inc. has to pay to satisfy any lien Seller agrees to reimburse Tide One, Inc. for any outstanding mortgage, lien, judgment or other encumbrance, whether recorded or unrecorded, reported on the Commitment or not,addressed on the HUD-1 Statement or not. 17. Payoff Indemnification, Shortages and Overages. a. Seller is responsible for any shortage in Payoff Amount. Seller agrees to pay any additional amounts that the lender being paid off requires. b. Any dispute as to amounts owed shall be taken up with the lender after the requested payment has been made. c. Seller agrees to make no further draws on any lines of credit that are being paid off. d. Many times the lender indicates that they will be recording a satisfaction of mortgage. As a result,Tide One, Inc. does not collect to record this document. If the lender fails to record this document,Tide One, Inc. will record a Certificate of Release in its place. Seller agrees to pay for the recording of this document if requested by Title One, Inc. Any dispute as to the money collected by the lender shall be between Seller and Lender only, and must be sought only after having paid for the recording of a Certificate of Release.