In the real estate contract at the bottom of Module IV review and print paragraphs 12 Conditions Affecting Title and 13 Deeds. Paragraph 12 indicates that title is being transferred to the premises subject to zoning ordinances, enforceable covenants, conditions and easements of record. Paragraph 13 provides the transfer will be made by a Warranty Deed. If a review of the title in a real estate transaction reveals an easement in favor of National Grid to lay power lines, and a sewer easement in favor of Warren County are filed, how does that affect the Warranty Deed given to the Buyer if the deed transfering the title does not make reference to these easements? Is title transferred subject to these easements? Additional review of the title to the premises shows that the last recorded deed to the property transferred title to John Smith and Alice Smith, as tenants by the entirety. John Smith died a resident of Warren County on 12/5/2005. If the contract for sale of the property is signed by Alice Smith only, is it a valid contract, or do we need to have the executor of the Estate of John Smith execute the contract also? Explain your reasoning? Is your answer different if they are divorced at the time of John Smith's death? 12. NEW YORK STATE TRANSFER TAX, ADDITIONAL TAX AND MORTGAGE SATISFACTION The Seller shall pay New York State Real Property Transfer Tax imposed by Section 1402 of the Tax Law and further agrees to pay the expenses of procuring and recording satisfactions of any existing mortgages. If applicable, the Purchaser shall pay the Additional Tax (a/k/a the "Mansion Tax" or "Luxury Tax") Imposed by Section 1402-a of the Tax Law on transfers of $1,000,000 or more. 13. TAX AND OTHER ADJUSTMENTS The following, if any, shall be apportioned so that the Purchaser and Seller are assuming the expenses of the property and income from the property as of the date of transfer of title: a. Rents and security deposits. Seller shall assign to Purchaser all written leases and security deposits affecting the premises. b. Taxes, sewer, water, rents, and condominium or homeowner association fees c. Municipal assessment yearly installments except as set forth in item "10". d. Fuel, based upon fair market value at time of closing as confirmed by a certification provided by Seller's supplier