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w <br />to. Buyer acknowledges that Buyer has inspeceo& the premises and accepts <br />the same, in its present condition. Buyer ,acknowledges that Seller <br />agents or empleyees have made no representation to the Buyer as to the <br />condition of the premises. <br />11. Risk of loss to the premisos'.shall be -upon Seller until the time of <br />Closing,. A f ter Closing, r L sk of loss. shal 1. be upon Buyer . and Buyer <br />shall , Insures the premises aga Est casualty ows or the responsible <br />valeie. ¢tf O. Ar premises. <br />12. tlpaft''C'losOVp Seller agrees to,-convey the' premises to Buyer by Special <br />Warranty sited, free and clear.- P f,.'411 liens, taxes, and encumbrances <br />except easements and restrictions of rectwd; provided that, said Deed <br />shad convey to Buyer as estate-- in e.14i4 simple determinable, and. in the <br />event of breach of any of covenants. contained in this �ygreement, the <br />possibility of reverter shall vest in tho:,..Seller hereini, the City of <br />Grand Island, Nebraska. <br />13. Time is of the essence of this Agreement. All covenants and <br />conditions contained herein shall be binding upon and insure personal, <br />representatives, successors•,and assigns. <br />Dated.a;._ M�%rch 27 , 1989. <br />SELLERI <br />THE CITY OF GRAND I sLAND,, NEBRASKA <br />BU Rt A Municipal Corporation. <br />Deborah Cyan Koci. Chuck Baaseh - (Mayor) <br />a MI <br />