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202107228 <br />4. Title Insurance and Deed: SELLER shall obtain a title insurance commitment on the <br />property certified by bonded abstract or issued by title insurance company or underwriter who is <br />licensed or authorized to do business in the State of Nebraska. The title insurance commitment <br />will show marketable title to the property in the SELLER and then in accordance with the terms <br />and conditions of this agreement, said title insurance commitment shall be furnished to the <br />BUYER or the BUYERS' attorney as soon as administratively possible after the execution of <br />this agreement and shall become the property of the BUYER when the purchase price is paid in <br />full. <br />BUYER shall approve or disapprove title to the property within a reasonable period of <br />time after receipt of the title insurance commitment. If any defect in title is discovered during <br />the examination of the title commitment by either the BUYER or the lender of the BUYER, <br />BUYER shall furnish the SELLER with a copy of the opinion which reflects such defect. The <br />SELLER shall have a reasonable time to cure such defect and SELLER shall bear the expense of <br />curing the same. If efforts to cure any such defect fail, both SELLER and BUYER shall have the <br />option to rescind this agreement and retain any payments made to each other. <br />SELLER will execute and deliver to BUYER at date of closing, a Warranty Deed <br />conveying the property in fee simple pursuant to and in conformity with this agreement. <br />5. Risk of Loss: Risk of loss or damage to the property by fire or other casualty until the <br />date of closing, shall rest with the SELLER until the time of delivery of possession, and in such <br />event, the BUYER shall have the right and option to cancel this Agreement and receive all <br />monies paid under the Agreement. SELLER shall maintain existing hazard/liability insurance <br />covering the property in full force and effect up to and including the date of closing or reimburse <br />the existing lender for maintaining hazard/liability insurance to the date of closing. <br />After closing, BUYER shall indemnify and hold harmless SELLER from any and all <br />demands, loss or liability resulting from the injury to or death of any person occurring after the <br />date that possession of the property being sold hereunder is given to BUYER and resulting from <br />the condition of such property or the conduct of BUYER with respect thereto. <br />6. Condition of Premises and Maintenance Until Closing. SELLER agrees to maintain <br />until closing, the heating, water heating, sewer, plumbing and electrical systems in good working <br />condition. <br />7. Real Estate Taxes: Real estate taxes for the property prior to and including 2020 taxes <br />shall be paid by the SELLER on or before the date of closing. Taxes for 2021 shall be prorated <br />and paid by BUYER and SELLER. Taxes for all subsequent years, shall be paid by BUYER. <br />SELLER shall pay, on or before the date of closing, any and all assessments that have been, or <br />shall be, assessed against the property to the date of closing. <br />8. Fixtures and Personal Property. This sale includes all improvements, fixtures, <br />equipment attached to the premises and appurtenances in addition to certain personal property <br />described as follows: Stove, Microwave, Water Softener, Refrigerator, Dishwasher, and <br />Washer and Dryer. <br />9. Inspection of Property. BUYER shall have the right, prior to closing, to have the roof, <br />foundation, plumbing, electrical, furnace, water heater and/or air conditioning equipment <br />Page 2 of 5 <br />