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1 100949 as they beconva d'ue. Suc pc3icies Shall be carried in an amount not less than the full: replacement value of the improvements erected thereon. Sici policy or policies shall -i3e issued iii2 - iiasa"'�'c tli tke: - -eii i..'. t.' ;ir: e:':ii3i`�s":'�' -"=nt thereon showiner that the Buyer is purchasIna said property on land contract acid that the payment for any loss incurred ' - shall paydlale. to the parties it accordanc..e with their interests as they appear at the time of loss':. Buyer agrees to deliver said policy or policies of insurance to Seller upon issuance by the company and thereafter upon each renewal. Buyer agrees to carry, at its sole expense, public liability insurance in an amount rxrst less than Five Hundred -,housand and zio4101) Dollars ' (55#1 , 'ofl -00) ,per vcccuri.ence .cif bodily issJury or property lama , insurlTw against liability which may arise out of the use sir occupation of the property, which policy of insurance shall name 'Seller with certificates -. of insurance verifyinc, such coveracze t° rouahout the term of ' this contract. 5 Buyer avre°s to keep als bu,i,Ia3sacss. fractures, ;" fersces and other improvements now or hereafter- placed on the ti property in cSood condition and .repair w Buyer further agrees to commit or permit no�. waste- of the pro pert 31211 not to use. tar allow the property to use use �<ir any unlawful purpose,- or In any unlawful manner. Seller shall have the ridht to insert the entire property fron time to tiM at: such times as are reasonable, but it no event 'less frequently than semi- a:.rually. Buyer shall have * riat to alter" or xsaod� fy the Proper ty, including buildincs, fi x tomes, ° fences and ocher, .. - improvements', provided- such xaificat.iL?�s or alterations' do " not diminish the value of the property as a wholkek L A 6. - Seller warrants ai— rep °resent,& that it s r,.�,e - simple title to the that it has lawful right and authority to convey the property to Buyer in accordance scat the testis of this contract, that it Shall convey' and transfer, ` Eby point Tenaicy warranty Deed, fee simle title to the property, good in fact and marketable in fact of record. free and clear of all liens and encumbrances_ except matters ' of record or not L3f recorrd thhat in arty way affects tiCse to - the property wtich resulted- from the acts or o1ni.ssslons of Buyer and subject also to easements,. cover - nts and restrictions of record. E Seller grants to Buyer an +agent in time form attached - - hereto, labeled Exhibit B., fe which pro :i_des for the common =use -. of a driveway between Lots 'free (3) : and your (4) in said Ryder Suhdivision and craa-ts to l .ot '1Ia_.ree 0) a parkin area, in accordance with the License A.areement with the City o£ Grand Island. Nebraska, on she ;So=ith Fifty feet f-950 of Lot Four (4). EXCEPT AS f3?'PE?zrlcv s?'P 11 CIS PARAGRAPH 5. ALL PROPERTY W'ETi3R PSC Cka READ: ZS R£"'By Bf�i2Elt IZ� Fri "AS. IS- CONDITION, VI �P —UI , EXPRESS OR IMPLIED, EITHER AS -10 COMMI `ION OR COMP-11A :CE WI I ANY APPLICABLE LAWS. OR GoVMER.i sivvMAL REGUITZONS. Buyer acknowl-edces " that it has conducted such inspection of the property,' including time improvements and equipment, as Buyer per necessary or des.iranle prior to execution hereof. 7. Buyer shall- gray any re rdincs fees required by " this transaction. Seller shall pay real estate transfer and documentary taxes and, to that end, Buyer Shall withhold " from the final payment an amount sufficient to i_:�ay such transfer and docwmentary takes as ray "be die fror Seller hereunder and shall paw such taxes can behalf wr . e l er upor, filing the deed.