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. . by the Buyer. The ex.at time and negotiated between the par'tles. 8. The parties agree that the Seller will>~", expense, a Polioy of Title In8urano.e..~ insured and showing tnepremises to..be all liens and encumbranoefi> exoeptea:J~.IJi~:t.~:: of record. The cost ofatitle insura"oe~:o$ mortgage lender shall be paid by the Buyer. 9. Seller agrees to pay the real estate taxes the 1984 real estate taxes and subsequent closing is on or before December 31, 1984, the Buyer-. 10. Buyer acknowledges that Buyer has inspected accepts the ~ame in its present condition. acknowledges that Seller agents or employees representation to the Buyer as to the condition premises. 11. Risk of loss to the premises shall be upon Seller until the time of Closing. After Closing, risk of loss shall be upon Buyer, and Buyer shall insure the premises against casualty loss for the responsible value of the premises. 12. Upo.. Clo,\$ing.. Seller agrees to-convey the premises by Special Warranty Deed, free and clear of all liens, and encumbrances except easements and restrictions of record; provided that, said Deed shall convey to Buyer as estate in f4e simple determinable, and in the event of breach of any of covenants contained in this Agreement, the possibility of reverter shall vest in the Seller herein, the City of Grand Island, Nebraska. 13. Time is of the essence of this Agreement. All covenants and conditions contained herein shall be binding upon and insure personal representatives, successors and assigns. Dated: J ;1--/3 , , 1984. By M SELLER By (r.~QV\~ BUYER B J' . r )/'I-++- y /fJ{\JI,A^J j . ,~l,t BUYER ..J