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'"'OL`~4 <br />Z0. Buyer acknowledges that Buyer has inspected the premises <br />acrd knows-that the Seller has the duty to rehabilitate. the <br />premises in order to make the premises safe and sanitary pursuant <br />to ap.piicable building: codas. Buyer consents to Seller's <br />re=habilitation of the premises to standards determined applicable <br />by Seller. <br />11. Upon Closing, Seller agrees to convey a life estate in <br />the premises to Buyer by Quitclaim Deed, Buyer acknowledges. tha t <br />Buyer will not receive a Deed in fee simple, and that Buyer's <br />interest in the real estate wiil terminate upon the death of the <br />survivor of the parties referred to as Buyer. <br />12, Time is of the essence of this Agreement. All covenants <br />and conditions contained herein shall be binding upon. and insure <br />tu' the v'cuc'fit ^f the partie.. Karatn_ rho{r 1^P_BDeCt1V~ IYE2TC; <br />gersonal representatives, successors and assigns. <br />Dated : j~2~ru-c.4.~h._.~.. / ~ 19 8 3 . <br />L THE CITY pF GRA2vD ISLAND, NEBRASKF., <br />A Mun~al C~o,sryporation, <br />By ~~ l - ~ -~r+I'R-1~ <br />a or ~ _ Title <br />~` SELLER <br />r <br />~ R <br />f f ~~ ~ ood ~-rca rt-- <br />STATE fIF t3EBRASKA? <br />ss. <br />CC3UNTY QF HALL ? <br />The oregoing instrument was acknowledged before me this f ~ day <br />of ~, 1983, by Robert L. Kriz, Mayor of the <br />Cit of Grand- Island, Nebraska, a municipal corporation, on <br />behalf of the corporation_ <br />4 <br />~ ~~1-z~ ~ ~ ~ ° ~,,~e'`,,~.-, c.rzt~ .2'z1tcac.c.c.f~G.t..i <br />lE 4 a ~ 1 ~~L~Qtar- Pll~blli' <br />My commfasxon Expires: ~ ~~r7,,~~~~ c~,7Y 1~8~' <br />STAB OF N.EBR1~&RA) <br />5$. <br />Ct)Et~ITY OF gAT•L J <br />R'he~ o regoinq instrument was acknowledged before me this ` ~ ~ day <br />~' Y~~-~ ""~ 1983, by k~inifred Burmood, for the <br />purses therein statQS3. <br />i <br />~ ~,:.e~3t.,~tc.:.,` Notary Public -' <br />!ty camcei-ssion e~tpires: ~~+ ~.,~ ci.~' 1~~ <br />