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<br />I <br /> <br />83- 006103 <br /> <br />r <br /> <br />7. Buyer shall be entitled to possession of the premises upon <br />Clasiog of this transactioo. The Closing shall be on or <br />before 150 days after the date of this Agreement, proVided <br />that the contingencies stated in itS above have been satisfied <br />by the Buyer. The exact time and place of Clasinr shall be <br />negotiated between the parties. <br /> <br />8. The parties agree that the Seller will provide, at its <br />expense, a Policy of Title Insurance showing the Buyer as <br />insured and showing the premises to be free and clear of <br />all liens and encumbrances except easements and restrictions <br />of record. The cost of a title insurance policy for any <br />mortgage lender shall be paid by the Buyer. <br /> <br />9. Seller agrees to pay the real estate taxes for 1982. All <br />of the 1983 real estate taxes and subsequent years' taxes, if <br />closing is on or before December 31, 1983, shall be paid by <br />the Buyer. <br /> <br />10. Buyer acknowledges that Buyer has inspected the premises and <br />accepts the same in its present condition. Buyer <br />acknowledges that Seller agents or employees have made on <br />representation to the Buyer as to the condition of the <br /> <br />11. Risk of loss to the premises shall be upon Seller until the <br />time of Closing. After Closing, risk of loss shall be upon <br />Buyer, and Buyer shall insure the premises against casualty <br />loss for the responsible value of the premises. <br /> <br />12. Upon Closing, Seller agrees to convey the premises to Buyer <br />by Special Warranty Deed, free and clear of all liens, taxes, <br />and encumbrances except easements and restrictions of record; <br />provided that, said Deed shall convey to Buyer an estate in <br />fee simple determinable, and in the event of breach of any of <br />covenants contained in this Agreement, the pOSSibility of <br />reverter shall vest in the Seller herein, the city of Grand <br />Island, Nebraska. <br /> <br />13. Time is of the essence of this Agreement. All covenants and <br />conditions contained herein shall be binding upon and insure <br />to the benefit of the parties hereto, their respective heirs, <br />personal representatives, successors and assigns. <br /> <br />Dated: -,.j{~.t'-../; -,..,--",~,_L ,} j >;'?7 <br /> <br />, 1983. <br /> <br />THE CITY OF GRAND ISLAND, NEBRASKA, <br />A Municipal Corporatioo, <br /> <br />rfU/'.[.../CZ 7!:: <br /> <br />7ayor <br /> <br /> <br /> <br />'t~'< .< , <br />By /,."'~""C/ ,\,<. ' <br />David William <br /> <br />SELLER <br /> <br />... /~,! , . . <br />".>-- < \-' '.1 <br />Harris <br /> <br />BUYER <br /> <br />