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! ~4- 003837 7. Buye shall be entitled to possession Clos ng of this transaction; Tbe be.fa p l~O dF!:VR ~ft~,.. -t,hp<' _1ztt"e" 6'r that th~- ~o~tl~g~nci~s-;tatectin by the Buyer. The exact time and negotiated between the parties. 8. The parties agree that the Seller will expense, a Policy of Title InsuranCe insured and showing the premisestd all liens and encumbr.ances except of record. The cost of a title mortg.ge lender shall be paid by the 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 in~pected accepts the same in its preeent con._ tion. Buyer acknowledges that Selier ", .'nts or employees have representation to the Buyer as to the condition~f premises. ", Risk of loss to the premises shall be upon Selleruntil.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. Upon Closing, Seller agrees to convey the premises to Buyer by Special Warranty Deed, free and clear of all liens,~'1xes, and encumbrances except easements and restrictions of reeordj provided that~ said Deed shall convey to Buyer as estate in fee 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. i:L Time 1.s ~Jf the e.::3senee i)f this Agreement. All covenants and conditions contaInea herein shall be bInding upon and insure personal ~epresentatives, successors and assigns. Dated: hft,,/ , 1984, THE CIn OF GRAND ISLA~'1EBRASKA A Muni Ct21fPP-')iOJ' , t)..L 8y iJ~r -..It:z4- J'~ SELLER , .'4' df~.v_. -'__ BY"~~ BUYER By #lliZ;;"A.....J i I-W!J..1/7;:;", BUYER L