Laserfiche WebLink
<br /> <br />H. To pay all mortgage and insurance payments before the <br />the same becomy delinquent. <br />7, Buyer shall be entitled to possession of the premises upon the <br />Closing of this transaction. 'The Closing shall he on or before 6o days <br />a€ter the date of this Agreement, provided that the contingencies stated in <br />~k5 above have been satisfied by the Buyer. 'Ifi e exact time and place of <br />Closing shall be negotiated between the parties, <br />8. The parties agree that the Seiler will provide at its expense <br />a Policy of Title Insurance showing the Buyer as insured and showing Che <br />premises to be free and clear of all liens and encumbrances except easements <br />and restrictions of record. The cost of a title insurance loan policy for <br />any mortgage lender shall be paid by Buyer. <br />9. Seller agrees to pay the real estate taxes for 1981 All <br />of the 1982 real estate taxes and subsequent years' taxes shall be paid by <br />Buyer. <br />10. Buyer acknowledges that Buyer has inspected the premises and accepts <br />the same in its present condition. Buyer acknowledges that Sellers agents or <br />employees have made no representations to the Buyer as Co the condition of <br />the premises pursuant to this Agreement and as stated in Exhibit "A". <br />11. Risk of loss to the premises shall be upon Seller until the time <br />of Closing. After Closing, risk of loss shall be upon Buyer, and Buyer shall <br />insure the premises against casualty loss for the reasonable value of the <br />premises. <br />12. Upon Closing, Seller agrees to convey the premises to-Buyer by <br />Special warranty Deed, free and clear of all liens, taxes, and encumbrances <br />except easements and restrictions of record; provided that, said Deed shall <br />convey to Buyer an estate in fee simple determinable, and in the event <br />of breach of any o€ the covenants contained in this Agreement, the possibility <br />of reverter shall vest in the Seller herein, the City of Grand Island, Nebraska. <br />13. Time :is of the essence of this Agreement. A11 covenants and <br />conditions contained herein shad be binding upon and inure to the benefit <br />of the parties hereto, their respective heirs, personas representatives, <br />successors and assigns. <br />Dated : ~A c~~.e~-aC.~ifJ /3~ 1982 <br />THE CITY OF GRAND ISLAND, NEBRASKA <br />A iwtunicipal Corporation <br />/ _ <br />Ma or ~ Title <br />SELLER <br />~a~~ <br />Daryl E-~ ugene"Bartlett <br />BUYER <br />