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81--0()378 June 8, 1971, except the provisions of Article IV; and at such time as such purchase price-has been paid in full, such Lease dated June 8, 1971, shall. by virtue of this agreement forthwith terminate and be of no further force and effect. Until such Lease terminates in accordance with this Paragraph, so long as Buyer is not in default under this agreement, Buyer shall have all of the rights of Seller under such Lease without thereby diminishing the right of Seller to require Buyer to abide by the terms and provisions of such Lease as provided in t.:?s Paragraph. 6. The closing of the transaction contemplated by *his agreement (referred to in this agreement as the "Closing") shall take place on September 1,-1981, at the office of Rollin Ba?.ley, 725 Stuart Building, Lincoln, Nebraska, at such time during regular business hours as the parties may agree upon, or on such later date as Seller has remedied any title defects in accordance with Paragraph 3. 7. Buyer acknowledges and represents to Seller that Buyer has inspected the Property and is satisfied as to the condition thereof. Buyer agrees that it is entering into this agreement in reliance upon such inspection and Buyer`s general familiarity with the Property and not in reliance upon any representations or warranties of condition by Seller. 8. If Buyer fails, refuses or neglects to pay any installment of the purchase price set forth in Paragraph 2 within thirty (30} days after such installment has become due, then Seller, at Seder's option, may at once and without notice declare the whole amount ~f the ourchas° price then remaining unpaid at cnce due and payabl:. in full and may maintain an action at law or in equity to recover such purchase price. Such remedy shall not be deemed to be Seller`s exclusive remedy and shall be in addition tc any other remedies available to Seller at law or in equity or by statute. 9. Buyer shall be entitled to possession of the Property from and after *_he Closing, subject to all of the terms and pro- visions of such Lease dated June 8, 1971. 10. This agreement shall be binding upon and inure to the benefit of the garties hereto and their respective successors and assigns. 11. This agreement may be executed in multiple counterpart copies, each of which executed counterparts shalt be deemed to be the original for all purposes. 12. The title insurance commitment and policy referred to in Paragraph 3 shall contain a prevision that upon the execution and delivery of the personal representative's deed from Seller to Buyer, Buyer will have merchantable fee simgle title to the Property. 13. Seller shall pay the tax imposed by the ~7ebraska docu- mentary Stamp Act (Article 9, Chapter 76 ^f the Nebraska Statutes) by way of a credit against the purchase price in favor of Buyer at the Closing. lA. Each of the provisions and agreements imposing any obdgations or duties an either Buyer or Seiler shall. constitute a covenant, the breach of which shall be ueemed material; and the rs.ghts of either i3uyer or Seller in 'she event of any such breach may be enforced as provided in {.~h.is .iyre~z?tent, r~_