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ARTICLE V <br />TITLE <br />Section 5.1. Condition of Title. Title to the Property shall <br />be conveyed by LIN to CITY by good and sufficient Grant Deed <br />subject only to exceptions as shown on the Preliminary Report, <br />(Permitted Exceptions), save and except for any liens for the <br />payment of money incurred by LIN, which LIN shall eliminate prior <br />to or at Close of Escrow. <br />Section 5.2. Evidence of Title. Delivery of title in <br />accordance with Section 5.1 shall be evidenced by the willingness <br />of the Title Company to issue or cause to be issued upon payment <br />of its regularly scheduled premium at Close of Escrow a standard <br />CLTA policy of title insurance in the amount of the Purchase Price <br />showing title to the Land and Improvements vested in CITY subject <br />only to the Permitted Exceptions and standard printed exceptions <br />of the policy. CITY, at CITY's option, may obtain an ALTA policy <br />of title insurance which additional cost shall be at CITY's <br />expense. <br />ARTICLE VI <br />(RESERVED) <br />6 <br />H n\docs\acquisit.agr <br />