Laserfiche WebLink
b "~ <br />• N <br />due Owner for any and all claims of any description whatsoever <br />arising from the purchase of the Property and Sanitary Sewer <br />Easement. <br />6. Conveyance. Owner shall convey to City the Property by <br />grant deed in fee simple absolute, free and clear of all liens, <br />encumbrances, and taxes, except (i) taxes for the fiscal year in <br />which this escrow closes which shall be cleared and paid in the <br />manner required by Section 4986 of the Revenue and Taxation Code, <br />if unpaid at the close of escrow; (ii) those exceptions to title <br />disclosed in the Preliminary Report issued by Northwestern Title <br />Company dated October 8, 1985, Order No. 87818; and (iii) any <br />agricultural leases as described in Section 9 herein. <br />7. Time of Conveyance. <br />(a) Owner shall convey the Property to City, or its <br />assignee, at such time as designated by City, but in no event <br />later than September 1, 1986. <br />(b) Owner shall convey the Sanitary Sewer Easement to <br />City, or its assignee, at such time as designated by City, <br />said conveyance to be prior to actual installation of the <br />sewer line and at the time the final location of said ease- <br />merit has been fixed.. <br />8. Fees and Title Insurance.. City shall pay all escrow and <br />recording fees incurred in this transaction and, if title in- <br />surance is desired, the premium charged therefor. <br />- 4 - <br />