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notice to Sellers and thereupon have return~'~t~i'~i~ems and <br />funds theretofore paid or deposited hereunder, in which event <br />Sellers shall pay all nonrefundable escrow, title and financing <br />costs theretofore incurred and Sellers and Buyer shall be <br />relieved of further liability hereunder. <br /> <br /> 5. ESCROW PROCEDURE. All documents and funds <br />necessary to complete this transaction shall be placed in escrow <br />with Chicago Title Insurance Company within 60 days of approval <br />of this Agreement by Council. This Agreement shall be <br />considered by the Escrow Agent as escrow instructions, but shall <br />be subject to the Escrow Agent's standard conditions of escrow <br />acceptance where not inconsistent herewith, and which conditions <br />of escrow shall be made a part hereof and incorporated herein by <br />reference. <br /> <br />TITLE TRANSFER, OCCUPANCY AND POSSESSION. <br /> <br />A. Title Transfer. Title shall transfer <br /> <br />Purchaser by the recording of the deed <br />changed by agreement of Buyer and Seller. <br /> <br /> Be <br />occupancy <br />of title. <br /> 7. <br /> <br /> to <br />unless such date is <br /> <br /> Occupancy and Possession. Sellers shall deliver <br />and possession of the Property to Buyer upon transfer <br />Said sale is subject to existing leases. <br /> <br /> SALES COMMISSIONS. Sellers shall be responsible <br /> <br />charged <br /> <br />as a consequence of this transaction. Sellers agree, <br />and represent that no such commissions are due any <br />and agree to indemnify, save <br />from any .claims for sales <br /> <br />8. ~RORATIONS, CHARGES AND CREDITS. <br /> <br /> A. Charges Against Sellers. Sellers shall be <br /> <br />with the following costs, to be deducted by the Escrow <br /> <br />entity <br /> <br />warrant <br /> <br />person <br /> <br />and hold harmless the <br />commissions of any sort. <br /> <br />or entity from the Sellers <br /> Buyer <br /> <br />for any and all sales commissions due any individual or business <br /> <br /> <br />