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5. ESCROW PROCEDURE. Ail 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 /> <br />reference. <br /> <br />Purchaser by the recording of the deed unless such <br />changed by agreement of Buyer and Seller. <br /> <br /> B. Occupancy and Possession. Seller shall <br /> <br />TITLE TRANSFER, OCCUPANCY AND POSSESSION. <br /> <br />A. Title Transfer. Title shall transfer to <br /> date is <br /> <br />deliver <br /> <br />occupancy <br /> <br />of title. <br /> <br /> 7. SALES COMMISSIONS. <br /> <br />any and all sales commissions <br />entity as a consequence of this <br />warrants and represents that no <br />person or entity from the Seller <br />and hold harmless the Buyer <br />commissions of any sort. <br /> <br /> 8. PRORATIONS, CHARGES AND CREDITS. <br /> <br /> A. Charges Against <br /> <br /> charged with the following costs, <br /> <br /> Agent from funds due Seller: (1) <br /> <br />and possession of the Property to Buyer upon transfer <br /> <br />Seller shall be responsible for <br /> <br />due any individual or business <br /> transaction. Seller agrees, <br /> such commissions are due any <br /> and agrees to indemnify, save <br /> from any claims for sales <br /> <br />Seller. Seller shall be <br />to be deducted by the Escrow <br /> <br /> the cost of examination of <br /> <br />title and the premium for the Title Insurance required by this <br />Agreement; (2) the costs of any conveyance fees and/or real <br />estate transfer taxes applicable to the Property; (3) the costs <br />of satisfying any taxes, assessments, liens or encumbrances <br /> <br /> <br />