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(a) Closing of title ("Closing") shall take place at <br />the offices of'Purchaser's counsel, on or before December 2, <br />1991, at a date and time mutually agreeable to Seller and <br />Purchaser~ At Closing, Seller shall deliver to Purchaser a <br />limited warranty deed, properly executed and in recordable <br />form, conveying good and marketable title in fee simple to the <br />Premises and the Right-of-Way to Purchaser, subject, however, <br />to (i) the Permitted'Encumbrances, and (ii) a right of.reverter <br />for the benefit of Seller, its successors, and assigns, if <br />Purchaser ceases to use the Premises as a public park~ <br /> <br /> (b) At Closing, Purchaser shall be liable for <br />transfer and conveyance taxes as to the Premises, any title <br />search fees and title insurance premiums, survey and lot split <br />costs and other closing costs. <br /> <br /> (c) Pos. session of the Premises shall be delivered to <br />Purchaser at Closing, free and clea~ of all tenancies and <br />parties in possession. <br /> <br /> 5. Mechanics Liens. .. <br /> <br /> Seller represents that at Closing all materialman, <br />contractors, laborers, and suppliers who have furnished any <br />labor or materials to the Premises at the request'or on behalf <br />of Scl'let for the performance or furnishing of which a lien may <br />be filed, shall have been paid and satisfied in full and Seller <br />shall indemnify Purchaser against all amounts paid by Purchaser <br /> <br />- 4 - <br /> <br /> <br />