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possession any personal property not to be purchased by Buyer hereunder; such <br />property shall be removed without injury to the premises. <br />3. POSSESSION. Buyer shall be entitled to take possession of said premises <br />as of the date set for the closing of this matter. Seller shall be responsible for any and <br />all utilities consumed upon the premises, until possession is transferred to Buyer. Buyer <br />and Seller shall cooperate to have any and all utilities transferred as of the date of <br />possession and Seller shall order final meter readings as of said date. <br />4. TAJCES. Seller shall pay all delinquent taxes, including penalties and <br />interest, and all other real estate taxes which are a lien on the closing date, prorated to <br />that date and computed, if underdetermined, on the basis of the last certified tax rate <br />and valuation. Seller shall also pay all assessments pro-rated to the date of closing <br />which exist on the property as of the date of closing. Buyer agrees to pay before <br />delinquency all taxes and assessments that may thereafter become due on said <br />premises. <br />5. HAZARDS. Buyer assumes all risk of damage to or destruction of any <br />improvements now on said land or hereafter to be placed thereon from the date of <br />closing. However, if any building on the premises or any party thereof shall be <br />substantially damaged or destroyed by fire or other cause prior to the date of closing, <br />Sellers shall immediately notify Buyer thereof and furnish to Buyer a written statement <br />of the amount of insurance, if any, payable on account thereof. Substantial damage is <br />any damage costing in excess of Ten Thousand dollars ($10,000.00) to repair. <br />2