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the Buyer that all payments of principal and interest* on "Cl <br />bond issue are current. Buyer agrees to indemnify and hold <br />Seller harmless from any and all'loss or expense in connection <br />with such bond issue and such indemnification and hold harmless <br />agreement shall survive the closing of this transaction. Seller <br />shall transfe . r to Buyer the following sinking fund accounts of <br />Seller held in connection with such bond issue: The reserve <br />account in the sinking fund of $54,000.00 (together with interest <br />accrued on said account from April 1, 1978 to date of transfer)-, <br />together with monies accured for payment of interest on said bonds <br />due August 1, 1978. These accounts shall be transferred from <br />Seller to Buyer on date of closing. If closing -is subsequent to <br />August 1, 1978, Seller will pay the interest payment referred to <br />above and that account will not be transferred to Buyer. <br />IX. POSSESSION <br />Seller agrees to deliver occupancy of property at time of <br />closing. In the event that occupancy is delivered prior to <br />closing, Buyer assumes all risk of loss to property from <br />date of occupancy, shall be responsible and liable for mainten- <br />ance thereof from said date, and shall be deemed to have accepted <br />the property, real and personal, in its. existing condition as of <br />time of taking occupancy unless otherwise noted in writing and <br />delivered to Seller at time of taking occupancy. In the event <br />that Seller shall not have removed all of its •equipment from <br />'the property as of the date of closing, Buyer will grant Seller <br />..additional time to remove such equipment as needed but not in <br />excess of sixty (60) days. <br />X. UTILITIES AND FUELS <br />Electric and water meters shall be read as of date of <br />closing or as of date of occupancy, whichever occurs first, <br />with the resulting bill to be paid by the Seller. Fuels to in— <br />clude diesel oil, gasoline, and LP gas, shall be measured as <br />of the day prior to closing. The cost of such fuel to the <br />Seller shall be paid by the Buyer at closing. <br />JU.N 2 1108 9) <br />Box 35 m .1 <br />