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<br />CITY shall pay real estate taxes due and payable in the year 2005 and all previous years. <br /> <br />In the event. the closing date is changed, the real estate taxes paid shall; if prorated, be <br />adjusted to the new closing date. CITY warrants taxes due and payable in the year 2006 <br />will be non.homestead classification. The CITY makes no representation concerning the <br />amount of subsequent real estate taxes. <br /> <br />c <br />,6. SPl?CIAL ASSESSIvfENTS. Special assessments shall be paid as follows: <br /> <br />CITY shall pay on date of closing all installments of special assessments certified for <br />payment with the real estate taxes due and payable in the year of closing. <br /> <br />R.H. shall assume on date of closing all other special assessments levied as of the date of <br />closing. <br /> <br />R.B. shall assume special assessments pending.as of the date of closing for improvements <br />that have been ordered by the City Council or other assessing authorities. <br /> <br />CITY shall pay on date of closing any deferred real estate ta.'{es (Le., Green Acres, etc.) or <br />special assessments payment of which is required as a result of the closing of this sale. <br /> <br />R.H. shall pay real estate taxes due and payable in the year following closing and thereafter <br />and any unpaid special assessments payable therewith and thereafter, the payment of which <br />is not otherwise provided. <br /> <br />7. INSPECTION. R.B. has the right to inspect the property prior to closing. <br /> <br />8. WARRANTIES. CITY WARRANTS THAT PRIOR TO THE CLOSING DATE <br />PAYMENT IN FULL WILL HAVE BEEN MADE FOR ALL LABOR, MATERIALS, <br />MACHINERY, FIXTURES OR TOOLS. FURNISHED WITHIN THE 120 DA Y8 <br />IMMEDIATELY PRECEDING THE CLOSING. DATE IN CONNECTION WITH <br />CONSTRUCTION, ALTERATION OR REPAIR OF ANY STRUCTURE ON OR <br />IMPROVEIvfENT TO THE CITY PROPERTY. <br /> <br />CITY WARRANTS THAT CITY HAS NOT RECEIVED ANY NOTICE FROM ANY <br />GOVERNMENTAL AUTHORITY AS TO VIOLATION OF ANY LAW, ORDINANCE OR . <br />REGULATION. IF THE CITY PROPERTY IS SUBJECT TO RESTRICTIVE COVENANTS, <br />CITY WARRANTS THAT CITY HAS NOT RECEIVED ANY NOTICE FROM ANY PERSON <br />OR AUTHORITY AS TO A BREACH OF THE COVENANTS. ANY NOTICES RECEIVED <br />BY CITY WILL BE PROVIDED TO CITY IMN!EDIATE1Y. . <br /> <br />9. RISK OF LOSS. If there is any loss or damage to the City Property between the <br />date hereof and the date of possession, for any reason including fire, vandalism, flood, earthquake or <br />act of God, the risk ofloss shall be on CITY. CITY shall maintain public liability insurance on the <br />property until CITY vacates the City Property. <br /> <br />4 <br /> <br />-10- <br />