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TABLE OF CONTENTS <br />Page <br />1. PURCHASE AND SALE. 1 <br />2. PURCHASE PRICE 1 <br />3. ESCROW 2 <br />3.1 Opening of Escrow 2 <br />3.2 Escrow Instructions 2 <br />3.3 Termination/Cancellation 3 <br />4. ACTIONS PENDING CLOSING. 3 <br />4.1 Due Diligence. 3 <br />4.1.1 Property Materials 3 <br />4.1.2 City's Due Diligence Tests. 3 <br />4.1.3 City's Termination Right 4 <br />4.2 Title 4 <br />4.2.1 Deliveries by Seller 4 <br />4.2.2 Monetary Liens 5 <br />4.2.3 City's Review of Title 5 <br />4.2.3 Condition of Title at Closing 6 <br />5. DESCRIPTION OF PROPERTY. 6 <br />5.1 The Property 6 <br />6. CONDITIONS TO CLOSING. 6 <br />6.1 City's Closing Conditions 6 <br />6.1.1 Title 6 <br />6.1.2 Seller's Due Performance 7 <br />6.1.3 Physical Condition of Property 7 <br />6.1.4 Bankruptcy 7 <br />6.1.5 Possession 7 <br />6.2 Seller's Closing Conditions 7 <br />7. CLOSING. 7 <br />7.1 Closing Date 7 <br />7.2 Deliveries by Seller 7 <br />7.2.1 Grant Deed 7 <br />7.2.2 Non -Foreign Affadavit 7 <br />7.2.3 State Affadavit 7 <br />7.2.4 Owner's Affadavit 7 <br />4873-2985-2522.6 <br />