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Buyer will establish an escrow with First American Title Company or other title company acceptable to Buyer. 7. _Closing Costs; Close'of Escrow: Except as otherwise expressly provided herein, all costs of the escrow, including document preparation and recording fees, shall be shared equally k by Buyer and Seller. Documentary transfer taxes, if any, shall be paid by Seller.- Close of escrow shall occur as soon as possible after approval of the assignment described in section 16, below. S. Taxes, Assessments, and Other Charges: Taxes; assessments, penalties; interest charges, delinquency charges, and municipal service charges of every kind levied upon or assessed against the Property, except as otherwise expressly set forth herein, shall be paid by Seller to the date of recording. The remaining principal balance of any bond or assessment which is a lien against the Property shall be paid in fuII by Seller at close of escrow, without limitation. 9. Conveyance: For the purpose of conveying the Pro perty.to Buyer,.Seller shall.execute, acknowledge, and deliver.a grant:deed to the title company, to be used in.accordance with this l Agreement. 10. Risk of Loss: Any and;jall loss or damage to the Property.or.to any existing Improvements occurring.prior.to the recording of the deed shall be at.the risk of Seller. M. Buyer's Inspectipn: Buyer acknowledges that Seller,prior to the execution of thin Agreement, permitted Buyer to fully inspect the Propertyand soils and groundwater and °irivestigaie all mattefA relevant thereto;:including but riot Iimited to the environmental: onditiony of the property. Buyer further acknowledges that Seller has fully.cooperated with Buyer:in'all aspects:relating to Buyer's inspection of property. Buyer,further acknowledges'that it retained fl environmental,consultants and said'environmental consultants have had a full opportunity to inspect and investigate every aspect of the Property including but not limited to the environmental condition of the property to the satisfaction of Boyer. Buyer acknowledges that-'Buyer and.its environmental consultant have (1) conducted. tests of the soil and groundwater ,.(2) reviewed environmental reports relating to the Property, and (3) reviewed documentation relating to the past uses of the Property. Buyer acknowledges that it is entering into this Agreement on the basis of Buyer's:own investigatiari of the physical and environmental conditions of theproperty, including surface and subsurface conditions, and Buyer assumes the risk that other adverse physical and environmental conditions may not have been revealed by its own investigation and/or the investigation of others. Except for the express representations and warranties Seller has stated in this agreement, Buyer has relied on its own inspection and other information available to-Buyer. 12. Buyer's Acce tanee ®f Ppo a "As-Is": Buyer acknowledges and agrees that the Property is to be sold:and conveyed to, and accepted by Buyer; in an "AS IS" condition with all faults related to the past ownership, uses, and operations which have affected and resulted in the current environmental condition of the Property. Buyer acknowledges that it has: (1) had full access to and has reviewed all of the environmental reports and other documentation relating to Page 3