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N agreement to Issue an appropriate endorsement to the title policy- At close of escrow, as defined herein , COUNTY shall cause Escrow Holder to issue to CITY a CLIA standard coverage policy of title insurance in the amount of $ 150 , 000 excepting only the Permitted Exceptions . 5 . Except as otherwise expressly provided herein , all costs of the escrow, title insurance, and documentary transfer taxes, if any , shall be shared equally by CITY and COUNTY. d 6 . The balance of the unpaid principal and interest due on any note or notes secured by mortgages , deeds of trust, or other lien on the Property shall be paid in full by COUNTY at the close of escrow. 7 . 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 COUNTY to the date of recording . Except for the assessment of the San Joaquin Area Flood Control bond , the remaining principal balance of any bond , assessment or special assessment that is a lien against the Property shall be paid in full by COUNTY at close of escrow. 8 . For the purpose of conveying the herein-described real property to CITY, COUNTY shall execute, acknowledge , and deliver a Grant Deed to the above- mentioned Escrow Holder, to be used in accordance with this Agreement. 94 Any and all loss or damage to the Property or any existing improvements occurring prior to the recording of the Grant Deed shall be at the risk of COUNTY. 10 . COUNTY may retain possession of the Property to the date of recording said deed , and CITY shall be entitled to possession not later than the date of recording said deed . COUNTY shall be entitled to all rents accruing from the Property up to and including date of recording said deed - 11 . CITY and COUNTY warrant to each other that they have not used any real estate broker in this transaction and that no real estate brokerage fees or commissions are required for such services related to this transaction . 12 . (a) Except as otherwise expressly provided in Section 12 (f) below, CITY acknowledges and agrees that (i) the Property shall be sold , and CITY shall accept possession of the Property on the Closing Date , "AS 1S , WHERE IS , WITH ALL FAULTS," with no right of setoff or reduction in the Purchase Price ; (ii) neither County nor any of its attorneys , agents , employees, or any other person acting or purporting to act on behalf of County, has or may be deemed to have made any verbal or written representations, warranties, promises or guarantees (whether express , implied statutory or otherwise) to CITY with respect to the i� i' Page 3 of 9 `P u 0T 3MJ A333DD AVr 1?L0ZZ9b60Z Z5 : LT b00Z /90 /05