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Any violation of the provisions contained in this Section shall cause all interests in the Property to revert to the Donor. Section 5. Deed and Other Documents. Donor agrees to deliver a Warranty Deed to Donee at closing under which the Property is transferred to The Board of Trustees of Ivy Tech Community College of Indiana. Donee agrees that such warranty Deed shall contain a reversionary provision pursuant to the preceding Section. Donor and Donee agree to provide to each other or to the title insurance company that closes the transaction any other documents reasonably required to close the transaction provided for under this Agreement. Section 6. Taxes. Donor and Donee both acknowledge that the Property is currently exempt from taxation pursuant to IC 36- 7 -14 -37 and should continue to be so after the Property is transferred from Donor to Donee. Section 7. Conditions Precedent. Donee's duties and obligations under this Agreement are contingent upon the following conditions precedent: (1) Donee must be able to secure, at Donee's expense and from a title insurance company acceptable to Donee, a commitment for an ALTA Owner's Policy of Title Insurance in an amount acceptable to Donee under which the title insurance company agrees to insure marketable title subject only to such exceptions as are permitted by this Agreement. Section 8. Time and Place of Closing. The closing of the transaction shall take place at a time and place mutually acceptable to Donor and Donee. The transaction shall be closed by the title insurance company that issues the commitment referred to in subdivision (1) of Section 7 of this Agreement. Donee shall pay the title insurance company's fee for closing the transaction and all other closing related expenses. Section 9. Possession. Donor shall deliver possession of the Property to Donee at closing free and clear of any rights of other persons to occupy or use the Property. Section 10. Additional Terms. (a) All the terms and conditions of this Agreement are hereby made binding on the successors and permitted assigns of both parties hereto. (b) This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana and venue for any action shall be St. Joseph County, Indiana. (c) This Agreement shall not be effective or binding until fully executed by the parties hereto. This Agreement may be executed in counterparts, each of which shall be deemed an original. (d) This Agreement will survive closing. (e) If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the provisions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. (f) Each party shall execute and deliver to the other all such other further instruments and documents as may be reasonably necessary to accomplish the actions contemplated by this 2