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'i <br /> 3. Any and all other covenants, restrictions, easements and reservations of <br /> record. <br /> B. Time and Place of Closing on Sale of the Property. Subject to the terms and <br /> conditions of this Contract,the Commission shall deliver the Deed and possession of the Property to <br /> the Developer when the conditions precedent to closing enumerated in Subsection F of this <br /> SECTION II have been met,or earlier if the parties mutually agree in writing. Conveyance shall be <br /> made at a time and place mutually agreed upon by the Commission and Developer ("Closing"). <br /> Closing shall occur within thirty(30)days of the date this Contract is executed by all parties. Fees <br /> for Closing services provided by the title company shall be borne by the Developer. The Developer <br /> shall accept the conveyance and pay the Purchase Price to the Commission at that time and place. <br /> C. Apportionment of Current Taxes. The Commission shall bear the portion of the <br /> current taxes (if any) on the Property, which are a lien on the date of delivery of the Deed to the <br /> Developer. <br /> D. Recordation of Deed. The Commission shall promptly record the Deed at the St. <br /> Al <br /> Joseph County Recorder's Office and shall pay the costs for recording the Deed. <br /> E. Title Insurance. The Commission shall furnish the Developer a title insurance policy <br /> that insures the Developer's title in a sum equal to the Purchase Price of Ten Thousand Dollars <br /> ($10,000.00) and subject only to those items provided for in the Contract. <br /> F. Conditions Precedent to Closing. Prior to and as conditions precedent to closing: <br /> 1. Developer shall submit to the Commission any additional information <br /> reasonably requested by the Commission in relation to Developer's <br /> development plan for the Property attached hereto as Exhibit B (the <br /> "Development Plan"); and <br /> 2. Upon the Commission's request,Developer shall submit to the Commission <br /> evidence satisfactory to the Commission of binding commitments for <br /> financing the Project(as defined herein). <br /> SECTION III. NATURE OF IMPROVEMENTS; TIME FOR COMMENCEMENT <br /> AND COMPLETION; PHASING OF PROJECT AND LIQUIDATED <br /> DAMAGES; ACCESS TO PROPERTY. <br /> A. Nature of Improvements. The construction of improvements on the Property (the <br /> "Project") shall be substantially of the same size, scope and nature as that specified in the <br /> Development Plan and as proposed by the Developer to the Commission for disposition and <br /> development of the Property. The Commission has relied upon all representations, descriptions, <br /> discussions,drawings and other representations by the Developer of the Project. Those matters are <br /> 2 <br /> R <br /> 1{ <br /> 2 <br />