POST-CLOSING POSSESSION AGREEMENT

It is understood and agreed that the purchase price herein is being paid for both title to and possession of the within described premises and that failure by the seller to deliver possession as hereinafter set forth shall result in a diminution of the purchase price as follows:

The seller is to deliver possession of the premises to the purchaser on or before the _____ day of _______ , 19____ . The seller shall deposit with his attorney the sum of Dollars which is to be held by him as security against the performance by the seller of the portion of this contract requiring him to vacate the premises and deliver possession thereof to the purchaser on or before _________ , 19 ____.

In the event that the seller does not vacate said premises by said date, then the purchase price of the premises shall be reduced by the sum of __________ Dollars and such sum shall on said _____ day of _______ , 19 ___ , be returned to the purchaser on account of the diminution in the purchase price of the premises.

For every day after the said ____ day of _________ , 19___ , that the possession of the premises is withheld, the purchase price of the premises shall be further reduced by the sum of _________ Dollars for each and every day and such amount shall be returned to the purchaser as further diminution of the purchase rice. Should the possession of the premises be withheld to a point beyond the date when the funds on deposit with the seller’s attorney shall be adequate to return the further diminished amounts of the purchase price of the premises, then the seller shall pay such further sums to the purchaser.

That from on and after the date of closing of title to the premises herein, the purchaser shall not be required or be obligated to furnish the sellers with heat or hot water nor make any alterations or repairs to the interior or exterior of said premises.