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KLG:ar <br />7/8/78 <br />license, permit, franchise, or other instru- <br />ment or writing to which Garden Grove is a <br />party, or by which Garden Grove is bound. <br />(d) Title to Properties to be 'Conveyed. <br />Garden Grove, on the date of closing, <br />will transfer good and marketable title to the <br />properties except such.of the properties as may <br />be consumed by use and replaced by substantially <br />equivalent properties or disposed of in the <br />ordinary course of business, free and clear of <br />all liens, charges, mortgages, encumbrances, <br />claims or equities of any kind whatsoever, ex- <br />cept (i) as set forth in "Exhibit D" attached <br />hereto, and incorporated.herein by this refer- <br />ence, (ii) liens for taxes, assessments or <br />governmental charges or levies, the payment of <br />which are not delinquent as of the date of <br />closing, (iii) easements, rights -of -way, cov- <br />enants, conditions, restrictions and other de- <br />fects, charges or encumbrances which do not <br />materially interfere with the present use of <br />the property, and (iv) as expressly agreed to <br />in writing by the Buyer prior to the date of <br />closing. <br />(e) Litigation. <br />(i) Except for the actions herein- <br />after named in this subparagraph (e), there <br />is no suit, action or legal, administrative, <br />arbitration or other proceeding, or any in- <br />vestigation, pending or to the knowledge of <br />Garden Grove threatened against. Garden Grove, <br />which affects its title to the properties or <br />its rights to sell the same. In the event <br />-7- <br />