MORRISON, TOM AND PATRICIA, HSIEH, JIMMY AND MARQUEZ, NATALIE

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conveying the Property to Buyer effective upon the close of escrow. As soon as possible after opening of escrow, Buyer will deposit the executed Deed, with Certillcate of Acceptance attached, with Escrow Agent on Seller's behalf. Buyer agrees to deposit the Purchase Price upon demand of Escrow Agent. Buyer and Seiler agree to deposit with Escrow Agent any additional instruments as may be necessary to complete this transaction. Insurance policies for fire or casualty are not to be transferred, and Seller will cancel its own policies after close of escrow. All funds received In this escrow shall be deposited with other escrow funds in a general escrow account(s) and may be transferred to any other such escrow trust account in any State or National Bank doing business In the State of California, All disbursements shall be made by check from such account. ESCROW AGENT IS AUTHORIZED AND IS INSTRUCTED TO COMPLY WITH THE FOLLOWING TAX ADJUSTMENT PROCEDURE: A. Pay and charge Seller for any unpaid delinquent taxes and/or penalties and interest thereon, and for any delinquent or non -delinquent assessments or bonds against the Property; B. In the event this escrow closes between February 1 and May 30, and current tax information is not available from title insurer, Escrow Agent is Instructed to withhold from Seller's proceeds an amount equal to 120°/a of the prorated amount due based upon the previous fiscal year's second half tax bill. At such time that the tax information Is available, Escrow Agent shall make a check payable to the CountyTax Collector for Seller's prorated portion of taxes and forward same to the Buyer and shall refund any difference to the Seller. In the event the amount withheld is not sufficient to pay Seller's prorated portion of taxes due, the Seller agrees to Immediately pay the difference; In the event said tax information Is available, Seller's taxes shall be prorated in accordance with subsection "C" below. C. From the date that tax information is available, as per subsection "B", up to and Including May 30, Seller's current taxes, If unpaid, shall be prorated to date of close of escrow on the basis of a 365 day year In accordance with Tax Collector's proration requirements, together with penalties and Interest, If said current taxes are unpaid after December 10 and/or April 10, At close of escrow, check payable to the County Tax Collector for Seller's prorata portion of taxes shall be forwarded to Buyer with the closing statement; D. Any taxes which have been paid by Seller, prior to opening of this escrow, shall not be prorated between Buyerand Seller, butSellershall have the sole right, after close of escrow, to apply to the County Tax Collector of said county for refund. This refund would apply to the period after Buyer's acquisition, pursuant to Revenue and Taxation Code Section 5096.7. ESCROW AGENT 15 AUTHORIZED TO, AND SHALL: E. Pay and charge Seller, upon Seller's written approval, for any amount necessary to place title In the condition necessary to satisfy the requirements of Section 3; Pay and charge Buyer for any escrow fees, charges, and costs payable under Section 6; G. Disburse funds and deliver the Deed when conditions of this escrow have been fulfilled by Buyer and Seller. Page 2