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A-2022-218-03 <br />RELEASE OF FUNDS PRIOR TO CLOSE OF ESCROW: In the event this escrow calls for release of funds prior to <br />close of escrow in accordance with Agreement, the parties are notified that this escrow will have not been completed, that <br />no documents will have been recorded to comply with the instructions given and the authority for releasing said funds is <br />given with full knowledge of the condition of said escrow and title to the property that is the subject thereof. The release of <br />said funds is without liability or recourse upon escrow holder for the ultimate outcome of this transaction. Or for the return <br />of said funds in the event this escrow is not consummated. Escrow holder may require separate written instructions prior to <br />the release of funds. <br />TAX -DEFERRED EXCHANGE: In the event the Agreement provides Buyer and/or Seller with the option to enter into a 1031 <br />tax -deferred exchange, the parties shall cooperate and execute the necessary documents to effect same; provided, however, that the <br />cooperating party shall be at no expense or liability in effecting said exchange and said exchange shall not delay the close of escrow. <br />The parties are advised to seek the advice of a tax attorney or Certified Public Accountant for the determination of any income tax <br />consequences of an exchange and acknowledge that Ticor Title makes no representations concerning same. <br />ATTORNEY RELEASE: If either party is represented by an attorney, escrow holder shall communicate with and rely upon <br />instructions provided by the attorney. <br />NOTICES: All notices for escrow holder should be forwarded to: <br />Dawn Niehaus, Vice President, Commercial Escrow Officer <br />Ticor Title <br />1500 Quail Street, V Floor <br />Newport Beach, CA 92660 <br />Direct: (714) 289-3349 <br />e-Fax: (949)258-5395 <br />Email: Dawn.niehaus@ticortitle.com <br />Thank you for choosing Ticor Title. We appreciate your business and look forward to a successful closing. Please contact me with <br />any questions or concerns. <br />Sincerely, <br />TICOR TITLE <br />Dawn Niehaus <br />Vice President, Commercial Escrow Officer <br />Seller: <br />Santa Ana Unified School District, a California public school district <br />By: _ <br />Name: <br />Its: <br />Buyer: <br />City of Santa Ana, a public municipality <br />By: <br />Kristine Ridge, M Manager <br />