Item 20 - Real Property Acquisition for Warner Avenue Street Improvements

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EXHIBIT "B" (Fidelity National Title) GENERAL ESCROW PROMIORS 1. DEPOSIT OR FUNDS The law dealing with the disbursement of funds requires that all funds be available for withdrawal as a matter of right by the title entity's escrow and/or sub escrow account prior to disbursement of any Rinds. Only wire -transferred funds can be given immediate availability upon deposit. Cashier's checks, teller's checks and Certified checks may be available one business day after deposit. All other funds such as personal, corporate or partnership checks and drafts are subject to mandatory holding periods which may cause material delays in disbursement of funds in this escrow. In order -to- avoid- delays; all- Rinrlings• should- ben wire transferred.. Outgoing wire-tiatisfoui, will not lie• authorized until- conftnmiion, of the- respective, - incoming wire transfer or of availability of deposited checks. Deposit of funds into general escrow trust account unless instructed otherwise, You may instruct Escrow Holder to deposit your funds into an interest bearing account by signing and returning the "Escrow Instructions - Interest Bearing Account", which has been provided to you, If you do not so instruct us, then all funds received in this escrow shall be deposited with other escrow funds in one or more general escrow trust accounts, which include both non -interest bearing demand accounts and other depository accounts of Escrow Holder, in any state or national bank or savings and, lowrosociation`insuiv by 1lrr Federal Deposit- insurance Corporatioir(the-"depositurry inslitution0)•and-may be lrairsfr twd-w-any. odioi such escrow trust accounts of Escrow Holder or one of its affiliates, either within or outside the State of California. A general escrow trust account is restricted and protected against claims by third parties and creditors of Escrow Holder and its affiliates. Receipt of benefits by Escrow Holder and affiliates. The parties to this escrow acknowledge that the maintenance of such general escrow trust accounts with some depository institutions may result in Escrow Holder or its affiliates being provided with ail array of bank services, accommodations or other benefits by the depository institution. Some or all of these benefits may be considered interest due you under California hsurance• Code Section- 1-2413, 5% Escrow- Holde"i- its- aff liates• also may, eleet- to enter, itito other- buslness� tririsactions- with oiv obtahr loans- for. investment or other purposes from the depository institution. All such services, accommodations, and other benefits shall accrue to Escrow Holder or its affiliates and Escrow Holder shall have no obligation to account to the parties to this escrow for the value of such services, accommodations, interest or other benefits. Said funds will not earn interest unless the instructions otherwise specifically state that funds shall be deposited in an interest -bearing account. All disbursements sliall be made by check of Fidelity National Title Company. The principals to this escrow are hereby notified that the Rinds deposited herein are insured only to the limit provided by the Federal Deposit Insurance Corporation. Any instruction for bank wire will provide reasonable-iinie orrivticc for Escrow Holder's coitipl4aace. withsuchiiisirurtiori: Eserow Holdeias•sole.-duty and• iesporisibilityshall, beto-place•said wire transfer instructions with its wiring bank upon confirmation of (1) satisfaction of conditions precedent or (2) document recordation at close of escrow. Escrow Holder will NOT be held responsible for lost interest due to wire delays caused by any bank or the Federal Reserve System, and recommends that all parties make themselves aware of banking regulations with regard to placement of wires. In the event there is insufficient time to place a wire upon any such confirmation or the wires have closed for the day, the parties agree to provide written instructions for an alternative method of disbursement. WITHOUT AN ALTERNATIVE DISBURSEMENT INSTRUCTION, FUNDS WILL BE HELD IN TRUST IN A NON -INTEREST BEARING ACCOUNT UNTIL THE NEXT OPPORTUNTIY FOR WIRE PLACEMENT. 2. PRORATIONS AND ADJUSTMENTS All prorations and/or adjustments called for in this escrow are to be made on the basis of a thirty (30) day month unless otherwise instructed in writing. You are to use information contained on last available tax statement, rental statement as provided by the Seller, beneficiary's statement and fire insurance policy delivered into escrow for the prorations provided for herein. 3. SUPPLEMENTAL, 'TAXES The -within- describe& property may be -subject, to- supplcmental• real- property taxes due to the -change of ownership taking -place through this -or -a previous escrow transaction. Any supplemental real property taxes arising as a result of the transfer of the property to Buyer shall be the sole responsibility of Buyer and any supplemental real property taxes arising prior to the closing date shall be the sole responsibility of the Seller. TAX BILLS OR REFUNDS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. 4. UTILITIES/POSSESSION Transfer of utilities and possession of the premises are to be settled by the parties directly and outside escrow. 5. PREPARATION AND, RECORDATION OF INSTRUMENTS Escrow Holder is authorized to prepare, obtain, accord and deliver the necessary instruments to carry out the terms and conditions of this escrow and to order the policy of title insurance to be issued at close of escrow as called for in these instructions. Close of escrow shall mean the date instruments are recorded. 6. AUTHORIZATION TO FURNISH COPIES You are authorized to furnish copies of these instmctions, supplements, amendments, notices of cancellation and closing statements, to the Real Estate Broker(s) and Lender(s) named in this escrow. General Provisions Printed; 1/1/0001 12:00 AM by X F,1000076 (DSl Rev. 05/19117) Page 1