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The term "close of escrow", if and where written in these instructions, shall mean the date necessary
<br />instruments of conveyance are recorded in the office of the County Recorder. Recordation of instruments
<br />delivered through this escrow is authorized if necessary or proper in the issuance of said policy of title
<br />Insurance.
<br />All time limits within which any matter herein specified is to be performed may be extended by mutual
<br />agreement of the parties hereto. Any amendment of, or supplement to, any instructions must be In writing.
<br />TIME IS OF THE ESSENCE IN THESE INSTRUCTIONS AND ESCROW IS TO CLOSE AS SOON AS POSSIBLE. If
<br />(except for deposit of money by Buyer, which shall be made by Buyer upon demand of Escrow Agent before
<br />close of escrow) this escrow Is not in condition to close within 60 days from date of these Instructions, any
<br />party who then shall have fully complied with its instructions may, in writing, demand the return of its money
<br />or property; but if none have complied no demand for return thereof shall be recognized until five (5) days
<br />after Escrow Agent shall have mailed copies of such demand to all other parties at the respective addresses
<br />shown in these escrow instructions, and if any objections are raised within said five (5) day period, Escrow
<br />Agent is authorized to hold all papers and documents until instructed by a court of competent jurisdiction or
<br />mutual instructions. If no demands are made, proceed with closing of this escrow as soon as possible.
<br />Responsibility for Escrow Agent under this Agreement is expressly limited to Paragraphs 1, 2, 3, 4, 5, 6, 7, 9,
<br />10, 18, and 19 to Its liability under any policy of title insurance issued in regard to this transaction.
<br />6. ESCROW FEES CHARGES AND COSTS. Buyer agrees to pay all of Buyer's and Seller's usual fees,
<br />charges, and costs which arise In this escrow.
<br />7, RENTAL AND OCCUPANCY BY SELLER. Seller agrees to execute a complete, current, and correct
<br />statement of rentals on a form furnished to Seller and deliver the same to Buyer within fifteen (15) days
<br />hereof with copies of any written leases or rental agreements attached. All rents will be prorated as of the
<br />close of escrow on the basis of a 30-day month consistent with that statement, subject to approval of Buyer.
<br />Seller hereby agrees not to rent any units on the Property which are now vacant, or which may be vacated by
<br />present occupants prior to close of escrow.
<br />Seller hereby warrants that the rental statement referred to shall include the terms of all rental agreements,
<br />tenancies, and leases (written, unwritten, recorded, or unrecorded) and Seller agrees to hold Buyer harmless
<br />from all liability from any such leases or agreements. Seller further agrees to hold Buyer harmless and
<br />reimburse Buyer for any and all of its losses and expenses occasioned by reason of any lease of said property
<br />held by any tenant of Seller for a period exceeding one month.
<br />8. PERMISSION TO ENTER ON PREMISES, Seiler hereby grants to Buyer, or its authorized agents,
<br />permission to enter upon the Property at all reasonable times prior to close of escrow for the purpose of
<br />making necessary or appropriate inspections.
<br />9. COUNTERPARTS. This Agreement may be executed in counterparts, each of which so executed shall,
<br />Irrespective of the date of its execution and delivery, be deemed an original, and all such counterparts
<br />together shall constitute one and the same instrument.
<br />10. CLOSING STATEMENT. Seller instructs Escrow Agent to release a copy of Seller's statement to Buyer
<br />and to Overland, Pacific & Cutler, LLC., 5000 Airport Plaza Drive, Suite 250, Long Beach, California 90815,
<br />purpose being to ascertain if any reimbursements are due to Seller.
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