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Upon delivery of a deed to the Escrow Agent by the Agency, the Escrow Agent shall record such deed on the closing date specified in additional escrow instructions to be provided by the Agency and the Redeveloper in accordance with the terms and pro- vision's of this Agreement. Concurrent with the recordation of the' Agency's deed(s), the Escrow Agent shall file for recordation the Redeveloper's deed(s) of trust serving as security for the funds provided to the Redeveloper as its construction financing. The Escrow Agent shall buy, affix and cancel apy transfer stamps required by law. Any insurance policies governing the Property or portions thereof are not to be transferred. The Redeveloper shall pay in escrow to tile Escrow Agent the following fees, charges and costs promptly after the Escrow Agent has notified the Redeveloper of the amount of such fees, charges and costs, but not earlier than ten (10) days prior to the sched- uled date for the close of escrow: (i) one half of the escrow fee; (ii) The portion of the premium for the title insurance policy to be paid by the Redeveloper as set forth in paragraph (f) of this Section.' The Agency shall pay in escrow to the Escrow Agent, the following fees, charges and costs promptly after the Escrow Agent has notified the Agency Of the amount of such fees, charges and costs, but not earlier than ten (10) days prior to the scheduled date for close of escrow: (i). Costs necessary to place title in' .the condition for conveyance re- quired by the provisions of this Agreement; (ii) One half of the escrow fee; (iii) Any recording fees; (iv) Notary fees; (v) The portion of the premium for the title insurance policy to be paid by the Agency as set forth in par- agraph (f) of this Section; (vi) Ad valorem taxes, if any, upon the Property or portions thereof or upon this ~greement, or any rights'there- under prior to conveyance of title; (vii) Any State, County or City documentary stamps; (viii) Any transfer tax -5- · MAR 18