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The Agency shall timely and properly execute, acknowledge <br />and deliver the deed(s) in substantially the form established in <br />paragraph (a) of this Section, conveying to the Redeveloper title <br />to the Property or portions thereof in accordance with the require- <br />ments of paragraph (c) of this Section together with an estoppel <br />certificate certifying that the Redeveloper has completed all acts <br />necessary to entitle the Redeveloper to such conveyance, if sucb <br />be the fact. <br /> <br />The Escrow Agent is authorized to: <br /> <br />(i) <br /> <br />Pay, and charge the Agency and the Re- <br />developer, respectively, for any fees, <br />cbarges and costs payable under this <br />Section. Before such payments or <br />charges are made, the Escrow Agent <br />shall notify the Agency and the Rede- <br />veloper of the fees, charges and costs <br />necessary to clear title and close the <br />escrow; <br /> <br />(ii <br /> <br />Disburse funds, if any, and deliver the <br />deeds and other documents with respect <br />to the Property or portions thereof to <br />the parties entitled thereto when the <br />conditions of this escrow ]]ave been <br />fulfilled by the Agency and the Rede- <br />veloper. The Purchase Price for the <br />Property or portions thereof shall not <br />be disbursed or credited, as the case <br />may be, by the Escrow Agent unless and <br />until it bas recoKded the Deed thereto <br />and has delivered to the Redeveloper <br />a title ~nsurance policy insuring title <br />acceptable to the Redeveloper and the <br />lender, and conforming to the require- <br />ments of paragraph (f) of this Section; <br /> <br />(iii) <br /> <br />Record any instruments delivered <br />through this escrow if necessary or <br />proper to vest title in the Redevel- <br />oper in accordance with the terms and <br />provisions of this Agreement. <br /> <br /> Ali. fund:; recei, vod iii this escrow si]all be deposited by the <br />Escrow Agent with othc'r escrow funds of the Encrow Agent iu a <br />general escrow account or accounts with at)y state or national <br />bank doing business itl thc State of California. Such funds may <br />be transferred to any oth(?r such general escrow account or accounts. <br />All disbursements eh. all be made by check of the Escrow Agent. <br />All adjustments are to be made on the basis of a 30-day month. <br /> <br />-6- <br /> <br />MAR 18 1971 <br /> <br /> <br />