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<br />EXHffiIT "B" <br /> <br />GENERAL ESCROW PROVISIONS <br /> <br />AU disbursements shall be made by Escrow's check. AU funds received in this escrow shaU be deposited in one or <br />more of your general escrow accounts with any bank doing business in the State of California and may be <br />transferred to any other general escrow account or accounts. The expression "close of escrow" means the date on <br />which instruments referred to herein are filed for record. All adjustments are to be made on the basis of a 30-day <br />month. Recordation of any instruments delivered through this escrow, if necessary or proper in the issuance of a <br />policy oftitle insurance caUed for, is hereby authorized. <br /> <br />There shall be no prorations of any existing insurance policies in this escrow. <br /> <br />You are to furnish a copy of these instructions, amendments thereto, closing statements and/or any other <br />documents deposited in this escrow to the lender or lenders, the real estate broker or brokers and/or the attorney or <br />attorneys involved in this transaction upon request of such lenders, brokers or attorneys. <br /> <br />Should you before or after close of escrow receive or become aware of any conflicting demands or claims with <br />respect to this escrow or the rights of any of the parties hereto, or any money or property deposited herein affected <br />hereby, you shall have the right to discontinue any or all further acts on your part until such conflict is resolved to <br />your satisfaction, and you shall have the further right to commence or defend any action or proceedings for the <br />determination of such conflict. The parties hereto jointly and severaUy agree to pay all costs, damages, judgments <br />and expenses, including reasonable attorney's fees, suffered or incurred by you in connection with, or arising out <br />of this escrow, including, but without limiting the generality of the foregoing, a suit in interpleader brought by <br />you. In the event you file a suit in interpleader, you shall ipso facto be fuUy released and discharged from aU <br />obligations imposed upon you in this escrow. <br /> <br />If for any reason funds are retained or remain in escrow, you are to deduct therefrom a reasonable monthly charge <br />as custodian thereof of not less than $10.00 per month. <br /> <br />Time is declared to be the essence of these instructions. If you are unable to comply within the time specified <br />herein and such additional time as is required to make an examination of the official records, you will return aU <br />documents, money or property to the party entitled thereto upon satisfactory written demand and authorization. <br />Any amendment of and/or supplement to any instructions must be in writing. The City agrees to sell and the <br />Agency agrees to buy the property herein described upon the terms hereof. <br /> <br />These escrow instructions, and amendments hereto, may be executed in one or more counterparts, each of which <br />independently shaU have the same effect as ifit were the original, and all of which taken together shall constitute <br />one and the same instruction. <br /> <br />8 <br />