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time frame set far•#l~ herein, the acquired Additianal Parcels andlar Segura Parcels shall beeo~r~e <br /> part of the i#e, <br /> ~0~~~ ~as~s of ~sero~~~, The Agency shall p~.y the prerrriurr~ for the Ti#le Polley <br /> ~ set far•tl~ in Section 24~ hercaf, t•ecardin fees, if a.ny, a~~d the dacu~nen#ry tr•ar~sfer• taxes, if <br /> any, due with respect to each orrveyarlce ~"Agency Title Pa~ic~+ fasts"~, The De~laper shall <br /> pay far any adtitianal costs ~~ith ~•espect to tr#le ins~zrance for each az~~eyar~ce, rncludir~g tl~c <br /> cost of an ALTA policy, ar~y surveys or ir~spectior~s necessax{y far #l~e issuance of an ALTA <br /> policy or at~y endarscr~er~#s requested by the Develaper• pursuant to Section ~0 no# paid by the <br /> Agency as part of #l~e Agency Title has#s ~`~Develaper Title Policy dos#s"}, All other usual fees <br /> cl~r•es, and costs ~~rl~icl~ arise fi~arn the Escro~~s shall be spit 50~0~ <br /> ~O1,Z ~sc~~o~~~ Ilistr~rrcfiox~s, Ti~is Agr•een~erit constitr~ts the joint escro~~ <br /> ~r~struc#rans of tl~e Agency atld Developer, and the ESCI"o~~ A.ge~~# to ~vl~orn these rr~Str'uC#t~I~s ar•e <br /> delivered is hereby etrrpa~ve~•ed #a act under this Agreetn~~t, Tl~e parties hereto agree to da all <br /> sets reasonably necessary #o close this Escra~v i~~ #l~e shortest passible tirne~ ~r~surar~ce palrcres <br /> for ire oz~ cas~~alty are teat to be transferred, a~~d Agency ~~ill cancel its a~v~~ policies, ifany, ~~itll <br /> respect to each Phase after the ~lasing assocra~ed ~~~~th such Phase, All funds received its #l~e <br /> scro~v for a particulate Phase shall be deposited with o#1~er escrow funds i~~ a e~~e~•al escro~~ <br /> accaut~t~s~ and tray be transferred to any o#l~er such escra~ trust accal~nt its any S#ate or atianal <br /> at~k ar~tl~ari2ed #o do business and curt•et~tiy doitl b~tsiness itl the State of California. All <br /> disb~trset~ler~ts shall be trade by check fi•arn s~rch accau~~tf <br /> ~f in the apir~ian of either party it is t~ecessar•y or can~er~iet~t in order #o <br /> acco~rplish a asit~g, such party tray req~tire tl~a# the pacifies sign s~tpplerrrental escrow <br /> ~nstrrlettat~s; pravrded that rf there is any r~~cot~srster~cy bet~~cen #~~is Agreement and tl~e <br /> s~tpplerrrer~#al esera ir~structians, #het~ #l~e provisions of this Agreement shall ca~~#rol, The <br /> parties agree to execute sr~ch a#l~er• at~d firrther• dac~rtrents as r~ray be reasonably txecessar•y, <br /> helpful or apprapria#e to effectuate tl~e pro~isiat~s of #l~is Agreement. Eaci~ losing shall take <br /> <br /> place ~~l~en ba#l~ the Agency's ~ar~ditiot~s Pt•ecedent ar~d the De~~elopet~'s anditiarrs Precedent <br /> as set faith in Section ~a~ l~a~e been sa#isfied ~~ith respect to tl~e applicable Phase Escrow <br /> Agent is instructed to release tE~e Agency's ar~d De~elopeti's escrow closing statet~~et~#s to #lre <br /> r•especttve partles, <br /> Z~1, Au~~rori#y of ~scr•o~v Aer~~, kith respect to t~~e losir~ far each Phase, <br /> #l~e EsCro~~~ Agent is authox~i~ed ta, acid shall; <br /> ~a} Pay and charge tl~e Agency far the Agency Title fasts, and any <br /> arnau~~t Necessary to place title in tl~e cot~di#iot~ necessary to satisfy ~~#lorl ~a of this <br /> Agreerrrer~#, <br /> ~b~ Pay and change tl~e Developer` and Agency each 5~°Io of escro~~ <br /> fees, cl~ar•ges, and costs payable unde~• Sec#iotl ~D 1,1 of this Agt•eerr~erl#, excluding docutret~tarY <br /> #rar~sfer taxes, <br /> ~c} Pay and charge tlae Developer for• the Dvelapei• Title hosts. <br /> l~ <br /> D~CSOC~~ ~4067v131~~0~72-0~0 l <br /> <br />