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reasorra~bly acceptable to the parties, ~vhiclr ~vill include ~nde~r~n~ties arrd irrsurancc pravrsrorrs rtr <br /> favor of Agency and ~~hiclr perrrrits Developer to eater ~zporr the poz•tion ~ Phase F lriclr lras <br /> Trot then beery Conveyed to Develope~~ for the pk~t~pose of r"acl~r~ and ~lte pre~~•atiat~, <br /> ~0~,~ ~~os~~~ Proced~ire, Escr~~~ Agent shall close Escz~a~v far each Phase, as <br /> follo~vs~ <br /> {a} Record the grant Deed for such Plrase ~vith instructions far the <br /> Recorder of C~•atrge Cokz~rty, Califartria to deliver the rant Deed to the Developer, <br /> ~h} Record the Agency Deed of Trust fort Pirase R~ 1 ar Plrase R~~, a <br /> applicable ~bkrt Trot far Phase F since there ~vill be rla Agency Deed of Trust associated ~vith <br /> Phase F~ ~vith instrt~ctiotr for the Recorder of Cz•ange County, ~alifarnia to deliver` the Agency <br /> Deed of Trust to the Agency; <br /> ~c} Record the Rego lator•y Areerrrerrt for Phase R- ~ or Phase R-2, as <br /> applicable {bkpt trot foci Pirase since thexic ~~ill be rro Regulatory Agreernerrt associated ~vrth <br /> Phase F~ with iirstructians far` the Recorder of Craire Co~ztrty, California to deliver the <br /> Regulatory Agreement to the Agency; <br /> ~d} ~nst~~iict the Title a~rrpa~ry to deliver the applicable Title Policy to <br /> the Developer; <br /> ~e~ Deliver the P~•o~nisso~'y date to the Ae~rcy for Phase R-1 or <br /> Phase R~~, as applicable ~hUt Trot far` Plr~se PS siirce there i tra Pioirrissoi•y dote associated with <br /> Phase P~~ <br /> l~'ile airy ixrfo~'r~rational reports regkii~•ed by ~nteriral Reveirue bode <br /> ectian a4~e}, as airieirded, and airy other applicable regkiiretnetrts; <br /> fig} Deliver the P~RPTA eitificate far' s~~clr Phase, if airy, to the <br /> Devoope~{; and <br /> ~lr~ l~ orrard to both the l~evelope~~ atrci Agency a separate accokrirting <br /> of all fiiirds reserved aird disbrirsed for each party and copies of all e~ckited and recorded ar <br /> filed docun~e~rts deposited into Escra~v, ~vitlr such recording gird filar date and infarmatiair <br /> eirdorsed tlrer•ean <br /> ~UZ, ~e~ri~v of Ti~7c, The Developer shall, at its cost acrd e~peirse, secure a s~irvey of <br /> each Phase of the bite. rtlrrn thirty ~~o~ days after tlrc Date of Agreement, the Agency shall <br /> cak~se 41d Republic Title a~~rpatry, or airotlrer title coirrpany mut~iall}~ agreeable to l~otlr parties <br /> ~tlre "Title orrrpair~"~, to deli~rer to the Developer standai~d prelii~rinai~~ title report ~tlre <br /> "Report"~ ~vitlr respect to the title to the bite, together ~~rrtlr legible copes of the dacrirrierrts <br /> constituting title e~ceptians the "E~ceptians"~ set forth in the Report. The Developer shall have <br /> the right to approve or disapprove iir its sole discretion ~i~ the Report, ~ii~ the E~ceptiarrs, <br /> viii} airy srirveys delivered to it by Agency ar ordered by Developer, ~iv~ the availability arrd cast <br /> of airy title enclorse~neirts the Developer ar its leaders Wray desire, and ~v~ any otlre~• ~rratters <br /> 15 <br /> <br /> DOCS~CI~ ~00~~34fI3120~~72-~0~~ <br /> <br />