80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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pertainit~ to title collectively, the "Title Matters"}; pt•ovided, ho~vver, that tl~e Developer herein appraves the fo~lo~vil~ xceptians; {a} the ~edevelopt~ent Plan, {b} tl~e lien afany nondelrt~quent taa~es and assessments {ta be prorated at close of ~scl~o~v} with respect to each Phase; a~~d {c) tl~e provisions of the Grant Deed T~~e Developer shall have o~~ hl~l~dred t~renty ZD~ days frolr~ tl~e Date of A~~eel~~er~t to give ~vritter~ ~atice to tl~e Agency and ~scro~~r folder of the Developer`'s approval or disapproval of any Tltle Matters The Developer's failure to gi~re ~vritten disapproval ~vitlrir~ such trrrre lrmrt shall b deer~ed approval of all Title Matters, tl~e Developer' t~oti~es the Age~~cy of its disapproval of oily Title Matter, tl~e Ael~cy shall lave the right, b~~t not the abligatio~~, ~vitl~in ten {~D~ busit~ess days after receiving ~~?rittel~ l~otice of the Developer's disapprava~~ to notify the Developer that It ~vlll cause the satr~e to be cu~•ed at tl~e Agency's sale cast to the Developer's satisfaction. If the Agency eat~not or• does not tir~~ely so elect by tll~lel~~ delivery of r~atice, the De~reloper shall have tern 0} busit~es days after` the expiratiot~ of such tern ~~0} b~lsiness day peg"Iacl to el#l~er gi~re tl~e ~ene~ ~vr'lf~~tl ~1D~1~~ tl~~t tl~ ~~~~~07~t• elects to proceed ~r~itla the p~~rcl~ase of ~l~e ~'~xase affected ther•eb~~ «b~ect to tl~e disap~raved Title Matter{s~ ar to give tl~e Agency ~vrrtterl natrce that the Developer elects to ter~r~i~~ate tlae rights atld oblratron of the par#ies under this Areerner~t ~vitl~ respect to s~~ch Phase Tl~e Developer shall Dave tl~e r{igl~t to approve or disapprove any sulosq~ret~t title exceptiar~s riot caused by tl~e Developer and ~•el~orted after the Developer has approved the Title Matters in the ma~~r~er set for•tl~ above, i~~cl~~dil~ Title Matters associated with any Additional Properties, ~f the Developer disapproves any subsequent title exceptoan, at~d tl~e lr~atter canrrat be salved. to tl~e sat~sfact~ol~ of tl~e parties, the Developer shall have the right to terlnii~ate tl~e rights and abligatior~s of the parties cinder this Agreeme~~t ~~itl~ respect to the Phase af~'ected thereby ~xccpt as set fartl~ herein, the Agency shall trot val~rntarily crewte arxy l~e~v exceptions to title fallo~vir~ tl~e Date of A~•eernent, 203. Title ~tlsurncc, concurrently ~vith recordatioi~ of each Grant Deed conveying title to tl~e applicable Phase, there shall be issued to the Developer a LTA {at•, at Deveiaper's ~*e~uest, ate A~T~,~ o~~~ner's polic~r of title ins~~r'~nC~ {~c~Ch, c~ ~ali~~"} in the aCr~aut~t a~' the ~rnr•es#ricted fair rrrar•ket val~ie of tl~e portion of tl~e Site beii~g conveyed, as agreed upot~ by tlae parties prior to Clasirlg, togetl~ei4 ~vith such endarstnents as the Developer arranges 4vlth the Title ornpany duril~g the title revie~v pez'iad described in ectiot~ ~~2, issued by the Title ~arnpany ir~s~lring that the title to s~~cl~ Phase is vested i~~ the Developer` ~vrtl~ Flo eceptians other than thane approved by tl~e Developer pursuant to Section 2~~, Tl~e Title on~pany shall r•ovide #l~e A e~c ~vitl~ a co f l~ ~ ' ' ~ p g y py o eac sucll Title Palrc~ . Any additional can#s, ii~cludir~ tl~e cast of are ALTA polio, any surveys or rnspectrons necessary far• the iss~rance of an ABTA policy, or al~y er~darsements requested by the Developer, shall be ba~•l~e by the Developer, 204, ~arrtli~~orzs of lasing, Tl~e closing far each Phase is carrditio~~ed Ripon the satisfaction of the follo~vii~g ternns and caridrtro~~s of such Phase ~vrthrn the trines desrg~~ated belo~v, D~CSaC114~~~73~t 131~1~~~72-~~~ ~ F