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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 />follo?vs? <br />?0?,? ??os??? Proced?ire, Escr??? Agent shall close Escz?a?v far each Phase, as <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 Phase 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 Phase ?' 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 />the Developer; <br />?d} ?nst??iict the Title a?rrpa?ry to deliver the applicable Title Policy to <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 />Devoope?{; and <br />fig} Deliver the P?RPTA eitificate far' s??clr Phase, if airy, to the <br />?lr? l? orrard to both the l?evelope?? acrd Agerrey a separate accokrirting <br />of all funds 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 />DOCS?CI? ?00??34fI3120??72-?0??