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October 5, 1999 <br />North American Title Company <br />1190 Russell Way <br />Hayward, California 94541 <br />Attention: Suzanne Hooten Smith, Escrow Officer <br />Dear Ms. Smith: <br />The following constitutes the escrow instructions on behalf <br />of Ridge View Commons Associates, a California Limited <br />Partnership ( "Borrower "), in connection with (i) the modification <br />of the California Housing Finance Agency ( "CHFA ") loan secured by <br />the first deed of trust on the property identified above and more <br />particularly described in your preliminary report no. 98220683 <br />dated as of August 30, 1999 Update (the "Preliminary Report "), <br />and (ii) a new $2,250,000.00 loan by the City of Pleasanton <br />( "City ") to be secured by the Borrower's interest in the <br />property. <br />These instructions are submitted to you as agent for the <br />Borrower for (i) delivery of policies of title insurance to CHFA <br />and the City and (ii) delivery to the Borrower, or to its order, <br />of certain monies to be deposited with you as agent. <br />A. Documents and Funds to be Deposited into Escrow. <br />1. The following are being or will be delivered to you in <br />trust pending the close of escrow: <br />b. Promissory Note in the amount of $2,250,000.00 to <br />by the Borrower in favor of the City; <br />c. Deed of Trust by the Borrower for the benefit of <br />the City; <br />LAW OFFICE OF <br />JOYCE HIYAMA GLATT <br />946 SAN BENITO ROAD (510) 528 -0855 <br />FAX (510) 528-0849 <br />BERKELEY, CALIFORNIA 94707 - 2437 <br />Re: Escrow Instructions <br />Escrow No. 982209683 <br />Property: Ridge View Commons <br />Pleasanton, CA <br />Borrower: Ridge View Commons Associates <br />a. CHFA Loan Modification Agreement; <br />d. Subordination Agreement to subordinate the City's <br />existing Deed of Trust to CHFA's Loan Modification Agreement; <br />