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(a) Buyer's Deliveries. Buyer shall deposit: <br /> (i) The cash portion of the Purchase Price which is a sum of money <br /> equal to the amounts the various parties are to pay toward their Proportionate Shares of the <br /> Detention Basin Purchase Price pursuant to Section 1.2 of the Funding and Improvement <br /> Agreement; <br /> (ii) A completed and executed promissory note in the form and content <br /> of Exhibit D("Promissory Note") for payment of the balance of the Purchase Price, which shall <br /> be the sole obligation of Buyer; <br /> (iii) Any documents and instruments required by the Funding and <br /> Improvement Agreement; and <br /> (iv) An additional sum to pay Buyer's share of closing costs and <br /> prorations as provided in this Agreement; <br /> (b) Seller's Deliveries. Seller shall deposit the Grant Deed(s) conveying fee <br /> title to the Property, subject only to Permitted Exceptions (as defined in Section 4.2), and shall <br /> deposit any documents and instruments required by the Funding and Improvement Agreement. <br /> (c) Additional Instruments. Seller and Buyer shall each deposit such other <br /> escrow instructions, documents, and/or instruments as are reasonably required by Escrow Holder <br /> or otherwise required to proceed to Close of Escrow and consummate the sale and purchase of <br /> the Property in accordance with the terms of this Agreement. <br /> 2.5 Closing. <br /> (a) Actions by Escrow Holder. On the Closing Date, provided all of the <br /> conditions to the parties' obligations have been satisfied or waived as provided in this <br /> Agreement, Escrow Holder shall undertake and perform the following acts in the following <br /> order: <br /> (i) Record the Final Subdivision or Parcel Map, if applicable, for the <br /> subdivision of the Property in the Official Records and obtain conformed copies thereof for <br /> delivery to the parties; <br /> (ii) Record the Grant Deed in the Official Records (with transfer tax <br /> information to be affixed after recording, if applicable) and obtain conformed copies thereof for <br /> delivery to the parties; <br /> (iii) Record in the Official Records any instruments required to be <br /> recorded pursuant to the Funding and Improvement Agreement; <br /> (iv) Pay any required transfer taxes; <br /> (v) Instruct the County Recorder to return the original Grant Deed to <br /> Buyer; <br /> 000299.0044\839978.8 3 <br />