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Page 2 of 5 <br />the Property pursuant to this Agreement with Chicago Title (“Title Company” or “Escrow <br />Agent”). The parties shall deposit into escrow an executed copy of this Agreement (which may <br />be executed in counterparts), which shall serve as the joint escrow instructions of the Owner and <br />the City for this transaction, together with such additional instructions as may be executed by <br />the Parties and delivered to the Escrow Agent. <br /> <br />A. The City has previously received and reviewed a title report for the <br />Property, and does not object to title exceptions for the items listed in Section 3 above. It <br />shall be a condition of close of escrow that Title Company issue an ALTA Owner’s Title <br />Insurance Policy (“Title Policy”) in the amount of the purchase price for the benefit and <br />protection of the City, showing title to the Property vested in City. <br /> <br />B. Owner shall deposit into escrow: <br /> <br />(i) an executed copy of this Agreement; <br /> <br />(ii) a grant deed, duly executed and acknowledged, conveying to City <br />fee simple title to the Property, subject to the exceptions listed in <br />Section 3, above; <br /> <br />(iii) an affidavit meeting the requirements of lnternal Revenue Code <br />Section 1445(b)(2) stating that Owner are not a “foreign person” <br />within the meaning of Internal Revenue Code Section 1445(f)(3), <br />and setting forth the Owner’ United States employer identification <br />numbers and Owner’s business addresses; <br /> <br />(iv) A payoff demand from Rocket Mortgage, the unrecorded <br />successor/assignee to the deed of trust under United Wholesale <br />Mortgage further assigned to Nationstar Mortgage dba Mr. <br />Cooper. The release/reconveyance of the Deed of Trust initially <br />under UWM, assigned to Nationstar/Mr. Cooper, further assigned <br />(not recorded) to Rocket Mortgage, will be handled directly by <br />Rocket's trustee 20 days from the payoff date. <br />; <br /> <br />(v) loan for lender and beneficiary City of Pleasanton.; The parties <br />agree that the Note secured by the City’s Trust Deed has been <br />satisfied; and <br /> <br />(vi) such additional duly executed instruments and documents as the <br />Escrow Agent may reasonably require to complete the transaction <br />contemplated by this Agreement. <br /> <br />C. City shall deposit into escrow: <br /> <br />(i) an executed copy of this Agreement; <br />Docusign Envelope ID: 6B6D6B3A-438E-86C4-83C4-7090C1033FD1Docusign Envelope ID: DFF5E082-CF6D-889F-831E-04E7680AF646