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GRANTOR: GARNET®EAR,L.P. APN: 941-1311-2 <br /> PROJECT: JOHNSON DRIVE EcoNowc DEVELOPMENT ZONE PROJECT <br /> B. Deductions. CITY may deduct and pay from the consideration any amount necessary to <br /> satisfy any liens, bond demands and delinquent taxes due in any year except the year in <br /> which this escrow closes,together with penalties and interest,and/or delinquent and unpaid <br /> j non-delinquent assessments,which may have become a lien at the close of escrow. <br /> C. Current taxes. Taxes for the tax year in which this escrow closes shall be cleared and <br /> paid in the manner required by Revenue and Taxation Code Section 5066 if unpaid at the <br /> close of escrow. <br /> D. Escrow and title charges. CITY agrees to pay all escrow, recording and title insurance <br /> charges, if any, incurred in this transaction. <br /> E. Clear title. Close of escrow for this transaction is contingent upon the title company <br /> receiving deeds of reconveyance from any deed of trust or mortgage holder trustees and <br /> beneficiaries. If the Property is secured by a mortgages)or deed(s)of trust, GRANTOR is <br /> responsible for payment of any demand under authority of said mortgage or deed of trust <br /> out of GRANTOR's proceeds. Such amounts may include, but not be limited to, payments <br /> of unpaid principal and interest. <br /> F. improvements.The consideration in Section 3.A. includes payment for the following <br /> improvements: 2,011 sq.ft.of lawn;2 medium sized bushes;4 small sized bushes. <br /> E G. Cost to Cure Damages. N/A <br /> 4. Temporary Construction Easement. GRANTOR hereby grants to CITY a TCE for the use <br /> aril storage of tools, machinery, materials and equipment by CITY, over, across and upon that <br /> E certain real property as described and depicted in Attachment 3,Exhibits A and B attached hereto <br /> and made a part hereof, together with the right of ingress to and egress from said property and <br /> the right at all times to enter and use said real property and every part thereof for all purposes <br /> connected with the construction of the proposed public improvement for a period of 12 months. <br /> Said period to commence with first entry on GRANTOR's property by CITY'S contractor. At least <br /> 48 hours advance written notice will be given before any entry on GRANTOR's property. The <br /> amount set forth in Clause 3 herein includes full payment for the TCE. <br /> 1 i <br /> A. CITY agrees to promptly restore any damage to the construction easement area <br /> and/or the parcels upon which the construction easement area Is situated(and the <br /> improvements located thereon) caused by CITY's entry upon the construction <br /> ' easement ares or work performed In connection with the Project. <br /> f <br /> B. CITY agrees upon completion of any of its works hereunder to restore, as near as ` <br /> possible, the surface of the TCE to the condition in which it was prior to the <br /> commencement of the work related to the proposed public improvement. <br /> D. In the event GRANTOR sells, conveys or assigns any property interest, <br /> encumbered by the Agreement prior to CITY exercising the rights grant herein, <br /> GRANTOR shall notify the successor or assigner of the rights and obligations of <br /> both parties as included herein. <br /> D. In case of unpredictable delays in construction, upon written notification by CITY, <br /> the terns of the TCE may be extended by an amendment to this Agreement. <br /> GRANTOR shall be compensated based on the fair market value at the time of the <br /> extension. Payment shall be made to the GRANTOR for the extension prior to the <br /> expiration of the original TCE period. <br /> Apt 2 o/B <br />