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JAH:djm 03/06/90R (REDEV) JAH:djm 03/19/90R JAH:djm 04/04/90R to transfer of title; and J. Any transfer tax. §403 Agency's Duties The Agency shall timely and properly execute, acknowledge and deliver a Grant Deed or Grant Deeds in substantially the form established in Section 309 of this Agreement conveying to the Developer title to the Acquisition Parcels in the condition required by Section 310 of this Agreement, together with its certification that the Developer has completed all acts necessary to entitle the Developer to such conveyance, if such be the fact. §404 Terms of Escrow The Escrow Agent is authorized to: A. Pay, and charge the Developer for any fees, charges and costs payable under this section. Before such payments or charges are made, the Escrow Agent shall notify the Developer of the fees, charges and costs necessary to clear title and close the escrow. B. Disburse funds and deliver the deed and other documents to the parties entitled thereto when the conditions of this escrow have been fulfilled by the Agency and the Developer. C. Record any instruments delivered through this escrow, if necessary or proper, to vest title in the Developer in accordance with the terms and provisions of this Agreement. All funds received in this escrow shall be deposited by the Escrow Agent with a federally insured institution as directed by the Developer. Any interest earned on such funds shall be the property of the Developer. Such funds may be transferred to any other such general escrow account or accounts. All disbursements shall be made by check of the Escrow Agent. All adjustments are to be made on the basis of a 30 -day month. If this escrow is not in condition to close on or before the time of conveyance established in the Schedule of Performance, either party who then shall have fully performed the acts to be performed before the conveyance of title may, in writing, terminate this Agreement in the manner set forth in Section 1007 or 1008 hereof, as the case may be, and demand from the Escrow Agent the return of its monies, papers or documents theretofore deposited in escrow. Thereupon, all obligations and liabilities of the parties under this Agreement shall cease and terminate in the manner set forth in Section 1009 hereof. No demand for return shall be recognized until thirty (30) days after the Escrow Agent shall have caused copies of such demand to be delivered to the other party at the address of its principal place of business. Objections, if any, to the return of moneys, papers or documents theretofore deposited in escrow, shall be raised by written notice to the Escrow Agent and to the other party not later than M.