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• <br /> within sixty (60) days after date title to said property is <br /> in escrow for the City, free and clear of all liens and encum- <br /> brances, excepts <br /> (a) Currant taxes which shall be cleared and paid <br /> in the manner required by Chapter 1023, Statutes <br /> of 1959. <br /> (b) Covenants, ooaditiona, restrictions and reserva- <br /> tions of reoced, if any. <br /> (o) Reservation is the deed for the right to erect, <br /> maintain, replace, remove and use overhead wires <br /> far the transmission and distribution of electric <br /> energy along the routs delineated in yellow on <br /> said Exhibit 'L ". <br /> 1. P. all escrow and recording fees incurred in thta transaction <br /> and, if title iswsraaos is desired by the City, the parsmime *harped <br /> therefor, and documentary tax, if required. Said escrow and record- <br /> ing aborts' shall not, however, include reeonvey.noe fees, trustee's <br /> fees, or forwarding fsss for taw full reoonveyanos or fell release <br /> of mortgage. <br /> 3. resifts shall within ors year from date hereof, secure a release of the <br /> property oonwysd in fee from the lien of the bonded indebtedness of Pacific. <br /> 4. The escrow shall be handled theromgh Ban Mateo County Title Compaq, their <br /> number 125535. <br /> 5. Pacific shell relocate its existing electric facilities from the location <br /> shown in blur em said Exhibit 'L' to the looation shorn in yellow and green on <br /> said Exhibit 'l', �/ssaid mew looatioa to be mutually agreed to between tie City <br /> lagimeer emd resifts. <br /> b. City shall reimburse P•oifie the asinal met east, estimated to be $2,400, <br /> of relocating ?rsifio's facilities, as provided fur in Itsa 5 upon receipt of five <br /> copies of an iMtised bill oompated in acoardamee with the uniform system of <br /> s000unts prescribed for utility companies by the Public Utilities Commission of <br /> -2- <br />