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{}315 Taxes and Assessments ...................................................................................... 17 <br />{}316 Land Use Regulations ........................................................................................ 17 <br />{}318 Condition of the Acquisition Parcels and the Shea Project Site ........................ 18 <br />{}319 Preliminary Work by Shea ................................................................................. 18 <br />{}320 Remediation ....................................................................................................... 18 <br />{}321 Submission of Evidence of Equity Capital and Mortgage Financing ................18 <br /> <br />Article 4. <br /> <br /> {}401 <br /> {}402 <br /> {}403 <br /> {}404 <br /> {}405 <br /> {}406 <br /> <br />ESCROW ......................................................................................................... 19 <br />Opening of Escrow ............................................................................................ 19 <br />Conditions Precedent to Close of Escrow ......... ~ ................................................ 20 <br />Shea's Duties ..................................................................................................... 21 <br />Agency's Duties ................................................................................................. 21 <br />Terms of Escrow ................................................................................................ 21 <br />Recordation of Grant Deed or Grant Deeds ....................................................... 23 <br /> <br />Article 5. <br /> <br /> {}501 <br /> {}502 <br /> <br /> {}503 <br /> {}504 <br /> <br /> {}505 <br /> {}506 <br /> §507 <br /> {}508 <br /> {}509 <br /> §510 <br /> §5 1 <br /> <br />{}512 <br /> <br />§5 3 <br /> <br />{}514 <br /> <br />§515 <br /> <br />§516 <br /> <br />§517 <br /> <br />DEVELOPMENT OF THE SHEA PROJECT ................................................ 23 <br />Scope or'Development ....................................................................................... 23 <br />Basic Concept Drawings .................................................................................... 23 <br />Agency Cooperation With Processing ............................................................... 24 <br />Cost of Construction .......................................................................................... 24 <br />Construction Schedule ....................................................................................... 24 <br />Insurance and Indemnification ........................................................................... 25 <br />Rights of Access ................................................................................................ 27 <br />Local, State and Federal Laws; Prevailing Wages Policy ..................... : ........... 27 <br /> <br />Anti-Discrimination During Construction ......................................................... 27 <br />Taxes, Assessments, Encumbrances and Liens ................................................. 27 <br /> <br />No Encumbrances Except Mortgages, Deeds of Trust or Sales and Leases. Back <br />for Development ................................................................................................ 28 <br />Holder Not Obligated to Construct Improve/nents ............................................ 28 <br />Notice of Default to Mortgage or Deed of Trust H-o'tdem; Right to Cure .......... 28 <br />Failure of Holder to Complete Improvements ................................................... 29 <br /> <br />Right of Agency to Cure Mortgage or Deed of Trust Default ............... : ........... 29 <br />Right of Agency to Satisfy Other Liens on the <br />Acquisition Parcels After Title Passes .......................................... : ................... 29 <br />Certificates of Completion ................................................................................. 30 <br /> <br /> ii <br />wc-21875 <br /> <br /> <br />