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Tina Davis <br /> First American Title Iusurance Company <br /> Page 3 <br /> <br /> 3. Citibank ~411 deposit wi~ you documents, escrow mzt~,~ctio~s and flmds <br />in the amount of $2,890,000 or such other amount as may b~ described in Citibank's escrow <br />i~ructions. <br /> <br />II. Conditions of Closing. <br /> <br /> You may clo~c the abovc-referenced escrow only upon fulfillment of all of thc following <br />conditions: <br /> <br /> A. You hold the documents referred to /n Scct/on I above, duly executed and <br />acknowledged where required. <br /> <br /> B. You have dated any undated documents as of the date of recordation or as you <br />deem appropriate and attached legal descriptions and exhibits to all recordable documcuts wh~-c <br />required. <br /> <br /> C. You have received the Funds d~,~'ibed/n Sect/on L C. above. <br /> <br /> D. You are prepared and uncond/tionally committed to/ssue to the Bank an ALTA <br />Lenders Policy of title im'urancc/nsuring the val~d/ty and lien position of the Bank Deed of Trust <br />as desc~bed in the Banks's escrow/nstruct/ons and w/th such endorsements as are requested by <br />the Bank. <br /> <br /> E. You are prepared and uncond/t/onally comnfitted to issue to C/t/bank an ALTA <br />Lenders Policy of t/fie insurance/nsm'iug the valid/ty and lien position of the Citibank Deed of <br />Trus~ as descr/bed in Citibank's escrow instruct/~ns and w/th such endorsements as are requested <br />by Citibank. <br /> <br /> F. You are uncondit/onally and/rrevocably committed to/ssue to thc P/utucrsh/p a <br />1992 ALTA (Extended Coverage) Owners Policy of title insurance mstuing thc Partnership'$ f~c <br />title to the Propct'W in the amount of $15,972,000 subject only to except/om 1-9, 12 and 13 as <br />shown on that certain prelinfiuary ~ issued by you and dated Novcmber February 17, 1998 <br />and the encurnbta~s to be recorded through th/s escrow, with a non-imputation endorsement <br />and a fairway endorsement (the '~Partncrskip Policy"). <br /> <br /> G. You have had verbal or tclephonc contact with the Partnersh/p's representative Natal/e <br />L Gubb at (4 [ 5) 781-6600 that all othcr cond/t/ons of clos/ng requized by the part/es hereto have <br /> <br /> <br />