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Tina Davis <br /> First American Title Insmance Company <br /> Page 4 <br /> <br />been satisfied. <br /> <br />Ill. Rocording Requirements. <br /> <br /> A. Any Agency doo,ments are to be recorded at .no charge pursuant to Section 27383 <br />of the California Government Code. If the San Marco County Recorder requires a recording fee <br />you are to pay the recording fee. <br /> <br /> B. Upon meet~g the conditions of closing in Section II above, you are instructed to <br />immediately record in the Official Records of the County of San Marco in the order set forth <br />below, the following documents (collectively known as the "Documents"): <br /> <br /> 1. the Citibank Deed of Trust; <br /> <br /> 2. the Bank Deed of Trust; <br /> <br /> 3. the M~mo of Option. <br /> <br /> Please record any intervening documents submitted by the Agency, the Bank or Citibank <br />in the order set forth in the escrow instructions which you have received from them. <br />Subordination Agra:merits will be deposited wi~h you in form and substance sufficient for <br />to insure thc priority of the Deeds of Trust being i'ecorded through thi.~ escrow. <br /> <br /> Immediately upon recordation of the Doc:,ments, you are instructed to notify, by <br />telephone, Natalie L. Gubb at (415) 781-6600. <br /> <br />IV. Disbursement of Fun~. <br /> <br /> Concurrently with recordation you are instructed to disburse the Funds in thc following <br />order: <br /> <br /> A. You are to disburse the Funds on behalf of the Parl~erflaip in accordaqce with the <br /> Demand Letter submitted to you by the Wells Fargo Bank and to pay your costs <br /> and fees as identified in your closing statement. <br /> <br /> B. You are to disburse all remaining funds to the Partnership unless otherwise <br /> instructed by an authorized representative of the Partnership. <br /> <br /> <br />