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upr000340 208

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upr000340-208
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    V District outside of escrow all of the property referred to in subparagraph (m) of Section 1, (b) Said Escrow Agent shall deliver to the Dis­trict all of the documents hereinafter referred to transferring, assigning and conveying to the District all of the property referred to in Section 1 hereof, (c) The Escrow Agent shall furnish to the District a policy of title insurance issued by the PIONEER TITLE INSURANCE COMPANY, of Las Vegas, with liability not ex­ceeding $267,650.00, showing title to the lands referred to in subparagraph (a) of Section 1 of this agreement to be vested in the District free and clear of all encum­brances save and except all taxes for the calendar year in which the sale date occurs and all conditions, re­strictions, reservations, easements and Certificates of Appropriation of Water of record except (subject to the provisions of Section 2 hereof) the Certificates of Ap­propriation of Water referred to in Section 2 of this a-greement, and (d) There shall remain in the possession of said Escrow Agent the amount of the Relocation Fund estab­lished pursuant to Section 5 hereof after the payment of said purchase price by said Escrow Agent. The term "sale date" as used in this agreement shall be the date when the said escrow shall have been partially performed by the conveyance of the properties referred to in Section 1 here­of to the District and the payment of the purchase price therefor to First Parties or their nominee. The said land referred to in subparagraph (a) of Section 1 shall be conveyed to the District by deed in the form hereto at­tached as Exhibit "B" except that if said conveyance is made by a party other than Salt Lake Company, said deed shall contain the provisions set forth in Exhibit "B-l" in lieu of the covenant re­stricting the drilling of water wells set forth in Exhibit "B". The property referred to in subparagraphs (b), (c), (d), (e), (f), (g) , (h) and (j) of said Section 1 shall be conveyed to the Dis­trict by instrument in the form of Exhibit "E" hereto attached,ex­cept that the pipe lines and wire lines referred to in subparagraphs (h) to (l),inclusive, of Section 5 which are to be removed as pro­vided in that section and the existing pumping station, including pumps,machinery and appurtenances thereto,referred to in subpara­graph (d) of Section 5,which is to be relocated,shall be conveyed to 2 2 .