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% ance; Land Company at its own expense shall furnish to the Pur­chaser standard policy of title insurance in the amount of the purchase price insuring Land Company as Beneficiary under said deed of trust and the Purchaser as Trustor, showing title to purchase parcel to be vested in Purchaser, except the oil, gas and minerals, and subject to said deed of trust and other matters more specifically set out; Land Company and Purchaser shall each bear its proportionate share of charges of said escrow; Land Company at its own expense shall arrange to have an £>" water line constructed to serve the option parcel, and additionally, at its expense, shall arrange for an outfall trunk line sewer to serve the option parcel, however, any conn­ections required by the Purchaser shall be arranged for and performed at expense of Purchaser; Land Company agrees to arrange with Los Angeles & Salt Lake Railroad Company and its Lessee, Union Pacific Railroad Company, to construct at their expense approximately 70 feet of lead track, and Purchaser and its Lessee agree to execute Railroad Company’s standard form of Industry Track Contract which shall, among other things, grant Purchaser's Lessee right to spot cars on end portion of lead track, and license to construct unloading ramp, subject to reciprocal J>0 days termination, and if terminated Purchaser shall at its own expense construct spur track on its own property; be, and the same is hereby, ratified, approved and confirmed. On motion duly seconded, it was RESOLVED, that the action of President Stoddard and -5-