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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 w ith m aturity dates not eaeeedtmg 20 months* the market m l m a t which a t a l l tim es s h a ll equal the amount o f funds on s p e c ia l dep o s it hereunder, and such s e c u r itie s s h a ll he p laced toy the sa id tre a su re rs in escrow in the Bank imdei* escrow in stru c tio n s p rovid in g th a t yem s h a ll h© e n t it le d to re c e iv e the in te r e s t cu rre n tly payable on sa id s e c u r itie s during the pendency o f sa id escrow in sa id tank and th a t in the e - vent o f your fa ilu r e to pay the funds d ep osited w ith you in t h is escrow to the p arty e n title d th ereto w ider th e terms o f th is escrow agreement a t the tim e o r tim es provided In th ese Escrow In stru c tio n s,. s u ffic ie n t o f the s e c u r itie s m p la c e t in escrow s h a ll toe re d e liv e re d to the p arty h ereto e n title d th e reto to enable sa id p a rty to r e a lis e the amount o f money then due sa id p arty under the terms o f t h is escrow and th a t sa id s e c u r itie s so d e liv e re d to sa id p a rty m y he so ld fey sa id p arty w ith o r w ithout n o tic e and the proceeds th e re o f used to pay sa id p arty the amount o f money which sa id p arty i s e n title d to under the term s o f th is escrow . In the d isc r e tio n o f the proper o f f ic e r or o ffic e r s o f the D is tr ic t and the Wat e r company you may, in lie u o f the d ep o sit o f such s e c u r it ie s , fee perm itted to d e liv e r to th e tre a su re rs o f the D is tr ic t and the Mate r Company an undertaking or indem nifying bond o f a corp orate su rety gp a tflfled a s m l ® su rety on bonds or undertakings as required toy the laws e f the s ta te o f Nevada and approved toy th e Insurance Comm ission er o f the S ta te o f jfevada fo r the purpose o f tra n sa ctin g a su rety business, w ith in sa id s t a t e , the penal m ount o f which s h a ll a t xm tim e fee le s s than the amount o f .money on sp e c ia l d ep o sit w ith If,