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CA D6 ®SCpOW JOINT ESCROW INSTRUCTIONS - Escrow No: EU04-4230 T0: CASCADE ESCROW 811 WILLAMETTE DATE: 03/05/2004 EUGENE, OR 97401 PAGE: 1 OF 4 PARTIES: SELLER: CITY OF EUGENE BUYER: ROYAL CREEK, LLC SUBJECT PROPERTY: LOTS 2-12 INCLUSIVE, LOTS 89-98 INCLUSIV, EUGENE, OR ROYAL CREEK SUBDIVISION, EUGENE, OR As more fully described in the title report. The parties hereby employ Cascade Escrow to act as settlement agent in connection with the sale by Seller to Buyer of the subject property and agree, advise and instruct Cascade Escrow as follows: The signed Closing Statements are made a part of these instructions as if fully set forth herein. Certain items on the closing statements are estimates only and the final figures may be adjusted to accommodate exact amounts required at the time of closing of escrow and disbursement of funds. If for any reason additional funds shall become due for the accounts being paid through this escrow, the Seller/Buyer agree to deposit such additional funds immediately upon notification. TITLE INSURANCE POLICY OR POLICIES: Obtain through CASCADE TITLE COMPANY the following title insurance policy or policies on the subject property: STANDARD OWNER'S P $200,000.00 insuring ROYAL CREEK LLC AN OREGON LIMITED LIABILITY COMPANY Showing title vested in or the interest of: ROYAL CREEK, LLC, an Oregon Limited Liability Company Subject to the usual terms, conditions and exceptions contained in the form of title insurance policy herein provided for and any exceptions arising from or created by the documents recorded through this escrow and the following exceptions in that title report dated January 0, 2000, Order No. . The parties acknowledge receipt of the title report and map, and have read and approved the same. Additional Instructions: All items to be paid in this escrow are reflected on the closing statements constituting a part of this escrow. Should any item not appear on the closing statements, it is to be paid by the buyer and/or seller outside of this escrow. You are instructed to pay all credit card items and other consumer type debts in the amounts as shown on the Closing Statements pursuant to the lender's instructions to you. You are to accept the account information and amounts that have been provided to you without verification. If the invoices for the credit cards and/or consumer type debts are not supplied to escrow, then Cascade Escrow will deliver checks for said debts to the undersigned for delivery to said creditors, with no liability to Cascade Escrow. Any and all said checks shall be delivered via regular mail, unless instructed by the undersigned. PROBATIONS shall be made as of Close of Escrow. The items to be prorated or adjusted in escrow are: NO PROBATIONS. All adjustments to be made on a per diem basis, unless otherwise instructed prior to closing. It is understood that Homeowner's Association dues, water, sewer, waste collection, electricity and utility charges and inventory for fuel will be adjusted between Seller and Buyer outside this escrow, unless set forth on the