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Deed of Trust or Lot 2 Deed of Trust to be completely released and reconveyed, <br /> with respect to the Lot being sold, so long as the City has received its applicable <br /> Lot Profit Payment for such Lot in connection with such closing. The City shall <br /> not have obligation to release or reconvey either of these Deeds of Trust except in <br /> connection with a Bona Fide Sale where such foregoing condition is met. <br /> (b) Transfer Lot Group Remedies/Escrow. Within thirty (30) days <br /> following the Effective Date, Owner will execute and place in escrow with the Title Company a <br /> Deed for the Transfer Lot Group subject only to the Permitted Exceptions applicable to the <br /> Transfer Lot Group. If Owner has not conveyed the Transfer Lot Group by the Transfer Lot <br /> Group Closing Date, the Title Company is instructed, upon written request from the City to the <br /> Title Company, to release to the City the Deed for the Transfer Lot Group. The City's receipt of <br /> the Deed from the Title Company does not release Owner from any obligation under this <br /> Amendment, including without limitation the Owner's obligation to cause to the Title Company <br /> to deliver the Title Policy for the Transfer Lot Group. Owner represents and warrants that, as of <br /> the date of such Deed release, all representations and warranties in Section 1.3 above are true and <br /> accurate as to the Transfer Lot Group. <br /> (c) Transfer Lot 3 Remedies/Escrow. <br /> (1) Thirty(30) days prior to the Transfer Lot 3 Closing Date, Owner <br /> will execute and place in escrow with the Title Company a Deed, subject only to <br /> the Permitted Exceptions applicable to Transfer Lot 3. If Owner has not <br /> conveyed Transfer Lot 3 by the Transfer Lot 3 Closing Date, the Title Company <br /> is instructed, upon written request from the City to the Title Company, to release <br /> to the City the Deed for Transfer Lot 3. The City's receipt of the Deed from the <br /> 23 <br />