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\ D i s t r i c t o u ts id e o f escrow a l l o f th e p ro p e rty r e f e r r e d to in subparagraph (m) o f S e c tio n 1 , (b ) Sa id Escrow Agent s h a l l d e liv e r to th e D is ­t r i c t a l l o f th e documents h e r e i n a f t e r r e f e r r e d to t r a n s f e r r i n g , a s s ig n in g and conveying to th e D i s t r i c t a l l o f th e p ro p e rty r e f e r r e d to in S e c tio n 1 h e r e o f, ( c ) The Escrow Agent s h a l l fu r n is h to th e D i s t r i c t a p o lic y o f t i t l e in su ra n ce is su e d by th e PIONEER TITLE INSURANCE COMPANY, o f Las V egas, w ith l i a b i l i t y n ot e x ­ceed in g $ 2 6 7 j 6 5 0 .0 0 , showing t i t l e to th e lan d s r e f e r r e d to in subparagraph (a ) o f S e c tio n 1 o f t h i s agreem ent to be v e ste d in th e D i s t r i c t f r e e and c l e a r o f a l l encum­b ra n ce s save and e x ce p t a l l ta x e s f o r th e c a le n d a r y e a r in which th e s a le d ate o ccu rs and a l l c o n d itio n s , r e ­s t r i c t i o n s , r e s e r v a t io n s , easem ents and C e r t i f i c a t e s o f A p p ro p riatio n o f W ater o f re co rd e x ce p t ( s u b je c t to th e p r o v is io n s o f S e c tio n 2 h e r e o f) th e C e r t i f i c a t e s o f Ap­p r o p r ia tio n o f W ater r e f e r r e d to in S e c tio n 2 o f t h i s a - greem en t, and (d) There s h a l l rem ain in th e p o s s e s s io n o f s a id Escrow Agent th e amount o f th e R e lo c a tio n Fund e s t a b ­lis h e d pu rsuan t to S e c tio n 5 h e re o f a f t e r th e payment o f s a id pu rch ase p r ic e by s a id Escrow A gent. The term " s a le d a te " as used in t h i s agreem ent s h a l l be th e d ate when th e s a id escrow s h a l l have been p a r t i a l l y perform ed by th e conveyance o f th e p r o p e r tie s r e f e r r e d to in S e c tio n 1 h e r e ­o f to th e D i s t r i c t and th e payment o f th e pu rch ase p r ic e t h e r e f o r to F i r s t P a r t ie s o r t h e i r nom inee. The s a id land r e f e r r e d to in subparagraph (a ) o f S e c tio n 1 s h a l l be conveyed to th e D i s t r i c t by deed in th e form h e re to a t ­tach ed as E x h ib it "B" e x ce p t th a t i f s a id conveyance i s made by a p a r ty o th e r than S a l t Lake Company, s a id deed s h a l l c o n ta in th e p r o v is io n s s e t f o r t h in E x h ib it " B - l " in l i e u o f th e covenant r e ­s t r i c t i n g th e d r i l l i n g o f w ater w e lls s e t f o r t h in E x h ib it "B ". The p ro p e rty r e f e r r e d to in subparagraphs ( b ) , ( c ) , ( d ), ( e ) , ( f ) , ( g ) , (h j and ( j ) o f s a id S e c tio n 1 s h a l l be conveyed to th e D is­t r i c t by in stru m en t in th e form o f E x h ib it "E" h e re to a tt a c h e d ,e x ­ce p t th a t th e p ip e l i n e s and w ire l i n e s r e f e r r e d to in subparagraphs (h ) to ( l ) , i n c l u s i v e , o f S e c tio n 5 which a re to be removed as p ro ­vided in t h a t s e c t io n and th e e x i s t i n g pumping s t a t i o n , in clu d in g pum ps,m achinery and ap p u rten an ces t h e r e t o ,r e f e r r e d to in su bp ara­graph (d) o f S e c tio n 5*w hich i s to be r e l o c a t e d ,s h a l l be conveyed to 22.