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I <br />promptly as practicable upon the deposit of grant deeds by <br />Grastoke with the Western Title and Guaranty Company of Oakland, <br />California, and upon the deposit of $18,195.82 (subject to ad- <br />justments) with said escrow by the City. The City shall have <br />no further obligation under the agreement of April 6, 1962, <br />because of its defective title to the two parcels aforesaid ex- <br />cept as herein specifically provided. <br />This Agreement shall be binding upon all parties when <br />approved by the City Council of the City of San Leandro. The <br />closing of the acquisition of the six parcels by the City of <br />San Leandro shall thereafter be accomplished. The rights and <br />obligations of Grastoke shall be binding upon or inure to the <br />benefit of its successors in ownership of the property adjacent <br />to parcels LD-60-164 and LD-60-165. <br />IN WITNESS WHEREOF, the parties have hereunto affixed <br />their hands and seals this llth day of <br />ATTEST: <br />September , 1962. <br />CITY OF SAN LEANDRO <br />By: <br />- 4 - <br />