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SECOND DRAFT - November 23, 1992 <br />direct obligations of, or obligations the principal of and interest on which are <br />unconditionally guaranteed by, the United States of America that are not <br />redeemable prior to maturity at the option of the obligor ("Authorized Escrow <br />Investments"); and <br />WHEREAS, The funds deposited with the Escrow Agent under and pursuant <br />to this Agreement shall be held, deposited and invested by the Escrow Agent, in <br />escrow, as provided herein; and <br />WHEREAS, The County and the Escrow Agent desire to agree with respect <br />to disposition of money which shall represent income derived and/or profits <br />realized from such investment and/or deposit of money so held by the Escrow <br />Agent. <br />NOW, THEREFORE, the County and the Escrow Agent, each intending to <br />be bound legally, covenant and agree as follows: <br />1. The Escrow Agent acknowledges to the County that the County, <br />simultaneously with the execution and delivery of this Agreement, has deposited <br />or caused to be deposited with the Escrow Agent the Authorized Escrow Investments <br />described in detail in Exhibit "A", which is attached hereto and is made part <br />hereof (the "Obligations"), together with certain cash, if any, in the amount set <br />forth in Exhibit "A". <br />2. The Escrow Agent acknowledges to the County that the Obligations <br />and the cash referred to in Paragraph 1 are held in trust by the Escrow Agent in <br />the name of the County and shall be subject to withdrawal and/or collection only <br />- 6 - <br />