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Section 4. Remed~~s 4.I Owner. In tl~e event Ov~m~r breaehes any term or pco~-ision of this Agreement, and rogardless of whether the breach oe~uts before or after Optionee notifies Owner of the exercise of the Option~ then Optionee, without limiting its other remedies or any ather relief, shaIl be entitled to speci~cally enforce the tertns of this 4ption and to recover damages on account of Ownec's breach. 4.3 Other Remedies. Zhe limitations on remedies set 'forth in this section shall noc preciu~e either par[y from seekin~ or obtaini.ng inJunctive relief or from seeking reco~ery against the other under any contractual indemnity set forth herein or for cansing physical damage ar injury to persons or property. Secliun 5. Closing 5.1 Time and Place. Closing of the sale and purchase of the Property (the "Closing") shall occur on a date (the "Closing Date") selecccd by Optionee, bat in all events the Ciosing shall occur within 90 days afut the date that the Exercise Notice is given. The escrow for the Closing shall be established at the office of First American Title Insurance Company of Oregon (the "?itle Company"), at Salem, Oregon. 5.2 Closing Obligations- On the Closing Date, Owner nnd Optionee shal! deposit the following documents and funds in escrow, and the Title Company shall close escrow in ac~otdance with the instructions of Owrer and Optionee_ $.2.1 Opuoaee shall deposit the following: (1) A good and suffic~ent watcanty deed, duly executed and acl~owledged; (2) Sueh documents as Owner or the Title Company may require to evidence the authority of Optionee co consummate this tcansaction; and (3) Sach other documents and funds, including (without limitation) escrow instructions, as az~e required of Optionee to close the sale in axordaace with this ASreem~aL 5.2.2 Ownar shall deposit the following: (1) The cash payment specified in Section 3; authority of Optionoeto~ onsummata die~transa~ctionec ntemplated;~ad ay require to evidence the (3) Such other documents and funds, including (withoat limitation) escrow instructions, as are requirr.d of Optionee to close the sale and purchase of the Property in accordance with this Agreement. 5.3 Costs. Optionx aad Owner each shall pay ono-hatf of the escrow fee of the Title Company wich tespect to the Closin8• ~P~onee shall pay the fee (cxclusive of any conveyance or excise tax) for rec;ording the eoo~yance doeuments referred to h~~. 5.4 Prorattoas. All iWns of expense incurred by Owner with respect to the Propecty shall be paid by Owner at Closing, without procsdon. All real prapeltY t~ces and assessments payable with respect to the tax year in which Closing occuts shall be prorated between Owner and Opt~onee as of the Closing Date. . . Section 6. Recording On tae Effective D3te, Owner shall execute, acknowledge, and deliver to Optionee a Memocandnm in the form atraehed as Exhibic A. Option Ag~ement Page - 2