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agreemeriL, or a short form thereof to be executed by the <br />Subdivider, at the option of the City shall be placed of record so <br />as to give notice hereof to subsequent purchasers and encumbrancers <br />of all or any part of the Subdivision and all recording fees, if <br />any, shall be paid by the Subdivider. <br />14. Notices. Whenever in this agreement it shall be <br />required or permitted that notice or demand be given or served by <br />either party to this agreement to or on the other party, such <br />notice or demand shall be delivered personally or mailed by United <br />States certified mail (return receipt requested) to the addresses <br />set forth on Exhibit E. Such notice or demand shall be deemed <br />timely given when delivered personally or when deposited in the <br />mail in accordance with the above. <br />15. Release of Security. Upon performance satisfactory | <br />to the City v the Subdivider of the terms of this agreement, | <br />excluding the expiration of any guaranty or warranty period herein <br />and the performance by Subdivider of Subdivider’s obligations <br />herein with respect to any such guaranty of warranty, the City will <br />release to the Subdivider cash deposited in escrow in accordance <br />with this agreement or, in case of performance bond or letter of <br />credit shall release such investment in a form satisfactory to the | <br />Subdivider it| <br />/His/per | <br />witH/fty/rerirty/ I <br />-28-