deed subject to existing rights of record, and otherwise conform to the title approval regulations of the Attorney General of the United States. (2) Federal land parcel The Federal land parcel shall be quitclaimed by the Secretary to Poly Met by an exchange deed. (c) Exchange costs (1) Reimbursement required Poly Met shall pay or reimburse the Secretary, either directly or through the Collection Agreements, for all land survey, appraisal, land title, deed preparation, and other costs incurred by the Secretary in processing and consummating the NorthMet Land Exchange. The Collection Agreements, as in effect on the date of the enactment of this Act, may be modified through the mutual consent of the parties. (2) Deposit of funds All funds paid or reimbursed to the Secretary under paragraph (1)— (A) shall be deposited and credited to the accounts in accordance with the Collection Agreements