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Date: 1111712022 RE: Escrow No. 4437-LG [owners Policy: In order for escrow to comply with new Closing Disclosuna regulations, escrow holder is Instructed to debit account of buyer for the owners policy of title insurance through this transaction. Escrow Holder Is then instructed to credit the buyer and debit seller for the owners policy of title insurance at the close of escrow. HOAt Seller shall deposit to Escrow Holder any fees required prior to order of documents for Homeowner's Association. GENERAL PROVISIONS IMPORTANT - PLEASE READ CAREFULLY 1. Executions & Delivery of Escrow Lrstructions These instructions may be executed in counterparts and said counterparts together will constitute one and the same instrument. In the event that the patties hereto utilize facsimile or electranically transmitted instructions to Escrow Holder, said parties hereby instruct Escrow Holder to rely upon such instructions as if they were originals. Any amendments and supplements to these inductions must be in writing and shall only be effective when executed and delivered to Escrow Holder. Escrow Holder shall not be concerned with nor have any obligations with respect to items designated as memoranda in these instructions or with any other agreement or contract between the parties to this escrow. 2. Deposit Of Funds (i) All funds received in this escrow will be deposited with other escrow funds in one or more non -interest -bearing escrow accounts of Escrow Holder in a financial Institution selected by Escrow Holder. Escrow Holder shall not be responsible and shall have no liability far' any delay in closing this escrow if the funds deposited in this escrow are not available For immediate withdrawal as a matter of right following deposit in such financial institution. (ii) You have the Opportunity to earn interest on the funds you deposit with us through a deposit account arrangement that Escrow Holder has established with one of its financial institutions. The interest rate for these accounts varies between financial institutions, fluctuates periodically based on market conditions and other Factors, and may Change prior to or during the time your funds are on deposit. You will not have an opportunity to earn interest on any £ands deposited by a lender. (ili) If you elect to earn interest through this special account arrangement, Escrow Holder will charge you an additional fee of $50.00 far the establishment and maintenance of the account. This fee compensates Escrow Holder for the costs associated with opening and managing the interest -bearing account, preparing correspondence documentation, transferring funds, maintaining appropriate records for audit/reconciliation purposes and filing any required tax withholding statements, It is important that you consider this cost In your decision since the cost may exceed the interest you earn. if you are interested in having your funds deposited in an interest -bearing account, please contact your escow officer, ('w) If you do not elect to have your funds deposited in an interest -bearing account your funds (together with any funds deposited by a lender) will be held in Escrow Holder's general escrow trust account. The general escrow trust amount is restricted and protected against claims by third parties or creditors of Escrow Holder. Escrow Holder and)or its parent company may receive certain direct and indirect financial benefits from the financial institution as a result of maintaining the general escrow trust account. These benefits may include, without limitation, credits allowed by such financial institution on loans to Escrow Holder andfor its parent company and earnings on investments made with the proceeds of such loans, as well as accounting, reporting and other services and products of such financial institution. Escrow Holder shall have no obligation to account to the parties to this escrow in any manner for the value of, or to pay to any patty, any benefit received by Escrow Holder and/or its parent company, Any such benefits shall bedeemed additional compensation of Escrow Holder fiat Its services in connection with this escrow. Some or all of these benefits may be deemed interest due you under California Insurance Code Section 12413.5. As indicated above, you may elect to have your funds placed in a separate, Interest -bearing account and receive the benefits therefrom, but you will be required to pay Escrow Holder an additional fee for this service. Alternatively, you may leave your funds in the general escrow trustaccount and thereby authorize Escrow Holder to keep the benefits it and/or its parent company receives from the financial institutlom In either event, you understand and agree that Es,crow Holder andlor its parent company may receive and retain for their sale benefit any and all benefits derived from the general escrow trust account prior to the deposit of your funds in an interest -bearing account and following the withdrawal of your funds from such interest - bearing account (normally two business days prior to the close of escrow). (Y) All parties depositing funds in connection with this escrow are hereby noted that the. funds so deposited are insured only to the limit provided by the Federal Deposit Insurance Corporation, (vi) Funds deposited by a lender are ordinarily deposited to escrow one or two days prior to closing, you should he aware that your fander may begin charging interest on your loan from the date loan funds are deposited into Escrow Holder's escrow trust account. 3. Good Funds Law - California Insurance Code §12413.1 All parties are aware and understand that California Insurance Code $,12413.1 mandates that funds deposited into an escrow must be collected and available For withdrawal PRIOR. TO DISBURSEMENT. The determination of the availability of funds is set forth as failovm r) CASH AND ELECTRONIC TRANSFERS (`wired funds") are mailable For SAME DAYdisbursement. il) CASHIER'S CHECKS AND CERTIFIED CHECKS are available far disbursement THE NEXT BUSINESS DAY; In order to avoid unnecessary delays of two to seven days, or more, please use wire transfers, cashiet's checks or Seller(s) InitialsSA@7 Buyer(s) Initials page 3