AMBRIZ, VIRGINIA G. - Laserfiche WebLink

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EXHIBIT "B" (Fidelity National Title) GENERA, ESCROW PROVISIONts_ 1. DEPOSIT OF FUNDS The law dealing with the disbursement of dads retituiros that all funds be available for withdrawal as a matter of right by the title entity's escrow and/or sub escrow account prior to disbursement of any farads. Only wire -transferred funds can be given immediate availability upon deposit. Cashier's checks, teller's cheoks and Certified checks may be available one business day after deposit. All other funds such as personal, corporate or partnership checks and drafts are subject to mandatory holding periods which may cause material delays in disbursement of funds in this escrow. In order -to, avoid, delays; alI Iondings• should, berwixe tmnsfurmd. Outgoing wim tratnafenr will. not be, authorize6j"I confirmation• o£iharespeat we incoming wire transfer or of availability of deposited checks. Deposit of funds into general escrow trust account unless instructed otherwise, You may instruct Escrow Holder to deposit your finds into an interest bearing account by signing told returning the "Escrow ]nstructiolls - hrterest Bearing Accotm , which has been provided to you. If you do not so instruct us, than all funds received in this escrow shall be deposited with other escrow finds in one on more general escrow trust accounts, which include both non -interest bearing demand accounts and other depository accounts of Escrow Holder, in any state or national bank or savings and lownscoiatio"sumdby UroFudeml Deposih Insumuce Corportolan(0ue•"depuxi4nry insGtulioua")•and•nmy be nuuaferred• to arynthersuulr escrow trust accounts of Escrow Holder or one of its affiliates, either within or outside the State of California. A general escrow trust account is restricted and protected against claims by third parties and creditors of Escrow Holder and its affiliates. Receipt of benefits by Eacrow Holder and affiliates, The parties to this escrow acknowledge that the maintenance of such general escrow trust awounts with some depository institutions may result in Escrow Holder or its affiliates being provided with err array of bank services, accommodations or other benefits by the depository institution, Some m• all of those bonefts may be considered interest due you under California insurance• Code- Section, 1.24135, EserowrHoiderorits-alllliates• also mayolw6 to. enter• lnro atheri>usimoes tmnsactrons widx or, obtain•loans• R>r investment or other purposes from the depository Institution. All such services, accommodations, and other benefits shall acente to Escrow Holder or its affiliates and Escrow Holder shall have an obligation to account to the porkies to this escrow for the value of such services, accommodations, interest or other benefits. Said funds will not coal interest unless the instructions otherwise specifically state that finds shall be deposited in err intemstwbearing acoormt All disbursements shalt be ran& by check of Fidelity National Title Company. The principals to this escrow am hereby notified that the fiords deposited herein are insured only to the limit provided by the Federal Deposit Insurance Corporation. Any instruction for bank wire will provide reasonable dmo eruct w•for&somw FIolder s eomplfarae withsueh•histiltedom Esor'ovrHolderas• solo-dutyamd responsibility, shall- be to place, said who transfer instradons with its wiring hank upon confirmatmr of (1) satisfaction of conditions precedent or (2) document recordation at close of escrow. Escrow Holder will NOT be held responsible for lost interest due to wire delays caused by any bank or the Federal Reserve System, and recommends that all parties make themselves aware of banking regulations with regard to placement of wires. In the event there is insufficient time to place a wire upon any such confirmation or the wires have closed for the day, the parties agree to provide written instructions for an alternative method of disbursement. WITHOUT AN ALTERNATIVE DISBURSEMENT INSTRUCTION, FUNDS WILL BE HELD IN TRUST IN A NON -INTEREST BEARING ACCOUNT UNTIL THE NEXT OPPORTUNITY FOR WIRE PLACEMENT, 2. PRORATIONS AND ADJUS'I'MI+.NTS All prnrations and/or ar(juslo eats called for in this osorow toe to be made mr the basis of a thirty (30) day month unless otherwise instructed in writing. You are to use Information contained on last available tax stutement, rental statement as provided by the Seller, beneficiary's statement and file insurance policy delivered into escrow for the proration provided for hemin. 3. SUPPLEMENTAL TAXES The, within described, property may W subject to supplemental, real- property taxes due to the change orownership takhng piece through this ors previous escrow trunarcthon. Any supplemental real property taxes arising as a result of the transfer of the property to Buyer shall be to sole responsibility of Buyer aul any supplemental real property tuxes mixing prior to the closing date shall be the sole responsibility of the Seller, TAX BILLS OR REFUNDS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYERAND SELLER. 4. UTILITIES/POSSESSION 'Transfer of utilities and possession of the promises are to be settled by the parties directly and outside escrow. 5. PREPARATION ANDRECORDATION 01" INSTRUMENTS Escrow Bolder is authorized to prepare, obtain, record and deliver the necessary instruments to carry out the terms and conditions of this escrow and to order the policy of title insurance to be issued at close of escrow as called for in these instructions. Close of escrow shall mean the date instruments use recorded. 6. AUTHORIZATION TO FURNISH COPIES You are authorized to fbmish copies of these instructions, supplements, amendments, notices of cancellation and closing statements, to the Real Estato Brokor(s) and Lender(s) named in this escrow. (leneml Prov]sions Printed: I/1100D] 12:00AM by JK ET000076 (f)81 Rev. 05/19117) Page 1