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7. RIGHT OF CANCELLATION
<br />Any principal instructing you to cancel this escrow shall file notice of cancellation in your office in writing. You shall, within two (2) working days
<br />thereafter, deliver, one copy of such notice to each of the other principals at the addresses stated in this escrow. UNLESS
<br />WRITTEN OBJECTION TO CANCELLATION IS FILED IN YOUR OFFICE BY A PRINCIPAL. WITHIN TEN (10) DAYS AFTER DATE OF
<br />SUCH DELIVERY, YOU ARE AUTHORIZED TO COMPLY WITH SUCH NOTICE AND DEMAND PAYMENT OF YOUR
<br />CANCELLATION CHARGES. If written objection is filed, you are authorized to hold all money and instrruncnts in this escrow and take no
<br />further action until otherwise directed, either by the principals' mutual written instructions, or by final order of a court of connpotent jurisdiction.
<br />8. PERSONAL PROPERTY
<br />T~10-examination- or-insnuauce-as-to the-amountor•payment;ofpersonal-propertytaxes-is required -unless -specifically requested.
<br />By signing these General Provisions, the parties to the escrow hereby acknowledge that they are indemnifying the Escrow Holder against any and
<br />all nnatters relating to any "Bulk Sales" requirements, and instruct Escrow Agent to proceed with the closing of escrow without any consideration of
<br />matter of any nature whatsoever regarding 'Bulk Sales" being handled through escrow.
<br />9. RIGHT OF RESIGNATION
<br />Escrow Holder-lias the-rightto resign upon- written -notice delivercclto the principals•lrer•ein. If such -right is exercised; all, funds -and documents -shall`
<br />be returned to the party who deposited them and Escrow Holder shall have no liability hereunder.
<br />10. AUTHORIZATION TO EXECUTE ASSIGNMENT OF HAZARD INSURANCE POLICIES
<br />Either Buyer, Seller and/or Lender may Lund you the insurance agent's nine and insurance policy infon-nation, and you are to execute, on bebalf of
<br />the principals hereto, form assignments of interest in any insurance policy (other than title insurance) called for in this escrow, forward assignment
<br />and policy to the insurance agent, requesting that the insurer consent to such transfer and/or attach a loss payable clause and/or such other
<br />endorsennents•as-maybe-rcquimd, and- forward -such policy(s)•to- the -principals entitlyd,dinrclo. It -is not-yourar'esponsibility to- verify- ihe-infornalicrn•
<br />handed you or the assignability of said insurance. Your sole duty is to forward said request to insurance agent at close of escrow.
<br />Further, there shall be no responsibility upon the part of Escrow Holder to renew hazard insurance policy(s) upon expiration or otherwise keep it in
<br />force either during or subsequent to the close of escrow. Cancellation of any existing hazard insurance policies is to be handled directly by the
<br />principals, and outside of escrow.
<br />IF. ACTION-ININTERPLEADEF
<br />'The principals hereto expressly agree that you, as Escrow Holder, have the absolute right at your election to file an action in interpleader requiring
<br />the principals to answer and litigate their several claims and rights among themselves and you are authorized to deposit with the clerk of the court
<br />all documents and funds held in this escrow. In the event such action is filed, the principals jointly and severally agree to pay your cancellation
<br />charges and costs, expenses and reasonable attorney's fees which you are required to expend or incur in such interpleader action, the amount
<br />thereof to be fixed and judgment therefore to be rendered by the court. Upon the filing of such action, you shall thereupon be fully released and
<br />discharged from all obligations imposed by the terms of this escrow or otherwise.
<br />12. TERMINATION OF AGENCY OBLIGATION
<br />If there is no action taken on this escrow within six (6) months after the "time limit date" as set forth in the escrow instructions or written extension
<br />thereof, your agency obligation shall terminate at your option and all documents, monies or other items held by you shall be returned to the parties
<br />depositing same. In the event of cancellation of this escrow, whether it be at the request of any of the principals or otherwise, the fees and charges
<br />due Fidelity National Title Company, including expenditures incurred and/or authorized shall be borne equally by the parties hereto (unless
<br />otherwise agreed to specifically).
<br />13. CONFLICTING INSTRUCTIONS
<br />Upon reecipt of any conflicting instructions, you are to take no action in connection with this escrow until non -conflicting instructions are received
<br />from all of the principals to this escrow (subject to sections 7, 9, 11 and 12 above).
<br />14, DELIVERYIRECI IPT
<br />Delivery to principals as used in these instructions unless otherwise stated herein is to be by hand in person to the principal, regular mail, email or
<br />fax to any of the contact information provided in these instructions. If delivered by regular mail receipt is determined to be 72 hours after such
<br />mailing: All, doctunents; balances and, statements due to- the undersign& may be delivered, to the contact- information shown- hereim All- notices,
<br />change of instructions., communications and documents are to be delivered in writing to the office of Fidelity National Title Company as set forth
<br />herein,
<br />1.5. STATIJIFEDERAL CODE NOTIFICATIONS
<br />According to Federal Law, the Seller, when applicable, will be required to complete a sales activity report that will be utilized to generate a 1099
<br />statement to the Internal Revenue Service.
<br />Ganmal Provisions Printcd: 1/1/0001 12:00 AM by JK
<br />F,1000076 (D31 Rev. 05/19/17) Page 2
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