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General l'n.n l'.'>ll>ll Pr in1~d I I 000 I I ~ 00 ,\\I h~ 11-- <br />FIOOOln, tD'>I R,., o~ 19 J 7> Pagi: I <br />7. R I Gl lT OFCANCE LUTI ON <br />A ll) pri ncipal instruc tin g ) ou to ca ncel thi s escrow shall Ille notice of ca11ce llatio11 in y our orllcc.: in writing. You sha ll. 11 ithi11 two (2) worJ,.ing days <br />therc:allc r. ckl i vc.:r. one cop:-o f such not i ce to eac h of the other pri nci pa 1, at the addresses stat ed in th is ;;sc roll'. UN LESS <br />\\'RI ITEN Oll.11-CTION TO CA CELLATI ON I S FIL E D I~ Y OUR OFFI CE llY r\ PRI N CIPAL \\'J JI ll N Tl:.\' ( 10) DAY ~ .\J "J lR D.\ 11 OF <br />SUC H DELI VERY. YO U ;\R E AUTHOR I ZED TO COIVIPLY W JTll SUCH OTICE AN D DE1\l.A, D P A Y 1\ll:. T 01 YO U R <br />C/\1'CI· LLATI O C llARGES. If written objection is filed. you are au thorized to hold all money and instrumen t s in thi s e;cro11 and ta k e no <br />further ac tion unt i I otherwise directed. either by the principals' mutual \\Titten instruct i ons. or by final ord er of a cou rt of competent jurisclic11on. <br />8. PER SONA L PRO PERl Y <br />No e\C1 111 inati n n or insurnncc.: n~ to lhe am o un t ur pa) mcnt of perso nal proper!) ta\c-; i' requ ired unlc~~ -;p..:vilit:a l h r..:q uc stecl. <br />l3) ~i g111 11g th t:se· (ic111:ral P ll" isions. th o.: pan ic~ t o the e ~..:ro" hc.:n:b) acl,.n(lll kdg c.: th at thc.:1 arc.: i11dc11111il) ing 11 11: J.,cro11 I lold.:r agai n~t ,111) uncl <br />a l l m att..:r s rdating t o any "llulk Saks" requ irem cnts. and inst ruct Escro11 Agent to proceed 11 nh th e closing of escro11 11 ithout an) considcr•1li o n of <br />matter o f an) nat ure 11 hat,oc.:1·er r egarding "Bulk Sa le s" being handled t hrough esi.:ro". <br />9. RIGllT OF 1u :s 1G:"IA 'l I O:"I <br />Esc rn 11 I l okkr h;,, th<: 1 igl11 tu re,ign upon 11 riucn notice dcl i vl!r..:d to tli<.' principals herein. If suc h right i s t:.'\ercist'd. al l fun ds and dot.:urne 1m ~hall <br />be r..:tu rne d to th ,· part) 11h(1 d..:positccl tlw111and 1:sc ro11 I l o lder sha ll ha1c no lia h ilrt ~ hereumkr. <br />10 . A L rt-I OR I ZA TI ON T O EXECUT E ASS I GN M EN T OF HAZA RD I NSU RA N C E POLI C I ES <br />Either 11uyer. Sell er and/or L c.:ncler may hand )OU the insurance agcnt's na me and insurance poli cy in formation. and )OU arc to e\ecute. on hch a lfof <br />the pri nc ipal s heret o. form assig nments of int erest in any insurance policy (ot her than title insurance) ca lled for in this escrow, forward assig nment <br />and policy to th c insurance agent. requesting that th e insurer conse nt t o such transfer and/or attac h a l oss payable clause and/or such o ther <br />en cl ors,·ments as ma) be req uired . and forward suc h policy(s) t o the prin cipa l s entit led thereto. It i s not) our re sponsibilit) to vcri f) the in li>rma t ion <br />hanckd y ou o r th <.' assignabi lit) o f said insurance. Your sole duty is to fornarcl sa id req uest to insurance agent at c lose o fesc ro11 . <br />Furthe r. t here sha l l bi;: no rc·sp onsibiliry upon tht: part of I scroll' I lo Icier 10 n:nc11 ha1a rd insurance poli cy(s ) upon e.'\pin11 ion or othcrll'ise i-c·ep it in <br />force ei ther during o r subs..:q ucnt to the c l ose of esc ro". Ca ncel lat i on o f an y t.:\isting hazard insurance po lic i es is to be han d led din:cth b) the <br />principals. and outside of es cro11. <br />11. ACT I 0:'-1 l t\' I NTERPl.EA D E R <br />fhc principals hc.:reto C\prc,sl ) agree th at ) ou. as J-:sc ro" Holder. ha1·,· the ah. olutc.: r i gh t at ) our ekction 10 lile an ac ti on in interpleader rl'l]tnring <br />the pri m:ipal s to ;111"1 c.:r an d litigat e the ir s.:1 i.:ral c l a ims and r ights a1111>n).! th cm~l·h <'' and ) o u rn\: au th o ri1ed to depo,it ll'ith t h.: dl!rk or t he rnu rt <br />all dornmcnts and fund s held i n this cscro11 . In the >::1cnt suc h ac tion ., lilcd. t h,· pr incipab joint !) and se 1cral l) agn:e to pa) )Our ..:an,..:11.nion <br />..:harge' ancl <.'ost s. C'\p..:n sc·, nnd reasonable :lllllrney's kc, 11 hich ) ou .ir.: req u ired to e;..pe nd or inctll' i n such interplcackr ac tio n. th,· <t1 11ou nt <br />ther col to b..: li:\cd and j ud µmcn t therefore to be.: rendered h) th<: court. U pon the· Ii ling of such action. )OU shall thereupon b e fu l l) reka,ed and <br />discharg ed from a ll obl igations imposed h> the term s or th is esc row or o th erwi se. <br />12. T£f{l\1 1NATION OF AGENC Y OB LI G A T I ON <br />Jrth..:rc· is no act il>n take n 011 t his escro11 11·i th i11 six (6) months alier th e "time limit el ate" as set lorth in thc escro11 instruct i ons or "riuen <.'\tension <br />t hcreol. v our agi.:11C ) obliga1 i on shall term inate.: at) our option an cl a ll documents. monies or other i tem s held b) > 1H1 $hall be returned to th..: parties <br />depo>i t ng samt: In the e1e111 of can ce llat i on of thi s escroll'. \\hethcr it he at the re qu es t of an) of th e princ i pals or o ther11 i se. the.: l'o:es an d <:harg>::s <br />due I i ,l dit~ N<1tional rit lc C ompany. inc l uding expe nd it ures inc urr..:d and /or aut horized sha ll be bornc cquall:-b> th e parties her..:tn (u nless <br />o tht:rn 1,c ag reed to speo.:i lically). <br />13 . CO:"I F LI C T I NG I NSTRUCTIONS <br />Upon rece ipt or any c o nllic ting i nstructions, you are to take no action in connection w i t h this escrow until non-conflicting i nstructions nr..: rece i\ ed <br />fr om all o f the principal s to thi s esc row (subject to sec tions 7. 9. I I and 12 ab ovl.'). <br />14 . OE.Ll\'£R ' /RECE I P'I <br />D..:li1e 11 to prini.:ipals a-; u,,e·d in the se in,truction s unkss 1>1hern 1,>:: sta tc.:d herein 1s to bi; b) han d in p..:rson to the· princi pal. re g ula r ma il. ,·111 .i i l or <br />fa .\ to .1 11) or t he <:ontact i n li>nnation pro1 icl ccl in th ese instructi ons. II d..:li vcn.:d h) r<:g ulnr mail rt:ceipt i s dctt'r1111ned to be 72 hours a l te r -;u1,;h <br />mail in).!. All clorn1nc nts. ba lance s and statemen t s clue to the unders igned may b<: th.:livered to the co ntact i nformation sho11 n h..:rei n . All notices, <br />change ol' i nst ru et1 on s . ..:o m111unications and documents are to be delivered in writ i ng to t he office or Fid el it y Na ti o n a l T i t l e Co m p n n y a, ,t:t 1·onh <br />herein. <br />I 5. ST\ T £/FEDEl{A L ( 0 DE. 'OT I FI CA rl Ol\S <br />.\cwn lllg 1,11-nf -ral 1 .. 1\\. th e Sl.'ller. 11 hc.:n .1pplit.:ab le. 11 111 bl! rcquir,·,, to compktl' a sale> acti1it) r..:port that 11ill be utilizt:d to gene ral<.' a 1099 <br />,t;11emcnt Ill the.: Ii tl.'rnal Re·1 ,·nue Scn i ei.:. <br />Ge neral Pro11 sio1h <br />E10000 76(D SI lb 05 /19117) Page 2 <br />Pr i nted : 1/1/000 1 12 00 AM b) .II-.