FOSTER, ROBERT&OLGA-2004 - Laserfiche WebLink

Home Browse Search

EXHIBIT "B" GENERAL ESCROW PROVISIONS AU disbursements shaU be made by Escrow's check. AU funds received in this escrow shall be deposited in one or more of your general escrow accounts with any bank doing business in the State of California and may be transferred to any other general escrow account or accounts. The expression "close of escrow" means the date on which instruments referred to herein are filed for record. AU adjustments are to be made on the basis of a 30- day month. Recordation of any instruments delivered through this escrow, if necessary or proper in the issuance of a policy of title insurance caUed for, is hereby authorized. There shaU be no prorations of any existing insurance policies in this escrow. You are to furnish a copy of these instructions, amendments thereto, closing statements and/or any other documents deposited in this escrow to the lender or lenders, the real estate broker or brokers and/or the attorney or attorneys involved in this transaction upon request of such lenders, brokers or attorneys. Should you before or after close of escrow receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of any of the parties hereto, or any money or property deposited herein affected hereby, you shaU have the right to discontinue any or aU further acts on your part until such conflict is resolved to your satisfaction, and you shaU have the further right to commence or defend any action or proceedings for the determination of such conflict. The parties hereto jointly and severally agree to pay all costs, damages, judgments and expenses, including reasonable attorney's fees, suffered or incurred by you in connection with, or arising out of this escrow, including, but without limiting the generality of the foregoing, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shaU ipso facto be fuUy released and discharged trom aU obligations imposed upon you in this escrow. If for any reason funds are retained or remain in escrow, you are to deduct theretrom a reasonable monthly charge as custodian thereof of not less than $ I 0.00 per month. Time is declared to be the essence of these instructions. If you are unable to comply within the time specified herein and such additional time as is required to make an examination of the official records, you wiU return aH documents, money or property to the party entitled thereto upon satisfactory written demand and authorization. Any amendment of and/or supplement to any instructions must be in writing. The seUer agrees to seU and the buyer agrees to buy the property herein described upon the terms hereof . These escrow instructions, and amendments hereto, may be executed in one or more counterparts, each of which independently shaU have the same effect as if it were the original, and aU of which taken together shaU constitute one and the same instruction. 7