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HUNTER, C & B & ORGERON, F&B-2005
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HUNTER, C & B & ORGERON, F&B-2005
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Last modified
1/3/2012 2:57:33 PM
Creation date
9/7/2005 11:59:55 AM
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Contracts
Company Name
Creighton D. & Betty A. Hunter & Fred & Brenda Orgeron
Contract #
A-2005-203
Agency
Public Works
Council Approval Date
8/15/2005
Expiration Date
9/15/2005
Destruction Year
2010
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<br />Exhibit "A" <br /> <br />GENERAL ESCROW PROVISIONS <br /> <br />All disbursements shall be made by Escrow's check. All funds received in this escrow shall be deposited in one or more of <br />your general escrow accounts with any bank doing business in the State of California and may be transferred to any other <br />general escrow account or accounts. The expression "close of escrow" means the date on which instruments referred to <br />herein are filed for record. All adjustments are to be made on the basis of a 3D-day month. Recordation of any <br />instruments delivered through this escrow, If necessary or proper in the issuance of a policy of title insurance called for, is <br />hereby authorized. <br /> <br />There shall be no prorations of any existing insurance policies in this escrow. <br /> <br />You are to furnish a copy of these instructions, amendments thereto, closing statements and/or any other documents <br />deposited in this escrow to the lender or lenders, the real estate broker or brokers and/or the attorney or attorneys involved <br />in this transaction upon request of such lenders, brokers or attorneys. <br /> <br />Should you before or after close of escrow receive or become aware of any conflicting demands or claims with respect to <br />this escrow or the rights of any of the parties hereto, or any money or property deposited herein affected hereby, you shall <br />have the right to discontinue any or all further acts on your part until such conflict is resolved to your satisfaction, and you <br />shall have the further right to commence or defend any action or proceedings for the determination of such conflict. The <br />parties hereto jointly and severally agree to pay all costs, damages, judgments and expenses, including reasonable <br />attorney's fees, suffered or incurred by you in connection with, or arising out of this escrow, including, but without limiting <br />the generality of the foregoing, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shall <br />ipso facto be fully released and discharged from all obligations imposed upon you in this escrow. <br /> <br />If for any reason funds are retained or remain in escrow, you are to deduct therefrom a reasonable monthly charge as <br />custodian thereof of not less than $10.00 per month. <br /> <br />Time is declared to be the essence of these instructions. If you are unable to comply within the time specified herein and <br />such additional time as is required to make an examination of the official records, you will return all documents, money or <br />property to the party entitled thereto upon satisfactory written demand and authorization. Any amendment of and/or <br />supplement to any instructions must be in writing. The Vendor agrees to sell and the Vendee agrees to buy the property <br />herein described upon the terms hereof. <br /> <br />These escrow instructions, and amendments hereto, may be executed in one or more counterparts, each of which <br />independently shall have the same effect as if it were the original, and all of which taken together shall constitute one and <br />the same instruction. <br /> <br />10 <br />
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