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DEUTSCHE BANK NATIONAL TRUST-2008
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DEUTSCHE BANK NATIONAL TRUST-2008
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Last modified
10/21/2013 11:36:42 AM
Creation date
8/28/2008 9:43:24 AM
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Contracts
Company Name
DEUTSCHE BANK NATIONAL TRUST
Contract #
A-2008-245
Agency
PUBLIC WORKS
Council Approval Date
8/18/2008
Destruction Year
0
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<br />exHletT "s.. <br />GENERAL ESCROW PFtCVISIt~NlS <br />AU dlsburaements shall be made by Escrow's check. All tunds reoelved in this e~saraw shall <br />be deposited in one or more of E®crow Agent's general escrow accounts with arty <br />bank doing business in fire State aE Califamia and may be transferred to any other <br />general esaraw account or accounts. The expreeaion "dose of escrow' means the <br />date an which the transferring instrument(s) referred to herein era filed far recordation <br />with the Office of the Orange County Recorder. Ail praratlons shall ba made on the <br />basis of a 30-day month 1 360-day year. Recardatbn of arty instruments depvered <br />through Chia eecraw, ff necessary ar proper in tkte issuance of a pai'scy of title irtsuranoe, Is <br />hereby authorized by the Parties to th+6 transaction, <br />Thera aFtall be no proratione of any existing insurance partciaa In this eSCmw. <br />Escrow Anent is ~ famish a copy of these int;b~uctians, induding arty amendments thereto, <br />closing statements, andior any other dacumertts deposited in this escrow, to the lender <br />ar lenders, the real estate broker yr brokers, andlor the attiorrtey or attorneys involved in this <br />transa~n upon request of such lenders, brokers or attorneys. <br />Should Escrow Agent, before or after Class of escrow, receive ar become aware of <br />any cortitlc~lrtg demands ar claims with respect ro this escrow; or to the rights of any afi the <br />Fettles hereto; or about any money or property depaatwd herein, then Escrow Agent <br />shall have the right to discontinue any or all further acts on Sts part until such cortfllct <br />is resolved to. lt8 satiafactlon, and Escrow Agent 8hatl have the right to commence ar <br />defend any action or prooeedirig foi' the resolution of such t~rrtllcL The Fettles to the <br />escrow jointly and severally agree to pay ell caste, damages, judgments and expenses, <br />including reasonable attorneys fees, auflersd or incurred by Escrow Agent in connection <br />with, or arising out of, thin escrow including, but without limiting the generality of the <br />toregaing, a salt in intetpleader initiated by Escrow Agent In the event Escrow Agent <br />should Elie a suit in interpleadt3r, Escrow Agent shall tae fatly released and discharged <br />from all obligations imposed upon it by this escrow. <br />tt for any reason funds are retained or remain in escrow, Escrow Agent snail be enlitied ba <br />deduct therefrom a reasonable monthly charge of rwt lase than $10.00 pot month as sn <br />administrative fee. <br />Time is of the essence with regard to the execution of these general escrow <br />instructions. H Eea'aw Agent is unable to comply with these instructions within the time <br />specified f~rereln, arts[ fl additional time as is required to malts an examination of fire official <br />records, F~s0rrYw Agen# shall return aN documents, money. or proparttl to the party entRled <br />thereto upon satisfsctary written demand and authorization. Any amendment or <br />supplement to these instructions must be In writing, signed by ail Parties to this <br />transaction. <br />These escrow instructions, and any amendments thsreta, may be executed in one or mare <br />Counterparts, each ct which independently shad have the earns effect as if It ware the <br />original, a3tnd ail of which taken together shall canatitut9 one and the same Inatrvctian. <br />Page 8 of 8 Sailers initials <br />~~~ <br />II 'd ~V: i~ ~OOZ S anti S£95rZb9-VZL: xe~ •1-1.Q2i£ 91J3 - d S 1ti.LI~ <br />
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