Laserfiche WebLink
<br />Attachment 3 <br /> <br />GENERAL ESCROW PROVISIONS <br /> <br />All disbursements shall be made by Escrow's check. All funds received in this escrow <br />shall be deposited in one or more of your general escrow accounts with any bank doing <br />business in the State of California and may be transferred to any other general escrow <br />account or accounts. The expression "close of escrow" means the date on which <br />instruments referred to herein are filed for record. All adjustments are to be made on the <br />basis of a 3D-day month. Recordation of any instruments delivered through this escrow, if <br />necessary or proper in the issuance of a policy of title insurance called for, is hereby <br />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 <br />and/or any other documents deposited in this escrow to the lender or lenders, the real <br />estate broker or brokers and/or the attorney or attorneys involved in this transaction upon <br />request of such lenders, brokers or attorneys. <br /> <br />Should you before or after close of escrow receive or become aware of any conflicting <br />demands or claims with respect to this escrow or the rights of any of the parties hereto, or <br />any money or property deposited herein affected hereby, you shall have the right to <br />discontinue any or all further acts on your part until such conflict is resolved to your <br />satisfaction, and you shall have the further right to commence or defend any action or <br />proceedings for the determination of such conflict. The parties hereto jointly and severally <br />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 <br />escrow, including, but without limiting the generality of the foregoing, a suit in interpleader <br />brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully <br />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 <br />reasonable monthly charge as 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 <br />within the time specified herein and such additional time as is required to make an <br />examination of the official records, you will return all documents, money or property to the <br />party entitled thereto upon satisfactory written demand and authorization. Any <br />amendment of and/or supplement to any instructions must be in writing. The seller <br />agrees to sell and the buyer agrees to buy the property herein described upon the terms <br />hereof. <br /> <br />These escrow instructions, and amendments hereto, may be executed in one or more <br />counterparts, each of which independently shall have the same effect as if it were the <br />original, and all of which taken together shall constitute one and the same instruction. <br /> <br />Page 18 of 18 <br />