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COLE FAMILY THE, LIVING TRUST, WALTER W. COLE JR. AND ANTOINETTE AS TRUSTEE
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COLE FAMILY THE, LIVING TRUST, WALTER W. COLE JR. AND ANTOINETTE AS TRUSTEE
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Last modified
4/23/2021 3:23:44 PM
Creation date
9/30/2013 9:55:22 AM
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Company Name
COLE FAMILY THE, LIVING TRUST, WALTER W. COLE JR. AND ANTOINETTE AS TRUSTEE
Contract #
A-2013-073
Agency
PUBLIC WORKS
Council Approval Date
3/4/2013
Destruction Year
0
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EXHIBIT "B" <br />GENERAL ESCROW PROVISIONS <br />All disbursements shall be made by Escrow's check, or as otherwise agreed and instructed by the parties. <br />All funds received in this escrow shall be deposited in one or more of your general escrow accounts with <br />any bank doing 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 instruments referred to <br />herein are filed for record. All adjustments are to be made on the basis of a 30-day month. Recordation of <br />any instruments delivered through this escrow, if necessary or proper in the issuance of a policy of title <br />insurance called for, is hereby authorized. <br />There shall be no prorations of any existing insurance policies in this escrow. <br />You are to furnish a copy of these instructions, amendments thereto, closing statements and/or any other <br />documents deposited in this escrow to the lender or lenders, the real estate broker or brokers and/or the <br />attorney or attorneys involved in this transaction upon request of such lenders, brokers or attorneys. <br />Should you before or after close of escrow receive or become aware of any conflicting demands or claims <br />with respect to this escrow or the rights of any of the parties hereto, or any money or property deposited <br />herein affected hereby, you shall have the right to discontinue any or all further acts on your part until such <br />conflict is resolved to your satisfaction, and you shall have the further right to commence or defend any <br />action or proceedings for the determination of such conflict. The parties hereto jointly and severally agree <br />to pay all costs, damages, judgments and expenses, including reasonable attorney's fees, suffered or <br />incurred by you in connection with, or arising out of this escrow, including, but without limiting the generality <br />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 />If for any reason funds are retained or remain in escrow, you are to deduct therefrom a reasonable monthly <br />charge as custodian thereof of not less than $10.00 per month. <br />Time is declared to be the essence of these instructions. If you are unable to comply within the time <br />specified herein and such additional time as is required to make an examination of the official records, you <br />will return all documents, money or property to the party entitled thereto upon satisfactory written demand <br />and authorization. Any 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 hereof. <br />These escrow instructions, and amendments hereto, may be executed in one or more counterparts, each <br />of which independently shall have the same effect as if it were the original, and all of which taken together <br />shall constitute one and the same instruction. <br />
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