Laserfiche WebLink
EXHIBIT "C" (Commonwealth Land Title Company) <br />GENERAL ESCROW PROVISIONS <br />All disbursements shall be made by Escrow's check, All funds received in this escrow shall be deposited in <br />one or more of your general escrow accounts with any bank doing business in the State of California and <br />may be transferred to any other general escrow account or accounts. The expression "close of escrow" <br />means the date on which instruments referred to herein are filed for record. All adjustments are to be made <br />on the basis of a 30 -day month, Recordation of any instruments delivered through this escrow, if necessary <br />or proper in the issuance of a policy of title insurance called for, is hereby authorized. <br />There shall be no proration 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 to <br />pay all costs, damages, judgments and expenses, including reasonable attorney's fees, suffered or incurred <br />by you in connection with, or arising out of this escrow, including, but without limiting the generality of the <br />foregoing, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shall ipso <br />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 andlor 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 of <br />which independently shall have the same effect as if it were the original, and all of which taken together shall <br />constitute one and the same instruction. <br />25E -23 <br />