IN-N-OUT BURGERS (2) - 2017 - Laserfiche WebLink

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EXHIBIT "B" ESCROW HOLDERS GENERAL PROVISIONS 1. All funds received in this escrow shall be deposited in a separate escrow fund account or accounts of Commonwealth Land Title Company (for the benefit of the parties hereto) with one or more state or national banks duly qualified to do business in the State of California, so that each such account shall be fully insured at all times by the Federal Deposit Insurance Corporation, to the maximum extent permitted by law. All disbursements shall be made by check of Commonwealth Land Title Company. 2. Escrow Holder is authorized to prepare, obtain, record and deliver the necessary instruments to carry out the terms and conditions of this escrow and to order to be issued at close of escrow the policy of title insurance as called for in these instructions. "Close of Escrow" shall mean the date instruments are recorded, unless otherwise specified by the parties. 3. All adjustments and prorations shall be made on the basis of a 365 -day year and the actual number of days in the month in which the close of escrow occurs. 4. If applicable, Escrow Holder is instructed to assign any fire and casualty insurance policy delivered to you and to secure any endorsements required in the performance of these instructions. Escrow Holder may assume that said policy is in full force and effect and that all premiums due have been paid. 5. Escrow Holder shall have no responsibility of notifying any of the parties to this escrow of any sale, resale, loan, exchange or other transaction involving any property herein described or of any profit realized by any person, firm or corporation in connection therewith, regardless of the fact that such transaction(s) may be handled by you in this escrow or in another escrow. 6. No notice, demand or change of instruction shall be of any effect in this escrow unless given in writing by all parties affected thereby and except as otherwise specifically provided in the Agreement to which these General Provisions are attached. 7. If the conditions of this escrow have not been complied with at the time herein provided, Escrow Holder is nevertheless to complete the same as soon as the conditions (except as to time) have been complied with, unless any party hereto has made written demand upon you for the return of money and instruments deposited by it. 8. Unless the Agreement otherwise provides or unless otherwise instructed by either Buyer or Seller, Escrow Holder is authorized to furnish copies of these instructions, any supplements or amendments thereto, notices of cancellation and closing statements to the attorneys, real estate broker(s) and lender(s), if any, named in this escrow. 17