RIF40, LLC - Laserfiche WebLink

Home Browse Search

EXHIBIT "B" (Fidelity National Title) GENERAL ESCROW PROVISIONS 1, DKPOSR' OF FONDS l w U" Wimp "IT Me 04hw:sal l of Bands mquires thal all Fund he availuhk or %%khAnwal a, a manor of right by the utic awyQ awn, andhn' ub escuv. ;mcounI prior to dNorse nnanl or any rands. of, ll mire- IIan'reIIal fund, eon be given iIinInedizile ill in oblliIy upon deposit. Cashier's checks. teller's checks and Certified checks may he ambble one busina,s day nner deposit. All other Pmtils such as parsonul. corporate or parota,hip check and OWL am subject in rimmWol'y holding. pa'iocls "hkh nap cause material dolnys in disburson em or fund, in this esov". In order l" avoid cklass. ail liadings should be wire transferred. Outgoinv- wire transfers kill not be authorized until continnatiou of the ro1wetive incoming"AV translk or (11 o uilabili; ordcposited Chars. Deposiul' fiat, into geuerel escrom from account urnk" i imnsial tAmmko You may h n'un liscrum Holdcr to deposit your ftmd, iota an interest barring sa mm by signing and returning the'9 wet" Instruaions - Inlewsl Bearing Accoum", which Ills been providad to you. II you do not so instruct as. Ilion all funds received in AN escrow ;hall be deposited with other "mom funds in one or more general escrow bast aceoums, which include both non -interest belting demand aeco m s and other depositary accomtts or Escrow Holder, in any state or national bank or sinu ings aml loan association insured by the Federal Deposit Insurance Cm D1111ha (the "depository institutions") and My be transferred Al any other such escrow trust itear.nms orFsdrow Piolder or one or its afnfiaws, either within or onside the Slate d (Wilhmia. A general escrow Vol uccomm is restricted and protected against Who by who parties and eraditors of I'Wni" Holder and its allilintes. Koch of benefit by Escamc" Holdcr and allilimes. I he parties m 04 escrow acknowledge that the mainfamnee orsuch load exam" oust accounts wills sonny deposiuuy institutions nosy result in Escrow Holdcr or its affiliates being provided mdi an mray of bank <erkices, aeconunodstions or other benefits by the d¢posiforp instiuninn. Some or all of shwa benefits nay be cmnsiderecl interest clue wu under t.}difbrnia Insurance Code Scamn 12-113.5. Escrow- Holder or its alliliates also may elect to after into ether business transactions with or obtain loan, for imesunemt or oilier purposes li'ann the deposit rinstitution. All such sere Ices. wconunodations. and other balCrIS Shad accrue to Iseroa Flulder or it+ affi etc, and F.scruw I latch' shall here no obogmion to acn onl to the panes fo this escrow for the %aloe of such services. na'onhmudmion.s, interest orothcr banclit,, Said Curds kill tot ciao intrrast unless the in,u'uctiuns otherwise spailicully slaty than flats shall be deposited in an interest -hearing amount.:MI dkburscmans shall be made by check of Fidelity National Tide Company. [Ile paincipak•- ro this csm'ow rev Ineraby outirod that We ltn(Ia deposited heroin are insured only to the limit provided bo the Federal Deposit Insurance Corporation. Any instruction for bunk wire will pruv ide reesonahle lime (itnoticelot F;crow Holder's compliance with such instruction. Escrow Holder's sole duty and mWonsibilin shall k to Irluce said wiro transfer insu rokis with its wiring hmtk upon comhmmjon of (I I a0dacrum okonditions precedent or (2) document recordation at close of escrow FsmIw I ]older grill NOT he held responsible for lost interest due to wire defnys causal by any honk or the Finer it Rexene Sy Nam. and recunnncnds thin .III parties make themsekes aware ofbanking regulations with regard to placement of wires. In the aeons AM is insuRkWER time m place a wile upola any such conrinu mion or the wires have closed For the day. the parro, agree It, provide "linen Also notions Ira' an alternative method or disbursement. wrriIO 1'[ AN ALTERNAfIVI3 DISBIJRSEMLN"IINS I'RtIC'IION. I-UNDS WILT. BE HEWN TRUST IN A NOWNTLRCiST BLARING \CC'(UN'r UN fll,TFIF NEXT OPPORTLNII Y P(')I't WIRL PI VC'G1iI:N I 2. PRORATFOss AND ADJUST AIENT-S All pn4skins andoradjustnhrnis called for in ON escrow are ut be made on Me basis or a thirty (30) 6y month tm Ws mhenOw instmgal in writing. Ybn are bl u,c inlimualion contained on Iasi mailable Is% stamoiall. renal >talancul as pros ided hr the Seller, beneficiary's statement and AN ins urvince policy d0ri e ed into esero" for file proialions pro\ ided it r herein. 3. SUPPLE.)AL N I'AL 1'AXES rho within described propcn; mac he suh,jecl to sopplcnemal real properly tries due to the change or ownashp inking place through this or It previous escrow transaction. r\ny supplanonlal real property taxes arising as a now or the transfer or we proper; W Buyer Anll be Ac sole respon,ibibn of Ituya' and ,my supplemental real property taxes arising prior to the closing date shall be (lie sole nsponsibilily of the Setia, TAX BILLS OR W FL NOS ISM't 1) AFTER CI (NI:OP Lot ROV% SNAI I. BF I IAADLFD DIRECTLY 13FFI WELN If[YLR AND SFL.LLR •1.1 FILI IES11'OSSESSION I -ran,I r of utiliuc, and po,.,c,.inn of the pranises are to ire sculled by !hc parties Jirccfly and outside esavw. 5, PREPARATION AND RE:CORDATION OF INSrFRUNIENTS Escrow Holdcr h mohorized to prepare, obtain. record and deliver Me necessary Asnvinems to carry out the lawns and conditions or ow mao%v and nt order (Ile policy of lisle insurance to he ksuod ;it close of escrow as called for in these instructions. Close or escrow shall Inman Ihe date insu•umans are recorded. I At I HORIZA IIO:N TO FFRNISH COPIL:S You arc nwroriced to arm copies d.hex instruction. suppfemem,. amendmcm4 notices or euneolusm an -.I closing suvanonts. to the Real f:slate Broka(s) and Landar(,d named in this escrow.