Laserfiche WebLink
<br />.. <br />. , <br /> <br />e <br /> <br />e <br /> <br />EXHIBIT "B" <br />GENERAL ESCROW PROVISIONS <br /> <br />All disbursements shall be made by Escrow's check, electronic funds transfer, or any other <br />manner agreed to in writing by the Parties to this transaction. All funds received in this escrow <br />shall be deposited in one or more of Escrow Agent's general escrow accounts with any bank <br />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 the <br />transferring instrument(s) referred to herein are filed for recordation with the Office of the <br />Orange County Recorder. All prorations shall be made on the basis of a 3D-day month / 360- <br />day year. Recordation of any instruments delivered through this escrow, if necessary or proper <br />in the issuance of a policy of title insurance, is hereby authorized by the Parties to this <br />transaction. <br /> <br />There shall be no prorations of any existing insurance policies in this escrow. <br /> <br />Escrow Agent is to furnish a copy of these instructions, including any amendments thereto, <br />closing statements, and/or any other documents deposited in this escrow, to the lender or <br />lenders, the real estate broker or brokers, and/or the attorney or attorneys involved in this <br />transaction upon request of such lenders, brokers or attorneys. <br /> <br />Should Escrow Agent, before or after close of escrow, receive or become aware of any <br />conflicting demands or claims with respect to this escrow; or to the rights of any of the parties <br />hereto; or about any money or property deposited herein, then Escrow Agent shall have the <br />right to discontinue any or all further acts on its part until such conflict is resolved to its <br />satisfaction, and Escrow Agent shall have the right to commence or defend any action or <br />proceeding for the resolution of such conflict. The Parties to this escrow jointly and severally <br />agree to pay all costs, damages, judgments and expenses, including reasonable attorney's <br />fees, suffered or incurred by Escrow Agent in connection with, or arising out of, this escrow <br />including, but without limiting the generality of the foregoing, a suit in interpleader initiated by <br />Escrow Agent. In the event Escrow Agent should file a suit in interpleader, Escrow Agent shall <br />be fully released and discharged from all obligations imposed upon it by this escrow. <br /> <br />If for any reason funds are retained or remain in escrow, Escrow Agent shall be entitled to <br />deduct therefrom a reasonable monthly charge of not less than $10.00 per month as an <br />administrative fee. <br /> <br />Time is of the essence with regard to the execution of these general escrow instructions. If <br />Escrow Agent is unable to comply with these instructions within the time specified herein, and if <br />additional time as is required to make an examination of the official records, Escrow Agent shall <br />return all documents, money, or property to the party entitled thereto upon satisfactory written <br />demand and authorization. Any amendment or supplement to these instructions must be in <br />writing, signed by all Parties to this transaction. <br /> <br />These escrow instructions, and any amendments thereto, may be executed in one or more <br />counterparts, each of which independently shall have the same effect as if it were the original, <br />and all of which taken together shall constitute one and the same instruction. <br /> <br />Page 7 of7 <br /> <br />Seller's Initials~ f <br />