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25F - ACQUISITION OF RIGHT OF WAY DYER AND REDHILL
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12/07/2009
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25F - ACQUISITION OF RIGHT OF WAY DYER AND REDHILL
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1/3/2012 4:13:25 PM
Creation date
12/2/2009 3:19:17 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25F
Date
12/7/2009
Destruction Year
2014
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Attachment 3 <br /> GENERAL ESCROW PROVISIONS <br /> <br /> All disbursements shall be made by Escrow's check. All funds received in this escrow <br /> shall be deposited in one or more of your general escrow accounts with any bank doing <br /> 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 <br /> instruments referred to herein are filed for record. All adjustments are to be made on the <br /> basis of a 30-day month. Recordation of any instruments delivered through this escrow, if <br /> necessary or proper in the issuance of a policy of title insurance called for, is hereby <br /> 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 <br /> and/or any other documents deposited in this escrow to the lender or lenders, the real <br /> estate broker or brokers and/or the attorney or attorneys involved in this transaction upon <br /> request of such lenders, brokers or attorneys. <br /> Should you before or after close of escrow receive or become aware of any conflicting <br /> demands or claims with respect to this escrow or the rights of any of the parties hereto, or <br /> any money or property deposited herein affected hereby, you shall have the right to <br /> discontinue any or all further acts on your part until such conflict is resolved to your <br /> satisfaction, and you shall have the further right to commence or defend any action or <br /> proceedings for the determination of such conflict. The parties hereto jointly and severally <br /> agree to pay all costs, damages, judgments and expenses, including reasonable <br /> attorney's fees, suffered or incurred by you in connection with, or arising out of this <br /> escrow, including, but without limiting the generality of the foregoing, a suit in interpleader <br /> brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully <br /> 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 <br /> reasonable monthly 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 <br /> <br /> within the time specified herein and such additional time as is required to make an <br /> examination of the official records, you will return all documents, money or property to the <br /> party entitled thereto upon satisfactory written demand and authorization. Any <br /> 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 <br /> hereof. <br /> <br /> These escrow instructions, and amendments hereto, may be executed in one or more <br /> counterparts, each of which independently shall have the same effect as if it were the <br /> <br /> original, and all of which taken together shall constitute one and the same instruction. <br /> Page 18 of 18 <br /> 25F-20 <br /> <br />
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