Fill and Sign the Escrow Agreement Sales11 Form

ESCROW AGREEMENT SALES11 1. The Parties:SELLER__________________________________ BUYER___________________________________ Address___________________________________ Address_____________________________________________________________________________ __________________________________________City/County/State/Zip City/County/State/ZipEscrow Agent______________________________________________Address_____________________________________________________________________________________________________________City/County/State/Zip 2. P urp o se o f A gre em en t. S im ulta n eo usly w ith th e m ak in g o f th is A gre em en t, S elle r a n d P urc h ase r h av e e n te re d into a c o ntr a ct ( th e C ontr a ct) b y w hic h S elle r w ill s e ll t o P urc h ase r t h e f o llo w in g p ro perty : T he c lo sin g w ill ta k e p la ce o n _ ________________, a t _ _____________ _ _.m ., a t th e o ffic es o f E sc ro w A gen t o r at s u ch o th er tim e a n d p la c e a s S elle r a n d P urc h ase r m ay jo in tly d esig nate in w ritin g. P urs u an t to th e C ontr a ct, Pu rc h ase r m ust d ep osit $ __ __________________ a s a d ow n p ay m en t t o b e h eld i n e sc ro w b y E sc ro w A gen t.3 . D ep osit o f E sc ro w a n d A ck now le d gm en t o f R eceip t. T he d ow n p ay m en t r e fe rre d t o h ere in ab ove h as b een p aid by P urc h ase r to E sc ro w A gen t. E sc ro w A gen t a ck now le d ges r e ceip t th ere o f f ro m P urc h ase r b y c h eck , s u bje ct to colle ctio n.4 . E sc ro w A gen t's D utie s U pon C lo sin g o f S ale . I f t h e c lo sin g t a k es p la ce u nder t h e C ontr a ct, E sc ro w A gen t a t t h e tim e o f c lo sin g s h all p ay t h e a m ount d ep osite d w ith h im t o S elle r o r i n a cco rd an ce w ith S elle r's w ritte n i n str u ctio ns. Es c ro w A gen t s h all m ak e s im ulta n eo us t r a n sfe r o f th e s a id p ro perty t o t h e P urc h ase r.5 . E sc ro w A gen t's D utie s I f S ale D oes N ot C lo se . I f n o c lo sin g t a k es p la ce u nder t h e C ontr a ct, E sc ro w A gen t s h all co ntin ue to h o ld th e a m oun t d ep osite d w ith h im u ntil h e r e ceiv es w ritte n a u th oriz atio n f o r its d is p ositio n s ig ned b y both P urc h ase r a n d S elle r. If th ere is a n y d is p ute a s to w hom E sc ro w A gen t is to d eliv er th e a m ount d ep osite d , Es c ro w A gen t sh all h old th e su m u ntil th e p artie s' rig hts are fin ally d ete rm in ed in an ap pro pria te actio n o r pr o ceed in g o r u ntil a c o urt o rd ers E sc ro w A gen t to d ep osit th e d ow n p ay m en t w ith it. If E sc ro w A gen t d oes n ot re ceiv e a p ro per w ritte n a u th oriz atio n f ro m S elle r a n d P urc h ase r, o r i f a n a ctio n o r p ro ceed in g t o d ete rm in e S elle r's an d P urc h ase r's r ig hts i s n ot b eg un o r d ilig en tly p ro se cu te d , E sc ro w A gen t i s u nder n o o blig atio n t o b rin g a n a ctio n or p ro ceed in g t o d ep osit t h e s u m h eld b y h im i n c o urt, b ut m ay c o ntin ue t o h old t h e d ep osit.6 . E sc ro w A gen t's L ia b ility . E sc ro w A gen t a ssu m es n o lia b ility e x cep t th at o f a s ta k e h old er. E sc ro w A gen t's du tie s a re p ure ly m in is te ria l a n d a re lim ite d to th ose s p ecif ic ally s e t o ut in th is A gre em en t. E sc ro w A gen t s h all in cu r n o l ia b ility t o a n yone e x cep t f o r w illf u l m is c o nduct o r g ro ss n eg lig en ce s o l o ng a s E sc ro w A gen t a cts i n g ood faith . S elle r a n d P urc h ase r r e le ase E sc ro w A gen t f ro m a n y a ct d one o r o m itte d i n g ood f a ith i n t h e p erfo rm an ce o f Es c ro w A gen t's d utie s.7 . E sc ro w A gen t's C om pen sa tio n. A s f u ll c o m pen sa tio n f o r E sc ro w A gen t's s e rv ic es, E sc ro w A gen t s h all b e p aid th e su m o f $ ____________ _______, to geth er w ith an y u nre im burs e d co sts an d ex pen se s in cu rre d b y h im in carry in g o ut h is d utie s. T hese s u m s s h all b eco m e d ue w hen E sc ro w A gen t f u lly d is c h arg es h is d utie s a n d m ay b e de d ucte d f ro m t h e a m ount d ep osite d w ith E sc ro w A gen t b efo re d eliv ery o f t h e d ep osit i n a cco rd an ce w ith t h e t e rm s of t h is A gre em en t._ _ _____ _______________ ________________________ _ ______________________S E LLER D ate_ _ _____ _______________ ________________________ _ ______________________P U RCH ASE R D ate_ _ _____ _______________ ________________________ _ ______________________E SC RO W A G EN T D ate