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ESCROW - AGREEMENTAGREEMENT MADE THIS OF
TO ESTABLISH AN ESCROW IN ACCOUNT PURSUANT TO THE TERMS AND CONDITIONS OF THE CONTRACT OF SUM THE ESCROW FUND PAID BY THE BUYER AS A DEPOSIT ON ACCOUNT OF WITH AN OFFICE AT: THE ESCROW AGENT TO BE RELEASED UPON CLOSING OR SOONER TERMINATION OF THIS AGREEMENT IN THE EVENT OF A DEFAULT BY THE BUYER THE ESCROW FUND SHALL BE PAID OVER THE SELLER AS LIQUIDATED DEMAGES. IN THE EVENT THAT THIS SALE IS NOT CLOSED FOR ANY OTHERS REASON, THE ESCROW FUND SHALL BE REFUNDED TO BUYER. INTEREST IF ANY EARNED BY THE ESCROW FUND SHALL BE PAID TO THE PARTY SELLER OR BUYER IS ENTITLED TO AND WHO ACTUALLY
DORS RECIVE THE ESCROW FUND. IN THE EVENT IN NO EVENT SHALL THE ESCROW AGENT INCUR ANY LIABILITY OF ANY KIND HERE UNDER FOR ANY ACT DONE OR STEP TAKEN OR OMITED BY HIM OR FO ANY MISTAKE OD FACT OF LAW EXCEPT FOR THE ESCROW AGENTS OWN WLLFUL MISCCONDUCT OF MALFEASANCE. IN WITNESS WHEREOF THE PARTIES HAVE SIGNED THIS AGREEMENT AS THE DATE FIRST ABOVE WRITTEN.
BY: ESCROW AGENT
BY: BUYER
BY: SELLER |