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AGREEMENT OF PURCHASE AND SALE AND MUTUAL ESCROW INSTRUCTIONS (Title Company Escrow No. )This Agreement of Purchase and Sale and Mutual Escrow Instructions (Agreement) is dated as of the h day of,
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Mutual escrow instructions are a legal document outlining the terms and conditions of an escrow arrangement where both parties agree to deposit funds or assets into a third-party escrow account until a specified condition is met.
Both parties involved in the transaction are required to file mutual escrow instructions to ensure that the escrow agreement is properly documented and executed.
Mutual escrow instructions can be filled out by clearly stating the terms and conditions of the escrow arrangement, including the amount of funds or assets to be deposited, the conditions for release, and the responsibilities of each party.
The purpose of mutual escrow instructions is to provide a secure and neutral way to facilitate transactions between parties by ensuring that funds or assets are safely held until the specified condition is met.
Mutual escrow instructions must include the names and contact information of the parties involved, the amount or description of the funds or assets to be held in escrow, the conditions for release, and any additional terms agreed upon by the parties.
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