US-02378BG free printable template

Escrow Agreement for Sale of Real Property with regard to Deposit of Earnest Money Agreement made on the date between Name of Buyer of street address city state zip code referred to herein as Buyer referred to herein as Seller and Name of Escrow Agent a corporation organized and existing under the laws of the state of with its principal office located at as Escrow Agent. Whereas Buyer and Seller executed an Agreement the Sales Agreement dated A attached hereto and made a part hereof and Whereas...the Sales Agreement provides for the payment of to Escrow Agent as earnest money to be held and applied by Escrow Agent in accordance with the Sales Agreement and this Agreement. Now therefore for and in consideration of the mutual covenants contained in this hereby acknowledged the parties agree as follows Contemporaneously with Buyer s execution of the Sales Agreement Buyer directs Escrow Agent to hold the earnest money in accordance with the terms of this Agreement. Escrow Agent agrees to...hold administer and disburse the earnest money pursuant to this Agreement. Escrow Agent shall deposit the earnest money in an interest bearing account with a national banking association or other federally insured banking institution with which earnest money shall inure to the benefit of the Buyer. Buyer s federal tax identification number is. On i receipt by Escrow Agent of written notice and certification from either of Seller or Buyer that party as the case may be referred to as the Notifying...Party and the other as the Non-notifying Party to the Escrow Agent and with a copy of this notice to be directed to the Agreement entitle the Notifying Party to receipt of the earnest money from Escrow Agent and ii a failure by Escrow Agent to receive within number days after receipt a written notice and certification from the Non-notifying Party as to nonexistence of the conditions or facts certified by the Notifying Party Escrow Agent shall disburse the earnest money to the Notifying Party. If...Escrow Agent does receive a notice and certificate from the Non-notifying Party referenced in Subparagraph 3 ii then Escrow Agent shall tender the earnest money into the custody of any court of competent jurisdiction in name of county and state together with any legal pleadings as Escrow Agent deems appropriate and then obtain a discharge from all liability under this Agreement. Seller and Buyer consent to the jurisdiction and venue of the court indicated above in all matters relating to the...earnest money or this Agreement. Escrow Agent acknowledges the receipt of the earnest money and Escrow Agent agrees to hold and deliver the earnest money in accordance with the terms and conditions of Escrow Agent s services under this Agreement. Escrow Agent shall be liable only to hold the provisions of this Agreement. It is understood that by acceptance of this Agreement Escrow Agent is only acting in the capacity of a depository and shall not be liable or responsible to anyone for any...damages loss or expense unless caused by the negligence or willful malfeasance of Escrow Agent.