Escrow Agreement For Option Template printable pdf download

Escrow Agreement For Option Template

Escrow Agreement For Option

THIS ESCROW AGREEMENT made and entered into this

day of

, 20

by and between

hereinafter called "First Party," and

hereinafter called "Second Party," and

hereinafter called the "Escrow Agent."

WHEREAS, First Party entered into a certain Option Agreement (hereinafter "Option") with Second

Party for the sale by First Party and the purchase by Second Party of certain Real Property situate in

the County of

, and State of

, a copy of such Option is attached hereto and

incorporated herein, and

WHEREAS, the proper performance of said Option requires the appointment of an Escrow Agent

to hold certain papers,

NOW THEREFORE, First Party and Second Party hereby appoint Third Party as their Escrow

Agent for the purpose of holding the legal documents hereinafter described upon the terms and

conditions that are contained herein.

1. First Party hereby hands and delivers to said Escrow Agent a duly executed Bill of Sale and

Warranty Deed to the following described Real Property, situate in the County of

and State of

, to-wit:

which Deed conveys said property to Second Party in fee simple.

Second party hereby hands and delivers to Escrow Agent a duly executed Quitclaim Deed to the

same property.

Both First and Second Party hand and deliver to Escrow Agent the original executed Option.

Escrow Agreement For Option Template