This Escrow Agreement printable pdf download

Escrow File Number: ____________________

ESCROW AGREEMENT

(RECEIPT OF EARNEST MONEY)

This

Escrow

Agreement

(the

“Agreement”)

entered

into

and

between

___________________________ Title Company (the “Company”) and the undersigned

Buyer(s) and Seller(s) this _______ day of ______________, 20__, with respect to certain real

property located at __________________________________, County of _______________,

State of Utah (the “Property”).

RECITALS

A. Buyer and Seller have entered into a Real Estate Purchase Contract dated the ______ of

__________, 20__, (the “Contract”) wherein Seller has agreed to sell and Buyer has

agreed to buy the Property.

B. The Company has been requested to perform escrow closing services with respect to the

Contract and to issue a policy or policies of title insurance in connection with this

transaction.

C. The Company has also been asked to hold the earnest money deposit in the amount of

$________(the “Deposit”), which is being delivered to the Company by or for the Buyer

as set forth in the Contract.

NOW THEREFORE, Buyer, Seller, and the Company do hereby agree as follows:

1. The Deposit shall be held and disbursed by the Company in accordance with the Contract

and in accordance with this Agreement. The Company shall rely upon the terms of the

Contract and any and all written amendments thereto. Buyer and Seller shall have the

sole responsibility to provide to the Company any and all written addendums, extensions,

or other modifications to the Contract and to obtain a written acknowledgement from the

Company of receipt of said documents. The Company shall not accept or rely upon any

non-written agreements or instructions or any written documents not signed both by

Buyer and by Seller.

2. Seller and Buyer do hereby hold the employees and officers of both the Company and its

title insurance underwriter (the “Underwriter”) harmless for their reliance upon the

terms and conditions set forth in the Contract and any amendments thereto and for their

reliance upon this Agreement.

3. Buyer and Seller jointly and severally agree to indemnify and defend the Company and

its Underwriter of and from any and all damages, claims, demands, obligations, actions or

liabilities including but not limited to attorney fees and costs arising from or relating to

the performance or nonperformance of Buyer’s obligations or Seller’s obligations under

the Contract or this Agreement.

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This Escrow Agreement

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