Va Form 26-1849 - Escrow Agreement For Postponed Exterior Onsite Improvements Page 4

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IN WITNESS WHEREOF, the parties hereto have hereunto caused these presents to be executed on their behalf

and their corporate seals affixed the day and year first above written.

Party of the First Part:

Date

(Seller)

Title:

Party of the Second Part:

Date

(Lender)

Title:

Party of the Third Part:

Date

(Agent)

Title:

INSTRUCTIONS

REQUEST FOR INSPECTION - If partial disbursement of escrowed funds is desired, VA or FHA, whichever agency made

the previous inspections, shall be notified when construction of each scheduled item is completed and ready for inspection.

BASIS OF DISBURSEMENT - Escrowed funds may be disbursed on the basis of 90 percent of the amounts set forth for

any scheduled item of the work upon notification by VA that the work in the scheduled item has been acceptably

complete. The amount equal to the withheld 10 percent may be disbursed after the acceptable completion of all the work

and when the other requirements and conditions of the Escrow Agreement are fully met. VA reserves the right to refuse, or

to delay, acceptance of any work which is subject to damage in executing other work by delay in completing such other

work.

PRIVACY ACT NOTICE: These agencies will not disclose information collected on this form to any source other than what has been authorized under the

Privacy Act of 1974 or Title 38, Code of Federal Regulations 1.576 for routine uses (for example: authorized release of information to Congress when

requested for statstical purposes) identified in the VA system of records, 55VA26, Loan Guaranty Home, Condominium and Manufactured Loan Applicant

Records, Specially Adapted Housing Applicant Records, and Vendee Loan Applicant Records - VA, published in the Federal Register. Your obligation to

respond is required in order to process the request for postponed exterior onsite improvements.

RESPONDENT BURDEN: This information is needed to help the veteran purchaser obtain occupancy of a home prior to the completion of exterior on-site

improvements. Title 38, U.S.C., 3710(b)5, authorizes collection of this information. We estimate that you will need an average of 30 minutes to review the

instructions, find the information, and complete this form. VA cannot conduct or sponsor a collection of information unless a valid OMB control number is

displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB control numbers can be located on the

OMB webpage at If desired, you can call 1-800-827-1000 to get information on where

to send comments or suggestions about this form.