Construction Loan Escrow Agreement Template (Page 4 of 5) in pdf

Construction Loan Escrow Agreement Template Page 4

General Contractor:

The undersigned acknowledges that he/she is neither a party to the Construction Loan Escrow Agreement, nor

does that agreement confer any benefits, rights, privileges, actions or remedies to any person, partnership, firm

or corporation other than First American Title Insurance Company,

(Lender), and

(Owner/Borrower), under a third party beneficiary theory or otherwise under any

theory of law.

The undersigned agrees that the improvements referred to in the escrow agreement will be constructed and completed in

strict accordance with the plans and specifications and the building contract. The undersigned also concurs in the above

escrow instructions signed by the Owner/Borrower and the Lender or their representatives.

_____________________________________________

For the General Contractor

Construction Loan Escrow Agreement Template Page 4