Fillable Escrow Agreement printable pdf download

ESCROW AGREEMENT

ESCROW AGREEMENT entered into this _____ day of __________________, among

________________________________ (herein "Surety"), Carmen M. Ortiz, in her

official capacity as United States Attorney for the District of Massachusetts (herein

"United States Attorney"), and Robert M. Farrell, in his official capacity as Clerk of the

United States District Court for the District of Massachusetts (herein "Escrow Agent").

WHEREAS the Surety is desirous of effecting the release of _____________________

(herein "Defendant") in Criminal No. ________________, on the terms and conditions of

bail set forth in an Order Setting Conditions of Release (herein "Bail Order") dated

______________, and entered by the Honorable _____________________________,

United States District Judge/Magistrate Judge, and has agreed to execute a personal

bond in the amount of _______________________________________________ ($

) Dollars (herein "Personal Bond") to secure the Defendant's compliance with

the terms and conditions of the Bail Order.

NOW THEREFORE, in consideration of the mutual covenants and agreements

contained herein, the parties hereto agree as follows:

1. The Surety shall execute a quitclaim deed to the parcel of real property located at

_______________________________________________________________ in favor

of the United States of America, and deliver said deed to the Escrow Agent to be held in

escrow pursuant to the terms of this Agreement.

2. The Surety further agrees to execute any additional documents and take any action

necessary to effectuate the transfer of said parcel of real property and facilitate the sale

of such property in the event that the Defendant is in default of the terms and conditions

of the Bail Order or Personal Bond.

3. The Escrow Agent shall hold the quitclaim deed in escrow under the following terms

and conditions:

A. In the event that the Defendant fails to appear as required at all proceedings

in Criminal No. _____________________ or otherwise violates any condition of bail,

and Defendant is declared to be in default by a judicial officer of the United States

District Court for the District of Massachusetts, then, upon order of the Court, and in lieu

of or in addition to foreclosure proceedings on any mortgage granted by the Surety, the

Escrow Agent shall tender the quitclaim deed to the United States Attorney, and he

shall cause the same to be immediately recorded without notice to the Surety. Any

requirement that foreclosure proceedings be commenced upon any mortgage granted

by the Surety in connection with Criminal No. ______________________ is expressly

waived by the Surety.

Escrow Agreement