Escrow Agreement (Page 2 of 2) in pdf

As per the Real Estate Contract, the Buyer has deposited with the above listed Escrow Agent a

down payment in the amount of:

$_____________________________________

At the closing, the Escrow Agent will pay the amount that is deposited to the Seller or in

accordance with the Seller’s instructions. At which time the Escrow Agent will make the

necessary transfer of title to the said property to the Buyer.

If there is no closing according to the Real Estate Contract. The Escrow Agent will withhold all

money that was deposited until he or she receives written instructions that are signed by both

the Buyer and Seller regarding the handling of all deposited funds. If the Escrow Agent does not

receive the proper instructions signed by both parties the Agent may either bring action or

proceedings to determine the correct handling of the deposited funds or the Agent may

continue to hold the deposited funds until further notice. The Agent is hereby under no

obligation to bring action or proceeding to determine the handling of deposited funds.

The Escrow Agent hereby assumes only the liability of stakeholder. The Agent shall incur no

liability whatsoever to anyone except for acts in bad faith and willful misconduct or gross

negligence. All parties excuse and hereby release the Escrow Agent for all acts done or omitted

in good faith.

Applicable Law

This contract shall be governed by the laws of the State of __________ in __________

County and any applicable Federal Law.

__________________________________________________________

Date____________

Buyer Signature

_____________________________________________________________________Date____________

Seller Signature

_____________________________________________________________________Date____________

Escrow Agent Signature

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Escrow Agreement Page 2