2020-05-26-minutes-cds-study-session

Home Browse Search

File No. 265429AM Page. 1 A AmA,er�'ttle W Fifth Ave. Ellensburg, WA 98926 (509)925-1477 FAX (509)962-8325 TO: AMERITITLE, INC. ESCROW INSTRUCTIONS ESCROW # 265429AM Seller(s): Brent Minor and Mary Minor Buyer(s): Kittitas County, a political subdivision of the State of Washington and Forterra NW, a Washington nonprofit corporation Legal Description: See Exhibit "A" attached Seiler hereby deposits,. or shall cause to be deposited, the followinwith escrow under these instructions: Deed of Agricultural Conservation Easement from Seller to Buyer (to be recorded); Real Estate Excise Tag Affidavit(s), as applicable; Settlement Statement and/or Closing Statement which has been approved and is incorporated into and made a part of these instructions; Seller authorizes preparation, delivery, release, and recording of documents when AmeriTitle, Inc. holds for the account of the seller the sum as shown on the signed estimated closing statement and further authorizes credits, deductions, and adjustments as set forth on the signed estimated closing statement. Certain items shown on the closing statement are estimates only and the final figures may be adjusted to accommodate enact amounts required at the time of disbursement. Sellers represent to AmeriTitle, Inc. they have read and approved the herein mentioned commitment for title insurance and have not executed any lien documents (such as a deed of trust or mortgage) that are not reflected on the commitment for title insurance. Sellers further acknowledge and will indemnify AmeriTitle, Inc. against any loss should alien be executed by the undersigned and recorded prior to the closing of this transaction. Bummer hereby deposits, or shall cause to be deposited, the following with escrow under these instructions: Certified or Collected funds as required to close; Deed of Agricultural Conservation Easement from Seller to Buyer (original to be recorded); Real Estate Excise Tax Affidavit(s), as applicable; Settlement Statement and/or Closing Statement which has been approved and is incorporated into and made a part of these instructions; Buyer authorizes preparation, delivery, release and recording of documents when AmeriTitle, Inc. is prepared to issue an Owner's Title insurance policy (ALTA 2006) in form in the amount of the sales price insuring the Grantee on the deed deposited by Seller on the property described in the commitment for title insurance: order # 265429AM, report # 3 subject to exceptions # 1 through 46, 49 through 60, 63 through 69 and 71 through 74 and recorded documents as shown above. Unless instructed differently within this file title to the subject property shall be conveyed into the names of Kittitas County, a political subdivision of the state of Washington and Forterra NW, a Washington nonprofit corporation Closing. The expression "Close" or "Close of Escrow" for purposes of this agreement, means the date in which documents referred to herein are filed for record or in the case where there are no filings, when documents have been executed by all parties and funds exchanged. We understand that recording and disbursement may be subject to final review and the approval of the loan package by the lender. Documents may be released to a third party vendor for delivery to the parties and/or lender/broker involved. Under the lender's instruction and at AmeriTitle, Inc.'s discretion, AmeriTitle, Inc. may record the documents in this transaction prior to the receipt of loan funds from the lender. These instructions are considered final and cannot be changed by buyer or seller once AmeriTitle, Inc. holds all necessary executed documents and all collected funds. Hazard Insurance: In all acts in this escrow relating to hazard insurance, including adjustments, if any, AmeriTitle, Inc. shall be fully protected in assuming that each policy is in force and that the necessary premium therefore has been paid. The parties are to secure coverage outside of this escrow to protect their interest(s) as they may appear.