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File No. 265429AM
<br />Page. 2
<br />Copies. AmeriTitle, Inc. is authorized to furnish to any attorney, tax advisor, broker, or lender identified
<br />with this transaction, or anyone acting on behalf of such attorney, tax advisor, broker, or lender, any
<br />information concerning this escrow, copies of all instructions, amendments and statements upon request.
<br />Counterpart & Email: These instructions may be signed in counterparts, with like effect as if all
<br />signatures appeared on a single copy. Consent, acceptance or approval required or remitted by any party
<br />hereunder may be given by email and AmeriTitle, Inc. may complete all necessary actions without receipt
<br />of original signed instructions.
<br />Receipt & Disbursement of funds: AmeriTitle, Inc. may at their discretion, receive and/or disburse any
<br />funds in connection with this agreement by electronic wire transfer. If required by any of the parties to
<br />utilize this method of transfer, the requesting party agrees to pay any reasonable fee as assessed by
<br />AmeriTitle, Inc. for this service.
<br />Refunds: Any funds remaining on deposit after closing or refunds received by you will be refunded to the
<br />party whose account was charged. No further instructions will be required by you from either party prior
<br />to the disbursement of any such refund. If for any reason funds are retained or remain in escrow after
<br />closing date, you are to deduct therefrom a reasonable charge as custodian thereof not to exceed Twenty -
<br />Five Dollars ($25.00).
<br />Payoffs tia Releases: Seller and Buyer authorize and instruct AmeriTitle, Inc. upon closing to pay all
<br />liens being released or discharged through this escrow in accordance with the payoff statements or
<br />instructions received by AmeriTitle, Inc. from the lien holders.
<br />Seller and Bu er acknowle4ge the oilowin :
<br />AmeriTitle, Inc. has no liability or responsibility with respect to the following matters: (Unless expressly
<br />authorized by separate written instruction and acknowledged by AmeriTitle, Inc.)
<br />• Compliance with the requirements of the Consumer Credit Protection Act or Interstate Land Sales
<br />Act, or similar laws.
<br />• Compliance with State or Federal law relating to construction liens, homeowners protection act or
<br />lead based paint, seller disclosures, subdivision acts and/or zoning ordinances.
<br />• Compliance with the collection, withholding, reporting or payment of any amounts due under
<br />Section 1445 and 6039C of the Internal Revenue Code or other related statute or regulation of the
<br />Foreign Investment in Real Property Tax Act, commonly referred to as FIRPTA.
<br />• Filing and/or searching for any filed Financing Statements (UCC -1) and/or their release.
<br />• Utilities such as but not limited to water, sewer, waste collection, electricity, fuel inventory will be
<br />handled by the parties outside of this escrow.
<br />• Should this transaction fall under the Housing and Economic Recovery Act (HERA), the parties
<br />represent to AmerMtle, Inc. all review dates have been granted to them by their lender and the
<br />parties acknowledge AmeriTitle, Inc. is not monitoring any compliance dates on their behalf.
<br />Seller and/or Buaer agree to the following;
<br />Continuing Authorization to Close: Seller and Buyer declare that these instructions are a continuing
<br />authorization to close when all of the documents and funds for closing are deposited, unless Seller or
<br />Buyer deposits a written notice to cancel or suspend the authorization to close before this transaction is
<br />considered final. Seller and Buyer declare that time is of essence for these instructions. These
<br />instructions are considered final and cannot be changed by buyer or seller once AmeriTitle, Inc.
<br />holds all necessary executed documents and all collected funds.
<br />Contingencies of Earnest Money Agreement: All terms and provisions of the Earnest Money Agreement
<br />and any amendments or addendums thereto have been complied to with the complete satisfaction of the
<br />parties or will be complied with outside of escrow. These closing escrow instructions are not intended to
<br />amend, modify or supersede the terms and conditions set forth in the Real Estate Purchase and Sale
<br />Agreement and Addendums thereto, if any. Escrow is to be concerned only with the provisions specifically
<br />set forth in these instructions and identified by the Buyer and Seller as conditions to the closing of this
<br />escrow.
<br />Termination of Escrow: AmeriTitle, Inc.'s liability hereunder is limited to its obligations specifically set
<br />forth herein. AmeriTitle, Inc. may terminate this escrow at any time, without notice, or liability.
<br />Documents and monies shall be returned to the parties depositing them.
<br />Conflicting Instructions: In the event any dispute arises between the parties hereto or with any third
<br />person concerning the property, documents, or funds covered by these instructions, AmeriTitle, Inc. may
<br />at its election
<br />(a) hold all matters in their existing status pending resolution of such dispute to AmeriTitle, Inc.'s
<br />satisfaction, or
<br />(b) join or commence a court action and in such action deposit the funds and documents referred to
<br />herein with the court where such action is pending, and ask the court to determine the rights of
<br />purchaser and seller in and to such property, documents and funds, or
<br />(c) resolve by arbitration in accordance with the rules of the American Arbitration Association and any
<br />judgment rendered pursuant to such arbitration may be entered in any court having jurisdiction
<br />thereof.
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