Common use of Escrow Closing Clause in Contracts

Escrow Closing. At the election of either party and upon notice to the --------------- other party not less than 5 days prior to the date of closing, this sale shall be closed through an escrow with Chicago Title and Trust Company in accordance with the general provisions of the usual form of Deed and Money Escrow Agreement then in use by Chicago Title and Trust Company, with such special provisions inserted in the escrow as may be required to conform with this contract. The cost of the escrow shall be paid by the Seller. Upon satisfaction or waiver of the contingencies contained in Paragraph 20 and 25 hereof the parties shall jointly open a deed and money escrow agreement at Chicago Title and Trust Company using the form then in use by Chicago Title and Trust Company with such special provisions inserted in the escrow as may be required to conform with this contract. Seller's deed shall be deposited into the escrow within 5 days after the opening of the escrow provided, however, that said deed shall not be recorded prior to the deposit into the escrow of all of Seller's funds which shall be done not less than 10 days prior to the closing date. In all other respects the escrow shall conform to the provisions of this contract and the customary provisions of deed and money escrows in the form then in use by Chicago Title and Trust Company. The cost of the deed and money escrow shall be paid by the Seller.

Escrow Closing. At the election of either party and upon notice to the --------------- -------------- other party not less than 5 days prior to the date of closing, this sale shall be closed through an escrow with Chicago Title and Trust Company in accordance with the general provisions of the usual form of Deed and Money Escrow Agreement then in use by Chicago Title and Trust Company, with such special provisions inserted in the escrow as may be required to conform with this contract. The cost of the escrow shall be paid by the Seller. Upon satisfaction or waiver of the contingencies contained in Paragraph 20 and 25 hereof the parties shall jointly open a deed and money escrow agreement at Chicago Title and Trust Company using the form then in use by Chicago Title and Trust Company with such special provisions inserted in the escrow as may be required to conform with this contract. Seller's deed shall be deposited into the escrow within 5 days after the opening of the escrow provided, however, that said deed shall not be recorded prior to the deposit into the escrow of all of Seller's funds which shall be done not less than 10 days prior to the closing date. In all other respects the escrow shall conform to the provisions of this contract and the customary provisions of deed and money escrows in the form then in use by Chicago Title and Trust Company. The cost of the deed and money escrow shall be paid by the Seller.