Common use of Xxxxxxx Money Clause in Contracts

Xxxxxxx Money. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; or

Appears in 3 contracts

Samples: Estate Purchase Agreement, Estate Purchase Agreement, Estate Purchase Agreement

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Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st with Xxxxxx Abstract & Title, 0000 000 X. Xxxx, XxxxxxxxxxXxxxxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 3 contracts

Samples: Estate Purchase Agreement, Estate Purchase Agreement, Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st TitleNorthwest Kansas Title Co, LLC; 0000 X. XxxxXxxx Xx., XxxxxxxxxxXxxxxxxx, XX Xx. 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 3 contracts

Samples: Estate Purchase Agreement, Estate Purchase Agreement, Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx000 Xxxx Xxxxxx Xxxxx, XxxxxxxxxxXxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 3 contracts

Samples: Estate Purchase Agreement, Estate Purchase Agreement, Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx000 Xxxx Xxxxxx Xxxxx, XxxxxxxxxxXxxxx, XX 00000 (000-000-0000) (Closing Agent), KS 67554 xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 3 contracts

Samples: Estate Purchase Agreement, Estate Purchase Agreement, Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 3 contracts

Samples: Online Auction Kansas Farm Land Real Estate Purchase Agreement, Online Auction Kansas Farm Land Real Estate Purchase Agreement, Land Real Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: with _Security 1st Title, 0000 X. Xxxxxxx Xxxxx, Xxxxx X, Xxxxxx Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing 67846_(Closing Agent), xxxxxxx money equal to 15% of the purchase price in the form of ( ) personal check, cashier’s check (X) bank wire within 48 hours of the close of the auction and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; or

Appears in 2 contracts

Samples: Land Real Estate Purchase Agreement, Land Real Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing Agent)with Kansas Secured Title , xxxxxxx money in the amount of $25,000 in the form of ( ) personal wire transfer, or if approved by Xxxxx Auctions the form of payment may be certified funds or personal/business check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement this Contract shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited by the date provided in the Auction Terms and if none then within seven five business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed fundsEffective Date. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement contract fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. Notwithstanding any other terms of this Contract providing for forfeiture or refund of the xxxxxxx money deposit, the parties understand that applicable Kansas real estate laws prohibit the escrow agent from distributing the xxxxxxx money, once deposited, without the consent of all parties to this agreement. Buyer and Seller agree that failure by either to respond in writing to a certified letter from Broker within seven (7) days of receipt thereof or failure to make written demand for return or forfeiture of an xxxxxxx money deposit within thirty (30) days of notice of cancellation of this agreement shall constitute consent to distribution of the xxxxxxx money as suggested in any such certified letter or as demanded by the other party hereto. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney's fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this Contract or any other remedy allowed by law or equity. *Xxxxxxx money is non-refundable except as otherwise specifically provided in this Contract.

Appears in 2 contracts

Samples: Real Estate Purchase Contract by Auction, Real Estate Purchase Contract

Xxxxxxx Money. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing Agent), herewith tenders a check for $10,000.00 to be deposited by Listing Agent Firm upon acceptance as xxxxxxx money in which shall apply toward the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ Purchase Price or closing costs. This Real Estate Contract shall serve as a security that the terms and conditions receipt for said Xxxxxxx Money deposited. If title requirements are not fulfilled or if Buyer is unable to obtain financing or approval of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to closeassumption as specified in Paragraph 3, the xxxxxxx money shall be disbursed according promptly refunded to an agreement signed by both partiesBuyer. In addition If Buyer fails to forfeiture of fulfill his obligations under this contract or after all conditions have been met, Buyer fails to close this transaction, the xxxxxxx money to may, at the sole and exclusive option of the Seller, be retained by the Seller or as liquidated damages. Alternatively, Seller may return of the xxxxxxx money and assert all legal or equitable rights which may exist as a result of Buyer breaching the contract. Buyer warrants, represents and acknowledges that the check tendered will be honored upon presentation to Buyer's bank, and that Buyer shall be in default of this Real Estate Contract if the check is not honored in a timely manner. Buyer and Seller shall both have agree that, in the option event of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant dispute concerning entitlement to Kansas Statute 58-3061 (g)the Xxxxxxx Money, Listing Agent Firm may interplead the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to Xxxxxxx Money into a court order; orof competent jurisdiction, and upon such interpleader, both Listing Agent Firm and Selling Agent Firm shall be released from liability to Buyer and Seller. Listing Agent Firm shall be reimbursed any attorneys fees or costs from the interplead Xxxxxxx Money.

Appears in 2 contracts

Samples: Real Estate Contract (Bank of the Ozarks Inc), Real Estate Contract (Bank of the Ozarks Inc)

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Kansas Secured Title, 0000 X. Inc., 000 Xxxxx Xxxx, XxxxxxxxxxWichita, XX 00000 KS 67202 (Phone: 000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer Xxxxx and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Xxxxxx and Xxxxx agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Online Auction Kansas Farm Land Real Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Title, 0000 000 X. XxxxXxxxxx Ave., XxxxxxxxxxWellington, XX 00000 (000-000-0000) (Closing Agent), KS 67152 xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Online Auction Kansas Farm Land Real Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: with Security 1st Title, 0000 000 X. Xxxx0xx Xx., XxxxxxxxxxXxxxx, XX 00000 (phone 000-000-0000) 0000 (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ . as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer Xxxxx and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Xxxxxx and Xxxxx agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. If this agreement is cancelled at the option of one of the parties as provided under one of the provisions concerning financing, inspections, liens, or title evidence, Xxxxx’s Xxxxxxx money shall be returned to Buyer, less the cost of any reports, inspections, or other costs Buyer is obligated to pay under this agreement.

Appears in 1 contract

Samples: Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx211 W. Kansas, XxxxxxxxxxXxXxxxxxx, XX 00000 KS 67460 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( (X) personal check, cashier’s check check, or wire transfer and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven 7 business days after Agreement is signed by all parties. Buyer Xxxxx and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Xxxxxx and Xxxxx agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. If this agreement is cancelled at the option of one of the parties as provided under one of the provisions concerning financing, inspections, liens, or title evidence, Xxxxx’s Xxxxxxx money shall be returned to Buyer, less the cost of any reports, inspections, or other costs Buyer is obligated to pay under this agreement.

Appears in 1 contract

Samples: Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st TitleNorthwest Kansas Title Co, LLC; 0000 X. XxxxXxxx Xx., XxxxxxxxxxXxxxxxxx, XX Xx. 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer Xxxxx and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Xxxxxx and Xxxxx agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Estate Purchase Agreement

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Xxxxxxx Money. The Buyer does hereby deposit with: with Security 1st 1 st Title, 0000 000 X. Xxxx, XxxxxxxxxxXxx 000, Xxxxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. Buyer’s Initials Seller’s Initials Date Date Date Date

Appears in 1 contract

Samples: Kansas Farm Land Real Estate Purchase Agreement

Xxxxxxx Money. The Within three (3) business days after the date this Agreement is executed and delivered by Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx, Xxxxxxxxxx, XX 00000 and Seller (000-000-0000) (Closing Agentthe “Effective Date”), Buyer shall open an escrow account with First American Title Insurance Company (“Escrow Company”), 000 XX Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxxxx, Xxxxxx 00000, and shall deposit with Escrow Company xxxxxxx money in the amount of One Thousand and No/100 Dollars ($1,000.00) (the “Xxxxxxx Money”) in the form of ( Exhibit B attached to this Agreement. Escrow Company shall hold Xxxxxxx Money in an interest- bearing account as directed by Buyer, with the interest accruing to Buyer’s benefit. Buyer shall have not more than thirty (30) personal check, cashier’s check and in days from the amount of 10% of the purchase price equal Effective Date hereof (unless Buyer terminates this Agreement pursuant to $ as a security that the terms hereof), to waive any and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closingContingencies (Contingency Waiver Date). In the event Buyer terminates contract in accordance with Contingencies, Escrow Company shall return to Buyer Xxxxxxx Money and all accrued interest as soon as practicable. If this agreement transaction closes as provided in this Agreement, the Xxxxxxx Money shall apply towards the Purchase Price at Closing. If the transaction does not close as provided in this Agreement for any reason other than default by Buyer, then the Xxxxxxx Money shall be returned to Buyer. If the transaction fails to closeclose because of Buyer’s default, the xxxxxxx money Xxxxxxx Money shall be disbursed according paid to an agreement signed by both partiesSeller. In addition to forfeiture Commented [JF1]: Consider whether you need all these contingencies on the deal in front of xxxxxxx money to Seller you, and delete any that are not desirable or return of xxxxxxx money to Buyernecessary. For example, Buyer and Seller shall both have you don’t need a financing contingency if you’re funding the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; orpurchase with all your own cash.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Kansas Secured Title, 0000 X. Inc., 000 Xxxxx Xxxx, XxxxxxxxxxWichita, XX 00000 KS 67202 (Phone: 000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ , as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Online Auction Kansas Farm Land Real Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Land Real Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: Security 1st Titlewith Eland Title Company, 0000 000 X. Xxxx0xx Xxxxxx, XxxxxxxxxxX.X. Xxx 000, Xxxxxx, XX 00000 (00000, phone 000-000-0000) 0000 (Closing Agent), xxxxxxx money in the form of ( (X) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ . as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. If this agreement is cancelled at the option of one of the parties as provided under one of the provisions concerning financing, inspections, liens, or title evidence, Buyer’s Xxxxxxx money shall be returned to Buyer, less the cost of any reports, inspections, or other costs Buyer is obligated to pay under this agreement.

Appears in 1 contract

Samples: Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st TitleFirst American Title Insurance, 0000 X. 000 Xxxxxx Xxx., Xxxxx Xxxx, Xxxxxxxxxx, XX 00000 (000-000-0000) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Land Real Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: Security 1st Title, 0000 X. Xxxxxxx Xxxxx, Xxx X, Xxxxxx Xxxx, Xxxxxxxxxx, XX 00000 (000620-000275-00006500) (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. If this agreement is cancelled at the option of one of the parties as provided under one of the provisions concerning financing, inspections, liens, or title evidence, Buyer’s Xxxxxxx money shall be returned to Buyer, less the cost of any reports, inspections, or other costs Buyer is obligated to pay under this agreement.

Appears in 1 contract

Samples: Estate Purchase Agreement

Xxxxxxx Money. Buyer is required to submit an xxxxxxx money deposit of _10 % of the purchase price with balance of purchase price paid at closing. The Buyer does hereby deposit with: Security 1st TitleOutback Title & Escrow Co., 0000 X. 000 Xxxxx Xxxx, XxxxxxxxxxX.X. Xxx 000, XX 00000 (000-000-0000) (Closing Agent)Xxxxxx Xxxxxxx, Ks., 67758 xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after this Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker.

Appears in 1 contract

Samples: Land Real Estate Purchase Agreement

Xxxxxxx Money. The Buyer does hereby deposit with: with Security 1st Title, 0000 000 X. Xxxx0xx Xx., XxxxxxxxxxXxxxx, XX 00000 (phone 000-000-0000) 0000 (Closing Agent), xxxxxxx money in the form of ( ) personal check, cashier’s check and in the amount of 10% of the purchase price equal to $ . as a security that the terms and conditions of the Agreement shall be fulfilled by the Buyer. Xxxxxxx money shall be deposited within seven business days after Agreement is signed by all parties. Buyer and Seller agree that the Escrow Agent may retain any interest earned on escrowed funds. Said xxxxxxx money shall be applied to the purchase price at closing. In the event this agreement fails to close, the xxxxxxx money shall be disbursed according to an agreement signed by both parties. In addition to forfeiture of xxxxxxx money to Seller or return of xxxxxxx money to Buyer, Buyer and Seller shall both have the option of enforcing specific performance of this agreement or any other remedy allowed by law or equity. Pursuant to Kansas Statute 58-3061 (g), the broker can only disburse xxxxxxx money 1) pursuant to written authorization of buyer and seller; 2) pursuant to a court order; oror 3) when a transaction is closed according to the agreement of the parties. If a dispute arises over disposition of funds or documents deposited with the escrow agent or the listing broker, Seller and Buyer agree that any attorney’s fees, court costs and/or other legal expenses incurred by the escrow agent and any broker in connection with such dispute shall be reimbursed from the xxxxxxx money or other funds deposited with the escrow agent or listing broker. If this agreement is cancelled at the option of one of the parties as provided under one of the provisions concerning financing, inspections, liens, or title evidence, Buyer’s Xxxxxxx money shall be returned to Buyer, less the cost of any reports, inspections, or other costs Buyer is obligated to pay under this agreement.

Appears in 1 contract

Samples: Estate Purchase Agreement

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