Common Contracts
1 similar Repair Escrow Agreement contracts
REPAIR ESCROW AGREEMENTRepair Escrow Agreement • September 17th, 2020
This Repair Escrow Agreement - Land Trust ("Agreement") is made and entered into, to be effective as of , _______, by , a ("Trustee"), not personally but as Trustee under that certain Trust Agreement dated , and known as Trust No. (the "Trust Agreement") and , a ("Beneficiary"), the owner(s) of one hundred percent (100%) of the beneficial interest and one hundred percent (100%) of the power of direction in, to and under the Trust Agreement, on the one hand, and , a ("Lender"), on the other hand. (The Beneficiary and the Trustee, collectively, may be referred to herein as the "Borrower." Any reference herein to the Borrower shall apply to each of the Beneficiary and the Trustee; the obligations of the Borrower, the Trustee or the Beneficiary hereunder shall be the joint and several obligations of the Beneficiary and the Trustee; and the representations and warranties made by the Beneficiary in any Disbursement Request shall be the joint and several representations and warranties of the
