Common Contracts

TO CLOSING OCCUPANCY AGREEMENT ~ ATTORNEY AS ESCROW AGENT

Closing Occupancy Agreement • February 13th, 2018

• Contract Type
  Closing Occupancy Agreement
• Filed
  February 13th, 2018

Seller, Buyer and Escrow Agent agree and acknowledge that this Addendum is made a part of the  Pre-Closing  Post-Closing Occupancy Agreement (the “Agreement”) between Seller and Buyer. Buyer and Seller may each be referred to individually as a “Party” and collectively as the “Parties”. 1. Escrow Deposit. The Escrow Deposit shall be released/disbursed only in accordance with the terms and conditions of this Addendum. The Escrow Deposit shall be placed in Escrow Agent’s “IOLA” trust account and no interest shall be paid on such funds. 2. Conflict of Interest; Waiver. (a) The Parties agree and acknowledge that they have requested Escrow Agent to act as the escrow agent, despite Escrow Agent’s disclosure to the Parties that the Escrow Agent represents the Party identified in paragraph 4 of the Agreement in connection with the Contract, the Agreement, or other matters. The Parties agree and acknowledge that the Escrow Agent has disclosed that Escrow Agent’s representation of such Party in