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HomeMy WebLinkAboutDeeds & Easements-1-85 RDA_CCv0001.pdf T ESE INSTRUCTIONS AMEND AND SUPERSEDE ALL PREVIOUS ESCROW INSTRUCTIONS. ESCROW INSTRUCTIONS Escrow Officer Jeri Bray 'CCSGuardian Escrow Inc. 4821-JB 412 East State Street, Suite 2 Escrow Number Redlands, California 92373 (714) 793-3947 Date . April 8, 1913.5 I/WE the undersigned Buyer, prior to close of escrow.. will Paid outside ofEscroww hand you the sum of $52,500.00; Cash through Escrow $52, 5Q'c UD Encumbrances of record and will deliver to you any Instruments which this escrow requires shall be executed by me,all of which you are In- Now Encumbrances struaed to use Provided that on or before May 22, 1985 you hold a policy of title Insurance with the usual title company's exceptions,with a liability In the amount of the total consideration covering I Total Consideration $52,50q 00 Lot 5 and the South 60 feet of the East 2-1/2 feet of Lot 6 Block 2 TOWN PLAT OF RED DS, In the City of Redlands As per map recorded In boo 5 age(s) 10 of maps In the office of the County Records,of San Bernardino County. state of California showing title vested in REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS CALIFORNIA 320 West State Strut Redlands CA 92373 (A.P.N. 171-041-05) Property address ' ' (Not verified) SUBJECT TO: (1) All General and Special taxes for the fiscal year 19 851985 Including any special district levies or personal property taxes,Payments for which are Included therein and collected therewith and supplemental takes,`if any. ( Assessments and Bonds,not delinquent,unpaid balance jagiae ( )Any covenants,conditions,restrictions,reservations,rights,rights of way and easements of record,or In deed to file,and any EXCEPTION of water,minerals,oil,gas,and kindred substances,on or under said land,now of record,or In deed to file (4)DEED OF TRUST to record In the amount of$ none Execution of loan documents shall be deemed approval of the terms thereof-You are to follow the instructions of the lender through this escrow. (5)DEED(S)OF TRUST now of record unpaid balance of principal approximately S none the terms of which are known to the parties hereto ( )PURCHASE MONEY DEED OF TRUST on your usual form,executed by THE VESTEE securing Note for S none in favor of x dated due(if straight note)on or before years after date with Interest at __k_per cent per annum,from date endorsed,payable at CAI RNIA,Principal and Interest due and payable In installments of$ OR MORE,each on the day of every X----month,beginning Secure policy of title insurance through First American Title Insurance Company. Grant Deed to provide for documentary transfer tax of $57.75, computed on full value of property conveyed. Escrow is not to be concerned with any fire or other hazard Insurance covering, the subject property. Seller is aware a portion of the funds required of the buyer to complete this transactio may come from another escrow, documents for which may record concurrently herewith, and in which event, funds may be transferred from said escrow after the recordation of all documents including deed executed by the seller herein. (Continued on reverse - Page 2) )(Obtain STATEMENTS Indicating unpaid balances of principal and Interest on Deeds of Trust now of record,and If same should show to be more or less than the Anount shown herein,or It actual amount of NEW ENCUMBRANCE proceeds to be deposited Into this escrow are more or less than amount shown herein,then y04 are to keep the total consideration the same as shown above,by accordingly adjusting the CASH THROUGH ESCROWIPURCHASE MONEY DEET}OF TRUST. — I�-0,....®_.n_.water shares to be transferred to buyers,with bills and assessments paid to close of escrow. 1 t The following adjustments ONLY,required In this escrow:PRORATE taxes,based on latest tax statement avaliabletflei{ratrua�r+elttt�sraitt crt ,,f/aryrdjcr /;p4o6rids61drrJWt tidAida�r str 4iJto Close of eSCrow Impounds,it any,are to be reimbursed to the seller In cash by the buyer unless other- wise provided herein.. Endorse Interest on note as paid to none If note and Trust Deed drawn by Escrow holder. EACH PARTY SIGNING THESE INSTRUCTIONS HAS READ THE ADDITIONAL ESCROW CONDITIONS AND INSTRUCTIONS ON THE REVERSE SIDE HEREOF AND APPROVES,ACCEPTS AND AGREES TO BE BOUND THEREBY AS THOUGH THE REVERSE SIDE HEREOF APPEARED OVER THEIR SIGNATURES.ALL PARTIES SIGNING THESE INSTRUCTIONS HEREBY INDIVIDUALLY OR JOINTLY ACKNOWLEDGE RECEIPT OF A COPY OF THESE INSTRUCTIONS. KE13EVEMPRENT WGENCY OF THE ,r Buyer's Signature Ily OF REDLANDS Buyer's Signature By•Y `4! Carole eswick, Chairman Address Cajon Street, Redlands, CA 92373 ATTEST �Phona��'Z�r*�_.'"7, ( ecretary The foregoing terms,provisions,conditions and Instructions,and those on the reverse side hereof 11;2 re ereby approved and accepted In their entirety and concur- red in by me.I will hand you necessary documents called for on my part to cause title to be shown as above,which you are authorized to deliver when you hold for my account the money and instruments deliverable to me under these Instructions within the time as above provided.You are herepy authorized to pay bonds, assessments,taxes,and any liens of record to show title as called for Pay commission as follows:$—none to $ none to Sslloes Signature,_ ____.Sailer',Signature ° tce Quintana ut P. t)tt ntana Address 1165 Washington, Redlands CA 92373 Phone Page 2 ADDITIONAL ESCROW CONDITIONS AND INSTRUCTIONS The following is a memorandum of agreement between the parties, with which escrow holder is not to be concerned: In addition to the purchase price paid by Buyer to Seller, Buyer agrees to provide, allocate and disburse to Seller sufficient funds for the relocation of Seller's business tools and equipment to a new location; which payment will be paid by Buyer to Seller outside of and after close of escrow and in a timely manner. 1, All funds received in this escrow shall be deposited with a State or National bank with other escrow funds. Make disbursements by your check: checks not presented for payment within six months after date are subject to service charges in accordance with your schedule in effect from time to time. Make all adjustments and proratings on the basis of a 30 day month. "Close of Escrow" is the day instruments are recorded. All docu- mentsand funds due the respective parties herein are to be mailed to the addresses set out below their respective signatures, unless otherwise instructed. Our signatures on any documents and instructions pertaining to this escrow indicate our unconditional approval of same. Whenever provision is made herein for the payment of any sum, the delivery of any instrument or the performance of any act "outside of escrow." you as es- crow holder shall have no responsibility therefor and shall not be concerned therewith. 2. Seller in a sale escrow or borrower in a loan escrow guarantees and you shall be fully protected in assuming that, as to any insurance policies handed you, eachpoticy is in force, ties not been hypothecated, and trial alt necessarl premiums therefor have been paid. You will, as my agent. assign any fire and other insurance policies, handed you or that Beneficiaries inform you they hold. Deliver assurances of title, and fire or off)- er insurance policies, it any, to holder of senior encumbrance or his order, or if there be no encumbrances, then to the order of buyer or lender. Any policy of title insurance called for herein may be issued for the benefit of all parties in interest, may be procured by you from any title com- pany operating in the county where the property is located, and will be subject to exceptions and conditions in such company's regular printed form. These instructions may be executed in counterparts. All such counterparts together shall constitute one and the same document. You are hereby authorized to deposit any funds or documents handed you under these Escrow instructions, orcause the same to bedeposited, with anyotherescrow. company,bank, lending institution, or title company in the event such deposit shall be necessary or convenient to carry out the instructions set forth in this eserow,subject to your order. You are hereby given a lien upon any property held by you for me, whether held in this escrow or other- wise, for any and all escrow fees, expenses, costs,attorney's fees•los-es and other liabilities incurred by you and arising out of, connectedwith or incidental to this escrow or any other escrow to which we are a party. You may deduct from my net proceeds any amount I may owe you in any other matter. You may destroy these instructions and all other instructions and records in this escrow at any time after live years from the date of these Escrow Instructions. 3. In consideration of your undertaking to act hereunder, I agree to pay, when called upon by you so to do,for: all services performed for me, to- gether with all charge, expenses and costs incurred or paid for me by you as customarily allocated, unless the written instructions herein provide to the contrary. Should either party revoke, or fail to complete this escrow in accordance with the terms, Such party shall pay and hereby agrees to pay all fees, costs, expenses and charges for both of the parties hereto, and such payment by such party shall not prejudice any other rights of causes of action which might be vested in the other party hereto, except that should an escrow with a contingency not be completed because of the failure of the contingency then each party agrees to pay one halt of the escrow costs and expenses. In the event of failure to pay fees orexpenses due you hereunder, on demand, I agree to pay a reasonable fee for attorney's services which may be required to collect such fees or expenses. 4. You shall be under no obligations or liability for failure to inform me regarding any sale, loan, exchange, of other transaction,or facts within your knowledge, even though same concern the property described herein, provided they do not prevent your compliance with these instructions, nor shall you be liable for the sufficiency or correctness as to form, manner of execution, or validity of any instrument deposited,not as to identity, authority, or rights of any pei son executing the same. You shall not be required to take any action in connection with the collection, maturity or apparent outlaw of any obligations deposited in this escrow, unless otherwise instructed. Your liability as escrow holder shall be confined to the thinq¢ specifically provided for in my written instructions in this escrow. I Z 1 5. it the conditions of this escrow have not been complied with prior to the expiration of time provided for herein, or any extension thereof, you are nevertheless to complete the escrow as soon as the conditions, except as to time,.have been complied with, unless written demand shall have been made upon you not to complete it. 6. Should you, before or after close of escrow, receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of any of the parties hereto, or any money or property deposited herein or affected hereby, you shall have the right to discontinue any or all further acts on your part until such conflict is resolved to your satisfaction, and you shall have the further right to commence or defend anyactions or proceedings for the determination of such conflict. The parties hereto jointly and severally agree to pay all costs, damages, judgments and ex- per,ses, including reasonable attorneys' fees suffered or incurred by you, arising out of, connected with, or incidental to this escrow, including, but without limiting the generality of the foregoing, a suit in interpleaaet brought by you. In the event you tills a suit in interpleader,you shall ipso, facto be fully released and discharged from all obligations further to perform any and all duties imposed upon you in this escrow. 7. it a party to this escrow unilaterally assigns or orders the proceeds of this escrow to be paid to other,than the original parties to this escrow. such assignment or order shall be subordinate to the expenses of this escrow, liens of record on the subject property, and payments, directed to be made by original parties together. it the result of such assignment or order would be to leave the escrow without sufficient funds toclose.then you are �Iirected to close nevertheless, and to pay such assignments or orders only out of the net proceeds due except for such assignments or orders, ard to pay totem in the OtdPr in which such assignments or orders are received by you.