DIY Legal Forms

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Escrow Instructions for Closing

The attached Agreement [omitted] by and between [name], as Purchaser, and [name], as Seller, dated [date], is to be construed as your escrow instructions, and you are authorized to act thereunder insofar as closing your Escrow is concerned. The following general provisions are incorporated and made a part of those instructions.

1. Funds Deposited. All funds received in this Escrow shall be deposited with other escrow funds in a general escrow account or accounts of [name] Title Company with any state or national bank, and may be transferred to any other general escrow account or accounts. All disbursements shall be made by check of [name] Title Company.

2. Institutional Commitment. Any commitment made in writing to [name] Title Company by a bank, trust company, insurance company, or building and loan or savings and loan association, to deliver its check or funds into this Escrow may, in the sole discretion of [name] Title Company, be treated as the equivalent of a deposit of the amount committed.

3. Adjustments. All adjustments are to be made on a basis of a thirty-day month.

4. Recordation of Instruments. Recordation of any instruments delivered through this Escrow, if necessary or proper to issue the policy of title insurance called for by the Agreement, is authorized.

5. Property Taxes. No examination or insurance as to the amount or payment of real or personal property taxes is required unless the real property tax is payable on or before the date of the policy of title insurance.

6. Lenders. If any party to these instructions obtains a loan on the land involved during the pendency of this Escrow, you are authorized to furnish the lender, or any one operating on the lender's behalf, any information concerning this Escrow, including, but not limited to, a certified copy of the escrow instructions and any

amendments to them.

7. Insurance Policies. Execute on behalf of the parties form assignments of interest in any insurance policies (other than title insurance) called for by the Agreement, and forward them upon close of Escrow to the agent with the request, first, that insurer consent to the transfer or attach a loss-payable clause or make any other additions or corrections that may be specifically required by the Agreement, and second, that the agent thereafter forward the policies to the parties entitled to them. In all acts in this Escrow relating to fire insurance, including adjustments, if any, you shall be fully protected in assuming that each policy is in force and that the necessary premium has been paid.

8. Transfer Taxes. Unless you are otherwise specifically requested by written instructions to do so, no examination or insurance as to the applicability, or amount or payment of any transfer tax imposed by any local, city, or county ordinance or otherwise, is required through this Escrow, as it will be taken care of by the parties outside of escrow, and you are not to be concerned with the payment of any such tax.

9. Time of Essence. Time is of the essence in regard to these instructions. If this Escrow is not in condition to close by [date], any party who then shall have fully complied with that party's instructions may, in writing, demand the return of the party's money and/or property; but if none have complied, no demand for return shall be recognized until [number] days after the escrow holder shall have mailed copies of the demand to all other parties at their addresses shown in the escrow instructions. If no demand is made, close this Escrow as soon as possible.

10. Amendments. Any amendment of or supplements to any instructions must be in writing.

11. Tax Statements. Tax statements are to be mailed to Purchaser at address shown.





Escrow Holder



*** If Required By State Law ***

This Section for Notary:


STATE OF -------)

) ss: [date]

COUNTY OF ------)

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.


[Name of Notary Public]

My commission expires: [date]