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Executed Escrow Agreement

Under the Contract of Sale, Seller and Buyer are required to be parties to certain other documents, documents and agreements set out in the Annex (the „Documents“) and to deliver them after the conclusion of the sale and purchase of the Business. (1) a form of account taken by a „fiduciary agent“ (an individual, a trust company or a title company) into whom documents and funds are paid in connection with a transfer of real property, including money, mortgage or trust instrument, an existing trust secured by the property, the fiduciary instructions of both parties, an accounting of funds, and other documents necessary to complete the transaction. When the financing is complete and the deed is clear, the trust agent will register the deed to the buyer and deliver money to the seller. The trust or executive agent is a licensee and an independent agent for both parties, who receives a fee for his services. 2) n. Originally, Escrow meant the act held by Agent Escrow. 3) n. In common parled language, the Escrow agent is called „Escrow“, while the Escrow is actually the account and not a person. 4) v. place the documents and funds in a fiduciary account, as in: „We will take the agreement.“ (See: Fiduciary Agent) None of the documents may be modified, modified or supplemented after deposit with the trustee unless the document as amended, amended or supplemented is available in a form agreed upon and executed in full by the parties to the document, in which case the document, amended, modified or supplemented, becomes one of the documents. ESCROW, transfer, contracts. A conditional delivery of a document to a foreigner, and not to the fellow himself, until certain conditions are met and then delivered to the fellow.

Until the condition is met and the deed is handed over, the estate is not transferred, but remains in the hands of the concessionaire. 2 John. R. 248; An advantage. 137, 138. 2. As a general rule, a trust service takes effect from the second delivery and must be considered an act of the party from that date; This general rule does not apply, however, if justice requires recourse to fiction. . .

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