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Escrow Agreement Form

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ESCROW AGREEMENT

Concerning Property located at: ____________________________________________

Date: ___________________

SELLERS: ____________________________________________________________________

BUYERS: ____________________________________________________________________

LENDER: ____________________________________________________________________

ESCROW AGENT: ____________________________________________________________

DATE OF CLOSING: _________________________

In connection with the closing of the property referenced above, the undersigned Sellers and

Buyers have agreed, and hereby direct, that Seller’s funds in the amount of:

$ ________________________________

are being paid to Escrow Agent in a non-interest bearing account as partial security for the Seller’s

performance of (the “work”):

____________________________________________________________

 Additional work listed on attached sheet.

It is understood and acknowledged that these funds are being held by Escrow Agent solely as an

accommodation to the parties to allow the completion of the scheduled closing. In dealing with and

disbursing such funds, Escrow Agent shall not be liable for any damage, liability or loss arising out of or

in connection with the services rendered by the Escrow Agent pursuant to this Agreement, except for

damage, liability or loss resulting from the willful or negligent misconduct of the Escrow Agent or

his/her employees. The Escrow Agent shall be under no liability or obligation to take any action under

or in respect to this Agreement, which in his or her opinion shall be likely to involve expenses or

liability to the Escrow Agent, other than holding the Escrow Funds as provided herein, and disbursing

the Escrow Funds as herein above provided, unless the Escrow Agent shall be paid the amount of such

expenses or be furnished security reasonably satisfactory to him or her against such liability and

expense. In the event of any litigation between Buyer and Seller as a result of which Escrow Agent

incurs any attorney’s fees, costs or expenses relative to his or her obligations under this Agreement,

then such fees, costs and expenses may be deducted from the escrowed funds.

Escrow Agreement v. 3.1

Escrow Agreement Form

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