ESCROW AGREEMENT
(TYPE 1)
AGREEMENT between _________________________________________, (Seller)
___________________ (Buyer) and ___________________ (Escrow Agent).
Simultaneously with the making of this Agreement, Seller and Buyer have entered into a
contract (the Contract) by which Seller will sell to Buyer the following property:
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
____________________________________________________________________
The closing will take place on _____________ (date), at ______ a.m./p.m. at the offices of
________________, located at _________________________, or at such other time and
place as Seller and Buyer may jointly designate in writing. Pursuant to the Contract, Buyer
must deposit _____________ (amount) ($________) as a down payment to be held in
escrow by the Escrow Agent.
The _____________ (amount) ($________) down payment referred to herein above has
been paid by Buyer to Escrow Agent.
Escrow Agent acknowledges receipt of _____________ (amount) ($________) from Buyer
by check #________ subject to collection.
If the closing takes place under the Contract, Escrow Agent at the time of closing shall pay
the amount deposited with Agent to Seller or in accordance with Seller’s written instructions.
Escrow Agent shall make simultaneous transfer of the said property to the Buyer. If no