Acceptance Of Escrow

File No: ACCEPTANCE OF ESCROW accepts appointment as Escrow Agent under that certain agreement by and between ("Seller") and ("Buyer"), dated to be held pursuant to ("Agreement"), acknowledges the receipt of a check(s) in the amount of $ the Agreement and agrees to act as Escrow Agent under the following terms and conditions: 1. The funds held hereunder shall be held in an interest-bearing account with all interest accruing to the benefit of Seller/Buyer. Tax ID number __________________; Mailing address _________________________ _________________________________________________________________________________________. 2. Escrow Agent shall incur no liability whatsoever in connection with its good faith performance hereunder. The parties to the Agreement hereby jointly and severally waive and release ant claims they may have against Escrow Agent which may result from said good faith performance, specifically, but not limited to, any delay in the electronic transfer of funds. Escrow Agent shall be liable only for loss or damage caused directly by its acts of negligence or intentional misconduct. 3. In the event of any disagreement or dispute between the parties to The Agreement resulting in conflicting instructions to, or adverse claims or demands upon Escrow Agent with respect to the funds held hereunder, Escrow Agent may refuse to comply with said instructions and/or claims as long as such dispute or disagreement exists, and in so refusing, Escrow Agent shall not be, and not become, liable for its refusal to comply with any such conflicting claims and/or instructions until 1) said dispute has been settled between the parties and joint, written instructions are delivered to Escrow Agent by said parties, or 2) said dispute has been settled by a court of competent jurisdiction. 4. Escrow Agent may, at its sole discretion, resign from its duties hereunder by giving 30 days written notice thereof to the parties, in which event the parties shall give joint, written instructions for the release of the funds held hereunder. If, after said 30 day notice period, Escrow Agent may interplea the funds held hereunder to a court of competent jurisdiction, resign from its duties hereunder and relinquish all responsibilities and liabilities hereunder. 5. Other than the conditions set forth in this Acceptance of Escrow, the terms contained in The Agreement shall govern the actions of the parties and Escrow Agent and the disposition of the funds held hereunder. 6. The parties are informed that the Federal Deposit Insurance Corporation (FDIC) coverage is limited to $100,000.00 for each individual depositor, and that Escrow Agent assumes no liability for any loss suffered due to any depositor's aggregate deposit exceeding $100,000.00 and said excess amount exceeds the limits covered by FDIC. ESCROW AGENT: Mailing Addresses: By:_________________________________ DEPOSITOR _____________________________________________ By: __________________________________ _____________________________________________ DEPOSITOR _____________________________________________ By: __________________________________ _____________________________________________ American LegalNet, Inc. www.FormsWorkflow.com