payment to you of the sum of $_______________ plus interest at ____________% per annum
computed from __________________ to date of receipt by you. From the release price you are
hereby authorized to deduct the sum necessary for transfer stamps on said deed. The balance of
the
proceeds
are
to
mailed
to
the
Seller
at
____________________________________________________________________________
C. _________________________________________________________________________________
A Title Insurance Agency
42651 WOODWARD AVENUE
BLOOMFIELD HILLS, MI 48304
(248)338-6620
FAX NO. (248)975-4178
DEED ESCROW AGREEMENT
File No.: _______________
Re:
Seller(s):
___________________________________________________________________________
Purchaser(s): ___________________________________________________________________________
Property: ___________________________________________________________________________
Gentlemen:
Deposited with you as Escrow Agent is a Land Contract and a Warranty Deed(s) covering captioned land executed
pursuant to said Land Contract to be held by Escrow Agent in escrow for release and delivery under the following terms
and conditions:
1.
You may release the deposited deed(s) to Purchaser or his authorized agent upon receipt by you of:
(Complete one of the following)
A. Upon receipt of a satisfactory written notice from Seller or his authorized representative that the
subject Land Contract has been paid in full.
B. Upon presentation to Escrow Agent by Purchaser of satisfactory proof of payment in full, or
2.
You shall return the deposited deed to Seller upon presentation by Seller of a Writ of Restitution of satisfactory
proof that said Land Contract has been terminated.
3.
Seller and Purchaser, except for the fraudulent acts of Escrow Agent, and excepting such acts on the part of the
Escrow Agent as might be deemed to be grossly negligent, do jointly and severally indemnify and hold Escrow
Agent harmless from any and all claims, counterclaims, causes of action of any kind or nat