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19 <br /> <br /> <br /> <br /> <br />ESCROW AGREEMENT <br /> <br /> The undersigned, Land Title, Inc. (“Escrow Agent”), agrees to hold the Earnest <br />Money referred to in the foregoing Purchase Agreement in accordance with the terms of such <br />Purchase Agreement and disburse the same strictly in accordance with such terms. Escrow <br />Agent shall hold the Earnest Money in an account at a financial institution whose deposits are <br />insured by the FDIC. <br /> <br /> Escrow Agent shall have no responsibility for any decision concerning performance or <br />effectiveness of the Purchase Agreement or to resolve any disputes concerning the Purchase <br />Agreement. Escrow Agent shall be responsible only to act in accordance with the joint and mutual <br />direction of both Seller and Buyer, or in lieu thereof, the direction of a court of competent <br />jurisdiction. Seller and Buyer undertake to hold Escrow Agent harmless from all claims for <br />damages arising out of this Escrow Agreement and do hereby agree to indemnify Escrow Agent <br />for all costs and expenses in connection with this escrow, including court costs and attorneys' fees, <br />except for Escrow Agent's failure to account for the funds held hereunder, or acting in conflict <br />with the terms hereof. <br /> <br />Land Title, Inc. <br />By_________________________, its __________________ <br /> <br /> <br /> <br />Date: ____________________________________________