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08/11/2ooa 08:30 FA% 541 485 0l o!' CASCADE TI~TL/Etf ~tl(~(y-(~ ~ i ""~~002 <br /> t <br /> ~ Chin \ L 1 ~ ~C.. ~~C:; W ~-1/~'~ ~ I~(~~_~ ` i <br /> i <br /> ~sc~ow <br /> JOINT ESCROW INSTRIICTIOISS - Escro~f Noo.EIIO3-0609 <br /> I z <br /> ~x~ ~ 0 f I~ 3~-l <br /> TO : CASCADE ESCROW l <br /> 811 WSLT+A2SETTE DATEs 08/08/2003 <br /> EIIGENE, OR 97401 PAGE: 1 OF 4 ~ /U3 <br /> PARTIES: SELLER: TYRONE R_ RULING, D. MARK RULING and JEFF D_ RULING <br /> BUYER: CITY OF EUGENE <br /> SUH~ECT PROPERTY: LOTS 2 & 2, SCENIC MEADOFIS, EUGENE, OR 97402 <br /> I <br /> j As more fully described in the title report. <br /> i <br /> The parties kiereby employ Cascade Escrow to act as settlement agent in <br /> connection with the sale by Seller tv Hu er of the subject <br /> ~ Y J property and agree, <br /> advise and instruct Cascade Escrow as follows: <br /> i <br /> The signed Closing Statements are made a part of these instructions as if fully <br /> set forth herein, Certain items on the closing statements are estimates only and <br /> the final figures may be adjusted to accommodate exact amounts required at the <br /> time of closing of escrow and disbursement of funds. If for any reason <br /> <br /> i additional funds sklall become due for the accounts being paid through this <br /> escrow, the Seller/Buyer agree to deposit such additional funds immediately upon <br /> notification. <br /> <br /> I~ TITLE INSURANCE POLICY OR POLICIES• Obta~,n through CASCADE TITLE COMPANY the <br /> following title insurance policy or policies on the subject property: <br /> STANDARD OWNER'S P $310,000.00 insuring CITY OF EUGENE <br /> Showing title vested in or the interest vf: <br /> THE CITY OF EUGENE, an Oregon Municipal Corporation <br /> Subject to the usual terms, conditions and exceptions contained in the form <br /> of title insurance policy herein provided for and any exceptions arising <br /> from or created by the documents recorded through this escrow and the <br /> following exceptions in that tit],e report dated January O, 2000, Order No_ _ _ <br /> The parties acknowledge receipt of the title report and map, and have read and <br /> approved the same. <br /> Additional Instructionse <br /> ~ $ ,`Q~ <br /> ADDLTIONAT. INSTRUCTIONS A5 PER .ITEM #4 OF TT3E CITY OF EUGENE'S OFFER TO <br /> PURCHASE DATED FEHRUARX 3, 2003, SHALL BE ATTACHED A5 EKHIBIT "A"_ <br /> FURTHERMORE, TAXES WERE PREPAID BY THE SELLER AT TfiE TIME THE PLAT <br /> #2003-073223 WAS RECORDED. IT IS UNDERSTOOD HY THE PARTI <br /> ES HEREIN THAT <br /> THERE MUST HE RECONCILIATION/REIMBURSEMENT WITH REGARD TO THE PREPAID <br /> TAXES, BETWEEN THE SUYEA AND SELLER, OUTSIDE OF THIS ESCROW.. CASCADE <br /> ESCROW AND CASCADE TITLE ARE HEREBY RELEASED OF ANY AND ALL LIABILITY IN <br /> CONNECTION W=TH SAID TAX RECONCILIATION/REIMBURSEMENT. <br /> Buyer has personally inspected the Property and is independently satisfied with <br /> the size, value and utility of the property. <br /> All items to be paid in this escrow are reflected on the closing statements <br /> constituting a part of this escrow. Should any item not appear on the closing <br /> statements, it is to be paid by the buyer and/or seller outside of this escrow. <br /> Xvu are instructed to pay all credit card items and ether consumer type debts <br /> in the amounts as shown vn the Closing Statements pursuant to the lender's <br /> instructions to you. You are to accept the account information and amounts that <br /> have been provided tv you without verification. If the invoices for the credit <br /> cards and/or consumer type debts are not supplied to escrow, then Cascade Escrow <br /> will deliver checks for said debts to the undersigned for delivery to said <br /> <br />