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ve~illizoos os:so t•'A% 541 485 0~0~ i CASCADE TITLE f`~~ 1 wG~joo2 <br /> i' ; r'~s`raow <br /> j JOINT ESCROW =NSTRVC~IONS - ESCroK Noo.EU03-0609 <br /> ~ 7.~~013~~~ <br /> TO. CASCADE ESCROW ~~~-1~(:~ <br /> 81.3. W=LL' <br /> AffiET~E DATE z 0 8/ 0 8 <br /> P:IIGENE~ OR 97401 PAGE. 1 OF ~~~~1(pl.C <br /> ~ PARTIES: SELLER: TYRONE IC_ RULING, D. MARK RULING and JEFF D. RULING <br /> i <br /> BUYER: CITY OF EUGENE <br /> SUBJECT PROPERTY: LOTS 1 & 2, SCENIC MEADOWS, EUGENE, OR 97402 <br /> i <br /> As more fully described in the title report. <br /> i <br /> The parties hereby employ- Cascade Escrow to act as settlement agent izx <br /> connection with the sale by Seller to Buyer of the subject property and agree, <br /> advise and instruct Cascade Escrow as Follows: <br /> The signed Claaing Statements are made a part of the$e instructions as if fully <br /> set forth herein. Certain items on the closing statements are estimaCes only 'and <br /> II the Final figures may be adjusted to accommodate exact amounts required at the <br /> time of closing of escrow and disbursemenC of funds. If for any reason <br /> additional funds skull become due for the accounts being paid through this <br /> escrow, the Seller/Buyer agree to deposit such additional 'funds immediately upoa <br /> notification. <br /> i <br /> TITLE INSURANCE POLICY OR POLICIES: Obtain 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 /> ~ ~t <br /> <br /> ~ ~ Showing title vested in or the interest of: <br /> i <br /> THE CITY OF EUGENE, an Oregon Municipal Corporation <br /> Subject to the usual terms, conditions and exceptions contained in the form <br /> <br /> j of title insurance policy herein provided for and any exceptions arising <br /> <br /> j from or created by the documents recorded through this escrow .and the <br /> following exceptions in that title report dated January b, 2000, Order No_ _ _ <br /> The parties acknowledge receipt of the title report and map, and have read and <br /> approved the same_ <br /> Additional Instructions: <br /> ~~t'``Q~ <br /> ADDITIONAL INSTRUCTIONS A5 PER .ITEM #4 Of' THE CITY OF EUGENE'S OFFER TO $1 <br /> PURCHASE DATED FEHRUARX 3, 2003, SHALL BE ATTACHED A5 EXHIBIT "A"_ 111 . <br /> FURTKERMORE, TAXES WERE PREPAID BY THE SETT-~'Q AT THE TIME THE PLAT <br /> #2003-073223 WAS,RECORDED_ IT IS UNDERSTOOD HY THE PARTIES HEREIN THAT <br /> THERE MUST BE RECONCILIATION/REIMBURSEMENT WITH REGARD TO THE PREPAID <br /> TAXES, BETWEEN THE BUYER AND SELLER, OUTSIDE OF THIS ESCROW._ CASCADE <br /> ESCROW AND CASCADE TITLE ARE HERF•RY RELEASED OF ANY AND ALL LxABILITY IN <br /> CONNECTION WITH SAID TAX RECONCILIATION/REIMHUURSEMENT. <br /> Buyer has personally iriapected 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 /> Xou are instructed to pay, all credit card items and other 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 /> v <br /> ha a been rovided to ou withou - v ~ he credit <br /> p y t verification. If the in Dices for t <br /> cards and/or consumer type debts are not supplied to escrow; then Cascade Escrow <br /> will deliver checks for said de.2~ts to the undersigned for delivery to said <br /> <br />