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�r - I - iii::lti _+ we ESCROW INSTRUCTIONS - fEscrow No: 12009214.705-SMM i To: Alliance Title Company Date: June 7,2000 117 860 N.Main Street,Manteca,CA 95336 Phone No.: (209)239-7790 Fax No.: (209)823-3096 f� t Alliance Title Company conducts escrow business udder License to act as an underwritten title company No.370 issued,by the State of California Department of Insurance. I/We hand you herewith baiance due shown below together with Ed Escrow Estimated Settlement Statement H construction funds In the amount of$200,000.00 l� Course of Construction insurance evidence to be provided to escrow t f PURSUANT TO THAT CERTAIN AGREEMENT FOR CREATION OF ESCROW ACCOUNT,THE UNDERSIGNED PARTIES AGREE TO THE FOLLOWING: i I. CONSTRUCTION FUNDS IN THE AMOUNT OF$200,000.00 SHALL BE DEPOSITED TO x ESCROW IN THE AMOUNT OF$200,000.00 2. FUNDS WILL BE RELEASED WHEN: A) CONTRACTOR SUPPLIES HIS INVOICE , LIEN RELEASE AND WAIVER OF LIEN RIGHTS TO ESCROW; B) OWNER, MILA S. PADILLA AND HAMID KHATRINE,-PRESIDENT.OF BAPH3` APPROVE OF SAID RELEASE BY SIGNING: "PAYMENT OF INVOICE APPROVED" AND SIGNING AND DATING EACH RELEASE. RELEASES MAY BE DELIVERED TO ESCROW BY FAX. CONTRACTORS MAY FAX THEIR INVOICES AND WAIVERS TO ESCROW AND FOLLOW WITH HARD COPIES. ALLIANCE TITLE COMPANY'S LIABILITY AND RESPONSIBILITY IS LIMITED TO THE HOLDING OF THE ABOVE DESCRIBED FUNDS AND THE RELEASE OF SAME UNDER THE TERMS DESCRIBED,AND IS TO BE HELD HARMLESS IN ALL OTHER MATTERS REGARDING THIS CONSTRUCTION PROJECT, } J� � GENERAL PROVISIONS I 1. Deposit of Funds&Disbursements All funds received in this escrow shall be deposited in'a non-interest bearing account in one or more of your general escrow trust accounts with any financial institution doing business in the state of California and may be transferred to any other general escrow account or accounts. All disbursements shall be made by your check or other instrument as per your instructions. You are authorized not to close escrow or disburse until good funds as provided for in Caiifornia insurance Code Section 12413.1 have been confirmed in escrow.Alliance'ritie Company shafi not be responsible for any delay in closing if funds received by escrow are not available for immediate withdrawal. Delays in closing will occur if funding is by other than cash,bank wire,cashiers checks or similar type items payable through a California Bank. The accounts wherein funds are deposited and disbursed are insured under the specifications and regulations of the Federal Depositors Insurance Corporation(FDIC). You are not responsible for these deposits in the event of bank failure,nor will you provide any additional insurance on said deposits. You shall have no obligation to account for the value of any escrow-related accounting services and incidental benefits that may be prpvided to the company by any depository bank. 2. Proratlons Unless otherwise specified in writing,all prorations and/or adjustments are to be made as or close of escrow on the basis of a 30-day month.As used herein,the expression,"C.Q.E."is defined as"Close of Escrow."'I4.0.Dues;as used herein,refers to any homeowners association or similar body which levies monthly or periodic assessments or dues for common area maintenance or similar matters. You are authorized to insert the actual date of recording in all notes as to commencement of interest and due date of first payment. 3. Recordation of Instruments You are authorized to record any documents delivered through this escrow,recording of which is necessary or proper in the issuance of the requested policy of title insurance. 4. Authorization to Execute Assignment or insurance Policies You may execute on behalf or the parties hereto,assignments of interest in any insurance policies;which are part of this escrow,and forward them upon close of escrow to the agent. With respect to fire insurance policies you shall: be fully protected in assuming that such policy is in force and that the necessary premium therefore has been paid. In all acts in this escrow relating to insurance,including adjustments,ifany,you shall be fully protected in assuming that { each policy is in force and that the necessary premium therefore has been paid. S. Authorization to Furnish Copies You may furnisb Q