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HomeMy WebLinkAboutD-0158 f I 2 I 3 I 'I S (j 7 8 9 10 II U . z Z c 13 J 03::; W<m Cl~. 1'1 "'~J ::)<:! I-U)~ iJl~z 15 ~ < d:!Z"':;: .00 ZONtt Zl-~Z 16 :>1-00 <,,' o . --" 0 17 " 18 19 20 21 22 23 21 25 II I 'I ,,, \ . -. RESOLUTION NO.-f.?t1. ~ , THE CITY COUNCIL OF THE CITY OF ARCADIA DO RESOLVE AS FOLLOWS: That that certain Grant Deed, dated February 17, 1928, executed by Peter M. Anderson and Henrietta Anderson his wif~, for a consideration of $10.00, granting to the City of Arcadia, a municipal corporation, that certain parcel of land situate in 'the City of Arcadia, County of Los Angeles,-State of California,~,_ and more particularly described in said Grant Deed, ~ and the sarne is hereby accepted by said City of Arcadia. l!'-" \ The mndersigned, City Clerk of said City of Arcadia, ,- - - ~ - ' doe s - hereby cert1fy'tllit-tli'e' fo-regc'ihg is 'a "fU:ll;- true' and cor- rect copy of a Resolution adopted by the City Council of said City of Arcadia, at a regular meeting thereof, held March 7, 1928. WITNESS my hand and the Corporate Seal of said City of Arcadia, this 7th. day of March, 1928. flifto!tO~~c~dia. fA ... ., '- ~ ~rnnt mrrb /0 (S/ \ " PETER M. ANDERSON and HENRIETTA ANDERSON. his wife, ----------.-------;------..-----........--------------.--.....---------......-----------------....-.....-----..------....----------....-------...---- --....----... _____oo___un----.--..._._ _. _n_ _ ___________ . ...._____________..._......__..__.._.____________________.__... _ ______ _ '__0_____ _ _ ____....________...._______..._____ in consideration of___n__n __n_.n__nT_en___L$),.O_._O.o'l__ ___________n__n__n_____n_n_n_n________n__ _______________ _ _DOLLARS to_____themn _.in hand paid, the receipt of which is hereby acknowledged, dO__________n______________hereby ~raut to______Q;I:TJ. O~___ABCl)._~UAL!!_:nJ!l~ll,J9Jp~Lc_Q~Jl()_r.~_~i o_~ L n___:n ...~----- -- ---"- ~ ---..J all that real property situate in the_ _ ____________________. _C1_ts___Qf__.Ar._Q_a!:l.1_a n___nn _ _ ________n___n___n__n_________. , County of Los Angeles, State of California, described as follows: !~;_~~;:-~-~~:~a~:~~;;~:.;~~:~~:;:;~;~:_~;;:;;;;::~;_:._:_::~;;~~~_~fo p~:_::'n~:_8_~/:~;_~_: I Records of said c~unty. thence South,890 361 West 36. T7-;:~~-~~---~~-6~~nn- ! _.___________________.____ _ _____ _. ......_~ __ _ ______'____h_____________..________________________________.. n___ _ __._....___ __ _ ___________._______________.._____ I __ tl1._en_~_Cl:r_t.ll_erlJ _ ~~IlEl. o~___\V~~!l':l~_n~,,_e_!l1J.~___~_Cln then_~Clu~_lle~_s_t_~J:~}"___~_o_r.Il_~~___~f___~ot __.~J.i'r-~-!!-9Jo-,N: o._,___45.?~_L .iIl.__i;l:J._~__9()1.l_Ili;.L_()_f._._r.Cls,n~:n.g~-~e .13'__ . ~tf.l~ El .()_~ .n~ll._li~_Cl:rJ:l~<3:' ___lil3___P_~_r.__~~p . :r_~.c_():r9:~d, J'_Il__13_()()~__lj._S._L:>_agEl___?~___()f..__~_1l,P.I3!__. Ft_e_c:()_rcl_s___()_f___!l_,,_i_cl___C_~\lIl- _,_~l_ ;__.,~_!l~_Il(}_e _ _N.Cl:rt_ll___q~ __~li:'____YV~_I3~___,,~_o_~~___~ll:~__ _~li_~~e_:r l!__~ ~Il~n o~_n~<l_~~___~~_~_~'____ I __5lj._1,._5_()J~e.t.L t_l.1ElD.:c:e. _ll_Cl!~!l___~~~_}_~'___ .E!l_s_~__~~?_;_I.? _~~e~___t.~ .t.~_~___E.<l_s_~e_~_l~____li~e of said Lot 148, Arcadia Acreage Tractj thencerSouth 200 421 West along. ------~\":~-c.-(~-ij...l.;;; - __----. ...n...____n - ._....__00______.......______...... ---:-.--------........----- _. h._ - -. _h_____ - ---.:-~-.----__.._____.-----..______ ~{~e 'Ea8{~~~y line of said Lot 148, 580.42 feet to the place of begin- ) " :__;______'_____________:.~---------n------ _________________________________}_____________n_____________ ______m________ ___________________________________ ': . '.~ning, c6nta~ning 1.75 acres, more or less. r_,__________hh____..__.. ,--,"__on _ n_..____ _ _ _____.._____________.._________... _______________...h_h____.. ..,.___ _ ____....___. ..______..________..__..__...__.... <"-- ''---= ' ~ ' . ;:;~ : >,;~>:-,:-::::,:;:__):<;;:: ______ __ _________ _ __________n_______________________ __________________n________ _ _____u _ ________m _ _______________ _______________ . ':':'["10 ~-fb ,-' " \ -----------:i.,.,.---------.-.....---... ..---------------------.--... - ------...----.------------ .._"_h___ . n_____ _ ._._h___.. _____________._____.h__..___.___ ...h______....._______hh_____...._ _. .._h___.. ..___n__._..________.........___. ________..h_______.....________.._______ ___....___ __ ....h______h_________...___ _.. ~-- /' -,....-' , successors IDo lIiaul' au1l to lliolb to the said grantee___i t a____ _________________xkeUstor assigns_____ _ m__________'_________ __ ______ _____________________hn___ __ ____ _ _ ______h_ _ __ _____________:_____h_n______ij___-_________h__,------------- hn___ _ ________m _ __Uh________h_______-____________ lIitUl'llII h____Q]J._~ __ han~_!!h_h, this _ _ hh__n_____./7n-:--:.'_hn___m___day oLh~e.br.ua.:rr___h___________' 192__e_ n \~ ~p __:--:-::~M:!:--_:-:-::_:::_n.n-:::___--:----_:_::-:--h_, _uhnh_t?l~C(___U~~~__~ ,- ! _.n.............h___.... ......_______......___. ....h_____.___..... _...._______ v t., ,...,.." t'" ~tufr of llluliforniu } BB, Cllou~t!l of tOB AngrlrB On thiS---nnn _ lZ__~ 'n____day oL__n_ F~1J_!tl_a,:ry____m__n, 192...~__, before me, ,> :: 7.1 ) , n ~_~r:;:) _____'____n___hh_____~___.~kUL~/~-tJl~tary Public in 'and for said Co unty, p erS#IIY a p peared__ _ _ _ n _ n _ n _ _ _ _ _ _f. _~.t f')_ ~ n M_,_ _ n~ng,~*_ ~ Q A_ _ ?,nQ._)! _~_n;FJf') _1>_ j; _9,_ _ A._11 ~_e_J:: _~_9.nh_ m_nnnh_ _ _ ____~_n'h~_m__mmn________ _ ____________ _____________ ____nn___________m__ _n___m_____n_______h______ _ __________h_ . / j: known to me to be the person___~_whose name___!L_1J._~e_n_____ __ subscribed to the foregoing instrument ., Ii il >---11 .... and acknowledged thaL_1henYexecuted the same. 1!lIIitlU'1l11 my, hand and Official Seal. ,', . ~l IT..,.j , ....\ ' , r "I lI:..,_ ~ / -- I' ----------------------N~t~1$L;;:-~;,~-c~~~~n~fnE~i;i~~;';~- .lUll OQl1~missio" E.cNres Sept. 30, 1931 ~- - , --. 'r' - : -- . , " ,'; ~,. .J J '- ." \'.i ~. \ S \ . I /' / :! ,- ,I _'L..--- ,_.~.~,..._._ _...-...--..=l~"'_"" - ~~ ~~~..--- -- 't1 trI >-3 ~ trI :>:l I!:: ~ '. ~. (, ::t ::-> I~ :21 ...... ' t:l '\" trI .~I'" 00 ::>J :00 :0 ~ il2l ,~ ~ Cl> ~ c1- ~ >l t,ot' :0 :H ':..;1 :><l :0 :"';1 :;.. .., .~-::>:l- 0 :0 :;t> :t::! H I:>> : ",-, ~! '.... .... -...~-.+'-.: _ ._4.... _['"'" -" ,.....~-..-.-.-;.- ~~ ~'-:" }. ......;:- .o..-.r-f:;., ~-'. '--'!;.--'-~"'?';;'--'''''''''::''''' ,,' --~.... _"I.... ~">-v ____~______'_~__ -----, \ ir;, ~ ~i :;Q, Cl 0 " " lT1., " 0' \. ) ::;1 ')I.t C? 0- :>> :G .. 0 il C'?, c 0 "" ~ -=- I-j ... :-1 '" -,' 0 '-" .0 c+ '" ~ _U :;;J. ~ -'- P> '< :G- ':\. " ~'o '0. :. r--... -., ~ " =1 ,~ ~,..", ...' :11:: " ,- ~ IOl\:) P> , -\-- ~, ~~c; ~ :Cl> ,~' :; I I~~ ,Ill . -, ;.:\ I. ',>.- " ~~ 0 :0. ';:' - to ~ -.,. \':t- P> :Cl> ;,) N I-' I' -c 00 ~~:::o \~ .... , '~ ! l() ~m. H, " a l. _0J a~~. '0 ~~ " " I ,-0 . . \lIi , "< of I <lP S?C: M- r,t ~ =, I 0 ~q ;::;:J '" r' ~ . ,..., t) ('to .-+0 .. I 00- a f..< I ' ,~ f i~l (~- ,I: f!. --I", "7 .~ - " , -- ,- .-:i, ,;")" I, ~ (0: - ~ .. f):7 .~.. t"3, I' .. "'"", 1;.1.. -,. :---~ I . . , '''*1.~IPAlI Pdld In Capital and Snrplus Over L200,OOO DollarD DIRECTORS ALLIN L RHODES PRES'DEI'<T W P WAGGONEfl VlCEPl'IES'OENT.....NAGER EUGENE WERNICK VICE PRESIDENT W B MORLAN S[CRET"'''VTItE.o.'''URER SUCCESSOR TOTHE BUSINESS OF -!!~ ~6~LiN~~i~~~f;.i.:~~DT:RUU~~~g !~- -StD LOS ANGELES TITLE INSURANCE CO KtM- 626 Soulh Spnll\) 51 DIRECTORS FRANK P DOHERTY ...no"..n A1LA""" H L CARN"H"N AnO''''I' .lor '.-"'IN DAN C"''''PBELL ....,,'" CW ITALY GU"O"LE .J T COOPI'R S[CU'"'TVHIUST.S...VINGS...."K ~~~~~k~,.~~l Phone .TRlnlty :1221 Ho. 359877 Guarantee 181-18 Issued for the sole benefit and protection of 01 ty of Arcadia. After an examination of the official records of the County of Los Angeles, State of California, except those hereinafter mentioned, and of the official records of the Federal Offices located at Los Angeles, 10 relation to the title of that certain tract of land hereinafter described, the @JiforniaJfitle Insurance @mpClny II corporation of Iu Rnlldr.. !California Hereby 4!luarantet! in a sum not to exceed $4500.00----- that said title, as it appears from said records, is vested in C I T Y o F ARCA])IA a municipal corporation. F R E E o F IHO Ul.1:BRAHOE S Except 1st: Taxes for the fiscal year 1928-29. I 2nd: The second installment of taxes for 1.- - '~, " . ~ .' . . 359877 - 2. the fiscal year 1927-28, covering this and other property, amount $56.25. Assessment No.. 651031. DES C RIP T ION That portion of Lot One Hundred Forty-eight (148), of the Arcadia Acreage Tract, in the City of Arcadia, County of Los Angeles, State of California., as pe_r map recorded in Book 10, Page r8 of Maps, in the office of the Recorder of said County, described as follows: Beginning at the Southeasterly corner of said Lot; o thence South 89 36' West thirty;six and seventy-seven hun- dredths (36.77) feet along the Southerly line of said Lot, to the Southeasterly corner of Lot Four (4), Tract Number Forty-five Hundred ~enty-two (4522) as per map recorded in Book 48, Page 28 of Maps, Records of said County; thence North 00 24' West along the Easterly line of said Lot Four (4), five hundred forty-one and fifty hundredths (541.50) feet; thence North 890 36' East two hundred forty-five and seventy-two hundredths (245.72) feet to the Easterly line of said Lot One Hundred Forty-eight (148); thence South 200 42' West along the Easterly line of said Lot One Hundred Forty-eight (148), five hundred eighty and forty- two hundredths (580.42) feet to the place of beginning. '." ' .. ',1' '. .' . 359877 - 3. This Guarantee does not include an examination of, or a report on: 1. Adverse or possessory claims or rights not shown by the official records hereinbefore mentioned j 2. Existing roads, matters relating to water rights, mining claims or district records; Municipal Records and Liens created by the Act of any City other than the City of Los Angeles; Exceptions and Rights Reserved in United States or State Patents; Ownership of the subterranean water of Los Angeles Riverj 3. Restriction Zones or Governmental matters relating to occupancy or use of said lan.d or of any building thereon. Proceedings and assessments for municipal or district improvements in the City of Los Angeles. unless the amount of assessment therefor has become a lien of record in the manner provided by law. Proceedings and assessments by any City, other than the City of Los Angeles, for the improvement of, or sewers in, any street or public place, forming an exterior boundary of Los Angeles City; 4. The validity or legality of any tax sales, assessments. attachments, restrictions, leases. easements, declara. tions of homestead or money judgments if any are men~ned in this Guarantee. The liability of this Company shall be limited to the amount hereinbefore set forth. Protection hereunder, as so limited. shall extend to each subsequent owner or pledgee of any indebtedness secured by mortgage or trust deed. if any is shown herein, as such interest may appear. IN TESTIMONY WHEREOF, the CALIFORNIA TITLE INSURANCE COMPANY, has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, this _______ _____~_\'ln:!;;y."'_\'lJ_gJ}.t.h____Q,_2,y.----Q-:Ll\illr.clL,.-..l9.2-a.-----a.L8-~.3.(LA_a_,M.___________________ CALIFORNIA TITLE INSURANCE COMPANY JI{}'f- 20lfr ,.ORIII ., ~ _._~ ,.. "'-. ""'" , :-<- , 'iF<_"'~' 17 N.I 10N t..... ' ~ It 60 ~ 1 .. ~. t plot ,...s;;;-kh"~ p/ .60.' /48 A/BCRO,<"7 4CIZERG,6 rre.AC-r- 4~ ,10" ......a/"' r,co,-d,d,n ./3001/' /0 ~~e 18 /'1~5 cL O. 6l, ,('='Q/ + ~ . , ""~ "... -r-;e::ACT /'J" 4622 o 1'18 4-8- 28 . ~ , f-- IJ 'Y /S"ZSo/ '''-./A.L.--r.../vr- .$8.9"'..3(; ''v 4-S>O <> AV,J:'0 c '" . ~ ~ \~ ~ , "~ ; '( I - I S,E: THIS CERTIFICATE IS APPURTENANT TO_:2 tz, N.JU-f ~-~cnr(, /1:>- /"-r/1>'-Zm~ a'J 1/" ' . X'.a. e. LOLL .'J OF THE ARCADIA ACREAGE TRACT . .-- , BRANCH'NO, ( ~ Ii- ) .~/ 7 19~ , a/ ~-C4-t:1&;" .~/ I t':' 'l"I' , .,,/ . Ak.-.....-_..L-uJ /1.J1)Cl!;;;, L<-~ / f II JI'" ESCROW ~~, 17 vC! I '-"';rl-' ~'.,I- RECEIVED fROM ~..L- & ~ I,.,. I;-J \-- ,/Xt'J.A~ ~.~_ I TOGETHER WITH IN? 27,26~. $oIJ.J P" .s- e::=- - ~J' '-VOOLLARS /' - IN CONNECTION WITH ABOVE NUMBItRED ESCROW ~,~?!,~,g,~!!!!u) -TRUST DEPARTMENT ~~~~c.ow omcs. :127111 TRU. 262.-28"'.0.27 ORIGINAL BUYER AND SELLER Earnest Money Cash - Mortgage T ru.t Deed $ $ $ $ $ -- .~ ESCROW INSTRUCTIONS BanIt at _Itn1yJ!.'i'.~ a._fllO!h._llrcndlo_Branch._ftrcadin. (NAME OF' BANK) (CITY) (STATE) en lltornla .. _Februnry_ f .1928 '-, -- ---- '--...... ~, _h~nd_yg_,! h_e!~wlth ches-kJ~!..-$ 4889_. __ . ~rawn _OE OO~llll 11lll#:1v;ft:w\;1IllIt ._ =n fro~~:i"'''-~''''''-~ -'"....... ~~ua. 1-,:7111 al.o_ d~Ii~er_to_you_~nyjn.trume~h_ which this escrow require._ .hall be_executed by_me. all of which_you are mstructed to uae, provided_within ~ SO_ - . day. from date the necca.ary mstrument. ar-e delivered to you to enable you to have a Guarantee Certificate of Title or a Conhnuation of Certificate of Title mode by the nt.1~ Guo.rQJlt~~Oa:'l 'Lruot-~. - _-=_~- --. ~~ \~~. on the_loll~~i~g -d;.c,:bed p<op.,ty: eOG1Dn~ at tho Southouotor!y eorner of Lot 148 ArcndlB Acronr,o Tr. fie p' r cop recorded in & -'..v 'POBO-lo or nuy5-,-~euro8-usr.= autd-Co1JJ1ti;-'th~..,JG -Svw;';. e~ t:!c~o 561. r:--c=t. !e..?7 rce~ ~1e!13 ' I jtho Dorthr-r11 lino of t:'alnut Avo. to tho !(jO. 'r:ootGr1l_~~mor or lot ~ 1r. lJo~ 4522 'in the Co. 0 I , "~~~.k~~~~2J.F.~lth~g~Vll; 1fiR{g~rot~cm~~iO~- r-;. fe.illtgS~g!'fl:69~~o3a~o" B8'fitd2~i~~$l n10ne tho tootQ" .o!nllnfa -f Ol&9..to tile l't1ig06!o~5'01lhW~~g~ doS. <l~ 'IV:G1 , . 'i'llo y of-;~rcn~ !l~_n . o~pn_ _oorporntl,Oii ,,_ __' _" _ -- , hee 01 incumbrance _eIcept_ oacon4 hnlf ;8%e. 10' 6.co1 yea, 1927-20 to bo' pro-rntca to eloeo of Goer -,,--- ~-- -~ - - -_-- ---~-----. - 1-- -- SubJect to co~dltIon!. restriction. and reservation. of record rlcbt._ ond riGhts of 't:BY of record. Rec~r"~"'~'~.\nAQ~..AlJT""..n.":r~t.:i._.. J ~_~'....._..n~g..~,;;j r.~~-"~~~ ~l'InlA~'~ Mlh~ "b,y- :!Ai c -........-. . '. ~ Zli."t;d v . '"'i:"J1 .JlS'....n I '\Ill:. '" < ~ paJ61HZ. "';~'."':~.5dllhl\":'dll 'M :p .&et-<(i!-iJ~~I~_88 "0. t,ol2m<'ttW- Bl!M) -1 - --- - - -- , ' )i'.~~Ii1~ .II ~_'_ ~~~:::'b -_: __ ;aaY'iH'IUll/,1 :. .' , . uMiI~Ii.E :.l.ala~B. tie~'WI~lBtISJIl.IIt"'2[t". _. ___ _ __ _ _ _ '.____ ~ J,__"...J_ ,I ~~~--'.- m -, , 4~"" ____ _ tlonoy ~O_dOpoDlted cl.th_~ ~or~o.ndillg_thn1; ~ adt11tloDn~__oum' " duo tho 001,101'0 oi'tcr figuroD nave bo!lD,,~omputed o_n tllO Doed., 1:11 tho: . - - - - ArcOOlo City- -Enelnoe.... un1 'be-dopooited -lo-oeo.1"o17 -by-tho City -01' fi1"ond1 . __Fropel'ty__ieboinG 0014.00 tJ'lCLbaoio'_of_,02600'.onrccro__fo1"_opprox.-l 5/4 \loroo ',. -. , --~-~--- - -'-,,- -'-----1- l~ \ - ----.. . . I.. It is understoC)d'ihat th-e-CertJftcateof Title made- under abOve -instruchon"'8h~11 li~rubjectto alrHl"e conditio-n" cont;Nnecr in -the regular _form of certIficate, which doe!-~ot_ melude _an__exa,minatIo!1~oJ_the~ cl!y'-'rec~'rds~of, any ,city e.!..-c~pt_ ~r~E!~:a.B_ __ _ __ _ When thi. transaction ha. been completed you will instruct the County Recorde~ to mall to my addres. all doc'ument. recorded - --- - -, --~ ------ -- - -------~ - -------- -- - ---~ ,--,---- ----- ---- for me. I agree to pay escrow fee $ a.50 and $ 6.00 for .howing tItle in me ID additIon to the I.. I~~- ;:;~'d.~g doOCl. (Crlltiii to City) --. - . --- -- -- - -- --- -In theevent that the-condition.-of-this-e.crow-have-not-been-complied-with-at the- exptration--of the-tune provided- for-hercnn,- you are instrltcted to complete the .ame at the earlie.t date posllible thereafter, unleu 1 .hall have made written demand upon you for-tne return of aII initrumentll deposlte~ l5y-m~.- --- ~- - - ------ --- --~-- - - -~ - - - - - ..... __ ,_._-_--..-_--__-__-_--:-:-~ig~ure __~__ __~____ ___ _... Phone Addrells _ nCll.li.. of. l~lIly. ..n~i'.&S.JlO-G!l.. _~r~Q4lo CnllforDln _ ~~-_~.-- ~~~:~V ~'B/7- ,~9 29 - - - - (NAME OF BANK) - - - (CITY) . -- - - , (8TATE:)- - -- The condition. as above are hereby app~oved ~nd _1_ _ _ hand ~~u hereWith _~_ ~eed exec~t~,d _ ~y _ ~ f \ C1ty o!,--/\rcod1n. Q Oiincipnl corporntion- I, to conv4Iiee prl)perty above de.cnbed. which you are authorized to dehver upon $ _ within the time a. abpve providt;d. _ _ _ __ Pay. Charge,. for Certificate of, T~le_ (,:xc_ept t!te ~e..!'~~n_c:r"" !~e)__ ............. - - .. ';.:r D!:Il:IlZ Kevenue on Ueed ~ payment to you for -my account of the .um of E.crow Fee $ -0.00 Above C10UDO rocnrc1iJIG nddltional GUm ~ich ll<'Y be duo uo by ronDon_ of ficurina aboVe Doed by tho City Imainoor 10 oot1ofoctory to us. you; check for balance All of the demands of the purcha.er of the property as set forth above are hereby agreed to and the provuion for exten.ioD of hme within which ellcrow may be closed apphe. equally to m~. Phone Slg~ature -' Addre.. ( " '- ~ I FO'.. ~~'f' - If -- ~"UlQ. ..~ou.,. ~o , ,u..'INOI.. lOI ~"IIU. ''II!G 1,I. .....T 0"" .TANC.....C IIl,lYJ:1l "'ND .ELLS:.., E:.CADW IN.TI'lUCTIDN. , ESCROW N~ ., ~ ESCROW AGREEMENT It 18 agreed by the undcnigned that 80 far as the rights and habllltles of the (NAME OF BANK) are Involved, thiS transaction III an escrow, and not any other legal relatIOn. and the Bank is an escrow holder only, on the follOWing terms: No rescission of this escrow or modification of It. terma or any notice or demand shall be of any effect without Jomt conaent in Writing subSCribed by the undereagned and assented to by the Bank. Bankruptcy, insolvency, absence. death or diaabihty of any of the parties hereto shall not affect or prevent per- formance by the escrow holder of Ita mlltruchonll The Bank .hall be under no obligatIOn to institute, defend or parhcipate in any lItigation respectIng It. own mterest or the mterest of any of the other parties hereto. The undenlgned. however. Jomtly and severally undertake and agree to mdemnify and protect said Bank from and agamst any and all los.es, demands, Judgments, expense. in~ eludmg attorney's fee., and other liabilities which It may sustain or Incur .hould it matItute or become mvolved many such htIgation, or which it may otherwise sustain or incur 10 good faith aa holder of thiS escrow. Nel':'otinble or non. negotiable instrumenb recelveg in t~is escrow may he transmitted by the Bank for collectIon either directly to the drawee or other persons obhgated. or otherwise through collecting agents. m the usual coune of business; and the Bank shall not be responSible for default of any such drawee or obhgor, or any such collectmg agent: and credit given for any such Items ia understood to be conditional on the proceeds In actual cash bemg received. As security for the prompt and faithful performance by the undenigned of thla Agreement saId Bank shall have, and It IS hereby gIven, a fint and pnor hen on the rights, titles and mterests of the undersigned and of each of them in the documents, moneys and other property which may be held or received m thiS escrow Dated 19_ (CITY) (STATE) ,-~--- " , ) /