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Escrow Agreement Form. This is a Connecticut form and can be use in District Court Federal.
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Tags: Escrow Agreement, Connecticut Federal, District Court
ESCROW AGREEMENT
THIS ESCROW AGREEMENT, entered into by and between the UNITED STATES
OF AMERICA acting herein by
, United States Attorney for the District
of Connecticut, and __________________________________________________________ of
__________________________________________________________________________,
and the Office of the Clerk of the United States District Court for the District of Connecticut,
acting herein by
, Deputy Clerk,
WHEREAS,
is a defendant in a
certain criminal prosecution now pending in the United States District Court for the District
of Connecticut, entitled United States of America v.
,
Docket No.
; and
WHEREAS,
has
signed as sureties, a certain appearance bond in the amount of
($
) dollars to assure the appearance in
said prosecution of
, and
WHEREAS, said
has
executed a Mortgage Deed in favor of the United States of America dated
and recorded in the land records of
, 20
, on
, a copy of which Mortgage Deed is attached hereto as Exhibit 1, and,
WHEREAS, it is the intention of the parties to avoid the necessity of an action to
foreclose said mortgage under the terms of the said appearance bond, and
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WHEREAS, in order to effectuate the intention of the parties as aforesaid, the
obligor(s),
has
executed a Warranty Deed in favor of the UNITED STATES OF AMERICA, the original of
which is attached hereto as Exhibit 2,
NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants
contained herein do hereby covenant and agree as follows:
1. Pursuant to this escrow agreement, the Clerk is hereby appointed as escrow agent to
hold all of the documents comprising the Property Bond Package which are as follows:
a.)
b.)
c.)
d.)
e.)
Appearance Bond;
Agreement to Forfeit Property;
Appraisal of Property;
Certificate of Title;
Copy of Recorded Mortgage Deed or Mortgage
Deed with Affidavit of Counsel;
f.) Original Warranty Deed; and
g.) State and Local Conveyance Tax Returns.
2. In the event of an entry of an order by the United States District Court for the
District of Connecticut forfeiting the appearance bond, the Clerk shall deliver the Warranty
Deed to the United States Attorney's Office for recording on the land records of the town in
which the property described in the Warranty Deed is located.
3. The delivery and recording of the Warranty Deed shall serve to extinguish and
release whatever right, title and interest, the obligor(s),
may have in the property described in the Warranty Deed.
4. In the event of the fulfillment by the defendant of all his obligations under said
appearance bond, at the conclusion of all proceedings, including any and all appeals, in the
criminal proceeding entitled United States of America v.
Docket No.
,
pending before the United States District Court
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for the District of Connecticut, the United States Attorney, acting on behalf of the UNITED
STATES OF AMERICA will execute a release of the Mortgage Deed, a copy of which is
attached hereto as Exhibit 1, and the Clerk will return to the obligor(s),
,
the Warranty Deed. The cost and responsibility for the preparation and recording of the
Release of Mortgage shall be upon the defendant.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals.
UNITED STATES ATTORNEY
BY:
ASSISTANT UNITED STATES ATTORNEY
Dated this
day of
.
, 200
DEPUTY CLERK
DEFENDANT
Dated this
day of
, 200
.
MORTGAGOR/OBLIGOR
Dated this
day of
, 200
MORTGAGOR/OBLIGOR
Dated this
day of
, 200
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