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upr000349 107

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upr000349-107
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University of Nevada, Las Vegas. Libraries

sfsfI properties of th* S a lt lake Company and the fmaftfie# which the ||p. mi'lro&& companies agree to pay tefore delinquency' Yew axe Xnaurueted to request the Flcneer T itle Insurance Company a t mim to s ta r t preliminary' search of t i t l e o£ the proper­ty referred to in jNtragraph (1) of Section 1 e f tim Sal® Agreement ami t© start pm&mm&lon of the preliminary report referred to In paragraph {«). of Sect ion I? of the#® Instructions* The S e lle rs sh a ll .pay for the policy o f .t i t l e inaitnaaoe paragraph® (.to} and (©} of' and the preliminary t i t l e report referred to %/Seotioxi I f of these Instructions, the'coat of documentary stamps to is® affixed by you pursuant to section 3fe&8 of the Internal Bevenue Code on a l l imatfu ?ant* conveying lamia, terso^ente or realty to the D is tr ic t, the co®^ of recording the document referred to in pasiigrapl& fi of Section 1 1 of these instruction®# and one h a lf of your escrow fees. Prior to the sale date the. S e lle rs tr ill in stru ct you .as to the amount of do umsmtary stamp® to m af.fix&>4 by you pursuant to section fllS-i #f the Internal Revenue The D istric t sh all pay the cost of recording the documents' referred to in Section® 1 # 2, k, f and T of Section HI hereof and one-half of your earner fees, 1 All funds received by you in this escrow shall g# held in trust ty you. as a special deposit:and shall, be kept separate and distinct from your general assets, ill such funds shall, ke/oontin* uously secured for' the benefit of the Mstriet end -the Sellers by depositing .with the Treasurers of the Slat riot and of the lm%er> ea®- ponar ea. collateral security 'Treasury Kotos or 'United states Bond© If, - fa