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CDBG Loan Documents - Martha Moreno and Adelina Moreno
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CDBG Loan Documents - Martha Moreno and Adelina Moreno
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OLD <br />REPUBLIC TITLE COMPANY <br />* * * A MEMBER OF THE OLD REPUBLIC TITLE INSURANCE GROUP <br />275 Battery St., Suite 750 • San Francisco CA • 94111 • (415) 397-0500 • FAX (415) 397-0199 <br />BORROWER'S INSTRUCTIONS <br />TO OLD REPUBLIC TITLE COMPANY <br />Property Address: 142 Center Street <br />Redwood City, CA 94061 <br />Date: October 24, 2025 <br />Escrow No.: 0227031539 -MP <br />Escrow Officer: Michelle Pineda <br />The undersigned hands you herewith a note and deed of trust together with other documents required by <br />lender and funds for closing, if required. You are authorized to deliver or record all of said documents and <br />disburse said funds (including loan proceeds delivered to escrow) when you can comply with these instructions <br />and the Estimated Borrower's Statement included herein and approved by the undersigned. You are instructed <br />to cause to be issued a policy of title insurance as required by lender. Any action to comply with the <br />instructions of the lender is hereby authorized. <br />The following additional terms and conditions shall apply in this escrow: <br />Borrower(s) shall cause to be handed to you executed loan documents in favor of new lender which shall be <br />deemed approval of the terms and conditions thereof. Escrow Holder is authorized to comply with the <br />instructions of the lender. <br />Borrower(s) shall cause to be handed to you evidence of hazard insurance acceptable to lender. Premium for <br />same will be paid through escrow unless accompanied by a paid receipt. Borrower(s) hereby authorize escrow <br />holder to obtain the same from: <br />Insurance Agent or Company <br />Phone No. <br />You are hereby authorized and instructed to obtain current, written demands for the satisfaction of all matters <br />of record that I am to pay through this escrow. A current demand is defined as a written demand for payment <br />that is not expired or that will not expire by its terms prior to the close of escrow or whose date of issuance is <br />not more than 30 days prior to close of escrow. In the event a demand submitted to escrow is determined not <br />to be current within this definition, you are further authorized, at your sole discretion, to obtain an updated <br />demand and to pay said updated demand as submitted without further written or verbal instructions from the <br />undersigned. <br />The following general provisions shall apply in this escrow: <br />1. Deposit and Disbursement of Funds. The parties acknowledge and agree that all funds received in this <br />escrow shall be deposited in accordance with instructions provided by the parties in accordance with Sub - <br />Section A or B, herein into an escrow account maintained by Old Republic Title Company (Old Republic or <br />Escrow Holder) as follows: <br />A. Notice of Option to Earn Interest in Interest Bearing Account <br />All parties have the opportunity to earn interest on funds they deposit with Escrow Holder through a special <br />interest bearing account arrangement (IBA) Old Republic has established with one of its depository banks. The <br />MP/MP Page 1 of 5 <br />Borrower's Instructions No. Cal <br />
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