2. HRSR 04-14-2020 - Laserfiche WebLink

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in substantially the same condition as existed on the date the parties entered into the Agreement. Grantees shall remove all personal property, trash, and debris from the Property upon delivery of possession of the Property to the Grantor. 5.Utility Bills. Grantees agreeto pay for all utility services to the Property through the last day of CRAG’soccupancy. Utility services include, but are not limited to, the following: sewer, water, electricity, gas, telephone, garbage collection, Internet, and cable/satellite television. 6.Escrow.(a) Upon closing on the sale of the Property and execution of this Agreement,the Trust agreesto deposit into escrow the sum of $5,000(the “Escrowed Funds”) from the Trust’sproceeds from the sale of the Property, to be held by Agent in a non-interest bearing account.Said Escrowed Funds are to be used by Agent for the payment of unpaid utility charges for services provided to the Property and for theGrantor’s necessary actual out-of-pocket expenses relating to personal property and debris removal and disposal charges. (b)Within 10 days after vacation of the Property by CRAG, Grantor shall provide to Agent (with copy to Grantees) evidence of expenses incurred by Grantor for payment of utility charges for services provided to the Propertyand any out-of-pocket expenses relating to personal property and debris removal and disposal charges. Agent shall reimburse Grantor for the utility charges andotherincurred expenses from the Escrowed Funds within seven days following receipt of such evidence from Grantor. (c)Agent shall deliver to Grantee the balance of the Escrowed Funds on deposit, less deductions provided for in paragraph 6 (b) above, no later than 60 days following vacation of the Property by Grantees. 7.Escrow Agent Liability. The sole duties of Escrow Agent shall be those described herein, and Escrow Agent shall be under no obligation to determine whether the other parties hereto are complying with any requirements of law or the terms and conditions of any other agreements among said parties. Escrow Agent may conclusively rely upon and shall be protected in acting on any notice believed by it to be genuine and to have been signed or presented by the proper party or parties, consistent with reasonable due diligence on Escrow Agent’s part. Escrow Agent shall have no duty or liability to verify any such notice, and its sole responsibility shall be to act expressly as set forth in this Escrow and Occupancy Agreement. 8.Insurance. Grantees acknowledgethat Grantees aresolely responsible for loss or damage to personal property located on the Property; and hereby indemnify, defend, and hold harmless the Housing and Redevelopment Authority of the City of Elk River, its officials, agents, and employees from any claims for loss or damage to such personal property. Grantees certify and understandthat obtaining insurance coverage for such personal property shall be Grantees’ sole responsibility. Grantees acknowledge and understandthat any liability insurance obtained by Grantor with respect to the Property will in no way insure or protect Granteesfrom liability claims which may be made against Grantees. 9.Liens and Encumbrances. Grantees agreethat during the term of this Agreement Granteesshall not permit or suffer any liens or encumbrances to be placed against the Property, B-2