Except for Escrow Clause Samples
The "Except for Escrow" clause serves to carve out exceptions for escrow arrangements from the general terms of an agreement. In practice, this means that while most provisions of the contract apply broadly, any obligations, rights, or procedures related to escrow accounts or funds are governed separately, often by specific escrow instructions or agreements. This clause ensures that the unique handling and protection of escrowed assets are not inadvertently overridden by the main contract, thereby maintaining clarity and preventing conflicts between the general contract terms and the specialized escrow provisions.
Except for Escrow. Repair Loans, the proceeds of the Mortgage Loans have been fully disbursed, there is no requirement for future advances thereunder and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making, closing or recording the Mortgage Loan have been paid;