Everett Museum of History 1/27/2022

Rainier Title, LLC - Everett 2722 Colby Avenue, Suite 125 Everett, WA 98201 • _, (425)252-1222 (P) RAIN I E RTITLE (425)329-2197 (F) • teamlovgreen@rainiertitle.com Escrow File No.: 774818RT Purchasers(s): Everett Museum of History Seller(s): City of Everett CLOSING AGREEMENT AND ESCROW INSTRUCTIONS For Purchase and Sale Transaction The undersigned buyer and seller (referred to herein as "the parties") hereby designate and appoint Rainier Title, LLC. (referred to herein as "the closing agent") to act as their closing and escrow agent according to the following agreements and instructions. IT IS AGREED, AND THE CLOSING AGENT IS INSTRUCTED, AS FOLLOWS: Terms of Sale. The terms and conditions of the transaction which is the subject of these instructions (referred to herein as "the transaction") are set forth in the parties' Purchase and Sale Agreement, Earnest Money Agreement, or other written agreement, and any attachments, amendments or addenda to that agreement (referred to herein as "the parties' agreement"), which is made a part of these instructions by this reference. If the Purchase and Sale Agreement provides that a commission is due at closing, the Company will require payment of the commission according to the broker's demand, which will be furnished at the closing agent's request. Any changes to the parties' agreement will be made a part of these instructions, without further reference, when signed by the parties and delivered to the closing agent. These instructions are not intended to amend, modify or supersede the terms and conditions of the parties' agreement and if there is any conflict or inconsistency between these instructions and the parties' agreement, the terms and conditions of the parties' agreement shall control. Description of Real Property. The real property which is the subject of the transaction (referred to herein as "the property") is identified in the parties' agreement. The documents required to close the transaction must contain the "legal description" of the property. If the parties' agreement does not yet contain the correct legal description, the parties or the real estate agent should obtain an addendum setting forth the legal description as soon as possible and deliver it to the closing agent. Closing Date. Unless otherwise described in the parties' agreement, the closing date shall be considered to be the date on which the legal documents are recorded and the funds are available for disbursement. Recording Delays: Occasionally, the county recording office is not able to record the deeds and all other documents required to satisfy the conditions for Closing (the "Closing Documents") the day that the documents are submitted for recording. Modification of Closing Definition: In the event that, through no fault of the parties, the county recording office fails to record the Closing Documents the day that the documents are submitted for recording, the parties agree to the following revised definition of "Closing": Closing is the date on which (i) the Closing Documents are submitted to the county for recording; (ii) the sale proceeds are available to Seller; (iii) the Closing Agent has received the irrevocable commitment of the Title Insurance Company to deliver all title policies; and (iv)the Closing Agent is able to satisfy any other conditions required by instructions of any other party required for Closing. Documents. The closing agent is instructed to select, prepare, complete, correct, receive, hold, record and deliver documents as necessary to close the transaction. The closing agent may request that certain documents be prepared or obtained by the parties or their attorneys, in which case the parties shall deliver the requested documents to the closing agent before the closing date. Execution of any document will be considered approval of its form and content by each party signing such document. Page 1 of 7