Escrow Agreement (#27307 - 2976 Tasker Lane) Jul - 10-98 04 : 46P Millwood 9138250637 P .02
07/10/1998 17:06 9138251580 tHt MUKI6Alit GwnPruNV rraat ttzi/J
ESCROW AGREEMENT
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THIS AGREEMENT is made this 3D day of June, 1998,by and between Leonard Knox and
Barbara Knox,referred to in this Agreement as("the Property Owners")and the City of Salina,Kansas referred to
in the Agreement as("the Escrow Agent").
•
RECITALS
A Property owner is the owner of real estate legally described as: •
Lot 20,Block I Teske'Addition to the City of Salina
(refened to in this Agreement as"the Real Estate")
•
B. Special Assessments have been levied against the Real Estate and bands have been issued by
the City of Salina,Kansas,in payment of the costs of the public improvements for which the special assessments were
levied
C. Pursuant to Salim Ordinance Number 88.9252.the Property Owner wishes to deposit with
the Escrow Agent funds which,when held in an interest-bearing account,will generate sufficient inters such that
the share of annual payments of bond principal and interest attributable to the Real Estate can be made.
D. The Escrow Agent is willing to receive such payment from the Property Owner and to hold
•
such finds,subject to the terms and conditions of this agreement.
SO NOW,THEREFORE,the parties agree as follows:
1. rsitaNi. The Property Owner deposits with the Escrow Agent the sum of Five Hundred
Fifty-five and 80/100 Dollars(1555.80), for job 01995-928,the receipt of which is hereby aclmowledged by the
Escrow Agent
2. (hV ,5 t The sum deposited by the Property Owner with the Escrow Agent shall be
deposited by the Escrow Agent in an escrow account under the Citys Special Assessment Escrow Fund and invested
as permitted by law.
3. ANNUAL WTTHDRAWAI•. In January of each year,the Escrow Agent shall transfer from
the escrow account an amount necessary to pry the annual bond principal and interest payments attributable to the
Real Estate and the 5%annual administration fee. The amount necessary to pay bond principal and interest will be is
transferred to the City's Bond and Interest Fund and the administrative fee shall be usasferred to the Citys General
Fund.
4. TF2MINATION(. This Escrow agreement shall terminate on December 20.200 att •
ributable
coinciding
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with the payment from the escrow account of the final annual installment of bond principal
to the Real Estate.
•
5. BNDM R• This Escrow Agreement shall be binding upon and inure to the benefit
of the heirs,executon,administrators,devisees,legatees,successors and assigns of the parties.
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SA5050DF Special Assessments - Work With Tract Assessments 6/19/98
11:24 :52
Job: 1995-928 Schilling Road Drainage Area A (Tasker - No. Side)
Tract# Lot Block Subdivision
27307 20 001 689 TASKER
Lgl:
Type options, press ENTER.
2-Change 4-Delete 5-Display
Opt Year Principal Interest Payments Assessment
_ 1998 52.3710 26.1855 .00 78.56
_ 1999 52.3710 23.5670 .00 75.94
_ 2000 52.3710 20.9484 .00 73.32,
_ 2001 52.3710 17.7800 .00 70. 15
_ 2002 52.3710 12.8833 .00 65.25'
_ 2003 52.3710 10.8670 .00 63.24
_ 2004 52.3710 8.7983 .00 61.17
_ 2005 52.3710 6.6773 .00 59.05
_ 2006 52.3710 4.5039 .00 56.87
_ 2007 52.3710 2.3043 .00 54.68
Help F3=Exit F5=Refresh F6=Create F12=Cancel
'City of Salina #x7307
®� e P.O. Box 736
4-4-.V,41-;--.TV`' 7/13/1°48 9?OC28. 5
Salina, Kansas 67402-0736 RECEIPT NO.
saLina 2-2
DESCRIPTION AMOUNT 1
PREPAID SP L20 81 TASKER ADD. LEONARD & BARBARA KNOX 555. 80
553-000 557. 000
41--...,c Y t&-E4:4 '-Ht-r '":YU
4 .
q iv.
o THE MORTGAGE CO. RECEIVED BY: 555.80
REC
DL�0 mg033 555.80
ORIGINAL RECEIPT
Jul - 10-98 04 : 46P Millwood 9138250637 P. 01
(913)825-2177
= r='Millwood 1A #825-03l7
6
10I South 6
Realty, Inc. sauna. Kansas
67401 —
TO: p nnv
FROM: et—tt '\ NOF -0-(--r‘er
COMMENTS : JSC e CX C4 yac
L-e QT 1 c6Lti`a_C S c. > e_ I h a c a -IZ0
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•
Number of copies including transmittal sheet:
Please call if you do not receive all pages of transmittal.
Jul - 10-98 04 : 47P Millwood 9138250637 P. 03
07/10/1998 17:08 9138251500 THE MORTGAGE COMPANY PAGE 03/03
}�
EXECUTED this �C. day of June, 1998.
Le nar6 d sc �� : .•
"Property Owner"
Barbara Knox
"Property Owner"
CITY S INA,KANSAS
BylI. . i
Rodney Franz
"Escrow Agent"
STATE OF KANSAS,SALINE COUNTY,ss:
The above and foregoing instrument acknowledged before me this ,30 day of Jute, 1998, by
Leonard Knox,the Property Owner.
_
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STATE OF KANSAS,SALINE COUNTY,ss: 211.
- a�/a1$d0��
•
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The above and foregoing instrument acknowledged before me this 3 0 day of June, 1998, by •
•
Barbara Knox,the P,up.,ty Owner.
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Notary
STATE OF KANSAS,SALINE COUNTY, as:
fit I1th
The above and foregoing instrument acknowledged before me this )-r `day of4 atri998, by I:
Rodney Franz,Finance Director of the City of Salina, ,on Self of the City of Salina,Kansas.
Self / L Cfc
L . I'
I ROWS*dkkrs Notary Public
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