An escrow agent should provide the parties with a receipt for the escrow property, a copy of the escrow agreement and keep complete and accurate records. It's a plain-English guide to the rights of consumers and law clients, and the fiduciary obligations of escrow agents.10.8.3 Where the Parties have given conflicting instructions, Escrow. Agent shall take no action to cancel Escrow or deliver funds or items out of Escrow except. (b) On the terms and conditions of this Agreement, the Escrow Agent shall deposit the Proceeds and any interest earned thereon in the Escrow Account. The check is usually made out to the seller's attorney, who holds it for safekeeping in a separate account called an "escrow account. New York contracts typically allow Seller to keep. Buyer's deposit on default. PURCHASE AND SALE AGREEMENT (Storage Deluxe, Fordham Rd., Bronx, NY Property). Download. Save. Share. How to fill out the Escrow Agreement between Seller and Purchaser?