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...n 28 million people with mortgage escrow accounts were being illegally overcha...ers are beginning to pay interest on escrow funds held for taxes, insurance, o...

... his residence. As further security [Employee] shall incorporate the [Agency] agency with all of its stock issued to [Employee] and shall cause all of the assets he shall acquire to be transferred to said corporation. [Employee] shall then pledge all of such stock as additional security for the payment of said note. Counsel for [Agency] 's estate shall be designated as escrow agent to hold the pledged stock pursuant to a pledge agreement in a form agreed by such counsel and [Employee] . [Employee] shall execute a covenant not to compete with said corporation which shall provide that, in the event he shall default on said note and the business shall be sold in partial or full satisfaction of his remaining debt, then he shall not solicit or accept insurance ... from any of the accounts then on the books of the agency for a period of ten years from the date of default nor shall he for said period, engage in any activity, on his own behalf or as an employee of another, which shall in any manner involve his transacting insurance business of any nature with any of the insurance accounts then on the books of the agency. Such covenant shall run to the benefit of the then incorporated agency and to any assignee of said agency. This agreement shall supersede and take precedence over any other agreement or memorandum between the parties, whether written or oral which relates to the subject matters set forth herein. This agreement and all the terms and conditions hereof shall be binding upon and inure to the benefit of the parties and the heirs and legal ...

...]'s estate shall be designated as escrow agent to hold the pledged stock pursu...