The 1995 Escort did not have power steering.
Ford escort has a power steering fluid capacity of one point. The manufacturer recommends that you never overfill the power steering fluid.
Bad power steering pump
Power Steering Pump Reservoir.
According to the 1998 Ford Escort Owner Guide : ( Motorcraft MERCON automatic transmission fluid is used as the power steering fluid )
Your serpentine belt is broke
I was looking at the 1999 Ford Escort Owner Guide ( for North America ) It shows that Motorcraft MERCON automatic transmission fluid is used as the power steering fluid So , the answer would be ( Yes )
If it doesn't specifically say power steering fluid only you can use Mercon automatic transmission fluid.
According to the Owner Guide , Motorcraft Ford type " F " Automatic Transmission and Power Steering Fluid ( Ford specification , ESW-M2C33-F )
na its fine
put it in the thing next to the oil thing.
Use mercron automatic tranmission fluid and do not overfill.