My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
GALLEGOS, ANNELEE
Clerk
>
Contracts / Agreements
>
G
>
GALLEGOS, ANNELEE
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/25/2022 2:40:03 PM
Creation date
7/25/2022 2:37:46 PM
Metadata
Fields
Template:
Contracts
Company Name
GALLEGOS, ANNELEE
Contract #
A-2022-108
Agency
Public Works
Council Approval Date
6/21/2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
12
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Pursuant to State Law, prior to the close of escrow, Buyer will provide Escrow Holder with a Preliminary Change of Ownership Report. In the <br />event said report is not handed to Escrow Holder for submission to the County in which subject property is located, upon recording of the Grant <br />Deed, Buyers acknowledge that the applicable fee will be assessed by said County and Escrow Holder shall debit the account of Buyer for same at <br />close of escrow, <br />16. NON-RESIDENT ALIEN <br />The Foreign Investment in Real Property Tax Act (FIRPTA), Title 26 U.S.C., Section 1445, and the regulations there under, provide in part, that a <br />transferee (buyer) of a U.S. real property interest from a foreign person must withhold a statutory percentage of the amount realized on the <br />disposition, report the transaction and remit the withholding to the Internal Revenue Service (IRS) within twenty (20) days after the transfer. <br />Fidelity National Title Company will not determine nor aid in the determination of whether the FIRPTA withholding provisions are applicable to <br />die subject transaction, nor act as a Qualified Substitute under state or federal law, nor furnish tax advice to any party to the transaction. Fidelity <br />National Title Company will not determine nor aid in the determination of whether the transaction will qualify for an exception or an exemption <br />and is not responsible for the filing of any tax forms with the IRS as they relate to FIRPTA, nor responsible for collecting and holding of any <br />documentation from the buyer or seller on the buyer's behalf for the purpose of supporting a claim of an exception or exemption. Fidelity National <br />Title Company is not an agent for the buyer for the purposes of receiving and analyzing any evidence or documentation that the seller in the <br />subject transaction is a U.S. citizen or resident alien. Fidelity National Title Company is not responsible for the payment of this tax and/or penalty <br />and/or interest incurred in connection therewith and such taxes are not a matter covered by the Owner's Policy of Title Insurance to be issued to the <br />buyer. Fidelity National Title Company is not responsible for the completion of any IRS documents or related forms related to the referenced <br />statute. The buyer is advised: they must independently make a determination of whether the contemplated transaction is subject to the withholding <br />requirement; bear full responsibility for compliance with the withholding requirement if applicable and/or for payment of any tax, interest, <br />penalties and/or other expenses that may be due on the subject transaction; and they are responsible for the completion of any and all forms, <br />including but not limited to applicable IRS documentation, end the mailing of those forms. The Buyer is advised any forms, documents, or <br />information received from Fidelity National Title Company is not tax or legal advice and should not be construed as such nor treated as a <br />complete representation of FIRPTA requirements. Buyer should seek outside counsel from a qualified individual to determine any and all <br />implications of the referenced statute. <br />17.ENCUMBRANCES <br />Escrow Holder is to act upon any statements famished by a lienholder or his agent without liability or responsibility for the accuracy of such <br />statements. Any adjustments necessary because of a discrepancy between the information furnished Escrow Holder and any amount later <br />determined to be correct shall be settled between the parties direct and outside of escrow. <br />You are authorized, without the need for further approval, to debit my account for any fees and charges that I have agreed to pay in connection with <br />this escrow, and for any amounts that I am obligated to pay to the holder of any lien or encumbrance to establish the title as insured by the policy of <br />title insurance called for in these instructions. If for any reason my account is not debited for such amounts at the time of closing, I agree to pay <br />them immediately upon demand, or to reimburse any other person or entity who has paid them. <br />18. ENVIRONMENTAL ISSUES <br />Fidelity National Title Company has made no investigation concerning said property as to environmentalltoxic waste issues. Any due diligence <br />required or needed to determine environmental impact as to forms of toxification, if applicable, will be done directly and by principals outside of <br />escrow. Fidelity National Title Company is released of any responsibility and/or liability in connection therewith. <br />19. USURY <br />Escrow Holder is not to be concerned with any questions of usury in any loan or encumbrance involved in the processing of this escrow and is <br />hereby released of any responsibility or liability therefore. <br />20. DISCLOSURE <br />Escrow Holder's knowledge of matters affecting the property, provided such facts do not prevent compliance with these instructions, does not <br />create any liability or duty in addition to these instructions. - <br />21. FACSIMILE/ELECTRONIC SIGNATURE <br />Escrow Holder is hereby authorized and instructed that, in the event any party utilizes electronic or "facsimile" transmitted signed documents or <br />instructions to Escrow Holder, you are to rely on the same for all escrow instruction purposes and the closing of escrow as if they bore original <br />signatures. "Electronic Signature" means, as applicable, an electronic copy or signature complying with California Law. <br />22. CLARIFICATION OF DUTIES <br />Fidelity National Title Company serves ONLY as an Escrow Holder in connection with these instructions and cannot give legal advice <br />to any party hereto. <br />Escrow Holder is not to be held accountable or liable for the sufficiency or correctness as to form, manner of execution, or validity of any <br />instrument deposited in this escrow, nor as to the identity, authority or rights of any person executing the same. Escrow Holder's duties hereunder <br />shall be limited to the proper handling of such money and the proper safekeeping of such instruments, or other documents received by Escrow <br />Holder, and for the disposition of same in accordance with the written instructions accepted by Escrow Bolder. <br />The agency and duties of Escrow Holder commence only upon receipt of copies of these Escrow Instructions executed by all parties. <br />General Provisions Printed: 1/1/0001 12:00 AM by X <br />21000076 (DSI Rev. 05119/17) Page 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.