GARNSEY CORP - Laserfiche WebLink

Home Browse Search

Date: 11/1712022 RE: Escrow No. 4437-LG certified checks whenever possible. 4. Prorations; All adjustments and prorations called for in this escrow shall be made urn the basis of a thirty (30) day month, unless otherwise instructed In writing. 5. Oral instructions: You are authorized to accept oral instructions from the parties real estate broker(s), real estate agent(s), Lender(s) or Lender's agent(s) concerning the preparation of escrow Instructions, amendments or supplements. However, you are not to act upon any instruction so delivered until you have received the same in writing signed by all parties to this escrow, 6. Loan Terms: Golden Coast Escrow, Inc. is not to be responsible in any way whatsoever nor to be concerned with the terms of any new Ivan or the content of any loan documents obtained by any patty in connection with this escrow except to order such loan documents into the escrow file, transmit the loan documents to Buyer for execution and transmit the executed loan documents to Lender. The parties understand and agree that you are not involved nor concerned with the approval and/or processing of any loan or the contents and effect of loan documents prepared by a Lender. 7. Facsimile/Electronic Signature Certification: The Residential Purchase Contract and Joint Escrow Instructions along with any supplements, addendums or counter offers made a part thereof (Agreement), and bearing Electronic Signature(s) is a true, and complete copy of the Agreement entered into for the purchase of real property described herein and escrow holder is hereby authorized and instructed to rely upon said Electronic signatures based upon the following certification. (i) The undersigned consented to the use of electronic retards and signature in the creation and execution of the Agreement and subsequent addenda to the agreement. If applicable. (ii) The undersigned did sign the Agreement using an electronic signature. (Iir) The undersigned was given the opportunity to keep a copy of the signed Agreement at the time the agreement was signed. (iv) The Electronic Signatures comply with the standards and requirement of the federal Electronic Signatures in Global and National commerce Act (E-Sign) and, if applicable, the Uniform Electronic Transaction Act (UETA,) adopted by the state in which the Electronic Signature is initiated and the Agreement in fully enforceable and legally binding in accordance with their terms. (v) The undersigned is signing this certification to Indemnify and hold harmless the escrow holder from any past, present, or future loss that may occur from relying upon and accepting the Agreement with the electronic signatures affixed thereto. B. Escrow Holder is hereby authorized and instructed that, In the event any patty utilizes email or "facsimile" transmitted signed documents or instructions to Escrow Holder, Escrow Holder is to rely on the same for all escrow instruction purposes and the closing of escrow as if they are original signatures. "Electronic Signature" means, as applicable, an electronic copy or signature complying with California Law. THESE ESCROW INSTRUCTIONS CANNOT BE SIGNED ELECTRONICALLY, NOR ANY AMENDMENTS REFERRING TO RELEASING OF FUNDS ANDIOR BUYER OR SELLER CREDIT OR DEBIT ACCOUNTS. 9. Instructions not to Supersede: These escrow Instivctlons are executed for the sole purpose of enabling the Escrow Holder to complete this transaction, and am not intended to amend, modify, supersede or in any way change that certain agreement entered into by the parties hereto and dated prior to these escrow instructions. Golden Coast Escrow, Inc., its officers andlor employees shall not be concerned with said agreement or any matters as contained therein and is responsible only for such matters as at e. specifically setout above in the instruction. 10..Special Recording; Late Confirmation of Recording Sellers proceeds may not be available, and encumbrances may not be paid off, until the first business day following the day of recording if 1) documents recorded at dose of escrow are recorded later In the day than 0:00 a,m. (which is called a "special recording") at if 2) the County Recorder does not provide confirmation of recording within sufficient time to allow same -day disbursement of funds by wire or check, 11. IRS 1009 REPORTING: As a condition of Escrow Holder's agreement to process this transaction, certain Information must be provided by the. Seller(s)ITransferor(s) to Escrow Holder before the date of closing. Under the Tax Reform Act, Internal Revenue Service Code Section 6043(e), Escrow Holder will repot the gross proceeds of an ownership interest in reportable real estate to the internal Revenue Service ("IRS1. The Seller/TransFervr is required by law to Furnish a Correct Taxpayer Identification Number ("TIN") or Social Security Number to Escrow Holder, The Seller/Transferor is aware that the failure to do so may subject the Seller/Transfer-or to civil an criminal penalties. Each Seller/Transferor must provide a permanent address to which the Escrow Holder can mail the IRS Form 1099-5 following the closeof escrow, 12. Disbursement of Funds: Any funds disbursed during or on the close of escrow will be issued jointly to the parties designated as payees unless you are instructed otherwise in writing by all designated payees. The funds representing loan and/or sale proceeds will be disbursed jointly to all persons who were the record owners of the real property that is the subject of the escrow. All disbursements of funds and/or delivery of other documents or instruments concerning this escrow will be mailed to the Entitled parties by regular first class mail, postage prepaid, at their respective addresses shown on file. However, at your discretion, you may send funds andlor other instruments or documents by certifted. or registered mail, federal express, messenger or facsimile machine, in which case the party for whom the delivery was sellers) Initialssnv Buyer(a) Initials page 4