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WRITTEN OBJECTION TO CANCELLATION IS FILED IN YOUR OFFICE BY A PRINCIPAL WITHIN TEN (10) DAYS AFTER DATE
<br />OF SUCH DELIVERY, YOU ARE AUTHORIZED TO COMPLY WITH SUCH NOTICE AND DEMAND PAYMENT OF YOUR
<br />CANCELLATION CHARGES. If written objection is filed, you are authorized to hold all money and instruments in this escrow and take
<br />no further action until otherwise directed, either by the principals' mutual written instructions, or by final order of a court of competent
<br />jurisdiction.
<br />8. PERSONAL PROPERTY
<br />No examination or insurance as to the amount or payment of personal property taxes is required unless specifically requested.
<br />By signing these General Provisions, the parties to the escrow hereby acknowledge that they are indemnifying the Escrow Holder
<br />against any and all matters relating to any "Bulk Sales" requirements, and instruct Escrow Agent to proceed with the closing of escrow
<br />without any consideration of matter of any nature whatsoever regarding "Bulk Sales" being handled through escrow.
<br />9. RIGHT OF RESIGNATION
<br />Escrow Holder has the right to resign upon written notice delivered to the principals herein. If such right is exercised, all funds and
<br />documents shall be returned to the party who deposited them and Escrow Holder shall have no liability hereunder.
<br />10. AUTHORIZATION TO EXECUTE ASSIGNMENT OF HAZARD INSURANCE POLICIES
<br />Either Buyer, Seller and/or Lender may hand you the insurance agent's name and insurance policy information, and you are to execute,
<br />on behalf of the principals hereto, form assignments of interest in any insurance policy (other than title insurance) called for in this
<br />escrow, forward assignment and policy to the insurance agent, requesting that the insurer consent to such transfer and/or attach a loss
<br />payable clause and/or such other endorsements as may be required, and forward such policy(s) to the principals entitled thereto. It is
<br />not your responsibility to verify the information handed you or the assignability of said insurance. Your sole duty is to forward said
<br />request to insurance agent at close of escrow.
<br />Further, there shall be no responsibility upon the part of Escrow Holder to renew hazard insurance policy(s) upon expiration or
<br />otherwise keep it in force either during or subsequent to the close of escrow. Cancellation of any existing hazard insurance policies is to
<br />be handled directly by the principals, and outside of escrow.
<br />11. ACTION IN INTERPLEADER
<br />The principals hereto expressly agree that you, as Escrow Holder, have the absolute right at your election to file an action in
<br />interpleader requiring the principals to answer and litigate their several claims and rights among themselves and you are authorized to
<br />deposit with the clerk of the court all documents and funds held in this escrow. In the event such action is filed, the principals jointly and
<br />severally agree to pay your cancellation charges and costs, expenses and reasonable attorney's fees which you are required to expend
<br />or incur in such interpleader action, the amount thereof to be fixed and judgment therefore to be rendered by the court. Upon the filing
<br />of such action, you shall thereupon be fully released and discharged from all obligations imposed by the terms of this escrow or
<br />otherwise.
<br />12. TERMINATION OF AGENCY OBLIGATION
<br />If there is no action taken on this escrow within six (6) months after the "time limit date" as set forth in the escrow instructions or written
<br />extension thereof, your agency obligation shall terminate at your option and all documents, monies or other items held by you shall be
<br />returned to the parties depositing same. In the event of cancellation of this escrow, whether it be at the request of any of the principals
<br />or otherwise, the fees and charges due Commonwealth Land Title Company, including expenditures incurred and/or authorized shall
<br />be borne equally by the parties hereto (unless otherwise agreed to specifically).
<br />13. CONFLICTING INSTRUCTIONS
<br />Upon receipt of any conflicting instructions, you are to take no action in connection with this escrow until non -conflicting instructions are
<br />received from all of the principals to this escrow (subject to sections 7, 9, 11 and 12 above).
<br />14. DELIVERY/RECEIPT
<br />Delivery to principals as used in these instructions unless otherwise stated herein is to be by hand in person to the principal, regular
<br />mail, email or fax to any of the contact information provided in these instructions. If delivered by regular mail receipt is determined to be
<br />72 hours after such mailing. All documents, balances and statements due to the undersigned may be delivered to the contact
<br />information shown herein. All notices, change of instructions, communications and documents are to be delivered in writing to the office
<br />of Commonwealth Land Title Company as set forth herein.
<br />15, STATE/FEDERAL CODE NOTIFICATIONS
<br />According to Federal Law, the Seller, when applicable, will be required to complete a sales activity report that will be utilized to generate
<br />a 1099 statement to the Internal Revenue Service.
<br />Pursuant to State Law, prior to the close of escrow, Buyer will provide Escrow Holder with a Preliminary Change of Ownership Report.
<br />In the event said report is not handed to Escrow Holder for submission to the County in which subject property is located, upon
<br />recording of the Grant Deed, Buyers acknowledge that the applicable fee will be assessed by said County and Escrow Holder shall
<br />debit the account of Buyer for same at 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
<br />part, that a transferee (buyer) of a U.S. real property interest from a foreign person must withhold a statutory percentage of the amount
<br />realized on the disposition, report the transaction and remit the withholding to the Internal Revenue Service (IRS) within twenty (20)
<br />days after the transfer. Commonwealth Land Title Company will not determine nor aid in the determination of whether the FIRPTA
<br />General Provisions Printed: 0/0/0000 0:00 AM by TKO
<br />EI000076 (DSI Rev. 05119/17) Page 4 Escrow No.: 09185919-918-GKD
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