My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
GARNSEY CORP.
Clerk
>
Contracts / Agreements
>
G
>
GARNSEY CORP.
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/6/2023 4:45:26 PM
Creation date
4/6/2023 4:44:40 PM
Metadata
Fields
Template:
Contracts
Company Name
GARNSEY CORP.
Contract #
A-2023-058
Agency
Community Development
Council Approval Date
4/4/2023
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
24
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
Date: 2/24/2023 <br />RE: Escrow No. 4484-LG <br />Facsimile/Electronic Signature Certification: The Residential Purchase Contract and Joint Escrow Instructions along <br />with any supplements, addendums or counter offers made a part thereof (Agreement), and bearing Electronic <br />Signature(s) is a true, and complete copy of the Agreement entered into for the purchase of real property described <br />herein and Escrow Holder is hereby authorized and instructed to rely upon said Electronic Signatures based upon the <br />following certification. <br />(i) The undersigned consented to the use of electronic records and signature in the creation and execution of the <br />Agreement and subsequent addenda to the agreement. If applicable. <br />(ii) The undersigned did sign the Agreement using an electronic signature. <br />(III) The undersigned was given the opportunity to keep a copy of the signed Agreement at the time the agreement was <br />signed. <br />(iv) The Electronic Signatures comply with the standards and requirement of the Federal Electronic Signatures in Global <br />and National commerce Act (E-Sign) and, if applicable, the Uniform Electronic Transaction Act (UETA) adopted by the <br />state in which the Electronic Signature is initiated and the Agreement in fully enforceable and legally binding in <br />accordance with their terms. <br />(v) The undersigned is signing this certification to indemnify and hold harmless the Escrow Holder from any past, <br />present, or future loss that may occur from relying upon and accepting the Agreement with the electronic signatures <br />affixed thereto. <br />S. Escrow Holder is hereby authorized and instructed that, in the event any party utilizes email or "facsimile" transmitted <br />signed documents or instructions to Escrow Holder, Escrow Holder is to rely on the same for all escrow instruction <br />purposes and the closing of escrow as if they are original signatures. "Electronic Signature" means, as applicable, an <br />electronic copy or signature complying with California Law. <br />9. Instructions not to Supersede: These escrow instructions are executed for the sole purpose of enabling the Escrow <br />Holder to complete this transaction, and are not intended to amend, modify, supersede or in any way change that <br />certain agreement entered into by the parties hereto and dated prior to these escrow instructions. Golden Coast <br />Escrow, Inc., its officers and/or employees shall not be concerned with said agreement or any matters as contained <br />therein and is responsible only for such matters as are specifically set out above in the instruction. <br />10. Special Recording; Late Confirmation of Recording <br />Seller's proceeds may not be available, and encumbrances may not be paid off, until the first business day following the <br />day of recording if 1) documents recorded at close of escrow are recorded later in the day than 8:00 a.m. (which is <br />called a "special recording") or if 2) the County Recorder does not provide confirmation of recording within sufficient <br />time to allow same -day disbursement of funds by wire or check. <br />11. IRS 1099 REPORTING: As a condition of Escrow Holder's agreement to process this transaction, certain information <br />must be provided by the Seller(s)/Transferor(s) to Escrow Holder before the date of closing. Under the Tax Reform Act, <br />Internal Revenue Service Code Section 6045(e), Escrow Holder will report the gross proceeds of an ownership interest in <br />reportable real estate to the Internal Revenue Service ("IRS"). The Seller/Transferor is required by law to furnish a <br />correct Taxpayer Identification Number ("TIN") or Social Security Number to Escrow Holder. The Seller/Transferor is <br />aware that the failure to do so may subject the Seller/Transferor to civil or criminal penalties. Each Seller/Transferor <br />must provide a permanent address to which the Escrow Holder can mail the IRS Form 1099-S following the close of <br />escrow. <br />12. Disbursement of Funds: Any funds disbursed during or on the close of escrow will be issued jointly to the parties <br />designated as payees unless escrow holder is instructed otherwise in writing by all designated payees. The funds <br />representing loan and/or sale proceeds will be disbursed jointly to all persons who were the record owners of the real <br />property that is the subject of the escrow. All disbursements of funds and/or delivery of other documents or instruments <br />concerning this escrow will be mailed to the Entitled parties by regular first class mail, postage prepaid, at their <br />respective addresses shown on file. However at Escrow Holders discretion, Buyer or Seller may send funds and/or other <br />instruments or documents by certified or registered mail, federal express, messenger or facsimile machine, in which case <br />the party for whom the delivery was made agrees to pay the costs. The provisions of this paragraph include, but are not <br />limited to, requests for demand statements, requests for beneficiary Statements, requests for homeowners' association <br />statements or any other requests may deem necessary for the timely closing of this escrow. Escrow Holder is to instruct <br />the county recorder to mail recorded documents to the entitled parties at their respective addresses. Escrow Holder is to <br />instruct the title company to mail the title policy(s) to the Lender(s) or Buyer(s) as appropriate. <br />13. No Disclosures warranties: The parties acknowledge that depending on the type (Commercial or Residential) and <br />location (City) of real property involved in this escrow, there may be disclosure(s) as well as civil ordinance <br />requirement(s) that would affect the transfer of the real property. Escrow Holder urges both parties to seek appropriate <br />counsel from an attorney or licensed real estate broker to ascertain what disclosures, certificates and/or civil ordinances, <br />if any, need to be complied with prior to the close of escrow, and outside of the escrow between the parties. The parties' <br />signature upon these instructions shall be deemed evidence to the Escrow Holder that the parties have obtained <br />independent counsel, are aware of any disclosures/civil ordinance requirements and will comply with same outside of this <br />escrow. Unless otherwise instructed in writing Escrow Holder has no responsibility or liability in connection with any such <br />Seller(s) Initials <br />Buyer(s) Initials <br />Page 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.