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Date: 2/24/2023
<br />RE: Escrow No. 4484-LG
<br />disclosures or requirements;
<br />14. Payment of Cost(S) Incurred Prior to close of Escrow: Buyer and Seller are aware Golden Coast Escrow, Inc. may
<br />incur certain expenses during the course of processing this escrow, which must be paid prior to the close of escrow. Such
<br />costs may include but are not limited to, credit report and appraisal fees, demand request fees, homeowner's association
<br />document fees, courier fees,overnight mail service and city building reports, if applicable. Escrow Holder is authorized
<br />and instructed to release funds for payment of such costs, prior to the close of escrow, from funds deposited into escrow
<br />by Buyer. Said funds will only be released upon execution of an amendment signed by Buyer and Seller indicating the
<br />amount and payee. Both Buyer and Seller acknowledge and accept that said funds are not refundable, whether this
<br />escrow closes or cancels. However, at close of escrow, Escrow Holder is authorized and instructed to charge the
<br />appropriate party for costs incurred, and is released from any and all liability in connection with complying with this
<br />instruction.
<br />IS. Responsibilities: The parties agree that Escrow Holder has the responsibilities of an escrow holder only and there are
<br />no other legal relationships established in the terms and conditions of the escrow instructions. In connection with this
<br />escrow: (1) Escrow Holder shall have no duty or responsibility of notifying any of the parties to this escrow of any
<br />sale, resale, loan, exchange or other transaction Involving any of the subject real property or personal property; (2)
<br />Escrow Holder shall have no responsibility or duty to disclose any benefit, including, but not limited to financial gain,
<br />realized by any person, firm or corporation involving any of the subject real property or personal property; and (3)
<br />Escrow Holder shall have no responsibility or duty to disclose any profit realized by any person, firm or corporation
<br />Including, but not limited to, any real estate broker, real estate sales agent and/or a party to any other escrow, in
<br />connection therewith, although such other transaction may be handled by Escrow Holder in this escrow or in another
<br />escrow transaction. If, however, Escrow Holder is instructed in writing by any party, Lender or other entitled person to
<br />disclose any sale, resale, loan exchange or other transaction involving any of the subject real property or personal
<br />property or any profit realized by any person, firm or corporation to any party to this escrow, Escrow Holder shall do
<br />so without incurring any liability to any party. Escrow Holder shall not be liable for any acts or omission done in good
<br />faith for any claims, demands, losses or damages made or suffered by any party to this escrow, excepting such as may
<br />arise through or be caused by Escrow Holder willful neglect or gross misconduct.
<br />16. Disclosure Reports: Escrow Holder is not to be concerned with disclosures made by the parties to each other. In the
<br />event Escrow Holder receives any disclosure reports requiring signatures or approval by a party, Escrow Holder's only
<br />responsibility will be to forward the report to the appropriate party.
<br />17. Golden Coast Escrow, Inc. shall not be responsible for the following: (1) the sufficiency or correctness as to form,
<br />manner of execution or validity of any documents deposited in this escrow; (2) the identity, authority, or right of any
<br />person executing the same, either as to documents of record or those handled in this escrow; or (3) the failure of any
<br />party to comply with any of the provisions of any agreement, contract or other instrument flied or deposited in this
<br />escrow or referred to in these escrow instructions. Escrow Holder duties shall be limited to the safekeeping of money
<br />and documents received by escrow holder, and for the disposition in compliance with the written instructions accepted by
<br />Escrow Holder in this escrow. Escrow Holder shall not be required to take any action regarding the collection, maturity, or
<br />apparent outlaw of any obligations deposited with Escrow Holder unless otherwise instructed in writing. Escrow Holder
<br />shall not be liable for any acts or omissions done in good faith, nor for any claims, demands ,losses or damages made,
<br />claimed or suffered by any party to this escrow, excepting such as may arise.
<br />18. FIRPTA-Withholding: FIRPTA-WITHHOLDING, The sale of a U.S. real property interest by a foreign person is subject to
<br />the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. Persons purchasing U.S. real
<br />property interests from foreign persons, certain purchasers' holders, and settlement officers are required to withhold 10
<br />% of the amount realized. Withholding is intended to ensure U.S. taxation of gains realized on disposition of such
<br />Interests. The Buyer shall remain the withholding holder notwithstanding any act by the Escrow Holder. The Buyer must
<br />find out if Seller is a foreign person. If Seller is a foreign person and Buyer fails to withhold, the Buyer may be held liable
<br />for the tax. Seller and Buyer agree to execute and deliver to Escrow Holder any instrument, affidavit and statement or to
<br />perform any act reasonably necessary to carry out the provisions of FIRPTA and regulations promulgated there under.
<br />Seller herein certifies under penalty of perjury, that the information provided on said form is true, correct and complete.
<br />Buyer and Seller hereby agree to hold Escrow Holder harmless and indemnify Escrow Holder regarding compliance with
<br />this instruction.
<br />19. Cal FIRPTA State Tax Withholding: Notifications to Buyer and Seller Regarding California Tax Withholding on the Sale
<br />of Real Property Certain Sellers are exempt from withholding. Each Party must seek independent tax advice from a
<br />professional. California Revenue and Taxation Code Section 18662 (as amended) requires prepayment of income tax by
<br />withholding 3-1/30/a of the total sales price on real property for individuals and non -individual sellers of real property,
<br />whether resident or non-resident. Alternatively, a Seller may elect to withhold on the gain on the sale and based on the
<br />applicable withholding rates effective at the close of escrow. For more information, Buyers and Sellers should refer to
<br />Form 593 and 593 Booklet, Real Estate Withholding Certificate and Computation of Estimated Gain or Loss from the
<br />California Franchise Tax Board. Withholding is also required for real estate foreclosures and short sale transactions unless
<br />any exemptions certified on Form 593 apply, or the sale qualifies under the automatic exclusions. For more information
<br />on real estate foreclosures and short sale transactions, refer to Publication 1016, Real Estate Withholding Guidelines by
<br />the California Franchise Tax Board. Any further questions regarding Withholding Requirements for Sale of California Real
<br />Estate may be answered by seeking independent professional tax advice or at htto://www.ftb.ca.aov/individuals/wsc/
<br />California_Real_Estate.shtml. The parties acknowledge that Escrow Holder is under no duty to take action regarding
<br />Seller(s) Initials
<br />Buyers) Initials Cam.
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