Laserfiche WebLink
Pur~ua111 to S1<11e La11. prior 10 the close orescro11. Bu)er will rro,idc Escrow llo lder with a Preliminary Change of'011nersh i p l ~epon In the <br />event ~ai d r eport i-; 1101 lrnll<kd lO Escrow I I olde r fo r submissi on 10 th e Count) in 11 hich subject prorert: is located. upon r ecording o r the< irant <br />Deed. l\uyers acknoll'kdgc that the applicabk fee 11 ill be assessl'd b) ':11d Count' ,111d Esern11 I !older shall debit th..: account or Bu)..:r li>r ~me at <br />close 01 ..:scnn'. <br />16 . N O 'l-R ESIDENT .-\1.1 1-.N <br />rhc I orcign l11\c ,1me111 in !{cal Proper!) ·1 a:-. Act (FIRJYI r\). Titk 26 l".S.C.. Section 1-145. and the regulat ions thcrc under. provide in pa r t. 1ha1 a <br />translerce (bu) crJ or a U.~. real proper!) interest from a foreign pcrson must 11 ithhold a statutOJ') pcrccmage of the amount reali zed on the <br />di sposition. report th e 1ran ,;1c 1ion and remit th e withhold i ng to the In ternal Reve nue Service (I RS ) with in t ll'cnty (20) d a)S after the transf"er. <br />F id elit.1 Nnt i o nal Titl e Compan y wi ll not dete r m i n..: nor aid in the dett:rmination or'' hether th..: f'IRP"l 1\ withhold i ng provis ions an: applicabk to <br />the su b.1 ec1 trnn~action. nor ac t as a Q ualilicd Substitute under st:ite or li.:ckral la11. nor furnish tax achicc to an) part) to th i.: transaction. l·idelny <br />>Jation it l Title.; Compnn) 1\ill no t de termine nor aid in the determination or,,hcther the transact io n ''ill qualil) lor an c:-.ccpti on or an t:\cn 1ption <br />and i> 1101 r t:,pons ib lc ro r thc Ii ling or an: l a:--form s with th e I RS a~ they r ela te.: 10 FIRPI 1\. nor responsib le for co llecti ng and holding ol an) <br />dot:u111.:nta1ion J'rp1111he bu~er o r sd ler on the bu)e1 .. s behalf for the p urpose ofsuppl>rting a daim of an C\ci.:pt i on or c.\emption . Fide l it.1 .\at1011al <br />T it l e Compa n ) i~ not an agent for the bu) er for the purposes or r eceiving and anal) zing an) evicknce or clon1111en1at ion that the se l k r in the <br />subject tran sac ti on i s a U.S. citizen o r re si dent alien. Fidel i t y Na ti onal Tit l e Com p n n y i s no t res pon sible for th e pay ment of this tax ancl /o r pe na l ty <br />ancl /or in terest incurred in connecti on th erewi th and such taxes arc not a matter co1ercd by the 0\1ne1 .. s Policy of' Title I nsura nce to be i ss ued 10 the <br />bu)t:r. fi d el ity :\ation a l Tit l e Comp a ny i s not re spo nsibk lor the compl etion or ;my IRS documents or related forms relat ed to the rl·krenced <br />statute rhe buycr is ach iscd: the) must independently make a determinatio n of 11 hether th e con 1empl<11ccl transaction i s su bject 10 the'' i1 hl10ldi11g <br />requirl'111e n1 : bear full re~pn1 1 '.ibili1: for rn111pliam:e ll'ith th e 11 i 1hhn ld i11g req uirrn1t.:n l i1· applicable and /or liir pa: men! of an: ta:-.. 11 11vn:s1. <br />pi:n alt i -.:~ and or nthcr c'\pl"lht.:' that m a: be due lln t he ~ubjcct trmhal ti on: a11 d the : arl' n.:~po nsib lc for the l·oi11p k1ion of an) a11d .ill l i1 rn1s. <br />i11cludi11g but n1ll l imited 11> applicable IRS documentation. and the 111<1i ling nl those forn 1,,. fhe Bu: er is ad' i'ccl an: forms. docu111,nh. or <br />inform.it ion recei,t:cl from Fidelit y N at i on a l Titl e Compa ny i s no t t;I\ o r legal adv it.:e a11d shou ld 1101 bi:: co1btru..:cl as such nor 1rca1..:d a~ a <br />complete represe 111 a1io11 of l'I RPTI\ requir..:1nen t s. Bu) er shou l d seek outside cou nsel fh>1n a qualified indi' idual 10 dctcrm i ne any and al l <br />implit.:aliOllS of the refcrCllC <.!d 'latUte. <br />17. f::\C Ui\IBR·\~C l~S <br />1-:scrl.l\I 1 lolder i ~ w act upun an: s1a 1e111enh furnished b\ a l knhokk1 or his l!h~lll without liabilit\ or respon,ibilit~ for the accurac : l >f ,uch <br />,tatcml·n ts. ,\ 11~ .1dj uslilll'llh net.:cssar: because o r a d iscr.:pancy bet 11 een the· in lorma1 ion furni>hed Escnl\\ I I o lde r and an) am oun t later <br />detcnni 11ccl 10 Lw correct shall be se ulecl bet11cc11 th c: parties direct and outside of..:s..:ro w. <br />You rm: authori1ed. wi thout the need for further approval. lo debit my accou nt for any fees and c harges that I have agreed to pa) i n connection'' ith <br />this cscro11. and for an) amounts that I am obl iga ted to pay 10 th e holder of any lien or encumbrance to establish the t i tle as insu red by the po l ic) of <br />title in,urance rnlled Cor in these in structions. I f Cor any 1·easo n my account i s 1101 debited Cor suc h a111ou 111 s at the time of c los i ng. I agrcc w pay <br />thc111 i1 11111edia1ch upon dc111and . or 10 r eimburse any otht:r person or c111il) who has paid t hc111. <br />18. E.\\'IRONJ\I E N T A L I SSUES <br />Fid c l i t ) N at i o n al Titlr Compa n y has made 110 in,es ti gn tion concerning said p rupnty as lO c11v iron111en1al /to.\i c 11<is1e issue>. An) duc diligi.:ncc <br />required or needed to determine environmcnrnl i m pact as to fo r ms of 1n.\ilica1ion. if applicable. ,,·ill be clone d i rcc t l) and by principab outside of <br />escnl\\ F i de lity .\nt i o na l Titl e Co mpa ny is released of an) re spo nsibilil) and/or liability in connection tlH::re\rith . <br />19. l l SL I RY <br />Escro,1 Holder 1> not to be co11c erned '' nh all\ ques t ion~ of usury in ;111~ loan ,,r l'ncumbrancc im oh cd in the prot.:..:ss in g or this cscru" and is <br />hcrt:h) rcleasc.:d ,,fan) respunsibilit) or liabili1: thcrl'l'on; <br />20. D J:-.C L O Ll{E <br />Esc1\l\\ H oldn\ km1\\ kdgc of mailers <1ffrc1111g t he pnipeny. providcd suc h li1cb do not pre:' ent rn111pliancc '' ith these i11'truc1ions. l k>c.:' not <br />cr ea tl' ;1 n: li abilit' or dut) in addi tion 10 thes.: instruc tions. <br />2 1. FA CSL\ll LE EL EC T ROi\I C S I G :\r\Tl1RE <br />Escro" I I older 1s hcrch) nuthoriz..:d and instructed that. in tht: c1 cm an~ pa rt ) 11tili1es ekctron ic or "f acsimile" 1ransmi 1t t:cl signed docun1en1, or <br />i nstruc tions 10 I scro 11 I l o ltk r. you are I ll re l: on the same fo r all escrm\ in s1n 11.:1ion purpost:s and the closing of escrow as i f the) bo 1\' orig i na l <br />si gnatun.:s ... Fle<:trnnic Si gnature·· mea ns. as applicabk. an elec t ronic copy or si gnallln: compl: ing with Californ ia I.aw. <br />22. C L ARIFI CA T I ON O F D UTI ES <br />F i d elity n t i o n al Titl e Co mpnny se rves ONL Y as an Escrow Holder i n co nn ec t ion with th ese ins tructions and canno t gi\e legal ath ice <br />to an: pa rt) hert:ll>. <br />Escro '' Holder i, not 10 be held accountable or liable for the ~ufficienC)' or rorrectn ess as 10 form. nrnnner or exec ut i on. or 'al id it~ of any <br />ins1run 1c n1 depo-;i1 ed in thi~ ..:scrow. nor as 10 the idcntil). n11 1h o ri1 y or r i gh ts o f an: pe r son t:\l'Cu t i ng the snmc . hcnm Holder's dutic~ hc·rcunde r <br />shall b,· limited 111 the proper handling or ,ud1 mnnt:) and the:: propcr ,,1kkccpi11g or such 111~1rumcnb. nr othe r documents rcc ci\c.:d b\ 1:"ro '' <br />1 loldn and for the· dispoSillllll of ~am e in accordance'' ith the" nuen 11btruc tio n~ a<:l'Cp l ed b~ I .~cro'' Holder. <br />1'11c agciic) and du t ies o f J ~,croll' 1 l o ld er com111c ncc:: o nl y upon rece i pt o l\:opit:s ort h~sc Escrow Instruct ions e:-.ecutccl b) all parties. <br />G~n~ral Pro 11s101i-Print,·d 1111000 1 12 00 Ai\I b) .1 1'