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1 operty Address:
<br /> ' � expense.Title shall be free of liens,
<br /> .i. ITLE AND VESTING: Buyer shall be provided a current preliminary report at
<br /> n to Seller,with the following exceptions:(a)Current county consolidated property
<br /> encumbrances,easements,restrictions,rights,and conditions of record or know
<br /> tax bill charges,(b)covenants,conditions,restrictions,and public utility easements of record,and(c)
<br /> However, Buyer is allowed calendar days after receipt of the preliminary report to provide written notice to Seller of any of the preceding items
<br /> FOR IMPORTANT TERMS. Unless otherwise designated in Buyer's escrow instructions, title shall vest as
<br /> disaQproved. READ PARAGRAPH 19
<br /> follows (The manner of ki title may have significant legal and tax consequences.Therefore,
<br /> -give this matter serious conside tion.)Buyer shall vided at
<br /> expense a California Land Title Association
<br /> policy issued by Company, showing title vested in Buyer as above. Upon request,the designated
<br /> title Insurance company can provide information about other types of title insurance coverage.
<br /> 7. PROBATIONS: to Buyer,as
<br /> (a) County consolidated property tax bill charges.interest.rents.Association regular due lassesshabe urrenirom bySelleroand prorated betwinsurance een el3uye and SelPe'raslof
<br /> and
<br /> ate of recordation of the deed;or
<br /> I ❑
<br /> except as shown in paragraphs 7(b)or 7(c)below.
<br /> (b) Bond assessments of Special Assessment Districts which are now a lien,shall be
<br /> r ra h 7 a payments that are not yet due shall be assumed by Buyer:or
<br /> to shown in a a ( }.p Y
<br /> paid current by Seller as of;the da P g P ,
<br /> full b Seller,ifprepayable,including payments that are not yet due;or
<br /> paid in y
<br /> (c) Association Special Assessments which.'!:'re'now alien,shall bek,Y,.
<br /> Yr` Buyer;or
<br /> nts that are not el dueshall.he assumed by y
<br /> ❑ paid current by Seller as of the date shown in paragraph 7(a),payme Y
<br /> ❑ paid in full by Seller,if prepayable tnctuding payments Thal areinot yet due or r a v
<br /> i City transfer tax or transfer fee shall
<br /> 1 (d) County transfer tax or transfer e I be pa[d by . . _.
<br /> be paid by Association transfer fee shalt be paid by
<br /> (e) PROPERTY WILL BE REASSESSED UPON CHANGE OF OWNERSHIP.THIS WILL AFFECT THE TAXES70BEPAID.Asupplemental tax bill will beissued,
<br /> i which shall be paid as follows:(1)for periods?after close of escrow ,by Buyer(or by final acquiring party if part of an exchange),and{2}for periods prior to ,
<br /> close of escrow,by Seller.TAX BILLS IS U AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER.
<br /> 8. CONDO MINIUM/P.U.D.:If the Propertyis in a condominiumfplannod unit development:(a)the Property has = assigned parking space(s);(b)the
<br /> current regular Association dues/assessments are$ Elmonthly,or ❑ _;(c)Seller shall,as soon as practicable,
<br /> prior to close of escrow,(1)disclose in writing to Buyer any known pending special assessments,claims;or litigation,and(2)provide to Buyer copies of covenants,
<br /> conditions,and restrictions,articles of incorporation,by-laws,olhergoverning documents,most current financial statement distributed pursuant to Civil Code§1365,
<br /> a statement regarding limited enforceability of age restrictions,if applicable,current Association statement showing amount of any unpaid assessments(Civil Code
<br />{ §1368),any other documents required by law, and READ PARAGRAPH 7
<br /> i FOR PRORATIONS AND TRANSFER FEES.Buyer is allowed calendar days after receipt to provide written notice to Seller of any items disapproved.
<br /> s READ PARAGRAPH 19 FOR 1MPOFITANT TERMS.
<br /> 9. HOME PROTECTION PLAN:Buyer and Seller have been informed that home protection plans are available.These plans may provide additional protection
<br /> and benefit to Seller or Buyer.CAR and the Broker(s)in this transaction do not endorse or approve any particular company or program:-
<br /> r (a) ❑ A Buyer's Home Protection Plan with the following optional coverage at a cost not to
<br /> exceed$ ,to be paid by ❑ Buyer, ❑ Seller,and to.be issued by Company,OR ,
<br />{ (b) ❑ Buyer and Seller elect not to purchase a Home Protection Plan.
<br /> • 1
<br /> I 10. PERSONAL PROPERTY.The following items of personal property,tree of liens and without warranty of condition,are included:
<br /> 11. FIXTURES:All permanently installed fixtures and fittings that are attached to the Property or for which special openings have been made are included,free of
<br /> liens,in the purchase price,including electrical,light,plumbing and heating fixtures,solar systems,buill-in appliances,screens,awnings,shutters,windowcoverings,
<br /> attached floor coverings, TV antennas/satellile dishes and related equipment, air cooler or conditioner, pool and spa equipment, security systems andfor
<br /> alarms(if owned by Seller),garagie door openers and controls,attached fireplace equipment,mailbox,all existing landscaping including trees and shrubs,and
<br /> except
<br /> 12. TRANSFER DISCLOSURE: Unless exempt,Seller shall provide to Buyer a Real Estate Transfer Disclosure Statement(TDS)(Civil Code§§1102 at seq.):
<br /> (a) ❑ j3uyer has received and read a TDS,or(b) ❑ Seller shall provide a TDS within calendar days after acceptance of the offer,after which Buyer
<br /> shall have three(3)days after delivery toBuyer in person,or five(5)days after delivery by deposit In the mail,to terminate this Agreement by delivering written
<br /> notice of termination to Seiler or Seller's Agent.(CAR FORM TDS-14,OR EQUIVALENT FORM,SHALL SATISFY THIS REOUIREMENT)
<br /> 13..SELLER REPRESENTATION:Seller represents that Seller has no knowledge of any notice of violations of City,County,State,or Federal building,zoning,
<br /> i fire,or health laws,codes,statutes,ordinances,regulations,or rules filed or issued against the Properly.If Seller receives notice of violations prior to close of escrow,,.
<br /> Seller shall Immediately notify Buyer in writing.Buyer is allowedcalendar days after receipt of notice to provide written notice to Seller of any items disapproved.
<br /> READ PARAGRAPH,19 FOR IMPORTANT TERMS.
<br /> 14. SM OKE D ETECTO R(S):State law req ui res I hat residen ces be equ ipped with operab le smoke delecto r(s).*Local law may have additional requirem ents.Unless
<br /> Seller shalt deliver toBuyer a written statement of compliance in accordance with applicable state and local law prior to Gose of escrow(CAR FORM
<br /> SOC-11,SMOKE DETECTOR STATEM�N'OF 010LIANCE,OR'SEMIf:AFI FORM-Sf'AUL SATISFYYTHIS-REQUIREM ENT.)
<br /> 15. RETROFIT:Compliance with any minimum mandatory government retrofit standards,including proof of compliance,shall be paid for by ❑ Buyer, ❑Selter.
<br /> j 16. FLOOD HAZARD DISCLOSURE: if the Property is situated in a Special Flood Hazard Area designated by the Federal Emergency Management Agency,,
<br /> . Seller shall, within calendar days after acceptance of the offer, disclose this fact in writing-to Buyer. Flood insurance may be required by lender,
<br /> (CAR FORM GFD-14,GEOLOGIC, SEISMIC AND FLOOD HAZARD DISCLOSURE,OR SIMILAR FORM,SHALL SATISFY THIS REQUIREMENT.)Buyer is
<br />' allowed calendar days fromreceiptofthedisclosuretomake further inquiries atapproprialegovernmental agencies,lenders,insurance agents,orother
<br /> appropriate entities.Buyet shall provide written notice to Seller of any items disapproved within this lalter time period.READ PARAGRAPH 19 FOR IMPORTANT TERMS.
<br /> l 17. GEOLOGIC/SEISMIC HAZARD DISCLOSURE:If the Properly is situated in a Special Studies Zone(SSZ)or Seismic Hazard Zone(SHZ)designated under
<br /> Public Resources Code§§2621-262501-2690.2699.6,or in a locally designated geologic hazard zone(s)or areas)where disclosure is required by local ordinance,
<br />` Seller shall,within calendar days after acceptance of the offer,disclose in writing to Buyer this fact(s)and any other information required by law.Construction
<br /> Y
<br /> or development of any structure may be restricted.Disclosure of SSZs and SHZs is required only where the maps,or information contained in the maps,are"reasonably
<br /> available:'(CAR FORM GFD-14,GEOLOGIC,SEISMIC AND FLOOD HAZARD DISCLOSURE,OR SIMILAR FORM,SHALL SATISFY THIS REQUIREMENT.)
<br /> Buyer is allowed calendar days after receipt of the disclosures)to make further inquiries at appropriate government agencies,lenders,insurance agents,
<br /> or other appropriate entities concerning use of the Property under local building,zoning,fire,health,and safety codes as may be applicable under the Special
<br /> Studies Zone Act,Seismic HazardsMapping Act,and local geologic ordinance(s).Buyer shall provide written notice to Seller of any items disapproved within this
<br /> latter time period.READ PARAGRAPH 19 FOR IMPORTANT TERMS.
<br /> Buyer and Seller acknowle a copy of this page,which constitutes Page 2 of _Pages. OFFICE USE ONLY
<br /> Buyer's initials { ) ( ) Seller's Initials Reviewed by Broker or Designee
<br /> ��yy Date �qulN0�l11Np
<br /> WroM1TuxrTY
<br /> BROKER'S COPY n1--pM-2/92
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