HomeMy WebLinkAboutContracts & Agreements_64-2019 � ! �L�.r�c�Z_���
. Cornmonwealfh Land Tifle Campany
� Cammonwea�th� 4100�lewpart Place Dr., Suite 124
Newport 8each,CA 8266Q
LANO T[TLE INSLIRANCE COMPANY
Phone: (949) 724-3140
FBx:
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March 22, 207.9
City of Redlands, a mUnicipal corporation
�.0. �OX 3DOb"
3� Cajon 5tree� Suite 222
Redlands, CA 92373
I
Escrow Na.: 09182989-418-GK�
Property: Vacant Land (APN 0170-142-07), Redlands, CA
To assist us in the processing of your escrow transaction, w� ask that you examine the fallowing items
as indicated. P�ease carefully read any tfocuments beFore signing.
PLEASE COMPLETE, SIG1�1 AND R�TURN:
-Se��lernent Statement
-�isbursement Form
-Escrow Acceptance
-Loan information
-Firpta
-Owner Declaration
Your prompt attentian to these items will assist us in the completion of this trar�saction. Shou[d you
have any qu�sfions or need any further information, please feel free Co tantact the undersigned
directly.
Si erefy,
�� �
Garly Bea For Grace Kim
Commercial Escrovv OfFicer
Phone: (449) 724-3459-Direct
Phone: (949) 724-3141
Fax: (7i4) 459-7217
e-mail: carly.beardCa�cftic.carr�
e-mail: qukim@c[tic.eom
�nclasur�s
� .
� CO1111MONWEALTH LAND T1TLE COMPANY
�
; 4100 Newpart Place Dr., Suite �[2p, Newport Beach, CA 92860
i Phone: (949)72�4-3140
5elters SetflementSfatem�nk
� �s#irnated
Escrow Officer: Escrow No: Close Date: Proration Daf�: Aate Prepared: Disbursement Dat�
Grace Kim D9182989-978 GKC2 03/22/2019
Se[ler(s}: City of Redla�ds,a munieipal corporatlon
Property: Vacar�t Land(APN 0970-9�2-07)
RecElands,CR
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'FOTAE.CQNSED�RATIO�f:
Total Consideration 11,2Qa.a0
5ub Totals 0.00 11,2p0.OD
Proceeds Due Seller 11,200.OQ
Totals . 11,2�4.Q0 11,2p0.00
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7his statemen ' asecf on informafion available#o the escrow holder as of the date this sfatement was prepared and the closing date shawn
above. Actuai amounts may change andlor�ary depending on upda#ed information received and ihe fnal clos9ng date.
Prinfed by Carly Beard an 3l2212019- 2:01:45PM �'�9e'� o��
_ _ _ _ _
i
! CQMMONWEALTH LAND TITLE CDIVIPANY
� 4100 Newport Pface Dr., Suite T20, �lewport Beach, CA 92660
' Phone: (949)72a-314�
Sefiers Settlement 5tafement
�stimated
�seraw Officer: Escrow No: Close Date: Proration Date: Date Pr�Pared: Disbursement pate:
Grace Kim D9182989-818 GK� 03/22/2019
Se[ler(s):
C�ty af Red�a �nicipal so r ion
By:
Name: Pau ,Foster
lts. �Aayor
This statement is based on informatian ava�lable to the escrow holder as of the date this statement was prepared and the closing date shown
abave, Actua!arr�ounts may change andlor�ary depending on updated information recei�ed and the final closing date.
Printed by CarEy Beard on 3/22/2�19- 2:Q1:44PiN Aage 2 of 2
, CommanweaNh l.and Tif1e Company
� Commonwealth� '�1Q0 Newport PIaCe 17r., Suite 120
iVewport 8eac�, CA 92680
LANb 7[7LE IhfSIJRANCE COMPANY ���� ����� ��� �F�!���hone: (949)724,3140
PLEAS��OM , F�X:
.. . _,.. �_.
T0: Commonwea�th Land Title Cprnpany
Ra: Vacant Land (APN 03.70-142-07), Redlands, CA Escrow Nurnber: 09182989-918-GKD
Disbursement Instruc�ions far Praceeds/Refunds
You are authorized and instructed to disburse my proceeds or refund due me, as indi[ated below. Please make
sure the informatian you pravide is accurate, complete and legible.
❑ Fiold fpr pick up by:
(Prin€nams of individualJ
❑ Mail check tp;
(Escrow Agent�s nqt responsible for timaly delivery pf f1.S.maif)
❑ O�rernight delivery to:
(A fee wi!!be charged as set forth in fhe Genera!Provisions of the�seraw lnsfructions)
❑ ❑efi�er by couri�r to:
(Caurier deliveries must be made to a 6usrness address. �xpadited deliveries w1116e bilted as rharged)
❑ 7ransfer ❑ a�l proceeds or 0 $ to
Atfin: Escrow No, P�one No.
�Wire Transfer Funds: (A[I of the following information must be complefed}
Recei�ing Bank Name: '��_ ���
Bank Addre55; ; ?��`G�� � �IY�E� f [ l '1C���� '�•�(.°L% [F,rz ��/�� .----
Sank Phone: '��.� "-�c� �,G� �� Contact Person at Bank: �QI?�l}�-�!'�� Li.�=����f%��'_!�
A6A Rot�ting Number:* � �G ���L%���e�% Account Number: ��v1�.�' (�(1l'�� �
Account Name (A5 if appears on accaunt: � �
1="f�l C (�����
� 1 �t �' C�'[= - l�L� If�� ��-�
*It is strpagly dvised you contact your financiaf rnstitutiort when completinq this lnformation, The num6er that appears on
checks or on deposii�tickets is not always he correct routing number far wire transfers.*
Provided the funds are wire transferred ln accordance.with ti�ese instructions, Commonwealth Land Title Company shall not
ba liable Por any act or omissian of any financial institution or a�y other person, nvr shal[Commonwea[th Lard Title Company
have any liaf�ility for loss of funds or interest thereon. In no eve�t wfii damages exceed interest at a rate equal to Federal Funcfs
rate, adjusted daily, for the number of days ti�at such funds are unavailable. The underslgned shall indemnify and hold harmless
Commo�wea[th Land Title Company, it's successars or assigns, frorr� any loss, liabllity and cost incurred as a res�it of any
incorrect inforrrration supplied. Cammnnweaith Land Title Company shall not be liable for any special, consequentlai, in[iirect
or ineenfied damages, regardless of wh2ther any claim is based on contracfi or tort whet�er the likelihood of such damage was
k�own to Commanwealth land Title CompanV.
Date: �3��g��_ [
p�.�SC �O�iP�.�E, SIGN AND RE��°�;f��
SEI.LER:
City of Redlands, a municip I orporatian
�y:
Name: au] W. �os er
Its; Mayor
+�/'OF RP()j_ �\
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CITY OF REDLAND S
Wi�-e Transfer and ACH Instructions
Beneficiary City of Redlan�s
Address 35 Cajon Sf., 5te 15B
Redlands, Ca. 92373
Receiving Bank Union Bank
404 California Street
San Francisco, CA 94101
Account# 2740026189
ABA# 122000496
� Contact Commercial Customer Service Unit
(800) 798-6466
i:lproperty sales and acquisitionslunion bank wire transfer ach instructions.doc
Commonwea[th Land Tftle Company
� Cammanwealt�� `��aQ�lewport Place�r.,5ui#e 12Q
i IJewport Beach,CA 9266R
LANt7 i'ETCE IttSURAiVCE CQMPANY Phone: (949)7243'!40
�ax:
�SCROW ACCEATANCE LETTER
�ate: F�bruary 20, 2019
Escrow Number: Q9�8Z989-9�8-GKD
Escrow Officer: Grace Kim
Prnparty Address: Vacant Land(APN 0170-�42-07), Redlands, CA
7his letter shall serve as natifiication of fhe opening of escrow with Commonweaith �.and Titfe Compar�y, �ander
the abov� referenced escrow number for Prflperty known as: Vacant Land, Redla�ds, CA AF[� (0170-142-07).
7he opening date is February 14, 20�t9, said date being the dat��scrow halder reeeived a fuily exec�fied copy af
the Agreemant of Purchase and Sale and Joink �scrow Instructions ("Agreement"} dated January 24, 2019 by
and between (°Selle�')and ("Buyer"}.
Commonwealth �ar�d Title Campany as escrow holder, acc�pts sa[d Agreemenk as the compfete agreement
between fhe�arties and agrees to act in accordance with the terms, conditions and provisior�s as required an� as
app(icable �o the cfosing of this ascrow. The par�ies agree to hand escrow holder afi necessary documents and
f�nds to comply uvifh al[ Cerms, conditions and �rovfsions and as a condition of escrow hofder's ecceptance of t�e
limited a�ency, agree ta be bound by the a#tached Genera[ Provisions. Shguld there by a co�flict in t�e terms af
escrow holder's General Provisions and those of the Agreement, the General Provisions sf�all control as to the
p�rformance and dufies of escrow hnlder. The terms and condifior�s of these provisions are deemed to be
incorporated by referenee.
A] The consideration for this fransactian is�91,ZOO.DO.
AbD1T10NA! fNSTRUCTI4NS
�f. DATE C�.ARIFICATIO�f: For fhe purpos�s of this Eserow(and ir� accordanee with the provisions of fhe
Agreetn�nt), the Parties h�re#o acknawledge the fol[owing;
a. "Opening of Escro�'is February 94, 2U19
b. "Agreement Date" is February 12, 209 9
2. L�GAL DESCRiPT10�l: It is hereby acEcnowledgEd that fhe l.egaf Descriptior�s for the Deeds set forth in
fhe Agre�ment are deemed approved pursuant fo Seller's exec�tion of the Deeds in favor ofi Buyer, and
Buyer's execution of the Cer#'rficates of Acceptance of said peeds.
3. IMPORTAN7 NOTICE REGARI]ING f�EpQSIT OF FUNpS �OR GLOStNG:
4.� Funds receiveci by W1RE TRA�IS��R are a�aila6[e for immedlate ctisbursemen� at the cfose of
escrow. Other farms of payment deposi�ed rr�ay cause ex#ended delays in c[osing. �saraw Holder
will r�ot be responsib[e fior any such detays due Eo the type of depasits made.Tf�eref�re,we strongiy
urge any deposets made fnr clasing funds fa 6e in the f�rrn c�f a wire trans€er. Flease contact your
escrow officer for our wiring ins#ructions,or if you have any questians regarding this notice.
5. CLt�SE OF �SCROW: Far ti�� ��rposes of cfosing this escrow, alf parties acknoruledge that "clos� of
escrow" shafl be tha date nn wF�ich the Deed canveying fif�e (along witF� any financing dacur�ents} is
recorded
6, PRO-RATiONS. Escrow Flafder shall make no prn-rations in this escrow.
Escrow Acoeptance Letler Printed: 3122l2p19 2;p2 PM by CBD
COMMOa10(DSf Rev, 04139117) Page 1 Escrow Hn,:09�[82989-918-GKD
7. MONETARY LIENS OR ENCUMBRANCES OF RECORI7: Prior to close of escrow, Escro�u Holder is
authorized and ins�ructed to obfain beneficiary stat�m�nts, demands andlar cause the reconveyance,
�artia! rcconveyance, or subordinatian, as the case may 5e, of any mnnetary exaeption ar on any rr3atter
of record required ka place titla in the canditipn calfed for, purs�ant to the Agreemer�t.
8. TAX �XEMPT ENTITY: A11 parfies hereto aeknowie�ge that the buyer is public entity and exernpt From
payment of any real property taxes. There wiEl be r�a prara�ior� of taxes through escrow. Seller will be
respansible for �ayment of any reai property taxes due prior to clase of escrovr. !n the event any real
prop�rty taxes are due and un�aid at t�e clos� of escrow, �scraw Holder is hereby authorized and
instructed to pay such taxes from proceeds due the Seifer at tn�clase of escraw. Sefler understands that
the 7ax Collec#ar will not acc�pt partia! paymer�f of an installment of the real prvperty taxes due at the
close of escrow. At the c[ose of escrow, the Buyer will fi[e any necessary documentatiQn witi� the County
Tax CallectorlAssessor for the �roper�y tax exemption. [n the event this escrow closes between July 9
an� November 1 and c�rrent tax information is not avallable from County Tax Col�ector, �scrow Holder is
in�tructed fo with�old 125% of the previous fiscal year's tax bill from Seller's praceeds. At such time that
the tax informatioR is avaifable, Escrow Holder sha[I make a �aymenf to Caunty Tax Callector artd ret�rn
any dffference to the Sell�r. In the svent the amount withhe�d is no#s�f�cient tv pay Seller's taxes dus,
th� 5�[ler f�erein agrees ta immediately deposit any shorkage to escraw holder within 48 hours of
notification. Any prarated refund that will 6e due the 5eiler wil] be refunded to the Seller by the County
Tax CollectorlAssessar outside of escrow and �scrow Hold�r shal] have no liability ar�dlor respansibility in
con�ection therewitf�.
9. G�NER�iL pROViS[ON ACKNOWLEDGEM�NT: By th�ir signature�s) below, Buyer and Seller
acknowledge and agres that#he Gen�r�l Provisions are incor�orated hereta and made a par�hereaf.
1p. nOCUM�N�' EXECUTION GUI[7ELWE5: Priar to the execution of rec�rdable documents, please refer
ta our pocume�ts �xecution Guidelines attached hereto.
NOTIC�S: All notices for escraw holder shou[d be fannrarded to:
Cornmonwealth 1.and Title Company
A#�n: Graee Kim
4104 �3ewpart Plaae�r., Suite 120
Newport Beach, CA 92660
Phone: {9�9) 724-3940 �
Fax: (714�459-72�7 �
Er�aif: gukim@citic,com
Thank you for choosing Commonweaith l.and Title Company. We appreciate your business and look farward to a
successful closing. Please contact me v�iti�any questions nr concerns.
Sincerely,
Cornmonwea[#h Land Title Company
GYL[GG_EC6Vu.
Grac�; Kim � ^ �
�scrow O�icer
�ncl:
Escrow Aeceptance L�tter PrinEed: 3122120'19 2:02 pM by CBO
COMM00't0(DSI Rev.Q4139117} Page 2 �scrow No.:091$2989-998-CK�
_
�
GEI��RA�. PROVISfON5
�1. DEPQSI7'OF FUN17S
The�aw dealing with t�e disbursemenf nf funds requires that all funds be available far yrithdrawa!as a matter of right by ihe titls entity's
escrnw andlor sub�scraw account prior to di5�ursem�nt of any funds. Or�ly wire-transferrec!funds can be given immediate availability
upon deposif, Cashier's checks, teller's checEcs and Certified checks may be availab[� one business day after deposit. All other funds
such as personal, corporate or parEnership checks and drafts are subjecf to mandatory ha[ding periods which rrtay caus� material
de[ays En dEsbursement of fund5 fn fhis escrow. In order to a�roid delays,aIl fundings should be wire transferred.Outgoir�g wir�transfers
will not be authorizad unti[confirmation ot the respective incomfng wire#ransfer or of availability of deposited checEcs.
Deposit of funds Infa general escrovr trust accoun#un[ess instructed otherwise.You may instruct Escrow Hv[der to deposiE your funds
info an interest bearing aecvunt by signing and returning the"Escrow Instructipns-Interest Bearing Accounf',which has heen provided
to you. if yo� da not so insErucE us, th�n al9 funds received 9n this escrow shall be deposifed wifh ofher escrpw funds in one or mnre
gen�ral escrow frust accounts, which include both non-interest bearing demand accvunts and odher depository accounts of Escrow
Holcier, in any stats or nafional �ank nr savings and loan associatian insueed by the Federal beposit Insurance Carpnration (the
"depository in53itutions")and may be transferred to any other such escraw trust accounts of Escrow No[der or one of its affi[iates, eiiher
within or autside ihe State of CaEifomia.A general escrow#rust accouni is restricfed and protected agains#cfaims by fhird parties and
creditors of Escrow Flolder and its affiEiaf�s.
Receipt of �enefifs by Escraw Hnlder and a#Filiates. The parties to fE�is escro�v acknowledge that the maintenance of such general
escrow trust accounts with some depository institutions may resu[t in Esorvw Nolder or its affiliates being peovided with an array of bank
services, accommodations vr other benefits by the depository i€�stifution. Snme or alf of these benefits may be considered interest due
yau under Ca(ifarnia lnsurancE Code 5ection i2413.5. Escraw Holder or iis affiflat�:s also may elect fo enter i€tto otF�er business
fransacfions with or obfain loans for in�estrnent or other purposes from the depository insti#ution.A!I such senrices, accommodations,
and other benefts shall accrue ta�scrow Nalc€er or its affiiiafes and Escrnv�Flolder shall l�ave no o6ligatlon tv account to the parties to
this escraw for the�a�ue of such seNices,aacommodaiions,interest or other benetifs.
5eid funds vrill n4t eam interesE unless#he instruations otherwise spec€fical�y state fhat funds shall be depo5ited in an inferest-bearing
accounf.All disb�rserr�er�ts sha11 he made by checfc of Commonu►ealti�Land Title Company.The principals to this es�rvw are haret�y
notified fhat the funds depaslted her�in are insured only to the limit provided by fhe Federal [7ePos9t Insurance Corpora#ion. Rny
instruction for bank wire wE11 provlde reasonable tlme or notice far�scrow hlolder's compliance with such instruction, Escrow Fiolder's
sole duty and responsibi�ity shall 6e fo Plac�said uvire transfer insfr�cf�ons v�it� its wiring bank upon confirmation of{1) satisfaction of
conBitions precedent or(2)document recordation at c�os�of escrow. Escrow Holder will NOT�e he[rl responsi�fe for lost inferest due
to wire delays eaused by any bank or the �ederal Reserve System, arsd recommends that all parties make fhemselves aware of
banking regulatlons with regard ta placement of wires.
]n thE evenf there is insu�cient time to place a wire upon arty such confirmafion orthe wires ha�e closed for ihe day,the parties agree
to pro�ide writEen instructions for an alternative methocf of disbursemenf. WITHDUT AN AL7ERf�A71VE DESBURSEMEN7
lNSTRUCTIC3N, FUND5 WILL BE W�LD IN �RUST IN A �lON-Ii�TER�ST BEARING ACCOUNT UNTiL TH� NEX1"QPPORTUNI7Y
FOR WIRE PLACEM�N7.
2. P�iORATIONS AND ADJUSTMEN'fS
Ali prorations andlor adjustments caped for in this escrow are#o be made on Ei�e basis of a thirty (30} day rr3or�#h untess otherwise
1r�stnicted i�wrifing.Yau are to use inforrrtafion contain�:d an last availab[e tax sfatement, rental staterrtEnt as pra�ideci by the Se1ler,
beneficiary's statement and fire Ensurance po[icy de[ivered into escrow for the prorations provided for herein,
3. SUPpLEhAENTAL 7AXES
The vvithin ciescribed praperfy rrtay be subjec#to supplemental real praperfy taxes due ta the change of ownership taking p[aee through
this or a p�evious escrow transaction. Any supplementa[ real property iaxes arising as a result nf the fransfer of the property ta Buyer
shall be the sole responsibility of Buyer and any su�pl�menfal reaf property taxes arising prior tn the c[osing date shali be the sole
responslbility of t�e SelEer. TAX B[L�5 OR REFUNDS ISSUED AF'f�R CL05� O� �SCROW SHALL BE HRi�DLED DIREC7LY
BETW��N BUY�R ANI�SELLER.
4. UTIL[T1�SIFOSSE55iON
�'ransfer of utifitiss and possessinn nf the prsrnises are to be seitlecE 8y the parties direcfly and outside escraw.
5. PREPARAi'fON ANb RECORRA'i'ION OF INSTRUM�I�TS
Escrpw Nolder Fs authorized to prepare, abtairt, reccsrd and delNer the neeessary 9nstruments to carry out fhe terms anci condiiions of
ihis escrow and ta qrder the pol'scy of fifle insurance to be issued at close of escrow as called for in these instructions, Close aF escrow
shall mean the date instrumer�ts are recorded,
6. AU7HORI�ATI01�TO FURNISH COPIES
Yau are aufhorized fa furnish capies of these instructians, supp3ements, amendments, nofices of cancellafian and closing statements,
to the Real Estate Brpicer{s)and Lander(s)named in this escrow.
General Pravisions PrinEed: 3l2212018 2:42 PM by CB4
�l�Q0076(DSI Rev.05119l47) Page i Escrow No.:09182989-918-GKL}
7. R[GHT OF CANCEi.l.ATIDN
Any principal instructing yvu ta canc�l this escrow sha�l fi[e notice of canceElalion in your o�ce in writing. You shall, within two �2)
workir�g days thereaffer,deliver, one copy of such notice to each of ihe other principals at Ehe sddresses stafed in this escraw. UI�LESS
WRITiEN OBJECTION TO CANCELLATION [S FiLE� W YQUR O�FICE BY A PRINCIPAL WITH[N �'�I� ('i0j DAYS AFT�R pA7�
O� SUCH DELIVERY, YOU ARE AUTHOR]ZE� TO COMPLY Wli"H SIIC�I NO7fCE AND DEMAND PAYMENT OF YpIJR
CANCELLATION CNARG�S. lf writfen objection is filed, you are aufharized to hold all money and instrumenis in t�is escrow and take
no furlher action until otherwise directed, e9iher by ihe principals' mutuaE written instructions, or by fnal order of a cour� of com�etent
Jurlsrliction.
8. PERSONIIL PROPERTY
No examination or insurance as to the amount or payrner�t of persanal prop�r�y#axes is required un�ess speclficafly raquested.
By signing fhese G�neral Pravisions, fhe parties to the eserovr hereby acknowledge that they are iRdemnifying fhe �scrow Nolder
againsi any and ali ma�ters reEatir�g to any"Bulk Sales"r�quirements, and instruct�soro+nr Agent to praceed witE�the closing of escraw
without any cansideratinn of maEter of any nature whaiso�:ver regarding"Bulk 5a[es" baing handlect through escraw.
9. RIGHI'QF RESIGNA7'InN
�scrow MolcEer has t�e right to resign upon writfers notice 8elivered to the principa[s herein. lf such right is exercised, all funds and
documents shall he r�turned fo#he party who d��ositeci them and�scro�nr Hnlder shall ha�e no liahility hereunder.
1a. AUTH�RIZATION TO EXECE]TE ASSlGNM�N7'OF'NA7.ARD WSURANG� POLICIES
Eifher Buyer, Selfer andlor Lender rnay hand you the ins�rance agenYs name ancf insurance policy infarmation, and you ar�ta execute,
on behalf of the principals hereto, fnrm assignmenfs of interest in any 9nsura�ce palicy (o�her than fif6e insurance} called for in this
escrow,forward assignment artd policy ta the insurance agent, requesting that th�insurer cansent to such fransfer andlor attach a Ipss
payable clause andlor s�tch other endorsements as may�e required, and farward such policy(s} to the prirtcipals entitled thereto, [t is
not your responsibility ta verify the ir�forrnation handed yau or the assignability of said i�surance. Your sole duty is to forward said
request#n insurance agant at close of escrow,
Furfner, there shall be no respnr�sibiGty upvn the part of �scrow �lolder to renew hazard insurar�ce pnlicy(s) upon expirativn or
nthenevise keep it ir�farce either during or subsequent#o the close of escrow.CancepafFan of any exisling hazard insurance poEicies is�o
be hanc[led directly by the pr�ncipals,and outside af escrow_
11. ACTION IN INi'ERPLEA�ER
'Fhe principals heretc� expressly agree that you, as �seraw hlofder, have the ahso[ute right at your alectian to fle an aetion in
interpleader requiring the principals to answer and litigate their several alaims ar�d rights among themselves and you are authorized to
deposit with tF�e clerk of the court all documents and funds held in fhis escrow, [n th�event such acfion is filed,the principals jointly and
severally agree fo pay your cancellation charges and casts, expenses and reasonable atforney'S fees which you ar�required fo expend
ar incur in such inter�leader actfor�,fhe amount tF�ereaf to be fixed and judgment therefore to be rer�dered by the court, Llpon the filing
af suc� action, you shall thereupor� be fully released and dischargEd from alI obligations impasecE by the terms of this escrow or
otherwise.
12. TERM[NAT[C1N O�'AGENCY O�L[GA710N
If there is no action taker�on this escrow within six{6) monihs after the"time lirt�if date"as sef farth in the escrow instructions or wriften
extension thereof,your agency obqgation sF�all ferminate at your oAtion and all documents, monies or ofher iterr�s held by yau shal[be
returned to the parlies depos[ting same. In the event of cancellatior� of this ascrow,whether it be ai#he request of any of the princapals
ar otherwise,the fees and charges due Commonwealfh Land Title Cnrnpany, incl�ding axpenditures i�curred andlor autho�ized shall
be borne equaEly by fhe pariies hereto(unfess ofherwise agreed to specificalfy).
13. CQN�LlCT1NG INSTRUCTIQNS
Upor�rec�ipt of any conflicting instructions,you are to take no action in connection with this escraw until non-cnnflicfing instructions are
received fram al[of the principals to this escrow(subject to sections 7,9, 11 and 12 above).
14. D�LIV�itYIRECEIPT
Deii�ery to principals as t�sed in these insfruclions unless ofherwise stated hsrein is to be by hand in person to the principal, regular
mai1, ernail or fex fo any of the contact information provided in these instructians. If delivered by rc;guiar ma91 receipt is determined to be
72 hours affer such malling. All dacurr�e�nts, balances and statements due fo 1he undersigned may be deliversd to the confact
inforinatic,n shown herEin.AI[notices, change of instructions,communieafions and documents are fo be delivered in writing ta the office
af Cornmonwealth Lanc[Tit[e Company as set forth herein.
15. STA7�IFEDERAL COD�IVD'�iFICATIONS
Rccording to�ecEera!Law,the Seller,when applicable,wili be required to complete a sales activ9ky repart that w€l!be utilized ta generate
a 1099 sfatement to th�Internal Revenue Serviee.
Pursuant to Sfaie Law, priar ta the close ofi escraw, Buyer witl provide Escrow Holder with a Preliminary Change of Owners�ip Repart
]n the e�ent said re�or� is rioE handed to Escrow Holcter for submissior� to fhe Cvuniy in which subject properiy is located, upon
recorciing of tha Grant beed, Buyers acknowledge ihat fhe applicable fee will be assessed by said County and Escrow Holder shall
debii ihe account of Buyer'for same af close of escrow.
GeneraE Pravisions Prinfed: 312212D19 2:02 PM by C80
EI00{3076(DSI Rev.051�t9l17) Page 2 Escrow No.:08i82989-918-GKf3
_ _
�
I �i6. NON-RES[I]ENT ALI�N
The Foreign InvestmenE in Real Property Tax Act(FIRPTA}, Titfe 26 U.S.C., 5ection 9445, ar�d the regu[ations there under, provide in
part,that a tran5�eree (buyer}ofi a U.S. real property interest from a foraign person must wit�hoEd a s#atutory percentage qf the amount
realized on the dispositipn, repor� ihe transaction and remit the withholding to the lnterrtal Revenue Service (IRS) wi#hin twenty {2�)
, days after the transfer. Cammonwealth Land Tit1e Company vvill r�ot deterrrtine nor a3d (n the determination nf whether ti�e FIRPTA
' withhv[ding provisions are applicable to the sut�ject transactian, nor act as a Qualifed Subsiitute under state or federai law, nor f�rnish
#ax advice to any party #a 4i�e fransaction. Commonwealth Land Yitle Company wlll not defermine nar aid in the determination of
vvhether the transaction wi�l quafify for an exception or an exemption and is not responsible for the fil9ng of any tax forms with the IRS as
they relate to�1RPTA,nor resAansible for collecfing and halding of any dacumentation from the buyer or sel[er on fhe h€�yer`s bahalf for
€he purpnse af supporting a c(aim of an excepfion or exerrlption.Cammor�wealth Lanc[7'it�e Company Is not an agent#ar the buyer for
the purposes of r�ceiving and analyzing any evidence or docurnentation thaf the seller in fhe subject fransaction is a U.S. citiaer� or
resid�nt alien. Comrr�anwealth �.and Title Company is nat responsib�e for the payment of t�is tax andlor penalty andlor interest
Incurred in connectior� th�rewith and such taxes are Rot a matter co��rsd by the Owne�'s Pollcy pf Title Insurartce ta be issued to the
buyer. Commonrvealth Land Title Company is not responsible€or the complefion of any 1RS documents or rela#ed forrr►s refaied to
the referenced stafufe.The b�yer Es advised:tf�ey must indepandently make a determiRatian of whether the contemplated#ransacfion is
subject to the withhotding req�irement; bear full responsibility for compliar�ce with the withhalding requirement if applicable aRd/ar fpr
payment pf any tax, interesf, pena{fies andlor ofher expenses#hat may be due on the subject iransaction; and they are responsible for
fhe completion of ar�y and alE forms, in�luding but not �imited to appllcable IRS documentation, and the mai[ing of those forms. The
Buyer is ad�ised any{orms, documents, or inforrnation received from Gort�rnonwealtf� Land Title Company is not tax ar legal advice
' and should not be co�sfrued as such nor treated as a comple#e representation of FIRP7A requirements. Buyer sl�ould seek outside
counsel from a qualified individuaf to d�fermine any and all implicafions af fhe referenc�d statu#e,
'i7. �NCUMSRANC�S
Escforv Ho[der is to act upon any statement5 furnished by a Ifenhofc(er or his agent withaut liabili#y or responsibilify for the accuracy of
such stafements. Any adjustmenfs n�cessary because of a diserepancy hetw�en the information furnished Escrow Holder ar�d any
amounf later determined to be correat shall be sstiled between tha parties direct and outside of escrow.
You are eutharized, without the need for further appro�al, to d�bit my account for any fees and charges that I have agreed fo pay in
connectian with this escrow, and for any amour�ts that I am ob[igated ta pay fo fhe holder of any 11en ar encumbrance#o esta6lish the
tiile as insured by ti�e policy of iitle insurance caiEed for in these instructions. If for ar►y reason my account is not debited for such
arr�ounts at the time of nlosing, l agree fo pay f�em irr�mediately upon demand,ar to reirnburse any other person or entity who has paid
them.
1$. ENVIRONN[ENTAL(S5LEES
Commor�weaith Land Tit�e Company has rr�ade no investigation cancerning said property as to environmer�lalltoxic waste issues.
Any due diligence requsred or needed ta determine environmental impa�t as to farrrts of foxification, if applicable, tvili be dor�e d'€rectly
anci by principals outside of escrow. Commonweatth Land 7itie Company is re[eased of any responsibility andlor liability in
connection therewith.
't9. USURY
Escrow Holder is not ta be concernect with any qu�:stiorts of u5ury in any loan or encumbranae invnlved in the processing of this escrow
and is hereby released of any responsibility ar Eiability ti�erefore.
za. �n�sc�.osu��
Escraw Halde�'s knowledge of matters affecting the property, prvvided such faets dn not pre�ent campliance with these instructions,
does not creaie any fia6ility or duty in addifion ta these i�sfructions.
21. FACSIMIl.ElELECTROMC SIGNA'fURE
Eserow Hafder is hereby aufhorized and 'mstructed that, in the e�eni any party ufilizes electronic or "facsimile" transmitted signed
docurrients or insfrucfions to Eserow Holder,you ar�to rely on ff�e same ior all escrow instruction purppses and fhe closing of escraw
as if th�y boee original signatures. "�I�ctronic Signature" means, as applicable, ar� electronio capy or signature comp[ying with
Califomia Law.
22. C1..,4RIFlCAT[ON QF DUTIES
Commonwealfh Lanci Title Cnmpany serves ONZY as an Escrorv Ho�der in conneotion wi#h these instructions and cannot give legal
aduice to any party hereto.
Escrow Holder fs not to be held accountabEe or liab�e for the sufficiency or correcfness as fo form, manner oF execution, or validity of
any inst�'ument deposited in this escrow, nor as to ff�e ideniity, a�thnrity or rights of any person exec�ting the same. Escrow Holder's
dufies hereuncler shall be limited to fhe prpper handling of such mnney and the proper safekeeping of such instrumen#s, or other
documents received by Escraw Holder, and for ihe disposition of same in accordance with the written instructions accepted by�scrow
Hofder,
Ti�e agency aRd duties of Escrow HoEder corr�rr►ence on6y upnn rec�ipt of copies of the5e �serow Enstructions execut�d by all parties.
23. FI��tDS HELD IN �SCROW
Wf�en fhe company has funds remaining in escrow over 9D days after c]ose af escrow ar esfimafed clnse of escrow,the Company shal[
im�ose a montE�ly holding fee o€$25.OQ that is to be charged against the f�nds held by the Company.
Generai Provisions Printed: 3122f2019 2:02 PM by CBO
E10�0676(�Sf Re�.D5119/17) Page 3 Escrow No.:03182983-9'E8-GKD
7N1S AGREEMENT IN AI.L PARTS APPLIES TO, iNURES TQ THE BENEFIT OF, AND 81NDS ALL PAR�'IES HERETO, 7H�IR
HEIRS, LEGATE�S, ❑EVISEES, ADMINJSTRA7DF�S, EX�CUTORS, SUCCESSORS AND ASSiGNS, AND WFiENEVER TH�
CONTF�CT SO REQUIRES THE MASCULiNE GENDER fNCLUDES THE FEMININE AND NEUTER,ANC}THE 51NGULAR NUMBER
! INCLUDES TH� P�.URAE.. TFiESE INSTRIJCTIO�ES AND AIVY OTHER AMENDMENTS MAY BE EXECUTED 1N ANY NUMBER OF
F Cd�NTERPARTS, EACH QF Wl�ICH SHALL BF CbNSI�EREQ AS AN OR1GiNlaL ANQ BE EFFECTIVE AS SUCH,
MY SIGNATURE FEERETO C4NSi'iTUTES INS7RUCTION i�0 ESCRQW HO�D�R OF ALi. 7ERM5 AND CONDITIONS
CQNTAIN�D IN THIS AND ALL PRECED�IVG PACES ANp FEJR7HER SICNIFIES Tf-fAT I HAVE READ AND iJND�RSTA1�fCJ 7HESE
GENERAL PROVISIONS.
Carr�monwealth Land Tit�e Company aanducks escrow business under a CerfiFEcate of Authority No, 285 iss�aed by the
Califarnia Aepartme�t af Insura�ce.
BUY�R: SELLER:
San Bernardino County Transportation AutF�oriEy City of Ftedlands a municipal poration
(SBCTAJ
By� ��
BY� Name: P'au[W, �oster T' �
Name: Its. Mayor
fts:
Current Mai3ing Address:
Forwarding Mailitlg Address:
Noma Pho�e lYumber: �ax IV�mber:
Ce3I Phone Numbe�; E-rt�a�l Address:
Gerseral Provisions Signakure Page Printed: 3/22/2019 2;02 PM by CB4
E1000098 4�51 Ftev, 12109196) Page 1 Escrow iJo.:09982963-948-GKD
Commonw�alth �and Ti�le Company
�i �ammonwea��h� 4100 f�ewport Place Dr., Suite 12Q
Newport Beach, CA 9z664
LAHO TITLE [NSURANCE COMPANY Phon�: (949) 724-3140
Fax:
Certification of Mon=Foreign Sta�us
Date: March 22, 2019
�scrow No.: 09182989-918-GKD
Sec�ion 1445 of the Tnternal Revenue Cnde req�ires a transferee (buyer) o� a i�S. Reai
Property interest to withhold fifteen (J.5} percent of the grass safes price if the transferor
(seller) is a foreign person or entity unless �h� transferee �receives a certificat�on of nan-
foreign sta�us fram �ha �ransferor tssllerj. The certification mus� be signed under penalties
of perjury, s�atiRg the transferor is nat a foreign person/entity and cantaining the
transferor's name, address, arld U,S. Taxpayer ldentifi�ation Number,.
Sellers wi�o provide such a certifieation are exempt frorn withholding �nd the esfiimated tax
cannot be collected from them unless the buyer Qr their agent have knawledge the
cert�fic�tion is fafse.
Certification of No�-Fareigro Sta�us by Entity ��,��������,�� S�G���� ���'�(���°�
� ai SLi,.:b:�tr
The undersigned hereby cer-Cifies the �ollowing:
�.'� f 7-�.' �1 :� ��`�_��r)L.�,_ ��'.
is rtot a fareign corporakion, Foreign partnership, foreign trus�, or foreign estate {as defined
in fhe internal Revenue Code and Income Tax Regulations) ar a disregard�d entity as
def�ned in §�..1445-2(b)(2)(iii}.
The U.S. Emplayer ldentificatlon �tumber for t�is entity is
�`�'��l����r%(�-�
The oFfic� addr�ss is:
_ :�J L��-��T(�f`Z �71rLL'1 � ��E1 i t�" �GG
�4= n( ���`��� r�-f i �l Z ���-�
The transferor/seller understands that tt�is certification may be disdosed to t�e InternaE
Revenue Service by transferee and khat any fal�e staternent contained herein could be
p�nlshed by fine, ImprisonmenC, or both.
l�nder penaft9es of perjury I declare I ha�e compieted this certification and to the best of rny
krtowledge and belief it is tru�, correct, and compleke, and T further declare that I have
a�ctharity to sign this dacument on behalf oF ssller.
Ci�y of Re ds uni or ora n
By: c�.�5�i .���.
Narr�e; Pauf W. Foster
Tts: Mayor
5eller, Buyer and Escrow Agent �o maintairl a capy For Five {5) years,
FIRP0003(DSY Rev.4J15/16)
I
Commo�wealth Land Titie Gvmpany
C�mmo�wea�thtµ 41�0 Newport Place Dr.,Suite 120
� iVewpart Beach,CA 92660
LAND 7I7l.E 7tJ5�RANCE COMpANY Phane: (949)724-3140
Fax:
Grac� U. KiExe;CorttEtrterciai Escrow Officer
Phone: (949) 7Z4-31��. + Fax: (714) 459-7217
e-maiE: ukim Itic.corn
INFORMATIQN FORM
PLEASE COMPLE`i'E, SIGN AN� RETURN
Marc� 22� 20�.9
�5CF20W iVO.: Q918Z989-518-GKD
RE: Vacant Land (APN 0170-i42-07), Redlands, CA
in orcier to proceed wi�h �he abave referenc�d escrow, we require t�te following informat€nrt regarding your exisCing liens and
Homeowners Association, if any. �AYLt1RE TO COMPL�7'� 7Hi5 FQRM WILL DELAY YOUR CLQ5ING. Thank You in
advance f r r eratian and im I r turn of this form.
���u� L.OAN:
EYame of Lender � �� ,..-- - ...._._._. Pfrone#
Address
�oan Number: Approximate unpa9d balance$
(x) Payments due an the day of each month (Z) Date of your]ast payment:
(3) Loan is(circle on�): Conventtonaf VA EHA Eq�fty�ine Other;
(a) Is ther�an Impaund Account? i7 Y�S � N4 �s� NEonthEy Payment Amaur�t�
���nn�p�.oaN•
Name of Lender� Phone#k
Rddrass
Loan humBer: Appr ate uRpaid balance$
(t}Payments due on the day f each montl� (a) �ate of your[ t payment:
(3) Loan is(cirrle on�): Conventlonal VA FHA Equ9ty l.ine Other•
(a) Is there an Impound Account? � YE5 NO (5) Mont�ly Pa ent Arnount�
OTHEF2 LFEN:
Name of Lender Phone #
Address
Loan Number: Approximate unpaid balance$
(�)Paymenrs d�e on ti�e day of each mon { Date vF your East payment:
(s) I.aan Is{drele one): conventionai VA FHA Eq Llne Other:
(a) Fs there an Tmpaund Accounti� ❑ YE5 0 NO (5} or�thly Payment Amount$
F10�7 EQWN�RS_ASSOCYATION:
Narrce of Associat�on Management Ca Name:
Address •
Accot[nt htumber: Phone :
(i).Payments due or� th� day o each month (z} Date a our last payment:
{s)Amount of the month[y du�s: � (4)Are there ny special assessmen�.s? (explain)
If there is a secondary Homeowners Associarion, please pravide us wvith the r InPnrrrtativn as well:
Name of Association Manag�rnent�o. Name:
Address �\
Acco�nt Number: Phone#:
{1)Payments due on the day af each monCh {z) Date oF your last payment:
(s)ArrEaunt of[he monthiy dues: $ (a) Are there any special assessments? (explain)
Escrov�r No,; fl3182989 - 918 - GKD
� WATER STOCK5:
� �f you have shares of Water Stock please comp{ete the oflowing:
Name of Water Cors-�pany
Address
phone• Fax•
Q�!AN�MINERAL RIC,HTS:
Name of Company
P�a�e � Amount: �
YMPORTAf+fT i1+IFQRMA7ION:
IF any of your loans to be paid of�through this escrow are EQ[JiTY CREDIT LIfVEs, please be ari�ised of the following:
i. i"hey will be paid ofF in full and a request for RecoRveyance of the Deed of Trust wiEf be submitted;
2. A"freeze"will occur an this account as of the date the demand for payment Is wr��ten. Escraw Nolder wiU immediately
reqvest this demand In order ta properly process this transackion. The undersigned state and dec�are there wlll be no
fur'ther draws or checks wri�ten which would increa5e or tap any remalning credit on Chis a�caunt during the course of
this escrow. Shou€d there be any draws on this credit line after the date of the opening af this escrow, wh[ch are not
� reflected in tf�e demand for payoff used to close escrow, the undersigned wiil be fully responsible far the
repayment of any amount which is due in arder to compfetely pay this lien in Fuff and obtain a Recanveyance.
The payment of child or spousal support may be considered a lien against yaur property. If you pay child or spousal support,
please conract the escrow holder with pertlnent information at your earliest convenience. Obtaining rele�ses from the District
Attorney or other attorney can be time consumfng and may delay the c�osir�g oF your escrow.
In the event �i�at your existing rr�o�tgage is an FHA insured loan, you as Borrowar must irrtmediate�y sen� your lander a writter�
notice of your intention to payoFf the loan in order to eliminate an additional 30 days interest being charged by�he lender at
the clase af escrow. 5eid notice must be received by your lender a minimurn of 3Q days prior to the closing date oF escrow. T�I '�S
is YOUEt resp�sibilitv.
*** AUTHORIZATION FROM BORROWER TO ORD�R PAYOFF S'CA7EMENTS *�*
The undersigned authorize Escrow Holder to order sta�ement(s) on the liens as nutlinad above, or provided ko Fscrow Holder by the
undersigned representatives in this transaction. Our signatures below sttail constitute our consent ancE approval to our existing
lenders to issue statements in accordar�ce with the re uest of Escrow Ho�der.
We the undersigned, certify that the above 1nFvrmatifln is true and corrett to the best of our knowledge.
S�LL�R:
City of Re a ,a munici al rp ratian
BY:
Narne: Paul W.Foster
Its. Mayor
�3 2 t�
Da te
FORWgrR,DIl1lC,ADDRESS FQR SE�L�R AFTER THE CL05E OF ESCROW:
/
---� '�`7 (�'E��1 r�f`i ��i�E��?r , .`�; ��' z�G , k�1�L f�`��1� �'�i' �rZ 3���
Street City (. � " zip Code
i
aWNER'S DECLARATION
7he undersigned here6y declares as follows:
1. Declarant("Qwner"J is the owner or lessee,as the case may be,of certain premises located at Vatant Land,
Redlands,CA,{APN fl170-142-Q7-0-000)fur�her described as follaws: See Preliminary ReporC/Commitment
No.09203096 full legal desCription(the"Land"),
�.. {Fill in the applscable paragraph and strike the o�E�er�
a. During the period of six months immediately preceding the date of this dec�aration no work has
been done,no surveys or architectural ar engineering plans have been prepared,and no materials
have been#urnished in connection with the erec�ion,eq�9pment,repair,pt-oteetion or removal of
any building ar ather struct�re on the Land or in connectian with the improvement afi the f.and in
any mannerwhatsoever.
, �,��5� �����.�.s�, ��Ci�b.��� ��r��ti4e period of six manths immediately pre ing ti�e date of this declaration certain wosk
has been do�e and terials fumished in connection
with upon the Land In the approximate total surn pf
$ ,but no work whatev mains to be done and no materials remain ta ba furnl5hed to
camplete the tar�st�'uction i comptiance with Che plans and specifications, nor are there any
unpaid bills incurred Fo or and materials used in making such improvements or repairs upon the
Land, or for e services of architectS, Surveyors or engirseers, exCept as
foElows: . Owner,
by th ndersigned 6eclarant, agrees to and does E�ereby indemnify and hold harmless
'n rnnnwealth Land Title Company against any and all tlaims arising therefrom.
3, Owner has not prevlously conveyed the Land;is not a de6tar in bankruptcy{and if a partnership,the general
partner thereof is nat a debtor in bankruptcy); and has not received notice of any pending court action
affecting the title to the Land.
4. Except as shown in the above-referenced Preliminary Report/Commifiment,there are no unpaid or unsatisfied
mortgages, deeds of trust, Uniform CpmrrierCial Code financing statements, ciaims of pen, spetidl
assessments, or taxes that �anstitute a lien against the �and or thaE affect the Land but have not been
retorded in the public records.
5. The Land is currentiy In use as ���T7� � occ�py/pCeupies the Land;
and the following are all of the leases or other occupar�cy rights affecting the Land:
6. Thereare no other persons or entities that assertan awnership interest in the Land,nosare there unrecorded
easements,Clairns of easemen#,or bou�clary disputes that affect the Land.
7. There are no autstanding options to purchase or rights of first refusal affecting the Land.
8 Ther2 are no materia!violatians oF any current,enfarceable covenant affecting the Property and the
Undersigned has received no written natice from any Chird party claiming that there is a present
vinlation of any current,enforceahle covenant affectingthe Praperty.
This declaration is made witf�the intention that CammonwealEh Land Title and Commonwealth Land Ti��e Insurance
CDmpany �"Cornpan}�'� and its palicy issuing agents will rely upon it in issuing their title insurance policies and
endarsements. dwner, by the undersigned oeelarant, a�rees to indernnify the Comparty against loss or darnage
(including attarney's fees, expenses, and costs} Incurred by the Company as a result of any untrue statement made
� herein.
I declare under penalty of per}ury that the foregping 9s true and correct and that thls de�larat�on was exetuted
on��at �r,�k'_. � ��!=� � �.��,_�.
P��S����[�����, S4GN AND F.�:� _
SIGNATURE PAGE FOLLOW5
�
�
51GNATURE PAGE OF QWNER'S DECI.ARATIQN FORM
Selfer:
City of Redlands, a municipaf corporation
�y' ��
Name. Pau� W. Foster
Its. Maynr
�