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HomeMy WebLinkAboutContracts & Agreements_79-2020First( American Tyle Insurance Company NATIONAL CQ 11,1 F?CIAL cFRVICFS City of Redlands, a municipal corporation P 0 Box 3005 Redlands, CA 92373 Kelly Simoneau Escrow Officer ksimoneau@firstam com 3281 E Guests Road, Suite 440 Ontario, CA 91761 Phone Number (909)510 6206 FAX (877)461 2088 March 30, 2020 Re Property Vacant Land Redlands, CA File No NCS-1005171-ONT1 ( KS) Dear City Clerk Regarding the sale of your property referenced above, First American Title Insurance Company National Commercial Services will be handling your transaction In connection with the above referenced transaction COMPLETE IN FULL and/or SIGN AND RETURN the enclosed items California Withholding Package Information Loan Information Sheet • Exchange Information Worksheet • Owner's Affidavit • Proceeds Disbursement Information • Commission Information Worksheet • Certification for Information Reporting on the Sale of Property (IRS 1099-S Reporting Form) • Rent Statement ENCLOSED please find the following for your records. • Entity Document Request List (please provide applicable documentation) Preliminary Title Report/Commitment for Title Insurance Escrow Acceptance Letter Please note that all original recordable documents must be sent directly to escrow Should you have any questions or need further assistance, please contact the undersigned We appreciate the opportunity to serve you Sincerely, Kelly Simoneau Escrow Officer First American Title Insurance Company KS/mv Via Email TAXABLE YEAR 2020 Real Estate Withholding Statement CALIFORNIA FORM 593 AMENDED • n Part I Remitter Information • n REEP Qualified Intermediary ET Buyer/Transferee Other Business name First American Title Insurance Company National Commercial Services LK] FEIN n CA Corp no 1 1 CA 505 file no 95 2566122 First name Initial Last name SSN or ITIN Address (apt./ste , room, PO box, or PMB no ) 3281 E Guasti Road, Suite 440 City (If you have a foreign address, see instructions) Ontario State CA ZIP code 91761 Telephone number (909)510 6200 Part II Seller/Transferor Information If a grantor or nongrantor trust, check the box that applies Grantor U Nongrantor Trust First name (Grantor) Initial Last name (Grantor) SSN or ITIN Spouse's/RDP's first name (if jointly owned) Initial Last name Spouse's/RDP's SSN or ITIN (if jointly owned) Business/Nongrantor Trust name (if applicable) City of Redlands, a municipal corporation FEIN CA Corp no L..... _ICA SOS file no 95 6000766 Address (apt/ste , room, PO box, or PMB no ) P 0 Box 3005 City (If you have a foreign address, see instructions) Redlands State CA ZIP code 92373 Telephone number (909)798 7531 Property address (provide street address parcel number and county) Vacant Land Redlands CA Ownership percentage 100 0/0 Part III Certifications which fully exempt the sale from withholding (See instructions) Determine whether you qualify for a full withholding exemption Check all boxes that apply to the property being sold or transferred 1 2 3 1�y !I The property qualifies as the seller's principal residence under Internal Revenue Code (IRC) Section 121 n The seller last used the property as the seller's principal residence under IRC 121 without regard to the two year time period ❑ The seller has a loss or zero gain for California (CA) income tax purposes on this sale Complete Part VI, Computation 4 ® n The property is compulsorily or involuntarily converted, and the seller intends to acquire property that will qualify for nonrecognition of gain under IRC Section 1033 5 The transfer qualifies for nonrecognition treatment under IRC Section 351 or IRC Section 721 6 n T• he seller is a corporation (or a limited liability company (LLC) classified as a corporation), qualified through the CA Secretary of State or has a permanent place of business in CA 7 1 1 The seller is a CA partnership or a partnership qualified to do business in CA (or an LLC classified as a partnership for income tax purposes that is not a single member LLC disregarded for income tax purposes) 8 n T• he seller is a tax exempt entity under California or federal law 9 E The seller is an insurance company individual retirement account, qualified pension/profit sharing plan, or charitable remainder trust Part IV Certifications that may partially or fully exempt the sale from withholding or if no exemptions apply (See instructions) Determine whether you qualify for a full, partial, or no withholding exemption Check all boxes that apply to the property being sold or transferred 10 ® n The transfer qualifies as either a simultaneous or deferred like kind exchange under IRC Section 1031 11 ` n The transfer of this property is an installment sale where the buyer must withhold on the principal portion of each installment payment Copy of the promissory note is attached Complete Part V Buyer/Transferee Information on Side 2 12 (i) n N• o exemptions apply Go to Part VII, Line 31 If you checked one or more boxes in 1 9, go to Side 3, complete the perjury statement and sign Provide Sides 1 3 to the remitter before the close of escrow or exchange transaction to submit to the Franchise Tax Board STOP here Withholding is not required If you checked box 10, go to specific line instructions on Page 4, Part IV If you checked box 11, go to Part V on Side 2 Withholding may be required If you checked box 12, go to Part VII on Side 3 for amounts to withhold Withholding is required 8601203 Form 593 2020 Side 1 III Remitter Name First American Title Insurance Company National Commercial Services Part V Buyer/Transferee Information SSN, ITIN, FEIN CA corp no , or CA S05 file no 95 2566122 Complete if you checked box 11 in Part IV for an installment agreement First name (Grantor) Donn Initial Last name (Grantor) Grenda SSN or ITIN Spouse's/RDP's first name (if jointly purchased) Initial Last name Spouse's/RDP's SSN or ITIN Business/Nongrantor Trust name (if applicable) n FEIN FICA Corp no 1 ICA SOS file no Address (apt,/ste room PO box, or PMB no ) PO Box 390 City (If you have a foreign address see instructions) Redlands State CA ZIP code 92373 0123 Telephone number Principal Amount of Promissory Note Installment Amount Interest Rate Repayment Period Number of months Buyer's/Transferee's Acknowledgment to Withhold Read the "Buyer/Transferee" Information below Go to Side 3, complete the perjury statement and sign. I acknowledge that I am required to withhold on the principal portion of each installment payment to the seller/transferor fo r the above shown California real property ether at the rate of 3 1/3% ( 0333) of the total sales price or the Alternative Withholding Calculation, as specifed by the seller/transferor an Form 593, Real Estate Withholding Statement, of the principal portion of each installment payment I will complete Form 593 for the principal portion of each installment payment and send one copy of each to the Franchise Tax Board along with Form 593 V Payment Voucher for Real Estate Withholding the withholding payment, and give one copy of Form 593 to the seller/transferor I will send each withholding payment to the Franchise Tax Board by the 20th day of the month following the month of the installment payment If the terms of the installment sale, promissory note, or payment schedule change, I will promptly inform the Franchise Tax Board I understand that the Franchise Tax Board may review relevant escrow documents to ensure withholding compliance I also understand that I am subject to withholding penalties if I do not withhold on the principal portion of each installment payment and do not send the withholding along with Form 593 to the Franchise Tax Board by the due date, or if I do not send one copy of Form 593 to the seller/transferor by the due date Part VI Computation Complete this part if you checked and certified box 3 in Part III, or to calculate an alternative withholding calculation amount 13 Selling price 14 Selling expenses 15 Amount realized Subtract line 14 from line 13 ® 13 14 15 16 Enter the price you paid to purchase the property (see instructions How to Figure Your Basis) 16 17 Seller/Transferor paid points 17 18 19 18 Depreciation 19 Other decreases to basis 20. Total decreases to basis Add line 17 through line 19 21 Subtract line 20 from line 16 22. Cost of additions and improvements 23 Other increases to basis 24 Total increases to basis Add line 22 and line 23 25 Adjusted basis Add line 21 and line 24 26 Enter any suspended passive activity losses from this property 27 Add line 25 and line 26 22 ® 23 20 21 24 26 ® 25 27 28. Estimated gain or loss on sale Subtract line 27 from line 15 and enter the amount here If you have a loss or zero gain, certify on Side 3 No withholding is required If you have a gain, go to line 29 and 30 to calculate your withholding 28 ® Form 593 2020 Side 2 8602203 Remitter Name SSN, ITIN, FEIN, CA corp no , or CA SOS file no First Amencan Title Insurance Company National Commercial Services 95 2566122 29 Alternative withholding calculation amount Check the applicable box for the filing type El Individual 12 3% n Corporation 8.84% n Bank and Financial Corporation 10.84% ] Trust 12 3% ❑ Non California Partnership 12 3% ❑ S Corporation 13 8% n Financial 5 Corporation 15 8% Multiply the amount on line 28 by the tax rate for the filing type selected above and enter the amount here This is the alternative withholding calculation amount If you elect the alternative withholding calculation amount, then check the appropriate box on line 35, Boxes B H, and enter the amount on line 36 30 Total sales price withholding amount Multiply the selling price on line 13 by 3'/3% ( 0333) This is the total sales price withholding amount If you select the total sales price withholding amount, check box A on line 35 below and enter the amount on line 36 . 30 Part VII Escrow or Exchange Information 31 Escrow or Exchange Number . 29 • 31 NCS 1005171-ONT1 32 Date of Transfer, Exchange Completion Failed Exchange, or Installment Payment (mm/dd/yyyy) • 32 33 Total Sales Price, Failed Exchange, or Boot Amount $ 1 390 000 00 x Ownership Percentage % • 33 34 Type of Transaction (Check One Only) • A ] Conventional Sale/Transfer C ]Boot B n Installment Sale Payment D ]Failed Exchange 35 Withholding Calculation (Check One Only) • Total Sales Price Method A 0 3%3% ( 0333) x Total Sales Price, Boot, or Installment Sale Payment Alternative Withholding Calculation Election B n Individual 12 3% x Gain on Sale F EIS Corporabon 13 8% x Gain on Sale C i l Non -California Partnership 12 3% x Gain on Sale G n Financial 5 Corporation 15 8% x Gain on Sale D n Corporation 8 84% x Gain on Sale H ]Trust 12 3% x Gain on Sale E n Bank and Financia[ Corp 10 84% x Gain on Sale 36 Amount Withheld from this Seller/Transferor .. 1E36 Title and escrow persons, and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding amounts Transferors are strongly encouraged to consult with a competent tax professional for this purpose To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb ca gov/forms and search for 1131 To request this notice by mail, call 800 852 5711 Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge true and correct I further certify that Check the applicable box(s) The sale is fully exempt from withholding as indicated by a check mark(s) in Part III n The sale is fully or partially exempt from withholding as indicated by a check mark(s) in Part IV The seller has elected the Alternative Withholding Calculation as indicated by a check mark in Part VII, line 35 (B-H) n The Buyer/Transferee understands and accepts the withholding requirements as stated on the Buyer's/Transferee's Acknowledgment to Withhold in Part V This box should only be checked by those who are involved in an installment sale Sign Here It is unlawful to forge a spouse`s/RDP's signature Seller'C� ror` i. . ure X Sellers/Transferor's spouse's /RRDP's signature x Buyers/Transferee's signature X Date Date 20 Buyer's/Transferee's spouse's/ADP's signature X Preparer's name and Title/Escrow business name X Kelly Simoneau, First American Title Insurance Company National Commercial Services • 8603203 Date Date Telephone Number (909)510 6206 Form 593 2020 Side 3 Ill First AF22cI'dCa1] Tale Insurance Company NATlCON,?L COMLtFCE&.L SrPV CF' RE Escrow No NCS-1005171-ONT1 3281 E Guasti Road Suite 440 Ontario, CA 91761 Date 03/30/2020 Officer Kelly Srmoneau Property Vacant Land Redlands, CA LOAN / OWNER'S ASSOCIATION INFORMATION REQUEST In order for us to obtain statements of account from your existing lender(s) or Owner's association, please provide us with the following information on your accounts We must have accurate and complete information on your accounts, as some take up to 30 days to return our request Please fill out and return this form as soon as possible Federal Regulation 545-132D requires authorization in writing from you before a lender can release any payoff information to an escrow holder A delay in returning this signed and completed form could delay the close of this escrow. FIRST TRUST DEED Lender Name Address Not Applicable Loan Number Phone Number Fax Number SS#/TIN SECOND TRUST DEED Lender name Address Loan Number Phone Number Fax Number SS#/TIN OWNER'S ASSOCIATION (if applicable) Association Name Management Co Address Account Number Phone Number Fax Number SS#/TIN Our signatures below are to be considered instructions for obtaining statements, to comply with the instructions of the above named companies, and our authorization to pay from Funds due us at the close of escrow said companies' fees, including, but not limited to Statement Fees, Transfer Fees, Late Fees, Prepayment Penalties, Impound Account Shortages without our further approval Please Provide Your Forwarding Address below, so funds or documents may be sent to you after close of escrow PO Box 3005, Redlands, CA 92373 Effective Date First American Title Insurance Company National Commercial Services 3281 E Guasti Road, Suite 440 Ontario, CA 91761 SELLER(S)• City of Redlands, a municipal corporation P.O Box 3005 Redlands, CA 92373 City of Redlands, a municipal corporation ems. Pv�alif; Paul W Foster, Mayor File No NCS-1005171-ONT1 (KS) Date 03/30/2020 First American Title Insurance Company l4, T CJ ".I CDMMF9C`A.L SERVICES 3281 E Guasti Road, Suite 440 Ontario, CA 91761 Ph (909)510-6206 FAX - (877)461 2088 DATE March 30, 2020 Escrow # NCS-1005171-ONT1 TO Escrow Officer Kelly Sfmoneau EXCHANGE INFORMATION We need the following information to process your escrow. Please complete this form and return to our office ❑ I/We request that First American Exchange Company contact us to discuss a 1031 Exchange Or, I/we may also contact First American Exchange directly at (877) 317-1031 to discuss a Tax -Deferred Exchange ❑ I/We will contact My Exchange Company listed below regarding a Tax Deferred Exchange I/We will ask them to contact you Accommodator Exchange Officer Exchange Number Phone and Fax Number E -Mail Address Final Date to Exchange I/We are certain that we will NOT be doing a 1031 Exchange Transaction for this property I/We hereby authorize you as Escrow Holder to discuss this file with my Exchange Company in order to process this escrow rez_t_J Name QAUL VJ Fa5IE11� ti MDR. Ai7E-5T TEMIj DotitittAA Name C i71 t Witk VW* Signature Phone Number 1.7)70-7531 • ature Phone Number PLEASE COMPLETE AND RETURN OWNER'S CERTIFICATION AND GAP INDEMNITY A The undersigned, City of Redlands ("Owner") which owns title to the real property located in the City of Redlands , County of san Bernard,n5, State of California (the "Property") described in the Commitment for Title Insurance issued under NCS - NCS 1005171-ONT1 (the "Commitment') and in consideration of First American Title Insurance Company ( the "Company') issuing its policies of title insurance insunng an interest in the Property under said order number, hereby represents and certifies as follows 1 That Owner is the owner of the Property and has not conveyed title to the Property to any third party and is not aware of any third party disputing the Owner's ownership of the Property, 2 That there are no delinquent real estate taxes or unpaid current real estate taxes, nor any pending or levied assessments on the Property including but not limited to those for trees, sidewalks, streets, sewers and water lines, 3 That except as shown on the attached Exhibit A, within the last six (6) months (a) no labor, service or materials have been furnished to improve the land, or to rehabilitate, repair, refurbish, or remodel the building(s) situated on the land, (b) nor have any goods, chattels, machinery, apparatus or equipment have attached to the building(s) thereon, as fixtures, (c) nor have any contracts been let for the furnishing of labor, service materials, machinery, apparatus or equipment which are to be completed subsequent to the date hereof, (d) nor have any notices of lien been received, except as shown on said attached exhibit 4 That the Owner is in sole possession of the Property and that no other party has possession, or has a right of possession under any tenancy, lease or other agreement, written or oral, except as shown on the attached Exhibit B, and that in connection with any such possessory nght, lease or other agreement, there are no rights of first refusal, rights or first offer, or options to purchase all or any portion of the Property 5 That the covenants and restrictions, if any, shown in the Commitment have not been violated by the erection of the improvements on the Property or the use of the Property, and there are no known facts which would cause such violation, nor has Owner received any notices of any violations thereof 6 That except as shown on the attached Exhibit C the Owner is not a "retailer, "commission merchant,' "dealer," or "broker" of "perishable agricultural commodities" as defined in 7 USC 449a(4) 7 In order to induce the Company to issue its policies of title insurance with full knowledge that the Company will rely upon the accuracy of the statements made herein, Owner hereby agrees to hold the Company harmless from and indemnify the Company against any and all Toss, cost, damage or expense of every kind, including attorneys' fees, which the Company may suffer or incur or become liable for under its said policies directly or indirectly, due to its reliance on the accuracy of the foregoing representations or in connection with its enforcement of its rights under this certificate and indemnity 6 The Owner acknowledges and agrees as follows 1 The Company is unwilling to issue sad policy or policies until the closing rnstrument(s) under which the proposed insured acquires an interest in the Property is/are filed for record in the appropriate recording office(s) (the "Recording Date"), 2 The parties in the transaction have requested the Company to provide a so-called New York Style Closing' which provides for the unconditional delivery, upon the closing, of the title policies concurrently with the delivery of the instrument(s) between the parties and the passing of consideration therefor 3 In consideration of the Company issuing its policies without taking exception therein for matters which may arise between the most recent effective date of the Commitment (the "Effective Date") and the Recording Date, known as the "Gap Period", and which matters may constitute an encumbrance, hen or objectionable matter to or may affect said title (collectively, "Objections to Title"), the Owner agrees to promptly defend, remove, bond or otherwise dispose of any Objections to Title which may arise or be filed, as the case may be, against the Property during the Gap Period and to hold the Company harmless from and indemnify the Company against all expenses, costs and reasonable attorneys' fees which may arise out of Owner's failure to so remove, bond or otherwise dispose of any of said Objections to Title Dated 4/(112 [Owner] By6� (1) Its Paul W Foster, Mayor Attest ne Donaldson, City Clerk EXHIBIT A WORK AT PROPERTY {Describe work, or if none, state "NONE"} NONE EXHIBIT B PARTIES IN POSSESSION AT PROPERTIES RIGHTS OF FIRST REFUSAL, RIGHTS OF FIRST OFFER OR OPTIONS TO PURCHASE {Attach Rent Roll or list of leases and confirm that there are no ROFRs or ROFOs or Options} No ROFRs, ROFOs, or Options EXHIBITC PACA/PSA Act exceptions First Arncr•rcan Fire Insurance Company f4rT o -'J 1 CD',WERC L SFRVl Ers PROCEEDS DISBURSEMENT Dated 03/30/2020 City of Redlands, a municipal corporation P 0 Box 3005 Redlands, CA 92373 Order Number NCS-1005171-ONTI Property Address Vacant Land, Redlands, CA Buyer/Borrower(s) Donn Grenda Seller(s). City of Redlands, a municipal corporation 32B1 E Guasti Road, Suite 440 Ontario, CA 91761 The undersigned seller(s) or borrower(s) request that the proceeds from the sale or refinance of the above captioned property be sent in the following manner Please select one and complete if necessary 1 _ Pick-up at First American Title Insurance Company National Commercial Services, 3281 E Guasti Road, Suite 440, Ontario, CA 91761 2 Mail to the following address 3 _ Overnight via express mail service to the following address 4 Wire proceeds to Union Bank, 400 California Bank Name & Address 122000496 Bank ABA Routing Number Street, San Francisco, CA 94101 2740026189 Bank Account Number City of Redlands Bank Account Name 5 Other Page 1 of 2 Seller(s) City of Redlands, a municipal corporation Paul W Foster, Mayor Date 4 / /2020 Page 2of2 To Re Seller • M First American Title Insurance Company National Commercial Services Kelly Simoneau, Escrow Officer Vacant Land, Redlands, CA City of Redlands, a municipal corporation INFORMATION REQUEST FORM — For IRS 1099-5 Reporting For Real Estate Transactions ("Property") First American Title insurance Company National Commercial Services 3281 E Guasti Road Suite 440 Ontario, CA 91761 (909)510 6206 Fax - (877)461-2088 File No NCS 1.005171 ONT1 (KS) Date March 30 2020 Give form to requestor Do not send to the IRS Print or type— follow all instructions carefully Name (as shown on your income tax return) City of Redlands Business name/disregarded entity name if different from above Check appropriate box. 0 individual / Sole proprietor B Corporation (exempt from 1099 S reporting) 0 Partnership 0 Limited liability company For LLC, enter the tax classification (D=disregarded entity C=corporation S=S Corporation, ❑ Other (ie Bankrupts, etc — see instructions) ► 0 0 Trust/estate P=Partnership IP - Forwarding Street Address (your address after closing) 35 Cajon Street, Suite 2 Percentage Owned ti 100% 0 Other To City State and Zip code Redlands, CA 92373 Number of sellers including you Part I Taxpayer Identification Number (TIN) Enter your taxpayer identification number (TIN") in the appropriate box. The TIN provided must match the name given on Line 1 to avoid the imposition under the Internal Revenue Code of civil or criminal penalties for failing to furnish a correct TIN and to insure the TIN passes the IRS's NamerTlN matching software's TIN matching process which we utilize For individuals this is your social security number (SSN) However for a resident alien sole proprietor or disregarded entity see "Specific Instructions below For other entities it is your employer identification number (EIN) Note If multiple sellers are involved see "General Instructions below Part II Certification of U.S Person **IMPORTANT** SIGN HERE IF YOU ARE A U S PERSON ocial security or Employer identification number 95 600766 Under penalties of perjury I certify that 1 The number shown on this form is my correct taxpayer identification number (or I a waiting for a number to be issued to me) and 2 I am a U S citizen or other (definbelow) Sign Here U S person Part III Certification of Foreign Person Date O. 4U ( I202 0 **IMPORTANT** SIGN HERE IF YOU ARE FOREIGN SIGN ABOVE IF YOU ARE SPERSON Under penalties of perjury I certify that. 1 The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me) and 2 I am a Foreign Person (defined below) Sign Here Foreign person ► Date ► GENERAL INSTRUCTIONS Section references are to the Internal Revenue Code unless otherwise noted Purpose of Form A person who is required to file an information return on real estate with the IRS must obtain your correct taxpayer identification number (TIN) which may be your social security number (SSN) individual taxpayer number (ITIN} adoptive taxpayer identification number(AT1N) or employer identification number (EN) Definition ofa U.S Persorr. For federal tax purposes you are considered a U S. person if you are An individual who is a U S citizen or U.S resident alien • A partnership corporation company or association created or organized in the United States or under the laws of the United States • An estate (other than a foreign estate) or A domestic trust (as defined in Regulations section 301 7701 7) Definition ofa Foreign Person. A foreign person includes a nonresident alien individual, foreign corporation foreign partnership foreign trust, foreign estate, and any other person that is not a U.S person It also includes a foreign branch of a U S financial institution if the foreign branch is a qualified intermediary In most cases the U 5 branch of a foreign corporation or partnership is treated as a foreign person Requirement to Furnish TIN 8 Penalties for Failure You are required by law to provide us with your correct taxpayer identification number ("TIN") If you do not provide us with your correct taxpayer identification number ("TIN ) you may be subject to civil or criminal penalties imposed by law If we disclose or use your TIN in violation of federal law, we may be subject to civil or criminal penalties imposed by law Multiple Sellers Each seller must complete a separate form Spouses who hold title as tenants in common joint tenants tenants by the entirety, or community property will be treated as a single seller unless we are instructed otherwise SPECIFIC INSTRUCTIONS Please review chart "What Name and Number to Give" on page 2 Individuals You must generally enter the name shown on your income tax return However if you have changed your last name, for instance, due to marriage without informing the Social Security Administration of the name change enter your first name the last name shown on your social secunty card and your new last name If more than one name is listed list first and then circle, the name of the person or entity whose number you entered in Part I of the form Note ITIN Applicant Enter your individual name as it was entered on your form W-7 application line la This should also be the same as the name you entered on the Form 104011040N1040EZ you filed with your application Limited liability company (LLC). Check the Limited liability company' box only and enter the appropriate code for the tax classification ("D" for disregarded entity "0' for corporation P" for partnership) in the space provided and follow the instructions on the next page (SpecW,c Instructions Continued on Next Page) For Escrow Use Only — Additional File Information [ ] Change j ) Void Delete For Escrow Use Only — Required for 1099-S Data Entry Only (No entry in FAST [ ] Add [ ] Change No of 1099-S Forms required for this file? I1 Is NamelEntily Party a'Non-Record' Seller Type is: [ ] HAV or Individual [ I ] Trust/Business Is Property pari of an Exchange? I YES [ 1NC 1 r)pletri Contract Sales Price Buyer's Part of Real estate Tax Actual Settlement Date Region National Commercial Services Division FAST Office 30 (1602) (MV) First American Title Insurance Company h4A7:LJ JA'l- COMMERCIAL. SERVFCES TO FIRST AMERICAN TITLE COMPANY ESCROW NO NCS-1005171-ONT1 3281 E Guasti Road Suite 440 Ontario, CA 91761 In order that rents for the property I am conveying may be correctly prorated through escrow, I hereby state that rentals as to amounts and dates to which they are paid, are as follows Unit Tenant Rate per month Date paid Security deposit Option to Right of to Purchase 1st Y or N Refusal YorN Unless prior to date of recording I have notified you in writing of some change in tenancy, you are to assume I will collect all rents which fall due according to the foregoing statement prior to close of escrow, and you will prorate the rents accordingly You will also pay the grantee the above security deposit (if any), charging my account DATED 4 4/20 SELL PAUL u W FoSTeltr iM�4YD� SELLER The above rent statement is hereby approved as a basis for rent prorations through this escrow DATED BUYER BUYER Page 1 of 1 my /03/30/2020