HomeMy WebLinkAboutContracts & Agreements_56-20259090 Milliken Ave, Suite 100
Rancho Cucamonga, CA 91730
Phone: 909-941-64941 Fax: 909-466-5076
ESCROW HOLDER ACCEPTANCE LETTER -A
Escrow No.: FBSC2402604-PF
Property: Vacant Land, Redlands, CA 92373
This letter is to confirm that an escrow has been opened with Chicago Title Company under the above referenced
order number, for the sale of property known as:
Vacant Land, Redlands, CA 92373
ACKNOWLEDGMENT:
All parties (Sellers and Buyers) have acknowledged receipt of Escrow Holder's executed Acceptance and that
all agreements, counter offers and any addendums have been deposited with Escrow Holder and that there
are no other outstanding agreements, counter offers and/or addendums which effect the closing of this
transaction . Chicago Title Company is relieved of any and all responsibility/liability and will be held harmless
as it relates to said documents not deposited to escrow.
DATE OF ACCEPTANCE:
Parties agree that the acceptance date is deemed to be November 19, 2024.
CLOSE OF ESCROW:
The close of escrow is deemed to be April 18, 2025.
CONFIRMATION OF PURCHASE PRICE:
The Purchase Price is Fifty -Five Thousand And No/100 Dollars ($55,000.00).
ESCROW HOLDER'S GENERAL PROVISIONS:
Enclosed is a copy of Escrow Holder's General Provisions. The terms and conditions of these provisions are
deemed to be part of the Agreement.
APPROVAL OF LEGAL DESCRIPTION FOR SUBJECT PROPERTY:
Seller(s) signature(s) on the conveying Grant Deed, and Buyer(s) approval of the Preliminary Report, shall be
deemed as each party's approval of the legal description contained therein as the exact description for the
subject property of this escrow and Escrow Holder may rely upon such approval in processing this transaction.
BUYER'S CHARGES: Escrow Holder is instructed to debit the Buyer's account and pay Buyer's usual costs and
charges, including, but not limited to: Buyer's portion of the escrow fee, document preparation and recording fees.
SELLER'S CHARGES: Escrow Holder is instructed to debit the Seller's account and pay the Seller's usual costs
and charges, including, but not limited to: Seller's portion of the escrow fee, Owner's Policy of Title Insurance
premium, document preparation, documentary transfer tax and recording fee for reconveyance (if any).
PROPERTY EXCHANGE: Buyer and Seller are in agreement that this transaction is part of a property exchange
between both parties as per the Real Property Exchange Agreement and Joint Escrow Instructions between
Property One, LLC and City of Redlands, effective November 19, 2024.
NO TAX PRORATIONS: There shall be no tax prorations done through this transaction as Seller is exempt.
Escrow Acceptance Letter- SoCal
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ESCROW HOLDER ACCEPTANCE LETTER
(continued)
STATEMENTS AND/OR CLARIFICATIONS:
THIS ACCEPTANCE LETTER IS NOT MEANT TO MODIFY THE ORIGINAL AGREEMENT BETWEEN THE
PARTIES, BUT IS TO CLARIFY THE DUTIES AND RESPONSIBILITIES AS TO THE ESCROW HOLDER IN
THIS TRANSACTION. IN THE EVENT ANY OF THE FOREGOING STATEMENTS/INFORMATION DO NOT
REPRESENT WHAT YOU HAVE AGREED TO, PLEASE CONTACT YOUR REAL ESTATE AGENT AND
ESCROW HOLDER IMMEDIATELY.
Thank you for choosing Chicago Title Company. If you find that we may answer any questions or be of assistance
to you in any way, please do not hesitate to contact the undersigned.
Sincerely,
o-6
Pamela Fry
Escrow Officer
Pam.Fry@ctt.com
Escrow Acceptance Letter - SoCal
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CHICA G O TITLE
GENERAL INSTRUCTIONS
1. Notary Guidelines: The undersigned parties are herein made aware that Chicago Title Company requires ALL
notarized documents, including but not limited to: borrower's/buyer loan documents, seller Grant Deed, and
Conveyance Deed, etc., be notarized in the presence of an employee of Chicago Title Company and/or its
affiliated underwriters, by a Bancsery Notary (outside signing company), under the supervision of an attorney
actively licensed in the state where the signing occurs or signed with a Corporate approved notary. Please
NOTE there are NO EXCEPTIONS to these guidelines. Documents notarized outside of escrow without
following this procedure will cause a delay in the closing of this transaction. The Buyer can, however, sign with
an employee of the direct funding lender provided the Notary is an employee of the direct funding lender and
proof of same is given to the Escrow Holder. It is strongly recommended and in the best interest of all parties
that arrangements for the notary services you wish to use (FOLLOWING THE SPECIFIC GUIDELINES AS
STATED ABOVE) for the signing of all notarized documents, are made with your escrow officer early in the
transaction to avoid delays in closing. If any party would like to sign at a Chicago Title Company or a sister
company near them, contact our office so we can make arrangements with them in advance.
2. Only wire transferred funds can be given immediate availability upon deposit. Cashier's checks, Teller's
checks and Certified checks may be available one (1) business day after deposit. All other funds, including
but not limited to Official Checks are subject to mandatory holding periods which may cause material delays in
disbursement of funds in this escrow. In order to avoid delays, ALL funds should be wire transferred.
Per Paragraph 1 contained in the General Provisions, more fully described therein, which are attached hereto
and made a part hereof.
3. Buyer and Seller warrant to Chicago Title Company all items to be prorated through closing have been
disclosed and properly prorated on the most recently available figures. There shall be no pro -ration of any
items through this escrow after closing. Seller is unaware of any supplemental assessments and Seller has
not received any refunds as a result of a supplemental assessment. Any subsequent supplemental
assessments will be handled direct and outside of escrow between the Buyer and Seller.
4. The undersigned parties hereby authorize and instruct Escrow Holder to correct the Buyer's vesting, above the
signature of the Grantor(s) on the Grant Deed without any further authorization required from the parties.
5. Seller is aware that interest on the existing loan(s) does not stop accruing at close of escrow, but continues
until the actual day of receipt of the payoff by Lender.
Seller is aware that interest will accrue through weekends or holidays.
Seller is aware he/she/they are responsible for payment of all of such interest and will indemnify and hold
Escrow Holder harmless in connection with the payment of such interest.
6. In accordance with Section 18662 of the Revenue and Taxation Code, a Buyer may be required to withhold an
amount equal to 3 1/3 percent of the sales price or an alternative withholding amount certified by the Seller in
the case of a disposition of California real property interest by either:
a. A Seller who is an individual, trust, estate, or when the disbursement instructions authorize the proceeds
to be sent to a financial intermediary of the Seller, OR
b. A Corporate Seller that has no permanent place of business in California immediately after the transfer of
title to the California property.
The Buyer may become subject to penalty for failure to withhold an amount equal to the greater of
Ten Percent (10%) of the amount required to be withheld or Five Hundred And No/100 Dollars ($500.00).
General Instructions and GP
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GENERAL INSTRUCTIONS
(continued)
However, notwithstanding any other provision included in the California statutes referenced above, no Buyer
will be required to withhold any amount or be subject to penalty for failure to withhold if any of the following
apply:
a. The sales price of the California real property conveyed does not exceed One Hundred Thousand And
No/100 Dollars ($100,000.00).
b. The Seller executes a written certificate, under the penalty of perjury, certifying that the Seller is a
corporation with a permanent place of business in California.
c. The Seller, who is an individual, trust, estate, or a corporation without a permanent place of business in
California, executes a written certificate, under the penalty of perjury, of any of the following:
i. The California real property being conveyed is the Seller's or Decedent's principal residence (within
the meaning of Section 121 of the Internal Revenue Code).
ii. The last use of the property being conveyed was use by the Transferor as the Transferor's principal
residence (within the meaning of Section 121 of the Internal Revenue Code).
iii. The California real property being conveyed is or will be exchanged for property of like kind (within the
meaning of Section 1031 of the Internal Revenue Code), but only to the extent of the amount of gain
not required to be recognized for California income tax purposes under Section 1031 of the Internal
Revenue Code.
iv. The California real property has been compulsorily or involuntarily converted (within the meaning of
Section 1033 of the Internal Revenue Code) and that the Seller intends to acquire property similar or
related in service or use so as to be eligible for nonrecognition of gain for California income tax
purposes under Section 1033 of the Internal Revenue Code.
v. The California real property transaction will result in a loss or net gain not required to be recognized
for California income tax purposes.
The Seller is subject to penalty for knowingly filing a fraudulent certificate for the purpose of avoiding the
withholding requirement.
THE PARTIES TO THIS TRANSACTION SHOULD SEEK THE PROFESSIONAL ADVICE AND COUNSEL
OF AN ATTORNEY, ACCOUNTANT OR OTHER TAX SPECIALIST'S OPINION CONCERNING THE
EFFECT OF THIS LAW ON THIS TRANSACTION AND SHOULD NOT ACT ON ANY STATEMENTS MADE
OR OMITTED BY THE ESCROW OR CLOSING OFFICER.
7. The undersigned Buyer hands you herewith Preliminary Change of Ownership Report as provided for in
Section 480.34 of the Revenue and Taxation Code, State of California which you are to cause to be filed
concurrently with the Deed in our favor. If form is rejected by the County, a surcharge may be imposed by
said County and is to be paid by Buyer herein.
8. Checks to be issued at Close of Escrow: INVe the undersigned Buyer/Borrower/Seller hereby acknowledge
that we are aware the Chicago Title Company will issue a check payable to the undersigned in payment of
Seller's proceeds/Borrower's proceeds or Buyer's excess deposit refund. I/We further acknowledge and
agree that said check will be presented to the bank for deposit as soon as possible after receipt, and collection
and payment of the funds will only be done through the regular banking channels.
In addition, in the event there are liens to be paid on the undersigned's behalf, we hereby also acknowledge
that Uwe will not use the pay -by -phone electronic system to pay/collect the funds as Chicago Title Company
will not honor such payments. The parties herein agree to be responsible for any stop payment and reissue
charges and/or losses that may be incurred in connection with any and all electronic debits to Chicago Title
Company's Trust Accounts.
9. Facsimile/Electronic Signature: Escrow Holder is hereby authorized and instructed that, in the event any party
utilizes electronic or "facsimile" transmitted signed documents or instructions to Escrow Holder, you are to rely
on the same for all escrow instruction purposes and the closing of escrow as if they bore original signatures.
General Instructions and GP
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GENERAL INSTRUCTIONS
(continued)
10. The undersigned hereby authorize and instruct Escrow Holder to charge each party to the escrow for their
respective overnight and/or special mail handling/courier fees. Unless specified in writing by the undersigned,
Escrow Holder is authorized to select special mail/delivery or courier service to be used.
All other terms and conditions remain the same.
General Instructions and GP
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GENERAL PROVISIONS
1. DEPOSIT OF FUNDS
The law dealing with the disbursement of funds requires that all funds be available for withdrawal as a matter of right by the title entity's
escrow and/or sub escrow account prior to disbursement of any funds. Only cash or wire -transferred funds can be given Immediate availability
upon deposit. Cashier's checks, teller's checks and Certified checks may be available one business day after deposit. All other funds such as
personal, corporate or partnership checks and drafts are subject to mandatory holding periods which may cause material delays in
disbursement of funds in this escrow. In order to avoid delays, all fundings should be wire transferred. Outgoing wire transfers will not be
authorized until confirmation of the respective incoming wire transfer or of availability of deposited checks.
Deposit of funds into general escrow trust account unless instructed otherwise. You may Instruct Escrow Holder to deposit your funds into an
interest bearing account by signing and returning the "Escrow Instructions - Interest Bearing Account". If you do not so instruct us, then all
funds received in this escrow shall be deposited with other escrow funds in one or more general escrow trust accounts, which include both
non -interest bearing demand accounts and other depository accounts of Escrow Holder, in any state or national bank or savings and loan
association insured by the Federal Deposit Insurance Corporation (the "depository institutions") and may be transferred to any other such
escrow trust accounts of Escrow Holder or one of its affiliates, either within or outside the Slate of California. A general escrow trust account
is restricted and protected against claims by third parties and creditors of Escrow Holder and its affiliates,
Receipt of benefits by Escrow Holder and affiliates. The parties to this escrow acknowledge that the maintenance of such general escrow
trust accounts with some depository institutions may result in Escrow Holder or its affiliates being provided with an array of bank services,
accommodations or other benefits by the depository institution. Some or all of these benefits may be considered interest due you under
California Insurance Code Section 12413.5. Escrow Holder or its affiliates also may elect to enter into other business transactions with or
obtain loans for investment or other purposes from the depository institution. All such services, accommodations, and other benefits shall
accrue to Escrow Holder or its affiliates and Escrow Holder shall have no obligation to account to the parties to this escrow for the value of
such services, accommodations, interest or other benefits.
Said funds will not earn interest unless the instructions otherwise specifically state that funds shall be deposited in an interest -bearing
account. All disbursements shall be made by check of Chicago Title Company. The principals to this escrow are hereby notified that the funds
deposited herein are insured only to the limit provided by the Federal Deposit Insurance Corporation. Any instruction for bank wire will provide
reasonable time or notice for Escrow Holder's compliance with such instruction. Escrow Holder's sole duty and responsibility shall be to place
said wire transfer instructions with its wiring bank -upon confirmation of (1) satisfaction of conditions precedent or (2) document recordation at
close of escrow. Escrow Holder will NOT be held responsible for lost interest due to wire delays caused by any bank or the Federal Reserve
System, and recommends that all parties make themselves aware of banking regulations with regard to placement of wires.
In the event there is insufficient time to place a wire upon any such confirmation or the wires have closed for the day, the parties agree to
provide written instructions for an alternative method of disbursement. WITHOUT AN ALTERNATIVE DISBURSEMENT INSTRUCTION,
FUNDS WILL BE HELD IN TRUST IN A NON -INTEREST BEARING ACCOUNT UNTIL THE NEXT OPPORTUNITY FOR WIRE
PLACEMENT.
2. PRORATION$ AND ADJUSTMENTS
All proration and/or adjustments called for in this escrow are to be made on the basis of a thirty (30) day month unless otherwise instructed
in writing, You are to use information contained on last available tax statement, rental statement as provided by the Seller, beneficiary's
statement and fire insurance policy delivered into escrow for the proration provided for herein.
3. SUPPLEMENTAL TAXES
The within described property may be subject to supplemental real property taxes due to the change of ownership taking place through this
escrow. Any supplemental real property taxes arising as a result of the transfer of the property to Buyer shall be the sole responsibility of
Buyer and any supplemental real property taxes arising prior to the closing date shall be the sole responsibility of the Seller. TAX BILLS
ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER.
4. UTILITIEWPOSSESSION
Transfer of utilities and possession of the premises are to be settled by the parties directly and outside escrow.
S. PREPARATION AND RECORDATION OF INSTRUMENTS
Escrow Holder is authorized to prepare, obtain, record and deliver the necessary instruments to carry out the terms and conditions of this
escrow and to order the policy of title insurance to be issued at close of escrow as called for in these instructions. Close of escrow shall mean
the date instruments are recorded.
6. AUTHORIZATION TO FURNISH COPIES
You are authorized to furnish copies of these instructions, supplements, amendments, notices of cancellation and closing statements, to the
Real Estate Broker(s) and Lender(s) named in this escrow.
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GENERAL PROVISIONS
(continued)
7. RIGHT OF CANCELLATION
Any principal instructing you to cancel this escrow shall file notice of cancellation In your office in writing. You shall, within two (2) working
days thereafter, deliver, one (1) copy of such notice to each of the other principals at the addresses stated in this escrow. UNLESS WRITTEN
OBJECTION TO CANCELLATION IS FILED IN YOUR OFFICE BY A PRINCIPAL WITHIN TEN (10) DAYS AFTER DATE OF SUCH
DELIVERY, YOU ARE AUTHORIZED TO COMPLY WITH SUCH NOTICE AND DEMAND PAYMENT OF YOUR CANCELLATION
CHARGES. If written objection is filed, you are authorized to hold all money and instruments in this escrow and take no further action until
otherwise directed, either by the principals' mutual written instructions, or by final order of a court of competent jurisdiction.
B, PERSONAL PROPERTY
No examination or insurance as to the amount or payment of personal property taxes Is required unless specifically requested.
By signing these General Provisions, the parties to the escrow hereby acknowledge that they are indemnifying the Escrow Holder against any
and all matters relating to any "Bulk Sales" requirements, and instruct Escrow Agent to proceed with the closing of escrow without any
consideration of matter of any nature whatsoever regarding "Bulk Sales" being handled through escrow.
9. RIGHT OF RESIGNATION
Escrow Holder has the right to resign upon written notice delivered to the principals herein. If such right is exercised, all funds and documents
shall be returned to the party who deposited them and Escrow Holder shall have no liability hereunder.
10. AUTHORIZATION TO EXECUTE ASSIGNMENT OF HAZARD INSURANCE POLICIES
Either Buyer, Seller and/or Lender may hand you the insurance agent's name and insurance policy information, and you are to execute, on
behalf of the principals hereto, form assignments of interest in any insurance policy (other than title insurance) called for in this escrow,
forward assignment and policy to the insurance agent, requesting that the insurer consent to such transfer and/or attach a loss payable
clause and/or such other endorsements as may be required, and forward such policy(s) to the principals entitled thereto. It Is not your
responsibility to verify the information handed you or the assignability of said insurance. Your sole duty is to forward said request to insurance
agent at close of escrow.
Further, there shall be no responsibility upon the part of Escrow Holder to renew hazard insurance policy(s) upon expiration or otherwise keep
it in force either during or subsequent to the close of escrow. Cancellation of any existing hazard Insurance policies is to be handled directly
by the principals, and outside of escrow.
11. ACTION IN INTERPLEADER
The principals hereto expressly agree that you, as Escrow Holder, have the absolute right at your election to file an action in interpieader
requiring the principals to answer and litigate their several claims and rights among themselves and you are authorized to deposit with the
clerk of the court all documents and funds held in this escrow. In the event such action is filed, the principals jointly and severally agree to pay
your cancellation charges and costs, expenses and reasonable attorney's fees which you are required to expend or incur in such interpleader
action, the amount thereof to be fixed and judgment therefore to be rendered by the court. Upon the filing of such action, you shall thereupon
be fully released and discharged from all obligations imposed by the terms of this escrow or otherwise.
12. TERMINATION OF AGENCY OBLIGATION
If there is no action taken on this escrow within six (6) months after the "time limit date" as set forth in the escrow instructions or written
extension thereof, your agency obligation shall terminate at your option and all documents, monies or other items held by you shall be
returned to the parties depositing same. In the event of cancellation of this escrow, whether it be at the request of any of the principals or
otherwise, the fees and charges due Chicago Title Company, including expenditures incurred and/or authorized shall be borne equally by the
parties hereto (unless otherwise agreed to specifically).
13. DELIVERY/RECEIPT
Delivery to principals as used in these instructions unless otherwise stated herein is to be by hand in person to the principal, regular mail,
email or fax to any of the contact information provided in these instructions. If delivered by regular mail receipt is determined to be
seventy-two (72) hours after such mailing. All documents, balances and statements due to the undersigned may be delivered to the contact
information shown herein. All notices, change of instructions, communications and documents are to be delivered in writing to the office of
Chicago Title Company as set forth herein,
14. STATEIFEDERAL CODE NOTIFICATIONS
According to Federal Law, the Seller, when applicable, will be required to complete a sales activity report that will be utilized to generate a
1099 statement to the Internal Revenue Service.
Pursuant to State Law, prior to the close of escrow, Buyer will provide Escrow Holder with a Preliminary Change of Ownership Report. In the
event said report Is not handed to Escrow Holder for submission to the County in which subject property is located, upon recording of the
Grant Deed, Buyers acknowledge that the applicable fee will be assessed by said County and Escrow Holder shall debit the account of Buyer
for same at close of escrow.
General Instructions and GP
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GENERAL PROVISIONS
(continued)
15. NON-RESIDENTALIEN
The Foreign Investment in Real Property Tax Act (FIRPTA), Title 26 U.S.C., Section 1445, and the regulations there under, provide In part,
that a transferee (buyer) of a U.S, real property interest from a foreign person must withhold a statutory percentage of the amount realized on
the disposition, report the transaction and remit the withholding to the Internal Revenue Service (IRS) within twenty (20) days after the
transfer. Chicago Title Company will not determine nor aid in the determination of whether the FIRPTA withholding provisions are applicable
to the subject transaction, nor act as a Qualified Substitute under state or federal law, nor furnish tax advice to any party to the transaction.
Chicago Title Company will not determine nor aid in the determination of whether the transaction will qualify for an exception or an exemption
and is not responsible for the filing of any tax forms with the IRS as they relate to FIRPTA, nor responsible for collecting and holding of any
documentation from the buyer or seller on the buyer's behalf for the purpose of supporting a claim of an exception or exemption. Chicago
Title Company is not an agent for the buyer for the purposes of receiving and analyzing any evidence or documentation that the seller in the
subject transaction is a U.S. citizen or resident alien. Chicago Title Company is not responsible for the payment of this tax andlor penalty
and/or interest incurred in connection therewith and such taxes are not a matter covered by the Owner's Policy of Title Insurance to be issued
to the buyer. Chicago Title Company is not responsible for the completion of any IRS documents or related forms related to the referenced
statute. The buyer is advised: they must independently make a determination of whether the contemplated transaction is subject to the
Withholding requirement; bear full responsibility for compliance with the withholding requirement if applicable and/or for payment of any tax,
interest, penalties and/or other expenses that may be due on the subject transaction; and they are responsible for the completion of any and
all forms, including but not limited to applicable IRS documentation, and the malling of those forms. The Buyer Is advised any forms,
documents, or information received from Chicago Title Company is not tax or legal advice and should not be construed as such nor treated
as a complete representation of FIRPTA requirements. Buyer should seek outside counsel from a qualified individual to determine any and
all implications of the referenced statute.
16. ENCUMBRANCES
Escrow Holder is to act upon any statements furnished by a lienholder or his agent without liability or responsibility for the accuracy of such
statements. Any adjustments necessary because of a discrepancy between the information furnished Escrow Holder and any amount later
determined to be correct shall be settled between the parties direct and outside of escrow.
You are authorized, Wthout the need for further approval, to debit my account for any fees and charges that I have agreed to pay in
connection with this escrow, and for any amounts that I am obligated to pay to the holder of any lien or encumbrance to establish the title as
insured by the policy of title insurance called for in these instructions. If for any reason my account is not debited for such amounts at the time
of closing, I agree to pay them Immediately upon demand, or to reimburse any other person or entity who has paid them.
17. ENVIRONMENTAL ISSUES
Chicago Title Company has made no investigation concerning said property as to environmentalltoxic waste issues. Any due diligence
required or needed to determine environmental impact as to forms of loxification, if applicable, will be done directly and by principals outside
of escrow. Chicago Title Company is released of any responsibility and/or liability in connection therewith.
18. USURY
Escrow Holder Is not to be concerned with any questions of usury in any loan or encumbrance involved in the processing of this escrow and is
hereby released of any responsibility or liability therefore.
19. DISCLOSURE
Escrow Holder's knowledge of matters affecting the property, provided such facts do not prevent compliance with these instructions, does not
create any liability or duty in addition to these instructions.
20. FACSIMILEIELECTRONIC SIGNATURE
Escrow Holder is hereby authorized and instructed that, in the event any party utilizes electronic or "facsimile" transmitted signed documents
or instructions to Escrow Holder, you are to rely on the same for all escrow instruction purposes and the closing of escrow as if they bore
original signatures. "Electronic Signature" means, as applicable, an electronic copy or signature complying with California Law.
21. CLARIFICATION OF DUTIES
Chicago Title Company serves ONLY as an Escrow Holder in connection with these instructions and cannot give legal advice to any party
hereto.
Escrow Holder is not to be held accountable or liable for the sufficiency or correctness as to form, manner of execution, or validity of any
instrument deposited in this escrow, nor as to the identity, authority or rights of any person executing the same. Escrow Holder's duties
hereunder shall be limited to the proper handling of such money and the proper safekeeping of such instruments, or other documents
received by Escrow Holder, and for the disposition of same in accordance with the written instructions accepted by Escrow Holder.
The agency and duties of Escrow Holder commence only upon receipt of copies of these Escrow Instructions executed by all parties.
General Instructions and GP
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GENERAL PROVISIONS
(continued)
22. FUNDS HELD IN ESCROW
When the company has funds remaining In escrow over ninety (90) days after close of escrow or estimated close of escrow, the Company
shall impose a monthly holding fee of Twenty -Five and No/100 Dollars ($25.00) that is to be charged against the funds held by the Company.
23. LIMITED ENGLISH PROFICIENCY
Borrowers who are limited in English proficiency in need of an interpreter or assistance translating the loan documents from English to
another language should contact their lender or the Settlement Agent at 909-941-6494 as soon as possible in order for arrangements to be
made.
THIS AGREEMENT IN ALL PARTS APPLIES TO, INURES TO THE BENEFIT OF, AND BINDS ALL PARTIES
HERETO, THEIR HEIRS, LEGATEES, DEVISEES, ADMINISTRATORS, EXECUTORS, SUCCESSORS AND
ASSIGNS, AND WHENEVER THE CONTEXT SO REQUIRES THE MASCULINE GENDER INCLUDES THE
FEMININE AND NEUTER, AND THE SINGULAR NUMBER INCLUDES THE PLURAL. THESE INSTRUCTIONS
AND ANY OTHER AMENDMENTS MAY BE EXECUTED IN ANY NUMBER OF COUNTERPARTS, EACH OF
WHICH SHALL BE CONSIDERED AS AN ORIGINAL AND BE EFFECTIVE AS SUCH,
MY SIGNATURE HERETO CONSTITUTES INSTRUCTION TO ESCROW HOLDER OF ALL TERMS AND
CONDITIONS CONTAINED IN THIS AND ALL PRECEDING PAGES AND FURTHER SIGNIFIES THAT I HAVE
READ AND UNDERSTAND THESE GENERAL PROVISIONS.
Chicago Title Company conducts escrow business under License No.2993-4 issued by the California
Department of Insurance.
END OF INSTRUCTIONS
IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below.
BUYER(S):
Property One, LLC, a California limited liability
company
BY Its Manager: Judson & Brown LLC, a Nevada Date
limited liability company
Lance Lenhert, Managing Member
Forwarding Address:
Phone: Fax:
Email:
General Instructions and GP
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GENERAL PROVISIONS
(continued)
SELLER(S):
The City of Redlands, California municipal
co� rporate
rl�/jI/�r { 9 - z5
BY. Date
Mario Saucedo, NXayor
Date
Forwarding Address:
35 Cajon Street, Suite 41 P.O. Box 3005
Redlands, CA 92373
Phone: 909-798-7512 Fax:
Email: jdonaidson@cityofredlands.org
General Instructions and GP
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FIDELITY NATIONAL FINANCIAL
CALIFORNIA PRIVACY NOTICE
Fidelity National Financial, Inc. and its majority -owned subsidiary companies (collectively, "FNF," "our," or "we")
respect and are committed to protecting your privacy. This California Privacy Notice explains how we collect, use,
and disclose Personal Information, when and to whom we disclose such information, and the rights you, as a
California resident ("Consumer"), have regarding your Personal Information ("California Privacy Rights").
"Personal Information" means information that identifies, relates to, describes, and is reasonably capable of being
associated with, or could reasonably be linked, directly or indirectly, with a particular consumer or household.
If FNF has collected, used, or disclosed your Personal Information in relation to a job application or employment,
independent contractor, officer, owner, or director relationship with FNF, FNF's practices are discussed in our
Notice at Collection for Prospective Employees, available at Prospective California Employees.
Some subsidiaries maintain separate California Privacy Notices or privacy statements. If a subsidiary has a
separate California Privacy Notice, it will be available on the subsidiary's website, and this California Privacy Notice
does not apply.
Collection of categories of Personal Information:
In the preceding twelve (12) months FNF has collected, and will continue to collect, the following categories of
Personal Information from you:
• Identifiers such as name, address, telephone number, IP address, email address, account name, social
security number, driver's license number, state identification card, passport number, financial information,
date of birth, or other similar identifiers;
• Characteristics of protected classifications under California or Federal law;
• Commercial information, including records of personal property, products or services purchased, or other
purchasing or consuming histories;
• Internet or other electronic network activity information including, but not limited to browsing history on
FNF websites and information regarding a Consumer's interaction with an FNF website;
• Geolocation data;
• Unique biometric data used to authenticate a specific individual such as a fingerprint, retina, or iris image;
• Professional or employment information;
• Education Information.
This Personal Information is collected from the following sources:
• Information we receive from you on applications or other forms;
• Information about your transactions with FNF, our affiliates, or others;
• Information we receive from consumer reporting agencies and/or governmental entities, either directly
from these entities, or from internet service providers, data analytics providers, and social networks;
• Information from the use of our websites and mobile applications;
• Information we receive directly from you related to doing business with us.
This Personal Information is collected for the following business ur oses:
• To provide products and services to you or in connection with a transaction involving you;
• To perform a contract between FNF and the Consumer;
• To improve our products and services;
• To comply with legal obligations;
• To detect and protect against fraudulent or illegal activity;
Privacy Statement
SCA0002954.doc Page 11 CA—FBSC-02180.050100-F6SC2402604
• To communicate with you about FNF or our affiliates;
• To maintain an account with FNF or our affiliates;
• To maintain the security of our systems, tools, accounts, and applications;
• To verify and authenticate identities and credentials;
• To provide, support, personalize, and develop our websites, products, and services;
• To directly market our products to consumers;
• As described to you when collecting your Personal Information or as otherwise set forth in the California
Consumer Privacy Act.
Disclosures of Personal Information for a business purpose:
In the preceding twelve (12) months FNF has disclosed, and will continue to disclose, the categories of Personal
Information listed above for a business purpose. We may disclose Personal Information for a business purpose to
the following categories of third parties:
• FNF affiliates and subsidiaries;
• Non-affiliated third parties, with your prior consent;
• Businesses in connection with the sale or other disposition of all or part of the FNF business and/or
assets;
• Service Providers and non-affiliated third parties such as data analytics providers;
• Law enforcement or authorities in connection with an investigation, or in response to a subpoena or court
order.
Sale of Personal Information:
In the preceding twelve (12) months, FNF has not sold or shared Personal Information. FNF does not sell or
share Personal Information.
Retention Periods:
Due to the breadth and variety of data collected by FNF, it is not possible for us to provide you with a
comprehensive list of timeframes during which we retain each category of Personal Information. FNF retains
categories of information as reasonably necessary to satisfy the purpose for which we collect the information. This
time period varies depending on the purpose for which we collected the information, the nature and frequency of
our interactions and relationship with you, whether we have a legal basis to continue retaining the information,
industry practices, the value and sensitivity of the information, and state and federal recordkeeping requirements.
Personal Information of minors:
FNF does not knowingly collect the Personal Information of minors. FNF does not sell or share the information of
consumers under sixteen (16) years of age.
Sensitive Personal Information:
FNF does not use or disclose sensitive Personal Information for any purposes other than those specified in the
California Consumer Privacy Act.
Right to know:
Consumers have a right to know about Personal Information collected, used, disclosed, shared, or sold, including
the categories of such Personal Information, as well as the purpose for such collection, use, disclosure, sharing, or
selling, categories of third parties to whom Personal Information is disclosed, shared or sold, and the specific
pieces of Personal Information collected about the consumer. Consumers have the right to request FNF disclose
what Personal Information it collected, used, and disclosed in the past twelve (12) months.
Privacy Statement
SCA0002954.doc Page 12 CA--FBSC-02180.050100-FBSG2402604
Right to request deletion:
Consumers have a right to request the deletion of their Personal Information, subject to certain exceptions.
Right to_ Correct:
Consumers have the right to correct inaccurate Personal Information.
Right to non-discrimination:
Consumers have a right not to be discriminated against because of exercising their consumer privacy rights. We
will not discriminate against Consumers for exercising any of their California Privacy Rights.
Privacy Requests:
To exercise any of your California Privacy Rights, or if acting as an authorized agent on behalf of another
individual, please visit California Privacy Request (FNF.com/California-privacy), call us Toll Free at
888-413-1748, or write to the address at the end of this notice.
Upon making a California Privacy Request, FNF will verify the consumer's identity by requiring an account, loan,
escrow number, or other identifying information from the consumer.
The above -rights are subject to any applicable rights and obligations including both Federal and California
exemptions rendering FNF, or Personal Information collected by FNF, exempt from certain CCPA requirements.
A Consumer may use an Authorized Agent to submit any CCPA request. Authorized agents' requests will be
processed like any other CCPA request, but FNF will also require the Consumer provide the agent written
permission to make the request and verify his or her identity with FNF.
FNF website services for mortgage loans:
Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect
customer information on behalf of mortgage loan servicers (the "Service Websites"). The Service Websites may
contain links to both this Privacy Notice and the mortgage loan servicer or lender's privacy notice. The sections of
this Privacy Notice describing the categories, sources, and uses of your Personal Information do not apply to the
Service Websites. The mortgage loan servicer or lender's privacy notice governs use, disclosure, and access to
your Information. FNF does not share Information collected through the Service Websites, except (1) as required
or authorized by contract with the mortgage loan servicer or lender, or (2) as required by law or in the good -faith
belief that such disclosure is necessary to comply with a legal process or applicable law, to enforce this Privacy
Notice, or to protect the rights, property, or safety of FNF or the public.
California Privacy Notice - Effective bate:
This California Privacy Notice was last updated on January 1, 2025.
Contact for more information:
For questions or concerns about FNF's California Privacy Notice and privacy practices, or to exercise any of your
California Privacy Rights, please visit California PrivacV (FNF.com/California-privacy), call Toll Free
888-413-1748, or contact us by mail at the below address.
Fidelity National Financial, Inc.
601 Riverside Avenue
Jacksonville, Florida 32204
Attn: Chief Privacy Officer
Privacy Statement
SCA4002954.doc Page 13 CA--FBSC-02180.050100-FBSC2402604
Notice of Available Discounts
Pursuant to Section 2355.3 in Title 10 of the California Code of Regulations Fidelity National Financial, Inc. and its
subsidiaries ("FNF") must deliver a notice of each discount available under our current rate filing along with the
delivery of escrow instructions, a preliminary report or commitment. Please be aware that the provision of this
notice does not constitute a waiver of the consumer's right to be charged the filed rate. As such, your transaction
may not qualify for the below discounts.
You are encouraged to discuss the applicability of one or more of the below discounts with a Company
representative. These discounts are generally described below; consult the rate manual for a full description of
the terms, conditions and requirements for such discount. These discounts only apply to transactions involving
services rendered by the FNF Family of Companies. This notice only applies to transactions involving property
improved with a one -to -four family residential dwelling.
Not all discounts are offered by every FNF Company. The discount will only be applicable to the FNF Company as
indicated by the named discount.
FNF Underwritten Title Companies
CTC - Chicago Title Company
CLTC - Commonwealth Land Title Company
FNTC - Fidelity National Title Company
FNTCCA - Fidelity National Title Company of California
TICOR - Ticor Title Company of California
LTC - Lawyer's Title Company
SLTC - ServiceLink Title Company
Available Discounts
Underwritten by FNF Underwriters
CTIC - Chicago Title Insurance Company
CLTIC - Commonwealth Land Title Insurance Co.
FNTIC - Fidelity National Title Insurance Co.
NTINY - National Title Insurance of New York
CHURCHES OR CHARITABLE NON-PROFIT ORGANIZATIONS (CTIC, CLTIC, FNTIC, NTINY)
On properties used as a church or for charitable purposes within the scope of the normal activities of such entities,
provided said charge is normally the church's obligation the charge for an owner's policy shall be fifty percent
(50%) to seventy percent (70%) of the appropriate title insurance rate, depending on the type of coverage
selected. The charge for a lender's policy shall be forty percent (40%) to fifty percent (50%) of the appropriate title
insurance rate, depending on the type of coverage selected.
DISASTER AREA TRANSACTIONS (CTIC, CLTIC, FNTIC, NTINY)
This rate is available for individuals or entities that were victims of a national or state disaster. The rate can be
used for a Lender's Policy (Standard or Extended), or an Owner's Policy (Standard or Homeowners coverage).
To qualify for this rate, the applicant must, prior to the closing of the applicable transaction, make a written
request, including a statement meeting the following criteria:
A. The subject property is in a disaster area declared by the government of the United States or the State of
California.
B. The subject property was substantially or totally destroyed in the declared disaster.
C. The subject property ownership has not changed since the time of the disaster.
The rate will be fifty percent (50%) of the applicable rate, and the transaction must be completed within sixty (60)
months of the date of the declaration of the disaster.
CA Discount Notice
SCA0002954.doc/ Updated: 08.28.24 Page 14 CA--FBSC-02180.050100-FBSC2402604
DISASTER AREA ESCROWS (CTC, CLTC, FNTC, TICOR, LTC)
This rate is available for individuals or entities that were victims of a national or state disaster. The rate can be
used for a loan or a sale escrow transaction. To qualify for this rate, the applicant must, prior to the closing of the
applicable transaction, make a written request, including a statement meeting the following criteria:
A. The subject property is in a disaster area declared by the government of the United States or the State of
California.
B. The subject property was substantially or totally destroyed in the declared disaster.
C. The subject property ownership has not changed since the time of the disaster.
The rate will be fifty percent (50%) of the applicable rate, and the transaction must be completed within sixty (60)
months of the date of the declaration of the disaster. Standard minimum charge applies based upon property
type. No other discounts or special rates, or combination of discounts or special rates, shall be applicable.
Applies to a single transaction per property.
This rate is applicable to the following Zones/Counties:
Zone 1.A: Orange County
Zone 1.6: Riverside and San Bernardino Counties
Zone 2: Las Angeles County
Zone 3: Ventura County
Zone 10: San Diego County
Zone 12: Imperial County
If used for a sale transaction, the application of this rate assumes the charge for the Residential Sale Escrow
Services (RSES) fee will be split evenly between buyer and seller. As such and regardless of how the calculated
applicable RSES will be split between the disaster victim and the other principal, the rate will be applied only to
one half (1/2) of the calculated applicable RSES fee, regardless of whether the disaster victim is paying half (1/2)
of the RSES fee (as is customary) or paying the entire fee. The rate under this provision will be fifty percent (50%)
of disaster victims' one half (112) portion only and shall not apply to any portion paid by non -disaster victim.
Additional services will be charged at the normal rates.
MILITARY DISCOUNT RATE (CTIC, CLTIC, FNTIC)
Upon the Company being advised in writing and prior to the closing of the transaction that an active duty,
honorably separated, or retired member of the United States Military or Military Reserves or National Guard is
acquiring or selling an owner occupied one -to -four family property, the selling owner or acquiring buyer, as
applicable, will be entitled to a discount equal to fifteen percent (15%) of the otherwise applicable rates such party
would be charged for title insurance policies. Minimum charge: Four Hundred Twenty -Five And No/100 Dollars
($425.00)
The Company may require proof of eligibility from the parties to the transaction verifying they are entitled to the
discount as described. No other discounts or special rates, or combination of discounts or special rates, shall be
applicable.
MILITARY RATE (SLTC)
A discount of twenty percent (20%) off the purchase transaction closing and settlement fee or a discount of
One Hundred And No/100 Dollars ($100.00) off the refinance closing and settlement fee, will be applied when the
loan is guaranteed by the United States Veterans Administration and the escrow fee is being paid by the consumer
and is listed as paid by borrower on the Closing Disclosure and final Settlement Statement.
CA Discount Notice
SCA0002954.doc / Updated: 08.28.24 Page 15 CA--FBSC-02180.050100-FBS02402604
OCHICAGO TITLE
CERTIFICATION OF
NON -FOREIGN STATUS
Date: November 19, 2024
Escrow No.: FBSC2402604-PF
Section 1445 of the Internal Revenue Code requires a transferee (buyer) of a U.S. Real Property interest to
withhold fifteen percent (15%) of the gross sales price if the transferor (seller) is a foreign person or entity unless
the transferee receives a certification of non -foreign status from the transferor (seller). The certification must be
signed under penalties of perjury, stating the transferor is not a foreign person/entity and containing the
transferor's name, address, and U.S. Taxpayer Identification Number.
Sellers who provide such a certification are exempt from withholding and the estimated tax cannot be collected
from them unless the buyer or their agent have knowledge the certification is false.
Certification of Non -Foreign Status by Entity
The undersigned hereby certifies the following:
City of Redlands is not a foreign corporation, foreign partnership, foreign trust, or foreign estate (as defined in
the Internal Revenue Code and Income Tax Regulations) or a disregarded entity as defined in
§1.1445-2(b)(2)(iii);
The U.S. Employer Identification No. for this entity is: 95-6000766
The office address is:
35 Caion Street, Suite 2
Redlands, CA 92373
The transferor/seller understands this certification may be disclosed to the Internal Revenue Service by transferee
and any false statement contained herein could be punished by fine, imprisonment, or both.
Under penalties of perjury I declare I have completed this certification and to the best of my knowledge and belief
it is true, correct, and complete, and I further declare that I have authority to sign this document on behalf of seller.
IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below.
The City of Redlands
By: e.
Mario Sauce o
Title:
Mayor
FIRPTA - Seller's Certification
SCA0002028.doc1 Updated: 08.14.24 Page 1
4--11 -2s
Date
Rev. 1 /28/2010
CA—FBSC-02180.050100-FBSC2402604
QCHICAGO TITLE
Escrow No.: FBSC2402604-PF
Property: Vacant Land, Redlands, CA 92373
The undersigned hereby declares as follows:
1. (Fill in the applicable paragraph and strike the other)
OWNER'S DECLARATION
A. Declarant ("Owner") is the owner or lessee, as the case may be, of certain premises located at Vacant
Land, Redlands, CA 92373, further described as follows: See Preliminary ReporUCommitment
No. FBSC2402604 for full legal description (the "Land").
B. Declarant is the Mayor of The City of Redlands ("Owner"),
which is the owner or lessee, as the case may be, of certain premises located at Vacant Land, Redlands,
CA 92373, further described as follows: See Preliminary Report/Commitment No. FBSC2402604 for full
legal description (the "Land"),
2. (Fill in the applicable paragraph and strike the other)
A. During the period of six (6) months immediately preceding the date of this declaration no work has been
done, no surveys or architectural or engineering plans have been prepared, and no materials have been
furnished in connection with the erection, equipment, repair, protection or removal of any building or other
structure on the Land or in connection with the improvement of the Land in any manner whatsoever.
B. Buripg3he t3eried of sax ing t+�e date of ttais deslaration-ser#ain-werk-has
been-dene and-naater4al"r+niehed-in-eenaeetioR Nith upen-4he-6iR"
improvement&-er-repairs-upon-the-Land,arfon-the-serviee"f-erehiteets-saweyem-er-engineers-exeept
as -#ells : . 6wner-by-the-undersigned-Beelarant,
agrees-to-and-dees-++ereby-indemnify-awd-held-harmlese-Ehieage-TiHe4nsurenee-GoFnpany-against any
and-all-clairns-arisirtg�thenefrorrt.
3. Owner has not previously conveyed the Land; is not a debtor in bankruptcy (and if a partnership, the general
partner thereof is not 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/Commitment, there are no unpaid or unsatisfied
mortgages, deeds of trust, Uniform Commercial Code financing statements, regular assessments, special
assessments, periodic assessments or any assessment from any source, claims of lien, special assessments,
or taxes that constitute a lien against the Land or that affect the Land but have not been recorded in the public
records. There are no violations of the covenants, conditions and restrictions as shown in the above
referenced Preliminary ReporUCommitment.
5. The Land is currently in use as a Parking Lot
occupy/occupies the Land; and the following are all of the leases or other occupancy rights affecting the Land:
6. There are no other persons or entities that assert an ownership interest in the Land, nor are there unrecorded
easements, claims of easement, or boundary disputes that affect the Land.
7. There are no outstanding options to purchase or rights of first refusal affecting the Land.
B. Between the most recent Effective Date of the above referenced Preliminary ReporUCommitment and the date
of recording of the Insured Instrument(s), Owner has not taken or allowed, and will not take or allow, any
action or inaction to encumber or otherwise affect title to the Land.
Owner's Declaration
SCA0002873.doe / Updated: 07.18224 Page 1 CA—FBSC-02180.050100-FBSC2402604
OWNER'S DECLARATION
(continued)
9. That the undersigned has not received any written notice of violation of any covenants, conditions or
restrictions, if any, affecting the Land,
10. That there are no outstanding unpaid sellers or suppliers of PACA/PASA commodities or products incurred by
the Lessee, except:
NIA
11. That no notices of claim or notices of intent to preserve claim rights have been received by the Company from
PACA/PASA sellers or suppliers of the Lessee, except:
NIA
This declaration is made with the intention that Chicago Title Insurance Company (the "Company") and its policy
issuing agents will rely upon it in issuing their title insurance policies and endorsements. Owner, by the
undersigned Declarant, agrees to indemnify the Company against loss or damage (including attorneys' fees,
expenses, and costs) incurred by the Company as a result of any untrue statement made herein. Additionally,
Owner, by the undersigned Declarant, agrees to indemnify and hold the Company harmless during the gap period
between the last title examination of the Land that was conducted by, for and/or on behalf of the Company, and
the time when the deed, assignments and any other documents creating priority of title are recorded in connection
with the sale and/or transfer of the Land.
declare under penalty of perjury that the foregoing is true and correct and that this declaration was executed on
April 3, 2025 at 02:12 PM.
The Ci Redlands, alifornia municipal corporation
f3
Mario Saucedo, Mayor
Owner's Declaration
SCA0002873.doc / Updated, 07.18.24 Page 2 CA—FBSG-02180.050100-FBSC2402604
Chicago Title Company
aa CHICAGO TITLE 9090 Milliken Ave, Suite 100
Rancho Cucamonga, CA 91730
Phone: 909-941-6494
Seller's Estimated Closing Statement
Order Number:
F13SC2402604
Escrow Officer:
Pamela Fry
Buyer:
Property One, LLC
Seller:
The City of Redlands
Property:
Vacant Land
Redlands, CA 92373
San Bernardino County
Seller
Debit Credit
Total Consideration
Total Consideration
55,000.00
Equity Transfer from Property Exchange
55,000.00
Vacant Land/Parcel #0170-142-12
Title I Settlement Charges
Owner's Policy Endorsements to Chicago Title Company
472.00
Coverage: $55,000.00
Version: CLTA Standard Coverage Owner's Policy - 2022
Escrow Fee to Chicago Title Company
365.00
Pad -refundable if not used to Chicago Title Company
200.00
Subtotals
56,037.00
55,000.00
Balance Due FROM Seller
1,037.00
Totals
56,037.00
56,037.00
It is agreed by the undersigned that the foregoing statement may change if a change in the escrow closing occurs or if
other unforeseen contingencies arise. In the event changes in the statement become necessary, you are nevertheless
authorized to close this escrow. It is understood that we will receive a final statement of account if the above totals are
changed.
SELLER
The City o edlands, a C ifornia municipal corporation
BY:
Mario Saucedo, ayor
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