Agenda 04-02-2019 6-b - Approval to Acquire Property at 509 Central Avenue, Hillsborough

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14 (c)Assessments: To the best of Seller's knowledge there ❑ are ❑ are not any Proposed Special Assessments. If any Proposed Special Assessments,identify: Seller warrants that there ❑ are ❑ are not any Confirmed Special Assessments. If any Confirmed Special Assessments, identify: NOTE: Buyer's and Seller's respective responsibilities for Proposed and Confirmed Special Assessments are addressed in paragraphs 6(a)and 8(k). (d) Owners' Association(s) and Dues: Seller authorizes and directs any owners' association, any management company of the owners' association, any insurance company and any attorney who has previously represented the Seller to release to Buyer, Buyer's agents, representative, closing attorney or lender true and accurate copies of the following items affecting the Property, including any amendments: • Seller's statement of account • master insurance policy showing the coverage provided and the deductible amount • Declaration and Restrictive Covenants • Rules and Regulations • Articles of Incorporation • Bylaws of the owners' association • current financial statement and budget of the owners' association • parking restrictions and information • architectural guidelines ❑ (specify name of association): whose regular assessments ("dues") are $ per . The name, address and telephone number of the president of the owners' association or the association manager is: Owners' association website address,if any: ❑ (specify name of association): whose regular assessments ("dues") are $ per . The name, address and telephone number of the president of the owners' association or the association manager is: Owners' association website address,if any 8.SELLER OBLIGATIONS: (a)Evidence of Title,Payoff Statement(s)and Non Foreign Status: (i) Seller agrees to use best efforts to provide to the closing attorney as soon as reasonably possible after the Effective Date, copies of all title information in possession of or available to Seller, including but not limited to: title insurance policies, attorney's opinions on title, surveys, covenants, deeds, notes and deeds of trust, leases, and easements relating to the Property. (ii) Seller shall provide to the closing attorney all information needed to obtain a written payoff statement from any lender(s) regarding any security interest in the Property as soon as reasonably possible after the Effective Date, and Seller designates the closing attorney as Seller's agent with express authority to request and obtain on Seller's behalf payoff statements and/or short-pay statements from any such lender(s). (iii)If Seller is not a foreign person as defined by the Foreign Investment in Real Property Tax Act, Seller shall also provide to the closing attorney a non-foreign status affidavit (pursuant to the Foreign Investment in Real Property Tax Act). In the event Seller shall not provide a non-foreign status affidavit, Seller acknowledges that there may be withholding as provided by the Internal Revenue Code. (b) Authorization to Disclose Information: Seller authorizes: (1) any attorney presently or previously representing Seller to Buyer and both Buyer's and Seller's agents and attorneys; release and disclose an title insurance policy in such attorney s file to Buy y g Y Y . (2) the Property's title insurer or its agent to release and disclose all materials in the Property's title insurer's (or title insurer's agent's) file to Buyer and both Buyer's and Seller's agents and attorneys and (3) the closing attorney to release and disclose any seller's closing disclosure, settlement statement and/or disbursement summary, or any information therein, to the parties to this transaction,their real estate agent(s)and Buyer's lender(s). (c) Access to Property: Seller shall provide reasonable access to the Property (including working, existing utilities) through the Page 7 of 16 STANDARD FORM 2-T Buyer's Initials Seller's Initials Revised 7/2018 ©7/2018