Page 10 - Purchase Contract Guide

SECTION 3 - Title and Escrow

3d Lines 133-142 Escrow Company shall furnish notice of pending sale to the HOA. Seller is to disclose all Homeowners
Associations, using the HOA Addendum.

If an Affidavit of Disclosure is provided, Escrow Company shall record the Affidavit at COE. It is the sole responsibility of the
Seller to provide the Affidavit of Disclosure.

3e Line 143 Prorations of Real Property taxes will be based upon latest available figures. Buyers should be aware that taxes
change from year to year and that current year tax figures may not be available at COE.

3f Lines 144-148 Buyer and Seller agree to hold harmless escrow agent in any way to the release of
Earnest Money.

3h Lines 152-153 Assessments that are liens at COE will be paid by the party whose box is checked.
This may include Community Facility District liens, Impact fees or other assessments.

SECTION 4 - Disclosure

4a Lines 154-156 Seller shall deliver a completed SPDS form to the Buyer within three (3) days after Contract acceptance.
Buyer shall provide notice of any SPDS items disapproved within the inspection period or five (5) days after receipt of the
SPDS, whichever is later.

4b Lines 157-161 Seller shall deliver to Buyer a written five-year insurance claims history regarding Premises (or a claims histo-
ry for the length of time Seller has owned the Premises, if less than five years).

4d Lines 167-182 The lead based paint disclosure has different time requirements than most other disclosures, depending on
the box checked on lines 156 and 157. Be sure you are aware of the delivery and response times.

4e Lines 183-186 Escrow Agent’s sole responsibility is to record the Affidavit if the Seller provides it to escrow. Buyer shall
provide notice of any items disapproved within the inspection period of five (5) days after receipt of the Affidavit,
whichever is later.

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