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BY SIGNING THIS DOCUMENT,THE BUYER FURTHER ACKNOWLEDGES:
<br /> Property Approved. I have had adequate opportunity to review the seller's written disclosure statement, if any,
<br /> and to inspect the property and to determine the exact location of its boundaries. The location and physical condition of
<br /> the property and any buildings, improvements, plumbing, heating, cooling, electrical or septic systems on the property are
<br /> approved. I understand that all inspections and approvals of the location and physical condition of the property are my
<br /> sole responsibility, and are not part of the closing agent's duties and responsibilities. I hereby release and agree to hold
<br /> the closing agent harmless from any and all claims of liability for loss or damage arising or resulting from any physical
<br /> condition or defect on the property, or from the location of its boundaries.
<br /> Assumed Encumbrances Approved. I have had adequate opportunity to review the terms of payment, interest
<br /> rates and conditions of any existing notes, deeds of trust, mortgages, contracts, assessments, or other debts or obligations
<br /> that I will assume and agree to pay in this transaction, and hereby approve the same.
<br /> THE CLOSING AGENT IS INSTRUCTED TO PROCEED AS FOLLOWS:
<br /> Instructions to Close. The closing agent is instructed to perform its customary closing duties under these
<br /> instructions, to deliver and record documents according to these instructions, and to disburse the funds according to the
<br /> settlement statement, adjusting estimated amounts, when the closing agent has the documents required to close the
<br /> transaction in its possession and has, or will obtain when the documents have been delivered and recorded:
<br /> 1. Sale proceeds for the seller's account in the sum of, to be disbursed according to the settlement statement.
<br /> 2. Loan proceeds for the buyer's account in the sum of, to be disbursed according to the settlement statement.
<br /> 3. A policy of title insurance issued pursuant to the Preliminary Commitment for Title Insurance referred to
<br /> above, insuring the buyer with ALTA Standard Coverage Owner's Policy(06/2006)coverage with liability of not less
<br /> than , having the usual clauses, provisions and stipulations customarily contained in the printed provisions and
<br /> schedules of such policy forms, insuring the buyer's title to the property against all defects or encumbrances
<br /> except those set forth in the printed exceptions and exclusions customarily contained in the printed provisions and
<br /> schedules of such policy forms, matters attaching by, through or under the buyer, taxes not yet due, and the
<br /> matters set forth in the following numbered paragraphs of Schedule B of the Preliminary Commitment for Title
<br /> Insurance: Future Taxes
<br /> 4. Such other policies of title insurance as may be required by any lenders that are providing financing for the
<br /> transaction, in accordance with instructions from them.
<br /> Completion or Correction of Documents. The closing agent is permitted to correct any obvious or
<br /> typographical errors found in any document deposited under these instructions, and to insert as necessary the closing
<br /> date, the date on which interest begins to accrue, and the dates on which payments must be made, if such items are
<br /> incomplete. If necessary, the closing agent is authorized to substitute the vesting page of the executed conveyance deed
<br /> to amend grantee's (buyer's) names and/or vesting in the event the buyer or their lender uses a different variation for final
<br /> closing. Should corrections, revisions or additional signatures be needed to perfect any documents, whether pre or post
<br /> closing, the parties agree to cooperate with closing agent and shall promptly aid in the closing agent's request for said
<br /> corrections.
<br /> Adjustments and Pro-rations. The closing agent is instructed to adjust and pro-rate as of the closing date, real
<br /> estate taxes for the current year, recurrent assessments if any.
<br /> E-mail Transmission. Escrow Agent will communicate to the parties using e-mail if that address is provided by
<br /> the parties on these instructions or on the P&SA given to the Escrow Agent, or if the parties communicate directly with the
<br /> Escrow Agent using e-mail. Email transmission of any signed original document and retransmission of any signed email
<br /> transmission, shall be the same as delivery of an original.
<br /> Disbursement of Funds. Funds will be disbursed as quickly as possible following closing. In many instances
<br /> disbursement will occur on the next business day. International wire transfers may not be disbursed until the second
<br /> business day following closing. Escrow will determine the most expedient and secure method to remit loan payoff funds.
<br /> Due to growing concerns of wire fraud, payoff funds may be remitted by overnighting a check rather than via wire transfer.
<br /> Accounts may not show paid in full until a few days after closing. Rainier Title will not be responsible for accrual of
<br /> interest, late fees, or other charges for which you are responsible in the interim.
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