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First American Title Company File No.:OSA-7376481[NP) • Obtain payoffs of loans, liens and assessments shown in the title insurance commitment or preliminary report that are to be paid as part of the settlement or as required to issue the Policy. • Prepare a settlement statement itemizing charges to the Parties, including: • invoices submitted by or on behalf of the Parties; • payoff demands submitted by any person having a lien or interest in the Property; • property taxes, property owner's association dues and/or rents; • prorations of property taxes or other items between the Parties such as property owner's association dues, rents, or deposits; • fees and charges due to Settlement Agent and the Title Insurer; • fees due to a lender; • fees due pursuant to the contract or other instructions provided by the Parties; • other items that are part of this transaction. • Adjust prorations based on the actual settlement date without further instruction from the Parties. Any adjustments or re-prorations after closing will be made between the Parties without Settlement Agent's involvement. • Prepare or select a provider to prepare needed documents, including deeds, mortgages and deeds of trust, as permitted by law if customary in the property jurisdiction. • Deliver copies of documents it receives to real estate agents, mortgage brokers, lenders and attorneys identified in the transaction in relation to their role. Documents delivered to an agent, attorney, or representative of any Party, or to a Party that is registered with our Transactions portal to the portal, will be deemed delivered to the Party. • Coordinate with the Buyer's lender(s), if any, including providing requested information, and receiving and processing loan documents. • Share taxpayer identification numbers of the respective Parties if required for federal withholding purposes, or in relation to financing provided by the Seller for the benefit of the Buyer's purchase of the Property. • Make non-material corrections to documents, such as correction of typographical errors. • Once all conditions precedent are satisfied, released, approved or waived, proceed to close the transaction absent written instructions to the contrary provided prior to the disbursement of funds or recording of documents. • Deliver and disburse funds and documents to the Parties at the addresses provided. • Deliver for filing with the appropriate government entity, documents delivered by the Parties to transfer and/or encumber the title to the Property. • Deliver or cause to be delivered the Policy containing the exceptions shown on the title commitment or preliminary report other than those being paid or released in this transaction, and deeds of trust, mortgages or other voluntary liens, encumbrances or other restrictions or agreements executed or agreed to by Buyer in this transaction, subject to terms, provisions and conditions of the Policy. • May, in its sole discretion, hold funds for title curative matters for which it does not have a final amount available to pay at time of closing. • Report the sale to the IRS via form 1099-S with the Seller's U.S. taxpayer identification number(provided by the Seller) unless the Seller can prove an exemption from reporting. Settlement Agent may report the sale under federal regulations, even if the Seller claims an exemption. • Submit payment and required forms for any state income tax withholding obligations of the Buyer from the Seller, resulting from the sale of real property if and as required by law. • As a courtesy, issue payment for federal income tax withholding obligations of the Buyer from the Seller, due as a result of the sale of real property by a foreign seller per FIRPTA. ("FIRPTA" is the Foreign Investment in Real Property Tax Act of 1980, a United States tax law that imposes income tax on foreign persons disposing of US real property interests. Purchasers of real property interests sold by a foreign person are required to withhold tax on payment for the property. The amount of withholding may vary and purchasers may be liable if the withholding is not paid timely to the IRS.) • Retain records of transactions in accordance with Settlement Agent's record retention policy. • Provide other services as may be required by law or specified in written instructions by the parties and agreed to by Settlement Agent in writing. • Record some documents shown on the settlement statement post-closing. The party charged for documents to be recorded post-closing will be responsible for any additional charges due at the time of recording. Funds collected for document recording will be returned to the parry charged if the documents are not presented for recording within 90 days post-closing, C. Parties Obligations and Responsibilities ©First American Financia!Corporation.All Rights Reserved. NYSE: FAF "age 2 of 111