My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
THRIVE SANTA ANA, INC. (8)
Clerk
>
Contracts / Agreements
>
T
>
THRIVE SANTA ANA, INC. (8)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/7/2026 8:41:58 AM
Creation date
4/7/2026 8:24:00 AM
Metadata
Fields
Template:
Contracts
Company Name
THRIVE SANTA ANA, INC.
Contract #
A-2026-020-01
Agency
Community Development
Council Approval Date
2/17/2026
Expiration Date
1/1/1900
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
41
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
First American Title Company File No.:o5A-7376481(NP) <br /> The Parties agree: <br /> • to execute documents required to complete the transaction and issue the Policy; <br /> • to provide any additional instructions to Settlement Agent or modify existing instructions to Settlement Agent <br /> in writing,, <br /> • to disclose in advance to Settlement Agent any deposits of funds to be made by third parties, such as gift <br /> funds; all such deposits are subject to Settlement Agent's acceptance of the funds and conditions and terms <br /> to be specified by Settlement Agent including providing contact information for any third-party depositors, <br /> furnishing their government issued identification, taxpayer identification (social security) number, address and <br /> occupation, and signing separate instructions regarding deposit and use of their funds; <br /> • to notify Settlement Agent of any error or omission in the settlement statement immediately upon receipt; <br /> • to comply with cancellation requirements of the Settlement Agent including payment of any service or <br /> cancellation fees required by Settlement Agent or applicable law; <br /> • to make up any shortages in funds due from the respective Party inadvertently omitted by the Settlement <br /> Agent or as a result of incorrect amounts shown on the settlement statement; and if any documents do not <br /> accurately contain all of the agreed terms of the transaction due to an error by Settlement Agent, any of the <br /> Parties, or others,the Parties will execute new documents to correct the error upon request by the other <br /> Party or Settlement Agent. <br /> • Parties will deposit funds in a timely manner, pursuant to contract terms, in the form of payment acceptable <br /> to Settlement Agent which payment must be made in compliance with the respective state's good funds laws; <br /> payments made in any manner other than via wire transfer may delay final closing while Settlement Agent <br /> verifies the payment. <br /> • Buyer will be the withholding agent as prescribed under FIRPTA if the seller is subject to federal withholding; <br /> and <br /> • at closing, after review of the title commitment or preliminary report, Seller will represent and warrant that all <br /> outstanding bills on the Property are paid current, and that there are no liens on the Property, and there are <br /> no tenants or parties in possession of any of the Property, except as disclosed in the title commitment or <br /> preliminary report. Seller also agrees not to borrow any more funds from a line of credit secured by the <br /> Property and authorizes Settlement Agent to close the line of credit on SeIler's behalf. <br /> D. Parties Acknowledge Limits of Settlement Agent Responsibilities <br /> As the Settlement Agent's obligations are limited to the specific matters described above, unless otherwise <br /> provided for in these Instructions, the Parties and their agents will also be responsible for: <br /> • obtaining their own legal, tax or financial services for which a license is required; <br /> • obtaining fire, hazard or liability insurance from an insurance company or agent of Buyer's choice, <br /> • coordinating delivery of possession (including keys) after closing; <br /> • verifying the condition of the Property and the completion or sufficiency of repairs; <br /> • tracking contract contingencies; <br /> • handling personal property issues such as transferring title to equipment, fixtures and other personal <br /> property, clearing any loans or liens on those items, and payment of personal property taxes; <br /> • transferring utilities; <br /> • paying bills not secured by the Property other than those shown on the settlement statements. If payment of <br /> an unsecured debt or bill not associated with the transaction is required by the Buyer's lender, Buyer will <br /> supply Settlement Agent with information sufficient to make the payment and Settlement Agent will deliver <br /> payment to the creditor or to the Buyer,who agrees to send the payment to the creditor promptly. Payments <br /> made by Settlement Agent are an accommodation only and Settlement Agent is not liable for any interest, <br /> penalty, late charges or other sums due. Settlement Agent is not responsible for insufficiencies, <br /> overpayments, closing of accounts or obtaining any releases. <br /> • resolving conflicting instructions between the Parties before Settlement Agent closes the transaction; <br /> • paying or prorating any post-closing retroactive property tax assessment not insured against by the Policy <br /> including reassessment in value, change in land usage, including changes caused by natural disasters, <br /> construction of new improvements, failure to timely remove property tax exemptions, or loss of any <br /> homestead status; and <br /> • Buyer acting as the withholding agent under FIRPTA. <br /> OFir st American Financial Cor Goratiori.All Rights Reserved. NYSE: FAA Page 3 of i2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.