_________________________________________________________________________________________________________ Owners’ association website address, if any________________________________________________________________ ______
(d) Fuel Tank(s)/Fuel : To the best of Seller’s knowledge, there is is not a fuel tank(s) located on the Property. If “yes” complete the following: (i) Description : Tank 1: Use: currently in use currently NOT in use Ownership: owned leased. If leased, name and contact information of tank lessor: _________________ ____________________________________________________________________________________________ Location: above ground below ground Type of fuel: oil propane gasoline and/or diesel other: ______________________________________ Name and contact information of fuel vendor: _____________________________________________________ Tank 2: Use: currently in use currently NOT in use Ownership: owned leased. If leased, name and contact information of tank lessor: _________________ ____________________________________________________________________________________________ Location: above ground below ground Type of fuel: oil propane gasoline and/or diesel other: ______________________________________ Name and contact information of fuel vendor: _____________________________________________________ (ii) Tank(s) included in sale : Buyer and Seller agree that any tank described above that is owned by Seller shall be included in the sale as part of the Purchase Price free of liens, unless excluded in paragraph 2(e) above. (iii) Fuel : Seller may use fuel in the tank(s) described above through Settlement, but may not otherwise remove the fuel or resell it. Any fuel remaining in the tank(s) as of Settlement shall be included in the sale as part of the Purchase Price, free of liens. Seller’s use of fuel in any fuel tank is subject to Seller’s obligation under Paragraph 8(c) to provide working, existing utilities through the earlier of Closing or possession by Buyer.
NOTE: Buyer shall be entitled to conduct inspections to confirm the existence, type and ownership of any fuel tank located on the Property. Buyer is advised to consult with the owner of any leased fuel tank regarding the terms under which Buyer may lease the tank and obtain fuel.
NOTE: State law provides that it is unlawful for any person, other than the supplier or the owner of a fuel supply tank, to disconnect, interrupt or fill the supply tank with liquefied petroleum gas (LP gas or propane) without the consent of the supplier .
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 easem ents 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 s hort- 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: (i) any attorney presently or previously representing Seller to release and disclose any title insurance policy in such attorney's file to Buyer and both Buyer's and Seller's agents and attorneys; (ii) the Property’s title insurer or its agent to release and disclose all materials in the Property's title insurer's (or title insur er's agent's) file to Buyer and both Buyer's and Seller's agents and attorneys and (iii ) 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).
Page 9 of 16
STANDARD FORM 2-T Revised 7/2022 © 7/2022
Buyer ’s initials ______ ______ Seller ’s initials ______ ______
Made with FlippingBook Digital Publishing Software