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DocuSrgo Envelope ID:566E90EC-0703.46E0-A9FO-F62731A04C69
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<br /> SELLER'S MANDATORY DISCLOSURE STATEMENT
<br /> (Required bylaw on transactions involving non-residential properties in California)
<br /> DO NOT USE THIS FORM WITH REGARD TO THE SALE OF RESIDENTIAL PROPERTIES
<br /> This disclosure statement is intended to be a part of the 1L STANDARD OFFER,AGREEMENT AND ESCROW INSTRUCTIONS FOR PURCHASE OF REAL ESTATE(See
<br /> paragraph 9.1(a)of said document)a' (the"Purchase Agreement")dated , ,regarding that certain real property
<br /> commonly known as(street address,city,state,zip): - '" , . :"., .,
<br /> (the"Property")wherein - , C r. is the Seller and . y
<br /> is the Buyer.Note:This disclosure statement is not designed nor intended to be used in place of the standard Property Information Sheet
<br /> published BY AIR CRE("AIR").Both documents should be used in every transaction involving a sale.
<br /> In order to comply with State law concerning disclosures to a potential purchaser,Seller elects to:
<br /> A. Utilize a report prepared by a professional consultant which has been approved by the AIR,i.e.,First American Natural Hazard Disclosures,(800)527-0027,
<br /> or 1CP Property Disclosure Reports,1800)748.5233.A copy of their report is attached hereto.(Complete paragraph 8,9,10,12 and 13 and sign this statement in the
<br /> place provided.)
<br /> B. Utilize a report prepared by ,with phone number: .A copy of their report is attached hereto.(Complete paragraphs 8,9 10,
<br /> 12,and 13,sign this Statement in the place provided,and attacha copy of The Commercial Property Owner's Guide to Earthquake Safety.)
<br /> C. Complete this Disclosure Statement without the assistance of a professional consultant.(Complete paragraphs 1 through 13 and sign this Statement in the
<br /> place provided. Remember to attach a copy of The Commercial Property Owner's Guide to Earthquake Safety.)
<br /> 1. EARTHQUAKE FAULT ZONES.If the Property is located within a delineated Earthquake Fault Zone(a zone that encompasses a potentially or recently active trace
<br /> of an earthquake fault that is deemed by the State Geologist to constitute a potential hazard to structures from surface faulting or fault creep),California Public
<br /> Resources Code 42621 et seq-mandates that prospective purchasers be advised that the Property is located within such a Zone,and that its development may require
<br /> a geologic report from a state registered geologist. In accordance with such law,Buyer is hereby informed that the Property is or is not within a delineated
<br /> Earthquake Fault Zone.
<br /> 2. SEISMIC HAZARD ZONES. If the Property is located within a Seismic Hazard Zone as delineated on a map prepared by the California Division of Mines and
<br /> Geology,California Public Resources Code 42690 et seq.mandates that prospective purchasers be advised that the Property is located within such a Zone.In
<br /> .
<br /> accordance with such law,Buyer is hereby informed that the Property: is or` is not within a Seismic Hazard Zane.
<br /> 3. EARTHQUAKE SAFETY. If(1)the improvements on the Property were constructed prior to 1975,and(2)said improvements include structures with(i)pre cast
<br /> (e.g.,tilt-up)concrete or reinforced masonry walls together with wood frame floors or roofs or(i)unreinforced masonry walls,Buyer must be provided with a copy of
<br /> The Commercial Property Owner's Guide to Earthquake Safety(the"Booklet")published by the California Seismic Safety Commission.Buyer is hereby informed that
<br /> the Property:
<br /> (a)meets the foregoing requirements,and a copy of the Booklet and a completed"Commercial Property Earthquake Weakness Disclosure Report"is
<br /> attached hereto.Within five business days of Buyer's receipt of said Disclosure Report,Buyer shall deliver a duly countersigned copy of the same to Escrow Holder,
<br /> with a copy to Seller and Seller's Broker.Escrow Holder is hereby instructed that the Escrow shall not close unless and until Escrow Holder has received the Disclosure
<br /> Report duly signed by both Seller and Buyer.
<br /> (b)does riot meet the foregoing requirements requiring the delivery of the Booklet.
<br /> 4. FIRE PROTECTION. If the Property is located within a designated State Responsibility Area as delineated on a map prepared by the California Department of
<br /> Forestry,California Public Resources Code§4136 mandates that prospective purchasers be advised that the Property is located within a wildland area which may
<br /> contain substantial forest fire risks and hazards,that the State may not be responsible to provide fire protection services,and that the Property may be subject to the
<br /> requirements of Public Resources Code§4291 which requires the periodic removal of brush,the maintenance of firebreaks,and other similar activities.In accordance
<br /> with such taw,Buyer is hereby informed that the Property' is or'' is not within a designated State Responsibility Area.
<br /> S. FIRE HAZARD.If the Property is located within an area designated as a Very High Fre Hazard Severity Zone pursuant to Government Code§51178 et seq.
<br /> 451183.5 mandates that prospective purchasers be advised that the Property is located within such a zone and that the Property may be subject to various
<br /> maintenance,design and/or construction requirements and/or restrictions. In accordance with such law,Buyer is hereby informed that the Property is or is
<br /> not within a designated Very High Fire Hazard Severity Zone.
<br /> 6. AREA OF POTENTIAL FLOODING.lithe Property is located within an area of potential flooding in the event of the failure of a dam as shown on an inundation
<br /> map designated pursuant to Government Code§8589.5,§8589.4 mandates that prospective purchasers be advised that the Property is located within such an area.
<br /> In accordance with such law,Buyer is hereby informed that the Property _ is or is not within a designated area of potential flooding.
<br /> 7. FLOOD HAZARD AREAS.If the Property is located within a designated Federal Flood Hazard Area as delineated on a map prepared by the Federal Emergency
<br /> Management Agency,Federal law,ie.42 U.S.C.§4104a,mandates that prospective purchasers be advised that the Property is located within an area having special
<br /> flood hazards and that flood insurance may be required as a condition to obtaining financing.In accordance with such law,Buyer is hereby Informed that the Property
<br /> is or is not within a designated Federal Flood Hazard Area.
<br /> 8. FLOOD DISASTER INSURANCE.If the Seller or Seller's predecessor-in-interest has previously received Federal flood disaster assistance and said assistance was
<br /> conditioned upon obtaining and maintaining flood insurance on the Property,Federal law,ie.42 U.S.C.§5154a,mandates that prospective purchasers be advised that
<br /> they will be required to maintain such insurance on the Property and that if said insurance is not maintained and the Property is thereafter damaged by a flood
<br /> disaster,the purchaser may be required to reimburse the Federal Government for the disaster relief provided. Buyer is hereby informed that to the best of the Seller's
<br /> knowledge Federal flood disaster assistance has or' has not been previously received with regard to the Property.Note:if such disaster assistance has been
<br /> received,the law specifies that the required notice be"contained in documents evidencing the transfer of ownership".
<br /> 9. WATER HEATER BRACING.If the Property contains one or more water heaters,Seller is required by California Health and Safely Code 419211 to certify to the
<br /> Buyer that all such water heaters have been braced,strapped and/or anchored in accordance with law. Buyer is hereby advised that the required bracing,strapping
<br /> and/or anchors: have been installed have not been installed,or Seller does not know whether they have been installed.
<br /> 10. PRESENCE OF MOLD.If the seller or transferor of property knows of the presence of mold that affects the property and the mold either exceeds permissible
<br /> exposure limits or poses a health threat then Health and Safety Code§26140,et seq.mandates that prospective purchasers be advised in writing of such mold. In
<br /> accordance with such law,Buyer is hereby informed that the undersigned does or does not know of the presence of such mold effecting the Property.
<br /> 11. TITLE INSURANCE. In the event that the Purchase Agreement does not at present provide that title insurance will be obtained,Buyer is strongly urged to
<br /> consider purchasing such insurance,and,in accordance with California Civil Code 41057.6,is advised as follows:
<br /> IMPORTANT:IN A PURCHASE OR EXCHANGE OF REAL PROPERTY,IT MAY BE ADVISABLE TO OBTAIN TITLE INSURANCE IN CONNECTION WITH THE CLOSE KROW
<br /> SINCE THERE MAY BE PRIOR RECORDED LIENS AND ENCUMBRANCES WHICH AFFECT YOUR INTEREST IN THE PROPERTY BEING ACQUIRER A NEW POLI (±)'TLE
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<br /> INITIALS Last Edited:10/31/2018 10:44 AM INITIALS
<br /> ®2017 AIR CRE. All Rights Reserved. SMD-6.00,Revised 01-03-2017
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