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Arizona ______________________________________________ Signature of person taking acknowledgment (Notary Public) _________________________________ Name typed, printed, or stamped -2- is _____ day of ____________________, ______ by __________________________ (name of Principal), who is personally known to me or who has produced ________________________________ as identification. _________ * may not be the Agent, the Agent's spouse or child, or the Notary Public State of ARIZONA ) ) ss County of ________________________ ) The foregoing instrument was acknowledged before me th__________________________________ Witness Signature*: ________________________ Name: ___________________________________ City: ____________________________________ State: ____________________________er, of sound mind and under no constraint or undue influence. Witness Signature*: ________________________ Name: ___________________________________ City: ____________________________________ State: _e principal, sign this Limited Power of Attorney for Purchase of Real Estate as witnesses to the principal's signing and that to the best of our knowledge the principal is eighteen years of age or oldclare to the undersigned authority that the principal signs and executes this instrument as his/her power of attorney and that he/she signs it willingly, and that we, in the presence and hearing of th_______________________ and ___________________________________, the witnesses, sign our names to the foregoing Limited Power of Attorney for Purchase of Real Estate, being first duly sworn, and do de or older, of sound mind and under no constraint or undue influence. __________________________________ (Signature of Principal) __________________________________ (Name of Principal) We, ____________ that I sign it willingly and that I execute it as my free and voluntary act for the purposes expressed in the Limited Power of Attorney for Purchase of Real Estate and that I am eighteen years of agehis _____ day of __________ and, being first duly sworn, do declare to the undersigned authority that I sign and execute this instrument as my Limited Power of Attorney for Purchase of Real Estate andime by providing written notice to my Agent. Dated ____________________, ______, at _________________________, Arizona. I, ____________________, the principal, sign my name to this power of attorney tbe liable for breach of fiduciary duty, failure to act in good faith and/or willful misconduct, while acting under the authority of this Power of Attorney. I may revoke this Power of Attorney at any taims that arise against the third party because of reliance on this power of attorney. -1- Agent shall not be liable for losses resulting from judgment errors made in good faith. However, Agent will may act under it. Revocation of the power of attorney is not effective as to a third party until the third party has actual knowledge of the revocation. I agree to indemnify the third party for any claw, then the remaining unaffected parts of the document shall still remain in full force and effect and not be affected by any partial invalidity. Any third party who receives a copy of this document ower of Attorney. Agent may be required to provide an accounting of all funds received and/or disbursed. If any part of this document is held to be invalid, illegal or unenforceable under applicable lsions, and/or to manage my financial resources and affairs properly. My Agent shall be entitled to reimbursement of all reasonable expenses incurred as a result of carrying out any provision of this P my revocation of this document, whichever occurs first. As used herein, "disability" or "incapacity" shall mean a lack of capacity to receive and evaluate information effectively, to communicate deciment shall remain in full force and effect thereafter until the above described real estate is purchased and the transaction is completed or in the event of my death, disability or incapacity, or upond. This Limited Power of Attorney and the rights, powers, and authority of my Agent shall become effective immediately upon execution of this instrument. The rights, powers, and authority of this docu and appropriate to complete the transaction. I hereby ratify and confirm all acts that my Agent, shall lawfully do or cause to be done by virtue of this power of attorney and the rights hereby grantewyers, accountants or brokers, apply for and obtain necessary loans, arrange for investigations, searches and inspections of the property, pay funds for such purchase and do all other things necessary This limited power shall include the right to complete and execute any and all documents, instruments, warranties, releases, mortgages, applications or deeds necessary for such transaction, retain la__________________________________ __________________________________________________________________________________ __________________________________________________________________________________d as (insert legal description or attach exhibit and write "see attached exhibit"): ___________________________________________________________________ ________________________________________________on my behalf the real estate located at: _________________________________ __________________________________________________________________________________ (Address of property) and legally describeg an address at: _________________________________________________________________ my true and lawful attorney-in-fact for me and in my name, and in my behalf with full power to: Purchase and acquire incipal") maintaining an address at ____________ ______________________________________________________________ do hereby make and appoint ________________________________________ ("Agent") maintaininthe fiduciary and other legal responsibilities of an agent. -3- LIMITED POWER OF ATTORNEY FOR PURCHASE OF REAL ESTATE KNOW ALL PERSONS BY THESE PRESENTS: I, ____________________________________ ("Pry questions about these powers, obtain competent legal advice. You may revoke this power of attorney if you later wish to do so. AGENT: By accepting or acting under the appointment, the agent assumes behalf and to take all actions necessary to accomplish this. Any such action undertaken by your agent, within the scope of this power of attorney document, is legally binding upon you. If you have anions. -2- CAUTION! PRINCIPAL: Before signing this document, consider its consequences. You ("Principal") are providing another person ("Agent") with the power to purchase certain real estate on your this information is general information that is not state specific. Whenever appropriate, the instructions included with the forms packages offered for sale, generally include state specific instructttorney for Purchase of Real Estate to be witnessed, it is always a very good idea to do so. Please note that this information is not intended as and is not a substitute for legal advice. Furthermore,ge the validity of the Limited Power of Attorney for Purchase of Real Estate and will allow it to be recorded as a public record, if necessary. Although, some states don't require a Limited Power of Ae. The Limited Power of Attorney for Purchase of Real Estate should always be notarized, even if your state does not require it. Notarization will make it more difficult for any third party to challennot need to be a lawyer. Almost anyone can be appointed an Attorney-In-Fact by a power of attorney. The Agent should be a competent adult. The Grantor can revoke a General Power of Attorney at any timr (c) if the Principal revokes the document (whichever occurs first). Note that the word "attorney" is not used here to mean "lawyer". The person acting as the Attorney-In-Fact for the Principal does ticular form becomes effective immediately and remains effective until (a) the Real Estate is purchased and the transaction is completed; or (b) in the event of death or incapacity of the Principal; o someone else (called the "Agent" or "Attorney-In-Fact") to act on his or her behalf in purchasing the real estate specified in the Limited Power of Attorney for Purchase of Real Estate form. This par available to handle the transaction personally. A Limited Power of Attorney for Purchase of Real Estate allows a "mentally" competent natural person (called the "Principal" or "Grantor") to authorize may be necessary to appoint another person as your agent to purchase a piece of real estate on your behalf. This may occur if, for example, you (i.e. the Buyer) reside in another city and will not bend use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com -1- Information Limited Power of Attorney for Purchase of Real Estate A situation may arise, where itnly be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document with another party. [_] The purchase al in the selection of the Agent and should be careful in instructing the Agent (i.e. Attorney-in-Fact). [_] These forms are not intended and are not a substitute for legal advice. These forms should o Power of Attorney [_] The Principal should keep the original document, as well as a copy. The Agent should have access to the original document as needed. [_] The Principal should also be very carefuorney. The witness should be an adult. The Agent, the Agent's spouse or children, and the Notary should not be witnesses. Although not always required, it is a good idea to have two witnesses sign the. Notarization will allow the Limited Power of Attorney for Purchase of Real Estate to be recorded as a public record, if necessary. [_] In Arizona, at least one witness needs to sign the Power of Attf the Principal revokes the document (whichever occurs first). [_] The Principal (i.e. the person granting the Power of Attorney; sometimes called the Grantor) should sign the document before a Notarystate becomes effective immediately and remains effective until (a) the Real Estate is purchased and the transaction is completed; or (b) in the event of death or incapacity of the Principal; or (c) i (2) Information for Limited Power of Attorney for Purchase of Real Estate; and (3) Limited Power of Attorney for Purchase of Real Estate Form [_] This Limited Power of Attorney for Purchase of Real EInstructions & Checklist Arizona Limited Power of Attorney for Purchase of Real Estate [_] This package contains (1) Instructions & Checklist for Limited Power of Attorney for Purchase of Real Estate; Arizona