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California ERJURY under the laws of the State of California that the foregoing paragraph is true and correct WITNESS my hand and official seal. Signature __________________________________ (Seal) -3- ized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument I certify under PENALTY OF P me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their author__________________________________________________ (here insert name and title of the officer), personally appeared _____________________________ _______________________________________, who proved toCity: __________________________________ State: ___________________________________ Notary Acknowledgment State of California County of ________________________ ) ) ss ) On __________ before me, _____________________ City: __________________________________ State: ___________________________________ Witness Signature: ___________________________________ Name: ___________________________________ _______ (date), at _______________________ (city), California. ________________________________ Signature of Principal Witness Signature: ___________________________________ Name: __________________aith and/or willful misconduct, while acting under the authority of this Power of Attorney. I may revoke this Power of Attorney at any time by providing written notice to my Agent. Signed on _________is power of attorney. -2- Agent shall not be liable for losses resulting from judgment errors made in good faith. However, Agent will be liable for breach of fiduciary duty, failure to act in good fctive as to a third party until the third party has actual knowledge of the revocation. I agree to indemnify the third party for any claims that arise against the third party because of reliance on thll remain in full force and effect and not be affected by any partial invalidity. Any third party who receives a copy of this document may act under it. Revocation of the power of attorney is not effeof all funds received and/or disbursed. If any part of this document is held to be invalid, illegal or unenforceable under applicable law, then the remaining unaffected parts of the document shall stily. My Agent shall be entitled to reimbursement of all reasonable expenses incurred as a result of carrying out any provision of this Power of Attorney. Agent may be required to provide an accounting herein, "disability" or "incapacity" shall mean a lack of capacity to receive and evaluate information effectively, to communicate decisions, and/or to manage my financial resources and affairs properbove described real estate is purchased and the transaction is completed or in the event of my death, disability or incapacity, or upon my revocation of this document, whichever occurs first. As used hority of my Agent shall become effective immediately upon execution of this instrument. The rights, powers, and authority of this document shall remain in full force and effect thereafter until the a 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 granted. This Limited Power of Attorney and the rights, powers, and autns, arrange for investigations, searches and inspections of the property, pay funds for such purchase and do all other things necessary and appropriate to complete the transaction. I hereby ratify andte any and all documents, instruments, warranties, releases, mortgages, applications or deeds necessary for such transaction, retain lawyers, accountants or brokers, apply for and obtain necessary loa____________________________________________________ __________________________________________________________________________________ This limited power shall include the right to complete and executtached exhibit"): ___________________________________________________________________ __________________________________________________________________________________ _______________________________________ __________________________________________________________________________________ (Address of property) and legally described as (insert legal description or attach exhibit and write "see a_________________ my true and lawful attorney-in-fact for me and in my name, and in my behalf with full power to: Purchase and acquire on my behalf the real estate located at: ______________________________________________________________________ do hereby make and appoint ________________________________________ ("Agent") maintaining an address at: ________________________________________________ LIMITED POWER OF ATTORNEY FOR PURCHASE OF REAL ESTATE KNOW ALL PERSONS BY THESE PRESENTS: I, ____________________________________ ("Principal") maintaining an address at ____________ ________________The power of attorney is important to you. If you do not understand the power of attorney, or any provision of it, then you should obtain the assistance of an attorney or other qualified person. -1- corded. You should read this power of attorney carefully. When effective, this power of attorney will give your agent the right to deal with property that you now have or might acquire in the future. ey or (2) the principal's signing or acknowledgment of his or her signature. A power of attorney that may affect real property should be acknowledged before a notary public so that it may easily be re of attorney must be dated and must be acknowledged before a notary public or signed by two witnesses. If it is signed by two witnesses, they must witness either (1) the signing of the power of attornttorney or by executing an amendment through the same formalities as an original. You have the right to revoke or terminate this power of attorney at any time, so long as you are competent. This poweryour own decisions respecting the management of your property, unless you provide otherwise in this power of attorney. You can amend or change this power of attorney only by executing a new power of ast for a shorter period of time or unless you otherwise terminate the power of attorney. The powers you give your agent in this power of attorney will continue to exist even if you can no longer make of attorney unless you provide otherwise in this power of attorney. The powers you give your agent will continue to exist for your entire lifetime, unless you state that the power of attorney will la if your agent borrows money on your behalf, unless you provide otherwise in this power of attorney. Your agent will have the right to receive reasonable payment for services provided under this powerss you and your agent agree otherwise in writing. This document gives your agent the powers to manage, dispose of, sell and convey your real and personal property, and to use your property as security, you are authorizing another person to act for you, the principal. Before you sign this power of attorney, you should know these important facts: Your agent (attorney-in-fact) has no duty to act unleackages offered for sale, generally include state specific instructions. -2- California Power of Attorney Warning A power of attorney is an important legal document. By signing the power of attorney intended as and is not a substitute for legal advice. Furthermore, this information is general information that is not state specific. Whenever appropriate, the instructions included with the forms pnecessary. Although, some states don't require a Limited Power of Attorney for Purchase of Real Estate to be witnessed, it is always a very good idea to do so. Please note that this information is notrization will make it more difficult for any third party to challenge 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 dult. The Grantor can revoke a General Power of Attorney at any time. The Limited Power of Attorney for Purchase of Real Estate should always be notarized, even if your state does not require it. Nota. The person acting as the Attorney-In-Fact for the Principal does not 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 ated; or (b) in the event of death or incapacity of the Principal; or (c) if the Principal revokes the document (whichever occurs first). Note that the word "attorney" is not used here to mean "lawyer"imited Power of Attorney for Purchase of Real Estate form. This particular form becomes effective immediately and remains effective until (a) the Real Estate is purchased and the transaction is complet natural person (called the "Principal" or "Grantor") to authorize someone else (called the "Agent" or "Attorney-In-Fact") to act on his or her behalf in purchasing the real estate specified in the Lxample, you (i.e. the Buyer) reside in another city and will not be available to handle the transaction personally. A Limited Power of Attorney for Purchase of Real Estate allows a "mentally" competentorney for Purchase of Real Estate A situation may arise, where it 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 ebefore negotiating any document with another party. The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com -1- Information Limited Power of Attended and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted the original document as needed. The Principal should also be very careful in the selection of the Agent and should be careful in instructing the Agent (i.e. Attorney-in-Fact). These forms are not inor her signature. The Agent, the Agent's spouse or children, and the Notary should not be witnesses. The Principal should keep the original document, as well as a copy. The Agent should have access to before a notary public or signed by two witnesses. If two witnesses sign it, they must witness either (1) the signing of the power of attorney or (2) the principal's signing or acknowledgment of his zation will allow the Limited Power of Attorney for Purchase of Real Estate to be recorded as a public record, if necessary. In California, the power of attorney must be dated and must be acknowledgede 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 Notary. Notarie 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) if th (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 EstatInstructions & Checklist California 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; California