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Maryland _______________ Name typed, printed, or stamped -2- oduced ________________________________ as identification. ________________________________________________ Signature of person taking acknowledgment (Notary Public) __________________________________________ ) The foregoing instrument was acknowledged before me this _____ day of _______________, ______ by __________________________ (name of Principal), who is personally known to me or who has pr____ Name: ___________________________________ City: __________________________________ State: ___________________________________ State of __________________________ ) ) ss County of ______________________________________ Name: ___________________________________ City: __________________________________ State: ___________________________________ Witness Signature: _______________________________ my Agent. Signed on ________________ (date), at _______________________ (city), ______________________ (state). ________________________________ Signature of Principal Witness Signature: ____________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 time by providing written notice toparty 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 be liable for breach of fiduciary e 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 claims that arise against the third 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 may act under it. Revocation of thuired 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 law, then the remaining unaffected al 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 Power of Attorney. Agent may be reqhichever occurs first. As used herein, "disability" or "incapacity" shall mean a lack of capacity to receive and evaluate information effectively, to communicate decisions, and/or to manage my financid 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 upon my revocation of this document, wand the rights, powers, and authority 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 anransaction. 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 granted. This Limited Power of Attorney ly 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 and appropriate to complete the tthe right to complete and execute any and all documents, instruments, warranties, releases, mortgages, applications or deeds necessary for such transaction, retain lawyers, accountants or brokers, app __________________________________________________________________________________ __________________________________________________________________________________ This limited power shall include attach exhibit and write "see attached exhibit"): ___________________________________________________________________ __________________________________________________________________________________ed at: _________________________________ __________________________________________________________________________________ (Address of property) and legally described as (insert legal description or ________________________________________________ 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 locatt ____________ ______________________________________________________________ do hereby make and appoint ________________________________________ ("Agent") maintaining an address at: _________________onsibilities of an agent. -3- LIMITED POWER OF ATTORNEY FOR PURCHASE OF REAL ESTATE KNOW ALL PERSONS BY THESE PRESENTS: I, ____________________________________ ("Principal") maintaining an address atain 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 the fiduciary and other legal respcessary 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 any questions about these powers, obfore signing this document, consider its consequences. You ("Principal") are providing another person ("Agent") with the power to purchase certain real estate on your behalf and to take all actions nemation that is not state specific. Whenever appropriate, the instructions included with the forms packages offered for sale, generally include state specific instructions. -2- CAUTION! PRINCIPAL: Bee 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, this information is general inforer 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 Attorney for Purchase of Real Estator 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 challenge the validity of the Limited Powyone 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 time. The Limited Power of Attorney f 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 not need to be a lawyer. Almost anediately 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 the Principal revokes theor "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 particular form becomes effective immon personally. A Limited Power of Attorney for Purchase of Real Estate allows a "mentally" competent natural person (called the "Principal" or "Grantor") to authorize someone else (called the "Agent" er 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 be available to handle the transactio 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 it may be necessary to appoint anothd should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document with another party. [_] The purchase and use of these forms is subject td 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 only be a starting point for you anal 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 careful in the selection of the Agent an witnesses sign the Power of Attorney. The witnesses should be adults. Generally, anyone related by blood or marriage to the Principal, the Agent or the Notary should not be a witness. [_] The Principzation will allow the Limited Power of Attorney for Purchase of Real Estate to be recorded as a public record, if necessary. [_] Although not always required, it is always a good idea to also have twoincipal 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. Notaricomes 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 the Prormation 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 Estate beInstructions & Checklist 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; (2) Inf Maryland