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Oklahoma ______________ Signature of person taking acknowledgment (Notary Public) ________________________________________________ Name typed, printed, or stamped -2- ghteen (18) years of age or over, and that neither of them is related to the principal by blood or marriage, or related to the attorney-in-fact by blood or marriage. __________________________________incipal has willingly and voluntarily made and executed it as the free act and deed of the principal for the purposes expressed in the document, and the witnesses declared to me that they were each eiersons being by me duly sworn, the principal declared to me and to the witnesses in my presence that the instrument is his or her Limited Power of Attorney for Purchase of Real Estate, and that the pr ___________________________________ (Witness), and ___________________________________ (Witness), whose names are signed to the foregoing instrument in their respective capacities, and all of these pOMA ) ) ss County of ________________________ ) Before me, the undersigned authority, on this ______day of _________________, ______, personally appeared _________________________________ (principal),________ City: ____________________________________ State: ___________________________________ * witnesses may not be under 18 or related by blood or marriage to the Principal or Agent State of OKLAH___________________________________ City: ____________________________________ State: ___________________________________ Witness Signature*: ________________________ Name: ___________________________is document, and that he or she has willingly made and executed it as his or her free and voluntary act for the purposes expressed in this document. Witness Signature*: ________________________ Name: The principal has declared to me that this instrument is his or her Limited Power of Attorney for Purchase of Real Estate granting to the named attorney-in-fact the power and authority specified in thI believe the principal to be of sound mind. I am eighteen (18) years of age or older. I am not related to the principal by blood or marriage, or related to the attorney-in-fact by blood or marriage. notice to my Agent. Signed on ________________ (date), at _______________________ (city), Oklahoma. ________________________________ Signature of Principal The principal is personally known to me and iduciary 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 he 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 be liable for breach of fion 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 claims that arise against taffected 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. Revocatay 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 law, then the remaining uny 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 Power of Attorney. Agent mcument, whichever 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 m 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 upon my revocation of this doAttorney 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 document shall remain in fullete 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 granted. This Limited Power of kers, 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 and appropriate to compl include the right to complete and execute any and all documents, instruments, warranties, releases, mortgages, applications or deeds necessary for such transaction, retain lawyers, accountants or bro_________ __________________________________________________________________________________ __________________________________________________________________________________ This limited power shallption or attach exhibit and write "see attached exhibit"): ___________________________________________________________________ _________________________________________________________________________ate located at: _________________________________ __________________________________________________________________________________ (Address of property) and legally described as (insert legal descri_________________________________________________________ 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 estaddress at ____________ ______________________________________________________________ do hereby make and appoint ________________________________________ ("Agent") maintaining an address at: ________egal responsibilities of an agent. -3- LIMITED POWER OF ATTORNEY FOR PURCHASE OF REAL ESTATE KNOW ALL PERSONS BY THESE PRESENTS: I, ____________________________________ ("Principal") maintaining an owers, 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 the fiduciary and other lctions 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 any questions about these pCIPAL: Before 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 aral information that is not state specific. Whenever appropriate, the instructions included with the forms packages offered for sale, generally include state specific instructions. -2- CAUTION! PRINeal 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, this information is genemited 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 Attorney for Purchase of Rttorney 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 challenge the validity of the LiAlmost 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 time. The Limited Power of Avokes 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 not need to be a lawyer. ctive 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 Principal re "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 particular form becomes effetransaction 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 theint 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 be available to handle the 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 it may be necessary to appoor 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 and use of these forms is 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 only be a starting point fe 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 careful in the selection of the have two 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. [_] Thy. Notarization 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 alsoif 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 NotarEstate 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) ; (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 Instructions & Checklist Oklahoma 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 Oklahoma