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1630 & 1638 Brumlow Ave., 2020 - Notice of Settlement Agent Responsibility 0OTICOF SETTLEMENT AGENT E RESPONSIBILITY Stephanie Klearn, Escrow Officer Date: June 3, 2020 Fidelity National Title Agency, Inc. Escrow No.: 9001182000222SLK 850 E State Hwy 114, #200 Seller(s): Balla C. Wright Southlake, TX 76092 Buyer(s): The City of Southlake Phone: (817)442-1111 Fax: (817)442-9997 Property: 1630 and 1638 Brumlow Ave Southlake, TX 76092 The Foreign Investment in Real Property Tax Act (FIRPTA), Title 26 U.S.C., Section 1445, and the regulations there under, provide in part, that a transferee (buyer) of a U.S, real property interest from a foreign person must withhold a statutory percentage of the amount realized on the disposition, report the transaction and remit the withholding to the Internal Revenue Service (IRS) within twenty (20) days after the transfer. Fidelity National Title Agency, Inc. will not determine nor aid in the determination of whether the FIRPTA withholding provisions are applicable to the subject transaction, nor act as a Qualified Substitute under state or federal law, nor furnish tax advice to any party to the transaction, Fidelity National Title Agency, Inc. will not determine nor aid in the determination of whether the transaction will qualify for an exception or an exemption and is not responsible for the filing of any tax forms with the IRS as they relate to FIRPTA, nor responsible for collecting and holding of any documentation from the buyer or seller on the buyer's behalf for the purpose of supporting a claim of an exception or exemption. Fidelity National Title Agency, Inc. is not an agent for the buyer for the purposes of receiving and analyzing any evidence or documentation that the seller in the subject transaction is a U.S. citizen or resident alien. Fidelity National Title Agency, Inc, is not responsible for the payment of this tax and/or penalty and/or interest incurred in connection therewith and such taxes are not a matter covered by the Owner's Policy of Title Insurance to be issued to the buyer. Fidelity National Title Agency, Inc. is not responsible for the completion of any IRS documents or related forms related to the referenced statute. The buyer is advised: they must independently make a determination of whether the contemplated transaction is subject to the withholding requirement; bear full responsibility for compliance with the withholding requirement if applicable and/or for payment of any tax, interest, penalties and/or other expenses that may be due on the Subject transaction; and they are responsible for the completion of any and all forms, including but not limited to applicable IRS documentation, and the mailing of those forms. The Buyer is advised any forms, clocurnents, or information received from Fidelity National Title Agency, Inc, is not tax or legal advice and Should not be construed as such nor treated as a complete representation of FIRPTA requirements. Buyer should seek outside Counsel from a qualified individual to determine any and: all implications of the referenced statute, IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below, PURCHASER(S): The City Southlake BY: Date Notice of Senlemenl Agent Resporisibhty Pruited 06.03.20(ra 09:36 PM by LNG SSCORPD5500.doc( Jpdated 10.25.17 Page 1 TX-FT-FDLL-03071 594699-9001182000222