Common use of Natural Hazard Disclosure Clause in Contracts

Natural Hazard Disclosure. Buyer and Seller acknowledge that Seller is required to disclose if any of the Property lies within the following natural hazard areas or zones: (i) a special flood hazard area designated by the Federal Emergency Management Agency; (ii) an area of potential flooding; (iii) a very high fire hazard severity zone; (iv) a wild land area that may contain substantial forest fire risks and hazards; (v) an earthquake fault or special studies zone; or (vi) a seismic hazard zone. Buyer and Seller acknowledge that they have employed the services of JCP-LGS or First American Natural Hazard Disclosures (“Natural Hazard Expert”) to examine the maps and other information specifically made available to the public by government agencies for the purposes of enabling Seller to fulfill its disclosure obligations with respect to the natural hazards referred to above and to report the results of its examination to Buyer and Seller in writing. The written report prepared by the Natural Hazard Expert regarding the results of its examination fully and completely discharges Seller from its disclosure obligations referred to herein, and, for the purposes of this Agreement, the provisions of Civil Code Section 1103.4 regarding the non-liability of Seller for errors and/or omissions not within its personal knowledge shall be deemed to apply, and the Natural Hazard Expert shall be deemed to be an expert dealing with matters within the scope of its expertise with respect to the examination and written report regarding the natural hazards referred to above.

Natural Hazard Disclosure. Buyer and Seller acknowledge that Seller is may be required under California law to disclose if any of the Property lies within the following natural hazard areas or zones: (ia) a special flood hazard area designated by the Federal Emergency Management Agency; (iib) an area of potential flooding; (iiic) a very high fire hazard severity zone; (ivd) a wild land area that may contain substantial forest fire risks and hazards; (ve) an earthquake fault or special studies zone; or (vif) a seismic hazard zone. Buyer and acknowledges that Seller acknowledge that they have employed will employ the services of JCP-LGS the Title Company or First American Natural Hazard Disclosures another third party selected by Seller (“Natural Hazard Expert”) to examine the maps and other information specifically made available to the public by government agencies for the purposes of enabling Seller to fulfill its Seller’s disclosure obligations with respect to the natural hazards referred to above obligations, and to report the results result of its the Natural Hazard Expert’s examination to Buyer and Seller in writing. The written report reports prepared by the Natural Hazard Expert regarding the results of its the Natural Hazard Expert’s examination fully and completely discharges Seller from its Seller’s disclosure obligations referred to herein, if and to the extent any such obligations exist, and, for the purposes purpose of this Agreement, the provisions of Civil Code Section 1103.4 regarding the non-non- liability of Seller for errors and/or or omissions not within its Seller’s personal knowledge shall be deemed to apply, apply and the Natural Hazard Expert shall be deemed to be an expert expert, dealing with matters within the scope of its the Natural Hazard Expert’s expertise with respect to the examination and written report regarding the natural hazards referred to above.

Natural Hazard Disclosure. Buyer and Because Seller acknowledge that Seller is may be required to disclose if any of the Real Property lies within the following natural hazard areas or zones: (i) a special flood hazard area designated by the Federal Emergency Management AgencyAgency (California Civil Code Section 1102.17); (ii) an area of potential floodingflooding (California Government Code Section 8589.4); (iii) a very high fire hazard severity zonezone (California Government Code Section 51183.5); (iv) a wild land area that may contain substantial forest fire risks and hazardshazards (Public Resources Code Section 4136); (v) an earthquake fault or special studies zonezone (Public Resources Code Section 2621.9); or (vi) a seismic hazard zone. Buyer and zone (Public Resources Code Section 2694), Seller acknowledge that they have employed has engaged or will engage the services of JCP-LGS or First American Natural Hazard Disclosures Escrow Holder (which, in such capacity, is herein called “Natural Hazard Expert”“) to examine the maps and other information specifically made available to the public by government agencies for the purposes of enabling Seller to fulfill its disclosure obligations, if and to the extent such obligations exist, with respect to the natural hazards referred to above in California Civil Code Section 1102.6c(a) and to report the results result of its examination to Buyer and Seller in writing. The written report prepared by the Natural Hazard Expert regarding the results of its full examination fully and completely discharges Seller from its disclosure obligations referred to herein, if and to the extent any such obligations exist, and, for the purposes purpose of this Agreement, the provisions of Civil Code Section 1103.4 1102.4 regarding the non-liability of Seller for errors and/or or omissions not within its personal knowledge shall be deemed to apply, apply and the Natural Hazard Expert shall be deemed to be an expert expert, dealing with matters within the scope of its expertise with respect to the examination and written report regarding the natural hazards referred to above.

Natural Hazard Disclosure. Buyer and Seller acknowledge that Seller is required to disclose if any of the Property Land lies within the following natural hazard areas or zones: (i) a special flood hazard area designated by the Federal Emergency Management Agency; (ii) an area of potential flooding; (iii) a very high fire hazard severity zone; (iv) a wild land area that may contain substantial forest fire risks and hazards; (v) an earthquake fault or special studies zone; or (vi) a seismic hazard zone. Buyer and Seller acknowledge that they have Seller has employed the services of JCP-LGS Disclosure Source (or First American Natural Hazard Disclosures its affiliate) or another company selected by Seller (“"Natural Hazard Expert”") to examine the maps and other information specifically made available to the public by government agencies Governing Agencies for the purposes of enabling Seller to fulfill its disclosure obligations with respect to the natural hazards referred to above and to report the results of its examination to Buyer and Seller in writing. The written report prepared by the Natural Hazard Expert regarding the results of its examination fully and completely discharges Seller from its disclosure obligations referred to herein, and, for the purposes of this Agreement, the provisions of Civil Code Section 1103.4 regarding the non-liability of Seller for errors and/or omissions not within its personal knowledge shall be deemed to apply, and the Natural Hazard Expert shall be deemed to be an expert dealing with matters within the scope of its expertise with respect to the examination and written report regarding the natural hazards referred to above.

Natural Hazard Disclosure. Buyer Purchaser and Seller acknowledge that Seller is may be required to disclose if any of the Property lies properties located in California lie within the following natural hazard areas or zones: (i) a special flood hazard area designated by the Federal Emergency Management AgencyAgency (California Government Code Section 8589.3); (ii) an area of potential floodingflooding (California Government Code Section 8589.4); (iii) a very high fire hazard severity zonezone (California Government Code Section 51183.5); (iv) a wild land wildland area that may contain substantial forest fire risks and hazardshazards (California Public Resources Code Section 4136); (v) an earthquake fault or special studies zonezone (California Public Resources Code Section 2621.9); or (vi) a seismic hazard zonezone (California Public Resources Code Section 2694). Buyer and Purchaser acknowledges that Seller acknowledge that they have employed will employ the services of JCP-LGS or First American Natural Hazard Disclosures a natural hazard expert (“Natural Hazard Expert”) to examine the maps and other information specifically made available to the public by government agencies for the purposes of enabling Seller to fulfill its disclosure obligations with respect to the natural hazards referred to above and to report the results of its examination to Buyer and Seller Purchaser in writing. The written report prepared by the Natural Hazard Expert regarding the results of its examination fully and completely discharges Seller from its disclosure obligations referred to herein, and, for the purposes of this Agreement, the provisions of Civil Code Section 1103.4 regarding the non-liability of Seller for errors and/or omissions not within its personal knowledge shall be deemed to apply, and the Natural Hazard Expert shall be deemed to be an expert dealing with matters within the scope of its expertise with respect to the examination and written report regarding the natural hazards referred to above.

Natural Hazard Disclosure. Buyer and Seller acknowledge that Seller is may be required under California law to disclose if any of the Property lies within the following natural hazard areas or zones: (ia) a special flood hazard area designated by the Federal Emergency Management Agency; (iib) an area of potential flooding; (iiic) a very high fire hazard severity zone; (ivd) a wild land area that may contain substantial forest fire risks and hazards; (ve) an earthquake fault or special studies zone; or (vif) a seismic hazard zone. Buyer and acknowledges that Seller acknowledge that they have employed will employ the services of JCP-LGS Disclosure Source, the Title Company or First American Natural Hazard Disclosures another third party selected by Seller (“Natural Hazard Expert”) to examine the maps and other information specifically made available to the public by government agencies for the purposes of enabling Seller to fulfill its Seller’s disclosure obligations with respect to the natural hazards referred to above obligations, and to report the results result of its the Natural Hazard Expert’s examination to Buyer and Seller in writing. The written report reports prepared by the Natural Hazard Expert regarding the results of its the Natural Hazard Expert’s examination fully and completely discharges Seller from its Seller’s disclosure obligations referred to herein, if and to the extent any such obligations exist, and, for the purposes purpose of this Agreement, the provisions of Civil Code Section 1103.4 regarding the non-liability of Seller for errors and/or or omissions not within its Seller’s personal knowledge shall be deemed to apply, apply and the Natural Hazard Expert shall be deemed to be an expert expert, dealing with matters within the scope of its the Natural Hazard Expert’s expertise with respect to the examination and written report regarding the natural hazards referred to above.