Real Estate Corporate Resolution

REAL ESTATE CORPORATE RESOLUTION

Corporation Name:   State of Incorporation:

Principal Office Address:

MEETING / AUTHORIZATION

A meeting of the Board of Directors of the Corporation was duly called and held on at . The undersigned Secretary hereby certifies that a quorum was present and that the following resolution was duly adopted by .

RECITALS

WHEREAS, the Corporation desires to acquire, lease, encumber, or otherwise deal with real property for corporate purposes; and WHEREAS, the Board finds that such transaction is in the best interest of the Corporation.

Type of Transaction (select all that apply): Purchase Lease Mortgage / Encumber Other  If Other, describe:

PROPERTY IDENTIFICATION

TRANSACTION TERMS

Purchase Price / Lease Consideration: $   Earnest Money / Deposit: $

Escrow / Closing Agent:   Closing Date:

Possession Date:   Financing Contingency: Applicable   Inspection Period (days):

DISCLOSURES

Lead-Based Paint Disclosure: Yes No   Mold or Water Damage Disclosure: Yes No   Prior Structural Damage or Repair: Yes No

RESOLUTIONS

RESOLVED, that the Corporation is authorized to enter into and to perform its obligations under a Purchase Agreement, Lease, Promissory Note, Deed of Trust, Mortgage, Security Agreement or such other instruments as may be necessary or desirable in connection with the Transaction described above.

FURTHER RESOLVED, that the following individual is hereby authorized, empowered and directed, on behalf of the Corporation, to negotiate, execute, deliver, acknowledge and record, and to take all actions necessary or advisable to consummate the Transaction and any related agreements:

The Authorized Officer is empowered, without further approval, to: (a) execute and deliver any purchase agreement, lease, promissory notes, deeds of trust, mortgages, assignments, escrow instructions, closing statements and other documents; (b) deposit or accept earnest money and apply same to closing; (c) obtain financing and execute loan documents and security instruments; and (d) retain such brokers, attorneys, accountants and other advisors as the Authorized Officer deems appropriate.

FURTHER RESOLVED, that the acts of the Authorized Officer in connection with the Transaction taken prior to the date of this resolution are hereby ratified, confirmed and approved in all respects.

DEFAULT, REMEDIES AND GOVERNING LAW

In the event of default under any agreement executed pursuant to this Resolution, the Corporation may exercise all rights and remedies available at law or equity, including specific performance, damages and foreclosure where applicable. This Resolution and any documents executed pursuant hereto shall be governed by the laws of the State of .

This Resolution constitutes the entire corporate action and supersedes prior inconsistent authorizations relating to the subject matter hereof.

CERTIFICATION BY SECRETARY

I, the undersigned, hereby certify that I am the duly elected and acting Secretary of the Corporation named above; that the foregoing is a true and correct copy of a resolution duly adopted at a meeting of the Board of Directors held on ; that the resolution has not been modified or rescinded and remains in full force and effect; and that the actions authorized herein are within the Corporation's powers.

ADDITIONAL AUTHORIZATIONS

The Authorized Officer is expressly authorized to: (a) execute amendments, extensions and notices with terms not materially adverse to the Corporation; (b) incur and pay ordinary closing costs, prorations and fees; and (c) deliver and accept instruments of conveyance and recordation as necessary to effectuate the Transaction.

Effective Date of Resolution:

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