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Fill and Sign the Special or Limited Power of Attorney for Real Estate Sales Transaction by Seller Illinois Form

Fill and Sign the Special or Limited Power of Attorney for Real Estate Sales Transaction by Seller Illinois Form

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This instrument was prepared by: Send Tax Notice to:             (Name) (Name)             (Street Address) (Street Address)             (City, County, State, Zip Code) (City, County, State, Zip Code) SPECIAL POWER OF ATTORNEY FOR CLOSING REAL ESTATE TRANSACTION (Agent for Seller) STATE OF ILLINOIS COUNTY OF ________________ KNOW ALL MEN BY THESE PRESENT, THAT I       , (Name of Principal) whose address is       , (Street Address, City, State, Zip Code) desiring to execute a SPECIAL POWER OF ATTORNEY, hereby appoint,       of       , (Name of Agent) (Street Address)       , as my Attorney-in-Fact (City, County, State, Zip Code) to act as follows, GRANTING unto my Attorney-in-Fact full power to: To do all things necessary to close on the sale of the property described below, commonly known as __________________________________ (address), with full power and authority for me and in my name to execute any and all documents necessary to effect the sale, conveyance and settlement on said property to any person or persons of his choosing, including but not limited to, deeds, checks, receipts, releases, warranties, affidavits, contracts, addenda, settlement statements, loan commitments and disclosure Special Power of Attorney Page 1 of 4 statements, truth-in-lending statements, all forms of commercial papers, endorsements to checks, or the like, and any such other instrument or instruments in writing of whatever kind, character and nature as may be necessary to complete the sale, financing arrangements, and the settlement process . FURTHER GRANTING full power and authority to collect and receive any funds or proceeds of said sale in any manner which, in his sole discretion, he sees fit. The legal description of the property is as follows, to-wit: See legal description attached hereto as Exhibit A and incorporated herein for all purposes. Legal Description:       I hereby ratify and confirm all that said attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. All acts done by means of this power shall be done in my name, and all instruments and documents executed by my Attorney hereunder shall contain my name, followed by that of my attorney and the description "Attorney-in-Fact", excepting however any situation where local practice differs from the procedure set forth herein, in that event local practice may be followed. This SPECIAL POWER OF ATTORNEY shall be valid and may be relied upon by any third parties until such time as any revocation is recorded in the recorder's office of the recording district initially set forth above. DATED:       Signature of Principal       Type/Print Name State of Illinois, County of       The foregoing instrument was acknowledged before me this       (date), by       (name of person acknowledged). In Witness Whereof, I have hereunto set my hand and seal the day and year before written. Notary Public Special Power of Attorney Page 2 of 4 My commission expires:             Type or Print Name ATTESTATION The hereinafter named Witnesses, each declare under penalty of perjury under the laws of the State of Illinois, that the principal is personally known to us, that the principal signed and acknowledged this special power of attorney in our presence, that the principal appears to be of sound mind and under no duress, fraud or undue influence, that we are not the person appointed as attorney-in-fact by this document and that we witnessed this power of attorney in the presence of the principal. We are not related to the principal by blood, marriage or adoption, and to the best of our knowledge, are not entitled to any part of the estate of the principal upon the death of the principal under a will now existing or by operation of law. Witnesses: (Signature) (Signature)             (Print or Type Name) (Print or Type Name)             (Street Address) (Street Address)             (City, State and Zip Code) (City, State and Zip Code) Special Power of Attorney Page 3 of 4 NOTICE TO AGENT When you accept the authority granted under this power of attorney a special legal relationship, known as agency, is created between you and the principal. Agency imposes upon you duties that continue until you resign or the power of attorney is terminated or revoked. As agent you must: (1) do what you know the principal reasonably expects you to do with the principal's property; (2) act in good faith for the best interest of the principal, using due care, competence, and diligence; (3) keep a complete and detailed record of all receipts, disbursements, and significant actions conducted for the principal; (4) attempt to preserve the principal's estate plan, to the extent actually known by the agent, if preserving the plan is consistent with the principal's best interest; and (5) cooperate with a person who has authority to make health care decisions for the principal to carry out the principal's reasonable expectations to the extent actually in the principal's best interest. As agent you must not do any of the following: (1) act so as to create a conflict of interest that is inconsistent with the other principles in this Notice to Agent; (2) do any act beyond the authority granted in this power of attorney; (3) commingle the principal's funds with your funds; (4) borrow funds or other property from the principal, unless otherwise authorized; (5) continue acting on behalf of the principal if you learn of any event that terminates this power of attorney or your authority under this power of attorney, such as the death of the principal, your legal separation from the principal, or the dissolution of your marriage to the principal. If you have special skills or expertise, you must use those special skills and expertise when acting for the principal. You must disclose your identity as an agent whenever you act for the principal by writing or printing the name of the principal and signing your own name "as Agent" in the following manner: "(Principal's Name) by (Your Name) as Agent" The meaning of the powers granted to you is contained in Section 3 - 4 of the Illinois Power of Attorney Act, which is incorporated by reference into the body of the power of attorney for property document. If you violate your duties as agent or act outside the authority granted to you, you may be liable for any damages, including attorney's fees and costs, caused by your violation. If there is anything about this document or your duties that you do not understand, you should seek legal advice from an attorney. Special Power of Attorney Page 4 of 4 EXHIBIT A Principal:       Agent:       Legal Description:       Special Power of Attorney Exhibit A

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