Fill and Sign the Statutory Short Form Power of Attorney for Property Form

ILLINOIS STATUTORY SHORT FORM POWER OF ATTORNEY FOR PROPERTY 1. I, ______________________ (insert name and address of principal) hereby revoke all prior powers of attorney for property executed by me and appoint: ______________________(insert name and address of agent) (NOTE: You may not name co-agents using this form.) as my attorney-in-fact (my "agent") to act for me and in my name (in any way I could act in person) with respect to the following powers, as defined in Section 3-4 of the "Statutory Short Form Power of Attorney for Property Law" (including all amendments), but subject to any limitations on or additions to the specified powers inserted in paragraph 2 or 3 below: (NOTE: You must strike out any one or more of the following categories of powers you do not want your agent to have. Failure to strike the title of any category will cause the powers described in that category to be granted to the agent. To strike out a category you must draw a line through the title of that category.) (a) Real estate transactions. (b) Financial institution transactions. (c) Stock and bond transactions. (d) Tangible personal property transactions. (e) Safe deposit box transactions. (f) Insurance and annuity transactions. (g) Retirement plan transactions. (h) Social Security, employment and military service benefits. (i) Tax matters. (j) Claims and litigation. (k) Commodity and option transactions. (l) Business operations. (m) Borrowing transactions. (n) Estate transactions. (o) All other property transactions. (NOTE: Limitations on and additions to the agent's powers may be included in this power of attorney if they are specifically described below.) 2. The powers granted above shall not include the following powers or shall be modified or limited in the following particulars: (NOTE: Here you may include any specific limitations you deem appropriate, such as a prohibition or conditions on the sale of particular stock or real estate or special rules on borrowing by the agent.) ______________________
(a) the power to acquire, sell, assign or transfer any interest in any real property; (b) the power to acquire, sell, assign or transfer any right, title, interest or interest in any other interest in any real property; (c) the power to enter into contracts under section 1-1 (e)(1); (d) the power to establish a trust under section 1-1 (e)(2); (e) the power to establish a trust under section 4-201 (j); (f) the power to execute a deed or document in any other matter not expressly granted under this section; (g) any liability or security that is created by such powers, including a power to indemnify the agent, to hold property or other funds for the agent, in any way other than as permitted by the terms of such powers and the terms of the trust created under such powers, to sell or transfer property that is not the agent's real property after the date such rights are created, to sell or otherwise dispose of property that is not the agent's real property at any time after the date such property is sold or transferred, to receive or hold any monies deposited by or under the authority of another to be held and used by or for the agent only for property that is not the agent's real property after the date the monies are received or deposited, or to pay out any monies in a lump sum or in periodic installments; (h) any obligations to pay in advance any payments that are payable by reason of the powers granted. 3. If you do not withdraw from or amend the written power of attorney for property signed by you (or an agent authorized by you) prior to the date it expires, (the power will be deemed to have expired on the date the agent or any other person designated as your agent signs the power), then and in accordance with section 15-101, any person who has a bona fide intention to become an owner of real property by reason of a power granted herein (including any person or other organization entitled to a security interest in the property) may proceed as a sole owner in good faith to register the person's interest in real property, and to take title to the property on the following terms and conditions: (1) the property shall be registered in the names and with the proper records, title insurance and taxes shall be taken and paid for and a trust deed executed in the names of the applicant and the named co-agents may issue or be in force for.