First American Title Company

411 East Betteravia Road, Suite 100

Santa Maria, CA 93454
(805)922-5861
Fax - (866)587-7532

VESTING INSTRUCTION AND AMENDMENT

RE: 1527-1529 Stowell Center Plaza, Santa Maria, CA Escrow No.: 4204-3551398 (JW)
93458

NOTE: Please indicate your choice by checking the appropriate selection. Please fill in the blanks completely
and print names exactly as they should appear on all documents and as you will be signing your name.

PURSUANT TO THE ABOVE REFERENCED ESCROW, ESCROW HOLDER IS INSTRUCTED TO REFLECT

MY/OUR NAME(S) AND VESTING AS FOLLOWS:

1. [ ] SPOUSES* (Print names and marital status, e.g. "husband and wife", "wife and husband", "spouses", "who are married to each other",
etc. exactly as they should appear on documents including loan documents)

__________________________________________________________________________________________AND

______________________________________________________________________________________________

2. [ ] REGISTERED DOMESTIC PARTNERS* (Print names exactly as they should appear on documents including loan documents)

__________________________________________________________________________________________AND

______________________________________________________________________________________________

*If you have selected either option 1 or 2 above, please also select one of the following options:

A. ( ) As Joint Tenants
B. ( ) As Community Property
C. ( ) As Community Property with right of survivorship
D. ( ) As Tenants in Common each as to an undivided ______% interest - percentage or
fraction (i.e., 1/2 or 50%)
E. ( ) Other, please specify___________________________________________________

3. [ ] MARRIED MAN -AS HIS SOLE AND SEPARATE PROPERTY

[ ] MARRIED WOMAN -AS HER SOLE AND SEPARATE PROPERTY
[ ] REGISTERED DOMESTIC -AS HIS/HER SOLE AND SEPARATE PROPERTY
PARTNER

__________________________________________________________________________________________
Print Name exactly as it should appear on documents, including loan documents

PLEASE INDICATE THE FULL NAME OF THE SPOUSE OR DOMESTIC PARTNER FOR PREPARATION OF DEED:

___________________________________________________________________________________________

Page 1 of 3
4. [ ] INDIVIDUAL (Print names exactly as they should appear on documents including loan documents)

__________________________________________________________________________________________

A. ( ) A SINGLE MAN (never married) D. ( ) A SINGLE WOMAN (never married)

B. ( ) A WIDOWER (wife is deceased) E. ( ) A WIDOW (husband is deceased)
C. ( ) AN UNMARRIED MAN (divorced) F. ( ) AN UNMARRIED WOMAN (divorced)

AND ______________________________________________________________________________________

A. ( ) A SINGLE MAN (never married) D. ( ) A SINGLE WOMAN (never married)

B. ( ) A WIDOWER (wife is deceased) E. ( ) A WIDOW (husband is deceased)
C. ( ) AN UNMARRIED MAN (divorced) F. ( ) AN UNMARRIED WOMAN (divorced)

* If Option 4 above is selected and there is more than one individual please select one of the
following:

A. ( ) As Joint Tenants
B. ( ) As Tenants in Common each as to an undivided ______% interest - percentage or
fraction (i.e., 1/2 or 50%)
C. ( ) Other, please specify___________________________________________________

5. [ ] TRUST (Please confirm with your lender if they will make a loan to the trust prior to completing this form)

________________________________________ and _____________________________________,

(Name of Trustee) (Name of Trustee)

________________________________________ dated ________________________________

(Name of Trust) (Date of Trust)

HOW YOU HOLD TITLE TO YOUR PROPERTY CAN HAVE SERIOUS TAX CONSEQUENCES. IT IS
STRONGLY RECOMMENDED THAT YOU SEEK TAX AND/OR LEGAL COUNSEL WHEN COMPLETING
THIS FORM.

____________________________________ ____________________________________
Ray L. Olivares Leticia C. Olivares

____________________________________ ____________________________________
Jesus M. Lopez Gloria C. Lopez

____________________________________ ____________________________________
Salbador Olivares Maria E. Olivares

____________________________________
Paul Olivares

Page 2 of 3
 First American Title Insurance Company
COMMON WAYS TO TAKE TITLE TO
CALIFORNIA RESIDENTIAL REAL PROPERTY
COMMUNITY PROPERTY
TENANCY IN COMMUNITY
JOINT TENANCY WITH RIGHT OF
COMMON PROPERTY
SURVIVORSHIP
Parties Two or more Persons1 (may be Two or more Natural Persons (may be Spouses or domestic partners. Spouses or domestic partners.
spouses or domestic partners2). spouses or domestic partners).
Ownership can be divided into Ownership interests must be equal Ownership interests must be equal. Ownership interests must be equal.
Division any number of interests, equal
or unequal.
One or more conveyances (Law Single conveyance (creating identical Single conveyance or presumption from Single conveyance Vesting must specify
Creation presumes interests are equal if interests). Vesting must specify joint marriage or domestic partnership. community property with right of
not otherwise specified.) tenancy. survivorship.
Possession and
Equal. Equal. Equal. Equal.
Control
Each co-owner may transfer or Each co-owner may transfer his/her Both spouses or domestic partners must Both spouses or domestic partners must
Transferability mortgage their interest interest separately but tenancy in consent to transfer or mortgage. consent to transfer or mortgage.
separately.3 common results.3 & 4

Unless married or domestic Co-owner’s interest not subject to Entire property subject to forced sale to Entire property subject to forced sale to

Page 3 of 3
Liens against partners, co-owner’s interest liens of other debtor/owner but forced satisfy debt of either spouse or domestic satisfy debt of either spouse or domestic
not subject to liens of other sale can occur if prior to co- partner. partner.
One Owner debtor/owner but forced sale owner’s/debtor’s death.
can occur.

Death of Decedent’s interest passes to Decedent’s interest automatically Decedent’s ½ interest passes to surviving Decedent’s ½ interest automatically
his/her heirs by will or passes to surviving joint tenant spouse or domestic partner unless passes to surviving spouse or domestic
Co-Owner intestacy. (“Right of Survivorship”). otherwise devised by will. partner due to Right of Survivorship.

Possible Co-Owner interest may be Right of Survivorship (avoids Qualified survivorship rights. Mutual Right of Survivorship. Mutual consent
advantages/ separately transferable. probate). May have tax disadvantages consent required for transfer. Surviving required for transfer. Surviving spouse or
for spouses. spouse or domestic partner may have tax domestic partner may have tax
Disadvantages advantage. advantage.

1. “Persons” includes a natural person as well as a validly form corporation, limited liability company or general partnership. Trust property is vested in the trustee (usually a natural person or corporation).
2. For domestic partners meeting California statutory requirements, benefits are same as community property except certain tax benefits may not be available. Note: Two unrelated persons who are either (a)
same sex, or (b) opposite sex if they meet age or disability requirements, may be domestic partners provided that they are not married or in a domestic partnership and comply with other
statutory requirements.
3. Transfers by married persons or domestic partners may require a quitclaim deed from spouse/partner for title insurance purposes.
4. If co-owners are married or domestic partners, property may be subject to legal presumption of “community property” requiring consent of both spouses/partners to convey or encumber title
notwithstanding vesting as “joint tenancy.”
THE FOREGOING IS PROVIDED FOR GENERAL INFORMATION ONLY. FOR QUESTIONS OR FINANCIAL, TAX OR ESTATE PLANNING,
WE SUGGEST YOU CONTACT AN ATTORNEY OR CERTIFIED PUBLIC ACCOUNTANT.
Form No. 7400 (1/05)
©2005 First American Title Insurance Company