f0o8<\/p>\n
THIRD LAGUNA HILLS<\/p>\n
M<\/p>\n
u<\/p>\n
T<\/p>\n
u<\/p>\n
A<\/p>\n
L<\/p>\n
Dear Real Estate\/Escrow Professional:<\/p>\n
Thank you for your interest in transacting a resale transfer in the Laguna Woods Village Community.<\/p>\n
Before you get started, we would like to summarize key points that will guide you through this<\/p>\n
process.<\/p>\n
1<\/p>\n
The Community is made up of three housing corporations:<\/p>\n
a. United Laguna Woods Mutual (stock co-operatives)<\/p>\n
b. Third Laguna Hills Mutual (condominiums)<\/p>\n
c. Laguna Woods Mutual No. Fifty (high-rise condominiums)<\/p>\n
Purchasing property in the community requires applying for membership in the housing<\/p>\n
corporation and certain criteria must be met:<\/p>\n
a<\/p>\n
Age restrictions: To purchase a property, you must be of legal age; however, in order<\/p>\n
to reside at least one of the members must be 55 years of age or older; any other<\/p>\n
members who reside must be at least 45 years of age, except a spouse, who may be<\/p>\n
any age. A disabled child\/grandchild may reside under certain conditions (Section<\/p>\n
51.3 of the California Civil Code).<\/p>\n
Financial qualifications: Please refer to the Financial Qualifications Policy found on the<\/p>\n
Laguna Woods Village website under Sales.<\/p>\n
Maximum number of owner-occupied and\/or leased units: Regardless of the number of<\/p>\n
condominiums owned in Third Mutual, only two of the properties owned may be<\/p>\n
occupied.<\/p>\n
Architectural modifications: Any interior or exterior modification requires a phone<\/p>\n
call to the Manor Alterations Department office 949-597-4616 before commencement<\/p>\n
of any project.<\/p>\n
Step 1<\/p>\n
The listing agent schedules a First Inspection by submitting the First and Final Inspection<\/p>\n
Report Request form (found in this resale packet) before, or as soon as the property is<\/p>\n
listed. This report is a required part of the completed packet.<\/p>\n
3<\/p>\n
Only complete form submittals shall be accepted. Failure to provide accurate<\/p>\n
contact information for the inspection can delay the escrow process.<\/p>\n
\u00b0<\/p>\n
Allow at least 10 business days for the completion of the First Inspection.<\/p>\n
Step 2<\/p>\n
The HOA disclosure documents can be ordered via https:\/\/www.homewisedocs.com.<\/p>\n
Step 3<\/p>\n
A complete resale package, including the completed First Inspection Report, must<\/p>\n
be submitted by escrow to the on-site management office for processing and submittal<\/p>\n
to the Third Laguna Hills Mutual Board of Directors. (Only printed hard copies will be<\/p>\n
accepted. Resale packages that are emailed will not be accepted).<\/p>\n
Step 4<\/p>\n
Upon board approval, the management company emails a notice of approval and escrow<\/p>\n
demand to the escrow company, contingent upon the mutual completing a final inspection<\/p>\n
and the escrow company satisfying the escrow demand.<\/p>\n
Page | 1<\/p>\n
Rev 1-1-2026
\nStep 5:<\/p>\n
After the final inspection is complete and the escrow demand is satisfied, escrow can<\/p>\n
close. Escrow shall email the closing notice to the management company. New<\/p>\n
residents are not allowed through the gate until the closing is received and entered<\/p>\n
into the main database. Resident ID cards can be obtained following VMS receipt of<\/p>\n
notice of escrow closing and database update.<\/p>\n
A complete resale submittal form package is attached for your use. The information escrow provides<\/p>\n
must be legible for digital imaging.<\/p>\n
The VMS staff is available to assist you through this process and answer your questions.<\/p>\n
Sincerely,<\/p>\n
On behalf of the Third Laguna Hills Mutual Board of Directors<\/p>\n
Membership Counselor<\/p>\n
Deliver Complete Package To:<\/p>\n
Laguna Woods Village<\/p>\n
Community Services, 15t Floor, Resales<\/p>\n
24351 El Toro Road<\/p>\n
Laguna Woods, CA 92637<\/p>\n
Page | 2<\/p>\n
Rev 1-1-2026
\nTable of Contents<\/p>\n
ESCROW OFFICE FORMS<\/p>\n
Information and Fees<\/p>\n
Escrow Documentation Checklist<\/p>\n
First and Final Inspection Report Request<\/p>\n
Final Resale Inspections: Process for Corrections Noted<\/p>\n
Resale Notification<\/p>\n
Notice of Escrow Closing<\/p>\n
10<\/p>\n
Escrow Closing Notification and Transmittal Report<\/p>\n
11<\/p>\n
SELLER NOTIFICATION FORMS<\/p>\n
12<\/p>\n
Responsibility Agreement for Nonstandard Landscape<\/p>\n
13<\/p>\n
BUYER APPLICATION FORMS …<\/p>\n
14<\/p>\n
Owner\/Membership Application ….<\/p>\n
15<\/p>\n
16<\/p>\n
Membership and Occupancy Requirements for Condominium Ownership<\/p>\n
17<\/p>\n
Third Mutual Members Who Hold More Than One Membership<\/p>\n
GRF Trust Facilities Fee<\/p>\n
18<\/p>\n
Promissory Note for Trust Facilities Fee<\/p>\n
19<\/p>\n
Promissory Note Continued<\/p>\n
20<\/p>\n
Financial Statement and Credit Information<\/p>\n
21<\/p>\n
Financial Assets<\/p>\n
22<\/p>\n
Key File Program<\/p>\n
23<\/p>\n
Important Information for Third Laguna Hills Mutual – Please read carefully<\/p>\n
24<\/p>\n
Application for Co-occupancy Permit<\/p>\n
25<\/p>\n
Disclosure Notice: Asbestos-Containing Construction Materials<\/p>\n
27<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 3
\nESCROW OFFICE FORMS<\/p>\n
Page | 4<\/p>\n
Rev 1-1-2026
\nInformation and Fees<\/p>\n
Dear Escrow Officer:<\/p>\n
As the managing agent for the housing corporations, Village Management Services Inc.<\/p>\n
(VMS) is pleased to assist you with the processing of your pending escrow.<\/p>\n
Under the terms of the corporation\u2019s bylaws, the Third Laguna Hills Mutual Board of Directors<\/p>\n
has the first option to purchase the seller’s membership; therefore, a membership application<\/p>\n
process has been established and certain conditions must be met before escrow can close.<\/p>\n
For example, a buyer is required to apply for membership by meeting minimum financial<\/p>\n
requirements. The property must also be inspected to ensure that the corporation has<\/p>\n
approved all structural and landscape alterations. The enclosed package of information<\/p>\n
includes the forms necessary to effectuate a membership transfer in Third Laguna Hills<\/p>\n
Mutual.<\/p>\n
The following fees are associated with a membership transfer:<\/p>\n
Administration fee<\/p>\n
$400<\/p>\n
First Inspection fee<\/p>\n
$250<\/p>\n
Re-Inspection (if required)<\/p>\n
$50<\/p>\n
$90<\/p>\n
Final Inspection (if required)<\/p>\n
Escrow cancellation<\/p>\n
$112<\/p>\n
GRE trust facilities fee<\/p>\n
$10,000<\/p>\n
Failure to surrender ID cards<\/p>\n
$125<\/p>\n
Monthly Third Mutual occupancy fee for each additional occupant<\/p>\n
$50<\/p>\n
over two (includes overnight caregivers)<\/p>\n
Monthly GRF occupancy fee for each additional occupant over<\/p>\n
$131<\/p>\n
two (overnight caregivers exempt)<\/p>\n
When the enclosed forms are completed, please return them to the VMS Community<\/p>\n
Services Department for submittal to the board of directors. The requirements vary<\/p>\n
somewhat for the several housing corporations, and care should be taken to ensure that the<\/p>\n
correct and most current documents are submitted. Please be sure that all the documents<\/p>\n
are fully completed and executed to enable us to assist you in the timely processing of the<\/p>\n
resale package.<\/p>\n
If you should require information or assistance, please contact the Membership Counselor at<\/p>\n
email Sales@vmsinc.org.<\/p>\n
Sincerely,<\/p>\n
On behalf of the Third Laguna Hills Mutual Board of Directors<\/p>\n
Membership Counselor<\/p>\n
Page | 5<\/p>\n
Rev 1-1-2026
\nEscrow Documentation Checklist<\/p>\n
Forms and Documents<\/p>\n
(All documents must be complete, signed and dated)<\/p>\n
First steps<\/p>\n
First and Final Inspection Report request (email to ResalesInspections@vmsinc.org), page 7<\/p>\n
Required documents to be submitted as complete package for board approval**<\/p>\n
Resale Notification, page 9<\/p>\n
Escrow Instructions (provided by Escrow)<\/p>\n
Responsibility Agreement for Nonstandard Landscape (if applicable), page 13<\/p>\n
Owner\/Membership Application with enlarged, black and white copies of age verification ID \u2014<\/p>\n
driver’s license, passport, birth certificate, etc., page 15<\/p>\n
Membership and Occupancy Requirements for Condominium Ownership, page 16<\/p>\n
Third Mutual Members Who Hold More Than One Membership (if applicable), page 17<\/p>\n
GREF Trust Facilities Fee, page 18<\/p>\n
Promissory Note for Trust Facilities Fee (if applicable), pages 19 and 20<\/p>\n
10<\/p>\n
Financial Statement and Credit Information with Financial Assets (signed and dated with a<\/p>\n
full or summary credit report and scores, single-sided copies only), pages 21-22<\/p>\n
Verifications for all income and assets listed in the Financial<\/p>\n
Statement and Credit Information form (i.e., copies of current federal income tax returns,<\/p>\n
11<\/p>\n
signed and dated, including Schedules A & B and others, if applicable, copies of bank<\/p>\n
statements, stock certificates, 1099s, property tax bills, investment account statements, etc.<\/p>\n
12<\/p>\n
Assessment\/Charges Guarantor Obligation Form (if applicable). Found as a part of Third\u2019s Financial<\/p>\n
Qualifications Policy<\/p>\n
13<\/p>\n
First Inspection Report (provided by Escrow)<\/p>\n
14<\/p>\n
Important Information for Third Laguna Hills Mutual, page 24<\/p>\n
15<\/p>\n
Application for Co-occupancy Permit (if applicable), page 25<\/p>\n
Before escrow can close<\/p>\n
16<\/p>\n
Final Inspection Report (email to ResalesInspections@vmsinc.org), page 7<\/p>\n
17<\/p>\n
Email EscrowFinalUpdate@vmsinc.org requesting final update of Escrow Demand Update<\/p>\n
Return Seller’s ID Cards to Resales Dept before requesting the final demand. Must indicate to<\/p>\n
18<\/p>\n
staff if ID cards will be surrendered. Failure to surrender ID Cards will result in a $125 fee for<\/p>\n
each card on the escrow demand.<\/p>\n
Notice of escrow closed<\/p>\n
19<\/p>\n
Notice of Escrow Closing (email to EscrowClosings@vmsinc.org), page 10<\/p>\n
20<\/p>\n
Escrow Closing Notification and Transmittal Report, final check(s), and Resident ID Cards<\/p>\n
(dropped off in Resales Dept), page 11<\/p>\n
Page | 6<\/p>\n
Rev 1-1-2026
\nFirst and Final Inspection Report Request<\/p>\n
[ ] Request for First Inspection Report – Per Resolution 03-24-40, a first inspection fee will be<\/p>\n
billed as a chargeable service to the seller. The First Inspection Report is valid for six months.<\/p>\n
[ ] Request for Re-Inspection Report – Per Resolution 03-24-40, a re-inspection fee will be<\/p>\n
collected through escrow, if required.<\/p>\n
[ ] Request for Landscape Corrections – Per Resolution 03-18-112, all corrections must be<\/p>\n
completed by close of escrow. Checking this box indicates request for landscape corrections<\/p>\n
to be completed as a chargeable service upon receipt of the First Inspection Report.<\/p>\n
[ ] Request for Final Inspection Report – Per Resolution 03-24-40, a final inspection fee will<\/p>\n
be collected through escrow, if required.<\/p>\n
[__] Update information<\/p>\n
Seller’s acknowledgement of fees\/Date<\/p>\n
Laguna Woods Village<\/p>\n
Date<\/p>\n
Resale Inspections Dept.<\/p>\n
Unit number<\/p>\n
P.O. Box 2220<\/p>\n
Street name<\/p>\n
Laguna Hills, CA 92654-2220<\/p>\n
Occupied [ ] Vacant | ]<\/p>\n
Fax: 949-268-2403<\/p>\n
Carport number<\/p>\n
Email: Resaleslnspections@vmsinc.org<\/p>\n
Escrow company \u2014 Used for status updates<\/p>\n
Company name:<\/p>\n
Escrow officer:<\/p>\n
Escrow number:<\/p>\n
Address:<\/p>\n
Phone number:<\/p>\n
Fax number:<\/p>\n
Escrow office email:<\/p>\n
Estimated escrow close date:<\/p>\n
Seller\u2019s real estate company \u2014 Used for status updates<\/p>\n
Company name:<\/p>\n
Agent name:<\/p>\n
Address:<\/p>\n
Phone number:<\/p>\n
Fax number:<\/p>\n
Agent email:<\/p>\n
Buyer<\/p>\n
Name:<\/p>\n
Address:<\/p>\n
Phone number:<\/p>\n
Cell phone:<\/p>\n
(Important contact information)<\/p>\n
Seller<\/p>\n
Owner of record:<\/p>\n
Address:<\/p>\n
Phone number:<\/p>\n
Internal inspections are required to access the water heater. How we are to enter the<\/p>\n
property?<\/p>\n
Lockbox:<\/p>\n
Contact seller:<\/p>\n
Contact agent:<\/p>\n
Page | 7<\/p>\n
Rev 1-1-2026
\nFinal Resale Inspections: Process for Corrections Noted<\/p>\n
The resale inspection process provides a record of all items for which correction will be required.<\/p>\n
All items noted as corrections on the final inspection report must be completed prior to the close of<\/p>\n
\u20acSCrow.<\/p>\n
Issuance of service orders<\/p>\n
Service orders will be entered for all items of work noted in the corrections report for which the<\/p>\n
mutual is responsible. All service orders will be dispatched either to in-house technicians or to<\/p>\n
outside vendors for processing.<\/p>\n
Completion of work<\/p>\n
All corrections not listed as \u201cmutual charged\u201d must be complete by the close of escrow.<\/p>\n
Corrections by members<\/p>\n
Once corrections are complete, the seller(s) must email Resaleslnspections@vmsinc.org to<\/p>\n
schedule a final inspection. If corrections are found to be incomplete at the final inspection, an<\/p>\n
additional re-inspection fee will be charged to the seller(s).<\/p>\n
Inspection\/Verification requirement<\/p>\n
Once notified of completion, an inspection by the corporation\u2019s agent to confirm completion<\/p>\n
will be required for each item of work completed by the seller(s).<\/p>\n
Page | 8<\/p>\n
Rev 1-1-2026
\nResale Notification<\/p>\n
To: VMS Inc., Agent of the Corporation<\/p>\n
Manor address:<\/p>\n
Escrow number:<\/p>\n
Date:<\/p>\n
An escrow has been opened that involves a proposed sale and transfer of membership in Third Mutual and the Golden<\/p>\n
Rain Foundation of Laguna Woods as follows:<\/p>\n
Seller’s broker:<\/p>\n
Buyer’s broker:<\/p>\n
Agent name:<\/p>\n
Agent name:<\/p>\n
Agent phone:<\/p>\n
Email:<\/p>\n
Agent phone:<\/p>\n
Email:<\/p>\n
Seller(s):<\/p>\n
Buyer(s) and vesting:<\/p>\n
Selling price: $<\/p>\n
Name(s) of person(s) who will reside:<\/p>\n
In accordance with your instructions, the following are enclosed:<\/p>\n
V | #<\/p>\n
Required documents to be submitted as a complete package for board approval **<\/p>\n
Resale Notification, page 9<\/p>\n
Escrow Instructions (provided by Escrow)<\/p>\n
Responsibility Agreement for Nonstandard Landscape (if applicable), page 13<\/p>\n
Owner\/Membership Application, page 15<\/p>\n
Membership and Occupancy Requirements for Condominium Ownership, page 16<\/p>\n
Third Mutual Members Who Hold More Than One Membership (if applicable), page 17<\/p>\n
GREF Trust Facilities Fee, page 18<\/p>\n
Promissory Note for Trust Facilities Fee (if applicable), pages 19 and 20<\/p>\n
9<\/p>\n
Financial Statement and Credit Information with Financial Assets (signed and dated), pages 21-22<\/p>\n
10<\/p>\n
Verifications for all income and assets listed in the Financial Statement and Credit Information form<\/p>\n
11<\/p>\n
Assessment\/Charges Guarantor Obligation Form (if applicable) \u2014 attached to Financial Qualifications<\/p>\n
Policy<\/p>\n
12<\/p>\n
First Inspection Report (provided by Escrow)<\/p>\n
13<\/p>\n
Important Information for Third Laguna Hills Mutual, page 24<\/p>\n
14<\/p>\n
Application for Co-occupancy Permit (if applicable), page 25<\/p>\n
The undersigned (escrow officer) hereby attests that a request for first inspection was submitted to the Resales<\/p>\n
Inspection Department on<\/p>\n
. Itis understood that a final inspection, if required, shall be submitted to the<\/p>\n
buyer(s) prior to the close of escrow. If the mutual waives its option to purchase and approves the proposed<\/p>\n
transferee(s) for membership, and so informs us in writing, we will then proceed with the processing of this escrow,<\/p>\n
which is scheduled to close on or about<\/p>\n
(date).<\/p>\n
For:<\/p>\n
By:<\/p>\n
Escrow officer<\/p>\n
Escrow<\/p>\n
For office use only:<\/p>\n
Yes<\/p>\n
No<\/p>\n
Meets mutual income requirement?<\/p>\n
Verified by:<\/p>\n
Meets mutual asset requirement?<\/p>\n
Exceeds the number of memberships allowed?<\/p>\n
Membership Counselor, Community Services Division<\/p>\n
Action by mutual board of directors: By approving this application for membership, said corporation waives the option to<\/p>\n
purchase the membership, subject to the conditions that both transferor(s) and transferee(s) comply with the<\/p>\n
requirements of the mutual prior to the close of escrow, and that neither the mutual nor the Golden Rain Foundation shall<\/p>\n
incur any expenses in this transaction. The approval and waiver shall be effective as of the close of escrow.<\/p>\n
Page | 9<\/p>\n
Rev 1-1-2026
\nNotice of Escrow Closing<\/p>\n
Date:<\/p>\n
Mail to:<\/p>\n
Deliver to:<\/p>\n
Laguna Woods Village<\/p>\n
Laguna Woods Village, Community Center<\/p>\n
Community Services Division: Resales<\/p>\n
Community Services Division: Resales<\/p>\n
P.O. Box 2220<\/p>\n
24351 El Toro Road<\/p>\n
Laguna Hills, CA 92654-2220<\/p>\n
Laguna Woods, CA 92637<\/p>\n
Email: EscrowClosings@vmsinc.org<\/p>\n
Escrow number:<\/p>\n
Unit number:<\/p>\n
Closed date:<\/p>\n
Please issue new resident passes as follows:<\/p>\n
Resident members<\/p>\n
Nonresident members<\/p>\n
Nonmember residents<\/p>\n
Your assistance is appreciated.<\/p>\n
Sincerely,<\/p>\n
Escrow officer name and company:<\/p>\n
Escrow officer phone number:<\/p>\n
Escrow officer email:<\/p>\n
Page | 10<\/p>\n
Rev 1-1-2026
\nTHIRD LAGUNA<\/p>\n
UT<\/p>\n
HILLS<\/p>\n
Escrow Closing Notification and Transmittal Report<\/p>\n
Escrow number:<\/p>\n
Escrow company:<\/p>\n
Manor number:<\/p>\n
Escrow officer:<\/p>\n
Date<\/p>\n
Escrow phone number:<\/p>\n
Email:<\/p>\n
Closing date<\/p>\n
Please be advised escrow has closed. Attached are payments, charges and\/or fees due per your demand.<\/p>\n
1<\/p>\n
Depository account: Separate check, made payable to Laguna Woods Village, representing the<\/p>\n
following:<\/p>\n
a. Monthly assessment due for the period (date):<\/p>\n
$<\/p>\n
b. Late charges<\/p>\n
$<\/p>\n
c. Other<\/p>\n
$<\/p>\n
Total<\/p>\n
$<\/p>\n
Agency account: Separate check, made payable to Golden Rain Foundation,<\/p>\n
representing the following:<\/p>\n
Administration fee (Third $400)<\/p>\n
Final inspection fee (if required) (Third $90)<\/p>\n
Re-inspection fee (if required) (Third $50)<\/p>\n
Chargeable services (includes first inspection fee and other costs)<\/p>\n
Cable TV (broadband services)<\/p>\n
Failure to surrender ID card(s) ($125 each \u2014 non-refundable)<\/p>\n
Physical properties corrections or repairs<\/p>\n
Nonstandard landscape restoration charges<\/p>\n
Contingency for inspection corrections and landscaping estimates<\/p>\n
Funds paid by seller<\/p>\n
Funds paid by buyer<\/p>\n
Trust facilities fee ($10,000)<\/p>\n
Other:<\/p>\n
Total<\/p>\n
In addition, we enclosed the following:<\/p>\n
[ ] Gate entry passes<\/p>\n
[ 11D cards<\/p>\n
[ ] Other<\/p>\n
Date:<\/p>\n
Date final inspection was completed by Resale Inspections Dept.<\/p>\n
Seller forwarding address<\/p>\n
Name(s):<\/p>\n
Street:<\/p>\n
City, State Zip:<\/p>\n
Phone number:<\/p>\n
Lender information<\/p>\n
Company Name:<\/p>\n
Date:<\/p>\n
Street:<\/p>\n
Loan number:<\/p>\n
City, State Zip:<\/p>\n
Phone number:<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 11
\n2<\/p>\n
THIRD LA<\/p>\n
[<\/p>\n
GUNA HILLS<\/p>\n
SELLER NOTIFICATION FORMS<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 12
\nTHIRD LAGUNA HILLS<\/p>\n
UT<\/p>\n
Unit address<\/p>\n
Responsibility Agreement for Nonstandard Landscape<\/p>\n
This form is to be completed by the escrow office and must be received before the issuance of<\/p>\n
a Final Inspection.<\/p>\n
1<\/p>\n
Email completed form to ResalesInspections@vmsinc.org as soon as possible in order for a<\/p>\n
work order to be established.<\/p>\n
2<\/p>\n
Include this document with the membership application package.<\/p>\n
This office has been notified that the manor noted above has nonstandard landscape, and both the<\/p>\n
prospective member and seller have been informed accordingly. If the prospective member declines to<\/p>\n
accept the nonstandard landscape, the landscape division will perform the work as a chargeable service,<\/p>\n
and seller is responsible for all costs.<\/p>\n
In accordance with the governing rules of Third Laguna Hills Mutual, the prospective member understands<\/p>\n
that he\/she may accept or refuse to accept the nonstandard landscaping, except fruit trees which must be<\/p>\n
removed from common area. Further, the prospective member understands that if he\/she accepts it,<\/p>\n
he\/she also accepts all future responsibility for its care and maintenance, and all associated costs thereof.<\/p>\n
Refer to Third Mutual’s Landscape Manual on the Laguna Woods Village website.<\/p>\n
Both prospective member and seller understand that if the prospective member refuses to accept such<\/p>\n
responsibility, the seller is required to pay the costs of all work required to restore the landscaping to the<\/p>\n
community standard, including the removal of nonstandard plants and hardscape, and the planting of<\/p>\n
standard plants.<\/p>\n
Acknowledgement by prospective owner<\/p>\n
[1]<\/p>\n
Prospective owner accepts the nonstandard landscaping and agrees to be responsible for any and all<\/p>\n
costs related to its future maintenance.<\/p>\n
[1]<\/p>\n
Prospective owner declines to accept the nonstandard landscaping and directs the escrow officer to so<\/p>\n
inform the management agent. Restoration costs are to be withheld from the proceeds of resale transfer<\/p>\n
of membership.<\/p>\n
Signature<\/p>\n
Print name<\/p>\n
Date<\/p>\n
Signature<\/p>\n
Print name<\/p>\n
Date<\/p>\n
Acknowledgement by seller<\/p>\n
Seller has been informed that the unit has nonstandard landscaping. Seller will be charged the amount shown<\/p>\n
on the inspection report to restore the property to community standard landscaping if the prospective owner<\/p>\n
refuses to accept the nonstandard landscaping.<\/p>\n
Signature<\/p>\n
Print name<\/p>\n
Date<\/p>\n
Print name<\/p>\n
Date<\/p>\n
Signature<\/p>\n
Escrow officer signature:<\/p>\n
Escrow No.:<\/p>\n
Date:<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 13
\n2<\/p>\n
THIRD LA<\/p>\n
[<\/p>\n
GUNA HILLS<\/p>\n
BUYER APPLICATION FORMS<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 14
\nTHIRD LAGUNA HILLS<\/p>\n
i<\/p>\n
TU<\/p>\n
Owner\/Membership Application<\/p>\n
Please print using black ink or type<\/p>\n
List names exactly as they will appear on the Grant Deed<\/p>\n
For business use<\/p>\n
Appl<\/p>\n
Title<\/p>\n
Last name<\/p>\n
First name, middle<\/p>\n
No<\/p>\n
only<\/p>\n
O wr.<\/p>\n
0 Ms.<\/p>\n
[J miss<\/p>\n
J Mrs.<\/p>\n
O wr.<\/p>\n
0 Ms.<\/p>\n
[J miss<\/p>\n
J Mrs.<\/p>\n
Age<\/p>\n
Appl<\/p>\n
Date of birth<\/p>\n
Marital status<\/p>\n
Applicant to<\/p>\n
Tax<\/p>\n
verification<\/p>\n
No<\/p>\n
reside in unit<\/p>\n
responsibility**<\/p>\n
Social Security Number<\/p>\n
attached<\/p>\n
0 Married<\/p>\n
0 Single<\/p>\n
J Yes [J No<\/p>\n
Yes<\/p>\n
Yes<\/p>\n
OO Widowed [OO Divorced<\/p>\n
Home phone<\/p>\n
Mobile phone<\/p>\n
Email<\/p>\n
* If No, provide outside address:<\/p>\n
Age<\/p>\n
App<\/p>\n
Date of birth<\/p>\n
Marital status<\/p>\n
Applicant to<\/p>\n
Tax<\/p>\n
verification<\/p>\n
No.<\/p>\n
reside in unit<\/p>\n
responsibility**<\/p>\n
Social Security Number<\/p>\n
attached<\/p>\n
0 Married<\/p>\n
0 Single<\/p>\n
OO Widowed [I Divorced<\/p>\n
J Yes [J No<\/p>\n
Yes<\/p>\n
Yes<\/p>\n
Home phone<\/p>\n
Mobile phone<\/p>\n
Email<\/p>\n
* If No, provide outside address:<\/p>\n
** Enter a checkmark for the party responsible for income tax reporting. Only one party may be responsible \u2014 this is required by<\/p>\n
federal law.<\/p>\n
Emergency notification<\/p>\n
Name<\/p>\n
Relationship<\/p>\n
Mobile and home phone numbers<\/p>\n
Acknowledgements and affirmations<\/p>\n
As a buyer, | have received an inspection report prepared by the mutual for the manor which | am purchasing that identifies<\/p>\n
any alterations that have been made by previous owners; | agree that | will be responsible for the care and maintenance of<\/p>\n
any alterations made previously or that | may make in the future. As a transferee, | agree that | will be responsible for the<\/p>\n
care and maintenance of any alterations made previously, as well as any alterations that | may make in the future.<\/p>\n
As a member of the mutual, | agree that | will be responsible for the monthly homeowner’s assessment payments, and | will<\/p>\n
comply with all the governing rules of the mutual and Golden Rain Foundation. | have received the notice informing me of<\/p>\n
the possible existence of asbestos in certain buildings.<\/p>\n
*** Member is aware of and agrees to pay to the mutual an additional sum each month for each occupant of the unit<\/p>\n
in excess of two, at the rate prescribed by the mutual and GRF. A schedule of fees is available upon request and is<\/p>\n
subject to change annually. Additional fee is added to the member’s account. Initial:<\/p>\n
| swear, under penalty of perjury, that the information provided in this application is true and correct.<\/p>\n
1. Name (print)<\/p>\n
Signature<\/p>\n
Date<\/p>\n
Date<\/p>\n
2. Name (print)<\/p>\n
Signature<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 15
\nTHIRD EAGURA HILLS<\/p>\n
Unit Number<\/p>\n
MU TU<\/p>\n
Membership and Occupancy Requirements for Condominium Ownership<\/p>\n
All prospective resident-owners and occupants are required to meet age restrictions as defined by federal<\/p>\n
and state statutes and in accordance with the Covenants, Conditions and Restrictions (CC&R) and bylaws<\/p>\n
of the housing corporation. Please attach copies of appropriate documents which verify applicant’s age;<\/p>\n
these may include a passport, a driver’s license, or a birth certificate.<\/p>\n
Member<\/p>\n
The owner of a condominium unit who has been approved for membership by the Board of Directors and<\/p>\n
entered into the corporate records. When the membership is vested in a trust, the trustee is considered the<\/p>\n
member. Members can be of any age (as permitted by state statute for ownership of property) to own a<\/p>\n
condominium unit.<\/p>\n
In order to reside, at least one of the members must be 55 years of age or older and reside in the unit full-<\/p>\n
time; any other members who reside must be at least 45 years of age, and reside with the 55-year-old<\/p>\n
member, except a spouse, who may be any age. A disabled child\/grandchild may reside under certain<\/p>\n
conditions (Section 51.3 of the California Civil Code).<\/p>\n
Members in good standing are entitled to one vote in mutual elections.<\/p>\n
Co-Occupants<\/p>\n
Nonmembers who reside with the approval of the Third Mutual Board of Directors and reside with a full-time<\/p>\n
qualified resident.<\/p>\n
In order to reside, at least one occupant must be 55 years of age or older; all other persons who reside must<\/p>\n
be at least 45 years of age, unless the other occupant is:<\/p>\n
(1) A spouse or cohabitant; or<\/p>\n
(2) A primary provider of physical health care.<\/p>\n
Note: Care providers are not permitted to use the community facilities, except when it is directly related to<\/p>\n
providing necessary support to the member or an approved resident. A care provider ID card will be issued<\/p>\n
and must be worn at all times.<\/p>\n
Co-occupants may reside only upon the issuance and approval of an application for co-occupancy by the<\/p>\n
mutual\u2019s board of directors. The application form must be executed by all owners of record.<\/p>\n
Occupancy limits<\/p>\n
The maximum number of persons who may occupy a unit is equal to the number of approved bedrooms, plus<\/p>\n
one.<\/p>\n
Unit assessments<\/p>\n
Monthly carrying charges (assessments) provide for the occupancy of no more than two persons. An<\/p>\n
additional monthly assessment, as established by the housing corporation and GRF, is charged for each<\/p>\n
additional occupant.<\/p>\n
Identification cards<\/p>\n
Resident identification cards are issued to all approved residents of the community. Cards are the property<\/p>\n
of the Golden Rain Foundation (GRF) and must be returned at the termination of residency or before<\/p>\n
requesting the final demand to avoid additional charges for not returning ID cards. Replacements will be<\/p>\n
issued subject to the fee established by GRF. Resident ID cards are not issued to nonresident owners.<\/p>\n
Date:<\/p>\n
Applicant Initial Here:<\/p>\n
Applicant Initial Here:<\/p>\n
Date:<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 16
\nTHIRD FAGONA HILLS<\/p>\n
UT<\/p>\n
Escrow number:<\/p>\n
Third Mutual Members Who Hold More Than One Membership<\/p>\n
You have applied for membership in Third Mutual, a nonprofit mutual benefit corporation that is governed by<\/p>\n
California Civil Code, corporate governing documents and operating rules.<\/p>\n
Effective June 21, 2016, the Third Mutual Board of Directors adopted Resolution 03-16-61 limiting the<\/p>\n
number of units that a member may live in or lease or make available for lease to two units.<\/p>\n
A member who owns memberships in excess of three, which were leased or available for lease on June 21,<\/p>\n
2016, shall be grandfathered. However, no additional memberships can be purchased and, at such time as<\/p>\n
an excess membership is sold, that individual will be prohibited from purchasing additional memberships.<\/p>\n
Any member who holds more than one membership in Third Mutual and wishes to apply for an additional<\/p>\n
membership is required to sign this acknowledgement form, affirming his\/her compliance with Resolution 03-<\/p>\n
16-61, and submit it to Community Services along with the membership application package.<\/p>\n
| hereby acknowledge that the manor | wish to purchase may not be eligible for occupancy under the terms<\/p>\n
of Resolution 03-16-61.<\/p>\n
Last name (Print)<\/p>\n
First name (Print)<\/p>\n
Unit Number<\/p>\n
Signature<\/p>\n
Mr.<\/p>\n
Ms.<\/p>\n
Miss<\/p>\n
Mrs<\/p>\n
Mr.<\/p>\n
Ms<\/p>\n
Miss<\/p>\n
Mrs<\/p>\n
Mr.<\/p>\n
Ms<\/p>\n
Miss<\/p>\n
Mrs<\/p>\n
Mr.<\/p>\n
Ms<\/p>\n
Miss<\/p>\n
Mrs<\/p>\n
Mr.<\/p>\n
Ms<\/p>\n
Miss<\/p>\n
Mrs<\/p>\n
Mr.<\/p>\n
Ms<\/p>\n
Miss<\/p>\n
Mrs<\/p>\n
Attention real estate agents and escrow officers:<\/p>\n
For verification of the number of memberships held, the<\/p>\n
applicant may email Resales at Sales@vmsinc.org<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 17
\nTHIRD EAGURA HILLS<\/p>\n
MU TU<\/p>\n
Unit number<\/p>\n
GoLDEN RAIN FOUNDATION<\/p>\n
z<\/p>\n
of LAGUNA Wo0DS<\/p>\n
Trust Facilities Fee<\/p>\n
Revised 12\/2\/2025<\/p>\n
As trustee of the Golden Rain Foundation (GRF) of Laguna Hills Trust, the GRF Board of Directors is<\/p>\n
required to preserve and protect the recreational and other amenities available to all residents of Laguna<\/p>\n
Woods Village. Effective January 1, 2026, all purchases of a separate interest in Third Laguna Hills<\/p>\n
Mutual (condo), United Laguna Woods Mutual (cooperative) and Mutual Fifty (condo) must include<\/p>\n
collection of a trust facilities fee in the amount of $10,000 per transaction as an obligation of the purchase<\/p>\n
when the sales price is $200,000 or higher, and $3,500 when the sales price is less than $200,000.<\/p>\n
Choose one option of payment below.<\/p>\n
Payment<\/p>\n
I\/we agree to pay at the time of closing of escrow the trust<\/p>\n
option 1:<\/p>\n
facilities fee in the amount of $10,000 when the sales price is<\/p>\n
equal to or higher than $200,000, and $3,500 when the sales<\/p>\n
price is less than $200,000.<\/p>\n
Payment<\/p>\n
I\/we agree to pay over a period not to exceed seven years (84<\/p>\n
option 2:<\/p>\n
months) the trust facilities fee in the amount of $10,000 plus<\/p>\n
additional fees that result in a total principal amount of $10,252<\/p>\n
plus interest at 12 percent per annum, or $3,500 resulting in a<\/p>\n
total principal amount of $3,752 if the sales price is less than<\/p>\n
$200,000.<\/p>\n
1 Name (Print) *<\/p>\n
Signature<\/p>\n
Date<\/p>\n
Date<\/p>\n
2 Name (Print)<\/p>\n
Signature<\/p>\n
3 Name (Print)<\/p>\n
Signature<\/p>\n
Date<\/p>\n
4 Name (Print)<\/p>\n
Signature<\/p>\n
Date<\/p>\n
* If payment option 2 is selected, the first owner\/member name must reflect the person to<\/p>\n
whom the billing statement for the trust facilities fee will be mailed.<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 18
\nGoLDEN RAIN FOUNDATION<\/p>\n
Zz<\/p>\n
of LAGUNA WooDs<\/p>\n
Promissory Note<\/p>\n
Revised 12\/2\/2025<\/p>\n
Principal amount: $10,252<\/p>\n
Manor number:<\/p>\n
Principal amount w\/interest: $15,202.32<\/p>\n
Date:<\/p>\n
Recitals<\/p>\n
For value received, the undersigned payor(s),<\/p>\n
, promises to pay<\/p>\n
to the order of Golden Rain Foundation of Laguna Woods, a California nonprofit mutual benefit<\/p>\n
corporation (payee), at 24351 El Toro Road, Laguna Woods, CA 92637, Attention: Accounts Receivable<\/p>\n
(or through a direct debit or similar ACH debit, if available), at the times and on the terms specified in this<\/p>\n
promissory note (note), the sum of $10,252 (principal), together with interest thereon at the rate of 12<\/p>\n
percent per annum (but in any event not to exceed the maximum rate permitted by law) (interest), as<\/p>\n
payment of the $10,000 facilities fee, and one-time origination fee of $252, plus interest, all fully amortized<\/p>\n
over the seven-year term, as further set forth below. Payor(s) acknowledges that payor(s) has been given<\/p>\n
the opportunity to pay the $10,000 facilities fee all at once at the time of transfer, and so to avoid paying<\/p>\n
the interest and the nonrefundable origination fee, but that payor(s) has instead elected to enter into the<\/p>\n
seven-year payment plan, as authorized by California law, and to pay in accordance with all terms and<\/p>\n
conditions in this note.<\/p>\n
1<\/p>\n
Promise to pay. The principal and interest shall be amortized over a period of seven years, and all<\/p>\n
due and payable in seven years, with 84 consecutive monthly payments of $180.98 each. The first<\/p>\n
monthly payment shall be made on<\/p>\n
, 20<\/p>\n
, and subsequent monthly payments<\/p>\n
shall be paid on or before the first day of each succeeding calendar month.<\/p>\n
Late charge. Payor(s) agrees that in the event that any payment due hereunder is in default for<\/p>\n
more than 10 days, it would be extremely difficult to fix the actual damages resulting to payee.<\/p>\n
Therefore, payor(s) agrees to pay to payee the sum of $10 upon each such default, as liquidated<\/p>\n
damages and not as a penalty, to compensate the payee for the expenses of administering the<\/p>\n
default.<\/p>\n
Prepayment. The payor(s) of this note may, at their option, repay the amount due in whole prior to<\/p>\n
maturity date without penalty. Repayment of principal in its entirety prior to maturity date shall<\/p>\n
eliminate future interest and will fulfill the debt obligation. Payments received in excess of monthly<\/p>\n
note installment shall be applied to future note installments and not an accelerated reduction of<\/p>\n
principal.<\/p>\n
Acceleration. The holder of this note may, at its option, accelerate the maturity of all payments to<\/p>\n
become due hereunder upon the occurrence of any of the following events, in which event the<\/p>\n
unpaid balance of this note shall become immediately due and payable without demand,<\/p>\n
presentment or notice, all of which are hereby expressly waived, and the holder may pursue<\/p>\n
collection through small claims court or initiate any other appropriate legal proceeding to collect the<\/p>\n
outstanding amount owed under this note:<\/p>\n
(a) Failure to make any two consecutive payments when due, (b) insolvency of payor(s), or<\/p>\n
filing by or against payor(s) of a petition of bankruptcy, either voluntary or involuntary, (c) if<\/p>\n
payor(s) sells his or her unit, or if payor(s) dies, then the remaining outstanding balance of<\/p>\n
principal hereunder at that time shall be due and payable in one lump sum and upon such<\/p>\n
payment, this note shall be deemed paid in full.<\/p>\n
Promissory Note continued on next page<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 19
\nPromissory Note Continued<\/p>\n
5. Release. In consideration of full payment by the payor(s), as set out in the terms of the promissory<\/p>\n
note hereof, the holder of this note will furnish the payor(s), at the request of the payor(s), a written<\/p>\n
release of Promissory Note acknowledging the fulfillment of their debt obligation.<\/p>\n
Attorney\u2019s fees, governing law. In the event of any controversy or dispute arising from<\/p>\n
nonpayment of this note, the prevailing party shall be entitled to recover from the nonprevailing<\/p>\n
party or parties reasonable expenses including, without limitation, attorneys\u2019 fees and costs<\/p>\n
actually incurred. This note shall be governed by and construed in accordance with, and all<\/p>\n
disputes hereunder shall be governed by the internal laws of the State of California. This note shall<\/p>\n
be binding on the payor(s) successors and assigns.<\/p>\n
In witness whereof, payor(s) has executed this note as of the date first written above<\/p>\n
1 Name (Print)<\/p>\n
Signature<\/p>\n
Date<\/p>\n
2 Name (Print)<\/p>\n
Signature<\/p>\n
Date<\/p>\n
3 Name (Print)<\/p>\n
Signature<\/p>\n
Date<\/p>\n
Rev 1-1-2026<\/p>\n
Page | 20
\nFinancial Statement and Credit Information<\/p>\n
Third Mutual’s Financial Qualifications Policy can be found here:<\/p>\n