Can Someone Explain this Line in the Purchase Agreement?

[Mike Miller]

If am the buyer and my name is Joe Patterson, I assume that goes on  line #1, .....but then what is #2 and #3 for? (See screenshot.)

[Mitch Coluzzi]

This is not meant to be insulting but given the above question on how to fill out a PA, I would strongly encourage you to get some professional help involved while you learn.  

I would suggest contacting a local attorney and getting at minimum the state bar form rather than using whatever it is you found online.  Each area across the US is relatively different.  Heck, in the state of Iowa we use abstracts and attorneys (generally) to close transactions.   If you are buying on "contract" the City of Des Moines requires a third-party inspection from an approved vendor (seriously) and are potentially moving towards having city inspectors conduct the inspection (speculation).  My point is, there are specific requirements from state-to-state and area-to-area that a blanket PA will not protect you from...