Agenda Packet_2023-04-04 - Laserfiche WebLink

Home Browse Search

EXHIBIT 2 6nMDEN COAST ESCROW 110 Centennial Way #D • "Tustin, CA 92780 Phone (714) 881-3282 Fax (714) 384-7581 (714) 881-3273 Ce11(949)378-9312 tiv i%.goldenco; stescrow.com lacy@goldencoastescrorv.net Date: 2/24/2023 Escrow No.: 4484-LG Escrow Officer: Lucia Guzman THIS DOCUMENT WILL AFFECT YOUR LEGAL RIGHTS — READ IT CAREFULLY! These Supplemental Escrow Instructions are not Intended to supersede the certain Purchase Agreement and Escrow Instructions dated 2/24/2023, but are for the purpose of procedures in order for the Escrow Officers to be able to transfer the ownership of the property from the Sellers to the Buyers in an administrative way. SUPPLEMENTAL CASH ESCROW INSTRUCTIONS & GENERAL PROVISIONS Buyer has handed Escrow Holder an initial deposit in the amount of 0.00 Buyer will deposit with Escrow Holder and additional deposit On or before 2/28/2023 in the amount of 750,000.00 TOTAL CONSIDERATION $ 750,000.00 Prior to the expiration of the time specified in this paragraph, Buyer(s) and/or Seller(s) will hand Escrow Holder, or cause to be handed to Escrow Holder, all funds and/or documents, required from Buyer(s) and/or Seller(s) to enable you to comply with these instructions, all of which Escrow Holder is authorized to use and/or deliver on 2/28/2023, provided that our title insurer, Ticor Title Company, has advised you that they are in a position to issue an Owner's Policy of Title Insurance in the issuing title company's usual form (as specified in with a liability of not less than the total consideration of $750,000.00, and insuring title to Real Property described as: All that certain real property situated in the County of Orange, State of California described as follows: See Attached, Exhibit'A', made a part hereof APN# 005-142-02 Commonly known as: (Escrow Holder shall not be concerned nor liable for the verification of said address) 843 N Garnsey St, Santa Ana , CA 92701 For purposes of this transaction the BUYER(S) Buyer(s) complete vesting is to be provided to Escrow Holder For purposes of this transaction the SELLER(S) is shown as Fee title to the property subject of this escrow is vested in: The undersigned Seller(s) amend the Residential Purchase Agreement and Joint Escrow Instructions (and Receipt for Deposit) to provide for the above referenced vested party(ies) as the Sellers. Buyer and Seller confirm that for the proposes of this escrow, the Escrow Holder shall be Golden Coast Escrow, Inc. and Title Company shall be Ticor Title Company for this transaction. Free from Encumbrances EXCEPT: 1. Current general and special taxes for the fiscal year in which this escrow closes, and taxes for the ensuing year, if any, a lien not yet due and payable. 2. The lien of supplemental taxes, if any, assessed pursuant to Chapter 3.5 (commencing with Section 75) of Seller(s) Mitiolc Riycr/cl Initi.lc City Council Page 1 14 — 18 4/4/2023