STAUDT, CLAUDIA HARTMAN AND PERKINS, RICHARD H. - 2008

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INSURANCE NOT REQUIRED ~ N-2008-062 WORK MAY PROCEED CLERK Of COUNCIL ~~ . D~ DATE. `' PURCHASE AND SALE AGREEMENT AND BILATERAL ESCROW INSTRUCTIONS ~~ ~_ wJ~A ~~-~ FOR ACQUISITION OF REAL PROPERTY ~ ~~~~ 6~,MeZ (Residential) THIS AGREEMENT (hereinafter "PSA"), entered into on Sant ~ 2008, between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the Constitution and laws of the State of California (hereinafter "City" or "buyer"), and Richard H. Perkins and Claudia Hartman Staudt (hereinafter "Seller"), regardless of number or gender; THEREFORE, for and in consideration of their mutual promises, covenants and agreements, and subject to the terms, conditions and provisions of this Agreement, Seller agrees to sell to City, and City agrees to purchase from Seller, all that certain real property (hereinafter "Said Real Property") described as follows: All that certain real property located in the State of California, County of Orange, City of Santa Ana, described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF (Commonly known as 1238 W. Highland Avenue, Santa Ana, CA) Said purchase and sale of Said Real Property shall be in accordance with and subject to all of the following terms, conditions, promises, covenants, agreements and provisions, to wit: 1. Conveyance by Seller. Seller agrees to convey Said Real Property to City, by Grant Deed, at the office of First American Title Insurance Company, located at 2 First American Way, Santa Ana, California, within thirty (30) days from and after the date on which the City has approved this PSA. 2. Title to be Conveyed. Seller agrees that, except as may hereinafter be expressly provided, Said Real Property shall be conveyed by Seller to City, as aforesaid, free and clear of any and all conditions, restrictions, reservations, exceptions, easements, Page 1 of 13 Seller's Initials