STEWART, HELEN E. - Laserfiche WebLink

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The liability to the Escrow Agent under this Agreement is limited to performance of the obligations imposed upon it under Section 4, Section 6, Section 11 and Exhibit '-'B" of the General Provisions of this Agreement. 5. Property Taxes. Such real property taxes, if any, on said real property for the fiscal year within which said real property is conveyed to City as are unpaid at the time of said conveyance shall be cleared and paid in accordance with the provisions of Section 4986 of the Revenue and Taxation Code of the State of California. Seller shall be eligible for a refund under Section 5096.7 of the Revenue and Taxation Code of the State of California for that portion of property taxes on said real property for said fiscal year which have been paid prior to the date the deed conveying said real property to City is recorded which is allocable to that portion of the fiscal year which begins on the date the deed conveying said real property to City is recorded and made uncollectible if unpaid by reason of Section 4986 of the Revenue and Taxation Code of the State of California. All unpaid taxes on said real property for any and all years prior to the fiscal year within which said conveyance is made shall be paid by Seller before conveyance of said real property to City. 6. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from City, as and for the full purchase price for said real property interest, the total sum of Seven Thousand Dollars ($7,000.00). City agrees to deposit said purchase price in escrow with the Escrow Agent within THIRTY (30) days from and after the date on which the City has approved this Agreement, and the Seller hereby agrees to convey said real property interest to City as hereinabove provided. 7. Possession. Seller agrees to deliver to City, on the date the Deed conveying said real property to City is recorded, quiet and peaceful possession of said real property, which shall be made free by Seller of all personal property. 8. No Warranties Except as Specified. Except as specified elsewhere in this Agreement, the said real property is sold "AS IS" in its present physical condition. 9. Heirs, Assigns, Etc. This Agreement, and all the terms, covenants and conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and assigns of the respective parties hereto. 10. Time is of the Essence. In all matters and things hereunder to be done and in all payments hereunder to be made, time is and shall be of the essence. 11. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, permission to enter upon said real property at all reasonable times prior to Seller's conveyance of the property interest to City only for the purpose of making necessary inspections to investigate Seller's disclosures and information concerning the physical condition of said real property. City agrees that no construction shall begin upon said real property at any time prior to Seller's conveyance of the property interest to City, by Grant Deed. 12. Just Compensation. Seller acknowledges and agrees that said purchase price, along with City's agreement to perform services identified in Exhibit "C", attached hereto and by this reference made a part hereof, is just compensation at fair market value for said real property and includes any and all fixtures and equipment, goodwill (if any) and severance. 3