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6. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from <br />City, as and for the full purchase price for said real property, fixtures & equipment (improvements <br />pertaining to the realty), goodwill (if any), and severance damages, the total sum of ONE HUNDRED <br />FIFTY THOUSAND AND NO/100 DOLLARS ($150,000). City agrees to deposit said purchase price in <br />escrow with the Escrow Agent within THIRTY (30) days from and after the date on which the City has <br />approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to Seller upon <br />and after: <br />(a) Conveyance of said real property by Seller to City as hereinabove provided; <br />(b) Acceptance by City of a Grant Deed conveying said real property to City; <br />(c) Delivery to City of the policy of title insurance as hereinabove provided; <br />(d) Recordation of the Deed conveying said real property to City. <br />7. Possession. Seller agrees to deliver to City, on the date the Deed conveying said real <br />property to City is recorded, quiet and peaceful possession of said real property, which shall be made <br />free by Seller of all personal property. <br />8. Left Blank <br />9. Waivers. The waiver by City of any breach of any covenant or agreement herein contained on <br />the part of Seller shall not be deemed or held to be a waiver of any subsequent or other breach of said <br />covenant or agreement nor a waiver of any breach of any other covenants or agreements contained <br />herein. <br />10. Heirs, Assigns. Successors in Interest. This Agreement, and all the terms, covenants and <br />conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and assigns <br />of the respective parties hereto. <br />11. Time is of the Essence. In all matters and things hereunder to be done and in all payments <br />hereunder to be made, time is and shall be of the essence. <br />12. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, <br />permission to enter upon said real property at all reasonable times prior to close of escrow for the <br />purpose of making necessary inspections. <br />13. Just Comvensation. Seller acknowledges and agrees that said purchase price is just <br />compensation at fair market value for said real property and includes payment for fixtures & equipment <br />(improvements pertaining to the realty), goodwill (if any), and severance damages <br />14. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-36, P.O. <br />Box 1988, in the City of Santa Ana 92702, County of Orange, State of California. The mailing address <br />of the Seller is: <br />Rafael C. Ramos and Yolanda Ramos <br />16285 Mount Islip Circle. <br />Fountain Valley, CA 92708 <br />