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A~EEIENT FAR AISITI~N
<br /> REAE ~~~~ETY AND ER~w INSTRt~TI~N
<br /> -PR~~ATE A~UIS~TI~N
<br /> T1 A~REE~ENT entered into this da ~ of A ~a 1 a b and between the ~1VIN~t~NITY
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<br /> REDE~EL~PENT AGENCY ~F TIDE CITE ~F A.NTA ANA, a public body, corporate and, politic
<br /> thereinafter called t'Agency„} and ~ra.nk Segura and rendon ~1c~~~in.ness ~"Seller"}. ~ -
<br /> w1TNESSETH
<br /> ~'or and in eonsideratian of their promises, covenants and agreements hereinafter set Earth, and subject to the
<br /> terms, conditions and provisions hereinafter set forth, Seller agrees to sell to Agency, and Agency agrees to
<br /> purchase from Seller, all that certain real property thereinafter referred to as "said real roe consistin of
<br /> ~#a#} ~ parcel ~APN # ~a~I described as follows:
<br /> See Exhibit A
<br /> ATTA~~ED k~ERET~ AND TEIS EFERENE ~VIADE A pA~.T I~ERE~~
<br /> Connonl known as ~ East ~ Sheet. Sawa Ana, ~'a l
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<br /> Said sale and purchase of said real property ha11 be in accordance with and subject to all of the following terms,
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<br /> conditions, pran~ises, covenants, agreements and provisions, to wit:
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<br /> l ~ anveyance by Seller. Seller agrees to convey said reaX property to Agency, by want Decd, at the office ~ .
<br /> of old e ublic Title tom an , 5~~ l nth Street, Suite ~ 1a Qakland CA q4~~7 California, The losin will
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<br /> occur na cater than ~ months from formal approval of this Agreement by Agency's governing body..Agency -
<br /> rr~ay, by right, extend the escrow period once by 9a days.
<br /> Title to be Canve ed. Seller agrees that, except as may hereinafter be otherwise expressly provided, said
<br /> real property shall be conveyed by Seller to Agency, as aforesaid, free and clear of ar~y and all conditions, .
<br /> restrictions, reservations, exceptions, easements, assessments, prot~, limitations, encumbrances, liens, leases,
<br /> clouds or defects in title except those exceptions shown in paragraph l4 below. Seller hereb warrants that the
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<br /> title to said real property to be conveyed by Seller to Agency shall be free and clear a~ above rovided. Seller =
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<br /> further agrees that acceptance by Agency of any deed to said real property, with or withar~t knowled e of an
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<br /> cand~t~an restriction reservation exception easement assessment profit lirn~tation encumbrance 11en lease
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<br /> cloud. or defect in title, shall not constitute a waiver by Agency of its right to the full and clear title hereinabove
<br /> agreed to be conveyed by Seller to Agency, nor of any right which might accrue to Agency because of the failure
<br /> of Seller to convey title as hereinabave provided.
<br /> 3. Title Insurance. Seiler agrees to deliver to Agency, concurrently with the canveyarice of said real
<br /> property to Agency, within the tune and at the place hereinabove specified far paid conveyance of said real _
<br /> property, a policy of title insurance to be issued bar the shave mentioned title company, with the Agency therein
<br /> named as the insured, in the total amount of two hu~~dred and. thirty thousand Dollars And Noll as
<br /> ~$~~,~~a.aa}, insuring the title of the Agency to said. real property is free and clear of an and all conditions,
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<br /> restrictions, reservat~ans, e~ceptians, easernents~ assessments, profits, llinitation, encumbrances, ~len~, leases,
<br /> clouds or defects in title, excepting such specific ones as Agency may hereinafter expressly agree to take sub' ect _
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<br /> to. Acceptance by .Agency of any such policy of insurance, whether such insurance complies with the
<br /> requirements of this paragraph ar not, shall not constitute a waiver by Agency of its right to such insurance as is ,
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<br /> herein required of Seller, nor a waiver by the Agency of any rights of action for lama es or an other ri hts
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<br /> which nay accrue to Agency by reason of the failure of Seller to conve title ar to rovide title insurance as ~
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