Segura, Frank - 609 E 6TH ST - PURCHASE AGREEMENT (CRA) - 2010

Home Browse Search

S S i required in this Agreement, 4, Escrow, A enc a ees too en an ecraw at the aff~ce of Dld Re ublic Title Corn an X55 ~~~h Street, Y ~ ~ ~ Suite ~~5~, ~a~land, CA ~4~~7 California the Escrow Agent} within. five ~5~ days from and after the data on which the Seller has approved this Agreement. This Agreement constitutes the joint escrow instructions of the Agency and the Seller and a duplicate anginal of this Agreement shall tae delivered to the Escrow Agent upon the opening afthe escrow. - i The Escrow Agent hereby is empowered to act ender this ,Agraernent, and upon indicating its acceptance of this Section 4 and of the general Provisions described in Exhibit "B" attached hereto and incorporated herein by this reference, in venting, dellvercd to the Agency and to the Sallar w~th~n flue ~5} days after dai~very of thls ,Agreement, shall carry out its duties as Escrow Agent hereunder. Agency agrees to hear and Escrow Agent is hereby authorized to charge to the Agency the cost of any transfer taxes, recording fees, cost of title insurance, recanveyance fees, dacurnent preparation fees, escrow fees and any other closing costs incidental to the conveying of said real property to Agency, Penalties for prepayment of bona fide obligations secured by any existing deed of trust ar mortgage shall be waived pursuant to Civil Cade Procedures Section 1 ~~~.~4~, The liability to the Escrow Agent under this Agreement is limited to performance of the obligations imposed upon it under Section 4~ Section Section 1 l and Exhibit f'B" of the general Provisions of this.Agreement, Property Taxes. Such real property taxes, if any, on said real, property for the fiscal year within which said real property is conveyed to Agency as are unpaid at the time of said conveyance shall be cleared and paid 1n accordance with the prav1s~ans of Sectlan 495 of the Revanua and Taxat~an Cade of the State of California. Seller shall be eligible for a refund under Section ~09~.7 of the Revenue and Taxation Code of the State of _ California for that portion of property texas an said real property far said f seal year which have been paid prior 4 to the date the deed conveying said real property to Agency is recorded which is allocable to that portion of the fiscal year which begins on the date the deed conveying said real property to Agency xs recorded and made uncallectxble xf unpaid by reason of Section 495 of the Revenue and Taxation Cade of the State of California. All unpaid texas an said real property for any and ail years prior to the fiscal year within which said conveyance is made shall be paid by Seller before conveyance of said real property to Agency. 6~ payment ofPurchase Price. Agency agrees to pay to Seller, and Seller agrees to accept frarn .Agency, as anal for the foil purchase price far said af} ~ real property sites, fixtures equipment improvements pertaining to the realty}, goodwill cif ar~y}, severance da~.ages, and relocation claln~s pursuant to ovcrnment Cade ~7~~ et seq., the total sung t~~~~~ hundred a.~~d t~i:~y thoua~~.d Dollars And ~Io110~ ~~~,~~~.a0}. Agency agrees to deposit said purchase price in escrow with the Escrow Agent within Thirty days franc and after the data an which the Agency has approved. this Agreement, and the Escrow Agent is hereby authorized to pay the lama to Seller upon and after ~a~ Conveyance of said real property by Seller to Agency as hereinabova provided; fib} Acceptance by .Agency of a Grant Deed conveying said real property to Agency; ~c} Delivery to Agency of the policy of title insurance as hereinabave provided; ~d} Recordation of the Dead conveying said real property to Agency. 7. Possession. Seller agrees to deliver to Agency, an the date the Deed conveying said real property to Page ~ of ~ 1