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

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~i Agency is recorded, quiet and. peaceful possession of said real property, which shall be made free by Seller of all personal property. - 8. waivers. The waiver by Agency of any breach of any covenant or agreerr~ent herein contained on the art of Seiler shall not be deemed or held to be a waiver of any subsequent or other breach of said cavenar~t ar p agreement nor waiver of any breach of any other covepants ar agreements captained herein. heirs, Assigns, Etc.IProbate Approval a .This Agreement, and all the terms, covenants and conditions hereof, shall apply to and bind the heirs, . executors, ad.1nlstratars, successors and assigns of the respective parties hereto. Court can~rmatian of the sale m.ay not be required, subject to notice of the terms of the sale to bene~ ciar~ieslheirs, If a beneficiarylheir objects to the term of sale, court confirmation of the sale shall be required. Buyer shall have ~ days after receipt of notification of a beneficiary or heir's abjection to elect to cancel this agreement. b~. ~f Probate Court approval is necessary, Seller shall file a Petition to confirm the sale of the property with the court. Seller sha11 notify Buyer in writing of the court confirmation hearing date, time and 1QCation, Cllfarnla Probate Cade may require a legal notice to be published in a local newspaper advertising the sale of the property. Ifpublicatian is required, Buyer understands that Seller is unable to accept Buyer's offer until after the exp~ratlon of the per~ad set forth ~n the published notice, In such case, acceptance of this offer prior to publlcat~on 1s voidable. Yf the court approves the sale to Buyer, all deposit money cif any} held on behalf of Seller shall be applied toward the purchase price. If the sale is pat confirmed to Buyer due to an overbid, Buyer's deposit money, less applicable costs shall be returned to Buyer. if the sale is confirmed by the court, an order Confirrnin Sale to Buyer will be issued by the court, Buyer shall pay the balance of the purchase price g within 1 ~ days from receipt of such order by escrow holder or Buyer, The purchase price offer must be at least = . 9~ percent of the probate referee's appraised or reappraised value of the property, unless exempt. If the purchase price is less than 9o percent of the probate referee's appraised value, Buyer may increase the purchase price to the n~inin~um amount required, or nay withdraw from this transaction and receive a refund of Buyer's de osit, less a livable costs. If Buyer defaults after court confirmation, the artier confirming sale nay be . p pp vacated. Buyer shall pay any amount the court determines to satisfy any deficiencies of sale price, casts, or other - lasses by Seller. 1 Time 1s of the Essence, In all matters and things hereunder to be done and ~n all payments hereunder to be made, time is and sha11 be ofthe essence. 1 1. Permission to Enter on Premises. Seller hereby grants Agency, and its authorised agents, permission to enter upon said real property at all reasonable times prior to close of escrow for the purpose ofmaking necessary . inspections. ~ Just Com ensatian, Seller acknowledges and agrees that said purchase price is just compensation at fair market value for said real property and. includes any and all fixtures and equipment, goodwill cif any and severance. I3. notices. The mailing address ofthc feller x 4~ Soutl~ Polar St.eet, Sa.~~ta .A~~.a, Callfarn1a The mailin address of the A env is Civic Center P1a~a,1VI-2~, Santa Ana., California 9~'~0l . g g Y 14. Bic bans. Agency agrees to accept title to said real property subject to the following: No exceptions. 1 . Bntire A~reementl~o Brokers. It is mutually agreed that the parties hereto have herein set forth the whale of their Agreement, Perfonance of this Agreement by Agency shall lay at rest, each, every and all issue~s~ that were raised ar could have been raised in connection with the acquisition of said real property by ~~~e 3 of ~ 1