Segura, Frank - 617 E 6TH ST - PURCHASE AGREEMENT(CRA) - 2010

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which nay accrue to Agency by reason of the failure of Seller to conve~r title ar to provide title insurance a.s required in this Agreement, ~. Escravr. A enc a eel to o en an escrow at the office of old Republic Title Carnpany, 5 ~~ ~ ~~' Beet, ~ ~ Suite ~ ~ 50, a~land, A 94~~7 alifarnia the Escrow Agents within ~~ ~5} days frarn and aver the date on which the Seller has approved this Agreement. This Agreement constitutes the joint escrow instruct~ans of the .Agency and the Seller and a duplicate original of this Agreement shall be delivered to the Escrow Agent upon the opening of the escrow. The Escrow Agent hereby is empowered to pct under this ,Agreement, and upon ~ndicat~ng its acceptance of this Section ~ and of the General Provisions described in Exhibit "B„ attached hereto and incorporated herein by this reference, in wxiting, delivered to the Agency and to the feller within five ~~ days aver delivery of this Agreement, shall carr}r out its duties a Escrow Agent hereunder, Agency agrees to bear and Escxov~ Agent is hereby authari~ed to charge to the Agency the cast of any trans~ex tapes, recording fees, cast of tale insurance reconveyance fees, document preparation fees, escrow fees at~d an~r other closing casts incidental to the can~rey1ng of said real property to Agency. Penalties for prepayment of bans f de obligations secured by any existing deed of trust ar moxtgage shall be waived pursuant to ~i~il fade Proceduxes Section 1 ~5.~~0, The liability to the Escrow Agent under this Agreement i limited to perfar~nance of e obligations impaled upon it under Section 4, Section ~, Section ~ 1 and Exhibit "B" afthe enexal Provisions of this Agreement. Pro ert Faxes. Sued Veal prapertY taxes if any, o~ said real property for the fiscal gear within wch said real property is conveyed to Agency as are unpaid at the time of said conveyance shall be cleared and paid in accordance with the provisions of Section 4~~G of the Revenue and Taxation bode of the State of alifarnia. Seller shall be eligible for a refund under Section ~a9G.? of the Revenue and Taxation fade of the State of California for that portion of property taxes an said real property for said fiscal year which have been paid. prior to the data the deed conveying said real prape~ to ,Agency is recorded which is allocable to that portion of the seal year which begins on the date the deed conveying said real property toAgency is recorded and made uncallectible if unpaid by reason of Section 4~SG of the Revenue and Taxation bode of the State of California. All unpaid taxes an said real property far any and all years prior to the seal year within which said conveyance is r~aade shall be paid by Seller before conveyance of said real property to Agency; ~. Payment of Purchase Price. Agency agrees to pay to Seller, anal Seller agrees to accept from Agency, as and for the full puxchase price far said ~# aft ~ real property sites, fixtures equipmant ~imp~rave~nents pertaining to the realty, oad~vill cif any'}a se~rerance damages, and relaeation claims pu~'suant to ove~nrnen~ bode ~~~~ et s., the tata.l sun one hu~~d~ed a~Id fifteen thousand dollars And fall ~~ ~ ~ ~ ;~~~.~~~. Agency agrees to deposit said purchase pace in escrow with the Escrow Agent within Thirty ~~~~ days frarn anal aver the date an which the Agency has approved this Agreement, and the Escrow Agent is hereby authorised to pay the same to Sellex upon and aver: ~a~ conveyance of said real property by Seller to Agency as hereia~above provided; ~ Acceptance by Agency of a grant Deed canveyxri said real propety to Agency, ~c~ ~el~very to Agency of the pallor of title msuxance as here~nabave provided; ~~~ kec~rdation of the Deed conveying said real property to Agency.