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

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7. ~osessian. Seller agrees to deliver to Agency, on the date the Deed conveying said real property to A enc is recorded, quiet and peaceful possession of said real praperty~ which shall be made free by Seller ofall personal property. ~. U~'a~~ers. The waiver by Agency of any breach of any covenant or agreement herein contained an the art of Seller shall not be deemed ar held to be ~ waiver of any subsequent or other breach of said covenant or p agreernent nor a waiver of any breach of any other covenants ar agreerr~ents contained herein. ~. heirs Assi s Etc.IProbate A roval a. This Agreement, and all the terms, covenants and conditions hereof, shall apply to and bind the heirs executors, administrators, successors and assigns ai`the respective parties hereto. Court can~rrr~ation ofthe sale may not be required, subject to notice of the terms of the sale to ben,e~ciarieslheirs. ~f a benef~ciaryfheir objects to the term of sale, court conf~rn~atian of the sale shall be required. Buyer shall have days aver receipt of notif cation of a beneficiary ar heir's abj ection to elect to cancel this agreern~nt. b}. ~f Probate Court approval is necessary, Seller shall file a petztion to confirm the sale of the Prape~ with the court. Seller shall notify Buyer in writing of the court cQn~rination hearing date, time and location. California Probate Cade nay require a legal notice to be published in a heal newspaper advertising the sale of the property. tfpublicatian is required, Buyer understands that Seller zs unable to accept Buyer's offer until aver the expiration of the period set forth in the published notice. to such case, acceptance of this offer prior to publication is voidable. ~f the court approves the sale to Buyer, all deposit money {if any held on behalf of Seller shall be applied toward the purchase price. ff the sale is not conl"~.rmed to Buyer due to an overbid, Buyer's deposit money, less applicable costs shall be returned to Buyer. If the sale is canrmed by the court, order Conf~iing Safe to Buyer will be issued by the court. Buyer shall pay the balance of the purchase price within I0 days from receipt of such order by escrow holder yr Buyer. The purchase price offer must be at least 9~ percent of the probate referee's appraised or re-appraised value of the property unless exempt. If the purchase price is less than 9~ percent ofthe probate referee's appraised value, Buyer may increase the purchase price to the nlinirnu arnaunt required, or may withdraw frame. this transaction and receive a refund of Buyer's deposit, less applicable casts. If Buyer defaults aver court canrrnation, the order canning sale nay be vacated. Buyer shall pay ar~y amount the court determines to satisfy any defleienc~es of sale pace, casts, ar other losses by feller. l a, ~T~me ~s of the l~ssence. In all matters and things hereunder to be done and in all payments hereunder to be nude, time is and shall be of the essence. I I , Perrnlsslon to Enter on premises. Seller hereby grants Agency, and its authorized agents, permission to enter upon said real property at all reasonable tunes prior to close of escrow far the purpose of mal~ing necessary ~ . lnspeCtl~n~. I~. ,lust Cam ensation. Seller acl~nowledges and agrees that said purchase price is just compensation at fair market value for said teat property and includes any ar~d all futures and equipment, goodwill cif any} and severance. l~. ~o. The mailing address ofthe Seller is ~~~ youth Poplar Street, Santa A~~a,, Cixfor~a ~~~~'. The mailing address afthe Agency is ~ Civic Center Pla~a,1~, Santa Ana, California 927a1. I ~, Exc flans. Agency agrees to accept title to said real property subj ect to the following: Na Exceptions. ~ ~. Entire A~reer~~nNa Brokers. It is mutually agreed that the parties hereto have herein set Earth the whale of their Agreement. Performance of this Agreement by Agency shall lay at rest, each, every and all