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RIOS, ANTONIO DBA THE SMOG PLACE - 2013
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RIOS, ANTONIO DBA THE SMOG PLACE - 2013
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3/25/2015 1:24:38 PM
Creation date
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Contracts
Company Name
RIOS, ANTONIO DBA THE SMOG PLACE
Contract #
A-2013-184
Agency
PUBLIC WORKS
Council Approval Date
12/2/2013
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assessments, leases, and taxes. Unless otherwise provided, recording of the Quitclaim Deed and <br />Closing (as defined below) of the transaction described herein shall be subject to Tenant - Seller's <br />vacation of the Premises and proof of clear title to all said Improvements having been obtained <br />and received by Buyer in accordance with Paragraphs 8 and 9 of this Agreement. <br />5. RECORDING. Recordation of any documents delivered through this Agreement is <br />authorized if necessary or proper, upon acceptance by Buyer as described herein. <br />6. CERTIFICATION OF OWNERSHIP. Tenant - Seller hereby warrants and certifies tinder <br />penalty of perjury that Tenant - Seller is the owner of the Improvements and that no document has <br />been signed by or on behalf of Tenant- Seller for the purpose of creating any lien, encumbrance, <br />or security interest in any of the Improvements, and that the Tenant- Seller does not know of any <br />claim of lien, encumbrance, or other security interest therein, EXCEPT: (a) Trust Deeds on the <br />Property, duly recorded; and (b) real and personal property taxes. <br />7. PERMISSION TO ENTER PREMISES. Tenant - Seller hereby grants Buyer or its <br />authorized agent's permission to enter upon the Premises at all reasonable times prior to Closing <br />of this transaction for the purpose of making necessary inspections. <br />8. BULK SALE. In order to establish proof of clear title to the Improvements, Buyer may <br />publish a Notice to Creditors pursuant to the Bulk Sales Law of the State of California and obtain <br />a title report and /or a report from the Secretary of State's Office as to filings of security interests <br />covering the Improvements. <br />9. CONFLICTING INTERESTS. In the event any conflicting claim of title or any security <br />interest or lien of any kind is discovered or asserted as to any of the Improvements, Buyer shall, <br />upon receiving notice or knowledge thereof, withhold an amount otherwise payable to Tenant - <br />Seller as is reasonably necessary, in the sole opinion of Buyer, to protect Buyer against such <br />claim of interest or lien. The withholding of such funds shall not prevent Closing of this <br />transaction if the total finds to be withheld from Tenant- Seller do not exceed the net amount to <br />be paid to Tenant- Seller through this transaction. Buyer will not pay out the withheld funds or <br />disburse any withheld funds to any claimant or other party (except upon court order or levy) <br />without the written consent of Tenant - Seller. <br />A general creditor's claim shall not be deemed to be a claim against any specific item of <br />Improvements and Tenant - Seller hereby agrees to accept all responsibility therefore. Unless <br />otherwise provided, it shall be presumed that Tenant - Seller is entitled to payment under this <br />transaction for the Improvements. It shall be presumed that the Property owner is the owner of <br />all improvements, fixtures and equipment associated with the Premises other than the <br />Improvements. <br />10. DISMISSAL OF EMINENT DOMAIN ACTION. If Buyer has previously filed an <br />action to condemn the Tenancy Interest and/or Tenant- Seller's interest in the Improvements, <br />Tenant- Seller hereby consents to the dismissal of such action and waives any claims for <br />compensation, costs, attorney's fees and deposits in said action, or any claim whatsoever which <br />might arise out of the filing of such action, whether or not such claim is specifically identified <br />herein. Tenant - Seller hereby authorizes Buyer to withdraw and make payable to Buyer any <br />funds deposited with the Court in any such eminent domain action. <br />2 <br />
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