SANTA ANA HOUSING AUTHORITY (4) -2016

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Document(s), it being understood that Buyer shall have no further recourse against Seller for such disapproved Title Exception(s). 7. Seller's Conditions Precedent and Termination Right. The Closing and Seller's obligations with respect to the transaction contemplated by this Agreement are subject to the timely satisfaction or written waiver of the following condition precedent ( "Seller's Contingencies "), which are for Seller's benefit only: (a) Completion of Title Review. Seller shall have received written confirmation from Buyer that Buyer has completed its review of title and that the condition of title is satisfactory. (b) Confirmation Concerning Site. Seller shall have received written confirmation from Buyer that Buyer has reviewed the condition of the Real Property, including without limitation concerning Hazardous Materials, zoning and suitability, and approves the condition of the Real Property. (c) Confirmation Regarding Buyer's Title Policy. Seller shall have received written confirmation from Buyer that Buyer has approved a pro forma title policy. (d) Delivery of Documents. Buyer's delivery of all documents described in Section 9, below. Should any of Buyer's Contingencies not be met by the Outside Date and Buyer has so informed Seller, Seller may, by written notice to Buyer, terminate this Agreement. If this Agreement is so terminated, then (except to the extent expressly allocated to one party hereto by this Agreement) any escrow, title or other cancellation fees shall be paid by Buyer. 8. Seller's Deliveries to Escrow Holder. (a) Seller's Delivered Documents. At least one (1) business day prior to the Closing Date, Seller shall deposit or cause to be deposited with Escrow Holder the following items, duly executed and, where appropriate, acknowledged ( "Seller's Delivered Items "): (i) Deed. The Grant Deed in the form attached hereto as Exhibit B (the "Deed "). (ii) FIRPTA/Tax Exemption Forms. The Transferor's Certification of Non - Foreign Status in the form attached hereto as Exhibit C (the "FIRPTA Certificate "), together with any necessary tax withholding forms, and a duly executed California Form 593 -C, as applicable (the "California Exemption Certificate "). (iii) Hazard Disclosure Repo . Seller shall obtain and deliver to Buyer or shall cause Escrow Holder to obtain and deliver to Buyer, at Seller's cost, a Natural Hazard Report as provided for under Sections 1102 and 1103 of the California Civil Code (the "Natural Hazard Report") on or before the Contingency Date. (iv) Possession of Real Propert y. Possession of the Real Property free of any tenancies or occupancy.