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DocuSign Envelope ID:A43F09A5-E094-42413-89137-8241 CD31313584
<br /> PURCHASE AND SALE AGREEMENT FOR ACQUISITION OF REAL PROPERTY
<br /> AND BILATERAL ESCROW INSTRUCTIONS
<br /> 3/25/2022
<br /> THIS AGREEMENT ( hereinafter " PSA") , entered into on 2022 ,
<br /> between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the
<br /> Constitution and laws of the State of California (hereinafter "City" or "Buyer"), and, HuuAn Nguyen, a single
<br /> man (hereinafter "Seller"), regardless of number or gender;
<br /> THEREFORE, for and in consideration of their mutual promises, covenants and agreements, and subject
<br /> to the terms, conditions and provisions of this PSA, Seller agrees to sell to City, and City agrees to
<br /> purchase from Seller, that certain real property (hereinafter "Said Real Property") legally described as
<br /> follows:
<br /> SEE EXHIBIT "A" — Legal Description
<br /> ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF
<br /> (Commonly known as 315 E. 1711 Street, Santa Ana, CA 92706)
<br /> (APN: 003-153-49)
<br /> Said purchase and sale of Said Real Property shall be in accordance with and subject to all of the following
<br /> terms, conditions, promises, covenants, agreements and provisions, to wit:
<br /> 1. Conveyance by Seller. Seller agrees to convey said real property to City, by Grant Deed, at the
<br /> office of Fidelity National Title, 4400 MacArthur Blvd., Suite 200, Newport Beach, California, within sixty (60)
<br /> days from and after the date on which the City has approved this Agreement.
<br /> 2. Title to be Conveyed. Seller agrees that, except as may hereinafter be otherwise expressly provided,
<br /> said real property shall be conveyed by Seller to City, as aforesaid, free and clear of any and all conditions,
<br /> restrictions, reservations, exceptions, easements, assessments, profits, limitations, encumbrances (whether
<br /> monetary or non-monetary, general or specific, including any and all leasehold interests), liens, clouds or
<br /> defects in title except those exceptions shown in Paragraph 15 below. Seller hereby warrants that the title to
<br /> said real property to be conveyed by Seller to City shall be free and clear as provided above. Seller further
<br /> agrees that acceptance by City of any deed to said real property, with or without knowledge of any condition,
<br /> restriction, reservation, exception, easement, assessment, profit, limitation, encumbrance (whether monetary
<br /> or non-monetary, general or specific, and including any and all leasehold interests), lien, cloud or defect in
<br /> title, shall not constitute a waiver by City of its right to the full and clear title hereinabove agreed to be
<br /> conveyed by Seller to City, nor of any right which might accrue to City because of the failure of Seller to
<br /> convey title as hereinabove provided.
<br /> 3. Title Insurance. Seller agrees to deliver to City, concurrently with the conveyance of said real
<br /> property to City, within the time and at the place hereinabove specified for said conveyance of said real
<br /> property, a policy of title insurance to be issued by the above mentioned title company, with the City therein
<br /> named as the insured, in the amount of $550,000 (Five Hundred Fifty Thousand Dollars) insuring the title of
<br /> the City to said real property is free and clear of any and all conditions, restrictions, reservations, exceptions,
<br /> easements, assessments, profits, limitations, encumbrances (whether monetary or non-monetary, general or
<br /> specific, and including any and all leasehold interests), liens, clouds or defects in title, excepting such specific
<br /> ones as city may hereinafter expressly agree to take subject to. Acceptance by City of any such policy of
<br /> insurance, whether such insurance complies with the requirements of this paragraph or not, shall not
<br /> constitute a waiver by City of its right to such insurance as is herein required of Seller, nor a waiver by the
<br /> City of any rights of action for damages or any other rights which may accrue to City by reason of the failure
<br /> of Seller to convey title or to provide title insurance as required in this Agreement.
<br /> City Council 20 — 4 5/3/2022
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