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d. Recordation of the Deed conveying said real property to City.
<br />7, Possesslon, Seller, agrees to deliver to Clty� on the date the Deed. corveyina saJ.d. real properly to
<br />City is recorded, quiet and peaceful possession of said real property, which shall be made free by Seller of all
<br />personal property.
<br />a. No later than fourteen days (14) days after close of escrow, Seller shall have removed all
<br />merchandise, inventory, equipment, personal property, and/or removable trade fixtures from
<br />the Property. Any, merchandise,, inventory,,, equlpmeant,, personal property.,, and(or removable
<br />trade fixtures at the Property as of three days after close of escrow shall be deemed
<br />abandoned by Seller on that date.
<br />b. if Seller does not vacate the Property by the above stated date, the Seller agrees to have the
<br />Court immediately issue a Writ of Possession and/or Assistance, directing the Marshall or
<br />Sheriff of Orange County, to take physical possession of the Property in favor of the City,.
<br />Seller waives the right to have the City file an unlawful detainer action, as well as waive the
<br />right to any hearing or any requirements for an application by City to obtain the Writ of
<br />Possession and/or Assistance and waives any and all rights to object to the Issuance of said
<br />Writ if Seller does not vacate the Property by fourteen (14) days after close of escrow.
<br />8, Rillintgil Ana Qcg{tRgncy 6v Seller, Seller agrees to execute a complete, current and correct
<br />statement of rentals (Seller Estoppel) on a form furnished to Seller by City and deliver same to City within
<br />fifteen (16) days hereof with copies of any written leases or rental agreements attached. All rents will be
<br />prorated as of the close of escrow on the basis of a 30-day month/360-day year consistent with that
<br />statement, subject to approval of City. Seller hereby agrees not to rent any units on the premises which are
<br />vacant as of the date that this agreement is executed by seller, or which may be vacated by present
<br />occupants prior to close of escrow. In return, the City agrees to reimburse Seiler lost rentals Incurred by
<br />keeping units vacant through the close of escrow. Seller agrees that any and all Tenant Security Deposits
<br />pertaining to the subject property collected by or in the possession of Seller prior to the close of escrow shall
<br />be transferred to and become the property of City during escrow.
<br />Seller hereby warrants that the rental statement referred to shall include the terms of all rental agreements,
<br />tenancies, and leases (written, unwritten, recorded, or unrecorded) and Seller agrees to hold City harmless
<br />from all liability from any such leases or agreements. Seller also warrants that there are no oral or written
<br />leases on all or any portion of the subject property exceeding a period of one month.
<br />to Waive . The, waiver by City of any breach• of any covenant or agreement herein, contained, ON the.
<br />part of the Seller shall not be deemed or hold to be a waiver of any subsequent or other breach of said
<br />covenant or agreement nor a waiver of any breach of any other covenants or agreements contained herein.
<br />10. Heirs, Assigns, Successors41n-Intereat. This PSA, and all the terms, covenants and conditions
<br />hereof, shall apply to and bind the heirs, executors, administrators, successors and assigns of the respective
<br />Parties hereto._
<br />11. Time Is of the Essence. In all matters and things hereunder to be done and in all payments
<br />hereunder to be made, time is and shall be of the essence.
<br />12. Just Compensation. Seller acknowledges and agrees that said purchase price is just compensation
<br />at fair market value• for said real, property. and Includes- payment. for fixtures & equipment (Improvernents-
<br />pertaining to the realty) and severance damages,
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