MORRISON, TOM AND PATRICIA, HSIEH, JIMMY AND MARQUEZ, NATALIE (2)

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INSU441%1CF NOT REQUIRED- lh.TVAAY PROCEED Return FULLLY EXECUTED CLERK OF COUNCIL Copy to COTC, M-30 DATE Commonwealth" NATIONAL COMMERCIAL SERVICES A-2022-195-01 Commonwealth Land Title Company 4100 Newport Place Dr., Suite 120 Newport Beach, CA 92660 Phone: (949)724-3141 FEB13 2023 0-'•VWA(5)(,AV) ESCROW ACCEPTANCE LETTER COPY Date: January 9, 2023 Escrow Number: 09185919-918-GKD Escrow Officer: Grace Kim Property Address: 206 S. Flower Street, Santa Ana, CA 92703 This letter shall serve as notification of the opening of escrow with Commonwealth Land Title Company, under the above referenced escrow number for property known as: 208 S. Flower Street, Santa Ana, CA 92703. The opening date is December 14, 2022, said date being the date escrow holder received a fully executed copy of the Agreement for Acquisition of Real Property and Escrow Instructions ("Agreement") dated October 4, 2022, by and between Patricia Morrison, Jimmy Hsieh, Natalie Marquez, Co -Trustees of the Mark Stephan Marquez Trust held under agreement dated February 28, 2002 ("Seller") and City of Santa Ana, a municipal corporation ("Buyer"). Commonwealth Land Title Company as Escrow Holder accepts said Agreement as the complete Agreement between the parties and agrees to act in accordance with the terms, conditions and provisions as required and as applicable to the closing of this escrow. The parties agree to hand escrow holder all necessary documents and funds to comply with all terms, conditions and provisions and as a condition of escrow holder's acceptance of the limited agency, agree to be bound by the attached General Provisions. Escrow Holder is given instructions to perform certain acts or with those paragraphs where Escrow Holder would generally and reasonably be expected to act. All other provisions of the Agreement, which the parties consider to be binding upon themselves, are considered to be outside the scope of Escrow Holder's responsibilities. Should there be a conflict in the terms of escrow holder's General Provisions and those of the Agreement, THE LATTER SHALL GOVERN. ATTORNEY RELEASE: If either party is represented by an attorney, Escrow Holder shall communicate with and rely upon instructions provided by the attorney. TERMINATION, BREACH OR DEFAULT: In the event of termination, breach or default by either Buyer or Seller, Escrow Holder may require mutual written instructions prior to the disbursement of any funds or documents. AUTOMATIC TERMINATION: In the event the Agreement contains an automatic termination clause, the cancellation of this escrow and disbursement of funds in accordance therewith, shall be without liability to escrow holder, without notice to or additional instruction from either party and notwithstanding any conflicting instructions that may be deposited by either party to the contrary. Buyer and Seller shall indemnify and hold escrow holder harmless from any loss that may be sustained due to escrow holders compliance with said instructions. INVESTMENT OF FUNDS: In the event either party calls for the investment of funds, it is acknowledged by Buyer and Seller that escrow holder must be in receipt of its standard form of investment instructions executed by the respective party and together with a completed and executed W-9 form that is required by the Bank prior to the establishment of the investment account. All parties are advised to seek the advice of their legal and/or tax representatives prior to the execution of this instruction. Buyer is made aware that the current rate of interest offered by most institutional Banks being less than 0.10% and the Escrow Fee of $50.00 to open and maintain an interest bearing account would not be an equitable profit to Buyer and therefore unless requested in writing otherwise, NO funds will be placed in an Interest Bearing Account. Escrow Acceptance Letter Printed: 0/0/0000 0:00 AM by TKO COMM0010 (DSI Rev. 04/19117) Page 1 Escrow No.: 09185919-918-GKD