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Last modified
4/6/2023 4:45:26 PM
Creation date
4/6/2023 4:44:40 PM
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Contracts
Company Name
GARNSEY CORP.
Contract #
A-2023-058
Agency
Community Development
Council Approval Date
4/4/2023
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G ,,�DEN COAST <br />130 CPnit immI 11 a\ A)• frnliu. (-A')174n <br />Pllouc (7 1 1) 881-1282 1':I_A 171 It "81-7,181 <br />(711)881-'1271 CcIIi!I1''11:1,789312 <br />ddcnci,a,lc,rn,u.n n u <br />Inrt-��.:;,,If ICnr..;f51c5r1 f rt\'.I ICI <br />Date. 2/24/2023 Escrow No.: 44S4-LG Escrow Officer: Lucia Guzman <br />THIS DOCUMENT WILL AFFECT YOUR LEGAL RIGHTS — READ IT CAREFULLY! <br />These Supplemental Escrow Instructions are not Intended to supersede the certain Purchase Agreement and Escrow <br />Instructions dated 2/24/2023, but are for the purpose of procedures in order for the Escrow Officers to be able to transfer the <br />ownership of the property from the Sellers to the Buyers in an administrative way. <br />SUPPLEMENTAL CASH ESCROW INSTRUCTIONS & GENERAL PROVISIONS <br />Buyer has handed Escrow Holder an initial deposit in the amount of 0.00 <br />Buyer will deposit with Escrow Holder and additional deposit <br />On or before 2/28/2023 in the amount of 750,000.00 <br />TOTAL CONSIDERATION $ 750,000.00 <br />Prior to the expiration of the time specified in this paragraph, Buyer(s) and/or Seller(s) will hand Escrow <br />Holder, or cause to be handed to Escrow Holder, all funds and/or documents, required from Buyer(s) <br />and/or Seller(s) to enable you to comply with these instructions, all of which Escrow Holder is authorized <br />to use and/or deliver on 2/28/2023, provided that our title Insurer, Ticor Title Company, has advised <br />you that they are in a position to issue an Owner's Policy of Title Insurance in the issuing title company's <br />usual form (as specified in with a liability of not less than the total consideration of $7SO,000.00, and <br />insuring title to Real Property described as: <br />All that certain real property situated in the County of Orange, State of California described as follows: <br />See Attached, Exhibit'A', made a part hereof <br />APN# 005-142-02 <br />Commonly known as: (Escrow Holder shall not be concerned nor liable for the verification of said address) <br />943 N Garnsey St, Santa Ana, CA 92701 <br />For purposes of this transaction the BUYERS) <br />Buyer(s) complete vesting is to be provided to Escrow Holder <br />For purposes of this transaction the SELLER(S) is shown as Fee title to the property subject of this <br />escrow is vested in: The undersigned Seller(s) amend the Residential Purchase Agreement and <br />Joint Escrow Instructions (and Receipt for Deposit) to provide for the above referenced vested <br />party(ies) as the Sellers. <br />Buyer and Seller confirm that for the proposes of this escrow, the Escrow Holder shall be Golden <br />Coast Escrow, Inc. and Title Company shall be Ticor Title Company for this transaction. <br />Free from Encumbrances EXCEPT: <br />1. Current general and special taxes for the fiscal year in which this escrow closes, and taxes for the ensuing <br />year, if any, a lien not yet due and payable. <br />2. The lien of supplemental taxes, if any, assessed pursuant to Chapter 3.5 (commencing with Section 75) of <br />Seller(s) Initials <br />Buyer(s) Initials <br />Page 1 <br />
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