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(b) Delivery to City of (or commitmen t to deliver) the policy of title i nsura nce as hereinabove <br />provided. <br />7 . P ossess ion . Seller agrees to deliver to City, on the date the Grant Deed conveying sa id real <br />property to City is recorded, q u iet and pea c efu l possession of said rea l property , whi ch shall be made free by <br />Selle r of all persona l prope rt y. <br />a . No late r than fourteen (14) day s after the c lose of escrow, Sel ler shall have removed all <br />merchandise, i nventory, equipment, p ersona l property , and/o r removable trade fixtu res from <br />the Property. Any mercha ndise, inventory, equipme nt, person al p roperty, a nd /or rem ovabl e <br />tr ade fixtures at th e Pro p e rty as of fo u rt een (14 ) days after the close of esc row sh all be <br />dee m ed aba ndoned b y Se ll er on th a t da te . <br />b. If Seller d oes n ot vaca te th e Propert y by th e above st a ted d ate , th e Selle r agrees to hav e the <br />Co urt i mmedi ately issue a Writ of P ossession a nd /or Assist ance , directi ng the Ma r shal l or <br />She riff of Oran ge Coun ty to take ph ysical possession of the Property in favor of th e C ity . <br />Seller w aives the rig ht to ha ve the City file an un lawfu l d etainer acti on , as well as wa ive the <br />right to any h ea r ing or a n y requiremen ts for a n appl icati o n by Ci ty to obtai n the W ri t of <br />Possession a nd/or Assi stan ce and wa ives any an d a ll ri ghts to object to th e i ssuance of said <br />Writ if Selle r doe s n ot vaca te th e Pro pe rt y by fo urtee n (14 ) d ays a ft e r the close of es crow . <br />8. Re n ta l a n d Occ u p ancy B y Seller. Inte n tion a lly d e lete d . <br />9. Wai ve r s. T he waive r by C ity o f any breach of any covenan t o r agreement herein contained o n the <br />part o f the Seller sh all n ot be d eemed or held to be a waiver of any s u bsequent or other breach of sa id <br />covenan t or a g ree m e nt n o r a waiver of an y b re ach of a ny other cove nan ts o r agreements co nt ained here in. <br />10. Heirs, Ass ig n s, S uccessors-in-Interes t. Th is PSA , a nd al l t he terms, cove na nts and condi t io ns <br />he reof, sha ll a pply to and b in d th e heirs, e xec utors , ad ministrators , successors and assig ns of th e res pect ive <br />part ies hereto. <br />11. Tim e is of t he Essence . In all matters and things h e re under to be done and in all payments <br />hereu nder to be made , time i s and s hal l be of th e e ssence . <br />12. J ust Com p ensat i on . Seller acknowledges and agre es th at said pu rch ase price is just co m pen s ati o n <br />at fa ir market value for s a id real property a nd incl udes paymen t for fi xtures & equi pmen t (improvements <br />pe rt ainin g to the re alty). <br />13. Acknowledgment of Full Benefits and Release . <br />A. By e xecuti on of thi s Agreem en t , Se ll e r , o n be ha lf of h ims elf, h is heirs , e xecuto rs , ad min istrato rs , <br />successors a nd as s ign s, he reby ackno w led ge s t hat this A g ree m e nt p rov ides ful l payme nt fo r t he <br />acqu isi tion of t he Pro perty by Bu yer, a nd Se ll er hereby e x pre ss ly and un con di ti onally waives an y <br />clai m for compe nsati o n for injury to the re mai nde r ("seve ran ce damages"); p reco nd e mnatio n <br />damages; cl aims for in v e rse condem n at io n ; lo ss of goodwi ll a nd/or lost profits ; lo ss or i m pa irm ent of <br />any "bonus value" attributable to an y l ease ; d am a g e t o o r loss of im p rovemen ts pe rt ain in g to the <br />rea lt y damage to o r l oss o f machiner y , fixtures , inve ntory , equipment and/or personal property; any <br />right to repurchase, leaseback from Seller, or receive any financial gain fro m . the sale o f any porti o n <br />of th e Property , or challenge Buyer's ad optio n of a resol ution o f necessi ty , pu rsuant to Code of Civi l <br />Procedu re sect ions 1245.245; any right to re ce ive any notices pursuant to Co de of Civil P rocedure <br />secti on 1245 245; a n y r ight to e nforce any other ob ligatio n p laced upon Sel ler pursuan t to Code of <br />Civi l Procedure se c ti ons 1245.245, 1263 .025 a nd 1263.615; a ny other rights co nfe rred upo n <br />Defenda nts pu rsu an t t o Code o f C iv i l Proced ure sections 1245.245 and 1263.615 an d 1263.025; an d <br />att orney 's fees and c o s ts . T hi s re lease sha ll survive t he C lose o f Escrow . <br />Thi s ack nowl ed gment and re lease sh a ll su rvive t he C lose o f Escrow.