P & P LAND MANAGEMENT 2 - 2005 - Laserfiche WebLink

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(a) Conveyance of said real property by Seller to City as hereinabove provided; (b) Acceptance by City of a Grant Deed conveying said real property to City; (c) Delivery to City of the policy oftitle insurance as hereinabove provided; (d) Recordation of the Deed conveying said real property to City. 7. Vacation Date. Seller agrees to vacate the property on or before December 31, 2005, which includes quiet and peaceful possession of said real property, including removal of all personal property. 8. Rental and Occupancv Bv Seller. Seller agrees to execute a complete, current and correct statement of rentals on a form furnished to Seller and delivers same to Buyer within fifteen (15) days hereof with copies of any written leases or rental agreements attached. Seller hereby agrees not to rent any units on the premises which are now vacant, or which may be vacated by present occupants prior to close of escrow. Seller hereby warrants that the rental statement referred to shall include the terms of all rental agreements, tenancies, and leases (written, unwritten, recorded, or unrecorded) and Seller agrees to hold Buyer harmless from all liability from any such leases or agreements. Seller also warrants that there are no oral or written leases on all or any portion of property, exceeding a period of one month, except the Rental Agreement between seller and Alejandro Guido. (Mr. Guido is the tenant occupying the apartment unit above the medical clinic.) Upon close of escrow, the Seller may continue to operate the North Bristol Clinic, with no rental charged by the City, up to the Vacation Date, as defined in this agreement. If the Mr. Guidio continues to occupy the second story apartment unit after the close of escrow, the Seller agrees to release and accommodate the City, with the collection of rent up to the date Mr. Guido vacates the real property. If the close of escrow is other than the first day of the calendar month, the rent payable to the seller, under Mr. Guido's existing lease, shall be prorated between the seller and the City according close of escrow date. Upon the close of escrow, the Seller shall provide evidence of the Insurance as outlined in paragraph 9 of this agreement. 9. Insurance and Additional Insured. At the close of escrow, Seller shall provide the below described insurance documentation to the legal counsel of City. Seller must maintain such insurance to the Vacation Date, and maintain insurance as described below: a. Commercial General Liability Insurance. Seller shall maintain commercial general liability insurance naming the Agency, its officers, employees, agents, volunteers and representatives as additional insured(s) and shall include, but not be limited to protection against claims arising from bodily and personal injury, including death resulting therefrom and damage to property, resulting from any act or occurrence arising out of Tenant's operations, including, without limitation, acts involving vehicles. The amounts of insurance shall be not less than the following: single limit coverage applying to bodily and personal injury, including death resulting therefrom, and property damage, in the total amount of $1,000,000 per occurrence. Seller shall supply the City with a fully executed additional insured endorsement in substantially the form attached hereto as Exhibit B upon execution of this Agreement and such insurance must be approved in form by the City's Legal Counsel. 3