|
<br />Cl<. ;r,,~p
<br />"unl\ MA?Wfc5CEED
<br />ClEAK OF CbUNCll
<br />DATE: '"' -0 > 07
<br />(o):PV'lA (2.)
<br />Cl<. ;r,,~p
<br />PURCHASE AND SALE AGREEMENT AND BILATERAL ESCROW INSTRUCTIONS
<br />FOR ACQUISITION OF REAL PROPERTY
<br />(Residential)
<br />
<br />A-2007-069
<br />
<br />THIS AGREEMENT (hereinafter "PSA"), entered into on ,2007,
<br />between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized
<br />under the Constitution and laws of the State of California (hereinafter "City" or "Buyer"). and
<br />
<br />Valentina Ruiz
<br />
<br />(hereinafter "Seller"), regardless of number or gender;
<br />
<br />THEREFORE, for and in consideration of their mutual promises, covenants and agreements,
<br />and subject to the terms, conditions and provisions of this Agreement, Seifer agrees to sell to
<br />City, and City agrees to purchase from Seller, all that certain real property (hereinafter "Said
<br />Real Property") described as follows:
<br />
<br />All that certain real property located in the State of California, County of Orange. City of Santa
<br />Ana. described as follows:
<br />
<br />SEE EXHIBIT "A" ATTACHED HERETO
<br />AND BY THIS REFERENCE MADE A PART HEREOF
<br />
<br />(Commonly known as
<br />
<br />430 S. Bri....tol
<br />
<br />, Santa Ana, Ca)
<br />
<br />Said purchase and sale of Said Real Property shall be in accordance with and subject to all of
<br />the following terms, conditions, promises, covenants, agreements and provisions, to wit:
<br />
<br />1. Convevance bv Seller. Seller agrees to convey Said Real Property to City, by Grant
<br />Deed, at the office of Fir....t American Title Insurance Company,
<br />located at 2 First American Way~ Santa Ana , California,
<br />within thirty (30) days from and after the date on which the City has approved this PSA.
<br />
<br />2. Title to be Conveved. Seller agrees that. except as may hereinafter be expressly
<br />provided, Said Real Property shall be conveyed by Seller to City, as aforesaid. free and clear of
<br />any and all conditions, restrictions, reservations, exceptions, easements, assessments, profits,
<br />limitations, encumbrances (including any and all leases). liens, clouds or defects in title, except
<br />those exceptions shown in Paragraph 15 below. Seller hereby warrants that the title to Said
<br />Real Property shall be free and clear as provided above. Seller further agrees that acceptance
<br />by City of any deed to Said Real Property, with or without knowledge of any condition,
<br />restriction, reservation, exception, easement, assessment, profit, limitation, encumbrance
<br />(including any and all leases), lien, cloud or defect in title, shall not constitute a waiver by City of
<br />its right to the full and clear title hereinabove agreed to be conveyed by Seller to City, nor of any
<br />right which might accrue to City because of the failure of Seller to convey title as hereinabove
<br />provided.
<br />
<br />3. Title Insurance. Seller agrees to deliver to City, concurrently with the conveyance of
<br />title to Said Real Property to City, within the time and at the place hereinabove specified, a
<br />policy of title insurance to be issued by the above mentioned title Insurance company, with the
<br />
<br />
<br />Page lor, Seller's Initial(j/f
<br />
|