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<br />10. Heirs. Assicms, Successors in Interest. This PSA, and all the terms, covenants and
<br />conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and
<br />assigns of the respective Parties hereto.
<br />
<br />11. Time is of the Essence. In all matters and things hereunder to be done and in all
<br />payments hereunder to be made, time is and shall be of the essence.
<br />
<br />12. Permission to Enter on Premises. Seller hereby grants City, and its authorized
<br />agents, permission to enter upon Said Real Property at all reasonable times prior to close of
<br />escrow for the purpose of making necessary inspections.
<br />
<br />13. Just ComDensation. Seller acknowledges and agrees that said purchase price is just
<br />compensation at fair market value for Said Real Property and includes payment for
<br />improvements pertaining to the realty, business goodwill (if any), and severance damages (if any).
<br />
<br />14. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-36,
<br />P.O. Box 1988, in the City of Santa Ana 92702, County of Orange, State of California. The
<br />mailing address of the Seller is:
<br />
<br />Vision 123 Property Management, Inc.
<br />2913 EI Camino Real, #102
<br />Tustin, California 92782
<br />Attention: Tim Youn
<br />
<br />15. ExceDtions. City agrees to accept title to Said Real Property subject to the following:
<br />
<br />NONE.
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<br />16. Entire Aareement. It is mutually agreed that the Parties hereto have herein set forth
<br />the whole of their Agreement. Performance of this PSA by City shall lay at rest, each, every,
<br />and all issuers) that were raised or could have been raised in connection with the acquisition of
<br />Said Real Property by City.
<br />
<br />17. Hazardous Waste. Neither Seller nor, to the best of Seller's knowledge, any previous
<br />owner, tenant, occupant, or user of the Property used, generated, released, discharged, stored,
<br />or disposed of any hazardous waste, toxic substances, or related materials ("Hazardous
<br />Materials") on, under, in, or about the Property, or transported any Hazardous Materials to or
<br />from the Property. Seller shall not cause or permit the presence, use, generation, release,
<br />discharge, storage, or disposal of any Hazardous Materials on, under, in, or about, or the
<br />transportation of any Hazardous Materials to or from, the Property. The term "Hazardous
<br />Material" shall mean any substance, material, or waste which is or becomes regulated by any
<br />local governmental authority, the State of California, or the United States Government,
<br />including, but not limited to, any material or substance which is (i) defined as a "hazardous
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<br />Seller Initials '\~
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<br />CAO Initial~
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