MARRERO, FREDI 1 - 2008 - Laserfiche WebLink

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FOUR HUNDRED AND NO/100 DOLLARS ($131,400.00). Seller agrees to remove the perimeter wrought iron fencing on Said Real Property on or before September 30, 2008. Any future relocation of said perimeter fence shall be paid for by Seller and shall be performed in accordance with all applicable laws and City ordinances then in effect. City agrees to deposit said purchase price in escrow with the Escrow Agent within Sixty (60) days from and after the date on which the City has approved this PSA, and the Escrow Agent is hereby authorized to pay said purchase price to Seller only after or concurrent with the satisfaction of the following conditions precedent: (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 of title insurance as hereinabove provided; (d) Recordation of the Grant Deed conveying Said Real Property to City. 7. Possession. Seller agrees to deliver quiet and peaceful possession of Said Real Property to City on the date the Grant Deed conveying title to Said Real Property is recorded with the Office of the County Recorder for Orange County. Seller agrees to have all personal property removed from Said Real Property on or before September 30, 2008. 8. Blank. This section intentionally left blank. 9. Waivers. The waiver by City of any breach of any covenant or agreement herein contained shall not be deemed or held to be a waiver of any subsequent or other breach of said covenant or agreement nor a waiver of any breach of any other covenants or agreements contained herein. 10. Heirs. Assians. Successors in Interest. This PSA, and all the terms, covenants and conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and assigns of the respective Parties hereto. 11. Time is of the Essence. In all matters and things hereunder to be done and in all payments hereunder to be made, time is and shall be of the essence. 12. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, permission to enter upon Said Real Property at all reasonable times prior to close of escrow for the purpose of making necessary inspections. 13. Just Compensation. Seller acknowledges and agrees that said purchase price is just compensation at fair market value for Said Real Property, including fixtures & equipment (improvements pertaining to the realty), goodwill (if any), severance damages (if any), and bonus value (if any). 14. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-36, P.O. Box 1988, in the city of Santa Ana 92702, County of Orange, State of California. The mailing address of the Seller is: Page 3 of9 SolIe,', lnitialfI/