ANGEL, AURORA-2007 - Laserfiche WebLink

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this reference made a part hereof, valued at SEVENTY FIVE THOUSAND AND N0/100 DOLLARS ($75,000.00). Thus, in addition to the payment in cash of NINE HUNDRED THRITY SEVEN THOUSAND AND N0/100 DOLLARS ($937,000.00), City agrees to transfer to Seller title to City's remnant portions of land on APN: 010-272-23, after subtracting the land area necessary for the Bristol Street Widening Project. The Remnant Parcels being transferred by City to the Seller measure approximately 2,572 square feet t. A legal description and plat map of the City's Remnant Parcels to be transferred to Seller will be provided to the Seller during escrow. 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. (e) Acceptance by Seller of a Grant Deed from the City transferring clear and marketable title to the Remnant Parcels as described hereinabove and depicted in Exhibit "C". 7. Possession. Seller agrees to deliver to City, on the date the .Grant Deed conveying Said Real Property to City is recorded, quiet and peaceful possession of Said Real Property. 8. Waivers. The waiver by City of any breach of any covenant or agreement herein contained on the part of Seller 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. 9. Heirs, Assigns, Successors in Interest. This Agreement, 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. 10. 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. 11. 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. 12. Just Compensation. Seller acknowledges and agrees that said purchase price referenced in paragraph 6, above, is just compensation at fair market value for Said Real Property and includes payment for fixtures & equipment, improvements pertaining to the realty, bonus value, if any, and severance damages. 13. 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 of 9 Seller's Initials