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DEUTSCHE BANK NATIONAL TRUST-2008
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DEUTSCHE BANK NATIONAL TRUST-2008
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Last modified
10/21/2013 11:36:42 AM
Creation date
8/28/2008 9:43:24 AM
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Contracts
Company Name
DEUTSCHE BANK NATIONAL TRUST
Contract #
A-2008-245
Agency
PUBLIC WORKS
Council Approval Date
8/18/2008
Destruction Year
0
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date on which ttw city has approved this PSA, and the Escrow Agent is hereby authorized <br />to pay the same to Seller upon and after. <br />($~ ~~~~ ~ ~~ Real property by Seller to City as hereinabove provided; <br />(b) Accsptar~e by City of a Grunt Deed Conveying Said Real Property to City; <br />(c) Delhrery to City of the pc{Icy of title lnsurence as herein hove required; <br />(d} Recordadon of the Deed canveylns Said Real Property <br />7, Poe 1,~,, 5etier agrees to deliver to Clty, on the dat~- tl'te Deed cxmveYinq <br />Said Real Properly to city ;a recorded, quiet and peaceful possession d Said Rol <br />Property, which shall be made free by Seiler of an personal i~'opertY~ <br />g, aR.~esr ..,a neeuo nov v Sellelt-SeAar agrees bo execute a complete, current <br />and correct statement m renters tseller Estoppels} on s faun fumished to Seller by <br />Buyer and to deliver same to Buyer within frl~en (i~ days heroaf with rsoplea of any <br />written leases or rental agreements attached. Ali r9nts will be prorated as of the close of <br />escrow on the basin of a 30-dey month / 36t)-daY not rent arty units oa the premises <br />subject to approval of Buyer. 8efler hereby egress <br />which are now vacant, or which may be vacated by the presets occupants prior ro class <br />vt escrow. Seller egress that any and aN tenant security deposits pertain[rtg to the subject <br />properly caftvcted by or that are ii1 the possession of Sel{ar prbr to the close of escrow <br />shalt be transferred to and become the property of Buyer luting ~'°'"~ <br />;,slier hereby warrants that the rer~l statement refemad to shah include the terms of sit <br />rental agreernerite, trtnandes, and leases (oral or written, recorded. or unrecordedy and <br />Seller asraea to hold Buyer harmless from sit liability from any such (eases or <br />aortlon of the subject property e~aceeding a period of a samori~. ~n leases on ell or any <br />p <br />g, alvs~rs. The waiver by City of any breach of arty covenant or agreement herein <br />conta~ed an the part of Seller shall not be deemed or held to be a waiver M any <br />subsequent or other bread'r of said covenant or agreement nor a waiver of any breach of <br />any other covenants or agrsemetrts contained herein. <br />10. S rs This PSA, and ail the ~rrris, <br />eovenarits and cQndi~arts hereof, shall apply to and bind the heirs, executors, <br />administrators, eucc~ssors and assigns of the respective Parties hereto. <br />1i, ~ Ire all mtatterB and things hereunder to be done and in <br />at{ payrnerrls hereunder to be made, time le Qnd shall be of the essence. <br />12, Parr>Rieslon to E ter on Pram es.~Seiler hereby grants Glty, and iGs <br />authorized agent8, permission to enter upon 6aid Real Property at all reasonable times <br />prior to close of esaraw fiar the purpose cf maKtng necsasary inapec'dons. <br />13. Just Camt~ensatlon. Seller acknowledges and agrees that the purchase price <br />indicated Nt Beaton 6, ab~, ~ just compensation at fair market value for Said Real <br />Property, including ail improvements to mid Real Property, and business goodwill, if <br />any. <br />Pass 3 of a SeUer'a initials <br />~~~ . . <br />90 "d Zb= TZ 8002 S 6ny S£9S-~b9-t7TZ: x~'~ '~.~ (I21£ 9i~L~ - t~ S Jl.LI~ <br />
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