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518 N Bristol
<br />Property Address: Septa Ana, CA
<br />Date: February 3, 2009
<br />18. PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed in writing, the following items shall be PAID
<br />CURRENT and prorated between Buyer and Seller as of Close Of Escrow: real property taxes and assessments, interest, rents,
<br />HOA regular, special, and emergency dues and assessments imposed prior to Close Of Escrow, premiums on insurance assumed
<br />by Buyer, payments on bonds and assessments assumed by Buyer, and payments on Mello-Roos and other Special Assessment
<br />District bonds and assessments that are now a lien. The following items shall be assumed by Buyer WITHOUT CREDIT toward the
<br />purchase price: prorated payments on Mello-Roos and other Special Assessment District bonds and assessments and HOA special
<br />assessments that are now a lien but not yet due. Property will be reassessed upon change of ownership. Any supplemental tax bills
<br />shall be paid as follows: (i) for periods after Close Of Escrow, by Buyer; and (ii) for periods prior to Close Of Escrow, by Seller. TAX
<br />BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. Prorations shall
<br />be made based on a 30-day month.
<br />19. WITHHOLDING TAXES: Seller and Buyer agree to execute any instrument, affidavit, statement or instruction reasonably necessary
<br />to comply with federal (FIRPTA) and California withholding Law, if required (C.A.R. Forms AS and AB).
<br />20. MULTIPLE LISTING SERVICE ("MLS"): Brokers are authorized to report to the MLS a pending sale and, upon Close Of Escrow, the
<br />terms of this transaction to be published and disseminated to persons and entities authorized to use the information on terms
<br />approved by the MLS.
<br />21. EQUAL HOUSING OPPORTUNITY: The Property is sold in compliance with federal, state and local anti-discrimination Laws.
<br />22. ATTORNEY FEES: In any action, proceeding, or arbitration between Buyer and Seller arising out of this Agreement, the prevailing
<br />Buyer or Seller shall be entitled to reasonable attorney fees and costs from the non-prevailing Buyer or Seller, except as provided in
<br />paragraph 17A.
<br />23. SELECTION OF SERVICE PROVIDERS: If Brokers refer Buyer or Seller to persons, vendors, or service or product providers
<br />("Providers"), Brokers do not guarantee the performance of any Providers. Buyer and Seller may select ANY Providers of their own
<br />choosing.
<br />24. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time is of the essence. All understandings between the parties are
<br />incorporated in this Agreement. Its terms are intended by the parties as a final, complete and exclusive expression of their
<br />Agreement with respect to its subject matter, and may not be contradicted by evidence of any prior agreement or contemporaneous
<br />oral agreement. If any provision of this Agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be
<br />given full force and effect. Neither this Agreement nor any provision in it may be extended, amended, modified, altered or
<br />changed, except in writing Signed by Buyer and Seller.
<br />25. OTHER TERMS AND CONDITIONS, including attached supplements:
<br />A, 0 Buyer's Inspection Advisory (C.A.R. Form BIA) _ _
<br />g, ^ Purchase Agreement Addendum (C.A.R. Form PAA paragraph numbers: )
<br />C, ^ Statewide Buyer and Seller Advisory (C.A.R. Form SBSA)
<br />D. ^ Seller shall provide Buyer with a completed Seller Property Questionnaire (CAR form SPOT within the time specified in paragraph 14A
<br />E. Offer is contingent anon City Council A~Droval fF) House to be acquired for the Bristol St. __
<br />Widening Proiect.
<br />26. DEFINITIONS: As used in this Agreement:
<br />A. "Acceptance" means the time the offer or final counter offer is accepted in writing by a party and is delivered to and personally
<br />received by the other party or that party's authorized agent in accordance with the terms of this offer or a final counter offer.
<br />B. "Agreement" means the terms and conditions of this accepted California Residential Purchase Agreement and any accepted
<br />counter offers and addenda.
<br />C. "C.A.R. Form" means the specific form referenced or another comparable form agreed to by the parties.
<br />D. "Close Of Escrow" means the date the grant deed, or other evidence of transfer of title, is recorded. If the scheduled close of
<br />escrow falls on a Saturday, Sunday or legal holiday, then close of escrow shall be the next business day after the scheduled
<br />close of escrow date.
<br />E. "Copy" means copy by any means including photocopy, NCR, facsimile and electronic.
<br />F. "Days" means calendar days, unless otherwise required by Law.
<br />G. "Days After" means the specified number of calendar days after the occurrence of the event specified, not counting the calendar
<br />date on which the specified event occurs, and ending at 11:59PM on the final day.
<br />H. "Days Prior" means the specified number of calendar days before the occurrence of the event specified, not counting the
<br />calendar date on which the specified event is scheduled to occur.
<br />I. "Electronic Copy" or "Electronic Signature" means, as applicable, an electronic copy or signature complying with California
<br />Law. Buyer and Seller agree that electronic means will not be used by either party to modify or alter the content or integrity of this
<br />Agreement without the knowledge and consent of the other.
<br />J. "Law" means any law, code, statute, ordinance, regulation, rule or order, which is adopted by a controlling city, county, state or
<br />federal legislative, judicial or executive body or agency.
<br />K. "Notice to Buyer to Perform" means a document (C.A.R. Form NBP), which shall be in writing and Signed by Seller and shall
<br />give Buyer at least 24 hours (or as otherwise specified in paragraph 14C(4)) to remove a contingency or perform as
<br />applicable.
<br />L. "Repairs" means any repairs (including pest control), alterations, replacements, modifications or retrofitting of the Property
<br />provided for under this Agreement.
<br />M. "Signed" means either a handwritten or electronic signature on an original document, Copy or any counterpart.
<br />N. Singular and Plural terms each include the other, when appropriate.
<br />Buyer's Initials (~ ) ( }
<br />Seller's Initials ( ) { }
<br />Copyright ©1991-2007, CALIFORNIA ASSOCIATION OF REALTORS®, INC.
<br />RPA-CA REVISED 11107 (PAGE 6 OF 8) Reviewed by Date EQUAL HOUSING
<br />OPPORIUNITV
<br />CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 6 OF 8) 518 Bristol Of
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