|
jj~
<br />INSUl~N~~ iVi~? ?,~i~;; A-2009-014
<br />.1~ WORK !UfN`., _ ~---n,
<br />CLERIC: r~ ;,U
<br />~~GrF~ FEB ~ 0 200
<br />`~--~ PURCHASE AND SALE AGREEMENT FOR ACQUISITIONOF REAL PROPERTY
<br />AND BILATERAL ESCROW INSTRUCTIONS
<br />C• (Commercial)
<br />. ,
<br />O~R6(~• THIS AGREEMENT, entered into this da of ~~. 200 b and between the
<br />2 ~-- , .y ~--, y
<br />~ ~pvn~2 CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the
<br />~~ ~ Constitution and laws of the State of California (hereinafter referred to as the "City" or "Buyer"),
<br />and Mary Jane Draganza As Trustee Of The Draganza Exempt Election Trust Established May
<br />~~s~~J-^ 12, 1986, and Mary Jane Draganza As Trustee Of The Draganza Family Non-Exempt Election
<br />Trust Established May 12, 1986 (hereinafter called "Seller"), regardless of number or gender;
<br />WITNESSETH
<br />For and in consideration of their promises, covenants and agreements hereinafter set forth, and
<br />subject to the terms, conditions and provisions hereinafter set forth, Seller agrees to sell to City,
<br />and City agrees to purchase from Seller, all that certain real property (hereinafter referred to as
<br />"said real property") described as follows:
<br />All that certain real property located in the State of California, County of Orange, City of Santa
<br />Ana, described as follows:
<br />SEE EXHIBIT "A" ATTACHED HERETO
<br />AND BY THIS REFERENCE MADE A PART HEREOF
<br />(Commonly known as 517 N. Bristol, Santa Ana, CA}
<br />Said purchase and sale of said real property shall be in accordance with and subject to all of
<br />the following terms, conditions, promises, covenants, agreements and provisions, to wit:
<br />1. Conveyance by Seller. Seller agrees to convey said real property to City, by Grant
<br />Deed, at the office of First American Title Insurance Company, 2 First American Way, Santa
<br />Ana, California, within thirty (30) days from and after the date on which the City has approved
<br />this Agreement.
<br />2. Title to be Conveyed. (a} Seller agrees that, except as may hereinafter be otherwise
<br />expressly provided, said real property shall be conveyed by Seller to City, as aforesaid, free and
<br />clear of any and all conditions, restrictions, reservations, exceptions, easements, assessments,
<br />profits, limitations, encumbrances (whether monetary or non-monetary, general or specific,
<br />including any and all leasehold interests), liens, clouds or defects in title except those
<br />exceptions shown in Paragraph 15 below. Seller hereby warrants that the title to said real
<br />property to be conveyed by Seller to City shall be free and clear as provided above. Seller
<br />further agrees that acceptance by City of any deed to said real property, with or without
<br />knowledge of any condition, restriction, reservation, exception, easement, assessment, profit,
<br />limitation, encumbrance (whether monetary or non-monetary, general or specific, and including
<br />any and all leasehold interests), lien, cloud or defect in title, shall not constitute a waiver by City
<br />of its right to the full and clear title hereinabove agreed to be conveyed by Seller to City, nor of
<br />any right which might accrue to City because of the failure of Seller to convey title as
<br />hereinabove provided.
<br />
|