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518 N Bristol
<br />Property Address: Santa Ana, CA Date: February 3, 2009
<br />C. Tenant-occupied property: (i) Properly shall be vacant at least 5 {or ^ }Days Prior to Close Of Escrow, unless otherwise agreed
<br />in writing. Note to Seller: If you are unable to deliver Property vacant in accordance with rent control and other applicable Law, you may
<br />be in breach of this Agreement.
<br />OR (ii) (if checked) ^ Tenant to remain in possession. The attached addendum is incorporated into this Agreement (C.A.R. Form PAA,
<br />paragraph 3.);
<br />OR (iii) (if checked) ^ This Agreement is contingent upon Buyer and Seller entering into a written agreement regarding occupancy of the Property
<br />within the time specified in paragraph 148(1). If no written agreement is reached within this time, either Buyer or Seller may cancel this .Agreement
<br />in writing.
<br />D. At Close Of Escrow, Seller assigns to Buyer any assignable warranty rights for items included in the sale and shall provide any available Copies
<br />of such warranties. Brokers cannot and will not determine the assignability of any warranti:•s.
<br />E. At Close Of Escrow, unless otherwise agreed in writing, Seller shall provide keys and/or means to operate all locks, mailboxes, security systems,
<br />alarms and garage door openers. If Property is a condominium or located in a common interest subdivision, Buyer may be required to pay a
<br />deposit to the Homeowners' Association ("HOA") to obtain keys to accessible HOA facilities.
<br />4. ALLOCATION OF COSTS (If checked): Unless otherwise specified here, this paragraph only determines who is to pay for the report, inspection, test
<br />or service mentioned. If not specified here or elsewhere in this Agreement, the determination of who is to pay for any work recommended or identified
<br />by any such report, inspection, test or service shall be by the method specified in paragraph 14B(2).
<br />A. WOOD DESTROYING PEST INSPECTION:
<br />(1) ^Buyer ^ Seller shall pay for an inspection and report for wood destroying pests and organisms ("Report") which shall be prepared
<br />by , a registered structural pest
<br />control company. The Report shall cover the accessible areas of the main building and attached structures and, if checked: ^ detached
<br />garages and carports, ^ detached decks, ^ the following other structures or areas
<br />. The Report shall not include roof coverings. If Property is a condominium
<br />or located in a common interest subdivision, the Report shall include only the separate interest and any exclusive-use areas being transferred
<br />and shall not include common areas, unless otherwise agreed. Water tests of shower pans on upper level units may not be performed without
<br />consent of the owners of property below the shower.
<br />OR (2) ^ (If checked) The attached addendum (C.A.R. Form WPA) regarding wood destroying pest inspection and allocation of cost is incorporated
<br />into this Agreement.
<br />B. OTHER INSPECTIONS AND REPORTS:
<br />(1) ^Buyer ^ Seller shall pay to have septic or private sewage- disposal systems inspected
<br />(2) ^Buyer ^ Seller shall pay to have domestic wells tested for water potability and productivity
<br />(3) ^Buyer ^ Seller shall pay for a natural hazard zone disclosure report prepared by
<br />(4) ^Buyer ^ Seller shall pay for the following inspection or report
<br />(5) ^Buyer ^ Seller shall pay for the following inspection or report
<br />C. GOVERNMENT RE4UIREMENTS AND RETROFIT:
<br />(i) ^Buyer ^ Seller shall pay for smoke detector installation and/or water heater bracing, if required by Law. Prior to Close Of Escrow, Seller
<br />shall provide Buyer a written statement of compliance in accordance wifh state and local Law, unless exempt.
<br />(2) ^Buyer ^ Seller shall pay the cost of compliance with any other minimum mandatory government retrofit standards, inspections and
<br />reports if required as a condition of dosing escrow under any Law.
<br />D. ESCROW AND TITLE:
<br />(1) ®Buyer ^ Seller shall pay escrow fee
<br />Escrow Holder shall be First American Title
<br />{2) ®Buyer ^ Seller shall pay for owner's title Insurance policy specified in paragraph 12E
<br />Owner's title policy to be issued by First American Title
<br />(Buyer shall pay for any title insurance policy insuring Buyer's lender, unless otherwise agreed in writing.)
<br />E. OTHER COSTS:
<br />(1) ®Buyer ^ Seller shall pay County transfer tax or transfer fee
<br />(2) ®Buyer ^ Seller shall pay City transfer tax or transfer fee '
<br />(3) ^Buyer ^ Seller shall pay HOA transfer fee
<br />(4) ^Buyer ^ Seller shall pay HOA document preparation fees
<br />(5) ^Buyer ^ Seller shall pay the cost, not to exceed $ , of a one-year home warranty plan,
<br />issued by
<br />with the following optional coverage:
<br />(6) ^Buyer ^ Seller shall pay for
<br />(7) ^Buyer ^ Seller shall pay for
<br />5. STATUTORY DISCLOSURES (INCLUDING LEAD-BASED PAINT HAZARD DISCLOSURES) AND CANCELLATION RIGHTS:
<br />A. (1) Seller shall, within the time spedfied in paragraph 14A, deliver to Buyer, if required by Law: (i) Federal Lead-Based Paint Disclosures and
<br />pamphlet ("Lead Disclosures"); and (ii) disclosures or notices required by sections 1102 et. seq. and 1103 et. seq. of the California Civil Code
<br />("Statutory Disclosures"}. Statutory Disclosures include, but are not limited to,, a Real Estate Transfer Disclosure Statement ("TDS"), Natural
<br />Hazard Disclosure Statement ("NHD"), notice or actual knowledge of release of illegal controlled substance, notice of special tax and/or
<br />assessments (or, if allowed, substantially equivalent notice regarding the Mello-Roos Community Facilities Act and improvement Bond Act of
<br />1915) and, if Seller has actual knowledge, an industrial use and military ordinance location disclosure (C.A.R. Form SSD).
<br />(2) Buyer shall, within the time specified in paragraph 14B(1), return Signed Copies of the Statutory and Lead Disclosures to Seller.
<br />(3) In the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material
<br />inaccuracy in disclosures, information or representations previously provided to Buyer of which Buyer is otherwise unaware, Seller shall
<br />promptly provide a subsequent or amended disclosure or notice, in writing, covering those items. However, a subsequent or amended
<br />disclosure shall not be required for conditions and material inaccuracies disclosed in reports orTiPred and paid for by Buyer.
<br />Buyer's Initials (~_) ( )
<br />Copyright ©1991-2007, CALIFORNIA ASSOCIATION OF REALTORSO, INC. Seller's Initials (~ ) ( )
<br />RPA-CA REVISED 11107 (PAGE 2 OF 8) Reviewed by Date touullouswc
<br />OPPOfITIINITY
<br />CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT {RPA-CA PAGE 2 OF 8) 518 Btistol Of
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