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<br />518 N Bristol
<br />Property Address: Santa Ana, CA Date: February 3, 2009
<br />10. REPAIRS: Repairs shall be completed prior to final verification of condition unless otherwise agreed in writing. Repairs to be performed at Seller's
<br />expense may be performed by Seller or through others, provided that the work complies with applicable Law, including governmental permit, inspection
<br />and approval requirements. Repairs shall be performed in a good, skillful manner with materials of quality and appearance comparable to existing
<br />materials. It is understood that exact restoration of appearance or cosmetic items following all Repairs may not be possible. Seller shall: (i) obtain
<br />receipts for Repairs performed by others; (ii) prepare a written statement indicating the Repairs performed by Seller and the date of such Repairs; and
<br />(iii) provide Copies of receipts and statements to Buyer prior to final verification of condition.
<br />11. BUYER tflDE'~"'`IITY A.htD SELLER PP.OT=CTIC?! FOR E~1TRY UFC?I ??OF'_^TY: B~wur sh~!I: i k;: c:- ',.: Prc•,:. t ~ ,~ .
<br />O ~ "` ,-' ,~ .r ,;r,d c!aar of liars; {iij
<br />Repair all damage arising from Buyer Investigations; and (iii) indemnify and hold Seiler harmless from all resulting liability, claims, demands, damages
<br />and costs. Buyer shall carry, or Buyer shall require anyone acting on Buyer's behalf to carry, policies of liability, workers' compensation and other
<br />applicable insurance, defending and protecting Seller from liability for any injuries to persons cr property occurring during any Buyer Investigations or
<br />work done on the Property at Buyer's direction prior to Close Of Escro~.w, Seller is advised that certain protections may be afforded Selig by recording a
<br />"Notice of Non-responsibility" (C.A.R. Form NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations
<br />under this paragraph shall survive the termination of this Agreement.
<br />12. TITLE AND VESTING:
<br />A. Within the time specified in paragraph 14, Buyer shall be provided a current preliminary (title) report, which is only an offer by the title insurer to
<br />issue a policy of title insurance and may not contain every item affecting title. Buyer's review of the preliminary report and any other matters which
<br />may affect title are a contingency of this Agreement as specified in paragraph 148.
<br />B. Title is taken in its present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether
<br />of record or not, as of the date of Acceptance except: (i} monetary liens of record unless Buyer is assuming those obligations or taking the Property
<br />subject to those obligations; and (ii) those matters which Seller has agreed to remove in writing.
<br />C. Within the time specified in paragraph 14A, Seller has a duty to disclose to Buyer alt matters known to Seller affecting title, whether of record or not.
<br />D. At Close Of Escrow, Buyer shall receive a grant deed conveying title (or, for stock cooperative or long-term lease, an assignment of stock
<br />certificate or of Seller's leasehold interest), including oil, mineral and water rights if currently owned by Seiler, Title shall vest as designated in
<br />Buyer's supplemental escrow instructions. THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES.
<br />CONSULT AN APPROPRIATE PROFESSIONAL.
<br />E. Buyer shall receive a CLTA/ALTA Homeowner's Policy of Title Insurance. A title company, at Buyer's request, can provide information about the
<br />availability, desirability, coverage, and cost of various title insurance coverages and endorsements. if Buyer desires title coverage other than that
<br />required by this paragraph, Buyer shall instruct Escrow Holder in writing and pay any increase in cost.
<br />13. SALE OF BUYER'S PROPERTY:
<br />A. This Agreement is NOT contingent upon the sale of any property owned by Buyer.
<br />OR B. ~ (if checked): The attached addendum (C.A.R. Form COP) regarding the contingency for the sate of property owned by Buyer is incorporated
<br />into this Agreement.
<br />14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The fol{owing time periods may only be extended, altered,
<br />modified or changed by mutual written agreement. Any removal of contingencies or cancellation under this paragraph must be in writing
<br />{C.A.R. Form CR).
<br />A. SELLER HAS: 7 (or ~ )Days After Acceptance to deliver to Buyer all reports, disclosures and information for which Seller is
<br />responsible under paragraphs 4, 5A and B, 6A, 7B and 12.
<br />B. (1) BUYER HAS: 17 (or ~ )Days After Acceptance, unless otherwise agreed in writing, to:
<br />(i) complete all Buyer Investigations; approve all disclosures, reports and other applicable information, which Buyer receives from Seller; and
<br />approve all matters affecting the Property (including lead-based paint and lead-based paint hazards as well as other information specified in
<br />paragraph 5 and Insurability of Buyer and the Property); and
<br />{ii) return to Seller Signed Copies of Statutory and Lead Disclosures delivered by Seller in accordance with paragraph 5A.
<br />(2) Within the time specified in 148(1), Buyer may request that Seller make repairs or take any other action regarding the Property (C.A.R. Form
<br />RR). Seller has no obligation to agree to or respond to Buyer's requests.
<br />(3) By the end of the time specified in 148(1} (or 21 for loan contingency or 2J for appraisal contingency), Buyer shall, in writing, remove the
<br />applicable contingency (C.A.R. Form CR) or cancel this Agreement. However, if (i) government-mandated inspections! reports required as a
<br />condition of closing; or (ii) Common Interest Disclosures pursuant to paragraph 6B are not made within the time specified in 14A, then Buyer
<br />has 5 (or ~ )Days After receipt of any such items, or the time specified in 146(1), whichever is later, to remove the
<br />applicable contingency or cancel this Agreement in writing.
<br />C. CONTINUATION OF CONTINGENCY OR CONTRACTUAL OBLIGATION; SELLER RIGHT TO CANCEL:
<br />(1) Seller right to Cancel; Buyer Contingencies: Seller, after first giving Buyer a Notice to Buyer to Perform (as specified below), may cancel
<br />this Agreement in writing and authorize return of Buyers deposit if, by the time specified in this Agreement, Buyer does not remove in writing
<br />the applicable contingency or cancel this Agreement. Once all contingencies have been removed, failure of either Buyer or Seller to close
<br />escrow on time may be a breach of this Agreement.
<br />(2) Continuation of Contingency: Even after the expiration of the time specified in 148, Buyer retains the right to make requests to Seller,
<br />remove in writing the applicable contingency or cancel this Agreement until Seller cancels pursuant to 14C(1). Once Seller receives Buyer's
<br />written removal of ail contingencies, Seller may not cancel this Agreement pursuant to 14C(1).
<br />(3) Seller right to Cancel; Buyer Contract Obligations: Seller, after first giving Buyer a Notice to Buyer to Perform (as specified below), may
<br />cancel this Agreement in writing and authorize return of Buyer's deposit for any of the following reasons: (i} if Buyer fails to deposit funds as
<br />required by 2A or 26; (ii} if the funds deposited pursuant to 2A or 2B are not good when deposited; (iii) if Buyer fails to provide a fetter as
<br />required by 2G; (iv) if Buyer fails to provide verification as required by 2H or 2L; (v) if Seller reasonably disapproves of the verification provided
<br />by 2H or 2L; {vi) if Buyer fails to return Statutory and Lead Disclosures as required by paragraph SA(2}; or {vii) if Buyer fails to sign or initial a
<br />separate liquidated damage form for an increased deposit as required by paragraph 16. Seller is not required to give Buyer a Notice to
<br />Perform regarding Close of Escrow,
<br />(4) Notice.To Buyer To Perform: The Notice to Buyer to Perform (C.A.R. Form NBP) shall: (i) be in writing; (ii) be signed by Seller; and (iii) give
<br />Buyer at least 24 (or ~ )hours (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable
<br />action. A Notice to Buyer to Perform may not be given any earlier than 2 Days Prior to the expiration of the applicable time for Buyer to remove
<br />a contingency or cancel this Agreement or meet a 14C(3) obligation. Buyer's Initials ( ) ( )
<br />Seller's Initials (-~-) ( )
<br />Copyright ©1991-2007, CALIFORNIA ASSOCIATION OF REALTORS, INC.
<br />RPA-CA REVISED 11107 (PAGE 4 OF B) Reviewed by Date rwuxounrc
<br />CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 4 OF 8 5 OPPURTUNITV
<br />I R Bristol Of
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