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<br />INSURANCE NOT PEQUIRED
<br />WORK MAY PROCEED
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<br />n'TF' 'g:~~K O~_!.\SE AND SALE AGREEMENT FOR ACQUISITIONOF REAL PROPERTY
<br />"1L't- -6::1 AND BILATERAL ESCROW INSTRUCTIONS
<br />(Commercial)
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<br />THIS AGREEMENT, entered into this \~ lliday of.JJ ovr~r 2009, by and between
<br />the 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 In Saba, Inc, (hereinafter called "Seller"), regardless of number or gender;
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<br />A-2009-066
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<br />WITNESSETH
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<br />For and in consideration of their promises, covenants and agreements hereinafter set forth,
<br />and subject to the terms, conditions and provisions hereinafter set forth, Seller agrees to sell to
<br />City, and City agrees to purChase from Seller, all that certain real property (hereinafter referred
<br />to as "said real property") described as follows:
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<br />All that certain real property located in the State of California, County of Orange, City of Santa
<br />Ana, described as follows:
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<br />SEE EXHIBIT "A" ATTACHED HERETO
<br />AND BY THIS REFERENCE MADE A PART HEREOF
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<br />(Commonly known as 303 N, BRISTOL ST. & 1247 W. 3rd ST SANTA ANA, CA)
<br />(APN 008-091-14 and 13)
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<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:
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<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.
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<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
<br />and clear of any and all conditions, restrictions, reservations, exceptions, easements,
<br />assessments, profits, limitations, encumbrances (whether monetary or non-monetary, general
<br />or specific, inclUding any and all leasehold interests), liens, clouds or defects in title except
<br />those exceptions shown in Paragraph 15 below. Seller hereby warrants that the title to said
<br />real 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
<br />City of its right to the full and clear title hereinabove agreed to be conveyed by Seller to City,
<br />nor of any right which might accrue to City because of the failure of Seller to convey title as
<br />hereinabove provided.
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<br />3. Title Insurance. Seller agrees to deliver to City, concurrently with the conveyance of
<br />said real property to City, within the time and at the place hereinabove specified for said
<br />conveyance of said real property, a policy of title insurance to be issued by the above
<br />mentioned title company, with the City therein named as the insured, in the amount of ONE
<br />MilLION THREE HUNDRED TWENTY FIVE THOUSAND FOUR HUNDRED NINETY AND
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