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AGREEMENT FOR ACQUISITION OF
<br />REAL PROPERTY AND ESCROW INSTRUCTIONS
<br />- PROBATE ACQUISITION
<br />THIS AGREEMENT, entered into this �,. day of April, 2010, by and between the CUMMUNITY
<br />"DEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a pubfio body, corporate andq politic
<br />(hereinafter called "Agency") and Frank J. Segura and Brendon MoGui nes Seib'" .
<br />WITNESSETH
<br />For and in consideration of their promises covenants and agreements hereinafter set forth, and subject to the
<br />terms, conditions and provisions hereinafter set forth, Seller agrees to sell to Agency, and Agency agrees to
<br />Purchase from Seller, all that cer wn real propel (hereinafter referred to as "said real property") consisting of
<br />( #off l parcel AN # 398-311-66) described as follows.,
<br />See Exhibit
<br />ATTACHED HERETO AM BY TIHS REFIBRISNCE MADE A PAR'S HEREOF
<br />(Com only known as 609 East 6111 Street, Santa Ana, CA. 92701)
<br />Said sale and purchase of said real property shad he in accordance with and subject to all of the following terms,
<br />conditions, prorniscs, covenants, agreements and provisions, to it:
<br />i * CoLayUgnee by Seller. Seller agrees to convey said real property to Agency, by G nt Deed, at the office
<br />of Old Republic Title Company, 555 12th Street, Suito 2150, Oakland, CA, 94607 Califon ia. The Closing will
<br />occur no later than 6 months from formal approval of this Agreement by Agency's govern ng body. Agency
<br />may, by right, extend the escrow period once by 90 days.
<br />2. ;title to he Co ve ed. Seller agrees that, except as may hereinafter he otherwise expressly provided, said
<br />real property shall be conveyed by Seller to Agency, as aforesaid, free and clear of wiy and all conditions,
<br />re trl ons, reservations, exceptions, casements, sscs ment , profits, limitations, encumbraces, liens, leases,
<br />clouds or defe6ts in title except those exceptions shown in Paragraph 14 below. Seller hereby warrants that the
<br />title to said real property to he conveyed by Seller to Age my shall be five and clear as above provided. Seller
<br />der agrees that acceptance by Agency of any deed to said real property, with or without knowledge of any .
<br />condition, restriction, reservation, exception, easement, assessment, profit, limitation, encumbrance, ilea, lease,
<br />cloud or defect in title,' shall not constitute a waiver by Agency of its right to the full and clear title her lna o e
<br />agreed to he conveyed by Seller to Agency, nor of any right which Wight accrue to Agency because of the failure
<br />of Selter to covey title as hcreinaove provided.
<br />31 L o. Seller agrees to deliver to Agency, oo c rrently with the conveyance of said real
<br />property to ,agency, within the time and at the place hereinaoe specified for said conveyance of said real
<br />property, a poiioy of title insurance to he issued by the above mentioned title company, with the Agency therein
<br />n i cd as the insured, in the total amount of two hwidred and thhly thousand Dollars And No /loo
<br />($230,000,00), i uring the title of the Agency to said real property is free and clear* of any and ah conditions,
<br />restrictions, reservations, exceptions,, casements, assessments, profits, limitations, encumbrances, liens, leases,
<br />olods or defects in title, excepting such specific ones as Agency may hereinafter expressly agree to take subject
<br />o. Acceptance by Agency of any such policy of insurance, whether such insurance complies with the
<br />requirements of this paragraph or not, shall not constitute a waiver by Agency of its aright to such insu r um as is
<br />herein required of Seller, nor a Maier by the Agency of any rights of action for damages or any other right
<br />which may accrue to Agency by reason of the failure of Seiler to convoy title or to provide title insiza ce as
<br />Page I of 1
<br />Exhibit H
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