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AGREEMENT FOR ACQY.JISITI4�F OF
<br />REAL PROPERTY AND ESCROW INSTRUCTIONS
<br />THIS AGREEMENT, ENT, entered ltito this day of April 2010, by and between the COMMUNITY
<br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate and politic
<br />(hereinafter called "Agency") and Flank J. and Dolores E. Segffa ("SCIICr').
<br />WITNS S T
<br />For and In consideration of their proinises, cove tits mid agrees eats hereinafter set forth, and subject to the
<br />ten ns, conditions and provisions hereinafter set forth, Seller agrees to sell to Agency, and Agency agrees to
<br />purchase fiiom Seller, all that certain real propeily (hereinafter referred to as "said real property") consisfing of
<br />( #of) l parcels ) (APN:# 398-3 t - described as folio rs: P
<br />See Exhibit A
<br />ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF
<br />(Commonly known as 613 East "' Street, Santa Ana, CA 92701
<br />Said sale and purchase of said real property shall be in accordance with and sub ed to all of the following ten -ns,
<br />conditions, promises, cove nants, agreements and provisions, to wit:
<br />1. Seller agrees to convey said real properly to Agency, by Grant Deed, at the office
<br />of Old Republic, Title Company, 555 12t" Street, Suite 2150, Oakland, CA 94607 California. The Closing will
<br />occur no later than 6 mo nths fi #om formal approval of this Agreement by Agency's governing body. Agency
<br />nay, by right, extend the escrow period once by 90 days.
<br />2. " fitle to be Conveyed. Seller agrees that, except as may y hey *einafle • be othei-�Ase expressly provided, said
<br />real property shalt be conveyed by Seller to Agency, as aforesaid, •ee and clear of any and all conditions,
<br />restrictions, reservations, exceptions, cas nient , assessments, profits, limitations, encumbrances, liens, leases,
<br />clouds or defects in title except those exceptions shown in Paragraph 14 belo w. Seller hereby warrants that the
<br />title to said real property to be conveyed by Seller to Agency shall be free and clear as above provided. Seller
<br />f i her agrees that aeceptan e by Agency of any deed to said real propetly, with or Without knowledge of any
<br />ondl on,, restriction,, reservation, exception, casement, assessment, profit, limitation, encumbrance, lien, lease,
<br />cloud or defect in title, shall not constitute a waiver by A enoy of its right to the full and clear title heyehiabove
<br />agreed to be conveyed by Seller Agency, nor of any right which might accrue to Agency because of the failure
<br />of Seller to convey title as hereinabove provided.
<br />3. Title Insiirance. Seller agrees to deliver to Agency, concurrently with the conveyance of said real
<br />property to Agency, within the tune and at the place hereina ove specified for said conveyance of said real
<br />property, a policy of title insurance to be issued by the above mentioned title company, with the Agency therein
<br />named as the insured, in the total ama -unt of four hundred thmLsand Doi Iars And No 100 ($1100,000. 00 , insuring
<br />the title of the Agency to said real property is flee and clear of any and all conditions, restrictions, r ser ations,
<br />exceptions, easements, assessments, profits, limitations, encumbrances, liens, leases, clouds or defects in title,
<br />excepting such specific ones as Agency inay hereinafter ins expressly agree to take subject to. Acceptance, by
<br />Agency of any such policy of i surancc, %lheth r such insufa ce complies with the requirements of this
<br />paragraph or not, shall not constitute a waiver by Agency of its right to such insiwwice as is hereiii required of
<br />Seller, nor a waiver by the Agency of any rights of action . for damages or any other rights which may accrue to
<br />Agency by reason of the failure of Seller to convey title or to provide title insurance, as required In this
<br />Exhibit H
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