04 - Acquisition 301 S Sycamore-300 S Main

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g prono____~ s. Such real property taxes, if any, on said real property for tho fiscal year within which said real property is conveyed to Agency as are unpaid at the time of said conveyance shall be cleared and paid in accordance with the provisions of Section 4986 of the Revenue and Taxation Code of the State of California. Seller shall be eligible for a refund under Section 5096.7 of the Revenue and Taxation Code of the State of California for that portion of property taxes on said real property for said fiscal year which have been paid prior to the date the deed conveying said real property to Agency is recorded which is allocable to that portion of the fiscal year which begins on the date the deed conveying said real property to Agency is recorded and made uncollectible if unpaid by reason of Section 4986 of the Revenue and Taxation Codo of the State of California. All unpaid taxes on said real property for any and all years prior to the fiscal year within which said conveyance is made shall be paid by Seller before conveyance of said real property to Agency. 6. Pavment of Purchase Price. Agency agrees to pay to Seller, and Seller agrees to accept from Agency, as and for the full purchase price for said real property, improvements pertaining to the realty, business goodwill (if any), and severance damages, the total sum of Six Hundred Eighty Two Thousand Five Hundred Dollars 682 500.00 , Agency agrees to deposit said purchase price in escrow with the Escrow Agent within THIRTY (30) days from and after the date on which the Agency has approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to Seller upon and after: (a) Conveyance of said real property by Seller to Agency as hereinabove provided; (b) Property is declared clean and free of any hazardous waste/materials/contamination; (c) Acceptance by Agency of a Grant Deed conveying said real property to Agency; (d) Delivery to Agency of the policy of title insurance as hereinabove provided; (e) Recordation of the Grant Deed conveying said real property to Agency. 7. Possession. Soper agrees to deliver to Agency, on the date the Grant Deed conveying said real property to Agency is recorded, quiet and peaceful possession of said real property, which shall be made free by Seller of all personal property. 8. Rental and Occunancv By Seller. Seller agrees to execute a complete, current and correct statement of rentals (Seller Estoppel) on a form furnished to Seller by Buyer and deliver same to Buyer within fifteen (I S) days hereof with copies of any written leases or rental agreements attached. All rents will be prorated as of the close of escrow on the basis of a 30-day month/360-day year consistent with that statement, subject to approval of Buyer. Seller hereby agrees not to rent any units on the premises which are now vacant, or which may be vacated by present occupants prior to close of escrow. Seller agrees that any and all Tenant Security Deposits pertaining to the subject property collected by or in the possession of Seller prior to the close of escrow shall be transfer7ed to and become the property of Buyer during escrow, 3 4-7