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THIS AGREEMENT (hereinafter "PSA"\/ entered into on 16'
<br />between the CITY OF SANTA ANA, a charter city and rAVRiCip8l 6nrp(�atiOD duly organized under the
<br />Constitution and laws nf the State nfCalifornia (hereinafter ^Cit«"or'BUyer"\' and Bernard N. Goon and
<br />Judith /\. Gaon, aS trustees and subsequent trustees ofthe Bernard N. Gaon and Judith A. Gaon Family
<br />Trust dated October G. 1993 as Community Property (hereinafter nS9|ler^)` regardless of number or
<br />gender;
<br />THEREFORE, for and in coDSid9[8tUD of their mutual prVVVises. CoV8V@Ots and 8g[88nl8Ots, and
<br />subject to the terms, conditions and provisions of this PSA, Seller agrees to sell to City, and City agrees
<br />tV purchase from Seller, that certain real property (hereinafter "Said Real P[Uperty") legally described
<br />as follows:
<br />SEE EXHIBIT "A" — Legal Description
<br />ATTACHED HERETO AND BYTHIS REFERENCE MADE A PART HEREOF
<br />(Commonly known 8s2227S. Bristol Street, Santa Ana, C&Q27U4)
<br />(/\PNO15^1g4^29)
<br />Said purchase and sale of Said Real PK)p8dv shall be in aC80n18noe with and subject to all of the
<br />following terms, conditions, promises, covenants, agreements and provisions, to wit:
<br />1. Cony2yance by Seller, Seller agrees to convey said real property to City, bvGrant Deed, at the
<br />office of First American Title Insurance Company, 2 First American Way, Santa Ana, California, within
<br />one hundred and twenty (120) 88yn from and after the date OD which the City has approved this
<br />1 Title to be Conveyed. Seller agrees that except as may hereinafter be otherwise expressly
<br />provided, said real property shall boconveyed bV Seller tO City, 8S aforesaid, free and clear nf any and
<br />all conditions, restrictions, reservations, exceptions, easements, assessments, profits, limitations,
<br />encumbrances (whether monetary urnon^n1oO8t@[y. general or specific, including any and all leasehold
<br />intereSt8). liens, clouds or defects in title except those exceptions shown in Paragraph i5 below. Seller
<br />hereby warrants that the title tO said real property tVbeconveyed by Seller to City shall b8 free and clear
<br />as provided above, Seller further agrees that acceptance hy City ofany deed tn said real property, with
<br />or without knowledge of any condition, restriction, reservation, exception, easement, assessment, profit,
<br />limitation, enCUDlb[aVuo (whether monetary nrnon'rDUDetary. general or specific, and including any and
<br />all leasehold interests), lien, Cloud or defect in title, shall not constitute a waiver by City 8f its right t0the
<br />full and clear title heroinaboVe agreed to be conveyed by Seller to City, nor O[any right which might
<br />accrue to City because *f the failure of Seller t$ convey title aShereiOmbOV8provided.
<br />1 Title Insurance. Seller agrees to deliver to City, concurrently with the CUUVey8Uoo of said real
<br />property to City, within the time and n(the place hevyinabOVe specified for said conveyance of said real
<br />property, 8 policy of title insurance to he iSSU8d by the above monhUOeU title company, with the City
<br />therein named as the insured, in the amount VfSix Hundred Ninety-Seven Thousand, Seven Hundred
<br />Sixty and On/100 Dollars ($6g7,78O.DO) insuring the title Of the City tn said real property is free and clear
<br />of any and all conditions, reSf/icti0DS. P8s8[vatio0n, exceptions, e@Ser0antS. 88SeSSr08DtG. profits,
<br />|iDlit8tinUS. encumbrances (whether monetary U[UU8-A10n*tory' general or specific, and including any
<br />and all leasehold interests), |ieUG' ClOUdS or defects in title. excepting such specific ones as City may
<br />hereinafter expressly agree to take oubi8C( to. /\CCept8Oc8 by City of any such policy of insurance,
<br />whether such insurance complies with the requirements of this paragraph or not, shall not constitute a
<br />waiver by City 0f its right t0 such insurance 8sis herein required Of Seiler, nor u waiver hy the City 0fany
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