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PURCHASE AND SALE AGREEMENT FOR ACQUISITION OF REAL PROPERTY
<br />AND BILATERAL ESCROW INSTRUCTIONS
<br />THIS AGREEMENT (hereinafter "PSA"), entered into on 2015,
<br />between 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 "City" or "Buyer"), and, George De Anda
<br />(hereinafter "Seller"), regardless of number or gender;
<br />THEREFORE, for and in consideration of their mutual promises, covenants and agreements, and subject
<br />to the terms, conditions and provisions of this PSA, Seller agrees to sell to City, and City agrees to
<br />purchase from Seller, that certain real property (hereinafter "Said Real Property") legally described as
<br />follows:
<br />SEE EXHIBIT "A" — Legal Description
<br />ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF
<br />(Commonly known as 1221 N. Bristol Street & 1240 W. Washington Avenue, Santa Ana CA)
<br />(APN: 405-274-12 and 405.27413)
<br />Said purchase and sale of Said Real Property shall be in accordance with and subject to all of the following
<br />terms, conditions, promises, covenants, agreements and provisions, to wit:
<br />1, Conveyance by Seller. Seller agrees to convey said real property to City, by Grant Deed, at the
<br />office of Commonwealth Title Company at 4100 Newport Place Dr. Suite 120 Newport Beach, California,
<br />within sixty (50) days from and after the date on which the City has approved this Agreement.
<br />2. Title to be Conveyed. Seller agrees that, except as may hereinafter be otherwise expressly
<br />provided, said real property shall be conveyed by Seller to City, as aforesaid, free and clear of any and all
<br />conditions, restrictions, reservations, exceptions, easements, assessments, profits, limitations,
<br />encumbrances (whether monetary or non -monetary, general or specific, including any and all leasehold
<br />interests), liens, clouds or defects in title except those exceptions shown in Paragraph 14 below, Seller
<br />hereby warrants that the title to said real property to be conveyed by Seller to City shall be free and clear as
<br />provided above, Seller further agrees that acceptance by City of any deed to said real property, with or
<br />without knowledge of any condition, restriction, reservation; exception, easement, assessment, profit,
<br />limitation, encumbrance (whether monetary or non -monetary, general or specific, and Including any and all
<br />leasehold interests), Ilen, cloud or defect in title, shall not constitute a waiver by City of its right to the full and
<br />clear title hereinabove agreed to be conveyed by Seller to City, nor of any right which might accrue to City
<br />because of the failure of Seller to convey title as hereinabove provided.
<br />3, Title Insurance. Seller agrees to deliver to City, concurrently with the conveyance of said real
<br />property to City, within the time and at the place hereinabove 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 City therein
<br />named as the Insured, in the amount of One Million Three Hundred Thousand Dollars ($1,300;000:00)
<br />Insuring the title of the City to said real property Is free and clear of any and all conditions, restrictions,
<br />reservations, exceptions, easements, assessments, profits, limitations, encumbrances (whether monetary or
<br />non -monetary, general or specific, and including any and all leasehold Interests), liens, clouds or defects in
<br />title, excepting such specific ones as city may hereinafter expressly agree to take subject to. City shall pay
<br />for the entire cost of title insurance. Acceptance by City of any such policy of Insurance, whether such
<br />Insurance compiles with the requirements of this paragraph or not, shall not constitute a waiver by City of Its
<br />right to such Insurance as is herein required of Seller, nor a waiver by the City of any rights of action for
<br />damages or any other rights which may accrue to City by reason of the failure of Seller to convey title or to
<br />provide title insurance as required in this Agreement,
<br />446370.1 •.N1365,1
<br />Exhibit 2
<br />25G-5
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