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PORCILE, ANA - 2017
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PORCILE, ANA - 2017
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Last modified
8/15/2017 10:53:56 AM
Creation date
8/15/2017 9:58:39 AM
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Contracts
Company Name
PORCILE, ANA
Contract #
A-2017-155
Agency
Public Works
Council Approval Date
6/20/2017
Destruction Year
0
Notes
0
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("Quitclaim Deed"), relinquishing, releasing, and forever quitclaiming to Buyer all right title and <br />interest in and to the Tenancy Interest. <br />4. Tenant -Seller has vacated the property on 1,K0,. <br />5. CONVEYANCE OF INTEREST IN IMPROVEMENTS. The Quitclaim Deed will <br />also convey from Tenant -Seller to Buyer all of Tenant -Seller's interest in and to the Improvements, <br />which conveyance shall be free and clear of all recorded and unrecorded encumbrances, liens, <br />assessments, leases, and taxes. Unless otherwise provided, recording of the Quitclaim Deed and <br />Closing (as defined below) of the transaction described herein shall be subject to Tenant -Seller's <br />vacation of the Premises and proof of clear title to all said Improvements having been obtained and <br />received by Buyer in accordance with Paragraphs 8 and 9 of this Agreement. <br />6. RECORDING. Recordation of any documents delivered through this Agreement is <br />authorized if necessary or proper, upon acceptance by Buyer as described herein. <br />7. CERTIFICATION OF OWNERSHIP. Tenant -Seller hereby warrants and certifies <br />under penalty of perjury that Tenant -Seller is the owner of the Improvements and that no document <br />has been signed by or on behalf of Tenant -Seller for the purpose of creating any lien, encumbrance, <br />or security interest in any of the Improvements, and that the Tenant -Seller does not know of any <br />claim of lien, encumbrance, or other security interest therein, EXCEPT: (a) Trust Deeds on the <br />Property, duly recorded; and (b) real and personal property taxes. <br />8. PERMISSION TO ENTER PREMISES. Tenant -Seller hereby grants Buyer or its <br />authorized agent's permission to enter upon the Premises at all reasonable times prior to Closing of <br />this transaction for the purpose of making necessary inspections. <br />9. BULK SALE. In order to establish proof of clear title to the Improvements, Buyer <br />may publish a Notice to Creditors pursuant to the Bulk Sales Law of the State of California and <br />obtain a title report and/or a report from the Secretary of State's Office as to filings of security <br />interests covering the Improvements. <br />10. CONFLICTING INTERESTS. In the event any conflicting claim of title or any <br />security interest or lien of any kind is discovered or asserted as to any of the Improvements, Buyer <br />shall, upon receiving notice or knowledge thereof, withhold an amount otherwise payable to <br />Tenant -Seller as is reasonably necessary, in the sole opinion of Buyer, to protect Buyer against such <br />claim of interest or lien. The withholding of such funds shall not prevent Closing of this transaction <br />if the total funds to be withheld from Tenant -Seller do not exceed the net amount to be paid to <br />Tenant -Seller through this transaction. Buyer will not pay out the withheld funds or disburse any <br />withheld funds to any claimant or other party (except upon court order or levy) without the written <br />consent of Tenant -Seller. <br />A general creditor's claim shall not be deemed to be a claim against any specific <br />item of Improvements and Tenant -Seller hereby agrees to accept all responsibility therefore. Unless <br />otherwise provided, it shall be presumed that Tenant -Seller is entitled to payment under this <br />transaction for the Improvements. It shall be presumed that the Property owner is the owner of all <br />improvements, fixtures and equipment associated with the Premises other than the Improvements. <br />OA <br />
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