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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 2018,
<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" of Buyer ), and, Angelica Higsreda 'a married
<br />woman, as hersole' and separate property(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 REFEREN..CEWADE=A, PART_IIEREOF
<br />(Commonly know_ n as 315 East Warner Avenue, Santa Ana CA)
<br />(AP.N'4037143-14)
<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 agreesto convey said real property to City; :by Grant Deed, at the
<br />office of Commonwealth Title. Company at 4100 Newport Place Drive, Suite 120,'Newport Beach, California
<br />within sixty (60) 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 15 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), lien, cloud or defect in title, shall not constitute a waiver by City 6f 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; fn' the amount of Four Hundred Sixty -Five Thousand and no/100 Dollars
<br />($465,000 00)... •insuring the title of the City to said real property is free and clear.of any and all conditions,
<br />restrictions; reservations; exceptions, easements, assessments, profits, limitations; encumbrances (whether
<br />monetary or non -monetary, general or specific, and including any and all leasehold interests), liens, clouds or
<br />defects in title, excepting such specific ones as city may hereinafter expressly agree to take subject to.
<br />Acceptance by City of any such policy of insurance, whether such insurance 'complies -with the "requirements
<br />of this paragraph or'not, shall, hot constitute a waiver by City of its right to such insurance as is herein
<br />required of Seller, nor a waiver by the City of any rights of action for damages or any other rights which may
<br />accrue to City by reason of the failure of Seller to convey title or to provide title insurance as required in this
<br />Agreement.
<br />WN Z
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