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INSURANCE NOT REQUIRED A-2018-076
<br />WORK MAY PROCEED
<br />CLERK OF COUNCIL
<br />POT;.
<br />MAR 2 9 2018
<br />`, PURCHASE AND SALE AGREEMENT FOR ACQUISITION OF REAL PROPERTY
<br />AND BILATERAL ESCROW INSTRUCTIONS
<br />THIS AGREEMENT (hereinafter "PSA"), entered into on
<br />pCb , 2 01 8 , between the CITY OF SANTA ANA, a charter city and municipal corporation
<br />duly organized under the Constitution and laws of the State of California (hereinafter "City" or
<br />'Buyer"), and, Lorena Basurto, a single woman and Margarita Martinez, a married woman as her
<br />sole and separate property, as joint tenants (hereinafter "Seller"), regardless of number or
<br />gender;
<br />THEREFORE, for and in consideration of their mutual promises, covenants and
<br />agreements, and subject to the terms, conditions and provisions of this PSA, Seller agrees to
<br />sell to City, and City agrees to purchase from Seller, that certain real property (hereinafter
<br />"Said Real Property") legally described as follows:
<br />SEE EXHIBIT "A" — Legal Description
<br />ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF
<br />(Commonly known as 2246 South Maple Street, Santa Ana CA)
<br />(APN 403-143-15)
<br />Said purchase and sale of Said Real Property shall be in accordance with and subject to all of
<br />the following 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
<br />Deed, at the office of Commonwealth Title Company at 4100 Newport Place Drive, Suite 120,
<br />Newport Beach, California within sixty (60) days from and after the date on which the City has
<br />approved this Agreement.
<br />2. Title to be Conveyed. Seller agrees that, except as may hereinafter be otherwise
<br />expressly provided, said real property shall be conveyed by Seller to City, as aforesaid, free and
<br />clear of any and all conditions, restrictions, reservations, exceptions, easements, assessments,
<br />profits, limitations, encumbrances (whether monetary or non -monetary, general or specific,
<br />including any and all leasehold interests), liens, clouds or defects in title except those
<br />exceptions shown in Paragraph 15 below. Seller hereby warrants that the title to said real
<br />property to be conveyed by Seller to City shall be free and clear as provided above. Seller
<br />further agrees that acceptance by City of any deed to said real property, with or without
<br />knowledge of any condition, restriction, reservation, exception, easement, assessment, profit,
<br />limitation, encumbrance (whether monetary or non -monetary, general or specific, and including
<br />any and all leasehold interests), lien, cloud or defect in title, shall not constitute a waiver by City
<br />of its right to the full and clear title hereinabove agreed to be conveyed by Seller to City, nor of
<br />any right which might accrue to City because of the failure of Seller to convey title as
<br />hereinabove provided.
<br />3. Title Insurance. Seller agrees to deliver to City, concurrently with the conveyance of
<br />said real property to City, within the time and at the place hereinabove specified for said
<br />conveyance of said real property, a policy of title insurance to be issued by the above
<br />mentioned title company, with the City therein named as the insured, in the amount of Four
<br />Hundred Forty -Five Thousand and no/100 Dollars ($445,000.00). insuring the title of the City to
<br />said real property is free and clear of any and all conditions, restrictions, reservations,
<br />exceptions, easements, assessments, profits, limitations, encumbrances (whether monetary or
<br />non -monetary, general or specific, and including any and all leasehold interests), liens, clouds
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