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WORK iriWr <br />0'l� t �b sK OF Coull, <br />. wG uSq�� <br />A-2020-014 <br />PURCHASE AND SALE AGREEMENT FOR ACQUISITION OF REAL PROPERTY <br />c, <br />AND BILATERAL ESCROW INSTRUCTIONS <br />THIS AGREEMENT (hereinafter "PSA"), entered into once <br />20101Vbetween the CITY OF SANTA ANA, a charter city and municipal <br />corporation duly organized under the Constitution and laws of the State of California <br />(hereinafter "City" or "Buyer"), and HOC VAN NGUYEN AND DUNG THI VU, husband and wife <br />as joint tenants (hereinafter "Seller"), regardless of number or gender; <br />THEREFORE, for and in consideration of their mutual promises, covenants and agreements, <br />and subject to the terms, conditions and provisions of this PSA, Seller agrees to sell to City, and <br />City agrees to purchase from Seller, that certain real property (hereinafter "Said Real Property") <br />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 S. Evergreen Street, Santa Ana, CA 92707) <br />(APN: 016-212-25) <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 Deed, <br />at the office of Commonwealth Land Title Company, 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 exceptions <br />shown in Paragraph 15 below. Seller hereby warrants that the title to said real property to be <br />conveyed by Seller to City shall be free and clear as provided above. Seller further agrees that <br />acceptance by City of any deed to said real property, with or without knowledge of any condition, <br />restriction, reservation, exception, easement, assessment, profit, limitation, encumbrance <br />(whether monetary or non -monetary, general or specific, and including any and all leasehold <br />interests), lien, cloud or defect in title, shall not constitute a waiver by City of its right to the full <br />and clear title hereinabove agreed to be conveyed by Seller to City, nor of any right which might <br />accrue to City 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 <br />real property to City, within the time and at the place hereinabove specified for said conveyance <br />of said real property, a policy of title insurance to be issued by the above mentioned title company, <br />with the City therein named as the insured, in the amount of Four Hundred Ninety -Five Thousand <br />and 00/100 Dollars ($495,000) insuring the title of the City to said real properties are 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, and <br />including any and all leasehold interests), liens, clouds or defects in title, excepting such specific <br />ones as city may hereinafter expressly agree to take subject to. Acceptance by City of any such <br />policy of insurance, whether such insurance complies with the requirements of this paragraph or <br />not, shall not constitute a waiver by City of its right to such insurance as is herein required of <br />