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Resolution No. 89441 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 8944 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND RATIFYING THE EXECUTION OF A RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS AND COUNTER OFFER FOR PURCHASE OF REAL ESTATE BY AND BETWEEN THE CITY OF VERNON AND RICARDO CERDA FOR PROPERTY LOCATED AT 2915 E. 60Ta PLACE UNIT S IN HUNTINGTON PARK, CALIFORNIA WHEREAS, the City of Vernon desires to purchase certain real property in the City of Huntington Park consisting of a two bedroom condominium unit consisting of approximately 1407 square feet, together with all existing structures and improvements, commonly known as 2915 E. 60th Place Unit S, Huntington Park, California 90255 (the "Property") from Ricardo Cerda ("Cerda") for the sum of $351,000.00; and WHEREAS, the City desires to purchase the Property from Cerda on negotiated terms, which the City has determined to be fair and reasonable; and WHEREAS, in order to meet the urgent need for the Property, Ithe Chief Assistant City Attorney executed a Residential Purchase Agreement and Joint Escrow Instructions and Counter Offer No. 1 dated November 30, 2005 (collectively, the "Agreement"), subject to ratification by.the-City Council; and WHEREAS, the City Council desires to approve and ratify the actions of the Chief Assistant City Attorney in negotiating, executing and authorizing the payment of an initial deposit under the terms and conditions of the Agreement with Cerda. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby ratifies the execution of the Residential Purchase Agreement and Joint Escrow Instructions and Counter Offer No. 1 November 30, 2005, a copy of which is attached hereto as Exhibit A and incorporated by reference. SECTION 3: The City Council of the City of Vernon hereby approves and ratifies the payment of the initial deposit of $10,500.00 in accordance with the terms of the Agreement. SECTION 4: The City Council of the City of Vernon hereby authorizes the Acting City Clerk, or his designee, to execute any and all documents as shall be required to complete the purchase of the Property and to accomplish the close of escrow consistent with the terms of said Agreement. SECTION 5: The Acting City Clerk of the City of Vernon shall certify to the passage of this resolution, and thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 4th day of January, 2006. ATTEST: l �L. BRUC . MALKENHORST, JR. Acting City Clerk THOMAS A. YB RRA, Mayor Pro Tem - 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, BRUCE V. MALKENHORST, JR., Acting City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 8944, was duly adopted by the City Council of the City of Vernon at an adjourned regular meeting of the City Council duly held on Wednesday, January 4, 2006, and thereafter was duly signed by the Mayor Pro Tem of the City of Vernon. (SEAL) BR . MALKENHORST, JR. Acting City Clerk - 3 - EXHIBIT LA&I 0• CALIFORNIA ASS RESIDENTIAL PURCHASE AGREEMENT, AND JOINT ESCROW INSTRUCTIONS OF REEIACTORS®AT I O N For Use With Sin le FamilyResidential Pro perty —Attached or Detached N-0 (C.A.R. Form RPA-CA, Revised 10/02) Date IVO V. :30, c;. 0 0—r— , at 3 0 S' . 1. Off;t/OdW , California. A. THIS ism OFFER FROM - r14 E- (t ` `�- L % �/� 2 •ail Gi f'Gi21Vi `f+t B. THE REAL PROPERTY�TO BE ACQUIRED is satbed as i _ ,�lr , d� ("Buyer"). C. THE Is - ........n.././.'s Of t- P.S tVWuated In (property"). CLOSED. OF ESCROW shall occur on - [� - S` (date)(or ❑ Days After Acceptance). FINANCE TERMS: Obtaining the bars below is a contingency of this Agreement unless: (1) either 2K or 2L is checked below; or (11) otherwise agreed in writing. Buyer shall act diligently and in good faith to obtain the designated loans. Obtaining deposit, down payment and closing costs is not a contingency. Buyer represents that funds will be good when deposited with Escrow Holder. A. INITIAL DEPOSIT: Buyer has given a deposit in the amount of . ,ram. to the agent submitting the offer (or to ❑ , by peso al check $ �— (or O 1, made payable to which shall be held uncashed until Acceptance and then deposited within 3 business days after Acceptance (or ❑ , with Escrow Holder, (or ❑ into Broker's trust account). B. INCREASED DEPOSIT: Buyer shall deposit with Escrow Holder an increased deposit in the amount of within Days After Acceptance, or ❑ C. FIRST LOAN IN THE AMOUNT OF . (1) NEW First Deed of Trust in favor of lender, encumbering the Property, securing a note payable at maximum interest of *A fixed rate, or % initial adpatabie rate with a maximum interest rate of *A, balance due In Years, amortized over years. Buyer shall pay loan feestpoints not to exceed . (These terns apply whether the designated loan is conventional, FHA or VA.) (2) ❑ FHA ❑ VA: (The following terns only apply to the FHA or VA loan that is checked.) Seller shall pay % discount points. Seller shall pay other fees not &towed to be paid by Buyer, ❑ not to exceed $ Seller shall pay the cost of lender required Repairs (including those for wood destroYlng pest) not otherwise provided for in this Agreement, ❑ not to exceed $ . (Actual ban amount may increase If mortgage insurance premiums, funding fees or closing costs are financed.)--�-J-- D. ADDITIONAL FINANCING TERMS: _❑ Seller ftnancina. (C.A_R_ Fnrn, creh• n Qe..,,...rm... a...,.,,.:.,.. ... $ W, ...$ E. BALANCE OF PURCHASE PIECE (not Wi ft costs of obtak" bans and other dosing costs) in the amount of ... .O to be deposited with Escrow Holder within sufficient time to close escrow. F PURCHASE PRICE (IOTALk ..........................$ �,�D Q40_C! G. LOAN APPLICATIONS: Within 7 (�on Days After Acceptance, Buyer shall provide Seller a letter from lender or mortgage loan broker stating that,view of Buyer's written application and credit report, Buyer is prequalified or preappmved for NEW ban specified in 2C above. H• Pllllt'(f ANQ CIA$NQ COSTS: r (or Buyer's lender or loan broker pursuant to 2G) shall, within 7 (or Days after Acceptance, p written verificatah of Buyer's down payment and dosing costs. L LOA CONTI GENCY REMOVAL: (1) Within 17 (or Days After Acceptance, Buyer shall, as specified in paragraph 14, remove the loan contingency or cancel this Al t; 9OR (11) (If checked) ❑ the ban contingency shall remain in effect until the designated loans are funded, A APPRAISAL CONTINGENCY AND REMOV�%L, This Agreement is (OR, if checked, NOT) contingent upon the Property appraising at no less than the specified price. If there is a loan contingency, at the time the loan contingency is removed (or, if checked, ❑ within 17 (or A Days After Acceptance), Buyer shalt, as specified in paragraph 14B(3), remove the appraisal contingency or cancel greement. IfAthis no loan contingency, Buyer shall, as specified in paragraph 14 , remove the appraisal corntingency within 17 (orys After Acceptance. a LOAN CONTINGENCY (If checked): Obtaining an in paragraphs 2C, 2D or elsewhere in this Agreement is NOT a ntingency of this Agreement. If Buyer does not obtain the loan and as a result Buyer does not purchase the Property, Seller m entitled to Buyer's deposit or other legal remedies. L ALL CASH OFFER (If dh &ao: No ben is needed to purchase the Property. Buyer shy, wWM 7 (or ❑ _� Days After AooepWM, Seller w Meen verilb lion of sullident Ands to dose this t►ansadion. 3. CLOSING AND OCCUPANCY: A. Buyer intends (o not intend) to occupy the Property as Buyer's primary residence. B. ��-occu or vacant property: Occupancy shjjII be delivered to Buyer at j&- AW < ❑ on the date of Close Of Escrow; ❑ on ; or, W* later than Days After Close Of Escrow. (C.A.R. Form PAA, paragraph 2.) If transfer of title and occupancy do not occur at the same time, Buyer and Seller are advised to: (Q enter into a written occupancy agreement; and (N) consult with their Insurance and legal advisors. {' The copyright Imm of Vo Urrhed states (nae 17 U.S. Code) f0rW the unaLdhoized repmdudm of this form, or any porfon thereof, by photocopy rrraWria or wry otter ROOM kwk dng faceknNe or oomputert:ed fonrrife. CopyrVd Q 1991-2004, CALFORNIAASSOMTION of REALTORSS, INC. ALL RIMM RESERVED. RPA-CA REVISED 10IO2 (PAGE 1 OF 8) Print Date BDC Oct 04 huhaft BUYER'S COPY Buyer's Initials Q & Seller's initials L( ) Reviewed by Date �1111ew e..oer.iet. Ly r,uui ass. / %4 (/ V. ` . y- 7 ' Date: P/ — 73 0 — p i C. Tenant -occupied property: (1) Property shall be vacant at Feast 5 (or ❑ _ j Days Prior to Close Of Escrow, unless otherwise agreed in writing. Note to Seller: If you are unable to deliver Property vacant in accordance with rent control and other applicable Law, you may be in breach of this Agreement. OR (11) (if checked) ❑ Tenant to remain In possession. The attached addendum is incorporated into this Agreement (C.A.R. Form PAA, paragraph 3.); OR (111) (if checked) ❑ This Agreement Is contingent upon Buyer and Seller entering Into a written agreement regarding occupancy of the Property within the time specified in paragraph 14B(1). If no written agreement Is reached within this time, either Buyer or Seller may cancel this Agreement in writing. D. At Close Of Escrow, Seller assigns to Buyer any assignable warranty rights for Items included in the sale and shall provide any available Copies of such warranties. Brokers cannot and will not determine the assignability of any warranties. E. At Close Of Escrow, unless otherwise agreed in writing, Seller shall provide keys and/or means to operate all locks, mailboxes, security systems, alarms and garage door openers. If Property is a condominium or located in a common interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association ("HOA") to obtain keys to accessible HOA facilities. 4. ALLOCATION OF COSTS (If checked): Unless otherwise specified here, this paragraph only determines who is to pay for the report, inspection, test or service mentioned. If not specified here or elsewhere in this Agreement, the determination of who is to pay for any work recommended or identified by any such report, inspection, test or service shall be by the method specified in paragraph 14B(2). A. WOOD DENG PEST INSPECTION: (1) ❑ Buyer for shall pay for an inspection and report for wood destroying pests and organisms ("Report") which shall be prepared by (Z IC ( I, is ytd & $►M C &_� , a registered structural pest control company. The Report shall cover the accessible areas of the main building and attached structures and, if checked: ❑ detached garages and carports, ❑ detached decks, ❑ the following other structures or areas . The Report shall not include roof coverings. If Property is a condominium or located in a common interest subdivision, the Report shall include only the separate interest and any exclusive -use areas being transferred and shall not include common areas, unless otherwise agreed. Water tests of shower pans on upper level units may not be performed without consent of the owners of property below the shower. OR (2) ❑ (If checked) The attached addendum (C.A.R. Form WPA) regarding wood destroying pest inspection and allocation of cost is incorporated into this Agreement. B. OTHER INSPECTIONS AND REPORTS: (1) ❑ Buyer ❑ Seller shall pay to have septic or private sewage disposal systems inspected (2) ❑ Buyer ❑ Seller shall pay to have domestic wells tested for water potability and productivity (3) ❑ Buyer)R:Seller shah pay for a natural hazard zone disclosure r rt d�l by � (4)Buyer ❑ Seller shall pay for the following inspection or report (5) ❑ Buyer ❑ Seller shall pay for the following inspection or report C. GOVERNMENT REQUIREMENTS AND RETROFIT: (1) ❑ BuyerbirTeller shall pay for smoke detector installation and/or water heater bracing, if required by Law. Prior to Close Of Escrow, Seller hall provide Buyer a written statement of compliance in accordance with state and local Law, unless exempt. (2) ❑ Buyer eller shall pay the cost of compliance with any other minimum mandatory government retrofit standards, in ns and reports ff required as a condition of closing escrow under any Law. D. ESCROW AND TITLE: (1 l,)0uyec><eIler shall pay escrow fee -s .I' ]` rI✓ Escrow Holder shall be G� , p d T (2) ❑ Buyer ❑ Seller shall pay for owner's tide insurance policy speci}ied in pa raph 12E Owner's tide policy to be issued by (Buyer shall pay for any tide insurance policy insuring Buyer's lender, unless otherwise agreed in writing.) (� f Q E. OTHER COSTS: (1) ❑ Buyer �ler shall pay County transfer tax or transfer fee Q' / g-- , (2) ❑ Buyer ler shall pay City transfer tax or transfer fee (3) ❑ Buyer r shall pay HOA transfer fee (4) ❑ Buyer tmSpIler shall pay HOA document preparation fees (5) ❑ BuyerWeller shall pay the cost, not to exceed $ , o issued by , o -year home warranty plan, �, � ..�f with the following optional coverage. ' (6) ❑ Buyer ❑ Seller shall pay for O ❑ Buyer ❑ Seller shah pay for 5. STATUTORY DISCLOSURES (INCLUDING LEAD -BASED PAINT HAZARD DISCLOSURES) AND CANCELLATION RIGHTS: A. (1) Seller shall, within the time specified In paragraph 14A, deliver to Buyer, N required by Law: (t) Federal Lead -Based Paint Disclosures and pamphlet ("Lead Disciosures"j; and (il) disclosures or notices required by sections 1102 et. seq. and 1103 et. seq. of the California Civil Code ("Statutory Disclosures'. Statutory Disclosures include; but are not limited to, a Real Estate Transfer Disclosure Statement ('TDS"), Natural Hazard Disclosure Statement ("NHD"), notice or actual knowledge of release of illegal controlled substance, notice of special tax and/or assessments (or, if allowed, substantially equivalent notice regarding the Mello -Roos Community Facilities Act and Improvement Bond Act of 1915) and, if Seller has actual knowledge, an industrial use and military ordnance location disclosure (C.A.R. Form SSD). (2) Buyer shall, within the time specified in paragraph 14B(1), return Signed Copies of the Statutory and Lead Disclosures to Seller. (3) In the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, information or representations previously provided to Buyer of which Buyer is otherwise unaware, Seller shall promptly provide a subsequent or amended disclosure or notice, in writing, covering those items. However, a subsequent or amended disclosure shall not be required for conditions and material Inaccuracies disclosed in reports ordered and paid for by Buyer. Buyer's initials 's ( ) CopyrigMO 1981-2004, CALIFORNIA ASSOCIATION OF RF.AlTORB®, INC. SellerInitials � RPA-CA REVISED 10/02 (PAGE 2 OF 8) Reviewed by Date BUYER'S COPY u►.oerMwrr �y�WWI ay �%A%Al000. I J V Date: O " 0-i (4) if any disclosure or notices pacified in 5A(1), or subsequent or amended disclosure or notice is delivered to Buyer after the offer is Signed, Buyer, shall have the right to cancel this Agreement within 3 Days After delivery in person, or 5 Days After delivery by deposit in the mail, by giving written notice of cancellation to Seller or Seller's agent. (Lead Disclosures sent by mail must be sent certified mail or better.) (5) Note to Buyer and Seller Waterer of Statutory and Lead Disclosures Is prohibited by Law. B. NATURAL AND ENVIRONMENTAL HAZARDS: Within the time specified in paragraph 14A, Seller shall, if required by Law: (1) deliver to Buyer earthquake guides (and questionnaire) and environmental hazards booklet; (11) even if exempt from the obligation to provide a NHD, disclose if the Property is located in a Special Flood Hazard Area; Potential Flooding (Inundation) Area; Very High Fire Hazard Zone; State Fire Responsibility Area; Earthquake Fault Zone; Seismic Hazard Zone; and (ill disclose any other zone as required by Law and provide any other information required for those zones. C. DATA BASE DISCLOSURE: NOTICE: The Caltfomia Department of Justice, sheriff's departments, police departments serving jurisdictions of 200,000 or more and many other local law enforcement authorities maintain for public access a data base of the locations of persons required to register pursuant to paragraph (1) of subdivision (a) of Section 290.4 W the Penal Code. The data base is updated on a quarterly basis and a source of information about the presence of these individuals in any neighborhood. The Department of Justice also maintains a Sex Offender Identification Line through which inquiries about individuals may be made. This is a "9W telephone service. Callers must have specific information about individuals they are checking. Information regards rhoods is not available through the "900" telephone service. 6. CONOOMINIUM/PLANNED UNIT DMILOPMENT DISCLOSURES: A. SELLER HAS: 7 (or ❑ _) Days After Acceptance to disclose to Buyer whether the Property is a condominium, or is located in a planned unit development or other common interest subdivision (C.A.R. Form SSD). B. If the Property is a condominium or is located in a planned unit development or other common interest subdivision, Seller has 3 (or O _) Days After Acceptance to request from the HOA (C.A.R. Form HOA): (1) Copies of any documents required by Law; (11) disclosure of any pending or anticipated claim or litigation by or against the HOA; (111) a statement containing the location and number of designated parking and storage spaces; (ter) Copies of the most recent 12 months of HOA minutes for regular and special meetings; and (v) the names and contact information of all HOAs governing the Property (collectively, "Cl Disclosures'). Seller shall itemize and deliver to Buyer all Cl Disclosures received from the HOA and any Cl Disclosures in Seller's posssssion. Buyer's approval of Cl Disclosures is a contingency of this Agreement as specified in paragraph 14B(3). 7. CONDITIONS AFFECTING PROPERTY-. A. Unless otherwise agreed: (i) the Property is sold (a) In Its PRESENT physlosl condition as of the date of Acceptance and (b) subject to Buyer's Investigation , (11) the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same coi�•as on the date of Acceptance; and (ill) all debris and personal property not included in the sale shall be removed by Close Of Escrow. B. SELLER SHALL, within the time specfled In paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, Including known Insurance claims within the past five years, AND MAKE OTHER DISCLOSURES REQUIRED BY LAW (CJLR. Form SSDj C. NOTE TO BUYER: You are strongly advised to conduct Investigations of the entire Property in order to determine Its present condition since Seiler may not be aware of all defects affecting the Property or other factors that you consider Important. Property Improvements may not be built according to cods, in compliance with current Law, or have had permits Issued. D. NOTE TO SELLER: Buyer has the right to Inspect the Property and, as specified In paragraph 14B, based upon other atonnt; discovered in those ids: p) cancel this Agreemeor (1) ri"Wat that you make Repairs or take S. ITEMS INCLUDED AND EXCLUDED. A. NOTE TO BUYER AND SELLER: Items listed as included or excluded in the MLS, flyers or marketing materials are not Included in the purchase price or excluded from the sale unless specified in 88 or C. B. ITEMS INCLUDED IN SALE: (1) All EXISTING fixtures and fittings that are attached to the Property; (2) Existing electrical, mechanical, pkrmbing and heating fixtures, coifing fans, fireplace inserts, gas logs and grates, solar systems, built-in appliances, wl and door screens, awnings, shutters, window, coverings, attached floor coverings, television antennas, satellite dishes, private integrated telephone systems, air 000lers/conditioners, pool/spa equipment, garage door openers/remote cahtrols, mailbox, in -ground landscaping, trees/shrubs, water softeners, water purifiers, security systems/alarms; and (3) The folkrwing items: ' Y ,` �- �4V jQ L �`�,ry c J (4) Seller represents that all items included In the purchase price, unless otherwise specified, are owned by Seller. (5) All items included shall be transferred free of liens and without Seller warranty.... C. ITEMS EXCLUDED FROM SALE: 9. BUYER'S INVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY.• A. Buyer's acceptance of the condition of, And any other matter affecting the Property, is a contingency of this Agreement as specified in this paragraph and paragraph 14B. Within the time specified in paragraph 146(1), Buyer shall have the right, at Buyer's expense unless otherwise agreed, to conduct Inspections, investigations, tests, surveys and other studies ("Buyer Investigations"), including, but not limited to, the right to: (1) inspect for lead -based paint and other lead -based paint hazards; (11) inspect for wood destroying pests and organisms; (111) review the registered sex offender database; (Iv) confirm the insurability of Buyer and the Property; and (v) satisfy Buyer as to any matter specified in the attached Buyer's Inspection Advisory (C.A.R. Form BIA). Without Seller's prior written consent, Buyer shall neither make nor cause to be made: (1) invasive or destructive Buyer Investigations; or (11) Inspections by any governmental building or zoning inspector or government employee, unless required by Law. B. Buyer shall complete Buyer Investigations and, as specified in paragraph 14B, remove the contingency or cancel this Agreement. Buyer shall give Seller, at no cost, complete Copies of all Buyer Investigation reports obtained by Buyer. Seller shall make the Property available for all Buyer. Investigations. Seiler shall have water, gas, electri tty and all operable pilot lights on for Buyer's Investigations and through the date possession is made available to Buyer Buyer's Initials IL O 1881-2004, CALIFORNfAASSOCIATKNr OF REAlTOR9f�, INC. Seller's Initials (i � R A REVISED 101102 (PAGE 3 OF 8) Reviewed Date BUYER'S COPY .. rryperty huaress: e7— -1 1-.� �,: L 5 Date: / % 3 d C� 10. REPAIRS: Repair's shall be completed prior to final verification of 'condition unless otherwise agreed In, writing. Repairs to be performed at'Seller's expense may be performed by Seller of througN others, provided that the work complies with applicable Law, including governmental permit, inspection and approval requirements. Repairs shall be performed in a good, skillful manner with materials of quality and appearance comparable to existing materials. It is understood that exact restoration of appearance or cosmetic items following all Repairs may not be possible. Seller shall: (1) obtain receipts for Repairs performed by others; i Q prepare a written statement indicating the Repairs performed by Seller and the date of such Repairs; and PH) provide Copies of receipts and statements to Buyer prior to final verification of condition. 11. BUYER INDEMNITY AND SELLER PROTECTION FOR ENTRY UPON PROPERTY: Buyer shall: (1) keep the Property free and clear of liens; (11) Repair all damage arising from Buyer Investigations; and PH) indemnify and hold Seller harmless from all resulting liability, claims, demands, damages and costs. Buyer shall carry, or Buyer shall require anyone acting on Buyer's behalf to carry, policies of liability, workers' compensation and other applicable insurance, defending and protecting Seller from liability for any injuries to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow. Seller is advised that certain protections may be afforded Seller by recording a "Notice of Non -responsibility" (C.A.R. Form NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations under this paragraph shall survive the termination of this Agreement. 12. TITLE AND VESTING: A. Within the time specified in paragra 14, Buyer shall be provided a current preliminary (title) report, which is only an offer by the title insurer to issue a policyof tide insurance and may not contain every report and any other matters which may affect title are continitem affecting title. Buyer's review of the preliminary resent condition s 9e�Y of this Agreement as specified in paragraph 14B. B. Title is taken in its P subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether of record or not, as of the date of Acceptance except; (i) monetary liens of record unless Buyer is assuming those obligations or taking the Property subject to those obligations; and 01) those matters which Seiler has agreed to remove in writing. C. Within the time specified in paragraph 14A, Seller has a duty to disclose to Buyer ail matters known to Seller affecting title, whether of record or not. D. At Close Of Escrow, Buyer shall receive a grant deed conveying title (or, for stock cooperative or long-term lease, an assignment of stock certificate or of Seller's leasehold Interest), including oil, mineral and water rights if currently owned by Seller. Title shall vest as deserted in Buyer's supplemental escrow instructions. THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES. CONSULT AN APPROPRIATE PROFESSIONAL. E. Buyer shall receive a CLTA/ALTA Homeowner's Policy of Title Insurance. A title company, at Buyer's request, can provide information about the availability, desirability, coverage, and cost of various title Insurance coverages and endorsements. if Buyer desires title coverage other than that required by this paragraph, Buyer shall instruct Escrow Holder in writing and pay any Increase in cost. 13. SALE OF BUYER'S PROPERTY. A. This Agreement is NOT contingent upon the sale of any property owned by Buyer. OR B. ❑ (If checked): The attached addendum (C.A.R. Form COP) regarding the contingency for the sale of property owned by Buyer is incorporated into this Agreement. 14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be extended, altered, modified or changed gedby mutual written agreement. Any removal of contingencies or cancellation under this paragraph must be in writing (C.A.R. form CR). A. SELLER HAS: 7 (or ❑ � Days After Acceptance to deliver to Buyer all reports, disclosures and information for which Seller is responsible under paragraphs 4, 5A and B, 6A, 78 and 12. B. (1) BUYER HAS: 17 (or ❑ - Days After Acceptance, unless otherwise agreed in writing, to: (1) complete all Buyer Investigations; approve all disclosures, reports and other applicable information, which Buyer receives from Seller; and approve all matters affecting the Property (including lead -based paint and lead -based paint hazards as well as other information specified in paragraph 5 and insurability of Buyer and the Property); and (iq return to Seller Signed Copies of Statutory and Lead Disclosures delivered by Seiler in accordance with paragraph 5A. (2) Within the time specified in.14B(1), Buyer may request that Seller make repairs or take any other action regarding the Property (C.A.R. Form RR). Seller has no obligation to agree to or re ' g respond to Buyer's requests. (3) By the end of the time specified in 148(1) (or 21 for loan contingency or 2J for appraisal contingency), Buyer shall, in writing, remove the applicable contingency (C.A.R. Form CR) or cancel this Agreement. However, if (1) government -mandated inspections/ reports required as a condition of closing; or (IQ Common Interest Disclosures pursuant to paragraph 6B are not made within the time specified in 14A, .then Buyer has 5 (or ❑ iDays After receipt of any such items, or the time specified in 14B(1), whichever is later, to remove the applicable contingency or cancel this Agreement in writing. C. CONTINUATION OF CONTINGENCY OR CONTRACTUAL OBLIGATION; LLER RIGHT TO CANCEL: (1) Seller right to Cancel; Buyer Contingencies: Seller, after first giving Buyer a Notice to Buyer to Perform (as specified below), may cancel this Agreement in writing and authorize return of Buyeessdeposit If, by the time specified in this Agreement, Buyer does not remove in writing the applicable contingency or cancel this Agreement. Once all contingencies have been removed, failure of either Buyer or Seller,to close escrow on time may be a breach of this Agreement. (2) Continuation of Contingency: Even after the expiration of the time specified in 14B, Buyer retains the right to make requests to Seller, remove in writing the applicable contingency or cancel this Agreement until Seller cancels pursuant to 14C(1). Once Seller receives Buyer's written removal of all contingencies, Seller may not cannel this Agreement pursuant to 14C(1). (3) Seller right to Cancel; Buyer Contract Obligations: Seller, after first giving Buyer a Notice to Buyer to Perform (as specified below), may cancel this Agreement in writing and authorize return of Buyer's deposit for any of the following reasons: (1) if Buyer fails to deposit funds as required by 2A or 213; (11) if the funds deposited pursuant to 2A or 2B are not good when deposited; IN) if Buyer fails to provide a letter as required by 2G; Qv) if Buyer fails to provide verification as required by ,e or 2L; (vS I€ Seller reasonably disapproves of the verification provided by 2H or 2L; (vi) if Buyer fails to return Statutory and Lead Disclosures as required by paragraph 5A(2); or (viq if Buyer fails to sign or initial a separate liquidated damage form for an increased deposit as required by paragraph 16. Beiier is not required to give Buyer a Notice to Perform regarding Close of Escrow. (4) Notice To B To Perform: The Notice to Buyer to Perform (C.A.R. Form NBP) shall: (1) be in writing; (11) be signed by Seller; and (Ili give Buyer at least 24 (or ❑ — hours (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action. A Notice to Buyer to Perform may not be given any a river than 2 Days Prior to the expiration of the applicable time for Buyer to remove a contingency or cancel this Agr r meet a 14C(3) obligation. Buyer's Initials ( ) Copyright A 1991-2004, CALIFORNIA ASSOCIATION OF REALTOR9®, INC. seller's lnftk s1Z RPA-CA REVISED 10/02 (PAGE 4 OF 8) Reviewed by Date mn BUYER'S COPY 71 It Date: D. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES : If Buyer removes, in writing, any contingency or cancellation rights, unless otherwise•specMed in a separate written agreement between Buyer and Seller, Buyer shall conclusively be deemed to have: (1) completed all Buyer Investigations, and review of reports and other applicable information and disclosures pertaining to that contingency or cancellation right; (11) elected ,to proceed with the transaction; and (NI) assumed all liability, responsibility and expense for Repairs or corrections pertaining to that contingency or cancellation right, or for inability to obtain financing. E. EFFECT OF CANCELLATION ON DEPOSITS: If Buyer or Seller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement, Buyer and Seller agree to Sign mutual instructions to cancel the sale and escrow and release deposits to the party entitled to the funds, less fees and costs incurred by that party. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed release Instructions from Buyer and Seller, judicial decision or arbitration award. A party may be subject to a civil penalty of up to $1,000 for refusal to sign such instructions If no good faith dispute exists as to who is entitled to the deposited funds (Civil Code §1057.3). 15. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final inspection of the Property within 5 (or 1 Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm: (1) the Property is maintained pursuant to paragraph 7A; (11) Repairs have been completed as agreed; and (Ili) Seiler has complied with Seller's other obligations under this Agreement. 16. LIQUIDATED DAMAGES: If Buyer falls to complete this purchase because of Buyer's default, Seller shall retain, as liquidated damages, the deposit actually paid. If the Property is a dwelling with no more than four units, one of which Buyer Intends to occupy, then the amount retained shall be no more than 3% of the purchase price. Any excess shall be returned to Buyer. Release of funds will require mutual, Signed release instructions from both Buyer and Seller, Judicial decision or arbitration award. BUYER AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION FOR ANY INCREASED DEPOSIT. (C.A.R. FORM RID) 17. DISPUTE RESOLUTION: lauyers rume2z4K Seller's Initials A. MEDIATION: Buyer and Seller agree to mediate any dispute or claim arising between them out of this Agreement, or any resulting transaction, before resorting to arbitration or court action. Paragraphs 17B(2) and (3) below apply whether or not the Arbitration provision is Initialed. Mediation fees, if any, shall be divided equally among the parties involved. If, for any dispute or claim to which this paragraph applies, any party commences an action without first attempting to resolve the matter through mediation, or refuses to mediate after ai request has been made, then that party shall not be entitled to recover attorney fees, even if they would otherwise be available to that party in any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED. B. ARBITRATION OF DISPUTES: (1) Buyer and Seller agree that any dispute or claim in Law or equity arising between them out of this Agreement or any resulting transaction, which Is not settled through mediation, shall be decided by neutral, binding arbitration, Including and subject to paragraphs 17B(2) and (3) below. The arbitrator shall be a retired judge or justice, or an attorney with at least 5 years of residential real estate Law experience, unless the parties mutually agree to a different arbitrator, who shall render an award In accordance with substantive California Law. The parties shall have the right to discovery In accordance with California Code of Civil Procedure §1283.05. In aH other respects, the arbitration shall be conducted in accordance with Title 9 of Part III of the Califor'nis Code of Civil Procedure. Judgment upon the award of the arbitrator(a) may be entered into any court having Jurisdiction. Interpretation of this a reement to arbitrate shall be governed by the Federal Arbitration, Act. (21 EXCLUSIONS FROM MEDIATION AND ARBITRATION: The fopowhV M*tWs are excluded from mediation and arbitration: (1) a judicial or non-judkftl foreclosure or other action or proceeding to enforce a deed of trust, mortgage or Installment land sale contract as defined in CalHor'nia Civil Code §2985; (if) an unlawful detainer action; (111) the filing or enforcement of a mechanic's lion; and (Iv) any matter that is within the jurisdiction of a probate, small claims or bankruptcy court. The (fling of a court action to enable the recording of a notice of pending action, for order of attachment, receivership, injunction, or other provisional remedies, shad not constitute a waiver of the mediation and arbitration provisions. (3) BROKERS: Buyer and Seiler agree to mediate and arbitrate disputes or ciaime involving either or both Brokers, consistent with 17A and B, provided either or both Brokers shall have agreed to such mediation or arbitration prior to, or within a reasonable time after, the dispute or claim is presented to Brokers. Any election by either or both Brokers to participate in mediation or arbitration shall not result in Brokers being deemed parties to the Agreement. "NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CAUFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE ' SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED iN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THiS ARBITRATION PROVISION IS VOLUNTARY." "WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE'ARBiTRATION OF DISPUTES' PROVISM Tn tiGr ITDAII AC212rr0A„n.r Copyright 01991-2004, CALIFORNIA ASSOCIATION OF REALTORS@, INC. RPA-CA REVISED 10/02 (PAGE 5 OF 8) by Data BUYER'S COPY 9%A 1 10^nkU A nrl.19%9-1LMN A I n..ww. a . . %A, typ%uulebb. C�l4 Date: t — 3 0— 18. PRORATfONS OF'PROPERTY TAXES AND OTHER ITEMS: Unless.. otherwise agreed in writing, the'foilowing items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Escrow: real property taxes and assessments, interest, rents, HOA regular, special, and emergency dues and assessments Imposed prior to Close Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments assumed b Buyerand Y Y payments on Mello -Roos and other Special Assessment District bonds and assessments that are now a lien. The following items shall be assumed by Buyer WITHOUT CREDIT toward the purchase price: prorated payments on Mello -Roos and other Special Assessment District bonds and assessments and HOA special assessments that are now a lien but not yet due. Property will be reassessed upon change of ownership. Any supplemental tax bills shall be paid as follows: (1) for periods after Close Of Escrow, by Buyer; and (11) for periods prior to Close Of Escrow, by Seller. TAX BILLS ISSUED. AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. Prorations shall be made based on a 30-day month. 19. WITHHOLDING TAXES: Seller and Buyer agree to execute any instrument, affidavit, statement or instruction reasonably necessary to comply with federal (FIRPTA) and California withholding Law, if required (C.A.R. Forms AS and AB). 20. MULTIPLE LISTING SERVICE ("MLS"): Brokers are authorized to report to the MLS a pending sale and, upon Close Of Escrow, the terms of this transaction to be published and disseminated to persons and entities authorized to use the information on terms approved by the MLS. 21. EQUAL HOUSING OPPORTUNITY: The Property is sold in compliance with federal, state and local anti -discrimination Laws. 22. ATTORNEY FEES: In any action, proceeding, or arbitration between Buyer and Seller arising out of this Agreement, the prevailing Buyer or Seller shall be entitled to reasonable attorney fees and costs from the non -prevailing Buyer or Seller, except as provided in paragraph 17A. 23. SELECTION OF SERVICE PROVIDERS: if Brokers refer Buyer or Seller to persons, vendors, or service or product providers ("Providers"), Brokers do not guarantee the performance of any Providers. Buyer and Seiler may select ANY Providers of their own choosing. 24. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time is of the essence. AO understandings between the parties are incorporated in this Agreement. Its terms are intended by the parties as a final; complete and exclusive expression of their Agreement with respect to its subject matter, and may not be cmntrad by evidence of any prior agreement or contemporaneous oral agreement. If any provision of this Agreement Is held to be ineffective or invalid, the remaining provisions will nevertheless be given full force and effect. Neither this Agreement nor any provision in it may be extended, amended, modifled, altered or changed, except in writing Signed by Buyer and Seller. 25. OTHER TERMS AND CONDITIONS, Including attached supplements: A. ® Buyer's Inspection Advisory (C.A R Fomn BIA) B. O Purchase Agreement Addendum (C.A.R. Form PAA paragraph numbers: ) C. El Statewide B er and State C.A.R. Form SBSA D. 26. DEFINITIONS: As used in this Agreement p-494,r f*tT ; —v N-W 76 Vi=—rLiYoN LI ,Y j. Co�j*e;L A. "Acceptance" means the time the offer or final counter offer is accepted In writing by a party and is delivered to and personally received by the other party or that party's authorized agent in accordance with the terms of this off_e� a fine counter offer.' B. "Agreement" means the terms and conditions of this accepted California Residential Purchase Agreement and any accepted counter offers and addenda. C. "C.A.R. Form" means the specific form referenced or another comparable farm agreed to by the parties. D. "Close Of Escrow" means the date the grant deed, or other evidence of transfer of title, is recorded. If the scheduled close of escrow fails on a Saturday, Sunday or legal holiday, then close of escrow shall be the next business day after the scheduled close of escrow date. E. "Copy" means copy by any means including photocopy, NCR, facsimile and electronic. F. "Days" means calendar days, unless otherwise required by Law. G. "Days After" means the specified number of calendar days after the occurrence of the event specified, not counting the calendar date on which the specified event occurs, and ending at 11:59PM on the final day. H. "Days Prior" means the specified number of calendar days before the occurrence of the event specified, not counting the calendar date on which the specified event, is scheduled to occur. 1. "Electronic Copy" or "Electronic SWwdure" means, as applicable, an ekwtfbnic copy or signature complying with California Law. Buyer and Seller agree that electronic means will not be used by either party to modify or alter the content or Integrity of this Agreement without the knowledge and consent of the other. J. "Law" means any law, code, statute, ordinance, regulation, rule or order, which is adopted by a controlling city, county, state or federal legislative, judicial or executive body or agency. K. "Notice to Buyer to Perform" means a document (C.A.R. Form NBP), which shall be in writing and Signed by Seller and shall give Buyer at least 24 hours (or as otherwise specified in paragraph 14C(4)) to remove a contingency or perform as applicable. L. "Repairs" means any repairs (including pest control), alterations, replacements, modifications or retrofitting of the Property provided for under this Agreement. M. "Signed" means either a handwritten or electronic signature on an original document, Copy or any counterpart. N. Singular and Plural terms each Include the other, when appropriate. Buyer's rnitrais ) seller's inmals PCALIFORNIA ASSOCIATION ) of REALroRs®, INC.RACA REVISED 101PAGE 6 OF Reviewed by Date I ararrwerr BUYER'S COPY ' 'yl+�sny r+uutdas: v i u Cl •�' T"� I Date: S Q 27. AGENCY: A. DISCLOSURE: Buyer and Seller each acknowledge prior receipt of C.A.R. Form AD "Disclosure Regarding Real Estate Agency Relationships." B. POTENTIALLY COMPETING BUYERS AND SELLERS: Buyer and Seller each acknowledge receipt of a disclosure of the possibility of multiple representation by the Broker representing that principal. This disclosure may be part of a listing agreement, buyer -broker agreement or separate document (C.A.R. Form DA). Buyer understands that Broker representing Buyer may also represent other potential buyers, who may consider, make offers on or ultimately acquire the Property. Seller understands that Broker representing Seller may also represent other sellers with competing properties of interest to this Buyer. C. CONFIRMATION: The following agency relationships are h ereby nflrmed for this transaction: Listing Agent 0 — 0. ( A-Ld, S ? _A4z_S (Print Firm Name) is the agent of (check one)•. the Seller exclusively; or ❑ both the Buyer an _d Seger. Selling Agent 4 k a S 7-emt-0- , lAt se, sue-' a (Print Firm Name) (if not same as Listing Agent) is the agent of (check one): Whe Buyer exclusively; or ❑ the Seller exclusively; or ❑ both the Buyer and Seller. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. 28. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: A. The following paragraphs, or applicable portions thereof, of this Agreement constitute the joint escrow Instructions of Buyer and Seiler to Escrow Holder, which Escrow Holder is to use along with any related counter offers and addenda, and any additional mutual instructions to close the escrow: 1, 2, 4, 12, 13B, 14E, 18, 19, 24, 25B and C, 26, 28, 29, 32A, 33 and paragraph D of the section titled Real Estate Brokers on page 8. If a Copy of the separate compensation agreement(s) provided for in paragraph 29 or 32A, or paragraph D of the section titled Real Estate Brokers on page 8 is deposited with Escrow Holder by Broker, Escrow Holder shall accept such agreement(s) and pay out from Buyer's or Seller's funds, or both, as applicable, the Broker's compensation provided for in such agreement(s). The terms and conditions of this Agreement not set forth in the specified paragraphs are additional matters for the information of Escrow Holder, but about which Escrow Holder need not be concerned. Buyer and Seller will receive Escrow Holder's general provisions directly from Escrow Holder and will execute such provisions upon Escrow Holder's request. To the extent the general provisions are inconsistent or conflict with this Agreement, the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Seller will execute additional instructions, documents and forms provided by Escrow Holder that are reasonably necessary to close the escrow. B. A Copy of this Agreement shall be delivered to Escrow Holder within 3 business days after Acceptance (or ❑ }. Buyer and Seller authorize Escrow Holder to accept and rely on Copies and Signatures as defined in this Agreement as originals, to open escrow and for other purposes of escrow. The validity of this Agreement as between Buyer and Seller is not affected by whether or when Escrow Holder Signs this Agreement. C. Brokers are a party to the escrow for the sole purpose of compensation pursuant to paragraphs 29, 32A and paragraph D of the section titled Real Estate Brokers on page 8. Buyer and Seller irrevocably assign to Brokers compensation specified in paragraphs 29 and 32A, respectively, and irrevocably instruct Escrow Holder to disburse those funds to Bracers at Close Of Escrow or pursuant to any other mutually executed cancellation agreement. Compensation instructions can be amended or revoked only with the written consent of Brokers. Escrow Holder shall immediately notify Brokers: (1) if Buyer's initial or any additional deposit is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder; or (IQ if Buyer and Seller instruct Escrow Holder to cancel escrow. D. A Copy of any amendment that affects any paragraph of this Agreement for which Escrow Holder is responsible shall be delivered to Escrow Hader within 2 business days after mutual execution of the amendment. 29. BROKER COMPENSATION FROM BUYER: If applicable, upon Close Of Escrow, Buyer agrees to pay compensation to Broker as specified in a separate written agreement between Buyer and Broker. 30. TERMS AND CONDITIONS OF OFFER: This is an offer to purchase the Property on the above terms and conditions. All paragraphs with spaces for initials by Buyer and Seller are incorporated In this Agreement only if initialed by all parties. If at least one but not all parties initial, a counter offer is required until agreement is reached. Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of Acceptance. Buyer has read and acknowledges receipt of a Copy of the offer and agrees to the above confirmation of agency relationships. If this offer is accepted and Buyer subsequently defaults, Buyer may be responsible for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, including any Copy, may be Signed in two or more counterparts, all of which shall constitute one and the same writing. Buyer's InIdals Seller's Initials Copyright 01991-2004, CALIFORNIA ASSOCIATION OF REALTORS®, INC. RPA-CA REVISES 102 (PAGE 7 OF 8) RsvWwedrY Date BUYER'S COPY riyl.uei ty muiuress: ! v rr • Date: _1 l — 3 O - Cu r" 31. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit shall be returned unless the offer is Signed by Seller and a Copy,of the Signed offer is personally received by Buyer, op by authorized to receive it by 5:00 PM on the third calendar day after this offer is signed by Buyer (or, if checked, whobiy (date), at AM/PM). Date �� — Date BUYER 0 VBUYER (Print name) �� NS (Print name) (Address) to tf.l'L/1�Qr% %Cif i4'Y� . 32. BROKER COMPENSATION FROM SELLER: � rfh �� As _ r-+�� A. Upon Close Of Escrow, Seller agrees to pay co pensatlo to fbker s s n a separate written agreement between Seller and Broker. B. If escrow does not close, compensation is payable as specified in that separate written agreement. 33. ACCEPTANCE OF OFFER: Seller warrants that Seller is the owner of the Pr Seller accepts the above offer, agrees to sell the Pr Property, n has the authority to execute this Agreement. a g Property on the above terms and conditions, and agrees to the above confirmation of agency relationships. Seller has read and acknowledges receipt of a Copy of this Agreement, and authorizes Broker to deliver a Si ned Copy to Buyer. If checked) SUBJECT TO ATTACHED COUNTER OFFER, DATED Date Date SELLER SELLER (Print name) r.(Prjgj name) CONFIRMATION OF ACCEPTANCE: A Copy of Signed Acceptance was personally received by Buyer or Buyer's authorized agent on (datektille at AMIPM. A binding Agreement is created when (Initials) a Copy of Sod Acosp Is personally received by Buyer Oh 's authorized agent whether or not confirmed in document. n of this confirmation is not l Buyer's In order to create a binding Agreement; it is solely intended to evidence the date that Conflrrnstiori of Acceptance has occurred. REAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B. Agency relationships are confirmed as stated in paragraph 27. C. If specified in paragraph 2A, Agent who submitted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Firm) and Cooperating Broker agrees to accept, out of Listing Broker's proceeds in escrow: (1) the amount specified in the MLS, provided Cooperating Broker is a Participant of the MLS In which the Property is offered for sale or a reciprocal MLS; or (11) 0 (if checked) the amount specified in a separate written agreement (C.A.R. Form CBC) between Listing Broker and Cooperating Broker. Real Estate Broker fSallinn mrml A krio,. A- .0 �sys e�w- 'A— . �_ I — _ _ . � P -- -To�— wva_ Real Estate Broker JUsting Firm) — By1.!/iS .LAN Address m Telephone e—A 7 — XCE1— • z i 1V Escrow Holder acknowledges receipt of a Copy of this Agreement, (if checked, 0 a deposit in the amount of $ h counter offer numbers and and agrees to act as Escrow Holder subject to paragraph 28 of this Agreement, any supplemental escrow instructions and the terms of Escrow Holder's general provisions. Holder is advised that the date of Confirmation of Acceptance of the Agreement as between Buyer and Seller is Escrow Holder By Escrow # Date Phone/Fax/E-mail Escrow Holder is licensed by the California Department of ` Corporations, 7 Insurance, ❑ Real Estate. License # REJECTION OF OFFER: No counter offer is being made. This offer was reviewed and rejected by Seller on (Seller's Initials) (Date) THIS FORM HAS BEEN APPRovFn RY Twrr rrer acnawa AQQrW11.r,.....,� ADEt]UACY OF ANY PROVISION IN ANY SPECIFIC TRANBAOTIOIV. A REAL ESTATE'BROKEFVW R ISTHEPERSON QUALIFIED TO ADAS TO VISELON REAL ESTATE TRANSACTIONS.TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is available for use by the entire real estate Industry. itis not intended to identify the user as a REALTOR& REALTORO is a ristered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORSQD who subscribe to its Code of Ethics. eg Published and DWU#xW WA ESTATE BLOWN m, W. N Sy*M- for SuCoess• 525 SWM Wo ot6A"nue, mla ftWatE4LTORS 1Z Averwe, Lae Anpeiee, f 90020 Reviewed Yy Date RPA-CA REVISED 10/02 (PAGE 8 OF 8) BUYER'S COPY ePParcWn CALIFORNIA A S S O e I AT I O N BUYER'S INSPECTION ADVISORY OF REALTORS® (CJLR. Form BIA, Revised 10M) Property Address: cl, `1r -:tr 9r 40 ("Property") A. IMPORTANCE OF PROPERTY INVESTIGATION: The h r` ` p ysical condition of the land and improvements being purchased is not guaranteed by either Seller or Brokers. For thds reason, you should conduct thorough investigations of the Property personally and with professionals who should provide written reports of their investigations. A general physical inspection typically does not cover all aspects of the Property nor Items affecting the Property that are not physically located on the Property. if the professionals recommend further investigations, including a recommendation by a pest control operator to inspect Inaccessible areas of the Property, you should contact qualified experts to conduct such additional investigations. B. BUYER RIGHTS AND DUTIES: You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of discoed facts, and the Investigation and verification of information and facts that you know or that are within your diligent attention and observation. The purchase agreement gives you the right to Investigate the Property. If you exercise this right, and you should, you must do so In accordance with the terms of that agreement. This is the best way for you to protect yourself. It is extremely Important for you to read all written reports provided by professionals and to discuss the results of Inspections with the professional who conducted the Inspection. You have the right to request that Seller make repairs, corrections or take other action based upon items discovered in your investigations or disclosed by Seller. If Seiler Is unwilling or unable to satisfy your requests, or you do not want to purchase the Property In Its disclosed and discovered condition, you have the right to cancel the agreement if you act within specific time periods. If you do not cancel the agreement in a timely and proper manner, you may be in breach of contract. C. SELLER RIGHTS AND DUTIES: Seller Is required to disclose to you material facts known to him/her that affect the value or desirability of the Property. However, Seller may not be aware of some Property defects or conditions. Seller does not have an obligation to inspect the Property for your benefit nor is Seiler obligated to repair, correct or otherwise cure known defects that are disclosed to you or previously unknown defects that are discovered by you or your inspectors during escrow. The purchase agreement obligates Seller to make the Property available to you for investigations. D. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as soil stability, geologic or environmental conditions, hazardous or illegal controlled substances, structural conditions of the foundation or other Improvements, or the condition of the roof, plumbing, heating, air conditioning, electrical, sewer, septic, waste disposal, or other system. The only way to accurately determine the condition of the Property is through an inspection by an appropriate professional selected by you. If Broker gives you referrals to such professionals, Broker does not guarantee their.performance. You may select any professional of your choosing. In sales involving residential dwellings with no more than four units, Brokers have a duty to make a diligent visual Inspection of the accessible areas of the Property and to disclose the results of that Inspection. However, as some Property defects or conditions may not be discoverable from a visual inspection, it is possible Brokers are not aware of them. If you have entered into a written agreement with a Broker, the specific terms of that agreement will determine the nature and extent of that Broker's duty to you. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. E. YOU ARE ADVISED TO CONDUCT MMESWATIONS OF THE ENTIRE PROPERTY, INCt UDNIQ, BUT NOT LIMITED TO THE FOLLOWING: 1. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof, plumbing, heating, air conditioning, electrical, mechanical, security, pool/spa, other structural and non-structural systems and components, fixtures, built-in appliances, any personal property Included in the sale, and energy efficiency of the Property. (Structural engineers are best suited to determine possible design or construction defects, and whether imp are structurally sound.) 2. SQUARE FOOTAGE, AGE, BOUNDARIES: Square footage, room dimensions, lot size, age of improvements and boundaries. Any numerical statements regarding these Items are APPROXIMATIONS ONLY and have not been verified by Seller and cannot be verified by Brokers. Fences, hedges, walls, retaining walls and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. (Professionals such as appraisers, architects, surveyors and civil engineers are best suited to determine square footage, dimensions and boundaries of the Property.) 3. WOOD DESTROYING PESTS: Presence of, or conditions likely to lead to the presence of wood destroying pests and organisms and other infestation or infection. Inspection reports covering these items can be separated Into two sections: Section 1 identifies areas where infestation or infection Is evident. Section 2 identifies areas where there are conditions likely to lead to infestation or infection. A registered structural pest control company Is best suited to perform these inspections. 4. SOIL STABILITY: Existence of fill or compacted soil, expansive or contracting soil, susceptibility to slippage, settling or movement, and the adequacy of drainage. (Geotechnical engineers are best suited to determine such conditions, causes and remedies.) The oopyrigdl< laws of the United Slates (TM* 17 U.S. Code) forbid the unauthorized reproWdlon of this tam, or any portion thersd, by Owwcopy machka or any ottrer mesas, kwkxlkV faoWmb or oornryutrdzed {its. Buyer's initials CWydght Qf1991 2DW,RESEC EDALIFORNIA ASSOCIATION OF REALTORSO, Seller's initials9C. ALL ( t IRA REVISED 10102 (PAGE 1 OF 2) R®� by mate„ aysrwnr BUYER'S COPY Date: -5a - 0,-r— ,� - 5. ROOF: Present Condition, age, leaks, and remaining useful life. (Roofing contractors are best suited to determine these conditions.) 6. POOL/SPA: Cracks, leaks or operational problems. (Pool cOntractor's are best suited to determine these conditions.) 7. WASTE DISPOSAL: Type, size, adequacy, capacity and condition of sewer and septic systems and components, connection to sewer, and applicable fees. S. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS: Water and utility availability, use restrictions and costs. Water quality, adequacy, condition, and performance of well systems and components. 9. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including, but not limited to, asbestos, lead -based paint and other lead contamination, radon, methane, other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, materials, products, or conditions (including mold (airborne, toxic or otherwise), fungus or similar contaminants). (For more in formation on these items, you may consult an appropriate professional or read the booklets "Environmental Hazards: A Guide for Homeowners, Buyers, Landlords and Tenants " "Protect Your Family From Lead in Your Home" or both.) 10. EARTHQUAKES AND FLOODING: Susceptibility of the Property to earthquake/seismic hazards and propensity of the Property to flood. (A Geologist or Geotechnicai Engineer Is best suited to provide Information on these conditions.) 11. FIRE, HAZARD AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary. The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property and Buyer, may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this information may affect other decisions, including the removal of loan and inspection contingencies. (An insurance agent is best suited to provide Information on these conditions.) 12. BUILDING PERMITS, ZONING AND GOVERNMENTAL REQUIREMENTS: Permits, inspections, certificates, zoning, other governmental limitations, restrictions, and requirements affecting the current or future use of the Property, its development or size. (Such information is available from appropriate governmental agencies and private information providers. Brokers are not qualified to review or interpret any such information.) 13. RENTAL PROPERTY RESTRICTIONS: Some cities and counties impose restrictions that limit the, amount of rent that can be charged, the maximum number of occupants; and the right of a landlord to terminate a tenancy. Deadbolt or other locks and security systems for doors and windows, including window bars, should be examined to determine whether they satisfy legal requirements. (Government agencies can provide information about these restrictions and other requirements.) 14. SECURITY AND SAFETY: State and local Law may require the installation of barriers, access alarms, self -latching mechanisms and/or other measures to decrease the risk to children and other persons of existing swimming pools and hot tubs, as well as various fire safety and other measures concerning other features of the Property. Compliance requirements differ from city to city and county to county. Unless specifically agreed, the Property may not be in compliance with these requirements. (Local government agencies can provide information about these restrictions and other requirements.) 15. NEIGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders, fire protection, other government services, availability, adequacy and cost of any speed -wired, wireless Internet connections or other telecommunications or other technology services and installations, proximity to commercial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, hazards, or circumstances, protected species, wetland properties, botanical diseases, historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of sianificannA to rart.Qi►, nidtimm onrilew ralini- .end Buyer and Seller acknowledge and agree that Broker: (1) Does not decide what price Buyer should pay or Seller should accept; (11) Does not guarantee the condition of the Property; (Ili) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provided or made by Seller or others; Qv) Does not have an obligation to conduct an inspection of common areas or areas off the site of the Property; (v) Shall not be responsible for identifying defects on the Property, in common areas, or offsite unless such defects are visually observable by an inspection of reasonably accessible areas of the Property or are known to Broker; (vl) Shall not be responsible for inspecting public records or permits concerning the title or use of Property; (vii) Shall not be responsible for identifying the location of boundary lines or other items affecting title; (vill) Shall not be responsible for verifying square footage, representations of others or information contained in Investigation reports, Multiple Listing Service, advertisements, flyers or other promotional material; (ix) Shall not be responsible for providing legal or tax advice regarding any aspect of a transaction entered Into by Buyer or Seiler, and (x) Shall not be responsible for providing other advice or information that exceeds the knowledge, education and experience required to perform real estate licensed activity. Buyer and Seller agree to seek legal, tax, Insurance, title and other desired assistance from appropriate professionals. tsy signing Deiow Buyer and Seller each acknowledge that they thle,A0,visory. Byer is encouraged to read It carefuny. , re have read, undentbnd* accept and have received a Copy of LPJti1v�!'/�L Buyer re t_ 1:F (3 Vto Date Seller Signature Date THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIAnON OF REALTORSO (C.A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form Is available for use by the entire real estate industry. It is not Intended to Identify the user as a REALTORS. REALTORS is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to Its Code of Ethics. qNSV*MAfM0rW=W REAL EST and WeYESS byi�AL ESTATE 5'EtIfACE& NYC.a offtCa rrkAworalliwofR15A0VW 525 South Wo Avenue, Los A *ft (iYNwYa 90020 1 Reviewed by Date eaoalloupw orroetcasrr BIA REVISED 1M2 (PAGE 2 OF 2) BUYER'S COPY DEC-01-05 11:53 AM wv7lmtmlL�� P^ 10 2 I CAL IF Qjk N I A ASROCIATION Or RISALTOOLN"' aft to COUNTER OFFER No. -% For m by swfw or Buyer. " be uw for am + (C.A.R. Form co, ftW vhor coulftr r. at - Mmw%--h-A KSSM$ftW PurC11086 A - On PVMly known as or T. ; The Nnhg gjV eondNiofna of tM above too- document We lm*d SAW to mw by 08 1081111041. WA are not ln*nW by alt p speam"my r*krwmd fir B. un 111104111 ph� IC of this or an*dw CouMw I If" other*lps "road In wNft " I Affer. OW Men on"*) wm be a" it J*64--XY�rM— eR A4 Av jx,-WFA7� D.. ;The *UPPW 1110111 are lf'0apor4W In this Counter Offer [] AddwidumNo. . My time 0"04; saw No IN dot to continue 0 oft the ftp" for of or for 0 10 no"o"" a' MMOWW- 4`8 dillftsd In WWaO 3. If lilt Is a sow Cooing. cant c(nugkm*m Of this COuntir OlW, Od r9woke Oft CoOtAmilir 0wr so ONW*WW be dmW Wicked tad the d I 1eq 1011 urm or r V. IN any, Shd be WIWr it 12 sent and a COPY Of dw Signed Coun I Personally recal'ved by Ow to It, byA".P.%,�W On MW my After Vft Counter Otter is made at or, (11 dw*od) t ter Otfknr rmy be executed in mmtm. MAI WNW ONVE sow a mmft a CO. till IN am" 64"1" 16 CG~ Offer. Acceptance of fts Comlw Offer by Buyer al" r by 8" In psm~ Now end 8 CM Of the Counter Offer Slgrisd In pategato 7 is of TI`"00UV=0FFM0NTHE =,AW AWACOM Dole r Date irevvIIamber 30,sacs ft above, Counter Offer (If checkedC] SUSJWT, TO TM ATTACHO C Q*Y. A ko In signs In I 0510 II I V Of AM1111111140: A Copy of SOW Acceptance was Int Gordon 4 ouuxftw " PWSWA* a *90111101111 In paragraph 3 (or. If this ice mu" parall"" 11) on (date)soassamalkar If=Of RIM&&.1 9 logo at of 1--= Deptaws is Pwftm* #Vfttnd by Via nwkgr at Me Cv~ 01w :101WIP lion Is oftr� ow &a" Is sultvadisd agent) wheaw or not colvMwilt in I I** his requintId In ~ to 000116 11 binding i solely 11 1�aE We for we 111V dw onom real saw Is nal hhr4ed Ip kkn* ft um as a r&4TOM WATOMO I d Q* by mv, 0 01 UN NATKNIAL-=-Al TION OF FAALTORM wft ftd *Oft 10 ft Code of Elik *. "ImmIBM ffy THE CAUram" Aft-MIATION OF RMTORSO MARX NO �ATiON IS AW IN ANY SP§CWIC TRIVIII1114TION. A REAL ESTATE SWUM TM PKRKW IF YOU LE13AL OR TAX ADM. COPMXT AN APMOPRIATS offt PROPKIS*ML. I Own (TIN 17 U.S. 00de) bft ft WwAhwm ,or mimuk"m of ft *ft. or any 0orw #160001. 1 lorr"all- CIa"04111 0 1 UHM. CAUPPOPINA ASSOLUTION Or FWALTORSO. INC. ALL NOtf -Published by CmlHbmI8 A800dallon of RMTORSO [ftvw"w by I OF 1) -niarmlewwwwTvais Fax: 21 Meters PA. "m si 7—k.A o%,& %&—. m (091040wx. kom ftfinal wrtion 8:8 in #4 SaMar'a 2000mr,60 of a! 11 counwofw 81t making this sr(0) on term that and mndl ft: Is My Mookled Iwo ... -- r ;by suth , 0 of ra a, ow -we *—Owid" 00 ES 1m--- ACOM ILIUM O"Em) and scorn, w". . 'm Time —M � Time, A40 PM Nor. mly 9 Paragraph 4 Is d*q4d4 we 4: by Is I mailer of ver or likows A bkWI6# on's a is the dab that. r DK All TO.D* Ljr "V W TO ADVISE W40N ffe"ime or any 40w*viaw SUPPORTING DOCUMENTS U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT __- _ B. TYPE OF LOAN OMB No. 2502-0265 - SETTLEMENT STATEMENT 1. FHA 2. n FMHA 3. I -I CONV. UNINS. .awyers Title Company 4_ n VA 5, n CONV. INS. 115 Wilshire Boulevard - 6. ESCROW FILE NUMBER: 7. LOAN NUMBER .os Angeles, 094c0525-904 LB9 _-____ .os Angeles, CA 90017 - INAL 8. MORTGAGE INSURANCE CASE NUMBER: ..NOTE: This form is famished to give you a statement of actual settlement costs. Amounts paid to and by the settlerralnt agent are shown. items marked (P. 0. C.)" were paid outside the closing; they are shown here for informstbnai purposes and are not included in the totals. -- ------------------------ - NAME �• Of BORROWER: City of Vernon ADDRESS OF BORROWER: 1. NAME OF SELLER: ADDRESS OF SELLER: NAME OF LENDER: ADDRESS OF LENDER: 4305 Santa Fe Ave. Vernon CA 90058 Ricardo Cerda 2915 E. 60th Place Unit S Huntington Park CA i. PROPERTY LOCATION: 2915 East 60th Place Unit S - Huntington Park, CA 90255 Los Angeles 6310-023-064 1-11 1. Lawyers Title Company PLACE OF SETTLEMENT: 915 Wilshire Boulevard Suite 2100, Los Angeles CA 90017 SETTLEMENT DATE- 01/1MIMI _ _ PRORATION DATE: 01/' I. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY( 01. Contract Sales Price _ 03. Settlement charges to Borrower (lii 20. Gross Amount Due from borrower: !05. City of Vernon Deposit ! 11. County Taxes 01 /01 /06 - 01 /13/06 12. Assessments 01/13/06 - 02/01/06 20. Total Paid By/For -Borrower 101. Gross amount due from Borrower 102. Less amount paid by/for Borrower 103. Cash FROM/TO Borrower. 351 1 FUNDING DATE: .ER'S TRANSACTION 00 ; 401. Contract Sales Price 5� 420. Gross Amount Due to Seller 10,500.00 504. Payoff of first mortgage ban ` -. - 341,951.56 ! 505. Payoff of second mortgage loan -- -- ` --- -- ---- 45.99511. County Taxes 10.00 512. Assessments - --- ---- 352,507.55 520. Total Reductions in Amount Due Seller -- -- r z 20) - 352,507.55 601. Gross amount due to Seller "(line 420) 1220) 352,507.55 502. Less reductions in amount due Seller (line 52 i-- _ i 0.00 603. Cash -TO/FROM Seiler__- - - -- 0.00 ludo-Letter.rpt (12/17/2003) Printed by Lori Buel on 01/30/2006 at 03:12:13 PM :SCROW FILE NUMBER: 09400525-904 LB9 OMB No. 2502-0285 L. SETTLEMENT CHARGES: FOe: Tote# SaisstBrokees Commission: 700. Total Sales/Broker's Commission: ----- ----- --- -- -- __----- ---- --- —----------_- _--- --- - --- ------ Based on Pnce $ —----------- _ Paid from _ Paid from --------------------- --------------------------- Division of Commission (line 700) follows: Borrowers _— Funds at Seller's Funds at - 701. $ ---- - _ - _ -- -- ------ -- — — -- Settlement Settlement 702. $ — — --- - - -- --------- — 703. Commission paid at settlement -- ------ 704. SOIL None Payaaa in Connoatlon Vft L"t - - — - - — Of Items Roquinrd ft Lender To iii 6 OWd OW A*Oinw. 904. 008- ftWvft 001001111had tLondon.:,- — -- 1002. Mortgage Insurance 1008. Aggregate Adjustment months dM$ 01. Survey to 1303. FUNDS held for final audit to extent not used - 1306. Taxes ----- _-- 1307. "See attached for breakdown 850.00 1400. Total Settlement Charges (Enter on line 103,Section J -and line 502, Section K) I 1,507.55 i ude-Letter. rpt (12/17/2003) Printed by Lori Buel on 01/30/2006 at 03:12:13 PM :SCROW FILE NUMBER: 09400525-904 LB9 OMB No. 2502-0265 Attachments: rive 1-1-10yerPk#LC J U,KrjUFUG7WF4 up, -"TUa G"AWIMES -- -- — -- — - Buyer Seller Description __ -- _--..---------- - ------ Amount --------- - Amount 4. Inspection fee to Lawyers Title Company 50.00' Total as shown on HUD Page 2 Line #1113. 50.00 1208. Quitclaim Deed to Lawyers Title Total as shown on -------Buyer------------Seller --- --- Amount Amount 34.00 A Line ;¢i�ui.-- 34.00 i udc-Letter. rpt (12/17/2003) Printed by Lori Buel on 01/30/2006 at 03:12:13 PM Read Message Page 1 of 1 Read Message Previous Next Move To Select One From: Buel, Lori <Ibue1OLANDAM.com> To: jfurnish@lakestreetassoc.com Cc: Date: Monday, January 30, 2006 06:12 pm Subject: File Number 09400525 final hud for huntington park condo [ add to contacts WE HAVE MOVED/ Effecfte .Tanirary 17, 201006 our new address is: LandAmerica Commercial Services 91.E Wilshire Blvd., Suite 2100, Los Angeles, CA 9W17, Toll Free: 800-432-070i , Direct Dial: 213-330-3029, Fax: 213-330-3097. NEW LOCATION.. SAME GREAT SERVICE! Lori Buel, Sr. Commercial Escrow Officer email: Ibuel@landam.com Your Solution for Rea/ Estate Transaction Management Title and Escrow (Commonwealth, Lawyers Title, Transnation) • Engineering & Environmental Assessment • Valuation • Survey • Zoning Tax Services • Flood Certificates • UCC Insurance + 1031 Exchanges • International ❑ Text version of this message. (670B) ATTACHMENT1.doc (97KB) _ Previous I Next http://mail.lakestreetassoc.comlcgi-bin/inbox.exe?id=00fbacf698ca4c746e6dd46eef307d6c... 1 /31 /2006 01/19/2006 11:06 6267954175 �R=WfNG REQUESTED By DDRLINcee WINK RkCORMATDONINT AMID TAX 1TATRNifdTS TO CRY of vemon 4305 Santa Fe Avis Vernon CA 4no5.9 APN $310-023-064 Escrow No 09400528.904•09 LAWYERS TITLE O1/13/06 2354 06 009 Space aboveone for Remroer's use GRANT DEED :'HE UNDERSIGNED GRANTOR($) DECLARES) a DOCUMENTARY TRANSFER TAX tS uornputed an full vitae Of property cpnyRyW , AND FOR A VALUAst.R C04113DINNATION, receipt of which Is hereby m knowledged, Ricardo Ceroe, a mamea man as his sole and separate property hereby GRANT(S) to GtV of Vernon PAGE 02/04 the following desc,nUmd real property Ifl the City W 5 Huntington Park County of Lot Angeles, Stale of California Son lxhlbtt A miltIcbed 1114feto and made a pert hereof. Commonly known as 2915 East 60th Plana Une S, Huntington Park, GA ga255 Dated PUC16 lfocerd-�� STATE C F CIIt_IMMA COUNTY or on O I v Z • o , t� me AI D �ea DfflORY Wpred ' 1. a Notary Public, Dwmnally known to mo (or prpv d to mm on uIN trrsrt or saom=ry evrolince) to bs subscribed to the wrtMn rnsuvnm.nt erns m*nowledpod to me that n p�on(s) se neme(s) Ware cepietAles). and that by hls/h� If s naturv(s) on the mstrurrle�t thoR personAhcy o � Me Wi%adne � h-6/IlerNrer suthonam Nut uxi(s) dcM, a mulat! N ripm behalf of which the WITNESS my hand an c4.d 3iq„�� c�mfrllElu� f ti7Ere a�rtr Nsoilr . ► Ira MAIL TAX STATFMENTC A nTrssr-rer► Alf SM nL • --- DMCdpdon: Lost Angelus, CA 000Ument-Y9ar DOOM 2006.32314 Page: 1 of 3 Order JL-01-19-.900610.39-" AM COMMOnt.• 3800 01/19/2006 11:06 6267954175 LAWYERS TITLE • 01/13/06 I- M� r CZRT=axC&T)1 STATE OF CALIFORNTA ) ) so COUNTY OF Lob Ar4( MUS ) I, Bruce V Malkernhorst, •Tr , Acting Czty Clerk of the ri.ty of Vernon, County of Los Angeles, State of California, hereby Gertz. fy that the attached is a full and r-cwp1 At:R copy of Resolution No 8944 - A ReBOlution of the City Couacal of the City Of Vernon Approving and Ratifying the Execution of a Rem dwntiAl Purchase Agreement and Joint Bacrow TnStrur_tsono and Counter Offer for Purchase of Reetl estate BY and Aetween the Czty of Version and Ricardo Cerda for Property Located at 2915 E 60°h Place Unit S in Huntington Park, Calzfornia IN wITNRSa NHEREoF, I have hereunto set my hand and affixed the official Seal of the city of Vernon, County of Lea Angeles, scats of California, on this 5`' day of Jatnuary 2006 SEAL Bruce v Malkenhorst, Jr Art• i ng r2 ty Clark J 00 0092354 Desolpfon: Los Angel®s, CA uocument Year:Doc/0 20D6 92354 Page: 2 of 3 Dot: JL-01-19-20a6 10-39-44 AN uw"nt 3M PAGE 03/04 01/19/2006 11:06 6267954175 LAWYERS TITLE PAGE 04/04 01/13/06 pihibit A All that certain r:al prOPerty situated in thin County of Los Angeles, State of GI►forniir, described as follows Lot 22 of Tract No recorded n 50vk 1042, 2P899(S3 to iindusivof Mapon the fF oof ffice � punt Shb>! of CaliFomra, as per map Y Rwmrder of sxrti County Except therefrom all oil, oil rights, natural yam;, riaxural gat rights and other h and a; other minerals and mineral rights y*a�ns by whatsoever name known, provided that metlGrantor shall not have tether or not similar to those herein mentioned, below a depth of 500 feet through or under the land not v y right of nuftee entry to dreg, mine, explore ur- otherwise operate upon, In, edltn A Smith, in deed recorded Au��reis, 19 3 as Instrument No 83. 58in the exercm nf the herein 08* b teid tl,� M au rights m as reserved by recorded .tune 17, 1983, as Instrument No 83-68?14]9 Y are, in do* Instrument No 83-62®Z40, by Manuel be Leon and Mena An Leon, E nan in deed recorded June 6, 1983, ax recorded August 8, 1963 ae inotrumerrt No i33.9SOi06 Roberto Garcia and Yolanda Garcia, in deed Efrain Antonio Arrellana, i+Ir by Efrain Arellano and Elva AraNano, husband end wife and FranCisw Fonseca and Single man, in deed rereecardaid corded September 13, 1983, as Instrument No 83.1070195, by H Olson, in dead recorded August 233,, 1983e s Instrument No 83-997 8, by Ronald 1. Vasquez and as In3vurnent No Constance Mae Vasquez, Verla eotlan and Lorn me ktkin, in deed recorded duly 7, 1983. as instrument Nn 89.769571) and 63- 769350 and by Noel Valentin demal and Graaels Bernal, in deed recorded September 26, 1983, as instrument No 83401450, ell of Official Records 00 0092354 0040"Pbbn: Goa Angelea, CA Document -year DOCID 2000 92354 Page: 3 0f 3 Order. JL-01-19-2008 f0.39-44 AM Cvrnment,• 3daq Confirmation Report— Memory Send Page : 001 Date ! Time: 01-19-06 12:17pm Line 1 : 0000000000 Machine ID 00000000000000 Job number 480 Date 01-19 12:16pm To 813238261439 Number of pages 004 Start time 01-19 12:16pm End time 01-19 12:17pm Pages sent 004 Status OK Job number : 480 *** SEND SUCCESSFUL *** •••• �. �i aerae �.1 : tlr. 6267964178 • 1_AWY6;Ri TITLE now rruar Rc Tbe�ar L:a n+ciA,r e r icy Laavvyeers Titka Myou do soe rswiva wu Awe". vlwat mall coam ,t04-a70o mCr. moo P'AGK e3 / 04 01/19/2006 11:06 6267954175 LAWYERS TITLE PAGE 01/04 oe40( t Ta Fu; From: JOEL LLOFtlCO retie. � Ra Pam: O Uaft ❑PIS Rq*V 0 PkM Rocyde 0 a a LvdAmaica Laa7M TWO 251 S. LAKE AVE e PWOR PABAD09A, CA Pout (626) 795.4175 LandA erica Lawyers Title if you do not receive all pasts, place call (626) 304.2700 EXT. 380 • • • • • 1f":I r r rl I� Irr 1 .. Ir Lawyers Title Company 655 N. Central Avenue Lawyers Title Suite 220 Glendale, CA 91203 Phone No. 818 552-7244 Fax No. 818 552-7235 Lori Buel, Commercial Escrow Officer Direct Phone: (818) 552-7244 . Fax Number: (818) 552-7235 e-mail: Ibuel@landam.com THIS DOCUMENT WILL AFFECT YOUR LEGAL RIGHTS — READ IT CAREFUL SUPPLEMENTAL ESCROW INSTRUCTIONS & GENERAL PROVISIO Date:12/02/2005 Escrow No.:09400525-904-LB9 THE ESCROW HOLDER IS LAWYERS TITLE COMPANY, WHICH IS LICENSED BY T CALIFORNIA DEPARTMENT OF INSURANCE' Buyer has handed Escrow Holder an initial deposit in the amount of: $ 10,500.00 Prior to the close of escrow, Buyer will deposit an additional amount of $ 340,500.00 TOTAL CONSIDERATION $ 351,000.00 Prior to the expiration of the time specified in this paragraph, Buyer(s) and/or Seller(s) will hand you, or cause to be handed to you, all funds and/or documents, required from Buyer(s) and/or Seller(s) to enable you to comply with these instructions, all of which you are authorized to use and/or deliver on 12/30/2005, provided that our title insurer, Lawyers Title Company, has advised you that they are in a position to issue an Owners Policy of Title Insurance in the issuing title company's usual form (as specified in paragraph 12 of the Residential Purchase Agreement and Joint Escrow Instructions), with a liability of not less than the total consideration of $351.000.00, and insuring title to Real Property described as: See Exhibit A attached hereto and made a part hereof. APN# 6310-023-064 Commonly Known As: (Escrow Holder shall not be concerned or liable for the verification of said address) 2915 East 60th Place Unit S, Huntington Park, CA 90255 For purposes of this transaction the BUYER(S) is: City of Vernon Buyer(s) complete vesting is to be provided to Escrow Holder For purposes of this transaction the SELLER(S) is: Ricardo Cerda Free from Encumbrances EXCEPT: 1. Covenants, conditions, restrictions, reservations, rights, rights of way, easements and the exception or reservation of water, oil, gas, minerals, carbons, hydrocarbons or kindred substances on or under said land, now of record, if any, or in the Deed to file. ADDITIONAL INSTRUCTIONS 1. REAL ESTATE PURCHASE CONTRACT: Escrow Holder has received and acknowledged the California Association of Realtors "Residential Purchase Agreement and Joint Escrow Instructions" dated November 30, 2005 and shall act in accordance with Paragraph #28 "JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER". PLEASE INITIAL ID BUYER(S): SELLERS) /, PAGE 1 Escrow No.: 09400525-904-LB9 Paragraph #25D, as shown in said Purchase Contract, shall not be of any concern nor liability to escrow holder, with the exception of the following: The purchase is subject to Vernon City Council approval; In addition to the original Purchase Contract, escrow holder has received one (1) counter offer(s). Escrow Holder shall only be concerned with the following items, which are items not covered by Paragraph 28 as stated in #1 above: 1C1 - purchase price to be $351,000.00; 1C1.1 - buyer's broker shall receive no commission 2. HOME WARRANTY PROGRAM. Buyer to be furnished with a one year home protection plan, plus coverage for (to be determined) issued by Seller's choice of Home Warranty Company to be paid for by Seller in an amount not to exceed $500.00. Escrow Holder's sole duty and/or responsibility In connection with said policy shall be to collect payment for same as set forth herein and to forward the application and payment for premium as indicated to the agency named and/or selected, at the closing of this escrow. 3. HOMEOWNERS ASSOCIATION (PLANNED UNIT DEVELOPMENT): It is understood that subject property is a unit in a condominium, planned development, or other common interest subdivision. The current regular Homeowners' Association (HOA) dues/assessments are approximately $185.00 per month. Escrow Holder shall order, for benefit of and delivery to Buyer(s), available documentation, as provided by the Homeowners Association, and a statement setting forth the dollar amount of the monthly association dues, dates they are due, and any outstanding balances owing which shall be paid at the close of escrow from Seller's account. Escrow Holder shall rely on the document package supplied by Seller and/or the Homeowners Association Management Company as complete and shall have no liability and/or responsibility in verifying or determining what documentation should be provided to Buyer. In the event Buyer desires specific documentation, not provided through this escrow, the Buyer should contact the Homeowners Association/Management Company directly. 4. COSTS AND CHARGES., Escrow, Title and Recording costs are to be charged to the principals account, as you deem customary in this County, unless you are instructed to do otherwise in writing. Additionally, Escrow Holder shall charge Sellers account for any costs associated with the Assurances of Title, Beneficiary Statement(s) and/or Demand(s) together with any amounts necessary to place title in condition called for, unless specifically instructed to do otherwise in writing. LAWYERS TITLE COMPANY may be required to advance funds into this escrow, in order to expedite the processing of this transaction. All funds advanced shall be reimbursed to LAWYERS TITLE COMPANY at the closing of this escrow or upon the cancellation of this escrow, from the appropriate party(ies). S. CLOSE OF ESCROW: For the purposes of closing this escrow, all parties acknowledge that "close of escrow" shall be the date on which the Deed conveying title (along with any financing documents) is recorded. 6. LEGAL DESCRZPITION APPROVAL: The Legal Description (with Assessor's Parcel Numbers "APN") of the subject property will be provided by the Insuring title company, "LAWYERS TITLE COMPANY", and approved by Buyer pursuant to Buyer's approval of the Preliminary Report and approved by Seller pursuant to Seller's execution of the Grant Deed in favor of Buyer. Escrow holder is authorized and instructed to correct and/or add buyer's vesting to said Grant Deed over seller's signature, with no further instructions required or any liability for so doing. 7. CANCELLATION., Escrow Holder shall make no determination as to default, or failure to perform by parties hereto and both Buyer and Seller acknowledge that in the event of cancellation Escrow Holder must be in receipt of mutually signed instructions to release funds. GENERAL PROVISIONS (Revised 2/4/04) IMPORTANT - PLEASE READ CAREFULLY 1. Privacy Notice (15 U.S.C. 6801 and 16 CFR Part 313) We collect nonpublic personal information about you from information you provide on forms and documents and from other people such as your lender, real estate agent, attorney, title company, etc. We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. PLEASE INITIAL IDBUYER(S):_/ SELLER(S) / PAGE 2 Escrow No.: 09400525-904-LB9 2. Execution & Delivery of Escrow Instructions These instructions may be executed in counterparts and said counterparts together will constitute one and the same instrument. In the event that the parties hereto utilize facsimile or electronically transmitted instructions to Escrow Holder, said parties hereby instruct Escrow Holder to rely upon such instructions as if they were originals. Any amendments and supplements to these instructions must be in writing and shall only be effective when executed and delivered to Escrow Holder. Escrow Holder shall not be concerned with nor have any obligations with respect to items designated as memoranda in these Instructions or with any other agreement or contract between the parties to this escrow. 3. Deposit of Funds (i) All funds received In this escrow will be deposited with other escrow funds in one or more non -interest -bearing escrow accounts of Escrow Holder in a financial institution selected by Escrow Holder. Escrow Holder shall not be responsible and shall have no liability for any delay in closing this escrow if the funds deposited in this escrow are not available for Immediate withdrawal as a matter of right following deposit In such financial institution. (ii) You have the opportunity to earn Interest on the funds you deposit with us through a deposit account arrangement that Escrow Holder has established with one of its financial institutions. The interest rate for these accounts varies between financial institutions, fluctuates periodically based on market conditions and other factors, and may change prior to or during the time your funds are on deposit. You will not have an opportunity to earn interest on any funds deposited by a lender. (III) If you elect to earn interest through this special account arrangement, Escrow Holder will charge you an additional fee of $35.00 for the establishment and maintenance of the account. This fee compensates Escrow Holder for the costs associated with opening and managing the Interest -bearing account, preparing correspondence/documentation, transferring funds, maintaining appropriate records for audit/reconciliation purposes and filing any required tax withholding statements. It is important that you consider this cost in your decision since the cost may exceed the interest you earn. If you are interested in having your funds deposited in an interest -bearing account, please contact your escrow officer. (iv) If you do not elect to have your funds deposited in an interest -bearing account, your funds (together with any funds deposited by a lender) will be held in Escrow Holder's general escrow trust account. The general escrow trust account is restricted and protected against claims by third parties or creditors of Escrow Holder. Escrow Holder and/or its parent company may receive certain direct and indirect financial benefits from the financial institution as a result of maintaining the general escrow trust account. These benefits may include, without limitation, credits allowed by such financial institution on loans to Escrow Holder and/or its parent company and earnings on investments made with the proceeds of such loans, as well as accounting, reporting and other services and products of such financial institution. Escrow Holder shall have no obligation to account to the parties to this escrow in any manner for the value of, or to pay to any party, any benefit received by Escrow Holder and/or its parent company. Any such benefits shall be deemed additional compensation of Escrow Holder for its services in connection with this escrow. Some or all of these benefits may be deemed Interest due you under California Insurance Code Section 12413.5. As indicated above, you may elect to have your funds placed in a separate, interest -bearing account and receive the benefits therefrom, but you will be required to pay Escrow Holder an additional fee for this service. Alternatively, you may leave your funds in the general escrow trust account and thereby authorize Escrow Holder to keep the benefits it and/or its parent company receives from the financial institution. In either event, you understand and agree that Escrow Holder and/or its parent company may receive and retain for their sole benefit any and all benefits derived from the general escrow trust account prior to the deposit of your funds in an Interest -bearing account and following the withdrawal of your funds from such interest - bearing account (normally two business days prior to the close of escrow). (v) All parties depositing funds in connection with this escrow are hereby notified that the funds so deposited are insured only to the limit provided by the Federal Deposit Insurance Corporation. (vi) Funds deposited by a lender are ordinarily deposited to escrow one or two days prior to closing. You should be aware that your lender may begin charging interest on your loan from the date loan funds are deposited into Escrow Holder's escrow trust account. 4. Good Funds Law — California Insurance Code §12413.1 All parties are aware and understand that California Insurance Code §12413.1 mandates that funds deposited into an escrow must be collected and available for withdrawal PRIOR TO DISBURSEMENT. The determination of the availability of funds is set forth as follows: (1) CASH AND ELECTRONIC TRANSFERS ("wired funds") are available for SAME DAY disbursement. (11) CASHIER'S CHECKS AND CERTIFIED CHECKS are available for disbursement THE NEXT BUSINESS DAY; In order to avoid unnecessary delays of two to seven days, or more, please use wire transfers, cashier's checks or certified checks whenever possible. S. License of Escrow Holder Escrow Holder is licensed by the California Department of Insurance to act as an underwritten title company, or if Escrow Holder's name includes the word "Insurance', Escrow Holder has a Certificate of Authority issued by the California Department of Insurance to transact the business of title insurance. 6. Prorations All adjustments and prorations called for in this escrow shall be made on the basis of a thirty (30) day month, unless otherwise instructed in writing. 7. Sufficiency, Validity, Authority, etc. of Documents Escrow Holder shall not be responsible or have any liability with respect to the sufficiency or correctness as to form, manner of execution, or validity of any document deposited in this escrow, nor as to the identity, authority or rights of any person executing the same. Escrow Holder's duties hereunder shall be limited to the proper handling and PLEASE INITIAL ®BUYER(S):-'I'—/ SELLER(S) / PAGE 3 Escrow No.: 09400525-904-11.139 disbursement of funds deposited in this escrow and the proper safekeeping and delivery of such documents received by Escrow Holder, in accordance with the written instructions given to Escrow Holder in this escrow in which all parties have concurred. S. Conveyance and Vesting Escrow Holder is instructed to draw a Grant Deed, using any standard form, conveying title from Seller to Buyer, with Buyer's legal vesting. Buyer acknowledges that Escrow Holder cannot give advice as to vesting, and understands that the vesting designated may have significant legal and tax consequences. Buyer is advised to seek the advice of Buyer's own attorney and accountant with regard to vesting. Buyer shall furnish Escrow Holder with Buyer's vesting prior to the date of preparation of Buyer's loan documents or close of escrow (if Buyer Is not obtaining financing). Escrow Holder is hereby authorized and instructed to complete and/or correct Buyer's vesting on the Grant Deed, even if it has already been executed and notarized. If Buyer is married and taking title alone, (1) Buyer shall furnish Escrow Holder with the name of Buyer's spouse, (2) Escrow Holder is authorized and instructed to prepare an Interspousal Transfer or Quitclaim Deed for Buyer's spouse's signature and (3) Escrow Holder is to record same at close of escrow, charging Buyer's account for the preparation and recording fees associated with this deed. 9. Copies of Escrow Instructions Escrow Holder is authorized to furnish copies of these instructions, any supplements and/or amendments thereto, notices of cancellation and closing statements to any real estate brokers or agents representing any party to this escrow and to any lender whose loan will be paid through this escrow or will be used to fund this escrow. 10. Cancellation In the event this escrow Is canceled, the parties hereto agree to pay Escrow Holder its cancellation fee for work performed, and to pay all expenses incurred by Escrow Holder. If a demand to cancel this escrow is submitted to Escrow Holder or if there is no written communication from the parties for a period of six months, Escrow Holder shall 'notify the parties of its intention to cancel this escrow and return all documents and funds (less cancellation fees and costs) to the party depositing the same. If no written objection to such notice Is given to Escrow Holder within fifteen (15) days of mailing such notice, Escrow Holder shall cancel this escrow and return all funds and/or documents then held by Escrow Holder to the party depositing the same. 11. Disputes No notice, demand or change of Instruction shall be of any effect in this escrow unless given in writing by all parties affected thereby. In the event a demand for funds and/or documents deposited with Escrow Holder in connection with this escrow is made and which is not concurred in by all parties hereto, Escrow Holder, notwithstanding which party made such demand, may elect to do any of the following: (i) Take no further action in connection with this escrow and continue to hold such funds and/or documents until receipt of mutual concurring instructions from all parties to this escrow as to the disposition of such funds and/or documents; (ii) Commence an action in interpleader and obtain an order from the court allowing Escrow Holder to deposit such funds and/or documents with the court, in which case Escrow Holder shall have no further liability or obligations with respect to this escrow; or (III) In the event that any party commences an action against any other party with respect to this escrow, deposit such funds and/or documents with the court, In which case Escrow Holder shall have no further liability or obligations with respect to this escrow. In the event Escrow Holder Interpleads any funds and/or documents with any court pursuant to either subparagraphs (ii) or (III) above, Escrow Holder shall be entitled to reimbursement of its reasonable attorneys' fees and expenses of litigation in connection with such action. 12. Arbitration In the event of a claim or controversy between Escrow Holder and any party hereto involving an amount greater than $5,000.00 and arising out of this escrow, either Escrow Holder or such other party may demand arbitration pursuant to the Rules of the American Arbitration Association. The decision of the arbitrator shall be binding on all parties and judgment upon the award of the arbitrator may be entered In any court having jurisdiction thereof. 13. No Duty to Notify as to Other Transactions Escrow Holder shall have no duty or responsibility to notify any party to this escrow of any sale, resale, loan, exchange or other transaction involving the property which is the subject of this escrow or any profit realized by any person or entity in connection therewith, notwithstanding that Escrow Holder may act as escrow holder for such transaction(s) in this or another escrow(s). 14. Failure to Close Timely If the conditions for closing this escrow have not occurred at the time set forth herein for closing, Escrow Holder is nevertheless to continue to act hereunder and to close this escrow as soon thereafter as such conditions (except as to time) shall have been met, unless any party shall have made a written demand on Escrow Holder for cancellation of this escrow and/or for the return of any funds and/or documents deposited by such party. 15. Delivery of Documents and Funds Escrow Holder will send documents to the parties in an appropriate manner, such as regular mail, facsimile or email, unless otherwise instructed. Delivery by Escrow Holder of documents to a party's real estate agent or broker shall constitute delivery to that party. Funds may be delivered by regular mail, overnight mail or wire, at the discretion of Escrow Holder, unless otherwise instructed by the party to whom the funds are delivered. 16. Retention of Records After the closing or cancellation of this escrow, Escrow Holder shall retain the escrow file(s) pertaining to this escrow for a minimum of one year, after which time Escrow Holder is authorized to destroy or otherwise dispose of such file(s) without notice or liability to the parties hereto. PLEASE INITIAL ®BUYER(S): SELLER(S) / PAGE 4 Escrow No.: 09400525-904-LB9 17. California Withholding In accordance with Section 18662 of the Revenue and Taxation Code, a buyer may be required to withhold an amount equal to 31/3 percent of the sales price in the case of a disposition of California real property interest by either: 1. A seller who is an individual or when the disbursement instructions authorize the proceeds to be sent to a financial intermediary of the seller, Olt 2. A corporate seller that has no permanent place of business in California. The buyer may become subject to penalty for failure to withhold an amount equal to the greater of 10 percent of the amount required to be withheld or five hundred dollars ($500). However, notwithstanding any other provision Included in the California statutes referenced above, no buyer will be required to withhold any amount or be subject to penalty for failure to withhold if: 1. The sales price of the California real property conveyed does not exceed one hundred thousand dollars ($100,000), OR 2. The seller executes a written certificate, under the penalty of perjury, certifying that the seller is a corporation with a permanent place of business In California, OR 3. The seller, who is an individual, executes a written certificate, under the penalty of perjury, of any of the following: A. That the California real property being conveyed is the seller's principal residence (within the meaning of Section 121 of the Internal Revenue Code). B. That the California real property being conveyed is or will be exchanged for property of like kind (within the meaning of Section 1031 of the Internal Revenue Code), but only to the extent of the amount of gain not required to be recognized for California income tax purposes under Section 1031 of the Internal Revenue Code. C. That the California real property has been compulsorily or involuntarily converted (within the meaning of Section 1033 of the Internal Revenue Code) and that the seller intends to acquire property similar or related in service or use so as to be eligible for nonrecognition of gain for California income tax purposes under Section 1033 of the Internal Revenue Code. D. That the California real property transaction will result in a loss for California income tax purposes. The seller is subject to penalty for knowingly filing a fraudulent certificate for the purpose of avoiding the withholding requirement. The California statutes referenced above Include provisions which authorize the Franchise Tax Board to grant reduced withholding and waivers from withholding on a case -by -case basis for corporations or other entities. Buyer understands that in no event will Escrow Holder undertake to advise Buyer and/or Buyer's representative on the possible application of the above code sections to this specific transaction. Unless expressly instructed by Seller and Buyer herein, Buyer understands that Escrow Holder will NOT assist in obtaining a waiver from withholding from the Franchise Tax Board. Should Buyer and Seller herein direct Escrow Holder to undertake any activities pursuant to the withholding provisions under California law, Buyer and Seller agree to cooperate fully in providing necessary information to Escrow Holder. Buyer and Seller agree to indemnify and hold Escrow Holder harmless in the event of noncompliance resulting from information supplied by either Buyer and/or Seller. For additional Information concerning the withholding provisions under the code sections referenced above, please contact the Franchise Tax Board -Withhold -at -Source Unit at (916) 845-4900, P.O. Box 651, Sacramento, CA 95812-0651. 18. Foreign Investment in Real Property Act (FIRPTA) Buyer is hereby notified that FIRPTA withholding (Internal Revenue Code Section 1445) may be applicable to certain sales of United States real estate by non-resident aliens. Unless instructed otherwise by the parties to this escrow, Escrow Holder is released from any liability, obligation or responsibility with respect to compliance with said Code Section, including, but not limited to (a) withholding of funds, (b) advising the parties as to the requirements of said sections, (c) determining whether transferor (Seller) is a foreign person or entity and/or (d) obtaining a non -foreign affidavit. 19. Preliminary Change of Ownership' Prior to the close of escrow, Buyer may hand Escrow Holder a fully completed and executed "Preliminary Change of Ownership Report" (POOR) pursuant to the requirements of California Revenue and Taxation Code Section 480.3. Buyer may elect not to complete and execute said form prior to the close of escrow. Should Buyer choose not to execute the PCOR or should the County Recorders office reject the PCOR for any reason, Buyer is aware that a $20.00 charge will be assessed by the County Recorder's office and Escrow Holder will charge the account of Buyer accordingly. In the event the PCOR has not been filed at the time the documents record OR the County Tax Assessors office determines that the form has not been properly completed, Buyer will be responsible for obtaining and completing a new PCOR and any additional documents that may be required by the Assessor's office. Failure to file a proper PCOR will result in additional penalties in accordance with Section 480 of the California Revenue and Taxation Code. Escrow Holder's sole duty shall be the delivery of the PCOR to the County Recorder at the time of recordation of transfer documents, if it is provided to Escrow Holder. Escrow Holder assumes no liability or responsibility regarding the proper completion of the PCOR. 20. Supplemental Taxes Buyer is advised that the County Tax Assessor will revalue property that changes ownership or contains new construction, which may result in a supplemental assessment. The supplemental taxes will be assessed from the date of the change in ownership or completion of construction. 21. Fire/Hazard Insurance Buyer shall obtain Fire/Hazard Insurance coverage, If applicable, on the subject property prior to the close of escrow, as per requirements of the new lender. If Buyer has not paid policy premium prior to close of escrow, Escrow Holder is PLEASE INITIAL IDBUYER(S): ��]/_ SELLER(S) / PAGE 5 Escrow No.: 09400525-904-LB9 authorized and instructed to debit Buyer's account with the cost of the annual premium and pay such premium to the insurance agent and/or company, at the close of escrow, from funds deposited by Buyer. Escrow Holder is instructed to request that the insurance company deliver the original polity and copies, as required, to all necessary parties. In the event the property is covered by a blanket Insurance policy, Buyer shall provide Escrow Holder with a Certificate of Insurance. FAILURE TO PROVIDE FIRE/HAZARD INSURANCE WILL DELAY THE CLOSE OF ESCROW. Escrow Holder has no obligation to obtain fire or other insurance in the absence of a written instruction to do so. 22. Fees and Charges; Messenger Fees Escrow, title, and recording charges and other costs are to be charged to the principals' accounts in accordance with customary practices in this County, unless Escrow Holder is instructed to do otherwise in writing. The charges which the Company will make for sending documents and/or checks via next day messenger services (i.e. Federal Express, UPS, DHL, Airborne, Express Mail, etc.) are $15.00 per letter for standard overnight service, and $25.00 for larger size packages and/or priority delivery services, both of which charges include a mark-up to cover the Company's expenses, overhead and profit for arranging the service. Special messenger fees will be charged at the actual cost of the messenger service, plus a mark-up to cover the Company's expenses, overhead and profit for arranging the service. There will be no additional charge for pick-up or delivery of packages via the Company's regularly scheduled messenger runs. 23. Fees Paid in Advance Escrow Holder Is hereby Instructed to use Buyer's funds deposited into escrow to pay any statements submitted prior to close of escrow to pay such items as, but not limited to, charge by a homeowner's association management company for ordering documents, lender's charge for a payoff statement, city's charge for city reports, home warranty Insurance policy, natural hazard report, termite report, charges for work completed pursuant to an agreement of the parties, etc. In the event escrow is cancelled and Buyer is entitled to a refund of deposited funds, the amount of any fees advanced shall be deducted from the funds returned to Buyer. Seller hereby agrees to immediately deposit into escrow the amount of fees advanced for which Seller is responsible, and Escrow Holder will Immediately disburse the amount of such deposit to Buyer. Buyer hereby agrees to Immediately return to Escrow Holder any documentation provided to Buyer that is associated with fees advanced by Escrow Holder. Buyer shall not be reimbursed for any fees associated with documents provided to Buyer which are not returned to Escrow Holder. Escrow Holder shall not be liable to Buyer for fees deducted from Buyer's deposit in the event Seller fails to deposit the amount of such fees into escrow. 24. Special Recording; Late Confirmation of Recording Seller's proceeds may not be available, and encumbrances may not be paid off, until the first business day following the day of recording if 1) documents recorded at close of escrow are recorded later In the day than 8:00 a.m. (which is called a "special recording") or if 2) the County Recorder does not provide confirmation of recording within sufficient time to allow same -day disbursement of funds by wire or check. 25. IRS Form 1099 Requirements If requested by Escrow Holder, Seller will furnish Escrow Holder with sufficient information to file form 1099, if required, with the Internal Revenue Service for the sale of the real property which Is subject to this escrow. 26. Disclosure Reports Escrow Holder is not to be concerned with disclosures made by the parties to each other. In the event Escrow Holder receives any disclosure reports requiring signatures or approval by a party, Escrow Holder's only responsibility will be to forward the report to the appropriate party. 27. Loan Payoffs When a mortgage, deed of trust or tax lien is to be paid off through escrow, Escrow Holder is authorized to pay the payoff demand received from the creditor. Seller/borrower understands that a loan payoff may include a prepayment penalty and other charges. BUYER: SELLER: Ricardo Cerda The C' of Vernon BY: blfl%'--J` Bruce Malkenhorst, Jr. Acting City Clerk PLEASE INITIAL ®BUYER(S): / SELLER(S) / PAGE 6 Exhibit A All that certain real property situated in the County of Los Angeles, State of California, described as follows: Lot 22 of Tract No. 43028, in the City of Huntington Park, County of Los Angeles, State of California, as per map recorded in Book 1042, Page(s) 3 to 6 inclusive of Maps, in the office of the County Recorder of said County. Except therefrom all oil, oil rights, natural gas, natural gas rights and other hydrocarbons by whatsoever name known, and al other minerals and mineral rights, whether or not similar to those herein mentioned, below a depth of 500 feet provided that Grantor shall not have any right of surface entry to drill, mine, explore or otherwise operate upon, in, through or under the land herein conveyed, in the exercise of the herein excepted and reserved rights as reserved by Edith A. Smith, in deed recorded August 18, 1983, as Instrument No. 83-958085, by Luis M. Guzman, in deed recorded June 17, 1983, as Instrument No. 83-683479, by Anna E. Erman in deed recorded June 6, 1983, as Instrument No. 83-628245, by Manuel De Leon and Maria De Leon, Roberto Garcia and Yolanda Garcia, in deed recorded August 8, 1983 as Instrument No. 83-910106, by Efrain Arellano and Elva Arellano, husband and wife and Efrain Antonio Arrellano, a single man, in deed recorded September 13, 1983, as Instrument No. 83-1070195, by Francisco Fonseca and Josefina Fonseca, in deed recorded August 25, 1983, as Instrument No. 83-989092, by Edward H. Olson, in deed recorded August 23, 1983, as Instrument No. 83-997128, by Ronald L. Vasquez and Constance Mae Vasquez, Verla Botkin and Lorraine Botkin, in deed recorded July 7, 1983, as Instrument No. 83-769579 and 83-769580 and by Noel Valentin Bernal and Graciela Bernal, in deed recorded September 26, 1983, as Instrument No. 83-1131450, all of Official Records. i* ,� " � Lawyers Title Company L�} 655 North Central Avenue, Ste 2200 Lawyers TI `le Glendale, Ca 91203 Phone: (818)552-7255 Fax: PRIVACY POLICY NOTICE Dear LandAmerica Customer: The Financial Services Modernization Act recently enacted by Congress has brought many changes to the financial services industry, which includes insurance companies and their agents. One of the changes is that we are now required to explain to our customers the ways in which we collect and use customer information. The statement attached to or on the reverse side of this letter is the privacy policy of the LandAmerica family of companies. The three largest members of the family - Commonwealth Land Title Insurance Company, Lawyers Title Insurance Corporation, and Transnation Title Insurance Company - may issue policies and handle real estate closings in virtually every part of the country. A number of other companies in the family provide other real estate services, and some operate more locally. You may review a list of LandAmerica companies on our website (www.landam.com). You may also visit our website for an explanation of our privacy practices relating to electronic communication. Our concern with the protection of your information has been a part of our business since 1876, when the company that is now Commonwealth Land Title Insurance Company issued its first policy. We will continue to protect the privacy, accuracy, and security of customer information given to us. No response to this notice is required, but if you have questions, please write to us: LandAmerica Privacy P.O. Box 27567 Richmond, VA 23261-7567. Title Insurance Companies: Commonwealth Land Title Insurance Company, Commonwealth Land Title Insurance Company of New Jersey, Industrial Valley Title Insurance Company, Land Title Insurance Company. Lawyers Title Insurance Corporation, Title Insurance Company of America, Transnation Title Insurance Company, Transnation Title Insurance Company of New York Relocation and Mortgages: Commonwealth Relocation Services, CRS Financial Services, Inc., LandAmerica Account Servicing, Inc. Title Agents: American Title Company of Dallas and Fort Worth, Austin Title Company, ATACO, Inc., Albuquerque Title Company, Atlantic Title & Abstract Company, Brighton Title Services Company, Capitol City Title Services, Inc., CFS Title Insurance Agency, Charleston Title Agency; Charter Title Company of Fort Bend, Galveston, and Sugarland; Commercial Settlements, Inc., Commonwealth Land Title Company; Commonwealth Land Title Company of Austin, Dallas, Fort Worth, Houston, Washington, Congress Abstract Corp., Cornerstone Residential Title, Cumberland Title Company, First Title & Escrow, Inc., Gulf Atlantic, Harbour Title, HL Title Agency, Lawyers Title Company; Lawyers Title of Arizona, El Paso, Galveston, Nevada, Pueblo, San Antonio, Lawyers Title Settlement Company, Lion Abstract, Longworth Insured, Louisville Title Agency of Central Ohio, Lorain County Title Company, M/I Title Agency, NIA/ Lawyers Title Agency, Oregon Title, Park Title, Partners Title Company, Pikes Peak Title Services, RE/Affirm Title Agency, Rainier Title Company, Residential Abstract, Residential Title, Rio Rancho Title, Texas Title Company, Title Transfer Service, Inc., TransOhio Residential Title Agency, Transnation Title & Escrow, Union Title Agency, University Title Services, Wilson Title Company Auraisals and Ancillary Services: LandAmerica OneStop, Inc. Form 3391-6 (May, 2001) LANDAMERICA PRIVACY POLICY What kinds of information we collect. Most of LandAmerica's business is title insurance, but there are companies in our family that provide other real estate services to consumers. We collect information about you, (for instance, your name, address, telephone number), and information about your transaction, including the identity of the real property that you are buying or financing. We obtain a copy of any deeds, notes, or mortgages that are involved in the transaction. We may get this information from you or from the lender, attorney, or real estate broker that you have chosen. Our title insurance companies then obtain information from the public records about the property so that we can prepare a title insurance policy. When we provide closing, escrow, or settlement services, mortgage lending, or mortgage loan servicing, we may get your social security number, and we may receive additional information from third parties Including appraisals, credit reports, land surveys, escrow account balances, and sometimes bank account numbers to facilitate the transaction. If you are concerned about the information we have collected, please write to us. How we use this information. The company giving or specifically adopting this notice does not share your information with marketers outside its own family. There's no need to tell us to keep your information to ourselves because we share your information only to provide the service requested by you or your lender, or in other ways permitted by law. The privacy laws permit some sharing without your approval. We may share internally and with nonaffiliated third parties in order to carry out and service your transaction, to protect against fraud or unauthorized transactions, for institutional risk control, and to provide information to government and law enforcement agencies. Companies within a family may share certain information among themselves In order to identify and market their own products that they think may be useful to you. Credit information about you is shared only to facilitate your transaction or for some other purpose permitted by law. How we protect your information. We restrict access to nonpublic personal information about you to those employees who need the information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with law to guard your nonpublic personal information. We reinforce the company's privacy policy with our employees. Agents that may be covered by this policy. Often, your transaction goes through a title insurance agent. Agents that are part of the LandAmerica family are covered bye this policy. Agents that are not part of the LandAmerica family may specifically, in writing, adopt our policy statement. Form 3391-6 (May, 2001) l Lawyers Title Company L`�' 655 N. Central Avenue lawyers Title ' Suite 2200 Glendale, CA 91203 Phone No. 818 552-7244 Fax No. 818 552-7235 LORI BUEL, COMMERCIAL ESCROW OFFICER DIRECT PHONE: (818) 552-7244 • FAX NUMBER: (818) 552-7235 E-MAIL: LBUEL@LANDAM.COM ESCROW AMENDMENT/SUPPLEMENT Escrow Number: 09400525-904-LB9 Date: December 29, 2005 Property Address: 2915 East 60th Place Unit S, Huntington Park, CA 90255 Escrow Officer: Lori Buel TO: LAWYERS TITLE COMPANY My previous instructions in the above numbered escrow are hereby modified and/or supplemented in the following manner: 1. At close of escrow, escrow holder is instructed to debit seller and debit buyer each in the amount of $850.00, and hold said funds until such time as the invoice to pay the fee of Westside A/C & Heating for the installation of a furnace at subject property is delivered to escrow holder. In the event the actual invoice comes in at less than $1,700.00, escrow holder is instructed to adjust those debits accordingly and refund the difference to buyer and seller. In the event the invoice comes in for more than $1,700.00, buyer and seller shall handle paying any overage outside of escrow. If escrow holder does not receive the invoice by two weeks from the date of close of escrow, escrow holder is instructed to return funds held to the parties to whom the funds were withheld from. 2. Buyer's and Seller's signatures hereon constitute their full approval and/or satisfaction that all conditions and/or contingencies have been satisfied, approved, waived and/or removed and escrow holder is hereby instructed by the undersigned parties to proceed with the closing of this escrow. All other terms and conditions not in direct conflict with the foregoing remain unchanged. Each of the undersigned states that he/she/they have read the foregoing instructions and understands and agrees to them in their entirety. BUYER: SELLER: The/ it of Vernon Bruce Malkenhorst, Jr. Acting City Clerk Ricardo Cerda y Lawyers Title Company t ' 1 C. "1 655 N. Central Avenue Lawyers Title Suite 120 Glendale, CA 9203 Phone No. 818 552-7244 Fax No. 818 552-7235 Lori Buel, Commercial Escrow Officer Direct Phone: (818) 552-7244 . Fax Number: (818) 552-7235 e-mail: Ibuel@landam.com PRELIMINARY REPORT APPROVAL Escrow Number: 09400525-904-LB9 Title Order Number: 09400525-70 Date: December 29, 2005 The undersigned acknowledge that they have read and received a copy of the Preliminary Report of Title issued by Lawyers Title Company under the above referenced order number and hereby approve same in its entirety. The undersigned buyer acknowledges receipt of a copy of the Covenants, Conditions and Restrictions, if any, as set forth in the Preliminary Report and hereby approve same: At the close of escrow, the Policy of Title Insurance issued in connection with this transaction will contain only the following items: PLUS those items that will reflect the documents being recorded through this escrow. *Please indicate items on Schedule "B" to show in title policy. Thank you.* (In the event no information is inserted in this section by the Buyer(s), then escrow holder is instructed to show all items shown on Schedule B, -as disclosed on the report described herein above.) The ly of Vernon BY: Bruce Malkenhorst, Jr. Acting City Clerk -- -- - VVP m rivm-uuuuuuuu000UUU 0000000000 T-350 P-001/003 F-394 KARNS & KARABIAN 900 Wilshire Boulevard, Suite 530 Los Angeles, California 90017 (213) 680-9522 Fax: (213) 627-3602 FAX COVER SHEET FAX NUMBER TRANSMITTED TO: To: Joe Furnish From. Shirleen Clientl'Matter: City of Vernon Date: January 3, 2006 COMMENTS: (323) 826-1439 ' N Isseli - Estimated Settlement Statement 12 Original will NOT follow. The infonnation contained In this fipCx&MW message is information protected by attorney -client and/or the attomeyhrork product privilege. it is intended only for the use of the incNvidual named above and the privileges are not Waived by viRue of thle having been cant by facsimile. If the person actually ►aceiving this facsimile or any other reader of the facsimile is not the named recipient or the employee or agent responsible to deliver it to the named recipient any use, dissemination, dlsbtbution, or copying of the communkedon is strfcify prohibited. If you have received this communication in error, please immediately notify us by telephone and ratum the original message to us at the above address via U.S. Pivstal Service. • NOT COUNTING COVER SHEET. IF YOU DO NOT RECEIVE 66L PAGES, PLEASE TELEPHONE US IMMEDIATELY AT (213) NO-9622. uy.uuNm rium-uuuuuuuuuuuuuu 0000000000 01 / 93/ 2896 15: 52 8185527236 t5[,.xuta LAN.DAMERICA COMMERCIAL SERVICES 655 NORTH CENTRA-L- AVS, 2.: NDPLR GLEND,ALE, CA• 91203 PHONE(816) 552-7248 PAX (818) 552-7236 FACSIMILE TRANSMITTAL SKEET fur"ni %TG j ' f?jl COWAMt DAM T-350 P.002/003 F-394 BtI� i+1L7J1�8Ei •bLT�L�7C5 hW'�'iCL' MJ1�ffiI�t ❑ vxcmvT 0 PM UVVW Cl PLEASE COXW2m ❑ PLEASE REPLY ❑ Pumt RzcrcLE -' -- W-t•uirm rsuw-uvuuuuuuuuuuuu 0000000000 T-350 P.003/003 F-394 01/03/2006 15:52 8185527236 ESCKM LAWYERS TITLE COMPANY 65S North Ceatrd Avenue, Ste 2200, Gbmd2le, C.a 91203 (819) 552-7255 SUMS/BORROWUS CLOSING STATEMENT Estfmated B-y-mo-0-- . CUT of Vomp 09dHMt-90d T.89 Cbn Daw 12/30am • Proratia� Data 1?J30/2005 Dt"-PIS: wcd. 01/moof 1'tnpert3r. 2915 VAn SM FlWe Unk 3 4 Ter CA 902W .x• ':.1: "f r.•_. i.;:.r.• _ r� '^�•. ...: :.r •._-. ,. :l::.• •.C•' •'''i+CWa: :�..•r TOTAL CON31MRAT"c Xotal Conadctntion �351,000.00 bw= D1Poait 10,500.00 Cmnwj TVX2 I Foam MUM To 01109f06 30.66 B=d on the Atm nl ama= of $1,379.79 AMCMUCM krm 01/09/06 To 02/01:06 12 22 Jr Ned onthe Atmpal emoind of=0.00 TMX ArW ESCROW CHARQUA. 111aeeeage cutieer to Lawyaes Title Comp w 20.00 Ewxow Fee to L awyea Title Cerny 9�11.W ADDMOATAL CRARGlE'S: FUNDS held For fast audit to wcoent not nMd 50d.Oa gob Tomb 352,4=2-1 10,530.66 Ba mm Dtue From %wad8ca mw 3 - Trwx Q:M A41 79 '` execa46 The CityBY: Bruce h. Acting City Clark This statement pis based on io£omwticn a<+uilsbie to 0te WmW bNdec w of the due *a smawem was prumad and tho alo ffix date shown above. Actual anxvwts mey ft= and/or vast depend* on updated takandoa rcccNed and rite fnml elomg date. PrYsce on a4AiM00a of 2:9219PM L A Lawyers Title Lawyers Title Company 655 North Central Avenue Ste 2200 Glendale, Ca 91203 Phone: (818) 552-7255 LandAmerica Commercial Services Our File No: 09400525 - 70 655 North Central Ave Senior Commercial Title Officer: Melvin 22nd Floor Earle Glendale, CA 91203 e-mail: mearle@landam.com Direct Phone: (818) 552-7260 Attn: Lori Buel Fax Number: (818) 552-7263 Your Reference No: 09400525-LB Property Address: 2915 East 60th Place Unit S, Huntington Park, California PRELIMINARY REPORT Dated as of December 2, 2005 at 7:30 a.m. In response to the above referenced application for a policy of title insurance, Lawyers Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land and the estate or interest therein hereinafter set forth, Insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an Exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said policy forms. The printed Exceptions and Exclusion from the coverage and Limitations on Covered Risks of said Policy or Policies are set forth in Exhibit B attached. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner's Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth in Exhibit B. Copies of the Policy forms should be read. They are available from the office which issued this report. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit B of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title Insurance policy and should be carefully considered. It Is Important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land. This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability Is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a Binder or Commitment should be requested. CLTA Preliminary Report (Revised 11-17-04) Page 1 File No: 09400525 SCHEDULE A The form of policy of title insurance contemplated by this report is: CLTA Standard Owners The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE Title to said estate or interest at the date hereof is vested in: Ricardo Cerda, a married man as his sole and separate property The land referred to herein is situated in the County of Los Angeles, State of California, and is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF Page 2 File No: 09400525 EXHIBIT "A" All that certain real property situated in the County of Los Angeles, State of California, described as follows: - Lot 22 of Tract No. 43028, in the City of Huntington Park, County of Los Angeles, State of California, as per map recorded in Book 1042, Page(s) 3 to 6 inclusive of Maps, in the office of the County Recorder of said County. Except therefrom all oil, oil rights, natural gas, natural gas rights and other hydrocarbons by whatsoever name known, and al other minerals and mineral rights, whether or not similar to those herein mentioned, below a depth of 500 feet provided that Grantor shall not have any right of surface entry to drill, mine, explore or otherwise operate upon, in, through or under the land herein conveyed, in the exercise of the herein excepted and reserved rights as reserved by Edith A. Smith, in deed recorded August 18, 1983, as Instrument No. 83- 958085, by Luis M. Guzman, in deed recorded June 17, 1983, as Instrument No. 83-683479, by Anna E. Erman In deed recorded June 6, 1983, as Instrument No. 83-628245, by Manuel De Leon and Maria De Leon, Roberto Garcia and Yolanda Garcia, in deed recorded August 8, 1983 as Instrument No. 83-910106, by Efrain Arellano and Elva Arellano, husband and wife and Efrain Antonio Arrellano, a single man, in deed recorded September 13, 1983, as Instrument No. 83- 1070195, by Francisco Fonseca and Josefina Fonseca, in deed recorded August 25, 1983, as Instrument No. 83-989092, by Edward H. Olson, in deed recorded August 23, 1983, as Instrument No. 83-997128, by Ronald L. Vasquez and Constance Mae Vasquez, Verla Botkin and Lorraine Botkin, in deed recorded July 7, 1983, as Instrument No. 83-769579 and 83-769580 and by Noel Valentin Bernal and Graciela Bernal, in deed recorded September 26, 1983, as Instrument No. 83-1131450, all of Official Records. Assessor's Parcel Number: 6310-023-064 �; /•' Page 3 File No: 09400525 SCHEDULE B At the date hereof Exceptions to coverage in addition to the printed exceptions and exclusions in said policy form would be as follows: A. Property taxes, including general and special taxes, personal property taxes, if any, and any r. assessments collected with taxes, for the fiscal year 2005 - 2006. G! 1st Installment: $1,379.79 This amount is valid until December 10, after which penalties apply Penalty: $137.98 Due with installment amount if paid after December 10 2nd Installment: $1,379.78 This amount is valid until April 10, after which penalties apply Penalty (including cost): $147.98 Due with installment amount If paid after April 10 Homeowner's Exemption: $none Code Area: 00594 Assessment No.: 6310-023-064 B. Supplemental or escaped assessments of property taxes, if any, assessed pursuant to the Revenue and Taxation Code of the State of California. fZ 1. Covenants, conditions and restrictions as set forth in the document Recorded: in Book 6712, Page 274, of Deeds This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.C. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. Modification(s) of said covenants, conditions and restrictions Recorded: in Book 29001, Page 372, Official Records i x 2. Covenants, conditions and restrictions as set forth in the document Recorded: In Book 1680, Page 198, Official Records This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.C. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. k Page 4 File No: 09400525 Modification(s) of said covenants, conditions and restrictions Recorded: in Book 29001, Page 372, Official Records ` I 3. Covenants, conditions and restrictions as set forth in the document Recorded: in Hook 3027, Page 283, Official Records This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.C. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. Modification(s) of said covenants, conditions and restrictions Recorded: in Book 29001, Page 372, Official Records 4. Covenants, conditions and restrictions as set forth in the document 141117 Recorded: in Book 8116, Page 1, Official Records This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.C. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. Modification(s) of said covenants, conditions and restrictions Recorded: in Book 29001, Page 372, Official Records 5. Covenants, conditions and restrictions as set forth in the document I Recorded: in Book 29001, Page 372, Official Records N This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.C. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. /V Page 5 1 File No: 09400525 6. An easement for the purpose shown below and rights incidental thereto as set forth in a document Purpose: underground electrical supply systems and community systems (hereinafter referred to as "systems"), consisting of wires, underground conduits, cables, vaults, manholes, handholes, and Including above -ground enclosures, markers and concrete pads and other appurtenant fixtures and equipment necessary or useful for distributing electrical energy and for transmitting intelligence by electrical means, Recorded: July 26, 1985, as Instrument No. 85-862122, Official Records Affects: Portions of the herein described land, the exact location of which can be determined by examination of the above -mentioned Instrument, which contains a complete legal description of the affected portions of said land. 7. An easement for the purpose shown below and rights incidental thereto as set forth in a document Purpose: underground communication facilities as grantees may from time to time require (including ingress thereto and egress therefrom) consisting of wires, cables, conduits, manholes, handholes and aboveground markers, pedestals, terminal equipment cabinets, other associated electrical conductors and necessary fixtures and appurtenances Recorded: September 5, 1985, as Instrument No. 85-1026173, Official Records Affects: Portions of the herein described land, the exact location of which can be determined by examination of the above -mentioned instrument, which contains a complete legal description of the affected portions of said land. 8. A declaration of covenants, conditions and restrictions which, among other things, may contain or provide for easements; liens and the subordination thereof; and restrictions on partition and severability of component interest. Recorded: November 4, 1985, as Instrument No. 85-1305505, Official Records NOTE: This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.C. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. 9. An instrument entitled "Certificate of Correction", dated May 1, 1987, and as more particularly set out in Document recorded June 3, 1987, as Instrument No. 87-877578, Official Records. Said instrument recites among other things, the following: "This correction affects Sheets 2 and 4 of Tract No. 43028, recorded in Book 1042, Page(s) 3 to 6 of Maps." / Page 6 File No: 09400525 10. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby. Amount: $112,500.00 Dated: February 28, 2003 Trustor: Ricardo Cerda, a married man Trustee: Golden West Savings Association Service Co., a California Corporation Beneficiary: World Savings Bank, FSB, Its successors and/or assignees, a Federal Savings Bank, Loan No.: 0020363446 Recorded: March 10, 2003, as Instrument No. 03-671848, Official Records 11. A deed of trust to secure an indebtedness In the amount shown below, and any other obligations secured thereby. Amount: $180,000.00 Dated: October 28, 2005 Trustor: Ricardo Cerda, a married man as his sole and separate property Trustee: Chicago Title Co., a California Corporation Beneficiary: F & A Federal Credit Union Loan No.: 542660 L71 Recorded: November 1, 2005, as Instrument No. 05-2629590, Official Records Said deed of trust recites that it secures a line of credit. If the line of credit is to be paid off in this transaction, this Company will require that the written demand for payment state that the line of credit has been frozen and that the demand is not subject to increase for any additional advances or draws. Accordingly, it is recommended that any request for a payoff demand statement advise the beneficiary of our requirement, and that the request be accompanied by: the borrower's written request to freeze the line of credit, the surrender of any unused checks or drafts, and anything else that may be required by the lender in order to issue an unconditional demand. END OF SCHEDULE 8 EXCEPTIONS PLEASE REFER TO THE "NOTES AND REQUIREMENTS SECTION" WHICH FOLLOWS FOR INFORMATION NECESSARY TO COMPLETE THIS TRANSACTION �(� %' Page 7 File No: 09400525 REQUIREMENTS SECTION: REQ NO.1: The Company will require a statement of information from the parties named below in order to complete this report, based on the effect of documents, proceedings, liens, decrees, or other matters which do not specifically describe said land, but which, if any do exist, may affect the title or impose liens or encumbrances thereon. Parties all parties REQ NO.2: The Company will require that it be furnished a written statement from the Homeowners' Association of which said property owner is a member, which will provide that all liens, charges and/or assessments levied on said land have been paid. Said statement should provide clearance up to and including the time of closing. In order to avoid unnecessary delays at the time of closing, we ask that you obtain and forward said statement at your earliest convenience. ,/" Page 8 File No: 09400525 INFORMATIONAL NOTES SECTION NOTE NO. 1: The information on the attached plat is provided for your convenience as a guide to the general location of the subject property. The accuracy of this plat is not guaranteed, nor is it a part of any policy, report or guarantee to which it may be attached. NOTE NO. 2: California insurance code section 12413.1 regulates the disbursement of escrow and sub -escrow funds by title companies. The law requires that funds be deposited in the title company escrow account and available for withdrawal prior to disbursement. Funds deposited with the company by wire transfer may be disbursed upon receipt. Funds deposited with the company via cashier's check or teller's check drawn on a California based bank may be disbursed on the next business day after the day of deposit. If funds are deposited with the company by other methods, recording and/or disbursement may be delayed. All escrow and sub -escrow funds received by the company will be deposited with other escrow funds in one or more non -interest bearing escrow accounts of the company in a financial Institution selected by the company. The company may receive certain direct or indirect benefits from the financial institution by reason of the deposit of such funds or the maintenance of such accounts with such financial institution, and the company shall have no obligation to account to the depositing party in any manner for the value of, or to pay to such party, any benefit received by the company. Those benefits may include, without limitation, credits allowed by such financial institution on loans to the company or its parent company and earnings on investments made with the proceeds of such loans, accounting, reporting and other services and products of such financial institution. Such benefits shall be deemed additional compensation of the company for its services in connection with the escrow or sub -escrow. WIRING INSTRUCTIONS FOR THIS OFFICE ARE: Union Bank of California 445 South Figueroa Street Los Angeles, CA 90071-1655 Phone(800) 218-6466 ABA # 122-000-496 Credit To: Lawyers Title Company- Los Angeles County Account#9100868110 RE: 09400525 904 - LB9 PLEASE INDICATE LAWYERS TITLE COMPANY ESCROW OR TITLE ORDER NUMBER C^/ Page 9 File No: 09400525 NOTE NO. 3: The charges which the company will make for next day messenger services (i.e. Federal Express, UPS, DHL, Airborne, Express mail, etc.) Are $15.00 per letter, standard overnight service, and $25.00 for larger size packages and/or priority delivery services. Such charges include the cost of such messenger service and the company's expenses for arranging such messenger service and its overhead and profit. Special messenger services will be billed at the cost of such services. There will be no additional charge for pick-up or delivery of packages via the company's regularly scheduled messenger runs. NOTE NO. 4: The charge for a policy of title insurance, when issued through this title order, will be based on the short-term rate. NOTE NO. 5: There are no conveyances affecting said land recorded within 24 months of the date of this report. Typist: 2sm Date Typed: December 9, 2005 Page 10 I Exhibit B (Rev. I1-17-04) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY —1990 EXCLUSIONS FROM COVERAGE The following matters are expressly exchded from the coverage of this poky and the Company will not pay lose or damage, corts, attorneys' fees or expenses which arise by reason of 1. (a) Any law, ordinance or govemmemal regulation(including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to () the occupancy, use or enjoyment of the land: (ii) the character, dimensions or location of any improvement now or hereafter erected on do lend (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of* defect, lien, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extant that a notice of the exercise thereof or notice of s defect, lien or encumbrance resulting from a violation or alleged violation affecting the lend has been recorded in the pubec recorder at Due of Polley. 2 Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purclwa for value without knowledge. 3 Defects, liens, encumbrances, adverse clams or other matters: (a) whether or not recorded in the public records at Date of Polley, but creamd, suffered, assumed or agreed to by the insured claimant: (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) Resulting in no loss or damage to the insured claimant; (d) Attaching or created subsequent to Date of Policy; or (a) Resulting in loss or damage which would not have been sallined if the insured claimant had paid value for the banned mortgage or for the estate or interest insured by this policy. 4 Unenforcabilily, of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of army subsequent owner of the indebtedness to comply with the applicable doing business laws of the state in which the lend is situated. S Invalidity or uneniorceabilky of the lien of the insured mortgage, or claim thereof; which arse out of the transaction evidenced by the insured mortgage and is baud upon usury or any consumer credit protection or truth in lending law. 6 Any claim, which area out of the trsaaaion vesting in the insured the state or interest insured by this policy or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, sate insolvency or similar creditors' rights laws. EXCEPTIONS FROM COVERAGE — SCHEDULE B, PART I This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of. l . Taxes or assessments which are not shown as existing liens by the teoords of any taxing surdoriry that levies taxes or momments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of soh promedinp, whether or riot shown by the records of such agency or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the puublie records but which could be ascertained by an inspection of the lad or which may be asserted by persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereo& which are not /ham by the public records. 4. Discrepancies, conflicts in boundary Imes, shortage in area, encroachments, or 5. (a) U eery other flaw a which a correct rvey would dsbs rnpatemed mining claims; (b) reservations o excece, and which are not shown by the public records. ptiore in patents or in Ace authorizing the issuance thereof, (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (e) are shown by the public records. CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (10122d03) ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE EXCLUSIONS In addition to the Exceptions in Schedule B, You arc not h muvd spiral lose. costs, atomeys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation of any law or government regulation. This includes ordinances, In" and regulations concerning: a. building b. zoning C. land use d. improvements on the Land e. land division f. environmental protection This Exclusion does not apply to violations or the engercemem of three matters if notice of the violation or enforcement appears in the Public Records at the Policy Date. This Fsxcl siom does not limit the coverage described in Covered Risk 14, 15, 16,17 or 24. 2 The faikure of Your existing structures, or any part of therm, to be constructed in accordance with applicable building codes. This Exclusion does not apply to violations of building coda if notice of the violation appears in the Public Records at the Policy Date. 3 The right to take the Lard by condemning it, unless: a. a notice of exercising the right appears in the Public Records at the Policy Date; or b. the taking happened before the Policy date and is binding on You if You bought the Lend without knowing of the taking. 4 Risks: A. that are created, allowed, oragread toby You, whether or no they appear in the ]public Records; b. that are known to You at the Policy Date, but not to Us, unless they appear in the Public Records at the Policy Date; C. that result in no km to You; or d. that fat occur idler the Policy Date — the does not limit the coverage described in Covered Risk 7, 8d, 22, 23, 24 or 25. 5 Failure to pay vale for Your Title. 6 Lack of a right: A. to sly land outside the are specifically described and referred to in paragraph 3 of Schedule A; and b. in sheets, allays, or waterways that touch the lard. This Exclusion does not limit the coverage described in Covered Risk 110 18. LIMITATIONS ON COVZRRD RISKS Your insurance for the following Covered Risks is limited on the Owass s Coverage Stateroom a follows: For Covered Risk 14, 15,16 and 13, Your Deductible Amount and Our Maximum Dollar Lams of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are a follows: Your Decksa _l. Amount Limit oft inbility Covered Risk 14: 1 % of Policy Amount or S2 300 S101000 (whichever is fees) Covered Risk 15: 1 % of Polley Amount or $5,000 U51000 (whichever is lees) Covered Risk 16: 1 % of Policy Amount or SS,000 Me" (whichever is less) Covered Risk IS: 1 % of Policy Amount or S2,500 S518" (whichever is less) AMERICAN LAND TITLE ASSOCIATION RESIDENTIAL TITLE INSURANCE POLICY (6-1.87) EXCLUSIONS In addition to the Exceptions in Schedule B, you arc not insured against leas, costs, attorneys' fees, and expense resulting from: 1 Governments] police power, and the existence or violation of any law or government regulation. This include building and zoning ordinance and also laws and regulations concerning: • Land use • Improvements on the land • Land division Environmental protection This exclusion don not apply to violations or the enforcement of these matters which appear in the public records at Policy Date. File No: 09400525 This exclusion does not limit the zoning coverage described in items 12 and 13 of Covered Title Risks. The right to take the land by condemning it, unless; • A notice of exercising the right appears in the public records on the Policy Date • The taking happened prior to the Policy Due and is binding on you if you bought the land without knowing of the taking Title Risks: • That arc crated, allowed, or agreed to by you • That are known to you, but not to us, on the Policy Date - unless they appeared in the Public Records • That result in no loss to you • That first affect your title after the Policy Due - this does not limit the labor and material lien coverage in Item 2 of Covered Title Risks Failure to pay value for your title. Lack of a right: • To any land outside the area specifically described and referred to in Item 3 of Schedule A OR • In streets, alloys, or waterways the& touch your kind This exclusion does not limit the access coverage in Item 5 of Covered Title Risks AMERICAN LAND TITLE ASSOCIATION LOAN POLICY (10-17-92) WITH ALTA ENDORSEMENT -FORM 1 COVERAGE EXCLUSIONS FROM COVERAGE The following matters are expressly exchtded ftom the coverage of this policy and the Company will not pay loss or damage, coda, attorney's fees or expenses which arise by reason of I. (a) Any law, ordinance or governmental regulatimn (including but not limited to building and zoning laws, ordinances, or repletion) restricting, regulating, prohibiting or relating to (i) the occupancy, use or enjoyment of the land; (H) the character, dirnension or location of any improvement now or hereafter awed on the hard; (ii) a separation in ownership or a change in the dimensions or area of the lard or any parcel of which the land is or was a put; or (w) environmental protection, or the effect of any violation of these laws, ordioances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a detect, lien or encumbrance resulting fiom a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Due of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has base recorded in the public records at Date of Policy, but not excluding fFom coverage any taking which has occurred prior to Due of Policy which would be binding on the rights of a purchaser b value without knowledge. 3. Defects, Ilan, encumbrances, adverse claims or other matters: (a) crated, suffered, assumed or agreed to by the insured lake st; (b) not (mown o the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the time the inured claimant became an assured under this policy; (c) resulting in no less or damage to the insured ebbn&t; (d) attaching or crated subsequent to Due of Policy (aapt to the extent that this policy Insures the priority of the lien of the inured zoo the extent im mmm is afforded heroin n o assessments for tired rtgge over any atduory lien for serviceslabor or material or o (e) result' in leas or m+P�� u"� construction or completod at Date of Policy); or rug damage which would not have ben sustained if the inured claimant had paid value fro the insured mortgage. 4. Unenforceabilky of the lien of the insured mortgage been ne of the inability or faibra of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with applicable doing business laws of the side in which tits Mud is situated. 5. Invalidity or unenforceabilky of the lien of the Mwred mortgage, or claim thereof, which arises out of the transaction evidenced by the irmr ed mortgage and is based upon usury or any consumer credit protection or truth in lending law. 6. Any statutory lien for services, labor or materiab (or the claim of priority of any statutory lien for services, labor or matarlala over the lien of the insured mortgage) arising from an improvement or work related o the Wet which is contracted for and commenced subsequent to Due of Policy and is not financed in whole or in pat by proceeds of the indebtedness secured by the insured mortgage which at Date of Policy the insured hu advanced or is obligated to advance. 7. Any claim which arises out of the transaction crating the interest of the mortgagee inured by this Policy, by reason of the operation of federal bsnkrurptcy, date insolvency, or similar creditors' rights laws, that is based on: (i) the transaction creating the interest of the Insured mortgagee being deemed a Bsuduku conveyance or fraudulow trwfer, or (i) the Pbordintion of the interest of the inured mrtgaga as aresttk of the application of the doctrine of etpuitable subordination; or (iii) the tramaction crating the interest of the inured mortgagee being deemed a pro (a) to timely record the instrumentof transfer, or (b) of such recordation to impart noticeso s purehrar for value or a judgment or lien creditor. The above policy forms may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following General Exception: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (aced the Company will not pay costa, ammwr' few or expenses) which arise by reason of: I . Taxes or assessments which are not shown as existing lien by the records of any taxing athority that levies taxes or assessments on real property or by the public records. Proceeding by a public agency which may route in tames or assessments, or notices of such proceedings, whether or not do" by the records of such agency or by the pubic records. 2. Any fsctk rights, intents or claim which are not shown by the public records but which could be ascertained by an inspection of the local or which may be averted by persons in possession thereof. 3. Easements, liens or enambiences, or claim theroo( which are not am" by the public records. 4. Discrepancies, conflicts in boundary line, shortage in use, aaoaelmema, or any other facts which a correct survey would disclose, and which are not down by the public records. 5. (a) Unpainted mining claims; (b) reservation or exception in patents of in Acts authorizing the issuance thereof; (c) water rights, claims or title to ware, whether or not the matters excepted miler (a), (b) or (c) are shown by the public records. AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY (10-17-92) EXCLUSIONS FROM COVERAGE The following mates are expressly excluded from the covismp of" policy and the Company will not pay loss or damage, toss, attorneys' fees or expenses which arise by yawn of 1. (a) Any law, ordinance or governmental regulation (including but not limped to building sod zoning laws, ordinances, or regulation) restridMg eugdating, prohibiting or relating to () the occupancy, use or enjoyment of the land; (ii) the character, dimension or bailors of any improvement now or hereafter crated on the lad; ri a () separation in ownership or a change in the dimensions or era of the land or any parcel of which the lard is or was a part; or (iv) env "f "L al protection or the effect of any violation of these Musa, ordinances or governmental regulations, except to the extern that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violating affecting the hard has been recorded in the public records at Date of Policy. (b) Any governmental policy power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date ofPolicy. 2. Rights of eminent domain unless notice of the exercise dsroof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Due of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, lien, encumbrances, adverse chines or other rosters: (a) crated, suffered, assumed or agreed to by the insured claimant' (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the due the inured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have bees sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by the policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, thus based on: () the transaction a itg the estate or interest insured by this policy being deemed a f c udulem conveyance or fraudulent transfer, or (ii) the transaction creating the estate or interest insured by the policy being deemed a preferential transfer except where the preferential transfer results from the failure: (a) to timely record the instrument of transfer; or (b) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. The above policy forms may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage Policy will also include the following (icneral Exceptions. EXCEPTIONS FROM COVERAGE This policy does not insure against km or damage (and the Company will not pay costs, attorneys, fen or expenses) which arise by reason of: I. Taxes or assessments which are not shown as existing lien by the records of any taxing authority that levies taxes or assessments on real property or by the public records. File No: 09400525 Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the pubic records. 2. Any facts, rights, interests or claim which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other fauns which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patens or in Acts authorizing the issuance thereof, (c) water rights, chimp or title to water, whether or not the matters excepted under (a), (b) or (c) arc shown by the public records ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (10/1"1) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage ofths policy and the Company will not pay ion or damage, costs, stnmeys' fees or expenses which arise by reason of 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulaioro) .ou irgp, regusting, prohibiting or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, ditnensiois or loatlom of any improvement now or hereafter erected on the Land; (W) a separation in ownership or a change in the dimensions or areas of the Land or any parcel of which the Land is or was a fart; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of ■ detbct, lion or encumbrance resulting from a violation or alleged violation sffecting the Land has been recorded in the Public Records at Due of Policy. This exclusion does not limit the coverage provided undo Covered Risks 17, 13, 14, and 16 of this policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a deflect, lion or encumbrance resulting from a violation or alleged violation affecting the Land has been recorded in the Public Records at Date of Policy. This exclusion does not limit the coverage provided under Covered Risks 12, 13, 14, and 16 of this Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the Public Records at Date of Policy, but not excluding i om coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser ftur vale without Knowledge. 3. Defects, liens, encumbrances, adverse wins or other matters: (a) crated, suffered, assumed or agreed to by the Insured Claimsa; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting In no Ion or deruage to the Insured Claimme, (d) attaching or crated subsequent to Due of Policy (thin paragraph does not limit the coverage provided under Covered RWm 8, IC 18, 19, 20, 21, 22, 23, 24, 25 and 26y, or (e) resulting in loss or damage which would not have been suRained if des hunned Claimant had paid value for the Insured Mortgage. 4. Unenforcmbility of the lien of the Inured Mortgage because of the inability or 6fturo of the Insured at Due of Policy, or the inability or Wkse of any subsequent owner of the indebtedness, to comply with applicable doing business laws of due date in which do Lad is sitwted. 5. invalidity or unenforcabilhy of the lien of the Insured MatV4A or claim thereof; which arises out of the transaction evidenced b the Insured Mort in Covered Risk 27, or any consumer credit protection or truth la lending law. y cage and b based upon usury. incept a provided 6. Real property taxes or assessments of any governmental authority which become a linen on the Lend subsequent to Date of Polity. This exclusion does not limit the coverage provided under covered Risks 7, 8(e) and 26. 7. Any claim of invalidity, unenforceebility or"ofpriority oftbe lien of the Insured Mortgage as to advances or modifications made after the Insured has Knowledge that the vests shown in Schedule A is no Tonga the owner of the eatw or' - - covaod by the policy. This excitation does not limit the coverage provided in Covered Risk 8. 8. Lack of priority of the lien of the Inured Mortgage as to each and every advance made after Date of Policy, end all interest charged thereon, over liens, encumbrances and other matters affecting the title, the existence of wbkb are Known to the Insured at: (a) The time of the advance; or (b) The time a modification is made to the terms of the Insured Mortgage which changes the rue of interest charged, if the rev of Interest is greater a a result of the modification than it would have been beibre the modification. This exclusion does not limit the coverage provided in Covered Risk 8. 9. The fkilure of the residential structure, or any portion thereof to have bees coatnxcted before, on or after Date of Policy in accordance with applicable building codes. This exclusion does not apply to violations of building codes if notice of the violation appears in the Public Records at Date of PoNcy LandAmcr'ca Lawyers Title Company 655 North Central Avenue LLawyers Title Ste 2200 Glendale, Ca 91203 Phone: (818) 552-7255 Notice to Customers You may be eligible for a $20.00 reduction in your title or escrow fees in this transaction charged by Lawyers Title Insurance Corporation pursuant to the Final Judgments entered in Pule of the State of California v LandAmerica Financial Group. Inc.. et al Sacramento Superior Court Case No. 92 AS 06111, and Taylor, et al. v. LandAmerica Financial Group, Inc et al.,Los Angeles Superior Court Case No. BC 231917. You are eligible for this $20.00 reduction in your title or escrow fees if you meet the following requirements: 1. You are a natural person or trust; 2. Your transaction involves the purchase, sale or refinancing of residential real property containing one - to -four -dwelling units; 3. You previously purchased title insurance or escrow services involving a transaction which closed between May 19, 1995 and October 8, 2002 from one of the following companies: LandAmerica Financial Group, Inc. Commonwealth Land Title Insurance Company or Commonwealth Land Title Company Lawyers Title Insurance Corporation or Lawyers Title Company First American Title Insurance Company, First American Title Company, First American Title Guarantee Company Fidelity National Financial, Inc. Fidelity National Title Insurance Company Fidelity National Title Company Fidelity National Title Insurance Company of California, Inc. Fidelity National Loan Portfolio Services Ticor Title Insurance Company Security Union Title Insurance Company Chicago Title Insurance Company Chicago Title Company Chicago Title and Trust Company Rocky Mountain Support Services, Inc. California Tracking Service, Inc. Title Accounting Services Corporation 4 You did not receive a $65.00 cash payment from LandAmerica Financial Group, Inc. in the reconveyance fee claims process pursuant to the Final Judgments entered in People of the State of California v. LandAmerica Financial Group Inc et al Sacramento Superior Court Case No. 92 AS 06111, and TTaylor et al v LandAmerica Financial Group Inc et al.,Los Angeles Superior Court Case No. BC 231917. If you meet the foregoing requirements and want the $20.00 fee reduction complete this form and return it to your Lawyers Title Insurance Corporation escrow or title officer. NOTE: If you are eligible for the $20.00 fee reduction please complete and return this form. You must advise us of your eligibility prior to closing in order to receive the $20.00 fee reduction. Name: Address: Please sign and return this Notice to your Title Company �� File No: 09400525 Telephone No: �y File No: 09400525 Notice to Customers You may be eligible for a $20.00 reduction in your title or escrow fees in this transaction charged by Lawyers Title Insurance Corporation pursuant to the Final Judgments entered in people of the State of California v LandAmerica Financial Group. Inc et al.,Sacramento Superior Court Case No. 92 AS 06111, and Taylor. et al. v. LandAmerica Financial GrouI2 Inc et al.,Los Angeles Superior Court Case No. BC 231917. You are eligible for this $20.00 reduction in your title or escrow fees if you meet the following requirements: 1. You are a natural person or trust; 2. Your transaction involves the purchase, sale or refinancing of residential real property containing one - to -four -dwelling units; 3. You previously purchased title insurance or escrow services involving a transaction which closed between May 19, 1995 and October 8, 2002 from one of the following companies: LandAmerica Financial Group, Inc. Commonwealth Land Title Insurance Company or Commonwealth Land Title Company Lawyers Title Insurance Corporation or Lawyers Title Company First American Title Insurance Company, First American Title Company, First American Title Guarantee Company Fidelity National Financial, Inc. Fidelity National Title Insurance Company Fidelity National Title Company Fidelity National Title Insurance Company of California, Inc. Fidelity National Loan Portfolio Services Ticor Title Insurance Company Security Union Title Insurance Company Chicago Title Insurance Company Chicago Title Company Chicago Title and Trust Company Rocky Mountain Support Services, Inc. California Tracking Service, Inc. Title Accounting Services Corporation 4. You did not receive a $65.00 cash payment from LandAmerica Financial Group, Inc. in the reconveyance fee claims process pursuant to the Final Judgments entered in People of the State of California v. LandAmerica Financial Group, Inc., et al Sacramento Superior Court Case No. 92 AS 06111, and Taylor, et al. v. LandAmerica Financial Groun Inc et al.,Los Angeles Superior Court Case No. BC 231917. If you meet the foregoing requirements and want the $20.00 fee reduction complete this form and return it to your Lawyers Title Insurance Corporation escrow or title officer. NOTE: If you are eligible for the $20.00 fee reduction please complete and return this form. You must advise us of your eligibility prior to closing in order to receive the $20.00 fee reduction. Name Address: Telephone No: m� J. q r m Title Officer: Order. 9400525 Comment: Y b ARBUTUS ST. t0 ^Ep Y• A rn rA I I e • A. Cy '' p.5� LOS ANGELES,CA Document: Assessor -Map 6310.23 Page 1 of 2 Printed on 12/13/2005 7:48:07 AM Provided by Data Trace System CALIil ' F O RN I A REAL ESTATE TRANSFER DISCLOSURE STATEMENT 4& ASSOCIATION _ItOF REACTORS a' (CALIFORNIA CIVIL CODE §1102, ET SEQ) (C.A.R. Form TDS, Revised 10/03) THIS DISCLOSURE STATEMENT CONCERNS THE REAL PROPERTY SITUATED IN THE CITY OF Huntington park , COUNTY OF Los Angeles , STATE OF CALIFORNIA, DESCRIBED AS 2915 S. 60th place N8, Huntington park, CA 50255 THIS STATEMENT IS A DISCLOSURE OF THE CONDITION OF THE ABOVE DESCRIBED PROPERTY IN COMPLIANCE WITH SECTION 1102 OF THE CIVIL CODE AS OF (date) IT IS NOT A WARRANTY OF ANY KIND BY THE SELLER(S) OR ANY AGENT(S) REPRESENTING ANY PRINCIPALS) IN THIS TRANSACTION, AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PRINCIPAL(S) MAY WISH TO OBTAIN. I. COORDINATION WITH OTHER DISCLOSURE FORMS This Real Estate Transfer Disclosure Statement is made pursuant to Section 1102 of the Civil Code. Other statutes require disclosures, depending upon the details of the particular real estate transaction (for example: special study zone and purchase -money liens on residential property). Substituted Disclosures: The following disclosures and other disclosures required by law, including the Natural Hazard Disclosure Report/Statement that may include airport annoyances, earthquake, fire, flood, or special assessment information, have or will be made in connection with this real estate transfer, and are intended to satisfy the disclosure obligations on this form, where the subject matter is the same: ❑ Inspection reports completed pursuant to the contract of sale or receipt for deposit. ❑ Additional inspection reports or disclosures: II. SELLER'S INFORMATION The Seller discloses the following information with the knowledge that even though this is riot a warranty, prospective Buyers may rely on this Information in deciding whether and on what terms to purchase the subject property. Seller hereby authorizes any agent(s) representing any principal(s) in this transaction to provide a copy of this statement to any person or entity in connection with any actual or anticipated sale of the property. THE FOLLOWING ARE REPRESENTATIONS MADE BY THE SELLER(S) AND ARE NOT THE REPRESENTATIONS OF THE AGENT(S), IF ANY. THIS INFORMATION IS A DISCLOSURE AND IS NOT INTENDED TO BE PART OF ANY CONTRACT BETWEEN THE BUYER AND SELLER. Seller 0 is ❑ is not occupying the property. A. The subject property has the items checked below (read across) Range Oven ®`Microwave Dishwasher ❑ Trash Compactor fU Garbage Disposal 9Washer/Dryer Hookups Rain Gutters JR Burglar Alarms f "Smoke Detectors) ❑ Fire Alarm V. Antenna [9 Satellite Dish ❑ intercom Central Heating LTCentral Air Conditioning ❑ Evaporator Cooler(s) ❑ Wall/Window Air Conditioning EaSprinklers 2 Public Sewer System ❑ Septic Tank ❑ Sump Pump I Patio/Decking ❑ Water Softener ❑ BuHt-in Barbecue ❑Gazebo ❑ Sauna ❑ Hot Tub ❑ Locking Safety Cover' (RPool fgChild Resistant Barrier* ❑ Spa [] Locking Safety Cover* ❑ Security Gate(s) RAutomatic Garage Door Opener(s)' Q Number Remote Controls Garage: Attached ❑ Not Attached ❑ Carport Pool/Spa eater: ❑ Gas ❑ Solar ❑ Electric Water Heater: ❑ GasWater Heater Anchored, Braced, or Strapped* ❑ Private Utility or Water Supply: ["City BWell Other Gas Supply: ❑ Utility ❑ Bow [Rwindow Screens ❑ Window Security Bars ❑ Quick Release Mechanism on Bedroom Windows' Exhaust Fan(s) in 220 Volt Wiring in Fireplace(s) in e- w (Loos ❑ Gas Starter : Roo s ❑ Other: K) Type: _� . «�� I c �- , * E Age: </ y,z s _ (aPProx. ) Are there, to the best of your (Seller's) knowledge, any of the above that are not in operating condition? g Yes ❑ No. If yes, then describe. (Attach additional sheets if necessary): t11Js0tLc , F ht,4>%5L JS A,, 0-t-l.,.aJGa -q-t 16 _0/, 17- r, fr=,1 i J J .4 1 ,for I 1-see rootnote on page 2) The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. Copyright ® 1991-2003, CALIFORNIA ASSOCIATION OF REALTORSO, INC. ALL RIGHTS RESERVED. TDS REVISED 10/03 (PAGE 1 OF 3) REAL ESTATE TRANSFER 01 Agent: Luis H. Lara Phone: Broker: Century 21 Alistars P.O. Box 217, Maywood Buyer's Initials (_ 1: — ) ( ) Seller's IrAbMF Reviewed by Date ;CLOSURE STATEMENT 7024 Fax:( ) 1 OF 3 2 D"ONTUMTulatG orver Prepared using WINForms® software Property Address: 2915 a. 601:h Place #8, Huat:ln_ton Park Ca 90255 Date B. Are you (Seller) aware of any significant defects/malfunctions in any of the following? ❑ Yes R[ No. If yes, check appropriate space(s) below. ❑ Interior Walls ❑ Ceilings ❑ Floors ❑ Exterior Walls ❑ Insulation ❑ Roof(s) ❑ Windows ❑ Doors ❑ Foundation ❑ Slab(s) ❑ Driveways ❑ Sidewalks ❑ Walls/Fences ❑ Electrical Systems ❑ Plumbing/Sewers/Septics ❑ Other Structural Components (Describe: If any of the above is checked, explain. (Attach additional sheets if necessary): "This garage door opener or child resistant pool barrier may not be in compliance with the safety standards relating to automatic reversing devices as set forth in Chapter 12.5 (commencing with Section 19890) of Part 3 of Division 13 of, or with the pool safety standards of Article 2.5 (commencing with Section 115920) of Chapter 5 of Part 10 of Division 104 of, the Health and Safety Code. The water heater may not be anchored, braced, or strapped in accordance with Section 19211 of the Health and Safety Code. Window security bars may not have quick release mechanisms in compliance with the 1995 Edition of the California Building Standards Code. C. Are you (Seller) aware of any the following: 1. Substances, materials, or products which may be an environmental hazard such as, but not limited to, asbestos, formaldehyde, radon gas, lead -based paint, mold, fuel or chemical storage tanks, and contaminated soil or water on the subject property . ❑ Yes Q No 2. Features of the property shared in common with adjoining landowners, such as walls, fences, and driveways, whose use or responsibility for maintenance may have an effect on the subject property ................. ❑ Yes 0 No 3. Any encroachments, easements or similar matters that may affect your interest in the subject property ......... ❑ Yes B No 4. Room additions, structural modifications, or other alterations or repairs made without necessary permits....... ❑ Yes [@-No 5. Room additions, structural modifications, or other alterations or repairs not in compliance with building codes.... ❑ Yes 0 No 8. Fill (compacted or otherwise) on the property or any portion thereof .................................... ❑ Yes RNo 7. Any settling from any cause, or slippage, sliding. or other soil problems ................................. ❑ Yes ,9 No 8. Flooding, drainage or grading problems......................................................... ❑ Yes Q�No 9. Major damage to the property or any of the structures from tire, earthquake, floods, or landslides ............. ❑ Yes *No 10. Any zoning violations, nonconforming uses, violations of "setback" requirements ......................... ❑ Yes 2No 11. Neighborhood noise problems or other nuisances ........................................... ❑ Yes E�No 12. CCBR's or other deed restrictions or obligations ............................................ ❑ Yes ,allo 13. Homeowners' Association which has any authority over the subject property ............................ ® Yes ❑ No 14. Any "common area" (facilities such as pools, tennis courts, walkways, or other areas co -owned in undivided interest with others) . ® Yes ❑ No 15. Any notices of abatement or citations against the property ........................................ ❑ Yes JR'No 18. Any lawsuits by or against the seller threatening to or affecting this real property, including any lawsuits alleging a defect or deficiency in this real property or "common areas" (facilities such as pools, tennis courts, walkways, or other areas, co -owned in undivided interest with others) ............................................ ❑ Yes ,�3 No If the answer to any of these is yes, explain. (Attach additional sheets if necessary): Seller certifies that the information herein ie true and correct to the best of the Seller's knowledge as of the date signed by the Seller. L�� I r Ricardo Cerda Date Z ' / Seller Date _ 121 Copyright O 1991-2003, CALIFORNIA ASSOCIATION OF REAITORSO)Buyer's Initials ( '�) ( ) , INC. Reviewed by Date [aw¢xousac TDS REVISED 10/03 (PAGE 2 OF 3) evrowruMTv REAL ESTATE TRANSFER DISCLOSURE STATEMENT (TDS PAGE 2 OF 3) Property Address: 2915 R. 60th Place /S, Huntington Park, CA 90255 Date: III. AGENT'S INSPECTION DISCLOSURE (To be completed only if the Seller is represented by an agent in this transaction.) THE UNDERSIGNED, BASED ON THE ABOVE INQUIRY OF THE SELLER(S) AS TO THE CONDITION OF THE PROPERTY AND BASED ON A REASONABLY COMPETENT AND DILIGENT VISUAL INSPECTION OF THE ACCESSIBLE AREAS OF THE PROPERTY IN CONJUNCTION WITH THAT INQUIRY, STATES THE FOLLOWING: ❑ Agent notes no items for disclosure. ❑ Agent notes the following items: Agent (Broker Representing Seller) century 21 All —Ara By Date (Please Print) (Associate Licensee or Broker Signature) Luis H. Lars IV. AGENTS INSPECTION DISCLOSURE (To be completed Only if the agent who has obtained the offer is other than the agent above.) THE UNDERSIGNED, BASED ON A REASONABLY COMPETENT AND DILIGENT VISUAL INSPECTION OF THE ACCESSIBLE AREAS OF THE PROPERTY, STATES THE FOLLOWING: ❑ Agent notes no items for disclosure. Agent notes the following items: "` nr .J vC.b ou 3/Lp dG rslll • l'J W.�ri . ,✓ "� £rG ,�v 6 1 1- • i J ✓4'i✓ i 'a7 00/t•a Ni i AJ �"tJ l.�F /�- �R,. ti � f Agent (Broker Obtaining the Offer) .I4s'.0,4 < nt) jN'ir" By � Date (Pleasera c-i4G� pis` r hdJ'O� icensee or Broke ure) 4 $?4 . V. BUYER(S) AND SELLER(S) MAY WISH TO OBTAIN PROFESSIONAL ADVICE AND/OR INSPECTIONS OF THE PROPERTY AND TO PROVIDE FOR APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN BUYER AND SELLER(S) WITH RESPECT TO ANY ADVICE/INSPECTIONS/DEFECTS. I/WE ACKN DGE REC PT OF A COPY OF THIS STATEMENT. Date Buyer Date Ricardo Cerda Seller Date Buyer Agent (Broker Representing Seller) _ ceacury 2i J1 �: arsl By _ (Please Print) IL /1h 1=� t iis•S i C p{ ! Y� r7' 91}�,t Agent (Broker Obtaining the Offer) �'Yr' •JQt,�/1/'� JF . f '//6j d+ r (Please Print) y — icensee or Lute H. or Date Date Date SECTION 1102.3 OF THE CIVIL CODE PROVIDES A BUYER WITH THE RIGHT TO RESCIND A PURCHASE CONTRACT FOR AT LEAST THREE DAYS AFTER THE DELIVERY OF THIS DISCLOSURE IF DELIVERY OCCURS AFTER THE SIGNING OF AN OFFER TO PURCHASE. IF YOU WISH TO RESCIND THE CONTRACT, YOU MUST ACT WITHIN THE PRESCRIBED PERIOD. A REAL ESTATE BROKER IS QUALIFIED TO ADVISE ON REAL ESTATE. IF YOU DESIRE LEGAL ADVICE, CONSULT YOUR ATTORNEY. THtS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS@ (C.A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONSIF YOU DESMtE LEGAL OR TAX ADVICE. CONSULT AN APPROPRIATE PROFESSIONAL. . This form Is avaaable for use by the entire real estate industry. a Is not intended to Identify the user as a REALTOfft. REALTOR@ is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS* who subscribe to its Code of Ethics. N• , Published by the 'NE for ems., California Association of REALTORSO 121 ew TDS REVISED 10/03 (PAGE 3 OF 3) Rev[ ed by Date rov�atiuN!ry REAL ESTATE TRANSFER DISCLOSURE STATEMENT (TDS PAGE 3 OF 3) T805203 I.Z.FX 01/30/2006 15:04 FAX 562 863 0402 Q 003/009 ,-1 C A L I F O R N I A REAL ESTATE TRANSFER DISCLOSURE STATEMENT • ASSOCIATION OF REALTORS`s' (CALIFORNIA CIVIL CODE §1102, ET SEQ) (C.A.R. Form TDS, Revised 10103) THIS DISCLOSURE STATEMENT CONCERNS THE REAL PROPERTY SITUATED IN THE CITY OF _ RuntInaton Park , COUNTY OF Los Angoles , STATE OF CALIFORNIA, DEEICRISEDAS 2913 S. 60th Plaai_ IB, Sunt3ngtoa Park, t'.A 90233 TH S STATEMENT IS A DISCLOSURE OF THE CONDITION OF THE ABOVE DESCRIBED PROPERTY IN COMPLIANCE WITH SECTION 1102 OF THE CIVIL CODE AS OF (daft) . IT IS NOT A WARRANTY OF ANY KIND BY THE SELLER(S) OR ANY AGENT(S) REPRESENTING ANY PRINCIPAL(S) IN THIS TROWSACTION, AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PRINCIPAL(S) MAY Wt-;H TO OBTAIN. I. COORDINATION WITH OTHER DISCLOSURE FORMS Thi a Real Estate Transfer Disclosure Statement Is made pursuant to Section 1102 of the CM Code. Other statutes require disclosures, delr3nding upon the details of the particular real estate transaction (for example: spacial study zone and purchase -money liens on residential property). Su : stltuted Disclosures: The following disclosures and other disclosures required by low, including the Natural Hazard Disclosure Re:ort/Statement that may Include airport annoyances, earthquake, We, flood, or special assessment information, have or will be made in c rxmection with this real estate transfer, and are Intended to satisfy the disclosure obligations on this form, where the subject matter is the same: ❑ Inspection reports completed pursuant to the contract of sale or receipt for deposit. ❑ Additional inspection reports or disclosures: _ It. SELLER'S INFORMATION TMn Seller discloses the following information wile the knowledge that even though this is not a warranty, prove Buyers may rely on this in/ormation in 4aciding whether snd on what terms to purchase the subled property. seller hereby aulorhas any agerit(s) representing any principals) In this tra n section to provide a copy of this stelan.ard to any person or andy In connection wtih any actual or anticipated sale of the property. TV E FOLLOWING ARE REPRESENTATIONS MADE BY THE SELLER($) AND ARE NOT THE REPRESENTATIONS OF THE AGENT(S), IF ANY. THIS INFORMATION W A DISCLOSURE AND 19 NOT INTENDED TO BE PART OF ANY CONTRACT BETWEEN TI- IE BUYER AND SELLER. Sel er 0 is ❑ is not occupying the property. A. The subject property has the Rents eMeked below (read scross) (ebhwasher 0 Trash perba9s Disposal 91VssherlDryer Hookups gRain Butlers Ilurglsr Alarms Smoke Detsckn(s) Fie Alarm 7.V. Antenna SaMIMU Dish Inlerwin 19 i:ential Heating Central ter Conditlonho Evaporator Coolers) ❑'NaMNYIndow Air Conditioning Sprinklers Public Sawei System ❑ ;Depec Tank sump imp Water Softener Patio/Decking 18u" Barbecue Gazebo ;Suns p blot Tub p Locking Safety Cover' (kPooi QChNd Resl tent Barr** Spa ❑ Loaning Safety Covar• ❑ .3eraxlty Gete(s) RAlulmnelc Garage Door Operner(sp Number Remote Controls � Gills": tZAttaared Not Attached carport Pc ol/Spa ater: ❑ Gas soar Electric W Ater Heater: p Gas Water Beater Anchored, Braced, or strapped• p Private Uft or W titer supply: ®'city 9wall Other Calk Supply: ❑ UWV p Bottled ® AVindgw screens p Widow Security Bars p Ouick Relesse Mechanism on Bedroom W ndows- En Itaust Fan(s) in 220 Volt Wiring in Fkbplace(s) in too n. ❑ ^ass Starter Roof(s): Type: C. o..y I * E Age; rj/ y#st _ (approx. ) Dow: At it there. to the hest of your (Seller's) knowledge, any of the above that are not in operating condNonT U Yes ❑ No. If yes, then describe. (Attach a0filonal sheets if necesearyy i r AICArOL .c i°l tdr+ 95cl t AJ 513 V4 ,:rt A L YF'.44nr, (-!hss footnote on pegs 2) no. copyright laws of Ow Un*W StOn (TWe 17 U.S. Cods) forbid 9m sowers khltieis 1 ) ( ) ur t ushonzed reproduction or ttws form, or any portion thereon, by photimpy m h:thine or any other msera, knckrd�g heairmss or comsrler putd romhets. SOWS copyright 0 1991-2003, CALIFORMA ASSOCIATION OF REALTORSO, Revhwed pals IN.:. ALL RIGHTS RESERVED. � T:18 REVISED 10103 (PAGE 1 OF 3) a ►„w,r REAL ESTATE TRANSFER DISCLOSURE STATEMENT ffDS PAGE 1 OF 3 ,manor, p nt: Luis H. Lara Poona: (323) NO-7624 Fax: () Prepared using WlWormsS software �I 1i•oker: Century 21 Allsters P.O. Box 217. Wwraad. CA sma 01/30/2006 15:05 FAX 562 863 0402 IM004/009 ProlmwtyAddress: 2113 H. 60th llaas as, 233 Date: B. 0%re you (Seller) aware of any significant defects/malfunctlons in any of the following? ❑ Yes l' No. if yes, check appropriate i:pace(s) below. ❑ I-terior Walls ❑ Ceilings Floors ❑ Exterior Walla ❑ insulation ❑ Roof(s) ❑ Wind ❑ ❑ Windows[] Doors Foundation ❑ Slab(s) ❑ Oriveways ❑ Sidewalks �[] Waft/Fences ❑ Electrical Systems ❑ Plumbing/Sewers/Septics ❑ Other Structural Components (Dr: ncribs: 1 If arty of the above is checked, explain. (Attach additional sheets if necessery): 'This garage door opener or child resietarrt pod barrier may not be in compliance with the safety standards relating to automatic rep owsing devices as set forth In Chapter 12.5 (commencing with Section 19890) of Part 3 of Division 13 of, or with the pod safety stE ndards of Article 2.5 (commencing with Section 115920) of Chapter 5 of Part 10 of Division 104 of, the Health and Safety Code. The water heater may not be anchored, braced, or shapped in accordance with Section 19211 of the Health and Safety Code. Window se .urity bars may not have quick release mechanisms in compliance with the 1995 Edition of the CaMfomta Building Standards Code. C. Are you (Seller) aware of any the IbNowing: 1. Substances, materials, or products which may be an environmental hazard such as, but not limited to, asbestos, formaldehyde, radon gas, lead -based paint, mold, fuel or chemical storage tanks, and contamineW soil or water on the subject property .......................... ***** ❑Yes !Vo 2. Features of the property shared in common with ac' g landovrners, such as wafts, fences, and driveways. whose use or responsibility for mairdensnce may have an effect on the &*led properly ................. ❑ Yes a No 3. Any encroachments, easements or similar matters that may affect your interest in the subjed property ......... ❑ Yes 10 No 4. Room additions, structural nxx#kadww, or other alterations or repairs made without necessary permits....... [] Yes [WNo S. Room additions, airucturai modNfcations, or other alterations or repairs not in compliance with building codes.... ❑ Yes Q No G. Fill (compacted or othetvAss) on the property or any portion thereof .................................... ❑ Yes FJNo 7. Any setting from any cause, or slippage, sliding. or other soft problems ................................. ❑ Yes ^@ No B. Flooding, drainage or grading problems......................................................... ❑ Yes jgNo 9. Major damage to the property or any of the structures from fire, earthquske, floods, or landalkies ............. ❑ Yes &NO 10. Any zoning vichMons, no► cor wming uses, violations Of'eelbadk' requirements ......................... 11. Neighborhood nolse problems or otw nuisances ........................................... 12. CC&R's or other deed restrlaions or obligations ............................................ ❑ Yes JTNo ❑ Yes aft ❑ Yes Jaft 13. Homeowners' Association which has any authorittr over the subject property ............................ eyes ❑ No 14. Any "common area' (facilities such as pods, tennis courts, walkways, or other Gress co -owned In undivided Interest with others)............................................................... ® Yes ❑ No 15. Any notes of abatement or citations against the property ........................................... ❑ Yes Bt4o 16. Any lawsuits by or against the se1W threatoft to or affecting this real property, inctrding any lawsuits alleging a defect or deficiency in this meal property or "common areas" (faciNNes such as pools, tennis courts, walkways, or other areas, co -owned in undivided Interest with ot+are)............................................ ❑ Yes O No If the anger to any of these is yes, explain. (Attach additional sheets If necessary): Miter iter cantinas that the Information Mein true and correat to the bat of the Seller's knowledge as d the dab syined by tin S**w. c f ' Deb J Z- ' '^J Ricardo Cord& offer Date e�yks Inhtl�ht l i ( } Cc IVW O 1991-2003. CALIFORNIA ASSOCIATION OF REALTf P40, INC. T = j' RavNr»d by Data �t TI38 REVISED 10/03 (PAGE 2 OF 3) °u5ra.rr REAL ESTATE TRANSFER DISCLOSURE STATEMENT (TDS PANE 2 OF 3) 01/30/2006 15:06 FAX 562 863 0402 IM005/009 -Pro:erty:Address: 2915 R. 60th Plsoe to, faneington Pask CA 90255 Date: �Z 7-OS— IN. AGENTS INSPECTION DISCLOSURE (To be completed only if tits Sager is represented by an agent in he trsnseclon.) THE UNDERSIGNED, BASED ON THE ABOVE INQUIRY OF THE SELLS (S) AS TO THE CONDITION OF THE PP OPERTY AND BASED ON A REASONABLY COMPETENT AND DUGENT VISUAL INSPECTION OF THE AC C,ESSIBLE AREAS OF THE PROPERTY IN CONJUNCTION WITH THAT INQUIRY, STATES THE FOLLOWING: �.>'gent notes no items for disclosure. ❑ . %gent notes the tot owing items: Ago tit (Broker Representing Seller) Crt 21 Allstars By . Lars Date � T - • o.r IV. AGENTS INSPECTION DISCLOSURE (To be compNtad ot4y If the agent who has obtained the offer is other ttan the agent above.) TF I: UNDERSIGNED, BASED ON A REASONABLY COMPETENT AND DILIGENT VISUAL INSPECTION OF THE AC&ESSIBLE AREAS OF THE PROPERTY, STATES THE FOLLOWING: ❑ Igent notes no harts for dlsctoaure. R'rgent notes tine following items Ser► s ^w.: ,3 i4lviLi n AIL..'sai'OF- t7.. . s/L06Gfr11(• Fi�'i�+T .71�Is.. ti'i14.! t7~y /l'� Apt it (Broker Obtaining fhe Offs) 4-01j ,4 i=✓ru.;�N�� Br (rH4N ��r• �ldro .�t� ass or ) Date r77 .& a V. BUYER(S) AND SELLER(8) MAY WISH TO OBTAIN PROFE S810NAL ADVICE ANDlOR IN8PEC71ONS OF THE PFOPERTY AND TO PROVIDE FOR APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN BUYER AND SELLER(S) WITH RESPECT TO ANY ADVICEIMISPECTIONSIDEFECTS. UYIE !ACKN DCiE REC �OF�A COPY OF THIS STATEMENT. Aieaado C.r40 Date► _ Se w Date Ag )lt (Broker Reprew*V Saw) (Room L Ale t iitUi t C Gq{.rbC Agwit (Broker Obtaining the Offer) W"— ( t Buyer Date Date Date O f Date lx 4'*'_OV SECTION 1102.3 OF THE CIVIL CODE PROVIDES A BUYER WITH THE t1IONIT TO RESCIND A PURCHASE CONTRACT FOR AT LEAST THREE DAYS AFTER THE DELIVERY OF THIS DISCLOSURE IF DELIVERY OCCURS AF TER THE SIGNING OF AN OFFER TO PURCHASE, IF YOU WISH TO RESCIND THE CONTRACTY WITHIN THE PRESCRIBED PERIOD. , OU MUST ACT A REAL ESTATE BROKER IS QUALIFIED TO ADVISE ON REAL ESTATE. IF YOU DESIRE LEGAL ADVICE, CONSULT YOUR ATTORNEY. TPRC Hk" FORM HAS BEEN APPROVED BY THE CALIFORNIA ESTATE AS SOCNTION OF REALTORBe (C.A.R.). NO REPRESENTATION IS 1eA0E AS TO THE LEGAL VAlgnY OR ADEQUACY OF ANY Cot VISION eV ANY SPECIFIC lWES ONAL A REAL ESTATE a11011ER {S TIE PERSON OUAL�IEp To ADVISE E REAL ESTATE TRANSACTIONS. IF YOU LKM R AD OR TAX OFANADVICE. COI C3M I AN APPIll IM u TE y 0% Wd a1 " 61DESM Ron I7rm k iN W by eM w1ln cool EAL OR90kukabN k• b l ft toid b led@ of eN I.N M S REALTORe, REALTORe M n0�d (mNottlYo mxnhorahip mark wAid+ moy M wW oNY by mran I�rs of Ifh NATIONAL ASSOCIATION OF REALTORSe Wb tublphp� b IN Cod. arEMks. s M- • Published by the —__"�' Callfomis Asaodation of REALTORSO Q TO I REVISED 1fND3 (PAGE 3 OF 3) ROVW"wd °jt Oi1e IIM RM ESTATE TRANSFER DISCLOSURE STATEi>ENT (T'DS PAGE 3 OF 3) T805203I -ZFX CERTIFICATE STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES) I, Bruce V. Malkenhorst, Jr., Acting City Clerk of the City of Vernon, County of Los Angeles, State of California, hereby certify.that the attached is a full and complete copy of: Resolution No. 8944 - A Resolution of the City Council of the City of Vernon Approving and Ratifying the Execution of a Residential Purchase Agreement and Joint Escrow Instructions and Counter Offer for Purchase of Real Estate By and Between the City of Vernon and Ricardo Cerda for Property Located at 2915 E. 60th Place Unit S in Huntington Park, California IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of the City of Vernon, County of Los Angeles, State of California, on this 5th day of January 2006. SEAL: Bruce V. Malkenhorst, Jr. Acting City Clerk 1 RESOLUTION NO. 8944 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND RATIFYING THE EXECUTION OF A 4 RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW 5 INSTRUCTIONS AND COUNTER OFFER FOR PURCHASE OF REAL ESTATE BY AND BETWEEN THE CITY OF VERNON AND 6 RICARDO CERDA FOR PROPERTY LOCATED AT 2915 E. 60TH PLACE UNIT S IN HUNTINGTON PARK, CALIFORNIA 7 8 9 WHEREAS, the City of Vernon desires to purchase certain real 10 property in the City of Huntington Park consisting of a two bedroom 11 condominium unit consisting of approximately 1407 square feet, together 12 with all existing structures and improvements, commonly known as 2915 13 E. 60th Place Unit S, Huntington Park, California 90255 (the "Property") 14 from Ricardo Cerda ("Cerda") for the sum of $351,000.00; and 15 WHEREAS, the City desires to purchase the Property from 16 Cerda on negotiated terms, which the City has determined to be fair 17 and reasonable; and 18 WHEREAS, in order to meet the urgent need for the Property, 19 the Chief Assistant City Attorney executed a Residential Purchase 20 Agreement and Joint Escrow Instructions and Counter Offer No. 1 dated 21 November 30, 2005 (collectively, the "Agreement"), subject to 22 ratification by.the City Council; and 23 WHEREAS, the City Council desires to approve and ratify the 24 actions of the Chief Assistant City Attorney in negotiating, executing 25 and authorizing the payment of an initial deposit under the terms and 26 conditions of the Agreement with Cerda. 27 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 28 CITY OF VERNON AS FOLLOWS: 1 2 3 4 5 6 7 8 9 10 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true (land correct. SECTION 2: The City Council of the City of Vernon hereby ratifies the execution of the Residential Purchase Agreement and Joint Escrow Instructions and Counter Offer No. 1 November 30, 2005, a copy of which is attached hereto as Exhibit A and incorporated by reference. SECTION 3: The City Council of the City of Vernon hereby approves and ratifies the payment of the initial deposit of $10,500.00 in accordance with the terms of the Agreement. SECTION 4: The City Council of the City of Vernon hereby authorizes the Acting City Clerk, or his designee, to execute any and all documents as shall be required to complete the purchase of the Property and to accomplish the close of escrow consistent with the terms of said Agreement. SECTION 5: The Acting City Clerk of the City of Vernon shall certify to the passage of this resolution, and thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 4th day of January, 2006. ATT T: BRUCE V. MALKENHORST, JR. acting City Clerk - 2 - THOMAS A. YBARRA, Mayor Pro-Tem 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, BRUCE V. MALKENHORST, JR., Acting City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 8944, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Wednesday, January 4, 2006, and thereafter was duly signed by the Mayor Pro Tem of the City of Vernon. f E V. MALKENHORST, JR. Acting City Clerk (SEAL) - 3 - EXHIBIT A :6i ASSOCIATION OF REALTORSO Date _�(i y. gyp, oZ O 0—r , at 3 4 1. OFFER: A. TM IS AN OFFER FROM B. THE REAL PROPERTY_TO BE ACQUIRED is r C. THE "r-WULN I IAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS For Use With Single FamNy Residential Property — Attached or Detached (C.A.R. Form RPA-CA, Revised 10/02) /4 F1-- YA� VEI2�Y��' . California. ('Buyer"). 8S / .S'" �.r n .. . Assessor's Parcel NoCounty of , v��ftuated in D. CLOSE OF ESCROW shall occur on _ Mars t . 2 FINANCE TERMS: Obtaining the bans below is a contingency of this (darn te)(or ❑ Days After Aoceptan e). (11) otherwise agreed in writing. Buyer shall ail dii nt and in Agreement unless: (I) either 2K or 2L is checked below; or payment and closing costs Is not a contingency.� IY good faith to obtain the designated loans. Obtaining deposit, down A. INITIAL DEPOSIT: Buyer has given Buyer represents that funds will be good when deposited with Escrow Holder to the agent submitting the offer or too sit in the amount of ........................... $ tit (or ❑ — 1 made payable to ; by personal check which shall be held uncashed until Acceptance and then ' Acceptance (or ❑ deposited within 3 business days after Escrow Holder, (or O into Broker's must acoount). with B. INCREASED DEPOSIT: Buyer strap deposit with Escrow Holder an within Days After Acceptance, or O Increased deposit In the amount of C. FIRST LOAN IN THE AMOUNT OF (1) NEW First Deed of Trust In favor of fender, encumbering the Property, securing ab . maximum interest of % fixed rate, or a note payable at Interest rate of %, balance due in s, i mot die rate with a maximum shall pay ban fees/poinfs not to exceed Years' amortized over years. Buyer Is conventional, FHA or VA.) terms apply designated loan (2) ❑ FHA ❑ VA: (The following terms only apply to the FHA or VA loan that is checked.) 6 Pay other fees not allowed to be Seller shall pay % discount points. Seller shall (including those for wood • Seller shag pay the cost of lender required Repairid s exceed $ �g POW) not otherwise provided for to this Agreement, ❑ not b funding fees or d ' (�� ant may increase if mortgage insurance premiums, na costs are fi—n,. d.) D. ADDI77ONet_ FrNeM"wi •.•rj....._ r, - - ....$� E. BALANCE OF PURCHASE PIECE (not Irx;Nxirlg costs d obtaiN V bans and atlter to be deposited with Escrow Hokfer within suf dent time to dose escrow: doetrtg oasts) in the amount of ...$339, 0 .O F PURCHASE PRICE (OT G. LOAN APPLICATIONS: Within 7 ��on $ O�OvO O ............... mortgage �n broker stating that. a review of Buye s Acceptance. Kati shag provide Seller a letter from lender or preapproved for NEW ban ,specify In 2C above. application and credit report, Buyer is prequalified or 1I' PAYMENTAND CLOOM COST& B er or Buyer's IBrTder or loan broker 7 (or Da s After �, p written verification is r pursuant to 2G) shag, within L LO CONTI GENCY REMOVAL. (1) VJ Mn 17 (or payment and dosing costs, 14. remove the loan contingency or cancel this Days After Acceptance, Buyer shall, as specified in paragraph until the designated loans are funded. me t; OR (10 (if checked) O the ban contingency shall remain in effect J. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (OR, if appraising at no less than the spedtied price. H there is a bancheckerj NOT) contingent upon the Property removed (or, If checked, ❑ within 17 (or Days After Acceptance), contingency, at the time the loan contingency is the appraisal contingency or cancel If 0° Is no bar shall, as specified in paragraph 14B(3), remove 1rO removetheappraisalcor>tirTgenCy17 (OI ys loanAftec�Accy,Buyer shall, as specified in paragraph K• CONTINGENCY (If checkagency of this Agreement. If Obtaining in paragraphs 2C, 2D or elsewhere in this Agreement is NOT entitled to Buyer's Buyer does not o�M loan and as a result Buyer does not purchase the Property, Setter L ALL CASH OFFER Y � other legal remedies. (M cfredwo: No ban is roKbd b pusclum the Property Buyer *vA within 7 (or O j Days /� AaWWm. Seller writlen "ribcalion Of su N dent funds to dose ftbs bansacbon. 3. CLOSING AND OCCUPA Y: A. Buyer intends (o not intend) to occupy the Property as Buyers 'B. Seller -coon or vacant property; Pr'i�Y residence. Escrow O on fat Occupancy be delivered to Buyer at ,�_ Afb/r� ❑ on the date of Close Of Days After Close Of Escrow, transfer of title and occupancy do not occur at the same time, Buyer and Seller are (C.A.R. Form PAA, paragraph 2.) If agreement; and (11) consult with their advised to: (1) enter into a written occupancy insurance and legal advisors. TTre oopyripfrt laws of the UMW Stdn (Tib 17 U.B. Code) forbid the una*101,W '�1. 0n of r'l'� p0aw Mom• by PhOWOW ewd*w or cry odw %N•MFOAAASSOCIATiON OF REALTC*0 ` Na AM RiGM W iPA-CA REVISED 10/02 (PAGE OF 8) Print Date BDC Oct 04 BUYER'S COPY Buyer's Initials SeNer'a k>ltiats r. Reviewed by Date r.rr d. C. Tenant -occupied property: (I) Property shall be vacant at least 5 (orE: otherwise agreed in writing.Note to Seller: H You are unable to deliver Property Days Prior to Close Of Escrow,' unless and other applicable La, you may be In brech of this Agreement. vacant in accordance with rent control OR (11) (if checked) ❑ Tenant to remain in possession. The attached addendum is incorporated into this Agreement (C.A.R. Form PAA, paragraph 3.); OR (of the 1 1) (if checked) ❑ This Agreement is contingent upon Buyer and Seller entering into a written agreement regarding occupancy, Property within the time specified in paragraph 1413(1). If no written agreement is reached within this time, either Buyer or Seller may cancel this Agreement in writing. D. At Close Of Escrow, Seiler ass' available Copies. of such warrannttiest Brokers cannoter assiand willot determnable warranty gine he assignability of any warranties. ts for hems included in the sale and all provide any E. At Close Of Escrow, unless otherwise agreed in writing, Seller shall provide keys and/or means to operate all locks, mailboxes, security systems, alarms and garage door openers. If Property is a condominium or located in a common interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association ("HOAJ to obtain keys to accessible HOA facilities. 4. ALLOCATION OF COSTS (If checked): Unless otherwise specified here, this paragraph only determines who is to pay for the report, inspection, test or service mentioned. If not specified here or elsewhere in this Agreement, the determination of who is to pay for any work recommended or identified by any such report, inspection, test or service shall be by the method specified in paragraph 14B(2). A. WOOD DE4;TNG PEST INSPECTION: C (1) BUye ,fin BeIler shall y for an in ion and report for wood destroying pests and organisms ("Report") which shall be prepared by e C control company.The Re a registered structural pest port shag cover the accessible areas of the main building and attached structures and, if checked: ❑ detached garages and carports, ❑ detached decks, ❑ the following other structures or areas The Property is a condominium or located in a common interest subdivision, the Report Report shall not include roof coverings. If arate interest and any exclusive -use areas being transferred and shall not include common areas, thernriclude syetagr he ed. Water tests of shower pans on upper level units may not be performed without consent of the owners of property below the shower. OR (2) C (It checked) The attached addendum (C.A.R. Form WPA) regarding wood destroying pest inspection and allocation of cost is incorporated into this Agreement. B. OTHER INSPECTIONS AND REPORTS: (1) ❑ Buyer ❑ Seller shag pay to have septic or private sewage disposal systems Inspected (2) ❑ Buyer ❑ Seller shall pay to have domestic wells tested for water (3) ❑ Buyer%Oeller shall pay for a natural hazard zone disclosure repQtp2paarabft ed productivity (4)�Buyer ❑ Seller shag pay for the following inspection or report P'/rOF0 4 (5) ❑ Buyer ❑ Seller shag pay for he following Inspection or report C. GOVERNMENT REOUIREMENTS AND RETROFIT (1) ❑ Buyer teeller shag pay for smoke detector installation and/or water heater bracing, if required by Law. Prior to Close Of Escrow, Seller hag provide Buyer a written statement of compliance in a (2) n Buyer eller shag pay the cost of compliance with any other minimum mt with stato and local Law, unless exempt. inspecti ns and reports If required as a condition of dosing escrow under any Law. mandatory government retrofit standards, D. ES ROW AND E: (1) ye Iler shall pa escrow fee /-1 -S' .r 7— Escrow (j, Holder shall be W (2) ❑ Buyer ❑ Seller shag pay for owner's title insurance i T Owner's title policy to be issued by Icy wed In 12E 3 O v (Buyer shall pay for any title Insurance E. OTHER COSTS: Pael+ insuring Buyer's lender, unless otherwise agreed In writing.) d ;,1 (1) ❑ Buyer Miler shag pay County transfer tax or transfer fee _;s _ 7 c, fy (2) ❑ Buyer i� Iler shall pay C8y transfer tax or transfer fee (3) 0 Buyer ler shall (4) ❑Buyer Her shag Pay HOA transfer fee ICY HOA document preparation fees (5) ❑ Buyer Her shall pay the cost, not to exceed $ a Issued by , of a one-year home warranty plan, with the following optional coverage (6) ❑ Buyer ❑ Seller shall pay for (7) ❑ Buyer ❑ Seller shall pay for S. STATUTORY DISCLOSURES (INCLUDING LEAD -BASED PAINT HAZARD DISCLOSURES) AND CANCELLATION RIGHTS: A. (1) Seller shag, within he time speed in paragiaph 14A, deliver to if Disclosures and pamphlet ("Lead Disdosu by Law. 11 Federal Lead -Based Paint of he California Civil Code "Statuto ' and a disclosures or notices sectior>,s 1102 et. seq. and 1103 et. seq. Transfer Disclosure Statement ('TDS ),DNS Disclosures Haza d Disc osureStaDisclosu�ementincludeHp area of limited or actual knowledge of release of illegal controlled substance, notice of special tax and/or assessments (or, if allowed, substantially equivalent notice regarding the Mello -Roos Community Facilities Act and Improvement Bond Act of 1915) and, if Seller has actual knowledge, an industrial use and military ordnance location disclosure (C.A.R. Form SSD). (2) Buyer shall, within the time specified in paragraph 14B(1), return Signed Copies of the Statutory and Lead Disclosures to Seller. (3) In the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, information or representations previously provided to Buyer of which Buyer is otherwise unaware, Seller shall promptly provide a subsequent or amended disclosure or notice, in writing, covering those items. However, a subsequent or amended disclosure shall not be required for conditions and material Inaccuracies disclosed In reports ordered and paid for. by Buyer. ;01) phi 01991-20M. CALIFORNIA ASSOCIATION OF REALTORS* WC. IPA -CA REVISED 10//02 (PAGE 2 OF 8) BUYER'S COPY Buyer's Initials Seger°s Irrltlals I t Reviewed by DateMr� (4) If any disclosure or notice specified in 5A(1), or subsequent or amended disclosure or notice is delivered to Buyer after the offer is Signed, Buyer shall have the right to cancel this Agreement within 3 Days After delivery in person, or 5 Days After delivery by deposit in the mail, by giving written notice of cancellation to Seller or Sellers agent. (Lead Disclosures sent by mail must be sent certified mail or better.) (5) Note to Buyer and Seller: Waiver of Statutory and Lead Disclosures Is prohibited by Law. B. NATURAL AND ENVIRONMENTAL HAZARDS: Within the time specified in paragraph 14A, Seller shall, if required by Law: (1) deliver to Buyer earthquake guides (and questionnaire) and environmental hazards booklet; (11) even if exempt from the obligation to provide a NHD, disclose if the Property is located in a Special Flood Hazard Area; Potential Flooding (Inundation) Area; Very High Fire Hazard Zone; State Fire Responsibility Area; Earthquake Fault Zone; Seismic Hazard Zone; and (ill) disclose any other zone as required by Law and provide any other information required for those zones. C. DATA BASE DISCLOSURE: NOTICE: The California Department of Justice, sheriff's departments, police departments serving jurisdictions of 200,000 or more and many other local law enforcement authorities maintain for public access a data base of the locations of persons required to register pursuant to paragraph (1) of subdivision (a) of Section 290.4 of the Penal Code. The data base is updated on a quarterly basis and a source of information about the presence of these individuals in any neighborhood. The Department of Justice also maintains a Sex Offender Identification Line through which inquiries about Individuals may be made. This Is a "900' telephone service. Callers must have specific information about individuals they are checking. Information regarding nneei�gh is not available through the V t 6. CONDOMINIUM/PLANNED UNIT DEVEL DISCLOSURES: g " telephone service. A. SELLER HAS: 7 (or O _____J Days After Acceptance to disclose to Buyer whether the Property is a condominium, or is located in a planned unit development or other common interest subdivision (C.A.R. Form SSD). B. If the Property is a condominium or is located in a planned unit development has 3 or O or other common interest subdivision, Seller ( ) Days After Acceptance to request from the HOA (C.A.R. Form HOA): (1) Copies of any documents required by Law; (11) disclosure of any pending or anticipated claim or litigation by or against the HOA; (119 a statement containing the location and number of designated parking and storage spaces; pv) Copies of the most recent 12 months of HOA minutes for regular and special meetings; and (v) the names and contact infor mation of all HOAs governing the Property (collecdvvey, 'Cl Disclosures'). Seller shall itemize and deliver to Buyer all Cl Disclosures received from the HOA and any Cl Disclosures in Seller's possession, Buyer's approval of Cl Disclosures is a contingency of this Agreement as paragraph 14B(3). trncy 9 specified in .7. CONDITIONS AFFECTING PROPERTY: A. Unless otherwise agreed: (b) the Property is sold (a) In Its PRESENT physical condition as of the date of Acceptance and (b) subject to Buyer's Investigation. rights; (11) the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and (ill) all debris and personal property not included in the sale shall be removed by Close Of Escrow. B. SELLER SHALL, within the ttme specified In paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, Including known insurance claims within the past five years, AND MAKE OTHER DISCLOSURES REQUIRED BY LAW (CJLR. Form SSD), C. NOTE TO BUYER: You are strongly present condition since Seller may of be awaref all deed to conduct ifects affecting ofthe p entire Property a order a determine Its Important. Property improvements may not be built accordingto code in Property or other factors that you have had permits issued, compliance with current Law, or have had D. NOTE TO SELLER: Buyer has the right to inspect the Property and as specified in Information discovered In those inspections: (1) cancel this Agreement; or f paragraph 148, based upon °"W action. ii) request that you make Repairs or take S. ITEMS INCLUDED AND EXCLUDED: A. NOTE TO BUYER AND SELLER: Items listed as Included or excluded in the MLS, flyers or marketing materials are not Included In the purchase price or excluded from the sale unless specified in 8B or C. B. ITEMS INCLUDED IN SALE: 1 All EXISTING fixtures and fittings that are attached to the Property 2 Existing electrical, mechanical, , plumbing and heating fixtures, calling fans, fireplace Inserts. as solar systems, built -In appliances wi ow and door screens awn c logs and grates, television antennas, satellite dishes, private Integrated telephone shutters, window coverings, attached floor coverings, era door � eP�ne systems, air coolers/conditioners, pooUspa equipment, garage openers/remote controls, mailbox, in -ground landscaping, trees/shrubs, water softeners, water purifiers, security systems/alarms; and C� The talowtng Hems: �4•f 1' � r' -i= C-�4 �.�/ '�jo L,'2gry c F J (4 Seller represents that all items included in the purchase price, unless otherwise (5;All items included shah be transferred tree of Liens and without Seller warren gare owned by Seller. C. ITEMS EXCLUDED FROM SALE: �' 9. BUYER'S INVESTIGATK)N OF PROPERTY AND MATTERS AFFECTING PROPERTY. - A. Buyer's acceptance of the condition of, and any other matter affectingthe Pr specified in this paragraph and Property, is a contingency of this Agreement as Buyer's a � 1'�• Within the time specified in paragraph 14B(1), Buyer shall have the right, at Buyer' expense unless otherwise agreed, to conduct inspections, Investigations, tests, surveys and other studies Guyer Investigations*), including, but not limited to, the right to: (1) inspect for lead -based paint and other lead -based paint hazards; (11) inspect for wood destroying pests and organisms; (ill) review the registered sex offender ase; (iv) confirm the datab Insurability of Buyer and the Pro perty; and (v) satisfy Buyer as to any matter specified In the attached Buyer's Inspection Advisory (C.A.R. Form BIA). Without Seller's prior written consent, Buyer shall neither make nor cause to be made: (1) invasive ordestructive Buyer Investigations; or (11) inspections by any governmental building or zoning inspector or government employee, unless required by Law. B. Buyer shall complete Buyer Investigations and, as specified in paragraph 14B, remove the contingency or cancel this Agreement. Buyer shall give Seller, at no cost, complete Copies of all Buyer Invest shall make the Property available for all Buyer Inv y Investigation reports obtained by Buyer. Seller Investigations. possession Seller shall have water, gas, eleari ity and all operable pilot lights on for Buyer's Investigations and thr ough the date possession is made available to Buyer Buyer's Inkials 01901.2004, COMA Seller's INtiaks ( 1 op� AS30CIATION OF RE11LTaRS®, MIC. :PA -CA REVISED 10/02 (PAGE 3 OF 8) Reviewed by Date BUYER'S COPY 10., REPAIRS: Repaits shall be completed prior to final verification of condition unless otherwise agreed in writing. Repairs to be performed at Seller's expense may be performed by Seller or through others, provided that the work complies with applicable Law, including governmental permit, inspection and approval requirements. Repairs shall be performed in a good, skillful manner with materials of quality and appearance comparable to existing materials. It is understood that exact restoration of items following all Repairs may not be possible. Seller shall: (1) obtain receipts for Repairs performed b otherrss;p iiarance or cosmetic statement indicating the Repairs performed by Seller and the date of such Repairs,. and ill y () Prepare a written to Buyer prior to final verification of condition. Pa ( )provide Copies of receipts and statements 11. BUYER INDEMNITY AND SELLER PROTECTION FOR ENTRY UPON PROPERTY: Buyer shall: (1) keep the Property free and clear of liens; (11) Repair all damage arising from Buyer Investigations; and (Ill) indemnity and hold Seller harmless from al resulting liability, claims, demands, damages and costs. Buyer shall carry, or Buyer shall require anyone acting on Buyer's behalf to carry, policies of liability, workers' compensation and other applicable insurance, defending and protecting Seller from liability for any injuries to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow. Seller is advised that certain protections may be afforded Seller by recording a 'Notice of Non -responsibility" (C.A.R. Form NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations under this paragraph shall survive the termination of this Agreement. 12. TITLE AND VESTING: A. Within the time specified in paragraph 14, Buyer shall be provided a current preliminary (title) report, which is only an offer by the title insurer to issue a policy o tide insurance and may not contain every item affecting title. Buyer's review of the preliminary report and any other matters which may affect title are a contingency of this Agreement as specified in paragraph 14B. B. Title is taken In its present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether of record or not, as of the date of Acceptance except: (1) monetary liens of record unless Buyer is assuming those obligations or taking the Property subject to those obligations; and (11) those matters which Seller has agreed to remove in writing. C. Within the time specified In paragraph 14A, Seller has a duty to disclose to Buyer all matters known to Seller affecting title, whether of record or not. D. At Close Of Escrow, Buyer shall receive a grant deed conveying title (or, for stock cooperative or long-term lease, an assignment of stock certificate or of Seller's leasehold interest), including oil, mineral and water rights if currently owned by Seller. Title shall vest as designated In Buyer's supplemental escrow instructions. THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX Co SEQUt=NCES. CONSULT AN APPROPRIATE PROFESSIONAL. E. Buyer shall receive a CLTA/ALTA Homeowner's Policy of Title Insurance. A title company, at Buyer's request, can provide information about the availability, desirability, coverage, and cost of various titre insurance coverages and endorsements. If Buyer desires title coverage other than that required by this paragraph, Buyer shall instruct Escrow Holder in writing and pay any increase in cost. 13. SALE OF BUYER'S PROPERTY: A. This Agreement is NOT contingent upon the sale of an property operty owned by Buyer. r OR S. O (If checked): The attached addendum (C.A.R. Form COP) regarding the contingency for the sale of property owned by Buyer is incorporated into this Agreement. 14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be extended, altered, modified or changed by mutual written agreement. Any removal of contingencies or cancellation under this paragraph must be In writing (C.A.R. Form CR). A. SELLER HAS: 7 (or O __J Days After Acceptance to deliver to Buyer all reports, disclosures and information for which Seller is responsible under paragraphs 4, 5A and 8, 6A, 7B and 12. S. (1) BUYER HAS: 17 (or 0 _ Days After Acceptance, unless otherwise ag reed in writing, to: (i) complete all Buyer Investigations; approve all disclosures, reports and other from Seller, and approve all matters affect the Pr applicable information, which Buyer receives as other information specified in Pares�� h °dab (including lead -based paint and lead -based paint hazards as well (� return to Seller Si ry� insurability of Buyer and the Property); and (2) Within the times peg� Copies of Statuto and Lead Disclosures delivered by Seller in accordance with paragraph 5A. cified in 148(1), Buyer may request that Seller make repairs or take any other action regarding the Property (C.A.R. Form RR). Seller has no oblige to agree to or respond o Buyers requests. (3) By the end of the time led in 148(1) (or 21 for loan contingency or 2J for appraisal contingency), Buyer shall, in writing, remove the contingency (C.A.R. Form CR) or cancel this Agreement. However, lf p) government -man dated Inspections/ reports required as a condition of closing; or QQ Common Interest Disclosures pursuant to paragraph 6B are not made within the time specified in 14A, then Buyer has 5 (or ❑ _� Days After receipt of any such items, or he time specified in 148(1), whichever is later, to remove he applicable contingency or, canoe) this Agreement in writing. C. CONTINUATION OF CONTINGENCY OR CONTRACTUAL OBLIGATION; SELLER RIGHT TO CANCEL: (1) Seller right to Cancel; Buyer Contingencies: Seller, after first giving Buyer a Notice to Buyer to Perform (as speed below), may cancel this Agreement in writing and authorize return of Buyers -•deposit If, b the time s Agreement, Buyer does not remove In writing the applicable contingencyy Pew in his have been removed, failure of either Buyer or Seller to dose escrow on time cancel ylbee a brreraachh of his Ag Agreemall ent. (2) Continuation of Contingency: Even after the expiration of the time to Seller, remove in writs the specified in 14B, payer retains the right to make requests rig applicable contingency or cancel this Agreement ur N Seller cancels pursuant to 14C(i). Once Seller receives Buyer's written removal of all contirVe es, Seller may not cancel his Agreement (3) Seller right to Cancel; Buyer Contract Obligations: Seller, after first giving Buyer ce to Buyersuant r to Perform (as specified below), may cancel this Agreement in writing and authorize return of Buyer's deposit for any of the following reasons: (1) if Buyer fails to deposit funds as required by 2A or 2B: (If) if the funds good when deposited; 111) if Buyer fails to provide a letter as required by 2G; (iv) iIdeposited yr ai s to provide verification aursuant to 2A or 2B are s required by 2H or 2L; (vS if Seller reasonably disapproves of the verification provided by 2H or 2L; (vl) if Buyer fails to return Statutory and Lead Disclosures as required by paragraph 5A(2); or (via) if Buyer fails to sign or initial a separate liquidated damage form for an increased deposit as required by paragraph 16. Seller is not required to give Buyer a Notice to Perform regarding Close of Escrow. (4) Notice To Bu r To Perform: The Notice to Buyer to Perform (C.A.R. Form NBP shall: i be in writing; Seller, and Off) Buyer at least 24 (or 0 _� hours (or until the time specified ()gra be signed whicheverby occurs last) to take the applicable action. A Notice to Buyer to Perform may no �givrendanapplicable dier than 2 Darya Pror to expiration of the applicable time for Buyer to remove a contingency or cancel this Ag r meet a 14C(3) obligation. Buyer's Initials PYdW O 1991-2004, CALIFORNIA ASSOCIATION OF REALTORS, INC. 2A-CA REVISED 10/IO2 (PAGE 4 OF 8) BUYER'S COPY Seller's Initilila t 1 Reviewed by Date aowuarrw wrMn�an D. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes In writing,an contingency unless otherwise specified in a separate written agreement between Buyer and Seller,, Buyer shalconclusively ely be deemeor cancellatiori d to have: (1) completed all Buyer Investigations, and review of reports and other applicable information and disclosures tand o that contingency or cancellation right; (11) elected to proceed with the transaction; and (111) assumed all liability, responsibility E. EFFECTOFOF CANCnse for ELLATION ON DEPairs or corrections OSITS• Ifaining to that Buyer or Seller gives written or noticeion right, of cancellationinability pursuant t financing. exercised under the terms of this Agreement, Buyer and Seller agree to Sign mutual instructions to cancel the sale andhescrow and release deposits to the party entitled to the funds, less fees and costs incurred by that party. Fees and costs may be payable.to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed release instructions from Buyer and Seller, judicial decision or arbitration award. A party may be subject to a civil penalty of up to $1,000 for refusal to sign such instructions if no good faith dispute exists as to who is entitled to the deposited funds (Civil Code §1057.3). 15. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final inspection of the Property ► Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm: (j he Propwithin 5eror ty Is maintained pursuant to paragraph 7A; (l,) Repairs have been completed as agreed; and (ill) Seller has complied with Seller's other obligations under this Agreement. 16. UQUIDATED DAMAGES: If Buyer falls to complete this purchase because of Buyer's default, Seller shall retain, as liquidated damages, the deposit actually paid. If the Property is a dwelling with no more than four units, one of which Buyer Intends to occupy, then the amount retained shall be no more than 3% of the purchase price. Any excess shall be returned to Buyer. Release of funds will require mutual, Signed release Instructions from both Buyer and Seiler, judicial decision or arbitration award. BUYER AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION FOR ANY INCREASED DEPOSIT. (C.A.R. FORM RID) 17 . DISPUTE RESOLUTION: lauyers initials_/ Seller's Initials A. MEDIATION: Buyer and Seller agree to mediate any dispute or claim ari sing resulting transaction, before resorting to arbitration or court action. Pa between them out of this Agreement, o any Arbitration provision is initialed. Mediation fees, If any, snail be dividedequally a ng and (3) below apply whether or not the or claim to which this paragraph equally mong the parties involved. If, for any dispute applies,. any party commences an action without first attempting to resolve the matter through mediation, or refuses to mediate after a request has been made, then that party shall not be entitled to recover attorney fees, even if they would otherwise be available to that party in any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED. B. ARBITRATION OF DISPUTES: (1) Buyer and Seller agree that any dispute or claim in Law or equity arising between them out of this Agreement or any resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration, including and subject to paragraphs 17B(2) and (3) below. The arbitrator shall be a retired judge or justice, or an attorney with at least 5 years of residential real estate Law experience, unless the parties mutually agree to a different arbitrator, who shall render an award in accordance with substantive California Law. The parties shall have the right to discovery In accordance with California Code of Civil Procedure §1283.05. In all other respects, the arbitration shall be conducted in accordance with Title 9 of Part III of the California Code of Civil Procedure. Judgment upon the award of the arbitrator(s) may be entered into an court havi ng agreement to arbitrate shall be governed by the Federal any court AcL Interpretation of this (2) EXCLUSIONS FROM MEDIATION AND ARBITRATION: The following matters are excluded from mediation and arbitration: M a judicial or norHudiciai foreclosure or other action or procseding to enforce a deed of trust, mortgage or installment land sale contract as defined in CalHomla Civil Code §2986; §n an unlawful detainer action; (ill) the filing or enforcement of a mechanic's lien; and (Iv) any matter that Is within the jurisdiction of a probate, small claims or bankruptcy court. The filing of a court action to enable the recording of a notice of pending action, for order of attachment receivership, injunction, or other provisional remedies, shall not constitute a waiver of the mediation and arbitration provisions. (3) BROKERS: Buyer and Seller agree to mediate and arbitrate disputes or claims involving either or both Brokers, consistent with 17A and B, provided either or both Brokers shall have agreed to or within a reasonable time after, the dispute or claim Is presented to Brokers. Any elect O, election either oion ortraor both Brokers, ke s, to participate in mediation or arbitration shall not result in Brokers being deemed parties to the Agreement. "NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY." 'WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVLS1u7N Tn lu=1 rrnA t A nn� Ate. &. n cPY"ght C 1991-2004. CALIFORNIA ASSOCIATION OF REALTORSS, INC. PA -CA REVISED 10/02 (PAGE 5 OF 8) Reviewed by Date BUYER'S COPY 18.• PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed in writing, the following items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Escrow: real ro Interest, rents, HOA regular, special, and emergency dues and assessments imposed prior toClose and Escrow, assessments,reiu rty on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and payments on Mello -Roos premiums and other Special Assessment Buyer WITHOUT CREDIT toward the purchase price: prorated payments on MeDistrict bonds and assessments that are now a lien. The following items shall be assumed by llo-Roos and other Special District bonds and assessments and HOA special assessments that are now a lien but not et due. PrAssessment will e reassessed upon change Of ownership. Any supplemental tax bills shall be paid as follows: I orp will be Escrow, by Buyer; and (11) for periods prior to Close Of Escrow, by Seller. TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER A 30-day month. ND SELLER. Prorations shall be made based on a 19. WITHHOLDING TAXES: Seller and Buyer agree to execute any instrument, affidavit, statement or instruction reasonably necessary to comply with federal (FIRPTA) and California withholding Law, if required (C.A.R. Forms AS and AB). 20. MULTIPLE LISTING SERVICE ("MLS"): Brokers are authorized to report to the MLS a pending sale and, upon Close Of Escrow, the terms of this transaction to be published and disseminated to persons and entities authorized to use the information on terms approved by the MLS. 21. EQUAL HOUSING OPPORTUNITY. The property is sold in compliance with federal, state and local anti -discrimination Laws. 22. ATTORNEY FEES: In any action, proceeding, or arbitration between Buyer and Seller arising out of this Agreement, the prevailing Buyer or Seiler shall be entitled to reasonable attorney fees and costs from the non -prevailing Buyer or Seller, except as provided in paragraph 17A. 23. SELECTION OF SERVICE PROVIDERS: If Brokers refer Buyer or Seller to persons, vendors, or service or product providers ("Providers"), Brokers do not guarantee the performance of any Providers. Buyer and Seller may select ANY Providers of their own choosing. 24. 71ME OF ESSENCE; ENTIRE CONTRACr, CHANGES: Time is of the essence. An understandings between the parties are Incorporated in this Agreement. Its terms are Intended by the parties as a final Agreement with respect to its subject matter, and may not be contradicted b�p�en a of any expression a their contemporaneous oral agreement. ff an y Y prior agreement or provisions will us y provision of this Agreement Is held to be ineffective or Invalid, the remaining nevertheless be given full force and effect. Neither this Agreement nor any provision in it may be extended, amended, modHed, altered or changed, except in writing Signed by Buyer and Seller. 25. OTHER TERMS AND CONDITIONS Including A. ® B Ws Ins A C.A.RForm attached supplements: S. O Purchase Agreement Addendum C.A.R. Form PAA ra r numbers: C. ❑ Statewide B er and Statewide A C.A.R. Form SBSA D. — a ,J1'i V A Pd- Sol ct • S' J S�AzL 26. DEFINITIONS: As used In this Agreement: A.6X*11I,�- : s A. "Acceptance" means the time the offer or final counter offer is a Pi- tedl XCr V�KivoN LI wNt:L personally received by the other party or that party's authorized agent In accordance wwTiting � t eterms of t is and Is loffered a fin to d counter offer. 6W B. "Agreement" means to terms and conditions of this accepted California Residential Purchase Agreement and any accepted counter offers and addenda. C. "C.A.R. Form" means the specific form referenced or another comparable form agreed to by to parties. D. "Close Of Escrow" means the date the grant deed, or other evidence of transfer Of title, is recorded. If the scheduled close of escrow falls on a Saturday, Sunday or legal holiday, then close of escrow shall be the next business day after the scheduled close of escrow date. E. "Copy" means copy by any means including photocopy, NCR, facsimile and electronic. F. "Days" means calendar days, unless Otherwise required by Law. G. "Days After" means the specified number of calendar days after the occurrence of the event specified' not counting the calendar date on which the specified event occurs, and ending at 11:5gPM on the final day, H. "Days Prior" means the specified number of calendar days before the occurrenc the calendar date on which to specified event Is scheduled to occur. e of to event specified, not counting 1. "Electronic Copy" or "Electronic Signature" means, as applicable, an electronic California Law. Buyer and Seller agree that electronic means will not be used by either party y toorsignature alter the content or integrity of this Agreement without the knowledge and consent of the other. J. "Law" means any law, code, statue, ordinance, regulation, rule or order, which is adopted by a controlling city, county, state or federal legislative, judicial or executive body or agency. K. "Notice to Buyer to Perform" means a document (C.A.R. Form NBP), which shall be in writing and Signed by Seller and shall give Buyer at least 24 hours (or as otherwise specified In paragraph 14C(4)) to remove a contingency or perform as applicable. L. "Repairs" means any repairs (including pest control), alterations, replacements, modifications or retrofitting of the Property provided for under this Agreement. M. "Signed" means either a handwritten or electronic signature on an original document, N. Singular and Plural terms each Include the other, when appropriate. N. or any counterpart. Buyer's Initials 0104 01991-2004, CAUFORNIA ASSOCIATION OF REALTORSS. INC. saw's In"W" tc� A -CA REVISED 10102 (PAGE 6 OF 8) Reviewed by paw eorKwou.. BUYER'S COPY "M 27. AGENCY: �— - - - A. DISCLOSURE: Buyer and Seller each acknowledge prior receipt of C.A.R. Form AD "Disclos ure Regarding Real Estate Agency Relationships." B. POTENTIALLY COMPETING BUYERS AND SELLERS: Buyer and Seller each acknowledge receipt of a disclosure of the possibility of multiple representation by the Broker representing that principal. This disclosure may be part of a listing agreement, buyer -broker agreement or separate document (C.A.R. Form DA). Buyer understands that Broker representing Buyer may also represent other potential buyers, who may consider, make offers on or ultimately acquire the Property. Seller understands that Broker representing Seller may also represent other sellers with competing properties of interest to this Buyer. C. CONFIRMATION: The following agency relationships are hereby c nfirmed for this transaction: Listing Agent e - �) 1L-LL C t-p-I--•rs of (check one): he Sell � an �� (Print Firm Name) is the agent . � ,a �Q��Cr exclusively, or ,.� both the Bu er an Seller. Selling Agent L 14it S i t� � S�, > , C as Listing Agent) Is the agent of (check one : he Buyer exclusive) or (Print Firm Name) (if not same Buyer and Seller. Real Estate Brokers are notpartieso the Agreement between Buyereller andSeller. 28. both the 28. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: A. The following paragraphs, or applicable portions thereof, of this Agreement constitute the joint escrow Instructions of Buyer and Seller to Escrow Holder, which Escrow Holder is to use along with any related counter offers and addenda, and any additional mutual instructions to close the escrow: 1, 2, 4, 18, 19, 24, 25B and C, 26, 28, 29, 32A, 33 and paragraph D of the section titled Real Estate Brokers on page 8.� If a Copy of the separate compensation agreement(s) provided for in paragraph 29 or 32A, or paragraph D of the section titled Real Estate Brokers on page 8 is deposited with Escrow Holder by Broker, Escrow Holder shall accept such agreement(s) and pay out from Buyer's or Seller's funds, or both, as applicable, the Broker's compensation provided for in such agreement(s). The terms and conditions of this Agreement not set forth in the specified paragraphs are additional matters for the information of Escrow Holder, but about which Escrow Holder need not be concerned. Buyer and Seller will receive Escrow Holder's general provisions directly from Escrow Holder and will execute such provisions upon Escrow Holder's request. To the extent the general provisions are inconsistent or conflict with this Agreement, the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Seller will execute additional instructions, documents and forms provided by Escrow Holder that are reasonably necessary to close the escrow. B. A Copy of this Agreement shall be delivered to Escrow Holder within 3 business days after Acceptance (or CO Buyer and Seller authorize Escrow Holder to accept and rely on Copies and Signatures as defined in this Agreement as originals, to open escrow and for other purposes of escrow. The validity of this Agreement as between Buyer and Seller is not affected by whether or when Escrow Holder Signs this Agreement. C. Brokers are a party to the escrow for the sole purpose of compensation pursuant to paragraphs 29, 32A and compensation specified in paragraphs 29 and 32A, respectively, and irrevocabparagraph D of the section titled Real Estate Brokers on page 8. Buyer and Seller irrevocably assign to Brokers ly instruct Escrow Holder to disburse those funds to Brokers at Close Of Escrow or pursuant to any other mutually exconsent of Brokers. ecuted cancellation agreement. Compensation Instructions can be amended or revoked only with the written Escrow Holder shall immediately notify Brokers: (1) if Buyer's initial or any additional deposit is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder, or (11) if Buyer and Seller instruct Escrow Holder to cancel escrow. D. A Copy of any amendment that affects any paragraph of this Agreement for which Escrow Holder is responsible shall be delivered to Escrow Holder within 2 business days after mutual execution of the amendment. 29. BROKER COMPENSATION FROM BUYER: If applicable, upon Close Of Escrow, Buyer agrees to pay compensation to Broker as specified in a separate written agreement between Buyer and Broker. 30. TERMS AND CONDITIONS OF OFFER: This Is an offer to purchase the Property on the above terms and conditions. All paragraphs with spaces for initials by Buyer and Seller are incorporated in this Agreement only if initialed by all parties. If at least one but not all parties Initial, a counter offer is required until agreement is reached. Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of Acceptance. Buyer has read and acknowledges receipt of a Copy of the offer and agrees to the above confirmation of agency relationships. If this offer is accepted and Buyer subsequently defaults, Buyer may be responsible for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, including any Copy, may be Signed in two or more counterparts, all of which shall constitute one and the same writing. Buyer's Initials Setiet's Initials ipy/ipiNO 1991-2004, CALIFORNIA ASSOCIATION OF REALTOR9®, INC. � PA -CA REVISED 1W02 (PAGE T OF 8) Reviewed by Date BUYER'S COPY 'won on 1 his offer shall be deemed revoked and the deposit shall be returned unless the offer is Signed by Seller ' and a Copy of the Signed offer is personally received by Buyer, or by authorized to receive it by 5:00 PM on the third calendar day after who is this offer is signed by Buyer (or, if checked, by Date _ (date), at AWPM). BUYER ' Date �- BUYER (Print name) _ S jXS_ t_ (Print name) (Address) � � � � � _- 32. BROKER COM ENSATION FROM SELLER: y3�� -CAW F A. Upon Close Of Escrow, Seiler agrees to pay co tv. (i �� -� Seller and Broker. pen to Br6ke� �s speci in a separate written agreement between B. If escrow does not close, compensation is payable as specified 33. ACCEPTANCE OF OFFER: Seller warrants that Seller is thenerr of thetProperty, written agreement. Seller accepts the above offer, agrees to sell the Pr Property, conditions, has the authority to execute this Agreement. )of agency relationships. Seller has read and acknowwlleedges rethce ptof a Copy oerms f hlrment and authorizes Broker to deliver confirmation Si red Copy to Buyer. (If checked) SUBJECT TO ATTACHED COUNTER OFFER, DATED Date CONFIRMATION OF ACCEPTANCE: A Copy of S' agent on (date) I�� AP was personally received by Buyer or Buyer's authorized . (Initials) a Copy of Signed Ac nwnt. C (sppetsonally re<;elved byy Buyer or BuM sbautho�riz� agent tIs whether�orVnot confirmed in this document. Corn lon of this confirm is not 1y1y� Agreement; it is solety intended to evidence the date that Confirmation aoi Acc��.ept red In ordecto curr date a binding REAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B. Agency relationships are confirmed as stated in 211- C. If specified in paragraph 2A. Agent who submitted the offer or Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Firm) and Cooperating Broker agrees to accept, out of Listing Broker's proceeds in escrow: (1) the amount Broker is a Participant of the MLS in which the Property is offered for sale or a reciprocal Sified j ort(11) ❑ (if e MLS checked) the Cooperating BRyal Essttat in a separate written (t ''R.-�F°E� C) keen Listing� Broker and Cooperating Broker. �v ..�; Date o-- Escrow Holder acknowledges receipt of a Copy of this Agreement, (if checked, ❑ a de counter offer numbers g Posit in the amount of s andnd � supplemental escrow instructions and the terms of Escrow Holder's agrees to act as Escrow Holder subject general provisions. agrees paragraph 28 of this Agreement, any Escrow Holder is advised that the date of Confirmation of Acceptance of the Agreement as between Buyer and Seller is Escrow Holder By Address Address Escrow #I Date y the %,auromia Oepartmertt of ` Co aliens, _! ►Pa Insurance, a Real Estate. Licer,.cQ it "Ir"Or_%, I curt ut- OFFER: No counter offer is being made. This offer was reviewed and rejected by Seller on 'Seller's Initials) (Date) HIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS& (C.A.R.. NO REPRESENTATION Is MADE AS TO THE LEGAL VALIDITY OR DEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKIR IS THE PERSON. QUALIFIED TO ADVISE ON REAL ESTATE 3ANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULTAN APPROPRIATE PROFESSIONAL. 'Ls form is available for use by the entire real estate �tesdp�yy n is not intended to ich MaY be used only by members of the NATIONAL AM&ATION OF q�T user as a REACTORde REACTOR®is a reflistered coMectrve membership mark �arid ObbilMed XREA4' who subscribe to its Code of Ethk s. �Ms FM_INCThetem Ibr Success• 25 Swlb v til orals 9M 3A-CA REVISED 10/02 (PAGE 8 OF 8) Reviewed by Date BUYER'S COPY We al �► A b a v L 1 AT I O N BUYER'S INSPECTION ADVISORY �OF REALTORS® ww (C•A.R. Form BIA, Revised 10002) Property Address: J� �. (� © .{. �• i'.. S �u ^ :,t, j 0� ("Property"). A. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being guaranteed by either Seller or Brokers. For this reason, you should conduct thorough investigations of the Pro p purchased is not professionals who should provide written reports of their investigations. A general physical i Property personally and with of the Property nor items affecting the Property that are not physically located on the Property. If h typically does not cover all aspects investigations, including a recommendation a roperty. If the professionals recommend further qualified experts to conduct such p control operator to inspect inaccessible areas of the Property, you should contact Pe additional investigations. B. BUYER RIGHTS AND DUTIES: You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the investigation and verification of information and facts that you know or that are within your diligent attention and observation. The purchase agreement gives you the right to the P. If you exercise this right, and you should, you must do so in accordance with the terms of that agreements. Thisristhe betst way f�oreyou inprotect yourself. It is extremely Important for you to read all written reports provided by professionals and to discuss the results of Inspections with the professional who conducted the Inspection. You have the right to request that Seller make repairs, corrections or take other action based upon items discovered in your investigations or disclosed by Seller. If Seller Is unwilling or unable to satisfy your requests, or you do not want to purchase the Property in its disclosed and discovered condition, you have the right to cancel the agreement If you act within speclfic time periods. If you do not cancel the agreement In a timely and proper manner, you may be in breach of contract. C. SELLER RIGHTS AND DUTIES: Seller is required to disclose to you material facts known to him/her that affect the value or desirability of the Property. However, Seller may not be aware of some to in Property defects or conditions. Seller does not have an obligation K Inspect the Property for your benefit nor is Seller obligated to repair, correct or otherwise cure known defects that are disclosed to you or previously unknown defects that are discovered by you or your inspectors during escrow. The purchase agreement obligates Seller to make the Property available to you for investigations. D. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as soil stability, geologic or environmental conditions, hazardous or illegal controlled substances, heats � structural conditions of the foundation or other improvements, or the condition of the roof, plumbing, heating, air conditioning, electrical, sewer, septic, waste disposal, or other system. The only way to accurately determine the condition of the Property is through an inspection by an appropriate professional selected by you. if Broker gives you referrals to such professionals, Broker does not guarantee their of your choosing. In sales involving residential dwellings with no more than four units, Brokers have a dutnce. You ytoselect anydiprofessional inspection of the accessible areas of the Property and to disclose the results of that ligerht visual conditions may not be discoverable from a visual i �'• However, as some Property defects or written agreement with a Broker,, the s inspection, it is possible Brokers are not aware of them. If you have entered into a l determine the nature and extent of that Broker's duty to you. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION of that agreement IAND SUITABILITY OF ALL ASPECTS OF THE PROPERTY. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. E. YOU ARE ADVISED.TO CONDUCT M/ESTMTX" OF THE ENTIRE PROPERTY, NV(X,tAN,J(;i, BUT NOT LIMITED TO THE FOLLOW W(`: 1. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof, plumbing, heating, air conditioning, electrical, mechanical, security, pool/", other structural and non-structural systems and components, fixtures, built-in appliances, any personal property included in the sale, and energy efficiency of the Property. (Structural engineers are best suited to determine possible design or construction defects, and whether 2. SQUARE FOOTAGE, AGE, BOUNDARIES. are foots improvements are structurally sound.) Any numerical statements regarding these items are APPROXIMATIONS ON dimensions, has, age of improvements and boundaries. be verified by Brokers. Fences, hedges have not been verified by Seiler and cannot walls, retaining walls and other natural or constructed barriers or markers do not necessarily Identify true Property boundaries. (Professionals such as appraisers, architects, surveyors and civil engineers are best suited to determine square footage, dimensions and boundaries of the P 3. WOOD DESTROYING PESTS: Presence of, or conditions like) to lead to the �eY ) y and other infestation or infection. Inspection r prey of wow destroying pests and organisms sports covering these items can be separated into two sections: Section 1 identifies areas where infestation or infection is evident. Section 2 identifies areas where there are conditions likely to lead to infestation or Infection. A registered structural pest control company is best suited to perform these inspections. 4. SOIL STABILITY Existence of fill or compacted soil, expansive or contracts soil and the adequacy of drainage. (Geotechnicai engineers are best suited to determine swot �itionscauses and settling movement, ,s copyright laws of uts United States (TIVe 17 U.S. Cods) turbid the taus WIZed reproduodon of this form, or any portion thersof, by photocopy alone or any other mesm. Indudlrtp facsknpe or oomputN zed formats. Buyer's Initials Vyriplx O 1991-2004, CAUFORN1A ASSOCIATION OF RIGHTS RF.ALTORSS, Seller's Initials (__^ C. ALL RTS RESERVED. ) A REVISED 10IO2 (PAGE 1 OF 2) Reviewed by Date wrMrw�rr► i BUYER'S COPY 5, ROOF: Present condition, age, leaks, and remaining useful life. (Rpofing contractors are best suited to determine these conditions.) 6. POOL/SPA: Cracks, leaks or operational problems. (Pool contractors are best suited to determine these conditions.) 7. WASTE DISPOSAL: Type, size, adequacy, capacity and condition of sewer and septic systems and components, connection to sewer, and applicable fees. 8. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS: Water and utility availability, use restrictions and costs. Water quality, adequacy, condition, and performance of well systems and components. 9. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including, but not limited to, asbestos, lead -based paint and other lead contamination, radon, methane, other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, materials, products, or conditions (including mold (airborne, toxic or otherwise), fungus or similar contaminants). (For more in formation on these hems, you .may consult an appropriate professional or read the booklets "Environmental Hazards: A Guide for Homeowners, Buyers, Landlords and Tenants," "Protect Your Family From Lead in Your Home" or both.) 10. EARTHQUAKES AND FLOODING: Susceptibility of the Property to earthquake/seismic hazards and propensity of the Property to flood. (A Geologist or Geotechnical Engineer is best suited to provide information on these conditions.) 11. FIRE, HAZARD AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary. The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property and Buyer, may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this information may affect other decisions, Including the removal of loan and inspection contingencies. (An insurance agent is best suited to provide information on these conditions.) 12. BUILDING PERMITS, ZONING AND GOVERNMENTAL REQUIREMENTS: Permits, inspections, certificates, zoning, other governmental limitations, restrictions, and requirements affecting the current or future use of the Property, its development or size. (Such information is available from appropriate governmental agencies and private information providers. Brokers are not qualified to review or interpret any such information.) 13. RENTAL PROPERTY RESTRICTIONS: Some cities and counties impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants; and the right of a landlord to terminate a tenancy. Deadbolt or other locks and security systems for doors and windows, including window bars, should be examined to determine whether they satisfy legal requirements. (Government agencies can provide Information about these restrictions and other requirements.) 14. SECURITY AND SAFETY: State and local Law may require the installation of barriers, access alarms, self -latching mechanisms and/or other measures to decrease the risk to children and other persons of existing swimming pools and hot tubs, as well as. various fire safety and other measures concerning other features of the Property. Compliance requirements differ from city to city and county to county. Unless specifically agreed, the Property may not be in compliance with these requirements. (Local government agencies can provide Information about these restrictions and other requirements.) 15. NEIGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders, fire protection, other government services, availability, adequacy and cost of any speed -wired, wireless Internet connections or other telecommunications or other technology services and installations, proximity to commercial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, hazards, or circumstances, protected species, wetland properties, botanical diseases, historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures and/or religions, and personal needs, requirements and preferences of Buyer. Buyer and Seller acknowledge and agree that Broker: (Q Does not decide what price Buyer should pay or Seller should accept; (IQ Does not guarantee the condition of the Property; (Ili) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provided or made by Seller or others; (iv) Does not have an obligation to conduct an inspection Of common areas or areas off the site of the Property; (v) Shalt not be responsible for identifying defects on the Property, in common areas, or offsite unless such defects are visuallyobsenrattie by an inspection of reasonably accessible areas of the Property or are known to Broker; (vq Shall not be responsible for inspecting public records or permits concerning the title or use of Property; (viQ Shall not be responsible for identifying the location of boundary lines or other items affecting title; (vlli) Shall not be responsible for verifying square footage, representations of others or information contained in Investigation reports, Multiple Listing Service, advertisements, flyers or other promotional material; (ix) Shah not be responsible for providing legal or tax advice regarding any aspect of a transaction entered into by Buyer or Seller, and (x) Shall not be responsible for providing other advice or information that exceeds the knowledge, education and experience required to perform real estate licensed activity. Buyer and Seller agree to seek legal, tax, insurance, title and other desired assistance from appropriate professionals. By signing thlsAdviso teller Buyer and Seiler each acknowledge that they have read, understand; accept and have received a Copy of 3r is encouraged to read it carefully. J f=F ry�t, A' , �4-I'Ll2,"So / 3r 05, = eevr��L �— Buyer Signature •�y D �.� v �J�� to Date oe ter Signature Date JIS FORM HAS BEEN APPROVED BY THE CAUFORNIA ASSOCIATION OF REALTORSS (C.A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR 3EQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTKN4. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE 1ANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. may be used only by members of the NATK)NAL k norm is available for use by the sofa real estate ind �iCf► ustry, it Is not intended to identify the user as a REALTORS. REALTORS is a registered collective membership mark ASSOCIATION OF REALTORS9 who subscribe to its Cafe of Ethics. DialributeME ' a 0 REAL ESIM 8115N M M a 1�A"nue,LoelakWb R TNN System for Success• 525 Sao Yfpl1 eviewed by Date It REVISED 10/02 (PAGE 2 OF 2) BUYER'S COPY P- 02 I CAL I P0.R N I A AX40CIATION COUNTER OFFER No. .1 W J%JKAL-1'0kX*' For use by Seller at Buyer, May be used for Multi Counter r. per 30 ?005 (C.A.R. Form CO, Revised 10 at ONW to KOSWIIIW 200 GP�urfthas"* �Agrsomma�nt Counter Wor [] Odvr - On PmWly known As 2915 H. sfith g, rJL-..2e- -'WAABVM The terms wind condlUons Ohs abo" robrw%W dm aniphs in the M"I &V III suWw 19 &a following: ........... .. .......... qvft N we Oftr .3j of IPOW*PNY rff*t*rmd W inouslan in Pa 4d by AN Wrtiss, erg isN by so r"961 W are not Immm V loss athqt*fte nI I" WrIlift down pa PWV"ph Ic of this or another counter Offer. Yf"m am loan am mnqs) wit be m9lobd in Ohs C. fee D. All tv Ubwout The ftNI 'i Attached 4UPPle"WO Aft MOMWated In this Counter 011110 �d—wWmNa. 0 r To Accawonm Opm1mv has the right 0 — — 00ft" 10 Oft the Ibr sals, or for 0 Can nollikes0" Of 40101006300. as desaw in 06-MWNPh 3. ff a Is a SdW comw WW cwnftmftft of nDffka*n of this "ntw Oftr, shag nr..Oke this C M :This %mjAr C YUMOF : W., 124 ��Iovroftr-vhdbt Of SsI 10 vjhm it is sent And MOked and IN deposits, if any, Shall be r#Wn" lima ;7— a 9TV1110 Signed Counter Often is Pff=W* received by tovolt st PM theii h TgT�ALfterW Counter One, is me* or. by MC. = PK combow rA. --Y be executed LTVU C In com!!q_", -in "I C4unW OFI avow a Making a cOjjnW oftr(s) 10 W41W ante a � this Offor. Am4ftm of this COmIW r pnoepscgva wed by S" War by Buyw 'm be bindIng I . In paragraph 7 bow And a Copy of the c"W Offff BOW in paragraph 7 Is P hme '.wh or IN 'ym MWITR OFFER ON THE TMW AWW AND ACK" Date mgxmwmt &L-A&L Date ffgZgM&AW.Ag,jggj the At*" Counter Offw (N checked 0 BU@jgCT TO V 1.4" , _W,4TrACHM Date tiger si0na thm b" until *Vwm mm WMPIS 4 in paragraph I. (IONSVI 7 Dele M>at . ) ("I Con&WOOW Of A00611111111111100: A COPY Of Biped AOMM 041111fted " 06 1116011110d In 01101113 (or, Me was lod In p&apq* - paurl* Al) on (date) ...s if this is a hu" coins oft Of AAM , At Is 11111111,111114111111l�l�!�ll, ilil'Illilillilliiiiiilh --LLU-- 111 13 AN ri Comm the 1114w ar 91 L fto�W74�#dUm"Matfonghtemthe cmft Oft, or "I P W of not A& WANK* n" r9*11nd in Ordor 0 0*00 0 b"re ftmnant; it is to" MW&d to A* VVIII for we 6, N a" Mai "Ift und"by mill'"b" of to NATIONAL is rot h04" 'a uAw 88 A RMT10ft RMTOft j A$ BEEN T*4OFMMr0ft*%ftstb. job Coda *fEP*m. PF AW By AW TM6 C"I AssoCiATOR OF REALTORSO (C.A.No RpRg"WATMIs L NXIS. IF YOU IN 3PECM T-WMCTIM A RM FSTATE BROK11I ER 18 T"j ECAL OR TAX ADVICE. OONSULTAN APPROPRIATE PRM"D". PERSONA oar 0-W SUM (TSO 17 us. 00*) WWAMMM "Wuobon Of M jI or #Wd" Publilhed t;y the ALL RMW ♦ CW*rrJa Association of RMTORSO '10192 (PA09 I OF 1) by lwz*# .swear Fax: P—A-HOUM &� M P.O. Box 2WAWMMAA A L this Cmaking thisounW Ofw is of -10yer(r) an hums jW W11*116 and UN kAg ;by IMW ro*vod Is mulbodad ID racewr I of to F"NINWIV. fOIS RECEIPT OF A C*' . LINTER OFFER) And 411 Tfma4l-3C Una dY If paragraph 4 Is of -72. mm by chi maker d far or A binding. W's docpm& • 00 daft that GAS TO.THE LfGAL V, 0 To MME ON PholooiPy M&I od ve- Residential Detailed Results Pagel of 2 Single Family Residence Rooms: Laundry Area Dining Area: Dining Ell Amenities, Other: Barbecue Private Pool Desc: Assoc Pool Spa Desc: Assoc Spa CG@411 t�t4 � its - A9? SG s Revise Search I Back to Property Lh Residential January 9, 2006 Detached RES Pending Sale 2915 East 60th Place S Huntington Park (HNPK) (T1) Vernon, Maywood, Hunt Pk & Be Zip 90255 Price $380,000 XSTS State TGNO 675A6 R58750 Media 0 Builder Tract Bed 2 Model u Baths 3 Stories Split Level ASgFt 1407 Assessor YrBlt 1985 Assessor ALotSz 2678 Assessor LotDim View Pool View Prkng Garage Attached Garage 2 Rem 2 Num Spc Cprt Acres 0.06 RV Ace HOA Dues $200 Range $: n Rooms Bedroom Features: Walk-in Closet Living Room Dose: Living Rm Entrance Amenities Appliances: Built-in Gas Range, Dishwasher, Garbage Disposal, Gas Dryer Hook Up, Refrigerator Security Description: Security System Fireplace Location: Family Room Interior/Exterior/Structural Floors: Hardwood, Wall -to -Wall Carpet Heat: Forced Air Roof: Composibon/Shingle AC: Central Patio Characteristics: Patio Plumbing: Full Copper Plumbing Lot/Community/Assoclatlon AP # 6310-023-064 HOA$200 + Zone M Roos N Lot/Block/Tract 221 /43028 HS Dist LA High Sch Elemen Junior Units Lee Trans Land Lse/Yr Los Ron Los Exp Land Fee Legal Desc: Homeowners Association Sewer: Assessments Water: District Financial Information Terms Cash To New Loan let TD Type Interest Seller Pnts Tax Amt $2,686 2nd TD Type Interest Total Assessed Value $187,026 Showing Instructions Instr Appointment Only Occupant Owner Ricardo Cerda Comp 2.50% DualNar Call For Information Consider Lease N Possession List Type Exclusive Right To Sell/Full Service Gate Code LockBox Call Listing Office Misc Listing Office/Agent info List office C-21 Allstars RCAL Phone 562-863-2121 Fax 562-863-3275 List Anent Luis Lars tiarauis Cell 323-997-5097 Primary 323-560-7624 http://sca.misalliance.comlappsIReportIReport.asp?ReportType=Detail&ListNum DB=R58... 1/9/2006 Residential Detailed Results Page 2 of 2 Agt Email Agt WSite Res LP Excludes Priv Rmks Free standing PUD excellent condition. Seller motivated, found other property and wants quick escrow. Listing Activity List Date 11/18/2005 Date Added 11/28/2005 DOM 31 Exp Dt LP/SgFt $270.08 Org Price $380,000 Cur List Prc $380,000 Comp 2.50% Prev Price $380,000 Off market Pending/ Sold Information List Price $380,000 Sold Price Cont Price 380000 Closed Financing SP/SgFt Begin Escrow 12f19/2005 Selling Office/ Agent Info Sell Office RCAL Office 562-863-2121 Res 323-560-7624 Sell Agent Luis Lara TLARAUIS The accuracy of all information regardless of source, including but not limited to square footages and lot size, is deemed reliable but is not guaranteed an should be independently verified through personal inspection by and/ or with the appropriate professionals. Copyright SoCalMLS. Revise Search Back to Property I 0 WyidFyrelm Technologies (a division of eNeighborhoodsTa) 1999 - 2006 http://sca.misalliance.comlappsIReportIReport.asp?ReportType=Detail&ListNum DB=R58... 1/9/2006 MAR-08-2006 02:52 PM LAS TRANCAS_ 213 748 1960 P.04 DATE• d .'t OwW/Agem 6550 Miles AM= Hundngton Perk CA 90255 SUBJECT: RETURN OF BUYER'S ACKNOWLEDGM N"T OF RECEIPT OF PRESALE RECORDS AND SPEC71( REPORT On 0.X ,/, e , dw Building and Safety Deparusest tuned to the above nwnW persona) a completed. "PmWe Records and Iffipection Report". haufker `REPORT', for the property address of This notice is to t6d you that section 8.17.06 of the Huntingwro Park MuniciPal Co mpaba dw "m * AW be de!• ymd by the rev owner of the authorind dew The "Adatowiedsment of Receipt" is page two (3) of the Report. Thank you for yoW's:teation to this mincer, if you bare firtber questions Ply oot»aot t Building and Sshw Feat at (323) SW6271. Monday through Tbursdsy. siaway, ,A Wesley R. Lind Bulming Off►cw MAR-j�8-2006 02:53 PM LAS TRANCAS- 213 748 1960 P. 05 Noo4jobUily of City; The prgw=* o, iWlM" a MW ddhWy of iit =PDn does ■ot iMOM MY mastery duty or the City► of Hretiglod lhe& The pro to Of the rod property rewards sod hapseSm mport is sot a wamaly or npt tnaoa IV Nye db dt do property or Its prewt we is or is Not in cva- ill- WO f w fir• ne tW dimas am mepre sst or wsrrwot dut as jogsrusudeo cm raised is the report wN always be eOmWMh asd asearate, and aN person s *0 Mkt sboMld mdepeadastdy veff* dw Worot,ti,r♦ etastt bwd &tfds before rdrimg WrM it: Hdlber tie esaeWent of ".ar&k Mr Iles tneprratom ormd deiircry of my Mort r*gWn d evader #M CEM Acknowld gmeot of Reesipt: he undersigned herebv acknowledges that they have rer+aiv.iri a _0.2 . - - . - -won RPoort Checldist. h�,erf► UgerorA,tii.r ed djamm: f- UM Tdepbmm. Pro" Dwyer; Peel Naft: BaticoF. v Te>q�onc: SiNsturts Mast Be Not'arkied 0 �_ Teleplwwe: Qgnftwffi 2S; /it - PwLffx PU CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of Calif is ss. County of S On "a X, before me, / -la" 'e tj b itr ro o , Date %u� f� • Name and Title d Oftioor (9.9.. " Doe. R, `� I personally appeared Names) of Sl"06) �i /V personally known to me ❑ proved to me on the basis of satisfactory i evidence to be the person(e) whose name(s) is/aw subscribed to the within instrument and r`ailr,l�, acknowledged to me that he%ge&wy executed elm the same in his/hesk4eir authorized CemnnNWon #►16113N capacity(iee), and that by his/herftheir No" - CaMorrMo signature(e) on the instrument the person(e), or LaMpillMCotrxtgr 110.MVCWMftPM"*V4.=4cted, the entity upon behalf of which the person(e), executed the instrument. �A. WITNESS my hand and offic' I seal. > 1 d T. OPTIONAL Though the informalion below is not required by law, it may prove valuable to persons relying an the document and could prevent fraudulent removal and reattachment of this form to antler document. Description of Attached Document Title or TypeofDocument: 1 ZVS gee # Mw Document Date: /Df0 Number of Pages: dtE Signer(s) Other Than Named Above: �JIA Capacity(ies) CTU by tSiigner Signer's Name:ce V � �� AwA J ❑ Individual Top of thumb here ❑ Corporate Officer — T(tle(s): ❑ Partner — ❑ Limited ❑ General ❑ Attomey-in-Fact ❑ Trustee ❑ Guardian or Conservator t 1 Cfe� �C,t�a Tit. K Other. 'L1 J i/ Signer Is Representing: C"^'7 ve/pG6?/t_�•,''' ki ®1999 National NotaryAssociation " 93W Do Soto Ave.. P.O. Sox 2402 -Chatsworth, CA 91313-2402 " www.nationakx)tary.org Prod. No. 5907 Reorder. CaN Tdl-Free 1-800-876-6827 MAR-08-2006 07:19 PM LAS TRAHCAS- 213 748 1960 P.02 i1e >~llosrioi P to vau is a000sdsmor nit)► Tkk t. CMoptcr 17, of the HunuVCM Part Code. �e on ale srit611�e C.itg of If >tieit and an ueposieon COMM" oa Street A t LL 07 r) As amn Posd wttsmber: - of Oaf rers wo& aco, Acts or Record' SpecW Remiations an Use or Devdaptnent: �. Summon of Us -Permitted 1°Juiidi�rlLar>d Use Violations Noted The inspection performed for this report E.1 Did /'U Did Not include the interior of the divclling(s). " x" - Major Violation "O' - Minor Violation "ti"' Permi! Required i / ► ��iE'IJt�IT.sL'i �' '.ems-..�r,_ - -- F- I LEI KIT 1 TA arc 1 t , _ Ad l7 If this bm is aheoicod (r) then additional violations are described on a violations addendum form which is attached hemo. The inspection report cbecklist and other documents used to pml3are this report, arc on f, It with the Building and Safety Division and are available for inspection upon request. Quenions m.-'Y be directed to the Building and Safety Division at (323) 5W6271. m Mds.gwn p by: M� * hire v PAOE 1 OF 2 Lurc- dAllatUA&.- — Printed Name MAR-08-2006 02:52 PM LAS TRANCAS- 213 748 1968 ASSU11 MON OF REMMIBIIM.- OM3A02 A R orris sad Report A Uesdoo Pw t of 1 &P g[Ag negaa to, Presale Records and Inspection Report (1 to 4 units) Assumption of Responsibility by Buyer To Make Corrections Buyer's Name (s� —V, E 12 /Vg_A,( Clore of Escrow (Dab)__!_ ! 3 Buyer'sAddraw 3 (After Btcrow Closes): v 7-72 FtE City: `2ay_L!,_,,., 8irte:p: �6sae: Sfc'- 3 c�c�' l Date That ConwtWe Work Win Compkbd: l� Mailing Address t/ 3 BLS"— _. -=j�A MM " BayerK utderstsd subject report and the eorrective work to be eompWed at the sabjset property. Cf-Y� Dab -73 gt' Si�atarm V(EI'2AaA( n R Luc 'V . tfAL-k FN)4e=t2s'7 \J12. Rnym Full Name (!Irate print) 711k-c-,T�fv/ 6 { C G 2 Deb S�etNrr: . Fitt Nam (Pbsse Print) OWMATtTREM ARLIloT Mt 1MOTAXIM: � �ec a ffy- Ayf)-el P.03 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of bi-s es ss On 144 fth u% r before me, Date `/ personally appeared 1,l ce V • &g4*-eyy me NaTime of Officer (e.g.,'J * Doe, Notary PL"e) r5-e.yi•" Names) of Sowr(s) personally known to me ❑ proved to me on the basis of satisfactory evidence i to be the person(s) whose names) is/are subscribed to the within instrument and acknowledged to me that he/sMM"y executed MANUELA CIRON Comiffbolon # 16113" the same in his/MeW4heir authorized capacity(ies), and that by hisA3&z b9j* Nokoy CcNOMIo signature(o on the instrument the person(*, or Los MVOWCourty 16,MVC0MM.&Pk"N0V4.2004act the entity upon behalf of which the person(o the instrument. A Kexecuted WIhand and official spal. sgaau�a rww OPTIONAL Though the information below is not required by law, ft may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached Document Title or Type1 of Document: _Am 6?` /C �i+A►�l St �l �i IF - Document Date: /`y/d t� rNumber of ages: Signer(s) Other Than Named Above: /.Y/ ( A Capacity(ies) Claim by Signer Signer's Name: u ❑ Individual ❑ Corporate Officer — Title(s): _ ❑ Partner — ❑ Limited ❑ General ❑ Attomey-in-Fact ❑ Trustee ❑ Guardi A Other: Signer Is Top of thumb here :a 01 0 1999 National Notary Association • 9350 De Soto Ave., P.O. Box 2402 • Chatsworth, CA 91313-2402 • www.natonatnotary.org Prod. No. 5907 Reorder: Call Tott-Free 1-800-876-6827 CERTIFICATE OF ACCEPTANCE This is to certify that the City of Vernon hereby accepts the Grant Deed dated 12 / 29 / 05, from Ricardo Cerda, in favor of City of Vernon, to which Grant Deed this Certificate of Acceptance is attached. This acceptance is made pursuant to the authority conferred by Resolution No. 8944, the authority consents to the recordation of the Grant Deed and this Certificate of Acceptance. Dated: January 12, 2005 City o Its: This page Is part of your document - DO NOT DISCARD 06 0092354 �l RECORDEDIFILED IN OFFICIAL RECORDS RECORDER'S OFFICE LOS ANGELES COUNTY CALIFORNIA 01/13/06 AT 08:00am . TITLE(S) : DE ED FEE FREE F -- CODE 20 CODE 19 CODE 9 Assessor's Identification Number (AIN) To be completed by Examiner OR Title Company in black ink. Number of AIN's Shown bSi0-02-S-0V/4-" ooi - THIS FORM IS NOT TO BE DUPLICATED - it 1 V I V v R'WORDING REQUESTED BY LandAme!, ica Commercial Services WttiEN RECORDED MAIL THIS DOCUMENT AND TAX STATEMENTS TO: City of Vernon 4305 Santa Fe Ave. Vernon CA 90058 APN: 6310-023-064 Escrow No: 09400525-904-LB9 Title No: 09400525-70 Space above this line for Recorder's use GRANT DEED THE UNDERSIGNED GRANTOR(S) DE4"E(S) DOCUMENTARY TRANSFER TAX IS computed on full value of property conveyed„ AND FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Ricardo Cerda, a married man as his sole and separate property hereby GRANT(S) to City of Vernon the following described real property in the City of S. Huntington Park County of Los Angeles, State of California: See Exhibit A attached hereto and made a part hereof. Commonly known as: 2915 East 60th Place Unit S, Huntington Park, CA 90255 Dated: December 29. 2005 Ric o Cerda STATE OF CAUFORNIA COUNTY OF LS} SS: j On ok - 0 2 • © , before me, Lt -S a Notary Public, personally appeared 1 G��rR-'D o G'.C'SzDa. personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executeaym un ►Rr� _ ` _ _ _ _ WITNESS my hand Signature Ccmn*tlat' � 1>37geia CourMy��( I MrCtfnlm.iillvM«IMoir1,.�I TAX STATEMENTS AS DIRECTED ABOVE of IV,VV CERTIFICATE STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES) I, Bruce V. Malkenhorst, Jr., Acting City Clerk of the City of Vernon, County of Los Angeles, State of California, hereby certify that the attached is a full and complete copy of: Resolution No. 8944 - A Resolution of the City Council of the City of Vernon Approving and Ratifying the Execution of a Residential Purchase Agreement and Joint Escrow Instructions and Counter Offer for Purchase of Real Estate By and Between the City of Vernon and,Ricardo Cercla for Property Located at 2915 E. 60th Place Unit S in Huntington Park, California IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official Seal of the City of Vernon, County of Los Angeles, State of California, on this 5th day of January 2006. SEAL: Bruce V. Malkenhorst, Jr. Acting'City Clerk 0092354 II I%JIVV CERTIFICATE OF ACCEPTANCE This is to certify that the City of Vernon hereby accepts the Grant Deed dated 12 / 29 / 05, from Ricardo Cerda, in favor of City of Vernon, to which Grant Deed this Certificate of Acceptance is attached. This acceptance is made pursuant to the authority conferred by Resolution No. 8944, the authority consents to the recordation of the Grant Deed and this Certificate of Acceptance. Dated: January 12, 2005 City o Bruce V. Malkenhgrst, Jr. Its: Acting City Clerk 06 0092354 II WIVU t r` Exhibit A All that certain real property situated in the County of Los Angeles, State of California, described as follows: Lot 22 of Tract No. 43028, in the City of Huntington Park, County of Los Angeles, State of California, as per map recorded in Book 1042, Page(s) 3 to 6 inclusive of Maps, in the office of the County Recorder of said County. Except therefrom all oil, oil rights, natural gas, natural gas rights and other hydrocarbons by whatsoever name known, and al other minerals and mineral rights, whether or not similar to those herein mentioned, below a depth of 500 feet provided that Grantor shall not have any right of surface entry to drill, mine, explore or otherwise operate upon, in, through or under the land herein conveyed, in the exercise of the herein excepted and reserved rights as reserved by Edith A. Smith, in deed recorded August 18, 1983, as Instrument No. 83-958085, by Luis M. Guzman, in deed recorded June 17, 1983, as Instrument No. 83-683479, by Anna E. Erman in deed recorded June 6, 1983, as Instrument No. 83-628245, by Manuel De Leon and Maria De Leon, Roberto Garcia and Yolanda Garcia, in deed recorded August 8, 1983 as Instrument No. 83-910106, by Efrain Areilano and Elva Arellano, husband and wife and Efrain Antonio Arrellano, a single man, in deed recorded September 13, 1983, as Instrument No. 83-1070195, by Francisco Fonseca and Josefina Fonseca, in deed recorded August 25, 1983, as Instrument No. 83-989092, by Edward H. Olson, in deed recorded August 23, 1983, as Instrument No. 83-997128, by Ronald L. Vasquez and Constance Mae Vasquez, Verla Botkin and Lorraine Botkin, in deed recorded July 7, 1983, as Instrument No. 83-769579 and 83- 769580 and by Noel Valentin Bernal and Graciela Bernal, in deed recorded September 26, 1983, as Instrument No. 83-1131450, all of Official Records. 06 0092354 This page is part of your document - DO NOT DISCARD Al 06 0092353 RECORDEDIFILED IN OFFICIAL RECORDS RECORDER'S OFFICE LOS ANGELES COUNTY CALIFORNIA 01 /13/06 AT 08:00am TITLE(S) : DEED J n L E A D S H E E T FEE _ D.T.T� FEE $3© FF � E.N.F. 94 2 CODE 20 CODE 19 CODE 9 Assessor's Identification Number (AIN) To be completed by Examiner OR Title Company in black ink. Number of AIN's Shown is 3 I O- 0 2 3 - D.-6 14e' 0-0 A THIS FORM IS NOT TO BE DUPLICATED A 1/13/06 RECORDING REQUESTED BY LandAmerica Commercial Services WHEN RECORDED MAIL THIS DOCUMENT AND TAX STATEMENTS TO: City of Vernon 4305 Santa Fe Ave. Vernon CA 90058 APN: 6310-023-064 Escrow No: 09400525-904-1-139 Title No: 09400525-70 G- 9U92353 Space above this line for Recorder's use QUITCLAIM DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX $0.00 "This conveyance establishes sole and separate property of a spouse, R&T 11911. It is the express intent of the grantor, being the spouse of the grantee to convey all right, title and interest of the grantor, community or otherwise, in and to the herein described property to the grantee as his/her sole and separate property, and being given for no consideration. xx computed on full value of property conveyed, OR ❑ computed on full value less value of liens or encumbrances remaining at time of sale ❑ unincorporated area xx City of Huntin4ton Park, AND FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Giselle N. Cerda, spouse of grantee do(es) hereby REMISE, RELEASE AND FOREVER QUITCLAIM to Ricardo Cerda, a married man as his sole and separate property the following real property in the City of S. Huntington Park, County of Los Angeles, State of California: See Exhibit A attached hereto and made a part hereof. l 61.56Lt A-f, 0-6 OF CALIFORNIA COUNTY OF LA!XS } SS: On 41 -672 •d4P , before me, eta a Notary Public, personally appeared d it 3Ct►LAW Ct¢ pe. , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instr yKe t. WITNESS my hand Signature FOR NOTARY SEAL OR STAMP MAIL TAX STATEMENTS AS DIRECTED ABOVE 1/13/06 Exhibit A All that certain real property situated in the County of Los Angeles, State of California, described as follows: Lot 22 of Tract No. 43028, in the City of Huntington Park, County of Los Angeles, State of California, as per map recorded in Book 1042, Page(s) 3 to 6 inclusive of Maps, in the office of the County Recorder of said County. Except therefrom all oil, oil rights, natural gas, natural gas rights and other hydrocarbons by whatsoever name known, and al other minerals and mineral rights, whether or not similar to those herein mentioned, below a depth of 500 feet provided that Grantor shall not have any right of surface entry to drill, mine, explore or otherwise operate upon, in, through or under the land herein conveyed, in the exercise of the herein excepted and reserved rights as reserved by Edith A. Smith, in deed- recorded August 18, 1983, as Instrument No. 83-958085, by Luis M. Guzman, in deed recorded June 17, 1983, as Instrument No. 83- 683479, by Anna E. Erman in deed recorded June 6, 1983, as Instrument No. 83-628245, by Manuel De Leon and Maria De Leon, Roberto Garcia and Yolanda Garcia, in deed recorded August 8, 1983 as Instrument No. 83-910106, by Efrain Arellano and Elva Arellano, husband and wife and Efrain Antonio Arrellano, a single man, in deed recorded September 13, 1983, as Instrument No. 83-1070195, by Francisco Fonseca and Josefina Fonseca, in deed recorded August 25, 1983, as Instrument No. 83-989092, by Edward H. Olson, in deed recorded August 23, 1983, as Instrument No. 83-997128, by Ronald L. "Vasquez and Constance Mae Vasquez, Verla Botkin and Lorraine Botkin, in deed recorded July 7, 1983, as .Instrument No. 83-769579 and 83-769580 and by Noel Valentin Bernal and Graciela Bernal, in deed -recorded September 26, 1983, as Instrument No. 83-1131450, all of Official Records. 00 0092353