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HomeMy WebLinkAboutStanford Tharp and Faith Tharp - 1988-09-18 1 r ; ' � a �ir•li �. r7��is r... r +�.., �_-! A.1 " -. �'r• t ti. -' ' r"liAl�`(,r.J l"� i 'Lr ` ' '4_,,�rj :�i-. 4� l �1 t1 ` „• ~ ,�M 4 ,;1{r+,_.� •, : 'J :`ft r r, ;;;111 t .tS t, "Cy� �itC� 4, .d� �,i',,. �4 1 1 } -` l - r , •,y1� t►'� ,d: r•t-`� ,: S .!, :r' r r �' , •rr' 'JI 7 a.fiL �';f1tj. J-434i , M I • .!:ti" °•'� .`.y .,;tt`'!�'a•,-:1. �� '•,: r ,', !t �� y, lf�•� . � •;�! fat' ''��'"c7 `��.' ;, ' - t � .'.`'"'�?"�'.rn .. f.::' • rc.;,T Y 1! _ � .�+. 1i^'r ,7f .l t .+� Y. � l r ,rr '+� t�ti)� r 't�'r.!r R t.' .:� t 'r•'+� t:, t '�' '1lJr � )a� {(� '..� t '�� t fS � ,� •u o. ':,� 1�'� •� �i„ �tx : �' ,rc`' ,.� -' - .�'t; ,,, �1 , f'J:, t. ,. . ,,. .+� ,,,1! .:'j!� -•:•. ,.. •'� f. �, .r. K �.:'!t,X P•, r1A:,! t , %,',?.} . t:,..•, 1 t"l i :i� 1 i '!, , , •�t , t� �f���,'r �,+ ,, rR 'a!{ r,.. 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AGREEMENT FOR SALE OF REAL PROPERTY ' BETWEEN STANFORD THARP AND FA:TH THARP AND THE REDEVELOPMENT AGENCY' OF THE CITY OF HUNTINGTON BEACH t l h :yt tu,lt 4 ts. ty t f J�" ,t ,J� 1 Alt ^`"t _� 1 j ,�';: � •� : }'+� i'�rF^\ {194, i,t 417' #'& This Agreement made this day of /' , IF pj . ; ` '� • � � � ',��°� ` j. 19f3A, by and between THE REDEVELOPMENT AGENCY OF THE CITY Or ' a r 4.rt � rt t xf�: , b HUNTINGTON BEACH, California, a municipal corporatio ' agency ; sg1r ( "BUYER") , and STANFORD THARP .AND FAITH THARP ("SELLER" ) , for the �• F r �,E f j, _ r ,7 tt �,��, '� ' 11 ,3►.4y purchase by BUYER of certain real property. , r Whereas, SELLER is the owner, in fee, of certain real ► 'try ; t;,;x' zi,a Fri++ (' "'' property located in the City of Huntington Beach, California, more .tTt, ,t-v, r1►r� �F �!,' fully described as: c Lots. .18 and 20 in Block 105 of Huntingtont Beach, as shown on Alt1'. a map recorded in Book 31 Page 36 of. Miscellaneous Ma ' Records of Orange County, California. BUYER desires to purchase said Property for cash- and SELLER F1 ra ,r •� fir, ; i desires to sell Property to BUYER: ` T- y,-�+ _ �,►`j.'�� t �'• NOW THEREFORE, the parties agree as follows ' ray �+; y, PURCHASE PRICE. The purchase price for the real property is Three lilL�dred Thousand and no/100 dollars 1� J{As 4300,000.00) . `a ee to exec S• 2 . ESCROW. BUYER and SELLER a rute the escrow � :�4 ;., `�tj•,�t;� ,;fit, l`'t�') t ! instructions and do all things necessary to complete said escrow t 4 , a-��F�J♦s lip p '" ��`• in conformance therewith as attached hereto and incorporated ��faf'gr1•�r,i'.1 r,J'C�, Yr .tern. t J�•a t�^ r�r - ' herein by this reference as Exhibit "A" . "i. 1';f6���'! 3 . CONDITIONS OF CLOSING, ?'he close of escrow is r _ .A _t d art � w conditioned upon: a. 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'`.,f_•, 1 IL .yh .�• :'; ",.;, s � ylY:,. + ..„t .?L.. ,,,{ .. .h • v_,•.�..�. _,u..�..:, .. .. ,... , >'•, „ /{.' +6"9 A,.. �+7 � I" l 7 x• t r� '!a. • e.. ,...,+ ......».... . ►...�..".�w.1'•h,..,:+..,u'�� ' ,.r' 'r•: �„ f , J ,:,, O ;FS,�•�4 `:Sa .f,,, . c".. fit,, * s �..5# r vas r , h e11 in+. .� ?' x, b Delivery !J; �` f �'•F;, :'. �t '.� t ry of California Land Title Association ' ,'f 1J „ `"tr t ` :,F'� (CLTA? title insurancepolicy S7 }1:� �, ��r, 'r in the amount of the full purchase cz t • price subject Only to such liens ,Y"lt�tM�r �fi •Zt , encumbrbn e , ciclads or ' C p x 1 , , r!K , �J ,�� , conditions as may be approved .in writing b U _ �•� , ' t:*� C?. ,, r ,f r'r�' � � R' s At:.ornEy. r �{ `�'r g y the BUYrt -ti,# .I t%.1 � �3 r !•t 1 µ�.�, •�Ir r . • t r t'•j ' � �k , .�.� +"r C• Delivery of poss: ssior of sai Property to BUySA ;,lf Ca or 'its immediately on c. f escrow,, nominee,, lose o w, free and clear . of ` r�`�!� ' ,` r��,� J, ' + all a uses and occapanc'•.ea except as `�9 Vl�� rr' � 'r1 • rl P 'DYER may agree in writing. -- , , • ,?< i' ',�`„~{y��'�'�'i 4 . FAILURE OF COND71IONS. Should an or the �jl , ':i' Y,, .• ; f y conditions �,•F' r ,c;., " p occur within ified in Farayraph 3 of this Agreement fail to !� r � it �, /� e:• , thirty (30) days after the crate �1 , . hereof, b;'•XEFt shall have the ". lr x rcxsable by BUYER, to give wri`.ten notice to the escrow r • ',�1 t halvah and to SELLER to cancel Ruch escraw term?Hate this 'f 7� Agreement and recover any amounts paid to escrow holder on account r t ►.r'Ytf yr fi,[}�?, ` ',�r � ': `>•� '. , (j } ' r• ,,r:r: err of the purchase price of said Property. eecrow hold �'' •�`• , 1>,�t� '-�,� + ;� '� � The holder shawl �: t<• he, and is hereby, irrevocably instructed by DUYER on an s%t'ch p t �. failure of conditions and receipt of such notice from CJYER to w r+t:t �r�. ♦F r lt'i, Y �t 1rt'f. y r y�',��'i�� �' � •T�+1 f ' , 'j � ,r `t C' 04 immediately refund to BUYER a monies and inst, ' all `'uments deposited F 02 by him in 1 .' �• ^ ,,�s4�f, ;�'�;'1�rr eacrc►�,' pursuant t o this A reement at DUYER Is op*ion or:ly. r fatk r_•' >w 5. FRORATIONS. Insurance, Insurance Premiums 8 nd 5 .• `',� t r,,�,c;K' i�� ► POssessory Interest Tax. There stall be prorated between SELLF;R and BUYER on tbn basis of thirty (30) day months as of 12 :00 midnight on the date of the close of escrow pursuant to this '.�,7t J a 7.1 yU.' 1 t�Y a y'c•� contract: y (,/ 1•t.� i of � �,ts��! A, a. Real property taxes levied or assessed against ' 1 itt r, ' •;�' " �. "ft ` !�`!,�;`Y said Property (including t 9 any water tax or water rate levied against: said Property for the furnishing Of water thereto) as shown on the latest available tax bills. ,' �� •I ;!=���tiy:,J f��`� the County of Orange by f ' � (µ`;� 'Y law will refund all tax aid b s r ri irk s r,7,� P y SELLER covering periods aA subsequent 1��'•' ra� Y%. art 'J M. • k a•r,t ,,t , K- ,i1,,���' to title vesting in BUYER. , !:. i • ,d'i • r FL �,yr:� j Y,} 4,! w 2 w r Y///r • 3 (,.. � �1� '1!• ! �1�1,ti�K���i t��;r , I �1' >])ir ,,, L. ks! )��7�-1 1 � � : V r, <t:,_ , ,',,. t:•'r t t• r{� ,rr , � �u s! ! � �,. !r � �, J19 r 1i.t yA,. i ,:t � 1 � ,• '�r,, 4.� ! ... ,,ti �'J + :�f t r t ',i� _:�1 h ,.uA � t � t) t �t ,�t Yf C �• 1 Ott ':�tP •>:i, 'r:'� f ;,) f ! a+)`J • �it 1 :„ r .. , yyS Jf r r 51����' :h. , ' rl� Ir EI' r,, ,t�•,� . ti•� 71t V�� , r t i , _ i �3 1 j` { 9• ♦ i Yl 1N�—S '' !3.V�f !C," J e 4r, 4,`� rlst r i yf � Y . l�Yi' '.:, �• ` �. 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Y ] i) k'{ :./• tier'.yt(i'J~ ,,_..,,+� • le t:.�( .(� ,i t. �` �, ,trf Kr 1,{ ,..., •�' 1,,e: 'f.'��� a ,:„ 1��• '•�'t^.�s �•: x r;' + x.1* .:• a ,' L `er 't t ;t' - .J'. fir, rr f +'. ii '�♦ 1� •'�+J' 'L+" , r_ ,r ) t s� '!t �• �1 ..�at,}!,_ 1;t t, +-. t t r :� Z4' I` `� . x" ty-,�1F*`�:f.M�� -..1r :+ .x: l�. �\. •f`� {f 1 r:, t , r. �f � t �,,,�'1= y .y1� . � l �!'' -�i jj o 'Gi •�',� 'e r 't' �^• 1 e .. . it _, r: ,�• 3.t� C' � im 'C t ," C��t�,l, ;1 .'. +•,. ,.. y„a ...:• e• l ..".:. fix y`. t�4�.� i�..+� +. Tt f•a .... �_r (� %'}� 'r.. .�� .-i: � � �.:F: t,�• �� � ¢N,�,a+• .. - •,k , ... .l..a�` wu:w..,...:..i�::.:�,...f'� '1r:�i.:eL.i4"LnL:.:��:.........ts�•:Yi�.r» �,. :1R�;.11'!`r�:...lK+L.,..:li �;:.�:+ •v..ti ",«a:.��-•a.rs3. ` IT b. Premiums on insurance policien acceptable to BUYER , insuring the improvements and buildings, if any, on said Property 7r �V.t � r 1 1°� t r '�� t��• 1 f}� itgTii;,st damage or des by fire, theft, oo the elements. r ,; t1'R et r..:y I��l r;i,1� i,�) �� �,. •�' ,f'��� ��1 ll�.0 6 . BONDS AND ASSESSMENTS . Any bonds or improvement x ,,-.•�'C ,� 1 � 1, ^ {�( ' � �t IX, � �'�j� 3 ; {�'g�, •»••t1 i " Y':., ' Y��'�' w, assessments which are a lien on s�, :d Property shall, on close- of •� f3 escrow, be paid by SEirl+riR, except those li .ns imposed by the City t' j rf fiuntingtor Beach or the Pedevelopm::nt Agency ol the City of arils r. rJ rt»lr t1 /r J N Huntington Beach. 7. BROKER'S COMMISSIONS -' ATTORNEY'S FEES. Any and all finder' s fees or commissions due to real estate or other brokers ~ ` and all attorney 's fees as a result of this sale .of said Property r P, '� �r7 �� }J.y'��i,'S; shall be pn id by 'SELLER.Irk ' d . EXPENSES OF ESCROW. The following expenses of the t' escrow described in this Article shall be paid b BUYER: , H. The full cost of securing the title insurance r; policy described ' in this Agreement. fW b. The cost of preparing, executing, and acknowledging any deeds or other instrume•azts required to convey 4 title to BUYER or ),is nominees in the mannel. described in this i • �#� � Agreement. M4f•'T Z1Yd c�iti�t�+try, C. The cost -of recording a grant deed required to ' convey title to said Property to BUYER or hia nominees as described in this Agreement. d . Ally escrow fee charged by the escrow holder in f t`' .}`'• addition to the cost of the title insurance policy. . o_ OWNERS EPRESENTATIONS COVENANTS AND WARRAN � _4 , TIES.' As r.R an express condition precedent to the Clase of -Eescrow for BUYER's ;y t � ? benefit, and in addition to any other representations, covenants r and warranties contained in this Agreement, SELLER makes the M r' s: ! 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S:1S y (}. r9 a 1 rflrjr 'try' ��� '�' t,11 J,f I'• t1_�fl�� � :Y�;� �++ ..,.z ,.a a�ay- , .1 eyr 7 si,• , a' .., c;IS }y1 �, !� �. ; ` �'.• ti ji— _ollowiny representations and warranties, each of vhich is true in to ,�`'t' ~t ,,,, ,}> r rA / 4r,i i-, • •���'`y'' all respects as of the d o h Agreement, and shall b true S 7 h F�t o f this s r >r � .• r K yJt 1� •iS d`�'1 r ,1� � ,� r f kl/, r !t 1•rx't � .. ,_.'. � ' tY�;{ i in all respects as of the closing ' dare dare (as defined in ,the the Escrow li ��1ti � t r»a�i/SNI„� �Cal -�. ., v.� r �S , Snstruutions ) : !�; � , ; :.,f�N�S�►,... 5 R'.•t, '.:s ,t ')(,•, +;� - ri "':4'pr' 5 '`r."' r �i''. i 1 a . AUthori.Ly to Sign. This Agreerr.ent and all 'she R s�i! �'r;`�', ! 5`C•V t '.� + �. , documentiv executed b the S that are to Y SELLER ti r be delivered to the ,„ ��,� ,�„� ! •,: BUYER at closingand at the closingwill be dulyhs ed J.?� '1•.1, t ''• , f ,� , , . are, / autor � / executed and delivered to the BUYER; are, and at the closing will r�CF�.r��ri• ,.�' ,;�{ l�.r ii iC .�F' t+ 1 1 ( rr�i, ' * v� be, to the best of. the SELLER 's knowledge, sufficient to convey dl' � ,� a� .>` t , .art ,+ > �• title if they purport to do so; and do not, and at the closing I: I t +�, ir jjwill not to the best of SELLER's knowledge, violate an provisions of any agreement to which the SELLER is a party or to S which SELLER is subject, including withou ; limitations any prior �'' 1 ��'�f� ter tii;r��\'•j'd17 .7. .. . ";;L' t � options, purchase agreements and/or escrow instructions. 7 V3,f b. ExLi inn_ t:ontractE'. At the :losing, there will be r ' J...�fr,J,xJ dtR' �y3 '{ 'r no outstanding contracts made by the SELLER fur any improvements ., 4 �+ t �• O to the Property that have not been fully paid, and the SELLER Lr, Ash I, �.'� ` .tr•j k ' , �R �', shall cause to be discharged (in such a manner that the Title company will not show the lien(s) as an exception(s) to i.itle • 4 °, �� 1-1 n 1ILI' und :r the Title Policy) , all mechanics' or" materialmen's ]ions J e Al arising from and labor or materials furnished ho the Property • t' r,drZ, 1r, � 7 +Jt �t(%, prior to the closing. _ t , ''� � c. Title. SELLER h6s, and will convey to BUYER, good , • and marketable fee simpa•- title• ' she Property free and clear of ,K '!, rY:j all liens encumbrances 1f• , ,,claims, rights, demands, easer.ents, ,. leases, "licenses, agreements/ covenants, conditions, and restrictions of anv kind or character (including, without limiting `�Y: is � ,,+',,�•; ,r .�, } ' the generality of the foregoing, liens or claims for taxes/ -4- ,.. vz 1, ^rtx w ,r` 1-dr ',y_, •-..' t 'i [-,;,l.r t` t 3.', '� + �i !. ( h tr ,t i.�LZF ,. �};�.,i1?t �r`f' t a: r� J�;..}�tl r` ' Y��i �lTc$ ;J lJ) u•i l� ° �fr-ti.tltipik s:r` tF,? '�'/ �f�ti)rf�, r',zr r '' �ytr 4+� titrli jic?��; � f'i} ,��{ , � �.1,, ,i ,la+I a rJj �-y\l!!ar{,•, } .l�S) /S�R�•t�dw t5 a'irl Yri 4.y� `,/ R +Yf'�S Jr 1 arYr tr s !V a. 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'�y 1F �y _ ,' t ' X•4W }fkA`! � � t ^ ' �' +. r', /:. � `"'•! t IA :T t ,..+�� �: " -,'''! M14t`"�'p' i .z;*•..t•' E •, :•_ y _ t11-' ,•. ;i _ r.• .i} r ` �{' , .�/� e��t` t� u, 0. ,, �•, ..7 } ,4 ;,,. ,. I.. .r, �: {{'', _ .," _ r3 ��t is'I f I''1- fit+"' a`+�. It•1 �r r � .-t.' , 3 r(� t y jj t Fts' •'+r " -'^ ft •.!; -:" �: IA"'. ♦ •'i :i l,. _•. -f.+- ♦ +, » .r.,:,2 y_., 7 •,�• .� .; .., t�, _ _f '11. '...`s . .(, fIf. '� - � Ot_.,", j ,� ♦'' � 1 :.i-'� �.�. , i day 1' �r �,,, i•, ,r,r A'•, 1 �r. �. • t�r o� ,",�v r2 ,t� .� �"M mortgages, conditional sa:.es contracts or other title retention �a � ,,t 1� '' r t•t r F :�, :I+y if >c�l,r! frt rk'� {cJ,° tja` agreements, deedn of trust, security agreements and pledges ) ' i01.frr S`� —"' !� •'1i s,y+"ta a J ^' ►� r i r{ t`, `. P except for those exceptions to title shown in the assessor 's '�, r , +`_r t r �r}',�,t � t`'t•� f ^ Parcel Number 024-152-02 Litigation Guarantee as „tens 3, 4 and 5 attached hereto as Exhihit "B" dated April 20, 1930, which shall } 'PI J t t ii '1` e i by be replaced by a title insurance as rrovided hereinabove during � � -�.,•,.' �, .�;�. YA" J ar •-xtt;. ��' escrow hereof . SELLER shalt not encumber, modify or diminish (31 title to all, or any portion of or interest in, the Property � wi' hout BUYER's written consent. G. Litigation. SELLER is not involved in, nor doer SELLER have knowledge of, any claim, proceeding or threatened r tel: a •t ifr litigation, administrative or governmental proceeding or t4}•�4Kti y��r, I' �- � I S ` I t?' ,i: lt'tF , �.,, i` 1 •1p gyp;�:„ .e s:! investigation, relating to or otherwise affecting the Property or S t / 1 tf•�7� F l4 11Itrf7`rAa.f�r3, ;:ti.', !, '�' It��fs 1kr"' the abilityof SELLER to deliver good and marketable fee simple � Y�• title to the Property to BUYER , �� � •1�p Y .:,At. �r e. Tenants. There are no tenants on the Property \7 yy I 1 t 1 21«c ,rw 1 j t;� •,�,� t4 except those approved in writing by BUYER ..y t yy x` _... �.f.�.Nitt.��dA ,.._•.AIL'� le�.SELuF.F�:JIS�L�_�...�Zlat of SE RIB knowledge, any previous owner, tenant, occur ant or . 1 t A f 't. user of L• e- peirty has used, generated, released, diocharged, , r ' stored or disposed any hazardous waste, toxic vubstancea or }t, R r G i 777777''��`��`� <t related materials ("Hazar w s Materials" ) on, under, in or about '� r s• .-{;,fit f.. p' flk�,�� r 1'f t q ► � , 'fir ` . _ . a ,._,�, the Property, or transported an zardous Materials to or from '.p Y� p y the Property. SELLER shall not cause o ermit the presence, use, generation, release, discharge, storage or dis n al of any t Hazardous Materials on, under, in or about, or the t sportation �' ��'rC {ltry!♦,�, o� C 'fr'^th"Coperty'--4-be- L I,f it - t -, ., ! t • to I •' 1 t t{t•+ r r t iit,11^`,, + ,1 MA•C{CiYR•r iA/'�4 ' r i:., f�+w',�L:.Y�i ,, f' '� !1((;�'� .+b it '.�.,rjF "'.r {+' 1 .L°. .L,�,,i sl f + � .,r� ,4 tl.' .�}�' - 4•J ...}i •,. H; ' Jf . t�_ -tc 1� t« rr+t1:F,L��+lf''' y,l t •, I t• I c.,)', r,+� - '�, ,, r't t 'ia: `Tt•'•�t�, d1, {Rt�`..•✓ •3+'i ,(', ��, Ye'•+t iah-y ,y,` t'•+. 4t6,� •ir�, t-.,,1'• t�"t .J..11 :} , `p ,b-'�s ,. 1 � ! t5 : It i�)I,Cf{r� tl S(7i �• .,,;1�7.! (�1•t ,:r,~,r � '�, .4. t' S�..t.31ii 1+ '.t'r�./.4� i.�.;. �.'I,. ,�., i� ,: ll i� If �S. �' ., �1�, r -^�T 1 .?.r "rr{) esi t r. '' 1,1' +' r: �,, 'I 4 t' j• t J' ..' s n �,{•,•, p:. ' ;; :71rat. ,i,•�iAa �, )t it1 ,, s s,.' , I'• ,;!1•{r .} ♦r ;In :,r�. t i , M �y�` �i. 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In .47..��Iri/.:..uJl� �•ai r..�- Ic;J s, -. y J -ire { ,,.1'1 1 4 1 ,�s � t,•}f r r' y.�y/ 1'iy .I!' � uhl �� � 1�. gpn rdnuA Material.-shall mean aay slibstarice, material �• ar waBF1' whi h in or becomes regulated by any local governmental authority, � Y the 5 ate of CalifnrnJ.a, or. the United States Government, includi g, but not limited to, any material or substance which is (l ' , i) defi:� as a "hazardous waste," ,,extremely hazardous waste" or "restricted nzardous waste" under Sections 254151 25117 or ,f' , 25122.7, or li ted pursuant to Section 25140 of the California 1 �`t1�ir }.��yAh t�(��)r Y' ; 1 ',!� .�*�'�$�., •r��47 `s, health and Safet Code, Division 20, :'hapter 6 .5 (liak:ardous Wante Control Law) , (ii) efined as a "hazardous substance" under � I•,1 '1�, r +} la Section 25316 of the alifcrni a Health and Safety Code, Division IT 1�• 1 Isr:; V M } 20 , Chapter 6.8 (Carpe ter- Preslev-Tanner Hazardous Sub3tanc@Al Account Act) , (iii ) defin d as a "hazardous material, " "hazardous substance" or "hazardous wa ell under Section 25501 of the S y 1 "Ir �i Califor_nia'tlealth and Safet 'de, Division 20, Chapter 6 .95 t. (Hazardous Materials Release Res once Plans and .inventor ) , (iv) defined as a "hazardous substance" under SeCLfon 25181 of the y, Iq California Health and Safety Code, D vision 20, Chapter 6.7 (Underground Storage of 'iazardous Subs nces) , (v) petroleum, N. j (v- ) asbustoa, (vii) Ziolyahlor inatpd b ph nyls, (vi ii) listed under Article 9 or defined as "hazardous" o "eatfenely hazardous" r �,�y�;'�'�'YF;�1'±.t -`'����, 1• ter./r�'= pursuant to Article 11 of Title "2 'of the Cal ornia Ac'ministra- • { five Code, Division 4, Chapter 20, (ix) desionat d as a "bazardou$ sfi substance"' pursuant to Section 311 of the Clean Wa •eir Act, (33 4 ' lT 'd r1; Y�7x <, Ar tt n 1 .> s , „ �;� IT.S.C. Section 1317 ) , ( x) defined as a hazardous wa to pursuant to Section 1004 of the Resource Conserve.tian and RecoV y Act, 42 � U.S X. Section 6501 et se .S. s (92 U.S.C. 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Nf applic le federal, state and local laws pertaining to air and �� i•�R t�Y��ri ♦� 1t �4 at t t'.. � �i j•�1 \/ �L:Y 11 t.l�/ '1 w 7 i' 1�Sd�'r�•f0 >i ,l 11 es,+r r{..� �1.� ,�fi� \� t ,f f. water qua ity, hazardous waste, r:aste disposal and other environment 1 matters, including, but nct limited to, the Clean t ' or. �.,t. ,tit tit, ;' fy Iti1, c , 7 �., i Water, Clean r, Federal. Water Pollution Control, Solid waste `� {! ''.`�� r, r i3 .1 ac ' • ",�i .i.� ' tt•.; `��tf�}Se,p+t � -. I "���`S'•,'Ti !..Disposal, Resour a Coneervation Recovery and Comprehensive Environmental Resp nse Compensation and Liability Acts, and the 5Y,�" +14�,�> :y California E.nvironme al Quality Act, and the rules, regulations{ � ,, ' � 'r`�, ak'� and ordinances of the ty of Elunti,igton Beach, the California 1 f!�� ,1 t , 1 'rt •. Department- of Health Sera' ces, the Regional Water Quality Control , t r~ 3�4 k. K, � '7J(,,4,.�w t r Board, the State Water Reso ces control Board, the Environmental r r Protection Agency and all. ape cable federal, state and local ! F agencies and bureaus. ! 7 v E h. indemnity. SELLER shall indemnify, defend and hold E3U'lEl' �, t tmless From and against nv claim action suit c rr : ,?roceedit%g, loss, cost, damage, liabili y, deficiency, fine, t punitive da aae or expense inc�din without !� �• �.�r, x,�ti Penal y� P ni m _ P ( g� t) ?,': ` tti limitation, attorneys ' fees) , resulting fro arising out of, or It based upon i) the presence, release use en ration discharge, P ( P , , r 9 , storage or disposal of any Hazardous Materials o under, in or r;4� about or the transportation of an such materials o or from, the Property, or (i+ ) the violation or alleged violation of an statute 'ordinance "order. , rule, regulation,, permit , ju ment or rl license relating to the use, generation, release, dischar t •,tom; w' I�ki' t, fff�3 ,h�k storage, disposal or transportation of Hazardous Materials oby. This inde �, W -7- tjlt s+ \ ' �N'. ii ,�);f� �"�,i (flit•% r1 t-� „`� at Il�� ���•t �U :Y t t `I �}1e� •,�i r ,: r '•. 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Y yy -Re ldp.--withoutii'"rrii-c'rti^�R7---b{i}}—(3ir�81�7g4�f—,� t1�?�,l�r�. �—f��i {� ,►{', a 91, penalty, nitive damage, cost or expense arising from or ou of t ai " , +r'•n ;(', any claim, action, uit or proceeding for personal injury F' J Za sit 11 �JI ri'J t t :A �'/'�'+ r ii,l (including n 4r s' iht fth. rl 7�, r ,pk (,t ,�;� � ( g ickneos, disea or death) , tangible or intangible . 1 roe a�� � i - ,,:�'• p p rty damage, compensation for l wages, business income, profits or other economic loss, damage to th tural resources or !•S r r t ,t 4 `i 1w��. to}� ,Ir. ,� •�� L`1Pt ��: the environment, naisanCe; polllttion, contamination, $ spill, 1, ,J f�•tf•l �r t� r�� ,r.., � � adverse t e ;, �i�``���. •.h YS y _ c_ "'Lit— -1'!<.�L`RV1 • 3 t t�.r't t �' }' . 30. ATTORNEf S FEES. In the event' of any controversy, , claim or dispute arising out of or relating to this Agreement or the escrow or as breach of either the Y , prevailing party shall be `;_o icy rr F ''Alt1t''�•; I 'f « •�' entitled to attorney's fees . ' xr is THREhT OF CONDEMNATION. The parties agree that the' , Property bei.ngi conveyed is under� threat of condemnati'6n by the � BUYER. BUYER agrees to supply SELLER with a letter evidencing its 3Jw' S intention_ to condemn. ,t 12. NOTICES . Any and all notices or other communications rl•.. J , �r.1�•4 t ~i r•�j+•:err ys"fit} G A {r, rq;�,r � � ; required or permitted by this Contract or by law to be served on � , 4, . or given to either party hereto, BUYER or SELra,ER, by the other ° r 4 party hereto, or. by the escrow holder shall be in writing and Ir x it tr'. i l shall be deemed duly served and given when personally delivered to i w� any of the parties, BUYER or SELLER, to whom it is directed or i lieu of such personal service when deposited in the United States mail, first-class postage prepaid, addressed to the parties at the •• z', J addresses shown below. SELLER may charge his address for the ~ fJ purposes of this section by giving riritten notice of such change to the BUYER in the manner provided in this section. 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This instrument contains the entire r1 agreement between BUYER and SELLER respecting said Property, and r vI 111 rJ '. r �•=�a�`r •� �r� 1 ' any agreement or representation respecting said Property or the �tl���p/• ! f lr�e�� ��1 1 �♦� r 1. C�,��1���p�� t���� ;�. t.• i7<<•. , * y i , , duties of either BUYER or SELLER in relation' Lhereto not expressly set forth in this instrument is null +'t ld void. ,tz JI 1C 'ir��i•. 4' t s. EXECUTED an 196B, at Orange Countyi 'rJ J California. � ;•�l s r::; . C fir+ .. �;� •'� `.' tY`�: �' ,fir �F ,hr'" a• SELLER: BUYER: } 47 STANFORD THARP The REGVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH i a . �, K;„• >r. ' �` ' t Sr "4 '�,r�•---`�-� municipal corpoia ion of the }, ,,cs.r�s State of C lifor a /{5:� FA .�3'H T RP i i 1 y 1 eI". i , t. . i j !Z. ,r w It tls ti•;71 f t to �r f.�{ � l:t at J•�fr 1+Ifs ,� S ATTEST: A ED AS TO FORK:f� t ' 1 ,ram t�1lI�a b'�► - t t � \t`i,�l• ` i S• 12uLA •r r f t�� y. 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JA r „ • `, ti u.u"� !VV MANAGEMENT GUARANTEE 16 1 . . �,`' rt� • i A •tea r • j) 4, Amen'can Title Insurance Company Firs 70 I Y Y,'�'7' C• _ fa' i %�_�t •r+���•A�r :ham C f �tr.y♦. �� ,� r - h .t • . f (f1b •.. • • a y t EXHIBIT "B" JI Fam I U4 • ' _to f • •,`♦ - .. -. F..y;. ,:, - ♦ ili � � 'C. '• �\4 +r' L� �+{'l�_`�''K`�°•;t i� 'R S..a ` , ,.�:�'� _ . • d. - •�- ♦ .a/n ♦','\�,j "_ �± ffT �'!Z'ip•�., y�'��•'�i' r r 4Z�tw�!' r�y+�j-• _ • _ � .,� _ t./ • 1• r,t�i. 1 t • , Y -- A �l.•. �.r�' y : �. ��e�L-'y pry''�J4 .ilk 4�) 7r�1� + r- ,._� •. ,,•�1' -� .'f �1 ,Jt w :� - � .;,I. - .Y•"��I_ ,"�, a ' •r.' A * .•,���'_�:` f ! i ��•��:rl',� �.�.�+r �♦ •�fi.l•,i- a 1`% r �' A ,••- ••a, a - �..• �. ,:�,• , L ,, a , ,•� '' ; ; �� ��-_ .,• �'� ,, �•'• - , as _ _" �. �, _ i r♦ • :a;to.t-i�'{r ;•��; t N ll�� • '•r»'.!�',Ary•f>>, "I t'k • :�r-�`- �. •` •• r r(♦••/ a t. 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OF HUNTINGTON BEACH NERBI;t CAY,LEL'' THE 'ASSLMER, kGAINST LOSS NOT EXCEEDING THE LIABILITY AMOUNT 'STATED ABOVE WHICH TUE ASSURED GRALL SUSTAIN BY REASON OF ANY INCORRECTNESS IN THE A13SUn]JICt3 trH XCH THE COMPANY HERE13V GIVES THAT, s ' r ' ACCORDING' TO THE PUBLIC RECORDSr ON THE DATE STATED BELOW, r , 1. THE TITLE TO THE HRREIN DESCRIBED ESTATE OR INTEREST jfAB ` VESTED IN' THE ,VIESTEE NAMED, SUBJECT TO THE MiTTERS`SHOWN' AS � r' BXCEPTIONS 'HEREIN WHICH EXCEPTIONS ARE NOT NECESSARILY SHOWN I, y IN THE ORDER OF THEIR PRIORITY; 2. rTHE' NECESSARY PAitTIES DEFENDANT IN AN ACTION TO CONrEMN SAID L ' F LAND ARE AS HEREIN STATED. DATED: APYin 20j1988 AT 7:30 A,M. 1{ + a YIRST .AMERICAN TITLE INSURANCE 'LCOMPANY 4 , s 5 BY. D. 'P: nNNEDY PRESIDENT t a DENIM L. 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Y.11}.�I. r...1.,r a.: , lir,Y.w .:a .iL..ir +f C.'tis iR..aJ.' ip A Af Z X lookr. '.� f�t:L�•}'it,li ,,; i�lt:,-i t~�ya�lC�, : ./ � `r, t 1y+.''�i, i� f�i�"�fj L_, ,`. 1`•V 7"NI 1 `J)t � , ,► r Y :} f r2M1 '• •.�� •�_L� y',�'�.r .l:} t+E yc rl`'s r try 7L` ( }'''� ' r' - .T•t- � ♦�^� Lam.. ��k �tl'(*T,� f, } 1� +t ''F f � ,, ' :'�•' , LITIGATION GUARANTEE t�• oR••1494e64 „i ' �' (CLT,'A •• REV. 5—:-)-73) 1 u t fr'" f :1" '�,M ,,�' � "' • " s` ' �', �` ' T x P TITLE TO SAIDL'BTATE OR INTEREST AT THE DATE HEREOF IS VESTED INs �� i ar t ,}a ;�TJ < �?ZI 'T ' r•;; STANFORD THARP AND FAITH THARP, HUSBAIIS AND WIFE AS JOINT TENANTS/ BY DEED TO THEM DATED AUGUST 20, 1984 FNO14 TAMSEN LEE :11ES1XMCJRE1,hND yr�'+� WILLIAH TODD WESTMORELAND AVV UEFFREX C t r, • ,� ,,x � c ,; ,.. � ,� r ;XDE WE$x'IdO.RELhND/ RECOI;D D �,+�'�f •��'� { 41. 't t t tl1> CI�1Ti OCTOBER 5, 1984 AS 'INSTRUMENT NO. 84 -414730 OF OFFICIAL RECORDS. ,• "���"� � �� � , j [ ,;�i sr ;i 1 r+r /?-' �Tr',fit�{►?r ',' '1 ,, ��1.,. `,', THE ESTATE OR ,XNTER%Ss IN THE LAND HEREINAFTER DESCRIBED OR REFERRED ' t ¢+��� : lg,, t�s�`` i - ��'°`• TO COVERED BY THIS GUARANTEE IS: rl I` A FEE. , t,�j�a T t tY. ' EXCEPTIONS: it ! r ( �4,rka',{,i It GENERAL AND SPECIAI TAXES FOR THE FISCAL YEAR 1988—L9091 A IaEN NOT YET PAYABLE. .' fad , ` t,�.t�.�E„'`✓' ;' , f _ �{ ;?` 2. THE LIEN OF SJPPLEMEh'TAIs TAXES AS' ESSED PURSUANT TO CHAPTER 3.5 COXMENCING WITH SECTION 75 OF THE CALIFORNIA REVENUE AND CODE. TAXATION 3. A; COMMUNITY OIX, AND GAS LEASE KNOWN AS "THE FREEMAN COMMUNITY , '1{ z' :,• i `' s � aY. OIL AND -GAS LEASE" DATED DECEMHEI` Z�, 1954 EXECUTED BY E h BL1La 1 / ♦ 4 I Ill WESTi�iOltli,L1ND ,A WIDOW/ AS.: OWNER OF SAID: LAND AND BY OTHERS AS OWNERS OF OTHER =!D, AS LESSORS AND BY COOPER & ERAIN, A C0-P)IRTNERSHxP ,'VNS.CSTING OF JOE COOPER AND J. E. BRAIN, AS LESSEE, RE Ct?RD$D JANt1ARY j e; 13, 1955 IN BOOK 2923, 17AGE 80 OF OFFICIAL RECORDS, TO WHICH RECORD , rS P i ,:� ,'+,'r . �,�: � ,�'; „• REFERENCE IS HEREBY MADE FOR FULL PARTICULARS. pa j4 r 1.. h:�a i• r't 1At's VARIOUS INSTRUMENTS APPEAR OF RECORV AFFECTING OR '• PU3tPORTIEfiG T�3 �� ,-IFFECT THE INTEREST OF THE LESSORS AND, LESSEES 'UNDER S'►ID LEASZE, BUT THIS GUARANTE£ DOES NOT CAVEtt AN EXAMINATION OF OR I INSURANCE: AS, `'X't) THE EFFECT ' THEREOF/ OR THE PRESENT OWNERSHIP OR CONDITIONS OF SAID , k ` LEASEHOLD. t ��Yr. > ►1yi.:. SOLUTION NO. 3081 ADOPTED N'OVEMBER 10, , 19.69 BY THE CITY COUNCIL' OF THE CITY OF XUNTINGTON BEACH SUSPENDING '1APMITS "FOR t � DUTLDING3, PLUMBING GRADxNG hTC AND ACQUIRING THE HEREIN N1.. + 'e / • / '", ='• `rt's Dfi$CRTHED LAND FOR'-' PARKING, PURPOSES/ CERTIFIBD COPIEB ` OF ITCH ' r j '$+, RRSOLUT.I021,WERE RECORDED, DECEMHER 8, 1969 IN BOOK 93.57 PAGE 338 , OF ' , ► OFFICIAL REWRDS 11ND REWORDED FEBRUARY. 8, 1°78 IN BOA 125S5, PAGE ` j��w�+ ,,►, 11333 OP OFFIC IAI, RECORDS. ri fk�;t:iiff'„S �;}', PAGE 2 � ,h• r r `'/ •� `�y�r,: is:,.'r •' �} ' , 1'i '�i (f':. 't4 '-tj�' •r4.�t ,,'�`r., .,��tr r L. 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DEACH ADOPTED NOVEMBr 16 1970 A CERTIFIED CUP,. OF WHICH WAS , I • , OFFICIAL RECORDED FEBRUARY 6, 2978 IN BOOK 12555F PAGE 1840 OF `,,, ►t= �n, t '�r � �' t+`i�i♦tt r a.n p r �' Sr t 1 RECORDS DECLARES THAT PUBLIC INTEREST AND NECESSITY REQUIRES MAT ,,� )',,j ,lES..}r ,r )'; �• ;} 'r a•r , �, i tj.t, ACQUISITION BY EIdINENT L�MATN OF CERTAIN LANDS FOR YAKKING PURPOSES , , „ . rG'l BY ORDINANCES 110. 25781 ADOPTED SEPTEMBER 20, 1'382 BY %HE CITY rt ` COUNCrL OF THE CITY OF HUNTINGTON BEACH, A STATEMENT OF WHICH WAS tt t; RECGADED OCTOBER 61 19A2 AS DOCUMENT NO. 82-352397 IN OFFICIAL RECORDS v THE HEREIN DESCRIBED AN!1 ADJACENT LANDS An.E INCLUDED IN AN•D ti i 1 •'1`� ~F ' "' MADE A PART OF THE HAIN PIER REDEVELOPMENT PROJECT AREA. S. ANY RESTRICTIONS COVERING THE FUTURE USE OF SAID LAsiD, A5 PISCLASED BY A Q1S7'ATEMEPT FOR •'1 REDEVELOPMENT PROJECT" , RECORDED A5 r . r'�r)2 ��rY .Y�• ' INS7'RUIUNT NO. 82-352397 OF OFFICIAL RECORDS COVERING THE HEREIN DESCRIBED AND OTHER LAND. p 662 THE TERMS AND CONDITIMS IN A DOCUMENT ENTITLED "ABSTRACT OF Y '•ifr sG� ,, � tf .' ��;ra,:.. • 11 "� t 1 }t i 1j OPTION AGREEMENT EXECUTED BY AND BETWEEN STANFORD xIMP AND FAI2Ii Y �) TH.ARP, AND PACIF-C HERITAGE DEVELGPMENT GROUP RECORDED MARCH St 1906 �r�':: t ) ,��, + i ►:' AS IIISTRUMENT NO. 06-0 9699 or OFFICIAL RECORDS. 4 r` .<<,fr" t f ,l Yrf• ; i `1 r�"{ �i�, t.. aj,•! „'t ' r .lttr + eP + `t.. 1 � c k �t' t c 1f `{rA • " r7 5�{k,' it +'' a l •!it �' r � ;•ry7 ' �t:1 2jJr: '' 21ij} r � r�,�t11� 1 r� 7���• j%�+ ��i, f rt' 1.� •. r` t 7 }�� `� 1 t'��� "`IK'�f w �l�tr t�f. r j; �.�t •, � ,r'4� ytir,.h,t i'�) .yy�J ++��++yy7 f L '• . .� 4 In . 4FNyS`� �ti , Y Ir�+#�,l� r►'t�t { �`,}�" 1 1 �7 9;,.�. 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A !J ` tL;;r� atl, •M1'v1fiYt S, Alf 3t y �• - ���fir''.' ,1,4'� l�r.!S�c��'• � ,,,, , tt by,'�, Y { tK 1 1� f 1d i Ir IB � F z L.s, • C41 t ,\.•.. 28 ,C )?(�,�Ur�,f��n• _ � t� ., tC •'1 tti IyL�.} d.'i f 1iit tl lx, ,,•• t�. �1 ' w ' ••ti J.. } /rtAVtA(xp4m BEACH M 3_ NO • aSSESSOP.'S t4LOCK@ �� eq,yrr t ASSESS019 S wAp ,• ; PARCU NIUA48ERS GOOK?O PACE/S WP/ /N C/RCLCS 1 i OCEAN SHO C COUNTY 0?0PAWEjwl <4 r I'? M t Ik*,4'. s 1 tFSiT +'�A"�I�p7Et.?' r1+3�37i�t'i'J!'7Y 'tar,;,tl ttra5r+—n >R�*t+dr.a+•r , X } r 711 ..; 1 � 1T r.'�t, •. ill',;: �,'�' ` :��l�, 11 j,. Syit";',Ix• ),. i�. J.'( 1•{.J:•:' � 7 A i.:r.#'r •" ' t S, ,:y; 1� I, t 'lr,, t, i''{1 � � '' ,;(�� •� ♦�7 ':)i ,�r3�:.1j;�` y.,irr iy,J,'+�', "1.��•• +-{{ ,,,/ •.(. )t r•t. r, r! �,) 'i r tl i,.li't/i 'Yl t r t,JL f t� FJ.�l, { ,,, �7'�r"i.k :{: (i,sit" /, rr 'r, J• 1. ' :J t :i+, { rl ;iJ 'ttR ��\tyl` 7 4Jrl1jC tftla'yr{)'1 +1i�/1 ll:'i.� �... to Ft l t 7 ,{i�` .`,-.. J .�r,,,.i,�„ •�,f ) r r rJ (r i Y:`'}' � J'Cr�, ! � t'!+: 1{ t:• r 1 71'�•,{ff „ia r, yy, iCl,�:fjl t,-t.k )'t,7 1yt�,ri';;:,/� .:,:.: 5'l• ,!,`. t'I i t , '�,., � r >, 1 !.. 1: 11'•+�.� 'I:Zi`'�! •I:...i 7 y 7)' i:.r 4)'l,. r. '�..X'!1• . '(. i ,•�,t�,'}/ p ,�J:i}�, '�1 L, 77t;. r i l,,A�i"(i �i .'i:t� �,�i r iI ;11 T, .,t, '� .J'.'�' �.i J•e .'4.i: l ,r, .L• -1+�. 'r, rar. '1.,. 3, -, ,,. y,:a�' l`, 1 . t •J, .W 1: 'rt �':{, �S.-.1 y).. ,tom . � ) . , .t''r.•, n"i�. 1!''f r ''. ,�. hJ :;t L , 1 ff,1 �, :I:', t ,��. �'i i>,�I r / "'i,. •'G; ,, 1 Je � ix •� `,J r t1 , {.t•�, i. , ,, fI, -. ,, '{.',SCI � ('.,11•i ` -'.-�;t..�.ri,C•'7 :I:1• J.r , .1 '7i .,. •.r - !,',x r '>,� :,, r . , : ,- •.td.., ; {',.- i �a ��, L♦f,`I. t', J ',. ;t.t1.,Y{� t,' I;T, It'.'yt, FJ'' : r t r ..., .. �„ ae> • ••.; �,> ;;�r •lv1,'.:. •.:':"h,,^ "s;...") '�J`.. t,.,, -e ,1. .J• ,rr.; .,. *. �. -r: r �. �,. ., •'�7 C�••�/,�nya•,r�L'�d t .,,,' ".,r,..}7r..r.. .t;.l?.r. .',.:..t cd •;:.i dt ,/ ?'• :�.,� li :, tti' � ,,it," I(1 :,,i •FI r. I r .i, r.Y\ ",, , ; 7�r-,.. ,., � _: .. .illl - �. x ;) '.�. .11.r• , ';� r r o ' r Jr �i SaJ a6 �t J rrir.L,rL Y f •+ t"r�" y , 2 i, ,t 40 t a it F '' i 1 .¢{t r/ in � ' � tl•�l «. t •. , yA; > '_r) to ��;/' , J MA OvuAnite 0-3• fj , 4 A,/ y, 1; tl •' J 1 } � �9 i ' i 'sa�nq' r4lt'rr• t rjt i !�y .n+x•tt t t if _ F•i� t ,, ���1 ,HIS` 3 'tt t ,~z�c: '•i �t GUARANTCfr CONDIYIONS AND STIPULATIONSt t ft�., aY 55{t ry i ') I' 1. Dofirs(Il►,n of Yornts In Iasi to the AnureJ within the tniverage ni tills Cuanculce, or to i ' r� 1`t , pay thei [till tonount of this Guarantee fir, If this Guarantee si � ' -j� `Y.r.1. t1./i s•` i- _� i'• 'The following;trrmm when used fit flift Coartntl•e mfnn: , ' x ) tl_'fl f sA IA 1, •, iwird far tilt.isenefit of a holder of n mnrtgul,ilia corn ally Alta 1 > , 1, 1 V" , ;) ° (a) 'land": 11te land describril, %IwOricimy or by wilerence, in have the option to 3plin-hase the fndeRedliess ac•.urrd by said �, z�' {,(1�°,4' �i t�_• `{ c i _ + Jt'`�;' r;.rjrr '? this :uurnldce nnit i'atpntvenunls affilcd thereto %%hich by law nutft{,,ttre. Such mirlcaw, v.47tient or tender of payment of the t , , +=7,. V, t )`t full Antolini of lite Villranif-v Shall Icnntnalr all llnblltty of the cttnslllutc will property{ Cnunp.lny herrondrr, in the anent nricr nnthm of claim hat been ( Ili) "nlblie temtds''A Ihasu record+t\hlch iri snit tinlslmttivc uaUce given to the (:tympany by the Assured ilia Coinpalty Mien to t',;: 4`'t=�+� �'. �•:.t 1 it of inallr•n tclallnk la sal.\ land; i :rrbasr Fuld fndrblctluest, ilia oy\ner cf sorb tndchtetlncss steal! t , lran,fer and wign sald Indebtedness And 11w readings sccutrttl.; ' { sr ' (t 1 date", Ihu rfrect c date; the sumo to (fir, Cc+lnpany upon piymcut of this purchlase itticv. ` rr i '>' (:1 the Assured": (lit- party or parties naired as the Axsur\-1 In if Coarantre, or fit fi wrt,' tl'; v%mitca it)' the d, tlitaflon of Liability --•Payment or toss Y'1at m lh SlliyldCtlnCtllal �1�� Sk rf ,�•• s + s't CcmpauY; 1AII)lZbo liability of Ilw r�empany nndcr lhii Cuaranten shall bitIid to the amount o ssu f actual loss sustained fly the AredM "mortgage": ,tarl}•,1{;A•, till-] or Initt, Not dt•rd, air nihrf •N•t•alnt., of reliance liven the asitlranrel here t " , , in set faith, but In i fir. , ;', seclnity +:,tru,.•,► • *ie C%111 shall Auch liability exceed IN amount of the liability lit t i s !fatell on the fnt•s page belvd, 7. tf:XClttslons front COvr+ra oaf Till Gul."litoo 1 6 tr i"'wr g 4,) The Comfiani wiit pay all cases impost-1 ui%an ilia Assured fit The Company nsspmCs to Itubllity for lo%% fir dam,vt by rravat 1ittgatloil carried fin by the C.'on_•inny for the Assured, end all y 11 }•,` _' of�ac following: l.\nsts and olttitncy's fecit itt NU .lion carried an by Hto Assured , \tith the writterl nuthorizatlon of , the Company, 1 (a) TAxcs or as.wsstnrnis which Are wd shown m e.tisting liens Ily r 1 life words of any la\ingg nulhnrity that Ict•Ars !:\rt fit Atseasfncnts (r) No ch fin for damages shall atiso o! In! tnatntninall a under i'• ,• r 1� all rut" uniperty or by Wit, public rvoirik this Guarantee (1) if the Company after having recelved notice j r ,',� of An alleged de eat, lien or cncum trance not show l as An Et.ep• + " t !ls) Vrijiatc:(ed inlning claims; reservations or vwx-litlons in ksat- lion or etc[udcd Iterrin rrtneves such defect, lien or enetimbrtrra tints or fit Jos authorizing; tl.;: Awnnty thritof; ualrr tights., Wthln a rra\onable !lint- Our reciilIkt of such notice, or (2) for t 4tffi '. t;• "'' H' li ,;y�•� 4 clnlm or till-) In wMer. habilily voluntanly nisumrd by tho Atauml 1n settling any claim 'I or suit milhout written vonseni of the CtJalpany. Title to filly property It-3-end the Hillis of the land expres+i) ' t# '. ir+{ ,+ �� 4esctfbetl fit the descrtplfan set ft.rih'in thts Guarantee, or title (it) All iy:lymcnts untie[ thfr Coarantee, except for attarneyi Pecs to atrems,reads aventics, lanes', wa)o cif H11h'rtt'n):S air tt'l1iC)1 tt:ell w proyidc-) for to paragraph 0)hert`of, -hill reduce the amount f i 1 i-;'•^, +A t,U,,` land ahuts, or life right to maintain therein vaulls, hrlinrls, ramps of the liability hen4lru er ire lanlo, anti 'to payment shall be - / !_ i�i; r ', or any other structure or Impru\emenl; or any rights or casenrents ,Icicle withonl pmdocing this C tiaranlro for indorsement or such ' - 1`t , i therein unless such ro it iris its or emoments are r-x yresdY payment unles\ the Goirantnr be lost or tlestro rd In which case 's n ,. %t, i P► Yr i 1•)' > r t;fie c' 'lit f� +;,ianti six'eifically .el forth In salts t escriplion, lima[ of such lots or di•stnictlon shall be funtis'hed " i the Fall:- t aclinn of the Company, 1t (dr Defects, liens, encumbrances, adeerus chims ng-linst the title crti r. � ! f• r fz ' or. guarantor. 1 or other matters (1) rrcatefl, snffcred. nsslsmtsl or (e) When liability has been definfiely fixed in arrortlan.ye utlh life as,'rL`ed to by one or mura of the Asalrcc'l; or(2) r salting In no clelditlon► of Ihts Guarantee, the lass or damage shall 1M payable + V /. 4ire-,41}L' tl+ •;:, loss to the tt.:.sured. within tlitrly days thereaflrr, nik�r�•r'� �;Ail g t � t/ f t.`' 7. Sutarogalfan Upon Payment of Settlement .t ' ' ere r• `� 3. Prosecution of Actions t 't,tt t The Company shall ha\o the r;glit at its own cyst to institute Whenever the Conslwity shall have schlett a claim under this (a) ' , 44,1*t,k� (�'�. ,5 L t:'ti ;f and pre.ccuta tiny A IMI or procc- ling or do any other act\s'hfcb Guarantee, all right at st hrosatlon shall vest to the Comparey A t: t, t: t, ,, 1 nnaf(ectcd by Any trct of the Assltrt-1, And it shall use nybrogalcdt t to its opinion may be nectssfiry or Alerlrahle In eslablls t or can- to And be rights And remedies %vhtch the Assured firm file matters herein girarintcol; and Ibc Company may take e entited to al 1 a t ' t ' t+ "'•% an a ro yriatr Aciten under Ilia trims n[ibis Gufitantec \\liclhcr would have bats+igains p t tiny person or ro11tert in respect to ch 1 ti�► ,, 2Z ,. t; )' pp claim had this Cuarantee not lKva isslfetl, if sutea payment does ^ ;`t, t •s or no It S 1.111 he Ifinblc tllcrr IMICr And shall not theivby omce le trot cover the, hiss of the Assitml the Company shalt! T > y provision hereor. I Y xt suhroaztecl to such rights and rrmolfes in live•trope Lion which said !taymcnt t i)7j i'4 �, .r (b)in 111 cases when the Company does so institute and ,msectlle )cars to life Amount of said loss. The Asstiml if roiucstc,'d fv the � n`. r 1 f , any aclln mn or I tiding, the Assured shall lw rnit the V.tsmpan)• Company, rhnll transfer to the Company all rights tend rcmctltcs rr + '' LS , "i' ( ;+ to use., at its option, the n+roc of the Assutrd for such icugxtsc. against any perutn or property necess:,ry,in order to periect such J k,,, , ' E #t'`� Whenr_trr mlu�stol byy the Company, ilia Azanml shall giwc ilia right of ntbmgation, and shall ii,.imit ilia C omntny to use the t " �L 'r 'j ' -' Company all rnsonable old in pmsccuttu „tail rcihtn or ro name of the Assuml in any transaction or litigation itnolvhcg such r p• Y yt p• - ' )f�z`i;) �,k•, 11�";, -!ing, and the Company shall scimburso the Asstired for any rightz or remedies. r I' 7 j,+c y rzilettso sty innurcd. + •�` .IN ' / +++ ' I S. Guaranten Entire Contract j } ^ 4. Notice of Less--limitation of Action Any aclian or actions or rfgbts of LAfon that the Asurscd snag h*y'C ''' `< A statement lit \%'citing of any love or damage for which it is or tray bring against the Company arising out. o[ the svb;tct claimed the Company is liable under this Guarantee sh'lll be fur• matter hen.-of must lrA basal on the pmytsfons of this Guarantee. i. ¢ n(shed to the Company mithin six! drys after such loss or damage I-to provision or condition of dais Guarantee can bc- waived or T. l�ty t sh.tli have lya:n d"ktmfntll, anti ins ri lit of altar, shalt scents chin ed csccgl. by n writing ent:ortled or allached hereto signed11 to the Assured under this Cuamntca until thirty days after arch by t e I=resit ant, a Vice 1'resldent, the SCcr�tas)rr An Assisi^•t p j• �Y,+ statement shall hate been fnrnfibed. and no recovery shall be- Stcntary or other validating officer or ilia Company. ;t. y had by line Assturd under this Cuarantee unless action shall IM 7 commenml ticrreon within twit years rfter expiration of xatd 9. Notices, Where Sent Way Clay period. failure to furnish mich ststc`mrnt of loss or All nciticcs rednired to be given the Company find Any statement � f" { ,fit„ ra, A tfr.:.•,, damage at to mmnxncc mich Wien within the timc hcreinllefore g l ' in\\Hein rctlutrrtl b 1>e[urnichctl ilia ComisAny shall Iv:addressed fi r, sperifcti, shall he n mnefusfve bar against maintenance by the to it At 421 Nor' Main Str ct, Santa Ana, ('slifamla fl2701 ar to "�'+ ' rr� }.SSi1rCt1 of on action nndcr this (,uamntcC, r SL':` Y the rTcc tt•h' ..,stud this Guarantee. �1' s �;'1 t •r t�1�t J tt'r F s r 41; S, Option to Pay,Settle or Compromise Claims'` t.,. F . k 71r.Company shall have thn option to pay at settle or trnnpronicc 11t, wr vip cifird on the face of this Guarantee is the total fee roe ` k �; It for or In this narmk of the Mmired Any clam which could renslt title rcarrh and examination and for this GuAranteo. 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(k •''1..:.'.f,: t �" Y t' i2 - yy .1. ;�tr ` 1 �5jl .f xia' 1! ,fir,.' ,l q 'r ..r(i..�'. �'It. :.l,w,-• [ 4 .a...' ...:..t�F'C w� �.-..- --`.�•��.•. ,...y.+a•�...`.:.,;,:tbriS/1+.f.vr. yK..s.....1.:w►. :1. . �:1. �6 ( •yl, 41 ,i>S}� • �1{f .j+l r 61 ��, ,trl�� \1 t,�'i r �/ `A t `, PARCEL NOt 024- 2-02_...,,. tt t ` r i. Iasi TITLE REPORT Not RR 1494iMi ►� t+! PRWECPt RAIN-PIER REDEVFJOMM � AGRF1711:lrT FOR ACQUISITION OF REAL. PROPERLYos z.;Q'`}' i r �'1 (FSCROM ItiSTRUCPIONS) .'+'" 11rI5 AGRFE1fftJ1' is entered into thia�,der of , 198 , by and U' ,' a S!�'`�r �K .ram 3 •"y" f ,: t , a a., r^ ; 4►a rt 1 between the ROM MOMENT ZENCY WF 71iE CITY OF 1MO UMN-O ACN, (hereinafter n n "Seller") t ,i rt ,� zv , x► ,. r 4 iY ' called Duyar ), and the undersigned owttor(s) (hereinafter called fat i 7 ,L oc%uinition by Buyer of cortein real property hercinafter sat .orth, , 1 r r+ '• ` '; ji{ i r. : t ► rhl , I_ I5 HEREBY x (� T 1fUTUA1.LY AGREED Db`1�EEN 711E PARTIES AS FUL.DIIS t � . [+ w 71,. r� 'l 1. ACR�'1Q7�1) SELL AND iVRCIU.,F.. �jll:r agrees to mall to Buyer, and Buyer It ���,w r 'y� lrr ��; :'•�y �.ytr,fri'+c, - + '' f tl.; �:;' + '' a . l� '� •' �b,,�� IF,,�,• . ' , t�. ,., ,,� ;• Braes to purchase iron Seller, upon rho .erns nrtd for the consideration set forth „ ,; �'�t,r ��'���•,,• ' 1 ,;�?'•4f11� a I ' ar l �' • i{ in this agreement, ell that certain real property (heraitiafter called "Prcparey") YI ,•;? s , ° �, r2 situated in the REDI;'FLOI'!(FiNT AGENCY OF 711g CITY OF 11UItT111CJOk1 BEACH, County of ORANGE, Stato of Cdlifurnia, and legally dnscribed as followat 1 1 s F�`'i flrr J� r " ,} � { 11 +�; �1 f •" ia' r r t,t", ' ))4 > SEE EI011DIT ,k,, Anon 1rFA1r'PO An BY 'IRIS RMRFIICZ ;LADE A PART NERtJDF tie � Y t i Excepting and reserving nll ra, hydrocarbon substances and nireraln ;,f every kind and chmicter lying !wre chan 500 feat bolow the surface of said land, to ether with the right tc drill into, through, and to uaa and occupy all pnrts ofoaid land lying more than S00 feat below tho surface thereof for any and all purposes incidental to the exploration for and prodt:ction of uil, gas, hydrous.4.•n .i- , ` '•,'� ° subotances or nfnerals frnm said or other lunch but without, however, any right to use either the surface of said land or any portion of paid land within 500 feet of ''�` ; i �'�` v ;;t" f;f the surface for any lnirposo or purposes wtutsoover. :',, sit t:. r�,•y fv f�.; i x. PURCHASE PRICK. The total purchase price, parable in cash through et:crov 1> r r .tt + �'e kY, ,.� shall be the sun of 17 r rc.fJ 1,,, ,�� r• � 'mot+,`�f'`-�r y, � +JrJ� +i;`r, I M. 1G s r , h� :( AIRIHD4ID THOUSAND AND NJ/100......................i..DDMARS ($300,000.00)N + , S s{Fj ► ,74' ifs 3. COWMANL'R OF 7`TI7�, Sellec agrees to convey b Grant Deed to Buyer ( i g r y y markiGbla L,% sample title to the Property Free and clear of all recorded and unrecorded :lens, encumbrances, asaeasmen,a, casements, leases and banes F.ECFP'ft ;•F 1 ;. � { W ,r � �++,���1���r. `�,•� ' ;' �"' ,fit; A. Taxers Fiscal Year 1988-89, n lien sot yet due or parable. c D. Quasi-public utility, public alley, public street easca+anta and rights of way of reCCrd. }•1• :;r. r,� ti, v <, 1s, r,Trti ;7ttz t C. lte= numberud� 3s415 of t.♦ above nuaDe:ei title report f 'rt' ►, iti Mz, t; issued by FIRST AhtERICAH TTTLE INSURANCE QMPANY dated AFRrL 20, 1288 D. NOh7: `, t :5•. . is ��tl, � � ..f' 6. TICLE INSURIINQ t'OLiCY. Escrow Agent shall, following recording of deed to Buyer,r ,� M: ` �F, ,, ,�• l ,���tr.x •;, provideBuyerith-MrA Standard Coverage Policy end Title Insur nce in the 2' r t 'J1;�lti'' smount of $300.C( .00, issued by FIRST ANP L'CAN T11 E 1hSWHCX M PENT , showing the titli to the property vested in tuyer, subject only to the exceptions set forth +#�.ta ++` .Y * in Paragraph .`• y�1�IX�.8�t7e7ISJ�uy.'L�11/k�IQ17�.XatIL�C=Jt�pl> it�Q@CZ���l�L1��Xr.JCX�1ty�tJ?C 1. F si y J. •�;, L� , i L� S. MCROq. Buyer agree: to open an ercrow in accordance with this Agree ent at FIRST ANERICAN TI1LE INSURANCE MMPANY . 7his Agreement constitutes the joint e9crew Instructions of Buyer and Seller, and Escrow Agent to vlt6et the8a "•, '� ' 1�Y �'� Y (�3-,%' instructions are 4alivered is hereby empowered to act under this A reenent, The partins hereto sgrea tii do all acts ne.eoasry to close this escrow in the shortest ; possible time. t , `h• � 6 F1 -� , 1. ,- { 1 ' +r��-; ',• Page 1 of 4 "Requires initials of parties �� I EXHIBIT "M `1 tt yr, r/, <J 11,t� ' }+ ' `, '+✓ ''1.. {rr ''r G` lf... 1{"f 1, `:', 1r •�: i -f'� jt' S M��� � ,,,,r "r l,sl}ik .� 2 _,•\ C .,i ;, 1 J� , � + }. ,, f ryr'J'f . 1 ,,• [{rtY trl Tt,`�•+ ;� k}}inl'C r� r t r ti, 7 ,tr,,; r r r /w�crl �� �' 1,ff a{ 11 l\ ry}�'�tl,' , j� t. ,;� r f _'j f i ¢ t+ .� S r, f1 F .... '�`• j:7 � r.v.'1. •, t Y ` r.i, 'F, r r Y,i. •t',. ,�.,r., ',i + I � +'S► •� �•, rr1'•1 + ^t' ,Sr• 4^ s"', t• tC' 1+7 ? t \Y P'1.'(�+, } �i. 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'G '•`i..� I ', 5�,.,.r,r.! �0'r.t: Irl, \' I rd :J1: Sf 1 • {' µ r u , t c:.6 r y 't 3, '' r!i `._1 1L � ,eJ �w�►� , +t Y:� Y Y ( P ilk f � ? „r�"f17'�ay i'' 1 'i.:,t t 1.,.i j` _: - '1 't •}1 (t } � „f ` t„t ' rtt, ` ''i'"S,. , fin rt 1 - • ,. yY k ti d !". ,• ,'�► ` ,ff. 2�1. I+ J, t (. i' .f ?', �. , �w„r , -} r {.-r i 1 { t. rl• '1. 1 If �(' => t� r '°'*hr 'r. ''�' nh� �> � Y,5 I �.li'Y j` +r .'t •k aWry'._r F' ..,, . yry . . . ' '• ���� 1J: �„'i� w� it , , f 111' i' +; ' • .i � if err , ;� ' �t' ' .,'• ..7. .Iri'�'wl r"r`. ' o ,"_�� �y°'t .l ''.11�•:i ` ".�t - •+,+� tr -� , -ti. � ! w' ` + , '�' 1, J � •�, � :: ,::E.r• •.- z:x. ..a.,i'lr....'.,....p,,. �'E•. r `r.r , ,1tf i .. t �.f •- t' .., ;,. Lti _, �r.i ,...•..r.tr a,r-.,rr'L• .,. LY �S '�r��_'.. 1,, ' r ,q r,� r,}...� y' C Jl{ T, i..•. . ...-...... �... YLL Y... .,.'Y.rl...r'.!'I L...•.i-i�ail 14 X .J'4.�.:L:L •l. ` P tH1 �' •'f w i�'•�S Fi�l;�. try` .� -... ',. ,j !`,,`; -�t � , a, t 1`,.�f r �• t. Seller has executed and landtrd a dead o D ' t nyar, concurruntly with this AgrecL'ent. - As aeon as Possible after a enist of escrow, y�� 4 r'! .lF,,' t ",�y �;�,+ . r'� P 8 Buyer will deposit the executed deed, .� with Certificate of Acueptw�ce attached, with Escrow Agent on Seller's belialf. Buyer a3t',es to dapoatt the utrl'ano rice upon demand cf Escrow Agent. p p Po B Buyer and Seller agree to dspnsit with Lacr:w Agent any additional 1nstriwrents as VAI be necessary co complete this transaction. Ir t Insurance policies iur fire ur cabualty are not to be granaferrel, and Seller viIX �E` `_. s �• cancel hie oun policies after close of escrow. ,y, t •E�, lie '' A All funda racoived in thin uscrow shall bb dapoeited with oilier escrow funds inn ganoral escrow account(:) and way be transfa:red to any other such eucraw trust i7 mot!a account in an, State or National Bank going business in tha State of Califnrnia. ' r1 All disbursements nliall be aide by check from ouch account, 1 l , rJtiti r.4 Yj i- LJ�i h},�:�•/} 1Y,z}7r1 1' ;,}} ESCRCN AGENT iS AU1710RIZFD AND IS PIMUCi'F.0 WI COMPLY i1f711 7NR F011D INC TAX *�� .'� ,(• .� 'j a r... ;l 'r f t-• ADJUSTPEIM PROCEDURFst �t , tlthy'�•i '! lx' A. Pay and charge Seller for any unpaid delinquent taxes and/or penalties and interest thareon, and for any delinquent or non-delinquent anseacmente or bondu r.gutnat tho propertyl Farrow in not to be concerned with proration Seller'a taxou for the current fiscal year It thin yarrow closes between July 1 and November 1 unless current tax Information rw is available frra title insurer. In the event id tax Information in available, Sellers taxes shall be prorated in Acccrdance P tt with Paragraph C bayou. From July 1 and ensuing period., when tee: information t t r is not available, Saller'a prorata portion of taxes due to close of lsscrew. shM bs claarod and paid by Seller, 011taido escrow, pursuant to provisions cf Section 5082 through 5090 of the Revenue and Taxation Coda of the State of Californian C. From the data that tax information In available, an per Paragraph B above, ' ,1y1iV F. up to and inclulirg June 30th, Seller's current taxes, If unpaid, aliall be �,r r t4, R �} L .+ proratedi to data of close of escrow on the bauic o! a 365 day year in }' 1j, nit= acrordal:ca with Tax Collectors,} r ' proration requirements, together with F. penalties an,i Internet if said current taxes are unpaid rafter L`aceaber 10 and/or Aril 10. At close of c :sow check 31 } } P payable to the County Tax Collector for Seller's prorata portion of taros shall be forwarded to Unyer ;+ �' ( ; ,_ 1 : with closing atutersnti ,}{ z J D. Any tuxes which • have boor paid by Seller, prior to upening Of this eacrcv, tr i T } zJl shall not be prorated between Buyer c•...d Seller, but Seller shall have the , `, 1•rE, '' solo right, after close of a'tcrov, to apply to the County 'fox Cnllectr•r of f , a:Id county for refund. This refund would apply to the period after Ru er's ucquisition, Furnuant to Revenue and Taxation Coda Section 5093.7. y ES' i.01J AGENT IS AU7110RMED 70, AND SNAV.t t3 .` ti� F+�� ` rat{S ''i +yi'���,,' �• tl.y �S Y' f E. I'ny and charge Seller .for any amount necessary to place title in the J , condition necearEary to satisfy Paragraph 3 of this Agreecent;t tt f #' t,[fir •if ,t ;jf' ? Y. F. Pay and charge Bu7,tr And Seller for any ,atrov fees, charges and costa payable under Paragraph 6 of thin Agreement; G. Disburse funds and deliver dead when cnnditions of this escrow have been 4 �,• 11 ` fulfilled by Buyer and yeller. escrow" i 11ta term "close of !' and where tic' „ . .tt2u Lt thr:aa instructions, adtal.' tuna iY•;�' �,• -1,ti,,,,r t .1 ., the data necessary in3trument:s of cony-1yance urn recorded in the office of tits " 'r. '' Y•, ,` County kzorder. kec^r'ddtion of inatrumente delivered through this, escrow is t Y +2 1• b' r •. authorised If netaaaar or rope lie of title t t,; } i 'r f#:'f•' ' '!t r Yi.ri inaurance. y proper in the issuance Of nand policy l' Al' rims limits within which any mttor herein specified is to be performed tay he , extended by mutual agreem:at of O.e parties hereto. S u`t p My amendment of, or rt i r.LL e ty it »x slipplCcent to, any instructions must be it; writing. I "A,,r I<<i ' TIRE IS OF 7HE ESSENCE IN MME Ih577tU.r70NS AND FSW IS nD CLDSR A5 SOON AS ' " !t 4' 'A.1 ue U =+ I'O.;SIDLfi. If (except for deposit of money by Du er, vhIch whall b�, tmde by Buyer Er " +� Ah40` ; , s �" upon dm=d of Fecr�ow Agent before close of escrow) this escrow !e not in catiditiaa t.r i,y , to close vithin 60 day& fray date of these itistructice,s, any party v1t: `. :;• tl ' tf*k , . haws fuL'• complied with his instructions cos in vritin leeand the rera.,.-of'Fria »:one Nr l' 8t � y property; but if none have complied no demand for return thereif shall' g ". fin ', l} �- l�f F,i ?mot S r ,tl'. i E' '1, " N,i: '` � � _e• F �:t , ',+ 7t1 ► / ,., t i j } , t ''+ A i) If E F� f r . ;jr.�t'. , ! 'l .•'a ) rat;'• i a�(•�r, },31,,�,i,, F,. J ' �i r �t Y'� T,, '.•- -r i( '` 11. 1 r � �_�!t' T.,. 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' ._ '. �t'} ,I� J ''! ° ,?`'. 'i f L�..C,e';}•�, }3y,'+rE .r'd�' rr'�•r?1 �rj'Ii�A,}� �5��•i'' �'�7" ...'..�4'���.;:� tT lt�.,;s.•I - E _.Y ' 3: :,l.r 71 , -1 J. ,, ,r :( + �,.. ]tlj7:-"!y' �,C;,::IrN�i �1,f�• r /+ ;r+"(/ .i 1-. • i, } � i JE �t,r' �' + .% , I t'• t i '`� ,�jY.l 1♦�•'�' .'�/'l�'��s �'�`' ' " },a S. "'.+ r ' �• -_ '�t• � .t!i � r' S'' l 'ram ,t. . , V''; ECG t, rlt�•'�r�?4 �5�1��'J R?'1 `F # i-SJ. , :ti `, t �, .[t:\ 11 •q t. (.>y*.y.�,,r.1�,t. � 1.'4lr.tii'! 1'•) !hf' iYl r',} ' ,rf•r ' �\.If t '� .i' 1, :1, i ''Y ' t ' ,t'< ;''Sr.. ' '', , l^ ,�11 :.Y' Ji , t+LJ't.x.c'i!'H•y}�,, F{ `,{11 • � '�t� 14M a C t, r. �'i1 ie i'�I ).. �, zt d i > r . a� y,n .: �. � t „!,o} .r.'., {+t'..��' !{ tt I...i• - i.,i �.a �a'� ,1.� t"' •� s •' `"" I A I it r , na} ! r , , I! s t A° « y a..,. .Y � 4 }r ...,. c--.• rj ._t.,..-.. 1 '�r7 r, c /! ;y�r:'7t),4 4i A7 L� .�.• ',.-. .`. ..'-', '• t}. :;r .h, '!.t ''l•'>_ ll i : '1 - : - 't6 f,J.' ,f��'�i'j �`,r�•' ry�:'� 1, "l�ri '' 1;. r (l .. 4 ., ^y wlN�,�`,r,.h14,y j,:ntd.�d 1 �( �l�• it 1 ' 'lot r � :. . ,• ,•. ,i �' ......•w l..r..:.w:..... .1.,..:.�w..1,...:11�..S.:a.'._�..•��...r., .,...�..._..,. ..r.-it, ....s.. ,,. '+...r .w..a.ar:r:«�,.•s-�Y,w.•l+`.•r+..+« , •" �`,� a r f: � ,• ��, is t or. , t;r.y t •.sti')i' N �:. ? be recognized wail, fire (5) dsyu lifter Escrow Agent shell turvn rvilod cepids oI i�x t TM jti� t such demand to all other erttoe of the gee ectivo addrentas shown in these escrow `` ; r' " "•'fl���1 t i. j���'t4"• : inutructiona, and if an P objections are raised within said five (5) dny period, r ?l� 4�'ft�tr�y• ,l , �^. "crow Agent is authorized 'tu hold all psaern and documonta until inetructoJ by a �1'+s , , , t,'`'' court of competent jurisdiction or mutual tlretruerione. If no demands are made, ;;, ,t� � a ' " '!� procead with closing of this escrow no noon no possible. y � zip` ;vl Rospotlaibility for Eacrcv Agent under thin Agreement in atpreaaly limited to f;rf`�a1^; ' ;�` Paragraphs 1, 2, 3, 4, 5, B, 7, 9, 10, 17 and to its liability under a ; I •`�?'I"* I'. 1.,� ''�,+- any policy of title insurance issued in regard to this trananclicn. iIL {' 't , '' 'r 6 1sCkO'J FEFS C11AltiGES AND COSTS. Buyer agrees to pay all uounl fees, charges ! t� I sl rtt .. and costs vhich arise in this escrow, f , ; ,� ►«. t tt ,±r:'.•f; ?q, •)d i t J f f I.� TS•Il,1�' +/71 ' } i� 7, RElt"CAL AND 0MUPANCY BY SPIA;ri . Seller wnrrants that there lira no oral or if•, ,`fit ct' ,,j 1't written leaves on all or ar.y portion of property exceeding n period of limn armth, " r ' 1' } f�'i ' and Sells; Earth�r a tees to hold Guyer harreleo:a and reiirburas Buyer for sny and 't / t'ti `d ,��'L .4. all of its losses and expenses occasioned b r0000n of an lease of saidproperty >', r :. Z:,, L•: is . P r r hold by any tenant of Sallor for a period exceeding one aonth except, chat certain t� , t r i►, 2�►}*�"i t n r ail and gas lease known as Mho Frnemin Ccmnunity Oil aid Cas Lomeli dated December 22, 1954, executed by Beulah Wootcoroland, a widow, as owner of said lend, and by + r •• ,+ 't ;- others us owners of other lard, as I.assora, aid by L`oopar do Brian, n Cu-Partnership, consisting at Jon Cooper and J.G. Brian, as Losses, recorded �� y` c ,4t;rrr�,� ,• �'nalni r' ,<° '1 'A ,'; January 13, 1955 in Book 2923, FaKo is0 of official rucords, to which record ref[tepees hereby made for full. particulars. S. PFRMSSION TO FN .R ON PREMISES, Seller hereby grunto to Dwyer, or its it authorised agentu, pernis6lon to enter upon the Property at all reaeoneblo t'imeaE;f" a� '• tr �' t, ' +' prior to close of escrow :or the purpose of tanking necessary or appropr.ato inspections. Buyer shall coordinate with Seller any suah inspection requests. 44 ?jf;I+` ,��`• 9. COUNMPARM Thin agreement ray ba euccutod in counterparts, each of orhich r tt, sl ;,;;t t, oo executed shall, irrespective of the dote of its uxccutiun and delivery, be deemed an original, and all ouch counterparts ..igother shall constitute one and the r,Yl7 r sani instrument. Jt,'�I '�r "'4 r e , 1 >.J r! 7.i1 17.E tt, r.1 ' a u SYi'?�it �'`,'; ' 1 r, ► , •, IU, CUISING WAi'ENEHT. Seller instructs Earrov Agent to release a copy cf tv '�9 ' 9 ,N ESL- avy } Solleru a statement to Buyer and to John Cutler and Associates, 3711 isaug Mach I'{�,kr _• Blvd., Suite 1016. Long Beach, California 90807-3315; purpose being to ancartr,ln if any roinburacuente are duo Seller. c i 11, L03S W DJUTAGU ,O INPROVEHMS. Loss or darago to the real property or any ; ' �' ', ;;�tr" `ant{! r 'mot {rr` • Improvements thereon, by fire or other casualty, occurring prior to the recordation Pttk 10A `I ' n of the 0.ed shall be at the risk of Seller. In the event of loos or damage to the *ji • t' }t is i rer.1 property or any improvements thereon, by fire or other casualty, shall occur t..`� , ,r +. •, ,)fin , ?,t -•.., , �1, t, • ,y� E� ti,r prior to the recordation of the Eked, Buyer may elect to require [het the Sc+la,ar 1�•+ Vs1 �; ' rr ,•i Y , pay to Buyc- the pruceed3 of any insurance which uny become payable to Seller by reason thereof, or to permit such proceeds to be usei for t::a restoration of the ' `t'a'r • t A damage done, :r to reduce the total price by an amount equal to She diminution in pa �1 value of said propertyb reason of ouch loas or dwuage or the acour,t of insurance t' , y ; ! " ;', t -�,` payable to Sel.'ler, whichever is gr'mdter. , ;� 12. FMNENI' DDE{AY'I A:St45SAL. Seller her'aby agrees and consont6 to tho dismissaln. C}, irFr tt + z < t , l ' or ebandennent at any wlnent domain action in the Superior Court of the State o! r�1� s• �'1 ,, California in and for the County of Orange wherein tho herein described property in Included end also waives any and all claists to any money on deposit in aaLd action l • and further vaivoc all ottcrney'a fees, costa, dusburae ntis and expona*c inrtrred in connection therewith. 13. FkUP8R1'i S'JLD 110.9 IS". 1)iJYHR'S ACCF.Pr1'ANCS OF F'ROPE-M "AS I•:''. Seller =kes f ''' r �! '«y ' J L - no covenant, representation, or warrantl as to the suitability 'L the Property for "Al any ourpom whatsoever or as to the physical or ehcaical condition of the Property ` r ?' W- 1 orneighboring properties. Buyer acknowledges that it gill inspect the Propertyf ;:t„ ,1•�'�r�l and neighboring properties prior to the dose of escrow as not forth herein, and i shall observe the physical and chemical rharacteristics end sxiotin conditions of r, ''�a, rA�' � �t'• , pl q l+re f�t1y !-.} j, the Property and neighboring properties, and having had the opporcunity to conduct •., t ,; ?, �It�y . sure inveatigntion and study on and of said Property and neighboring propertiea an 4. I� r•: it doses necessary. Buyer hereby eai.voa and and all objections to or coaplaints , • ,;�` ' i;. +'�''�s° ''�•''+ 'ti't about physical or chemical characteristics and conditions which may exist now or in the future, Including, without lialit, the presence�� of asbestos and 4�.' } ^, ` ,, • �,,,,, 4`S„t"".a,!{j}`i,`�•f aabestrs-containin uoteriala, polychlorinated bi henI is ( F'CD ), PCB items, F'(Il �,F?�r,�, Page 3 of 4 lti�' ••'s NIP •rid�,, . 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'.t' , ,t , f � J- ,% 1 .• ff , 11, . d f r • ,. , bt ,11�I T•"� � .,; / I r t f , ,y-i , t , :c. t ��, ,fir s'��'��`r two ,If �s 77 . r r t �I.Af t f s it p , f ,r(Jcr ti+ ., Wo • , 1�,.1, t y-' ru Fy - '���. �•r, ��j) .. .. t r:'1 f ,,/� i4'� w � =" t ! r . y. �!.''. S ,.. ... : ,. :,, - . ..�.. ...._.-._.�....•.•.__.-..�..�.��....... .,.•r .l..r 1ptel4'VYS2� fk •,11 r+ 'Yt' l` .. ;•� "yy,YY�` r,, ':'.L l'[i ,.rKt"1 �j•.t. �3hNJ.c'L.✓ss,•aiarerewra+.c:•a•►•srsY./a:ruu+ :an+......a�,.;u.....«...r-,..«t n.,•,.,..,.R�_...�. —. -........ � /r 't., '" ' � •� -�'� ,tI 1 t 5.; �7 � i ,�•� r1� 1/ , _i'f r r'it�—,{r �- ''�� A � 1 �� r ri.�tt'i +f4�, 4 ;� 3+ •,� �vf .,SJ, [ ,4f '6�74J' +t. { '� �41• y > ,1 .,, articles, PCB equipment, PCB containers, and PCB article containers, radon, urea ` ` formaldehyde, methane gas, petroleum �uzd pc�truleum derivatives, products, , by-products and wastes, and subsurface conditions and s-lid and huzardaua waoteo, "�► , ` ` � and subsurface conditionsi and aoaid and luixardous wastes and hazardous substances �'n�•v. ' �,tl rf, on, under, about or related to the Property and neighboring properties. Buyer �!� } i. x',{ further ecknowledgeu and agrees that the Property is to be sold rod conveyed to and purchased and accepted b 1?r,yer, in its resant condition, "AS IS", and Buyer, hereby 9981kA@a the risk thr,t edverso physical cal and/er chemical rlinrs;cteristics and , p Y �� �' Y �, sit a 2 ' e`-",` ' '�; 21. , .. .�+ '. existing and/or €utare conditions way scot have been revealed by it.s investigation. "Ilazardous wastes" cuid "hazardous 3ubatancea" shall meat. an substances whirti are defined au hazardous substances or hazardous wastes or Hazardous materials or " ` r; "'I �,ct;, ` t�l' •; i poll.stantn or contaminants under any Federal, state or local law, statute, regulation or ordinance. 14 CONTINGENCY. It is understood and agreed between the parties hereto that the ' r r .........+..rr+ coin letion cf thi.0 transaction, asta t"e erlr •'t created hereby, is contingent upon T t t t p The execution of these {z � ' t y.,f •` the specific acceptance and approval of tl buyer herein. � documents a::d the delivery of same to Escrow Agent constitutes said acceptance and t1, •{� ��,. �. � x���'+ } , 'i i ' '•:j,i to '° 1 ,, '�; �" . K�I{1 f , approval. , MIL AND COMPLETE SETTLF.IIENT. Seller hereby acknowledges that tide � !� compensation pas d to diem through this escrow constitutes the hull and corol�Let� , settlement of any and all claims against Buyer, by reason of Buyer's purchase or y, J�� the subject property and Seller's dislocation from same, specifically including, +}�Y but not limited to the realty, any and all relocation benefits to which Seller may [ !�{r ,:��f' 1 �, ! ,! r tt ` ' be entitled under applicable statute and 'lawn. any and all loss of buainasr� 'r • ,, �' goodwill, or any and all other claims that Seller may have whether or not t >, specifically mentioned herein. Seller further agrees to execute any and all documents required b Buyer to effect this full and complete nettlement. H,f `i Y a i l f + ;.� ,i i�y�}'• `� '. 4r S. 1 f The terns and conditions, cnvenants, and agreements set forth herein shall apply to pP Y end bind the heirs, executors, administrators, assigns and successors of the + parties; hereto. �' TTfs r This Agreement contains the entire agreement between both parties, neither party relies upon any warranty or representation not contained in this Agreement. '�1 rt i (l 1t.._i/ f : r ✓_4,��,f7�, '' t f/ ..•�µ,yr s ', r,`, i' III WITNESS i, lEREOF, the lwrties hereto have executed this Agreement the day and Ji J, +�' t•;Ri ( its �'� year .set forth rereinabeve. c ;} fit 3 n ,t rf.� �a a •rn, SF_LLI'.R ter •�,�^.y�it MAILING ADDR[:SS OF SELLRR BY: S "� iii � , ,A 4• �, i , ��a l , r t t 1 •ir, vt (ia�T w j�Jfi r �11p `={ �'" `:' 13:1 RIVERSIDE S ,♦�KN:''0 I P i * Jt ,IBC �! Mx.,,�X-i +,rr t ! a s 1 ,y,,. 1a �i�. cr,cr Ye .r."► '� ,. "1 t�t�(ft BURBANK, CA 91506 W � � �• l , t •,r1 1 , '� r t'f T FAITH _� � "f t ti�r•,`i�Y,t , I ,�[ (y' y: 1 cf ,a �, tf,Z,, 'tyt r , t,,' vl �" �+�J�, ,tf j ,tl •>`i Y3,,�,;r�`� �-� ,S;M �.;, ,�7'�ir'5."(•r , T i �� y �' k , BUYS Y sF FUNTINGTON BEACH `;i "' �cJ'� `:: Ilk, t { MAILING ADDRESS OF BUYER 2000 MAIN STREET IIUNTZN"TON BEACH, CA 92648 {1371`t�t(t,jK �! ��I•Y+ti s r rr5 1.� )t•.h'' � 7 4 {{it. �, r,' (� tl.a.. (�i .,�{�� `i , M r,r t `q [ •t r { },.. ,4' � ' r{y 'fir ,�Jr? v.�ii�,,.,`r!'y]r' ,�� .: � r:. � (' rti�f�lt�.'! i1�•i iI- ' ~�'�» t Y f _t i��r P •?, t ,�' .+,S4f,• Clay + •rj+*\�t! 1 '�i 'Y+:, e ,�y+. ei 1 >[ { r i > ""tit�/ f1J /:*, 31.�' ,J F F • i �: ' •� t t ,ti�v V Jr I3 tX Page 4 of 4 t ✓ ({'gyp,/�� : I.S Ji ""txL'•`^�°+4. _f1'�jrjr 7Y `ii i; ' C,.. [` + J . '1' .,+ t�• a . :'+.y .l. .,;,t 1 ,,f / .f� 7 i� , 'C1 [� )) ., . a..'._• . rt,;,U i 7t r r ' ',4�; .•'�T, L{�•r { t t ) ? , �' ,' In J• ,y ,}5 ,+ !0 %`�� �� ``.•. 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' "J['' t,.�•tl , 7 �� i / it' T t' 7 ir .r" sl,-1r ){[• 'i3' t rti 3r(tj �li�. `1-1'•r1 �::1"{rJr{ : �r,��j� -:�'; y `I:•' i'� a t .Y [1.'• k�s�-1t >,,,,t J+t '�:' , ' vt .. '.. �i„ '�.,�if�'!} _� t;/: "'{: ha'T;! �!¢'�se•;x. / {r'•`C4�.,'' ,.p: i F:-v:l .r {j " e e f!r'N •ir,Q'A .. ` 1 r, ,, _` j1, i - f L, '. f- ? ,,i,} ,r r+, •'t t ..45 1 i+ y'L � rs� • I 1 C,�, .p ' ' , f '' r, �.VI Y4rr ti, `i,r'f`! / _ ,, ,��,�it � i� ,j, •, ;, n, ' _ � =,3 ,'}' f ;� 'Cdt.i� ,�t�,q'� h.r�'• t ,:'-r .t ) ',y ',' 1 ,� ' ' � �f �,.{.x tt ,J ,f�r� �t�Z� : fit' Ai j 0 ,•`� :.:! ;yt jri — .. ,P 4 r . t'r' : '� �(?� �.5,' � .,, i ,, 11 4�r ! ".,,, ',t '' �y r,r !�t'•f .' ..y,1. '.. a l . .:Ltt1 ,��J 'yl F,r�1 rt..�. 'rf, .:. ., .}' _. S1. ' � S )+ r!- � ,t .i) t!F �,:.�_ , t.r,S,M'k's. ;, • •,�4}} ry r t t ',,�t , r J'•t+",ya r, ,J � '' .� F]� r , r,(, j+��"ylt�7 , T­ o-�'. 'I x,•7 ,,ur M 4.1 r t3 ►Jx F •1��' .+. 111 Y•'.; i141 , t� .::?i•�i7 .t'1 ..i,.l.:i....,.......'14.....,�..�,-...,�...a..u...,.,�l.,r�..�.�t•...1. :"l.C.-.,rt:.::.}.... ... ,..._.. � A °� o� •* r+,I,, It51+' '+ �``� i 1 • CITY `F lei �ING ■ ON l� EACH ::; CALIFORNIA 02648 2000 MAIN STREET OFFICE OF THE CI'iVCMERK 1•' ,er l�#, � '� 1;4 � � �r ♦t��' !t i h '.t .N'lt mYr�1 A. 3 '• c li ��, i �t l.�t"�r � ♦i t i, September 29, 19a8 , All r= 'J Stanford & Faith Tharp 6604 223rd Avenue NE Redmond WA 98052, yam:>�•rrkfi�'-�'}y' �,� ..th'�, The City Council of th,? City of Huntington Beach at the regular 1 I)4" «x rr,r ry rear �, ,� ;: ►S,, r` � meeting held Monday, September 19, 1988, approved Agreement for Sale to the City of Huntington Beach of property located on Sixth Street between Pacific Coast Highway and Walnut Avenue, A° 24-151-02. li l S f'z?,1 `t }�; ► Enclosed is a copy of the agreement for your records., N. 4 1 ' + Connie Drock%iay ,,r�+; City Clerk rift )r , ltf�1 1` t t. 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't r :�Y / r ',. `••5 �.; .� i..'. - - gat `1" �}.•-• ict,. d ' ,•' ('* ' � ,:..r. 'I'.:!: �.,. '. `•i,i 5 E1 ,�:, ��-•i}.- p�(• •� .,..13;. :• r ,r•# .t � r •`"yS-'r,;;,i' �yl. ,•�L 3.. f „ f• .1—, •�i.. i-r ! (� ` �r i ;� fir,, T. ?f 1' tr t• i �:. " {? t 1.? tr „< t1 . �. -;,• � XIt r !, . .. . � t ,�, f! It` . . :,�t ,r't li ♦I•S t .g •55,,�1, s` ��� a y - ( h , ,.� , . 7�, .:`.;. ', •.,r ..,,..rl'! , r .i� i 1 +r. 14 CJ- {E5 c. 1.,, lli:; ,I•✓ t,�'•',�1 .,. ! :n� rr .?:/,�t��' ,.:..;, ..., . 11 (t •, 1,}r•'• r .. ..: 1r s: 1 r� 1r r .,,1 $,!�' "Yh j.,,,,. ��'„•, ,,, (,„ s t,, .{,! r, 1J,.� ,(, i r• * �. �'' _ . �,,,,. .(. :1✓Sr" 1:-t'. .• w.� .�,._.....,r' s :s, i:,,•r �>,.; '1 yy i, 't � 1.�",r ` � /�• �� •t�'� �'', .,' [F � �1'. y }ry'�IhM a .t�! r 1 G ,. • ;6r tr r e. rk` i REQU ST F P,EDEVELC»MENT ENC`� ACTION41 tr Nit,, r( + 1 10 t l -,, RN 83-60 t �'`)-.'h Zr? 7 • i (tjF'� Selr:cmbcr 19, 1998 k ,cl 1 1 Data _ - - •- '141 r Honorable Chairman and: Redevelopme t A cy Members 5ubmittsd to: Paul E. Cook, T'xectltive Direrao , Douglas N, La Belle, Deput C.lt drninlstratorJ'CCottomiC Deg elepm .; �j►n`?R t r !, Submitted by: Ix AUTHORIZE TI1L• ACQUISITION AND APPROVE THE CONTRA#' t r 5 Prepared hY 1TY CVCrN II. FOR APN 24--!52-02 (TEiARI' PROPERTY) &rrrov�n nl C C �1 akkr.,•, �1 y' Er 1t�t�•>:�+1, t'f! SG;�bi�Ct: a�'�. !J 17'a�-,.r- r��J�', �r !.�'� 5 . , Consistent with Council Policy? Yus [ 1 Now Policy or Exception �� rr- 4� ?r�7�• ate. 1!i ,{{;} Statement of Issue, Racommandat"cn, Analysis, Funding Source Altornativ ' �'0" `�i' r ` ,t 'r •+' �1 T ` "' 'H` '.7�ii L: It}(Z{';, t t'� '!• IZ�F�i GG1�(1" ICJ�� i~: The request for purchase of this property is in accord with previous Agenoy action to purchase properties an a willing seller basis in the Main-1 ler PrnJect Area: The attaches. ri Ad cement of Sale represents the purchase by the City of,property ownrid by Stanford and on Sixth Street between Pacific Coast Ifighway and Walnut Avenue to ,! ;r o'1 , r 't Faith Tharp located rt J-f+ allow for the construction of a mix:,d use retail/residential project. !at view of the `�� yt 5 ri' , " '� existing oil operations on the site, t►a land is being it-commended for purchase in"as`a" ti J t condition. , , ,s '1, Ty V,'. y}� "7 •.. nil it 1_. rrt• 5/ p��'+/���,�•+ t ! i<E' `7,��`fr � 1�. :1 if i . 1�uthorizc the acquisition of the property owned by Stanford and Faith Tharp(APN �• ' `r "f' 24-152-02), approve the attached Agreement of Sale which includes the following points: u 7 1. The City will purchase APN 24-152-02 for the purchase price of ?., " .3 t $300,000 whlc:h is the appraised value, exclusive of the value of the `.� �! ' ;� `5, ►t existingall operations on the site. >,•GC� 'Z; .1•1• 2. The City will pay all title insurance and escrow fees. f ' The City will provide a letter to the property owner that the property ,( t is being acquired under threat of condemnation. 4 The City agri Ao a thirty (30)day escrow or less. r s . �. '1 �, •5 ai)t 1 LkT1`f / 1},'� •1!i•i�� h rt, t r •, 4e i4 rr J , t� )t 1 r��1t �, t� ILrtw-' 7y.. •r �� '1� l�Ff '.� 1 ,• toJ] (,{[J'!� 5J 1�. t f 1��t,J'.',l r� t • r }){/ ,tt?�! S '�6tA •�, .'" '}, ti' ,{ y it' y+ 11 ; k r, a .• fJl .t c /.�t�� Y �s ``�(!� ' 1, �({ s`:_^J �+r'�� '�� ,,,,3 l,fpll,. }'� f�.;i''•.t) y(l�'4�"�1'::� , '"����s ',1` .!` 4._.ry�.� r..�Nr''yt♦♦ {�� `x i; r it r 7h° ! 1}7. '! 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S 1 5. n y'•� != is 1.`.,� ,.7• 't i� 'it '.�.�rr ,..• 'F rr 1 ,�.:,�.i .2dta. r ,,.....aa:. .f`_ _.. i�r'. � •:�. _ 7 1' itiC`; t{� fx' ��r'k^� i AT t 1 t •. L!1lL S l lZt1+41 tr 1?t 2r? +xa rV. + a t' ;+ •. - the purchase of p 1� 1 The Agency hcs alltliorized the appraisals end negatiatims fo. roperties cii 'sproperty5 The Y on awilting--seller basis within the Atain—Pier Project Area. acquisition consultant has negotiated with the property owner to purchase the parcel. The ! 1 t- y to bu300.000. We are Oty's appraiser has indicated the mtrket value of the proper, " s ;t recommending the Agency approve rite acquisition of this parcal at the appraised price of $300 000r �� S a ,•� �• >rlj IN G SOURCE: Redevelopment acq jisition funds account 81 Z601 I•� rt'•{ r Sl,`l,I' .L} y� 'r (///��V...�,r �,..•�� L �J 73-?,��,F ; 't ' '•., ' ti ! ■111T1•a 1i �Ri•i-�.*.� j��•• } '.t t.r f _7 Al Do not approve the acquisition or mn:lify the offer &ITACHt17iEMM-, v }r . 1) Mao of property #,{ x) A6reement of Sale 'Y 1 ,1 i i -51t 1Y \ ! r•a. '',L"r��,t�,'.r+ t}' J r t � rj,lr ► D1.•11:1p /111°+ �1" ' t• r-•rtkt�� ��1 y l�i '` IY. ' -fl�T•..t .•�� , rt '•`II, - �H1 tlf; iJ t�„y �1y!�,�(e�., a jl,Ca S •,� '? ,• rli f.' ti r,i-,'.f ,jli'•f•.�dl.�e t?ry Ff�j r` a•�.' ti l 1 i' mar { S t •r;171 ryy+ �rtdi� �✓�}' Actit lit jt tt'See�F {+. \ , a`i�.� rY f C.i+,; ! "SY'�•r- t 1 ,{ '�' l- r. ti rt}'71 ' t ,. 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