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HomeMy WebLinkAboutJack Leonard Gosney and Marilyn F. Gosney - 1989-03-20�; i`rt Iil{L q?:: j � .ryt ': . ��' ,. ' , _-`rl'!r � ``, • L - l • 1.', � r • ` r , t d r(,I .•� !•• , + '` ;';`'"S //'rt, +tl�rAY► _ ?r „_ •.,:'+�. _, r11, .; ..., - j;t •� �., Sl/iY .. t ti f I ir�o 4•�} e r'ii �.l 1.., ,i... 1, It. •' t'' J{.,a ;- t ..j;} :.. , .•. ai,�.' J"•' 1, .1 ,` •'r' 1• •t'..- ,•J ,.Y r. -Y": tt V t y_ A:. no ,•rii•tVt •r _ ., .s. r t ,t ! 4;a. ;C! 11 `i 1 r,, r! 2ti fi "r •'' TJ1 r1.'i�y1. ;•`•'c j r y� l.'t ii•C• ` Vir-• (k�•`.1� 4L r -. 'h r, 1' .r ,� rl It• r ' a .tC s'.t R�. r�*}'• ,' 2 ..7 .'fit ft.f.�`_•. _ '.Ire ..f[ ; 1 r; � !t} ..t rt` " lily ,,, '\t .'r '.L4'• 1 .1'i ,d, �i: 1, It• �r (-t 2 '' .v i. � (3Y! 1..}.'. Orr 1.•!�. !,, llr.�`,l- r..t.,�•• rf ., .... .I' f .,rl �,a '�`, .. .' 2 !J i 1.3��2.i. tit ' .I -' ,' 1 ri 7 j y1. , ; r, f' 1 r•: 1 • ` 1. \ , d,! 'f ..J 1 > t 7 i c. �l',,, r �� �ri2 ;r; '. i ,. , • ' �f' 'i';. •Y ���, tt' tc„', ' 'rr.. ( Si},. t� 1 . f\>. ,. ,lam 'r • ',, r. '' 111 ! Ir .- �J� '♦ +>, '�� k :j' PAOFERT tr -- ---- 1J.7.:.a.2.:x'.�•+-.n•e.w•.es.u...ru ka:xran.-cs^r,rslaGx.at�;�:•Ji".,.l..�J:+:.I r.tel:1,n..:Ji"..•.:.'i1.r"J.�.i'"—.�-'.��y'nh�•rMe.t.. .:%,Jtl , �;iir r; rr , r r Order No. OR.-115192 -M Y ` • t L ' '�ir f�•; tL•+'I ,�� lr'' xts*; � Escrow No. � �; QQ-40Z473 9 Loan No. JO Recorded at the. r¢gtlestU� 1` Yi 'f f r r )jSrr FIRST ANIER. TITLE INS. CO. WANA MlhT`" WHEN RECORDED MAIL TO: 8.00 JUL3 11990 !r�}li u .� _'`trt'•' A.M. Official Records" L > Dan M. Brennan Orange County, California '` 4 21 r ! ►' 0/o City of Huntington Beach �.� Q.` 3w#v,4RetOrdet' I y 2e00 main street r" r1 ' huntington Beach, CA 92648 y r ? SPACE ABOVE ISISLINE roNnEGORDER'9USE R C�� 2' FULIL. RECONVEYANCE Yuri > � �!•' �It .trt�� t ,� , � f � ' � Ir ,a �r ! •,- ; ?: tY ;r , .fair 1 �.! Y, ti + ``(. ' as r r FIRST AMERICAN TITLE INSURANCE COMPANY, a Corporation, Trustee undr,�: Dead of Trust executed by HUNTINOTOX 8*MGN REDF.VELOPMEN'L' A08NsX, 7 , ,! .♦�, :' i �Y' :', Trustor, and recorded April 18, 1989 as Document No. 89-20251L, of `: ''• 2}r'•t rpjµl i� Official:Records in the office of, the County' Recorder. Of Orange County, callfornia,, having been requested in writing by the holder ok the},i° obligat 05 secured by said Deed of Trust, to reconvey the restate �� ';tom ' ;; r :'•,L grantod ' to Trustee under said Geed of Trust, does,hereby rec�;nvey tO;�' the person or persnns : egally entitled thereto, without Warr/anty, all PEAT Pit* '. the restate, title and interest acquired by -trustee under said Deed of i fC"% A �t ,< :� �i • t{y, �,1 �! Trust. ` k�,l}rl,�f-�2ar Y{k�'�Sr�1,}.i�ti',t`•" ���tai���Ye.r�w� L t r. r} r f r lets•. � I 41 � I�S �f L:�r l+•�('h/. -rJ+'` .�. rrT , • - i�i°, •I J2 to 1 t�.}�.°�'!ri i- t r IN WITNESS WHEREOF, said FIRST AMERICAN TITLE INSURANCE COMPANY, Tivaleo, has causod Its � , •. 1• r t t t .'- t} ' }' Zw «! •ri �`rltitrt�i5'iJ r cnrporato name And seal to be hereto affixed by Its Assistan', Socretary, thereuntc duly authorized �' y2 '� JAL; ll. { .: fl i rt'Lt lr 6.L7, IFr f ', , i+2• Dated: July 27, �99H n {r i!)ti4i4��fL'r C -1 `i J`��t?i*-rt Iry -'�•r� 7 �1 /��': 4, ;<f'�••, ��:J'•� yr�t1 �( ...'r,'t' � FIRSTAMERICAN TITLE INSURANCE COMPANYli 9 It� STATE OF CALIFORNIA Ica COUNTYOF elghh[GR I On„ JULY 27, 1990 before me, the undersigned, a Notary Public In and for said State, personally appeared_ PAT SINDT personally known tome to be the tenon who exoattee, the with!n ,nstru- :� men: as Assistant Secretary, on behalf of First American Title Insurance t:,,mpany, the corporation therein non" and acknowledged to me that such corporation executed the within instrument as Trustee. WITNESS my hand and official teal signaturo • Bett L. Stuart—nc By ! Assistant Secretary Y q, � ' .. eswMiwanaa+�n OFFICIAL SEAL' a 110 Y L MART � Notbtdryy Public • calf;"Ic T'• ORANGE COUNTY U!r CoY;. +isrdon Egret Jeri � 1493 � (This area forof icial notarial seaq N `' O � ! 1 Wad Processlnn Foim A't 32919le8) I';'��i�:�,;�,. i y k.�ai�� 9'r�rr''K�"1"w3 '�•�1'+'• 3�T��#7�r'•�sn�.3tai;�j�j�j',�tr�*' •��✓p.'�v� 1•zti �; `r' !tit i '.��Ly�rJjr/:�., !v,'1., .�,y .•'', �• ,�{'�'� 1' i'� 1 ' �r ri �r:r j ` r f '..rt ,, ;,, .ris• 1�� Ill ",,i=, ' �} li, a. r-, + T, l ./ , .r.,1 r , `. t .r , •'1 1 S7- � s, . t tij'•1 jI l'(•: r fi��'11 Y •t r•' '. r r, t ,� r t ys r f' �i;1 f',t ! r''' T , :.� \r:.,rtyt •if�r , � t`1:�.!'7 ,I1 J,' 1 '>✓ (,tr-.r c ` ' 4 - ,t ,l �, /,:4. , � 1KI,r'fLfFf•L�rc fi• t2 2t.J ,G( cJ tit! t�, �.!,irS�R.i7 ./i7 �(:►}�... .,tiny 1. ! , 1 r Sii�+, r •'r �r�• ] '' j t `� I .lj!' , IIt .• + �jj 1J ri LF i .:i` ,,.r:17r ,t�X 41y •'. ,•, 'r 1 , -, .2r'I, t,i i t ;� t j ' r i•z`. 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' 1T P''Ti - } -. ,'�' et 1� . a. -ril. i. ,.4 ;[ `k tr ��,;;-:..«an' '•zS4 �_'fS:.i;a.. .�. „, .dl, rt...�...._-.,.�. - �wrw.•w�tivYnril.icr:�Y::raJ2tktz:Lyi.':►lttL'i='4} .YaK-f'► a,,,A' A1!,z•:s..'�.k�J,.E cfL..::.:� t :l:C:�1it .i�t f i. J L�,l �kry'F,ir x I: :, 7t�'" i"A'li 1' %Y r. ,_ t \•, r i� �';^rr tfj.jt •l ,+Y'.i i� {4 1-,;-t,--.'I ,0 �I_.;., �(1"�." t�',. 1, '., .�-1i�, ,, �;;:,�'',- . '�­' "" ­;', :.i."l.4'.�_", �. ­l ,, '.I', �: ',+,.t^t r ,._, `' PARCEL 1131 24-153-12 1 �tI- `' t r Y > - `I `. "'� t 7'i7'LL' REPORT NOt OR 1448A 2 �- "' — r '�.I , A,,} f, Mt >' _' t .', 'PROJECT: MAIN-PIE1 REM:'/8�,�'i'MPXI' P1iASE iI r n' j t r ♦- CrI { 1 5 t`t1 r , Sttr ' t ' AGREIMBNT FOR ACQUISITION OF REAL. PROF`'.iRT1f t 1 t ;t; (ES1: ow INSTRUCTIONS) IV ,a`, , ! t Ii;f �'t t r r TlIIS ACREF7IEN;' is entered into this .4th day of Junu , 1989Q by and betwoo,t ,t t j t ' *p' L 4 ,_ 3 ? 411 �,� i 7 I :.,,,I i the IIUNTINCTON BEACH REDEVELOPM AGENCY (he; oinaf for called rBuyar"), and the -;, ,f-�' . ,'�J' `. -� undersigned owner a horninniter aallod Sa loc) far acquisition by Buyer of certain-�% 1 ; 1', 1 " ' , J� ,I a , �'' real piopurty horrinaltoc eat forth, \ r,1 ,_ .� r {` 1"1 o` �, IT IS HEREBY KMALLY AGREED DETWW 711E PARTIES AS FOLLDWSI t}- r1 ' `1.} `, ; �' ,fit ' S ,, ¢:h 'I' /. �� .,•,�� c rr 1. AGREEMENT LO SELL AND PURCIIASE. Seller abraca to sell to Buyer, and Buyer agrees r, t .4 i" 1 t {' r to purchaso fromSeller, upon the terms and for the r.onsideratiori sat forth ,'sli this ,y t " tt�. 1 � �`.I- ; t ,11' i ,greocient, all that certain real propa�ty (horainattle rnlled Property) situated in )'e � )�f``, 1' 11 1, ',,1 c t �. f ( I'J;' ,+ i"., Cho City of f(UNTIN=N BEACII, county of ORANG8, State of California, and legel:y ; •"V>` I, ri)`' ,«! 1 + t 1 :" f � s' I' 1 .- described as folloVal ..;,I t � �t ` '�I'< t r: ,; ;i SEE P.;(1LIgiT "A" A77'ACIIFA L1tRET0 AND BY 711IS REFERENCE MADE A PART 1{'?REOF `;•+ r ' ' r jI,,� IXL ft )O , v t!t ! j,x2 ` , ,f` yf•.L `, ., 1 ',.• i {,y9 i !% ti'•: ! , r I,ti.,_ i t r �� Pxcepting and raenrving all oil, hrdrecarbon substances and minersle of Query kind sad Sf .1 ,t 'r ='Eo? 1 charscior lyin more thou 500 feet 4olow the surface of eri! land', together with the ,;rya, t}Irr� + . L'.- t!t `o !r �v right to drill into, through, and to use and occupy all parts of said land lying morn ;.r,I, ", , ' "',,y •l than 500 foot below the aurtace eheraof far an and all ur ease incidental to the ''"N', I '`' �i o, 1 }�,+„ ! a:plorntiun for and reduction 'of oil, gsw, Hydrocarbon substances or winorels tram •;' Aft. .f; 1 - � �, said or other funds but without, however, any right to -use either the surface of said *�`qi., 1I,:c. ? t4 ; "•, i'7. { ? ); ik • land or any portion of adid land within 500 font of the surtaco for any purpose or '�"= 1=~-"�� `,.a`r .. - etc` ��,,T� r 11 6 R', ''. `, f .".,, r' ?rig' a . n i) i''_ 5 ' t j!l : s ,k , n e,,_ J�1fi"'� u- It Li-1 . Sr, ;j �fi� I, 11 t t f Y`, • xr? ; �, , II 11 t 7, i r it, y, , ft S.i',III t. r %,,� IS 14I, , ± I, I , I, ```�DSSS, 1 �•1S) , 1Id ! i r`Si,,�1 ��,,•�� ,; j� {'nli i" t�•' Slit `S �,'`r I 1p ) f,, t • t4 :.�� ., 114 t C; ,, , purporea whatmoevar. . ' s. PURCNA5r PRIM The total purcaase price, filial). be the+euw of ", ONE MILLION. THIRTY-FIVE 7WGUSAND AND N0/100.................DOLId1RS (si,'135.000,00.% payable as inhowas ,t , A. Euyer to prepay fat years interest in tha amount''of $119.025.00, B. Seiler to carry beck Proaisaory Note ascurcd b lot Trust Ikad in the aal:unt of '$1,035,000.00 bnaring'into:ost at the rate of 11.51 per annum and payable: 1. First yoarrn interest to be paid in full an hereinnbovo provided, 2. and second years interest in'the amount of $119,025,00 pnya5le; in full on the lot buaineas day of the twelfth (12th) month of the Note period (which bogs ivreodintely upon close of ancrow). The principal' and any unpaid iutnroat is duelin Lull two (2)'years,ircm close of C. Ib ia, agreed by Duyer and Salley thet,:uyor has the'right to prepay thn:loan in full or in part at any time di -ring -the., term of the loan, and Sel)•{r may demand iho loan all due and' paysblo fdaxWer.:r,;:the from the close of escrow, with 60 days written notice to Buyer. loth Buyer'atid Seller agrea'that in oxerciaing"either option 'all future interact due and a1.1-'prepaid interest will be paid to Seller upon either prop'►,jment or demand . for ' paymeni: In. full. In no event uhall said payment be q ,more or less than $238,030.00 p)us unpy I:npuid late charges. It !s further agreed'by both parties that written notice for payment, in full may be givan,in writing no sooner than 12 months and 15 days from he close of escrow. Both partlat agree that in consideration aE Duyers right to prepay ,the loan at any time, that Soler may call the loan all duo and payable including the two years interest as pro'vided,heroin. D. Note and Trust Deed, to contain Alienation Clause. E, A fete charge of Gx of too Fayaent due will be charged in tfie event the paypont is received on ar after too eleventh (llth) buslnoas day from the data the payne;lt is due. F. Buyer snci Seller acknowledge that Chia ie s Purchase Money Trust Daed. Both . parties boliere that Usury 'and Truth in Lending Disclosure requirements are not applicable or required far this tre�ssction and ogres riot to aaaert them as a - defense in any legal action concerning thin note. • 3. VEY&�-' OP TITLE, Seller agrees to convey by Grant Decd to Buyer marketebla fee simple title .to the Property free sad cleat of all recorded and unrecorded lions, oncwobrancea, nasassmonta, easements, lessee and taxed EXCU'P: A. Taxes: Second Installment rascal Your 198809.' . • B. 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Nona «-i ,7,1� n�1F1 N ''f r :;u 7 `), l 4. TITLE INSURANCE POLICY. Eacrow.Agent ohall, following recording of dead to 1 ` ,J1"cij ', �: y i : Duyar, prcvido Buyer with CLTA Standard Coverage 1`01i;y of Title Insurance in the i -,% l ,:`. rr I ., `'?r l 3;� + ; amount of =1,035,000.00, issn�d by First Amerienn ilia I au nce Compenr showing ,V R'-; `'='f� t � t' -•1 T-1 Lip .Jtl l 1 r l :, , ,1 1 ,►rr the tit,o to the property vested in Busse, sub,�ect only to the exceptions set forth rs;`,-' < I ,` � ►'` ry .r:+ ` in rnragraph 3 and the printrsd excapticna and stipulot3ons in acid policy. buyer �'►•� 1 j z, ti r t I W, ' rik' 1{,' tt ,'tr,; agrees to pay the preaium charged tharetaro, �'`;1 1, �` "�' •M � r Yr ', 1 },! _i��.'i,,fi i``X{'fJ)a 1 ' ,' r S. �SCROWt Buyer agraea to open an aacrav in accordance with this Agreement at 111Fi ,�� t + ,r '� fr + ` ri J� ricst Arraricsn Title Insurance Can an 114 1'. 5th Street Santa Ana CA This S`r > ' �r i.. i t ' %'3. Agreement constitutes the joint oacrcw instructions o uyer and Seller, and 4acrow fSyi,l i .� i��� }F ;,`,� '' ' 1 `'t 'r C Agent to whom thouo instructions era dalivese is hereby empoware to act ua;er ,, t •7.; `�1 ' ?[-,#I i.I. - 1. �' _a1 ' i�, ' this �grecmart, Tho pnrtioa harata sQrao to Aa all acts racoaaary to elosu Chia ., I ' _ ' t ' f"5'r ` A Ste ' aacrav in thfa shortest possible Ciao. , ,� y ( ' ; s }ram, ` / t a�'i-t ..) 1. 1 , - Seller has executed and hnndad a dnad to Auyar, connurrently with thin Agreement. „ {r i�rli :*,,.I 1 r•-" '`' r , 'tVkr�'71,;` As noon as ossible after o enin of escrow Buyer will deposit the executed dead, �' i 1{ w, x r i '" r `'t " with Certificate or Acceptance attachad, with Eacraw Agent i,n Snllor'a ,buho! 1. M�4.. :, ; < `r' '':, c .y, l'`1T' Sc a1. t buyer, agrees to dapoaiC the purchase pricy upon doaland o: Pacrov A opt. Du or and ;i';i' "; . rr g Y i _ter ,.,4 - i�,J.� r` ,,+ r . , t4 •; Sallcr agree to dapoait with ..acrov Agent ary additional inotrumenta as may to :�t �e"�a,t�'"' 'w't Y ,,,r ' fi: +:I necessary to complete this transaction. <r; . ' ' ry r 1 llk`j�". ` _�` + r t' it Insurance policiae the lira or caauaTty era not to 6o tranafarsod, and Salter will , a��L, t r �{fir{ "" •,•"�'" r T. ' -i cancel his Cwn po:lCica alter ClOae Ot 0&Crop. ' Jtl� r Y 4, ^i r' 1 r I r 3 ,,,. ,�_ Mtn Y ;4,� All Sunda received in this escrow shell bo deposited with other a�crov funds in a ' r�r,,, .�} 1��} gouoral escrow account(a) and awy ba tronatrrred to nny other such oacrov trust ' r ` ''!'! "` ` ', ;Iu r ;'T, µ7. 1 :.. `_ G I. account in any State or Natiorol Hank doing business in the State of California. �, '' ,`,� 'i ,J tt, . jyfb,�lrJjl�. All diiburahmnnts shell ba soda b'� check frwa ouch account. ' {'F i1 t , r ESCROW AC S AU7110RI7.ED AND IS INSTRUCTED TO CC{MPLY WITH 1 FOL[AW1NC TAX ` M•� . rS '' , 'e�. 1rjd'it�yr: Ie' i,�vr",�r%11. A USTMEN B t ` �`•` l ,� y and charge Sollar far any unpaid delinquent taxes and/ar punaltioa and ` , 1. , i ']�, 1 .r , f` ' •`<'!'" Ft :'+ interest tharaon, and .for any delinquent or non -delinquent nascaemcnta or h �, T,.,rr�' �'' `�'� Y1 F! bonds against tlo property; ' r i �` ` `' 4 i 'rt'r< ' t;�• ' Lt .. A. Escrow is not to 6o concerned with proration Sollar's taxes for the currant I�"' • - - ,( /P? .; . M y ; ,;t ' ` 4i`,z�J ,`+ ' r qua' Eiecal year if this -escrow closes batween July I and November 1 unloea , ya ' , _ i ,�1rr�w '1,�'rr if currant tax information is available from title insurer. In the event said 1,. .� {�',3.'A a ;t �tVOt«o}J�( t;µ;�.t{ tax informatioh .is available, Srllor's taxes shall be prorated in accordance yN . >,�>'r !i i'�� f, ° ' ' with paragraph C' below. From Jul 1 and onsuin rL ;,/� , , vrrii rA!,(i �t�y r y g period, uhan tax informtion �., V t� is ,not aveila6ln, Seller a prorate portion of,taxea due to close of escrow it f r t'+!let; a'��rvr �� �, .' shall be cleared and aid b Seller outside aacrav r . i F , pursuant to provisions of tI ,1 r�l t„ ' r ; ,". 5eetion 508z th.•o;,ghp S090y of Cho Rovenuo ar,d T►:xatlan Coda of the State of x ', :,4R,��!°.�ik4,S ', Y�yj+?,'? .California : 'i �'' r��}+,f� ..; ,r•0lr!,v u information is avoilablat• as per POrsgrsph D about+, 3 r V} 1 V) 1 .I , C, FzJae the date that tax ' cj t3►1 (» f ! p to and Includin ;`x+. * _ ) ` �' k( ri'J#.i�l'+:�y Z �c�`r t; "r,l: g Juna 30th, Sel:er's currant texas if un aid shell' ba i TY .. �;� - ,J fir )rr J. prorated ko :date of close of escrow an t;io Dasis�of a 36S der year. in y.tv V '''� . i(;M-, 1, �' accordance with Tax Collector's proration requirements, to other with 1 ;,"a `. � '11141 ;,11 1, - :, Y penalties and interest if said currant tnxeb are unpaid aEiergDecembar lU 5� 3', y; j+ < ,, lF f':�. r r` Vy Tir • , and/or April 30. At close of eacrak, check payable to the County Tr x �A- xJi f r Collector for Sollar a rorata I xt•' ` p portion of taxes shall be forwarded to Buyer ; h {, F 4 •l'a.i t ! ' ��ir'Sr =r(�3`,,/ii: M�t11 Closing atataaentl r r z i , d + `� `fit i�`c1;r'' `,`; tj�s 0, Any taxes which have been paid by Seller, prior to oFening at this escrow, �rl,`'r r �' '�' 'f L < ''} shell not ba prorated between 8u et• { l r A t it7, �Jji .,',� ' '.i' y and Seller, but Sailor shell have the S; zi, i j14.F` ��iit sole right after . clot!a of • escrow, to apply to the Count Tax Collector oC ilj,,,.fl�„la said county to: refund. This retuad would e 1 to the eriod otter Buyer's' �!k; �„/' ' . ,a t 1 r A, , e uiniCion, PP y p, q pursuant to Revenue and Taxation Coda Section 3096.7. " ' • _ . . ., 11 . . Pit j. , �r� £SZ ON A EN IS AUTHORIZED ,ro AND SHAI.-s . a . fi t r rk11 `i? r � 11'. j .:t E. 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A.�4 f ,?°x' --rss4 , t ..r �J1r1'I-; I,�a j ' Ili I. ¢t ,t 'tt 7 `ilt l + 't ' 1. P-, r' , i ,�; , .�N, •i't r' '' ` F. Pay and charge Guyer for any eacrov Enos, chargca and canto payable under rr:.�r t� r ,,, S' 1 L ly: ',;{ ` J' y r ,�L ' ' ' t� �1F1 (+ tr= �(, 1I r paragraph b S this AgrecmentE �i <'; fy. r ,i ti Ir ti iYr fI g� 1�- IIII 7. r,- 'X.,I- r ;11 t r ' ' sr �'17 1 . t' ... ' , of 1•`. i t r f+ tS•�, �., r. r 4- Y,,d - r •.:i1 t ,' ` � ' ''� 0. Diaburao funds and deliver deed when conditions of this e,acrarr hnvo boon i, ��'-r `2 . =fI - �� 1^J r� , i. u. 1 , ii + ' +t �"�� �Jj"y[)YC t }� ?, '1yltf t"1' I 'rh +. 5 tultillad by Duyor atd Sollort ;fjrr � ', l ': tt i.,,, , ,5`r" 1 ' J. �• r{ L .. s, ,•1 ,••I ..i ,( l C,t 1i , , pp { : : �.� , {�''. Ij y , i•ll��tr} ' ri �t 1l'l' i,r !:� ••if r r•�li'f`:� t U '�';� at§ r`? < l� ,��3, �ti, _ `f z1 k,if 12 j r,,e;,,�l The Cora 1 clone of sorrow , !f and whore written in tlinaa inntrucfiona, shall ziaan :_, r a1} q+� .� ,� I. r , 1 ,. 1'"�4i6 • x•' I 't the date nacnaea:r; lnatrunan.a of convuyunce ore rer,:frded in the office of the ";t tit ' •,,t7, tf � lr' y�`"r'` :t t�: Ire ` . . _ County Recorder, Rcecorda:ion of instruments delivered throw h thia sacrow is it ' �� %_� ' �r4�'.ra' �r''+f?► rrI`�'I; _ , ' ''7 ' , I7ILi, ,' euthorizad if n^eassnry nr proper in the iasuanca ut said gpolicy al title ` . tar tc:., -,tier .„' "Cil,"' t y st ?ASS', ej t +. 1 ;^'etr4tf t, t insurance. r f r 1 /7 FJ r/ j i, 9"! b ,: i t 1, ." % r, '4: ti t .7 , / r i f" ; t' _. r', ., { t IV j� � - J �',-tt� { tt t „r� I1 All time limits within which any matter hereto specifi_d is to be performed may be ,Sf,a: a r 7 If , ? (' t i .�sr�;l , 4 .( 7' ,., extended by mutual agreement of the parties hoteto. Any amendment o!, oc = Y k, t r j '; ;.It'f ,`'i,t, ,�- t.� 4 c , `.; fit t',;:,'•` supplesent to. anr: ina:ritct:ona aunt be in writing, t,.lk "':- :'.fit ,,..:'{t,��.>=11t;,�; ' � t �:`�„ !1 7,.tS r+�1/L51`t I 1 r f r rt "•1r r:1 rr ' ' ... trtii �y� {� �` t a : } Lr , .,. { r TIME IS OF THE ESSENCE IN THESE+ INSTRUCTIONS AND ESCROW IS 70 CLOSE AS SCION AS ` i C � � sl` 4 `t; •��.' ', t ?' i!' r 'r ' ' 1 r ; f�, , r ,'L '`� L t , ,, 1 ,/ POSSIBLE, It (except for deposit of muney by Buyer, which shall be mode by Duyor f� t �r �,T '. ' . " ij - 01` t ;t+ Err ��;fr . ' upon demand of Escrow lgant before close of escrow) this oacrow4a not in condition �.'( ,, . • . j,,,, ,' ,�,P, , T,rtYi ?<j1 � rll 1 I ?.t�l!",, ' to t:loao yithin 30 da�ra troy date of these instructions, any party who,than shall >< +1 ':; t ,Ii' , yi 1, f `•' G' hnvo tally complied with his instructions n,ay, in writing, demand the return of hi■ f� , ,.'_ ,y`�".t'�1,Z ; if- {' I: ; s `• = ,j ` t' I ` aoroy ar property= but it none hnvo tom lied no demand far return :hareot shall ,�"�r�fiy` `4 1 {: I% t q } f. G it t l"A_/ t i7, ( i y P g p t tt 3 i �'�t ;" 1, v , f1 tY L rt �t 1 , riJ', ,. L be recognized;,until ,five 5 des i.ftar Escrow A ent shall have mailed ce ion of J r `:, k It, tr` 1i , r such damana !u all other parties at the rem ective addresses shown in there escrow ''',', ''''" I' 1° �a�•�,ti 4 .` N. = I'E instructions and if an objections arc raised within said five 5 do 2riod A L; :` L' ,.'� ' srA t >��rJ tll,,�1", y 1 () 1 P- 1 ti j�+ 1+ = Paerow AgC11t is authorized to hold all pnpera and documents until instructed by a r st y� 2 A r: t 1 r �.; "','qt]1-' f{{+ 1 ry °. court of aompotont jurisdiction or mutual instructions, If no demands are mado, {•:,,: i7'..h r 4.4,'-' AI 7 .t•I,: +V"/r•�i,I ,!'. r< , r 11, t proceed with closin oC this escrow as soon as poaaibid. q ti r . ` ,i, 4 t 'x'`!: t, it Nuaponuibility for Escrow Aga:,t under this' ' A'rormant is ex reasl lisdtad to r`�' ,s` t `t ''• i 'ii"f;•' '.,;��,-ti'?`,r rt+ Paragraphs 1. 2r I, A, Sr 6, 7, 9, 10, 1g g_a', ,.and to its liability 'a:yder �1,� T 't 113rI ,Fora ,x, . 1t any policy of title insurance ieaued in regard to this'transaction. " ' ; ';:'r A; Si i L i �.` T tf t 4 jfr ` } ` r ,I 101. ,.I✓�T, L t _,' z;' . 6. ESCROW Ii�. CHARRP:3 AND ODS'1'g, M. Buyer agrees to pay all Buyer's ana''Ve11ur's SSLL(( t, . ? i �j.' `� ', , t, ''I usual teas, •chargon and coati which ariae in this escrow. ' ! fee X'{ ' 1e 1 L.` - r C 'r � , fij .r{1} � ,+j X i r M 7. Ri'N7AL AND OCCUPANCY 81' SELL•ER. Seller apreo� to exaauu r complete, current "'' 1'.'r ' t� t -r i.t tti and rorruct statement o rentals on form furP}}shed to Seller and deliver nnma to "rt.1 {, a ";';r` �,�' cr' �,;. I '+t{I Buyer within ,fifteen (15) da a hereof with ca ib�l ut an frittan leans, or rental ' . • ' 't , C-Iti r✓�-; is 1 r �� y`;71,+ y p., y' <,t > egreementu. attached. All rcnta will hoproracod ne of the close of eacrov on the �'�77 '� Z y_t ! /�. " 11l '�1�I basis of a 90-day;.uonth consistent with that Statement, subject to approval of ,_, IIf e K _ yy , tt `t •f', {t, {r Duyor. Sollor hereby agrees not to rent any unite on the remiaea which ore now rf,'�zi'I, h 4Ir'tt`t,.1 7 r ~ r ` 4 t1`r`rr 1 #� �. 1, v ' i , P G• 4. '.�4 , ttiw r. 4, r gr ,, t r + t f r vacunr or which ma bo vocstad by preeant occupenta prior to clone of ascrawr t•rt h� 'rd t` 4-� �r' `j : , t r Y 1•j�` �t�;?•. ,g 'I' E f t,;�', ;,Oia' ,,'S A)a Boller hereby warrants that � t,ta rental : •,.statement 5taferrad to aiwll include the ,,, 1 �r. � 1 -r ;. = , {fit term,! of all cartel agreements, tenancies and 1onses (written. unwritten, recorded j t, i Stfi t 1T.:.1 r 3 ant "x ,,t r ; 1r �; � Jt•�`14� r r:'- or unrocerdad) agraie to hold Duyor harmless tray all liability from any ilath �'• ► `.1 t ,, 'rl, loosen or a roemente, (� ' i-4 ,,;f - 7I II' g Heller also warrants that there era no oral or'wrstten t J t y rt p .*t ,s tit r , ,.,c ti lanes, on all or any . portion of property exceeding a period of era month, and �,;� , Vr } ' t.`-J=.I`,;�;Yt,';i' 11`` j Seiler further agrees to hold Boyar horala>yr. and reimburse Buyer fo any and sll oft C 1 I. wflyfo."i fri' 1ri�l, ''r its 14aae>A dad Ox ti'l 1�' t', '.. :+-'Y . - ';!,r:1�y .,,, t�'' {i,r�7 .{, �i pansaa occasioned bq rao.on of any loans of acid property held by �; •' } / �,-�, ,{ r y1 xJ f any tenant of Sollar for s period exceedt.ag ono month, axca t Hone -z+ r '�j` 5 }?ta tA<..e itlty�} .?t;1 P1 ,tjj,�✓t,I ,,j*}' P i Ti - �r �Sj l+ERHISS70tl Tb ENTER JN PP.EHISES Seller hereb �I r - ! 11 1. ;L t+y'} ar "it!..� I u71 ,r. i 8• t y 8rnnte' O B4yel, Or -iCa . ,t, r + authorized a eras eraiasion to anter upon the Protest at all reasonable times ?� ; ,� ,i , Fs �� , 'r G�'�! tr}�''�' �r t, tt g 1 p P 1 y iR f.' tJXL� , '.f •'r" rior to clean of escrow for the ur one of mnldr necosaar or , ro riots ' ' 1�f P P p Np P 1 t 4 r r ,� y .ttfµ i y ?•% + .�,f 1� 'ra Z+that tt1�'`K1 t iJt '.t inapactiana. �k 'r •1 ., r f rl•I�p� {.,tr �.�r� r1rM� e f :';! % is 1' r i �,, ' tj • //�, ✓fin }L,�w n�.p his agreement m.�y be executed in counGrparterr'eech of. rhich ��'3'' �;.; i`s�- � �, .'v4 ft� 1,,', J,j i w i;t •' J. Wtr�l1 MPAR S. f� r � t ,,;•.t,� 2, „ ; ,'`, ao executed shall, irraepeetiva of the date of its execution nd 1 r 1 �,. a deliverp, ba +'� i't r 1 #\ '' 8�j ' .r:•, deemed An original, and rill ruck counterparts together shall canatitute one and the , t`..r ' a , �f ' ,k� ( r` I T .� Vyr''t� Ij same ineCrLimCnC. _,1 t� , #t Y' ; • r! `� s -� ._ 1D; CiAS"h0 ' 5I'ATt74FNP. Seller inatructe Eatrav A3ent to rel3asi a copy of 't�,l , c, t . �. ji',, } ,tryf ��; aellCra a •state^lent to Buyer end .o Cutler and Aasoeiacas, Ync,, Long !;each , `�� ,',; t .w t" ;�•1 t+1'`Lit'�i +3C'' -� ;,J Blvd., Saito 1016, Long lkach, CalAtornia 90E307-9315; purpose, b41ng to ascer�ain if w ,",r , '}r" ", {!. try 1 ��S�e!;i��j+ ;}!- any raimb4«atments are duo caller. - • pit.. .. , 4 W7 i t+t t, .1 t r. Il i�,h 1N \ ,, 11% I; .. ' elr t j,, r ✓ '• . ,i. ,� Ii , 11 I Y, '�• r t r1, rTr ' �r ,+', 1 , , 3�1 y,rx �I f .. 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I , .t 1 t l dt ) dI . ..., 11. n It � t;� F , •.-yr L..., ,,r( J,,. ... 1, ,:: + ':, {, h' f .. t �(, ,,',r,�;i ! /' f I �I 4' 'I ;} 1S1 ,, I+d'tl� t 1J,' Q - tJ i "%.1 (� j' r'' r.. y .,,�„�„ ..�.�+...�.+.: fi t i L•' ' : S iy T.vr} $ i �,.:.,,,..:�„ C r 1 .. ri ',f .l 1 } 6 Q. / iL�.a�� -ram.._,_ , _i R� I.} i li t , •f , t . y r, •1 }} 1 f , 111; 1', �i,{T 'f8Ir I{ , ":: "t . AAA1 • t _. ��r t,.. TY✓rt r j t ,z` :.� .111, i i 3, +i f ACE: 4 OF 6 t.r ',1 A' . y ,,', , rj,A !j Y i' LOSS OR l7AHAGE •1�0 ` IHPAOYFllEM1'S. Lora ar dosage to :be real property or any I + }, 44.4 { .` i 1, v ; , �.''. � ' • .� ' , l l . c t � l .off r i, � y 1 4»c,7,`','C►N•�" .,7 rf.1 + 4i; } ,i :rzprovemanta thereon, by ties ar at er casual: occurrin riot to the racordrt�un i r ,r a,. , t y +rR'» fit'• } EI E of the Bea! shall bo of the risk of So11jr.y�In the nvunc that loam or damaga totj ,J t' A ,fir, i 1''. r e f t� t .jr'.1. ' 1 �r r 1` t ' the rttal propaf .y cr any i.a{traveaarta thereon, by firu or other casualty, occur■ , �. u t �f Lip) , 6,,v :�;r r n w 1' prior to the racordation of the Iioeq, Buyer ►.ey elect ro ro uire thew the Sailor .I,t t "1� .," {I Iir, to Buyer the rocooda of an inaurenco wai.h may bacoae9poyable to Se1Ler b 1 °' 1'. , t' ``> r ' pay p y y ,EIr , 1-: �"', 17, tr:, ;+ ,;,"; reason thereat or tc+ permit such roceado to ba used Eor the restoration at the ' "+ damage dorm or to roduca Cho totalp Hco by an aaount a ual to the diainutipa in �x�.-,� ` '"`j1'' �tl +1`-p u' I' ,il , ;: value o[ sold property by resson of such lees or dosage ar the amount of insurance s rl , _; `', `r �lr '� 13 �, . ;rr�j �;; payolle to Scllo:, whichever is greater. 4 �,tr' �': ' �4.,`< rL�a' j ` t t� ,,,ly; 1I'n4xi�,,1'"'>� ri fix, I4" R�' f ,� 17. IPaj_ dPNt' DOMAIN DISMISSAL. Seiler and Duyer acknov?edga tf.at Chia trnraaction , ,, Vt, , $ r+ �r ie n negotiated settlement in lieu of condemnation, end Seller hereby agrees sad �` ' 1j i I` t �, ! .- , t t , 1 , i1 �{ 1 =' l �:" consonta to the dismissal or abandonment of any eminent doawin nction in the I �� �'��,' ' , � Rk ` N, .': ; Superior Cdurt of the State of California in rand for the County of E3rnllge wherein4a1� �!';rp i"S f ). • " thu herein described pr�porty is included and also waives any end ell claims to ran; ? tt. ,r k a ' Ylj, , y;;f, , " , Y ' '' � ' • , ' ' mangy an deposit in aotd nction and further waives all attorne 'a fors, costa ��/ + � r *rrr1 �I I r ,(, i 1 .. f411,- •' ,(I . disburecnente and e:.penaoa ineurrod in eonnoction therewith. L�}., r.t � t ( t� y `l 4 { , . 13. P095 LION ND DISPOSITION OF SELLER'S URalT'JR'3. tr ; � i. ns�`✓ i �_ � 'k, �,1F Poaeeaaion of. rural pcoparty 'S"r Jfl..- : $` ahall tie ;given to• Buyer upna t a record rag o Saller'e deed. Ali Solllar's , ` _:`' i• i ti,�," ,•� Z�t.i r't furnLsure ea-1 furaiinings shall remain the property of.Sellor and Seller shall have , '- ,, . ',• ._fir y> ;'rs f ., tt,1 " (- the right at any time to remove or otherwise dispose of all or any portion of same, t' It--' $X E,) rt,1. 1 provided thrt mil tananes occupying the preaLsoa at the time} 3ellhr'a deed is ,t' , y41 a �: *•.•` +' "^' recordeC shall be entitled to continuo to une the Eucniture and lurnishingsc than, 1"� 1� ;v< .'CIF, ''t` ; ,, ' i` k being used by them until they vacate etch of chair respective opartnents or living ' ; ,, }ti {+� r a �''� ` , I spaces, and provided that within ton (10) days after twtice from Buyer that the ,' ` ,;.f r ''•� �1'r 11` promises have been vacated, Sellor will remove or otherwise dieposa of all such ; ;. ' 'jl�Z'?�1':yj ,'+ ?7;J r.�! furniture and'furnishinge. All iurnit•rro anr� furnishinge remaining on the premises :' ' .r r J •'1 IR' ": 'l actor ten (10) r` dray■ shall. barcre the prap�rty of Buyer and Buyer may'diaposa of rl �►k� W^Gi- ►l;' . { ;_�j�`,� '; 1 , • same without liability am it alone mama fit. Buyer shell not be liable for any �" r ' • ;t' ' x ,t��f K "` .. . 1' -ij: 1 f r dams 0 rn said furniture er furnishinae. reaardlaea of when ouch leas or fj :11, , I-3 r.,f f:, `: f` R.}, :' �. t `.i'71 r, / , e, `1 sea o o g dama�. occurs. 14. uaidianties Representations, and Covenants of Seller. Sollar hereby warrents, represents, -and or covenants tc Buyer that: ' A. 7c. the bast nt Selltl•'e knowledge, there are no uctiane, suits, material ciaiaa, legal procoodings, or any other ltrocaedings eEiecting tho property or any portion thereof,, at law, or in equity bei.ire any court or govarnae al sgoncy, domaatic or foreign. B. 'Co the beat of Sellar's krlowledga, theta are no encroachments into the property by improvawenta an any nd�oining property, nor do any buildings or improvements encroach on other properties. C. Until the closing, Sellor shall aaintaih the y in good condition end state of repair and ,-:maintenance, and shall perform all of its obligations under any aor�lce eontracta or other contracts affecting the property. I . Ea. Until the closing, Seller shell not do anything which would impair Sailor's title to any of the property.1. 1. All utilities including gas, electricity, water, savage, crd telephone, ere nvailabla to the property, rand to the bast of Sellar'n knowledge, all such items are in good working order. . F. Tn'"the bast of Seller's krorledge neither the oaccution of this Agrieaent nor the performance of the obligations herein .will conflict with, or breach any aL.the provisions of any bond, note, evidence of indebtedness, contract, leaca, or other agreement or inbtrument to which Sollar's propIrty slay be bound. C. Until the closing,' Seller ■heir, upon learning of any fact or condition which would cause any of the va:rantiea and representrtions in the aa.tion • not to be true an of closing, iarnedistely giro written notice of sue', fact,. •or condition to Auyer. , 1W_ y't, �'..,.�' r ..1 �'(� �y 7 ti t r / �iI1tt f 1 1 If S t}: i,''r-: `' i :' rr L� r a �7'17 '��'�ri ',.. 1 .1"•1l XJr iY t r'!r,...."• 1,a 1.' , •` ,}. 'a' '�'rJ" r0), ,r"".: a,.,:.•r ;,�'PSti..3..'!�:'*'�y.'I .,'J1+ rt-.v .�{R', .. .I, r i M. l }� ~�t .f. i r`,t ttt�Si y.t ;t1, a ,. iS, !',_--' J. �R 1�t�,r .r.• `i ::,. 1i ,�a ' ,� r., ri1! wl ),l 1 ' L 1 'f A „� L4;il rJ�13il�t�!' c.;i`jj '.. . -i .: i J t r t !' 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'1� t11 4e Vln .! ;":.: ll a.I,Ai11J�N:, f ,1,;1li. , T,�, 7 I � ,fI t", ^;M1-;i ,,;!F"",1) t1,1 ),i; �!-, ')NI ry� tI r - - !,'��f,44I� I1F4" J�4 ! , .1'- )i :I ; II , I. , 1! , ' .A A• ­, iI ," l"�.i 14 I ;.%.i` ;I , �� �7 I-,� .)�. el� ­;� (1,:1I), I ,,, ,%i.1, �. . y,�, 'It 4, �;i -,IjX.- -i-Jr.a"­ ; , ..O . , . I .. .. ..: - 1 1 I dL 0. I I nderin r abut. otheI tran )rtatio . , r ;, , $t.; rI : ( I 4­ "• , , I J �,I , 1 �1�kI �a_L,,� - A" (,,;. 40 ,l,� ,, 4�' �_.-1-.'-.qTs4..I ;;�.t�.�J%L4 I ,. ,"? -O,1,I 1,,W§,,q J1��" �I,�� ,_1­.,0,, r.,- - , ; II :?_�� �1,_U I.,1* �.Iy -- 0 t.�i 1,,,�I--I:4��-9-ILin"I".�;-ftJ.,,V, �'_ � ..n'� J ,­..1.1�,�li i� .�4i"�k I. lr-.,, _ii�. ,V.�A,!il �,,. �­- I. -"7,1iI 9 --,- ,FI ,`"031,tr0,,,i, ff=_),1Vl"Jj�c''4 ) ,AXA1V `Jt",0 .,J"Xj,1.',1t,i ' FACE 5 or 6 -­. . ,i"t#!)fVI1. ,I I,4i,,,�ltt; I xjor 15 ;JAZARDOUSYAM. Neither Seller nor, to the boat of . knowl-dge, any Sr :VI;vl o t, occupant or aa3r of the Property used, gonLynted, raleagal, il"._ , r;`­071�14discharged, atorod or disposed 0-f any hazardous waste, toxic substances or related . 447PJI.,��r,. ("hazardous 144terI , ,In or about the Property, '-# V transported any Hazardous 114ter.als to or from the Property. Sailer 'I�1"�,I J;Lji­, f ; cause or permit the presence, use generation, relonso, dia:harga, storage or I pI;YO!..I. ',t, ?_1"'1ofbpany azardous Hatarirlxntoaorrfroo,othu,00,n '%zordouaiMaterialn "j 1>,i )f " k,;Cl11__VleV . shell mean any subst4olce, material, or.wanto which in or bacceias regulated by any er­,VState of California, or the United Stated " H,v,1,,i(UY��i iV.:1i r1-t'-I Government,udingiLut not linitud to, Any mmtorAsl or substance which is (1) '! r5)`�Vi,ofi< Z1I."; . d6finad as a 1jaqv­.doumwaste," "extremely hazardous waste" or "rostrAcced 4` .j,"; ihazardous vast-j*- under Scetion 25115, 25117 or 23122.7, or listed pursuant to "'_A t" . . . i, r. - '­ I . . . . , .1�'�",?'. � _ " it& `�', � . ; . 'i, _ . I., , " " ... . f the California HOd1th and Safety Codul Division 2C, Chapter 6.5 , I -. � " , ,� 1,; .. - . I I I - I -Mbro.ance" under Section t , �- - t�! 11, I I ,,I,, - . Suction 25140 o , '.' 7� !�'J. - . � " I C " 1: , .,% , I , I . . . (Hazardous Vasco Control Lew), (11) defined an "hazardous L 4- .-,,, " '.,�i;, -�,, , . '. ! �! . �1. .'-. ,._., .','Z�., : I `i... -� , "I.I: I ,V . ., : I 1 ICalifornia 11aalth and Safety Coda, Division 20, Chapter 6.0 - ),�� 3 , . - , ,?� A . hazardous Substance Account Act) (ill) defined its a .. ' j,;, ­,_-_"I�,`.��.#.'�.�`. ;.r- " I '' '. (Carpentor-Tanner �` ­­ .- 1,,t," , ,,,,- .., ,," o' :,? i; . . � . 111 . � ., , ". -q - , , - � " "., "hazardous '-tatcrial," haterdous substance" or "hazardous waste . under Section 25501 l � *1 *� 1, I.." I �. . . . . . - . 1 ., ,Jl�'J�. 1-11 I ­ I I ­ __ . of tii�o CaliforniaHealth and Safety Coda, Division 20, Chapter 6.95 (Hazardous f. , ,, *r­ ". ".,. � . �1. I I I"! I - 11 b . - - ,Ak. , � ."i � . . i_ i��,�,,J[',�,,-'01, , it-" ,.,.,,, I - . � . e d Inventory), (iv) definb4'as a "hazardous 1�_­ - "., ', . 'do, Division 'I-, , ,� 11'",­. ­ ... p1,';1A',­("" , V., j .., , .­.­� . . substance" under i the California Health and Safety & " ­,.,,,;'.f� * , . - " . . ." .,;;r, - . . I I," 1 I -., . ­ � t a of Hazardous Substances), (y) petroleum, (vi) I.. I J : "�. 1, :-,IA ­,­ ­ . ., I .., . I (Underground St' ro "'r *;V ­;�.. .., , - It - ... , " . nobaston, (vii) polychlorinated Ob;p'hanyle, (will) listed under ArLicle 9 or defined _-AP","'if ,�'tA, f .. 11 I . M ._ O I i", Q, . 't .Ao", �,, '..'..�..'-".", * , . "extremely hazardous" pursuant to AvtIcla 11 of Title 22 of the I J� ,Vi* - , ;,:­1.I.-i '.: . , . , ! . I,J �, i-. 1:* - J � , � . . , � an hazardous" or . , J­J" �,, , A- � ;L.� " � 0, , , , � . . , no , 147,.1..'. . I . vision � 4, Chapter 20, (ix) ,d i2nared as a " J ��.),f ' -, . . . . . 02 -,*1, "%.'. �'. ,-";: 11 �,' �V_ I- . . . . "hazardous substances" putruant to Section 311'af the Clean Water Act, (,33 U,S.C. . � "., � �, , -virif �l � ".,--( , ',� .il i . . . . S1317), W defined as a "hazardous w.pto" pursuant to Section 1004 of the-:, U ,% ".", 1". � " - ..", . . . ,. .,;so rca " � ­.... , , 14 ! 'A, , . . . S690101 (42 U,S.C. S69r,J) -or (xi) " ".", i.., , ., .. "hazardous substarcon" pursuant t n 101 of the Cdiprehongive ..". t . -,. "r " . I , ,• deftnad as a u , � I . , t % ; . - . , I I . " , , ,; ..- il. ,­t , .. I � , I .. .. I . Environmental es ution, and Liability Act, 42. U.S.C. 56901 et M. 11 �� '-,T .it ,,,, - 11•11 .. I . , -. � I — _ 1�i-,-, I� 'I, ,0.1, 1­1 in. .., I I ". I . (42 ,�� I. � 1, , . . '. ,, . --!­,-,­-,1 ", � I V. I .;-� " �, - i;-�... " I I.At t . , , I '. .. I,.,?i ,,, I. , I 11W cum plies - i I 1, ­ I ­ I ". I ii"­ . .. , UANLE WM RN't,'IROMMUNM e Its' Intondet; use cumplies I M I M. I F '��, I - 71 1 . ,:. .., . — - LA if" I !11 flY, . I ,�� - " , ,� "', -? . n � .;,, �`;'"6 . . . with all- cpplicable laws and governmontal-rogulutiona incluil g, with liaLtation, , .,� , . . .J . I .. . "" 1-11" ,,..�,. U , 'ii.L '� ,I . .. 40 ,','. . . ... ;federal, state and local laws pertaining to air and water quality, ­,j; �- , " �, !I` v'-.:-. 'I.".,.., " 1, % . . . ��.,;_,, 'it '. I ,,,, . .., ,_,7, " - � I '. . . , '.1 . ' . '. .. Ii", 1". - i , . �..; - . - .... - hazardous waste, vast& disposal and other environmental matters, including, but not , , �,�� . I .. - : ." " wt'w?i A _. 1; 1. .�, , . .. :. . . ' r � "'. t V" I I �Ii_ 4 '_ - , It', ..-�, .. I . lial-tcd to"' the Clean Water,, Q1!jtn Air, Federal Water Pollution Control, Solid , �'r.,.`, ", , � .... �',� � -,"'I . I I �. - . , .. � I OS41, Resource Ceitne and Couprah'i 'stye Environmental 1,-j::�* ,I;.I,'.�.i"",:, ,� �. F.. . .1, ..... I At ,. ;. .1rVi­(1 - ,,, .;" ., ,�. 1, ­;_­ '. . - I 'a Y vironment Qaility #,.. ..��J,,-,V�- . , s orn. A ,I I I'— , � .: ��- ,, i*�" , ::-I,. , " _ " , " - ­ ,*. .., " - ." Act, and the rules, regulationaland ordinances of the city,vithin which the subject �- ..4;;�;'._, " , . , , . t �, .. I J,��_Iltt;_�!, �Io-...I!kl!'�, " t " 17 ; ., , - " � #-I 0, I .. I --'J- . � oe"i). 't. :. ZA � � Itfornis Npartnont of Health S'rvices. the Roglapal , ":;,t.,O;'.!,*.,-:7,` __ I �, 1. 1_11 __W . It. �, � - - . property In located, the CaL a .� N I' 1%`rt% - L.' "I .. ,'�­. ,:­,�, ,0111", - , I . I. , r, " , I Central Board,)l the State water Resource .0. ­1- _.-, . .;, - . ,�, , - -1 . �t ''.., . ,; 1�.;V*.t. ii 1 , , , F� . . . . ) 4 glil', , ►, , , �! I AIJ it ,.-- i:-,. ,, t -! � 0 . � I . ,- , . -� ."'; .-;_,.__,_ '. .. . ection Agoaml and all app).1cable federal, state and loco .Z �.. I 1� '. 1, , 0, i. I 7 r,.-.,, �f1, 1. It P. . . agencies and bureaus. I I I L - .� -)I_"_"��, , - , "", 1,4!� I 1. I , .1 � ., "'I. ­ . I , il 11.1 . 1. . . ., I Z � 7" � "t I , it.cr' ., .. ..,-. .. , - , I I ) - ,�J I , . 17. 'Wagreen to indcmnLfy, isfeind and hold Buyer haralizoatruz . I ", I . li Z-,1_­'.­, ,; 114 I . . JODEIIHM. SO. 6L ) -j,L/.! - 'T�7,_., . . i'.1 El . I-., "'. ". , . �,�� .. ..;- � I I and allinst any claim, action, suit, procesdinj, lama, costs damings, LAn fity, ' " �, 11 ", " f, _. .. . � . I O"". "',­41 -,., . .. .., .. - " , ,, daliciency, .. filar can r L•I .,)�. ., , . " ,_ � .. .. damage or expense (Including, without , . , '. , . . .I , I ­, " . ,i.' ._� A .. I i, I V. '.1' 1_i�,�it. .4 limitation, ' att ? f - . ( 1, i" - .t r.ril e .1,11. 1, I- . -R--, ", ttr .. '. 'I., .;­ . . � �� �� , ... . i 'r��, - I , - . I , I , 1­�_ ,_�, . 1-1� i��'r. % - 411A. 1". 1.1)., .. �W'r, ,; "., , I.., , , . i ":, - - . e e a f any .liasnrdcua . I . '. it _ I , , . , ," , , : Mi , -�, 1. .. .%, . ;,,j , I 11 i "r .��,; I Material on, under, In nr about, or the tran8portAtion of any such naterJals to or e�,� , � - 11 'i. , I i,,.,, 1"t­; .11 , , 0 ,,1. .- .1 11 i'l . . . I �­t;­� I - � ­ 1_11 i- I . . . , , . A . I front, .the Property,. or (ii) the violation, or alleged violation, of any -statute, - . -, I . "* , . . 'N' V I . � ordinance, order, , permit, judgment or license rolnting.to the ", .1 A."At I I . ­ I � * , I --- I . ­ . . I '.�Jj, I use, %,geno �,-;.. . . "', 11 .1l ,Xv. :1� ^T -, �. . . i discharge. storage,is �N% " , . % - . . I V.,. I I'll, A' .1 " �1 1 %� r Hazardous Materials on, ''under, In or abort, , to or from, the Property. 7MA - I . . .1 11 . 2- .L �, � , "04" ., ­ .-. . i I S.V� �10-_iix,-44, 1, , Jr upt 1. I . " ­L"�­4� -1 *.1 . , 11. 1�5,,;_ . I . .. I . �'. . Yl� I I _ � . . .. i .. , �, �1; X - � � ,Ai A ."*t,I.. m it fine,,' penalty, , .. :- ", ... t .- "..': I W. .%. , .. -, pens -'&Ing from 2r out of any claim, action, suit or �"., ; . ,,I, ). � , . I 1 1p�' — � .i� _ Punitive damage, cost or " a ar4, �� -f - .. ,� - _141 It ­ .11 O 11 - ,. , , ­ I , J . _ea �, ,-,. � . ..? . d . iq,.�-� "i-P-, _.. 1. , . . � � , o Y, . . I I :-- intangible property damage,. compensation for lost wages, business Income, profits ­o-'y nipl-4f , - .;:"Z, .',, ,. I -?,•­J ­i 1"" , ,I - , , � I . .or other I x ." ". 4 ("J" ­, , ., I,- .. , ii�.;i,q*Y,q,'. A , ­ I . , . � I .. '. 1� I , -, . 'A, - r. ,;. I, ,�:�. I" . . c,, - -,;. ', ,, i 1, , , . i . nuisance, 'pollution, contamination, leek, spill, release, or other adverse effect on J.L1. & Y'A " , ,,,, .1. ­i," ",;� 't I F? ? , , ,I) ., . I ; �, . . . ill ,-. pl,v, . . . i ---- I I., � -, . I . � the environment. e to or up .'IN . O '. .. . 11".. 11. I : . , ., '! � 4 �",.., . � , ... " V r! Ov , ;., 4,_t iM� J �� ," � ; , I I . tclose. I , t, .. I ­ I omissions to act post row. . ! I e I I :f 11W , li,.1 I r .7 . I . .§ ;i- . . . ..-,n';'��:ii�`. 1. I , " . . Al. ­A4�1"'�, , I .! 1. , ,�, '. . �; .. I.. J, O' 1­, .. I - I 18. CONTINGENCY. It In understood and agreed � between the vartle4 berate that the � 1. I 11 I O , ". , . . . ... . i � I I , A 111,.- , i:( . ... completion of this - transaction, and the escrow created hereby, in contingent upon ,;. . I I .� : . . . . t A I . #. I .4 . . i " - . . 11. 1. the specific acceptancee Buyer herein. 'rile exeeutlton of these a, ". . . . a, r" . � , I" / ,� VX 0 , A . .. 't "... . documents and �4� 1 n, �. ',- I. .. 1. the delivery of same to Ear -raw Agent constitutes said ucceptanca and i-11�1 1. I I X1 Jrs*._� � �, I . - I I ,L� ! _0 S's . I'� � ,;.' i . .... , . approval. . I . ., O'. I I I . I , ,.Ifv1 I Ft l I W I I . I � 1 6� 1 1 V ..,,I f �, WI �. , I - I W4 " i .. I ...a '. -- I '. A ,-----",---.T- - — - __; I . - =.— - - ---____*-QtX9QCrr,#QJYJtNM_ .11, , - _,. � . .. f I ­ � .. ) t." , � �, %1-1 . �;"h! f i. I � ". I . , . , - . .", I . 'k , it ,, . ., J. I . . . I .�J-� I. I, � I ,,�,, . �`j;,r �-j"'r.l." , , I 11 1`1'i_1�111-�'L`11 6:1 I ,1) �1 11 -.� 1� �,." L41 six ­., 'J"* -; r:­iV 11 " )C I, � , li-I I , I ., , , - "'i I 1. , . I.."j"tj 3 , I. ; , '_ , � ). , ."11 J• � , , . , i - .:. I . , it I . 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In addition "to the execution of r this agreement, Seller agrees to execute a Quitclnia� Deod in favAr of Buyer and in 7=''�'��"`, jj 1 ?1•rIJ L. / Si a form acceptebl8 to Buyer to all tenant owned improvements pertaining to realty. � ' • � ' it , ++,}�i y ,�; �nl+�• 1E `ii}1�1� t t t l L*I Y}ni y f; ti Z� 11y ^ t �# The terms and conditions, covenants and agreements set forth herein shall apply to ; '% i `'' ;�':,' 1'• rr {IY � +•r and bind the heirs, executors, administrators, assigns and successors of the .y !t :I►�, t, pasties hereto. t / : h . / tt 1 'l�I.yR t r •IJ. �1#'t?'-' r>J Tbis Agreement contains the entire agreement between both parties, neither' party 1 +, Jill relies upon any warranty or representation not contained in this Agrecoont. t t,. ,'IK t J ``�;"►� Fi� l j ; IN WITNESS WHEREOF, the parties hereto have executed this Agreement r•h:: day and ,,, ';yr fir" ` year eat forth hereinabove. 1 + `r � :' r tyI) Y• ,i �': 1 t'•; .'r'ai f "),y ly �i y t ;,MAILING ADDRESS OF SELLER SELLER s_ ,11` y ` 4 , �z f- 1/ BOX 23 a > RANCHO SANTA FR CA 92067-0023 J RD OSN�� ' hr,�t' ;Y tf , �t i;'•,'� r{ ; r I A ILL F. ,fir t'ri`' 9, i� s., ' � . •b i��.? 7 -y, MRIUNG ADDRESS OF BUYER BUYER LUNTINGIDN BEACH REDEVELOPMENT AGENCY 2000 AIN STREET �y par r HUNIINGTON BEACH, CA 9264EI ' t tIt Choi iman ✓�i •'Y T•; tea' ,r,'f ATTEST: t APPROVED AS TO r'OMI: Clerk, �y Ci.t Attorney J st�s u i 4 1'. r71(.F=htJ1 tlri r�iur# 1 LtA.Val . �!h"i �t., r . �.� i't�'�z�;��r�]� i >: t`_ '1' 7 5 n Ji.• n'C '.� h E 1 - r t w•ww17"-Y'^+ei++rr _ ""rL" ' �.,"'F„"f"..",'^' 7„'r'+•,r+-�.•-r� Srr-r, s =� Iy y11J� '►75?) , !— �i 31. 1�1• �1� 2 J►h r1}�n �ii'�. 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X = t ', ) t,1 4r(a _44t: If LOTS 4, S AND 6 INA BLOCK 104 OF IiUNTINM4 BFla1, AS SHOWN O11 A MAP RECORDED ' ' �tL:R� �,1 fi,;`r;ya 'I - i� '` ,� "� ` =1 ' IN BOOK 3 PAGE 36 OF HISCSLLANCOUS MAPS, RECORDS OFF ORANGE, COUNTY, A +h� h r I ft 75tr`�tf�JlY1'r �.�^ ',i: �' , ••' CALIPOP.NIA. t •{ `1 ��{„tY4„t�1'�+i1. ( yii�1 �.,,. , Y r , L't„��4? •, r '�� I JJ*'`%i,ry,. t 2'. 4. ' rt `11 ` I1, IO. a ' Li i'1 r l ,4J � PARCEL i= t', ,w :i';.�i'ir + i Y>'r* x f+A •y �, 7( �t w �', r ,., 'r : �.. y.,, yj,r i) l W i X}:+' t '' i 1 s ' tl: 411E NORIIIEASTERLY 37 1/2 FEET OF 41iAT PORTIONOF OCEAN AYENUE, 100 FiT HIDE, i f�wrr ,' r:. ` _>',:! E4 ��`'� ", LYING BE'I'iEN 41IB SUllI11WESTEBLY PRdLONCATIOH OF T31850U411EASTPRLY gZNEGF'LA'1' 4 tt + • 7 R tit 1` A/,, ,� (•}' l n r. , AND TIE SI1U1IiWESTERLY PROLONL:A'tTON OF 41iIi NORTIKNESTERLY i.INE OF LO'T 6 IN DLOCK 1� ,;' s �7 1`{ '� 1' 104, ALL AS SNOtJ11 ON 411E MAP OF IIUNTINGTON BEACH RECORDED IN HOOK 2, PAGE 36 OF 7ti , '�1�'' ; -, r .. i Y , , , J 0 r.' , ,_ ! +� t i, J' J ,ry=f1 . �'x �' 11 HISCEL1�t31FpUS ifA1'S, RECORDS OF ORAIICE COUNTY, CALIFORNIA. ,, ( Y,, "; 1t ' i 'f i.' 11 * ,. It `� PARCF,L 3t ''% ; 4 1.1 c1 ' ' ci � ,�,, ;i��;'' tI J 411E SOUT1{WECTC►1LY 12-1/2 FEET OF 411AT PORTION OF 711G.NOR711EASTERLY QNIi-HALF OF ..'J ,, , , 11 .1 ,�f J�'t "{li ` OCEAN AVENUE, 100 FEET WIDE, LYING BMWEEN TIIE SOUThVESTERLY PROLONGATI3H OF ii` '''rJr ' 1 Yt •' t- tr•,11-a s"i t' i r} 411E SOUTHEASTERLY LINE OF L11T 4 AND 4119 SOUTHWESTERLY PROLONGATION OF TI'Z Il.. � I � c O}�, ,�,� '<,� c _ r '• ALL AS SHOWN 0!I 4113 K1P OF r _= I , t t:i t�� f,y 1 *1 1'� ':� r iIOR41IWFSTE:LY LINE OF LOT 6, IN BLOCK 104, , �) '•` ,'% iNNTINCIC)N BPA41 RP,CORD5 IN DOCK 3, PAGE 36 OF IAISCELUthuUS MAPS, RECORDS OF ��,�, +•';� t�p�i ,'- J (K 3 ,;1 It �� = ORANGE COUNTY, CALHORNIA. �.i�y jy?,'d !)9'%7,",1, = t,t I f�1 r` i 11 ,,, . i 1 ! • l) }r, !rt yI9 1�. \J i.A 1 f :f * 4 I li ,_{ !'t WY r r rL'ty ` 1 I 2 .�r ( 'r' jJ ' i t '.1 x i r fa 47 1 -.Vf I1r 5j ••i !i it / 4 ( 1 l y 4 tit. fT iVt :: r]t,t,A'•i j.7`fi 7 , �,,. j 1( #yr� t i•,#�1 #. ��,tJ.,--�{. 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Liz •), t 'r'�'":,in1!^@sA� Z>fg r ••' '?,_ :: :.. "r r , ,'1) v. �. t ,t '',1i, .'.I,:i?'. ..,., .. , it; '�''i; {i'•}''.�/jij�t;!_ •a. [.�,i•"i", AJ. Si_ k if. 1, .1, ,4 'j. :f; 'R, ,,.. li;•. .� L,),:, '1t,n.ppJJ, i'gii t L h• _a i..a.. ,i. alr _ J'. _. .. 'a I ., , , ... .,, i 4 . : - ___ -. '. _ .- I . _._.._._ _. aS i,.r}.• �'!q?7,;� �-J A; % 0 4-1 J itto god. -FE5 r,,�,OrL FiEQUEST FOR CITY COUNCIL/ .41 j ENT ,AGENCY ACTION REDEVELOPM June 4, 1990 P. Dau t --t ----------- -y COUNCIL it Mmbers APPROVED By By City Council Submitted to: Honorable Mayor and 19 A' City Administrator W.k) A 'be Michael T. L ruagat Submitted by: z, Deputy City Admfnlstrntop Robert J. Fran y r Prepared by: Payment - Costley Property Acquisition Subject. Ji4 CIO 2. tti C3 Congisterit with Council Policy? Y64 Now Policy or Exception MIA, Cal Statement of IW.9, Recommendation, Analysis, Funding Source, Altennstive Actions, Attechlots rW pffiperty in 0 It, March of,119899 the Agency approved the acquisition .9tatement of Issue', -phase= areff-b-Me- Plain/Pler undevelopment Prolect. The purchase agreement was approved Ions but the note and deed of trust Ided with escrow instructions and the escrow company was pray A'j,jjz- ffil with the agreement reached by the parties. `A . - 't- issued at close of escrow were Inconsistent 1'r reflecting the terms for attached escrow Instructions refl Recommended Action: Approve the at Itecom "it wcquisltlon of the GoWney's property, and appropriate $40359000 in the 1989/90 Redevelopment budget for final payment on the purchase of this property. Aunlyalas The Agency approved an agree ment for the purchase or this `property an Harsh 20, 19119. ThL-Iiscrow Instiuctions that were, provided to the escrow company were all accurate reflection of the terms of the acquisition. For reasons unknown.to staff and without d by deed of trust provide adequatecompany afthe close of escrow a, explanation. from the, title companyl the note and dF the athe title agreement re Inconsistent with the escrow Instructions. for the purchase of this the close of escrow, while Mont could be demanded twelve men, hs from prothe err y wa s that full payte and deed of trust Indicate that the payment Is not due until 'no two years after the close of escrow. - It. addition, the City Attorney's Office has, indicated that It is unclear from their r research whether the escrow Instructions were included as a part of the agenda package when the Aenroved th�.' aeement for acquisition of this property. Therefore, the Attorniy's cy at ogffice has requested adogrption by the Agency of the attached escrow instructions, after which the.title company will Issue a revised note acid deed of trust. Payment will then be made to the Gostleyis on July 31 1990 as specified in the original escrow Instructinn S. ' Alternative Actions: Do riot adopt the restated agreementle for sale of property And risk legal aC0n BS by T nAllay.]I- Financial In the attached letters. L1L V Funding Sources Redevelopment Agency Tax Allocation "and proceeds. t,A Atta,2hm intsi mi Cerow Instructions 2. Letters from LaMarque Financial VN ill t�l 7, IT 5203J ­1 X. F10 4/04 C T - m """Www"firvimn. T .4, f ' W -f 4,1�; 11 -Y 6, 1 LK A1 WA a itW A -T T V iX M ". It, h v Miif R q �,t, u t \N. 4 4L tv 5) KI Tit - "J1 Jp• • I �Ijjr qtf If I tk. ZIA 1" 1 A, MAf rt N AD A -NDED STRAIGHT NOTE XC AND CONSENT $1,03,61000.00 June 4 1990 S, kit W:4 Whereas, on or about March -1, 1989, the Redevelopment Ilk Agency of the City of Huntin:gton Beach ("Agency"), also known as the Huntington Beach Redevolnpment Agency, executed a "Straight Note" in the sum of $1,035,000.00 in favor of Jack Leonard Gosney and Marilyn F. Gosney ("Sellers"), and Such Straight Note was inconsistent wit the agreement and escro-, instructions of the parties. who now desire to amend the Z: note to reflect their true agreement, _5 NOW, THEREFORE, the Redevelopment Agency of the City of ­nl JQ Huntington Beach ("Agency"), sub' ect:*;to the consent of Sellers,, -,h 4,! jy"fr� amends its note as follows: 7 '1 On or before April 19, 1991, for value received, Aget'icy promises to pay to Jack Leonard Gosney and Marilyn F. Gosney TL In (Sellersl at a place designated in writing by Bellej:se the su. of One Million Thirty-five Thousand Dollars ($1,,035*000), with I` ` interest from date u,,til paidg at the rate of eleven. and one-half percent (11.5%) per annunt, payable as follows: (a) First year's interest in the amount of $119,025.00 to ­i4 be prepaid, receipt of which is acknowledged by Sellers; Qy�, (b) Second year's interest in the amount of $119,025.00 payable in full on the first business day of the W", it A 0 twelfth month of the note period (i.e., May 1, 1990) g. 1 3ged by Sellers. I u receipt of which is acknowledged I. i CNN re *XV pt it 71 61;" i T &X r VI t iY iN --7'11. 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H,1:.....•+It„.,'wl-,, ... a:.. a.,. ,.. .... :3 •_.i! _.. ..^.... ..1...,-: L7L.i��h..:, -:tt` .,_..�—%w,.,ft-.,..a. i,,,.fr�...,,.w ilGw'A Will . �� ..�:YL^a 'tf n` rs ?'�,�i t��1fi1i4 yet l t } ..j i. 7 J1 tlq,' i• s' 41,,,t1 Ai,.1fa}'1 _ C•ti i 41.1w, l .'.t , C# I 1 1 tIl tit'-.: W:''� 1 ` f .. �% 1( '� 4ht ft rl.. 7 1f t ' I .•t'r 1'I , �1 (,II a t , I ft . J J At an time '•: 'r. { 4 �� 'fir ` Y l��+ancy has the nigh! "o prepay the loan in Full F `' i '; (1 ``�' 1 ` �, or in art. ,h'! ,'tw 11Z ! A-' , ( , j-' . ,, ,1;; 7 1' S �J 4 ` -, � Seiler may accelerate payment of principal and interest to a 7i }%'• E; trf l a , f.' �t ` r j1'r ' ,. ; ;,1 j 1 ,-, y aV,... Q.rtl.ilyTt rle,, ' time no Narlier than Fourteen (14) rnanths after the date of the '� '`� �',`-++,tt; #. { t � ' . r t '1R ,I i f h, yfrJt original note, upon sixty (60) drys prior written notice to {'I r , + .r f .i,,.: fw;.,sr.� s 1' 1 J r ,t t:, ; tint+ , r,' Agency. It is understood that .in the event Seller exercises I t,-I,F, this prepayment option; Seller may rEtain any prepaid interest, �p +, ; ^' �' 1 • + t t .` r .r . II Ir ! : + tt,'kL f i'!''r"iJ ar ,� it being the intent of the parties that Salller receive f`''` `I i" "'" f ', L *`I ltlr ` t t A rJ It. R J {} �`, ` ,t ' �23Ei,050.tf0 p' as unpaid prir,�cipa,l 1 .fir j 1 T'., f O (, J -li1t ♦ r, a{ !! Y •' r 1 1' .: t •„r t,r, .,,f 4 5 Geller shall e�cecuten+l dolivfer to Agency both the original�I' - , =ry.-`'t'`y``��t r,•:, r `. iwi�_"r a _ + Straight Note anti this amended note aionq with a request for �,:fr,,, [x „Fray + e "I t '. r k, % �tif r, , 141; I / , ~1 '�" reconve ance of the Deed o£ Trust u on full a ent of rinci al ;'� <tR t ,"'�'1rI. y p P p ,yltr , ,, t 1 p im r � 4 !:rj 11 , r r, i ,,� .r iy 4 t. (f1 �j i}s )rt �•r r k wi .,7i• ! f 4 �1, 1 A ilk f ttif iy and interest. i,1►'�' ;i'}tSTT�t�;i"t`t , !y ia, . L t�, �t r I ,-. L, ' 1 y f i tr 7 .wt �• ft!• �� A. '. r�� ), I.r`t` F' This note is socurea by a deed'ot Crust to the Firstt�i `1�+j"v.` a�t4,t •`•jr ! �t I 1 7 �',,x t ,,JJ", F� � 'C 1 i, �r - �5f,, =! `' American Title Insurance Company, a California con oration ` '1 i f1.7 ^' �l.' } , T f`, aj P / 1"+Yt�j'i tzs . , titi•! 4 } S} Ji .c !; ,clew "^ :."' . `M f 1t 1,' Trustee. i5houlti Agency sQl l the secured property, .this note '', �• "•' 7~ ' "--" 4 t ... t'�f�� er�i- y!t (t ed �,�! ;, '',s shall be duo and payable at the option of, Geller i ` �1,'_`�1,`r~�"'f,'( 1 M �i 1 `t:';; ? I; rJ,' , , t1 The amended note shall supersede and cancel the Straight 1►.�i'�„' ;7; it 1�#+ A' �-',.: t , , . 77 ,. J rat , �"�, �`Yi`� a ti'I Note dated I►iiarch 27, 1a89, " in its G[1t� rety.;;1 trl`k t` R �Si'�i dot ,+ ,� 1 ur S " -� ' `L ,1 Shoulc' interest not be so paid, it shall thereat tdr bear ;;`�'�i `I1�r 1 �'y •f �: t, r f1' r 4is iui r ' ti 7;'E"=% ` � ' ` 1 t '," ;gill {`' . `'rig �VN1' ,� like anterest as the principal, but such unpaid interest so �I ,-;!., ti �t""j']l�lyk `1' °'' :;tf, `' J- ` compounded shall not exceed an amount equal to simple interest ,, )'I�, ,, ", 'rrz�,,F}k,, )!!!+ 6 y S f r i ,i l i , ► '�`7if,. J ii vt.:, j �r;t7, "i ,`C?k on the unpaid principal at tree maaimu•n- rate permitted by law 'tip ,r �t '`x/,y�y�{aa{'� `4; 411 it(•,+�, 1tt T Y e }, i lY .S i•4J;,f 'lk` t a'" t�Jy1' I ,� • `�'l, `A1.!', f�. �.': `� t. '' :f•' t(" ,, '� i' '`ti- , Should det=aulL• ba made in the a f,,-,rl`ti yPI }q` P yment of any installment of �.1 '`i'ar ' t...MV`� 7+�y �1 rf `t ik' i� 'tr .t�K�`",�,�y�:t, ; interest whey. due, then the whole sum o£ principal and interest�,�.`;�{L ;� '`' fr r r Fe."t ' + WI11 � �' ,try „ 1 i,�Vl&jIj�,? sJ' a; `r! ati abJ,e at the option of the ��4{~' 1q• ('f, ;, '_ Ji'r, 4T11i.Rr �r, 1 t" ,1. ISC - L'} F. ,�.��{�1i �. a .­(c• S:..I t rr ^d t�&*(., � 1 ;'tY"'. ;i r' hr✓lc�er of this note. Should suit be commenced to collect this '' t LI Ii aof ,1•r 1 ."r tt,r�'it,,i AJ ',;' f r 1�R� ? "�Jry`l {'� `� t�>�',it� .', o 7.,_, �.,j_, ,�}}�f�L `l �r no or any portion thereof, such sum as the Court may deem rf{� ,, .,>iv„ . > �1 :) �tA%+t at J'il' : '!I ,: r; I . "�! !' 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T I},-,�5 r f t REDEVELOPMENT AGENCY OF THE i . �. } CZT'�t Or iiUNTINGTUN REACH ATTEST: -.f „.%'-`s' �' j ;I rf f+ tr �i )I i%�.+ 1. ` + t J..y 1 ,i,'a�• r -r. 6M MW IN`` I ,�IJ1i ,, jf � � C a rlk 1 ��- B I. � . ` ' .".�`...•r' Clerk '' �. ,, ' t., L.rI I ! J Y .�.. k is ,r i Chairman ,l { )ti=I,s J 1` APPROVED AS TO FORM: `i> ' IT} Fll:; r PPRUVED : t2 i Yt }j Miff /I t,s /• I li 'l 1 _ ; J. fr I t is IiI',-it* l _ ,'if IF 7.ttF ' ,. '{ 'f�' rr ;J', I •,1 t/(��, •�a.� _ _�} ! (1�/�'' l_1-1. ; 2i �..��;'< ,Jt,i­,,S 1 .'r r+'• Rl,ir '', r,, C;.ty Attorney ��- r Eu D1rec;tor�` ` r,;��j t�1�i14,r'Sf. ecuti r ,(I:. r . , ;.I j,t'tttj{.T JJ, I1% 1.4�.t' •1 k 1 !! j} j , r ,it,i,, tl '.. �(rdVJ" ,iI1. a.I-.,'I il�f,rl i 1 ' 1 IH I{ :) r- r� 1•; ' Ja. ' 1 . f COt�SF,NT Q,�' SCLLERS 1=iv�+ ,rk ` ` 1. I y.;I �' , � ';,1 L' J•!r ; L, , ;+SAY,:^t#11 • '7 ";TTjil, 1 ` , I ti yt � (J ! _ 4`1 1 tt. 1�.•.1 l 12p Rr r"I pt{ , 1 , .-' , r a�'I Sellers have road the fore oin Amended Strai rv�V : 'i" ,;'.xs ''.,, ' t (_I t 1 9 9 g5t Note, ful 1Y t k f, ti` �'' f j J ! , I -_ '. i f r .. I'_" 1 , x.X j r �f, ,xt+T (%t� �' 10 1� t , tT t: ,'S r r,1t , .t t _;, +,t' ' �{ x J ' understand its provisions, agree that it shall suPdrsedo the I'Y ��`} , Y1�rL�a i i �r 4 1' �,1 ; t ,l `� 1 t1 , Straight Note dated March 27, 1989, and agree and eonsdnt f� all l yin i 34''�;t� ' , J 1>'i�-,,h�,t,�c;�1��,+'r i+ its terms and conditions. I�,'.�-C��'1'�t{:r fy.7 r...., C,. i..i .-, !: _ ` .­, ­ lCI i 1 ,ti,s�'47, ; ' > ,,1114j.t jtI{;tf �Ji r yp y� L 1. i f y' ( L ! l Aa r L4 V 5 {! I -i�,-.; --e. I!�-.�. rr I f, , ySk ♦ y f +. [ ��aw, '_ ! 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S i .. . lltf}I r�. j 1 �( } t.: ;, f-1 I! r ` , 7, 1',' ' q iy 1' t. ti t'+ ) r", ' `) , ,lI')fjjj1 '- 1 1. 11 •`! .I, iLI, r i V , • ::) , 1 fit., _: f r - ,; , It i y } I r I , { s +ail I., t r• c 1 _i 0� S „1 } .r } -j �1 i."' 1'# rY `(r, , .1 ,.} 1 " ) t1 •V ) t ', t r�'LA MARQUE FINANCIAL V 1), �t _I i ,1 . / 11!r 1 ' a .... ..." .... .,.... ,. .",.._... .,.. .....,... ...., 11. ..,.—.,. .., .,... . .,.....—.......,....»......., ,w..--..�,....v , �` t. , i 1 1 1 .. .. � �, , 1 : t 1 ivi i' t j ''t r Y1' 1 ' Sct� F. ��� �,, t , c,� 1�zlo�� ` , �;� ,i +d, 4!o`` i3ob Franz Iti` I,'). Doputy City Administrator i, sN i,4 ra':, CITY OF HUNTINGTON BEACH , ' ' 1142a00 Main Streat ", + L Huntington Heath, calf. �2sar3 f I - ; 1, r r ! tt ` i'•i; Re: Mai��-Pier R4dcvelupment Area i;':=4° r'' a , , ,�,t Parcel No. 24-153--12 - r„' i; c r ass, gaaA, aoe �, a10 Pacific coast Highway t.} L :)1 's "t,lir,� �� ,,' ' ,' Dear hlr. Franz: ,�y,) Today I spoke with Mr. F3renr�an, an emplc+yee. of the City of �� , ! 1I,Huntington Heath. lie confirmed to me that you have received my f r t ;.I,titi , -.,li�,"Q • ;f five demand letter: dated May 1Et through May 5t;h. He further ,"� •y ' -: „:t ``•y• 4 '- advised me that the City held a meeting with Jim Chinn of Cutler '_' 4. c . „ dk-. , h Associates on Thursday. The results of the meeting here: ,�i ) ,G I ` ' It Cutlet Associates, the appointed aq�:nt of the City, '�c � ;'I '�i, i t {.�'''' ac�tnowledged that the e3axow instructions reflect the ',; `� ,`' , =," ` `' agreement which tJas nego•ti ated by the representatives of the 1;;� %plc , • _ • ' t 1 F l S I, ,, V .I ;. � city; i . `'1`',i,r L 2. The City did not prepare t'.he Note cr Deed of Trust; '� j "I_; ,," 1 '`,_ f! .'t. 3 . The City Council only y approved the Note and Deed of Trust, ,;r .F 1 thsy did not approve the escrow in_ tructions. <, , xk. t 1 ( i ,` ' ;',� In order for the Citf to comply with the terms of the oscrow ! '. `' , ±nstructions, those instructions must be approved by a vote of .'ti>a City Council. He has as�-ured me that: staff will prepare a xeport I ` 7. 1. `� � ,_) i, ttt,t Irequesting City Council to ratify the terms of tho escrow { �, �►,,t-, :,, , ;� instructi 5. He further said that the escrow instructions it ;, , I tr ` ,; _'..rvlt ".ii ;,, ratified t. =.11 allow the City to pay the prin::ipal balance owes on _' �_ r r t't�.;•3 1� N. July 3, 1990. �� �, T {' Y II 1 ( , ,I y1 .' Y err , , }V��' He has tentatively identified June 3, 1950 as the date that I [, 1 , .' ;` 4ity Council will hear the matter. Please advise me in writing l�s1? {' j' I . _j i�; 't ,, fry iF any of the above is incorrec*. {, } our position that the city prepared the incorrect note and �r ,,4.t .' 1I 'I V' l y , . S deed of txust has been modified to reflect that some unknown �� f�n, `„ ,` s�'i" ' ,, :.'r arson ar ersans created the mistake. however wP stil_l are of 1 ; - ' r,,i1I itik ,' j�'t t. the opinion that there naw exists a *ethnical d�:fault under the i(F ,' I " 1; Yi I� terms of the loan agreement. It is further our position, as your yi;} • '41 a;'Ta i,y 4, lender, we have the ability to fo�:eclose at any time becausa of J) ,11 6J 1 �I. (, .,I t ,� , (;:' +�, # I' t, the technical default. We also retain the ri 'rt to rant an .G' ',� ; , t Ia }' 9'� 9 : e � [(�� ' '1 ',�' extension of t1I1e fo, the City to correct the default. 5 t�,i 1 1'1 'l4fig .1 t i ,j�> t II I. t,i a rr' It . `t ,i f,' , I» , i Sj fY ') !l t ,j 1, ; .1 "7 :, �l '.!. ., 1 t t 1 ,, h ! 1 jai � � ) ��F(i i , I 1; AI r it i.. ,, .i. 1r �. }!�'.rr`f t 1{ . -ffi' I< a pit t ` ,,;. i J,, . r^�:it t1 ` ifi ' l�.r� ,�'I ti 1�1, )1 l 4 lr� J 1 7r , c a i t` 1, 1 X,- 15p.: 1 , ) r i ),. ,.V X r t f _ t t .+ ! i. , i s 1, t I. 1 - y r ., ,,. ,, r i 1 ': I 4 t S 1 l �� ,r 1..—vw.ar•>tittry LfT3Y, !!R.7,=4'" .AR'R,ft-,•1<...;.rr..+ I—..�wwr vrr�n. A...re nvn•«.+vr....,,..... �..-.....�....... J { ^' 't'+ 1 , ,l t . ;� .. r I - ,. _ K, :SiL�*Tf';*',_y. .c !, , ,i 1 ".'+ *r ,.r"7;11 �'L...! ;. -! ♦, ,� f yy�i .l li "` r 1 f -.' ,, ., %>},,. , j .fir i- r'f1 4f7{T- r ,i r '•�� t I�."�4/t t 1 , .1 a r t. - f, �i 1 (, , it -I-I-, =fib;f. 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Il, ira Cr: ;, I 'uaY S'.' e4. i ; +a,., ,..)%, +. ,,. .r ,.:. , ci , �1 +' '�t 1'f 1. 'if'Y_,.,�I..``,'0I,•4 r' �r if,,�'��!�.r., r : s - t: . r, N, t,' ,'t i, ! f t, .Z r. ft:I , 1,i d r1.: 1,. f.,�.`�'., �' i, , Ix ` , .1:.. .,:.�. ., it !l. .(. nl -1r, I t` ��5, L i ' r, .j'' �[ j'I 1._ ?',;,­-t.�.� .I;I.: ­I'.,i,,.�Q-',:- ,�. .., j ,�+ �'::. t:, ... 1%. t.., I .• : ' i' -r 'f^ .r r, -,), ,t .,, a , , f V .-l� F.1rV:', !�: S1ta. Y1 1.; ;,,1. ry• .I t L. i`s...,, . 1nr ir!'J}. 4' tl� -i,: •l''1'1 .'ir' if 1 , t' ti.� , ri, ( 7 - .-. ,. IA, , • , S, 'M,.. '1 L• 'i l '�.. M r ,-- L,- ;. �. 1 4. 1, �,, r' ��j.,• ,r t p, 1' 1. i. t. ! �I j, ! i 1 1 J. • 7 "`'1- c' il., �' `, 7! �;' 'a. t•'i 11, ,' �`Y, t r ! i t fo` itl i{ i �', fi,i, *� dj {,: r, I_J ,I 11' �lr i,, ,t,,, i ;IIj ,S C ': 1 ,0 )t.i, J,: of .l.;. I/,', �l'.�° , i�..: ,. ,. 1. 1'r :, ,9. I. _(, ,} '�I' h F41 1 �•'•2^ {1j� 'w: jlI II ..,. d_'.e ..e' ! y,,e 1s•',: ,,. �,.`I -•:ti;; . .,,-:,.-. ',;:i ,./ r :I .,c; 'i0 ht. 't. '. 4) - W , ..•-.: ..Y_n ,��.. ,-lr'+,•. • „ r' . ..i - 1 . ,: . , , 1 �. , ,, a,.''t**'t ?I-. "T' t .a' I } •"1.. 1;::� ,ftii. ., n t.� �( ., t1il. ..1'r z. (t' fr, ,t •) 1 ;� rr,. li } tilt " I. c e ' . 1:•, ..,.,, r.:.}r .t .•... ,•:, •. : , •l.t.-s• "lt • ,'i. ' �''� I..1,,+`. .�71,'� t. S.2• .-,,u 1 l -I- :f .t,: LI ,, ;n , �' Q r1T �t i , yy , ,* r 1 . i5r - u . . ', — - -- I Y 4ll .111 71 'J • 1. • ot. • May il, 1990 ti Bob Franz tj 'n­ hold off on Be advised that the Gooney's have agreed to city indicnt0s ided that the e 3 proV e matter before councils foreclosure until after Jun n Lo bring the 190-0. i,.q %,11:1ting of their intentla an July 3P principal balance due o pay the princ is cc I.: with a r ruclot t . I City to: for the eat or this a formal request I. please cons 1,990. ter than 14ay 18, toter no la 1. Reply in writing to this le s which staff report of the agenua and all sta 2.Send a copy Note and Deed Trust tO: reference our V Rich Riel A Financial La r1a q 3563 Fo%irth Ave. San Diego, CA. 92103 please call me at (619) 294-4522, should you have any questions lye Rich Rie). president La 14arque Financial it r1,r cc: Hr. & Mrs. Gosney a. William Beards, Esq. First American it 2 7 4 ki 7 J i X.Y,41 t,"l 7 '7 1� 'ri 141 A it 1 *�O, 7' Y, 1 To Poo 41 1 S.`ft V oj7 04( I :A ,�'</. !! x15)•;�''fr r' ' �i' t -i� - �,.1 ! ! .1d /r r � +wwr...i r' .t p -r' ,t' "'.i �[' L � ? t t L }'t~•' r :. ) , t . t.L l :- t ;� 1 , ...1 : f] r' r, ' .. .: ,. •f.!.. ,�...�urA iw 2•. j::�t. ,'c •...+,,.:r;,r. c::. .. ... .. � .',Y', ,. �1. •.{' \t :.�w a4v-.. �,,. :f... ,., •�. .. r , r 'f t ;r LA MARQUE FINANCIAL 1 t 2.198 LA MARQIIL SOLE , May 5, 199'J GAD N1T., CA 92109 , III IONE 276.6336 Bob Franz Deputy City Admi-nistratoi +: CITY OF HUNTINGTON BEACH 2000 Main street r 0, Huntington Beach, Calif. 9264E3 r, i Re: Main -Pier Redevelopment Area o _a.rcel No. 24•-153-12 ,y `. �,;'� ,• 408, 400A, 408 410 Pacific Coast Highway ' 4 Dear Mr. Franz: 'L Enclosed please find a copy of the escrow instructions upon which the Gosney's loaned the City of Huntington Beach a million ( dollars to purchased the above referenced property. As you know, 1 - i' I wrote you on March 11th and gave notice that the Gosney' s are calling the note all due and payable as was agreed in those •'F''r';t,�E ;,;' L��: � +� F instructions. ? �� ;� ► to On April 3, Robert Sangster, Deputy City Attorney for Huntington Beach, wrote me a latter with copy of a note which 17 does not reflect what the escrow instructions state. I have confirmed that the City's cony of the note is in fact the NateF,r rI f which has been executed by the City. `� , The escrow instruction which were the basis for the sale and t ` :t% r� }�st" '( loan were negotiated by J. William Beard (Gosney's Attorney) and / 1 1 K i ': t,rt ,► ''l\/ z";r', ', myself. All the negotiations were conducted in writing 'oetween myself and Mr. Beard and a designated representative of the City.'' `t k Unknown to Mr. Beard or myself, the City instructed First ti: i i t r American (the escrow company) , that the City, not the escrow , company, would prepare the note and deed of trust. Neither, the °<< , t _ escrow company nor the City informed Mr. Beard or myself that the borrower of a million dollars would prepare the Note upon which r• • t� ';' ,�r;K r, they would be obligated. L,��r il'J' j tE4i Upon investigation, it appears the City, without notifying p,� +rj.t5.11r,.� L r Mr. Beard or myself, sent the incorrect note and dead of trust directly to tha Gosney's for approval. The Gosney's received in their post office box, the approved escrow instructions and whatle 1 they thought were documents which had been reviewed by theirr;lu/ _"•' �?' `' r ~rl wyr .;i ,t j�.a attorney orney and broker. While they approved the form and content of l �l n`{' 1 ! the City's Note, they did so under the mistaken belief that all '_ '` documents had been sent to their attorney and broker. `,+. tl,+vl , �`7=}•�4�r►x, r t ! +`j(r r `Y,_! 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"."i_--..-. ,4-rl.t •�vti -ok—s.o, �-ko,v;4�i47.�� 'I ZI � I ,,,t<o,) Z A k IiEi 1I, i1- ;k,'-, I JI JW(1._-S "41',A" 1+1 ti,"""P 4-;I IA , 4- jI � ,�.. )7k1I 4i t , `ilyj,i,i,o401� 1 ir 11k r ,-�;11 4,j,- ,?) , l"I rii ,,�611�1�� I �I i(",�,,4, !" ,f t "I.-7 A '.-). I . of Huntington Beach i )I*o_,k, ." .. 1,1—I Iy t substituted ft note InA)i I 1"i­l"I ; 'g.I f-1% 1. I contain it due on 1, e if,!I "I­1,'". _1-01- e note should contain e 'I1" ­f,-%'­ik I )�! 1, �;,61.,,IvV, 1i.'It)kiT I j• ip�v", ;fl,II -t, kA"4, ,4- u_ ,I k ,yi,�,1P ISY­jz4� -,�' instructions ?1)" VT4 k!.0,I At p our position that the City actinns, i.e. IrIAk',,i,�if`"II, 1 _• (t% 0, 1,_i"t'."i, �i,I 4I, t I "'r-W $J ,. �;i ,,% ft1I4'!'kj �J�-, "til-T "",,,4�.i_..N). itV,.- fi.­r'. 7t1,! �4e.,i�%,"l.�A ,tAt","i ",�.tlI4 expect "%Y,,r 11th, -�_i_ilfk,*II- ,III I urn them to me at le 6 ). ,,-If% address: (�_V�A1�A q, *1 Y61 1", I 1.,_�4,1 I. is fkA;1A­tj,_! i .v 1 t Rich Ricsl �o1;i", ,jk,,,�f"r 'ov , " ," ,, i k % T ;ij; �"- ItI) La M I*k.I"f.Ai ,I";AV ,l I,-#k­.'A, 2498 La Marque " r'i�-­�O,,l 1 W-' 1, I i�', j) hjT'.1I qA- . i­'_;,,i-,k,!"�I IalII,-- "­ :�-,,,;..It , l ,­';j.,,. ,oI A " . , 11­-, ,­�.;1-.1.''_;.,- ' i,, .' �.";),�r " I Jto its ",�r;�";A�.-" ; 'I, , t,_�'r.1'_P leg that 4$ t V:A��P ., , , 4 "� ,R,).. .�,.-. , ;. written ,i,.A-,i��i L i I, . ,,j.Zr.­_, ­i"I:.,,�_ Wrc?A')4kt.,1 :_-Q",i:'­%kt'i t Gos ,,1tji 1;tv , .,,"!1n,rW,,r1k1 1",, &".,,,,. 14_1i�_A­YvCjZ­1,?;- � �I I - I, . ..�it- * . ( P U , - tit;' l f L 4 0r f � , )� . , , " ", ;l­% ;i,`"I ,�,.". ­ "wIIi i! 14� ,+1i- {'Nrie117,I;jZK­*24A,2 4�,Y, 4!"c "LA;T,-,t1 t A r - 1 1I 1JULY 3 , Please cal] me at (619) 294--452z, should you have any La Marque Financial Rich Riel President J. walliam Beard, Esq. First American .11� I, � .. 1.11 - - " I I . II.,.,- $.,­' ,­; i .�,. ­'.6 11 -,. , I �'� - * "" ­�,, ._­ ,i�,­�­Pil .11.1�� I �:, - , , , ,- - - . , , ", ,,,, -_ � !�-. I 64 14 , .._.��'% 1, I , I 1, 11 , , , .- , , . . . . .., ).',� J` , 4 , �,-, , �; ; ,, , , ,_ 7 1 , , .] .., " . , , , , . A . -, , I . . , V U, , " , '' , qu­ , ,j : '. I . � � . ". , , " ,; 1. ­. , .. . , . ,� . , , k , " . � pv,t,� ,�7;,-,., , ; - , " - ,� " � , , � � � :­ � � . - ­ __ , . . , . � - , - - , . , ,!� , �;t �' I " . , .. t"; , I; f . , " ", , ., , " , . -' , , r;, Pi,� .- " ., , N ;', 'V, -t,.N � , I . � ,� - � , � ., , � - " �, I � ., . '-, t", - � " j . . A , , ., , �.! � " , - , � � , ,� , ,'� , �,-��': , . . . �, �'. 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I I ?,.,-' , - I ,� 74 ' " ;, , I �, , .6 ij�l ,; � - ,Lj;-I,4� , - - K �,,�,, ;�� , - 4 ,�; " I), i � '�,� - - I ' - !� " - I ,;,, k' - 11% " , " �", 4 � 1, 1h: , '! ff,.L.`�;i I 2Y, 1'.. , x �; �-�A . , . P " . I.' ."h . . � s ,, t'• -t 1; 7 , T , r . r� . 1, „ . . '. .. .1 ... ... Lw4 ..:•:�.: :. - •. 1,./,...:� _ .4• ;RL'[!t', fF :1,1_t.\..Yy+.9 X! �� ,. •1 .. F ,d F CITY ATTORNEY �+btrr 2000 MAIN STi EET �• ; �`'�'''� NUNTINOTJhOkdACN t i CALIFORNIA 02041 i •�, i OAIL NUTTON TELEPHONE ' aty Attorney April 9, 1990 r.^ ,`n = Mr. Rich ',lie' ct La Marque Financial 2498 La Marque �:; �)�.,, ►, Z.1, �� � , Soledad bit., CA 92109 Re: Gosney Ncte Dear Mr. Riel: I have reviewed this transaction and find that the note supplied to 'I me (copy attached) does not camport with tLe terms of the demand in your letter of March 11. If the note is different f:-om the Hoke in po. scion of the Gosneys, please advise. 3� The note specifies a due data of April 19, 1991, with repayment of ` the second year's interest on April. 19, 1990. There is nothing in my copy of the note about calling it after the 14th month. Under the terms of the note there is no basis for payment of r _ principal and interest for any period after payoff. N, ; Accordingly, if the principal is paid off, it is my understanding , f. r that interest ceases..'. h r Please advise. Yours truly, 1� t I ' •_1 ` = 1, i •,. 4 1 Robert Sangster I Ml Deputy City Attorney', Encicsure 'r R-a+swnz, � .! .J .. .' �,, ...• r,, 'r i_' �.... r `".'ii':L^.iLR'sn!^.T. ;t+4�! r,c;r,-tS•v,wcr. rVA—K-•'W.-w-^.. ,. ,. "' ems...• 1.E=A14AT.TR.1 x' r,1. ,. ..,,,..,�, 7 �l•'ri ,, .'L. �..r=,,,m„� � i r=y . ti • .1 � 7�:; , ; <,• 7 i/' ' 1 ( - I' - � a.� � !!� �M 1 (f, lr f ^' y !rif f �� .�l .�I 1 . ..,y,, .I ti �.:', t'. },,' y,� �.. 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'-:;.�<. .i- [ ri't1 ,�.,, rr� .[.c�•.lrJl' 1..ft''4 Li ..,� C.r , S, r .! r, � ; ,: ,. ,,... ,,I , � � d,i1' � ._ ..: �. ., ..:. , ;. -, ... • -.. ,. FI • ,�ii ,'flc , lr:ro.r ..,, �.. •! tr, Ir jyF l.;; Ib,. S ...t �'' F .1 .. I S. ., �r . t !a ., t,-. ..i�.C'•'Y t "� f.. r,:,. ..: �+ l.• 'Ii, .t,.� .�.:.. -�.� 'i� .� til,., r '� „' .. �.:... `..rf� ,, ' .'. ..•(1 ,,. - �, 1�.'i'�l�` e��l ..1�,� !. �': C�?��' 1..1 �'0 �,+ '� ', {• . .. '� �, � ,, � •. r, _ r. ;•1�,4,�� ..rl,• ,.. ,rr7 lr•, i. r .: ,•,... ,. .. �f 1 .r.j i,= t , tr cyVrr [ ,1 ', l� + j 7 . L � } �. �` a _,; '�i ;fn �. ..,.• ,.,,, ,>: 1. ,' r ,i , ( ,l� ,',� , 1(l IL yq� fi } ..:,, ter, ,.,��. ,.,.-.,.i •.-r'-. r:: c :,.i. -_ ? , '�» � i� �i', '�S .T�I �. +_ � 1 ,.r .., 1., ,n .I:. ,.: : �: : n. _..f..., ,. .,. ; .,;•y. .., .� .. !__ ..... . �r ... . 1 „4 .1. .i ��i ,,F r:. , •`"YI � �:i �=e,� �.! . (, C S.Y r ..../ .cr t:, .: .:,+, i',�•--., i. ., .. .,.._ ..,, f ...: :, .. a ..I .�. �_.� 1 .��. :♦ ,moo � Sri 1•�7i li , 1 �l ..,.:., , ,.. ,.�.. .1 -r - :.., i` . ,.. ., , ., '. � �S' �r .J•,. :.Z` ,.,.. ,3 ,i;?.; , .` ,,:. is r. r '-� -ca .�i l;,• 1., ,, , 7 ,, .7. c.• 7:-t1'�rti,'�Y,'} b tf, /f �. of ".C",,,'' yJ, .�„' ...,rat ;: ,., , r.,',.. • �, - •w r - .,. .L.. 1. :1 �F ,rf ��, r'. li ,t. 't• ,•'. .i,. _ ..:;r ,. �. •'l J Z, �1/ L} ��Y[�i,r�< :: i14 I�Y1f .L. }r i _ ` .. , J Jr 1]� , f' i . :� I� rt•, � 'f ' � . '•�J} , ' t, tl,.< DO NOT DESTkOY THIS NOTE. When paid, this note and the Deed of Trust must be Y a surrendered to the First ' -'erlcarr Title Insurance ComFsny wits rnqur for reconvt_yance. 7 ' STRAIGHT NNE �A? S l iO3 5, 000.0�S]pta Ana CaliforniaaT.1'h 12 - 32fi4 _ 'r< ON OR BEFORE r, t_ after date, for value received THE MERSICNEb ._ promise_ to pay It 3 ,., to JACK I.zONAR,p GOSNEY and `fARILYN r. COSNEV, , r Y ' . or order, r , y 2t place designated baryy benefici, t r the sum of. ONE %M.T,ION ,�JM .Mr.33i9�iMM11-QV1 -Q-- ' with interest frorr, until paid, at the rate of I 1 • �' jjz} '�1•1, per cent, per annum, pavable as follows: First years interest in the amount of 5119,025_00 to be paid through escrow, at the close of escrow, second years interest in the mucunt of $119,025.00 payable in full on the 1st business day of the t~hirteench month of the Note period (Which begins immediately upon t' close of escrow). Date for Znd interest payment shall be Apti1 19, 1990 r The principal and any unpaid interest is due and payable on April 19, 1991. ♦•' V. i t S.�Ci It r J v' xrMi - r,>ti Should interest root be so paid, it shall thereafter bear like interest as the principal, but such unpaid interest so compounded t '`+ �:•(9. *l..! ; shall not exceed an amount equal to simple interest on the unpaid principal at the maximum rate permitted by law. Should default be made in the payrneni of any installment of interest when due, then the whole um cf principal and interest shall become immediately rive and oayable at the oation of the holder of this note. Should suit be commenced to collect this Li Hate or any portion thereof, such sure as the Court may deem reasonable shall be added hereto as attorneys fees, Principal and interest payable 'sn lawful more, of the United States of America. This note is secured by a certain DEED OF 7 .�RU to the FIRST AM' ERICAN TITLE INSURANCE COMPANY, a California corporation, as TRUSTEE. ,t T(.--nq BEACH R/ OVXENT ii;Y i t 4 ITS: Executive Director 1,0 t} , r it !. ,'rY ,' ,_ , �'t•, \ Li,, 1' �,, ,•lt �, 2224 t4/72t *• r Gt� rt, ��, lr. • ' +{1 i } y �C.�'1a�1,.R~�;:n'.itl�sleJn►�..�,.rs+•.ww«.r••�.�rw.,.,.....-Y...�_..r�-`-. ��'�` - ' r: s: 1 +, i . ,. 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"�-4_LA MARQUE FIANCIAL "-- I , I, I . 0_�l"%, "�-_t )_­1198 LA MARQjUE I0 !I -j1ti4�T( I 19I '"March i Sol.rDAD Nil'CA 921OF-,l(1-.�s,_,4'k,. j f0-4h"i. I t I�11110NL 276-6336 ,� , Jj,11V', 1, n 4I "­ Iti it ;tv­", I'Deputy C,,,!!,(*+ 14 -',',% 14tCITY OF HUNTINGTON BEAH I�k ,., -"1y-74--.- �f"i2000 Main ,treat I��0" c1 ,, ,4 I � � i� !"_"jI 0 Cf, ;%%- ,;j1 o'f 7,, fo II, , j 5 t - c � t -f,". I' N 14., ,I) IITzo,I I , t Dear Mr. Franz; iv Ij,'Ct !V4-11, conversation on March Istj please be T(A} t ?11 `1iadvise ,0,C`; , - . . • , " -I kof the note which is secured bthe above referenced pro ,,,.e""..1 1��,i.tI,I " I y .1lVv I.; I .�. 1-I I , i1,I .11 t r.�,'1 ,­*o I �i,rJ ty,I-e1r� -{A,,i AI$ 6 Million Thirty -Five Thousand and No/100($1,035l000-00). The note 1( 't,'j"6"1 t 6;'states: "....second years interest .4�­�A;h,4,,j;1�­,tIA,,� ;%l t , -�14 1, ,e� I u ".1114'­"I ;1."-, - it pv e1t . l '►S ,-f escrow)." escrow 1_" t.r !­ , , 'J, ", _! ,� i •, ��-f,"�,­] r pi 1t " 0,. " k ,f-)II 4 I4 .,1 , p 4.It 4'1 h '*l# _. �I t_.. .,, 1. 't' 4_1,4i 1�f.I . I �t, t ��"Seller reserves " I".;1",-­1#,-lotf"—i I -I "I ej.-,I The note states: "l�%�A 1 ,�­­ip�t,�,,J,,I t't"- & . I,�J�,Pi 4­i _,� - 1'�j ,iI'0fI4"jkkbs cow y ",it,-ill, �(!lj—C,r(w ;1I Buyer." I,"jA"� WAITI . 1�-,"i­t, 1,$< I 1.F�. � ,�_4�.."f1-L­1 4 "r-1 ­1 ;ri,,IA,I%� e_e'l 0I i,.".� r�, a fV" � ,­T� ii? oels;, j THE TERMS OF TE 140TE WHICH THE OF HUTTINGTO11 BEACH OWES l'01i�4 1A,�­I L�` � 1O&I­ ."' AND 1,1",'54-1,."i,l!K 4PAYABLE ON MAY 'lei,`TkX-(7M, 0'-6',j""'j3"J,r, ,, ­'1�1Ci_l­W'�;il ) f�if ­_�.�l�? 1"..t­$►j..,�riS .—7,:., , IX -{!­,7*�:.,.,.?I'-­j'ir, % ) .� - "I .1,'�f, 4-I}'? , SincerI - J-,,;I-*-, t 4.�V(I.� ,W% 1, , ,­ , 71 _ S. , 6.�. i. --- . . ,.-. --,-, , - --."7,'.-,:,,­.,jP44,)i, .. 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I .. �, � -. � �.',; , -4", " .!,. .i 11 'e.lt -,01 v! ,- , , , , I , d , , , , . - I "I 0"­ ir-r- " �,; -, "t, .. ,."i '. , .1y , . , " - " : 'j-, I " 1 " .� - ") I"., "". �.:": i � S, , . ;if , *­1 -1 51. , �J',� ;., I : - , , . , I � f � kl'.z "i, �!:,j -. ...-.)`-�iv � I I ' 1,j�. L.1 .. , I -,�­ 1 "'; " " �, . . , . , , % , "' - ,;. !�� . I I I % : � , I . ; ,.'v V1, i �ti �-,�,A.( ��-jw f,j�p - A ti ��&­,;.f � I, I - . - I I ­ $ t 0, 1. k , ) , * i , , , - , . � F, . (�, i i I . ! ..1. . I , , , 1 . �1 ("W" . '4--', , .,- ,�� ; �, , . I � . : ­1 I , � I , . I , . L I 1, ., . I I.. f , .If.,.. ' %, I'r,� ,� �11 1: . . I . I . I "I . "; , .�. , - ", , , - " 11 , ­ '• , I , " !, � -, . , - r, Z , , . , . . . , . � �,L� -� , � ,,(�, , , � � q� ; 0 ,r. ,;:, , , 1. .,�� 11 I I I - I k �', . k '11 , L' - ; � � : k,_ * . . ,. " , . - _ L . . , , I I . .7� z 1� I I I . , � , . . , . 1 � � - , '. , . , � , 4; $ 1 - , V1,; I . � I \,-" � 4t . � ,� " r, , .. ") , A;. 7i I ". , , I . . , i" _ � 'I, _6. 1 ,_ ,.".l) i "L , .. , , I , ': 11 ; � � .•' '� �'�' . _1 . . . �_ : '. 1. I ti,ijiv-_ � � I � j�j t I , ^­� 7%, , ,`^ " " : , . , � 'ri• k, I . - . . , . L i. � . 4� , L . � s I a 0 CITY OF HUNvel~IG"I!VNI BEACH IN I'ER-LIEPARTMENT COMMUNICATION To ROBERT FRANZ From At. BRENNAN Deputy City Administrator Director of Renl Estate Services Subject Gosney Amended Straight Note Data May 319 1990 and Consent + T', �''.•7i _71�~ '.j�lrr - -. ':�� .1 - ` ;!1 + ri ,r'. r, rt ,a i '}• '•�71 ' J1.. r�,' /,• ii ,, J, r't i't �Fpt,•: r,,t 1 it i• , 31, .tLlJ, , • -j 4 , iIf AMENDED STRAIGHT NOTE ':,, � r,S,`' , - ,`, •� j AND CONSENT $1, 035, 000.00 t, ,11 •tl' t' June 1990 = ; r4rf f,, Whereas, on or abcvt March 27, 1989, the Redevelupment Agency of the City of H4ntington Beach ("Agen.Y") , also known as . {t• r. file Huntington Beach Redevelopment Agency, •3xecuted a "Straight Note" iii the sum of $1,035,000.00 in favor. o£ Jack Leci.urd ` ; Gosney and Marilyn F. Gosney ("Sellers"), and t `t; Such Straight Note was inconsistent with the agreement and ''it`+Sr+'lt'i`�) �•� t;. <'i i:`, / ruLt ion., the escrow instructions of '��• '' � parties, who now deeire to amend the � '' , • , �' � .,, note to -reflect their true agreement r• Jr NOW, THEREFORE, the Redevelopment Agency of the City of ,t it T t�uL Huntington Brach ("Agency"), subject to the consent of Sellers, t J} F )r amends its note as follows: 14=3 On or before April 19, 1991, for value received, Agency r J promises to pay to Jack Leonard Gosney and Marilyn F. Gosney (Sellers) at a Place designated in writing by Sellers, the sum of One Million Thirty-five Thousand Dollar j ► °' t,t s ($1, 035, 000) , with,iAq'i �►` interest From date until paid, at the rate of eleven and N'rrl 4J t t t� �� , t +;.1�� r.r ' i �, 1et1`•'�;� f7 :J�+AY'Jti one -hat ►,t�, f ,;:-, ,♦ t. f percent (11.5$) per annum, payable as follows: J jX r'i (a) first years interest in the amount of $119, 025.00 to �} L,t •�t' t.tt be prepaid, receipt of which is acknowledged by Sellers; YYhS%xr ., J1 (b) second year's interest in the amount of $119,025.00 payable in full on the first business day of the T i f Vim ` r twelfth month of the note period (i .e. , May 1, 1990) t receipt of which is acknowledged by Sellers ;• Tsi fti I'1i`•"^i}p 1, •, ` r.r''""1 • tv tty;'�{� 'f-•i 'i rt A ��JJ44 ��! 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'.,:f !, .,• t !. i '!' r J✓'r'-•r:+''1 .r. Y, , ry ,;• • ..rr.:_... � , .Ir: i�t,••`•t:_)..' .. ii tJ.ly-.. �t.jt �..' "•i ,��:.. I r t r _ .r i.. �� (. ,., }. 1. j,,.�'"y� •4�+� �-i. ,.,.7'1 i'�•,.� ,,'j, '�:,....;,YY. /.. ., :'., r.,...1',.j ,,. .:' .�. .,'� _.. , ! 1' ,! -1• .! + !' (r U. .,.i7: {, t , .,1 S?^:�i ,j!t�i?!.+ ':liJ F,r.�� Y•e tli :� �. 1 •1r l �`• ,l .i �.! i ° x tt f�., r t �A.' f •1-'iJ'�. r r.; •'i :t!_, '1` ''f , t 1 • .ir, ..{ •J. .a .. ,l: �,} ,, a< .11 •S 'y r,. .,. t!,.-, t ,.'% r.. -tom .r�; s: { i'j` i,. r.i 1 ' ;a.i1tly. .i l^i, y%,�!�?':. v'f-7, l .t. „t"1 + �, ,....,:. :7. r{�ll,•anff4'\iil7er •y: ^A .r:. t'. w { ,1 j; y �r �.� ' 1 t , 1 - ••, 'iP. ,Jl� i�• 4�,1.,+. T,.. • J } ,y:.' ).� >► (,�T.l1 r tr , t �' t (i lot`; ,' ty . }' i', r t n ,'� 4, .'�a� `v'l " J•f �•. �.,�, xrl,s' �•tt,r,h•f�tlr�! I C- 1' %!� ,r , ,t ;t ,�,k'r tit. .i•�jr i�►'�'y'��. i-. ' � '"< , r s i; `i',`t: '.)' I ' •i(, ' ,,, " .1:, i � •ir'r'•t,7,'r:J .x,y':: r. + � .'',: !, ''•; � f .•.': _ . i,e r i• '+, ! r t j -�i. t .:F.r 1+ r s S>< :,-.1 r�tyr,� •F:11 i . �x � r ,! : ,� J •, r r:jjj�� � t. �' ,: { �' ;�.r, �,��rt'Z f • ir:t• }..�J •.,, .. CK l:tlr }. ,.fa, it !� l`: I 11}' `i r .1 { to ':♦ «! �...:;�1` ,t3':: •l'IP1, f.. it_?,,' `',(i!li .,tl,.,, 1 „rr t i' �l.l r ,j'-.. •�!,.. ,ftr :;ii. .t ai i t l.:f:',t:{:' itf a ., 1. •P r II.r 1: l '•�i`I (�.��y, r, ,! j, fJfi,! , if :,,. ,, �•r ( �i c., �J t ',r' '1'r 'J F r yfit�h ..w� (ri, r5'• r - ' \ 1 '' ♦1 ''t1 tJ i1: i IbS il,:, n, j r+ .'r; , t -�: t •• r ., „ if , + ' i.J .'��^ i #. i:- >f {Y: ..f' �' j"� w: S'"y SRf✓f� '; y • . ..,.t, ...ri:C'. Cf 5...�-. r�.l r ,fiA `, y`a l J �'. �,✓ , •fti,� •%; ti 11 ��/., .t. Tlj,tfj till, � y, r /�,: �< ,Ayl ..St/ rl i�i1 �•'��„J} t' I'J'1 `+t''l?i'/r'�i i .f.f��! .;�jy�M •. �.�.� r,+ o,... 7 7 },! 3.!2;.=r.(�li�j�:, �!, {�„� i••�.. `S !", _ ;, ,''4' ~ 1• ',.1':'Is� •� '�St��L�''I.er, .�.r--1-,'/� ,;tt''i��"`��;..�!>`I ``'�:; $ JJ.:,•}•,•: {r j�l.'; 't,::,,., t i�. , (J ;..., �.`l.d l ,'+r'rJ /'.�,, t , t► yj�. �4f,..r , tit.-, tt� t,r•s, ,rt '� ,. �.:.:;�,� ,,� •�y, �{ _ t. t ,i rJ� `. ! .. Fx�il ��Sy�i. t ,��: f� tt t 1. ,, S • 1 .. t . .. ! f A' r , At any time, Agency has the right to prepay the loan in full or in part. Seller may accelerate payment of principal and Interest to a time no earlier than fourteen (14) months after the date of the original note, upon sixty (GO) days prior written notice to Agency. It is understood that in the event Seller exercises this prepayment option, it being the intent. of $2313,050.00 plus unpaid Seller finny retain any prepaid Inter-qst, the parties that Seller receive principal. Seller shall execute and deliver to Agency both the original 0" rj Straight Note and this amended noto along with a request for reconveyanCe of the Deed of Trust upon full payment of principal and interest. This note is secured by a deed of trust to the First American Title Insurance Company, a California corporation, Trustee. Should Agency sell the secured property, this note • shall be due and payable at the option of Seller. The ainended note shall supersede and cancel the Strai" Note dated March 27, 1989, in its entirety. Should interest not be so paid, it shall thereafter bear J like interest as the principal, but such unpaid interest so compounded shall not exceed an amount equal to simple interest on the unpaid principal at the maximum rate permitted by law. Should default be made in the payment of any installment of interest when due, then the whole sum of princi?al and interest sh-311 become immediately due and payable at the option of the holder of this note. Should suit be commenced to collect this note or any Portion thereof, such sum as the Court may deem 17,"V. ti 4K j `4 14 ,Vt 'A: .0 I .. 1 reasonable shall be added hereto as and interest payable in lawful America, REDEVELOP14ENT AGENCY OF THE CITY OF HUNTINGTON BEACH By: Chairman APPROVED AS TO FORM: X City Attorney woney Executive birector Sellers have read the foregoing Amended Straight Note, Eull y understand its p-ovisiolls, agree that it shall supersede the Y Straight Note dated March 27, 19sq, and agree and consent to all its terms and conditiuns. 71 Dated: V Yki Jack Leonard Gosney_ �Z Mar-lirn F. Gosney L oL :Zq 3- 00 'tTL, L J." AN T IT 111 ff ;11 0, py" _0 ri, vW?; e yr. 7. t from Cal-Suiance for renewal of the current coverage W0 the same >arriers at an annual premium of 512,840. The motion carried by tl,e follow:ng roll call vote: AYES: MacAllister, Green, 1inchell, Mays, Siva, Erskine ';''' NOES: Bannister ABSENT: None 1r jUdevelo>amentAgency) Ate.. SU1QN AND 'OUP-Q-0E SALE PMED =. +P 5KLMEER I----U 8-410- --AMU111 The Clerk presented a rininunicatlon from the Deputy City Administrator/Eton- ., omit Development to duthorlxe the acquisition of property located at d08 - 410 Pacific Coast Highway and approve and authorize execution of the „ r . agreement for sale of property between the Redevelopment Agency and Jack and Marilyn Gosney for the amount of !-1,035,000. ' ,f f Yl fi A motior, was made by MacAllister, seconded by Erskine, to authorize the acqui- sition of property located at 408 - 410 Pacific Coast Highway and approve and t' f to ;ry authorize execution of the agreement for sale of property between the Redevel- ' t opulent Agency and Jack and Marilyn Gos�ley for the amount of $1,035,000, The motion carried by the following roll call vote AYES: NacAl l istar, Green, Winchell, Mays, Silva, Erskine r NOES: Bannister ABSENT: None E I ty Council? FRQFF 014AL S RUM— MUMMY- APPROVED _ HAIVER OF . �0 PROF S$�fLILI DIIZTYI"SU R iEHEiTS - APPRO I1 - - ElYRIKxi EMARDi a 1- i }� �<`r• t �Lg ING SE �l;�ES_� EI�_f9R ELLISI�Qr.nl HEST OUARTERSECTT(?N TA, INC. The City Clerk presented a communication from the Director of Commanity Development to approve and authorize execution of modified professional ser- vices agreement in the amount of $60,130.76 between the City and STA, Itic. ,- -r, and waive professional liability insurance requirements pursuant to Resolution No. 5835, for the preparation of a comprehensive environmental impact report for the ertire 160 acre quartersection bounded by E'.1is/Goldenwest/Edwards/ Garfield. x� 1.40 , 1, :,i ; ,! .;•"r T;'!.�, rt^•• . - r . +,.�•-a,. .... n.r-., r•rua �`' { , ' 7 „ ,1S•�.'�i:ri �:�-S1:a..�t-s,. aT`Y ..=rr•rr .rra'a^�rr.•:+.w.rr. ti(.r r �, {. .i .11 ii t-%-aY�s• Y�''Iy 'i i{r y' � fT�fr i}r � t {� :R"�-hu . ,+ y ,�.'� ,;' � r :�47 •.il :,' ,,.,. ,.. rlr' r � i' / ti' t t I '?�';` ( `:fit; '+r :., r t. r .Jt r;:,. •, -�r - _ � t'f v �r rr,A,}{ 1 t�'. +,r,•; I S ,'Syi,� ii{ t ;, , t t'• '� _ , �t ,r• {r 1 �1 't x) •`� tr {,, j� eti'yl'i ,ea'i ,1.4,{ y, r r 7{r'C[ r ,✓ , t' . `. ,. r i , r r I-i.i j r �" • ..:;.r. ,t:.r•�, J ..: •; : , , .., :, ,-�' .. ..•:, .,. S! l: - r41t i 4�. 'af] ❑art+. • 1 • �,,,� r �3 � .rti 'b_r:l �-?�1 '-,,q ,l i(. ..,, ,:',r. ll, ti U ♦. � '.,.•�l .'r F. � ,t%H`il' • kk 4 is ,�,.li �':fi b ..y ,:r, [ ,,,f ,.: {,:. ;, r r ., t •J t" '";r' FI ,i • iS. `.•,yv , r�.r.., .�h t: ,.. pt• .. r. r'[ t: 3,:,U�: }SCY Y t aU i-•,7. yr ,� .,,ra ., .. ,i, "L+".`rr..: .,. ,r. '', i� ii' 1•, fF, 4i tti`(,'���'t i�3 -. 'h•. - 1 r^C n.�• 5' '7; i`-. •'1. - - 4 ( r- `•tif'ri ) '";-.t"t 'i i,,�. i L�. ) ••} ?i t yy . rat. rjl'!; .. y,..;,.r. .j 5 ir1r..' .:+,. r, ,. ., ' ! li' 't, t♦ •r�f' `+� ,L ' •+ �` ..:, i ,:. ,:, „,<; ,,:,,r ,,.Y.' •; -1 rti - r- r[1 y'''a;} � r• t�; i Io r t'� -•'r r.1y 1. ,_...r _._..;., •_. �.�t,!,, r.,.,, .. ., .;. .,. t t' lJ ; , 1. 'i )� ►' A rr ,..•: k ,:eraa _f :f; t ! :-.. ,....: },l.r».. r 'fir, :' •, `,: ,. 'r 'tom „{ , !' �t 41 :�, Lt ,,,�y.{ c SL • r r. sp:, '�lti'. r:,.•..,,a, f �: . r:'Y:7Ct -l:.i. k ... ,1 ;, ..qn ♦gr, ,:. a+ ,, :. .:. . _. •,', :,, P •-i,. .,Z'. ! .J r�}' [1.,r J, !,_� •, �:_ ., �,. ,.. ,. .1-•..1E ,. .,i(r 1,,;. ,} ^.. .. .: - I r - r.. t -•,f.• S f ,Y y, .[, r'N: �',q't G; t+ir F •• r i,"... �.. , .. - t } ..... ... +:;1:. •. ..J ... , �. ' ,. ,.- it � L `rf f,•i i. ?i ,ty. "'. �fa(::''i`�-:r: � .SK..... '"; . ,, } } ,. t ;.:. , , , }r t. t x,5 ; , , d , . , ' � `tl ♦ .1. � t i d., . J �t T: >*x r � _ 1 } ` 1 r ,• ,'1 r.. t to ,tl i 1 t^?li •�{,' i• „ \\ �"31 i, ail tit• 1 A: IL . t , .r Cif •: 1 lit It t j AGREEMENT FOR SALE OF PROPERTY , sz OETYT.�EN THF. 1IUNTIIyGTON BE REDEVELOPMENT AGEN,2Y { AND JACK LEONARD GOSNCY AND MARILYN F. GOSNEY pp r t,. t 4 Agrac�ment made this day of •hlic�icL, 19B9 by and Thiu tt a REDEVELOPMENT .AGENCY OF THE CITY OF HUNTINGTON BEACEi, ► 1 r1 t," bntweHn `7HC California, a municipal cgeporation agency and JACK Lr.,ONARD Gosr!,N'Y AND MARILYN F. CO SNEY, ("SELLER"), is for the 3 ! t purchase by BVIER of certain property. Whereas, SRLLFR is the owner of certain property located in aJc CO 410 Pacific +7 the City of Huntington Boacll, California, at Hi hwa more particularly described on Exhibit; "A" attached yj;ta�tiA„xxc tr.l'� COast 9 Y+ hereto and incorporated herein by this reference, and '" ta, ;�, [ 1 BUYER desires to purchase said Property 40� ane� SELLER; ` desires to sell Property to BUYER: �'.aiA �r#� } NOW THEREFORE, the parties agree as follows: s rt t 1. PURCHASE PRICE:. The purchase price for such property is ONE MILLION THIRTY-FIVE THOUSAND AND NO1100 DOLLARS 2. ESCROW. BUYER and SELLER agree to execute th© escrow instructions and do all things necessary to complete said escrow in ;) >x7[ } •, conformance therewith as attached hereto and incorporated herein by!r�{ ` ►+ , � It this reference as Exhibit "B" ;ar.. 3. CONDITIONS OF CLOSING. The close of escrow is ` s ;,,• 1 i conditioned upon: t t .r a. convQyance to BUYER of unencumbered title subject - ; {► ' to the approval of BUYER's Attoeney. ' b. Delivery of possession of said Property to BUYER or r+ l its nominee, immediately on close of escrow, Tres and clear of all +- 1, uses and occupancies except as BUYER may agree in writing. �f •{a ,' �'f ( * �!' Jkji ��.�� �1ti'` tT.' t=r i,vttz7,F•��_~1 tr; :�. f t+},��, , ;, { ' rare l t ;,•� ..1-- ��5��`.�'� :'?,, 1 �1�`tf �• it 1 1 .1f ♦lit .,t, 1 r.•f' 4 [�`4,1„a 1/ S ,.•r 4 1N+, 1 r. � 5 '' � �eJ� 'l,{yl�`�' (il�.'� + r C ,�: , �� �-•', �.,...'t .,, r.�,:,.•- r,. �-•; ea*o• ri 1 j+t k; ��2 ar. - I .�[f al ����'�K�( �ial?tr.,,r 71 V' i.�1fr+,ytt �. 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' ;r r,'. i%�i •.} '� > S'�L [;.t:;+ +,r '>i'>, a..,.,"!.' .`...r-t:.'�:.' '•t - r:;, , ;" ,+�li 'f' •n>1 �1 � i, •11, 15�:;4lr�l: 5 t, "+;-'-,. i ..:(ys /,?; r :';' .,. ; r . ;� 'T , ,.{_:i,. +'. .,. Yf )., ;+i•, �:,•J SI � ,,ry ri�r4�- .`...: ,,) tr, ..'.l+t+ � �..,{ } G,l,., .,, � I,: a. 21 �\ti +f. �i.. � 'r• ,�< t�C1�, r��sr ��! t^:'.i�ir'f,�.p; { i ,, ..i1: � ,�{ir :,(t >`;y ;, C .;,i1'•,, .'-! f St:� , :tom`: f� , ,R^'.4.;` 't.SaT.y': ',f �i�{�z �.,•,,.,. Oil, art �,','. ilf "i.a :,� �� +ill ,y..,� � i3 ,i .. '(. � �W �7,, lr ,;, � .� .a., y ,1, tti• ,+ i'�.t• J1,-3�r. � "•:'� .r t ;� �w'-'S';. 7.:!•}-•4l , t:,. •.� g. � d�}r �e'r 1�Ct,� , ,:. _. i.. ,1•, tit ti! ,�' 1�. ct .l ! (i 1 t,•'�,?, �:. t iilid`. tl•4.. f/.. f, , r, ill , 'k+� + ,Sty t'-` r:J,• t •..,p f , , r r 7 e r ,;.� ,r ,r �.. � r is r r:, ..; i ,'r [), t it ��' t '4' •� y I.t��• Y .,, 1 �. ` 4. FAILURE Or CONDITIONS. Should any of the conditions speuiEied in Paragraph 3 of this AgLeement fail to occur within thirty (30) days after the date hereof, BUYER, shall have the power, 1= r ;1i>� { exercisable by BUYER, to give written notice to the escrow holder ' }'r A !C and to SELLER to cancel such escrow, terminate this Agreement and ;4 rpl recover any amounts paid to escrow holder on account of the purchase + •}} _•; ',. , ,T "' r-1 prce osaid pey. if id PrortThe escrow holder shall be, and is hereby, f + r t it ,lam irrevocably instructed by BUYER on any such fai?uro of conditions , •U'"� a r t, •!`1 ! Yr J and receipt of such notice from BUYER to immediately refund to BUYER all monies and instruments deposited by him in escrow purnuanc to tr this Agreemont at BUYER's option only. 4 5. PRORATIONS. Insurance, Insurance Prerniumr;, and r ��` , r �, - "• It y�r ,'� !� .'{1 s, Possessory Interest Tax. Thera shall be prorated between SELLER and >�i.frrf •1 BUYER on the basis of thirty (30) day months as of 12:00 midnight on `t'°'i 'Y'��+ t >< the date of the close of escrow pursuant to this contract: IIII 4l� r„i I +j t' a. All taxes of any kind levied of assessed against S 7F 3F } rJ :y 3rf; t '+�•• said Property. `�r�` °` t b. Premiums on insurance policies acceptable to BUYER; r 1 censuring the improvements and buildings, if any, on said Property ' against damage or destruction by fire, theft, or the elements. r'l,rt�Zyr tr,��t�i � 6. BONDS AND ASSESSMENTS. Any bonds or improvement x >< �j��yrr¢t fi ir• `f'.'' t �' t{i} •I assessments which are a lien on said Property shall, on close of 1 r ! escrow, be aid b SELLER except those liens imposed by the City of ! ! I p Y I Y a � r fr •,! + y Huntington Beach or the Redevelopment Agency- of the City of r•' tt �� ;j sr. ! Huntington Beach. 1 •.r•� 7. BROKER'S COMMISSIONS - ATTORNEY'S FEES. Anv and all ' fir= 4 Jy 1.•k,4r �'1 , , 4 n t.. � 1i Ir �1 k rt W f` { finder's fees or commissions due to real estate or other brokers and fi.j+ bA %�t [i�' 4a4 fjl i itrl t+;- • i i 'r'� A y�J t •1��� I} t, t1, ri,tr s' r� 5''' 1 -•e ,i r,l 1 r y,(� i}. , 1 t �S 10 1 ! r, ft ,.,, r4 , .. .., -..,, ._�'•� - :,rr; rti. r.,.,...� .._. T , _i.: .-�1`„ }.tPr r �<•,t,. t.�[:';"�'*r^'. ..� «�.P '�fai{r•.,�,. i+ f�:y' 1� 1( w S ...y.,. ..., r.,Tr .et•-._ s YY.iL: :y�it ' ' r • • xn•,e mot" .. ..—^^i• • rr, T ]` (� ,:.iX2.:,:.7� "� • �)"�7;-i+ � f � ;'yJ �' ��ff �� r ! � � ,iy• - j s •l.w.%G.Y,.. i,4.. � ,.:+ 9;. }f '{' Z ,.7 - i,', -1-)[I '•' it. }h1r;":q .,, X.,,,' ,,�I j,�,�.t/t...''' `yr ;•�,', ,>„'l J.p :•;Yhlt l:f�j. i. r, la.., :L"J ii. , "E'4 27•�!1':�f xl`F{. {,r i` ,.fit#X r� ' 'F. !' ( :. !�P��,L1Ac;:..:.l,C'1y�'ti+'!,. J� !. � •� , ', , ."•� i ' i° r .� !{:-.0 ',�' ij/ �Y C (� � '��'�rj� ,�." � rtit r it i., 7t ,�.. f .�%� c � � .J'1 ` t" T, NIc i•, ; � fti + �;'.r '� � •.' ..rl; a.. ,'. - tJ.� 'F' ,rt• �t, i,;,t. r r ti..til =' 1�r71rr tar -t �a S f 4 !. i f.' t�. ,,, ' � !k t t�l�y$p �� �};•;':�� rr? Jt ��:'•i y + .'f �i:� .`,' ,,'i .�� 1 t1 f.h +r �f,. • �,..l.i 1. : u' ., 'r ,:. b. r; - ,' !. i•�Jt tY :i t }}.y .,iaj•,`I a t �.; 7• r� `i� tv" t ,. u r C+ ;, !Z' ,�N ."•Ca(•� `., T�f ,t .(, r.. !r i. s t,� ,a,. ., fj,{,•'1}�r ! tl.t•it "': r-.K -r'`�,,. fit •;�i,. 7-�it', t.1• l.t.. t ,r t, i i F', .;t 4 �. � � ,t; li n,t. i�.i,: f�� l y,.;: � .'a . r` `� t t ,n ; t\' , t c, 1'+ � !.t�'„ !t .:\ { l �' •- �, ! ! ' •s, ;t t, ) i .Ek ^t l c. `+ �°r+ �'-a•q�• +,�;, F,' ,.• .. ••;., ' „' t' ,1+, "t;( \i \ tJF..x �, t � e, tp�' �s . .. �.,a,. � 7,,,,r,. -, ,.., - ., •r ,4 .t,; ?.;i, Z4,.,. ;4,y { ia{. 'f ftta"'A 1 :� ^" JY'EF'kT'7'a1'r tt: w:" :•..,. ,.i;, ..., t. ., r. rY y-. �. 7J a i', 1. 1 !/,. r .t a :�,,. ..a =,! n.[t. rl'P �', '" r:. �, ! . !._ <�• / !.r(sa:}ri• •R. i. ir�4{,X� `;'4i 9t �7t ,,:: r {�i,r , fAr.14,4 � .1,,,: F' .. .:, ,: t rF: J `!: + �f/'r�` �!'.:•f .,..,.} � }jO�-s ^`y.f • r 1 C.,":•e i.'^'j, ::�•,, ..:- ":, .`•' .. - i. J ,'! aa! '%i ti": r:v .t.Yh� dd! '$J ii'tt -rt,, ,.,...:} ,..:. ',-l.. s 4,t'+..� '., -. a .; �-. v', a=• ti ,iar' >,,}..•,e•�� f'!' tr. •.,.,,,, i.�.: t:r :+.,. . al a;::.r ., .,, ,.'.. -_. I:. - - : - ## ,r �y\1,. ,y,rr..�f,lt.l' ♦r 41 4 -:.} .. .-,; ,t .:., _.;., .t• ... '. - �!�, fi t-1.•+.�\�,�i\,_.�,,` •il'r�a-,#�. r�t',.�=.� lr + ".> , , J '.}; f �.ft 3L #� ir-,?'�t11'tr�'i-.�''•..}} !O7.s 1•j t L ':.., . .J r;�+�'� + i(t?. r• ...:i ,,.., r' , "i ( `t , `S f� � {,�';ir 1, ,'}y !-i �L. '.�:-u r•' 4 �i'!1S•�{�rjj/C�Fi .J��t tr r r 4 `jt it 4� ! i 1lfr t+ ���j J�jr!4f .� .`•`r,� 0.'. t• " �? II4 `S! �ltt! N{�z .•� 'i+' f rj ��, , i ay 7 , . ff t ii • 5,% all attorney,a fees as a result of this sale of sAid P:uperty shall be paid by SELLER. 8. EXPENSES OF ESCROW. The following expenses of the escrow described in this Article shall De paid by 13UYER: 10: a. The full cost of securing the title insurance Policy dencribed in thla Agreement. 7, b. The Cost of preparing, executing, and acknowledging "T any deeds or other instruments required to cor.vey title to BUYER or his nominees In the manner described in this Agreement. Q C. The cost of recording any instruments required to conve Y title to said Zroperty to BUYER or his nominees. d. 21 any escrow fee charged by the escrow holder in 117' 1 addition to the cost of the title insurance policy. 9. OWNER'S REPRESENTATIONS, COVENANTS AND WARRANTIES. As an express condition precedent to the Close Of Escrow for BUYER'S benefit, and in addition to any other representations, covenants and`f<� ''� r 7� warranties contained in this Agreement, SELLER makes the following VJ, 10representations and warranties, each of which is true 'n all ; respects J­ as of the date of this Agreement, and shall be truct in all respects as of the closing date (as defined in the Escrow Instructions): jL a- This Agreement and all the documents executed by the SELLER that are to be delivered to the BUYER at closing are, and at the closing will be, duly authorized, executed and delivered to the BUYER; are, and at the closing will be j-, -,V sufficient to convey title if they purport to do so; and do not, and at the closing will not, to the best of SELLER's knowlede, violate g ­1 'A ti--1 P_'. I �j jj� wit 7if A ­WNW�11 0I 117 i. Ji rjF&qW4%jM , , , , '= ti I' • , ti' r7 •. _._ •. •, , : is .. •3. � ♦ t : .. .1 -,.. .. .. , .x.♦.... h.1/`j•, t i �t. f, t7 any provisions of any agreement to which the SELLER is party or to which SELLER is subject, including without limitations any prior y �: •- ` ' Nr o purchase a reement3 and/or escrow instructions. ''' ptions ► p g ` b. i,sting Contracta. At the cloning, there will be .. t t•;. .., .,t, , ::' ...-: f, :;� part ..t no outstanding contracts made by the SELLER for any improvements to r "' } the Property that have not been fully paid, and the SELLER shall R 1 " i4 t r�'' tr •,J SI�f << " r't cause to be discharged liens arising from any source prior to the }� ,� ,►!z , rFrf ; 4 closing. .k, A r', "St � " ♦\Rit S'i'�H, c. Title. SELLER has, and will convey to BUYER, title ' to the Property free and clear of all liens, encumbrances, claims, ,t',r+i�r�+i.t1 tti p y licenses, agreements, covenants, rights, demands, easements, leases, _!. • ' t`' conditions, and restrictions of any kind or character (including, rx .st ' without limiting the generality of the foregoing, liens or claims .�, , �,�trl r ► for taxes, mortgages, conditional sales contracts or ether title retention agreements. SELLER shall not encumber, mod4 i`,t► or diminish , title to all, or any portion of or interest in, the Pro?arty without BUYER' s written consent. 7.d. Litigation SELLER is not involved in, .tor does -', SELLER have knowledge of, any claim, r roceediYig or threatened t '?• 'rt ' Atigation, administrative or gover,.mental proceeding or investigntion, relating to or otherwise affecting the Property or the ability of SELMR to deliver title to the Property to BUYER.4. f t e. Tenants. There are no tenants on the Property except those approved in writing by SLYER. f . Harmxdous Was g:, Neither SELLER nor, to the best _of SELLER's knowledge, any previous owner, tenant, occupant or user of the Property has used, generated, released, discharged, stored or �"„' 4' f.�y, ,.� j( l�'t t �r r•Ji •, �/ t.S,Lt {xti j.Y 1 ,' A;l, ltlF •: 1A0`� t'•'�i 1e (:. fi.('" t14L t �4 _ # , r� Yru7i�r f:a W�4Jry ♦"/� { i • --0'c? ,y , rr: 7. •'i� y i}` . .i ' •.J•. ,•"'RT•♦�fV.�<.� t,:�.7i::"T�7r/.A-'c"k iPrtnlf•w:--..+rhfGVt♦, `r<H�nCv�l'•s;,; ,••i:,•:• :'i, r.�f � 't e. �� " �.rR•r !"}^"•\u •.;t^' .7t. 1�e ,it #�f.: ;.` r1, � x �,, ill 7�"'re'<L7��1rt7-:tt►...•��.�"1%'iAaY4tr. :.. ,.,.'C r; Y'''s� ��•J j�t�G� }tF3 ♦i4'41'�ryl"�'r'•�4�r j ° . y. -�F'.�.� , .7�,"a�,^R r ♦r.F , l .� -.,w�, 1 •.;,.t ,. 4. �'� �,,, t•, r4 .'. ,,I �{'R .t. �1 15.;� t t� r i- t, ,,l _x.�t �. •ztJ,r , ,.. .. � • � l / i. - , Z', 'jt ►r.s'. ti A r'. ',7•A*� d: J... e�ll�.^„1F-".,,AA r.,.. . _`I'•w`. , . t •,.•R•. %A-1,44,4 -"-'.r :!':.:�+ ., .-:v .R:: .'_{e-:,,a:, ;..':;,. :..: ,,. .tial'.�r. - r�- 1' ,u %' ♦ tom.-•!' R'. .ml :Y. ,,±�. :,. ' :!' ; '. A..!:!J ',,',,�(: • . yr... . ,_ , i-.., .:,. t I r q r, .r►, ,j `.., r'+Y�A( }+� r;,){ , -1., { , .1;.,L 1` ., _ dc«j ",i/.♦ _ ..�. ,:, , .. 4i ,.. ..• ,..t,. .+ , '.�/� .;, r L. xj. q'.!�'i� e• !A. -h , _ ... ?i1.. J,, lrr ,`: " e •.R .,;,'-' .'---. .:" ,I ,.` 3 •,;,C .' 1 r. .1' 1_. "{.fj`- l\, {:`. ,.: .,.i 'i/..f� .. -..k. t. b,Y.. f*..,:.J,t .'-: '. ,-•,""7.TR_ ,...., ,t :. ,. 't'1 , '.+.': �.r. ..: ,rA'-.rEs'•- 1'T.�ii�F": ,�- ...� .'-,J. .:! ♦-• ,rti. �. etA ,. t r. ,., ,,,5. ,. ,. "...1 r. �'�' ;. .� .A". �.:���X<� t. 'FL At' .� �..'. ,.:.r, .,., ..:..t,..,l� 5.+r,::+R tp ..-,� , ,a,1 . .,. ... .. 8 't' ,. .r.. '� .�•�� h .y=.• f, `,r .1 ,� 21��';Y' t.f_,. �: ;., a, -JA ' ♦ . ,. ;. ,' r?• it. : f � 1 ".1 , e)?ji ,r 1 .L: ;«•, :r ti •< 'i3; +: ',F.• -r' [,l. r - -1' .<r l � td a _f ..' ', w4 i'. . }-.>y. i r';;.,{ _', t✓r ':�.: .. j i^ . f / �.." > ;',A:.; I r 7i.r- +r;�A3 },:i!' _, r ♦ ..; •...w,.. - - .A 'i'"I -art 'Fr :fu v, r -, ,,y R,/. } .:,, ,,i., ..:;.f ,,., r; ,... ,•..t ,,~.v 1: _ ...,�,ti .J...=tits �b _r,. ,-err,._`� �c..-y� :.: �..., •R,. .. ., Jo .• ". � .;. "' ♦ ,4 mot.•{ .'F{ •, y. -„"JAt,- '.t,f..- , ,:,, :� ,. .. :.:.: :, '... '' to rt :i!.^, �"• r' j. .., 4''/,i q.� „- �.�tin •:.'. r. ;, � .:.., 7 :. .'�: y' -.. ' Ar , � ry�r},`r \�' �r .re�,Ii7.i � Es•. L'r':,-;,1 Ir y h i t •, y .,,..yRt 1., r ,,,;,.._ �.f ,. -,.l.. i, ,, .i. .,,r. r ' :., r + ' ';i �••i,f'•••Z• s1+r 110 r taffy#i �t A ! •� i .. iA: y` R+ i `! 1 � t , �� 1 }t �•l� •i is .. �'1 AJ �,, ' ,f+ ? \ �~ , iyyj • 1 i •, r t - r }' r 4A 'r r7r' '• `. 'I disposed of any hazardous was ' materials ("Hazardous Materia Property, or transported any Property. SELLER shall not c .J w. tr generation, release, discharg r • ti ,I/y ,; ,rS ;�r Materials on, under, in or ab r� Hazardous Materials to or fro 11 r?' Materials" shall mean any sub becomes regulated by any loca California, or the United Sta t limited to, an material or s "hazardous waste," "extremely hazardous; waste" under Sectio y}t, pursuant to Section 25140 of � T r • r'• Division 20, Chapter 6.5 (Haz defined as a "hazardous subst �,;� Urnia Haalth and Safety Code, Division 20, Chapter 6.8 { (Carpenter. -Presley -Tanner Haz �►.' � 1�defined as a "hazardo"hazardousmeter ' I , "hcarda.:s ��aste" under Seeti 1 ' 5- jfety �.e, Division 20, Cha • fir.: ;�. ';, r tr ResponJe Plans and inventory) , substance" under Section 2528 t CodP, Division 20, Chapter 6. a t� Substances), (v) petroleum, •j ` byphenyls, (viii) listed under Ja�-� � or "extremely hazardous" pursu A. t _ 4'1,C t; •�,,t� its' tt °� - r t. e 77 ' l 1 �.1 L,-`P Il ,i- , ' I % , 'Y-.'.`11 w* \.,j +rrwf. , 7H BTU ". '�i i� 1 •'I.'- {_• `�'' r\ 1 ,:�Y, z ',o;'1►z'�t.��, d�� ��;� �'.r;:ti:' tiny tE. , '�• r %,T r.�'. t, . f fu; i:,ft t r;tiwr, r .ytcr,;`;i iy+.i-,fir r y t t }i�'Rlt•t :' /i t+,,:}rt4t ''4t�f ,'.''Ij I' ,,_ r ,:. •r • r ..f:' S !. ..k. .� ►� • f(Y,rr1 �+ 1 � F.� tic '{Fi• , tt f , r , te, toxic substances or related In") on, under, in or about the I azardous Materials to or from the ause permit the presenvee, use, e, storage or disposal of any Hazardous out, or the transportation of any m, the Property. The term "Hazardous ".u•} ��+ r try+Jf r , "'2tt fi•yt �, iJ,' ',•'{k stance, material, or waste which is or fit, Srit r tlrt�li��•�. 1 governmental authority, the State of :es Government, including, but not tv ubstance which is (i) defined as a ;fit.; hazardous waste" or "restricted n a a s 25115, 25117 or 25122.7, or listed the California Health and gafety Cr,, rdous Waster C,,:ttro 1 Law) , (i i ) nce" under Section 25316 of the o 1 ardous Substance Account Act), (iii) i al," "hazardous substance" or n 25501 of the � uji a Health and Ater 6.95 (Hazardous Materials Release (iv) defined as a "hazardous of the Calfornia Heap and�t;y 7 ('Underground Storage of Hazardous vi) asbestos, (vii) polychlorinated Article 9 or defined as "hazardous" ant to Article 11 of Title 22 of the r: f% f tt. a r J a •' tl;, rlt',t �,� r r .. ,t r ♦ yyi • ` i , 'Y:- J. i11•". w ii'�i 1 �'.'f-^T 5 �•ill� IT'..' Yt ` , ��.��,.M./ ,1 •- 1 ' •�.t ;. � !yr; y •.:ctry-rr ;rth�tjt� ''+1 t {,V�1 .. .:-. , t '+ ,r< •. i.., ,, r - t., y '. .', .• , 1'.... .' •' �,'1. J•' 't• �hp�rtl!{, �, ,.;'.'`yhy�1{k ts.'S�l jA Y4 -,"a' b ,:.' t y t... aS't r U..4 � ').c,: ,•,,, r. ,1.Y .. , ., •:: , 1 1. _ , .,t� . SY, yV',�! -�- `x i, kh' . t- 1 i:1%, •., •, �•, ,' i' , ..1�� i �cfil +' tt"+r �`�Ih fa..� .1 _ t .r b.},,+,. '_..r: t. ri..y .f r• ,+... r,... ., � •. ,�.'r• , _.. Lr .1:/. . ,�.. .L _ 't. !!4 -i � ..�t- �' Y;}4'�?t' I- ,. ,_ r.�.. t -r'�R 11 ;.' •. ,. ,L. -•. r., ...fir . •• ..., .,1 �L tit'•\ t - t, ,�' r. .� t 'r ,,f,J-5'-1,,,'J �i' -.•. ,,, J;ri. .,, ::,9.`+�'�, .i -. /jl �...,- ,.•',.:I 1ti :'�, .l '- .7' 4 ;,) , v �' 'c jt� ", .:y„ ., !1;;` ,,;-,'ts .�) _..' t . �::�,.. , r' . J1, q!r •r. �... ,..: _,i 1,.. . . �;. ,1 ,'t� �t,y. ..9}�,rc {r i •:., Zr'7 ,.�.Ir .... �./ ,. r, .,l fr , 1 r, ,h' t ( a .; ,,.I,�;.1 �,,�:.:'+,;ilrvt....: •;, It t ,{( .Jl;,, :1. :: ;;'_ ,• ( _ ,r .. t� r ( •t.tr' :{ ,cr.ti'. rva, ��(Y/,.f{-''.' +.'f •6:`7 .'.l 1..: !'�L ., +'.; .t „ ., '.,; c.•,.1 •!'' _ i 'r- r,•.:'t .T 'w'. fF'C, `f+.r- ..r.([�S.;v.r. ,;- t ..-:. ,'. ,..,- ;, . ii .{\ fr• ` ,Il+r rr?i T �.M.firer , t - �„ _... 7',.,,r, ., - ',F `!•X ' • ' '�ttt•.ir.. ;f1, �>t.1f .j. , { ,. .,:i. ,.. � ;-'. '�-� i ` r �*� J 'a1�_ 1t .i,4.: , !, +Ir��' �\ :k, '(, ''•'1�. ', `.� ,;,,. ,. fr . { 1 , �.•�r a rJ .: >; t t-: kyr r: t}' r :J S 1 - 'f'k il,�i 1�:' •.1' i+ � ttt, + , , ,, ,t , rr� r v • yy err I.1',, -• -. ,. i -5-- 7r., . , , ! ' r ' tom.... j..r � '' tt •' Y J i ^ f , a• Y S a 1 i f o ri►/s�• r •� r� � � i� dq, Division 4 , Chapter 20 (ix) designated as a "hazardous substance" pursuant- to Section 311 of the y` Clean Water Act, (33 Q.S.C. Section 1317), (x) defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 IL�S.C. Section 6901 the neg. (92 Utstet Section 6903 " ), or (xi) dec.,ined as a hazardous substance" pursuant +'a Section 101 of the Comprehensive Environmental Response, z- T' Compensation, and Liability J c• �' .�yt Y Act, 42. Q.5�6901 the seq. (42 ��.. Section 6901).ire+.'t� .� g. Compliance with Environmental Laws. The Property and its intended use complies with all applicable laws and governmental regulations including, without limitat+.on, all.""}}'�''�,u1�`;�'' applicable federal, state and local laws pertaining to air and water quality, hazardous waste, waste disposal and other envixonmental + ' matturs, including, but not limited to, the Clean Water, Clean Air, i Federal. Water Pollution Cont-rol, Solid Plaster Disposal, Resource , +t+�:^`�'=`t' •�' ` Conservation Recovery and Comprehensive Environmental Response Compensation and Liability Acts, and the California Environmental t�l r Quality act, and the rules, regulations and ordinances of the Cit • of Huntington Beach, the California Department of Health �• ' �r:71 `' ' Services, the Regional Water Quality Control Board, the State Water Resource s Control Board, the Environmental Protection Agency and al), q _ t, applicable federal, state. and local agency and bureaus. t r J 1 h. Indemnity. SELLER shall indemnify, defend and hold ,- 7. = rf t BUYER harmless from and against any claim, action, suit, f1 proceeding loss, cost, damage, liability, deficiency, fine, penalty, punitive !,r lr }S, damage or expense (including, without limitation, attorneys' fees),J v a , L rr a r � J + i I / ar �'• Y. �,.,. �t�s ;.. 7 •..r',.. t};3.7�J;{'i'.�`,+ f,_t 7,�i,�,'r��-�t•�1.4A;a+.efi'�`+_wi.r,:»r�-'L.i. r,rrs• ram'. ...ri'- .t,fi�K`. ,:G..z'�J�.�I.T.tR1ZT.S-C' �.,�. _}Zar'...i >' .i'p.[ <,i:4 �,�.I�F�,��3 1�',..t ,r ...° ��i „�•.,,,{- �.Irc ,-LdYt'�t4;'.�['rc�;;� r!?%'T• 't;y;�:., ;., ,� tt,�+�,�, �'+t ♦� dr"4, •f'':it - ,•.Itwo,'' ,:.." ,.t J �'1'f.•. .r' Tr : w• •1• 1 s '�'i.il:,r aa c,f°a(r,�-',� pt� r ,� .'+. , �,...I:. ,...r, .•,• f I. - i. 7 , µ ,:,It.R� j ,�.y:. .,V.7+, j:i i'i r"t .4""�'., ::. �.' .,,. t2 •i. f" f •+ t- .f" I 'tl. .::.7 .,. :,fi,..'`:{f� .rr �..a:,.,.t , r s , t.:..n:•. :,� •. ,. ,, �: -.j. ;,(1�'-Stlir, ,r� "lit% l r; s •hNf rc�J.•. ^�'`, .f..�a.'-� 1 ,. .'•, .tr, -. .j �•. ��. .::'.''`, r. ...�: ,� :.:. ,,.. ',,:s• ,,.. ,.. � ;' r ,'�rfr. �. trial j^'• !'• ilr7,: �f • , v � t„S.: ..+. t.v. ,•,.:.r 'I. 't'T:'1)., .:.'; .t, '1 .� :,.' ,C•. � i I''• 1 i<+ � , �,,, � :r';� ,.� iG.� " .'.�:'� L- J 4 .. ♦, .. � 'J.. .,) +.. - ,r , ' „ 1 �ir'. ' 7' i { r'I,• 'rr}r" ft ` ����}' �:Ir=.`i tii} i.i ..�, ... r}'-iy i .� ,�.., :. r .. ,, ,.. ,':-,11 1 + 7 i'7• .,.- ter., '.., , .:ii ,�•. fd. :° •, . r.. ' / `', ; J _7((t .i ..tr`r•1(j"rt " )/ ,::�c -':'} t rr;t:,. 'vil'�. •, '" `- ,• 7` A` f ,1u '�1.`,4:N ,�M�/+� q 4 {� } t�r. .]i.. f. .. r...,•. ±, .-il �'i 1 f' L �1'l1 �}".7.If} yr. �, }. i'. ,j 1 :1)`. ,i" r 'r { r - •5 - .��er Ys^ rf 't., t: V, f Y, � \ 1 1 1: •t ' I _ r - IIt , I S , r' I r1 :i� A ,r, r o.I.,1III -I r1,I,. I-.O"�,,,..I4­�.,".. ,- �4�II ,rd�—L, I.,.I II)"I�I,.` �r.�� II,�I'-".�I,. ..�I _,...-.:�,'I "'�I I, .�i -, pi1.,.'1 . � . "I�,'�"I,. ',I,�"'I..�'1.--"-,, � —I-')I�., .'� ,"l� ,I -.1,-4 *"-�--i.1:r_.1III !, .I, '� I � --'A�t": l,,1-1,.6 7;�" C,",� ,1",1 "*"­.,V.­;. _I1.,'- -i,,�;"- 1,I �.I � t,"- . . ,.Iy'._II.,,��,.'­ I',I,I-'. "''iI, ,— �.,.,i,i;- r1 , :i�­­, ":; I. �.�'I I, ' II.�— II ,­,"�lI1I"-I"�- `�,.,,I ��t.,,I��I.,.VrV. , -,,�.�.,_,­_ ,',iI �-j-I,! -./. :," "..II .:!,.1�,' " I, --4- ��.. ,."�.;'II- ,. ,,-z.',,�." I �,­, �1,I "II...� 1 ­�1- t,-­I��4, ', '.�1."I. -, I�.,,e,-,l- -`, 2lI.,�!, .� '--�;� . ,.,-,�. "-I; -.,, I,'";1I , .�,I.�,,I,�, I ,,'-�: iI ,4;..1 , , IIIJfI3�, ,1.V).-. `I.:-1,.l,..',.'I '.�-j.4-J 7�.,_�,, T 7; 2 r : r I' I L ., •i iA s :} =t ' ,. _ 1 { Y , V, r ,c ' °fi 111=� t, { L f Cr 1 0 I .I . ;` : I , . f. , _ ,'- '21 I -.;5. +1`"" t It A, s y t k i r ,< 'I ,. ` • . i' i .'t' ' 7 , r , ..` , : '..Y - ,°rd • �: i... , t t,'i 6: l : { # �•�l a t�/ + . t .,r) ..., li 4 ., 1 f ,14,.r .,. , •:'; ._, i + ',w;; x r1r ,�. ,� , 4 i _ ;,a L�, `„ `St •, !}11./:, , . ..:..i :.,, y; .,... ,17 . /h �' `a t `ii = ,`:.F / ➢ Y' L �;, L ,. fr ,.:ec,. _,, r,•:'ul'i.: ..,....�«,:-..af: r..'..-,'r:. ..... ,,., '. I.. r7�✓: . t '9" :-S✓ f.a: �1r..� .ry - P�' .I -t.,.., ...., '' ;:,! 'i.:ra ,. %,. , .,u- �,.w:r+: a.;a..-,u ,`, . '. r.... _ {_,-. .r.r .. ., •. - 1 ,..... . .,. .. .. ...d, " , .—„• „. s_,..e .: Lfi+Zri¢W� 1.,.: ti L M- 4 , ' ' Y,_ t I1 t '" �3t ''1 I. ,1 1, ' � r i t , ,i ,. k' , . ., .I." ;:. I'', 7}' ,,i 1 + it -} ♦fit t ,i !I ` f `I !111 resulting from, arising out of, or basod upon (i) the presence, C "-, `' i'rl' E ' -I 1 r*1, r 1 -� + - < i' • ''� release, uea, generation, discharge, storago r,r diu2oaul of ary 1 ,, : s A ' .I 4 {Fr r I, Hazardous Materialo on, under, in or about, the transportation of � ' __ .i ' -; ,' i F� 1 t t :{, �`,,t' t,I; any such material to or Pram, the Property, or (iij the violation, rF ` f }�{ ,, `A � 4,"` . r i • 1, t{ I�, r '' ''{ { or. alleged violation, of. any statute, ordinance, order, rule, :'` tR' a ` f ' z)I"Ot-0 U .[1 fF , j tail, , 41, :i, r N <�: I . F t re ulation ormit judo �rottt or licenso relatin to the T— 1� el- . ,.° r r 9 p J 9 yt k, t r..) ti + 1,--_ a"` r:(�� X•k +- r,if,".t:i r•` tf� !�{I �(�'t �If I. =, . , I," ,t use generation, releart©, discharge, storase, disposal or ti,, t ,,+ i `=4i11~�Irt T, t �� )eF tt4r`# . ,_ r,,;f, transportation of Naaardous Materials on, under, in Ar about, to or ,.>� it , �K " ,X, -; from, the Property. This indemnity shall include, without t `;G '- : '. ?, limitation, any damage, liability, fine, penalty, punitive damsgR, t,i ` 'F fry) : rll�S /l tJ +i �j4 r ir, Y cost or expense r�risirg from or out of any claim, action, suit ar J "'� 1 ' cr- ,•,t•I , t„ ,I IR •ci,1� !i i1114 rt, 4•: roca�sdi.n for 3 S ( 9 r r.;'� p g personal in ur includin sickness, disease or } ,�ti,}. ,:, f. s it II Sr y' A, , 7'=y�;I g ? ? death), tangible or intangible property damago, compen$atian for i'. � ` t t, {;j� , ',rs Iost wages, business incomA, prof its or other aeonom;c loss, damage r "�` �'�� "' c :},rr ,' ' ki7 Tt,}..1. 1, tt=1 k` `ht t", a�' f I "I,f 'A. . t to tho natural resources or the environment, nuisancQ, pollution, .. '�'. 1"ti {_' titi,` w �; `: contamination, leak, spfl1, release or other adverse off6ct on tha {7f ,fz t`tr,`4L,- ,'� t� , t I r 1 r r 1 !f , . I_ j`.'�,: { ,"1 environment . 11' {t` ; t I I 11 r' -�{,' S { 1 ;''`�,> !, Y�' fit, I: ' t1 ,J .: it ' { 10. Al'TORNFY'S FEES. In the event of any contro��ersy, ( }- I . , ,1>; ;� 4 ', UI „ Y t ,L ` , -I , claim or dispute arising out of or relating to this Agreemant or the Y, ;u„`rj''A - f �� f Ilrll . �i�J escrow or ary breach of either, the prevailing party shall be 'jt1 x�tykr:Y� {;;�I, . I :; I"e � + , rF t„ � - 4,I iy�"= ;` ;1 entitled to attorneys fees. {'i1i{.,A'' , {`'"I t ;; i�. , ' :;s 11. THREAT ©>' CONDEMNATION. The parties agree that the `` ' r',� R;�' �'t '+ ` ` r ,firt - , , 1 1 .yV(t.t, r f. i} Pr;,, Arty being conveyed is under threat of condemnation by the " ',) ); To I y ti r " r* 1 Lf x`''. 1 0 ZNBUYER. BUYLR agrees to supply SELLER with a letter evidencing its ` ft ? _,ledt I } 4' F `� ? .5 6t = t v ,V11 �Iy ' intention to condemn. 1 ,:,, rJ, z 1. It I .,4J 'r t- *1 e+ 3 , I f i; �,-. ( ,,•, S. f tj + I f 7 r� T q�,r;ca�)�71 f� 1 - (r 7a ""I t i tf 1 +r,', . tn t { } �I,t irtl' , , ., '' .�� �I_ 12. NOTICES. Any and all notices or other carrsnuniCations �N; required or permitted by this Contract or by law to be served on or r7r C ' r�'f t,y *':CY` Ar J 1 t r., t_, 1 sw ��t r s 4 ' y,;41�I i t e,i : {,. , r:Itl {>:e.'t t ,R,'. t,�•• r :7 .� a r i. { t 7 ; ' t '� "• _ •,; ry a l i�, Yz� ��, J° { ') i t' f ',YI'' S i �Yr , 1 f'1 1 ; Q 4, k: '` L,$,I �], c:Jj ;, :.. 14 - '`' it x{ •4, Y'� ' 1, II-,, 7J: }}� f11. r t ^z f t. I 'j :Jt y�f .'., ?�_ tit- ,r • : ,:f :..t. �;'l i I •ir• 1 i'�{f 1�'.' tii _:�,+ J.-. �' �.1 .'S�.`'t��� 5`, +t, to ,, '/= N : •1 .�Idi :.,, 3 �.••, IL �j.,�,, rt� t.,, , :. , tr to - 7, 1, _, ,I„ fi'�' t/7. ii J.R Al i{I.,,I `)'.,+ ,"Y'`✓1't. 1 �f .. 'I ,t 'r. .,1r } ,' .+ ....., 1: •t t I:.; Y t f1f •, }�♦♦ .1 -1,, i i:: i_� .�1 _,j`' f ' ]` C:,:j1Ya j `;.AZ,FR,a'. r, ry (( J y� y K. .° r-l' , I,I K-1.1': .,;... t,.l ,.. -f. �x �. •'1 17 �`fl. r ,L At i(44'4 , 5' r ,��"r r' 7ttr:- s�'6 _`4 , t l.t ;• rt, '. I f ' } . �' r7i;S' 'T J({' ; '{�'�l '� CIS lK'} , f..;,I t ,t y -1 ,111 ]. ;i t rta ti ,ftA S ,t�t<•� i! /rj ..t ` yy ) •1.' :i�1' _. `` rr'11�1. CIoI) .L '.1..',Y Jt,;. ,ft �r. %<, r t r — J. .1 !{.:• kk 1."`•q 1V,. '• Y4r >Y ', i`•i if/ 1:'' ,_ .,^.: l -.,', a Ir I'Y• :I t I I �1 `, •�. ' ',.,ter+ iI} •.tt��,'• ( V� ,.: ...� I, ,,-.:-..F '.-L ". i , A_ , > -} _.;; •i rt .y;,• > .,1%' ! .1 :f� C,1 •., ,� �r.. p .,, LA,JI".y:.'1 :R•+ j(r i ';..4 �� \„ 7,Y. ,.,,., ;- ]r '�e < t r 1 { ,,•.' 1 al, . f �.::. , :},9 I,.. •�' t}} �I R.h :r,�,tt ,:.. , .I: r � ..._, �/ ;.,, ; , „ r,. I ',. 7 S , j _ -,w t pfrT t;ti,- ! tw pf. F - �• , b ;;: )!;; a • - I. ,: � . 1 . !- } " i ;r`rt .� rr ,. A✓,:" t :'r f 1 it 7•. : ,,: �'i r }: Y9. , V � � l kL. , i , t; +' {ff I ,1' iJ , : r . ` s j r i t, t, , t f. .a 1. :, :`7 ••/'`' s •i( ' 1 Fig i • . _ '.. , r ' , I __ .. � :. ..� a .._ 74 Ik 'W" - 4 54 A4" It -•'i L17%, rg- jI, given to either party hereto, BUYER GELLER, by the other party 44- hereto, or by the escrow ►—alder shall be in writing and shall be ji* deemed duly served and given when personally delivered to any of the III A parties, BUYER or GELLED, to whom it is directed, or in lieu of such personal service when deposited in the United Stites mail, ZOO.. first-class postage propaido addressed to the parties at the addres ses shown below. SELLER may change his address for the 1. o. purposes of,this section by giving written notice of such change to the BUYER in the manner provided in this section. Address: (SELLER) Address: (BUYER) V4. P*O, Box 23 f4i 2000 Main Street Rancho Santa Fe, CA 92067-0023 Huntington Beach, CA 92648 4, 1 .2! REST OF PACE NOT USED .71 SY , CT,1. .4 -N- -a- . 7 .... ..... t 4 OY M - �.jq 4� ;,III, J -- Iy v 7 q7. 57.6!, 1i t1r )4 0:1'r/ I, y w , 1 S f w- t ,-- ` 7. 414f"# s, ,: - - _ _ � - i,), ''1 .vh i44 ,t rJ,. +•.r 1If� ,1 r + r! tr +3 a++ t 1 +� it i•1 ,.i. '-S-. I +t .' ,11 '. .t lY r1� . L1- j f$ rfl 4S it !` ,�f , t_ ( �f •. o f �1 m Y r 4�r s% ' ) r t i �. �: `i 1�� t -i t r �r �� r- }. ,J - r. '+ �.t , � :�1.,,�,.. jr, ll "—,7'".,i" 1 I '. ].Ii,".­.,-,. ,V1 ,�. ',�� . ' ' ' r r 4,., ,, tr t'', y �a• �a �..: r'y �N i. V :..: f,.,4.+ 4 r :f� ,, Vr _ ,;,� q1G,: 4J"�, .,�'1.� +. _ t ,; " 4 , wr) , 4 0� 1 ,wp°, r! ' s ) t ' ., ' r ,;G, '47Y'r.,�.f'LV,y 7 t, ..,1. i'.., 1t+.f.-tom,. t .' :I 'f�f _ r •`'rr r .ffV ;tt`=�g•l.i��!'_'. ','LtT a ♦ . �i +�. +. - l��r ,' 1 1 r }� � • i f l.Pl l , '+/ ;„ :Yl:• . ,.: 1y .-. .. y 4 ,�1.,r4 1'tr;»tre,.2Y 'ifr' 4:C, to 'r n'rr., +j+,tZi'% ;at„-,{ r.��. it - . t, p y.a .i){ .l ,,. ,/p ; t' r f 1 :tar a 1. '1�..•P ra^� 1 -,,T ,..; I +,c — . ;. i r i'. t,� 4 O r err %ir:� l'. 11 ..a.r, to . ",Z ,rt , '.+7< f i� r � i` 'j� �� P8 �; S t.,t. 1 ,> > J3 ,! f .!. I f ,i 't.> 7' 3 ;7 P,, f f. t ;L:1, iI yy� '.;,!+c, I6 i .. •;.r:1.t fI,4�r.. 4. .,.. ; •) ", c: ��, -r' 71 tl ; It tY .r �`1 1 F, ,, p{ ' .:ti _i: ,r __.-i� _) !: 2, } s w- `w�t�W'^ :`si'Py,,;. F t'+': , it , ��.' ii r t� vF i , y3 j iS , : r 9 P. +1. � : , , " • � .. ' , t 1— r 4 lalA ��:5 1„i/:.:':yY:."+.>.y` ti! " f':' v ..r:.. . . � . J '; 14, 1. ' 1 {c a ♦- „Lr 'yJ:itNa-'VYA1.1N�is�'ta '!"1 ` y,�ry, a ,.•fie ,:t. 1yyr..,,n►j i..rrWVV1&"A:rL:aa_'-aalrx, 's;,;++re•1:Y"'.3+, r.wrltrl+.r✓�.. ., s S:t , �r ,1 ,*� J,. '', L rt tl . ,,rust t 4 Y ",. f ft r r !r f i a ( i tF ; r 4Ir % ai ' ,, 1 r , t ) �..� t• fr t, t 4 I.t f ♦ 77 1 l �?t; it t i 1 .t , t .t 1 ,' ! Y , r f F r y" I, Jit •t ' titi r r1 r r. n f ';, 13. ENTIRE AGREEM>aNT. This i nstruemQitit containr� the entire „ i4 f, + + ;{ y ,_ 7 L j i tl t Jo,- fa , ,,q '; acid an ,ris, »t + agreement between BUYER and SELLER respecting said Prr,pQrty, Y f :1`t; r , 4�1 1 I, r - I) a t i I r• _'� 1�/•• , Ib.i. j" `.. , r, .J J L '' � - I". �1 � � , I ,. - _I , . �" — : .� , , ., i t I 1 >. �jIA.,'�, � , � ,� t rf (.', . ,, , Vt.) + ,ff�- 11 C L 1" - x �rr s , ` , I L t't S; t- 4 1 < t' a7t4",I x +,t° tiE-1 ,., i ,• r 11 , t 3 "e- l,;4} 1�i s r+!:: M1 (. ! sit t j /( ' t s •. S i,1'':f4 ''Jti Firr ,,i 1 ppyy r - {1=rP f}•, `AK YJ L. 11 7 TL�•�r, . tii 1r +''+`..Ih+j f ,I i+ 1,r'?f{ . I .L- � I , f j* � ,1 . ) , I, A , ,". . .. I. 7,; ..� .' ," ,. , , ", i ,. I. � " ._-1 I. ",, ' %" � -L,�I, - , .I 4,,: . , —1,,­, . " f' . "10 ',-' . , ,_; ,,,- ," ; $ 1 r 17 ;u )!} r K+i ,iy; , ` '. _• t ! T 1 b .- " y'ti f t i 7, 7 P i '- ' ',fix s� I t ti t Er, 4 + i' )e4 r . J, rt 1 t' r '`� t 1 i I,J r Y .u1tr ( , J - f t+ ` �I�,..tr.�­-�.X;P",., 7%,I,-� 4.—. ,111I .­.I,,, II,Z.0'. y. , %- P'�; � ,. �. , I Y; .',- ' 1 .,I rI ,I� � ,1,I . -: 1'. ; �;��1 , , ,I ­ . t ,. ,, 1 i,.�r { . N [ _ rt 1 1 ', ( T '' , •. J , , �y tr ' n: I. a� f , f if 3 s`' r, C.' t f„<. t - ;, j. — .:- /, ly 3 f t1,'1 , r s "1 1N ; .r i ; eT , r ie Jt t. ", I r"}il i=� i'rr � , � "I. ♦ tie� , r - 4 II ' . II1"I t - 0 W­�­�%, ;I1"-,,,I* -,.:,: ";. ,, ,�-" ,— ,.j � , , W � ; ";4 , ),,*�, zi1 .,, zII�. ', .., -. , Jz . I 1. r A4 r 4 T ,A P; <r3 ' .art`t kr. ; 1 it} " j l J w/ 1! , Ssr ' ,' 1, r1 ' 1)tr ,, k.r +, , ,) ,. jI1 '� 1 !`f , { .aa�r j f i , 1 .r.t ; t ll!J ,- l +L4 i , + f .V agraomettt or rsp•�esentation respecting said Property or t o u erg of eitliar AUYLR or SELLER in xelntiott therr�to not expressly seL• £ortl� in this instruemont is null and. void. j'ir1 an GjV atI EXECUTED on �'e a*V _, 1989, at Orange County, California. SELLER: JACK LEVNARD GOSNEY AND AVIRILYN F. GOGNEY M`TEST: Aganc} Clark eft X AEVIEWC7 P.ND APPR4VE►i �' e S W Ci— ty Adminit�trator BUYER: The REDEVELOPMENT AGE:JCY OP THE CITY OF 11UNTINGTO1BEACH, a municipal corporation of the State of California 40 vza4,ex - Chairman -- 1.' ,/I�,' ,-.4 r t t t + y�N 1 1 A� 1 Tt . t �t,l�{J;�. j / rs %, . rti y� , �!� s' .4)r� J�tl,a6*-' t,k°-"),(.,, 1.� l , . �, —W k ; , , .1 Is \ 4,. liF iit` fr rt4t ii4 •t-,, ,1 t ,� !It 1J , tit �••:•�i' , 7. i+r��, _ ,r '. t' t call Y � t ,4 ..". • ) at , �': i , Aye), �+ t 4 4 1� �� { f ' w r "F —,. APPROVED A& TO FORI4: .f I 1;r )s," .rr�'�Y, `', T t ,+ RAV, 3'[ S'tIt<I j0 'Sr�;v, I +Rt t� t. �f tf t , Y `P� L/i/le, - `,Y t 1 4,p T"t , 7 -,,iA }, Age:icy� orney % .� -3'9-6 ,z !� ,, r`la >". }/ter 7, J k)7 r r e �,NITIATED AND APPROVED: , ,, �,.V If,� T ;X ' .i.,,!t. j4't-" V� 0r,1. ! rp". __.�;? - `i. , r ! I k.1! ., tf�>',r i t A � 1t t' , Deputy City Administrators s ,+}�;,f�� "' rye'+�,�_., Director of Ecenomic cr;+�,��7tt>t`-K�t'����'' Y'j'' '. 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L R. �,f'' { , , r' r_...� 4...:, /�,-., i ^,iT +tI .I r. T-:r f)f.a v";i ' .,Vr � .ri,•; ...,.. .h., `I: ..- '.�,! �, 3 .{ 1t +} rq} ',:..it: tL '.. r' a .,. \ I 4) �. � i•',.? .,. ::y r:: .,• :', ,, r) a. .IS or = i'r t114 ,U / :.Y y` ' r: i 1 .0 t u t • t; r..,..r?. < - a jl a f1 ! �e r J.; •. t 1. ;( i r t Y t a. i, r %. t i "1 fr+. ,.....,,. s �r., *•r + . 1 1 1 . , I; y'r• ! ,;" "G-•:1#-Y ,. `' 17 r ,r f .t .J f. ;, S *y.I l yr ?r 'Y .:/� '!. , ... Ih, .'•,..ai • "".:., ti.l,; It •h. .-.,, . , r- `' r :f J'' / •i.0 s {� •t^ E•'',l .. �... • tee,-'- i , Y'. ,.. r...... •, ./• S.!°.:; . ,, '. ', .5"A r. \ , ,-f'rl.� t �E : 11 !1 1 i t,.,, yi t r . L.!:,: (r-'- r r t' ti 1, ;' a f. + t, , .<-..�1....�..i., ..w.+ M�rway`i...rrr.... I ,„ 1:. 'L., 1 i } ` ? 1 is '' r i �,.' r. +u`-Wr'r'�ew.'wt.t..iit >.rh1,r� r+'�• 1)"T+ s r, ern a . r I�j� ,, 7 tt;' PAFCEL 110t 24-153-12 �. ,lf � r,r�l�,y c ��11 i i r} rr y�, Ir.:Y-A y 'TIIU RL•'POIl1' NOt nR 144fift- "- < .S k, _. 7 ; t C'� r •, ID'•rr3 .. i; n r �, '' f',',f, , 'PROJECTt MAIN-I'li:R ^,EAGVELOPNLNT PRASE TI Z y ,, +,,r �' F� �,t'j, �!' ly,r t� ► rfy�'d / e ni it . ;I , t �; ;' ' ACREE?iPJRi F'0R AZQIIISITION OF REAL PROPERTY ).,it t ,al � r1 '.v 1 - Cl'� l t Ij �1' ` ' c' (FSUOW INSTRUCTION) J " Alit I I , .Y, ,,, ,- `itijr 15 Sri ,! I' h ' ;. ;' 111IS ACRE1207' is entered into thin da of t >f r ` , 1 y , 198 , by and butvaen , !, ' . r , ,*, fr , ;,, ?, , f ,, v r i J.?i lry , , the IUNTINro'TON BEACH REDEVE1ilIMI'liT A EhCY (harcinufter called�8uyar"), and the � ' , t. +-:r ' ,« , .,'f ,#; ly'r` ;, underaignud awns- s noruinattar cal ed :tailor) fir acquisition by Buyer of certain L` fr,- '",'l + �� r� real property hereinafter act forth. :1',-, '1�/ r�,al]tr 1A(}� " > , r y ! N3I! 1'( ' I �C rf i IT IS HEREBY HMALLY AGREED BETWEEN THE PARTIES AS COLLONSt x , `• r N�."' w f a ..fi '}:. Y}i ~ i .t r I1) R '4 f r� ,�l Lr .'. (tit t r.i. 4r�ia• , ,j`j, .-, " , 'i 1, AOYN<!:'1ENJ' ?+0 5FIL AND UROIASP, Sellur agrees to null to 8uy:r, and Buyer agraca " jI �,r , , ,i{f i e ,f•"! ; ,crY - to purchesa from Sa lcr, upon •the farms and for r'•e consideration not forth 1.r this ;{ 3�.;i k ' .i,� f, '. t ograement, all chat certain reel property (herainnfter called "Property") situated in 1:i,4i.�`,✓j[."',P,�("��l^ '�� Ir+I k ! 'Y a / the City of Illltll'INCTbV 8EAC11, County of ORANC State of California, and legally •,1y.`t �Tr- 1IF 1 ' r i r , , ,ty i�''K'� ,� - i,, ft:, (+ t 7 ! r3 1 ,Ii tiY ,7F_ltlt ) r " dascrib@d As f011awni iy�or ✓ r i ItI 6 r y X ',, l , . � , , i''. 7, , a r, 1 r } (w: ' �t ` (} i°� ,�' r SCE EXHIDIT "A" ATTACiIED iIERETO AND DY TIIT5 IIEFERENCH MADE A PART IIEREOF � '• 'i1�;,{ 4i .7 1'. t,'t f ft, L,'. r Ltd.^ . r "':i i+'.. +'<St i.,_ iT'i r r,.iY 1 �A 7 t i ns'� ;tier{r Fa(cepting and roaarving all oil, hydrocarbon aubatimcan and minorole of awry kind u,td `i�,>4;4401 ry a fo n, , - .4tx; r,'. f. t" h.' f 4 r.horectar lying more thou 500 tact 6olnw the aurtaca oC said land, together with the " ►A'1 .,, ' �° j. ,- r ��,7 �; �Ir cr � ,/ , right to drill into, through, and to ueo and occu all arts of said land 1 in more � �"�' i ;`,1 ( ,,�. e rf'I 7 irr , • than sOo lent bolaw the eustaco thsraof for anyrand all purporoa incidental to the `�l l' „;n i �'-#���;;R + jr0+t� axplaration for and ltroduct:on of ollt gas, hydrocarbon aubatan.:aa of minerals from '"'i ` :,t said or other lands ut; without, howcvor, any right to use either the surface of bald II Fri �< r , J1c'r a s s!/, s�`} f,V,- `-1 "+ i land ar any portion of uoid land vithin 500 fact of the aurfaco for ony purpose or r , 7 `'`?f4`1` ins `'rr t ;,r . purposes vhataoavcr. r r`r , r', rt, ,t/f� !`� ',j r' 2 PURCliASQ PRICE., � � �I�1I,fl11I . "..711. �, �1i�..X�.,­'�.I�I ?._1;1�"�*�%11�1I4.I';"4$.'I�.-.I4..i-,1.�,,� � ,. _:,.. , �.,,­. ..II • +as,►cs , , ' Tho total purchase price, shall be the aum of f,,5S3) u i tSU,ii f t et", , �y '"C, 1 , ,}t `l 4 ii' kf y +! i ., ONE MILLION 711IRTY-I IVE 711OUSAND ACID 110/100. . ... . ....... # ... DOLLARS (¢1, 035, 000.00) i � .jt.i, ,� 7 I . iSt>',� EQfi ir',t'itir. ,. ,.i "A.'t" :� , r , €6A-- - laysble as fallovat } fr `ti' 'Itr + i A Buyer to prepay 1st yearn intcraat in the amount of j119,0x5.00, !' ttlr`�`1t 7`'' D. Sollor to carry back Promissory Nett ensured b Iat ri'ru:� Deed in the anount of i`.�r+.' i "' .i it., ,}fit ,+ f I1 ,d tr.ir I•` -r ,� l :. (r ti L r g"(cJ= �. $1,035,000.00 bearing interest at the rota of 11.5% par annum and payablet 1;�, t4 ' z .+ I i t , 1. First year's interest to be paid in full as hereinabova provided, i'. '�"�'�t = G 1`i r { ,<' t ifs �_� the slot nhusnd Sgara interest 1n the tfefount of ;1I0,0Y5,00 payoble in full on "', ''1;x iri�, F r `. f ,,5;.; r t .. ) ` , ' , . {r iney day of the tvelfth (12th) month of the Nora period (which 'fiti t= i;.. ` 1 �`:$, t t. t bcginL immediately upon close of escrow). f' ,� 1 T' �?} ' W_'' � rl .1l • it 1A 1. ',r� + tx a ♦f� ?L{,u3 � .l , , �' 11'jei , r' IrLr 5 I ({) , � ,j<r'r1;' The principal' and ony unpaid interest is due in full too (2) years Crom close of ' i71f' ,;i',, !r, 2 , , •'fI7ti1%.1. v?rr �I t t1 {�r h, .i- fr r ! ear.: oV. C 7 s r't C. It in a reed b Bu ar and 5cllar that Boyar has the right to prepay the loan in tk;Kl . I' ; 11 , 3 Y Y et ,, , s, Y t� i '�.t full er ir, part of any tine during thz tare= cf the loan, and Boller ratty demand Lhe f ` tCr ��,I + > "Wq ,t E ,"i, i,,,;^,, ` 4 , ( - loan all due and paynbld fourteen months from the close of eacrov, with 60 days q, ,,' t I,,� ,, rkts"- i, ,'; ; ,� !;4written notice to Buyer. t• `•..w =fr tis�i �\ i ry i , r rr, y Both Duyar and ,,oiler agruo that in exercising aithnr , i`� �� it ,J�tl,1 option all future interest due and all prepaid interest will be aid to Scllcr "�`t i :i rl r{I'L3 r " 1+ S , open either prepayment or demnd for payment in full. In no avant shall said ('� r y- �'r� • "f ' s'r. '•' X+ ► ,. yr1 1- (c'I 7' -t payment bo any more or leas than 4238,050.00 plus unpaid principol balance and t,ny ;ii � k r ", + 'V , <' r -, "�{ v unpaid late charges. It is forth-.- ograed by both phrtles that writcen notice for ,t. �tx'�ti t1y ' : ;' `r Y"- ,,i, t3 �j'r7 7x� ' ,i �"r , t, r k `► x�k t,,, 1 payment in full may 1,c given in writing no sooner than 12 months and 15 doys Erom ,° ,'',1P` r~ +�;, �'` t � �f the close of escrow. Both parties agree that in consideration. of Buyers right tc `.rJ��I{, k"y.�` r. , r �: , •„, ,4I,<r art; t`r i , c , t prepay .the loan at any CiasL, Chat Seller may call the loan all due and a able ., `f "irr 5 y ' ''' " t •j' }�� ,�3 'Iri t including the tvo years interne: ns provided herein. p y ,r,`a`�'r, tit�'rar'� *` ':'o <� f � !r T D. Note and Trust Deed to contain Alienation Clause. 11 } !, .l �y, is `i})r,!f ,Ur4 i( ,r r" 1` 1I-,itiF.0 ti ti,�=`..' `- }; r , + ,i r Iff ,� .r�+ P Y 3 1,5 ,} r' r t "j i, 1»,fr€x t I, E. A lots charge of 6x of the payment dun will be chrrged in the event the a acnt is `(`� 'ti ' ' '''' I rncaivcd on or after she eleventh (Ilth) businesf sy frog the data the puym=nt is `!'r� ' , >` ` �` � '`` ` 1 -t t Jrs }' , r // II u i t �' �/ �: t.,'. ty-14.1 't f, y -!, , due. - rfl ! '�t1i t.i r', i!�! i rr jjkr.'I< ,1r --,� �, ! £f� I', Buyer and 5aller acknowledge that this is a Purchase Money Trust Daed. Both ••lIt rr ALa ' ; A „ 3r y .�i1, r 1 JL parties believe thoc Usury and Truth in Landing Disclosure rnquirementa are not raft ,,` )rR ' °1 f `I t,c i � 3i , applicable or re aired for Thin transaction end a rce not to assert they as u 17 )' ,;� .f,4 i r 4 i4�""�,�'__11'�-1-'I1-..%,� i--,, -, )1 '�e,,1l,:I,Vmo,, ,"i,,4,,��,-, 1,, f_r.r_�*�,,!_'� i i ,�, tr 4i•,1,,rtt 1 r,ik , • dafenao in ar,y heal action concerning thin note. g ��f t , '!.�977{a �'" ,,1 ;;r i'4 i , ,."t rl+cj� 3, OOYVEYANCE OF TTJ'LE, Sallar agrees to convey' by Crtutt Decd to Duyar marketable 'y; r ,G';} ;, Z-•. " " 4.,} .fit it l ' iY;it7.- " (.1 fee alAple title to the Property ireu and clear of ell recorded and unrecorded liens, ►"'`'s irr j ,''"i+}a; >I�' ' i � t, i , - ?, ., y r ( ,,T; , encumbrancna, Qas�asatants, Casements, losses and taxes EXCEPT: T > y�" i P? 1 ; , � *-_ �'-I,I , .. .�,'-­; '�I ,4-.I� , .1 ",I - .1..1 ,�.'� . ,-i 1. .1 . I I, �I- :� I.. I ,�"I. '", '"' : . . . i' ... I .I ' �L I � -, I, L �, ,,. .� L � ,�, .. :I1 . I% I ..,I : I .I. ." !�". I.� ,,,. -,.I.I � II -. '....,- ,I , .- ,.1�. L.�II . ". i.I , .I I .L­t� ,# :. I I 'I�. �� �I .";._1 ' ! I" "'* ,.�.. .-I, ,­li L,,'-,l �,I""",* I: .,' .,�-�, �I1"'- ,�-' ,�� , ' .1,, 1 - �j y- ,r( 'F;•,1�'z 11 1j., f.., ;i�,i ''""} 41{.Tt,'� j. s-t? ;�tiAl4r�� ifr. �y,iz'; A. Tatres: Sacend Installment Fiscal Year 198E-89. 1, ,, D, Quasi -public utility, public alley, public street easaaants and rights of ►ay of '-��!` r, `• a i r ';'' cord. 7! 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Fie..i f j.. .: } ,1:, 1 - Y r.i �'C' W4- t.I + ' f '' r Y e ,h \ „' .. l '\ t ;� .•.' �i' t. F �,�. h , , r t p ) '! .,t L. , • 1.'.' r, i t +� t , rr!.', .r4. f : � r� � Sr (: ,." },' ,gyp rr�� / l: ,,,, 4s i1? " ' ', Y �I,, ',t; ^,', ,'t. ,, r �, ,•I, , ^' ,': .. r t '1 f, 'J ' ., ' % ' 2•. 1, t • 1� , f .� f 1U, R ) , L (f l 3 ', ',` t` -VNi}[�' r.:;j;.. , 11 ) -r .r, , '1, ,, ! ,., `, i..,•�: r .fF, ,i'$ 'i f11:* 1 • -Y t 'T :1 YV / .. ' - r t'f� ' t V 7 , � Ir., "i1 1 f'' 1 1 1 I ,' , , I ' 11 r' t is , '". , f 1'.t...I k',,111I r �+ aY',!_I 1 ,fj 'i r ,r;'. e-/ r, f'. t, t',l iT'f' ;: l ,.�L. f', { t�V 4 �.-, .fit' �s'!'v, yr' ' #.., S ,�= J„ w,+tl� .,.f{ ...: L/It..rwi&r"h.wa:r71"f,:.f�i!`ril•�i �.'.�lA;: i7.•:!'%M;^iY t;,,4ji:u-.,�:.. .a.....�_. : s,."i .�,, .; L-}`.' ,i,7i� j , .f :�- y '. T� '..� St '� yq �: �J1cyrLr�.:L_.....i 1.,.,.. ,.u.,a.s,i�-tis .a..:......i'.: L+,oM..+.i1iw �M i , 11 i,. ! } " 1 �s��� fv''� j ',it ; , •. PACE 2 OF G , ' �r "";! If,".t 6 ` s f t rA _ i J r ,'Ya 1 (Y t r11. 'ar"rrr 1 r ..', r i i t ,Y 4;r,1 4.11 "'•v' r f r ', r ' ' rti �''' ' r �•�# i v r ;'' 4 ,rA�r .,• yr,• C. Itomr. nubered 1.4,5,6,H 10 11 l2 13 15 lb 17 I© 19 20 21 of ►.ha Dbove '� t<. v,tM S'Lf t Y numbered title sport lsaued by Flret American Title Insurance Com any doted r— ,. +i`;. ,': .' H rc h 3 19H . ti "it i , fI, it} e . - ��'r JtA 1*Itr V ,, ;/, J ; " b. TI.17.B INSURANCE PYILIC'i. Eacrov Agent shall, following recording o! dued to F !1 7,'f,� V { " sr - 1 W.t` , ;.(I r , Buyer, provide Uuyar with CI.TA Standard Covarago policy of Tit10 Incuranca in the )�;Fi` },'t,f i. S r tif)' V1�1 .1{a,,. amount of =1,095.000,O0, issued by First American Title rnnurnnce Camrany, shaving ;,',rW�•i� tI.1 rt r • , ,, tTu�„ {rthe title to the property vested in buyer, subject only to the exceptions sat forth ,=+ �1";: 1• ,+ zr i ,r: rr ,-;,, in Paragraph 9 and the printed exceptions and stipulations in said polio;. duyer , .'' r.> f t,tlt 1,,, ). a* A allraCD CO pay C11C premium Citat•aad thara(are, r p s'r'4�7'i { T } r'iY�f r •I fl ter ' YID`; , ' i� - S. -ESCROW. Buyer Dgrees to open an encrov in accordance with Chiu A recmant of ,1+'� .. It II 114 . ti r... r '. r g tYffr + ,~ lrl triz' 1i,". , First Ataaricnn Tit1a Inaurnnrs Cam en llti E. Sth Street Santa Ans CA .This Y/r f, r"v },I, ;1�" *J �� y r,f' Agreement eonstltuLee the Joint escrow instructions o uyer and a ler, and Escrow + V. , , 5v;�,t °r?°i�'f k s�; Agent to ►:hoa those inatructions are delivered in hereby empowered to act under ,�r}'r. ��� � ,� this Agreement. ti 1"'ititt' '(V "a/: , 4, � �' ,-' g The parties hereto agree to do all acts necessary to class cols "k .� « .", <t ;:' T i ,� y't'14 r ;,.(, t ,�� 11fi escrow in the shortest possible time. 4 1# , :t sf{�' l_ r t t rry ; it i!'S r t pit• '. ! . . f.' tr ir, ",., y ' l r., a, l �j .11,E j Seller has axacvted and handed a deed to Buyer, concurreraly with this Agreement. t�:4. �'yir' r .'`;.. i ),t' 'i¢� As soon as pos�lble after opening of escrow, IIuye kill deposit the exacutod dead, 14 ".I rt 4' X4't "��'�_. ,f! 'K i" with Cartiticato of Acceptanco attached, with Escrow Agent on Sollar a bahalf. 1. a N x +':Sy 41 buyer agrees to dopoDlt the purchase price upon demand of Escrow Agent. Buyer and , X"I }. * S r r k"�'':,; ` Seller agree to deposit with Escrow Agent any additional inatrumanta as nay be �t Ae 1 ! a'�'"/ +t �' uccaeeury to complato this tra .anctiun. { , tie 1, +ti 1 *r "," _. . , ? d : U. �!?� > '_. ,; Inruranca polieiea for Piro or caaualtf ore not to ba trana[errad, and 5ellar will ' � fi',, ' t. ' t . -AI �" -,; •, " cancel his o►m policiaa attar cloao Of elacrnM. i 1 lx to } e , lay r r , '^�`{^'r '�� All furda received in this oscraw shall be de salted with otha. escrow funds in a r ,, r' �,rt 4 ,, r f ganarnl escrow nccount(e) and may be tranafarred to any ocher ouch eocrew trust ii s�Y r „l�fti. account in any State or National Bank doing business in the Sato of California. C , e'� i /i �', ' �ji!11�{ All diaburaecents yhsll ba audq by check from such account. ?" 1` W '' r (`' �' ;. t 4} f �-,. ESCROW AGEIS AUTIIORIZi:b ANp IS INSTRUCTED '10 COHpr.Y WI71t T11P FOLIDWINC TAX .++ 31',•' e, .,- �t`�`l l , ' A U TMFli1 PH NUUNF! �•.• s. A. I)ay and charge Seller for any unpaid delinquent taxes and/or penDlttoa and i j� ''") �.: ' 44i 1, . , 'r r` 1, " ! zp. .,I, ", 4 .+, '`/ interest thereon, end far any Jelin uent ar non —delinquent osaeasnwnta or ;}, ,= 1 �' '� ��1,, ' 3' bonds against the property q p ,1 y'..ir rt ..., V + ,. l t C,r,,,..r,11J.: i i ), �7 r,''y ' +� i, r f t, ) 't /)ifi ;, , 4,,1 ' ' I Jr r r X ' V `,", r i,' a. D. Escrow is not to ba concerned with proration Sol.lar's taxers for the currant ' ' tW vet, f �It , ;it}"' ', fiscal your it this oyerow closes botwdon July 1 and November. 1 unless (f, �'"r, ��rr ti Y ! _ J jt M .; 'f7\ar ; , CUCreat tax information is available from title insurer. In the avant said S . t1,,f�.w 1l/S/'R {• `. L tt. rrrt�� , ' � '� �;' ''' tar information is available, Sellers taxes shall be prorated in accordance I�"�>r rl \ t r { Y, . with Paragraph C below. From July 1 and enauln ariod whin tax information r=�� j,. L 'fy tr ' : 3 ' '- ), �,, / is not available, Sollar's prorato portion ofetaxes due to clone of escrow, 1",, , '�'r ,iGt', �'" tom, ''' S, '�k`>� , `' x ; shell be cleared or,d aid b Seller outside escrow, pursuant to provisions of �'' "` ' ItP Y e +1,, +yy+ t i 5action SOBZ thrauEh 5090 of the Revenue and Taxation Code of the, Stoto of 1'<aFrT;, .� z Z '" r�r/a 1+ t ~! r'. r �; , ' r`.alifornia; 1 Y rci I v 't 1 i, ' ;,1 I Sil, 'QuJjr, ^sYf ,�f' r,r� 1y:1 C. From the data thaC tax inforcation is availablN, ss per Paragraph D above, . +el"� ,.i '- " . JL; ri`'iy r , �i fF,'r't yr r \, , 1;i t : � , - up ko and including June 30th, Seller's currant taxes: if unpaid, shall bo '�o , ��, 1 x '41...q ,, ".!..- � , ,,' ,F y*. prorntad to deco of close of er;c:ow on the bolls of s' 365 day yoar in I , 1!'1 z , „t`�',r. �f '+'� t 11 ' ' r' j ' ' occordonca with Tax Cullector'a proration requirear',.9, together with *r,J k° r r,,?,,r } fik `'/' r :� ponaltie% and interest if acid currant taxes are unpaid after December 10 r; i '1 to ': 'I'm ,1 kr+° :� t,,`'r4, .;. and/or A;rll 10. At close of escrow, chec:t pr1",able to the County Tax ,',„i its O�',ti . < 1 j } .,,,, t M , •. -. �• k,�Fct + J rid ,'r Ce,llr:ctor for Seller's prornta portion of coxes ur•.il be fon.ardad to Duyar tylIt�, o;� '`4�t f''ys i ' i r.l r. ^pie\+ a n l"lrt with closing etaCCCCntj r r,r , r���� t It �rI r; ,, r , ,�, Y *ry�r� "r,',ti,, ''BSI '' f'. �. 1, ii s F , , ,:- , s, { D, Any taxes which have been paid by Sella-., prior to opening of this oscrow, s. W r~ �t!a!�tl ���Ift s ff t % s k � `ry `%r�l''{i`'�,t' _ .. , �'; i , shall not be prorated between Buyer r_ : Seller, but Seller shall have the t�,i .1; ..,.�` ,tr rt ¢ ' '.` 'T, ; 11; i r 7 i `� f;�7 solo right, tttar close of . escrow. �: apply to the County Tax Collector of t "t {'i `�:+,;�s` ;, 'y t,'tt eft, rn:7s e> F, °, :i raid county for refund. Tlris ref��;,a Mtuld apply to the peeled otter buyer's; ,}r t `7 i"` N r i7; V,,��f lj , f' r' �� `} i acquisition, pursuant to Revenue a:.d Taxation Coda Section 5096.7. r frf •' fi ' ;' ''Z 4 F ) 1 '," r.�, '".,; � °4;- ESCROW AGENT IS l�MORIZED TO AND SHALL: '.'. �'1y" .'S aa.I., ¢¢ �4 s "}r,!crtig r7 _ E. Pay and charge Seller for any amount necessur co 'I`i'f�t-,« : 1 ,,4 t';' y place title in the i,�rrt �. r' ,1 --1 t: r;,; .. t,;, ,F, .) condition necussnry to ratisty Par�:lraph 3 of this Agrewantl r"':� . fi' E' ' rr, y ,gjaF�?r"r. a t' ,r ., L { 7 1 as r� f u 7 f `& tyf a" ., .. 9 , M.IMMMAT • ,1, I ar `-/ �a �'�,lr ,�!4J ♦i':I � fr `r—;—'!;tAI't +,f"r, 1\ ,/ a r .Al'f» /r ¢/� R , rr. t•,->• E , '.`-t t k tt 1 `'t ,',; f ' tt4i 1 i!� il�,yr ,t f?i�,iit 'ir.. f'.. I; 'r /"{ i1, �.�f -,�•����{n, ri t•w, ,Y 'r, - , t ,r,r `rt !/ ':(R i; .( )•'6 w,M �11�J.: I i M 1 q t t ,! r 1. ii i i z. ! ' ,1 I, r ? 1; r f<<� �� :�' S <�t ` c t', [ tk ?% t t� \ ,/{rill ! 1'� • �1,' i 1 !.r%;;r , '.; , �Y 13 "S Pa: I(11 �r: r . ,.' 1 ..'t ' 4 t ' _'� t f f SS2' , / '1 , r,"fie yy ;tiG',Pi {rt ;ti t�_ 1 r c , ► •}. }S f.l! ., ,��.ir "i i7 f ` wJir t (s r e,���,,� iJ� �. "'J., !l, ,cite t` ' ,.}. { sp r� , a ! K S,, f=. ' L, •r t,, f r f 1, �! , r?,� i + ,.~. 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Tay and chargo Buyer for any escrow fees, charges and costa payable under I rograph b of this Agreemcntl G. Dtaburao funds ann dulivar deed when conditions of this escrow have bacl fulfilled by Boyar sad Sallor. The taro "cloarj of oscrou", if and where written in those instructiona, shall. mean the date neceueary instruments of conveyance era recorded in thu office of the County Recorder. Recordation o: iclstrumants dolivarud through this escrow in authorized if recoeaary or peeper in the :squanca of acid policy al title Insurance. All time limits within which any matter heroin spocified is to be performed r..ny be extended by mutual og:ocsxent of the portion hereto. Any amnndacnt of, or supplement to, any instructions must be in writing. TINE IS OF 711E ESSENCE IN VESE INSTRUCTIONS AND ESCROW IS TO CLOSE AS SOON AS POSSIBLE. If (except for deposit of sonny by Buyer, which shall be made by Buyer upon damond a! i'acrou Agent before close of escrow) this escrow In not In condition to clusu within 30 days from data of those instructions, any party who then shall have Xully complied with his instructions may, in writing, dn.aand the return of his money or propectyl Gut if nano have conplied no demand for return thereof shall be recognizall until five (5) days after Escrow Agent shrill. nave mailed copies of ouch demand to all other parties at the reapoctiva addresses shown in theoa oaerWi instructions, and it any ubjer,tions are raiatid within cold five eriod, Escrow Agunt in authorized to hold all papers and documents until instructad by a court of coonatent jurisdiction or mutual instructions. It no demands are monde, proce:Jtl with clawing of thin escrow as soon as possible. Reaponaibility for Escrow Agent under this Agreement is azprcasly limited to ParnRropllq 1, 2, 3, 4, S, 4, 7, 9, 10, lE3 and to its liability under any policy of title insurance ieauad in regard to this tranenction. 6. i CRQN ,pF.FS, CIIARCFS AND COSTS. Buyer agrees to pay all Buyer's and Sollar's usual team, charges and costa which arine in this oncrow. 7. RUTAL AND OCCUPANCY ,3Y SELLER. Seller agrees to execute a complato, currant and correct states.:^� ^f rantela on faro furnished to Seller and deliver soma to Buyor within fifteen (15) guys hereof with copies of any vritten leases or rental agreements attached. All rents !Lill be prorated as of the close of escrow an the basis of a 30-day month conaintont with that Statement, subject to approval of Buyer. Seller hereby agrees not to tent any units on the premises which are now va;ant, or which may be vacated by present occupants prior to class of escrow. Seller h�raby warrants that the rental statement referred to shall include the terms of all rental ogrcemenca, tananciea and losses (written. unwritten, retarded or unrecorded) agruea to ho14 Buyer harmless from all liability fray any ouch !oases or agreements. Seller also varcants Chat there are no oral or written leases on all er any .portion of property exceeding a period of one month, and yeller further agrees to hold Buyer harmless and raimburso Buyer for any and all of Ito losses and oxponnes occnsioned by reascn of any lease of said property hold by any tenant of Seller for a period exceeding nna month, except= Kons B. PERMISSION TO ENrE?t OY PR1x1ISM. Seller hereby grants to Buyer, or 3ta authori:ad agents, permission to enter upon the Property nt all reasonable times prior to close of escrow for the purpose of waking necessary t/r opproprinta V!ipectlons. 9. COMiTFRPARTS. This ogreemertt may be executed in counterparts, each of which . ao executed sliali, irraspactive of the date of its execution and delivery, be deemed an original, and al.1 such counterparts together shall constitute ono and Cho some instrument. 10. CLOSING STATEHENP. Sallcr instructs Escrow Agent to release a copy Or Sellers s statement to Buyer and to Cucler end Associates, Inc., 3711 Long Beach Blvd., Sui.ta 1015, Laing leach, California 90807-33151 purpose being to ascertain if any reimbursements nro dun 5nllcr. T;.; rr is f t zrot - S, f_tL fL t t. ti , A, t, z1� ,-, `�` _$ i 111 . 11 , . rM _! 'I 'r iC ri Y •� t t i I : L.. l 1 tkJ r1 t'i 4',?..t a. ,i I!f, •� �Q Jta. f: '' .s 1. r� Yt� ,1ti t a l� ; f�t� lr., ;? ij , a 4r} fy r,�,f t i " "� i r� .i Ty ., f1-. sat 1'j ( r �� x a . J4 ' �' ' „� fK. f41 , ., , �' t 4^ tx i, t>st hjti /t lQL1�i!j1 •SINl�pji AF , �t{ � j`H i "t�tr �yr;• . Ji ' _-Lr W t 7`S r a` YL 11 , }} yy t, t, -, i ,I . 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A.' + r, S, f ' ' t 1 r t t, 1, Yf f ,� ' • y, f ' 11. 1.05S OR i4MAC6 70 7HPROVF?tENTS. lass or darigc to the real property or any , rr ' It r t` , i.,F f, } laprovLxaenta thereon, by'fira or other casualty, occurring prior to tl►o rocordetiou n,;+�tt-.+4»X= 4a+ j '7 t ' 'z ,i,, I{ of the Dead shall be at the rink of Sollor. In the avant that Ions or daaaae to ?,,,�� r? ",, r r ; r sf� - f 't r', ti `'r! the reel property or any iaprovcmcnts thoroun, by fire or ot.hor caznalry, otnura + t t `,}� `,"1;,ii1sl fh` ,: t -,� prior to the rocordatian of thl lked, Auycr usy elect to require that rho Sollor 4�; ,- i fi 1 'it. ') pay w Aura: the proceeds of any insurance which may became payable to Sullrr by 1► S t }� +', -_* t r ., + " '' , t;. c i tl �ti reason thereof, or to permit such pcocsode to be used for the restoratien of the , 1ti `r °I, ,%:( � , > ,'V ' , �'; 4' , domeBa done, or co reduce Vitt total price by an amount equal to the diminution in �fV,i . t' ' r�°r11)!T '_ t .- +t f'f13t4? t',rs,'• Va140 rrt said property by reeson tlE such lass or damage or rho neount Ot lneUlAnCe +�1r'yIt id 1 it `>( t,M, ,,"' f J+rxI ,rlj {{ �t,.. ,lY ,t payable to Sollor, whichever is greater. ",I, ,ice j ;' ` r t; _ ! F i 1. tll ►ZrprC,?k ,` k, � I! r1 iy` 12. F1IIHPNI' DOMAIN DISMISSAL. Seller and Buyer acknowledge that this tranrsction ��i��•1 ,�,4,,� "' �1 % . i !a a negotiated matt om�an�t—in lieu of condcsnation, and .aller hereby agrecs and . t ff..t , i i.� jt ; ); . tTi , :' r1�� 6i ::. ;'c,; .v • �l'i ,,, conEents to the dlaniesal or abandonment of any eainmt domain action in the ,will : �, f` i {; fray ; 'S ,; Superior Court of Cho State at California in and for the County of Orange wherein tris7h:! y ;y, 1`. ,3`? . t I ;� r 4'f:^¢w, ,;f i+t'; ,1 • . the heroin described property is included and also waives Goy and all claims to ens k,rj,L, Irr t 't ',,P�t,t . " ` mono err de salt !n said action and further waives all attorno 'a fees costa, `` —I C. 1 1±r ltl �s , ;, %, - r, t l 1 Y P Y y i�. i► - 1 + r, 4 ;r 3 dieburaenonte and exposroa incurred in eonnaetion thorauith.r'3 !f ,A"1'.ii,,,l. & tf U! }/' S,z,,,1frl:,' C , ( t lJ`1,'�'tl'• ' i ��', • , 1 at J,} r 13. POSSESSION AiID DISPOSITION OF S.LI•ER 4 FURNI'NRE, Poasasaian of Taal property . 4; I p?/lt rl 1 x�Zj�o, ,/• ryi ;''',' ,L,t; shall be given to !furor u on t u rotor ing of Sollar's deed. All Sel ur's. ri+v� , t t�11, ,,;' p 1 ' x�iK:111�� I.', .`r, 1! furniture and furniehinga shall seasoin rho property of Seller and Seller shall have ':',fN �rr , {} the right at any tine to remove or othorwiso dispose of all or any portion of nose, i 13 , ;, - 4,:1, provided that all tenants occupying the premises of the time Sollar's dood is i It ?` l t-N ;i` recorded ahnll bo nntitlad to continuo to use the furniture and furnishings thou ' `Its '`;c`, 1 , tY '; being wad by theca until than vact.to ouch of their respoctive apartments or living '�17 1t `.'! , ; ; spaces, and provided that within ten (10) days after notice fray Buy0r that the , { i + ,,+rw r 1 t ,,,''," premises haws boon vacated, Sollor will remove or otherwise dispose of all such K rt i . furniture and furnishings. All furniture and furnishings remaining on the preisos •,".,t,l 4, r 1'� ",�1`�i? . t ' � , after ten (30) days shall t>acorao rho property of Duyor sod Duyor fury dispose of P,1'' ;,!' ti, - --x, r 1, ease without liability na it alor.a aeon fit. Buyer shall not be liabla for any A ? r+`t" 1t<". r, ), loss of or damago to said furniture or furniahinga, regardlana of when ouch loos or s t 'r r' „ r } ♦ t1 Ai ; ,I, dwaga uccur'a. f... , ;t••, ' ..?r, "i't,;-; , •• 14, Vnrrantiee Re rasentatione and Covenants of Seller. Seller horaby warrants, yet 11 r ' t "t la r'1 {i:'7f ` ) , repreeenta, and or covenants to buyer ttlatt ltft ;�� f`�..b �', �,,-,f .(A ,t�• l r , , _4 { , Fir r l 1N , , ?i', , ` f ;nA. To tha bast of 9211or's knowledge, there are. no actions, suits, riter'ial , � � ,, ' ,';,.1"y-,, o'4 'i `, ( r ';Jiro . , "I. .� r:laim9, legal procoedinge, or any other prccendings aEtectitg the property 'Jam., l�ir,r 11 4, t+ !';) It ' ' , i t , t, er any poetitl r [harem, at law, or in equity before any court or I t !` * as } r '' 1` r ; !"It ,,,^s � ' , i; ''' governments_ aEcncy, duaestic ar tOCO1Qn. r t,:1 C k --` � ( " r i.,, "'"'t: D. i'o thus bast of Seller's knowledge, there are no encroacizento onto the = I' AL��r�,!r�r� t4 }i t ...t rt.:: ,,i , j.11 r ,� . property by ioprovcaonte on snr adjoining property, nor du any buildings 1�r, FS_f:,,(i! ot�. �.... fY_, , J! {tAr r Is i or improvements enerc3ch on other proparriea. t, ti1=b:', pl ,� k �� i 1�+ Err. , i 'k. . , r[i ! f ,. a iiJ f•,: i 1 t,J,{fi , L n y!.: !„�. ,, +yam ?61 ,f ,1 + ` C. Until the closin , Seller shall awintnin rho ro eft in and eandition 1 ,r r. Ci., '" atf." , tt f B P P Y 8 r , ,�` Ih" EI .'I- �iri I and, state of repair and aalntonanco, and shall porfora all of its ''(%'.- ),J/" i • % I, ' --; Ym rQ I.t -ibL'lQations under any arrvica contracts or other contracts affecting the 3 4+ i L 1 )­+°t'ttl f ,' .,. ,j t . ;r 5Ift r` f property. �. I, lir i,,,, i +� t t c at ,` (, f1 D. Until the closin , Seller shall, not do an thing which would in air k !;1k+ 'I P ?ti}�^ .� +' ,, t, i = B Y P 1 t1 ,yilr s =t, F,iE Seller's title to any of the property. j I, rti"'�' ` r !. �v t I. r + i t ll , Y , E. 1 � , 9X• k '�,1 r -f1 , e ,J �t rI`- i' . All utilities including gas, aloctricity, water, eewago, and telephone, , ,� q ,p.Y 'r " %I .L* 1 S are nvailebla to the ro Eft and to the best of Seller's knowled a all •=ip rrl,l X . �I, 1 } ( �y�; l tf r!i 7 t it i• r P P Yf 8 i t 't A S,4 r h50�i' E��t�ty i tC if f, `. y ouch items are in good varkina order. ,r s,; �frJ i; , s , , ' ? `r r .! . rt . `, 3- . }} r 1 r.l t ` L r� T ti p vtra% Y )�j' t L ! 1 it `t '. tt , yj' i •t }i' r' $ ._ fr)�i,t t, . s e F. To the beat of• Seller a knowledge, neither the execution of this Agreement i jF ;; + i, t ,., tl;•+14i f., f' nor th•� parformnnca of the obllgLtiona harain will conflict with, or k 4L ','.'-r 1 ? ,i , ­'t +Z a ,13f 1 "" " L . • breach any af. tha proviaiona of am bond, note, aridelfco of indebtednena. j" ' T 1�' _�'' .I f ` ' ty .��- . ,'".. I -.. , :t.I , _III,.," - .-......, . .-.., _�, .,�.�..,: ..,. .� . 1.-. ,'I .I1 I. . 1 . ..I. �t... ..'.. . . - �.I I- 1� .-�,,I. — .. .I..� 1, 1. �rI;,, _ I_ 1.�1� � II—- III1"i... "I.t'.I,-..'�'"��"- ':-:".o',�.I,, ­I,.I II� '',,,I.,l1I.-,-1.�,l.`''._I. - f�t" I, !"._-:-...-.1'�� .��­�­. .-- '-'1`I�I� "I _-,, ;',,'1*-;�; ,�',1I.L., ­",",. ., ,- , :�. ",;--'_ .', ..Z'',,­ .".,�,4,,." .-,.-, ',.,1',',.,,") %7 ,',�.-- ,, I._,-�, ,,,� - �­­I - ' `I i. 9 ' 1 '! 1 a f ? S t k ct , '' ., f44''r,,,?f 1' ,•� ! �� contract, ,Cori, nr other agreement or Instrument to which Sollor's , .Jr � t �r r , 6 ."I 13,yYf ,"--A i , Ir ` property may bo bound. ,� 'iSZS r�+, rft s"' }+ i': ' 1f•;�, ; t t k 'Ili '' ' fi C. Until the! closing, Seller shall, upon learning of any fact or condition ,fit -, , +1'i , ' ' j t?: �., 1�' f ii"r !";! which would cause any of the warranties and rrtprarontationa in the acctlun ',,� lip fi✓a',S `i y: ,t ,4%+ jdyrtt`.?+' �' not to be true as of. closing. Ininediatoly give written notice of ouch fact � , ,, E ,j 7"� t y 1, I. ?'• 1,.� . �r F:' ' or condition to l:uyec. 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I' - .- 4 I l,.. .R f` iV , ri" .)(,I. .I i.i1 , I"i It I,�e•0-I ,, ,. 4f 1I1, �V­_! 7.t" " ",I�,A v,)" .,"-- 1,. .4 ;j, ( .T., , ,i -}i '" I, f� A�A .10111.X4�,:Ia4.?,-�­_11 f�-T1I k�fjII!!�_.tpl","t `4, _�Ii`If4,�r * m i,� wP, lI,,iVt_-t'41Jt,te,­i4-,-�Tr-�4I !? �3e", i �%�-o�r,I� . ..-!1I.,"4�t";t-�*-fl.It�It-;4,1304 ,� 1&�12L"�'J* � 0 y._ T" ..-I AiZo I—".�.1 - '-V� ta�Li­tf -1"i11"!;a�i,,,V l4R", ,�";'!I ,I-'--,��,��,­_I,._4.i.rA .:,.�:_� 1_";*IN D11, -oI -., ,1 , z1j , ,l, , . i ,J, � ,50"„ ;;�� . 11— 15, 11VARDOUS WASTP, HuLther Seller nor, to the beat of Sullor's knciludea, any T;1i- III I � ­­ ,kI, .-7 provivis OV11.1r, L0113to occuVantor user of the Proport) used$ Reierated, rele I9�. _-- ' v ; t,; red or dimposed uC any haturdoun waita, toxic subfitancem ," �� ;" rdous Kitl-rLala") on, under, In or about thu Proper.yo ar J t;z4_' azardaus Haturiulato or from te e er alallnot ;T,A—i ;I, 11 - .'iA'! cnuou cc pursfitthe lcldonC01 use gun)rdtl0n, rolou t, ditcharpa, storage or (j, ,� ­.I-.*�_iqdialjoaal of any fazardoun Muterials on, undor, in or abouto or the Ira sparLuLion 'I')1;f ,—­?."� .tk',T,'i Z,- '�,"!, of any Hazardous Hateriala Lo or from, the Proporty. The turm 91azardou3 Notarial, , ] , ;­" ;;j:��,;..ea r wouto which Ia or becomes regulat-d by any f,I i- I (It"tIo­ "Accal governmental authority, the Statt of Culiforn!a. or .ho United Staton %;(A,,­"A1,4.,4. _ ,1. I �ding, bat not lialted too any m4torlal or aubsLance which In (1) e, '-k !; do[Inad sa i"hozardoup wante," "extremely hazerdoun waste" or 'restricted M> , l "'";%. ;4 T,.rM,--, eL�;, 1i"_-1.­, hazardous waste" under Section 25115, 25117 or 25122.7. or listed pursuant to ', ,,4t­—,ii%,4 �, 1IW —�Suction 25140 of the California Health and Safety Code, Division 21)' Chdptor 6.5 " .­ iN�,1rtlJl— ,t.I (11azardaus Waste Control law), (ii) defined as "hazardous substanca" undoI$actIan i 41;_#ty".i�1, t Caiornia Health and Safety Coda, DLvialon 20 Chapter 6.8 1. - P­"t f o(f%., (Carpontor-Prosloy-Thnnor 11amardoun Substance Account Act)I (LM darInod an a II "II",.,_,"hazardous maturiall" haza.doun oubstanco" or "hazardous wanta1undar Section 25501 v44 ,," t ' * 1�.,1tY4 ,,­ A— , . of the California Health and Safaty Coda, Division 20, aiaptar 6.95 41"niardoud .4 4 FI" %11.l1f.I.I Hateriala holenao Respons.Plans an Lntary,,(tv) defined as a haAardoua Tr'A, ;" J­, � 1j:,;a-1�5toncef under Section 15281 of the Califor la ,,onitil and E(foty Code, Division &j-iV1X11._i20. Chapter 6.7 (Undorgrovnd Starala of hazardous Substances). (y) patrulaum,(vi) 4 1%cr,Rjj,"rJ­A:.,Iw) alboata:;1,,rriW1­41 ' !vsI)palychlorinited byphunyla, (viii) listed under Article 9 or defined O• "'-ali.rf,f 4I 3111j4rd1or 1extremely fiazardous" pursuant ,u Articlu 11 of 71.a 22 uf the f, 1t­,P 1'California AdainL a ision 4o Capter20, (ix) designated an a -), 1$_.,-N! "hazurdout nubutunci:" pursuant tu Seztinn 311 of the Clean Victor Act, ( 33 U.S.C. O'1MAM4*'-.0S1317), (x) refined a a "linzardoun wants" pursuant to Rectlun 1004 of thp Resource 'r., I,*.,`tom ,AiA, Consarvatiqnand Rucovary Act, 42 U.S.C. S6901 Ra j?'i -),V ,.J! .` ")'t.defined an a "hazardous isubmtonces" pursuant to Setion 101 of the Comprohanniva )," �oIt, vironmental Response. 6ipennation, and Liability Act, 42. U.S.C. S6901 at in. %., ­,__ 1-, 1Q1ArV 'l(42 V.S.C. S960)). , .%.."IJ,i�i1 "'n!i , 16. COMPLYANCH WMI ENVIPONMEhT LAWS. Ila Property and LWAntended use complies 11 I d,-- .' with d1l Upplilabl] laws.nigovenmental regulations including, with limitation. ,, ;t"R.=o_�k I�,. all applicable, fado.,al;af%te end local laws partainira to air and vator quality, 4t," i.il",, 41 L '1 . waste, wasto dLeporal and other environnon �l7", qN.__fjj�"" co,e e lid . ,i.N__'t;s uourco Consnrvation Recovery end CampvchoneLva Environnental 4. !T i Acts, and the ralifornin Environment QUQILLY ­:,t I j",1� - Act, and the rules, regulations and ordinances of the c o subject t-I ),7% ated, Chu California Department of Health Services, the Ragiona). !i� I'-,­�,.-,I i , . e e ater Resource= Control Beard, the lfl�, 1, I t! ,1 ;,"'—!1k \, Enitraimental Protection �gency an ederal, stato and local ff&k 7 , 'kf agencies and bureaus. ti1 T ;4A , ,- , ,I �.1� 1411I , 17. IUDEMTTY. Seller agrees to indemnify, defend and hold Buyer harmless from 1 "" IJand against uny claim, action, suit, proceeding, loss, cost, dRAIgOo liabilit7. ",�� ie i 19 ; # —, " L I ltatlon, attorneys fauu), resulting fron, arising out of, or based upon (1) tho V i0 �."�1I ')I '.l,.. I , �!-ln l. rage or d1spcji4 of any Hazardous P,)�, ,;" ­ ""%,/ 1.. Hatorlal np, under, in or about, or tha transportation of any such materJnIs to or 1f4F,4-1Jt0 '_MVI%;ree, ty, or (ii) tho violation, or alleged violation, of any statute, 1 f141tIt"'.ra-JMA1-"i,IT,1. ordAnance, order, rula, ragulacion, permit, judgment or license relating to the N u'I gereration, release, discharge, storage, disposal or ttarsportation a! t ,, laIrdoun Haterialn on, under, in or about. to or from, the Pro party ThIa , lt4"r"t,:) ;" s include, without limitation, any damage, liability, fine, penalty, �1, 1;; LWl.J4-,r %" punitive damage, cost ,or expense arising frclm or out of any claim, action, suit or I "I � J" ,— personal in 4,• 6-f�­i) jury (Including sickness, disease or death, tuajible ur ' ( 1. I .0CtrJion for lomt ragas, e profits­ r'IIk .,_ e1'., , .,V ,4 , ,�. V *1I'I - A fk1"�l. _f, Or econor1c laiis, damage to the natural remource or the covir0i12ont, , i"tit: -i!1IStf s on, contamination, Ia.nk. spill, releaseor other adverse Q!fact an 1. -,11-",} the environment. 'This indemnity extendsprior ,c114c­ 40-?"'P;to the date this escrow shall class. Seller shall not be resparrible or acts or 1 )W ! N� ;­ , most close of thin escrow. - .AL , i' f---- !- ,',liA Ia. CONTINGENCY, It in understood and agreed between the parties harato that the , �- completiontransaction, and the escrow created hereby, in contingentupon :.. ".". . the specific acceptance and approval of the Wyer heroin. 'Me execution of these t documents and the delivery of samo to Escrow Agent constitutes said acceptance and i.1 ?l . approval. . hI! t 1,"]f;W—lr.IM'=QWMgrmagtX4 t�4v5w-o7r4,-txtz-- Iih, !,f.-"f ­,N1• ";• ,. I "";I",I J­t,""�"- '��41A-i�lf A, t l,V �1,rt3—',S,—('If,, t 71 �?fj! ,". Ij�I�­4I !1IT t, , t,�'�?"I4 I ,,# L; ',­;1,, -,i h1j .;)., 1LfilI" I,V,� (kT­ ,I - "" , 'P-�t1�"'��'-�I, . I, ;t ! !A, , , 1I �. 4 t , ,M$,, 1',� , t J-c)­?Il- 4 ;ft4, ;-II—IIt�4 , 1�'�%,,�I�, I I ,%,,; l,W(,*,',74.rtJ�,4 • r'),.W'P�%p, Jt ;­;i­%1,",j I" ? S - , ".,,14 �,,,L�,I2�,f.�II ­"III,)il-I"-k:Is $1—Vi­1I 47?( AVI I—II.f - .4iUjq.• I ,, �Zl,. "1.Ae',-h %""r1;- -t �if ,4­",0a_iilk} ,kI I3�.tl'?�.1I"' Jj11 :;3e4I';, %�,'!'���il­xa-'1 , ;� .i�,�,%!,-- , - ?4T ,,, tI 1�.�%,iiv ,, " ,,_�,:,�411 . 1 p ,�*, I"" .?- ; 1".......N"' �j�IX,, " P, ;j, "4". 4"1_I � lt, "1l� V; ;4,4 I1e,,Adll), r;rJ, i,1i, �� J�,1, �,, ,�—i1.-, � , ; I (�'V ' ,-1qt,�-M);�%I,F4;�".,Ii- -'i1_V1; fr 1I,,, _?t�,,fM,1",iV;� .��y Ir1k".i:I-;II� "i­I4.? ip", f j""-i 1 11I I ?A�'&j�4/;��,?�,� �L,.,,F0t-t.i-ll?"I', .I""�., %�_4,211i,�-IiJN� 4;14 ,��f,- "i, 4— 7. ­�r --t I,�', �i.I.I s 17,r1�1. 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Yt t� t _•. ti � r ! ,t LIi. j � r `I, fr ='•t , c.,'`��i +- �t4� /ri �c t rr!� •,)°rt `r` Is ` 5 '•f' r, ., ;l! t + t s t if;I' 7�qh" $r ,(]] iA t,7tf ,• \�Y k IIVtr, ilir�'f!( tt,i L• ,+, �,1' ft :. ,, 5 `. , i/}t f 1 1 1 ��iyy i ) 1 r ! f ,f yt" �I �31!isfaS /1 ' ' i ' {r4t�r• an ; y4�,,r at.�T7.7,Y a {l1(I , �, �(, ilfrC t•i+� , 1j)1 y. r<: t it r .+( •, .t11�IVl •1�kt {w r+}�+ S j f iri rt4y S ! i .S ty r` �({•{ ,�itj 'fi T. {f4Y� ,I) t,. Oj^ ,ft, e , bi7� 777 , f fly cr� r,,.i 1ti ,, » �Llt s' , : r'� }t�', flint .,/f �t i\ It''i(�r"r' c�!:' r ' � � 'Y' `r 4r t i�,'�'� f {i��•M*rl" r �q ♦.. ,fit i r !a r/+w. 1� r.'Jv j 1/ /r '. ] t � �J r y 'Ark wit i 'r* "�Iriy,,y 1 c-U I r , 7 tt • i'� r i f :w%a�W 1 j.f ' �i.? rri�}' ail i t �• + � ,+1r r rf{1 Ilif l�r yi t tCr, t jft e+ }r�-ICJ � i,r�� I 1!+i •t, �555t�'. �,. �r Ir.^ r ; 1 t !•�} r + � � + +�' It J . f }t I• � � , , r w k � 0..ji x{ � t al r � ., �t + � .�°�.� ! •.1• .It. xi: Y V.S u. a ',t. IT,,:�.b` -AAA 1 Utica 6 of 6 19. CANT — IMPROVDIMM PU AINJd(j'!� RFALT . In addition to tho execution of iW3 agreement, Sailer c:groes to oxecu'le a quitclaim Peed in favor of Buyer and in t, iorm occuptable to Buyer to all tenant owned improvements pertaininp to realty. The terar and conditions, covonantd, and agreements fiat :firth heroin shall apply to and bind the heirs. executors, administratora, aoeigns and succecaors of the parties hereto, This Agveement contains tho entire agreement between bath parties, neithor party relies upon any warranty or reprosentation trot contained in this Agraement. IN KiTNE53 MIEREDF, tha pnrtio3 hereto have axdcuted thin Agreement the day and year net forth horeinnbove. j ANC )DRrSS OF SC11.EP, 3ELLER P.O. BOX 2? Rb!jcjj0 SAhTA FE, CA 92G61-0023 _ S t I�IwifI1.Y F. COS C HAULING ADDRESS OF i:UI R BUYER IIUNTItMN BEACH REDEVGi MENT ACEUrY 2000 MAIN STREET INNTItirTON BEACH, CA 92Wie r �w .A fi. �Sitsr r . [ s/.* ,J ; .r'r->i, • l'•, I a w I f .+ {iG%�'! }' flit' .'!'! �F� a'S57t: r.F+ !"iAWM7 rl ''y r 1 it tt j,,i r r..tit •ii k i�l'1� +jI: }tT. T ��u) r f 1 �+-I �( r r , f •, i +' : r t � :` 5 I � I i t '' S� t',�rt j, r i r r � y ��'' i " 1 r rJ � f, :r)t <<ti .•tr f tft� �►' �,+li r +� �', ',t r.�\(. r i'.+yf f +, 1' o ,'� +: r.f' Ott 1 ,+ `,r •�Pr1 fl �'°.,�i rix�fi i it, rai 11i 1 k 1 .1 0. + 1 r �, tat t i+ 1 •I •l � i',' 1 1 1- f+) Ij .l l ' j t,'A. rj .> •�.'+I I.. `' fCq. r r ;1j J+Jr.'.•t�t+tA` y'!�ft(..� +,�tt. �` t� ��t,�� j�t'�: ta� f ,1 t 3 , ,_` `? ', ` t!, ' + IS rt„ + „„`•t ,� it �; r +'> tt � ��+ 111+"""'Y ('.'t�r ,,1 � k },�rr , i r ti S , r•�i� `�? f�, '�t,�.t Is 1r�'�%{5�,1�' tiyy}Jt �ti �tl .! 1 `{tea lyjr (''jjr' Ilr tt,t� +.', 4 j� i 1,.! r r,r I�`r3,t Jr t.ftiiE Yltl {r It 11; (.'�"}, ilfl ti i+ •� 4� 5 yLt;'. _ ' + �' ' t it :r ri L + , •.Y �1 ` :If f t _ll (r '., 1 �, Nf;11. �'1"+'4r 4t ri, \�v+ :f•'� •'�,� + ,1. - ° to :+l"�' s} r M x+r yt, �ir}��''.1 .. i►�ia.:L7�a.')i I I -to I-N 'j. r., 4f I 'At i1' I I 4:` i, UY V V. I W fA 6 -to 'I fo�' or 41111�11, 15%i , I *, 7NJ— , ri I A ir '.I"�1t}�� lsrt1,11: ,Sl� 7}�iJ�F'�`a �� ty A#" 4 4,r 1,1' 1. " ­ U T', i , 0 , I , V� .4 (. " 1i �, .4 " - ". i "A ii.`��A k: V "'1'14 PARCEL Ii LM 4. 5 AND'6 INA BLOCK 104 OF HLrCINCTOR BEACH, 'AS SHM ON A w R=RDED IN BOOK 3 FACE 36 or Mir.ELLANEGUS MAPS, RECOKID3 Of IDR"g, COUNTY, CALIMRNIA. PARCEL 21. 4" CIL. 111F. NOM EASTERLY S37 1/2 FiO OF 911Af'PORTrOqOF OCEM imi1de.,100, mr WIDE, LYING DZr&EN THE SOUTHWESTERLY PROLONGATION OP THE SMIFASURLY LINE OF LOT 4 AND 711E SOVIPWESTERLY PPIOLONCATION OF THE NOR711WESTERLY LINE OF'wr 6 IN jaug 104, ALL AS S11OWW ON THE MAP OF HUNTINGTON BEACH RECORDO IN BOOK 3,'PAGZ 36.Or MISCELLANEOUS MAPS; RECORDS OF ORANGE COUNrY,.CALIFORNIA, PARCEL 3: u 711E SCXMIWEST13LY 12-1/2 FEET OF THAT, PORTION- . OV11W OF OCEAN AVFFUH, 100 F= . WIDE, LYING BETWEEN 711E SOUnNWLRLY ?R=tjGATIoN Op, THE SOLMIUMULY LINE OP LOT .4 IMP TAR S0UT1WnTxRLY',p1;OLOWcATIoN oF,mg t. NORTHWESTERLY LINE OF LOT 6, IN BLOCK 104,"ALL AS-, 'SHOWN, ON 7112 MAP OF JIUNTI11rMN BEACH RECORDED IN BOOK 3, PAGE 36 OF.MISCEUANWuS ?JA'PS, RECORDS OF ORANGE CoUhTY, CALIFORNIA. VPi Ot o 2v EX11Brr "All - V WIV tv, �Yj 4 1 f 4 -1 1'� 1?4 17 , � 11 f 11 '01 1 f,A. f /i.: � . ( V , . 4 kkO ,lFiL k ­4 "ro. J �JIC t 1 10 TIA, A 41 jgil I oo, hSa t �.rr P 4�"Ij o to of ( A f,V(l. f P 7' to 'I • tttt vv, II -I "t, o 'I, - at fi. �j' � tl'.+' s r t •:t It.,. ».- t.,r ,T it ,) t!. 1 r -.• t -' "a�:M'"'hr�inC.; `; }'+ ice, r . `tr{ ' I • } - a ' i - r t 4t t r` ` ii• p/ y .+t1. ' •)e r +- IA°)a� S t,rra a rwf , , lj�° "��1 ✓//l♦'r it •.•. «�, i • s'l','-,/�p r r r 1 ,:i `I i .1 4" tl' i ,,a.j Isar. '!`J.'tl ,.y(, '.'i.. �,+ ', ., F: 4 ' i�:h ,...tom• rr.. : •j._ .i ...l �r.. ,, �T, al,!�St!�.. i. 1' r>,j�_ +� /;. ,'{:� •y r) t.{ � t ;p • t r '�� 1 t .. cr k r w } T- t t �, '� �ht" ".,t" `q's, { I tj�«IT �YIp J t. '�{h ! • i 'y� : !ri ''FI:jR l'.t isi � .. , ♦ / f .,�j- � Y , :l Tt t 1 r .r br � a ,art r a+ t Jr J i! �tf t i r r r xt, t a r +r►a (4„ JrR t Sit t2r')+>? r � X tt� r -t r t , i J�7 i •J*t rt1`s._ ; r 9wry 1� ' �,: r rt^li /� >, i y ..73-t.t ��r�jtlf r.:/ v r•:; , �t� t.�/ r, w 1, � a -,. f ; , ►���``rr r _�{jC �' },rr.. ., �r /a t t�'j t:r t ,l(r t ! t� �i dr 1 r r �4. �Y�,l ��{`({'���lC'Y '�aw'. j'E�tw v�C].+ 4 ( 1 r t Jr . !1 it / �fft yCygVq fs4 , 1 .�` �rl I. (l�} ""7 ll !t•. ya•J,� q� Y �! r•(s+1�- i �f, �.J 1%��,te� ��Cj�'. 1,�t13t{� r:r� r�. r,ilt �,.i � r .IT z { rtj�t +}i !� 1 �i �'r rF'a t _�1 Y � +,I•F �e1 I r'l �t�, t ? �, r ° t r CW �* , , s •t't t * t 1S { , , s 1 r.'- �� n :v,' Tli ,F �iaJ. (''t w�yY f: ��// r.._ ♦ f :ti � i R �aJ • �1� 1. + r' � t�11 tit + _ j t {Il � r 1 t�Y �I r tJ•i 1 Y. l� ' �' y: ° � ) 1 f:, i 1 � r 1 } y . Yrr � ,�� a`��.+f��>:•. v..t ,. ,T,}'� ! 1'lk ih} f" «!•» .. r er �t 4Y r' - 1 �{hj�fr.S{Ii�t v'' Y Iy I+ , ! � ''4 t`. Sj, � ry � f , � !/ rJ 1 : � il:, � j> 1 .ray t� t..r r yr fh ,i. �3 !(1•�*r rt: •�iY - t t i't•� i�.tt' S Yft1 , r • l.• .� r rT 1- ! i / b (ry` T`I �4 ?LJ t;; 1+ .. y j 1 J 1 r 4 t r7 f1 �` yM!� J i .:: rr/Si � , Ji«�h •. Y y.:. }✓7,-, t' i'��� y i` �✓ 1'-r, r' TI I C' h. {I� i 21 t , r_ a}Yi r ti.'1 fz ;.,., r t •4ii+' t' d �,f r�1� 1 !a' 3' r,{ _t •./, G �•:, � y�fi f jl '1 Irf '� i;z i it i;,t a l , , 3 Y ,4t4i f,.}, xr �.��; ! 7 ti � ,I..' o . :t<::� c-., , 2'}r:Y..,, rV' �ii ra.:;�i.i ' ' r `+wwr-►�.+".r•�.w.wa,�a'1r'wMf W S�f7HAf�Wflaf/ 1' �. liar. L4-153•IL Order No, Escrow No. 151 94366L • 1.o�n No, WHEN RECORDED MAIL TO; i r Jack Leonard Cooney and C , Marilyn P. Guam P.O. Box 23 Rancho Santa Yet CA 92067 APACE 1ABOVE THIS LINE FOR 111COADIRS use T� DIED OF TRUST WITH ASSIGNMENT OF RENTS (SHORT FORM1, { tr This DEED OF TRUST, made March 27, 1989 bafween ' 'Ili ri;.,GTON REACH AE;AEVETAPMF+NT AGZHCY }. <, herein called TRUSTOR, , whose address 11 2990 Mai ',, 4 ' ° ,. • ' ; , • rLor t n Street Huntington Beach, CA 92648 tNw= k I. rtl stroll) (cry) t E'IFiST AMEiiICAN TITLE INSURANCE: COMPANY, a California corporation, heroin balled TRUSTEE, . and JACK, LEONARD GOSNEY and MARILYN F. GOSNEY ,r herein tilled bENEFICIAR a Y. WITNESSETHs That Truttor grant& to Truaeo In Trust, with Pt2wa:I cf Sale, s Ih1i•propNrty in inCITY OF / = }I HUNTINCTON BLACK County of ORANGE , hilt of Californd li, deiirllii air t t SEE ATTACHMI LEGAL DESCRIPTION `�i' JS� t •', I >S;, i rT+ t :{� :free(' 't t11�' ;� •• " - , y i,`} ' , . .: r... ; .. , ' a ,, [ono[. tad apply such rental Issues t d,peal & p it [n to and [tnfu•ai upset Mr oR[lory k ' f �; a' t •r• Toerl)rr Wadi the itnt• Issvaa Bad ea thneel, ivbliclhowear. to the eight, power and arlltwey herobad'er' , for the Purpus if sealrg11)payi.toel of the IIMr of S : riO3: MGOD.00 milk Inhrafl III *on leeardiag to the M1M[ at a prefousi il not or notes of are" date horotauh nude by T;vsla, payable te'order of le"Wary: and StulasAtru airertowdrthereof. .and (n the Iwrtormow at Bad. •'' yl ' aereealwt at TrvUeo wtwpotded,by robuenca at mtlsittad her"(3) payroll of addldawhr l IV" And Inferoal tae: ,r :''•Insy hereafter be.ladeed is 1'..- Truster. at No oveasars of restyle; when @wade -lead by a prondaser/ "a w hertl totaling 1461 Ihey oto sewed by that 0.1 J Ii Iloilo.: r-+ r Te arMeu the la[wlly'al l(:M Deed of Ttnot,'ind .alh raised to the�pepriy .brow dnortrad, Trualr e■pnrtly, nlia,:.�!A and oil of ilea praarnanit, , ` and dope and etireet to perform and be laved by loth and all $I Ike ,rasa and pradalods too lads N ovbAvIsIon A, Ind to Is ,erovo t! ap.w1 dui each ` ' y Odl.Iakaa I of tN f4iltlo M deed of fruit recorded In Orange Covnry Atgvsl 17, Nat, ,reed M oil slur �? end as el the term .red nether vet (ado M e pope of Official Reco.de its the ee7[e of IN eeung rllordil of °M tarnfy where still property IS leat-od, i. COUNTY \a00e e 1 0& 1 such [euNOUN T'yn + i,`,.. v F [euntMt August la. AIM, 4t doe busk ord at IN . , . - - • l it ! s OU BOOK PAGE' COUNTY BOOK PAGI COUNTY BOOK pAK st. 4 Aloneeds list -as&' BNs% ISO 11.1 ftmr teal 7yt 1Mno 34) ,1A , t�? Ragtag 2 IN41 Isle: 427 110 pluslae 116 efal' lhtlyeo "A 762' e =dr 123 Ai& utun Ha !N Riverside 3111 IV lolano 1say ' ' qi ,i all Madera ail Ifs fall settle a" a01 .NariaUa faA7 •a!1 artte 1219 213 lei An etas T.3 Ifs bor.nolt 1021 124 fooeau k { Cdaruoa I1f' a illy 14 U T _ Coma` " 322 211 histln 1141 •:, .122 its aeoustdlna ilia 761 Iof # - Bhp ads ri_ h fife' Coate Celle •tea 1 Mulpeto IN U2 Ianlnatluo A•e01 Bpi Teluss417 ( 113 Od(eerfe lay &af- Meedetas 1e7 99 lsw.gula fell. 112 Trials,(M !es &10wods !IN a& Mused I"Al 'Tp2 panlLuiaDlnpo _1311 127 Talus 212a 101 yn►laa Jl&2 a2f Model Ill q lonMdsa e"a, its Trdwene' ,.; Try taB '.1a1 7a ,.24ena N •, } a1! Nn4 aubua soda lay Veatwo- +21a7,' •'lay' ` r He.abail 101 W Meefuq !!7 2a9 Iloilo Clato 1a11 aW rolt f' 7N I• lolpodd lisp 711 mops , 104 1e2 SantaCrra Isle t07 Take 3"' al! bye 11f an Nwede, 263 le :ham C01:: 131 a•• I Kent 71&a aq 0•aege r 7112 1B:: IanOlap SIIIIIS e+el17N,fgeieiy7e l t 60,611 huto la and bind Mae pollN% heroic. t.rlh respell Is the'ptape" oberr duopred. Said algeu,wenu, lrms artd prothlaru eonlslned In bold wWivislen A and a.Ildtehaal In as aeuneita. trod prinitit on the Is ame Ilde Mnep are by IN width rdrinIN Ihero:o, interfacetd hat via and nu 4 a pan of IN$ Deed x . • of True) ft. ad F,epNs as funs as at set lath at 4nyth tweM, " Ienerd.ry r.oy Charge 1,.e a raternent regarding Me eW:puion unwed Mseby, pa.!Jed } the chirp^ 0wrola dwo no oentd the etsderlum &;towed by lam. �+ IN eade'll"sal Trvolat, ropwlls that a copy of any lattice of ddoult sad any relics sal sale hereundef be nt67N to him at his addron horernbolwo set ftnh . of iTATEt7pc1LIFOfINtA HUN NGT'0 BEACH A OP 1 CY , ,r ' OOUNiYOF,- Orangi+ �' -,I Ot: agrzi1 7. ' 1989 / ce, :...• •i ' Debts eta ilia underalprted a Notary Publle tat strollla soli Nitta per 131L1111I1 O ev�ijIi1fA`lt eonwlytel woe Hoag Ranni �F� a tfB�OC aid s 1 CMiLtltan of the Fiecit_velogtit:rat Agdxy dLlerk pnattraft kratrafri to flea (a proved to me on the EuW of satisfactory OIFiCIAL SE/1 r edeatttc) to be 1N penorytq whose roamer,&) niA aboabed to the 81T7E IIAiIILLA w1tMn hsuvansrd end _ t0 1 S led rni ets 1taVa uteeuta0 ad'�wtedp . : 0011� we &lama OIV11rGE CaU(1Y NY rwllrn. EAt. h1.1.11fA ,,a YYTTN�CSmyhanda+doffk9ul"a'ea�l . • � , r, I n •. ,+...'.,�," / `.!, .` t1., ,•.,t cM }..; ,; :�!_• Cr. y,,'.r 1��1 ::'.)'ttr f/i, ,> tt/ ,. J a l j+ S _ ! f✓'fi 42R.'+' i 'I � ,.., Y, 't. r F. y„r i .5 [! jYAII l ills 'tat !'' rj•`'i.f 1 ;ir1 i� l Lt, j 1 r.' ;�! j{ l t } 1 ! 1 , ' C� ,'�. i r, r yt - t! , t,! `,f,l r t ;1 :tt n� a ! tety; S..a�:l� .�r ZJJ 2,. 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(., eln f ` ; ;1,t/ — , ti r . .,I.y • ''. r'�r` d, 5 LECAL DESCRIPTION 1 PARCEL I, r; LOTS,4. 5 AND 6 INA BLOCK 104 OF HUNTINGTON BEACH,.AS SHOWN ON A MAP RECORDED IN BOOK 3, PAGE 36 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE, CCUNT'Y, t CALIFORNIA. ` 1 PARCEL 21 >� , THE NORTHEASTERLY 371..11/2 . FEET. OF T11AT, PORTIONOF OCEAN A VEt?UB, 100 :FEET WIDE, LYING BETWEEN .THE SGMHVPS'3'ERLY PROLONGATION OF THE SOUTHEASTERLY LINE OF LOT 4 AND THE SOUTHWESTERLY PROIANCATIoN OF "E NORTHWESTERLY LINE OF LOT 6;IN BLOCK 104, ALL AS SHOWN ON THE HAP OF HUNTINGTON BEACH RECORDED IN BOOK 3, PACE 36 OF HISCELIANEGUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA- RCEL 31 .,' THE SOUTHWESTERLY 1Z-1/1 FEET of THAT PORTION{oF THE'NOR`114WTEfi ONFr11ALF'OP: OCEAN`AVENUE,: 300 CEET' WIDE, LYING BETWEEN THELSOUTHWESTERLY PROLONOATION OF , f THE,', SOUTHEASTERLY LINE OF LOT 4 AND` THE SOUIHWESTERLY PROLONGATION OF THE NORTHWESTERLY LINE' OF LOT G, IN BLOCK 104, ALL AS SHOWN ON THE MAP OF MUNTINGT'ON ; BEACH - REMRDED IN BOOK 3, PACE 36 OF MISCELLANEOUS NAPS, RECORDS, OF, • ORANGE COUNTY, CALIFORNIA. t - :f • • U EXHBIT "A" ., 1 Irl•r.r \ r it at, t./r{ 3� .�f`itsll rrt'`r t�.rif S.'1{c 4•f �';.j?t ,jt ' � t i 1( t r j4 fCa1),,� k4lt j�17t lstr r.' t f �1 •I1 .)( 51<L/ i iO t�4S.; r <Arfir, .F� r , ' �� Rl:ji t!!t. r ,.�' , :,i .�ti !+r ti., ti�rr {e}Fy�s •[!'1f t Fri ,.J, ' � � A 1. y >•{�({ �,'' �:� 41,%;� ;.� j .� ,�; 6 t4; � t r 't♦ iqq r t ,} i t Ya � C�} i�. �' f f. y� , S > it _it n r, i :;•4J1-r, ,,..1t :r! 1 I,)Jrt 1 1 , 1,: t 11n ,t ,l,.�s,i't!iS '�i} 4/t•i J'�6. t� �� �K '' i 'dGi/ ia,/jq e�;�al l�.IJ�, r ,•. , 1 t a', r S•> 1 , P a, t�l. r�'1 r �/ fie'. 7 1 ° i r: t�1 fr t 1;:l.,,j ty, ,I -Ilk lj�. ; ! 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'.l �.,Yra 1 r1.r r 11 rif; i! r} rr .� +Ct, r .,/. 1 r•' n j'�r L?1_'F'� jr;l' 7j "!^�.�", r It �•�.i 41 ,=/ i rr 11 `.i}' 1„ , tt R, (r �+. i 1 ;r " �VYj.':'•lr r• a' w. ♦,�,�.'.,Y ' fc ^.; + �.. �ej 15ry� �� r � i w{I�b r`a • ,,� L � } r i�,�l r i:7iY L' r '' �)} f ricy'S St � ���� .j4n+f rlh � rr '^L t 1�4 i'!•:i t f i , �ri 1 J r241 S fA ��11 �.,Ti: .. a' ' ,yv 14''1'�i r, ix+�+fir l�'�Z-�`y�r��i�i�. ki~`/j- � � sl t+ f'•+yrx � Ar)�r✓ � r J � Y� t . �;',•( ` 1 ,(.) r '`.�' r• ;Ij„1i �•�F"= ��e M ,A 4 j(�.l I� ♦ ' )'tC .f 1 � I � f t � ,' ( r �{ 1 i .' / �ir'. �f �rrfo • it 4s6;1lr e+5 ' is"t: t i r Iji Y "! .rY •• ; 1 a .i` i � .�' ✓ ' r 1,({•.rr +! tl+ � s,t+, rY•' F � i r "•,1 : At 1+ 1` � ('' r •., r;(ek 1*r � (rJf•'/�y�V1�%1t�,�. - '�, r +�'I + •�}� �t�� � {�i� ,i r� �_:'� �{J r7 " )'t1 t• 1 '?' n'i' ' 1 fJv:. J}S i:� «%�� �.., y,•., r ``:t Lrertli +�4{(� � Il 1t +r�f."-C''7'� �i ;, f' � i f .;• iy •.r rw r �,� r fltti[(i �.SM. �yt ,y t Y • 'i � ti, i � 1:' r r r ,, j t M J I ♦ rl . f •Y, {.L,•jC { 7�t.. ri+ L rfr� rt'4wt17 'd' Is.Xl. t'r'{Y! '{ YI( t '.e �,�rJ r}��•�''� ''� :1���it 1�1�):• p ..t.Sa<i4 �� yy' t>. '' ,:�..t �*y���.�T".f 7�4 A`♦ •♦ r J�r xx �, y'. 1,; rrJI . 1! ,� i+!' "t �,'Zf t rl'r,C.i�=�''Y✓ ;l..Y .�� CITV73F 1•iLJN TINGTON BEACH 2000 MAIN STREET , CALIFORNIA 92848 + OFFICE OF THE CITY CLEnK r t l ' March 22, 1989 y Jack'Gosney 6 Marilyn Gosney P:01".1 Sox 2.3 Rancho Senta'Fe,-CA 92067-0023 The'City. Council of the City of Huntington, Beach` at''the �.. _ regulFtr;, meeting held March 21-; 1989, approved agreement., r for�.`sal a of-, property, AP 024-153-12,.,between ' the' Huntii .dg- 'r ton,Beach Redevelopment Agency and Jack Leonard Gosney and Marilyn F. Gosney. Encl*used is an e'xcuted copy of the agreement for your records: Connie Brockway, CMC City Clerk ± CBrpm r, Enclosure 71 �. (reisphons:71"30.520) t i+ t { 1:. rr ; Ji/' �,yy r�i� 1�y o�� j i,}�,7,t{•�•`� !' �!! rl4t•'' �� 7 i�:f f1 1 �it�}1��Y�`� t`sv 7crisk` f ti y'` Yjif, i .., i,� yy lg{` '�•• ' ., 1�'li3 ), ,. rf i ! r i .., rl. 7( ,r er jr >`y S1; +{L}�r r•i7 i '1 t r 2 j4, ♦rw 1 !-t.� y;' , 1 �• , }4N .,Y. it�r , i• t . j 7;. tY tt L 'f. /, .• (. Y. 1 r 1 r; L, )' S f + i Y y�yf r 3y: Ii ,:!,.� Ly i�Y,Y.,lt + 1 A i� ,'k ,r 1� rr i 4" r �. � t!" r� r �.Yl �(•if 1 t� lnl{ �4T i l::' ��,'' ;� 1 ?� .•. t�i :ii �ti 1 ✓Jt ?. f 1 7J f �i J r, J Y. r ,i: , r1�i d z ���iy I j;! i� f�u3. r �,. JSt 47/,/.y r1-„�tir,�f t)j.i+. J rr ��`i y1��. •, , ,r� i� ', .� �/,,1Y Yr 1 ;ti,rt iti'Fr"7 { }r..� +;.Ir y �� Cry,• ia��T.,y ;� �) Y1 11 •Y (' c .,+ +il J 1 f ','.' .7J :. 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' � h w,• �L � . - trl�• k a t , �. _ �1 a r'r•i 1 � - k r : t}l.rt r r,1 r _" $ .1,.r t i t ;i t �+ �+ •-'; r�, .il/ 'lf+ yk`,f,a.y.- , „•4 � )� .�� I�;� i / , rl' fir ` r '�� � �'��, ty{rT%)r/ ^ • f rr� :l i i�,! �ir)) 11�•� 1l� I f l� /L , •,r 1"rtc�fi'�• X �ol t tg,(L � Z' r11r ' �i K r'1• y t, , ra�f j!• Z • ^ilil�,:i'��` ! }� �1`iL j�r•,)�;;�4 11'ri. 7r '��. � 4}, :I,f 4/ ! r, t ;f itr:, :i', i'l-;}�'cif��:ti ;' !Z' .'i,;" f� �,rr',,y -P =�✓tiff: k,�a-,.t,l,q>,: l;f. ,,' !� r rt ' REQUESTJ REDEVELPPIAENT ENCY ACTIN 1 . �ftoyzb aY CITY COUNIUM RH >;9-26 r'a0 1l.i.L Date as cc, , �' "• •%Wbmitted to: Honorable Chairman and Redevelopment Agency Members x Submitted hy: Paul Cook, Executive Director Q Pr spar ed b Dou las La Belle, Deputy City Administrator/Economic Develo en y' g Subject AUTHORIZE -fHE `ACQULSmON AND APPROVE THE CONTRA OF SALE • se FOR APN 024-153-12 (GOSNE ; New Policy or Exception PROPERTY) Comistent with Council Policy?,, D4 Y StNtement of Isiue, pecammsndation, Analysis, Funding Source, Alternative Actions, Attachments: STATEMENT OF ME: ualy1adoptedRfN58 on ,,The Redevelopment Agency,previa1 September; 6; 1988, .wlth regard to the property located at 409-=410 Pacific:Coast Highway (APN 44-153�12), Negotiations between our acquisition consultant and the property owner have'continued since 'the.adoptlon of that resolution and the attached Contract of Sale provides for the acquisition of this property by the Agency. Authors a the acquisition of the property avtned by Jack • Lr and Marilyn F., Gosney, (APN 024=153 42), and authorize'the Chairman and Agency Clerk to execute said contract. •;. '`q�jr i1• 11,E"'f r , ,r«K rr�. I1 J f W irl ,'•�'f f.,...s.� r } ✓¢.tf 1Yl7-}`1'"'rAl•1 `•J:\}. At,your meeting of September''6, 1988, it" s youn,action to adopjt-Agency Resolution of Necesai 'Pto: 158'v�iith regard'to�the`property,located at"408 410,:.Pacific;�oast Highway (Ganey)� 5utsequent,to.the adoption of;that resolution, negatiationa tiavecoritinued:. resulting'in he recommended fiction to:acquire thetproperty�for,the negotiated-aurchase 'price:of,$1 035;00M'The terms of the purchase are $119" ae the initial monies paid which is the "first year:!s tnt6 — t , at ,11.5% The `Agency has'the rlgtit to prepay the pNncipM iif;$1',035,000.at any time upon 60 days notice `io ,the sailer. 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