AgdaPkt 2017-06-12 Joint SA PFA - Laserfiche WebLink

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(e) Once County exercises the right to purchase or right of first refusal as provided above, the obligation of County to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date of all of the following conditions, any or all of which may be waived by County in its sole and absolute discretion: (1) LifeMoves shall have delivered to County all of the items required to be delivered to County pursuant to the terms of this Agreement, including but not limited to, those provided for in Section 3(a) hereof; (2) LifeMoves shall have performed and observed, in all material respects, all covenants and agreements of this Agreement to be performed and observed by LifeMoves as of the Closing Date; and (3) Title Company shall be prepared to issue to County a CLTA owner's policy of title insurance (the "Owner's Title Policy"), together with any endorsements requested by County which title company has indicated are available, in the amount of the Purchase Price, showing fee title to the Property vested in County, subject only to the Permitted Exceptions. (f) Once County exercises the right to purchase or right of first refusal as provided hereinabove, the obligation of LifeMoves to consummate the transaction hereunder shall be subject to the fulfillment on or before the Closing Date of all of the following conditions, any or all of which may be waived by LifeMoves in its sole and absolute discretion: (1) County shall have delivered to LifeMoves all of the items required to be delivered to LifeMoves pursuant to the terms of this Agreement, including but not limited to, those provided for in Section 3(b) hereof; and (2) County shall have performed and observed, in all material respects, all covenants and agreements of this Agreement to be performed and observed by County as of the Closing Date. (g) At the close of escrow, the escrow holder shall be instructed to forward the Deed, the Assignment(s) and Assumption(s) of Affordability Agreement and Regulatory Agreement, the County City Deed of Trust and the Assignment(s) and Assumption(s) of Loan Agreement(s) to the Office of the County Recorder of San Mateo County (the “Recorder”) for recordation, and to deliver the Owner's Title Policy and all tax statements to County. Recordation of any instruments delivered to this escrow, if necessary or proper in the issuance of the Owner's Title Policy described herein, shall be authorized at the time of close. 4. Assumption of Affordability Agreement and Regulatory Agreement. As a condition precedent to LifeMoves’ obligations to close the acquisition of the Property pursuant to this Agreement, County shall assume the obligations of LifeMoves arising under the Affordability Agreement and the Regulatory REV: 06-06-17 JS ATTY/RESO.0051/CC RESO REDWOOD FAMILY HOUSE TRANSITIONAL HOUSING LOAN FORGIVENESS Page 57 of 68 6.3.B. - Page 62