|
<br />415-685-1799
<br />
<br />650 S9S 3976; 08/28/00 12:52; ltUAL-#462;page 7/8
<br />~1S e8& 1700 .» ~ACK60N BOLGARD¡ PØQU 4
<br />
<br />p.8
<br />
<br />nu~ 30 00 01:47p
<br />
<br />Sent by: .IACKSON BOlGARD
<br />, Aae8:1.v8d: 8/221 C 15"'4;
<br />
<br />415-605-1799
<br />
<br />p.4
<br />
<br />A~ .ï..A';3: 53p
<br />
<br />6,
<br />
<br />7.
<br />
<br />It i!õ agreed mat the considc:rAÚOn provided by the: ~s of ùù~ Agreement is ;~ full. sctûc!Dent of: (i)
<br />any claim grantor(s) havc made or could have m~ m a~y enunent do~n acuon, mcloomg, but ~
<br />linùu:å. to claims for en. property. the leasehold m~' an the propet1Y, ,f ~y, ~c~~ flxtUl~ ~d
<br />equipment in. on or related to the propertY and unrca50oablc precon~mnatJon actIVIty: (11). any claIm
<br />grantDl$ have made or could have made under me Relocation Law (Government Code SeeUon 7260,
<br />et seq.) by reason of the Agency's acquisition of the propef1Y; (m) any cllUm grantOrs h~ve ~ade ~r
<br />could have made against the Agency in connection wilh the carrying out of the public project an whIch
<br />the subject proper1Y is situated.
<br />
<br />GrantOr(s) agree that possession ofth~ propg1Y shall be givcn to Agency upon the recording of
<br />gJ1U\lor's deed.
<br />
<br />Loss or damage to the rea) propef1yor any improvements thereon. by fire or other casualty. oaurring
<br />prior to the: recordation of the Peed shan be ~t the risk of ~ Seller. In the ev~nt of any such t~S& or
<br />damage. Agency shan have the right and opIJon ID cancellhis agreement or said escrow mstruCUOn&.
<br />
<br />~,
<br />
<br />9
<br />
<br />Granlor(s) repreaòent, warrant and cenify under penalty of perjury mat they have authority to en~r miD
<br />and grant the settlement, releases, C1C" he.rc:in ¡iVCD. and that they hold title to me lease and the
<br />leasehold improvementS, and that no document has been $i&ned by or on behalf of gran,on; for the
<br />purpose of cre81Íng any \ten. encumbrance or security interest, or assi¡nmenl, transfer. etc., in said
<br />lease. machinery. fiXNteS and/or equipment and lor Jeuchold improve.tUnts.
<br />
<br />Agency agrees to indemnify, defend and hold GranlOr(s) hamùess against and with respect to all
<br />claims, demands, tosses, oosts, eJtpeoses, obligations, liabilities, damages, recoveries and deficìcncjC6,
<br />including interc5t. penalties. engineering consultant and auomeys' fees of a d\li' nature onl)' that
<br />GranlCr(!') shaH incur or suffer which arise, result from or relate to aPy Toxic, polluW\t or
<br />contaminant existing in, on 01 beneath the prope11Y or any improvement, or equipment on the
<br />Property.
<br />
<br />10.
<br />
<br />11
<br />
<br />Grantor(s) understand and agree that this purcha5c agrccment is subject to and condiúonal upon
<br />approval of the Board of Directors of the Redevelopment Agency of the City of Redwood City
<br />Rcdevelopme'lu Agency.
<br />
<br />Grantor(s) hereby authorize: the Agency &0 prepare and file escrow insuuCÚons in accordanCtS wiltJ
<br />thiS agreement on behalf of both parties.
<br />
<br />Escrow Agent is aulhorizcd and instJUcted to:
<br />
<br />12
<br />
<br />13,
<br />
<br />Expé,nd any or all monies pi,yable ,under this a~reement to discharge any ob1igations wNch
<br />art: hens upon Ù\~ propeny, including but not hmi1cd 10 those arising from judgments,
<br />assessmentS, delInquent tues for other than the fi5.Cal year referred to in paragraph 2, or debts
<br />secured by deeds ~f oust or mongages. together WIth penalty, if any, for payment in futl in
<br />advance of malum)', Andlor \0 defray any other incidental costs other than those specified in
<br />pwugraph 2 hereof to be borne by the Agency.
<br />
<br />Requc&t ~es to be cancelled as of the close of escrow. In the event taxes have been aid
<br />'",'lues' ,ofund of"'" ...sod podiOll of ,he prepaid ..,... 10 "'" proper party. In !he = .
<br />eIK.'I'OW closes after July 1. and before payment of the fil'Gt installment of ~es next due obtain
<br />the amount due from the Tax Collector's office, based on the latest tax figure' available' amt
<br />hold the amount due .on taxes 10 the dale of close of escrow and make paY(1'lCt¡t to Ehe San
<br />MateO County Tax Collector.
<br />
<br />Pay and c;hGrßc,u.e grantor(s) for.any delinquent lUes, and any penalties and interest thereon.
<br />and for any dehnqu,ent or nondelinquent assessmen(s or bonds against the propeny If the
<br />current taXcs ~ IS hcm ,not YCI duo and pAyable, make me: pA)mc;ut bucd on the: la:õl 'lAX bin
<br />and request & cancel1auon. If the current taXes ace prepaid. request the unearned porúon of the
<br />
<br />&,
<br />
<br />b.
<br />
<br />c.
<br />
<br />PA8C Z of 3
<br />
|