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<br />Au~ 30 00 01:47p <br /> <br />650 595 3976; <br /> <br />415-685-179S <br />08/28/00 12:52; ~#462;page 7/8 <br /> <br />1-',,-, <br /> <br />Sen1 by: JACKSON BOlGARD <br />~ AacalV8d: 8/~2/ Q ,5:44: <br /> <br />",s &86 '7DQ .> ~ACK60N BOLGARD; <br /> <br />"DOCI 4 <br /> <br />415-695-1799 <br /> <br />p." <br /> <br />AI.JC 22 DO D3:53p <br /> <br />14 A -~ <br /> <br />6- <br /> <br />7. <br /> <br />8. <br /> <br />It is agreed mat the consid~rauon provided by the tenns of thi~ Agre.ement is ¡~ fun. ~tt1c~cnt of: (i) <br />any c\a1m grantor(s) have made or cou\dhave m~ in 8'?Y cnuDent do~n acUOD. mcludwg. but ~t <br />linùwd. to cLaims for the property. the leasehold anterest In the propeny.,t I:I1Y. ~~~~ f,xlur~ ~d <br />equipment in. on or related to me propettY and unrca50Dable precondcmnauon actIVIty; (11). any claIm <br />gron"'" have made or could bave - uncle< die J<elcOaÛOII1..aw (QovemmCI\t Cod< Se<bM 7260. <br />et seq.) by reason of the Agency's acquisiúon of the propctty: {iii} any claim gran~rs b~ve ~ade or <br />could have made against the Agency in connection with the carrying out of the public project an which <br />(he subject property is siLuate.d. <br /> <br />GrantOr(s) agree that possession ofth~ propcL1y sha11 be given to Agency upon the recording of <br />grantor's deed. <br /> <br />Loss or damage to the. real property or any improvementS thereon, by fire or otœr casualty. occumng <br />prior to the recordation of the Deed shan be at the risk of the S~Uer. In the event of any such 10&& or <br />damage. Agency shan have the right and option 10 cancel dús agreement or said escrow instructions, <br /> <br />9, <br /> <br />Grantor(s) repregenl. wanaJ\( and cettify under penalty of pcrjul)' mat they have authoråt)' to enter into <br />and grant the settlement. releases, etC.. h~m liven. and that they hold tiùe to the lease and the <br />leasehold improvementS, and that no document has been ¡¡i&ned by or on ~half of gramon for the <br />purpose of crea1ing any lien. encumbrance Dr security inlCl'CSL or assi¡nmenl. transfer. etc., in said <br />lease. machinCl)'. fiXNTCS and/or equipment and lor leasehold improv~nts. <br /> <br />Agency agrees to indc:mnify. defend and hold GrantOr(s) hamùess againsl and with respect to all <br />claims. demands, losses. costs, øpeases. obligations. liabilities, damages. 1'e(:oven~s and deficienciCi. <br />including interc5t. penalties, engineering consultant and attorneys' fees of a civil natuR onl)' 1bQt <br />Granror{s) shan incur or suffer which arise. result from or relate to an)' Toxic, polluLIU1t or <br />conwninant exisúng in. on Ot beneath the propcny or any improvement. or equipment on the <br />Pro~ny. <br /> <br />10. <br /> <br />11. <br /> <br />GranlOr(s) understand and ~gree that uus pW'Chasc agreement is subject 10 and conditional upon <br />approval of the Board of DIrectors of the Redevelopment Agency of the City of Redwood City <br />Redevelopment Agency. <br /> <br />Grantor(s) bereby authorize: the Agency 10 prepare and fiLe escrow insuuCtions in accordanCtS wilt! <br />thIS agreement on behalf of both parties. <br /> <br />Escrow Agent is Buihorizcd and insltUcœd to: <br /> <br />12 <br /> <br />13. <br /> <br />Expe,nd any or all monies p&,yable .under this a~r~ement to disc~ge any obligaùons wtùch <br />are: hens upon Ù\~ property, incLuding but not hmncd to those: ansing from judgm~ntS. <br />ass8sunentS. delinquent (axes for other than the fll;.cal year ref~rred to in paragraph 2. or debts <br />secured by deeds ~f oust or mongages. together WIth pcna1ty, If any. for payment in full in <br />advance of malum)'. and/or to defray any othcr incidental costs other than thos;e specified in <br />parAgraph 2 hereof to be borne by the Agency, <br /> <br />Requcst tAXCS to be cancelled as of the close of escrow. In the event taxes have been aid <br />",:"U<St refund of !he ...,ed portion of the prepaid wee, 10 tit. proper patly. In !he = ' <br />:crow closes after July 1. and before payment of the fil'&[ installment of taxes n~xt due obtain <br />e amount due from the Tax CoUectors office. based on the Latest tax figure¡ ,vailable' ana <br />hold the amount due: ,on taxcs &0 the date of close of escrow and make pay~cnt 10 ~ San <br />MateO COUJ\lY Tax CollectOr, <br /> <br />Pay Dnd chGr!c.thegrantor(5) for.any delinquenl taXes. and any penallie& and interest Ù1Creon. <br />and for any delmqu,en( or nondelinquent assessments or bonds against the property If the <br />currcm tlUtCS ~ It hen .not yet duc Md pAyable. make Ihe. paymc::ut ba:scd on th~ lul'\AX bill <br />and request & cancellauon. If the CWTent taXes are prepaid, requcsi the unearned portion of the <br /> <br />8. <br /> <br />b. <br /> <br />c. <br /> <br />PASC 2 of 3 <br />