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Property Address: � � � '��x��.�. :��� `���"� ,��.-�V�1��.� �- �:s � Date:_��� � r g -� .
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<br /> 1Q. .REPAIRS: Repairs shall be corrtpleted prior to final �erificaiion of condition unfess otherwise agreed in writing. Rep irs t��
<br /> ° p�rformed at Seller's expense may be performed by Selisr or through others,provided that the work eorrsplies with appli�w� �
<br /> including governmental perrnit, inspection and approval requirements. Repairs shall be performed in a good, skillfu! manner with
<br /> materia[s of quality and appearance comparable to exis6ng materials.lt is understood that exact restoration of appearance or cosmetic
<br /> items following all Repairs may not be possible. SeBer sha11:{t)obtain receipts for Repairs performed by others;(ii}prepare a written
<br /> statement indicating#he Repairs performed by Seller and the date of such Repa�rs;and(iii)provide Copies of rece�p#s and statements
<br /> "'�'�.� to Buyer prior to final verification of�ndition.
<br /> '�;Y�1. SUYER 1NQEMNIT'Y AND SELLER PR�TECTION FOR EN7RY UPON PR�PERTY: Buyer shall: (i) keep the Proper#y free and
<br /> clear of liens;(!t)Repair ail damage arising from Buyer Investigations;and{iii)indemnify and haEd 5eller harmless from all res�lting
<br /> liability, claims, demands, aamages �nd casts. 8uyer shall carry, or Buyer shall require anyone acting an Suyer's behal'to carry,
<br /> policies-of liability,workers'compensation and other applicabfe insurance,defendir►g and protecting Seller from liability for any injuries
<br /> to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction pnor to Close Of
<br /> Escrow. Seiler is advised that certain protections may be afforded Seller by recording a"I�otice of Non-responsibility"{C.A.R. Form
<br /> NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations under this paragraph shal!
<br /> sun+ive the termination of this Agreement.
<br /> 12. TITLE AND VESTING:
<br /> A. Within#he time specified in paragraph i4, Beayer sha{I be provlded a eurrent preliminary(titls) report, which is only an offer by
<br /> the title insurer to issue a policy of t�tle�nsurance and may not contain every item afFecting tltl�.Buyer's review flf the preliminary
<br /> report and any other matters which may affect title are a contingency of this Agreement as specified in para�raph 14B.
<br /> B. Title is taken in its present condi�ion sub�ect to alf encumbrances, easements, covenants, conditions, restnctions, rights and � .
<br /> other matters, whether of record or not, as af the date of Acceptance except: (i) rrtonefiary liens of record un!ess Buyer is
<br /> assuming those obligations or taking the Property subject to those abligations; and(ii)those matters which Seller has agreed
<br /> ta remove in writing.
<br /> C. WitMin the time specrfied in paragraph 14A, Seller has a duty to disc4ose to Buyer all matters known to Setlar affecting title,
<br /> whe#her of record or nat.
<br /> D. At Close Of Escrow, Buyer shall receive a grant deed conveying title (or, for stock cooperative or long-term lease, an
<br /> assignment of siocK certifiicate or of ��iier�S i�2S£I��Did i11IBf"ESt�, including oil, mineral and water rights if currently cwnad by
<br /> Seller. Title shall vest as designated in Buye�'s suppfementai escrow instruct►ons. THE MANiVER OF TAKING 71TLE MAY
<br /> HAVE SIGNIFICANT I.EGAL AND TAX CONSEC�UENCES. CONSULT AN APPROPRIATE PROFESSIONAL.
<br /> E. Buyer shall receive a CLTA/ALTA Homeowner's Policy of Title Insurance. A title company, at Buyer's request, can provide
<br /> information about the availability, desirabiiity, coverage, and cost af various title insurance coverages and endorsements. if
<br /> Buyer desires title coverage other than that required by this paragraph, Buyer shall instruct Escrow Holder in writing and pay -
<br /> any increase in cost.
<br /> 13. SALE OF BUYER'S PROPERTY: '
<br /> A. This Agreement is NOT contingent upon the sa4e of any properry awned by Buyer.
<br /> dR B. C (If checked):The attached addendum (C.A.R. Form COP) regarding the contingency for the sale af property owned by
<br /> Buyer is incorporated into this Agreement.
<br /> 14. TIAAE PER{ODS; REMOVAL OF COh[TtNGENCiES; CANCELLA'I'ION RIGHTS: The folfowir�g time periods may anly be
<br /> extended,altered,modified or changed by mutual written agreement. Any removal af cantingencies or cancellation under
<br /> •F�""��:. this paragraph must be in wrtting(C.Q.R. Form CR).
<br /> �� � A. SELLER HAS: 7(or❑ _� Days A##er Acceptance to deliver to Buyer all reports, disclosures and information for which
<br /> '"=�°"� Seller is responsible under paragraphs 4,5A and B, 6A, 7B and 12.
<br /> B. (i)BUYER tiAS:'f7(ar� <�)Days After Acceptance, unless otherwise agreed in writing,to:
<br /> (ij complete all Buyer Investigations;approve all disclosures,reports and other applicable informa#ion,which Buyer receives
<br /> from Seller;and approve all ma#ers affecting the Property(including lead-based paint and lead-based paint hazards as well
<br /> as ather information specifisd in paragraph 5 and insurability of Buyer and the Property);and
<br /> (i�reium to Seller Signed Copies of Statutory and Lead Disclosures delivered by Seller in accordance with paragraph 5A.
<br /> (2)Within the time specified In 148(1}, Buyer may request that Seller make repairs or take any other action regarding the
<br /> Property(C.A.Ft. Form RR}.Seller has no obligation to agree to or respond ta Buyer's requests.
<br /> (3)By the end of the time specified in 14B(1)(or 21 fior laan condingency or 2J for appraisal contingency), Buyer shall,in writing,
<br /> remove the applicable contingency (C.A.R. Form CR) or cancel this Agreement. However, if {I) govemment-tnandated
<br /> inspectians/reports required as a cond+tion of ciosing; or(ii) Cornmon Interest Disc(osures pursuant ta paragraph 66 are
<br /> not made within the time specified in 14A,then Buyer has 5(or�_)Days After receipt of any such items,or the time
<br /> speeified in 14B(1),whichever is later, to remove the applicable contingency or cancel this Agreement in writing.
<br /> C. CONTINURTi8i3 OF CONTIEVGENCY OR COI�TRACTI;AL CfBL1G��ION; SELL�R RIGkT T� CANCEL:
<br /> (i)Seiier right to Cancel; Bayer CoRtingencies: Seller, after first giving Buyer a Notice ta Buyer to Perfiorm (as specified
<br /> below), may cancel this Agreement in writing and authorize retum of Buysr's deposit if, by the time specified in this
<br /> Agreement,Buyer does na#remove in writing the applicable con#ingency or cancel this Agreement. Once all contingencies
<br /> have been removed,failure of either Buyer or Seller ta close escrow on time may be a breach of this Agreemeni.
<br /> (2)Cantinuatian af Contingency: Even after the expiration of the time specified in 14B,Suyer retains the right to make requesis
<br /> to Sellsr, remove in writing the applicable contingency or canceE this Agreement until Setler cancels pu�suant to 14C(1}.Once
<br /> 5eller recei�es Buyer's written removal of all contingencies,Se11er may not cancel this Agreernent pursuant to 14C(1}.
<br /> {3) Se[Ier right ta Cancel; Buyer Contract Obligations: Selier, after first giving Buyer a iVotice to 8uyer to Perform (as
<br /> specified below), may cancel this Agreement in writing and authorize retum of Buyer's deposiE for any o# the following
<br /> reasons: (i) if Buyer fai�s to deposit funds as required by 2A or 28; (ii)'rf the funds deposlted pursuant to 2A or 2B are not
<br /> good when deposited; (iii) if Buyer faiis#o provide a letter as required by 2G; (iv) ii Buyer fa�ls ta provide verification as
<br /> required by 2Fi or 2L;(v)if Seller reasonably disapproves of the verification provided by 2H or 2L;(vi)if Buyer fails to retum
<br /> Statutory and Lead Disclosures as required by paragraph 5A(2);or(viI)if Buyer faifs to sign or initial a separate liquidafed
<br /> damage form for an increased deposit as required by paragraph 16. Selle� is not required to give Buyer a Notice to
<br /> Perform regarding Glose of Escrow.
<br /> (4)Notice To Buyer To Perform:The Notice to Buyer to Perform (C.A.R, Form NBP) shalf:(i}be in writing;(if)be signed by
<br /> ::.,,,�,� Seller;and(iii)gNe 8uyer at least 24(or L )hours{or until the time specified in the applicable paragraph,whichever
<br /> �� g occurs fast)to take the applicabie action.A Notice to Suyer to Perform may not be given a e lier than 2 Days Prior to the
<br /> tl} �n
<br /> expiratian of the appiicable time for Buyer to remove a contingency or cancel this Agre���r mest a 14C(3) obligation.
<br /> "° Buyer's Initials�`�. ? � )(, 1
<br /> Seller's initials ( 1(�_1 �
<br /> Copyright�1991-2dQ4,CALIFORPIIA ASSOClATEON OF REALTORS�,INC.
<br /> RPA-CA REVESED 10/02 (PAGE 4 OF 8} Reviewed by Dafe o��.
<br /> B�lYE€�'S CJPY
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