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_FORM RPI 4k C A L I I O R N I A CALIFORNIA ASSOCIATION RESIDENTIAL PURCHASE AGREEMENT .90- Or RrAL ORS6 AND JOINT ESCROW INSTRUCTIONS (C.A.R. Form RPA, Revised 12118) 1 Date Prepared: 9/7/202 1. OFFER: A. THIS IS AN OFFER FROM City of Redwood City ("Buyer"). B. THE REAL PROPERTY to be acquired is 1231 Warrg n ret Unik 105 situated in _Red'" --aa Uy (City),San Mateo (Cot.*),Caftrtka,940Q _( Codej,AwessVsparceiNo. 113-33 - (ProperNi- C. THE PURCHASE PRICE offered is Three Hiicdriad Swyw ter ON e Ihotisa��d 5 Dollars $ 371 28A nf) D. CLOSE OF ESCROW shall occur on _1 Q -'(r7-20?. _1 _— - _ (date)(or Days After Acceptance). E. Buyer and Salter are referred to herein as the "Parties." Brokers are not Parties to this Agreement. 2. AGENCY- A. DISCLOSURE: The Parties each ay. receipt of a lig"Disclosure Regardi�P-7.cy Relationships" (C.A.R. Form AD). B. CONFIRMATION: The following agency re a . -a confirmed for this tra Seller's Brokerage Firm License Number _ Is the broker of (check one): El the seller; or both thr sellp, �t} Seller's Agent License Number Is (check one): C. the Seller's Agent. (salesperson or broker Ili the Buyer's and Seder's Agent. (dual agent) Buyer's Brokerage Firm License Number Is the broker of (check one): ❑ the buyer; orL , er and seller. (due. Buyer's Agent License Number Is (check one): ❑ the Buyer's Agent nor broker associate) ❑ both the �{ Seller's Agent. (dual agent) C. POTENTIALLY COMPETING 6U'' a SELLERS: The Parties each acknowledge Wrem "Possible Representation of More than One Buyer or Seller - Dis sure and Consent" (C.A.R. Form PRBS). 3. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. A. INITIAL DEPOSIT: Deposit shall be in the amount of ........................................ 0 (1) Buyer Direct Deposit: Buyer shall deliver deposit directly to Escrow Holder by electronic funds transfer, ❑ cashier's check, ❑ personal check, ❑ other within 3 business days after Acceptance (or ); OR (2) ❑ Buyer Deposit with Agent: Buyer has given the deposit by personal check (or ) to the agent submitting the offer (or to ), made payable to . The deposit shall be held uncashed until Acceptance and then deposited with Escrow Holder within 3 business days after Acceptance (or ). Deposit checks given to agent shall be an original signed check and not a copy. (Note: Initial and increased deposits checks received by agent shall be recorded in Broker's trust fund log.) B. INCREASED DEPOSIT: Buyer shall deposit with Escrow Holder an increased deposit in the amount of .........$ 0 within Days After Acceptance (or ). If the Parties agree to liquidated damages in this Agreement, they also agree to incorporate the increased deposit into the liquidated damages amount In a separate liquidated damages clause (C.A.R. Farm RID) at the time the increased deposft is delivered to Escrow Holder, C. IJ ALL CASH OFFER: No loan is needed to purchase the Property. This offer Is NOT contingent on Buyer obtaining a loan. Written verification of sufficient funds to close this transaction IS ATTACHED to this offer or o Buyer shall, within 3 (or ) Days After Acceptance, Deliver to Seller such verification. - D. LOAN(S): (1) FIRST LOAN: in the amount of..................................................................................................................$ This loan will be conventional financing OR O FHA, VA, ❑ Seiler financing (C.A.R. Form SFA), 0 assumed financing (C.A.R, Form AFA), ❑ Other . This loan shall be at a fixed rate not to exceed % or, ❑ an adjustable rate loan with Initial rate not to exceed %. Regardless of the type of loan, Buyer shall pay points not to exceed % of the loan amount. (2) D SECOND LOAN in the amount of...........................................................................................................$ This loan will be conventional financing OR ❑ Seller financing (C.A.R. Form SFA), LO assumed financing (C.A.R. Form AFA), 0 Other . This loan shall be at a fixed rate not to exceed % or, ❑ an adjustable rate loan with initial rate not to exceed %. Regardless of the type of loan, Buyer shall pay points not to exceed % of the loan amount. (3) FHAJVA: For any PHA or VA loan specified in 3D(1), Buyer has 17 (or _) Days After Acceptance to Delver to Seiler written notice (C.A.R. Form FVA) of any lender -required repairs or costs that Buyer requests Seller to pay for or otherwise correct. Seiler has no obligation to pay or satisfy lender req ulrements unless agreed In writing. A FHANA amendatory clause (C.A.R. Form FVAC) shall be a part of this Agreement. E. ADDITIONAL FINANCING TERMS: F. BALANCE OF DOWN PAYMENT OR PURCHASE PRICE in the amount of ................................................... $ 0 to be deposited with Escrow Holder pursuant to Escrow Holder instructions,,371,780.00 G. PURCHASE PRICE (TOTAL):................................. ""."""'"' Buyer's Initials(-_ It _1 Seller's Initials © 2018, California As50CIMIlon of REALTORS®, Inc. orronru RPA REVISED 12/18 (PAGE 1 OF 10) Print Date CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA PAGE 1 OF 10) MACTFR r`.nPV