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Property Address: 1231 Warren St., #10 #Qdwood City Date: 9/7/2021
<br />to Buyer all Cf Disclosures received from the HOA and any Cl Disclosures in Seller's possession. Buyer's approval of Cl
<br />Disclosures is a contingency of this Agreement as specified in paragraph 14B(3). The Party specified in paragraph 7, as
<br />directed byy escrow, shall deposit funds into escrow or direct to 110A or management company to pay for any of the above.
<br />11. CONDITION V PROPERTY: Unless otherwise agreed in writing: (1) the Property is sold (a) "AS -1S" in its PRESENT
<br />physical condition as of the date of Acceptance and (b) subject to Buyer's Investigation rights; (II) the Property, including pool, spa,
<br />landscaping and grounds, Is to be maintained in substantially the same condition as on the date of Acceptance; and (iii) all debris
<br />and personal property not included in the sale shall be removed by Close Of Escrow.
<br />A. Seller shall, within the time specified in paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the
<br />Property, including known insurance claims within the past five years, and make any and all other disclosures required by law.
<br />B. Buyer has the right to conduct Buyer Investigations of the Property and, as spevliied in paragraph t 4B, based upon information
<br />discovered in those investigations: (1) cancel this Agreement; or (if) request that Seller make Repairs or take other action.
<br />C. Buyer is strongly advised to conduct investigations of the entire Property in order to determine its present condition.
<br />Seller may not be aware of all defects affecting the Property or ❑therfactors that Buyer considers important. Property
<br />improvements may not be built according to code, in compliance with current Law, or have had permits issued.
<br />12. BUYER'S INVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY:
<br />A. Buyer's acceptance of the condition of, and any other matter affecting the Property, is a contingency of this Agreement as
<br />specified in this paragraph and paragraph 14B. Within the time specified in paragraph 148(1), Buyer shall have the right, at
<br />Buyer's expense unless otherwise agreed, to conduct inspections, investigations, tests, surveys and other studies ("Buyer
<br />Investigations"), including, but not limited to: (1) a general physical inspection; (ii) an inspection specifically for wood destroying
<br />pests and organisms. Any inspection for wood destroying pests and organisms shall be prepared by a registered Structural
<br />Pest Control company; shall cover the main building and attached structures; may cover detached structures; shall NOT include
<br />water tests of shower pans on upper level units unless the owners of property below the shower consent; shall NOT include roof
<br />coverings; and, if the Property is a unit in a condominium or other common interest subdivislon, the inspection shall include only
<br />Ilie separate interest and any exclusive -use areas being transferred, and shall NOT include common areas; and shall include a
<br />report ("Pest Control Report") showing the findings of the company which shall be separated into sections for evident infestation
<br />or infections (Section 1) and for conditions Ilkely to lead to infestation or infection (Section 2); (til) inspect for lead-based paint
<br />and other lead-based paint hazards; (iv) satlsfy Buyer as to any matter specified in the attached Buyer's Inspection Advisory
<br />(C.A.R. Form BIA); (v) review the registered sex offender database; (vi) confirm the insurability of Buyer and the Property
<br />including the availability and cost of flood and fire insurance; and (vii) review and seek approval of leases that may need to be
<br />assumed by Buyer. Without Seller's prior written consent, Buyer shall neither make nor cause to be made: invasive or destructive
<br />Buyer investigations, except for minimally invasive testing required to prepare a Pest Control Report; or inspections by any
<br />governmentai building or zoning inspector or government employee, unless required by Law.
<br />B. Seller shall make the Property available for all Buyer Investigations. Buyer shall (1) as specified in paragraph 14B, complete
<br />Buyer Investigations and either remove the contingency or cancel this Agreement, and (ii) give Seller, at no cost, complete
<br />Copies of all such Investigation: reports obtained by Buyer, which obligation shall survive the termination of this Agreement.
<br />C. Seller shall have water, gas, electricity and all operable pilot lights on for Buyer's Investigations and through the date possession
<br />is made available to Buyer.
<br />D. Buyer indemnity and seller protection for entry upon property: Buyer shall; (i) keep the Property free and clear of liens;
<br />(if) repair at[ damage arising from Buyer Investigations; and (iii) indemnify and hold Seller Harmless from all resulting liability,
<br />claims, demands, damages and costs. Buyer shall carry, or Buyer shall require anyone acting on Buyer's behalf to carry, policies
<br />of liability, workers' compensation and other applicable insurance, defending and protecting Seller from liability for any injuries to
<br />persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of
<br />Escrow. Seller is advised that certain protections may be afforded Seller by recording a "Notice of Non -Responsibility" (C.A.R.
<br />Form NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations under this paragraph
<br />shall survive the termination of this Agreement,
<br />13. TITLE AND VESTING:
<br />A. Within the time specified in paragraph 14, Buyer shall be provided a current preliminary tltie report ("Preliminary Report"). The
<br />Preliminary Report is only an offer by the title insurer to issue a policy of title insurance and may not contain every Item affecting
<br />title. Buyer's review of the Prellminary Report and any other matters which may affect title are a contingency of this Agreement as
<br />specified in paragraph 14B. The company providing the Preliminary Report shall, prior to issuing a Preliminary Report, conduct
<br />a search of the General Index for all Sellers except hanks or other institutional lenders selling properties they acquired through
<br />foreclosure (REOs), corporations, and government entities. Seller shall within 7 Days After Acceptance, give Escrow Holder a
<br />completed Statement of information.
<br />B. Title is taken in its present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other
<br />matters, whether of record or not, as of the date of Acceptance except for. (1) monetary liens of record (which Seller is obligated
<br />to pay off) unless Buyer is assuming those obligations or taking the Property subject to those obligations; and (ii) those matters
<br />which Seller has agreed to remove in writing.
<br />C. Within the time specified in paragraph 14A, Seller has a duty to disclose to Buyer all matters known to Seller affecting title,
<br />whether of record or not.
<br />D. At Close Of Escrow, Buyer shall receive a grant deed conveying title (or, for stock cooperative or long-term lease, an assignment
<br />of stock certificate or of Seller's leasehold interest), including oil, mineral and water rights if currently owned by Seiler. Title shall
<br />vest -as designated in Buyer's supplemental escrow instructions. THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT
<br />LEGALAND TAX CONSEQUENCES. CONSULTAN APPROPRIATE PROFESSIONAL.
<br />E. Buyer shall receive a CLTAIALTA "Homeowner's Policy of Title Insurance", if applicable to the type of property and buyer. If not,
<br />Escrow Holder shall notify Buyer. A title company can provide information about the availability, coverage, and cost of other title
<br />policies and endorsements. If the Homeowner's Pollcy is not available, Buyer shall choose another policy, instruct Escrow Holder
<br />in writing and shalt pay any increase in cost.
<br />14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be
<br />extended, altered, modified or changed by mutual written agreement. Any removal of contingencies or cancellation under
<br />this paragraph by either Buyer or Seller must be exercised in good faith and in writing (C.A.R. Form CR or CC).
<br />A. SELLER HAS: 7 (or —) Days After Acceptance to Deliver to Buyer all Reports, disclosures and information for which Seller
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<br />RPA REVISED 12/18 (PAGE 5 OF 10)
<br />CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA PAGE 5 OF 10)
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