Agmt22 1231 Warren St. Purchase Agreement

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RPA 12/21 (PAGE 4 OF 16) 4. PROPERTY ADDENDA AND ADVISORIES: (check all that apply)A. PROPERTY TYPE ADDENDA: This Agreement is subject to the terms contained in the Addenda checked below: n Probate Agreement Purchase Addendum (C.A.R. Form PA-PA) n Manufactured Home Purchase Addendum (C.A.R. Form MH-PA) n Tenant Occupied Property Addendum (C.A.R. Form TOPA) (Should be checked whether current tenants will remain or not.) n Tenancy in Common Purchase Addendum (C.A.R. Form TIC-PA) n Stock Cooperative Purchase Addendum (C.A.R. Form COOP-PA) n Other ______________________________________________________________________________________________B. OTHER ADDENDA: This Agreement is subject to the terms contained in the Addenda checked below: n Addendum #______________ (C.A.R. Form ADM) n Short Sale Addendum (C.A.R. Form SSA) n Back Up Offer Addendum (C.A.R. Form BUO) n Court Confirmation Addendum (C.A.R. Form CCA) n Septic, Well, Property Monument and Propane Addendum (C.A.R. Form SWPI) n Buyer Intent to Exchange Addendum (C.A.R. Form BXA) n Seller Intent to Exchange Addendum (C.A.R. Form SXA) n Other ___________________________________________ n Other ___________________________________________C. BUYER AND SELLER ADVISORIES: (Note: All Advisories below are provided for reference purposes only and are not intended to be incorporated into this Agreement.) n Buyer’s Investigation Advisory (C.A.R. Form BIA) n Fair Housing and Discrimination Advisory (C.A.R. Form FHDA) n Wire Fraud Advisory (C.A.R. Form WFA) n Cal. Consumer Privacy Act Advisory (C.A.R. Form CCPA) (Parties may also receive a privacy disclosure from their own Agent.) n Wildfire Disaster Advisory (C.A.R. Form WFDA) n Statewide Buyer and Seller Advisory (C.A.R. Form SBSA) n Trust Advisory (C.A.R. Form TA) n Short Sale Information and Advisory (C.A.R. Form SSIA) n REO Advisory (C.A.R. Form REO) n Probate Advisory (C.A.R. Form PA) n Other: ___________________________________________ n Other ___________________________________________5. ADDITIONAL TERMS AFFECTING PURCHASE PRICE: Buyer represents that funds will be good when deposited with Escrow Holder.A. DEPOSIT:(1) INITIAL DEPOSIT: Buyer shall deliver deposit directly to Escrow Holder. If a method other than wire transfer is specified in paragraph 3D(1) and such method is unacceptable to Escrow Holder, then upon notice from Escrow Holder, delivery shall be by wire transfer.(2) INCREASED DEPOSIT: Increased deposit specified in paragraph 3D(2) is to be delivered to Escrow Holder in the same manner as the Initial Deposit. If the Parties agree to liquidated damages in this Agreement, they also agree to incorporate the increased deposit into the liquidated damages amount by signing a new liquidated damages clause (C.A.R. Form DID) at the time the increased deposit is delivered to Escrow Holder.(3) RETENTION OF DEPOSIT: Paragraph 29, if initialed by all Parties or otherwise incorporated into this Agreement, specifies a remedy for Buyer’s default. Buyer and Seller are advised to consult with a qualified California real estate attorney before adding any other clause specifying a remedy (such as release or forfeiture of deposit or making a deposit non-refundable) for failure of Buyer to complete the purchase. Any such clause shall be deemed invalid unless the clause independently satisfies the statutory liquidated damages requirements set forth in the Civil Code.B. ALL CASH OFFER: If an all cash offer is specified in paragraph 3A, no loan is needed to purchase the Property. This Agreement is NOT contingent on Buyer obtaining a loan. Buyer shall, within the time specified in paragraph 3H(1), Deliver written verification of funds sufficient for the purchase price and closing costs.C. LOAN(S):(1) FIRST LOAN: This loan will provide for conventional financing UNLESS FHA, VA, Seller Financing (C.A.R. Form SFA), or Other is checked in paragraph 3E(1).(2) ADDITIONAL FINANCED AMOUNT: If an additional financed amount is specified in paragraph 3E(2), that amount will provide for conventional financing UNLESS Seller Financing (C.A.R. Form SFA), or Other is checked in paragraph 3E(2).(3) BUYER’S LOAN STATUS: Buyer authorizes Seller and Seller’s Authorized Agent to contact Buyer’s lender(s) to determine the status of any Buyer’s loan specified in paragraph 3E, or any alternate loan Buyer pursues, whether or not a contingency of this Agreement. If the contact information for Buyer’s lender(s) is different from that provided under the terms of paragraph 6B, Buyer shall Deliver the updated contact information within 1 Day of Seller’s request. (4) FHA/VA: If FHA or VA is checked in paragraph 3E(1), a FHA/VA amendatory clause (C.A.R. Form FVAC) shall be incorporated and Signed by all Parties. Buyer shall, within the time specified in paragraph 3E(1), Deliver to Seller written notice (C.A.R. Form RR or AEA) (i) of any lender requirements that Buyer requests Seller to pay for or otherwise correct or (ii) that there are no lender requirements. Notwithstanding Seller’s agreement that Buyer may obtain FHA or VA financing, Seller has no obligation to pay or satisfy any or all lender requirements unless agreed in writing.D. BALANCE OF PURCHASE PRICE (DOWN PAYMENT, paragraph 3F) (including all-cash funds) to be deposited with Escrow Holder pursuant to Escrow Holder instructions.E. LIMITS ON CREDITS TO BUYER: Any credit to Buyer as specified in paragraph 3G(1) or Otherwise Agreed, from any source, for closing or other costs that is agreed to by the Parties (“Contractual Credit”) shall be disclosed to Buyer’s lender, if any, and made at Close Of Escrow. If the total credit allowed by Buyer’s lender (“Lender Allowable Credit”) is less than the Contractual Credit, then (i) the Contractual Credit from Seller shall be reduced to the Lender Allowable Credit, and (ii) in the absence of a separate written agreement between the Parties, there shall be no automatic adjustment to the purchase price to make up for the difference between the Contractual Credit and the Lender Allowable Credit.6. ADDITIONAL FINANCING TERMS:A. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Written verification of Buyer's down payment and closing costs, within the time specified in paragraph 3H(2) may be made by Buyer or Buyer’s lender or loan broker pursuant to paragraph 6B. B. VERIFICATION OF LOAN APPLICATIONS: Buyer shall Deliver to Seller, within the time specified in paragraph 3H(3) a letter from Buyer’s lender or loan broker stating that, based on a review of Buyer’s written application and credit report, Buyer is prequalified or preapproved for any NEW loan specified in paragraph 3E. If any loan specified in paragraph 3E is an adjustable rate loan, the prequalification or preapproval letter shall be based on the qualifying rate, not the initial loan rate. 44 CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (RPA PAGE 4 OF 16) 44 Property Address:________________________________________________________________________ Date:________________ Buyer’s Initials _________/__________ Seller’s Initials _________/__________ 1231WarrenSt,105,RedwoodCity,CA94063 CreatedbyNelidaGonzalezwithSkySlope®Forms 06/06/2022 DigiSign Verified - e0e5d1a9-8da6-4ea7-a2b0-2ebe474c2d69 AVC DigiSign Verified - 91131ea4-6edf-47b9-a08e-3f2f003f8f0e 1X DocuSign Envelope ID: DD3FD686-BBE6-4A2C-A229-DC0943A57F39