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ORIGINAL PURCHASE AGREEMENT '~ BETWEEN THE CITY OF REDWOOD CITY AND PENINSULA HABITAT FOR HUMANITY FOR THE PURCHASE OF REAL PROPERTY (201 McEVOY STREET) /?..~ THiS AGREEMENT entered into . ./-~E. d~'_./¢ ,19@8, by and between the City of Redwood City, a Municipal ~u/o'rpo-rati0n of the State of California (hereafter referred to as "Seller") and Peninsula Habitat For Humanity (hereaffe~referred to as "Buyer"). ].~.~.-~ Seller agrees to sell and convey, and Buyer agrees to purchase, the real property situated in the City of Redwood City, San Mateo County, California, located at 201 McEvoy Street (hereafter referred to as "the Property"), and more particularly described in Exhibit A, which is attached hereto and incorporated by reference, on the following terms and conditions: ARTICLE 1. PURCHASE PRICE Amount and Terms of Payment Section 1.01. The total purchase price of the Property is One Hundred Thirty-One Thousand Dollars ($131,000.00), payable by Buyer to Seller as follows: The purchase price shall be paid into escrow during business hours at least five.~r-~ :¢5~ d~ays prior to the close of escrow. This amount shall be payable to .,n cash, cert,.ed or cashier', check or wire transfer. U Consequences of Buyer's Default Section 1.02. If Buyer defaults in the performance of this Agreement, the sum of Three Thousand Nine Hundred and Thirty Dollars ($3,930.00) shall be forfeited by Buyer as provided in Section 5.02. In the event this Agreement is terminated for any other reason, the deposit shall be refunded to Buyer pursuant to Section 3.03. ARTICLE 2. ESCROW Opening of Escrow Section 2.01. An escrow shall be opened to consummate the.sa? of..t~.e Prope..~'ty according to the terms of th.!s Agreement at the (hereafter referred to as the escrow holder") at ¢~l~~¢lifer'nia. The escrow shall be opened within '~¢c/' ~~'xecution