Laserfiche WebLink
(8) Pay all escrows and recording fees incurred in this transaction <br />and, if title insurance is desired by the City of San Leandro <br />the premium charged therefor. <br />(C) Have the authority to deduct and pay from the amount shown <br />in Clause 2(A) above, any amount necessary to satisfy any <br />delinquent taxes due in any fiscal year except the fiscal year in <br />which this escrow closes, together with penalties and interest <br />thereon, and/or delinquent or non -delinquent assessments or bonds <br />except those which title is to be taken subject to in accordance <br />with the terms of this contract. <br />3. Any or all monies payable under this contract up to and including <br />the total amount of unpaid principal and interest on note(s) secured by mortgage(s) <br />or deed(s) of trust, if any, and all other amounts due and payable in accordance <br />with the terms and conditions of said trust deed(s) or mortgage(s), shall upon <br />demand(s) be made payable to the mortgagee(s) or beneficiary(ies) entitled <br />thereunder; said mortgagee(s) or beneficiary(ies) to furnish grantor with good <br />and sufficient receipt showing said monies credited against the indebtedness <br />secured by said mortgage(s) or deed(s) of trust. <br />4. The grantor(s) shall retain possession of the property conveyed <br />up to and including the date of recording of the deed conveying title to the <br />City of San Leandro, upon compliance by the grantor(s) with the conditions of <br />this contract. All rents collected by grantor(s) applicable to any period <br />thereafter shall be paid to the City. Either party hereto collecting rents to <br />which the other party is entitled shall forthwith pay such amount to the other <br />as is necessary to comply with the provisions of this clause. <br />5. Grantor(s) warrant(s) that there are no oral or written leases on <br />all or any portion of the property exceeding a period of one month, and the <br />grantor(s) further agree(s) to hold the City of San Leandro harmless and reimburse <br />the City of San Leandro fbr any and all of its losses and expenses occasioned by. <br />reason of any lease of said property held by any tenant of grantor(s) for a <br />period exceeding one month. <br />6. The undersigned grantor(s) hereby agree(s) and consent(s) to the <br />dismissal of any eminent domain action in the Superior Court wherein the herein <br />described land is included and also waive(s) any and all claims to any money <br />that may now be on deposit in said action. <br />7. It is understood and agreed that the grantor(s) shall eliminate to <br />the satisfaction of the below -named title company the effect of the following: <br />None <br />-2- <br />