|
.IaEAI ESTATE.:
<br />'NSu NCE
<br />DEADRICH REAL ESTATE
<br />Appraisal - Residential - Conrnrercial - Industrial
<br />581 EAST 14TH STREET
<br />SAN LEANDRO, CALIFORNIA 94577
<br />(415) 632-1234
<br />REAL PROPERTY PURCHASE CONTRACT AND DEPOSIT RECEIPT
<br />San_ Leandro__ __.,(;aiifori,ia. ______ Se tember
<br />Received from_—Th@--C-LTY QF--SAY1.E-ANDRO-, a _Mu_rLtoig_al_Corp_QratiOn
<br />herein called Buyer, the sum of__. _0Ur__t1Q11SanCt:_#wo-_hundr4&__fifty and
<br />Dollars (_ _) evidenced by ( ; cash,'x.) check, ( ) cashier's check, ( ) promissory note due_________-
<br />00
<br />as deposit on the purchase price of the following described property, situated in- the Ci tY D£_S_an i,Aa.ndra_._—_,
<br />County of____A1_ameda State of California, described as fo!Iow::_All- that__reaL_ residents aal
<br />_property _cQmmoniy_.kn9wn _and deg gDa_t�s���_l�$Q Qrshard--Av-enue_t-oge-theY_.with
<br />all _imDrovements__.t�reon�____ (Leggy_ d�_���'i�ti_o� tQ b�_urnishesi_hK_�itle
<br />for the total purchase price ui_ EORT_Y _T O, THCIUSANIl_FLYE_-EUNDREIL_—_—Dollars (s 42 - 500 - 00 .
<br />Buyer shall make an additional dpposiT of $_ _immediately upon acceptarce cy Seller.
<br />The balance of the total purclia,e price is to Le paid .vitilin._ _6D_ __ _ _.. _days purr, Seller's acceptance as follows:
<br />ALL CASH suh-j-ec_t_to— Court- _Confi=matinn..---_------------------
<br />POSSESSION of premises to be given Buyer on of before _C10SG Of e_r_rQW
<br />AND IT IS HEREBY MUTUALLY AGREED:
<br />1. Title shall be free and clear of encumbrances, unless otherwise noted, and subject to current property taxes and to any
<br />restrictions, reservations, Toning, easements or set -back lines now existing of record. buyer shall be furnished at-_ expense
<br />a standard California Land Title Association policy issued by the . _WeS_t m__Utl�_ _ _._ Company,
<br />indicating title vested in Buyer subject to the above only.
<br />2. Real property taxes, premiums for insurance policies acceptable to Buyer, rents, interest and expenses of said property shall
<br />be pro -rated as of (1) date of recording of dee7; XXXXI)CXXXIK.XIXNXXXXIXX(-XXNtX,XXX.NXXX(XXXX)Px)CX
<br />-. Any bond or assessment which is a lien shall beXX) paid or ( ) assumed by Seller
<br />Seller shall pay cost of any applicable transfer tax.
<br />3. Seller agrees to maintain heating, sewer, plumbing systems and any built in appliances and equipment in normal operating
<br />condition, to keep the roof water tight_ to replace any broken or cracked glass windows, and to maintain the grounds until posses-
<br />sion is delivered or tendered to Buyer, or in event of rented property at close of escrow.
<br />4. Broker as a member of a multiple listing service is atitl:orized to report the sale, price, terms and financing for the informa-
<br />tion, publication. and use of authorized multiple lis'. rig set -vice rnembers.
<br />5. This writing expresses the entire contract of the parties. There are no o.,ier widerstaadings, Orio or written, which in any
<br />manner alter or enlarge its terms, and Broker herein named shail riot be held responsibic for the failure of Buyer or Seller to comph,
<br />with the terms cf this contract.
<br />6. If legai actic-i shall be brought by Buyer, Seller, or B:uker arising out (if ',his contr3cl, t.le prevailing party shall be entitled
<br />to recover fron, tie party not prevailing, )r.e cos, of suit end reosonabie attor.le 's fees. If the only controversy between Buyer
<br />a id Seller isas t^ the disposition of BLye. s depos:t(s), such controversy at the eleO ion of bat,; ilarties snail be decided by arbitration
<br />i determined n accornance with the Rules of the American Arbitration .Association, and judgment upon the award renr!e•^d by 0:
<br />arbitratur(s) may be entered iii a!iy court of -ompetent juri-,;diction. The provisior: C,t i-.-tion 12C,i.;S c' the Cafifo pia C_.:a of Civil
<br />Procedure shall be applicable to such arbitration.
<br />7. The words "Buyer," "Seller," and "Broker" as used herein shall include the plural as well as the singular. Words used in
<br />masculine gender inchule Inc feminine and neuter.
<br />8. The paragraph& on the reverse side of this Real Property Purchase Contract and Deposit Receipt are incorporated into this
<br />contract as acknowicdged by the respective panes immediately folkwAng said pa)agraphs.
<br />9. Time is of the essence of this contract. Any and ail modifications or extensiuns for performance by wither or both parties
<br />shall be in writing signed by both parties.
<br />10. If Seller shall fail tc accept in writing the offer of Buyer herein contained within. _—_� _ days, this offer shall be
<br />deemed revoked and the depusit(s) shaI! he returned to Buyer. Said acceptance by Seller shall be communicated to Buyer by deliver-
<br />ing a signed copy to Buyer, in person ur by mail to Buyer's address l,elow or by telegram or night letter to Buyer with a signed copy
<br />immediately mailed to Buyers address belc,w.
<br />Buyer to take !ille a% follows:
<br />As_ahQY�_________—�_____..______ DEADRICH, a California corporation, REAL ESTATE BROKER
<br />OFFER . Ohn A. DeandrICh III
<br />I agre - - urchase ;e above described property o.1 terms and corditions erem stated and ere y acknowledge receipt of a copy
<br />of t
<br />For City of Sari Le-1 o 835 E. 14th St., San Leandro, CA
<br />----�#u�' Address- - --- --- -- - -
<br />- - --- -- --- -- - -- - ---- -- ----Buyer _ - ----
<br />Telephooe.____-_-_ -_
<br />9457%
<br />ACCEPTANCE -
<br />Ilia undersigned accepts and aigrces to sell the property on the above terms and conditions. The undersigned has em,)loyed
<br />DEADRICH, a C.Mifurilia corporatior, anti_-_____- -__-as Broker and agrees to pay as commission
<br />th(. :,(In) 01. _ _ ____ NO.00AISSION-_PAVABLE.-- -- --.-- -Dollars ($_-- --), pay,)ble as
<br />tolluw ,. (1) iipon close of escrow, or (2) if completion of Sale is prevented by default of the undersigned, upor, the undersigned':;
<br />defatill, or (3) if completion of the sale is prevented by Buyer's default, only upon the undersigned's collecting damages from
<br />Buyer. by suit or otherwise and then in an amount not less than one-half of the damages recovered, but not to exceed the above
<br />afier first deu twig titi,� and escrow expenses and the expenses of collection, if any. The undersigned acknowledges
<br />I a.. copy hereo authorizes Broker to deliver a signed copy to Buyer.
<br />rec.___- -__-�_ -senor n-.,ted: September 30 1980
<br />Address:_637 Abbot AvenueL'14 I-o73
<br />Te:ephun: _—_ _ ___._—._______- __ Milpitas „_CA 9SO3S +)0A/ �S.rro-3o
<br />Broker agrees to foregoing. COM. SPLIT.-_____ -
<br />PLI.URICH, a California corporation, Broker
<br />
|