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Home My WebLink About2017 CON Isfahan, Inc. - Purchase of Real Property - 421 W. 21st Streetidly CALIFORNIA 4 ASSOCIATION OF REALTORS16 RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (C.A.R. Form RPA-CA, Revised 12f15 Data Prepared: 07100/2017 1. OFFER: A. THIS IS AN OFFER FROM The City of National City (Buyer). B. THE REAL PROPERTY to be acquired i8 420 W 21st Straw. San Disco, C.4 01050 , situated in San Diego PIA. San Diasro (County), Ca F:--:;a, 91950 _(Zip Code) Assessor's Pszxsi No. 10.125-1500 ("Prowl). C. THE PURCHASE PRICE offered is Three Hundred Fifty -FM* Thousand CioearS $ 355,000.00 D. CLOSE OF ESCROW shell occur on,,j Augusta 2017 (dete)(or! j Days Alter Ar sp+tutc). E. Buyer and Seiler are refer-ed to herein as the 'Parties? Brokers are not Parties to this Agreement. 2. AGENCY: A DISCLOSURE: The Parties each acknowledge receipt of a 2'Dtsclosure Regarding Real Estate Agency Reiattonships' (CAR. Form AD). B. CONFIRMATION: The folawing agency relationships are hereby confirmed for this transaction: Listing Pent Pfsm:er .. e. fry (Print Firm Name) is the agent of (check one): 2 the Seller exclusively: or U both the Buyer and Seller. Selling Agent Sett rcl: ss.^ tt. a (Prins Firm Name) (if not the same as the Listing Agent) is the agent of (check one): ❑ the Buyer exclusively; orU the Seller exclusively: aril bath the Buyer end Setter. C. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a O'Posadrle Representation of More than One Buyer or Seller - Disclosure and Consent' (CAR. Form PRBS). 3. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder, A. INITIAL DEPOSIT: Deposit shall be in the amount of ='_. (1) Buyer Direct Deposit Buyer shall deliver deposit directly to Escrow Holder by electronic funds .__.-.____000_tiQ _ i. transfer, ❑ cashier's check, C personal check, ❑ other within 3 business days after Acceptance (or ) OR (2) ❑ Buyer Deposit with Agent Buyer has given the deposit by persornat deck (or ) to the agent submitting the offer (or to ), rnade payable to with Escrow Fickler within 3 business after Acceptance The pit shat he encashed until Acceptance and then deposited (or ). Deposit checks given to egent shall be an original signed check and not a e py. (Nola: Intel and Ina -eased deposits checks received by agent shall be recorded ill Broker's trust fund tog.) 13. !INCREASED DEPOSIT: Buyer steal deposit with Escrow Holder an increased deposit In the amount of ......... $ within Days After Acceptance (or ). if the Paresis agree to kquidated damages in this Agreement, they also agree to incorporate the haeesed deposit Into the liquidated damages amount in a separate liquidated damages dause (CAR. Form R!D) at the time the increased deposit is delivered to Escrow Fielder. C. [ ALL CASH OFFER: No loan is needed to purchase the Property. This offer is NOT contingent on Buyer ro�btaining a loan. Written verification of sufficient funds to close this transaction iS ATTACHED to this offer or L i Buyer shall, within 3 (or } Days After Acceptance, Deliver to Seiler such verification. 0. LOAN(S): (1) FIRST LOAN: In the amount of This loan will be conventional financing or ❑FHA, OVA, ❑Seller financing (CAR. Form SFA), assumed financing (CAR. Form AFA), 0Other . This ban shaft be at a ftxed rate not to exceed % or, Q en adjustable rate loan with initial rate not to exceed %. Regardless of the type of loan, Buyer shall pay points not to exceed % of the Loan amount. (2) [] SECOND LOAN in the amount of This Loan will be conventional financing or 0Seiler financing (CAR. Form SFA), ❑assumed financing (CAR. Form AFA), 0 Other . This loan shall be at a fixed rate not to exceed % or, 0 an adjustable rate loan with initial rate not to exceed %, Regardless of the type of ban, Buyer shalt pay points not to exceed % of the loan amount. (3) FHA/VA: For any FHA or VA leen specified in 3D(1), Buyer has 17 (or ) Days After Acceptance to Deliver to Seiler written notice (CAR Form FVA) of any lender -required repairs or coats that Buyer requests Seiler to pay for or otherwise correct Seger has no ob3gation to pay or satisfy lender requirements unless agreed In writing. A FHANA amendatory clause (CAR. Farm FVAC) shall be e part of this Agreement. E ADDITIONAL FINANCING TERMS: F. BALANCE OF nOWN PAYMENT OR PURCHASE PRICE in tee amount or $ .........3Et,000.00 to be deposited with Escrow Holder pursuant to Escrow Holder instructions. G. PURCHASE PRICE (TOTAL). $ 355,000.00 3uyer's initials ( �, - ) ( ) Sellees Initial4 a 9 1-201 S. Cnrtfcm a iIs eocialion of REALTORS*, Inc. RPA-CA REVISED 12415 (PAGE 1 OF 10) CALIFORNIA RESIDENTIAL PURCHAS`: AGREEMENT RPA.-CA PAGE 1 OF 10) )( P open",{ Atacit ere 420_W t Csr_Srf?fe S r1 Qiego, CA 919a0_... Ca e: July 5 2oir H. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Buyer (or Buyers lender or loan broker pursuant to paragraph 3J(1)) shall, within 3 (or } Days After Acceptance, Dever to Seller written verification of Buyers down payment and closing costs. (❑ Verification atthched.) 1. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (or 0 is NOT) contingent upon a written appraisal of the Property by a licensed or certified appraiser at no less than the purchase price. Buyer shall, es specified in paragraph 143(3), ir. w tng, remove he appraisal contingency or cancal this Aer„^ mcnt within 17 (or ) Days Agar Acceptance. J. LOAN TERMS: (I) LOAN APPLICATIONS: Weer, 3 (or ) Days After Acceptance, Buyer Shad Deliver to Seller a letter from Buyer's tender or loan broker stating that, based on a review of Buyers written application, and credit report, Buyer is prequelfiled or preapproved for any NEW loan specified in paragraph 3D If any loan specified in Paragraph 3D is an adjustable rate loan, the proqualificaton or preapprove! letter shell be based on the qualifying rate, pot the litel loan rate. (❑ Letter attached.) (2) LOAN CONTINGENCY: Buyer shall act diligently and in good faith to obtain the designated loan(s). Buyer's qualification for the loan(s) specified above is a contingency of this Agreement unless otherwise agreed In writing. If there is no appraisal contingency or the appraisal contingency has been waived or removed, then failure of the Property to appraise at the purchase price does not cootie Buyer to exercise the cancellation right pursuant to the loan contingency if Buyer is otherwise qualified for the specified loan. Buyer's contractual obligations regarding deposit, balance of down payment and dosing costs are not contingenckta of this Agreement (3) LOAN CONTWeGENCY REMOVAL: Within 21 (or ) Days After Acceptance, Buyer shall, as specified in paragraph 14, In writing, remove the loan contingency or cancel this Agreement. If there is an appraisal contingency, removal of the loan contingency shah not be deemed removal of the appraisal contingency. (4) j NO LOAN CONTINGENCY: Obtaining any loan specified above is NOT a contingency of this Agreement if Buyer does not obtain the ban and as a result does not purchase the Property, Seiler may be entitled to Buyer's deposit or other legal remedies. (5) LENDER LIMITS ON BUYER CREDITS: Any credit to Buyer, from any source, for closing or other costs that is agreed to by the Parties ('Contractual Credit') shall be disclosed to Buyers lender. if the total credit awed by Buyers lender ('Lander Allowable Credit') is less than the Contractual Credit, then (i) the Contractual Credit 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 Atiowabie Credit K. BUYER STATED FINANCING: Seller is relying on Buyers representation of the type of financing specified (including but not limited to, as appkable, at cash, amount of down payment, or contingent or non -contingent loan). Seller has agreed to a specific closing date, purchase price and to sell to Buyer in reliance on Buyers covenant concerning financing. Buyer sea pursue the financing speoileed in this Agreement Satter has no obligation to cooperate with Buyer's efforts to obtain any financing other than that specified in the Agreement and the availability of any such aiternate financing does not excuse Buyer from the obligation to purchase the Property and close escrow as specified in this Agreement. 4. SALE OF BUYER'S PROPERTY: A. This Agreement and Buyers abltty to obtain financing are NOT contingent upon the sale of any property owned by Buyer. OR B. ❑ This Agreement and Buyers ability to obtain financing are contingent upon the sale of property owned by Buyer as specified in the attached addendum (C.A.R, Form COP). 5. ADDENDA AND ADVISORIES: A. ADDENDA: Addendum # (C.A.R Form ADM) ! Back Up Offer Addendum (CAR. Form BUO) Covrt Confirmation Addendum (CAR. Form CCA) !Septic, Well and Property Monument Addendum (CAR. Form SWPI) Short Sate Addendum (C.A_R. Form SSA [ Other B. , UUYER AND SeELL,LER AGVISCRiES. X Buyer's inspection Advisory (CAR. Form BR) !Probate Advisory (C.A.R. Form PA) ski Statewide Buyer and Seller Advisory (CAR. Form SBSA) Trust AdvisoryJC.AR Form TA) _I REO Advisory (CAR. Form REO) _eShort Sate Information and Advisory (C.A.R. Form SSiA) Other 6. OTHER TERMS: T714 sLbleci Jrv.x _issold da. S wish y` warrxrtty, n: gcrerpr^? cgr eager from nee setter. The close of escreva is contingent upon the approve/ of this contract by fie City Council of the Clay .cf National City. 7. ALLOCATION OF COSTS A. INSPECTIONS, REPORTS AND CERTIFICATES: Unless otherwise agreed in witting, this paragraph only determines who is to pay for the inspecton, east, certificate or service {`Report) mentioned, it does not determine who is to pay for any work recommended or idantffiied In the Report. (1) n Buyer E Seller shall pay for a nature! hazard zone disclosure report, including tax El environmental 0 Other. prepared by £<i4er'" r'Froi?' (2) L; Buyer U Seller shad pay for the following Report tapered b (3) Buyer [Seller shall pay for the following Report prepared by Buyers i ,dia's ( ) ( 1 5elees !nit sls ( - RPA.CA REVISED 12115 (PAGE 2 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA.CA PAGE 2 OF 10) peea,:.a'eta zlpFeetre Dy ztptoyx 18070 ritt.n iaa FMK fits«. 4tleigmr 4d'J2e ,,,,. "., c ..zrz be City of Sr. 544.+1111, Property Address:: "e"G W s t' :1 Streei, Sari Diepo. CA 91950 Date: due: R. GOVERNMENT REQUIREMENTS AND RETROFIT: (1) Buyer 2 Seller shall pay for smoke alarm and carbon monoxide device instatfation and water heater bracing, if required by Law. Prior to Close Of Escrow ('COE'), Sailer shall provide Buyer written statement(s) of iximpeence in accordance with state end local Law, unless Seller is exempt. (2) (i) f-1 Buyer i] Seller shall pay the cost of compiiance with any other minimum mandatory government inspectors and reports it reauired as a concet:on of closing escrow under any Law. el) Li Buyer Setter shall pay the cost of xmpharce weh any other minimum mandatory government retrofit standards required as a condttian of Ciosirg escrow urder any Law, whether the work is required to be completed before or after COE (its) Buyer shall be provided, w'.thin the time specified In paragraph 14A, a copy of any required government conducted or point -of -sale inspection report prepared pursuant to this Agreement or in anticipation of this sale of the Property, C. ESCROW AND TITLE: (1) (a) RIBuyer ® Seller shall pay escrow fee 50/50 (b) Escrow Holder shall be Escrow Concepts (c) The Parties shalt, within 5 (or ) Days After receipt sign and return Escrow Holder's general provisions. (2) (s) ❑ Buyer ® Seller shall pay for owner's title insurance policy spedfled in paragraph 13E (b) Owner's title policy to be issued by Stewart Tit! (Buyer shall pay for any title insurance policy insuring Buyer's lender, unless otherwise agreed in writing.) D. OTHER COSTS: (1) 1 Borer 7,, Seiler shad pay County transfer tax or !ea (2) eue Buyer 7 Seller shall pay City transfer tax or fee (3) ! Buyer_; Seller shall pay Homeowners' Association ('HOA') transfer fee (4) Seller shall pay HOA fees for preparing documents required to be delivered by Civil Coda §4525. (5) [j Buyer Seiler shall pay HOA fees for preparing se documents other than those required by Cell Code §4525. (6) Buyer to y for any HOA certification fee. (7) Buyer Seller shall pay for any private transfer fee any (8) 1 Buyer Seiler stead pay for (9) L Buyer Seller shall pay for (10) J Buyer ee Seller shell pay for the cost, not to exceed $ , of a standard (or Li upgraded) one-year home warranty plan, issued by , with the following optional coverages. n Air Conditioner I Pool/Spa 1, Ctr se buyer is informed that home warranty plans have merry optional coverages in addition to those listed above. Buyer is advised to investigate these coverages to determine those that may be seeable for Buyer. ORe2 Buyer waives the purchase of a home warranty plan. Nothing In this paragraph precludes Buyer's purchasing a home warranty plan during the term of this Agreement 8. ITEMS INCLUDED IN AND EXCLUDED FROM SALE: A. NOTE TO BUYER AND SELLER: kerns fisted as included or excluded in the MLS, flyers or marketing materials are not included In the purchase price or excluded from tee sale unless specified in paragraph B 8 or C. 8. ITEMS INCLUDED IN SALE: Exwpt as otherwise specified or disclosed, (1) Alt EXISTING fixtures and fittings that are attached to the Property; (2) EXISTING electrical, mechanical, lighting, plumbing and heatng fixtures, ceiling fans, fireplace inserts, gas logs and grates, solar power systems, built -In appliances, window and door screens, awnings, shutters, window coverings, attached floor coverings, television antennas, satellite dishes, air coolersicmditionees, pool/spa equipment. garage door openers/remote controls, maibox, In -ground landscaping, trees/shades, water features and fountains, water softeners, water purifiers, security systerns/alarms and the following if checkad: ' �. all stove(s), except ; all refrtgerator(s) except alt washers) and dryer(s), except (3) The following addftionai Items; (4) Existing integrated phone and home automation systems, Inducting necessary components such as Intranet and Internet - connected hardware or devices, control units (other then non -dedicated mobile devices, electronics and computers) and applicable software, penntsakons, passwords, codes and access information, are (0 are NOT) included In the sale. (5) LEASED OR L?ENED ITEMS AND SYSTEMS; Seller shall, within tee time specified in paragraph 14A, (i) disclose to Buyer If any item or system specified in paragraph 138 or otherwise incledad in the sale is teased, or not owned by Seller, or specifically subject to a lien or other encumbrance, and (tf) Deliver to Buyer all written matertats (such as lease, wan-anty, etc.) concerning any such item. Buyer's ability to assume any such lease, or willingness to accept the Property subject to any such Hen or encumbrance, is a contingency in favor of Buyer and Seiler as specified in paragraph 14B and C. (6) Seller represents that all items included in the purchase price, unless otherwise specified, (i) are owned by Setter artd sheet be transferred free and clear of lien and encumbrances, except the items and systems identified pursuant to 86(5) and — , and (ii) are transferred without Seller warranty regardless of value. C. ITEMS EXCLUDED FROM SALE: Unless otherwise specified, the following teens are excluded from sate: (i) audio and video components (such as fiat screen TVs, speakers and other items) if any such item is not itself attached to the Property, even if a bracket or other mechanism attached to the component or item is attached to the Property; (iil) furniture and otter items secured to the Property for earthquake purpcses; and (iti) Brackets attached to wails, floors or ceilings for any such component, furniture or item shall remain with the Property (or 0 wlii be resttovod and holes or other damage sail be repaired, but not painted). Sum's ir>itiafe ( ;; „), ) ( ) Setier's inala RPA.CA REVISECIJ 12f16 (PAGE 3 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 3 OF 10) Pralt.Ce4 wh zipFormill try Dpt_ yx I C4?J =raw, Mlle Raxt. From, IA tchkisel 49626 scat z.ck' .,,iss,s4D }( n. cry .r s.. Property Address: -tea' 'le '. c:3r.f D�9rTn C 91950 Date: July 6, 2Of7 9. CLOSING AND POSSESSION: r.. A. Buyer intends (ordoes not intend) to occupy the Property as Buyer's primary residence. B. Seller -occupied or vacant property: Possession shall be delfrered to Buyer. (1) at 6 PM or ( (] AMC PM) on the data of Clare Of Escrow; (G) ❑ no later than calendar days after Close Of Escrow; or (fit) ❑ at ❑ Ai4 / U PM on C. Seller remaining In possession After Close Of Escrow: if Saar has the right to remain to possesseen after Close Of Escrow, (i) the Parties are advised to sign a sesame occupancy agreement such as ❑ CAR. Form SIP, for Seller continued occupancy of less than 30 days, OC.A.R. Form RLAS for Seiler continued occupancy of 30 days or more; and (1) the Parties are advised to consult with their insurance and legal advisers for information about 5abitty and damage or injury to persons and persona', and real property; and pi) Buyer 111 advised to consult with Buyer's lender about the knpact of Seller's occupancy on Buyer's loan. D. Tenant -occupied property: Property shell be vacant at least 5 (or ) Days Prior to Close Of Esdow, unless otherwise agreed in writing. Note to Setter. If you are unable to deliver Property vacant in accordance with rent control and other applicable Law, you may be to breach of this Agreement OR L� Tenant to remain In possession (CA.R. Form TIP). E. At Close Of Escrow: Serer assigns to Buyer any assignable warranty rigets for items induced in tee sake; and Sour shall Deriver to Buyer avaaabte Copies of any such warranties. Brokers cannot and wW not determine the assnabifity of any warranties. F. At Close Of Escrow, unless otherwise agreed in vetting, Seller s.'tall provide keys, passwords, codes and/or means to operate al locks, mailboxes, security systems, alarms, home automation systems and Intranet and tntemet- onnecte f devices included in the purchase price, and garage door openers. tf the Property is a cordomirium or boated in a common interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association CHOA') to obtain keys to accessible H0A facribea. 10. STATUTORY AND OTHER DISCLOSURES (INCLUDING LEAD -BASED PANT HAZARD DISCLOSURES) AND CANCFI i ATIOf RIGHTS: A. (1) Seller shalt within the erne specified In paragraph 14A, Delver to Buyer. (1) If required by Law, a fully completed: Federal Lead - Based Paint Dtscicsur: s (CAR. Form FLD) and pamphlet (•Lead Disclosures'); and (9) unless exempt, fely completed disclosures or notices required by sect lens 1102 et seq. and 1103 et sail. of the Civil Code ('Statutory Disclosures), Statutory Dlsd'osures include, but are not tynited to, a Real Estate Transfer Disclosure Statement (TDS'), Natural Hazard Disclosure Statement (NHO'), notice or actual knowledge of release of Illegal controlled subetancc notice of special tax and/or assessments (oe, if allowed, substantially equivalent notice reverting the hMelb-Roos Community Facilities Act of 1882 and Improvement Bond Art of 1915) and, if Seger has aetuat knowledge, of industrial use and military ordnance location (CAR. Form SPQ or ESD). (2) Any Statutory Disclosure required by this paragraph }s considered fully completed if Setter has answered al questions and completzd and signed the SeSer sections) and the Lsting Agent If any, has completed and signed the Listing Broker secton(s), or, R applicable, an Anent Visual inspection Disclosure (CAR Form AVID). Nothing stated herein relieves a Buyer's Broker, if any, from the otgaton to (1) conduct a reasonably competent and diligent visual inspection of the accesshrla areas of the Property and disclose, on Section N of the TDS. or an AVID, materiel facts affecting the value or desirability of the Property that were or should have been revealed by such an Inspection or (11) complete any sections on all disclosures required to be completed by Buyer's Broker. (3) Note to Buyer and Setter. Waiver of Statutory and Lead Disclosures Is prohibited by Law. (4) Within the erne specified in paragraph 14A, (I) Seger, unless exempt from the ob5gatIon to provide a TDS, shag, complete and provide Buyer with a Seiler Property Queetionnaire (CAR. Form SPQ); (9) i1 Seller is not required to provide a TDS, Seller shalt complete and provide Buyer with an Exempt Seller Drsctosure (CAR. Form ESD). (5) Buyer shalt, within the tame specified in paragraph 148(1.), return Signed Copies of the Statutory, Lead and other disciusures to Seiler. (8) to the event Seller or Listing Broker, prior to Close Of Escrow, becomes aware of edvanee conditions inaterialty affecting the Property, or any material inaccuracy in disclosures, information or representations previously provided to Buyer, Seller shal promptly provide a subsequent or amended disclosure or notice, in writing, covering those items. However, a subsequent or amended disclosure shall not be required for conditions and material Inaccuracies of which Buyer is otherwise aware, or which are disclosed in reports provided to or obtained by Buyer or ordered and paid for by Buyer, (7) if any disclosure or notice specified In paragraph 10A(1), or subsequent or amended disclosure or notice is Delivered to Buyer after the offer is Signed, Buyer shall have the right to cancel this Agreement within 3 Days After Delivery In person, or 5 Days After Delivery by deposit in the mail, by giving written notice of canceUatort to Setter or Setter's a set. B. NATURAL AND ENVIRONMENTAL HAZARD DISCLOSURES AND OTHER BOOKLETS: Within the time specified in paragraph 14A, Seller shall, if required by Law: (i) Deliver to Buyer earthquake guide(s) (and questionnaire), environmental hazards booklet, and home energy rating pamphlet; (1I) disclose if the Property is located Ina Special Flood Hazard Area; Potential Flooding (inundation) Area, Very High Fire Hazard Zone; State Fire Responsbllity Area; Earthquake Fault Zone; and Seismic Hazard Zone; and (lii) disclose any other zone as required by Law and provide any other information required for those zones. C. WITHHOLDING TAXES: Within the time specified in paragraph 14A, to avoid required withholding, Sealer shall Deliver to Buyer or qualified substitute, an affidavit sufficient to comply with federal (FIRPTA) and California withholding Law (CAR. Form AS or QS). D. MMEGAN'S LAW DATABASE DISCLOSURE: Notice: Pursuant to Section 290.46 of the Penal Code, hfornation about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice et wwwmeganslaw,ca.gov. Depending on an offender's criminal history, this information will include either the address at which the offender resides or the community of residence and ZIP Coda in which he or she resides. (Neither Sealer nor Bruisers are required to check this websita. if Buyer wants further Information, Broker recommends that Buyer obtain Information from this website during Buyer's inspection contingency period. Brokers do not have experts. in this area.) E. NOTICE REGA J ING GAS AND HAZARDOUS LIQUID TRANSMISSION PtPE.LINES: This notice Is being provided simply to inform you that information about the general location of gas and hazardous liquid tranemiission pipelines is available to the public via the Natonat Pipetir.e Mapping System (NPMS) tntemet Web side maintained by the United States Department of Transportation at http:/fwww.npms.phmsa.dot.gov/. To seek further tnforrnett.)n about possible transmission pipelines near the Property, you may contact your local gas utility or other pipeline operators In the area. Contact information for pipatne operators is searchable by ZIP Code and county on the NPMS Internet Web site. F. CONDOMINIUM/PLANNED DEVELOPMENT DISCLOSURES: (1) SELLER HAS: 7 (or ) Days After Acceptance to diadbse to Buyer if the Property Is a condominium, or is located in a planted development or other common Interest subdiviaton (CAR. Form SPQ or ESD). Buyer's initta!s ( ,.) ( ) serene drivels ( ) ( } RPA-CA REVISED13/15 (PAGE 4 OF 10) CAUFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 4 OF 10) Pis` l wit1 apF:cede iri $SLogDc 1 eoT/'J Frrtten uih Rolf. 'radar, Nth:Nom 48026 OM L,1, 7 :.:,p The 04 ,r s. Property Address ?_; ;_' _; `st Street Sar7 Oleo, rest flee() Date: Jute a 2017 (2) if the Property is a condominium or is iocated in a planned development or other common interest subdivision, Seller has J (car ) Days Attar Acceptance to request from the HOA (CAR Form HOA1): (I) Copies of any documents required by Law, (li) disclosure of any pending or anticipated claim or litigation by or against the HHO& ell) a statement containing the location and number of deaignatad parking and storage spaces, (Iv) Copies of the most recent 12 months of HOA minutest for regular and spatial meetrga; and (v) the names and oontact information of all l*OAs governing the Property (collectively, Cl"Disclosures"). (vi) private transfer fees; (vIi) Pei fee restrictions; and (viri) stocking restrictions. Setter shall itemize and Deliver to Buyer ail CI Disclosures reteived from the ROA and any CI Disci sores in Seller's possession. Buyers approval of CI Disclosures le a contingency of this agreement as specified Ill paragraph 148(3). The Party spet4 e4 in paragraph 7, es directed by escrow, sheli deposit funds into escrow or direct to HOA or management company tc pay for arty of the above. 11. CONDITION OF PROPERTY: Unless otherwise agreed to writl% (I) the Property a sold (a) 'AA -IS' in its PRESENT physical condition as of the date of Acceptance and (b) subject to Buyer's investigation rights: (if) he Property, Includtng pool, spa, u:ndsceptng and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and (11I) sit debris and personal property not included In the sale chat'. be removed by Close Of Escrow. A. Seiler ahil, within tee time specified in paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS effecting the Property, lecturing known insurance claims within the past five years, and make any and all other disclosures ;Squired by law. B. Buyer has the eght tc conduct Buyer investigations of the Property and, as speediest In paragraph 148, based upon information discovered to hrse investigations: (1) cancel this Agreement; or el) request that Seger make Repairs or take other action. C. Buyer is strongly advised to conduct investigations of the entire Property in order to determine tts present condllton. Seller may not be aware of all defects affecting the Property or other factors that Buyer considers important. Property Improvements may not be built according to code, In comptierxn with current Law, or have had permits issued. 12. BUYER'S iNVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY: A. Buyers acceptance of the =nditton of, and any other matter affecting the Property, is a contingency of this Agreement as specified h this paragraph end paragraph 14B. Within the time specified in paragraph 14B(1), Buyer snail have the right, at Buyers expense unieaa otherwise agreed, to conduct inspections, investigations, tests, surveys and other studies ("Buyer investigations'), uncludirg, but not 1)mited to: (t) a general physical inspection; el) an inspection specifically for wood destroying pests and organisms. My inspection for wood destroying pests and organsms shall be prepared by a registered Structural Pest Control company; shad cover the main building and attached structures; may cover detached structures; shall NOT Include water tests of shower pans on upper level units unless the owners of property below the shower cenzertt; shall NOT include roof covens; and, if the Property is a unit in a condominium or other cu nman interest subdivision, the inspection shall include only the separate Interest and any exclusive -use areas being transferred, and shad NOT include common areas; and shag include a report rPeat Contrd Report) showing the findings of the cxmpany which shalt be . separated into sections for evident Infestation or Infections (Section 1) and for conditions likely to lead to infestation or infection (Sect1c i 2): (Ili) inspect for taad-besed petit end other lead -based paint hazards; (Iv) satisfy Buyer as to any matter specified In the attached Boyers Inspection Advisory (CAR. Form BIA); (v) review the registered sex offender database; (vl) confirm the insurabiity of Buyer and the Property including the availability and cost of flood and fire Insurance; and (vii) review and seek approval of teases that may need to be assumed by Buyer. Without Sellers prior written xnsent, Buyer shag neither make nor cause to be made: invasive or destructive Buyer Investigations, except for minimally invasive testing required to prepare a Fest Cartier Report; or Inspections by any governmental building or zoning inspector or government employee, unless required by Law. B. Suer shad matte the Property evagable for all Buyer Investigation, Buyer shalt (I) as specified In paragraph 14B, complete Beyer Investigations and either remove the contingency or cancel this Agreement. end (B) give Seger, at no cost, complete Cnpies of all such Investigation reports obtained by Buyer, which obligation shag survive the termination of this Agreement C. Seller shag have Angie-, gas, electricity and all operable pilot light en for Buyers lnveatigatore arxi through the date possession is made atiadabie to Buyer. D. Buyer indemnity and seller protection for entry upon property: Buyer shalt: (1) keep tea Property free and clear of Dens; (li) repair ail damage arising from Buyer investigations; and (III) Indemnify and hold Seder harmless from ali resulting liability, claims, demands, damages and costs. Buyer shag Carty, or Buyer shag require anyone acting on Buyers behalf to carry, policies of riebty, workers' compensation and other appecable insurance, defending end prctacting Seller torn lability for any injuries to parsons or property occurring during any Buyer reveetigetlone or work done on the Property at Buyers direction prior to Close Of Escrow. Seller is advised that certain protections may be afforded Seger by recording a °Notice of Non -Responsibility (C.AR. Form NNR) for Buyer investigations and work done cn the Property at Buyers direction. Buyer's obligations under this paragraph shall survIve the termination of this Agreement 13, TiTLE AND VESTING: A. VV,thin the time specified In paragraph 14, Buyer shall be provided a curvet preliminary fftre report ePratlnlnary P.aporte. The Preliminary Report a only an offer by the title natrrer to issue a policy of title insurance and may not contain every item affecting title. Bayer's review of the P-etimirary Report and any other matters which may affect ties are a contngency of this Agreement as specified In paragraph 14B. The con-,pany provicree the Preliminary Report shall, prior to issuing a Preliminary Report. conduct a search of the General Index for all Sellers except banks or other institutional tenders sating properties they acquired through foreclosure (REOa), corporations, and government entities. Setter shall within 7 Days After Acceptance, give Esc? ow Heider a eompkited Statement of Information. B. 116e. is taken In is present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether of record or not, as of the date of Acceptance except tor: (I) monetary tens of record (which Seger is obligated to pay off) unless Buyer Is assuming these obtgaticns or taking the Property subject to those obligations; and (it) these matters which Seller has agreed to remove in writing, C. Within the erne specified in paragraph 14A, Seger has a duty to disclose to Buyer ail matters known to Seger affecting tree, whether of record or not D. At Close Of Sseru w, Burr and receive a grant deed conveying tie (or, for stock cooperative or lorhg-terrn lease, an assignment of stock certificate or of Setters leasehold interest), including oil, mineral and water rights if currently owned by Seller. Titie shad vast as designated In Buyer's supplemental escrow instrrctiens. THE MANNER OF TAKING TITLE MAY HAVE S`GNiFICANT LEGAL AND TAX CONSEQUENCES. CONSULT AN APPRO. PRiATE PROFESSIONAL. auyers rOsis ( ___) ( ) Sclera tnittais ( - _ ; RPA-CA REVISED "2115 (PAGE 5 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 3 OF 10) Produced with ApFatm® 5Y xi:_osfx 19C70 Flan btca Rca1. Frew, Mejlan 4t028 ,eyk.M3%iiS�^' TW City of km !GY cJtIR Property Address: ? ^ V'r 21st Sr,-4e1, : Di r a. ^ >r _ Date: r+ertr 5, 2017 E. Buyer shall receive a CLTA/ALTA'Homeownees Poky of Tile lesteariie', If appilcabie to the type of property and buyer. If not, Escrow Holder shall notify Buyer. A tee company can provide !alternation about the avalabeiy, ooeerage. and cost of other tie policies and endorsements. tf the Homeowner's Polley es not available, Buyer shall dfooee another policy, lnstnact Escrow Holder tt writing and shalt pay any increase !n post 14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The fatIowing time periods may only be eefanded, altered, modified or changed by mutual written agreement. Any removal of contingencies or cancellation under this paragraph by either Buyer or Seiler must be exercised in good faith and In writing (C.A.R. Form CR or CC). A. SELLER HAS: 7 (or ) Days Alter Acceptance to Deliver to Buyer at Reports, disclosures and information for which Setter la responsible under paragraphs 5, 8, 7, 88(5), 10A, B, C, and F, 11A and 13A, if, by the errs specified, Seller has not Delivered any such Item, Buyer after fret Delivering to Seger a Notice to Seller to Perform (CAR. Form NSP) may cancel this Agreement B. (1) BUYER HAS; 17 (ter ) Days Ater Acceptance, unless otherwise agreed In witting, to: (I) cempltee all Buyer investigations; review ail disclosures, reports, lease documents to he assumed by Buyer pt. re ant to paragraph 8B(5), and other applicable information, which Buyer receives from Salter; and approve all matters affecting the Property; are (if) Delver to Seger Signed Copies of Statutory and Lead Disclosures and other disclosures Dellvered by Suer in accordance with paragraph 10A. (2) Wthe the time specified In paragraph 148(1), Buyer may request that Soler make repairs or take any other action regarding the Property (CAR. Form RR). Seiler has no obligation to agree to or respond to (CAR. Form leRRR) Buyer's requests. (3) By the end of the time specified In paragraph 148(1) (or as otherwise specified in les Agreement), Buyer shah Deliver to Seger a removal of the apptiabie contingency or cancellation (CAR. Form CR or CC) of this Agreement. However, if any report, disdocure or information for which Setter is responsible is not Delivered within the time specified to paragraph 14A, then Buyer has 5 or Days After Delivery of any such teems, or the time apeci ed in paragraph 1413(1), whichever is later, to Deaver to Seiler a removal cr the app+icabie contingency or cancellation of the Agreement. (4) Continuation of Contingency: Even after the end of the time specified in paragraph 14B(1) and before Seller cancels, if at all, pursuant to paragraph 14D, Buyer retains the right, in writing, to either (i) remove remaining contingencies, or (le cancel this Agreement used on a remaining contingency. Once Buyer's writter+ removal of el cortttngenciea is Delitiered to Seger, Seger may not cancel this Agreement pursuant to paragraph 14D(1). (5) Access to Property: Buyer shall have access to the Property to conduct inspections and investigations for 17 (or ) Days After Acceptance, whether or not any part of the Buyer's Investfgeton Conthtgency has been waived or removed. C. 7_, REMOVAL. OF CONTINGENCIES WITH OFFER Buyer removes the contingences specified in the attached Contingency Removal form (CA.R. Form CR). If Buyer removes any contingency without an adequate understanding of the Property's condition or Buyer's sblltty to purchase, Buyer Is acting against the advice of Broker. D. SELLER RIGHT TO CANCEL: (1) Seller right to Carteret; Buyer• Contirsgsretes: tf, by the time specified in the Agreement, Buyer doss not Deliver to Seger a removal of the applicable contingency or cancellation of this Agreement, then Seiler, after first Delver -Iry to Buyer a Noce to Buyer to Periwri, (CAR. Fain NIP), may cancel this Agreement in such event. Seller shah authorize tee return of Buyer's uepos'i except for fees Incurred by Buyer. (2) Seller right to Cancel; Buyer Contract Obligations: Seder, after first delivering to Buyer a NBP, may cancel this Agreement if, by the time specified in this Agreement, Buyer does not take the following acbon(s): (I) Deposit funds as required by paragraph 3A, or 39 or if the funds deposited pursuant to paragraph 3A or 38 are not good when deposited; (II) Deaver a notice of FHA or VA costs or terms as requeed by paragraph 30(3) (CAR. Form FVA): (fll) Deriver a lector as required by paragraph 3J(i); (Iv) Deliver verification, or a satisfactory verification if Sailer reasonably disapproves of the verification already provided, as required by paragraph 3C or 3H; (v) in writing assume er accept foasd°ii cr Gene specified in 885. (vl) Return Statutory and Lead Disclosures as required by paragraph 10A(5): or (vlt) Sign or initial a separate fiqufatod damages form for an increased deposit as required by paragraphs 38 and 21B; or (vtit) Provide evidence of authority to sign in a representative capacity as specified in paragraph 19. In suet event, Seller she! authorize the rete.m of Buyer's deposit, except for fees incurred by Buyer. E NOTICE TO BUYER OR SELLER TO PERFORM: The NBP or NSP shall: (I) be in writing; (10 be signed by the applicable Buyer or Seller, and (III) give the other Party at least 2 (or ) Days Mar Delivery (or until the time specified in the appiirabte paragraph, whichever occurs last) to take the applicable action. A NBP or NSP may not be Delivered any earlier then 2 Days Prior to the expiration of the applicable time for the other Party to remove a contingency or cancel the Agreement or meet an *retake specified in paragraph 14, F. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes, in willing, any carttbngen cry or cancellation rights, unless otherwise apec.`Aed in writing, Buyer shag conclusively be deemed to have: (I) completed ell Buyer Investigations, and review of reports and other applicable information and declosurea pertairexg to teat oont r gar y or cancellation right (11) elected to proceed with the transaction; and ((tl) assumed at &abiiey, resporesrli icy and expense for Repairs or corrections pertaining to that contingency or cancellation right, or for the inab}tity to obtain financing. G, CLOSE OF ESCROW: Before Buyer cr Setter may cancel this Agreement for failure of the other Party to close escrow pursuant to ths Agreement, Buyer or Setter must first Deliver to the other Party a demand to dose escrow (CAR. Form DCE). The DCE snail: (I) be signed by the applcable Buyer or Seger, and (11) give the ether Party at leant 3 (or ) Days After Delivery to close escrow. A DCE may not be Delivered any earlier than 3 Days Prior to the acheduled does of escrow. H. EFFECT OF CANCELLATION ON DEPOSITS: tf Buyer or Seger gives written notice of cancellation pursuant to rights duty exercised under the terms of this Agreement. the Parties agree to Sign mutual instructions to carol the male and escrow and release deposits, if any, to the party entitled to the funds, less fees and costs Incurred by that party. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Except as specified oeioro, release of functa will require mutual Signed release Instructions from the Parties, judicial decfslon or arbitration award. If either Party fails to execute mutual instructions to cancel escrow, one Party may make a written demand to Escrow Holier for the deposit (CAR. Form BDi2D or SORD). Escrow Holder, upon receipt, shell promptly deliver notice of the demand to the other 'arty. if, within 10 Days After Escrow Holder's noticethe other Party dose rot object to the demand, Escrow Holder shag disburse the deposit to the Party making the demand. If Escrow Holder complies with the prececing process, each Party shall be deemed to have released Escrow Holder from any and all claims or Eabijity related to the disbursal of the deposit Escrow Holder, at its discretion, may nonetheless require mutuai cancellation instructions. A Party may be subject to a civil penalty of up to;1,000 for refusal to sign cancellation instructions tl no good faith disputa axtsts as to who is emitted to the deposited funds (Civil Code 61057.3), y9 J BL'yte's ( _ - ) ( ) Seller's iii tials l � ) RPA-CA REVISED 12115 (PAGE 6 OF 10) eye A49 CAUFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE $ OF 10) 31, ihostrAd withter-wine by O 19070 = near, We R4,44, 7 seer, Mithicive 48026 .y._v.,;,P,- VA.,^ ta. City of S.. W.Lilit LAC' Property Address: d ? ;r' ;:sr Street. 'pan Ditto. CA 91950 Date: Jett 5, 2017 16. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final veri!readon of tha Property within 5 (or U ) Days Prier to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to ccnerre (I) the Property b maintained pursuant to paragraph 11; (II) Repairs have been completed as agreed; end (59 Setter his complied with Se'let's other oblgatinna under this Agreement (CAR. Form VP). 13. REPAIRS: Repairs shall be completed prior to final verification of condition unkies otherwise agreed in writing, Repairs to be performed at Seller's expense may be performed by Seiler or through others, provided that the work complies with applicable Lew, including governmental permit, tnspection and approval requirements. Repairs shall be performed in a good, skillful manner with materials of quality and appearance comparable to existing materials. it is understood that exact restoration of appearance or castrate hens followrg all Repairs may not be possible. Seller shalt (I) cbtahh invoices End paid recaipt for Rsapatns performed by others; (Hi) prepare a written statement indicating the Repairs performed by Seder and the date of such Repairs: and (tit) provide Copies of Invoices and paid rerslots and statements to Buyer prior to `trial verifcation of condttlott, 17, PRORATiONS OF PROPERTY TAXiE3 AND OTHER ITEMS: Unless °them se agreed in wr1U', the fotlowing items shaft be PAID CURRENT and prorated between Buyer and Seiler as of Close Of Escrow: real property taxes and assessment, interest, rents, HOA regular, special, and emergency dues and assessments hnoosed prior to Ctoee Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and paymerre. an Mello -Roos and other Special Assessment Distire bands and assessments that art now a lain. The following Rams shay be assumed by Buyer MTNOUT CREDfT toward the purchase price: prorated payments on Mello -Roos srd other Special Assessment District bonds and assessments and RDA special assessrnente that are now a ben but not yet due. Property will be reassessed upon charge of ownership. Any supplemental tax bills shaft be paid as follows: (I) for periods after Close Of Escrow, by Buyer and (II) for periods prier to Close Of Escrow, by Seller (see CAR. Forte SPT er SBSA for further rtformadon), TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETYJEEN BUYER AND SELLER. Prorafiwhs shaft be made based on a 30-day month. 18. BROKERS: A. COMPENSATION: Salter or Buyer, or both, as applicable, agree to pay compensation to Broker es specified it a separate written agreement between Broker and that Seiler or Buyer. Compensation Is payable upon Close Of Escrow, or tf escrow does not dose, as otherwise specified in the agreement between Broker and that Seller or Buyer. B. SCOPE OF DUTY: Buyer and Stake acknowledge and agree that Broker: (1) Does not decide what price Buyer should pay or Seller should accept: (IQ Does not guerarriee the rendition of the Property: (Ili) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provtded or made by Sailer or others; (iv) Does not have an obligation to conduct an inspection of common areas or areas off the ante of the Property; (v) Shall not be responsible for identifying defects on ',tie Property, in common areas, or offsite unless such defects are vieva;ty observable by an Inspection of reasonably accessible areas of the Property or are known to Broker, (vi) Shall not be responsible for inspecting public records or permits ceroerning the tttte or use of Property; (vitt Shall not be responsible for identifying the location of boundary lines or other Kerns affecting title; Mil) ShaP not be responsible for veriying square footage, representations of others or Information contained in investigation reports, Muttipie Listing Service; advertisements, ftyera or other promotional material; (tx) Shall not be responsible for determining the fair market value of tee Property or any personal property inducted in the sale; (x) Shalt not be responsible for providing legal or tax advice regarding any aspect of a transact:en entered info by buyer or Seiler, and (lid) Sham not be respons ale for providing other advice or information that exceeds the knowledge, education a.xi experisece required to perform real estate licensed activity. Buyer end Seier agree to soak legal, tax, insurance, tribe and other desired ass;s'ianos from appropriate professionals. 19. REPRESENTATIVE CAPACITY: If one or more Parties is signing this Agreement in a reprreentativecapactty and not for hirntherself as en individual they. that Party shaft so indicate In paragraph 3i or 32 and attach a Representative Capacity Signature Disclosure (CAR. Form RCSD). Wherever the signature or initiate of the representative identified In the RCSD appear on this Agreement or any related documents, it shalt be deemed to be in a representative capacity for the entity described and not in an individual capacity. unless othorwlae indicated. The Party acting In a representative capacity, (I) reprwaenis that the entity for which that party to acting already exlsta and (ii) shall Deliver to the other Party and Escrow Holder, ,vtthin 3 Days After Acceptance, evidence of authority to act in that capacity (such as but not limited to: applicable portion of the trust or Certification Of Trust (Probate Code §18100.5), letters testamentary, court order, power of attorney, corporate resolution, or formation documents of the business entry). 20. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: A. The following paragraphs, or app1cab a portions thereof, of this Agreement constitute the Joint escrow instruction► of Buyer and Seiler to Escrow Holder, which Escrow Holder Is to use along with any related counter offers and addenda, and any additional mutual instructors to dote the escrow: paragraphs 1, 3, 45, SA, e, 7, 10C, 13, 14G, 17, 18A, 19, 20, 28, 29, 30, 31, 32 and paragraph D of the section titled Real Estate Brokers on page 10. if a Copy of the separate compensation agreement(s) provided for In paragraph 18A, or paragraph D of the section titled Real Estate Brokers on page 10 Is deposited with Escrow Holder by Broker, Escrow Heider shalt accept such agreement(s) end pay out from Buyer's or Sellers funds, of both, as apptkabie, the Broker's compensation provided for vi such agreernant(a). The terms and conditions of this Agreement not set forth in the specified paragraphs are additional matters for the information of Escrow Holier, but about which Escrow Holder need not be concerned. Buyer and Seiler win recehre Escrow Holder's general provisions, tf any, direclfy from Escrow Holder and oft execute such provisions within the time specified in paragraph 7C(1)(c). To the extent the general provision are incoraatent or conflict with this Agreement, throe general provisions will control as to the duties and obligations of Escrow Helier only. Buyer and Seller wfV execute additional instructions. documents and fornre provided by Escrow Holder that are reasonably necessary to close the escrow and, as directed by Escrow Holder, within 3 (or `) Days, shall pay to Escrow Holder or HOA or HOA management company or others any lea required by paragraphs 7, 10 or elsewhere in this Agreement B. A Copy of this Agreement including any counter offer(s) and addenda shall be delivered to Escrow Holder within 3 Days After Acceptance (or ). Buyer and Safer authorize Escrow Holder to accept and rely on Copies and Signatures as defined in this Agreement as originals, to open escrow and for other purposes or escrow. The validity of this Agreement as between Buyer and Seller is not effected by whether or when Escrow Hower Signs this Agreement Escrow Holder shall provide Seller's Statement of infomhation to Title company when received from Seller, If Seller delivers an affidavit to Escrow Holder to satisfy Seder's FIRPTA obligation under paragraph 10C, Escrow Holder aheti deliver to Buyer a Qualified Substitute statement that eimplies with federal Law. Buyers initials ( _ ) ( ) Seller's iniUas (� RPA-CA REVISED 12115 (PAGE 7 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 7 OF 10) enereteo eel *Forme by zi'tophx 111070 Moon ease Fiord, Father. Melvin 48C26 ht^NN •ivJ ag.�:ar Tba Cln at Fag Property Address: 41: at e ':y are: 3t. S=n Iccxo. CA Date: 1":;`,,, .4 } +" C. Brokers are a party to the escrow for the sole purpose of compensator pursuant to paragraph IBA and paragraph D of the section titled Real Estate Brokers on page 10. Buyer and Seller Irrevocably assign to Brokers oompensation specified In paragraph 184, and irrevocably instruct Escrow Holder to disburse those funds to Brokers at Close Of Escrow or pursuant to any other mutually executed cancellation agreement Compensation 'instructions cart be amended or revoked only with the written consent of Brokers, Buyer and Seller shall release and hold hann!ass Escrow Holder from any liability resulting from Escrow • Holder's payment to Broker(s) ot compensation pursuant to this Agreement D. Upon receipt, Escrow Haider shag prov`aie Suer and Seller's Broker verfficatlon of Buyers deposit of funds pursuant to paragraph 3A and 3B, Once Escrow Holler becomes aware cf any of t o following, Escrow Holder shall !rrarediately notify all Brokers: (I) If Buyers initial or any additional deposit or down payment Is not made pursuant to this Agreement, or Is not good at time of deposit with Escrow Holder; cr (il) if Buyer and Seller instruct Escrow Holder to cancel escrow. E. A Copy of any amendment that affects any paragraph ot this Agreement for which Escrow Holder Is responsible shall be delivered to Escrow Holder within 3 Days after mutual execution of the amendment. 21.REMEDIES FOR BUYER'S BREACH OF CONTRACT: A. Any clause added by the Parties specifying a remedy (such as release or forfeiture of deposit or making a deposit nongefundabte) for failure of Buyer to completes the purchase in violation of this Agreement shall be deemed Invalid unless the clause Independently satisfies the statutory liquidated damages requirements set forth in the Civil Code. B. LIQUIDATED DAMAGES: if Buyer falls to complete this purchase because of Buyer's default, Seller shall retain, as liquidated damages, the deposit actually paid. if he Property is a dwelling with no more than four units, one of which Buyer intends to occupy, then the amount retained shall be no more than 3% of the purchase price. Any excess shalt be returned to Buyer. Except as provided in paragraph 14H, release of funds will require muhuat, Signed release instructions from both Buyer and Seller, judicial decision or arbitration award. AT THE TIME OF ANY INCREASED DEPOSIT BUYER AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION INCORPORATING THE INCREASED DEPOSIT AS LIQUIDATED DAMAGES (C.A.R. FORM RI Buyer's Inittais . J Seller's initials 22. DISPUTE RESOLUTION: A. MEDIATION: The Parties agree to mediate any dispute or dais arising between them out of this Agreement, or any resulting transaction, before resorting to arbitration or court action through the CAR. Real Estate Mediation Center for Consumers (w+ervr.constarrsnnedWion.org) or through any other mediation provider or service mutually agreed to by the Parties. The Parties also agree to mediate any disputes or claims with Broker(s), who, in writing, agree to such mediation prior to, or within a reasonable time after, the dispute or claim Is presented to the Broker. Mediation tees, if any, shalt be divided equally among the Parties involved. If, for any dispute or claim to which this paragraph applies, any Party (1) commences an action without first attempting to resolve the matter through mediation, or (ii) before commencement of an action, refuses to mediate after a request has been made, then that Party shall not be entitled to recover attorney fees, even if they would otherwise be available to that Party in any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INiTIAL.ED. Exclusions from this mediation agreement are specified In paragraph 22C. B. ARBITRATION OF DISPUTES: The Parties agree that any dispute or claim In Law or equity arising between them out of this Agreement or any resifting transaction, which le not settled through mediation, shalt be decided by neutral, binding arbitration. The Parties also agree to arbitrate any disputes or claims with Broker(s), who, In writing, agree to such arbitration prior to, or within a reasonable time after, the dispute or claim Is presented to he Broker. The arbitrator shall be a rehred Judge or justice, or an attorney with at least S years of residential real estate Law experience, unless the parties mutually agree to a different arbitrator. The Parties shall have the right to discovery M accordance with Code of Civil Procedure i)12a3.05. In all other respects, the arbitration shag be conducted In accordance with Title 9 of Part 3 of the Code of Civil Procedure. Judgment upon the award of the arbitrator(s) may be entered Into any court having jurisdiction. Enforcement of this agreement to arbitrate sheep be governed by she Federal Arbitration Act. Exclusions from this arbitration agreement are specified in paragraph 22C. "NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CAUFORNtA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE Lt 1GATED IN A COURT OR JURY TRIAL BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL., UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED Its THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION tS VOLUNTARY." 'WE HAVE READ AND UNDERSTAND rr1E FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION TO NEUTRAL ARQITRATION." Buyer's lnfdais-, C. ADDITIONAL MEDIATION AND AR3'T7tATION TERMS: Seller's Initials. (1) EXCLUSIONS: The following matters are excluded from mediation and arbitration: (I) a Judicial or non -judicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage or installment Land sale contract as defined In Gvii Code $2085; (II) an unlawful detainer action; and MI) any matter that is within the furlsdtatIon of a probate, $mall claims or bankruptcy court Buyer's metals ( ) ( ) Soffer's ;titles ( '� ) ( RPA-CA REVISED 12l15 (PAGE 8 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA.CA PAGE 8 OF 10) Prodacsd wit=1cfa?m@ by 733l.egu 18070 Fallen We ROW, Mitre, ►lIchkan mm02d ri'mori- is ar Tie Ott of Su Property Address' reel. Sett Diego, CA Date: Jiffy 5, 2017 (2) PRESERVATION OF ACTIONS: The following shall not constitute a waiver nor violation of the mediation and arbitration provistone: (1) the filing of a court action to preserve a statute of limitations; (II) the Hang of a court action to enable the recording of a notice of pending action, for order of attachment, receiverehlp, Injunction, or other provisional remedies; or u1) fine filing of a mechanic's lien. (3) BROKERS: Brokers shed! not be obligated nor compelled to mediate or arbitrate unless they agree to do so in writing. Any Broker(*) participating in mediation or arbitration shall not be deemed a party to this Agreement 23. SELECTION OF SERVICE PROVIDERS: Brokers do rot guarantee the performance of any vendors, service or prods t providers ('Protriders'), whether referred by Broker or se ected by Buyer, Seller or other person. Buyer and Seller may select ANY Providers of Ier own c'rccsing, 24. MULTIPLE LISTING SERVICE ("MeV): Brokers are authorized to report to the MIS a pending sale and, upon Close Of Escrow, thebiees price ard other terms of this transactlon shall be provided to Lie MIS to be published and dbsernfnated to persons and entities authorized to use the Information on toms approved by the MIS. 25. ATTORNEY FEES: In any action, proceeding, or arbtfietbn between Beyer and Seiler arising out of this Agreement, the prevailing Buyer or Seller 5t141 be entitled to reasonable attorney fees and costs front the non -prevailing Buyer or Setter, except as provided in paragraph 22A 28. ASSIGNMENT: Buyer shall not assign all or err/ part of Buyer's Interest n th?s Agreement without first having obtained the separate written consent of Seller to a specified assignee. Such consent shall not be unreasonably withheld. Any total or partial assignment shall not relieve Buyer of Buyer's obligations pursuant to this Agreement unless otherwise agreed In writing by Seller. (CAR. Form AOAA). 27. EQUAL HOUSING OPPORTUNITY: The Property is sold In compliance with federal, state and local anti -discrimination Laws. 28. TERMS AND CONDITIONS OF OFFER: This is an offer ee purchase the Property an the above terms and condltlons. The liquidated damages paragraph or the arbitration of disputes paragraph is 'incorporated in this Agreement If Initialed by sa Parties nr if incorporated by mutual agreement in a counter refer or addendum. H at bast one but not all Parties fnliial, a counter offer is required until agreement is reached. Seiler has the right to continue to offer the Property for sae and to accept any other offer at any time priori to notilloation of Acceptance. The Parties have read and acknowledge receipt of a Copy of the offer and agree to the confirmation of agency reiatitonships, if this offer fs accepted and Buyer subsequently defaults, Buyer may be respor.sbie for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, including any Copy, may be Signed in two or more counterparts, all of which shall consttute one and the same writing. 29. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Tame is of the assents. All understandings between the Parties are incorporated in the Agreement its temp are intended by the Parties as a final, carrels and exclushe expression of their Agroornent with respect to Its submit matter, and may not be contradicted by evidence of any prior agreement or conteme oraneous oral agreement If any provision cf :Ns ,*mere nt is het b to be infective or awake One remaining pervisions wit newt/Giese be pan lira force and effect. Except as otherwise specifed, this Agreement shall i^tar*,,reted and disputes she; be resevedri9CCOOttehCe wife than I aw* of the State of California. Nether this Agreement nor any provision in it may he eetandad, amended, modified, altered or charged, except to writing Sinned by Buyer and Setter. 30. !EFtNt11ONS: As used in this Agreement: A. "Acceptance" means the time the offer or final counter offer inserted in wring by a Party and is de$Ivered to and personally recervaxt by the other Party or that Party's authorzed agent in accordance wth the terms cf thus otter or a final counter offer. B. 'Agreement" means this document and any counter offers and any €neorporated addenda, collectively forming, the binding agreerner' netween the Parties. Addenda are incorporated only when Signed by all Parties. . C. "C A.R. Form" means the most current version of the speclfic form referenced or another comparable form agreed to by the parties. D. "Close Of Escrow", Including `COE', means the date the grant deed, or other evidence of transfer of title, Is rerxorded. E. "Copy" means copy by any means Including photocopy, NCR., facsimile and electronic. F. "Days" means calendar days. However, after Acceptance, ho lest Day for performance of any act required by this Agreement (including Close Of Escrow) shalt not include any Sat:irday, Sunday, or legal holiday and sha0 ineteed be the next Day. G. "Days After" means the specified number of calendar days after the occurrence of the event specified, not counting the calendar date on which the specifiedevent occurs, and ending at 11:59 PM on the final day. H. 'Days Prior" means the specified rmmnber of calendar days before the occurrence of the event specified, not counting the calendar date on which the specified event Is scheduled to meter. I. "Deliver", 'Delivered" or "Dellverf", unless otherwise specified in writing, means and shall be effective upon: personal receipt by Buyer or Seller or the individual Real Esate L!censee for Gat principal as apecRbd In the section tided Real Estate Brokers on page 10, regardless of the method used (i.e., messenger, mad, emal, fax, other). 'Electronic Copy" or 'Electronic Signature" means, as aopicablo, an electronic copy or signature cornply!ng with California Law. 3uyer and Seiler agree that electronic means will not be used h'r either Party to modify or alter the content or integrity of this Agreement wi :`•out the: knowledge and consent of the other Petty, Se 'Law" means any law, code, statute, oniinanee, regulation, rule or order, which is adopted by a controlling city, county, state or federal ag statue, udictat or aaem five body or agency. L. "Repairs" rnaans arty repairs (including peat control), alterations, replacements, modifications or retrofitting of ire Property provided for under tits Agreement +. "signed" means either a handwritten or elects-onlc signature on an otlginal document, Copy or any counterpart. 31. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit, if any, shalt be returned to Buyer unless the offer is Signed by Saner and a Copy of the Signed offer is personally received by Buyer, or by _ who is authorized to receive it, by 5:00 PM on the third Day after ibis offer is signed by Buyer (or by Tj on (date)). One or more Buyers Is signing this Agreement in a representative capacity and not for himnlhersef as an tndMduel. See attached Representative Capedty Signature Diedosere.(CAR. Form RCSL-8) for additional terms. Date (7/17 BUYER (Print name) - Date BUYER L� AM/ U PM, (Print name) LI Additional Signature Addendum attached (CAR. Form ASA). RPA-CA REVISED 12/15 (PAGE 9 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA.CA PAGE 9 OF 10) Produced Wet ttpFvalO by Dpt.ogh 1907C F',+iean ilea Roar.. Fuser, kithigsr 44022E AILLZ.r,'7. rel2 ."Cr;• Seller's tNdals (cam ) ( Tye Clfe ef3aa CA L 1 FOR.NrA go, ASSOCrATION OF REs.TTORS BUYER'S INSPECTION ADVISORY (c.A.R. EOMstA, Revised itti4) ("Property"). 1. IMPORTANCE OF PROPERTY INVESTIGATION: The physica.I condition of the land and improvements being purchased is not guaranteed by either Seiler or Brokers You have an affirmative duty to exercise reasonable care to protect yourseff ncJudn disoovary of the legal, practical and tohnicei implications of disclosed facts, and the irgiestgation and verification of inforrnation and facts that you know or that are within your diligent attention and observation. A general physical inspection typically does not cover ail aspects of the Property nor Items affectng the Property that are not physically located on the Property. If the p.rofessionals recommend further investigations, including a recommendation by a pest control operator t nspect Inaccessible areas of the Property, you should contact qualified ex:oar's to conduct such additional Investgations, 2. BROKER OBLiGATIONS: Brokers do not have expertse l aft areas and therefore cannot advise you on many items, such as those listed below. If Broker gives you referrals to professionals, Broker does not guarantee their perforrnan.ce. 3. YOU ARE STRONGLY ADVISM TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTic INCLUDING BUT NOT LIMITFED TO THE FOLLOWING. IF YOU DO NOT DO SO, YIDU ARS ACTING AGAINST THE ADIPCE OF BROKER& A. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof (condit)on, age, leaks, useful Efe), plumbing, heating, air conditioning. eiectrical, mechanical, security, pool/spa (cracks, !oaks, operation), other sfroct.sal and nonstructural systems and components, f stares, but -in appliances, any personal property included in the sale. and energy efficiency of the Property, B. SQUARE FOOTAGE, AGE., BOUNDARIES: Square footage, room dimensions, lot size, age of improvements and boundaries. Any numerical StEtements regarding these Items are APPROXIMATIONS ONLY and have not been verified by Seiler and cannot be verified by Brokers. Fences, hedges, walls, retenling walls and other barriers or markers do not necessarily identify true Property boundaries. C. WOOD DESTROYING PESTS: Presence of, or ootxlitons akely to lead to the preseree cf wood destroying pest and organisms. D. SOIL STABILITY; Existence of fill or compacted soil, expansive or contracting soil, susceptibility to slippage, settling cr movement, and the adequacy of drainage. E. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS;WASTE DISPOSAL: Water and utility availabty, use restrions and costs. Water quality, adequacy, condition, and performance of wail systems and components. The type, slze, adequacy, capacity and cenditen of sewer and septic systems and COMpeflefl, connection to. sewer, end applicable fees. F. ENVIRONMENTAL HAZARDS: Potential environmental hazards, Including, but not limited to, asbestos, toad -based paint and other lead tontamination, radon, methane. other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic folds, nuclear sources, and other substances, materials, products, or conditions (including mold (airborne, toxic or otherwise.), fungus Of similar contaminants). G. EARTHQUAKES MC FLOODING: Susceptibility of the Property to eartfiquakeSeismic haza-as and propensity of the Property to flood. H. FIRE, HAZARD AND OTHER INSURANCE: The avaaabaity and cost of necessary or desired insurance may vary. The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such aa the age of the Property and the claims history of the Froparty and Bi.7er, may afiest the availability and need for certain types of insurance. Buyer should explore insurance options °arty as this information may affect other declators, including the removal oilcan and Inspection oontingerciss. BUILDING PERMITS, ZONINO AND GOVERNMENTAL REOUREMENTS: Pe -tint, inspections, mrtificates, zor,ino, other govemmerrial lirritabons, restrictions, and requirement affecting the current or future use of the Property, it development or ste J. RENTAL PROPERTY RESTRICT Some cities and cotmthn [moose restriction that limit the amount of rent that cn be charged, the mai.drrorn number of occupents, and the right of a tonolord to terminate a tangency. Deadbolt or other locks and secalty systems for doors and 'windows, Inc:Wing window bars, should be examined to determhe whether they satisfy legal requirements. K. SECURITY AND SAFETY: State and local LEW may require the insWitation of barriers, access alarms, salf-latchir.g mechanisms and/or other measures to ctecraase the risk to chlIciren and other persons of existing swimming pools and hot tubs, as well as various fire safety and other measures concerning other features of the Property. L NEGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including schools, law enforcement, clime statistics, registered felons or offenders, firs protection, other goverr,rnent services, availability, adequacy and cost of interest connections or other technology services and installations, cornrriemoial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport nc-ise, noise or odor from any sour, wikl and domestic animals, other nuisances, hazards, or circumstances, protected spec. wetland properties, botanical diseases, historic or other governmentally protected sites cr improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requsnents, conditions and influences of significance to certain cultures ar.dior :•ellgions, and personal needs, reAuirements and preferences of Buyer. ay signing below, Buyers acknowledge tiutt they have road, onderstand, accept and havo received a Copy of this Advisor!. Buyers are enoouraged to mac- it carefully. C 109'1-2004, dalEcfoia Associeferi at REALTORM Inc. THIS FORM ..vka• BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS. (CAR.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANOACTION, A REAL ESTATE BROKER SS THE PERSON DUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE. LEGAL OR TAX ALVtC£ CONSULT AN APPROPRIATE PROFESSIONAL Li Pupisred end TTLstrt-ted by: ,4.1 ESTATE BUSINESS SERVICES, INC. 4 t P suixtithwyetu CA2form43 Astociatian a RE4LTORSt c '. KS S'seth \PNi AVen1.10, 1. 0$ Anfje4dS CAM:1114 MO a VISE° 11/14 (PAGE 1 OF 1) , _.............._.. .... , BUYER'S INSPECTION ADVISORY (BIA PAGE 1 OF 1) Address- 42C W21st Streer,._5an Diego CA 91:60 Date: Jijy S, 21'"7 32. ACCEPTANCE OF OFFER: Seiler warrants that Seller is the owner of the Property, or hes the authority to execute this Agreement Setter accepts the above offer, and agrees to self the Property on the above terms and conditions, Seiler has read and acknowledges receipt of a Copy cf this Agreement, and authortzas Broker to Deliver a Signed Copy to Buyer. 0 (If checked) SELLERS ACCEPTANCE IS SUBJECT TO ATTACHED COUNTER OFFER (CAR. Form SCO or SMCO) DATED: One Or more Sellars Is signtrag this Agreernere in a representative capacity end not for him/herself as an Individual. See attached RepreseritatIve Capacity Signature Disclosure (CAR. Form RCSD-S) for ad 'tonal terms. S t! FR - ;Print i .ej ^3;o SSE.FR (Print name) Addition& Signatue Addendum attached (CAR, Form ASA` ( �..._. a (Initials) (Do not Initial if making a counter offer.) CONF(RMAT)ON OF ACCEPTANCE: A Copy of Signed Accepteres was ..rsoraty received by Buyer or Buyers eut`torized agent on (date) et PM, A bindng Agreement is created when a Copy of Signed Acceptance Is personally received by Buyer or Buyer's authorized agent whether or not confirmed in this document CotnvIstfon of this confirmation is net legally required in order to create s binding Agreement; it to solely intended to evidence the elate that Confirmation of Acceptance has occurred. REAL ESTATE BROKERS: A. Reei Estate Brokers are not parties to the Agreement between Buyer end Seiler. B. Agency relationships are confirmed as statad In paragraph 2. C. if specified in paragraph 3A(2). Agent who submitted the offer for Beyer acknowledges nee 'pi c' deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Sailing Firm) and Cooperating Broiler agrees to accept, out of Listing Brokers proceeds in escrow, the amount specified In the MLS, provided Cooperating Broker Is Participant of the MLS In which the Property is offered for sale or a reccprocel MLS. if Listing Broker and Cooperating Broker are not both Participants of the MLS, or a reciprocal MLS, In which the Property Is c!fered for sale, then compensation must be specified in a separate written agreement (C.A.R. Form CSC). Declaration of Licenao and Tax (CAR. Form DLT) may be used to document that tax reporting will be required or that an exemption exists. Real Estate Broker (Selling Firm) Seifrrtre.sentec Cail3Rc Lit. # By C! y of Natrona, City CeIBRE Lie, # By CafSP E Lic * �. Address City State Zip Telephone Fax E-rrlail Real Estate raker { sting Firm) Premier Penny By _- ,� -ti 04-ex.4PJ „tub! NCurersF CaIBRE Lire a# 0135,1E32 3y , CaIBRE Lic. Address 4553 rtf rcuy St City ear 4.1rt:Va Telephone .'�&u"Slit¢ t7Q+N Fax 141242J;:_3k31 E ^ia`i Date Date GcrxlSarP?t CaiBf2E i le. Of i425C79 Date 07 !A/21f7 Date State CA Zip 92711 ESCROW HOLDER ACKNOWLEDGMENT: Escrow Haider acknewkedges receipt of a Copy of this Agreement, of chec t ed, a deposfi in the amount of $ 1 CO( ) counter offer featbers ❑ Seders S{atemeet of tntcrelation and and agrees to ad as Escrow Holder subject to paragraph 20 of this Agreement, any supplemental escrow fnstruclk rs and the terms of Escrow Holders general proviskcns. Eecrow Hostler k advised that's date of Conffrration of Acceptance of Cie Agreement as between Buyer and Seder is 7//,4520y 7 Escrow Holder r !�/w� nsudw # 021 $y- $J �4 BY ESCR4V4� �a1VCEPT ;_l-r,eers note 770ot t2 Address 4858 Mercury Street, Ste. #214---- Phor•.e,'FawE-+ra:l _ Escrow Polder has it°io lotto . San 0J9► yf^ 9+' t i Depattmern of 5usir,ess ut its- ,�<rirent of insurance, lyBLree, r of Reel Estate, PRESENTATION OF OFFER; ( ) Listing Broker presented this offer to Seiler or (dates. broker or Designee irises RE.i C k N OF OFFERi (__) ( ) No counter after is being made. This offer was refracted by Se;!er on $egeee initisin (date). 01991- 2016. CaNarnas Assad fen 01 REALTORSO, Ire Linked States copyright taw (rile 17 U.B. Code) forbids the uneu8w :ed datristlror, dspisy and reproduction of this form, or arty portion thereof, by photocopy machine or any other means, Including racs6nie or computerized tonnes. THiS FORM WAS BEEN APPROVED BY THE CAUFORNiA ASSOCIATION OF REALTORS& (CAR.). NO REPRESENTATION IS MAOE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE 9ROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by: Buyer Acknoyriedges that page 10 lie part of tits Agreamen ( ) ( REAL ESTATE BUSINESS SERVICES. INC. 8r4yer'e In • subsidiary Off* CALIFORNiAASSOCIATION OF REALTOR99 •525 South Virgil Avenue, t.os Angeles: Calton ie e0a20 Reviewed by RPA-CA REVISED 12115 (PAGE 10 of 10) Broker or Designee CALiFORNLA RESIDEN11AL PURCHASE AGREEMENT (RPA-CA PAGE 10 OF 10) Preece wile" pF err e l dpLoghc 48070 Moen Mi. Reel, Fraser, Ilkthgan 48024 scgrxelaggsarg The Mg, er See ewv;.er,• CALIFORNIA 4111,40144, ASSOCIATION Ire OF REALTORS Proprty Aide .szLn W 21st StreetD:et,!;f CA 93950 WIRE FRAUD ADVISORY FternWFA, 6/1s) The ability to communicate and conduct business electronically is a convenience and reality ii nearly all parts of our fives. At the same time, it has provided hackers and scamrners new cppertunites for their criminal activ!ty. Many businesses have been victirrlized and the real estate business is no exception. While wiring funds is a welcome convenience, buyers artd sellers need to exercise extreme caution. Ernalls attempting to induce fraudulent wire transfers have been received and have appeared to be legitimate. Reports indicate that some hackers have been able to intercept ernailed wire transfer instructions, obtain account information and, by altering some cf the data., redirect the funds to a different account, It also appears that sorne hackers were able to provide false phone numbers for verifying the wiring instructions. In those cases, the buyers called the number provided, to confirm the instructions, and then unwittingly authorized a transfer to somewhere other than escrow. sellers have also had their sales proceeds taken through similar schemes. ACCORDINGLY, BUYERS AND SELLERS ARE ADVISED: 1, Obtain the phone number of the Escrow Officer at the beginning of the transaction. 2. DO NOT EVER WIRE FUNDS PRIOR TO CALLING YOUR ESCROW OFFICER TO CONFIRM' WiRE INSTRUCTIONS. ONLY USE A PHONE NUMBER YOU WERE PROVIDED RREVtOUSLY. Do not use any different phone number Included in the emalted wire transfer instructions. 3.Oraiyy COrifirail the wile rerisfei lrastruotoal is iegitlmate and corrinri the bank fouting iaCaFiibei, account numbers and other codes before th 1nsq stems to transfer the funds. 4.Avoid sanding personal information In emallfs or texts, Provide such Information in person or over the telephone directly to the Escrow Officer. 5. Take steps to secure the system you are using with your email account. These steps 'include creating strong passwords, using secure WIFI, and not using free services. if you believe you have received questionable or suspicious wire instructions, immediately notify your bank, the Escrow Helder and your real estate agent. The sources below, as well as others, can also provide Information: Federal Bureau of Investigation: https1i/www.ftf.gavi National White Collar Crime Center. httpe!,mw.nw3c.or1 Cn Guard Online: https:'Mrvw.onguerdonflne.govt By signing below, the undersigned acknowledge that each has read, understands and has received a copy of this Wire Fraud Advisory. Buyer seller =?_ 1�� z-- fsfas an Inc Did e 1��1_1/1 Se er Cate 9 2016, Caurdcmla Aesoewtton d REALTORS*, Inc, United States copyright law Mee 17 U.B. Code) forbids tins wsatthar'zod drrenbutan, display and repraducaon of tis form or any ,•orlon thereof by Photocopy maehWse or any other moans ;missing rtaarrel a or computerized forma, THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS* (CAR.). tJO REPRESENTATiON iS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANr..ACTION. A REAL. ESTATE BROHER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE' TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This forrr b made eaulebto to real estate professionals through an agreement w'• or purchase Porn CAR. It is net intended to identify the ...ser ea a REALTO+i*. REALTORS is a registarod mister,* membership merit which may to LAVI only by membena of tar NATIONAL ASSOCIATION Of REALTORS* who sub crbe to :'s Ccdo of Ethics 7ubl Jhed cod Distr6uti:I'oy cs REAL ESTATE auSINESS SERVICES. INC. a m16rQalary ar C» Catilumra Asaooation o!REAL TORS .526 South Vbyi Avm-ue Let ancaea. CaEromie 9CO2CC WFA 6/1S (PAGE 1 OF 1) Wise=;Filth ADVILCIRY itAf7A P.1?;F 1 C)F 41 CALIFORNIA POSSIBLE REPRESiENTATIONN OF MORE THAN ONE BUYER ASSOCIATION OR SELLER - DISCLOSURE AND CONSENT OF R E A L T O R S 'a (CA,R, Faro PREIS,11riej A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or sever. This muttipia rearesentaticn can occur through en individual licensed as a broker or ealesperson or through different individual broker's cr salespersons (associate licensees) acting under the Broker's iicerse. Tna associate licensees may be working out of the same or different office locations. Multiple Buyers: Broker (individually or the:ugh Its associate licensees) may be wcr'iing with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making en offer cn any particular property whether ar not Bracer represents other buyers interested in tho same property. Multiple Sailers; Broker (irdividually or through its associate licensees) may have listings an rr..any properties at the same time. As a result, Broker will attempt to find buyers for each of those list sd properties. Some fisted properties may appeal to the same prospect 'e buyers. Some properties may attract mere prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller's property and consents to Broker acting as a dual agent for both seller and buyer in that transactor, If Buyer is represented by Broker, buyer acknowledges that Broker may represent sailers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property. in the event of du& agency, seller and buyer agree that: (a) Broker, without the prior .written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is wilting to sell property at a price Less than the listing price; and (c) other than as set forth in (a) and (b) above, a duel agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties. Offers not necessarily confidential: Buyer is advised the sailer or listing agent may disclose the existence, teems, or conditions of buyer's offer unless all parties and their agent have signed a written confidentiality agreement. Whetter any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community. the listing agent's marketing strategy and the instructions of the seller. Buyer and seller understand that Broker may represent more than one buyer or mere than one seller and even both buyer and seller on the same transaction and consents to such relationships. Setter end/or Buyer acknowledges reading and understanding this Possible Representation of Mare Than One Buyer or Seiler - Disc e and Consent and agrees to the agency possibilities disclosed. Seiler !;fairer( lnc. Gate? 07475: t?: 7 SeilerDat+r Buyer Buyer Reel ESta?tS t3(zke" (�'r `r*j alh}r By Sob Nouran Rea; Estate Broker (Firm) Solf +_ca C;iy Of ,V t'oPSIT C t ' s�L The City of National Citi- bate 7/ / '7 Date CalBRE Llc # 1425577 _ Date 07.05/2C17 Ca1BRE Lic #-'t35Cf32 Date 0705/2017 Cal Lic J# CaRElBRE Date Lic tt flee____ V :C'4, Caiioml3 Asaocisienar REALTCRSZ. Ins Utited Sues cap5vighl law MI6 17 U.S. Cede) fonalds the unewifer¢wi &se:but n, d eyH,y and ropredeoaon of P. form, ar any portion Tango f, ay photocopy machtne er any other means. irckjjing faesimbe ar computer -lose formats. THIS FORM HAS SEEN APPROVED BY roe CALIFORNIA ASSOCUSTION OF REALTORS& (CAR,), NO REPRESENTATION S 4AADE As TO THE LEGAL VALIDITY OR ACCURACY CF ANY PROVISION IN ANY SPECIFIC TRANiSACTION. A REA:. ESTATE BROKER IS TI+E PERSON GOUAL,IFIED TO Aa' 13E ON REAL ESTATE TRANSACTiONS. iF YOU DEStRS LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This rani Is made avaiak:e t0 real estate ororesa$onals dire u h an armament w or perdue* from the Cattorn a Aasodebon et REALTORS '. it is not :ntanded to ideality the Ater as a REALTOR'A. REALTORIII 's a ropst red co$eobve membership mark wr ion'My be used onty by members _4 the NATIONAL ASSOCIATION CF REALTORS& ret o subscribe :o Its Cade c4 Pubttahee and Diaeitvted by' REAL ESTATE BUSINESS SERVICES, INC. se.berde,yor the California AssecletIonofREALTORS& L a , 626 South Virg! Avenue, Lee Angeles, California 40020 Reviewed by_ Date ! ;, PRBS 1'11d (PAGE 1 OF I) ( _... _ _.oevamo POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER (PRBS PAGE 1 Or i) � • CALIFORNIA DISCLOSURE REGARDN3 ASSOCIATION REAL ESTATE AGENCY RELATIONSHiP OF R E A L T O R S t (Selling Fern to Buyer) (Aa required by the Cw! Coda) (C.A.R. Form AD, Revised 12114) l (If checked) This form is being provided in conreseticn with a eareaction fora 'leasehold interest exceeding ore year as per Civil Cede stoup 2C73.13(k) and (rt,). When yeti er:ter into a discussion with a real estate agent regardirig a real estate transaction, you shc:.td from the outset ur,derstard what type of agency relationship or representation you wleh to have with the agent in the transaction. SELLER'S AGENT A Starts agent under a Gating agreement with the Seiler acts as tee agent for the Seller only_ A Seller's agent or a subasWnt of that agent has the following affirmative ebtgaticrs: To the Setter: A Fidec ary duty of utmost care, integrity, honesty and loyalty In deaings with the Seiler. To the Buyer and the Seiler. (a) Diligent exercise of reasonable skit and care in performance of the eeenr s duties. (b)A duty of holiest and fair dealing and good fain:. (c)A duty tc disclose ail facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the dint attention and observation of, the parties, An agent is not oblgarted to retreat to either party any confidential information obtained from the other party that doss not involve the affirmative duties set forth above. BUYER'S AGENT A selling agent can, with a Buyer's consent, agree to act as agent for the Buyer only. to these situaliers, the agent Is not the Setter's agent, e•ee if by agesernetnt the agent may receive compensation for cerr;ces rendered, either in tuR or In part from the Seller. An agent acting only for a Suyer has the following afirmative obligations: To tee Buyer A fiduciary duty of utmost care, integrity, haneety and loyalty In dealings with the Buyer. To the Buyer and the Seiler (e)Dtiigant exerceee of reasonable skill and care in performance of the agent's dine. (b)A duty of honest and fair deatrg and good faith. (c)A duly to disclose all facts known to the agent materially affecting the value or d:'ekeibility of the property that are not known to, or within the diligent attention and observation of, the parties. An agent s not obligated to reveal to either party any confidential Information obtained from tie ether party that does not involve the affirmative duties set forth above. AGENT REPRESENTING BOTH SELLER AND Bt YER A real estate agent, either acting directly or through one or more associate licensees, can' legally be the agent of bolt; the Seiler and the Euyar Ina transaction, but cnhy with the knowtedge and consent of bctri the Seller and the Buyer. In a dual agency situation, the agent has the following affirmative oblgationa to both the Se4eer are the Buyer-. (a)A fiducie,y duty of utmost care, integrity, honesty and loyalty in the dealings with wither the Serer or the Buyer. (b) Other duties ei the Seiler and the Buyer as stated above In their respective ses:tions. In representing both Seiler and Buyer, the agent may not, without tars. express permission of the resecarite. party, disclose to the other part, that the Seller wits accept a price less than tie listing price or that the Buyer wit pay a price greater than the price offered. The above dotes of the agent in a real estate trartsactlon do not relieve a Seller or Buyer from the responsibility to protect his or her own nterssts, You should carefully read all agreements to assure that they adequately express your uisderstanding of the transaction. A real estate agent is a person qualified to advise about real estate. If le -gel or tax advice s desired, consutt a competent professiona:. Terse troutyour rear m g properly transaction you may receive more ihao one d sctcsu.e form, depending upon the number of agents assisting in the transaction. The !aw requires each agent with whom you have more than a casual relaConship to meant you with this disclosure farm. You should read its contents each tore h is preeentsd to you, considering the relationship between you and the real estate agent in your specific transaction. Tide disclosure form Includes the provisions of Sections 2079.13 to 207L24, inclusive, of the CMI Coda sat forth on page 2- Read it carefully. WIE ACKNOWLEDGE RECE.'PT OF A COPY OF TiitS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTED ON THE BACK (OR A SEPARATE PAGE). k7 Buyer l Settee 3 s d ore i ll Tenant Date Seger El_ Seiler D L ars old i Textant Date Agent S&f : 7;R'rti$srrt`-d BRE Ltc. # Real Estate Broker (Firm) BY BRE Lk.* Date (Salesperson or Broker Assodate) y o lions our Agency Dlaciosure Corrpaance (Civv Code §2078.14): . When the tisttrg brokerage company also represents Btryerirena,.s: The ListIr g Ayer+.l shalt have one AD form signed by Seirer!Lana ord and a dif zrent AD form stdr.ed by BLyerrrenant. ▪ When Seilerl..andlard and Buyer/Tenant are represented by different brokerage oo npanies: (i) the Listing Agent chat have one AD form signed by Ssllertterxlicrd and (a) the 5uyeesit-eranrs Agent that have one AD form signed by Beyer/Tenaet and settler that Barra or a different AD form presented to serer/Landlord for sig :ale a prior to presentation (Atha offer. f the same form is used, Seker may Sign here: Sty1er/Landloni Dale The eopyrigtn'ewe or t e Unfeed States (race 17 U.8. Code) forbid thts :inauthortaed reproduction of ih Fe ttm:, or any per5On'bereor, by phatocboy machine or sly otter nYeena, including terslmae or compi,le^seliormsts. Copyright C 1 gg 1.2010, CAUFORNIA ASSOCIATION OF R EALTOR S6, ALL RIGHTS RF.3ERVED. AD REVISED 17114 (PAGE 1 OF 2) SeSeetandlerd iirvtcwegbr.-�.-�-Mate DISCLOSUR SF3ARAIf1G REP L 1&TATE A EMC RELATIONSHIP (AD PAGE 1 OF 21 CIVIL CODE SECTIONS 2079.24 (2079.18 APPEARS ON THE FRONT) 2019.13 As reed in Sections 2079.14 to 2079.24, indurains, the forlw^ng terms hove the following meanings (a)'Agee means a parson *sang under provisions of Tate 9 (commencing with Section 2295) In read property trensedior, and 4'dudes a person who is licensed as a real estate broker under Chapter 3 (commencing with Section 1 C130) of Part 1 of D rieien 4 of the Beeine ee arch Professiers Code, and under wi es, license a tiring a executed or en after to purchase is obtained. (b) "Asaoddate froer nee` none a person who is licensed es a real aerate broker a ralaaperaon ureter Chapter 3 (oanmenrlrig wfh Section 13130) of Part 1 of Division 4 of the Business c. d Pro elan Code and who is ether ikensex9 waxier a broker rase whited into u written a3rdr31rx wth a broker to sax as the broker's agent in wrrveotion With acts requiring a real estate liceitise and to funefien under the broker's supervision in the depacify of an associate rcensee. The agent in the real nroperty (rev action betel eor;portnfnt3$y for his nr tier as+ncate lcanseea wine oerYarm rue agents of the agave. Vahan an isuxiates tiryX+agP owes a duty to any principal. or to any buyer or seller wi a is not a principal, 0 a reel properly irersactiort, t%tal dirty is equivalent b he duly owed to that party by the broker tot whom the aeaoeiate licensee 4,sutiona. (c) Be',yt means a 7artelea e t s reel property transaction, and esciudes a persica! vvt-,o aXso ite& an offer to prathase real proper.) from srai'er lymph an agora or wee sees the rewrote of an agent In more than a casual, trartsirsry, or preliminary over or vrEh: the object cf antitkne h-rto a renal property taaneadcr, Buys:' includes vendee or ieseaee. (d)-Canmwdai real property' means a! reel property el Uhd state, areict single-family residerria real property. dWeing units made subject to Chapter 2 (connmenang erlh $4caorr, isi0) of This 5, mobliehomee, ea dsnned''n Section 708,3, or recreations! vehieisa es defra d In Section 799.29, (e) "Dual tiger( means en agent acting, either direct`) et through an associate ?Soarst s, as agent for both ttw atelier and the buyer in a reei property transaction, (fl Listing agreement' means a contract between n an teener c.' real property aid an agent, by welch the eeent has been authorized to sell the real property orb ind or obtain a buyer. (e) *Liaiirhq ages' means a parson who has ebb read a ttsting of real property to act as an agent $er oornpensat1on. On 'Listing price' is the amount expressed In do3arx toadied :n the testing for which the seller is ware; 0 sea the real properly th auee the Estee agent (i). •Of!ntirg prior' is the emoted expressed in Miens epectEed in an offer to pterh,ase for which the buyer is 'mere to buy the real property. (1) '(Year to ps executed by a buyer acting through a selling agent that Winona* the contract for the sale of the red F^foP�Yr +�+ by the eater. ecream a W' Contract (k) "Rani property' means any estate specified by subdivision (1) or (2) of Section 701 In properly that curt:States or is Improved with ore to tour dwe1ng trete any commercial real property, any w;urahoe: a these types of property exceeding one years duration, and mobeehann, when altered for cats or eok! Mvroegh an avant puruant to the authority contained in Sactkn 10131.E of Cie Busireas end Professions Co.da(1) 'Real property 6•anaaelion' means a transaction for the sale of real property in whirl, an agent is employed ey one or mere of the principals to ad In that transacion, and includes a Listing or an offer to purchase. (m) `Set,"sal,` or 'add' refers to a transactor ¶or the ems* at real proparty from the seller to the buyer, and indudee exclanpes of real property between the setter and buyer, rranaacticns tar the entre: cn of a real property stake contract within the moaning ea Section 2945, and traruadions for the creetto cf a lea ribald ereeedre ono year* duration. (n) 'Seder' means the tranafkror 0 a real property transacbon, twee 'mere** an owner Wow saiu reel property with en agent *halter or net a barb -far results, a who receivee an offer tc pun :hose real property of which het or she 4 the amnia from an agent on behalf of *Houser, `Setter' includes both a veneax bend a lessor, (a) 'Sating agent' means a nlaitng agent who safe atone, or an agent Who acts in impetration with a hating seem, and who eels or ends and obtains. a buyer for the real property, or an avert who locator property Ice a buyer or who a rida a buyer for a property for Which no keen() exists and presents an ofl.r to purchase b the sailer, (p) 'Subagent' means a posers tc ehori air agent delegates agency powers as provided in Artcla 5 (canmerrinq With Section 2Se9) 7f Chapter 1 of Tide 9. However, 'subaoer3' ecea net ineart a sin Bestir tie icerheeee veto is acting under the suptrtsslat our an agent In a real property tra sadion. 2110.14 Lacing agents sr.d saaing agents shag provide the seller and buyer an a read prorsorty t erisa:t`cr with a copy of the dos 'eaere form specified in Sectirx, _078.1G aid, axcape as asele d in sa bdsisiwn (c), shzA cabin a signed adcnowledgereert o1 rewire ham that sale' or buyer, except as provided in this section or Section 2079 15, ea feIowa: (a) 'hrs 1 saliva etlent if any, ahai! provide the rarr4'avre hen to the sake poor to entering into tee ieteve agreement (b) The se4Enp egert ss aC provnde i e er: ro Sons to tine serer as sown as prao.:cobte prior to presenting this seder wile an o er b purhaes, un ass :t Al caSrg sort prerousy provided the seder With a copy o' the it sciesera foram perseent to r tereasion (ea), (c) 'Mere tie sating agent does net decal on a lace -to -fares basis worn the Weir, rho daveersore form prepared by the realleg agent may be turrnisr'ee io the seater (end eccnoW4edgement of receipt obtained Ysr ttte seeing agent from the seller) by to tI b ng agent, or tie son ng arart may delver the trtd ostra 'tarry, by canted mail addressed to the sneer at hie or her test known address, in which case no Sweat acknowledgement of rwrwr± ie required. (d) The sang agent shall provide the ceadoaxe form t4 the buyer as soon as prectiealaa prior to exacuton d the buyer's offer to purchase, except that A the offer to purchsa is nW prepared by the aet'ng ewe, the serene agent seal present the disclosure hint to the buyer not tater tun the next leeriness day after the seethe agate re ceivea the offset to purchase from tee buyer. 2079.15 In any dreumstenc a in w`ldn the seller or buyer refuses to sign en actcsowladgement of receipt p,rsuer 'o Stain 2079 14, the agar. or an associate licensee acting for an agent, shati se forth, sign. and date a written daxxaratbn of the facts of the re`etsal. 2079.1$ Reproduced on Page 1 of this AD form 2079.17 (a) As soon as prartkatie, the stare twirl she) diseloae to the buyer and serer abetter the;idling vont is scare kt the real Impiety trarraaction torailiveiy as the buyer's agave arci_r> 44y as Iv wools agent or es a dual agerr reprasetsetiee both the buyer and the seder. This refationohsp shah be ur mini 10 Ice extract 1r pa -chime end eel real crriperty or ei a separete writing executed or addnayve ad herd :s to sestet% ter teeter, end the selling agsrt pal( b CI cxnd-an( with execs .sort cf that eraser by the buyer a ta die sadr_r reedawlvety. (b) As soon as practicable, Cho lave agent fatal rfesresse to the seller whether the :sera agents ectang in the real ; arty eerie:actor. eratativety as the ::Petters apes, or as a dual agent reptesendn7, bah one buyer and steer. This reielionship Ural be =lev a in Bee sore act i4 perdwae arid sell real properly mina *epees writing execute or acknowledged by the staler and the "etno melt peke to or cokecdent with fee execution of tad contract by the refer. (c) The serration requtredt by sebelv Ions (a) and (b) Oak be in the fcic einqq norm (DO NOT COMPLETE, SAMPLE ONt,YI Is the agent a( *oie one): G'the seater exclusively; or n both he buyer and salter. (Name of Listing Aged) EDO NOT COMPLETE. SAMPLE ONLY as the gent of cneck ene): G the buyer exclusively; or U the *rifler exrlusivele or (Mama 0f Sang Agent If not the earns as the oaring Agent) 0 both the buyer and setter. (d) The disclosures and confirmation required by thie section shell be Si eddidor so the d"eaciesere required by Section 2079.14. 2079.1a No asitg agent Yn a reel meeerty faraaacton may el as at agent for lee buyer *sty, **WC the ceding atom eiso acting as he bating agent do the t,ansadiar 2074.19 The payment of compensation or the obligation to pay eempenaatmn to an agent by the saler or buyer is not naceaasrYy determinative of a particular agency relationship between an agent and the salter or buyer, A Nedra agent and a sating agent may agree to store any compensation or commission paid, or ery right 10 any ccmpersation or commission for which an otoi:gztion arises as ttu, retreat of a real estate then secton, and the terms of any such agreement sherd not neceasariy be determinative of a particular relationship. 2079,20 Nothing in this ar°icfe prevents an agent from sateciing, as a conittittin of to agent's employment, a specific him of agony relatbnsh.'p not specifically prohibited by this entcie if the requirements of Section 2079.14 and Section 2079.17 are complied wile. 2079.21 A deeJ agent shalt not dfsd„^se 0 to buyer that the sae( is wiling to se0 the property et a preen teas than the listing price, W4thoul the anrpres-s wn'.bn annsent of tee seller. A dud agent site! not firedog. to the seller that the buyer Is Wiling 10 pay a price protest' trust he ctiering price, without doe express written connect et the buyer. This section does rot dor in any very the duty or respensititly of a dual agent to any principal with respoct to confidential information other than price. 2079.22 Notting in this ornate prr.ct'.,dtas a Utter agent from also being a selling agent, and the combination of theca functions in one agent does riol, of Wit make that agent a dual agent 2079.23 A contract between the principal and agent may be modifsd a altered to change the agent' retetionahip at any time before the performance of the act which is the object of the agency with the written convent of the parties to the agency retal,onship. 2579.24 Nothing :n this article aha7 be centred to either d(ntinieh tut duty of trsciosure rased buyers and saws by agents one their associate licensees, subagents, and employees or to relieve agents end their associate licensees, autasgenta, area employees from lab%1y tor their coral=G In connection web acts governed by this article or for ary broach of a ff4ucfary duty or a duty of disdcsure. Persahed Ina ass -elutes 10 _. REA' ESTATE tki.SIN£SS sEff`ACCs, ) s sassidiarf 01sts Cawfa-eia 1440a1070n 01 4 'UP.SE ` t f .526 Scar ` tie. Aroma, _aa Argues. Celkrn:a 00020 -.... _.. _ _. AD REVISED 12/14 (PAGE 2 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP (AD PAGE 2 OF 2) ?rcdbrred rat zipForrtte ter zlpLogtx 13770 Freer Mao R t, Fraser, Mactvpm, 4MCC8 * V/ dal 0^1y 'err, T. M City of Sas .... „�_.Q DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 CALIFORNIA ASSOCIATION BUYER'S INSPECTION WAIVER ltr OF R E A L TO R S (C.A.R- Form BiW, 4/08) 421 W21STStreet Property Address: National City, CA 91950 ("Property"). A. IMPORTANCE OF PROPERTY INVESTIGATION: Unless otherwise specified in the purchase agreement used, the physical condition of the land and any improvements being purchased is not guaranteed by either Seller or Brokers. For this reason, (I) you should conduct thorough inspections, investigations, tests, surveys and other studies (Investigations) of the Property personally and with professionals of your own choosing who should provide written reports/disclosures of their findings and recommendations, and (ii) you should not rely solely on reports/disclosures provided by Seller or others. A general physical (home) inspection typically does not cover all aspects of the Property nor items affecting the Property that are not physically located on the Property. If any professional recommends additional Investigations, including a recommendation by a pest control operator to inspect inaccessible areas of the Property, you should contact qualified experts to conduct such additional Investigations. B. BUYER RIGHTS AND DUTIES: You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and to investigate and verify information and facts that you know or that are within your diligent attention and observation. If the purchase agreement gives you the right to investigate the Property the best way to protect yourself is to exercise this right. However, you must do so in accordance with the terms of, and time specified in, that agreement. It is extremely important for you to read all written reports/disclosures provided by professionals and to discuss the results of Investigations with the professionals who conducted the Investigations. C. WAIVERS: 1. HOME INSPECTION WAIVER: Broker recommends that Buyer obtain a home inspection, even if Seller or Broker has provided Buyer with a copy of a home inspection report/disciosures obtained by Seller or a previous buyer. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. ( )( ) Buyer has decided not to obtain a general home inspection at this time. Unless Buyer makes a subsequent election in writing during Buyers investigation period, if any, Buyer waives the right to obtain a general home inspection. 2. WOOD DESTROYING PEST INSPECTION WAIVER: Broker recommends that Buyer obtain an inspection for wood destroying pests and organisms (whether paid for by Buyer or Seiler). IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. ( )( ) Buyer has decided not to obtain an inspection for wood destroying pests and organisms at this time. Unless Buyer makes a subsequent election in writing during Buyer's investigation period, if any, Buyer waives the right to obtain an inspection for wood destroying pests and organisms. 3. OTHER: Broker recommends that Buyer obtain an inspection for the following items: IF YOU DO NOT DO SO,YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. ( )( ) Buyer has decided not to obtain the inspection(s) noted above at this time. Unless Buyer makes a subsequent election in writing during Buyer's investigation period, if any, Buyer waives the right to obtain such inspection(s). 4. ADDITIONAL WAIVERS: Buyer has received a: General Home Inspection Report/Disclosure, prepared by dated Wood Destroying Pest and Organism Report/Disclosure, prepared by dated Other Report/Disclosure, prepared by dated That report/disclosure recommends that Buyer obtain additional Investigations, Broker recommends that Buyer obtain those additional Investigations. iF YOU DO NOT DO SO,YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. ( )( ) Buyer has decided not to obtain any of the additional inspections or reports/disclosures at this time and, unless Buyer makes a subsequent election in writing during Buyers investigation period, if any, Buyer waives the right to obtain such additional inspections or reports/disclosures. Buyer represents and agrees that Buyer has independently considered the above, and al! other Investigation options, has read all written reports/disclosures provided by professionals and discussed the results with the professional who conducted the Investigation. Buyer further a • rees that2nless Buyer makes a subsequent election in writing during Buyer's Investigation period, if any, Buyer ive - 7? ri • 13M� onduct the Investigation(s) above. 7 Buyer �� ‘ / Date /// elf 7 The City of N. .onai Buyer Date The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this form. or any portion thereof. by photocopy machine or any other means, including facsimile or computerized formats. Copyright ® 2000-2008. CALIFORNIA ASSOCIATION OF REALTORSe, INC. ALL RIGHTS RESERVED. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (CAR.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE. CONSULT AN APPROPRIATE PROFESSIONAL. This form is available for use by the entire real estate industry_ It is not intended to identify the user as a REALTOR®. REALTORS, Is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF RFALTORSO who subscribe to its Code of Ethics Published and Distributed br REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS✓& Reviewed by — Data 525 South Wgil Avenue, Los Angeles, California 90020 BIW 4/08 (PAGE 1 OF 1) BUYER'S INSPECTION WAIVER (BIW PAGE 1 OF 1) ew.r 6+eusw O�•Oril:�nl,(y Premier Realty Associates JESS Mercury St M214 Sae Diego, CA 92' 11 Phone: d5S-277-6I73 Fax: 420 W. 21,15 i John Lem4,e Produced with zipForrfi® by zpLoglx 18070 Frteen Mile Road, Fraser, Michigan 48026 wwZII2w i iv m m DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 4-lik CALIFORNIA -"I ASSOCIATION ��'� OF REALTORS® VERIFICATION OF PROPERTY CONDITION (BUYER FINAL INSPECTION) (C.A.R. Form VP, Revised 4/07) Property Address 421 W 21 ST Street National City CA 91950 The purpose of this inspection is to satisfy Buyer regarding the condition of the Property. Buyer and Seller understand and agree that unless otherwise agreed in the prior contractual agreement between Buyer and Seller: (i) a final inspection is not a contingency of the purchase and sale, and (ii) the inspection or waiver is not intended in any way to alter the contractual obligations of Seller regarding the condition of Property to be delivered to Buyer at possession date. The inspection or waiver is not based upon any statement or representation by Broker(s), Associate-Licensee(s) or brokerage employees. The undersigned agree to hold Broker(s), Associate licensees and brokerage employees harmless from any liability, claims, demands, damages or costs arising out of the contractual obligations of Buyer and Seller concerning the condition of Property. 1. Buyer acknowledges that: (1) Property is in substantially the same condition as on the date of acceptance of the offer to purchase/sell; and (2) Seller has completed any repairs, alterations, replacements or modifications as agreed to by Buyer and Seller with the following exceptions: The evaluation of the condition of the Property, including any items listed above, is based upon a personal inspection by Buyer and/or tests, surveys, inspections, or other studies performed by inspector(s) selected by Buyer. OR (if checked): 2. Broker recommends that Buyer conduct a final inspection. If Buyer does not do so, Buyer is acting against the advice of the Broker. Buyer waives the right to conduct a final inspection. Receipt of a y is hereby acknowledged. Date / ( P fl?'7 Buyer Date Buyer Seller Seller The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. Copyright ® 1986-2007, CALIFORNIA ASSOCIATION OF REALTORS®, INC. ALL RIGHTS RESERVED. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (CA.R.). NO REPRESENTATION IS MADE A5 TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is available for use by the entire real estate industry. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of fhe CALIFORNIA ASSOC/AT/ON OF REALTORS® M• 525 South Virgil Avenue, Los Angeles, California 90020 VP REVISED 4/07 (PAGE 1 OF 1) ( Reviewed by Date VERIFICATION OF PROPERTY CONDITION (VP PAGE 1 OF 1) Premier Realty .Asaeeinteo 4851 Mercury Si 1214 Can Diego. CA 92111 Phone: ASR-277-4173 Fax: Jobe Lemhau Produced with zipForrne by zipLogix 18070 FJteen Mile Road, Fraser, Michigan 48026 szrie2ipLcigusgxn 420 W. 21st st J DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1 E2AF7 This Property is a duplex, triplex, or fourptex. This AViD form is for unit # NIA Additional AVID forms required for other Inspection Performed By (Real Estate Broker Firm Name) Premier Realty Associates California law requires, with limited exceptions, that a real estate broker or salesperson (collectively, 'Agent) conduct a reasonably competent and diligent visual inspection of reasonably and normally accessible areas of certain properties offered for sale and then disclose to the prospective purchaser material facts affecting the value or desirability of that property that the inspection reveals. The duty applies regardless of whom that Agent represents. The duty applies to residential real properties containing one -to -four dwelling units, and manufactured homes (mobilehomes). The duty applies to a stand-alone detached dwelling (whether or not located in a subdivision or a planned development) or to an attached dwelling such as a condominium. The duty also applies to a lease with an option to purchase, a ground tease or a real property sales contract of one of those properties. California law does not require the Agent to inspect the following: • Areas that are not reasonably and normally accessible • Areas off site of the property • Public records or permits • Common areas of planned developments, condominiums, stock cooperatives and the like. Agent Inspection Limitations: Because the Agents duty is limited to conducting a reasonably competent and diligent visual inspection of reasonably and normally accessible areas of only the Property being offered for sale, t eee are several things that the Agent will not do. What follows is a non-exclusive list of examples of limitations on the scope of the Agent's duty. Roof and Attic: Agent will not climb onto a roof or into an attic. Interior., Agent will not move or look under or behind furniture pictures, wall hangings or floor coverings. Agent will not took chimneys or into cabinets, or open locked doors. Exterior: Agent will not inspect beneath a house or other structure on the Property, climb up or down a hillside, move or look behi plants, bushes, shrubbery and other vegetation or fences, walls or other barriers. Appliances and Systems., Agent will not operate appliances or systems (such as, notimited to, electrical, plumbing, pool Size of Property or improvements: Agent will not measure square footage of lot or improvements, or identify or locate bounda j CALIFORNIA �► ASSOCIATION OF it E A L T O ii S` AGENT VISUAL INSPECTION DISCLOSURE (CALIFORNIA CIVIL CODE § 2079 ET SEQ.) For use by an agent when a transfer disclosure statement is required or when a seller is exempt from completing a TDS (CA.R. Form AViD, Revised 11/13) This inspection disclosure concerns the residential property situated in the City of San Diego San Diego , State of California, described as9 County of 420 tN 21st St units. spa, heating. cooling, septic, sprinkler, communication, entertainment, well or water) to determine their functionality. lines, easements or encroachme nts. ("Properly"). up nil or ry Erwironmenta) Hazards. Agent will not determine if the Property has mold, asbestos, lead or lead -based paint, radon, formaldehyde or any other hazardous substance or analyze soil or geologic condition. Off -Property Conditions; By statute, Agent is not obligated to putt permits or inspect public records. Agent will not guarantee views or zoning, identify proposed construction or development or changes or proximity to transportation, schools, or taw enforcement. Analysis of Agent Disclosures: For any items disclosed as a result of Agents visual inspection, or by others, Agent will not provide an analysis of or determine the cause or source of the disclosed matter. nor determine the cost of any possible repair. What this means to you: An Agent's inspection is not intended to take the place of any other type of inspection, a fill and complete disclosure by a seller. Regardless of what the Agent's inspection nor areis it madea substituteslfor California Law specifies that a buyer has a duty to exer-�.ise reasonable care to protect himself or herself. This du y encompasses by salads which are known to or within, the diligent attention and observation of the buyer. Therefore, (n order to determine for themselves veS er not the Property meets their needs and intended uses, as well as the cost to remedy any disclosed or discovered defect, BUYER SHOULD: (1) REVIEW ANY DISCLOSURES OBTAINED FROM SELLER; (2) OBTAIN ADVICE ABOUT, AND INSPECTIONS OF, THE PROPERTY FROM OTHER APPROPRIATE PROFESSIONALS; AND (3) REVIEW ANY FINDINGS OF THOSE PROFESSIONALS WITH THE PERSONS WHO PREPARED THEM. iF BUYER FAILS TO DO SO, BUYER IS ACTING AGAINST THE ADVICE OF BROKER. The copyright taws of the n,ted States (Title 17 U.S. Code) forbid the unauthonzse reproduction of this form, or any portion thereof, by photocopy machine or arty other means including facsimile or computerized formats Capyright:+2007-2013, CALIFORNIA ASSOCIATION OF REALTORS& INC. AU. RtCI R'S RESERVED. II AVID REVISED 11l13 (PAGE 1 OF 3) 1 Reviewed by Date Buyer's initials. ) Seller's initials () ( AGENT VISUAL INSPECTION DISCLOSURE (AVID PAGE 1 OF 3) ...0ArryfaTT ((eaten' SO4rtt,1135 Gsreet Ave.115 Sat NNNegc. CA 42109 Itu4urt Named Pro rucwl wars r v n '02 Fax: 619-233-3333 Wan, hie pForr� y >=+pLoyix 18e7e FtII�n Mk Roetl, Fraser. hfichlgen +BO26 N'VIiY.Z1DLOLjIx,COfil DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 420 W 21st St Property Address: Sari Diego, CA 91 950 Date: May 11, 2017 If this Property is a duplex, triplex, or fourplex, this AVID is for unit # NIA Inspection Performed By (Real Estate Broker Firm Name) Premier Realty Associates !nspection Date/Time: 05/111201T 3PM Weather conditions: Sunny Other persons present: The seller THE UNDERSIGNED. BASED ON A REASONABLY COMPETENT AND DILIGENT VISUAL INSPECTION OF THE REASONABLY AND NORMALLY ACCESSIBLE AREAS OF THE PROPERTY, STATES THE FOLLOWING: Entry (excluding common areas): Paint is pealing on the post in front of the door. Living Room: Noted some finger print spots on the north wall. There is about 1 inch dry wall damage above the on & off key switch next to the front door. Window covering has a few pieces missing on the south side. Dining Room: Kitchen: Other Room: One floor Ile is cracked. One under sink door cover is loose. Ha1UStairs (excluding common areas): Bedroom # 1 : One of the window covering parts is loose. Bedroom # 2 : There is a black screw on the south wall. Bedroom # Sath# Bath# Bath# Other Room. Toilet seat is loose. Buyer's Initials ( copyright fg 2013, CAL IA ASSOCIATION OF REALTORSe, ruc AVID REVISED 11/13 (PAGE 2 OF 3) Seller's Initials Reviewed by Date AGENT VISUAL INSPECTION DISCLOSURE (AVID PAGE 2 OF 3) Frtduced with zib,Fcrnue by zipLpgix 18070 Fifteen Mica Road, Fraser. Michigan 48026 wwwlDLOa.c m Istdan, Inc DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFEIE2AF7 SELLER BUYER BUYER Real Estate Broker (Firm Representing Seller) By 420 W 21st St Property Address: San Diego, CA 91950 If this Property is a duplex, triplex, or fourplex, this AVID is for unit # N/A Other Room: Other: Other: Other: Date: May 11, 2017 Garage/Parking (excluding common areas); Exterior Building and Yard-Front/Sides/Back: The fence is a bit loose. Other Observed or Known Conditions Not Specified Above: This disclosure is based on a reasonably competent and diligent visual inspection of reasonably and norms areas of the Property on the date specified above, gY accessible Real Estate Broker Firm who performed th specti�n) By/�i" i �/ "—z ' 1 (Signature of Associate Licensee or Broker) Bob Nourani Reminder: Not all defects are observable by a real estate licensee conducting an inspection. The inspection does not include testing of any system or component. Real Estate Licensees are not home inspectors or contractors. BUYER SHOULD OBTAIN ADVICE ABOUT AND INSPECTIONS OF THE PROPERTY FROM OTHER APPROPRIATE PROFESSIONALS_ IF BUYER FAILS TO DO SO, BUYER IS ACTING AGAINST THE ADVICE OF BROKER. l/we acknowledge,,that (/we have read, u :' rstand and received a copy of this disclosure. SELLER --`._-L 1 --`'--t__in Premier Really {Associate Licensee or Broker Signature) Date 05/11/2017 Date 05tr11/2017 Date Date -7(1 //'% Date / Date Real Estate : g By ker f ism Representi Buye� ?J Premier Realty Bob NotFani ��' ,-t-! "'0\r^�'1 Date 05111/2017 (Associate Licensee or Broker Signature) The copyright Taws of the United States Title 17 U-S. code) forbid the unauthorized reproducyian of this fomi, or any portion thereof, by photocopy machine or any other meats, including facsimile or computerized formats. Copyright 02007 CALIFORNIA ASSOCIATION OF REALTORS®. INC. ALL RIGHTS RESERVED. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS& (C.A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This fame is avaiabie for use by the entire real estate industry. It is not intended to identify the user as a REALTOR& REALTOR& is a registered collective membership mark which rney be used only by members of the NATIONAL ASSOCIATION OF REALTOR$p who subscribe to its Code of Ethics,. r Published and Distributed by: UJ REAL ESTATE BUSINESS SERVICESINC. a subsidiaryofthe CALIFORNIA ASSOCITION OFREA! TGSO 525 South Yoga Avenue, Los Angeles, Cauromia 90020 Reviewed by Date AVID REVISED 11113 (PAGE 3 OF 3) AGENT VISUAL INSPECTION DISCLOSURE (AVID PAGE 3 OF 3) Produced with ripFon€ rby dpLogn 1 ae7Ci Rftcen We Road. Fraser, Michigan 4.9026 rviw.aoLogix-Con, ECUAt kw/sac SCGRRU1rrY tshtan. Inc DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 s4 `-: taro. jrd j ;: Ter',1e3 AQeni C A L I F Q R I I A DISCLOSURE REGARDING' ASSOCIATION REAL ESTATE AGENCY 4ELATlOf iS-i, OF R E A L T O R S 4 (Setting Firm to Buyer) (As required by the CM Code) 1214) (If checked) This form being provided in coneector with a tree actinn for 8leasehold interest exceeding one year as per Civil Code section 2079.13(k) any (rr). When you enter into a dlecussion watt; a read estate agent regarding a real estate transaction, you ahouki frarn the outset understand what type of agency relctonsh„, or representation you woe to have wit the agent in the eaneectipn. SELLER'S AGENT A Sellers agent under a t stirr agreement with; the Seger ads as the agent ter the Seller only. A Selleee agent or a subagent of that agent hes the following atRrmafire obligatione: To the Seller: A Fiduciary duty of utmost care, Integrity, honesty rarer loyalty In deeengs with the Seeer. To the Buyer and the Seiler (a)Diligent exercise of reasonable skill and care In perfomance of the agent's Cutes- (b)A duty of honest and fat dealing and good fault. (c)A duty tc disclose at facts known to the agent materially effecting the value or destrabtity of the prop that are not known to, or within tine dEgant attention, and observation of, the parties. An agent is not obligated to mtYFdi tc Stever party any confidential infommaticn obtained from the other party that does not involve the affirmative duties sat forth above. EWER'S AGENT A eveneing ageeent ea, , with a the agent Buyer's consent, agree to act as agent for the Buyer only. in these situatiors, the agent is not the Sailers agent, yreeietve compensation for services renderer, sit`•,ee in fire or in part from the Setter. An agent acting only for s Buyer has the following affirmative obligations: To the Buyer. A frduclary duty of rrirnost care. Integrity, honesty and loyalty in deaflrrgs with the Buyer. To the Buyer and the Seller *Diligent exert ee of reasonable skill and care in perfcr^ ante of toe &gems i tes- (b)A dole of honest and fair daabng and good faith. (c)A duty to diersose at faces known to the agent materially affeeting the value or desi obi ty of the property that: are not known to, or Within the diligent attention and observation ef, the parties. An agent is not obligated to reveal to either party any carKderaial triton -nee -on obtained from the other party that toes nor invorve the affirmative duties set forth above. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent, either acting directly or through one cr more associate licensees, can legally be the argent el bet the Seger and the Buyer in a transaction. but only with the knewtedge and consent of both tie Set er and the Buyer. in a dual agency situation, the agent has the fatlowtng affirmative obligations to h the Seer and the Buyer. (a)A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either the Seiler or the Buyer. (b)Other duties to the Seiler end the Buyer as stated above in their respective sections. In raoresenting both Seller and Buyer, the agent may not, without the express permission of the respective party, disclose to lie other party that the Seiler wits eccept a prig less than the stating pie or that the Buyer wilt pay e price greeter than the price offered. The above dues* of the agent in a rear estate transaction do not reliance a Seeker cr buyer from the responsibility to protect hs or her own interests. You Vexed d carefully read all agreements to assure that they adequately express your ur+derstandi fig of the transaction. A real estate agent is a person qualified to advise about real estate. if legal or tax advice is desired, consult a competent professions. Throughout your reel property transaction you may receive rhos than one disdost:re >Ta. t&t riling upon the number of agents assisting in Ise transaction. The taw requires Bath agent with whom you have more than a casual retalaonsahel to pre sent you with this disclosure form. You should read its contents each time it is presented to you. considering the relationship between you and tlta teat estate agent in your apec)fo transaClterL This dieciosure form Includes the provisions of Sections 2079.13 to 2079.24, tndustve, of the Civil Code art forth on page 2. Read ft carefully. IME ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE MIL CODE PRINTED ON THE BACK (OR A SEPARATE PAGE). - Eeyer Sae Landlord 0Tsnare •� Date `jie r et= ro rsse;.z: art Resat Estate Broker (Firm) BRE tie. • Date (Salesperson or Broker -Associate) .'icy of Nations; 4^rr Agency Disclosure Compliance (Clvd �e §2079.14): • vehen the eating brokerage for any also repsercente tiuyerfTera3rt: The Uta fig Agent ah fl here one AD tore signed by Seise kar:e ,rd 8r1et a film diferent AD s etrrTer.a.'t. . weer, seeerreeeeiore acre Buyer TensrA one reproweAnteo Oy different brokerege companies: t the Listing Seiler+tardlo,-d and (if) the BuyeesTTer'sr snos .y ` Agent snap have one or? risen sieved by Agent Steal have one AD form aigrted by 3Lyerf"Qnart and at!her that gams or a c�Ffere,^.t Ap form eznee t Sol LA dlo ' fa ignat4ae prior to Pr ofier. tf the same form is used, Serer may sign hare: 1 Se� me Nate The copyright taws Vibe States (Title 17 U.S. Code) forbid iho unsutltortzed reproduction a C it refill, or any cordon thereof, by photocopy msoti#ne or any oche+ moans, including facsimile or eanquYirdzetl forrnobp.. Copyr+,atat C t se 1-2-C/O. CALIFORNIA ASSOCIATION OF REALTORSE. INC. ALt. R:GI-TS RESERVED. ADREVISED 12114 (PAGE 1 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELATI SS .)F ; z :23/4 Date BRE tic.* DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 CIVIL CODE SECTIONS 2079.24 (2079.16 APPEARS ON THE F R O(T) 2011.1S ueect i^ Sections 2079.14 to 2074.24, incivaitre the fakeer* terms heve the fakeer* rneenirige (a) 'Agree' miens s pence &dine wear emetic:ma of Tite 9 ItteetmercOrg wife Section 2295) in II r property tranaectior, end educe* s semen eceo erieso as rea wets tgokay urgie C4i-ApL. 3 (80mmencing we Salton 1013) of Pen 1 of Divelon 4 of the Butirsees end Probasices Coe. wee under weose icersse tete* ie execulso re Ith refer purceem is obtained (b) 'Associate icesesere meer.s a person who is Scented as a real tested brolcer or weespersce unote Chewer 3 Socceensecing with Sedses 12130) re P&r 1 of Division 4 el the Bueiresso sod Prolesoiona Code end who is either licensed weer s broker or ear entered erto a written centred with s broker to ect as tie teckes's agent iT1 =median Oh ace rogueing a real este* kensie and to tundlon under the broioe's 91.1perVOnk rts capacity cl egsodefe Pardee. T agent in the rest rifOnfrty frArAfSntiers nfArl ceireserietherty for his or her associate kenisese ate parterm as aerate cf the agent When ran ampcints trar,:nraran QW1115 di-4y at tan efirCpel Or to any tweeoiseis who LS not a pried* in a real property bansedors that dley is equhiskint to the duly CrAef: SO that pasty by the brisker ice veran the wilecitte licensee fienebons. (c) 'Buyer° mew* a thereferete th 8 reei property Insesecbcn, and indudes a person who emcees en one/ 10 pachese real property from Seter thrOlfift on Ogee:, or who Seethe service; of ar agree in more than 8 meal. transeory. or preliminary mermen wen the deed of entering into 5tee teepee:), trisesectice, te,ese seetudes yeretee or Ind3e0. SISS) teeirrirneresse real preperty- means frit reel propetty rthe Skitte. aSirsitpe.as1y residerts: tea` property, cheek* twits made sebject to Chatter 2 (commencing with Section 1940) of Tee 5, rnoblienornee, se derrick in Seglion ne.3, or ieremitionef vehicles as defined in Seetion 790.29 (a) 'Dual agent' means agse ecting, either devote or evough an &module freeness, es agent for both the stellar and the buyer in It reef property transaction. (f) 'Listing ogee/merle meens a centred between an owner of reef progeny and an ewe by which the agent has bete authorized to oeli the rose property or to kid or obtain c burr. (g) 'teeing Kerr mimes a person vita has °Wined a listing of read properly to test es en agent for odepenestion. th) 'Leer* prtee O a wnot exideseed in doitar4 epoefied el the i',4ra; for sfitch the sekr pus the reel plygerty trough he &sting 109111. (i) OGG' is the erovrt scpressed in ciders seedtwei En an dee to perches* for wheel the buyer s weir* to buy the reel propertyle 'Oiler to purchasemews e vorden centred executed by a buyer sling tivetigh a mint agent that become. the contract fa the MID atter rod properly upon seceptenes by the seller. go 'Real cropiuty" rnwts any estate specified by SUIX-9.49.2C41 (1) or (2) of Section 761 in erterreflY the seffaiifinso or is imPseeed welts ono to UR &AWN untie arri ofeninefeiei rem! esseselth any leasehold n these types of property exceeding one yeses secretor\ and reobeeromere when colored fcs ea* ce sold through an agent pursuant te the autZtrfty sortitineds Seceon ite131.6 or the Businese and Profession Code- (S *Reef vwty vet:section' miesen a Tensaw:ion tor the safe of nee pit wfaeh an sgerl reepioyed by one or more of the principals to ea that sensteation, and betides a Wei* re an offer es serretese. (m) Sei,"selos' or 'sole rakes lo transaction los the Vender of reel property from the seder to the buyer, and indulge exchaness ot reel reef sanest tee Wise and buyer, tenser:km for the 'eeion of e red =petty sobs contract within the ?nothing el Section 2995, and transactions for the Marx-, of a leaseeced edieeckg one yeses duration. ett•Seerie memo 8* eareferre in a real property trarcieden, and inroe anowner to kis real =peaty with at at *tether et not Starrier results, or who ceceivec oPef 10 derehsose real property of which he or the is the crm*r from an agent on bectee M aftother 'Seder* includes tett a winks and a tepee (e) 'Sae* weir rest* e airing agent isno sets Wore, or ar agent who ads in cooperation with a lake agent and vete eels or finds and °Mare e buyer fee the reel property, or se so, s, who beaters property ior a buyer or veto fed; s buyer for a property for vitiates no Wing exists aed txissents an offer to purchase te the seller. (p) "Subegeree means a person to seem egent delevem agency powers fel provided SI Article 5 (tomnionethe with Socket 2349) of Chapter 1 of Tete 9. However, isubegerre does not indede sn emaciate :,oes150.9 ,Wf's0 is acetic; untie- the tupenersiot of an awe Inc rose promely Veronika 2079.14 Listing Nerd reel selling agents shall provide the setter and brayer rs rest property trernection Vett a copy of the decteure tern smelted in Sedion 2079.16, and, except es preneded in sebrevision (c), shell obtain signed tedthesieedgemeet of receipt from that sew or buyer, tutted es mended in tees =ton or Sectlext 2079.15, Se below (a) The We* agent if are, she6 provide The disclosure lone to the "seer prior to entering Stitt the isting topeeffleflt (b) The %sire entit prove* the tiscksure lore he the miler m soon es govetioatee prior to pretwiting the seater with en offer 3: pUsettrais unless the seeing scent preexist* prated the mks with s copy of the disdowes tmi ptrauent to subithision (c) tethers the minagent does not deal ce s fiscestoetice bass vet the seier, the tisclesurri term prepared by the seser* agent rosy be fernishad lc the sever rand ecicncreiedgement of receipt obtained kw the seethe agent frail tte toiler) try tie tieing vent or the sees* agent may Meier 9* discioatts form by cetted nisi aderseeed lo the seder at he or her kw icemen address, in Mike este no signets acknowledgement 31 receir is required. (d) The We* agent shee prevkie the ciedoectre tint C the buyer as soon as precticede prier to esicullort of the buyer's now to purcesse, ents259 that 4 the ofitc to pt.rokese a not mewed by the seem overt. IN, mire* agisol shaP presere tie sisfAISLOR sun\ ts !he 'exiyer not tater then tne neat business day after the setTro *pm (*awes the otter bo purchase tom the buyer. 2078.15 In any drcurratence In which the miler or buyer refeticss to sign an actcricratacigerierrf or race* pursterrt to Secslion 2079,14, tie agent, or an asseceste licensee acting for en agent shall set forth, sign. and date a written deciarebon ot the tects or the refusal. 207S.1 ft Reproduced on Peg. 1 of Ilea AD term. 2079.17 tej As soon ess pretketiak, net sear* ogee shall eisolose k the buses and eater eraser the 'arc spool a ads* ei the reg peopeety -40t1 9O2L9figy the busses agent eseileserely aS the seises MGM 08 IS It dare agent sea*g belt Vie Weer end the sake This relationship shed be =ferned cerirm! 10 purchase end set real properly or in 9 SEeesfefx Voting ioesetead cr seknoveadged by the INK Ma buyer, end tor seer* agent pier to or windier* with essaceiten d ths: owed by the buyer and the sake ress.oevets. (b) As sem so precticatie the listirg agent shell Mabee to the seller *weer the Ewing seem riding in the eel property transeeeds excluoivaiy we the eater's cogent sw dug erre !wagoning bath tinia drew and setae, reistidnehip stall be confrrneri in the contact to purthase and eel rate praperty cr e separate seeing ereolterf er acknowledged by the order and tee Wing agate Marlow coircident e4th the exednion cif That corietrt by the War, to) The dinfirreetion required by aubchiseists (a) and (b) seat be In the following To (DO NOT COMPLFTE, SAMPLE ONLY) is the Kara of (thacit one): C the eager exciutieetse or ct both the buyer Id teller. (Warns of Latin Agent) IX/ NOT COMPLETEPAPLE_Ofiley) is the merit re ;chores ceps): buyer or 0 the miter thcrlusissey, or Oielnll of seeing Agent If net the sense rie the User* Agerse 0 bathe* eery and saw, The disclosures and caressive:on required by this isecton abed be In edditice it* eisciesere request by Section 2079. i4 7e71.18 o wary aped n a mei properly transistion may act as an aspire br the buyer wry, wieen the Wing *gent is also sang as the fats* most in tie irenseeten 2079.19 The ocymsrfl 01 semperesSion or the obigator to pay itorripardisike to en swat by tia solar or buyer a not neibeessastiy determinative of pert= ;sr Kerrey reletionesen between se *gent and the seller or buyer. A listing *gent wet seethe agent eery agree to there any Cornpon*non rnornrrizekon perd or sPY right 10 any cattpensation or demi-lesion for which an obligation arises as the esue of cteal estate Senesce...1n. and the terms of any au& agrestinarrshsei not necessarily be determinative 01e as:Ocular resseseseie. 2979.20 Nothing in this article prevents an spare from stakicEng, as econ:Salon cat tee wines employment, a epecific torn of agency re6teiernie wescif really prchibeed by the wed, if the requirements af Section 2079.14 and Section 2078.17 re cored wee. 207111 A duel agent she not dodoes to the buyer the! the Sake is mire* to WI the moiety et a price tees then the istelg ends Witiote the express ',erten =seri of the Wier. A dual egere shod not disciese to the seller that the buyer a wilting to wrya prim greater then the offering prize, voltheut the wefts written cement of the buyer. Trite section does not Mr in arty any the duty cr responsibility at at dual agent to any principal with respect to conficiential infonneeon °beer then price. 2979.22 Nothing is this swede precierma a Wee agent rroce also beteg a tear* spent see the oimbinetion of them emotions in one agent does not, ot emit mos that avant a dual scent 28781.23 A contact between principal sod agent may be reetee or there to cherve t.e egenci reit tionship art soy trite betr,re tnst palterrianco of the act white, te the object of the *..nay with the written consent of twr pertles hi ?Ks agency nabitionship_ 2079.24 Nothing in this bride shall be construed to (ether carninish the duty af disclosure awed byres 3no salers by sgeoft and thee emotes% ticentem. tubsgants. end employeet or ei retie.," agents and the't sescreete eeeresses. subagents, Id e-notoyees torn iabilay O, that, mndue 10 =nr.ection acts 409erned by tree snide or for any breacn re a icieciary they or a deity ef eackees CatOrrtie Apkodartn of REALT • R:LA. ESTATE ausiNess seesietes, Psteel*S1 DiTelAded sy 525 Soli vIrgt saline, Los engem creme -too= AD REVISED 12114 (PAGE 2 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELAT1ONS8iP (AD PAGE 2 OF 2) Prwucedwtthzirforme by TipLogn ¶ 5070 Ftfair Ws Rost Fraser. tketissin AVM Atet.t9,44guan 710 CXY 9f. C" DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1 E2AF7 411k. CALIFORNIA 41111 ASSOCIATION BUYER NON AGENCY AGREEMENT ilk, it, 0 F R E A L T O R. S '' (C.A.R. Form BNA, Revised 4/02) 1. PARTIES AND PROPERTY: A. ISFAHAN LLC ("Seller") is the owner of real property described as 421 W 21ST Street , Assessor's Parcel No. 559-125-16-00 situated in National City , County of San Diego , Califomia ("Property"). B. The City of National City ("Buyer") has made, or is contemplating making, an offer to purchase the Property. C. _ Bob Nourani ("Listing Broker') is a California real estate licensee who has entered into a written agreement with Seller for the marketing and sale of the Property. D. Ei (if checked) , ("Other Broker") is a real estate licensee, other than Listing Broker, who represents Buyer. 2. NO REPRESENTATION OF BUYER BY LISTING BROKER: Buyer understands and agrees to the following: A. Listing Broker does NOT represent Buyer and Listing Broker will NOT be Buyers agent during any negotiation or transaction that results between Buyer and Seller regarding the Property. All acts of Listing Broker, even those that assist Buyer in entering into a transaction or performing or completing any of Buyer's contractual or legal obligations, are for the benefit of Seller exclusively. Any information that Buyer reveals to Listing Broker may be conveyed to Seller. B. Listing Broker does NOT represent Buyer and Listing Broker will NOT be Buyer's agent even though Listing Broker may provide Buyer forms describing agency relationships as required by law or otherwise. 3. REPRESENTATION OF BUYER BY OTHERS: (check box that applies) 0 Buyer is represented by Other Broker. Any questions that Buyer may have regarding the scope of that representation should be directed to Other Broker. j Buyer is not at this time represented by a real estate licensee. Buyer has the right to enter into an agency relationship with a real estate licensee, other than Listing Broker, at any time during any negotiation or transaction regarding the Property. 4. REPRESENTATION OF SELLER BY LISTING BROKER: Listing Broker will act as the agent of Seller exclusively during any negotiation or transaction regarding the Property. 5. STATUTORY AGENCY COMPLIANCE: (Applies unless the Property is 5 or more residential dwelling units) A. DISCLOSURE: A "Disclosure Regarding Real Estate Agency Relationships" form is attached to provide additional information on the duties of a real estate broker to a buyer and seller in a transaction. B. CONFIRMATION: Listing Broker shall confirm the agency relationship described above, or as modified, in writing, prior to or coincident with Seller's execution of a purchase agreement. 6. OTHER ADVICE: Buyer is advised to seek real estate, legal, tax, insurance, title and all other desired assistance from appropriate professionals. 7. ACKNOWLEDGMENT: By signing belDw.B..: r acknowle• • -that Buyer has read, understands, accepts and has received a copy of this Agreement. Buyer The City of Address Telephone Fax Date 7/(il(7 City State Zip E-mail Listing Broke irm) Premier -ealt Associates By (Agent)' Date 'J-/� i .— F —1 ob Nourani Address 4858 Mercury St Ste 214 City San Diego State CA Zip 92111 Telephone (858)277-6173 Fax ism —Z 3 3 ' E-mail �p n f J�� t �} 1OO 'LOyt,rI ® 2002-2008, Califomia Association of REALTORS®, Inc. United States copyright law (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (CA.R.). NO REPRESENTATION'S MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION iN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORSe. It is not intended to identify the user as a REALTOR®. REALTOR/0 is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to Its Code of Ethics_ Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. • a subsidiary of the California Association of REAL TORS® 525 South Virgil Avenue, Los Angeles, California 90020 [Reviewed by Date BNA REVISED 4/02 (PAGE 1 OF 1) BUYER NON -AGENCY AGREEMENT (BNA PAGE 1 OF 1) Premier Realty Associates 4852 Mercury Sr N214 San Diego, CA 92111 Phone 858-277.6173 Jana LemJ ae Produced with zipForrre by zipLoga 113070 Fifteen Mite Road, Fraser, Michigan 48026 wmyzigLoni_ may Far. Fo..A, ut,js,w: 420 D. 21st Sr DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 MOLD ADVISORY This is a form created by the San Diego Association of REALTORS® and as such is not covered by the C.A.R. User Protection Agreement. This form is intended for use primarily in the San Diego County area. 421 W 21ST Street Property Address: National City, CA 91950 Broker(s)/Agent(s) (hereafter referred to as Broker) advise that every Buyer/Lessee should have a mold test performed by an environmental professional as either a separate test or as an addition/adjunct to their professional home inspection. Current information indicates that the presence of some types of mold may cause health problems in certain individuals. Not all molds are detectable by visual inspection conducted by Brokers or even a professional home inspector. Properties may have hidden mold problems of which the Seller/Lessor is not aware. The only way to provide reasonable assurances that the property does not have a mold or other health hazard condition is to retain the services of an environmental expert to conduct appropriate tests of the property. Normally, these tests will consist of an interior and exterior examination for airborne spores and a carpet test, but other procedures may be required. Any mold should be professionally evaluated. Failure on the part of a Buyer/Lessee to complete and obtain all appropriate tests, including those for mold, is against the advice of Brokers. Brokers have not and cannot verify whether or not there is any health hazard at the property. A mold evaluation is especially necessary if any of the inspection reports or disclosure documents indicate that there is evidence of past or present moisture, standing or ponding water, or water intrusion at the property, since most molds thrive on moisture. All inspections, including those to detect mold, should be completed within the inspection period established in the purchase contract. The Environmental Hazards booklet provides information about mold, including ways to identify it. Other sources of information about mold can be found at: California Department of Health Services (CDHS) Publication: Mold in My Home: What Can 1 Do? Telephone: (916) 445-4171 Internet: www.dhs.ca.gov U.S. Environmental Protection Agency (EPA) EPA Indoor Air Quality information Clearinghouse Line: (800) 438-4318 or (703) 356-4020 Internet: www.epagov You are strongly advised to conduct appropriate inspections for mold and water intrusion. If you do not do so, you are acting against the advice of Brokers. Nothing any agent may say to you can change this advice. The undersigneda Buyer/Lessee Th ledge th -he or she has read and understands this Mold Advisory. City, Buyer/Lessee %9 ( 7 Date Date THIS DOCUMENT IS FOR USE IN SIMPLE TRANSACTIONS AND NO REPRESENTATION OR WARRANTY IS MADE TO THE VALIDITY OR ADEQUACY OF ANY OF ITS PROVISIONS IN ANY TRANSACTION. Copyright: 2008. San Diego Association of REALTORS* All Rights Reserved. SDAR grants permission to licensed real estate agents to make topics of this form for their business use. Published and distributed by: San Diego Association of REALTORS 4845 Ronson Court, San Diego. CA 92111-1803 Tel: 800-525-2102 Web: www.sdar.corn: Revision Date: April 2008 MA Page 1 of 1 OFFICE- USE ONLY Rcviewod by Broker or Designee: Date: Premier Realty "Woe/efts 4858 Mercury St h514 San Diego, CA 92111 phone. RS8-277S113 Fax, John I.emkeu Produced with zipForm® by zipLogo 18070 Fifteen Mile Road, Fraser, Michigan 48026 savor io oo .,_Sour 420 W. 21at St DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFEIE2AF7 44Ikb CALIFORNIA ASSOCIATION Iv OF REALTORS''' NOTICE OF YOUR "SUPPLEMENTAL" PROPERTY TAX BILL (CAR. Form SPT, 10/05) Name of Buyer(s) The City of National City Property Address 421 W 21ST Street National City, CA 91950 Pursuant to Civil Code §1102.6c, Seller or his or her agent is providing this "Notice of Your 'Supplemental' Property Tax Bill": "California property tax law requires the Assessor to revalue real property at the time the ownership of the property changes. Because of this law, you may receive one or two supplemental tax bills, depending on when your loan closes. The supplemental tax bills are not mailed to your lender. If you have arranged for your property tax payments to be paid through an impound account, the supplemental tax bills will not be paid by your lender. It is your responsibility to pay these supplemental bills directly to the Tax Collector. If you have any questions concerning this matter, please call your local Tax Collector's Office." Buyer acknowledges Buyer has read, understands and has received a copy of this "Notice of Your 'Supplemental' Property Tax ill". Buyer The Ci ' of a "oval City Date '2 b 7 Buyer Date The copynght taws of the United States (TITLE 17 U.S. Code) forbid the unauthorized reproduction of this form by any means, including facsimile or computerized formats. Copyright ® 2005, CAUFORNIA ASSOCIATION OF REALTORS® THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO (CAR.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This Corm Is available for use by the entire real estate industry. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REALTORS® 525 South Virgil Avenue. Los Angeles, California 90020 SPT 10/05 (PAGE 1 OF 1) Reviewed by Date NOTICE OF YOUR SUPPLEMENTAL PROPERTY TAX BILL (SPT PAGE 1 OF 1) Premier Realty Aasociatts 4858 Mercur. 51 #214 Su, Diego, CA 9211 L Phone; 858-277-6173 Fax John Lemhnu Produced with *Forme) by zipLogix 113070 Fifteen Mile Road, Fraser, Michigan 48026 ecietabsagiassirc 420 W. 21st 5t j CALIFORNIA DISCLOSURE REGARDIW3 ASSOCIATION REAL ESTATE AGENCY RELATIONSN6? OF R E A L T O R S® (Selling Firm to Buyer) ete required by the Civil Code} eC.A.R. Forme AC, Revised 12114} Of checked) This form is being provided in cent.'ction with a rTa'YactiCn for e leasehold interact exceeding one year es per Civil Code section 2079.13(k) and (m). When you fester into a discussion with a real estate agent req;arding a real estate transaction, pt.; should from the outset undersiard what type of agency relatknship ail reprs..sentaton you cosh to have with the agent in the transaction. SELLER'S AGENT A Seller's agent under a fisting agreement wet the Sager acts as tto; agent for the Seller prey. A Sown; agent er a subagent of that agent hes the following alternative obegatiorhs: To the Seller A Fztuaary duty of utmost care, integrity. honesty er4 tc_.ut y !;n dugs with the Setter. To the Meyer and the Seiler (e)Diilgent exercise of reasonable skill and care In periofrnfince Of ten s dtit es. (b)A duty of honest and fair dealing and goof faith (c)A duty tc disclose atl fact known tc the agent materially affectir:g tee value or dest-a'?ait of the within the diigent atten ^r and observation of, the An agent s not f property that are rat known tA, or partes.2 tc reveal to either party any confidential inforrnatfcn ,obtained from the ether party that Weis :not ii+voiere the affirmative diete_c sat forth above. BUYER'S AGENT A selling agent car+, with a Buyers content, spree to act as agent fee the Buyer only. to these sitvatiora the agent it not the Sellers agent, swan if by ag.eerraertt the agent may receive cemperrration for sanrctrs rendered, either in fuel or in part from. the Seer. An agent acting only for a Beyer tics teo foiowir.g affirmative obiigatioas: To the Buyer A fiduciary duty ct utmost care, integrity, honesty and loyalty in dealings with the Buyer To the Buyer and the Seger. ;a'tDit tot 2xorrite of reasonable skit end care in perforr•,har ee of the agents But a. ;b)A duty of horhe. t and fair dealing and goad teeth. 'c)A duty to dtsctore aI facts known to the agent materially affecting the value or desirability of the property that are not known t4, or within the diligent attention and observation of, the parties. An agent is not obligated to reveal to eft et party any conedentel infarneedon obtained from the other party that does not invotve the affirmative -tulles set foray above. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent. either acting directly or through one or more associate licensees, can legally be the agent of both tie Mier and the Buyer in a transaction, but only wttt tee knowledge and Consent of both the Segar and the Buyer. ?n a (Jw; egenep situation, the agent nue fotiowing a fir manse obfiigetcns to both M e Salter and the Buyer. ,a1A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings wtth either the Seller or the Buyer. ;b)Other duties to ti+e Seger and the Buyer as stated above in their respective riedions. le representing both Seller and Buyer: the agent may not. without the express permtaion of the respeceve party, disclose to the ocher party that the Setter ale accept a price ;ass than the listing ;rice or that the Buyer x ill pay a price greater than the pica offered. The above drltlos of the agent in a rear estate transaction do not renew a Seiler or Buyer from the rtesponsibiiity to protect his or her own interests. You should carefully read ref agreements to assure that they adequately express your understanding of the transaction, A real estate agent is a person quaffed to advise abort real estate. tf legal or tee advice is desiete, consult a competent professional. Throughout your real ,:.raperty tran sacyon you may receive more tan cos disclosure than, depending upon the number re' agents assisting In the transaction. The law requires each agent with whom you have more flan a casual reta6onshifs to preaani you with this disclosure fenm. You Should read its Contents each time ft Is presented to you, =nside-lee tee relationship between you and 'rho real estate agent in your specific transaction. This sesseosure form Includes the provisions of Section, 2079.13 to 2073.24, ins t stve, of the Civil Code set forth on page 2. Raid ft carefutiy. AYE ACKNOWLEDGE RE. EfPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CML CODE PRINTED ON THE BACK (OR A SEPARATE PAGFe. X:i Zr .7,1:,eaer Bodine , i n3-; Beni .. rt'O 44; it4.1 BRE Uo.* Teal Estate Broker (Fern) $1r BRE Lk,* s Data CSuieeeerssn or Breuer -A aciale) ^'r,, v IVer c-.., r ."-t, - i Agency Dieciosure rolrtpiance (Ctrs Code §2079.14}: • When the nathg brokerage company axo represents Buyerrrenant: me Listing Agent she2 have one AC tom sib by Sell er/Landiorc and a i different AO forest signed by Blown -wart . melee Seiler. an6o, and 3u}er,Tanarit are repreeentecr by different brokorage companies: (t) the 1iattng Agent snail have one AD forth signed by Sebentandtore die 3uyerarr a i Agent that have one AD form sigrsed try euyerfTenant and either that same or a different AD term pnusenive,eIC lord r sir. ut: t to present on of thei often a same form is used, Serer may sign Here: i Saieetandksrd bate Seaeriseoeve Dete The copyright taw: or the Untad Strdes rife 17 L.S. Cede; forbid el, unaMherized reproluttten of this farm, or any porton awed% by photocopy rneeitrne or any other ;neon:, IetdtaQLrp recalmile Or computerized fMti:e'.s. C opyright 10S1-2010, CAL}FORHIA ASSOCUMON REALTORSO, iNiC. ALL RIGHTS RESERVE°_ :.....:.....:.:. AD REVISED 12fi4(PAGE ti OF 2) Dtc,� LOAURly RE_eARDtNc REAL ESSTAT,?JG NCY R LAT1ONS11P_IAD PACZ 1 OF 2i GUM WACO C A L I P O R N I A DISCLOSURE REGARDING ASSOCIATION REAL ESTATE AGENCY RELAT1ONSN? OF R E A L T O R S (Selling Finn to Buyer) Pe requitee1 by the Civil Code) (C.A.R. Form AD, Revised t2114) (tf checied) The form is being prom in rennaction with a transaction for a leasehbid interest exceeding one year as per Civil Code section 2079.13(k) and (n;). Wier yet: enter into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand ,what type at agency relationship or retaeseetaticn you wish to have with the agent in, the tsansaretion. SELLERS 4GENer A Saber`; agent under a listing agreement with the Sailer acts as the ~gent for the Setter only. A Seaer's agent or a subagent of that agent has ::he fniacwing alternative °agate/is: To the Beier .A Feleciary duty of utmost eve, integrity, honesty and loyalty In deaings with the Sailer. To the Buyer and the Seller (a)Dieeent axerdera of reasonable skill and care In performance of the agent's duties (b)A duty of honest and fair dealing and good faith. (c)A duty to dtscioae at farts knowr, to the agent materfatty effrrpng the valet or desirability of the pr>perty that are not known to, or within the latent attention and observation at, the partes. An s^^eal Is not obligated to reveal to either party any cenfltfeetlal infomaticn obtained from the ether party that does not invoke the affirmative c+:rties set keel above. BUYER'S AGENT A setiir,g agent can, with a Buyers coneent, agree to act as agert for the Buyer only, to these situatwre, the agent is not the Seger's agent, seen if by agreement the agent may receive compensation for servto'rs rendered, either in tuff or in pari from the Seuer. An agent acrg only for a Buyer ines thre following affirrttative obligations: To the Buyer A fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Beyer. To the Buyer and the Seger. (e)Ditient exerreee of reasonable ekli and care in performer. of lee agents dui es. b)A duty of honest and fair dealing and good fstet. (c)A duty to disclose ail tacte known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the parties. 'r mutt is not obligated to reveal to either pasty any confidential information obtained from the other party that does not involve the alternative utiea set forth above. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent, sitter acting directly or through one or more associate licensees, can iegal:P1 be the agent 0f both the Seiler and the Buyer n a transaction, but only with tee knowledge and Consent of both: the Seller art is Buyer. n a duot agency serration, on, the agent has the fotowing affirmative obligations to bath the Salter and the Buyer. (CA fiduciary duty of utmost care, integrity, honesty and loyalty In the dealings with either the Seller or the Buyer. (b)Other duties to the Seller end the Buyer as stated above in their respective sections, to representing both Seger and Buyer, the agent may not, without the express pemhissicn cif tee respective party, disclose to the other party hat the Steer will accept a price less than the fisting price or that the Buyer will pay a price greater than the price offered. The above duttra of the went in a real estate transaction do not relieve a Seiler or Buyer tom the responsibility to protect his or her own interests. You should carefully read ali affreements to assure that they adequately express your understanding of the transaction. A real estate agent is a person quaffed to advete about real estate. If legal or tax advice is des red, consult a competent professional. Throughout yo:.r real property transaction you may receive more than one disclosure form, depending upon the number of agents assisting In the tansect on, Tee law requires earth agent wYtt whom ycu have more than a casual relatlbriship to prat you with this disclosure form. You should read its xmante each time it is preaeented to you, cans'dering the relationship between you and the real estate agent in your specific transaction. This dlsclostare form includes the provisions of Sertans 2079.13 to 2079.24, Inclusive, of the Clvit Code sat 'forth on page 2. Read It carefully. t!WE ACKNOWLEDGE RECE! T OF A CO ve OF THIS DISCLOSURE AND THE PORTIONS OF THE CIViL CODE PRINTED ON THE BACK (OR A SEPARATE PACE`. ` L;j r J f;e4� � tertelore ,jT ore t :ate 7j f f e . _ e'`y E' . .' 0 tee - ee n Ter tee Agent '5elf ru rc:$4:,ire..; pee► Estate Broker (Fern) * BRE tic. i Date ~,Salesperson Or Etrokor-Assodate) _^.: N p± k.011,P,e:: ^;';; Agency "hest;insure Cornplance (Clit Code §2D7S.14): . Ahen the tiering brokerage company also represents BuyerrTenant: The Listing Agent shelf have one AD form signed by Ser.enl.endkxa and a different ft, enn, signet by Buyef.rre anL I . when Seiler/and/or! and Buyer.?:. are represrmled by different brelcerer: co:r terries: (i) the Listing Agent shall have one AD form Signed by r Selierteresord and ( ttte 3uyeeer s s Agent shot have one AC form signed by a yerfTertant and either that same or a tafferent At) form I preset bo 5�ikrr;. dford r s , - a w to preserepacn ot,st5p otter same forth is used, Seller may sign here: .�• r 1/11'f�f r. e _ e9• 1 --1 Seasetaletore • Dale seeer;t.andiord Date BRA Ltc. Y rho cr,pyr!pnt laves of the Unhed Stems (Tilt. 17 U.S. Cote) forbid ths unei thorthed reproeudion of this form, or any portion thereat, by photorapy meet** or any other resent. including racelmle or aoretxttertzed fomtabi. Copyright C 1801-2010. c•A11' RNA ASSOCIATION Or RELLTORS*, NW;,. AU. RIGHTS RCSERVED_ AD REVISED 12114 (PAGE I OF 2) DISCLOSURE REOARIll REALESIAJm. 'VC REt ATIONIKIF LAD DA.5.• 4 or 21 DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 * N. CALIFORNIA CONTINGENCY REMOVAL No. 1 = �C ASSOCIATION (C.A.R, Form CR, Revised, 6/16) IIo' OF REALTORS` In accordance with the terms and conditions of the: k Residential Purchase Agreement (C.A.R. Form RPA-CA),❑ (C.A.R. Form RR), ❑ Response And Reply To Request For Repair (C.A.R. Form RRRR) oft] Other Request For Repair dated 07/05/2017 , on property known as between and 421 W 21ST Street, National City, CA 91950 The City of National City /SFAHAN LLC I. BUYER REMOVAL OF BUYER CONTINGENCIES: 1. With respect to any contingency and cancellation right that Buyer removes, unless otherwise specified in a separate written agreement between Buyer and Seller, Buyer shall conclusively be deemed to have: (I) completed all Buyer Investigations and review of reports and other applicable information and disclosures; (ii) elected to proceed with the transaction; and (iii) assumed all liability, responsibility and, expense, if any, for Repairs, corrections, or for the inability to obtain financing. Waiver of statutory disclosures is prohibited by law. 2. Buyer removes those contingencies specified below. A. ONLY the following individually checked Buyer contingencies are removed: 1. Loan (Paragraph 3J) 2. _ Appraisal (Paragraph 31) 3. Buyer's Physical Inspection (Paragraph 12) 4. All Buyer Investigations other than a physical inspection (Paragraph 12) 5. Condominium/Planned Development (HOA or OA) Disclosures (Paragraph 10F) 6. Reports/Disclosures (Paragraphs 7 and 10) 7. ❑Title: Preliminary Report (Paragraph 13) 8. Sale of Buyer's Property (Paragraph 4B) 9. Review of documentation for leased or liened items (Paragraph 88(5) 10. Other. 11. Other: OR B. ❑ ALL Buyer contingencies are removed, EXCEPT: ❑ Loan Contingency (Paragraph 3J); ❑ Appraisal Contingency (Paragraph 31); D Contingency for the Sale of Buyer's Property (Paragraph 4B); ❑ Condominium/Planned Development (HOA) Disclosures (Paragraph 10F); l Other OR C. ❑ BUYER HEREBY REMOVES ANY AND ALL BUYER CONTINGENCIES. 3. Once all contingencies are removed, whether or not Buyer has satisfied him/herself regarding all contingencies or received any information relating to those contingencies, Buyer may not be entitled to a return of Buyer's deposit if Buyer does not close escrow. This could happen even if, for example, Buyer does not approve of some aspect of the Property or lender does not approve Buyer's loan. NOTE: Paragraph numbers refer to thq_Califomia Residential Purchase Agreement (C.A.R. Form RPA-CA). Applicable paragraph numbers for each cor�ting8�ic or r1 actual action in other C.A.R. contracts are found in Contract Paragraph Matrix (C.A.R. Form CPM). 1 Buyer Date The City of Buyer Date II. SELLER REMOVAL OF SELLER CONTINGENCIES: Seller hereby removes the following Seller contingencies: Finding of replacement property (C.A.R. Form SPRP); ❑Closing on replacement property (C.A.R. Form SPRP) Other Seiler !SFAHAN C Seller Date Date ( / ) (Initials) CONFIRMATION OF RECEIPT: A copy of this signed Contingency Removal was personally received by Buyer U Seller or authorized agent on (date), at ❑ AM / ❑ PM. ® 2003-2016, California Association of REALTORS©, Inc. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. a s Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REAL TORS® 525 South Virgil Avenue, Los Angeles, California 90020 CR REVISED 6116 (PAGE 1 OF 1) Reviewed by Date CONTINGENCY REMOVAL (CR PAGE 1 OF 1) ("Agreement"), ("Property"), ("Buyer") ("Seller"). Premier Realty Aaneiatet 435E Mercury St 4214 San Diego. CA 92111 Phone: 153-277-6173 Fax: John Lemhnu Produced with zipForm® by z,PLogix 18070 Fifteen Mile Roan, Fraser, Michigan 48026 www.ziothG, m 420 W. 21A St OocuSign Envelope iD: BCE522D2-6F79.433B-9AD7-53DD53E9A47E 4:41k CALIFORNIA 41111 ASSOCIATION •� OF REALTORS° REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (FOR SELLER REPRESENTATIVES) (C.A.R. Form RCSD-S, Revised 6/16) This form Is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form Is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the Purchase Agreement, j Listing Agreement, ; j Other _- dated 07/05/2017 , ("Agreement"), for the property known as .__. �_— 421 W 21ST Street _.. ("Property"), between The City of National City ("Buyer', 1 _l Listing Broker) and ISFAHAN INC ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.), Full name of trust should be identified in IA below. If power of attorney, insert principal's name as Seller. 1. L A. TRUST: (1) The Property is held in trust pursuantto a trust document titled (Full name of Trust) __.. _ dated (2) The person(s) signing below Is/are Sole/Cc/Successor Trustee(s) of the Trust. ENTITY: Seller is a IX Corporation,` Limited LiabilityCompany,r! Partnership n Other: which has authorized the offlcer(s), managing member(s), partner(s) or person(s) si nin below to act on its _• behalf. An authorizing resolution of the applicable body of the entity described above Ij is 1 is not attached. C. POWER OF ATTORNEY: Seller ("Principaf) has authorized the person(s) signing below ("Attomey-In-Fact", "Power of Attomey' or "POA") to act on his/her behalf pursuant to a General Power of Attorney ( Specific Power of Attomey for the Property), dated . Thls form is not a Power of Attomey. A Power of Attorney must have already been executed before this form is used. ESTATE: (1) Seller is an [; estate, El conservatorship, or L guardianship identified by Superior Court Case name as , Case # (2) The person(s)signing below is/are court approved representatives(whetherdesignatedas Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. SellerBy 0oeuSI nipd,,'.' ��/�� + `""" ' i'"o` �'^� Date: 7/26/2017 (Sign Name of rushee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Ex cutor) (Print Representative Name) Zinat Rahlmzadeh _._.- Title: _..__... By Date: (Sign Name of Trustee, Officer, Managing Member, Partner, Attomey-in-Fact or Administrator/Executor) (Print Representative Name) Title: _— Acknowledgement of Receipt By Other Party: (Listing raker) Premier Realty Associates By- — ZA -1. Date..�r:--_. (Buyer) (Print Buye (Buyer) (Print Buyer Name) City of National City Date: Date: O 2015-2016 California Association of REALTORSO, Inc. United States copyright law (ntle 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means. Including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALfFORNIA ASSOCIATION OF REALTORSO. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER iS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by. " REAL ESTATE BUSINESS SERVICES, INC_ a subsidiary of the California Association of REALTORSO 525 South Virgil Avenue, Los Angeles, California 90020 Reviewed by RCSDS REVISED 6/16 (PAGE 1 OF t) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) ryet;C M` Premier Peaky iuncfehM OM Mercury SI 6214 Sea Diego, CA 02111 Phone: *s6-2774171 Fax: .John tembro, Prod.. d with ripF0rmlbby ripLoyrc 18070 Fit,-.1 Mite Road, rumor. Michlymn 49026 ".5.21p, t oahLanra 420W.21d St DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 4-481/4 CALIFORNIA REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE 46, "10 ASSOCIATION (FOR SELLER REPRESENTATIVES) -.rip- OF R E A L T O R S" (C.A.R. Form RCSD-S, Revised 6/16) This form is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the X[ Purchase Agreement, Listing Agreement, Other dated 07/05/2017 , ("Agreement"), for the property known as 421 W 21ST Street ("Property"), between The City of National City ("Buyer", Listing Broker) and ISFAHAN INC _ ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.). Full name of trust should be identified in 1A below. If power of attorney, insert principal's name as Seller. 1. A. TRUST: (1) The Property is held in trustpursuantto a trust document titled (Full name of Trust) (2) The person(s) si ning below is/are Sole/Co/Successor Trustee(s) of the Trust. B. ENTITY: Seller is a �X] Corporation, Limited Liability Company, Partnership ] Other: which has authorized the officer(s), managing member(s), partner(s) or person(s) si nin below to act on its behalf. An authorizing resolution of the applicable body of the entity described above is� is not attached. C. POWER OF ATTORNEY: Seller ("Principal") has authorized the person(s) signing below ("Attomey-In-Fact", "Power of Attomey" or "POA") to act on his/her behalf pursuant to a General Power of Attorney ( Specific Power of Attomey for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form is used. D. ESTATE: (1) Seller is an ❑ estate, [ conservatorship, or ] guardianship identified by Superior Court Case name as , Case # (2) The person(s)signing below is/are court approved representatives(whetherdesignatedas Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attomey for which that Party is acting already exists. Seller: By Date: - / k2t ) (Sign Name of Trustee icer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) I / (Print Representative me) Zinat Rahimzadeh Title: By Date: (Sign Name of Trustee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Title: Acknowledgement of Receipt By Other Party: (Listin roker) Premier ealty Associates ByZ�._ dated 50h No i t IA 1 Date: Z O i 7 (Buyer) (Print Buyer Namee3 of National City (Buyer) (Print Buyer Name) © 2015-2016 California Association of REALTORS®, Inc. United States copyright law (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THiS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. 1F YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020 RCSDS REVISED 6116 (PAGE 1 OF 1) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) Premix Realty Associates 335E Mercury Si 5214 Sao Diego, CA 92111 Phone 859-277-61/3 Fax Jabs Lemkau Produced with zipForrn® by zipLog& 18070 Fifteen Mile Road, Fraser, Michigan 48026 mine r®l Nix corn Date: 7 I Date: r7 Reviewed by 420 W. 21st St CALIFORNIA4-44‘ ,1,ASSOCIATION 01 OF REA LTORs"' REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (FOR SELLER REPRESENTATIVES) (C.A.R. Form RCSD-S, Revised 6/16) This form is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the 7 Purchase Agreement, lg.] Listing Agreement, E Other dated 03/06/2017 ("Agreement"), for the property known as 421 W 21 ST Street ("Property"), between Premier RealtyAssociates ("Buyer", X1Listing Broker) and ISFAHAN INC ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.). Full name of trust should be identified in 1A below. If power of attorney, insert principal's name as Seller. 1. _j A. TRUST: (1) The Property is held in trust pursuantto a trust document titled (Full name of Trust) dated (2) The person(s) signing below is/are Sole/Co/Successor Trustee(s) of the Trust. XI B. ENTITY: Seller is a j Corporation E1 Limited Liability Company, El Partnership ❑ Other: which has authorized the officer(s), managing rnember(s), partner(s) or person(s) si ning below to act on its behalf. An authorizing resolution of the applicable body of the entity described above Li is J is not attached. j C. POWER OF ATTORNEY: Seller ("Principal") has authorized the person(s) signing below ("Attorney -In -Fact", "Power of Attorney" or "PGA") to act on his(her behalf pursuant to a General Power of Attorney ( ❑ Specific Power of Attorney for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form is used. j D. ESTATE: (1) Seller is an estate, _ conservatorship, or _ guardianship identified by Superior Court Case name as , Case # (2) The person(s) signing below is/are court approved representatives(whetherdesignated as Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. Seller By ki./.44,;7 47, Date: — 0 e.f.— )7 (Sign Name of Trustee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Zinat Rahimzadeh Title: By Date: (Sign Name of Trustee, Officer, Managing Member, Partrer, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Title: Acknowledgement of Receipt By Other Party: (Listing roker Premier Realty Associates By 1/( 1L.-1' Date: 2 — 1 7 (Buyer) (Print Buyer Name) (Buyer) (Print Buyer Name) Date: Date: o 2015-2016 California Association of REALTORSO, Inc United States copyright law (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof. by photocopy machine or any other means, including facsimile or computerized formats THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO. NO REPRESENTATION IS MACE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REALTORSO 525 South Virgil Avenue, Los Angeles, California 90020 RCSDS REVISED 6f16 (PAGE 1 OF 1) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) Reviewed by _ Premix` Walt), Asaocum. 4858 Nternrcy St rt214 0.1 Diego, C`,\ 92111 Phone: 858-Z77-6173 Fax. Iehn I.eo,"no Produc,ad with ±iprbrm® by r. pLoylix 10070 FWNecn M1T(e Road, f'rxaer, Mgrhrichiigetri 40020 www ripL9.viII.SNIR 42(1 VV_ 21 s1 St 4- 1 CALIFORNIA REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE � ASSOCIATION (FOR SELLER REPRESENTATIVES) 1 OF R E A L T O R S '_' (C.A.R. Form RCSD-S, Revised 6/16) This form is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the jj Purchase Agreement, X Listing Agreement, J Other dated 03/06/2017 , ("Agreement"), for the property known as 421 W 21 ST Street ("Property"), between Premier RealtLAssociates ("Buyer", LX Listing Broker) and 1SFAHAN INC ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.). Full name of trust should be identified in 1A below. If power of attorney insert principal's name as Seller. 1. A. TRUST: (1) The Property is held in trust pursuantto a trust document titled (Full name of Trust) dated (2) The person(s) si ning below is/are Sole/Co/Successor Trustee(s) of the Trust. X B. ENTITY: Seller is a X' Corporation T Limited Liability Company, pi Partnership [1 Other: which has authorized the officer(s), managing member(s), partner(s) or person(s) si nin below to act on its behalf. An authorizing resolution of the applicable body of the entity described above is is not attached. [ j C. POWER OF ATTORNEY; Seller ("Principal") has authorized the person(s) signing below ("Attorney -In -Fact", "Power of Attorney" or "POA") to act on his/her behalf pursuant to a General Power of Attorney ( fi Specific Power of Attorney for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form is used. D. ESTATE: (1) Seller is an Li estate, conservatorship, or guardianship identified by Superior Court Case name as , Case # (2) The person(s) signing below is/are court approved representatives(whetherdesignatedas Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. Seller: By a 4.34_ (Sign Name of Trustee, CNfleer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Zinat Rahimzadeh Title: By Date: I7 Date: (Sign Name of Trustee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Title: Acknowledgement of Receipt By Other Party: (Listing Broker Premier Realty Associates By ��-5 /L� '!� /� ��'' Date: 2 -- LZ (Buyer) Date: (Print Buyer Name) (Buyer) (Print Buyer Name) ei 2015-2016 California Association of REALTORSO, Inc. United States copyright law (Title 17 U.S. Code) forbids the unauthorized dish ibution. display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSS. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. UPublished and Distributed by: c REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REAL TORSO 525 South Virgil Avenue, Los Angeles, Califomia 90020 RCSD-S REVISED 6116 (PAGE 1 OF 1) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) • Date: LReviewed by i'remier ftcali' Auociute. 4858 Mercury St 4214 S.re alego, CA 9.111 Phone'. 8511-277-6173 Fax' Liao 1..rmkun Producod with zipForml1 by zipLogix 10070 FOlean Mite Road, rr, aser, Michigan 40026 www iipl oAjh„(��3r,3 420\V. 21st St 114114 DocuSign Envelope ID: BCE522D2-6F79.4336-9AD7-53DD53E9A47E 4 CALIFORNIA ASSOCIATION for OF REALTORS* REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (FOR SELLER REPRESENTATIVES) (C.A.R. Form RCSD-S, Revised 6/16) This form Is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the Purchase Agreement, Li Listing Agreement, L Other dated 0T/05/2017 , ("Agreement"), for the property known as 421W 21 ST Street_ _ ("Property"), between _ _ The City of National City ("Buyer", [TListing Broker) and ISFAHAN INC ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.), Fun name of trust should be identified in 1A below, If power of attorney, insert principal's name as Seller. 1. [�i A. TRUST: (1) The Property is held in trust pursuantto a trust document titled (Full name of Trust) dated (2) The person(s) signing below is/are Sote/Co/Successor Trustee(s) of the Trust. B. ENTITY: Seiler is a XCorporation,7 Limited Liability Company,11 Partnership [] Other: which has authorized the offfcer(s), managing member(s), partner(s) or person(s) signing below to act on its behalf. An authorizing resolution of the applicable body of the entity described above l_� is L I is not attached. C POWER OF ATTORNEY: Seller ("Principal') has authorized the person(s) signing below ("Attomey-in-Fact", "Power of Attorney" or "POA") to act on his/her behalf pursuant to a General Power of Attorney (, Specific Power of Attomey for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form Is used. D ESTATE: (1) Seller is an rjestate, ❑conservatorship, or guardianship identified by Superior Court Case name as , Case # (2) The person(s)signing betow is/are court approved representatives(whetherdesignatedas Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. Seller f °.""'° �M'n p,. �:: 11AAI l�t"`ii t1 . 7/26/2017 By..._. _» . 3es 4SE.. Date: - _______ (Sign Name of Trustee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Zinat Rahimzadeh Title: _ By Date: (Sign Name of Trustee, Officer, Managing Member, Partner, Attomey-in-Fact or Administrator/Executor) (Print Representative Name) Title: Acknowledgement of Receipt By Other Party: (Listing roker) Premier Realty Associates BY Date: C ' (Buyer) (Print re r e)- a City of National City (Buyer) (Print Buyer Name) _--..- ® 2015-2016 California Association of REALTORS®, Inc. United States copyright law (Title 17 U.S, Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized torrr,efs. THiS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION. IN ANY SPECIFIC TRANSACTION, A REAL ESTATE BROKER iS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by. REAL ESTATE BUSINESS SERVICES. INC. a subsidiary 'fthe California Association ofREALTORS® 525 South Virgil Avenue, Los Angeles, California 90020 Reviewed by - RCSD S REVISED 6/16 (PAGE 1 OF 1) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) Date:-7/0.74 7 Date: CG+u W.,SN taco _.�•.,. Frrntier Reathr Armriater.LASS Mercury St 1214 San Dirge, CA 42111 John (.mnhna Produced wish zipFom,4D by zipLogia 18070 F,nenn Mhi Rood, Fros"r. Michigan 48026 orooa "D-^' core Phone: ASS-277417.1 Fax: 420 W.;1st St DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 CALIFORNIA REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE _, ASSOCIATION (FOR SELLER REPRESENTATIVES) � r OF R E A L T O R S ' (C.A.R. Form RCSD-S, Revised 6/16) This form is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the I Purchase Agreement, ❑ Listing Agreement, [ Other dated 07/05/2017 , ("Agreement"), for the property known as 421 W 21ST Street ("Property"), between The City of National City ('Buyer', iJ Listing Broker) and ISFAHAN INC ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.). Full name of trust should be identified in 1A below. If power of attorney, insert principal's name as Seller. 1. A. TRUST: (1) The Property is held in trust pursuantto a trust document titled (Full name of Trust) (2) The person(s) si ping below is/are Sole/Co/Successor Trustee(s) of the Trust. [Y B. ENTITY: Seller is a [X] Corporation,[ Limited Liability Company,❑ Partnership Other: which has authorized the officer(s), managing member(s), partner(s) or person(s) signing below to act on its behalf. An authorizing resolution of the applicable body of the entity described above[] is is not attached. C. POWER OF ATTORNEY: Seller ("Principal") has authorized the person(s) signing below ("Attorney -In -Fact", "Power of Attorney" or "POA") to act on his/her behalf pursuant to a General Power of Attorney ( T Specific Power of Attorney for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form is used. 7 D. ESTATE: (1) Seller is an Qestate, L conservatorship, or El guardianship identified by Superior Court Case name as , Case # (2) The person(s) signing below is/are court approved representatives(whetherdesignated as Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. Seller: By i../I i �� Date: 1 Cilia — (Sign Name of rustee, • -r, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor (Print Representative N. p"rr) Zinat Rahimzadeh Title: By Date: (Sign Name of Trustee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) Title: Acknowledgement of Receipt By Other Party: (Listi roker) rem/ Real�� As ciates By �'C &b 44 uKG(v�% dated Date: —7 — c — (Buyer) (Print Buyer Na _ ''"'of National City (Buyer) (Print Buyer Name) Date: 70/`I//7 Date: ® 2015-2016 Califomia Association of REALTORS®, Inc. United States copyright taw (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION iN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REALTORS& 525 South Virgil Avenue, Los Angeles, California 90020 RCSDS REVISED 6/16 (PAGE 1 OF 1) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) Reviewed by Premier Realty Associates 43Sa Mercury St It214 San Diego, CA 92111 Phone 858-277-6173 Fax John Lemke" Produced with zipForm® by zipLogix 18070 F41eer Mk Road. Fraser, Michigan 46026 tyww 7ipt ogix coat 420 W.21st St DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 44k CALIFORNIA ASSOCIATION '‘or OF REALTORS' REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (FOR BUYER REPRESENTATIVES) (C.A.R. Form RCSD-B, Revised 6/16) This form is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal This is a disclosure to the [X Purchase Agreement, [ Buyer Representation Agreement, [ Other , dated 07/05/2017 ("Agreement"), for the property known as 421 W 21 ST Street ("Property"), between ISFAHAN INC ("Seller", L1 "Buyer Broker"). and The City of National City ("Buyer") If a trust, identify Buyer as the trustee(s) of the trust or by simplified trust name (e.g. John Doe, co -trustee, Jane Doe, co - trustee or Doe Revocable Family Trust 3.) Full name of trust should be identified in 1A below. If power of attorney, insert principal's name as Buyer. 1. L A. TRUST: (1) Assets used to acquire/leasethe Property are held in trust pursuant to a trust documenttitled dated (2) The person(s) signing below is/are Sole/Co/Successor Trustees) of the Trust. LX B. ENTITY: Buyer is a�jCorporation, ._ Limited Liability Company,; Partnership Ci Other: which has authorized the officer(s), managing member(s), partner(s) or person(s) siEin below to act on its behalf. An authorizing resolution of the applicable body of the entity described above 121 is �j is not attached. _ C. POWER OF ATTORNEY: Buyer ("Principal") has authorized the person(s) signing below ("Attorney -In -Fact", "Power of Attorney" or "POA") to act on his/her behalf pursuant to a General Power of Attorney ( Specific Power of Attorney for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form is used. 2. Buyer's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. Buyer: By G� Date: 7llq�/7 (Sign Name of • - , •fficer, Managing Member, Partner, or Attorney -in -Fact) (Print Representative Name) Gregory Rose Title: By Date: (Sign Name of Trustee, Officer, Managing Member, Partner, or Attomey-in-Fact) (Print Representative Name) Title: Acknowledgement of Receipt By Other Party: (Buyer Broker) N/A By Date: (Seller) �1l�It i (Print Seller Name) 1SFAHAN LL (Seller) (Print Seiler Name) Date: Date: ® 2015-2016 California Association of REALTORS®, Inc. United States copyright raw (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUAUFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. " a subsidiary of the California Association of REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020 RCSD-B REVISED 6/16 (PAGE 1 OF 1) REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-B PAGE 1 OF 1) Reviewed by Premier Realty Associates 41158 Mercury 5t 9214 Sas Diego, CA 92111 Phone- 55*-277-6173 Fax John Lemkau Produced with zipForrne by ziplogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www riot agis s . 420 W. 2lst St DocuSign Envelope ID: 98836F15-4A5A-4531-B9E7-802AFE1E2AF7 CALIFORNIA ASSOCIATION OF REALTORS`" REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (FOR SELLER REPRESENTATIVES) (C.A.R. Form RCSD-S, Revised 6f16) This form is not an assignment. It should not be used to add new parties after a contract has been formed. The purpose of this form is to identify who the principal is in the transaction and who has authority to sign documents on behalf of the principal. This is a disclosure to the [ Purchase Agreement, X[ Listing Agreement, Other for the property known as between and dated 421 W 21 ST Street Premier Realty Associates ISFAHAN INC 03106/2017 , ("Agreement"), ("Property"), ("Buyer", j Listing Broker) ("Seller"). If a trust, identify Seller as the trustee(s) of the trust or by simplified trust name (ex. John Doe, co -trustee, Jane Doe, co -trustee or Doe Revocable Family Trust 3.). Full name of trust should be identified in 1A below. If power of attorney, insert principal's name as Seller. 1. E A. TRUST: (1) The Property is held in trust pursuantto a trust document titled (Full name of Trust) (2) The person(s) signing below is/are Sole/Co/Successor Trustee(s) of the Trust. 'X B. ENTITY: Seller is a X[j Corporation,[ Limited Liability Company, [ Partnership ] Other which has authorized the officer(s), managing member(s), partner(s) or person(s) si Wing below to act on its behalf. An authorizing resolution of the applicable body of the entity described above Liis ❑ is not attached. C. POWER OF ATTORNEY: Seller ('Principal") has authorized the person(s) signing below ("Attorney -In -Fact", "Power of Attorney" or "POA") to act on his/her behalf pursuant to a General Power of Attorney ( Specific Power of Attorney for the Property), dated . This form is not a Power of Attorney. A Power of Attorney must have already been executed before this form is used. D. ESTATE: (1) Seller is an Restate, El, conservatorship, or[] guardianship identified by Superior Court Case name as , Case # _ (2) The person(s) signing below is/are court approved representatives(whetherdesignatedas Sole or Co -Executor, Administrator, Conservator, Guardian) of the estate, conservatorship or guardianship identified above. 2. Seller's Representative represents that the trust, entity or power of attorney for which that Party is acting already exists. Seller: �f / By 7 , 1 kC/vz Date: % LCi / / . (Sign Name of Trustee, Ofic Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name mat Rahimzadeh Title: dated By Date: (Sign Name of Trustee, Officer, Managing Member, Partner, Attorney -in -Fact or Administrator/Executor) (Print Representative Name) _ Title: Acknowledgement of Receipt By Other Party: (List r •/.rok- ) Prem'erReal A soci. t- By ✓.� Imo% G gob At`oj -v Vl) Date: J ..— poi — + l (Buyer) (Print Buyer Name) (Buyer) Date: (Print Buyer Name) Date: 7 /19/(7 CO 2015-2016 CaGfomia Association of REALTORS®, Inc. United States copyright law (fltle 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. IUPublished and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REALTORS®- 525 South Virgil Avenue, Los Angeles, California 90020 l Reviewed by RCSD-S REVISED 6116 (PAGE 1 OF 1) j REPRESENTATIVE CAPACITY SIGNATURE DISCLOSURE (RCSD-S PAGE 1 OF 1) Premier Realty Associates 485E Mercury St d214 San Diego. CA 92111 Phone: 858-277.6173 Fax: John Lemkau Produced with zipForm8B by zipLogix 18070 Feeen Mile Road. Fraser, Michigan 48026 www'iPLogix mm rruu .,OLLaw T�OFi LM-�� 420 W. 210 St MS+-cwarf 17+4-SD RECORDING REQUESTED BY: is Escrow Concepts A Non -Independent Broker Escrow Order No. 01180-279161 Escrow No. 2184-NA Parcel No. 559-125-16-00 AND WHEN RECORDED MAIL TO: THE CITY OF NATIONAL CITY HOUSING & ECONOMIC DEVELOPMENT DEPARTMENT 140 E I2TH STREET, SUITE B NATIONAL CITY, CA 91950 DOC# 2017-0359273 IIII IIII II II III IIII IIIIIII II IIIIIIIIIIII I I I IIIIII I III Aug 09, 2017 08:00 AM OFFICIAL RECORDS Ernest J. Dronenburg, Jr., SAN DIEGO COUNTY RECORDER FEES: $390.50 PCOR: INC PAGES: 5 SPACE ABOVE THIS LINE FOR RECORDER'S USE GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) THAT DOCUMENTARY TRANSFER TAX IS $390.50 and CITY $ 0.00 ES computed on full value of property conveyed, or ❑ computed on full value less liens or encumbrances remaining at the time of sale. ❑ unincorporated area: ❑ San Diego, and FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Isfahan Inc., a California Limited Liability Corporation, hereby GRANT(S) to The City of National City, a California Municipal Corporation the following described real property in the County of San Diego, State of California: LEGAL DESCRIPTION: Sec complete legal description as referenced in Exhibit "A" attached hereto and made a part hereof. More commonly known as: 420 W. 2lst Street, San Diego, CA 91950 Date May 8, 2017 Isfahan Inc., a California Limited Liability Corporation 0//'/ 7)-/-7 c/i/vtg de h By; Zinat Rahimzadeh, Authorized Signer • A notary public or other officer completing this certificate v.;rities only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF } S.S. On , before m personally appeared Isfahan Inc. a Californi.. Invited Liabilit Corporation, who proved to me on the basis of satisfactory evidence to be the person(s) whose name s/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their orized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf . which the person(s) acted, executed the instrument. SAY d Mail Tax Statements to: SAME AS ABOVE or Address Noted Below ms+twdrf T}le- ED RECORDING REQUESTED BY: k Escrow Concepts A Non -Independent Broker Escrow Order No. 01180-279161 Escrow No. 2184-NA Parcel No. 559-125-16-00 AND WHEN RECORDED MAIL TO: THE CITY OF NATIONAL CITY HOUSING & ECONOMIC DEVELOPMENT DEPARTMENT 140 E 12TH STREET, SUITE B NATIONAL CITY, CA 91950 THIS DOCUMENT HAS BEEN ELECTRONICALLY RECORDED. SEE THE ATTACHED COVER PAGE FOR RECORDING INFORMATION SPACE ABOVE THIS LINE FOR RECORDERS USE GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) THAT DOCUMENTARY TRANSFER TAX IS $390.50 and CITY $ 0.00 CS computed on full value of property conveyed, or ❑ computed on full value less liens or encumbrances remaining at the time of sale. ❑ unincorporated area: ❑ San Diego, and FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Isfahan Inc., a California Limited Liability Corporation, hereby GRANT(S) to The City of National City, a California Municipal Corporation the following described real property in the County of San Diego, State of California: LEGAL DESCRIPTION: See complete legal description as referenced in Exhibit "A" attached hereto and made a part hereof. More commonly known as: 420 W. 21st Street, San Diego, CA 91950 Date May 8, 2017 Isfahan Inc., a California Limited Liability Corporation f ///4 7 ozo � 1�/i/i/t o ev/ I� By: Zinat Rahimzadeh, Authorized Signer A notary public or other officer completing this certificate v.;rities only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF }s.s. On , before m personally appeared Isfahan Inc., a Californi evidence to be the person(s) whose name executed the same in his/her/their person(s), or the entity upon behal SAY imited Liability Corporation, who proved to me on the basis of satisfactory ss/are subscribed to the within instrument and acknowledged to me that he/she/they orized capacity(ies), and that by his/her/their signature(s) on the instrument the which the person(s) acted, executed the instrument. Mail Tax Statements to: SAME AS ABOVE or Address Noted Below CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of �r,2 { /\ C -JD Oi 1 ILL.-- C)G 2Oc-q before me, nott-)a-L, t 4bi,1 1, i3:_1 U v/✓i1( Date Here Insert Name and Title of the Officer A-1411-Aa DC—H — _ personally appeared 1:1-.( Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person* whose name(s)- is/are- subscribed to the within instrument and acknowledged to me that-lie/she/they executed the same in -144s/her/their authorized capacity(ies), and that by iris/her/their signature(s)'on the instrument the person(s7, or the entity upon behalf of which the person(e)-acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. OFFICIAL SEAL ALEJANDRA ADRA NOTARY PUBLIC-CALIFORNIA COMM. NO. 2083440 SAN DIEGO COUNTY MY COMM. EXP. OCT. 24.2018 Place Notary Seal Above WITNESS .• h nd and official seal. Signatu OPTIONAL ignature of Notary Public Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Do ment Title or Type of Doc umept:J(-A.i.tr z i3 Number of Pages Signer(s) Other Than Capacity(ies) Claimed by Signer(s) Signer's Name: ❑ Corporate Officer — Title(s): ❑ Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Other: Signer Is Representing: Document Date: 1`04'.i Named Above: Y k -O Signer' Name: ❑ • rporate Officer — Title(s): Partner — ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator Signer Is Representing: ©2014 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907 CERTIFICATE OF ACCEPTANCE This is to certify that the interest(s) in real property conveyed by this instrument to the City of National City are hereby accepted by the undersigned officer on behalf of the City of National City, pursuant to the authority conferred by City of National City Resolution No. 2017-149 on August 1, 2017, and the grantee consents to recordation thereof by its duly authorized officer. GRANTEE: City of National City Dated: August % , 2017 Leslie Deese, City Manager Approved as to Form. By: An 1 . - s-Jones Cit - torney A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of the document. State of California County of San Diego ) On sF' , 2017 before me, Angelita Palma, Notary Public (here insert name and title of the officerY personally appeared LEA L>ets-e, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature: Seal) Angel' a, otary Public ANGELITA PALMA COMM. 0 2046693 NOTARY PUBLIC • CALIFORNIA SAN DIEGO COUNTY Cmwmeian Expires OCTOBER 25, 2017 EXHIBIT "A" THE LAND REFERRED TO HEREIN IS SITUATED IN THE COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: LOTS 21 AND 22 IN BLOCK 150 OF NATIONAL CITY REFILED, IN THE CITY OF NATIONAL CITY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 348, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, OCTOBER 2, 1882. TOGETHER WITH THE NORTHEASTERLY HALF OF THE ALLEY ADJACENT TO SAID LOTS 21 AND 22 ON THE SOUTHWEST, AS VACATED AND CLOSED TO THE PUBLIC USE BY RESOLUTION NO. 8024, RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, NOVEMBER 20, 1961 AS FILE NO. 201099 OF OFFICIAL RECORDS. ASSESSOR'S PARCEL NUMBER: 559-125-16-00 BOE-502-A (P1) REV. 12 (05-13) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue and Taxation Code. A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder's office for the county where the property is located. NAME AND MAILING ADDRESS OF BUYER/TRANSFEREE (Make necessary corrections to the printed name and mailing address) The City of National City Housing & Economic Development Department, 140 E 12th Street, Suite B National City, CA 91950 L Escrow No.: 2184-NA ASSESSORS PARCEL NUMBER 559-125-16-00 SELLER/TRANSFEROR Isfahan Inc., a California Limited Liability Corporation BUYER'S DAYTIME TELEPHONE NUMBER BUYER'S EMAIL STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY 420 W. 21st Street, San Diego, CA 91950 MAIL PROPERTY TAX INFORMATION TO (NAME) The City of National City ADDRESS Housing & Economic Development Department, 140 E 12th ❑ YESNO This property is intended as my principal residence. If YES, please indicate the date of occupancy or intended occupancy. CITY National City STATE ZIP CODE CA 91950 MO DAY YEAR PART 1. TRANSFER INFORMATION Please complete all statements. This section contains possible exclusions from reassessment for certain types of transfers. YES NO ❑ . This transfer is solely between spouses (addition or removal of a spouse, death of a spouse, divorce settlement, etc.). ❑ This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal of a partner, death of a partner, termination settlement, etc.), ❑ ` C This is a transfer: ❑ between parent(s) and child(ren) ❑ from grandparent(s) and grandchild(ren). ❑ This transfer is the result of a cotenant's death. Date of death ❑ This transaction is to replace a principal residence by a person 55 years of age or older. Within the same county? ❑ YES ❑ NO ❑ * F. This transaction is to replace a principal residence by a person who is severely disabled as defined by Revenue and Taxation Code section 69.5. Within the same county? 0 YES 0 NO ❑ 12‹. This transaction is only a correction of the name(s) of the persons) holding title to the property (e.g., a name change upon marriage). If YES, please explain: ❑ H. The recorded document creates, terminates, or reconveys a lender's interest in the property. ❑ ,Cl I• ❑ l.�f K. This is a transfer of property: 1. to/from a revocable trust that may be revoked by the transferor and is for the benefit of ❑ the transferor, and/or 0 the transferor's spouse .❑ registered domestic partner. 2. to/from a trust that may be revoked by the creator/grantor/trustor who is also a joint tenant, and which names the other joint tenant(s) as beneficiaries when the creator/grantor/trustor dies. ❑ 3. to/from an irrevocable trust for the benefit of the ❑ creator/grantor/trustor and/or 0 grantor's/trustor's spouse 0 grantor's/trustor's registered domestic partner. ❑ 1%1:. This property is subject to a lease with a remaining lease term 35 years or more including written options. ❑ ZM. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each being transferred remain exactly the same after the transfer. ❑ 0V— his is a transfer subject to subsidized low-income housiritj requirements with governmentally imposed restrictions. O. This transfer is to the first purchaser of a new building containing an active solar energy system. * Please refer to the instructions for Part 1. Please provide any other information that will Writhe Assessor understand the nature of the transfer. This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest (e.g., cosigner). If YES, please explain: The recorded document substitutes a trustee of a trust, mortgage, or other similar document. and every parcel • Escrow No.: 2184-NA BOE-502-A(P2) REV. 12 (05-13) PART 2, OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date B. Type ofansfer: urchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE-100-B) ❑ Contract of sale. Date of contract: ❑ Inheritance. Date of death: ❑ Sale/Leaseback ❑ Creation of a lease ❑ Assignment of a lease ❑ Termination of a lease, Date lease began: Original term in years(including written options): Remaining term in years (including written options): ❑ Other. Please explain: C. Only a partial interest in the property was transferred. 0 Yes If YES, indicate the percentage transferred: PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable. A. Total purchase price B. Cash down payment or value of trade or exchange excluding closing costs Amount $ C. First deed of trust @ % interest for years. Monthly payment $ Amount S 0 FHA ( Discount Points) 0 Cal -Vet ❑ VA ( Discount Points) 0 Fixed rate 0 Variable rate 0 Bank/Savings & Loan/Credit Union 0 Loan carried by seller 0 Balloon payment $ Due date: D. Second deed of trust @ % interest for years. Monthly payment $ Amount S 0 Fixed Rate 0 Variable rate 0 Bank/Saving & Loan/Credit Union 0 Loan carried by seller 0 Balloon payment $ Due date: E. Was an Improvement Bond or other public financing assumed by the buyer? OYES ONO Outstanding balance $ F. Amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price $ G. The .property was purchased. 0 Through real estate broker. Broker name Phone number: ( ) X0....Direct from seller 0 From a family member -Relationship Other. Please explain: H. Please explain any special terms, seller concessions, broker/agent fees waived, financing, and any other information (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. PART 4. PROPERTY INFORMATION A. Type of property transferred ingle-family residence Multiple -family residence. Number of units: ❑ Other. Description: (i.e., timber, mineral, water rights, etc.) Check and complete as applicable. ❑ Co-op/Own-your-own ❑ Condominium ❑ Timeshare ❑ Manufactured home 0 Unimproved lot ❑ Commercial/Industrial B. OYES ❑N rsonal/business property, or incentives, provided by seller to buyer are included in the purchase price. Examples of personal property are furniture, farm equipment, machinery, etc. Examples of incentives are club memberships, etc. Attach list if available. If YES, enter the value of the personal/business property: $ Incentives $ C. OYES JA manufactured home is included in the purchase price. If YES, enter the value attributed to the manufactured home: $ OYES 10 The manufactured home is subject to local property tax. If NO, enter decal number: D. OYES d6 The property produces rental or other income. If YES, the income is from: ❑ Lease/rent 0 Contract 0 Mineral rights ❑ Other: E. The condition of the property at the time of sale was: ❑ Good gl yerage ❑ Fair 0 Poor Please describe: CERTIFICATION I certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my •. I:d.e : dbelief. Oil. AI SIGN • T7 RANSFEREE O. . t DATE?" TELEPHONE NAME 0 ER/TRANSFEREE/LEGAL REPRESENTATIVE/CORPORATE OFFICER (PLEASE PRINT) TITLE "" EMAIL ADDRESS The Assessor's office may contact you for -additional information regarding the transaction. O RESOLUTION NO. 2017 — 149 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY RATIFYING THE PURCHASE AND SALE AGREEMENT EXECUTED ON JULY 11, 2017, AND AUTHORIZING THE PURCHASE OF REAL PROPERTY LOCATED AT 420 WEST 21ST STREET FROM ISFAHAN, INC., FOR A TOTAL SALES PRICE OF $355,000 AND THE PAYMENT OF CLOSING COSTS NOT TO EXCEED $2,000 WHEREAS, the real property located at 421 West 21st Street in National City ("Property") is a long rectangular parcel that sticks out into an area that will be part of the 4.4 acre expansion of Paradise Creek Educational Park; and WHEREAS, the Property is key in creating proper access to the new park and facilitating street improvements and drainage at West 21st Street and Harding Avenue; and WHEREAS, the Property was listed for sale at $355,000 and City staff presented the opportunity to purchase the property in closed session on June 20, 2017; and WHEREAS, the City Council provided direction in closed session on June 20, 2017 to begin negotiations and secure the purchase and sale of the Property subject to City Council approval; and WHEREAS, the City approached the listing broker and made an offer, contingent on two factors: 1) the City could only pay the appraised value for the Property, and 2) the City would have to obtain City Council approval of the purchase and sale of the Property; and WHEREAS, the property was appraised for $355,000 and the City entered into a Purchase and Sale Agreement on July 11, 2017, contingent on City Council approval. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby ratifies the Purchase and Sale Agreement executed on July 11, 2017, and authorizes the purchase of the real property located at 420 West 21st Street from Isfahan, Inc., for a total sales price of $355,000 and the payment of closing costs not to exceed $2,000. BE IT FURTHER RESOLVED that the City Council of the City of National City hereby authorizes the City Manager, Deputy City Manager, or designee to execute any escrow documents necessary for the purchase of said Property. [Signature Page to Follow] Resolution No. 2017 — 149 Page Two PASSED and ADOPTED this 1st day of August, 2 on Morrison, Mayor ATTEST: Michael R. DaII.•', City Clerk APPROVED AriTO FORM: orris-J Attorney Passed and adopted by the Council of the City of National City, California, on August 1, 2017 by the following vote, to -wit: Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California G City y onal City, California Ar Cle k of the City of Na By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2017-149 of the City of National City, California, passed and adopted by the Council of said City on August 1, 2017. City Clerk of the City of National City, California By: Deputy CITY OF NATIONAL CITY, CALIFORNIA COUNCIL AGENDA STATEMENT MEETING DATE: August 1, 2017 AGENDA ITEM NO. 16 ITEM TITLE: Resolution of the City Council of the City of National City ratifying the Purchase and Sale Agreement executed on July 11, 2017 and authorizing the purchase of real property located at 420 W. 21 st Street from Isfahan, Inc. for a total sales price of $355,000 and the payment of closing costs not to exceed $2,000. PREPARED BY: Gregory Rose, Property Agent PHONE: 619.336.4266 EXPLANATION: DEPARTMENT: APPROVE usin & Economic elo�ment This property is a long rectangular parcel located on 21st street that sticks out into an area that will be part of the 4.4 acre expansion of Paradise Creek Educational Park. The parcel is key in creating proper access to the new park and facilitating street improvements and drainage at 21st Street and Harding Avenue. The property is listed for sale for $355,000. City staff presented the opportunity to purchase the property in closed session on June 20, 2017 and City Council provided direction in closed session on June 20, 2017 to begin negotiations and secure the purchase and sale of the property subject to City Council approval. The City approached the listing broker and made an offer, contingent on two factors: 1) the City could only pay the appraised value for the property; and 2) the City would have to obtain City Council approval of the purchase and sale of the property. The property was appraised for $355,000 and entered into a purchase and sale agreement contingent on City Council approval. The property currently has a small, vacant single family house with no historical significance. The structure is planned to be demolished to allow for the new community park improvements. The house is in )oor structural condition and cannot be salvaged. FINANCIAL STATEMENT: ACCOUNT NO. 001-409-500-598-1596 APPROVED: APPROVED: Finance MIS $357,000 for property acquisition and related closing costs has been budgeted for in FY2018 under expenditure account 001-409-500-598-1596 (WI-TOD Improvements). ENVIRONMENTAL REVIEW: n/a ORDINANCE: INTRODUCTION: FINAL ADOPTION: STAFF RECOMMENDATION: 'Adopt the Resolution BOARD / COMMISSION RECOMMENDATION: n/a ATTACHMENTS: 1. Purchase and Sale Agreement 2. Aerial Map of Property 3. Property Appraisal 4. Resolution Attachment No. 1 CALIFORNIA DISCLOSURE REGARDING a V... ASSOCIATION REAL ESTATE AGENCY RELATiO€NSH[P OF R E A L T O R S® (Selling Firm to Buyer) (As required by the Civil Code) (C.A.R. Form AD, Revised 12114) ❑ (It checked) This form is being provided in connection with a transaction for a leasehold interest exceeding one year as per Civil Code section 2079.13(k) and (m). When you enter Into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand what type of agency relationship or representation you wish to have with the agent in the transaction. SELLER'S AGENT A Seller's agent under a listing agreement with the Seiler acts as the agent for the Seller only. A Sellers agent or a subagent of that agent has the following affirmative obligations: To the Seller: A Fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Server. To the Buyer and the Seller: (a)Diligent exercise of reasonable skill and care in performance of the agent's duties. (b)A duty of honest and fair dealing and good faith. (c)A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above. BUYER'S AGENT A selling agent can, with a Buyer's consent, agree to act as agent for the Buyer only. In these situations, the agent is not the Sellers agent, even If by agreement the agent may receive compensation for services rendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following affirmative obligations: To the Buyer: A fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Buyer. To the Buyer and the Seller: (a)Diligent exercise of reasonable skill and care in performance of the agent's duties. (b)A duty of honest and fair dealing and good faith. (c)A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the parties. An agent Is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent, either acting directly or through one or more associate licensees, can legally be the agent of both the Seller and the Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer. In a dual agency situation, the agent has the following affirmative obligations to both the Seller and the Buyer. (a)A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either the Seller or the Buyer. (b)Other duties to the Seller and the Buyer as stated above in their respective sections. in representing both Seller and Buyer, the agent may not, without the express permission of the respective party, disclose to the other party that the Setter will accept a price less than the listing price or that the Buyer will pay a price greater than the price offered. The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility to protect his or her own interests. You should carefully read all agreements to assure that they adequately express your understanding of the transaction. A real estate agent is a person qualified to advise about real estate. If legal or tax advice is desired, consult a competent professional. Throughout your real property transaction you may receive more than one disclosure form, depending upon the number of agents assisting in the transaction. The law requires each agent with whom you have more than a casual relationship to present you with this disclosure form. You should read Its contents each time it Is presented to you, considering the relationship between you and the real estate agent in your specific transaction. This disclosure form Includes the provisions of Sections 2079.13 to 2079.24, Inclusive, of the CIvII Code set forth on page 2. Read it carefully. IIWE ACKNOWLEDGE RFCEIRLOF A COPY OF THiS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTED ON THE BACK (OR A SEPARAT Buyer Seller 0 Landlord ❑ Tenant ❑ Buyer Cl Seller ❑ Landlord ❑ Tenant Agent city of Na Self represented Date 9/ (/ /(7 BRE LIc. # Date Real Estate Broker (Firm) By BRE Lie.* Date (Salesperson or Broker -Associate) City of National City Agency Disclosure Compliance (Civil Code §2079.14): • When the listing brokerage company also represents Buyer/Tenant: The Listing Agent shall have one AD form signed by Seller/Landlord and a different AD form signed by Buyer/Tenant • When Seiler/Landiord and Buyer/Tenant are represented by different brokerage companies: (I) the Listing Agent shall have one AD form signed by Selier/Lar-.dlord and (i) the B:ryer's/Ter.anfs Agent shall have one AD form signed by Buyer/Tenant and either that same or a different AD form presented to Seller/Landlord for signature prior to presentation of the offer. If the same form is used, Seiler may sign here: SeleriLandlord Isfahan Inc. Date SelertLandlord Date The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this form, or any portion thereof, by photocopy machine or eny other means, including facsimile or computerized formats. Copyright O 1991-2010, CALIFORNIA ASSOCIATION OF REALTORS®, INC. ALL RIGHTS RESERVED. AD REVISED 12/14 (PAGE 1 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIPIAD PAGE 1 OF 2) Reviewed by Date Presager Realty, 1135 Gantt Ave. 815 San Diego, CA 521e9 Phone: 858.490-0000 Fax 619-233-3333 Roberti Nouraal Produced with zipFornie by zipLogte 18070 Fifteen Milo Road, Fraser, Michigan 48026 www zioL aoin cam Ile City of Saa Attachment No. 1 CIVIL CODE SECTIONS 2079.24 (2079.16 APPEARS ON THE FRONT) 2079.13 As used in Sections 2079.14 to 2079.24, inclusive, the following terms have the following meanings: (a) "Agent" means a person acting under provisions of Trtle 9 (commencing with Section 2295) in a real property transaction, and includes a person who Is licensed as a real estate broker under Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code, end under whose license a feting is executed or se offer to purchase is obtained. (b) 'Associate licensee' means a person who Is licensed as a real estate broker or salesperson under Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code and who is either licensed under a broker or has entered Into a written contract wtth a broker to act as the broker's agent in connection with ads requiring a real estate license and to function under the broker's supervision in the rapacity of an associate licensee. The agent in the real property transaction bears responsibility for his or hex associate licensees who perform as agents of the agent When an associate Seem:Ise owes a duty to any principal, or to any buyer or seller who is not a principal, in a real property transaction, that duty is equivalent to the duty owed to that party by the broker for whom the associate licensee functions. (c)'Buyer" means a transferee In a real property transaction, and Includes a person who executes an offer to purchase real property from a seller through an agent, or who seeks the services of an agent in more than a casual, transitory, or preliminary manner, with the otaed of entering into a reel property transaction, 'Buyer' includes vendee or lessee. (d) 'Commercial reai property' means all real property In the state, except angle-tarnly residential real property, dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 5, mobitehomes, as defined In Section 798.3, or recreational vehicles, as defined in Section 799.29. (e) "Dual agent' means an agent acting, either directly or through an associate licensee, as agent for both the seller and the buyer in a real property transaction. (f) 'Listing agreement means a contract between en owner of rest property and an agent, by which the agent has been authorized to sell the real property or to Lind or obtain a buyer. (g) 'Listing agent' means a person who has obtained a listing of real property to act es an agent for canpensation. (h) 'Listing price' is the amount expressed In dollars specified In the listing for which the seller Is willing to sell the real property through the listing agent (1) "Offering price' is the amount expressed in ddtars wedged In an offer to purchase for which the buyer is willing to buy the real property. 01 'Offer to purchase' means a written contract executed by a buyer acting through a aeling agent that becomes the contract for the sale of the real property upon acceptance by the seller. (k) "Real property' means any estate specified by subdivision (1) or (2) of Section 761 in property that constitutes or Is Improved with one to four dwelling units, any commercial real property, any leasehold in these types of property exceeding one year's duration, and mobilehomes, when offered for sale or sold through an agent pursuant to the authority contained in Section 10131.6 of the Business and Professions Code. (I) 'Real property transaction' means a transaction for the sale of real property in which an agent is employed by one or more of the principals to act in that transaction, end Includes a listing or an offer to purchase. (m) 'Sell,' "sale," or 'sold' refers to a transaction for the transfer of real property from the seller to the buyer, end includes exchanges of real property between the seller and buyer, transactions for the creation of a real property sales contract within the meaning of Section 2985, and transactions for the creation of a leasehold exceeding one year's duration. (n)'Seller' means the transferor in a real property transaction, end includes en owner who Lists real property with an agent, whether or not a transfer results, or who receives an offer to purchase real property of which he or she is the owner from an agent on behalf o1 another. 'Seller' includes both a vendor and a lessor. (o) 'Setting agent' means a listing agent who ads alone, or an agent who acts in cooperation with a taping agent and who setts or finds and obtains a buyer for the real property, or an agent who locates property for a buyer or who finds a buyer for a property for which no listing exists and presents an offer to purchase to the seller, (p) 'Subagent means a person to whom en agent delegates agency powers as provided in Article 5 (commencing with Section 2349) of Chapter 1 of Title 9. However, "subagent' does not include en associate licensee who is acting under the supervision of an agent in a real property transaction. 2079.14 Listing agents end selling agents shall provide the seller and buyer in a real property transaction with a copy of the disclosure form specified in Section 2079.16, and, except as provided in subdivision (c), shall obtain a signed acknowledgement of receipt from that seller or buyer, except as provided in this section or Section 2079.15, es follows: (a) The listing agent, Ii any, shall provide the disclosure form to the seller prior to entering into the listing agreement. (b) The selling agent snall provide the disclosure loan to the seller as soon as practicable prior to presenting the seller with an offer to purchase. unless the seling agent previously provided the seler with a copy of the disclosure form pursuant to subdivision (e). (c) Where the selling agent does not deal on face-to-face basis with the seller, the disclosure form prepared by the selling agent may be furnished to the seller (and acknowledgement of receipt obtained for the selling agent from the seler) by fie listing agent, or the seling agent may deliver the disclosure Scorn by certified mail addressed to the seler at his or her last known address, in which case no signed acknowledgement of receipt is required. (d) The seling agent shall provide the disclosure form to the buyer as soon as practicable prior to execution of the buyer's offer to purchase, except that If the offer to purchase is not prepared by the seling agent the seining agent shell present tee drsctostre form to the buyer no later than the next business day after the seling agent receives the offer to purchase from the buyer. 2078.15 In any circumstance In which the setter or buyer refuses to sign en acknowledgement of receipt pursuant to Section 2079.14, the agent, or an associate licensee acting for an agent, shall set forth, sign, and date a written declaration of the facts of the refusal. 2079.16 Reproduced on Page 1 of this AD form. 2078.17 (a) As soon as predicable, the sailing agerrt shall disclose to the buyer and seller whether the sC19rg agent is acting in the rest property transaction exclusively as the buyers agent, exclusively as the seller's agent, or as a duel agent representing both the buyer and the seller. This relationship slat be confirmed in the contract to purchase and sell real property or in a separate writing executed or acknowledged by the seller, the buyer, and the selling agent prior to or coincident with execution of that contract by the buyer and the seler, respectively. (b) As soon as practicable, the fisting agent shall disclose to the seler whether the fisting agent is acting in the real property transaction exclusively as the sclera agent, or as a dual agent representing both the buyer and seller. This retaliormhip shall be confrmed to the contract to purchase and sel real property or in a separate writing executed or admovdedged by the meter and the Sating agent prior to or confident with the execution of that contrail by the seller. (e) The confirmation required by subdivisions (a) and (b) shall be in the following form. [DO NOT COMPLETE, SAMPLE ONLY) is the agent of (check one): LJ the seller exclusively; or 0 both the buyer and seller. (Name of Listing Agent) (DO NOT COMPLETE. SAMPLE ONLYI is the agent of (check one): 0 the buyer exclusively; or O the seller exclusively; or (Name of Selling Agent if not the same es the Listing Agent) 0 both the buyer and seller. (d) The disclosures and confirmation required by this section shalt be In eddttion to the disclosure required by Section 2079.14. 2078.18 No selling agent in a real property transaction may act as an agent for the buyer only, when the eating agent Is also ailing as the fisting agent in the transaction. 2079.19 The payment of compensation or the obligation to pay compensation to an agent by the sailer or buyer is not necessarily determinative of a particular agency relationship between an agent and the seller or buyer. A listing agent and a selling agent may agree to share any compensation or commission paid, or any right to any compensation or commission for which an obligation arises ea the resutt of a real estate transaction, and the terms of any such agreement shall not necessarily be determinative of a particular relationship. 2078.20 Nothing In this article prevents an agent from selecting, as a condition of the agent's employment, a specific form of agency relationship not specifically prohibited by this article ii the requirements of Section 2079.14 end Section 2079.17 are complied with. 2079.21 A dual agent shall riot disclose to the buyer that the seller is wiling to sell the property at a price less then the ;Sating price, without the express written consent of the seller. A dual agent ahai not disclose to the seller that the buyer Is willing to pay a price greater then the offering price, without the express written consent of the buyer. This section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information other than price, 2078.22 Nothing in this article precludes a listing agent from also being a setting agent, and the combination of these functions in one agent does not, of Itself, make that agent a dual agent 2078.23 A contract behveen the principal and agent may be modified or ahered to change the egency relationship at any time before the performance of the act which is the object of the agency with the written consent of the parties to the agency relationship. 2079.24 Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers and sellers by agents and their associate licensees, subagents, and employees or to relieve agents and their associate licensees, subagents, and employees from liability tor their conduct in connectors with acts governed by this article or for any breach of a fiduciary duty or a duty of disclosure. Publmhed and Diselbcted by. REAL ESTATE BUSINESS SERVICES, INC. a subdolaryorthe cem1rm a Association ofREALTORSe Reviowod by Data s525 South Wg1 Avenue, Los Angeles, Calla -ram 90020 AD REVISED 12i14 (PAGE 2 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP (AD PAGE 2 OF 2) Produced with zipForrne by apLogix 18070 Ffteeri we Road, Fraser. Michigan 48026 wswsiol ogtx rem 11r Clay of Sas [11 epee Nwete Attachment No, 1 4-C A L I P O R N I A POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER ! ASSOCIATION OR SELLER - DISCLOSURE AND CONSENT P® (CAR, Forth PRBS, Vir OF REALTORS A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker's or salespersons (associate licensees) acting under the Broker's license. The associate licensees may be working out of the same or different office locations. Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property. Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller's property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property. In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth In (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties. Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer's offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice In the real estate community, the listing agent's marketing strategy and the instructions of the seller. Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships. Seiler and/or Buyer acknowledges reading and understanding this Possible Representation of More Than One Buyer or Seller - Disclosure and Consent and agrees to the agency possibilities disclosed. Seller Seller Buyer Buyer Isfahan Inc. Date 07/05/2017 Date The City of National City Date Date Real EstatPremier Realty CalBRE Lic # 01425679 Date 07/05/2017 By Bob Nourani Real Estate Broker (Firm) Seff represented By City of National City CalBRE Lic # 01350632 Date 07/0512017 CaIBRE Lic # Date CalBRE Lic # Date C 2014, California Association of REALTORSO. Inc. United States copyright law (Title 17 U.S. Code) forbids the unauthortzed distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized forrnats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO (CAR.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS, IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through en agreement with or purchase from the California Association of REALTORSO. It is not intended to identify the user as a REALTORO. REALTORO is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORSO who subscribe to Its Code of Ethics. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the Cafifomia Association of REALTORSO a 625 South Virgil Avenue, Los Angeles, California 90020 PRBS 1 /14 (PAGE 1 OF 1) POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER (PRBS PAGE 1 OF 1) r Reviewer by _ Date j OPP Premier Realty, 1135 Garner Are. 015 San Diego, CA 92109 Phone 05A-490-0000 Fax 619-233-3333 Robert Noumea Produced with zlpForme by zipLoglx 18070 Fifteen Mlle Road. Fraser, Michigan 4802t3 Waw.zlaLooucrnm The Ctty et San Attachment No. 1 4-4S CALIFORNIA ASSOCIATION *- OF REALTORS® WIRE FRAUD ADVISORY (C.A.R. Form WFA, 6i16) Property Address: 420 W 21st Street, San Diego, CA 91950 ("Property"). WIRE FRAUD ADVISORY: The ability to communicate and conduct business electronically is a convenience and reality in nearly all parts of our lives. At the same time, it has provided hackers and scammers new opportunities for their criminal activity. Many businesses have been victimized and the real estate business is no exception. While wiring funds is a welcome convenience, buyers and sellers need to exercise extreme caution. Emails attempting to induce fraudulent wire transfers have been received and have appeared to be legitimate. Reports indicate that some hackers have been able to intercept emailed wire transfer instructions, obtain account information and, by altering some of the data, redirect the funds to a different account. It also appears that some hackers were able to provide false phone numbers for verifying the wiring instructions. In those cases, the buyers called the number provided, to confirm the instructions, and then unwittingly authorized a transfer to somewhere other than escrow. Sellers have also had their sales proceeds taken through similar schemes. ACCORDINGLY, BUYERS AND SELLERS ARE ADVISED: 1. Obtain the phone number of the Escrow Officer at the beginning of the transaction. 2. DO NOT EVER WIRE FUNDS PRIOR TO CALLING YOUR ESCROW OFFICER TO CONFIRM WIRE INSTRUCTIONS. ONLY USE A PHONE NUMBER YOU WERE PROVIDED PREVIOUSLY. Do not use any different phone number included in the mailed wire transfer instructions. 3.Oirally coriiirm the wire transfer Instruction is Iegi innate and confirm the batik routing ittiritber, account numbers and other codes before taking steps to transfer the funds. 4.Avoid sending personal information in emaiis or texts. Provide such information in person or over the telephone directly to the Escrow Officer. b. Take steps to secure the system you are using with your email account. These steps include creating strong passwords, using secure WiFi, and not using free services. If you believe you have received questionable or suspicious wire instructions, immediately notify your bank, the Escrow Holder and your real estate agent. The sources below, as well as others, can also provide information: Federal Bureau of Investigation: https://www.fbi.gov/ National White Collar Crime Center: http://www.nw3c.org/ On Guard Online: https://www.onguardonllne.gov/ By signing below, the undersigned acknowledge that each has read, understands and has received a copy of thi IreLL and Advis Buyer The City of National CityDate 7/0( Buyer Seller Seller Date Isfahan inc. Date Date o 2016, CNiomia Association of REALTORSO, Inc. United Staten copyright law (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO (CA.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER iS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form Is made available to real estate professionals through an agreement with or purchase from CA.R. It is not intended to identify the user as a REALTORO. REALTORO is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORSO who subscribe to Its Code of Ethics. Published and Distributed by: % REAL ESTATE BUSINESS SERVICES, INC. a subsidiary of the California Association of REALTORSO 525 South Virgil Avenue, Los Angeies, California 90020 WFA 6/16 (PAGE 1 OF 1) Reviewed by J WIRE FRAUD ADVISORY (WFA PAGE 1 OF 1) [p114 1.101.1121. Orra,TVNn Premier Really, 1135 Garnet Ave. 815 San Diego, CA 92109 Phone: 858-490-000D Fax: 619-233-3353 Robert Noeraal Produced with zlpForrn® by zIpLogix 18070 Fifteen Mile Road, Fraser, Michlgan 48026 ]70(t71f TIP mix rqm lime City of Si" Attachment No. 1 CALIFORNIA ASSOCIATION �� OF REALTORS® RESIDENTIAL PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (C.A.R. Form RPA-CA, Revised 12M6 ) Date Prepared: 07/05/2017 1. OFFER: A. THIS IS AN OFFER FROM The City of National City ("Buyer"). B. TKE REAL PROPERTY to be acquired is 420 W 21st Street, San Diego CA 91950 , situated in San Diego (City) San Diego (County), Ca; fomie, 91950 (Zip Code), Assessor's Parcel No. 559-125-1600 ('Properly"). C. THE PURCHASE PRICE offered is Three Hundred Fifty -Five Thousand Ddars $ 355,000.00 D. CLOSE OF ESCROW shall occur on �( August 4, 2017 (date)(or ❑ Days After Acceptance). E. Buyer and Seller are referred to herein as the "Parties.' Brokers are not Parties to this Agreement. 2. AGENCY: A. DISCLOSURE: The Parties each acknowledge receipt of a ®'Disclosure Regarding Real Estate Agency Relationships" (C.A.R_ Form AD). B. CONFIRMATION: The following agency relationships are hereby confirmed for this transaction: Listing Agent Premier Realty (Print Firm Name) is the agent of (check one): © the Seller exclusively; or ❑ both the Buyer and Seller. Selling Agent Self represented (Print Firrn Name) (if not the same as the Listing Agent) is the agent of (check one): ❑ the Buyer exclusively; orL the Seller exclusively; or L] both the Buyer and Seller. C. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a ® "Possible Representation of More than One Buyer or Seller - Disclosure and Consent' (C.A.R. Form PRBS). 3. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. A. INITIAL DEPOSIT: Deposit shall be in the amount of $ i 000.00 (1) Buyer Direct Deposit: Buyer shall deliver deposit directly to Escrow Holder by electronic funds transfer, ❑ cashier's check, ❑ personal check, ❑ other within 3 business days after Acceptance (or ); OR (2) ❑ Buyer Deposit with Agent Buyer has given the deposit by persona! check (or } to the agent submitting the offer (or to ), made payable to . The deposit shall be held uncashed until Acceptance and then deposited with Escrow Holder within 3 business days after Acceptance (or ). Deposit checks given to agent shal be an original signed check and not a copy. (Note: Initial and increased deposits checks received by agent shall be recorded in Broker's trust fund log.) B. INCREASED DEPOSR: Buyer shal deposit with Escrow Holder an increased deposit in the amount of $ within Days After Acceptance (or ). If the Parties agree to liquidated damages in this Agreement they also agree to incorporate the increased deposit into the liquidated damages amount in a separate liquidated damages clause (C.A.R. Form RID) at the time the increased deposit is delivered to Escrow Holder. C. © ALL CASH OFFER: No loan is needed to purchase the Property. This offer is NOT contingent on Buyer obtaining a ban. Written verification of sufficient funds to close this transaction IS ATTACHED to this offer or ❑ Buyer shall, within 3 (or ) Days After Acceptance, Deliver to Seller such verification. D. LOAN(S): (1) FIRST LOAN: in the amount of $ This loan will be conventional financing or ❑ FHA, ❑ VA, ❑ Seller financing (CAR. Form SFA), ❑assumed financing (CAR. Fonn AFA), Other . This loan shall be at a fixed rate not to exceed % or, ❑ an adjustable rate loan with initial rate not to exceed %. Regardless of the type of loan, Buyer shall pay points not to exceed % of the loan amount. (2) ❑ SECOND LOAN in the amount of This loan will be conventional financing or ❑ Seller financing (C.A.R. Form SFA), ❑ assumed financing (CAR. Form AFA), ❑ Other . This loan shall be at a fixed rate not to exceed %or, ❑ an adjustable rate loan with initial rate not to exceed %. Regardless of the type of loan, Buyer shal pay points not to exceed % of the loan amount. (3) FHA/VA: For any FHA or VA loan specified in 3D(1), Buyer has 17 (or ) Days After Acceptance to Deliver to Seller written notice (CAR. Form FVA) of any lender -required repairs or costs that Buyer requests Seller to pay for or otherwise correct. Seiler has no obligation to pay or satisfy lender requirements unless agreed in writing, A FHA VA amendatory clause (CAR. Form FVAC) shall be a part of this Agreement. E ADDITIONAL FINANCING TERMS: F. BALANCE OF DOWN PAYMENT OR PURCHASE PRICE in the amount of $ to be deposited with Escrow Holder pursuant to Escrow Holder instructions. G. PURCHASE PRICE (TOTAL) $ Buyer's initials ( �?'1 ) ( ) Seller's Inftials ( ) ( C 1991-2015, Celtfomia Association of REALTORS®, Inc. RPA-CA REVISED t2115 (PAGE OF 10) CAUFORNtA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 1 OF 10) Premier Realty, 1135 Garnet Ave. 813 San Diego, CA 92109 Phone, 856-490-0000 Fax' 619-233-3333 Robert Nourani Produced with zipFor a by npLoyix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zwLogix corn 354,000.00 355,000.00 epaLLwavn oPvartuwm The City of San Attachment No. 1 Property Address: 420 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 H. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Buyer (or Buyer's lender or loan broker pursuant to paragraph 3J(1)) shall, within 3 (or ) Days After Acceptance, Deliver to Seller written verification of Buyer's down payment and closing costs. (❑ Verification attached.) I. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (or U is NOT) contingent upon a written appraisal of the Property by a licensed or certified appraiser at no less than the purchase price. Buyer shall, as specified in paragraph 14B(3), in writing, remove the appraise! contingency or cancel this Agreement within 17 (or ) Days After Acceptance. J. LOAN TERMS: (1) LOAN APPLICATIONS: Within 3 (or ) Days After Acceptance, Buyer shall Deliver to Seller 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 3D. If any loan specified in paragraph 3D is an adjustable rate loan, the prequalificatlon or preapproval letter shall be based on the qualifying rate, not the initial loan rate. (❑ Letter attached.) (2) LOAN CONTINGENCY: Buyer shall act diligently and in good faith to obtain the designated loan(s). Buyer's qualification for the loan(s) specified above Is a contingency of this Agreement unless otherwise agreed in writing. If there is no appraisal contingency or the appraisal contingency has been waived or removed, then failure of the Property to appraise at the purchase price does not entitle Buyer to exercise the cancellation right pursuant to the loan contingency if Buyer is otherwise qualified for the specified loan. Buyer's contractual obligations regarding deposit, balance of down payment and closing costs are not contingencies of thls Agreement. (3) LOAN CONTINGENCY REMOVAL: Within 21 (or ) Days After Acceptance, Buyer shall, as specified in paragraph 14, in writing. remove the loan contingency or cancel this Agreement. If there is an appraisal contingency, removal of the loan contingency shall not be deemed removal of the appraisal contingency_ (4) ❑ NO LOAN CONTINGENCY: Obtaining any loan specified above is NOT a contingency of this Agreement. If Buyer does not obtain the loan and as a result does not purchase the Property, Seller may be entitled to Buyer's deposit or other legal remedies. (5) LENDER LIMITS ON BUYER CREDITS: Any credit to Buyer, from any source, for dosing or other costs that is agreed to by the Parties ("Contractual Credit') shall be disclosed to Buyer's lender. If the total credit allowed by Buyer's lender ('Lender Allowable Credit') is less than the Contractual Credit, then (i) the Contractual Credit 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 puce to make up for the difference between the Contractual Credit and the Lender Allowable Credit. K. BUYER STATED FINANCING: Seller is relying on Buyers representation of the type of financing specified (including but not limited to, as applicable, all cash, amount of down payment, or contingent or non -contingent loan). Seller has agreed to a specific closing date, purchase price and to sell to Buyer in reliance on Buyer's covenant concerning financing. Buyer shall pursue the financing specified in this Agreement. Seller has no obligation to cooperate with Buyer's efforts to obtain any financing other than that specified in the Agreement and the availability of any such alternate financing does not excuse Buyer from the obligation to purchase the Property and close escrow as specified in this Agreement. 4. SALE OF BUYER'S PROPERTY: A. This Agreement and Buyer's ability to obtain financing are NOT contingent upon the sale of any property owned by Buyer. OR B. [] This Agreement and Buyer's ability to obtain financing are contingent upon the sale of property owned by Buyer as specified in the attached addendum (CA.R. Form COP). 5. ADDENDA AND ADVISORIES: A. ADDENDA: Addendum # (CAR_ Form ADM) Back Up Offer Addendum (C.A.R. Form BUO) Court Confirmation Addendum (CAR. Form CCA) Septic, Well and Property Monument Addendum (C.A.R. Form SVVP1) Short Sale Addendum (C.A.R. Form SSA) f Other B. BUYER AND SELLER ADVISORIES: , Buyer's Inspection Advisory (C.A.R. Form BIA) Statewide Buyer and Seller Advisory jC.A.R. Form SBSA REO Advisory (C.A.R. Form REO) Other Probate Advisory (C.A_R. Form PA) Trust Advisory (C.A.R. Form TA) Short Sale Information and Advisory (C.A.R. Form SSIA) X ) 6. OTHER TERMS: The subject property is sold AS IS with no warranty, no guarantee or repair from the seller. The close of escrow is contingent upon the approval of this contract by the Clty Council of the City of National City. 7. ALLOCATION OF COSTS A. INSPECTIONS, REPORTS AND CERTIFICATES: Unless otherwise agreed in writing, this paragraph only determines who is to pay for the ir,specton, test, certificate or service (°Report") mentioned; it does not determine who Is to pay for any work recommended or identified in the Report. (1) E Buyer © Seller shall pay for a natural hazard zone disclosure report, including tax ® environmental ❑ Other; prepared by Buyer's Choice (2) ) Buyer Lf Seller shall pay for the following Report repared b (3) Buyer LI Seller shall pay for the following Report prepared by Buyer's Ir.itiafs ( ) ( ) Seller's Initials ( ) RPA-CA REVISED 2115 (PAGE 2 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 2 OF 10) Produced with zipFomee by zipLogix 18070 Fifteen µle Road. Fraser, Michigan 48026 *Ww.zioLoolx.c0lil The City of Sin Attachment No. 1 Property Address: 420 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 B. GOVERNMENT REQUIREMENTS AND RETROFIT: (1) ❑ Buyer lid Seller shall pay for smoke alarm and carbon monoxide device installation and water heater bracing, if required by Law. Prior to Close Of Escrow ('COE"), Seller shall provide Buyer written statement(s) of compliance in accordance with state and local Law unless Seller is exempt. (2) (i) ❑ Buyer L] Seiler shall pay the cost of compliance with any other minimum mandatory govemment inspections and reports if r- ulred as a condition of closing escrow under any Law. (ii)U Buyer ❑ Selter shall pay the cost of compliance with any other minimum mandatory government retrofit standards required as a condition of closing escrow under any Law, whether the work is required to be completed before or after COE. (ili) Buyer shall be provided, within the time specified in paragraph 14A, a copy of any required govemment conducted or point -of -sale inspection report prepared pursuant to this Agreement or in anticipation of this sale of the Property. C. ESCROW AND TITLE: (1) (a) © Buyer © Seller shall pay escrow fee 50/50 (b) Escrow Holder shall be Escrow Concepts (c) The Parties shall, within 5 (or_) Days After receipt, sign and return Escrow Holder's general provisions. (2) (a) ❑ Buyer © Seller shall pay for owner's title Insurance policy specified in paragraph 13E (b) Owner's title policy to be issued by Stewart Title (Buyer sha I pay for any title insurance policy insuring Buyer's lender, unless otherwise agreed in writing.) D. OTHER COSTS: (1) Buyer Seller shall pay County transfer tax or fee (2) Buyer [ Seller shall pay City transfer tax or fee (3) Buyer Selter shall pay Homeowners' Association (`HOA`) transfer fee (4) Seller shall pay HOA fees for preparing documents required to be delivered by Civil Code §4525. (6) ❑ Buyer ❑ Seller shall pay HOA fees for preparing all documents other than those required by Civil Code §4525. (6) Buyer to pay for any HOA certification fee. (7) Buyer x Seller shall pay for any private transfer fee If any (8) — Buyer _ Seller shall pay for (9) _ Buyer Seller shall pay for (10) _ Buyer L] Seller shall pay for the cost, not to exceed $ of a standard (or ❑upgraded) one-year home warranty plan issued by , with the fo lowing optional coverages: ] Air Conditioner Li Pool/Spa ❑ Other Buyer is informed that home warranty plans have many optional coverages in addition to those listed above. Buyer is advised to investigate these coverages to determine those that may be suitable for Buyer. OR© Buyer waives the purchase of a home warranty plan. Nothing In tills paragraph precludes Buyer's purchasing a home warranty plan during the term of thls Agreement. 8. ITEMS INCLUDED IN AND EXCLUDED FROM SALE: A. NOTE TO BUYER AND SELLER: Items listed as included or excluded in the MLS, flyers or marketing materials are not included in the purchase price or excluded from the sale unless specified in paragraph 8 B or C. B. ITEMS INCLUDED IN SALE: Except as otherwise specified or disclosed, (1) All EXISTING fixtures and fittings that are attached to the Property; (2) EXISTING electrical, mechanical, lighting, plumbing and heating fixtures, ceiling fans, fireplace inserts, gas logs and grates, solar power systems, built-in appliances, window and door screens, awnings, shutters, window coverings, attached floor coverings, television antennas, satellite dishes, air coolers/conditioners, pool/spa equipment, garage door openers/remote controls, mailbox, in -ground landscaping, trees/shrubs, water features and fountains, water softeners, water purifiers, security systems/alarms and the following if checked: ❑x all stove(s), except all refrigerator(s) except L all washers) and dryer(s), except ; (3) The following additional Items: (4) Existing integrated phone and home automation systems, including necessary components such as intranet and internet- connected hardware or devices, control units (other than non -dedicated mobile devices, electronics and computers) and applicable software, permissions, passwords, codes and access information, are (❑ are NOT) included In the sale. (6) LEASED OR LiENED ITEMS AND SYSTEMS: Seller shall, within the time specified in paragraph 14A, (i) disclose to Buyer if any item or system specified in paragraph 88 or otherwise induded in the sale is leased, or not owned by Seller, or specifrca:ly subject to a lien or other encumbrance, and (ii) Deliver to Buyer all written materials (such as lease, warranty, etc.) concerning any such item. Buyer's ability to assume any such lease, or willingness to accept the Property subject to any such lien or encumbrance, is a contingency in favor of Buyer and Seiler as specified in paragraph 14B and C. (6) Seiler represents that all items included in the purchase price, unless otherwise specified, (i) are owned by Seller and shall be transferred free and clear of liens and encumbrances, except the items and systems identified pursuant to 8B(5) and , and (ii) are transferred without Seller warranty regardless of value. C. ITEMS EXCLUDED FROM SALE: Unless otherwise specified, the following items are excluded from sale: (i) audio and video components (such as flat screen TVs, speakers and other items) if any such item is not itself attached to the Property, even if a bracket or other mechanism attached to the component or item is attached to the Property; (ii) furniture and other items secured to the Property for earthquake purposes; and (ili) . Brackets attached to walls, floors or ceilings for any such component, furniture or Item shall re In with the Property (or ❑ will be removed and holes or other damage shall be repaired, but not painted). Buyer's Initials ( ) ( ) Seller's Initials ( ) ( RPA-CA REVISE 2/15 (PAGE 3 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 3 OF 10) Produced with zlpFormt by ztpLoglx 18070 Fifteen Mile Road, Fraser, Michigan 48028 mppy,t gargiltsso Tilt City of S.. EQ UAL �� m Attachment No. 1 Property Address: 420 W 21si Street San Diego CA 91950 Date: July 5, 2017 9. CLOSING AND POSSESSION: A. Buyer intends (or ❑ does not intend) to occupy the Property as Buyers primary residence. B. Seller-occuped or vacant property: Possession shall be delivered to Buyer. (i) at 6 PM or ❑ AM/❑ PM) on the date of Close Of Escrow; (i) ❑ no later than calendar days after Close Of Escrow; or (iii) ❑ at ❑ AM/ PM on C. Seller remaining in possession After Close Of Escrow: if Seger has the right to remain In possession after Close Of Escrow, (i) the Parties ere advised to sign a separate occupancy agreement such as C.A.R. Form SIP, for Seller continued occupancy of less than 30 days, El CAR. Form RLAS for Seller continued occupancy of 30 days or more; and (1) the Parties are advised to consult with their insurance and legal advisors for information about liability and damage or Injury to persons and personal and real property; and (Ili) Buyer is advised to consult with Buyer's lender about the Impact of Sealer's occupancy on Buyers loan, D. Tenant -occupied property: Property shall be vacant at least 5 (or _) Days Prior to Close Of Escrow, unless otherwise agreed in writing. Note to Seller: If you are unable to deliver Property vacant In accordance with rent control and other applicable Law, ou may be in broach of this Agreement. ORLI Tenant to remain in possession (CAR. Form TIP). E. At Close Of Escrow: Setter assigns to Buyer any assignable warranty rights for items included in the sale; and Seger shall Deliver to Buyer available Copies of any such warranties. Brokers cannot and will not determine the assignability of any warranties. F. At Close Of Escrow, unless otherwise agreed in writing, Seller shall provide keys, passwords, codes and/or means to operate al locks, mailboxes, security systems, alarms, home automation systems and Intranet and Internet -connected devices included In the purchase price, and garage door openers. If the Property is a condominium or located in a common Interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association ('HOA') to obtain keys to accessible HOA taclltties. 10. STATUTORY AND OTHER DISCLOSURES (INCLUDING LEAD -BASED PAINT HAZARD DISCLOSURES) AND CANCELLATION RIGHTS: A. (1) Seller shag, wtthln the time specfed In paragraph 14A, Deriver to Buyer. () if required by Law, a fully completed: Federal Lead - Based Paint Disclosures (CAR. Form FLD) and pamphlet ('Lead Disclosures'); and (Ii) unless exempt, fully completed disclosures or notices required by sections 1102 et seq. and 1103 et. seq. of the Civil Code ('Statutory Disclosures')_ Statutory Disclosures include, but are not limited to, a Real Estate Transfer Disclosure Statement ('TDS'), Natural Hazard Disclosure Statement CNHD'), notice or actual knowledge of release of Illegal controlled substance, notice of special tax and/or assessments (or, 11 allowed, substantially equivalent notice regarding the Mello -Roos Community Facilities Act of 1982 and Improvement Bond Act of 1915) and, if Seller has actual knowledge, of industrial use and military ordnance location (CAR. Form SPQ or ESD). (2) Any Statutory Disclosure required by this paragraph is considered fully completed If Seller has answered al questions and completed and signed the Seler section(s) and the Listing Agent if any, has completed and signed the Listing Broker section(s), or, tf applicable, an Agent Visual Inspection Disclosure (CAR Form AVID). Nothing stated herein releves a Buyer's Broker, if any, from the obligation to (I) conduct a reasonably competent and diligent visual inspection of the accessible areas of the Property and disclose, on Section IV of the TDS, or an AVID, material facts affecting the value or desirability of the Property that were or should have been revealed by such an Inspection or (II) complete any sections on all disclosures required to be completed by Buyer's Broker. (3) Note to Buyer and Seiler. Waiver of Statutory and Lead Disclosures is prohibited by Law. (4) Wthin the time specified in paragraph 14A, (i) Seller, unless exempt from the obligation to provide a TDS, shall, complete and provide Buyer with a Seiler Property Questionnaire (CAR. Form SPQ); (ill) if Seller Is not required to provide a TDS, Seler shall complete and provide Buyer with an Exempt Seller Disclosure (CAR. Form ESD). (5) Buyer shag, within the time specified in paragraph 14B(1), return Signed Copies of the Statutory, Lead and other disclosures to Seiler. (6) In the event Seller or Listing Broker, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, Information or representations previously provided to Buyer, Seler shall promptly provide a subsequent or amended disclosure or notice, in writing, covering those items. However, a subsequent or amended disclosure shall not be required for conditions and material inaccuracies of which Buyer is otherwise aware, or which are disclosed In reports provided to or obtained by Buyer or ordered and paid for by Buyer. (7) If any disclosure or notice specified In paragraph 10A(1), or subsequent or amended disclosure or notice is Delivered to Buyer after the offer is Signed, Buyer shall have the right to cancel this Agreement within 3 Days After Delivery In person. or 5 Days After Delivery by deposlt In the mall, by giving written notice of cancellation to Seller or Seler's agent. B. NATURAL AND ENVIRONMENTAL HAZARD DISCLOSURES AND OTHER BOOKLETS: Within the time specified in paragraph 14A, Seller shall, if required by Law: (i) Delver to Buyer earthquake guide(s) (and questionnaire), environmental hazards booklet, and home energy rating pamphlet; (ill) disclose if the Property is located in a Special Flood Hazard Area; Potential Flooding (Inundation) Area; Very High Fire Hazard Zone; State Fire Responsbillty Area; Earthquake Fault Zone; and Seismic Hazard Zone; and (III) disclose any other zone as required by Law and provide any other Information required for those zones. C. WITHHOLDING TAXES: Within the time specified in paragraph 14A, to avoid required withholding, Seller shall Deliver to Buyer or qualified substitute, an affidavit sufficient to comply with federal (FIRPTA) and Calfomia withholding Law (CAR. Form AS or QS). D. MEGAN'S LAW DATABASE DISCLOSURE Notice: Pursuant to Section 290.46 of the Penal Code, information about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice at www.meganslaw.ca.gov. Depending on an offenders criminal history, this information will include either the address at which the offender resides or the community of residence and ZIP Code in which he or she resides. (Neither Seller nor Brokers are required to check this website. If Buyer wants further information, Broker recommends that Buyer obtain Information from this website during Buyer's inspection contingency period. Brokers do not have expertise in this area.) E. NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES: This notice is being provided simply to inform you that Information about the general location of gas and hazardous liquid transmission pipelines Is available to the public via the National Pipeline Mapping System (NPMS) Internet Web site maintained by the United States Department of Transportation at http:/iwww.npms.phmse.dot.govf. To seek further Information about possible transmission pipelines near the Property, you may contact your local gas utility or other pipeline operators In the area. Contact Information for pipeline operators is searchable by ZIP Code and county on the NPMS Internet Web site. F. CONDOMINIUM/PLANNED DEVELOPMENT DISCLOSURES: (1) SELLER HAS: 7 (or ) Days After Acceptance to disclose to Buyer if the Property Is a condominium, or is located in a planned develo. . =nt or other common Interest subdivision (CA.R. Form SPQ or ESD). Buyers Initials ( RPA-CA REVIS ) ( ) severs initials ( ) ( 2116 (PAGE 4 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 4 OF 10) Produced with apFomia by zipLogx 18670 Ft8een Mk RoeQ Fray, MlcNgen 48026 gtayahal PtY.c Tie Ctty or Sae Attachment No. 1 Property Address: 920 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 (2) If the Property is a condominium or is located in a planned development or other common interest subdivision, Seller has 3 (or ) Days After Acceptance to request from the HOA (CAR. Form HOA1): (I) Copies of any documents required by Law; (li) disclosure of any pending or anticipated claim or litigation by or against the HOA; (il1) a statement containing the location and number of designated parking and storage spaces; (Iv) Copies of the most recent 12 months of HOA minutes for regular and special meetings; and (v) the names and contact Information of all HOAs governing the Property (collectively, "CI Disclosures"). (v1) private transfer fees; (v11) Pet fee restrictions; and (vlll) smoking restrictions. Seller shall itemize and Deliver to Buyer ell CI Disclosures received from the HOA and any CI Disclosures in Seller's possession. Buyer's approval of CI Disclosures is a contingency of this Agreement as specified in paragraph 14B(3). The Party specified in paragraph 7, as directed by escrow, shall deposit funds into escrow or direct to HOA or management company to pay for any of the above. 11. CONDITION OF PROPERTY: Unless otherwise agreed in writing: (I) the Property is sold (a) 'AS -IS" In its PRESENT physical condition as of the date of Acceptance and (b) subject to Buyer's Investigation rights; (1i) the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and (111) all debris and personal property not included in the sale shall be removed by Close Of Escrow. A. Seller shall, within the time specified in paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, including known insurance claims within the past five years, and make any and ail other disclosures required by law. B. Buyer has theright to conduct Buyer Investigations of the Property and, as specified in paragraph 14B, based upon information discovered in those investigations: () cancel this Agreement; or (II) request that Seller make Repairs or take other action. C. Buyer Is strongly advised to conduct investigations of the entire Property in order to determine its present condition. Seller may not be aware of all defects effecting the Property or other factors that Buyer considers important. Property Improvements may not be bulit according to code, in compliance with current Law, or have had permits Issued. 12. BUYERS INVESTiGATiON OF PROPERTY AND MATTERS AFFECTING PROPERTY: A. Buyer's acceptance of the condition of, and any other matter affecting the Property. Is a contingency of this Agreement as specified in this paragraph and paragraph 14B. Within the time specified In paragraph 14B(1). Buyer shall have the right, at Buyer's expense unless otherwise agreed, to conduct Inspections, Investigations, tests, surveys and other studies ("Buyer Investigations"), Including, but not limited to: (1) a general physical Inspection; (II) an Inspection specifically for wood destroying pests and organisms_ Any inspection for wood destroying pests and organisms shar be prepared by a registered Structural Pest Control company; shall cover the main budding and attached structures; may cover detached structures; shall NOT Include water tests of shower pans on upper level units unless the owners of property below the shower consent shall NOT Include roof coverings; and, if the Property is a unit in a condominium or other common Interest subdivision, the Inspection shall Include only the separate interest and any exclusive -use areas being transferred, and shall NOT include common areas; and shall include a report ("Pest Control Report') showing the findings of the company which shall be separated Into sections for evident infestation or Infections (Section 1) and for conditions likely to lead to infestation or infection (Section 2); (III) inspect for lead -based paint and other lead -based paint hazards; (iv) satisfy Buyer es to any matter specified in the attached Buyers Inspection Advisory (CAR. Form BIA); (v) review the registered sex offender database; (vl) confirm the insurability of Buyer and the Property including the availability end cost of flood and fire insurance; and (vil) review and seek approval of leases that may need to be assumed by Buyer. Without Seller's prior written consent, Buyer shall neither make nor cause to be made: Invasive or destructive Buyer Investigations, except for minimally invasive testing required to prepare a Pest Control Report or inspections by any governmental building or zoning inspector or government employee, unless required by Law. B. Seller shall make the Property evadable for all Buyer Investigations. Buyer shall (1) as specified in paragraph 14B, complete Buyer Investigations and either remove the contingency or cancel this Agreement, and (II) give Seller, at no cost, complete Copies of ell such Investigation reports obtained by Buyer, which obligation shall survive the termination of this Agreement C. Seller shall have water, gas, electricity and all operable pilot lights on for Buyer's Investigations and through the date possession Is made evadable to Buyer. D. Buyer indemnity and seller protection for entry upon property: Buyer shal: (1) keep the Property free and clear of liens; (ii) repair all damage arising from Buyer Investigations; and (ill) Indemnify and hold Seller harmless from all resulting liability, clams, demands, damages and casts. Buyer shal carry, or Buyer shall require anyone acting on Buyer's behalf to cany, policies of liability, workers' compensation and other applicable insurance, defending and protecting Seller from kabdrty for any injuries to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow. Seiler is advised that certain protections may be afforded Seller by recording a "Notice of Non -Responsibility" (CAR. Form NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations under this paragraph shall survive the termination of this Agreement 13. TITLE AND VESTING: A. Within the time specified In paragraph 14, Buyer shall be provided a current preliminary title report ('Preliminary Report"). The Preliminary Report Is only an offer by the title insurer to issue a policy of title insurance end may not contain every item affecting title. Buyer's review of the Preliminary Report and any other matters which may affect title are a contingency of this Agreement as specified In paragraph 14B. The company providing the Preliminary Report shall, prior to issuing a Preliminary Report, conduct a search of the General Index for all Sellers except banks or other Institutional lenders selling properties they acquired through foreclosure (REO5), corporations, and government entities. Serer shaft within 7 Days After Acceptance, give Escrow Holder a completed Statement of Information. B. Title is taken in its present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether of record or not, as of the date of Acceptance except for: (I) monetary liens of record (which Seller Is obligated to pay off) unless Buyer is assuming those obligations or taking the Property subject to those obligations; and (II) those matters which Seller has agreed to remove in writing. C. Within the time specified in paragraph 14A, Seder has a duty to disclose to Buyer all matters known to Setter affecting title, whether of record or not. D. At Close Of Escrow, Buyer shal receive a grant deed conveying Lille (or, for stock cooperative or long-term lease, an assignment of stock certificate or of Seller's leasehold interest), Including oil, mineral and water rights if currently owned by Seller. Title shall vest as designated in Buyer's supplemental escrow instructions. THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES. CONSULT AN APPROPRIATE PROFESSIONAL. Buyer's Initials RPA-CA REV1S ( ) Seller's Initials 15 (PAGE 6 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE b OF 10) Pmduoed with *forme by zlpLogly 18070 Mean Mlle Road, Fraser, Mlddgen 4802E 4�.216 corn The City or San Attachment No. 1 Property Address: 420 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 E. Buyer shall receive a CLTNAL.TA'Homeowner's Policy of Title Insurance", if applicable to the type of property and buyer. If not, Escrow Holder shall notify Buyer. A title company can provide information about the avatlab(ity, coverage, and cost of other title policies and endorsements. if the Homeowner's Policy is not available, Buyer shall choose another policy, instruct Escrow Holder In witting and shall pay any increase in cost. 14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be extended, altered, modified or changed by mutual written agreement. Any removal of contingencies or cancellation under this paragraph by either Buyer or Seller must be exercised in good faith and In writing (C.A.R. Form CR or CC). A. SELLER HAS: 7 (or ) Days After Acceptance to Deliver to Buyer at Reports, disclosures and Information for whidl Seller Is responsible under paragraphs 5, 5, 7, 8B(5), 10A, B, C, and F, 11A and 13A If, by the time spedfied, Seller has not Delivered any such item, Buyer after frst Delivering to Seiler a Notice to Seller to Perform (C.A.R. Form NSP) may cancel this Agreement. B. (1) BUYER HAS: 17 (or _) Days After Acceptance, unless otherwise agreed in writing, to: (1) complete all Buyer Investigations; review all disclosures, reports, lease documents to be assumed by Buyer pursuant to paragraph 8B(5), and other applicable information, which Buyer receives from Seller; and approve all matters affecting the Properly; and (II) Deliver to Seller Signed Copies of Statutory and Lead Disclosures and other disclosures Delivered by Seler in accordance with paragraph 10A (2) Within the time specified in paragraph 14B(1), Buyer may request that Seller make repairs or take any other action regarding the Property (CAR. Form RR). Seller has no obligation to agree to or respond to (CAR. Form RRRR) Buyer's requests. (3) By the end of the time specified In paragraph 14B(1) (or as otherwise specified in this Agreement), Buyer shall Deliver to Seller a removal of the applicable contingency or cancellation (CAR. Form CR or CC) of this Agreement, However, if any report, disclosure or Information for which Seller is responsible is not Delivered within the time specified In paragraph 14A, then Buyer has 5 (or _ ) Days After Delivery of any such items, or the time specified in paragraph 14B(1), whichever is later, to Deaver to Seller a removal of the applicable contingency or cancellation of this Agreement. (4) Continuation of Contingency: Even after the end of the time specified in paragraph 14B(1) and before Seller cancels, if at all, pursuant to paragraph 14D, Buyer retains the right, In writing, to either (i) remove remaining contingencies, or (II) cancel this Agreement based on a remaining contingency. Once Buyer's written removal of all contingencies is Delivered to Seller, Seller may not cancel this Agreement pursuant to paragraph 14D(1). (5) Access to Property: Buyer shall have access to the Property to conduct Inspections and investigations for 17 (or ) Days After Acceptance, whether or not any part of the Buyer's Investigation Contingency has been waived or removed. C. ❑ REMOVAL OF CONTINGENCIES WITH OFFER: Buyer removes the contingencies specified in the attached Contingency Removal form (C.A.R. Form CR). If Buyer removes any contingency without an adequate understanding of the Property's condition or Buyer's ability to purchase, Buyer is acting against the advice of Broker. D. SELLER RIGHT 70 CANCEL: (1) Seller right to Cancel; Buyer Contingencies: H, by the time specified in this Agreement, Buyer does not Deliver to Seiler a removal of the applicable contingency or cancellation of this Agreement, then Seller, after first Delivering to Buyer a Notice to Buyer to Perform (CAR. Form NBP), may cancel this Agreement In such event, Seller shal authorize the retum of Buyer's deposit, except for fees incurred by Buyer. (2) Seller right to Cancel; Buyer Contract Obligations: Seller, after first delivering to Buyer a NBP, may cancel this Agreement if, by the time specified in this Agreement, Buyer does not take the following action(s): (I) Deposit funds as required by paragraph 3A, or 3B or it the funds deposited pursuant to paragraph 3A or 3B are not good when deposited; (11) Deliver a notice of FHA or VA costs or terms as required by paragraph 3D(3) (C.A.R. Form FVA); (111) Deliver a letter as required by paragraph 3J(1); (Iv) Deliver verification, or a satisfactory vertfication if Seller reasonably disapproves of the verification already provided, as required by paragraph 3C or 3H; (v) In writing assume or accept leases or liens specified In 8B5; (vi) Return Statutory and Lead Disclosures as required by paragraph 10A(5); or (v11) Sign or initial a separate liquidated damages form for en Increased deposit as required by paragraphs 313 and 21B; or (vili) Provide evidence of authority to sign In a representative capacity as specified In paragraph 19_ In such event, Seller shall authorize the retum of Buyer's deposit, except for fees Incurred by Buyer. E. NOTICE TO BUYER OR SELLER TO PERFORM: The NBP or NSP shaD: (1) be in writing; (ii) be signed by the applicable Buyer or Seller; and (III) give the other Party at least 2 (or _) Days After Delivery (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action. A NBP or NSP may not be Defnrered any earlier than 2 Days Prior to the expiration of the appicable time for the other Party to remove a contingency or cancel this Agreement or meet an obligation specified in paragraph 14. F. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes, in writing, any contingency or cancellation rights, unless otherwise specified in writing, Buyer shal conclusively be deemed to have: (i) completed all Buyer Investigations, and review of reports and other applicable information and disclosures pertaining to that contingency or cancellation right (II) elected to proceed with the transaction; and (III) assumed all lability, responsibility and expense for Repairs or corrections pertaining to that contingency or cancellation right, or for the inability to obtain financing. G. CLOSE OF ESCROW: Before Buyer or Seiler may cancel this Agreement for failure of the other Party to close escrow pursuant to this Agreement Buyer or Seller must first Deliver to the other Party a demand to close escrow (CAR. Form DCE)_ The DCE shall: (I) be signed by the appicable Buyer or Seller, and (ii) give the other Party at least 3 (or ) Days After Delivery to dose escrow. A DCE may not be Delivered any earlier than 3 Days Prior to the scheduled dose of escrow. H. EFFECT OF CANCELLATION ON DEPOSITS: If Buyer or Seller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement, the Parties agree to Sign mutual instructions to cancel the sale and escrow and release deposits, if any, to the party entitled to the funds, less fees and costs Incurred by that party. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Except as specified below, release of funds will require mutual Signed release instructions from the Parties, Judicial decision or arbitration award. If either Party falls to execute mutual instructions to cancel escrow, one Party may make a written demand to Escrow Holder for the deposit. (CAR. Form BDRD or SDRD). Escrow Holder, upon receipt, shall promptly deliver notice of the demand to the other Party. if, within 10 Days After Escrow Holder's notice, the other Party does not object to the demand, Escrow Holder shall disburse the deposit to the Party making the demand_ 1f Escrow Holder complies with the preceding process, each Party shall be deemed to have released Escrow Holder from any and all deigns or liability related to the disbursal of the deposit. Escrow Holder, at its discretion, may nonetheless require mutual cancellation instructions. A Pa may be subject to a civil penalty of up to $1,000 for refusal to sign cancellation Instructions If no good faith dispute ex as to who Is entitled to the deposited funds (Chill Code §1057.3). Buyer's initials ( %// ) ( ) Sellers Initials ( ) RPA-CA REVISE 4 15 (PAGE 6 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 6 OF 10) Produced with 71pI orme by z[pLoga 18070 Fifteen M9e Road, Fraser. Midilgen 48026 www.ziPLogoc urn The City of Su 21).1.,a,..13 Attachment No. 1 Property Address: 420 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 15. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final verification of the Property within 5 (or [] _ ) Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to coal -ran: (I) the Property Is maintained pursuant to paragraph 11; (ill Repairs have been completed as agreed; and MO Seller has complied with Stifles other obligations under this Agrevoient (CA.R. Form VP). 16. REPAIRS: Repairs shall be completed prior to final verification of condition unless otherwise agreed in writing. Repairs to be performed at Seller's expense may be performed by Seller or through others, provided that the work complies with applicable Law, Including govemmental permit, inspection and approval requirements. Repairs shall be performed in a good, skillful manner with materials of quality and appearance comparable to existing materials. It Is understood that exact restoration of appearance or cosmetic items following all Repairs may not be possible. Seller shall: (i) obtain invoices and paid receipts for Repairs performed by others; (ii) prepare a written statement indicating the Repairs performed by Seller and the date of such Repairs; and (iii) provide Copies of Invoices and paid receipts and statements to Buyer prior to final verification of condition. 17. PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed in writing, the folkmring items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Escrow: real property taxes and assessments, interest, rents, HOA regular, special, and emergency dues and assessments imposed prior to Close Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and payments on Mello -Roos and other Special Assessment District bonds and assesamerits that are now a Den. The following items shall be assumed by Buyer WITHOUT CREDIT toward the purchase price: prorated payments on Mello -Roos and other Special Assessment District bonds and assessments and HOA special assessments that are now a den but not yet due. Property will be reassessed upon change of ownership. Any supplemental tax bilis shall be paid as follows: (i) for periods after Close Of Escrow, by Buyer and (II) for periods prior to Close Of Escrow, by Seller (see CAR. Form SPT or SBSA for further information). TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. Prorations shall be made based on a 30 day month. 18. BROKERS: A. COMPENSATION: Seller or Buyer, or both, as applicable, agree to pay compensation to Broker as specified in a separate written agreement between Broker and that Seller or Buyer. Compensation is payable upon Close Of Escrow, or if escrow does not close, as otherwise specified In the agreement between Broker and that Seller or Buyer, B. SCOPE OF DUTY: Buyer and Seiler acknowledge and agree that Broker. (I) Does not deride what price Buyer should pay or Seller should accept (ii) Does not guarantee the condition of the Property; (III) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provided or made by Seller or others; (Iv) Does not have an obligation to conduct an inspection of common areas or areas off the site of the Property: (v) Shall not be responsible for identifying defects on the Property, in common areas, or offsite unless such defects are visualy observable by an inspection of reasonably accessible areas of the Property or are known to Broker, (vi) Shall not be responsible for inspecting public records or permits conceming the title or use of Property; (vii) Shall not be responsible for Identifying the location of boundary dines or other items affecting title; (vill) Shall not be responsible for verifying square footage, representations of others or information contained in Investigation reports, Multiple Listing Service, advertisements, flyers or other promotional material; (Ix) Shall not be responsible for determining the fair market value of the Property or any personal property included In the sale; (x) Shall not be responsible for providing legal or tax advice regarding any aspect of a transaction entered Into by Buyer or Seller, and (xi) Shall not be responsible for providing other advice or information that exceeds the knowledge, education and experience required to perform real estate licensed activity. Buyer and Serer agree to seek legal, tax, insurance, title and other desired assistance from appropriate professionals. 19. REPRESENTATIVE CAPACITY: If one or more Parties is signing this Agreement In a representative capacity end not for him/herself as an individual then that Party shall so Indicate in paragraph 31 or 32 and attach a Representative Capacity Signature Disdosure (CAR. Form RCSD). Wherever the signature or Initials of the representative identified in the RCSD appear on this Agreement or any related documents, it shall be deemed to be in a representative capacity for the entity described and not In an Individual capacity, unless otherwise indicated. The Party acting in a representative capacity (I) represents that the entity for which that party is acting already exists and (i) shall Deliver to the other Party and Escrow Holder, within 3 Days After Acceptance, evidence of authority to act in that capacity (such as but not limited to: applicable portion of the trust or Certification Of Trust (Probate Code §18100.5), letters testamentary, court order, power of ettomey, corporate resolution, or formation documents of the business entity). 20. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: A. The following paragraphs, or applicable portions thereof, of this Agreement constitute the joint escrow instructions of Buyer and Seller to Escrow Holder, which Escrow Holder Is to use along with any related counter offers and addenda, and any additional mutual instructions to close the escrow: paragraphs 1, 3, 4B, 5A, 8, 7, 10C, 13, 14G, 17, 18A, 19, 20, 26, 29, 30, 31, 32 and paragraph D of the section titled Real Estate Brokers on page 10. If a Copy of the separate compensation agreement(s) provided for in paragraph 18A, or paragraph D of the section titled Real Estate Brokers on page 10 Is deposited with Escrow Holder by Broker, Escrow Holder shall accept such agreements) and pay out from Buyer's or Seller's funds, or both, as applicable, the Broker's compensation provided for in such agreement(s). The terms and conditions of this Agreement not set forth in the specified paragraphs are additional matters for the information of Escrow Holder, but about which Escrow Holder need not be concerned. Buyer and Seller will receive Escrow Holder's general provisions, If any, directly from Escrow Holder and wit execute such provisions within the time specified in paragraph 7C(1)(c). To the extent the general provisions are inconsistent or conflict with this Agreement, the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Seller will execute additional instructions, documents and forms provided by Escrow Holder that are reasonably necessary to close the escrow and, as directed by Escrow Holder, within 3 (or ) Days, shall pay to Escrow Holder or HOA or HOA management company or others any fee required by paragraphs 7, 10 or elsewhere In this Agreement B. A Copy of this Agreement including any counter offers) and addenda shall be delivered to Escrow Holder within 3 Days After Acceptance (or ). Buyer and Seller authorize Escrow Holder to accept and rely on Copies and Signatures as defined in this Agreement as originals, to open escrow and for other purposes of escrow. The validity of this Agreement as between Buyer and Seller Is not affected by whether or when Escrow Holder Signs this Agreement. Escrow Holder shall provide Seller's Statement of Information to Title company when received from Sefer. If Seiler delivers an affidavit to Escrow Holder to satisfy Seller's FIRPTA obligation under paragraph 10C, Escrow Holder shall deliver to Buyer a Qualified Substitute statement that complies with federal Law. Buyer's Initials ( ) ( ) Seller's Initials ( ) RPA-CA REVISE 12115 (PAGE 7 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 7 OF 10) Produced with zlpForri® by zipLopix 18070 Fifteen M. Road, Fraser, Michigan 48026 www.zjcLpyix.com Tee City of Snn LULLPC m Attachment No 1 Property Address: 420 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 C. Brokers are a party to the escrow for the sole purpose of compensation pursuant to paragraph 18A and paragraph D of the section titled Real Estate Brokers on page 10. Buyer and Seller irrevocably assign to Brokers compensation specified in paragraph 18A, and irrevocably instruct Escrow Holder to disburse those funds to Brokers at Close Of Escrow or pursuant to any other mutually executed cancellation agreement. Compensation instructions can be amended or revoked only with the written consent of Brokers. Buyer and Setter shall release and hold harmless Escrow Holder from any liability resulting from Escrow Holder's payment to Broker(s) of compensation pursuant to this Agreement. D. Upon receipt, Escrow Holder shall provide Seller and Sellers Broker verification of Buyer's deposit of funds pursuant to paragraph 3A and 3B. Once Escrow Holder becomes aware of any of the following, Escrow Holder shall immediately notify all Brokers: (I) if Buyer's initial or any additional deposit or down payment is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder, or (II) If Buyer and Seller instruct Escrow Holder to cancel escrow. E. A Copy of any amendment that affects any paragraph of this Agreement for which Escrow Holder is responsible shall be delivered to Escrow Holder within 3 Days after mutual execution of the amendment. 21.REMEDIES FOR BUYER'S BREACH OF CONTRACT: A. Any clause added by the Parties specifying a remedy (such as release or forfeiture of deposit or making a deposit non-refundable) for failure of Buyer to complete the purchase in violation of this Agreement shal be deemed invalid unless the clause independently satisfies the statutory liquidated damages requirements set forth in the Civil Code. B. IJQUIDATED DAMAGES: If Buyer falls to complete this purchase because of Buyer's default, Seller shall retain, as liquidated damages, the deposit actually paid. If the Property is a dwelling with no more than four units, one of which Buyer intends to occupy, then the amount retained shall be no more than 3% of the purchase price. Any excess shall be returned to Buyer. Ercopt as provided in paragraph 14H, release of funds will require mutual, Signed release Instructions from both Buyer and Seller, judicial decision or arbitration award. AT THE TIME OF ANY INCREASED DEPOSIT BUYER AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION INCORPORATING THE INCREASED DEPOSIT AS UQUIDATED DAMAGES (CA.R. FORM RID). Buyer's Initials ! Seller's initials I 22. DISPUTE RESOLUTION: A. MEDIATION: The Parties agree to mediate any dispute or claim arising between them out of this Agreement, or any resulting transaction, before resorting to arbitration or court action through the CAR. Real Estate Mediation Center for Consumers (www.consurnermediation.org) or through any other mediation provider or service mutually agreed to by the Parties. The Parties also agree to mediate any disputes or claims with Broker(s), who, In writing, agree to such mediation prior to, or within a reasonable time after, the dispute or claim is presented to the Broker. Mediation fees, if any, shall be divided equally among the Parties involved. If, for any dispute or claim to which thls paragraph applies, any Party (i) commences an action without first attempting to resolve the matter through mediation, or (ID before commencement of an action, refuses to mediate after a request has been made, then that Party shall not be entitled to recover attorney fees, even if they would otherwise be avaiable to that Party in any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED. Excluslons from this mediation agreement are specified In paragraph 22C. B. ARBITRATION OF DISPUTES: The Parties agree that any dispute or claim in Law or equity arising between them out of this Agreement or any resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration. The Parties also agree to arbitrate any disputes or claims with Broker(s), who, in writing, agree to such arbitration prior to, or within a reasonable time after, the dispute or claim is presented to the Broker. The arbitrator shall be a retired Judge or justice, or an attomey with at (east 5 years of residential real estate Law experience, unless the parties mutually agree to a different arbitrator. The Parties shall have the right to discovery In accordance with Code of Civil Procedure §1283.05. In all other respects, the arbitration shall be conducted in accordance with Title 9 of Part 3 of the Code of Civil Procedure. Judgment upon the award of the arbitrators) may be entered into any court having jurisdiction. Enforcement of this agreement to arbitrate shall be governed by the Federal Arbitration Act Exclusions from this arbitration agreement are specified in paragraph 22C. "NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY." "WE HAVE READ APID UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION TO NEUTRAL ARBITRA11OS1t." Buyer's Initials :J / Sellers initials / C. ADDITIONAL MEDIATION AND A. ,All. r. . TION TERMS: (1) EXCLUSIONS: The following matters are excluded from mediation and arbitration: (I) a Juticlal or non -judicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage or Installment Land sale contract as defined In Civil Code §2985; (Ili an unlawful detainer action; and (iii) any matter that is within the jurisdiction of a probate, small claims or bankrvptc rL Buyer's Initials ( / ) ( ) Seder's ;nitiais ( ) ( RPA-CA REVISED 12115 (PAGE 8 OF 10) CAUFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 8 OF 10) 'r'br City •r Si Produced wNwwt h zipForme by *Lows 18070 Fifteen Nile Road, Fraser. Michigan 4B026 w.0Loaixson Attachment No. 1 Property Address: 420 W 21st Street San Diego, CA 91950 Date: July 5 2017 (2) PRESERVATION OF ACTIONS: The following shall not constitute a waiver nor violation of the mediation and arbitration provisions: (I) the filing of a court action to preserve a statute of limitations; (ii) the firing of a court action to enable the recording of a notice of pending action, for order of attachment, receivership, Injunction, or otter provisional remedies; or (iii) the filing of a mechanic's lien. (3) BROKERS: Brokers shall not be obligated nor compelled to mediate or arbitrate unless they agree to do so in writing. Any Broker(s) participating in mediation or arbitration shall not be deemed a party to this Agreement. 23. SELECTION OF SERVICE PROVIDERS: Brokers do not guarantee the performance of any vendors, service or product providers ('Providers'), whether referred by Broker or selected by Buyer, Seiler or other person. Buyer and Seller may select ANY Providers of their own choosing. 24. MULTIPLE LISTING SERVICE ("MLS"): Brokers are authorized to report to the MLS a pending sale and, upon Close Of Escrow, the sales price and other terms of this transaction shall be provided to the MLS to be published and disseminated to persons and entities authorized to use the information on terms approved by the MLS. 25. ATTORNEY FEES: In any action, proceeding, or arbitration between Buyer and Seller arising out of this Agreement, the prevailing Buyer or Seller shalt be entitled to reasonable attorney fees and costs from the non -prevailing Buyer or Seller, except as provided In paragraph 22A, 26. ASSIGNMENT: Buyer shall not assign all or any part of Buyer's interest in this Agreement without first having obtained the separate written consent of Seller to a specified assignee. Such consent shall not be unreasonably withheld. Any total or partial assignment shall not relieve Buyer of Buyer's obligations pursuant to this Agreement unless otherwise agreed in writing by Seller. (CAR Form AOAA). 27. EQUAL HOUSING OPPORTUNITY: The Property is sold in compliance with federal, state and local anti -discrimination Laws. 28. TERMS AND CONDITIONS OF OFFER: This is an offer to purchase the Property on the above terms and conditions. The liquidated damages paragraph or the arbitration of disputes paragraph is incorporated in this Agreement if initialed by all Parties or if incorporated by mutual agreement in a counter offer or addendum. If et least one but not all Parties initial, a counter offer is required until agreement Is reached. Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of Acceptance. The Parties have read and acknowledge receipt of a Copy of the offer and agree to the confirmation of agency relationships. If this offer is accepted and Buyer subsequently defaults, Buyer may be responsible for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, including any Copy, may be Signed in two or more counterparts, all of which shall constitute one and the same writing. 29. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time is of the essence. All understandings between the Parties are incorporated in this Agreement Its terms are intended by the Parties as a final, complete and exclusive expression of their Agreement with respect to its subject matter, and may not be contradicted by evidence of any prior agreement or contemporaneous oral agreement. If any provision of this Agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be given ful force and effect. Except as otherwise specified, this Agreement shall be interpreted and disputes shall be resolved in accordance wth the Laws of the State of California. Neither this Agreement nor any provision in It may be extended, amended, modified, altered or changed, except hi writing Signed by Buyer and Seller. 30. DEFINITIONS: As used in this Agreement A. "Acceptance" means the time the offer or final counter offer is accepted In writing by a Party and is delivered to and personaly received by the other Party or that Party's authorized agent in accordance with the terms of this offer or a final counter offer. B. "Agreement" means this document and any counter offers and any incorporated addenda, collectively forming the binding agreement between the Parties. Addenda are incorporated only when Signed by all Parties. C. "C.A.R. Form" means the most current version of the specific form referenced or another comparable form agreed to by the parties. D. "Close Of Escrow", including 'COE', means the date the grant deed, or other evidence of transfer of title, is recorded. E. "Copy" means copy by any means including photocopy, NCR, facsImie and electronic. F. "Days" means calendar days. However, after Acceptance, the last Day for performance of any act required by this Agreement (including Close Of Escrow) shall not include any Saturday, Sunday, or legal holiday and shall instead be the next Day. G. "Days After" means the specified number of calendar days after the occurrence of the event specified, not counting the calendar date on which the specified event occurs, and ending at 11:59 PM on the final day. H. "Days Prior" means the specified number of calendar days before the occurrence of the event specified, not counting the calendar date on which the specified event is scheduled to occur. I. "Deliver", "Delivered" or "Delivery", unless otherwise specified in writing, means and shall be effective upon: personal receipt by Buyer or Seller or the individual Real Estate Licensee for that principal as specified in the section titled Real Estate Brokers on page 10, regardless of the method used (i.e., messenger, mail, email, fax, other). J. "Electronic Copy" or "Electronic Signature" means, as applicable, an electronic copy or signature complying with Califomia Law. Buyer and Seller agree that electronic means will not be used by either Party to modify or alter the content or integrity of this Agreement without the knowledge and consent of the other Party. K. "Law" means any law, code, statute, ordinance, regulation, rule or order, which is adopted by a controlling city, county, state or federal legislative, Judicial or executive body or agency. L. "Repairs" means any repairs (including pest control), alterations, replacements, modifications or retrofitting of the Property provided for under this Agreement. M. "Signed" means either a handwrttten or electronic signature on an original document, Copy or any counterpart. 31. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit, If any, shall be returned to Buyer unless the offer is Signed by Seller and a Copy of the Signed offer is personally received by Buyer, or by who is authorized to receive it, by 5:00 PM on the third Day after this offer Is signed by Buyer (or by [] U AM/ [J PM, on (date)). E One or more Buyers is signing this Agreement in a representative capacity and not for him/herself as an individual. See attached Representative Capacity Signature D!= -. L (CAR. F e RCSD-B) for additional terms. Date BUYER (Print name) The City of National Date (Print name) BUYER Additional Signature Addendum attached (CAR. Form ASA). RPA-CA REVISED 12/15 (PAGE 9 OF 10) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 9 OF 10) Produced with zipFornst1 by zipLogix 18070 Fifteen SAW Rood, Fraser, Mlchigen 48026 yaw riot ngix'n Seller's Initials The Cl, of Si OFIVICRIKIT Attachment No. 1 Property Address: 420 W 21st Street, San Diego, CA 91950 Date: July 5, 2017 32. ACCEPTANCE OF OFFER: Seiler warrants that Seller is the owner of the Property, or has the authority to execute this Agreement. Seiler accepts the above offer, and agrees to sell the Property on the above terms and conditions, Seller has read and acknowledges receipt of a Copy of this Agreement, and authorizes Broker to Deliver a Signed Copy to Buyer. ❑ (If checked) SELLER'S ACCEPTANCE IS SUBJECT TO ATTACHED COUNTER OFFER (C.A.R. Form SCO or SMCO) DATED: ❑ One or more Sellers is signing this Agreement In a representative capacity and not for him/herself as an individual. See attached Representative Capacity Signature Disclosure (CAR. Form RCSD-S) for additional terms. Date SELLER (Print name) Isfahan Inc. Date SELLER (Print name) ❑Additional Signature Addendum attached (C.A.R. Form ASA), ( l ) (Do not Initial if making a counter offer.) CONFIRMATION OF ACCEPTANCE: A Copy of Signed Acceptance was (Initials) rsonalt received by Buyer or Buyer's authorized agent on (date) at LIAM/ [jPM. A binding Agreement is created when a Copy of Signed Acceptance is personally received by Buyer or Buyer's authorized agent whether or not confirmed In this document Completion of this confirmation is not legally required In order to create a binding Agreement; it is solely Intended to evidence the date that Confirmation of Acceptance has occurred. REAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B. Agency relationships are confirmed as stated in paragraph 2. C. 11 specified in paragraph 3A(2), Agent who submitted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Firm) and Cooperating Broker agrees to accept, out of Listing Broker's proceeds in escrow, the amount specified in the MLS, provided Cooperating Broker is a Participant of the MLS in which the Property is offered for sale or a reciprocal MLS. If Listing Broker and Cooperating Broker are not both Participants of the MLS, or a reciprocal MLS, in which the Property is offered for sale, then compensation must be specified in a separate wntten agreement (CAR. Form CBC). Deciaration of License and Tax (C.A.R. Form DLT) may be used to document that tax reporting will be required or that an exemption exists. Real Estate Broker (Selling Firm) Self represented CaBRE Lic. # By City of National City CalBRE Lic. # Date By CalBRE Lic. # Date Address City State Zip Telephone Fax E-mail Real Estate Broker (Listing Firm) Premier Realty CalBRE Lic. # 01425679 By Bob Nourani CaIBRE Lic. # 01350632 Date 07/05/2017 By CaIBRE Lic. # Date Address 4858 Mercury St City San Diego State CA Zip 92111 Telephone (858)490-0000 Fax (619)233-3333 E-mail GoodSanDlego() hoo.com ESCROW HOLDER ACKNOWLEDGMENT: Escrow Holder acknowledges receipt of a Copy of this Agreement, (if checked, ■ a deposit In the amount of $ ), counter offer numbers ❑ Seder's Statement of Information and , and agrees to act as Escrow Holder subject to paragraph 20 of this Agreement, any supplemental escrow instructions and the terms of Escrow Holder's general provisions. Escrow Holder is advlsed that the date of Confirmation of Acceptance of the Agreement as between Buyer and Seiler Is Escrow Holder Escrow # By Date Address Phone/Fax/E-mail Escrow Holder has the following license number# �] Department of Business Oversight, rf Department of insurance, I Bureau of Real Estate. PRESENTATION OF OFFER: ( ) Listing Broker presented this offer to Seiler on (date). Broker or Designee Initials REJECTION OF OFFER: ( ) ( ) No counter offer is being made. This offer was rejected by Seiler on (date). Seller's Initials 01991- 2015, California Association of REALTORS€, Inc. Untied States copyright law (The 17 U.S. Coda) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSe (CA.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION, A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by: Buyer Acknowledges that page 10 is part of this Agreemen ( lief ) +yT REAL ESTATE BUSINESS SERVICES, INC. er's Initials a subsidiary of the CALIFORNIA ASSOCIA71ON OF REALTORSE e525 South Virgil Avenue, Los Angeles, California 90020 RPA-CA REVISED 12/15 (PAGE 10 of 10) ) Reviewed by Broker or Designee CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 10 OF 10) Produced with zipForme by zipLogix 18070 Fifteen Mlle Road, Fraser, MlcNgan 48026 a nsmlioLoaix.Can Tim City .f Sao OPIMITIARY �.iye� Attachment No. 1 C A L I F O R N I A ASSOCIATION BUYER'S INSPECTION ADVISORY vik�►� OF RE A LT O RS a {C.A.R. Form BIA, Revised 11/14) Property Address. 420 W 21st Street, San Diego, CA 91950 ("Property"). 1. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchased is not guaranteed by either Seller or Brokers. You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the Investigation and verification of information and facts that you know or that are within your diligent attention and observation. A general physical inspection typically does not cover all aspects of the Property nor items affecting the Property that are not physically located on the Property. If the professionals recommend further investigations, including a recommendation by a pest control operator to inspect Inaccessible areas of the Property, you should contact qualified experts to conduct such additional investgatons. 2. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as those listed below. If Broker gives you referrals to professionals, Broker does not guarantee their performance. 3. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF AU. ASPECTS OF THE PROPERTY, INCLUDING BUT NOT UNITED TO THE FOLLOWING. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. A. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof (condition, age, leaks, useful life), plumbing, heating, air conditioning, electrical, mechanical, security, pool/spa (cracks, leaks, operation), other structural and nonstructural systems and components, fixtures, built-in appliances, any personal property included in the sale, and energy efficiency of the Property. B. SQUARE FOOTAGE, AGE, BOUNDARIES: Square footage, room airnensions, lot size, age of improvements and boundaries. Any numerical statements regarding these items are APPROXIMATIONS ONLY and have not been verified by Seller and cannot be verified by Brokers. Fences, hedges, walls, retaining wails and other barriers or markers do not necessarily identify true Property boundaries. C. WOOD DESTROYING PESTS: Presence of, or conditions likely to lead to the presence of wood destroying pests and organisms. D. SOIL STABILITY: Existence of fil or compacted soil, expansive or contracting soil, susoeptibillty to slippage, settling or movement, and the adequacy of drainage. E. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS;WASTE DISPOSAL: Water and utility availability, use restrictions and costs. Water quality, adequacy, condition, and performance of well systems and components. The type, size, adequacy, capacity and condition of sewer and septic systems and ce!nporrents, connection to sewer, end applicable fess. F. ENVIRONMENTAL HAZARDS: Potential environmental hazards, Including, but not limited to, asbestos, lead -based paint and other lead contamination, radon, methane, other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, materials, products, or conditions (including mold (airborne, toxic or otherwise), fungus or similar contaminants). G. EARTHQUAKES AND FLOODING: Susceptibility alit* Property to tic hazards and propensity of the Property to flood. H. FIRE, HAZARD AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary_ The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property and Buyer, may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this Information may affect other decisions, including the removal of loan end inspection contingencies. I. BUILDING PERMITS, ZONING AND GOVERNMENTAL REQUIREMENTS: Permits, inspections, certificates, zoning, other governmental 5mitations, restrictions, and requirements affecting the current or future use of the Property, Its development or size. J. RENTAL PROPERTY RESTRICTIONS: Some cities and counties Impose restrictions that fmit the amount of rent that can be charged, the maximum number of occupants, and the right of a landlord to terminate a tenancy. Deadmott or other locks and security systems for doors and windows, induding window bars, should be examined to determine whether they satisfy legal requirements. K. SECURITY AND SAFETY: State end local Law may require the installation of barriers, access alarms, self -latching mechanisms and/or other measures to decrease the risk to children and other persons of existing swimming pools and hot tubs, as well as various fire safety and other measures concerning other features of the Property. L NEIGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including schools, law enforcement, time statistics, registered felons or offenders, fire protection, other government services, availability, adequacy and cost of internet connections or other technology services and installations, commerdal, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, hazards, or circumstances protected species, wetland properties, botanical diseases, historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any goveming documents or Homeowners' Association requirements, conditions and influences of significance to certain cuttures and/or religions, and personal needs, requirements and preferences of Buyer. By signing below, Buyers acknowledge that they have read, understand, accept and have received a Copy of this Advisory. Buyers are a • , • , el carefully. The • y C 1991-2004, r <rt::tltU-• of REALTORSe, Inc. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS") (CAR.). NO REPRESENTATION IS MA. 1. TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. PubSaned and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. e subsiciary of the CalMomfa Asaodation d REALTORSE 626 South Vrgil Avenue, Los Angeles, California e0020 BIA REVISED 11114 (PAGE 1 OF 1) BUYER'S INSPECTION ADVISORY (BIA PAGE 1 OF 1) Reviewed by Date D7,Y1L MOMart oRarrum. Premier Realty, 1135 Gantt Ave. /15 San Dime, CA 92189 Pone: 158-490 0000 Fafc 4U-233-3333 Robert Nouns' Produced w$ h zlpForme by zipLogix 18770 Fifteen MIN Road, Fraser, Mkhipn 4802E byDy ypJ„ yym0 Tee City Oka Attachment No. 2 a Alit'?"1-j. - •"" •••••°*- - 4 r Paradise Creek Development Site Order Form Attachment No. 3 Genera I File No.: 17-216 Loan Type: Status: Dates Ordered: Due: Assigned. Inspected: Reviewed: Signed: Fax/EDI: Delivered: Invoiced: User Defined: Cancelled: Paid: Case No: Job Type: Client File No.: Property Type: z 0 Tracking No.: Form Type: gFilename: C:\Program FilestACI32\REPORTS\17-216.aci 07/04/2017 O Property Information Address: 420 W 21 st St 07/04/2017 8 City: National City County: San Diego St: CA Zip: 91950-6513 O Location: Map No:1309 H3 Census: 0219.00 Legal: Lot 21 & 22 Blk 150 Tr 348 Sale Price: ❑ Refinance Loan Amt.: Date of Sale: Rooms: 4 Bedrooms: 2 Baths: 1.00 Appraised Value: $355,000 Borrower First Isfahan Last: Inc Owner: Sdc LLC Client Information U Ordered By Client: N/A U Bill To L Send To Billing Information Invoice No.: Fee: Branch: Address: N/A City: N/A State: CA Zip: 91910 Phone: Fax: Contact: N/A Misc: Client Information Client: ❑ Bill To ❑ Send To Tax: Branch: Total Amount: Address: Payment 1: Check #: City: State: Zip: Date: Phone: Fax: Payment 2: Check #: Contact: Date: Misc: Due: Appraiser/Broker Information Name: Stephen W. Hancock Supervisor: Cert #: AR026240 State: Cert #: State: State: License #: _ State: License #: Exp. Date: 10/13/2018 _ Exp. Date: Primary Contact Information Primary Contact: Home Phone: Best time to call: Work Phone: Secondary Contact Information Secondary Contact: Home Phone: Best time to call: Work Phone: Special Instructions 1- U ZN Q O 12 z 2 O U R Comments N 4- Z m m 0 o V Produced Laing eCI software, 800.234.8727 www.aciwcb.com order 11272013 Attachment No. 3 Hancock Appraisal Company 619-886-8995 I ile No 17-216 APPRAISAL OF LOCATED AT: 420 W 21 st St National City, CA 91950-6513 FOR. N/A N/A N/A BORROWER Isfahan Inc AS OF: July 4, 2017 BY: Stephen W. Hancock Attachment No. 3 File No. 17-216 N/A N/A N/A N/A File Number: 17-216 In accordance with your request, I have appraised the real property at: 420 W 21 st St National City, CA 91950-6513 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the market value of the property as of July 4, 2017 is: $355,000 Three Hundred Fifty -Five Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. Stephen W. Hancock Hancock Appraisal Company Attachment No. 3 Uniform Residential Appraisal Report File No 17-216 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property. Property Address 420 W 21 st St City National City State CA Zip Code 91950-6513 Borrower Isfahan Inc Owner of Public Record Sdc LLC County San Diego Legal Description Lot 21 & 22 Blk 150 Tr 348 Assessor's Parcel 1559-125-16-00 Tax Year 2016 R.E. Taxes $ 2,229 H Neighborhood Name National Ci Map Reference 1309 H3 Census Tract 0219.00 U Occupant ❑ Owner Tenant X Vacant Sr -cial Assessments $ 0 U PUD HOA $ 0 El year ❑ per month Property Rights Appraised Fee Simple ❑ Leasehold Other (describe) Assignment Type ❑ Purchase Transaction (j Refinance Transaction �X Other (describe) Ascertain Market Value Lender/Client N/A Address N/A Is the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? ®Yes ❑ No Report data source(s) used, offering price(s), and date(s). DOM 55;Sandicor#170011717. listed on 03/09/2017 for $362,000. I U did U did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not performed. Contract Price $ Date of Contract Is the property seller the owner of public record? ❑ Yes ❑ No Data Source(s) Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? U Yes ❑ No If Yes. report the total dollar amount and describe the items to be paid. Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood Characteristics One -Unit Housing Trends One -Unit Housing Present Land Use % Location Urban XN Suburban Rural Property Values Xr Increasing Ry..( Stable Declining PRICE AGE One -Unit 70% % Built -Up wr Xr Over 75% 25-75% Under 25% Demand/Supply Shortage Balance r Over Supply $(000) (yrs) 2-4 Unit 10% % 0 Growth I� Stable j_Slow Marketinq Time r X Under 3mths I1In D3-6onhs Over 6 mths 180 Low 5 Multi -Family 10% % ,_,Rapid - § Neighborhood Boundaries Neighborhood bounds North on E 8th St, South on Fwy 54, West on 550 High 110 Commercial 10% % °m Interstate 5 , East on Highland Ave 370 Pred. 55 Other % L Neighborhood Descr ption The subject property is located in the National City area in San Diego county. This area is predominantly comprised of small to mid size houses of average to good quality . This area enjoys good access to all facilities and market appeal is good. Market Conditions (including support for the above conclusions) Market conditions for Single Family Housing and Condominiums in this area are good. Demand and supply are in balance. Typical financing for the area is market rate with buyers generally paying most of the closing cost. Adequate mortgage money is available with lower interest rates fluctuating to stimulate the economy. Marketing time is 3 months . Dimensions 48x 123x 46 x123 Area 5835 sf Shape Rectangular View N;Res; Specific Zoning Classification MCR-2 Zoning Description Mix use Zoning Compliance ED Legal U Legal Nonconforming (Grandfathered Use) 1--1 No Zoning ❑ Illegal (describe) Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? © Yes ❑ No If No, describe. Utilities Public Other(describe) Public Other(describe) Off -site Improvements —Type Public Private Electricity Xy ❑ Water j I ❑ Street Asphalt N ❑ r Gas D Sanitary Sewer Kin Alley No n ,Z( FEMA Special Flood Hazard Area ❑Yes ®No FEMA Flood Zone X FEMA Map I 06073C1911G FEMA Map Date 05/16/2012 Are the utilhies and off -site improvements typical for the market area? X❑Yes I] No If No, describe. Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? ❑ Yes ® No If Yes. describe. The subject is located in a MIX use zoning. The subject property does conform to the zoning and is currently located around industrial buildings. This is felt not to be adverse and will not have a negative impact on marketability. Similar comparables with the a similar location could not be found in the last 12 months. GENERAL DESCRIPTION FOUNDATION EXTERIOR DESCRIPTION materials/condition INTERIOR materials/condition Units One [1 One wrh Accessory Unft Concrete Slab Crawl Space Foundation Walls ConcreteBlk/Gd Floors LMWd/Tile/Good I of Stories 1 Full Basement Partial Basement Exterior Walls Hardi Plank/qood Walls Drywall/Good Type © Det. 11 Att. ❑ S-DetiEnd Una Basement Area 0 sq. ft. Roof Surface Composition/Good Trim/Finish Wood/Good Existing Proposed U Under Const. Basement Finish 0 % Gutters & Downspouts None Bath Floor Tile/Good Design (Style) Ranch 1--1 Outside Er+v�IExh ❑ Sump Pump Window Type VinylSingHnq/qd Bath Wainscot Tile/good Year Built 1920 of 1 J Infestation Storm Sash/Insulated No Car Storage 1 1 None Effective Age (Yrs)10 'fEEvviiudence TJ Damness� 1 Settlement Screens yes/• ood a) Driveway 4 of Cars 2 Attic None Heating LXJ FWA j1y'j HWBB 1 U Radiant Amenities WoodStove(s) N0 Driveway Surface Dirt Drop Stair Stairs Mother I Fuel Gas Fireplace s I 0 X Fence Wood Garage I of Cars 0 Floor r Scuttle Cooling [ 1 Cenral Air Conditioning Z( Patio/Deck open © Porch COV Carport I of Cars 0 Finished Heated rrI4n0thernone Pool none Other None Aa. fDet. IlBuilt-in N Appliances IX)Refrigerata IX)Range/Oven 4lndividual X Dishwasher LX)Disposal 1X1Microwave I Washer/Dryer Other (describe) 5 Finished area above grade contains: 4 Rooms 2 Bedrooms 1.0 Bath(s) 825 Square Feet of Gross Living Area Above Grade > Additional features (special energy efficient items, etc.). The subject dwelling benefits from covered porch, deck, granite counter tops, and ceiling fans. 0 2 Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). C2;Kitchen-updated-less than one year ago; Bathrooms - updated -less than one year ago;No functional or economical obsolescence was noted. Subject was totally renovated in the last 12 months (total cost of renovations was $79,000 and the overall condition is good. The heated living area reflects actual measurements of the main dwelling. Subject has a CO alarm, smoke alarm and a tankless water heater. Pictures in report reflect occupancy, however, the subject dwelling is now vacant 07/04/2017 and entry was not granted. Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? ❑ Yes ® No If Yes, describe. Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? ® Yes ❑ No If No, describe. ACI soawae. 800184.8127 rem/ btom anew Mae Form Freddie Mac Form 70 Match 2005 uao version 972011 Rocked Page 1 or 6 1004 05UAD12182015 Hancock Appraisal Company Attachment No. 3 Uniform Residential Appraisal Report File No. 17-216 There are 11 comparable properties currently offered for sale in the subject neighborhood rang nq in price from S 299,000 to $ 435,000 There are 35 comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ 202,000 to $ 410,000 FEATURE i SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3 420 W 21 st St Address National City, CA 91950-6513 1838 Wilson Ave National City, CA 91950 1726 Harding Ave National City, CA 91950 516 E 24th St National City, CA 91950 ProximitytoSubject 0.17 miles NW 0.23 miles NW 0.64 miles NE Sale Price S $ 341,000 $ 310 000 $ 360,000 Sale Rice/Gross Liv. Area S 0.00 sq. h, $ 498.54 sq. h. S 442.86 sq. f. $ 400.00 sq. ft. DataSource(s) Sandicor#170010796;DOM 30 Sandicor#160058098;DOM 49 Sandicor#160029209;DOM 27 Verification Source(s) Doc#185406/ Public Records Doc #85810/Public Records Doc #391202/Public Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION (is Adjustment DESCRIPTION .h)$Adjust ment DESCRIPTION (.)$Adjustment Sale or Financing Concessions ArmLth VA;0 ArmLth FHA;2000 ArmLth SHRDEQ;0 Date of Sale/Time s04/17;c04/17 s02/17;c12/16 s08/16;c06/16 Location N;Res; N;Res; N;Res; N;Res; Leasehold/FeeSimple Fee Simple Fee Simple Fee Simple Fee Simple Site 5835 sf 2915 sf +10,000 2741 sf +10,000 6328 sf 0 View N;Res; N;Res; N;Res; N;Res; Design (Style) DT1;Ranch DT1;Ranch DT1;Ranch DTI;Ranch Quality of Construction Q3 Q3 Q3 Q3 Actual Age 97 70 0 104 0 69 0 Condition C2 C2 C3 +25,000 C2 Above Grade Room Count Gross LMngArea 50 Total Berms Baths Total Bdrms Baths Total Bdroo. Baths Taal Bdrms. Baths 4 2 1.0 4 2 1.0 4 2 1.0 4 2 1.0 825 sq. ft. 684 sq ft 7,100 700 sq. ft. 6,300 900 sq. ft. -3,800 Basement & Finished Rooms Below Grade Osf Osf Osf Osf Functional Utility Average Average Average Average Heating/Cooling FWA none FWA none FWA none FWA none cft Energy Efficient Items Ins Windows Ins Windows Ins Windows Ins Windows e_ a Garage/Carport 2dw 2dw 2dw 2dw z Porch/Patio/Deck Stoop/Patio Stoop/Patio Stoop/Patio Stoop/Patio o th Fireplace 0 F/P 0 F/P 0 F/P 0 F/P a Fence/S.k S s Fence Fence Fence Fence Pool/Guest House None None None None ci Net Adjustment (Total) 1X)+ O. $ 17,100 -+ ❑- $ 41,300 U+ X❑- $ 3.800 w Adjusted Sale Price ai oiComparables Net Adj. 5.0% % Gross Adj. 5.0% % $ 358,100 Net Adj. 13.3°/8G Gross Adj. 13.3°/Pk $ 351,300 Net Adj. -1.1 %% GrossAdj.1.1%% S 356200 I U did ❑ did not research the sale or transfer history of the subject property and comparable sales. If not, explain My research X❑ did ❑ did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal. Data source($ PUbIiC Records My research [J did ❑ did not reveal any pdor sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale. Data source(s) Public Records Report the results of the research and analysis of the prior sale or transfer history of the subject property and compa able sales (report additional prior sales on page 3). ITEM SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO.3 Date of Prior Sale/Transfer 02/29/2016 08/26/2016 01/27/2016 Price of Prior Sale/Transfer 182000 207500 270000 Data Source(s) County Records County Records County Records County Records Effective Date of Data Source(s) 07/04/2017 07/04/2017 07/04/2017 07/04/2017 Analysis of prior sale or transfer history or the subject property and comparable sales Subject also transferred on 11/20/2015 for $160,500.No other sales history was found on the subject property in the last 36 months.Since the last date of sale the subject property has been totally renovated $79,000 in updates. Summary of sales Comparison Approach. All but one comparables used in this report are very similar in condition and considered to be the best closed sales available..The comparables used are similar in room count, quality, condition, and overall appeal. Consideration given to all three comparables in making my opinion of value.. All adjustments were necessary to reflect market trends and not adverse.All adjustments were based on paired sales analysis.Adjustments for lot size was necessary to reflect market trends. Indicated Value by Sales Comparison Approach S 355,000 Indicated Value by: Sales Comparison Approach $ 355,000 Cost Approach (if developed) $ 346,900 Income Approach (if developed) $ 0 The Sales Comparison Approach is regarded as the most accurate means of estimating Market Value of Residential Real Estate. The z Cost A..roach lends .00d su•.ort to the Final Value Conclusion. The Income A.. oach was not used for this re.ort. 0 a This appraisal is made ©"as is," ❑ subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, z ❑ subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or ❑ subject to the following required 0 inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair: No repairs are required o w CC Based on a complete visual Inspection of the Interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting conditions. and appraiser's certification. my (our) opinion of the market value, as defined, of the real property that is the subject of this report is $ 355,000 as of 07/04/2017 , which is the date of inspection and the effective date of this appraisal. Freddie Mac Form 70 March 2005 BAD version 912011 Produced using ACI software, 900234.a721 wxa,arineb.com Page 20f 6 Hancock Appraisal Company Fannie Mae Form 1004 March 200 100/ 058A0121B2015 Hancock Appraisal Company Attachment No. 3 Uniform Residential Appraisal Report File No. 17-216 Search criteria for this report included houses located in the 91950 zip code that have 2 bedrooms with 1+ baths 0 z z w 5 0 0 U J a z O r 8 COST APPROACH TO VALUE (not required by Fannie Mae) Provide adequate information for the lender/client to replicate the below cost figures and calculations. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) Land extraction o ESTIMATED ❑ REPRODUCTION OR ❑X REPLACEMENT COST NEW OPINION OF SITE VALUE _ $ 235,000 RSource of cost data Marshall & Swift Dwelling 825 Sq. Ft. @ $ 135.00 = $ 111,375 Quality rating from cost service Good Effective date of cost data 2017 Sq. Ft. @ $ .. = $ 0 i a Comments on Cost Approach (gross living area calculations, depreciation, etc.) Porch/patio 7,500 N Marshall and Swift ( Cost Estimates) . It is Typical for land Garage/Carpon 0 Sq. Ft. @ E 25.00 - $ 0 o value to exceed the normal 30 % to overall value mandated by Total Estimate of Cost -New = $ 118,875 guidelines. Less 70 Physical Functional External Depreciation $16,982 = $( 16,982) Depreciated Cost of Improvements = $ 101,893 As -is" Value of Site Improvements = $ 10,000 Estimated Remaining Economic Life (HUD and VA only) 60 Years INDICATED VALUE BY COST APPROACH = $ 346,900 INCOME APPROACH TO VALUE (not required by Fannie Mae) w 2 Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income Ap roach z Summary of Income Approach (including support for market rent and GRM) PROJECT INFORMATION FOR PUDs (if applicable) Is the developer/builder in control of the HomeownersAssociation (HOA)? ❑ Yes ❑ No Unit type(s) ❑ Detached ❑ Attached Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. Legal name of project z Total number of phases Total number of units Total number of units sold 0 i= Total number of units rented Total number of units for sale Data source(s) 5 Was the project created by the conversion of an existing buildings into a PUD? ❑ Yes ❑ No If Yes, date of conversion. 0 Does the project contain any multi -dwelling units? ❑ Yes Li No Data sources) z Are the units, common elements, and recreation facilities complete? ❑ Yes UNo If No, describe the status of completion. 0 0 a Are the common elements leased to or by the Homeowners' Association? ❑ Yes ❑ No If Yes, describe the rental terms and options. Describe common elements and recreational facilities. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Produced using ACI sdevae. 800234 a727 Page 3 of auxeb.mm annie brae ram tuw Mar 1004_05UA012182015 Attachment No. 3 Hancock Appraisal Company Uniform Residential Appraisal Report File No. 17-216 This report form is designed to report an appraisal of a one -unit property or a one -unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions' granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 UAD Version 9/2011 Produced using AO sdlWse, 8OO.234.B727 vmwadveb.wm Page 4046 Fannie Mae Form 1004 March 2005 1004 OSUAD12182015 Attachment No. 3 Hancock Appraisal Company Uniform Residential Appraisal Report File No. 17-216 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the markets reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). Fred& Mac Fon 70 March 2005 UAD Version 9/2011 Produced using ACI Whore. 97027/.8727 ram adxeb.mm Page 5 or 6 Fannie Mae Form 1004 March 2005 1004 05U81212182015 Attachment No. 3 Hancock Appraisal Company Uniform Residential Appraisal Report File No. 17-216 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub -contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature �L �� iiKccs�1S Signature Name Stephen Vi . Hancock � Name Company Name Hancock Appraisal Company Company Address 2358 University Avenue San Diego, CA 92104 Telephone Number 619-886-8995 Email Address HancockS1974©gmail.com Date of Signature and Report 07/04/2017 Effective Date of Appraisal 07/04/2017 State Certification # AR026240 or State License # or Other (describe) State CA State # Expiration Date of Certification or License 10/13/2018 ADDRESS OF PROPERTY APPRAISED 420 W 21 st St National City, CA 91950-6513 APPRAISED VALUE OF SUBJECT PROPERTY $ 355,000 LENDER/CLIENT Name N/A Company Name N/A Company Address N/A N/A Email Address Company Name Company Address Telephone Number Email Address Date of Signature State Certification # or State License # State Expiration Date of Certification or License SUBJECT PROPERTY ❑ Did not inspect subject property ❑ Did inspect exterior of subject property from street Date of Inspection ❑ Did inspect interior and exterior of subject property Date of Inspection COMPARABLE SALES ❑ Did not inspect exterior of comparable sales from street ❑ Did inspect exterior of comparable sales from street Date of Inspection Freddie Mac Form 70 March 2005 UAD Verson 9/2011 Pnod044d using ACI sdlware. 800.234.8127 w,ee auweb cam Page 6 or Hancock Appraisal Company Fannie Mac Form 7004 March 2005 1004. 05UAD 12182015 Hancock Appraisal Company Attachment No. 3 Uniform Residential Appraisal Report File No. 17-216 FEATURE i SUBJECT COMPARABLE SALE NO.4 COMPARABLE SALE NO.5 COMPARABLE SALE NO. 6 420 W 21 st St Address National Cit", CA 91950-6513 2034E Ave National City, CA 91950 425E 16th St National City, CA 91950 Prooim6ytoSubject 0.57 miles NE 0.65 miles NE Sale Price S S 360,000 $ 395000 S Sale Price/Gross LW. Area $ 0.00 sq. ft. S 514.29 sq. ft. S 523.87 sq. tt. $ 0.00 sq. h. DataSource(s) Sandicor#170020789;DOM 7 Sandicor#170018895;DOM89 Verification Source(s) Doc #244341/Public Records Public Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .1-)$Adjusnnent DESCRIPTION Os Adjustment DESCRIPTION -)$Adjustmcnt Sale or Financing Concessions ArmLth Conv;0 Listing ;0 Date of Sale/Time s05/17;c05/17 c05/17 Location N;Res; N;Res; N;Res; Leasehold/Fee Simple Fee Simple Fee Simple Fee Simple Site 5835 sf 5240 sf 0 3791 sf 0 View N;Res; N;Res; N;Res; Design (Style) DTI;Ranch DT1;Ranch DT1;Ranch Qual6yofConstruction Q3 Q3 Q3 Actual Age 97 77 0 67 0 Condition C2 C2 C2 Above Grade Room Count Gross LMrlq Area 50 Total Bdmis Baths Total Bdtms Baths Taal Bdms. Bads Total Bdrms Baths 4 2 1.0 4 2 1.0 4 2 1.0 825 sq. ft. 700 sq. ft. 6, 300 754 sq. ft 3,600 sq b. Basement & Finished Rooms Below Grade Osf 0sf 0sf Functional Utility Average Average Average Heating/Cooling FWA none FWA none FWA none Energy Efficient Items Ins Windows Ins Windows Ins Windows Garage/Carpon 2dw 1gd2dw -5,000 1ga2dw -5,000 Porch/Patio/Deck Stoop/Patio Stoop/Patio Stoop/Patio Fireplace 0 F/P 0 F/P 0 F/P Fence/Spk Sys Fence Fence Fence Pool/Guest House None None None 6- Net Adjustment (Total) X❑+ ID - $ 1,300 U+ ©- $ 1,400 ❑+ ❑- a 0 Adjusted Sale Price c- ofComparables Net Adj. 0.4% % GrossAdj.3.1%% S 361,300 Net Adj. -0.4%% Gross At;.2.2%% S 393,600 Net Adj. % Gross Adj. % S a ITEM SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. 5 COMPARABLE SALE NO 6 0 Date of Prior Sale/Transfer 02/29/2016 07/05/2016 v) CT Price of Prior SalefTransfer 182000 185000 a Data Source(s) County Records County Records County Records o Effective Date of Data Source(s) 07/04/2017 07/04/2017 07/04/2017 Summary of Sales Comparison App oach Comparable 5 is a current listing in the subject's neighborhood . w J a In Produced using ACI sdtxare. 800.23/.8122 yrs. acmeb.mm Ftedda Mac Form 70 March 2005 UAD Vetslon 912011 1004_05UAD 12182015 Hancock Appraisal Company Uniform Appraisal Dataset Definitions Attachment No. 3 File No. 17-216 Condition Ratings and Definitions C 1 The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are new and the dwelling features no physical depreciation.' 'Note: Newly constructed improvements that feature recycled materials and/or components can be considered new dwellings provided that the dwelling is placed on a 100% new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufactured into like -new condition. Recently constructed improvements that have not been previously occupied are not considered new if they have any significant physical depreciation (i.e., newly constructed dwellings that have been vacant for an extended period of time without adequate maintenance or upkeep). C2 The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building components are new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replaced with components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated and are similar in condition to new construction. 'Note: The improvements represent a relatively new property that is well maintained with no deferred maintenance and little or no physical depreciation, or an older property that has been recently completely renovated. C3 The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been well maintained. 'Note: The improvement is in its first -cycle of replacing short-lived building components (appliances, floor coverings, HVAC, etc.) and is being well maintained. Its estimated effective age is less than its actual age. It also may reflect a property in which the majority of short-lived building components have been replaced but not to the level of a complete renovation. C4 The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate. 'Note: The estimated effective age may be close to or equal to its actual age. It reflects a property in which some of the short-lived building components have been replaced, and some short-lived building components are at or near the end of their physical life expectancy; however, they still function adequately. Most minor repairs have been addressed on an ongoing basis resulting in an adequately maintained property. C5 The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs, rehabilitation, or updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remains useable and functional as a residence. 'Note: Some significant repairs are needed to the improvements due to the lack of adequate maintenance. It reflects a property in which many of its short-lived building components are at the end of or have exceeded their physical life expectancy but remain functional. C6 The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety, soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including many or most major components. 'Note: Substantial repairs are needed to the improvements due to the lack of adequate maintenance or property damage. It reflects a property with conditions severe enough to affect the safety, soundness, or structural integrity of the improvements. Quality Ratings and Definitions Q1 Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Such residences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanship and exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high -quality exterior refinements and ornamentation, and exceptionally high -quality interior refinements. The workmanship, materials, and finishes throughout the dwelling are of exceptionally high quality. Q2 Dwellings with this quality rating are often custom designed for construction on an individual property owner's site. However, dwellings in this quality grade are also found in high -quality tract developments featuring residences constructed from individual plans or from highly modified or upgraded plans. The design features detailed, high -quality exterior ornamentation, high -quality interior refinements, and detail. The workmanship, materials, and finishes throughout the dwelling are generally of high or very high quality. Q3 Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above -standard residential tract developments or on an individual property owner's site. The design includes significant exterior ornamentation and interiors that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been upgraded from 'stock' standards. Q4 Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plans are utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship, finish, and equipment are of stock or builder grade and may feature some upgrades. Q5 Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a plain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation and limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materials with limited refinements and upgrades. Q6 Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings are often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built or expanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanical systems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non -conforming additions to the original structure. Definitions of Not Updated, Updated, and Remodeled Not Updated Little or no updating or modernization. This description includes, but is not limited to, new homes. Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no major components have been replaced or updated. Those over fifteen years of age are also considered not updated if the appliances, fixtures, and finishes are predominantly dated. An area that is 'Not Updated' may still be well maintained and fully functional, and this rating does not necessarily imply deferred maintenance or physical /functional deterioration. Updated The area of the home has been modified to meet current market expectations. These modifications are limited in terms of both scope and cost. An updated area of the home should have an improved look and feel, or functional utility. Changes that constitute updates include refurbishment andlor replacing components to meet existing market expectations. Updates do not include significant alterations to the existing structure. Remodeled Significant finish andlor structural changes have been made that increase utility and appeal through complete replacement and/ or expansion. A remodeled area reflects fundamental changes that include multiple alterations. These alterations may include some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation of plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, andlor the addition of square footage). This would include a complete gutting and rebuild. Explanation of Bathroom Count The number of full and half baths is reported by separating the two values by a period. The lull bath is represented to the left of the period. The half bath count is represented to the right of the period. Three-quarter baths are to be counted as a full bath in all cases. Quarter baths (baths that feature only toilet) are not to be included in the bathroom count. UAD Verson 92011 Produced using ACI software, 807234,872r vmwae ebmm Unxam Appraisal Dataset Definitions 1004_05UAD12182015 Hancock Appraisal Company Uniform Appraisal Dataset Definitions Attachment No. 3 Hp No 17-216 Abbreviations Used in Data Standardization Text Abbrev. ac AdjPrk AdjPwr A Arml.th AT ba br B BsyRd cp Cash CtySky CtyStr Comm Cony cv CrtOrd DOM DT dw Estate FHA ga gbi gd GR GlfCse Glfvw HR Ind Full Name Acres Adjacent to Park Adjacent to Power Lines Adverse Arms Length Sale Attached Structure Bathroom(s) Bedroom Beneficial Busy Road Carport Cash City View Skyline View City Street View Commercial Influence Contracted Date Conventional Covered Court Ordered Sale Days On Market Detached Structure Driveway Estate Sale Expiration Date Federal Housing Authority Garage Garage - Attached Garage - Buik-in Garage - Detached Garden Structure Golf Course Golf Course View High Rise Structure Industrial Appropriate Fields Area, Site Location Location Location & View Sale or Financing Concessions Design(Style) Basement & Finished Rooms Below Grade Basement & Finished Rooms Below Grade Location & View Location GaragelCarpon Sale or Financing Concessions View View Location Date of Sale/Time Sale or Financing Concessions Garage/Carport Sale or Financing Concessions Data Sources Design(Style) Garage/Carport Sale or Financing Concessions Date of Sale/Time Sale or Financing Concessions Garage/Carport Garage/Carport Garage/Carport Garage/Carport Design(Style) Location View Design(Style) Location & View Abbrev. in Lndfl LtdSght Listing MR Mtn N NonArm op 0 Prk Pstrl PwrLn PubTrn rt Relo REO Res RT RH SD Short sf sqm Unk VA wo wu WtrFr Wtr w Woods Full Name Interior Only Stairs Landfill Limited Sight Listing Mid -Rise Structure Mountain View Neutral Non -Arms Length Sale Open Other Other Park View Pastoral View Power Lines Public Transportation Recreational (Rec) Room Relocation Sale REO Sale Residential Row or Townhouse Rural Housing - USDA Semi-detached Structure Settlement Date Short Sale Square Feet Square Meters Unknown Veterans Administration Walk Out Basement Walk Up Basement Water Frontage Water View Withdrawn Date Woods View Appropriate Fields Basement & Finished Rooms Below Grade Location View Sale or Financing Concessions Design(Style) View Location & View Sale or Financing Concessions Garage/Carport Basement & Finished Rooms Below Grade Design(Style) View View View Location Basement & Finished Rooms Below Grade Sale or Financing Concessions Sale or Financing Concessions Location & View Design(Style) Sale or Financing Concessions Design(Style) Date of Sale/Time Sale or Financing Concessions Area, Site, Basement Area, Site, Basement Date of Sale/Time Sale or Financing Concessions Basement & Finished Rooms Below Grade Basement & Finished Rooms Below Grade Location View Date of Sale/Time View Other Appraiser -Defined Abbreviations Al)hrov. full NOIlle Appropriate Fields Abbrev. Full Name Appropriate Fields UAD Version 9/2011 Paired isi oACl ppralsc. Datas .872) W. novedmm Uniform Appraisal Datasct Definitions Attachment No. 3 Market Conditions Addendum to the Appraisal Report File No. 17-216 The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subject neighborhood. This is a required addendum for all appraisal reports with an effective date on or after April 1, 2009. Property Address 420 W 21 st St City National City State CA Zip Code 91950-6513 Borrower Isfahan Inc Instructions: The appraiser must use the information required on this form as the basis for his/her conclusions, and must provide support for those conclusions, regarding housing trends and overall market conditions as reported in the Neighborhood section of the appraisal repon form. The appraiser must fill in all the information to the extent 6 is available and reliable and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable, the appraiser must provide an explanation. It is recognized that not all data sources will be able to provide data for the shaded areas below; if it is available, however, the appraiser must include the data in the analysis. If data sources provide the required information as an average instead of the median, the appraiser should report the available figure and identify it as an average. Sales and listings must be properties that compete with the subject property, determined by applying the criteria that would be used by a prospective buyer of the subject property. The appraiser must explain any anomalies in the data, such as seasonal markets, new construction, foreclosures, etc. Inventory Analysis Prior 7-12 Months Prior 4-6 Months Current - 3 Months Overall Trend Total of Comparable Sales (Settled) 15 9 5 Increasing Stable X Declining Absorption Rate (Total Sales/Months) 2.50 3.00 1.67 Increasing Stable X Declining Totals of Comparable Active Listings 9 , Declining X Stable 1 Increasing Months of Housing Supply (Total Listings/Ab.Rate) 5.39 Declining X Stable Increasing Median Sale & List Price, DOM, Sale/List % Prior 7-12 Months Prior 4-6 Months Current - 3 Months Overall Trend Median Comparable Sale Price 326,000 350,000 341,000 X Increasing Stable Declining Median Comparable Sales Days on Market 13 8 14 Declining 4.r X Stable Increasing Median Comparable List Price 341 000 Increasing X Stable Declining 0 Median Comparable Listings Days on Market 13 ..I Declining X Stable Increasing z Median Sale Price as%ofList Price 102.00% 102.00% 100.00% I.� Increasing XI Stable Declining r Seller -(developer, builder, etc.)paid financial assistance prevalent? n Yes lA No , Declining A, Stable Increasing u Lxplain in detail the seller concessions trends for the past 12 months (e.g., seller co tributions increased from 3% to 5%, increasing use of buydown , closing costs, condo fees, options, etc.). It is typical for seller to play closing cost w 0 w ce I— w cc K Q i Are foreclosure sales (REO sales) a factor in the market? IIII Yes X❑ No If yes, explain (including the trends in listings and sales of foreclosed properties). Cite data sources for above information. Data Points for this report was houses with 2 bedrooms and 1 baths and located in the 91950 zip code. Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, such as an analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support for your conclusions. Overall values have increased in the last 12 months. Supply and demand are in balance. If the subject is a unit in a condominium or cooperative project, complete the following: Project Name: Subject Project Data Prior 7-12 Months Prior 4-6 Months Current - 3 Months Overall Trend Total of Comparable Sales (Settled) Increasing Stable Declining Absorption Rate (Total Sales/Months) r Increasing Stable Declining Totals of Active Comparable Listings Declining Stable Increasing Months of Unit Supply (Total Listings/Ab. Rate) Declining Stable Increasing rj Are foreclosure sales (REO sales) a factor in the project? 0-Yes U No If es, indicate the number of REO listings and explain the trends in stings and sales of foreclosed properties. U w 1 O ce a a O O U O 0 z O ci Summarize the above trends and address the impact on the subject unit and project. APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED) ce Signature Signature rn Name Stephen - Hancock Name ceCompany Name Hancock Appraisal Company Company Name a Company Address 2358 University Avenue Company Address a San Diego, CA 92104 State License/Certification #AR026240 State CA State License/Certification # State Email Address HancockS1974cgmail.com Email Address Freddie Mac Form 11 March 21709 Produced using ACI software, 880.234 8127 www.auweb.wm Page 1 of 1 Fannie Mae Form 1oo4MC March 2009 1001MC1009090909 DIMENSION LIST ADDENDUM Attachment No. 3 Borrower: Isfahan Inc File No.: 17-216 Property Address:420 W 21 st St City: National City State: CA Case No.: Zip: 91950-6513 GROSS BUILDING AREA (GBA) GROSS LIVING AREA (GLA) 825 825 Area(s) Area %or GLA %otGBA Living 825 100.00 Level 1 825 100.00 100.00 Level 2 0 0.00 0.00 Level 3 0 0.00 0.00 Other 81 9.82 9.82 GBA Basement ❑ 0 Garage ❑ 0 O Area Measurements Area Type Measurements Factor Total Level 1 Level 2 Level 3 Other Bsmt. Garage 28.00 x 27.00 x 1.00 = 756.00 ❑X ❑ ❑ ❑ ❑ ❑ 1a 0Q x 3.00 x 1.00 = 42.00 ❑O ❑ 0 ❑ ❑ ❑ 9.00 x 3.00 x 1 00 = 27.00 ❑X ❑ ❑ ❑ ❑ ❑ x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ ❑ ❑ ❑ ❑ ❑ ❑ x — x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ 000000 0 O 0 O x _ x _ x x_= 0 ❑ O 0 x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x____. ❑ O ❑ ❑ ❑ ❑ x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ 000000 x _ x _ 000000 x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x____. ❑ ❑ ❑ ❑ O O x x _ 000000 0❑ 0 0 0 x x _ x _ x = O 0 0 ❑ 0 0 ❑ 0 ❑ 0 x x___. x x_ _ x x____.0 ❑ ❑ x x= ❑ ❑ 0 ❑ ❑ ❑ x x____. ❑ ❑ ❑ ❑ ❑ ❑ x x___. x x _ 0 0 0 0 x x____-0 000000 x x _ 000000 x x_____. x x _ ❑ ❑ ❑ ❑ ❑ ❑ x — x _ x x _ x _ x _ ❑ ❑ ❑ ❑ ❑ ❑ x _ x _ x _ x _ 000000 00 0❑ 0❑ 0 x _ x= x x = ❑ ❑ ❑ ❑ ❑ ❑ x x _ 000000 0 0 x _ x _ x x _ ❑ ❑ ❑ ❑ x x_ _ x x _ 000000 x x _ ❑ ❑ ❑ ❑ ❑ ❑ x — x = ❑ ❑ ❑ ❑ ❑ ❑ x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ 000000 x x_____. x x _ ❑ ❑ ❑ ❑ ❑ ❑ x x _ 000000 x____. x x = ❑ ❑ ❑ ❑ ❑ ❑ Produced moo ACI software. 800 234 8121 xvw.adacb.mon DIM 10072013 SUBJECT PROPERTY PHOTO ADDENDUM Borrower: Isfahan Inc Address: 420 W 21 st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip:91950-6513 Lender: N/A FRONT VIEW OF SUBJECT PROPERTY Date: July 4, 2017 Appraised Value: $ 355,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: Isfahan Inc Address: 420 W 21st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip: 91950-6513 Lender: N/A COMPARABLE SALE#1 1838 Wilson Ave National City, CA 91950 Sale Date: s04/17;c04/17 Sale Price: $ 341,000 COMPARABLE SALE#2 1726 Harding Ave National City, CA 91950 Sale Date: s02/17;c12/16 Sale Price: $ 310,000 COMPARABLE SALE#3 516 E 24th St National City, CA 91950 Sale Date: s08/16;c06/16 Sale Price: $ 360,000 COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: Isfahan Inc Address: 420 W 21 st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip: 91950-6513 Lender: N/A COMPARABLE SALE #4 2034 E Ave National City, CA 91950 Sale Date: s05/17;c05/17 Sale Price: $ 360,000 COMPARABLE SALE#5 425 E 16th St National City, CA 91950 Sale Date: c05/17 Sale Price: $ 395,000 COMPARABLE SALE#6 Sale Date: Sale Price: $ Borrower: Isfahan Inc Address: 420 W 21 st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip: 91950-6513 Lender: N/A Side View Side View Living Room Produced using ACI sol:wac. 800.234.812/ nrcw.aaveb.am PHT70821201] Borrower: Isfahan Inc Address: 420 W 21 st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip: 91950-6513 Lender: N/A Kitchen Bedroom Bedroom Prodxea using ACI software, 800 234 8721www.aciweb core PH1305212013 Borrower: Isfahan Inc Address: 420 W 21 st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip: 91950-6513 Lender: N/A Bath Tankless Water Heater CO alarm & Smoke alarm Produced using ACI software. 800 234 8727 www.auweh.rom PMT308212013 Borrower: Isfahan Inc Address: 420 W 21st St File No.: 17-216 Case No.: Attachment No. 3 City: National City St: CA Zip: 91950-6513 Lender: N/A Crawl space Storage building Produced using ACI software. 800.234 8127 wmvadweb.wm PHT305212013 Attachment No. 3 FLOORPLAN SKETCH Borrower: Isfahan Inc File No.: 17-216 Property Address:420 W 21 st St Case No.: City: National City State: CA Zip: 91950-6513 Lender: N/A 30.0' Nook Bedroom Kitchen b a 0 Bath 3.0' C 3.0' 6.0' co b • Deck Living Room Bedroom b ` 6.0' b 30.0' of 1 senb,e.N` CV b Poll 1 ei 3.0' Comments AREA CALCULATIONS SUMMARY Code Description Size Net Totals LIVING AREA BREAKDOWN Breakdown Subtotals GLA1 First Floor 825.00 P/P Porch 9.00 deck 72.00 TOTAL LIVABLE (rounded) 825.00 81.00 825 First Floor 27.0 x 28.0 3.0 x 14.0 3.0 x 9.0 3 Calculations Total (rounded) 756.00 42.00 27.00 825 Attachment No. 3 PLAT MAP Borrower: Isfahan Inc File No.: 17-216 Property Address: 420 W 21 st St Case No.: City: National City Stale: CA Zip: 91950-6513 Lender: N/A I. 1 ~�a yya ` i •—-_____ IIITIOSA7t£ tI Kmsoll sw421.126 / 1 18 OR ! MIL + M 1 1ige : 1- - I •3 s rt� me is - ?: C . 1 i P s a N Ir i ' _ T , rac 1 s- Q� 1 1' w .I - r'w �t i 1 1 1 a' [ 'I I r„ 4II 1116t1 1 1614I 111 [4D 1* � ! leums I rIv AR it e1 L; 11 � ! dal... �; ��.:zr - y• • I . . +I I I I' I It %III{,011.,1- 1 i .„ ` . , .. ..i 1 1• 1•1 1 1 T�T1. a� irT r 1 t ,7„..: iss Tl.,.iI"" ' l l l l l�l ((i i t l i l 1 1 I rLL11J. 11Jwl - .wl J1.1 r w .� F +. t 11111111CI 11111111';:i::1 ■rr�111118* •1111111LOE EJ; .iuiU 1'�3'• ,1 i_1 9:'A:!i1 it rel .il: lath✓ 1frz1:_'Jr`13fi" JIILII'i�IAJe-..4 a Attachment No. 3 LOCATION MAP Borrower: Isfahan Inc File No.: 17-216 Property Address: 420 W 21 St St Case No.: City: National City State: CA Zip: 91950-6513 Lender: N/A P'9.e Eta St 92 (A 1 Birch St L Nordics Ave El. • .c, `, 0n't Nab k�gt % i `' ch 5t a \ 0- E- at hgt 6 E�St tONSt N tnst .�, d k, St �- c F nth `'n C�n treet`' Comparable Sale 2 • 8th5t Z 1726 Harding Ave $ National City, CA 91950 11 `- 0.23 miles NW Q O a q 7 ^4 St .. m `! E y ty19<St p Z. n a 7 T 114 k2nast St 4 k bth51 y y E • 5. V. k5h6t Elthst r 3.3?.-k' < p A 10 EglhSt E 7 ri . kbth 9t c el N d k�r S. r y P y N a 4 National City 0 A gt�a --. 4\ata #� EPtaiagl�a q O '• . of - 0 v k1A�'� A `.- st — A 0 :st "`� E�6`" Eta ' Comparable Sale 5 M lath5t r. kt�,gt 425E 16th St C.-o National City, CA 91950 ° Z r 0.65 miles NE 9 y Sale 1 .• e 1""'� S 7+ E1 O hgt W - te1 V 60 cot' O Gw Z A Comparable 'S t 1838 Wilson •W 1r n5 National City, ., lio M \btk'' 0.17 miles Q m � nth r-'. -. to W 2 � W�v' dQ 1 ® 0 ky0t H d?6 9 — ` `N j4•P,SI Fe1 • Comparable 2034E National r , 0.57 . Ave L. CA 91950 y e 0 « NW of EZ�hSt .r: a'� E.'t St •9 r dst • . hgt a k� O'3tdst i E2tgtSt v rt S.7°1Sk A 26tVSt Sale 4 i1,,,t -II Ave g City, CA 91950 y miles NE r i X y A. G�5" S. ti ` M rn at r ` 3,`t'v - -• Subject 420 W 21 st St Nattiiona` City, CA 91950-6513 wgR.«d� .: t � ti * 1� Goo le : ii g V -'' CI. 1 Sweetwater Union -^a"9 0 High School Comparable Sale 3 St 516E 24th St `�pct National City, CA 91950 ` r a ;. 0.64 miles NE4 h �r a 1 o 0 i, m Chula Vista UMV er S 44851 7,Tilir, 910 tnt45h st Sea i• `'+nanst• .. _5.-4 ,,,,,sewHap data CC017 Google At Business. Consumer Services .& Housing Agenc BUREAU OF REAL ESTATE APPRAISERS REAL ESTATE APPRAISER LICENSE Stephen W. Hancock has successfully met the n..quirements for a license arc a residential real estate appraiser in the State of California and is. therefore. entitled to due the title: "Certified Residential Real l state Appraiser - This license has been issued in accordance with the pros isions of the Real I -state Appraisers I icenring and Certification Law. BREA APPRAISER 1nfNlE.ICAT'IoN Nt lMRER: 1R 026240 3825t; ElTective Date: Date Expires: (ktaber 14. 201b (ktohcr 13. 2018 Jim rtin. Bureau Chine i;l INIK 04CUO7ENT CONTAINS A 1NUo InATERMOgK • HMO W 70 trt.017 TO SEE 'CHAIN LINK' co 0 0 N 0 v, W 0 a i.io 0 -n asuaai1 spas eiddy £ 'oN luaw43211V Attachment No. 3 E and 0 Borrower: Isfahan Inc File No.: 17-216 Property Address: 420 W 21 st St Case No.: City: National City State: CA Zip: 91950-6513 Lender: N/A • TTN �uRANCE COMPANY WILMINCI+UN, DELAWARE Mia.airvi+.e n11I,q -.yaRNAOwl Ma- 21. bwmr. tom, 0+• 1C2t 110 Certificate Number' 0163900243 This Certificate forms a part of Master Policy Number: 0W Policy Rumba, Renewal of Master : 01838NTii3 ousertime CHASINtI GROUP MASTER POLICY IS A CLAIMS (iADE POLICY RidAD THE ATTACHED MASTER Y THE AMERIC.AN ACADEMY OF STATE CERTWIED APPRAISERS CERTIFICATE DECLARATIONS 1 Nome and Address of Certificate Holder. BOIIpllett W. Hancock tlrbfa Hades& Appraisal Company 3*9 University Avenue Salt DNgo CA 92104 2. Certificate Period: ENecUve Dal*: 87/24/18 to Expiration Dale: 07R4l17 12 01 air Lracal Torte al t' a Aaareas at me Induce 2a. Retroactive Date: OT/21107 12 01 am Lail Tani a tM Maass e1111a Houma 3. Limit of Liability: $ 1,000.000 each claim $ 1,000.000 aggregate limit 4. Deductible: $2.500 each claim 5. Professional Covered Services insured by this policy arc; L ESTATE APP AISAt SERVIC(e 8. Advance Cerficate Holder Premium. $ 802 7. Minimum Earned Premium 25% or $ 201 Fonds end Endorsements PRO 3150 (10/05J Real Estate Appraisers Professional Liability Dedarabons, PRO 3512 (07/12) Rawl Estate Appraisers Proloamonal Liability Coverage Form. PRG 2078 (03116) Addendum to a» Dadaraeats, 89844 (8f13) Econonuc SainctionS Erldarsensen*, 91222 (0013) PCMl yrlolder Nobca. 118477 (03/15) PoicyhWder Na11oe Additional Ewdormed@ applicable lo ptia Cofldleete Non. Agency Name and Addrem ! INTERCOM!, INC. • 1438f Wiwi MW -treat Ephrata, M 17Ql ilq T IS HEREBY uNDERST000MD t t ADD THAT THE CIEWITFICATE HOLhER ES-O AU. TERNS MD CONDITIONS AS SET FORTH IN THE ATTACHED MASTER POLICY. THIS POLICY IS ISSUED SY YOUR RIP( puRC ASMG GROIA INSURER WHICHWY NOT 8C SUBJECT TO P L OF THE INSURANCE LAWS AND REGt;ATt0I13 of VUR STATE. STATE INSURANCE INSOLVENCY GUARANTY FUNDS ARE NOT IA1 VARLABLE FOR YOUR RI= PURCHAI iNO amour a15L1RER. 01, i)c� Coun1Y: San Diego AulhadasdRapreoantalveOR PRO else 11a os1 Cour tosignature lin stales wham NppNpMy) Debt .key 1R 2018 USPAP ADDENDUM Attachment No. 3 File No 17-216 Borrower: Isfahan Inc Property Address: 420 W 21 st St City: National City Lender: N/A County: San Diego State: CA Zip Code: 91950-6513 Reasonable Exposure Time My opinion of a reasonable exposure time for the subject property at the market value stated in this report is. 90 days Additional Certifications ❑ I have performed NO services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. ID I HAVE performed services, as an appraiser or in another capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. Those services are described in the comments below. Inspected on 05/11/2017 Additional Comments APPRAISER: SUPERVISORY APPRAISER (only if required): Signature: _ Signature. Name: Stephen en Hancock Name: Date Signed. State Certification #• or State License #: or State License #. or Other (describe): State it. State State: CA Expiration Date of Certification or License. Expiration Date of Certification or License: 10/13/2018 Supervisory Appraiser inspection of Subject Property: Cl Did Not ❑ Exterior -only from street ❑ Interior and Exterior Date Signed: 07/04/2017 State Certification #: AR026240 Effective Date of Appraisal. 07/04/2017 Produced using ACI software. 800.234.8121wwwadreb.mm USPAP_14NT 01062014 Attachment No. 3 AERIAL MAP Borrower: Isfahan Inc File No.: 17-216 Property Address:420 W 21st St City: National City Lender: N/A Case No.: State: CA Zip: 91950-6513 Subject 420 W 21 st St National City, CA 91950-6513 RESOLUTION NO. 2017 — RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY RATIFYING THE PURCHASE AND SALE AGREEMENT EXECUTED ON JULY 11, 2017, AND AUTHORIZING THE PURCHASE OF REAL PROPERTY LOCATED AT 420 WEST 21ST STREET FROM ISFAHAN, INC., FOR A TOTAL SALES PRICE OF $355,000 AND THE PAYMENT OF CLOSING COSTS NOT TO EXCEED $2,000 WHEREAS, the real property located at 421 West 21st Street in National City ("Property") is a long rectangular parcel that sticks out into an area that will be part of the 4.4 acre expansion of Paradise Creek Educational Park; and WHEREAS, the Property is key in creating proper access to the new park and facilitating street improvements and drainage at West 21st Street and Harding Avenue; and WHEREAS, the Property was listed for sale at $355,000 and City staff presented the opportunity to purchase the property in closed session on June 20, 2017; and WHEREAS, the City Council provided direction in closed session on June 20, 2017 to begin negotiations and secure the purchase and sale of the Property subject to City Council approval; and WHEREAS, the City approached the listing broker and made an offer, contingent on two factors: 1) the City could only pay the appraised value for the Property, and 2) the City would have to obtain City Council approval of the purchase and sale of the Property; and WHEREAS, the property was appraised for $355,000 and the City entered into a Purchase and Sale Agreement on July 11, 2017, contingent on City Council approval. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby ratifies the Purchase and Sale Agreement executed on July 11, 2017, and authorizes the purchase of the real property located at 420 West 21st Street from Isfahan, Inc., for a total sales price of $355,000 and the payment of closing costs not to exceed $2,000. BE IT FURTHER RESOLVED that the City Council of the City of National City hereby authorizes the City Manager, Deputy City Manager, or designee to execute any escrow documents necessary for the purchase of said Property. [Signature Page to Follow] Resolution No. 2017 — Page Two PASSED and ADOPTED this 1" day of August, 2017. ATTEST: Michael R. Dalla, City Clerk APPROVED AS TO FORM: Angil P. Morris -Jones City Attorney Ron Morrison, Mayor CITY OF NATIONAL CITY Office of the City Clerk 1243 National City Blvd., National City, California 91950-4397 619-336-4228 Michael R. Dalla, CMC - City Clerk ISFAHAN, INC. PURCHASE AND SALE AGREEMENT 420 W. 215T STREET Gregory Rose (Housing & Economic Development) forwarded the original Agreement to Isfahan, Inc.