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Item No. 04 Vacant Land PA Sumner and Main Streets
City Council Agenda Report City of Lake Elsinore 130 South Main Street Lake Elsinore, CA 92530 www.lake-elsinore.org File Number: ID# 19-164 Agenda Date: 5/28/2019 Status: PassedVersion: 1 File Type: Council Consent Calendar In Control: City Council / Successor Agency Agenda Number: 4) Vacant Land Purchase Agreement and Joint Escrow Instructions for Four (4) Vacant Parcels on Sumner and Main Streets (APN’s 374-163-001; 374-163-002; 374-163-003; 374-163-004) 1. Approve the Vacant Land Purchase Agreement and Joint Escrow Instructions to purchase four (4) vacant parcels on Sumner and Main Streets (APN’s 374-163-001; 374-163-002; 374-163-003; 374-163-004) for $600,000; and, 2. Affirm staff’s execution of the Vacant Land Purchase Agreement and Joint Escrow Instructions and further authorize the City Manager or designee to execute such other ancillary documents as may be necessary to complete the purchase, in such final form as approved by the City Attorney. Page 1 City of Lake Elsinore Printed on 5/9/2023 REPORT TO CITY COUNCIL To:Honorable Mayor and Members of the City Council From:Grant Yates, City Manager Prepared by:Jason Simpson, Assistant City Manager Date:May 28, 2019 Subject:Vacant Land Purchase Agreement and Joint Escrow Instructions for Four (4) Vacant Parcelson Sumner and Main Streets (APN’s 374-163-001; 374-163-002; 374-163-003; 374-163-004) Recommendations 1.Approve the Vacant LandPurchase Agreement and Joint Escrow Instructions to purchase four (4)vacant parcelson Sumner and Main Streets (APN’s 374-163-001; 374-163-002; 374-163- 003; 374-163-004)for $600,000. 2.Affirm staff’s execution of the Vacant Land Purchase Agreement and Joint Escrow Instructions and further authorize the City Manager or designee to execute such other ancillary documents as may be necessary to complete the purchase,in such final form as approved by the City Attorney. Background The proposed property acquisition consists of four (4) vacant parcels located on Sumner and Main Streets in Downtown Lake Elsinore. The property’s location is depicted on the attached Vicinity Map. City negotiators conferred with the City Council in closed session on April 23, 2019. Following the City Council’s direction to the negotiating team, the City reached an agreement with the owner to purchasethe parcelsfor $600,000. Discussion The four (4) parcels consist of approximately 48,787square feet (s.f.)or 1.12 acres and is vacant land. The acquisition of these parcels will assist the City in providing additional public parking and other public improvements in the Downtown area. Accordingly, staff recommends that the City Council take advantage of this opportunity to acquire the property. Purchase Agreement for Property Sumner and Main Street May 28, 2019 Page 2 Fiscal Impact The funding for acquisition in the amount of $600,000, plus closing costs, will come from the City’s Fiscal Year 18/19 –22/23 Capital Improvement Plan (CIP) budget. Exhibits A –Vicinity Map B–Vacant LandPurchase Agreement and Joint Escrow Instructions SI T E M A P – C H U N G P R O P E R T I E S AP N ’ S : 3 7 4 - 1 6 3 - 0 0 1 37 4 - 1 6 3 - 0 0 2 37 4 - 1 6 3 - 0 0 3 37 4 - 1 6 3 - 0 0 4 OW N E R S : C H A N & H Y U N G CH U N G DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 /<e;lIiIyA,IlIlIl*'or All C A r. r F 0 R N I A SELLER COUNTER OFFER No. 1 6 S 5 O C I A f 1 0 N May not be used as a multiple counter offer. �� Of RFA L I'0 RS 's (C.A.R.Form SCO,11114) Date Way 9,2619 This is a counteroffer to the: Ij(Purchase Agreement, L7 Buyer Counter Offer No, ,Or_J Other ("Offer'), dated _ May 6, 2019 ,, on property known as 1.12 ACRES MIL ON WAIN,suraN,-R AN1J SPRING STREETS,LAKE ('Property"), between !:1TY OF LAKE ELSINORE ("Buyer") and Chan Jae Chunq.end Hyrrng Ok Chung Trustees of Lwing Trticr September 6,2017,BELAMEDA MGMT LLC CIO KEIVNETH LEE "Seller"l. 1. TERMS:The terms and conditions of the above referenced document are accepted subject to the following: A. Paragraphs in the Offer that require initials by all parties, but are not initialed by all parties, are excluded from the final agreement unless specifically referenced for inclusion in paragraph IC of this or another Counter Offer or an addendum, B. Unless otherwise agreed in writing, down payment and loan amount(s) will be adjusted in the same proportion as in the original Offer. C. OTHER TERMS: PURCHASE''RICE TO BE$600,000. D. The following attached addenda are incorporated into this Seller Counter offer: i Addendum No. 2. EXPIRATION:This Seller Counter Offer shall be deemed revoked and the deposits,if any,shall be returned: A.Unless by 5:00pm on the third Day After the date it 1s signed in paragraph 4 (if more than one,signature then, the last signature date)(orby !__�AWI PM on (date))(i)it is signs=d in paragraph 5 by Buyer-And(ii)a copy of the signed Seller Counter Offer is personally received by Seller or REALTY CENTER,,INC. _ who is authorized to receive it. OR B. If Seller withdraws it anytime prior to Acceptance(CAR Form WOO may be used). OR C. If Seller accepts another offer prior to Buyer's Acceptance of this counter offer. 3. MARKETING TO OTHER BUYERS:Seller has the right to continue to offer the Property for sale.Seller has the right to accept any other offer received,prior to Acceptance of this Counter Offer by Buyer as specified in 2A and 5. In such event, Seller is advised to withdraw this Seller Counter Offer before accepting another offer 4. OFFER: SELLER MAKES THIS COUNTER OFFER ON THE TERMS ABOVE AND ACKNOWLEDGES RECEIPT OF A COPY. Seller _ Chan Jae Chung and Hyung Ok Chung Date Seller iv., w+.�F BELAMEDA MGMT LLC C/O KENNETH LEE Date 5. ACCEPT 111 .=ept the above Seller Counter Offer(If checked _1 SUBJECT TO THE ATTACHED COUNTER A�OFER) and acknowledge rec*ipt of a Copy. Buyer �" S"I'llet ��14/2019 Y ,� _ _ _ CITY OF L�1FCE E'LSINd)12F Da Time AM/Li PM But r _ Date Time AM/ PM CO R T N OF ACCEPTANCE: y Z (Initials)Confirmation of Acceptance:A C=y of Signed Acceptan sonally received by Seller,or Seller's aut i a ent as specified in paragraph 2A on (date) _ �r at AMI 'PM. A binding Agreement Is cre hen a Copy of Signed Acceptance is personally received bs Seiler or Sellee authorized agent whether or not cot flrmed In this document. 201q,Callfnmia Assncialinn of REALTOF2St7,Inc, [HIS FORM HAS BEEN APPROVED BY fHF CAI IFORNIA ASSOCIATION OF REALTORSF(1:A 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 TC ADVISE ON REAL ESTATE TR.ANSAC HUNS IF YOU DESIRE LEGAL OR TAX ADVICE CONSULT AN APPROPRIATE PROFESSIONAL Published and Distributed by: r REAL ESTATE BUSINESS SERVICES,INC. M a subsidiary of the Calitom(a Association of REALTORSP JUN 525 South Virgil Avenue Los Angeles,California 90020 SCO 11/14(PAGE 1 OF 1) SELLER COUNTER OFFER(SCO PACE 1 OF 1 Rcdly(,'en(er.Lm'„IOlU rih eriAe I7r.I xke F,klnore G%425711 Phone (951)674-6814 max (4511674-662 MAIN STREF.f ft Ft eran 11-frM1 Proiu[rd-11, 18070 F,fIBen 61.19 Road Fraser,IAirh,gan.18026 ~.ziuLaau com DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 Nay, 9, 2019 7:0 9'Ni No. 0647 P• CAL 7 P O R N T A SEMI-ER COUNTER OFFER No. 1 ASSOCIATION May not be used as a mufffpte Counter offer, OF R E A L T O P S® (CJI.R•Farm Salo,11114) Data 9, Q f9 This is a counter offer to the: 9 PUrchessAgreament,❑Buyer Counter Oltar No, ,or[)ottm ('Offer`), dMad May 6 2010 an property known at; T.1ZA00WS+rL off irAiN.AGIYiYRRAND S►�RINQ 97REliS LA![F ("�reperty"}, between CItFr P sf E ("Buyer') and Chin Ja4 Che lFrid Nyunp Qk Gfmng rlusrvaa arlfvkrq tTYrOr$t�rrmMrr s,>!BfT,fltfiJlAiL*AA Artl_T LtC C!D rlENHETrt L .E ('Selfer'�, I. TERMS,The terms alid condlifong of the above referenced document are amepted sub)goi to the folkaw+ing: A. Paragr&phro In the Offer that require lhltfets by all parties,but are not irrylatled by all pwilea,arm exaludl d from the final algrearnanf anfesa speciffclttly referenced for Inclusion In puagfoph It of W&or another Counter Offeror an arddenthrnT. S. Unless otherMoo agreed In writing, down payrognt'Ind loan arrlount(s) will be adjusted In the same propvrtlbh as in the original Offer. C. OTHER TERMS, PVgg8ASEPRfCE M.gK.SMOtli7,_ Y D. The following attached addenda and Incorporated bite this Sallgr Counter offer, E]Addendum No, 2, EXPIRATION:Thre Satter Gountsr Offer shall he 499MOd revolted and The daMsits.if any,shall be returned: A.Unless by 5:00Dm on the third flay After the data it Is sfgriad In paragraph 4 of room than one algnature then,tiTe Isat s1gn4Wre date)(orby []AM[J PM on (dale))(1)K fs signed In paragraph 9 by Buyer and(11)a copy of the signed 9e11ar Counter Offer is personally received by so f�rtr R IIVC who to eufhotlznd W receive It OR H. Ir Seller vAhdraws if anytime prior to Acceptance{GAR'Form WOO may be I sad). OR C. It Seller accepts another,offer prior to lit iyer's Acceptance of this Counter offer. 9. MARKETWO TO OTHER BUYERS:Seller hes ilia right to continue to offer the Property for safe.8611dr has the right to.aceapt any other Offer mcnivea..prior to Acceptanoe of Ihls Counter Offer ny 8tlyer as spectiled In-2A and S.In such event,Seller Ie advlaad to withdrew 11114 Seller Counter Offer before accep(hng another dffor. 4. OFFER;SEL R MAKES THIS COUNTER OFFER 014THE TERM$ABOVE AND-AGKt4OM-EDQE3 RECEIPT OI=A COPY. SeA$r. s,utt ,/p= .!f — Chan Jie 06&W and Htvmg VA Chong l f'�g�(j S@fier -- 8a[A7kkbA ,A LLC.CRS ErN!£6' p_ 5. ACCEPTANCE:ME accept the above Seger Counter Offer(If checked ❑SUBJECT TO THE ATTACHED COUNTER OFFER) and sr;ulamila go recelpt of a Copy; 5 14/2019 8uyoi r -; DocuSign Envelope ID:09FBFD09-FAF8-4F92-A49A-195EAB564638 AS s o c t AT r{, VACANT LAND PURCHASE AGREEMENT �+ ' OF RE A LT It AND JOINT ESCROW INSTRUCTIONS (C.A.R,Form VLPA,Revised 12118) Date Prepared:May 6, 2019 1. OFFER: A. THIS IS AN OFFER FROM City©f Lake Elsinore ("Buyer"), B. THE REAL PROPERTY to be acquired is 283 N Main St , situated in Lake Elsinore (City), Riverside (County),Califomia, 92530 (Zip Code),Assessors Parcel No. 374-163.404 ('Property). Further Described As to include APN's 374463-001 374-163-002, 374-163-403, 3.74-163.004 C. THE PURCHASE PRICE offered is Five Hundred Ef ht -Five rhousand Dollars$58585 00 D. CLOSE OF ESCROW shall occur on (date)(or 30 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 confirmed for this transaction Seller's Brokerage Firm Realt Center, Inc. License Number 01403449 Is the broker of(check one): the seller;or LJ both the buyer and seller.(dual agent) Seller's Agent Everett Manfredi license Number 00588379 Is(check one): W the Seller's Agent, (salesperson or broker associate) both the Buyer's and Seller's Agent.(dual agent:) Buyer's Brokerage Firm Remax Re sit License Number 01957777 Is the broker of(check one): the'buyer;or __ both the buyer and seller. (dual agent) Buyer's Agent Jessica Small License Number 01361340 Is(check one). the Buyers Agent, (salesperson or broker associate) both the Buyer's and Seller's Agent. (dual agent) C. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a !]'Possible Representation of More than One Buyer or Seiler-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. . . . . . . . . . .. . . . . . . . . . ... . . $ _ 6 000'.00 (1) Buyer Direct Deposit: Bier shall deliver deposit directly to Escrow Holder by electronic funds transfer,n cashier's check. LI personal check, i J other within 3 business days after Acceptance I or ): OR(2) Buyer Deposit with Agent: Buyer has given the deposit by personal 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 shall 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 DEPOSIT:Buyer shall 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 loan. Written verification of sufficient funds to close this transaction IS ATTACHED to this offer orl�41 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, 7)VA, El Seller financing (C.A.R. Form SPA), 1�assumed financing(C.A.R.Form AFA), []subject to financing, r]Other - This loan shall be at a fixed rate not to exceed %or. [1 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)Fl SECOND LOAN In the arnount of, . . . . . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . $ This loan will be conventional financing OR [j Seller financing (C.A.R. Form SFA), assumed financing(C.A.R.Form AFA), El subject to financing 7 Other This loan shall be at a fixed rate not to exceed %or, _D an adjustable rate loan with initial rate not to exceed °Io, Regardless of the type of loan,Buyer shall pay points not to exceed ale of the loan amount. (3) FHAIVA: For any FHA or VA loan specified in 3D(1), Buyer has 17 (or ) Days After Acceptance to Deliver to Seller written notice(C A.R.Form FVA)of any fender-required repairs or costs that Buyer requests Seller to pay for or otherwise correct, Seller has no obligation to pay or satisfy lender requirements unless agreedinawrfting.A FHAIVA amendatory clause(C.A.R.Form FVAC)shall be a part of this transagliqn. Buyers Initials ll is f ) Seller's Initials{ ! 35 1996-2019-CaIIFOrn t+�f ASSOOiation of RFALTC7RS0.Inc VLPA REVISED 12118(PAGE 1 OF 11) _ VACANT LANE] PURCHASE AGREEMENT VLPA PAGE 1 OF 11 ReMas Registry.J3920.targarita Road Suile 0 R Temecula CA 92592 Phone,9517572112 Fax'866-699-9301 283 N.fain St Jessica Smell Produced with zipFormOD by zipLogot 18070 Fifteen Mile Road,Fraser Michigan 48026 MnLZ&LOgk= uocuoign rnveope lu: JOUAt-tbb-dztU-45th-8bbU-C;89U94F-5BAl7 DocuSign Envelope 10:09F8FO O9-FAF8-4F92-A49A-195EAB564638 r,roperty Address: .283 N Main St, Lake Elsinore, Ca 92530 Date: May 5, 2019 E. ADDITIONAL FINANCING TERMS: F. BALANCE OF'DOWN OR PURCHASE PRICE in the amount of. . . . . . . . . . . . . . . . . $ 579 000.00 to be deposited with Escrow Holder pursuant to Escrow Holder instructions. G. PURCHASE PRICE(TOTAL): . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .. . . . . . . . . . . . . . . $ 585,000.00 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 __y Days After Acceptance, Deliver to Seller written verification of Buyer's down payment and closing costs. (F]Verification attached.) I. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (or '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 19B(3), in writing, remove the appraisal 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 317 is an adjustable rate loan. the prequalification or preapproval letter shall be based on the qualifying rate,not the initial loan rate. ( FI Letter attached.) (2) LOAN CONTINGENCY: Buyer shall act diligently and in goad faith to obtain the designated foan(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 this Agreement. (3) LOAN CONTINGENCY REMOVAL: Within 21 (or ) Days After Acceptance, Buyer shall, as specified in paragraph 19, 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 Buyer 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 closing or other costs that is agreed to by the Parties ("Contractual Credit') shall be disclosed to Buyer's tender. If the total credit allowed by Buyer's fender ("Lender Allowable Credit') is less than the Contractual Credit, then (E) 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(of the difference between the Contractual Credit and the Lender Allowable Credit. K. BUYER STATED FINANCING: Seller is relying on Buyer's 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 crate, purchase price and to self to Buyer in reliance an 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. L. SELLER FINANCING: The following terns(or []the terms specified in the attached Seller Financing Addendum) (C.A.R. Form SFA) apply ONLY to financing extended by Seller under this Agreement. (1) BUYER'S CREDIT-WORTHINESS: Buyer authorizes Seller and/or Brokers to obtain, at Buyer's expense. a copy of Buyer's credit report. Within 7 (or ) Days After Acceptance, Buyer shall provide any supporting documentation reasonably requested by Seller. (2) TERMS: Buyer's promissory note,deed of trust and other documents as appropriate shall incorporate and implement the following additional terms: (1)the maximum interest rate specified in paragraph 3D shall be the actual fixed interest rate for Seiler financing; (it) deed of trust shall contain a REQUEST FOR NOTICE OF DEFAULT on senior loans; (iii) Buyer shall sign and pay for a REQUE=ST FOR NOTICE OF DELINQUENCY prior to Close Of Escrow and'at any future time if requested by Seller:(fv)note and deed of trust shall contain an acceleration clause making the loan due,when permitted by law and at Seller's option,upon the sale or transfer of the Prop"or any interest in it; (v) note shall contain a late charge of 6% of the installment due (or ) a the installment is not received within 10 days of the date due; (vi) fide insurance coverage in the form of a joint protection policy shall be provided insuring Seller's deed of trust interest in the Property (any increased cost over owner's policy shall be paid by Buyer);and(vii)tax service shalf be obtained and paid for by Buyer to notify Seller if property taxes have not been paid. (3) ADDED, DELETED OR SUBSTITUTED BUYERS: The addition, deletion or substitution of any person or entity under this Agreement or to title prior to Close Of Escrow shall require Seller's written consent. Seller may grant or withhold consent in Seller's sole discretion. Any additional or substituted person or entity shall. If requested by Seller, submit to Setter the same documentation as required for the original named Buyer. Seller and/or Brokers may obtain a credit report, at Buyer's expense,on any such person or entity. M. ASSUMED OR "SUBJECT TO" FINANCING: Seller represents that Seller is not delinquent on any payments due on any loans. Seiler shall. within the time specified in paragraph 19, provide Copies of all applicable notes and deeds of trust, loan balances and current interest rates to Buyer. Buyer shall then, as specified in paragraph 19B(`3), remove this contingency or Buyers Initials( 9� )1 / Seller's Initials t 6•' a{ t VLPA REVISED 12/18(PAGE 2 OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 2 OF 11) Produced with VpForrn®by zipLogix 18070 Fifleen Mile Road,Fraser.Michigan 48026 www.zjpL=x,corp 283 N Mein Sr _��..�,y,"^„,..N„ •• .•....•., LJU-aGLV"rJU I-OJJI'"l+D`JU.7YrOL7M I/ Docu$ign Envelope ID:t7 9F8FD49-FAF84F92-A49A-195EAB564638 r-roperty Hoaress: 26;1 N Main St Lake Elsinore Ca 92530 Date: +lay 6. ,2019 cancel this Agreement. Differences between estimated and actual loan balances shall be adjusted at Close Of Escrow by cash down payment. Impound accounts, if any, shall be assigned and charged to Buyer and credited to Seller. 'Seller is advised that Buyer's assumption of an existing loan may not release Seller from liability on that loan. If this is an assumption of a VA Loan. the sale is contingent upon Seller being provided a release of liability and substitution of eligibility, unless otherwise agreed in writing, if the Property is acquired subject to an existing loan, Buyer and Seller are advised to consult with legal counsel regarding the ability of an existing lender to call the loan due,and the consequences thereof. 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(C.A.R.Form COP). S. ❑MANUFACTURED HOME PURCHASE: The purchase of the Property is contin ent upon Buyer acquiring a personal property manufactured home to be placed on the Property after Close Of Escrow. Buyer [Jhas ❑has not entered into a contract for the purchase of a personal property manufactured home. Within the time specified in paragraph 19, Buyer shall remove this contingency or cancel this Agreement,(or[]this contingency shall remain in effect until the Close Of Escrow of the Property). S. j CONSTRUCTION LOAN FINANCING: The purchase of the Property is contingent upon Buyer obtaining a construction loan. A draw from the construction loan []will❑will not be used to finance the Property. Within the time specified in paragraph 19, Buyer shall remove this contingency or cancel this Agreement(or []this contingency shall remain in effect until Close Of Escrow of the Property). 7. ADDENDA AND ADVISORIES: A. ADDENDA: _ []Addendum# (CAR.Form ADM) Back Up Offer Addendum(C.A.R. Form BUO) Court Confirmation Addendum(C.A.R.Form CCA) Septic, Well and Property Monument Addendum(CAR For_m_SWPI) ❑Short Sale Addendum(C.A.R. Form SSA) Other B. BUYER AND SELLER ADVISORIES: Buyers inspection Advise C.A.R.Form BIA ❑Probate Advisory(C.A.R. Form PA) ❑Statewide Buyer and Seller Advisory(C.A.R.Form S8SA) Trust Advisory C.A.R.Form TA REO Adviso C.A.R. Form REO Short Sale Information and Adviso C.A.R.Form SSIA Other 8. OTHER TERMS: The CRY Council of the Cq of Lake Elsinore has authorized the Cl Men or to execute this offer, provlafed,however, the 17nal Purchase Agreement must be approved by the City Council of a rearularly°scheduled City council meeting, 9. ALLOCATION OF COSTS A. INSPECTIONS, REPORTS AND CERTIFICATES: Unless otherwise agreed, in writing, this paragraph only determines who is to pay for the inspection, test, certificate or service ("Report") mentioned; it does not determine who Is to pay for any work recommended or identified In the Report (1)❑Buyer©Seller shall pay for a natural hazard zone disclosure report, including tax ®environmental[—]'Other: prepared by First American NH+D (2)FV BuyerU Seller shall pay for the following Report Phase 1 Environmental Report repared b (3) Buyer Seller shall pay for the following Report prepared by B. ESCROW AND TITLE: — (1)(a) [g Buyer©Seller shall pay escrow fee each party to pay their own fees (b) Escrow Holder shall be Chicago Title d Escrow (c) The Parties shall,within 5(or_)Days After receipt,sign and return Escrow Holders general provisions, (2)(a) ❑Buyer 0 Seller shall pay for owner's title insurance policy specified in paragraph I BE (b) Owner's title policy to be issued by Chicago Title&Escrow (Buyer shall pay for any title insurance policy insuring Buyer's lender,unless otherwise agreed in writing.) C. OTHER COSTS: (1) Buyer Seller shall pay County transfer tax or fee (2) Buyer Seller shall pay City transfer tax or fee (3) Buyer Seller shall pay Homeowners'Associalion("HOA")transfer fee (4) Seller shall pay HOA fees for preparing all documents required to be delivered by Civil Cade§452.5, (5) Buyer to ay for any HOA certification fee. (6) Buyer Seller shall pay HOA fees for preparing all documents other than those required by Civil Code§4525. (7) Buyer Seller shall pay for any private transfer fee (8) BuyerLJ Seller shall pay for (9) Buyer LJ Seller shall pay for 10.CLOSING AND POSSESSION: Possession shall be delivered to Buyer:(i) at ti PM or AMI PM) on the date of Close Of Escrow; (ti) 1i no later than calendar days after Close Of Escrow; or (iii) []at [J AM/ ❑PM on The Property shall be unoccupied, unless otherwise agreed in writing. Seller shall provide keys and/or means to operate all Property locks.If Property is located in a common interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association(" A")to obtain keys to accessible HOA facilities. Buyers Initials( ( --iJ Seller's Initials( y( I VLPA REVISED 12/18(PAGE 3 OF 11) t� VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 3 OF 11) . .x- Produced w4h zoFdrmS N ZOL"m 10070 Fifteen Mlle Road,Fresrr,Mid4ipan 4 eo25 fNSLM'-r�eLe�rv,.pp,.- 279;<Y Slain Si Uocusign Lnvelope ID:35CAFE56-32EC-4561-855C-CB9D94F5BA17 DocuSign Envelope ID:09F8FD OO-FAF84F92-A49A-195EAB564638 Property Address. 283 N Main St. Lake Elsinore, Ca 92530 Date:M!y 6. 2019 11.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 11 B or C. B. ITEMS INCLUDED IN SALE: (1) All EXISTING fixtures and fittings that are attached to the Property; (2) The following items. (3) Seller represents that all items included in the purchase price, unless otherwise specified,are owned by Seller. (4) All items included shall be transferred free of liens and without Seller warranty. C. ITEMS EXCLUDED FROM SALE: 12.STATUTORY ANt7 OTHER DISCLOSURES AND CANCELLATION Rlt"sHTS: A. NATURAL AND ENVIRONMENTAL HAZARD DISCLOSURES AND OTHER BOOKLETS:Within the time specified in paragraph 19A, Seller shall, if required by Law (1) Deliver to Buyer earthquake guide(s) (and questionnaire), environmental hazards booklet; (11) disclose if the Property is located in a Special Flood Hazard Area, Potential Flooding (Inundation)Area, Very High Fire Hazard Zone, State Fire Responsibility Area, Earthquake Faull Zone, and Seismic Hazard Zone; and(ill)disclose any other zone as required by Law and provide any other informa lion required for those zones. S. WITHHOLDING TAXES: Within the time specified in paragraph 19A, to avoid required withholding. 'Seller shall Deliver to Buyer or qualified substitute, an affidavit sufficient to comply with federal(FIRPTA)and California withholding Law(C.A,R. Fomn AS or QS). C. MEGAN'S LAW DATABASE DISCLOSURE: Notice Pursuant to Section 290.46 of the Penal Cade, 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 offender's cnminat 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.) D. 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:ttwww.npms.phmsa.dot.gov(. 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. E. CONDOMINIUM/PLANNED DEVELOPMENT DISCLOSURES: (1) SELLER HAS:7(or _)Days After Acceptance to disclose to Buyer whether the Property is a condominium, or is located in a Planned development or other common interest subdivision(C.A.R. Form VLQ), (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 (C.A.R. Form H0A1). (i) Copies of any documents required by Law; (II) disclosure of any pending or anticipated claim or litigation by or against the HOA, (Ili)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 'Cl Disclosures'). Seller shall itemize and Deliver to Buyer all CI Disclosures received from the HOA and any CI Disclosures in Seller's possessior. Buyer's approval of Cl Disclosures is a contingency of this Agreement as specified in paragraph 196(3). The Party specified in paragraph 9, as directed by escrow, shall deposit funds into escrow or direct to HOA or management company to pay for any of the above. 13.SELLER DOCUMENTATION AND ADDITIONAL DISCLOSURE: A. Within the time specified in paragraph 19,if Seller has actual knowledge,Seller shall provide to Buyer,in writing, the following information (1) LEGAL PROCEEDINGS:Any lawsuits by or against Seller, threatening or affecting the Property,Including any lawsuits alleging a defect or deficiency in the Properly or common areas,or any known notices of abatement or citations filed or issued against the Property. (2) AGRICULTURAL 'USE: Whether the Property is subject to restrictions for agricultural use pursuant to the Williamson Act (Government Code§§51200-51295). (3) DEED RESTRICTIONS:Any deed restrictions or obligations. (4) FARM USE:Whether the Property Is in,or adjacent to,an area with Right to Farm rights(Civil Code§3482.5 and§3482.6). (5) ENDANGERED SPECIES: Presence of endangered,threatened.'candidate'species,or wetlands on the Property. (6) ENVIRONMENTAL HAZARDS:Any substances,materials or products that may be an environmental hazard including, but not limited to,asbestos,formaldehyde,radon gas.lead-based paint,fuel or chemical storage tanks,and contaminated soil or water an the Property (7) COMMON WALLS:Any features of the Property shared in common with adjoining landowners, such as walls, fences, roads, and driveways,and agriculture and domestic wells whose use or responsibility for maintenance may have an effect on the Property (8) LANDLOCKED:The absence of legal or physical access to the Property. (9) EASEMENTS(ENCROACH'MENTS:Any encroachments, easements or similar matters that may affect the Property. (10) SOIL FILL:Any fill(compacted or otherwise),or abandoned mining operations on the Property. (11) SOIL PROBLEMS:Any slippage, sliding,flooding,drainage,grading,or other soil problems. (12) EARTHQUAKE DAMAGE: Major damage to the Property or any of the structures from fire,earthquake, floods,or landslides. (13) ZONING ISSUES:Any zoning violations, non-conforming uses,or violations of"setback'requirements. (14) NEIGHBORHOOD PROBLEMS:Any neighborhood noise problems, or other nuisances. B. RENTAL AND SERVICE AGREEMENTS:Within the time specified in paragraph 19, Seller shall make available to Buyer for Inspection and review, all current leases, rental agreements service contracts and other related agreements, licenses, and permits pertaining to the operation or use of the Property. C. F] TENANT ESTOPPEL CERTIFICATES: Within the time specified in paragraph 19. Seller shall deliver to Buyer tenant estoppel certificates (C.A.R. Form TEC) completed by Seller or Sellers agent. and signed by tenants, acknowledging; (1)that tenants' rental or lease agreements are unmodified and in full force and effect (or if modified. stating all such modifications);;- (11)that no lessor defaults exist:and(Ili),§tating the amount of any prepaid rent or security deposit. Buyer's Initials.( •1' )i _i Selier's Initials I "�r VLPA REVISED 12(18(PAGE 4 OF 11) .— u VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 4 OF 11) Produced with zipForm®by zipLogix 18070 Fifteen We Road,Fraser,Michigan 48026 yy-oCff,4;QL92Ly_= 293 N.Hain St DocuSign Envelope ID:09F8FD l}9-FAF814F92-A49A-195EAB564638 —e-1 Ir •.. 1S;.aJ. 4vU rr MOW W L.alre Crsinom f- --t Date:May s, t���.g' D. MELLO-RODS TAX, 1915 BOND ACT:Within the time specified in paragraph 19.Seller shall:(1)make a good faith effort to obtain a notice from any local agencies that levy a special tax or assessment on the Property(or,if allowed,substantially equivalent notice),pursuant to the Meilo-Roos Community Facilities Act,and Improvement Bond Act of 1815,and(11)promptly deliver to Buyer any such notice obtained. E. SELLER VACANT LAND QUESTIONNAIRE:Seller shall, within the time specified in paragraph 19,complete and provide Sutver with a Seller Vacant Land Questionnaire(C.A,R.Form VLO). 14, SUBSEQUENT DISCLOSURES: In the event Seiler. prior to Close Of Escrows, becomes aware of adverse conditions materially affecting the Property. or any material inaccuracy in disclosures. information or representations previously provided to Buyer of which Buyer is otherwise unaware. Seller 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 disclosed In reports ordered and paid for by Buyer. 15.CHANGES DURING ESCROW: A. Prior to Close Of Escrow,Seller may engage in the following acts. (`Proposed Changes'), subject to Buyers rights in paragraph 15B (t) rent or lease any part of the premises; (11)alter, modify or extend any existing rental or lease agreement: (III)enter into, alter,modify or extend any service contracl(s),or(lv)change the status of the condition of the Property B. At least 7(or _)Days prior to any Proposed Changes. Seller shall give written notice to Buyer of such Proposed Changes. Within 5 (or ) Days After receipt of such notice, Buyer, in writing, may give Seller notice of Buyer's objeclion to the Proposed Changes, in which case Seller shall not make the Proposed Changes. 16.CONDITION OF PROPERTY: Unless otherwise agreed in wrlting�(1)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: (11)the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and(III)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 19A, DISCLOSE KNOWN MATERIAL FACTS AND DE=FECTS affecting the Property including known insurance claims within the past five years, and matte any and all other disclosures required by taw. B. Buyer has the right to conduct Buyer investigations of the property and, as specified in paragraph 198, based upon information discovered in those investigations: (i)cancel this Agreement;or(ii)request that Seller make Repairs or take other action. C. Buyer Is strongly advised to conduct Investlgations of the entire Property in order to determine its present condition. Seller may not be aware of all defects affecting the Prop"or other factors that Buyer considers Important.Property Improvements may not be built according to code,in compliance with current Law,or have had pent)€ts issued. 17. BUYER'S 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 198.Within the time specified in paragraph 136(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, the right to- (1) inspect for lead-based paint and other lead-based paint hazards. (11) inspect for wood destroying pests and organisms. (Ill) review the registered sex offender database. (Iv) confirm the insurability of Buyer and the Property. and (v) satisfy Buyer as to any matter specified in the attached Buyer's inspection Advisory,(C-A.R. Form BIA).Without Seller's prior written consent. Buyer shall neither make nor cause to be made- (i}invasive or destructive Buyer Investigations except for minimally invasive testing, or (ii)inspections by any governmental building or zoning inspector or government employee. unless required by Law. B. Seller shall make the Property available for all Buyer Investigations. Buyer shall (1) as specified in paragraph 19B, complete Buyer investigations and, either remove the contingency or cancel this Agreement, and (II) give Seller, at no cost, complete Copies of all Investigation repans obtained by Buyer,which obligation shall survive the termination of this Agreement.. C. Buyer indemnity and Seiler protection for entry upon property: Buyer shall: (1)keep the Property free and clear of liens; (li)repair all damage arising from Buyer Investigations: and (111)indemnify and hold Seller harmless from all resulting liability, claims, demands. damages and costs of Buyer's investigations. Buyer shall carry,or Buyer shall require anyone acting on Buyer's behalf to carry,policies of liability, workers' compensation and other applicable insurance, defending and ,protecting Seller from liability 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. Seller is advised that certain protections may be afforded Seller by recording a "Notice of Non-responsibility- (C.A,R 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 Or cancellation of this Agreement and Close Of Escrow. D. BUYER IS STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY AND ALL MATTERS AFFECTING THE VALUE:OR DESIRABILITY OF THE PROPERTY, INCLUDING BUT NOT LIMITED TO, THE ITEMS SPE=CIFIED BELOW. IF BUYER DOES NOT EXERCISE THESE RIGHTS, BUYER IS ACTING AGAINST THE ADVICE OF BROKERS. BUYER UNDERSTANDS THAT ALTHOUGH CONDITIONS ARE OFTEN DIFFICULT TO LOCATE AND DISCOVER, ALL REAL PROPERTY CONTAINS CONDITIONS THAT ARE NOT READILY APPARENT AND THAT MAY AFFECT THE VALUE OR DESIRABILITY OF THE PROPERTY. BUYER AND SELLER ARE AWARE THAT BROKERS DO NOT GUARANTEE, AND IN NO WAY ASSUME RESPONSIBILITY FOR, THE CONDITION OF THE PROPERTY, BROKERS HAVE NOT AND WILL NOT VERIFY ANY OF THE ITEMS iN THiS PARAGRAPH 17,UNLESS OTHERWISE AGREED iN WRITiNG. E. SIZE, LINES,ACCESS AND BOUNDARIES, Lot size, property lines, legal or physical access and boundaries including features of the Property shared in common with adjoining landowners, such as walls, fences, roads and driveways, whose use or responsibility for maintenance may have an effect on the Property and any encroachments, easements or similar matters that may affect the Property. (Fences, hedges, walls and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. Property lines may be verified by survey.)(Unless otherwise specified in writing, any numerical statements by Brokers regarding lot size are APPROXIMATIONS ONLY,which have not been and will not be verified,and should not be relied upon by Buyer.) F. ,ZONING AND LAND USE: Past, present, or ,proposed laws, ordinances, referendums, initiatives, votes, applications and permits affecting the current use of the Property, future development. zoning, building, size, governmental permits and inspections.Any zoning violations. non-conforming uses, or violations of"setback" requirements. (Buyer should also investigate whether these matters affect Buyer's intended use of the Properly.) G. UTILITIES AND SERVICES:Availability. costs,restrictions and location of utilities and services, including but not limited to, sewerage, sanilation aptic and leach lines,water,electricity,gas.telephone,cable TV and drainage. Buyers Initials ' Sellers Initials VLPA REVISED 12118(PAGE S OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 5 OF 11) •^� Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoai corn 283 N Mein St nncuRinn Fn—Inno In 1Fr`ARCSR_aoFr`_ArQ1 Qr=f-ronn0ncr0AA7 DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 Property Address: 283 N Main fit Lake Elsinore Ca 925-70 Date: May 6, 2019 H. ENViRONMONTAL 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, including mold (airbome, toxic or otherwise), fungus or similar contaminant.materials,products or conditions. 1. GEOLOGIC CONDITIONS: Geologic/seismic conditions, soil and terrain stability, suitability and drainage Including any slippage. sliding. flooding.drainage,grading, rift(compacted or otherwise),or rather soil problems. J. NATURAL HAZARD ZONE: Special Flood Hazard Areas, Potential Flooding (inundation)Areas. Very High Fire Hazard Zones, State Fire Responsibility Areas. Earthquake Fault Zones, Seismic Hazard Zones,or any other zone for which disclosure is required by Law_ K. PROPERTY DAMAGE: Major damage to the Property or any of the structures or non-structural systems and components and any personal property included in the sale from fire,earthquake.floods, landslides or other causes. L. NEIGHBORHOOD, AREA AND PROPERTY CONDITIONS: Neighborhood or area conditions, including Agricultural Use Restrictions pursuant to the Williamson Act(Government Code §§51200-51295), Right To Farm Laws (Civil Code §3482.5 and §3482.6).schoots, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders. fire protection, other government services. availability, adequacy and cost of any speed-wired,wireless interest connections or other telecommunications or other technology services and installations. proximity to commercial, 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• abandoned mining operations on the Property, 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 governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures andlor religions, and personal needs,requirements and preferences of Buyer M. COMMON INTEREST SUBDIVISIONS: OWNER ASSOCIATIONS: Facilities and condition of common areas(facilities such as pools. tennis courts,walkways.or other areas co-owned in undivided interest with others),Owners'Association that has any authority over the subject property, CC&Rs. or other deed restrictions or obligations, and possible lack of compliance with any Owners' Association requirements. N. SPECIAL TAX: Any local agencies that levy a special tax on the Property pursuant to the Mello-Roos Community Facilities Act or Improvement Bond Act of 1915. O. RENTAL PROPERTY RESTRICTIONS:Some cities and counties impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants and the right of a landlord to terminate a tenancy. P. MANUFACTURED HOME PLACEMENT:Conditions that may affect the ability to place and use a manufactured home on the Property. 18.TITLE AND VESTING: A. Within the lime specified in paragraph 19. Buyer shall be provided a current preliminary title report("Preliminary Report').The Preliminary Report is only an offer by the litfe insurer to Issue a policy of title insurance and 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 198.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 (REOs), corporations, and government entities.Seller shall 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 (1)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 (it) those matters which Seller has agreed to remove in writing. C. Within the time specified in paragraph 19A, Seller has a duty to disclose to Buyer all matters known to Seller affecting title,whether of record or not. D. At Close Of Escrow. Buyer shall receive a grant deed conveying title (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. E. Buyer shall receive a "CLTNALTA Homeowners Policy of Title Insurance', if applicable to the type of properly and buyer. A title company, at Buyers request. can provide information about the availability, desirability, coverage, and cost of various title insurance coverages and endorsements. If Buyer desires title coverage other than that required by this paragraph Buyer shall instruct Escrow Holder in writing and shall pay any increase in cost. 19.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 Guyer all Reports, disclosures and information for which Seller is responsible under paragraphs 3M, 7A, 8, 9. 12A• 8, and E, 13, 16A and 18A, Buyer after first Delivering to Seller a Notice to Seller to Perform(C.A.R. Form NSP)may cancel this Agreement if Seller has not Delivered the items within the time specified. S. (1) BUYER HAS: 17(or )Days After Acceptance.unless otherwise agreed in writing,to: (i) complete all Buyer Investigations, review all disclosures, reports. and other applicable information, which Buyer receives from Seller, and approve ail matters affecting the Property; and (11) Deliver to Seller Signed Copies of Statutory Disclosures and other disclosures Delivered by Seller in accordance with paragraph 12A (2) Within the time specified in paragraph 198(1)• Buyer may request that Seller make repairs or take any other action regarding the Property(C.A.R. Form RR) Seller has no obligation to agree to or respond to(C.A.R. Form RRRR)Buyer's requests. (3) By the end of the time specified in paragraph 19)3(1) (or as otherwise specified in this Agreement), Buyer shall Deliver to Seller removal of the applicable contingency or cancellation(C.A.R.Form C 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 19A•then Buyer has 6(or ) Days After Delivery of any such items,or the time specified in paragraph 198(1).whichever is later to Deliver to Seller a removal of the applicgbie contingency or cancellation of this Agreement. Buyers Initials( _ 1� ( 1 Seller`s Initials f { _ } VLPA REVISED 12118 (PAGE:6 OF 11) _ VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 6 OF 11) ' Produced with zipForrn®by zipLogix 18070 Fifteen Mile Road,Frow,Michigan 48028 yoftzioLoaLx corn 283 N Main St v u ,y„—--upu— ov— LJU-JGG -YJD i-oJuk -uD`JUy'4rpom i/ DocuSign Envelope ID:09F8FD09-FAF84F92-A49A-195EAB564638 Property Address: 283 N Main St-Lake Elsinore, Ca 92530 Date: May 6,Yt719 (4) Continuation of Contingency: Even after the end of the time specified in paragraph 1913(1) and before Seller cancels, ff at all, pursuant to paragraph 19C, 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 19C(1). C. SELLER RIGHT TO CANCEL: (1) Seller right to Cancel; Buyer Contingencies: If, by the time specified in this Agreement, Buyer does not Deliver to Seller a removal of the applicable contingency or cancellation of this Agreement,then Seller, after first Delivering to Buyer a Notice to Buyer to Perform (C.A.R. Form NBP), may cancel this Agreement. In such event, Seller shall authorize the return of Buyer's deposit, except for fees incurred by Buyer (2) Seller right to Cancels 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): (€) Deposit funds as required by paragraph 3A or 38 or if the funds deposited pursuant to paragraph 3A or 3B are not good when deposited; (11) Deliver a notice of PHA or VA costs or terms as required by paragraph 30(3) (C.A.R. Form FVA): (ill) Deliver a letter as required by paragraph 3J(1); ((v) Deliver verification as required by paragraph 3C or 3H or if Seller reasonably disapproves of the verification provided by paragraph 3C or 31-1; (v)Return Statutory Disclosures as required by paragraph 12A, or(v1)Sign or initial a separate liquidated damages form for an increased deposit as required by paragraphs 313 and 278;or(vii)Provide evidence of authority to sign in a representative capacity as specified in paragraph 19.In such event,Seller shall authorize the return of Buyer's deposit,except for fees incurred by Buyer D. NOTICE TO BUYER OR SELLER TO PERFORM: The NBP or NSP shall (1) be in writing; (11) be signed by the applicable Buyer or Seller; and (€11)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 Delivered any earlier than 2 Days Prior to the expiration of the applicable time for the other Party to remove a contingency or cancel this Agreement or meet an obligation specified in paragraph 19, E. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes, in writing, any contingency or cancellation rights, unless otherwise specified in writing, Buyer shall conclusively be deemed to have-(1)completed all Buyer investigations, and review of reports and other applicable mformation and disclosures pertaining to that contingency or cancellation right, (II) elected to proceed with the transaction, and (iii) assumed all liability, responsibility and expense for Repairs or corrections pertaining to that contingency or cancellation right,or for the inability to obtain financing. F. CLOSE OF ESCROW: Before Buyer or Seller 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(C.A.R. Form DCE). The OCE shall (1) be signed by the applicable Buyer or Seller.and(11)give the other Party at least 3(or I Days After Delivery to close escrow. A DCE may not be Delivered any earlier than 3 Days Prior to the scheduled close of escrow. G. 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 casts 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 fails to execute mutual instructions to cancel escrow, one Party may make a written demand to Escrow Holder for the deposit(C.A.R. 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 aloes not object to [lie demand, Escrow Holder shall disburse the deposit to the Party making the demand. If Escrow Holder complies with the preceding process each Party shall be deemed to have released Escrow Holder from any and all claims or liability related to the disbursal of the deposit. Escrow Holder, at its discretion, may nonetheless require mutual cancellation instructions. A Party may be subject to a civil penalty of up to $1,(100 for refusal to sign cancellation instructions If no good faith dispute exists as to who Is entitled to the deposited funds(Civil Code§1067.3). 20.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 (he work complies with applicable Law, including governmental 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: (1) obtain invoices and paid receipts for Repairs performed by others; (11) prepare a written statement indicating the Repairs performed by Seller and the date of such Repairs: and (111)provide Copies of invoices and paid receipts and statements to Buyer prior to final verification of condition. 21.FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final verification of the Properly within S(or �)Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm (1)the Property is maintained pursuant to paragraph 16; (11)Repairs have been completed as agreed; and(ill)Seller has complied with Seller's other obligations under this Agreement(C.A.R. Form VP). 22. ENViRONMENTAL HAZARD CONSULTATION: Buyer and Seller acknowledge: (1) Federa(. state, and local legislation impose liability upon existing and former owners and users of real property, in applicable situations, for certain legislatively defined, environmentally hazardous substances,(ill Broker(s)has/have made no representation concerning the applicability of any such Law to this transaction or to Buyer or to Seller, except as Otherwise indicated in this Agreement, (Ili) Broker(s) has/have made no representation concerning the existence, testing,discovery, location and evaluation of/for. and risks posed by, environmentally hazardous substances, if any, located on or potentially affecting the Properly and(Iv) Buyer and Seller are each advised to consult with technical and legal experts concerning the existence testing, discovery, location and evaluation of/for, and risks posed by, environmentally hazardous substances, if any, located on or potentially affecting the Property. Buyer's Initials( - )t I Seller's Initials VLPA REVISED 12118(PAGE 7 OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 7 OF 11) Produced with zip Form®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zioLoaix.com 263 N Main St • � Y ••••••�•+..i. �...+ Vc�v�VV,-UVJ V-U VJV JYI JU/Y 11 DocuSign Envelo a ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 1 1 VFV1 r%UU1vaa. co*ry main ar.Lathe trslnOrlB, Ga 92530_ _ Date:MAY 6, 2019 23.PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed in writing, the following 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 assessments that are now a lien. 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 lien but not yet due. Property will be reassessed upon change of ownership.Any supplemental tax bills shall be paid as follows: (1) for periods after Close Of Escrow, by Buyer; and (II) for periods prior to Close Of Escrow, by Seller(see C.A.R 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. 24.BROKERS: A. COMPENSATION: Seller or Buyer, or both, as applicable, agrees 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 m the agreement between Broker and that Seller or Buyer. B. SCOPE OF DUTY: Buyer and Seller acknowledge and agree that Broker: (1) Does not decide what once Buyer should pay or Seller should accept; (11) Does not guarantee the condition of the Property; (lit) 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 visually 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 concerning the title or use of Property; (vii) Shall not be responsible for identifying the location of boundary lines or other items affecting title: (vlll) 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; (lx) 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 Seiler. 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 Seller agree to seek legal, tax, insurance. title and other desired assistance from appropriate professionals. 25. REPRESENTATIVE CAPACITY: If one or more Parties is signing the Agreement in a representative capacity and not for himlherself as an individual then that Party shall so indicate in paragraph 37 or 38 and attach a Representative Capacity Signature Disclosure (C.A.R, Form RCSD). Wherever the signature or initials of the representative identified in the RCSD appear on the 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(ii)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 attomey, corporate resolution,or formation documents of the business entity). 26.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, 48, 5. 6, 7A. 8, 9, 12B, 18, 19G, 23, 24A. 25, 26. 32, 35. 36. 37, 38 and paragraph D of the section titled Real Estate Brokers on page 11. If a Copy of the separate compensation agreement(s)provided for in paragraph 24A,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 agreement(s) 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 will execute such provisions within the time specified in paragraph 9B(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 9, 12 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 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 Seller. If Seller delivers an affidawl to Escrow Holder to satisfy Setter's FiRPTA obligation under paragraph 128, Escrow Holder shall deliver to Buyer a Qualified Substitute statement that complies with federal Law. C. Brokers are a party to the escrow for the sole purpose of compensation pursuant to paragraph 24A and paragraph D of the section titled Real Estate Brokers on page 11. Buyer and Seller irrevocably assign to Brokers compensation specified in paragraph 24A, 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 Seller shall release and hold harmless Escrow Holder from any liability resulting from Escrow Holders 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 38. Once Escrow Holder becomes aware of any of the following. Escrow Holder shalt immediately notify alt Brokers: (1)if Buyer's initial or any additional deposit is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder, or(it)if Buyer and Seller instruct Escrow Holder to cancel escrow Buyer's Initials( JS ( ) Sellers Initials( ) VLPA REVISED 12/18(PAGE 8 OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 8 OF 11) Produced wish zipForm®by zipLoga 18070 Fr9een Mile Road,Fraser,Michigan 48026 www.zioLoom corn 283 N Main St DocuSian Envelope ID:35CAFE5B-32EC-45B1-855C-CB9D94F5BA17 DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 Property Address: 283 N Main St, Lake Elsinore, Ca 92530 Date:May 6 2019 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. 27.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 shall be deemed invalid unless the clause independently satisfies the statutory liquidated damages requirements set forth in the Civil Code. B. LIQUIDATED DAMAGES:ff Buyer fails to complete this purchase because of Buyer's default,Seller shall retain,as liquidated damages,the deposit actually paid.Buyer and Seller agree that this amount is a reasonable sum given that it is impractical or extremely difficult to establish the amount of damages that would actually be suffered by Seller in the event Buyerwere to breach this Agreement.Release of funds will require mutual,Signed release Instr uctions from both Buyer and Seller,judicial decision or arbitration award.AT TIME OF ANY INCREASED DEPOSIT BUYER AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION INCORPORATING THE INCREASED DEPOSIT AS LIQUIDATED DAMAGES(CA.R.FORM RID). Buyers Initials �S / Seller's Initials 28.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 C.A.R_ Consumer Mediation Center (www, consumermediation.org) or through any other mediation provider or service mutually agreed to by the Parties. The Parties also agree t4 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 this paragraph applies, any Party (i) 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 INITIALED. Exclusions from this mediation agreement are specified in paragraph 28C. 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 attorney with at least 5 years of transactional 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 51283.05.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 arbitrator(s) 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 28C. "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 GMNG 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 AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE'AR61TRAT10N OF DISPUTES'PROVISION TO NEUTRAL ARBITRATION." Buyer's Initials ! i' 1 Seller's Initials t14 " C. ADDITIONAL MEDIATION AND ARBITRATION TERMS: (1) EXCLUSIONS: The following matters are excluded from mediation and arbitration: (1) 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 Civil Code §2985; (ii)an unlawful detainer action; and (iii) any matter that is within the jurisdiction of a probate,small claims or bankruptcy court. (2) PRESERVATION OF ACTIONS: The following shall not constitute a waiver nor violation of the mediation and arbitration provisions: (1) the tiling of a court action to preserve a statute of limitations; (ill the filing of a court action to enable the recording of a notice of pending action,for order of attachment, receivership, injunction, or other provisional remedies;or(ill)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 the Agreement. 29.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, Seller or other person. Buyer and Seller may select ANY Providers t7r their own C using, Buyer's Initials{ )S [ I Seller's Initials I a VLPA REVISED 12f18(PAGE 9 OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 9 OF 11) Produced wah zipForm®by zipLogix 18070 Fifteen Mile Road Fraser,Michigan 48026 ,v+vw zmLOr ..cnm. 283 N Main St DocuSign Envelope ID:09F8FD09-FAF84F92-A49A-195EAB564638 rr main Jr, ►-axa e►s►nore c:a 925337 Date Nfay_5, 20'1 9 30.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. 31.ATTORNEY FEES: In any action, proceeding,or arbitration between Buyer and Seller arising out of this Agreement, the prevailing Buyer or Seller shall be entitled to reasonable attorneys fees and costs from the non-prevailing Buyer or Seller, except as provided in paragraph 28A. 32.ASSIGNMENT.Buyer shall not assign all or any part of Buyers interest in this Agreement without first having obtained the written consent of Seller. Such consent shall not be unreasonably withheld unless otherwise agreed in writing. Any total or partial assignment shall not relieve Buyer of Buyers obligations pursuant to this Agreement unless otherwise agreed in writing by Seller(C.A.R.Form AOAA). 33.EQUAL HOUSING OPPORTUNITY;The Property is sold in compliance with federal,state and local anti-discrimination Laws. 34.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 counteroffer or addendum, if at 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. Buyer has read and acknowledges receipt of a Copy of the offer and agrees 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,ail of which shall constitute one and the same writing. 35.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 full 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 in writing Signed by Buyer and Seller. 36,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 personally received by the other Party or that Party's authorized agent in accordance with the terms of this offer or a final counter offer. 8. "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.Farm"means the most current version of the specific form referenced or another comparable form agreed to by the parties. D. "Close Of Escrow"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,facsimile 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 clays before the occurrence of the event specified, not counting the calendar date on which the specified event is scheduled to occur. L "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 pager 1, 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 California 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" meads 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 handwritten or electronic signature on an original document,Copy or any counterpart. 37.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 Jessica small Re/Max Re ist who is authorized to receive it, by 5:40 PM on the third Day after this offer is signed by Buyer (or by l AMI i`,Pm on (date)), one or more Buyers is signing the Agreement in a representative capacity and not for him/herself as an individual. See attached Representative Capacity Signature Disclosure(C.A.R. Form RCSD-B)for additional terms. Date BUYER 3,�si" (Print name)UtX of Lake Elsinore Date BUYER (Print name) []Additional Signature Addendum attached(C.A.R. Form ASA). VLPA REVISED 12118(PAGE 10 OF 11) Seller's Initials( ( 1 VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 10 OF 11) Produced with zipForm®by zipLogoc 18070 Fifteen Mile Road,Fraoer,Michigan 48026 .x" ,z=�4 = 283 N Main Sf vocuaign tnveiope IU:3tiU AI-tSti-,i ZLU-45ti1-855L:-Gt39U94F5E3A17 DocuSign Envelope ID:179F8FD09-FAF8-4F92-A49A-195EAB564638 Property Address: 283 N Maur$t Lake Elsinore Ca 97530 Date:May 6 7019 38.ACCEPTANCE OF OFFER: Seller warrants that Seller is the owner of the Property, or has the authority to execute this Agreement. Seller accepts the above offer and agrees to sell the Property on the above terms and conditions, and agrees to the agave confirmation of agency relationships. Seller has read and acknowledges receipt of a Copy of this Agreement, and authorizes Broker to Deliver a Signed Copy to Buyer. [�(If checked)SF�1 2'S ACCEPTANCE IS SUBJECT TO ATTACHED COUNTER OFFER(C.A.R.Form SCO or SMCO)DATED: ❑ One or more Sellers is signing the Agreement in a representative capacity and not for him/herself as an individual. See attached Reprepn tive Capacity Signature Disclosure(C.A.R.Form RCSD-S)for additional terms. Date 'o SELLER (Prinf am )Bel'arneda Management_ Date SELLER (Print name) The Chan Jae Chunq and n ra I Ivim rust V []Additional Signature Addendum attached(C.A.R. F ASA). (Do not initial If making a dounter offer.)CONFIRMATION OF ACCEPTANCE,A Copy of Signed Acceptance was (Initials) �ersonall received by Buyer or Buyer's authorized agent on(date) at AM/ _PM. A binding Agreement is created when a Copy of Signed Acceptance is personally received by Buyer or Buyer's authorized argent 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. If specified in paragraph 3A(2).Agent who submitted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING(BUYER'S)BROKER COMPENSATION: Seller's Broker agrees to pay Buyers Broker and Buyer's Broker agrees to accept, out of Seller's Broker's proceeds in escrow,the amount specified in the MLS, provided Buyers Broker is a Participant of the MLS in which the Property is offered for sale or a reciprocal MLS. If Seller's Broker and Buyer's Broker are not both Participants of the MLS,or a reciprocal MLS, in which the Property is offered for sale,there compensation roust be specified in a separate written agreement(C.A.R. Form C13C). Declaration of License and Tax(C.A.R. Farm DLT)may be used to document that tax reporting will be required or that an exemption exists. E. PRESENTATION OF OFFER: Pursuant to Standard of Practice 1-7, if Buyer's Broker makes a written request, Seller's Broker shall confirm in writing that this offer has been presented to Seller. Buyee-%Jkpkerage Firm Remax Regsifry _ DRE Lie.#� 7 QYI - Jessica Small DRE Lie.#01361340 Date By ;�x..�. DRE Lie.# Date Address 43920 Margarita Rd. Suite H _ City Temecula State Ca Zip 92592 Telephone _ E-mail jessicasmalMremaxre 1st .coma _ Seller's Brokerage Firm Realt enter, nc. DRE Lic.#01403449 By I I I i Evereff Manfredi DRE Lie.#00588379 Date , - —I �r _ BY I W DRE Lie.# Date S 7 - l -; Address 39460 Medina Ct CityMurriefe State CA Zip 92562 Telephone f951)674-6814 Fax E-mail everettmentredi(a yahoo,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 ❑Sellers Statement of Information and , and agrees to ad as Escrow Holder subject to paragraph 26 of this Agreement, any supplemental escrow instructions and the terms of Escrow Holders general provisions. Escrow Holder is advised that the date of Confirmation of Acceptance of the Agreement as between Buyer and Seller is _ Escrow Holder Escrow# _ By Date Address PhonelFax/E-mail - Escrow Holder has the following license number# J Department of Business Oversight,❑Department of Insurance, Department of Real Estate. PRESENTATION OF OFFER:( )Sellers Broker presented this offer to Seller on (date). Broker or Designee initials -- REJECTION OF OFFER:L_���No counter offer is being made.This offer was rejected by Seller on (date). Seller's Initials X1996.201 a,California ASSoctatlon of REALTORS&Inc,United States copyright law(Tilfe 17 U.S.Code)forbids the unauthonzed dlstnbution.display and reproduction of this farm.or any portion lhereof by photocopy machine or any other means_including facsimile or computerized formats THIS FORlA HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORSO(C.A.R.).NO REPRESENTATtON fS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION.A REAL ESTATE BROKER IS THE PERSON OUALrFIED TO ADVISE ON REAL ESTATE TRANSACTtONS,IF YOU DESIRE LEGAL OR TAX ADVICE CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed BUSINESS by: Buyer's Acknarvledg@ fS page i 1 is part of REAL ESTATE BUSINESS SERVICES,INC. this AgreemrnE( fl .)`Z a subsidiary o/the CALIFORNIA ASSOCIATION OF REALTORS® e525 South Virgil Avenue,Loa Angeles California 90020 m o„ VLPA REVISED 12/18(PAGE 11 00 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 11 OF 11) Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 yp�y,,uptggjx,pagy 283 N Mein Sr DocuSlgn Envelope ID:35CAFE5B-32EC-4581-855C-CB9D94F5BA17 DocuSign Envelope ID:09FBFD09-FAF8-4F92-A49A-195EAB564638 4 C A L I F O R N I A BUYER'S VACANT LAND ADDITIONAL INSPECTION ASSOCIATION ADVISORY OF R E A L T O R S'�' (C.A.R.Form BVLIA,11/13) Property Address:283 N Main St, Lake Elsinore Ca 92530 ("Property"). A. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchased is not guaranteed by either Seller or Brokers. For this reason, you should conduct thorough investigations of the Property personally and with professionals who should provide written reports of their investigations. 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 investigations. Additionally, some inspections, such as those listed below, may be of particular importance when purchasing vacant land.. 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 the investigation and verification of information and fads that You know or that are within your diligent attention and observation. The purchase agreement gives you the right to investigate the Property. If you exercise this right, and you should, you must do so in accordance with the terms of that agreement. This is the best way for you to protect yourself, It is extremely important for you to read all written reports provided by professionals and to discuss the results of inspections with the professional who conducted the inspection. You have the right to request that Seller make repairs, corrections or take other action based upon items discovered in your investigations or disclosed by Seller. If Seller is unwilling or unable to satisfy your requests, or you do not want to purchase the Property in its disclosed and discovered condition, you have the right to cancel the agreement if you act within specific time periods. If you do not cancel the agreement in a timely and proper manner, YOU may be in breach of contract, C. SELLER RIGHTS AND DUTIES: Seller is required to disclose to you material facts known to him/her that affect the value or desirability of the Property. However, Seller may not be aware of some Property defects or conditions. Seller does not have an obligation to inspect the Property for your benefit nor is Seller obligated to repair, correct or otherwise cure known defects that are disclosed to you or previously unknown defects that are discovered by you or your inspectors during escrow.The purchase agreement obligates Seller to make the Prol ltd available to you for investigations. D. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as soil stability, geologic or environmental conditions, hazardous or illegal controlled substances, structural conditions of the foundation or other improvements, or the condition of the roof, plumbing, heating, air conditioning, electrical, sewer, septic, waste disposal, or other system, The only way to accurately determine the condition of the Property is through an inspection by an appropriate professional selected by you. If Broker gives you referrals to such professionals, Broker does not guarantee their performance. You may select any professional of your choosing. if you have entered into a written agreement with a Broker, the specific terms of that agreement will determine the nature and extent of that Broker's duty to you. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY.IF YOU DO NOT DO SO,YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. E. YOU ARE ADVISED TO CONDUCT INVESTIGATIONS OF THE ENTIRE PROPERTY, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING: 1. FINANCE: Financing the purchase of vacant land finance and especially financing construction loans for the improvement of vacant land can provide particular challenges, including subordination agreements and insurance requirements. Buyer is advised to seek the assistance of reputable lenders in assistance with their decisions regarding financing of the property. 2. CONSTRUCTION COSTS: If Buyer is contemplating building improvements on the property, Buyer is advised that they will have to contact directly any contractors, service providers, suppliers, architects, utility companies regarding the costs of improvements.Buyer is advised to get written bids from all such persons regarding their decision to develop the property. 3. UTILITIES: Unimproved property may or may not have utilities available to the property. Buyer(s) is advised to obtain information from the public or private utility provider about the availability and cost of providing utilities to the property and whether necessary easements are in place to allow such utilities to the property. 4. ENVIRONMENTAL SURVEY: Unimproved land may have had or may have hazardous materials stored upon or under the land or been used by persons engaged in activities exposing the land to hazardous materials. The land may also be host to protected vegetation or animal life. Buyer(s) is advised to satisfy themselves as what hazards or protected plant or animal life are on the property and what impact they may have on Buyer's future plans for the property by seeking the help of a qualified professional. / Buyer's Initials 1S ( ) Sellers Initials ©2013,California Association of REALTORS®,Inc. BVLIA 11113(PAGE 1 OF 2) BUYER'S VACANT LAND ADDITIONAL INSPECTION ADVISORY BVLIA PAGE 1 OF 2 Re/Max Registry,43920 Margarita Road Suite p H remecula CA 92592 Phone 9517572112 Fax:966.699- imin Small Produced with zi FormS b zi L 9301 283 N Main St p y p ogix '8070 Fitleen Mile Road,Freaer Michigan 48026 gay;�j ggu.eagl uocuaign tnvelope 111:35UArtbtt-3LtU-45131-8550-CB9D94F5BA17 DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 Property Address: 283 N Main St Lake Elsinore Ca 92530 Date:A pril 15 2019 5. NATURAL HAZARDS REPORTS: Buyer(s) is advised that while certain disclosures are required by state, federal and local laws, hazard disclosure companies can provide additional disclosures for both natural and man-made hazards or nuisances for a cost. Buyer is advised to seek the advice of a natural hazards reporting company regarding additional reports and disclosures that buyer may wish to obtain. 6. SUBDIVISION OF THE PROPERTY: If Buyers plans include future subdivision of the property (whether under the Subdivision Map Act of the Subdivided Lands Law) multiple, complex issues regarding city, county, state, and federal laws may be presented. Buyer is strongly advised to seek the advice of California legal counsel familiar with federal, state and local subdivision requirements. Buyer and Seller acknowledge and agree that Broker: (1) Does not decide 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 visually 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 concerning the tifle or use of Property; (vii) Shall not be responsible for identifying the location of boundary lines or other items affecting tide; (viii) 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 providing legal or tax advice regarding any aspect of a transaction entered into by Buyer or Seller; and (x) 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 Seller agree to seek legal,tax, insurance,title and other desired assistance from appropriate professionals. By signing below, Buyer and Seller each acknowledge that they have read, understand, accept and have received a Copy of this Advisory. Buyer is Y ncouraged to read it carefully. SELLER ' Date Be/amede age ant SELLER Date _ The Chan Jae Chung and Hyung Ok Chung Living Trust BUYER Six• Date 5/8/2019 L`ryJ`&YT:ake Efsinaro - - BUYER Date O 2013.Calihxnta Association of REALTORSO,Inc.United Slates copyright iaw Crde 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(C.A.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 fora Is made aysiiabae to reel estate professionals through an agreement with or purchase from the Calrfomia Association of REALTORSO.It is not Intended to ideniry the user as a REALTORS.REALTORS is a registered collective membershlp mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORSM who subscribe to its Code of Ethics. Published and Distributed by: REAL ESTATE BUSINESS SERVICES,INC. a subsidiary of the CaMmia Association of REAL TORSO „ 525 South Virgil Avenue,Los Angeles,California 90020 BVLIA 11113(PAGE 2 OF 2) BUYER'S VACANT LAND ADDITIONAL INSPECTION ADVISORY(BVLIA PAGE 2 OF 2) ri M Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser Michigan 48026 www.zioLoj3ix.com 283 N Main St DocuSign Envelope ID:09FBFD09-FAF8-4F92-A49A-195EAB564638 May. 9. 2019 1; 11IM U. 0647 P. 5 A C A L I F O It Nil A VACANT LAND PURCHASE AGREEMENT A S S"kE A L TCRS�' T R ON V t7.F AB AND JOINT ESCROW INSTRUCTIONS (C.A.R.Form VLPAt,Ravlesd 12f1B) Date Prepared: Mfay 6,Zd�� 1. OFFER: A. THIS IS AN OFFE#i FROM Cit y of LAka ElsMora {"4iuyRr"y, S. THE REAL PRC7PFFt1Y to fie acqurirgid Is 283 rtkl! .shMed In .L.{a+{afsslrtvyra (C■lfy}, / Rfvrnlob {/yty�a/unyty+)�.C�/A�Ofuryril3r, Fl3yJ�G' (2y1p C+nda).,Atsa.a;}sor+a Parcel yhfia. 71$3�fi44 Frtrther "rib-id As fo fir 4j&A lT�Jam!7463[11�r V��F C, THE PURCHASE PRICE offored Is Fume Htt►rdnr g Elahty Flyg rhv_Usand _ tivflars 686 00± D. cloar OF ESCFkOW eh91f occur nr> (data)(or ,40_ Gaya�t er Acceptance E. Buyer rind Slatler are referred 10 herein at the"Parties."Brokers are not iPBrties to lhla Agreement. x. AGENCY: A. DISCLOSURE:Tho Partles each acknowledge hoceipt"of a Y"Dleolo4urs Regarding!Real Eats,Agency frleilltiortships" (C.A.R,Form AD). 13. CONFIRMA71ON:Tits fallowing agency MIAtlnnships are canflt0hed for aria tteIrmetion: SOW'*Brokerage FIrM Realf enter Inc Cfoeriae Number 07-0U34d9 In the broker of(shack t?rte} the nailer fir boot lh�r t7uyer snit better.(dudf agent) -" Seller's Agent Fverett Maraltdl License Number 405$9379 Is(aleck and): the Salle a Agent.(salesperson or broker assoclate) Ll bdth the Buyer's and Seller's Aqenl,(duel agent)— f3llyeYrs Brokerasrge Firm_ Rom Rfert5ltry License Number All67M is the broker of(check orle), the btryar.'or both the buyer and se)ler.(dual agent) Buyer a Agent Jessica SMQi t:ioenpe Number 0161140 is(check r�na): 010 Eluyears Agent,(salesM.son or broker aiSfitiGlatoJ bvi i the i3uyer`s and Seller's Agent, (dual apanl) C, POTENTIALLY COMPETING BUYERS AND SELLERS: The ratites each acknowfedga n9cafpt of a W"Possible Representation Of MOM thr.n One Buyer or Seger-Disclosure and Conoont"(C,A.R.Farm PRDS). & FINANCE TERMS:Buyer reprem.nts that funds will be good when deposited with Escrow Holder, A. INITIAL DEPOSIT:Deposit shall be in the amount of � (1) Bayer Direct Depneff: au er shell deliver depoafi dlrerctfy 14 Fscruw Holder by ells,*onto funds rreiiofR+, �cashier's ctreck (�var;4cxnrrl chests, [,)tither within 3 btisfness"darys a Met Acceplance(or _ OR f2)L3 Buyer Deposit with Agerlt: Buyer has g fven f e d4pa+i1 by pare rhor(or — } ) to the agent submitting the after(or to ),made payablB"to The deposit 3half be Braid uncashed usitft AoWtsm-a and then deppsfled with EsCf0w Holder r;ftftfn 33 .buslne"days after A lance (or Deposit shacks given to agent ahall be an original algned check and not a cafy, — (Note:Initial and Increased depoafts shacks recelv6d by agent shell he rnectrdad in Broiler`s trust fund 10g,) B. INCREASED DEPOSIT:Buyer shall ch7-posit wtth Eerxawv I°!alder An lnrxeased depaaf{in the amount of. , $ within Days Affvr Acceptance(or If thrt Parties agree to.l�gtrldglc d damages in Hit*Agreement, they allso agree to Incnrpnrnte the increased dopa,sft into the Ilquldated rtarnages amount in a saporale liquidated damages stausa(C.A.R,Forth RID) at the time the increiats od dapnsit(a defivdrrad to iFscrow Holder C. WAIL CASH OFFER; Nn lorin Is needed to ptlschase the Property. This dffgr Is NOT contingent urn Buyer oblWri ng a loan. Written verMcatfon of suftfef®rut funds to close (hie tranr.&Nlon IS ATTACHED to this offer or gtlyer shell,within 3(or�)bays.After Acreptance,Deliver to Seller such verifrCmtlon, D. LOANJS): (1) FIRST LOAN.,In lho amount of. , ... ... This loan will be conventional flnenring OR ❑FHA, n VA, ❑Seller flnencing (C.A.R. Form SFA), ( essumod flhsfncing(C.A.R.Form AFA), 0subf act to financing, n Other . Title fnnn shall be at a fixed rats not to agreed %pr, U an adJublAible mitre loon with initial rate not to exceed _ _ %.Regardlesa of the type of loan, Bt[Ysr shAll pay pointa not to exciter! % of the loan Amo ml, -- (2)❑SHCOND LOAN In The amount of; . . .. . , This khan will be coiWenflvnal Fnandtig OR Ll Seftt flnericing (C.A.R. Form SFA), L]assumed financing(C,A,R.Form AFA), F1,subocf to firlarldng Olhor —�� Th#s loon shall bo at a fixed rate not to exceed %Or,11 an adjustable ratle loan with Infttaf rate not to exceed °da, Regardless of the type of loan,Guyer shall pay prriiute riot to exceed %of the loan amount. (3� FHAfVA: Fat Any FHA or VA loan 3gadfied In 30(t), Buyer h:rq 17 or f Days After�'ut efttterrcxs M INaguew to Seilerwsffmi notice(CA,A,Farm FVA)of any ietld*r-n9rfulrbd nwsmrs or costa thal Buyer requouts Se11er to pay f©r or otherwrrlse ootfw, Seller has no abligatlon to pay or aatfsfy lender wqufrerrrerrts unless Oqt . ng.A FNAIVA amemdetory clause(,'A.R,Form FVAG)Shan be a part of This tmmsadion, BuyeP9 inittata{ { ) 5ttlle 3 tnllla(ts f )(r ;if 1� �19gq-2a1a,rellfor dsealailrm dI RRALTi,7M r,rr: — --- VLPA REVISED 12118(PAGE 1 OF 11) ••• VACANT LAND PURCHASE AGREEMENT 111LPA PAGE t OF 11) awn,.kc rrra;�av3n nr.yrN.xo.tl 5w�h a rr T maoto fiA y rMna,ksrxss�I r z Y hex dbcr�a-salt of N M.re'ar k.rllar�nitl _-.-__ P�tq M,Rh rlpFnnH4 py 1'IplCr[u[ X8070�i7 mfr Mtk d�oxd.Frosu.Vlcl�y.n RIYf}'�q +ww.+l,a rriw e�y DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-1 95EAB564638 May, 9. 2019 7: l21M Vo, 0647 P. 6 vuvuolgn cnvempe lu;�cs�krtod•1Ytc-4btk1 ii9.bC �;dllUNgF3t3g17 Property Address: 783 H Mein Sit,L,a*e Elsfnora, Ce 92630 Date:Ray 20-ig E. API ITIONAL FINANCING TERMS: F. BALANCE QF i]p1tV PA ENT+C+I�7'UfiCHASE FRIC to the 8rn9unt,0f......... .....»...... $ 579,Q06.00 to be depostted.with Escrow Bolder pursuant to Escrow Holder insiructlons. G. PURCHASE PRICE(TOTAL):.. . .........,.. ,. ,,.,.,..,.... S G88,oda. � 11. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Buyer or B` is letnder or Irian broker u1'' { � pursuant is paragraph 3,1(1))sf7all,within 3(or __j Days After Aecepisnoe, 01911Ver 14 Seller wrINFin veriRrtttion of"i's down payment and dosing costa. (o Vterifrca lion attached.) 1. APPRA18AL CONTINGENCY AND REMOVAL. This Agreement Is (or is NOT) miltingent upon a viWan apprelaul of the Property by n liranrrrrd or oerktflorl Iappi'giser at no less than the purchase price. Buyer ghuall, as specAfted In paragraph 1$B(3), in wriling,remove file appralsal contingency or cancel Wit Agreement Mthin,17(or__)Days After Acceptance. .1, LOAN TERMS: f1) LOAN APPLICATIONS;Within 3(or � ) days After Acceptance,Buyer shell Deliver to Soifer a War from Iluyers lender or loam broker stating that, based on a review of 9uyeen written application and credit report, Buyer In praqunPlierl or preapproved for any NEW loon spoctfled In paragraph 3D, it any loan 8por.4Red In paragraph 30 Is an rarl)ustRble rate loan,the praquafifIcallon or proapproval l+eder shall be based can the quattfying rate,not lire Wto)loan rata, ( [ Letter sltached.) (2) LOAN CQIMNGENCY:131lyar shelf act diligently and In gout Wth to obtain the deatgnatad loan(s). Buyer`s quafificamn far the foan(s)specrfrad above Is a condtlg+woy of thus Agreement unless othafwtsei agreed in wrf8ng.If there Is no gppmlW Qonlingermy or (fie apprafsal wnUngoncy han been►valued or removed,then felfure of the Property fo appraise at the ptrra~t•rasce price does not an"e Buyer to axe Ilse the rancefilltlon rfpht pursuant to the loan contingency if RWer is otharwis,e quert{ffed for the npeditod loan.Buyer's contrarttaral obligations regarding depsasll,bainnee of down payment end elosfnq cosfR era net cortdnpeancles of tits Agreement (3) LOAN CONnNGISNCYREMOVAL: WYINn 21 (or _ )pays After Accepfance, Buyer shall, "specified In paragraph 1S, in writing,remove the loon coritfhgency nr cancel this Agreenrimt. If thrare Is an appraiwil contingency,remval of the loan conlingency shalt not hn diiemed ramoval of (he as praslsel contingency. (4)rj NO LOAN CONTINGENCY: 061att)ing any loan specified above In NOT a cwdrrprerrey of INS Agr'eernenl If BWe<r tines not Warn Ow teen and as a rowN Brayer drxrt root ISlirt ha"the Property,zeliler may be er ellad Iq Buyer's depos4 or+Ater legal remedies. (8) LENDER LIMITS ON BUYER CREDITS:Any rxedif in Buyer,ftm anV source,for closing or other rests that Is agreed to by the Porfles Montraactuai Credit') shall be disclosed to Buyer's iender. If tree 1,0141 cradil allowed by Buyer's lender ('Lender Alft7vrrrhla Credit') is loss tf7an the Contractual Crradtt, then (i) the contractual Credit shall be reduced to the]-"dot Allowable Credo, and (it) In tlto abiienrso of a separate written algreefinent between the/ Patties,there shsall.be no autornMic ndjusiment to the pure moo prlae to make Lip for the d4l'brence between rhea Contractual Credit and the Loader Allowable Crettlt. K. 9UYER STATED FINANCING; Seller fe relying on 8"YAv's r Was 8ntstfon of the? We of%an 0119 sperdfiert(Including but not limited In, as applicable, all (Mash, amount of down payment, or wiltingent or non-catrtingent loan). Seller has egraadd to d spectTuc closing date, purchaser price and to sup to Buyer in rellanne an Buyers covenant mileeming ffnarlding. Buyer shall Pursue IIIrr finenclnr3 specified In Oils Agreement. Seller hag no obligdtlo r to cooperate vAth Buyer's affihrts to oblain any financing other then that speclr'rod In the AgreamraW and the avaifabiltly of any such sffernate financing does;not excune Buyer from the oblfgsal.lon to purchase rile Property and close escrow as specified in thts Agrdmnnt. L. 6ELLER FINANCING.,The foliowlN terms for P`'�] m the towns spadRed fn the attached Siltfer f=inancing Addendum}(C.A.R.Form 8FA)apply ONLY to Rnancing ex;endlad by Seller kinder this Agres"ni. (1)BUYER-8 CREW: WDRTMJNESS; Buyer aurtharfxan Seller and/or Brokers to obtafn,at 8uyoes expense, A oripy of f3tryel's credit report. Wdhfn 7 (or ________..) Jays After Acceptance. Buyer shall provide any Supporting documentagon reasonably requested by.Sellar. (2)TERMS:Buyer's promissory rein,*.ad of trust and other doc urnents as Appmprlste strulf immrporrrte And Implement:the rollowing addKonof terms;(1)the maArnum Irrtareet rate apo(Aod In paragraph 3D shelf be then actual had Interest rate for Seiler Rtrstecing; p1) deed of trust shalt cOnteln g RE63UEST FOR NOTICE ill= DEFAULT an stsnlnr rrssans; (iii)Buyer shall sign and pay for a REQUEST FOR NOTICE OF DELINQUENCY prior to Close Of Escrow and et any Afte Urns If n*ryueglad by Soper,(t)rmte and deed of Dust stlall contain an aecelerraflon clause mafsirlg the ban due,Mien per aided by law and at Sellers option,upon the salt} or irensfor of tfte7 Properfq or any Inler(eat in if; (w)note eheff contaln a late charge of 6%of the inerryllment due(tar �) W the installment fo not reckOved within 10 days of the date(fury;jvtl He fnsuiancn overage in Me to"of a�olril protectlart poky shall b6o provided fnsu leg Seller's d"d of toast fnterost in the Prop" (any Introased cast over ownePs policy btiall be paid by 9vyw),and(v N)tax swrvire shell be obtained and pat for try 8werto nollly Seftrif property taxes have not t aen oWd. (3) ADDED, DELETED OR SUBSTITUTED BUYERS. The adrtiflon, deletion or subsliluiton of any person or entity tinder thfs Agreement Of to title prior to Close Of Rscrow shaft require Seller's written consent. S'akr may grant or withhold consent In Sellees sole dfscration.Amy additional or subetitutad piamon or entity shall, If requested by Seller.submit to Seller the same documentalion as required for the original named Buyer. Seller and/nr Rrokefs may Dblain a credlt report, at atryse, expense.on Any such person or entity. M. ASSUMED OR "SUBJECT TO" FINANCINO: Seller repnesanta th tt .Seller Is not delinquent On any payments due.on any loans, teller ghall, within the time specified in paragraph 19, provide Cop9e38 of all appifcable notes and deeds of trust,loan t7sianries end current Interest rates to Buyer. Buyer shell then, as !jpWfted in pantgraph 113(3(3), remove this carrtt"ey or Htryern.fnlrlely( l( l Stiles 101;%13( ,q t J F' . VLPA REVISED IW18(PAGE 2 OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGe 2 OF ti) vMuea1 tf`x aAFOemIC Ry�gl.+,p5r 19Y1i'9 rr7..n Mib Rfr9A rrnta.+k1 +�+d+Jt17A Whft 1jL2&&= 117 Y3rxfn SI DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May. 9. 2019 7: ?2PM N3, 0647 F. 7 �..,,.,..,d.•"•�w� �.we're k�.+-vati.ywda iw:r;�b-e,aaVtfwrocn•r.l Proparty,Addrolisc 283_N Main St LakeE Ca $21520 Date:may 171,A19 cancel thin rearrrent. tJilfarene ra between eRlImated and actual loan bslances aFall so 9-4justed at Close Or Escyow by rash downy payment. Impound accounts, if ally,shell be asslgrred and charged to Buyer and credited to Seller. Seflsr#s ddvlsed that Buyer's essumpllon of an d'XIMIng lode may not release Seller from flab+'tify an that Iran.If this Is an asaumptlun of a VA Loan. the sale Is contingent upora Seller being provided a refoaae of Ilabillty and substitution of eliglblli y, unless ntherurise ftreead In willing. If the Prop" is acquired subject to an existing loan, Mayer and Salfer are advised to consult with Ingral counRel regarding the ability of an exisling landar to call the loan due,and the consequences lhereor. 4. SALE OF BUY'ER'S PROPERTY, A. This Agreement and Buyer's ablifly to obtain financing are NOT ronlingent upon the sale of any property owned by Buyer. OR!a.[]TMs Agreement and Buyer's ability to rrt+teln flnancing are contingent upon the salsa of property owned by Suyer as sp"Illed in the allached addendum(C.A.R,Penn COP). 5, [j MANUFACTURED HOME PURCHASE, The purchase of the r'mperty is conttn oni uaon Buyer acquiring a personal properly rn�rrnifactured h6ma to lib planed on the Property offer Ctosv Of Escrow. Buyer H hot; Lj has net entered into a cAntmet for the purchase of a perrsvnal property manufadured horse, VVdhfn than time spardfted In haragmph 19, Hwyer shall remove this contingency or rancel this Agreement,(or)]this contingency shaft femafn in effect uniil the Glow Of Escrow of the Property), 6, ❑CONSTRUCTION LOAN FINANCiNG-The ptlrchasfr of the Property is rclntingent upon Buyer obtaining a constnuctfon 16911. A draw from the ounirtra action loan E]will❑will not be usod to finance the Pmpaily. UVPlhin the time specifind in paragraph 19,Buyer shall remove IM9 Gontingrsncy or cancel this Agreement Cor ❑this r;.entingenay shall remain In effect Until Close Of Escrow of the Property). 7. ADDENDA AND.AW180 193! A ADDEND& _ f 1 Addendum# (C.A,R.Form ACM) Back tip Offer Addendum(C.A R..Form BLI )1 Court Confirmalion Addendum(C.A.R, Form CGA) SaRlic,Well and Pru'peny Monument Addendum X.A.R. Form SWPI) [I Short Sale Addendum((-A:'R.Form SSA) [I()Cher B. BUYER AND SELLER ADVISORIES: Lil Ouyett s Ina .secllon Adylgary(C,AIRL Form 81A) ^__ ©Probate Actvfepry(C.A.R.Form PA) 3W*Mde Buyer send Seller Asivisory(C.A.R l otm B195A) Trust I1dv` o G I3.Farm T -- - -- _ F�E0 Advi3ory.(G A.R.Form FtEO ❑Shgri Sale Informetlon and Advisory C.A.R.Forin SSIA1-0—ott l r 8. OTHER TERMS; The curl Council df h&,qAy2tLakq Elstinots,hire arnarfzerf fix_t Cfl Melaa arto axdE u'e Mla offer,' Provided,h"ever.itho horse A raemeitl meet be an rgveil�+br flhe C Gouncdl of e.rytyulWrfy schritluled Cdfar Council meaft S. Li C)CATION OF 0f]ST8 A. INSPEC'nONS. REPORTS AND CERTIFICATES: Unless 6therwise agreed, In writing,this paragraph only rfetelrmines wio Is to pay for ft ins,plrrllon, teat, rerifficate or service ("report'} mentioned: b does not determine who Is tb pay for any work rrpommended or Idontifled i"the Repo ft 11) Buyer Seffer shall pay lbr wootural hazard zone dfeclnsure report, fidutding tax environmental❑Other; prepared by Flrsf.Arngricon lylit) -- (Z) Ftuya'tJr Seiler anal(paypay for thttie following Report Phega 1 Fnylroirratenlefan*. (�)�rapared b SayarSail thall pay for Itie following Report Prepared by B. ESCROW AND TITLE: (1)(5)Dd Buyer 2 Salter shall pay eacxuw fee each tsar!M(P Pay IhWr owrr_fegs _ (b)Escrmv Holder shall be Chicago 77flo 41 949 M _ (c) The Partlea shall.uvithin 5(or_ ys,After rece)pt.sign and rMum Escrow Holder's general provisinns. (2)(a)❑Buyer Seller shell pay for owner's title imr•fr hce pinky sperifted in paragraph 1.8E fb)Owners title policy lo be Issord by ChfcaRor Title&E gCgw (Buyer shag pay for any title inrrufance palfcy Ifieur ng Buyern land0.tin lass otherwlse agreed in wr(tirsg. G- OTHER COSTS: (1) 18uyer Boller shall pry County transfer tax or fee (2) Buyer Steller shalt pay City tranefor It x or fee (3) Buyer Seller shell pay Homeowners'Aasoclation('HW)"nsfsr fee (4) Seller shnil pay HOA foots for praiparing all documonts required to be delivered by Ctvti Code§4625. fsi Buyer to ey for any HOA certification fee. (a) 19uyer SeVer 041 prey HOA fees for preparing all dpo4n4ents dthiWthah thdee required by CIVII Code§4525. (7) Buyer 5allar 0all p;ay for any private transfer fat-, (e) Buyer %N&shall pay for_ — --- - - (9) Buyer SeRsr Buell pay-for i0.CLOSING AND POSSESSION:F'ossesslon%hell be delivered Iii n;-dr. (i) 5d at PM or-(- LJAM PM) ore the date of Closa Of Escrow: (14 ❑raa Einar than _oatandor days after t,fose Of Encrovt; or (fli} n at `ffAktr ❑PM on The Property shell be unocuup e-d, unietm otherwise Agreed In writing. Seiker shall provide keys and/or means to operate all Property lacks.If property is located In a common Interoat subdtvtalon, Buyer may be required to pay a deposit to the Homeowners` Ar,sod;ielton(°i iBA')to obtain keys Io accessible HOA toHlItieq. �f Suyer'n lrirliala{ 7S ){ __} Salter s Inllirafn{ }I Qil' VL.PA RP.M9150 f!lts IAAGi 3 a VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 3 OF 11) rTroax.�s Y 1Y5 xrpF 9rmV9?y klpi.erra SBr7rfr F?In+hSle Atwf.Fraev.Morn lRt7?rl X66&17LVa ZW SA3 N Mere Sr DocuSign Envelope ID:09FBFD09-FAF8-4F92-A49A-195EAB564638 May, 9. 20 19 7: 13?M No. 0647 P. 8 uotusign Enuatepa.ID:35(:aF $r3-���Gd6B1�9'�GCB9D94ff5gA�7 Property Address:$83 N Main St.Lake 91stnom Car 92539 Date,,MdV 6,20-19 --- - 11.I'T'EMS INCLUDED IN AND EXCLUDED FREW EV. A. NOTE TO BUYER AND SELLER: Hems listed as included or exoiuded In the MLS, flyeta or marketing mtaterlals are not includayd In ihb purchame price or exd'ttded from the safe unlaes speemed:in'1113 or G. D. rrd MS INCLIJIDED IN SALE: (1) An EXISTING 611ursa.end fittings thatAr9 attabh6dto the Property., la)The following Itean>y: l3l Sailor mprvaaanin that all flare eta I.ricluded in the purrhaae prfo a,lintels otherwise spedffad.are no by Seller. (41 All items Included shalt be transferred free of liana and wtthoul Seller wWanly C. ITEMS ENCLUDED FkaM SALF: 12.5TI�Y AWp OTFI Et O 1?Ii C .f» I #lam T A. 1401.11 iAL AND(ENVIRONMENTAL HAZARD DISICLOSURE$AND OTHER SOOKLETS'Within the time specified in paragraph t 9A, Salter shall, If requlnmd by Law: 11) t�altver to Buyer esrthavcke gulder{s) (and quaatmonnaire), onvimnmental hezdrds bovlrlkt; {ill dlsdose If the Property Is located in a Special Frond Raxard Area;Potential Flooddng(inundallon)Area;Very I-Ilgh Fire 14mard lone; Slate Fire Respon0llfly Area;Entthquoks Fault Zanu and 3eiannsc iiazatrd Zone: and J110 dkdoae arty other xane met required by Law and provide any other ini'mmatlon required for those;ones. B, VYlTHHOLDING TAXES, Within to time specified In paragraph 119A, to avoid required 4hholding. Sailor shall pblhrer to Buyer or ct"Ifted arbilltute, an aftldavft sufAciont to comply with federal(FfRPTA)and Gallfomla withholding Law(C,A.R.Form AS or QS), 0. MEOAN'8 LAW DATAiJASE DISCLOSURE: Notice: Pursuant to Section 290,46 of lira Penal Code, Intonrellon about spedfied regislered xek offsndsra to made Available to the public wa an Internet Web etfe makilahled by She Department of Justice at w►tw.mogenglaw.co.gov, NperlditV on an of1'ander's QimirrsI history. this Information*11 fnctude ellher the address at which Ulm orfender raW4ma'or the,communriy of residence and ZIP Cade to which•he or shp raeldes, (Nefthar Seller not Brokers are required to cheek this webaffe. If Buyer wants hxth+er fnformation, (3rokar r000mmorina that Buyer obtain Infomnall on from INN websife durinq Buyer's Inspecion Cort.tingency period.Drakdra do not have experoje,in this area.) D. NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRAN$WSS ON PIPEUNE$: Thte noffce Is being provided simply to inform you that information aibdut the gerreral foliation o1 gas anti ha2ardous llquld trannmlamlon plpetlnns Is availablo to lire publio-vim the National Plpetkae Mapping system (NPfaMS) inlemat Arab site matnlaindd by the Unftad Stater' Department of Tranoportatlon at tarp0ffww.npms,lahmma.dnt.gnvi, To seer furthor informatlon about poeable tranamlluiton plinAllnias biter the Property, you may c;onlad yofir local gaa t0ty or other pipeline operators In thn area. Contact Infofmaoun for oipalino operators Is asarrdrabie by ZIP Code and no on tho NPMS Intiamet Web mi(t. E. CONDONWNIUMPLANNED DMLOPIff NT 018011-0"ES. 11) SELLER HAS:T(or W l i7rya After Ancopfwice to disclose in Buyer w ether the Property L%a r:nndominium, or is located In a planmd development or otfimr common tntereat subdfAsion(C.A.R.Form VLQ). (2) If the Property it al ondom nium or 16 located in a planned davelopironl or other common interew aubdivlebn. Seiler has 3 (43r ) Days After Acceptance to requet#t from the HUA (G-A.R. Ferro HOAI)i (i) Copies of any docunnento required by taw; fn) disclosure of any pendlnl or ant(cipated clalirr nr IhIgation by or agmi the HOA;Off)a statement contatnfng the Coca fort and numioer of designated parking and otorage speCas, livl Copies of IM moll recant 12 months of HDA rninutes for regular end spdcw rneetinga; and(d)Iha names and contact frifonnaffon of all 11OAs governing the Property(Coltec(lvety,'Cf Oladoeure,a`).Sailer shell itomtza and geliver to Buyer all Cl Olaclosures reofvad from the #10A and any CI a#,ar.3gsurot in Seller's possession. Buyer's approval of 101 Dhtclosutas is a conllnonnoy of this Agrseamrant as,specified In paragraph 1913(3). Tha party spectlled in paragraph 9, as directed by Escrow,shall depoall funds into sacxow or direct to HOA or management company to pey for any of the above. 13.SELLER VOCflMr NTATtt:pN AND ADDITWNAL DfSCLOSUREr A. Mhln the lime spaMna In paragraph 19,jr Sorter ties actual knciWle4gg,8ellerehalf provide to Buym,in vYrtling,the fallowing infotmation; (1) I.Et2AL PROCEEI31Nl'a.S:Any W,%siMs by or agttitnaf&enter,thrnstentng or~ng the Prplo y,inducting any feweuft Meging a derett ordefictanay in the Properly or common areas,or any known noticaa of ebwomAhIi 0 cltotl#nna fllod or untied agafnat the Property. (2) AGRICULTURAL USE: Wholhsr the Property is sub[act to resirtclitinac for agricultural use pursuant to the Mllwnzon Act (OcivenlmaM Code§§51 Z00 61295), (3) 01510 RES"ICTIONS;Any dead rusiricWne ordbAQitllons, Id) [ARM USE:Whether the Property Is in,or adjacmot to,an area With Right to Farm rights(Civil Code§3482.6 and 53492.6). (5) rrNDAKOEt?tED SPECIES:Presence of andangerard.throatanad,'randidata'spectra,orwellands on the Property, (0) ENVIRONMENTAL HAZARDS:Any sub%lanoes,materials,or prod0a that may be can environmental hazard tndudkig,but not limited to,aaboslos,tgnnoldehyde.ration gaA,lead-hatted paint,(vril ar cki"ital�qoraage tanks,and contaminated loll or waW on tha Pmpany. (7) CCWM014 WALLS: Any fisatuYea of the Properly shared in common with adjoining lAndowhers,such as watts, fences, roads, and driveways,and agriculture and domeatic walls whose time or reaponsibflfty.for malnton.anee may have an effed an the Prcpar(y. Its) LANOL,OCKI517c The absence of Rigel or pfryalaM zooeas to the Property, 10) EASRMENTSILNCROACHtyMENT11:Any encroachments,easements or efmflar matiers that may affart the vroperty. (19) SOiL FILL,.Atry fill(compacted or otherw#sa),or mismndoned mining operations on the Property. (1 t) SOIL PRO13L EMS:Any ettppage,sliding,fkaodtng,drafnVo,grading,yr tither still problems. (I 2j EARTHQUAKE DAflMAGEE.Major damage to the Properly or shy of file etructatros f"i Eire,enrihqutike.floods.or lend:alldea. J1 31 ZONINO ISSUE3_Any zooing vlolabons,rion-cunfelrntrtg rises,or viotatfonc of''Re:ibadt'requfmmariO (14) NEiGHBORHOOD PROBLEMS;Ahy neighborhood noisn problems,yr uther nuisances• B. RENTAL AND SERVICE AGREEMENTS:VAIh{rrthe time 9padirod in uwagraph 15q,Seller shall make available to 8uyar for inWc1lon and review, all current loasiss• rental agreemointm. service contracts atxl othi?r reloled Agr"manis. liekrnsoA. and parasite perfatning to the opsratlnn or use of Ili*Property, C. []TENANT ESTOPPEL CERTIFiCATES. Within the time spedilled in paragraph 19, 801(sr shell deliver to Buyer tengnl estoppel oertfficatsa (C.A.R. f=orm TEC)completed by Seller or Sakes a4ant. and Aign9d by t8narn". acknowledging:(0 that tenants'rental or femme lagreamenta are unmodified and in full lorce and affect(Dr if modified. stating all rionh modifications); fill that no lessor defou is 0XIM,011 QWlating the amount of Arty pmpaid rant or ancunly riepoSlt, f3u si s Inlflets[ y 5etfmt'sfnttraie f VIVA REViSED 12118(PAGE.d OF 11) VACANT LAND PURCHASE AGRiREiMENT(VLPAI f AOE 4 OF 11l i'rod wad wMt ztrrrorr 7s Ny d7i d� 10070 Frlivw r,[as Rid. 4eo28 qtr St uCCe m 31 N 1i.Tn OF DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May, 9. 2019 7; 14PM No, 0647 P. 9 .-,-.-„�,yi,ri.�N,N�,§.•.•>•lw,�uu-.izL'�r^R:)o YwbU;lli`VobUH4t'.'Sp H.11 Property Address:203 N Main.Sf,_LaKf glslnG�t'+g,Cis g 30 Cate:” 6 2019 D. MELLCf*R003 TAX;19 if BOND ACT.VVdhtn flee thiia.spedNd in paragraph 19,%Ier shalt:(1)maker a good ha th effort to obtitIn a nditibe lino any local agamfea that levy d apaacrnl flax or assnaemont on ire Praparty(or,If r+Ilow&d,suhatantiallyequlvaalenl notice),pursuant to the Mello-Roos ComftanAy Facilillps Ad.and Irrs3mvarmenf Flond Act of 1815.and(M promptty deliver to Buyer any such notice obleinttd, 1;. 81:1~LSR VACANT LANE)QUESTIONNAiRE:Seller shali.within the tIMF)spe6fled In paragraph 18.cvmpints and pruvidn nuyerwith a Seiler Vaunt Lrand Quetstionnaire(C-A,R,Form VLQ). 14.SURSEQUENT DISCLOSURES: in the event welter, prior to Close Of Escrow, becomes aware of adverse sand Lions materially affecting the Property, or any materiel Inaccuracy to dlsdo$ureg, information or repreaentallvns previuualy provided to guya(of which Buyer IN ofherwls a unswarel,5eflnr shag promptly provide a euheaqu4nt or grnnnrled dlseloaure or notice,in writing.covering Ihnae ffome.However. a subsea rant OT amended dlsclossur$shall not ho required for cnndltlonsp srtul nssttarial Inaccuraclas dise4osed In reports ordered and pall for by Buyer. 16,CHAN00 DURWO ESCROW' A. Prior to Close Of Escrow,SaQw may engager In the following acts,("Proposed Changes`),eut)vct to Buyer's rights In paragraph 158:(1) rent or.lease any part of the promlaea;(It)alter,modify or-extend any existing rental or lease agreement;(tlt)enter into,alter,modify or extand any setvIm contrild(s);or(iV)change the$talus of the condition of the Property. B. At least 7(or _)Days priot to any Propooed Chenge3,Seller%hall give wrMen nolloe to Buyer of sut-h Prnposad CherVos,tMlhln 5 for__) Days After receipt of such molter, Buyer,In wining,may give Seller notice of 13uyae5 oloodion (o this Proposed Changes, In which case Seiler shall hat make the Proposed Changes. 113,CONiO114ON OF PROPERTY! Unlses otherwise agreed In writing:(1)the Properly In sold(s)'AS-IS'In its PRESENT physical condliton as of Ilse dale of Acceutance and(b)subject to Buyers Investigniion rigthis; 111)the Property, Including pool,spa,landscaping and grounds,is to be maintained In substantially the same owdlttan as on(he date of Accoptanca:and(ill)all debrla and pereormt properly not inufuded In 1fi+3 sale shell tie retnovetl by Close of i SOMW_ A. Seller&hell,wfihin the trine specified In:paragrepah 10A, DISCLQSE.KNOM MATERIAL FACTS AND DEFECTS affedlng the Property, Including known Insurance claims within the postfrve years,and make any arnd aft ofher dladesures required by IoW, S. Buyer has the right to conduct Buyer Invt+siigatlons of the property and, as speciflect.in parargrap1h 108. based .upon Information dlscovatred in those inva>stc{jations (r)ca"I Ibis Agreement,or(fi)request3hst Seller make Repefr$aT teke•ottter entl�n 0. Buyer Is strongly advised to conduct Invetshgatlons of the ertures Property In order to determkin lira present condition. War may not•be aware pf ill defects affeetfng.the Property or other faotprs that Buyer considers Important Property ImptrpvertrenM may not be built according to code,In compilisnce with cul"nt Law.oT have bed parrrtlts lea ued. 17.BUYER'S)NVESTiGATION OF PROPRRTY ANO MATTERS Al PIECTlNG PRQI'I RWI A. Buyer's.aocaplence of the condition of,and ony other rm ter affarcting the Property, is a contingency of this Agreement as specified in thin paragraph and paragraph 196.WdMvt the lime spectfjed In paragraph 19B(1), Suyerahai4 have the right,at Buyer's expense unless. otherwise agreed, to conduct ittatpeGtitsnru, inverotigarlian8, tests, Rurvsyss and other studles(`Buyer Investigations`), inctudItig, but not iimlled Io. the right to:(11 Innpact for lead-teased paint Lind other Send-based paint hazards;(1))Inspect for wood destroying par h and organfems; (ill) review the registered sex ohander datattaow Irv') confirm the Insurability of Buyer and tho Property; and (v)satisfy Buyer as to any matter apeefifsd In fha attachad Buyer's lnapeollon AdvNory(C.A.R.Foals 81A).Without Sollar's prfcr written consort. Buyer shall neither rrlake nor cnuae to tie made:11)invi4$ivs or da$imtliva Buyer InvagilgalronA erccspt for rNnkrsalty lnvaaive Imang;or (11)inepactlons by airy gevernmen(asl bullding or zoning inspector or govemment employee,untaas requIred by iasw, B. Seller shell make the PF0001ty tavallaNa for all Buyer Investlgallons. 'Buyer ahall 11) as sp"IW in paragraph 11313, complota Buyer InvaslFgaVons and, ellher remove the contingency or canrsi this Agreement, and (4) give $oilier, at no coast, cornpiole Copies of all lnve- t aflon reports obtained by Buyer.which obllgntion shall survive the tennlrmilon of thli Agreement. C, Buyer ini tamotty'slid Seller protbction for errtry upon prapsrty: Buyer shelf'(i).keap the Property fries and clear of lises;fll)i.rspetrr all damage oriaing from Buyer invite0gatlona;and (Ili)Indemnify end hold Seller harmless from all resulting Il®talllly„Balms,demands, damages and coats of Buyer's Inv,es6gallonk Buyer shell starry,or Buyer shall require onyorte-actHsg on 9uya{'s behalf to r.,stry,pondes of IlatuQlty, workers' compennnifon and olhar appllrAble insurance, detanding and protoctfng Seller from frabillty for any injuries to persars or properly cicounring during any Buyer Investlgallone or work done on the Property at Buyer's direction pnor to Close Of Escrow. Seller is advised that oartalrt protachons may be afforded Seller by nacordfirg a 'Notice of Non-reappnsihil ty' (C:-A.R. Form. NNR) for Buyer InvestfgaRons end work done on the Property at Buyer's direction. Buyers obligations under this paragraph ahail survtvo the termination or ccsnceflalion of th.1a Agreement and Close Of Pscroly. 0. BUYt3R 18$YRONOLY ADVISED TO INV9"ciATE THE CON3]t4tfi3M ANN 9UITANLiTY OP ALL A69PEC15 OF THE isROPlRTY AND ALL MATTeR9 AFFECTING THE VALUE OR 0E5111RARIU Y of THt?i'RoVER.ry,INCLUDING isuT NOT LwrrED Try, Tme TTEMS SPECIFIED BELOW.IF BUYER DOES NOT EXERGI'WE THESE RIGHTS,-BUYER 18 ACTING AGAINST THE ADVICE OF BROKERS, BUYER UNDERSTANDS THAT ALTHOUGH CONDMONS ARE OFTEN i 1IFFICULT TO LOCATE ANO DiScOVisR, ALL REAL PROPERTY COMAINS CONIJITiONS THAT ARE NOT READILY APPARENT AND THAT MAY AFFECT THE VALUE OR DESIRABILITY OF THE PROPERTY.BUYER AND SELLER BARE AWARE THAT BROKERS GO NOT GUARANTEE, AND iN NO 'WAY ASSUNE RESPONSIBILITY FOR. THE CONDITION OF THE PROPPRTY. BitC}nn HAVE NOT AND "LL NOT VERIFY ANY OF THE IMMS IN THIS PARAGRAPH 17.UN1.E38 OTHWr WISE A4REED IN WI7MNO. E. SIZE,LINtS,ACCOAS AND BOUNDARIES:Lai size,,property lines,legal or physical access and bounderias Including Natures at the Property shared In common with adjoining landowners, such at walls, fbnces, roaaft and driveways,whose use or r sponsibillty for maintenance may have an efi%d on the Prrporty so any encroachments,easements or simllAr matters that may affect the Property. (Ferlcss, hndpes. walla end other natural er canotnicted barriers or markers do not neemserlly Idenllty true Property boundaries, Property ken may be varthed by survoy.)?Unleas otherwise specified In writing, arry numerical statements by Brokers regarding Ica$1zo. are APPROXIMATIONS ONLY,which have,ant been and will not be verified,and should not be mlied upon by Suyer.) F. ZONING AND LAND UaE: Past, present, or protwsed laws, ordinances. rofarendumv, Initiatives, voles, appllcdstfona and permits effectinq the current use of the Property,future development,toning,b0ci ng, size, governmental parmito and inspections.Any zoning viofaVona. non-confomlfng uses. of viulatrants of'naufiack' requiremanis, (Buyer shouhl also InveallU ate whethw these mutters affect Buyer's Iltt®nderl use of 1116 Property) 0. UTILITIES AND SERVIGI_S:Availability,eotfs,reslriciroals end for.&tlrm of utllltfes and serrices,including but not limited to,sewerage, sanitation 4apilr,and leach fins$,'walar,elociricay.ryas,lstephor e,Coble TV and drainage. J 4y § euyarai InlUet$( )t _—1 580011"';`Inhlsfa VLPA R liftl9D 12118('PAGE 6 OF 11) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 6 Olt 11) Prodxad w*%rW mre6y zbiedx loon Fran-An tft Kaad Frn"r,Mkliywr d&OT6 1AKar rid ndx vm 203 N Main 81 DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 Nay, 9. 2019 ;, 141M No. 0647 P. 10 DacuSlgn Envelope In;35CAFE86-3260-45Eil=d55C-CB9004r5laA17 Property Address;383 N Main,St-L eAq g fvro. Ca 93130 Date:Mav B 2078 H. ENVIRONWE ANSI" Ate: Potential environnion(61 hazards. irtclUdlrtp, hUt not limited to. astaeetos a,d.4t as pawn and.other lead contaminntrnn, radon, malhane, other deers, Aural, oil or chemttal storage tanks, contaminated enfl rsr water. hazamous waste, wnate disposal sites, electromagnetic flelds, nuclear wurceo. and other substances, Inrlud(mg maid (airbnrme, tonic or nthorwise), fungus or nlmllor conlerlilnanl,materinf9,products or condltlons, I. 431401-001C CONDITIONS: Ueologlul"lainlo condittcna. poll and tgrrriln slob[illy, sudebility And drainage Including any slippage, adding,ffrrodino drainage,grading,fiN(brampacted or ctherwtee),or other$09 prablaMs, J. NATURAL HAZARD ZONE:Spaclal Flood Hazard Areas,potential Flooding(Inundation)Areas,Very H10 Fire Hazard Zones.State Fire Rnmpomitibllity Areas.lEadtiquake,Fault Zones,Sairmic Hazard Zones,or any other Torre for which dlWom"is roc{uload by Law, K. PROPERTY DAMAGE: Major damage to ttre Property or any of the afructuma or port-alnucturaw systems and components and any personal property Included in the safe from fire,edT"uake,floods,landelldau or other causes. I., NEIGHBORHOOD,AIREA AND PROPERTY flONDIT ONS: Nefobborhood or area condltlons, (neludirtg.Agrloulhtral flee.tlerstrlctions pursuanl to the VAlfsmaon Act(Govemrrtenl Code.%51200.61295), Right To Form LwM (Clvll Code 13482,5 and.§3482,9),schoors, proximity and adailtocy of law enforcement, critne statistics. the proxir0y of reglalared felons or offencrara, fire prolerction, tither gowirr"ent servicoo. averlabflfly, gdaquacy and coat of any spri}d-wirdd,witd?ffss Internet connaChUns at attter telacummunicektans or olhrrr tochncfogy onNices nod installallona. proxlmr'[y to oortimermlel, Indueldal or agriWitural aelrvilles, exlaflng and proposed traniporlotion. Gonsiruction and deYeloprnent (hat may of ut noise, vlaw, or traffic, airport noise. ooso or odor from any source, nbasndnmed mlrtinq oparatfons on the Propretty, will and domestic a ilmalb, other nuiBancos, hoxArds. or clrcumstanoas, protected species,wettand prdperfles, botanical olseasea,hlsrado or oihor govarnmarrtrrlly protecled sNpa or Improvements,cameterlens,(aelvfies and condiflon of o moron areas of comntnn Int".41 subdivibionrs, and patolble lack of compllnnoe with any governing documents or Homeowners' Assaciallon rop)rernonta, conditions and Influences of blplecari a to esdain cuttum vimdfor mllgfons, and personal netads,requwternanta and prrefforenrws of Buyer. ht, COR4l47oN IN'f0esT SUBDIViSIC'NS: OWNER ASSOCIA77ONS: Facilitlers and condition of common areae(fedlltlas atuch xe tsanfs. tennis courto,walkways,or other areas ea-owned In orrdlvIcled Interact with others),C?tvnerB`Association that has any authority over the aublact property, CC&An. or other dared reglricNnns at dhRgallonr;, and possible fuck of compflance wIlh any Ova iern` Anrsoclxllan requiramentb. N. SPECIAL TAX:Any local errencles that levy n special tax on the Pro mrtY pursuant to the Mello-Roos Community Fodlitfes Act or Improvement Bond Act of-1915. Q. RENTAL PROPERTY RE9TRICTION8:Some cities end counties Impase reslri llons That lirnrt the mmounl nt rant that can be chorgerd. the maximum Wombat of QC.i:upanls and th©right or a iandiow to terminate a tenancy, P. MAN(WACTURED HOME PLACEMENT.Conciltions thet may effect 1he oblllty to plane and usu a mttnufamurod home on the Property 1E.TITLE AND VY&TINGi A. 01NIn flip lime spediled In pampraph 19, @uyor shall be prove d.ed a current prokninary title apart("Prollminaty,Report),The Preliminary Reoori is otrly an offer by the tkfe Insular'tp issuer a policy of fille Insurance+and may not oamtalrr every Item affecting Tate.Euyar s rev kTw of the Preliminary Report and any other matters which may affect 1410 are a contingency of ft Agreement as epecifieed In paragraph leg.'the company providing the Pmllmlhary Report shall,prior to Teatime a Preliminary Report,oondutd a search of thrr G*naral Index for all Setters except brlrtkg of other IntsCl ifirial lenders saliing propartles they arAulred through fomCipsure (REO%), owporalione, and govorrimert ®nttt$03,Sailer seal within 7 Days After Acceptanoa,pros Escrnvv Holder a txartrpfeted Statement of Information. B. TMa Ia takars in Ito present rxrridition autr ect to awl enciernbrances, easamente, cavenante, conditfons, restrictions. rights and other matters,whether of racord or not, as of'the data of Acceptance except for.(1)monataty Ifana of record iwhices Senor Is o0oalsd to pray off) unless Buyer i5 assuming these obngaflarns or tsklrV the Properly subjeot In those ohltgallons;and(11)those matters which Seller has agreed to remove m wnl(ng C. Wtthwn the!theta specified In paraggraph 19A.Salter hoax s duty to disrJoso to Buyer all manors known to Seelier pffeul4l this, uhnl'h+er of record or nor. D. At Close Of Escrow, Buyer shod recalve a grant deed egnvoyfhp tilln(ar, for stork cooperative or long-team lease. tarn asslgnmoril of stork certifoste at of Seller's Ioaeohold interest), including oll, rrllneral and waler tlghta If aarrently owned by Sager.Ttlla sha4 vast as designated In Buyer`a Ruppfsmentel rscraw lrtntructlons. T4F- MANNER OF TAKING TrTmt MAY HAVE SIGNIFtr;A✓aT LFGAL AND TAX CONSECIUE ICES CON5LILT AN APPROPRIKtr:PROFES IoNAL. E. Buyer ehafl receive a 'CLTArALTA Homeowner`s Policy of Title Irrauranco', If applicable to lira "a of property and buyer. A line company, at Buyar's request,can provide,informnllon about IN avalfablilty. deelrobfllly, coverage, and chat of various Ikte Insurance covem9e-a and endorsamentc. If Buyer desirea Iltle coverage other than that retquiyed by thle paragraph. Buyer shell Inatniet Faorow Holder In writing and shall pay Any irrctrnsa%In coal. 19,TIME FERIODB; REMOVAL OF CONTINGENCIES: CANCELLATION RIGHTS: The following tame periods may only br exirsrded, tittered,nintflfied or changed try n uWal wrttten agreement.Arty rvmuvAl of conttngetielea or car+csllattan under thla paragraph by elther Huyer or Soffer must be rexerelmid in good faith and In wrldria(CA.R.Form CR or CC), A. SELLER HAS: 7(tor _ ) Days Altar Acceptance to Dtifiver to Buyer all Reports, dtscla}sures and Informaton for which Sear is reeportaible undorr paragraphg 3M,7A, 8, 9, t2A, 8,and F, 13, 1 SA and l$A.Buyer after flrst Cfelluering to Seller a Notice to Seller to Perform(C A,R.Form NSP)may canted this Agreernont If Seler has not Delivered the items within The lime specified. B, (1) BUYER HAS:17 for_)hays After Acceptance,unless aUtrrrwise agreed In writing,to: (1) complete all Dwyer Investlgeitions; reufew all dlsctosuren, repot#e, ant#outer*ppllcrtble Informatlon, which Buyer ree:eives from Seller; and approve all matters s"mrUng the Property; or,d(11)t WNeir to Seller Signed Copies of Statutory Olactanures and other dirrclosures Delivered by Seller In sccnrdance wilh-paragraph 17A. (2) Within the time specified Its paragraph 198(1), Buyer may requesi that Smllor matte repairs or take tiny rather acflon reganiing the Property(C.A,R.Form RR).Seller hen n❑otAigailoo in agree to or reepostd'to(CA R. Form RRRR)Buyers requests. (3) By the end of the atria operified In paragraph leb(1) for ae otherMit&specifterl in Ihle Agreement), Buyer rshall Deliver to setter a removal of the appllcable cvniftancy or oanreilatfou(C-A.R.Form CR or GO)or this Agreement.however,if any report,dledasura, or inlormaflon for which Selksr Ia roapnnsfbfe in not Colivered within the firris specltled In paragraph 19A,then Buyer hph b jar ) Days After Uellvery of any such Ilerns,or the tfine%piaciffed hn pnmgraHph 106(1),whichever Is later,to Oelivar to Seller s remaysf al the app Ie contingency or oanoellstien or oils Aprsernont. tS t9uynPg 1711.".418 t T)t � ilelfer�r VLPA REVISED 12110(f AQE a OF 111� ti VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 13 OF 11) P1ta& a,.*h rinFO+s sly NJr.W W innra FgMnn uon q"a rm!w Vkt&J w 4902a *WW-1,tpJQaLr"m rw3 N MNn Se DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May. 9, 2019 7. 15PN No. 06 7 P. 11 y.,—r —W. It Property AddreaC 203 N d±rafrA-LakJlrt Daley M 6 2019 R (4) Cantlnuatfan of Contingency: Evan attar the and of the flrt:e gmdffed fn paragraph it)8(1l and before "Or canoola,if at Fill, puravent to paragraph 18G, 9tryor retains the right, in wrfHng, to ellher(I) remove remaining coolingenci6s, or (111, t*ncef this Agreement based on a rarnslrting contingency,Once Buyer's writlon removal of ell contingenelea is Delivered In Saadar Seller may not canoe;this Agreement pursuant to paragraph 19C(1). C. SELLER RIGHT TO CANCEL; (f) Seller right to Centel; Buyer Contingencies: if, by the time apecffled In this Agrermomt, Duyasr does not Deliver to $rather a removal of 1ho applicable conlingenry or can a ll.0on of this Agreement,than'Seller,after first Delivering to auyar a Notica to Buyer to Perform(C.A.R. Form NBP), may camel Ihia Agreement in such event, Seller shall authorize the retum of auyara deposil, except for fuse Incurred by Buyer, (2) "for rlgfit to Cancel;Buyer Cprrtract Obligations,Seger.after first delivering to Buyer a NRP.may rancef fhLa AgreAwAnt N,by the time spedfied in this Agreement, Buyer does not take the following adlon(s):(1)Deposit runda as required by patogr-apb 3A m 30 or If the funds deposited pureuunt to paragraph 3A ar 3B are not good when deposited;(fl)Deliver a nogoe of FRA or VA costs or terms as required by paragraph 313(3) (C.A.R. Form FVA), (Ili) 0814ver P latter as required by paragraph 3,lfi): (N) Nilver vedlication as mqulrad by paragraph 3C or 3H or If Seller rr asonably affbapproves of the verificelton providtoci by paragraph 3C or 3H:(v)Return Statutory Olaclosuree as r®qutred by paragraph 12A;or(vi)Sign or i001 a separate liquidated damages form For an iricMrased dapnait"required by psragraphe n and 2:18;or(vll)provide evidence of aufharity to stein In a representative capacity as ape6fled in paragraph 19.In such event.Stoller shell 0.10hurlxe the return of 131ryer's depoilit,except for feet inclrrad by Buyer fl. NOTICE TO BUY5R OR SELLER TO PERFORM. The NDP or NSP shall:(l)be In vorlI 9l (g)be signed by the applicable Buyer or Sober; and 11111 gtve the abler Party at learal 2(or __)boys After Delivery (or urid)the time apecifiatl In the applicablo paragraph. whtchovor occurs last)to take the nppllcabie acalon,A NBP or NSP may not be GoIlverad any earlier then 2 Dave Prior to the Cxpltellon of the applicable lima I&the nmw Party to remavca a Contingency-or caneof We Agreomnrtt or rneat an Bbl gntion apeciltect in parWolola tt7. E. EFFECT OF BUYER'S Ri15MOVAL OF cONTINGENCIEs.it buyer removes,In wri{ing, any ccrdingencyr or cancellation rights,unless tAharwtssa spat ied In writing,Buyer shnM conclusively be deemed to have: 0)completed elf Buyer Investigations,and review of reports and other FWpfirmble Informalion and dfacdoaures londafning to that contingency or canceffatlon right; (ll}elected to}proceed with the transarlJon; and (111) ansunoad all itaablllly, reaponafbAty and oxpemre for Repairs or carredlons pertalning to plat conertgeney or eanoellatlon fight,or for the inaInIII to❑blaan tkpanung. F, CLOSE!OF JE$CROW-, Before Buyer or Seiler may unc nl this Agrt"mant for frtifuto of the other Party to CIO"e90roW pumuenl to this Agr"rnent, Buyer or SoRar must ffrat Deliver to thb other tarty a demand to,clese esohow(I A,R. FWM DCE), The DCE ahiaC(f)be signed by lira applicable Buyer or 9olW-grid(11)give the other'Party at igast 3(or )pays After Delivery to oloae eMSrirow.A DCE may not tea boltywed any owfinr then pays RrJrpr to lira oohed tad close of eacrow. G. EFF6d`f OF CANCELLATION ON DEPOSITS: It Buyter or Sadler gives written notice of cancellation pursuant la rights duly ex1rdsed undt-r the forma of thlsr Agreement,this Parties agree to Sign mutual inatnrdlonn to cereal the aisls and escrow and ns)eeee demlts,If ony, to the party enifliod to the funda, teas fesas and costs Incturecl by that'porly.Fees and s*sts may be payable to service pmviGers and vendom for ewe Mces and peoducte provided dutiitg eacrow, Excapf as nmchled below. release of funds will require mutual Slgtod misavis Inatrucilenis from the Parties, )r.tdlclail decision or arbitratton aw4rd, if eifhur Party falfn to exeioute roujunl fnelruclitxn's to camel osgo%v,one Party may make o wrltten demand to Cnmow Holder for the deposit(C.A.R.Form BOR4 or SQFID). Esatzaw Fltllder, rrpaao mrsipl..0811 promptly deliver noflce of the demand to the nther Party, if, wilhln id mays After t tserow Holder's notice, the L rather Party dtaes not abject to the demand. Escrow Holder shall disburse the r1hposit to than Party making the demand, If Escrow Holder compiles With the preceding process. each Marty shall tae deemed to have 65leased Escrow Holder from any xnd aft cfairns or liability related to the dlebumal of the deposit. Escrow Holder, W Its disoroflon, may nonetheless regedre mutual r,ancellollon Instructions, A Party may be subject to a civil psflahy of up to 34,000 for refusal to 0491:oancettallon lastructlorm if no good faith dfepute exlats as to who Is entitled to the deposited funcls(Qlvq Cod*JIM A). 2d. REPAIRS.R6paine shaN I?e completed prior to fins!vertrlaafton of gondltlon unless otherwise agreed in wnling.Ftepalra to be performed of Soilar's oupense may be porfofrned by Seder or through others; provided tttaf the work cornp0era with appHeebte Law, bttitAilhg govarnmemol permit,inspa UM end approval requwornenta. Repalre shelf be performed In a goad, skillful manner with materials of quality and ®ppeananCa ctpmparahle lie ex6dtintg rneteriafs. it Ica understood that exact roslom(lon of appearance Or a osmaitr.Items fetlonring ap Repaln may not be posslbfn. Seller eha11: (1) obtain lnvoleea and paid mcalpts For Repairs performed by others}, (11) wapafo a wiftlon statement Indicating the Repetas performed by SeMor and the date of sucti Repairs;ami(NI)provldra Copies of invol4mn and paid receipts and staterrrania to Buyer prior to Stile,?veriflcartlon of condNton, 21,PINAL VERJFICATTON OF CONDITION-,Cover shall have the right to rnoke.a final verification of the PTopetty vwilhin a(or �)Oxys Prior to Close Of Escrow.NOT A&A CONTINGENCY OF THE SALT,bul aofaaty In Qonfirrrr(11 the Pmpaarty Is mafnlained pursuant to paragraph 16, (11) Repailra hsarb Bolan cbrnpleted as agreed:and(111)Seller has wnripffad with Sallaeg ether Obligations under this Agreement(C.A.R. Form VP). 22.E1Vlf RONMENTAL HAZARD'CONSULTATION, Buyer and Seller ockrtowtsdge. (1) Federal, state, and local legistelion impose Aab9ity upon existing and former ownefa and u86119 of raid propurty, fie applicable tsftttallons, for certain litpinitatively dellned, environmentally ha2srdoues submaocaa;(ii)airllasr{s)hoslhsve made no repmaeritaflon concerning the r3ppli"Iblifly of ony such Law to this tranaacoon or to Buyer or tb $eber, except as othervAle IndlcAted In ]Ilia Agmarrlant; (NO groker(s) hasMave Made no repmanAtation canteming the existence, testing,dincavery,lorAllon and Gavalutstfon of/Tor,end risks posed by,onvlronmen(ally hazardous aubstsno", if any, located on or poWn#fafly of slag the Properiy; and flv)Buyer anti Seller are Each advised to cnnault with for lInical and"at exports concerning the exlslante,teefing.dltecovory, location and evaluatlon offlor, and rW<s posed by,environmenlaAy,hazardous substances, if any, kahated an or potentially aff9cting the Property, Buyers lnilials seYr:ra tniliete 4_ Vr_PA REVISED 14118(PA015 7 OR 11) VACANT LAND PURCHASE AGREEMIENT(VLPA PAGE 7 OF tA) RroeundwellzpFwmmny+Pl coal te07o F1fIM1 M 1.Rtrd;FpNr,Mlddiph�b0e6 rt x3at@pfr mpy U7 N bhht Br DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May, 9. 2019 7: i PIV 4? Property Address:283 N ICfafrl 5f,Lake&SInord,Gat 3$30 DaIC.AfiaX 6 2019 23.PRORATION5 OF PROPERTY TAXES AND OTHER ITEM: unless olherwiss agreed in writ)ng, the fallowing 1lehls shall be PAiD CURRENT and prorated batlyeen Buyer acrd Saller as of Close Of Escrow rant Rrrsperty Was and asaara5rrrt3rrte, interest. rants, HOA ergoter. special, and emergency due* and asaeesmants imposed prior to Close of Escrow, premiums on Inauraroe assumed by Buyer, payments on bohdit and aaSlsftnenta asusurrred by Buyer, and payments on lytalfo-Roc% and other Spacial A.gaetarnent Bfalrfct bands and aaaessmenls that am nrrw A limn. The following ttarns Shsh be assumed by Buyer MTHOUT CREDIT toward are purchase price; prorated payments an ktello-Roots erid oths.r Special Assessment NAVict bond's and azzassmenta and HOA apect*t aseesarnents that are now a limn but not yet due.Property Wil be reaspeoved upon change of ownarehtp.Any supplemental tax b1fla shoal be paid a& foffows (1) for periods; Fifer 01,rAm Of Escrow, by Boyer; and 111) for periods prior to Close Of Escrow. by Scher fate C.A.R. Form &PT or BSSA for furth4sr hrfoirnartlon). TAX MILLS 19SUED AFTER CLOSE Or ESCROW SHA1.1. BE HAaiDLECs [fiRECTLY BETVYTEN BUYER AND SELLER.Pmretlonsl$hail hA rnada ba%ad ifn.e 30-day month. 24,BROKERS: A. COMPENSATION: Seiler or B"ar, or both, as applicable, agraea to pay compansatlon m 9f91(er RS spociffed in a separate wri ten agreement between Broker and that Seller or Buyer.Compeneailon Is payab(a upon Close Of Escrow, or it escrow doee riot dose, es ottrer►yise epecifiOd in the apraemant botwer n Broker and that Snlfar or Buyer. H. SCOPE OF DLrrY: t3uyar Arid SerRer arsenowkrdyei and agree that Broker: (1)Doan n01 decide whzfl priers Buyer ehouid pay or Seller sholild Accept. (11) 17owl not guarantee ;he condlllon df the Pfnperty; (aft) Dine not guaranine the performance. adertuaf y or tortrptetehea:t at frtsperrltnns,anrvloei, prodsrtts or rapatrs prOvfdrtd or made by Selfar or otherer [N)Doffs not have an 4blogtion to conduct an inspection of Common areas of tares off the alter of the Property; (y)Shall not be,responsible for Identifying detecla on the Property.In common aroma, or oftafla unleax r}trch drfnots are visually observable by an inmpecilon of rca4onably nocrirrslble areas of the f mperty or are known to Broker;(vi)Shall not I)e raspanaihle for indpkctifrip public records or permits oonc eming fhe title or rtes of Property; (04 Shell not be rospon0lo for Iderrilf0rig the Walton of boundary 1111e3 or other"ma a%cling turd; (Wilt) Shall not be responsible for verifying square dootAga, repressnnimiona of othara or inforrrrolian contained In InvesttgaUan reports, tulyddpta Liatlnr0 8ervics, advnrlisfenments, Ityess or other promotional material;(flrl Shall net he maponaible for determining that feir market value of the fsrop6rry or any personal property included in the sa18; (x) Shrill not be responsible fnr providing legal or tax advice.awarding any aspect of a iraneactfon entered Into by Buyer or Seller;and(XI) Shalt not be respnnalble for provWing other advitre of information that exceeds the knowledge,education and experience required to parfnrm real estate 1icRnaed activity. Buyer onrf 9e11br rgrda to-teak legar,tax,intiorgnse tflie and olhhr daslrad asal*tanee ironm appropriate pro"slofiats: 211.I,jePi esrzmTATtve CAPACITY:ito"or more Parties 19 signing thse Agrenm"t,In a rop(psentotive capacity and not far hlnnlheraeif aA mn sndividuel then that Parly shall so indleater in paragraph 37 or 38 and attach a Repreaeritotive Capacity Signature oloctoeure(C.A.R. Frsnr, RCSO).Whervranr than sign,ttrfre or fni0els of the repmtrentative Idanttflect in the RC60 appaar on the Agreament or any ve!lated documents, ibehalt be deemed to be In a representsuffver capacity for the entity described and not In an Indivtrluol capacity, inlets$othervose Indlcaled. The Party acting in a re pro sentartive rApacity(t)rd pro sarmto that the entity for which that party Is acting already exists end(il)shaft Deliver to the olfwr Perty mod Escrow Holder,wlthin 3 0sys After avWerfCe of authority to act in that capatlty(such as but not itmffe=d to. applictbse portion of the Ifuat or CertIOCRIfoo Of Tnual (ProbaNis Code $191661), lottldra 1e608rnesrilary, court order, power of attorney, oorporato resofullon,or formation documents of the bilsirrasa errW). 25.JOINT ESCROW lf4$TfkUCTi0NS TO ESCROW HOLDER: A, The faflowing PAIrOgrapho,or applteaW partlons thereraf, of this Agreetntint canatkiste the joint escrow In siruettons of Buyer Arid 901for to EIICrow Hokfar,whloh Escrow Holler la to use along with any rs)ated counler offsrs and addenda, and any addfffonal rrlvluilf instructions to close the asorow paragraphs 1, 3,.48, 5, G, 7A- 8, 9, 128, T8, 19G,, 23, 24A, 25, 26, 32, 35, 36. 37. 36 and paragraph 0 of the secflon tilted Real Ejtete Brokers an;sage 11,N A Ct+py of ft sopnrate compertsalion agree rants)provided for in paragraph 24A,or paragraph D of the saction MI&II Beal Estate arokem on page ID In depnsiled with Escrow Holder by Broker,Escrow Holder shall atxaept much agreement(e)and pay Out from Buyer's-or Sdtlnrs hinds, or both, as.applfcabte, The Brokers o0viarmation provided for fn suoti agroomenl(s).'tire tefma kind condiltons of this Agreernanl not sal forth In the apeciffed paragraphs are eddNional nisftera furl-iha Informallan of Escrow Molder, but about which Escrow Holder near] hot 4s conoamed. Buyer and Seller wilt receive Escrow tlaldar`s janarel provigignt, if+any, directly from Escrow Holder and will execute such provisions wilhtn this Irma spewed In paragraph 913(1)(c). TO the extant the gangral pre igfuna are inoanstatenl or oonfild with lhto Agroesmant, the general pmv741orrs*1 control as la the duties and obllgatlona of Farrow Holder duly. btsyer and 9ralier will execute addAlanRl inatruOlfono. documents and forme provHad by Escrow Holder that ore reasonably necessary to ctosra the esorcm and, as dtrerwted by Escrow Hokfer, withln 3(or }Elliya, ahali pay to l$craw 1#alder or HOA or H[7q rrsanpflentetit rO mmpany or others any fee required by paregrephs g, 11 or etsawha re,In this Ag roam em. B. A Copy of IN$ Agreernont Including arty counter offorls) and addendici shill be delivered In Escrow Holder within 3 Days After Acl taptancR(or _ ).Buyer Arai Sailer authorize E9cro w+'HOkfar to accept and nfty on Copies and Signatures as definedIn CI1kg Agrgefr+anf*a originals, to often escrow and for other purpor►as of escrow.Ths vraildily of this Agreement as between 00yar and Sailor is not aff9cted by whefhor or wh+sn Ezorow Molder Slane this Agreement. 178crow Holder shall provide '5,mllees Statement of Information to Title company wharf received from Sonar. If Smiler delivers an o fWavit to Farrow Holder to salisly Seller'% RRPTA obligallon undisr paragraph t2a, Escrow Holder AhaR deliver to Buyer a OualIfind Substittrtn rsteitament that cefrgrlles with federal LAW. C. Brokarn are a party to the escrow for the cola Purprroe of ournpenagWri PuraVont to pgrveraph 24A and paragraph D of Me Walton lulled Real Eerlata Brokers an page 11, Buyer and Sailer irrevocably aegfg(1 In Srokary Wnll)enaatftm Mactftad In paragraph 24A, and Irrevocably Instruct Ednrow ldofder to disburse tluase Funds to Brokerre at Close Of t_tumw or pursuant to any other hmuJustly executed eanoellatlon agreelrionl. Campenaallon Instrucllarrn CAn lie amended or revoked only with the written c.4nsent of Brokeiras, Atryer and Seller ah4 release and hold harrrnleas Escrow 110ider frormr any hablllry ra8utltng from Escrow Holder's payment to Brokerfs) of wrnpons0on pursuant Ip this Agreement. Er. Upon mcalpf, F-scrow Holder shall provide Seller atrrl Solliges Hrofw veriRcation of Buyer's dennift of funds pursuant to paragraph 3A and 30. Onoe Fr,crow Holder becomes aware of any of-the follottidng, Encraw Hdt4of$hall immediately nolffy all Brokers:(I) If Buyers ln)(W at any additional deposlt to not;made pursuant to this Agreement, or Is not good at time of depn%lt with Escrow Holder,, m(11)if Ruymr and 5ellor Instant Euero+w Holden it)cancel eeuow. Bayer's VLPA REVISED 17110(PAGE 8 OF ti) VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 8 OF 11) wrMw.rn uW+TaFrxnx n�?inlupw rrrrirrt r:rrtr.a r,rn.eons.Prniw,rAc+Ro^vstt2s w.w„N ti,rr� lU]N M1fglu h'i DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EA8564638 Nay. 9. 2014 7; 16PV Nn. 0647 P. 13 uocutogl e%nvmope iu,i bL;Aft5ti-32EC-45B9-955D=069D94F98A17 Property Addresg;283 N fsft S1, he rEAsfivna,Ca 92620 _ Date.May 5,�2019T_ _ E A Gopy of any aamondment that alleds €any paragraph of this Agreameol fdr vj%ch Escrow Hoidar is raesponrlble Ghall be delivered to Etaow Hofder withIri 3 Days alter mutual executlorr orthe ernehdlt'iOnta 27.REMEbIES FOR BUYE=R'S 13REAC:if(IF CONTRAdT: A. At,y Clause added by the IPartlea specifying a rarnedy.(such as ralaaes or forfeiture of deposit or choking a deposit non- refundAbld)for JAllUre of Buyer to complete tho pumhaee in vloiadon of this Agremement shall be deerne+td Invalid unless the clause Indepandontly t4tieflas the mAtutory liquidated damages auqulrem+ents sat forth In the Civil Code. 5, LIOLWATED bAMAG56:If Buyerfalils its asortaplafa*his purchoso bacause of Buyer's default,Saftersholl ra Uln,as liquidated dar ageas,tho drsposit aebialty paid.Buyer and:ellor stares that thla tanount is a rsae6nableaurn given that it In impractical or extrsilattly dtlffcufk to efsUblish t#tv amount of dhmalges that would actueffy he suffered by Saffer In the event Buyerware to beiesch this Agreement,Relea ss of funds w1l)require rrtutual.Signed release Instr factions from boti)Buyer and Serlhw,judicial deefelon or tar Wartion awterd.AT11ME OF ANY INCREASED DEPOSIT 13UYER AND SELLER SHALT.StON A SEPARATE L 14t)(DATED DAMAGES PROVISION INCORPORATING THE iNCREASED nl~POSIrAS LIQWDATED DAMAGES(C.A.R.FORIM RJU), Buyer's fnlilals, I' Seller'$Initlais 29.DISPUTE RL'tt"UTION: A. MEDIATION; The Pettles agree to medla is any dInputo or clalm Arlaing betwaen them out of this Agreement, or any resulting transadioh, before rewrting to arbitmdan or court Action lhrouph the C A,R Consumer Madfaation (;enter (www. contsumeamedlation.org) or through any War madiallon provider or gervfca mUtuafly agreed to by the Parliee, The Parties *No agreo to modiatef shy disputes or alslms vO h 8roker1a),who,in wriOng,ogre*to such mediation prior to,or within a reasonable urns after, the dispute or alaim Is presented to the Broker, MatIlAtlnn fees, if arty, shall be divided equally among the Paities involved. If, for any.dispute or:calm to which this paragraph applies, any Party (i) coro mEmras an acllon without first etternpllng to resolve the matter Ituough mediaatlon, or(i)before =nmeneAment of an action, reEuees to mediate after a request hoe been nl dq,ihers that Party shall not bet ant}tled to recover anortiby facts,even if they would otherMse be avolkble to that Party in any such action. THiS MEDIATION PROVISION APPLIES WFtL=fHER OR NOT THE:ARBITRATiON PROVISION IS iNIIIALED,Exclusions from this medfation agrraemant are specified in paragraph 28C_ 8, ARBITRATION OF DISPUTES: The Partlas argme that any dlsput€e ore.110 r In Law or equity arls)ng between them out of this Agreaermant or any resulting transaction, Whldh Is not settled thr6uph madl ffion, shalt be decided by heutrMl, binding arbWatlon. The Portray aino ague to afbitrstt* any dispute*or claims with Broker(s),who,In waiting, ogres to such arbibAllon prfror to,or wvithIn a reeareonabls time after,_the dispute or claim Is presented to}he Art*ior,Ttw aatbftritor shall be a retlred judge or justico,or an attorney wale at toast fr years of(ralrraactioml Yval senate Law experfon", unless the part!" mutually agree to a different Arbitvaater.The Patties shall'hmm tits right to discovery In%cooretance with Code of Civil Procedtire§1289.45,in all othn respects,the artaltrttfon ahall ba:c6hduatid In accordance whir Title 9 of'Part 3 of the Code of CMI Prooedure. Judgwont upon the award of the artittratror(s)may be entered Into any court having jurisdiction_ Enfmcemant of this aagr"ment to aroltrats shell be gaaverleed by the F"rW Arbltration Act.Exclusions from this arbltradon agreement are spaGlfted In pertrgr&ph 28C. "NOTICE. I3Y INITIALING fN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY OISPUTE ARISING Our Oi- THE MArrERS INCLUDeQ IN THE 'ARBiTRATiON OF DISPUTES' PROVISION DECi0ED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE tiMNt3 UP ANY (RIGHTS YOU'MIGHT POSSESS TO HAVE THE ©iSPUTE LI'"GATED IN A COURT OR JURY TWAL. BY INMAI-fNG IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUF31CIAL. (RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE (RIGHTS ARE SPECIFICALLY INCLUDED iN THE 'ARBIMTiON OF DISIsUTEV PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEINO TO THIS PROVISION,YOU MAY BE COMPELLED TO ARBiTIR,ATE UNDER T"E AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE.YOUR AGR15EMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY." 'WE HAVE READ AN©UNDERSTAND THE FOREGOING AND AGREE TO SIJBWiIT DISPUTES ARIBfNG OUT OF THE MATTERS iNCLUDED IN THE"ARPITIRATION OF MPUTES'PROVISION TO NEUTRAL ARi31'rRATION..." buyer&In+tints _ Seller's Initials_ i .gal *' C. ADUITiONAL NI-ED RON AND ARaiTRATION TF..RMS: (1) EXCLUSIONS: The foltowing ntAtOrs era excluded frnm mediation and Rrbitratlon, (1) a judIclal or non-judicial foreclosure or atf►wr action orpnaceeding to enforcer a da*d of tnifrt,mof#gegw or inatatlment land sale contract as defined In Civil Cedx§2985;(0)An unlawful+detalher action; and(M)any matter that In witf►ln the jurfadfntfon of at probate,smell claims or bankruptcy court, (2) PRESERVATION OF A0(ONS: The follwoing shall not constittirte sae wilver nor vinlatlan of the mediation and arbt"Non provisions: 0)the Flung of a court adton to preaesrve a statute of itmltattenR, (ll)Etta thin of a court actibn to,sn0ble the recording of a notice of pending actim for order of attachment,rooeiverahip,Injuncttean,or other provisional remedies;or(lit)the Ming of a mect"10's lien. (3) BROKERS: Emketo shatl not be oWparted nor oompallerd to madly o or afbitrats unlo"s thcry agree to aio so in writing.Airy 6'roker{e)V*rtiolpAting in modimlon or orbitrattcm shall not he deamod a psety to the Agreamont. 29.SLILECTION OF SERVICE PRC7ADERS: Arokers do riot guarantee the pe3rforrmarim of any vendors, ;ervlrn or prrrauct providers ('Piavidemt , whelher,referred by Broker or selected by%yer, Seilar 6r other person.Buyer and Seller may select ANY Frovfdrsrs df their own nosing. B.tryees Initlab VLPA RF VISRO 1 A (PAGE 9 OF 11 VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 9'0F ti) PralvWwrthjWr+ try[$1 D& 1070 rTt+.M%Road Frweer,MkNkW 45005 ftWj*W2{&M 223 R'MO.St DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May, 9. 2019 7: ?'lPM V 0647 P. 14 Properly Addr6se:283 N Main S_t Liaxa f1` ore,Ca 02!530 L below Mfr. e�1r .7075 30.MULTIPLE i STINQ SERVICE("lyfLS"}: Brokers are aulhOrrzed to report to the MILS a pending salsa and, Upon Close Of Escrow• the sales price and olher tarmn of this transectian shall be provided la the MLS to be published and disseminated to persons and errt111e6 authorized to use(Im information on terms approved by the WS, 31,ATTORNEY FEES: in any af:tfon,procOeldirlg,or arbitration between Buyer and Seller Mains out of his Agreement, the prevailing Buyer,or Seller shall ho entftled to reasonabfe attorneys leas end coda fro'M the non-prevailing Buyer or Sallar, 9x0epl as provldad in paragraph 26A. 32.ASSIGNMENT-,Buyer shah not 99549n all or any part of Buyer's interest in this Agreement without first having obtalno the written consent of Seiler Such consent shalt not be utyaawnabty withhatd unle38 otheriMse agreed in wriling. Arty total or panial atsslVrtmarrt Buell nol relfeve Buyer of Buysf3 0WIV01lone punuatrt to itaia Agr"ment unless othttrr itie agreed in writing by Seger(C A.R.i=ntro AOAA). 33.EQUAL HOUSING OPPORTUNITY,This property Is sold(h compltance with federal,state and local anti-dl9criminatiOn Laws. 34.TERMS AND CONDITIONS OF OFFER: This Is an offer to purchase the Property on the above terms and Condif3ons. The liquidated damages paragraph or the arbbation of deputes paragraph is incorporated in'Ihis A"ment if initialed by all Parties or If incorporated by nnrtual agreanrent in a counteroffer or addendum• If at legal One but not all Flartion Initial, a Csauntor rta lb any Iced until Agreement is raerhed. Se11er €tats the right to conttttue to offer tixs Property for sale and to accept any other offer at any Ito;a prfor to notificstien or Acceptance. Buyer has reed Wd ocknowledges roceipt of a Copy of the offer and agrees to the roWMIRtlon of agency ralaticnahips, if tats offs? is aaoept d and l3uy©r subsequently defaults, Buyer may he resprrnstbfa for payment of Brokers'compensation. This Agreement and any supplempfnt, addendurn or modification, including any Copy, may be Signed in leave or more counlerpaeis,all of whldh shall constitute one and the Berne writing. 36.TIME OF FSSENCE; ENTIRE CONTRACT; CHANGES: T(me is of 1110 essence, AA underaiandfngs between the Pfrtles are incorporated in this Agreement. Its terms are Intended by the parties, as a final, Mmpleta and excfus[va expression of their Agreement with respect,to its sub)". matter.and may not be contradicted by evidence of any prior agreement or contemporaneous oral agrnsr Ont. If any provl®lort of ills Agreement Is held to ba fnktRactire or invalid,the remaining proviclonc will rre,vertheltm be given fulr farce and effect, Except as ot#ntnvfse speciffed, this Agreement shall be Interpreted end disputes shag he resolved In accmdance wth the Lawa of tha 30te of r.offornia,Nafther Il is Agreement nor any provhgton in it may be extended,amended, rnoollfied,skated or chorujad,except in writlnl3 Signed by IlWyer and Salter. 30.DEPINIT'IO NS:As used in this Agrtleftrani: A. "Acceptance"means the lime The offer or final counter offer Its accepted In vw;ting by a Party and is dskvwmrl to and imrsonally recolvad by the other Party or that Parly's authorized avant in sc cordan"with lho tsrrns of this offer or a flnul counter offer. 8. "Agmarnant" means this document and any counter offers and any iflrorporated xaddando, Cofloctively forrning the btriding Agreement between the Pwiiav,Addenda are Incorporated only whelt Signed by 911 Parties. C. "C.A.R,Form"means lee rnoM currehil varsfon'o€the sraeGMC form rafarr pond or enother compambfa form agmed to W Ilea parties. D. "Close Or EBCreW"meena the date the grant dead„or other evidence of tramilifer oftole.is raimrdeid E. "Copy"rngens copy by any mranR fncluding photocopy,NCR,fecslmlte end electronic. F. "Days" means calendar days-14mvever,at4er Arcoplancs, the last Davy for performance Of any act required by thin Agreement (including Close Of Escrow)attall not Ittcdudv any S;alurday,Sunday,Or legmt holiday and shall Instead be the next Day. G. "Days After" masna the apeclNAd number of Calendar days aftar tho occurrence of the "vent sppaclRed. not counting [he calendar date on which the aperlfled event Occurs.,and ending at 11:59 PM art the final day, H. "Days Prior" meals itse, sparlried number of cafertdsr days before the occurrence or the event speolfled, not eouniing the calendar date on urhfCl)the A;PW"hed avetr,t is SCh0dul0d to occur. 1. "Deliver", "Delivered" or "Detfvrtry", unless o4tterrutarr specified in writing, means and alai€ be affective, upon: personni receipt by Buyer or Seller or the Individual Real Estale LIGanses for that principal jig spitld&d in ilia section Iftlad Real Eel to Brokers on Pagel 1,ragwdlass of the method used(i.9., messenger,"tall,6111Ml,fax,other). J. "EleotrOnle Cop 'o'or"Electranto Signature"rsrrsans, an appocabie, an electronic copy or signalum complying wi Cat►fornIa Law. Buy0f,and Selhlr agree that eleclronir,mrAns will not be used by either Party to modffy or alter the content or Integrity of this Agreement without the knowledge and aontaani of fha other Party, K, "tartar"means any low,wdo,stalutsr,ordinance, ragufatlbn, Fula or ordat,which Is adopted by a controlling city, county,stale or federail legislative,Iudlclal or exaculives body or agency. L. "Repallre" means Any repelm (including past Control), alterations, neplikortrraents, modifications or retrofitting nr tha Property provided for under this Agrealrsenl. M, "319nedo means either a handwdlian or electronic slgnature on an origlnot document,Copy or anry count rpart. 37,EXPIRATION OF OFFER. This offer ahafl be dteernod revoked and the detporall, €f any,shell bn rr+tti y C !c1`Buyer unless the offer Is 51911ecl by Seller and a Copy of fhe Signer!offer Is personnRy rei*vad by Saynr,or by Jess( a$rn� elf Re/MAx,Rot !g f who Is 8`14110 ized to receive It, by 6:00 PM on then lhlyd Day After thN offer Is 819rlarl by Buyer(or by 0 Pte, ,� (date)). - ,IgtTne or more Buyers is algning the Agreement In A representative rapsclty and not for hilrtfharself as an tndlviduat. Sera attRfked Rsprvsasnttlllva Ctrprrrth+Sfgnntura Dtscloeure(C.A,'R, Farm RCSf]-Es)for addlifortel ieims, De BUYER I ISCIl.nc �- (Print name) ,Ifs of'Larke Erslrrvre _—� Date BUYER — _.__.., —. _ ---- -- � (Print name) DAddlOena)Signature Addendum attached(C.A.R.Fdrm ASA) — 4� VLPA REVIIIIeo 121`18(PARE 10 OF 11) ' t 3Mtbta Inidrafs( )� �•' :,_1�;;Q VACANT LAND PURCHASE AGREEMENT('VLPA PAGE 10 OF 11) Bpda1`r}+MhHrru,H61��e4Lapu Frfl7aR'A1enr M5e12np}Frluer,M qv X76 tnyit_WW)AY"M 283 11 M.6 SI DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May, 9, 2019 7: ?7PV No. 0647 P. 15 vur:ubw9n envelope,ru:dhIUAM�bt�;i[�l:-aed 1�N554-�dH(JH4t'5t3A17 Ptopea 7P.T,a8.Af3 CISchets canffr of at#ency ratlalion�hipa. Sglter has reetd•eltd asCkno�lrltxlgeg rBCtsFpl of a'Capy of this Rgra�Brrlatnl, and aulhflrizgs t3rokar to Deliver a 5fgn:zd CoQy tv 13tayer. 0(If riced�SEk�t 'S ACCEPTANCE IS SUBJECT TO Ati TACHE D COUNTER 0FF2R(C.A,R.Fern+9C0 ar gMC•O DA'T'ED: ❑ One or more Sellers le efgNngl the Agreement.In a representative cepnoity$Ad not for hlm/heraeH as an Individual. See attached Representative Capacdy SlpnetVra Dlactostrre(Ci'&R,Form RGSD-S)for oddiflonnl terms, Date SELLER _ fprint.name)Bar medl I rat (Print name) 7iT Cfalrrt a d'Fi u►t 4k Ch�t�Z)ving Trust E]Additional Sl.gngtureAdtteridurn'attaChed(C:A.R.Perm ASA), ^� L—/ _) ADO Wt, Initial If making u counter offer.)CONFIRMATION OF ACCEPTANCE-A Copy of Signed.ACeBptanra was (Irgllal>r) rmmonally rocelved by Shyer or Buyer's auftriznd agent on(dote) at ` AM/ PM.A binding Agreement is created wage:a Copy of Signed AcGeptaance to pimonalty rooah+sdby Buyer or Buyoea Ruthorlxed agent whotflcrr or not varrflrmed In We documeant. Compfettnn of this ctonfirrnation let not tegalty rsqulrod in order to creche 0 binding Agreement, it is solely intended to evidence tree daWthal Cbsrflrmrrtlon of Acceptance tine occurred. DEAL ESTATE BROKERS: A. Realm Estate Brokers■m not parties to the Agreement between Buyer and.'fthw. B, Agency ratatic?r oMpa apau,onFrmed as stated in paragr4ph 1. C. If a;pecJffed In paragraph 3A(7),Agent who SUbmiRed the Offer for Buyer ecknowledgea rcalpt of deposit. D, C00PERi APING (BUYEWS)BROKER COMPENSATION- Saftes Broker agnl"to pny Buyers Broker and 8uyaer'Broker agrees In rrccapt, out or Sellers stoker's proceeds in asamy, lhs an'lotIM sodu ed in the MILS.provided Buyer's Broker is a Participant of the MLS In'which ttra Property Is offered for sale or.8 reciprocal MLS.If SelfaYs Breaker and Buyer's Broker are not both Psrikc pantn of the MILS,nr It re4lPWAI MW,In which the PrOpefty lb offered for sale,then compansrrtlon mutt be aapadfied In a saparate written tsl moot(C.A.R.Fotm CBC).DecISFRli an of t.icenata end Tax(CAA,Form DLT)rrsay W used t6 document that tax reporting will be Zquir0d vI that on axomplIon 06916, E. PRESENTATION OF OFFER;Pursalasnt to sS(Wdard of'p1�raachm 1-1,N Buyer's Broker makes asl written request,Seller's 9t'oker shell conlinn.in writing that this offer has been pr6a*nted to S.413er, 9uy4«tAwke—ra�c;a Fir m Rerar"_a i r _ JAssi at Sm$� AE Lic�� 7 By1 �0 Llc.*01aai ? Date # Date Rcidrdsa X3974!( r rffs Rd: fi - 61hj1�Tettt19 018 Y_.-.- State 9—Zip W92 Telephone Fax. E-mail �iceemW1Zr@mv ,#r�Cr,tr�rifrtrcom T Ssllsr s Brokiwags FlrTm err 1 D RE U0.#O1IO3449 ey _ Eve ratt fmanirradl m i_in.#tiM88370 Dot DRE t1r..# Date_ r I Atidrama GityMttrlefa SfBte .A •Zito 2 2 Tetepnorla 6 674-081 Pax I +noel rettrrran k �o.c ESC R OW H dWff A CRN OwLeo a M likf Esc'"Heider acknovwOdpen reralp 0ta Copy of this Agreement ter dlecMd, Uj a dapom Ira the amount of,$ ) counier nffnr nurnbbrrs ❑3eihafe Staat"mid or tnformrrtwn bpd and Ograes to spt acs EaacW I foid6r sut>fa4l in owaiVaph 26 of.info Agrea;'nwal,any oupplernenial eacrow fnstrucibrir and The(arrrta of ji:arraw Hciders general provislono. Escrow Holder la advbad that the dale of CgnRirrrRtlap gfAcoeplado of the Agneemen(:ea between Buyer and Seller is Iftetow Holder Escrow of ay AAdm Esmow N*Wr hoes The!alltxving Ifpenrie number if — -- - Npertment of 9uslnean t7veritlghl, Ctflpslfnfent of tnautance, 22ar"W of Rear Ealale, - PRESENTAT10N OF OFFSR:( �Selfw's Broker prosented thla offer to Kellar one �ralar�nx ea se nittbk `__. riEJEC7t€3N OF OI FCR.{ )Fro counter offaer Is Heins made.This offer wax rel"ed by Saki-on __J1 ili}erTn"#eTi� T QJUO•7D1d CANrpa is Asioddon Of REALTORS*,Inc Urrhed 311188 wpyri{Ihl few t7t4n 17 U.8.Code)tarbkir t9 uncut mdzed dfelfPb,dkan,display and reprodoodon of Itks arm.ar dray pad fm ihoreot,err photocopy thoWn ra ti erny otfw me"s rm idimV frcetmM or copoe Aozed 1,7rmats. THIS FORM HAS SEEM ArPRdIrr1 Ry THE CALIFORNIA A5SCC ATIOrN 0P RFRI.TORSO(CA R;).(40 RFPRESENTATION fS MADE AS TO TFF.LFOAL VALUIITY OR ACCURACY or ANY PROVMIQN IN ANY sPpr;IFTC'rrkANSACT'ION A REAL ESTATE aRpxim I* THE PERSON rS ALWIrD TU AISVIBE ON REAR,E9T'ATt TRANSACTIONS.IF VOU DESIRE LFOAL Oft TAM AGVICE..4nNSIJLT AN APPROPRIATE PROP'--S&G"L. r Pubrkhod Sod DWrttwI@d by: Buyarit Ar*rWMe4q Ana 11 K pan al Rte{.F;WATE 9USLINESS 9ERViCE3,ING. fnl3 Ailredrnenl *-iobsWery of I to CA�OFONNO ASSgOCIArrant of REaGTM30 1 { I VLP'A REVISEDl1 /18(P�4 111 1511)amla eaD2o VACANT LAND PURCHASE AGREEMENT(VLPA PAGE 11 OF 11) PWAN3ad w16=Fm. n0by'ap4jj1x tV70 r vean PIN Rated Rarm.Waftow 4"2$ to NMtfi,$r DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May, 9. 20 19 '11. 16°M U. 0667 P. 16 Laocusign Envelope ID:38CAFE68-32EC4rBi- SC-MD04F59AI7 x C A L I F O R N I A BUYER'S VACANT' LAND ADDITIONAL INSPECTION A s S O C t A T r O N ADVISORY OF A.E A L T O R S.a 4C.A.1%FQrrn IMIA,Iitf3) Property Address,283 N Mail)Sri i ska Efslhq%Ca 92530 � ("fupew,). A. IMPORTANCE OF PROPER'(Y INVESTIGATiON: Tha physical condition of the ianri and irripravOmenls being pumhdsed m not gUarant"d by wither Salter or Srokem.For[his reason,you shcnrld conduct thorough mvbsfigsUons of the Property pernonnlly and with profesomnals who should provide written reports of th$fr investigalfons, A general physlcal inspection typically doses not cover all aspects Of the Prnpdrty nor Items affecting the Pmperty that nre not pia.ysically located an the Property. If 1118 prvfeseinnnls recommend further invealigatlons,1nrJudirig a recornrnandatlrm by a post contral operator to frwpeCt ktacCaSSible areas of the Property,you should contact quallfie#d exparfs to conduct auch addltlnna1 1nve909a110n*.AdditlonOy, some Ins pectfans,1 Uch as itlosa hated In slow,may b of partioular importanca w I i a n purchaalog vacaani Innd. B. BUYER R1014TS AND DUTIES: Ycau have an afermafive duty to exerciae reasonable cars to protect yourself, fncluding discovery of the legal, preocal and technical impll--talons of disclosed (acts, and the invaidigellon and verification of information and(sots that you know or that are within your diligent attention and observalidn. The purchase agreement gives you {hell right to invenligate the Property. If you exercise this right, and you ahouki,you rnLmt do so in accordanoa vAh line terms of that agreement. Thus Is the beet way for you I4 prolocf yourself. It to"tremely Important for you to read all written nepoRa provided by profiams#ldnefs and to dtscuiealts results of lnspeCtions with ft profeflslnnal who conducted ttie'inepedibnl You:Aove tfie right to request that Seder make repines, corrections or take other Action based upon items discovtlrsd In your invesligatione or disclosed by Sallar. If Seiler is unwilting or unable to sallnfy yUUr requests, or you do not avant to purchase the Property In HE ditdos;ed-and.dlacovpred candlfk)n, you have the right to cancal the agreement if yo v act within speclkr,tlme paariods.if(sold do riot cariod tha agraerrlent:In a timely and proper manner, you may be In breach of contract- C. SELLER RIGHTS AND OU'CIES: Satter is required to dinclose to you mtileflat facts known to dimmer that affect the value or desirabllfty of the Proporty. However. Satlar may not be award of 801116 Property defects or oondilkans. Seller dome not hove ap obligation to inspect the Property for your f main nor Is Setter ohlfgated to repelr, correct or aiherM5el cure tmown defbda that are disclosed to you or prmriovoly unknown defects that arcs dismvered by,pou or your lnspeclora during escrow, The purchase ngreeml3nt ohHgatea Sellar to make the Property avl?slfablo to you for Investigstlo.1s: Q. 19ROKER 061LIOATIONS: Brokers cis]not have experttIIe in all'ariea8 andthemsfore cannot advise you on many items,such as SOA elability, geokxllc or anvironmental cordlifons, hazardous or Breast C1DMre1 W substancas; structural conditions of the faimdeiton or other Improvements, or the condition of the roof,A)MIOing,heating, air rondttloning,electrical. Sewer, septic,waxtp disposal,or other SyBtem, The only way to aWirstoly deteraOR the corsditiora of the Pnotaetty f8 through an Inspection by an appropriate professional Olecled by you. If-Broker gives you referraln to such pmfessionsi6.Broker does not guarantee their performance. You may select any pr8tesytotthl Of your choosing. If you have erriered into a written agreement with a Bmker, the specifle;terms of that agreement will determine the mature and extent of that Brokeee duty to you. YOU ARI3 STRONGLY ADVISED TO INVESTIGATE THE CON13MON AND SUiTARMITY OF ALL ASPECTS OF 11HE PROPERTY. IF YOU DO NOT DO W,YOU ARE ACTING A(3AINST THE ADVICE OF BROKERS. E. YOU ARE APASED TO COWDUCT IWESTI[iAMNS OF•'fH9;ENTIRE PROPERTY;INCLUMNO,I3UT NOT L-IMIT11010 THE FOLLOYON13: 1.FINANCE! Fihonoing the purrhaRin of vacant land (((hors and aapneWly Rnanctrap cunsinreinn loans for the improvement at vacant land can provide particular challenges, including aubordlnation agroom"is and insurance requirements, Buyer Is advised to seek the assistance of reputable lenders In an8istence with their decisions nsgnrdlng Inancinp of the property. 2. CONSTRUCTION COSTS: if Buyer is contpmplating building Improvements an thin prmerty. Buyer in adWs.ed that they will have to cornaot directly arty contractors. sorvice providers, eifppttem, architacts, utility raolnpsnles regarding the costs of Impre venlents.Buyer Is advised to got written bids(earn all such persona regarding their decision to develop the pmpody, 3, UTILITIES: Unimproved property iatay or may not have u1111tfas av-61tabla to the praparty, Buyer(&) in advtsdcl to obtain information frurn the public or paivetR utility provider about the avellaNllty and o"I of providing utltfttes to the property and whether necessary easements sre in piece to allow such ullilties to the property. 4. ENVIRONMENTAL SURVEirt Unimproved land may have had or may have hazardous (naterleia stored upon or under the land at been used by persons engaged In aellviiia s exposing the land In hazardous matedala. The lend may 0180 bb head to protentod vege(Ation or animal life. 8uyar(s) is advised to saii ily lhamaelven as what hazards ar prAtacterf plant or animal life are on the property and what Impecf Ihev may have on Buyer's future plans for Itaa property lay saektng the help of o qualified professional. flows Initials --•--- - SY{lers In@9 ==toils; (. . 07013,Calt"s Assodatton of kEAI.T000,Inc. BVLiA 11M3(RAGE 1 OP 3) BUYERS VACANT LAND A00ITIONAL INSPECTION ADVISORY SVLIA PAGE 1 OF g rt PO+M1hrly�lrrrr,!]71A M>tryllitl rtW A SLI I.H 111-8 L.CA 41152. P hem-45E'1373713 rw,aluc4asam tl3 tt lldtt$7 Jrek1,�„+11 � iP,nauc.al wMh rlprarm�Iry r!m-rq,x 7aoYb FNreen raAs u.,vy e,wsw.Mlcr�n.tfl�� ,�,+47':��It.47SlsRiTi F.��-�.,�� DocuSign Envelope ID:09F8FD09-FAF8-4F92-A49A-195EAB564638 May, 9, 2019 7: 135M No, 6647 P. 17 uwwuly r.11 voiYNc i V..�UI.M(-000-3'LC�186 I`0.�04�1itl`JUllAF5tlA7l Property Add(ess:293 ly 1,91n$I L,,*a E S,,l rug Car 9753(! _- Date:A rsfT 15 204 v�9 �?...� 5. NAILINAL HAZARDS REPORTS, Suyer(s) Is advised that whskr rertilin dlictossures are required by state federal and focal laws, hazard disclnsuro camparllea can provide additlonal disclaeLges for berth nnnuraf snd mAn-rnade hazards or nulsanOas for a cost, Buyer Is Advised to sunk the advice of a natural )-mzards mporting company regarding additional repurfs ,anti di8cloarares flint buyer riray wish to obtain. S. SUBDIVISION OF THE PROPERTY..If BuyiWa plans Inc6de future subdivision of sties faroperty {Vhelher under the Subdlulsion Map Act of the Subdivider!Lands Law) msllflple, complex issues rtOsud.109 city;County,stale,and federal)atWa may tM preRented Huger is slrrmg(y advised to seek Nan advfca of California legal couns9t famlflar with federal, Mate and local 811bdiviol0n raqulrenxants. Fluy€ar and Softer Arknowledge and agrea that Broker: (I) Does not deckle what price Buyer Mould pay or Seller should accapf; (fl) Does not guarantee the condition of the Property; (ill) D"s not guarantee the { inrspnctinne, service.$, products or repaIrr, provided or made by Seller or others; (Iv) I]c s na4harr nuabflgatlon nR its 01 art I in5pectiort of common arses or arses off ties site of the f'rOpetly; {s) Shalt cleat tas responelbte far IdanHfying dofettrf on she Property, in comnarsn areas, or offsd#e unlegs such defoom ar1Q visually dbaervable by an inspeclion of rea4una of titre Property Or are kMWFI to Broker (vt) Shall [lot be responsible for ins actin ''ac cet;eltNe areas use of Property, (vii) t3haN not be re p. $ public retards or pa rn,lsr r ancerrninp the ills ar aimnafble far identifying the locaticn Of boundary line® or other linos affecting liffe; (villr Shall rat tae respdnglbfa far varifyfnq square footage, representation% of nthorg or InfOln"I IOn contained in Invesslgallon reports, 14[umple Ltsfing Sonata, advtsrfiaaflrents, ftyero or Ott PramOtlonal matetfal; (lx) Shalf not he responsible for providing la si or tax.advice regarding arty aspect of a transavctlon a nterrTd fnto by Buyer or Soler; and (x) Shad not be reMonslbte for providing Other advice or fnformation (hat sxce@r s the knowledge, education and experiences aequlred In perform real astale licanned aavity. Buyer And Soifer®grata to seek 16901,lox,insurance,fills and other desired assistance from anpmpdata professfonats. By signing"OW. Buyer and Seller each aaknowfadgO that they have raard, a Dopy Q1 undMrsf�rnd;ao6splCrand have itscelveid this Advisory.Buyer Is encouraged to road It careftrlfy, SELLER , B+r+14mada Von Date _ The char Jas Chun and fl a 4 Y nfT Uk Cheery LPvTng TruSf MwM BUYER Iwo S' Date BUYER Date - i +s THM�flt3,FORM['F S BEEN raver or REO By THD,�U11 0 S?atm 0*"Il taw(roe 17'U,S,rodot ft'%&the urafrshartxed dskle W,di1PWr and reprodwkn dr 84 roan,or e.ry Pull*sHernot,12V11Mluvanriy machine or any othw means.Inckrrflrlsr Meslrri;i9 v� raised formate. ACCURACY OFSANY pHUVISION IN ANY SPEClm TRANSACT NMA OF AE-ALTORW REAL ATEISRKPR (0 THEEPERSONOQUAALj FO TO ADVISE ON REAL E3 ATE TRAN5ACTiONS.IF YOU 6FSIRE LEGAL OR TAX ADW.e,COMSULTAN APPROPRIATE PR4FE5SjokAL. nlf form 4 made avalletf}a re reef cstale p®rfl-Oanxra lhruagh an agmemenrvd+h Or Pu"aw tam ma cdmnt a AgW.Wkxr or REAF_jORS%.to is Ixrr Irrrorrdsd to enitfy me 11e9r ON 6 Ri:ALTOR4,FIMAL tOF40 rs v e tratorrld 0Aa('Avm merr hip mark wnvrh m>sy be ubed onry W mnm'bera�f lha ra•ATILINAL A$SOCI1 h ftl(1F TcWd)a R3'l9whn rlUrr URM ld 46 COda Or E1hk-, Pub#ielled and Dlalribusad ey: REAL ESTATE BUSINESS SM/tcas,INC. a subsrdlery of the C 1rdurnrs ASBo>:lelr4n ofRE.AI.ropgq! 025 Sodth Virgil Avenus,Loa Angelica,California 0002D BVLIA 41113(PAGE 2 OF 2) BUYER'S VACANT LANG ADDITiC3'NAL INSFECtIC1M Af WSORY(BVLtA PAGE 2 OF 2) Produwdwllh zIPFarm*by'dnLagu 11%670FMomlSm.nma FMor,MApmrv.%a02s3 `Yd'H. L4Op.,kk;D La71 Y M.ra 5r