ADDENDUMNo.
(C.A.R.FormADM,Revised12/21)
ThefollowingtermsandconditionsareherebyincorporatedinandmadeapartofthePurchaseAgreement,ORResidential LeaseorMonth-to-MonthRentalAgreement,TransferDisclosureStatement(Note:AnamendmenttotheTDSmaygive theBuyerarighttorescind),Other , dated ,onpropertyknownas (“Property/Premises”), inwhich isreferredtoas("Buyer/Tenant") and isreferredtoas("Seller/Landlord"). Buyer/TenantandSeller/Landlordarereferredtoasthe“Parties.”
272 Evening Canyon
Corona Del Mar, CA 92625
20 Balboa Coves LLC
Bederman Stacey Samuel The Bederman Family Tr
Seller to cooperate with Buyers 1031 Exchange. Buyer/Seller will fill out C.A.R. forms once the exchange company has been identified.
Buyers intent is close as soon possible. Buyers property 20 Balboa Coves Newport Beach CA 92663 is in "Coming Soon" status in the MLS
Theforegoingtermsandconditionsareherebyagreedto,andtheundersignedacknowledgereceiptofacopyofthis Addendum.
Buyer/Tenant Date
Buyer/Tenant
Seller/Landlord
Seller/Landlord
20 Balboa Coves LLC
Bederman Stacey Samuel The Bederman Family Tr
3/28/2025
Date
Date
Date
©2021,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthis form,oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®(C.A.R.).NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANY SPECIFICTRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAX ADVICE,CONSULTANAPPROPRIATEPROFESSIONAL.Thisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromthe CaliforniaAssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeused onlybymembersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

PublishedandDistributedby: REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCALIFORNIAASSOCIATIONOFREALTORS® 525SouthVirgilAvenue,LosAngeles,California90020 ADMREVISED12/21(PAGE1OF1)
DatePrepared:
1.OFFER:
INSTRUCTIONS
A.THISISANOFFERFROM (“Buyer”). Individual(s),ACorporation,APartnership,AnLLC,Other .
B.THEPROPERTY tobeacquiredis ,situated in (City), (County),California, (ZipCode), Assessor'sParcelNo(s). (“Property”). FurtherDescribedAs (Postal/Mailingaddressmaybedifferentfromcityjurisdiction. Buyerisadvisedtoinvestigate.)
C.THETERMSOFTHEPURCHASEARESPECIFIEDBELOWANDONTHEFOLLOWINGPAGES.
D. BuyerandSellerarereferredtohereinasthe"Parties."BrokersandAgentsare not PartiestothisAgreement.
2.AGENCY:
A.DISCLOSURE: ThePartieseachacknowledgereceiptofa“DisclosureRegardingRealEstateAgencyRelationship”(C.A.R. FormAD)ifrepresentedbyarealestatelicensee.Buyer'sAgentisnotlegallyrequiredtogivetoSeller'sAgenttheADform SignedbyBuyer.Seller'sAgentisnotlegallyobligatedtogivetoBuyer'sAgenttheADformSignedbySeller.
B.CONFIRMATION: Thefollowingagencyrelationshipsarehereconfirmedforthistransaction.
Seller'sBrokerageFirm LicenseNumber
Isthebrokerof(checkone):theSeller;orboththeBuyerandSeller(DualAgent).
Seller'sAgent LicenseNumber
Is(checkone):theSeller'sAgent(Salespersonorbrokerassociate);orboththeBuyer'sandSeller'sAgent(DualAgent). Buyer'sBrokerageFirm LicenseNumber Isthebrokerof(checkone):theBuyer;orboththeBuyerandSeller(DualAgent).
Buyer'sAgent LicenseNumber Is(checkone):theBuyer'sAgent(Salespersonorbrokerassociate);orboththeBuyer'sandSeller'sAgent(DualAgent).
C. MorethanoneBrokeragerepresentsSeller,Buyer.See,AdditionalBrokerAcknowledgement(C.A.R.FormABA).
D.POTENTIALLYCOMPETINGBUYERSANDSELLERS: ThePartieseachacknowledgereceiptofa“Possible RepresentationofMorethanOneBuyerorSeller-DisclosureandConsent”(C.A.R.FormPRBS).
3.TERMSOFPURCHASEANDALLOCATIONOFCOSTS: TheitemsinthisparagrapharecontractualtermsoftheAgreement. Referencedparagraphsprovidefurtherexplanation.Thisformis17pages.ThePartiesareadvisedtoreadall17pages.
BCloseOf Escrow(COE) DaysafterAcceptance ORon (date) C 40A ExpirationofOffer 3calendardaysafterallBuyerSignature(s)or (date)at5PM or AM/PM
D(1) 5A(1) InitialDepositAmount
(%ofpurchaseprice) (%numberaboveisforcalculationpurposes andisnotacontractualterm)
within3(or)businessdays afterAcceptancebywiretransfer OR
D(2) 5A(2) IncreasedDeposit SeeattachedIncreasedDepositAddendum(C.A.R.FormIDA)
E(1) 5C(1) LoanAmount(s): First InterestRate Points $ (%ofpurchaseprice) FixedrateorInitialadjustablerate ●nottoexceed% ●Buyertopayupto pointstoobtain rateabove
E(2) 5C(2)AdditionalFinancedAmount InterestRate
Conventionalor,ifchecked, SellerFinancing AssumedFinancing SubjectToFinancing Other:
Conventionalor,ifchecked, SellerFinancing AssumedFinancing SubjectToFinancing Other:
G(3) 21
ObligationtocompensateBuyer's Broker
BuyerCompensationAffirmation
L(2) 8B Appraisal: Appraisalcontingency baseduponappraisedvalueata minimumofpurchasepriceor
L(3) 8C PurchaseofManufacturedHome Buyerhas(orhasnot)entered intocontracttopurchaseapersonal propertymanufacturedhome
L(4) 8D ConstructionLoanFinancing Adrawfromtheconstructionloanwill not(orwill)beusedtofinancethe Property
L(5) 8E,15 InvestigationofProperty
Selleragreestopay,outoftransactionproceeds,%ofthefinalpurchase priceAND,ifapplicable$ OR,ifchecked $ toward theobligationofBuyertocompensateBuyer'sBroker.
Buyeraffirmativelyrepresentsthat,atthetimethisofferismade,Buyerhasawritten agreementwithBuyer'sBrokerthat: (i) isvalid; (ii) coverstheProperty;and (iii) providesforcompensationfornolessthantheamountstatedabove.
Noappraisalcontingency Removalofappraisalcontingency doesnoteliminateappraisal cancellationrightsinFVAC.
17(or)DaysafterAcceptance ShallremainineffectuntiltheCloseOfEscrow oftheProperty REMOVALORWAIVEROF
17(or)DaysafterAcceptance
17(or)DaysafterAcceptance InformationalAccesstoProperty 17(or)DaysafterAcceptance Buyer'srighttoaccessthePropertyforinformationalpurposesonlyis NOT acontingency anddoes NOT createadditionalcancellationrightsforBuyer.
L(6) 8F Insurance
L(7) 8G,17A ReviewofSellerDocuments
17(or)DaysafterAcceptance CR-Battached
17(or)DaysafterAcceptance,or5Days afterDelivery,whicheverislater
L(8) 8H,16A Preliminary("Title")Report 17(or)DaysafterAcceptanceor5Days afterDelivery,whicheverislater
L(9) 8I,11E CommonInterestDisclosures PerCivilCode§4525orthis Agreement
L(10) 8J,9B(2) Reviewofleasedorlieneditems (E.g.solarpanelsorpropanetanks)
L(11) 8M SaleofBuyer'sProperty SaleofBuyer'spropertyisnota contingency,UNLESScheckedhere: C.A.R.FormCOPattached
17(or)DaysafterAcceptanceor5Days afterDelivery,whicheverislater
17(or)DaysafterAcceptance,or5Days afterDelivery,whicheverislater
P(1) 9 ItemsIncluded-AllitemsspecifiedinParagraph9Bareincludedandthefollowing,ifchecked:
P(2) 9 ExcludedItems: ; ;;
QAllocationofCosts Para#ItemDescriptionWhoPays (ifBothischecked,costtobe splitequallyunlessOtherwiseAgreed)
Q(1) NaturalHazardZoneDisclosure Report,includingtaxinformation
Q(2) 15B(1)(D)EnvironmentalSurvey(PhaseI)
Q(3) 10Gov'tPointofSaleRequirements Inspectionsandreports
Q(4) 22BEscrowFees
Q(5) 16Owner'stitleinsurancepolicy
BuyerSellerBoth Environmental Other
Providedby:
BuyerSellerBoth
BuyerSellerBoth
BuyerSellerBoth Eachtopaytheirownfees
EscrowHolder:
BuyerSellerBothTitleCompany(Ifdifferentfrom EscrowHolder):
Q(6) Buyer'sLendertitleinsurancepolicyBuyerUnlessOtherwiseAgreed,Buyer shallpurchaseanytitleinsurance policyinsuringBuyer'slender.
Q(7) Countytransfertax,fees
Q(8) Citytransfertax,fees
BuyerSellerBoth
BuyerSellerBoth
Q(9) 11E(2)HOAfeeforpreparingdisclosuresSeller
Q(10) HOAcertificationfeeBuyer
Q(11) HOAtransferfees
BuyerSellerBoth UnlessOtherwiseAgreed,Seller shallpayforseparateHOAmoveoutfeeandBuyershallpayfor separatemove-infee.Appliesif separatelybilledoritemizedwith costintransferfee.
Q(12) PrivatetransferfeesSeller,orifchecked,BuyerBoth
Q(13) (A) Reports (B) Reports
Q(14) (A) fees/costs (B) fees/costs
BuyerSellerBoth
BuyerSellerBoth
BuyerSellerBoth BuyerSellerBoth R 12 AdditionalTenancyDocuments IncomeandExpenseStatementsTenantEstoppelCertificate SOTHERTERMS:
4.PROPERTYADDENDAANDADVISORIES: (checkallthatapply)
A.PROPERTYTYPEADDENDA: ThisAgreementissubjecttothetermscontainedintheAddendacheckedbelow: ProbateAgreementPurchaseAddendum(C.A.R.FormPA-PA) ResidentialUnitsPurchaseAddendum(C.A.R.FormRU-PA) Other
B.OTHERADDENDA: ThisAgreementissubjecttothetermscontainedintheAddendacheckedbelow: Addendum# (C.A.R.FormADM)ShortSaleAddendum(C.A.R.FormSSA) BackUpOfferAddendum(C.A.R.FormBUO) CourtConfirmationAddendum(C.A.R.FormCCA) AssumedFinancingAddendum(C.A.R.FormAFA) Septic,Well,PropertyMonumentandPropaneAddendum(C.A.R.FormSWPI) BuyerIntenttoExchangeAddendum(C.A.R.FormBXA)SellerIntenttoExchangeAddendum(C.A.R.FormSXA) Other Other
Grantie Escrow
Date:
C.BUYERANDSELLERADVISORIES:(Note:AllAdvisoriesbelowareprovidedforreferencepurposesonlyandarenot intendedtobeincorporatedintothisAgreement.)
Buyer'sVacantLandAdditionalInvestigationAdvisory(C.A.R.FormBVLIA) FairHousingandDiscriminationAdvisory(C.A.R.FormFHDA) WireFraudAdvisory(C.A.R.FormWFA)
Cal.ConsumerPrivacyActAdvisory(C.A.R.FormCCPA) (PartiesmayalsoreceiveaprivacydisclosurefromtheirownAgent.)
WildfireDisasterAdvisory(C.A.R.FormWFDA) StatewideBuyerandSellerAdvisory(C.A.R.FormSBSA) TrustAdvisory(C.A.R.FormTA) ShortSaleInformationandAdvisory(C.A.R.FormSSIA) REOAdvisory(C.A.R.FormREO) ProbateAdvisory(C.A.R.FormPA)
Other
Other
5.ADDITIONALTERMSAFFECTINGPURCHASEPRICE: BuyerrepresentsthatfundswillbegoodwhendepositedwithEscrowHolder. A.DEPOSIT:
(1) INITIALDEPOSIT: BuyershalldeliverdepositdirectlytoEscrowHolder.Ifamethodotherthanwiretransferisspecified in paragraph3D(1) andsuchmethodisunacceptabletoEscrowHolder,thenuponnoticefromEscrowHolder,delivery shallbebywiretransfer.
(2) RETENTIONOFDEPOSIT:Paragraph36,ifinitialedbyallPartiesorotherwiseincorporatedintothisAgreement, specifiesaremedyforBuyer'sdefault.BuyerandSellerareadvisedtoconsultwithaqualifiedCaliforniareal estateattorney:(i)Beforeaddinganyotherclausespecifyingaremedy(suchasreleaseorforfeitureofdeposit ormakingadepositnon-refundable)forfailureofBuyertocompletethepurchase.Anysuchclauseshallbe deemedinvalidunlesstheclauseindependentlysatisfiesthestatutoryliquidateddamagesrequirementssetforth intheCivilCode;and(ii)RegardingpossibleliabilityandremediesifBuyerfailstodeliverthedeposit.
B.ALLCASHOFFER: Ifanallcashofferisspecifiedin paragraph3A,noloanisneededtopurchasetheProperty.This AgreementisNOTcontingentonBuyerobtainingaloan.Buyershall,withinthetimespecifiedin paragraph3H(1),Deliver writtenverificationoffundssufficientforthepurchasepriceandclosingcosts.
C.LOAN(S):
(1) FIRSTLOAN: Thisloanwillprovideforconventionalfinancing UNLESS SellerFinancing(C.A.R.FormSFA),Assumed Financing,SubjecttoFinancing,orOtherischeckedin paragraph3E(1)
(2) ADDITIONALFINANCEDAMOUNT: Ifanadditionalfinancedamountisspecifiedin paragraph3E(2),thatamountwill provideforconventionalfinancingUNLESSSellerFinancing(C.A.R.FormSFA),AssumedFinancing,SubjectTo Financing,orOtherischeckedin paragraph3E(2)
(3) BUYER'SLOANSTATUS: BuyerauthorizesSellerandSeller'sAuthorizedAgenttocontactBuyer'slender(s)to determinethestatusofanyBuyer'sloanspecifiedin paragraph3E,oranyalternateloanBuyerpursues,whetherornota contingencyofthisAgreement.IfthecontactinformationforBuyer'slender(s)isdifferentfromthatprovidedunderthe termsof paragraph6B,BuyershallDelivertheupdatedcontactinformationwithin1DayofSeller'srequest.
(4) ASSUMEDORSUBJECTTOFINANCING: SellerrepresentsthatSellerisnotdelinquentonanypaymentsdueonany loans.IfthePropertyisacquiredsubjecttoanexistingloan,BuyerandSellerareadvisedtoconsultwithlegalcounsel regardingtheabilityofanexistinglendertocalltheloandue,andtheconsequencesthereof.
D.BALANCEOFPURCHASEPRICE(DOWNPAYMENT,paragraph3F)(includingall-cashfunds) tobedepositedwith EscrowHolderpursuanttoEscrowHolderinstructions.
E.LIMITS ONCREDITSTOBUYER: AnycredittoBuyerasspecifiedin paragraph3G(1) orOtherwiseAgreed,fromanysource, forclosingorothercoststhatisagreedtobytheParties(“ContractualCredit”)shallbedisclosedtoBuyer'slender,ifany,and madeatCloseOfEscrow.IfthetotalcreditallowedbyBuyer'slender(“LenderAllowableCredit”)islessthantheContractual Credit,then (i) theContractualCreditfromSellershallbereducedtotheLenderAllowableCredit,and (ii) intheabsenceofa separatewrittenagreementbetweentheParties,thereshallbenoautomaticadjustmenttothepurchasepricetomakeupforthe differencebetweentheContractualCreditandtheLenderAllowableCredit.
6.ADDITIONALFINANCINGTERMS:
A.VERIFICATIONOFDOWNPAYMENTANDCLOSINGCOSTS: WrittenverificationofBuyer'sdownpaymentandclosingcosts, withinthetimespecified inparagraph3H(2) maybemadebyBuyerorBuyer'slenderorloanbrokerpursuantto paragraph6B
B.VERIFICATIONOFLOANAPPLICATIONS: BuyershallDelivertoSeller,withinthetimespecifiedin paragraph3H(3) aletter fromBuyer'slenderorloanbrokerstatingthat,basedonareviewofBuyer'swrittenapplicationandcreditreport,Buyeris prequalifiedorpreapprovedforanyNEWloanspecifiedin paragraph3E.Ifanyloanspecifiedin paragraph3E isan adjustablerateloan,theprequalificationorpreapprovallettershallbebasedonthequalifyingrate,nottheinitialloanrate.
C.BUYERSTATEDFINANCING: SellerisrelyingonBuyer'srepresentationofthetypeoffinancingspecified(including,butnot limitedto,asapplicable,allcash,amountofdownpayment,orcontingentornon-contingentloan).Sellerhasagreedtoaspecific closingdate,purchaseprice,andtoselltoBuyerinrelianceonBuyer'sspecifiedfinancing.Buyershallpursuethefinancing specifiedinthisAgreement,evenifBuyeralsoelectstopursueanalternativeformoffinancing.Sellerhasnoobligationto cooperatewithBuyer'seffortstoobtainanyfinancingotherthanthatspecifiedinthisAgreementbutshallnotinterferewithclosing atthepurchasepriceontheCOEdate(paragraph3B)evenifbaseduponalternatefinancing.Buyer'sinabilitytoobtainalternate financingdoesnotexcuseBuyerfromtheobligationtopurchasethePropertyandcloseescrowasspecifiedinthisAgreement.
7.CLOSINGANDPOSSESSION:
A.INTENDEDUSE: BuyerintendstousethePropertyasindicatedin paragraph3E(3).Intendedusemayimpactavailablefinancing.
B.CONDITIONOFPROPERTYONCLOSING: UnlessOtherwiseAgreed:(i)thePropertyshallbedelivered“As-Is”inits PRESENTphysicalconditionasofthedateofAcceptance;(ii)theProperty,includingpool,spa,landscapingandgrounds,is tobemaintainedinsubstantiallythesameconditionasonthedateofAcceptance;and(iii)alldebrisandpersonalpropertynot includedinthesaleshallberemovedbyCloseOfEscroworatthetimepossessionisdeliveredtoBuyer,ifnotonthesame date.IfitemsarenotremovedwhenpossessionisdeliveredtoBuyer,allitemsshallbedeemedabandoned.Buyer,afterfirst DeliveringtoSellerwrittennoticetoremovetheitemswithin 3Days,maypaytohavesuchitemsremovedordisposedofand maybringlegalaction,asperthisAgreement,toreceivereasonablecostsfromSeller.
C.BuyerisstronglyadvisedtoconductinvestigationsoftheentirePropertyinordertodetermineitspresentcondition. SellerandAgentsmaynotbeawareofalldefectsaffectingthePropertyorotherfactorsthatBuyerconsidersimportant. Propertyimprovementsmaynotbebuiltaccordingtocode,incompliancewithcurrentLaw,orhavehadallrequired permitsissuedand/orfinalized.
Date:
D. Sellershall,onCloseOfEscrowunlessOtherwiseAgreedandevenifSellerremainsinpossession,providekeys,passwords, codesand/ormeanstooperatealllocks,mailboxes,andallitemsincludedineither paragraph3P or paragraph9.IftheProperty isacondominiumorlocatedinacommoninterestdevelopment,Sellershallberesponsibleforsecuringorprovidinganysuch itemsforAssociationamenities,facilities,andaccess.BuyermayberequiredtopayadeposittotheOwners'Association(“HOA”) toobtainkeystoaccessibleHOAfacilities.
8.CONTINGENCIESANDREMOVALOFCONTINGENCIES:
A.LOAN(S):
(1)ThisAgreementis, unlessotherwisespecifiedinparagraph3L(1)oranattachedCRform,contingentuponBuyer obtainingtheloan(s)specified.Ifcontingent,Buyershallactdiligentlyandingoodfaithtoobtainthedesignatedloan(s). If thereisnoappraisalcontingencyortheappraisalcontingencyhasbeenwaivedorremoved,thenfailureofthe PropertytoappraiseatthepurchasepricedoesnotentitleBuyertoexercisethecancellationrightpursuantto theloancontingencyifBuyerisotherwisequalifiedforthespecifiedloanandBuyerisabletosatisfylender's non-appraisalconditionsforclosingtheloan.
(2)BuyerisadvisedtoinvestigatetheinsurabilityofthePropertyasearlyaspossible,asthismaybearequirementforlending. Buyer'sabilitytoobtaininsurancefortheProperty,includingfireinsurance,ispartofBuyer'sInsurancecontingency.Failure ofBuyertoobtaininsurancemayjustifycancellationbasedontheInsurancecontingencybutnottheloancontingency.
(3)Buyer'scontractualobligationsregardingdeposit,balanceofdownpaymentandclosingcosts arenotcontingencies of thisAgreement,unlessOtherwiseAgreed.
(4)Ifthereisanappraisalcontingency,removaloftheloancontingencyshallnotbedeemedremovaloftheappraisalcontingency.
(5) NOLOANCONTINGENCY: If"Noloancontingency"ischeckedin paragraph3L(1),obtaininganyloanspecifiedisNOT acontingencyofthisAgreement.IfBuyerdoesnotobtaintheloanspecified,andasaresultisunabletopurchasethe Property,SellermaybeentitledtoBuyer'sdepositorotherlegalremedies.
B.APPRAISAL:
(1)ThisAgreementis, unlessotherwisespecifiedinparagraph3L(2)oranattachedCRform,contingentuponawritten appraisalofthePropertybyalicensedorcertifiedappraiseratnolessthantheamountspecifiedin paragraph3L(2), withoutrequiringrepairsorimprovementstotheProperty.Appraisalsareoftenareliablesourcetoverifysquarefootage ofthesubjectProperty.However,theabilitytocancelbasedonthemeasurementsprovidedinanappraisalfallswithinthe InvestigationofPropertycontingency.Theappraisalcontingencyissolelylimitedtothevaluedeterminedbytheappraisal. Foranycancellationbaseduponthisappraisalcontingency,BuyershallDeliveraCopyofthewrittenappraisaltoSeller, uponrequestbySeller.
(2) NOAPPRAISALCONTINGENCY: If"Noappraisalcontingency"ischeckedin paragraph3L(2),thenBuyermaynotuse theloancontingencyspecifiedin paragraph3L(1) tocancelthisAgreementifthesolereasonfornotobtainingtheloanis thattheappraisalrelieduponbyBuyer'slendervaluesthepropertyatanamountlessthanthatspecifiedin paragraph 3L(2).IfBuyerisunabletoobtaintheloanspecifiedsolelyforthisreason,SellermaybeentitledtoBuyer'sdepositor otherlegalremedies.
(3) FairAppraisalAct: See paragraph33 foradditionalinformation.
C.MANUFACTUREDHOMEPURCHASE: Ifcheckedin paragraph3L(3),thisAgreementiscontingentuponBuyeracquiringa personalpropertymanufacturedhometobeplacedonthePropertyafterCloseOfEscrow.
D.CONSTRUCTIONLOANFINANCING: Ifcheckedin paragraph3L(4),thisAgreementiscontingentuponBuyerobtaininga constructionloan.
E.INVESTIGATIONOFPROPERTY: ThisAgreementis,asspecifiedin paragraph3L(5),contingentuponBuyer'sacceptance oftheconditionof,andanyothermatteraffecting,theProperty.
F.INSURANCE: ThisAgreementis,asspecifiedin paragraph3L(6),contingentuponBuyer'sassessmentoftheavailabilityand approvalofthecostforanyinsurancepolicydesiredunderthisAgreement.
G.REVIEWOFSELLERDOCUMENTS: ThisAgreementis,asspecifiedin paragraph3L(7),contingentuponBuyer'sreview andapprovalofSeller'sdocumentsrequiredin paragraph17A.
H.TITLE:
(1)ThisAgreementis,asspecifiedin paragraph3L(8),contingentuponBuyer'sabilitytoobtainthetitlepolicyprovidedforin paragraph16G andonBuyer'sreviewofacurrentPreliminaryReportanditemsthataredisclosedorobservableevenif notonrecordornotspecifiedinthePreliminaryReport,andsatisfyingBuyerregardingthecurrentstatusoftitle.Buyeris advisedtoreviewallunderlyingdocumentsandothermattersaffectingtitle,including,butnotlimitedto,anydocumentsor deedsreferencedinthePreliminaryReportandanyplottedeasements.
(2)Buyerhas 5Days afterreceipttoreviewarevisedPreliminaryReport,ifany,furnishedbytheTitleCompanyandcancel thetransactioniftherevisedPreliminaryReportrevealsmaterialorsubstantialdeviationsfromapreviouslyprovided PreliminaryReport.
I.CONDOMINIUM/PLANNEDDEVELOPMENTDISCLOSURES(IFAPPLICABLE): ThisAgreementis,asspecifiedin paragraph3L(9),contingentuponBuyer'sreviewandapprovalofCommonInterestDisclosuresrequiredbyCivilCode§4525 andunder paragraph11E (“CIDisclosures”).
J.BUYERREVIEWOFLEASEDORLIENEDITEMSCONTINGENCY: Buyer'sreviewofandabilityandwillingnesstoassume anylease,maintenanceagreementorotherongoingfinancialobligation,ortoacceptthePropertysubjecttoanylien, disclosedpursuantto paragraph9B(2),is,asspecifiedin paragraph3L(10),acontingencyofthisAgreement.Any assumptionoftheleaseshallnotrequireanyfinancialobligationorcontributionbySeller.Seller,afterfirstDeliveringaNotice toBuyertoPerform,maycancelthisAgreementifBuyer,bythetimespecifiedin paragraph3L(10),refusestoenterintoany necessarywrittenagreementstoacceptresponsibilityforallobligationsofSeller-disclosedleasedorlieneditems.
K.REMOVALORWAIVEROFCONTINGENCIESWITHOFFER:Buyershallhavenoobligationtoremoveacontractual contingencyunlessSellerhasprovidedallrequireddocuments,reports,disclosures,andinformationpertainingto thatcontingency. IfBuyerdoesremoveacontingencywithoutfirstreceivingallrequiredinformationfromSeller,Buyeris relinquishinganycontractualrightsthatapplytothatcontingency. IfBuyerremovesorwaivesanycontingencieswithout anadequateunderstandingoftheProperty'sconditionorBuyer'sabilitytopurchase,Buyerisactingagainstthe adviceofAgent.
L.REMOVALOFCONTINGENCYORCANCELLATION:
(1) Foranycontingencyspecifiedinparagraph3L,8,orelsewhereBuyershall,withintheapplicableperiod specified,removethecontingencyorcancelthisAgreement.
(2)ForthecontingenciesforreviewofSellerDocuments,PreliminaryReport,andCondominium/PlannedDevelopment Disclosures,Buyershall,withinthetimespecifiedin paragraph3L or 5Days afterDeliveryoftheapplicableSeller Documents,PreliminaryReport,orCIDisclosures,whicheveroccurslater,removetheapplicablecontingencyinwritingor cancelthisAgreement.
(3)IfBuyerdoesnotremoveacontingencywithinthetimespecified,Seller,afterfirstgivingBuyeraNoticetoBuyerto Perform(C.A.R.FormNBP),shallhavetherighttocancelthisAgreement.
M.SALEOFBUYER'SPROPERTY: ThisAgreementandBuyer'sabilitytoobtainfinancingareNOTcontingentuponthesaleof anypropertyownedbyBuyerunlesstheSaleofBuyer'sProperty(C.A.R.FormCOP)ischeckedasacontingencyofthis Agreementin paragraph3L(11)
9.ITEMSINCLUDEDINANDEXCLUDEDFROMSALE:
A.NOTETOBUYERANDSELLER: ItemslistedasincludedorexcludedintheMultipleListingService(MLS),flyers,marketing materials,ordisclosuresareNOTincludedinthepurchasepriceorexcludedfromthesaleunlessspecifiedinthisparagraph or paragraph3P orasOtherwiseAgreed.AnyitemsincludedhereinarecomponentsofthePropertyandarenotintendedto affecttheprice.AllitemsaretransferredwithoutSellerwarranty.
B.ITEMSINCLUDEDINSALE:
(1)AllEXISTINGfixturesandfittingsthatareattachedtotheProperty; (2) LEASEDORLIENEDITEMSANDSYSTEMS: Seller,withinthetimespecifiedin paragraph3N(1),shall (i) discloseto Buyerifanyitemorsystemspecifiedin paragraph3P or 9B orotherwiseincludedinthesaleisleased,ornotownedby Seller,orissubjecttoanymaintenanceorotherongoingfinancialobligation,orspecificallysubjecttoalienorother encumbranceorloan,and (ii) DelivertoBuyerallwrittenmaterials(suchaslease,warranty,financing,etc.)concerning anysuchitem.
(3)Sellerrepresentsthatallitemsincludedinthepurchaseprice,unlessOtherwiseAgreed, (i) areownedbySellerandshall betransferredfreeandclearofliensandencumbrances,excepttheitemsandsystemsidentifiedpursuantto paragraph 9B(2),and (ii) aretransferredwithoutSellerwarrantyregardlessofvalue.Sellershallcooperatewiththeidentificationof anysoftwareorapplicationsandBuyer'seffortstotransferanyservicesneededtooperateanySmartHomeFeaturesor otheritemsincludedinthisAgreement,including,butnotlimitedto,utilitiesorsecuritysystems.
(4)AcompleteinventoryofallpersonalpropertyofSellercurrentlyusedintheoperationofthePropertyandincludedinthe purchasepriceshallbedeliveredtoBuyerwithinthetimespecifiedin paragraph3N(1)
(5)SellershalldelivertitletothepersonalpropertybyBillofSale,freeofallliensandencumbrances,andwithoutwarrantyof condition.
(6)AsadditionalsecurityforanynoteinfavorofSellerforanypartofthepurchaseprice,BuyershallexecuteaUCC-1 FinancingStatementtobefiledwiththeSecretaryofState,coveringthepersonalpropertyincludedinthepurchase, replacementthereof,andinsuranceproceeds.
C.ITEMSEXCLUDEDFROMSALE: UnlessOtherwiseAgreed,allitemsspecifiedin paragraph3P(2) areexcludedfromthesale.
10.ALLOCATIONOFCOSTS
A.INSPECTIONS,REPORTS,TESTS,ANDCERTIFICATES:Paragraphs3Q(1),(2),(3), and (13) onlydetermineswhoisto payfortheinspection,report,test,certificateorservicementioned; itdoesnotdeterminewhoistopayforanywork recommendedoridentifiedinanysuchdocument.Agreementsforpaymentofrequiredworkshouldbespecified elsewhereinparagraph3Q,or3S,orinaseparateagreement(suchasC.A.R.FormsRR,RRRR,ADMorAEA). Any reportsintheseparagraphsshallbeDeliveredinthetimespecifiedin Paragraph3N(1)
B. GOVERNMENTPOINTOFSALEREQUIREMENTS: Pointofsaleinspectionsandreportsrefertoanysuchactionsrequiredto becompletedbeforeorafterCloseOfEscrowthatarerequiredinordertocloseunderanyLaw.Ifanypointofsalerequirement requiresrepairs,retrofitsoradditionalcostsbeyondaninspectionorreport,furtherwrittenagreementregardingcostsisrequired. Ifanagreementisreached,andunlessPartiesOtherwiseAgreetoanothertimeperiod,anysuchrepair,retrofit,orworkshallbe completedpriortofinalverificationofProperty.IfBuyeragreestopayforanyportionofsuchrepair,Buyer,shall (i) directlypayto thevendorcompletingtherepairor (ii) provideaninvoicetoEscrowHolder,depositfundsintoescrowsufficienttopayforBuyer's portionofsuchrepairandrequestEscrowHolderpaythevendorcompletingtherepair.Ifagreementisnotreachedwithinthe timeforremovingtheBuyerInvestigationcontingency,theneitherpartymaycanceltheAgreement.
11.SELLERDISCLOSURES:
A.WITHHOLDINGTAXES: BuyerandSellerherebyinstructEscrowHoldertowithholdtheapplicablerequiredamountsto complywithfederalandCaliforniawithholdingLawsandforwardsuchamountstotheInternalRevenueServiceandFranchise TaxBoard,respectively.However,nofederalwithholdingisrequiredif,priortoCloseOfEscrow,SellerDelivers (i) toBuyer andEscrowHolderafullycompletedaffidavit(C.A.R.FormAS)sufficienttoavoidwithholdingpursuanttofederalwithholding Law(FIRPTA); OR(ii) toaqualifiedsubstitute(usuallyatitlecompanyoranindependentescrowcompany)afullycompleted affidavit(C.A.R.FormAS)sufficienttoavoidwithholdingpursuanttofederalwithholdingLawANDthequalifiedsubstitute DeliverstoBuyerandEscrowHolderanaffidavitsignedunderpenaltyofperjury(C.A.R.FormQS)thatthequalifiedsubstitute hasreceivedthefullycompletedSeller'saffidavitandtheSellerstatesthatnofederalwithholdingisrequired; OR(iii) toBuyer otherdocumentationsatisfyingtherequirementsunderInternalRevenueCode§1445(FIRPTA).Nowithholdingisrequired underCaliforniaLawif,priortoCloseOfEscrow,EscrowHolderhasreceivedsufficientdocumentationfromSellerthatno withholdingisrequired,andBuyerhasbeeninformedbyEscrowHolder.
B.MEGAN'SLAWDATABASEDISCLOSURE: Notice:Pursuantto§290.46ofthePenalCode,informationaboutspecified registeredsexoffendersismadeavailabletothepublicviaanInternetWebsitemaintainedbytheDepartmentofJusticeat www.meganslaw.ca.gov.Dependingonanoffender'scriminalhistory,thisinformationwillincludeeithertheaddressatwhich theoffenderresidesorthecommunityofresidenceandZIPCodeinwhichheorsheresides.(NeitherSellernorAgentare requiredtocheckthiswebsite.IfBuyerwantsfurtherinformation,AgentrecommendsthatBuyerobtaininformationfromthis websiteduringBuyer'sinvestigationcontingencyperiod.Agentsdonothaveexpertiseinthisarea.)
C.NOTICEREGARDINGGASANDHAZARDOUSLIQUIDTRANSMISSIONPIPELINES: Thisnoticeisbeingprovidedsimply toinformyouthatinformationaboutthegenerallocationofgasandhazardousliquidtransmissionpipelinesisavailabletothe publicviatheNationalPipelineMappingSystem(NPMS)InternetWebsitemaintainedbytheUnitedStatesDepartmentof Transportationat http://www.npms.phmsa.dot.gov/.Toseekfurtherinformationaboutpossibletransmissionpipelinesnear theProperty,youmaycontactyourlocalgasutilityorotherpipelineoperatorsinthearea.Contactinformationforpipeline operatorsissearchablebyZIPCodeandcountyontheNPMSInternetWebsite.(NeitherSellernorAgentarerequiredto checkthiswebsite.IfBuyerwantsfurtherinformation,AgentrecommendsthatBuyerobtaininformationfromthiswebsite duringBuyer'sinvestigationcontingencyperiod.Agentsdonothaveexpertiseinthisarea.)
D.NATURALANDENVIRONMENTALHAZARDS: Sellershall,withinthetimespecifiedin paragraph3N(1),ifrequiredbyLaw: (i) DelivertoBuyertheearthquakeguideandenvironmentalhazardsbooklet,andforallresidentialpropertywith1-4unitsand anymanufacturedormobilehomebuiltbeforeJanuary1,1960,fullycompleteandDelivertheResidentialEarthquakeRisk DisclosureStatement;and (ii) evenifexemptfromtheobligationtoprovideaNHD,discloseifthePropertyislocatedina SpecialFloodHazardArea;PotentialFlooding(Inundation)Area;VeryHighFireHazardZone;StateFireResponsibilityArea; EarthquakeFaultZone;SeismicHazardZone;and (iii) discloseanyotherzoneasrequiredbyLawandprovideanyother informationrequiredforthosezones.
E.CONDOMINIUM/PLANNEDDEVELOPMENTDISCLOSURES:
(1) Sellershall,withinthetimespecifiedin paragraph3N(1),disclosetoBuyerwhetherthePropertyisacondominiumoris locatedinaplanneddevelopment,othercommoninterestdevelopment,orotherwisesubjecttocovenants,conditions, andrestrictions(C.A.R.FormSPQorESD).
(2) IfthePropertyisacondominiumorislocatedinaplanneddevelopmentorothercommoninterestdevelopmentwitha HOA,Sellershall,withinthetimespecifiedin paragraph3N(3),orderfrom,andpayanyrequiredfeeasspecifiedin paragraph 3Q(9) forthefollowingitemstotheHOA(C.A.R.FormHOA-IR): (i) CopiesofanydocumentsrequiredbyLaw(C.A.R.Form HOA-RS); (ii) disclosureofanypendingoranticipatedclaimorlitigationbyoragainsttheHOA; (iii) astatementcontainingthe locationandnumberofdesignatedparkingandstoragespaces; (iv) Copiesofthemostrecent12monthsofHOAminutesfor regularandspecialmeetings; (v) thenamesandcontactinformationofallHOAsgoverningtheProperty; (vi) petrestrictions; and (vii) smokingrestrictions(“CIDisclosures”).SellershallitemizeandDelivertoBuyerallCIDisclosuresreceivedfromthe HOAandanyCIDisclosuresinSeller'spossession.Sellershall,asdirectedbyEscrowHolder,depositfundsintoescrowor directtoHOAormanagementcompanytopayforanyoftheabove.
F.SOLARPOWERSYSTEMS: Forpropertieswithanysolarpanelsorsolarpowersystems,Sellershall,withinthetime specifiedin paragraph3N(1),DelivertoBuyerallknowninformationaboutthesolarpanelsorsolarpowersystem.Sellershall usetheSolarAdvisoryandQuestionnaire(C.A.R.FormSOLAR).
G.ADDITIONALDISCLOSURES: Withinthetimespecifiedin paragraph3N(1),ifSellerhasactualknowledge,Sellershall providetoBuyer,inwriting,thefollowinginformation:
(1) LEGALPROCEEDINGS: AnylawsuitsbyoragainstSeller,threateningoraffectingtheProperty,includinganylawsuits allegingadefectordeficiencyinthePropertyorcommonareas,oranyknownnoticesofabatementorcitationsfiledor issuedagainsttheProperty.
(2) AGRICULTURALUSE: WhetherthePropertyissubjecttorestrictionsforagriculturalusepursuanttotheWilliamsonAct (GovernmentCode§§51200-51295).
(3) DEEDRESTRICTIONS: Anydeedrestrictionsorobligations.
(4) FARMUSE: WhetherthePropertyisin,oradjacentto,anareawithRighttoFarmrights(CivilCode§3482.5and§3482.6).
(5) ENDANGEREDSPECIES: Presenceofendangered,threatened,“candidate”species,orwetlandsontheProperty.
(6) ENVIRONMENTALHAZARDS: Anysubstances,materials,orproductsthatmaybeanenvironmentalhazardincluding, butnotlimitedto,asbestos,formaldehyde,radongas,lead-basedpaint,fuelorchemicalstoragetanks,andcontaminated soilorwaterontheProperty.
(7) COMMONWALLS: AnyfeaturesofthePropertysharedincommonwithadjoininglandowners,suchaswalls,fences, roads,anddriveways,andagricultureanddomesticwellswhoseuseorresponsibilityformaintenancemayhaveaneffect ontheProperty.
(8) LANDLOCKED: TheabsenceoflegalorphysicalaccesstotheProperty.
(9) EASEMENTS/ENCROACHMENTS: Anyencroachments,easements,orsimilarmattersthatmayaffecttheProperty.
(10) SOILFILL: Anyfill(compactedorotherwise),orabandonedminingoperationsontheProperty.
(11) SOILPROBLEMS: Anyslippage,sliding,flooding,drainage,grading,orothersoilproblems.
(12) EARTHQUAKEDAMAGE: MajordamagetothePropertyofanyofthestructuresfromfire,earthquake,floods,orlandslides.
(13) ZONINGISSUES: Anyzoningviolations,non-conforminguses,orviolationsof“setback”requirements.
(14) NEIGHBORHOODPROBLEMS: Anyneighborhoodnoiseproblems,orothernuisances.
(15) SURVEY,PLANS,PERMITSANDENGINEERINGDOCUMENTS: IfinSeller'spossession,Copiesofsurveys,plans, specifications,permitsandapprovals,developmentplans,licenses,andengineeringdocuments,ifany,preparedon Seller'sbehalfoninSeller'spossession.
(16) VIOLATIONNOTICES:SellershalldiscloseanynoticeofviolationsofanyLawfiledorissuedagainsttheProperty.
H.MELLO-ROOSTAX;1915BONDACT: Withinthetimespecifiedin paragraph3N(1),Sellershall: (i) makeagoodfaitheffort toobtainanoticefromanylocalagenciesthatlevyaspecialtaxorassessmentontheProperty(or,ifallowed,substantially equivalentnotice),pursuanttotheMello-RoosCommunityFacilitiesAct,andImprovementBondActof1915,and (ii) promptly DelivertoBuyeranysuchnoticeobtained.
I.KNOWNMATERIALFACTS: Sellershall,withinthetimespecifiedin paragraph3N(1),DISCLOSEKNOWNMATERIAL FACTSANDDEFECTSaffectingtheProperty,including,butnotlimitedto,knowninsuranceclaimswithinthepastfiveyears, orprovideBuyerwithpermissiontocontactinsurertogetsuchinformation(C.A.R.FormARC),andmakeanyandallother disclosuresrequiredbyLaw.
J.SELLERVACANTLANDQUESTIONNAIRE: Sellershall,withinthetimespecifiedin paragraph3N(1),completeandprovide BuyerwithaSellerVacantLandQuestionnaire(C.A.R.FormVLQ).
K.SUBSEQUENTDISCLOSURES: IntheeventSeller,priortoCloseOfEscrow,becomesawareofadverseconditions materiallyaffectingtheProperty,oranymaterialinaccuracyindisclosures,information,orrepresentationspreviouslyprovided toBuyer,SellershallpromptlyDeliverasubsequentoramendeddisclosureornotice,inwriting,coveringthoseitems. However,asubsequentoramendeddisclosureshallnotberequiredforconditionsandmaterialinaccuraciesof whichBuyerisotherwiseawareorwhicharedisclosedinreportsprovidedtoorobtainedbyBuyerororderedand paidforbyBuyer.
12 TENANCYRELATEDDISCLOSURES: Withinthetimespecifiedin paragraph3N(1),andsubjecttoBuyer'srightofreview,Seller shalldisclose,makeavailableorDeliver,asapplicable,toBuyer,thefollowinginformation:
A.RENTAL/SERVICEAGREEMENTS:(i) Allcurrentleases,rentalagreements,servicecontracts,andotheragreements pertainingtotheoperationoftheProperty; (ii) Arentalstatementincludingnamesoftenants,rentalrates,periodorrental, dateoflastrentincrease,securitydeposits,rentalconcessions,rebatesorotherbenefits,ifany,andalistofdelinquentrents andtheirduration.Sellerrepresentsthatnotenantisentitledtoanyrebate,concession,orotherbenefit,exceptassetforthin thesedocuments.Sellerrepresentsthatthedocumentstobefurnishedarethosemaintainedintheordinaryandnormal courseofbusiness.
B.INCOMEANDEXPENSESTATEMENTS: Ifcheckedin paragraph3R,thebooksandrecordsfortheProperty,ifany, includingastatementofincomeandexpenseforthe12monthsprecedingAcceptance.Sellerrepresentsthatthebooksand recordsarethosemaintainedintheordinaryandnormalcourseofbusinessandusedbySellerinthecomputationoffederal andstateincometaxreturns.
C.TENANTESTOPPELCERTIFICATES: Ifcheckedin paragraph3R,TenantEstoppelCertificates(C.A.R.FormTEC).Tenant EstoppelCertificatesshallbecompletedbySellerorSeller'sagentanddeliveredtotenant(s)fortenant(s)tosignand acknowledge: (i) thattenant(s)'rentalorleaseagreementsareunmodifiedandinfullforceandeffect,(orifmodified,statingall suchmodifications); (ii) thatnolessordefaultsexist;and (iii) statingtheamountofanyprepaidrentorsecuritydeposit.Seller shallexercisegoodfaithtoobtaintenant(s)'signature(s),butSellercannotguaranteetenant(s)'cooperation.Intheevent SellercannotobtainsignedTenantEstoppelCertificateswithinthetimespecifiedabove,SellershallnotifyBuyerandprovide theunsignedonethatwasprovidedtotenant(s).If,afterthetimespecifiedforSellertoDelivertheTECtoBuyer,anytenant(s) signandreturnaTECtoSeller,SellershallDeliverthatTECtoBuyer.
Date:
D.SELLERREPRESENTATIONS: Unlessotherwisedisclosedunder paragraph11, paragraph12,orunderanydisclosure
DeliveredtoBuyer:
(1)SellerrepresentsthatSellerhasnoactualknowledgethatanytenant(s): (i) hasanycurrentpendinglawsuit(s), investigation(s),Inquiry(ies),action(s),orotherproceeding(s)affectingthePropertyoftherighttouseandoccupyit; (ii) hasanyunsatisfiedmechanicsormaterialmanlien(s)affectingtheProperty;and (iii) isthesubjectofabankruptcy.If Sellerreceivesanysuchnotice,priortoCloseOfEscrow,SellershallimmediatelynotifyBuyer.
(2)Sellerrepresentsthatnotenantisentitledtoanyrebate,concessions,orotherbenefit,exceptassetforthintherental serviceagreements.
(3)Sellerrepresentsthatthedocumentstobefurnishedarethosemaintainedintheordinaryandnormalcourseofbusinessand theincomeandexpensestatementsareandusedbySellerinthecomputationoffederalandstateincometaxreturns.
13.CHANGESDURINGESCROW:
A. PriortoCloseOfEscrow,Sellermayengageinthefollowingacts(“ProposedChanges”),subjecttoBuyer'srightsin paragraph13B:(i) rentorleaseanyvacantunitorotherpartofthepremises; (ii) alter,modify,orextendanyexistingrentalor leaseagreement; (iii) enterinto,alter,modify,orextendanyservicecontract(s);or (iv) changethestatusoftheconditionof theProperty.
B. (1)Atleast 7Days priortoanyProposedChanges,SellershallDeliverwrittennoticetoBuyerofsuchProposedChange (2)Within 5Days afterreceiptofsuchnotice,Buyer,inwriting,maygiveSellernoticeofBuyer'sobjectiontotheProposed ChangesinwhichcaseSellershallnotmaketheProposedChanges.
14.SECURITYDEPOSITS: Securitydeposits,ifany,totheextenttheyhavenotbeenappliedbySellerinaccordancewithanyrental agreementandcurrentLaw,shallbetransferredtoBuyeronCloseOfEscrow.Sellershallnotifyeachtenant,incompliancewith theCaliforniaCivilCode.
15.BUYER'SINVESTIGATIONOFPROPERTYANDMATTERSAFFECTINGPROPERTY:
A. Buyershall,withinthetimespecifiedin paragraph3L(5),havetheright,atBuyer'sexpenseunlessOtherwiseAgreed,to conductinspections,investigations,tests,surveysandotherstudies(“BuyerInvestigations”).
B. BuyerInvestigationsinclude,butarenotlimitedto:
(1)InspectionsregardinganyphysicalattributesofthePropertyoritemsconnectedtotheProperty,suchas:
(A)Ageneralinspection.
(B)Aninspectionforlead-basedpaintandotherlead-basedpainthazards.
(C)Aninspectionspecificallyforwooddestroyingpestsandorganisms.Anyinspectionforwooddestroyingpestsand organismsshallbepreparedbyaregisteredStructuralPestControlcompany;shallcoverthemainbuildingand attachedstructures;maycoverdetachedstructures;shallNOTincludewatertestsofshowerpansonupperlevel unitsunlesstheownersofpropertybelowtheshowerconsent;shallNOTincluderoofcoverings;and,iftheProperty isaunitinacondominiumorothercommoninterestsubdivision,theinspectionshallincludeonlytheseparate interestandanyexclusive-useareasbeingtransferred,andshallNOTincludecommonareas;andshallincludea report(“PestControlReport”)showingthefindingsofthecompanywhichshallbeseparatedintosectionsforevident infestationorinfections(Section1)andforconditionslikelytoleadtoinfestationorinfection(Section2).
(D)Aphaseoneenvironmentalsurvey,paidforandobtainedbythepartyindicatedin paragraph3Q(2).IfBuyeris responsibleforobtainingandpayingforthesurvey,Buyershallactdiligentlyandingoodfaithtoobtainsuchsurvey withinthetimespecifiedin paragraph3L(5).Buyerhas 5Days afterreceivingthesurveytoremovethisportionof theBuyer'sInvestigationcontingency.
(E)Anyotherspecificinspectionsofthephysicalconditionofthelandandimprovements.
(2)BuyerInvestigationsofanyothermatteraffectingtheProperty,otherthanthosethatarespecifiedasseparatecontingencies BuyerInvestigationsdonotinclude,amongotherthings,anassessmentoftheavailabilityandcostofgeneralhomeowner's insurance,floodinsurance,andfireinsurance.See,Buyer'sVacantLandAdditionalInspectionAdvisory(C.A.R.Form BVLIA)formore.
C. WithoutSeller'spriorwrittenconsent,Buyershallneithermakenorcausetobemade: (i) invasiveordestructiveBuyer Investigations,exceptforminimallyinvasivetestingrequiredtoprepareaPestControlReport,whichshallnotincludeany holesordrillingthroughstuccoorsimilarmaterial;or (ii) inspectionsbyanygovernmentalbuildingorzoninginspectoror governmentemployee,unlessrequiredbyLaw.
D. SellershallmakethePropertyavailableforallBuyerInvestigations.Sellerisnotobligatedtomoveanyexistingpersonalproperty. Sellershallhavewater,gas,electricityandalloperablepilotlightsonforBuyer'sInvestigationsandthroughthedatepossessionis deliveredtoBuyer.Buyershall, (i) bythetimespecifiedin paragraph3L(5),completeBuyerInvestigationsandsatisfythemselves astotheconditionoftheProperty,andeitherremovethecontingencyorcancelthisAgreement,and (ii) bythetimespecified in paragraph3L(5) or 3Days afterreceiptofanyInvestigationreport,whicheverislater,giveSelleratnocost,complete CopiesofallsuchreportsobtainedbyBuyer,whichobligationshallsurvivetheterminationofthisAgreement.ThisDeliveryof Investigationreportsshallnotincludeanyappraisal.
E.BuyerindemnityandSellerprotectionforentryupontheProperty: Buyershall: (i) keepthePropertyfreeandclearof liens; (ii) repairalldamagearisingfromBuyerInvestigations;and (iii) indemnifyandholdSellerharmlessfromallresulting liability,claims,demands,damagesandcosts.Buyershallcarry,orBuyershallrequireanyoneactingonBuyer'sbehalfto carry,policiesofliability,workers'compensationandotherapplicableinsurance,defendingandprotectingSellerfromliability foranyinjuriestopersonsorpropertyoccurringduringanyBuyerInvestigationsorworkdoneonthePropertyatBuyer's directionpriortoCloseOfEscrow.SellerisadvisedthatcertainprotectionsmaybeaffordedSellerbyrecordinga“Noticeof Non-Responsibility”(C.A.R.FormNNR)forBuyerInvestigationsandworkdoneonthePropertyatBuyer'sdirection.Buyer's obligationsunderthisparagraphshallsurvivetheterminationofthisAgreement.
F.BUYERISSTRONGLYADVISEDTOINVESTIGATETHECONDITIONANDSUITABILITYOFALLASPECTSOFTHE PROPERTYANDALLMATTERSAFFECTINGTHEVALUEORDESIRABILITYOFTHEPROPERTY,INCLUDINGBUT NOTLIMITEDTO,THEITEMSSPECIFIEDBELOW.IFBUYERDOESNOTEXERCISETHESERIGHTS,BUYERIS ACTINGAGAINSTTHEADVICEOFBROKERS.BUYERUNDERSTANDSTHATALTHOUGHCONDITIONSAREOFTEN DIFFICULTTOLOCATEANDDISCOVER,ALLREALPROPERTYCONTAINSCONDITIONSTHATARENOTREADILY APPARENTANDTHATMAYAFFECTTHEVALUEORDESIRABILITYOFTHEPROPERTY.BUYERANDSELLERARE AWARETHATBROKREESDONOTGUARANTEE,ANDINNOWAYASSUMERESPONSIBILITYFOR,THECONDITION OFTHEPROPERTY.BROKERSHAVENOTANDWILLNOTVERIFYANYOFTHEITEMSINPARAGRAPH15,UNLESS OTHERWISEAGREEDINWRITING.


G.SIZE,LINES,ACCESS,ANDBOUNDARIES: Lotsize,propertylines,legalorphysicalaccess,andboundariesincluding featuresofthePropertysharedincommonwithadjoininglandowners,suchaswalls,fences,roads,anddriveways,whoseuse orresponsibilityformaintenancemayhaveaneffectonthePropertyandanyencroachments,easements,orsimilarmatters thatmayaffecttheProperty.(Fences,hedges,walls,andothernaturalorconstructedbarriersormarkersdonotnecessarily identifytruePropertyboundaries.Propertylinesmaybeverifiedbysurvey.)(Unlessotherwisespecifiedinwriting,any numericalstatementsbyBrokersregardinglotsizeareAPPROXIMATIONSONLY,whichhavenotbeenandwillnotbe verified,andshouldnotberelieduponbyBuyer.)
H.ZONINGANDLANDUSE: Past,present,orproposedlaws,ordinances,referendums,initiatives,votes,applications,and permitsaffectingthecurrentuseoftheProperty,futuredevelopment,zoning,building,size,governmentalpermitsand inspections.Anyzoningviolations,non-conforminguses,orviolationsof“setback'requirements.(Buyershouldalso investigatewhetherthesemattersaffectBuyer'sintendeduseoftheProperty.
I.UTILITIESANDSERVICES: Availability,costs,restrictions,andlocationofutilitiesandservices,includingbutnotlimitedto, sewerage,sanitation,septicandleachlines,water,electricity,gas,telephone,cableTV,anddrainage.
J.ENVIRONMENTALHAZARDS: Potentialenvironmentalhazards,includingbutnotlimitedto,asbestos,lead-basedpaintand otherleadcontamination,radon,methane,othergases,fuel,oilorchemicalstoragetanks,contaminatedsoilorwater, hazardouswaste,wastedisposalsites,electromagneticfields,nuclearsources,andothersubstances,includingmold (airborne,toxic,orotherwise),fungusorsimilarcontaminant,materials,products,orconditions.
K.GEOLOGICCONDITIONS: Geologic/seismicconditions,soilandterrainstability,suitabilityanddrainageincludingslippage, sliding,flooding,drainage,grading,fill(compactedorotherwise),orothersoilproblems.
L.NATURALHAZARDZONE: SpecialFloodHazardAreas,PotentialFlooding(Inundation)Areas,VeryHighHazardZones, StateFireResponsibilityAreas,EarthquakeFaultZones,SeismicHazardZones,oranyotherzoneforwhichdisclosureis requiredbyLaw.
M.PROPERTYDAMAGE: MajordamagetothePropertyofanyofthestructuresornon-structuralsystemsandcomponentsand anypersonalpropertyincludedinthesalefromfire,earthquake,floods,landslides,orothercauses.
N.NEIGHBORHOOD,AREA,ANDPROPERTYCONDITIONS: Neighborhoodorareconditions,includingAgriculturalUse RestrictionspursuanttotheWilliamsonAct(GovernmentCode§§51200-51295),RighttoFarmLaws(CivilCode§3482.5 and§3482.6),schools,proximityandadequacyoflawenforcement,crimestatistics,theproximityofregisteredfelonsor offenders,fireprotection,othergovernmentservices,availability,adequacy,andcostofanyspeed-wired,wirelessinternet connections,orothertelecommunicationsorothertechnologyservicesandinstallations,proximitytocommercial,industrial,or agriculturalactivities,existingandproposedtransportation,constructionanddevelopmentthatmayaffectnoise,view,or traffic,airportnoise,noiseorodorfromanysource,abandonedminingoperationsontheProperty,wildanddomesticanimals, othernuisances,hazards,orcircumstances,protectedspecies,wetlandproperties,botanicaldiseases,historicorother governmentallyprotectedsitesorimprovements,cemeteries,facilitiesandconditionofcommonareasofcommoninterest subdivisions,andpossiblelackofcompliancewithanygoverningdocumentsorOwners'Associationrequirements,conditions, andinfluencesofsignificancetocertainculturesand/orreligions,andpersonalneeds,requirements,andpreferencesof Buyer.
O.COMMONINTERESTSUBDIVISIONS;OWNERASSOCIATIONS: Facilitiesandconditionofcommonareas(facilitiessuch aspools,tenniscourts,walkways,orotherareasco-ownedinundividedinterestwithothers),Owners'Associationthathas anyauthorityoverthesubjectproperty,CC&Rs,orotherdeedrestrictionsorobligations,andpossiblelackofcompliancewith anyOwners'Associationrequirements.
P.SPECIALTAX: AnylocalagenciesthatlevyaspecialtaxonthePropertypursuanttotheMello-RoosCommunityfacilitiesAct orImprovementBondActof1915.
Q.RENTALPROPERTYRESTRICTIONS: Somecitiesandcountiesimposerestrictionsthatlimittheamountofrentthatcanbe charged,themaximumnumberofoccupants,andtherightoflandlordtoterminateatenancy.
R.MANUFACTUREDHOMEPLACEMENT: ConditionsthatmayaffecttheabilitytoplaceanduseamanufacturedhomeontheProperty.
16.TITLEANDVESTING:
A. Buyershall,withinthetimespecifiedin paragraph3N(1),beprovidedacurrentPreliminaryReportbythepersonresponsible forpayingforthetitlereportin paragraph3Q(5).IfBuyerisresponsibleforpaying,Buyershallactdiligentlyandingoodfaith toobtainsuchPreliminaryReportwithinthetimespecified.ThePreliminaryReportisonlyanofferbythetitleinsurertoissuea policyoftitleinsuranceandmaynotcontaineveryitemaffectingtitle.ThecompanyprovidingthePreliminaryReportshall, priortoissuingaPreliminaryReport,conductasearchoftheGeneralIndexforallSellersexceptbanksorotherinstitutional lenderssellingpropertiestheyacquiredthroughforeclosure(REOs),corporations,andgovernmententities.
B. Titleistakeninitspresentconditionsubjecttoallencumbrances,easements,covenants,conditions,restrictions,rightsand othermatters,whetherofrecordornot,asofthedateofAcceptanceexceptfor: (i) monetaryliensofrecordunlessBuyeris assumingthoseobligationsortakingthePropertysubjecttothoseobligations;and (ii) thosematterswhichSellerhasagreed toremoveinwriting.Foranylienormatternotbeingtransferreduponsale,Sellerwilltakenecessaryactiontodelivertitlefree andclearofsuchlienormatter.
C. Sellershallwithin 7Days afterrequest,giveEscrowHoldernecessaryinformationtocleartitle.
D. Sellershall,withinthetimespecifiedin paragraph3N(1),disclosetoBuyerallmattersknowntoSelleraffectingtitle,whether ofrecordornot.
E. IfBuyerisalegalentityandthePropertypurchasepriceisatleast$300,000andthepurchasepriceismadewithoutabank loanorsimilarformofexternalfinancing,aGeographicTargetingOrder(GTO)issuedbytheFinancialCrimesEnforcement Network,U.S.DepartmentoftheTreasury,requirestitlecompaniestocollectandreportcertaininformationabouttheBuyer, dependingonwherethePropertyislocated.Buyeragreestocooperatewiththetitlecompany'sefforttocomplywiththeGTO.
F. Buyershall,afterCloseOfEscrow,receivearecordedgrantdeedoranyotherconveyancedocumentrequiredtoconveytitle (Forexample,forstockcooperativeortenancyincommon,respectively,anassignmentofstockcertificateorassignmentof seller'sinterestintherealproperty),includingoil,mineralandwaterrightsifcurrentlyownedbySeller.Titleshallvestas designatedinBuyer'svestinginstructions.TherecordingdocumentshallcontainBuyer'spost-closingmailingaddressto enableBuyer'sreceiptoftherecordedconveyancedocumentfromtheCountyRecorder.THEMANNEROFTAKINGTITLE MAYHAVESIGNIFICANTLEGALANDTAXCONSEQUENCES.CONSULTANAPPROPRIATEPROFESSIONAL.
G. BuyershallreceiveaStandardCoverageOwner'sCLTApolicyoftitleinsurance.AnALTApolicyortheadditionofendorsements mayprovidegreatercoverageforBuyer.Atitlecompany,atBuyer'srequest,canprovideinformationabouttheavailability, desirability,coverage,andcostofvarioustitleinsurancecoveragesandendorsements.IfBuyerdesirestitlecoverageother thanthatrequiredbythisparagraph,BuyershallinstructEscrowHolderinwritingandshallpayanyincreaseincost.
17.TIMEPERIODS;REMOVALOFCONTINGENCIES;CANCELLATIONRIGHTS:Thefollowingtimeperiodsmayonlybe extended,altered,modifiedorchangedbymutualwrittenagreement.Anyremovalofcontingenciesorcancellationunder thisparagraphbyeitherBuyerorSellermustbeexercisedingoodfaithandinwriting(C.A.R.FormCR-B,CR-SorCC).
A.SELLERDELIVERYOFDOCUMENTS: Sellershall,withinthetimespecifiedin paragraph3N(1),DelivertoBuyerallreports, disclosuresandinformation("Reports")forwhichSellerisresponsibleasspecifiedin paragraphs9B(2),10,11A,11D-J,12A, 12B,12C,16A,16D,and36.
B.BUYERREVIEWOFDOCUMENTS;REPAIRREQUEST;CONTINGENCYREMOVALORCANCELLATION
(1)Buyerhasthetimespecifiedin paragraph3 to:(i)performBuyerInvestigations;reviewalldisclosures,Reports,lease documentstobeassumedbyBuyerpursuantto paragraph9B(2),andotherapplicableinformation,whichBuyerreceives fromSeller;andapproveallmattersaffectingtheProperty.
(2)Buyermay,withinthetimespecifiedin paragraph3L(5),requestthatSellermakerepairsortakeanyotheraction regardingtheProperty(C.A.R.FormRR).SellerhasnoobligationtoagreetoorrespondtoBuyer'srequests(C.A.R. FormRRorRRRR).IfSellerdoesnotagreeordoesnotrespond,Buyerisnotcontractuallyentitledtohavetherepairsor otherrequestsmadeandmayonlycancelbasedoncontingenciesinthisAgreement.
(3)Buyershall,bytheendofthetimesspecifiedin paragraph3L (orasOtherwiseAgreed),DelivertoSelleraremovalof theapplicablecontingencyorcancellationofthisAgreement(C.A.R.FormCR-BorCC).Buyerisadvisednottoremove contingenciesrelatedtoreviewofdocumentsuntilafterthedocumentshavebeenDelivered.IfDeliveryofanyReportoccurs afteracontractualcontingencypertainingtothatReporthasalreadybeenwaivedorremoved,theDeliveryoftheReportdoes notrevivethecontingency.
(4) ContinuationofContingency: Evenaftertheendofthetimespecifiedin paragraph3L andbeforeSellercancels,ifat all,pursuantto paragraph17C,Buyerretainstheright,inwriting,toeither (i) removeremainingcontingencies,or (ii) cancelthisAgreementbasedonaremainingcontingency.OnceBuyer'swrittenremovalofallcontingenciesis DeliveredtoSeller,SellermaynotcancelthisAgreementpursuantto paragraph17C(1)
C.SELLERRIGHTTOCANCEL:
(1) SELLERRIGHTTOCANCEL;BUYERCONTINGENCIES: If,bythetimespecifiedinthisAgreement,Buyerdoesnot DelivertoSelleraremovaloftheapplicablecontingencyorcancellationofthisAgreement,thenSeller,afterfirst DeliveringtoBuyeraNoticetoBuyertoPerform(C.A.R.FormNBP),maycancelthisAgreement.Insuchevent,Seller shallauthorizethereturnofBuyer'sdeposit,exceptforfeesincurredbyBuyer.
(2) SELLERRIGHTTOCANCEL;BUYERCONTRACTOBLIGATIONS: Seller,afterfirstDeliveringtoBuyeraNoticetoBuyer toPerform,maycancelthisAgreementif,bythetimespecifiedinthisAgreement,Buyerdoesnottakethefollowingaction(s): (i) Depositfundsasrequiredby paragraph3D(1) or 3D(2) orifthefundsdepositedpursuantto paragraph3D(1) or 3D(2) arenotgoodwhendeposited; (ii) DeliverupdatedcontactinformationforBuyer'slender(s)asrequiredby paragraph5C(3); (iii) Deliververification,orasatisfactoryverificationifSellerreasonablydisapprovesoftheverificationalreadyprovided, asrequired byparagraph5B or 6A; (iv) Deliveraletterasrequired byparagraph6B; (v) Inwritingassumeoraccept leasesorliensspecifiedin paragraph8J; (vi) Cooperatewiththetitlecompany'sefforttocomplywiththeGTOasrequired by paragraph16E; (vii) Signorinitialaseparateliquidateddamagesformforanincreaseddepositasrequiredby paragraph 37; (viii) ProvideevidenceofauthoritytoSigninarepresentativecapacityasspecifiedin paragraph36;or (ix) Performany additionalBuyercontractualobligation(s)includedinthisAgreement.Insuchevent,Sellershallauthorizethereturnof Buyer'sdeposit,exceptforfeesallocatedtoSellerinthisAgreementandalreadypaidbyEscrowpriortocancellationofthis AgreementandnotificationtoEscrow.
(3) SELLERRIGHTTOCANCEL;SELLERCONTINGENCIES: SellermaycancelthisAgreementbygoodfaithexerciseof anySellercontingencyincludedinthisAgreement,orOtherwiseAgreed,solongasthatcontingencyhasnotalready beenremovedorwaivedinwriting.
D.BUYERRIGHTTOCANCEL:
(1) BUYERRIGHTTOCANCEL;SELLERCONTINGENCIES: If,bythetimespecifiedinthisAgreement,Sellerdoesnot DelivertoBuyeraremovaloftheapplicablecontingencyorcancellationofthisAgreement,thenBuyer,afterfirst DeliveringtoSelleraNoticetoSellertoPerform(C.A.R.FormNSP),maycancelthisAgreement.Insuchevent,Seller shallauthorizethereturnofBuyer'sdeposit,exceptforfeesallocatedtoSellerintheAgreementandalreadypaidby EscrowpriortocancellationofthisAgreementandnotificationtoEscrow.
(2) BUYERRIGHTTOCANCEL;SELLERCONTRACTOBLIGATIONS: If,bythetimespecified,SellerhasnotDeliveredany itemspecifiedin paragraph3N(1) orSellerhasnotperformedanySellercontractualobligationincludedinthisAgreement bythetimespecified,Buyer,afterfirstDeliveringtoSelleraNoticetoSellertoPerform,maycancelthisAgreement.
(3) BUYERRIGHTTOCANCEL;BUYERCONTINGENCIES: BuyermaycancelthisAgreementbygoodfaithexerciseof anyBuyercontingencyincludedin paragraph8,orOtherwiseAgreed,solongasthatcontingencyhasnotalreadybeen removedinwriting.
E.NOTICETOBUYERORSELLERTOPERFORM: TheNoticetoBuyertoPerformorNoticetoSellertoPerformshall: (i) bein writing; (ii) beSignedbytheapplicableBuyerorSeller;and (iii) givetheotherPartyatleast 2Days afterDelivery(oruntilthe timespecifiedintheapplicableparagraph,whicheveroccurslast)totaketheapplicableaction.ANoticetoBuyertoPerformor NoticetoSellertoPerformmaynotbeDeliveredanyearlierthan 2Days priortotheScheduledPerformanceDaytoremovea contingencyorcancelthisAgreementormeetanobligationspecifiedin paragraph17,exceptforCloseofEscrowwhichshall beDeliveredunderthetermsof paragraph17G,whetherornottheScheduledPerformanceDayfallsonaSaturday,orSunday orlegalholiday.IfaNoticetoBuyertoPerformorNoticetoSellertoPerformisincorrectlyDeliveredorspecifiesatimelessthan theagreedtime,thenoticeshallbedeemedinvalidandvoid.However,ifthenoticeisformultipleitems,thenoticeshallbevalid forallcontingenciesandcontractualactionsforwhichtheDeliveryofthenoticeiswithinthetimepermittedintheAgreementand voidastotheothers.SellerorBuyershallberequiredtoDeliveranewNoticetoBuyertoPerformorNoticetoSellertoPerform withthespecifiedtimeframe.
F.EFFECTOFREMOVALOFCONTINGENCIES:
(1) REMOVALOFBUYERCONTINGENCIES: IfBuyerremovesanycontingencyorcancellationrights,unlessOtherwise
Agreed,Buyershallconclusivelybedeemedtohave: (i) completedallBuyerInvestigations,andreviewofReportsand otherapplicableinformationanddisclosurespertainingtothatcontingencyorcancellationright; (ii) electedtoproceed withthetransaction;and (iii) assumedallliability,responsibilityandexpenseforthenon-deliveryofanyReports, disclosuresorinformationoutsideofSeller'scontrolandforanyRepairsorcorrectionspertainingtothatcontingencyor cancellationright,orfortheinabilitytoobtainfinancing.
(2) REMOVALOFSELLERCONTINGENCIES: IfSellerremovesanycontingencyorcancellationrights,unlessOtherwise Agreed,Sellershallconclusivelybedeemedtohave: (i) satisfiedthemselvesregardingsuchcontingency, (ii) electedto proceedwiththetransaction;and (iii) givenupanyrighttocancelthisAgreementbasedonsuchcontingency.
Date:
G.DEMANDTOCLOSEESCROW: BeforeBuyerorSellermaycancelthisAgreementforfailureoftheotherPartytoclose escrowpursuanttothisAgreement,BuyerorSellermustfirstDelivertotheotherPartyaDemandtoCloseEscrow(C.A.R. FormDCE).TheDCEshall: (i) beSignedbytheapplicableBuyerorSeller;and (ii) givetheotherPartyatleast 3Days after Deliverytocloseescrow.ADCEmaynotbeDeliveredanyearlierthan 3Days priortotheScheduledPerformanceDayforthe CloseOfEscrow.IfaDCEisincorrectlyDeliveredorspecifiesatimelessthantheagreedtime,theDCEshallbedeemed invalidandvoidandSellerorBuyershallberequiredtoDeliveranewDCE.
H.EFFECTOFCANCELLATIONONDEPOSITS: IfBuyerorSellergiveswrittennoticeofcancellationpursuanttorightsduly exercisedunderthetermsofthisAgreement,thePartiesagreetoSignandDelivermutualinstructionstocancelthesaleand escrowandreleasedeposits,ifany,tothePartyentitledtothefunds,less (i) feesandcostspaidbyEscrowHolderonbehalf ofthatParty,ifrequiredbythisAgreement;and (ii) anyescrowfeechargedtothatparty.Feesandcostsmaybepayableto serviceprovidersandvendorsforservicesandproductsprovidedduringescrow. Areleaseoffundswillrequiremutual SignedreleaseinstructionsfromtheParties,judicialdecisionorarbitrationaward.APartymaybesubjecttoacivil penaltyofupto$1,000forrefusaltoSigncancellationinstructionsifnogoodfaithdisputeexistsastowhichPartyis entitledtothedepositedfunds(CivilCode§1057.3).Note:NeitherAgentsnorEscrowHolderarequalifiedtoprovide anyopiniononwhethereitherPartyhasactedingoodfaithorwhichPartyisentitledtothedepositedfunds.Buyer andSellerareadvisedtoseektheadviceofaqualifiedCaliforniarealestateattorneyregardingthismatter.
18.REPAIRS: RepairsshallbecompletedpriortofinalverificationofconditionunlessOtherwiseAgreed.Repairstobeperformedat Seller'sexpensemaybeperformedbySellerorthroughothers,providedthattheworkcomplieswithapplicableLaw,including governmentalpermit,inspectionandapprovalrequirements.Repairsshallbeperformedinagood,skillfulmannerwithmaterialsof qualityandappearancecomparabletoexistingmaterials.Buyeracknowledgesthatexactrestorationofappearanceorcosmetic itemsfollowingallRepairsmaynotbepossible.Sellershall: (i) obtaininvoicesandpaidreceiptsforRepairsperformedbyothers; (ii) prepareawrittenstatementindicatingtheRepairsperformedbySellerandthedateofsuchRepairs;and (iii) provideCopiesof invoicesandpaidreceiptsandstatementstoBuyerpriortofinalverificationofcondition.
19.FINALVERIFICATIONOFCONDITION: BuyershallhavetherighttomakeafinalverificationofthePropertyconditionwithinthe timespecifiedin paragraph3J,NOTASACONTINGENCYOFTHESALE,butsolelytoconfirm: (i) thePropertyismaintained pursuantto paragraph7B; (ii) Repairshavebeencompletedasagreed;and (iii) SellerhascompliedwithSeller'sotherobligations underthisAgreement(C.A.R.FormVP).
20.PRORATIONSOFPROPERTYTAXESANDOTHERITEMS: UnlessOtherwiseAgreed,thefollowingitemsshallbePAIDCURRENT andproratedbetweenBuyerandSellerasofCloseOfEscrow:realpropertytaxesandassessments,interest,Sellerrentalpayments, HOAregularassessmentsduepriortoCloseOfEscrow,premiumsoninsuranceassumedbyBuyer,paymentsonbondsand assessmentsassumedbyBuyer,andpaymentsonMello-RoosandotherSpecialAssessmentDistrictbondsandassessmentsthat arenowalien.SellershallpayanyHOAspecialoremergencyassessmentsduepriortoCloseOfEscrow.Thefollowingitemsshallbe assumedbyBuyerWITHOUTCREDITtowardthepurchaseprice:proratedpaymentsonMello-RoosandotherSpecialAssessment DistrictbondsandassessmentsandHOAspecialoremergencyassessmentsthataredueafterCloseOfEscrow.Propertywillbe reassesseduponchangeofownership.AnysupplementaltaxbillsdeliveredtoEscrowHolderpriortoclosingshallbeproratedand paidasfollows: (i) forperiodsafterCloseOfEscrow,byBuyer;and (ii) forperiodspriortoCloseOfEscrow,bySeller(seeC.A.R. FormSPTorSBSAforfurtherinformation).Selleragreesallservicefees,maintenancecostsandutilitybillswillbepaidcurrentupand throughthedateofCloseOfEscrow.TAXBILLSANDUTILITYBILLSISSUEDAFTERCLOSEOFESCROWSHALLBEHANDLED DIRECTLYBETWEENBUYERANDSELLER.Prorationsshallbemadebasedona30-daymonth.
21.BROKERSANDAGENTS:
A.COMPENSATION:
(1) TimingofBrokerCompensation: SellerorBuyer,orboth,asapplicable,agreetopaycompensationtoBrokerasspecified inaseparatewrittenagreementbetweenBrokerandthatSellerorBuyer.CompensationispayableuponCloseOfEscrow, orifescrowdoesnotclose,asotherwisespecifiedintheagreementbetweenBrokerandthatSellerorBuyer.
(2) BuyerRepresentation;SellerPaymenttoCompensateBuyer'sBroker: BuyeraffirmativelyrepresentsthatBuyer,atthe timethisofferismade,hasawrittenagreementwithBuyer'sBrokerthat: (i) isvalid; (ii) coverstheProperty;and (iii) provides forcompensationfornolessthantheamountstatedin paragraph3G(3).Ifanyrepresentation(i)-(iii)isnottrue,thenSeller hasnoobligationtopayBuyer'sBroker.Theamountofcompensation,ifapercentage,willbebasedonthefinalpurchase price.Buyer'sobligationtopayBuyer'sBrokershallbeoffsetbyanyamountthatSellerpaysBuyer'sBroker
(3) Thirdpartybeneficiary: SelleracknowledgesandagreesthatBuyer'sBrokerisathird-partybeneficiaryofthisagreement andmaypursueSellerforfailuretopaytheamountspecifiedinthisdocument.
B.SCOPEOFDUTY: BuyerandSelleracknowledgeandagreethatAgent: (i) DoesnotdecidewhatpriceBuyershouldpayor Sellershouldaccept; (ii) DoesnotguaranteetheconditionoftheProperty; (iii) Doesnotguaranteetheperformance,adequacyor completenessofinspections,services,productsorrepairsprovidedormadebySellerorothers; (iv) Doesnothaveanobligation toconductaninspectionofcommonareasorareasoffthesiteoftheProperty; (v) Shallnotberesponsibleforidentifyingdefects ontheProperty,incommonareas,oroffsiteunlesssuchdefectsarevisuallyobservablebyaninspectionofreasonablyaccessible areasofthePropertyorareknowntoAgent; (vi) Shallnotberesponsibleforinspectingpublicrecordsorpermitsconcerningthe titleoruseofProperty; (vii) Shallnotberesponsibleforidentifyingthelocationofboundarylinesorotheritemsaffectingtitle; (viii) Shallnotberesponsibleforverifyingsquarefootage,representationsofothersorinformationcontainedinInvestigationreports, MultipleListingService,advertisements,flyersorotherpromotionalmaterial; (ix) Shallnotberesponsiblefordeterminingthefair marketvalueofthePropertyoranypersonalpropertyincludedinthesale; (x) Shallnotberesponsibleforprovidinglegalortax adviceregardinganyaspectofatransactionenteredintobyBuyerorSeller;and (xi) Shallnotberesponsibleforprovidingother adviceorinformationthatexceedstheknowledge,educationandexperiencerequiredtoperformrealestatelicensedactivity. BuyerandSelleragreetoseeklegal,tax,insurance,titleandotherdesiredassistancefromappropriateprofessionals.
C.BROKERAGE: NeitherBuyernorSellerhasutilizedtheservicesof,orforanyotherreasonowescompensationto,alicensed realestatebroker(individualorcorporate),agent,finder,orotherentity,otherthanasspecifiedinthisAgreement,in connectionwithanyactrelatingtotheProperty,including,butnotlimitedto,inquiries,introductions,consultations,and negotiationsleadingtothisAgreement.BuyerandSellereachagreetoindemnifyandholdtheother,theBrokersspecified hereinandtheiragents,harmlessfromandagainstanycosts,expensesorliabilityforcompensationclaimedinconsistentwith thewarrantyandrepresentationinthisparagraph.


A.ESCROWINSTRUCTIONPARAGRAPHS:Thefollowingparagraphs,orapplicableportionsthereof,ofthisAgreement constitutethejointescrowinstructionsofBuyerandSellertoEscrowHolder, whichEscrowHolderistousealongwithany relatedcounteroffersandaddenda,andanyadditionalmutualinstructionstoclosetheescrow:paragraphs1,3A,3B,3D-G, 3N(2),3Q,3S,4A,4B,5A(1-2),5D,5E,11A,11E(2),16(except16D),17H,20,21A,22,26,32,35,36,40, and 41. IfaCopy oftheseparatecompensationagreement(s)providedforinparagraph21AisdepositedwithEscrowHolderbyAgent,Escrow Holdershallacceptsuchagreement(s)andpayoutfromBuyer'sorSeller'sfunds,orboth,asapplicable,theBroker's compensationprovidedforinsuchagreement(s).ThetermsandconditionsofthisAgreementnotsetforthinthespecified paragraphsareadditionalmattersfortheinformationofEscrowHolder,butaboutwhichEscrowHolderneednotbeconcerned.
B.ESCROWHOLDERGENERALPROVISIONS: BuyerandSellerwillreceiveEscrowHolder'sgeneralprovisions,ifany, directlyfromEscrowHolder.TotheextentthegeneralprovisionsareinconsistentorconflictwiththisAgreement,thegeneral provisionswillcontrolastothedutiesandobligationsofEscrowHolderonly.BuyerandSellershallSignandreturnEscrow Holder'sgeneralprovisionsorsupplementalinstructionswithinthetimespecifiedin paragraph3N(2).BuyerandSellershall executeadditionalinstructions,documentsandformsprovidedbyEscrowHolderthatarereasonablynecessarytoclosethe escrowand,asdirectedbyEscrowHolder,within 3Days,shallpaytoEscrowHolderorHOAorHOAmanagementcompany orothersanyfeerequiredby paragraphs3, 8, 11,orelsewhereinthisAgreement.
C.COPIES;STATEMENTOFINFORMATION;TAXWITHHOLDINGINSTRUCTIONS: ACopyofthisAgreementincludingany counteroffer(s)andaddendashallbedeliveredtoEscrowHolderwithin 3Days after Acceptance.BuyerandSellerauthorize EscrowHoldertoacceptandrelyonCopiesandSignaturesasdefinedinthisAgreementasoriginals,toopenescrowandfor otherpurposesofescrow.ThevalidityofthisAgreementasbetweenBuyerandSellerisnotaffectedbywhetherorwhen EscrowHolderSignsthisAgreement.EscrowHoldershallprovideSeller'sStatementofInformationtoTitleCompanywhen receivedfromSeller,ifaseparatecompanyisprovidingtitleinsurance.IfSellerdeliversanaffidavittoEscrowHoldertosatisfy Seller'sFIRPTAobligationunder paragraph11A,EscrowHoldershalldelivertoBuyer,Buyer'sAgent,andSeller'sAgenta QualifiedSubstitutestatementthatcomplieswithfederalLaw.IfEscrowHolder'sQualifiedSubstitutestatementdoesnot complywithfederallaw,thePartiesinstructescrowtowithholdallapplicablerequiredamountsunder paragraph11A
D.BROKERCOMPENSATION:
(1) Payment: Agentsarenotapartytotheescrowexceptforthesolepurposeofreceivingcompensationpursuantto paragraph 21A.IfaCopyoftheseparatecompensationagreement(s)isdepositedwithEscrowHolderbyAgent,EscrowHoldershall acceptsuchagreement(s)andpayoutfromBuyer'sorSeller'sfunds,orboth,asapplicable,theBroker'scompensation providedforinsuchagreement(s).BuyerandSellerirrevocablyassigntoBrokerscompensationspecifiedin paragraph 21A,andirrevocablyinstructEscrowHoldertodisbursethosefundstoBrokersatCloseOfEscroworpursuanttoanyother mutuallyexecutedcancellationagreement.Compensationinstructionscanbeamendedorrevokedonlywiththewritten consentofBrokers.BuyerandSellershallreleaseandholdharmlessEscrowHolderfromanyliabilityresultingfromEscrow Holder'spaymenttoBroker(s)ofcompensationpursuanttothisAgreement.
(2) CompensationDisclosure: EscrowHoldershallprovidetoBuyeraclosingstatementorotherwrittendocumentation disclosingtheamountofcompensationpaidtoBuyer'sBroker.EscrowHoldershallprovidetoSelleraclosingstatementor otherwrittendocumentationdisclosing: (i) theamountofcompensationpaidtoSeller'sBroker;and (ii) ifapplicablepursuant to paragraph3G(3) orothermutualinstructionoftheparties,theamountpaidbySellerforBuyer'sBrokercompensation. EscrowHolder'sobligationpursuantto paragraph21D,isnotintendedtoalteranypreexistingpracticeofEscrowHolder toissue,asapplicable,jointorseparateclosingstatements.EscrowHolder'sobligationpursuantto paragraph21D is independentof,butmaybesatisfiedby,anyclosingstatementmandatedbyBuyer'slender.
E.INVOICES: BuyerandSelleracknowledgethatEscrowHoldermayrequireinvoicesforexpensesunderthisAgreement. BuyerandSeller,uponrequestbyEscrowHolder,within 3Days orwithinasufficienttimetocloseescrow,whicheveris sooner,shallprovideanysuchinvoicestoEscrowHolder.
F.VERIFICATIONOFDEPOSIT: Uponreceipt,EscrowHoldershallprovideBuyer,Seller,andeachAgentverificationofBuyer's depositoffundspursuantto paragraph5A(1) andC.A.R.FormIDA.OnceEscrowHolderbecomesawareofanyofthe following,EscrowHoldershallimmediatelynotifyeachAgent: (i) ifBuyer'sinitialoranyadditionaldepositordownpaymentis notmadepursuanttothisAgreement,orisnotgoodattimeofdepositwithEscrowHolder;or (ii) ifBuyerandSellerinstruct EscrowHoldertocancelescrow.
G.DELIVERYOFAMENDMENTS: ACopyofanyamendmentthataffectsanyparagraphofthisAgreementforwhichEscrow HolderisresponsibleshallbedeliveredtoEscrowHolderwithin 3Days aftermutualexecutionoftheamendment.
23.SELECTIONOFSERVICEPROVIDERS: Agentsdonotguaranteetheperformanceofanyvendors,serviceorproductproviders (“Providers”),whetherreferredbyAgentorselectedbyBuyer,Sellerorotherperson.BuyerandSellermayselectANYProviders oftheirownchoosing.
24.MULTIPLELISTINGSERVICE(“MLS”): AgentsareauthorizedtoreporttotheMLSthatanofferhasbeenacceptedand,upon CloseOfEscrow,thesalespriceandothertermsofthistransactionshallbeprovidedtotheMLStobepublishedanddisseminated topersonsandentitiesauthorizedtousetheinformationontermsapprovedbytheMLS.Buyeracknowledgesthat: (i) anypictures, videos,floorplans(collectively,“Images”)orotherinformationaboutthePropertythathasbeenorwillbeinputtedintotheMLSor internetportals,orboth,attheinstructionofSellerorincompliancewithMLSrules,willnotberemovedafterCloseOfEscrow; (ii) CaliforniaCivilCode§1088(c)requirestheMLStomaintainsuchImagesandinformationforatleastthreeyearsandasaresult theymaybedisplayedorcirculatedontheInternet,whichcannotbecontrolledorremovedbySellerorAgents;and (iii) Seller, Seller'sAgent,Buyer'sAgent,andMLShavenoobligationorabilitytoremovesuchImagesorinformationfromtheInternet.
25.ATTORNEYFEESANDCOSTS: Inanyaction,proceeding,orarbitrationbetweenBuyerandSellerarisingoutofthisAgreement, theprevailingBuyerorSellershallbeentitledtoreasonableattorneyfeesandcostsfromthenon-prevailingBuyerorSeller,except asprovidedin paragraph38A.


26.ASSIGNMENT/NOMINATION: BuyershallhavetherighttoassignallofBuyer'sinterestinthisAgreementtoBuyer'sowntrustor toanywhollyownedentityofBuyerthatisinexistenceatthetimeofsuchassignment.Otherwise,Buyershallnotassignallorany partofBuyer'sinterestinthisAgreementwithoutfirsthavingobtainedtheseparatewrittenconsentofSellertoaspecified assignee.Suchconsentshallnotbeunreasonablywithheld.Priortoanyassignment,BuyershalldisclosetoSellerthenameofthe assigneeandtheamountofanymonetaryconsiderationbetweenBuyerandassignee.Buyershallprovideassigneewithall documentsrelatedtothisAgreementincluding,butnotlimitedto,theAgreementandanydisclosures.Ifassigneeisawholly ownedentityortrustofBuyer,thatassigneedoesnotneedtore-signorinitialalldocumentsprovided.Whetherornotan assignmentrequiresseller'sconsent,atthetimeofassignment,assigneeshalldeliveraletterfromassignee'slenderthatassignee isprequalifiedorpreapprovedasspecifiedin paragraph6B.Shouldassigneefailtodeliversuchaletter,Seller,afterfirstgiving AssigneeanNoticetoBuyertoPerform,shallhavetherighttoterminatetheassignment.Buyershall,withinthetimespecifiedin paragraph3K,DeliveranyrequesttoassignthisAgreementforSeller'sconsent.IfBuyerfailstoprovidetherequiredinformation withinthistimeframe,Seller'swithholdingofconsentshallbedeemedreasonable.Anytotalorpartialassignmentshallnotrelieve BuyerofBuyer'sobligationspursuanttothisAgreementunlessOtherwiseAgreedbySeller(C.A.R.FormAOAA).Partiesshall provideanyassignmentagreementtoEscrowHolderwithin 1Day aftertheassignment.AnynominationbyBuyershallbesubject tothesameprocedures,requirements,andtermsasanassignmentasspecifiedinthisparagraph.
27.SUCCESSORSANDASSIGNS: ThisAgreementshallbebindingupon,andinuretothebenefitof,BuyerandSellerandtheir respectivesuccessorsandassigns,exceptasotherwiseprovidedherein.
28.ENVIRONMENTALHAZARDCONSULTATION: BuyerandSelleracknowledge: (i) Federal,state,andlocallegislationimpose liabilityuponexistingandformerownersandusersofrealproperty,inapplicablesituations,forcertainlegislativelydefined, environmentallyhazardoussubstances; (ii) Agent(s)has/havemadenorepresentationconcerningtheapplicabilityofanysuch LawtothistransactionortoBuyerortoSeller,exceptasotherwiseindicatedinthisAgreement; (iii) Agent(s)has/havemadeno representationconcerningtheexistence,testing,discovery,location,andevaluationof/for,andrisksposedby,environmentally hazardoussubstances,ifany,locatedonorpotentiallyaffectingtheProperty;and (iv) BuyerandSellerareeachadvisedtoconsult withtechnicalandlegalexpertsconcerningtheexistence,testing,discover,locationandevaluationof/for,andrisksposedby, environmentallyhazardoussubstances,inany,locatedonorpotentiallyaffectingtheProperty.
29.AMERICANSWITHDISABILITIESACT: TheAmericansWithDisabilitiesAct(“ADA”)prohibitsdiscriminationagainstindividuals withdisabilities.TheADAaffectsalmostallcommercialfacilitiesandpublicaccommodations.Residentialpropertiesarenot typicallycoveredbytheADA,butmaybegovernedbyitsprovisionsifusedforcertainpurposes.TheADAcanrequire,among otherthings,thatbuildingbemadereadilyaccessibletothedisabled.Differentrequirementsapplytonewconstruction,alterations toexistingbuildings,andremovalofbarriersinexistingbuildings.CompliancewiththeADAmayrequiresignificantcosts.Monetary andinjunctiveremediesmaybeincurredifthePropertyisnotincompliance.Arealestatebrokeroragentdoesnothavethe technicalexpertisetodeterminewhetherabuildingisincompliancewithADArequirements,ortoadviseaprincipalonthose requirements.BuyerandSellerareadvisedtocontactaqualifiedCaliforniarealestateattorney,contractor,architect,engineer,or otherqualifiedprofessionalofBuyerorSeller'sownchoosingtodeterminetowhatdegree,ifany,theADAimpactsthatprincipalor thistransaction.
30.EQUALHOUSINGOPPORTUNITY: ThePropertyissoldincompliancewithfederal,stateandlocalanti-discriminationLaws.
31.COPIES: SellerandbuyereachrepresentthatCopiesofallreports,certificates,approvals,andotherdocumentsthatarefurnishedto theotheraretrue,correct,andunalteredCopiesoftheoriginaldocuments,iftheoriginalsareinthepossessionofthefurnishingparty.
32.DEFINITIONSandINSTRUCTIONS: ThefollowingwordsaredefinedtermsinthisAgreement,shallbeindicatedbyinitialcapital lettersthroughoutthisAgreement,andhavethefollowingmeaningwheneverused:
A.“Acceptance” meansthetimetheofferorfinalcounterofferisfullyexecuted,inwriting,bytherecipientPartyandis DeliveredtotheofferingPartyorthatParty'sAuthorizedAgent.
B.“Agent” meanstheBroker,salesperson,broker-associateoranyotherrealestatelicenseelicensedunderthebrokeragefirm identifiedin paragraph2B
C “Agreement” meansthisdocumentandanycounteroffersandanyincorporatedaddendaoramendments,collectively formingthebindingagreementbetweentheParties.AddendaandamendmentsareincorporatedonlywhenSignedand DeliveredbyallParties.
D “As-Is” condition:SellershalldiscloseknownmaterialfactsanddefectsasspecifiedinthisAgreement.Buyerhastherightto inspectthePropertyand,withinthetimespecified,requestthatSellermakerepairsortakeothercorrectiveaction,orexercise anycontingencycancellationrightsinthisAgreement.SellerisonlyrequiredtomakerepairsspecifiedinthisAgreementoras OtherwiseAgreed.
E.“AuthorizedAgent” meansanindividualrealestatelicenseespecifiedintheRealEstateBrokerSection.
F.“C.A.R.Form” meansthemostcurrentversionofthespecificformreferencedoranothercomparableformagreedtobytheParties.
G “CloseOfEscrow”,including“COE”,meansthedatethegrantdeed,orotherevidenceoftransferoftitle,isrecordedforany realproperty,orthedateofDeliveryofadocumentevidencingthetransferoftitleforanynon-realpropertytransaction.
H.“Copy” meanscopybyanymeansincludingphotocopy,facsimileandelectronic.
I.CountingDays isdoneasfollowsunlessOtherwiseAgreed:(1)ThefirstDayafteraneventisthefirstfullcalendardate followingtheevent,andendingat11:59pm.Forexample,ifaNoticetoBuyertoPerform(C.A.R.formNBP)isDeliveredat3 pmonthe7thcalendardayofthemonth,orAcceptanceofacounterofferispersonallyreceivedat12noononthe7th calendardayofthemonth,thenthe7thisDay“0”forpurposesofcountingdaystorespondtotheNBPorcalculatingthe CloseOfEscrowdateorcontingencyremovaldatesandthe8thofthemonthisDay1forthosesamepurposes.(2)All calendardaysarecountedinestablishingthefirstDayafteranevent.(3)Allcalendardaysarecountedindeterminingthe dateuponwhichperformancemustbecompleted,endingat11:59pmonthelastdayforperformance(“Scheduled PerformanceDay”).(4)AfterAcceptance,iftheScheduledPerformanceDayforanyactrequiredbythisAgreement,including CloseOfEscrow,landsonaSaturday,Sunday,orLegalHoliday,theperformingpartyshallbeallowedtoperformonthenext daythatisnotaSaturday,SundayorLegalHoliday(“AllowablePerformanceDay”),andendingat11:59pm.“LegalHoliday” shallmeananyholidayoroptionalbankholidayunderCivilCode§§7and7.1andanyholidayunderGovernmentCode§ 6700.(5)ForthepurposesofCOE,anydaythattheRecorder'sofficeintheCountywherethePropertyislocatedisclosedor anydaythatthelenderorEscrowHolderunderthisAgreementisclosed,theCOEshalloccuronthenextdaytheRecorder's officeinthatCounty,thelender,andtheEscrowHolderareopen.(6)COEisconsideredDay0forpurposesofcountingdays Sellerisallowedtoremaininpossession,ifpermittedbythisAgreement.
J.“Day" or "Days” meanscalendardayordays.However,deliveryofdeposittoescrowisbasedonbusinessdays.
Date:
K.“Deliver”,“Delivered”or“Delivery” ofdocuments,unlessOtherwiseAgreed,meansandshallbeeffectiveuponpersonal receiptofthedocumentbyBuyerorSellerortheirAuthorizedAgent.Personalreceiptmeans (i) aCopyofthedocument,oras applicable,linktothedocument,isinthepossessionofthePartyorAuthorizedAgent,regardlessoftheDeliverymethodused(i.e. e-mail,text,other).Adocument,orasapplicablelinktoadocument,shallbedeemedtobe“inpossession”ifitislocatedintheinbox fortheapplicablePartyorAuthorizedAgent;or (ii) anelectronicCopyofthedocument,orasapplicable,linktothedocument, hasbeensenttothedesignatedelectronicdeliveryaddressspecifiedintheRealEstateBrokerSectionunlessOtherwiseAgreed inC.A.R.FormDEDA.AfterAcceptance,AgentmaychangethedesignatedelectronicdeliveryaddressforthatAgentby,in writing,DeliveringnoticeofthechangeindesignatedelectronicdeliveryaddresstotheotherParty(C.A.R.FormDEDA).Links couldbe,forexample,toDropBoxorGoogleDriveorotherfunctionallyequivalentprogram.Iftherecipientofalinkisunable orunwillingtoopenthelinkordownloadthedocumentsorotherwiseprefersDeliveryofthedocumentsdirectly,Recipientofa linkshallnotifythesenderinwriting,within 3Days afterDeliveryofthelink(C.A.R.FormRFR).Insuchcase,Deliveryshallbe effectiveuponDeliveryofthedocumentsandnotthelink.Failuretonotifysenderwithinthetimespecifiedaboveshallbedeemed consenttoreceive,andBuyeropening,thedocumentbylink.
L.“ElectronicCopy” or “ElectronicSignature” means,asapplicable,anelectroniccopyorsignaturecomplyingwithCalifornia Law.UnlessOtherwiseAgreed,BuyerandSelleragreetotheuseofElectronicSignatures.BuyerandSelleragreethat electronicmeanswillnotbeusedbyeitherPartytomodifyoralterthecontentorintegrityofthisAgreementwithoutthe knowledgeandconsentoftheotherParty.
M “Law” meansanylaw,code,statute,ordinance,regulation,ruleororder,whichisadoptedbyacontrollingcity,county,state orfederallegislative,judicialorexecutivebodyoragency.
N."LegallyAuthorizedSigner" meansanindividualwhohasauthoritytoSignfortheprincipalasspecifiedin paragraph40 or paragraph41.
O.“OtherwiseAgreed” meansanagreementinwriting,signedbybothPartiesandDeliveredtoeach.
P.“Repairs” meansanyrepairs(includingpestcontrol),alterations,replacements,modificationsorretrofittingoftheProperty providedforunderthisAgreement.
Q."Sign"or“Signed” meanseitherahandwrittenorElectronicSignatureonanoriginaldocument,Copyoranycounterpart.
33.FAIRAPPRAISALACTNOTICE:
A. Anyappraisalofthepropertyisrequiredtobeunbiased,objective,andnotinfluencedbyimproperorillegalconsiderations, including,butnotlimitedto,anyofthefollowing:race,color,religion(includingreligiousdress,groomingpractices,orboth), gender(including,butnotlimitedto,pregnancy,childbirth,breastfeeding,andrelatedconditions,andgenderidentityandgender expression),sexualorientation,maritalstatus,medicalcondition,militaryorveteranstatus,nationalorigin(includinglanguageuse andpossessionofadriver'slicenseissuedtopersonsunabletoprovidetheirpresenceintheUnitedStatesisauthorizedunder federallaw),sourceofincome,ancestry,disability(mentalandphysical,including,butnotlimitedto,HIV/AIDSstatus,cancer diagnosis,andgeneticcharacteristics),geneticinformation,orage.
B. Ifabuyerorsellerbelievesthattheappraisalhasbeeninfluencedbyanyoftheabovefactors,thesellerorbuyercanreportthis informationtothelenderormortgagebrokerthatretainedtheappraiserandmayalsofileacomplaintwiththeBureauofReal EstateAppraisersathttps://www2.brea.ca.gov/complaint/orcall(916)552-9000forfurtherinformationonhowtofileacomplaint.
34.TERMSANDCONDITIONSOFOFFER: ThisisanoffertopurchasethePropertyonthetermsandconditionsherein.The individualLiquidatedDamagesandArbitrationofDisputesparagraphsareincorporatedinthisAgreementifinitialedbyallParties orifincorporatedbymutualagreementinaCounterOfferoraddendum. IfatleastonebutnotallPartiesinitial,aCounterOffer isrequireduntilagreementisreached. SellerhastherighttocontinuetoofferthePropertyforsaleandtoacceptanyotheroffer atanytimepriortonotificationofAcceptanceandtomarketthePropertyforbackupoffersafterAcceptance.ThePartieshaveread andacknowledgereceiptofaCopyoftheofferandagreetotheconfirmationofagencyrelationships.Ifthisofferisacceptedand Buyersubsequentlydefaults,BuyermayberesponsibleforpaymentofBrokers'compensation.ThisAgreementandany supplement,addendumormodification,includinganyCopy,maybeSignedintwoormorecounterparts,allofwhichshall constituteoneandthesamewriting.Bysigningthisofferoranydocumentinthetransaction,thePartySigningthedocumentis deemedtohavereadthedocumentinitsentirety.
35.TIMEOFESSENCE;ENTIRECONTRACT;CHANGES: Timeisoftheessence.AllunderstandingsbetweenthePartiesare incorporatedinthisAgreement.ItstermsareintendedbythePartiesasafinal,completeandexclusiveexpressionoftheir Agreementwithrespecttoitssubjectmatterandmaynotbecontradictedbyevidenceofanyprioragreementorcontemporaneous oralagreement.IfanyprovisionofthisAgreementisheldtobeineffectiveorinvalid,theremainingprovisionswillneverthelessbe givenfullforceandeffect.ExceptasOtherwiseAgreed,thisAgreementshallbeinterpreted,anddisputesshallberesolvedin accordancewiththeLawsoftheStateofCalifornia. NeitherthisAgreementnoranyprovisioninitmaybeextended, amended,modified,alteredorchanged,exceptinwritingSignedbyBuyerandSeller.
36.LEGALLYAUTHORIZEDSIGNER: WhereverthesignatureorinitialsoftheLegallyAuthorizedSigneridentifiedin paragraph40 and 41 appearonthisAgreementoranyrelateddocuments,itshallbedeemedtobeinarepresentativecapacityfortheentity describedandnotinanindividualcapacity,unlessotherwiseindicated.TheLegallyAuthorizedSigner (i) representsthattheentity forwhichthatpersonisactingalreadyexistsandisingoodstandingtodobusinessinCaliforniaand (ii) shallDelivertotheother PartyandEscrowHolder,asspecifiedin paragraph3N(4),evidenceofauthoritytoactinthatcapacity(suchasbutnotlimitedto: applicableportionofthetrustorCertificationOfTrust(ProbateCode§18100.5),letterstestamentary,courtorder,powerof attorney,corporateresolution,orformationdocumentsofthebusinessentity).
37.LIQUIDATEDDAMAGES:
IfBuyerfailstocompletethispurchasebecauseofBuyer'sdefault,Sellershallretain,asliquidateddamages, thedepositactuallypaid.Releaseoffundswillrequiremutual,SignedreleaseinstructionsfrombothBuyer andSeller,judicialdecisionorarbitrationaward.ATTHETIMEOFANYINCREASEDDEPOSITBUYERAND SELLERSHALLSIGNASEPARATELIQUIDATEDDAMAGESPROVISIONINCORPORATINGTHEINCREASED DEPOSITASLIQUIDATEDDAMAGES(C.A.R.FORMDID).
38.MEDIATION:
A. ThePartiesagreetomediateanydisputeorclaimarisingbetweenthemoutofthisAgreement,oranyresultingtransaction,before resortingtoarbitrationorcourtaction.ThemediationshallbeconductedthroughtheC.A.R.RealEstateMediationCenterfor Consumers (www.consumermediation.org) orthroughanyothermediationproviderorservicemutuallyagreedtobytheParties. TheParties alsoagreetomediateanydisputesorclaimswithAgents(s),who,inwriting,agreetosuchmediationprior to,orwithinareasonabletimeafter,thedisputeorclaimispresentedtotheAgent. Mediationfees,ifany,shallbedivided equallyamongthePartiesinvolved,andshallberecoverableundertheprevailingpartyattorneyfeesclause.If,foranydispute orclaimtowhichthisparagraphapplies,anyParty (i) commencesanactionwithoutfirstattemptingtoresolvethematterthrough mediation,or (ii) beforecommencementofanaction,refusestomediateafterarequesthasbeenmade,thenthatPartyshallnot beentitledtorecoverattorneyfees,eveniftheywouldotherwisebeavailabletothatPartyinanysuchaction.THISMEDIATION PROVISIONAPPLIESWHETHERORNOTTHEARBITRATIONPROVISIONISINITIALED.
B.ADDITIONALMEDIATIONTERMS:(i)Exclusionsfromthismediationagreementarespecifiedinparagraph39B;(ii) TheobligationtomediatedoesnotprecludetherightofeitherPartytoseekapreservationofrightsunderparagraph 39C;and(iii)Agent'srightsandobligationsarefurtherspecifiedinparagraph39D.
39.ARBITRATIONOFDISPUTES:
A.ThePartiesagreethatanydisputeorclaiminLaworequityarisingbetweenthemoutofthisAgreementorany resultingtransaction,whichisnotsettledthroughmediation,shallbedecidedbyneutral,bindingarbitration.The PartiesalsoagreetoarbitrateanydisputesorclaimswithAgents(s),who,inwriting,agreetosucharbitrationprior to,orwithinareasonabletimeafter,thedisputeorclaimispresentedtotheAgent.Thearbitrationshallbe conductedthroughanyarbitrationproviderorservicemutuallyagreedtobytheParties.Thearbitratorshallbea retiredjudgeorjustice,oranattorneywithatleast5yearsoftransactionalrealestateLawexperience,unlessthe Partiesmutuallyagreetoadifferentarbitrator.Enforcementof,andanymotiontocompelarbitrationpursuantto,this agreementtoarbitrateshallbegovernedbytheproceduralrulesoftheFederalArbitrationAct,andnottheCalifornia ArbitrationAct,notwithstandinganylanguageseeminglytothecontraryinthisAgreement.ThePartiesshallhavethe righttodiscoveryinaccordancewithCodeofCivilProcedure§1283.05.Thearbitrationshallbeconductedin accordancewithTitle9ofPart3oftheCodeofCivilProcedure.Judgmentupontheawardofthearbitrator(s)maybe enteredintoanycourthavingjurisdiction.
B.EXCLUSIONS:Thefollowingmattersareexcludedfrommediationandarbitration:(i)Anymatterthatiswithinthe jurisdictionofaprobate,smallclaimsorbankruptcycourt;(ii)anunlawfuldetaineraction;and(iii)ajudicialornonjudicialforeclosureorotheractionorproceedingtoenforceadeedoftrust,mortgageorinstallmentlandsale contractasdefinedinCivilCode§2985.
C.PRESERVATIONOFACTIONS:Thefollowingshallnotconstituteawaivernorviolationofthemediationandarbitration provisions:(i)thefilingofacourtactiontopreserveastatuteoflimitations;(ii)thefilingofacourtactiontoenable therecordingofanoticeofpendingaction,fororderofattachment,receivership,injunction,orotherprovisional remedies,providedthefilingpartyconcurrentwith,orimmediatelyaftersuchfiling,makesarequesttothecourtfor astayoflitigationpendinganyapplicablemediationorarbitrationproceeding;or(iii)thefilingofamechanic'slien.
D.AGENTS:Agentsshallnotbeobligatednorcompelledtomediateorarbitrateunlesstheyagreetodosoinwriting. AnyAgents(s)participatinginmediationorarbitrationshallnotbedeemedapartytothisAgreement.
E.“NOTICE:BYINITIALINGINTHESPACEBELOWYOUAREAGREEINGTOHAVEANYDISPUTEARISING OUTOFTHEMATTERSINCLUDEDINTHE'ARBITRATIONOFDISPUTES'PROVISIONDECIDEDBY NEUTRALARBITRATIONASPROVIDEDBYCALIFORNIALAWANDYOUAREGIVINGUPANYRIGHTS YOUMIGHTPOSSESSTOHAVETHEDISPUTELITIGATEDINACOURTORJURYTRIAL.BYINITIALINGIN THESPACEBELOWYOUAREGIVINGUPYOURJUDICIALRIGHTSTODISCOVERYANDAPPEAL, UNLESSTHOSERIGHTSARESPECIFICALLYINCLUDEDINTHE'ARBITRATIONOFDISPUTES' PROVISION.IFYOUREFUSETOSUBMITTOARBITRATIONAFTERAGREEINGTOTHISPROVISION,YOU MAYBECOMPELLEDTOARBITRATEUNDERTHEAUTHORITYOFTHECALIFORNIACODEOFCIVIL PROCEDURE.YOURAGREEMENTTOTHISARBITRATIONPROVISIONISVOLUNTARY.”
“WEHAVEREADANDUNDERSTANDTHEFOREGOINGANDAGREETOSUBMITDISPUTESARISINGOUTOF THEMATTERSINCLUDEDINTHE'ARBITRATIONOFDISPUTES'PROVISIONTONEUTRALARBITRATION.”
Buyer'sInitials /
Seller'sInitials /
A.EXPIRATIONOFOFFER: Thisoffershallbedeemedrevokedandthedeposit,ifany,shallbereturnedtoBuyerunlessbythe dateandtimespecifiedin paragraph3C,theofferisSignedbySellerandaCopyoftheSignedofferisDeliveredtoBuyeror Buyer'sAuthorizedAgent. Sellerhasnoobligationtorespondtoanoffermade.
B.ENTITYBUYERS:(Note:Ifthisparagraphiscompleted,aRepresentativeCapacitySignatureDisclosure(C.A.R. FormRCSD)isnotrequiredfortheLegallyAuthorizedSignersdesignatedbelow.)
(1) Non-Individual(entity)Buyers: OneormoreBuyersisatrust,corporation,LLC,probateestate,partnership,holdinga powerofattorneyorotherentity.
(2) Fullentityname: Thefollowingisthefullnameoftheentity(ifatrust,enterthecompletetrustname;ifunderprobate, enterfullnameoftheestate,includingcase#):
(3) ContractualIdentityofBuyer: ForpurposesofthisAgreement,whenthenamedescribedbelowisused,itshallbe deemedtobethefullentityname.
(A)Ifatrust:Thetrustee(s)ofthetrustorasimplifiedtrustname(ex.JohnDoe,co-trustee,JaneDoe,co-trusteeorDoe RevocableFamilyTrust);
(B)IfPropertyissoldunderthejurisdictionofaprobatecourt:Thenameoftheexecutororadministrator,orasimplified probatename(JohnDoe,executor,orEstate(orConservatorship)ofJohnDoe).
(4) LegallyAuthorizedSigner:
(A)ThisAgreementisbeingSignedbyaLegallyAuthorizedSignerinarepresentativecapacityandnotforhim/herselfas anindividual.See paragraph36 foradditionalterms.
(B)Thename(s)oftheLegallyAuthorizedSigner(s)is/are:, .
C. TheVLPAhas17pages.Buyeracknowledgesreceiptof,andhasreadandunderstands,everypageandallattachmentsthat makeuptheAgreement.
D.BUYERSIGNATURE(S):
(Signature)By,
PrintednameofBUYER:
PrintedNameofLegallyAuthorizedSigner:
3/28/2025
Date:
Title,ifapplicable, (Signature)By,
PrintednameofBUYER:
PrintedNameofLegallyAuthorizedSigner:
Date:
Title,ifapplicable, IFMORETHANTWOSIGNERS,USEAdditionalSignatureAddendum(C.A.R.FormASA).
41.ACCEPTANCE
A.ACCEPTANCEOFOFFER: SellerwarrantsthatSelleristheownerofthePropertyorhastheauthoritytoexecutethis Agreement.SelleracceptstheaboveofferandagreestosellthePropertyontheabovetermsandconditions.Sellerhasread andacknowledgesreceiptofaCopyofthisAgreementandauthorizesAgenttoDeliveraSignedCopytoBuyer. Seller'sacceptanceissubjecttotheattachedCounterOfferorBack-UpOfferAddendum,orboth,checkedbelow. Sellershallreturnandincludetheentireagreementwithanyresponse.
SellerCounterOffer (C.A.R.FormSCOorSMCO) Back-UpOfferAddendum (C.A.R.FormBUO)
B.ENTITYSELLERS:(Note:Ifthisparagraphiscompleted,aRepresentativeCapacitySignatureDisclosureform (C.A.R.FormRCSD)isnotrequiredfortheLegallyAuthorizedSignersdesignatedbelow.)
(1) Non-Individual(entity)Sellers: OneormoreSellersisatrust,corporation,LLC,probateestate,partnership,holdinga powerofattorneyorotherentity.
(2) Fullentityname: Thefollowingisthefullnameoftheentity(ifatrust,enterthecompletetrustname;ifunderprobate, enterfullnameoftheestate,includingcase#):
.
(3) ContractualIdentityofSeller: ForpurposesofthisAgreement,whenthenamedescribedbelowisused,itshallbe deemedtobethefullentityname.
(A)Ifatrust:Thetrustee(s)ofthetrustorasimplifiedtrustname(ex.JohnDoe,co-trustee,JaneDoe,co-trusteeorDoe RevocableFamilyTrust);
(B)IfPropertyissoldunderthejurisdictionofaprobatecourt:Thenameoftheexecutororadministrator,orasimplified probatename(JohnDoe,executor,orEstate(orConservatorship)ofJohnDoe).
(4) LegallyAuthorizedSigner:
(A)ThisAgreementisbeingSignedbyaLegallyAuthorizedSignerinarepresentativecapacityandnotforhim/herselfas anindividual.See paragraph36 foradditionalterms.
(B)Thename(s)oftheLegallyAuthorizedSigner(s)is/are:, .
C. TheVLPAhas17pages.Selleracknowledgesreceiptof,andhasreadandunderstands,everypageandallattachmentsthat makeuptheAgreement.
D.SELLERSIGNATURE(S): (Signature)By, Date: PrintednameofSELLER: PrintedNameofLegallyAuthorizedSigner:
Title,ifapplicable, (Signature)By, Date: PrintednameofSELLER: PrintedNameofLegallyAuthorizedSigner:
Title,ifapplicable, IFMORETHANTWOSIGNERS,USEAdditionalSignatureAddendum(C.A.R.FormASA). VLPAREVISED12/24(PAGE16OF17)
Hoang Bao Vinh
Hoang Bao Vinh
OFFERNOTACCEPTED: /______NoCounterOfferisbeingmade.ThisofferwasnotacceptedbySeller__________(date) Seller'sInitials
REALESTATEBROKERSSECTION:
1.RealEstateAgentsarenotpartiestotheAgreementbetweenBuyerandSeller.
2.Agencyrelationshipsareconfirmedasstatedinparagraph2.
3.PresentationofOffer: PursuanttotheNationalAssociationofREALTORS®StandardofPractice1-7,ifBuyer'sAgentmakesa writtenrequest,Seller'sAgentshallconfirminwritingthatthisofferhasbeenpresentedtoSeller.
4.Agents'Signaturesanddesignatedelectronicdeliveryaddress:
A. Buyer'sBrokerageFirm DRELic.# By DRELic.# Date By DRELic.# Date
The Agency 01904054
Brian Liberto 01473233
Email Phone#
3426E Coast Highway Corona Del Mar CA 92625 brianliberto@gmail.com X
MorethanoneagentfromthesamefirmrepresentsBuyer.AdditionalAgentAcknowledgement(C.A.R.FormAAA)attached. MorethanonebrokeragefirmrepresentsBuyer.AdditionalBrokerAcknowledgement(C.A.R.FormABA)attached.
DesignatedElectronicDeliveryAddress(es):Emailaboveor
AttachedDEDA: IfPartieselecttohaveanalternativeDeliverymethod,suchmethodmaybeindicatedonC.A.R.FormDEDA.
B. Seller'sBrokerageFirm DRELic.# By DRELic.# Date By DRELic.# Date
Address City StateZip Email Phone#
MorethanoneagentfromthesamefirmrepresentsSeller.AdditionalAgentAcknowledgement(C.A.R.FormAAA)attached. MorethanonebrokeragefirmrepresentsSeller.AdditionalBrokerAcknowledgement(C.A.R.FormABA)attached.
DesignatedElectronicDeliveryAddress(es)(TobefilledoutbySeller'sAgent):Emailaboveor
AttachedDEDA: IfPartieselecttohaveanalternativeDeliverymethod,suchmethodmaybeindicatedonC.A.R.FormDEDA.
ESCROWHOLDERACKNOWLEDGMENT:
Buyer'sInitials/ Seller'sInitials/
EscrowHolderacknowledgesreceiptofaCopyofthisAgreement,(ifchecked,adepositintheamountof$),Counter Offernumbers and,andagreestoactasEscrowHoldersubjectto paragraph22 ofthisAgreement,anysupplementalescrowinstructionsandthetermsofEscrowHolder'sgeneralprovisions. EscrowHolderisadvisedby thatthedateofAcceptanceoftheAgreementis EscrowHolder Escrow#
By Date Address
Phone/Fax/E-mail
EscrowHolderhasthefollowinglicensenumber# DepartmentofFinancialProtectionandInnovation,DepartmentofInsurance,DepartmentofRealEstate.
PRESENTATIONOFOFFER: / Seller'sBrokerageFirmpresentedthisoffertoSelleron (date).
BrokerorDesigneeInitials
©2024,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthisform, oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHECALIFORNIA ASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFICTRANSACTION.A REALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE,CONSULTANAPPROPRIATE PROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCaliforniaAssociationofREALTORS®. PublishedandDistributedby:REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCaliforniaAssociationofREALTORS® VLPAREVISED12/24(PAGE17OF17)
(C.A.R.FormBVLIA,Revised6/23)
PropertyAddress: ("Property").
272 Evening Canyon, Corona Del Mar, CA 92625
A.IMPORTANCEOFPROPERTYINVESTIGATION: Thephysicalconditionofthelandandimprovementsbeing purchasedisnotguaranteedbyeitherSellerorBrokers.Forthisreason,youshouldconductthoroughinvestigations ofthePropertypersonallyandwithprofessionalswhoshouldprovidewrittenreportsoftheirinvestigations.Ageneral physicalinspectiontypicallydoesnotcoverallaspectsofthePropertynoritemsaffectingthePropertythatarenot physicallylocatedontheProperty.Iftheprofessionalsrecommendfurtherinvestigations,includingarecommendation byapestcontroloperatortoinspectinaccessibleareasoftheProperty,youshouldcontactqualifiedexpertstoconduct suchadditionalinvestigations.Additionally,someinspections,suchasthoselistedbelow,maybeofparticular importancewhenpurchasingvacantland.
B.BUYERRIGHTSANDDUTIES: Youhaveanaffirmativedutytoexercisereasonablecaretoprotectyourself,including discoveryofthelegal,practicalandtechnicalimplicationsofdisclosedfacts,andtheinvestigationandverificationof informationandfactsthatyouknow,orthatarewithinyourdiligentattentionandobservation.Thepurchaseagreement givesyoutherighttoinvestigatetheProperty.Ifyouexercisethisright,andyoushould,youmustdosoinaccordance withthetermsofthatagreement.Thisisthebestwayforyoutoprotectyourself.Itisextremelyimportantforyouto readallwrittenreportsprovidedbyprofessionalsandtodiscusstheresultsofinspectionswiththeprofessionalwho conductedtheinspection.YouhavetherighttorequestthatSellermakerepairs,correctionsortakeotheraction baseduponitemsdiscoveredinyourinvestigationsordisclosedbySeller.IfSellerisunwillingorunabletosatisfyyour requests,oryoudonotwanttopurchasethePropertyinitsdisclosedanddiscoveredcondition,youhavetherightto canceltheagreementifyouactwithinspecifictimeperiods.Ifyoudonotperform,andyouhavenotcancelledthe agreementinatimelyandpropermanner,youmaybeinbreachofcontract.
C.SELLERRIGHTSANDDUTIES: Sellerisrequiredtodisclosetoyouknownmaterialfactsthataffectthevalueor desirabilityoftheProperty.However,SellermaynotbeawareofsomePropertydefectsorconditions.Sellerdoesnot haveanobligationtoinspectthePropertyforyourbenefitnorisSellerobligatedtorepair,correctorotherwisecure knowndefectsthataredisclosedtoyouorpreviouslyunknowndefectsthatarediscoveredbyyouoryourinspectors duringescrow.ThepurchaseagreementobligatesSellertomakethePropertyavailabletoyouforinvestigations.
D.BROKEROBLIGATIONS: Brokersdonothaveexpertiseinallareasandthereforecannotadviseyouonmanyitems, suchassoilstability,geologicorenvironmentalconditions,hazardousorillegalcontrolledsubstances,structural conditionsofthefoundationorotherimprovements,ortheconditionoftheroof,plumbing,heating,airconditioning, electrical,sewer,septic,wastedisposal,orothersystem.Theonlywaytoaccuratelydeterminetheconditionofthe Propertyisthroughaninspectionbyanappropriateprofessionalselectedbyyou.IfBrokergivesyoureferralstosuch professionals,Brokerdoesnotguaranteetheirperformance.Youmayselectanyprofessionalofyourchoosing.If youhaveenteredintoawrittenagreementwithaBroker,thespecifictermsofthatagreementwilldeterminethenature andextentofthatBroker'sdutytoyou. YOUARESTRONGLYADVISEDTOINVESTIGATETHECONDITION AND SUITABILITYOFALLASPECTSOFTHEPROPERTY.IFYOUDONOTDOSO,YOUAREACTINGAGAINSTTHE ADVICEOF BROKERS.
E.YOUAREADVISEDTOCONDUCTINVESTIGATIONSOFTHEENTIREPROPERTY,INCLUDING,BUTNOT LIMITEDTOTHEFOLLOWING:
1.FINANCE: Financingthepurchaseofvacantlandandespeciallyfinancingconstructionloansfortheimprovement ofvacantlandcanprovideparticularchallenges,includingsubordinationagreementsandinsurancerequirements. Buyerisadvisedtoseektheassistanceofreputablelendersinassistancewiththeirdecisionsregardingfinancing oftheproperty.
2.CONSTRUCTIONCOSTS: IfBuyeriscontemplatingbuildingimprovementsontheproperty,Buyerisadvised thattheywillhavetocontactanycontractors,serviceproviders,suppliers,architects,utilitycompaniesregarding thecostsofimprovements.Buyerisadvisedtogetwrittenbidsfromallsuchpersonsregardingtheirdecisionto developtheproperty.
3.UTILITIES: Unimprovedpropertymayormaynothaveutilitiesavailabletotheproperty.Buyer(s)isadvisedto obtaininformationfromthepublicorprivateutilityproviderabouttheavailabilityandcostofprovidingutilitiesto thepropertyandwhethernecessaryeasementsareinplacetoallowsuchutilitiestotheproperty.
4.ENVIRONMENTALSURVEY: Unimprovedlandmayhavehadormayhavehazardousmaterialsstoreduponor underthelandorbeenusedbypersonsengagedinactivitiesexposingthelandtohazardousmaterials.Theland mayalsobehosttoprotectedvegetationoranimallife.Buyer(s)isadvisedtosatisfythemselvesaswhathazards orprotectedplantoranimallifeareonthepropertyandwhatimpacttheymayhaveonBuyer'sfutureplansfor thepropertybyseekingthehelpofaqualifiedprofessional.
5.NATURALHAZARDSREPORTS: Buyer(s)isadvisedthatwhilecertaindisclosuresarerequiredbystate,federal andlocallaws,hazarddisclosurecompaniescanprovideadditionaldisclosuresforbothnaturalandman-made hazardsornuisancesforacost.Buyerisadvisedtoseektheadviceofanaturalhazardsreportingcompany regardingadditionalreportsanddisclosuresthatbuyermaywishtoobtain.
6.SUBDIVISIONOFTHEPROPERTY: IfBuyer'splansincludefuturesubdivisionoftheproperty(whetherunderthe SubdivisionMapActoftheSubdividedLandsLaw)multiple,complexissuesregardingcity,county,state,andfederal lawsmaybepresented.BuyerisstronglyadvisedtoseektheadviceofCalifornialegalcounselfamiliarwithfederal, stateandlocalsubdivisionrequirements.
BuyerandSelleracknowledgeandagreethatBroker: (i) DoesnotdecidewhatpriceBuyershouldpayor Sellershouldaccept; (ii) DoesnotguaranteetheconditionoftheProperty; (iii) Doesnotguaranteethe performance,adequacyorcompletenessofinspections,services,productsorrepairsprovidedormadeby Sellerorothers; (iv) Doesnothaveanobligationtoconductaninspectionofcommonareasorareasoffthe siteoftheProperty; (v) ShallnotberesponsibleforidentifyingdefectsontheProperty,incommonareas,or offsiteunlesssuchdefectsarevisuallyobservablebyaninspectionofreasonablyaccessibleareasofthe PropertyorareknowntoBroker; (vi) Shallnotberesponsibleforinspectingpublicrecordsorpermits concerningthetitleoruseofProperty; (vii) Shallnotberesponsibleforidentifyingthelocationofboundary linesorotheritemsaffectingtitle; (viii) Shallnotberesponsibleforverifyingsquarefootage,representationsof othersorinformationcontainedinInvestigationreports,MultipleListingService,advertisements,flyersorother promotionalmaterial; (ix) Shallnotberesponsibleforprovidinglegalortaxadviceregardinganyaspectofa transactionenteredintobyBuyerorSeller;and (x) Shallnotberesponsibleforprovidingotheradviceor informationthatexceedstheknowledge,educationandexperiencerequiredtoperformrealestatelicensed activity.BuyerandSelleragreetoseeklegal,tax,insurance,titleandotherdesiredassistancefrom appropriateprofessionals.
Bysigningbelow,BuyerandSellereachacknowledgethattheyhaveread,understand,acceptandhavereceived aCopyofthisAdvisory.Buyerisencouragedtoreaditcarefully.
Bederman Stacey Samuel The Bederman Family Tr
3/28/2025
©2023,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthis form,oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFIC TRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE, CONSULTANAPPROPRIATEPROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCalifornia AssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyby membersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

PublishedandDistributedby: REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCaliforniaAssociationofREALTORS® 525SouthVirgilAvenue,LosAngeles,California90020 BVLIAREVISED6/23(PAGE2OF2)
(C.A.R.FormPRBS,Revised12/21)
Arealestatebroker(Broker),whetheracorporation,partnershiporsoleproprietorship,mayrepresentmorethanonebuyer orseller.Thismultiplerepresentationcanoccurthroughanindividuallicensedasabrokerorsalespersonorthroughdifferent individualbroker'sorsalespersons(associatelicensees)actingundertheBroker'slicense.Theassociatelicenseesmaybe workingoutofthesameordifferentofficelocations.
MultipleBuyers: Broker(individuallyorthroughitsassociatelicensees)maybeworkingwithmanyprospectivebuyersat thesametime.Theseprospectivebuyersmayhaveaninterestin,andmakeofferson,thesameproperties.Someofthese propertiesmaybelistedwithBrokerandsomemaynot.Brokerwillnotlimitorrestrictanyparticularbuyerfrommaking anofferonanyparticularpropertywhetherornotBrokerrepresentsotherbuyersinterestedinthesameproperty.
MultipleSellers: Broker(individuallyorthroughitsassociatelicensees)mayhavelistingsonmanypropertiesatthesame time.Asaresult,Brokerwillattempttofindbuyersforeachofthoselistedproperties.Somelistedpropertiesmayappealto thesameprospectivebuyers.Somepropertiesmayattractmoreprospectivebuyersthanothers.Someoftheseprospective buyersmayberepresentedbyBrokerandsomemaynot.Brokerwillmarketalllistedpropertiestoallprospectivebuyers whetherornotBrokerhasanotherorotherlistedpropertiesthatmayappealtothesameprospectivebuyers.
DualAgency: IfSellerisrepresentedbyBroker,Selleracknowledgesthatbrokermayrepresentprospectivebuyers ofSeller'spropertyandconsentstoBrokeractingasadualagentforbothsellerandbuyerinthattransaction.IfBuyer isrepresentedbyBroker,buyeracknowledgesthatBrokermayrepresentsellersofpropertythatBuyerisinterestedin acquiringandconsentstoBrokeractingasadualagentforbothbuyerandsellerwithregardtothatproperty.
Intheeventofdualagency,sellerandbuyeragreethat:adualagentmaynot,withouttheexpresspermissionofthe respectiveparty,disclosetotheotherpartyconfidentialinformation,including,butnotlimitedto,factsrelatingtoeitherthe buyer'sorseller'sfinancialposition,motivations,bargainingposition,orotherpersonalinformationthatmayimpactprice, includingtheseller'swillingnesstoacceptapricelessthanthelistingpriceorthebuyer'swillingnesstopayaprice greaterthanthepriceoffered;andexceptassetforthabove,adualagentisobligatedtodiscloseknownfactsmaterially affectingthevalueordesirabilityofthePropertytobothparties.
Offersnotnecessarilyconfidential: Buyerisadvisedthatsellerorlistingagentmaydisclosetheexistence,terms,or conditionsofbuyer'sofferunlessallpartiesandtheiragenthavesignedawrittenconfidentialityagreement.Whetheranysuch informationisactuallydiscloseddependsonmanyfactors,suchascurrentmarketconditions,theprevailingpracticeinthereal estatecommunity,thelistingagent'smarketingstrategyandtheinstructionsoftheseller.
BuyerandsellerunderstandthatBrokermayrepresentmorethanonebuyerormorethanonesellerandevenbothbuyer andselleronthesametransactionandconsentstosuchrelationships.
Sellerand/orBuyeracknowledgesreadingandunderstandingthisPossibleRepresentationofMoreThanOne BuyerorSeller-DisclosureandConsentandagreestotheagencypossibilitiesdisclosed.

©2021,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthisform, oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFIC TRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE, CONSULTANAPPROPRIATEPROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCalifornia AssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyby membersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

PublishedandDistributedby: REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCALIFORNIAASSOCIATIONOFREALTORS® 525SouthVirgilAvenue,LosAngeles,California90020 PRBSREVISED12/21(PAGE1OF1)
1.EQUALACCESSTOHOUSINGFORALL: AllhousinginCaliforniaisavailabletoallpersons.Discriminationasnotedbelowis prohibitedbylaw.Resourcesareavailableforthosewhohaveexperiencedunequaltreatmentunderthelaw.
2.FEDERALANDSTATELAWSPROHIBITDISCRIMINATIONAGAINSTIDENTIFIEDPROTECTEDCLASSES:
A. FEDERALFAIRHOUSINGACT(“FHA”)TitleVIIIoftheCivilRightsAct;42U.S.C.§§3601-3619;Prohibitsdiscriminationin sales,rentalorfinancingofresidentialhousingagainstpersonsinprotectedclasses;
B. CALIFORNIAFAIREMPLOYMENTANDHOUSINGACT(“FEHA”)CaliforniaGovernmentCode(“GC”)§§1290012996,12955;2CaliforniaCodeofRegulations(“CCR”)§§12005-12271;Prohibitsdiscriminationinsales,rentalorfinancing ofhousingopportunityagainstpersonsinprotectedclassesbyprovidersofhousingaccommodationandfinancialassistance servicesasrelatedtohousing;
C. CALIFORNIAUNRUHCIVILRIGHTSACT(“Unruh”)CaliforniaCivilCode(“CC”)§51;Prohibitsbusinessestablishmentsfrom discriminatingagainst,andrequiresfullandequalaccommodation,advantages,facilities,privileges,andservicestopersons inprotectedclasses;
D. AMERICANSWITHDISABILITIESACT(“ADA”)42U.S.C.§§12181-12189;TitleIIIoftheADAprohibitsdiscriminationbased ondisabilityinpublicaccommodations;and
E. OTHERFAIRHOUSINGLAWS:§504ofRehabilitationActof197329U.S.C.§794;RalphCivilRightsActCC§51.7; CaliforniaDisabledPersonsAct;CC§§54-55.32;anylocalcityorcountyfairhousingordinances,asapplicable.
3.POTENTIALLEGALREMEDIESFORUNLAWFULDISCRIMINATION:Violationsoffairhousinglawsmayresultin monetarycivilfines,injunctiverelief,compensatoryand/orpunitivedamages,andattorneyfeesandcosts.
4.PROTECTEDCLASSES/CHARACTERISTICS: WhetherspecifiedinFederalorStatelaworboth,discriminationagainstpersons basedonthatperson'sbelongingto,associationwith,orperceivedmembershipin,certainclassesorcategories,suchasthe following,isprohibited.Otherclasses,categoriesorrestrictionsmayalsoapply.
Race(andracetraits)ColorAncestryNationalOriginReligion AgeSex,SexualOrientationGender,GenderIdentity, Genderexpression MaritalStatusFamilialStatus(familywith achildorchildrenunder 18)
CitizenshipImmigrationStatusPrimaryLanguageMilitary/VeteranStatusSourceofIncome(e.g., Section8Voucher) MedicalConditionDisability(Mental&Physical)GeneticInformationCriminalHistory(nonrelevantconvictions) AnyArbitraryCharacteristic orIntersectionality
5.THECALIFORNIADEPARTMENTOFREALESTATEREQUIRESTRAININGANDSUPERVISIONTOPREVENTHOUSING DISCRIMINATIONBYREALESTATELICENSEES:
A. CaliforniaBusiness&ProfessionsCode(“B&PC”)§10170.5(a)(4)requires3hoursoftrainingonfairhousingforDRElicense renewal;RealEstateRegulation§2725(f)requiresbrokerswhooverseesalespersonstobefamiliarwiththerequirementsof federalandstatelawsrelatingtotheprohibitionofdiscrimination.
B. ViolationofDREregulationsorrealestatelawsagainsthousingdiscriminationbyarealestatelicenseemayresultintheloss orsuspensionofthelicensee'srealestatelicense.B&PC§10177(l)(1);10CCR§2780
6.REALTOR®ORGANIZATIONSPROHIBITDISCRIMINATION:NARCodeofEthicsArticle10prohibitsdiscriminationinemployment practicesorinrenderingrealestatelicenseservicesagainstanypersonbecauseofrace,color,religion,sex,disability,familialstatus, nationalorigin,sexualorientation,orgenderidentitybyREALTORS®.
7.WHOISREQUIREDTOCOMPLYWITHFAIRHOUSINGLAWS?
Belowisanon-exclusivelistofprovidersofhousingaccommodationsorfinancialassistanceservicesasrelatedtohousingwho aremostlikelytobeencounteredinahousingtransactionandwhomustcomplywithfairhousinglaws.
● Sellers
● Realestatelicensees
● Mobilehomeparks
● Insurancecompanies
● Landlords/HousingProviders
● Realestatebrokeragefirms
● HomeownersAssociations(“HOAs”);
● Governmenthousingservices
● Sublessors
● Propertymanagers
● BanksandMortgagelenders
● Appraisers
8. EXAMPLESOFCONDUCTTHATMAYNOTBEMOTIVATEDBYDISCRIMINATORYINTENTBUTCOULDHAVEA DISCRIMINATORYEFFECT:
A. Priortoacceptanceofanoffer,askingfororofferingbuyerpersonalinformationorlettersfromthebuyer,especiallywithphotos. Thosetypesofdocumentsmayinadvertentlyreveal,orbeperceivedasrevealing,protectedstatusinformationtherebyincreasing theriskof (i) actualorunconsciousbias,and (ii) potentiallegalclaimsagainstsellersandothersbyprospectivebuyerswhose offerswererejected.
B. Refusingtorent (i) anupper-levelunittoanelderlytenantoutofconcernforthetenant'sabilitytonavigatestairsor (ii) ahouse withapooltoapersonwithyoungchildrenoutofconcernforthechildren'ssafety.
9.EXAMPLESOFUNLAWFULORIMPROPERCONDUCTBASEDONAPROTECTEDCLASSORCHARACTERISTIC:
A. Refusingtonegotiateforasale,rentalorfinancingorotherwisemakeahousingopportunityunavailable;failingtopresentoffers duetoaperson'sprotectedstatus;
B. Refusingorfailingtoshow,rent,sellorfinancehousing;“channeling”or“steering”aprospectivebuyerortenanttoorawayfroma particularareaduetothatperson'sprotectedstatusorbecauseoftheracial,religiousorethniccompositionoftheneighborhood;
C. “Blockbusting”orcausing“panicselling”byinducingalisting,saleorrentalbasedonthegroundsoflossofvalueofproperty, increaseincrime,ordeclineinschoolqualityduetotheentryorprospectiveentryofpeopleinprotectedcategoriesintothe neighborhood;
D. Makinganystatementoradvertisementthatindicatesanypreference,limitation,ordiscrimination; ©2024,CaliforniaAssociationofREALTORS®,Inc. FHDAREVISED12/24(PAGE1OF2)
E. Inquiringaboutprotectedcharacteristics(suchasaskingtenantapplicantsiftheyaremarried,orprospectivepurchasersif theyhavechildrenorareplanningtostartafamily);
F. Usingcriminalhistoryinformationbeforeotherwiseaffirmingeligibility,andwithoutalegallysufficientjustification;
G. Failingtoassessfinancialstandardsbasedontheportionoftheincomeresponsiblebyatenantwhoreceivesgovernment subsidies(suchasbasinganotherwiseneutralrenttoincomeratioonthewholerentratherthanjustthepartofrentthatisthe tenant'sresponsibility);
H. Denyingahomeloanorhomeowner'sinsurance;
I. Offeringinferiorterms,conditions,privileges,facilitiesorservices;
J. Usingdifferentqualificationcriteriaorproceduresforsaleorrentalofhousingsuchasincomestandards,application requirements,applicationfees,creditanalyses,saleorrentalapprovalproceduresorotherrequirements;
K. Harassingaperson;
L. Takinganadverseactionbasedonprotectedcharacteristics;
M. Refusingtopermitareasonablemodificationtothepremises,asrequestedbyapersonwithadisability(suchasrefusingtoallow atenantwhousesawheelchairtoinstall,attheirexpense,arampoverfrontorrearsteps,orrefusingtoallowatenantwitha disabilityfrominstalling,attheirownexpense,grabbarsinashowerorbathtub);
N. Refusingtomakereasonableaccommodationinpolicies,rules,practices,orservicesforapersonwithadisability(suchasthe following,ifanactualorprospectivetenantwithadisabilityhasaserviceanimalorsupportanimal):
(i) Failingtoallowthatpersontokeeptheserviceanimaloremotionalsupportanimalinrentalproperty, (ii) Chargingthatpersonhigherrentorincreasedsecuritydeposit,or (iii) Failingtoshowrentalorsalepropertytothatpersonwhoisaccompaniedbytheserviceanimalorsupportanimal,and;
O. Retaliatingforassertingrightsunderfairhousinglaws.
10.EXAMPLESOFPOSITIVEPRACTICES:
A. Realestatelicenseesworkingwithbuyersortenantsshouldapplythesameobjectivepropertyselectioncriteria,suchas location/neighborhood,propertyfeatures,andpricerangeandotherconsiderations,toallprospects.
B. Realestatelicenseesshouldprovidecompleteandobjectiveinformationtoallclientsbasedontheclient'sselectioncriteria.
C. Realestatelicenseesshouldprovidethesameprofessionalcourtesyinrespondingtoinquiries,sharingofinformationand offersofassistancetoallclientsandprospects.
D. Housingprovidersshouldnotmakeanystatementoradvertisementthatdirectlyorindirectlyimpliespreference,limitation,or discriminationregardinganyprotectedcharacteristic(suchas“nochildren”or“English-speakersonly”).
E. Housingprovidersshoulduseaselectionprocessrelyingonobjectiveinformationaboutaprospectivebuyer'sofferortenant's applicationandnotseekanyinformationthatmaydiscloseanyprotectedcharacteristics(suchasusingasummarydocument, e.g.C.A.R.FormSUM-MO,tocomparemultipleoffersonobjectiveterms).
11.FAIRHOUSINGRESOURCES:IfyouhavequestionsaboutyourobligationsorrightsundertheFairHousinglaws,oryouthink youhavebeendiscriminatedagainst,youmaywanttocontactoneormoreofthesourceslistedbelowtodiscusswhatyoucando aboutit,andwhethertheresourceisabletoassistyou.
A. Federal: https://www.hud.gov/program_offices/fair_housing_equal_opp
B. State: https://calcivilrights.ca.gov/housing/
C. Local:localFairHousingCounciloffice(non-profit,freeservice)
D. DRE: https://www.dre.ca.gov/Consumers/FileComplaint.html
E. LocalAssociationofREALTORS®.Listavailableat: https://www.car.org/en/contactus/rosters/localassociationroster
F. AnyqualifiedCaliforniafairhousingattorney,orifapplicable,landlord-tenantattorney.
12.LIMITEDEXCEPTIONSTOFAIRHOUSINGREQUIREMENTS:Nopersonshouldrelyonanyexceptionbelowwithoutfirst seekinglegaladviceaboutwhethertheexceptionappliestotheirsituation.Realestatelicenseesarenotqualifiedto provideadviceontheapplicationoftheseexceptions.
A. LegallycompliantseniorhousingisexemptfromFHA,FEHAandUnruhasrelatedtoageorfamilialstatusonly;
B. Anownerofasingle-familyresidencewhoresidesatthepropertywithonelodgermaybeexemptfromFEHAforrental purposes,PROVIDED norealestatelicenseeisinvolved intherental;
C. Anownerofasingle-familyresidencemaybeexemptfromFHAforsaleorrentalpurposes,PROVIDED (i)norealestate licenseeisinvolved inthesaleorrentaland (ii) nodiscriminatoryadvertisingisused,and (iii) theownerownsnomorethan threesingle-familyresidences.Otherrestrictionsapply;
D. Anownerofresidentialpropertywithonetofourunitswhoresidesattheproperty,maybeexemptfromFHAforrental purposes,PROVIDED norealestatelicenseeisinvolved intherental;and
E. BothFHAandFEHAdonotapplytoroommatesituations.See, FairHousingCouncilvRoommate.comLLC,666F.3d1216(2019).
F. Sinceboththe14thAmendmentoftheU.S.ConstitutionandtheCivilRightsActof1866prohibitdiscriminationbasedonrace; theFHAandFEHAexemptionsdonotextendtodiscriminationbasedonrace.
Buyer/TenantandSeller/HousingProviderhaveread,understandandacknowledgereceiptofacopyofthisFairHousing& DiscriminationAdvisory.
Buyer/Tenant Date
Buyer/Tenant Date
Seller/HousingProvider Date
Seller/HousingProvider Date
3/28/2025
©2024,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproduction ofthisform, oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVED BYTHECALIFORNIA ASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONIN ANYSPECIFICTRANSACTION.A REALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE,CONSULTANAPPROPRIATE PROFESSIONAL.Thisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchase fromtheCaliforniaAssociationofREALTORS®. PublishedandDistributedby:REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCaliforniaAssociationofREALTORS® FHDAREVISED12/24(PAGE2OF2)
20 Balboa Coves LLC
Bederman Stacey Samuel The Bederman Family Tr
WIREFRAUDANDELECTRONICFUNDS TRANSFERADVISORY
(C.A.R.FormWFA,Revised12/21)
PropertyAddress: (“Property”).
WIREFRAUDANDELECTRONICFUNDSTRANSFERSADVISORY:
Theabilitytocommunicateandconductbusinesselectronicallyisaconvenienceandrealityinnearlyallpartsofourlives. Atthesametime,ithasprovidedhackersandscammersnewopportunitiesfortheircriminalactivity.Manybusinesses havebeenvictimizedandtherealestatebusinessisnoexception.
Whilewiringorelectronicallytransferringfundsisawelcomeconvenience,weallneedtoexerciseextremecaution. Emailsattemptingtoinducefraudulentwiretransfershavebeenreceivedandhaveappearedtobelegitimate.Reports indicatethatsomehackershavebeenabletointerceptemailedtransferinstructions,obtainaccountinformationand,by alteringsomeofthedata,redirectthefundstoadifferentaccount.Italsoappearsthatsomehackerswereabletoprovide falsephonenumbersforverifyingthewiringorfundstransferinstructions.Inthosecases,thevictimcalledthenumber providedtoconfirmtheinstructions,andthenunwittinglyauthorizedatransfertosomewhereorsomeoneotherthanthe intendedrecipient.
ACCORDINGLY,YOUAREADVISED:
1.ObtainphonenumbersandaccountnumbersonlyfromEscrowOfficers,PropertyManagers,or Landlordsatthebeginningofthetransaction.
2.DONOTEVERWIREORELECTRONICALLYTRANSFERFUNDSPRIORTOCALLINGTO CONFIRMTHETRANSFERINSTRUCTIONS.ONLYUSEAPHONENUMBERYOUWERE PROVIDEDPREVIOUSLY.Donotuseanydifferentphonenumberoraccountnumberincluded inanyemailedtransferinstructions.
3.Orallyconfirmthetransferinstructionislegitimateandconfirmthebankroutingnumber, accountnumbersandothercodesbeforetakingstepstotransferthefunds.
4.Avoidsendingpersonalinformationinemailsortexts. Providesuchinformationinpersonor overthetelephonedirectlytotheEscrowOfficer,PropertyManager,orLandlord.
5.Takestepstosecurethesystemyouareusingwithyouremailaccount.Thesestepsinclude creatingstrongpasswords,usingsecureWiFi,andnotusingfreeservices.
Ifyoubelieveyouhavereceivedquestionableorsuspiciouswireorfundstransferinstructions,immediatelynotifyyour bank,andtheotherparty,andtheEscrowOffice,Landlord,orPropertyManager.Thesourcesbelow,aswellasothers, canalsoprovideinformation:
FederalBureauofInvestigation:https://www.fbi.gov/;theFBI'sIC3atwww.ic3.gov;or310-477-6565 NationalWhiteCollarCrimeCenter:http://www.nw3c.org/ OnGuardOnline:https://www.onguardonline.gov/
NOTE:Thereareexistingalternativestoelectronicandwiredfundtransferssuchascashier'schecks. Bysigningbelow,theundersignedacknowledgethateachhasread,understandsandhasreceiveda copyofthisWireFraudandElectronicFundsTransferAdvisory.
Buyer/Tenant Date
Buyer/Tenant Date
Seller/Landlord Date
Seller/Landlord Date
©2021,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthis form,oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFIC TRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE, CONSULTANAPPROPRIATEPROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCalifornia AssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyby membersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

PublishedandDistributedby: REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCALIFORNIAASSOCIATIONOFREALTORS® 525SouthVirgilAvenue,LosAngeles,California90020 WFAREVISED12/21(PAGE1OF1)
Balboa Coves LLC Bederman Stacey Samuel The Bederman Family Tr
(C.A.R.FormCCPA,Revised12/22)
TheCaliforniaConsumerPrivacyAct(commencingwithCivilCode§1798.100)(“CCPA”),asamendedbyCaliforniavoters in2020,grantstoCaliforniaresidentscertainrightsintheirprivate,personalinformation(“PI”)thatiscollectedbycompanies withwhomtheydobusiness.UndertheCCPA,PIisdefinedbroadlytoencompassnon-publicrecordsinformationthatcould reasonablybelinkeddirectlyorindirectlytoyou.PIcouldpotentiallyincludephotographsof,orsalesinformationabout,your property.
DuringtheprocessofbuyingandsellingrealestateyourPIwillbecollectedandlikelysharedwithothers,includingreal estatelicensees,aMultipleListingService,realestateinternetwebsites,serviceproviders,lenders,andtitleandescrow companies,tonameseveralpossibilities.BusinessesthatarecoveredbytheCCPAarerequiredtograntyouvariousrights inyourPI,includingtherighttoknowwhatPIiscollected,therighttoknowwhatPIissoldorsharedandtowhom,theright torequestthatthebusinesscorrectordeleteyourPI,therightto“optout”orstopthetransferofyourPItoothers,andthe righttolimittheuseofcertainPIwhichisconsidered“sensitive.”YoumaygetoneormorenoticesregardingyourCCPA rightsfrombusinessesyouinteractwithinarealestatetransaction.However,notallbusinessesthatreceiveorshareyour PIareobligatedtocomplywiththeCCPA.Moreover,businessesthatareotherwisecoveredundertheCCPAmayhavea legalobligationtomaintainPI,notwithstandingyourinstructiontothecontrary.Forinstance,regardlessofwhethertheyare coveredbyCCPA,underCalifornialaw,brokersandMultipleListingServicesarerequiredtomaintaintheirrecordsfor3 years.IfyouwishtoexerciseyourrightsunderCCPA,whereapplicable,youshouldcontacttherespectivebusinessdirectly.
YoucanobtainmoreinformationabouttheCCPAandyourrightsunderthelawfromtheStateofCaliforniaDepartment ofJustice(oag.ca.gov/privacy/ccpa).Additionally,theCaliforniaPrivacyProtectionAgencyisauthorizedtopromulgate regulationswhichmayfurtherclarifyrequirementsoftheCCPA(cppa.ca.gov/regulations/).
I/weacknowledgereceiptofacopyofthisCaliforniaConsumerPrivacyActAdvisory,DisclosureandNotice.
Buyer/Seller/Landlord/Tenant Date
Buyer/Seller/Landlord/Tenant Date
3/28/2025
©2022,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthis form,oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFIC TRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE, CONSULTANAPPROPRIATEPROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCalifornia AssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyby membersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

PublishedandDistributedby: REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCALIFORNIAASSOCIATIONOFREALTORS® 525SouthVirgilAvenue,LosAngeles,California90020 CCPAREVISED12/22(PAGE1OF1)
(C.A.R.FormTOA,Revised6/23)
272 Evening Canyon, Corona Del Mar, CA 92625
Thisaddendumisgiveninconnectionwiththepropertyknownas (“Property”), inwhich is referredtoas(“Buyer/Tenant”) and is referredtoas(“Seller/HousingProvider”).
20 Balboa Coves LLC
Bederman Stacey Samuel The Bederman Family Tr 1) VLPA, P(1), Additional Items Included - 1: All plans and permits on the property
Theforegoingtermsandconditionsareherebyincorporatedinandmadeapartoftheparagraph(s)referredtointhe documenttowhichthisTOAisattached.TheundersignedacknowledgereceiptofacopyofthisTOA.
Buyer/Tenant Date
3/28/2025
Buyer/Tenant Date
Seller/HousingProvider Date
Bederman Stacey Samuel The Bederman Family Tr
Seller/HousingProvider Date
®2023,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthis formoranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFIC TRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE, CONSULTANAPPROPRIATEPROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCalifornia AssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyby membersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

PublishedandDistributedby: REALESTATEBUSINESSSERVICES,LLC. asubsidiaryoftheCALIFORNIAASSOCIATIONOFREALTORS® 525SouthVirgilAvenue,LosAngeles,California90020 TOAREVISED6/23(PAGE1OF1)
(C.A.R.FormCCPA,Revised12/22)
TheCaliforniaConsumerPrivacyAct(commencingwithCivilCode§1798.100)(“CCPA”),asamendedbyCaliforniavoters in2020,grantstoCaliforniaresidentscertainrightsintheirprivate,personalinformation(“PI”)thatiscollectedbycompanies withwhomtheydobusiness.UndertheCCPA,PIisdefinedbroadlytoencompassnon-publicrecordsinformationthatcould reasonablybelinkeddirectlyorindirectlytoyou.PIcouldpotentiallyincludephotographsof,orsalesinformationabout,your property.
DuringtheprocessofbuyingandsellingrealestateyourPIwillbecollectedandlikelysharedwithothers,includingreal estatelicensees,aMultipleListingService,realestateinternetwebsites,serviceproviders,lenders,andtitleandescrow companies,tonameseveralpossibilities.BusinessesthatarecoveredbytheCCPAarerequiredtograntyouvariousrights inyourPI,includingtherighttoknowwhatPIiscollected,therighttoknowwhatPIissoldorsharedandtowhom,theright torequestthatthebusinesscorrectordeleteyourPI,therightto“optout”orstopthetransferofyourPItoothers,andthe righttolimittheuseofcertainPIwhichisconsidered“sensitive.”YoumaygetoneormorenoticesregardingyourCCPA rightsfrombusinessesyouinteractwithinarealestatetransaction.However,notallbusinessesthatreceiveorshareyour PIareobligatedtocomplywiththeCCPA.Moreover,businessesthatareotherwisecoveredundertheCCPAmayhavea legalobligationtomaintainPI,notwithstandingyourinstructiontothecontrary.Forinstance,regardlessofwhethertheyare coveredbyCCPA,underCalifornialaw,brokersandMultipleListingServicesarerequiredtomaintaintheirrecordsfor3 years.IfyouwishtoexerciseyourrightsunderCCPA,whereapplicable,youshouldcontacttherespectivebusinessdirectly.
YoucanobtainmoreinformationabouttheCCPAandyourrightsunderthelawfromtheStateofCaliforniaDepartment ofJustice(oag.ca.gov/privacy/ccpa).Additionally,theCaliforniaPrivacyProtectionAgencyisauthorizedtopromulgate regulationswhichmayfurtherclarifyrequirementsoftheCCPA(cppa.ca.gov/regulations/).
I/weacknowledgereceiptofacopyofthisCaliforniaConsumerPrivacyActAdvisory,DisclosureandNotice.
Buyer/Seller/Landlord/Tenant Date
Buyer/Seller/Landlord/Tenant Date
3/28/2025
©2022,CaliforniaAssociationofREALTORS®,Inc.UnitedStatescopyrightlaw(Title17U.S.Code)forbidstheunauthorizeddistribution,displayandreproductionofthis form,oranyportionthereof,byphotocopymachineoranyothermeans,includingfacsimileorcomputerizedformats.THISFORMHASBEENAPPROVEDBYTHE CALIFORNIAASSOCIATIONOFREALTORS®.NOREPRESENTATIONISMADEASTOTHELEGALVALIDITYORACCURACYOFANYPROVISIONINANYSPECIFIC TRANSACTION.AREALESTATEBROKERISTHEPERSONQUALIFIEDTOADVISEONREALESTATETRANSACTIONS.IFYOUDESIRELEGALORTAXADVICE, CONSULTANAPPROPRIATEPROFESSIONAL.ThisformismadeavailabletorealestateprofessionalsthroughanagreementwithorpurchasefromtheCalifornia AssociationofREALTORS®.ItisnotintendedtoidentifytheuserasaREALTOR®.REALTOR®isaregisteredcollectivemembershipmarkwhichmaybeusedonlyby membersoftheNATIONALASSOCIATIONOFREALTORS®whosubscribetoitsCodeofEthics.

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