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HomeMy WebLinkAboutResidential Purchase Agreement and Joint Escrow InstructionsCALIFORNIA C A L I F ct l: N I A RESIDENTIAL PURCHASE AGREEMENT ®� c S O C I A T 1 lO rl AND JOINT ESCROW INSTRUCTIONS ® ®® O F REALTORS' For Use with Single Family Residential Property — Attached or Detached (CAR. Form RPA-CA, Revised 4110) Date Apz'1 3 2015 OFFER: scar rec M Coon (- Buyer). A THIS IS AN OFFER FROM Da+cd "'° B. THE REAL PROPERTY TO BE ACQUIRED is described as 450 scia P'ec x--ovo G�ardw CA y' -12x7 situated in ,Assessors Parcel No. 07759701E - — L o�c Grande , County of 5 r - Ob -Sao ,Cafdpm f k ia,Ptopertyr C. THE PURCHASE PRICE offered is Tipree H162dred Forc ??:ousanc (D011ars E 14n 000 00 ) D. CLOSE OF ESCROW sha0 occur on - -- - -" .:.e -r T n—• a ;"'hasa _(date) (or ❑ Days After Arreptancel. AGENCY: A DISCLOSURE: Buyer and Sell each adurOwledge prior receipt of a *Disclosure Regarding Real Estate Agency Re:atior's1pWs (CAR. Form AD). a rea of a tlisdosure of the Possibility of B. POTENTIALLY COMPETING BUYERS AND SELLERS: Buyer and Seiler each aCenowted9 4r multiple representation by the Broker representing that prmcrpal. This drsdosure may be pan of a listing agreement, represen at�'l n agreement or separate document (CAR. Form DA). Buyer understands that Broker rep asenimg Buyer may also represent buyers. who may consider, make offers on or utomalely acquire the Property. Sager understands that Broker representing Seiler may also re present other sellers with competing Properties of interest to this Buyer. C. CONFIRMATION: The following agency relationships are hereby confirmed for his transaction; (Print Finn Name) 6 he agent Listing Agent ` n` ' " "'1e of (check one): ® he Seller exclusively: or ❑ both the Buyer and Seller (print prim Firm Name) (if not the same as the Selling Agent - =.^.r- ^xsore ."E1ya2 c•r Listing Agent) s the agent of (check. one): © the Buyer exclusive or ❑the Seller exaWsivey; or C] both the Buyer and Seiler. Real Estate Brokers are not panes to the Agreement between Buyer and Seiler. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. 5 7 "500 Or, A. INITIAL DEPOSIT: Depovt shag be in the amount cf ........... . ... . . . .... . ...... .........._.... (1) Buyer shag deliver deposit directly to Escrow Holder by personal check. ❑ electronic funds transfer, ❑ Other within 3 business days after acceptance for ❑ Other )' OR (2) (If checked) ❑ Buyer has given the deposit by personal check (or ❑ w the agent submang the after (or to .The tlePOSit shall be held made payable to uncasned um8 Acceptance, and then deposited wah Escrow Holder (or ❑ into Brokers Inert accounq within ; business days after Acceptance (or ❑ Other B. INCREASED DEPOSR: Buyer shag deposit with Escrow Holder an increased deposit In the amount of ........... 5 within Days After Acceptance. or ❑ If a liquidated damages clause is incorporated to this Agreement, Buyer arid Seiler shag sign a separate liquidated damages clause (CA R. Form RID) for any increased deposd at the times is deposited. C. LOAN(S): (1) FIRST LOAN: in the amount of........ _ ...... . ...................... S 255 .000.00 This loan will be conventional financing err• if checked, ❑ FHA. ❑ VA, ❑ Seller (CAR. Form SFA), ❑ assumed fionncong (CA R. Forth PAA), ❑ Other This loan shag be at a fixed rate nCt to exceed % or, ❑ an adjustable rate ban with initial rate not to exceed %. Regardless of the type of loan. Buyer Shan pay points not to exceed % of the loan amount. (2) ❑ SECOND LOAN: in the amount of........................ _ ... _ _ ....... . . . - ........... ..... S This ban .11 be conventional financing of, if checked, ❑ Seller (CAR Form SFA) , ❑ assumed financing (CAR. Form PAA). ❑ Other . This ban shall be at a fold rate not to exceed IS or. ❑ an adjustable rate ban with initial rate not to exceed % Regardless of the type of ban, Buyer shall pay polnis not to exceed % of the ban amount. (3) FHAIYA: For any FHA or VA loan specified ebove. Buyer has 17 (or ❑ I Days Aftw Acceptance to Delmer to Seller written notice (CA R. Form FVA) of any lender- requL2d repairs or ss that Buyer requests 5elllef to pay for or repair. Seller has no obligation to pay for repairs or San* lender requirements unless otherwise agreed in writing D. ADDITIONAL FINANCING TERMS: E. BALANCE OF PURCHASE PRICE OR DOWN PAYMENT: In he amount of . . . ....... . ... . ... . . . . . . . . ... $ 77. 500. 0'v to be deposited with Escrow Holder within sufficient tine to close escrow F. PURCHASE PRICE (TOTAL); ... . . . ...... ... . _ _ .. _ ..... _ ....... _ . .... 5 .3,10-0170 00 /' l Buyers Initials ( LYl( ) (X A 4 ty� Sellers Initials ()` a- ) (F Z]ZC 1 X rro axhrgrc lens a aY trot DWI (rift 17 U s C -) ram as of tics rov o m oaem ssaea. m V- W OR Ox rmaa, IxS* I. ev i- o mmamrea rev¢ reo'i+.�r. l:aCr+,mC r9ir :CrO C.1L60RNIx /S5Q'.NTpN OR REALTORSN ANC KL RGHTS 3f5f RVEg RPA-CA REVISED 4110 (PAGE t OF 8) Revle^'a W Drm CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA -CA PAGE 1 OF 81 Agent Paul andlor Sherri elasters Phone: (805) 8780796 Fax: (805) 499 -2759 Prepared using zipf'orm9 sahware Broker: Home feasters Realty 237 Salida Gel Sol Arroyo Grande, CA 2342D 1450 Jas>_ne Place Property Address: .3=oyo Gram-de, CA 93420 Date: April 3, 2033 G. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Buyer (or Buyers lender or loan broker pursuant to 3H(1)) shall, within 7 (or ❑ ) Days After Acceptance, Deliver to Seller written verification of Buyers doom payment and closing costs (If checked. verification attached.) H. LOAN TERMS: (1) LOAN APPLICATIONS: Within 7 (or ❑ I Days After Acceptance, Buyer shall Deliver to Seller a letter from lender or loan broker stating that based on a review of Buyers written applicanon and credit report, Buyer is prequal"Ified or preapproved for any NEW loan specified in 3C above (If checked. ❑ letter attached.) (2) LOAN CONTINGENCY: Buyer shall act dillgenlly and in good faith to obtain the designated loan(s). Obtaining the loan(s) specified above is a contingency of this Agreement unless otherwise agreed in writing Buyers contractual obligations to obtain and provide deposit, balance of down payment and dosing costs are not contingencies, of this Agreement. (3) LOAN CONTINGENCY REMOVAL: (i) Within 17 (or ❑ ) Days After Acceptance. Buyer shall, as specified in paragraph 14, in writing remove the loan contingency or cancel this Agreement OR (ii) (if checked) ❑ the ban contingency shall remain in effect until the desgnatted loans are funded. (4) ❑ NO LOAN CONTINGENCY (If checked): Obtaining any ban specified above is NOT a contingency of this Agreement. If Buyer does not obtain the ban and as a nesutt Buyer does not purchase the Property. Seller may be emitted to Buyers deposit or other legal remedies. 1. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (or, if checked, ❑ is NOT) contingent upon a written appraisal of the Property by a licensed or candied appraiser of no less than the specified purchase price. If there is a loan contingency. Buyers removal of the loan contingency shall be deemed removal of this appraisal contingency (or, ❑ if checked. Buyer shall, as specified in paragraph 14B(3), in writing remove the appraisal contingency or cancel this Agreement wilhin17 (or ) Days After Acceptance) If there is no loan contingency. Buyer shall, as speufied in paragraph 14B(3), in writing remove the appraisal contingency or cancel this Agreement within 17 (or 1 Days After Acceptance_ J. ❑ ALL CASH OFFER (If checked)) Buyer shall, within 7 (or ❑ ) Days After Acceptance, Deliver to Seller written verification of sufThdent funds to close this transaction (If checked, ❑ verification attached.) K. BUYER STATED FINANCING: Seller has retied on Buyers representation of the type of financing specify (mcuding but not limited to, as applicable. amount of down payment, contingent or non contingent ban. or all rash)- If Buyer seeks altemate financing, (i) Seller has no obligation to cooperate with Buyer=_ efforts to obtain such financing. and iI) Buyer shall also pursue the financing method specified in this Agreement. Buyers falune to secure alternate financing does )rot excuse Buyer from the obligation to purchase the Property and dose esc;mw as spec5ed in this Agreement 4. ALLOCATION OF COSTS (If decked): Unless otherwise specified in writing, this paragraph only determines who is to pay for the Inspection, test or service ('Report] mentioned; n does not determine who is to pay for any work recommended or identified in the Report A INSPECTIONS AND REPORTS: (1)t4 Buyer j§ Seller shall pay for an inspectior. and report for wood destroying pests and organisms ('Wood Pest Report) prepared by �'b( -n, relSs2e a registered structural pest control company. L (2) ❑ Buyer ❑ Seller she!] pay to have septic or primate sewage disposal systems pumped and Inspected (3) ❑ Buyer ❑ Sel shall pay to have domeshcwells tested for water potability and productivity (4) ❑ Buyer ® Seller shall pay for a nahual hazard zone ds:losure report prepared by any re2i b2a (5) ❑ Buyer ❑ Seller shall pay for the following inspecuan or report (6) ❑ Buyer ❑ Sal shall pay for the following inspection or report B. GOVERNMENT REQUIREMENTS AND RETROFIT: (1) ❑ Buyer Q Seller shall pay for smoke detector Installation andlor water heater bracing, if required by Law. Prior to Close Of Escrow. Seller shall provide Buyer wmhen statements) of compliance in accordance :rim state and local Lase, unless exempt (2) ❑ Buyer Q Seller shall pay the cast of compliance with any other minimum mandatory government retrofit standards. inspec ions and reports if requires as a condition of dosing escibw under any Law. C. ESCROW AND TITLE: (1) 5] Buyer © Seller shall pay escrow fee 57 - 50 s -tic Escrow Holder shall be Fz r-? - 1, --- (2) ❑ Buyer © Seller shall pay for owners We insurance policy specified in paragraph 12E Owner's title policy to be issued by F' C!6' ' -V re Ciona ' T j t2e (Buyer shall pay for any title insurance policy insuring Buyer's lender. unless othew•ise agreed in writing.) D. OTHER COSTS: (1) C3 Buyer ® Seller shall pay County transfer tax or fete (2) ❑ Buyer ❑ Seller shall pay City transfer tax or fee (3) ❑ Buyer (Q Seller shall pay Homeowner's Assodahon CHOW) transfer fee (4) ❑ Buyer ® Seller snail pay HOA document preparation fees (5) ❑ Buyer ❑ Seller shall pay for any Private transfer fee (6) ❑ Buyer ® Seller shall pay the cost, not to exceed 5 300. 00 , of a one -year home warranty plan, issued by O'C Sap•• -1. ^ , with the following optional coverages - C] Air Conditioner ❑ PwVSpa ❑ Code and Permit upgrade ❑ Other - Buyer is informed that home warranty plans have many optional coverages in addition to those fisted above Buyer is advised to investigate these coverages to determine those that may oe sortable for Buyer (7) ❑ Buyer ❑ Seller shall pay for (8) ❑ Buyer ❑ Set shall pay tot Buyers Initials (X !� ) (X : ' ? t,) $etlers Inmals (�' Lit ti k55rMkC, f�.t:FORr`w ASSOCI:TWn OFOF RERLi0iL53 elm RPA-CA REVISED 4)10 (PAGE 2 OF B) ftIT'ICrrep try Date srturc osc.val CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA -CA PAGE 2 OF 8) Coon 1 =50 Jasmine Place Property Address Arroyo Gr`ae. CA 93420 Dale: April 3. 2013 5. CLOSING AND POSSESSION: A- Buyer intends (or ® does not intend) to occupy the Property ea Buyers primary residence. B. Sellero pied or vacant property: Possession snail be delivered to Buyer at 5 PM or O : i` 0 AM aPM), on the dam of Close Of Escrow: ❑ an ; or IS no later than Days After Close Of Escrow. If transfer of title and possession do not occur at the same tune. Buyer and Seller are advised to. 0) emer into a written occupancy agreement (CAR. Form PAA. paragraph 2): and (iQ consult with their mserance and legal advisors. C- Tenantoccupied property: (Q Property shall bo vacant at least 5 (or ) Days Prior to Close Of Escrow, unless otherwise agreed in writing. Note to Seller. If you are unable to deliver Property vacant in accordance with rem control and other applicable Law, you may be in breach of this Agreement. OR (ii) (d checked) ❑ Term to remain in possession. (C.A.R. For PM paragraph 3) D. At Close Of Escrow, O Seller assigns to Buyer any assignable warranty rights for items included In me sale, and (ii) Seller shall Deliver to Buyer available Copies or. wamanbe<_. Brokers cannot and win not detemhine the assignaoility of any vvarnbe . E. At Close Of Escrow, unless otherwise agreed in writing, Seller shall provide keys andlor means to operate all locks, mailboxes, seaimy systems alarms; and garage door Openers. If Property is a condominium or located in a common Imams) subdivision, Buyer may be required to pay a deposit to the Homeovmers' AssociVion NOAJ to obtain keys to accessible HOA facilities G. STATUTORY DISCLOSURES (INCLUDING LEAD-BASED PAINT HAZARD DISCLOSURES) AND CANCELLATION RIGHTS: A. (1) Seller shall, within the tune SOecfied in paragraph 14A Dealer to Buyer, d required by Law_ (i) Federal Lead -Based Paim Oisclosures (C.AR. Foos FLD) ano pamphlet (-Lead Disclosures'); and (ii) disclosures or notices required by sections 1102 et. seq. and 1103 el. seq of the Civil Code ('Statutory Dlsci05ures -). Statutory Disclosures include, but are not limned to, a Real Estate Transfer Disclosure Statement ('TDS ), Natural Hazard Disc!csure Statement (- NHD-), notice or actual knowledge of release of illegal parmalled substance notice of special tax andfor assessments (or, ri allowed, subslanually equivalent notice regarding the Mello-Roos Community Facilities Ad and Improvement Bond Ace of 1915) am. if Seller has actual knowledge. of industrial use and military ordirnce location (C A.R. Form SPO or SSO)- (2) Buyer shall, within the time specified in paragraph 14B(1). return Signed Copies of the Statutory and Lead Disclosures to Seller. (3) In the event Seller. prior to Close Of Escrow. becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, information or representations previously provided to Buyer. Seller shall promptly provide a subsequent Of amended disclosure or notice, in wrong, covering those items. However, a subsequent or amended disclosure shall not be required for conditions and material inaccuracies of which Buyer is otherwise aware, or which are disclosed in reports provided to or obtained by Buyer or ordered and paid for by Buyer (4) If any disclosure or notice specified in 6A(1), or subsequent or amended disclosure or notice is Delivered to Buyer after the offer is Signed. Buyer shall have the right to t2nzzl this Agreemeal wnlhln 3 Days After Delivery 0 person, or 5 Days After Defrivery by deposit in the mad, by giving wrAen notice Of cancellation to Seller or Sellers agent. (5) Note to Buyer and Seller: Waiver Of Statutory and Lead Disclosures is prohibited by Law. B. NATURAL AND ENVIRONMENTAL HAZARDS: Within the time specified in paragraph 14A. Seller shall, If required by Law (1) Deliver to Buyer earthquake guides (and questionnaire) and environmental hazards booklet, (ii) even C exempt from the obligation to provide a NHD, disclose r. the Property is located in a Special Flood Hazard Area: Potential Flooding (Inundation) Area; Very High Fire Hazard Zone: State Fire Responsibility Area; Earthquake Fault Zone, Seismic Hazard Zone, and (iii) disclose any other zone as required by Law and provide any other information required for those zones. C. WITHHOLDING TAXES: Within the time specified in paragraph 14A. to avoid required withholding, Seller shall Deliver to Buyer or quaRien suostdute, an affidavit su5iaem to =ioty with federal (FIRPTA) and California withholding Law. (C A R. Form AS or OS). D. MEGAN'S LAW DATABASE DISCLOSURE: Notice. Pursuant to Section 29046 of the Penal Code, information about spec -fled registered sex cheneers is made Evaaaoie to the puDl¢ via an Intern-el %Neo she maintained by the Department of Justice ai wwu megansiew ca gov Depending On an OffEne2r5 criminal nlslory. IFas information veil include edner the address at which the offender resides or the community of residence and ZIP Code in which he or she resides. (Nether Seller nor Brokers are requlrec to clack this website if Buyer wants further ihfornation. Broker recommends Inat Buyer oblam information from this weosne during Buyers inspection contingency period- Brokers do not have expense in :his area.) 7. CONDOAAINIUMIPLANNED DEVELOPMENT DISCLOSURES: A. SELLER HAS: 7 (or ❑ ) Days After Acceptance to disclose to Buyer whether the Property is a condominium, OF is located in a planned development or other common Interest subdivision (CA R. Form SPO or SSD). B. If the Property is a condominium or is located in a planned development or other common interest subdivision, Seller has 3 (or ❑ ) Days After Acceptance to request from the HOA (CA.R. Form HOA). (t) Copies of any documents required by Law, (it) disclosure or any pending or anticipated claim or Ingation by or against the HOA; (iii) a statement containing the location and number of designated parking and storage spaces; (iv) Copies of the most recent 12 months of HOA minutes for regular and special meetings; and (v) the names and contact information of all HOAs governing the Property (colleclively,'Cl Disclosures'). Seller shall itemize and Deliver to Buyer all Cl Disclosures received from the HOA and any Cl Disclosures in Seller's possession. Buyers approval of CI Disclosures is a contingency of this Agreement as specified in paragraph 14B(3). 8. ITEMS INCLUDED IN AND EXCLUDED FROM PURCHASE PRICE: A NOTE TO BAYER AND SELLER: Items listed as included or excluded in the MLS, flyers or marketing materials are not included in the purchase price or excluded from the sale unless specified in 8B of C B. ITEMS INCLUDED IN SALE: (1) All EXISTING fucures and fittings that are attached to the Property; (2) EXISTING electrical. mechanical, fighting. plumbing and heating tortures. ceiling fans, fireplace inserts, gas logs and grates, solar systems, built -in appliances. window and door screens, awnings, shhmers, window coverings, attached floor Coverings, television amerame, satellite dishes, private integrated telephone systems, air coolershnnditioners. pootspa equipment, garage door openeWremde controls, mailbox, In- ground landscaping. nees/smubs. water softeners, water purifiers, security, systemsialarms: (If checked[S] slove(s), 0 refrigerator(s): and (3) The following additional -tems: (4) Seller represents that all items included in the purchase price. unless otherwise specified, are owned by Seller (5) Ail items included shall be transferred free of liens and without Seiler wamanly C. ITEMS EXCLUDED FROM SALE: Unless otherwise specified. audio and video components (such as flat screen TVs and speakers) are excluded if any such item is not itself attached to the Property, even it a bracket or other mechanism arched to the component is a -ached to the Property: and A f Z Sellers IMai$ ( X—PIL Buyers Initials (X ) (X 1t' � • r — cm,n,,toivar- -nio CALH, ikIA FSsCY: =nDU Of RF TDASI3 o1C Revieacl oy Date RPA-CA REVISED 4110 (PAGE 3 OF 8) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA. PAGE 3 OF 8) Qcn 7450 Jasaine P -ace Property Address:,,�—royo Gr_c =e, C4 93520 Date: Aoril 3, 2613 9. CONDITION OF PROPERTY: Unless other me agreed: (i) the Property is sold (a) in its PRESENT physical ("asis ") condition as of the date of Acceptance and (b) subject to Buyer's investigation rights; (it.) the Property, including pod, spa, landscaping and grounds. is to be maintained in substantially the same condition as on the date of Acceptance; and (iii) all dells and personal property not included in the sale shall be removed by Seller by Close Of Escrow. A. Seller shall, within the time specified in paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property. including known insurance claims within the past five years, and make any and all other dsclosums required by law. B. Buyer has the right to inspect the Property and, as specified in paragraph 14B, based upon information discovered in those inspections: @ Cancel this Agreement; or (u) request that Seller make Repairs or take other action. C. Buyer is strongly advised to conduct irrverstigations of the entire Property in order to determine Its present condition. Seller may not be aware of all defects affecting the Property or oftr factors that Buyer Considers important Property improvements may not be built according to code, in compliance with current Law, or have had permits issued. 10. BUYER'S INVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY: A Buyers acceptance of the Condition of, and any other matter affecting the Property, is a contingency of this Agreement as specified in this paragraph are paragraph 14B- Within the time specified in paragraph 1413(1). Buyer shall have the right at Buyers expense unless otherwise agreed, to Conduct inspections, Investigations, tests, surveys and other studies ('Buyer Investigations"). including. but not limited to. the right to: (i) inspect for lead-based palm and ohef lead -based paint hazards; (fi) inspect for wood Destroying pests and organisms, (fit) review the registered sex offender database; (iv) confirm the insurability of Buyer and L4e Properly, and (v) sadsfy Buyer as to any matter specified in the attached Buyers Inspection Advisory (CA.R. Form BIA). Wdhoul Sellers prior written Consent. Buyer shall neither make not cause to be made: (f) invasive or destructive Buyer Investigation; or (Ill inspections by any govemnvntal building or zoning inspector or government employee. unless required by Law 13 Seller shall make the Property available for all Buyer Investigations. Buyer shall (i) as specified in paragraph 14B. complete Buyer Investigations and, either remove the Contingency or Cancel this Agreement and (ii) give Seller, at no Cost, complete Copies of all Investigation reports obtained by Buyer, which obligation shall survive the termination of this Agreement C. Seller shall have water, gas, eteCoiaty and all operable pilot lights on for Buyers Investigations and through the date Possession Is made available to Buyer D. Buyer indemnity and Seller protection for entry upon property: Buyer shalt (1) keep the Property free and Clear of liens; (it) repair all carnage arising from Buver Investigations, and (iii) indemnify and hold Seller harmless from an resulting liability, claims, demands, damages and Costs of Buyers inwesligahons Buyer snail Carry. or Buyer small require anyone acting on Buyers behalf to Carty, policies of liability, workers' compensation and other applicable Insurance defending and protecing Seller from liability for any injuries to persons or property occurring ounng any Buyer investigations or work done on the Property at Buyers direction prior to Close Of Escrow. Seller is aovised that certain protections may be afforded Seller by recording a "Notice- of Non- responsib-InY (C-A.R. Forth NNR) for Buyer Investigations and work done on the Prcperty at Buyers direction Buyers obligations under this pa agraph shall survive the termination or cancellation of this Agreement and Close of Escrow. 11. SELLER DISCLOSURES; ADDENDA; ADVISORIES; OTHER TERMS: A. Seller ulsclosures try cnecKea ; oeuel bite,,. w,u„„ , „� ,,,•F � �. -- ... ._ ._ _ ... .. __... _ _ ® Seller Property Questionnaire fCA R Form SPO) OR ❑ Supplemental Contractual and Statutory Disclosure (CA R. Forth SSDI E. Addenda if checked), ❑ Addendum A (C A.R. Form ADM) Ej Wood Destroying Past Inspection and Allocation of Cost Addendum (C A.R Fonn WPA) ❑ Short Sale Addendum (CA R Form SSA) Li inner C. Advisories (if checked) VI Buy a Inspedbn Adv¢ory (CA R. Form BIA) _ ❑ P ooate Advisory (CAR Form PAK) ❑ Statewide Buyer ano Seller Advisory (C.A.R- Form SBSA) 1`1 Tmar Advaory (CA.R Form TA) ❑ REO Advisory (C. A.R. Form REO) )a 12 TITLE AND VESTING: A Within the time specdled in paragraph 14, Buyer shall be provided a current preliminary title report. which shall include a search of the General Index. Seller shall whin 7 Days After Acceptance give Escrow Holder a completed Statement of Information. The preliminary report is only an offer by the vile insurer to Issue a Policy of title insurance and may not contain every rem affecting Cale- Buyers review of the preliminary report and any other matters whim may affect title are a coringency of this Agreement as specified in paragraph 14B. B. Title is taken in its present condition subject to all encumbrances. easements. covenants. Conditions. restrictions, rights and other matters. "ether of record or not, as of the Gate of Acrcpianca except (i) monetary liens of record unless Buyer is assaming :nose obligations or taking the Pmperty subject to those obligations: and (ii) those maters whl:h Seiler has agreed to remove in writing. C. Within the tune specified in paragraph 14A. Seller has a duty to disclose to Buyer all matters known to Seller affecting Ltle. whetter of record or not D. At Close Of Escrow. Buyer snail receive_ a grant deed conveying title (or. for stock coopeative or long -term lease, an assignment of stock certificate or of Sellers Ieasehdd interest), including oil, mineral and water rights d Currently owned by Seller- Title shall vest as designated in Buyer's supplemental escrow instructions- THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES CONSULT AN APPROPRIATE PROFESSIONAL E. Buver shall receive a CLTAIALTA Homeowners Policy of Title Insurance. A tNe company, at Buyers request, can provide information Bowl the availability, cesiab st thry, Coverage, survey requirements, and co of various We insurance coverages and endorsements. If Buyer desires tine coverage other than that required by this paragraph, Buyer shall instruct Escrow Holder in writing and pay any increase in cost. 13. SALE OF BUYEIYS PROPERTY: A Tnis Agreement Is NOT comingent upon the sale of any property owned by Buyer. OR B. ❑ (if checked): The attached addendum (CA R. Fonn COP) regarding the cornugency, for the sale of property owned by Buyer is incorporated Into this Avgrreemeent (ray qA Buyers initials s =1( Sellers In4als (X) (k ) Ccvr.;;m0 +- Nt_.MirOm :iRr SOCL:TION OF R`PLTORS_ INC R&nevRd �, Dam -r�iitsre O W=y RPA -CA REVISED dlf 0 (PAGE 4 OF 6) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA -CA PAGE 4 OF 8) Ce°f 1450 Ja.scine Place Property Address: Arroyo Grande CA 93420 Date: April 3, 2013 14, TIME PERIODS: REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be extended, ahered, modified or changed by mutual written agreement- Any removal of contingencies m cancellation under this paragraph by either Buyer or Seller must be exercised in good faith and in writing (CA.R. Forth CR or CC). A SELLER HAS' 7 (or W 5 ) Days After Acceptance to Deliver to Buyer an Reports• disclosures and information for which Seller is responsible under paragraphs 4, EA, B and C, 7A 9A, 11A and B, and 12. Buyer may grim Seller a Notice to Seller to Perform (CA.R. Form NSP) if Seller has not Delivered the items within the time specified. B. (1) BUYER HAS: 17 (or ® 3 ) Days After Acceptance, unless otherwise agreed in writing, to (i) complete all Buyer Investigations; approve all disclosures, reports and other applicable Information, which Buyer receives from Seller and approve all other matters affecting the Property; and (it) Deliver to Seller Signed Copies of Statutory and Lead Disclosures Delivered by Seller in accordance with paragraph 6A. (2) Within the time specified in 146(1). Buyer may request that Seiler make repans or take any other action regarding the Property (C.AR. Form RR). Seller has no obligation to agree to or respond to Buyers requests (3) Within the time specified in 148(1) (or W othmin a specified in this Agreement. Buyer shall Deliver to Seller either (i) a removal of the applicable contingency (CA.R. Form CR), or (1 a cancellation (CA R Form CC) of this Agreement based upon a contingency or Seger's failure to Deliver the specified items. However, it any report, disclosure or information for wtuc : Seller Is responsible IS not DaIrvered within the time specified in 14A, then Buyer has 5 (or (] ) Days After Delivery of any such items. or the lime specified in 14B(t), wnichever is later. to Deliver to Seller a removal of the applicable contingency or cancellation of this Agreement (4) Continuation of Contingency: Even after the end of the tinoe specdred in 143(1) and before Seller cancels this Agreement, d at all, Pursuant to I4C. Buyer retains the right to either (i) in writing remove remaining contingencies, or (if) cancel this Agreement based upon a remaining contingency or Sellers fa -lure to Deliver the sPectfied terms Once Buyers written removal of all contingencies is Delivered to Seller. Seller may not cancel this Agreement pursuant to 14C(1). C. SELLER RIGHT TO CANCEL: (1) Seller right to Cancel; Buyer Contingencies: If, within time specified in this Agreement, Buyer does not, in wining. Denver to Seller a removal of the applicable contingency or cancellation of this Agreement then Seller, after first Delivering to Buyer a Notice to Buyer to Peyiorm (C A R Form NBP) may cancel this Agreement In such event. Seller snail authorize return of Buyers deposit. (2) Seller right to Cancel; Buyer Contract Obligations: Seller, after first Denvenng to Buyer a NBP may cancer this Agreement for any of the following reasons (i) ff Buyer fails to deposit funds as required by 3A or 3B; (ii) if the funds deposited pursuant to 3A or 3B are not good when deported: (iii) If Buyer fails to Deliver a notice of FRA or VA costs or terns as required by 3C(3) (CA.R- Forth FVA); (iv) if Buyer faits to Deliver a letter as required by 3H; (v) if Buyer fails to Deliver verification as required by 3G or 3.1; (vi) it Seller reasonably disapproves of the verification provided by 3G or 3J: (vii) it Buyer fads to return Statutory and Lead Disclosures as required by paragraph 6A(2); or (viii) it Buyer fails to sign or initial a separate liquidated damage form for an increased deposit as required by paragraphs 3B and 25, In such event. Seller shall authorize retum of Buyers depose (3) Notice To Buyer To Perform: The NBP shall: (i) be in writing: (ii) be signed by Seller. and (iii) give Buyer at least 2 (or ❑ 1 flays After Delivery (or until the time specified in the applicable paragraph, whichever occurs [asst to take the applicable action. A NBP msy not be Delivered any earlier man 2 Days Prior to the expiration of the applicable time for Buyer to remove a contingency or cancel this Agreement or meet an obligation specified in 14C(2) D. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes, in writing, any conbngency or cancellation rights, unless otherwise specified in a separate written agreement between Buyer and Seller, Buyer shall with regard to that contingency or cancellation right conclusively be deemed to have. (t completed all Buyer Investgabons_ and review of reports and other applicable information and disclosures: (if) elected to Proceed with the hanseUmn, and (iii) assumed all nab:lity, responsibility and expense for Repair or corrections or formability to obtain friancing. E. CLOSE OF ESCROW: Before Seiler or Buyer may cancel this Agreement for failure of the other party to close escrow Pursuant to this Agreement. Seiler or Buyer must fiat give the other a demand to close escrow (C A R. Form DCE)- F. EFFECT OF CANCELLATION ON DEPOSITS: If Buyer or Seller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement, Swer and Seller agree to Sign mutual instructions to cancel the sale and escrow and release deposits, if any. to the parry entitled to the funds, less fees and costs incurred by mat party Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed release instructions from Buyer and Seller, judicial decision or arbitration award. A Buyer or Seller may be subject to a civil penalty of up to $1,000 for rehsal to sign such Instructions if no good faith dispute exists as to who is entitled to the deposited funds (Civil Code §1057.3). 15. REPAIRS: Repairs shall be completed prior to final verification of condalon unless otherwise agreed in writing. Repairs to be performed at Severs expense may be perormed by Seller or through others, provided that the work complies with applicable Law, including governmental perm[. inspection and approval requirements Repairs snail be performed in a good . skillful manner with materials of quality and appearance comparable to existing materials. It is understood that exact restoration of appearance or cosmetic items follv.•dng all Repairs may not ce possmle- Seller Shan' (i) obtain receipts for Repairs performed by diners; (if) prepare a vmtten statement indicating Me Repairs performed by Seller and the date of such Repairs: and (m) provide Copies of receipts and statements to Buyer prior to final verdcahon cl wndmon 16. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final inspection of the Property within 5 (or 1 Days Prof to arse Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm: (f) the Property Is maintained pursuant to paragraph 9: (n) Repairs have been completed as agreed; and (fli) Seller has complied with Sellers other obbgations under this Agreement (CA R. Forth VP). 17. PRORATION$ OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed in writing, the following items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Esamr- real property taxes and a=ssessments, interest, rents, HOA regular. special, and emergency dues and assessments imposed prior to Close Of Escrow premiums on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and paymems on Nlello-Roos and other Special Amessrent District bonds and assessments that are a cement lien The following items shall be assumed by Buyer WITHOUT CREDIT toward the purchase price. pronsted payments on Mello-Roos and other Special Assessment District bonds and assessments and HOA special assessments that are a current hen but not yet due. Property will be reassessed upon change of ownership Any supplemental tax bits shall be paid as follows: (i) to, periods after Close Of Escrow, by Buyer, and (ii) for periods prior to Close Of Escrow, by Seller (we C.A R. Form SPT or SBSA for further intonation) TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. Proradons shall be made based on a 30-day month Buymfs Initials (X ) .; sellers Initials Corrq:919iii -Xhgc Vollhu assxurhoN C>F meuronso. rvc R M. Dille •6""'s p :rte r RPA-CA REVISED 410 (PAGE 5 OF 8) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPALA PAGE 5 OF 8) 3, e Place Date: APr%-1 201_ Providers i 1950 lamfn product prdvAers Property rs do not guarantee the Periprmarhce of try vendANY Pro idersrof chair own tdhoossal Address'. prro o Graeae . G; 93 :20 the sales Prtce and OF SERVICE PROVIDERS: &Ole n. Buyer and Seuer rthay select ❑ Close Ot Escrow• to use L'te 18. SELECTION Broker �� by Buyer, Seller or other perso n to the MLS a pendhrhp solo aM. Is whether refered by Brokers ere suthoraed to rep° mated to persons and entities authorized 'MLS ") to In and dbserh 19. MULTIPLE US TING SERVICE (shall be Or to the MLS to De W other farms of this transamO^ I anti-0isCru^ination Laws -revarT+ng Buyer or Seller MLS Pr is sold In compliance with tadwal, stela and local o, this Agreement the p ,formation on terms approved by the he ed in paragraph 26A. action. prpceedm9• or artiitraucrh between Buyer and Seller carting out 28. ATTORNEY HOUSING OPPORTUNITY: The nWnY vaath9 Buyer or Seller. except es proud 21. ATTORNEY FEES: In arty from the nort�re shan be entaled to reasonable attorney- fees and and is delivered to and personally received by the r or fmal counter ofer is accepted in Wntmg by a Pant 221. DEFINITIONS. As used m the Agreement M a final taunter offer. A. ,A=pMnre' moans me tune rte cite agent � accordance with the lams of this offer- other party or that partys authorized age parable form agreed to by the parties- other "C.A.R. Form" means the specific form referenced or another cam Close C. "Close Of EscrcW" means the date the grant deed, or Other R mace^ mtle landelerclronUe s d act required by this Agreement (Indudmg D. "Copy- means copy by any means in er After (or performance d1 any Day E. "Days" means calendar days- Howe -After Ac�a_or legal the last Day- pa red. not counting the calendar data on which Of Fscrow) shall not include any ySSaturday wmber u d ender d3aYS aftea the dpccu Irranoe of the evan�spectr Afte1' means the sped not counting the ca lendar date on which F. t Mired event Occurs. and girding at 11:59PM on the final day. rrence of the event specified. G, "Days Prior" means the specified number of calendar days before the cap means and shag be effective upon the specified avert is scheduled [0 o Mil, email, Fax. other), Occur. principal ass m paragraph D of the section titled Real H- "Deliver-, -Delivered" or "Delivery , retie individual of me method used (i.e. messenger, (i) personal recarpt by Beyer Of Salle nOv uzne attached addendum t(C.A I Orm RDN)- pecdted n with California Law. Buyer and Estate Brokers on page B; OR C) Ilcable, an electronic COPY or signature compM 9 Agreement without the I. °Electronic Copy" or "Electronic Signature" means. as app to modify or alter the content or integrity of this Seller agree that electronic means will not be used by ginner panty knowledge and consent of the other Pary . J. "Law" Mans; any law, code, statute. ordinance, regulation, rote or order, Which is adopted by a controlling cof county, state or for order this judicial or eyecdth -'E body Of agency. l s nit of the Property provided K "Repairs' means any rcparts Gncludirg pest wntroll, alterations. re?laceMiltS, MBd�Ca,IDO_ Or 2lrof ^B Agreement . it on counterpart P y ^salon to Broker as specified in a separate wddten L. "Signed" means either a handw Len or electron: signature on an original oocument y y 23. BROKER COMPENSATION: Seller Or Buyer• or both. as appLDal)le, agrees t0 a Compa agreement between Broker and that Serer or Buyer. Compensatm is payable upon Close Of Escrow, or if escrow does O01 dose. aS DUIBfWSe specified in the agreement between Broker and that Seller or Buyer. 2A. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: and Seller A. The following paragraphs, or applicable portions thereof, 01 this Agreerount r affem an addend., , and Q y 2ddttroR9 Of ,al instructions to Est Holder, ,- hich Escrvx Holder is to use along with any related counter areR old D of the section tilled Real Estate aBrok On Paga doss the esQVw- 1. 3, A, EC, 11 B and D. 12, 13B, 14F, 17, 22, 23, 24. 2e. 30, and paragraph h D of tie section tilled Real Estate Brokers on a If a Copy of the separate compensation agreement(s) provided for in paragraph 23. or paragrap page 8 is deposited with Escrow Holder by Broker. Escrow Holder shag accept such agreement(s) and pay out of Buyers or Seller's funds, or both, as applicable, the respective Broker's compensation provided for in such agreemem(s). The terns and condltons of this Agreement not spel copy referenced above, in me specified paragraphs are additional matters for the information of Escrow Holder. but about which Escrow' Holder need not be concerned Buyer and Seller will receive Escrow Holder's general pro visions direly horn Escrow Holler and will execine such provisions upon Escrow Hollers request To the extent the general provisions are inconsistent or conffid with this Agreement, the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Seller Will execute additional insbvdtons, documents and forms provided try Escrow Holder that are reasonably necessery to dose me escrow. B. A Copy of this Agreement Shall be delivered to Escrow Holder within 3 business days after Acceptance for ❑ ). Escrow Holder snag provide Sales Statement of Information to Title company when received from Seller. Buyer and Seiler authorize Escrow Holder to accept eM rely on Copies and Signatures ae defined in this Agreemard as original_ to Open escrow and for other purposes of escrow. The validity of this Agreement as between Buyer and Seller is not aff Red by Whether or When Escro+v Holder Signs this Agreament- C. Brokers are a parry to the escrow, for the sole purpose of compensation pursuant to paragraphs 23 and paragraph D of the section titled Real Estate Brokers on page_ B_ Buyer and Seller irrevocably assign to Brokers compensation specified in paragraphs 23, respectively, and irsvofably instruct Escrow Heider to drsourse hose funds to Brokers at Close Of Escrow or pursuant to any ocher mutuaty exeaned raneellstion ageemerc Compersabon instructions Can be amended or revoked only with the written consent of Brokers. Buyer and Seller shall release and hold harmless Escrow Holder tram ary Iiabi cy resulting from Escow Holder's payment to BrOkegs) of compensation pursuant to this Agreement Esrtav Holder shall Immeervely notify Brokers. (i) if Buyer's initial or any additional deposit is rot made pursuant to this Agreement. or is not good of time Of, deposit With Escrow Holder, or (ii) if either Buyer or Seger instruct Escrow Holder to cancel escrow D. A Copy of any amendment Mal affects any paragraph of this Agreemen: for which Escrow Holder is responsible shall be delivered to Escrow Holder within 2 business days after mutual execution of the amendment Buyers Imaats (X,3` /� )1 xt+ ^.:�VI Seller's Initials 1 C,, Vo ia tssr.mlq GL60RHW ASSOCWTION OF ne;a.laiss 0111 RPA-CA REVISED 4118 (PAGE 6 OF 8) Print Date Reviewed by Dale ! CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPALA PAGE 6 OF 8) Coon 1450 Janine Place Property Address: F,rrovo Grande, CA 93420 Date: April 31, 2013 25. LIQUIDATED DAMAGES: If Buyer fails to complete this purchase because of Buyers default, Seller shall retain, as liquidated damages, the deposit actually paid. If the Property is a dwelling with no more than four units, one of which Buyer intends to occupy, then the amount retained shall be no more than 3% of the purchase price. Any excess shall be returned to Buyer. Release of funds will require mutual, Signed release instructions from both Buyer and Seller, judicial decision or arbitration award. AT TIME OF THE INCREASED DEPOSIT BUYER AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION FOR ANY INCREASED DEPOSIT. (C.A.R.,FO,RM RID(. -y-—� B. Nero lnals 1 h�.1.t Sellers Initials I^o— ! ^din 26. DISPUTE RESOLUTION: A. MEDIATION: Buyer and Seller agree to mediate any dispute or claim arising between them out of this Agreement, Of any resulting transaction. before msorting to art>tiratwn or corm action. Buyer and Seller also agree to mediate any disputes or claims with Broker(s), who, in writing, agree to such mediation prior to, or within a reasonable time after, the dispute or claim is presented to the Broker. Mediation fees, it any, shall be divided equally among the patties involved If, for any dispute or claim to which this paragraph applies, any parry (i) comment an action without first allempUng to resolve the matter through mediation. or (u) before commencement of an action, refuses to mediate after a request has been made, then that party shall not be entitled to recover attorney fees, even H they would othetwse be available to that party in any cacti action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED. Exclusions from this mediation agreement are specified in paragraph 26C. B. ARBITRATION OF DISPUTES: Buyer and Seller agree that any dispute or claim in Law or equity arising between them out of this Agreement or any resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration. Buyer and Seller also agree to arbitrate any disputes or claims with Broker(s), who, in writing, agree to such arbitration prior to, or within a reasonable time after, the dispute or clalm is presented to the Broker. The arbitrator shall be a retired judge or justice, or an attorney with at least 5 years of residential real estate Law experience, unless the parties mutually agree to a different arbitrator. The parties shalt have the right to discovery in accordance with Code of Civil Procedure §1283.05. In all other respects, the arbitration shall be conducted in accordance with Title 9 of Part 3 of the Code of Civil Procedure. Judgment upon the award of the arbitrators) may be entered into any court having jurisdiction. Enforcement of this agreement to arbitrate shall be governed by the Federal Arbitration Act. Exclusions from this arbitration agreement are specified in paragraph 26C. "NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GMNG UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY." "WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE'ARBITRATION OF DISPUTES' PROVISION TO NEUTRAL ARBITRATION." Buyers Initials 1 Seller's Initials C. ADDITIONAL MEDIATION AND ARBITRATION TERMS: (1) EXCLUSIONS: The following matters shall be excluded from mediation and arbitration: (i) a judicial of rron- judicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage or installment land sale contract as defined in Civii Code §2985; (ii) an unlawful detainer action; (iii) the tiling or enforcement of a mechanic's lien; and (iv) any matter that is within the jurisdiction of a probate, small claims or bankruptcy court The riling of a court action to enable the recording of a notice of pending action, for order of attadanerh; receivership, injunction• or other provisional remedies. shall not constitute a waiver or violation of the mediation and arbitration provisions. (2) BROKERS: Brokers shag not be obligated or wmpelled to mediate or arbitrate unless they agree to do so in writing. Any Brokerts) participating in mediation or arbitration shall root be deemed a parry to the Agreement_ 27. TERMS AND CONDITIONS OF OFFER: This is an offer to purchase the Property on the above terms and conditions. The liquidated damages paragraph or the arbitration of disputes paragraph is inrnrporated in this Agreement H indialed by all parties w H incorporated by mutual agreernef in a counter offer or addendum. H at least one but not all parties initial such paragraph(s), a counter after is required until agreement is reached. Seller has the night to continue to offer the Property for sale and to accept any other offer at any time prior to notification of Acceptance If this offer is accepted anti Buyer subsequently defaults. B,jM may be responsible for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, includ:rg any Copy, may be Signed in two or more counterparts, all of which shall ccnstitute one and the same wrung. 28. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time is of doe essence. All understandings between the parties are incorporated in this Agreement. its terms are intended by me parties as a final, complete and exclusive expression of their Agreement wah respect to ids subject matter, and may not be contradicted by eviaence of any prior agreement or contemporaneous oral agreement it any provision of this Agreement is held to be inelfect ,e or invalid, the remaining provisions will nevertheless be given full force and effect - Except as otherwise specified, this Agreement shall be interpreted and disputes shall be resolved in accodance with the laws of the State of C21HOm12 _ Neither this Agreement nor any provision in it may be extended, amended, modified, ahered or changed. except in wnting Signed by Buyer and Seller. 1 ?', (� Sellers Initials �_ '. /y rX { 1 Buyer's IrtitlaK (X r,� -(.• (X � 1'' ) ('' 1 (� ) rc:ir�.^.:91 M1C G/Y60fL \K!$$OCInT�n OF RMf R$a WC RPALA REVISED 4110 (PAGE 7 OF 8) Revzmtl by Dale Is4scVC CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA -CA PAGE 7 OF B) Cam 1550 Jasmine Place Property Address: Arroyo Grande, CA 93420 Date: P.ori1 3, 2013 29. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposa shall be returned unless the offer rs Signed oy Seller and a Copy of the Signed offer is personalty received by Buyer, or try Sherri Mescers who is authorized to receive rt, by 5:DO PM on the trdrd after thb r is signed by Buyer (or. chedceo. w Dy 7:00 C] AM ®PM, On Acri_ 3. 00:3 (date)). Buyer has read and acknowledges receipt of a Copy of the offer and agrees to the above Confirmation of )Bert cy la reyonshlps Cate �3p Date `Y• /,7 ,'S BUYER �i ,(1 � /!7'/ BUYER%��� /oV . -�_ =�/'r- fCiL�• : !h^.r'd V Coo-i M_.raaroc M Ce (Print name) (Print name) 538 Tda SrrFet, FsroVO Grande, CA 53420 (Address) ❑ Additional Signature Addendum aaa-dred (C.kR- Form ASA). 30. ACCEPTANCE OF OFFER: Seller warrants that Seiler is the owner of me Property, or has the authority to execute this Agreement Seller adepts the above offer, agrees to sell the Property on the above terms and conditions, and agn:es to the above confirmation of agency relationships Seller has re and acknowledges receipt of a Copy of M¢ Agreement and atdhor Broker to Deliver a Signed Copy to Buyer. (If f ?, ) SUBJECT TO ATTACHED COUNTEROFFER (CAR. Form CO) DATED: Date 9• - L 0 1 } Date 4: q-. -2-0 . 3 SELLER n SELLER :Add _Toro Siorid i (Print name) (Print name) ❑ Additional Signature Addendum attached (CA R. Form ASA) l r ) CONFIRMATION OF ACCEPTANCE: A Copy of Signed Acceptance was personalty received by Buyer or Buyers authorized pmtialsl agent on (dale) at C] AM [] PM. A binding Agreement is created when a Copy of Signed Acceptance is personally received by Buyer or Buyers authorized agent whether or not confirmed in this document Completion of this confirmation is not legally required in order to create a binding Agreement It is solely intended to evidence the date that Confirmation of Acceptance has occurred. PEAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B. Agency" relationships are confirmed as stated in paragraph 2. C. 1! 5pecihad In paragraph 3A (2) Acem who submitted the offer for Buyer atlmowledges MCINOI of deposit I D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Firm) and Cooperating Broker agrees to accept, out of listing Broker's proceeds in escrow. (i) the amount specified in the MLS, provided Cooperating Broker is a Participant of the MLS in which the Property is ofrefed for sale or a reciprocal MLS; or (1l) ❑ (il checked) the amount specified in a separate written agreement (C A.R. Forth CBC) between Listing Broker and Coopefe:ind Broker. Declaration of License and Tax (CAR. Form DLT) may be used to document that tat reporting will oe re led or trial an exemption exists R ORE Lic. "t, 1944 35 By She rrl M =.s rnry DRE Lie 9OO892493 Date Ll- A less _ ?7 Sa_ ±da Del 5� Cny Fro o Grande Slate CA. Zip 97420 Telephone (805)305 -1928 ax (805)489 -2759 Hnai cFa s _.c Real Estate Broker (Lisung Flm) Gen n-. 21 R®e =ovr: Real tv Per DRE Lic. #PC2200 By eili Coc;rshotc ORE Lac. 01059726 Date Address 1160 Price Street City Pisr., Beach State C7.- Zlp 93449 Telephone tnn5 ;771 -210U Fax (805)773 -4:35 Hriall - Ir I achrrtar. ESCROW HOLDER ACKNOWLEDGMENT: Escrow Holder acknotkiedoes receipt of a Copy of th¢ Agreement. (it check a deposit in the amount of S ccumer offer numbered I:YE -� i � . Q Seller's State nfomation and 0 Other and grees tali as as Escrow HDlder subject to paragraph 24 of this Agreement, any supplemental escrow irsttudions and the terms of Escrow Holders general provisions it any. Escrow Holder a covrseo that the date of Connmat n of Acoepaance of the (greement as between Buyer and Seller is Escra:f Holder ° Esaovp '�.•.,,'x•.-7.q '� 7 BYP `1 111 Address x v ^ /'. -7 ial, "r 1 Ph Oner,aw -mall i4. /' G-: Escrow Holder is license by the Cal: omia Department f [3 Corpd Insuranoe,U Real Estate. License N PRESENTATION OF OFFER: ( ) Listing Broker presented Nis offer to Seller on (Bate). emha rr Demglhs hhala REJECTION OF OFFER: ( ) (_ ) No Counter o °er is being made. This offer was (elected by Seller on (date). seders lw�als THIS TORM MS BEEN ArMOVED er Th Mil'OPWO ASSOC:AT ION OF REALTOP.S'• (CAR) NO REPRESENTAMN IS uADE As TO THE LEGAL VAL4ORY OR ADEQUACY OF ANY MY ISION IN AM' SR_C1 =C IFANSACf" A REAL' ESTATE UROaE :5 THE PER5'JN O'JALRIED TO ADASE ON REAL ESTAIE IP.SAC EONS IF YOJ OESIRE LECAL OA T. ADVICL CONSULT AN APPWi`RIATE YnCrE551ONi1 1— lo:m u _... Iv — Ly I e:cnc ,eA psa mrs E a N rve I m C _q L\ ,u0 u a RFALTO�, Rr1JTOn, a a , vo= meP1r Mwzvry r,r, warn ny Lv .nee v'4 ry Contra c. LV NATIONkL ASSOCIATION Q �FL10RSer.rw uevu b et ,, -.rb e- E: +:a Pub%E!S arV D6mhu5i Try RE?L ESTATE BUSR:_55 SERVIC -c5. WC. RQ••ewed tit, U-1 6 W6Shcaryof ft GeOTia AS91)CI7p'i OIREALTORM 525 South Yegi Avenue,Los ,Vyeles, CafAme 50020 Broker w Desligoee Date n �I W I REVISION DATE 4110 CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPALA PAGE 8 OF 8) Coen ,- C A L I F O R N I A WOOD DESTROYING PEST INSPECTION AND V � - 5 , O:: I T f n ALLOCATION OF COST ADDENDUM ® A C.A-R. Fonn WPA, Revised 11112 ®®r OF kE.. LTO RS l 1 This is an addendum to the ® California Residential Purchase Agreement or Other ('Agreement-), dated Arr_l 3. 2013 On property known as 1450 Jasmine Place Arrovo Grznde CA 93420 ('Property'), between Javid y Coca Margaret M Coon ('Buyer), and Todd Iona, Sigrid Lo,:T (°Seller). 1. Unless otherwise specified, the Agreement permits the Buyer to inspect the property and investigate its condition. One of the inspections the Buyer may obtain is for wood destroying pests and organisms 'Wood Pest Report. Whether obtained and paid for by Buyer or Seller. Buyer's review and approval of a Wood Pest Report would generally be covered by the inspection Contingency of the Agreement Before Buyer removes or waives the inspection contingency, or other contingency specifically related to a Wood Pest Report, Buyer may cancel the Agreement if dissatisfied with the condition described in the Wood Pest Report, even if this Wood Pest Addendum is not made part of the Agreement 2. A. The Wood Pest Report shall be paid for and prepared as specified in the Agreement, or if checked, ❑ Buyer ® Seller shall pay for a Wood Pest Report prepared by any re1_abla , a registered Structural Pest Control company. B. The Wood Pest Report shall cover the main building and attached structures and, if checked: ❑ detached garages and carports, ❑ detached decks, ❑ the following other structures on the Property. . The Wood Pest Report shall not include roof coverings. If the Property is a unit in a condominium or other common interest subdivision, the Wood Pest Report shall include only the separate interest and any exclusive -use areas being transferred, and shall not include common areas. Water tests of shower pans on upper level units may not be performed unless the owners of property below the shower consent C. The Wood Pest Report shall be separated into sections for evident infestation or infection (Section 1) and for Conditions likely to lead to infestation or infection (Section 2). (1) (Section 1)0 Buyer 0 Seller shall pay for work recommended to correct 'Section 1' Conditions described in the Wood Pest Report and the COSt of inspection, eniry and closing of those inaccessible areas where active infestation or infection is discovered. (2) (Section 2)0 Buyer ❑ Seller shall pay for work recommended to correct "Section 2' conditions described in the WOOD Pest Report if requested by Buyer. D. If the Wood Pest Report identifies inaccessible areas, and Buyer requests inspection of those inaccessible areas, the person identified In C1 shall pay for the cost of entry, inspection and closing of only those inaccessible areas where Section 1 conditions are discovered and Buyer shall pay for the cost of entry, inspection and closing of all other inaccessible areas. E. Seller shall Deliver to Buyer, prior to Close Of Escrow, with a written pest control certification ( "Certification ") showing that no infestation or infection is found or that required corrective work is completed. If paragraph 2A does not refer to a specific registered Structural Pest Control company and Seller obtains more than one Wood Pest Report pursuant to this Addendum, Seller may Choose which Wood Pest Report to use as the basis of the Certification provided that Seller Delivers to Buyer all Wood Pest Reports obtained by Seller before Buyer removes any contingency for Wood Pest inspection. By signing below, the undersigned acknowledge that each has read, understands and has received a copy of this Date - J. _1- o L 4- 4- 2 o) 3 Date Buyer X i %ar�zel y - Seller ; _Tc De7i3 - /� Buyer X } The oop,+ipN Ian4 of me urdeo Slays rr a 17 u S. Cooe) forbid ma, ua eu mraa e7odW,m of this form. a any Petro thereof. by ph xicopy nacfsod.lmany ghe, memrs. ududay facshrule a m Pulemo fore ls. Coolrght 02012, CALIFORNIA ASSOCIATION OF REALTORSE. INC ALL RIGHTS RESERVED. THIS FORM RAS BEEN APPROVED BY THE CALIFORNA ASSOCIATION OF RFALTORSO (C A.R ). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR AOEOUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL Thu idm s avmlau:e la use by the enure real estate n dustq 11 s rot mwsded b EeTbfy are user as a REALTOR® REALTOR® is a repsffied collective membershp me* m n may be used mri by members of me NATIONAL ASSOCIATION OF REALTORS® ono subambe b ,s Coda of EmCs Putie+r old OseCVRC tr iffJ.1 ESTATE BV:Jn<a SEFVICcS. MG . 525 °_cal YVgiArtmR.ia A'9ea. ra510 9AS WPA REVISED 11112 (PAGE 1 OF 1) WOOD DESTROYING PEST INSPECTION AND ALLOCATION OF COST ADDENDUM (WPA PAGE 1 OF 1) ABdnt: Paul and/or Sherri Masters Phone: (805) 878-0798 Fax: (805) 489 -2759 Prepared using zipFornr& software GSTPIFA CALIFORNIA ASSOCIATION BUYER'S INSPECTION ADVISORY ®d OF REALTORS" (C.A-R. Form BIA-A, Revised 10r02) ® ("Property. Pro rty Address- I450 Jas =tae Place, Pr_ c Grande CA 93420 A. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchased is not guaranteed by either Seller or Brokers. For this reason, you should conduct thorough investigations Of the Property personalty and with professionals who should provide written reports of their investigations. A general physical inspection typically does not cover all aspects of the Property nor items affecting the Property that are not physically located on the Property. H the professionals recommend further imestigations, including a recommendation by a pest control operator to inspect inaccessible areas of the Property, you should contact qualified experts to conduct such additional investigations. B. BUYER RIGHTS AND DUTIES: You have an affirmable (Jury to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the investigation and verification of information and facts that you know or that are within your diligent attention and observation. The purchase agreement gives you the right to investigate the Property. If you exercise this right, and you should, you must do so in accordance with the terms of that agreement. This is the best way for you to protect yourself. It is extremely important for you to read all written reports provloed by professionals and to diswss the results of Inspections with the professional who conducted the inspection. You have the right to request that Seller make repairs, corrections Or take other action based upon Items discovered in your investigations or disclosed by Seller. If Seller is unwilling uhavo unable to satisfy our requests, or you do not want to purchase the Property in its disclosed and discovered condition, y right u may be in agreement d you acl within specific time periods If you do not cancel the agreement in a timely and proper manner, yo y breach of contract. C. SELLER RIGHTS AND DUTIES: Seller is required to disclose to you material facts known to himrher that affect the value or desirability cf the Property. However, Seller may not be aware of some Property defects or conditions. Seller does not have an obligation to inspect the Property for your benefit nor is Seller obligated to repair, correct or otherwise cure known defects that are disclosed to you or previously unknown defects that are discovered by you or your inspectors during escrow. The purchase agreement obligates Seller to make the Property available to you for investigations. D• BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as soil stability, geologic or environmental conditions, hazardous or ilegaI controlled StibSlafiCes. SWctural condflions of the foundation or other improvements, or the condition of the roof, plumbing, heating, air conditioning, electrical, sewer, septic, waste disposal, or other system. The only way to accurately determine the condition of the Property is through an inspection by an appropriate Professional selected by you. If Broker gives you referrals to such professionals, Broker does not guarantee their performance. You may select any professional of your choosing. In sales involving residential dwellings with no more than four units. Brokers have a duty to make a diligent visual inspection of the accessible areas of the Property and to disclose the results of that inspection. However, as some Property defects Or conditions may not be discoverable from a visual inspection, it Is possible Brokers are not aware of them. If you have entered into a written agreement with a Broker, the specific terms of that agreement will determine the nature and extent of that Brokers duty to you YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS. E- YOU ARE ADVISED TO CONDUCT INVESTIGATIONS OF THE ENTIRE PROPERTY. INCLUDING, BUT NOT LIMITED TO THE FOLLOWING: 1. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof, plumbing, heating, air conditioning, electrical, mechanical. security, POOVspa, Other structural and non - structural systems and components, fixtures. built-in appliances, any personal property included in the sale, and energy efficiency of the Property. (Structural engineers are best suited to determine possible design or construction defects. and whether improvements are structurally sound.) 2. SQUARE FOOTAGE, AGE, BOUNDARIES: Square footage. room dimensions. lot sae, age of improvements and boundaries. Any numerical statements regarding these items are APPROXIMATIONS ONLY and have not been verified by Seller and cannot be verified by Brokers. Fences. hedges, walls, retaining walls and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. (Professionals such as appraisers, architects. surveyors and civil engineers are best suited to determine square footage, dimensions and boundaries of the Property .) 3. WOOD DESTROYING PESTS: Presence of, or conditions likely to lead to the presence of wood destroying pests and organisms and other infestation or infection. Inspection reports coveting these items can be separated into two sections: Section 1 identifies areas where infestation or infection is evident Section 2 identifies areas where there are conditions likely to lead !D infestation or infection. A registered structural pest control company is best suited to perform these inspections. 4. SOIL STABILITY: Existence of fill or compacted soil, expansive or contracting soil, susceptibility, to sl'PPage, settling or movement, and the adequacy of drainage. (Geotechnical engineers are best suited to determine such conditions, causes and remedies ) The copyright laws of the United States (TNe 17 U.S. Code) forbie the (V py ; t 1( 4 1t unauthorvad reproduction of this fame, or any portion ;hereof, by photocopy Buyers Initials machine or any other means. including facsimile or comOlrlenzep formats Sellers Initials X .� ) Copyright C 1991.2004. CALIFORNIA ASSOCIATION OF REALTORS®, Rev�vma �. Date __ if:u�cim INC ALL RIGHTS RESF -RVED- BIA-A REVISED 10102 (PAGE 1 OF 2) BUYER'S INSPECTION ADVISORY BIA-A PAGE 1 OF 2 Agppt: Paul andlor Sherri Mastars Phone: 1005) 878 -07s5 Fax: (805) 436- ?759 Prepared using zipFOrm® software Broker: Home Masters Realry 237 Salida Del Sol Arroyo Grande, CA 93420 Property Address Date: Ate-, i ° °913 S. ROOF: Present condition, age, leaks, and remaining useful life. (Roofing contractors are best suited to determine these conditions.) 6. POOLISPA: Cracks, leaks or operational problems. (Pool contractors are best suited to determine these Conditions.) T. WASTE DISPOSAL' Type, size, adequacy, rapacity and condition of sewer and septic systems and components, connection to sewer, and applicable fees. 8. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS: Water and utility availability, use restnchons and costs. Wale: quality, adequacy, condition, and performance of well systems and components. 9. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including, but not limited to, asbestos. lead -based paint and other lead contamination, radon, methane, other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, materials. products. Or Conditions (including mold (airbome, toxic or otherwise), fungus or similar contaminants). (For more infdnnation on these items, you may consult an appropriate professional or read the booklets'Emnronmenlal Hazards: A Guide for Homeowners. Buyers, Landlords and Tenants,' - Protect Your Family From Lead in Your Home' or both.) 10. EARTHQUAKES AND FLOODING: Susceptibility of the Property to earthquakelseismic hazards and propensity of the Property to flood. (A Geologist or Geomchnical Engineer is best suited to provide information on these conditions.) 11. FIRE, HAZARD AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary. The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property and Buyer, may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this information may affect other decisions, Including the removal of loan and inspection Contingencies (An insurance agent is best suited to provide information on these conditions) 12. BUILDING PERMITS, ZONING AND GOVERNMENTAL REQUIREMENTS: Permits, inspections, certificates, zoning, other governmental limitations, restrictions, and requirements affecting the current or future use of the Property. Its development or size. (Such information is available from appropnate governmental agencies and private information Providers. Brokers are not qualified to review or interpret any such information.) 13. RENTAL PROPERTY RESTRICTIONS: Some Cities and counties impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants; and the right of a landlord to terminate a tenancy. Deadbolt or other locks and security systems for doors and windows. Including window bars, should be examined to determine whether they satisfy legal requirements (Government agencies can provide information about these restnctions and other requirements.) 14. SECURITY AND SAFETY: State and local Law may require the installation of barriers, access alarms, self - latching mechanisms and /or other measures to decrease the risk to Children and other persons of existing Swimming pools and hot tubs, as well as various fire safety and other measures concerning other features of the Property. Compliance requirements differ from city to city and county to county. Unless specifically agreed, the Property may not be In compliance with these requirements (Local government agencies can provide Information about these restrictions end Other requirements.) 15. NEIGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including senools, proximity and adequacy of law enforcement. crime statistics, the proximity of registered felons or offenders, fire protection. other government services, availability. adequacy and cost of any speed - wired. wireless internal connections or other telecommunications or other technology services and Installation=_, proximity to commercial, industrial or agricultural activities existing and proposed transportation, construction and development that may affect noise. view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, nazards, or circumstances, protected species, weltand properties. botanical diseases. historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common Interest subdivisions. and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures and /or religions, and personal needs, requirements and Buyer and Seller acknowledge and agree that Broker. (f) Does not decide what price Buyer should Pay or Seller should accept; (ii) Does not guarantee the condition of the Properly: (iii) Does not guarantee the performance, adequacy or completeness of inspections. services, products or repairs provided or made by Seller n. others. (iv) Does not have an obligation to conduct an inspection of common areas a areas off the site of the Pmpefry: (v) Shall not be responsible for identdying defects on the Property, in common areas. or offsde unless such defects are visually observable by an inspection of reasonably accessible areas of the Property or are known to Broker, (Col) Shall not be responsible for inspecting public records or permits condeming the title or use of Property, (vii) Shall not be nesponsible for identifying the location of boundary lines or other items affecting Lida, (viii) Shall not be responsible for venlying square footage. representations of others or irdonnm¢n contained in Investigation reporls, Nuliple Listing Service, advertisements, Ayers or other promotional material; (ix) Shall net be responsible for providing legal or tax advice regarding any aspect of a transaction entered into by Buyer or Seller, and (x) Snail nor be responsible for providing other advice or udonnalion that exceeds the knovAedge, education and experience required to perform real estate licensed activity. Buyer and Seller agree to seek legal, tax insurance, title and other desued ass:stance from appropriate professionals By signing below. Buyer and Seller each acknowledge that they w this A sory. uyer is eferaged to read it wrefylry. X r�Cl (mil (yu =' '/ Buyer Signature DBle Da vi V Goon, oJ.'j K e— 9`-4 -zo 13 Seller Signature —Date -odd long have read, understand, accept anti Here reucrvcar o ­FY w, THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS) (CA R_) NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION A REAL ESTAT_ BROKER. IS THE PERSON QUALIRED TO ADVISE ON REAL ESTATE, TRANSACTIONS IF YOU DESIRE LEGAL OR TAX ADVICE CONSULT AN APPROPRIATE PROFESSIONAL Tins Iom'n u Zva aria for usa by Ore eruae real eStlt? inoestry 15 not in1w.&d :o ,der.Lh liIie as a REALTOR7s REALTORS* a raamxreo mleCawe me•- +C`ersNp maM1 v.-,Icn n,, m usen wM El m .,s of ir,e NATIONAL ASSOCIATION OF REALTL ,,, who s,ASa'[ M its coo. c1 ETI6 74*1 of 's ad L-sNGYi, [ �RewewN by Date i owp _ x'LESTAI'SIS1\ESZSER'IICESPoC 2Sdaaryd 7i ETinn2A "a:o uw5_ .2S3 r{ E25 wt,,i'v AVie_, to A-ve�. car —Kol l Qtr BIA -A REVISED 10102 (PACE 2 OF 2) BUYERIS INSPECTION ADVISORY (BIA -A PAGE 2 OF 2) 3 CALIFORNIA COUNTER OFFER No. lvo ASSOCIATION 101 O F REALTORS; For use by Seller or Buyer. Maybe used for 110) o Offer. (CAR Form CO, Revised 77!10) This is a counter offer to the: California Residential Purchase Date April 5, 2013 ® Agreement. ❑ Counter Offer No.. or ❑ Other (-Offer-). dated April 3, 2013 , on property Imam as 1450 Jasmine Place Todd R Lono iarid H. Long rsefer'). TERMS: The terms and rcndaions of the above referenced document are accepted subject to the following: A. Paragraphs In the Offer that require Initials by all partly, but acs not Initialed by all partles, are excluded from the Orel agreement unless specifically referenced for Inclusion In paragraph 1C of this or another Counter Offer. B. U., Otherwise agreed in writing, down payment and ban amount(s) will be adjusted in the same proportion as In the Original Offer. C. OTHER TERMS: Purchase price co be 352.000 D. The following attached addenda are Incorporated Into this Counter Offer. ❑ Addendum No. ❑ ❑ 2. RIGHT TO ACCEPT OTHER OFFERS: If this is a Seller Counter Offer. (I) Seller has the right to continue to otter the Property for sale Or for another tansaction. arch to accept any other offer at any time prior to Acceptance, as described In paragraph 3 and (9) Seller's acceptance of another offer Prior to Buyer's Acceptance of this Counter Offer, shag revoke this Counter Offer. 3. EXPIRATION: This Counter Offer shelf be deemed ravoked anti the deposits, If any, shag be returned unless this Counter Offer R signed by the Buyer w Seller to whom B is sent and a Copy of the signed Counter Offer is personally received by the person making this Counter Offer or by Share: Masters , who is authorized to receive 9, by 5:00 PM on the third Day After the later date specified in paragraph 5 or, (if checked) by ❑n Ail 6. 2013 (date). at 5:00 ❑ AM © PM. This Counter Offer may be executed in counterparts. 4, (11 checked:) MULTIPLE COUNTER OFFER Seger is making a Counter Offer(s) to another prospective buyer(s) on tams that may or may Rno be the same as in this Counter Offer. Acceptance of this Counter Offer by Buyer shag not be binding unless and until it is subsequently reSlgneo by Seger N paragraph 7 Delow and a Copy of the Counter Offer Signed in paragraph 7 is personally received by Buyer or by who 13 authorized to receive it, by 5:00 PM on the third Day After the later date specified in paragraph 5 0, (d checked) by ❑ (date), at ❑ AM []PM. Prior to ft completion of all of these events. Buyer and Seller shall have no duties or obligations for the purchase or sale of the Property. NOTE TO SELLER: Sign and data In paragraph 6 to make this Counter Offer. S. OFFER-./§0 BU31RO S ER MAKES THIS COUNTEROFFER ON THE TERMS ABOVE ANDgqCKNOWLEDGES RECEIPT OF A COPY. Date .0n 1d= / ,-c- /fix Data oyes -%i � 6. ACCEP NC 1704112, E .pt the Counter Offer (If checked ❑ SUBJECT TO THE ATTACHED COUNTER OFFER) and acmowlMo receipt of a �� ,L L^- � oats `f' - iv- 7,c, 13 Time 4 It1 ❑AM,.,P�M � � =V `�� " T Date 4 • ` • 20 1 3 Tare 4:10 ❑ AM FROM 7. I MULTIPLE -COUNTER OFFER SIGNATURE LINE: By signing below, Se NOTE TO SELLER: Do NOT sign In this box until after Buyer signs In I Dan) Dato 6. (Paragraph 7 applies only If paragraph 4 Is checked.) Time ❑AMOP Time ❑AMDp a. (_ / ) (Initials) Continuation of Acceptance: A Copy of Signed Acceptance was personally received by the maker of the Counter Otter, or that person's authorized agent as specified in paragraph 3 (or, if this is a Multiple Counter Offer, the Buyer or Buyer's authorized agent as specified in paragraph 4) on (data) at ❑ AM ❑ PM. A binding Agreement is created when a Copy of Signed Acceptance is Personally received by the the maker of the Counter Otter, or that person's authorized agent (or, H this is a Multiple Counter Offer, the Buyer or Buyer's authorized agent) whether or not confirmed In this document Completion of this confirmation Is not legally required In order to create a binding Agreement; It is solely Intended to evidence the date that Acceptance has occurred. The copyright Iona of the United Slates (Tdk 17 U S. Code) forbtl the unauumuaed repoducion of Nis form. or any thereof, by Photocopy madmhme or am Winer means, induGng raamm a oenpukvlmd formats- CopydgN O 1OW2012, CALIFORNIA ASSOCIATION OF REALTORS®, INC ALL RIGHTS RESERVED THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS* (CAR). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEOUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE CONSULTAN APPROPRIATE PROFESSIONAL. Thb form is Milsh a for use by the emus reel estate WuIDy. 0 .m ml'mbtled to idaNry Oa user as a REALTOR*. REALTORS ms a reebtered mhecae member" man whch may W heed only by members d time NATIONAL ASSOCIATION OF REALTORSS who subcalae to to Cade of Ethics. i PutlaheE orb �� q _ REAL ESTATE S NESS SERVICES, INC s mbsdeydDo Ciiftw A=Won dREA TURS11 Reviered by _Date ,@ 53 Seth Vast Awae. la AN" CL4Na 9aa10 crin..n CO REVISED IIM0 (PAGE 1 OF 1) COUNTER OFFER (CO PAGE 1 OF 1) Agent Pala anNor Short eaactnm Phone: (805) 879 -0788 Fax: 1805) 499 -2759 Prepared using zlpFoml® saftware Broker. Home Masters Realty Z37 Salida Del Sol Arroyo Grande, CA 93420 vYrA - - - - - —. 4-.(c ezc13. C�NFIY2 rgPrl7o, ('�6 J `t OR M ate& W LLB Q£ r w ;, !is 2 - l os Uo k .low I p :I ( I ❑I t,l u� �n dddddd fi 1 r, e C I r $ I pyyp, a� I. ul !� a fi 1 4P apt "4 O� v Egj6� 1 1� v l Ia plfE 6 I jai ��yy , {�,3: ^Id I I Y ❑f.'. ' `�; I� 3' Y E � ie5p� a '� I c l i a 5�i I i67r� q w e E I � I i ��Oy'• r y � u I 5❑ E i.L2 A� �' 6�e; ¢p ? �^(1r I•R lacy ��9 plit 1 PD I `d .nu hs 'Cl � a .il � � y 11� ae• nlf , ) 4y 5� Xs5dr�` lu6 u :i& E E i '$ ❑yya a I. � +E �_���`': `I a ..�: .. ��e s'yyppF n g o a IM it pis mc���3i znl��,a. -�I K'1, ze �•jtdd7¢�� 6� hk In l�e, - ij4li. � w �A 'IRn�6�SaE i! 11 '` 1 I_I of '•• al c rh P$ I $ it 1: ® v