RES 87029 - Laserfiche WebLink

(C) Have the authority to deduct and pay from the amount shown in Clause 2(A)'above, any amount necessary to satisfy any delinquent taxes due in any fiscal year except the fiscal year in which this escrow closes, together with penalties and interest thereon, and/or deliquent or non-delinquent assessments or bonds except those which title is to be taken subject to in accordance with the terms of this contract. (D) Deliver to Michael John Bonasera and Diana L. Bonasera, his wife, Stephen J. Corto and Toni Patricta Corto, his wife, Thomas B. Bonasera and Donna Bonasera, his wife, M. T. Bonasera, a single man, and M. T. Bonasera, as Executor of the Estate of Marye G. Bonasera, on or before December 31, lg87, a good and sufficient Grant Deed to that certain City of Pleasanton excess property described in EXHIBIT "B", attached hereto, containing 1,012 square feet. (E) At no expense to the grantor at the time of the street construction, provide a paved and paint striped area with a 6" curb for a minimum of five (5) parking stalls within the 1,012 square foot area as described in EXHIBIT "B". It is understood and agreed that upon the completion of the above-mentioned work said paving and curb shall become the property of the grantor and will be the grantor's obligation thereafter to maintain and repair said paving and curb. 3. Any or all monies payable under this contract up to and including the total amount of unpaid principal and interest on note(s) secured by mortgage(s) or deed(s) of trust, if any, and all other amounts due and payable in accordance with the terms and conditions of said trust deed(s) or mortgage(s), shall upon demand(s) be made payable to the mortgagee(s) or beneficiary(ies) entitled thereunder; said mortgagee(s) or beneftciary(ies) to furnish grantor with good and sufficient receipt showing said monies credited against the indebtedness secured by said mortgage(s) or deed(s) of trust. 4. The flrantor(s) shall retain possession of the property conveyed up to and including the date of recording of the deed conveying title to the City of Pleasanton, upon co~p:liance by the grantor(s) with the conditions of this contract. 5. Grantor(s) warrant(s) that there are no oral or written leases on all or any portion of the property exceeding a period of one month, and the grantor(s) further agree(s) to hold the City of Pleasanton harmless and reimburse the City of Pleasanton for any and all of its losses and expenses occasioned by reason of any lease of said property held by any tenant of grantor(s) for a period exceeding one month, excepting that certain unrecorded lease referred to under the following Item 7. 6. The undersigned grantor(s) hereby agree(s) and consent(s) to the dismissal of any eminent domain action in the Superior Court wherein the herein described land is included and also waive(s) any and all claims to any money that may now be on deposit in said action. -2-