RES 87039 - Laserfiche WebLink

(C) Have the authority to deduct and pay fran the ~nount shown in CEause 2(A) above, any amount necessary to satisfy any delinquent taxes due in any fiscal year except the fiscal year in which this escrc~ closes, together with penalties and interest thereon, and/or delirr/tmnt or ncm-del~nt asses~uents or bonds except those which title is to be taken subject to in accordance with the terms of this contract. 3. Any or all monies payable under this contract, up to and including the total amount of unpaid principal and interest a~ note(s) secured ~f mortgage(s) or deed(s) of trust, if any, and all other amounts due an 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(s) entitled thereunder; said mortgagee(s) or beneficiary(s) to furnish grantor with good and sufficient receipt showing said monies credited against the indebtec~ess secured by said mortgage(s) or deed(s) of trust. 4. The grantor (s) shall retain possessio8 of the property conveyed up to and including the date of recording of the deed conveying title to the City of Pleasanton upon compliance by the grantor(s) with the con- ditions of this contract. It is agr~d that the grantor(s) shall have a fifteen (15) day grace perio/xng t~i. cing on the ~ofollowing the date of recordation of the deed convey e to the City ' Pleasanton. It is agreed that commencing on the day following the expiration of the grace period and thereafter, the City will rent the property to the grantor(s) using the City' s standard form of Rental Agreement. 5. The amount shown in Clause 2(A) above, includes any and all monies for the below signed Grantors entitlement for purchase differential relocation benefits and the undersigned grantor(s) hereby waive their claim for any purchase differential payment under relocation benefits for this City of Pleasanton acquisition. 6. 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. 7. 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. 8. It is understood and agreed that the grantor(s) shall eliminate to the satisfaction of the below-named title company the effect of the following: 9. This transaction will be handled through an escrow with Northwestern Title Company, 275 Rose Street, Pleasanton, California 94566, Escrow No. 800200. -2-