RES 82397 - Laserfiche WebLink

(B) Pay all escrows and recording fees incurred in this transaction and, if title insurance is desired by the City of Pleasanton the premium charged therefor. (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 delinquent or non- delinquent assessments 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 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} entitled thereunder; said mortgagee(s) or beneficiary(s} 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 grantor(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 compliance by the grantor(s) with the conditions of this contract. All rents collected by grantor(s} applicable to any period thereafter shall be paid to the City. Either party hereto collecting rents to which the other party is entitled shall forthwith pay such amount to the other as is necessary to comply with the provisions of this clause. 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, except those certain leases referred to in Clause 7 below. 6. The undersigned grantor(s) hereby agree(s) and consant(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. 7. 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: 8. This transaction will be handled through an escrow with Western Title Insurance Company, 125 12th Street, Oakl"~q~, California ~4607, Escrow No. 880701. 21oZlCorso½r~/vo~. ,/~/<~yy~'~rd ~J~4~