Purchase And Sale Agreement Form Page 2
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231.
PURCHASE AND SALE.
1.1
Conveyance of Property. The Seller agrees to sell and convey to
Purchaser, and Purchaser agrees to purchase from the Seller, subject to the terms,
covenants and conditions set forth herein, the certain 3,049 square foot parcel of land
(the "Property") located at the terminus of Pallini Lane in an unincorporated area of
Mendocino County in the vicinity of Ukiah, as more particularly described in Exhibit A
attached hereto (the "Property").
1.2
Purchase Price for the Property.
The total purchase price (the
"Purchase Price") to be paid by Purchaser to the Seller for the Property is Four
Thousand Dollars ($4,000). The Purchaser shall deposit the Purchase Price and other
sums required hereunder to the Title Company (as defined in Section 2.1).
The
Purchase Price shall be in the form of a certified or cashier's check, electronic transfer
of funds, or other immediately available funds, on or before the Closing Date (as defined
in Section 3.3).
1.3
"As-Is" Conveyance.
(a)
THE PURCHASER SPECIFICALLY ACKNOWLEDGES AND
AGREES THAT THE SELLER IS CONVEYING AND THE PURCHASER IS
OBTAINING THE FEE INTEREST IN THE PROPERTY ON AN "AS IS WITH ALL
FAULTS" BASIS AND THAT THE PURCHASER IS NOT RELYING ON ANY
REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS
OR IMPLIED, FROM THE SELLER AS TO ANY MATTERS CONCERNING THE
PROPERTY, INCLUDING WITHOUT LIMITATION:
(1) THE QUALITY, NATURE,
ADEQUACY AND PHYSICAL CONDITION OF THE PROPERTY (INCLUDING,
WITHOUT LIMITATION, TOPOGRAPHY, CLIMATE, AIR, WATER RIGHTS, WATER,
GAS, ELECTRICITY, UTILITY SERVICES, GRADING, DRAINAGE, SEWERS,
ACCESS TO PUBLIC ROADS AND RELATED CONDITIONS); (2) THE QUALITY,
NATURE, ADEQUACY, AND PHYSICAL CONDITION OF SOILS, GEOLOGY AND
GROUNDWATER; (3) THE EXISTENCE, QUALITY, NATURE, ADEQUACY AND
PHYSICAL CONDITION OF UTILITIES SERVING THE PROPERTY; (4) THE
DEVELOPMENT POTENTIAL OF THE PROPERTY, AND THE PROPERTY'S USE,
HABITABILITY, MERCHANTABILITY, OR FITNESS, SUITABILITY, VALUE OR
ADEQUACY OF THE PROPERTY FOR ANY PARTICULAR PURPOSE; (5) THE
ZONING OR OTHER LEGAL STATUS OF THE PROPERTY OR ANY OTHER
PUBLIC OR PRIVATE RESTRICTIONS ON THE USE OF THE PROPERTY; (6) THE
COMPLIANCE OF THE PROPERTY OR ITS OPERATION WITH ANY APPLICABLE
CODES,
LAWS,
REGULATIONS,
STATUTES,
ORDINANCES,
COVENANTS,
CONDITIONS AND RESTRICTIONS OF ANY GOVERNMENTAL OR QUASI-
GOVERNMENTAL ENTITY OR OF ANY OTHER PERSON OR ENTITY; (7) THE
PRESENCE OR ABSENCE OF HAZARDOUS MATERIALS ON, UNDER OR ABOUT
THE PROPERTY OR THE ADJOINING OR NEIGHBORING PROPERTY; AND (8)
THE CONDITION OF TITLE TO THE PROPERTY.
THE PURCHASER AFFIRMS
THAT THE PURCHASER HAS NOT RELIED ON THE SKILL OR JUDGMENT OF
THE SELLER OR ANY OF ITS RESPECTIVE AGENTS, EMPLOYEES OR
2
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