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Ci ` of Stockton <br /> Buyer's address: <br /> Attention: City Manager <br /> 425 N. EI Dorado Street <br /> Stockton, CA 95202 <br /> Seller's address: Auto Investment Co., Associates . <br /> c/o Herbert H. Bowman, Receiver <br /> 2431 West March Lane <br /> Stockton, CA 95207 <br /> 23. Approval ofAgreezAcnt: This Agreement is subject to final approval of the City'Council <br /> of the City of Stockton. <br /> 24. Binding on Successflrs: This Agreement shall bind and inure to the benefit of the parties <br /> hereto and their respective successors, representatives, and assigns. <br /> 25. Intention: This Agreement shall constitute the',entire agreement between the parties <br /> with respect to the acquisition of the Property and supersede.all prior agreements and <br /> understandings, both oral and Written, between the parties relating to the acquisition of the <br /> Property. <br /> 16 <br /> 26. Time of.the Essence: Time is of the essence of this Agreement. <br /> 27. Amendment or iVlodif cation: This.Agreement may be modified or amended only by A <br /> written instrument executed bythe Buyer and Seller. <br /> 28. Severability: In the event.that one or more of the povisions of this Agreement shall be <br /> z held to bd illegal, invalid, or unenforceable, such provisions shall be-deemed severable and the <br /> remaining previsions shall continue in full force and effect. <br /> 29. Authority to Execute: The.undersigned represent and warrant they are duly authorized <br /> to execute this Agreement and to bind the parties. <br /> r <br /> i . <br /> ,r <br /> l <br /> k <br /> Page I I <br />