WORK PLANS - Laserfiche WebLink

Home Browse Search

D000Sign Envelope ID: 6C1FUBE-61844A9A 72-8213C0EC80567 PURCHASE AND SALE AGREEMENT 20th This Purchase and Sale Agreement (this "Agreement") is made this X� of May, 2021 (the "Effective Date"), by and between Komalpreet Atwal, an individual resident of the State of {California} ("Seller"), and SAFStor Real Estate Co, LLC, a Delaware limited liability company ("Purchaser") Recitals A. Seller is the owner of that certain unimproved parcel of real property consisting of approximately 4.05 acres, located at 3076 Turnpike Road, in Stockton, San Joaquin County, California (tax parcel ID's 165-280-53 and 165-280-54), which is more particularly depicted on Exhibit A attached hereto and made a part hereof (the "Property'). B. Purchaser desires to purchase the Property, and Seller desires to sell the Properly pursuant to the terms and conditions of this Agreement. Agreement NOW, THEREFORE, in consideration of the above Recitals and other good and valuable considemtion, including the mutual covenants and promises herein contained, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser hereby agree as follows: 1. PROPERTY. Seller agrees to sell and Purchaser agrees to buy the Property, together with all improvements, easements, licenses, privileges, appurtenances, water rights and other rights pertaining thereto, including without limitation all air or air space rights, all subsurface rights, all riparian rights, all title and interest of Seller in and to adjacent roads, rights of way, alleys, drainage facilities, utility facilities, impact fee credits, concurrency rights, development rights, sewer or water reservations or tap -in rights, and any and all similar development rights incident or related thereto. The final legal description for the Property shall be as set forth on the Survey (as defined in Section 5(a)). 2. PURCHASE PRICE. The purchase price for the Property shall be Redacted (the "Purchase Price"), to be paid as hereinafter provided. 3. EARNEST MONEY. a. Purchaser will deposit with Fust American Title Insurance Company or another title company acceptable to Purchaser (the "Title Company") within 5 business days after the Effective Date, wired funds in the amount of $10,000. The deposit and all additional deposits made pursuant to Section 4(c) shall be defined as the "Earnest Money." b. Upon collection of the fonds into the general escrow account of the Title Company, such funds are to be disbursed by the Tide Company (and, where applicable, Seller) in accordance with the terms of this Agreement. PSA (Stockton, CA) x.50-7309-8728 2 ( I