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Page 3 of 5 <br /> <br />(ii) a duly executed Certificate of Acceptance, as required by California <br />Government Code §27281; <br /> <br />(iii) such additional duly executed instruments and documents as the Escrow <br />Agent may reasonably require to complete the transaction contemplated <br />by this Agreement; and <br /> <br />(iv) prior to the closing date, deposit by wire transfer all sums payable by <br />City pursuant to Section 2, plus Title Policy premium, and estimated <br />closing costs. <br /> <br />D. The Escrow Agent shall close escrow by: <br /> <br />(i) causing the Grant Deed for the Property to be recorded in the official <br />records of Alameda County, California; <br />(ii) issuing the Title Policy and delivering the same to the City; <br /> <br />(iii) distributing the monies to lenders to obtain related reconveyances <br />associated with any outstanding deeds of trust; <br /> <br />(iv) distributing the monies constituting the purchase price less obligations to <br />Owner; and <br /> <br />(v) delivering to the City the original Grant Deed, together with a <br />conformed copy thereof indicating recording information thereon. <br /> <br />5. Closing Costs. The Owner shall pay all title insurance and title report costs, <br />escrow fees (including costs of preparing documents and instruments), and recording fees. <br />City shall pay its own attorneys’ fees in connection with the preparation of the sales <br />documents. The transfers contemplated by this Agreement are made to a municipal <br />corporation, and are exempt from County Transfer Tax and recording fees. <br /> <br />6. Sale of Property in As-Is Condition with Informational Inspection. The Parties <br />agree that the sale of the Property shall be in an as-is condition. Owner agrees that she will <br />not remove any fixtures attached to the Property and the Property will be clear of debris in <br />broom-clean condition. City waives all disclosures that it can under California law. <br /> <br />7. Covenants. Owner covenants that she shall not permit any new liens, <br />encumbrances or easements to be placed on the Property; nor shall Owner enter into any <br />agreement regarding the sale, rental, management, repair, improvement, or any other matter <br />affecting the Property that would be binding on the City or the Property after the Close of <br />Escrow; nor shall Owner take any action to cause waste to the Property or otherwise <br />diminish its value. <br /> <br />Docusign Envelope ID: 6B6D6B3A-438E-86C4-83C4-7090C1033FD1Docusign Envelope ID: DFF5E082-CF6D-889F-831E-04E7680AF646