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AGREEMENT FOR PURCHASE AND SALE <br />AND ESCROW INSTRUCTIONS <br />THIS AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS <br />("Agreement"), dated January 15, 2002 ("Effective Date"), is made and entered into by and between <br />Louis A. Curti and Amy M. Curti, husband and wife ("Buyer"), and the City of Redlands, a <br />municipal corporation ("Seller") (sometimes herein collectively referred to as the "Parties"). <br />A. Whereas, Seller owns certain real property located in the City of Redlands (the <br />"City"), California, which is designated as Assessor's Parcel Number 176-352-07 (the"Property") <br />and <br />B. Whereas, Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller the <br />Property, subject to the terms and conditions contained herein; <br />NOW THEREFORE, in consideration of the mutual promises contained herein, the Parties <br />agree as follows: <br />AGREEMENT <br />1. PURCHASE PRICE <br />The total price for the Property to be paid at Close of Escrow shall be Six Thousand Two <br />Hundred Twenty-six ($6,226.00) Dollars (the "Purchase Price"). <br />2. TITLE TO PROPERTY <br />Seller shall, at Close of Escrow, by grant deed convey to Buyer good and marketable fee title <br />to the Property as evidenced by a Standard form C.L.T.A. standard coverage policy of title insurance <br />in an amount equal to the Purchase Price of the Property issued by Commonwealth Title Company <br />(the "Title Company") showing title vested in Buyer, subject to the exceptions to title approved by <br />Buyer pursuant to Section 3.1 below, Buyer shall be responsible for the premium if Buyer chooses <br />an A.L.T.A. extended policy of title insurance, and for any additional endorsements or policy <br />Buyer. <br />Buy coverage requested by <br />Z_ I <br />3. CONDITIONS OF PURCHASE <br />Buyer's obligation to purchase the Property shall be subject to the satisfaction of the <br />following conditions, which are for Buyer's benefit only. In the event any of the following <br />contingencies are not satisfied within the specified time limits, Buyer may, at its sole option, either <br />djrrvagreements/5078 Curti <br />