The URL can be used to link to this page

Home My WebLink About07-01-20 Agenda Item 7a Supplemental Document for Buena Vista Land Sale Supplemental Document for ITEM 7a Second Offer for Buena Vista Avenue Property 4 «*California DISCLOSURE REGARDING^^association REAL ESTATE AGENCY RELATIONSHIP ^*OF REALTORS®(Buyer's Brokerage Firm to Buyer) •(As required by the Civil Code) (C.A.R.Form AD,Revised 12/18) [](If checked)This form is being provided in connection with a transaction for a leasehold interest exceeding one yearas per Civil Code section 2079.13(j),(k)and (I). When you enter into a discussion with a real estate agent regarding a real estate transaction,you should from the outset understand what type of agency relationship or representation you wish to have with the agent inthe transaction. SELLER'S AGENT ASeller's agent under a listing agreement with the Seller acts as the agent forthe Seller only.ASeller's agent or a subagent ofthat agent has the following affirmative obligations: To the Seller: A Fiduciaryduty of utmost care, integrity, honesty and loyaltyin dealings withthe Seller. To the Buyer and the Seller: (a) Diligent exercise of reasonable skilland care in performance of the agent's duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above. BUYER'S AGENT A Buyer's agent can, with a Buyer's consent,agree to act as agent for the Buyer only. In these situations, the agent is not the Seller's agent, even ifby agreement the agent may receive compensation for services rendered, either infull or in part from the Seller. An agent acting onlyfor a Buyer has the following affirmative obligations: To the Buyer: A fiduciary duty of utmost care,integrity,honesty and loyalty in dealings with the Buyer. To the Buyer and the Seller: (a) Diligent exercise of reasonable skill and care in performance of the agent's duties. (b) A duty of honest and fair dealing and good faith. (c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the parties.An agent is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties setforth above. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent,either acting directly or through one or more salespersons and broker associates,can legally be the agent of both the Seller and the Buyer in a transaction,but only with the knowledge and consent of both the Seller and the Buyer. In a dual agency situation,the agent has the following affirmative obligations to both the Sellerand the Buyer: (a) A fiduciary duty of utmost care,integrity,honesty and loyalty in the dealings with either the Seller or the Buyer. (b)Other duties to the Seller and the Buyer as stated above in their respective sections. In representing both Seller and Buyer, a dual agent may not, without the express permission of the respective party,disclose to the other party confidential information, including, but not limited to, facts relating to either the Buyer's or Seller's financial position, motivations, bargaining position, or other personal information that may impact price, including the Seller's willingness to accept a price less than the listing price or the Buyer's willingness to pay a price greater than the price offered. SELLER AND BUYER RESPONSIBILITIES Either the purchase agreement or a separate document willcontain a confirmation of which agent is representing you and whether that agent is representing you exclusively in the transaction or acting as dual agent.Please pay attention to that confirmation to make sure it accurately reflects your understanding of your agent's role. The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility to protect his or her own interests.You should carefully read all agreements to assure that they adequately express your understanding of the transaction.A real estate agent is a person qualified to advise about real estate.If legal or tax advice is desired,consult a competent professional. Ifyou are a Buyer, you have the duty to exercise reasonable care to protect yourself,including as to those facts about the property which are known to you or within your diligent attention and observation. Both Sellers and Buyers should strongly consider obtaining tax advice from a competent professional because the federal and state tax consequences of a transaction can be complex and subjectto change. Throughout your real property transaction you may receive more than one disclosure form,depending upon the number of agents assisting in the transaction.The law requires each agent with whom you have more than a casual relationship to present you with this disclosure form. You should read its contents each time it is presented to you,considering the relationship between you and the real estate agent in your specific transaction.This disclosure form includes the provisions of Sections 2079.13 to 2079.24,inclusive,of the Civil Code set forth on page 2.Read it carefully.I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODEPRINTEDONTHEBACK,OR ASEPA^C^G^^^^„J^^ I Buyer •Seller •Landlord •Tenant J ^'<Date 06/2572020 10:21 AM PPT Erika Rodriguez,or Assignee •Buyer []Seller •Landlord •Tenant Date Buyerwill form LLC priorto COE Agent Axia Real Estate Group,Inc.DRE Lie.#01811584 S»f //•/Real Estate Bro'rijfi (Firm) By [^CLTi[TZ>JlCIMLL6if ^DRE Lie.#00577789 Date 06/25/2020 11:24 AM PPT (Salesperson or Broker-Associate,if any)Carlos Aguilar ©1991-2018,California Association of REALTORS®,Inc. AD REVISED 12/18 (PAGE 1 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP (AD PAGE 1 OF 2) Axia Real EstateGroup,Inc., 1450 Frazee Rd. Suite 303 San Diego CA 92108 Phone 6197434118 Fax: 8883171496 Carlos Aguilar Produced with zipForm®by zipLogix 18070 Fifteen MileRoad,Fraser,Michigan 48026 www.zipLoaix.com £> CIVIL CODE SECTIONS 2079.13 -2079.24 (2079.16 APPEARS ON THE FRONT)2079.13.As used in Sections 2079.7 and 2079.14 to 2079.24,inclusive,the following terms have the following meanings-(a)"Agent"means a person acting under provisions of Title 9(commencing with Section 2295)in a real property transaction,and includes a person who is licensedasarealestatebrokerunderChapter3(commencing with Section 10130)of Part 1of Division 4of the Business and Professions Code and under whose license JJSTLLSES °r T t0 PtUrCt]af 'S °btained-The a9ent in the real property transaction bears responsibility for that agents salespersons orbrokerassociateswhoperformasagentsoftheagent.When asalesperson or broker associate owes a duty to any principal,or to any buyer or seller who is not fhFSzS SLUriCES transacti0'?'that ***is equivalent to the duty owed to that party by the broker for whom the salesperson or broker associate functions(b)Buye^means atransferee in areal property transaction,and includes aperson who executes an offer to purchase real property from aseller through an agent' frl^H0 seek^the se,rvices of an a9ent ^more than acasual,transitory,or preliminary manner,with the object of entering into a real property transaction "Buyer"''ncludes vendee or lessee of real property,(c)"Commercial real property"means all real property in the state,except (1)single-family reSential SaTproperty2dwellingunitsmadesubjecttoChapter2(commencing with Section 1940)of Title 5,(3)a mobilehome,as defined in Section 798.3,(4)vacant land ornLfhhnveh'clehas defined ,n Section 799.29.(d)"Dual agent"means an agent acting,either directly or through asalesperson or broker assocSe as agenforboththesellerandthebuyerinarealpropertytransaction,(e)"Listing agreement"means awritten contract between a seller of real property and an agent by which the agent has been authorized to sell the real property or to find or obtain a buyer,including rendering other services for which a real estate licenseisrequiredtothesellerpursuanttothetermsoftheagreement,(f)"Seller's agent"means a person who has obtained a listing of real property to act as an agent for compensation^)Listing pnce is the amount expressed in dollars specified in the listing for which the seller is willing to sell the real property through the seller'sagent,(n)Offenng price is the amount expressed in dollars specified in an offer to purchase for which the buyer is willing to buy the real property (i)"Offer topurchasemeansawrittencontractexecutedbyabuyeractingthroughabuyer's agent that becomes the contract for the sale of the real property upon acceptance bvtheseller,Q)Rea property means any estate specified by subdivision (1)or (2)of Section 761 in property,and includes (1)single-family residential property (2)multiunit residential property with more than four dwelling units,(3)commercial real property,(4)vacant land,(5)a ground lease coupled with improvements or (6 amanufacturedhomeasdefinedinSection18007oftheHealthandSafetyCode,or amobilehome as defined in Section 18008 of the Health and Safety Code whenofferedforsaleorsoldthroughanagentpursuanttotheauthoritycontainedinSection10131.6 of the Business and Professions Code (k)"Real property transaction s'3In 1ffCtrfor ?e ^mS'S?T°Pe^VwhlCh an agent is retained by a buyer'se,ler-or botn abuver ™*seller to act in that transaction,and includes alistingoranoffertopurchase.(I)Sell,sale,or sold refers to a transaction for the transfer of real property from the seller to the buyer and includes exchanges of real property between the seller and buyer,transactions for the creation of a real property sales contract within the meaning of Section 2985,and transactions for thecreationofaleaseholdexceedingoneyear's duration,(m)"Seller"means the transferor in a real property transaction and includes an owner who lists real property 21"!agfn|wJetber or n°{atransfer results,or who receives an offer to purchase real property of which he or she is the owner from an agent on behalf of another on™*,a a °fand a leSSOr 0f real Dr°Perty (n)"Buyer's agent"means an agent who represents a buyer in a real property transaction or\ll]l fun a£ent and buy-,er'S agent Sha"provide the seller and buyer in a real ProPerty transaction with a copy of the disclosure form specified in Section2079.16,and shall obtain a signed acknowledgment of receipt from that seller and buyer,except asprovided in Section 2079.15,asfollows-(a)The seller's agent ifany,shall provide the disclosure form to the seller prior to entering into the listing agreement,(b)The buyer's agent shall provide the disclosure form to the buyer assoonaspracticablepriortoexecutionofthebuyer's offer to purchase.If the offer to purchase is not prepared by the buyer's agent,the buyer's agent shall present thedisclosureformtothebuyernotlaterthanthenextbusinessdayafterreceivingtheoffertopurchasefromthebuyer 2079.15.In any circumstance in which the seller or buyer refuses to sign an acknowledgment of receipt pursuant to Section 2079.14,the agent shall set forth siqn and date a written declaration of the facts of the refusal. 2079.16 Reproduced on Page 1 ofthis ADform. 2079.17(a)As soon as practicable,the buyer's agent shall disclose to the buyer and seller whether the agent is acting in the real property transaction as the buyer's agent,or asa dual agent representing both the buyer and the seller.This relationship shall be confirmed in the contract to purchase and sell real property or in aseparatewritingexecutedoracknowledgedbytheseller,the buyer,and the buyer's agent prior to or coincident with execution of that contract by the buyer and theseer,respectively,(b)As soon as practicable,the seller's agent shall disclose to the seller whether the seller's agent is acting in the real property transaction astheseller's agent,or asa dual agent representing both the buyer and seller.This relationship shall be confirmed in the contract to purchase and sell real property or in aseparatewritingexecutedoracknowledgedbythesellerandtheseller's agent prior to or coincident with the execution ofthat contract by the seller CONFIRMATION:Thefollowing agency relationships are confirmed forthis transaction: Seller's Brokerage Firm DO NOT COMPLETE.SAMPLE ONLY License Number Is the broker of(check one):[]the seller;or[]both the buyer and seller,(dual agent) Seller's Agent DO NOT COMPLETE.SAMPLE ONLY License Number Is (check one):[]the Seller's Agent,(salesperson or broker associate)[]both the Buyer's and Seller's Agent,(dual agent)Buyer's Brokerage Firm DO NOT COMPLETE.SAMPLE ONLY License Number Is the broker of(check one):•the buyer;or[J both thebuyer and seller,(dual agent) Buyer's Agent DO NOT COMPLETE.SAMPLE ONLY License Number Is (check one):[J the Buyer's Agent,(salesperson or broker associate)[]both the Buyer's and Seller's Agent,(dual agent) (d)The disclosures and confirmation required by this section shall be in addition to the disclosure required by Section 2079 14 An agent's duty to provide ,«£°.s«u^and confirmation ofrepresentation in this section may be performed by a real estate salesperson orbroker associate affiliated with that broker2079.18 (Repealed pursuant to AB-1289) 2079.19 The payment of compensation or the obligation to pay compensation to an agent by the seller or buyer is not necessarily determinative of a particularagencyrelationshipbetweenanagentandthesellerorbuyer.Alisting agent and aselling agent may agree to share any compensation or commission paid or any right to any compensation orcommission for which anobligation arises as the result ofa real estate transaction,and the terms ofany such agreement shall notnecessarily be determinativeofa particularrelationship. 2079.20 Nothing in this article prevents an agent from selecting,asa condition of the agent's employment,a specific form of agency relationship not specifically prohibited by this article iftherequirements ofSection 2079.14 andSection 2079.17 arecomplied with.2079.21 (a)Adual agent may not,without the express permission of the seller,disclose to the buyer any confidential information obtained from the seller (b)Adual agent may not,without the express permission ofthe buyer,disclose to the seller any confidential information obtained from the buyer,(c)"Confidential information-means facts relating to the client's financial position,motivations,bargaining position,or other personal information that may impact price,such asthe seller is willing toacceptapricelessthanthelistingpnceorthebuyeriswillingtopayapricegreaterthanthepriceoffered,(d)This section does not alter in any way the duty orresponsibilityofadualagenttoanyprincipalwithrespecttoconfidentialinformationotherthanprice. 2079.22 Nothing in this article precludes a seller's agent from also being a buyer's agent.If a seller orbuyer in a transaction chooses to not berepresented bv anagent, that does not, of itself,make that agent a dual agent.2079.23 Acontract between the principal and agent may be modified oraltered to change the agency relationship atany time before the performance of the actwhichistheobjectoftheagencywiththewrittenconsentofthepartiestotheagencyrelationship.2079.24 Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers and sellers by agents and their associate licensees subagents and employees orto relieve agents and their associate licensees,subagents,and employees from liability for their conduct in connection with actsgoverned by thisarticleorforany breach ofa fiduciary dutyor a dutyofdisclosure. ©1991-2018,California Association of REALTORS®, Inc. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OFREALTORS®.NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION.AREAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS.IFYOU DESIRE LEGAL ORTAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL. Published and Distributed by: REALESTATE BUSINESS SERVICES.LLC. a subsidiary of the California AssociationofREALTORS® 525 South Virgil Avenue, Los Angeles, California 90020 AD REVISED 12/18 (PAGE 2 OF 2) DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP (AD PAGE 2 OF 2) Produced with zipForm®byzipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, & A C ALI FORNI A assoc i at ion POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER ^rr of realtors®OR SELLER -DISCLOSURE AND CONSENT (C.A.R. Form PRBS,Revised 12/18) Areal estate broker (Broker),whether a corporation,partnership or sole proprietorship,may represent more than one buyerorseller.This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker's or salespersons (associate licensees)acting under the Broker's license.The associate licensees may be working out of the same or different office locations. Multiple Buyers:Broker (individually or through its associate licensees)may be working with many prospective buyers at the same time.These prospective buyers may have an interest in,and make offers on,the same properties Some of these properties may be listed with Broker and some may not.Broker will not limit or restrict any particular buyer from making anofferonanyparticularpropertywhetherornotBrokerrepresentsotherbuyersinterestedinthesameproperty. Multiple Sellers:Broker (individually or through its associate licensees)may have listings on many properties at the same time.As a result,Broker will attempt to find buyers for each of those listed properties.Some listed properties may appeal to the same prospective buyers.Some properties may attract more prospective buyers than others.Some of these prospectivebuyersmayberepresentedbyBrokerandsomemaynot.Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Dual Agency:If Seller is represented by Broker,Seller acknowledges that broker may represent prospective buyersofSeller's property and consents to Broker acting as a dual agent for both seller and buyer in that transaction If Buyer is represented by Broker,buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting asa dual agent for both buyer and seller with regard to that property. In the event of dual agency,seller and buyer agree that:a dual agent may not,without the express permission of the respective party,disclose to the other party confidential information,including,but not limited to,facts relating to either the buyer's or seller's financial position,motivations,bargaining position,or other personal information that may impact priceincludingtheseller's willingness to accept a price less than the listing price or the buyer's willingness to pay a price greater than the price offered;and except as set forth above,a dual agent is obligated to disclose known facts materially affecting the value or desirability ofthe Property to both parties. Offers not necessarily confidential:Buyer is advised that seller or listing agent may disclose the existence,terms,or conditions of buyer's offer unless all parties and their agent have signed a written confidentiality agreement.Whether any such information is actually disclosed depends on many factors,such ascurrent market conditions,the prevailing practice in the real estate community,the listing agent's marketing strategy and the instructions ofthe seller. Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller onthesame transaction and consentstosuch relationships. Seller and/or Buyer acknowledges reading and understanding this Possible Representation of More Than One Buyer or Seller -Disclosure andConsentandagreesto the agency possibilities disclosed. Seller .Otay Water District DateSellerBuyer^rm fcpurLtjuefr ITT ^^UjneeSeller Date SIGNED Erika Rodriguez,orAssignee Date Buver Buyer will form LLC prior to COE Date BuyertB Brokerage Firm Aficia Real Estate Group,Inc.DRE Lie #01811584 Date 06/25/202010:21 AM PDT Buyer*Brokerage Firm Ajxia Real Est Carlos Aguilar DRE Lic #00577789 Date oeas^o n<»am pdt Seller's Brokerage Firm Pacific Coast Commercial DRE Lie #01209930 Date By ^^ZZZZZIZZZZZZZ^^^ZZZZI dreuc#DateVincentProvenzano ©2018,California Association of REALTORS®,Inc.United States copyright law (Title 17 U.S.Code)forbids the unauthorized distribution,display and reproduction of this formoranyportionthereof,byphotocopy machine oranyothermeans,including facsimile orcomputerized formats THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®(C.A.R).NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITYORACCURACYOFANYPROVISIONINANYSPECIFICTRANSACTION.A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS.IFYOU DESIRE LEGAL ORTAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL.Thw form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.It is not intended to identifytheuserasaREALTOR®.REALTOR®isa registered collective membership mark which may beused only by members ofthe NATIONAL ASSOCIATION OF REALTORS® who suhsrxihptn it5 P.nrlp nf Fthirc Published and Distributed by: REAL ESTATE BUSINESS SERVICES,LLC. a subsidiary ofthe California Association of REALTORS® 525 South Virgil Avenue, LosAngeles, California 90020 PRBS REVISED 12/18 (PAGE 1 OF 1) POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER (PRBS PAGE 1 OF 1) Axia Real Estate Group,Inc.,1450 Frazee Rd.Suite 303 San Diego CA 92108 Phone 6197434118 Fax 8883171496CarlosAguilarProducedwithzipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, A Property Address:Lots 18&19,frontage on Buena Vista Ave,Spring Valley,CA 91977 ("Property"). WIRE FRAUD AND ELECTRONIC FUNDS TRANSFERS ADVISORY: The ability to communicate and conduct business electronically is a convenience and reality in nearly all parts of our lives. At the same time,it has provided hackers and scammers new opportunities for their criminal activity.Many businesses have been victimized and the real estate business is no exception. While wiring or electronically transferring funds is a welcome convenience,we all need to exercise extreme caution. Emails attempting to induce fraudulent wire transfers have been received and have appeared to be legitimate.Reports indicate that some hackers have been able to intercept emailed transfer instructions,obtain account information and,by altering some of the data,redirect the funds to a different account.It also appears that some hackers were able to provide false phone numbers for verifying the wiring or funds transfer instructions.In those cases,the victim called the number provided to confirm the instructions,and then unwittingly authorized a transfer to somewhere or someone other than the intended recipient. ACCORDINGLY,YOU ARE ADVISED: 1.Obtain phone numbers and account numbers only from Escrow Officers,Property Managers,or Landlords at the beginning ofthe transaction. 2.DO NOT EVER WIRE OR ELECTRONICALLY TRANSFER FUNDS PRIOR TO CALLING TO CONFIRM THE TRANSFER INSTRUCTIONS.ONLY USE A PHONE NUMBER YOU WERE PROVIDED PREVIOUSLY.Do not use any different phone number or account number included in any emailed transfer instructions. 3.Orally confirm the transfer instruction is legitimate and confirm the bank routing number, account numbers and other codes before taking steps to transfer the funds. 4.Avoid sending personal information in emails or texts.Provide such information in person or over the telephone directly to the Escrow Officer,Property Manager,or Landlord. 5.Take steps to secure the system you are using with your email account.These steps include creating strong passwords,using secure WiFi,and not using free services. Ifyou believe you have received questionable or suspicious wire or funds transfer instructions,immediately notify your bank,and the other party,and the Escrow Office, Landlord, or Property Manager.The sources below,as well as others, can also provide information: Federal Bureau of Investigation:https://www.fbi.gov/; the FBI's IC3 atwww.ic3.gov;or 310-477-6565 National White Collar Crime Center:http://www.nw3c.org/ On Guard Online:https://www.onguardonline.gov/ NOTE:There are existing alternatives to electronic and wired fund transfers such as cashier's checks. By signing below,the undersigned acknowledge that each has read,understands and has received a copy of this Wire.Fraud,and Electronic Funds Transfer Advisory.trim rZmrtqif&k trr .« Buyer/TenantJf^/jj/^n NX Erika Rodriguez,orAssignee Date 06/25/202010:21 AM PDT Buyer/Tenant Buyer will form LLCprior to COE Date Seller/LandlordX Otay Water District Date Seller/Landlord Date ©2016-2017,California Association of REALTORS®, Inc. United States copyright law (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portionthereof, by photocopy machine or any other means,includingfacsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®.NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION.A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS.IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL. Thisformis made available to real estate professionals through an agreement withor purchase fromthe California Association ofREALTORS®.Itis not intended to identify the user as a REALTOR®.REALTOR®isa registered collective membership markwhichmay be used onlyby members ofthe NATIONAL ASSOCIATION OFREALTORS® who subscribeto its Code of Ethics. Published and Distributed by: REAL ESTATE BUSINESS SERVICES,LLC. a subsidiary of the CaliforniaAssociation of REALTORS® 525 South VirgilAvenue,Los Angeles,California 90020 WFA REVISED 12/17 (PAGE 1 OF 1) WIRE FRAUD AND ELECTRONIC FUNDS TRANSFER ADVISORY (WFA PAGE 1 OF 1) AxiaRealEstateGroup,Inc.,1450FrazeeRd.Suite303SanDiego CA92108 Phone 6197434118 Fax:8883171496 CarlosAguilar ProducedwithzipForm®byzipLogix 18070FifteenMile Road, Fraser,Michigan 48026 www.zipLoaix.com California WIRE FRAUD AND ELECTRONIC FUNDS ASSOCIATION TRANSFER ADVISORY OF REALTORS®(C.A.R.Form WFA, Revised 12/17) £r CALI FORNIA ASSOCIATION OF RE ALTORS VACANT LAND PURCHASE AGREEMENT N,AND JOINT ESCROW INSTRUCTIONS (C.A.R.Form VLPA,Revised 12/18) Date Prepared:June 24, 2020 1.OFFER: A.THIS ISAN OFFER FROM Erika Rodriguez,orAssignee, Buyerwillform LLC priorto COE ("Buyer"), B.THE REAL PROPERTY tobe acquired is Lots 18&19,frontage on Buena Vista Ave ,situated in Spring Valley (City),San Diego (County),California,91977 (Zip Code),Assessor'sParcel No.("Property"). Further DescribedAs Lots 18-19,Blk23of EastSanDiego Villa Heights,tract#1317BLK 23,. C.THE PURCHASE PRICE offered is Two Hundred Twenty-Two Thousand,Five Hundred Dollars $222,500.00 . D.CLOSE OF ESCROW shall occur on (date) (or|x!60 Days AfterAcceptance). E. Buyerand Seller are referred to herein as the "Parties." Brokers are not Parties to this Agreement. 2.AGENCY: A.DISCLOSURE:The Partieseach acknowledge receipt of a |x|"Disclosure Regarding Real Estate Agency Relationships" (C.A.R.Form AD). B. CONFIRMATION:The following agency relationships are confirmed for this transaction: Seller's Brokerage Firm __^Pacific Coast Commercial License Number 01209930 Isthe brokerof(checkone):\x\the seller;or [J boththe buyerand seller,(dualagent) Seller's Agent _^_^Vincent Provenzano License Number Is (check one):|XJ the Seller's Agent,(salesperson or broker associate)LJ both the Buyer's and Seller's Agent,(dual agent) Buyer's Brokerage Firm __^Axia Real Estate Group,Inc.License Number 01811584 Isthe brokerof(checkone):|xj the buyer;or [J boththe buyerand seller,(dualagent) Buyer's Agent Carlos Aguilar License Number 00577789 Is(checkone):[Xj the Buyer'sAgent,(salesperson or brokerassociate)LJ boththe Buyer'sand Seller's Agent,(dualagent) C.POTENTIALLY COMPETING BUYERS AND SELLERS:The Parties eachacknowledge receipt ofa g "Possible Representation of More than One Buyer or Seller -Disclosure and Consent"(C.A.R. Form PRBS). 3. FINANCE TERMS:Buyer represents that funds willbe good when deposited with Escrow Holder. A.INITIAL DEPOSIT:Depositshall be inthe amount of $20,000.00 (1)Buyer Direct Deposit: Buyer shall deliver deposit directly to Escrow Holder by electronic funds transfer,[]cashier's check,\_\personal check,Q other within 3 business days after Acceptance (or ); OR (2)[j Buyer Deposit with Agent:Buyer has given the deposit by personal check (or ) to the agent submitting the offer (or to ),made payable to .The deposit shall be held uncashed until Acceptance and then deposited with Escrow Holder within 3 business days after Acceptance (or ). Deposit checks given to agent shall be an original signed check and not a copy. (Note:Initial and increased deposits checks received by agent shall be recorded in Broker's trust fund log.) B. INCREASED DEPOSIT:Buyershalldeposit with Escrow Holderan increased deposit inthe amount of...$ within Days After Acceptance (or ). Ifthe Parties agree to liquidated damages in this Agreement,they also agree to incorporate the increased deposit into the liquidated damages amount in a separate liquidated damages clause (C.A.R. Form RID) at the time the increased deposit is delivered to Escrow Holder. C.[3^ALL CASH OFFER:No loan is needed to purchase the Property.This offer is NOT contingent on Buyer obtaining a loan.Written verification of sufficient funds to close this transaction IS ATTACHED to this offer or[]Buyer shall,within 3 (or )Days After Acceptance,Deliver to Seller suchverification. D.LOAN(S): (1) FIRST LOAN:inthe amount of $ Thisloan will be conventional financing OR 0FHA.DVA.D Seller financing (C.A.R.Form SFA), []assumed financing (C.A.R.Form AFA),[]subject tofinancing,Q Other .This loan shall beat a fixed ratenottoexceed %or,[]an adjustable rate loan with initial ratenot to exceed %.Regardless of the type of loan,Buyer shall pay points not to exceed % of the loan amount. (2)•SECOND LOAN in theamountof $ This loan will be conventional financing OR []Seller financing (C.A.R.Form SFA),[]assumed financing (C.A.R.Form AFA),[j subjecttofinancing [jOther .This loan shall be at a fixed ratenottoexceed %or,[J]an adjustable rateloan with initial ratenottoexceed %. Regardless of the type of loan,Buyer shall pay points not to exceed % of the loan amount. (3) FHAA/A:For any FHA or VA loan specified in 3D(1), Buyer has 17 (or )Days After Acceptance to Deliver to Seller written notice (C.A.R. Form FVA)of any lender-required repairs or costs that Buyer requests Seller to pay for or otherwise correct.Seller has no obligation to pay or satisfy lender requirements unless agreed pwijing.A FHAA/A amendatory clause (C.A.R. Form FVAC)shall be a part ofthis transaction. Buyer's Initials (X &KstT )( )Seller's Initials (X )( ) ©2018,California Association of REALTORS®,Inc . VLPA REVISED 12/18 (PAGE 1 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 1 OF 11) Axia Real EstateGroup,Inc.,1450 Frazee Rd.Suite 303 San Diego CA 92108 Phone 6197434118 Fax:8883171496 ' CarlosAguilar Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLogix.com Property Address:Lots 18&19 ,frontage on Buena Vista Ave ,Spring Valley,CA 91977 Date:June 24,2020 E.ADDITIONAL FINANCING TERMS: F.BALANCE OF DOWN PAYMENT OR PURCHASE PRICE in the amount of $202,500.00 to be deposited with Escrow Holder pursuant to Escrow Holder instructions. G.PURCHASE PRICE (TOTAL):$222,500.00 H.VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS:Buyer (or Buyer's lenderor loan broker pursuant to paragraph 3J(1))shall,within 3(or )Days After Acceptance,Deliver to Sellerwritten verification of Buyer's down payment and closing costs.([j Verification attached.) I.APPRAISAL CONTINGENCY AND REMOVAL:This Agreement is (or g is NOT)contingent upon a written appraisal ofthe Property bya licensed or certified appraiser at no less than the purchase price.Buyershall, as specified in paragraph 19B(3), in writing,remove the appraisal contingency orcancelthisAgreement within 17(or )Days After Acceptance. J.LOAN TERMS: (1) LOANAPPLICATIONS:Within 3 (or )Days After Acceptance, Buyershall Deliver to Seller a letter from Buyer'slender or loan broker stating that, based on a review of Buyer's written application and credit report, Buyer is prequalified or preapproved for any NEW loan specified in paragraph 3D. Ifany loan specified in paragraph 3D is an adjustable rate loan, the prequalification or preapproval lettershallbe based onthe qualifying rate, notthe initial loanrate. ([]Letter attached.) (2) LOAN CONTINGENCY:Buyershall act diligently and in good faith to obtain the designated loan(s).Buyer's qualification forthe loan(s)specified above is a contingency ofthis Agreement unless otherwise agreed inwriting.If there is no appraisal contingency or the appraisal contingencyhas been waivedor removed,then failure ofthe Propertyto appraise at the purchase pricedoes not entitle Buyer to exercisethe cancellation right pursuantto the loancontingency if Buyer is otherwise qualified forthe specified loan.Buyer's contractual obligations regarding deposit, balance ofdownpaymentand closingcosts are not contingencies ofthisAgreement. (3)LOAN CONTINGENCY REMOVAL: Within 21(or )Days After Acceptance, Buyershall, as specified in paragraph 19,in writing,remove the loan contingency or cancel this Agreement.Ifthere is an appraisal contingency,removal of the loan contingency shall not be deemed removal of the appraisal contingency. (4)[J NO LOAN CONTINGENCY:Obtaining any loan specified above is NOT a contingency ofthis Agreement.If Buyer does not obtain the loanand as a resultBuyerdoes notpurchase the Property,Sellermaybe entitled to Buyer'sdepositorotherlegalremedies. (5) LENDER LIMITS ON BUYER CREDITS:Anycredit to Buyer,fromany source, forclosing or other costs that is agreed to by the Parties ("Contractual Credit") shall be disclosed to Buyer's lender. If the total credit allowed by Buyer's lender ("Lender Allowable Credit") is less than the Contractual Credit,then (i)the Contractual Credit shall be reduced to the Lender Allowable Credit,and (ii)in the absence of a separate written agreement between the Parties, there shall be no automatic adjustment to the purchase price to make up for the difference between the Contractual Credit and the Lender Allowable Credit. K. BUYER STATED FINANCING:Seller is relying on Buyer's representation of the type of financing specified (including but not limited to, as applicable, all cash,amount of down payment, or contingent or non-contingent loan). Seller has agreed to a specific closing date,purchase price and to sell to Buyer in reliance on Buyer's covenant concerning financing. Buyer shall pursue the financing specified in this Agreement. Seller has no obligation to cooperate with Buyer's efforts to obtain any financing other than that specified in the Agreement and the availability of any such alternate financing does not excuse Buyer from the obligation to purchase the Property and close escrow as specified inthis Agreement. L.SELLER FINANCING:Thefollowing terms(or Qthe termsspecified in the attached Seller Financing Addendum)(C.A.R.Form SFA) apply ONLYto financing extended by Seller under this Agreement. (1)BUYER'S CREDIT-WORTHINESS:Buyer authorizes Seller and/or Brokers to obtain, at Buyer's expense,a copy of Buyer's credit report. Within 7 (or )Days After Acceptance,Buyer shall provide any supporting documentation reasonably requested by Seller. (2) TERMS:Buyer'spromissorynote, deed oftrust and other documents as appropriate shall incorporateand implementthe following additionalterms: (i)the maximum interest rate specified in paragraph 3D shall be the actual fixed interest rate forSeller financing; (ii) deed of trust shall contain a REQUEST FOR NOTICE OF DEFAULT on senior loans;(iii)Buyer shall sign and pay for a REQUEST FOR NOTICE OF DELINQUENCY priorto Close Of Escrow and at any future time ifrequested by Seller; (iv) note and deed of trust shall contain an acceleration clause making the loan due, when permitted by law and at Seller's option, upon the sale or transfer ofthe Propertyor any interest in it;(v) note shall contain a late charge of 6% of the installment due (or ) if the installment is not received within 10 days of the date due; (vi) title insurance coverage in the form of a joint protection policy shall be provided insuring Seller's deed of trust interest in the Property (any increased cost over owner's policy shall be paid by Buyer);and (vii)tax service shall be obtained and paid for by Buyer to notifySeller ifproperty taxes have not been paid. (3) ADDED,DELETED OR SUBSTITUTED BUYERS:The addition,deletion or substitution of any person or entity under this Agreement or to title prior to Close Of Escrow shall require Seller's written consent.Seller may grant or withhold consent in Seller's sole discretion.Any additional or substituted person or entity shall,if requested by Seller,submit to Seller the same documentation as required for the original named Buyer.Seller and/or Brokers may obtain a credit report,at Buyer's expense,on any such person or entity. M.ASSUMED OR "SUBJECT TO" FINANCING:Seller represents that Seller is not delinquent on any payments due on any loans.Seller shall,within the time specified in paragraph 19,provide Copies of all applicable notes and deeds of trust,loan balances and current interest rates to Buyer.Buyer shall then,as specified in paragraph 19B(3),remove this contingency or Buyer's Initials (X £^rC/^)( )Seller's Initials (X )( ) VLPA REVISED 12/18 (PAGE 2 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 2 OF 11) Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, & Property Address:Lots 18&19,frontage on Buena Vista Ave,Spring Valley, CA 91977 cancel this Agreement.Differences between estimated and actual loan balances shall be adjusted at Close Of Escrow by cash down payment.Impound accounts,if any,shall be assigned and charged to Buyer and credited to Seller.Seller is advised that Buyer's assumption of an existing loan may not release Seller from liability on that loan.Ifthis is an assumption of a VA Loan, the sale is contingent upon Seller being provided a release of liability and substitution of eligibility,unless otherwise agreed in writing. If the Property is acquired subject to an existing loan,Buyer and Seller are advised to consult with legal counsel regarding the ability of an existing lender to call the loan due,and the consequences thereof. 4.SALE OF BUYER'S PROPERTY: A. This Agreement and Buyer's ability to obtain financing are NOT contingent upon the sale of any property owned by Buyer. OR B.[]This Agreement and Buyer's ability to obtain financing are contingent uponthe sale of property owned by Buyer as specified in the attached addendum (C.A.R.Form COP). 5.[j MANUFACTURED HOME PURCHASE:The purchase of the Property is contingent upon Buyer acquiring a personal property manufactured home to be placed onthe Property after Close OfEscrow.Buyer Q has [J has not entered into a contract for the purchase of a personal property manufactured home.Within the time specified in paragraph 19,Buyer shall remove this contingency or cancel this Agreement,(or [~J this contingency shall remain in effect until the Close Of Escrow ofthe Property). 6.[]CONSTRUCTION LOAN FINANCING:The purchase ofthe Property is contingent upon Buyer obtaining a construction loan.A draw from the construction loan [J]will Q will not be used to finance the Property.Within the time specified in paragraph 19,Buyer shall remove this contingency or cancel this Agreement (or Cthis contingency shall remain in effect until Close Of Escrow of the Property). 7.ADDENDA AND ADVISORIES: A.ADDENDA:fl Addendum #(C.A.R.Form ADM) Date:June 24,2020 1 Back Up Offer Addendum (C.A.R.Form BUO)J Court Confirmation Addendum (C.A.R.Form CCA) J Septic,Well and Property Monument Addendum (C.A.R.Form SWPI) 1 ShortSale Addendum (C.A.R.Form SSA)1 Other B.BUYER AND SELLER ADVISORIES: fflBuyer's VacantLand Additional Inspection Advisory (C.A.R.Form BVLIA) J Probate Advisory (C.A.R.Form PA)Statewide Buyer and Seller Advisory (C.A.R.Form SBSA) HTrustAdvisory (C.A.R.Form TA)j REO Advisory (C.A.R. Form REO) •ShortSale Information and Advisory (C.A.R.Form SSIA)•Other 8.OTHER TERMS:Buyer herebynotifies Seller that buyer is related to Broker of Record for Axia Real Estate,and Buyers agent,Carlos Aguilar. ALLOCATION OF COSTS A.INSPECTIONS,REPORTS AND CERTIFICATES:Unless otherwise agreed,in writing,this paragraph only determines who is to pay for the inspection,test,certificate or service ("Report")mentioned;it does not determine who is to pay for any work recommended or identified in the Report. (1)[]Buyer [xj Seller shall pay for a natural hazard zone disclosure report,including tax []environmental Q Other: prepared by First American NH,or seller choice . (2)[J Buyer JJ Sellershallpayforthe following Report prepared by (3)[j Buyer \_\Seller shall pay for thefollowing Report prepared by B.ESCROW AND TITLE: (1)(a)[xj Buyer [xj Sellershallpayescrowfee Eachparty to pay theirown escrow fee. (b)Escrow Holder shall be New Venture Escrow -Kandie Miller,or Seller Choice (c) The Parties shall,within 5 (or )Days Afterreceipt, sign and return Escrow Holder's general provisions. (2)(a)[~J Buyer [x|Seller shall pay for owner's title insurance policy specified in paragraph 18E (b)Owner's title policy to be issued by Corinthian Title or Seller Choice C. (Buyer shall pay for any title insurance policy insuring Buyer's lender,unless otherwise agreed inwriting.) OTHER COSTS: (1)i_|Buyer (2) _ Buyer (3)•Buyer (4)Seller shall pay HOAfees for preparing all documents required to be delivered by Civil Code §4525. (5)Buyer to (6)n Buyer (7) _ Buyer _ (8) (9) Buyer Buyer X]Seller shall pay County transfer tax or fee Seller shall pay City transfertax or fee Seller shall pay Homeowners'Association ("HOA")transferfee pay for any HOA certification fee. Seller shall pay HOAfees for preparing all documents other than those required by Civil Code §4525. Seller shall pay for any private transfer fee Seller shall pay for Seller shall pay for 10.CLOSING AND POSSESSION:Possession shall be delivered to Buyer:(i) Of Escrow;(ii)[] no later than calendar days after Close Of Escrow;or (iii) The Property shall be unoccupied, unless otherwise agreed in writing.Seller shall provide keys and/or means to operate all PropertylocksJf-Ppoperty is located ina common interest subdivision,Buyermay be required to pay a deposit to the Homeowners' Buyer's Initials (X ^niu )( )Seller's Initials (X )( ) VLPA REVISED 12/18 (PAGE 3 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 3 OF 11) Produced withzipForm®by zipLogix 18070 Fifteen MileRoad, Fraser, Michigan48026 www.zipLoaix.com Vacant Lots, at 6 PMor (_ • at •AM/QPM)on the date of Close •AM/n?M on Property Address:Lots 188,19 ,frontage onBuena Vista Ave,Spring Valley,CA 91977 Date:June 24,2020 Association ("HOA")to obtain keys to accessible HOA facilities. 11.ITEMS INCLUDED IN AND EXCLUDED FROM SALE: A.NOTE TO BUYER AND SELLER:Items listed as included or excluded in the MLS,flyers or marketing materials are not included inthe purchase price or excluded fromthe sale unless specified in 11B or C. B.ITEMS INCLUDED IN SALE: (1)All EXISTING fixturesand fittings that are attached to the Property; (2) The following items: (3) Sellerrepresents thatall items included in the purchase price,unlessotherwise specified,are owned bySeller. (4)All itemsincluded shallbe transferredfree ofliensand without Seller warranty. C.ITEMS EXCLUDED FROM SALE: 12.STATUTORY AND OTHER DISCLOSURES AND CANCELLATION RIGHTS: A.NATURAL AND ENVIRONMENTAL HAZARD DISCLOSURES AND OTHER BOOKLETS:Within the time specified in paragraph 19A, Seller shall,if required by Law:(i)Deliver to Buyer earthquake guide(s)(and questionnaire),environmental hazards booklet;(ii) disclose ifthe Property is located ina Special Flood Hazard Area;Potential Flooding (Inundation)Area;Very High Fire Hazard Zone; State Fire Responsibility Area;Earthquake Fault Zone;and Seismic Hazard Zone;and (iii)disclose anyotherzoneas required byLaw and provide any other information required for those zones. B.WITHHOLDING TAXES:Within the time specified in paragraph 19A,to avoid required withholding,Seller shall Deliver to Buyer or qualified substitute,an affidavit sufficient to comply with federal (FIRPTA)and California withholding Law (C.A.R.FormASorQS). C.MEGAN'S LAW DATABASE DISCLOSURE:Notice:Pursuant to Section 290.46 of the Penal Code,information about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice at www.meganslaw.ca.gov.Depending on an offender's criminal history, this information will include either the address at which the offender resides or the community of residence and ZIPCode in which he or she resides.(Neither Seller nor Brokers are required to check this website. If Buyer wants further information,Broker recommends that Buyer obtain information from this website during Buyer's inspection contingency period. Brokers do not have expertise inthis area.) D.NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES:This noticeis being provided simply to inform you that information about the general location of gas and hazardous liquid transmission pipelines is available to the public via the National Pipeline Mapping System (NPMS)Internet Web site maintained by the United States Department of Transportation at http://www.npms.phmsa.dot.gov/.To seek further information about possible transmission pipelines near the Property,you may contact your local gas utility or other pipeline operators in the area. Contact information for pipeline operators is searchable by ZIP Code and county on the NPMS Internet Web site. E.CONDOMINIUM/PLANNED DEVELOPMENT DISCLOSURES: (1) SELLER HAS: 7 (or ) Days After Acceptance to disclose to Buyer whether the Property is a condominium, or is located in a planned development or other common interest subdivision (C.A.R. Form VLQ). (2)If the Property is a condominium or is located in a planned development or other common interest subdivision,Seller has 3 (or )Days AfterAcceptance to request from the HOA (C.A.R.Form H0A1): (i) Copies of any documents required by Law;(ii) disclosure of any pending or anticipated claim or litigation by or against the HOA;(iii)a statement containing the locationand number of designated parking and storage spaces;(iv) Copies of the most recent 12 months of HOA minutes for regular and special meetings; and (v) the names and contact information of all HOAs governing the Property (collectively,"CI Disclosures").Seller shall itemize and Deliver to Buyer all CI Disclosures received from the HOA and any CI Disclosures in Seller's possession.Buyer's approval of CI Disclosures is a contingency of this Agreement as specified in paragraph 19B(3).The Party specified in paragraph 9, as directed by escrow, shall deposit funds into escrow or direct to HOAor management company to pay for any of the above. 13.SELLER DOCUMENTATION AND ADDITIONAL DISCLOSURE: A.Within the timespecified in paragraph 19,ifSellerhas actual knowledge,Sellershall provide to Buyer,in writing,the following information: (1) LEGAL PROCEEDINGS:Any lawsuits by or against Seller,threateningor affecting the Property,including any lawsuits alleging a defect ordeficiencyinthe Propertyor common areas, or any knownnotices ofabatement or citations filed or issued against the Property. (2)AGRICULTURAL USE:Whether the Property is subject to restrictions for agricultural use pursuant to the Williamson Act (Government Code §§51200-51295). (3) DEED RESTRICTIONS:Any deed restrictions or obligations. (4) FARM USE:Whetherthe Property is in, or adjacent to, an area with Right to Farm rights (Civil Code §3482.5 and §3482.6). (5)ENDANGERED SPECIES:Presence of endangered,threatened,'candidate'species,or wetlands on the Property. (6) ENVIRONMENTAL HAZARDS:Any substances,materials, or products that may be an environmental hazard including,but not limited to,asbestos,formaldehyde, radon gas,lead-based paint,fuelor chemical storage tanks, and contaminated soilorwater on the Property. (7) COMMON WALLS:Any features of the Property shared in common with adjoining landowners,such as walls,fences,roads,and driveways, and agriculture and domestic wells whose use or responsibility for maintenance may have an effect on the Property. (8)LANDLOCKED:The absence of legal or physical access to the Property. (9)EASEMENTS/ENCROACHMENTS:Any encroachments,easements or similar matters that may affect the Property. (10)SOIL FILL:Any fill (compacted or otherwise),or abandoned mining operations on the Property. (11)SOIL PROBLEMS:Any slippage,sliding, flooding,drainage,grading,or other soil problems. (12)EARTHQUAKE DAMAGE:Major damage to the Property or any of the structures from fire,earthquake,floods, or landslides. (13) ZONING ISSUES:Any zoning violations,non-conforming uses,or violations of "setback"requirements. (14)NEIGHBORHOOD PROBLEMS:Any neighborhood noise problems,or other nuisances. B.RENTAL AND SERVICE AGREEMENTS:Within the time specified in paragraph 19,Seller shall make available to Buyer for inspection and review, all current leases,rental agreements,service contracts and other related agreements,licenses,and permits pertaining to the operation or use of the Property. C.•TENANT ESTOPPEL CERTIFICATES:Within the time specified in paragraph 19,Seller shall deliver to Buyer tenant estoppel certificates (C.A.R. Form TEC)completed by Seller or Seller's agent,and signed by tenants,acknowledging:(i)that tenants'rental or lease agreements are unmodified and in full force and effect (or if modified,stating all such modifications);(ii)that no lessor defaults exist;and(iW^afing the amount ofanyprepaid rentorsecurity deposit. Buyer's Initials (X L^rCu)()Seller's Initials (X )( ) VLPA REVISED 12/18 (PAGE 4 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 4 OF 11) Produced with zipForm®by zipLogix 18070 Fifteen Mile Road.Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, <h Property Address:Lots 188.19,frontage on Buena Vista Ave,Spring Valley,CA 91977 Date:June 24,2020 D.MELLO-ROOS TAX;1915 BOND ACT:Within the time specified in paragraph 19,Seller shall:(i)make a good faith effort toobtain a notice from any local agencies that levy aspecial tax orassessment on the Property (or,if allowed,substantially equivalent notice),pursuant to the Mello-Roos Community Facilities Act,and Improvement Bond Act of1915,and (ii)promptly deliver toBuyer any such notice obtained. E.SELLER VACANT LAND QUESTIONNAIRE:Seller shall,within the time specified in paragraph 19,complete and provide Buyer with a SellerVacant LandQuestionnaire (C.A.R.Form VLQ). 14.SUBSEQUENT DISCLOSURES:In the event Seller,prior to Close Of Escrow,becomes aware of adverse conditions materially affecting the Property,or any material inaccuracy in disclosures,information or representations previously provided to Buyer of which Buyer is otherwise unaware,Seller shall promptly provide a subsequent oramended disclosure or notice,in writing,covering those items.However, asubsequentoramended disclosure shall notbe required for conditions and material inaccuracies disclosed in reports ordered and paid for by Buyer. 15.CHANGES DURING ESCROW: A.Prior to Close Of Escrow,Seller may engage in the following acts,("Proposed Changes"),subject to Buyer's rights in paragraph 15B:(i) rent or lease any part ofthe premises;(ii)alter,modify orextend any existing rental orleaseagreement;(iii)enter into,alter,modify or extendanyservicecontract(s);or(iv)change the status ofthe condition ofthe Property. B.At least 7 (or )Days prior to any Proposed Changes,Seller shall give written notice to Buyer ofsuch Proposed Changes.Within 5 (°r )Days After receipt of such notice,Buyer,in writing,may give Seller notice of Buyer's objection to the Proposed Changes,in which case Seller shall not make the Proposed Changes. 16.CONDITION OF PROPERTY:Unless otherwise agreed in writing:(i)the Property is sold (a)"AS-IS"in its PRESENT physical condition as ofthe date ofAcceptance and (b)subject to Buyer's Investigation rights;(ii)the Property,including pool,spa,landscaping and grounds,is tobemaintained in substantially thesamecondition as on thedateofAcceptance;and (iii)all debris and personal property not included in the sale shall be removed by Close Of Escrow. A.Seller shall,within the time specified in paragraph 19A,DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, including known insurance claims within thepastfive years,and make any and all other disclosures required by law. B.Buyer has the right to conduct Buyer Investigations ofthe property and,as specified in paragraph 19B,based upon information discovered in those investigations:(i)cancelthisAgreement;or (ii)requestthatSellermakeRepairsortake otheraction. C.Buyeris stronglyadvised to conduct investigationsof the entire Property in orderto determine its present condition.Seller may not be aware of all defects affectingthe Property orother factorsthat Buyerconsiders important.Property improvements may not be built according to code,in compliance with current Law, or have had permits issued. 17.BUYER'S INVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY: A.Buyer's acceptance ofthecondition of,and any other matter affecting the Property,isa contingency ofthis Agreement as specified in this paragraph and paragraph 19B.Within thetime specified in paragraph 19B(1),Buyer shall havethe right,at Buyer's expense unless otherwise agreed,to conduct inspections,investigations,tests,surveys and other studies ("Buyer Investigations"),including,but not limited to,the right to:(i)inspect for lead-based paint and other lead-based paint hazards;(ii)inspect for wood destroying pests and organisms;(iii)review the registered sex offender database;(iv)confirm the insurability of Buyer and the Property;and (v)satisfy Buyer as to any matterspecified in the attached Buyer's Inspection Advisory (C.A.R.Form BIA).Without Seller's prior written consent, Buyer shall neither make nor causetobe made:(i)invasive ordestructive Buyer Investigations except for minimally invasive testing;or (ii)inspections byanygovernmental building orzoning inspector or government employee,unless required by Law. B.Seller shall make the Property available for all Buyer Investigations.Buyer shall (i)as specified in paragraph 19B,complete Buyer Investigations and, either remove the contingency or cancel thisAgreement,and (ii)give Seller,at no cost,complete Copies of all Investigation reportsobtained by Buyer,which obligation shall survivethe termination ofthisAgreement. C. Buyerindemnity and Seller protection forentry upon property:Buyer shall:(i)keep the Property free andclearofliens;(ii)repair all damage arising from Buyer Investigations;and (iii)indemnify and hold Sellerharmless from all resulting liability,claims,demands, damagesandcosts ofBuyer's Investigations.Buyer shall carry,or Buyer shall require anyoneacting on Buyer's behalf to carry,policies of liability,workers'compensation and other applicable insurance,defending and protecting Seller from liability for any injuries to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow.Selleris advised that certain protections may be afforded Sellerby recording a "Notice of Non-responsibility"(C.A.R.Form NNR)for Buyer Investigations and work done on the Property at Buyer's direction.Buyer's obligations under this paragraph shall survive the termination or cancellation of this Agreement and Close Of Escrow. D.BUYER IS STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY ANDALL MATTERS AFFECTING THEVALUE OR DESIRABILITY OFTHE PROPERTY,INCLUDING BUT NOT LIMITED TO,THE ITEMS SPECIFIED BELOW.IF BUYER DOES NOT EXERCISE THESE RIGHTS,BUYER IS ACTING AGAINST THE ADVICE OF BROKERS. BUYER UNDERSTANDS THAT ALTHOUGH CONDITIONS ARE OFTEN DIFFICULT TO LOCATE AND DISCOVER, ALL REAL PROPERTY CONTAINS CONDITIONS THAT ARE NOT READILY APPARENT AND THAT MAY AFFECT THE VALUE OR DESIRABILITY OF THE PROPERTY. BUYER AND SELLER ARE AWARE THAT BROKERS DO NOT GUARANTEE, AND IN NO WAY ASSUME RESPONSIBILITY FOR, THE CONDITION OF THE PROPERTY.BROKERS HAVE NOT AND WILL NOT VERIFY ANY OF THE ITEMS IN THIS PARAGRAPH 17,UNLESS OTHERWISE AGREED IN WRITING. E. SIZE, LINES,ACCESS AND BOUNDARIES:Lot size, propertylines, legalor physical access and boundaries including features ofthe Property shared in common with adjoining landowners,such as walls,fences, roads and driveways,whose use or responsibility for maintenance may have an effecton the Property and any encroachments,easements or similar matters that may affectthe Property. (Fences, hedges, walls and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. Property linesmaybe verified bysurvey.)(Unlessotherwisespecified inwriting,any numerical statements by Brokers regarding lotsize are APPROXIMATIONS ONLY,which have notbeen and will notbe verified,and should notbe reliedupon by Buyer.) F.ZONING AND LAND USE:Past, present, or proposed laws, ordinances, referendums,initiatives,votes, applications and permits affecting the currentuse ofthe Property,future development,zoning,building,size,governmental permits and inspections.Any zoning violations,non-conforming uses, or violations of "setback" requirements. (Buyer should also investigate whether these matters affect Buyer's intended use of the Property.) G.UTILITIES ANDSERVICES:Availability,costs,restrictions and location of utilities and services,including but not limited to, sewerage, sanitation,seplic^and leach lines,water,electricity,gas,telephone,cableTV and drainage. Buyer's Initials (X Z^/CcT')( )Seller's Initials (X )( ) VLPA REVISED 12/18 (PAGE 5 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 5 OF 11) Producedwith zipForm®by zipLogix 18070Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, & Property Address:Lots 188.19,frontage on Buena Vista Ave ,Spring Valley,CA 91977 Date:June24,2020 H.ENVIRONMENTAL HAZARDS:Potential environmental hazards,including,but not limited to,asbestos,lead-based paint and other lead contamination, radon, methane, other gases,fuel,oil or chemical storage tanks, contaminated soil or water,hazardous waste, waste disposal sites, electromagnetic fields,nuclear sources, and other substances,including mold (airborne,toxic or otherwise), fungus or similar contaminant,materials,products or conditions. I.GEOLOGIC CONDITIONS:Geologic/seismic conditions,soil and terrain stability,suitability and drainage including any slippage, sliding, flooding,drainage,grading,fill (compacted or otherwise),or othersoil problems. J. NATURAL HAZARD ZONE:Special Flood Hazard Areas, Potential Flooding (Inundation)Areas, Very High Fire Hazard Zones, State FireResponsibility Areas, Earthquake FaultZones, Seismic HazardZones, or any other zone forwhich disclosure is requiredby Law. K. PROPERTY DAMAGE:Major damage to the Property or any of the structures or non-structural systems and components and any personal property included in the sale from fire,earthquake,floods,landslides or other causes. L.NEIGHBORHOOD,AREA AND PROPERTY CONDITIONS:Neighborhood or area conditions,including Agricultural Use Restrictions pursuant to the Williamson Act (Government Code §§51200-51295),Right To Farm Laws (Civil Code §3482.5 and §3482.6),schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders, fire protection, other government services,availability,adequacy and cost of any speed-wired,wireless internet connections or other telecommunications or other technology services and installations,proximity to commercial,industrial or agricultural activities,existing and proposed transportation, construction and development that may affect noise, view, or traffic,airport noise, noise or odor from any source, abandoned mining operations on the Property,wild and domestic animals, other nuisances,hazards,or circumstances,protected species,wetland properties,botanical diseases,historic or other governmentally protected sites or improvements,cemeteries,facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures and/or religions,and personal needs,requirements and preferences of Buyer. M.COMMON INTEREST SUBDIVISIONS: OWNER ASSOCIATIONS:Facilities and condition of common areas (facilities such as pools, tennis courts, walkways, or other areas co-owned in undivided interest withothers), Owners' Association that has any authority over the subject property, CC&Rs, or other deed restrictions or obligations, and possible lack of compliance with any Owners' Association requirements. N.SPECIAL TAX:Any local agencies that levy a special tax on the Property pursuant to the Mello-Roos Community Facilities Act or Improvement Bond Act of 1915. O.RENTAL PROPERTY RESTRICTIONS:Some cities and counties impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants and the right of a landlord to terminate a tenancy. P. MANUFACTURED HOMEPLACEMENT:Conditions that may affect the abilityto place and use a manufactured home on the Property. 18.TITLE AND VESTING: A.Within the time specified in paragraph 19,Buyershall be provideda current preliminary titlereport ("Preliminary Report").The Preliminary Report is only an offer by the title insurer to issue a policyof title insurance and may not contain every item affecting title. Buyer's review of the Preliminary Report and any other matters which may affect titleare a contingency ofthis Agreement as specified in paragraph 19B.The company providing the Preliminary Report shall, prior to issuing a Preliminary Report,conduct a search of the General Index for all Sellers except banks or other institutional lenders selling properties they acquired through foreclosure (REOs),corporations,and government entities.Seller shall within 7 Days After Acceptance,give Escrow Holder a completed Statement of Information. B. Title is taken in its present condition subject to all encumbrances,easements,covenants,conditions, restrictions, rights and other matters,whether of record or not,as of the date of Acceptance except for: (i)monetary liens of record (which Seller is obligated to pay off)unless Buyer is assuming those obligations or taking the Property subject to those obligations;and (ii)those matters which Seller has agreed to remove in writing. C.Within the time specified in paragraph 19A, Seller has a duty to disclose to Buyer all matters known to Seller affecting title, whether of record or not. D. At Close Of Escrow, Buyer shall receive a grant deed conveying title (or, for stock cooperative or long-term lease,an assignment of stock certificate or of Seller's leasehold interest),including oil,mineral and water rights if currently owned by Seller.Title shall vest as designated in Buyer's supplemental escrow instructions.THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES.CONSULT AN APPROPRIATE PROFESSIONAL. E. Buyer shall receive a "CLTA/ALTA Homeowner's Policy of Title Insurance",if applicable to the type of property and buyer. A title company,at Buyer's request,can provide information about the availability,desirability,coverage,and cost of various title insurance coverages and endorsements.If Buyer desires title coverage other than that required by this paragraph,Buyer shall instruct Escrow Holder in writing and shall pay any increase in cost. 19. TIME PERIODS;REMOVAL OF CONTINGENCIES;CANCELLATION RIGHTS:The following time periods may only be extended, altered,modified or changed by mutual written agreement.Any removal of contingencies or cancellation under this paragraph by either Buyer or Seller must be exercised in good faith and in writing (C.A.R.Form CR or CC). A.SELLER HAS: 7 (or )Days After Acceptance to Deliver to Buyer all Reports,disclosures and information for which Seller is responsible under paragraphs 3M, 7A, 8, 9,12A,B,and E, 13, 16A and 18A.Buyer after first Delivering to Seller a Notice to Seller to Perform (C.A.R.Form NSP)may cancel this Agreement if Seller has not Delivered the items within the time specified. B. (1)BUYER HAS:17 (or 30 )Days After Acceptance,unless otherwise agreed in writing, to: (i)complete all Buyer Investigations;review all disclosures,reports,and other applicable information,which Buyer receives from Seller;and approve all matters affecting the Property;and (ii)Deliver to Seller Signed Copies of Statutory Disclosures and other disclosures Delivered by Seller in accordance with paragraph 12A. (2) Within the time specified in paragraph 19B(1),Buyer may request that Seller make repairs or take any other action regarding the Property (C.A.R.Form RR).Seller has no obligation to agree to or respond to (C.A.R.Form RRRR)Buyer's requests. (3) By the end of the time specified in paragraph 19B(1)(or as otherwise specified in this Agreement),Buyer shall Deliver to Seller a removal of the applicable contingency or cancellation (C.A.R. Form CR or CC) of this Agreement.However,ifany report,disclosure or information for which Seller is responsible is not Delivered within the time specified in paragraph 19A,then Buyer has 5 (or ) Days After Delivery of any such items,or the time specified in paragraph 19B(1),whichever is later,to Deliver to Seller a removal of the applicable contingency or cancellation ofthisAgreement. Buyer's Initials (X Z^-rCft^)( )Seller's Initials (X )()^jsf VLPA REVISED 12/18 (PAGE 6 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 6 OF 11) Producedwith zipForm®by zipLogix 18070Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, Property Address:Lots 188.19 ,frontage on Buena Vista Ave ,Spring Valley,CA 91977 Date:June 24,2020 (4)Continuation of Contingency:Even after the end of the time specified in paragraph 19B(1)and before Seller cancels,if at all, pursuant to paragraph 19C,Buyer retains the right,in writing,to either (i)remove remaining contingencies,or (ii)cancel this Agreement based on a remaining contingency.Once Buyer's written removal of all contingencies is Delivered to Seller,Seller may notcancel thisAgreementpursuant to paragraph 19C(1) C.SELLER RIGHT TO CANCEL: (1)Seller right to Cancel;Buyer Contingencies:If,by the time specified in this Agreement,Buyer does not Deliver to Seller a removal of the applicable contingency or cancellation of this Agreement,then Seller,after first Delivering to Buyer a Notice to Buyer to Perform (C.A.R.Form NBP),may cancel this Agreement.In such event,Seller shall authorize the return of Buyer's deposit except forfees incurred by Buyer. (2)Seller right toCancel;Buyer Contract Obligations:Seller,after first delivering to Buyer a NBP,may cancel this Agreement if,by the time specified in this Agreement,Buyer does not take the following action(s):(i)Deposit funds as required by paragraph 3A or 3B orif the funds deposited pursuant to paragraph 3A or3B arenot good when deposited;(ii)Deliver a notice ofFHA orVA costs or terms as required by paragraph 3D(3)(C.A.R.Form FVA);(iii)Deliver a letter as required by paragraph 3J(1);(iv)Deliver verification as required by paragraph 3C or 3H or if Seller reasonably disapproves of the verification provided by paragraph 3C or 3H;(v)Return Statutory Disclosures as required by paragraph 12A;or (vi)Sign or initial a separate liquidated damages form for an increased deposit as required by paragraphs 3B and 27B;or (vii)Provide evidence of authority to sign in a representative capacity asspecified in paragraph 19.In such event,Seller shall authorize the return of Buyer's deposit,except for fees incurred by Buyer D.NOTICE TO BUYER OR SELLER TO PERFORM:The NBP or NSP shall:(i)be in writing;(ii)be signed by the applicable Buyer or Seller;and (iii)give the other Party at least 2 (or )Days After Delivery (or until the time specified in the applicable paragraph, whichever occurs last)to take the applicable action.ANBP or NSP may not be Delivered any earlier than 2 Days Prior to the expiration of the applicable time for the other Party to remove a contingency or cancel this Agreement or meet an obligation specified in paragraph i y. E.EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES:If Buyer removes,in writing,any contingency or cancellation rights,unless otherwise specified in writing,Buyer shall conclusively be deemed to have:(i)completed all Buyer Investigations,and review of reports and other applicable information and disclosures pertaining to that contingency orcancellation right;(ii)elected to proceed with the transaction;and (iii)assumed all liability,responsibility and expense for Repairs or corrections pertaining to that contingency or cancellation right,or forthe inability to obtain financing. F.CLOSE OF ESCROW:Before Buyer or Seller may cancel this Agreement for failure of the other Party to close escrow pursuant to this Agreement,Buyer or Seller must first Deliver to the other Party a demand to close escrow (C.A.R.Form DCE).The DCE shall:(i)be signed by the applicable Buyer orSeller;and (ii)give the other Party atleast 3 (or )Days After Delivery to close escrow.ADCE may not be Delivered any earlier than 3 Days Prior to the scheduled close of escrow. G.EFFECT OF CANCELLATION ON DEPOSITS:If Buyer orSeller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement,the Parties agree to Sign mutual instructions to cancel the sale and escrow and release deposits,if any,to the party entitled to the funds,less fees and costs incurred by that party.Fees and costs may be payable to service providers and vendors for services and products provided during escrow.Except as specified below,release of funds will require mutual Signed release instructions from the Parties,judicial decision or arbitration award.If either Party fails to execute mutual instructions to cancel escrow,one Party may make a written demand to Escrow Holder for the deposit (C.A.R.Form BDRD or SDRD). Escrow Holder,upon receipt,shall promptly deliver notice ofthe demand to the other Party.If,within 10 Days After Escrow Holder's notice,the other Party does not object to the demand,Escrow Holder shall disburse the deposit to the Party making the demand.If Escrow Holder complies with the preceding process,each Party shall be deemed to have released Escrow Holder from any and all claims or liability related tothe disbursal ofthe deposit.Escrow Holder,at its discretion,may nonetheless require mutual cancellation instructions.A Party may be subject to a civil penalty of upto $1,000 for refusal to sign cancellation instructions if no good faith dispute exists as to who isentitledto the deposited funds (Civil Code§1057.3). 20.REPAIRS:Repairs shall be completed prior to final verification ofcondition unless otherwise agreed in writing.Repairs to beperformed at Seller's expense may be performed by Seller or through others,provided that the work complies with applicable Law,including governmental permit,inspection and approval requirements.Repairs shall be performed in a good,skillful manner with materials ofquality and appearance comparable to existing materials.It is understood that exact restoration of appearance or cosmetic items following all Repairs may not be possible.Seller shall:(i)obtain invoices and paid receipts for Repairs performed by others;(ii)prepare a written statement indicating the Repairs performed by Seller andthedate ofsuch Repairs;and (iii)provide Copies of invoices and paid receipts and statements to Buyer prior to final verification of condition. 21.FINAL VERIFICATION OF CONDITION:Buyer shall have the right to make a final verification of the Property within 5(or )Days Prior to Close Of Escrow,NOT AS ACONTINGENCY OF THE SALE,but solely toconfirm:(i)the Property is maintained pursuant to paragraph 16;(ii)Repairs have been completed as agreed;and (iii)Seller has complied with Seller's other obligations under this Agreement (CAR Form VP). 22.ENVIRONMENTAL HAZARD CONSULTATION:Buyer and Seller acknowledge:(i)Federal,state,and local legislation impose liability upon existing and former owners and users of real property,in applicable situations,for certain legislatively defined,environmentally hazardous substances;(ii)Broker(s)has/havemade no representation concerning the applicability ofanysuch Law tothis transaction orto Buyer or to Seller,except as otherwise indicated in this Agreement;(iii)Broker(s)has/have made no representation concerning the existence,testing,discovery,location and evaluation of/for,and risks posed by,environmentally hazardous substances,if any,located on or potentially affecting the Property;and (iv)Buyer and Seller are each advised toconsult with technical and legal experts concerning the existence,testing,discovery,location andevaluation of/for,and risks posed by,environmentally hazardous substances,if any,located on or potentially affecting the Property. (x z£jr_Buyer's Initials (X ^>/Vz7 )( )Seller's Initials (X )( VLPA REVISED 12/18 (PAGE 7 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 7 OF 11) Produced withzipForm®byzipLogix 18070FifteenMile Road, Fraser, Michigan48026 www.zioLoaix com VacantLots, Property Address:Lots 188.19 ,frontage on Buena Vista Ave,Spring Valley,CA 91977 Date:June 24,2020 23.PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS:Unless otherwise agreed in writing,the following items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Escrow:real property taxes and assessments,interest,rents, HOA regular,special,and emergency dues and assessments imposed prior to Close Of Escrow,premiums on insurance assumed by Buyer,payments on bonds and assessments assumed by Buyer,and payments on Mello-Roos and other Special Assessment District bonds and assessments that are now a lien.The following items shall be assumed by Buyer WITHOUT CREDIT toward the purchase price:prorated payments on Mello-Roos and other Special Assessment District bonds and assessments and HOA special assessments thatare now a lien but not yet due.Property will be reassessed upon change ofownership.Any supplemental tax bills shall be paid as follows:(i)for periods after Close Of Escrow,by Buyer;and (ii)for periods prior to Close Of Escrow,by Seller (see C.A.R. Form SPT or SBSA for further information).TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER.Prorations shallbe made based ona 30-daymonth 24.BROKERS: A.COMPENSATION:Seller or Buyer,or both,as applicable,agrees to pay compensation to Broker as specified in a separate written agreement between Broker andthat Seller or Buyer.Compensation is payable upon Close Of Escrow,or if escrow does not close,as otherwise specified inthe agreement between Broker and that Selleror Buyer. B.SCOPE OF DUTY:Buyer and Seller acknowledge and agree that Broker:(i)Does not decide what price Buyer should pay orSeller should accept;(ii)Does not guarantee the condition of the Property;(iii)Does not guarantee the performance,adequacy or completeness ofinspections,services,products or repairs provided or made by Seller or others;(iv)Does not have an obligation to conduct an inspection ofcommon areasorareas off the site ofthe Property;(v)Shall not be responsible for identifying defects on the Property,in common areas, or offsite unless such defects are visually observable by an inspection of reasonably accessible areas of the Property orare known to Broker;(vi)Shall not be responsible for inspecting public records orpermits concerning thetitle oruseof Property;(vii)Shall not be responsible for identifying the location of boundary lines or other items affecting title,(viii)Shall not be responsible for verifying square footage,representations ofothers or information contained in Investigation reports,Multiple Listing Service,advertisements,flyers or other promotional material;(ix)Shall not be responsible for determining the fair market value ofthe Property orany personal property included in the sale;(x)Shall not be responsible for providing legal ortax advice regarding any aspect ofa transaction entered into by Buyer or Seller;and (xi)Shall notbe responsible for providing otheradvice or information that exceeds the knowledge,education and experience required to perform real estate licensed activity.Buyer and Seller agree to seek legal,tax, insurance,title and other desired assistance from appropriate professionals. 25.REPRESENTATIVE CAPACITY:If oneormore Parties issigning the Agreement in a representative capacity and not for him/herself as an individual then that Party shall so indicate in paragraph 37or38 and attach a Representative Capacity Signature Disclosure (C.A.R.Form RCSD).Wherever thesignature orinitials ofthe representative identified in theRCSD appear on theAgreement orany related documents, it shall be deemed to be in a representative capacity for the entity described and not in an individual capacity,unless otherwise indicated. The Party acting in a representative capacity (i)represents thattheentity for which thatparty is acting already exists and (ii)shall Deliver to theotherParty and Escrow Holder,within 3 Days After Acceptance,evidence ofauthority toact in thatcapacity (such as butnotlimited to: applicable portion ofthe trust or Certification Of Trust (Probate Code §18100.5),letters testamentary,court order,power of attorney, corporate resolution, or formation documents of the business entity). 26.JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: A.The following paragraphs,or applicable portions thereof,of this Agreement constitutethe jointescrow instructions of Buyer and Sellerto Escrow Holder,which Escrow Holder isto use along with any related counter offers and addenda,and any additional mutual instructions to close the escrow: paragraphs 1, 3, 4B, 5, 6,7A,8, 9,12B,18, 19G, 23,24A,25, 26, 32, 35, 36, 37, 38 and paragraph Dofthe sectiontitled RealEstate Brokers on page 11.Ifa Copyofthe separate compensation agreement(s)provided for in paragraph 24A,or paragraph Dofthe section titled Real Estate Brokers on page 10is deposited with Escrow Holder by Broker,Escrow Holder shall acceptsuch agreement(s)and payoutfrom Buyer's or Seller's funds,or both,as applicable,the Broker's compensation provided for in such agreement(s).Thetermsand conditions ofthisAgreement notset forth in the specified paragraphs are additional matters for the information of Escrow Holder,but about which Escrow Holder need not be concerned.Buyer and Sellerwill receive Escrow Holder's general provisions,if any,directly from Escrow Holder and will executesuch provisions within the time specified in paragraph 9B(1)(c).To the extent the general provisions are inconsistent or conflict with this Agreement,the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Seller will execute additional instructions,documents and forms provided by Escrow Holder thatare reasonably necessaryto closethe escrowand, as directed by Escrow Holder,within 3 (or )Days,shall pay to Escrow Holder or HOA or HOA management company or others any fee required by paragraphs 9, 12 or elsewhere in this Agreement. B. A Copy of this Agreement including any counter offer(s)and addenda shall be delivered to Escrow Holder within 3 Days After Acceptance (or ).Buyer andSellerauthorize Escrow Holder toacceptand rely onCopies and Signatures as defined in this Agreement as originals,toopen escrow and for other purposes ofescrow.The validity ofthisAgreement as between Buyerand Seller is not affected by whether or when Escrow Holder Signs this Agreement.Escrow Holder shall provide Seller's Statement of Information to Title company when received from Seller.If Sellerdelivers an affidavit to Escrow Holder to satisfy Seller's FIRPTA obligation under paragraph 12B,Escrow Holder shall deliver to Buyer a Qualified Substitute statementthat complies with federal Law. C.Brokers are a party to the escrow for the sole purpose of compensation pursuant to paragraph 24A and paragraph Dofthe section titled Real Estate Brokers on page 11.Buyerand Seller irrevocably assign to Brokers compensation specified in paragraph 24A,and irrevocably instruct Escrow Holder to disburse those funds to Brokers at Close Of Escrowor pursuant to any other mutually executed cancellation agreement. Compensation instructions can be amended or revoked onlywith the written consent of Brokers.Buyer and Seller shall release and hold harmless Escrow Holder from any liability resulting from Escrow Holder's payment to Broker(s)of compensation pursuant to this Agreement. D.Upon receipt,Escrow Holder shall provide Sellerand Seller's Broker verification of Buyer's depositof funds pursuant to paragraph 3A and 3B.Once EscrowHolder becomes aware ofany ofthe following,Escrow Holder shall immediately notify all Brokers:(i) if Buyer's initial or any additional deposit is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder;or (ii)if Buyer and Seller instruct Escrow Holder to cancel escrow. Buyer's Initials (X C^rClT)( )Seller's Initials (X )() VLPA REVISED 12/18 (PAGE 8 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 8 OF 11) Produced withzipForm®by zipLogix 18070 Fifteen MileRoad, Fraser, Michigan 48026 wwwziDLoaix.com Vacant Lots, Property Address:Lots 188.19,frontage on Buena Vista Ave,Spring Valley,CA 91977 Date:June 24,2020 E.A Copy of any amendment that affects any paragraph of this Agreement for which Escrow Holder is responsible shall be deliveredto Escrow Holderwithin 3 Days after mutualexecution ofthe amendment 27.REMEDIES FOR BUYER'S BREACH OF CONTRACT: A.Any clause added by the Parties specifying a remedy (such as release or forfeiture of deposit ormaking a deposit non refundable)for failure of Buyerto completethe purchase inviolation of this Agreementshallbe deemed invalid unless the clause independently satisfies the statutory liquidateddamages requirements set forthinthe Civil Code. B.LIQUIDATED DAMAGES:If Buyer fails to complete this purchase because ofBuyer's default,Seller shall retain,as liquidated damages,the deposit actually paid.Buyer and Seller agree that this amount isareasonable sum given that itis impractical or extremely difficult to establish the amount of damages that would actually be suffered by Seller in theevent Buyer were tobreach this Agreement.Release of funds will require mutual,Signed release instr uctions from both Buyer and Seller,judicial decision orarbitrationaward.AT TIME OFANY INCREASED DEPOSIT BUYERANDSELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION INCORPORATING THE INCREASED DEPOSIT AS LIQUIDATED DAMAGES (C.A.R FORM RID). Buyer's Initials Z-KsF /Seller's Initials / 28.DISPUTE RESOLUTION: A.MEDIATION:The Parties agree to mediate any dispute or claim arising between them out of this Agreement,or any resulting transaction,before resorting to arbitration or court action through the C.A.R.Consumer Mediation Center (www. consumermediation.org)or through any other mediation provider or service mutually agreed to by the Parties.The Parties alsoagree to mediate anydisputes or claims with Broker(s),who,inwriting,agreeto such mediation prior to,orwithin a reasonable time after,the dispute or claim is presented to the Broker.Mediation fees,if any,shall be divided equally among the Parties involved.If,for any dispute or claim to which this paragraph applies,any Party (i)commences an action without first attempting to resolve the matterthrough mediation,or (ii)beforecommencement of an action,refuses to mediate after a request has been made,then that Party shall not be entitled to recover attorney fees,even if they would otherwise be available to that Party in any such action.THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THEARBITRATION PROVISION IS INITIALED.Exclusions from this mediation agreementarespecified in paragraph 28C B.ARBITRATION OF DISPUTES: The Parties agree thatany dispute orclaim in Law orequity arising between them outofthis Agreement orany resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration.The Parties also agree to arbitrate any disputes or claims with Broker(s),who, in writing,agree to such arbitration prior to, or withina reasonable time after,the disputeor claim is presentedtothe Broker.The arbitrator shallbea retired judgeorjustice,or an attorney with at least 5 years of transactional real estate Law experience, unless the parties mutually agree to a different arbitrator.The Parties shall havethe right to discovery inaccordance with Code of Civil Procedure §1283.05.In all other respects,the arbitration shall be conducted in accordance with Title 9 of Part 3 ofthe Code of Civil Procedure. Judgment upon the award of the arbitrator(s)may be entered into any court having jurisdiction.Enforcement of this agreementto arbitrate shall be governed by the Federal Arbitration Act. Exclusions from this arbitration agreementare specified in paragraph 28C. "NOTICE:BY INITIALING INTHE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES'PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL.BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION.IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION,YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE.YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY." "WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES'PROVISION TO NEUTRAL ARBITRATION." Buyer's Initials 2>rJP /Seller's Initials / C.ADDITIONAL MEDIATION AND ARBITRATION TERMS: (1)EXCLUSIONS:The following matters are excluded from mediation and arbitration:(i)a judicial or non-judicial foreclosure or other action or proceeding to enforce a deed of trust,mortgage or installment land sale contract as defined in CivilCode §2985;(ii)an unlawful detainer action; and (iii)any matter that is within the jurisdiction ofa probate,small claims or bankruptcy court. (2)PRESERVATION OF ACTIONS:The following shall not constitute a waiver nor violation of the mediation and arbitration provisions:(i)the filing of a court action to preserve a statute of limitations;(ii)the filing of a court action to enable the recording of a notice of pending action, for order of attachment,receivership,injunction, or other provisional remedies;or (iii)the filing of a mechanic's lien. (3) BROKERS: Brokers shall not be obligated nor compelled to mediate or arbitrate unless they agree to do so in writing. Any Broker(s) participating in mediation or arbitration shall not be deemed a party to the Agreement. 29.SELECTION OF SERVICE PROVIDERS:Brokers do notguarantee the performance ofany vendors,serviceor product providers ("Providers"),whether referred by Brokeror selected by Buyer,Seller or other person. Buyerand Seller may select ANY Providers of their own chposiflg. Buyer's Initials (X &rC{T )( )Seller's Initials (X )() VLPA REVISED 12/18 (PAGE 9 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 9 OF 11) Produced withzipForm®byzipLogix 18070 Fifteen MileRoad, Fraser, Michigan48026 www,zipLoQix.com Vacant Lots, Property Address:Lots 188.19,frontage on Buena Vista Ave .Spring Valley.CA 91977 Date June 24 2020 30 MULTIPLE LISTING SERVICE ("MLS"):Brokers are authorized to report to the MLS a pending sale and,upon Close Of Escrow ^mt^?hCe ^♦otherierms,of this transaction shall be provided to the MLS to be published and disseminated to persons andentitiesauthorizedtousetheinformationontermsapprovedbytheMLS.M«"»u"s dr.u 31.ATTORNEY FEES:In any action,proceeding,or arbitration between Buyer and Seller arising out of this Agreement,the prevailing in^aTagrapt 28A *^reaS°nable att°meyS fees and costs from the "on-prevailing Buyer or Seller,except as provided 32.ASSIGNMENT:Buyer shall not assign all or any part of Buyer's interest in this Agreement without first having obtained the written consent rPiipfeRniUrCnfCR0nSe,I.?0t b6 unreasonab|y withheld unless othe™se agreed in writing.Any total or partial assignment shall not33^l^^^lS&^-Sf^"^th'S A9reement unless othe™se agreed in writing by Seller (C.A.R.Form AOAA).2"tppmq ampP?nMnmSSI JSTlL™Pr0pert)f 'S S°'d in comP|iance with federal,state and local anti-discrimination Laws.34.TERMS AND CONDITIONS OF OFFER:This is an offer to purchase the Property on the above terms and conditions TheliquidateddamagesparagraphorthearbitrationofdisputesparagraphisincorporatedinthisAgreementifinitialedbyallPartiesorifincorporaedbymutualagreementinacounterofferoraddendum.If at least one but not all Parties initial,a counter offer isrequireduntilagreementisreached.Seller has the right to continue to offer the Property for sale and to accept any other offer atanytimepriortonotificationofAcceptance.Buyer has read and acknowledges receipt of a Copy of the offer and agrees to theconfirmationofagencyrelationships.If this offer is accepted and Buyer subsequently defaults,Buyer may be responsible forpaymentofBrokerscompensation.This Agreement and any supplement,addendum or modification,including any Copy may be Signed in two or more counterparts,all of which shall constitute one and the same writinq35.TIME OF ESSENCE;ENTIRE CONTRACT;CHANGES:Time is of the essence.All understandings between the Parties areincorporatedinthisAgreement.Its terms are intended by the Parties as a final,complete and exclusive expression of theirAgreementwithrespecttoitssubjectmatter,and may not be contradicted by evidence of any prior agreement or contemporaneousoralagreement.If any provision of this Agreement is held to be ineffective or invalid,the remaining provisions will nevertheless beg.ven full force and effect.Except as otherwise specified,this Agreement shall be interpreted and disputes shall be resolved inaccordancewththeLawsoftheStateofCalifornia.Neither this Agreement nor any provision in it may be extended,amended modified,altered or changed,except inwriting Signed by BuyerandSeller 36.DEFINITIONS:Asused in thisAgreement: A."Acceptance"means the time the offer or final counter offer is accepted in writing by aParty and is delivered to and personally received by the other Party or that Party's authorized agent in accordance with the terms of this offer or a final counter offerB.Agreement means this document and any counter offers and any incorporated addenda,collectively forming the bindinq agreement between the Parties.Addenda areincorporated only when Signed by all Parties n l'£'.A'R"^?rm"meanS the m0St CUrrent versi0n of the specific form referenced or another comparable form agreed to by the partiesD.Close OfEscrow"means thedate thegrant deed,orother evidence oftransfer oftitle,isrecorded E."Copy"means copy by any means including photocopy,NCR,facsimile and electronic F."Days"means calendar days.However,after Acceptance,the last Day for performance of any act required by this Agreement(including Close Of Escrow)shall not include any Saturday,Sunday,or legal holiday and shall instead be the next Day G.Days After means the specified number of calendar days after the occurrence of the event specified not counting thecalendardateonwhichthespecifiedeventoccurs,and ending at 11:59 PM on the final day H."Days Prior"means the specified number of calendar days before the occurrence of the event specified not countinq the calendar date on which the specified event is scheduled to occur. I."Deliver","Delivered"or "Delivery",unless otherwise specified in writing,means and shall be effective upon-personal receipt by Buyer or Seller or the individual Real Estate Licensee for that principal as specified in the section titled Real EstateBrokersonpagel1,regardless of the method used (i.e.,messenger,mail,email,fax,other). J."Electronic Copy"or "Electronic Signature"means,as applicable,an electronic copy or signature complying with California Law.Buyer and Seller agree that electronic means will not be used by either Party to modify or alter the content or inteqrity of this Agreement without the knowledge and consent ofthe other Party. K."Law"means any law,code,statute,ordinance,regulation,rule or order,which is adopted by a controlling city county state or federal legislative,judicial orexecutive body oragency. L."Repairs"means any repairs (including pest control),alterations,replacements,modifications or retrofitting of the Property provided for under this Agreement. M."Signed"means either a handwritten or electronic signature on an original document,Copy or any counterpart 37.EXPIRATION OF OFFER:This offer shall be deemed revoked and the deposit,if any,shall be returned to Buyer unless the offer isSignedbySellerandaCopyoftheSignedofferispersonallyreceivedbyBuyer,or by who is authorized to receive it,by 5:00 PM on the third Day after this offer is'signed by Buyer (or by I [AM/I IPM on July 6,2020 (date)).^ •One or more Buyers is signing the Agreement in a representative capacity and not for him/herself as an individual See attached Representative Capacity Signatu/e Disclosure (C.A.R.Form RCSD-B)for additional terms. Date 06/25/202°1021 AMPDT Rl JYFR v (Print name)Er/7ca Rodriguez,or Assignee Date BUYER (Print name)Buyer will form LLC prior toCOE •Additional Signature Addendum attached (C.A.R.Form ASA). VLPA REVISED 12/18 (PAGE 10 OF 11)seller's Initials (x )( VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 10 OF 11) Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.ziDLoaix.com Vacant Lots, Property Address:Lots 188.19,frontage on Buena Vista Ave,Spring Valley,CA 91977 Date:June 24,2020 38.ACCEPTANCE OF OFFER:Seller warrants that Seller is the owner oftheProperty,orhastheauthority toexecute this Agreement. Seller accepts the above offer and agrees to sell the Property on the above terms and conditions,and agrees to the above confirmation of agency relationships.Seller has read and acknowledges receipt of a Copy of this Agreement,and authorizes Broker to Delivera Signed Copy to Buyer. 0 (If checked)SELLER'S ACCEPTANCE IS SUBJECT TO ATTACHED COUNTER OFFER (C.A.R.Form SCO or SMCO)DATED: |x|One or more Sellers is signing the Agreement in a representative capacity and not for him/herself as an individual.See attached Representative Capacity Signature Disclosure (C.A.R.Form RCSD-S)foradditionalterms. Date SELLER X (Printname)Otay WaterDistrict Date SELLER (Print name) •Additional Signature Addendum attached (C.A.R.Form ASA). (/)(Do not initial ifmaking a counter offer.)CONFIRMATION OF ACCEPTANCE:ACopy of Signed Acceptance was (Initials)personally received by Buyer orBuyer's authorized agent on(date)at UAM/[J PM.A binding Agreement is created when a Copy of Signed Acceptance is personally received by Buyer or Buyer's authorized agent whether or not confirmed in this document.Completion of this confirmation is not legally required in order to create a binding Agreement; it is solely intended to evidence the date that Confirmation of Acceptance has occurred. REAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B.Agency relationships are confirmed as stated in paragraph 2. C.If specified in paragraph 3A(2),Agentwhosubmittedthe offer forBuyeracknowledgesreceiptofdeposit. D.COOPERATING (BUYER'S)BROKER COMPENSATION:Seller's Broker agreesto pay Buyer's Broker and Buyer's Broker agrees to accept, out ofSeller's Broker's proceeds inescrow, the amount specified in the MLS,provided Buyer's Broker is a Participant of the MLS in which the Property is offered for sale ora reciprocal MLS.If Seller's Broker and Buyer's Broker are notboth Participants ofthe MLS,ora reciprocal MLS,in which the Property is offered forsale, then compensation mustbe specified in a separate written agreement (C.A.R.Form CBC).Declaration ofLicense and Tax (C.A.R.Form DLT)maybe used to document thattax reporting will be required or that an exemption exists. E.PRESENTATION OF OFFER:Pursuant to Standard of Practice 1-7,ifBuyer'sBrokermakes a written request, Seller's Broker shall confirm in writing that this offer has been presented to Seller. Buy^&fi^rage^rm-Axw Re^fEstate Group,Inc.DRE Lie.#01811584 By ^""-v*^ljuum Carlos Aguilar DRE Lie.#00577789 Date 06/25/2020 11:24 AM PPT By DRE Lie.#Date Address 1450FrazeeRd. Suite 303 City San Diego State CA Zip 92108 Telephone (619)743-4118 Fax (888)317-1496 E-mail Carlos@AxiaSD.com Seller's Brokerage Firm Pacific Coast Commercial DRE Lie.#01209930 By Vincent Provenzano DRE Lie.#Date By DRE Lie.#Date Address 10721 Treena StSte 200 City San Diego State CA Zip92131-1016 Telephone Fax E-mail vince@j3acificcoastcommercial.com ESCROW HOLDER ACKNOWLEDGMENT: Escrow Holder acknowledges receipt ofa Copy ofthis Agreement,(if checked,•a deposit in theamount of$), counter offer numbers []Seller's Statement ofInformation and and agrees to act as Escrow Holder subject to paragraph 26 of this Agreement,any supplemental escrow instructions and the terms of Escrow Holder's general provisions. Escrow Holderis advised that the date ofConfirmationofAcceptance ofthe Agreement as between Buyerand Seller is EscrowHolder Escrow# By Date Address Phone/Fax/E-mail Escrow Holder has the following license number # J Department of Business Oversight,Q Department of Insurance,[]Department of Real Estate. PRESENTATION OFOFFER:()Seller'sBroker presentedthisoffer toSelleron (date). Brokeror Designee Initials REJECTION OF OFFER:( )( )No counteroffer is beingmade.Thisofferwas rejectedbySelleron (date). Seller's Initials ©1996- 2018, CaliforniaAssociation of REALTORS®,Inc. United States copyright law (Title17 U.S. Code) forbids the unauthorized distribution,display and reproduction of this form, or any portion thereof, by photocopy machine or any other means,including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BYTHE CALIFORNIA ASSOCIATION OF REALTORS®(CAR.).NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION.A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS.IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULTAN APPROPRIATE PROFESSIONAL. Published and Distributed by:Buyer's Acknowledge toStirage 11 is part ofREALESTATEBUSINESSSERVICES,LLC.this Agreement (X Z-PJP )( ) a subsidiaryof the CALIFORNIAASSOCIATION OF REALTORS® 525 South Virgil Avenue,Los Angeles,California 90020VLPAREVISEDT2/18 (PAGE 11 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 11 OF 11) Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com Vacant Lots, A California BUYER'S VACANT LAND ADDITIONAL INSPECTION ASSOCIATION OF REALTORS ADVISORYVOFREALTORS*(C.A.R.Form BVLIA,11/13) Property Address:Lots 188.19 ,frontage on Buena Vista Ave,Spring Valley,CA 91977 ("Property"). tTZ?*l^l °c ^R0PoRTlY INVESTIGATI0N:Th«Physical condition of the land and improvements being purchased is notguaranteedbyeitherSellerorBrokers.For this reason,you should conduct thorough investigations of the Property personally and withST*Pn°n rt°Uld P;0V,der«en rhe?°rts of their investigations.Agenera,physical inspection typically does no^ove^ fX inJp,tt^n Vn,°HltemS affeCtmg thf Pr°Perty th3t are n0t Physica,,y located on the ProPertV-'f the professionals recommendfurtherinvest.gat.ons,including arecommendat.on by apest control operator to inspect inaccessible areas of the Property you shouldcontactqualifiedexpertstoconductsuchadditionalinvestigations.Additionally,some inspections,such as those listed below may beofparticularimportancewhenpurchasingvacantland.y !f'thBU.YEF!"'^JS^D DuuT|ES:You have an affirmative duty to exercise reasonable care to protect yourself,including discoveryofthelegal,practical and technical implications of disclosed facts,and the investigation and verification of information and facts that p™o?r,f0r are Wlth'n V°uur dill'gent mention and observation.The purchase agreement gives you the right to investigate theProperty.If you exercise this right,and you should,you must do so in accordance with the terms of that agreement This is the bestwayforyoutoprotectyourself.It is extremely important for you to read all written reports provided by professionals and to discuss theresultsofinspectionswiththeprofessionalwhoconductedtheinspection.You have the right to request that Seller make repairscorrectionsortakeotheractionbaseduponitemsdiscoveredinyourinvestigationsordisclosedbySeller.If Seller is unwilling orunabetosatisfyyourrequests,or you do not want to purchase the Property in its disclosed and discovered condition you have therighttocanceltheagreementifyouactwithinspecifictimeperiods.If you do not cancel the agreement in atimely and proper manner you may be in breach of contract.¥v W| ?"SEl!',L:ER.RluGHTS AND DUTIES:Seller is required to disclose to you material facts known to him/her that affect the value ordesirabilityoftheProperty.However,Seller may not be aware of some Property defects or conditions.Seller does not have anobligationtoinspectthePropertyforyourbenefitnorisSellerobligatedtorepair,correct or otherwise cure known defects that aredisclosedtoyouorpreviouslyunknowndefectsthatarediscoveredbyyouoryourinspectorsduringescrow.The purchase agreementobligatesSellertomakethePropertyavailabletoyouforinvestigations. D;^R°KER 0BLIGATI0NS:Brokers do not have expertise in all areas and therefore cannot advise you on many items such as soilstability,geologic or environmental conditions,hazardous or illegal controlled substances,structural conditions of the foundation orotherimprovements,or the condition of the roof,plumbing,heating,air conditioning,electrical,sewer,septic,waste disposal or othersystemTheonlywaytoaccuratelydeterminetheconditionofthePropertyisthroughaninspectionbyanappropriateprofessionalselectedbyyou.If Broker gives you referrals to such professionals,Broker does not guarantee their performance.You may select anyprofessionalofyourchoosing.If you have entered into a written agreement with a Broker,the specific terms of that agreement will determine the nature and extent of that Broker's duty to you.YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION Ao^=iToABIUTY °F ALL ASPECTS 0F THE PROPERTY.IF YOU DO NOT DO SO,YOU ARE ACTING AGAINST THE ADVICE OFBROKERS. E.YOU ARE ADVISED TO CONDUCT INVESTIGATIONS OF THE ENTIRE PROPERTY,INCLUDING,BUT NOT LIMITED TO THE FOLLOWING: 1.FINANCE:Financing the purchase of vacant land finance and especially financing construction loans for the improvementofvacantlandcanprovideparticularchallenges,including subordination agreements and insurance requirements Buyer isadvisedtoseektheassistanceofreputablelendersinassistancewiththeirdecisionsregardingfinancingoftheproperty. 2.CONSTRUCTION COSTS:If Buyer is contemplating building improvements on the property,Buyer is advised that they willhavetocontactdirectlyanycontractors,service providers,suppliers,architects,utility companies regarding the costs ofimprovements.Buyer is advised to get written bids from all such persons regarding their decision to develop the property. 3.UTILITIES:Unimproved property may or may not have utilities available to the property.Buyer(s)is advised to obtain information from the public or private utility provider about the availability and cost of providing utilities to the property and whether necessary easements arein place toallow such utilities to the property. 4.ENVIRONMENTAL SURVEY:Unimproved land may have had or may have hazardous materials stored upon or under the land or been used by persons engaged in activities exposing the land to hazardous materials.The land may also be host toprotectedvegetationoranimallife.Buyer(s)is advised to satisfy themselves as what hazards or protected plant or animal life are on the property and what impact they may have on Buyer's future plans for the property by seekinq the help of a qualified professional. Buyer's Initials (CjCf)( )Seller's Initials ( )( ) ©2013,California AssociationofREALTORS®,Inc. BVLIA 11/13 (PAGE 1 OF 2) BUYER'S VACANT LAND ADDITIONAL INSPECTION ADVISORY (BVLIA PAGE 1OF 2) Axia Real Estate Group,Inc.,1450 Frazee Rd.Suite303 San Diego CA 92108 Phone 5,97434,,8 Fax 8883,7,496 carios Aguilar Produced with zipForm®by zipLogix 18070 Fifteen Mile Road.Fraser,Michigan 48026 www.zipLoaix.com <h Property Address:Lots 188.19 .frontage on Buena Vista Ave ,Spring Valley,CA 91977 Date:June 24,2020 h^Lrn h "AZARDS REP0RTS:Buyer(s)is advised that while certain disclosures are required by state,federal and local laws Buver ifSSSJt^^T -Pr°Vi?e additi°na'disdosures for both natural and man-made hazards or nuisances for acost'buyer-ma!rtSSft obtain 'n3tUra'haZ3rdS rep0rtin9 C°mpany reQarding additl'°nal rep0rts and disclosures that SMaBnTI%°tlTh^HEHPHRPPHRTY:!f B7er,S P'anS inC'Ude future subdivision of the property (whether under the SubdivisionMapActoftheSubdividedLandsLaw)multiple,complex issues regarding city,county,state,and federal laws may be presented req'iremento0"9"******^°f Ca'if°mia ,ega'C°UPSel fami'ia"With federal'state and ,ocal SSSSSi nZJ TJ acknowledge and agree that Broker:(i)Does not decide what price Buyer should pay or Seller should accept-(ii)Does not guarantee the condition of the Property;(iii)Does not guarantee the performance,adequacy or completeness ofinspections,services,products or repairs provided or made by Seller or others;(iv)Does not have an obligation to conduct aninspectionofcommonareasorareasoffthesiteoftheProperty;(v)Shall not be responsible for identifying defers on theProperty,in common areas,or offs.te unless such defects are visually observable by an inspection of reasonably accessible areas ueoi pZTi ar>%khTn !°KBr°ker;(Vi)K,Sh,a"n0t be reSP°nSible f°r inspeCting public ™or permS KmK tU.e oruseofProperty(vii)Shall not be responsible for identifying the location of boundary lines or other items affecting title (viii)Shall latino responsibk;for.verifying square footage,representations of others or information contained in Investigation reports Multiple ™Z„n 'VTT"15'flyerS °r °ther promotional material=M Shall not be responsible for providing legal or tax adviceregardinganyaspectofatransactionenteredintobyBuyerorSeller;and (x)Shall not be responsible for providing other advice orinformationthatexceedstheknowledge,education and experience required to perform real estate licensed activity Buyer andSelleragreetoseeklegal,tax,insurance,title and other desired assistance from appropriate professionals. By signing below,Buyer and Seller each acknowledge that they have read,understand,accept and have received a Copy ofthisAdvisory.Buyer is encouraged to read itcarefully.My SELLER Otay WaterDistrict Date SELLER Date BUYER £rita rZrdrujuefr irr jjggWg Erika Rodriguez, or Assignee V Date 06/25/2020 10:21 AM PDT BUYER Buyer will form LLCprior to COE Date fnfnnrtinnS^fhfnS °f REAL™RS®'lnc J***States WW*law (Title 17 U.S.Code)forbids the unauthorized distribution,display and reproduction of this form oranyportionthereof,by photocopy machine orany other means,including facsimile orcomputerized formats Inl,frR™H^-S BEEN APPR0VED BY THE CALIFORNIA ASSOCIATION OF REALTORS®(CAR).NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR™TY5 ANY PROVISION IN ANY SPECIFIC TRANSACTION.AREAL ESTATE BROKER IS THE PERSONI QUALIFIED TO ADVISE ON^EAL ES^FTRANSACTIONS.IF YOU DESIRE LEGAL OR TAX ADVICE,CONSULT AN APPROPRIATE PROFESSIONAL ^tKbUN UUALINbD TO ADVISE ON REAL ESTATE IserTa R^O^^LTC^^rSSS^^^1°^an a9rehement J*»PUrCh3Se fr°m the Calif0m,a Association °f REALTORS®.It is not intended to identify thesubscribetoteCodeofEtMcsreg.stered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS®who Published and Distributed by: REAL ESTATE BUSINESS SERVICES,LLC. a subsidiary of the CaliforniaAssociation of REALTORS® 525 South Virgil Avenue, LosAngeles, California90020 BVLIA 11/13 (PAGE 2 OF 2) BUYER'S VACANT LAND ADDITIONAL INSPECTION ADVISORY (BVLIA PAGE 2OF 2) Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLooix com Vacant Lots, & A C A L I FORNI A association CALIFORNIA CONSUMER PRIVACY ACT ADVISORY^OF REALTORS •(C.A.R.Form CCPA,12/19) As of January 1,2020,the California Consumer Privacy Act (commencing with Civil Code §1798.100)("CCPA")grants to California residents certain rights in their private,personal information that is collected by companies with whom they do business.Under the CCPA,"personal information"is defined broadly to encompass non-public records information that could reasonably be linked directly or indirectly to you,including,potentially,photographs oforsales information about your property.Some of your personal information will be collected and likely shared with others during the process of buying and selling real estate.Depending on the situation,you may have the right to "opt out"or stop the transfer of your personal information to others and request that certain businesses delete your personal information altogether.Not all businesses you interact with are required to comply with the law,primarily just those who meet the criteria ofa covered "Business"as setforth in Section 1798.140 (c)].For more information,you may ask your Broker for a copy of the CAR Legal Q&A on the subject. Areal estate broker is likely to submit personal information to a Multiple Listing Service ("MLS")in order to help find a buyer for a seller's property.Through the MLS,the information is made available to real estate brokers and salespeople, and others.Even after a sale is complete,the MLS distributes sales information to the real estate community.Brokers, agentsand MLSs may alsoshare your personal information with others who postthe personal information on websites or elsewhere,or otherwise use it.Thus,there are various service providers and companies in a real estate transaction who maybe engaged in using or sharing data involving yourpersonal information. If your broker is a covered Business,it should have a privacy policy explaining your rights on its website and giving you an opportunity to request that personal information not be shared,used and even deleted.Even if your real estate brokerage is a covered Business,it needs,and is allowed,to keep your information to effectuate a sale and,by law,is required to maintain such information for three years to comply with regulatory requirements.Not all brokers are covered Businesses,however,and those thatare not,do nothaveto comply with the CCPA. Similarly,most MLSs will not be considered a covered Business.Instead,the MLS may be considered a Third Party in the eventa covered Business (ex:brokerages,real estate listing aggregation or advertising internet sites orotheroutlets who meet the criteria of covered Businesses)exchanges personal information with the MLS.You do not have the right under the CCPA to require a Third Party to delete your personal information.And like real estate brokerages,even if an MLS is a covered Business,MLSs are also required by law to retain and make accessible in its computer system any and all listing and other informationfor three years. Whether an MLS is a covered Business ora Third Party,you have a right to be notified about the sharing of your personal information and your right to contact a covered Business to opt out of your personal information being used,or shared with Third Parties.Since the MLSs and/or other entities receiving your personal information do not have direct contact with buyers and sellers and also may not be aware of which entities exchanging personal information are covered Businesses,this form is being used to notify you ofyour rights under the CCPA and your ability to direct requests to covered Businesses not to share personal information with Third Parties.One way to limit access to your personal information,is to inform your broker orsalesperson you want to opt-out of the MLS,and if so,you will be asked to sign a document (Form SELM)confirming your request to keep your listing off the MLS.However,if you do so,it may be more difficult to sell your property or obtain the highest price for it because your property will not be exposed to the greatest number of real estate licensees and others. I/we acknowledge receiptof acopy of this California Consumer Privacy Act Advisory. Buyer/Seller/Landlord/Tenant ^ih.RfdrUjItefr FT ^SUjfiee *?Date 06/25/202010:21 am pdt Erika Rodriguez,or Assignee Buyer/Seller/Landlord/Tenant Date Buyer will form LLC priorto COE ©2019,California Association ofREALTORS®,Inc.United States copyright law (Title 17 U.S.Code)forbids the unauthorized distribution,display and reproduction ofthis form,orany portion thereof,by photocopy machineoranyothermeans,including facsimile orcomputerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®.NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION.A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGALOR TAXADVICE,CONSULT AN APPROPRIATE PROFESSIONAL. This form ismade available toreal estate professionals through anagreement with orpurchase from the California Association of REALTORS®.It isnot intended to identify the useras a REALTOR®.REALTOR®isa registeredcollective membershipmarkwhich maybe used onlybymembersofthe NATIONAL ASSOCIATION OFREALTORS® who subscribe to its Code of Ethics. Published and Distributed by: REAL ESTATE BUSINESS SERVICES,LLC. a subsidiary ofthe CALIFORNIA ASSOCIATION OF REALTORS® 525 South Virgil Avenue, LosAngeles,California 90020 CCPA 12/19 (PAGE 1 OF 1) CALIFORNIA CONSUMER PRIVACY ACT ADVISORY (CCPA PAGE 1 OF 1) AxiaRealEstateGroup,Inc.,1450FrazeeRd.Suite303San DiegoCA92108 Phone:6197434118 Fax 8883171496CarlosAguilarProducedwithzipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.ziDLoaix.com &