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HomeMy WebLinkAbout2018-1531 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Narrative for Site No. 30 N. "J" Street, San Bernardino (APN 0144-131-36) Excerpted from the Long -Range Property Management Plan (Pages 148-151) (See Attachment) 0 EXHIBIT "A" Site No. 30: Vacant N. "J" Street Residential Property #2 Address: N. "J" Street APN.• 0144-131-36 i - •F, r �ti r 148 V. Property to be Sold Site No. 30 - Vacant N. "J" Street Residential Property #2 Successor Agency to the Redevelopment Agency of the City of San Bernardino Long -Range Property Management Plan September 2015 Amende ember 2015 Site No. 30: Vacant N. "J" Street Residential Property #2 Address: N. "J" Street APN.• 0144-131-36 i - •F, r �ti r 148 V. Property to be Sold Site No. 30 - Vacant N. "J" Street Residential Property #2 Successor Agency to the Redevelopment Agency of the City of San Bernardino Long -Range Property Management Plan September 2015 mber 2015 Site No. 30: Vacant N. "J" Street Residential Property #2 A. Permissible Use (HSC 6 34191.5 (c) (2)): Site No. 30 is the Vacant N. "J" Street Residential Property 42 (the "Vacant Residential Property 42") and is proposed to be sold by the Successor Agency. B. Acquisition ofProperty (HSC S 3419L5 (c) (1) (A) and .$ 34191.5 (c) (1) (B)): Property records indicate that the Vacant Residential Property #2 was acquired by the Agency in February 1994, and carries a Book Value of $10,150. The Vacant Residential Property #2 was acquired by the Agency in order to meet the revitalization goals of City and the Agency to alleviate the existence and spread of physical and economic blight. The estimated current value (the "ECV") of the Vacant Residential Property #2 is approximately $16,400. C. Site Information (USC.6 34191.5 (c) (1) (C)): The Vacant Residential Property #2 consists of one (1) 0.11 -acre parcel (APN 0144-131-36) located at southeast corner of "J" Street and 17"' Street. The Vacant Residential Property #2 is zoned Residential Suburban (RS). The RS designation is intended to promote the development of single-family detached units in a suburban setting with a minimum lot size of 7,200 square feet, and a maximum density of 4.5 units per net acre. D. Estimated Current Value (HSC�1? 34191.5 (c) (1) (D)): To determine an ECV for the Vacant Residential Property #2, in January 2015, the Agency conducted a comparable sales analysis through the National Data Collective. The ECV was determined to be approximately $16,400. Local factors were not taken into consideration in determining the ECV of this site. The ECV is only a rough estimate that was obtained from an on-line source where only comparable sales data are available. It is not possible to include environmental issues or any other special or unique factors into simple ECV calculations, as such data are not available from the source. Therefore, the actual value of the property may vary significantly from the ECV. The Successor Agency notes that in the environment of AB 1484, it may not be possible to achieve appraised values. The Successor Agency will be in charge of the process seeking to achieve successful marketing of properties, and will act with reasonable diligence. However, the constraints and environment of AB 1484 militate against maximizing prices. The actual sales prices to be realized will be a function of what a willing buyer is willing to pay under circumstances where there will be no seller financing and dispositions will be subject to Oversight Board approval. There is no reason to think that book values will be realized. E. Site Revenues (HSC.6 3419L5 (c) (1) (E)): There are no site revenues generated from the Vacant Residential Property #2. F. Histo" o 'Environmental Contamination HSC 34191.5 e 1 (F)): There is no known history of environmental contamination.36 3e h :i eotracker.waterboards.ca. ov/ma 1?CMD=runr ort&m address=J+St+and+17th+St+San+Bemardino 149 V. Property to be Sold Site No. 30 - Vacant N. `J" Street Residential Property 92 Successor Agency to the Redevelopment Agency of the City of San Bernardino Long -Range Property Management Plan September 2015 Amended December 2015 Site No. 30: Vacant N. "J" Street Residential Property #2 G. Potential (or Transit Oriented Development (TOD) and the Advancement o1'Planninf., Objectives of the SuccessorAeency (HSC,$ 34191.5 (c) (1) (G)): There is no potential for a TOD in conjunction with Vacant Residential Property #2. Selling the Vacant Residential Property #2 advances the planning objectives of the Successor Agency and the City to develop and revitalize this area of the community through the creation of opportunities for private investment in the City. H. Histon- of Previous Development Proposals and Activit} (HSC § 34191.5 (c) (1) (ll)): There is no history of previous development proposals or activities in conjunction with the Vacant Residential Property #2. L Disposition of Proper: The Successor Agency proposes to sell the Vacant Residential Property #2 in accordance with the Successor Agency's policies and procedures for property disposition as shown in Exhibit "A" Section I. Purchase and Sale Procedures. The ECV of the Vacant Residential Property #2 is approximately $16,400. Date of estimated current value — January 2015 Value Basis — The ECV was determined by a comparable sales analysis using the National Data Collective subscription service. The ECV is approximately $16,400. Local factors that may affect land value were not taken into consideration. Therefore, the actual value of the property may vary greatly from the ECV. The ECV is only a planning number and should not be relied upon as a basis for actual value. Proposed sale date — TBD and subject to the Successor Agency's implementation of its policies and procedures for property disposition as shown in Exhibit "A." Proposed sale value — TBD and subject to a fair market appraisal conducted by a licensed appraiser. The Successor Agency notes that in the environment of AB 1484, it may not be possible to achieve appraised values. The Successor Agency will be in charge of the process seeking to achieve successful marketing of properties, and will act with reasonable diligence. However, the constraints and environment of AB 1484 militate against maximizing prices. The actual sales prices to be realized will be a function of what a willing buyer is willing to pay under circumstances where there will be no seller financing and dispositions will be subject to Oversight Board approval. There is no reason to think that book values will be realized. 150 V. Property to be Sold Site No. 30 - Vacant N. 'T' Street Residential Property 42 Successor Agency to the Redevelopment Agency of the City of San Bernardino Long -Range Property Management Plan September 2015 ended December 2, Site No. 30: Vacant N. "J" Street Residential Property #2 J. Implementation of -the Lon Range Pro err y Management Plan: Following the approval of the LRPMP by the DOF, the Successor Agency will implement the LRPMP. For properties to be sold, implementation will include distribution of any land sales proceeds for enforceable obligations and/or distributed as property tax to the taxing entities. Due to the vagaries associated with the sale of land, such as uncertainties concerning the timing of sale and the price that would be realized, it is not feasible to precisely state in the LRPMP how the funds will be used. In that regard, once an agreement is reached with respect to the purchase and sale of a property, the agreement will be presented to the Oversight Board for concurrence. The Oversight Board's approval will be evidenced by a resolution that will be submitted to DOF and, per the HSC, is subject to DOF's review. That resolution will include or refer to a staff report which describes with greater particularity, once more facts are known, how the proceeds of sale will be distributed. As noted in Section I — Introduction of the LRPMP, the LRPMP provides that proceeds of the sale may be used for enforceable obligations and/or distributed as property tax to the taxing entities through the County Auditor -Controller. The need to retain some or all of the proceeds of sale for enforceable obligations will depend on whether there is a short -fall in RPTTF in the ROPS cycle during which the escrow is anticipated to close. If a short -fall were to occur in the RPTTF at that time, then all or a portion of the sale proceeds should be used to fulfill an enforceable obligation with any remaining sale proceeds then distributed as property tax to the taxing entities through the County Auditor -Controller. If there is not a short -fall in RPTTF at the time of close of escrow, then land sale proceeds would be distributed as property tax to the taxing entities through the County Auditor -Controller in a manner described at the time of Oversight Board approval as to a particular property sale. Since it is impossible to foresee when and if a short -fall in the RPTTF may occur, or when the property will be sold, the use of the sale proceeds cannot be specifically determined at this time and, therefore, cannot be stated with greater particularity in the LRPMP. However, it is clear that at the time a sale takes place, the sale will be brought back to the Oversight Board and will be subject to review. 151 V. Property to be Sold Site No. 30 - Vacant N. "J" Street Residential Property #2 11 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Jumping Frog Investments, LLC Offer March 23, 2018 (See Attachment) 7 EXHIBIT "B" 4>C *A' 11 F (DRM11N D1:I C7�. U1 RE-RE-IMMUMM, ASSOCIATION REALL-E'5TAT€E-AISEiiiQ'TR AC,THC� ILHP lw OF R E A L T O R S" (Selling Firm to Buyer) Ir (As required by the Civil Code) (C.A.R. Form AD, Revised 12114) (If checked) This form is being provided in connection with a transaction for a leasehold interest exceeding one year as per Chi* Code section 2979. 13(k) and (m): When, ypw enter ihtb, a, discussion with a real estate agent regarding a real estate transaction, you should from the outset understand whattty, eoffagency,relatfonship,or representation you wish to have with the agent in the transactions SfflIIPFRnS�Ai7l XSbller'saagent:underaaistiny;agreement with the Seller acts as the agp0for the, Seller only-, &Seller's agent or a subagent of that agent has ttre.f6l1bWh7, affirmative°obligations: Tosthe,Sell6r, &FJfducWyAbtyvof=utmost care, integrity, honesty and loyalty ih,dealings with-the:Seller. Tutt& Buyeran&the Seller: (a)Diligent:exercise,of reasonable skilldand care in performance of tfieagenttsrdiatib% (b)A,duty of honestand4air dealing and good faith. (c)A dutytoAisdose:all fectsAnown to the agent materially a#fectingthe valbe:or desirabilitycf the property that are not known to, orwithin the diligent attention and' observation of, the parties: Anl agent ig not" obligated to reveal to either party any confidential information obtained' from1he other party -that does not involve the affimnatiVe duties set forth above. BUYERI's JKGt A selling agent can,: witty a, Buyer's consent,, agree to act as; agent for the Buyer only. in these: situations; the even if by, agreement the agent may, receive compensation for services. rend'ered either ins fulll or ini part from the a Buyer has the followingaffirmatnre obligations: Tor the Buyer. A fiduciary duty of utmost. care, integrity, honesty and loyalty, in, dealings with: the Buyer.. To the Buyer and the Seller. (a)Ddigent exercise of reasonable: skill and care in performance of the agent's duties. (b)A duty of honest and fair deal%ng and good faith.. (c)A duty to disclose all facts known to the agent materially affecting the value or desirability of the property the diligent attention and observation of, the parties. agent is not the Seller's agent, Seiler. An agent acting only for that are not known to,. or within 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. AGENT REPRESENTING BOTH SELLER AND BUYER A real estate agent, either acting directly or through one or more associate licensees, 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 Seller and 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, the agent may not, without the express permission of the respective party, disclose to the other party that the Seller will accept a price less than the listing price or that the Buyer will pay a price greater than the price offered. 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. Throughout your real property transaction you may receive more than one disdlosure ftarrm, depending upon the number of agents assisting in the transaction. The law requires each agent with whom you have more than a rasuail relationstilp to present you with this disclosure form. You should read its contents eacb tinge it is presented to you, considering t7e relationship between you and the real estate agent in your specific transaction. TMs ttftdtsure form includes the provisions of Sections 2079.13 to 2079.24, inclusive, of the Civil Code set forth on page 2. Read R _ OME ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRIM't1ED ON THE BACK JOR A SEPARATE PAGE). .X Buyer 7 Seller J'2 Landlord 0�Tenant Date m tments, LLC �4 Pm9� 9 Buyer T_� r3eller a Landlord f ] Tenant Date Merit Hilgenberg Realty Inc. _[BRE Lic. #.01417409 Real Estate Broker(fFimi) MI RE CUC.4111242139 Date (Salesperson mrBroker-Associate) Mh dth MidhaeldE ggen6arg Agency Disclosure Compliance (Civil Code §2079.14): -When the tasting brokerage company alsnnpreserits!$tyr7lTerrant lfhelLtingAyeritsllltuoneifurma;rgned by Seller/Landtord and a different AD form signed by Buyerrrenadt. • When SellellLandlord and Buyerrrenant areraWTmeritetitlydiifferentibMkerage<confparties:i(l)Fthel'lii$Wg/Ageritshall have one AD form signed by Se14edLandtord and (ii) the Buyees/Tenanft fterilt hdtlthanre:one /AD 'form �siiirtedibyl&}yetffemritrand(either that same or a different AD form: TresernedRo Smiler/Landlord for signatuEeMhDr topreserildtiona5fiftheroffer.11fth me1orrnia,used, SBillerrr 114",„1r n here: 5etter/LranHlor d Mate 4.%W L--andlorb Date ;The copy(ghtlaws:orlhe'_umtea states (Title rI u.s. code) forbid the unauthorized mproduclion:oftis form., or any thereof, by photocopy machine or -any other means. inducting#acsimile or computerized formats. Copyright®1991 201D, CALIFORNIA ASSOCIATION OF REALTORS@, INC. ALL RIGHTS RESERVED. AD REVISED 1214 (PAGE 1 OF 2) DISCLOSURE REGARDING REAL ESTATE ". Reviewed cal _ Date rnuar amsuc Keller Vi'illiams Really, 1473 Fad Street Ste 200 Redlands CA 92373 MOM- f9 A43-8585 Fax: N. a St. L. Fernandes Produced with ApForm® by zipLogix 18070 Fifteen Mie +Rmad, Freer, Mchigm 48028 wwwzmlooix.mm CIVIL ODE SECTIONS 2079.24 (2079.16 APPEARS ON THE FRONT) 2079.13 As used in Sections 2079.14 to 207924, lacluisnve, the -following terms .have the following meanings: (a) "Agent' means a:perso n,acting under pnhvistlmns of° Title 9 (Commencing with Section 2295) in a real property transaction, and includes a person who is licensed as a real estate brota uundleri Chapter 3 (commencing with Section 10130) of Part 1 of Division 4 of the Business and. Professions Code; and under whose license a listing is executed or an offer,16,Vrirehase is obiainedil (b)R "Associate licensee" means a person %vho is licensed as a real estate broker or salesperson under Chapter 3 (0ommencing with Seckn 101'30)fof t 1 of:Di4 of the -Business and Professions Code and who is either licensedundera broker or has entered into a written oontract with a brokeutbsa#tas.t tru:brokeft aegent1h i connection with acts requiring_ a real estate license and to function under the brokers supervision in the capacity of an Wmdate, lib ensee, The, agent in the real, property transaction.bears responsibility for his or her associate licensees who perform as.agenWofilhe agenti When air �tisenseeeowwa,duty°to any,,, principal, or to any buyer or seller who is not a principal, in a real property transaction; that duty is equiV ntitd7the ddc ,owed'tb)tti&pwty*lft�broker 1or.whom the associate licensee functions. (c) "Buyer" means a transferee in a real property transaction, and indud>;:s a:persrmriwho+executes=arrofntb)plumhase real;property from a seller through an agent, or who seeks the services of an agent in more than a casual; transiibi ,oupB&rrimary<manneL,,wdtittiie of (.Olkentbfing:into areal property transaction. "Buyer" includes vendee or lessee. (d) "Commercial i real property" means -, all @reaproperty, Uri ttlia?SI ,,exceptf.sffrgla3tamity,residential real property, dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 6,.mobilahomM.asalafsnedliirSgetionr7M31,os recreational vehicles, as defined in Section 799.29. (o) "Dual agent" meansan agent acting, either directly or through an ass odt llama;,asagwdt fbr botfnthe�sW[bv and-the°buyer in areal property transaction. (f) "Listmg,agreemeW means a contract between an owner of real property and an agpntt,bytwhitdtath�agentttaabeerrautltonzedto;sell the real: property or to find or obtaima;buyer. (0) kitting agent" "mean&wpersowwho has obtained a luting of real 6prop",tbiactilas3aniaglafrt[ti7s,=npen attibn: ((tly"ilisllirg price" is theamount expressed'irrdbllafs„specdied'ih.the listing fbrowhich the seller is.wi0ing to sellahe reafpmperiy throughi thw lltftagent. (it QfRarfhg�pribe'iii4he amount expressed in dollars.speafiad in am:etfarta purchase for which the buyer is willing to buy the resUproperty: ff'Offerrtthpurc hasef means a,wrilubriscontract executed by a buyeractiirg;throughsa,selliirg agent that.become&AInw,contract for the sale of the real property,upomaa nae-bpttieseilbr:,(14,'ReaFpFopeW'means any estate speciffed by? subdivisiora(h))or(2) ofSeclibir761 in. property, that constitutes or is improved with -an&ttrfourcdWeilingu .any,csrnmerciel(reatproperty, any leasehold in these: typee of'propertyr exceeding, one year's duration,, and mobllehomes, when offered for salai or Sold thrmuglir arm agent purisuan, fto the authority contained in Section1.0131.6fof'the;Egress=and'''PisufessJbns,C'odia., (f)"Real°p operty-transaction” means a pmplailly iimwhich arm agent is employed by one or more of the onscipalsto, act, in thattransactiwr and 'ihcludes>a listing or an offer to purchase. (",'SeIl4`%RIe;-er'Sok 'ref urs 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 buryer,, tan, flaefioris for the creation of a real property sales contract within the meaning of 'Section 2966, and transactions for the creation of a leasencid exceeding one= years; dirratiion. (s) 'Seller' means the transferor in a real property transaction, and includes an owner who lists real. property with an agent, whether or not a transfix' results, or who receives an offer to purchase real property of which he or she is the ovetef thorn an agent on behalf of another. "Seller"'Includes both a vendor and a lessor.. (o)"Selling agent" means a 115ting agent who ads alone, or an agent who ads in. cooperation with a listing agent, and who sells or finds and obfafns at buyer for the renal property, or an agent who locates property for a buyer or who funds a buyer for a property for which no listing exists and presents an, offer to purchase to the seller. (p) 'Subagent" means a person to wham an agent delegates agency powers as provided in Article 5, (commencing with Sectiarn 2349) of Chapter 1 of Title 9. however. `subagent7 does not include an associate licensee who =s acting under the supervision of an agent in a real property transaction. 2079.14 Listirig agents and selling agtrrds shall provide the seller and buyer In a real property transaction with a copy of the diisclosure form specified in Section 2079.16, and, except as provided in subdivision (c), shall obtain a signed acknowledgement of receipt from that seller or buyer, except as provided in this section or Section 2079.15, as follows: (a) The listing agent, if any, shall provide the disclosure form to the seller prior to entering into the rrs&ig agreement. (b) The selling agent shall provide the disclosure form to the seller as soon as practicable prior to presenting the seller with an offer to purchase, unless the selling agent previously provided the seller with a copy of the disclosure form pursuant to subdivision (a). (c) Where the selling agent does not deal on a face-to-face basis with the seller, the disclosure form prepared by the selling agent may be furnished to the seller (and acknowledgement of receipt obtained for the selling agent from the seller) by the listing agent, or the selling agent may deliver the disclosure form by certified mail addressed to the seller at his or her last known address, in which case no signed acknowledgement of receipt is requited. (d) The selling agent shall provide the disclosure form to the buyer as soon as practicable prior to execution of the buyer's offer to purchase, except that if the offer to purchase is not prepared by the selling agent, the selling agent shall present the disclosure form to the buyer not later than the next business day after the selling agent receives the offer to purchase from the buyer. 2079.15 In any circumstance in which the seller or buyer refuses to sign an acknowledgement of receipt pursuant to Section 2079.14, the agent, or an associate licensee acting for an agent, shall set forth, sign, and date a written declaration of the facts of the refusal. 2079.16 Reproduced on Page 1 of this AD fora. 2079.17 (a) As soon as practicable, the selling agent shall disclose to the buyer and seller whether the selling agent is acting in the real prop" transaction exclusively as the buyer's agent, exclusively as the sellers agent, or as a 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 a separate writing executed or acknowledged by the seller, the buyer, and the selling agent prior to or rxsruddent with execution of that contract by the buyer and the seller. respectively. (b) As soon as practicable, the listing agent shall disclose to the seller whether the lisfing a" is akfq in the real property transaction exclusively as the seller's agent, or as a dual agent. representing both the buyer and seller. This relationship shag be confirmed in the cotthad to purchase and sell real property or in a separate writing executed aradcaowk0ged by the seller and the listing agent prior to or coincident with the exetxrbwh of ttiatcontract by the seller. (c) The confirmation repu2d by subdivisions (a) and M) shall be in the following farm. f00 NOT COMPLETE. SAMPLE ONLY) _ its the agent of (check one): 0 the seller exclusively, orE]txith the buyer and seller. (Name of Listing Agerd) TDO INOTICOMPLUE. SAMPLE (ONLY,) is the agent of (check one): [! the buyere:xckbsividly; ar ]Itlhe seller exulusively; ;or (Name ofSelfngAgent Windt fthesameras heil IPgerit) ❑ both t1he(buyarandse'Iler. (d) The disclosures and corrBrmationcre>auiredIto yltiissedtionshaillibe in addition to the disclosurelreguirediby Sedtion20 9.14. 2079.19 No selling agent in areal property transaction may ad as ansagentifarithelbyyeronly, when thesellipgzgeoitiisd�o, irgtastlhelJisfirtgrpgeefti"in(theifransactinn. 2079.19 The payment of compensation or the obligation to pay,corripensation 1o:an agent by the seller(orlbufyer!is rn itinea ailtyrlWorFriind6vel(uf a patticilar agency relationship between an agentand the seller or buyer. Al listing agent'and�als011i1g,agerit,moyinwitoarmpartyramntenaMmMT(ZDMmissianipaid,nor any right to any compensation or commission fnrwhirh an obligation aluses:asitire�sesaltt dfralnaail:estate(transalstion,rartdttheft<agyrrtretitshll not necessarily be determinative of a particular relationship. 2079.20 Nothing in this article prevents an agent from selecting, aslaicondition rofithe agent's emptoymerit.aa spedfic4fomcdfaigerrcyrrolatiarrsHjpsurdi padificslly prohibited by this article If the requirements of Section 2079.14 arid': CAL I F O R N I A VACANTLAND ' WASE*'AGREEMENT ASSOCIATION A ND�J_® NT CRO -WA �"iff��4 CTIU� NS � A OF REALTORS`'' We (C:'A.RIlrarm]VUPX, Rbvised IZH i), Date Prepared: March 21, 2018 1. OFFER: & THIS IS AN OFFER FROM lumping,11Fig1nuestfienia,,LLC- ('Buyerl); 113 THE REAL PROPERTY to be acquired is 0)NI 9Sfrewf situated iiu San Bernardino (City), San Bemardinn (C unt(r,� ,C(, ii mi3 . 92`0M (Zip Coda) Assessor's Parcel No. 01441311360000, rWap",-); Further Described As C. THE PURCHASE PRICE offered is For#1+41housand7 Dollars $40,000.00 D. CLOSE OF ESCROW shall occur on (dbte))(Or t% 15 Days After Acceptance). E. Buyer and Seller ars referred to herein as-the"P anis:''Eroiter-,are�notZPartdes,torthi&Agreement. Z AGENCY: A\, DISCLOSURE: The Parties eacf5),a¢Itnovrliadgp?r? ipitat ai [ "Diselbsure Regarding! Reatl Estate Agency/ RTielkddnshijW," (C.A.R. Form AD). R.. CONFIRMATION: The following agency relationships are hereby confirmed for this transaction: Lasting Agent KELLER WlLUAMS REALTY (Print Firm Name) is the agent of (Oieck orae): �X the Seller exclusively ;;or°i; ibothi the, Bayer; and Seller:, Selling Agent N#0 , Realty, kik (Print Firm Name) (if not: the same, as the,. Listing Agent) is the agent of (check one): _ the Buyer exclusively; or 111 e Seller exclusively; or.] both the Buyer an, Seller;.. C. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a IX, "Possible Representatkm of More than One Buyer or Seller - Disclosure and Consent' (CA.R. Form PRBS). 3. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. A. INITIAL DEPOSIT: Deposit shall be in the amount of ........................................ $ 3,000. (1) Buyer Direct Deposit: Ber shall deliver deposit directly to Escrow Halder by electronic funds transfer, C cashier's check, 9personal check, ❑ 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: Buyer shall deposit with Escrow Holder an increased deposit in the amount of ... $ within Days After Acceptance (or ). If the 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. TALL 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, Defier to Seller such verification. D. LOAN(S): (1) FIRST LOAN: in the amount of ..... . .............. _ ....... _................................ $ This loan will be conventional financing or DFHA, LjVA, --J�ller financing (C.A.R. Form SFA), -assumed financing (C.A.R. Form AFA), _7 subject to financing,!Other . This loan shall be at a fixed rate not to exceed % or, F- an adjustable ,rate loan with initial rate not to exceed %. Regardless of the type of loan, Buyer shall spay Ipoints not to exceed % of the loan amount. (2) 1 SECOND LOAN in the amount of......................................................................... $ This loan will he conventional financing or OSellerfinancing (CArR.IF.onn SFA) `assumed Ifrnancing (C.A.R. Form AFA), [ subject to financing I Other . This loan shall be at a fixed rate not to exceed % or, [1 an adjustable rate loan with linitial rate not to exceed %. Regardless of the type of loan, Buyer shall pay points not to exceed % of the loan amount. (3) FHAIVA: For any FHA or VA loan specW in 313(1), Buyer has '17((err _ �) Dpys /After/Acceptance to Deliver to Seller written notice (C-A.R. Form FVA) of any l-requiredirepairs or co6ts1th0tlBgyer requests Seller to pay for or otherwise correct. Seller has no obigation to paycor satisfy lender requirements unless agreed in writing. A FKA fXamendatoryzd1ause (CAR. Form FVAC),"[ be a part of this transaction. E. ADDITIONAL FINANCING TERMS: Buyeeslnitials ( .,. ) ( ) Seller's'initiais ( ) ( ) 1996-2015, Californta'Association of REALTORS®, Inc VLPA REVISED 12115 (PAGE 1 OF 11) VACANT LAND PURCHASE AGREEMENT VLPA PAGE 1 OF 11 Keller Williams Really. 1473 Ford Street Ste 200 Redlands CA 92373 Phone: (928)848-8585 Fax: N. J St. Lara Fernandez Produced with zi )Form@ by apLoga IW70 Fa teen Mile Road, Fraser, Michigan 48026 www.zioLoaix.rorL Property Address. 0 N J Street, San Bernardino.. CA 92411 _ _ _ Date: March 21, 2018 F. BALANCE OF DOWN PAYMENT OR PURCHASE PRICE in the amount of ...................... $ 37,00000 to be deposited with Escrow Holder pursuant to Escrow Holder instructions. G. PURCHASE PRICE (TOTAL); ........................................... .............. $ 40,000,00 H. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Buyer (or Buyer's ,len•der or loan broker pursuant to paragraph 3J(I)) shall, within 3 (or _J Days After Acceptance, Deliver to Seller written verification of Buyer's down payment and closing costs..(;'] Verification attached.) I. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (on Cis N{t7T) contingent upon a written appraisal of the Property bya&licensed or certified appraiser at no less than the purchase price: Buyer shall; as specified in paragraph 19B(3), iir:writing;.removethe appraisal contingency or cancel this Agreement within, 17 ((orr )) Days Ater Acceptance. JI 110A TERM&r (0)) It 9A►JI'PVJCA,vy7iI0 5'r\ Vithin 3 (or _) Days After Acceptance;, Buyer shaillDeliirer f6,Shcdr,a'I6tter from Buyer's lender or Ibam broker stating haat¢based on a review of Buyer's writtem applications and, credits. report; Buyer is prequalified or preapprioved for any NEW loan specified in paragraph 3D. If any Ilan specified inparagraphii3DJ&ani, adjustable rate loan, the prequalification or preapproval letter shall be based on the qualifying rata, not the initials loan rata. ((E Letter attached.) (2) LOAN CONTINGENCY: Buyer shall act diligently and in good faith i to, obtain, the designated lban(p)�, Buyer's qualification for the loan(s) specified above is a contingency of this Agreement unless of herwise,agreed i4iwiting.. If the is,no appraisal contingency or the appraisal contingency has been waived or removed,then failure. of the Pfopedyf to appraise- at the purchase price does not entitle Buyer to exercise the cancellation right pursuant to the loan contingency, if Buyer is otherwise qualified for the specified loan. Buyer's contractual obligations regarding deposit, balance of down payment and dosing costs are riot eordingencires of this Agreement. (3) LOAN CONTINGENCY REMOVAL: Within 21 (or _) Days After Acceptance, Buyer shall, as specified; iif paragraphs 19„ in vwrith%, remove the loan contingency or cancel this Agreement If there is an appraisal contingency„ mmoval of the ba in, contingency shall not be deemed removal of the appraisal contingency. (4) J NO LOAN CONTINGENCY: Obtaining any loan specified above is NOT a c:orrtirrcj;ncy of flus Agreement. If Buyer does not obtain the loan and as a result Buyer does mot purchase the Property, Self maybe eifited to Buyer's deposit or other legal remedies. (5) LENDER LIMITS ON BUYER CREDITS: Any credit to Buyer, from any source, for dosing or other costs that is agreed to by the Parfies ("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 dosing 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 dose escrow as specified in this Agreement. L. SELLER FINANCING: The following terms (or ❑ the terms specified in the attached Seller Financing Addendum) (C.A.R. Form SFA) apply ONLY to 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 Buyers credit report. Vlfithtn 7 (or ) Days After Acceptance, Buyer shall provide any supporting documentation reascnably requested by Seller. (2) TERMS: Buyer's promissory rote, deed of trust and other documents as applop�ate shail incorporate and implement the following additional n : (J) the maximum interest rate specified in paragraph 3D sha'I be the actual fixed interest rate for Seiler financing; (+j0c steed of bush shall coritEfm a REQUEST FOR NOTICE OF DEFAULT an seinior loans; (111J) Boyer shalt sign and pay for a RELt i S s FOR NOTTICE OF DELINQUENCY prior to Close Of Escrow and at anfyfitAu retime iii requested by Seiler, (iv) note and deed (oftt iL t shall coritaim an acceleration clause making the loan dJue, when ,perc> i by Ilaw, and at Seller's option, upon the sale ror itrans er bf the IPropedy for 2py interest in it; (v) note shall contain a slate dumpe bF( (of Ithie installment due (or the iinstallrnerd its indt irecetved Within ID days of the date due; ((AM itttle iinsurance coverage lin the Ifo sdf ajjoint protection policy shall be provided insuring Sellers deed of trust interest in the 'Pro per'ty+ ny increased fcog over �ownees policy shall be paid by Buyer); and (vii) tax service shall be obtained and paid for by Buyeritoinot y+ dIeriiflpropertyltaxes have not been paid. (3) ADDED, DELETED OR SUBSTITUTED BUYERS: The addition, ,deletion (or sdbatitution of any person or ertti(y, iunder this Agreement or to title prior to Close Of Escrow shall require ` eller's written «nsertt. Teller, may grantor withhold (consent in Seller's sole discretion. Any additional or substituted person or.entity:shall,i if requestedlby,'Seller, abbiritt,to Seller1he same documentation as required for the original named Buyer. welter ::and/or lBrdkers may rd in �a (credit orps#, gat ;Buyer's expense, on any such person or entity. M. ASSUMED .OR "SUBJECT TO" FINANCING: Seller represents ithat :Setter is rndt (dWinquertt con zany payments due on any loans. Seller shall, within the time specified in paragraph 19, iprovide (Copies coif sill �WOlicable rndltes and deeds of trust, loan balances and current interest rates to Buyer. Buyer shall then, <as sspei ' in IParagrgph ,4-9$(3), iremove this contingency or cancel this Agreemei'it. Differences between estimated and actual I loan I lbe.aojudte&at Close Of Escrow by cash down payment. Impound accounts ,`if any, shall be assigned and:cixafgediltdB�yyer�arcldcc iteditoi eller. Seller is advised that Buyer's assumption of an existing loan may not release Seller: from !gt y,onithatban.ilftfiis4s�awassumption of a VA Loan, the sale is _contingent upon Seller being provided a release of Iiabitity and, substitution:df digibrifi6y,uunless otherwise agreed in writing. If the Property is.acgdired subject to an existing loan, Buyer and'Sellerrare=advised AD consult with legal counsel regarding the ability of an existing lender to call the loan due, and the consequences thereof. Buyer's Initials ( l 4 3 Sellees Initials VLPA REVISED 12/15 (PAGE 2 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 2 OF 11) Produced with zipFormO by zipLogix 18070 Fifteen Mile Read. Fraser. Michigan 48'W6 wawmLggix-=n N. .1 St. Property Address: 0 N J Street,.,San Bernardino, CA 92411 Data: Marctrd71°, 2Q18 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 upon the sale of property owned by Buyer as specified in the attached addendum (C.A.R. Form COP), 5. ] MANUFACTURED HOME PURCHASE: The purchase of the Property is contingent upon Buyer, acWhifigia,personal property, manufactured home to beplacedon the_ Property after Close Of Escrow. Buyer ❑ has ❑ has not" entaredil'irrttuas contracttfor the purchase of a personal property manufactured home. Within the time specified in paragraph 19, Buyer shall remove° this contingency or cancel this Agreement, ,(orC this contingency shall remain in effect until the Close Of Escrow of the Property), 6. � CONSTRUCTION LOAN FINANCING: The purchase of the Property is contingent upon Buyer obtaining a construction loan. A, draw from the construction loan ❑,will f—: wcill not be used to finance the Property. Within the time specified in ,paragraphh 1% Buyer shall remove this contingency or cancel thisAgreement (or !]this contingency shall remain in effect until Close Of Escrow, of the Property). 7. ADDENDA AND ADVISORIES: A. ADDENDA: Addendum # (q,.A,fl�.FFomniADM)( back Up Offer Addendum (C.A.R,.. FForm, �BLli13)) Court Confirmation Addendum4jaA.R..IForra GCA jS"egti¢;,1Y.lfelllandlPhopert�/Vonurrreni ,Ad'd'endum (C.A.R. Form SWPi) ^Sherd Sale; Addend umu (CC:•.XR. Fermi SSA)) I Other B. BUYER AND SELILER;ADNiSORIES:: ]E Buyer's Inspection Advisory [�C:&RLForm) BIA) ]Probate Adirisory ((G.AFR.. Form -PA -))I ]Statewide Buyer and SellerAdyi'sory (C.AR_ our, SBSA) Trust Advisory (C,A_R. Foran Short Sale Inform, and A.cfvisory (C.A_R. Form SSFA)) J Other 8. OTHER TERMS: 9. 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's mentioned; it does not determine who is to pay for any work recommended or identified in the Report. (1) ❑ Buyer © Seller shall pay for a natural hazard zone disclosure report, including tax ,jd environmental ❑ Other: prepared by 4MyNHD $74.95 (2) Buyer _ Seller shall pay for the following Report (3) Lrepared b ] Buyer [Seller shall pay for the following Report prepared by B. ESCROW AND TITLE: (1) (a) ]X Buyer© Seller shall pay e=ow fee EACH TO PAY THEiR OWN (b) Escrow Holder shall be SELLER'S CHOICE (c) The Parties shall, within 5 (or_) Days Atter receipt, sign and return Escrow Holders general provisims. (2) (a) ❑ ,Buyer 1g, Seller shall pay for owner's title insurance policy specified in paragraph 18E (b) Owner's title policy to be issued by SELLER'S CHOICE (Buyer shall pay for any title insurance }policy insuring Buyers lender, unless otherwise agreed in Ming.) C. OTHER COSTS: (1) j BuyeriE :Seller shall pay County transfer tax or fee (2) f3uyer!Lj Seller shall ,pay City tfansfertax or.fee (3)'Buyerp Seller shall pay' Homeowners',Assodiation ("HOA") transfer fee (4) -Seller shall pay FOA fees for preparing all documents required to be delivered by�UNVI[Code§450. (5) Buyer to day for -any HOA certification fee. (6) ! Buyer l '� Seller shall pay HOA gees for preparingall documents other than those requiretl'iby(Chdl�Cade 25. (7) I ° BuyerP.Seller shall pay torr any private transfer4ee (8);'. ' Buyer;-Seller:shall pay for (9) :. ! Suyer jSellershall pay for 10. CLOSING AND POSSESSiON: Possession shall be delivered4oBuyer: (i) at 6 PM or( # ,❑ ) rontthe date of Close Of Escrow; "(il) ;!ono later than calendar days after (Close (Of lEscrow; or (iij) ["dt _[ ! A9y11 '❑ Nl ion The :Propetty shall he Funoccupieii, :unless otherwise €ggreed tin Cwrtting. Seller Cshail tprovWe fkp" Can&or imeans tto €pperdte all Property torics. ff Property is.tocated'in a curnmon interest�sdbdivision, Buyer maylberreguireditoCp4yaaC sitttDilhe(I- omeowners' 'Association ("HOA") to obtain IwysAD aceessitse MOA facilities. 11. ITEMS INCLUDED iN AND EXCLUDED FROM SALE: A. NOTE TO BUYER AND SELLER: `Items Misted,.asiincduded or excluded in theWLS, flyers,nr marketing materials are not included in':'the?purchase phceer.exdudedfrom:the.sale, unless specified in 11B orC. Buyer's Initials ( f t ] ( ] Sellers Initials ( I VLPA REVISED 12/15 (PAGE 3 OF 11) 12t VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 3 OF 11) Pro&sced wth zipFom O by npi.ognt 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.aoLocmx.corn N. J St. Property Address: 09N J Street, San Bernardino. CA 92411 B. ITEMS INCLUDED IN SALE: t1) All EXISTING fixtures and fittings that are attachedAbAhe:Ffioperty 12) The following items:_ _ Dater March .21, 2018 ;3) Seller represents that all items included in the purchase price, unlesmotherwise spectfied� are owned by Seller, (4) AU items included shall be transferred free ofiliens= Property Address: 0 N J Street San Bernardino. CA 92411 _ Date: March 21, 2018 D. MELLO-ROOS TAX; 1815 BOND ACT: Within the time spedfied in paragraph 19, Seiler shall: (1) make a good faith effort to obtain a notice from any focal agencies that levy a special tax or assessment on the Property (or, .if allowed, substantially equivalent notice), pursuant to the Mello -Roos Community Facilities Act, and Improvement Bond Act of 1915, and (ii) promptly deliver to Buyer any such notice obtained. E. SELLER VACANT LAND QUESTIONNAIRE: Seller shall, within the time specified in paragraph 19, complete and provide Buyer.with a Seller Vacant Land Questionnaire (C.A.R. Form VLQ). 14, SUBSEQUENT DISCLOSURES: In the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions.materiatl�;affectingf the Property, or any material inaccuracy in disclosures, information or representations° previbusfyr providb& to Buyer off wifth i Buyer it otherwise unaware, Seller shall promptly provide a subsequent or amended disclosure ornotice3 irrwriting;.covering1hose items. However; a subsequent or amended disclosure shall not be required for conditions and Imatiedblainacauramisidisc] ose&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 Buyers rights in paragraph 15B: (t) rent or lease any part of the premises; (ii) alter, modify or extend any existing rental or lease agreement, ((fil))entbr into, alter,_ modify or extend any service contract(s); or (fv) change the status of the condition of the Property. B. At least 7 (or _) Days prior to any Proposed Changes, Seiler shall give written notice to Buyer of such Proposed Changes. Within 5 (or _) 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. CON0171ON OF PROPERTY: Unless otherwise agreed in writing: (1) the Property is sold (a)'AS4S' in its PRESENT physical condition as ofthe datL=ofAcceptance,and (.0:)subjectttb,Buyees Investigation rights; (ii) the Property, including pool, spa, landscaping and grounds, is tb- be maintainedi io: substantially, the, same condition as on the date of Acceptance; and (1111) 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 KNOWU MATERIAL FAGTS AND) DEFECTS affecting the Property, including known insurance claims within the past five years, and crake; any/ and aft other, cliisclosures rectuftdl by law. B. Buyer has the right to conduct. Buyer Investigations of the, property and„ as specified in paragraph 119B•„ based. upon information discovered in those investigations: (i) cancel this Agreement; or (ii) requestthat Seller make Repaks ortake other action. C. Buyer is strongly advised to conduct investigations of the entire Property in order to determine its present condition. Seller may not be aware of all defects affecting the Property or other factors that Buyer considers 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 of the condition of, and any other matter affecting the Property, is a contingency of this Agreement as specified in this paragraph and paragraph 19B. Within the time specified in paragraph 19B(1), Buyer shall have the 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: (f) inspect for lead-based paint and other lead-based paint hazards; (if) 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 matter specified in the attached Buyer's Inspection Advisory (C.A.R. Form BIA). Without Sellers prior written consent, Buyer shall neither make nor cause to be made: (f) invasive or destructive Buyer Investigations except for minimally invasive testing; or (if) inspections by any governmental building or zoning inspector or government employee, unless required by Law. B. Seller shall make the Property available for all Buyer Investigations. Buyer shall (t) as specified in paragraph 19B, complete Buyer Investigations and, either remove the contingency or cancel this Agreement, and (if) give Seller, at no cost, complete Copies of all Investigation reports obtained by Buyer, which obligation shall survive the termination of this Agreement. C. Buyer indemnity and Seller protection for entry upon property: Buyer shall: (i) keep the Property free and clear of liens; (fi) repair all damage arising from Buyer Investigations; and (iii) indemnify and hold Seller harmless from all resulting liability, claims, demands, damages and costs of Buyets Investigations. Buyer shall carry, or Buyer shall require anyone acti% on Buyers behalf to carry, policies of liability" workers compensation and other applicable insurance, defending and protecting Seller from liability for any injuries to persons or prl*eity ocimming during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow. Seller lis advised that certain protections may be afforded Seller by recording a °'Nodioe of Non -responsibility„ (C.A.R. Form N'NR)i for Buyer llnviesFeg iorrs and worts done on the Property at Buyers direction. Buyers ob'ligabons under this paragraph shall survive ft ler iinationmrcancellation of this Agreement and Close Of Escrow. D. BUYER IS STRONCILYAr1DMED TO INVESTIGATE THE CONDITIONAND SUiMABLiTY 6OF ALL ASPECTS OF THE PROPERTY ,AND ALL WIATTERS AffECTING THE V.ALLIE OR DESIRABILITY iOF'THE PROPERTiY, C'L=NG BUT .NOT ILWITED 1110, NEW 19WECIFIED BELOW. IF 113AItt M D W NOT (EXERCISE THESE (RIGHT$ (BUYER IIS /ACTING AGAINST THE ADVICE OF BROKERS. BUYER'UNDERSTANDS'THAT ALTHOUGH CONDITIONS ARE (OFTEN 'DIFFICUL"T'TT"O LOCATE AND iDISOM, R, ALL REAL PROPERTY'CONTAINS CONDITIONS THAT ARE NOT READILY APPARENT AND "TH AT [KAY !AFFECT( THE \V/ALIUE (COIR MESIRAIRI111i14f(6t<.FF1T-ME tF1itMOPERW.. BUYER AND SELLER ARE AWARE THAT BROKERS DOMM. GUARANTEE, AM, IN NO WAY ASSUME RESPONSIBILITY ;FOR, THE CONDITION OF THE PROPERTY. BROKERS HAVE NOT AND WILL liltN "VERWV ANY OF THE`ITEMS IN THIS PARAGRAPH 17, UNLESS OTHERWIS'EAGREEDI I'N WRr1 lG. E. SIZE, ILINES, ACCESS AND BOUNDARIES: Lot -size, properly lines, liegalEoriTlftystc:dl:see s and[boundaiie&s indluding features of the Propertysharer ;in common .with adjciiriing landowners, .such as wolfs, ffentres, iroalfls and sdnveways, 4hose Fuse cor responsibility for maintenance may.crave-anlr#ff writthelP,roperty and any encroachments, ceasementsrorsirrillarrmatters4hatimay �reiffect the Property. (Fences, hedges, °walls rand `other natural or constructed bar iers or Imaikers cdo rntlt inecessaiiiy lideritify [true IPrgperty boundaries. Propeity`mnes may be verified by: survey3)`(Unless otherwise specifiediin�writing,,,anyrnunwdcal;6'Wtenmeritst4yiBrokersEregarding tot size ,are APPROXIMAT(ONS®N1Y[(.wAitchlhave not beemand will not be veiffied, andothouldi ndtbberr dLWwntt EBuVyer)) F. ZONING AND LAND USE: Pmt, ;present, nor proposed .laws, ordinances, referendums, :initiatives, wdles, i,ppilications and permits affeding`the, current:.use of.,thePropeity,:future development,-zoriing,hbulldigg, daze„g mmental pe anidiinspections. Any zoning ;violations, non corifomiing:uses, orviolations of "se#back"requirements.'(1311yer stnor atso:.investigate:vvFmethrer these matters affect 'Euyers„intended.use,.ofthe Propegy) G. LUTiLiTIES'AND-,SERVICES:"Availability, costs, restrictionsand_location of utilities and services, including but not limited to, sewerage, sanitation; septic and leach lines, water, electricity, gas, telephone, cable TV and drainage. Buyers Initials ( ,: ( ) Seller's Initials VLPA REVISED 12115 (PAGE 5 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 5 OF 11) cwomwrtr Prodded with iiffam® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 98026 vmw z 4a*,caar N. J Si. Property Address: OW li Sheet n Bernardino, CA 92417 _ _ Date .MaraHP21„2W&J H. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including, but not limited, to, asbestos, isad-basett'p W.d!andiot..arL lead contamination, radon, methane, other gases; fuel, oil or chemical storage tanks, contaminated soil or water, hazerd6mw waste;. waste disposal sites; electromagnetic fields, nuclear sources, and other substances, including mold (airborne, loxid,orrotherwise) . fungus -or similar coritaminant, materials, products or conditions. 1! GiMOGIC CONDITIONS: Geoiogicliseismic conditions, soil and terrain stability, suitability and drainage including, anyE sliopayer. slidingy,flooding, drainage, gradirig, fill „(compacted or otherwise), or other soil problems. J. NATURAL HAZARD ZONE: Special Flood Hazard Areas; Potential Flooding (Inundation) Areas; Very High Fire Hazard Zones, State Fire Responsibility Areas, Earthquake Fault Zones; Seismic Hazard Zones; or any other zone forwhich disclosure is required by Law. K. PROPERTY DAMAGE: Major damage to the Property or any of the structures or non-structurai 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: Neighborhoods or area conditions;, including Agricultural Use Restrictions pursuant to the WJiliamson Act (Government Code §§5-1200-51295); Right To Farre Laws (Chrill Godo: §aQZ5: and §W2 61);schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons, or otfenders; fire• protection, other government servicesi availability, adequacy and cost of any speed -wired, wireless intemet[connectionwor other to acommunidations=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 an the Property, wild and domestic anirmals,, other nuisances; hazard's, or circumstances;, prmtected), species, welland1 properties; botW, icall di"seases, historic or other governmentally protected sites or iinprovements, cemeteries;, facilities arid] conditions of common areas, of commona interest subdivisions, and possible lack of compliance with any governitug, documents or Homeowners' Association. requirements conditions and influences of significance to) certain cultures > andlbr reiigilona, andl personal needs, requirements and preferences of Buyer.. M. COMMON INTEREST SUBDIVISIONS: OWNER ASSOCIATIONS: Facilities andi condition: of common, areas (facilities, sudT as pools, tennis• courts„ walkways„ orot her areas co -owned in undivided interest with others)„ Owners" Association that has any authority over the subject property„ CCBRs., or other deed restrictions or obligations, and possible I'ack, of compliance with any Owners” Associatimni 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 t 915. O. RENTAL PROPERTY RESTRICTIONS: Some cities and counties impose restrictions that liim,ft the airou. rt oaf reint sthat ,„ ar be charged, the maximum number of occupants and the right of a landlord to terminate a tenancy. P. MANUFACTURED HOME 'PLACEMENT: Conditions that may affect the ability to place and use a, mian Lfa C -t -LI red home on the Property_ 18. TITLE AND VESTING: A. Within the time specified in paragraph 19, Buyer shall be provided a current preliminary title report ("Preliminary Report"). The Preliminary Report is only an offer by the title insurer to issue a policy of title insurance and may not contain every item affecting title. Buyer's review of the Preliminary Report and any other matters which may affect title are a contingency of this 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 (if) those matters which Seller has agreed to remove in wrung. C. Vltfthin 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 shaalJ receive a grant deed conveying title (or, for stock cooperative or Jong-ierm lease, an assignment of stook certilficate or of Se11ees Ieaselmdid linterest), including oil, mineral and water rights if currerft (owned by Seller. Title shall vest as denigrated In Bum supplern'enlal escrow instructions. THE MANNER OF TIAiGING TITLE lMAtt' HANE SMIRfC�9ANT LEGAL AND TAXCONSE:Cl1UENCES. CONSULTANAPPROPRIATE PROFESSIONAL. E. Buyer shall receive 'a °CLTATALTA *Homeownees ,Policy of Tittle tnsuramc6"„ ifF applicable to (of Ipmpperty an (buyer. A title company„ at Buyerss request, ,can ,provide linformation abourt ithe ,,avallatiilfty, (desirability, coverage, and cod of wriam title insurance coverages and endorsements. if -Buyer desires title coverage ather than that iregdired hair 1hils Iparagrgoh, it3uyer shall iin tru d (Escrow ;Hdlder in lwtiting and 6hall,pay any'increase in=st. 19. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION I!f GHTS: The 16111cJwirfg Mme IpieflcJds imay vrity be extended, altered, modified or changed by mutual written agreement. /Any (removal (of ccoriftWiridlies ar(canceftition iunderi#& pearagraph by afther Buyer or Seller must be exercised in goodifalth and iln\writing((CiAK Form, (CR(or(Cq). A. 'SELLER HAS: 7 for _ ) Days After .Acceptance to Dieliver ito (Buyer All Reports. 1riforimation for *hidh Sher its responsible under paragraphs 3M, 7A, 8, 9,12A, B, and E,13, 16Atand'18A.1Buyer<aferfirs#tlDelhroiingitn'`Sellermfttirer'tolUllertto Performa`(C:A.R. form,NSP).may:cancel this Agreement'if Selterlhasindt[Deliver+ ditittems\witliint'theitimies*PWAW. IB. t(1) BUYER HAS: 17.(ar _) Days After Accotance,:ul less(dthenciise�Agree 9 inrvvdting,Ito: i)) complete all, Buyer Investigations; review all disclosures,rrgpot,%,�andfdther€ lu *l iiiformdtinn,tw'rhith[BuyerrPeceives from Seller,:and approve all:matters=afiecting'the Property;,,anb((i))lWiverito 86iler<Signed!Coiesc6f tib yCDiscta un;s and other disclosures Delivered by Seller in accordance with paragraph 12A. (2)'1Afithin the :time r1 speafled ' r:paragraph 4913(1), Buyer! may !requestthdt€ ellerm'tak+efi..the Property:(C.A.R.6Form RR). Sellerhasno obligation to,,agreeJtocorreVendi.to((CIAIR_iF'ormERRRRjtBuysfti elqueds. y the endR+df tlre:timne=spe<ated n paragrkph"19B(1);(orLasciothet wisesspeadfiediin`rft�islA�enf).LE4y.er:sta [1 Mlimr2tobS l r a rremoval of.the apF�lic�ble car tingency nr cancellation (CIA[R.1 FcormCttR or 3) liYit#ais�i)greement_€ttov�wer,iif�any-rgmit,- isciosure -or•iriformation'for.whidil,%Iler� srrresponsible is nofDeldvered within.the°time spedflediR4aaaMrJso;tgA'ftn�Buyer�-has'5i(or _ ) Days �Affer:Mliveryof arfiy such items, .or then lime specified in paragraph' 1;9B(1), vdgdw oer• is later,°td Deliver #o` -Seller a removail of the applicable contingency or cancellation of this Agreement. a.. Buyer's Initials (=. 1 ' 1 ( 1 Seller's Initials VLPA REVISED 12/15 (.PAGE 6 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 6 OF 11) Produced vAh zoForrrw@ by ZipLogix 18070 Fifteen Mile Road, Fraser, Michigan 46=6 www,*C4xix.com \..J Si. Property Address: 0 N J Street, San Bernardino, CA 92419 Date_:Marct 2J, ,1,2t11ffi (4) Continuation of Contingency: Even after the end of the time specified in paragraph 198(1°))andl'befbre Sefiancanceik iffatlafj4[ pursuant to paragraph 19C, Buyer retains- the right, in writing, to either (i) remove remaining cxmtingencies,, or (iii); cancel Tiia Agreement based on a remaining contingency. Once Buyer's written removal of all contingencies is•DeliveredAwSeller;,SetlErrrmay, not cancel this Agreemen' pursuant 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 notiDeliver rto Seller a removal of the applicable contingency or cancellation of this Agreement, then Seller; after first Delivering to-Buyer a NWce to Buyer to Perform (C.A.R. Form NBP), may cancel this. Agreement. In such event, Seller shall authorize the retUrnrof ElUyeek,deposit, except for fees incurred by Buyer. (2) Seller right to Cancel; Buyer ContractObligations: Seller, after first deliveringJ*6 Biayera�INBI';,mayreaneelRthisr,AgM menttif( byr the time specified in this Agreement, Buyer does not take the following action($)).(1)1 Deposit fundtk�as�regpiiedlbyFpaWmpt443A,nor 313 or if the funds deposited pursuant to paragraph 3A or 3B are not good when depositedt:(011)Deliiwa ravtibe,ot FHA,,orVA cost§ or terms as requiredby paragraph 3D(3) (C.A.R. Form FVA); (iii) Deliver a, letter as required=by,, paragraph( W((1))„ (¢e)) Deliver verification as, required by paragraph 3C. or 3H or if Seiler reasonably, disapproves of the, veriffcatiow hided b. paragraph 3C or 3H; (v) Return Statutory Disclosures as required by paragraph) t2A>;, or (yl), Sign or initiall a9 separate, liquidated dbmege&form for an; increased deposit as required by paragraphs 3B and 278; or (yii) Provide- evidence of atMority, to,slgp in a representativecapacity as specified in paragraph 19. In such event, Seller shall authorize the, reWmr of Btuy&&deposk. except.fb r fees in curred'by, Buyer. D. NOTICE TO BUYER OR SELLER TO PERFORM: The NBA or NSP shallt (,r) be iim writing;, 0Q be signed by, the: apptiiable° Buyer or Seller; and (Iii) give the other Party at least 2(or _) Days After Delivery (;or unfit the tme specified in the, applicable paragraph, whichever occurs last) to take the applicable action. A NBP or NSP may not be Delivered any earlier than, 2 Days Prior to expiration of the applicable time for the other Party to remove a contingency or cancel this Agreement or meet an obligation specified, ins. paragraph 19. E. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES. If Buyer removes,, hi, 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, or cancellation right; (H) 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 for the inability to obtain financing. F. CLOSE OF ESCROW: Before Buyer or Seller may cancel this Agreement for failure of the other Party to dose 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 or Seller; and (Ii) give the other Party at least 3 (or ) Days After Delivery to dose escrow. A DCE may not be Delivered any earlier than 3 Days Prior to the scheduled dose of escrow. G. EFFECT OF CANCELLATION ON DEPOSITS. If Buyer or Seller 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 of the 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 to the disbursal of the deposit. Escrow Holder, at its discretion, may nonetheless require mutual cancellation instructions. A Party may be subject to a civil penalty of up to $1,000 for refusal to sign cancellation instructions if no good faith dispute exists as to who is enUtied to the deposited funds (Civil Code §1057.3). 20. REPAIRS: Repairs shad be vornpieted prior to final verification of condition unless otherwise agreed in wrftirrg. Repair to be performed at Seller's expense may be performed by Mier or through others, provided that the work des with eppficable Law, including govemmental permit, inspection and approval requirements. Repairs shall Ibe perfar med iin a good. skillful rnannervAhmrials of quality and appearance comparable to existing materials. It is understood that exact restonation (of aipearance er =smnnehc literin following all Repairs may. not be possible. Seller shall: (i) obtain invoices and ),paid rreceots ffor IR irsipeftrrmedi by, bdums, ((K) pri4parea written .statement indicating the Repairs performed by Seller and the date of such (Repairs; ,and ff provide (Oppies O'iinvoices and paid )receipts and statements to Buyer prior to finalverification of condition. 21. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to )make a final rvedti'tcation �dflthe iPrpperiiyrsiitin'in 5 ((or _)) Days IPdicr to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but =solelyto=confirm:((I)'the Property itsimaintainedlpursuard1oiparegW, 'h 16; (11) Repairs have been completed as agreed; and (iii) Seller has complied with Seller's other(dbligationsrtmderthisCAgrzeemerftd(CAlR. Form VP). 22. ENVIRONMENTAL HAZARD CONSULTATION: Buyer and Seller acknowledge: (1) Federal, , <andf Vocal liegislatiun iir]pose (liabilit upon existing and former owners and users of real property, in applicable situations, for certain Ifegislativety ci#eftnetl, renvironmerttally hazardous substances; (it) Broker(s) hasihave made no representation concerning the applicabilityrdf�r�sudil"witolthisitransadtionror[to Buyer or to Seller, except as otherwise indicated in this Agreement; (iI)) IBroker(s) hasthave amade ing irgpreseriiEktion (concerning )the existence, testing, discovery, location and evaluation of/for, and risks posed!by,cenvimnmerrtallyGhaaardousc_substanoa$,Iifrany,llocWedcon or potentially affecting the Property; and (iv) Buyer and Seller are each adviseditcrconstiltwtth tedrl%6Irandli%oire tis(:cercothing�the existence, testing, discovery, location and evaluation of/for, and risks posed iby,mri4ironmerrtallyihazardous.stibstancen,iifarny,1located:on or potentially affecting the Property. 23. PROBATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless edtherwise eagnaed iin vwiitiW, 'the .1bitowirrg =items shall be PAID CURRENT and prorated between Buyer and Seller as of Close,Offfiscmw: real iprapaettyi:taxes and Eas merlts,Jntemt,.rents, HOA regular,_ special, and emergency dues and assessments imposed;prioroto Close (Of !'Escrow,iprermiumscon insurance assumed by Buyer, ; payments on ^bonds and °assessments assumed by Buyer, and payments on iMellogRoos and Brother Special Assessment Buyer's Initials Sellers Initials { ] { VLPA REVISED 12115 (PAGE 7 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 7 OF 11) Roduced with zoFa rnO by zipLogu 18070 Fifleen Mile Road. Fraser, Michigan 48M www-zjp! a :.mm 1 i EO,.�L M�.Sti Q4aCRfYrtY Property Address: 0 N J Street, San Bernardino, CA 92411 Date: March 21;,2018 District bonds and assessments that are now a lien. The following items shall be assumed by Buyers WITHOUTCREDIT towards Qhe: purchase price: prorated payments on Mello -Roos _ and other Spacial Assessment District bonds and' assessrnent§ • and 140A spec) assessments that are now a lien but not yet due. Property will be reassessed upon change of ownership. Anysuppl6mentat tax bllls':shail be paid as.fotlows: (i) for periods after Close Of Escrow, by Buyer; and (it) for periods prior to Close Of EscroW,, by Seller (see,C A`A. Form SPT or SBSA for further information), TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHAW.[ BE HANDLED) D1REC i y,,, BETWEEN BUYER AND SELLER. Prorations shall be made based on a 3"ay month. 24. BROKERS: A. COMPENSATION: Seller or Buyer, or both, as appflcabJe, agrees to pay compensation to Broker as specified; in a separate,- written agreement between Broker and that Seller or Buyer, Compensation is payable upon Close Of Escrow, or if escrow dries na dbise as otherwise specified in the agreement between Broker and that Seller or Buyer. B. SCOPE OF DUTY: Buyer and Seiler acknowledge and agree that Broker, (1) Does not decide what price Buyer should,) pay; or Seller, should accept; (11) Does not guarantee the condition of the Property; (iii) Does not guarantee the performance;adequacy, car, completeness of inspections, services, products or repairs provided or made by Seller or others; (hr,))) Does° not) have, an ob:igatom to, conduct an inspection of common areas or areas off the _site. of the Property; (v) Shall not be responsible, for idea ifyih%defects ramthe Property, in common areas, or offsite unless such defects are visually observable by an inspection of reasonably, accessible areas, of the Property or are known to Broker, (vi) Shall not be responsible for inspecting public records or permits concerning-; the title or use of Property; (vii) Shall not be responsible for identifying the location of boundary lines or other items affecting title;, (u%ii Shall( not be responsible far verifying square footage, representations of others or information contained in Investigation reports', Multiple: Listing, Service, advertisements, flyers or other promotional material; (ix) Shall not be responsible for deterni ining; the fair market vallue,of the Property or any personal property included in the sale; (x) Shall not be responsible for providing legall or tax advibe ceganiing any aspect of a transaction entered into by Buyer or Seller, and (cal Shall not be responsible for pmviding other, adiaice or, iilfonnaffon that exceeds the knowledge, education and experience required to perform real estate licensed activity. Buyer and) Seller agree tea seek, legal, tax, insurance, title and other desired assistance from appropriate professionals. 25. REPRESENTATIVE CAPACITY: If one or more Parties is signing the Agreement in a representative capacity and not for hirnitrerself as art. indiriduall then that Party shall so indicate in paragraph 37 or 38 and attach a. Representative Capacity Signature Addendum (C.A.R. Form RCSQ). Wh, erever the signature or initials of the representative idera6fed in the RCSD appear on the Agreement or any related docurznents, it shall be deemed to be in a representative capacity for the entity described and not in an individual capacity, unless otherwre in ica:at. The Party acting in a representative capacity (l) liepresents that the entity for which that party is acting already exists and (ii) sha,0 De'Iiver 43 the other Party and Escrow Holder, within 3 Days After Aoceptance, evidence of authority to act in that capacity (such as but -not is r -ted �o: applicable portion of the trust or Certification Of Trust (Probate Code §18100.5), letters testamentary, court order, power of .att•o-ney, 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 constitute the joint escrow instructions of Buyer and Seller to Escrow Holder, which Escrow Holder is to 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 D of the section titled Real Estate Brokers on page 11. If a Copy of the separate compensation agreement(s) provided for in paragraph 24A, or paragraph D of the section titled Real Estate Brokers on page 10 is deposited with Escrow Holder by Broker, Escrow Holder shall accept such agreement(s) and pay out from Buyer's or Seller's funds, or both, as applicable, the Broker's compensation provided for in such agreement(s). The terms and conditions of this Agreement not set 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 Seller w`II receive Escrow Holder's general provisions, if any, directly fmm Escrow Holder and will execute such provisions within the time specified in paragraph 9B(1)(c). To the extent the general provisions are ftonsistent or conflict with this Agreement, the general provisions will control as to the duties and obligations of Escrow Haider only, Buyer and Seller will execute additional instructions, documents and forms provided by Escrow Holder that are reasonable+ necessary to close the escrow and, as directed by Escrow Holder, vAhain 3 (or _) Days, shall pay to Escrow Holder or HOA or NOR 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 effet(s) and addenda shall be delivered to Escrow Hohn whin 3 Ito /A r Acceptance (or h. iBuverarid Seller aurthoriza Escrow Holder to aisceipt an d irely =QC piiesand Signatures as defined in this Agreement as originals, to open,escrow end for cother purposes of escrow. The validity €cifIhisAg eemard as between Buyer and Seller'is not affected by whether or when 'Escrow iHdlder ;Signs sthis /Agreement. )Escrow Molder shall Iprouide Seller's Statement of Information to Title company when received 4rom Seller. !If,Seller d ellivers :an itffidavi t to (Escrow +Idldertth,s fy Seller's FIRPTA obligation under paragraph 12B, Escrow Holder shall tdfelliver tto !Buyer �a qualified stitulte 4taiternerktNut morrolies with federal Law. C. Brokers are a party to the escrow for the sole purpose of compensation ;pursuant fto paragraph `24A sand IparagWh iD (cif 1he sedhon titled Real Estate Brokers on page 11. Buyer and Seller irrevoi:ably assign 4o fBrdkers �eompensaticrn specified lin I,paragrolih 24A,:andi irrevocably instruct Escrow Holder to disburse those funds to Brdkers<atCClose(OffEscrow of, pursuant lto<acty�rithertmcihraltyrexeceite i cancellation agreement. Compensation instructions can be annended (or revoked (only swwith 4he �wrlttsn icor serf): rf IBr:kers. lBp Seller shall release and :hold harmless Escrow 'holder ;firm -arty Elfabillly rresditing from IEscrow 11464dtees ipayment Ito IBBnikeq-#) rdfi compensation pursuant to this Agreement. D.. Upon receipt, Escrow Holder shall provide Seller and Sellers Broker verification ofIBuJyeils(deposit (dfi`funds 1purstmriuolpara oh',, A and 3B. Once Escrow Holder becomes aware of any of the following, ; Escrow! Holder shall iimmediateiymotffy<aillfir[4lce :(0)Jfl 's initial or any additional deposit is not made pursuant to this Agreement, orfisrnotl�good at time of depositywith[Escrowlfkdier.(,,o((i))iif Buyer and Seller instruct erowltidlderitoxancelyesemw. E, A Copy of any amendment that affects any paragraph ,oUthis Agreemerit for which Escrow Holder is respon9ble;shMirfoe delivered to _Escrow Holder within 3 Days after mutua[execution ,ofthe amendment. Buyer's Initials ( ` i _ ) ( _ ) Seller's Initials ( } ( ) VLPA REVISED 12115 (PAGE 8 OF 11) VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 8 OF 11) Produced with zipFomv@try zhA-o& 96D70 Fiiteen Mie Road, Fraser, Michigan 48026 www n N. a Si. Property Address: a N J Slree4 Sari Bernardino, CA 92411 Date: March,21, ,2018`; 27. REMEDIES FQR.BUYER'S BREACH OF CONTRACT: Aa. Any clause -added by, &W -Parties specifying a remedy (such as release orforfeiture of depositor, making ;a4igosit£non+, refundable) f(mfailiinvoffBuyer-to complete the purchase in violation of thisAgreementshaillbe-.deemed1hvaltWunl the clause ihdbpermthnftsatisfies the statutory liquidated damages requirements set forth in the: CIVRICodls B. LIQUIDATED DATFA%ES' If Buyerfails to complete this purchase because of Buyer's default, Sailer shall lreteini,asI1quidated,' damages,, the deposit'aatually paid:.Buyer and .Seller agree that this amount is a reasonable sum given'thatsitis unpractical orr extremeiy,;dif iculfto establish the -amount of damages that would actually be suffsred by Seilerin the event Buyerwerstto breach thiaA(1greement,Release<of funds will require mutual, Signed release instructions firm bath Buyer and Sellery,judicialldecision, on ar#iittladon award. AT TIME OF ANY INCREASED DEPOSIT BUYER AND SELLER SHALL SIGN A SEPARATE UQUIDATED' D9i�f�l AGH°PRGIVISION''INCORPORATING THE INCREASED)DEPG81 i1A &-LIQ1JIDATED DAMAGE: (C.A.R.FORI1i RID), Buyer's Initials +' , F' / Sellers=Initials / 283o11D1SifUME RESOLUTuIONt: AL TtqE11111WIllEIlit: The,, Parties agree to, mediate any dispute or claim arisihq)1letween them out ofd this Agreement, or any, resulting, ttransactiorn before restating: to arbitration or court action throughi the, C.R.R. Consumer Mediation Banter (www. consumeririediatiiamorg)) or throug)ir any other mediation provider ors servibe mutually agreed; to: by the, Parties. The Parties, also agme: tlm mediatie: any disputes or claims with Brokers) , who;, in writing, agree to such%mediation prior to, or within a reasonablla ti m aftbr;, the dispute or claim is presented to the, Broker, ivlediation fees, if any; shall be divided: equally arnongi the Parties, ihvolired? If,. fbr any dispute, orclaims to which: this, paragraph applies,„ any Party, (i)j commences, an, actions without first attempting to, resollre the: matter ° throughi mediation; or. (ii), before commencement of an acd*, refuses; tomediate 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. THI'S� MEDIATION PROXASION APPLIES WHETHER ORNIOT THE ARBITRATION' PROVISION IS INITIALED'.. Exclusions from this mediation agreement are specified in paragraph 280.. S. ARBITRATION OF DISPUTES: The Parfiies agree that: any dispute or claim in Law or equity arising between them out of this Agreement or any 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 within a reasonable time after, the dispute or claim is presented to the Broker. The arbitrator shall be a retired judge or justice, 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 have the right to discovery in accordance with Code of Civil Procedure §1283.05. In all other respects, the arbitration shall be conducted in accordance with Title 9 of Part 3 of the Code of Civil Procedure. Judgment upon the award of the arbitrator(s) may be entered into any court having jurisdiction. Enforcement of this agreement to arbitrate shall be governed by the Federal Arbitration Act. Exclusions from this arbitration agreement are specified in paragraph 28C. "NOTICE: BY INITIALING IN THE 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 1S VOLUNTARY." "WE HAVE READ AND UNDERSTAND THE FOREG03MG AND AGREE TO SUBN1T DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISIONTO NEUTRAL ARBITRATION," Buyer's Initials :;�`, / Sellerls[Initials / C. ADDITIONAL MEDIATION AND ARBITRATION TERMS: ((I) EXCLUSIONS: The following matters are excluded ifrmm mediation ;anti arbttration: ((i) a Judicial (or inonr judicial foreclosure or other action or proceeding to enforce to (,deed (ciftrusit, mortgage or I' i+rraia�ilmehl: hand sate (contract as defined in Civil Code §2985; (TT) an unlawful detainersacm;ran (ill) any matter ithat 'iiswithinItheJurisdiction ,of a probate, small claims or bankruptcy court. (2) PRESERVATION OF ACTIONS: The following shall net constitute ra,waiver mor wiolefion (cif the (mediation anll arbitreiion provisions: (1) the filing of a court action 10 preserveraiistAtite(dfllimtthtion i;((i))1heAling df!amam t action to enable the recording of a notice of pending, action, fforcorder€ tdttadhment,ireceivership, injunction,mr other provisional remedies; or (III) the filing of a medhanib"sllien. (3) BROKERS: Brokers shall not be obligated nor compolWs tDimsdiittecorarbtbrEft,utileassithey<agree to do so in writing. Any Broker(s) participating in meditation or�otbttrttion:ahalhncltbe, ieemedcalpattyitotthe,149reement. 29.,%EMCTION OF SERVICE PROVIDERS: Brokers do not guarartteeittte petforrnance(ofany vendors,<service:orfproduet providers r(TlroAders�,ewifaether referredibyiBrdkera..orEsctedted by Buyer,`:Setierorother person.(Buyer orad SeNer.mey select/ANY Providers of their Dwn choosing. 30. MULTIPLE LISTING SERVICE ('MLS"): Brokers are authotizedao report.tottheWLS-&pending -sale and, upon Close Of Escrow, the. sales price. and other -terms of this transaction shall be provided';to'the MLS to'be published -and disseminated to persons.and entities authorized to use the information on terms approved by the MLS. Buyers Initials ( f' A f , } ( Sellers Initials { } ( } VLPA REVISED 12115 (PAGE 9 OF 11) `'' VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 9 OF 11) °°""`"° Z cwnanam Produced with zipFornrt by zipLogix 18070 Fifteen Mile Roast, Fraser. Michigan 48026 www z'r.Loonecan N. J 51. Property Address: 0 N J Street, San Bernardino, CA 92499 Dat6---.MerCh121 ,201frr 31. ATTORNEY FEES: In any action, proceeding, or arbitration between Buyer and Seiler arising out of this Agreement, the prevailing Buyer or Seller shall be entitled to.reason.able attorneys fees and costs from the_non-prevailing. Buyer or Seiler, except as provided in paragraph 28A. 32. ASSIGNMENT: Buyer shall not assign ail or any part of Buyer's interest in this Agreement withouthlbidthaving}obtathed�the written tcDnsenti of Seller. Such consent shall not be unreasonably withheld unless otherwise agreed in writing. AnyrtbWor partiaflasstgl� ,,sttailCnoti relieve Buyer of Buyer's obligations pursuant to this Agreement unless otherwise agreed in writing by tSa 4(IAil F m AOA )) 33. EQUAL HOUSING OPPORTUNITY; The Property is sold in compliance with federal, stattLand}ib€tallanfi+diseftinattbn3•itaws 34. TERMS AND CONDITIONS OF OFFER: This is an offer to purchase the Property on the above terms and : inditions. The liquidated damages,paragraph�or the arbitrattomof disputes paragraph is incorporated in this Agreement if initialed by all Parties or if incorporated'by mutuals agreement" in a counteroffer or addendum. If at least one but not all Parties initiai, a counter offer is required until agreement is reached: Seller has the. right to, continue to offer the Property for sale and to accept any other offer at any time prion to notification, of Acceptance; Buyer has, read and acknowledges receipt of a Copy of the offer and agrees to the confirmation of agency relationships-.. If thin offer. iso accepted and Buyer subsequently defaults, Buyer may be responsible for payment of Brokers' compensation. This Agreement and'any supplement, addendum or modificaition, including any Copy, may be Signedlih two-ormore:countiarparts;,alllof.whii h• shall constitute: one and the same writing. 36. TiME OF ESSENCE;,, ENTIRE: CONTRACT;; CHANGES: Time is of the essence. All understandings, bettweerr the Pardee are incorporated in this, Agreement.. Its terms,, are Intended by^ the Parties as a final, complete., and. exclusive expression of'theiiir Agreement witft respect:to its, subject matter,, andmay, not be: contradicted by evidence of any pribr-agireem ent or contemporaneous, oral agreement.. If any, provision of this. Agreement is: held" toe be ineffective or invalid, the remaining provisions wilt nevertheless be given full; force and effect. Except as, othervAse: specified„ thi'ss Agreem, ent. shall' be interpreted; and dkq,"es. shag be resolved. in accordance wth the Laws; of the State: of California- Neitherthie Agreement nor any provision in it. may, be extended,, ameru%d, modified,; altered or chsang�ed; except in writing Signed by Buyer and Seller. 36. DEFINITIONS: As used in this Agreement: A. "Acceptance" means the time the offer or final counter offer is accepted in writing by a Party and is delivered to and personally received by the other Party or that Party's authorized agent fh accordance witht the terms of this offer or a final counter offer. B. "Agreement" means this document and any counter offers and any incorporated addenda, collectively forming the binding agreement between the Parties. Addenda are incorporated only when Signed by all Parties. C. "CJLR. Foran" means the most current version of the specific form referenced or another comparable form agreed to by the parties. D. "Close Of Escrow" means the date the grant deed, or other evidence of transfer of title, is recorded. 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 the calendar date on which the specified event occurs, 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 counting 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 Estate Brokers on pages 1, 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 c ompyying with California Law. Buyer and Seller agree that electronic means will not be used by either Party to modify or alter the content or integrity of this Agreement without the knowledge and consent of time other Party. K. "Law" means any law, code, statute, ordinance, regulation, rule or order, which is adopted by a controlling idly, courdy, state or federal legislative, judicial or executive body or agency. L. "Repairs" means any repairs (including pest control), afierallions, replacements„ mDdificatians DTTebdft fl, g of the Property provided for under this Agreement. M. "Signed" means either a handwritten or Electronic signature on an owWhail dociamerit, Copy or aW zDuirterpad. 37. EXPIRATION OF OFFER: This offer shall be deemed revoked) and the deposit, iif Barri!, shall be Teiturnedito iEluyermnless Ithe offer is Signed by Seller and a Copy of the Signed offer is personally Teceiived Ptiy Buyer,, (or iby who is authorized to receive it, by 5,00 PM on the third Day 4fter itffis ,dffer l is 'sjgned by lBuyer ((err lby M7 L PM, on ()) ](One or more Buyers is signing the Agreement in a representative (caprascitW mid ind fiair 1hirrilhersdif as an iinftidudl. See attladhedl Representativ Capacity Signature Disclosure (C.A.R. Form 3RCS©S)ifor dionalderms. Date it". r I BUYER (Print {mame)tdurnpinq Frog investrrrerits,lL W _ Date BUYER (Print name) ]Additional Signature�Addendum attached (C.AR.-Womm`ASA). Buyer's Initials ( _ i ( } Sellers Initials { ( I VLPA REVISED 12115 (PAGE 10 OF 11) 112t VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 10 OF 11) Produced with zWorm@ by ApLogix 18070 Fifteen Mile Road. Fraser. Michigan 48026 www.zioLoaa.eorn N. A St. P?opeft9yAWdiress;,Q2N J Street, San Bernardino, CA 92411 Data,-.Marah21, 201, ,, 3ffi OF. OFFER: Seller warrants that Seller is the owner of the Property, or has the authofttd)exemitdthis Agteementi Seller accepW tfi alcove offer and agrees to sell the Property on the above terms and Conditions and agrees, to i the° above confirmation, off agsl oW relationships; Seller has read and acknowledges receipt of a Copy of �hls Agreement) and) authomzes; BrokentmDeWwraiSioed Copy to7H@lyer. E](tf fched4exi))sEuuERtsAccoFrAWE IS SUBJECT TO ATTACHED COUNTER OFFER (C.A.R. F iStC'O)or(SMiCO) DATEDv One or more Sellers is signingthe'Agreement in a representative capacity and not for himdherselfta�andiidividuall See attached+ Representative Capacity Signature Disclosure (C.A.R. Form RCSD-S) for additional terms. Date (Print name) Date (Print name) SELLER SELLER ] Additional Sign®tiure-,AddbndUmr attached (C.A.R. Form ASA). L-I(@o)riot inidallif, making]acounterrofer.))WNF1RMATIOfOFACCEPTANCEE.ACopyofSignedAcceptan ce was (Initials) nail' a# iAIgvedbyBuyer-orBuyeftauthorizedagenton(date) JM;LL- . PM:. A binda'ng, Agreement: iso created. when a, Copy° of Signed Acce ce is, petlonafl�, received by Buyer, or Buyer's aut honied agentr whether or, not. confirmed in, this, document Cornpfetiom of this confirmation is not legally required) in order to create a bihdhg Agreement;; it lis solely fntanded. 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). Agent who submitted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Firm) and Cooperating Broker agrees to accept, out of Listing Broker's proceeds in escrow, the amount specified in the MLS, provided Cooperating Broker is a Participant of the MLS in which the Property is offered for sale or a reciprocal MLS. ff Listing Broker and Cooperating Broker are not both Participants of the MLS, or a reciprocal MLS, in which the Property is offered for sale, then compensation must be specified in a separate written agreement (C.A.R. Form CBC). Declaration of License and Tax (C.A.R. Form DLT) may be used to document that tax reporting will be required or that an exemption exists. Real Estate Broker (Selling Firm) Hi•Igenberg Realty Inc. C.aIBRE Lic. #01417409 By Heath Michael Hilyenbers CalBRE Lic. # 01242139 Date By _ CalBRE Lic. # Date Address City State Zip Telephone Fax E-mail Real Esto Broker Li @9 Firm) KELLER IMLLIAMS REALTY CaIBRE Lic. #01904376 By _ ,'�rLARA FERNANDEZ CalBRE Lic. # 02015587 Date By CalBRE Lic. # Date Address 1473 FORD STREET STE 200 CityREDLANDS State CA Zip 92373 Telephone (909)793-2100 Fax (909)793-8200 E-mail larafernadez .con - ESCROW HOLDER ACKNt t : Escrow Holder acknowledges remof -of a Copy of this Agreement, (if checked, ❑ a deposit in the amount of 3 ), counter offer numbers ] Seller's Statement of Information and , and agrees to act as Escrow Holder subjeett to paragraph 26 of this Agreement, any supplemental escrow iinstru tionsantl Via +termsaf Escrow Holders general provisions. Escrow Holder is adi isedtthatftheAglerdf(ConfirmationofilAcceptance of the Agreement as between Buyer and Zeller iis Escrow Holder [Escrow* By Date - Address PhonefFaxlE-mail Escrow Holder has the following license number ] Department of Business Ovefsght, [9M1ppaitment of Insurance, Bureau of Real Estate. PRESENlRil1TIONMF R:(( ) Listing Broker presented this offer to Seller on (date). I nswrodiTesignee tnittals REJECTI0N(OF0FFEER:I(______jl ) No counter offer is being made. This offer wasrrefected by Selter°on (date). aSellei'sihaigis 071996- 2015, COffibmia"Assodation of REALTORS®, tnc.,Ui6ted.Ig tEtsu_copyright taw tT�tletYTlUcS.(I"d tE}t[mtbistsSrMe o oiged:; t,a �y reproduction of thisform,orany ponionthereof,byphotolxWrnadiineoranyoMerrneans,'indudingtaesiniEsoncomptl iizetrfonn0ts. THIS FORM HAS BEEN APPROVEDBY:THE,,CALIFORNbkASSOCIATtON('OFI'REALTORSOt(G`.ALf )).CNOIR€ir ESENTATiONitSSIAAtrDEfffTOITHE�1F£GAL VALIDITY ,,OR ACCURACY OF<'ANY`PROVISION'IN'ANY SPECIFICTRANSACTION. A REAL ESTATES-°BROKERAS'ETHEfPERSONCDJJAUFIED`TO;AMSE�ON:REAL ESTATE TRANSACTIONS. IFYOtf DESIRE LEGAL OR TAX`ADVICE;`CONSULTuAN'APPROPRIATE PROFESSIONAL. 'Published and Distributed by. Buyer's Acknowledge that page 11 is part of ■ `REAL ESTATE BUSINESS SERVICES, INC. this Agreement( )( ) a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORSO e 525 South V it Avenue, Los California 90020 Reviewed by VLPA REVISED 2115 (PAGE 11 OF 11) Broker or Designee VACANT LAND PURCHASE AGREEMENT (VLPA PAGE 11 OF 11) Produced with #)Fdxm0 by zi,pl ogiz 18070 Fifteen Mite Road. Fraser, Michigan 48026 wNw_zuLoair.com N..f St. 1 CAiIIIfiOttNIA A s s O C I A T I O N BU . ' �f 1� t�'i�iG;FSA► lilt SRV O F REALTORS "`` (C.A.R. Fort SIA, Revised 11114) ���► Property Address: 0 N J Street, San Bernardino, CA 92411 ("Propew)l 1. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchase& iirnolti guaranteed:' by: either, Seiler or Brokers. You have an .affitmatty& ditty, to exercise reasonablecare to protect yourselfi, inotLdiitgl discovery�of. thwlega4;,practical and technical iinpiicatibns,,ofAdisdbseWfsctiu,and the investigation and verification of informatibmandl fects that',you know;or that are within your-diligent'attientibrrand''ohseruatibm Al,ganerai physical inspection typically,dbewnatteava°atll aspects.ofthe Propertyinoritemsaffecting,the.,Prclperty,that�aree nottphysicallyrlbcated on the Property. If the professional9,:recwnmiendi furttierrinvestigatibns;vincliuding a recommendAbn-by�a,pest'controlloperatbrrtirihapect inaccessible areas of the Property;,you shoultti contact-qualified'expert§ tb conduct such,additional.investiyations: 2.o BROKER OBLIGATIONS.. Brokers, dor not have, expertise, im alli areas, andl therefore cannot advise- you on many/ item§ such as those;liisted"below:.If.Brokergives:you referrals;to professionals;,Broker dbes:naparantee their performance. 3:, YOU' ARE: STRONGLY ADVISED TO INVESTIGATE,,THEi COND1111ON' AND) SUITABILITY OF ALL ASPECTS OF THE PROPS7fY„ INCLUDINGBUTNOTUL411TEDTOTHEFOLL.OWING:IF1fOUDONOTD43SQ;,' CUAf E -ACTING AGAINST THEAMMICEGIF-BRiDtit€IIiS'i. A= GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof (condition, are, leaks, .iseful life);, plumbing,, heating„ air conditioning„ electricaf,, tmechanidai€, security;, poolispa (cracks, leaks, operation),- other structural' and' nonstructural systems, and. components;, fikttures„ buiWitr aprpiisnces;, any personal property included in the sale. and energy,effaciency, of"the Property:. B. SQUARE FOOTAGE, AGE, BOUNDARIES: Square faotagex roomy cffinensiarle,, I& size, age of inprovement'ss an, boundaries. Any numerical statements regarding, these) items are APPROX[MATIONS ONLY and have not been) verified biGy Seller and cannot be verified by Brokers. Fences, Ifiedges, waft, retakiiirg walls and other barriers or markers dd not necessarily identify true Property boundaries. C. WOOD DESTROYING PESTS: Presence of, or conditions likely to lead to. the presence of wood destroying pests and organisms, D. SOiL STABILITY: Existence of fifl or compacted soil, expansive or contracting soil„ susceptibility to slippage, settling or movement, and the adequacy of drainage. E. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS;WASTE DISPOSAL: Water and utility availability, use restrictions and costs. Water quality, adequacy, condition, and performance of well systems and components. The type, size, adequacy, capacity and condition of sewer and septic systems and components, connection to sewer, and applicable fees. F. 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, materials, products, or conditions (including mold (airborne, toxic or otherwise), fungus or similar contaminants). G. EARTHQUAKES AND FLOODING: Susceptibility of the Property to earthquaketseismic hazards and propensity of the Property to flood. H. FIRE, HAZARD AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary. The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property and Buyer, may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this information may affect other decisions, including the removal of loan and inspection contingencies. I. BUILDING PERMITS, ZONING AND GOVERNMENTAL REQUIREMENTS: Permits, inspections, certificates, zoning, other governmental limitations, restrictions, and requirements affecting the current or future use of the Property, its development or size. J. RENTAL PROPERTY RESTRICTIONS: Some cities and coirtes irnpose restrictions that limit the amount of rent that can be charged, the maximum number of occupants, and the right of a lardlo ] to terminate a tenancy. Deadbolt or other locks and securrityy systems fr:r doors and windows, induding window bars, should be examiner] to determine whether they satisfy legal requirements. K. SECURITY AND SAFETY: State and local Law may require the installation of barriers, access a1wrns, S9#4aj&4IV mechanisms and/or other measures to decrease the risk to children ,and other persons of existing sw3mmirg els mW Mort tubs, as well as various fire safety and other measures concerning .either ifieatures (of the Property. L. NEIGHBORHOOD, AREA, SUBDIVISION CON'DrWNS; PERSONAL FACTORS. Neighborhood (or ,area (conditions., iindudit schools, law enforcement, crime statistics, registered felons or offenders,, fire iprcftection, other governmentserniices, availability, adequacy and cost of internet connections or other technology services and iinstallations, cc� a rciail, i'ndlustriisll (mgr �pgticdlturall activities, existing and proposed transportation, construction and (development that may affecit inoise, view, nor traffic, iaipott noise, noise or odor from any source, wild and domestic animals, ,dther nuisances, hazards, Dr zllrcumstances, prdtarded species, wetland properties, botanical diseases, historic or other (governmentally Protected sites (oriirrlprovennerds,(cemeteries, facilities and condition of common areas of common interest subdivisions,, �andipossible lack a'f,corgplllancewith<aqy rerning documents or Homeowners' Association requirements, conditions and influences of significance Ito (certain :cultures ,andlw religions, and personal needs, requirements and preferences of Buyer. By signing below, Buyers acknowledge thatVmy have mead, .understand, accept and have received a Copy ofMisiAdvisaW. Buyers are encouraged tD reB ,it carefully. Buyer Su yer Jumping Frog investments, LLC C 1.991.2004, California Association of REALTORS®, inc. THIS FORM HAS BEEN APPROVED BY THE.CALIFORNIA ASSOCIATIONiOFIREALTORSM((CAII ).kNO REPRESENTATION iS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTIONJ&PMALIES'r'ATE?BROXER[IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSAC-BONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE"PROF€SSIONAL. Published and Distributed by r REAL ESTATE BUSINESS SERVICES, INC. Reviewed by Date • a subsidiary of the California Association ofREALTORSE 525 South Virgil Avenue, Los Angeles, California 90020 BIAREVISED 11114 (PAGE 1 OF 1) e��rr BUYER'S INSPECTION ADVISORY (BIA PAGE 1 OF 1) _ Feller Williams Realty, 1473 Ford Street Sle 200 Redlands CA 92373 Phone. (928)848-8585 FEw XA SL Lara Fernandez Produced with zipForm®by zipLa* 180711 Fdkm We Road, Fraser, Michigan 48026 www.zlaLogo, com �- c A t, r F LI`N I A P IO g--6IBl.E REPRESEN7UTION (?FMORE-TMANMA EBUYEFV, ASSOCIATION OR SELLER/-DISCl(dREAI Int- NT +�. OF P - E A L T O R S -- (C.A.R. Form .PRES, 11114) A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent morii-ethamone buyerr or seller. This multiple representation can occur through an individual licensed as a broker orrsalespersonj orithroug#tidifferent individual broker's or salespersons (associate licensees) acting under the Broker's license. The:associate ltcensees;may) be, working ,out of the same or different office locations. Multip1w Buyers: Broker (individually or through its associatedicenseees)) rrraythe working with( many(prospective buyers,ati the: same time These: prospective: buyers may have ani ihterest�.: in,,, andi makes offense on, the same properties. Some of these properties may, be 11stedl with Broker and'sorme., may, not:. BrokerwilU not Ilm7it or, restrict any; particular buyer from i mnaking ani offeromianypartldularproperty whether or. not! Braker represents' other, buye mi interested iirthe same properlyyc. Multiple; Sellers: Broker (irldiilridt iallk, ars through, its' associate licensees) may have listings ami many, proapierties at the sarne time. As a: result Broker will attempt to find buyers, fbr each: of those listed, prroperties Some listad` properties,, rnay,,� appeal) t'o the same: prospective buyers: Some,, properties may, attract. morei prospective buyers tharn, ottherr&. Stime=otf theseprospective buyers, may be represented' by Broker, and some may not:. Broker wilt market alit listed prropertiies=tu all, prospecfiryes, buyers whether or, not Broker, has another or other listed properties, that may appeal( to, the samei prrmspectiVev buy+ersi Dual Agency: If Seller is repreaentedl by Broker,,, S'ell'er, acknowledges that broken may! reprep prospective lou yers. of Seller's, property, and' consents to Broker, acting, as as dual agent for both: seller and buyer ih thiat transaction. If Buyer is represented by Broker, buyer; acknowledges. that Broker, may represent seDers of psoperty that Buyer is interested in acquiring and consents to, Broker, acting as a! dual agent for both buyer and setter with regard, to that property. In the event of dual agency, seller, and buyer agree that. (a) Broker, without the prior written consent of the Buyer, will, not disclose to seller that the Buyer is willing to pay a price greater than the offered price, (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the 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 as current market conditions, the prevailing practice in the real estate Community, the listing agent's marketing strategy and the instructions of the seller. Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships. Seller and/or Buyer acknowledges reading and understanding this Possible Representation of More Than One Buyer or Seller - Disclosure and Consent and agrees to the agency possibilities disclosed. Seller Seller Date Date Buyer .. Jumping Frog investments, LLC Date Buyer Date Real Estate Bn*" ((IFirrn,)KELiER WILLIAMS REALTY GalBRE ILic * 9199W6 Date By �' _ -. -\ - _ Cb BRE Lie7 Date j LARA F RNANDEZ BReal iEslEite Br llor ((cFirm'i) lFfteniberg Realty Inc. C-dBRE Vliet 04174M (Date BYy Q a IER, E E i c 4 W24 2 13 9 /Date Heath Michael Hilgenberg 02014, Caiforrya Assomation of REALTORSS), Inc. United States copyright:laws(Tft'TT'U!S.( )('(ihelunaWwrizededWlr3dtion,(disfrlay and reproductlon of this form, or arty portion thereof, by photocopy machine or any other means, includinglfacWrrftorcwmpoWrbddi&nt2ts- THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION,.OFIRF_ALTORSD((CAAfR).[fifOIftEPRESENTAT(ON(t&MADE AS TO THE LEGALWAIi1QM OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION./A(fWALfESTATEIBROK RIISITHEI RSON(QUALIFiED TO/ADVISE (ON I REAL9WTAIE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONS71U AWARPRORRIATfMROFESStDNAL. This form is made available to real estate professionals through an agreementvVith(.or puldase'fromiithe(C2idrrtia Association of REALTORS. It is not intended to identify the user as a Rr ALTORa1. REALTOR0 is a registered collective membership nmrkWdctt Taal+, be used ori by, moedibers of the NATIONAL ASSOCIATION OF RFALTORSO who m&saj,o to as Code of Ethics. UPtiblishW.-vid Distributed by: REAL ESTATEBUSINESS SERVICES, INC. asubsidiaryoffhe Cafrfomia Association of REALTORS® ., 525 South Virgil -Avenue, Los Angeles, California 90020 Reviewed by Date PRBS 1,'.11141PAGE.1' OF e1) POSSIBLE REPRESENTATION OF MORE THAN.ONE BUYER OR SELLER (PRBS PAG_ E 1 OF 1) /teller Witiams Realtp.1473 Ford Sireei Ste 200 Redlands CA 92373 Plane: e9+,z)548.8585 Fax: N. J Si. Lara Fernandez Produced with zipForm®by zipLogm 18070 Fdtem Mee Road, Fraser, Kct*g2n48026 ,v:wi.z1yLoaix_com 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 281 Broker's Opinion of Value Prepared by Keller Williams (See Attachment) EXHIBIT "C" [I R EPA.RE'-7) 7""' '. Ms. Lisa Connor Project Manager Successor Agency to the Redevelopment Agency of the City of San Bernardino 290 N. "D" Street - 3rd Floor San Bernardino, CA 92401 FOR THE PROPERTY LOCATED AT: N. " J" St. San Bernardino, CA 92411 APN: 0144-131-36 March 30, 2018 KW COMMERCIAL KENNETH;PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CLARE #01456022 We obtained itre information above from sources m believe to be retable. 1-Immer, we have not ve0ed tts accuracy and make r o guarantee. warranty or reprewnlation abo t it It is srbmRted subject to the possbiity of errors. omissiom. change of price, rental or other conditions, Prior sale. Waste or fmarxing, w withdrawal wittotrt notice. We ircJuds protecta-rs opn—Er—urnptiions or estimates for example crdy, and tt:ey may rot represent current or future perfomranoe of the property. You and your tax and legal advisors a conduct your own investigation oftt*property and transaction. wwwAwcornmercial.com TABLE OF COV TEATS Broker's Opinion of Value rroperty Profile 09 Leta Sao n Ae dal a Assessor's Parcel Maps V Location Map Melm,.... Comparable- . • Property Profile • Assessor's Parcel Map • Aerial Comparable #2 • Property Profile • Assessor's Parcel Miap • Aerial Comparable #3 • Property Profile • Assessor's Pareel Map Aerial Leadina Broker's Resume KW COMMERCIAL KENNETH PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CaIBRE #01456022 We obtained the ntomtation above from sources we believe to be rdiable. F�W, we have rxtt verified its a-wacy and make no guarantee. warranty or representation about iL It is submitted mb,`ect to the poss ft of errors, ornissbns, change of price, rental or other condWons, prior sale. lease or frwxirg, a witl^drawal wilt—t mice. we'rr4de projections. opinbm assurnpti a estimates f- ex -ride only, and they may net represent wrrent or future performance of the property. You and your tax and legal advisors should conduct your own imesiigation of the property and transactiori www,. klueommercial.cum March 30, 2018 Ms. Lisa Connor Project Manager Successor Agency to the Redevelopment Agency of the City of San Bernardino 290 N "D" Street — 3rd Floor San Bernardino, California 92401 RE: Broker Opinion of Value for Site No. 30 —APN 0144-131-36 Dear Ms. Connor: We have prepared the following report regarding our opinion of value for the above referenced property. We utilized a comparable sales approach to determine our opinion of value for this property. Subject Property The subject property is zoned Single Residential ("RS"), which allows for a single family residential home and consists of one parcel of land approximately 0. 11 acres (4791.6). Comparable Sales As further described within this report, within the last 8 months, there have been 3 property sales which can be used as sale comparable for this Site. The comparable are all zoned RS. The Sale Comparable dates run from August 2017 to January 2018. The Sale Comparables are summarized below: Property Site Sale Comparable #1 Sale Comparable #2 'Sale(C.omparable #3 Sales Comparables Summary APN Address Lot SF Sale Value Price/SF Sale Date 0144-131-36 N. " J" St. 4,791.6 0144-181-20 1042 Magnolia Ave. 6,750 $39,000 $5.78 11/07/17 0139-312-04 747 N. Hams St. 7,500 $43,000 $5.73 08/16/17 (0142-283-13 O'Congress.st. k6=: 1-55,000 $8.84 01/03/18 �Averagge'tPiice/SF $6:78 KW -COMMERCIAL- KENNETWPAiTERSOW DOUGLAS REYNOLDSON, 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 923730 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CalBRE #01456022 We obtained ft information above from sources we beieve to be reliable. However, we have not verified its accuracy and make. guarantee, warranty or representation about 2 it is submitted subject to the possibility of errors, emissions, change or price, rental or other coni ion% pror sale, lease or frarrirg, or wrthdrawal wittout notice. We indude propanna. orFlirY . assumptions a estimates for example ally, and they may rot represent current or future performance of Ure property. Vou and your tax and legal advisors should conduct yar own investig = of the property end transaction. Broker Oi)inion of Value Based on the foregoing, the average price per square foot of the three vacant Sale Comparables is $6.78. Applying this average price per square foot to the lot square footage (4,791.60 SF), a value of $32,487 results. It is our opinion that the subject property is worth $32,487. We appreciate the opportunity to prepare this report. Please do not hesitate to call with any questions. Sincerely, Kenneth Patterson BRE #00774852 1473 Ford St. #200 Redlands, CA 92373 951-318-8516 kenpcommercial@gmail.com KW.COMMERCIAL KENNETH PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreynoldson@kwcommercial.com CaIBRE #01456022 We obtained the inforrnation above from sources we believe to be reliable. However. we have not verified is accuracy and make no guarantee, warranty or representation about rL h is submtted subject to the possibliity of errors, onrasstons. mange of price. rental or ober corKir ons, Prior sale, lease a tinanarg, a withdrawal vlthout notice. We include projections, opinions. assurWions or estmates for example only, and they may not represent current or future performance of the properly. Yof and your tax and begal advisors should conduct your own inves[gation of the property and transaction. wWw.kifflcormmercial:com ] St, San Bernardino, CA 92411, San Bernardino County N/A -� Beds, N/A Waettifu M Owner Information. N/A 4,800 $49,000 BidtrjS-gjFstri Latl. crlFtt MUS List(Phbe- N/A VCNTLND-NE N/A Yoh-Bbliltz Sala Date Owner Name: Successor Agency/Rda City Of Tax Billing City & State Sn Bndo Mail Owner Name: Successor Agency/Rda City Of Tax Billing Zip: Sn Bndo Tax Billing Address: 201 N E St #301 Tax Billing Zip+4: Loca.t[on Information Zip Code: 92411 Census Tract: Tract Number: 2340 Topography: School District: San Bernardino Neighborhood Code Comm College District Code: San Bernardino Vly 3 Active Tax Information 274 - SAN BERNARDINO MLS Status Change Date: APN : 0144-131-36-0000 Lot: Tax Area: 7012 Water Tax Dist: Tax Appraisal Area. 12 $49,000 Legal Description: TRACT 2340 LOT 33 SUNSHINE HOMES TR NO 2 Characteristics County Land Use: Vacant Land Universal Land Use: Vacant Land (NEC) Lot Acres: 0.1102 Listing Information KELLER WILLIAMS REALTY MLS Listing Number, EV17251152 MLS Status: Active MLS Area: 274 - SAN BERNARDINO MLS Status Change Date: 11/04/2017 MLS Listing # 682834663 MLS Status Active MLS Listing Date 10/18/2017 MLS Listing Price $49,000 MLS Orig Listing Price $49,000 MLS Listing Close Price $0 [Last [Markdt,Sate KS -al -es l istary Recordina Date: 05/18/1994 Multi/Split Sale: Multiple Document Number: 228266 Recording Date 12/03/2014 03/21/2011 Sale Date 11/24/2014 03/17/2011 Sale Price Lot Area: Water: Sewer: A'ddite Listin.gi 1$ San Bernardino, CA 92401 1520 42.02 Flat/Level 091-091 33 San Bernardino Vly 3 4,800 Public Public Service MLS Current List Price: $49,000 MLS Original List Price: $49,000 MLS Listing Agent: Evfernlar-Lara Fernandez MLS Listing Broker: KELLER WILLIAMS REALTY Deed Type: Quit Claim Deed Owner Name: Successor Agency/Rda City Of Sn Bndo Seller: Sslm Ventures Inc 05/18/1994 09/10/1992 07/03/1991 01/1919 $10,000 Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS The data - I. - but is not. The property Detail of the data � -•� .. _ � by the recipient this report with the applicable county municipality. 6eneratec `!. � )i. _nil' :f`•iii':II'l;, _rl .� KW COMMERCIAL KENNETH.PATIERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CaIBRE #01456022 We obtained the information above from sources we believe to be reliable. However, we lave not verified arts accuracy and make no guarantee, warranty or representaum about L k is submitted subject to the possibIty of errors, anissions, charge Of price, rental ar other cordRons, Pror sale, jease or finandng, or wNidrawal wittrorn notice. We Tclude proyecbors, opinions, 'assumptions a estimates for example only, and they may not represent current or funme perfoaroe of the property. You and your tax and legal advisors should conduct your own investigation of ft property and transsct" Wvvw,kvveomrnercial;L r 0. I M � 0 C, c v o v o c_ m CO o ^ 6Si (Bl) AVMH9IH 0 V) m o�--------1+3fHi----- ----- xC4 UY—^ I ✓�� AI 0. I O OS iZ'IC of I EG r c M O O U m Q-pYO a o c Maw L � C yO m y m m � h OC N O O Q m V1 3 v � L"lil 119'til0 o -43 E S---5-1-WH—, - e I ✓�� AI at OY � CC"121 I 0 to' ro 0 0 - t^t21O r N N I C('1210 of �{-]' at O OS iZ'IC of I EG r c M O O U m Q-pYO a o c Maw L � C yO m y m m � h OC N O O Q m V1 L"lil 119'til0 o t• at to' O OS iZ'IC of I EG r c M O O U m Q-pYO a o c Maw L � C yO m y m m � h OC N O O Q m V1 .i r.I• eta" iii':1I (: .rlk a. Comparable Sale #1 • Property Profile • Assessor's, Parcel Map • Aerial KW COMMERCIAL KENNETH PATTERSON DOUGLA&REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com drepyoldson@kwcommercial.com Cal RE #01456022 We obtained the information above from sources we beke to be reliable. tdaaever. m have rnt verTfed its accuracy and make rto guarantee. warrant' a representation about it. kis submitted subject to the posvb ty of errors, omissions, change d price. rerAal a o[hr oordr ions, prior sale. lease or fnar ting, or withdrawal without wtice. We udude protections, opinions. assu Wb— a estimates to ezarrrple orty. ad they may rx>t represent curl a man tuture perforce of the property. You and your tax and legal advisors shall conduct your own ervestigat'on of the property and transaction. 31.COrTI 1042 Magnolia Ave, San Bernardino, CA 92411, San Bernardino County Gwnen Informatio:ni N/A N/A 6,750 $39,000 Bed& Bid rSga,Fts Lat,S-CrFta SAW RrFce N/A N/A VCNT LND-NE 10/26/2017 Baths° Yh Built Typ Sale aatee Owner Name: Rios Celia Tax Billing Zip: 92376 Mail Owner Name. Celia Rios Tax Billing Zip+4: 5923 Tax Billing Address: 215 N Riverside Ave Owner Vesting: Married Woman Tax Billing City & State. Rialto, CA Owner Occupied: No Laca-t[ort Informatfoni Zip Code: 92411 Comm College District Code: San Bernardino Vly J Carrier Route: C045 Census Tract: 47.00 Tract Number: Sunrise Topography: Flat/Level School District: San Bernardino Neighborhood Code: 091-091 Tax Information APN : 0144-181-20-0000 Lot: 11 Tax Area: 7012 Block: H Tax Appraisal Area: 12 Water Tax Dist: San Bernardino Vly J Legal Description: SUNRISE HEIGHTS LOT 11 BLK H Assessment & Tax Assessment Year 2017 2016 2015 Assessed Value - Total $24,900 $22,700 $20,000 Assessed Value - Land $24,900 $22,700 $20,000 YOY Assessed Change ($) $2,200 $2,700 YO Assessed Change (%) 9.69% 13.5% Tax Year Total Tax Change ($) Change (%) 2015 $266 2016 $440 $174 65.61% 2017 $476 $36 8.19% Special Assessment Tax Amount Sbcofire Fp-5 City Snbndo $152.98 Sb Valley Muni Wtr Dbt Svc $37.97 School Bonds $25.07 San Bdno Comm College Bond $9.36 Co Ventor Control $1.30 Total Of Special Assessments $226.68 CCha:ra:dteftti_os County Land Use: Vacant Land Lot Area: 6,750 Universal Land Use: Vacant Land (NEC) Water: Public Lot Acres: 0.155 Sewer: Public Service Listing -Information MLS Listing Number: H691990 MLS Current List Price: $99,999 MLS Status: Canceled MLS Original List Price: $99,999 Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS . _r �-:• .. _ �r I -.i1 -1.�. 1 •H :i.l_-. I.. Core Logic from public and private sources. The data is deemed reliable, but is not guaranteed. The property Detail Of!t L . ,r =r r:: • ! •. r: i -.:• be independently verified by the recipient of this report with ! applicable municipality. CK:) v 0 v 0 o me ,o to 'll '1111 '111 111-11-//l Ill I I lI) 111-���•--�'`�� ASSES I I I 31tl1S Iva-H9 1H ON I `� CtP_�_O __ Oe I['Sl. l^ O I �o =o o� O m O om =o SCI SCI I O su oW =o Sfl O aj�, N O O ON —O �O O" o� �o =o o� O m O om =o SCI SCI I I I I II I I I I I' I I I I �. I of stl Nil. I I I I I I I I I I I Jf c� z I I O ^"t@) o� =o o� - om =o O� O� scl O su �o.es +s stl M --------------------------- O * � t2 O O ^"t@) o� =o o� - om =o O� Sil s[1 o� =o o� - O m � NO O� O� scl O su of I I I I I I I. a. c 00 0 U m apio p p c �a� q0 • N m m,c N O C � O p .<'m to i mar 1-n— i--:II,c KW.COMMERCIAL• KENNETH PATTERSON DOUGLAS:REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CARE #01456022 We obtained the informatiorr above from sources we believe to be reliable. However, we neve not vented ifs accuracy and nuke no guarantee, warranty a representation about it- it is submMW subject to the possibiity of errors, anissions, change of price. rental or other oofditions, prix sale, lease or fnancirg. or withdrawal without notice. We rock de pro'pakI ts, opirims. assumptions a estimates for exaffOB oriy, and they may not represent current a future pedamares of the property. Vou and your tax and legal advisors t- 1.1 —A-1 vrxa tnvn in—t—tion o1 the a.—W and tm nsaOfl 'vMr Vwcommerclal_com Comparable Sale #2 • Property Profile • Assessor's Parcel Map • Aerial KENNETH PAITERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com drevyoldson@kwcommercial.com Cal RE #01456022 We obtained the inkxmation above Oar. samces we bd3 to be reliable. Flewever, we have rot verified its accuracy and make no guarantee, warranty or rep, eserrta!ion about it. R is submitted subject to the possbikty of errors, omissats, ctwge of once, rerrtW or other concftons, pnor sale, Wase or fmanctr g, or withdrawal wilhaa nave. We include projections, opmns'assumptions a estimates for example ally, and they may not represent current a future performance of the property. You and yam tax and legal admi shco ould conduct your sum inves[gat- of the property a^d transaction. www.kweornrnerciat,com 747 Harris St, San Bernardino, CA 92411, San Bernardino County N/A N/A 7,500 $64,900 Bed's BldjrS-gpFtl Lot2SglFt 14L5—Li&t<PirJce Bank 0.WnecbBak " Aat(ue Listing JO Assessment & Tax Assessment Year N/A N/A VCNT LND-NE 07/21/2017 Assessed Value - Total $18,908 Baths= YF Built Salic§ Date $18,908 awn_er Information; YOY Assessed Change ($) $371 $278 Owner Name: Khan Khalil A Tax Billing Zip: 90745 Owner Name 2: Fatima Shahnaz Tax Billing Zip+4 4901 Mail Owner Name: Khalil A Khan Owner Vesting: Husband/Wife Tax Billing Address: 376 E 228th St Owner Occupied: No Tax Billing City & State: Carson, CA Sbcofire Fp-5 City Snbndo $152.98 Locatcon Info.rmat%o.n Sb Valley Muni Wtr Dbt Svc $28.83 Zip Code: 92411 Census Tract: 48.00 Carrier Route: C041 Topography: Flat/Level School District: San Bernardino Neighborhood Code: 091-091 Comm College District Code: San Bernardino Vly 3 County Land Use: Tax Information Lot Acres: Universal Land Use: Vacant Land (NEC) APN : 0139-312-04-0000 Lot: 9 Tax Area: 7167 Block: 18 Tax Appraisal Area: 12 Water Tax Dist: San Bernardino Vly 3 Legal Description: ALLENS 2ND ADD SUB OF LOTS 1 AND 2 AND LOTS 17 AND 18 BLK 18 R S B LOT 9 BLK 1 Assessment & Tax Assessment Year 2017 2016 Assessed Value - Total $18,908 $18,537 Assessed Value- Land $18,908 $18,537 YOY Assessed Change ($) $371 $278 YOY Assessed Change (%) 2% 1.52% Tax Year Total Tax Change ($) 2015 $242 2016 $387 $144 2017 $398 $12 Special Assessment Tax Amount Sbcofire Fp-5 City Snbndo $152.98 Sb Valley Muni Wtr Dbt Svc $28.83 School Bonds $19.04 San Bdno Comm College Bond $7.10 Co Ventor Control $1.30 Total Of Special Assessments $209.25 CC iTa Cca:Qtedifficcs County Land Use: Vacant Land Lot Acres: Universal Land Use: Vacant Land (NEC) Lot Area: Lot Frontage: 50 Water: Lot Depth: 150 Sewer: Listing Information Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS The data : this report is compiled by CoreLogic from public and private sources. The data is deemed reliable, but is --r ;,k - i.v7i • The accuracy of the data verified by the recipient of this report with the applicable county 7., municipality. 2015 $18,259 $18,259 Change (%) 59.4% 3.05% 0.172 7,500 Public Public Service Property Detail MLS Listing Number: IV18056139 MLS Current List Price: $64,900 MLS Status: Active MLS Original List Price: $64,900 MLS Area: 274 - SAN BERNARDINO MLS Listing Agent: Isalagon-Gonzalo Salazar MLS Status Change Date: 03/10/2018 MLS Listing Broker: MOVEMENT REAL ESTATE MLS Listing # 683005174 Cv17147669 682627417 Iv17129640 I08163257 MLS Status Active Closed Sold Closed Expired MLS Listing Date 03/09/2018 06/29/2017 06/29/2017 06/08/2017 11/16/2008 MLS Listing Price $64,900 $46,900 $46,900 $34,900 $92,500 MLS Orig Listing $64,900 $46,900 $46,900 $34,900 $92,500 Price MLS Close Date 08/16/2017 08/16/2017 06/27/2017 MLS Listing Close $0 $43,000 $43,000 $34,000 Price MLS Listing 08/16/2017 08/16/2017 06/14/2017 12/31/2008 Cancellation Date MLS Listing # I616808 MLS Status Closed MLS Listing Date 05/10/2006 MLS Listing Price $112,000 MLS Orig Listing Price MLS Close Date 06/29/2006 MLS Listing Close $112,000 Price MLS Listing 06/29/2006 Cancellation Date Last Market Sale & Sales History Recording Date: 08/17/2017 Deed Type: Grant Deed Sale Date: 07/21/2017 Owner Name: Khan Khalil A Sale Price: $43,000 Owner Name 2: Fatima Shahnaz Document Number: 336493 Seller: 200254785 Roth Ira Sale Type: Full Recording Date 08/17/2017 06/27/2017 06/27/2017 05/30/2017 05/21/2010 Sale Date 07/21/2017 06/16/2017 06/22/2017 04/03/2017 11/17/2009 Sale Price $43,000 $34,000 $17,000 Nominal Y Y Buyer Name Khan Khalil A 200254785 Ira Torres Juan C Jim & Marla Haviland Technologies Constructions Inc LLC Seller Name 200254785 Roth Ira James & Marla Iturrino Christine Haviland Technologies Inland Pacific Equity Construction Inc LLC Systems Document Number 336493 261652 261651 221027 204227 Document Type Grant Deed Grant Deed Interspousal Deed Transfer Grant Deed Grant Deed Recording Date 12/02/2009 06/29/2006 08/13/1981 Sale Date 11/17/2009 06/09/2006 Sale Price $17,000 $112,000 Nominal Buyer Name Haviland Technologies Inland Pacific Equity Mendoza Ruth C Ea LLC Systems Seller Name Inland Pacific Equity Mendoza Ruth C Systems Document Number 537871 444258 179780 Document Type Grant Deed Grant Deed Deed (Reg) Rty ttga g e [Hi story Mortgage Date 05/31/1994 Mortgage Amount $10,000 Mortgage Lender Beneficial Ca Inc Mortgage Code Conventional Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS but isnot.. property Detail of the data � � � the recipient of this report applicable county :. municipality. Generates �o M Of O O C O c m m � L m N m P IYAH51H 31V15 60 30Vd 335 l '6Vd 991 -H -M OR -Nld- ��t3}afs------------_-----------] N 6[ I , I I I I I I 'I/ .L I I I I I I I �t3}alf—----------------SIaaH-- �---J m � , I OSI 6S S'L[ "I SZ SZ X11 6S 6S 6Sl I 9 l/r-_1 I 1! i i[ i If SS 0% 1 95 I 0S 99 61 SLI I e - T r - O 0i1 e O o s'zs s'zS N I m� N r O Oo ['ZS - o 0 K m 0 6S .0 0 n 0 09 O O" OSI Os1 s'ZS 'I/ .L I I I I I I I �t3}alf—----------------SIaaH-- �---J m � , I OSI 6S S'L[ "I SZ SZ X11 6S 6S 6Sl I 9 l/r-_1 I 1! i i[ i If SS 0% 1 95 I 0S 99 61 SLI I e - T f 2016 M, C5 i KW:COMMERCIAL KENNETH PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CaIBRE #01456022 We obtair ed the infomtat-on above from sources we believe to be retable. Howewer, we have not verified its accuracy and make no guarantee, warranty or representffibn about :t. It is submM1ted subYect to the possibility oI errors. orr r -Lens, change of price, rental or other conditions, prix: sale. lease or fnandng, or withdrawal without notice. We include prgectiorz, opmons, assumptions or estimates for example only, and they may not represent current o fulu•e performance of the property. You and yore tax and legd advisors shoudd conduct yoLT own investigation of the property and transaction. ? ``. :i.. _al`. it--Ir-a1":II)C _r'h ::_, + f% r , arable Sale -ffio • Property Profile •Assessor's Parcel M • Aerial KW COMMERCIAL KENNETH PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmall.com dreynoldson@kwcommercial.com CalBRE #01456022 We obtained the ink muaton above from sources we believe to be reliable. Ficwever, we have not verifoed its aenuacy mid make ro guarargee, warranty m representaton about it t is submitted subject to the possibility of errors, omis%ons, change of price, rental or other conditiorrs, prior sale, lease or inanc ng, or withdrawal without notice. We include projections, opinions, wple assnptuns a estimates for exama ly, and they may not represent c ert a future pertormance of the property. You and your tax and legal advisors shold conduct yo own ehvesbgabon of the properly and transaction. www.kvvcommercial.com Congress, San Bernardino, CA 92410, San Bernardino County Owner Iin#ormati:om N/A Beds - N/A Baths - Owner Name: Gomez Octavio Owner Name 2: Gomez-Sosa Maria G Mail Owner Name: Octavio Gomez Tax Billing Address: 2218 EI Capitan Ave Loca.ttort Informat on Legal Description: Zip Code: 92410 School District: San Bernardino Comm College District Code: San Bernardino Vly J Tax Information N/A 6,223 $55,000 Bldg;Sgjft LotiSq Fntc MLS5SAlb Pi ite N/A Yin -Bi VCNT LND-NE 01/03/2018 M'LS'Saal e= Deter Tax Billing City & State Tax Billing Zip: Tax Billing Zip+4- Owner Vesting: Census Tract: Topography: Neighborhood Code APN 0142-283-13-0000 Lot: Tax Area: 7012 Water Tax Dist: Tax Appraisal Area: 12 Legal Description: ASSESSORS MAP NO 14 LOT 59 Assessment & Tax Assessment Year 2017 2016 Assessed Value- Total $25,905 $25,397 . - Assessed Value - Land $25,905 $25,397 YOY Assessed Change ($) $508 $381 YOY Assessed Change (%) 2% 1.52% Tax Year Total Tax Change ($) 2015 $332 2016 $474 $142 2017 $489 $15 Special Assessment Tax Amount Sbcofire Fp-5 City Snbndo $152.98 Sb Valley Muni Wtr Dbt Svc $39.50 School Bonds $26.08 San Bdno Comm College Bond $9.74 Co Ventor Control $1.30 Total Of Special Assessments $229.60 CCitara dteriiati:as County Land Use: Vacant Land Lot Area: Universal Land Use: Vacant Land (NEC) Water: Lot Acres: 0.1429 Sewer: .Listing `Infformation MLS Listing Number: DW17172937 MLS Original List Price MLS Status: Closed Closing Date: MLS Area: 274 - SAN BERNARDINO MLS Sale Price Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS . of the data I I... - -. +... ., - .- - It . '• of this report applicable The municipality. Arcadia, CA 91006 5109 Husband/Wife 57.01 Flat/ Level 091-091 59 San Bernardino Vly J 2015 $25,016 $25,016 Change (%) 42.92% 3.06% 6,223 Public Public Service $65,000 01/03/2018 $55,000 Property Detail Gene.atec MLS Status Change Date: 01/05/2018 MLS Listing Agent: Dwenjorg-Jorge Enciso MLS Current List Price: $65,000 MLS Listing Broker: CENTURY 21 ALLSTARS MLS Listing # 682680911 Y49558 I506101 I235189 Y94495 MLS Status Sold Expired Expired Expired Expired MLS Listing Date 07/27/2017 08/05/2005 12/16/2004 01/11/2001 10/11/1999 MLS Listing Price $65,000 $149,900 $149,000 $39,950 $45,000 MLS Orig Listing $65,000 $149,900 $45,000 Price MLS Close Date 01/03/2018 MLS Listing Close $55,000 Price MLS Listing Cancellation Date 10/17/2017 01/05/2006 06/16/2005 09/30/2001 04/11/2000 Last_ 14arket Sale-. &: Safes_ H:isto.ry� Recording Date: 01/03/2018 Deed Type: Grant Deed Sale Date: Tax: 10/19/2017 MLS: Owner Name: Gomez Octavio 01/03/2018 Sale Price: $55,000 Owner Name 2: Gomez-Sosa Maria G Document Number: 202 Seller: Gomez Patricia M Sale Type: Full Recording Date 01/03/2018 07/16/2007 01/03/2000 03/15/1991 02/07/1990 Sale Date 10/19/2017 10/08/2003 12/09/1909 03/1991 01/1990 Sale Price $55,000 $12,000 $47,500 Nominal Y Buyer Name Gomez Octavio Gomez Patricia M Gomez Maria Macias Alfonso & Maria Ahmad Basher Seller Name Gomez Patricia M Gomez Maria Macias Alfonso O Ahmad Basher Goodloe Billie Document Number 202 417750 739 88221 49588 Document Type Grant Deed Gift Deed Grant Deed Grant Deed Grant Deed Recording Date 02/10/1983 Sale Date Sale Price $700 Nominal Y Buyer Name Seller Name Document Number 29626 ......... ... ............ Document Type Deed (Reg) Mortgage History Mortgage Date 03/15/1991 02/07/1990 02/07/1990 Mortgage Amount $7,207 $32,500 $13,000 Mortgage Lender Lender Seller Mortgage Code Conventional Private Party Lender Private Party Lender Courtesy of LARA FERNANDEZ, KELLER WILLIAMS REALTY, California Regional MLS he but of Property Detail of the herein independently verified by recipient of this report with the applicable county municipality. on 03/30/2018 L ►I r ZT e - I U6b4�.g38 a o ^ ofl M On tie 0 I M � 0 c N r� • O � � O ^ M � O O N y M I O 1 '0 Oft y 'a O `-4 N � O --------------- 09I ^O _ ON ry 1111P I U6b4�.g38 a LB ^ ofl M On tie 0 •? M � 0 Otl O ^ M m M O • O G M M � O O m N ^ O M M O N O O N N 'a O `-4 N � O ON ON 0C1 ------0---- Bfl I U6b4�.g38 a L:AN D FORSALE KW:COMMERCIAL KENNETH PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CaVE #01456022 We obtained the intormation above from sources we believe to be relabie. However, we have rot verified fts accuracy and make no guarantee, warranty or representation about iL it is sib-tted subject to the possibility of errors, omssrons, dimW W price, rental or When oorffibns, prior sale, lease or financing. or withdrawal without n tioe. We iniude proecUons, cptruons, assumptions or est—tes for example only, and they may not represent current or kRure perrornance W the property. You and your tax and legal advisors sfiaxdd otx 1-1 vour awn investiaatinn of the —env and transaction. vwvw.kwcom m ercial.com -r-'04A7d6i7' ► :int:. :,_ Resume for Kenneth Patterson: 1975 to late 1979 Mess Management Specialist for USN (primary jobs: Staff Cook, Mess Manager, maintained food supplies and Buyers agent for ships food)p,I was E4 at time of discharge. Licensed as a California Real Estate Agent in 1979 Licensed as a California Real Estate Broker in 1989 Licensed as a Security Dealer with the National Association of Security Dealers (FINRA) in 1995. (Series 7 and 63 license, State of California Fixed and Variable life license) 1993-1995 Manager of Neighborhood Mortgage Corp. in Costa Mesa, Ca. (4 offices in Southern Ca.) We did over $80 million in Originating Residential and Commercial loans yearly. 1995 through 1997 Independent Security Dealer with American Express Financial Advisor. Since 1998 through 20111 managed Investment Retirement accounts for clients as an Independent Security Dealer and Small Group Health Benefits; through Lighthouse Capital Corporation out of Monterey, CA. From 1979 through 1999 I primarily sold and developed land to and for developers as an independent agent/broker. From 2000 to 2005 I incorporated residential sales into my sales activities because of demand by builders/developers I worked with. At which time I became an associate broker with Coldwell Banker Kivett-Teeters, I averaged 70 closed transactions per -year, until the recent down turn in the market. Mid -year 2005 to August 2012; Coldwell Banker Commercial Kivett-Teeters became the newest Commercial franchise. I deal in Commercial Sales, Building Leases, Ground Leases, land Sales and development. 2003-2007 I have been awarded the International Presidents Circle from Coldwell Banker International, which places me in the top 5% of Sales Associates Internationally. KW COMMERCIAL KENNETH PATTERSON DOUGLAS REYNOLDSON, 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com drenoldson@kwcommercial.com Ca%RE #01456022 We obtained the information above horn sources we believe to be reliable. However, we have not veM*d its accuracy and make no guarantee, warranty a represema`on about it. it % submitted subject to the possbidy of erras, anissons, change of price, rental or other conditions, prior sale, lease or linarcing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent i—rent or future perfomtanoe of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. www. kwcom me rcial. ro m August 2012 to Current I moved to Keller Williams Commercial as an Associate Broker in Redlands Ca. Doing the same business practices in the commercial arena, plus I now work with Asset Managers for Defaulted Notes and Real Estate, Probate and Bankruptcy Trustees. I'm also currently an Independent Financial Advisen fbu Colorado Financial Services. Kenneth Patterson KW Commercial 1473 Ford St Ste #200 Redlands, Ca. 92373 951-318-8516 cell 909-793-8200 Fax 1ke1 mffLjall&,2mail..ro>mn Ca Lic#00774852 KW COMMERCIAL KENNETH:PATTERSON DOUGLAS REYNOLDSON 1473 Ford Street Agent Commercial Real Estate Investment Advisor Redlands, CA 92373 0 909.793.2100 0 909.793.2100 C 909.478.4517 kenpcommercial@gmail.com dreyynoldson@kwcommercial.com CLARE #01456022 We obtained the information above frau sources we believe to be reliable. However, we have not verfied its accuracy and make no guarantee, warranty or representation about it. it is submited subject to the possibility of errors, antssions, charge of price, rental or other conditions, prior sale, tease a imarmdmg, or withdrawal wlhaft notice. We include pr4ecdlons, opin—, amffroa or estimates for example only, and they may not represent crrent a future performance of the property. You and your tax and legai a&sors should conduct your own investigation of the property and trarmctm. wwvv.kwcom;t,prrjal.i c