B1. 700.24.31_F00479_PA_NULL.PDF
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Flood Control District of Maricopa County Purchase Agreement and Escrow Instructions Title Company Security Title Agency, Inc. Date 1/02/202 Address 2415 E. Camelback Road, Suite 200 Phone 602-230-6271 City Phoenix Fax 602-923-0452 Escrow Officer Adrianna Cabello Email Adrianna.cabello@securitytitle.com Escrow No. ST15241037 Grantor Joel Campos, an unmarried man Phone Contact Joel Campos Phone 213-389-2095 Mailing Address 401 S. Cleveland Avenue Email joelecampos1969@gmail.com City, State Zip Gila Bend, AZ 85337 Grantee FLOOD CONTROL DISTRICT OF MARICOPA COUNTY, a political subdivision of the State of Arizona Mailing Address Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009 The DISTRICT shall pay directly to the Grantor, or deposit with the Title Company if escrowed, the purchase price plus all lawful costs incidental to closing as follows: Sub- Object Code Charges and Disbursements to be paid from Grantor's funds as follows (check all that apply): Escrow & Title Fees: Escrow & Title Fees: TBD Total Acquisition of Grantor's Property: Full release of all monetary liens and encumbrances, and leases of any kind. Pay in full all due and delinquent real property taxes and general and special improvement assessments. Prorate the current year's real property taxes on closings that occur on or after the 3rd Monday of August each year. Escrow Agent shall withhold the prorated amounts from each party and pay the lien of the current year's taxes in full. Title Policy Fees TBD Title Report $0.00 Title Report Credit $0.00 Total Escrow & Title Fees 14 Recording Fees: Release & Reconveyance Release of Lease Total Recording Fees 14 Partial Acquisition of Grantor's Property: Partial release of all monetary liens and encumbrances, and leases of any kind. At the discretion of the DISTRICT, pay due and delinquent property taxes and general and special improvement assessments, including full payment of taxes and assessments on individual assessor parcels within the DISTRICT’s partial acquisition, and any Certificate(s) of Purchase. The current year's taxes shall not be prorated regardless of the closing date. Other Charges: Release Fees Consent Fees S.R.V.W.U.A. Taxes -Prorated Total Other Charges 14 Sub Total Total Purchase Cost: Easement(s): Consent to easement(s) by secured party(ies). Land and Improvements* $270,000.00 11 Total Purchase Cost $ Total Escrow, Title, and Other Charges TBD 14 Total Purchase Cost $270,000.00 TOTAL WARRANT** TBD *Escrow and title policy fees based on this amount only. **Sum of "Total Closing Costs" and "Total Compensation" only. Project Name: Floodprone Properties Assistance Program Project Number: 700.24.31 Assessor Parcel No.: 402-15-003A Item No. F00479 Right of Way Agent: Cherisse Young Telephone # 602-682-0000 Page 2 of 5 Project: 700.24.31 Floodprone Properties Assistance Program Parcel: 402-15-003A Item No.: F00479 The GRANTOR and GRANTEE, having agreed to execute the conveyance of certain real property rights described in Attachment A and made a part hereof, and having delivered same to the above Title Company as Escrow Agent, said agent is directed to deliver said conveyance to the DISTRICT, title to said property to be transferred upon execution of the conveyance by the FLOOD CONTROL DISTRICT OF MARICOPA COUNTY BOARD OF DIRECTORS. ௗ The Escrow Agent shall first apply the purchase price on deposit to satisfy such taxes, Deed of Trusts, leasehold interests, special assessments, and other encumbrances as may be authorized for payment, and the balance thereof shall be paid in accordance with the terms herein. Instructions to Escrow Agent: Deposit all escrowed funds in escrow account and disburse same by check; pay encumbrances in accordance with this agreement; prorate all agreed items; record such escrowed instruments as are necessary or proper in the issuance of title insurance; and pay the balance of the escrowed funds to the party or parties entitled thereto. It is further understood and agreed that the Title Company shall not be responsible for any liens or encumbrances not of record at the closing of escrow. The Right of Way Agent or Maricopa County Real Estate Department will be furnished a copy of the Grantor’s closing statement with the following certification signed by an authorized officer: “This is to certify this is a true and correct statement of disbursement of funds collected from the “DISTRICT.” The Escrow Agent is to request the Grantor acknowledge receipt of the amount shown on the closing statement as due Grantor. Either a copy of this request or a copy of a signed receipt is to be retained in the escrow file. The DISTRICT will pay the costs of the owner’s title insurance policy; fees associated with lender releases or loan payoffs, including endorsements, document preparation, and other expenses related thereto; escrow fees and other charges by escrow company’s incidental to the closing of escrow. In the alternative, the DISTRICT may, at its option, waive escrow and/or title insurance. Upon such waiver, the references to Title Company, Escrow Agent and title insurance herein are not applicable. If any element of this transaction is not handled through a title company, the conveyance will be delivered directly to the DISTRICT and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the FLOOD CONTROL DISTRICT OF MARICOPA COUNTY BOARD OF DIRECTORS and the final filing and recording of the documents. It is understood and agreed the consideration expressed herein is accepted by the Grantor as full and complete compensation for the interest being acquired. If the acquisition is a partial acquisition from a larger parcel, the consideration also includes full and complete compensation for all injury or damage to the Grantor’s remaining lands by reason of their severance from the part being acquired and the construction of the improvements in the manner proposed by the DISTRICT. The DISTRICT agrees to pay and the GRANTOR accepts the payment in full for the property described herein: x Warranty Deed for real property in the amount of TWO HUNDRED SEVENTY THOUSAND and No/100 Dollars ($270,000.00), as described and depicted in Attachment A. The DISTRICT shall be responsible to the extent that damage occurs out of DISTRICT’s occupation of the Grantor's property caused by the DISTRICT’s negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of the DISTRICT’S temporary occupancy of the property. All claims shall be submitted in accordance with the requirements of ARS 12-821. It is further agreed settlement is being made in lieu of condemnation, and therefore not admissible as evidence of value, nor for any other evidentiary purpose, in conjunction with any judicial or administrative proceeding. Page 4 of 5 Project: 700.24.31 Floodprone Properties Assistance Program Parcel: 402-15-003A Item No.: F00479 Attachment A Legal Description for Warranty Deed Page 5 of 5 Project: 700.24.31 Floodprone Properties Assistance Program Parcel: 402-15-003A Item No.: F00479 Parcel Nos. 402-15-003A Floodprone Properties Assistance Program Project NO. 700.24.31 Item No. F00479 EXHIBIT “A” Lots 3, 4, 5, 6 and 7, Block 33, GILA BEND TOWNSITE, according to Book 1 of Maps, page 57, records of Maricopa County, Arizona.