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Maricopa County Department of Transportation Purchase Agreement and Escrow Instructions Title Compan Security Title Agency Date 8/18/2020 Address 4722 N 24 Street, Ste. 200 Phone | 602-230-6297 City Phoenix, AZ 85016 Fax Escrow Officer Jason Bryant Email | jbryant@securitytitle.com Escrow No. Grantor: Corte Bella Country Club Association, Inc., an Arizona non-profit corporation Phone: | 623-328-5068 Ext 235 Contact Michael Arrington General Manager of Corte Bella Country Club Association Phone: Michael Mailing Address: _| 2155 W Mission Drive Email | Arrington@FSResidential.com City, State Zip Sun City, AZ 85375 Fax: Grantee: Maricopa County, a political subdivision of the State of Arizona Mailing Address: [ Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009 MARICOPA COUNTY shall pay directly to the Grantor, or Sub- Charges and Disbursements to be paid from Grantor's funds as deposit with the Title Company if escrowed, the purchase price plus Object | follows (check all that apply): all lawful costs incidental to closing as follows: Code I I Escrow Fees TBD [1 Total Acquisition of Grantor's Property: Full release of all Title Policy Fees TBD monetary liens and encumbrances, and leases of any kind. Title Report Pay in full all due and delinquent real property taxes and Title Report Credit general and special improvement assessments. Prorate the Total Escrow & Title Fees TBD current year's real property taxes on closings that occur on or after the 3rd Monday of August each year. Escrow Agent Recording Fees: shall withhold the prorated amounts from each party and pay Release & Reconveyance the lien of the current year's taxes in full. Release of Lease | TBDL] Partial Acquisition of Grantor's Property: Partial release of all monetary liens and encumbrances, and leases of any kind. At the discretion of Maricopa County, pay due and delinquent Total Recording Fees TBD property taxes and general and special improvement assessments, including full payment of taxes and Other Charges: assessments on individual assessor parcels within Release Fees Maricopa County's partial acquisition, and any Certificate(s) Consent Fees of Purchase. ‘The current year's taxes shall not be prorated S.R.V.W.U.A. regardless of the closing date. ‘Taxes -Prorated [ l KX] __Easement(s): Consent to easement(s) by secured party(ies). Total Other Charges (1 Other Disbursements: [ Sub Total Easements* 10.00 11 Possession date: Close of escrow: Date of recording: Special Conditions Right of Way Contract Yes KX] | NoO Total Compensation $10.00 Exhibit "B" Total Escrow & Title Costs TBD | 14 Entry Agreement Yes] | No Total Purchase Price 10.00 Addendum attached hereto and made a Yes LJ | NoX TOTAL WARRANT** 10.00 part hereof *Escrow and title policy fees based on this amount only. **Sum of "Total Closing Costs" and "Total Purchase Price" only. *** P.O.C Paid outside of closing Project: El Mirage Rd. and Corte Bella Dr. PCN: | TTO011 Assessor Parcel No.: 503-97-443, 503-53-690, 503-53-694 Item No | D-24109 Right of Way Agent: Michelle Moy Telephone # | (602)506-8684 mn... 14 ef The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the Exhibit(s) attached hereto 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 MARICOPA COUNTY, title to said property to be transferred upon execution of the conveyance by the MARICOPA COUNTY BOARD OF SUPERVISORS. ‘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 MARICOPA COUNTY.” 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. Maricopa County will pay the costs of the owner’s title insurance policy; fees associated with lender releases or loan pay-offs, including endorsements, document preparation, and other expenses related thereto; escrow fees and other charges by escrow companies incidental to the closing of escrow. In the alternative, Maricopa County 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 MARICOPA COUNTY and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the MARICOPA COUNTY BOARD OF SUPERV: ISORS 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 MARICOPA COUNTY. MARICOPA COUNTY shall be responsible to the extent that damage occurs out of MARICOPA COUNTY 's occupation of the Grantor's property caused by MARICOPA COUNTY 's negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of MARICOPA COUNTY'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. GRANTOR: Corte Bella Coun) lub Association Anc/, an Arizongfibn-profit RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: corporati LL A By: MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF Its: Board President OF TRANSPORTATION SUPERVISORS f Bae JDJ 27] 2OLED Real Property Manager Chairman of the Board ATTEST: Date Approved as to form within the powers and authority of the Board of f Clerk of the Board of Supervisors Supervisors Accepted Date ESCROW OFFICER Deputy County Attorney Date Date RES/KGR Revised 2/3/2017 EXHIBIT "B" RIGHT OF WAY AGREEMENT Parcel No.: 503-97-443, 503-53-690, 503-53-694 Project No.: TT0011 Project Name: [T0011 El Mirage Rd. and Corte Bella Dr. Item No.: D24109 (MM) WHEREAS in consideration hereinafter set forth, it is agreed that this instrument contains the entire agreement between the Grantor and Maricopa County. No further consideration is being paid than described in this agreement. THE COUNTY OF MARICOPA AGREES: A. B. Cc. To use the real property described herein for the general welfare and benefit of the public. To pay the Grantors the sum of TEN DOLLARS and No/100 Dollars ($10.00) as payment in full for the real ptoperty described herein. That, if in the opinion of the Transportation Director it becomes necessary, private structures will be relocated in kind to the Grantot’s property, clear of the property described herein, at no expense to the Grantor except as may be herein otherwise agreed. That no costs relating to construction of roadway improvements on Project No. TTO0011 will be charged to the Grantor. THE GRANTORS AGREE: 1. 2. To grant a Warranty Deed for the real property described in Exhibit "A" to the County of Maricopa for the general welfare and benefit of the public. To accept the sum of TEN DOLLARS and No/100 Dollars ($10.00) as payment in full for the property described herein. That the County, or its agents, is hereby granted the right to enter upon the remaining property of the Grantor for the purpose of accomplishing "C" above. Dana 2nf2 Road Information August 18, 2020 Maintained Side Right — — Both Maricopa County Maricopa County Ass — Left