Professional Documents
Culture Documents
72201
Receiver
2111875 Century Park East, Suite 2200
Los Angeles, California 90067-2523
31lTelephone: 310.553.1500
Facsimile: 310.553.1540
41IE-Mail: djp@paslaw.com
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201lCourt's file for this case, and all other oral and documentary
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DATED: Q~ Itl.&A)vl tW,~~~ _ _
27 David J. Pasternak
Receiver
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Exh p 285 EXHIBITS VOL V - RECEIVERSHIP
W:\73235\Pleadings\Notice of Ruling Re Ex Parte 12-10-07.doc
2
NOTICE OF RULING ZERNIK V CONNOR
RE RECEIVER'S EX PARTEET AL
APPLICATION FOR ISSUANCE OF ORDER:
Exh p 286 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
""
Receiver
5 DEC 07 Z001
John A. Clarke. ExecuDve Officer/Clelk
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BY- ,Depu
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~~c~1~O
\)t.~ 1~~1
(l
SUPERIOR COURT OF THE STATE OF CALIFORNIA
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ENTER INTO MARA ESCROW
COMPANY INDEMNITY
19 AGREEMENT; AND
INSURER, OR BUYER'S
22 LENDER
23 DATE: DECEMBER 7, 2007
TIME: 8:30 A.M.
24 DEPT. X
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The Court having considered the Ex ParLe Appl.ication of
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Receiver David J. Pasternak for the issuance of an Order: (1)
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App~ovjng the escro~ documentation (including grant deed) sisned
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ii: \ 7323 5 \L·lc"d~fIt)!. \>.",ce':' ver' sExPclo r\.eOrduil2. 1
PA$'Ti'RNAK. joe
PAS 1t:RI'IAK
Exh&p 287
PATTON
III 'Ul EX EXHIBITS
PARTE ORDPR VOL V - RECEIVERSHIP
:~; APPROVING eSCROW ~OCJM£NT~rTON (INCLUC1~C eRr.NT
)~F:D) SI3NED AND SnOMITTEL '10 ESCROW BY RECF.TVF.R, ETC.
ZERNIK V CONNOR ET AL
, ... , V " " ' .... VI II V .. Irtl\ ,jlV '-II .;;J..:t .. "
L~~v C~Vt~LT M!LL~
~ un/UG:3
,1
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"- . T~e R€ceiver lS authori7.ed to siqn a~d complete the tax
2511Nivle Samaani
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Exh p 288 .J
~;\732J5\Pltadings\R~c~~~~r'~EX~.:"QOrdcrf'.
(1oe
EX EXHIBITS
PART I:: ORDER VOL
~:SD) ZERNIK
~l~NED
-( V - RECEIVERSHIP
APPROVTNG
ANDVSUBMITTF8
CONNOR
f:
TO ET
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ESCROW ~OCUMENr1\rr8N (TN(;LtJL:ING GRANT
AL BY RECEIVER, E~r.,
ESC~OW
, _ ( y , / C o . ....· v . Il.Y"" In,., vlV t:.11 vurat" L~~~ ~tVt~LY H!LL~ ~ OU;J/UU:J
IS II .:..
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32.i ~ \ P I ':'·,d.ing,> \Receiver' 31;y.Far:~Ot'(ll; Z• 3
dne:
Exh p 289 rFROPOSED J EXHIBITS
EX PAR'~'~ ORDER VOL V - RECEIVERSHIP
(1) APPROVTNG ;;SCR,Oi<l DOCUMENTATLON (IKCLUDING C,RAN'T
DEE;D) SIGNED AND SUmv,T'T1'F.:D TO ESCROW BY RECE: V~R, ETC.
ZERNIK V CONNOR ET AL
1 PROOF OF SERVICE
3 II I am employed in the County of Los Angeles, State of California. I am over the age of
eighteen years and not a party to the within action; my business address is 1875 Century Park
4 II East, Suite 2200, Los Angeles, California 90067-2523.
11 lion all interested parties in this action by placing true copies thereof enclosed in sealed envelopes
addressed as follows:
12 SEE ATTACHED LIST
13 l!J BY MAIL: I caused such envelope to be deposited in the mail at Los Angeles, California.
The en-;elope was mailed with postage thereon fully prepaid. I am "readily familiar" with
14 this firm's practice of collection and processing correspondence for mailing. It is
deposited with the u.s. Postal Service on that same day in the ordinary course of business.
15 I am aware that on motion of the party served, service is presumed invalid if postal
cancellation date or postage meter date is more than I day after date of deposit for mailing
16 in affidavit.
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Exh p 291
PASTERNAK,
EXHIBITS VOL V - RECEIVERSHIP
PASTERNAK ZERNIK V CONNOR ET AL
& PATTON 2
W:\73235\Pleadings\Proof of Service LKS jj·28·07.doc
1 Nivie Samaan v. Joseph Zernik, etc., et al.
Los Angeles County Superior Court Case No. SC 087400
2
Service List
3
4 John W. Amberg, Esq. Counsel for Non-Party.
Jenna Moldawsky, Esq. Countrywide Home Loans, Inc.
5 Bryan Cave LLP
120 Broadway, Suite 300
6 Santa Monica, CA 90401-2386
Telephone: 310.576.2100
7
Facsimile: 310.576.2200
8
Sanford Shatz, Esq. Counsel for Non-Party,
9 Todd A. Boock, Esq. Countrywide Home Loans, Inc.
Countrywide Home Loans, Inc.
10 5220 Las Virgenes Road, MS: AC-ll
Calabasas, CA 91302
11
Telephone: 818.871.6045
12 Facsimile: 818.871.4669
13 Joseph Zemik Defendant in Pro Per
In Pro Per
14 2415 Saint George Street
Los Feliz, CA 90027
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Exh p 292 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
PASTERNAK,
PASTERNAK
&PATION W:\73235\Pleadings\Proof of Service LKS \\·28-07,doc 3
Exh p 293 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
1118avid J. Paster~ak, Bar ~o. 72201
Receiver
2111375 Century Pa~k East, Suite 2200 »//
Los Angeles, Ca~ifornia 90067-2523
311':'elep!'"'.cne: 310.553.1500 FILED/-
Los ,\.\'CELES ';LPERIOR Cor;RT
Facsimile: 310.553.1540
41IE-jvluil: djp@paslaw.ccIf,
DEC 0 7 2007
5
JO~.AtfLAAK~1 :I.ERK
6 BY ERIN !=l'4~ oS:",un"
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PASTERNAK
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Exh p 294 EXHIBITS VOL V - RECEIVERSHIP 2-7:=,~\!~-=~~:==
PASTERNAK ,~
.::....~,.·
1 Receiver ~avid J. Pasternak hereby app~ies ex parte for the
411 Receiver; (2) Authorizing the Receiver to sign and sc.bmi~ tax
7 II Agreemen t "II i th Nara Escrow Company; and (4) P reh ibi t ing De fendant
13 II Receiver was appointed to close the pending escrow for the sale
1711the escrow (including the grant deed); that the Receiver needs to
22110rder ~e clese this escrew; and that based en his prior conduct,
" i,"_
~L -=~=-;~;_1 S [/: Fj..""?~t: .:'..?PL=C,:"T=C~'J FOR ~~.3~~;:.~JC2: =::- ~;=E? l-:.?t::;,CT,:-.L~~~ ~:=)~;.C:~\-
Exh p 295 EXHIBITS
[·C-~·~-~~j~C=~~:P..T-=~~ VOL
~ =~;,,~=--~'=:I::G V - ~~EE~i
r~?}:.~~~~ RECEIVERSHIP
2-=~LE=- ;_>:2 ,--.- ~:JI=~'~~= ~-= E~(~?'j:'J ~.~"
C? =A-,'~~ J.
ZERNIK V CONNOR ET AL
?~,=E=\-;~, ~~=.; ~i=~A?AT~C~ ~~S~~?~:~~
111Declaraticn of David J. Pasternak, all of t~e pleadings and
2 Ilo~~ers doc~ments in the Court's file for t~is case, and SJch
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II D.Z\.TED: December 6, 2007
J '\--J(\ ), • C(,J'N\
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David J. Pasternak
Receiver
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ZERNIK
S:=C:,=-:=T,,-EP, :::-~\~.;
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CONNOR ETr AL =-;'.'/=~ :.::.5 =-~?;~L:'-L~-<
1 DECLARATION OF DAVID J. PASTERNAK
1111 at 320 South Peck Drive, Beverly Hills, California 90212 (the
1811business days after the escrow holder submits them to Zernik for
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81lMonday, November 19, 2007, and that if he did not do so, I would
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ZERNIK V CONNOR ET AL
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1 [I Approval of Escrow Documents (Including Grant Deed) Signed and
9 II Escrow. After I was informed that Zernik had not submitted those
111127, 2007, and submitted them to Escrow. True and correct copies
201lZernik fer his signature on the same date. If Escrow does not
21 Ilreceive the signed payoff demands from Zernik by the end of the
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411from Zernik.
12 II sale) .
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Exh p 300 EXHIBITS VOL V -DE~C
RECEIVERSHIP
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ZERNIK
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CONNOR ET? AL =~:"-,-;J ~'. :;;'. .s~ES~;;'.?\
1 II Receivership Property a few weeks ago, t~at the Receivership
12 Ilarrong other things, that Zernik does not have the authority to
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Exh p 301 --'nr-.--~'~~·~.';"l-=c~,J EXHIBITS
'=t;:=,~'=:T\J~VOL V -=::~~=:
I,:;;~~~~ RECEIVERSHIP
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ZERNIK V CONNOR ET AL
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1 ~E. I have bee~ ~nformed and be:ieve that in light of the
1511defend and indemnify Mara Escrow from and against any claims,
23 II case.
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28 II .: :,-',; \ -~'" ~~ :_~,JS ?'c:",~ -,-~' ":>.?n:~~~lcc:"
1411 tl'-'.is matter restraining Zernik from communicating with its senior
1611Zernik for violating that order, alleging among other things that
21 ') l~
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HCC0r d"lncJLy, in order to timely ciose this Escrow
2311 cuier ~hat ·tIi:: prohibit Zer:--.ik from comrr,~~nicatir.:j d.irectly 'tIith
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h: ~-'_t ~:':':-.\;: _·CI·.:.··(-::J_:E:'::::-l::.tr::<,:-::.:-(:~.::t: 1 (\
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ZERNIK
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ET:? AL=h~;:= ~. ?A3~~;~0hK
6 Plaintiff's lender, T
~ Wl~~
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do so. ~t I believe that the
911pass ~t on.
10 ')')
L..L... I request this final order reluctantly, but believe
1611Plaintiff has advised me that she will lose her financing if this
1911motion.
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Exh p 304 EXHIBITS VOL V -=E~=',
RECEIVERSHIP
I
3 ?~
~~' . i have received a response email f~om Ze~nik inquiring
91lAngcles, California.
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11 l""'J ~\~. \ .~ \,'\1 \
David J. Pasternak
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Exh p 305 ~:(' ~_.>::= ~~'~ ;'.~' I EXHIBITS
~0: ':= ~ ~,r= ~ r--,~ =, -= ~:'~VOL V -:' RECEIVERSHIP
(~?~.~~~ E E 0 ;' S =: =~~:= ~ ..=:._:: ~ .:;".:: >~ -= '-=- ~:::: = -,- :~ 5 .,-= S: C:'~ 2 ':'
ZERNIK
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CONNOR =,:=-,t: ET
": AL
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1 II SHEPPARD MULLIN RICHTER & HAMPTON LLP q~
0~
333 South Hope Street, 48th Floor 'IVp •.
OrO r
4 " Los Angeles, California 90071-1448
Telet'hone: 213-620-1780 ePA
¢.,fc, ~ Ceq/:"
(-'~~/ o~/)'
5 il FacsImile: 213-620-1398 <: C/v~
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6
Anomeys for PlaintiffNivie Samaan
ipQet- ~I".f
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9 SUPERIOR COURT OF THE STATE OF CALIFORNIA
2 " appointed as Receiver to take possession, custody and control of the real property located
3 II at 320 South Peck Drive, Beverly Hills, California 90212, legally described as:
4
I Lot 252 of Tract 7710, in the Ci!y of Beverlv Hills,
5 ; County of Los Angeles, State of California, "as per map
i recorded in book g3 PAGE (S) 94 and 95 of maps in the
6 office of the recorder of said county (the "PROPERTY").
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1. Before perfonning his duties, the Receiver shall execute a Receiver's
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oath and file a bond in Department 0 with surety thereon approved by this Court, in the
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sum of $] 0.000.00, conditioned upon the faithful perfonnance of the Receiver's duties.
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11 2. Within seven (7) days of his appointment, the Receiver is to disclose
12 II to all parties any financial relationship between the Receiver and any company he hires to
13 II assist in the management of the estate.
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3. The Receiver shall have the power and the authority (a) to exclude
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Defendant and any agents, attorneys, employees or representatives thereof, or anyone
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claiming under any of them, from the Property; (b) to take possession of the Property; (c)
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to use, operate, manage and control the Property; (d) to care for, manage, preserve, protect
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and maintain the Property, and incur the expenses necessary for such care, management,
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preservation, protection and maintenance (e) to pay appropriate expenses for the Property;
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(f) to take such other steps as are reasonably necessary to care for, manage, preserve,
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protect and maintain the Property, subject to the contract for sale of the Property between
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Camden Driver, Beverly HiJls, California 90210-4409 (the "Escrowholder), for a price of
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$1,718,000 reduced by the setoffs hereinafter described; (h) if within three business days
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':."1"- 'r. I , /4
-2-
Exh p 307 W02-WEST:JMMKI\4004922111
EXHIBITS VOL V - RECEIVERSHIP
[PROPOSED] ORDER APPOINTING RECEIVER
ZERNIK V CONNOR ET AL
Exh p 308 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
7. The Receiver shall be paid his usual hourly billable rate, not to exceed
2 II $475.00. All costs incurred by the Receiver and his attorneys in the perfonnance of their
3 /I duties, including, but not limited to, their fees, shall be paid from the sale proceeds
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8. Any and all expenses of the operation of the Estate are the risk of the
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Receivership. and not the personal obligation of the Receiver.
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7 Ii 9. The Receiver may issue Receivership Certificates in increments of
8 /I $10,000.00 bearing interest at eight percent (8%) per annum for up to $50,000.00 to any
9 II person or parties. All funds loaned to the Receiver pursuant to such Receivership
10 II Certificate(s) shall be deemed to be a lien of first priority which shall be repaid prior to all
11 II other encumbrances and claims, other than costs of administration.
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10. The Receiver and the parties to this case may, at any time, apply to
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this Court for further or other instructions or orders and for further powers necessary to
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enable the Receiver to perfonn the Receiver's duties properly.
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1611 11. Upon close of escrow, the Receiver shall hold the net proceeds of the
17 II sale of the Property and before distributing it to Zernik, deduct from that amount (1) any
18 /I attorney's fees or costs granted to Samaan by this Court, (2) any damages incidental to the
19// decree of specific perfonnance granted to Samaan and (3) the Receiver's fees and expenses
20 II incurred as described herein.
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12. The parties, and each of them, on receipt of this Order shall provide
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the Receiver with the tax identification numbers utilized by the PROPERTY. The
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Receiver shall also be entitled to utilize the tax Identification numbers during his operation
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of the receivership estate.
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26 13. The Receiver shall determine upon taking possession of the estate
27 whether in the Receiver's judgment there is sufficient insurance coverage. With respect to
28 any insurance coverage, the Receiver shall be named as an additional insured on the
-4- I, - -. - -
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Exh p 309 EXHIBITS VOL V -
W02-WEST:J MMK I 14004922 I J: RECEIVERSHIP
[PROPOSED] ORDER APPOINTING RECEIVER
ZERNIK V CONNOR ET AL
1 II policies for the period that the Receiver shall be in possession of the estate. If sufficient
2 II insurance coverage does not exist, the Receiver shall immediately notify the parties to this
3 II lawsuit and shall have thirty (30) calendar days to procure sufficient all-risk and liability
4 II insurance on the estate (including earthquake and flood insurance) provided, however, that
5 if the Receiver does not have sufficient funds to do so. the Receiver shall seek instructions
6 from the Court with regard to whether insurance shall be obtained and how it is to be paid
7 II for. If consistent with existing law, the Receiver shall not be responsible for claims arising
8 II from the lack of procurement or inability to obtain insurance.
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14. The Receiver shall be authorized to pay all legal obligations of the
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PROPERTY outstanding and coming due.
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12/1 ] 5. Zernik and his respective agents, employees, representatives and
13 1/ anyone acting in concert with them are ordered forthwith to take all steps reasonably
14 1/ necessary to enable the Receiver to administer the receivership estate and to exercise
15 1/ management and control over the PROPERTY, including but not limited to:
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(a) Forthwith providing the Receiver with all keys, books of accounts,
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records, operating statements, budgets, real estate tax and other bills, notices and all
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documentation relating to the PROPERTY
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20 (b) Cooperating with the Receiver to enable him to sell PROPERTY to
21 Ir Samaan.
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Exh p 310 EXHIBITS VOL V - RECEIVERSHIP
W02-WEST'IMMKIA00492211 [PROPOSED] ORDER APPOINTING RECEIVER
ZERNIK V CONNOR ET AL
16. The parties and their respective agents, employees, representatives
2 II and anyone acting in concert with them are hereby enjoined and restrained from engaging
3 II in any action which interferes with or frustrates the Receiver's ability to administer the
4 I) receivership estate and exercise management and control over the PROPERTY.
7!1 .9<>0;>
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·J1ft>G~PERIOR~OURT
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Exh p 311 EXHIBITS VOL V - RECEIVERSHIP
W02·WESTJ MMK 1,40049221 J.J [PROPOSED] ORDER APPOINTING REC~I~ER "1
ZERNIK V CONNOR ET AL
PROOF OF SERVICE
5 liOn October 26, 2007, I served the following document(s) described as [PROPOSED]
ORDER APPOINTI!\G DAVID J. PASTER~AK AS RECEIVER on the interested
61/ party(ies) in this action by placing true copies thereof enclosed in sealed envelopes and/or
packages addressed as follows:
7/
Robert J. Shulkin, Esq. Joseph Zernik
8 The Law Department 320 S. Peck Drive
Coldwell Banker Residential Beverly Hills, California 90212
9, Brokerage Company jz 12345@earthlink.net
! 11611 San Vicente Blvd., Ninth Floor
10 Los Angeles, CA 90049~65I 0
Facsimile: (310) 447-1902
11 robert.shulkin@camoves.com
12/10 BY MAIL: I am "readily familiar" with the finn's practice of collection and
processing correspondence for mailing. Under that practice it would be deposited
13 with the U.S. postal service on that same day with postage thereon fully prepaid at
Los Angeles, California in the ordinary course of business. I am aware that on
14 motion of the party served, service is presumed invalid if postal cancellation date or
postage meter date is more than one day after date of deposit for mailing in
15 affidavit.
20110 BY ELECTRONIC MAIL: I caused to be prepared and sent an email to the party
listed below at the e-mail address shown on the service list.
21
~ STATE: I declare under penalty of peIjury under the laws of the State of
22 California that the foregoing is true and correct.
23 Executed on October 26,2007, at Los Angeles, California.
~
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David ZasJoff
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Exh p 312 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
Exh p 313 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
RECORDING REQUESTED BY:
Title #: 80701422-77
APN #: 4328-0024-023
Nivie Samaan
hereby GRANT{S) to
Nivle Samaan, a married woman, as her sole and separate property
that property in The City of Beverly Hills, Los Angeles County, State of California, described as follows:
Lot 252 of Tract 7710, in the Oty of Beverly Hills, County of los Angeles, State of California, as per Map recorded in
Book 83, Pages 94 and 95 of maps, in the office of the County Recorder of said County.
Together with all of Grantor's right, title and interest in and to that certain Oil and Gas lease, executed by and
between sammy Narens and Lylyan Narens, as Lessor, and Standard Oil Company of California, as Lessee, recorded
September 23, 1964, as Instrument No. 3156, Official Records, Los Angeles County, Catiforla
~
2J 2;Q
Exh p 314 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
/'
State of ___ ) 1 ~ T ~)(,'r __
County of ,- ft
I'~if' ~~ I~
David J. Pasternak, Receiver
On - ;.:: . 1 - --' before me, (Solely In that capacity)
I "'-- =1 \ J f> .t ,I. 1--\ v_____
a Notary Public,~rsonally appeared :.)
~',"''';,i -J- :- ):.~-.~ . ,)
personally known to me (or proved to me on the basis of 'r A <> ,0" <> -<> <> cOt <">.<""» C'b <> At"">, (
WITNESS
Signaturf !J
~YU1~ttfVJ\ (\ .
) \ ~ ,
ESCROW INSTRUCTIONS
(For PAYMENT of seller's California income tax at close of escrow)
The undersigned buyer(s) and seller(s) acknowledge that California law requires the withholding of
income tax in an amount equill to three and one third percent (3 1/3%) of the sales price or, if
applicilble, three and one third percent (3 1/3%) of the gross percentage ot ownership for non-
exempt seller(s), or an amount based upon the applicable tax rate as applied to estimated gain on
the Si3le of the property described in your ilbove numbered escrow.
You are instructed to Withhold California income tax from the seller(s) in the amount of $57,270.00,
which amount equals three and one third percent (3 1/3%) of the sales price, and pay said amount to
the Franchise Tax Board. Forward your check for silid tax, the Real Estate Withholding Tax
Statement and the Real Estilte Withholding Installment Sale Agreement, if appliCi3ble, to the Franchise
Tilx Board at close of escrow.
The undersigned buyer(s) and seller(s) acknowledge thilt the fee charged by Milril Escrow Company
for this service pursuant to Section 18662 of the California Revenue and Taxation Code is $45.00 per
Real Estate Withholding Tax Statement submitted to Franchise Tax Board. You are hereby authorized
and instructed to charge the account of seller for said service fees.
The undersigned seller(s) and buyer(s) hereby acknowledge that these instructions are irrevocable
and therefore cannot be modified or changed.
t\J\l ~
BUYER(S)
\
David J. Pasternak, Receiver (Solely in that Nivie Samaan
Capacity)
ORT180
Lelle Page 1 of 1
Mara Escrow Company is hereby authorized and requested to forward funds by its check in tile amount of
withholding tax due in connection with the transfer of real property under the above referencec escrow, together
with the required forms described below to the Internal Revenue Service on the close of escrow or within twenty
days thereafter. Said funds shall be deducted from the proceeds otherwise due the undersigned Transferor/Seller.
We, the undersigned parties, jointly and severally, acknowledge that Mara Escrow Company, its agents and/or
employees, are NOT acting as agents for us. Rather, Mara Escrow Company is merely forwarding IRS Forms
8288, 8288-A and W-7 if applicable, together with a check equal to ten (10) percent of the sales price to the
Internal Revenue Service, Philadelphia, PA 19255, as a courtesy.
We further acknowledge that Mara Escrow Company, its agents and/or employees, have not given any adVice nor
rendered any opinion in connection with the withholding tax or the preparation of any forms and hereby relieve
same of any responsibility and/or liability regarding the veracity and/or completeness of the information provided
on these forms.
We further warrant that the information set forth on IRS Form 8288, 8288-A and W-7 if applicable, which were
prepared and signed by us, IS true and correct to the best of our knOWledge.
I\;I\~~
TRANSFEREE/BUYER
ZERNIK V CONNOR ET AL
l u l n... ."JI V\.I'- 111'-" \.IIIV,-1 \,11'-" UIJVV\-o IrUlllU~I';;;U ~.;JI\..'VVVI
I acknowledge that said broker(s) heretofore was employed by me to effect a sale of the property described
under the above escrow number, that I have agreed to pay said sum to said broker(s) as their commission for
said services, and that pursuant to said employment they have produced the purchaser named therein.
Seller herein agrees that Escrow Commission Instructions may not be amended or revoked without the written
consent of Broker(s) herein.
The undersigned hereby irrevocably assigns to Broker herein a portion of their sale proceeds equal to commission
amounts as set forth above. Said commission to be paid at close of this escrow.
SELLER(S):
ill 1.C'Cf\;A , ~
Joseph H. Zernik
:alifornia Residential Purchase Agreement and Joint Escrow Instructions dated September 4, 2004, and CounterOffer No. 1 dated
5eptember 10, 2004 and CounterOffer No.2 dated September 11. 2007, by and between the buyer and seller referenced above,
s incorporated herein and made a part hereof. You are authorized to act in accordance with these instructions and any
"Imendments hereto. You are not to be concerned with, or liable for, any memoranda or other agreements between the parties
"IS contained in the attached document, except those relating to the transfer of title. I/we acknowledge receipt of your Privacy
::lolicy Notice, and prior to close of escrow, the parties to this transaction will cause any balance of funds due and/or documents
-equired of them to be deposited with you.
fhe following additional terms and conditions shall apply in this escrow:
:ONSIDERATION SUMMARY
These Special Sale Instructions are intended as a supplement to the Residential Purchase Agreement and Joint Escrow
[nstructions.
:::Iose of escrow shall be on or before 12/14/2007 and thereafter in the event no written demand is made for cancellation.
:*) cashier's check or wired funds in the amount reqUired to close escrow
:*) Preliminary Change of Ownership Report
:*) california Income Tax Withholding Notice
:*) Buyer's Estimated Closing Statement
:*) Supplemental Instructions
LEGAL DESCRIPTION: The complete legal description of subject property shall be proVided in the Preliminary Report issued by
the Title Company.
Escrow Holder is hereby instructed and authorized to complete the vesting on the Grant Deed, over Seller(s) signatures thereto,
as directed by Buyer(s).
':'~hihtt 2-
-
r:.",,-,~ ;.;~
Exh p 319 EXHIBITS VOL V - RECEIVERSHIP
Page 1 of 5
LC/lc
ZERNIK V CONNOR ET AL
\ny supplemental taxes which may be billed after closing by the Office of the County Tax Collector as a result of an event prior to
:Iosing will be handled solely between the buyer and seller outside of this escrow.
3uyer(s) is/are aware the 1st installment of GENERAL property taxes is due November 1st and a penalty will be assessed if not
Jaid by December 10th. The second installment is due February 1st and a penalty will be assessed if not paid by April 10th.
)ursuant to Insurance Code Section 12413.1, there have been gUidelines set which require the holding of funds by a Title
:ompany prior to distribution. Depending upon the type of check(s) deposited, this holding period could delay the closing of your
~scrow. In the event you wish to wire funds, rather than deposit a Cashier's Check, you may instruct your bank to wire the funds
0:
********************
(ou are hereby authorized and instructed to obtain current, written demands for the satisfaction of all matters of record that I am
:0 pay through this escrow. A current demand is defined as a written demand for payment that is not expired or that will not
~xpire by its terms prior to the close of escrow or whose date of issuance is not more than 30 days prior to close of escrow. In
:he event a demand submitted to escrow is determined not to be current within this definition, you are further authorized, at your
;ole discretion, to obtain an updated demand and to pay said updated demand as submitted without further written or verbal
nstructions from the undersigned.
(ou are hereby authorized and instructed to disburse the proceeds due the undersigned Seller(s) as per separate instructions
~ttached hereto and made a part hereof.
rhe within instruction is executed in counterpart for the purpose of facilitating its execution by the parties hereto. The
:ounterparts are to be construed and interpreted as a single document.
:m OF BEVERLY HILLS NOTIFICATION: In the event the property is in the City of Beverly Hills, you shall obtain and submit
'Jotification of Sale/Exchange of Real Property on behalf of Seller and Buyer as reqUired by the City of Beverly Hills Municipal Code
;ections 9-3.1501,9-1.102 & 9-2.112, which notification shall also conform to the reqUirements of the City of Beverly Hills relative
:0 the reqUiring of smoke detectors in residential bUildings. Seller will hand you a properly executed Notification indicating the
Jroperty is in compliance with said requirements. Escrow Holder's responsibility shall be limited to filing the Notification with the
)epartment of Building and Safety at the close of escrow.
rERMS OF THE PURCHASE: The terms of the Purchase Price are hereby amended to be as follows:
BUYER'S CLOSING COSTS: At the close of escrow, Escrow Holder is hereby authorized and instructed to debit the Seller and
:redit the Buyer an amount not to exceed $34,360.00, which amount Buyer shall apply towards Buyer's Closing Costs.
Exh
_C/le p 320 EXHIBITS VOL V - RECEIVERSHIP ':"v~-;hl~ 2.- "',.,., ", Z(.p Page 2 of 5
ZERNIK V CONNOR ET AL
SAVINGS ACCOUNT: The law concerning the disbursement of funds requires that all funds must be available for withdrawal by
and from the account of the escrow entity prior to the disbursement of any such funds. Only cash or wire transferred funds can
be considered immediately available on deposit. cashiers checks, tellers checks and certified checks may be available one
business day after deposit. All other funds are subject to mandatory holding periods which may cause delays in closing this
escrow and the disbursement of funds. In order to avoid delays, please consider that all fundings and/or deposits should be
made by wire transfer. Outgoing wire transfers will be authorized only upon confirmation of the respective incoming wire
transfer(s) or of the immediate availability of any deposited checks.
All funds received in this escrow will be commingled and deposited with other funds from other escrows in a general escrow
account or accounts at the discretion and in the name of Mara Escrow Company with any state or national bank or saVings and
loan association ("depository institution[s]") and may be transferred to any other such general account or accounts. The parties
to this escrow acknOWledge and agree that the maintenance of such escrow accounts with certain depository institutions may
result in the receipt by Mara Escrow Company of various bank services, accommodations and/or other benefits from the
depository institutions. Mara Escrow Company or its affiliates may elect to enter into other business arrangements or transactions
with or to obtain loans for investment or other purposes from such depository institutions. All such services, accommodations and
other services shall accrue to Mara Escrow Company or its affiliates, who shall have no obligations to account to the parties to this
escrow for the value of such services, accommodations or other benefits.
Funds deposited into escrow shall not earn interest unless the parties execute instructions specifically directing Mara Escrow
Company to deposit such funds in an interest bearing account. Upon receipt of such fully executed instructions along with an
executed Form W-9 from the Buyer, Mara Escrow Company will place Buyer's initial deposit and any subsequent deposits in an
interest bearing account in the name of Mara Escrow Company as Trustee for the escrow in question (134S00-LC) with Comerica
Bank-california, 10900 Wilshire Blvd., Los Angeles, CA 90024. Until such time as escrow is in a position to disburse or close
escrow as proVided herein, any accrued interest shall be credited to the account of the Buyer herein. Buyer acknowledges that
there shall be a service charge to the Buyer for the servicing of said interest bearing account. In addition, the within parties
hereby acknowledge their awareness of the fact that the Federal Deposit Insurance Corporation (FDIC) only insures depositors up
to $100,000.00.
Further, Escrow Holder will be given or proVided reasonable notice and time to comply with any instructions for bank wires to
process and complete this escrow. Accordingly, Escrow Holder's sole duty and responsibility shall be to place said wire transfer
instructions with its wiring bank upon confirmation of (1) satisfaction of conditions precedent or (2) document recordation at close
of escrow. Escrow holder will NOT be held responsible for lost interest due to wire delays caused by any bank or the Federal
Reserve System, and recommends that all parties make themselves aware of banking regulations with regard to placement of
wires.
In the event there is insufficient time to place a wire upon any such confirmation or the wires have closed for the day, the parties
agree to provide written instructions for an alternative method of disbursement. WITHOUT AN ALTERNATIVE DISBURSEMENT
INSTRUCTION. FUNDS WILL BE HELD IN TRUST IN A NON-INTEREST BEARING ACCOUNT UNTIL THE NEXT OPPORTUNITY FOR
WIRE PLACEMENT.
1. Deposit and Disbursement of Funds. Disbursements are ordinarily made by check of Escrow Holder. Escrow Holder
offers its customers the opportunity to transfer funds by wire from its depository bank. Use of a wire transfer may offer benefits
to a party who wishes to more qUickly satisfy an obligation and stop the accrual of additional interest. Escrow Holder will charge
a wire transfer service handling fee for each wire requested. Please let your escrow officer know should you require a wire
transfer of any portion of the escrow proceeds.
2. Prorations and Adjustments. All prorations and/or adjustments called for in this escrow are to be made on the basis of a
thirty (30) day month unless otherwise instructed in writing. At closing, Escrow Holder may adjust estimated amounts and
prorations and other items that may change based on the recording date. In all acts relating, but not limited to fire/hazard
insurance, rents and rental deposits, real property taxes, and interest, Escrow Holder shall presume that the information proVided
to Escrow Holder by the parties to this escrow, or their agent(s), is correct and that insurance premiums have been paid.
Exh p 321
LC/lc
~.v"""""""
EXHIBITS VOL V - RECEIVERSHIP ,"" 2- ~
. '-""';1-'
..., --,
'--' , Page 3 of 5
ZERNIK V CONNOR ET AL
b. conrllCtlng Instructions. upon receipt or any contllctlng InstructIons (other than cancellation instructions), Escrow Holder
is no longer obligated to take any further action in connection with this escrow until further consistent instructions are received
from the parties. Escrow Holder is authorized to hold all monies and/or instruments in this escrow until otherwise directed, either
by the parties' mutual written instructions or by final order of a court of competent jurisdiction. In the event of conflicting claims
to any funds or other documents, Escrow Holder shall have the absolute right, at Escrow Holder's discretion, to file an action in
interpleader requiring the parties to answer and litigate their several claims and rights amongst themselves. Any such action must
comply with the requisite interpleader statutes of the state of California in this regard.
7. Disclosure. Escrow Holder shall have no duty to disclose to any party to this escrow any information, which may come to
Escrow Holder's attention concerning this transaction unless specifically requested to do so by any party.
8. Right of Cancellation. This escrow shall be deemed canceled upon Escrow Holder's receipt of any party's instruction to
cancel the escrow. Upon receipt of a party's instructions to cancel the escrow, Escrow Holder shall distribute Cancellation
Instructions to the parties or to their agents regarding the disbursement of funds in the escrow. Escrow Holder then is no longer
obligated to take any further action in connection with this escrow until receipt of mutual non-conflicting instructions from the
parties. Upon receipt of mutual, non-conflicting instructions regarding the disbursement of funds in the escrow, Escrow Holder
shall disburse the funds in accordance with the instructions, less fees and other costs incurred in connection with the escrow. In
the absence of non-conflicting instructions regarding the disbursement of funds in the escrow, Escrow Holder is authorized and
instructed to hold all earnest money funds in accordance with the terms of Paragraph 6 above, but Escrow Holder may distribute
all funds in excess of earnest money to the depositors of the funds or their assignees at Escrow Holder's sole discretion.
9. Entire Agreement and Indemnification. These General Provisions and the joint escrow instructions received and accepted
by Escrow Holder (if applicable), shall be the whole and only agreement between the parties regarding the obligations of Escrow
Holder to complete this escrow and shall supersede and cancel any prior instructions. Escrow Holder shall disregard and assume
no responsibility for complying with any other agreement(s) between the parties, whether or not such agreement(s) have been
made a part of this escrow. To the extent of any conflicts between these General Provisions (including joint escrow instructions, if
applicable) and any other agreement(s) between the parties, these General Provisions (including joint escrow instructions, if
applicable) shall control.
10. Compliance with Regulatory Matters. Escrow Holder is not responsible or liable for determining that there has been
compliance with any matters that are excluded from coverage under the title insurance policy to be issued in conjunction with
close of this escrow including, but not limited to, county or municipal ordinances and state, county or municipal subdivision or
land division regulations or laws. Reference is made to the policy form on file with the Insurance Commissioner of the State of
California and available through the Title Company for the customer's review for a complete statement of such exclusions.
11. Licensee Status. Escrow Holder is not responsible or liable for determining that any person or entity receiving a
commission or other compensation from escrow is currently and regularly licensed, nor for communicating the license status of
any person or entity receiving a commission or other compensation from escrow to the parties herein.
12. Unclaimed Funds. After three (3) years from the deposit of funds into escrow, any amounts thereafter remaining
unclaimed may be escheated to the State of California in compliance with the State of California's Unclaimed Property Law and
Regulations.
13. Fees and Charges. The parties to this escrow agree to pay all charges, billings, advances and expenses, including
cancellation fees, that are properly chargeable to the undersigned, and further to pay any balance for fees, costs or shortages
due in connection with these instructions.
14. Payments From Escrow. Escrow Holder is acting as the disbursing agent of the parties to this escrow for all payments,
such as, but not limited to, commissions, signing service proViders, notary fees and termite inspections and/or reports, owed and
authorized herein by the parties.
15. Inspections. Escrow Holder is relieved of any obligation to order or obtain any of the inspections or reports required by
this transaction.
16. Contingencies. Escrow Holder is relieved of any obligation to monitor, schedule the timing of, or obtain any party's
compliance With, any of the contingencies reqUired by this transaction.
I have read, understand, and agree to the above, acknowledge receipt of a copy of your Privacy Policy Notice and, further
acknowledge that the title company named herein may not disburse funds received in this escrow except in accordance with the
provisions set forth in Section 12413.1 of the Insurance Code of the State of California.
Exh p 322 EXHIBITS VOL V - RECEIVERSHIP
LC/lc ZERNIK V CONNOR ET AL
2-~~.:,.~-:vp-.~k.~'
Z~ Page 4 of 5
ZERNIK V CONNOR ET AL
EXHIBITS VOL V - RECEIVERSHIP Exh p 323 ::>1/J1
:awa :A8
ANV'dWO) MmDS3 \fClV'W pal\!aJa~
'II II lJri7 • U Urlric;or
433 N. Camden Drive, Suite 510 • Beverly Hills CA' 90210' (310) 550-7400 • FAX (310) 550-7531
:alifornia Residential Purchase Agreement and Joint Escrow Instructions dated September 4. 2004. and CounterOffer No.1 25 top
dated
5eptember 10, 2004 and CounterOffer No.2 dated September 11. 2007, by and between the buyer and seller referenced above,
s incorporated herein and made a part hereof. You are authorized to act in accordance with these instructions and any
3mendments hereto. You are not to be concerned with, or liable for, any memoranda or other agreements between the parties
3S contained in the attached document, except those relating to the transfer of title. I/we acknowledge receipt of your Privacy
::>olicy Notice, and prior to close of escrow, the parties to this transaction will cause any balance of funds due and/or documents
-equired of them to be deposited with you.
fhe follOWing additional terms and conditions shall apply in this escrow:
:ONSIDERATION SUMMARY
These Special Sale Instructions are intended as a supplement to the Residential Purchase Agreement and Joint Escrow
[nstructions.
:*) Cashier's check or wired funds in the amount required to close escrow
:*) Preliminary Change of Ownership Report
:*) California Income Tax Withholding Notice
:*) Buyer's Estimated Closing Statement
:*) Supplemental Instructions
LEGAL DESCRIPTION: The complete legal description of subject property shall be provided in the Preliminary Report issued by
the Title Company.
Escrow Holder is hereby instructed and authorized to complete the vesting on the Grant Deed, over Seller(s) signatures thereto,
as directed by Buyer(s).
LC/lc Page 1 of 5
At the close of escrow, Escrow Holder is hereby authorized and instructed to pay the following licensed Real
Estate Broker(s) as a Commission for services rendered, which amount you are authorized to deduct from the
funds due me under the above numbered escrow.
I acknowledge that said broker(s) heretofore was employed by me to effect a sale of the property described
under the above escrow number, that I have agreed to pay said sum to said broker(s) as their commission for
said services, and that pursuant to said employment they have produced the purchaser named therein.
Seller herein qgrees that Escrow Commission Instructions may not be amended or revoked without the written
consent of Broker(s) herein.
The undersigned hereby irrevocably assigns to Broker herein a portion of their sale proceeds equal to commission
amounts as set forth above. Said commission to be paid at close of this escrow.
SELLER(S):
ill 1.('C1\;J\ , k
Joseph H. Zernik
;eller(s) understands and agrees that Buyer(s) shall cause to be handed to you executed loan documents in favor of the new
ender which shall be deemed approval of the terms and conditions therein. Escrow Holder is authorized to comply with the
nstructions of the lender.
3uyer(s) will furnish Escrow Holder with evidence of hazard insurance acceptable to lender. Escrow Holder is authorized and
nstructed to pay from Buyer(s) funds the premium for same unless a paid receipt is deposited into escrow. In the event subject
Jroperty is covered under a master policy, Escrow Holder is authorized and instructed to obtain a certification on behalf of
3uyer(s).
3uyer(s) is/are aware that the property will be reassessed upon change of ownership. A supplemental tax bill will be received
:hat will reflect an increase or decrease in taxes based upon the values assessed by the county.
\ny supplemental taxes which may be billed after closing by the Office of the County Tax Collector as a result of an event prior to
:Iosing will be handled solely between the buyer and seller outside of this escrow.
3uyer(s) is/are aware the 1st installment of GENERAL property taxes is due November 1st and a penalty will be assessed if not
Jaid by December 10th. The second installment is due February 1st and a penalty will be assessed if not paid by April 10th.
)ursuant to Insurance Code Section 12413.1, there have been guidelines set which require the holding of funds by a Title
:ompany prior to distribution. Depending upon the type of check(s) deposited, this holding period could delay the closing of your
~scrow. In the event you wish to wire funds, rather than deposit a Cashier's Check, you may instruct your bank to wire the funds
.0:
********************
(ou are hereby authorized and instructed to obtain current, written demands for the satisfaction of all matters of record that I am
:0 pay through this escrow. A current demand is defined as a written demand for payment that is not expired or that will not
~xpire by its terms prior to the close of escrow or whose date of issuance is not more than 30 days prior to close of escrow. In
:he event a demand submitted to escrow is determined not to be current within this definition, you are further authorized, at your
;ole discretion, to obtain an updated demand and to pay said updated demand as submitted without further written or verbal
nstructions from the undersigned.
(ou are hereby authorized and instructed to disburse the proceeds due the undersigned Seller(s) as per separate instructions
3ttached hereto and made a part hereof.
me within instruction is executed in counterpart for the purpose of facilitating its execution by the parties hereto. The
:ounterparts are to be construed and interpreted as a single document.
:::m OF BEVERLY HIllS NOTIFICATION: In the event the property is in the City of Beverly Hills, you shall obtain and submit
~otification of Sale/Exchange of Real Property on behalf of Seller and Buyer as required by the City of Beverly Hills Municipal Code
;ections 9-3.1501, 9-1.102 & 9-2.112, which notification shall also conform to the requirements of the City of Beverly Hills relative
:0 the requiring of smoke detectors in residential bUildings. Seller will hand you a properly executed Notification indicating the
JrOperty is in compliance with said requirements. Escrow Holder's responsibility shall be limited to filing the Notification with the
Jepartment of Building and Safety at the close of escrow.
fERMS OF THE PURCHASE: The terms of the Purchase Price are hereby amended to be as follows:
BUYER'S CLOSING COSTS: At the close of escrow, Escrow Holder is hereby authorized and instructed to debit the Seller and
:redit the Buyer an amount not to exceed $34,360.00, which amount Buyer shall apply towards Buyer's Closing Costs.
REPORTS AND WARRAN1Y WAIVED BY BUYER: Buyer hereby waives the requirement to receive a Natural Hazard Disclosure
?
Report, Ter~ite I,nspection Report and any work indicated by such report, and Home Warranty plan. These items are hereby
deleted In their entirety. Buyer hereby releases and relieves Escrow Holder of any and all liability and/or responsibility in
connection with these items.
SAVINGS ACCOUNT: The law concerning the disbursement of funds requires that all funds must be available for withdrawal by
and from the account of the escrow entity prior to the disbursement of any such funds. Only cash or wire transferred funds can
be considered immediately available on deposit. Cashiers checks, tellers checks and certified checks may be available one
business day after deposit. All other funds are subject to mandatory holding periods which may cause delays in closing this
escrow and the disbursement of funds. In order to avoid delays, please consider that all fundings and/or deposits should be
made by wire transfer. Outgoing wire transfers will be authorized only upon confirmation of the respective incoming wire
transfer(s) or of the immediate availability of any deposited checks.
All funds received in this escrow will be commingled and deposited with other funds from other escrows in a general escrow
account or accounts at the discretion and in the name of Mara Escrow Company with any state or national bank or savings and
loan association ("depository institution[sJ") and may be transferred to any other such general account or accounts. The parties
to this escrow acknowledge and agree that the maintenance of such escrow accounts with certain depository institutions may
result in the receipt by Mara Escrow Company of various bank services, accommodations and/or other benefits from the
depository institutions. Mara Escrow Company or its affiliates may elect to enter into other business arrangements or transactions
with or to obtain loans for investment or other purposes from such depository institutions. All such services, accommodations and
other services shall accrue to Mara Escrow Company or its affiliates, who shall have no obligations to account to the parties to this
escrow for the value of such services, accommodations or other benefits.
Funds deposited into escrow shall not earn interest unless the parties execute instructions specifically directing Mara Escrow
Company to deposit such funds in an interest bearing account. Upon receipt of such fully executed instructions along with an
executed Form W-9 from the Buyer, Mara Escrow Company will place Buyer's initial deposit and any subsequent deposits in an
interest bearing account in the name of Mara Escrow Company as Trustee for the escrow in question (134S00-LC) with Comerica
Bank-California, 10900 Wilshire Blvd., Los Angeles, CA 90024. Until such time as escrow is in a position to disburse or close
escrow as prOVided herein, any accrued interest shall be credited to the account of the Buyer herein. Buyer acknowledges that
there shall be a service charge to the Buyer for the servicing of said interest bearing account. In addition, the within parties
hereby acknowledge their awareness of the fact that the Federal Deposit Insurance Corporation (FDIC) only insures depositors up
to $100,000.00.
In the event there is insufficient time to place a wire upon any such confirmation or the wires have closed for the day, the parties
agree to proVide written instructions for an alternative method of disbursement. WITHOUT AN ALTERNATIVE DISBURSEMENT
INSTRUCTION. FUNDS WILL BE HELD IN TRUST IN A NON-INTEREST BEARING ACCOUNT UNTIL THE NEXT OPPORTUNITY FOR
WIRE PLACEMENT.
1. Deposit and Disbursement of Funds. Disbursements are ordinarily made by check of Escrow Holder. Escrow Holder
offers its customers the opportunity to transfer funds by wire from its depository bank. Use of a wire transfer may offer benefits
to a party who wishes to more qUickly satisfy an obligation and stop the accrual of additional interest. Escrow Holder will charge
a wire transfer service handling fee for each wire requested. Please let your escrow officer know should you reqUire a wire
transfer of any portion of the escrow proceeds.
2. Prorations and Adjustments. All prorations and/or adjustments called for in this escrow are to be made on the basis of a
thirty (30) day month unless otherwise instructed in writing. At closing, Escrow Holder may adjust estimated amounts and
prorations and other items that may change based on the recording date. In all acts relating, but not limited to fire/hazard
insurance, rents and rental deposits, real property taxes, and interest, Escrow Holder shall presume that the information proVided
to Escrow Holder by the parties to this escrow, or their agent(s), is correct and that insurance premiums have been paid.
3. Recordation of Instruments. If necessary or proper for the issuance of the Policy of Title Insurance requested in this
escrow, recordation of any instrument delivered to escrow is authorized. Escrow Holder is further authorized to take any action
necessary to comply with these instructions and the instructions of any lender and to execute any and all documents that may be
necessary or incidental to the carrying out of these instructions.
4. Authorization to Furnish Copies. Escrow Holder is authorized to furnish copies of these instructions and supplements
thereto, notices of cancellation, and closing statements pertaining to this escrow to the real estate broker(s) and lender(s) named
in this escrow.
5. Delivery of Non-Recorded Documents. Upon close of escrow, documents that are not required to be recorded may be
delivered by Escrow Holder by depositing same in the United States Mail, postage prepaid, addressed to the party entitled
thereto, at the mailing address proVided to Escrow Holder.
6. Conflicting Instructions. Upon receipt of any conflicting instructions (other than cancellation instructions), Escrow Holder
is no longer obligated to take any further action in connection with this escrow until further consistent instructions are received
from the parties. Escrow Holder is authorized to hold all monies and/or instruments in this escrow until otherwise directed, either
by the parties' mutual written instructions or by final order of a court of competent jurisdiction. In the event of conflicting claims
to any funds or other documents, Escrow Holder shall have the absolute right, at Escrow Holder's discretion, to file an action in
interpleader requiring the parties to answer and litigate their several claims and rights amongst themselves. Any such action must
comply with the requisite interpleader statutes of the state of California in this regard.
7. Disclosure. Escrow Holder shall have no duty to disclose to any party to this escrow any information, which may come to
Escrow Holder's attention concerning this transaction unless specifically requested to do so by any party.
8. Right of Cancellation. This escrow shall be deemed canceled upon Escrow Holder's receipt of any party's instruction to
cancel the escrow. Upon receipt of a party's instructions to cancel the escrow, Escrow Holder shall distribute Cancellation
Instructions to the parties or to their agents regarding the disbursement of funds in the escrow. Escrow Holder then is no longer
obligated to take any further action in connection with this escrow until receipt of mutual non-conflicting instructions from the
parties. Upon receipt of mutual, non-conflicting instructions regarding the disbursement of funds in the escrow, Escrow Holder
shall disburse the funds in accordance with the instructions, less fees and other costs incurred in connection with the escrow. In
the absence of non-conflicting instructions regarding the disbursement of funds in the escrow, Escrow Holder is authorized and
instructed to hold all earnest money funds in accordance with the terms of Paragraph 6 above, but Escrow Holder may distribute
all funds in excess of earnest money to the depositors of the funds or their assignees at Escrow Holder's sole discretion.
9. Entire Agreement and Indemnification. These General Provisions and the joint escrow instructions received and accepted
by Escrow Holder (if applicable), shall be the whole and only agreement between the parties regarding the obligations of Escrow
Holder to complete this escrow and shall supersede and cancel any prior instructions. Escrow Holder shall disregard and assume
no responsibility for complying with any other agreement(s) between the parties, whether or not such agreement(s) have been
made a part of this escrow. To the extent of any conflicts between these General Provisions (including joint escrow instructions, if
applicable) and any other agreement(s) between the parties, these General Provisions (including joint escrow instructions, if
applicable) shall control.
10. Compliance with Regulatory Matters. Escrow Holder is not responsible or liable for determining that there has been
compliance with any matters that are excluded from coverage under the title insurance policy to be issued in conjunction with
close of this escrow including, but not limited to, county or municipal ordinances and state, county or municipal subdivision or
land division regulations or laws. Reference is made to the policy form on file with the Insurance Commissioner of the State of
California and available through the Title Company for the customer's review for a complete statement of such exclusions.
11. Licensee Status. Escrow Holder is not responsible or liable for determining that any person or entity receiving a
commission or other compensation from escrow is currently and regularly licensed, nor for communicating the license status of
any person or entity receiving a commission or other compensation from escrow to the parties herein.
13. Fees and Charges. The parties to this escrow agree to pay all charges, billings, advances and expenses, including
cancellation fees, that are properly chargeable to the undersigned, and further to pay any balance for fees, costs or shortages
due in connection with these instructions.
14. Payments From Escrow. Escrow Holder is acting as the disbursing agent of the parties to this escrow for all payments,
such as, but not limited to, commissions, signing service providers, notary fees and termite inspections and/or reports, owed and
authorized herein by the parties.
15. Inspections. Escrow Holder is relieved of any obligation to order or obtain any of the inspections or reports reqUired by
this transaction.
16. Contingencies. Escrow Holder is relieved of any obligation to monitor, schedule the timing of, or obtain any party's
compliance with, any of the contingencies reqUired by this transaction.
I have read, understand, and agree to the above, acknowledge receipt of a copy of your Privacy Policy Notice and, further
acknowledge that the title company named herein may not disburse funds received in this escrow except in accordance with the
provisions set forth in Section 12413.1 of the Insurance Code of the State of California.
BUYER
Nivie Samaan
SELLER
Joseph H. Zernik
By: Date:
ESCROW
ESCROW COMMISSION
COMMISSION INSTRUCTIONS
INSTRUCTIONS
To:
To: Mara
Mara Escrow
Escrow Company
Company
433 N. Escrow
Escrow No.:
No.: 134500_LC
134500-LC
433 N. Camden
Camden Drive,
Drive, Suite
Suite 510
510
Beverly Propefi:
Property: 320.S^o,feck
320 So. Peck Drive,
Drive, Beverly
Beverly Hills,
Hills CA
CA
Beverly Hills,
Hills, CA
CA 90210
90210
90212_3715
90212-3715 '
At
At the
the close
close of
of escrow'
escrow, Escrow
Escrow Holder
Holder is
is hereby
hereb authorized
auth . .
andinstructed
Estate Broker(s) as a Commission for services ~ende o~zedh~nhd Instructed to
to pay
pay the
the following
following licensed
licensed Real
Real
*r,,.r,.,o,nlvo,"uiu
funds due me under the above numbered escrow. re, w IC amount you are u,*,orized
,i'ji:..r#f1:H::f:Tffl:l,Hji*,:::,:il:.,"i, authorized toieJuct
to deduct rrom
from the
the
Pay
Pay Commission
Commission to:
to: Coldwell
Coldwell Banker
Banker
166 $42'950'oo
$42,950.00
North
166 North canon
Canon Drive
Drive
Beverly
Beverly Hills,
Hills, CA
CA 90210
90210
Agent:
Agent: Michael
Michael J.
J. Libow
Libow
Phone:
Phone: (310)273-3113
(310)273-3113
Fax:
Fax: (310)
(310) 278-4934
278-4934
Pay
Pay Commission
Commission to:
to: Gilleran
Gilleran Griffin
Griffin Company
Company $42,950.00
942,950.00
1333 Westwood Boulevard
1333 Westwood Boulevard Suite
Suite 101
101
Los
Los Angeles,
Angeles, CA
CA 90024
90024
Agent:
Agent: Nivie
Nivie Samaan
Samaan
Phone:
Phone:
Fax:
Fa~:
Date: November
Date: November L5,
15, ZOOT
2007 :1
acknowledge that
I acknowledge said broker(s)
that said broker(s) heretofore
heretofore was
was employed
employed byby me
me to
to effect
effect aa sale
sale of the property
of the property described
described
under the above escrow number, that I have agreed
under the above escrow number, that I have agreed to pay
to pay said
said sum
sum toto said
said broker(s)
broker(s) asas their commission for
their commission for
said services, and
said services, that pursuant
and that pursuant to
to said
said employment have produced
they have
employment they produced thethe purchaser
purchaser named
named therein.
therein.
SELLER(S):
SELLER(S):
ill
ftntonn,n;^-
1.('W\;J\ , ~
Joseph H.
Joseph H. Zernik
Zernik
SPECIAL
SPECIAL SALE
SALE I NSTRUCTIONS
INSTRUCTIONS
TO MARA ESCROW
TO MARA ESCROW COMPANY
COMPANY
Property Address: 320
Property Address: 320 So.
So.
peck
Drive
Peck Drive Escrow
Escrow No.:_----=.c13=-4c..=S.OO-LC
No.: 134S00-LC _
Beverly Hills, CA 9OZI2-37Ls
Beverly Hills, CA 90212-3715 Escrow
Escrow Officer: liz
Officer: Cohen
Liz Cofren
Ou,.'
Date: November 16, 2007_ _~
:alifornia Residential Purchase Agreement and Joint Escrow Instructions dated d.atedSeptember
September 4,4.2004.
2004.and
andCounterOffer
CounterOffer No.1
No. 1dated
dated
byand
andbetween
;;ffi; ilil ";;J"=,ilffi#:":,"r-.",
:;eptember 10. 2004 and CounterOffer No.2 dated September 11. 2007, by between the
thebuyer
buyerand
andseller
sellerreferenced
referenceaabove,
aUove,
s incorporated herein and made a part hereof. You are authorized to act in accordance with these instructions and any
";;"";'in"'i1.i,'"1
l:"',::"-J-.^r.:j""i::.I^!: ::.T:r.r:dwith,.oL tiabtefor,
tmendmentS hereto Yntt arp nnf fn ha aan^o'^oA r.,il!. ^- I-Lr- E^- - ' .
3mendments hereto. You are not to be concerned with, or liable for, anymemoranda
any memorunJu o'.other
or other asreeru"tbetween the parties
agreements
l}y|,lffi: ':Jiffj1'j:i,:":?T::.1*:'::r'^T;^"-::r*p.-t:-:1"-transrer
]$:*:::
ortitre.
rfwi;;k#*il;;';&;;ff
3S contained in the attached document, except those relating to the transfer of title. I/we acknowledge receipt of your Privacy i#;
:lolicy
'equired
,aarriraA
-equired of ofthem
themto
nf lh^'-
tobe
bedeposited
deposited
+^ 1^^ -l^-^^:!^l ..-lL - -- - -
you.
withyou.
with
d;#;'';;e;H;r/"ffiffi;l
Notice, and prior to close of escrow, the parties to this transaction will cause any balance of funds due and/or documents
fhe following
fhe follOWing additional
additional termsand
terms andconditions
conditionsshallapply
shall applyininthis
thisescrow:
escrow:
SONSIDERATIONSUMMARY
:ONSIDERATION SUMMARY
Paid OutsideEscrow
Escrow 0.00
:laid
:undsOutside $$ 0.00
Through Escrow
=unds Through Escrow $ 172,500.00
$ 172,500.00
ixisting Encumbrances
::xisting Encumbrances 0.00
$$ 0.00
0.00
$$ 0.00
\ew Encumbrances
'Jew Encumbrances 1,288,500.00
$$ 1,288,500.00
257,000.00
$ 257,000.00
0.00
$ 0.00
fotal Consideration
fotal Consideration 1,719,000.00
$ 1,718,000.00
rhese
These Special
Special Sale
Sale Instructions
Instructions are
are intended
intended as
as a
a supplement
supplement to the Residential purchase
the Residential Purchase Agreement
Agreement and
and Joint
Joint Escrow
Escrow
lnstructions.
Instructions.
3lose
:Iose of
of escrow
escrow shall
shall be
be on
on or
or before
before r2lr4l2oo7
12/14/2007 and
and thereafter
thereafter in the
the event
event no written
written demand
demand is
is made
made for
for cancellation.
cancellation.
lhe
fhe undersigned
undersigned Buyer(s)
Buyer(s) shall
shall cause
cause to
to be handed you:
be handed you:
l*)
:*) cashier's
Cashier's check
check or
or wired
wired funds
funds in
in the
the amount
amount required
reqUired to
to close
close escrow
escrow
l*)
:*) Preliminary Change of Ownership
Preliminary Change of Ownership ReportReport
l*)
:*) Glifornia
California Income
Income Tax
Tax Withholding
Withholding Notice
Notice
l*)
:*) Buyer's Estimated Closing
Buyer's Estimated Closing Statement
Statement
:*)
:*) Supplemental
Supplemental Instructions
Instructions
:*)
:*) Executed
Executed loan
loan documents
documents
l*)
:*) Readand approved
Read and approved inspection
inspection and/or
and/orcompletion
completion report(s)
report(s)
Ihe
fhe undersigned
undersignedSeller(s)
Seller(s)shall
shallcause
causeto
tobe handedyou:
behanded you:
:*)
:*) Grant
GrantDeed
Deedininfavor
favorof
ofthe
theBuyer(s)
Buyer(s)
l*)
:*) Selle(s) Estimated Closing
Seller(s) Estimated ClosingStatement
Statement
:*)
i*) Glifornia
CaliforniaIncome
IncomeTax
TaxWithholding
WithholdingNotice
Notice
i*)
:*) IRS
IRSReporting
Reportingforms,
forms,as
asapplicable
applicable
(*)
[*) Read and approved demand(s)
Read and approved demand(s)
(*)
~*)
Read
Readand
andapproved
approvedbill(s)
bill(s)
LEGAL
LEGALDESCRIPTION:
DESCRIPTION: The
Thecomplete
completelegal
legaldescription subjectproperty
descriptionofofsubject propertyshall beprovided
shallbe thepreliminary
providedininthe PreliminaryReport
Reportissued
issuedby
by
theTitle Company.
the Title Company.
Escrow
EscrowHolder
Holderisishereby
herebyinstructed
instructedand
andauthorized
authorizedtotocomplete thevesting
completethe vestingon
onthe
theGrant
GrantDeed,
Deed,over
overSelle(s)
5eller(s)signatures
signaturesthereto,
thereto,
asdirected by Buyer(s).
as directed by Buyer(s).
3uyer(s)is/are awarethat
3uyer(,s) is/are aw~re that the propertywill
the property will be
be reassessed
reassessed upon
upon change
change of ownership.
ownership. AA supplemental
supplemental tax
tax bi,
bill will
will be received
:hat will reflect an increase or decrease in be received
taxes
:hat Will reflect an Increase or decrease in taxes based
based upon
upon the
the values
values assessed
assessed by
by the
the county.
county.
luyer(s)is/areaware
3uyer(s) is/are aware the 1st installment
the 1st installment of
of GENERAL
GENERAL property
property taxes
taxes is
is due
due November
November 1st1st and
and a
a penalty
penalty will
will be
be assessed
assessed if
if not
not
raid by December
Jaid by 10th' The
December 10th. The second
second installment
installment is
is due
due Februiry
February 1st and a penalty
1st and penalty will
will be
be assessed
assessed if
if not
not paid
paid by
by April
April 10th.
10th.
xxx****** PLEASE NOTE*******x
********* PLEASE NOTE********
SOODFUNDS
:iOOD FUNDS LAW
LAW
Sank:
3ank: Comerica
Comerica Bank-California
Bank-California
\ddress:
\ddress: 10900
10900 Wilshire
Wilshire Blvd.
Blvd.
Los
Los Angeles,
Angeles, CA
CA 90024
90024
\BA/RoutingNo.:
\BA/Routing No.: 121737522
121137522
:or
=or Further
Further Credit
Credit to: Mara
Mara Escrow
Escrow Company
Company
\ccount
\ccount No.
No. 1891023507
1891023507
\ttention:
\ttention: Liz
Liz Cohen
Cohen
iscrow
:scrow No.:
No.: 134500
134500
x******x************
********************
/ou
(ou are
are hereby
hereby authorized
authorized and
and instructed
instructed to
to obtain
obtain current,
current, written
written demands
demands forfor the
the satisfaction
satisfaction ofof all
all matters
matters ofof record
record that
that II am
am
.o pay through this escrow' A current demand is defined as a written
:0 pay through this escrow. A current demand is defined as a written demand fordemand payment
for payment thatthat is
is not
not expired
expired or
or that
that will
will not
not
:xpire
~xpire by
by its terms prior
its terms prior to
to the
the close
close of
of escrow
escrow or
or whose
whose date
date of
of issuance
issuance is
is not
not more
more than
than 30 days prior
30 days prior io
to close
close of
of escrow.
escrow. In In
:he
:he event
event aa demand
demand submitted
submitted to to escrow
escrow is
is determined
determined not
not to
to be
be current
current within
within this definition, you
this definition, you are
are fufther
further authorized,
authorized, atat your
your
;ole
;ole discretion,
discretion, toto obtain
obtain an
an updated
updated demand
demand and to pay
and to pay said
said updated
updated demand
demand as as submitted
submitted without
without further
further written or verbal
written or verbal
nstructions
nstructions from the undersigned.
from the undersigned.
/ou
(ou are
are hereby
hereby authorized
authorized and
and instructed
instructed to
to disburse the proceeds
disburse the proceeds due
due the
the undersigned
undersigned Selle(s) as per
Seller(s) as per separate
separate instructions
instructions
3ttached hereto
rftached hereto and
and made part
made aa part hereof.
hereof.
fhe
me within
within instruction
instruction is
is executed
executed in counterpart for
in counterpart the purpose
for the purpose of
of facilitating
facilitating its
its execution
execution by the parties
by the parties hereto.
hereto. The
The
:ounterparts are
:ounterparts are to
to be
be construed and interpreted
construed and interpreted as
as aa single
single document.
document.
3uyer's/Borrower's Vesting
3uyer'siBorrower's Vesting is
is amended
amended as
as follows:
follows:
:::m OF
:ITY OF BEVERLY HILLS NOTIFICATION:
BEVERLY HILLS NOTIFICATION: In In the
the event the propefi
event the property is
is in
in the
the City
City of
of Beverly Hills, you
Beverly Hills, you shall
shall obtain
obtain and
and submit
submit
\otification of Sale/Exchange of Real Propefi on behalf of Seller and Buyer as required by the City of Beverly
\Jotification of Sale/Exchange of Real Property on behalf of Seller and Buyer as required by the City of Beverly Hills Municipal Code HillsMunicipal Code
iections 9-3.1501, 9-1.102
;ections 9-3.1501, 9-1.102 & 9-2.112, which
& 9-2.112, which notification
notification shallalso
shall also conform
conform to the requirements
to the reqUirements of ofthe
the CiW of Beverly
City of Beverly Hills
Hills relative
relative
:o the requiring
:0 the requiring of smoke detectors
of smoke detectors in
in residential
residential buildings. Seller will
buildings. Seller hand you
will hand you aa properly
properlyexecuted
executed Notification
Notificati?n indicating
in?icati~gthethe
:roperty is in compliance with saidrequirements. Escrow
Jroperty is in compliance with said reqUirements. Escrow Holder's responsibility shall
Holder's responsibility shall be
be limited to filing
limited to the Notification
filing the Notification with
With the
the
)epartment
)epartment of of Building
Building and Safety at
and Safety at the
the close
close of
ofescrow.
escrow.
IERMS OF THE
rERMS OF PURCHASE: The
THE PURCHASE: The terms
terms of the Purchase
ofthe Purchase Price are hereby
Price are herebyamended
amended to
to be as follows:
be as follows:
Money Deposit
Earnest Money
Earnest Deposit $30,000.00
$30,000.00
Balance of
Balance Down Payment
of Down Payment $142,500.00
$142,500.00
New lst Loan
New 1st Loan $1,288,500.00
$1,288,500.00
New 2nd Loan
New 2nd Loan $257,000.00
$257,000.00
TOTAL CONSIDERATiON
TOTAL CONSIDERATION $1,718,000.00
$1,718,000.00
Beverty Hills, CA
Date: November
Date: November L6,2007
16, ZOO7
9O2IZ-37Ii
Beverly Hills, CA 90212-3715
REPoRTS
ANDWARRANTY
~;~~T;
Report'a¢;~i:AI~:~~::~VpE~
TermiteInspectionReportBY
and
BUYER: kB~Yde~
WAIVEDBYBUYER'
PYy:,'hereby waives
hereby waives
d anywork indicatediy
therequirement
the requirement toreceive
to receiveaaNatural
Naturar Hazard
Hazard Disclosure
Discrosure
0 an any wor In Icated by such suchreport,
report,and
andHome
HomeWarranty
warrantyplan ptan.These
ineseitems
itemsare
, , "
herebv areher b
hereby
deleted .In th~lr entirety. Buyer hereby releases
releases andrelieves
and relievesElcrow
Escrow Hotdei
Holder of
of rno
any and all
ailliability
tiabitityand/'or
and/or respo 'b""ty' e y
351""t51,i"t1il:H::*ite;:f|,
connection with these items. "nv responsibitity
nSI I I Inin
Deposited
Deposited FundsGenerally
Funds GenerallyBearNo
Bear NoInterest
Interest
Allfunds
All fundsreceived
received inthis
in thisescrow
escrowwill
willbe
becommingled
commingled anddeposited
and deposited withother
with otherfunds
fundsfrom
fromother
otherescrows
escrowsin in aa general
generalescrow
escrow
account or accounts
account or accounts at at the
the discretion
discretion andin
and inthe
the name
nameof of Mara
MaraEscrow
EscrowCompany
Company withany
with anystate
stateor
or nationalbankor
national bank or savings
savingsand
and
loanassociation
loan association ("depository
("depository institution[s]land
institution[s]") andmay
maybe betransferred
transferred to any
to anyother
othersuch generalaccount
suchgeneral accguntor or accounts.
accounts.The Theparties
parties
to this
to thisescrow
escrowacknOWledge
acknowledge andagree
and agreethat
thatthe
the maintenance
maintenance of such
of suchescrow
escrowaccounts
accounts with certain
with certaindepository
cJepository institutions
institutions may
may
resultin
result in the receiptby
the receipt by Mara
MaraEscrow
EscrowCompany
Company of variousbank
of various bankservices,
services, accommodations
accommodations and/orotherbenefitsfromthe
and/or other benefits from the
depository
depository institutions.Mara
institutions. MaraEscrow
EscrowCompany
Company or its
or itsaffiliates
affiliatesmay
mayelect
electtoto enter
enterinto
intoother
otherbusiness
business arrangements
arrangements or
or transactions
transactions
with or to obtain loans for investment or other purposes
with or to obtain loans for investment or other purposes from fromsuch
suchdepository
depository institutions.All
institutions. Allsuch
suchservices,
services, accommodations
accommodations and
and
otherservices
other services shallaccrue
shall accruetoto Mara
MaraEscrow
EscrowCompany
Company or its
or itsaffiliates,
affiliates,whoshall
who shallhave
havenono obligations
obligations to
to account
accountto to the partiesto
the parties to this
this
escrowfor
escrow for the valueof
the value of such
suchservices,
seruices, accommodations
accommodations or other
or otherbenefits.
benefits.
B. Option
B. OptionFor
ForInterest
InterestBearing
BearingAccount
Account
Fundsdeposited
Funds depositedinto
intoescrow
escrowshall
shallnot
not earn
earninterest
interestunless
unlessthe partiesexecute
the parties executeinstructions
instructions specifically directingMara
specifically directing Mara Escrow
Escrow
Company to deposit such funds in an interest bearing account. Upon
Company to deposit such funds in an interest bearing account. Upon receipt receipt of suchfully
such fully executed instructions
executed instructions along
along with
with an
an
executedForm
executed FormW-9
W-9 from
fromthe
the Buyer,
Buyer,Mara
MaraEscrow
EscrowCompany
Company will placeBuyer's
will place Buyer's initial depositand
initial deposit and any
any subsequent
subsequent deposits in an
deposits in an
interestbearing
interest bearingaccount
accountinin the nameof
the name MaraEscrow
of Mara EscrowCompany
Company as Trusteefor
as Trustee for the
the escrow
escrow inin question
question (134500-LC)
(134500-LC) with
with Comerica
Comerica
Bank-California,
Bank-California, 10900Wilshire
10900 WilshireBlvd.,
Blvd.,Los
LosAngeles, CA90024.
Angeles, CA 90024. Until
Untilsuch
such time
time asas escrow
escrow is in a position
is in position to disburse
disburse or close
close
escrowas
escrow providedherein,
as provided herein, any accruedinterest
any accrued interestshall be credited
shall be credited to the
the account
account of thethe Buyer
Buyer herein.
herein. Buyer
Buyer acknowledges
acknowledges that
that
there
there shall be a
shall be a service
service charge
charge to the
the Buyer
Buyer for
for the
the servicing
servicing of said
said interest
interest bearing
bearing account.
account. In addition, within parties
the within
addition, the parties
hereby
hereby acknowledge
acknowledge their
their awareness
awareness of the
the fact
fact that
that the
the Federal
Federal Deposit
Deposit Insurance Corporation (FDIC)
Insurance Corporation (FDIC) only
only insures
insures depositors
depositors up
up
to
to $100,000.00.
$100,000.00.
.., I
,
Fufther, Escrow Holder
Further, Escrow Holder will be given
will be or provided
given or proVided reasonable
reasonable notice
notice and
and time
time to comply
comply with
with any
any instructions
instructions for bank wires to .' ''
bank wires
process
process and complete this
and complete this escrow.
escrow. Accordingly,
Accordingly, Escrow
Escrow Holder's
Holder's sole
sole duty and responsibility
duty and responsibility shall
shall be to place
be to place said
said wire
wire transfer
transfer
instructions with its wiring bank upon confirmation
instructions with its wiring bank upon confirmation of (1) satisfaction
(1) satisfaction of conditions precedent
conditions precedent or (2) document
document recordation
recordation at close
close
of
of escrow. Escrow holder
escrow. Escrow holder will
will NOT
NOT be
be held
held responsible
responsible for
for lost
lost interest
interest due
due to wire
wire delays
delays caused
caused by any
any bank
bank or the
the Federal
Federal
Reserue System, and
Reserve System, and recommends
recommends that all parties
that all parties make
make themselves
themselves aware
aware of banking
banking regulations
regulations with regard to placement
with regard placement of
wires.
wires.
2.
2. Prorations and
Prorations Adjustments. All
and Adjustments. All prorations
prorations and/or
and/or adjustments
adjustments called for in
called for in this
this escrow are to
escrow are be made
to be made on on the
the basis
basis of
of aa
(30) day month
thirty (30) day
thirty month unless
unless otherwise instructed in writing.
otherwise instructed in writing. At At closing,
closing, Escrow Holder may adjust
Escrow Holder may adjust estimated
estimated amounts
amounts andand
prorations
prorations and other items
and other items that
that may
may change
change based
based on on the
the recording
recording date.
date. In
In all acts relating,
all acts relating, but
but not
not limited
limited to
to fire/hazard
fire/hazard
insurance,
insurance, rents and rental
rents and rental deposits, real propefi
deposits, real property taxes,
taxes, and
and interest,
interest, Escrow
Escrow Holder shall presume
Holder shall presume that
that the information provided
the information provided
to Escrow Holder by the parties to this escrow, or their agent(s), is premiums paid.
Exh p 339
to Escrow Holder by the parties to this EXHIBITS VOL V - RECEIVERSHIP
escrow, or their agent(s), is correct
correct and
and that
that insurance
insurance premiums have
have been
been paid.
LC/tc
LC/lc
ZERNIK V CONNOR ET.i.\rhri
AL
;:X";h" Z ;"'-".' n1-7
2-- =*.,, Page
Page 33of
of55
Escrow
Escrow Officer:
Officer: Liz
Liz Cohen
Cohen Escrnw
Esc'nwNo.:
No.: 134S00-LC
134500-LC
Property
Property Address:
Address: 320So.
320 So.Peck
Peck Drive
Drive Date: November
Date: November16, 2007
16,2007
Beverly
Beverly Hills,
Hills, CA90212-3715
CA 902I2-37Ls
3.3. Recordation
Recordation ofofInstruments.
Instruments. IfIfnecessary
necessary or proper
orproper forthe
for theissuance
issuance ofthe
of thePolicy
PolicyofofTitle
TitleInsurance
Insurance requested
requested ininthis
this
escrow'
escrow, recordation
recordation ofany
of anyinstrument
instrument delivered
delivered totoescrow
escrow isisauthorized.
authorized, Escrow
Escrow Holder
Holder isisfurther
furtherauthorized
authorized to
to takeanyaction
take any action
necessary
necessary totocomply
comply withthese
with theseinstructions
instructions andthe
and theinstructions
instructions ofany
of anylender
lender andtotoexecute
and any
anyand
andall
alldocuments that
thatmay
execute documents maybe
be
necessary
necessary or incidental
orincidental totothe
thecarrying
carrying outofofthese
out theseinstructions.
instructions.
4.4' Authorization
Authorization totoFurnish
Furnish Copies'
Copies. Escrow
Escrow Holder
Holder isisauthorized
authorized tofurnish
to furnishcopies
copiesofofthese
theseinstructions
instructionsand
andsupplements
supplements
thereto,
thereto, notices
notices ofcancellation,
of cancellation, andclosing
and closing statements
statements pertaining
pertaining tothis
to thisescrow
escrowto the realestatebroker(s)
to the real estate broker(s) and
andlender(s)
lender(s)named
named
ininthis
thisescrow.
escrow.
5.5' Delivery
Delivery ofNon-Recorded
of Non-Recorded Documents.
Documents. Uponclose
Upon closeof
ofescrow,
escrow, documents
documents that
thatare
arenot
notrequired
requiredto
tobe
berecorded
recorded may
maybe
be
delivered by Escrow Holderby depositing sameininthe
delivered by Escrow Holder by depositing same theUnited
United States
States postage
Mail,postage
Mail, prepaid,
prepaid, addressed
addressed to
tothe
theparty
partyentitled
entiged
thereto,
thereto, atthe
at themailing
mailing address
address provided
provided toEscrow
to Escrow Holder.
Holder.
6.6. Conflicting
Conflicting Instructions.
Instructions. Uponreceipt
Upon receipt ofany
of anyconflicting
conflicting instructions
instructions (otherthan
(other thancancellation
cancellation instructions),
instructions), Escrow
Escrow Holder
Holder
isisno
nolonger
longerobligated
obligated totake
to takeany
anyfurther
furtheraction
actionininconnection
connection withthis
with thisescrow
escrowuntil
untilfurther
furtherconsistent
consistent instructions
instructions are received
are received
fromthe
from parties.
theparties. Escrow
Escrow Holderisisauthorized
Holder authorized tohold
to holdall
allmonies
monies and/orinstruments
and/or instruments inthis
in thisescrow
escrowuntil
untilotherwise
otherwise directed,
directed, either
either
bybythe parties'mutual
theparties' writteninstructions
mutual written instructions orby
or byfinal
finalorder
orderofofaacourt
courtof
ofcompetent
competent jurisdiction.
jurisdiction. In the event of conflicting claims
In the eventof conflictingclaims
totoany fundsor
anyfunds orother
otherdocuments,
documents, Escrow
Escrow Holdershall
Holder shallhave
havethe
theabsolute
absolute right,at
right, at Escrow
Escrow Holder's
Holder's discretion,
discretion, to
tofile
filean
anaction
a&ioninln
interpleader
interpleader requiring
requiring the partiesto
theparties toanswer
answerandandlitigate
litigatetheir
theirseveral
several claimsand
claims and rightsamongstthemselves.
rights amongst themselves. Any
Anysuchactionmust
such action must
complywith
comply withthe
therequisite
requisite interpleader
interpleader statutes
statutes ofthe
of thestate
stateof
ofCalifornia
California in this regard.
in this regard.
7.7. Disclosure.
Disclosure. Escrow
Escrow Holdershall
Holder shallhave
havenonoduty
dutyto
todisclose
disclose to any
to partyto
anyparty to this
thisescrow
escrowany
anyinformation,
information,which
whichmay
maycome
cometo
to
EscrowHolder's aftentionconcerning
Escrow Holder's attention concerning thistransaction
this transactionunlessspecifically
unless specifically requested
requested to do
to doso
soby
byany party.
anyparty.
B.
8. Rightof
Right ofCancellation.
Cancellation. Thisescrow
This escrowshall
shallbe
bedeemed
deemedcanceled
canceled uponEscrow
upon Escrow Holder's
Holder's receiptof
receipt of any party'sinstruction
anyparty's instruction to
to
cancelthe
cancel theescrow.
escrow.UponUponreceipt
receiptof party'sinstructions
of aa party's instructions to cancel
to cancelthe theescrow,
escrow,Escrow
EscrowHolder
Holdershall distribute Cancellation
shalldistributeCancellation
Instructions
Instructions to the
to partiesor
theparties or to
to their
theiragents
agentsregarding
regarding thedisbursement
the disbursement of funds
of fundsininthe
theescrow.
escrow.Escrow
EscrowHolder
Holderthen
thenisis no
no longer
longer
obligated
obligated to take
to takeany
anyfurther
furtheraction
actionin in connection
connection withthis
with thisescrow
escrowuntiluntilreceipt
receiptof
of mutualnon-conflicting
mutual non-conflicting instructions
instructions from
fromthe
the
parties'Upon
parties. Uponreceipt
receiptofof mutual,
mutual,non-conflicting
non-conflicting instructions
instructions regarding
regarding thedisbursement
the disbursement of funds
of fundsinin the
the escrow,
escrow,Escrow
EscrowHolder
Holder
shalldisburse
shall disburse thefunds
the fundsininaccordance
accordance withthe
with theinstructions,
instructions, lessfees
less feesand
andother
othercosts
costsincurred
incurredinin connection
connection with
with the
the escrow.
escrow.In In
the absence of non-conflicting instructions regarding
the absence of non-conflicting instructions regarding the the disbursement
disbursement of funds
of fundsinin the
theescrow,
escrow,Escrow
EscrowHolder
Holderisis authorized
authorized and
and
instructed
instructed to hold
to holdall
allearnest
earnestmoney
moneyfundsfundsinin accordance
accordance withthe
with the terms
termsof of Paragraph
Paragraph 66 above,
above,but
but Escrow
EscrowHolder
Holdermaymaydistribute
distribute
all funds in excess of earnest
all funds in excess of earnest money moneyto to the
thedepositors
depositors of the
of the funds
fundsoror their
theirassignees
assignees at Escrow
at EscrowHolder's
Holder'ssole
solediscretion.
discretion.
9.
9. EntireAgreement
Entire Agreement andIndemnification.
and Indemnification. TheseGeneral
These GeneralProvisions
Provisions andthe
and joint escrow
the joint escrowinstructions
instructionsreceived
receivedand accepted
and accepted
by Escrow Holder (if applicable),
shallbe
by Escrow Holder (if applicable), shall be the wholeand
the whole andonly
onlyagreement
agreement betweenthe
between partiesregarding
the parties regardingthe
the obligations
obligations of
of Escrow
Escrow
Holderto
Holder to complete
completethis thisescrow
escrowand
andshall
shallsupersede
supersede andcancel
and cancelany priorinstructions.
anyprior instructions. EscrowHolder
Escrow Holdershall disregard and
shalldisregard and assume
assume
no responsibility
no responsibility for complying
for complying withany
with anyother
otheragreement(s)
agreement(s) betweenthe
between parties,whether
the parties, whetheror or not such agreement(s)
not such agreemen(s)have have been
been
made partof
madeaa part of this
thisescrow.
escrow.To
To the
the extent
extentof
of any
anyconflicts
conflictsbetween
betweenthese
theseGeneral
GeneralProvisions
Provisions (including
(including loint
joint escrow
escrow instructions,
instructions, if
if
applicable) and any otheragreement(s) between the parties,
applicable) and any other agreement(s) between the parties, these GeneralProvisions
these General Provisions (including
(including ioinfescrow
joint escrow instructions, if
instructions, if
applicable)
applicable) shallcontrol.
shall control.
10.
10. Compliance
Compliance with Regulatory
with Regulatory Matters.Escrow
Matters. EscrowHolder
Holder isis not
not responsible
responsible or liable
liable for determining
determining that
that there
there has
has been
been
compliance with any matters that are excludedfrom
compliance with any matters that are excluded from coverage
coverage under
under the
the title insurance policy
title insurance policy to be
be isiued
issued in
in conjunction
conjunction with
with
closeof
close of this
thisescrow
escrowincluding, but not
including, but not limited
limited to,
to, county
county or municipal
municipal ordinances
ordinances and and state,
state, county
county or municipal
municipal subdivision
subdivision or
or
landdivision
land divisionregulations
regulations or
or laws.
laws. Reference
Reference isis made the poliry
made to the policy form
form onon file
file with
with the
the Insurance
Insurance Commissioner
Commissioner of of the
the State
State of
of
California
California and
and available
available through
through the
the Tltle
Title Company
Company forfor the
the customer's
customer's review
review forfor a complete
complete statement
statement ofof such
such exclusions,
exclusions.
11.
11. Licensee
Licensee Status'
Status. Escrow
Escrow Holder
Holder is
is not
not responsible
responsible or liable
liable for determining
determining that any person
that any person or entity
entity receiving
receiving aa
commission or other compensation from escrow
commission or other compensation from escrow is is currently
currently and
and regularly
regularly licensed,
licensed, nor
nor forcommunicating
for communicating inethe license
license status
status of
of
any person
any person or
or entity
entity receiving
receiving a
a commission
commission or other
other compensation
compensation fromfrom escrow
escrow to the parties
to the parties herein.
herein.
72.
12. Unclaimed Funds.
Unclaimed Funds. After three (3)
After three (3) years
years from
from the
the deposit of funds
deposit of funds into
into escrow,
escrow, any
any amounts
amounts thereafter
thereafter remaining
remaining
unclaimed may be escheated
unclaimed may be escheated to
to the
the State
State of
of California
california in
in compliance
compliance with
with the
the State
State of
of California's Unclaimed property
california's Ltnclaimed Property LJw
Law and
and
Regulations.
Regulations.
13.
13. Fees
Fees and
and Charges' The parties
Charges. The parties to
to this
this escrow
escrow agree to pay
agree to pay all
all charges,
charges, billings,
billings, advances
advances and
and expenses,
expenses, including
including
cancellation
cancellation fees,
fees, that are properly
that are properly chargeable
chargeable to to the
the undersigned,
undersigned, and
and further to pay
further to pay any
any balance
balance for
for fees,
fees, costs
costs or
or shortaqes
shortages
due in
due in connection
connection with
with these
these instructions.
instructions.
14.
14. Payments
Payments From
From Escrow.
Escrow. Escrow
Escrow Holder
Holder is
is acting
acting as
as the
the disbursing
disbursing agent
agent of the parties
of the parties to
to this
this escrow
escrow for all payments,
for all payments,
such
such as,
as, but not limited
but not limited to,
to, commissions,
commissions, signing service providers,
signing service proViders, notary
notary fees
fees and
and termite
termite inspections
inspectIons and/or
and/or reports,
reports, owed
owed and
and
authorized herein by the parties.
authorized herein by the parties.
15.
15. Inspections.
Inspections. Escrow
Escrow Holder
Holder is
is relieved of any
relieved of any obligation
obligation to
to order
orderor
or obtain
obtain any
any of
ofthe
the inspedions
inspections or
or repofts
reports required
required by
by
this
this transaction.
transaction.
16.
16. Contingencies.
Contingencies. Escrow
Escrow Holder
Holder is
is relieved
relieved of
ofany
any obligation
obligation to
to monitor,
monitor, schedule
schedulethe
the timing
timing of,
of, or
orobtain any pafi's
obtain any party's
compliancewith, any of the
compliance With, any of the contingencies required
contingencies reqUired by
by this
this transaction.
transaction.
II have
have read,
read, understand,
understand, and and agree
agree to
to the
the above,
above, acknowledge
acknowledge receipt
receiptof
ofaacopy
copyofofyour
yourPrivacy
PrivacyPolicy
PolicyNotice
Noticeand,
and, further
further
acknowledge that
acknowledge that the
the title
title company
company named
named herein
herein may
may not
notdisburse
disbursefunds
funds received
received in
inthis
thisescrow
escrowexcept
exceptin
inaccordance
accordancewith
withthe
the
provisions set forth
provisions set forth in
in Section
Section t24I3.I
12413.1 ofofthe
the Insurance
InsuranceCode
Codeofofthe
theState
Stateof
ofCalifornia.
California.
Exh p 340 EXHIBITS VOL V - RECEIVERSHIP
LC/lc
LC/lc ZERNIK V CONNOR ET AL Z,-r^-n8 Page
Page44ofof55
Escrow
Escrow Officer:
Officer: LizCohen
PropertyAddress: Liz Cohen Esr""'N No.:
Esr*'rru No.' 134S00-LC
134S00-LC
Property Address: 320320
So.So.
PeckPeck Drive
Drive Date:
Date: November 16,16,
2007 /
Beverly Hills,CA 902l2-37ts November ZOO7
Beverly Hills, CA 90212-3715
BUYER
BUYER
NivieSamaan
Nivie Samaan
SELLER
SELLER
Joseph H. Zernik
ReceivedMARAESCROW COMPANY
Received MARA ESCROW COMPANY
By:
By: Date:
Date:
AFFIDAVIT
The undersigned, hereby states and declares, under penalty of perjury in accordance with the laws of the State of
California, that the information provided on this form is true and correct.
Address of property sold or exchanged 320 So. Peck Drive, Beverly Bills, CA 90212
ADDRESS:
CITY/STATE:
TELEPHONE:
"NOTE: A permit to install smoke detectors must be applied for with-in 30 days from the date of sale.
For further information, p lease contact the Department of Building and Safety.
Based on the information provided in this Affidavit, the Department of Building and Safety may choose not to inspect the
premises to verify that smoke detectors are properly installed.
Name and address of person or agency required to file this report. 7'r----=-----:-----------
SIGNATURE OF §ELLER W ,~ )
~
F046915Z
Exh p 342 EXHIBITS VOL V - RECEIVERSHIP
2... 30
ZERNIK V CONNOR ET AL
November 16, 2007
You are authorized to furnish a payoff demand for the above referenced loan to the
following:
Please issue said demand as quickly as possible. Thank you for your attention.
Seller(s)
MJ.~. (h.u',~
Joseph H. Zernik
ZERNIK V CONNOR ET AL
433 N. Camden Drive, Suite 510 • Beverly Hills CA' 90210' (310) 550-7400 • FAX (310) 55Q..7531
INFORMATION REQUEST
In order for us to obtain statements of account from your existing lender(s) or homeowner's
association, please provide us with the following information on your accounts. We must have
accurate and complete information in order to close your escrow in a timely manner. Please fill out
and return this form as soon as possible, using an attached page if additional room is needed.
Lender Name _
Address _
Telephone _
Lender Name _
Address _
Address, _
2- ~~
Water Company:
Is there a water company affecting subject property? _ _YES _ _NO
Address: _
Phone Number:
Number of Shares:
Construction on Property
Has there been any construction on the property in the past 90 days? _ _YES _ _NO
If yes, please describe _
Our signatures on this form are to be considered instructions for obtaining payoff and/or
information statements from the above named companies as may be required by Escrow
Holder and/or Title Company, and authorization to collect fees for same through escrow.
Please provide your forwarding address below, if applicable, so funds or documents may be sent to
you after close of escrow:
Telephone:
.
(\j\ J ,CvvJ\ r ~
Joseph H. Zernik
2- 33
\Ve are the legal owner and holder offhe Kate secured by Deed of Trust dated in the
original amount $100.000 executed by VSC Credit Union recorded on Unknown as
document # Unknown Official Records, Los Angeles County.
The [lrincipal balance on the loan is: 100,733.52 Interest, thereon. at 7.75% per annum
from ~OHmbcr 30, 2007. Loan payoff $101,240.27. good through December 14,
2U07. Loan demand and reconveyance fee $75.00, please add to loan payoff.
_ x_If checked. this horne equity line of credit has been frozen. No further advances
W1: 1be
granted.
Ung;nal documents will be fOfw:m1cd to the Tru3t Deed Co for reconveyance after
,-cJlnptete payoff has been received.
For cllcstions, verification, or confilmation of payoff figures. you MUST contact the Real
Estate Loan Department only at 1213) 821·7100 x5
Send ;,aymcnt to; 3720 South Flower Street, CUB 4'~ Floor. Los Angeles, CA 90089,
attn: R.E. Payoff Dept Please note: paymell(slfulldJ cal/not be wired.
You may waive our interest m any Insurance policies at the close oryour transaction,
provlded ,hat you have met the tenns of thIs demand.
"'--- S il'-"7'( ~
LSCCredit~
--- -----~---------
.. _~ ----
Rcal Estate Department
3 ?'-f
fInN
r'PP CODE: (1
1~13C,2:JO?
~ENEFICIARY'S
1228PM
DEMAND
IMPORTANT MESSAGE: Unton Bank of California, N.A. will instruct the trustee to record a full reconveyance
unless contrary written instructions are received by Union Bank 01 California, N.A. at the time 01 payoff, Both
reconveyance fee and recording fee must be remitted to Union Bank of California, N,A.
S 168,000 00
I- SClDW Advance $ o UO
Lille Charge on Past Due Payments (Add $166,00 to any p<>ymenl not paid w,tllIn
$ oeD
ie, accordance wl~h your request to plepay the abo~e loan, you ~re authoflzed to use said docume!nts pro~lded you can pay
, uS the SJm of $76-"973,53 p"JS any 'lddltional interest due folallnteresl ,s to be c:alc.llaled at $3.360 00 lor full mooths
frem 1ZJC' (07 ard at $110 47 per day for partia: months through date payment leachi=!s us at our address alJove, Tf']e per
~iem tlgules w" aetermlncd are basl"d Dn a 365 day calcu!;;tlon
I
fire Insurance Policy or Pohcles descnbed below on whlc" you are authorIZed and In<;trucled 10 waive our Inleces! upon
p<,yrnenl of this demand IS Wing held pendirg close of escrow Recoflveyance will be (rJrwarded upon recept 0' payoff '0
founty for recording
The escrow account c~rrentlY ras a bCllclnce of $0 00 This Clmount is subject to change depending en 'a;< 3nd
insurance dll'" dales Fscrow fllnds wrll be rel\l~ded to the borrower as showr' 011 O'J' r%0'05
Plcase Note: Demand reflects a credit for prepaid interest This credit is reduced daily by the per diem amount
of 5110.47,
tile responsibility of the bo'rowe r '0 nOlitj liS I' -";;re IS a d,scropancy wltn Ire
I ~ ,5 (l1'1')IIrls ~"')Wr cr Irs ,latemer'l
"lcrrcwer's CJ'~['~t "jere'S!; ,~ r@qlJIf('C tc expe'~lte 'lour Ceouest pro:np\'y
""clng l',1e \irre thiS C'ln IS Iii escr:Jw we reqw"'f that mo~~h'y rl1jmer'S cont..l'JE to JG c;lJrje as t' ~y becccre ,juc 7hs
:·t.1Iemcnt IS wbject to chang= until t"e I02 n 's pl nln 'ull
'i~Jd r~~,;rI{C p"~ 'lgr:t:O witr,rjraw OLf dem;Jlrd If ~sc.rDW t:> ,lot C1Q'Si!rJ 'J\I,trlln 3C days f~l')m the dute..,f ~~IS 1eirw'd.
'N THE EVFNT THIS ESCROW IS CANCELLED. FORWARD THE CANCELLATION FEE OF $30.00 IMMEDiATEL y,
ii -ccrely
(J/j~AA'" L ~
r~""" 'CP"(",""
'-\1".'
,",">
.1'\,
'I' \''''
I_~l,
lJnlol' :l::lnt; of Ca,.forn'a. N A
Section 1445 of the Intemal Revenue Code provides that a transferee of a U.S. real property interest must
withhold tax if the transferor is a foreign person. To Inform the transferee that withholding of tax is not required
upon the disposition of a U.S. real property interest located at 320 So. Peck Drive, Beverly Hills, CA 902123715 by
Joseph H. Zernik, (name of transferor), I hereby certify the following (if an entity transferor, on behalf of the
transferor) :
[INDIVIDUAL TRANSFEROR(S)]
. ~; and
3. My home address is _
Joseph H. Zemik understands that this certification may be disclosed to the Intemal Revenue Service by
transferee and that any false statement I have made here (or, for entity transferor, contained herein) could be
punished by fine, imprisonment, or both.
Under penalties of perjury I dedare that I have examined this certification and to the best of my knowledge and
belief it is true, correct and complete and (for entity transferor), I further declare that I have authority to sign this
document on behalf of Joseph H. Zemik
Date: _
Joseph H. Zemik
An affidavit should be signed by each individual or entity transferor to whom or to which it applies. Before you
sign, any questions relating to the legal sufficiency of this form, or to whether it applies to a particular
transaction, or to the definition of any of the terms used, should be referred to a certified public accountant,
attorney, or other professional tax adVisor, or to the Internal Revenue Service.
4 3lt>
Exh p 348 EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
YEAR CALIFORNIA FORM
I Name (Including spouse If JOIntly owned· see Instruction. - type or print) SSN, FEIN or CA CorooralJon No.
I
I,Address \number and street, PO Box, rural route, apt no. or PMB no ) Spouse's SSN I~ IOlntlvowned)
Read the following and check the appropriate boxes. (See line-by-Iine notes in the instructions.)
Part II - Certifications which fUlly exempt the sale from withholding: YES NO
1, Does the property qualify as the seller's (or decedent's, if being sold by the decedent's estate) principal residence within the meaning of Intemal
Revenue Code (IRC) Section 1211 , , , .. , , ,,,,' ,,,,,.,,. 0 0
2, Did the seller (or decedent's, if being sold by the decedent's estate) last use the property as the seller's (decedent's) principal residence
within the meaning of IRC section 121 without regard to the two year time period? , . , ' , , , . , .. 0 0
3. Will the seller have a loss or zero gain for Califomia income tax purposes on this sale? (To check 'YES", you must complete
Form 593-E Real Estate Withholding - Computation of Estimated Gain or Loss, and have a loss or zero gain on line 16,) , ' 0 0
4. Is the property being compulsorily or involuntarily converted and does the seller intend to acquire property that is similar or related
in service or use to qualify for nonrecognition of gain for California income tax purposes under IRC Section 1033? .. , .... , . , , , , , 0 0
5, Will the transfer qualify for nonrecognition treatment under IRC Section 351 (transfer to a corporation controlled by the transferor)
6. Is the seller a corporation (or an LLC dassified as a corporation for federal and California income tax purposes) that is either qualified through
the California Secretary of State or has a permanent place of business in Califomia? .. , , , , , . , , ... , ' . , 0 0
7, Is the seller a partnership (or an LLC that is not a disregarded single member LLC and is a classified as a partnership for federal and
California income tax purposes) with recorded title to the property in the name of the partnership or LLC?
(If yes, the partnership or LLC must withhold on nonresident partners or members as required) , , , 0 0
8, Is the seller a tax-exempt entity under either Califomia or federal law? , . 0 0
9. Is the seller an insurance company, individual retirement account, qualified pension/profit sharing plan, or charitable remainder trust? 0 0
Part III - Certifications which may partially or fully exempt the sale from withholding:
Escrow Officer: See instructions for amounts to withhold
10. Will the transfer qualify as a simultaneous like-kind exchange within the meaning of IRC Section 1031? , .. 0 0
11, Will the transfer qualify as a deferred like-kind exchange within the meaning of IRC Section 1031? ., .. , . , , . , , . , ' .. , . , 0 0
12, Will the transfer of this property be an installment sale that you will report as such for Califomia tax purposes and has the
buyer agreed to withhold on each principal payment instead of withholding the full amount at the time of transfer? , , .. , , , , , ' 0 0
Part IV - Seller's Signature
Under penalties of pe~ury, I hereby certify that the infonnation provided above is, to the best of my knowledge, true and correct. If conditions change, I will promptly
infonn the withholding agent. I understand that the Franchise Tax Board may review relevant escrow documents to ensure withholding compliance and that
completing this torm does not exempt me from filing a California income or franchise tax return to report this sale.
Seller: If you checked "YES· to any question in Part II, you are exempt from real estate withholding,
If you checked "YES" to any question in Part III, you may qualify for a partial or complete withholding exemption,
If you checked NO to all of the questions in Part II and Part III, the withholding will be 31/3% (.03333) of the total sales price or the alternative withholding
amount certified by seller in box 8 of Form 593-8,
If you are withheld upon, the withholding agent should give you two copies of Form 593-B, Real Estate Withholding Tax Statement. Attach one copy to the
lower front of your California income tax retum and keep the other copy for your records,
one seller. Instead, complete a separate Form 593-C for each seller. are electing to treat the trust as part of the estate under IRC
Note: If you do not have a SSN because you are a nonresident or Section 645. (Federal Form 8855, Election to Treat a
a resident alien for federal tax purposes, and the IRS issued you an Qualified Revocable Trust as Part of an Estate, is used to
ITIN, enter the ITIN in the space provided for the SSN.
If the IRC Section 645 election will be made, the estate is
nationals and others who have a federal tax filing requirement and executor can certify that the estate meets the principal
do not qualify for a SSN. It IS a nine-digit number that always starts residence exemption. The executor or trustee should write
with the number 9. at the bottom of Form 593-C, Real Estate Withholding
If the seller is a revocable trust, enter the grantor's individual name and
Certificate, to indicate that the trust is electing to be included
SSN. For tax purposes, the revocable trust is transparent and the
in the estate under IRC Section 645.
individual seller must report the sale and claim the withholding on their
If the trust was created as an irrevocable trust or became irrevocable
individual tax return. If the trust was a revocable trust that became
prior to the grantor's death, then the principal residence exemption
irrevocable upon the grantor's death, enter the name of the trust and the
cannot be claimed.
trust's federal employer identification number (FEIN). Do not enter the
Examples of sellers who are on title for incidental purposes are: b. Both the executor of the estate and the trustee of the trust
Co-signors on title (e.g., parents co-signed to help their child
are electing to treat the trust as part of the estate under IRe
qualify for the loan).
Section 645. (Federal Form 8855, Election to Treat a
Family members on title to receive property upon the
Qualified Revocable Trust as Part of an Estate, is used to
owner's death.
make the election.) If the IRC Section 645 election will be
made, the estate is considered the seller for withholding
Part II Certifications That Fully Exempt purposes and the executor can certify that the estate meets the
last use exemption. The executor or trustee should write at the
Withholding bottom of Form 593-C, Real Estate Withholding Certificate,
Line 1 - Principal Residence to indicate that the trust is electing to be included in the
To qualify as your principal residence under Internal Revenue Code (lRC) estate under IRC Section 645.
Section 121, you (or the decedent) generally must have owned and lived in If the trust was created as an irrevocable trust or became
the property as your main home for at least two years during the five-year irrevocable prior to the grantor's death, then the last use
period ending on the date of sale. Military and Foreign Service, get exemption cannot be claimed.
Form 593-C/Form 593-E Booklet 2006 Page 5
Get IRS Publication 544, Sales and Other Dispositions of Assets, for more
information about involuntary conversions.
Fullv ExemDt Withholdin
Complete Part III only if you did not meet any of the exemptions in
Line 5 - Non-recognition Under IRC Sections 351 or 721
Part II. If you met an exemption in Part II, skip to Part IV.
The transfer must qualify for nonrecognition treatment under IRC Section
351 (transferring to a corporation controlled by transferor) or IRC Section Line 10 - Simultaneous Exchange
721 (contributing to a partnership in exchange for a partnership interest). If the California real property is part of a simultaneous like-kind
Escrow Officer: If, during the escrow, an individual seller transfers title to exchange within the meaning of IRC Section 1031. the transfer is
a corporation or partnership and then the corporation or partnership exempt from withholding. However, if the seller receives taxable
transfers title to the buyer, then there are two transfers for withholding proceeds (boot) exceeding $1,500 from the sale, the withholding
purposes. Accordingly, two separate Forms 593-C should be completed. agent must withhold on the boot.
The individual must complete one form, for the transfer to the corporation
Line 11 - Deferred Exchange
or partnership. The corporation or partnership must complete the other
If the California real property is part of a deferred like-kind exchange
form, for the transfer to the buyer.
within the meaning of IRC Section 1031, the sale is exempt from
Line 6 - Corporation withholding at the time of the initial transfer. However, if the seller
A corporation has a permanent place of business in California receives taxable proceeds (boot) exceeding $1,500 from the sale, the
if: withholding agent must withhold on the boot.
• It incorporated in California; The intermediary or accommodator must withhold on all cash or cash
• It is qualified to transact business in California through the California
equivalent (boot) it distributes to the seller if the amount exceeds
Secretary of State; or
$1,500. If the exchange does not take place or if the exchange does
• It will maintain and staff a permanent office in California not qualify for nonrecognition treatment, the intermediary or
immediately alter the sale
accommodator must withhold 3 1/3 percent of the total sales price.
S corporations must withhold on nonresident S corporation
Property address (if no street address, provide parcel number and county)
320 So. Peck Drive, Beverly Hills, California 90212-3715
1 Selling price 1
$1,718,00000 2 _
2 Selling expenses
3 _
3 Amount Realized. Subtract line 2 from line 1
4 Enter the price you paid to purchase the property (If you acquired the property
other than by purchase, see Table 1 to determine your basis.) 4 _
5 Seller-paid points 5 _
6 Depreciation 6 _
7 Other decreases to basIs 7 _
8 Total Decreases to Basis Add line 5 through line 7 8 _
9 Subtract line 8 from line 4 9 _
10 Cost of additions and improvements 10 _
11 Other increases to basis 11 _
12 Total Increases to Basis. Add line 10 and line 11 12 _
13 Adjusted Basis for withholding purposes Add line 9 and line 12 . . 13 _
14 Enter any suspended passive activity losses from this property .. .. 14 _
15 Add line 13 and line 14 15 _
16 Estimated Gain or Loss on Sale. Subtract line 15 from line 3 and enter the amount here. If you have a loss or zero gain, skip lines 17
and 18. Complete the Seller's Signature area below and check the Yes box on Form 593-C,
line 3. If you have a gain, go to line 17 . 16 _
17 Alternative Withholding Amount. Check the applicable box for the filing type.
D Individual 9.3% 0 Corporation 884% 0 Bank or Financial Corporation 10.84%
D S Corporation 1.5% D Financial S Corporation 3.5%
Multiply the amount on line 16 by the tax rate for the filing type selected above and enter the result on line 17.
If you elect the alternative withholding amount on line 17, check "Alternative Election" in box 6 of Form 593-8, and transfer the
amount on line 17 to Form 593-8, box 8. Complete boxes 8 and 9 on Form 593-B, if applicable. Sign Form 593-8 to
18 Standard Withholding Amount. Multiply the selling price on line 1 by 31/3% (.0333) and enter the amount on line 18.
This is the standard withholding amount.
If you select the standard Withholding amount on line 18, check "Total Sale Price" in box 6 of Form 593-B, and transfer the
amount on line 18 to Form 593-8, box 7b. Complete boxes 7a and 7b on Form 593-B. 18 _
Seller's Signature
Note: Tille and escrow persons and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding
amounts. Transferors are strongly encouraged to consult with a competent tax professional for this purpose
Under penalties of pe~ury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. I understand that the
Franchise Tax Board may review relevant escrow documents to ensure withholding compliance and if conditions change, I will promptly inform the withholding
agent. I understand that completing this form does not exempt me from filing a Califomia income tax return to report this sale.
Seller's name (type or print)
Seller's signature Date:
Spouse's name (if jointly owned)
Spouse's signature (if jointly owned) Date:
For Pnvacy Act Nolice. get rOfm FTB 1131 7151063 Form 593-E C2 2006
ZERNIK V CONNOR ET AL
Instructions for Form 593-E
Purpose
Depreciation Option - If you do not know how much depreciation you
This form is used for sales closing in 2007 and can be used by both
deducted or were allowed, you can make an estimate of the amount of
individual and non-individual sellers. It allows you to estimate the
depreciation (for withholding purposes only), To estimate the
amount of your loss or gain for withholding purposes and calculate an
depreciation, divide the purchase price plus the cost of additions and
altemative withholding amount.
improvements by 27.5 and multiply that by the number of years you used
the property for business use (up to 27.5 years).
Caution: vou may use estimates when you complete this form, but
Example: Mary bought a house 20 years ago for $150,000
the estimates must not result in the calculation of a loss when you
and has used it as a rental property for the last 18 years. Prior
actually have a gain. Any transferor (seller) who, for the purpose of
to renting the house, she added a pool which cost her $25,000.
avoiding the withholding requirements, knowingly executes a false
Mary's depreciation is estimated as follows:
certificate is liable for a penalty of $1 ,000 or 20 percent of the required
Cost $150,000
withholding amount, whichever IS greater.
Internet: www.lrsgov
The amount realized is the selling price minus the selling expenses.
• The amount you paid for special assessments for items such
Your purchase price includes the down payment and any debt you
or cost of extending utility service lines to the property.
vou may only use suspended passive activity losses that directly relate to
property by gift, inheritance, exchange, or any way other than
Table 1. How to Complete Form 593-L When You Did Not Purchase the Property
The cost or purchase price of property is usually its basis for figuring gain or loss from its sale or other disposition. However, if you acquired the property by
gift, inheritance, exchange, or in some way other than purchase, you must use a basis other than its cost.
(Note: These procedures only reflect the general rules. Exceptions may apply. Get IRS Publication 551, BasIs of Assets, for more information on these or
other special situatIOns.)
Property was received as a gift Usually, your basis is the donor's adjusted basis at the time of the gift. Enter the donor's adjusted basis on
line 4. Then complete the rest of the fonm (except line 5) with your information after you received the
property.
Note: If the fair market value of the property at the time of the gift was less than the donor's adjusted basis,
Property was inherited from someone Usually, your basis is the fair market value at the date of the individual's death. You can get that valuation
other than your spouse from probate documents, or if there was no probate, use the appraised value at the date of death. Enter
the fair market value on line 4. Then complete the rest of the form (except line 5) with your information after
Note: If you or your spouse originally gave the property to the decedent within one year of the decedent's
You owned the property Your basis is the fair market value of the total property at the date of your spouse's death. Enter the fair
(as community property) with your market value on line 4.Then complete the rest of the form (except line 5) with your information after the
You owned the property (in joint tenancy) Your basis is the sum 01'1) the fair market value of your spouse's half of the property at the date of the
with your spouse who spouse's death; and, 2) the existing basis of your half of the property at the date of your spouse's death.
died Enter the sum on line 4. Then complete the rest of the fonm (except line 5) with your informalion after the
date of death.
Property received from your spouse Usually, your basis is the same as it would have been without this transfer. Complete Form 593-E as if you
incident to your divorce had been the only owner before and after the transfer.
Note: If your spouse transferred the property to you before July 18,1984,get federal Publication 551 to
Property received in exchange for other Your basis will depend on whether you received the property in a nontaxable, taxable, or partially taxable
property exchange. Get federal Publication 551 to detenmine your basis. Enter your basis on line 4. Then
complete the rest of the form. However, do not include any amounts on line 5 through line 10 that you
included on line 4.
You built the house (or other Add the purchase price of the land and the cost of the building. Enter the total on line'" and complete the
Note: If you deferred the gain from a previous home to this property, get federal
Publication 551.
You received the property in a Enter your basis in the property after the foreclosure on line .... (You may need to get a tax professional to
foreclosure help you with this calCUlation.) Then complete the rest of the form (except for line 5) with your information
433 N. Camden Drive, Suite 510 • Beverly Hills CA' ~u210' (310) 550-7400 • FAX (310) 550-7531
In accordance with Sections 18662 of the Revenue and Taxation Code, a buyer may be required to withhold an amount equal to 3\1,
percent of the sales price or the amount that is specified in a written certificate executed by the transferor in the case of a disposition of
California real property interest by either:
1. A seller who is an individual, trust or estate or when the disbursement instructions authorize the proceeds be sent to a financial
intermediary of the seller, OR
2, A corporate seller that has no permanent place of business in California immediately after the transfer of title to the California
real property,
The buyer may become subject to a penalty for failure to withhold an amount equal to the greater of 10 percent of the amount required
to be withheld or five hundred dollars ($500),
However, notwithstanding any other provision included in the California statutes referenced above, no buyer will be required to withhold
any amount or be subject to penalty for failure to withhold if:
1. The sales price of the California real property conveyed does not exceed one hundred thousand dollars ($100,000), OR
2, The seller executes a written certificate, under the penalty of perjury, certifying that the seller is a corporation with a
permanent place of business in California, OR
3, The seller, who is an indiVidual, trust, estate or a corporation without a permanent place of business in California executes a
written certificate, under the penalty, of perjury of any of the following:
A. The California real property being conveyed is the seller's or decedent's principal residence, within the meaning of Section
121 of the Internal Revenue Code.
B. The last use of the property being conveyed was use by the transferor as the transferor's principal residence within the
meaning of Section 121 of the Internal Revenue Code.
C. The California real property being conveyed is or will be exchanged for property of like kind (within the meaning of
Section 1031 of the Internal Revenue code), but only to the extent of the amount of gain not reqUired to be recognized
for California income tax purposes under Section 1031 of the Internal Revenue Code.
D. The California real property has been compulsorily or involuntarily converted (within the meaning of Section 1033 of the
Internal Revenue Code) and that the seller intends to acquire property similar or related in service or use 50 as to be
eligible for nonrecognition of gain for California income tax purposes under Section 1033 of the Internal Revenue Code.
E. The California real property transaction will result in a loss or a net gain not reqUired to be recognized for California
income tax purposes.
The seller is subject to penalty for knowingly filing a fraudulent certificate for the purpose of avoiding the withholding requirement.
This company Will, upon written instructions from the buyer, Withhold the California income tax from the seller and deposit said tax with
the Franchise Tax Board together with Franchise Tax Board Form 593-B (and Franchise Tax Board Form S93-I executed by the
purchaser, if applicable). The fee charged by this company for this service is $45.00 (Revenue & Taxation Code 18662).
For additional information on withholding requirements contact: Franchise Tax Board, Withholding Services and Compliance Section
P. O. Box 942867
Sacramento, CA 94267-0651
(888) 792-4900 or (916) B45-4900
BUYER'S ACKNOWLEDGEMENT: The undersigned buyer acknowledges receipt of copy of this Notice of California Income Tax
Withholding.
DATED
SELLER'S ACKNOWLEDGEMENT: The undersigned seller acknowledges receipt of copy of this Notice of California Income Tax
Withholding.
DATED
Exh p 355
LC/sa
EXHIBITS VOL V - RECEIVERSHIP
ZERNIK V CONNOR ET AL
f J.I.~
SELLER'S AFFIDAVIT OF NONFOREIGN STATUS
Section 1445 of the Internal Revenue Code provides that a transferee of a U.s. real property interest must
withhold tax if the transferor is a foreign person. To inform the transferee that withholding of tax is not required
upon the disposition of a U.s. real property interest located at 320 So. Peck Drive, Beverly Hills, CA 902123715 by
Joseph H. Zernik, (name of transferor), I hereby certify the folloWing (if an entity transferor, on behalf of the
transferor):
[INDIVIDUAL TRANSFEROR(S)]
~::::-:-_--=-~=~=~:~~~~iS
2. My U.S. taxpayer identifying number (Social Security Number) is
; and
3. My home address is _
Joseph H. Zernik understands that this certification may be disclosed to the Internal Revenue Service by
transferee and that any false statement I have made here (or, for entity transferor, contained herein) could be
punished by fine, imprisonment, or both.
Under penalties of perjury I declare that I have examined this certification and to the best of my knowledge and
belief it is true, correct and complete and (for entity transferor), I further declare that I have authority to sign this
document on behalf of Joseph H. Zernik
Date: _
Joseph H. Zernik
An affidavit should be signed by each individual or entity transferor to whom or to which it applies. Before you
sign, any questions relating to the legal sufficiency of this form, or to whether it applies to a particular
transaction, or to the definition of any of the terms used, should be referred to a certified public accountant,
attorney, or other professional tax adVisor, or to the Internal Revenue Service.
DEAN C. LOGAN
ACTING
Flegislrar-Recorder/Counly Clerk
Tttle Company
TITLE(S): DEED
~
LEAD
III ~ III III ~
SHEET
Grant Deed
,..-------------:r0;:~\-,-
lhe undersigned grantor(s) dec/are(s): ~ y
Documentary transfer ta:( is $1,889,80
(X) computed on full vaille of property conveyed, or
( ) ccmputed on full value less of liens and enc!.JmbranCE s r~maining at time of sale.
( ) Umllcorporated are,l', (~it:y of Beverly Hi\\~,
that property In The City ofBever~HIIS, Los Angeles [Ollnt'!, State of California, described as follows:
Lot 252 of Trac~ 7710, in the City of Beverly Hills, County of Los Angeles, State of California, as per Map recorded In
Book 83, Pages 94 and 95 of maps, In the office of the C lur,ty Recorder of said County.
Together with all of Grantor's right, title and int,~rest in a 1d to that certain Oil and Gas Lease, executed by and
between Sammy Narens and Lylyan Narens, as Lesser, a ld Standard Oil Company of california, as Lessee, recorded
September 23, 1964, as Instrument No. 3156, Official Re :ords, Los Angeles County, Califoria
--------_.------ -_.-.- -
Date