DocuSign Envelope ID: D8EFA6C4-46FC4E95-96DA-E93BA51CD96A

4 . · ~ CALI FO RNJ.-\ CANCELLATION OF CONTRACT,

DISPOSITION OF DEPOSIT
•
911 ASSOCIATIO~
OP RE.-\LTO RS* ANO CANCELLATION OF ESCROW
"' (C.A.R. Form ce, Revlsed 12/22)

In accordance with the terms and condition l'e Purchase Agreement, ORO 0ther _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
- - - - - - - - - - - - - - ----+-----A.>J----- ("Agreement"), dated 04/26/2023 , íncluding all amenctmenls and
relaled documents, on property known as ____,,~ ~__4_4_9_.fW
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=2=8=3=2' - - - - - - - - - - - <"Property"),
between Hector Velazquez ("Buyer")
and H O M E S /ne. ("Seller").
Buyer and Seller are referred to as the "Parties."
Both pa.ragraphs 1 and 2 are escrow lnstructlons to Es.c row Holder. Cancellation under paragraph 1A or proposed cancellation
under 1B requlres the slgnature of elther Buyer or Seller, but not both. Dlsposltlon of deposlt and cancellatlon of escrow under
paragraph 2 requlres the slgnatures of both partles to be effectlve.
1. CANCELLATION OF CONTRACT:
A. One-party cancellatlon: Thls paragraph Is usad to cancel the Agreement by Buyer or Sellar. lts terma apply
whether or not both Partles agree to dlsposltlon of the deposlt and cancellatlon of escrow In paragraph 2 below.
The @ Buyer or O Seller Signing below cancel(s) lhe Agreement for lhe following reason:
(1) O
As permitted by the good faith exercjse of paragraph(s} _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ of the Agreement.
(2) O
Buyer has failed to remove the applicable contingeocy .or take the applicable contnlctual action after beiilg given a Notice
to Buyerlo Perform (CAR. Form NBP).
(3) O
Seller has failed to remove the applicable contingency or take the applicable contractual action after being given a Notice
to Seller to Perform (C.A.R. Form NSP).
(4) OThe other Party has failed to close escrow after being given a Demand to Close Escrow (CAR. Form DCE).
@ @ Other Buyer & Seller could not come to a mutual agreement on the request for repairs. .
B. LJProp.osed mutual cancellatlon: The Buyer or Sellar Signing below proposes a mutual cancellation of the Agreement. The
cancellation is only effeclive if agreemenl is reached and both Parties Sign in paragraph 2 below as follows. ThiS Proposed
mutual cancellation (1) may be wi1hdrawn by the Party initiating it any time prior to agreement by the other party in paragraph 2
below, and (11) shall be deemed revoked unless by 5:00 PM on the third Day after it is Signed by the initiating Party in paragraph
1 (orby _ _ OAM0PM on _ _ _ _ _ date) it is Signed by lheotherParty in paragraph 2 anda Copyofthis completed
tfe1A\lisrQelivered to the initiating Party.
6/1/2023
HECTOR VELAZQUEZ Hector Velaz uez
Buy OJl8SIIIM!~r.iature (party cancelling the contrae!) Date

Buyer's or Seller's Signature (party cancelling the contrae!) Date

2. DISP0SITI0N 0F DEP0SIT and CANCELLATI0N 0F ESCR0W

A . PURP0SE 0F PARAGRAPH 2: Thls paragraph Is usad to lnstruct Escrow Holder (1) to cancel the escrow for the
purchase/sale or other deslgnated transactJon for the Property and (11) what to do wlth the deposlt. Any cancellatlon
of contract pursuant to paragraph 1A, remalns In effect even lf both Partles to the Agreement do not slgn below.
B. RELEASE OF FUNDS NOT AUTOMATIC: Release of funds by Escrow Holder (pursuant to paragraph 2) requires mutually
Signed release instructions from Buyer and Seller, judicial decision or arbitration award. A party may be subject to a civil penalty
of up to $1,000 for refusal to sign such instructions if no good fai:th dispute exists as to who is entitled to the deposited funds
(Civil Code §1057.3).
C. FULL RELEASE AND DISP0SITI0N 0F DEP0SIT (Select one of the optlons In C, or complete D, bul not both.): Buyer
and Seller cancel escrow # 13393-AH with Beach Cities Escrow . The parties (1) mutually
release each other from any obligatíon to buy, sell or exchange the Property under the Agreement; (11) mutually ralease each other
from ali other claims, actions and demands that eac;h may have against the other(s) by reason of the Agreement; and (111) intend
that all other rights and obligations arising out of the Agreement are null and void.
(1) @ Sellar authorizes ralease of Buyer's deposit to Buyer, less Buyer's fees and costs (1) already incurred, and (11) agreed in the
contrae! to be paid through escrow {including any escrow fee).
0R (2) O
Buyer authorizes ralease of Buyer's deposit to Seller, less Seller's fees and costs (J) already incurred, and (11) agreed in the
contrae! to be paid through escrow (including any escrow fee). (Pursuant to a property executed liquidated damages clause,
Buyer's authorization of ralease of deposit to Seller is limited to no more than 3% of the purchase price, if the Property is a
dwelling with no more than tour units, one of Which Buyer intended to occupy. Any addilional deposit shall be retumed to
Buyer.)
0R (3) O
Buyer authorizes release of $ _ _ _ _ _ from Buyer's deposit to Seller. The balance to be retumed to Buyer. Each Party
to pay for their own unpaid contractual fees and costs (1) already incurred and (11) agreed in the contrae! to be paid through
escrow (including any escrowfee). Such fees and costs shall be deducted from the amount specified above.
@ 2022. California Association of REALTORS6l, lnc.
ce REVISED 12/22 (PAGE 1 OF 2)
é
'=--='
CANCELLATION OF CONTRACT DISPOSITION OF DEPOSIT ANO CANCELLATION OF ESCROW ce PAGE 1 OF 2
PU' R,al E<l•t< Solu1lon1 9)00 W1abln1t. . Bh-,_ Pko Rl•tn. CA 90660 Phone: 561)646066 Fa¡c: 5619491100 449WK-Av
ll•rl> Dlll Produatd wilh Lone WoK Transaciions (zipform Edltlon) 717 N Harwood St, Suite 2200. O•ll••• TX 75201 www lwoll oorn
OocuSign Envelo~ 10: 08EFA6C4-46FC-4E95-960A-E93BA51C096A

0R (4) OThere is no deposit in escrow. Each Party to pay for their own unpaid contractual fees and costs, if any, (1) already
incurred, and (11) agreed in the contract to be paid through escrow (including any escrow fee).
D. PARTIAL RELEASE ANO RESERVATION OF RIGHTS: Buyer and Sellar cancel escrow # _ _ _ _ _ _ _ _ _ _ with
_ _ _ _ _ _ _ _ _ _ _ _ _ _ The Parties:
(1) Mutually release each other from any obligation to buy, sell or exchange the Property under the Agreement;
(2) Reserve all rights and retain any obligations they have toward each other under the Agreement, except for the obligation, as
applicable, to buy, sell, or exchange the Property; and
(3) Authorize Escrow Holder orO _ _ _ _ _ _ _ _ _ _ _ _ _ _ to hold any deposit until receiving subsequent mutual
instructions, judicial decision or arbitration award, or Qthere is no deposit in escrow.
E. SCOPE OF B~O.KER DUTY: Agents are not quallfted to provlde any oplnlon on who Is entitled to the deposlted funds
or whether a cancellatlon was made In good falth. Buyer and Seller are advlsed to seek the advlce of a quallfted
Callf$.!1LW\.r~tate attomey regardlng thls matter.
6/1/2023
Buyer ~ ECTOR VELAZQUEZ Hecto, Ve/azquez Date _ _ _ _ _ _ _ __
348088208Eec.C9.•
Buyer Date
---------
Sellar HOMES /ne. Date _ _ _ _ _ _ __

Sellar Date _ _ _ _ _ _ _ __

@ 2022. california Association of REALTORS®, lnc. United StaleS copyright law (TIiie 17 U.S. Code) forbids the unauthorized 'd istri.bution, display and reproductlon of this fonn, or
any portion -thereof, by photocopy machil)e or any other means, includlng facsímile or computerlzed foonats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA
ASSOCIATIQN OF REALTORS®. NO REPRESENTATION IS MADI: AS T0 THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A
REAL ESTATE BROKER IS THE PERSON QUALIFIED T.O AOVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULTAN
APPROPRIATE PROFESSIONAL. This form Is made avaílable to real estate professionals through an agreement wíth or purchase from !he C3iífomla Associalion of
REALTORS®. lt Is no! tntended lo idenlífy !he user 88 8 REALTOR®. REALTOR® Is 8 reglstered Cl>llectíve membe<Shlp mark Whlch may be used only by-members ol tha
NATIONAL ASSOCIATION OF REALTORS® who subscribe to itS Code of Elhk:s. .

[l Publis!led and Dlstributed by:

REAL ESTATE BUSINESS SERVICES, LLC.
a subsldlsry ofthe CALJFORNIA ASSOCIA T/ON OF REAL TORS®
525 South Virgif Avenue. Los Angeles, Callfomla 90020
ce REVISED 12/22 (PAGE 2 OF 2)
CANCELLATION OF CONTRACT, DISPOSITION OF DEPOSIT AND CANCELLATION OF ESCROW (CC PAGE 2 OF 2)
Produced wilh lone Wolf TIW1S8dions (zipForm Edition) 717 N Harwood St, Suije 2200. Dalas. TX 75201 www lwott NJ1J1 '4t W Ka,pp A v