Cancellation of Contract Signed
Cancellation of Contract Signed
CANCELLATION OF CONTRACT,
RELEASE OF DEPOSIT
AND CANCELLATION OF ESCROW
(C.A.R. Form CC, Revised 11/14)
In accordance with the terms and conditions of the: X California Residential Purchase Agreement; or
Other (“Agreement”),
dated December 8, 2017 , including all amendments and related documents, on property known
as 4125 S Figueroa St # 415, Los Angeles, CA 90037 (“Property”),
between Tanyo and Martina Ravicz revocable inter vivos trust dated 10-30-2007 (“Buyer”)
and Chunyan Tang (“Seller”).
Paragraphs 1 and 2 below constitute escrow instructions to Escrow Holder. Release of funds (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 faith
dispute exists as to who is entitled to the deposited funds (Civil Code §1057.3).
1. CANCELLATION OF CONTRACT: Buyer Seller X both Buyer and Seller cancel(s) the Agreement
for the following reason:
A. As permitted by the good faith exercise of paragraph(s) of the Agreement
OR B. Buyer has failed to remove the applicable contingency after being given a Notice to Buyer to Perform
(C.A.R. Form NBP).
OR C. Buyer has failed to take the applicable contractual action after being given a Notice to Buyer to Perform
(C.A.R. Form NBP).
OR D. Seller has failed to take the applicable contractual action after being given a Notice to Seller to Perform
(C.A.R. Form NSP).
OR E. Seller has failed to remove the applicable contingency after being given a Notice to Seller to Perform
(C.A.R. Form NSP).
OR F. X Per mutual agreement.
OR G. Other .
1/3/2018
Buyer's or Seller's Signature (party cancelling the contract) Date
1/3/2018
Buyer's or Seller's Signature (party cancelling the contract) Date