HomeMy WebLinkAboutDeeds & Easements_3-1938E ROO
Real Estate option
S0r MID Ili C0n0f D¢x4tl0tt of the sum of__ ()IIS-"-__'- '_"_-"_ i " • �
($__1100------ —_) cash in hand to the unders[geed,--- ---�'i- t�--0 _R�Slsnd
part-y of the first part, paid by____ VAR ILQLVTE - -
_____________________ party of the second part,
receipt whereof being hereby acknowledged, the par t3-___ of the fust part agree____ that the party of the
second part shall have, and is hereby given, the EXCLUSIVE RIGHT OR OPTION, until and including
the-&t __-_day 19-W, to purchase the land aRj g m[ffr�r cn f [b qty
and the part__ of the first part agree____ to sell the same at the price of__ _____________________
Dollars, upon the terms and conditions following, to-wit 350.00
- ..—rty. r e_111tTlt s'et __Yfty � -_7 .. .. _ .. ,. Dollars, ( - '
in cash on delivery of deed and guaranteed certificate of title of an acceptable Title Company, (less the said
sum of$ Q�------------this day paid, which said payment is to be considered as a part of the purchases
price if this option be excercised)
It is also agreed that the City of Redlands will pay to Geo. J. B'owlor
of Redlands as L-2ent for the sale Of the the describedeproperty a aomaissio
of 5,� of the purohase price when \�
THE LANA AND PREMISES, the b act of this option, are situated in the_____ City__ _of_ Redlands
County of_.. _W San Berr-ardlf�o ______--_, State of California, and are described as follows, to-wit
The 1s1orthwest corner o.11' Colton rive. and Church otreeta same being; r
an orange grove of approxic.ately 10 acres. Le6u 1 description to (�
be CAve, later..
TOGET;Lt witb 20 "];area of the capital stoc'r_ of the Lugonie rimer Co
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IF THE PARTY of the second part conclude to exercise this option, notice shall be given the part__yof the
first part, either by letter addressed, or by mail,
TzCd-.andIS_, or by written notice delivered to the part-1 of the s
first part. Within. j" after the giving to such notice the part____ of the first part agree____ to deposit in
escrow with----------- ---Bad 1. :nds--- rail+Gh-----------__-------------
a good and sufficient grant deed {sh d'k,,. Ly -J
and within five days after the deposit of such deed in escrow and written notice.thereof given to said \
_.._------ the party of the second part shall deposit
in escrow with an acceptable Title Company together with the moneys to be paid, and any papers to be
delivered, hereunder.
THE ESCROW INSTRUCTIONS shall provide that the said deed be delivered to the party of the second part,
and the money and papers deposited by the party of the second part shall be paid over and delivered to
the part____ of the first part, as soon as the certificate of title shall be completed, showing that such deed
conveys perfect title to the party of the second part; and providing further that, if such certificate of title
shall not be so delivered within fifteen days after the deposit of the money and papers to be so deposited in
escrow by the party of the second part, the latter shall have the right to withdraw such moneys and papers
from escrow, but by such withdrawal the part -__ of the first part shall not be relieved of______--obligation \ !
Cto convey hereunder, except the party of the second part in writing declare a rescission of this agreement.
THE DEED to be so delivered shall be in the forrr�of grant, bargain and sale, and shall convey the land
and premises free from all incumbrances except rights of Ways taxes not yet payable *
�sidpsqunciltion is t? ante$ by a t rlt. off a resole on ] a toa b thr�/
ar y o thec'first part wn111spsy vas v T1 16 nsn and .12
p
� ane-hall of escrow c��ar�;es. � I
THF PART—Y--_ of the first pact hereby covenants that.__________City. of Redlands
____.� �---_-----—-------__-_-_
is the owner of the said land and premises, and that the same are free from all incumbrances except
5 AN
OPTION—REAL ESTATE—WOLGOTTS FORM 1476 COLD RIo 4)
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THE OFFICE of the said__ --------—-----hereby designated 010
C for the payment of any and all moneys to be paid ereunder if this option be exercised
IF THE PARTY of the second part shall fail to notif y the part—__ of the first part within the life of this
option, of its election to purchase hereunder; of if after giving such notice, the party of the second part fail
to make the deposit of the purchase money in escrow With—Bank—of Amri@&vdla-nds-tarmah
within the time herein limited, this option shall be thereafter null and void and the part_______ _ of the first
part no longer bound hereby.
THIS AGREEMENT shall be binding upon and inure to the benefit of the heirs, executors, administrators
and assigns of the part__— of the first part and the successors and assigns of the party of the second part
DATED a JR $4��d&---ft j-j-�$j-g----------- _ilk- I
une
------------------ ------ 19- ------ --- - - — --
Y��a� 110,
Mayor and President of the City
ounaiZ-or the -Ci-fY_af-Tfedlen$s
City C
STATE OF CALIFORNIA,
S S.
County of--zaan- eMnard1no_-__--__----_.
ON THIS_-.-S----------day of------- AD , 19..E before me
a Notary Public in and for said County and State, personally appeared
us A Peter on, Isem wrto _ire to be the , or -r� c 1 es de #� Ci.
ouncl. end .F.Aoa ------ n�xo- m�-' --fie�e__ ir -��' %e
o
j Fedlarads a Munle -� G r oral: ----# i �- e e u���- thy e;T n s r ziez t �( i
C �.L aaa t�;J-0 -------------- ----- ---- ---- ----- ---- _ __� ,
� t�-+t�4e•wet�4rrr
Iatr�sra}ei�t, and acknowledged to me tha ___ e ecu3eadht oe same
IN WITNESS WHEREOF, I have h nt my h d and affixed my official
seal the day and year in this ce ific t above ri ten
Nora P is in and for said County and State.
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