HomeMy WebLinkAboutDeeds & Easements_2-1931E W
f ,
ASSIGNBIENT OF CONTRACT
IN CONSIDERATION of the sum of Ten ($10,00) Dollars to ;-le
in hand paid by V,'. CLOYD SIXYA-'�, receipt for which is hereby
acknowledged, I do hereby sell, assign, transfer and set over unto
said L-;. Cloyd Snyder a written agreement or contract for the sale
Of real estate entered into between Harry Shepherd, first party,
and the Cits of Redlands, second party, for the purchase by the
City of Redlands from said Harry Shepherd of the following described
real estate;
The Southwest < uarter (SWT) and the South Hale" (S�)
of the Northwest Quarter (NW-37) of Section Nine (9).
Township One (1) South, Range Three (3) rest, S.B,B.&; M.,
located in San Bernardino Coimty, State of California,
together with all aamounts, moneys, and payments owing or to be paid
from time to time under said contract.
IN 'lITNESS WHEREOF`, I have horeunto set m5 hand at Los Angeles,
California., this Fth day of February, 1931,
STATE OF CA LIFOANIA, )
;W County of Los Angeles.)
On this 6th day of February, 19310 before me, Howard Hemenway,
a Notary Public in and for said County, personally appeared
r: HARRY .SHEPITUMD, to rle IMOIvn to be the
to the fore of � pons°n whose name is subscribed
g ng instrument and aclmowledged that lie executed tHo
WITNLSS my hand and official seal.
No y u c an o t e oun ,y
of Los Angeles, State of California.
f
RESOLVED that the City of Redlands, a municipal corporation
of the sixth cls ss, enter into a contract with harry bhepherd. for
the purchase of that certL.in piece or parcel of real property situ'�:te
in the County of San bern4rdino, State of California, and described
ir-s being:
The Southwest quarter end the mouth Half �-,f the northwest
:..ua:rter of Soction 9, Township 1 6outh, Range 3 :Nest, h. B.B. &
For the sum of $7,2.00.00, $720.0'0 cash to be paid at the time of
execution of contract, and the balance in not exceeding nine annual
payment! of $720.00 each, eor miencing on 7,4Lrcn 1st, 1932, and continu-
ing yearly thereafter. Deferred payments to beer interest at the
rate of six per cert peD annum,payable semi-annually., and that the
7:ayor and city Clerk be, and they are hereby, authorized an empowered
to execute such contract for and on behalf of the City and to issue
warrant in the sum of $720.00 to �;ecurity Title Insurance and Guarantee
uompc.ny as escrow agent in payment of the initial p.yment of the pur-
chase price;that the City pEy its pro-rata share of county and stz to
t&xes for the year 1930-,D1, and one-half of tue escrow fee; that the
seller upon the completion of payment of purchase price shall furnish
�-rGnt deed conVeying title to the city free and clear of encumbrance
except easements and righty of way of record and furnish therewith
policy of title insurance with liability thereunder of not less than
17000.00 shoeing title vested in seller free and clear of encumbrance
exceDt as above stated.
I, G.P Htook, City Clerk of the pity of �Qere --j 01
n vacs adopted G t ,
aat the foregoing resolution vacs adl held. on the fth day of February,
City tour=c3i of the City of _ s r�.s not
1931.; that sai6 resolution ha.s been entered in the minute and
been revoked.
n. ted ?'ebruary 4th, 1931. -
_ r
city
1 '
4 q LJ
2
I
CONTRACT FOR SALE OF REAL Eo' TfiTE
2
3 This agreement made and entered into this day of
4 February, 1931, by and between Harry Shepherd of Simi, Ventura
5 County, California, party of the first party, and the Ci
ty of
6 Hedlrnds, a municipal carpor€.tion of the sixth class, situated
7 in the County of San Bernardino, 1 t&te of California
pasty of
8 the second pt-rt., WIThhSS.ETH:
9
That the said party of the first part, in consideration of
1a
the covenants and agreements on the past of said party of the
II
second pert, hereinafter contained, agrees to sell and convey
12
unto the said nasty of the second part, and the said second party
13
14 agrees to purchase and to pay for all that certain piece or
15 parcel of real property siturte in the County of San Bernardino,
California, and described as :
16
17 U;
The Southwest U irter and the South Half of the North ^est
quarter of section 9, Township 1 South, Range 3 est
18 , S. B. h,
& fid.
19
For the sum of 7,200.00, l:jwful money of the United :'trues,
20
21 and the said party of the second part in consideration of the
22 premises agrees to nay the said party of the first part said sum
23 of $7,200.00 in lawful money as follows, to writ;
24 *720.00 upon the execution of the contract, receipt .hereof
35 is hereby acknowledged, and the remEinder in not more than nine
26 annual installment payments of not less than $720.00 etch, co-m-
27 mencing on March lst, 1932, continuing thereafter yearly on the
28 anniversary date until the entire balance of $7,200.00 is paid in
29 full. 111 deferred payments to bear interest at the rate of six
34 per cent per annum, payable semi-annually on the first day of
31 ,,±i€arch and of SQpte fiber. Such interest payments to commence with
33 September lst, 1931, and continuing thereafter semi-annually until )
WALTER J HARTZELL
ATTORNEY AT LAW
REDLANDS.CALIF.
MAIN &78
I
1 the balance of purchase price is fully paid. Second party
2 reserves the right to make payments in sums of $100.00 or
3 . .ultiples thereof upon the principal sum specified in this contract-,
¢ �,t any interest payment date, but further covenants and agrees
that the annual payment of principal shall be not less than
6
x`720.00 each.
7
The said. party of the second part agrees to pay all state
S I and county taxes or assessments of whatsoever nature -,,hich may
9
hereafter become due on the premises above described, but the
10
ij pasties to this a:.greement mutually agree thatt the State and County
11
Taxes for the year 1030-31 shall be pro-rc.ted with the understand-
12
ing that the tax year commenced on July 1st, 1030.
13
It is further mutually covenanted and ag reed that second
14
party shall be left into and have immediate possession of the
15
said premises.
16
r_nd. the said peaty of the first oa rt, on receiving such
17
18 payments et the time and in the manner above mentioned, agrees to
19 execute and deliver to said party of the second part, or its as-
20 signs, a good and sufficient deed for the conveying and assuring
21 to said party of the second part, the title to the above des-
22 cribed premises free and clear of encumbrclnce, excepting easements
23 and rights of way now an encumbrance thereon, and excepting any
24 cloud or encumbrance suffered or permitted to attach thereto by
35 the second party hereto, and to furnish therewith a policy of
26 title insurance with liability thereunder not less than 97000.00,
27
showingthe title to said property vested in first party free and
28 clear of encumbrance excepting as above stated.
29 First party declares and states that the hereinbefore des-
30 cribed real property is his separate property.
31 It is further understood and agreed that the stipulc:tions
32 aforesaid are to apply to end bind the heirs, executors, adminis-
WALTER J HARTZELL
ATTORNEY AT I_AW
REDLANDS CALIF
MAIN 079
2.
1 trators, successors and assigns of first LiErty and the successors
2 and assigns of second party.
I14 �,ITNE66 v,,HEREOF, first party has hereto appended his
4 signature, and the officers of second party thereunto duly
authorized hE�:ve executed these prese S.
7
8
j city of Rediands, a vinicipal
9
10
11 Mayor.
12 Attest;
13
14
f City Clerk.
15 f STI-TE OF CALIFORNIA, }
16 Gounty of L" ANGELES }
17On this (v day of Februtry 19351,before me
18 , a rotary ?public in and for said County and State, person-
19 &fly appeared 3&:.rr
pp y �:h.,pherd, known to me to be the person whose
20 name is subscribed to the within instrument and acknowledged to
21 me that he executed the same.
22
.itness my hand and official seal the day and year first
23 Lbove written.
24
35 I
26 Notary :Public in and for said County f
and State.
27
f
28 '
29
30
31
32
WALTER J HARTZELL i
ATTORNEY AT LAW
REOLANr)s,CALIF
MAIN 879 3.
W CLOYD SNYDER
ATTORNEY AT LAW
514 WASHINGTON BLDG.-TELEPIiONL MICHIGAN 7396
LOS ANGELES,CALIFORNIA
Pec . 18, 1031
Walter J. Nar. tzell, Esq. ,
City Attorney,
Redlands, California.
My dear Sir:
I have your letter of December 17th in reference to
the I;arm,- Shepherd contract and land now owned by rye and being
sold to the City of Redlands, the unpaid balance being
"6480.00 , together with accrued interest.
I am not anxious to sell the contract, but sinre the
City has the right to take it up at any time , it leaves the
ma ', 1er rather uncertain and I might invest the money elsewhere
to an advantage. If the City take up the contract , and
if the matter can be definitely in escrow before the lst of
January, I will accept payment on the basis of 4200 .00 discount.
Kindly let ?Tie know what the City wishes to do in
reference to the matter.
Very c ordia 7 ly yours,
�;1 F
C
S
w
xxxxxxxxx
W. Cloyd, Snyder, Dec.
Attorney, 21st
514 Plashing ton 31 g. , 1931
Los Angeles, California.
My dear Mr. Snyder:
Your note of December 18 in regard to the purchase by
the City of RedlE�.nds of the Harry Shepherd land is at hand.
If you will place your deed and other necessary papers
with the title comnL-ny, have search made and be in position to
close this contract on the 7th of January, 1932, with
instructions that upon payment to you of the sum of $6280.00,
together with interest thereon from September 1, 1931 to date
of closing the contract Gt the rate of six per cent, the deed
may be placed of record and a policy of title insur&nce issued
with liability of $7000.00 showing title vested in the City of
Redlands, the money will be placed in escrow for you on that
date. The title of course will show clear excepting for the
exceptions noted in the Shepherd contract dated February 6, 1531.
M,', reason .for delay is that worrants of the City -TLy be
authorized only at regular meetings of the City Council and
our next City Council meeting does not occur until Wednesday,
January 6. V e will be very glad to complete the deal at that
time and I trust that this will be rear enou h to the first of
the year to Gcco ;modate you.
On ret eading the contrfet I note t'rhat the policy of title
insurance should snow title vested in seller rather than in
purchaser. There may be some adjustment of costs hinging around
that point, but we will be very glad to p4�y our proportion of
such title company charge. If this is satisfactory to you Lnd
if you will advise ane of which title company in San Bernardino
,Till be handling the matter, we will {:lso place appropriate
instric tions in the escrow.
Vei.r truly yours,
H:M
r
Ctty Attorney
C
0
P
Y
December
24
1931
eeei rity Title Insurance and Gunrantee Company,
430 Court Street,
San Bernardino, California. -
Gentlemen:
The City of Redlands, through its City
Attorney, `..alter J, Hartzell., Esq., is negotiating
for the payment in full of its contract for the purchase
of the land described in your enclosed title nollay
number 109664x--84-P. The amount which the City of
Redlands 3_s to pay rye for a deed to this land is
AP80.00, together with interest at ail per cent per
annum from September 1, 1931, to the rate of placing
We m MY in escrow with --ou.
I agree to furnish a poWcy of title insur-
ance with liability of 07000,00 , srowinf title vested
in the City of Redlands , subject only to the exceptions
noted in the contract between the City of Redlands and
Harry Shepherd, dated rebrrary 6, 1931.1 The money is
to be paid on the 7th of Januarys 1.932,, or as soon there-
efter as the warrant can be transmitters to you from
Eedlands. I am to pay the cost of the title policy.
The last policy is dated February 14, 1931. I would
like to have you indicate to me what the cost of the new
policy will be.
The City of Fedlands is to pay the recording
charge for the deed and one half of the escrow charge.
Till you release start the a6arch and prepare
and send to Me for signature the deed that is necessary
to convey title to the City of Redlands?
policy. Kindly send receipt for the enclosed title
Very truly yours,
C
'h