HomeMy WebLinkAboutContracts & Agreements_O2-1962_CCv0001.pdf ESC -, OW INSTRUCTIO __ S
(REAL ESTATE TRANSACTION)
MEMO
PAID OUTSIDE OF ESCROW
` yy"�� - pp_ CASH�RHROU6H ESCROW
To: Waa•k of ,mural UNPAID BALANCE OF w O.
NATIONAL rAMT,'el ASSOCIATION ENCUMBRANCES OF RECORD
ROPA—YN *' 30, -Branch f tiEw ENCUMBRANCES n
i.tugalf. TQfi'Al'GON BIDERATF". iILI „ ,•19
In eonslderatioti of your acting as escrow holder herein, it is agreed that you shall in no case or event be liable for
forgeriesrbt”falee perednations in connection with these inetrnctionb, lestrnteents df record,or tffose hanlfleels in this ei acdro*.
It is funhet agreed that if any controversy arise 'beei*ften tlit patties hereto 4 witli`snp'thiidpeiiotii'�ow�h'alt not be
requit9ed to,detertbine,the "me`or take any AetlCm Aft the premisees,but-yoa siiif"'amikl�the settlement of any such controversy
by final appropriate lesat proceedings or otherwise as you may regd1re, notwithstanding anything:`in the follo*iug lnstrdetions
to the contrary, and in such event you shall not be liable for interest or damage. In the event of such controversy, you shall
be entitled to reasonable compensation for all services performed by you and to costs and reasonable attorney's fees if you
intervene War are made a party to any litigation, the undersigned jointly and severally agreeing to pay the same, and you
shall further be entitled to hold all documents and monies deposited herein pending payment thereof.
I '�1lCi"�lf�.�i 6and'yd`u.� �`g •{�
and will deliver to you any notes, instruments and additional funds required from me to enable you to comply with these in-
structions, all of which you are aittthotitediand instructed to use and deliver provided instruments have been filed for record
entitling yod.to procure assurance of title in the usual form of a Standard {W Policy of Title Insurance,
issued by )5W=�✓ q & TrVUft Co with a liability of $�,3�.� covering property in the County of
, , .
Stat of described as follows:
Pmol. tf � 4,4 wt
&46 1-3
Of 141 8 2. sea. TP acro.
!'f •4I�p R. 311 - atlr*
NMA. , ,�,, ' SW pec 1 P� 8it - air i &moo
As per map recorded in book, r .Page of Records of said County
showing title vested in: (,*M OF RXVLA ; i mzlcipa writ
subject to: (1) PAUGeneral and Special taxes for the fiscal year 1f1 1962
INCLMING ANY SPECIAL DIST'RIC'T` LEVIES`, PAYMENTS FOR WHICH ARE INCLUDED THEREIN AND COLLECTED
THEREvrm, AND PERSONAL PROPERTY'TAXES,'IE ANY, ASSESSED AGAINST ANY 0RMER O*NtR.
(2)Assessments and Bonds, presently of reeotd,'having a present unpaid balance of''
(3) Any covenants, conditions, restrictions, reservations. rights, rights of way and easements of record SWIMT TO THE
APPRWAL OF THE BUM=,
(4)Deed of Trust securing an indebtedness of S nom , as per its terms, now of record, unpaid balance
of principal $ 110" . Any difference in unpaid balance as disclosed by beneficiary statement will be adjusted
through-escrow so that the total consideration remains unchanged.
a
(S)Deed of Trust on Bank of America N.T. S.A. form, executed by
securing a Note for = � in favor of
dated during escrow with interest at per cent per annum, from
payable at
principal and interest due and payable in instalments of$ 1103W OR MORE, each on the
day of every month, beginning and continuing until
elogo of O ' the following,adjuatments,and.proratioas-only are requued in this escrow:
As of
TRU-245 11-50 IREV 15E0/
Unless otherwise provided mak I prorations and adjustments on basis of 30 month; real property taxes, and as-
sessments or bonds on figures provide y Title Report, excluding taxes on Personal P._rerty not being conveyed through this
escrow-, recta on-basis of statemena' foved bt_:oi"e!'t,ptlneipa2 and interest on encumbrances of record based on statements by
Beneficiary or holders of notes for collection; and interest on new encumbrances by endorsements on notes.
Seller represents and, „ere to assume daotha'pcemiutm on any=dnsurance policy which',seller.hands_to you or causes
to be handed to you in this escrow, or which is revealed to be in the possession of a beneficiary, has been paid in full and
that such policy has not been hypothecated. Forward such policies and/or endorsement forms to be attached thereto, if any,
after close of escrow to the agent with a request that the insurer consent to the transfer thereof and/or the attachment of loss-
payable endorsement or mortgagee's clause or other additions or corrections as required, and that the agent thereafter forward
such policies and/or the endorsements thereto to the parties entitled thereto. Seller will a
_real a.ad...psrso6a —
concerned with same.
It is agreed by the parties hereto that so far as your rights and liabilities are concerned, this transaction is an escrow
and not any other legal relation and you are an escrow holder only.
The expression "close of escrow" if written in these instructions shall mean the date instruments are filed for record.
It is understood that all disbursements shall be made to parties in interest, by your remittance and that remittance and
instruments will be mailed to one of the parties entitled thereto, if more than one, to address given below. Instruct County
Recorder to�mail instruments in the same manner.
Deliver Title Policy to City of Jt6a,&yd8, MVMje1j5KJ Carporat '!
I will pay, on demand, regardless of the consummation of this escrow, all charges incurred by you for me, including your
usual escrow fee and usual charges, unless otherwise provided.
The W1aW*i9 a*a 'bu rear hearth MMOM U par x21 tees in 00=eation With Policy of Title
I"wafte-0epeur'M ,91 Stead, sad I>t�er. rrex+�te 8teatps atti"d to said ids AM
all4ea em*
IV"YOU*AkE UNABLE TO COMi5LY WITif T lE§E INSTRUCTIONS ON OR PRIOR TO �
YOU WILL COMPLY AS SOON THEREAFTER AS POSSIBLE UNLESS A WF%'WRITTEN DEMA 12" itNEY OR
TNSTItUME15't S` BY`A PARTY TO tW EtCRO* IS'REC, Viv D PAY YOU`SU$SEQ'I' TO Cji OA I E AND PRIOR TO
THE RECORDING OF ANY INSTRUMENT PROVIDEDFOR HEREIN.
Signature w . r =rt a Sigaatura.-
Ci !'Pai �t�6ltr esa
Address
•;P- .-
Telephbnet� Telephone
-
THE' F?ORgWTNG'.INSfttfCfI04s' ND tor4 )hrlbttS ARE,",AEREAPPROVED AN6'ACCEPTtIJ'IN THEIR EN-
TIRETY ANb C0'-9CM tM IN PY MEK I,wilI supply you with funds, note,&,and.,ipstruments requited from me to enable you to
comply,with these instructions, which you are authorized to use and deliver provided you hold for my account any instruments
accruing to me and the sum of;
Order search of title at once. Deduct all my expenses from funds accruing to me. I`will pay, on demand, regardless of
the consummation of this escrow, all charges incurred by you for me (except those other party has agreed to pay), including
title charge, fee for preparing instruments I execute, your usual escrow fee and usual charges, unless otherwise provided.
Internal Revenue Stamps are to be affixed to Deed I execute in the amount of S
Make following d spoaitioe of piocee 3 dtre mea
I. Cr"i,cofifl"account of at your Branch.
Sav„ .
2. Mail Check to me ac 4
77
TING tBI 0'10'211"AT, NO WSYSI$ IN GaymmI" m VI"'' .'W"Ok' #,
�.. De»111A�'�';°4�`„�ifs� IIs�'�iM9IC' �1�'”'� t�', t�.,�',' •f `'4At'r�"�"1Etl�'�'`:'�'�e"�`��' ...
2. Tha-19614*A0ft%T-- :, Oa AWOaeat# t '-*0d1 *W,* kW
IleJA
Y,
SignatUte Signature ,
Address Roy H"ki= Address A}}.00tandor Then
Is" K-'llaj
Telephone Redlandov C"MMia Telephone RedlaXkft1 Ca1iforn"
m5575 m3M
GNNRR�lL'OPTI O
IN coo xon of the am of JAL LLILgm Dollars,
to pr in hand paid by ;
the receipt of v%idh is hereby ackaanledged. we do hereby agree to sell
and convey to
real property situated in the County of Ban Bernardino,+o, state of
PARM on -
a1ACofw4ACBW1/4et 1/4 SS 1/4sac 13TP18d311 iAC
I i AC of x 4 AC 8 1/2 n 1/4 m 1/4 BSC 13 R'P 18 It 3W 1 he
E1ACM2W81/2021/4M 1/4 BBC 13 TP 188311 1 !kC
M 1 AC of 811 1/4 8E 1/4 98 1/4 BBC 13 TP 18 R 3 W 1 AC
As recorded in the recorder's office of the County or Baa .
PAMCBG TMPD -
R 1/2 W 1/4 SII 1/4 1/4 BBC 13 TP 18 R 3M AC
As recorded in the recorder'■ office of thb County of Slag o.
1 -
This option sap be exercised by deliveringwritten notice
addresse4 to sellers at Redlands Plying Inn Airport, 1955 wabah Avenues;
at any time within from date bftwf+ for the am of
ilaws,
payable able r�rr in carob thrmil gh notn7YA4
•
2 - Said written notice shall be diaaiid delildird within 48
hours of its deposit, Postage prepaid, certified rail, at my united
states Post Office, but City ray elect to hand deliver by aaassengar said
notice to the aforesaid promises. The notice shall be deemed delivered
upon leaving it at said prrisee.
Sellers represent and„ warrant that they harve- an tbority to
,enter a grant the option heroin given and that they own, title to said
i
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