Deeds & Easements_3-1938E - Laserfiche WebLink

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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 C 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)