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B00K8119 PAGE1565 <br />Recording requested by: <br />CITY OF REDLANDS <br />''` ! RECORDED MAR. 70 <br />' C;!_E_RK, CITY HALL <br />A NC.',, CALIF. 923731 J TAX PUE <br />NO Ft:: <br />1099 <br />•O <br />FEE <br />CONTRACT OF SALE <br />RECO c. ti 1 F + ; 'C1AL RECORDS <br />�S^AN r ll+: tip" 4 r'.�-� COUNT,Y1 DCAL. <br />f EO. R, S�,L'.tZ.c'r. �::.:}�+ Is�.C,+VF: 1..it <br />173 FEBC <br />9 . <br />PM 2 25 <br />On the terms and conditions contained in this Contract, EVA B. <br />STOVER, hereinafter called "Seller" agrees to sell to Buyer, THE CITY <br />OF REDLANDS, a municipal corporation of the State of California, herein- <br />after sometimes called "Buyer", the real property herein called "said <br />property: situated in the City of Reflands, County of San Bernardino, <br />described as follows: <br />Lots 10, 11 and 12, Block 11, TOWN PLAT OF <br />REDLANDS, as per plat recorded in Book 5 of <br />Maps, Page 10. <br />PURCHASE PRICE <br />Section 1.01. Amount of Purchase Price. The purchase price for <br />said property to be paid by Buyer shall be the sum of $85, 000. 00 for said <br />real property. <br />Section 1. 02. Payment of Purchase Price. The purchase price for <br />said property shall be paid by Buyer to Seller as follows: <br />(a) $21, 250. O0less the deposit of $1, 000. 00 received as cash <br />consideration paid outside of escrow, <br />(b) The balance of said purchase price, in the amount of $63, 750.00, <br />shall be paid as follows: <br />1. On the 15thday of February , 1974, the payment of the <br />sum of $21, 250. 00. <br />2. On the 15th day of February <br />sum of $21, 250. 00. <br />3. On the 15th day of February , 1976, the payment of the <br />entire balance of the purchase price, in the sum of $21, 250. 00. <br />Interest of six (6%) per cent per annum shall be due and payable on the unpaid <br />, 1975, the payment of the <br />balance. <br />-1- <br />