Laserfiche WebLink
THE PRINCIPAL PAYuENT S ASOYE VENT $ Or4 O, FROM THE OAT t THEREOF <br />(NMI INTEREST ADJUSTED TO DI:CENeER 1, 1957) AT THE RATE or >ilx <br />PLR CENT (44) PER ARNUfii, PAYAOLE ANNUALLY ON DEctImpLR 1 $T OF EACH <br />YEAR, SEGINN$ND DiCtMDER 1958. CITY OF RLDLANDs SHALL EXECUTE. <br />AND DELIVER TO DRAKES A DEED of TRUST COVERING $AiD POLO EVE <br />AND THE PROPERTY MEREIN DESCRIBED AND AGREED TO OE BOLD HEREIN, <br />AND CONSTITUTING A 1$lt$T LIEN THEREON, TO $i:CRNRL THE PAYMENT or <br />SAID MOTE.. <br />AS ADDITIONAL COLLATERAL TO SECURE THE #AYI $T or SA I D <br />NOTL, CITY or REDLANDS $MALL ALSO EXE.CU"TE. AND DELIVER TO DRAKES <br />A CRAP MORTGAGE ON ALL CITRUS FRUIT HARVESTED SY SAID CITY ON <br />THIS PROPERTY HEREIN AGREED TO SE SOLD. FOR ALL CITRUS CROPS <br />P$W O%IGLD AND PICRIC ON MID FOLO 8 R0Vt, 41TY or Rt LANIDS *ILL SIGN <br />A CROP URDER AUT ORIZIMG PAYmENT 0? ALL CROP PROCEEDS TO DRAKES <br />UNTIL DECEMBER 1, 1959 AND DRAKES MILL SIGN A CROP ORDER THAT THE <br />CITY 0i REO At4QS 'HALL RECEIVE ALL CRAP PROCEEDS THEREAFTER. <br />SAID NOTE, DEED or TRUST AND CROP i RT;.AGE. SHALL C". <br />EXECUTED OY MAIO CITY OF REDLAW $ ON THE PRINTED TORN$ OF NOTES, <br />UEEDS OF TRUST AND CROP M3RTGAC3L$ NOw CUSTOMAR $ LY L $LD RY THE <br />SANK 4F AM,:.RICA NATIONAL TRUST AND SAVINGS ASSOCIATION, REDLANDS, <br />CALIFORNIA, AND SHALL OE IN FORA/ AND PROVISIONS. ExCEPT As HEREIN <br />ExPRLSSLY PROVIDED, '.RAT I SFACTD RY TO L#RARCES. <br />DRA E's AL FLEE TO CONVEY SAID F'Q LO GROVE TO CITY <br />OF REDLANDS BY A GO)0 AND $uFFICIIe_MT ;,E. cs. i0E.E.TME:R *1TM A Sf6N— <br />HENT OF SAID SNARES or S ATEFt STOCK, SuOJEcT TO THE FoLLowtm i, To—atTL <br />A. SECQ 40 i*ISTALLMENT of TAXES FOR 19 7-56 ANO Sua- <br />SLQu i4T TAXES AND ALSO ALL SPECIAL AssESSNERT, LEVIES, TAXES <br />AND SOND$ NOT DELINQUENT ON JAN UAkY 1, 1 }yj; <br />C3. ALL LA$t:MIiST$, CON11aTLON$, REsTRIcTGAN$ ANO RIGHTS <br />DF ttrAY, Of RECORD rR vI SIBL e" <br />