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HomeMy WebLinkAbout; |Chester D. Gunn| Geo L. Gunn|; 13803: Propertyi Real Estate Option ^ iFOt anO ftt COtt0lD?tatiOtt of the sum of ...One Dollars ^ ($ ) cash in hand to undersigned, ....G.eo.»L,-5Jad. -Ches-t«r.-D.-Gunn- ^ parti.es>f the first part, paid by aceaOStda-MU-tual-^^ , party of the second part, receipt ^ whereof being hereby acknowledged, the pa^..... oFffieSrst part agree that the party of the second ^ part shall have, and is hereby given, the EXCLUSIVE RIGHT OR OPTION, until and including the w| .....f .ir-s-t day of June > 19-30-' to purchase the land and premises hereinafter de- ^ scribed, and the partiegjf the first part agree to sell the same at the price of -One -T-hou.sa.nd ^ Dollars ($-.1.000-.^00 ) upon the terms and conditions following, to-wit: m -On.e--ThOUSand- ™.^..^..-r..-r.r.....^.r..-r..^.:T.r.r..r..^.-.---.r..-.- Dollars ($.1000.-00- -"-), Sjc in cash on delivery of deed and guaranteed certificate of title of an acceptable Title Company (less the said sum of $ I.JQQ this day paid, which said payment is to be considered as a part of ^ the purchase price if this option be exercised). S The il nd and premises, the subject of t-his option, are situated in the County of San Diego, State of California, and are described as follows:- All that portion of Lot "D" Rancho Agua Hedionda as per Par- tition map of said Rancho, Map No, ff^S Records of San Diego County ^ California, described as follows:- Beginning at the Southwest m corner of that parcel of land conveyed by Chester Dunfl and Elizabeth ^ Gunn to Geo. L. Gunn and Chester D. Gunn and recorded Nov. 6th, 1920, § Page 314, Book 829 of Deeds, Records of San Diego County, Califor- SS nia, said point being in the line between Sections #34 and #35 ^ Township 11 So., Range 4 West, S B B & 11; Skid-point being Southerly « i:b«-latMl-and-pr«i(U6e9j' -the-subjeet- of-this-option,-are Th{T<AeCt'in'^he'".r.r..T..r.T.T.T.T..T..T.:^.T.T.T.':^.T..'^ " -<;kw«t5Mrf"j.r:.^-..T:.-Safl---©^i«g-a--^-'?"--';'--- -State of- €attfofWta; -atiS -arf tiescfl»^~a"r fbHSwrr •" S! 2957.11 feet from the Northwest corner of said Section #35; thence ^ Northerly along the West line of said Sec. #35 331.06 feet to the g West one-fourth corner of said Section #35; thence Easterly along ^ the East and West center line of said Section #35 to its intersection m with the Easterly boundary of the above mentioned parcel of land Hn conveyed to Geo. L. Gunn and Chester D. Gunn; thence Southerly ^ 336.12 feet along the boundary of the land so conveyed; thence follow- ^ ing said boundary Westerly/319 feet more or less to the point of ^ beginning. I If the party of the second part conclude to exercise this option, notice shall be given the part of M the first part, either by letter addressed, or by mail, to at No w , or by written notice delivered to the party of the first ^ part. Within five days after the giving of such notice the part of the first part agree to deposit in escrow with Sn a good and sufficient grant deed (signed also by the wife of the part.. of the first part), ul 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 de- livered 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 S 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 m withdraw such moneys and papers from escrow, but by such withdrawal the part of the first part ^ shall not be relieved of obligation to convey hereunder, except the party of the second part ^ in writing declare a recission of this agreement. S The deed to be so delivered shall be in the form of grant, bargain and sale, and shall convey the « land and premises free from all incumbrances except I ^ The part of the first part hereby covenants that ^ » is the owner of the said land and premises, and that the same are free from all incumbrances except: OPTION—REAL ESTATE—WOLCOTTS FORM 1476. (OLD NO. 4). r i The office of the said hereby designated for the payment of any and all moneys to be paid hereunder if this option be exercised. If the party of the second part shall fail to notify the part of the first part within the life of this option, if its election to purchase hereunder; or if after giving such notice, the party of the second part fail to make the deposit of the purchase ittioney in escrow with within the time herein limited, this option shall be thereafter null and void and the part of the first part no longer bound hereby. This agreement shall be binding upon and inure to the benefit of the heirs, executors, administra- tors and assigns of the part of the first part and the successors and assigns of the party of the sec- ond part. Dated at ^^"^^ihi^^^^ ^::^m,.^jL.^^ ' Witness: ,,<S^^^«^^<^^^4^**^^< , 19. ^tate of CaUfomia, COUNTY OF.. A. D., before me, onally appeared a Nptan^- Public in and f(^ said County known to me, (or proved to me i5n the oath of.. ), to be the persoiLS. whose nameS.. ..iij?r3{^... subscribed to the within Instrument, and acknowledged to me that ..theJi. executed the same. 3tt Wi\\X\.t%% Sidlb^teof, I have hereunto set my hand and affixed my ofificial seal the day and year in this certificate first above written. •Rotary Public in and for said County ,anjl State. INDEXED o • M H N 4 TJ n O 3 SL " i'*0 o I I I 1 I