HomeMy WebLinkAboutCulver, Charles E; 1913-01-27; HistoricalI!
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61 riITNdSSrlTH: That party of the first part, in considerat-
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THIS ACTWUII" made and entered into in duplicate this
%wenty-seventh dny o€ January, 1913, by and between Chase de
Culver, single, pwty of the first part, of the City and County
of Los Angd08, State of California,- and South Coast Land Corn-
pany, P corporation, party of the second part,-
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ion of tt-10 covenants and a.geernents on the part of the party of
8 I' the second part hersinaftar contained, wgees to Del1 and convey
9 I ' unto said party of the second part, and said party of the second
10 part agrees to buy, all of those certain lands, or parco18 of
11 I/ land, situate in the County of San Dies, State of California,
12 de-vxibed a8 follows:
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I ,/14 ~ 1 - That land, known as the Utt Property, lying in the
i 15 ,' kiortheast Quwter (N.P.1/4) of Section Thirty-aix(36) Township
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i J 16 Line(9) South, Range Two(2) , %est, SBU, containing one hundred
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thi&teen and eighty-five one hundredths (113.85) acres, more or
ALSO the .&st Half of the Southeast Quartsr(d.l/2 of Sede
1/4) of Section Thirty-one(31), and the hest Half of the South-
vmt Quarter (\~1/2 of S.b.1/4) , Section Thirty-two(32) ,Township L ':v.
21 \ L-.. Nine(9) South, Range Gne(1) , iiest,SBM;
22 ,. idortileast Quarter (N.1/2 of N.i3.1/4); snd the Southea.rst Quarter
23 of the iYorthea,st Guarter (S.&l/4 of N.&.1/4), and that part of
the riorth Half of the
24 the Northeast Quarter of the Southeast Quarter(N.E.1/4 of tho,
25 S.d.1/4) lying westerly of the northwesterly boundary of the
26 Fauma Rancho, all in hction Six(6) 8 'l'ownship 'i'en(l0) South,Ra,n@
27 Cne(1) uvest,SBbn; togather with that port of Section Yive(5) ,Tom-
2* ship Ten(l0) South, Range One(1) Irest,Sf& lying wsstsrly Qf the
29 , northwesterly boundary of the Pama Ranch.
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2 - Also, those lands known RS the Sickler properti-os,
being he Southwest Quarter of the iilorthwwt Qutxrter(S,vd./4 of
14.3iel/4); the horth Half of the Southwest Quarter(N.l/2 of S.uir
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1/11) )- and the Southsast Quarter of the Southwest Quarter(S.&. 114
of S,li.1/4) , Section Thirty-one( 31) , Township Nine(9) SouthpRaw
Gne(l), bst, SbU.
1 - SW&:CT to the reservations rand exceptions herein-
after mentioned:
2 0 SU-N&ECT to leasec to lLb.HiainE expiring November
first8 1913, unless earlier terminated pursuant to the terms
thereof .
All for the 8um of Forty-five Thousand, Fow Ilundred Sew
enty-nine Dollars 8.d Twenty-five Cents ($458479,25) , G01d Coin
of the United Stat88; and said party of the aecond part afTTeeIBt
in consideration of the prerni~e8~ to pay to the party of the first
part, the said sum of $45,479.25 8s follows: Twenty Thowand,
Eiine Hundred Sixty-six Dollars and Forty-nine Cents($20,966.49)
cash, on the signing and delivery of these present&, the receipt
whereof is hereby acknowledged; md the sum O$ Twelve Thousand,
Five Xiundred Twelve Dollars and Seventy-six Centa($l2,5l2.?6)
on or before the 27th day of January, 1915; the 8wm of Twelve
ThouaarsX. Dollwe ($12,000.00) on or before the 27th day of Jan..
wry, 1916.
seven per dent (s) psr annum from date hereof, payable annually.
Should default Ibs made in any of said payments, or of 8.ny
Said deferred payments bewring interest at the rab of
installment of interest thereon, when the sm8 becomes due, the
24 whole of said purchase price shill become due and payable at the
25 bption of the party of the first part.
26 Said party of the second part rrgreee to pray the taea
27 and as~lessments hereafter levied or assessed against the aa.id
28 property before the sme becomo dolinquent a and upon failure so
29 60 do, the party of the first part shall have the right to pay
30fhhe same, with whatever costs and legal percentae may be added,
31qnd the amount, RO paid, with interest thereon at the r8.b of sev-
32dn pet- cont (n) per ar~uwn from date of payment until paid, shall
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be deemed part of the purchn,se price hereof and shall. be repaid
by said party of +,ha second part to said party of the first part
on demand.
It 13 further wderrstood that time is of the essence of
this contrrzct, and in the event of default in payment of any of
the payment8 herein provided to be paid promptly when Ram become
due and payable, or in bhe event of the fnilure of the party of
the second pwt promptly to comply with my of the terms here&
then the said party of the first par% 8h8.11 be relievod of all
oblipptiona in law and equity, to convey said proparty, and at
the option of said party of the first past, the said party of %e
seoond part shall forfeit a31 right thereto snd all interest of
the party of the second part in and to mid lands by reason of
this agreement shall thereupon ce~k88 md determine, and all mn-
sys theretofore paid dsr the terms of t,hh 8,qeement to the
party of the first part, d~ll be forfeited to and rete.ined by
the party of the first part,+ and provided further that the
party of the first part will mke grant duedsl to any portion of
tho premise8 hereinbefore described to said party of the second
part, or its ~ucceasors or asoigne upon the padpent to the party
of the first part for the land so thereby conveyed at tho rste per
acre based on coat price of that litnd to party of second part;
the pyments therefor to be mde are to be crsdited upon the
deferred, unpaid principal of this contract.
Provided the psrty of the second pa.rt shall h.ve de
sa id payments, including taxes and assessments as aforesaid, at
the times and in the mnner aforesaid, aid party of the first
part will, arid hs does hereby ageer tc convey =,id premiaes by
a deed of bargain and sale, to the said party of the second part,
md will furnish n-n unlimited certificate of title showing his
titla, to said lands to be clear md free of 811 incumbrance at
the date of such conveyance. Said deed, or deede of conveyance,
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as hereinbefore contemplated shall include all water and - water
rights of every kind and description of the Sarz Luis Rey River
and its tributaries, or either or any of them, that are appur-
-4,enqt to, or in any way connected with the herein described
lands,- jixcerlting, raserving and ret3ining unto the party of
the first p&d. his heirs or ami@, the right to develop
~nd impound arid reaervoir, the waters of the San Luis Rey Riv-
er, at the westerly boundargline of the riJRrnar Ranch, and di-
vert said waters to other points without the San Luis Rlety
watershed,- 8.11 as provided fo5 in that certs.in ageeinenf here
-tofore entered into by andbetween Chas. Fomab and Wm. GI
I-Ienshaw, or his agent, for thqurchaee *of said Warner Ranch.
IN VITUSS VtI.lr2iRd@', the parties hereto have hereunto 80%
their hands and seals the drty and year first above written.
Sou* Coast Land Company
B nt.
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