HomeMy WebLinkAbout; Elizabeth Gunn; 13802: Propertyi
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Real Estate Option
(No. 4)
For and in Consideration of the sum of ... .Two---Hundr.ed-.-.-.-------rT.--.-.- Dollars
($ 200^00 -J casA in hand to unders/|necy .- Mr.S.. -Elizabe th...Gunn _
parf...y.. of the Grst part, paid by °° ® "^|||r^|:^JSf |ny party of the second part, receipt
whereof being hereby acknowledged, the part...y. of the first part agree..%. that the party of the second
part shall have, and is hereby given, the EXCLUSIVE RIGHT OR OPTION, until and including the
—:Cj.r..S.t....£fa7 °f .Ju.ne , 19.?.9..... to purchase the land and premises hereinafter de-
scribed, and the part-.y.. of the first part agree..Q.. to sell the same at the price o/..Jllf.tjejen—Thausa-ndj
Dollars ($....]^.§.^^Q.^QQ..) upon the terms and conditions following, to-wit:
.-J'af..tejerL...Th.ouBand...:r.:r.---.-.-.-.^^ Dollars C$..15.».Q.Q.Q.?.00...j,
in cash on delivery of deed and guaranteed certificate of title of an acceptable Title Company (less
the said sum of $ 2G0-w00 this day paid, which said payment is to be considered as a part of
the purchase price if this option be exercised.)
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The land and premises, the subject of this option, are situated in the
County of .SaH -DieSO - --- , State of California, and are described as follows:
All tlB t portion of Lot "D" Rancho Agua Hedionda ds per" Partition
Map of said Rancho, Map No, ^JLS t Records of San Diego County,
California, described as follows:- Beginning at a Granite
stone set within the Grant for the common southerly corner to
Sections 34 and 35, Twp. 11 Sc., Range 4 West, S B B & M.; thence
Northerly along the line between said Sections #34 and #35, 2295
feet more or less to the Southwest corner of that property con-
veyed by Chester Gunn and Elizsabeth Gunn to Geo. L. Gunn and
Chester D. Gunn and recorded Nov. 6,1920, , Page 314 , Book 829
of Deeds, Records of San Diego County, California,; thence follow-
ing t^beui^l^ry of eald property «»ffterly l^P9v^^^^ th«mce North-' '
erly 857 feet; thence Easterly 1320 feet more or less to a point in
the North and South center line of said Section #35, which is the
Southeast corner of the above mentioned parcel of land conveyed to
Geo. L. Gunn and Chester D. Gunn; thence Southerly along said last
mentiored line to the South Quarter corner of said Section #35; thence
Westerly along the South line of said Sec. #35 2656 feet more or les;f,
to the point of beginning.
- parfy of the second part suaii aeposn
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 £rst 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 io 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 Grst part IJ
shall not be relieved of obligation to convey hereunder, except the party of the second Sfil
part in writing declare a recission of this agreement. K
The deed to be so delivered shall be in the form of grant, bargain and sale, and shall convey the S
land and premises free from all incumbrances except
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.—.No. 4—Wolcott's Real Estate Blank
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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 ot 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 sucb notice, the party of the second
part fail to make the deposit of the purchase money 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.
Witness:
%XQ.xz Of CaUfMtiia,
COUNTY OYJildl^..
A. D., 193.9 before mCi
a Notary Public in and for the said
rem, auly copimissioned and sworn, personally appeared
;^^^:<<>:vt-^3:^i-;^
known to me to be the person whose name.....«;:^r*r. subscribed to the within
Instrument, and acknowledged to me that/4-he executed the same.
Tn mitness (Ubereof, i have hereunto set my hand and affixed my official seal
che day and year in this Certificate first.^abpj^e written.
ACKNOWLEDGMENT—General—Wolcott's Notary Blank 232
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