Womble v. Wilbur

86 P. 916, 3 Cal. App. 535, 1906 Cal. App. LEXIS 294
California Court of Appeal·Decided May 15, 1906·No. Civ. No. 206.·Published·Cited by 4 cases

Opinion

BUCKLES, J.

On May 24, 1900, John T. Womble and I. R. Wilbur entered into the following agreement:

“This agreement made and entered into this 24th day of May, 1900, by and between John T. Womble of Hodson, Calaveras County, State of California, party of the first part, and I. R. Wilbur, of the City and County of San Francisco, State of California, party of the second part,
“Witnesseth, That for and in consideration of the sum of one dollar to him in hand paid, the receipt whereof is hereby acknowledged, and other valuable considerations to him moving from the party of the second part, the party of the first part hereby agrees to grant, bargain, sell and convey unto the party of the second part, all his right, title and interest in and to the SW. 14 and the W. y2 of the E. y2 of section 29, township 2 N., range 12 E., M. D. B. & M., and the NE. 14 of section 32, township 2 N., range 12 E., M. D. B. & M., containing 479 acres of land more or less, situated in the County of Calaveras, State of California, together with all the improvements and appurtenances thereunto belonging or in anywise appertaining; which said land adjoins the Royal mining property on the south; upon the following terms and conditions, to wit: The price to be paid for said property is the sum of thirty thousand dollars, payable in installments, as follows:
“July 10, 1900, $1875; January 10, 1901, $3750.
“July 10, 1901, $3750; January 10, 1902, $3750.
“July 10, 1902, $3750; January 10, 1903, $3750.
“July 10, 1903, $3750; January 10, 1904, $5625.
“On the signing of this agreement, the party of the first part agrees to execute a good and sufficient deed of conveyance of the property, free and clear of all encumbrances, and *538 deposit the same in escrow with some bank in the City of Stockton, State of California, with instructions to said bank to deliver said deed to the party of the second part upon the payment by him of all the installments of the purchase money hereinbefore provided for, provided that any and all installments remaining unpaid on the 10th day of July, 1901, shall thereafter bear interest at the rate of six per cent per annum, said interest to be payable on the 10th day of July each year; and provided further, that if any of the installments of the purchase money shall remain unpaid for sixty days after it shall become due, the said party of the first part shall have the right and privilege of withdrawing said deed from escrow, and terminating this agreement, in which event the party of the second part shall forfeit all payments that have been previously made. The installments of purchase money hereinbefore provided for shall be payable at the said bank with which said deed in escrow shall be deposited, to the order of the party of the first part. On the signing of this agreement the party of the second part shall have the right and privilege of entering upon the said premises, and to open, develop and work the mines situated on said property, and to sink shafts, drifts, chutes, and stopes, and to extract the ore therefrom, and reduce or sell the same and retain the proceeds therefrom; said right and privilege, however, to terminate at the option of the party of the first part in case of default in the payment of any installment of the purchase money within sixty days after the same shall become due as hereinbefore provided; and during the currency of this agreement the party of the first part shall not in any way interfere with the workings in said property on the surface or underground, but he shall have the privilege of remaining upon the property and working the agricultural portion of it, for which he shall pay to the party of the second part the amount of one hundred and fifty dollars per annum, payable in advance.
“It is also understood and agreed that the party of the second part shall have the privilege to pass over and use such land as is necessary in the prosecution of the development of said mines.
“When the last payment is made, the party of the first part shall vacate the premises, leaving the buildings in as good repair as they are at the signing of this agreement, natural *539 wear and tear excepted, provided, however, the said party of the first part shall have the right to remove from said premises a building owned and occupied by C. 0. Womble and one occupied by C. C. Crane.
“It is hereby further distinctly understood and agreed that time is of the essence of this agreement, and the due performance of the several conditions hereof by the party of the second part is a condition precedent whereupon depends the right of the party of the second part under this agreement. This agreement shall be binding upon and its rights and privileges shall inure to the benefit of the heirs, executors, administrators and assigns of the respective parties hereto. In witness whereof, the parties hereto have set their hands and seals, the day and year first above written.
(Signed) “JOHN T. WOMBLE. (Seal)
“I.T. WILBUR (Seal)”

The above contract was duly recorded December 8, 1901.

A proper deed was prepared in accordance with said agrees ment and the Stockton Savings Bank was selected as the bank in which said deed should be placed in escrow, and on May 24, 1901, the deed was deposited in said bank with the following agreement or letter of instructions:

“To the Stockton Savings Bank, Stockton, Cal.:
“There is herewith deposited by me with you a certain deed, of date October 18, 1899, made by me to I. R. Wilbur, of that certain land situate in the County of Calaveras, State of California, and described as the southwest quarter and the west half of the east half of section twenty-nine, township 2 north, range twelve east, M. D. M., and the northeast quarter of section thirty-two, township two north, range twelve east, M. D. M., containing 479 acres, more or less. This deed is delivered to you in escrow, to be held by you subject to the following conditions:
“The said I. R. Wilbur is to pay into your bank for me, the following sums of moneys at the following designated times, viz.:
“On July 10th, 1900, the sum of $1875; on January 10th, 1901, $3750; on July 10th, 1901, $3750; on January 10th, 1902, $3750; on July 10th, 1902, $3750; on January 10th, *540 1903, $3750; on July 10th, 1903, $3750; on January 10th, 1904, $5625.
“When all of such payments shall have been made in the sums and at the times specified you will deliver the said deed to said I. B. Wilbur, or his assigns, or upon his written order. If the said payments be not made in the amounts and at the times specified and there shall be default in such payments to you for me, for the period of sixty days next after any of said dates, then and in that event such deed, on demand by me, shall be delivered by you to me. ^
“Witness my hand this 24th day of May, 1900.

Free access — add to your briefcase to read the full text and ask questions with AI

Womble v. Wilbur, 86 P. 916, 3 Cal. App. 535, 1906 Cal. App. LEXIS 294 (Cal. Ct. App. 1906).

86 P. 916 (Womble v. Wilbur) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Diaz v. United California Bank
71 Cal. App. 3d 161 (California Court of Appeal, 1977)
Wade v. Lake County Title Co.
6 Cal. App. 3d 824 (California Court of Appeal, 1970)
Hopkins v. Hopkins
320 P.2d 918 (California Court of Appeal, 1958)
Williams v. Rush
25 P.2d 888 (California Court of Appeal, 1933)