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<br />39
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<br />Thi.s agreement. made this . day af, January, H~47, between Eugene
<br />Pawer Campany, . an Oregon Carparatian 'as first party, and the City afEugene,
<br />Lane Caunty, Oregan, a..,Muni,ci.pa1.," c.arporatian secand party,
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<br />ytITNESSETH
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<br />WHEREAS"se,cand.. pa.rty. hald an optian fram first pa rty to. purchase all af
<br />the, praperties.,r,e,al.and.,p,er,sanal,., helangingdta, the. f,irst pa.rty. far"the" ~um af
<br />Fiftythausand ($50,000.00). D.allars" and, .'
<br />WHEREAS, f.irs.t par.,ty has furnished secand party a, title.repart an the
<br />real. pra,perty af first. par.ty pr.el.iminary to. the, issuance af a Palicey af Title
<br />,).. ins urance in fa var af secand party, in the sum af Farty thausand ($40,000.00)
<br />.' Dallars, and secand party has examined said title repart and , '
<br />WHEREAS, fram said title repart, it appears, that there .are certain
<br />I g:~,~~.i,:e~~a;h~aI.i,~;,::"ta a partian af the real praperty af first party, which is
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<br />The Nartherly. 50, feet, af, ,the, Eas,terly 30.. feet . af Lat 6 and
<br />the Norther1.y, 5.0 fe,e,t, af.,La.t 7, all in Blac,k, M. af, the Amended
<br />Plat- af .Fairmount, Addi ti,on",to the City of Eugene, Lane County,
<br />Oregon, as the same is platted and recarded in Volume 2 page
<br />12" Lan.e County. o r-s g.an, Ela,t Re,cords,.,
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<br />Also:, Tha,t..,p,or,ti_on. of. Lo.t 3 Bl,ock 34, Fairmount, lying Sauth
<br />af, th,e, Mill. Race.. and... Nar.th, af, a line, parall.el. to.. and 230 feet
<br />distant",Narth.erly:fr..om."the. Sau.the,rly line af said_ lat 3; also.
<br />the ,Nartherly' 50 feet af Lat 4 and_ ,the,. Nartherly 50 feet of
<br />the Westerly 10 fe.et,af La.t. 5" all in ,said, Bla_ck 34 af the
<br />Amended Plat. af, Fa.irmount, as the same is platted and recarded
<br />in Volume 2 page 12, Lane Caunty Oregan Plat Recards, in
<br />Eugene, Lane Caunty, Oregon
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<br />Also., the.. Nar_,ther.ly 50 feet af the East.erly 40 feet af Lat 5
<br />and the, Nar.ther.ly:~ 50 feet af the West,e-rly, 20 ,fe_et. af Lat 6,
<br />Black 34, Amended. Plat."af, Fairmaunt, as the same is platted
<br />and recarded in Va~ume 2 page 12, Lane Caunty Oregan Pl~t
<br />Re,cards, in, Eug.ene" ..Lane. c.aunty" Oregan., and.
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<br />Al,sa:The ,Nar_th,erly 50 feet, of, La,ts 8,. 9 ,and 10, Black 34,
<br />af ,the, Amended. Plat, of Fair mount. Addi_tian, to.. Eugene, Lane
<br />Caunty, Oregan, as the same is platted and recorded in
<br />Val,um.e 2 page 12,. Lane Caunty Oregan Plat Recards, and,
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<br />WHEREAS, the ,part,ies hereto. mutually desiraus- af clasing this tran-
<br />sactian, in sa far a s it. per.tains to the praperty af firs_to party, the title to.
<br />which is nat defective; and clasing this transact-ion as to. the remainder af
<br />s,aid praperty, when. sai,d t,itl,e defec.ts.. are carrected.., ta- the sa.tisfactian af
<br />s.ec,ond" party, . ~,
<br />NOW_ THEREF.OBE,incons1,der,atian af- the premis,es and, of the" c,avenants
<br />and agreeme'nts to. be kept and perfarmed by the respec,tive parties hereto., as
<br />hereinafter specified it is, understaad and agreed between the parties hereto. as
<br />f.oll.aws,:
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<br />1. First par.tyshalLimmed,ia.t.ely deliver and, canvey to
<br />secand. par..t8"by an apprapr,ia,te Dee,d~.and- Bill af Sale,
<br />all.af the property real and persanal af first party,
<br />except the praperty hereinabave described as having
<br />title defec.ts,.
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<br />2. Up an; ,the.. de,livery to. secand. party af a Deed and Bill
<br />af Sale".in" the farm sa.t,isfac,tary to. the secand party,
<br />shall immediately pay to. first party the sum. af
<br />Farty,-nin,e thousand ( $4:9,000.00) Dallar.s.. .
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<br />3. First. party will ,praceed to. clear the above described
<br />property from the, defects in title to. the satisfactian
<br />of secand party, and shall have a reasanable time with-
<br />in .which to.. do. sa.
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<br />4. When sai.d ,title defe.c-ts have, been cle.ared to. the satis-
<br />fac.tian af se,candparty, f irs,t par,ty shall. canvey said
<br />pra,p_er.ty to., s,ecand. party. by Deed in,. the.. farm approved
<br />by secand party, and th\3reupa.p. secand party agrees to.
<br />pay first party the sum of One Thausand ($1000.00)
<br />Dallars.
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<br />IN WITNESS WHEREOF, first-.- party hascaus.e.d these pres.ents to. be
<br />I executed by its President and Secfetary and its carparate seal to. be hereunto.
<br />I affixed by autharity af its Baard af Directars, and secand party has caused
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