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upr000141 98

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upr000141-098
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    This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.

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    University of Nevada, Las Vegas. Libraries

    assessed upon the option parcels which are chargeable to capital account, subsequent to October 15, 1958; Purchaser may exercise each option at any time during the term hereof by delivering to Land Company notice of its intent so to do, together with the pur­chase price, provided Purchaser shall have received all necessary governmental approvals and shall have: in case of Option Parcel No, 1, entered into an agreement for construction of a good and substantial office, warehouse and manufacturing building or build­ings containing floor area of not less than ^0,000 square feet; in the case of Option Parcel No. 2 give written notice to Land Company that Parcel No. 2 is required for expansion of Purchaser's operations being conducted on Parcel No. 1; Land Company, provided Purchaser be not in default, to deliver to Purchaser deeds conveying option par­cels and standard policies of title Insurance in amount of the pur­chase price, showing title to said option parcels to be vested in Purchaser, deed for Option Parcel No. 1 shall convey title subject to: (a) Taxes for the fiscal year in which said option is exercised, whether yet payable or not, and taxes for all subsequent years; (b) Conditions, restrictions, exceptions, reserva­tions, easements and encumbrances of record; (c) Easement for flood control purposes granted to the Los Angeles County Flood Control District recorded in Book 18176, Page 173, Official Records of Los Angeles County; (d) Easement for drainage purposes granted County of Los Angeles, recorded in Book 1517^, Page 262, Official Records of Los Angeles County; (e) Easement for drainage purposes granted County of Los Angeles, recorded in Book 6167, Page 319, Official Records of Los Angeles County;