Know AlL Men By These Presents.:- That the FEDERAL TITLE COMPANY, a corporation organized and existing under and by virtue of the laws of the State of California, and having its principal place of business at the City of Los Angeles, County of Los Angeles, State of California, hereinafter called the "Trustee," hereby certifies and declares that it has received and accepted the assignment and transfer to it, of that certain agreement for the purchase of real estate made and entered into on the 12th day of June, A. D. 1906, between L. M. Sellers, of the city of Los Angeles, County of Los Angeles, State of California, and Alonzo Byers, of the same place, which agreement is in words and figures as follows, to-wit:-

THIS AGREEMENT, made and entered into this 12th day of June, in the year of our Lord one thousand nine hundred and six, BETWEEN L. M. Sellers of Los Angeles City and County, State of California, and party of the first part and Alonzo Byers of Los Angeles City and County, State of California, the party of the second part.

WITNESSETH:- That the said party of the first part, in consideration of the covenants and agreements on the part of the said party of the second part hereinafter contained, agrees to sell and convey unto the said party of the second part, and the said second party agrees to buy, all that certain lot or parcel of land, situate in the County of Los Angeles and State of California, and bounded and particularly described as follows, to-wit:

(DESCRIPTION.) for the sum of Twenty Thousand ($20,000) Dollars, Gold Coin of the United States; and that the said party of the second part, in consideration of the premises, agrees to pay the said party of the first part the said sum of Twenty Thousand ($20,000) Dollars, as follows, to-wit:

Two Hundred Fifty ($250.00) Dollars, cash in hand paid, the receipt whereof is hereby acknowledged; two thousand two hundred fifty ($2,250.00) Dollars upon the delivery to the second party of an unlimited certificate of title, issued by the Title Insurance and Trust Co., of the City of Los Angeles, showing the above described property to be free from all incumbrances to date, and the title thereto to be vested in the said party of the first part; three thousand ($3,000) Dollars on or before six months from date of this agreement; three thousand ($3,000) Dollars on or before one year from the date of this agreement; five thousand seven hundred fifty ($5,750) Dollars on or before two years from date of this agreement; and five thousand seven hundred fifty ($5,75°) Dollars on or before three years from date of this agreement, together with interest on all deferred payments at the rate of six (6) pet cent, per annum, interest payable quarterly.

And the said party of the second part agrees to pay all State and County taxes or assessments of whatsoever nature, which are or may become due on the premises above described.

It is further agreed that time is the essence of this contract, and in the event of a failure to comply with the terms hereof, by the said party of the second part, the said party of the first part shall be released from all obligations in law or equity to convey said property, and said party of the second part shall forfeit all right thereto, and to moneys theretofore paid under this contract and his interest in or to said moneys, and to said property shall thereupon immediately cease, as fully as if said money had never been paid, or this agreement entered into. And the said party of the first part on receiving such payment at the time and in the manner above mentioned, agrees to execute and deliver to the said party of the second part, or to his heirs, or assigns, a good and sufficient deed of grant, bargain and sale, conveying to said party of the second part, or his assigns, the title to said premises.

Upon the payment of eight thousand five hundred ($8,500) Dollars hereunder, together with interest on all deferred payments herein, first party, or his assigns, will execute and deliver to the said party of the second part, or his assigns, a good and sufficient deed of grant, conveying to said second party or his assigns, the above described property, subject however, to mortgage, executed by said second party or his assigns, in favor of said first party, which said mortgage shall be a first lien on the above described premises, and shall secure the payment of two promissory notes, each in the sum of five thousand seven hundred fifty ($5,750) Dollars, one to mature on or before two years from date hereof and the other on or before four years from, date hereof, each of said notes, to bear interest at the rate of six (6) per cent, per annum, which said interest shall be payable quarterly. The said mortgage so to be executed, together with the said notes shall be of the form employed by the said Title Insurance and Trust Co. Said notes shall provide in each case a thirty days' notice in writing prior to payment thereof must be given by second party to first party before such payment can be made. At the expense of second party at the time of the execution of said mortgage said certificate of title shall be continued by said company, showing title in said herein described property, vested in second party, subject to said mortgage.

First party agrees to release any parcel or lot or subdivision of the above premises, having a depth not exceeding one hundred and fifty feet upon payment of a sum of money reckoned at the rate of sixteen dollars per front foot for property on Belmont Avenue ,twelve dollars per front foot on Carter Avenue; and eight dollars per front foot for all other frontage on streets which said property may have. All moneys paid for releases during the first year hereof shall be applied on the last two deferred payments herein. First party agrees to join the second party in dedication of streets in said property within a reasonable limit.

And it is understood that the stipulations aforesaid are to apply to and bind the heirs, executors, administrators and assigns of the, respective parties.