Lela Fabares owned three parcels of unimproved acreage in Lancaster. In settlement of pending litigation she sold Parcel Number 1 to Abe Benjamin for $116,799, $15,000 in cash and the balance of $101,799 represented by Benjamin's note and trust deed dated February 13, 1956, and due in two years. By recorded written agreement, in consideration of $10,000 cash paid, she gave him successive options to purchase...
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