Residential Land for Sale in Santa Margarita, California

The following described real property in San Luis Obispo County, California:

Lot 176, Unit 20A, California Valley, as per Record of Survey recorded in Book 11 of Records of Survey, Page 39, Records of said County, together with a nonexclusive easement for ingress and egress over, along, and across the streets as referred to and shown on all presently recorded Records of Survey of units of California Valley.

Subject to easements for ingress and egress across the part of said realty referred to and shown as a street on said Record of Survey hereof as heretofore granted to the owners of lots in presently recorded Records of Survey of units of California Valley and subject to the right reserved herein to Seller, its successors or assigns, to grant within the time permitted by California Civil Code Section 715.2 similar easements across such part to the owners of lots in both presently and future recorded Records of Survey of units of California Valley created from the property described in deed recorded in Book 1040, Page 327, Records of said County.

Excepting therefrom and reserving unto seller fifty (50%) percent of all oil, gas and other hydrocarbon substances lying in, under or upon said property lying below a depth of five hundred (500) feet from the surface but without right of surface entry.

This Deed is made and accepted upon the covenants, conditions, restrictions and reservations set forth in that certain Declaration of Restrictions recorded on February 28, 1961; in Book 1110, Page 537, Official Records of San Luis Obispo County, California, all of which by this direct reference thereto, are incorporated in this conveyance and made a part hereof as though set out herein in full.