Sold Property

AR (Agricultural Rural Residential): Only one Single family dwelling allowed per lot. Agricultural uses allowed, under county regulations. RV and mobile homes are allowed with proper permits acquired from county.

Tract No. 125, containing 9.996 acres, more or less, more particularly described as the South one-half of the North one-half of the Northwest one-quarter of the Southwest one-quarter of Section 2, Township 3 N, Range 3 E, Montana Principle Meridian (S1/2, N1/2, NW1/4, SW1/4, Sec 2, T3N, R3E, M.P.M.) as shown on Certificate of Survey NO. 580 recorded in the Gallatin County, Montana Clerk & Recorder’s Office. TOGETHER WITH AND SUBJECT TO: Those easements, rights of way, reservations and uses as set forth in that certain BUILDING STANDARDS FOR PONDEROSA PINES RANCH, INC., and that certain DECLARATION OF EASEMENTS AND RIGHTS OF WAY recorded, respectively, in the Office of the Recorder, Gallatin County, State of Montana, in Book (Film) 48 at Page 1525 and in Book (Film) 50 at Page 506, both instruments being herby incorporated by reference and made part hereof. AND FURTHER SUBJECT TO the undertakings of the Grantee(s) hereafter set forth. TOGETHER WITH all of the Grantor’s rights and title to water, gas, oil and minerals and one hundred per cent (100%) of timber rights appurtenant to the above described Lot, AND SUBJECT TO the reservations above referred to. TO HAVE AND TO HOLD the above described Lot, subject as aforesaid and hereinafter stated, with the rights appurtenant thereto, unto the Grantee(s) in the tenancy above stated, and the heirs and successors in interest of the Grantee(s) in fee simple forever. AND THE GRANTEE(S), for himself, herself, themselves, and the respective successors in interest of the Grantee(s), herby covenant(s) and agree(s) that they will comply with the BUILDING STANDARDS FOR PONDEROSA PINES RANCH, INC., and the DECLARATION OF EASEMENTS AND RIGHTS OF WAY above mentioned, and will permit the Grantor, its licencees and lessees to farm and graze the above Lot until the Grantee(s) or their successors in interest shall physically occupy the Lot, and will pay all taxes hereafter lawfully assessed upon said Lot, and will pay as and when due all required amounts into the General Maintenance Fund for a period of twenty (20) years from the date hereof or for such a longer period as there shall be a Ponderosa Pines Ranch Owners Association (or similar organization), and, further to become and remain members in good standing of such Association when formed, all of the above covenants of the Grantee(s) being deemed to run with the land. AND THE GRANTOR, for itself and its successors and assigns, hereby covenants to and with the Grantee(s), his, her, or their successors in interest, that the Grantor has full right and authority to execute this instrument, that the Lot above described is free and clear of all encumbrances not specifically mentioned above and except such as may heretofore have been suffered or incurred by the Grantee(s), and the Grantor hereby warrants that it will forever defined the title hereby conveyed, subject as aforesaid, against the lawful claims of all persons. Situated in Gallatin County, State of Montana.