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HomeMy WebLinkAboutD-127 Old Highway 101 Recorded 12/15/1947- 1 TEN AND NO of. .......................... �- -- --- - -----. -- -- -- . . -- -- -- -- . -- -� ......... '-...Dollars 100 - WILLIAM _ A.___NAGPN.. and - .� his wifez and._PATRICK - NORIYOSHI. NAGANO and R - $ l.� K0 / his wife ------------ -- ---- -- --- ------ • - -• --- .....--- -- ------- -- -- -- - --- ........ --.............................................................................................................. i Do.......... Hereby Grant to ------------ CITY ... F_ SAN_- LUIS__OBISPO a .................. ------------- -- ----------- ---- ------ -- -- - - -- ------- - - - -- -- a -- Municipal_ Corporation. ................................................................................ -- - -- - -• all that Real Property situate in the ........ County of ........... ............................... .San Luis Obispo State of California described as follows: PARCEL 1: Lot 5 of Hanford & Chapman's Subdivision of Lands in Township 31 South,. Range 12 Bast, Mount Diablo Meridian, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County. PARCEL 2: That portion of Lot 4 of Hanford & Chapman's Subdivision of Lands in Township 31 South, Range 12 East, Mount Diablo Meridian, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County, described as follows: Ay., Beginning at the most Westerly corner of -sad �;'�t` ce orth.26 :0 East along the West line of said Lot, 4.60` chains;: athej�;SoutM- .45 .East' 5:96 chains to corner marked 11S3 ", as shown on the map of Kimbal >1 Ac es;� filed- =-for' record August 28, 1922, in Book 3 of Maps, at page 12, records of said County; thence South 310 West, 4.78 chains to a point on the South line of said Lot, said point being marked "R1" on the aforesaid Map of Kimball Acres; thence North 63 12o West, along the South line of said Lot, 5.62 chains to the point of beginning. WITNESS ---- --- -- OUT . . ....................hand g---- this....... lath------- ----- --- - -- -day of. -. November 1 19 --- 4.7 7 L -1 41017 20M ' ) 1 ^7 7 U w 1 O C r } U CL ts d y w ts C` : •� F• �' my "' .0 y y C Fi m m f� v m a m m r� 6t OL .Q .0 -o _ ¢� r W.=., °a E� pp F �� y� pc o �� ►�`IQ = o 0)' E O IaI a = .v .y V-M Zo cdo Wm mm d d� F Oo �'m Eye m Oo c0i h U = a ma W' pr W-o xt <� zC mw ., Yh O {{�zrrr>$ d ': O' '�' > 2 C o gym - �L y 9z F W � 5° p a o mC Q� m = •� U. o mmm E. ; GG� Om r G� t aUti ap <m °e I"jo a WC Z ti O °m .•� U CL O� n gym' ae �o W� pzW GpT°,I Lin FO ms O "'yO tl rz o a .p W o ts O � a V l q tl cU c n m IW I a Q o ` e' p Z CO G W E O J O i5 IOC V7.R CJ �.' EB W CIS N c O< W W w l �1 i J 41 Hai >. v _;;IElS Pue f4u R25-9- mg . % P= ..! gf!Fd dminli na ; ;uM anoga asn; a3sot ;quo sr u�isaA pus S ioi; ;o puu puaq Sui SSaNIIA1 •amus aq; painoaxa ag * zsga pa2palmougos pus `wau ruism mg3 ?m ag; o; paquosgns - y amau asogti bus u[ paquosap �uosaad aqi aq of am of umou3i 7 Lx-v7 ---- C;-O �- ----- ro`� f— -S Z ----- `aiuiS pus A3unoa piss io; pm 'am aio3aq 1- -i_-;6I ----- -•--- -- at oilgnd e.is3oM s--------- ----------------- -•---•---- -- ------------------ --- -- • ---ss ............ ;o SBp....- . 4 I IV O ;o 6;unoD do 31VILS m ,V Ilk R;SOLUTION NO._a4 (New Series). A RESCLUTIOIT ACCEPTINTGA.DEED FROM ;'ZLLIl -X H.I:AGAITO :tNTD PATRICI'_ :;ORIYOSHI NAGATTO. BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: That that certain deed dated November jo , 1947, made and ex- ecuted by WILLIAM H. NAGANO and PATRICK NORIYOSHI NAGANO, and cwnvey- ing to the City of San Luis Obispo the following described -•_.�- perty, to -Wit: Lot 5 of Harford Township 31 Sout' in the County of according to the in the office of & Chapman's Subdivision of Lands in h, Range 12 East, Mount Diablo Meridian, San Luis Obispo, State of California, map filed for record September 28, 1876, the County Recorder of said County. That portion of Lot 4 of Harford & Chapman't Subdivision of Lands in Township 31 South, Range 12 East, Mount Diablo Meridian, in the County of San Luis Obispo, State of Califor- nia, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County, described as follows: Beginning at the most Westerly corner of said Lot; th6fice'North 26J East along the West line of said Lot, 4.:60 chains; thence South 640 45' Last, 5.96 chains to corner marked "S 3", as shown on the map of Kimball Acres, filed for record August 28, 19229 in Book 3 f Maps, at page 12, recordo of said County; thence South 3P--Kest, 4.78 chains to a point on the South line of said Lot, said point being marked "R1" on the aforesaid map of Kimball Acres; thence North 63?O West, along the South line of said Lot, 5.62 chains to the point of beginning, be and the same is hereby accepted by the City of San Luis Obispo; and the City Clerk is hereby directed to cause said deed to be recorded in the office of the County Recorder of the County of San Luis Obispo, State of California. PASSED AND ADOPTED this IKi-h day of December 1947, by the following vote: AYES: G.W.Baker, R.P.Howell, Timothy I. O'Reilly$Kline Willijams NOES: None ABSENT: Wm. n- Hall I hereby certify that the foregoing Resolution was duly and regularly passed by the City Council of the City. of San Luis Obispo at a regular meeting thereof held on December 15, 1947. ATTEST: Timothg T_ QlPipilij rowre Mayor City' Clerk ;I r' -2- Range 12 East, Mount Diablo Meridian, in the County of San Luis Obispo, State of California, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County. PARCEL 2: That portion of Lot 4 of Harford & Chapman's Subdivision of Lands in Township 31 South, Range 12 East, Mount Diablo Meridian, in the County of San Luis Obispo, State of California, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County, described as follows: Beginning at the most Westerly corner of said Lot; thence North 262° East along the West line of said Lot, 4.60 chains; thence South 64° 45' East, 5.96 chains to corner marked "S31I, as shown on the map of Kimball Acres, filed for record August 28, 1922, in Bock 3 of Maps at page 12, records of said County; thence South 310 West, 4.78 chains to a point on the South line of said Lot, said point being marked "R1" on the aforesaid Map of Kimball Acres; thence North 6310 West, along the South line of said lot, 5.62'chains to the point of beginning. 11/6/47 brr I Z500 I � We �1I`„',, PRELIMINARY REPORT Phone 1015 Y Y. • __ Issued for Sole Use of 1119 Chorro Street SAN LUIS OBISPO, CALIFORNIA F ,Mr. J. E. Broom City Clerk San Luis Obispo, California L J in connection with our Order No. 26977 , Your No. , preliminary to issuance of the Company's Policy of Title Insurance in its usual form showing title as herein set forth, provided no change occurs subsequent to the date hereof. Preliminary examination may include matters not shown of record and report thereof is accordingly issued only as an accommodation and without liability, pending recordation. final closing and issuance of Policy in accordance with instructions in connection with the order. State- ment of charges will be rendered when policy is issued or sixty days from entry of order, if policy is not issued prior to that time. Security Title Insurance and Guarantee Company, Dated as of October 29, 1947 8:00 A.M. �O ByJ ..... J. E. McClure, Manager Vestee: WILLIAM H. NAG&NO and PATRICK NORIYOSHI NAGANO, as joint tenants, by deed dated February 17, 1941, and recorded in Book 292 of Official Records, at page 155, records of said County. Subject to: 1. Taxes of the fiscal year 1947 -48. Amount of first installment $69.83• Amount of second installment $69.82. Assessment No. 13858. 2. Usual reservations contained in United States Patent for said land. 3. Rights of way or easements for public or private roads or highways, telephone or telegraph lines, across said property, as the same now exist. 4- On October 1, 19117 an action was commenced in the Superior Court of the State of California in and for the County of Sat Luis Obispo, Case No. 16380, entitled "The People of the State of California, acting by and through the Department of Public Works, Plaintiffs, vs. William H. Nagano, et al., Defendants" for the purpose of condemning a portion of the property herein described for highway purposes, the abbuters' rights of the owners being the only portion of said property affected by said action. Notice of Pendency of said action was recorded October 1, 1947 in Book 449 of Official Records at page 374, records of said County. DESCRIPTION PARCEL 1: Lot 5 of Harford & Chapmants Subdivision of Lands in Township 31 South S.C.B.T.U. No. 9-Rev. 5 -24:46 2500 PRELIMINARY REPORT Phone 1015 Issued for Sole Use of 1119 ChorrO Street SAN LUIS OBISPO, CALWORNIA F Mr. J. E. Brown 'City Clerk San Luis Obispo, California in connection with our Order No. 26977 , Your No. , preliminary to issuance of the Company's Policy of Title Insurance in its usual form showing title as herein set forth, provided no change occurs subsequent to the date hereof. Preliminary examination may include matters not shown of record and report thereof is accordingly issued only as an accommodation and without liability, pending recordation, final closing and issuance of Policy in accordance with instructions in connection with the order. State- ment of charges will be rendered when policy is issued or sixty days from entry of order, if policy is not issued prior to that time. Dated as of October 299 1947 8:00 A.M. Security Title Insurance and Guarantee Company, , Vestee:WILLIAM H. NAGANO and PATRICK NORIYOSHI. NAGANO, �J. E. McClure, !tanager as joint tenants, by deed dated February 17, 1941, and recorded in Book 292 of Official Records, at page 155, records of said County. Subject to: 1. Taxes of the fiscal year 1947 -48, Amount of first installment $69.83. Amount of second installment $69.82. Assessment No. 138$8. 2. Usual reservations contained in United States Patent for said land. ' 3. Rights of nay or easements for public or private roads orhighways, telephone or telegraph lines, across said property, as the same now exist. It. On October 1, 1947 . an action was commenced in the Superior Court of the State of California in and for the County of Sm Luis Obispo, Case No. 16380, entitled "The People of the State of California, acting by and through the Department of Public Works, Plaintiffs, vs. William H. Nagano, et al., Defendants" for the purpose of condemning a portion of the property herein described for highway purposes, the abbuters' rights of the owners being the only portion of said property affected by said action. Notice of Pendency of said action was recorded datober 1, 1947 in Book 449 of OfficialReco # at page 371, records df said County. DESCRIPTION PARCEL 1: Lot 5 of Harford & Chapmp"B •Subdivision of Lands in Township-31 So#h m2a Range 12 East, Mount Diablo Meridian, in the County of San Luis Obispo, State of California, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County. PARCEL 29 ^chat portion of Lot b of Rarford g Chapman's Subdivision of Lands in Township 31 South, Range 12 East, Mount Diablo Meridian, in the County of San Luis Obispo, State of California, according to the map filed for record September 28, 1876, in the office of the County Recorder of said County, described as follows3 Beginning at the most Westerly corner of said Lot; thence North 2610 East along the West line of said Lot, 4.60 chains; thence South 611° 15' East, 5.96 chains to corner marked "S3 ", as shown on the map of Kimball Acres, filed for record August 28, 1922, in Book 3 of Maps at page 12, records of said County; thence South 310 West, 4-.78 chains to a point on the South line of said Lot, said point being marked "R1" on the aforesaid Map of Kimball Acres; thence North 632-0 West, along the South line of said lot, 5.62 chains to the point of beginning. 11/6/47 brr I GENERAL OFFICERS 0--M-'a WM..S. PORTER, PRn1ORNT AO JAG. R. FORD. EXECUTIVE VICE PRESIDENT �_ HOWARD X. ROUPI, VICE PRFR. AxD Teua. R. S. PADGET, vice PRESIDENT �S JOHN L. PRINCE. VICE I CINCE11T �...�`' WM. H. B. HAYMOND, SECRETARY 11119 CHORRO STREET EARL L. ROBINSON, COxTROLLER _ ADDRESS ALL COMMUNICATIONS TO P. O. BOX 202 F. W. AUDRAIN, COUNSEL TELEPHONE 1019 Aan Tuffs (obispa, (llali#arnia November 6, 1947 Mr. J. E. Brown City Clerk San Luis Obispo, California RE: Our No. 26977 Dear Mr. Brown: SAN LUIS OBISPO OFFICERS J. E. MOCLURE, vie. PRC.UCNT /.ND xA.A.I. OLIVE G. KETCHUM, VICC PRES. AND ASST. SECT. W. A. BEELER, TITLE OFFICER R. F. FARAGHER, ESCROW CL[RK We enclose title report covering the Nagano property which the city.is purchasing for sewer farm purposes. We have satisfied ourselves that the Nagano brothers are American citizens and will insure the City of San Luis Obispo against any chance of the state claiming the property under the alien land law. e Very truly yours, J. E. McClure JE4:BRR Report �n2'new /!iv OFFICES= ELETLD OEE$ LUIS BISPo SANTA �AA WSAUA CNO HANFORD MADERA MODESTO SAN BERNARDIND SANTA ANA OCKTON ESCROW INSTRUCTIONS Escrow No ...... 26.97.7 —Ag . ......... ............................... .... Sian ... Luis ----O bi spo ....................... California t Date ...... OVQIIIbEr.... , ..................... .... .> 19 T.... SECURITY TITLE INSURANCE AND GUARANTEE COMPANY: //�� ............... (��^- -----........h�atn7d you.... 1140020-8 - -- all - for... the__acc.Q.Unt...Qf.51LUA ... F.._ RVIAr:'Q...and..PATP CK... `..MUy E.T1..A7AaAHQ........................ .. --------------- -------- .. ... ........... _.............................. ............... . . . . .. ....... .............T.otal..Parchaae -- Prize._" 12. sDs; Q.. 38.................... ....-------- .............. - - - -- ------ ........................ which you are instructed to use when, after recording the. necessary instruments, you are able to procure a standard form .............................. -"' ............... •--.........---...........OFMOX 1.8 ........ - -- -- -- ..... - -..... ---- -- -....................... ........................Policy of Title Insurance, issued by your company .......... ..... ....... _ ..... _ ... _ .... _ .......... ................. _....... .............................in its usual form containing the printed exceptions usual in such policy, with liability not less than Sl Zl. 0. 09.0 8 ....................................................... on the following described property situated in the.. ............................... - ... ....... - ..... ---- ....... - ......... - .......................... ..... ........................ "' - - -.. County of ........ San ... luis... obis po.................................................... Stateof California .......-- - --- -° --- ........ — ---- - --- -------------------------------------------------------------- -----.....-------.........-------------------------------------------------- ..............'----- -.......... - - -- . ---- SSE..D..SC11M. 1011 ...Imm......................... -- --- -..... -- '-- - - -- -- -- . --.. ............................. -- -- . - -- -- ................................... showing title vested in...C<I._�' sai;. -._ -. -- .......... tIIIS._ 4DISPR ,....a_.?.oxpal...c9rperatlon -------- - . . . .. ..... ..........._........ .................................................... "'...... ... " "- "- " "'.................... ' - " -- -- -- ..... --- ...... ....................................................... ........_...................... Subject to: ._ ..... none—of --- the ..................... .......... Taxes for the Fiscal year -.------°- .. .......................ls47—ayu --- --- -----.................including levies for the acquisition and improvement districts, county road improvement districts, municipal improvement districts, California irriga. Lion districts or drainage districts, (if any). Personal property tax, if any, to he paid outside of escrow by seller before delinquent, Bond — Assessment_ — 1 1CMe---------------------------- ------------- -_....------ ---- -- with no delinquent payments, and with unpaid balance of principal not to exceed S ..................... _.................................. 11 Conditions, restrictions, easements, reservations, rights and rights of way of record, (if any), as follows: Usual reservations -_ contained -- .irk.. Bnitad_ 5tates._Peattent._for...said -. land,.- _ ... ... ..... .. ... . .. . .. ............ .. . .. .. ....... .... ...... .......... ....... _ ...- -.----- ...... -- ................................................... - ....... -- -- - - --- -- - ........................ _ ...... .... - ..................... ------------------------------------------------- ----------------------------- 2. Rizhts- ... of- way_-- Qr ... easements-..for_.aub]ic- or. ... prigs± te_ roada ... or. ... highaye.,. ._telephone. ... Q.r ........... .. telegiraph --- des, ... acrseB...said..property.,-- .as ... the-- same-now ...exi.st.. . ............... ............................... .. . . . . . .. .. ....... ._ ... - ........ . . . .. .......---------------....... ..---- ....--------- ............ -----........-------------..........--------------...------.......---....._......................-..._. .......--- ....'- '- "- "--- ' -' - - "- --- -..... 3. on..QcWmr --- l+ ... 12.x - an ... actiom-- was ... = Jl lmenced...in --- the ... Suuerior... Court ----of-.- the .State...QX ... alif- ornia.._ in.. .Rnd_.fQr ... the --- Cgnnty. - -nf_. San.. Luis.._ Cbi& po, -.- Casa .. ?ufl.....1638Q.,.._enti.tled - ".The.. People of... the tate... of- Sali£nrnia,--- actin7,by... and. -. throe? b- t. he. ..Department...of....Pub.1i.Q... r'.ArIZS ;......... Plaintiffs.,- _v(�,...." i 111 am.- �i..... �oano .,.... et...al..,...Defendants "_......for. ... the ... pxrpo.se ---- of --- amdamai.ng a- portlor_...of - the... propErty. ... herein -- desr xihed-- for ... tighsa. ... purpases. ,.._the- .abiuuters � ... ri;hts Qf - - -. the.... owners. ..heing ... the ... a - norti�n..of... said ...prnperty...affected- - -by.. said ..action. .................. P?, RC.EL_.. 1' ------- Lot -- 5...Qf ... Narford..: t... .Chapman! a- _Subdivision..of... Land s- in...Township- 31..South,._Range ..... sts.._ ount --- Diab] 4 ...'_ue;s'i.di-m.--- in- _t-he - -- Count - -of.. Sam.. U11 ... Obispo ,....State...of...California, accordin,3._to- _the._ma.p._f11 d._f- or...record..$ep� : b- er....28.,...1876 -An.. the -DfAc ....of---- the...Coun_ty. Rec order.- of... @3id..C!? tY0 .......... _...... - -....................................................... _... Township of-California, _ -- accord n; to..the...mao. _filed.. for- _reG.ord - -. Sept. elabe�... 2. 8 ., .... 18.Tb, ... in..the.._.office --- - ..... - of the Count. A- ecorder...of said-.. County, de^.cribed.as ... fo.1 ows:.. - -. -- .- ....... ............................... . dezi nnin.._at.- the... mo$t- T"terly--- corxler....of.._said -Lot ;...thence. -North-.2610 - ..:Fast.- alo=...the -. " est line ._of_.. ... Lots-. ..ly..60....41?ain- 5.;...t.hezlQS...S.auth -- .61x0- 451 - -- East... ._5..g6---- chiins...to ... corner-marked "S3 ".,.._as._ shown--_ on ._the...map...gf. --- K,imball... area,... filed.. for --- record.August ... 2a,... 19.22,... in. -Book 3 ---- of...'.°.a.Pss ... at ... mA' ... 12,,.... ec-9rds....of....s.aid... County; - -- thence... South... l°- _'_ ".est,..1�..?.6 - -- chains - - -to a point..on._the.._South... line... of -- -skid- -I,ot,_..a id...point - -- being. -. marked. _ "Rl!!....on...tha...aforesaid- map of '..%imb311- 1cres.;...thertra..` �-+�h iz� °.._* e� is -- alongz ... the ... South ... li: -- af--- said...i ot,. ... 5.62• - chains to... thn --- poi nt ... of.-- beginni n_gn -_...._ ....................._---------------- .--------------- ..---- --------------- _ ---------- - -------- ------------------ E -4o -A Rev. -l0 -45 And, when you can deliver to (me) -( lender)- ......... .n4II9....__._ ........... - -. - -- ......shares of water stock of .. ............................... - --------------------------------- _ ---- -- .--- .------ _-- ...._- -_- - -- ...... ----- _Company, duly transferred to me- (lender, as my pledgee) with assessments and bills paid to ... ...................................... ............................... ......................- _._..__. You will not concern yourself with domestic water bills or other public utility matters. After escrow is closed you will: ( "Close of Escrow" shall mean the day papers are filed for record.) 1: Prorate ....... vane ...................... ............................... Taxes including all items appearing on tax bill, except personal property not conveyed, to ......................---..............---•--•-----------..........••--•••-•-..............................---......_..... ......._...............-- - ---.. based on the latest tax statement. 2: Deliver to (me)- (lender) fire and other insurance for 8 .... _ ..... nonQ .... _ ................. ............ _..- ..... _ -_- as handed you, transferred to me (with proper mortgagee clauses attached). Prorate to ................. ......... ......... _ -__.— -... You are hereby named as the agent of the parties hereto to order such insurance and water stock transfers, cancellations or endorsements. 3: Prorate interest on loan based on statement of holder of note or their Agent to .... _.._...._ ........ _..-... _ ... _ ............ - .-- _..__ -.._. Unpaid balance to ....... ............_IU.nS-- ----- --- - -- .- - - - --- - --- - - - - °- - - - - - -- - - 4: Prorate advance rents to ............. - r! Q:!? e ............. _._-_ ..... ... .... _........................... ........................... _ -as per statement handed you. It is understood that all disbursements are to be made by check of SECURITY TITLE INSURANCE AND GUARAN- TEE COMPANY. If you are unable to comply with these instructions prior to the expiration of- .... ,3Q ......... days from this date, you are instructed to comply with same within such additional time as may be required by you, unless a demand is written and de- livered to you (subsequent to such expiration and prior to the filing of any document required in this escrow) by any party who has signed this escrow, for the return of the money and documents to the parties who deposited same with you. Your company shall he under no obligation or liability for failure to inform we regarding facts within the knowledge of your company, although such facts may concern the property described herein, provided such facts are not of such nature as to prevent your compliance with these instructions. Your liability as escrow holder shall be confined to the things specifically provided for in my written instructions in this escrow. No notice, demand or change of instructions shall be of any effect in this escrow or recognized by said escrow holder unless given in writing by all parties affected thereby. In the event conflicting demands are, or may be, made or notices served upon the escrow holder growing out of or relating to this escrow the parties hereto expressly agree and consent that said escrow holder shall have the absolute right at its election to do either or both the following things: Withhold and stop all further proceedings in, and performance of this escrow and of all instructions herein, or file a suit in interpleader and obtain an order from the court requiring them to interplead and litigate in such court their several claims and rights amongst themselves. In the event such suit is brought they jointly and severally agree to pay said escrow holder all costs, expenses and reasonable attorney's fees which it may expend or incur in such interpleader suit, the amount thereof to be fixed and a judgment therefor to be rendered by the court in such suit. Upon the filing of such suit said escrow holder shall thereupon be fully released and discharged from all obligation to further perform any and all duties or obligations imposed on it in this escrow. I agree to pay ........ all .Oi -the...e3RDe 1sea -af ._ifl escrow . ........... -- ............ - ..._..._.. -..- - - - - ..._.. - Signature Address Phone The above instructions are approved. I will hand you papers required to vest title as above, excepting such papers, if any, as are to be executed by other parties to this escrow. You are instructed to use the money and record instruments to comply with said instructions. At close of escrow disburse funds for my account as follows: I. Reimburse yourself for advances chargeable to me and deduct your charges as hereafter specified. 2. Pay ........... 1071@ -- .......................... ------...--------------........----.._..-----°•- •---........................... ------- .....-- ----..... ---.a commission in the amount of E- -- ..............-•-------............°------- -----..............---•- --..... Broker's License No ................................................................................. - .Mail check to him at 3. Pay demand Whose address 4. Pay balance to_... • 31est... Volt. R122'----------°--..... .......- ..................................................... ........ - --- - ---- -_ - °- ... - ......................... and Mail check to ( address)......... 74Q.. 1U. 3a er.&. .S;y ... Sam.1.10 . ............. ..... _..._.. ............ _....................... I agree to pay -_ IIOIIB..Af.._.t e-e xpen- cas... of... th is... escr. 0S ................................... ........... .......... - - - - - - - Attach Internal Revenue Stamps to deed in the amount of 8- -.-13.s2JD_._. .td -he na- _I7�.. S 1�LZ%_ ......... - ... _ ............... _..... Signature Address Phone Secu�lit`leIus-un�a`nce na ua�ante�an —; GENERAL OFFICERS TEM. G. PORTER, PNERIDExT AND DEN. xAIUGEN JAC. R. FORD, C:Cc VTIVE VICE ME., ... I R. S. PADGET, VICE PRESIDENT E. M. MCCARDLE, VICE PRESIDENT . JOHN L. PRINCE, VICE PRnIDENT AM. H. B. HAYMOND, SECT. AND OEM. COUNSEL BESSIE L. PETERS. TREASURER s } =- �'�! 1'` ~a STPFNDT l fSECV RI����±77y ^�,ryryt �..�� 1119 CHORRO STREET ADDRESS ALL COMMUNICATIONS TO P. O. BOX 202 TELEPHONE 1015 San `Kitts 01tispu, Talifornia December 30, 1947 City of San Luis Obispo, c/o J. E. Brown, City Clerk San Luis Obispo, Calif. Re: Our No. 26977 Gentlemen: We enclose herewith the following: 1. Policy of Title Insurance in the amount of $12,009.38. 2. Statement of our charges. OGK gl EncIT 2 Very truly you s, Olive G. Ketchum, Assistant Secretary OFFICES: V.. E..nnD R..... AxceEU A.S.C. ..T.M.IDE SAN LUIS OQUIM UINTA BARBARA VISALIA EL CENTRO NONRIGID A.ERA NODOETO BAY BEBxAROIXO MANTA ANA STOCKTON SAN LUIS OBISPO OFFICERS J. E. MCCLURE, VICE PRESIDENT AND MANAGER OLIVE G. KETCHUM, VICE PRES. AND ASST. SECT. M. JANNETTE LENTZ. ASST. SECT. MATH LEE E. SH I PS EI', ASST. 5ECY. P -119 6.2047 25M br -... Calitomia I =d Tide Amociatioa Standard Fa .vimed 6-2147 Copyright 1947 AMOUNT $12,009.38 PREMIUM $ 52.50 NUMBER26977 -SLO Poke',; of Iffle Insupanee 68CUPity tale IRSUPaRCe and HOPO ke Company a California Corporation, herein called the Company, for a valuable consideration paid for this Policy of Title Insurance Toes Hepebu insure CITY OF SAN LUIS OBISPO, a municipal corporation, together with each successor in ownership of any indebtedness secured by any mortgage or deed of trust shown in Schedule C the owner of which is named as an insured and any such owner or successor in ownership of any such indebtedness who acquires the land described in Schedule B, or any part thereof, by lawful means in satisfaction of said indebtedness or any part thereof, any federal agency or instrumentality acquiring said land under an insurance contract or guaranty insuring or guaranteeing said indebtedness or any part thereof, and any person or corporation deriving an estate or interest in said land, as an heir or devisee of a named insured, or by reason of the dissolution, merger, or consolidation of a corporate named insured, against loss or damage not exceeding— — — — — — - - - TWELVE THOUSAND NINE AND 38100 - - - - - - - - - - - - - - - dollars, which the insured shall sustain by reason of title to the land described in Schedule B being vested, at the date hereof, otherwise than as herein stated; or by reason of unmarketability of the title of any vestee to said land, at the date hereof, unless such unmarketa- bility exists because of defects, liens, encumbrances, or other matters shown in Schedule C; or by reason of any defect in, or lien or encumbrance on said title, existing at the date hereof, not shown in Sched- ule C; or by reason of any defect in the execution of any mortgage or deed of trust shown in Schedule C securing an indebtedness, the owner of which is insured by this policy, but only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or by reason of priority, at the date hereof, over any such mortgage or deed of trust, of any lien or encumbrance upon said land, except as shown in Schedule C; all subject, however, to Schedules A, B, C, and D, and the stipulations herein, all of which schedules and stipulations are hereby made a part of this policy. InUtnesSlUheReof, Security Title Insurance and Guarantee Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, this 24th day of December, 1947, at 9:05 o'clock A. M. Seeupitg`lltle Insurance and Guarantee gumpany By � President. Attest: �`- Assistant Secretary. U qW a- 118D -ST. 10-2147 45M SCHEDULE D The Company does not, by this policy, insure against loss by reason of: 1. Easements or liens which are not shown by the public records (a) of the District Court of the Federal District, (b) of the county, or (c) of the city, in which said land or any part thereof is situated. 2. Rights or claims of persons in possession of said land which are not shown by those public records which impart constructive notice. 3. Any facts, rights, interests, or claims which are not shown by those public records which impart constructive no- tice, but which could be ascertained by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct survey. 4. Mining claims, reservations in patents, water rights, claims or title to water. 5. Any governmental acts or regulations restricting, regulating, or prohibiting the occupancy or use of said land or any building or structure thereon. STIPULATIONS SCOPE OF 1. This policy does not insure against, and the Com- COVERAGE pany will not be liable for loss or damage created by or arising out of any of the following: (a) defects, liens, claims, encumbrances, or other matters which result in no pecuniary loss to the insured; (b) defects, liens, encumbrances, or other matters created or occurring subsequent to the date hereof; (c) defects, liens, encumbrances, or other matters created or suffered by the insured claiming such loss or damage; or (d) de- fects, liens, encumbrances, or other matters existing at the date of this policy and known to the insured claiming such loss or damage, either at the date of this policy or at the date such insured claim- ant acquired an estate or interest insured by this policy, unless such defect, lien, claim, encumbrance, or other_ matter shall have been disclosed to the Company in writing prior to the issuance of this policy. Any rights or defenses of the Company against a named insured shall be equally available against any person or corporation who shall become an insured hereunder as successor of such named insured. DEFENSE OF 2. The Company at its own cost shall defend the ACTIONS insured in all actions or proceedings against the insured founded upon a defect, lien, encumbrance, or other matter insured against by this policy, and may pursue such litigation to final determination in the court of last resort. In case any such action or proceeding shall be begun, or in case knowledge shall come to any insured of any claim of title or interest adverse to the title as insured, or which might cause loss or damage for which the Company shall or may be liable by virtue of this policy, such insured shall at once notify the Company NOTICE OF thereof in writing. If such notice shall not be given ACTIONS OR to the Company at least five days before the ap- CLAIMS TO pearance day in any such action or proceeding, or BE GIVEN BY if such insured shall not, in writing, promptly THE INSURED notify the Company of any defect, lien, encum- brance, or other matter insured against, or of any such adverse claim which shall come to the knowledge of such insured, in respect to which loss or damage is apprehended, then all liability of the Company as to each insured having such notice in regard to the subject of such action, proceeding, or claim shall cease and terminate; provided, however, that failure to so notify shall in no case prejudice the claim of any insured unless the Company shall be actually prejudiced by such failure. The Com- pany shall have the right to institute and prosecute any action or proceeding or do any other act which, in its opinion, may be necessary or desirable to establish the title, or any insured lien or charge, as insured. In all cases where this policy permits or requires the Company to prosecute or defend any action or pro- ceeding, the insured shall secure to it in writing the right to so prosecute or defend such action or proceeding, and all appeals therein, and permit it to use. at its option, the name of the insured for such purpose. Whenever requested by the Company the in- sured shall assist the Company in any such action or proceed.ng, in effecting settlement, securing evidence, obtaining witnesses, pros- ecuting or defending such action or proceeding to such extent and in such manner as is deemed desirable by the Company, and the Company shall reimburse the insured for any expense so incurred. The Company shall be subrogated to and be entitled to all costs and attorney's fees incurred or expended by the Company, which may be recoverable by the insured in any litigation carried on by the Company on behalf of the insured. The word "knowledge" in this paragraph means actual knowledge, and does not refer to con- structive knowledge or notice which may be imputed to the insured by reason of any public record or otherwise. OPTION TO PAY, 3. The Company reserves the option to pay, SETTLE, OR COM- settle, or compromise for, or in the name of, PROMISE CLAIMS the insured, any claim insured against or to pay this policy in full at any time, and pay- ment or tender of payment of the full amount of this policy, to- gether with all costs which the Company obligated to pay, shall terminate all liability, of the Company hereunder, including all obligations of the Company with respect to any litigation pending and subsequent costs thereof. SUBROGATION 4, Whenever the Company shall have settled UPON PAYMENT a claim under this policy, it shall be subro- OR SETTLEMENT gated to and be entitled to all rights, secur- ities, and remedies which the insured would have had against any person or property in respect to such claim, had this policy not been issued. If the payment does not cover the loss of the insured. the Company shall be subrogated to such rights, securities, and remedies in the proportion which said payment bears to the amount of said loss. In either event the insured shall trans- fer, or cause to be transferred, to the Company such rights, securi- ties, and remedies, and shall permit the Company to use the name of the insured in any transaction or litigation involving such rights, securities, or.remedies. OPTION TO PAY S. The Company has the right and option. INSURED OWNER in case any loss is claimed under this OF INDEBTEDNESS policy by an insured owner of an indebted - AND BECOME.OWNER ness' secured by mortgage or deed of trust, OF SECURITY to pay such insured the indebtedness of the mortgagor or trustor under said mort- gage or deed of trust, together with all costs which the Company is obligated hereunder to pay, in which case the Company shall become the owner of, and such insured shall at once assign and transfer to the Company said mortgage or deed of trust and the indebtedness thereby secured, and such payment shall terminate all liability under this policy to such insured. NOTICE 6. A statement in writing of any loss or damage for OF LOSS which it is claimed the Company is liable under this policy shall be furnished to the Company within sixty days after such loss or damage shall have been ascertained. No action or proceeding for the recovery of any such LIMITATION loss or damage shall be instituted or maintained OF ACTION against the Company until after full compliance by the insured with all the conditions imposed on the insured by this policy, nor unless commenced within twelve months after receipt by the Company of such written statement. PAYMENT OF 7. The Company will pay, in addition to any LOSS AND COSTS loss insured against by this policy, all costs im- OF LITIGATION. posed upon the insured in litigation carried on INDORSEMENT by the Company for the insured, and in litiga- OF PAYMENT Lion carried on by the insured with the written ON POLICY authorization of the Company, but not other- wise. The liability of the Company under this policy shall in no case exceed, in all, the actual loss of the insured and costs which the Company is obligated hereunder to pay, and in no case shall such total liability exceed the amount of this policy and said costs. All payments under this policy shall reduce the amount of the insurance pro mnto, and payment of loss or damage to an insured owner of indebtedness shall reduce, to that extent, the liability of the Company to the insured owner of said land. No payment can be demanded by any insured without pro- ducing this policy for indorsement of such payment. MANNER OF 8. Loss under this policy shall be payable, first, PAYMENT OF to any insured owner of indebtedness secured by LOSS TO mortgage or deed of trust shown in Schedule C, INSURED in order of priority therein shown, and if such ownership vests in more than one, payment shall be made ratably as their respective interests may appear, and thereafter, any loss shall be payable to the other insured, and if more than one, then to such insured ratably as their respective interests may appear. If there he no such insured owner of indebtedness, any loss shall be payable to the insured, and if more than one, to such insured ratably as their respective interests may appear. DEFINITION 9. The term "land" when used herein shall be OF LAND construed to include the land herein described spe- cifically or by reference and improvements affixed thereto which by law constitute real property. WRITTEN INDORSE- 10. No provision or condition of this policy MENT REQUIRED TO can be waived or changed except by writing CHANGE POLICY indorsed hereon or annched hereto signed by the President, a Vice President, the Secretary, or an Assistant Secretary of the Company. w Iq C o bmdo o -n Z D -i m v = xr _ O o a Z D N Mill,i in X �p 0 0 rn N O S o nr u m m S o rN �D e ° ^y y w 0 A ]i W m °ra; N •° imI J °_ Td O.. 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