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.
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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
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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
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�'�! 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.
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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
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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.
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