HomeMy WebLinkAboutD-1565 519 Brizzolara St. - 002-392-019 Recorded 01/02/2002f -
RECORDING REQUESTED BY:
Cuesta Title Company
Escrcm No. 201409 -TA
Title Order No. 00201409
When Recorded Mail Document To:
City of San Luis Obispo
990 Palm Street
San Luis Obispo, CA 93401 -3249
APN: 002,392,019
JULIE RODEWALD
San Luis Obispo County-Clerk/Recorder
Recorded at the request of
Cuesta .Title Company
Titles: 2 Pages: 5
LO
1/0212002
8:00 AM.
Cwy: 100p2000029
Fees
26.00
Taxes
0.00
Others
0.00
PAID
$26.00
LONG FORM DEED OF TRUST AND ASSIGNMENT OF RENTS
28 ffi AK-
THIS DEED OF TRUST, made December /1,21, 2001, between
Glinda Services, a California Corporation
Cuesta Title Company, herein called TRUSTEE, and
City of San Luis Obispo, a charter municipal corporation
, herein called TRUSTOR, whose address is
, herein called BENEFICIARY,
WITNESSETH: That Trustor IRREVOCABLY GRANTS,. TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH
POWER OF SALE, that property in San Luis Obispo County, California, described as:
SEE EXHIBIT ONE ATTACHED HERETO AND MADE A PART HEREOF
This deed of trust is second and subordinate to -the deed of trust recording
concurrently herewith in the amount of'$305,00.0.00 in favor of Coast National
Bank.
TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority given
to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated herein by reference to collect and
apply such rents, issues and profits.
For the Purpose of Securing: 1. Performance of each agreement of Trustor incorporated by reference or contained
herein. 2. Payment of the indebtedness evidenced by one promissory note of even date herewith, and any extension
or renewal thereof, in the principal sum of $322,322.00 executed by Trustor in favor of Beneficiary or order. 3.
Payment of such further sums as the then record owner of said property hereafter may borrow from Beneficiary, when
evidenced by another note (or notes) reciting it is so secured.
FD -56 (Rev 9/94)
INITIALS: M% .
LONG FORM DEED OF TRUST
PAGE 1 OF 4/
Dj!�65
.0
APN: 002,392,019
TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AGREES:
(1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete
or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or
destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor; to comply with
all laws affecting said property or requiring any alterations or improvements to be made thereon; not to commit or
permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate,
irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said property may be
reasonably necessary, the specific enumerations herein not excluding the general.
(2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary.
The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness
secured hereby and in such order as Beneficiary may determine, or at option of Beneficiary the entire amount so
collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any
default or notice of default hereunder or invalidate any act done pursuant to such notice.
(3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers
of Beneficiary or Trustee; and to pay all costs and expenses, including cost of evidence of title and attorney's fees in
a reasonable sum, in any such action or proceeding in which Beneficiary or Trustee may appear, and in any suit brought
by Beneficiary to foreclose this Deed.
(4) To pay: at least ten days before delinquency all taxes and assessments affecting said property, including
assessments on appurtenant water stock; when due, all incumbrances, charges and liens, with interest, on said
property or any part thereof, which appear to be prior or superior hereto; all costs, fees and expenses of this Trust.
Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee, but
without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any
obligation hereof, may: make or do the same in such manner and to such extent as either may deem necessary to
protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes;
appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of
Beneficiary or Trustee; pay, purchase, contest or compromise any incumbrance, charge or lien which in the judgment
of either appears to be prior or superior hereto; and, in exercising any such powers, pay necessary expenses, employ
counsel and pay his reasonable fees.
(5) To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date
of expenditure at the amount allowed by law in effect at the date hereof, and to pay for any statement provided for
by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by the Beneficiary
not to exceed the maximum allowed by law at the time when said statement is demanded.
(6) That any award of damages in connection with any condemnation for public use of or injury to said property or any
part thereof is hereby assigned and shall be paid to Beneficiary who may apply or release such moneys received by
him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other
insurance.
(7) That by accepting payment of any sum secured hereby after its due date, Beneficiary does not waive his right either
to require prompt payment when due of all other sums so secured or to declare default for failure so to pay.
(8) That at any time or from time to time, without liability therefor and without notice, upon written request of
Beneficiary and presentation of this Deed and said note for endorsement, and without affecting the personal liability
of any person for payment of the indebtedness secured hereby, Trustee may: reconvey any part of said property;
consent to the making of any map or plat thereof; join in granting any easement thereon; or join in any extension
agreement or any agreement subordinating the lien or charge hereof.
(9) That upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender
of this Deed and said note to Trustee for cancellation and retention and upon payment of its fees, Trustee shall
reconvey, without warranty, the property then held hereunder. The recitals in such reconveyance of any matters or
facts shall be conclusive proof of the truthfulness thereof. The Grantee in such reconveyance may be described as
"the person or persons legally entitled thereto." Five years after issuance of such full reconveyance, Trustee may
destroy said note and this Deed (unless directed in such request to retain them).
(10) That as additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority,
during the continuance of these Trusts, to collect the rents, issues and profits of said property, reserving unto Trustor
the right, prior to any default by Trustor in payment of any indebtedness secured hereby or in performance of any
agreement hereunder, to collect and retain such rents, issues and profits as they become due and payable. Upon any
such default, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed
by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and
take possession of said property or any part thereof, in his own name sue for or otherwise collect such, rents, issues,
and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and
collection, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as
Beneficiary may determine. The entering upon and taking possession of said property, the collection of such rents,
issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default
hereunder or invalidate any act done pursuant to such notice.
INITIALS:_
FD -56 (Rev 9/94) LONG FORM DEED OF TRUST PAGE 2 OF 4
I APN:002,392,019
•
(1 1) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement
hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of
written declaration of default and demand for sale and of written notice of default and of election to cause to be sold
said property, which notice Trustee shall cause to be filed for record. Beneficiary also shall deposit with Trustee this
Deed, said note and all documents evidencing expenditures secured hereby. After the lapse of such time as may then
be required by law following the recordation of said notice of default, and notice of sale having been given as then
required by law, Trustee, without demand on Trustor, shall sell said property at the time and place fixed by it in said
notice of sale, either as a whole or in separate parcels; and in such order as it may determine, at public auction to the
highest bidder for cash of lawful money of the United States, payable at time of sale. Trustee may postpone sale of
all or any portion of said property by public announcement at such time and place of sale, and from time to time
thereafter may postpone such sale by public announcement at the time fixed by the proceeding postponement. Trustee
shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or warranty, express
or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
person, including Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such sale.
After deducting all costs, fees and expenses of Trustee and of this Trust, including cost of evidence of title in con-
nection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms hereof,
not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then
secured hereby; and the remainder, if any, to the person or persons legally entitled thereto.
(12) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by
.instrument in writing, substitute a successor or successors to any Trustee named herein or acting hereunder, which
instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county
or counties where said property is situated, shall be conclusive proof of proper substitution of such successor Trustee
or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers
and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book
and pages where this Deed is recorded and the name and address of the new Trustee.
(13) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees,
administrators, executors, successors and assigns. The term Beneficiary shall mean the owner and holder, including
pledgees, of the note secured hereby, whether or not named as Beneficiary herein. In this Deed, whenever the context
so requires, the masculine gender includes the feminine and /or neuter, and the singular number includes the plural.
(14) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as pro-
vided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of
any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.
The undersigned Trustor requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed
to him at his address hereinbefore set forth.
Glinda Services, a California Corporation
Bye / /?�d�Ge i
Marianne Kennedy
By: &L&
Elaine M. Gardiner
STATE OF CALIFORNIA
COUNTY OF '5c:;Lrn L L t S (Q cSiX�
ON 1 I)L - '-"I —() l
before me,
personally appeared
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s)
is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his /her /their
authorized capacity(ies), and that by his /her /their signature(s) on the instrument the person(s), or the entity upon behalf
of which the person(s) acted, executed the instrument.
Witness my hand and official seal. LORI GEARHART
Comm. ItI203976
Notary Public a
Signature California N
SAN LUIS OBISPO COUNTY
Ol Cow. EX0 s Dec. 11.2 4
v r
FD -56 (Rev 9/94) LONG FORM DEED OF TRU PAGE 3 OF 4
APN: 002,392,019
REQUEST FOR FULL RECONVEYANCE
TO: Cuesta Title Company, TRUSTEE:
The undersigned is the legal owner and holder of all indebtedness secured by the within Deed of Trust. All sums
secured by said Deed of Trust have been fully paid and satisfied; and you are hereby requested and directed, on
payment to you of any sums owing to you under the terms of said Deed of Trust, to cancel all evidences of
indebtedness, secured by said Deed of Trust, delivered to you herewith, together with the said Deed of Trust, and to
reconvey, without warranty, to the parties designated by the terms of said Deed of Trust, all the estate now held by
you under the same.
Dated
By:
Please mail Reconveyance to:
By:
Do not lose or destroy this Deed of Trust OR THE NOTE which it secures.
Both original documents must be delivered to the Trustee for cancellation before reconveyance will be made.
INITIALS:..
FD -56 (Rev 9/94) LONG FORM DEED OF TRUST PAGE 4 OF 4
Escrow No._ 201409 -TA
Title Order No. 00201409
EXHIBIT ONE
Parcel 1:
J
That portion of Lot 14 of Map of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis
Obispo, County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page
45 of Maps, described as follows:
Beginning at the Northwest corner of said Lot 14 on the Southeasterly line of Brizzolara Street;
Thence Southwesterly along said line of Brizzolara Street and the Westerly line of said Lot 14, 50 feet;
Thence at right angles Southeasterly and parallel with the Northeasterly line of said Lot 14 to the center of Stenner
Creek, as shown on said Map;
Thence following up the center of said Creek to the Northeasterly corner of said Lot 14;
Thence Northwesterly along the Northeasterly line of said Lot 14 to the point of beginning.
Parcel 2:
That portion of Lot 14 of Map of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis
Obispo, County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page
45 of Maps; described as follows:
Beginning at a point in the Westerly line of said Lot 14 and the Southeasterly line of Brizzolara Street, distant thereon
50 feet Southwesterly from the Northwest corner of said Lot, said point being the Southwesterly corner of the property
conveyed to Joseph C. Hampl, an unmarried man, by deed dated June 29, 1949 and recorded July 13, 1949 in Book
528, Page 368 of Official Records;
Thence Southwesterly along said Westerly line of said Lot and the Southeasterly line of Brizzolara Street, 15 feet;
Thence at right angles Southeasterly and parallel with the Southwesterly line of the property conveyed to Joseph C.
Hampl, as aforesaid to the center of Stenner Creek, as shown on said Map;
Thence Northerly up the center of said Creek to the Southeasterly corner of said conveyed property;
Thence Northwesterly along the Southwesterly line of the property so conveyed to the point of beginning.
Parcel 3:
That portion of Lot 14 of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis Obispo,
County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page 45 of
Maps, described as follows:
Beginning at a point on the Westerly line of said Lot 1.4, distant thereon 65 feet. Southwesterly from the Northwesterly
corner of said Lot, being the Southwesterly corner of the property conveyed to Joseph C. Hampl, an unmarried man,
by deed dated July 26, 1951, and recorded August 13, 1951 in Book 622, Page 142 of Official Records;
Thence Southwesterly along said Westerly line of said Lot, 9 feet;
Thence Southeasterly and parallel with the Southwesterly line of the property conveyed to Joseph C. Hampl, as
aforesaid, to the center of Stenner Creek, as shown on said Map;
Thence Northerly along, the center of said Stenner Creek to the Southeasterly corner of the property so conveyed;
Thence Northwesterly along the Southwesterly line of the property so conveyed to the point of beginning.
END OF D®CUMENIr
0 0
RECORDING REQUESTED BY:
Cuesta Title Company
Escrow No. 201409 -TA
Title Order No. 00201409
When Recorded Mail Document To:
City of San Luis Obispo
990 Palm Street
San Luis Obispo, CA 93401 -3249
APN: 002,392,019
LONG FORM DEED OF TRUST AND ASSIGNMENT OF RENTS
28 ffi AK-
THIS DEED OF TRUST, made DecemberA.Z, 2001, between
Glinda Services, a California Corporation
Cuesta Title Company, herein called TRUSTEE, and
City of San Luis Obispo, a charter municipal corporation
, herein called TRUSTOR, whose address is
, herein called BENEFICIARY,
WITNESSETH: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH
POWER OF SALE, that property in San Luis Obispo County, California, described as:
SEE EXHIBIT ONE ATTACHED HERETO AND MADE A PART HEREOF
This deed of trust is second and subordinate to -the deed of trust recording
concurrently herewith in the amount.of $305,0.00.00 in favor of Coast Nation&
Bank.
exau{ copy
Cer
.5 th
Y is tO be a true a�
ale
0ri9*\ra 1 SAke
Cuesta E
eY
TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority given
to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated herein by reference to collect and
apply such rents, issues and profits.
For the Purpose of Securing: 1. Performance of each agreement of Trustor incorporated by reference or contained
herein. 2. Payment of the indebtedness evidenced by one promissory note of even date herewith, and any extension
or renewal thereof, in the principal sum of $322,322.00 executed by Trustor in favor of Beneficiary or order. 3.
Payment of such further sums as the then record owner of said property hereafter may borrow from Beneficiary, when
evidenced by another note (or notes) reciting it is so secured.
INITIALS: YAK
FD -56 (Rev 9/94) LONG FORM DEED OF TRUST PAGE 1 OF 4:�y_.
r APN:002,392,019
TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AGREES:
(1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete
or restore promptly and in good and workmanlike manner any building which may be constructed, damaged or
destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor; to comply with
all laws affecting said property or requiring any alterations or improvements to be made thereon; not to commit or
permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate,
irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said property may be
reasonably necessary, the specific enumerations herein not excluding the general.
(2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary.
The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness
secured hereby and in such order as Beneficiary may determine, or at option of Beneficiary the entire amount so
collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any
default or notice of default hereunder or invalidate any act done pursuant to such notice.
(3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers
of Beneficiary or Trustee; and to pay all costs and expenses, including cost of evidence of title and attorney's fees in
a reasonable sum, in any such action or proceeding in which Beneficiary or Trustee may appear, and in any suit brought
by Beneficiary to foreclose this Deed.
(4) To pay: at least ten days before delinquency all taxes and assessments affecting said property, including
assessments on appurtenant water stock; when due, all incumbrances, charges and liens, with interest, on said
property or any part thereof, which appear to be prior or superior hereto; all costs, fees and expenses of this Trust.
Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee, but
without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any
obligation hereof, may: make or do the same in such manner and to such extent as either may deem necessary to
protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes;
appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of
Beneficiary or Trustee; pay, purchase, contest or compromise any incumbrance, charge or lien which in the judgment
of either appears to be prior or superior hereto; and, in exercising any such powers, pay necessary expenses, employ
counsel and pay his reasonable fees.
(5) To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date
of expenditure at the amount allowed by law in effect at the date hereof, and to pay for any statement provided for
by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by the Beneficiary
not to exceed the maximum allowed by law at the time when said statement is demanded.
(6) That any award of damages in connection with any condemnation for public use of or injury to said property or any
part thereof is hereby assigned and shall be paid to Beneficiary who may apply or release such moneys received by
him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other
insurance.
(i) That by accepting payment of any sum secured hereby after its due date, Beneficiary does not waive his right either
to require prompt payment when due of.all other sums so secured or to declare default for failure so to pay.
(8) That at any time or from time to time, without liability therefor and without notice, upon written request of
Beneficiary and presentation of this Deed and said note for endorsement, and without affecting the personal liability
of any person for payment of the indebtedness secured hereby, Trustee may: reconvey any part of said property;
consent to the making of any map or plat thereof; join in granting any easement thereon; or join in any extension
agreement or any agreement subordinating the lien or charge hereof.
(9) That upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender
of this Deed and said note to Trustee for cancellation and retention and upon payment of its fees, Trustee shall -
reconvey, without warranty, the property then held hereunder. The recitals in such reconveyance of any matters or
facts shall be conclusive proof of the truthfulness thereof. The Grantee in such reconveyance may be described as
"the person or persons legally entitled thereto." Five years after issuance of such full reconveyance, Trustee may
destroy said note and this Deed (unless directed in such request to retain them).
0 0) That as additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority,
during the continuance of these Trusts, to collect the rents, issues and profits of said property, reserving unto Trustor
the right, prior to any default by Trustor in payment of any indebtedness secured hereby or in performance of any
agreement hereunder, to collect and retain such rents, issues and profits as they become due and payable. Upon any
such default, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed
by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and
take possession of said property or any part thereof, in his own name sue for or otherwise collect such, rents, issues,
and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and
collection, including reasonable attorney's fees, upon any indebtedness secured hereby, and in such order as
Beneficiary may determine.. The entering upon and taking possession of said property, the collection of such rents,
issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default
hereunder or invalidate any act done pursuant to such notice. .
INITIALS:
49L_...
FD -56 (Rev 9/94) LONG FORM DEED OF TRUST PAGE 2 OF 4
APN:002,392,019
(11) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement
hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of
written declaration of default and demand for sale and of written notice of default and of election to cause to be sold
said property, which notice Trustee shall cause to be filed for record. Beneficiary also shall deposit with Trustee this
Deed, said note and all documents evidencing expenditures secured hereby. After the lapse of such time as may then
be required by law following the recordation of said notice of default, and notice of sale having been given as then
required by law, Trustee, without demand on Trustor, shall sell said property at the time and place fixed by it in said
notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the
highest bidder for cash of lawful money of the United States, payable at time of sale. Trustee may postpone sale of
all or any portion of said property by public announcement at such time and place of sale, and from time to time
thereafter may postpone such sale by public announcement at the time fixed by the proceeding postponement. Trustee
shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or warranty, express
or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
person, including Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such sale.
After deducting all costs, fees and expenses of Trustee and of this Trust, including cost of evidence of title in con-
nection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms hereof,
not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then
secured hereby; and the remainder, if any, to the person or persons legally entitled thereto.
(12) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by
instrument in writing, substitute a successor or successors to any Trustee named herein or acting hereunder, which
instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county
or counties where said property is situated, shall be conclusive proof of proper substitution of such successor Trustee
or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers
and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book
and pages where this Deed is recorded and the name and address of the new Trustee.
(13) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees,
administrators, executors, successors and assigns. The term Beneficiary shall mean the owner and holder, including
pledgees, of the note secured hereby, whether or not named as Beneficiary herein. In this Deed, whenever the context
so requires, the masculine gender includes the feminine and /or neuter, and the singular number includes the plural.
(14) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as pro-
vided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of
any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.
The undersigned Trustor requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed
to him at his address hereinbefore set forth.
Glinda Services, a California Corporation
Marianne Kennedy
By: &W
Elaine M. Gardiner
STATE OF CALIFORNIA
COUNTY OF SCL n LA)
ON f� -3�-� I '
before me,
personally appeared
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s)
is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their
authorized capacity(ies), and that by his /her /their signature(s) on the instrument the person(s), or the entity upon behalf
of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
ature
9/94) LONG FORM DEED OF
UKA ur -imnnR i
��1203976
,otary Public.
California
SAM -LUIS OBISPO
.COUNT1r r ,
i Comm. Expires Dec. 11. 2002
PAGE 3 OF 4
•
APN: 002,392,019
TO: Cuesta Title Company, TRUSTEE:
REQUEST FOR FULL RECONVEYANCE
The undersigned is the legal owner and holder of all indebtedness secured by the within Deed of Trust. All sums
secured by said Deed of Trust have been fully paid and satisfied; and you are hereby requested and directed, on
payment to you of any sums owing to you under the terms of said Deed of Trust, to cancel all evidences of
indebtedness, secured by said Deed of Trust, delivered to you herewith, together with the said Deed of Trust, and to
reconvey, without warranty, to the parties designated by the terms of said Deed of Trust, all the estate now held by
you under the same.
Dated
By:
Please mail Reconveyance to:
By:
Do not lose or destroy this Deed of Trust OR THE NOTE which it secures.
Both original documents must be delivered to the Trustee for cancellation before reconveyance will be made.
INITIALS: Wt
FD -56 (Rev 9/94) LONG FORM DEED OF TRUST PAGE 4 OF 4
• •
Escrow No. 201409 -TA
Title Order No. 00201409
EXHIBIT ONE
Parcel 1:
That portion of Lot 14 of Map of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis
Obispo, County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page
45 of Maps, described as follows:
Beginning at the Northwest corner of said Lot 14 on the Southeasterly line of Brizzolara Street;
Thence Southwesterly along said line of Brizzolara Street and the Westerly line of said Lot 14, 50 feet;
Thence at right angles Southeasterly and parallel with the Northeasterly line of said Lot 14 to the center of Stenner
Creek, as shown on said Map;
Thence following up the center of said Creek to the Northeasterly corner of said Lot 14;
Thence Northwesterly along the Northeasterly line of said Lot 14 to the point of beginning.
Parcel 2:
That portion of Lot 14 of Map of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis
Obispo, County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page
45 of Maps, described as follows:
Beginning at a point in the Westerly line of said Lot 14 and the Southeasterly line of Brizzolara Street, distant thereon
50 feet Southwesterly from the Northwest corner of said Lot, said point being the Southwesterly corner of the property
conveyed to Joseph C. Hampl, an unmarried man, by deed dated June 29, 1949 and recorded July 13, 1949 in Book
528, Page 368 of Official Records;
Thence Southwesterly along said Westerly line of said Lot and the Southeasterly line of Brizzolara Street, 15 feet;
Thence at right angles Southeasterly and parallel with the Southwesterly line of the property conveyed to Joseph C.
Hampl, as aforesaid to the center of Stenner Creek, as shown on said Map;
Thence Northerly up the center of said Creek to the Southeasterly corner of said conveyed property;
Thence Northwesterly along the Southwesterly line of the property so conveyed to the point of beginning.
Parcel 3:
That portion of Lot 14 of B. -Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis Obispo,
County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page 45 of
Maps, described as follows:
Beginning at a point on the Westerly line of said Lot 14, distant thereon 65 feet Southwesterly from the Northwesterly
corner of said Lot, being the Southwesterly corner of the property conveyed to Joseph C. Hampl, an unmarried man,
by deed dated July 26, 1951, and recorded August 13, 1951 in Book 622, Page 142 of Official Records;
Thence Southwesterly along said Westerly line of said Lot, 9 feet;
Thence Southeasterly and parallel with the Southwesterly line of the property conveyed to Joseph C. Hampl, as
aforesaid, to the center of Stenner Creek, as shown on said Map;
Thence Northerly along the center of said Stenner Creek to the Southeasterly corner of the property so conveyed;
Thence Northwesterly along the Southwesterly line of the property so conveyed to the point of beginning.
q UESTA
ITLE
COMPANY
1319 Marsh Street • San Luis Obispo, CA 93401 • (805) 547 -3920 • FAX (805) 547 -3925
ATTN: Jeff Hook
City of San Luis Obispo
990 Palm Street
San Luis Obispo, CA 93401 -3249
DATE: January 3, 2002
ESCROW NO: 201409 -TA
LOAN NO:
BORROWER(S): Glinda Services
PROPERTY ADDRESS:.
519 Brizzolara Street, #A -F, San Luis Obispo, CA
93401
We enclose the following documents and /or papers in connection with the above referenced loan:
- Copy of City Letter of Instruction signed by Escrow
- Original Note
- Certified copy executed Deed of Trust
- Copy Tax Service Application
- Evidence of Insurance
Certified copy FINAL RESPA Settlement Statement
Escrow has closed and all documents have been recorded as of this date. Your policy of title insurance
will follow under separate cover.
We trust that this transaction has been handled to your satisfaction and look forward to the opportunity
of serving you again in the near future.
Sincerely,
Tanya Allred �C
Certified Sr. Escrow Officer
99
enclosure(s)
Lori Gearhart for
Tanya Allred, Sr. Escrow Officer
Cuesta Title Company
1319 Marsh Street
San Luis Obispo, Ca. 93401
Subject: Escrow Instructions for Glinda Services Escrow #201409 -TA
Dear Ms. Gearhart:
The City of San Luis Obispo agrees to deposit certain funds (City Community Development
Block Grant Funds), in the amount of $322,322.00 (Three Hundred Thousand and Three
Hundred and Twenty Two Dollars) into the above - referenced escrow account. Upon 24 hour
prior notice, the City will wire transfer the funds to the Cuesta Title Company, Escrow Trust
Account No. 9100479777, Union Bank of California, Los Angeles, CA (Bank Routing No. ABA
122000496). The City's funds are to be held in said escrow and used for the benefit of Glinda
Services, a California non - profit corporation (referenced in said escrow and herein as "buyer "),
and are to be used as part of the total consideration in said escrow to purchase property located at
519 Brizzolara Street, in the City and County of San Luis Obispo. In connection with the above
referenced escrow, we submit the following documents for final execution by buyer:
1. Affordability Agreement/Deed of Trust Covenants, between the City of San Luis Obispo
and Glinda Services, restricting the use of the property being acquired.
2. Promissory Note secured by a Deed of Trust.
3. Request for copy of Notice of Default.
No alterations or erasures to the documents are permitted without written approval of the City of
San Luis Obispo.
You are authorized to pay said City funds to the seller, Laura M. Hampl, Trustee of the Laura M. .
Hampl Revocable Living Trust dated October 2, 1997, when the following has taken place:
1. All of the terms of the Escrow . Instructions in said escrow, executed by 'Buyer and
Seller," have been complied with, completed and accomplished and you are prepared to
deliver the deed of the property to Glinda Services.
2. You have received an executed copy of the Affordability Agreement/Deed of Trust
Covenants between the City of San Luis Obispo and Glinda Services, restricting the use
of the property being acquired; an executed copy of the Deed of Trust with Assignment of
Rents; and an executed copy of the Promissory Note.
V�The Gity of San Luis Obispo is committed to include the disabled in all of its services, programs and activities.
Telecommunications Device for the Deaf (805) 781 -7410.
V.
•
Escrow Instructions for Cuesta Title Company escrow #201409 -TA
Page 2
Said Affordability Agreement/Deed of Trust Covenants and Deed of Trust with Assignment of
Rents are to be recorded at the close of escrow and may be recorded junior to the first deed. of
trust, in second equity position on the property.
Please prepare and record a request for Notice of Default on all senior liens.
Escrow holder is instructed to procure real estate tax service for the benefit of the City of San
Luis Obispo.
Upon close of escrow, please submit the executed Promissory Note and a copy of the final
closing statement to the City Clerk, City of San Luis Obispo, 990 Palm Street, San Luis Obispo,
CA 93401 -3249. Attention: Lee Price and Jeff Hook.
If for any reason this escrow does not close, return all documents together with these instructions
and the City funds to the Finance Director, Bill Statler, City Hall, 990 Palm Street, San Luis
Obispo, CA 93401 -3249.
Please acknowledge receipt of our enclosures and your complete understanding of our
instructions and conditions by signing and returning the original.
S
------ - -----� -- - -- r- -- ---- --- r- ---lent
ell
Lori Gearhart
Cuesta Title Company
Attachments
j h/L / CDBG /Glindaservicesescrowinswctions
FA Customer Number
Ig Individual Order (ao number required)
Lam-u I
Prior FA Customer (supply number)
Customer Name
(eqj Property Address
(to Modae tar nporav,)
CI(TV op SAN Laps. (062(ISPO -,iTF - �CO2
Address
Service e• B
(to rive FA mailings)
City /StateMp
S OrAIISVC ` 3 40
Prepaid Orders Only
. � ., „� i� 'ri� -- ...l:: Li•i ';.�:- �:��: - _ '— - n'n:n•_. -u•19 `P :1 Fi ..N tni
.',e:' - f S':�. N .T'Ci i4 F-: ] •t 1 ^,' � }'!i 2.. :i. "' ��ri, •• _ F iq.' .+�.i.c .:.. � �•Z.. � � i!• . !J•'1: ''� :�... ,.
_i!' r i � t. �•r�� t t l ` '- �-".J.,.��, 5 I� } ,G�•r 1 �'d'y i} I:,"•.
.. , • r', :. tea•. _ _ : L_ _'t:i, _ ���; _..l��.. 11::,'.,r � -•. , ��
,.:: _....•.,.�...,,.. .._ - • . _:._ , t,.:�) . µms" ;,� J�.. tt �'''k 1'� �f.,fil,E�,�
Tax Service Fee
A $100.00 fee per loan for loan amounts up to $499,999.99. For amounts that
Lam-u I
exceed 5499,99999, add 510.00 per 5100,000 in value,
Loan Number (required)
(eqj Property Address
FLom Data
I•oan ,A 1"Imt S O°
(required)
Term min months)
Service e• B
Service Only
Borrower Name ( mquired)
LI
Lam-u I
1
(eqj Property Address
Street: 5 Z2 L
—
'MWeJ7* L 5 Cl3 119
county:
Legal Description:
(affad kgd dasc ptton lam)
COmmeats:
s� a ftw-'tf:b---t
PrPN 00a -::�Ci a -0 (C)
Marl the Tar Reporting Service- Order IFo,zR =and clrwk to_:
:._
- Fi�rrt,�rrtao� Beall�a�ate_,Z�- Service _
8435,.Stear[iiox - -
• Qne�srr: 800= Z29=84Zb_- :Qierstis'erylc�es - _ - .
OCT.12.2000 10:35M M.421 P.3
The following lists the information you must provide to manually place leans under resida nxial tax service.
Order Date - The date you prepare the Individual Residential Tar Service Order form.
Loan Number - The permanent loan number as it will be stored in the First American system. This number must be provided by the
customer for tracking purposes.
Customer Name and Address - This is the seller's name and address. All tax reporting and correspondence will be mailed to this
address for the life of the Loan.
Loan Amount - The total principal amount of The mortgage or Deed of Trust
Service Type - " Serves is the only service provided for individuals. The customer will receive an annual notification of tax
delinquencies.
Term - The term of the loan expressed in months.
Payment - Orders from individuals must be prepaid by check. Please make the check out to First American Real Estate Tax Service.
Tax Service )Yee - Fccs for individuals are preprinted on front of the form. It is the customer's responsibility to calculate required
amounts for loans of 5500,000.00 or more.
Borrower's Name -The mortgagor's fall name as it appears on the encumbering document
Subject Property Address - The street address described in the legal description; also known as the sites address. This is NOT the
mailing address of the borrower unless the situs address is the same as the maX g address.
Legal Description - The complete legal description without abbreviations is required. A copy of the Schedule A legal description
may be attached instead of entering the information an the form-
For customers submitting an individual order, the loan described in this Tax Service Order is made subject to the terms and conditions
of such agreement upon acceptance of the loan for service by First American Real Estate Tax Service (First American).
First American Obligations: In consideration of the fee paid to First American by the CUSTOMER, First American will, at least on an
a=ul basis, provide the following service:
For 13 Service, delinquency rcpoxtii2g, First American will notify the CUSTOMM When ad valorem real property tares and
in designated meas, g edd assessments or itoprovement bond installm aging the property desa ffied on the face of this
Tax Service Order, become detingicnt
Customer Obligations: In consideration of the services to be perfozmed by Fast American, the CUSTOMER will (1) pay the fee
1 iffied by Pizst =merican4 (2) prosy no* First Awaziean of any change in tine CUSTOM M's mailing address, and (3)
promptly notify First American of nay changes in &c CUSTOM Is artaeat in Ow &=dbed property.
ILindtation on Liability: First Amerieam's sole and axalusive fign1ity wW be lambed m paymont for *a it►berest associated to the
delinquent taxes. Fast American is notliable for the underlyatg taxes or delinquent cost; associated with iattial or
subsequent failure to pay taxes and in no event shall mooted interest to Ste amount of twenty -five htmdred dollars Initials
($2,500) for a single loan.
Cancellation: This Tax Service Order will be canceled and no 61rtite9 services win be performed by Fast American if:
1. The described loan is paid off. assaigned, refinanced, or otherwise t=il=ted.
2. The CUSTOMER gives First Americaa written notice of cancellation.
3. The described property is sold at sax sale.
4. First Ameticim is unable to confirm receipt of notices sent to the CUSTOMER for two eomsecutive years.
General: This Tax Service Order is intended to be the sole and complete statement of the obligations of First A mmican and time
CUSTOMER for services to be performed by First America* The provisions of this Tax Service Order are for the benefit o £First
American and the CUSTOMM and are not for the benefit of any other perms n. This Tax Service Order wM be governed by the laws
Of do state of Teens.
Parcel 1:
That portion of Lot 14 of Map of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis
Obispo, County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page
45 of Maps, described as follows:
Beginning at the Northwest corner of said Lot 14 on the Southeasterly line of Brizzolara Street;
Thence Southwesterly along said line of Brizzolara Street and the Westerly line of said Lot 14, 50 feet;
Thence at right angles Southeasterly and parallel with the Northeasterly line of said Lot 14 to the center of Stenner
Creek, as shown on said Map;
Thence following up the center of said Creek to the Northeasterly corner of said Lot 14;
Thence Northwesterly along the Northeasterly line of said Lot 14 to the point of beginning.
Parcel 2:
That portion of Lot 14 of Map of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis
Obispo, County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page
45 of Maps, described as follows:
Beginning at a point in the Westerly line of said Lot 14 and the Southeasterly line of Brizzolara Street, distant thereon
50 feet Southwesterly from the Northwest corner of said Lot, said point being the Southwesterly corner of the property
conveyed to Joseph C. Hampl, an unmarried man, by deed dated June 29, 1949 and recorded July 13, 1949 in Book
528, Page 368 of Official Records;
Thence Southwesterly along said Westerly line of said Lot and the Southeasterly line of Brizzolara Street, 15 feet;
Thence at right angles Southeasterly and parallel with the Southwesterly line of the property conveyed to Joseph C.
Hampl, as aforesaid to the center of Stenner Creek, as shown on said Map;
Thence Northerly up the center of said Creek to the Southeasterly corner of said conveyed property;
Thence Northwesterly along the Southwesterly line of the property so conveyed to the point of beginning.
Parcel 3:
That portion of Lot 14 of B. Brizzolara's Addition to the Town of San Luis Obispo, in the City of San Luis Obispo,
County of San Luis Obispo, State of California, according to map recorded November 1, 1879 in Book A, Page 45 of.
Maps, described as follows:
Beginning at a point on the Westerly line of said Lot 14, distant thereon 65 feet Southwesterly from the Northwesterly
corner of said Lot, being the Southwesterly corner of the property conveyed to Joseph C. Hampl, an unmarried man,
by deed dated July 26, 1951, and recorded August 13, 1951 in Book 622, Page 142 of Official Records;
Thence Southwesterly along said Westerly line of said Lot, 9 feet;
Thence Southeasterly and parallel with the Southwesterly line of the property conveyed to Joseph C. Hampl, as
aforesaid, to the center of Stenner Creek, as shown on said Map;
Thence Northerly along the center of said Stenner Creek to the Southeasterly corner of the property so conveyed;
Thence Northwesterly along the Southwesterly line of the property so conveyed to the point of beginning.
CITY OF SAN LUIS OBISPO
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
PROMISSORY NOTE SECURED BY DEED OF TRUST
FOR VALUE RECEIVED, the undersigned (hereinafter referred to as "GLINDA SERVICES ")
promises to pay to the City of San Luis Obispo (hereinafter referred to as "CITY "), at the office
of the San Luis Obispo City Finance Director, the principal sum of Three Hundred Thousand,
Three Hundred and Twenty Two Dollars ($322,322) in lawful money of the United States under
the terms described below. Interest shall not accrue on this note. It is the City's intent that said
funds be used by GLINDA SERVICES to purchase property at 519 Brizzolara Street (hereinafter
referred to as "PROPERTY ") to be used for housing affordable to very-low and low income
households, as defined by the City's Affordable Housing Standards or other standards which may
be adopted by the City Council which supercede these standards. Further, it is the City's intent
that said property shall be used for affordable housing for a period of not less than 30 years from
the date of close of escrow.. Repayment of the principal sum will be required only under the
circumstances described in paragraphs A or B below.
A. The principal sum of $322,322 shall become immediately due and payable, at the option
of the City Administrative Officer, within 15 days of notice by CITY if escrow is not
successfully completed.
B. The principal sum of $322,322 shall become immediately due and payable, at the option
of the City Administrative Officer without demand or review, if at any time within 30
years after execution of this note:
(1) Title to all or any part of the property described in the Deed of Trust securing this note
is sold, conveyed, encumbered, alienated or transferred without offering the first right of
refusal to CITY, Housing Authority of the City of San Luis Obispo or to another housing
provider approved by CITY, to purchase the property at its then current appraised value,
less $322,322; or
(2) An equitable interest in all or any part of the property described in the Deed of Trust
securing this note is sold, conveyed, encumbered, alienated or transferred without
offering the first right of refusal to CITY, Housing Authority of the City of San Luis
Obispo or to another housing provider approved by CITY, to purchase the property at its
then current appraised value, less $322,322; or
(3) Said property is used for some primary purpose other than for housing affordable to
very-low, low- or moderate - income persons, as defined in the City's Affordable Housing
Standards on file in the Community Development Department, City of San Luis Obispo,
unless an alternate use is approved by CITY, pursuant to HUD rule 24 CFR 570.505.
Promissory Note
Page 2
(4) CITY determines that GLINDA SERVICES has incurred obligations or made
expenditures for purposes which are not permitted or are prohi ited under the
Affordability Agreement/Deed of Trust Covenants dated Ol between
CITY and GLINDA SERVICES, or if GLINDA SERVICE9 has failed to fulfill its
obligations as described in said Agreement.
C. Failure of CITY to exercise the option to accelerate repayment of the debt under the
circumstances described above will not constitute a waiver of the right to exercise the
option in the event of the subsequent occurrence of any of, the circumstances listed in
paragraphs A or B.
D. In the event of default in the repayment of this Note, the undersigned shall pay to CITY
interest on the unpaid sum, from and after the date of default, which interest shall accrue
at the then current rate imposed under California Civil Code section 3289(b), or any
similar or successor provision thereof, until the default is cured to satisfaction of CITY.
E. If this Note is not paid in full if and when it becomes due, the undersigned agrees to pay
all costs and expenses of collection, including reasonable attorney fees and court costs.
F. This Note is secured by a Deed of Trust, of even date, on the property identified as
Assessor's Parcel Number 002 - 392 -019, to Cuesta Title Company, a California
Corporation, as trustee, which is duly filed for record in the Office of the County
Recorder of the County of San Luis Obispo, State of California, described as follows:
That portion of Lot 14 of Map of B. Brizzolara's Addition to the City of San Luis
Obispo, in the City of San Luis Obispo, County of San Luis Cbispo, State of
California, according to map recorded November 1, 1879 in .Book A, Page 45 of
Maps, and as more commonly. described. as 519 Brizzolara Street, Units A -F, San
Luis Obispo, California 93401.
This Note constitutes a portion of the unpaid balance of the purchase price of real
property purchased by the maker and securing this Note. Demand, protest and notice of
demand and protest are hereby waived by the undersigned, and the undersigned hereby
waive(s), to the extent. authorized by law, any and all homestead and other exemption
rights which otherwise would apply to the debt evidenced. by this Note.
IN WITNESS WHEREOF, this Note has been duly executed by the undersigned as of the
date set forth below.
0
Promissory Note
Page' 3
GLINDA SERVICES, A California non- profit corporation (attach notarization).
Marianne Kennedy
Executive Director
/�/1:7S/G_ 1
Date
Elaine M. Gardiner Date
Board of Directors
CITY, A Municipal Corporation.
APPROVED AS TO CONTENT:
W
IZ- Z11 -61
Wendy Ge (8rge Date
Assistant City Administrative Officer
APPROVED AS TO FORM AND LEGAL EFFECT:
Acting City Attorney
Promissory Note
Page 4
STATE OF CALIFORNIA
COUNTY OF SAN LUIS OBISPO ss.
On It Ly t= i � O before me, Pamela K. King, personally appeared
Wendy George, City Administrative Officer, and Gilbert A. Trujillo, Acting City
Attorney,, personally known to me to be the persons whose names are subscribed to the within
instrument and acknowledged to me that they executed the same in their authorized capacities,
and that by their signatures on the instrument the persons or the entities upon behalf of which the
persons acted, executed the instrument.
,WITNESS my hand and official seal.
-33 my hand ma 01"c'a' sew.
vvl""r PAMELA K. KING
COMMiss!On P 1227306
PU Notary Public: -
'R z
PAMELA K KING NOTARY B� Sarl. WIS Court
PAMELA KKING, NOTARY PU T
Title of Documen V-1 Ale--
Date of Document No.. of Pages
Other signatures not acknowledged:
ih/UCDBG/GL1NDA SERVICESnote
State of California }
County of San Luis Obispo }
On December 28, 2001, before me, Pamela K. King, Notary Public, personally appeared
Elaine M. Gardiner and Marianne Kennedy, proved to me on the basis of satisfactory
evidence to be the persons whose names are subscribed to the within instrument and
acknowledged to me that they executed the same in their capacity, and that by their
signature on the .instrument the persons or the entity upon behalf of which the persons
acted, executed the instrument.
'tness my hand and off' ial s al.
PAMELA K_ KING
Commission # '.227306 Z
i Notary PIRC Cal "ornia
Pamela K. King, Notary Public Z �, San Luis ObiFpo Coun'y
My Comm. Fxpires JAI 22003
Capacity claimed by_signer(s): individuals(x) O corporation O partnership ( )
attorney -in -fact ( ) political agency O
Affordable Housing Covenants
12/28/2001 14:00 FAX 805 5487044 NEAL- TRUESDALE,INC.
10 003
ACOR"Emp""m �
�z'zlsj`VI,�
IS E FENCE THAT UH AS BEEN ISSUED, IS IN FORCE, AND CONVEYS ALL THE
THIS R
RIGHTS AND PRIVILEGES AFFORDED UNDER THE POLICY.
pgppUC[R " " - - - - -- "1 PRONE - " °- —� C
COeIPANY
Neal - Truesdale Insurance Inc F
First National Insurance
License # 0368744 1
P.O. Box 30968
1400 Madonna Road P
Oakland, CA 94605
San Luis Obispo, CA 93405 -6433 O
cow - 9123168 • _
0
0_0004599
L04F1- 1iUN8ER _.__ TfO]CY NuNCUSTOMER I
-• —
Cp77501073
Glinda Services Inc. C
- E�cinrE DATE expiRAmbN DATE C
CONTINUED UNTIL
P 0 Box 125 0
09/26/2001 09/26/2002 T
TERMINATED IF CHECKED
San Luis Obispo, CA 93406 -
-�—
TI{Ig REPUlCES PRSOR EVIDENCE DOTED:
LOCATIOWDESCRIPTION
1 Loc 00006 Bldg 00001 519 Brizzolara St. San L
Luis Obispo, CA 93401
2 Loc 00006 Bldg 00002 519 Brizzolara St. San L
Luis Obispo, CA 93401
3 Loc 00006 Bldg 00003 519 Brizzolara St. San L
Luis Obispo, CA 93401
4 Loc 00006 Bldg 00004 .519 Brizzolara St. San L
Luis Obispo, CA 93401
AMOUNT � DEDUC'nBLE
—T.._ 157,320�� 500
1 Building, Special ._T � I I
1 Loss of Rents, , Special I 21,6001
2 Building, , Special I 102,680 500
2 Loss of rents, , Special 10,800
3 Building, , Special 80,000 500
3 Loss of Rents, , Special ± 19,200
60,000 500
4 Building, , Special
4 Loss of Rents, , Special I 8,400'
es added to existing policy etr.
_, , ._ . _ . .._ .. . - -
POLICY BE TERMINATED, THE COMPANY WILL GIVE THE ADDITIONAL INTEREST IDENTIFIED BELOW . ten DAYS
WRITTEN NOTICE, AND WILL SEND NOTIFICATION OF ANY CHANGES TO THE POLICY THAT WOULD - AFFECT THAT
INTEREST,� , , IN ACCORDANCE WITH THE POLICY PROVISIONS OR AS REQUIRED BY LAW.
WIME dM0 ODORFS3
City.of.San Luis..Obispo =
Community Development.Dept.
990 Palm- Street
San Luis Obispo, CA -93401
MORTGAGEE L_j ADDITIONAI._IMSUREO
= '.LOSSR4YEE I X Second Mortgagee _
rumi-
�ImIORI�D RED- �o71vE
Jack Neal /LINDA
es added to existing policy etr.
_, , ._ . _ . .._ .. . - -
POLICY BE TERMINATED, THE COMPANY WILL GIVE THE ADDITIONAL INTEREST IDENTIFIED BELOW . ten DAYS
WRITTEN NOTICE, AND WILL SEND NOTIFICATION OF ANY CHANGES TO THE POLICY THAT WOULD - AFFECT THAT
INTEREST,� , , IN ACCORDANCE WITH THE POLICY PROVISIONS OR AS REQUIRED BY LAW.
WIME dM0 ODORFS3
City.of.San Luis..Obispo =
Community Development.Dept.
990 Palm- Street
San Luis Obispo, CA -93401
MORTGAGEE L_j ADDITIONAI._IMSUREO
= '.LOSSR4YEE I X Second Mortgagee _
rumi-
�ImIORI�D RED- �o71vE
Jack Neal /LINDA
ri
1h
A. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
Cuesta Title Company
B. TYPE OF LOAN OMB No. 2502 -0265
1. [ ]FHA 2. [ ] FmHA 3. [X] Conv. Unins
4. [ 1 VA 5. [ 1 Conv. Ins
6. ESCROW NUMBER: 7. LOAN NUMBER:
201409 -TA
8. MORTGAGE INSURANCE NUMBER:
NOTE: THIS FORM IS FURNISHED TO GIVE YOU A STATEMENT OF THE ACTUAL SETTLEMENT COSTS. AMOUNTS PAID TO AND BY THE SETTLEMENT AGENT ARE SHOWN.
ITEMS MARKED "(P.O.C.)" WERE PAID OUTSIDE OF THE CLOSING: THEY ARE SHOWN HERE FOR INFORMATIONAL PURPOSES AND ARE NOT INCLUDED IN THE TOTALS.
D. NAME OF BORROWER:
Glinda Services
P O Box 125
San Luis Obispo, CA 93406
E. NAME OF SELLER:
the Laura M. Hampl Revocable Living Trust
dated October 2, 1997
34634 S.E. Ranch Ave.
Albany, OR 97321
F. NAME OF LENDER:
Coast National Bank
486 Marsh Street
San Luis Obispo, CA 93401
G. PROPERTY LOCATION:
519 Brizzolara Street, #A -F
San Luis Obispo, CA 93401
H. SETTLEMENT AGENT:
Cuesta Title Company
I. SETTLEMENT DATE:
01/02/2002
PLACE OF SETTLEMENT:
1319 Marsh Street
San Luis Obispo, CA 93401
J. SUMMARY OF BORROWER'S TRANSACTIONS
_ SUMMARY OF SELLER'S TRANSACTIONS
1:00, GR05S AMOUNT DUE:FftO/t 8t3RRL1WER..:
D0.FiS.AMC�UEV7 DL1ET{ S1:LLER......................
.:......:........:.. ;:
101. Total Consideration
615,000.00
101. Total Consideration
...:......:.:.::...........;:.:
615,000.00
102. Personal Property
$02. Personal Property
103. Settlement charges to borrower (line 1400)
2,960.30
$03.
104.
404.
105.
405.
Adjustments: Items Paid by Seller in Advance
Adjustments: Items Paid by Seller in Advance
106. City /Town Taxes
406. City /Town Taxes
107. PPD County Taxes fr 01/02/02 to 07/01/02
760.65
y Taxes fr 01/02/02 to 07/01/02
760.65
108. Assessments
ts
109.
110.
111.
Ucc
112.
113.
114.
2CCr.
115.
�..� Gain=
116.
117.
118.
18.
120. GROSS AMOUNT DUE FROM BORROWER
61 8,720.95
20. GROSS AMOUNT DUE TO SELLER
61 5,760.65
2tia NTu PAt 7: Y: i}E:: -SE-H if l °: f
RRf
€3UC� EL�t °:ilk �0.MQU °f :p /E Ti 'S1rLE.Er
201. Deposit or earnest money
20,000.00
01. Excess deposit (see inst.)
202. Principal Amount of New Loan(s)
305,000.00
02. Settlement charges to seller (line 1400)
500,475.56
203. Existing loan(s) taken subject to
03. Existing loan(s) taken subject to
204. 2nd New Loan
322,322.00
04. Prorated Rents
3,835.83
205. Prorated Rents
3,835.83
05. Prepaid Deposits
5,350.00
206. Prepaid Deposits
5,350.00
06. Payoff To Chevy Chase Bank
106,099.26
207.
07.
208.
508.
209.
09.
Adjustments: Items Unpaid by Seller
djustments: Items Unpaid by Seller
210. City /Town taxes
-- -
510. City /Town Taxes
- - -...
211. County T,_
_
-_-- I._
- - -- - -- - -
ti I. ,;ounty Taxes I
212•
12. Assessments
213.
13.
214.
14.
215.
15.
216.
16.
217.
17.
218.
18.
219.
19.
220. TOTAL PAID BY /FOR
BORROWER
656,507.83
20. TOTAL REDUCTIONS IN
AMOUNT DUE SELLER
61 5,760.65
: >fy >GSH:A:: err R............ .............: :::::::::::......
CIM:<GAS#1..1�,7:Si+T..:. CC 17:.E#QM:..S.:I L :.;.:.:. >:.;;;;:
.:.::: .::.iii:.::.:':: ::::::::.�:::::
301. Gross amount due from borrower (line 120)
618,720.95
301. Gross amount due to seller (line 420)
615,760.65
302. Less amounts paid by /for borrower (line 220)
656,507.83
02. Less reduction in amount due seller (In 520)
615,760.65
303. CASH 1 FROM) (XX TO) BORROWER
37,786.88
P03. CASH ] FROM) (XX TO) SELLER
0.00
-
a
A. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
Cuesta Title Company
B. TYPE OF LOAN OMB No. 2502 -0265
1. [ 1 FHA 2. [ 1 FmHA 3. 1X1 Conv. Unins
4. [ 1 VA 5. [ 1 Conv. Ins
6. ESCROW NUMBER: 7. LOAN NUMBER:
201409 -TA
8. MORTGAGE INSURANCE NUMBER:
NOTE: THIS FORM IS FURNISHED TO GIVE YOU A STATEMENT OF THE ACTUAL SETTLEMENT COSTS. AMOUNTS PAID TO AND BY THE SETTLEMENT AGENT ARE SHOWN.
ITEMS MARKED "(P.O.C.)" WERE PAID OUTSIDE OF THE CLOSING: THEY ARE SHOWN HERE FOR INFORMATIONAL PURPOSES AND ARE NOT INCLUDED IN THE TOTALS.
D. NAME OF BORROWER:
Glinda Services
P O Box 125
San Luis Obispo, CA 93406
E. NAME OF SELLER:
the Laura M. Hampl Revocable Living Trust
dated October 2, 1997
34634 S.E. Ranch Ave.
Albany, OR 97321
F. NAME OF LENDER:
Coast National Bank
486 Marsh Street
San Luis Obispo, CA 93401
G. PROPERTY LOCATION:
519 Brizzolara Street, #A -F
San Luis Obispo, CA 93401
H. SETTLEMENT AGENT:
Cuesta Title Company
I. SETTLEMENT DATE:
01/02/2002
PLACE OF SETTLEMENT:
1319 Marsh Street
San Luis Obispo, CA 93401
J. SUMMARY OF BORROWER'S TRANSACT IONS
SUMMARY OF SELLER'S TRANSACTIONS
»1 >AO : >::G:FRtJ5S:::AM:Oi1�lT:: E�:E': ;.0 :>
.D. . F.R. �tE..St3RJ OW. - ER::>::> :: >:: > ::::::......:......:..... »..... :: »:: » >:::.
_ :.....::.........:....:..:..:.....
f31 <> . C1 ::; . .::::::> ..:. ::...:.. .
R S AML3L1.(VT..t3LEE;T4;:S�3 � IrR::;<: >:::<::: »>:>::::: i:::>:::<:»::<::::<::«::::::<::< ::<::::<::: >:::: >: >: >:::: >:::::
: X X::::::::::::.:::::::::::.::.:::.:::::::::::::.:::::::::::::::::::::::::::::::: :::::::::::::::::::::::::::.:::
101. Total Consideration
615,000.00
01. Total Consideration
615,000.00
102. Personal Property
02. Personal Property
103. Settlement charges to borrower (line 1400)
2,960.30
03.
104.
404.
105.
405.
Adjustments: Items Paid by Seller in Advance
Adjustments: Items Paid by Seller in Advance
106. City /Town Taxes
406. City /Town Taxes
107. PPD County Taxes fr 01 /02/02 to 07/01/02
760.65
07. PPD County Taxes fr 01 /02/02 to 07/01/02
760.65
108. Assessments
08. Assessments
109.
09.
110.
10.
111.
11.
112.
12.
113.
We Oer ny tM Is o
a'.true and exact copy of the origiamL
114.
E3
Jit C i.oFCIj any -
115.
1 1
116.
117.
17.
118.
18.
120. GROSS AMOUNT DUE FROM BORROWER
618,720.95
20. GROSS AMOUNT DUE TO SELLER
61 5,760.65
ZOt? AltilfJE1N FS. x41D B tJR €t±:: EN t� iii=. t3DFtF
#Ixi ..'.
€f 3. f b3JC`t 10. . [f� �tiA>�g13E�3 . bi,1 'TQ S LLr=
201. Deposit or earnest money
20,000.00
01. Excess deposit (see inst.)
202. Principal Amount of New Loan(s)
305,000.00
02. Settlement charges to seller (line 1400)
500,475.56
203. Existing loan(s) taken subject to
03. Existing loan(s) taken subject to
204. 2nd New Loan
322,322.00
04. Prorated Rents
3,835.83
205. Prorated Rents
3,835.83
05. Prepaid Deposits
5,350.00
206. Prepaid Deposits
5,350.00
06. Payoff To Chevy Chase Bank
106,099.26
207.
07.
208.
08.
209.
09.
Adjustments: Items Unpaid by Seller
Adjustments: Items Unpaid by Seller
210. City /Town taxes
510. City /Town Taxes
211. County Tdxos
11. County Taxes i
212•
12. Assessments
213.
13.
214.
14.
215.
15.
216.
16.
217.
17.
218.
18,
219.
19.
220. TOTAL PAID BY /FOR
BORROWER
656,507.83
20. TOTAL REDUCTIONS IN
AMOUNT DUE SELLER
61 5,760.65
t ' xs` :: ,.....>; iiiiiii:..
t�...::::..H A7 SE1"iLE iEE 17 FR tUI�f )lC?k iO i>~�i :: >:::::;;::: >:: >:: >:::.::;
.......
:CA" ... ,.::: ;> ":::i "'i .: ;:...:: r -. ::. :::> s >:«<>;;;>:
II SH AT: S5-T ,EM):t l E# C 11llfY :::::
:....
301. Gross amount due from borrower (line 120)
618,720.95
01. Gross amount due to seller (line 420)
615,760.65
302. Less amounts paid by /for borrower (line 220)
656,507.83
02. Less reduction in amount due seller (In 520)
1
615,760.65
303. CASH 1 FROM) (XX TO) BORROWER
37,786.88
P03. CASH ( FROM) (XX TO) SELLER
0.00
L. SETTLEMENT STATEMENT Escrow: 201409 -TA
.............. _. _... _............................................ ...............................
........................................................................................................................................................................................ ............................... .
7Df: >Tt3fAiL::: Sid: LESl i3ROK: ER' S:: Dh� :(wI1S:S11t�E:#aased:::�ir�::: r:�C;:$;6;I::f0:04:; ::: >:5:QA'3ti<::5':7Sai' >: » »'::
:.::.:::.:::.:::::: s:::::::::::::::::::::::::::::::::.::::::.:: :::.:::::.::::::::::::::: ::::..
PAID FROM
BORROWER'S
FUNDS AT
SETTLEMENT
PAID FROM
SELLER'S
FUNDS AT
SETTLEMENT
Division of Commission (line 700) as follows:
701. 15,375.00 - Thomas R. Patterson, Inc.
702. 15,375.00 - Real Estate Group
703. Commission paid at settlement
30,750.00
704.
::M IT S £?A�RRI. IM .O.NNECTUID 1. iTFf:.E S A1�# ..:..;. .. .:.. ..
..........I .............:::::::::::::::::::::::: ::::::::::: :::..... ::::::::::::,:::::::::::::::::::::::::.:::::::::::.::::.:::::::::::::::::::::::::::::::::.::::::::,::::::.:::::..:::.:::::::.:::.::::::::::::::::::::::::::::::::.............:: :::.:..................,:......
801. Loan Origination Fee
802. Loan Discount
803. Appraisal Fee
1,000.00
804. Credit Report
805. Lender's Inspection Fee
806. Mortgage Insurance Application Fee
807.
808.
809.
810.
811.
812.
813.
814.
40a 1 fEIMS 3 �i� 7i#3EFJ 51 I�Mt).Ei�'i'Q3::B� #'A11�.:ETV l�l�lifl i ; :...: :..
901. Int at 0.0000% fr / / to
902. Mortgage Insurance Premium
903.
904.
905.
1:( iOiT: ::PAS:ElE5::aEPE3537EF3::[:;.:; L :ftE : > :':::::::; »:;;:: >:<; ><:: > >««« ?:;::<:: ;: »<;:<;:zzzz;::;
.. E. . R........
.......................................................................................................................................................................................:.............................................................................. .......:.......................
....................................................................................................................................................................................................................................................................... ...............................
1001. Hazard Insurance months @ $ per month
1002. Mortgage Insurance months @ $ per month
1003. City property taxes months @ $ per month
1004. County property taxes months @ $ per month
1005. Annual assessments months @ $ per month
1006.
1007.
1008.
7::::.:a.: ESCRO.WV Af!1.F} TIT.t.E:..CEE?iR E .........:....................:...:................................................................................................. ........ ...................... ......... ............. ...............................
1101. Settlement or closing fee to Cuesta Title Company
532.50
532.50
1102. Abstract or Title Search
1103. Title Examination
1104. Title Insurance Binder
1105. Doc Prep Fees
40.00
100.00
1106. Notary fees
1107. CLTA Loan Policy (10- 17 -92) w /Form 1 Cov. for 322,322.00 Cuesta Title Company
100.00
1108. Title Insurance Cuesta Title Company
515.80
1,956.00
1109. Lender's coverage - ALTA Loan Policy (10- 17 -92) w /Form 1 Cov. $ 305,000.00
1110. Owner's coverage CLTA Standard Policy - 1990 Form $615,000.00
1 1 1 1. Loan Tie -in
150.00
1112. Draw Deed
80.00
1113. Courier Fees
40.00
1114. Wire Fee
40.00
1115. Reconveyance Fee
65.00
1116.
~I'2G�D GaU «i�NM)wf REC3FtD(t!(G RhJt) 1FtANPf>:HARCjES ..
1201. Recording Fees: Deed $ 20.00 Mortgage $70.00 Releases $10.00 1 90.00
10.00
1202. City /Count tax /stamps 676.50 - Mortgage $
C70.50
1203. State Taxistamps: Deed $ 0.00 Mortgage $
1204. Recording Agreement
25.00
1205. Recording Request for Notice
7.00
.... ....... :::... .: ::::::::::::::.:::::::::::::..............................::::.::::::::::::::::::::::::::::::.::::...:.::::::::::::.::::::::::::::::::::::::::::::
y:3(75:> AL?D)Tf)r7N' £T
1301. Survey
1302. Brezden Pest Control, Inc. for Termite Report /Work
315.00
1303. San Luis Obispo County Tax Collector for 2nd 1/2 01102 taxes
764.90
1304. Hisco Home Warranty for Home Protection Policy
750.00
1305. Ronald C. Hampl Early Release of Funds
10,000.00
1306. Karen H. Howell Early Release of Funds
10,000.00
1307. Cuesta Title Company Hazard Disclosure Statement
40.00
1308. Laura Anne Howell
2,500.00
1309. Edith H. Boteler
2,500.00
1310. Ronald Joseph Hampl
2,500.00
1311. Other Charges - See Attached
500.00
436,855.66
1400. TOTAL SETTLEMENT CHARGES (enter on lines 103, Section J and 502, Section K)
2,960.30
500,475.56
Wednesday, January 2, 2002, 12:46
Escrow: 201409 -TA
ATTACHMENT TO RESPA
SELLERS: Laura M. Hamel Revocable Living Trust
58 Bitting Road
Alburtis, PA 18011
DEPOSITS TO ESCROW
Glinda Services
PAYOFF CHARGES FOR Chevy Chase Bank
Principal Balance
Interest to 01 /30/02
CHARGES FROM LINE NO. 1311
Patrick Lee Hampl
Randall Derrick Hampl
Daniel Hampl
Donnie Hampl
David Hampl
Ronald C. Hampl and Patricia L. Hampl 50% net proceeds
Karen H. Howell 50% net proceeds
Tax Service
r
BUYER SELLER
20,000.00
500.00
104,299.03
1,800.23
2,500.00
2,500.00
2,500.00
2,500.00
2,500.00
212,177.83
212,177.83