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Home My WebLink AboutD-838 Parking Lot #12 Recorded 01/19/1970h- #"DVG REQUESTW a. DDC. NO. OFFICIAL os @ i M .': rN1 T'D M00 AND TRUST CO. 00 SAN LUIS OBISPO CO., CAL WILLIAM E. ZIMARIK, WHEN RECORDED MAIL TO: COUNTY RECORDER SHIPSEY & SEITZ To 19197 Attorneys at Law D.0I Rrn ��p4fthr Post Office Box 953 m`- San Luis Obispo, California 93401 DOCUMENTARY TRANSM TA% $ A &Zaam Signed- -Pariy o gou Firm Nme LOCATED IN SAN LUIS OBISPO, CALIFORNIA, an incorporated city G U A R D I A N 'S D E E D Ad THIS INDENTURE, made this 2Lf day of December, 1969, in the City of San Luis Obispo, County of San Luis Obispo, State of California, by and between JOHN F. READY, the duly appointed, qualified and acting Guardian of the person and estate of MAYDIE R. BROPHY, an incompetent person, (hereinafter referred to as "Party of the First Part ") and THE CITY OF SAN LUIS OBISPO, a municipal corporation, (hereinafter referred to as "Party of the Second Part ") W I T N E S S E T H: WHEREAS, on the 11th day of December, 1969, the Superior Court of the State of California, in and for the County of San Luis Obispo, made an Order Confirming Sale of certain real property belonging to said estate situated in the City of San Luis Obispo, County of San Luis Obispo, State of California, as specified and particularly described in said Order Confirming Sale, which Order is now on file and of record in said Court, and is hereby referred to and made a part of this indenture; and, WHEREAS, said Court in said Order Confirming Sale directed • conveyance to be executed to said Party of the Second Part, • certified copy of said Order Confirming Sale being recorded in the office of the County Recorder of said County of San Luis Obispo; and, NOW, THEREFORE, JOHN F. READY, as Guardian of the person and estate of MAYDIE R. BROPHY, an incompetent person, Party of PAGE ONE.......... MAIL TAX STATEMENTS TO: City of San Luis Obispo, 990 Palm Street San Luis Obispo, California ass VOL15 " PAGE r the First Part, pursuant to said Order Confirming Sale, for and in consideration of the sum of Nineteen Thousand Eight Hundred Dollars ($19,800.00) in cash to said Guardian paid by Party of the Second Part, the receipt of which is hereby acknowledged, has granted, sold and conveyed, and by these presents does grant, bargain, sell and convey unto said Party of the Second Part, all right, title, interest and estate of said MAYDIE R. BROPHY, an incompetent person, in and to all that certain lot or parcel of land lying and being in said County of San Luis Obispo, County of San Luis Obispo, State of California, and bounded and particularly described as follows: That portion of Lot 7 -8 in Block 8 of a Map of parts of the City of San Luis Obispo, owned by A. Murray, in the City of San Luis Obispo, County of San Luis Obispo, State of California, as per map filed in Book A, Page 145 of Maps, in the office of the County Recorder of said County, included within the following described lines: Beginning at the most southerly corner of said Block 8; thence northeasterly along the south- easterly line of said Block, a distance.of 54 feet; thence northwesterly parallel with the southwesterly line of said Block, a distance of 112 feet; thence southwesterly, parallel with the southeasterly line of said Block, a distance of 54 feet to the southwesterly line of said Block 8; thence southeasterly along said southwesterly line 112 feet to the point of beginning. TOGETHER with all tenements, hereditaments, and appurtenances whatsoever to the same belonging or in any wise appertaining. TO HAVE AND TO HOLD all and singular the above mentioned and described premises, together with the appurt- enances unto the said Party of the Second Part, its heirs and assigns. Page Two........... a1560 PAGE22.5 4N IN WITNESS WHEREOF, the Party of the First Part, as Guardian of the person and estate of said incompetent person, as aforesaid, has executed this indenture the day and year first above written. STATE OF CALIFORNIA ) ss. COUNTY OF SAN LUIS OBISPO ) of On this - day of December, 1969, before me, a Notary Public, appeared JOHN F. READY known to me to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same. WITNESS my hand and official seal. GERALD W. SHI SEY Notary Public in a d for said County and State I FIE ,,. GERALD W.S"PSEY NOTARY "CB•_•.t ri S.UI UTS CO:Z -10 COO�M Page Three.......... V%1550 PAMU6 40 CERTIFICATE OF ACCEPTANCE assssrsrrssssss THIS IS TO CERTIFY that the interest in real property comreyed by the Guardian's Deed dated December 22, , 19 69,from JOHN F. READY, Guardian of the person and Estate of Maydie R. Brophy, an incompetent person to the CITY OF SAN LUIS OBISPO, a Political Corporation, is hereby accepted by the undersigned officer on behalf of the City Council pursuant to authority conferred by Resolution No. 549 (1959 Series), recorded Nay 26, 1959, in Volume 1002, Official Records, Page 292, San Luis Obispo County, California, and the Grantee consents to recordation thereof by its duly authorized officer or his agent. Date: January 15,1970 ATTEST- 41f, i 1 CITY OF SAN LUIS OBISPO END OF DOCUMENT VOL1550 PAGE22.7 r TO 1012 PC (7 -68) California Lend Title Association Standard Coverage Policy Form Copyright 1963 TI POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective date, and. amount of which are shown in Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with costs; attorneys' fees and expenses which the Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the Insured shall sustain by reason of: 1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or referred to in Schedule C, existing at the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2. Unmarketability of such title; or 3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon the estate or interest referred to in this polity; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage being shown in Schedule B in the order of its priority; \ \\ Vhf . all subject, how_4ZP-; t�FN't e provts!gT, of Schedules A, B and C and to the Conditions and Stipulations hereto anne ed• G" A� D T 1 t 1 i J�PN Mti IS PR04'0 %'�P+♦'� Tt' 0. = s tt e�Rlii'Ynes ereof, Title Insurance and Trust Company has caused its corporate zfam�ald seal to be hereunto affixed by its duly authorized officers / —J = on:theldat Schedule A. ~ e z 1— • / _.ar ": j • .� �'�,, -� "`"��_ o• i Z5t1e Insurance and Trust Company Y s i ELE ��/_• PRESIDENT Attest QW4� SECRETARY ti (A:)ilod sly] jo 06od 1so-1 uo papnpuo) puo panupuo] suoi4olndi4S puo suo!t!puOD) jo ]UawArd jo iapuaa io ivaLuArd 'asrgi -Ind gins '.ssaupaigapul pigs asrgiind w uondo aqi anry lleys Aurdwo7 ayi 'Axlod siyi Aq palanoi aSe94Jow r Aq pamias ssaupalgapui ayi }o Iaumo aqi Aq Aigod siyi Iapun pawlep si ssol asci UI 'io 'bilod sn14 ;o ignowr lln; ayi Ard w jo 1suae9e painsw wire Aur painsul ayi jo awru ayi ui io io; aswoidtow io aluas jo Ard o7 uondo aqi anry Ilegs Aurdwoj ayj SWIVt:) 3SIW -071dW07 710 31113S 'AW Ol NOIldO '9 •Aagod sryi Iapun vowr Aur jo pains -ul ayi Aq aluruaiuirw iSUieSe Irq anrsnlo -UO3 r aq IIrys •paijiaads aiojagU1aiag awil aqi uiqum uovir yons aauawwoi of io 'a9cwgp jo ssol io ivawairis vans ysiwnj of a.mlirj -ponad Arp Awya pigs jo uoneildxa iaaje siraA any uiyl!m uoaiayl paouawwoo aq prgs uogir ssalun Aoyod sryi capon painsul aqi Aq pry aq llrys AIaAOiaJ olr pur 'paysiwnj uaaq lArg llcys ivawairis yens iaije sArp A31igi 1pun bilod siyi Iapun painsul ay of anioir llrgs uoiaar ;o iy9u oU pur 'pauiwiaaap uaaq anry Ilrys aSrwrp io ssol yens iai ;e sArp Aixis uiyiim Aurdwo7 ayi w pays winj aq drys tiilod siyi Iapun algrrl si Aurdwo:) ay pa Wig S1 l! giiym ioj a9ewcp io ssol Aur jo Sun!IM ui ivawairis r '(q)l, gdriSEird Iapun paiinbai saxlou 3q1 07 uonippe ul N01MV 10 NOI1V11WI1 — SSOI 90 331LON 'S -paiiniui os asuadxa Age ioj painsul ayi asingwiai llrys Aurdwo7 aya pur 'Sul - paa..)oid io uoiiig yens Suipwjip jo Sun - noaswd io sassauu& Suigreago 'aivaplAa 9uunias 'ivawalms $unia } ;a ui 'Suipaaawd jo uonir yons Aur ur pig algeuoseai fle Aurdwo:) ay ani9 drys painsul aqi Aurd -wok ayI Aq polsanbai uanauayA\ 'asod.md gins io; painsul aqi jo awru aqi 'uoildo sli ag 'asn m IT uwiad pur 'uiaiagi slraddr III! pur •Suipaaiwd w uonoc yens ui asuaj -ap aplAoid io aaniasoid os w ig9ii aqi u w aimas Ileys painsul ayi 1uipaaaoid io Uunar Age jo asuapp ay ioj aplAoid io ainaasoid of Auedwo:) ayI saiinbai io saw lad Sbllod siyi aiay,n sasea Ili Ul (p) bgod siyi jo uoisiAOid Aur aAlem io Allpquil apaiuoi Agaiaga' aou Ilgys 'pur iapunaiagi algr1l aq Ilcys 71 iou io iagiagm tiilod siyi jo swim ay Iapun uomr airudoiddr Aug -ails Acw AmdwoD aqi pur 'pamsui se aSes -uow ayI jo uay ayi io isaiawl io aaeisa ay jo apn ayu ysggeisi of algrnsap Io Aiessaoau aq Arw uoauido SIT ui girym 13U Iayio Aur op io Sulpaaioid io uonoc Am aaniaswd pur aimpsul w isoi umo sal Ir ug9v ayi anry drys ,(urdwo7 ayj (i) axpnfaid gins jo juaixi ay of Aluo uaya pug a.mlir3 yens Aq paiipnfaid Allgnlig aq llcys AUp wok ayi ssalun painsul Age jo wiep ayI airpnfaid aseo ou ui drys Ajnou o7 amliej reyi 'ianamoy 'paplAoid 'airwwiai pur asrai llrys Iamw io Suipaaioid 'uoUir. Ipns jo iaACtu Ioafgns ayI w pie9ai ui Aurdwo7 ayi jo Apligrq lie uagi app. jo Aigigrua-lirw -on pawky jo voscai Aq uogiafai yens Acs jo Aurdwo7 ayI Ajpou Aladwoid '9uniim ui 'iou ppys painsul aqi ji in 'painsul ayI jo a9pal.uouil ay o1 Quin) llrys yxy.e IsweSc painsul aiupigwnlua jo uayiiaj -ap Aur jo Aurdwo:) ayi Ajvou A14dwoid 'Supnm ui 'jou llrys pa.lnsul ayi ji io sgui -prald in sswmd jo idraiai aqi In sArp uai uly7!m.,Suedwo7 ayi 07 uaAiS aq loin llrgs aonou y..)ns ;i 1u!7!im. ui joaiayj Aurdwo:) ayi Ajnou lfgys painsul aqi 'al(4elailiew -un sr paloafal sr isaialu! Jo amsa pigs of apn ay Juana yens Age ui pur aseq:) -Ind o7 sasnjai Aiyod siyi Aq paianoo aSVW -liow a Iapun alrs amsoloaioj g jr iapprq lujssaiins ayi ji in 'avers ayi a9e9uow in asral 'llas w siiciiuo_i io saseal ya!gj pool u! painsul up i 'io 'bilod sryi Aq paianoi a9g9u0w r. Iq pamias ssaupaigap _UT ay pas of aoriluoo yiruj poo8 ui llrys painsul ayi ji io 'bilod sly; jo ani31A Aq algril aq A= io llegs Aurdwo:) aqi girgm ioj a9rwrp io ssol asnro iy`diw gxym io 'pamsui sr a9r9uow aqi jo uay io isalaj -ui•Io aaeisa aq; jo -alin aqi of asianpe sr yirym isaiaiui io all jo wiep Aur jo pains -ul aqi oa awoi llrgs aSpalmovll asei ur io 'pmodiaml asuajap in 'ungaq aq llggs Sul - paaiwd io Uopoe yens Ave mri ul (q) -uosai TSUI jo iinoa ayi UT uoueuiwiaaap Irw w Uonr2w, Aur ins -2nd .Sew pug tiilod} sryi Aq isuirSn pains -w aiUeigwnaua - io - vail 'ioajap paSallg Up uodn papunoj si SIUana yens jo Age ui uoilor io - uopuViill yxym 'pamsui sr a9e8 -NOW ayi ;O gay ayi io isaiaiw IO amsa ay jo app aqi ysilgrisa oa airlidoiddr aq Aew sr uonie yxs io; (Z) ao !purl pigs ul isaiaiui io airasa aqi jo ales IT so bilod siyi Aq paianoi ssaupaigapuipUr ages -pow aqi jo ales jo ainsopaioj a asuie9e pasodiami suoiaagnfui IO'siapio Sururgnsai 'SasUajap io 'painsul ayi isUte9e paauaw -woo s9uipaaawd io suopm jo Sonsisuw u013r9n11 ilr ur painsul ayj jo asuajap ay ioj (I) opinoid llrgs Arlap anpun inoyar^" pup jsoi umo sir it 'Aurdwo:) ayj (r) 43vnSNl Mi AS WAI9 38 Ol „WIVID dO 33IlON- SN01MV 10 Ndiino 50Bd UNV 3SN3d34 '9 :a9palmouil ino -qv anleA io; ia3re1gwn0ua io iaseqund r aiam painsul aqi ji.pauieasns uaaq anry iou pinom yaiym 38Vwrp io sso-1 (a) 'joway aiep ayj w ivanbasgns pairali io Suigieur (y) io :lug -wielj painsul ay w ssol oti ua 9uglnsai (£) io :.tiilod sryi jo ajep aqi w ioijd Amd -wok aqi of aprw uaaq anry ergs painsul aqi-Aq Sunrim ut joaiaya ainsopsip ssalun 'spioiai iilgnd ayi Aq umogs iou pup Axlod sigi Aq painsui isaiam io aigasa up paimb -ic lupwlp17 painsul yens airp ayj it io A.igod Srya ;o aiep ayj je iaglia ImuTrul' painsul ayi w umouil (z) jo '391!wrp io ssol Sulwirp painsul ay Aq of paai9r io pownssa •paiajjns 'pairaio (I) siaiirw iagao Io painsui se apn ayi isulr9r- swIE17 asia,spe 'saiurjgwniva 'svail 'sUa ;aQ (p) 'uiaiaq papnlpxa io pajdaixa asimiagjo ssalun 'SArmy9iq io siaaiis yens jo auo oa ssaiae io; siaumo Suumge ;o siy9ti Airwpio ayi samsw bilod sryi sArmySrq io saaaius uado AllraisSgd aww io auo uodn singe purl .ayi j! "acgl lidaixa 'pamsui air sivawasra io slyEu 'Aliadoid yms aryl sap!Awd Allr - xjuads Aigod siyi ssalun uiaiaga sauawasua io sli1913 AUB JO 'waUJanoidwr io amUnais iayuo Aur io sd Luri 'slauum 'sllnpA Ulaiaya ulciUMU ou ay9u ayi io 'singr purl gDns y yxym uo sArmiajem io sArm 'saml 'sanu -aAr 'speoi 'SiaaJIS oa 31412 iO '7 alnpayoS ui paginsap Alssaidxa purl aqi jo scull aqi puoAaq Auadoid Aur of a14i,I, (i) 'joaiay airy ayi ie spio »I iygnd ay ui sieidde sigWrl yms jo asiWaxa aqi jo ainou ssalun uirwop wauiwa in Iauod axiod jo.siy8u leivawuiano6 (q) -purl jo laurd jo iol Aur jo rare In suoisuawip aqi ui wiunpai a io diysiaumo ui uoiigiedas a Suiaigiyoid io 'purl pigs uo paaoaia iai}gaiay ao mou luawanwdwi Aug to uopgiol io 'suwsuawrp 'ialiriryo ay 2anrin83j m 'purl ayi jo 1uawAofuo io asn ',Uurdnoio ay Suij!ygoid io 2uprin9ai w Suniiijsai (saiueuipio Suluoz pur Suiplmq w paarwg IOU 7n4 Suipnpui) uoneln8ai lriUawwanos ip aiUeurpio 'mel Auy (e) :SUimolloj ay jo suosgai Aq aSrwrp io ssol isuiuVr ainsui iou saop Aailod sly] AD110d SIM JO 30MA03 Mi WOM SNOisnn 3 'c joaiaq suo - rindias pur suoiirpuoa ayj jo n He of iaafgns 'Aiileivawwisul io Aaua& 'painsul yms jo cone; ui aaioj ui anwivoi Ilrys Airlod sryi 'joaiagi acrd Ave io ' Ailod sryi Aq paianol agu2uow r Aq pamias ssaupaiaq}apui ayi Sui - aalueurn$ io Ifuiinsui Awrirn8 io iiriluo7 aiurmsul or jo aouonbasuoa a se 'joaiayi lied Aur io `isaiaiw io alrusa pigs sannbir 'Iilrauawniasur io, ,buage leiapaj r ;i io '}oaiagj lied Am io 'ssaupaigapw pigs jo UO1I3rjS1IES UT ]aumu; lr9al ]ag1O io 'ales s aaasnii 'amsopaioj Aq 'joaiaga lied Aur io ']Saialui Io aielsa pies s3imb3g g aln -pagiS yr pagiiisap a8r84.xow a Aq painoas ssaupaigapu ai14 jo iaumo painsul up ji 31111 d0 NOI11sinow a31dV siWN39 'Z -joaiay suoisinoid aya w asimiayio iiafgns 'IOU Jo Uraiaq pamsui up sr paweu iayjaym oaiagi lied Am io 'ssaupaigapvl pies ulaawrienS io Suunsui Aweirns io avgii -uoi aaurinsui or Iapun iolugirns io iams -ul Up sr yxym AulpiUawniuui io Awa9e leiapa] .Ug (£) Par 'SSQUPOIgapUT pigs jo UOniejS1leS ul iaUUrw ie9al iayuo TO 'ales saaiswj 'ainsopaioj Aq bilod siyi ui of paiiajai isaia7ul io aaeisa aya saimbae oym Iaumo vans Avr (Z) 'ssaupajgipul yans jo dlysiaumo ui isaiaiw ul iossaiins qua (1) aPUPUT. llugs painsul aqi 'V alnpayoS ur painsul lie- se pawru si g alnpayaS ui umoys aMijow a Aq pamias ssaupiigap -TIT aya jo Iaumo aqi P pur `painsul se pauigu saiurd io Aired aya :,,pamsui„ (j) pur'ivawniisur Aiiimaas iagao io 'paap isnii 'aswa jo p3ap `a9allow :, a9e9now„ (a) 'airp anniajja aql :,aaep„ (p) :spioiai .lgnd Aur jo uosrai Aq painsul ay w paindwi aq Arw yxym aanou io aSpalmovil anrlinnsuoa IOU 'a9palmouil Irnpr : "a9polmoull,• (�) 'purl pigs of Su14rlai siaajgw ;o axjOU anginiasuoi lirdwi yiigm spioaai asoyl „spiooai xlgnd„ (q) .Aiiadoid pw aamnsuol mil Aq y3,iym waiayi paxijje sivawaAwdwi pur 7 alnpayis UT 'aluaiajal Aq io Alle oypads 'pagplsap purl aya :..purl.. (r) :Draw bilod siyi ui pasn uagm swan Suimolloj ay,I, SWa31 40 NOWNI13a 'L SN011V'IfIdI1S QNd SNOI,LIQNOD 96101- CFF -VH� ti TO 1012 -1 AB c S',d'dcwd°c�,�'Policy°`,'sa3 SCHEDULE A Premium $136. 50 Effective Amount $ 19,800.00 Date JANUARY 19, 1970 AT 8:01 A . M . Policy No. 96101 I N S U R E D THE CITY OF SAN LUIS OBISPO, A MUNICIPAL CORPORATION 1. Title to the estate or interest covered by this policy at the date hereof is vested in: THE CITY OF SAN LUIS OBISPO, A MUNICIPAL CORPORATION. 2. The estate or interest in the land described or referred to in Schedule C covered by this policy is a fee. SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes of assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could he ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by the public records 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. TO 1014 -1B Cant. C CaBfernla Land Title Aswdcflan Standard Caveraae Policy -1963 09 96101 -CFF SCHEDULE B PART II (Continued) •1. GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR THE FISCAL YEAR 1969 -1970 SECOND INSTALLMENT $148.57. 96101 -CFF 10 1012-1-1056-1 C oc C Affarican i Iwo Loan Power iomco vm—im Collfon,la tm,d Title Iwoelatlon SCHEDULE C Standard Coverage Pollcy -1963 The land referred to in this policy is described as follows: THAT PORTION OF LOT 7 -8 IN BLOCK 8 OF A MAP OF PARTS OF THE CITY OF SAN LUIS OBISPO, OWNED BY A. MURRAY, IN THE CITY OF SAN LUIS OBISPO, COUNTY OF SAN LUIS OBISPO, STATE OF CALIFORNIA, AS PER MAP FILED IN BOOK A, PAGE 145 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, INCLUDED WITHIN THE FOLLOWING DESCRIBED LINES: BEGINNING AT THE MOST SOUTHERLY CORNER OF SAID BLOCK 8; THENCE NORTHEASTERLY ALONG THE SOUTHEASTERLY LINE OF SAID BLOCK, A DISTANCE 54 FEET; THENCE NORTHWESTERLY, PARALLEL WITH SAID BLOCK, A DISTANCE OF 112 FEET; THENCE SOUTHWESTERLY, PARALLEL WITH SAID BLOCK, A DISTANCE OF 54 FEET TO SAID BLOCK 8; THE SOUTHWESTERLY LINE OF THE SOUTHEASTERLY LINE OF THE SOUTHWESTERLY LINE OF THENCE SOUTHEASTERLY ALONG SAID SOUTHWESTERLY LINE 112 FEET TO THE POINT OF BEGINNING. INDORSEMENT ATTACHED TO POLICY NO. 9 6 10 1 ISSUED BY Title Insurance and Trust Company The following exclusion from coverage under this policy is added to Paragraph 3 of the Conditions and Stipulations: "Consumer credit protection, truth in lending or similar law." The total liability of the Company under said policy and any indorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated under the conditions and stipulations thereof to pay. This indorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. PNGE AND i J�o °•ME Is PRA •• '' e �,� accca T • CO �I, •Z / \ 4HGELES,CP Title Insurance and Trust Company SECRETARY CLTA 107.8 (4 -10 -69) (8 -69) ' ALTA OR STANDARD COVERAGE INDORSEMENT ATTACHED TO POLICY NO. 9 6 10 1 ISSUED BY Title Insurance and Trust Company The following exclusion from coverage under this policy is added to Paragraph 3 of the Conditions and Stipulations: "Consumer credit protection, truth in lending or similar law." The total liability of the Company under said policy and any indorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated under the conditions and stipulations thereof to pay. This indorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. PNGE AND i J�o °•ME Is PRA •• '' e �,� accca T • CO �I, •Z / \ 4HGELES,CP Title Insurance and Trust Company SECRETARY OuuOW 11u' N l) in? O i Z O U W O ^y O' . L O to N V 1 N IL M a W W N P) N Q N O f= x W W A 1S ru Q T W ' z M,6[.1C'M f,6.' z 3 oHHONO��x 0 N f N m r . r n a[ s ,00. 1°94_ O � N U) w O C � FO i = V r N I - a0 2 _J J ? 0 m � B Y ± — A O n e) n N N N N e 4 T ,0'Obl N Tf/• cc 6 o a w O n C9 y m I — I I I n e _ I 1 N 06 06 tSOPI OS ,00, M,6[.1C'M f,6.' z 3 oHHONO��x 0 N f N m r . N L w V 1°94_ O � N U) w O C � FO i = V r N I - a0 2 M J ? 0 m � B Y ± z p� o O 0 ay Y 2 N N a Q: W O_ S Y r 0 m 0 Q a C W W W n '^ 2 IS OVONS I. 6 b[ L w V 1°94_ O � 2 U w O C m I = V r N aX� os I F 0 ay Y 2 N N a Q: W O_ S Y r 0 m 0 Q a C W W W n '^ 2 IS OVONS I. 6 b[ L w V 1°94_ C 1 w O C m I = V - � M m B Y ± W O _ m O [ N - N n N i N e __________ ,0'Obl OD [•O n a O n C9 Q P m � I N am N N or os w'o. � m IImI • S I m OS 601 �(5' '� 2H OL x N 'a f N N !II '3. S.fC6 OL as OWOdIN s ro r OR F r N e, r- W W F — z o Of r 6 b[ 0► 00 1 1 m I - � M m B IUD m h O N e ______.Tt__ ,0'Obl I N N on or os w'o. x N 'a f N N !II '3. S.fC6 OL as OWOdIN s ro r OR F r N e, r- W W F — z o Of r � r CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) the full amount of this policy, together with all costs, attorneys' fees and expenses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given to the Com- pany by the Insured, the Company offers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon payment of the purchase price. 7. PAYMENT OF LOSS (a) The liability of the Company under this policy shall in no case exceed, in all, the actual loss of the Insured and costs and attorneys' fees which the Company may be obligated hereunder to pay. (b) The Company will pay, in addition to any loss insured against by this polity, all costs imposed upon the Insured in liti- gation carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by the Insured with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this policy (I) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein removes such defect, lien or encumbrance within a reasonable time after receipt of such notice. or '(2) for liability voluntarily assumed by the Insured in settling any claim or suit without written consent of the Company, or (3) in the event the title is rejected as unmarketable because of a defect, lien or encumbrance not excepted or excluded in this policy, until there has been a final determination by a court of competent juris- diction sustaining such rejection. (d) All payments under this policy, ex- cept payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Com- pany; provided, however, if the owner of an indebtedness secured by a mortgage shown in Schedule B is an Insured herein then such payments shall not reduce pro canto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such payments reduce the amount of the indebtedness secured by such mort- gage. Payment in full by any person or voluntary satisfaction or release by the In- sured of a mortgage covered by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro- vided in paragraph 2 hereof. (e) When liability has been definitely fixed in accordance with the conditions of this polity the loss or damage shall be pay. able within thirty days thereafter. B. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage here. after executed by the Insured which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a pay- ment to the Insured under this policy. The provisions of this paragraph numbered S shall not apply to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unless such Insured acquires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON ,PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this policy, all right of sub- rogation shall vest in the Company un- affected by any act of the Insured, and it shall be subrogated to and be entitled to all rights and remedies which the Insured would have had against any person or prop- erty 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 and remedies in the proportion which said pay- ment bears to the amount of said loss. If loss should result from any act of the In- sured, such act shall not void this .policy, but the Company, in that event, shall be required to pay only that part of any losses insured against hereunder which shall ex. reed the amount, if any, lost to the Com- pany by reason of the impairment of the right of subrogation. The Insured, if re- questtd by the Company, shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right of subrogation, and shall permit the Company to use the name of the Insured in any transaction or litigation involving such rights or remedies. If the Insured is the owner of the in- debtedness secured by a mortgage covered by this polity, such Insured may release or, substitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any col- lateral security for the indebtedness, pro- vided such act does not result in any loss of priority of the lien of the mortgage. 10. POLICY ENTIRE CONTRACT Any action or actions or rights of action that the Insured may have or may bring against the Company arising out of the status of the lien of the mortgage covered by this policy or the tide of the estate qr interest insured herein must be based on the provisions of this policy. - No provision or condition of this policy can be waived or changed except by writing endorsed hereon or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating officer of the Company. 11. NOTICES, WHERE SENT All notices required to be given the Com- pany and any statement in writing required to be furnished the Company shall be ad- dressed to it at the office which issued this policy or to its Home Office, 433 South Spring Street, Los Angeles 54, California. 12. THE PREMIUM .SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. O Title Insurance and Trust Company Title Insurance and Trust Company 1141 CHORRO STREET • P. O. BOX 810 • SAN LUIS OBISPO, CALIFORNIA 93,401 (1905) 543,900 CHARLES F. DORSEY ASSISTANT VICE PRESIDENT AND MANAGER January 19, 1970 City of San Luis Obispo 990 Palm Street San Luis. Obispo, California Re: Escrow No. 96101 -PP Brophy Gentlemen: Your above numbered escrow has been closed in accord - ance with instructions, and we enclose the following: 1. Statement showing receipts and disbursements. 2. Check in the amount of $10.76. You have been credited with $14.86 towards the second half of the 1969 -70 taxes. These taxes are due and payable on or before April 10, 1970. Your policy of Title Insurance will be sent to you in a few days under separate cover. Your deed has been recorded and will be mailed to you from the County Recorder's office within a few days. We thank you for the privilege of serving you in this matter. Very truly yours, Q4� Phy is Ponomaroff Escrow Officer PP:sb Enc. ES S (8 -88) O . ii - i le Insurance and Trust Com an P Y 1141 Chorro Street - P.O. Box 810 -.San Luis Obispo, California 93401 DATE . 1 -19 -70 ORDER NO. 96101 ESCROW OFFICER Ponomaroff ESCROW CLOSING STATEMENT `j r � 'City of San Luis Obispo '990 Palm Street Brophy 'San Luis Obispo, California 93401 L J I T E M S - DEBITS CREDITS SALE /PURCHASE: PRICE 19, 800.00 DEPOSITS 17, 568.80 DEPOSIT RETAINED Paid outs of escrow 19980.00 EXISTING LOAN NEW LOAN 14.86 PRO -RATA - TAXES -INSURANCE - INTEREST - RENTS TITLE INSURANCE POLICY FOR $ ESCROW FEE 48.50 RECONVEYANCE FEE PREPARING DOCUMENTS NOTARY FEE TRANSFER TAX RECORDING: Deed 4.40 TAX COLLECTOR COMMISSION INSURANCE CHECK HEREWITH 10.76 BALANCE DUE TOTALS l9l863.66 190863.66 SAVE FOR INCOME TAX PURPOSES