HomeMy WebLinkAboutD-871 Expand Sewer Farm Property Recorded 09/07/1971MARCH
STORIIETTA S
% CITY OF SLID
CITY HALL
S. L 0 CA 93401
PROPERTY VALVATIO"
ASSES4FO AS OP THE FIRST DAY OF MARCH
PIrOPERTT T.PC PULL CAR" VALUE ASSESSED VALUE
LAND •13260 NET VALUE -3-315-0-
Tug NATO � r ASAEaoEO TO PVLL CAR —VALU(
,.a r "I'l T. Aaar sar D r•NI -.r. T..• ;
SAN LUIS OBISPO COUNTY
CAL IrtAp raY 1, 1971 J,% 30_L972
SECURED TAX STATEMENT
MAKE CHECK PAYABLE TO SHANNON HORN, COUNTY TAX COLLECTOR
NOTE: YOUR CANCELLED CHECK IS YOUR BEST RECEIPT AND PROOF OF PAYMENT.
DETACH STUBS ON RIGHT SIDE AND MAIL WITH YOUR PAYMENT.
IF YOU NEED RECEIPT, CHECK HERE bm
AND FORWARD ENTIRE STATEMENT WITH YOUR PAYMENT.
SEE IMPORTANT INFORMATION ON BACK OF STATEMENT.
MAIL EARLY= -NO STAMPS ACCEPTED - -AVOID PENALTY
Y3�(S3 -0s/-/7
.75 1 - 33-15 -0- I - o - 356-.-3Er
`r ®� El -14,111111111
6% PEN. yzg-�- f 6% PEN.
� $3. COST
TOTAL TOTAL
FIRST SECOND
DEIINQUENTAFTERSPNDrf IQ DELINQUENT AFTER S PY APR.
DATE PAID DATE PAID.
6% PEN.
3�&
$3. COST
TOTAL
TOTAL
87/
IMPORTANT INFORMATION 4
I. Instructions for making payme..,:
A. One or more bills may be paid by one remittance for the exact amount of total being paid.
B. If it is imperative for more than one personal check to be tendered in payment of a bill, said checks must
be certified. Second party checks not acceptable.
C. DO NOT make one remittance covering current taxes for this fiscal year and delinquent taxes for prior
years. (SEPARATE CHECKS REQUIRED).
D. If payment is made by bank check, draft, or money order, this receipt is null and void if some is not
honored and paid.
II. General Information:
A. Address changes: Please notify this office by entering your new address on the stub at left when mak-
ing your payment.
B. If you no longer own this property: Print new owner's name and address on the stub at left and for-
ward to new owner or return entire bill to Tax Collector immediately.
C. Payment on wrong parcel: Tax Collector is not responsible for payment on wrong parcel. Verify from
your records that this parcel number is correct; contact the Assessor for parcel information.
D. Taxpayer's responsibility: It is the Taxpayer's responsibility to obtain a tax bill for each of his parcels.
He is liable for the taxes even if he does not receive a bill.
E. One statement only mailed for "this fiscal year. If you have not received a bill on one of your properties
by November 10th, call the County Tax Collector's Office (Area Code 805 - 543 -1550 Ext. 261) or mail
request by certified mail.
F. Taxes are levied under the name of the owner on record at 12:01 a.m. on the first day of March. No
transfers are made on the Assessment Rolls after this date until following year.
G. Taxes are delinquent as follows: 1 st installment is delinquent December 10th, 5 p.m. then 6% penalty
added. 2nd installment is delinquent April 10th, 5 p.m. then 6% penalty added plus $3.00 costs on
each parcel. If December 10th or April 10th falls on a Saturday, Sunday, or holiday, the time of delin-
quency is 5 p.m. on the following business day.
H. "Sold to the State" entered on the tax statement is an indication of delinquent taxes for a previous year.
If taxes are unpaid, it will be necessary, as provided by law, to pay: (a) Delinquent penalties, (b) Costs,
(c) Redemption penalties, (d) Redemption fees. (Section 2611 R &T Code) Estimate for redemption of de-
linquent taxes will be furnished by this office.
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Doc- No. 25140
OFFICIAL RECORM
N LUIS OBISPO CO., CALIF.
WILLIAM E. ZIMARIK,
COUNTY RECORDER
S EP 1 01971
IN&3 to P. yn.
03447110c 600001 iw
o34471N1Ar 6000181 TAX
03447018E B00 ST
'ftftl
MMPARW.
.- SPACE. AEIOVE THIS.LINE.,FOR RECORDER'S USE
Documentary transfer tax 8.._ 1845 ............. ___ ..........
® Computed on full value of property conveyed. or
❑ Computed on full value less liens & encumbrances
re ma. ing ereo a time of sale.
............. . Sec. Title Ins. Co.
........................................
Signature of declarant or agent determining tax - firm name
❑ Unincorporated area City of._S"..LAiB...Obispo
Corporation Grant Deed I AFFIX I.R.S. 5......
THIS FORM FURNISHED BY SECURITY TITLE INSURANCE COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
X LYNNE DEVELOPMENT, INC.,
a corporation organized under the laws of the State of
hereby GRANT(S) to CITY OF SAN LUIS OBISPO
the following described real property in the City Of San Luis Obispo
county of San Luis Obispo , state of California:
That portion of Lot 17 of the San Luis Obispo Suburban Tract, in the
City of San Luis Obispo, being Parcel 3 as shown on Parcel Map Co.
SLO -71 -178 recorded September 8, 1971, in Book 6, at page 70 of
Parcel Maps.
Reserving unto the grantor herein an easement for sewer line 10 feet in
width along the Northwesterly boundary of the herein described property.
Dated September 8, 1971 LYNNE
By:
STATE OF CALIFORNIA
COUNTY OF San Luis Obispo } SS.
On September 8. 1971 ) before me,
the undersigned, a Notary Public in and for said County and State.
personally appeared Ronald L. Beazer
known to me to be the — President, and
of the corporation that executed the
within Instrument, known to me to be the persons who executed the
within Instrument on behalf of the corporation therein named, and
acknowledged to me that such corporation executed the within
instrument pursuant to its by -laws or a resolution of its board of
directors.` /}Q�° �7
Signature -� `�sC^s --�
Name (Typed or Printed)
Notary Public in and for said County and State
Title Order N
,utultfrrr,.ty
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FOR NOTARY SEAL OR STAMP
DORIS M. EECRHOUT
" "" y PU""
SAN LUIS 091SP3 CM11TY i
CA11FORMA
My Commisslon Expires June 2, 1974
L-2 (G.S.) (Rev. 5 -67)(8 pt) MAIL TAX STATEMENTS AS DIRECTED ABOVE
to
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RECORDING REQUESTED B"
Security Title Insurance Compsa;y
AND WHEN RECORDED MAIL TO
NAME
City of San Luis Obispo
AoDRESS
City AalI
STAEL
San Luis Obispo, Ca. 93401
MAIL TAX STATEMENTS TO
NAME
AcoREss
See above
CITY &
STATE I
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Doc- No. 25140
OFFICIAL RECORM
N LUIS OBISPO CO., CALIF.
WILLIAM E. ZIMARIK,
COUNTY RECORDER
S EP 1 01971
IN&3 to P. yn.
03447110c 600001 iw
o34471N1Ar 6000181 TAX
03447018E B00 ST
'ftftl
MMPARW.
.- SPACE. AEIOVE THIS.LINE.,FOR RECORDER'S USE
Documentary transfer tax 8.._ 1845 ............. ___ ..........
® Computed on full value of property conveyed. or
❑ Computed on full value less liens & encumbrances
re ma. ing ereo a time of sale.
............. . Sec. Title Ins. Co.
........................................
Signature of declarant or agent determining tax - firm name
❑ Unincorporated area City of._S"..LAiB...Obispo
Corporation Grant Deed I AFFIX I.R.S. 5......
THIS FORM FURNISHED BY SECURITY TITLE INSURANCE COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
X LYNNE DEVELOPMENT, INC.,
a corporation organized under the laws of the State of
hereby GRANT(S) to CITY OF SAN LUIS OBISPO
the following described real property in the City Of San Luis Obispo
county of San Luis Obispo , state of California:
That portion of Lot 17 of the San Luis Obispo Suburban Tract, in the
City of San Luis Obispo, being Parcel 3 as shown on Parcel Map Co.
SLO -71 -178 recorded September 8, 1971, in Book 6, at page 70 of
Parcel Maps.
Reserving unto the grantor herein an easement for sewer line 10 feet in
width along the Northwesterly boundary of the herein described property.
Dated September 8, 1971 LYNNE
By:
STATE OF CALIFORNIA
COUNTY OF San Luis Obispo } SS.
On September 8. 1971 ) before me,
the undersigned, a Notary Public in and for said County and State.
personally appeared Ronald L. Beazer
known to me to be the — President, and
of the corporation that executed the
within Instrument, known to me to be the persons who executed the
within Instrument on behalf of the corporation therein named, and
acknowledged to me that such corporation executed the within
instrument pursuant to its by -laws or a resolution of its board of
directors.` /}Q�° �7
Signature -� `�sC^s --�
Name (Typed or Printed)
Notary Public in and for said County and State
Title Order N
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FOR NOTARY SEAL OR STAMP
DORIS M. EECRHOUT
" "" y PU""
SAN LUIS 091SP3 CM11TY i
CA11FORMA
My Commisslon Expires June 2, 1974
L-2 (G.S.) (Rev. 5 -67)(8 pt) MAIL TAX STATEMENTS AS DIRECTED ABOVE
to
CA
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CERTIFICATE OF ACCEPTANCE
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THIS IS TO CERTIFY that the interest in real property conveyed
by the Grant Deed dated September 8. 1971
4*., from l nne Development, Inc.
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 May 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: September 10, 1971
ATTEST l'N- %
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SAN LUIS OBISPO
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END If DOCUMENT ,:1631' nc 5?4
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,. _3ECURITY TITLE--,.
INSURANCE COMPANY
86CU P.O:° -Box 1145 San Luis Obispo OFFICE
nn.e
City of San Luis Obispo '
San Luis Obispo, Ca. 93401
•
The above matter has now been completed and we enclose the following:
$$ Escrow Statement
XX Statement showing balance due of L5.50
❑ Check in the amount of $
❑ Copy of Letter of Transmittal on Fire Insurance
Policy of Tide Insurance
❑ Trust Deed Note
Date September 13, 1971
Re: Escrow No. 90012 -de,.
Any recorded papers to which you are entitled will be mailed to you from the County Recorders Office.
IF YOU.ARE PURCHASING THE PROPERTY INVOLVED IN THIS TRANSACTION, AND THE PROPERTY
WAS PURCHASED SUBJECT TO ANY TAXES, THEY SHOULD BE PAID PRIOR TO DELINQUENCY TO.
AVOID ANY PENALTIES WHICH MIGHT ACCRUE.
We appreciate having 'been favored with this business. We trust that we may again have the pleasure of serving you, and will be.
.pleased to have you indicate this office as your preference in future transactions of this nature.
Very truly yours,
SECURITY TITLE
INSURANCE COMMPiA�NY.
By
Doris M. Eeckhout,
Escrow Officer
b1r.
E -77
(G.S.) 4 -66
SECU"- ITY TITLE INSUR/' DICE COMPANY
r secuamr I� ItEAS$ I�'t — AQ EQ$ 2k— SISS 715. CBT� ffi�i i
TITLt8
Please Detach and Return This Portion With Your Remittance DATE 13, 1WI
F PROPERTY DESCRIPTION:
city of am Lu2B adgwo
B= Luis =00p Ca. 934U i�oaUM or LGt37
Sm Luis Mao Sum Mr
L J
Our Order No. 9=—do Account No. Amount Due
- - --- -- ------------ - ----- - ---- —
Our Order No. d'RIR1OJt.+ Your No. ote
ODE
POLICY OF WILE INSURANCE
Owners or Joint Protection . . , . . . • . . . . . . . . . . . . .
ALTA. .................. ........
Indorsement No. . . . . . . ,
1 Sub.
OTHER FEES:
Escrow Fee . , > , . . . . . . . .
Recon Fee . . . . . . . . . . . . . . . . . . . . > .
Drawing Fee , . , , , . . . . .
.................. „ .
MONEY ADVANCED:
Recording Fee ................
Recording Trust Deed ..,,..., >,, < >.,., ...,
Recording Recon . . . . . . . > . . . . . . . . > . , „ . . . . . ..
Transfer Tax . , . . - . .
Taxes Paid . . , . . . . . „ . . . . . . . . . . . . . . . . . .
............... >
. . - . . . . . . . . . . . . . , 50 Sub.
PAY
OS-1 -8 (G.S) 11-68 SECURITY TITLE INSURANCE COMPANY
CREDIT
45.50
p <r, .'.l; ;�i :e5:+r�1 :. -_4; lili -� 1 :+�••i, pfd �i`lt:iLt:_
SECURITY TITLE INSURANCE COMPANY
96CYFIrrY
STATEMENT OF ESCROW NO. y0012_de OFFICE San Luis Obispo .
TO CITY OF SAN LUIS OBISPO DATE September 10; 1971
PROPERTY: Portion Lot 17 San Luis Obispo Suburban Tract CHARGES CREDI_TS .
CONSIDERATION OR SALES PRICE - $ 6; $
Paid outside of Escrow
Deposits 16,116.00
By First Trust Deed
By Second Trust Deed
PRO- RATIONS MADE AS OF -
WON FAM TO
of TrrLE INs
fer Tax Stami
our
TOTALS II $ 16,1-61--50
E -312 (GS)
i
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WrnUo
CLTA -1968 STANDARD COVERAGE
AMENDED 1969
POLICY OF TITLE INSURANCE
issued by
SECURITY TITLE INSURANCE COMPANY
Security Title Insurance 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 consol-
idation, 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 A, 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 policy; 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;
all subject, however, to the provisions of Schedules A and B and to the Conditions and Stipulations
hereto annexed.
In Witness Whereof, Security Title Insurance Company has caused its corporate name and seal to be
hereunto affixed by its duly authorized officers on the date shown in Schedule A.
P -218 (G.S.) ps.rse riai.rrn eoewn m rare.. rna�Y a.n..
An Authorized Signatur
President
(Aogod s!gy jo asua ise-I no papnlouo:) pun panunuo:) suolielndnS pug Sent tpuo:))
tanau q1A •asodand vans toj pa.msul aqi
jo aging aq; 'uo!ido sit ie 'asn of it i!w
-tad pug 'u!aiatli sluadde lie pue '2u!paaa
-oad to notion Eons m asuajap apinoid
to ainoasoid os of ig2ri ayi it of aimas
lleys pamsuj ay '2uipaaaoid ao uonon
Sue jo asualap aqi aoj apteoid io airtoa
-load of Suedwog ay saatnbai in sl!waad
Aagod stye aiaym sasua Ile uI (p)
•Aallod Sty jo uols sold
Aug amem to Sitlrt[u[l apaauoa Sgatayi
IOU llrgs pug tapunaaayi ilquq aq llnys
1, ion to ia4iaym Aagod Sty jo swiai
ayi iapun uonor almidoidde Sun arl
Arm Auedwo:) ay pug :pa.msui se 12e2
-iaow ayi jo uatl ay io isataiur to aieisa
ayi jo alin ay ysyggisa of alquitsap to
.Saessaaau ay Sow uolutdo ,ii ui yalgm ion
tayio Aug op to 2utpaaooad ao uonae Aug
ainaasoad pue aininsui of isoo umo sit In
iy2u ayi aagy lluys Auedwog ay,I, (a)
•aolpnfaid
yans jo luaixa ayi of Sluo gay] pug
ainl!uj Eons Aq paotpnfaid Allemou aq
Iluys Auudwog ay ssalun paansul Ann
J0 wtela ayl aa!pnfaid asua ou ui Ileils
.ijnou of ain[!uj ieyi 'tanamoq 'pap!n
-old :airutwaai pue aseai llegs gamut
ao 2utpaaaoad •uopon yans jo taixew
iiafgns ay of pausal u! Auedwo:) ay jo
Aigtgoi[ Ile uayi 'apti jo Sitlitima jiuwun
pawtule jo uosuai Aq uonaZi gins Sun
jo SuudwoD alp Sjnou Zlidwoid •2untam
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.uI ay jo a2palmoull ayl of awoo llrys
q iqm isu!e2e paansul aoueagwnoua an
nail •iaajop Aug jo Auedwo:) ay Ajnou
.S ;idwoad '2unum u! you hogs paansul ayi
2u
j! in slpea[d in ssaooid jo idlaaaa ayi
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aq iou [[eys aa!iou yans jI •Junum u!
joaaagi Aurdwo:) aqi Ajnou Ileys paansul
ay - alyuiai[iewun so palaafaa si isaial
-ut to aieisa pigs of apil ayi ivana Eons
Aue w pue asuyaand of sasnjai Aogod
s!yi Aq paaanoa a2e2xa01M..e iapun ales
ainsoloaaoj a in iapp!g lnjssaoons ay
J! to 'awes ayi a2e21tow to asual [Jas oa
Siauaiuoa ao saseal yi!gj pool w pamsuj
uu j! 'to •Aallod s!yl Aq paia. +oo a2e2
-vow r Aq paanaas ssaupaigapui ay [[as of
ioviitioa ynnj pool u! Iluys pamsuj aqi j!
io 'Aogod styi jo anul.i Sq algeq aq Auw
to lJuys AuodwoD ayi yolym toj a2euiep
ao ssol asneo iyd!w ya!ym in •paansul so
afthiow ay jo earl ao isaaaim to aloisa
ay )o apq aqi of asaanpe s! 4 3.4m ]saial
-u! ao . alill jo sungl6 Aug jo pamstil ay
of awoa tlrgs 02palmou3l OSgo u! io 'pasod
-aaiu! asuajap 'to 'un2aq aq lIugs'2urpaao
-oad io uonae gins Sue asua uI (q)
JJoSat isel jo imoo ay u! tiopeu!
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pug 'Sogod Sup Aq isule2e painsm aausiq
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papunoj s! sntana vans jo .Sue ut uonae
ao u011e2lil ga!ym 'painsui se o2u2Paow
ay jo uag ayi to isaaaiut to aieisa ay jo
ails aqi gsllquisa of airudoiddo aq dew
se gonon yans aoj (Z) 10 !pun[ pigs uf
isataiw io ainisa ay jo ales a ao Ao!lod
STEP Aq paianoo ssaupaigapui pun a2g21-tow
agi jo ales io aansoloaaoj a isuru2g pasod
-aaim suonounfui io 'siapio 2gTUlealsaa
'sasuajap to 'paansul ay isui0r paauao
-woo Oulpaimid io suonae jo 2unsisuoo
uo!is2!1y lie u. paansul ay jo isuajap ay
tol (j) ap!noad Ileys Aelap anpun inoyi!M
pue isoo umo SIT ie 'Augdwoj atij, (u)
pamsuj aqi Aq
uaelf) aq o1 uarel:) jo aalioAl - suors
-ay ,jo uonnaasoad pue asuajaQ -p
•mel tupuris in 2uipual u! yinai„
'•.uolioaioad i!paao aawnsuoo„ Aud (j)
•a2palmou3j inoyirm
on[en ioj taoueigwnoua io aasuyaand g
atam paansul ay j! pau!eisns uaaq aneq
IOU pinom go!gm a2ewgp to sso I (a)
•joatay alrp ay of luanbasgns pawato
to 2u bole (p) to :iumuli:lz) paansul
ayl of ssol ou ui 2upInsai (g) io : Aallod
still jo aiep ay of loud Auodwog alp of
apew uaaq angy llegs paansul ayi Aq 2u!
-ltam of joatatli ainsolasip ssalun 'spaooai
o!lgnd ay Aq umoys ion pue Aallod Sty Aq
paansul isaaaiur to aieisa an paiinbae Pug
-to!aIg paansul qans amp atp in to Aagod
spit jo glop aqi in iayna mewlelD paansuj
ayi 01 gmouil (Z) to :02eump to ssoj 2u!
-wlglo paansul ay Aq of pagan io pawns
-so 'paiagns 'paxeato (l) wallow 16410
to paansul so apti ayi ISUIB2e SgiTelo QS19A
-pu •saousigwnaua •suaTl S)DOMI (p)
•u!atay papnlaxa to paldoo
-xa astmaaylo ssalun 'sAemy9!4 io siaans
Bons jo auo of Smog aoj saaumo 2upinyr
jo siy2u Ateulpio ay sainsui Sot[od sty
s6emy2ly io siawis uado SIIea!sAyd aiow
io auo uodn sinqu pool ayl j! iuyi idaoxa
'paansul lag sivawasua io siy2u 'Aitadoid
Eons xugi sap!noid • Alltrogloads Aogod
sry ssalun watayl sivawasua in siy2u Ann
10 :ivawanoidwi io aanionais taglo Aug
.to sdwga 'slauum 'silnmi waiayl uiviu!ew
of iy2u ayi io 'sinqu pusl Eons yolgm
uo slumiaitim 10 sAum `sauel 'sanuanr
'speoa 'siaails of ap!1 ao •d alnpayaS
u! paquosap Alssaidxa pool .ayi to sauq
ay puoAaq QiDdoid Sun o1 01iij, (o)
joaiaq aiep ay In spaooaa ot[gnd ay
U1 sagaddit siy2u yans jo astaiaxa ay jo
aanou ssalun .uTgwop luaulwa io tamod
aa!Iod jo 911[511 Ieigawtuan0�) (q)
-pug[ jo [aoind
io Pol Aug jo eats ao suo!suato!p ayi ut
uo!ionpaa a to dlgsaaumo ui uonutodas g
2unlg!goad to 'purl pigs uo paiaata aaije
-ataq to moo luawaeoidto! Aug jo uo!1e301
to 'suo!suaw!p 'tamiutio agi 2ulisln2aa ao
'pug) ay jo ivautAofua ao asn 'Aougdnoao
ayi 2uiz!q!yoad to 2uneln2aa ao 2ullolaisai
(saaueu!pao 2uluoz pun 2u!plmq of pa1T
gig ion inq 2u!pnlm) uoneln2ai Inluaw
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P -218 -A (G.S.) Rev. _
California Land Title Association
Standard Coverage Policy Form {
Copyright 1963
M170
SCHEDULE A
Effective Amount of liability: $ 16,116.00
Date: September 10, 1971 at 3 :10 p.m.
INSURED
CITY OF SAN LUIS OBISPO
Policy No: 90012 —SLO
Premium $ 203.00 (A -5)
1. The estate or interest in the land described or referred to in this schedule covered by this policy is:
A fee.
2. Title to the estate or interest covered by this policy at the date hereof is vested in:
CITY OF SAN LUIS OBISPO
3. The land referred to in this policy is situated in the State of California, County of San Luis Obispo
and is described as follows:
That portion of Lot 17 of the San Luis Obispo Suburban Tract,
in'the City of San Luis Obispo, being Parcel 3 as shown on
Parcel Map Co. SLO -71 -178 recorded September 8, 1971, in Book 6,
at page 70 of Parcel Maps.
P- 216-B. (G.S.)
California Land Title Association
Standard Coverage Policy Form
Copyright 1963
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 or assessments on real property or by the public: records:
2: Any facts, rights, interests, or claims which are not sho% %n by the public records but -which could -be ascertained
by an inspection of said land or by making inquiryr of persons in possession thereof.
3. Easements,. claims of easement or encumbrances which are noLshowri 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.
PART H
1. General and special taxes for the fiscal year.1971 -72, now a
lien, but not yet due and payable.
2. An easement as reserved in deed;
Recorded : September 10, 1971, under Recorder's
Series No. 25140
Executed by : Lynne Development, Inc:
Affects : Northwesterly 10 feet
Purpose stated : Sewer line.
nna ruwl w InstmtU AS A - MATTER OF.INFORM'ATION"AWLY, AND WHILE THE SAME
IS COMPILED FROM INFORMATION WHICH WE BELIEVE TO BE CORRECT, NO LIABILITY
IS ASSUMED BY T COMPANY AS TO THE CORRECTNESS OF SAID :MATION."
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CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
requested by the Company the Insured
shall give the Company all reasonable
aid in any such action or proceeding, in
effecting settlement, securing evidence,
obtaining witnesses, or prosecuting or de-
fending such action or proceeding, and
the Company shall reimburse the Insured
for any expense so incurred.
S. Notice of Loss - Limitation of
Action
In addition to the notices required under
paragraph 4(b), a statement in writing
of any loss or damage for which it is
claimed the Company is liable under this
policy shall be furnished to the Company
within sixty days after such loss or dam-
age shall have been determined and no
right of action shall accrue to the Insured
under this policy until thirty days after
such statement shall have been furnished
and no recovery shall be had by the In-
sured under this policy unless action shall
be commenced thereon within five years
after expiration of said thirty day period.
Failure to furnish such statement of loss
or damage, or to commence such action
within the time hereinbefore specified,
shall be a conclusive bar against main.
tenance by the Insured of any action
under this policy.
6. Option to Pay, Settle or Compro.
mise Claims
The Company shall have the . option to
pay or settle or compromise for or in the
name of the Insured any claim insured
against or to pay the full amount of this
policy, or, in case loss is claimed under
this policy by the owner of the indebted-
ness secured by a mortgage covered by
this policy, the Company shall have the
option to purchase said indebtedness; such
purchase, payment or tender of payment
of the full amount of this policy, together
with all costs, attorneys' fees and ex-
penses 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 Company by the Insured, the
Company offers to purchase said indebt-
edness, 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 Com-
pany may be obligated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against by this policy,
all costs imposed upon the Insured in
litigation carried on by the Company for
the Insured, and all costs and attorneys'
fees in litigation carried on by the Insured
P -218 (G.S.)
with the written authorization of the
Company.
(c) No claim for damages shall arise
or be maintainable under this policy (1)
if the Company, after having received
notice of an alleged defect, lien or encum-
brance not excepted or excluded here.
in removes such defect, lien or encum-
brance 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 jurisdiction sus-
taining such rejection.
(d) All payments under this policy,
except payments made for costs, attorneys'
fees and expenses, shall reduce the amount
of the insurance pro Canto 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 destruc-
tion shall be furnished to the satisfaction
of the Company; 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 tanto the amount of the
insurance afforded hereunder as to uch
Insured, except -to the extent that such .
payments reduce the amount of the in-
debtedness secured by such mortgage.
Payment in full by any person or voluntary
satisfaction or release by the Insured 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 policy the loss or damage shall be
payable 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 payment to the Insured under this policy.
The provisions of this paragraph num-
bered 8 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 indebt-
edness or any part thereof.
9. Subrogation upon Payment or
Settlement
Whenever the Company shall have
settled a claim under this policy, all right
of subrogation shall vest in the Company
unaffected 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 property in respect to such claim had
.this policy not been issued. If the pay.
ment does not cover' the loss of the In-
sured, the'Company shall be subrogated to
such rights and remedies in the proportion
which said payment bears to the amount
of said loss. If loss should result from
any act of the Insured, 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 exceed the amount,
if any, lost to the Company by reason of
the impairment of the right of subrogation.
The Insured, if requested by the Company,
shall transfer to the Company all rights
and remedies against. any person or prop-
erty 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 policy, such Insured may release
or substitute the personal liability of any
debtor or guarantor, or extend or other-
wise modify the terms of payment, or
release a portion of the estate or interest
from the lien of the mortgage, or release
any collateral security for the indebted-
ness, provided 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 -title of the estate or
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 here-
to signed by the. President, a Vice Pres-
ident, the Secretary, an Assistant Secre-
tary or other validating officer of the Com-
pany.
11. Notices, Where Sent
All notices required to be given the
Company and any statement in writing
required to be furnished the Company
shall he addressed to it at the office which
issued this policy or to its Home Office.
13640 Roscoe Boulevard, Panorama City.
California 91409.
12. THE PREMIUM SPECIFIED IN
SCHEDULE A IS THE ENTIRE
CHARGE FOR TITLE SEARCH,
TITLE EXAMINATION AND TITLE
INSURANCE.