HomeMy WebLinkAboutD2023-G 1166 Higuera Street APN 002-436-022''-.\
ORIGIN,.L DOCUIVIENT
**Tl" pcument was electronically submitted
to Sa., euis Obispo County for recording**
2023037675
Elaina Cano
San Luis Obispo - County Clerk-Recorder
1212112023 08:06 AM
Recorded at the request of:
FNT SANTA MARIA ESCROW COST
Titles: '1 Pages: 5
I
RECORDING REQUESTED BY:
Fidelity National Title Company
Escrow No.: FSLC-O15230131 1
When Recorded MailTo:
City of San Luis Obispo, a Municipal Corporation
Attn: Finance Director
990 Palm Street
San Luis Obispo, CA 93401
APN/Parcel lD(s): 002-436-022
Recording Oocument Covor Page
SCAO000079.doc / Updated: 04.05.23
Fees: $0.00Taxes: $0.00
Total: $0.00
PCOR FEE PAID
SP
The undersigned declares exemption under the following:
rh e docume nt is executed "' ;fi i[:i .'J#; :r:T HJfillil;i^iil? iii [,il]i,:
Printed: 12.'l 1.23 @ 04:54 PM
cA-FT.FSLC-o1 500.0730 1 5-FSLC-o1 52301 3 1 1
GRANT DEED
THIS PAGE ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION
(Additional recording fee applies)
Page 1
Dzoa-O
RECORDING REQUESTED BY:
Fidelity National Title Company
WHEN RECORDED MAIL DOCUMENT
TOGETHERWITH TAX STATEMENTS TO
City of San Luis Obispo
Attn: Finance Director
990 Palm Street
San Luis Obispo, CA 93401
APN: 002-436-022 Space Above This Line For Recorder's Use
GRANT DEED
Exempt from recording fees pursuant to Government Code Section 27383.
DOCUMENTARY TRANSF'ER TAX: $0.00. This conveyance transfers an interest in real property to a tax-exempt
public entity, whose written acceptance of said interest appears herewith. R&T Code S I 1922.
Computed on the consideration or value of property conveyed; OR
Computed on the consideration or value less liens or encumbrances remaining at time of sale.
Unincorporated area; X City of San Luis Obispo, and
BUILDING JOBS AND HOME ACT FEE $0.00. This conveyance is exempt from fee pursuant to GC
027388.1(aX2XP).
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, 1166 HIGUERA
STREET, LLC, a California limited tiability company,
hereby GRANTS to GITY oF sAN LUIS oBrsPo, a Municipal corporation,
the following described property in the City of San Luis Obispo, County of San Luis Obispo, State of
California, commonly referred to as I166 Higuera Street, San Luis Obispo, CA, and more particularly
described as:
SEE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF BY THIS
REFERENCE TOGETHER WITH ALL BUILDINGS AND IMPROVEMENTS LOCATED
THEREON AND ANY AND ALL IMPROVEMENTS, EASEMENTS, PRIVILEGES AND
RIGHTS APPURTENANT THERETO
THE PROPERTY IS CONVEYED TO GRANTEE SUBJECT TO:
(a) A lien not yet delinquent for taxes for real property and personal property, and
any general or special assessments against the Property; and
(b) All liens, encumbrances, easements, covenants, conditions and restrictions of
record
MAIL TAX STATEMENTS:
As Directed Above
Dated: I 2023
Dated: tZ 2023
STATE OF CALIFORNIA
COUNTY OF SAN LUIS OBISPO
1166 Higuera Street, LLC, aCalifornia
limited liability company
icholas Tompkins, Manager
Tompkins
22
(Notary Seal)
By:
SS
basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the
instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS hand and seal
o"Dzetfur b ,zlz3,before 'n", Nlic0lele A .Gmflfrns , Norary
Public, personally appeared Nicholas Tompkins and Kathleen Toinpkins, who proved to me on the
,c@>^ AICHELE A. TOllPKlNS
ffi''..:i?#3[i,;fit1ilt]'
Wu,,:ffi [illt.l 1ll1'o',',0,,
A or officerother thisnotarypublic verifiescertificate the of individualthecompleting who theonlyidentitysigned
todocument thiswhich 1Scertificate and thenotattached,or thatof document.truthfulness,validity
Exhibit A
Property Legal
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF SAN LUIS OBISPO,
COUNTY OF SAN LUIS OBISPO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:
PARCEL 3 OF LOT LINE ADJUSTMENT SLO AL 19-006I, RECORDED MARCH 24,2021 AS
INSTRUMENT NO. 2021022406IN THE OFFICE OF THE COUNTY RECORDER OF SAN LUIS
OBISPO COLINTY, DESCRIBED AS FOLLOWS:
That real property int he City of San Lus Obispo, County of San Luis Obispo, State of California being a
portion of Block 30 according to the official map of said City filed for record in Book A of Maps at page
46 in the Office of the County Recorder of said County more particularly described as follows:
That portion of Block 30 of the City of San Luis Obispo, and of Block 30 of the Buckley Tract, in the City
of San Luis Obispo, County of San Luis Obispo, State of California, according to the Maps of said city and
said tract, filed in the Office of the County Recorder of said County, described as follows:
Beginning at the point of intersection of the Southwesterly line of Toro Street with the Northwesterly line
of Higuera Street as said street lines existed on February 16, 1946 thence South 53o 40'West along said
line of Higuera Street, 197.85 feet; thence North 36o 19'West, 90 feet; thence North 53o 40'East parallel
with the Northwesterly line of Higuera Street, 189 feet, more or less, to the Southwesterly line of Toro
Street; thence South 42' 58' East along said street line 90 feet, more or less to the True Point of Beginning.
The above-described parcel is intended to reflect that certain deed recorded February 26,1946 in Volume
403 at page I l5 of Official Records of said County.
TOGETHER WITH
That portion of Block 30 of the City of San Luis Obispo and of Block 30 of Buckley Tract, in the City of
San Luis Obispo, County of San Luis Obispo, State of California, according to the Maps of said city and
said tract, filed in the Office of the County Recorder of said County, described as follows:
Beginning at a point on the Westerly line of Toro Street, which bears South 40' 43' East, 137 feet, more or
less, from the Southerly corner of Monterey and Toro Streets, said point also being the North comer of the
property conveyed to Charles J. Russell, by Deed dated April 27, 1889 and recorded May 6, 1889 in Book
4 at page 389 of Deeds; thence South 54o 06' West, along the Northwesterly line of the property so
conveyed, 135.89 feet, more or less, to the East corner of the property conveyed to H.b. Douglas, et ux., by
DeeddatedMarch 4,lg46andrecordedMarch 7,1946 inBook 403atpage21t ofOfficialRecords;thence
North 35" 54' West, along the Northeast line of the property so conveyed, to the South corner of the property
conveyed to Al Teimann, by Deed dated January 26,1950 and recorded January 30, 1950 in Book 550 at
page 135 of Official Records; thence North 54o 06'East, along the Southeast line of the property so
conveyed, l3l.28 feet to the East corner thereof; being a point on the Westerly line of Toro Street; thence
South 40o 43'East, along said Westerly line of Toro Street, to the Point of Beginning.
The above described parcel is intended to reflect that certain deed recorded December lS,lgTl in Volume
1644 at page 716 Official Records of said County
APN:002-436-022
CERTIFICATE OF ACCEPTANCE
(Pursuant to Govt. Code $ 27281)
This is to certifu that the attached Grant Deed, which conveys the real property described therein
to the City of San Luis Obispo, a California municipal corporation, is hereby accepted by the City
of San Luis Obispo pursuant to the authority granted by San Luis Obispo City Council at its
meeting on November 14, 2023, and the City of San Luis Obispo hereby consents to the
recordation thereof.
In Witness Whereof, I have hereunto set my hand this (O aay of beeryq ber ,2023.
CITY OF SAN LUIS OBISPO,
a municipal corporation and charter city
A. Stewart, Mayor
ATTEST:
Teresa Purrington, City
ACKNOWLEDGEMENT
A Notary Public or other fficer completing this certificate verifies only the identity of the individual who signed
the document to which this certificate is sttached and not the truthfulness, accuracy, or validitv of that document.
STATE OF CALIFORNIA
COUNTY OF SAN LUIS OBISPO
On \err*..\"*. eDeS . before me, Megan Wilbanks, Notary Public, personally
appeared EricaA. Stewart, Mayor, CITY OF SAN LUIS OBISPO, who 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 hisftrer/their authorized
capacity(ies), and that by hisftrer/their signature(s) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the instrument.
I certiff under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.
WITNESS my hand and offrcial seal.
)
)
Comm. txpir.s F?b 2024
ME6AII WILBANKS
Notary tublic - Clllfornh
San Luis Obiipo County
Commission ,212?126
, Notary (Official Notary Seal)
.\
)
S. fiOetity National Title Company'22225. Broadway, Suite G
Santa Maria, CA 93454
Phone: (805)922-8331 i Fax: (805)928-7111
City of San Luis Obispo, a Municipal Corporation
Attn: Finance Director, 990 Palm Street
San Luis Obispo, CA 93401
Property:
Enclosed is your Title Policy or Guarantee in connection with the above referenced transaction
Please call us immediately if you have any questions or concerns.
Sincerely,
Date:
Order No.
Buyer(s):
December 29,2023
FSLC-O15230131 l DWL
City of San Luis Obispo, a Municipal
Corporation
1 166 Higuera Street
San Luis Obispo, CA 93401
David W. Long
Title Officer
David.Long@fnf.com
wl
Policy-Guarantee Product Enclosure Letter (Title)
SSCORPD0272.doc / Updated: 04.1 6.21
Ptir.tedi 12.29.23 @ 01:08 PM by WL
cA-FT-FSLC-O1 500.07301 5-FSLC-o'1 52301 3 1 1Page 1
I '-
CLTA STANDARD COVERAGE OWNER'S POLICY OF .I ITLE INSURANCE
Poli Number:
lssued by:
Fidelity Natio.t?j ]ift:
This policy, when issued by the Company with a Policy Number and the Date of Policy, is valid even if this policy
or any endorsement to this policy is issued electronically or lacks any signature.
Any notice of claim and any other notice or statement in writing required to be given to the Gompany under this
policy must be given to the Company at the address shown in Condition 17.
COVERED RISKS
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN
SCHEDULE B, AND THE CONDITIONS, Fidelity National Title lnsurance Company, a Florida corporation (the
"Company"), insures as of the Date of Policy and, to the extent stated in Covered Risks g and 10, after the Date of Policy,
against loss or damage, not exceeding the Amount of lnsurance, sustained or incurred by the lnsured by reason of:
1. The Title being vested other than as stated in Schedule A.
2. Any defect in or lien or encumbrance on the Title. Covered Risk 2 includes, but is not limited to, insurance against loss
from:
a. a defect in the Title caused by:
i. forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation;
ii. the failure of a person or Entity to have authorized a transfer or conveyance;
iii. a document affecting the Title not properly authorized, created, executed, witnessed, sealed, acknowledged,
notarized (including by remote online notarization), or delivered;
iv. a failure to perform those acts necessary to create a document by electronic means authorized by law;
v. a document executed under a falsified, expired, or otherwise invalid power of attorney;
vi. a document not properly filed, recorded, or indexed in the Public Records, including the failure to have
performed those acts by electronic means authorized by law;
vii. a defective judicial or administrative proceeding; or
viii. the repudiation of an electronic signature by a person that executed a document because the electronic
signature on the document was not valid under applicable electronic transactions law.
b. the lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid.
c. the effect on the Title of an encumbrance, violation, variation, adverse circumstance, boundary line overlap, or
encroachment (including an encroachment of an improvement across the boundary lines of the Land), but only if
the encumbrance, violation, variation, adverse circumstance, boundary line overlap, or encroachment would have
been disclosed by an accurate and complete land title survey of the Land.
3. Unmarketable Title.
4. No right of access to and from the Land.
5. A violation or enforcement of a law, ordinance, permit, or governmental regulation (including those relating to building
and zoning), but only to the extent of the violation or enforcement described by the enforcing governmental authority in
an Enforcement Notice that identifies a restriction, regulation, or prohibition relating to:
a. the occupancy, use, or enjoyment of the Land;
b. the character, dimensions, or location of an improvement on the Land;
c. the subdivision of the Land; or
d. environmental remediation or protection on the Land.
6. An enforcement of a governmental forfeiture, police, regulatory, or national security power, but only to the extent of the
enforcement described by the enforcing governmental authority in an Enforcement Notice.
7. An exercise of the power of eminent domain, but only to the extent:
a. of the exercise described in an Enforcement Notice; or
b. the taking occurred and is binding on a purchaser for value without Knowledge.
8. An enforcement of a PACA-PSA Trust, but only to the extent of the enforcement described in an Enforcement Notice.
FSLC-015230131 1
CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 1
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cA----sPS-1 -23-FSLC-o1 52301 31 1
FIDELITY NATIONAL TITLE INSURANCE COMPANY
i
owNERS pOLrCy NO. FSLC-o152301311
L The Title being vested other than as stated in Schedule A, the Title being defective, or the effect of a court order
providing an alternative remedy:
a. resulting from the avoidance, in whole or in part, of any transfer of all or any part of the Title to the Land or any
interest in the Land occurring prior to the transaction vesting the Title because that prior transfer constituted a:
i. fraudulent conveyance, fraudulent transfer, or preferential transfer under federal bankruptcy, state insolvency,
or similar state or federal creditors' rights law; or
ii. voidable transfer under the Uniform Voidable Transactions Act; or
b. because the instrument vesting the Title constitutes a preferential transfer under federal bankruptcy, state
insolvency, or similar state or federal creditors' rights law by reason of the failure:
i. to timely record the instrument vesting the Title in the Public Records after execution and delivery of the
instrument to the lnsured; or
ii. of the recording of the instrument vesting the Title in the Public Records to impart notice of its existence to a
purchaser for value or to a judgment or lien creditor.
10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to the Date of Policy and prior to
the recording of the deed or other instrument vesting the Title in the Public Records.
DEFENSE OF COVERED CLAIMS
The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by
this policy, but only to the extent provided in the Conditions.
Fidelity National Title Insurance Company
By:
Fidelity National Title Company
2222 S. Broadway, Suite G
Santa Maria, CA 93454
Michael J. Nolan, President
Countersigned By:Attest:
frqrt
il***f,e T-"J- C{u rrwox/2y*ry*-
Marjorie Nemzura, Secretary
Authorized Officer or Agent
CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 2
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cA--sPS-1 -23-FSLC-o1 52301 31 1
't
FIDELITY NATIONAL TITLE INSIJRANCE COMPANY owNER'S POLTCY NO. FSLC-o152301311
EXCLUSIONS FROM COVERAGE
The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, costs,
attorneys'fees, or expenses that arise by reason of:
1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that
restricts, regulates, prohibits, or relates to:
i. the occupancy, use, or enjoyment of the Land;
ii. the character, dimensions, or location of any improvement on the Land;
iii. the subdivision of land; or
iv. environmental remediation or protection.
b. any governmental forfeiture, police, regulatory, or national security power.
c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b.
Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6.
2. Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7.
3. Any defect, lien, encumbrance, adverse claim, or other matter:
a. created, suffered, assumed, or agreed to by the lnsured Claimant;
b. not Known to the Company, not recorded in the Public Records at the Date of Policy, but Known to the lnsured
Claimant and not disclosed in writing to the Company by the lnsured Claimant prior to the date the lnsured
Claimant became an lnsured under this policy;
c. resulting in no loss or damage to the lnsured Claimant;
d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage
provided under Covered Risk 9 or 10); or
e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the lnsured
named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy.
4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the
transaction vesting the Title as shown in Schedule A is a:
a. fraudulent conveyance or fraudulent transfer;
b. voidable transfer under the Uniform Voidable Transactions Act; or
c. preferential transfer:
i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a
contemporaneous exchange for new value; or
ii. for any other reason not stated in Covered Risk 9.b.
5. Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8.
6. Any lien on the Title for real estate taxes or assessments, imposed or collected by a governmental authority that
becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage provided under
Covered Risk 2.b.
7. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land.
Policy Title Insurance
Page 3 cA----sPs-1-23-FSLC-O1 52301 31 1
FrDELrry NATT.NAL TrrLE,r",]*or"E coMpANy
1
owNER'S POLTCY NO. FSLC-o1 5230131 1
Transaction ldentification Data, for which the Company assumes no liability as sef forth in Condition 9.d.:
PropertyAddress: 1166 Higuera Street, San Luis Obispo, CA93401
SCHEDULE A
Name and Address of Title lnsurance Company: David W. Long
Fidelity National Title Company
22225. Broadway, Suite G
Santa Maria, CA 93454
Policy Number: FSLC-015230131 1
Date of Policy Amount of lnsurance Premium
December 21,2023 at 08:06 AM $4,720,000.00 $6,141.00
1. The lnsured is:
City of San Luis Obispo, a Municipal Corporation
2. The estate or interest in the Land insured by this policy is:
A Fee
3. The Title is vested in:
City of San Luis Obispo, a Municipal Corporation
4. The Land is described as follows:
SEE EXHIBIT'A'' ATTACHED HERETO AND MADE A PART HEREOF
THIS POLICY VALID ONLY IF SCHEDULE B IS ATTACHED
END OF SCHEDULE A
Printed: 12.29.23 @ 01:10 PMCLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 4 cA---sPS-1-23-FSLC-01 52301 31 1
OWNER'S POLICY NO.
FSLC-0152301311
EXHIBIT "A"
Legal Description
For APN/Parcel lD(s): 002-436-022
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF SAN LUIS OBISPO,
COUNTY OF SAN LUIS OBISPO, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:
THAT REAL PROPERTY IN THE CITY OF SAN LUIS OBISPO, COUNTY OF SAN LUIS OBISPO,
STATE OF CALIFORNIA, BEING A PORTION OF BLOCK 30, ACCORDING TO THE OFFICIAL MAP OF
SAID CITY FILED FOR RECORD IN BOOK A OF MAPS AT PAGE 46 IN THE OFFICE OF THE
COUNTY RECORDER OF SAID COUNTY MORE PARTICULARLY DESCRIBED AS FOLLOWS:
THAT PORTION OF BLOCK 30 OF THE CITY OF SAN LUIS OBISPO, AND OF BLOCK 30 OF THE
BUCKLEY TRACT, IN THE CITY OF SAN LUIS OBISPO, COUNTY OF SAN LUIS OBISPO, STATE OF
CALIFORNIA, ACCORDING TO THE MAPS OF SAID CITY AND SAID TRACT, FILED IN THE OFFICE
OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE POINT OF INTERSECTION OF THE SOUTHWESTERLY LINE OF TORO
STREET WITH THE NORTHWESTERLY LINE OF HIGUERA STREET AS SAID STREET LINES
EXISTED ON FEBRUARY 16, 1946; THENCE SOUTH 53" 40'WEST ALONG SAID LINE OF HIGUERA
STREET, 197.85 FEET; THENCE NORTH 36' 19'WEST, 90 FEET; THENCE NORTH 53" 40'EAST
PARALLEL WITH THE NORTHWESTERLY LINE OF HIGUERA STREET, 189 FEET, MORE OR LESS,
TO THE SOUTHWESTERLY LINE OF TORO STREET; THENCE SOUTH 42' 58'EAST ALONG SAID
STREET LINE 90 FEET, MORE OR LESS TO THE TRUE POINT OF BEGINNING.
THE ABOVE DESCRIBED PARCEL IS INTENDED TO REFLECT THAT CERTAIN DEED RECORDED
FEBRUARY 26,1946IN VOLUME 403 AT PAGE 115 OF OFFICIAL RECORDS OF SAID COUNTY.
TOGETHER WITH
THAT PORTION OF BLOCK 30 OF THE CITY OF SAN LUIS OBISPO AND OF BLOCK 30 OF
BUCKLEY TRACT, IN THE CITY OF SAN LUIS OBISPO, COUNTY OF SAN LUIS OBISPO, STATE OF
CALIFORNIA, ACCORDING TO THE MAPS OF SAID CITY AND SAID TRACT, FILED IN THE OFFICE
OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT ON THE WESTERLY LINE OF TORO STREET, WHICH BEARS SOUTH 40"
43'EAST, 137 FEET, MORE OR LESS, FROM THE SOUTHERLY CORNER OF MONTEREYAND
TORO STREETS, SAID POINT ALSO BEING THE NORTH CORNER OF THE PROPERTY CONVEYED
TO CHARLES J. RUSSELL, BE DEED DATED APRIL 27,1889 AND RECORDED MAY 6, 1BB9 IN
BOOK 4 AT PAGE 389 OF DEEDS; THENCE SOUTH 54" 6'WEST, ALONG THE NORTHWESTERLY
LINE OF THE PROPERTY SO CONVEYED, 135.89 FEET, MORE OR LESS, TO THE EAST CORNER
OF THE PROPERTY CONVEYED TO H.B. DOUGLAS, ET UX., BY DEED DATED MARCH 4, 1946 AND
RECORDED MARCH 7, 1946|N BOOK 403 AT PAGE 211 OF OFFICIAL RECORDS; THENCE NORTH
35'54'WEST, ALONG THE NORTHEAST LINE OF THE PROPERTY SO CONVEYED, TO THE
SOUTH CORNER OF THE PROPERTY CONVEYED TO AL TEIMANN, BY DEED DATED JANUARY 26,
1950 AND RECORDED JANUARY 30, 1950 IN BOOK 550 AT PAGE 135 OF OFFICIAL RECORDS;
THENCE NORTH 54'06' EAST, ALONG THE SOUTHEAST LINE OF THE PROPERTY SO
CONVEYED,131.28 FEET TO THE EAST CORNER THEREOF, BEING A POINT OF THE WESTERLY
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CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 5
OWNER'S POLICY NO,
FSLC-o152301311
EXHIBIT ''A"
Legal Description
LINE OF TORO STREET; THENCE SOUTH 40'43' EAST, ALONG SAID WESTERLY LINE OF TORO
STREET, TO THE POINT OF BEGINNING.
THE ABOVE DESCRIBED PARCEL IS INTENDED TO REFLECT THAT CERTAIN DEED RECORDED
DECEMBER 15,1971 IN VOLUME 1644 AT PAGE 716 OF OFFICIAL RECORDS OF SAID COUNTY.
PURSUANT TO DECLARATION RELATING TO LOT LINE ADJUSTMENT BETWEEN COMMON AND
SEPARATELY OWNED PARCELS AND SUBDIVISION AGREEMENT SLO AL 19-0061 RECORDED
MARCH 24,2021 AS DOCUMENT NO. 2021022406 OF OFFICIAL RECORDS.
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CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 6
FrDELrw NATToNAL TrrLE ,*ri*o*"E coMpANy owNER'S POLTCY NO. FSLC-o152301311
SCHEDULE B
EXCEPTIONS FROM COVERAGE
Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This
policy treats any Discriminatory Govenant in a document referenced in Schedule B as if each Discriminatory
Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions
of the document are excepted from coverage,
This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees, or expenses
resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters:
PART I
1. (a) Taxes or assessments that 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; (b) proceedings by a public agency that may result in taxes
or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public
Records.
2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be
(a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land.
3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy.
4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that
would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date
of Policy.
5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof;
(c)water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the
Public Records.
6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at
Date of Policy.
7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals,
coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the
Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and
(b)any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto,
whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B.
END OF SCHEDULE B - PART I
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FrDELrw NATT.NAL TrrLE ,*",i*or"E coMpANy
'l
owNER'S pOLtCy NO. FSLC-ol52301311
SCHEDULE B
EXCEPTIONS FROM COVERAGE
(continued)
PART II
1. Property taxes, including any personal property taxes and any assessments collected with taxes are as follows
Code Area:
Tax ldentification No
FiscalYear:
1st lnstallment:
2nd lnstallment:
Exemption:
Land:
lmprovements:
Personal Property:
003-000
002-436-022
2023-2024
$21,065.66 Paid
$21,065.66 Open
$0.00
$3,752,705.00
$53,609.00
$0.00
2.
3.
4
The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of
Chapter 3.5 (commencing with Section 75)or Part2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and
Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as
a result of changes in ownership or new construction occurring prior to Date of Policy.
The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of
Chapter 3.5 (commencing with Section 75) or Part 2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and
Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as
a result of changes in ownership or new construction occurring prior to Date of Policy.
The effect of the following statement contained in the Grant Deed recorded February 26, 1997 as Document No.
1997-9495 of Official Records, which recites, "The northern portion of this property has soil containing lead and
hydrocarbons".
END OF SCHEDULE B . PART II
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CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 8
FIDELITY NATIONAL TITLE INSURANCE COMPANY owNER'S POLtCy NO. FSLC-o15230131 1
CONDITIONS
1. DEFINITION OF TERMS
ln this policy, the following terms have the meanings given to them below. Any defined term includes both the singular and the plural, as the
context requires:
a. "Affiliate": An Entity:
i. that is wholly owned by the lnsured;
ii. that wholly owns the lnsured; or
iii. if that Entity and the lnsured are both wholly owned by the same person or entity.
b. "Amountof lnsurance": TheAmountof lnsurancestatedinScheduleA,asmaybeincreasedbyConditionS.d.ordecreasedbyConditionl0
or 11; or increased or decreased by endorsements to this policy.
c. "Date of Policy": The Date of Policy stated in Schedule A.
d. "Discriminatory Covenant": Any covenant, condition, restriction, or limitation that is unenforceable under applicable law because it illegally
discriminates against a class of individuals based on personal characteristics such as race, color, religion, sex, sexual orientation, gender
identity, familial status, disability, national origin, or other legally protected class.
e. "Enforcement Notice": A document recorded in the Public Records that describes any part of the Land and:
i. is issued by a governmental agency that identifies a violation or enforcement of a law, ordinance, permit, or governmenial regulation;
ii. is issued by a holder of the power of eminent domain or a governmental agency that identifies the exercise of a governmental power; or
iii. asserts a right to enforce a PACA-PSA Trust.
f. "Entity": A corporation, partnership, trust, limited liability company, or other entity authorized by law to own title to real property in the State
where the Land is located.
S- "lnsured":
i. (a). The lnsured named in ltem 1 of Schedule A;
(b). the successor to the Title of an lnsured by operation of law as distinguished from purchase, including heirs, devisees, survivors,
personal represenlatives, or next of kin;
(c). the successor to the Title of an lnsured resulting from dissolution, merger, consolidation, distribution, or reorganization;
(d). the successor to the Title of an lnsured resulting from its conversion to another kind of Entity; or
(e). the grantee of an lnsured under a deed or other instrument transferring the Title, if the grantee is:
(1). an Affiliate;
(2). a trustee or beneficiary of a trust created by a written instrument established for estate planning purposes by an lnsured;
(3). a spouse who receives the Title because of a dissolution of marriage;
(4). a transferee by a transfer effective on the death of an lnsured as authorized by law; or
(5). another lnsured named in ltem 1 of Schedule A.
ii. The Company reserves all rights and defenses as to any successor or grantee that the Company would have had against any
predecessor lnsured.
h. "lnsured Claimant": An lnsured claiming loss or damage arising under this policy.
i. "Knowledge" or "Known": Actual knowledge or actual notice, but not constructive notice imparted by the Public Records.
j. "Land": The land described in ltem 4 of Schedule A and improvements located on that land at the Date of Policy that by State law constitute
real property. The term "Land" does not include any property beyond that described in Schedule A, nor any right, title, interest, estate, or
easement in any abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does not modify or limit the extent
that a right of access to and from the Land is insured by this policy.
k. "Mortgage": A mortgage, deed of trust, trust deed, security deed, or other real property security instrument, including one evidenced by
electronic means authorized by law.
l. 'PACA-PSA Trust": A trust under the federal Perishable Agricultural Commodities Act or the federal Packers and Stockyards Act or a similar
State or federal law.
m. "Public Records": The recording or filing system established under State statutes in effect at the Date of Policy under which a document
must be recorded or filed to impart constructive notice of matters relating to the Title to a purchaser for value without Knowledge. The term
"Public Records" does not include any olher recording or filing system, including any pertaining to environmental remediation or protection,
planning, permitting, zoning, licensing, building, health, public safety, or national security matters.
n. "State": The state or commonwealth of the United States within whose exterior boundaries the Land is located. The term "State" also
includes the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin lslands, and Guam.
o. "Title": The estate or interest in the Land identified in ltem 2 of Schedule A.
p. "UnmarketableTitle": TheTitleaffectedbyanallegedorapparentmatterthatwouldpermitaprospectivepurchaserorlesseeoftheTitleora
lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of
marketable title.
2, CONTINUATION OF COVERAGE
This policy continues as of the Date of Policy in favor of an lnsured, so long as the lnsured:
a. retains an estate or interest in the Land;
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cA----sPS-1 -23-FSLC-O1 52301 31 1
CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
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FIDELITY NATIONAL TITLE INsIJRANCE COMPANY owNER'S POLICY NO. FSLC-o15230131 1
(continued)
b, owns an obligation secured by a purchase money Mortgage given by a purchaser from the lnsured; or
c. has liability for warranties given by the lnsured in any transfer or conveyance of the lnsured's Title.
Except as provided in Condition 2, this policy terminates and ceases to have any further force or effect after the lnsured conveys the Title. This
policy does not continue in force or effect in favor of any person or entity that is not the lnsured and acquires the Title or an obligation secured by a
purchase money Mortgage given to the lnsured.
3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT
The lnsured must notify the Company promptly in writing if the lnsured has Knowledge of:
a. any litigation or other matter for which the Company may be liable under this policy; or
b. any rejection of the Title as Unmarketable Title.
lf the Company is prejudiced by the failure of the lnsured Claimant to provide prompt notice, the Company's liability to the lnsured Claimant under
this policy is reduced to the extent of the prejudice.
4, PROOF OF LOSS
The Company may, at its option, require as a condition of payment that the lnsured Claimant furnish a signed proof of loss. The proof of loss must
describe the defect, lien, encumbrance, adverse claim, or other matter insured against by this policy that constitutes the basis of loss or damage
and must slate, to the extent possible, the basis of calculating the amount of the loss or damage.
5. DEFENSE AND PROSECUTION OF ACTIONS
a. Upon written request by the lnsured and subject to the options contained in Condition 7, the Company, at its own cost and without
unreasonable delay, will provide for the defense of an lnsured in litigation in which any third party asserts a claim covered by this policy
adverse to the lnsured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The
Company has the right to select counsel of its choice (subject to the right of the lnsured to object for reasonable cause) to represent the
lnsured as to those covered causes of action. The Company is not liable for and will not pay the fees of any other counsel. The Company
will not pay any fees, costs, or expenses incurred by the lnsured in the defense of any cause of action that alleges matters not insured
against by this policy.
b. The Company has the right, in addition to the options contained in Condition 7, ai its own cost, to institute and prosecute any action or
proceeding or to do any other act that, in its opinion, may be necessary or desirable to establish the Title, as insured, or to prevent or reduce
loss or damage to the lnsured. The Company may take any appropriate action under the terms of this policy, whether or not it is liable to the
lnsured. The Company's exercise of these rights is not an admission of liability or waiver of any provision of this policy. lf the Company
exercises its rights under Condition 5.b., it must do so diligently.
c. When the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a
final determination by a court having jurisdiction. The Company reserves the right, in its sole discretion, to appeal any adverse judgment
or order.
6. DUTY OF INSURED CLAIMANT TO COOPERATE
a. When this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the
lnsured will secure to the Company the right to prosecute or provide defense in the action or proceeding, including the right to use, at its
option, the name of the lnsured for this purpose.
When requested by the Company, the lnsured, at the Company's expense, must give the Company all reasonable aid in:
i. securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement; and
ii. any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter, as
insured.
lf the Company is prejudiced by any failure of the lnsured to furnish the required cooperation, the Company's liability and obligations to the
lnsured under this policy terminate, including any obligation to defend, prosecute, or continue any litigation, regarding the matter requiring
such cooperation.
b. The Company may reasonably require the lnsured Claimant to submit to examination under oath by any authorized representative of the
Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the
authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda,
correspondence, reports, e-mails, disks, tapes, and videos, whether bearing a date before or after the Date of Policy, that reasonably pertain
to the loss or damage. Further, if requested by any authorized representative of the Company, the lnsured Claimant must grant its
permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all the records in the custody or
control of a third parly that reasonably pertain to the loss or damage. No information designated in writing as confidential by the lnsured
Claimant provided to the Company pursuant to Condition 6 will be later disclosed to others unless, in the reasonable judgment of the
Company, disclosure is necessary in the administration of the claim or required by law. Any failure of the lnsured Claimant to submit for
examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from
third parties as required in Condition 6.b., unless prohibited by law, terminates any liability of the Company under this policy as to that claim.
7. OPTIONS TO PAY OR OTHERWISE SETTLE GLAIMS;TERMINATION OF LIABILITY
ln case of a claim under this policy, the Company has the following additional options:
a. To Pay or Tender Payment of the Amount of lnsurance
To pay or tender payment of the Amount of lnsurance under this policy. ln addition, the Company will pay any costs, attorneys' fees, and
expenses incurred by the lnsured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the
Company is obligated to pay.
Upon the exercise by the Company of this option provided for in Condition 7.a., the Company's liability and obligations to the lnsured under
this policy terminate, including any obligation to defend, prosecute, or continue any litigation.
Coverage Owner's Policy of Title lnsurance (02lo4l2o22l
Page 10 cA----sps-1-23-FSLC-01 52301 31 1
FrDELrry NATToNAL TrrLE rru"innrucE coMpANy owNER'S POLTCY NO. FSLG-o15230131 1
(continued)
b. To Pay or Othenuise Settle with Pafties other than the Insured or with the Insured Claimant
i, To pay or otherwise settle with parties other than the lnsured for or in the name of the lnsured Claimant. ln addition, the Company will
pay any costs, attorneys' fees, and expenses incurred by the lnsured Claimant that were authorized by the Company up to the time of
payment and that the Company is obligated to pay; or
ii. To pay or otherwise settle with the lnsured Claimant the loss or damage provided for under this policy. ln addition, the Company will pay
any costs, attorneys' fees, and expenses incurred by the lnsured Claimant that were authorized by the Company up to the time of
payment and ihat the Company is obligated to pay.
Upon the exercise by the Company of either option provided for in Condition 7.b., the Company's liability and obligations to the lnsured under
this policy for the claimed loss or damage terminate, including any obligation to defend, prosecute, or continue any litigation.
8. CONTRACT OF INDEMNITY; DETERMINATION AND EXTENT OF LIABILITY
This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by an lnsured Claimant who has suffered loss
or damage by reason of matters insured against by this policy. This policy is not an abstract of the Title, report of the condition of the Title, legal
opinion, opinion of the Title, or other representation of the status of the Title. All claims asserted under this policy are based in contract and are
restricted to the terms and provisions of this policy. The Company is not liable for any claim alleging negligence or negligent misrepresentation
arising from or in connection with this policy or the determination of the insurability of the Title.
a. The extent of liability of the Company for loss or damage under this policy does not exceed the lesser of:
i. the Amount of lnsurance; or
ii. the difference between the fair market value of the Title, as insured, and the fair market value of the Title subject to the matter insured
against by this policy.
b. Except as provided in Condition B.c. or 8.d., the fair market value of the Title in Condition B.a.ii. is calculated using the date the lnsured
discovers the defect, lien, encumbrance, adverse claim, or other matter insured against by this policy.
c. lf, at the Date of Policy, the Title to all of the Land is void by reason of a matter insured against by this policy, then the lnsured Claimant may,
by written notice given to the Company, elect to use the Date of Policy as the date for calculating the fair market value of the Title in
Condition 8.a.ii.
d. lf the Company pursues its rights under Condition 5.b. and is unsuccessful in establishing the Title, as insured:
i. the Amount of lnsurance will be increased by Fifteen Percent (15%); and
ii. the lnsured Claimant may, by written notice given to the Company, elect, as an alternative to the dates set forth in Condition B.b. or, if it
applies, 8.c., to use either the date the settlement, action, proceeding, or other act described in Condition 5.b. is concluded or the date
the notice of claim required by Condition 3 is received by the Company as the date for calculating the fair market value of the Title in
Condition 8.a.ii.
e. ln addition to the extent of liability for loss or damage under Conditions 8.a. and 8.d., the Company will also pay the costs, attorneys' fees,
and expenses incurred in accordance with Conditions 5 and 7.
9. LIMITATION OF LIABILITY
a. The Company fully performs its obligations and is not liable for any loss or damage caused to the lnsured if the Company accomplishes any
of the following in a reasonable manner:
i. removes the alleged defect, lien, encumbrance, adverse claim, or other matter;
ii. cures the lack of a right of access to and from the Land; or
iii. cures the claim of Unmarketable Title,
all as insured. The Company may do so by any method, including litigation and the completion of any appeals.
b. The Company is not liable for loss or damage arising out of any litigation, including litigation by the Company or with the Company's consent,
until a State or federal court having jurisdiction makes a final, non-appealable determination adverse to the Title.
c. The Company is not liable for loss or damage to the lnsured for liability voluntarily assumed by the lnsured in settling any claim or suit without
the prior written consent of the Company.
d. The Company is not liable for the content of the Transaction ldentification Data, if any.
10. REDUCTION OR TERMINATION OF INSURANCE
All payments under this policy, except payments made for costs, attorneys'fees, and expenses, reduce the Amount of lnsurance by the amount of
the payment.
11. LIABILITY NONCUMULATIVE
The Amount of lnsurance will be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in
Schedule B or to which the lnsured has agreed, assumed, or taken subject, or which is executed by an lnsured after the Date of Policy and which
is a charge or lien on the Title, and the amount so paid will be deemed a payment to the lnsured under this policy.
12. PAYMENT OF LOSS
When liability and the extent of loss or damage are determined in accordance with the Conditions, the Company will pay the loss or damage within
thirty (30) days.
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cA----sPS-'1-23-FSLC-01 5230'1 31 1
CLTA Standard Coverage Owner's Policy of Title lnsurance (0210412022)
Page 1 1
FrDELrw NATToNAL TrrLE ,*rr'*o*"E coMpANy owNER'S POLTCY NO. FSLC-o15230131 1
(continued)
13. COMPANY'S RECOVERY AND SUBROGAT]ON RIGHTS UPON SETTLEMENT AND PAYMENTa. lf the Company settles and pays a claim under this policy, it is subrogated and entitled to the rights and remedies of the lnsured Claimant in
the Title and all other rights and remedies in respect to the claim that the lnsured Claimant has against any person, entity, or property to the
fullest extent permitted by law, but limited to the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. lf requesied
by the Company, the lnsured Claimant must execute documents to transfer these rights and remedies to the Company. The lnsured
Claimant permits the Company to sue, compromise, or settle in the name of the lnsured Claimant and to use the name of the lnsured
Claimant in any transaction or litigation involving these rights and remedies.
b. lf a payment on account of a claim does not fully cover the loss of the lnsured Claimant, the Company defers the exercise of its subrogation
right until after the lnsured Claimant fully recovers its loss.
c. The Company's subrogation right includes the lnsured's rights to indemnity, guaranty, warranty, insurance policy, or bond, despite any
provision in those instruments that addresses recovery or subrogation rights.
14. POLICY ENTIRE CONTRACT
a. This policy together with all endorsements, if any, issued by the Company is the entire policy and contract between the lnsured and the
Company. ln interpreting any provision of this policy, this policy will be construed as a whole. This policy and any endorsement to this policy
may be evidenced by electronic means authorized by law,
b. Any amendment of this policy must be by a written endorsement issued by the Company. To the extent any term or provision of an
endorsement is inconsistent with any term or provision of this policy, the term or provision of the endorsement controls. Unless the
endorsement expressly states, it does not:
i. modify any prior endorsement,
ii. extend the Date of Policy,
iii. insure against loss or damage exceeding the Amount of lnsurance, or
iv. increase the Amount of lnsurance.
15. SEVERABILITY
ln the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, this policy will be deemed not to
include that provision or the part held to be invalid, but all other provisions will remain in full force and effect.
16. CHO]CE OF LAW AND CHOICE OF FORUM
a. Choice of Law
The Company has underwritten the risks covered by this policy and determined the premium charged in reliance upon the State law affecting
interests in real property and the State law applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the
State where the Land is located.
The State law of the State where the Land is located, or to the exient it controls, federal law, will determine the validity of claims against the
Title and the interpretation and enforcement of the lerms of this policy, without regard to conflicts of law principles to determine the
applicable law.
b. Choice of Forum
Any litigation or other proceeding brought by the lnsured against the Company must be filed only in a State or federal court having
jurisdiction.
17. NOTICES
Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the
Company at:
Fidelity National Title lnsurance Company
P.O. Box 45023
Jacksonvil le, F L 32232-5023
Attn: Claims Department
18. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS POLICY, INCLUDING ANY SERVICE OR OTHER MATTER IN
CONNECTION WITH ISSUING THIS POLICY, ANY BREACH OF A POLICY PROVISION, OR ANY OTHER CLAIM OR DISPUTE ARISING OUT
OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS POLICY, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY
MAY SERVE AS PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS, REPRESENTATIVE, OR PRIVATE ATTORNEY GENERAL
PROCEEDING,
19. ARBITRATION
a. All claims and disputes arising out of or relating to this policy, including any service or other matter in connection with issuing this policy, any
breach of a policy provision, or any other claim or dispute arising out of or relating to the transaction giving rise to this policy, may be resolved
by arbitration. lf the Amount of lnsurance is Two Million and No/100 Dollars ($2,000,000) or less, any claim or dispute may be submitted to
binding arbitration at the election of either the Company or the lnsured. lf the Amount of lnsurance is greater than Two Million and No/100
Dollars ($2,000,000), any claim or dispute may be submitted to binding arbitration only when agreed to by both the Company and the lnsured.
Arbitration must be conducted pursuant to the Title lnsurance Arbitration Rules of the American Land Title Association ("ALTA Rules"). The
ALTA Rules are available online at WuM,"ata.p"l:Slafbjtf.elipn. The ALTA Rules incorporate, as appropriate to a particular dispute, the
Consumer Arbitration Rules and Commercial Arbitration Rules of the American Arbitration Association ("AAA Rules"). The AjAA Rules are
available online at www.adr.orq.
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Page 12 cA----sPS-1-23-FSLC-01 52301 31 1
FrDELrry NATT.NAL TrrLE ,r",-]*or"E coMpANy owNER'S pOLtCy NO. FSLC-o152301311
(continued)
b. ALL CLAIMS AND DISPUTES MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS PLAINTIFF, CLASS
MEMBER, OR PARTICIPANT IN ANY CLASS, REPRESENTATIVE, OR PRIVATE ATTORNEY GENERAL PROCEEDING IN ANY
ARBITRATION GOVERNED BY CONDITION 19. The arbitrator does not have authority to conduct any class action arbitration, private
attorney general arbitration, or arbitration involving joint or consolidated claims under any circumstance.
c. lf there is a final judicial determination that a request for particular relief cannot be arbitrated in accordance with this Condition 19, then only
that request for particular relief may be brought in court. All other requests for relief remain subject to this Condition 19.
d. Fees will be allocated in accordance with the applicable AAA Rules. The results of arbitration will be binding upon the parties. The arbitrator
may consider, but is not bound by, rulings in prior arbitrations involving different parties. The arbitrator is bound by rulings in prior arbitrations
involving the same parties to the extent required by law. The arbitrator must issue a written decision sufficient to explain the findings and
conclusions on which the award is based. Judgment upon the award rendered by the arbitrator may be entered in any State or federal court
having jurisdiction.
END OF CONDITIONS
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CLTA Standard Coverage Owner's Policy of Title lnsurance (o2lo4l2o22)
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