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HomeMy WebLinkAboutD-995 Acquisition Of Real Prop. Adjacent To Plaza Recorded 07/20/1977RECORDING REQUESTED BY: dRST AMERICAN TITLE INSUP , CO. Order No. Escrow No. SLO 801650 SF Loan No. WHEN RECORDED MAIL TO: City of San Luis P.O. Box 321 San Luis Obispo, Obispo California 93401 o 515 -420ri", E00000.00F 'r DOC, roo 35339 OFFICIAL RECORDS SAN LUIS OBISM CO.- C& " COMPAIM JUL 201577 •WILLIAM E. ZIMARIK COUNTY RECORDER TIME 8 4 01 AM SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAX STATEMENTS TO: DOCUMENTARY TRANSFER TAX $ .:....................... ADDRESS ABOVE Computed on the consideration or value of property conveyed; OR ...... Computed on the consideration or valueless liens r encumbrances remaining at time sale. \ a, AL i1 /% .41 t.l�C� Signature of Declarant or Agent determining tax — Firm Name FIRST AMERICAN TITLE INSURANCE COMPANY GRANT DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, FRANK ANTHONY BROWN, an unmarried man - hereby GRANT(S) to CITY OF SAN LUIS OBISPO; the real property in the City of San Luis Obispo County of San Luis . Obi spo , State of California, described as That portion of Block 8 of the City of San Luis Obispo, in the City of San Luis Obispo, County of San Luis Obispo, accordina to map recorded May 1, 1878, in Book A, .'Page-- 168 of Maps;- described..as follows: Beginning at the Southwesterly corner of Monterey and Broad Street in'said City; thence South 53 °07' !,!est along the Southerlv line of said Monterey Street, 77 feet to the northeasterly corner of the oroperty conveyed to Henry Abel by deed recorded April 10, 1872, in Book D Page 1 of Deeds; thence South 36 °53' West along the Easterly line of the property so conveyed, 60.02 feet to a point; thence Northeasterly 77 feet to a Point on the Westerly line of Broad Street, said point being South 36 °53' East,; 60 feet from the point of beginning; thence North 36 053' blest along said Nesterly line of Broad Street, 60 feet to the point of beginning. EXCEPTING THEREFROM and reserving unto the Grantor an easement for ingress and earess and other incidental' Purposes to be used by Grantor as a service access and pedestrian walkway to the Grantor's remaining DroDerty over and accross the Westerly 12 feet of the above described property. Dated April 1 977 STATE OF CALIFORNIA l COUNTY OF ] San Luis Obispo j On June 29, 1977 before me, the undersigned, a Notary Public in and for said State, personally appeared Frank Anthony Brown known to me to be the person — whose name i S subscribed to the within instrument and acknowledged that he executed the same. WITNESS my hand and of icial seal. pee6aoaeeeeea9ee9aea9eeoeeeaaeaeeeeaeanaiiiiueneeeeeenis CONNIE A. DOLL e _m NOTARI' PULLIC — CALIFORNIA PRINCIPAL OFFICE IN SAN LUIS O131S?() C:OUN-1 I My Comrission Expires January 23, 1979 l gneeenaceane�asseaeeeanna :essesoeetseeaeeoanennn� Signature 995 (This area for official notarial seal) J V 'r 199E �u 20 02 (,ois9) MAIL TAX STATEMENTS AS DIRECTED ABOVE Vfl! e +r First American Title Insurance Company HOME OFFICE: 421 NORTH MAIN STREET, SANTA ANA, CALIFORNIA 92701 • (AREA 714) 558 -3211 A subsidiary of The First American Financial Corporation : , . A* s . . 2 C E R T I F I C A T E O F A C C E P T A N C E THIS IS TO CERTIFY that the interest in real property conveyed by the Grant Deed dated April 21 , 19 77, from Frank Anthony Brown 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: July 18, 1977 CI ATTEST: Fitzpatrick, City Clerk END OF DOCUMENT By i VOL 1996 A&L282 S C 4,- A M E R C i 9 First American Title Insurance Company 899 PACIFIC STREET, (P.O. BOX 1147) SAN LUIS OBISPO, CALIFORNIA 93401 • (AREA 805) 543 -8900 July 25, 1977 City of San Luis Obispo P. 0. Box 321 San Luis Obispo, CA 93401 Attn: J. Fitzpatrick Insurance Policy No. SLO 801650 CD Brown /City of SLO NOTE: THIS CONTAINS IMPORTANT INFORMATION ABOUT THE REAL ESTATE TRANSACTION YOU HAVE JUST COMPLETED. READ IT AND RETAIN IT WITH YOUR OTHER VALUABLE PAPERS PERTAINING TO THE PROPERTY. The new home or other real estate you have purchased is pro- tected with a policy of title insurance issued by First American Title Insurance Company. This is your guarantee of ownership. We have assigned the above number to your records to assure prompt processing of future title orders involving the property. If you sell or obtain a loan on this property within two years, FIRST AMERICAN TITLE WILL REDUCE THE USUAL POLICY RATE 20 per cent. To obtain this SAVINGS, it will be necessary for you to inform the real estate agent and /or escrow holder handling further transactions that such policies of title insurance as are required. should be issued by First American Title. We appreciate the opportunity of serving you and will be glad to assist you in any way, remembering that PROTECTION OF YOUR PROPERTY IS OUR FIRST CONSIDERATION - -- AND OURS. S' cerely, Connie Doll Escrow Officer E C E IV '^ ED CD /eh JUL 2 61977 - CITY CLERK SAN LUIS OBISPO, f AI E n RIC Form No. 1084 (10/73) �101- 9 California Land Title Association _ Standard Coverage Policy Form Copyright 1973 POLICY OF TITLE INSURANCE ISSUED BY First American Title Insurance Company SUBJECT TO SCHEDULE B AND THE CONDITIONS AND STIPULATIONS HEREOF, FIRST AMERICAN TITLE I.NSU RANCE COMPANY, a California corporation, herein called the Company, insures the insured, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by said insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein: 2. Any defect in or lien or encumbrance on such title; 3. Unmarketability of such title; or 4. Any lack of the ordinary right of an abutting owner for access to at least one physically open street or highway if the land, in fact, abuts upon one or more such streets or highways; and in addition, as to an insured lender only: 5. Invalidity of the lien of the insured mortgage upon said estate or interest except to the extent that such invalidity, or claim thereof, arises out of the transaction evidenced by the insured mortgage and is based upon a. usury, or b. any consumer credit protection or truth in lending law; 6. Priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in Schedule B in the order of its priority; or 7. Invalidity of any assignment of the insured mortgage, provided such assignment is shown in Schedule B. IN WITNESS WHEREOF, First American Title Insurance Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. , NSG99y �► • moo`, P 0'Pq��• 3t n r SEPTEMBER 24, D Lp d 1968 � Zb. f, �(IF0 t B1 80753 First American Title Insurance Company BY PRESIDENT ATTEST L� SECRETARY 1. DEFINITION OF TERMS `The following terms when used in this policy mean: i (a) "insured ": the insured named in Schedule A, and, subject to any rights or defenses the Com- pany may have had against the named insured, those who succeed to the interest of such insured by operation of law as distinguished from purchase including, but not limited to, heirs, distributees, de- visees, survivors, personal representatives, next of kin, or corporate or fiduciary successors. The term "insured" also includes 011 the owner of the indebt- edness secured by the insured mortgage and each successor in ownership of such indebtedness (re- serving, however, all rights and defenses as to any such successor who acquires the indebtedness by operation of law as described in the first sentence of this subparagraph (a) that the Company would have had against the successor's transferor), and further includes 00 any I governmental agency or instrumentality which islan insurer or guarantor under an insurance contract or guaranty insuring or guaranteeing said indebtedness, or any part thereof, whether named as an insured herein or not, and (iii) the parties designated in paragraph 2 (a) of these Conditions and Stipulations. (b) "insured claimant ": an insured claiming loss or damage hereunder.. (c) "insured lender ": the owner of an insured mortgage. (d) "insured mortgage ":, a mortgage shown in Schedule B, the owner of which is named as an in- sured in Schedule A. (e) "knowledge ": actual knowledge, not con- structive knowledge or notice which may be im- puted to an insured by reason of any public records. (f) "land ": the land described, specifically or by reference in Schedule C, and improvements af- fixed thereto which by law constitute real property; provided, however, the term "land" does not in- clude any area excluded by Paragraph No. 6 of Part I of Schedule B of this Policy. (g) "mortgage ": mortgage, deed of trust, trust deed, or other security instrument. (h) "public records': those records which by law impart constructive notice of matters relating to the land. 2. (a) CONTINUATION OF INSURANCE. AFTER ACQUISITION OF TITLE BY INSURED LENDER .If this policy insures the owner of the indebt- edness secured by the insured mortgage, this policy shall continue in force as of Date of Policy in favor of such insured who acquires all or any part of the estate or interest in the land described in Schedule C by foreclosure, trustee's sale, conveyance in lieu of foreclosure, or other legal manner which dis- charges the lien of the insured mortgage, and if such insured is a corporation, its transferee of the estate or interest so acquired, provided the transferee is the parent or wholly owned subsidiary of such .in- sured; and in favor of any governmental agency or instrumentality which acquires all or any part of the estate or interest pursuant to a contract of insur- ance or guaranty insuring or guaranteeing the in- debtedness secured by the insured mortgage. After any such acquisition the amount of insurance here- under, exclusive of costs; attorneys' fees and ex- penses which the Company may be obligated to pay, shall not exceed the least of: CONDITIONS AND STIPULATIONS (iii) the amount paid by any governmental agency or instrumentality, if such agency or instru- mentality is the insured claimant, in acquisition of such estate or interest in satisfaction of its insur- ance contract -or guaranty. (b) CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE The coverage of this policy shall continue in force as of Date of Policy, in favor of an insured so long as such insured retains an estate or interest in the land, or owns an indebtedness secured by a pur- chase money mortgage given by a purchaser from such insured, or so long as such insured shall have liability by reason of covenants of warranty made by such insured in any transfer or conveyance of such estate or interest; provided, however, this policy shall not continue in force in favor of any purchaser from such insured of either said estate or interest or the indebtedness secured by a purchase money mortgage given to such insured. 3. DEFENSE AND PROSECUTION OF ACTIONS — NOTICE OF CLAIM TO BE GIVEN BY AN INSURED CLAIMANT (a) The Company, at its own cost and without undue delay, shall provide for the defense of an insured in litigation to the extent that such liti- gation involves an alleged defect, lien, encum- brance or other matter insured against by this polity. (b) The insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in (a) above, 60 in case knowledge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest or the lien of the insured mortgage, as insured, and which might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if title to the estate or interest or the lien of the insured mortgage, as insured, is rejected as unmarketable. If such prompt notice shall not be given to the Company, then as to such insured all liability of the Company shall cease and termi- nate in regard to the matter or matters for which such prompt notice is required; provided, however, that failure to notify shall in no case prejudice the rights of any such insured under this policy unless the Company shall be prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at its own cost to institute and without undue delay prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or inter- est or the lien of the insured mortgage, as insured; and the Company may take any appropriate action, whether or not it shall be liable under the terms of this policy, and shall not thereby concede liability or waive any provision of this policy. (d) Whenever the Company shall have brought interest or the lien of the insured mortgage, as in- sured, including but not limited to executing cor- rective or other documents. 4. PROOF OF LOSS OR DAMAGE — LIMITATION OF ACTION In addition to the notices required under Para- graph 3 (b) of these Conditions and Stipulations, a proof of loss or damage, signed and sworn to by the insured claimant shall be furnished to the Com- pany within 90 days after the insured claimant shall ascertain or determine the facts giving rise to such loss or damage. Such proof of loss or damage shall describe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy which constitutes the basis of loss or dam- age, and, when appropriate, state the basis of calculating the amount of such loss or damage. Should such proof of loss or damage fail to state facts sufficient to enable the Company to determine its liability hereunder, insured claimant, at the written request of Company, shall furnish such additional information as may reasonably be necessary to make such determination. No right of action shall accrue to insured claimant until 30 days after such proof of'loss or damage shall have been furnished. Failure to fumish such proof of loss or damage shall terminate any liability of the Company under this policy as to such loss or damage. 5. OPTIONS TO PAY OR OTHERWISE SETTLE, CLAIMS AND OPTIONS TO PURCHASE IN- DEBTEDNESS The Company shall have the option to pay or otherwise settle for or in the. name of an insured claimant any claim insured against, or to termi- nate all liability and obligations of the Company hereunder by' paying or tendering payment of the amount of insurance under this policy together with any costs, attorneys' fees and expenses in- curred up to the time of such payment or tender of payment by the insured claimant and authorized by the Company. In case loss or damage is claimed under this policy by the owner of the indebtedness secured by the insured mortgage, the Company shall have the further option to purchase such indebted- ness for the amount owing thereon together with all costs, attorneys' fees and expenses which the Company is obligated hereunder to pay. If the Company offers to purchase said indebtedness as herein provided, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage and any collateral securing the same to the Company upon payment therefor as herein provided. Upon such offer being made by the Company, all liability and obligations of the Comm pany hereunder to the owner of the indebtedness secured by said insured mortgage, other than the obligation to purchase said indebtedness pursuant. any action or interposed a defense as required or to this paragraph, are terminated. permitted by the provisions of this policy, the 6. DETERMINATION AND PAYMENT OF LOSS Company may pursue any such litigation to final (a) The liability of the Company under this determination by a court of competent jurisdiction policy shall in no case exceed the least of: and expressly reserves the right, in its sole discre- tion, to appeal from any adverse judgment or order. (i) the actual loss of the insured claimant; (e) In all cases where this policy r y permits or re- (ii) the amount of insurance stated in quires the Company to prosecute or provide for Schedule A, or, if applicable, the amount of in- the defense of any action or proceeding, the in- surance as defined in paragraph 2 (a) hereof: or sured hereunder shall secure to the Company the right to so prosecute or provide defense in such (iii) if this policy insures the owner of the action or proceeding, and all appeals therein, and indebtedness secured by the insured mortgage, and (i) the amount of insurance stated in permit the Company to use, at its option, the name Schedule A ;: of such insured for such purpose. Whenever re- quested by the Company, such insured shall give 60 the amount of the unpaid principal the Company, at the Company's expense, all reason - of the indebtedness plus interest thereon, as deter- able aid (1) in any such action or proceeding in mined under paragraph 6 (a) (iii) hereof, expenses effecting settlement, securing evidence, obtaining of foreclosure and amounts advanced to protect witnesses, or prosecuting or defending such action the lien of the insured mortgage and secured by or proceeding, and (2) in any other act which in said insured mortgage at the time of acquisition of the opinion of the Company may be necessary or such estate or interest in the land; or ! desirable to establish the title to the estate or I Provided said owner is the insured claimant, the amount of the unpaid principal of said indebted- ness, plus interest thereon, provided such amount shall not include any additional principal indebted- ness created subsequent to Date of Policy, except as to amounts advanced to protect the lien of the insured mortgage and secured thereby. (b) The Company will pay, in addition to any loss insured against by this policy, all costs im- posed upon an insured in litigation carried on by (Continued on inside back cover) t • - .• r Form, No. 1084 — A CLTA Standard Coverage Policy Copyrlght — 1973 SCHEDULE A Total Fee for Title Search, Examination and Title Insurance $ 198.60 Amount of Insurance: $ 48,000.00 Policy No. SLO- 801650 SF Date of Policy: July 20, 1977 at 8:01 a.m. 1. Name of Insured:. CITY OF SAN LUIS 09ISPO 2. The estate or interest referred to herein is at Date of Policyvested in: CITY OF SAN LUIS OBISPO 3. The estate or interest in the land described in Schedule C and which is covered by this policy is: A FEE Form No. 1084 — B CLTA Standard Coverage Policy Copyright — 1974 SCHEDULE B SLO- 801650 SF This policy does not insure against loss or damage,, nor against costs, attorneys fees or expenses, any oral I of which arise by reason of the following: Part One: 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. Proceedings by a public agency which 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 which are not shown by the public records but which could be ascertained by an inspection of the land or by making inquiry of persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof; 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. (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. 6. Any right, title, interest, estate or easement in land beyond the lines of the area specifically described or referred to in Schedule C, or in abutting streets, roads, avenues, alleys; lanes, ways or waterways, but nothing in this paragraph shall modify. or limit the extent to which the ordinary right of an abutting owner for access to a physically open street or highway is insured by this policy. 7. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) -restrict-. ing or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or govern- mental regulation. 8. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records. 9. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the in- sured claimant; (b) not shown by the public records and not otherwise excluded from coverage but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had been a purchaser or encumbrancer for value without knowledge. Part Two: 1. Taxes for the fiscal year 1977 -78, a lien not yet due or- payable. 2. The effect if any, of a party wall as disclosed in the deed to Margaret McAlister, et al., recorded January 3, 1922 in Book 149, page 487 of Deeds. FA 11 Form No. 1056 All Policy Forms SLO- 801650 SF SCHEDULE C 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 Block 8 of the City of San Luis Obispo, in the City of San Luis Obispo County of San Luis. Obispo, State of California., according to map recorded May 1, 1878, in Book A, Page 168 of Maps, described as follows: Beginning at the Southwesterly corner of Monterey and Broad Street in said Cityi thence South 53607' West along the Southerly line of said Monterey Street, 77 feet to the northeasterly corner of the property conveyed to Henry Abel by deed recorded April 10, 1872, in. Book D Page 1 of Deeds; thence South 36053' West along the Easterly line of the property so conveyed, 60.02 feet to a point; thence Northeasterly 77 feet to a point on the Westerly line of Broad Street, said point being South 36 053' East, .60 feet from, the point of beginning; thence North 36 053' West along said Westerly line of Broad Street, 60 feet to the point of beginning. J JO I x O Z reel — r.. m $ NIPOMO ST. S • 5 )i•5 •.. r 70 (A mm 2 N 4 a -ci N S I 0 A r N N A u .0 4004 � so 40 lif 140 m 4 N 1 O I 1 I W J c c - 1 ° 14001 N ro 04 —4' --- I 1 O 01 _ o w I N 1 I 1003 40 Ila I 1345 CD 40 - 10 70 112 5 109 °0 !O N d0 I X c - 1 � J N I 1 O J I S N (08) W 9 E 1 N I�1 N n z { _ N N O C J z W N h N e0 % 0) O O O 1• '• n p 0 c 0 La r � r 4004 so so Z c s O r� u N ^ O m O SP.l r ua W •A ° -� 22e 70 r!1 + N O m { .� •. i100j - A o v " BROAD ST. '3, S s 0 0 z m N 0 x 0 N x s p s S • GARDEN ST. S �R Z� � No I f N y O S'9CHORR0 S Z • N I j as w.ac•ss'w. 40.04 50 I °0 90 N d0 I X c - 1 � J N I 1 O J I S N W 9 E 1 N I�1 N n z { _ N N O C J z W N h N o TO z 0 La r � n 4004 so so Z c s O r� N- n O I„ p m 70 40.04 50 40.37 °0 90 I s O c - 1 � J N I 1 O J I S N W 9 E 1 N I�1 N _ N N � 4 J W N h n 4004 so so 1r se Z m -c n m a ST. N m m s O N I A N N w CA e 70 L.': O L \ ° » MORRO ST » N N 70 \ ° » MORRO ST » N • INDORSEMENT Attached to Policy No. Issued by SLO- 801650 SF First American Title Insurance Company The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional monetary protection to the Insured Owner named in said Policy, hereby modifies said Policy, as follows: 1. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual upward adjustments in the manner and to the extent hereinafter specified. 2. "Adjustment Date " is defined, for the purpose of this Indorsement, to be 12:01 a. m. on the first January 1 which occurs more than six months after the Date of Policy, as shown in Schedule A of the Policy to which this Indorse- ment is attached, and on each succeeding January 1. 3. An upward adjustment will be made on each of the Adjustment Dates, as defined above, by increasing the maxi- mum amount of insurance provided by said Policy (as said amount may have been increased theretofore under the terms of this Indorsement) by the same percentage, if any, by which the United States Department of Commerce. Composite. Construction Cost Index (base period 1967) for the month of September immediately preceding ex- ceeds such Index for the month of September one year earlier; provided, however, that the maximum amount of insurance in force shall never exceed 150% of the amount of insurance stated in Schedule A of said Policy, less the amount of any claim paid under said Policy which, under the terms of the Conditions and Stipulations, re- duces the amount of insurance in force. There shall be no annual adjustment in the amount of insurance for years in which there is no increase in said Construction Cost Index. 4. In the settlement of any claim against the Company under said Policy, the amount of insurance in force shall be deemed to be the amount which is in force as of the date on which the insured claimant first learned of the assertion or possible assertion of such claim, or as of the date of receipt by the Company of the first notice of such claim, whichever shall first occur. Nothing herein contained shall be construed as extending or changing the effective date of said Policy: 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. First American Title Insurance Company BY PRESIDENT BY ASSISTANT SECRETARY Larry Leppard E �► S//�'t {�f Zc ti+ r'" Ca ,— SEPTEMBER 24, 4 d 1968 r tt, �A1 /F0 R'N t NOTE: In connection with a future application for title insurance covering said land, reissue credit on premium charges (if applicable at all) will be allowed only upon the original face amount of insurance as stated in Schedule A of said Policy. FA — 11 (9- 30 -74) Owner Inflation SPONDITIONS AND STIPULATIONS• (Continued from inside front cover) the Company for such insured, and all costs, attorneys' fees and expenses in litigation carried on by such insured with the written authorization of the Company. (c) When the amount of loss or damage has been definitely fixed in accordance with the con- ditions of this policy, the loss or damage shall be payable within 30 days thereafter. 7. LIMITATION OF LIABILITY No claim shall arise or be maintainable under this policy (a) if the Company, after having received notice of an alleged defect, lien or encumbrance in- sured against hereunder, by litigation or other- wise, removes such defect, lien or encumbrance or establishes the title, or the lien of the insured mort- gage, as insured, within a reasonable time after receipt of such notice; (b) in the event of litigation until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals therefrom, adverse to the title or to the lien of the insured mortgage, as insured, as pro- vided in paragraph 3 hereof; or (c) for liability voluntarily admitted or assumed by an insured without prior written consent of the Company. S. REDUCTION OF INSURANCE; TERMINA- TION OF LIABILITY All payments under this policy, except pay- ment made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto; provided, however, if the owner of the indebtedness secured by the insured mortgage is an insured here- under, then such payments, prior to the acquisition of title to said estate or interest as provided in paragraph 2 (a) of these Conditions and Stipula- tions, shall not reduce pro tanto the amount of the insurance afforded hereunder as to any such in- sured, except to the extent that such payments reduce the amount of the indebtedness secured by such mortgage. Payment in full by any person or voluntary satisfaction or release of the insured mortgage shall terminate all liability of the Company to an insured owner of the indebtedness secured by the insured mortgage, except as provided in paragraph 2 (a) hereof. 9. LIABILITY NONCUMULATIVE It is expressly understood that the amount of insurance underthis policy, as to the insured owner of the estate or interest covered by this policy, shall be reduced by any amount the Company may pay under any policy insuring (a) a mortgage shown or referred to in Schedule B hereof which is a lien on the estate or interest covered by this policy, or (b) a mortgage hereafter executed by an 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 under this policy. The Company shall have the option to apply to the payment of any such mortgage any amount that otherwise would be payable hereunder to the insured owner of the estate or interest cov- ered by this policy.and the amount so paid shall be deemed a payment under this policy to said insured owner. The provisions of this paragraph 9 shall not apply to an owner of the indebtedness secured by the insured mortgage, unless such insured acquires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 10. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have paid or settled a claim under this policy, all right of sub - rogation shall vest in the Company unaffected by any act of the insured claimant, except that the owner of the indebtedness secured by the insured mortgage may release or substitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or re- lease a portion of the estate or interest from the lien of the insured mortgage, or release any collateral security for the indebtedness, provided such act occurs prior to receipt by such insured of notice of any claim of title or interest adverse to the title to the estate or interest or the priority of the lien of the insured mortgage and does not result in any loss of priority of the lien of the in- sured mortgage. The Company shall be subrogated to and be entitled to all rights and remedies which such insured claimant would have had against any person or property in respect to such claim had this policy not been issued, and the Company is here- by authorized and empowered to sue, compromise or settle in its name or in the name of the insured to the full extent of the loss sustained by the Com- pany. If requested by the Company, the insured shall execute any and all documents to evidence the within subrogation. If the payment does not cover the loss of such insured claimant, the Com- pany shall be subrogated to such rights and reme- dies in the proportion which said payment bears to the amount of said loss, but such subrogation shall be in subordination to an insured mortgage. If loss should resultfrom any act of such insured claimant, such act shall not void this policy, but the Com- pany, in that event, shall as to such insured claimant 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. 11. LIABILITY LIMITED TO THIS POLICY This instrument together with all endorse- ments and other instruments, if any, attached here- to by the Company is the entire policy and con- tract between the insured and the Company. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the lien of the insured mortgage or of the title to the estate or interest covered hereby, or any action asserting such claim, shall be restricted to the provisions and conditions and stipulations of this policy. No amendment of or endorsement to this policy can be made except by writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or author- ized signatory of the Company. No payment shall be made without producing this policy for endorsement of such payment un- less the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. 12. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be fur- nished the Company shall be addressed to it at its home office at 421 North Main Street, Santa Ana, California, 92701, or to the office which issued this policy. • W z � d w H rr H U a 0 I V ' r 1V • 0 U a a z � a a� a z a N C.> • V L ,6, o W N z O r first Ani.erccan I i tle Company .• Sin I I iASPO CALIFORNIA • TELEPHONE q4 Abon ESCROW INSTRUCTIONS ESCROW SUMMARY PAID OUTSIDE ESCROW $ CASH THROUGH ESCROW ENCUMBRANCE OF RECORD ENCUMBRANCE OF RECORD PURCHASE MONEY ENCUMB. L S TOTAL CONSIDERATION $ 48,000.00 To FIRST AMERICAN TITLE INSURANCE COMPANY I hereby agree to purchase the hereinafter described property for a total consideration of $ 48,000.00 and will on or before - May 21, 1977 - - - - hand you said consideration which is payable as follows: Buyer shall deposit cash in the amount of $48,00.00 prior to the close'of escrow; thus making the total consideration of $48,000.00. I will deliver to you any additional funds and execute any instruments which are necessary to comply with the terms hereof, all of which you may use when you hold for me a deed executed by FRANK ANTHONY BROWN by deed dated May 17, 1976; and when you can issue your standard coverage form policy of title insurance with liability of $ 48,000 .00 on the following described property situated in the City of San Luis Obispo - - - --- - - - - - County of San Luis Obispo - - - - - - - , State of California, tentatively described as: The Northwesterly one -half of that portion of Block 8 of the City' of San Luis Obispo, in the City of San Luis Obispo, County of San Luis Obispo, State of California, according to the official map of said City on file in'the office of the County Recorder of said County........ (exact legal description to follow .through escrow, to be approved by Buyer and r• Seller)_ - showing title vested in CITY OF SAN LUIS OBISPO - --- - - - free of encumbrances except: 1. ALL - - - - - - General and special taxes for fiscal year 19 77 - 19 78, a 1 i en n of ye t p ay ab 1 e . 2. Assessments and /or Bonds, None, any which might appear shall be eliminated by Buyer. 3. Covenants, conditions, restrictions, rights of way, easements and reservations of record, if any. - • 4% ic��4x��cx��x���f�i�c�c�, a�i�) f1ib�X�c�c�����G�f�c��a >��a�c►�xa�X$c Buyer and Seller shall share equally in the cost of preparing a minor subdivision y survey to be submitted into escrow and paid through escrow. Buyer and Seller shall cause the submission to escrow of a description of a 12 foot. easement to be reserved over the westerly portion of the property to be conveyed. ESCROW INSTRIXTIONS — Page 2 Order Number SLO 801650 SF April 14, 1977 ALL COSTS OF THIS ESCROW TO BE PAID BY THE BUYER, AND * ESTIMATED AS FOLLOWS: Escrow Fee $141.50 Drawing Deed $5.00 Title Policy Fee $198.60 Recording $5.00 Transfer Tax $52.80 . ' Prorate and /or adjust the following as of Close of Escrow ` ..1. Taxes based on the amount of the last tax statement of the Tax Collector issued prior to the close of escrow. (If the amount of the new tax bill issued by the Tax Collector after close of escrow is more or less than the amount used for proration purposes, the difference, if any, will be adjusted by the parties herein outside of escrow.) YES . 2'. Insurance (including FHA mortgage insurance, if any). Not applicable 3. Interest on all encumbrances, except on any improvement assessments or bonds. Not appl i cabl e 4. Rental per rent statement handed you. Not applicable 5. "Charge the buyer and credit the seller the amount of any funds held in an impound account, if any, in connection with an existing loan." Not applicable You are to hold for me shares of water stock of the Company. I hereby agree to pay any charges including usual buyers escrow fee and any advances and expenses that are properly chargeable . to me regardless of. the consummation of this escrow. At the close of escrow you are to mail all documents, etc., to the persons entitled thereto. GENERAL PROVISIONS ^ All disbursements shall be made by your check. All funds received in this escrow shall be deposited in one or more of your gen- eral escrow accounts with any bank doing business in the State of California and may be transferred to any other general escrow account or accounts. The expression "close of escrow" means the date on which instruments referred to herein are filed for record. All adjustments are to be made on the basis of a 30 -day month. Recordation of any instruments delivered through this escrow, if necessary or proper in the issuance of a policy of title insurance called for, is hereby authorized. Execute on behalf of the parties hereto, form assignments of interest in any insurance policies (other than title insurance) called for herein and forward them upon close of escrow to the agent with the request, first, that insurer consent to such transfer or attach loss - payable clause or make such other additions or corrections as may have been specifically required herein, and second, that the agent thereafter forward such policies to the parties entitled to them. In all acts in this escrow relating to fire insurance, including ad- *- judtments, if any, you shall be fully protected in assuming that each such policy is in force and that the necessary premium - :- therefor has been paid. 'You are to furnish a copy of these instructions, amendments thereto, closing statements and /or any other documents deposited in this escrow to the lender or lenders, the real estate broker or brokers and /or the attorney or attorneys involved in this trans action upon request of such lenders, brokers or attorneys. Should you before or after close of escrow receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of any of the parties hereto, or any money or property deposited herein or affected hereby, you shall have the right to discontinue any or all further acts on your part until such conflict is resolved to your satisfaction, and you shall have the further right to commence or defend any action or proceedings for the determination of such conflict. The parties here -' to jointly and severally agree to pay all costs, damages, judgments and expenses, including reasonable attorneys' fees, suffered or incurred by you in connection with, or arising out of this escrow, including, but without limiting the generality of the fore going, a suit in interpleader brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully released and discharged from all obligations imposed upon you in this escrow. If for any reason funds are retained or remain in escrow, you are to deduct therefrom a reasonable monthly charge as custodian thereof of not less than $10.00 per month. Time is declared to be the 'essence of these instructions. If you are unable to comply within the time specified herein and such additional time as is required to make an examination of the official records, you will return all documents, money or property to the party entitled thereto upon satisfactory written demand and authorization. Any amendment of and /or supplement to any 'instructions must be in writing. The seller agrees to sell and the buyer agrees to buy the property herein described upon the terms hereof. These escrow instructions, and amendments hereto, may be executed in one or more counterparts, each of which independently shall have the same effect as if it were the original, and all of which taken together shall constitute one and the same instruction. Name CITY OF SAN I UT-1; QRTSPQ Address Post Office Rnx 3 21 Phone San Luis Obispo, California 93401 Name Att: J. Fitzpatrick SELLER I approve of the foregoing instructions and agree to sell and will deliver to you papers, instruments and /or funds required from me within the time limit specified herein, which you are authorized to deliver when you can issue your policy of title insurance as set forth above. 'I agree to pay any personal property taxes properly chargeable to me. You are instructed to use the money and record the instruments to comply with said instructions and to pay all encumbrances of record necessary without further ap- proval including prepayment penalities to show title as herein provided. I agree to pay your usual sellers escrow fee, drawing of documents and such other charges which are advanced for my account regardless of the consummation of this escrow. I also agree to pay the policy of title insurance premium and recording fees which are properly chargeable to me and documentary transfer tax in the amount of S 52.80 which you are instructed to enter oil the deed and affix your signature thereto, if required. In the event this amount is incorrect, you are authorized and instructed to enter the correct amount on the deed and deduct the additional cost therefore from funds accruing to my account. In the event an incorrect amount is entered on the deed and said deed is recorded, I hereby hold you harmless and agree to reimburse you for any loss you may sustain by said amount .being incorrect. , At the close,of this transaction you are authorized to pay commission in the amount of S. —Q— to: Broker's License Nu. Name Address 1964 Chorro Phone 544 -2050 FRANK ANTHONY BROWN San Luis Obispo, California 93401 Name At the close of escrow you are to mail your check and any documents to which I am entitled to the above address. .r L Isw oaaow -� of N t 0 I O OC F.. n N 1 N a fri � W W N is N 1 N OCL Q i W W N Jdf 0 Q } W _ DO r 6C 171 09 05 .00• W 0 0 � 0 N Z — u r n - -- n N in = O Z• _J N n m0 AT z 0= O ~ N N t,0041 " N 9 d5 Q B M O N ti tl[ « J ----------- I I 1 � - � O 06 OG , [forl o. .oO. 'M•LL.9 L'M ! f �' $ oaaoNa;��R O N H F= H - r N Q Ac U) Z e M W 0 0 � 0 N Z th u r m o •' OSoo�l = O Z• d N n m0 z 0= O ~ N Q Ac U) Z e U. W 0 � 0 u r W OSoo�l R i` d N n _ ~ --- - - -�-- t,0041 I O� d %e Z 3 IS NBOUVO m = N N a W O_ W O A N 2 2 D Q 3.- K A I N W W mO W Z I . 1 01 or Svc Svc, e v _"• Lai r W OSoo�l R i` d N n _ ~ --- - - -�-- t,0041 « d5 Q m O O N M tl[ « J ----------- N - � I 1 0D O n Q 01 OS .00. e r N------- ---- -- r s OS 1 601 ' is t11 O( 01 or Svc Svc, Lai r d h (g) e ~ --- - - -�-- t,0041 I N - � I 1 Ot,1 01 OS .00. cr o � 2 N N A O( q 3 '1S OWOdIN g `e O ot mo } W M W F z O x or PURCHASE AGREEMENT THIS AGREEMENT, made and entered into in the City of San Luis Obispo, County of San Luis Obispo, State of California, this day of �/�,�'f 1977, by and between the CITY OF SAN LUIS OBISPO, referred to herein as "City" and FRANK ANTHONY BROWN, re- ferred to herein as "Owner ". W I T N E S S E T H: WHEREAS, Owner has title to that certain parcel of real property hereinafter described, and, WHEREAS, City desires to purchase said parcel of real property for municipal purposes, NOW, THEREFORE, the parties hereto mutually agree.as follows: 1. In consideration of the covenants, promises, and agreements contained herein, Owner hereby agrees to sell to City and City hereby agrees to buy that certain real property together with any improve- ments located thereon, situate in the City of San Luis Obispo, County of San Luis Obispo, State of California, an exact description of which is to be submitted by the parties before close of escrow, but described in general terms as a portion of Assessor's Parcel number 02- 421 -05 approximately 60 x 80 feet in size, located on the corner- of Monterey i and Broad Streets —In to he City and County of. San Luis Obispo, State of California. 2. The purchase price to be paid by.the City to Owner shall be the sum of Forty -eight Thousand Dollars ($48,000.00), subject to the terms and conditions hereinafter stated. 3. City agrees to deposit in escrow with the Title Insurance and Trust Company the purchase price as follows: -1- L The full amount in cash within thirty (30) days after the date on which a properly executed Grant Deed is deposited in escrow with Title.Insurance and Trust Company conveying fee title to the City and on condition that the City has approved the conditions of title. (A) Owner agrees to place an executed deed in escrow within fifteen (15) days after the date on which escrow is opened. The escrow shall close five (5) days after deposit of cash by City as set forth above. (B) This agreement constitutes escrow instructions of both Owner and City, subject to further written instructions by mutual consent of both parties. 4. Title shall be free and clear of all liens, encumbrances, leases (recorded or unrecorded), easements, restrictions, rights and conditions of record or known to Owner, other than the following, as evidenced by Standard California Land Title Association Policy of Title Insurance, issued at City's expense. (A) 1. 1976 -77 City and County property taxes. 2. Covenants, conditions and restrictions of record. 3. Easements of record. 5. City agrees to pay the costs of transaction tax on deed. The Owner further agrees to pay the total amount of any and all bonds or assessments outstanding as liens on the real property herein. Escrow charges shall be paid by the City. If Owner fails to deliver title as provided herein, City may, at its option, terminate this agreement and recover-any consideration paid into escrow. 6. The Owner shall pay the property taxes due as prorated at the close of escrow. Premiums on insurance, if acceptable to City, -2- • and rents, interest and any other items of income or expense shall be prorated at the close of escrow. 7. Possession shall be delivered to the City and title shall vest in the City on close of escrow. Actual title shall vest in the name of the City of San Luis Obispo. 8. Should the property itself or any improvements thereon be destroyed or materially damaged prior to the closing of escrow, the City, at its option and in conjunction with the Owner, shall prorate any reimbursement for damages, received as a result of any insurance claim. 9. The Owner agrees to dedicate to City that portion of property presently owned by him from the creek side of the existing retaining wall to the center of the creek when and if a development is approved for the balance of his presently owned property. 10. The parties agree that if City removes structures presently located on the property described herein, and if such removal creates a hazardous condition to structures on the property still owned by Owner, City shall take at City's expense such actions as are necessary to alleviate said hazard. 11. Should City proceed with plan to develop the property described herein as an extension of the Mission Plaza and should City make a demand upon Owner, Owner agrees to furnish an accurate datum for the access doorsill and further agrees to design the foot- ing for any structures on Owner's property so that the footing and footing wall along the common property line will be capable of re- ceiving future fill to be placed on a grade corresponding with the present Broad Street sidewalk grade. 12. The parties further agree to provide over the property of each, to the other, sufficient access to allow convenient conclusion -3- of construction on the property of each, provided that no such ease- ment shall be valid for longer than six (6) months from the date that use of such easement begins, without the written consent of the owner of the servient tenement. 13. Owner and City will.each pay one -half (1/2) the cost of preparing the minor subdivision survey and map which is required to obtain a lot split, except for any portion of such work performed by regular City employee personnel. 14. City agrees to grant an easement to Owner across the Westerly 12 feet of the herein described property for use by Owner as a ser- vice access to Owner's contemplated structure to be located on Owner's remaining property on condition, however, that Owner shall improve the easement to a standard equivalent to the presently existing Mission Plaza concrete arid 'tile walkways. 15. The parties agree not to use this agreement as evidence in any litigation concerning value of the subject property while title vests in the Owner. Negotiations underlying and preceding this agreement were undertaken as an alternative to acquisition of the subject properties by eminent domain proceedings. 16. Owner shall not encumber the property in any manner what- soever during the term of this agreement without the City's prior written consent. 17. Time is of the essence of this agreement. 18. Should any dispute arise from the parties hereto concerning any of the terms or provisions of this agreement and.litigation arises therefrom, the successful party in such litigation shall be "entitled to recover reasonable attorney's fees and court costs. -4- IN WITNESS WHEREOF, the parties hereto have executed this instrument on the day and year above state. CITY OF SAN LUIS OBISPO By: ATTEST: . RCHWARTZ, May CITY CLERK Approved as to form: Approved as to content: WENDT, MITCHELL, SI HEIMER, de la MOTTE & LILLE City Attorney t City Administrative Officer By Allen Grimes -5- RESC TION NO. 3274 (1.9 77 Serie� A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO APPROVING AN AGREEMENT. BETWEEN THE CITY AND FRANK ANTHONY BROWN FOR CITY ACQUISITION OF REAL PROPERTY ADJACENT TO MISSION PLAZA. BE IT RESOLVED by•the.Council of the City of San Luis Obispo as follows: 1. That certain agreement, a copy of which is on.fi_le in the Office of the City Clerk,.between the City and .Frank Anthony Brown, concerning City purchase of real property, adjacent to Mission Plaza is hereby approved and the Mayor is authorized to execute same. 2. The City Clerk shall furnish a copy of this Resolution together with a copy of the agreement approved by it to: Frank Anthony Brown, the City Engineer, and Dale Mitchell. On motion of Councilman Norris seconded . by Councilman Petter.son and on the following roll call vote AYES: Councilmen-Graham, Norris, Petterson and Mayor Schwartz NOES: Councilman Gurnee ABSENT.: None the foregoing. Resolution was passed and adopted this. 1st day of April 19 77 ATTEST: C' n6f k Approved as to form,:: WENDT,'MITCHELL, SINSHEIMER,. de la'MOTTE & LILLEY A Professional Corporation .City Attorney BY Allen Grimes Endorsement as to content on agreement. ,.,.,.i city of sAn luis oBis po CITY ATTORNEY'S OFFICE Post Office Box 321 • San Luis Obispo, CA 93406 • 805/543 -8666 March 22, 1977 Richard D. Miller, Administrative Office City of San Luis Obispo Department of'Community Development 990 Palm Street. P. 0. -Box 32.1 San Luis-Obispo, Ca.­ 93401 Re: Mission Plaza Area - Property Acquisition:. Anthony Brown, Broad and Monterey Dear- Mr. Miller: Enclosed is the Purchase Agreement signed by Tony Brown relative to the above- entitled matter. Except - for a minor modification in Paragraph 9, the Agreement is the same as previously approved. Very- truly yours , - BLS/ (? DALE C. MITCHELL e DCM:pfc Enclosure ENDORSEMENT: Recommend that Council pass resolution authorizing Mayor to sign agreement, negotiations having been undertaken by Mitchell, Miller and Romero per Council direction February 16, 1977. DATE OPENED YOUR TITLE OF An 1141 4 s�o- 001607 F �gg SIM_ um Jf f 93401. ;t:. IM -Gum j DESCRIPTION T-A-M Uv24, VW 25y. TR... 4 f WE SINCERELY APPRECIATE THE OPPORTUNITY TO SERVE YOU. YOUR ORDER FOR TITLE WORK IS RECEIVING OUR PROMPT AND CAREFUL ATTEN- TION. WHEN WE CAN BE OF FURTHER SERVICE TO YOU DO NOT HESITATE TO CONTACT US. First American Title Insurance Company - 899 PACIFIC STREET • P.O. BOX 1147 • SAN LUIS OBISPO, CALIFORNIA 93401 • 543 -8900 July. 21, 1977 First American Title Insurance Company 899 PACIFIC STREET, (P.O. BOX 1147) SAN LUIS OBISPO, CALIFORNIA 93401 4 (AREA 805) 543 -8900 City of San Luis Obi•spo'- P. 0. Box 321 San Luis Obispo, CA 93401 Attn: J. Fitzpatrick Our Order No. SLO 801650 CD Brown /City of San Luis Ob-s_po; We have completed the above numbered escrow in accordance with your instructions. Your recorded Deed will be mailed to you by the County Recorder within a short time. In the event your deed was recorded after the first Monday in March, we suggest that you list your property with the County Assessor in order that you may receive future tax bills promptly. First installment of taxes becomes delinquent on December 10 and the second installment on April 10. The following fire insurance is being transferred to your name and will be mailed directly by the insurance agent ( ) to the holder of the first loan on your property, ( . ) to you. Policy No: Company Agent Amount Expiration We enclose the following items:. XX Escrow Statement showing receipts and disbursements Check for balance due you per escrow statement, $ 44.,78 Copy of Note in the amount of $ Tax Bill for First American Title Insurance Company Policy of Title Insurance issued under the above number. If you have placed a new loan on this property, the original Title Policy is to be held by the Lender and a copy of said Policy is enclosed for your convenience. In such a case, the Lender will supply you with a payment book and any information to which you are entitled. * to follow? X Receipt The following information is in connection with any loans of record: Holder: extra Unpaid balance $ , payment $ , interest included at Next payment due Holder: extra Unpaid balance $ , payment $ , interest included at Next payment due We trust this transaction has been handled to your entire satisfaction, and that we may have the pleasure of serving you again in the very near future. S cerely, Connie Doll Escrow Officer CD /eh 2037 (6165) BSI AMERj C 4t s � FINAL ESCROW STATEMENT OF: CITY OF SAN LUIS OBISPO Property: First American Title Insurance Company Order No. SLO 801650 CD Date: 7 -20 -77 Recording Date: 7 -20 -77 Other Party Brown Debits Credits Sales Price 48,000.00 Deposit Retained (Paid Outside of Escrow) Deposit by 13uyer 48,593.94 Deposit by Encumbrance of Record (Unpaid Balance) Encumbrance of Record (Unpaid Balance) First Deed of Trust (New) Second Deed of Trust (New) RENT PRORATIONS: #5 from 7 -1•=77 to 7 -20 -77 @ $30.00 19.00 from 77 to 7-20-77 0.00 12.73 rom 7-20-77 to 8-1-77 11.00 797rom 1-20-17 to 8-1-77 7.37 rom 7-20-77 to 8-1-11 .3 III rom /--I-// to 7-20-7 Security e osi Pay Tax Service Contract ree to Pay Taxes Personal Property Tax Pay Assessments or Bonds Prorate Taxes From 7 -1 -77 To 7 -20 -77 on $ 90.00/ est. 6 mo. 9.50 Prorate Fire Insurance From To on $ Prorate Int. @ % From To on $ Prorate Rent From To on $ Commission Paid To Paid Demand of eorge HIII (112 e .0 Notary Fee Title Policy Fee 198.60 Escrow Fee , Drawing , Revenue Stamps Recording Balance 44.78 Totals 149,664.18 48,66 . 11115 STATEMENT SHOULD BE RETAINED BY YOU FOR INCOME TAX PURPOSES 1024 (2 /67) .�- "•_'1"C =.4ry�r'!.��+Izi:, ..•Nt''' <.'��_• �r..�.- -..: :� ....r" .ter.. �. � •, _+ n,. �� 'i�� -. �_� ��w'.�'.916 ...��y