HomeMy WebLinkAboutD-360 Blk 100 Mission Vine. Parking Lot #4 Recorded 04/06/1959NJL.. -WZ PAGE166
RECORDING REQUESTED BY
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SAN LUIS QOf �BIISPOCOUNTY, CAL.
APR 3 1959'
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< < Rec rder
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1 GENTS l
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Grant Deed
THIS FORM FURNISHED BY TITLE. INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
L & H INVESTMENT CO., a partnership, composed of C.C. Humphrey,
Dorothy Humphrey, Herbert Landeck.. and Lucille LandOck
hereby GRANT(S) to
CITY OF SAN LUIS OBISPO
the following described real property in the
county of San Luis Obispo state of California:
That portion of lots 11 and 15 and all of lot 16 in block 100 of
Mission Vineyard Tract in the city of San Luis Obispo,;county of San
Luis Obispo, state of California, according to the map thereof
recorded in book A page 143 of Maps in the office of the county -
recorder.of said county, described as a whole as follows:
Beginning at the northeasterly corner of Chorro and Pacific Streets;
thence North 36° 22' West along the easterly line of Chorro Street,
70 feet to a point; thence North 53° 07' East 124.30 feet to the
northwesterly corner of the property described in the deed to George
R. Lewis, recorded November 27, 1935, in book 184 page 468 of Official
Records; thence South 36° 22' East along the westerly line of property
described in said deed 70 feet to the southwest corner thereof on
the northerly line of Pacific Street; thence South 53° 07' West along
northerly line of Pacific Street 124.30 feet to the point of beginning.
Dared:- .M.4rCh --- 16.0 .... 959.......................
STATE OF CALIF RNIA.. 7 l
f.� } SS.
COUNTY F---'" '�
On ..... /lLd'! L2�. -..1 ✓...1 ................ .before me, the under=
signed, a Notary Public in and or said County and State, personally
appeajy fit' ....GL Mo ......A ..............°
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to be the person._,5 .... whose name4.a- .- . _...subscribed to the within
instrument and acknowledged .that_:.�� ..executed the same.
WITNESS ;.-v hand" a official seal.
(Seal ).......- -------
' 'Notary.Public.in an or said County_ari late.
If executed by a Corporation the Corporation Form of
Acknowledgment must be used.
L. & H INVESI'N1ENT__ CQ, -0 - 1_
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!MOL 992 PAGE189
CLRTIFICnTE OF ACCEPTANCE
THIS IS TO CEI.iTIFY that the interest in real property
conveyed by the deed or grant dated March 16 in F 19-99
from L & H INVESTMENT COMPANY, A Partnership
to the
City of
San Luis Cbi-3pot
a Political Corooratior.,
is hereby
accepted
by order of the
City Council on February
16 s 19�D
and the
rrantee consents
to recor,iaLior thereof by
the City Clerko
DATE m April 2 a _ v 19 5.9
CITY OF SPJ, LUIS CBI: PO
Attest:
F�omI
4-;�-r-City Clerk
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541_1 -6 -27 9 -88-
illLI
Title Insurance and Trust Company
FOUNDED 1899
1141 CHORRO STREET • P.O. BOX 810 • SAN. LUIS OBISPO, CALIFORNIA
LIBERTY 3 -2900
JAMES F. CRAWFORD
VICE PRESIDENT
AND
MANAGER
City of
San Luis Obispo,
California
Dear Sirs:
April 6,. 1959
Re: Our Escrow No. 64354
Humphrey, et al
Your No. 6702
The above numbered escrow has been closed in.accordance
with instructions, and we enclose our policy of title
insurance.
Your deed will be mailed to you from the Hall of Records
as soon as it is copied.
We thank you for the privilege of serving in this
matter.
Very truly yours,
a R e
Escrow Officer
NER :lr
encl.
HOME OFFICE
LOS ANGELES
THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
167 -8 B -57
ACT c a g-
1012 Outside Counties . 9 -56
(Except Ventura -ond Orange Counties)
California Land Title Association
Standard Coverage Policy Form
Copyright 1950 -
Fee $ 155.00
POLICY OF TITLE INSURANCE
ISSUED BY
TITLE INSURANCE AND TRUST COMPANY
OF LOS ANGELES
Title Insurance and Trust Company, a corporation, of Los Angeles, California, herein called the Com-
pany, for a valuable consideration paid for this policy of title insurance, the number, date, and amount
of which are shown in Schedule A, does hereby insure the parties named as Insured in Schedule A,
together with the persons and corporations included in the definition of "the insured' -'- .asset forth in the
stipulations of this policy, against loss or damage not exceeding the amount stated in Schedule A which
the insured shall sustain by reason of:
1. Title to the land described in Schedule C being vested, at the date hereof, otherwise
than as herein stated; or
2. Unmarketability, at the date hereof, of the title to said land of any vestee named
herein, unless such unmarketability exists because of defects, liens, encumbrances,
or other matters shown or referred to in Schedule B; or
3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not
shown or referred to in Schedule B; or
4. Any defect in the execution of any mortgage or deed of trust shown in Schedule B
securing an indebtedness, the owner of which is insured by this policy, but only
insofar as such defect affects the lien or charge of such mortgage or deed of trust
upon said land; or
S. Priority, at the date hereof, over any such mortgage or deed of trust, of any lien or
encumbrance upon said land, except as shown in Schedule B, such mortgage or deed
of trust being shown in the order of its-priority in Part Two of Schedule B;
all subject, however, to Schedules A, B and C and the Stipulations herein, all of which
schedules and stipulations are hereby made a part of this policy.
In Witdess;,Whereof; -Title Insurance and Trust Company has caused its corporate name and seal to be
hereunto,affized by,its_duly authorized officers on the date shown in Schedule A.
_ - TITLE INSURANCE AND TRUST COMPANY
T T, by
- , , /Z�^L� PRESIDENT
Attest �a4V �' ZN.<
ASSISTANT SECRETAR
Page 1
1022A.8 9.56
California nd ry ' edcp. se Po > SCHEDULE A
copyrlam 1930
Amount $25,337.84 Date. April 3, 1959 at 2 :15 p.m.
INSURED
CITY OF SAN LUIS OBISPO.
The title to said land is, at the date hereof, vested in:
CITY OF SAN LUIS OBISPO
SCHEDULE B
Policy No. 64354
This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except
to the extent that the owner of any mortgage or deed of trust shown .in Part Two is expressly insured in
paragraphs numbered 4 and 5 on the first page of this policy.
PART ONE: This part of Schedule B refers to matters which, if any such exist, may affect the title to said
land, but which are not shown in this policy:
L Taxes or assessments which are not shown as existing liens by the records of any taxing agency or by the public
records; and easements, liens or encumbrances which are not shown by the public records.
2 Rights or claims of persons in possession of said.land which are not shown by the public records.
$ Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained
by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct sorvey.
4. Mining claims, reservations in patents, water rights, claims or title to water.
& Any laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regulating
or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or "any zomng ordinances
prohibiting a reduction in the dimensions or area or separation fn ownership, of airy lot or parcel of land; or the
effect of, any violation of any such restrictions, regulations or probibitions.
Page 2
10128 Cont. 9.56
California Land 711to Association
Standard Coverage, Policy Farm SCHEDULE B— (Continued)
Copyright 1950
PART Two: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the
title to said land or to which said title is subject:
1. General and special county and city taxes for
the fiscal year 1959 -1960, a lien, but not yet payable.
2. Second installment general and special taxes for
the fiscal year 1958 -1959 as follows:
County, assessment no. 5345 in the amount of $135.09.
City, assessment no. 2087 in the amount of $36.45.
Page 3
1012C Outside Counties 9.56
Calitornto Land Title Association SCHEDULE . C
Standard Coverage Polity
CopyrialM 1950
Description of land, title to which is insured by this policy:
That portion of Lots 11 and 15 and all of Lot 16 in
Block 100 of Mission Vineyard Tract-'-in the-city of
San Luis Obispo, county of San Luis Obispo, state of
California, according to the map thereof recorded in
book A at page 143 of Maps in the office of the county
recorder of said county, described as a whole as follows:
Beginning at the northeasterly corner of Chorro and Pacific
Streets; _thence North'36° 22' West along the easterly line
of Chorro Street, 70 feet to a point; thence North 53° 07'
East 124.30 feet to the northwesterly corner of the property
described in the deed to George R. Lewis, recorded November
27, 1935 in book 184 at page 468 of.Official Records; thence
South 36`221 East along the westerly line of property,
described in said deed 70 feet to the southwest cornerthereof
on the northerly line of Pacific Street; thence South 53° 07'.
West along northerly line of Pacific Street 124.30 feet to the
point of beginning.
Said land is also shown on a licensed surveyors map of survey
recorded July 7, 1955 in book 7 at page 84 of Record of Surveys.
PaF-e 4
•
1012D Outside Counties 9.56
Cc Iiforn io Land Title Association
Standard Coverage Policy Form
Copyright 1950
1. SCOPE OF COVERAGE
This policy does not insure against, and the Company
will not be liable for loss or damage created by or
arising out of any of the following: (a) defects, liens,
claims, encumbrances, or other matters which result in
no pecuniary loss to the insured; (b) defects, liens,
encumbrances, or other matters created or occurring
subsequent to the date hereof; (c) defects, liens,
encumbrances, or other matters created or suffered by
the insured claiming such loss or damage; or (d)
defects, liens, claims, encumbrances, or other matters
existing at the date of this policy and known to the
insured claiming such loss or damage, either at the
date of this policy or at the date such insured claim-
ant acquired an estate or interest insured by this policy,
unless such defect, lien, claim, encumbrance or other
matter shall have been disclosed to the Company in
writing prior to the issuance of this policy or appeared
at the date of this policy on the public records. Any
rights or defenses of the Company against a named
insured shall be equally available against any person
or corporation who shall hecome an insured hereunder
as successor of such named insured.
2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS
OR CLAIMS TO BE GIVEN BY THE INSURED
The Company at its own cost shall defend the insured
in all litigation consisting of actions or proceedings
against the insured, or defenses, restraining orders, or
injunctions interposed against a foreclosure or sale of
said land in satisfaction of any indebtedness, the
owner of which is insured by this policy, which litiga-
tion is founded upon a defect, lien, encumbrance, or
other matter insured against by this policy, and may
pursue such litigation to final - determination in the
court of last resort. In case any such litigation shall
become known to any insured, or in case knowledge
shall come to any insured of any claim of title or
interest which is adverse to the title as insured or
which might cause loss or damage for which the
Company shall or may be liable by virtue of this
policy, such insured shall notify the Company thereof
in writing. If such notice shall not be given to the
Company at least two days before the appearance day
in any such litigation, or if such insured shall not, in
writing, promptly notify the Company of any defect,
lien, encumbrance, or other matter insured against, or
of any such adverse claim which shall come to the
knowledge of such insured, in respect to which loss
or damage is apprehended, then all liability of the
Company as to each insured having such knowledge
shall cease and terminate; provided; however, that
failure to so notify the Company shall in no case prej-
udice the claim of any insured unless the Company
shall be actually prejudiced by such failure. The Com-
pany shall have the right to institute and prosecute
any action or proceeding or do any other act which,
in its opinion, may be necessary or desirable to
establish the title, or any insured lien or charge, as
insured. In all cases where this policy permits or
requires the Company to prosccute_or defend any
action or proceeding, the insured shall. secure to it in
writing the right to so prosecute or defend such action
or proceeding, and all appeals therein, and permit it
to use, at its option, the name of the insured for such
purpose. Whenever requested by the Company the
insured shall assist the Company in any such action
or proceeding, in effecting settlement, securing evi-
dence, obtaining witnesses, prosecuting or defending
such action or proceeding, to such extent and in such
manner as is dccmcd desirable by the Company, and
the Company shall reimburse the insured for any
-prnse eu incarrcd. Thu Company shall be subrogated
to and be entitled to all costs and attorneys' fees in.
STIPULATIONS
curred or expended by the Company, which may be
recoverable by the insured in any litigation carried
on by the Company on behalf of. the insured. The
word "knowledge" in this paragraph means actual
knowledge, and does not refer to constructive knowl-
edge or notice which may be imputed to the insured
by the public records.
3. NOTICE OF LOSS. LIMITATION OF ACTION
A statement in writing of any loss or damage for which
it is claimed the Company is liable under this policy
shall be furnished to the Company within sixty days
after such loss or damage shall have been ascertained.
No action or proceeding for the recovery of any such
loss or damage shall be instituted or maintained
against the Company until after full compliance by
the insured with all the conditions imposed on the
insured by this policy, nor unless commenced within
twelve months after receipt by the Company of such
written statement.
4.,OPTION TO PAY, SETTLE, OR COMPROMISE
CLAIMS
The Company reserves- the option to pay, settle or
compromise for, or in the name of, the insured, any
claim insured against or to pay this policy in full at
any time, and payment or tender of payment of the
full amount of this policy, together with all accrued
costs which the Company is obligated hereunder to pay,
shall terminate all liability of the Company here-
under, including all obligations of the Company with
respect to any litigation pending and subsequent costs
thereof.
5. SUBROGATION UPON PAYMENT OR SETTLE-
MENT
W- henever the Company shall have settled a claim
under this policy, it shall be subrogated to and be
entitled to all rights, securities, and remedies which
the insured would have had against any person or
property in respect to such claim, had this policy not
been issued. If the payment does not cover the loss
of the insured, the Company shall be subrogated to
such rights, securities, and remedies in the proportion
which said payment bears to the amount of said loss.
To either event the insured shall transfer, or cause to
be transferred, to the Company such rights, securities,
and remedies, and shall permit the Company to use
the name of the insured in any transaction or litigation
involving such rights, securities, or remedies.
6. OPTION TO PAY INSURED OWNER OF IN-
DEBTEDNESS ANDAECOME.OWNER OF SECURITY
The Company has the right and option, in case any
loss is claimed under this policy by an insured owner
of an indebtedness secured by mortgage or deed of
trust, to pay such insured the indebtedness of the
mortgagor or trustor under said mortgage or deed of
trust, together with all costs which the Company is
obligated hereunder to pay, in which case the Com-
pany shall become the owner of, and such insured
shall at once assign and transfer to the Company, said
mortgage or deed of trust and the indebtedness there-
by secured, and such payment shall terminate all
liability under this policy to such insured.
7. PAYMENT OF LOSS AND COSTS OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pay, in addition to any loss insured
against by this policy, all costs imposed upon the in.
sured in litigation carried on by the Company for the
insured, and in litigation carried on by the insured
with the written authorization of the Company, but not
0
otherwise. The liability of the Company under this
policy shall in no case exceed, in all, the actual loss
of the insured and costs which the Company is obligated
hereunder to pay, and in no case shall such total
liability exceed the amount of this policy and said
costs. All payments under this policy shall reduce the
amount of the insurance pro tanto, and payment of loss
or damage to an insured owner of indebtedness shall
reduce, to that extent, the liability of the Company to
the insured owner of said land. No payment may
be demanded' by any insured without producing this
policy for indorsement of such payment.
S. MANNER OF PAYMENT OF LOSS TO INSURED
Loss under this policy shall be payable, first, to any
insured owner of indebtedness secured by mortgage or
decd of trust shown in Schedule B, in order of priority
therein shown, and if such ownership vests in more
than one, payment shall be made ratably as their
respective interests may appear, and thereafter any
loss shall be payable to the other insured, and if more
than one, then to such insured ratably as their respec.
tive 'interests may appear. If there be no such insured
owner of indebtedness, any loss shall be payable to
the insured, and if more than one, to such insured
ratably as their respective interests may appear.
9. DEFINITION OF TERMS
The following terms when used in this policy mean:
(a) "named insured ": the persons and corporations
named as insured in Schedule A of this policy; (b)
"the insured ": such named insured together with (1)
each successor in ownership of any indebtedness -
secured by any mortgage or deed of trust shown in
Schedule B, the owner of which indebtedness is
named herein as an insured, •;2) any such owner or
successor in ownership of any such indebtedness who
acquires the land described in Schedule C or any
part thereof, by lawful means in satisfaction of said
indebtedness or any part thereof, (3) any governmental
agency or instrumentality acquiring said land under
an insurance contract or guarantee insuring or guar-
anteeing said indebtedness or any part thereof, and
(4) any person or corporation deriving an estate or
interest in said land as an heir or devisee of a named
insured or by reason of the dissolution, merger, or
consolidation of a corporate named insured; (c)
"land ": the land described specifically or by reference
in Schedule C and improvements affixed thereto which
by law constitute real property; (d) "date ": the
exact day, hour and minute specified in the first line
of Schedule A (unless the context clearly requires a
different meaning) ; (e) "taxing agency ": the State
and each county, city and county, city and district
in which said land or some part thereof is situated that
levies taxes or assessments on real property; (f)
"public records ": those public records which, under
the recording laws, impart constructive notice of mat-
ters relating to said land.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provision or condition of this policy can be waived
or changed except by writing indorsed hereon or at-
tached hereto signed by the President, a Vice Presi.
dent,.the Secretary, or an Assistant Secretary of the
Company.
11. NOTICES, WHERE SENT
All notices required to be given the Company and any
statement in writing required to be furnished the Com-
pany shall be addressed to it at the office which issued
this policy.
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