HomeMy WebLinkAboutD-512 Laurel LaneThat poition'"of lot 3 in Section 1 of Township 31' South, Range 12
East, Mount Diablo Meridian, in the city of San Luis Obispo, county
-
of San Luis Obispo, state of California, according to the official
plat of said land filed in 'the District Land Office December 13, 18753%
described as follows:
Beginning at the intersection of the center line of Orcutt Road, 40
feet wide, with the center line of Laurel Lane, 40 feet wide; thence
along the centerline of said Laurel Lane, North 300 40' East, 303.74
feet; thence South 59° 20' East 38.00 feet to the true point of
beginning; thence continuing South 590 20' East 100.00 feet; thence
South 30° 40' West 39.89 feet, to the northerly line of the land
described in the deed to Henry-A. Bernard, et ux., recorded May 22,
1953 in book 711 page 62, Official Records, in the office of the.
_ county- recorder of said countv;.thence along said northerly line,_
South 82° 17' East 182.52 feet to the northeasterly corner of said
land of Bernard; thence along the easterly line of said land of
Bernard as follows: From a tangent line bearing South 190 56' West,
southerly along a curve.concave easterly having a radius of 175 feet,
through a central angle of 20° 18', an arc distance of 62 feet;
tangent to said curve, South 0° 22' East 28.40 feet and southwesterly
along a tangent curve, concave northwesterly having a radius of 20
feet, through a central angle of 90% an arc distance of 31.42 feet
to the no line of Orcutt Road, 40 feet wide; thence along
said Orcutt Road, North 89° 38' East 90 feet to the westerly terminus
of the course recited as having a bearing and length of South 89°
38' West, 197.00 feet in the deed to Charles E. Freeman and wife, re-
corded May 1, 1957, as instrument No..6777, in book 890 page 85,
M
Official Records, in the office of said county recorder; thence
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Freeman as follows: Northwesterly along a curve concave northeast-
erly having a radius of 20 feet, through a central angle of 90% an
arc distance of 31.42 feet; tangent to said curve North 00 22' West
_ 28.40 feet, and northeasterly along a tangent curve concave south -
easterly having a radius of 175 feet through a central angle of 31%
an arc distance of 67.63 feet; thence northeasterly in a direct line
.5
to the most southerly corner of lot 7 in Block A of Tract No. 20831
as shown on map recorded in book 6 page 49 of Maps, in the office.af
the county recorder of said county; thence along the southwesterly
line. of ,.,said block A. North 590 20'=�West 312.70 feet to the most
westerly cor_ ner_- of_-1ot "43 in, said block A; thence South 30° 40' West
' 90.69, - -feet` to the true - point. of `beginning . °`-
-� - =- -
- REi'sORDING REQUESTED BY
AND WHEN RECORDED MAIL 'TO
Name William M. Houser, Jr.
Street -`990 Palm Street
Address San Luis Obispo, California
City a
State
TO 405 C (398)
C4*
SPACE ABOVE THIS LINE 'FOR RECORDER'S USE
AFFIX I.R.S. 8...!t a` %7_P:1.I\ THIS SPACE
JGrant Deed
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
ARTHUR E. MEESE and LaRAINE A. MEESE, husband and wife, as joint tenants
hereby GRANT(S) to THE CITY OF SAN LUIS OBISPO, a municipal corporation
the following descrii,,:a
Dated.:. February 3, 1964 .
STATE OF CALIFORNIA
COUNTY OF San Luis Obispo SS.
On February 3, 1964 before me, the under -
signed, a Notary Public in and for said County and State, personally
appeared Arthur E. Meese and LaRaine A.
Meese
known to me
to be the persons whose names are subscribed to the within
instrument and acknowledged that_ they executed the same.
WITNESS my hand nd official seal.
(Seal)
Signature
William M. House r.
ped or Printed)
WM. KAWWbWn ar� for said County and State
4J1:5-;.rf; Wfb?MG6rporation a Corporation Form of
Title Order No.
Escrow No.
vm1284 7443
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CERTIFICATE OF ACCEPTANCE
VOL 128 4 PAGE 74
THIS IS TO CERTIFY that the interest in real property conveyed by
the Grant Deed dated February 3 , 19 64 ,
from Arthur E. Meese and LaRaine A. Meese
to the City of San Luis Obispo, a Political Corporation, is hereby
accepted in accordance with Resolution No. 549 (1959 Series), re-
corded Icy 26, 1959, in Volumte 1002, Official Records, Page 292,
San Luis Obispo County, California, and the grantee consents to
recordation thereof.
DATE; February 19 , 19 64
439 I
- --
Document No. . •----- - - ---_
RECORD T 0 OF
A %MIN. fiAB-T..,_A&� ... M.
...01R. P .......
J�l,
SAN LUIS OBISPO COUNTY. CAL.
FEB 201964
County Recorder
B .'Deputy
Fee $..... ........Indexed
COMPARED
CITY OF SAN LUIS OBISPO
r
BY:
MAYOR
TTA��'�'
CITY CLERK
RECORDING REQUESTED BY
i
AND WHEN RECORDED MAIL TO
Name William Me Houser, Jr.
Street 990 Palm Street
Address San Luis Obispo, California
City
Se L J
star
TI # 80715 -JWW
TITLE ORDER NO. I TITLE OFFICER
VX 14
h4=
Document No. - - = --
SAN LUIS OBISPo COUNTY. CA�-
FEB 2 0 1964
County Recorder
B - — . 'k °tT. COMPA ' D
Fee __ _ . __indexed
—SPACE ABOVE THIS LINE FOR RECORDER'S USE
TO 430 -1 C FULL RECONVEYANCE
TITLE INSURANCE AND TRUST COMPANY, a California corporation, as duly appointed Trustee under Deed
of Trust hereinafter referred to, having received from holder of the obligations thereunder a written request to reconvey,
reciting that all sums secured by said Deed of Trust have been fully paid, and said Deed of Trust and the note or notes
secured thereby having been surrendered to said Trustee for cancellation, does hereby RECONVEY, without warranty, to
the person or persons legally entitled thereto, the estate now held by it thereunder. Said Deed of Trust was executed by
ARTHUR E. MEESE and LA RAINE A. MEESE, husband and wife,
Trustor,
and recorded in the official records of. San Luis Ob*o County, California, as follows:
REC. AS INSTR. NO. IN BOOK PAGE
March 14, 1963 .6405 1230 179
DESC.
Portion of Lot 3 in Section l of Township 31 South, Range
12 East, Mount'Diablo Meridian.
In Witness Whereof, Title Insurance and Trust Company, as such Trustee, has caused its corporate name
and seal to be hereto affixed by its Assistant Secretary, thereunto duly authorized on the date shown in the acknowl-
edgement certificate shown below.
TITLE INSU)rA�NCJ AND TRU54 CO)*ANY, as such Trustee
By
STATE OF CALIFORNIA, Charles F. orse Assis/afor cretary
COUNTY OFSan T+, ' n Ili Eno �Ss.
On__ e�ruar � 9., 1964 before me, the undersigned, a Notary Public i said State,
personally appeared Charles F. Dorsey known to me to be an Secretary of
TITLE INSURANCE AND TRUST COMPANY, the corporation that executed the 'foregoing instrument as such Trustee, and
known to me to be the person who executed said instrument on behalf of the corporation therein named, and acknowledged to
me that such corporation executed the same as such Trustee. WITNESS my hand and official seal.
(Seal)
,AREXE C. 60r)Sf T T Signature
NOTARY ?DBIf� ene .OSSe
M ° SAIi Lt115 t!9 -'.SDO COJN11 �{ NAME (TYPED OR PRINTED)
I�__ CaUFO -2.U'A - Notary Public in and for said State
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TIT This is not a survey of the /and but is compiled for information by the
Title Insurance and Trust Company from data shown by the official records.
i
R9QUET FOR DENAMD- 7t.*ith return form
TRI- COUNTY 11ORTGAGE CC; nI ANY
970 Foothill Boulevard Liberty 4-0700 San Luis Obispo, California
Mrs. Claire 1. Armstrong January 33, 1961;
453 N. Broad Street Re: I4#713 - Armstrong
San Luis Obispo, Califomva
.e are - informed that you are the holder of a note and trust deed covering
property described as that portion of Lot 3 in Section 1 of Township 31 South, Range
12 East, Mount Diablo Meridian, in the City of San Luis Obispo
owned by. ARTHUR E. MEESE and LaRAINE A. MBE, hus'-)arxi and wife, as joint tenants
Terris of an escrow in our office provide for the payment of this encumbrance
in full. Please send us the following papers:
9
(XX)
Note
Deed of trust
Request for Full Reconveyance, signed by owners of note..
Fire Insurance Poli6ies, if in your possession.
Title Policy, if in your possession.
A statement, as set forth below, of the amount you will require
to discharge this debt.
Contract of Sale.
Grant Deed
(to be signed before a Notary Public')
Assignments of Deed of Trust, if any in your possession.
Yours � ' %ry -truly., -,
,. J r
1�
irle J.
O G COMTRI -COTY TGAE PANY
TO TRI- COUNTY MORTGAGE COMPANY
You will-find enclosed the documents as checked above, which you may use
when you can remit to the undersigned the following:
Principal Balance 10, 000.00
Plus Interest at 6% % per annum from vanuary 14, 1964 to date of
pay-off.
Disposition of funds (indicated by X):
( ) Deposit to Savings Account No. in the name of___ -___
( ) nail check to address below.
( ) Other:
You are. authorized to deduct the following costs from the amount due the
undersigned:
OR e , 9_x c e�' S o o eo, l �� r � � ,�; .��� J `�J , igG y� �
(Signed)
1
C ire A. Armstrong
(Signed)
MAIL TO: 453 _TAT_ RIQAA Strr-Pt_ A.nn Tnia Qhi apO, Calif0mia
. TI
Title Insurance and Trust Company
- FOUNDED 1083
February 18, 1964
Mrs. Claire A. Armstrong
453 North Broad Street
San lusts Obispo, California
Re: Escum Ian. 80715 -HER
Meese
Dear Mrs. Armstrong:
We enclose check from the City of San Dais Obispo in
the amount of $10,058.45 representing your demand for
a full reconveyance of that cer:ta�n deed of trust
executed by Arthur R. Meese et ux, regarded in Voiu�
1230, Page 179..
The above check includes interest to February 18, 1964.
Enclosure
@O[Plu
Very truly yours.,
Max E. Roberts
Escrow Officer
F
....... . . ............. . . . . . . --- TI -------
TO 1012 -1 F C FOUNDED IN 1893
California Lo,,d Title Association
Standard Coverage Policy Form
Copyright 1963
POLICY OF TITLE INSURANCE
ISSUED BY
Title Insurance and Trust Company
- Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable
consideration paid for this policy, the number, the effective date, and amount of which are shown in
Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisess, personal
representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation,
against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys'
fees and expenses which the Company may 'become obligated to pay as provided in the Conditions and
Stipulations hereof, which the Insured shall sustain by reason of:
1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the
land described or referred to in Schedule C, existing at the date hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or
2. Unmarketability of such title; or
3. Any defect in the execution of any mortgage. shown in Schedule B securing an indebtedness, the
owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the
lien or charge of said mortgage upon the estate or interest referred to in this policy; or
4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred
to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage
being shown in Schedule B in the order of its priority;
all subject, however—,—to, the provisions of Schedules A, B and C and to the Conditions and Stipulations
hereto annexed~.— Gf_ AN f) j lj��� g}
�l^ L J
J' .•oM� I$ Rar'•, n 1.
j6! xx = �a�In .IY Aess, Whereof, Title Insurance and Trust Company has caused its
�corpocate n' a an'd seal to be hereunto affixed by its duly authorized officers
-4 ; % \�,r rr `,ori ' the date sho"wn�in Schedule A.
r.._. �• /
�H • �':) 41 :Z
* • �: Title Insurance and Trust Company
ATE
00000000 by
PRESIDENT
Attest��
SECRETARY
CONDITIONS AND STIPULATIONS
1. DEFINITION OF TERMS
The following terms when used in this
policy mean:
(a) "land ": the land described, specific -
ally or by reference; in Schedule C and
improvements affixed thereto which by
constitute real property;
(b) "public records ": those records
which impart constructive notice of matters
relating to said land;
(c) "knowledge ": actual knowledge, not
constructive knowledge or notice which
may be imputed to the Insured by reason
of any public records; .
(d) "date ": the effective date;
(e) "mortgage ": mortgage, deed of trust,
trust deed, or o.rher security instrument; and
(f) "insured ": the party or parties named
as Insured, and if the owner of the in-
debtedness secured by a mortgage shown in
Schedule B is named as -an Insured in
Schedule A, the Insured shall include (1)
each successor in interest in ownership of
such indebtedness, (2) any such owner who
acquires the estate or interest referred to
in this policy by foreclosure, trustee's sale,
or other legal manner in satisfaction of
said indebtedness, and (3) any federal
agency or instrumentality which is an in-
surer or guarantor under an insurance con-
tract or guaranty insuring or guaranteeing
said indebtedness, or any part thereof,
whether named as an insured herein or not,
subject otherwise to the provisions hereof.
2. BENEFITS AFTER ACQUISITION OF TITLE
If an insured owner of the indebtedness
secured by a mortgage described in Sched-
ule B acquires said estate or interest, or
any part thereof, by foreclosure, trustee's
sale, or other legal manner in satisfaction
of said indebtedness, or any part thereof,
or if a federal agency or instrumentality
acquires said estate or interest, or any part
thereof, as a consequence of an insurance
contract or guaranty insuring or guarantee-
ing the indebtedness secured by a mortgage
covered by this policy, or any part thereof,
this policy shall continue in force in favor
of such Insured, agency or instrumentality,
subject to all of the conditions and stipula-
tions hereof.
3. EXCLUSIONS FROM THE COVERAGE OF
THIS POLICY
This policy does not insure against loss
or damage by reasons of the following:
(a) Any law, ordinance or governmental
regulation (including but not limited to
building and zoning ordinances) restricting
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 said land, or prohibiting a separation in
ownership or a reduction in the dimensions
or area of any lot or parcel of land.
(b) Governmental rights of police power
or eminent domain unless notice of the
exercise of such rights appears in the public
records at the date hereof.
(c) Title to any property beyond the
lines of the land expressly described in
Schedule C, or title to streets, roads, ave-
nues, lanes, ways or waterways on which
such land abuts, or the right to maintain
therein vaults, tunnels, ramps or any other
structure or improvement; or any rights or
easements therein unless this policy specific-
ally provides that such property, rights or
easements are insured, except that if the
land abuts upon one or more. physically
open streets or highways this policy insures
the ordinary rights of abutting owners for
access to one of such streets or highways,
unless otherwise excepted or excluded
herein.
(d) Defects, liens, encumbrances, adverse
claims against the title as insured or other
matters (1) created, suffered, assumed or
agreed to by the Insured claiming loss at-
damage; or (2) known to the Insured
Claimant either at the date of this policy
or at the date such Insured Claimant ac-
quired an estate or interest insured by this
policy and not shown by the public records,
unless disclosure thereof in writing by the
Insured shall have been made to the Com-
pany prior to the date of this policy; or (3)
resulting in no loss to the Insured Claim-
ant; or (4) attaching or created subsequent
to the date hereof.
(e) Loss or damage which would not
have been sustained if the Insured were a
purchaser or encumbrancer for value with-
out knowledge.
4. DEFENSE AND PROSECUTION OF ACTIONS
— NOTICE OF CLAIM TO. BE GIVEN BY
THE INSURED
(a) The Company, at its own cost and
without undue delay shall provide (1) for
the defense of the Insured in all litigation
consisting of actions or proceedings com-
menced against the Insured, or defenses,
restraining orders, or injunctions interposed
against a foreclosure or sale of the mort-
gage and indebtedness covered by this policy
or a sale of the estate or interest in said
land; or (2) for such action as may be
appropriate to establish the title of the
estate or interest or the lien of the mort-
gage as insured, which litigation or action
in any of such events is founded upon an
alleged defect, lien or encumbrance in-
sured against by this policy, and may pur-
sue any litigation to final determination in
the court of last resort.
(b) In case any such action or proceed-
ing shall be begun, or defense interposed,
or in case knowledge shall come to the In-
sured of any claim of title or interest which
is adverse to the title of the estate or in-
terest or lien of the mortgage as insured,
or which might cause loss or damage for
which the Company shall or may be liable
by virtue of this policy, or if the Insured
shall in good faith contract to sell the in-
debtedness secured by a mortgage covered
by this polity, or, if an Insured in good
faith leases or contracts to sell, lease or
mortgage the same, or if the successful
bidder at a foreclosure sale under a mort-
gage covered by this policy refuses to pur-
chase and in any such event the title to
said estate or interest is rejected as un-
marketable, the Insured shall notify the
Company thereof in writing. If such notice
shall not be given to the Company within
ten days of the receipt of process or plead-
ings or if the Insured shall not, in writing,
promptly notify the Company of any de-
feet, lien or encumbrance insured against
which shall come to the knowledge of the
Insured, or if the Insured shall not, in
writing, promptly notify the Company of
any such rejection by reason of claimed un-
marketability of title, then all liability of
the Company in regard to the subject matter
of such action, proceeding or matter shall
cease and terminate; provided, however,
that failure to notify shall in no case
prejudice the claim of any Insured unless
the Company shall be actually 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 prosecute
any action or proceeding or do any other
act which in its opinion may be necessary
or desirable to establish the title of the
estate or interest or the lien of the mort-
gage as insured; and the Company may
take any appropriate action under the terms
of this policy whether or not it shall be
liable thereunder and shall not thereby
concede liability or waive any provision of
this policy.
(d) In all cases where this policy per-
mits or requires the Company to prosecute
or provide for the defense of any action
or proceeding, the Insured shall secure to
it the right to so prosecute or provide de-
fense in 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 Com-
pany the Insured shall give the Company
all reasonable aid in any such action or
proceeding, in effecting settlement, securing
evidence, obtaining witnesses, or prosecu-
ting or defending such action or proceed-
ing, and the Company shall reimburse the
Insured for any expense so incurred.
5. NOTICE OF LOSS — LIMITATION OF
ACTION
In addition to the notices required under
paragraph 4(b), a statement in writing of
any loss or damage for which it is claimed
the Company is liable under this policy
shall be furnished to the Company within
sixty days after such loss or damage shall
have been determined, and no right of
action shall accrue to the Insured under
this policy until thirty days after such
statement shall have been furnished, and
no recovery shall be had by the Insured
under this policy unless action shall be
commenced thereon within five years after
expiration of said thirty day period. Failure
to furnish such statement of loss or damage,
or to commence such action within the
time hereinbefore specified, shall be a con-
clusive bar against maintenance by the In-
sured of any action under this policy.
6. OPTION TO PAY, SETTLE OR COMPRO-
MISE CLAIMS
The Company shall have the option to
pay or settle or compromise for or in the
name of the Insured any claim insured
against or to pay the full amount of this
policy, or, in case loss is claimed under this
policy by the owner of the indebtedness
secured by a mortgage covered by this
policy, the Company shall have the option
to purchase said indebtedness; such pur-
chase, payment or tender of payment of
(Conditions and Stipulations Continued and Concluded on Lost Page of This Policy)
t i
TO 1012 ABC
California Land Title. Association
Standard Coverage Policy Form
Copyright 1961
Amount $ 20 ,122.28
80715 /JWW:pc 1
SCHEDULE A
Premium $ 136.00
Effective
Date February .20, 1964 at 8 :00 A.M. Policy No. 80715
INSURED
THE CITY OF SAN LUIS OBISPO, a municipal corporation.
. L. Title to the estate -or interest covered by this policy at the -: date hereof is vested. im ,
THE CITY OF SAN LUIS OBISPO, a municipal corporation.
2. The .estate :or interest in the eland described or referred. to in Schedule. C covered by this policy is.
a fee.
SCHEDULE B
This policy does not insure. against loss or damage by reason of the following:
PART I
1. Tries or assessments which are not shown as existing liens by the records of any taxing authority that
levies taxes or assessments on real property or by the public records..
2. Any facts; rights; interests, or claims which are not 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.
3. Easements, claims of easement or encumbrances. which are not shown by the public records.
4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other .facts which a
correct survey would disclose, and which are .not shown by the public records.
5. Unpatented mining claims; - reservations or exceptions in patents or in Acts authorizing, the issuance
thereof; water rights, claims or title to water.
TO 1012B Cont. C
California Land Title Association
Standard Coverage Policy Form
Copyright 1961 SCHEDULE B— (Continued)
PART II.
1. General and special county and city taxes for the fiscal year
1963 -1964, Code Area 3 -00, Second installment, as follows:
County: Assessment No.
of $ 19.58.
Assessment No.
of $62.30.
City: Assessment No.
of $3,75.
Assessment No.
of $13.12.
9529, Parcel No. 4- 961 -35, in the amount
9534, Parcel No. 4- 961 -41, in the amount
5114, Parcel No. 4- 961 -35, in the amount
5119, Parcel No. 4- 961 -41, in the amount
Agusta Street, et al., Project S -58 -1, in the amount of
$20.18.
Levies under the Agusta Street, wt al., Project S -28 -1 may be
included in and collected with the city taxes.
2., The fact that the property herein described lies within the
boundaries of Agusta Street, et al., Project S -58 -1, assessments
thereunder being included in and collected with the city taxes.
3. An easement to construct, maintain, repair, replace, enlarge
operate and remove a public sanitary sewer line and for incidental
purposes over a portion of said land as granted to the city of
San Luis Obispo, a municipal corporation, by deed recorded August
152 1957 in book 903 page 581 of Official Records.
4. An easement for sewer purposes over a portion of said land as
follows:
Beginning at the intersection of the center line of Orcutt Road
40 feet wide, with the center line of Laurel Lane, 40 feet wide;
thence along the center line of said Laurel Lane, north 30° 40'
East 303.74 feet; thence South 59° 20' East 38.00 feet to the
true point of beginning; thence North 300 40' East 90.69 feet
to the center line of the easement described in the deed to the
city.of San Luis Obispo, recorded August 15, 1957 in book 903,
page 581 of Official Records, in the office of the county recorder
of said county; thence along said center line south 59° 20' East
5:.00 feet; thence south 30° 40' West 90.69 feet to a line bear-
ing South 59° 20' East from the true point of beginning; thence
'North 59° 20' West 5.00 feet to the true point of beginning.
as granted to Upjohn- Stryker Developments Co., a joint- venture
consisting of Burton H. Upjohn and Orthopedic Frame Co., a
Michigan Corporation, by deed recorded February 26, 1963 in
book 1227 page 324 of Official Records.
5. An easement for maintenance of a creek channel over a portion
Qf said land as follows:
Beginning at the intersection of the center line of Orcutt Road,
40 feet wide, with the center line of Laurel Lane, 40 feet wide,
thence along the center line of said Laurel Lane, North 30° 40'
East 303.74 feet; thence South 59° 20' East 105.5 feet to the
true point of beginning; thence continuing South 59° 20' East
32.50 feet; thence North 60° 00' 40" East 104.04 feet to the
southwesterly line of Block .A of Tract No. 208, as shown on map
filed in book 6, page 49 of Maps, in the office of the county
recorder of said county; thence along said southwesterly line,
North 59° 20' West 32.99 feet; thence South 59° 46' 40" West 103.80
feet to the true point of beginning.
as granted to the city of San Luis Obispo, by deed recorded
March.14, 1963 in book 1230 page 174 of Official Records.
6. Covenants and conditions contained in the deed above mentioned.
7. Matters disclosed by a record of survey filed in book 13
page 22 of Record of Surveys, in the office of the county
recorder of said county.
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TO 1012 -1056C OC C.
Americen Title A imlation Loan Policy
Additional Coveroge--mOctober, 1960
a' - SCHEDULE - C
Colifomia.Land Title Association
Standard CoJerage Policy -1961 -
The land referred to in this policy.is described as follows:
(SEE.ATTACHED)
That portion of lot 3 in Section 1 of Township 31 South, Range 12
East, Mount Diablo Meridian, in the city of San Luis Obispo, county
of San Luis Obispo, state of California, according to the official
plat of said land filed in the District Land Office December 13, 1875,
described as follows:
Beginning at the intersection of the center line of Orcutt Road, 40
feet wide, with the center line of Laurel Lane, 40 feet wide; thence
along the centerline of said Laurel Lane, North 30° 40' East, 303.74
feet; thence South 59° 20' East 38.00 feet to the true point of
beginning; thence continuing South 59° 20' East 100.00 feet; thence
South 30° 40' West 39.89 feet, to the northerly line of the land
described in the deed to Henry A. Bernard, et ux., recorded May 22,
1953 in book 711 page 62, Official Records, in the office of the
county recorder of said county; thence along said northerly line,
South 82° 17' East 182.52 feet to the northeasterly corner of said
land of Bernard; thence along the easterly line of said land of
Bernard as follows: From a tangent line bearing South 19° 56' West,
southerly along a curve concave easterly having a radius of 175 feet,
through a central angle of 20° 18', an arc distance of 62 feet;
tangent to said curve, South 0° 22' East 28.40 feet and southwesterly
along a tangent curve, concave northwesterly having a radius of 20
feet, through a central angle of 90% an arc distance of 31.42 feet
to the northerly line of Orcutt Road, 40 feet wide; thence along
said Orcutt Road, North 89° 38' East 90 feet to the westerly terminus
of the course recited as having a bearing and length of South 89°
38' West, 197.00 feet in the deed to Charles E. Freeman and wife, re-
corded May 1, 1957, as instrument No. 6777, in book 890 page 85,
Official Records, in the office of said county recorder; thence
along the westerly boundary of the land described in said deed to
Freeman as follows: Northwesterly along a curve concave northeast-
erly having a radius of 20 feet, through a central angle-of 90% an
arc distance of 31.42 feet; tangent to said curve North 0° 22 -' West
28_40 feet, and northeasterly along a tangent curve concave south-
easterly having a radius of 175 feet through a central angle of 31%
an arc distance of 67.63 feet; thence northeasterly in a direct line
to the most southerly corner of lot 7 in Block A of Tract No. 208,
as shown on map recorded in book 6 page 49 of Maps, in the office of
the county recorder of said county; thence along the southwesterly
line of said block A. North 59° 20' West 312.70 feet to the most
westerly corner of lot 43 in said block A; thence South 30° 40' West
90.69 feet to the true point of beginning.
TO 236 VC
This is not a survey of the land but is compiled for information by the
@ Title Insurance and Trust Company from data shown by the official records.
4
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CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
the full amount of this policy, together
xvith all costs, attorneys' fees and expenses
which the Company is obligated hereunder
to pay, shall terminate all liability of the
Company hereunder. In the event, after
notice of claim has been given to the Com-
pany by the Insured, the Company offers
to purchase said indebtedness, the owner of
such indebtedness shall transfer and assign
said indebtedness and the mortgage securing
the same to the Company upon payment of
the purchase price.
7. PAYMENT OF LOSS
(a) The liability of the Company under
this policy shall in no case exceed, in all,
the actual loss of the Insured and costs and
attorneys' fees which the Company may be
obligated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against by this policy,
all costs imposed upon the Insured in liti-
gation carried on by the Company for the
Insured, and all costs and attorneys' fees in
litigation carried on by the Insured with
the written authorization of the Company..
(c) No claim for damages shall arise or
be maintainable under this policy (1) if
the Company, after having received notice
of an alleged- defect, lien or encumbrance
not excepted or excluded herein removes
such defect, lien or encumbrance within a
reasonable time after receipt of such notice,
or '(2) for liability voluntarily assumed by
the Insured in settling any claim or suit
without written, consent of the Company,
or (3) in the event the tide is rejected as
unmarketable because of a defect, lien or
encumbrance not excepted or excluded in
this policy, until there has been a final
determination by a court of competent juris-
diction sustaining such rejection.
(d) All payments under this policy, ex-
cept payments made for costs, attorneys'
fees and expenses, shall reduce the amount
of the insurance pro tanto and no payment
shall be made without producing this policy
for endorsement of such payment unless
the policy be lost or destroyed, in which
case proof of such loss or destruction shall
be furnished to the satisfaction of the Com-
pany; provided, however, if the owner of
an indebtedness secured by a mortgage
shown in Schedule B is an Insured herein
then such payments shall not reduce pro
tanto the amount of the insurance afforded
hereunder as to such Insured, except to the
extent that such payments reduce the amount
of the indebtedness secured by such mort-
gage. Payment in full by any person or
voluntary satisfaction or release by the In-
sured of a mortgage covered by this policy
shall terminate all liability of the Company
to the insured owner of the indebtedness
secured by such mortgage, except as pro-
vided in paragraph 2 hereof.
(e) When liability has been definitely
fixed in accordance with the conditions of
this policy the loss or damage shall be pay-
able within thirty days thereafter.
B. LIABILITY NONCUMULATIVE
It is expressly L understood that the
amount of this policy is reduced by any
amount the Company may pay under any
policy insuring the validity or priority of
any mortgage shown or referred to in
Schedule B hereof or any mortgage here-
after executed by the Insured which is a
charge or lien on the estate or interest
described or referred to in Schedule A, and
the amount so paid shall be deemed a pay-
ment to the Insured under this policy. The
provisions of this paragraph numbered 8
shall not apply to an Insured owner of an
indebtedness secured by a mortgage shown
in Schedule B unless such Insured acquires
title to said estate or interest in satisfaction
of said indebtedness or any part thereof.
9. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whenever the Company shall have settled
a claim under this policy, all right of sub-
rogation shall vest in the Company un-
affected by any act of the Insured, and it
shall be subrogated to and be entitled to
all rights and remedies which the Insured
would have had against any person or prop-
erty in respect to such claim had this policy
not been issued. If the payment does not
cover the loss of the Insured, the Company
shall be subrogated to such rights and
remedies in the proportion which said pay-
ment bears to the amount of said loss. If
loss should result from any act of the In-
sured, such act shall not void this policy,
but the Company, in that event, shall be
required to pay only that part of any losses
insured against hereunder which shall ex-
ceed the amount, if any, lost to the Com-
pany by reason of the impairment of the
right of subrogation. The Insured, if re-
quested by the Company, shall transfer to
the Company all rights and remedies
against any person or property necessary in
order to perfect such right of subrogation,
and shall permit the Company to use the
name of the Insured in any transaction or
litigation involving such rights or remedies.
If the Insured is the owner of the in-
debtedness secured by a mortgage covered
by this policy, such Insured may release or
substitute the personal liability of any
debtor or guarantor, or extend or otherwise
modify the terms of payment, or release
a portion of the estate or interest from the
lien of the mortgage, or release any col-
lateral security for the indebtedness, pro-
vided such act does not result in any loss
of priority of the lien of the mortgage.
10. POLICY ENTIRE CONTRACT
Any action or actions or rights of action
that the Insured may have or may bring
against the Company arising out of the
status of the lien of the mortgage covered
by this policy or the title of the estate or
interest insured herein must be based on
the provisions of this policy.
No provision or condition of this policy
can be waived or changed except by writing
endorsed hereon or attached hereto signed
by the President, a Vice President, the
Secretary, an Assistant Secretary or other
validating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be given the Com-
pany and any statement in writing required
to be furnished the Company shall be ad-
dressed to it at the office which issued this
policy or to its Home Office, 433 South
Spring Street, Los Angeles 54, California.
12. THE PREMIUM SPECIFIED IN SCHEDULE
A IS THE ENTIRE CHARGE FOR TITLE SEARCH,
TITLE EXAMINATION AND TITLE INSURANCE.
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Title Insurance and Trust Company
FOUNDED IN 1683
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