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HomeMy WebLinkAboutD-818 Foothill Blvd. Widening Recorded 05/09/1969RECOR ..NG REQUESTED BY: TITLE INSURANCE AND TRUST After Recording Mail To: City of San Luis Obispo 990 Palm Street San Luis Obispo, California `4PANY .' TRANSFER TAX Signed —Party Agent D E E D For valuable consideration WILLIAM A. NELSON, Firm. STANLEY H. NELSON and AUGUSTUS CASTRO, Executors of the Will of ALBERT H. NELSON, deceased, hereinafter &;, .. tively called "Grantor ", hereby grant to CITY OF SAN LUIS OBISPO, hereinafter called "Grantee ", for street purposes, all the right, title and interest of said decedent at the time of his death, and all the right, title and interest of said decedent that his estate may have subsequently acquired by operation of law, or otherwise, in and to the following described real property situated in the County of San Luis Obispo, State of California: That portion of the northwest quarter of the northeast quarter of Section 27, Township 30 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 thereof, described as follows: MAIL TAX STATEMENTS TO: same as above Thence northerly along said easterly line to the southerly line of the county road from San Luis Obispo to Los Osos Valley (now known as Foothill Boulevard) as recited in said deed; Thence westerly along said county road to the westerly line of the northwest quarter of the northeast quarter of said Section 27; Thence southerly along said westerly line to the point of beginning. 00- 00.00 1 00 -24.75 2 100 -24.75 8 J� f s t VOL1516 FAA50'. Beginning at the intersection of the westerly (g i' r=" line of the northwest quarter of the northeast 9 515 quarter of said Section 27 with a line that is 6 CIAL RECORDS parallel with and distant southerly 42.00 feet, SAN LUIS OBISPO CO., CALIF. measured at right angles, from the center line COUNTY RECORDER of Foothill Boulevard, as said center line is shown on a map filed in Book 15, Page 42 of MAY 9 - 1969 Record of surveys, in the Office of the County Recorder of said county; Thence easterly along said parallel line to the W easterly line of the land described in the deed to William Clark, recorded July 28, 1898, in .ARFw6 Book 42, Page 134 of deeds, in the office of ,._,_ •_._.._ the County Recorder of said county; MAIL TAX STATEMENTS TO: same as above Thence northerly along said easterly line to the southerly line of the county road from San Luis Obispo to Los Osos Valley (now known as Foothill Boulevard) as recited in said deed; Thence westerly along said county road to the westerly line of the northwest quarter of the northeast quarter of said Section 27; Thence southerly along said westerly line to the point of beginning. 00- 00.00 1 00 -24.75 2 100 -24.75 8 J� f s t VOL1516 FAA50'. This Deed is made pursuant to that certain Order Authorizing Conveyance of Real Property for Street Purposes, which Order was made and filed by the Superior Court of the State of California, in and for the County of San Luis Obispo, on April 7, 1969, in that certain proceeding pending in said Court entitled "In the Matter of the Estate of ALBERT H.NELSON, also known as ALBERT NELSON and A. H. NELSON, deceased ", and numbered 12123 in the files of said Court. Dated: April A—?*—, 1969. -2- i :.� .► Iv.1' /L/ Executors of the Will of ALBERT H. NELSON, deceased LVO11516 ?AcE651 • y STATE OF CALIFORNIA ) CITY AND COUNTY OF SAN FRANCISCO) On April 11, 1969, before me, a Notary Public in and for the City and County of San Francisco, State of California, personally appeared AUGUSTUS L. CASTRO, one of the Executors of the Will of ALBERT H. NELSON, deceased, known to me to be the person whose name is subscribed to the within instrument and acknowledged that he executed the same. lesenneeuuvaereavunvaemaveuuvn eteeeeeaeaeenee ■ 5 tom; JEANNE A. MEYER ;*I NOTARY PUBLIC - CALIFORNIA m c =. p�•� Notary Pu is �. I:O UPI f'l UI� nM 1-1:: \N CI::CO ' N:y commiaio^ e:.p:res reu. 18, 1973 m j: aaeae.uuv to, a,7sae:cuu..:ac.»:: :c:essxyrs:veewuarc / /My commission expires: STATE OF CALIFORNIA ) COUNTY OF SAN LUIS OBISPO) On April /2 , 1969, before me, a Notary Public, in and for the County of San Luis Obispo, State of California, personally appeared STANLEY H. NELSON and WILLIAM A. NELSON, two of the Executors of the Will of ALBERT H. NELSON, deceased, known to me to be the persons whose names are subscribed to the within instrument and acknowledged that they executed the same. a � r.A L YrIum �hR � d Not Public s s oBc ouim FORIOA My commission expires: -3- LVOL1516 FAcE652 P . .. . CERTIFICATE OF ACCEPTANCE sssssssssssssss THIS IS TO CERTIFY that the interest in real property conveyed by the Deed dated April 12, 1969 , XRXXXX from William A. Nelson, Stanley H. Nelson, and Augustus Castro, Executors of the Will of Albert H. Nelson, deceased 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 Nay 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: April 21, 1969 CITY OF SAN LUIS OBISPO By ATTEST: Mayor Clerk c ft'i"D OF LVA516 PACE653 I City of San Luis Obispo 990 Palm Street San Luis Obispo, California 93401 Attention: Harold Johnson, City Attorney Gentlemen: February 18, 1969 Re: Foothill Boulevard Street Widening Acquisition The undersigned hereby agree to sell to the City of San Luis Obispo, hereinafter called "City, " real property located in the City of San Luis Obispo described as follows: That portion of the northwest quarter of the northeast quarter of Section 27, Township 30 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 thereof, described as follows: Beginning at the intersection of the westerly line of the northwest quarter of the northeast quarter of said Section 27 with a line that is parallel with and distant southerly 42.00 feet, measured at right angles, from the center line of Foothill Boulevard, as said center line is shown on a map filed in Book 15, Page 42 of Record of surveys, in the Office of the County Recorder of said county; Thence easterly along said parallel line to the easterly line of the land described in the deed to William Clark, recorded July 28, 1898, in Book 42, Page 134 of deeds, in the office of the County Recorder of said county; Thence northerly along said easterly line to the southerly line of the county road from San Luis Obispo to Los Osos Valley (now known as Foothill Boulevard) as recited in said deed; Thence westerly along said county road to the westerly line of the northwest quarter of the northeast quarter of said Section 27; Thence southerly along said westerly line to the point of beginning. upon the following terms and conditions: N ELSDN // 1P City of San Luis Obispo February 18, 1969 Page 2 ,z A. PURCHASE PRICE: The purchase price is Twenty -two Thousand One Hundred Fifty -eight Dollars and Fifty Cents ($22,158.50), which shall be due and payable by City as follows: 1. Sidewalk, Curb and Gutter Improvements. On or before December 31, 1969, City shall install sidewalk, curb and gutter across the Foothill Boulevard frontage of said property in accordance with City standards, for which City will deduct from the sum otherwise payable hereunder the sum of Four Thousand One Hundred Eighty -two Dollars ($4,182.00). City agrees to provide all necessary engineering and legal work in connection with the installation of said improvements which installation will include constructing a drop inlet, extending the drainage pipe to the back of the new sidewalk, paving out the street to the new gutter and relocating the existing fence on the property five feet behind the new sidewalk. This obligation is to be of no concern to the escrow agent and shall be handled outside of escrow. 2. Balance. The balance of Seventeen Thousand Nine Hundred Seventy -six Dollars and Fifty Cents $17,976.50) shall be due and payable by City into escrow on the date the grant deed to said real property is delivered to the escrow agent. B. ESCROW: An escrow is to be opened in a title company in the City of San Luis Obispo. The escrow instructions shall be in conformity with the terms of this agreement. All escrow charges are to be shared equally by City and the undersigned; provided, however, City shall bear the full premium for any title insurance and the undersigned shall bear all expense connected with securing the necessary Court Order to authorize the sale. C. STATE OF TITLE: The title to said real property as delivered to City shall be free and clear of any and all encumbrances, except the lien of property taxes not delinquent. D. POSSESSION: Possession of said real property shall not be delivered to you until the escrow is closed in accordance with the terms of this agreement. E. TIME Both City and the undersigned shall use their best efforts to close the escrow within thirty (30) days from the date this agreement is signed by both parties. Estate of Albert H. Nelson By:. S , A f--� 11 C0 - 94416 ► ACCEPTANCE The above offer is hereby accepted and the terms and conditions set forth above are agreed to this 3rd day of March , 1969. City of San Luis Obispo By: Mayor . %.I, - -- I EXHIBIT r-K714r � , jh e-7 --- Nz t. ES 5 CA IZ 68) OA �'S'i0ly�v /iS.G Title Insurance and Trust Company 1141 Chorro Street - P.O. Box 810 - San Luis Obispo, California 93401 DATE 5 -9 -69 ORDER NO. 94867 ESCROW OFFICER Ponomaroff ESCROW CLOSING STATEMENT 7'10 VV F City of San Luis Obispo • 990 Palm Street Nelson et al • San Luis Obispo, California L J I T E M S DEBITS CREDITS SALE /PURCHASE PRICE 22, 158.50 DEPOSITS 18, 286.07 DEPOSIT RETAINED Paid outside of escrow 42182.00 EXISTING LOAN NEW LOAN 59.35 40.00 PRO -RATA - TAXES - INSURANCE -INTEREST - RENTS 149.25 TITLE INSURANCE POLICY FOR $ ESCROW FEE ' fee 51.50 RECONVEYANCE FEE PREPARING DOCUMENTS NOTARY FEE REVENUE STAMPS ' fee 12.38 RECORDING: order confirming sale 9.20 TAX COLLECTOR COMMISSION INSURANCE CHECK HEREWITH 67.89 BALANCE DUE TOTALS 22 8.07 22.50 .07 SAVE FOR INCOME TAX PURPOSES ES 5 CA 13 681 Title Insurance and Trust Company 1141 Morro Street - P.O. Box 810 - San leis Obispo, California 93401 DATE Vi vV 5-9 -69 ORDER NO. 9Y4867 ESCROW OFFICER g�.�ii W�1Y f f ESCROW CLOSING STATEMENT i F City of Sao lade Obispo • "0 palm street Nelson et al San Isis Obispo, California fern A L I I T E M S DEBITS - CREDITS SALE /PURCHASE PRICE 22* 158, 50 DEPOSITS 18 9 286 * 07 DEPOSIT RETAINED Paid outside of escxx 7 4,182,00 EXISTING LOAN NEW LOAN mm 92711911 40.00 1pep9n pdd gad" PRO -RATA -TAXES 59935 - INSURANCE -INTEREST - RENTS 149.25 TITLE INSURANCE POLICY FOR E ESCROW FEE fee 51,50 RECONVEYANCE FEE PREPARING DOCUMENTS NOTARY FEE REVENUE STAMPS fee 12,38 RECORDING: order OOAfirmin Sale 9,20 TAX COLLECTOR COMMISSION INSURANCE CHECK HEREWITH 67,89 BALANCE DUE TOTALS SAVE FOR INCOME TAX PURPOSES o Title Insurance and Trust Company 1141 CHORRO STREET • P. O. BOX 810 • SAN LUIS OBISPO, CALIFORNIA 93401 • (803) 343 -2900 CHARLES F- DORSEY ASSISTANT VICE PRESIDENT AND MANAGER May 9 , 1969 MAY iM89 Cn 1 City of San Luis Obispo N ;; Tr 990 Palm Street San Luis Obispo, California 6' 4 Attention: Mr. Harold Johnson City Attorney Re: Escrow No. 94867 -PP Gentlemen: The above escrow was closed on May 9, 1969, in accordance with instructions. Enclosed please find the following: 1. escrow closing statement. 2. our check for $67.89, representing refund due you. 3. Title Insurance and Trust Company Policy No. 94867. Your Grant Deed will be sent to you direct from the County Recorder's office. Thank you for this opportunity to be of service. Very truly yours, Phylli Ponomaroff Escrow Officer PTP:plf Enc. To 1012 FC p -eal California Land Title Association Standard Coverage Polity 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, devisees, 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, howgXpt Mite provrs of Schedules A, B and C and to the Conditions and Stipulations hereto annexe3�` Pr1� AND TR41 11, J� •0 ME IS PROs s� t j Zy e °tia98E8�. Title Insurance and Trust Company has caused its I�itaie�.cj��ereof, p y cc 2porate t a�d seal to be hereunto affixed by its duly authorized officers LA / —.t .L . - ( tin;thedate %hgr Schedule A. F— �T a� ✓1 ® z f 0 ti Title Insurance and Trust Company : �. by \'NGELE`` r ,V{+ �^^' PRESIDENT Attest Gl . O , / hf)Kuo- NW t*w q ,G(_ SECRETARY (Aayod slyl ;o aBOd 3soI uo papnpuo) puo panuuuo:) suopolndf3S puo suot4!puo:)) ;o ivawAed ;o iapuii io ivawArd 'asryo and yms :ssaupaigaput pips asrg3ind w uolido iqi anry (legs Aurdwo:) aqi `AxIod sly) Aq paiaAO3 agrguow p Aq pampas ssaupaigaput aqi ;o iaumo aqi Aq A3yod sty iapun pawTrh st ssol asri ul 'io 'A.3yod sty? ;o wnowe lln; ayi Aud oi io isurrgr pamsut wrrp Aur painsul ay ;o awru ayi Tit io io; aslwoidwoo io apps io Apd o; uopdo aq) anry llrqs Auedwo:) 041 SWIVID 3SIW -08dW03 80 31113S 'Aw Ol NOIldO '9 •Aillod stye iapun uonur Aur ;o pains -ul ay7 Aq a3uuuaimeut isulrgr iug anrsnp -UO3 a aq Ilrgs •pay Sods aio;aquraiaq awti aql utyilm uorae yms aivawwoJ of to •alrump 10 ssol o itiawamis yms gslwn; w ainp _ •, . 11up Auttii prrs ;o uolirildxa ial ;r SmaA any uryllm uoaiagl Paouawwoi aq Ilrys uonou ssalun bilod sty) iapun painsul aqi Aq peq aq iluys A3aAOia] ou pur 'paystwn; uaaq anry lir4s ;Uawalris yms jai ;u sArp 14inp 1)3un .bilod sig3 iapun painsul ay) of anioor Ilrys uoll.3p ;o rygri OU pur 'pawwiaiap uaaq anuq Ilrys airump io ssol y3ns ial ;r sArp Aixls utyilm Auedwo� ayi of payswm; aq Iiegs Aillod sryi iapun alqufl sr AurdwoD ay Pawrrp sr it giTym io; agrump io ssol Aur ;o Rullum u1 ivawaieis a '(q)j, ydeigried iapun Paimbai samlou aqi of uourppr ul NOI13V JO NOILVIIWII — SS01 i0 33110N 'S paiiniui os asuadxa Aur io; painsul ay asingwlai llrys Auudwo7 ay3 pur 'got - paaooid 10 uoww yms guipua;ap io gwl - noasoid io 'sassaunm WuTUm3go 'a)uapina luunoas 'mawal33as $ulna; ;a ul ' lulpaaioid io uorar yms Aux Tit prr algruosrai fir Aurdwo:) ayi ants Nuys painsul aqi Aurd -wo7 aql Aq pa3sanbai ianauayAX 'asodmd yms io; painsul ay3 ;o awru ay3 'uolido sll lx 'asn w it ;twiid pup 'utaiatp slraddr Ile pur 'gurpaaowd io tionx! yms w asua; -ap aptnwd 10 aiTnasoid Os w ig2p ay3 31 w ainias Ileys painsul aqi 'gulpaaioid 30 uunae Aur ;o asua;ap ay3 ioi aptnoid io aln:Tasoid w Aurdwo7 ay3 saimbai 10 sitw -iad 'bilod sryi aiaym sasro Ili Ul (p) ,bilod stye ;o uoisrnoid Aur amain io 'Uflrgeti apaiuoo Agaiay3 loo llugs pur iapunaiayi algry ag llrys it iou io iay3aym Aitlod sigi )o swiai ay3 iapun uonor ampdoiddu Aup a>lui Arw Auedwo:) aqi pur :painsul se agr8 -iiow ay3 ;o UaTI ay3 10 isaialut 10 a3rlsa ay3 ;o app ay3 ys99risa o3 algensap io Amssa3au aq Apw uotutdo SIT Ut yitym ar 30430 Aur op io lulpaaioid in uotlir Aur ainiasoid puu ain;psur o3 isoi umo sn 3u iygu aq] anry IMIS AurdwOD aql (a) aitpnfaid yms ;o 3ualxa ayl W Aluu uagl pur amltt:; yms Aq paotpnfaid Allenpi aq prgs Aurduw:) ay ssalun painsul Aur ;o wiry aqi aitpnla3d asri ou Tit llrgs A;riou o3 amlle; 3ryi 'ianamoy 'piprnoid :amuutiii pur asrao Iluys iaimw io gurpaaiwd 'uonoe yms ;o iaurtu aafgns aqi 02 pirgai ui Aurdwo:) aqi ;o Ai'Ifgrfl Ilu wip •app ;o Alytgxialmut -un pawtep ;o uosrai Aq umpafai yms Aur ;o Auedwo:) ay3 A;Tiou Alidwoid •Sugtji w 'iou lluys painsul ay ;t m 'painsul ayi ;o aspalmouj aqi o3 awo.3 lluqs yirym suiryr pamsut aaurigwnDua io uaq -iiia; -ap Aur ;o AurdwuD ayi Apiou Alidwoid 'luntim Tit 'IOU llrys painsul aqi ;f io slur -pwld so ssamid ;o 3dlaia3 0141 30 SAxp UO3 UTyilm Aurdwo:) ayi of uanlg aq iou lluys ainou qms 3I 9uppm- w )oaiayl AurdwoD aqi A;nou Iirys painsul aqi 'alquia>mw -un sr pa;oafat st lsaiaiut io airisa pits 03 app ayi Juana yms Aur ul pur asry3 and of sasn;ai Aigod sryi Aq paianoi asug -3]ow a iapun airs amsopaio; r ;r iapprq In;ssai3ns aqi ;f in 'avers ay agrguow 10 aspal 'llas w sarnuoi 30 sasral glle; pool Ur painsul or i •io *bilod sryi Aq paiano.) agusnow r. A pamias ssaupaigip -UT ayi Ilas of aui4uo3 yire; pool ul pugs pamsul ay ;T io 'bilod sryi ;o imitn Aq alquil aq Arw io llrys Aurdwo:) ay g3igm io; a2rump io ssol asnri iggw yxgm 10 'pamsul sr agug)iow ayi ;o wil io lsaial -UT •i0 am)sa ayi ;O apq ayi 03 asianpr ST yif4°t isaialut 10 a1311 ;o wrrh Aur ;o pains -ul ayi of aWOJ guys aspalmouj aseo ul io 'pasodia;uT asua;ap io 'ungaq aq llrys suT - paaooid io uorar qms Aur asro ul (q) 'liosai 3srl 33o uno� ayi ur UOTmUTwiaiap Iruy of uoyr8P11 Aur ans -ind Arw pur 'bilod slgl Aq isulrgr pains -ut aiurigwnoua io Uarl 'aa;ap Pagallp up uodn papuno; sl sitiana yens ;o Aur w U011DU io uonm9liq gafgm 'painsul sr agr8 alow ayi ;o Owl ay] 30 1SJia3U1 io airisa 0141 ;o allp aqi ysflgrisa 01 alepdoiddr aq Arw sr uorar yms 1o; (Z) io :purl pits w ;saialw 10 airisa ay3 ;o airs a io b!lod sfgi Aq paiano) ssaupaigaput pur asr8 -iuow ay ;o airs io amsopaio; p 3sum9t: pasodia3ut suotaunfut io 'Siapio gututeasai 'sasua;ap in 'pamsul aqi lsulrsr paauaw -woi sgurpaaioid 10 suorou ;o lunsisuoi uorm9pti .ljr w painsul ayl ;o asua;ap aqi io; (l) aprnoid Ilrys Arlap anpun moylim pur 1503 UMo sir )r AUVdwO:) aq,l, (r) 03anSNl 3H1 A8 MAID 38 Ol WIVID i0 33IlON- SN0IL3V AO Noun:)Mlld 0NV 3SN3d30 'b •a2palmou3l ;no -glfm amen io; iaourigwn3ua io iasegimd r aiam painsul ay ;t pauirisns uaaq anuy iou pinom yirgm aWrwep io sso•t (a) ;oaiay amp aqi w ivanbasqns pairaio io guiLlim a (q) io 'lur -WTUID painsul aqi of ssol ou UT 1u11lnsai (£) io :A)god sfgi ;o amp ayi w loud Aurd -wo7 043 of aprw uaaq anuy Iluys painsul ayi Aq Wunum w ;oalayi ainsopsip ssalun 'spio)ai iggnd aqi Aq Umoys iou puu bilod sryi Aq pamsut isaiami io airisa up paitnb -or lurwirlD painsul Lions airp aql it io Aagod sryi ;o amp aqi le iayira muwrelD painsul ay of umouil (Z) io :alrwrp io ssol gutwtrli painsul aql Aq of paaigr io pawnssr 'paia;;ns 'pairan (t) siaimut iayio io painsur se app ay3 ISUMST! swTrp asianpr 'saiurigwnitia 'suag 'saa;aa (p) utaia14 papnpxa io paida=) asrmiaylo ssalun •SAumygty io s)aans yips ;o auo 01 ss333r lo; siaumo gutnnqu ;o siysli Airuipio ay samsur bilod sryi sAr.aglty io siaaiis uido ApritsAyd 93OUl io auo uodn singr purl ay) ;T mgi ldaixa 'pamsut air sivawasua 10 s3y8u 'Aladuid yms Try saprnoid AIie -3r3uads Aayod sryi ssalun uraiayl sivawasra io sulsu Aur; io awwanoidwt io a3n13niis iayio Aur io sduri 'slauum 'silnpn utaiagi wrmreui of iggu ay io •smgr purl yms yilym uo sArmiairm io sArm 'saurl `sanu -ane •sppoi 'Slaans 03 alM io '' alnpayoS uT paquosap Alssaidxa purl aq: ;o sauq ay3 puoAaq Aladwd hue o1 aptl (�) ;oaiay amp aql ;r spio.aai iggnd ayi w slraddr. siygu Bons ;o aslvaxa aqi ;o a3nou ssalun umwop wawwa io iamod aagod;o.siy8u Irivawuianoio (g) -purl ;o la»;d io lol Aur, ;o raie x3 suorsuawip' ayi ui'tiolanpai r io digsiaumu UT uorlriedas IT gutirgTgoid io 'purl lilts uo paaaia Jal;uaiag JO mOU 3Uawawwdwi Aur ;o uol;riol io 'suolsuawip 'iaariryi ay BuTmInlai io 'purl aqi ;o ivawAofua io asn 'Aiuudm3o aqi guptglywd io gut3rinWai io lulalilsai (saiuruTpio suluoz pur 8wpllnq o) painuq iou lnq lutpnput) Uogrin8ai IrlUawwanog iO aiueurpio 'mrl Auy (r) :gulmollo; ayi ;o suosrai Aq agrwrp io ssol isumST: ainsuT.,IOU saop bilod sryi, A3110d SIHl JO 39Vb3A03 3HL WOM SNOisnnn 'v •;oaiaq suop - rindps pur suontpuoi ayi ;o ili of aafgns 'Alflumawn37sin i0 Aivagr 'pamsul yms ;o ionr; w a:)io; w anurluw llrys Ajrlod sryi ';oaiagi 3ird Aue in 'A7god sty) Aq Paianoi agplliow r Aq pamias ssaupaigaput ay got -aawtarng 10 QUTinsut Awri a io 2313311107 aiurmsui up ;o - aivaubasuoi a se ';oaiayi ;iud Aur io '3saiaiur io airisa pars saitnbae Aulrivawwisut io buagr leiapa; r ;r io ';oaiay; ;led Aur io ' ssaupaigaput prrs ;o uopar;st;es Ut iauurw irlal iayio io 'airs s aaisn)3 'amsopaio; Aq ';oaiay; urd Aur io 'isaia;ur io am3sa prrs saitnbir g aln -payos w paquosap aspgiiow u Aq painias ssaupaigapui alp ;o sumo painsul up ;l 31111 i0 NOI11SIf10w 1131dV S11d31438 'Z ;oaiay suotstnoid aqi w astmiag)o loafgns 'IOU io uraiaq painsul up sr pawru iaylaga ';oaiayi urd Aur io ' ssaupaigaput ptrs gulaamplrng io Suunsul A3urieng io arii -uo:) aiuwnsui or iapun ioitmiung io Jams -UT Ur St girgm A3Tlritiawniisuf IO buage friapa; Aur M pur •ssauPalgapur pees ;o uonir;sr3rs uT iauuw r lusal iayio 30 'airs s aaxw3 'amsopaio; Aq Aotlod srgi ui o; paiiapi ;saiiwi io amisa ay; saimbir ogm iaumo vans Aur (Z) •ssaupaigaput yms ;o digsiaumo ui )saaaiul uT iossaoins yira (t) apnlout llrys painsul ay3 •y alnpayoS ul painsul ur • se pawru si g alnpayiS ui umogs agrgiiow' a Aq palnias ssaupaigap -w ayi ;o iaumo ayi ;1 pup 'painsul sr Paw= sapird io Aurd ayi :,,painsul„ (;) pur auawniisui Aiumas iayio io 'paap ;snii 'isnil ;o paap agrguow :,agrguow„ (a) :airp aAtlia; ;a ayi a)pP.. (P) !spiooa3 irlgnd Aur ;o uosrai Aq painsul aqi w palndwl aq Arw 431ym aipou io agpalmouj aAl13ni1stioi IOU 'agpalmou> lunar :, agpalmoUil„ (i) '- -purl PTT3S 03 gullriai sialmut ;o aitloU anfuniisuo:) iirdwT gotgm spiwai asoyi :,,spiooai oygnd„ (q) :Aiiadoid Iuai aimusuoo mrl Aq Liitgm oway3 paxt; ;r smawanoidwt pur 7 alnpayos w 'aivaia;ai Ag io Alli oyTiads •paquisap purl ay3 :..Purl.. (r) :uraw bTlod srgi w pasn uaym swiai guimo1lo; ayy SW831 i0 NOILINId30 'l SN0I.Ld'If1dI1S QNV SN011IQNOD 94867— CFF /MM TO 1012 -1 AS C Califomla t.a,d Title Ax lotion SCHEDULE A Standard Coverage Policy -1963 Premium $ 1499 25 Effective Amount $ 22j.1 5 8, 50 Date MAY 9.0 1969 AT 8:01 A.M, Policy No. 94867 INSURED CITY OF SAN LUIS OBISPO 1. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF SAN LUIS OBISPO* 2. The estate or interest in the land 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. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not 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. M 1012.1 a CaM. C Califs la Land Title Anodatlan Standard Caveme Pellay -1969 94867 -CFF SCHEDULE B— (Continued) PART II '1. GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR THE FISCAL YEAR 1969 -1970, A LIEN NOT YET PAYABLE, 94867 -CFF TO 1072 -1- 1056.1 C OC C American Land- Title Asociation Loan Policy Additional Coverage =1962 or California Land Title Association Standard Coverage - Policy-1963 SCHEDULE C The ]and referred to in this policy is described as follows: THAT PORTION OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 270 TOWNSHIP 30 SOUTH.. RANGE 12 EAST, MOUNT DIABLO MERIDIANO IN THE CITY OF SAN LUIS OBISPOO COUNTY OF SAN LUIS.OBISPOv STATE OF CALIFORNIAO ACCORDING TO THE OFFICIAL PLAT THEREOFJV DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE WESTERLY LINE OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 27 WITH A LINE THAT IS PARALLEL WITH AND DISTANT SOUTHERLY 42.00 FEET, MEASURED AT RIGHT ANGLESO FROM THE CENTER LINE OF FOOTHILL BOULEVARDO AS SAID CENTER LINE IS SHOWN ON A MAP FILED IN BOOK 15,v PAGE 42 OF RECORD OF SURVEYSO IN THE OFFICE OF THE.000NTY RECORDER OF SAID COUNTY; THENCE EASTERLY ALONG SAID PARALLEL LINE TO THE-EASTERLY LINE OF THE LAND DESCRIBED IN THE DEED TO WILLIAM CLARKr RECORDED JULY 280 18980 IN BOOK 420 PAGE 134 OF DEEDSO IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY; THENCE NORTHERLY ALONG SAID EASTERLY LINE TO THE SOUTHERLY LINE OF THE COUNTY ROAD FROM SAN LUIS OBISPO TO LOS 0505 VALLEY CNOW KNOWN AS FOOTHILL BOULEVARD) AS RECITED IN SAID DEED: THENCE WESTERLY ALONG SAID COUNTY ROAD TO THE WESTERLY LINE OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION @8: THENCE SOUTHERLY ALONG SAID WESTERLY LINE TO THE POINT OF BEGINNING. N T� o. H �N N N C 0 ° y n ° CD ° N `°c H 0 o a c o CL ° 3 _ 4 N n ° 3N 0 E� �a T; 3 .g m Q. 0 U S .� a'k �i 0 ui �1 1 i i i 1 ii Qi i, 11 1� i i iI 1 1 1 � 1 CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) the full amount of this policy, together with 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 he 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 (I ) 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 polity, 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 voluntar satisfaction or release by the In- sured ofra 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 polity the loss or damage shall be pay- able within thirty days thereafter. S. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage here- after executed by the Insured which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a 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 hears 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. O Title Insurance and Trust Company