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HomeMy WebLinkAboutD-880 Street Widening Foothill-College Square Recorded 04/17/1972STATE OF CALIFOR .NIA ) COUNTY OF Sacramento } SS. On December 27, 1971 1 before me, the undersigned, a Notary Public in and for said County -� and State, personally appeared—Frances Bode m a known to me to be one of the partners of the partnership ythat executed the within instrument, and acknowledged to me that r such partnership executed the same. a' Sigttature Alyc V. Lund _e N Name (Typed or Printed) Notary Public in and for said County and State FOR NOTARY SEAL OR STAMP ALYCE V. LUi�4:1]; i NOTARY PUB;_IC. i SACRAMENTO CALIfORN)A i i Tres Aug ust 10, 1973 i My Comm.ssion Exp . VOL 1664 PAGE 991D 9 j •RECORDING REQUESTED By,, Security Title Ins. Co. AND WHEN RECORDED MAIL TO �--" I NAME City of San Luis Obispo ADDRESS Attn: Mr. Shaw °sTA� City Hall San Luis Obispo, Ca. 93401 -� MAIL TAX STATEMEIITa To NAME ADDRESS see above CITT & STATE I I I t • I 0 Gl 00C. No. 112506 OfFIC1AL RECORDS SAN LUIS OBISPO Mt CALIF. WILLIAM E. ZIMARIK, . COUNTY RECnPPER APR 2 41972 o6339 09-24r 00000. RECR 06339a24r" 00000sT COMPAREQ SPACE ABOVE THIS LINE FOR RECORDER'S USE ' Documentary transfer tax. $- ' _none _recquired 4t Computed on full value of property conveyed, or ❑ Computed on full value less liens & encumbrances rem aini g ther at t' a of sale. l eeurity-- Titla..Ins . Co. Signature of declarant or agent determining tax - firm name ❑ Unincorporated area City of. San Luis_Obispo' Grant Deed THIS FORM FURNISHED BY SECURITY TITLE INSURANCE COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, MAINO PROPERTIES, a partnership, composed of T. C. Maino and Frances Bode hereby GRANT(S) to CITY OF SAN LUIS OBISPO, a m=icipal corporation the following described real property in the City of San Luis Obispo county of San Luis Obispo , state of California: Description attached as per Exhibit "A ", consisting of one page. Dated December 6, 1971 STATE OF CALIFORNIA COUNTY OF San Luis Obispo SS. on January 5, 1972 before me, the under- signed, a Notary_,Public in and for said County and State, personally appeared Theo C. Maino kno= to =8 tO be One Gf- t ...._,.._�_ -A• the MAINO PROPERTIES, a partnership, composed of T. C. Maino and Frances Bode B� CAA ..' FOR NOTARY SEAL OR STAMP a acsnowleagea zo me znaz sucn parLnerBnip LS " executed the same °� ++1.c;. e. -. .1 expires June 11, 1973 Signature cf No Lloyd H. Snyder Name (Typed or Printed) of Notary Title Order No Escrow No 89506 —de _I L -1 (G.S.) (Rev. 5 -67) 8 Pt- MAIL TAX STATEMENTS AS DIRECTED ABOVE WM ) PAf.F r N J> FQ Fa 0 }u E— w Q Q U0 W? N W J> } U Q Q UED W? L W J> W LJLz m 0 - a m 0 KO K 0 W < a 0 m ICI lod �m } Q V H L. p LL O U m a J W < . 2 W J < z �J Q } CJ W U 0 p m p LL 0 0 m 0 0 LL r �y m 30_ w ILL. 0 J cc< J U mF m U Z w p U m 0t Y = � w met Cl U ; w U' 0 ° < ° z p � m z < o J a W J> } U Q Q UED W? L W J> o� a m 0 - a m 0 KO Q L a F W ) a z w a J z � C ICI lod �m } Q V W U p LL m p LL O U m a J Nay uJ LL 0 U < w J U rc U �J w U t J Q ¢ I� w U ; w �,d W Z. m -0 < v a o m f11 tJ� z U < J a W J> } U Q Q UED W? L That portion of the Southeast Quarter of the Southeast Quarter of Section 22, in Tvwnsh.ip 30 South, iaaange 12 Past, Mount Diablo Base and Meridian, in the City of San Luis Obispo, County of San Luis Obispo, State of California, according to the official plat or plats of the survey of said lands returned to the General Lead Offict by the Surveyor General, described as follows: Beginning at the Southeast corner of the land described in the deed to Maino Properties and recorded March lo, 1964 in volume 1287, page 558 in the County Recorder's Office; thence South 890 42' 45" nest along the North line of Foothill Boulevard a distance of 49.32 feet; thence North 32° 42' West along the Northeast property line of Chorro Street a distance of 67.89 feet to a point; thence South- easterly on a curve Mth a tangent that bears South 46° 44' 29" East and a radius of 134.00 feet through an angle of 40° 51' 59" for a length of 95.58 feet to a point; on the Easterly lice of the property described in the Deed to Maino properties; thence South 000 39' 45" Hest, along said Easterly line for a distance of 20.59 feet to the point of beginning. 4 s . VOL 1664 PAGE 992 U C: CERTIFICATE OF ACCEPTANCE essssss *e.so..: THIS IS TO CERTIFY that the interest in real property conveyed by the deed dated December 6, 1971 19 , from Mein Properties, a partnership 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 Ivay 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 17, 1972 CITY OF SAN LUIS OBISPO ATTEST: _ MOM END OF DOCUMENT VOL1664 PAGE 93 jECURITY TITLE INSURANCE COMPANY. eseuanrr - ""E P.O. Box 3,145 San Luis Obispo OFFICE City of San Luis Obispo 990 Palm Street San Luis Obispo, Ca. 93+01 Attention: George R. Robertson The above matter has now been completed and we enclose the following: X1 Escrow Statement ❑ Check in the amount of $ ❑ Copy of Letter of Transmittal on Fire Insurance Policy of Title Insurance ❑ Trust Deed Note Date April 25, 1972 Re: Escrow No. 89506 —de Maino Properties Any recorded papers to which you are entitled will be mailed to you from the County Recorder's Office IF YOU ARE PURCHASING THE PROPERTY INVOLVED IN THIS TRANSACTION, AND THE PROPERTY WAS PURCHASED SUBJECT TO ANY TAXES, THEY SHOULD BE PAID PRIOR -TO DELINQUENCY TO AVOID ANY PENALTIES WHICH MIGHT ACCRUE. We appreciate having been favored with this business. We trust that we may again have the pleasure of serving you; and will be pleased to have you indicate this office as your preference in future transactions of this nature. Very truly yours, SECURITY TITLE INSURANCE �COMPANY By Doris M.- Eeckhout, Certified Senior Escrov Officer b1r. E -77 (G.S.) 4 -66 y SECURITY TITLE INSURANCE COMPANY eecupmr rine STATEMENT OF ESCROW NO. 89506 -de OFFICE San Luis Obispo TO CITY OF SAN LUIS OBISPO DATE April 24, 1972 PROPERTY: CHARGES CREDITS CONSIDERATION OR SALES PRICE 9,395.21 $ Paid outside of Escrow Deposits 9 By First Trust Deed By Second Trust Deed PRO - RATIONS MADE AS OF Credit Litigation Guarantee 0.00 CO \IMLSSION PAID TO POLICY OF TITLE INSURAINCE lo4.75 Transfer Tax Stamps Recording Deed Recording Trust lleed Recording Partial geennye=np Reconve yance Fee ESCROW FEE 77.00 Drawing Deed 4.5o Drawing Trust Deed Balance due Balance due you for which our check is enclosed TOTALS $ 91530.46 s.9.,536.46 E -312 (GS) CLTA -1963 STANDARD COVERAGE. AMENDED 1969 . POLICY OF TITLE INSURANCE issued by SECURITY TITLE INSURANCE COMPANY Security. Title Insurance Company, a California corporation, herein called the Company, foi.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 consol- idation, against loss or damage not exceeding the amount stated in Schedule 'A, together with costs, attorneys'.feesand 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 A, 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 , k 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 and B and to the Conditions and Stipulations hereto annexed: In Witness Whereof, Security Title Insurance Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A. e, � A. 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Rev. California T®R Title Association Standard Coverage Policy Form Copyright 1963 SCHEDUL& A Effective Amount of liability: $ 9, 3 25. 21 Date: April 24., 1572 at 1:25 P-m-' Policy No: 89506=SLO Premium 8 104-75 (A =2 -a) INSURED CITY OF SAN LUIS OBISPO 1. The estate or interest :in the -,land - described or referred to in this schedule covered, by, this policy is: 'A fee. 2. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF SAN LUIS OBISP02 a municipal corporation. 3. The land referred to in this policy is situated in the State. of California, County of San Luis Obispo and is described as follows: SEE DESCRIPTION ATTACHED CONSISTING OF ONE PAGE. 0 That portion of the Southeast Quarter of the Southeast Quarter of Section 22, in Tovnship 30 South, Range 12 East, Mount Diablo Base and Meridian, in the City of San Luis Obispo, County of San Luis Obispo, State of California, according to the official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at the Southeast corner of the land described in the deed to Maino Properties and recorded March 10, 1964 in Volume 1287, Page 558 in the County Recorder's Office; thence South 89° 42' 45" West along the North line of Foothill Boulevard a distance of 49.32 feet; thence North 32° 42' West along the Northeast property line of Chorro Street a distance of 67.89 feet to a point; thence South- easterly on a curve with a tangent that bears South 46° 44' 29" East and a radius of 134.00 feet through an angle of 400 51' 59" for a length of 95.58 feet to a point; on the Easterly lime of the property described in the Deed to Maino Properties; thence South 00° 39' 45" West, along said Easterly line for a distance of 20.59 feet to the point of beginning. P-21 8-B (G:S.) _ California Lxmd Title Association Standard Coverage Policy Form Copyright 1963 SCHEDULE B This policydoes not insure against lose 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. 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.correci survey would disclose, and which are not. shown by the public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acls'authori2iitn the issuance thereof; water rights, claims or title to water. PART II 1. General and special taxes for the. fiscal year 1972 -73, now a lien, but not yet due and payable. 0 0. .iz IN to CD m 0. .iz to CD m rm C'3 n 0 rn :0 w C Ri ci cc w c O z CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) requested by the Company the Insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, or prosecuting or de- fending such action or proceeding, and the Company shall reimburse the Insured for any expense so incurred. S. 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 dam- age 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 In- sured 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 conclusive bar against main - tenance by the Insured 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 indebted- ness secured by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness; such purchase, payment or tender of payment of the full amount of this policy, together with all costs, attorneys' fees and ex- penses 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 Company by the Insured, the Company offers to purchase said indebt- edness, 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 Com- pany 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 litigation carried on by the Company for the Insured, and all costs and attorneys fees in litigation carried on by the Insured P -218 (G.S.) 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 encum- brance not excepted or excluded here- in removes such defect, lien or encum- brance 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 title 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 jurisdiction am- taining such rejection. (d) All payments under this policy, except 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 destruc- tion shall be furnished to the satisfaction of the Company; 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 'fanto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such payments reduce the amount of the in- debtedness secured by such mortgage. Payment in full by any person or voluntary satisfaction or release by the Insured 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 payable within thirty days thereafter. B. 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 payment to the Insured under this policy. The provisions of this paragraph num. bered 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 indebt. edness or any part thereof. 9. Subrogation upon Payment or Settlement Whenever the Company shall have settled a claim under this policy, all right of subrogation shall vest in the Company unaffected 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 property in respect to such claim had this policy not been issued. If the pay- ment does not cover' the loss of the In- sured, the'Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss. If loss should result from any act of the Insured, 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 exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. The Insured, if requested by the Company, shall transfer to the Company all rights and remedies against, any person or prop- erty 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 other- wise modify the terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any collateral security for the indebted- ness, provided 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 here- to signed by the President, a Vice Pres- ident, the Secretary, an Assistant Secre. tary or other validating officer of the Com- pany. 11. Notices, Where Sent All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at the office which issued this policy or to its Home Office. 13640 Roscoe Boulevard, Panorama City. California 91409. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. r a co o z _ a .w m T a ° N m U A p ^ A a C C m D uJ m- - a _ T r r m= i m 3 m o r a m r p I > °m o m Z r z r ' ` O, m {� m all o m m Zm ZD n_ m n D < m CLTA -1963 STANDARD COVERAGE AMENDED 1969 POLICY OF TITLE INSURANCE issued by SECURITY TITLE INSURANCE COMPANY' Security, Title Insurance 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 consol- idation, 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 A, 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 and B and to the Conditions and Stipulations hereto annexed.' 'In Witness Whereof, Security Title Insurance Company has caused its corporate name and seal to be . hereunto affixed by its duly. authorized officers on the date shown in Schedule A.. SUR4 �tlll i AO�t rot r:MANCR.5. ,,l��h�cq(I An Authorized Signature P -218 (G.S.) ®sa «o inwn«. CanprW m Am�nu, nw.o..s n•a�nmw awM,. President - P. 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JupInsaj (£) jo :Sollod stye jo aiep ayi o1 loud SuvdwoD ayi of appw uaaq aneq llegs painsul ay Sq Jut gum u! joajayi amsolas!p ssalun 'spaoaaa ollgnd ayi Sq umoys iou pug Sagod stye Sq pamsul isaaalul jo alrlsa us pa.nnbae iuu -ugu[j painsul gans aiep ay is io Sollod s!yl jo aiep ay ie iayi!a mutumlo painsul, ayi 01 u..ioujl (Z) jo !02vwep 10 ssol Jut -wlvlo painsul ay Sq of paa.LJs jo pawns .se 'paiajjns 'paieaja (1) sianstu jayio jo painsul se au9 ayi isutaJR swtpla asjan -pe 'saaurjgwnaui 'suail 'slaajau (p) -ulaaay papnlaxa jo paldaa -xa aszmaaylo ssalun 'sAumgJly .10 slaajis gans jo auo of ssaaas joj slaumo Ju!nnye jo slyJtj Sjeu!pio ay samsu! Sollod stye sSemgJtq jo slaajls 11ado Sllea!sdyd ajow jo auo uodn singe purl oqi j! ivy ldaaxa 'painsul alp sluawasra jo slio!i :4uadojd gans ley[ .sap!Aoid S[leatj!aads Soyod '. stye ssalun ulajayl sivawasea jo siyJu -Sus JO :luawanojdwt io ainlanils iaylo Aug. io sdulvi 'slauuni 'sllnan M91041 utelu!piu o1 iyJtj ay io 'singp purl yons yotgm uo sSemiaiam jo sAom 'sausl 'sanuanr 'speoi 'slaaais of aliP io 'd alnpayaS ui paquasap Slssaidxa pool ay jo sauil ay puoSaq Sitadoid Sup o1 arty (a) joajay aiep ayi it spaoaaa ot[gnd ay ui sivadda sigJlj yons jo aslowxa ay jo aollou ssalun uivwop luautwa ao aamod aagad jo siyeu leluawzuan019 (q) •puvi jo lolled Jo 101 Sue jo sale jo suotsuawtp ay ul uopanpai u io dtys:aumo u! uoupardas e Jutllq!yoid jo 'puvl pigs uo paloaja iallu -)jay jo moo ivawanoidttn Sur jo uozleaol io 'suotsuawtp `aaiaeaeya ay JupvinJai :o 'purl age jo lumAofui jo asn 'Souednoao ayi Juntgtgoad jo Ju9alnJaj io Junatnsa: (saoueutpao Jutuoz pue Juip[lnq of pal! Wt[ iou inq 2 ipniau!) uoilalnSa: Ieluaw uaanoJ so aoueutpjo 'me[ Suy (e) :Jutmolloj aql jo uosew Sq aJewap jo nol isute8v amsui iou swop Sollod s!g,L Sagod Snp JO a2eaano3 aqi wo.1j 9uotenI3X3 •£ •joajay suoneindlis pop suotlip -uoa agl jo Its of ioa .fgns 'dlt[sluaumijsut jo IauaJe 'painsul gons jo joeej ui aaaoj ui anutluoa lisps Sagod sigi 'joajagi iced Aug io 'Satlod stye Sq pajanoa aJviijow s Sq painaas ssaupalgapu! ay JulaaluvlvnJ ao Ju!msu! SiuraanJ ao toe :luoa aaue:ns -ui up jo aouanbasuoo a se 'joeaatu usd Sus ao `isajalui, io alelsa pies saatnbas S .jumawnimi jo Saua2v Isaapaj s j! :o 'joajagi laud Sus jo 'ssaupaigaput pies jo uotiosjs9es ul aauuvw JR211 jagio jo ales s,aaisnal 'amsolaaioj Sq 'joaaayl usd Sus 30 'isaaa]Ut :o aiplsa pies saambav g aln payos w paquasap aJpJijow a Sq painaas ssaupalgaput ayi jo jaumo painsul up jI als!Z jo uoii!slnbaV aaiju sigauag •g •joalaq suotstnoid ay of asim -aayio laafgns you io utaaay painsul us sr pawsu xatpagm ' joaaayl usd Aug jo 'ssaupaigaput piss JulaalueaenJ jo Jutinsut - SluearnJ jo uvjluoa oauvmsui up japun ,joluvjenJ io ja.msui up s! yo!gm SU[¢i - uaumaisut jo S3ua9e Islam Aug (£) Pus 'ssaupalgaput pies jo uotiaejs[ies u! aau -uew IMIal iayio ao 'alas s aalstul 'aansolo -ajoj Sq Sollod styi ut 01 pajjajaj lsaaalut io alelsa aql saimbas oym jaumo gans Aug (Z) `ssaupalgaput yons jo dtgsaaumo ui lsaaalut ui iossaaons yaea (I) apniaul Ilegs pamsul ay d alnpayaS ui painsul up se pawsu st g alnpayaS ut umoys oJOijow v Sq painaas ssaupalgaput ayi jo jaumo aq) F pue 'painsul se pawsu sallied io flied aql :,,pajnsut„ (1) pus :sluaw - naisut Slunaas iayio jo 'paap is" `lsnal jo paap - 'a9s8uoiu : "020guow„ (a) :aiep anllaajje aql :,,a18P„ (P) :spaoaaa aggnd Aug jo uoseaj Sq painsul ayi of palndwt aq Area yatgm aa!lou jo aJpalmoujl an!lonalsuoa iou 'a8p3lmotl3[ IM0e aJpalmouj,, (0) :pus[ pigs 01 Jupula: sjai -low jo 'aatlou an9atulsuoa uvdwt gatgm spaoaaa asogi :,,spaoaaa aggnd„ (q) :SUadoad Iva: alnitlsuoa mel Sq gotgm oiaiayi paxy!v sluawanojdwt pop V ainpagoS u! 'aavaaalai Sq jo S[le3y!0 -ads 'paquasap pus[ 9111 :,,purl„ (s) : usaw Satlod stye ut pasn uaym suual Julmolloj aqj• UULWy jo notilagaQ •) SNOIIV IfIdI.LS (INV SM01IIQNOD P -218 -A (G.S.) Rev. Califomia Land Title Association Standard Coverage Policy Form Copyright 1963 Yi. V SCHEDULE A Effective Amount of liability: $ 99325.21 Date: epr!—!Ll 244P 1972 at 1:25 p.m. INSURED Policy No: Premium $ 1 .75 (A-2 —a) 1. The estate or interest in the land described or referred to in this schedule covered by this policy is: A floe. 2. Title to the estate or interest covered by this policyt the date hereof is vested in: CM OF UN IBS OMFO, a MMICipal corporation. 3. The land referred to in this4`61icy is situated in the State of California, County of SM LOU Obispo and is described as followiv" That portion of the Southeast Quarter of the Southeast Quarter of Section 22, in Tovnship 30 South, Range 72 East, Mount Diablo Base and Meridian, in the City of San Luis Obispo, County of San Luis Obispo, State of California, according to the official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at the Southeast corner of the land described in the deed to Maino Properties and recorded March 10, 1964 in Volumae 1287, Page 558 in the County Recorder's Office; thence South 890 42' 45" West along the North line of Foothill Boulevard a distance of 49.32 feet; thence North 32° 42' West along the Northeast property line of Chorro Street a distance of 67.89 feet to a point; thence South- easterly on a curve with a tangent that bears South 460 44' 29" East and a radius of 134.00 feet through an angle of 40° 51' 59" for a length of 95.58 feet to a point; on the Easterly line of the property described in the Deed to Maino Properties; thence South 00° 39' 45" Weut, along said Easterly line for a distance of 20.59 feet to the point of beginning. W P -218 -B (G.S.) California Land 'title Association Standard Coverage Policy Form Copyright 1963 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. PART II 1. Ganeml and apecUl tGW8 for tl a Piacal year 2972 -73, +ou a lien, but not yet hue and payable e O CO, T m M Co w 14A O CO, T m M Co w CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) requested by the Company the Insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, or prosecuting or de- fending such action or proceeding, and the Company shall reimburse the Insured for any expense so incurred. S. 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 dam- age 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 In- sured 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 conclusive bar against main- tenance by the Insured 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, indebted- ness secured by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness; such purchase, payment or tender of payment of the full amount of this policy, together with all costs, attorneys' fees and ex- penses 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 Company by the Insured, the Company, offers to purchase said indebt- edness, 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 Com- pany 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 litigation carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by the Insured P -218 (G.S.) 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 encum- brance not excepted or excluded here- in removes such defect, lien or encum- brance 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 title 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 jurisdiction sus. taining such rejection. (d) All payments under this policy, except 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 destruc- tion shall be furnished to the satisfaction of the Company; 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 in- debtedness secured by such mortgage. Payment in full by any person or voluntary satisfaction or release by the Insured 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 payable within thirty days thereafter. 8. 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 payment to the Insured under this policy. The provisions of this paragraph num- bered 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 indebt- edness or any part thereof. 9. Subrogation upon Payment or Settlement Whenever the Company shall have settled a claim under this policy, all right of subrogation shall vest in the Company unaffected 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 property in respect to such claim had this policy not been issued. If the pay- ment does not cover' the loss of the In- sured, the'Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss. If loss should result from any act of the Insured, 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 exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. The Insured, if requested by the Company, shall transfer to the Company all rights and remedies against. any person or prop- erty 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 other- wise modify the terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any collateral security for the indebted- ness, provided 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 here- to signed by -the .President, a Vice Pres- ident, the Secretary, an Assistant Secre- tary or other validating officer of the Com- pany. 11. Notices, Where Sent All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at the office which issued this policy or to its Home Office. 13640 Roscoe Boulevard, Panorama City, California 91409. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. 9 rrnn r > _ UJ o z _ m_ ae Z m Z > ° > �p ` U A 0 YJ r o ° > °o C 0 f n = D m - - a C..� r m < m 3 Z M m _ m O im TI J ^ > m m O m 1C r m m3 > � D 1 0 m- m O 0 o T o n M r A r z m r O M n m> ->m D� " A < r Rl 0 m m YJ Zm On C D Z D n- m� n D <r __ m