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
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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
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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.
P -218 (G.S.) •arau eri..o eonw.r m M.nu. ftgm r.e...a o..r.
;��uRpoeaTfo•o�� �-
MARCH. 5"g6�•� %
s
CA•�••� �j \Q President'
An Au rized Signature
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SNOIlvifIdIls (INV SNOI.LIGNOD
LIU U
P-218-A (G.S.) 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.
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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.
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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..
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An Authorized Signature
P -218 (G.S.) ®sa «o inwn«. CanprW m Am�nu, nw.o..s n•a�nmw awM,.
President
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ay iapun Unilae aletidoidde Aug ajlei
Auto Suedwoa ay pus !pajnsut se aced
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ay1 jo allu ayi gsgqvisa of algsltsap jo
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jaylo Aug op ao Jut
paaaoid jo uouae Aug
amaasojd pug aimpsut of isoa umo sit iv
igJu ay anvq I[egs SundwoD ayy (a)
•aatpnfajd
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lleys SuedwoD ay ssalun painsul Aug
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jo Jutpaaaojd 'uotiae gans jo janew
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pawlr[a jo u0seaa Sq uotlaafaj yons Aug
jo Suudwo:) ayi Sjuou Slldwoid 'Juqum
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uaq yxgap Sue jo Suedwo:) ay Sjuou
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ay •alquiajlaewun se paloafai si isajal
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jo ssol asnvo igJtw yatgm ao 'aamsut se
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'sasualap :o 'painsul ayj isuteJs paauaa
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uoiiawl Ile ut pamsuj ay jo asuajap ay
joj (I) ap!noid [lays Selap.onpun inoy!m-
pue 1soo umo sit is 'Susdwo:) aril (e)
painsul ayi Sq
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%yotlaawid 1!palo iawnsuoo„ Suy (j)
•a9palmoujl inoyitm
anlen joj aaauuigwnaua jo jasvyoand s
ajam painsul ay j! pau!eisns uaaq aneg
iou pinom gatym aJrwup jo sso-I (a)
}oaiaq amp ayi of luanbasgns pawaiz)
io Jutgarnp (p) ao :iurwlel:) painsul
ayi o1 ssol ou u! 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
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s!yl jo aiep ay ie iayi!a mutumlo painsul,
ayi 01 u..ioujl (Z) jo !02vwep 10 ssol Jut
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.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
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-)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)
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nol isute8v amsui iou swop Sollod s!g,L
Sagod Snp
JO a2eaano3 aqi wo.1j 9uotenI3X3 •£
•joajay suoneindlis pop suotlip
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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
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•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
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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.
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