HomeMy WebLinkAbout; GREENWOOD, ALICE E.; 201617; PropertyLJ I us1 Lcscrow .... .
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.. e " , *- N;mber 78.5136 .......... Number .... k n 3577 ....... -&p#Jj .( > E ." . *a .g 2
RECORDING REQUESTED BY
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WHEN RECORDED. PLEASE MAIL TO RECORDED REQUEST OF
NOV 12 9:OQ !d% 'a*
john ... sl.ate r,... CitE..~.~ ......................
SA[V DIEGO @UWR, cmF; .~.6~...m?...~%.c!J .......................................................
SERIES 4 8ooE 1963 :
........................................................................................... City.. of Carlsbad
$2.80 A sa GRAY, ~~~~~ Carlsbad, California
QFFlClAL RECOWS
SPACE ABOVE THIS LINE FOR RECORDER'!
Grant Deed - 67. ~.>
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........................................................................................... STATE OF CALIFORNIA, COUNTY OF ..___ ~~.~~~--?-'~--~~~.-~-~~~~~ ____ ___ }ss.
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on--^-^^^^^^:-^^.^^^^^-^.--.=^---^‘.___! ...... + ..-, before me, the undersigned, a Notary Public for ..... kA:S< ............. :-:- _X ........... r -4.- /"" California, personally appeared.. ..................... ~~~~-~~-'-,~"~.-~~.~-~ ...... Lz: ..... -...~-.... . '...i..... =......................... ................. ,- /Y" ................
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known to me to be the person.. ...... whose name ........< ... .> ........................................................ subscribed to the within instrun
acknowledged that ....,.a.....,........ executed the same.
WITNESS my hand and official seal.
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3423
ESC 2564 4-62* P.6. !dy Commission Expires April 26. 1967
in and for +he S!a!e of California
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All that portion of Tract 117, Carlsbad Lands, County of San Diego, State
of California, according to Map thereof No, 1661, f ilea in the off ice of
the County Recorder of San Diego County, March 1, 1915, described as follows :
Beginning at a point on the Northerly Line of said Tract 117, distant
thereon North €@" 57' West 843.65 feet from the Northeasterly corner
of said Tract 117 being the ITortheasterly corner of that certain tract of lanil conveyed to Augusta As-s by deed dated October 20, 1922, and recorded in Book 908, page 423 of Deeds; thence South 34" 33* East along Easterly line of said Asmust land and along the Easterly-line of that certain tract of land conveyed to W. W, Brown and Anna Brown, husband
and wife, by deed dated February 17, 1925, and recorded in Book 1065, page 308 of Deeds, 465 feet to the true point 09 beginning; thence North 55" 27' East 399.28 feet to the Southeast corner of land conveyed to
Grace Florence Wilson, a single woman, by deed recorded in Book 714,
page 419 of Off fcial Records; thence South 34" 33' East 153.36 feet to
a point in Southeasterly line of said Tract ll7; thence South 55" 27' Vesk along said Southeasterly boundary line 3s028 feet to the Southeast
corner of said Brown* s land above-referred to; thence North 34" 33'
West along the East line of said Brown's land 153.36 feet to the true
point of beginning,
Alice E. Greenwood reserves for her sole and exclusive use durhg her lifetime the property herewter described; that the City of' Carlsbad shall have no right of dominion and control over that portion here Wter
described, unless she abandons her use of such property, when such abandonment is set forth in writing, the City shall have the same rights
and privileges over the hereinafter described property as it has upoll
the remainder of the property; such property being more particularly
described as follows:
All that portion of Tract 117, Carlsbad Iands, County of San Diego, State
of California, according to Epzp thereof Hoe 1661, filed in the off ice of
the County Recorder of San Diego County, Wch 1, 1915, described as
f OUOWS :
Beginning at a point on the Northerly line of said Tract 117, distant thereon North 89" 57' Vest 84-3.65 feet from the Northeasterly corner
of said Tract 117, being the northeasterly corner of that certain tract
of land conveyed to Augusta Asms by deed dated October 20, 1922 and
recorded in Book 908, page 423 of Deeds; thence South 34" 33' East along Easterly line of said Asmust laad and along the Easterly. line of that
certain tract of land conveyed to W, iJ. Brown and Anna Brown, husband and
wife, by deed dated February 17, 1925 and recorded in Book 1065, page 308
of Deeds, 465 feet to the true point of beginning; thence North 55" "j'*
East 75 feet; thence South 34" 33' East 153 36 feet to a point in the
Southeasterly line of said Tract 117; thence South 55" 27* Vest along
said Southeasterly line 75 feet to the Southeast corner of said Brown's
land above referred to; thence North 34" 33' West along the East line
of said Brown' s land 153.36 feet to the. true point of begbning.
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1 SECURITFFIRS’P; NATIONAL BANK
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Carlsbad
Address .Jw58
“4 Dated-r 15, 1-
Escrow No. 423,253’7 1
Mr. John Slater, City Manager
City of Carlsbad
Carlsbad, California
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Dear Mr. Slater: ~~.
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Enclosed are your escrow statement, check in the amount of $102.53,
tax bill for 1963/1964 taxes, Policy of Title Insurance No. 785136,
issued by Title Insurance and Trust Company.
Please sign and return the copy of this letter, acknowledging your
receipt of these enclosures.
Please accept our thanks for this opportunity to serve you. We hope
to continue to be of service to you in the future.
Very truly yours, yzz?i?2gd 7. ”:. -p
Betty Kennedy 9 /* ; 62
Escrow Qfficer t,
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Encl.
2800
E‘SC 2528 I-61* $00 1OY Escrow Dept. Letterhead
" rn, ,..L.., "r ,.I- rv"". w ."", %".r"Ix,.,~ w NO OTHER RECEIPT NECESE
DATE I DESCRIPTION /I"-
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11-12-63 Refund of deposit -b
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(l,J-J.JIN-- ** yr $.,?.{gj& q +-+ \v i- &&"&
FORM T41
I STATEMENT ' * SECURITY FIRST NATIOXAL BANK 9 ESCROW NO. &
TO I. City of Carl sbad Carlsbad * .-.
L gal Description: PorId.cn of Tract 117 of Carlsbad Lands DOCUMENTSRECORDED 11-12
Deposits -Cash
Total Consideration for -Deed Note
Paid Outside of Escrow (as indicated in escrow instructions)
Unpaid Principal Balance - Trust Deed of Record E
New Note and Trust Deed
.\ Debits
Interest $ @ @ from to
FHA Mtg. Ins. $ 1 yr. from to
Taxes $
PRO- RATA
mo. from
Rents .$ mo. from to
4 Ins. $ Prem. $
Commission .
Payoffs
*" It"--------l4+
Beneficiary's Fee for Furnishing Demand and/or Statement
Water Stock Transfer Fee
Impounds: FHA Mortgage Insurance, Taxes & Assessments and Fire Insurance
Bldg. A/C Mechanics' Lien Report Recording Notice of Completion
Title Company's Charge for Title Policy
Reconveyance Fee
Revenue Stamps
Tax Service 1 w Recording Taxes Recording Deed x Trust Deed Reconveyance Assessments i:L I
I'IL
Insurance
Real Estate Loan Fee
Escrow Fee on Sale Purchase X Loan Exch. BE { Additional Insurance Extended Coverage
~ Transfer and/or Mortgage Clause
I1 ILL
Drawing Deed Trust Deed
Drawing
Notary Fees
~ Deposited to the Account of
Check Herewith
Balance Due This Bank BE
KEEP THIS STATEMENT FOR INCOME TAX PURPOSES T*TAL I/ $l 20,1431 83 11 t$ 20,
2368 ESC 2536 11-60* loo IOY The County Recorder has been advised of the address to which you wish your recorded documents mailed.
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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
pany by the Insured, the Company offers notice of claim has been given to the Com-
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 IiabiIity of the Company under this policy shall in no case exceed, in all, the actual loss of the Insured and costs and attorneys' fees which the Company may be obligated hereunder to pay.
(6) The Company will pay, in addition ' to any loss insured against by this policy, all costs imposed upon the Insured in liti- gation carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by the Insured with the written authorization of the Company.
(c) NO claim for damages shall arise or be maintainable under this policy (1) if
the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein removes
such defect, lien or encumbrance within a
or (2) for liability voluntarily assumed by reasonable time after receipt of such notice,
the Insured in settling any claim or suit without written consent of the Company, or (3) in the event the tide is rejected as unmarketable because of a defect, lien or encumbrance not excepted or excluded in this policy, until there has been a final determination by a court of competent juris- diction sustaining such rejection.
(d) All payments under this policy, ex- cept payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro ,tanto and no payment shall be made without producing this policy 'for endorsement of such payment unless the policy be lost or dest.royed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Com- pany; provided. however, if the owner of
an indebtedness secured by a mortgage shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such payments reduce the amount of the indebtedness secured by such mort- gage. Payment in full by any person or voluntary satisfaction or release by the In- sured of a mortgage covered by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro- vided in paragraph 2 hereof.
(e) When liability has been definitely fixed in accordance with the conditions of this policy the loss or damage shall be pay-
able within thirty days thereafter.
8. LIABILITY NONCUMULATIVE
amount of this policy is reduced by any It is expressly understood that the
amount the Company may pay under any policy insuring the validity or priority of any mortgage shown or referred co 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-
provisions of this paragraph numbered 8
ment to the Insured under this policy. The
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
rogation shall vest in the Company un- a claim under this policy, all right of sub-
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.
shall be subrogated to such rights and cover the loss of the Insured, the Company
remedies in the proportion which said pay- ment bears to the amount of said loss. If
loss should result from any act of sured, such act shall not void this but the Company, in that event, s required to pay only that part of an) insured against hereunder which sh ceed the amount, if any, lost to thl pany by reason of the impairment right of subrogation. The Insured, quested by the Company, shall trar the Company all rights and rc against any person or property neces
and shall permit the Company to 1
order to perfect such right of subrc
name of the Insured in any transac
litigation involving such rights or re)
If the Insured is the owner of debtedness secured by a mortgage I
by this policy, such Insured may re1 substitute.-rhe personal liability I debtor or guarantor, or extend or otl modify the terms of payment, or a portion of the estate or interest frr lien of the mortgage, or release an lateral security for the indebtedness
vided such act does not result in ar
of priority of the lien of the mortga
10. POLICY ENTIRE CONTRACT
Any action or actions or rights of that the Insured may have or may
status of the lien of the mortgage c against the .Company arising out
interest insured herein must be ba: by this policy or the title of the es;
the provisions of this policy.
can be waived or changed except by T
No provision or condition of this
endorsed hereon or attached hereto by the President, a Vice Presider Secretary, an Assistant Secretary or validating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be.given thc pany and any statement in writing re to be furnished the Company shall dressed to it at the office which issuf policy or to its Home Office, 433 Spring Street, Los Angeles 54, Cali
12. THE PREMIUM SPECIFIED IN SCI
A IS THE ENTIRE CHARGE FOR TITLE Sf
TITLE EXAMINATION AND TITLE INSUR
8
Title Insurance and Trust Company
FOUNDED IN 1893
c?
/A b! 1
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8. .. (,
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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
pany by the Insured, the Company offers notice of claim has been given to the Com-
to purchase said indebtedness, the owner of such indebtedness shall transfer and assign
the same to the Company upon payment of said indebtedness and the mortgaqe securing
the purchase price.
7. PAYMENT OF LOSS
(a) The liability of the Company under this policy shall in no case exceed, in all,
attorneys' fees which the Company may be the actual loss of the Insured and costs and
obligated hereunder to pay.
to any loss insured against by this policy, dl costs imposed upon the Insured in liti- gation carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by the Insured with the written authorization of the Company.
(c) NO claim for damages shall arise or be maintainable under this policy (1) if the Company, after having received notice
not excepted or excluded herein removes of an alleged defect, lien or encumbrance
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 title is rejected as
encumbrance not excepted or excluded in unmarketable because of a defect, lien or
this policy, until there has been a final determination by a court of competent juris- diction sustaining such rejection.
(d) All payments under this policy, ex- cept payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto and no payment
shall be made without producing this policy 'for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Com- pany; provided, however, if the owner of
(b) The Company will pay, in addition c
an indebtedness secured by a mortgage shown in Schedule B is an insured herein then such payments shall not reduce pro
hereunder as to such Insured, except to the tanto the amount of the insurance afforded
extent that such payments reduce the amount of the indebtedness secured by such mort- gage. Payment in full by any person or voluntary satisfaction or release by the In- sured of a mortgage covered by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro- vided in paragraph 2 hereof.
(e) When liability has been definitely fixed in accordance with the conditions of this policy the loss or damage shall be pay- able within thirty days thereafter.
8. LIABILITY NONCUMULATIVE
amount of this policy is reduced by any It is expressly understood that the
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-
provisions of this paragraph numbered 8 ment to the Insured under this policy. The
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
a claim under this poky, all right of sub- Whenever the Company shall have settled
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.
shall be subrogated to such rights and cover the loss of the Insured, the Company
remedies in the proportion which said pay- ment bears to the amount of said loss. If
SETTLEMENT
loss should result from any act of t sured, such act shall not void this but the Company, in that event, sh required to p:Ij only that part of any insured against hereunder which sh: ceed the amount, if any, lost to the pany by reason of the impairment right of subrogation. The Insured, quested by the Company, shall tran: the Company all rights and re] against any person or property neces!
and shall permit the Company to ti
order to perfect such right of subroj
name of the Insured in any transact litigation involving such rights or rer
If the Insured is the owner of t debtedness secured by a mortgage c by this policy, such Insured may relc
substitute"Lhe personal liability c debtor or guarantor, or extend or otk modify the terms of payment, or a portion of the estate or interest frc lien of the mortgage, or release ar lateral security for the indebtednes vided such act dogs not result in a] of priority of the lien of the mortg;
10. POLICY ENTIRE CONTRACT
Any action or actions or rights of that the Insured may have or may
status of the lien of the mortgage (
against the .Company arising out
by this policy or the title of the es interest insured herein must be ba the provisions of this policy.
can be waived or changed except by
No provision or condition of this
endorsed hereon or attached hereto by the President, a Vice Preside1 Secretary, an Assistant Secretary 01 validating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be.given th, pany and any statement in writing rl to be furnished the Company shall dressed to it at the office which issu policy or to its Home Office. 433
Spring Street, Los Angeles 54. Cal
12. THE PREMIUM SPECIFIED IN SCI
A IS THE ENTIRE CHARGE FOR TITLE S
TITLE EXAMINATION AND TITLE INSUI
8
Title Insurance and Trust Company
FOUNDED IN $893
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TO 1012 ABC California Land Title Association Standard Coverage Policy Form Copyright 1961 SCHEDULE A
Premium $1 s+ D (
Amount $20,000.00 Date November 12, 1963 at 9 :OC A .Me policy No. 7851 Effective
INSURED
City of CarlsSad a Plunicipal Corporation
1, Title to the estate or interest covered by this policy at the date hereof is vested in:
See attached
2. The estate or interest in the land described or referred to in Schedule C covered by this policy
a fee.
SCHEDULE B
This policy does not insure against loss or damage by reason of the following:
PART 1
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 mabg 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.
0 * *, ..
Title to the estate or interest covered by this policy at the date hereof is vested in:
Alice E. Greenwood a widow, as to a life estate in and to the following
described propeyty:
All that portion of Tract 1x7, CarLsbad Lands, County of San Diego, State of California, according to Nap thereo? NU^ 1661. ?lied in the office of the County liecorder of San aiego Coufity, larch 1, 1915, described as follows :
BegiAming at a point on the Northerly line of said Tract 117, distant thereon North 89O'57' West 843,65
feet from"the Northeasterly corner of said Track 127, being the Northeasterly cornep of that certain tract of land conveyed to Augusta Asmus by deed dated October 20, 1922 and yecorded in Book 908, pzge 423 of Deeds; thence South 34O33t East along Easterly line of said Asmusf land and along the Easterly Line of that certain tract of land conveyed to W. W. B_POT/J~E and Arina Brown, husband and wife, by deed dated February 17 1925 and recorded in Book 1065, gzge 308 of Deeds, 465' feet to the true point of beginning; thence Kor.th 55°27q East 75 feet; thence South 34'33' East 153.36 feet to a point in the Southeasterly line or" said Tract 117; thence South 55"27' West along said Southeasterly line 75 feet to the Southeast corner of said Brown*s land above Yeferred to; thence North 34O33' West along the East line of said Brown's land 1-53.36 feet to the true point of beginaing.
City of CarLsbad a Municipal Corporation as to the remainder
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TO 10126 Con,. C California Land Title Association Standard Coverage Policy Farm Copyright 1961
,. 4'
S C H E D U L E €3 - (Conlinued)
PART I1
1. General and Special taxes of San Diegc Couaty and the City of Carisbad, for the fiscal year 1963-64, the first installment of which is now due and payable, the secmd installment of which is now payable and will be due February i, 1964.
2. k rlght of way 10 feet wide fm use of Carlsbad drainage project for draimge pipe Line more pas-
titularly describe6 as foblows:
A strip of land 10 feet wide adjacent to the South- westerly boundary line of the property herein
Bescribed throughout the entire length of said Southwesterly boundary line; as granted in deed to County of San Diego recorded Janmry 9, 1934- in Book 261, page 219 of Official Records.
3. The ~ecitaal as contained In tke des6 frm Alice E. Greemrood, B widow, t3 City ai" Carlsbad 9 a Municipal
Corporation, recorded Xovember 1.2, 1963, as follows:
!"Alice E. Greeenwood Teserves for her sole and exclus- ive use d'ming her lifetime the property hereinafter
described; that the City of Csrisbad shall have no right to dominion and coctrol ove~ that r;~rtion here- inafter 3esc=ibed, &?less she abaadions her use of such property, when such abandonment is set forth in writifig, the City shall have the sa~e Tights and privileges over the hereinafter described property as it has span the reraair,der OS the property; such property being Kore particularly describe6 as follows:
A11 thst portion of Tract li7, Carlsbad Lands, County of San Diego, State of California, according to Msp thereof No, L661, filed In the office of the County Recorder of San Diego Comty, Xareh E, 1915, described
as follows:
Beginning at a point on the Northerly line of said Tract 1x7, distant thereon Xopth 89O57' West 843,65 feet from the Northeasteriy corner of said Tract 3-17, being the Northeasterly corner of that certain tract of land conveyedl to Augusta Asmus by deed dated October 20, 1922 and recorded in Book 908, page 423 of Deeds; thence South 3't03St East along Easterly line
of said Asmusg land and along the Easterly line of that
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TO 101 28 Cont. C Colifornia Land Title Association
Copyright 1961 Standard Coverage Policy Form S C H E D U L E B - (Continued)
PART I1
ce$talaa tract os Land convegrfici ti0 kpJ, WI Brown aa
Anna Brown, hmband and wife,, bp deed dated
February 17, 2-925 and recorded in Book rC65, pzge 308 of Deec?s, 465 fee% tG the true point of beginn-
ing; thence Worth 55027* East 75 feet; thence S~th 34O33' East 153.36 feet to a point in the South- ezsterly line of said Tract 117; thence South 55* 27r West along said Southeasterly line 75 feet to the Sou-theast corner of ssid Brown's land above referred to; thence Ncrth 34O33? West along the East line of said Brown's Land 153.36 feet to the true point of beginnlng. I)
5
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TO 1012C OG1056C OC C American Title Association Loan Policy Additional Covemgddober, 1960 or California land Title Association Standard Coverage Policy-1961
SCHEDULE C
The land referred to in this policy is described as follows:
ALL that portior, of Tract iL7, Carlsbad Lacds, in the City of' Carlsbad, County of San Diego, S*,at;F; ~f CalifOY!lia, according Ji~l Mgp thereof No. 1661, filed
County Mapch I, 1-315, described as frp2Xo~m:
Beginning at a point on the Northerly line of said Tract lL7, distant thereon North 89"57* West 843.65 feet from Northeasterly corner of said Tract 1-17 bsi~g the NortbeasterLy corner of that certain tract of land conveyed to Augusta Asmus by deed dated Oetcber 2G, X922 snd recorded in Book 908, page 423 of Deeds; thence South 34O33' East along Easterly line of said Asnus' knd an.d along the Easterly 'Line of that certain tract cl" land conveyed to W. W, Brown and Anna B~own, husband and wife by deed dated
February 17 19225 and recorded in Book 1065, page 308 of Deeds, 465 feet to the true point of beginning; thence North 55'2'7' East 399.28 feet to the Southeast corner of land conveyed to Grace Flopence Wilson, a
single woman, by 4eed recclrded in Book 714, page 4x9 of Official Records; thence South 34O33' East 1-53.36 feet 'bo a point in Scutheasterly line of said Tract 11'7; thence South fi5O27' iJu'est along said Southeasterly boundmy Line 399.28 feet to the Southeast corner of said Brown8s Land above Teferred to; thence North 34" 33' West along the East Line of said Bro.:,mts land 153-36 feet to the tru-e point of beginning.
n In the orfice of the Cowty Recoyder of San Diego
Said land lies within 'she bou-ndiasies of the City of Carlsbad.
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SNOI, V?fldILS CINV SNOILIF 03 i, &
California Land Title Association
Copyright 1963 Standard Coverage Policy Form
b?
P'OLICY OF TITLE INSURANCE
ISSUED BY
Title Insurance and Trust Company
TitIe Insurance and Trust Company, a California corporation, herein called the Company, for a valuabk
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, devises, 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 niortgage
being shown in Schedule B in the order of its priority;
hereto annexed.
IE Witness Whereof, Title Insurance and Trust Company has caused its
corporate name and seal to be hereunto affixed by its duly authorized officers
on the date shown in Schedule A.
Title Insurance and Trust Company
by LENT
Attest (3JLJw- SECRETARY - -
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