HomeMy WebLinkAboutGuarantee; South Coast Land Company; None; Property5.24.23M
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OFFICERS AND DIRECTORS
JOHN F CORWARD. SR ,PREST a MGR JOHN F FOSWARD. dn Vlcl PSEST
A H SWEET, VICE PREST FREDERIC W STEARNS. VICE PgEFT
JAS. D. FORWARD, SECY. & TREAS
WILL~AM n ALLEN JR
UNION TITLE INSURANCE CO.
0. P CLARK M. F HELLER
W HERBERT ALLEN
C H. ENGLISH. ASST. SECV
OFFlCERS AND 3IRECTOSS
TITLE INSURAKCE AND TRUST C0
W1LL:AM 'i ALLEN. Jn, PREST STUART O'MELVENY. FI~ST V
M. S HELLMAN. VICE PRES:. H W O'MELVENY. V~CE PRES
L J. BEYNON, VlCE ?REST W HERBERT ALLEN. VICE Dm
0 P. CLARK. SECI e. TSEAS W irl. CASLVELL
H.C ALLElv
W H. EURNHAM
T J BRANT
VENRY M RCB8NSON
W. R. STAATS
1028 ~ND ST., SAN DIEGO, CALIF.
136640 LT 4" 58 - 93 *-:p
Issued €or the benefit and protection of
oceanside Eutual '/later Company, a corporation.
After a careful examination of the official records of the
County of San Diego, State of California,
except those hereinafter mentioned, in relation to the record
title to the land herein described,
f -e.: ,f' 7-?rFp; " "h!';Gr 7;. ,,,. \.JC',- n.,-?7,2.1p a \Ty 'L'!."$.-:3< I L r LL >.- .,L J*P$:*$:*~.~. :.--~-..)l! A! . . ,
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and
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(herein called the Insurance Companies) hereby ?7-'~.?.-:AXT%5 in
a sum not to exceed $ 533.33 , that said title, as appear2
from said records, is vested in
Oceanside Xutual Yater Company, a corporation.
1.2.-\
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mo 'Jnlt a. $136Op (2 1 0 e a
Free from all encumbrances, exceFt:
Conditions and restrictions contained in tize deed
from the South Coast Land Company, a corporation, to
Oceansicle hlutual Yater Company, a Calif ornis corporation,
dated November 14, 1924, and recorded Rovember 21,1924,
in the office of the County Recorder of San Diep County,
in 3oak 1043, Fage 233 of aeads, as follows:
"Provided, however, tinat this conveyance
is made and accepted upon each of the follow-
ing express conditions, subsequent, which
are hereby made covenants ruing with the
land, and which apply to and are binding upon
the party of the second part herein, its
successors 2nd assigns, to-wi t:
(1) That said Fremises shall not be
used for the purpose Df boring for, or pump-
ing or producing petroleum, or any other oil
or oils, or any other mineral;
(2) That the whole or any part of said
property shall never, at any time, be used
for the purpose of manufacturing, buying,
selling or handling intoxicating liquors;
(3) That any and all legal water charges
or othei- charges or assessments made by said
0cemsid.e Kutual ?Jatar Company, or its suc-
cessors or assigns, shall be paid to the said
water company, or its successors or assigns,
ao unlm. e 13)
e 0 *
promptly when due, and if the whole, or any
part of said charges or assessments are not
so paid when due, that the same shall ipso
facto become lawful liens upon said premises.
Upon the breach of aqy of the foregoing con-
ditions, the title to said property hereby con-
veyed, and the whole thereof, shall revert
and revest in tlne firs3 party, its successms
or assigns. Bo forfeiture shall occur, how-
ever, under any breach aforesaid, unless
second party shall refuse or neglect fgr ninety
(90) days after written notice thereof1by any
person or corporation herein given the right
to nave said breach abated or rsrnedied) to
abate and remedl the breach complained of; nor
shall such forfei ture operate against a valid
mortgage or deed of trust upon said property,
or be ilnvoked against a lncrrtgagee or trustee,
in good faith thereof; but should title to said
pr0Tert.y be acquired by foreclosure of any
mortgage or deed of trust, or otherwise, the
title so acquired shall thereafter be and be-
come subject to all t'le provisions, conditions
and covenants hereof, in the same manner as
though it had been acquired by direct grant;
froE second party. It is further agreed by
QiO Znl t d ,013 6 643 (4) 0 I,
the yarties hereto that the premises hereby
conveyed are a prt of a tract, an3 it is
agreed that each of the conditions, numbers
2 2nd 3 hereinabove recited, are intended and
are for the benefit of the land and of the
remainder of sai3 tract;, and of the owners
thereof, and that a breach of any one of said
contlitions may be enjoined by any person own-
ing any prozerty or tract or tracts purchased
from first party and served by said Oceanside
Idutual 7ater Company's water system, and &join-
ing said premises or said tract of which said
premises are a part, but provided, howeaer, it
is agreed, that condition No. 1 hereinabove re-
cited, is imposed exclusively for the benefit
of the party of the first part, and the party
of the rirst part reserves the exclusive right
to waive OT modify tl?e Sam, without the
consent of any owner of any other Fronerty or
properties in sais tract or tracts.
-7 dach and all of the ssid conditions, re-
strictions and covenants are to continue and be
in force until January 1, 1940 and no longer.
It is further agreed that each and all of t'ne
terms and conditions of this agreement are
to be binding upon and inure to the benefit
of ths heirs, executors, administrators, suc-
cessors and assigns of the respective parties
hereto. tf
.. 9-24"km
e e (CQC'STY) HMO unl ta. e e
DESC3IPTIGN.
Lots ''A" and "B*' in Borth Carlsbad, in tize County
of Tan Diego, State of California, according to map
thereof !To. 1807, filed in the office of the Sounty ?e-
corder of said San Diego Couy15y October 24, 1924.
JiT 0 T 3:
This guarantee does not include an examination
of or report on water rights, wEter contrscts or matters
pertaining tnereto except as hereinbefore noted.
This Guarantee is issued upon the following conditions and stipulations:
attached hereto and signed by the President, a Vice-president or the Secretary of either of the Insurance Compa 1. No provision or condition of this Guarantee can be waived or changed except by writing endorsed hereor
2. The liability of the Insurance Companies shall in no case exceed in all the amount stated on the first page he 2nd shall in all cases be limited to the actual loss of the persons and corporations for whose benefit and protection Guarantee is issued as their respective interests may appear, provided, that each subsequent owner or pledgee of indebtedness secured by mortgage or deed of trust shown herein shzll be entitled to, and shall have, all the protec: rights and remedies secured to the original owner thereof by the issuance of this Guarantee.
3. Any loss shall be payable within thirty days after the amount thereof has been definitely fixed.
4. This Guarantee does not include examination of or report on:
a. Adverse claims or rights not shown by such official records.
b. Reservations in federal or state patents, existing roads, water rights, mining claims, records of any 1
c. Taxes or assessments levied by any such district or city, unless shown as a record lien by such off
d. The validity of any easement, lease, declaration of homestead, attachment, public assessment, tax sal
e. Action by zny governmental or pnblic agency for the purpose of regulating, restricting or controlling
district or city in said county or matters affecting title resulting therefrom.
records.
money jud-ment mentioned herein.
occupancy or use of the land herein descriloed, or any building thereon.
In Testimony Whereof, the UNION TITLE INSUEANCE COMPANY has caused these presents to be
signed by its President and attested by its .................................................................... Secretary, under its corporate seal, and
TITLE INSURANCE AND TRUST COMPANY has caused these presents to be duly signed by its President, atteste
its Assistant Secretary, under its corporate seal, this-^---. l%-t.h day .----.-.-...-.-....---....-..-- of Januux _.__. 1@25.t ____ a.3 ..". s..t.SZ.o _____.. A?..!!
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$136640
UNION TITLE INSURANCE COXPANY,
m I 23- -&der
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lek. Q L Secretq TITLE INSURANCE AND T UST COMPANY
BY W&d ?resider
f
rd
Attest:-LL; ,- . ._ P"" 2.
*. Assistant Secretxu L/
4-24-lorn
0 UNION #!'LE INSURANCE COMPANY e I)
SAN DIEGO
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