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HomeMy WebLinkAboutGuarantee; South Coast Land Company; None; Property5.24.23M 9-*4-6M a0 unl td. 0 CiTV PAD COUHTI * 0 .' 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! . . , . ._ . ,"LL" ," ;. ,:.3 .4i :. i' s?.:-k?L& , .-Ir --in- and -.. ,* r.- q x , .r. . \<*; : ., .- . 7 - " -. -.\ - . .. ,.~ ., ". ,, L- " X& e" iG...5 \'<. =-,: -.:'. - :< L", >:E. ,.__ I < ir ,. - ,_ .;,',. 7.2 ".?* ; .:{ . I ~,~~... . ,,"-..L rjl .-,-., ..I ,i .,A2 - ~ :L3.;:-s ~ '>::,;.:oi-,"-;.s. (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.-\ i 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?..!! ~ ................................................................................ " .." ."" "" . . .~ .~ /., !In1 t a. $136640 UNION TITLE INSURANCE COXPANY, m I 23- -&der " - ~ - 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 (/ ;'tl ., ' :. : i ..& , I <, 2% 7 - k/QY O/iOW/~Jg /of B Oopermop jhepGo/Nz/Ba7 flOR7-N CAELZ5BAD &QY7 D/e@ CounT Cb-1" T /A< \+'\A .- TO 6 'rfp 5- 0- . 09 'z 2 + a. - +. 3 %h ~ 4-24-10m . * UNION &e INSURANCE COMPANY a * r SAN DIEGO ,. ., ' -;SI {., ," ~ . ;- -> ,* ..I P/Q7 A Ohow/;rg T . Lof A .NOe7-7v CARLSRAD oopermap ;Phereo f"'- O R307 &&Y7 L??&?O Cbu-fy CQL.