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HomeMy WebLinkAboutMS 381; MINOR SUBDIVISION LENDEL CORP W-S ECR BET CHESTNUT; Engineering ApplicationFee: $ 10.00 Subd.ivision P.U.D.-ll SUBDIVISION ,GUARANTEE :'j TSP-73-CA: 2/77 ; St.Paui1itle Insur~nee'CorpotatioR , ,a Missouri'lnsurance Corporation: -': -:.'.: ' . ' ,'--;, > .. ::. , GUARANTEES ' " 'and any City within'Which said sl:lbdivi-The' County ot : :,San:':biego sion ,IS locat~d in a surD not exteedlt:!$ $1'0.00.00 , ' , ' Tha,t, accQrding to those publ"ic records which, under the recording laws, impart constructive notice af matters affecting the title to the 'land incLuded within the exterior bound,a.ry shown 'on the map of the above referenced suqdiviSlon, the only parties having any reGard title interest in saidland,whose signatures a,re necessary'; under the requirements of the Subdivision Map Act, on the certificates consenting ·to therec'c:>rd'ation of said ;map 'l-nd offering for'dedi'catiolll any stre~ts, r()~ds",avenues and other easements offered for dedication by said map are:' See Exh~bit "Au',' attached l).er-eto and made <> nart h f ~ J:' ereo \ ... e, ••••••••• The map ,hereinbefore referred to is asubdlvision,of': See legal description attached hereto c0nsi~ting of twopages .••••••• ~ Date~: May 4, 1979 ST. PAUL TiTLE INSURANCE CORPORATIoN ~ "". . " ~" ··b~~'.' , ' ,~. ~, -~' '--~.~- .. By: A:uth'qrized Signature' &siPAUlTmE INSURANCE CORpORATION , • I. CL TA Gllarant:eeForrh No~ 14 , . '(Rev,4-1 o~ 7 S) " Affiliale 01, The SI. Paul Companies Inc, I J .1 I I .. , ' j, .• \ ' ", " ;. • :. , ': , " ',: ..... ~ C,.€ t-8S a· ,.. . ;. 4 (.~" •. ~.i:;:;. :~ ~_. 'G UARANTEECOND'ITI,ONS AND: STI,PULAT'IONS 1. DEFINITION OFTERMS '. -'4; NOTICE ·OFLOSs,. !. . '., , , I " I'n L!MITATIO~ OF ACTION ' ,';', , The f<;>lowing ,ter,ms when, lis¢d this , " ',' ; ,." ,", .. :',' 'Guarantee Jtle'an: , " A sta'tem,ent in wr.'iiing of any loss or damage cept for attorn~ys' fees, as, ·prov.l.ded for in' . ' (a)."iarid"; The lalld described, specifically o~ for which it is claimed' the Company is liable paragraph 6(b) hereofishall reduc~the amount by reference, in this Guarantee and im,' under this Guarantee shall be furnished to the ,Of the 'liability hereunder p,ro' ,tanto, and no provements affixed 'thereto which by law con-Company .. Within sixty days after such' loss <?r ,pay.ment,shall be ina,c:leWithoutprodu,cing this " 'stitufe 'real property; , " damage shilll have been, determined, ',and no. • :Gu~ranteeJor end,Qr.se:me,nt of'sllch ,payfT)~nt , , (b) "public records": Those records which right of ?,ction ,shall, accrue to the Assurec!.:!:,:: .unl~ss~the' Guarantee be~6st~0{ d,estroyedLin impart constructive notice of matters relating underthis,Guarantee until,thirty days after silch which case proof of such loss '9'~, destruction to said larid; statement shall' have been furnished, ,and no shall be. 'fUfllished to the ~atisfa<;tiQn ,of the '(~)'''date'': the effectiv,e date; , recovery shall be bad b'y the Assuredunderlbis,: ,Company,· ,,'. ...... ...., ">' , " ',' , (d) "the Assur,ed": the party or parties named "Guarantee unless action 'shall, b'e commenced' '(e)When Iiabllity~as beerj'ci'efinitely flxed:jn. as the Assured in this' Guarantee, or in a' t~ereon within two years after expiratioh of: accordance' with the (lon~it,i?ns 'of this supplemental writing executed by the Com-said thirty day period. Failure to furnish such Guarantee/the loss or-damag,e shall'bepayable pany; . " , statement, of loss or damage or to commence within ,thirty 'da'y~ thereafter. '.. . (e) "'mmtgage": mortgage) deed of trust,su~h, ~ction w!thin' the time, her~in bef~)fe , 7. SUBROGATION 'UPONPAy.MENT "', trust d,eed, pi" other security' instrument. ,sp~clfled, shall be a conclUSive bar agal,nst OR SETTLI;MENT'" " " , , ' mamtenance bY' the Assured of any actIOn ' ,.', d' .. 2. ~XCLUSIONS FROM COVERAGE under this Guarantee Wheneve.r the Company 'shall have settle ,a OF IttlS GUARANTEE , '. ' , . . claim under this Gl;larantee, all right Qf ,sub-: . 5.,OPTlON,TOPAY~SETTLE ' 0' t' h II' t" th C "'y'ull' ffe'tt'ed' , The C,ompany assumeS no liability fodoss or OR' COMPROMISE CLAIMS " ,,' ',:r ,ga,lpn.-s a. ves' In "e ompall,., a . ' , damage by reason of the following: . "by, any act of the Assure-d,. and It shall pe • '. " ,,'"< ,<, r.h~:f:g~pa»y l,~.al,l ha~e ~qf o~ti?P.,!~,pay,~r; .. , 't' ;?--'§Q.b.~og~!~d tg Ji);l~lb~;:'lWtitle.d)o, <ill rightsartd (a) .ra~es o.r,assessments.wJlIchare,notsPE):-vnt: .. "senle'or'comp'roltilse"fonrnl1,the ria'l'11e of die remedies which,the Assured' Would:have had as eXls~lng hens by the, records of any taxing Assl,lred any clai~ "Yhich co'Old resul~jn los,S t? agilinst any pe'rsol1 ,or ;pr9perty.'in ,respect :to , a~thoflty that I,evles taxes o,r assessments on ,the ,Assured, Within the coverage of ,thiS "such claim:hadthis GUarantee notbee'n issued. , reaJ.property or by t~~ pubh~ r~cords" Gua~antee, or. to, pay the fl,JlI ?~ount .of this ,if the -payment does, narcover,the loss 'Of the , ,(b) Un~aten.te9 mining c!alms, reserva~l<;>ns Guatantee or, Ifthls,Guarantee IS'lss~ed ~orthe Assured, the Company shall be 'subrogated to' , Qr e~ceptJons In paten~s or In ~cts auth<;lfIzmg benefit of a.holderof a mortgage, the Company 'such rights: and' remedies in tiie p('oportion t~e I~suance ther~of; :water fights, claims or "~~iln. ,h~ve the opIiQfl to, purchase, the in~ ,which sa!<;! payment bears tci,th~ am'Ouri~iof's~!d. title to. water, , '. 'debtedness' secured by'said mortgage. Such' , loss. The Assured if requested by,th~ COmpany, , ' (c) Title to 'any prope~ty b~yond the h~e~ of, p"urchase, payme,:,t or tender'ofpaymentof the' ,shall traf,lsfer to the ,Company aU' rights i(nq , the land expre.ssly·descnbed In t~e deSCriptIOn full arnount9f the Guarantee shall termil)ate all ~emedles,against apy pefSOn or pr<?perty. ,set for.th~,ln thls,<?~arantee, or title to streets, liability of thE!' Compilny hereunder, In the necessary,: in ,9rder to pe~fer:t sueh' ri~h.f of roa.ds, aV~r:tU'es, lan~s, way.s o~ waterways ~n event after ,notice ,of-'Flaim has been given to' , subrogation, and shall permi~the'C;:ompan~ to, whlc~ such land, abuts) or th'e right to maintain the company by-the Assured the Comp.any use the name,of-the Assured,ln, any transact!on 'therem vaults" tunnels, ramps or any other offers to·, purchase said indebtedness, the 9r litigation' involving such'rights oneme9les. s,tr,ucture or im~rcivem~nt; or any rights or "ow~er Qf ,suc;hi\ldebteqDe~~ shall.,transfW.,aJ!~ . 8.r.UARANlEEEN:rUtE :C0fi-JR.,(cr easetryents there~n un.le.s~'~llj:Q pr.o'pl:!tty;il:igr.nsr~· 'assign,:sai<P,in(je~iedA~§~ ar;d, th@nl0rtgage 1,l;.;.<1'1:: ...... v:'.'"':_ ;-.' ,:"';-.. -f" I. • .' or easements ar~ eXPf,essly,and specifically set secl1ring the same to the Company upon ' Al']y actlOn'or actions or: rI~ht~ OT acb,on that for.th'in said qescription., : payment of the purchase price. ':," t,b~ Assured .'!1?y have or may br.mg.agalnst the (d) . DefectS"liens, encumbrances, adverse 6. LIMITATION OF LIABILITY ~ '" c.~Jnpany aflSmg out of the sU~J~ct, m~tt~r claims against the.ti,le as guaranteed or other PAYMENT OF LOSS : hereof must. p,e ba~ed on the provIsions of thiS matter~ m ~r.~~te<;fJ syffered, assulll~d or (a) Theliabi/ity of the Company.under. t~is:,: ~?8~rante~:., '::, ':..' .' .. ' :' . agr~e? to.by o~eor more of the Assured,. or(2) Guarant~e shall' be limited to the amount of : ; ,: ~o prov!slonor condition of thiS Cuara~!e,e ' resultmg 1,1'1 no lo~s to the, Assured. actual loss sustained by the Assured becau~e of c,an be will,yed or changed exce~t by iI wrltmg ,3. PROSECU:TlO/ll"OF ACTION~ reliance upon th,e assurances herein ,set forth, ,:.' !:!.n~,?lJed. \or~!w:hed, ,her,eto s,lgned. by the ( ) Tli C h II Ii h' h' but in no event .shall such liability exceed the ,·:Pi:Elslde.nf, a' Vice Pr~sldent, the Secretary, an , . wa et t ?mt~atntY"s ad",ave lUte, rig t at. ItS amount'of the liabilhy stated o~ the f~ce nad~. Ass'istant Secretary 'orother.validatihg offtcfer of o ,ncos O)nsl.ll e an prpsec e any action " r''' .' ,1he,Company or proceeding or'd,a a,ny ofher,a,ct which in its hereof." . . ,.' " .. ', ~. . , , . opil1ion ,may ',be' :n'eeessliry':pr :desirable to (b) The Company wllI'PilY .aU 'cost? Impo~ed, . 9. NOTICES! WHERE SENT" •. ', ' establish '.or :ccin'fih~ ',~th~ "[I1'atr~rs , herein'upon, the ASsured in litigationca~ri'e,doriP.Y th~ .' Air notiees,reqiJ'ired to' ~e ,gjv.eh' the.C6m. , guararit~e,p; ,a[1,?;}:~~:,(;9fPp,a.(1Y:.t'nilY"fake an.y CO!T1pany for tpe ~~su~ed, illJd. <\11 .G?S~s. and pany and any statementin wr!tlng rectuil'e4tQ approPflate,a~tJP.n :,unger, ,t~e terms of. thiS attorney, s tees, In ht~~afJon carrJ~d.?n ,by the ,be furnished the Company shall be ad~r-essed Guarantee,wh!;!ther or 1101. It shall b~ hable Assured With tbe,wr.ltten authonzatlqn-of the to its General Office at 1650' West Big Beaver th~reunder and shall not thereby concede Company. :~' ' . R'Oad Troy Michigan 48084, liability oJ wai~e",an.y pr9~isionhereof., ,(~) "!q cI~illl fo~ da~age~ ,s~~1! arise ?r pe. '1':" ' , (0) In all ca~es, wbe!e the Company does ,so:; :' malntamable ,under thiS, GUarantee (1) If the 0 .. F,EE institute .and. prose.cute' ,<jny, actipo ,or _ ,Company after havin'g're<;eived notice of 'iln . 'Toe fee specified ·on Part Two of this· proceeding,. die Assured,sh",11 perminhe COfll-" , alleged ,defect, nen or'en<:umbrance not shown Guarantee is the total fee for title search and pany tQ use, at,its optiqn, the .. nam¢ 9f the " as <In Exception or excluded her.ein removes' examination ,and for this Guarantee. ' Assur.ed for such. pl,Jrpo~e, ,:~herieve'r' re-";: :sl:,lch· defect, ,lien' or' encumbrance Within, a quested· by the Company, the Assured shall ' reasonable timeafterre'ceipt of such notice, oi' give the Company all reasonable aid in (2) fQr 'Ji,ability voluntarily assumed by' the prosecuting such action or proceeding, and the Assured in settling any claim or suit without Company shall 'reimburse the Assured for any written consent of the Company. expense so incurred. (d)' All paymentS LInder this Guarantee, ex- " ,'. , ; ".' .. .' ... .t " " ' " ' ., '1 , ',' "., ........ ~ , Hi'L ~, 0\' . , • llJXHIBIT itA" ' ' OVlNER: Rap.cho Carlsbad Partnership, a General Partnership TRUSTEE: Real Prop~rty Trust Deed Cor'poratio~, a: Califom:i,a corporation as 'trustee under that deed of"trust~l'ecorded May 3, '1979" as File No. 183040 of Offic~al Records~ ;' .. , LEGAL DE8CRIPTtON PAGE NO.1, •• DESCRIPTION That PQrtion 'Of LQt "I" 'Of the RanchQ Agua Hediond~,. in tl).e City 'Of Carlsbad,'CQUlity 'Of San DiegQ, State 'Of California, accQrding tQ Map threQf No. 823, filed in the Office 'Of the CQunty Recorder 'Of' San Diego CQunty, November ~6, 1896, described as fQ11Qws:" , CQmmencing' a,t the SQuthwe,st'erIy CQrner 'Of LQt 3 of Chestnut Heights, being also the SQ1i,thwes,terly bQundary. CQrner . .0£ said CI,lestmit Heights, accQrding tQ Map thereQf NQ. 5328, filed in the Office ,of the County RecQrder of San Dieg.oCQunty, January 17,' 1964, saj,dSQuthetly line being! also ,the Northerly line of ,LQt"!" qf Rand;lQ Agl,la' Hedionda, ,accq:r::d:ing tn Map thereof No .8'23, filed in the Of:(ice 'Of the County lteco l,",der ~ NQvember ~6, 1896; thencealohg s'aid ~Qutherly line of Chestnut Heights and being'also the NQrt1;J.edy line of Ln1;.' "I'" 'Of Rancho .!gua He.diOrida, SQuth '89° 52' 37" East (South 89° 49' 10" East .per Deed) 704.2.4 feet to the Southeasterly CQrner of Lot 9 in. Chestnut Heights,' said Southeasterly CQrner being alsQ the SQutherly most SQutheast bo~dary corner of said ' Chestnut Heights; thence leaving the bOUi1.dary 'Of Chestnut Heigl).ts and continuing along the North line 'Of Lot "I" 'Of RanchQ Agtia HediQnda; SOlJth 89° 52' 37"East 285.34 feet tQ the Wes,terly line of El CaminQ Real as sb,Qwn on: Road Su:r;vey NQ. 682, filed in the Office of the CQunty Engineer of San Diego CQunty and being the True ·PQ,:i.nt 'Of Beginning; thence re-tracing alQng the NQrth line 'Of LQt' till! and the S'Qutheriy bQuJldary line of Chestnut Heights, North 89°'52" 37"West 5-26.27 feet (Nq·rth 89°49'-10" We.st 525'.43 feet per Deed.) to t'he NQrthwe.st corner of the land des\'::ribed in the Deed frQm Robert E. Ma-rkell: and Joan F. Markell,. husband and ~ife, to Rap.ehQ Carl$bad Partner&hip, a General Partnershij?-, , recorded May 3, 1979 -as File NQ. 79.,.183039 'Of Official RecQrds, s,aid . corner being alsQ the NQrtheast CQrner of the land dest~ihed in Deed ·tQ Herbert A;. R,obinson, et ux, recorded N.Qvember 12.~, i964· as Tile No. 205619 'Of Official RecQrds; thence alQng ,the Easterly line of s'aid . RQbinson land ahd the Sout1;i.erly prolQngation the.r~,o£ and being alsQthe . Westerly line' o£ said Rancho Carlsbad Partnership-hild, South 03° ;3],' 58"West 1-50.3'6' reet (South 03° 42' 45" West 1~1.1-s. .feet per 'Deed) -to an angle 'po:j:nt in the Westerly boundary of 'said Rancho C;arlsbad 'Partnership land, said point being also an angle point ill: the Easterly botmdary of . the land d~s'ctibed ~n .Deed tQ Kenneth A. l{uelsman; et ux, recQrded November 28, 1967 as File NQ. 186356 'Of Off:i,c;i.al RecQrd's; 'thence continuing alQng the Easterly boundary of Huelsmanll;! landa:ndbeing,alSQ the Westerly bQundary of the RanchQ Garlsbad Partner'ship land SQuth 13() ·45' 37" East 149.53 feet (SQuth 13° 52' 45" West 149. Q4 feet vel;' Deed)tQ the N,orthwest- ) -1 . ... LEGAL DEStRIPTION PAGE NO • .2 . , • erly corner o'f the land de~cribed in Deed to Ri<;:hard .H. Caldwell, et ux, recorded.January ll, 1968 as FileNo. 0057960£ Official Records; thence along the Northwesterly and Nor.therly boup.dary of Caldwell's land and being also the Southeasterly and Southerly li;ne. of said land qescribed in Deed to 'Rancho Carlsbad Partnership, . reco~ded May 3, 1979 as File No. 79-).8:3039 of -{)fficial Records;. North 53,0 17' IS" .East 246.34 feet (Noxth . 53° 19', 20" East 246.30 feet per Deed) to an angle point in the above referenced Caldwell and Rancho Carlsbad boun{la·ry :line;thence No,rth .89 9 04' 36" East 343.23 feet (South 89°43.' 17"East 343 .. 37 feet per De.ed) to a p'oint on the Westerly line of the afore referenced El Caniino Real" as shown on Road Survey No~ 682, said point. being on a 1040.00 foo,t non"" tangent curve concave, Easter.ly, a radial line from s~id ,point,bear~ North 69° 50' 04" East to the-center of said curve; thence Northerly along 'said curve th;rough an angle Clf 08° 06' 45", a d~stance of 147.25 feet·(149.09 feet per Deed) to the True .Point of .Beginning. Orde+ No. 236712-A Perimiter, Description' T.P.M. (City of Carlsbad,) San Dieguito Engineering, Int. No. 1236 . 5/7/79 mfa ~------------------------------------------~--------~~----~---- Fee: $ ·-=-50:.....:...:0--=-O_~_ Su bd'iv isi 0 n ___ P;;.....:...:. U::...;.:..::D:..;:· .• :....--=1:.::1'---_______ _ S'UBDIVISION GUARANTEE Order No. 236772.:.C St. Paul Title Insutance 'COrporation a Misso~ri Ins!lran<;e· Corporation (AMENDE!bY' . -.. ' ." . , . . , .J ·GUARANTE~S ,,~ , .l. an~' any City' within which·said s-ubaivi-"'The County of San Diego. . , ; . . . sion is I~~ated~ in a sum not ex'ceedini($1 pOO:OO That;' according to t~6sepubliCrecords Which, under the recording ~aws, impilfJ constructive notieeQf mattersaffectiflg the' title to: the land included within the exteriorbQuf,ldary' shown on the rryapo(the above refenincedsubdivision; the o'nly parties having any re~or-d title .interest. in said land whose signatures are necessary, under the requirements of the Sub.c;livislon Map Act, on the certifjcate:5consenting'to 'therecordation of sajd .map an,cl offeringfot d'edication any' . streets,·roads,.avenues and other easements offered for ded,ication by said map are: .' RANCHO CARLSBAD ,:i?ARTNERS~IP, a General Partnership' The map hereinbefore referr~d to is a sU'bdivisi.ori of: . See legal description attache~ hereto eonsis·ting of two:' pages •••••••.•••• . bated: May 19, 1979 ST. PAUL TITLE INSURANCE CORPORATION' ·fc~, By: ' Auth~' . , .. , I:" ~PAULmlE • .' iNSURANce CORPORATION ' CLTA Guarantee Form No. 14 , . (Rev. 4-10-75') ----'-~---~---------------~--~~-----. , , , "" ", " .. ... .. ... ~ .... ..:.-"' .... It t. '0, ~," GUARANTEE CONDI'Tl6N~ ANO STIPULATIONS , " 1. DEFINITION OF 'TERMS 4.-NOTICE OF LOSS -, '." . ,']he foljo",(ihg ferms when used in this LIMITATION OF ACTtQ~_ •• ;~ .'~'. ') Guarantee mean:, A st,i.iement in \'(riting of an)' 105$ or damage cept for attorneys' fees .as provided for In '(a) "land": The lam;! described, specifically or. for whicb it is c1airtiec;! theCo!11pany is 'liable ,paragraph 6(b) hereof, shall requce the amount by reference, il'i,this ",Guarantee, and, im-under {his Gua'rantee shall be furnished to'the' of the liability her.eunder pro t~nto, and no provements affixed' thereto whfcbby law con-Company within ,Sil):ty days after such loss or' payment snail b,e made without prodUcing thIs 'stiture ,real propertYi ' , , damage shall have been determiried,. ane!' no , Guarantee for endor~ement of such payme~t · (b) "public records!': Those recc;>rds Which tight of action ~hall' accrue to the Assutec;!:;".1: ~ ul}l,e~? the Guarantee be lost ordestr.oyed: In 'impart constructive notice ofinatters relating 'underthisGuaranteel!ntilthirty?aY'$,aftersl,lch , ~hi<;:h case p~oof of. ~ucb los~ 9r~estructlon to said land; , , .', ' : statement shall have been, furnished, and no ,shall be furnished to' ~he satisfaction of the · (c) "oate": the (;!ffective Clate; rec'overy shall be had'by the'Assured undeOhis Compapy," , '. ' .• :. ". (d) "the Asst,Jred": the party'or parties 'named . Guarantee unless' action shall be commenced ,(e),When liability has' been defil'litely-fixe'd it! as'.the Assured in this GUarantee, ;.or in a .'. thereo'n withili, tw.o yea~.s ,after expiration of . accordance ,with ·the, conditions of 'this , · supplemental writing ·executeq by th~ Corn-said thirty day pedod., Failure to furnish' s,ucn Guarant~e, the, loss or damage shall·be paYilble ' panYi .. statement of 1055 or damage or to commence within '~hirty days thereafter. " ' : '(e) "mortgage": mQrtgage, deed of trust, such.. ~ction ,within the,. time,:hereil'J 'bef~re' 7. Sl:JBktiGATION UPON PAYMENT-, · trust deeq, or other security instrument. specified, shall be a conclUSive bar ,against OR'SmLEMENT . maintenance by the Assured of any 'actiol) " , ' . " ","" 2. EXCLUSIONS ~ROM <;:OVERAGE under, this GUarantee' Whenever the. Company·shallliave settled a O.F THIS GUARANTEE . . , .' u " , , " 'claim ,under this 'Guarantee, all right pf sub'-"" , ".' 5. OPTION TO PAl, SETILE • , 't'h II' t·' th C n~" ffe t d ,!he Cqmpany assumes' no liaqility for loss or OR COMPROMISE CLAIMS' roga Ion 5 a, ~ves.1n e, ompa y pna, c.e daIT,lage by reason of the following:', " .,' :, " by. a,ny act of the .A,ssured, and It. shall be :'.. ", . . The.Companyshall h~\.Ve the opt.lon ,to.pay. or .• ~" subrogated. to and be"entltled to all rights' and ·(a) :ra~~s, ~r as~essments w~kli aren'Qtsn6~YF '~; ~settle,-o)4,eom.,)rbm.rse.f.9r-br li1tliecn:~'me~bf tire,' ',: ';e·rTt;die'swliidi' the .Assur~cf.would have had as, e~ls~ln~ lIe,ns b.y the record~ of any taxing, Assur.ed any c1ai~ ~hich could result in los,S t?' ' agai'nst at'l>i .per.son or proper.ty in 'respett to a\lthonty that leVies taxes o,r assessrr:'ents on the Assured Within the coverage' of this' such claim hac! this Gu?rantee not been iss·ued. real property or by t~~ publl~ re.cor.d~.. .Guarantee) or, tp pay the full ?n:ount of:this .If the payment does not cover th¢' loss oJ the , J?) Un~aten.ted mmmg c!alms, reserva~l?ns Guara,ntee or~,lf thls·Guarahtee IS Iss4edfor the,. ,Assured; tlieCo'mpany sl:!all be subrogate~' to . · ,0r,~~cep.tlOflS In pate?t~ or In ~cts auth<?nzmg qen€ilflt ofa.holderof. a mortgage! the Compa,n}'. ~u.ch ,right's and remedles'in the p,roportlOn / tpe Issuance thereof, water nght~ c.Ialms or shall liave' the option to purchase th~ In-whicb'said:payment.b~ars to·the amount of ~aid , title to. water." " .'. debtedness secured by said mortgage~ Such 105$, The Assured if req'uested by th~ Compa.ny, .. . (c) Title to any. prope~ty b~yond the lI~e~ of purchase"pi;lyment or.tender of PaymE!nt'ofthe shcjll' transfer to the Company all rights and · the land ~xpre,ssly deSCribed In t.~e descnptlon. f,ull ?!l10unt ohh,e Guararitee ~hall.terminate all remedies ."against ,any person. or : p~ope~ty', set forth In thiS Guaraptee, or title to streets, liability· of, the Co.mpany hereunder. In the necessar.y .'111 order ,to perfect such, ,right ()f roads, avenues, lanes, ways: or waterways on' event after notice 'of claim has, bee'n given to ',suhro'gaHon, an.d, shall petmitthe Comp'anY,to whith such land abuts, or the rightto maintain . the Company by the, Assured the Company" use the name ohhe Assured in any transaction .therein vaults, tunnels, ramps or any other offers' to purchase said; indeqtedness; the . " or litigiltion inVolVing such rights or remedies. . structure or improvement; or any rights or owner of such, indebtedness shall transfer a,n.d '8 GUA'RANTEE ENTIRE ,CONTRACT ' easements therein unless such prope~ty, rights '. assign ~aid' !ndebtedne~s .and.' th:e llJortgage·. : v .'" "' , • " " or eaSemerits ar~ ,~ic.prE'..S!iI)! an.d.spe:cif!c~lI¥ st:!(:. ;.secUdhg =-the Jsar.ne' to~t'he·..:companr ~UpOIl ..!c· ,:~I1y':a~IQQJQr CI£,tl~~1>r ElglU~·of actl,on that forth in said d.escription. payment of the purchase price. . . the Assured ~~y hav.E;or,may bring. agal~st the (d) Defects, lien?, encurpbrances, adverse 6. LIMITATION OF LIABILITY _ (ompany arISing out of the 'su~J~ct matt~r " claims against the title as guaranteed or other PAYMENT Of LOSS liereb( must be based on the provIsions of this matters (1) created,. suffered, ,assumed or . (aj The liability ,of the Company u~der ,tnis 4~i1r,ant~,e: . . . ' . agree? to:by one or more ohhe Assured; or (2) Guarantee shall 'be 'limited to the amount 'of -No:prov!slon or condition of thiS Guara~~ee resultmg In no foss to .. theAssured. actual foss sustained by the Assured because of ,ca~ .~~ "YaIY~c! or.~hanged e,Xce~t.by a writing 3. PROSECUTION OF ACTIONS 'relianG~ opon the assurances h~rein set forth,. . e.(1Q9-r;~~d~ Qr. ~Hilclied. herl?toslgned by the . (a) The Compahy shall have the right ~t its bUt in no event shall such liability exceed: the . Pre~ldent; a Vice PresIdent, t~e .~~creta!y, an Qwn ~ost to in.sti~ut(;! and .. pros,ecute any actic;>n. amount of th~ Hability stated on the ,face page . ASSistant Secretary or other vah.datln~,offlce.r of .. , or-proceeding 91' do any other act which fn its hereof. ' . , . the Company. ., " . opinion, .may be necessary or desira.ble to . (b) The Company will pay' all costs[mpos~~ :9. NOtICES, WHERE' SENT ," _ establish ',or confirm the matters' herein ' upon the-AssJjr~d'jn litigatioh'carried on by the 'All' notices' requIred to be ,gfven the ~_tlril", guaranteedi and the Company may take any Company for t~e ~~su~ed) and, all costs and pany and' any statement in·wrifing required to . appropriate action under the terms of this; at,torney 5 :,te.es IIi ht~g!ltlOn. carn;d?n ~y_the be furni~hed' the Comp'any-shal.lbe: adqr\:!s~ed, Guarantee whether dr not it s'hall be liable . Assured With :the wnttefl' authorlza'tlonof,theto its, General Ofjic.e at 1650 We~fBig ,BeaVer. thereunde'r and shall not· thereby concede .' Company.. .' .", Road, Troy) Michigan''l8084. . . ~. '. liabilitY,or waive any provision' hereof. " (c) No claim for damages shall arlSe,or be, , ... (b) In all caseswfier~ the Company does SQ mait]taiqable, under this Guarant~e (1)· if, the 10· FEE institute and 'prosecl,lte any action or Company after havi11S received notice: of an The ',fee specified 'dn Part Two of ·this proceeding,. the Assured shall permit tpe Coni-alleged defect,lien or encumbrance.n9t shown, Guarantee is the totar fee for title search and · pany to l1Se; at its option, the, name of, the . as an Exception· ot excluded herein ,removes examinati()rI and for this Guarantee. Assured for such purpose. W.henever. -re-,'such defectj Ii~n' or en'cumbrarice within a quested by t~e Company, the Assured shall Jeasonilbletime after receipt of such notice, or give the Company all r.easonable aid in ('2)' f6r. liilbility 'i'oluntarily assumed -by 'the prosecuting such,act!on·orproceeding, and the ,A,ssurecl in settling any claim or suit without Company shall reimburse the Assured for any ,writte'n consent of the Company. ~ expense so incurred. . (:d) All payment~ under this Guar!Hltee) e*' . i ' , ' I " , .,' . ,:" ".- ;- >-.. LEGAL DESCRIPTION •. PAGE NO.1' . DESCRIPTION .' That portion of Lot "I" of the Rancho Agu~ Hedionda, in the City of Carlsbad, County of San'Diego, State of California, according to Map threo.f No. 823, filed in the Office of the County'Recorder of San Diego County, November 16, 1896, describ~d as follows: -', Commencing at the Southwesterly corner of' Lot 3 of Chestnut Heights, being ,also t;.he Southwesterly boundary corner of said Chestnut Heights, according to Map thereof No. 5328, ,filed in the Office of th,e.County Recorder of S'an Diego County, January 17, 1964, said Southerly line being also the Northerly line .of-Lot "I" of Rancho Agua Hedionda, according to Map thereof No. 823, filed iIi the Office of the County Recorder, November 16, 1896; thence along said Southerly line of Chestnut Heights and being a'lsothe North~rly line of Lot "I" of Rancho Agua Hedionda, South '89° 52' 37" East' (South 89° 49' 10" East per Deed) 702.24 feet to the Southeasterly cor'ner of Lot 9 in Chestnut Heights, silid Southeasterly ,corner being also the Southerly most Southeast boundary corner of said Chestnut Height,s; thence leaving the boundary 'of Chestnut Heights and continuing along the North line of Lot "I" of Rancho Agua He~HoIida; South 89° 52' 37" E'ast 285.34 feet to the Westerly line of El Camino Real as shown on Road Survey No. 682,. filed ~n' the Office qf the County Engineer ,of San Diego County and 'being the True Point of Beginning; thence re":tracing aiop,g the North line of Lot "I" and the Southerly boundary line ,of Chestnut Heights, North 89° 52' 3711 West 526.27 feet (North 89° 49' 10" West 525 .. 43 feet per Deed) to the Northwest corner of' the land 'described in the Deed from Robert E. Markell and Joan F. Markell, husband, and wife, to Rancho Carlsbad PartIiership; a General Par'tn~rship, - recorded MaY,3, 1979 as File No. 79-183039 of Official Records,'said corner ,being also the Northeas:t corner of the land described in Deed to ~,. Herbert A. Robinson; et ux, recorded' November 12, 1964 as File No. 205619 of' Official Rec9rds; then,ce alo'ng the EasterlY'line of said Robinson land and the Southerly pr010ngat~on thereof and being also the Westerly line of said R(~lllcho Carlsbad Partnership land, South 03° 31' 58" West 150.36 feet (South 03'° 42' 45" West 151.15 feet per Deed) to an' angle point in the Westerly boundary of said Rancho Carisbad Partnership la:p.d, said point being also an angle ,point ,in the Easterly boundary of the land described in Deed to Kenneth A. Huelsman, et ux,' recorded November 28, 1967 as File No. 186356 of Official Records; thence continuing along the' Easterly boundary, ot' Huelsman's land and bein,g' 'alSo the Westerly boundary of the Rancho Carlsbad Partnership land South 13° 45' 37" East 149.53 feet (South 13° 52' 45" West 149.64 feet per Deed) to the Northwest- ~. ,. .. LEGAL DESCRIPTION • PAGE :NO .2. • erly corner o-f the land described in Deed -to Richard H.Caldwell, et ux,. reto:r:dedJanuary 11; 1968 as File No. 005796' qf Official Records; thence along the Northwesterly' and Northerly boundary of Caldwell's land and being also the Southeasterly and Southerly line of said land described in Deed to Ranch-o·Carlsbad Partnership, recorded-May 3, 1979 as File No. 79-183039 of Official Records; North 53 0 17' 15" East 246.34 feet (North 53 0 19' 20,j East 246.30 feet per Deed) to an angle point in the. above referenced Caldwell and Rancho Car.1sbad boundary line; thence North 890 04' 36" East 343.23 feet (South 89.° 43 I 17" East 343..37 feet :per Deed) to a poi1,lt on the Westerly ·line of the afore referenced El Cqmino ~eal, <:is sho'wn on Road' Survey No. 682., said point. being on· a 1040.00 foot l).on- tangent curve concave Easterly, a radial line fr6m said pbint bear.s North 69° 50 I 04" Eas·t to th~ center of said curve; thence Northerly along said curve thro1,lgh an angle of 08° 06'. 45",' a distance of 147.·25 feet (149.09 'feet per Deed) to the True Point of Beginning: Order No. 236772-A Perimiter Description T.P.M. (City of Carlsbad) Sa~ Dieguito. Engineering, Inc. No. 1236 5/7 /79 mfa