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HomeMy WebLinkAboutDeeds & Easements_41-1971E T ` * Grjo�.7M PATE 5N WHEN RECORDED, PLEASE MAIL THIS INSTRUMENT TO BWORDED AT REQUUT OF MAIL TAX STATEMENTS TO City of Redlands �L Tie insurance and Trust Company City Hall MAR 3 1971 at 8 A.M. Redlands , California BOCK76 .9 PAGE583 Attn: John Shone OFFICIAL RECORDS Son Bernardino County, Calif. Order No. Escrow No. 0 Nd FEE O�U/Ak E Recorder Loan No. SPACE ABOVE THIS LINE FOR RECORDER'S USE PLACE. INTERNAL REVENUE STAMPS IN THIS SPACE DOC MENTARY TRANSFER TAX $ 35 21 Computed on full value of property conveye F-1Computed on full value less liens & encumba GRANT DEE © remaining thereon at time of sale. TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, -4 Bea Irene Hedden do hereby „7 GRANTto City of Redlands , a Municipal Corporation the real property in the County of San Bernardino State of California, described as. Parcel 1: 5?3 That portion of Lot 6, GARDEN COURT SUBDIVISION, in the City of Redlands , as per plat recorded in Book 20 of Maps , page 22, records of said County, described as follows ' te��a j riT"Tif—�1 er lne of Gare North 210 40 ' East 159.7 feet from 75hfeetntmoreior less, Iona Street, thence North 21 40 E ast point which is South 210 41 ' West 189 .48 feet from the most northerly corner of Lot 6 which lies in the center line of Garden Court, thence North 600 51' East 153.9 feet to the center line of Ford Street; thence following the center line of Ford Street in a Southeasterly direction to the North- easterly corner of land conveyed to Priscilla Alden Simons , by deed recorded in Book 713 , page 307 , Official Records of said County; thence South 690 06 ' West 187025 feet to the point of beginning. SAVING AND EXCEPTING that port'an thereof in Ford Street' fan Dernardino j On February 2.4, 1971 {L before me the undersigned, a Notary Public in and for said State, personally appeared Bea Irene `Redden — v .ANNEI l E S LEEST ig tic t,oy)mia known to me to be the person whose name ' subscribed to the within instrument and acknowledged that she <• '. Ai'i �: %0lN0 i:UUNIV executed the same ]yly Eo�unission Expires August 24, 1972 WITNESS my hand and official seal. Signature n el tt est Name(Typed or Printed) (This area for official notarial seal) MAIL TAX STATEMENTS TO: '- FORM 1002 o ip ZCode 'A0 •A ,441 GRANT ® E E ® ❑ Computed on full value less liens & encurnbrt remaining thereon at time of sale TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which Is hereby acknowledged, % Bea Irene Hedden _ deo hereby G° GRANT to City of Redlands , a Municipal Corporation the real property In the County of San Bernardino State of California, described as Parcel 1. J.k That portion of Lot 6, GARDEN COURT SUBDIVISION, in the City of Redlands , as per plat recorded in Book 20 of Maps , page 22, records of said County, described as follows . BEGINNING at a point on the dividing line between Lots 4 and 6, of GARDEN COURT SUBDIVISION, North 21° 40 ' East 159. 7 feet from center of Garden Street, thence North 69° 06 ' East 187.25 feet to the center line of Ford Street, thence Southeasterly 57-07 feet along the center line of Ford Street, on a curve concave to the Northeast with a radius of 75 feet, thence Southerly 93. 75 feet along a curve concave to the West with a radius of 50 feet, thence Westerly 100 feet along a curve concave to the Northwest with a radius of 100 feet, thence Westerly 63. 76 feet along a curve concave to the Southeast with a radius of 75 feet, thence leaving the center line of Ford Street, North 44° 20 ' West 162. 3 feet to the point of beginning. SAVING AND EXCEPTING that portion thereof in Ford Street. Parcel 2• BODK7619 pmx584 Portion of Lot 6, of GARDEN COURT SUBDIVISION, in the City of Redlands , as per plat recorded in Book 20 of Maps , page 22, records of said County, described as follows - BEGINNING at a point in the dividing line between Lots 4 and 6, North 21° 40' East 159 7 feet from the center line of Garden. Street, thence North 21° 40 ' East 75 feet, more or less, to a point which is South 21° 41 ' West 189.48 feet from the most northerly corner of Lot 6 which lies in the center line of Garden Court; thence North 60° 51 ' East 153.9 feet to the center line of Ford Street, thence following the center line of Ford Street in a Southeasterly direction to the North- easterly corner of land conveyed to Priscilla Alden Simons , by deed recorded in Book 713, page 307 , Official Records of said County, thence South 69° 06 ' West 187. 25 feet to the point of beginning. ��y6 SAVING AND EXCEPTING that portion thereof in Ford Street. �. BOOK 7619 PACE 585 CERTIFICATE OF ACCEPTANCE This is to certify that the interest in real property conveyed by Grant Deed dated February 9 , 9 19 719 from Bea Irene Hedden to the City of Redlands, a political corpora-Lion and/or govern- mental agency is hereby accepted by order of the City Council. on March 2 , 9 19_219 and the Grantee consents to recordation thereof by its duly authorized officer. Dated. Manch 2 , � 19 71, � -� Bya ��� tt ie_� i Fa City M&nager 1 Sub. Np.4 Redlands City 176-08 :t V3 Tax Code Area 501 o� t � � O 2 \ f m\\ 7 T� a q 3 � Q s 4 b Y 1 \ 4 s T Q ` S10.B 2: 6a 19S w 1y r ,sF•T 3*.r r t c.16 \ aaf 9750 9� �o rps6 O ti� 13 o !16 �e \ m { ^ 3,.3 j 1 ILIA`' Note—Assessor's Blk & Lot I 6z 5 a7.za ,,�, Numbers Shown m Circles /00 22 1f.57 REVISFn Assessor's Map Q� Book 176 Page 08 San Bernardino County J� To Gum Baan Escrow, Inc 101 East Redlands Blvd Suite 180 Date o1/21/94 Redlands, CA 92373 4700 Fscrow No 12533-DC (909)793 314 7 FAX f909)7984606 Officer Denise Casey Guardian Escrow Inc is lrcnaed by the Department afCorporanont State ofCallf MEMO Initial Deposit 1 Don o0 T D & Note to Seller 130 000 00 Additional Cash through escrow 19 000 00 TOTAL CONSIDERATION S 200,000 00 AMENDED SALE ESLROW INSTRUCTIONS I/WF the undersigned Buyer in for to c lose of escrow will hand yon Lhp surto of $19,000 00 and a check for 51,000 00 has been deposited and will deliver to you any instruments which this escrow requires shall instructed to use provided that ON OR be exerirted by me, all of which you are WORE 31, 1999 you hold a standard jnint protection policy of t]tle insurance through Union Land Title Company with the usual title company's exceptions with a liability in the amount of the total consideration covering the following described real property That portion of Lot 6, GARDEN COURT SUBDIVISION in the City of Redlands County of San Bernardino State of California more particularly described In Exhibit "A attached hereto and made a part hereof COMMONLY RLI-ERRED f0 AS 126 Garden Hill Drive Redlands CA 92373 (nnt verified) Assessot 's Parcel Number 176-082-05 & 176-082-06 SHOWING TITLE VFSTED rN ANTHONY C GRANO and SANDRA E GRANO, husband and wife as joint tenants SUBJECT ONI Y TO- (]) Current property taxes (2) The lien of supplement:sl taxes if any issessed pursuant to the provisions of Chapter 998 S13t311, (1963) State of California (3) Any covenants conditions restrictions reservations, rights rights of way and easements of ret-ord, or in deed to file and any EXCEP71 ON of water minera)s oil gas, and kindred substances on of under said land now of record, or in deed to file (4) PURCHASE MONEY DEED OF TRUST on your usual form executed by THE VESTEF, %,Vctlring NOTF for $180 000 00 in favor of CITY OF REDLANDS a municipal corporation dated diiring escrow, with Interest -It 8 per cent pen annum, from date endorsed payable monthly at Redl•rnds Cal ifornii Ptincipal and interest due and pay•rblr in installments of $1 32x1 39 OR MORF e-rt,h on the same dry of every ra]endar month beginning one mcFnth after Anse of esrrnw and continuing until 1 year after of escrow on which dale all unpaid ptIn( ipal and interest ,hall bi. due and payable ESCROW HOIDER lS AUTHORIZED AND INSTRGCTFD Ar CLOSE OF FSCROW 1`0 INSERT TI1F APPROPRIATE DATES AS INDICATED AHOVF 011' SAID NOTE NOTWITHSTANDING rll6 FACT THAT SAID NOTF HAS BEEN EXEI'UTED SAID NOTE AND/(1R DF,ED OF TRUST AS APPIILABLE SHAII CONTAIN THE FOLLOWING RECITALS ThiN nor � is suhlrcl to qt, lrnn 296G of Lhr civil friar of lhr fil tlf u( Cflifurni't which provides that the Holder of this note shall give written notice t(r Lhe TrtvStor OP his srrrcessnr in inlrrrr•St of prt.scr €bed [informal ion AI LEAST 90 HAYS AND NOT MORF THAN 150 DAYS, BEFORE ANY BALLOON PAYMENT IS DUE ESCROW HOLDER IS RELIEVED OF All RESPONSIBILITY AS TO THE VALIDITY, SUFFICIENCY, LEGALITY AND RFG1irARITY OF THE RECIIALS TO THE DOCUMENTS PROVIDED FOR HFREIN ABOVE, WHICH HAVE BEEN FURNISHED BY TRF PARTIES ESCROW INSTRUCTION'S (continued) Page 2 MESLL•LLANFOUS 1(ISTRII( 1 THESE INSTRUCTION 2 BUyer will furnis first mortgagee, Buyet authorizes roverage shdwn in Bttyet 's agent as I Buyer or Seller hr S At close of escrot rredtt the actr}uni for repairs 4 Ftldolse interest C 5 NOTw 1 rHSI ANO 1 NC Ar AN[) SEVERALLY, AGF CAN(Ff LA] I ON OI rf ESLROW HO)t)OPEN FF LAST KNOWN PFRFORA WHICHEVER IS FAR1I ESCROW IN( 1} F FFRFORMANrE f)ATF. A THEN rHERE SHATf F CAf,IFORNIA ESCHEAT THF 131ATE OF rAl t F THE TIME PERTOI) Al fi SPlle1 and Buye) a Lith c rivet l ug Lhe 603838 6 dated .13 4 ~ ESCROW INSTRUCTIONS FSCROW NO 12983-DC (continued) Page 3 DATE 01/21/94 I/We, Seller agree to the foregoing instructions and prior to said date will hand you any funds or documents necessary for us to comply therewith, provided you hold for us the funds and instruments deliverable to us Pay any encumbrances necessary to place title in the condition called for and any bonds , assessments , delinquent taxes and/or liens and encumbrances now of record, except for those provided for herein THE CF NERAL, PROV I S I ONS ATTACHFD HERE fO ARE BY REFERFNCF THERE:t O INCORPORATED HEREIN AND MADE A PART HERFOF AS THOUGH FUIIY SET FORTH HEREIN Each of the undersigned states ha has lead the foregoing instiortions and agrees to them, and helehy acknowledges receipt of a copy hereof SELLER BUYER CITY O! Rl ANDS a mur ipill c orporation t3y ANI}TONY ( GRANO /fit ,.�,�, Swen Larson, Mayor ATTF4T SANDRA f GRANO P O Box 300,, Oer ' Cityjd1ands 40178 High Street Redlands CA 9 3 Cherry Valley, CA 92223 Guardian Escrow, Inc. F GENERAL PROVISIONS 1 All funds received in this escrow shall be deposited with a State or National bank with other escrow funds Make disbursements by your check checks not presented for payment within six months after date are subject to service charges In ac cordance with your schedule in effect from time to time Make all adjustments and proratings on the basis of a 3U day month "Close of Escrow"is the day instruments are recorded All documents and funds due the respective parties herein are to be mail ed to the addresses set out below their respective signatures unless otherwise instructed Our ctive signatures on any documents and Instructions pertaining to this escrow indicate our unconditional approval of same Whenever provision is made herein for the payment of any sum the delivery of any instrument or the performance of any act 'outside of have no responsibility therefor and shall not be concerned therewith escrow, you as escrow holder shall 2 Seller Ina sale escrow or borrower in aloan escrow guarantees and you shall be fully protected in assuming that,as to any in surance policies handed you,each policy:sin force,has not been hypothecated,and that all necessary premiums therefor have been paid You will,as my agent,assign any fire and other insurance policies,handed you or that Beneficiaries Inform you they hold Deliver assurances of title and fire or other Insurance policies if any,to holder of senior encumbrance or his order or if there be no encumbrances then to the order of buyer or lender Any policy of title insurance called for herein may be issued for the benefit of all parties in Interest,may be procured by you from any title company operating in the county where the property is located and will be subject 10 exceptions and conditions in such company's regular printed form These instructions may be exe- cuted in counterparts All such counterparts together shall constitute one and the same document You are hereby authorized to deposit any funds or documents handed you under these Escrow instructions or cause the same to be deposited with any other escrow,company bank lending institution,or title company in the event such deposit shall be necessary or convenient to carry out the Instructions set forth in this escrow,subject to your order You are hereby given a lien upon any property held by you for me whether held in this escrow or otherwise,for any and all escrow fees expenses,costs attorney's fees losses and other liabilities Incurred by you and arising out of,connected with or incidental to this escrow or any other escrow to which we are a par ty You may deduct from my net proceeds any amount I may owe you in any other matter You may destroy these instructions and all other instructions and records In this escrow at any time after five years from the date of the close of this escrow 3 In consideration of your undertaking to act hereunder,I agree to pay when called upon by you so to do for all services per formed for me together with all charge,expenses and costs Incurred or paid for me by you as customarily allocated unless the written instructions herein provide to the contrary Should either party revoke or fail to complete this escrow In accordance with the terms,such party shall pay and hereby agrees to pay all fees,costs expenses and charges for both of the parties hereto and such payment by such party shall not prejudice any other rights or causes of action which might be vested in the other party hereto,except that should an escrow with a contingency not be completed because of the failure of the contingency then each party agrees to pay one half of the escrow costs and expenses In the event of failure to pay fees or expenses due you hereunder on demand,I agree to pay a reasonable fee for attorney's services which may be required to collect such fees or expenses 4 You shall be under no obligations or liability for failure to inform me regarding any sale,loan,exchange,or other transaction,or facts within your knowledge even though same concern the property described herein,provided they do not prevent your com p]lancer with these instructions You are not to be held liable for the sufficiency or correctness as to form manner or execution or validity of any instrument deposited in this escrow nor as to identity authority,or-rlghts of any person executing the same nor for failure to comply with any of the provisions of any agreement contract or other instrument filed herein or referred to herein, and your duties hereunder shall be limited to the safekeeping of such money instruments or other documents received by you as escrow holder and for the disposition of same in accordance with the written instructions accepted by you in this escrow Your liability as escrow holder shall be confined to the things specifically provided for in my written Instructions in this escrow 5 If the conditions of this escrow have not been complied with pnor to the expiration of time provided for herein or any exten sion iha*eor,you are nevertheless to complete the escrow as soon as the cona9tions,except as to time have been complied with unless written demand shall have been made upon you not to complete it r✓v Ilu I uta I Hu If I IYIb NOTE When paid, this note,with Deed of Trust securing same, must be surrendered to Trustee for cancellation before reconveyance will be made a NOTE SECURED BY DEED OF TRUST (INSTALLMENT INTEREST INCLUDED) S__1HQ.SIQQ ----- -----------------------RP_dJ_Lud ____ California -------------JAN1L6A X_2J___ 19,14__ In installments as herein stated for value received I promise to pay to-1,LTy_ _CQRPMATI SIS--------____ ----------------- Redlands CA 92:373, ----------------------------------------`-- _-_or order ---------------------------------------the Principal sum of ONE HUNDRED FIfiHTY THOUSAND and NO/100 ------------------------------ _------------ -- ------------ ------------------------------------------------------------------ ---------- date endorsed ------------------------------------- dollars interest fromate- sed ed-----------on unpaid Principal at the rale of $____ ------------------------ Per Cent Per annum Principal and interest payable in installments of--ONE THOUSAND-THREE- HUNDRED TWENTY and-- 39/100 ----------------------------------------- --------- - --------------------------------- ---__- ------------------ -- ---- --- __dollars or more on the ------------------------------day of ----------- each Ga-endar---- -------------------month beginning on the -------------------day of---------------- and continuing until , 1995, on which date all unpaid interest shall be due and payable. P principal and This note is subject to Section 2966 of the Civil Code of the State of California, which provides that the Holder of this note shall give written notice to the Tiustor or his successor in interest, of prescribed informatinn AT LEAST 90 DAYS, AND NOT MORE THAN 150 DAYS BEFORE ANY BALLOON PAYMENT TS DUE AND WHEN RECORDED MAIL TO NAME CITY OF REDLANDS crry& ADDRESS P 0 BOR 3005 STATE REDLANDS, CA 92373 ZIPS J JXAOld.,Nd Es.—N. 12583—JF SPACE ABOVE THIS LINE FOR RECORDER'S USE DEED OF TRUST AND ASSIGNMENT OF RENTS BY THIS DEED OF TRUST made this 21st day of January 19 94 ,between ANTHONY C GRANO AND SANDRA E GRANO, HUSBAND AND WIPE herein called Trustor,whose address is 126 Garden Hill Drive, Redlands, CA 92373 (number and street) (city) (state zip) and INLAND BROOKSIDE SERVICES, INC ,a California corporation, here called Trustee, and CITY OF REDLANDS, A MUNICIPAL CORPORATION ,herein called Beneficiary, Trustor grants transfers and assigns to trustee in trust,with power of sale that property in the City of Redlands, San Bernardino County,California described as That portion of Lot 6, GARDEN COURT SUBDIVISION, more particularly described in "Exhibit Ar` attached hereto and made a part hereof The Note secured hereby contains the following provision- "This note is subject to Section 2966 of the Civil Code of the State of California, which provides that the Holder of this note shall give written notice to the Trustor, or his successor in interest of prescribed information at least 90 and not more than 150 days before any balloon payment is due Trustor also assigns to Beneficiary all rents issues and profits of said realty reserving the right to collect and use the same except during continuance of default hereunder and during continuance Of such default authorizing Beneficiary to collect and enforce the same by any lawful means in the name of any party hereto For purpose of securing , (1)Payment of the Indebtedness evidenced by one promissory note In the principal sum of S 180,000 00 of even date herewith payable to Beneficiary and any extensions or renewals thereof (21 the payment of any money that may be advanced by the Beneficiary to Trustor or his successors with Interest thereon evidenced by additional notes(indicating they are so secured)or by endorsement or.the original note executed by Trustor or his successor (3)performance of each agreement of Trustor Incorporated by reference nr rnlrla-r,ori no— January 21 1994 Escrow No 12583—DC EXHIBIT "A" PARCEL 1 Than portion of Lot 6, GARDEN COURT SUBDIVISION, in the City of Redlands, as per plat recorded in Book 20 of flaps, page 22, records of said County, described as follows BEGINNING- at a point on the diva.dl_ng line between Lots 4 and 6, of GARDEN COURT SUBDIVISION, North 210 40' East 159 7 feet from center of Garden street, thence North 690 06' East 187 25 feet to the center line of Ford Street, thence South- easterly 57 07 feet along the center line of Ford Street, on a curve concave to the Northeast with a radius of 75 feet, thence Southerly 93 75 feet along a curve concave to the West -nth a radius of 50 feet; thence Westerly 100 feet along a curve concave to the Northwest -with a radius of 100 feet; thence Westerly 63.76 feet along a curve concave to the Southeast with a radius of 75 feet, thence leaving the center line of Ford Street, North 440 20' West 162 3 feet to the pomt of beginning SAVING AVID EXCEPTING that portion thereof in Ford Street PnurIm o We will paovide the insurance described in this PCMi oy in return for the premium and Compliance ❑ STATE FARM FIRE AND CASUALTY COMPANY Li with all applicable provisions of this policy J2, STATE FARM GENERAL INSURANCE COMPANY 55-BE=6636--8 Policy Number 3333 Hyland Avenue Costa Mesa,California 92626 1507 A Stock Company with Home Offices in Bloomington Illinois Named Insured and Mailing Address GRANO, ANTHONY C. AND SANDRA E. GRANO, HUSBAND AND WIFE AS JOINT TENANTS 126 GARDEN HILL DRIVE REDLANDS, CALIFORNIA 92373 The Policy Period begins and ends at 12.01 a.m Standard Time at the residence premises unless otherwise shown below Automatic Renewal — It the Policy Period is shown as ❑ Noon standard rime 12 Months, this policy will be renewed automatically 2--4-94 Effective Date subject to the premiums, rules and forms in effect for 12 Months Policy Period each succeeding policy period If this policy is terminated, 2-4-95 Expiration of Policy Period we will give you and the Mortgagee/Lienholder written notice in compliance with the policy provisions or as Limit of Liability—Sectio-i 1 regwreo by law g 173,000 Coverage A Dwelling Policy Type Deductibles Section T ❑ HOMEOWNERS POLICY—Special Form 3 $ 500.00 ALL LOSSES HOMEOWNERS POLICY—(Extra Form 5 In case of loss under this policy the deductible will be (Guaranteed Replacement Dwelling) ❑ RENTAL DWELLING POLICY—Spacial Form 3 applied per occurrence and will he deducted from the amount of the loss Location of Premises if other than Insurod's Mailing Address Other deductibles may apply - refer to your policy Policy Premium S 550.00 Forms Options and Endorsements 0 `sTATr VAXM OE CILRQP�i.E't,, AGENT NT FP 7925 Auto-L:►- F-=Itlz Fine Home Bus 438 BFU NS (na 1063 tar' V'3 Verge Dr iftsurrmcr San Dimas, CA 91773 --Z BUS (009) 589 9315 Mortgagee CITY OF REDLANDS A MUNICIPAL CORPORATION P.O. BOX 3005 REDLANDS, CALIFORNIA 92373 Loan Number �1 Countersigned 2-3— 19 94 By �, :� 8273/47 Agent Agent's Cade 559 916 CA 12 Rev 05 93 Prinled in U.s.A PAINTED ON POST CONSUMER RECYCLED PAPER MORTGAGEE COPY l , S F FORM Form 43813FU NS (Rev May 1, 1942)X LENDER'S LOSS PAYABLE ENDORSEMENT 1 Loss or damage if any under this policy shall be pard to the Payee named on the firs, page of this policy its successor and assigns hereinafter referred to as the Lender in whatever form or capacity its interests may Rppear and whether said in terest be vested in said Lender in its individual or in its disclosed or undisclosed fiduciary or representative capacity or otherwise or vested in a nominee or trustee of said Lender 2 The insurance under this policy or any rider or endorsement attached thereto as to the interest only of the Lender, its suc cessors and assigns shall noT be invalidated no, suspended (a)by any error,omission or change respecting the ownership descrtp tion, possession or location of the subject of the insurance or the interest therein, or the title thereto IN by the commencemen of foreclosure proceedings or the giving of notice of sale of any of the property covered by this policy by virtue of any mortgag or trust deed (c) by any breach of warranty act, omission neglect or non-compliance with any of the provisions of this policy including any and all riders now or hereafter attached thereto by the named insured the borrower mortgagor trustor,vender owner,tenant warehouseman custodian occupant or by the agents of either or any of them or by the happening of any ever permitted by them or either of them or their agents or which they failed to prevent, whetheroccurring before or after the attacf merit of this endorsement or whether before or after a loss which under the provisions of this policy of insurance or of any ride or endorsement attached thereto would invalidate or suspend the insurance as to the named insured excluding herfrom howeve any acts or omissions of the Lender while exercising active control and management of the property 3 to the event of failure of the insured to pay any premium or additional premium which shall be or become due under th terms of this policy or on account of any change in occupancy or increase in hazard not permitted by this policy this Compar agrees to give written notice to the Lender of such non payment of premium after sixty(601 days from and within one hundre and twenty(120)days after due date of such premium and it is a condition of the continuance of the rights of the Lender hereundi that the Lender when so notified in writing by this Company of the failure of the insured to pay such premium shall pay or taut to be paid the premium due within ten (10) days following receipt of the Company's demand in writing therefore If the Lend shall decline to pay said premium or additional premium,the rights of the Lender under this Lender's Loss Payable Endorseme OWI not be termrndated before ten (10) days after receipt of said written notice by the Lender 4 Whenever this Company shall pay to the Lender any sum for loss or damage under this policy and shall claim that as the insured no liability therefore exists this Company, at its option, may pay to the Lender the whole principal sum and intere and other indebtedness due or to become due from the insures whether secured or unsecured, (with refund of all interest ar other indebtedness due or to become due from the insured, whether secured or unsecured (with refund of all interest not a trued) and this Company,to the extent of such payment,sha!I thereupon receive a full assignment and transfer,without recours of the debt and all nghts and securities held as collateral thereto 5 11 there be any other insurance upon the within described property this Company shall be liable under this policy as to tl Lender for the proportion of such foss or damage that the sum hereby insured bears to the entire insurance of similar charact on said property under policies held by, payable to and expressly consented to by the Lender Any Contribution Clause includ in any Fallen Building Clause Waiver or any Extended Coverage Endorsement attached to this contract of insurance is here nullified,and also any Contribution Clause in any other endorsement or rider attached to this contract of insurance is hereby nullifi except Contribution Clauses for the compliance with which the insured has received reduction in the rate charged or has receiv, extension of the coverage to include hazards other than fire and conpliance with such Contribution Clause is made a part of t comderatton for insuring such other hazards The Lender upon the payment to it of the full amount of its claim,will subrogi this Company(pro rata with all other insurers contributing to said payment to all of the Lender s rights of contribution under si odw insurance) fa This Company reserves the right to cancel this policy at any time as provided by its terms but in such case this poli dWI continue in force for the benefit of the Lender for ten(10) days after written noticed of such cancellation is received by t Lender and shall then cease 7 This policy shall remain in lull force and effect as to the interest of the Lender for a period often(10)days after its expirat unless an acceptable policy in renewal thereof with loss thereunder payable to the Lender in accordance with the terms of t Lender s Loss Payable Endorsement shall have been issued by some insurance company and accepted by the Lender 8 Should legal title to and beneficial ownership of any of the property covered under this policy become vested in the Len or its agents insurance under this policy shall continue for the term thereof for the benefit of the Lender but in swh event, i pxrvdeges granted by this Lender s Loss Payable Endorsement which we not also granted the insured under the terms and cor tions of this policy andior under other riders or endorsements attached thereto shall not apply to the insurance hereunder as resile such property 9 All notices herein provided to be given by the Company to the Lender in connection with this policy and this Lender s L Payable Endorsement shall be mailed to or delivered to the Lender at its offs,a or branch described on the first page of the pol Approved Board of Fire Underwriters of the Pacific, California Bankers Association TSS-344 Committee on Insurance NOTICE OF BALLOON PAYMENT DUE Date: September 21 ___419 95 ,at Redlands ,California To owner of real estate referred to as: California Civil Cade Section 2966 requires 126 Garden Hill prior written notice at least 90 days but nx address more than 150 days before any balloon paymet property is due under a carry back note secured by ai Redlands, CA 92373 1-4 residential property City State ' securing a promissory note dated: California Civil Code Section 29241 requires January 21 1994 # prior written notice at least 90 days but nc more Chan 150 days before any balloon paymer is due under a money loan secured byp 1--4 in the amount of $ 180,000.00 J family owner-occupied property if ttte loan term is more than one (1) year. NOTICE: .................... A final balloon payment on the promissory noteis was due on or before December 20 ,I9 95 The approximate amount due (including all principal and interest and any other charges due between the date of this notice and the due date) is $ 185,082.58 BREAKDOWN IS A FOLLOWS : $ 177,977.01 _ Unpaid Principal Balance $ 7,105.57 - Interest due from 07-04--95 thru 0.00 and inclus-ve 12-04--95 A 8 $ $�. �- Accrued late charges due ( if 0.00 applicable) $ - Additional charges ( if applicable) $ 185,082.58 - TOTAL due as of 12-20-95 (amounts stated above are approximate and subject to change contact the undersigned for updated figures ) Payment is to made to: CITY OF REDLANDS ATTN Martie Pettus, P 0 Box 3005, Redlands, CA 92373 Signature : C�'���.., /-� Date; G) S Lndenef ���\d-rf Gary M Luebbers, City Manager S.LgnaLure• YfW L Dates e �elapajficiary Sven Larson, Ma or Lorrie Poyze City Clerk Nocice delivered via :rIIED MAIL r r r