HomeMy WebLinkAboutContracts & Agreements_99-2002_CCv0001.pdf AGREEMENT FOR PURCHASE AND SALE
AND ESCROW INSTRUCTIONS
THIS AGREEMENT FOR PURCHASE AND SALE AND ESCROW INSTRUCTIONS
("Agreement"),dated.Tune 18,2002,("Effective Date")is made and entered into byand between the
City of Redlands("Seller")and The Redlands Conservancy,a non-profit corporation organized and
existing under the laws of the State of California("Buyer")hereinafter collectively referred to as the
"Parties."
RECITALS
A. Whereas, Seller owns certain real property located at 1247 Alta Street, Redlands,
California(the "Property"); and
B. Whereas, Seller agrees to sell to Buyer and Buyer agrees to buy from Seller the
Property, on and subject to the terms and conditions contained herein;
NOW THEREFORE,in consideration of the mutual promises contained herein,the Parties
hereby agree as follows:
AGREEMENT
1» PURCHASE PRICE
The total price for the Property shall be Fifteen Thousand Dollars, ($15,000.00) (the
"Purchase Price").
1.1 Doosit. Buyer shall deposit into Escrow the sum of Five Thousand Dollars
($5,000.00) within two days after the Opening of Escrow as an earnest money deposit (the
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"Deposit"). The Deposit shall be applied towards the Purchase Price.
1.2 Balance of Payment. Buyer shall pay to Seller the sum of Ten Thousand Dollars
(510,000.00) plus interest which shall become due and payable eighteen months from the date of
Close of Escrow, or upon Buyer's sale of the Property, whichever occurs earlier. Buyer shall
execute a note in the amount of Ten Thousand Dollars($10,000.00) and a deed of trust in favor of
the City securing the note,both substantially in the forins attached hereto as Exhibits "A" and "B,"
respectively.
2. CONSTRUCTION OF IMPROVEMENTS.
Buyer shall, after Close ofEscrow,
promptly commence construction of the improvements
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which are listed in Exhibit "C," which is attached hereto and incorporated herein by this reference
(the "Improvements"). The Improvements shall be completed by Buyer within twelve(12)months
from the date of Close of Escrow. If the Improvements are not completed by such date, the
ownership of the Property shall revert to Seller in accordance with the tel-ins of the Grant Deed,the
form of which is attached hereto as Exhibit "D."
3. TITLE TO PROPERTY
Seller shall,at Close of Escrow,by grant deed convey to Buyer good and marketable fee title
to the Property as evidenced by a Standard form A.L.T.A.Joint Protection Policy of Title Insurance
in an amount equal to the Purchase Price of the Property issued by First American Title Company
(the "Title Company") showing title vested in Buyer subject to the exceptions to title approved by
Buyer pursuant to Section-3).I below. Any additional endorsements or policy coverage requested by
Buyer shall be at Buyer's sole cost and expense.
4. CONDITIONS OF PURCHASE
Buyer's obligation to perform this Agreement and acquire the Property shall be subject to the
satisfaction of the following conditions,which are for Buyer's benefit only. In the event any of the
following contingencies are not satisfied within the specified time limits, Buyer may, at its sole
option, either waive such conditions or terminate this Agreement.
4.1 Approval of Title. Promptly after execution of this Agreement by Seller and Buyer,
Escrow Holder shall deliver to Buyer current preliminary title report("PTR")covering the Property
from the Title Company. Buyer shall have seven(7)days after the date of Escrow Holder's provision
of the PTR to Buyer to approve or disapprove the status of title to the Property as disclosed in the
PTR. Any disapproval of status of title shall be within the reasonable discretion of Buyer and shall
be limited to monetary encumbrances and covenants, conditions, restrictions, and easements of
record which adversely affect the intended use of the Property. Any exception not disapproved in
writing within the seven (7) day period shall be deemed approved by Buyer,and shall constitute a
permitted exception hereunder. Any objection to a title exception shall be in writing,and Seller shall
thereafter have seven(7)days within which to use reasonable efforts to cure or to provide assurance
of the cure of the title defect and cause such item to be removed fi-oni the title policy to be issued at
Close of Escrow. The term "reasonable efforts," as used in this Paragraph 3.1.shall not include any
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obligation of Seller to spend any money or to file a lawsuit or maintain any legal action to correct
any exceptions within the seven (7) day period. Seller shall notify Buyer, in writing, of any
disapproved title exceptions which Seller is unable to cause to be removed prior to or at Closing.
Buyer shall then,within five(5)business days thereafter,elect by giving written notice to Seller and
Escrow Holder (i) to terminate this Agreement,or (ii) to waive its disapproval of such exceptions,
in which case such exceptions shall then be deemed to be permitted exceptions. Buyers failure to
give such notice shall be deemed an election to terminate this Agreement. In the event Buyer elects
to terminate this Agreement, both Parties shall be relieved from any further liabilities and/or
obligations under this Agreement.
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4.2 Inspections. With the prior consent of Seller,Buyer or Buyer's agent shall have the
right to physically inspect the Property as Buyer deems necessary. All Inspections shall be done at
Buyer's sole cost and expense. Upon completion of such Inspections,the Property shall be returned
to its original condition. Buyer shall have the right, in the exercise of its good faith discretion, to
approve or disapprove of the condition of the Property as disclosed in such Inspections within seven
(7)days from the Effective Date of this Agreement. Any disapproval of the condition of the Property
shall be in writing and given to Seller within such seven,(7)day period. In the event Buyer does not
disapprove the condition of the Property within the seven (7) day period, this condition shall be
deemed waived. In the event Buyer disapproves the condition of the Property within the seven(7)
day period, this Agreement shall terminate and the Parties shall be relieved from any further
liabilities and/or obligations under this Agreement.
5. ESCROW
5.1 Qpening;, The purchase and sale of the Property shall be completed through an
escrow ("Escrow") to be opened at Guardian Escrow (the "Escrow Holder"). Upon the mutual
execution of this Agreement, Seller shall deposit with the Escrow Holder one fully executed
counterpart of this Agreement, which shall constitute the Escrow Instructions along with any
additional escrow instructions executed by the Parties pursuant to Section 4.5 of this Agreement.The
date of delivery to Escrow Holder of such fully executed counterpart shall be deemed the opening
of escrow("Opening of Escrow")and Escrow Holder shall notify Buyer and Seller in writing of the
Opening of Escrow date, the date set for Close of Escrow, and its acceptance of the escrow
instructions.
5.2 Closin-9. Escrow shall close on or before the date which is forty five(45)days from
the date of Opening of Escrow.
5.3 Costs. Seller shall pay all the usual Escrow costs and charges normally paid by a
seller in an escrow closing in San Bernardino County,including without limitation one-half of the
Escrow fee and the premium for the title insurance policy to be delivered to Buyer. Buyer shall pay
one-half of the Escrow fee and such other costs and charges normally paid by a Buyer in an escrow
closing in San Bernardino County.
54 Prorations. Current real property taxes,bonds and assessments shall be prorated at
the date of recordation of the deed, on the basis of a thirty (30) day month.
5.5 Additional Documents. Buyer and Seller shall execute such additional Escrow
instructions as Escrow Holder may reasonably require to act as Escrow Holder,but in no event shall
said additional Escrow instructions increase the rights of one party against the other party hereto or
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modify the terms and conditions of this Agreement.
5.6 Deliver-y, of Documents. Escrow Holder shall prepare the Grant Deed and Buyer
shall deliver the Purchase Price to Escrow Holder at least one(1)business day prior to the Close of
1:1c�a,,,djiw,,\gree.i-ilenL;\I 2477alta.wpd 3
Escrow.
6. SELLER'S REPRESENTATIONS,WARRANTIES AND ACKNOWLEDGMENTS
Seller hereby makes the following representations, warranties, and acknowledgments and
agrees that such representations,warranties and acknowledgments shall survive the Close of Escrow.
6.1 Seller has full tight, power, and authority to execute this Agreement and to convey
fee simple title to the Property to Buyer as provided herein.
6.2 All the documents executed by Seller which are to be delivered to Buyer at Close of
Escrow shall be duly authorized, executed and delivered by Seller and shall be legal, valid and
binding obligations of Seller enforceable against Seller in accordance with their respective terms,
and shall not violate any Agreement to which Buyer is a party or to which it is subject.
6.3 Seller is not a foreign person under Section 1445 Internal Revenue Code and will
execute a Certificate of Non-foreign status and deposit same into the Escrow prior to Close of
Escrow.
6.4 This Agreement has been duly executed by Seller and constitutes the valid and
binding Agreement of Seller enforceable against Seller in accordance with its terms.
7. BUYER'S REPRESENTATIONS AND WARRANTIES
Buyer hereby makes the following representations, warranties, and acknowledgments and
agrees that such representations, warranties and acknowledgments shall survive Close of Escrow.
7.1 Buyer hereby represents and warrants that the person executing this Agreement has
the full authority and power to enter into this Agreement on behalf of Buyer to purchase the Property
from Seller, and to take all actions required of it by the ten-lis of this Agreement.
7.2 All the documents executed by Buyer which are to be delivered to Seller at Close of
Escrow shall be duly authorized, executed and delivered by Buyer and shall be legal, valid and
binding obligations of Buyer enforceable against Buyer in accordance with their respective terms.
7.3 That(i)prior to Close of Escrow,Buyer will have had the opportunity to investigate
all physical, land use and economic aspects of the Property and to make all inspections and
investigations of the Property which Buyer deems necessary or desirable to protect its interest in
acquiring the Property,including,without limitation, environmental audits and assessments, toxic
reports, surveys, investigation of land use and development rights, development restrictions and
conditions that are or may be imposed by governuiental agencies, soils and geological reports,
engineering and structural tests, insurance contracts, cost to complete studies, governmental
4:1.1
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agreements and approvals,and(ii)Seller,nor anyone acting for or on behalf of Seller,has made any
representation,warranty,promise or statement,express or implied,to Buyer,or to anyone acting for
or on behalf of Buyer, concerning the Property or the use thereof Buyer further represents and
warrants that all matters concerning the Property have been or shall be independently verified by
Buyer prior to Close of Escrow, and that Buyer shall purchase the Property on Buyer's own prior
investigations and examination of the Property (or Buyer's election not to do so); AND THAT
BUYER IS PURCHASING THE PROPERTY IN AN "AS IS" PHYSICAL CONDITION
AND IN AN "AS IS" STATE OF REPAIR.
8. NOTICE
Unless otherwise provided herein, any notice, tender, or delivery to be given hereunder by
either party to the other may be effected by personal delivery in writing or by registered or certified
mail, postage prepaid,return receipt requested, and shall be deemed communicated upon delivery
or as of mailing. Mailed notices shall be addressed as set forth below, but each party may change
its address by written notice in accordance with this Section.
Buyer: Seller:
Bob Clark,President City of Redlands
The Redlands Conservancy c/o Maijie Pettus
PO Box 855 PO Box 3005
Redlands, CA 92373 Redlands, CA 92373
9. HAZARDOUS SUBSTANCES
Buyer acknowledges and agrees that, to the best of the Seller's knowledge there exists no
"Hazardous Materials"(as such term is herein defined)nor oil wells,underground storage tanks,or
pipelines in,on,under or about the Property. Buyer further understands and agrees that in the event
Buyer incurs any loss or liability concerning Hazardous Materials and/or oil wells and/or
underground storage tanks and/or pipelines whether attributable to event occurring prior to or
following the effective date, then Buyer may look to prior owners of the Property, but under no
circumstances shall Buyer look to Seller for any liability or indemnification regarding Hazardous
Materials and/or oil wells and/or underground storage tanks and/or pipelines.
Buyer,and each of the entities constituting Buyer,if any, from and after the Effective Date
hereof,hereby waives,releases,remises,acquits and forever discharges Seller,its elected officials,
officers, employees and agents and their respective heirs, successors,personal representatives and
assigns, of and from any and all Environmental Claims, Environmental Cleanup Liability and
Environmental Compliance Costs, as those teinis are defined below, and from any and all actions,
suits, legal or administrative orders or proceedings, demands, actual damages, punitive damages,
loss, costs, liabilities and expenses, which concern or in any way relate to the physical or
environmental conditions of the Property, the existence of any Hazardous Material thereon,or the
release or threatened release of Hazardous Materials therefrom,whether existing prior to,at or after
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assessment,legal representation,cost recovery by governmental agencies,or ongoing monitoring in
connection therewith and(ii)any cost,expense,loss or damage incurred with respect to the Property
or its operation as a result of actions or measures necessary to implement or effectuate any such
containment,removal,remediation, treatment, cleanup or abatement.
(c) "Environmental Compliance Cost" means any cost or expense of any nature
whatsoever necessary to enable the Property to comply with all applicable Environmental Laws in
effect. "Environmental Compliance Cost" shall include all costs necessary to demonstrate that the
Property is capable of such compliance.
(d) "Environmental Law" means any federal, state or local statute, ordinance, rule,
regulation,order,consent decree,judgment or common-law doctrine,and provisions and conditions
of permits, license and other operating authorizations relating to (i) pollution or protection of the
environment, including natural resources (ii) exposure of persons, including employees, to
Hazardous Materials or other products,raw materials,chemicals or other substances,(iii)protection
of the public health or welfare from the effects of by-products, wastes, emissions, discharges or
releases of chemical substances from industrial or commercial activities or (iv) regulation of the
manufacture, use or introduction into commerce of chemical substances, including, without
limitation, their manufacture, formulation, labeling, distribution, transportation,handling, storage
and disposal.
(e) "Hazardous Material"is defined to include anyliazardous or toxic substance,material
or waste which is or becomes regulated by any local government authority,the State of California,
or the United States Government. The terra"Hazardous Material"includes,without limitation, any
material or substance which is: (i) petroleum or oil or gas or any direct or derivate product or by-
product thereof; (ii) defined as a "hazardous waste," "extremely hazardous waste" or "restricted
hazardous waste" under Sections 25115, 25117 or 25122.7, or listed pursuant to Section 25140 of
the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law);
(Iii) defined as a "hazardous substance" under Section 25316 of the California Health and Safety
Code,Division 20,Chapter 6.8(Carpenter-Presley-Tanner Hazardous Substance Account Act);(iv)
defined as a "hazardous material," "hazardous substance" or "hazardous waste" under Sections
255010) and(k)and 25501.1 of the California Health and Safety Code, Division 20, Chapter 6.95
(Hazardous Materials Release Response Plans and Inventory);(v)defined as"hazardous substance"
Linder Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7
(Underground Storage of Hazardous Substances); (vi) "used oil" as defined under Section 25250,1
of the California Health and Safety Code; (vii) asbestos; (viii) listed under Article 9 or defined as
hazardous or extremely hazardous pursuant to Article I of Title 22 of the California Code of
Regulations,Division 4,Chapter 30; (ix)defined as waste or a hazardous substance pursuant to the
Porter-Cologne Act, Section 13050 of the California Water Code; (x) designated as a "toxic
pollutant" pursuant to the Federal.Water Pollution Control Act, 33 U.S.C. § 1317); (xi) defined as
a "hazardous waste"pursuant to the Federal Resource Conservation and Recovery Act, 42 U.S.C.
§ 6901 et M. (42 U.S.C. § 6903); (xii) defined as a "hazardous substance" pursuant to the
Comprehensive Environmental Response,Compensation and Liability Act,42 U.S.C. §9601 et seq.
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(421 U.S.C. § 9601); (xiii) defined as "Hazardous Material" pursuant to the Hazardous Materials
Transportation Act,49 U.S.C. § 1801 et§.!�q.;(xiv)defined as such or regulated by any"Superfund"
or"Superlien"law,or any other federal state,or local law,statute,ordinance,code,rule,regulation,
order or decree regulating, relating to, or imposing liability or standards of conduct concerning
Hazardous Materials and/or oil wells and/or underground storage tanks and/or pipeline, as now,or
at any time hereafter, in effect.
Notwithstanding anything to the contrary set forth herein,the releases,indemnities and hold
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harmless agreements given by Buyer to Seller pursuant to this Section shall not apply to nor preclude
liability of the Seller for any and all Environmental Claims, Environmental Cleanup Liability,
Environmental Compliance Costs,and any other claims,actions,suits,legal or administrative orders
or proceedings,demands or other liabilities resulting from the release in the past or in the future of
any Hazardous Materials of any kind whatsoever, in, on or under the Property, by Seller.
Notwithstanding any other provision of this Agreement,Buyer's release and indemnification
as set forth in the provisions of this Section,as well as all provisions of this Section shall survive the
closing of Escrow and any termination of this Agreement and shall continue in perpetuity.
10. GENERAIL PROVISIONS
10.1 Entire Agreement. This Agreement supersedes any prior oral or written agreements
between Buyer and Seller and contains the entire Agreement of the Parties as to the matters covered
hereby. No other agreement, statement or promise made by any party or to any employee, officer
or agent of any party to this Agreement shall be binding, except a subsequent amendment to this
Agreement,executed by the Parties hereto. All obligations of Buyer and Seller under this Agreement
and the Escrow shall be joint and several.
1.0.2 Time is of the Essence. Time is of the essence of this Agreement and the Escrow
referred to herein.
10.3 fter'sPerformance. Close of Escrow and the performance of any duty imposed on
Buyer by this Agreement is conditioned on Seller's full performance of all duties imposed on Seller
in this Agreement.
10.4 Seller's Performance, Close of Escrow and the performance of any duty imposed on
Seller by this Agreement is conditioned on Buyer's full performance of all duties imposed on Buyer
in this Agreement.
10.5 Successors and Assigns. Each covenant and condition contained in this Agreement
shall inure to the benefit of and be binding on the Parties to this Agreement,their respective heirs,
personal representatives, assigns, and other successors in interest.
1:',.c,audjii-�,Agreeii-tents'NI 247alta-wpd 8
10.6 Attorney's Fees. In the event any action is commenced to enforce or interpret the
terns or conditions of this Agreement, the prevailing party shall, in addition to any costs or other
relief,be entitled to recover its reasonable attorneys' fees.
10.7 Amendment. Any amendment to this Agreement shall be in writing and executed
by the Parties hereto.
11. BROKERS AND FINDERS FEES
Buyer warrants that the execution of this Agreement was not induced or procured through
any person, firm, or corporation acting as a broker or finder. Buyer shall defend, indemnity and
hold Seller harmless from and against any damages, liability or cost, including without limitations,
reasonable attorney's fees, arising from or in connection with any claim by any person, firm or
corporation based upon its having acted as broker or finder for or in connection with this transaction
on behalf of Buyer.
IN WITNESS WHEREOF,the parties hereto executed this Agreement on the dates set forth
opposite their respective signatures hereto.
Executed this 18th day of June, 2002, at Redlands, California.
CITY OF REDLANDS THE REDLANDS CONSERVANCY
By: By:
Karl Haws,Mayor Robert Clark, President
ATTEST:
By:
Lo Poyzer IOU Clerk
L',ca4i rn,A.-reements\1 247 alta,"d 9
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
T14E REDLANDS CONSERVANCY
Attn: Bob Clark, President
P. O. Box 855
Redlands, CA 92373
-Space Above This Line for Recorder's Use Only
A,P.N.: 167-251-15 Order No.: 593337 Escrow No.: 19568-JB
GRANT DEED
THE UNDERSIGNED GRANTOR(s)DECLARE(s)THAT DOCUMENTARY TRANSFER TAX IS:COUNTY$16.50
X computed on full value of property conveyed, or
computed on full value less value of liens or encumbrances remaining at time of sale,
unincorporated area; [ X] City of Redlands , and
FOR A VALUABLE CONSIDERATION, Receipt of which is hereby acknowledged,
CITY OF REDLANDS, a municipal corporation
hereby GRANT(S)to
THE REDLANDS CONSERVANCY, a California non-profit corporation
the following described property in the City of Redlands, County of San Bernardino State of California;
Lot 27 of ROSS AND RAUSCH ADDITION, in the City of Redlands, County of San Bernardino, State of California,
as per map recorded in Book 15, Page 38, of Maps, in the Office of the County Recorder of said county.
Provided, however, that fee title to the Property shall automatically revert to Grantor if the Improvements required
to be constructed pursuant to the Purchase and Sale and Escrow Agreement between Grantor and Grantee dated June
18, 2002, are not completely constructed in accordance with the terms of that Agreement.
Document Date: July 25, 2002
CITY OF REDLANDS, a municipal
corporation
By:
KARL HAWS, Mayor
ATTEST:
By: .
ATTEST:
City C, C rk
GRANT DEED CONTINUED ON NEXT PAGE
Mail Tax Statements to: SAME AS ABOVE or Address Noted Below
ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO SS
CITY OF REDLANDS
By the authority granted under Chapter 4, Article 3, Section 1181, of the California Civil Code,
and Chapter 2, Division 3, Section 40814, of the California Government Code, on August 7,
2002, before me, Beatrice Sanchez, Deputy City Clerk, on behalf of Lorrie Poyzer, City Clerk of
the City of Redlands, California, personally appeared Karl N. Haws and Lorrie Poyzer
f Xj personally known to me - or - f I proved to me on the basis of satisfactory evidence to
be the persons whose names) are subscribed to the within instrument and acknowledged to me that
they executed the same in their authorized capacities and that by their signatures on the instrument
the persons, or the entity upon behalf of which the persons acted, executed the instrument.
WITNESS my hand and official seal.
LORRIE POYZER, CITY CLERK
By:
1888 J*
Beatrice Sanchez, Deputy City Clerk
(909)798-7531
41111i,1111 III I lilt\
CAPACITY CLAIMED BY SIGNER(S)
Individual(s) signing for oneself/themselves
Corporate Officer(s)
Title(s)
Company
Fartner(s)
Partnership
Attorney-In-Fact
Principal(s)
Trustee(s)
Trust
x Other
Title(s): Mayor and City Clerk
Entity Represented: City of Redlands, a municipal corporation
THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW:
Title or Type of Document: Grant Deed - to The Redlands Conservancy
Number of Pages : two Date of Document: July 25, 2002
Signer(s) Other Than Named Above: None
RECORDING REQUESTED By
AND WHEN RECORDED MAIL TO:
The Redlands Conservancy
P. O. Box 855
Redlands, CA 92373
Space Above This Line for Recorder's Use Only
A.P.N.: 0167-251-15 Order No.: S50211 Escrow No.: 20138-JB
GRANT DEED
THE UNDERSIGNED GRANTOR(s)DECLARE(s)THAT DOCUMENTARY TRANSFER TAX IS:COUNTY$NONE
computed on full value of property conveyed, or
computed on full value less value of bens or encumbrances remaining at time of sale,
unincorporated area; [ ] City of Redlands , and
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
CITY OF REDLANDS,a municipal corporation
hereby GRANT(S)to THE REDLANDS CONSERVANCY, a California corporation
the following described property in the City of Redlands, County of San Bernardino, State of California;
Lot 27 of ROSS AND RAUSCH ADDITION, in the City of Redlands, County of San Bernardino, State of California,
as per map recorded in Book 15, Page 38, of Maps, in the Office of the County Recorder of said county.
This Grant Deed is given to release any interest retained through that certain Grant Deed, recorded August 21, 2002,
as Document No. 2002-0439080, of Official Records in the County of San Bernardino, State of California.
Document Date: March 28, 2003
CITY OF REDLANDS. a municipal
cororation
By:
KARL HAWS, Mayor
ATTEST:
By:
(City C
EXECUTOR'S DEED CONTINUED ON NEXT PAGE
Mail Tax Statements to: SAME AS ABOVE or Address Noted Below
ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO SS
CITY OF REDLANDS
By the authority granted under Chapter 4, Article 3, Section 1181, of the California Civil Code,
and Chapter 2, Division 3, Section 40814, of the California Government Code, on April 1,, 2003,
before me, Beatrice Sanchez, Deputy City Clerk, on behalf of Lorrie Poyzer, City Clerk f the
City of Redlands, California, personally appeared Karl N. Haws and Lorrie Poyzer
I Xj personally known to the - or - { } proved to me on the basis of satisfactory evidence to
be the persons whose names) are subscribed to the within instrument and acknowledged to me that
they executed the same in their authorized capacities and that by their signatures on the instrument
the persons, or the entity upon behalf of which the persons acted, executed the instrument.
'00\1111 WITNESS my hand and official seal.
S 0 C A
............
0 LORRIE POYZER, CITY CLERK
0
By:
Beatrice Sanchez, Deputv City Cler
(909)798-7531
CAPACITY CLAIMED BY SIGNER(S)
Individual(s) signing for oneself/themselves
Corporate Officer(s)
Title(s)
Company
Partner(s)
Partnership
Attorney-In-Fact
Principal(s)
Trustee(s)
Trust
x Other
Title(s): Mayor and City Clerk
Entity Represented: City of Redlands, a municipal corporation
THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW:
Title or Type of Document- Grant Deed - 1247 Alta Street, Redlands
Date of Document: March 28, 2003
Signer(s) Other Than Named Above: None
RECORDING REQUESTED BY:
AND wIjEN RECORDED MAIL TO:
THE REDLANDS CONSERVANCY
P. O. Box 855
Redlands, CA 92373
Space Above This Line for Recorder's Use Only
Order No. 850211 Escrow No. 20138-JB
SUBSTITUTION OF TRUSTEE AND FULL RECONVEYANCE
WHEREAS, TIM REDLANDS CONSERVANCY, a California non-profit corporation was the original Trustor, and
First American Title Insurance Company, a California corporation the original Trustee, and City of Redlands, a
municipal corporation the Beneficiary, under that certain Deed of Trust dated June 18, 2002 and recorded August 21,
2002 as Instrument No. 02439081, Official Records of the County of San Bernardino, State of California, and
WHEREAS, the undersigned Beneficiary desires to substitute a new Trustee tinder said Deed of Trust, now therefore, the
undersigned hereby substitutes CITY OF REDLANDS, a municipal corp,_)ration, as Trustee under said Deed of Trust and
does hereby reconvey, without warranty, to the person or persons legally entitled thereto, the Estate now held by him
thereunder.
Document Date: March 28. 2003
CITY OF REDLANDS, a municipal corporation
By:
KARL HAWS, Mayor
ATTEST:
By:
(City erk
STATE OF CALIFORNIA )SS
COUNTY OF
On before me, Notary Public
personally appeared
personally known to the(or proved to me on the basis of satisfactory evidence)to be the person(s)whose name(s)Ware subscribed to the within instrument
and acknowledged to me that helshelthey executed the same in bis/her/their authorized capacity(ics)and that by his/her/their signature(s)on the instrument
the persons)or the entity upon behalf of which the person(s)acted,executed the instrument.
WITNESS my hand and official seal.
Signature__
This area for official notarial seal.
ALL-PUIRPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO SS
CITY OF REDLANDS
By the authority granted under Chapter 4, Article 3, Section 1181, of the California Civil Code,
and Chapter 2, Division 3, Section 40814, of the California Government Code, on April 1,, 2003,
before me, Beatrice Sanchez, Deputy City Clerk, on behalf of Lorrie Poyzer, City Clerk f the
City of Redlands, California, personally appeared Karl N. Haws and Lorrie Poyzer
f Xj personally known to me - or - f I proved to me on the basis of satisfactory evidence to
be the persons whose names) are subscribed to the within instrument and acknowledged to me that
they executed the same in their authorized capacities and that by their signatures on the instrument
the persons, or the entity upon behalf of which the persons acted, executed the instrument.
\\\\k%11 Mt///,// WITNESS my hand and official seal.
E D t
0 ......... 0
LORRIE POYZER, CITY CLERK
ORA 7-60%.
......... Beatrice Sanchez, Deputy City Clerk<:��
CA (909)798-7531
CAPACITY CLAIMED BY SIGNER(S)
Individual(s) signing for oneselUthemselves
Corporate Officer(s)
Title(s)
Company
Partner(s)
Partnership
Attorney-In-Fact
Principal(s)
Trustee(s)
Trust
x Other
Title(s): Mayor and City Clerk
Entity Represented: City of Redlands, a municipal corporation
THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW:
Title or Type of Document: Substitution of Trustee and Full Reconveyance - 1247 Alta Street
Date of Document: March 28, 2003
Signer(s) Other Than Named Above: None
Recorded in official Records, County of San Bernardino $!21/2002
_� � BARRY WALKER Ul
:00 PM
Order No. �
Escrow No. SAir F&X&AR�, Auditor/Contmiler - Recorder
Loan No.
699 First American — MS
WHEN RECORDED MAIL TO: Doc#: 2002 0439081 Titles: 2 Pages: 4
Fees 25»00
City Clerk, � Taxes 0.00
Citv of Redlands other 0_00
P. O. Box 3005 PAio $25.00
Redlands, CA 92373
SPACE ABOVE THIS LINE FOR RECORDER'S USE
DEED OF TRUST WITH ASSIGNMENT OF RENTS
(SHORT FORM)
This DEED OF TRUST made Tune 18, 2002 between
THE REDLANDS CONSERVANCY, a California non-profit corporation
herein called TRUSTOR,
whose address is P. 0. Box 855, Redlands, CA 92373
(Number and Street) (City) (State)
FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, herein called TRUSTEE, and
CITE' OF REDLANIDS, a municipal corporation
, herein called BENEFICIARY,
WITNESSETH: That Trustor grants to Trustee in trust, with power of sale, that property in the
City of Redlands San Bernardino
County of , State of California, described as:
Lot 27 of ROSS AND RAUSCH ADDITION, in the City of Redlands, County of San Bernardino,
State of California, as per Map recorded. in Book 15, Page=. 35, of daps, in the Office
of the Recorder of said county.
together with the rents, issues and profits thereof., subject, however,to the right, power and authority hereinafter given to and
conferred upon Beneficiary to collect and apply such rents, issues and profits for the purpose of securing 1) payment of the
sum of 10,000.00 with Interest thereon according to the teras of a promissory note or dotes
of ever date herewith made by Trustor, payable to order of Beneficiary, and extensions or renewals thereof, (2) the
performance of each agreement of Trustor incorporated by reference or contained herein and (S) payment of additional stints
and interest thereon which may hereafter be loaned to Trustor,or his successors or assigns,when evidenced by a promissory
note or notes reciting that they are secured by this Deed of Trust..
To protect the security of this geed of Trust, and with respect to the property above described,Trustor expressly makes each
and all of the agreements,and adopts and agrees to perform and be bound by each and all of the teras and provisions set
forth in subdivision A, and it is mutually agreed that each and all of the terms and provisions set forth in subdivision B of the
fictitious deed of trust recorded in Orange County August 17, 1964, and in all other counties August 18, 1064, in the book
(continued on reverse Side) 1158(1,'9)
Page f of 4
and at the page of Official Records in the office of the county recorder of the county where said property is located, noted
below opposite the name of such county, namely:
COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK PAGE
Alameda 1288 SM Kings 858 713 Placer 1028 379 Sierra 38 187
Alpine 3 130-31 Lake 437 110 Plumes 166 1307 Siskiyou 506 762
Amador 133 438 Lassen 192 367 Riverside 3778 347 Solana 1287 621
Butte 1330 513 Los Angeles T-3878 874 Sacramento 5039 124 Sonoma 2067 427
Calaveras 185 338 Madera 911 136 San Benito 300 405 Stanislaus 1970 56
Colusa 323 391 Marin 1849 122 San Bernardino 6213 768 Sutter 655 585
Contra Costa 4684 1 Mariposa 90 453 San Francisco A-804 596 Tehama 457 183
Del Norte 101 549 Mendocino 667 99 San Joaquin 2855 283 Trinity 108 595
El Dorado 704 635 Merced 1660 753 San Luis Obispo 1311 137 Tulare 2530 108
Fresno 5052 623 Modoc 191 93 San Mateo 4778 175 Tuolumne 177 160
Glenn 469 76 Mono 69 302 Santa Barbara 2065 881 Ventura 2607 237
Humboldt 801 83 Monterey 357 239 Santa Clara 6626 664 Yolo, 769 16
Imperial 1189 701 Napa 704 742 Santa Cruz 1638 607 Yuba 398 693
Inyo 165 672 Nevada 363 94 Shasta 800 633
Kern 3756 690 Orange 7182 18 San Diego SERIES 5 Book I964,Page 149774
shall inure to and bind the parties hereto,with respect to the property above described.Said agreements,terms and provisions
contained in said subdivisions A and B, (identical in all counties, and printed on pages 3 and 4 hereof) are by the within
reference thereto, incorporated herein and made a part of this Deed of Trust for all purposes as fully as if set forth at length
herein,and Beneficiary may charge for a statement regarding the obligation secured hereby,provided the charge therefor does
not exceed the maximum allowed by law.
The undersigned Trustor, requests that a copy of any notice of default and any notice of sale hereunder be mailed to him at
his address hereinbefore set forth.
Signature of Trustor
STATE OF CAl„IFGRltlld� }ss.
THE REDLANDS CONSERVANCY,
re Me, a California non—profit corporation
N
personally appeared tit i
W. ROBERT CLARK, President
WzSQaa4y*"0W-1'o' proved to e on the basis of satisfactory evidence)
to be the personts)= mry
names}is/awsubscribed to the within instrument
and acknowledged to me that he/sbeAbey executed the same in his, heir
authorized capacity{' and that by hisiliwAheir signature(s}-on the instru-
ment the person�or the entity upon behalf of which the person(s)-acted, SALLY&WENDT
executed the instrument. 1
CommiWon# 256777
'0
No'lafy Public Car JfOrK
WITNESS my hand and offiSan Bemardino CCU*
--TIP '4
fS my c,,nnm.Wh--.Apr 9,2Uj
Signature
(This area for off notarial seal)
(continued on next page) 1158(1/94)
PAnp 2 of 4
'
announcementat such time and place of sale, and from time to time thereafter postpone such sale by public announcement utthe
time fixed by the preceding postponement.Trustee shall deliver to such purchaser its deed conveying the property so sold,but without any
covenant or warranty,express or implied.The recitals in such(I'eed of any matters orfacts shall be conclusive proof of the truthfulness thereof,
Any pers6n, including Trustor, Trustee, or Beneficiary as Kereinafler defined, may purchase at such sale.
` After deducting all costs. fees and expenses of Trustee and of this Trust, including cost of evidence of title in connection with sale.
Tmsky* ahmU apply the proceeds of sale to payment of: all sumo expended under the terms hereof, not then repaid with oocmod interest
at the amount allowed by law in effect at the date hereof;all other sums then secured hereby; and the remainder, if any,tothe person or
persons legally entitled thereto,
(7) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time,by instrument in writing,
substitute a successor or successors to any Trustee named herein or acting hereunder,which instrument, executed by the Beneficiary and
duly acknowledged and recorded inthe office cdthe recorder of the county orcounties where said property |ssituated,shall beconclusive
proof of proper substitution of such successor Trustee or Trustees,who shall, without conveyance from the Trustee predecessor, succeed
to all its dUo' estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary
hereunder, the book and page where this Deed is recorded and the name and uUdroeo of the new Trustee.
(8) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, |egatees, deviaeea, administrators,
executors,successors and assigns, The term Beneficiary shall mean the owner and holder,including pledgees.of the note secured hereby,
whether ornot named ayBeneficiary herein. In this Deed, whenever the context so requires,the masculine gender includes the feminine
and/or neuter, and the singular number includes the plural.
(S) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law.
Trustee is riot obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which
Trustor, Beneficiary or Trustee aha|l be a party un|ono brought by Trustee.
DO NOT RECORD REQUEST FOR FULL RECONVEYANCE
TOFIRST AMERICAN TITLE INSURANCE COMPANY,TRUSTEE:
The undersigned is the legal owner and holder of the note or notes,and of all other indebtedness secured bvthe foregoing Deed vxTrust.Said note ur
notes,together with all other indebtedness secured bvsaid Deed n/Trust,have been fully paid and satisfied; and you are hereby requested and directed,
on payment to you of any sums owing to you under the terms of said Deed of Trust,to cancel said note or notes above mentioned,and all other evidences
of indebtedness SeCUred by said Deed of Trust delivered to you herewith,together with the said Deed of Trust,and to,econvey,without warranty,mthe parties
designated uythe terms of said oenu of Trust, an the estate now held by you under the same-
Dated
Please mail Deed of Trust,
Note and Reconveyance to
0o riot tose or destro),this i),,,J,)j Trior()R 7111-NOIT irbicb it secures.iioib niust be delivered to The Trusleeforcancefleitiim rcom(jwnce wilthe nuide.
U. LLJ
LL Cr.
0.
Uj
Page 4m^
O NOT RECORD
The folidwing is a3 copy of;subdivisions A and B of the fie tiaiou n Deed of rust recorded n each county in California as stated in the lot 'gory"'€
Deer of Twist and irncclrporated by reference 'sn said heed of Trust as being a part therecif as if set forth at length therein,
fi protect the security of this Deed of Trust, Trustor agrees:
y
i'� To keep said property in goad condition and repair;.nos to remove or demolish any building thereon;to complete or restore prorn6tly
and i r good and workmanlike manner any building which nn y be constructed,damaged of destroyed thereon:and to pay when dere all claims
for labor performed and materia[S fUrnis;hed therefor; to comoly with a.`.l €aaws affecbng said property or requiring any alterations or
improvements to be made thereon: not to c ornnra it or permit waste thereof; not to ore-mit, suffer or permit any act upon said propertty in
vioiatiorn of law; to cultivate. irrigate, fertilize, fUrinigate, prune and do all otter acts which from the character or use of said prr,')peri may
e reasonably l*y rre—lessant the specific enumerations atiot ns herein`[ not excluding`,, h genera'
jp To provide, maintain and deliver to Beneficiary iary fire insurance satisfy ctory to and with lcesss payable to Beneficiary, The amount
collected under any fine or other insurance pc`cy may be applied y Beneficiary i-Pcin any indebtedness secured hereby and in such order
as Beneficiary rn?e"ay determine, or at option of Beneficiary the entire ar'snount so collected or any part thereof may be released to Truster,
Such application or release shall not cure or waive any default or notice of default ner'eunder or In alidate any act done pursuant to such
rnou;ce.
f3p To appear n and defend any action or proceeding purp.o in to affect the seCUrity thereof€7r the rights or powers of Beneficiary
ic:iary
or Trustee;and to pay all costs and expenses,including cost of evidence of title and attorney's fees in a reasonable sum,in any as;pct action
or proceeding in which Beneficiary,(or Trustee may appear, and in any suit brought by Beneficiary to foreclose this Deed.
( ) To pray: at least tern days before delinquency all taxes and assessments affecting said property, including assessments on
aur enter;t��>ntor stock:when duo,all erroum�rrar'rh
pp mt .k ces charges and liens,with interest,on said property or any part thereof,whichappear'
to be prior or superior hereto; all costs, necks and ex°aenses of this Trust,
Should Trustor fail to retake any payment or to do any act as herein provided,then Beneficiary or Trustee, but without obligation so
to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof, may: make or do the saran
t
t
such manner rnfif en such extent as either may[`le.5r'TS necessary to protest thesecurity hereof, Beneficiary or Trus, e being authorized
to enter upon said property for such purposes, appear in and defend any action or proceeding purporting to affect the security= hereof or
the rights or powers of Beneficiary or Trustee:pay,purchase,contest or compromise any encumbrance,charge or lien which in the judgment
of either appears to be prior or superior hereto: arid, in exer6sing any such powers, pay: necessary expenses, employ counsel and pay
his reasonable fees,
rca y immediately 3 ta..+ra all su„z�,soxpe . $;�` Beneficiary or Trair3ie�,°,with Interest et'`�,#rrt cnettf?of�`"3cpc�ridit;=?'r?
t � n �rn�,dnat�.r and ,�t�rca,.nt�,
at the arriount allowed by law in effect at the dare hereof;and to pay for any statement provided for by lain in effect at the date hereof regarding
the obligation secured hereby any amount demanded by the Beneficiary not to exceed the rrnaxirn um allowed by law at the time when said
statement is demanded.
B, it is mutually agreed:
st t That any award of damages it connection with any condemnation for public use of or injury to said property or any part thereof
is hereby ass„.rred and small be paid to Beneficiary who may apply or release such monies received by him in tate son;e manner and with
the same effect as above provided for disposition of proceeds of fife or other insurance,
f'j That by accepting payment of any gum secured hereby after its date date, Benefitoany does not waive his right either to require
prompt payruient heriln due of all other sums so secured or to d=eclare default for`aifure so to pay.
That at :any tinge or from time to lime, without liability therefor and without notice, upon written request of Beneficiary and
pi"esentaao'=,'n of this Deed and said note for endorsernent, and without affeding t`e personal liability of any persons for payment of the
indebtedness secured hereby,Trustee rn=a,y: recornvey any part of said property, consent tsar the:making of any mads ort let thereof, join in,
granting any eatser€ent thereon: or join in any :xteri s.orn agreement or any ar reernae;nt sub rd'srnating the lien or charge hereof.
tot That upon written request of Berreficrary stating that all sums secured hereby have been paid, and upon surrender of anis Deed
and said nate 10 v rustee for cancellation and retention or other disposition els Trustee in its sols discretion may choose and upon payment
ent
of its fees, Tr'ustee shall recti nvey, without warranty, the j.roparst then held hereunder,der, Tier:, recitals in such reconveyance of carrymatters
or,tacits sshati bad conclusive reclusive proof of the tnuthfulness thereof,The Grantee in°salicin reconveyance may be described as"the person or persons
legally entitled ther to."
(g; hat as additional security, Trustor hereby, gives to and confers upon Beneficiary the right, power and authority, during the
ont rai ante of these Trusts,to collect the rents, issues arra profits of said property, reserving unto Trustor the right, prior to any defain t by
%stor in payment of any indebtedness secured tenter or in performance of any agreement hereunder, to Collect anid retain such amts,
;.ss!is s art-' profit,as they Become dose menet payable. Upon any such default, Beneficiary may at any time without notice, either in person,
by agent,or by a receiver to be appointed by a court,and without regard to the adetli.iac;y of any security for the indebtedness hereby secured,
eater upon z and take possession;of said property or any part thereof, in his own mane sire for or otherwise collect such lents, issues, and
profits,including those,past due and unpaid,and apply the same,iess Costes and expenses secs of operation and collection,including reasonable
aori reqs flees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine. The entering upon and taking
possession of said property,the collection of such rents, issues and profits and the application thereof-as aforesaid,stall;not cure or waive
any defauult or notice of default hereunder or invalidate any act done pursuant to salol; notice.
,l That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder,
Beneficiary may declare all suras secured thereby immediately mediately duo and payat e by delivery to Trustee of written declaration of default and
demand for sale and of written notice of defarslt and of election to cause to be sold said property, which notice Trustee shall cause to be
filed for record,Beneficiary also steal!deposit with Trustee this Deed,said mote and all dor urnnernts evidencing expenditures secured hereby.
After the lapse of such time as may then be required by lay following the recordation of said notice of default,and notice of sale having
been given as then required by law,Trustee,without demand on Trustor,shall sell said property at the time and place fixed by it in sa€d notice
of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest kidder for caste in
awful r(iarney of tine United Mates, payable at time of sale. Trustee may postpone sale of all or any portion of said properly by public
(continued on reverseside) 1158 M/94)
Page s of 4
PROMISSORY NOTE
$10,000
Principal Amount June 1.8, 2002
Redlands, California
Close of Escrow—,-ku gu s t 21, 2002
THIS NOTE REQUIRES A BALLOON PAYMENT AT MATURITY
FOR VALUE RECEIVED, The Redlands Conservancy, whose address is P.O. Box 855,
Redlands, California 92373, ("Borrower") hereby promises to pay to the order of the CITY OF
REDLANDS,whose address is 35 Cajon Street,Redlands,California,92373("Lender")at Lender's
address or at such other place as the holder thereof may from time to time designate, the principal
amount of Ten Thousand Dollars($10,000.00)together with interest as set forth below on the unpaid
principal amount from time to time outstanding from the date hereof, plus any costs of suit and
attorney's fees incurred by the holder hereof in collecting any amounts due under this Note.
INTEREST
This Note shall bear, and Borrower promises to pay, interest (computed on the basis of a
three hundred sixty five(365)day year but with any interest payment for a partial month based upon
a thirty(30)day month)on the unpaid principal amount from time to time outstanding commencing
on the date that is the date endorsed hereon by Escrow Holder (the "Commencement Date") until
that date when the Note is paid in full at the annual rate of four and seventy three hundredths percent
(4.73%).
INSTALLMENTS OF INTEREST AND PRINCIPAL
The principal amount and accrued interest thereon under this Note shall be due and payable
as follows:
(a) The outstanding principal balance of the Note and any and all accrued and unpaid
interest thereon shall be due and payable on the date which is twelve (12) months from the
Commencement Date.
PREPAYMENT
Borrower may prepay all or any portion of this Note without penalty at any time. All
payments on this Note, including but not limited to prepayments, shall be credited first to accrued
and unpaid interest and then to the unpaid principal amount. Except as set forth herein,Borrower,
endorsers, and guarantors of this Note hereby severally waive presentment for payment, demand,
1:caAim Ageemems-Redlan&Comervancy Note.wpd I
notice of non-payment protest.
EVENTS OF DEFAULT
An "event of default" shall occur if any installment of principal, interest, or both, on the
obligation represented by this Note shall not be paid when and as the same shall become due and
payable, and such default shall have continued for a period of ten (10) days after-written notice is
delivered or mailed to Borrower at the last address of Borrower furnished to the holder of this Note
in writing at the place for payment; provided,however,such notice of default need not be given and
an event of default shall exist without any requirement for notice five(5)days after a failure to make
when due any payment as aforesaid if no such address is furnished.
DUE ON SALE PROVISION
Should Borrower agree to or actually sell, convey, transfer or otherwise dispose of the
property located at 1247 Alta Street, Redlands, or any part of it, or any interest in it, without first
obtaining the written consent of the Lender of this Note, then all obligations secured by this Note
may be declared due and payable,at the option of the Lender. Consent to one transaction of this type
shall not constitute a waiver of the right to require consent to future or successive transactions.
REMEDIES
Upon the occurrence of an "event of default" as defined above, the whole of the unpaid
principal amount of this Note and all accrued and unpaid interest shall be immediately due and
payable without further notice to or demand of the Borrower. No remedy herein conferred upon
Lender or any holder of this Note is intended to be exclusive of any other remedy, and each and
every such remedy given hereunder provided in any mortgage, deed of trust or agreement securing
or relating to Borrower's obligations hereunder or are hereafter existing at law or in equity,by statute
or otherwise.
LATE CHARGE
Borrower acknowledges that in the event any payment of any amount required hereby is note
made when due, the Lender will incur additional costs and expenses. The exact amount of these
additional, costs and expenses (,,vhich include, but are not limited to, processing and accounting
charges as well as loss of use of money due) is difficult and impractical to assess. Therefore,
Borrower acknowledges that the sum of ten percent (1010) of the an-fount overdue is, under the
circumstances existing at the time this Note is made, a reasonable late charge, and Borrower
promises to pay such late charge when due. Said late charge shall become immediately due ten(10)
days after the giving of notice of such late payment.
1:'c,aAiiiiAgrcettx.nts,Redlattds Conservancy Note.kvpd 2
GENERAL
No comae of dealing between Borrower and lender or any holder offs Note or any delay
on the part ofender dr any holder of this Note in exercising any rights hereunder operate as
a waiver of any right of lender or any holder of this Note.
This Note shall be construed and enforced in accordance with, and governed by, the laws
State ate of California.
Should-there be an event of default under this Note and should this Note he placed in the
hands of attorneys for collection,Borrower shall pay,in addition to the unpaid pr' " al °amount and
interest due and payable-hereunder,reasonable attorneys'tees,together with alll reasonable costs and
expenses of any such action or proceeding, whether or not litigation has-commenced.
Borrowershall have no personal liability for any deficiency on this note,and the only remedy
available to Lender shall be foreclosure pursuant to law as provided in the deed of rust securing this
nate,
BORROWER.
President,The Redlands Conservancy late
ATTEST.
Secretary, e Redlands Conservancy
voinin Note is aidorsed
o accrue from
ENDORSEMENT B ESCROW HOLDER: '
amrdat"with kmwofts
in ESCMwOf
IUARDIAN ESCROW, WC.,fWDLANDS, CA
'
t
Bate
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
City Clerk's Office
City of Redlands
PO Box 3005
Redlands,CA 92373
GRANT DEED
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the City of
Redlands,hereby grants to The Redlands Conservancy the following real property(the "Property")
in the City of Redlands, County of San Bernardino, State of California:
Assessor's Parcel No. 167-251-15
1247 Alta Street
Provided; however, that fee title to the Property shall automatically revert to Grantor if the
Improvements required to be constructed pursuant to the Purchase and Sale and Escrow Agreement
between Grantor and Grantee dated June 18, 2002, are not completely constructed in accordance
with the terms of that Agreement.
Dated: June 18,2002
By c'
Karl N. Haws,Mayor
Attest:
Lorrioyzer, Cit1*k
ALL-PURPOSE ACKNOWLEDGMENT
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO SS
CITY OF REDLANDS
By the authority granted under Chapter 4, Article 3, Section 1181, of the California Civil Code,
and Chapter 2, Division 3, Section 40814, of the California Government Code, on June 26, 2002,
before me, Beatrice Sanchez, Deputy City Clerk, on behalf of Lorrie Poyzer, City Clerk of the
City of Redlands, California, personally appeared Lorrie Poyzer I x I personally known to me -
or - f I proved to me on the basis of satisfactory evidence to be the person whose name is
subscribed to the within instrument and acknowledged to me that she executed the same in her
authorized capacity and that by her signature on the instrument the person, or the entity upon
behalf of which the person acted, executed the instrument.
WITNESS my hand and official seal.
of- RE4)Z
- �
k ............ .
J %
LORRIE POYZEF, CITYCLERK
1888 1
By:
..........
�4\t- jvf City Clerk
d% Beatrice Sanchez, Deputy City
(909)798-7531
CAPACITY CLAIMED BY SIGNER(S)
Individual(s) signing for oneselUthemselves
Corporate Officer(s)
Title(s)
Company
Partner(s)
Partnership
Attorney-In-Fact
Principal(s)
Trustee(s)
Trust
x Other
Title(s): City Clerk
Entity Represented: City of Redlands, California
THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW:
Title or Type of Document: Grant Deed
Date of Document: June 18, 2002
Signer(s) Other Than Named Above: Karl N. Haws, Mayor
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO
On "e-, A5 , 2002 before me, �hc� �mr�tex sari , Notary Public for
the State of California, personally appeared �S
personally known to me, be the person
whose name is/a;"ubscribed to the within instrument and acknowledged to me that he..� e,
executed the same in his/Iter,° authorized capacity eo, and that by his/hen*heir-signatureo on
the instrument to be the person(, or the entity upon behalf of which the person acted, executed
the instrument.
WITNESS my hand and official seal. i
UNDA EMMMON
coavn&don01
SM saints cow*
Signature of Notary Public awca"MOOMAM141=1
Guardian Escrow, Inc.
- 4y 101 East Redlands Blvd., Suite 180
Redlands, CA 92373
(909) 793-3147 FAX(909j798-4606
CITY OF REDLANDS Date : August 22, 2002
ATTN: Marjie Pettus Escrow No.: 19568-JB
P. O. Box 3005
Redlands, CA 92373
RE: 1.247 Alta Street, Redlands, CA 92374
Dear : Ladies and Gentlemen
We enclose the following in connection with the above numbered escrow:
Closing Statement
Our Check in the amount of$1,770.70 representing your proceeds.
Fire Insurance Policy or Certificate, issued by Caldwell & Moreland Ins. Svc. 685 E. Carnegie Dr., Suite 180.
Original Note executed in the amount of$10,000.00 in favor of City of Redlands.
(DO NOT DESTROY TRIS NOTE...Keep in a Safe Place...It Must be Surrendered when Paid in Full.)
Any recorded documents which you are entitled to will be forwarded to you directly from the County Recorder's office.
It has been our pleasure to handle your escrow, and we look forward to the opportunity to provide future escrow services
which you may require.
Guardian.Escrow, Inc.
A�
-Jeri Bray, , W EO
General Manager
SC
2 —
08,,21,,0208,,21,,02WED 1(T Uq FAX 9019 888 X12 4.. 002
,
J"1 L ORQ 4.Vf� •�
DATE(MrntODtW)
0 /21/2D02
THIS IS EVIDENCE THAT INSURANCE AS IDENTIFIED BEL HAS BEEN ISSUED, IS IN FO.R,CE,AND Gt-NVEYS ALL THE
RIGHTS AND PRIVILEGES AFI^ORDI~D UNDER THE POLICY,
PRODUCER PHONE ) Baa 88
]AIC,Naj 1, ( 9-aG � I COMPANY
Caldwell & Moreland Insurance Services Evanston Insurance Company
685 E Carnegie Dr_ , Suite 184
P.O. Box 61.85
`pan Bernardino, CA 92412-6185
COOP: SUB CODE:
SO
CUSTOMER 00000124
Cu 'OMER(D d:
NSURED LOAN NUMBER POLICY NUMBER
Redlands Conservancy TBC?
685 East Carnegie Drive #100 EFFECTIVE DATE ExriRaiiomDATE
Sar Bernardino, CA 92408-3504 � 1 TERMINATED
08f 2112C�a2 a2/21/20t73 TSaM(wATED�rcHEcxi�
THIS REPLACES PRIOR EVIDENCE DATED:
P1i'EtTylIFCI��A+1Ps�1�1
4rOCnTtONtp SC�tIPT N
l 1140 Ata Street, Redlands, CA
77777
COVERAGEPERfLSPORM9 7
� AMOUNT OFINSURANCE DEDUCTIBLE
1 Building, including Vandalism 90,000 1,000
IftK {#iClcrrilpuGCFCondliDtr
THE POLICY !S SUBj;_:CT TO THE PREMIUMS, FORMS, AND RULES IN EFFEC T FOR EACH POL.It;,'Y PERIOD,SHOULD THE
POLICY BE TERMINATED,THE COMPANY WILL GIVE THE AsDDITIONA'-INTEREST(DEIVTIFIED BELOW 10 DAYS
WRI-TEN NOTICE,AND WILL SEND NOTIR'ICAT ION OF ANY CHANGES T O THE POLICY THAT WOULD AFFECT THAT
INTEREST, IN ACCORDANCE WI H THE POLICY PROVISIONS OR AS REOUI#RED BY LAW,
ADt 7--
.10 At NT RI�,$,:t
NAW AND ADDRESS , 4. - X M0Pf,ACFF .. A^C TICNIAL!NSUREO
City of Redlands LC:.S PA'IEE
a mun i cipa i corporation LGAAi#7
Atrn: Martie Pettus
P.U. Box 3005
Redlands, CA 9237"s AOTf*oRiW)rACPRESENTarlvt
Keith Moreland/ANNA
a�_ c3 � ACCYi� "cc3RP. YRtTI ?t t9s,
Guardian Escrow, lite.
i-, 101 East Redlands Blvd.,Suite 180
Redlands, CA 92373
(909) 793-3147 FAX(909)7.98-4606
PRIVACY POLICY
Escrow No.: 19568-JB
Our Commitment to Your Privacy: Guardian Escrow, Inc.,has a long standing policy of protecting the confidentiality anti
security of information we collect about our customers. We may from time to time ask you to provide us with certain
information. You may be concerned with what we will do with such information,particularly personal or financial
information. Therefore, Guardian Escrow, Inc.,has adopted this "Privacy Policy"to govern the use and handling of your
personal information.
How We Collect Information: Guardian Escrow, Inc., gets most of its information about your finances,employment, or other
personal characteristics from you or from other parties working for you. This privacy policy deals with the information which
you provide to Guardian Escrow, Inc. It does not cover information which we receive from any other source, such as a public
record or from another person or entity. The types of information which Guardian Escrow, Inc.,may collect includes, but it
not limited to,the following:
information you provide on applications, forms and in other communications to us,whether in writing, in person,
by telephone, E-mail,electronic transfer,or any other means,
information we develop as part of handling your transaction,
information about your transactions with us, any affiliated companies,or others; and,
information we receive from a consumer reporting agency.
Guardian Escrow, Inc_ may verify this collected information or get additional information from other sources.
Why We Collect and How We Use Information: Guardian Escrow, Inc., limited the collection of information about vou to a
minimum,but which still allows Guardian Escrow, Inc- to provide you with superior services. We request information from
you for legitimate business purposes related to the transactions we are handling for you,and not for the benefit of any part%, not
connected with the transactions.
Disclosures of Information: Guardian Escrow, Inc.. will not release your information to nonaffiliated parties except: I i as
necessary for us to provide the product or service you have requested of Guardian Escrow, Inc.;or 21 as required or permitted
by law. Such information may be used for any internal purpose, such as quality control efforts, audit purposes, to attorneys or
other professionals, customer analysis,or to law enforcement and regulatory agencies, for example, to help us prevent fraud.
Except for such limited situations, without your consent we will not make my disclosures of information to other companies
who may want to sell their products or services to you. For example, Guardian Escrow, Inc.,does not sell customer lists and
we will not sell your name to a catalogue company or telerriarketer, Guardian Escrow, Inc., may provide such nonpublic
personal information listed above to an affiliated company of Guardian Escrow, Inc„ if the affiliate is also involved in the
transaction, Guardian Escrow, Inc., may,however, store such information indefinitely,including the period after which any
customer relationship has ceased.
Former Customers: This Privacy Policy applies to you even if you are no longer a customer of Guardian Escrow, Inc
How We Protect Information.- Guardian Escrow, Inc.. has taken steps to ensure that only authorized parties have access to
your information. We restrict nonpublic personal information about'vou to those individuals who need to know that
m
inforation in order to provide you with services, Guardian Escrow. Inc., will use its best efforts to train and supervise its
employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy,
We currently maintain physical,electronic, and other safieguards to comply with all applicable guidelines to protect your
nonpublic personal information,
Further Information: We reserve the right to change this privacy policy. The exarnpl"� contained within ,his llrivacv PolicY
are illustrations and are no., intended to be exclusive. This notice complies with recently enacted federal law and regulations
regarding privacy. You may have additional rights under other foreign or state laws that may apply to you.
I/We have received and read a copy of this Privacy Policy notification as of the(late below,
Date: Signature. CITY OF REDLANDS, as ratiniclipa-1 corporation
Date: Aujaust 7, 2002 Sianallare:
KARL BAWS,, Mayor
Cnjardwv
iaq Escroipriva( pohcv03 Attest: B
June 1-1),20(u Lorde Poyz e!1,9 y -Clerk
l
Guardian Escrow, ane.
> - - 101 East Redlands Blvd., Smite 180
I Redlands, CA 92373
' (909)793-3147 FAX(909)798-4606
a
NOTICE TO BUYERS AND SELLERS
Property: 1247 Alta Street,Redlands, CA 92374 Escrow No.: 19568-JB
1. THE UNDERSIGNED BUYERS ANIS SELLERS HEREBY ACKNOWLEDGE BEING ADVISED THAT CALIFORNIA
STATE LAW REQUIRES THAT THIS ESCROW NOT CLOSE, NOR DOCUMENTS BE RECORDED, UNTIL ALL
FUNDS REQUIRED OF THE PARTIES (INCLUDING NEW LOAN PROCEEDS) HAVE BEEN COLLECTED, AS
DEFINED BY LAW.
IN ORDER TO MAINTAIN COMPLIANCE, WE SUGGEST THAT THE MOST EFFICIENT METHOD OF DEPOSITING
FUNDS IS TO TRANSFER BY WIRE. CASHIER'S CHECKS DRAWN ON A CALIFORNIA BANK WILL, IN ;MOST
CASES, BE ELIGIBLE FOR "NEXT-DAY"CLOSING.
ANY OTHER CHECK INSTRUMENTS, SUCH AS OFFICIAL CHECKS, BANK CHECKS, ETC., PURSUANT 3'0
DEPARTMENT OF CORPORATIONS GUIDELINES, WILL BE TREATED AS PERSONAL CHECKS AND MUST
BE CLEARED TO THE SATISFACTION OF GUARDIAN ESCROW, INC., WHICH CLEARANCE IS ESTIMATED
TO TAKE FROM 3 TO 5 BUSINESS DAYS.
2. TO MINIMIZE DELAYS IN DOCUMENT RECORDING AND THE CLOSING OF YOUR ESCROW:
a.Whenever the amount of funds required for closing is$100,000,00, or more, the closing funds should be transferred by
wire directly to our bank as follows:
Citv National Bank
S60I East Slauson Avenue
Commerce,CA 90040
Routing Number: 122016066
Account Number:013007691.
FOR DEPOSIT TO GUARDIAN ESCROW, INC,,REDLANDS I-RUST ACCOUNT`
CREDIT TO ESCROW NO. 19568-JB
(MAKE CERTAIN WIRE TRANSFER REFERENCES NAME OF DEPOSITOR)
b_ Whenever the amount of funds required for closing is less than S100,000.00, the closing funds should either be wired to
our account, as above instructed,or deposited to escrow in the form of a California Bank Cashiers Check payable to
Guardian Escrtm, Inc. (Please be reminded that not all bank cheeks are Cashiers Checks).
3. PER DIEM INTEREST WILL BE CHARGED BY SELLER'S LENDER UNTIL,THE DATE LENDER RECEIVES THE.
PAYOFF FUNDS(OR AS OTHERWISE DIRECTED BY LENDER'S DEMAND STATEMENT), PER DIEM INTEREST
WILL BE CHARGED BY THE BUYER'S LENDER FRONI THE DATE THE LENDER FU€NDS THE LOAN.
THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF A COPY OF THE ABOVE NOTICE,
CITY OF REDLANDS, a municipal THE REDLANDS CONSERVANCY, a Cahforni:€
corporationnn^ non-profit corporation
Bvl BV:
KARLif;; ,WS, t,Iavc€r W. ROBERT CLARK, President
Attest:
Lo ie Poyzer; V Cl
rk �ry
i
#'0�'`/*79W, Guardian Escrow, Inc.
Ji
10 1 East Redlands Blvd., Suite 180
Redlands, CA 92373
(909) 793-3147 FAX(909)798-4606
SALE ESCROW INSTRUCTIONS
TO:Guardian Escrow, Inc. Date:July 25,2002
Escrow officer:Jeri Brav,CSEO
Escrow:number:19568-3B
THE REDLANDS CONSERVANCY,a California non-profit corporation, (hereinafter referred to as Buyer) agrees to
purchase from CITY OF REDLANDS,a municipal corporation, (hereinafter referred to as Seller)the real property set forth
herein per the terms, conditions,consideration and instructions hereinafter stated. The Seller and Buyer herein shall deliver
these signed escrow instructions to Guardian Escrow,Inc., (hereinafter known as Escrow Holder).
Terms of Transaction
I will deposit into escrow the sum of $ 5,000.00
1 will execute; Note/Trust Deed to Seller for the sum of S 110J)00.00
To Complete the Total Consideration of $ 15.000.00
Furthermore,ItWe, the undersigned Buyer, will execute and deliver any instruments and/or funds which this escro", requires
of the Buyer to show title as called for, all of which you are instructed to use on or before September 3, 2002, provided you
hold a Policy of Title insurance issued through First American Title Company(the title company selected by the parties),
with the usual title compatty's exceptions, with a liability of not less than$15,000.00,covering property in the County of San
Bernardino, State of California, described as follows:
Lot 27 of ROSS AND RAUSCH ADDITION, in the City.of Redlands. County of San Bernardino, State of California,
as per map recorded in Book 15,Page 38, of Maps, in the Office of the Comity Recorder of said county.
COMMONLY KNOWN AS: 1247 Alta Street, Redlands,CA 92374
ASSESSOR PARCEL NUMBER(S;
Guardian Escrow, Inc. Date:July 25,2002
Escrow No.: 19568-JB
(c)Deliver the original Deed of Trust to the Seller at close of escrow, recorded with other documents in this escro'.v,
ESCROW INSTRUCTIONS
I. Escrow is not to be concerned with any fire or other hazard insurance covering subject property.
2. Endorse interest on the new encumbrance note to accrue from Date Close of Escrow.
3. Grant Deed to Recite: "Provided; however, that fee title to the Property shall automatically revert to Grantor if the
Improvements required to be constructed pursuant to the Purchase and Sale and Escrow Agreement between Grantor and
Grantee dated June 18, 2002, are not completely constructed in accordance with the terms of that Agreement."
ESCROW HOLDER IS RELIEVED OF ALL RESPONSIBILITY AND LIABILITY AS TO THE VALIDITY,
SUFFICIENCY,REGULARITY AND ENFORCEABILITY OF THE DEED RECITAL PROVIDED FOR HEREINABOVE,
WHICH RECITAL HAS BEEN FURNISHED BY THE PARTIES. Buyer and Seller acknowledge being advised by Escrow
Holder,and hereby approve,that the policy(ies)of title insurance to be issued by First American Title Insurance Company in
conjunction with this escrow will contain exception as to the terms and conditions of the Seller's Grant Deed.
4. A copy of the Grant Deed to be executed by the Seller for use in this escrow is attached hereto as Exhibit "C"; which
document is approved by the parties as to content and form.
5. The undersigned Buyer and Seller acknowledge having received, read and approved a copy of the preliminary
v report issued
by First American Title Company in its Order No. 593337, dated as of July 10,2002, covering the subject property. Current
Taxes and Exception Items 1, 2 and 3 , as set forth in the report, are specifically approved to remain of record and may show
in the policy of title insurance to be issued in conjunction with this escrow.
6. Buyer will hand you its corporate resolution authorizing this transaction and the terms and conditions set forth herein:
which resolution shall also provide for President W. Robert Clark signing alone for the corporation.
7. As a matter of clarification: W. Robert Clark, President of the Redlands Conservancy,a California non-profit corporation,
is one and the same person as Robert Clark and Bob Clark.
8 In the event Buyer or Seller utilize "facsimile" transmitted signed documents(via Panafax,Telefax. Nefax, etc.), Buyer and
Seller hereby agree to accept same and instruct you as escrow holder to rely upon such documents as if they bore oriental
signatures. Buyer and Seller hereby acknowledge and agree to provide to yon, within 72 hours of lransnuish)rl, rov such
documents hearing the original signature,,. Buyer and Seller further acknowledge and agree that any promissory note,
document required by a third party in conjunction with this escrow,plivnient order, or document in this escrow which is to be
recorded in an office of the County Recorder, must be the original of such document, bear original sigirature(s)and be
deposited with escrow holder prior to close of this escrow,
AS A MEMORANDUM ONE i% WITH WHICH ESCROW HOLDER IS NOT TO BE CONCERNED, IT IS
UNDERSTOOD BETWEEN THE 111ARTIESTHATTHESE INSTRUCTIONS ARE ENTERED INTO BY THEM IN
ORDER TO ENABLE ESCROIV HOLDER TO PROCESS AND CLOSE THIS ESCROW, BUT ARE IN No tN'AV
INTENDED TO CANCEL OR SUPERSEDE THAT CERTAIN AG REENIENT FOR PURCHASE AND SALF, DATEID
JUNE 18, 2002, ENTERED INTO AND EXECUTED BY THE UNDERSIGNED oursiDE,AND PRIOR TO
OPENING,OF-THIS ESCROW,
ADDITIONAL ESCROW INSTRUCTIONS
1. All funds received in this escrow ',hall be deposued with a State or National hank with other escrow funds. Make
disbursements by your cheek; not presented for payinerit within six months after date are subject to service Charces litaccordance with your schedule in effect from ti=ne to firne- Make all adjustment', and pro-rations on the basis of a 10-da%
month. 'Close of Escrow" is the date instTLITnents, are recorded, All documents and funds due the respective parfieshercin are
Ott be mailed to the addresses set oil'below their respective signatures unless other-wise instructed. Our sianalure,� oil an",
documents and instructions pertaining to this escrow indicate out-unconditional approval of same. Whenever 111`0111isioil is madc
he rein for the payment of ariv sunt,the delivery of ariv instrument or the performance of any act "Outside of escrow", ,oti a�,
escrow holder shall have no responsibility therefor and shall not be concerned therewith. DocumentarvTransfeiTax is I to be
computed on full value of property conveyed(or full value less reirrairung encumbrances, if applicable) and will be paid
Seller'Gramor. unless otherwise stated.
ADDITIONAL INSTRUCTIONS Al-FAC1111)11ERFT0 ANDNIADE A PART HERFOF
MY initials below represent inc agreement and acknowletivnent OffhefitregoinZ,
Guardian Escrow, Inc. Date:July 25,2002
Escrow No,: 19568-JB
2, The parties to this escrow are made aware that escrow holder has no obligation to verift, signatures of any of fite parties
involved.
3. You shall not be responsible for the following: (1)the sufficiencv or correctness as to form, manner of execution or
validity of any documents deposited in this escrow; (2)the identity, authority, or right of any person executing,
P the same,
either as to documents of record or those handled in the escrow; or(3)the failure of any party to comply with anv of the
provisions of any agreement,contract or other instrument filed or deposited in this escrow or referred to in those escrow
instructions. Your duties shall be limited to the safekeeping of money and documents received by you as escrow holder and for
the disposition in compliance with the written instructions accepted by you in this escrow. You shall not be required to take
any action regarding the collection, maturity, or apparent outlaw of any obligations deposited with you unless otherwise
instructed in writing. Your liability as escrow holder shall be confined to the things specifically provided for in my written
instructions in this escrow.
4. Where the assignment of any insurance policy from Seller/Grantor to Buyer/Grantee is concerned, Seller/Grantor
guarantees to you any insurance policy handed you in this escrow is policy in force, the policy has not been hypothecated and
that all necessary premiums have been paid. You are authorized to execute on behalf of the parties assignments of interest in
In
any insurance policy(other than title insurance policies)called for in this escrow,you are authorized to transmit for assignment
any insurance policy to the insurance agent requesting that the insurer consent to such assignment, to request that a loss payee
clause or such other endorsements as may be required be issued, and to forward such policy to the lenders and entitled parties.
You shall not be responsible for verifying the acceptance of the request for assignment and policy of insurance by the insurance
company. The parties mutually agree that you will make no attempt to verify the receipt of the request for assignment by the
issuing insurance company. All parties are placed on notice that if the insurance company should fail to receive the
assignment, the issuing company may deny coverage for any loss suffered by Buyer. It is the obligation of the insured or the
insured's representative to verify the issuing company's acceptance of the assignment of the policy.
.5. You are not to be held responsible in any way whatsoever for any personal property tax which may be assessed against any
former or present owner of the subject property described in these escrow instructions,nor for the corporation or license tax of
any corporation as a former or present owner.
6. If it is necessary, proper or convenient for the consummation of this escrow, you are authorized to deposit or have
deposited funds or documents, or both, handed you under these escrow instructions with anv duly authorized sub-escrow agent,
including.but not limited to, any bank, trust company, title insurance company, title company, savings and loan association,
or licensed escrow agent,subject to your order at or before close of escrow in connection with closing this escrow. Pow such
deposit shall be deemed a deposit under the meaning of these escrow instructions.
i. The parties to this escrow have satisfied themselves outside of escrow that the transaction covered by this escrow is not in
violation of the Subdivision Map Act or ativ law regulation land division, zoning ordinances or building restrictions which InaN
affect the land or improvements that are the subject of this escrow. You, as escrow holder, are relieved of all responsibility
and liability in connection with such laws, ordinances, restrictions or regulations and are not to be concerned with ani of their
enforcement.
S. If any form of Purchase Agreement or amendment or supplement(COIlCCliN'eIV "purchase Agreement') is deposited in this
escrow, it is understood that such document shall be effective only as between the parties signing the Purchase Agreement
You, as escrow holder. are not to be concerned with the tenw-,of any Purchase Agreement and ire relieved ofallresponsibila%
for the enforcement of its terms. )'Our MIN duty i- to COulptV With the instructions,set forth in the escrow instructions. You
are not responsible for interpreting or acting on any provision of anv Purchase Aerceinent.on which these escnm instnwtion�
nnav be based, and you shall not rely on an% knowledge or understanding you inav have of ariv such I1urhjc AcrCC111Cut in
ascertaining or performing'your duties as escrow holder. In connection with any
y loan transaction. you are authorized to klel;�,er
A Copy of any Purchase Agreement,supplement or amendment deposited with vou, to the tender. You -,IrC Mlffi(lriMl a11i!
instructed to furnish to any broker or lender identified will) this transaction_or anyone acting on behalf of such tender, anv
iniorniation concerning this escrow,copies ref all instructions, amendments and statements upon request-
9. You shall make no physical unspection of the real prop rtsr or Personal Property described in any instruments deposited in.
or--%;'.rich is the subiect o! this cscrokt. You lim e TuIlde no representations or warranties concerning any such real propertk w
personal property and are not to be concerned will,, nor liable to.,the condition of real property or personal properi\.
10, The parties authorize the recordation of an,N, delivered throioah this escrow if necessary o,- proper for th<,:
istivance of the required pohCV of,title insUrance or for the closing of this escrow. Funds, instructions or in,
strulnclil, ,eceiC,vd
il: this escrow mit'be delivered to, or deposited wuh, an,,,title insurance company or fill,-,company to comply with the terill"
;gid conditions of this escrow,
I I- If tire date by%Oiich anv pLi-forniances are due shall he other than voto reaular business day, such
shall be due on%_ojuL ucX[ succeeding business
111HU"10 AND MADE A PART HEREOF
IfY inifials below represent my agreement and acknovledf...........
Guardian Escrow, Inc. Date:July 25,2002
Escrow No.: 19568-JB
12. You shall conduct no lien or title search of personal property regarding the sale or transfer of any personal property
through this escrow. Should the parties desire that you conduct a lien or title search of personal property, the parties
requesting the same shall deliver separate and specific written escrow instructions to you along with an agreement to pay your
additional escrow fees.
13. You shall not be responsible in any way whatsoever nor are you to be concerned with any question of usury in any loan or
encumbrance,whether new or of record,which may arise during the processing of this escrow.
14.The parties agree to deliver to you all documents, instruments,escrow instructions and funds required to process and close
this escrow in accordance with its terms.
15. You are instructed to provide title to the subject real property in the condition identified in the escrow instructions by the
parties,which title condition shall be evidenced by that shown in the policy of title insurance secured from the title company
selected by the par-ties, on which you may rely. You are not responsible for the contents or accuracy of any beneficiary
demands and/or beneficiary statements delivered to you by the existing lienholders.
You are not to be responsible in any way whatsoever nor to be concerned with the terms of any new loan or the content of any
loan documents obtained by any party in connection with this escrow except to order such loan documents into the escrow file,
transmit the loan documents to Buyer for execution and transmit the executed loan documents to lender. The parties
understand and agree that you are not involved not concerned with the approval and/or processing of any loan or the contents
and effect of loan documents prepared by a lender.
16. Any pro-ration of rentals is to be based on rental statement handed you by the Seller/Grantor. You are to consider that
Seller/Grantor will collect all rents which fall due prior to the close of escrow, unless he instructs you in writing to the
contrary. No adjustment against the Buyer/Grantee on uncollected rents is to be made. Any pro-ration of taxes is to be based
on latest tax statement available. You are not responsible for any personal property tax and/or supplemental taxes which may
be assessed to the Seller/Grantor or any former owner of the property described herein,nor for the corporation or license tax of
any corporation as former owner. If this escrow provides for the transfer of water stock at close of escrow, unless otherwise
stated herein, all encumbrance holders at close of escrow shall be named as pledgee, as their interests appear, and said stock,
upon reissue after close of escrow, is to be delivered to the first pledgee, and if no pledgee to the new record owner,
17. The parties expressly indemnify and hold you harmless against third-party claims for any fees,costs or expenses where you
have acted in good faith, with reasonable care and prudence and/or in compliance with these escrow instructions,
M The Federal Tax Reform Act of 1986, as amended,and the California Revenue&Taxation Code, require certain
transactions to be reported to the Internal Revenue Service and the California State Franchise Tax Board, In those transactions
Seller will furnish a correct tax identification number to you so you can report this transaction as required by law. Seller
understands that Seller may be subject to civil or criminal penalties for failure to do so. If requested, you are authorized to
furnish the Buyer with it copy of Seller's complete(]State of California Franchise Tax Board Withholding Exemption
Certificate and Nonresident Waiver Request for Real Estate Sales Form 5971-W, or other applicable State of California
Franchise Tax Board Withholding Execmion Certificate furnished by Seller.
19, The parties agree that you have the responsibilities of an Escrow Holder only
v and there are no other legal relationships
,,
established in the termand conditions of the escrow instructions. In connection with this escrow: (1)you shall have 110 duty
or responsibility of notibling any of the parties to this escrow of any sale, resale, loan,exchange or other transaction invokinti
any of the subject real property or personal property: (2)you shall have no responsibility or duty to disclose any benefit.
including, but not limited to financial gain, realized b% any person, firm or corporation involving any of the subiect real
property or personal property: and(3)you shall have no responsibilriv or diuv to disclose any profit realized by aw, pe rron'
firm or corporation including, but not limited to, any real estate broker, real estate sales agent andlor a party to any other
escrow, in connection therewith, although such other transaction may be handled by you in this escrow or it, another escrow
transaction. If. limiever, vou are instructed ill writing by tiny party, Lender or other entitled person to disclose any s.'dc,
resale, loan, exchanee or other transaction involving any of the subiect real property or personal property or any- profit
it
realized by any person, firm or corporation to any party to this escrow. you shall do so without incurring any liability to fist,
party. You shall not be liable for any of yout acts or omissions clone in good faith nor for any claims, dcrn�ancls, los"CS or
damages made or sullered by an party To this escrow, excepting such as nia,, arise through or be caused by vour wiliful
neglect or gross misconduct,
20. Parties acknowledge that pursuant to the California Revenue&Taxation Code a Change of Ownership Report is required
by the county recorder tel tie completed arid affixed to any docunients subrnioed for recording which evidence 11 conve%lauce =_i11.
title_ The Change(if Ownership Reports shall be furnished bv you to the applicable parties for completion and ex'ecution,
Parties are aware that it forms are not completed in full, sib;ncd and returned to you prior to closing,penalties will be
assessed by the county recorder. If any Change of Ownership Report is not filed after the close of escrow within the linic, limits
set forth by the county recorder, or the report is rejected by ill,, county recorder for any reason, severe penalties wilt he
assessed. Escrow holder's responsibility with regard to the Pieliminary Change of Ownership Reporbso is lit1 ine 1 to it
delivery of sarne, as deposited by the parties, to the title cornpatir,named in this escrow.
ADDITIONAL INSTRUVI]ON'S AITACIIED 11FRETOAND MADE A PART 11FRLOF
11v initials below reliresent my agreement and a]theforegoing_
Guardian Escrow, Inc. Date:July 25,2002
Escrow No.: 19568,JB
For information and assistance in completing the Change of Ownership form, Buyer may contact the County Recorder and
Assessors offices in the county in which the subject property is located.
21. The parties shall cooperate with you in carrying out the escrow instructions they deposit with you and C0111PICting this
escrow. The parties shall deposit into escrow, upon request, any additional funds, instruments, documents, instructions,
authorizations,or other items that are necessary to enable you to comply with demands made on you by third parties, to secure
policies of title insurance, or to otherwise carry out the terms of their instructions and close this escrow. Should you, before or
after close of escrow, receive or become aware of any conflicting demands or claims with respect to this escrow or the rights of
any of the parties hereto,or any money or property deposited herein or affected hereby,you shall have the right to discontinue
any or all further acts on your part until such conflict is resolved to your satisfaction,and you shall have the further right to
commence or defend any actions or proceedings for the determination of such conflict. The parties hereto-jointly and severally
agree to pay all costs, damages,judgments and expenses, including reasonable attorneys' fees suffered or incurred by you,
arising out of,connected with,or incidental to this escrow, including but without limiting the generality of the foregoing, a
suit in interpleader brought by you. In the event you file a suit in interpleader, you shall ipso facto be fully released and
discharged from all obligations further to perform any and all duties imposed upon you in this escrow.
In consideration of your undertaking to act hereunder, I agree to pay, when called upon by you so to do, for all services
performed for me, together with all charges, expenses, and costs incurred or paid for me by you as customarily allocated,
unless the Escrow Instructions set forth hereinabove provide to the contrary. All of the parties to this escrow, jointly and
severally,promise to pay promptly on demand, as well as to indemnity you and to hold you harmless from and against all
administrative governmental investigations, audit and legal fees, litigation and interpleader costs, damages, judgments,
attorneys' fees, arbitration costs and fees, expenses, obligations and liabilities of every kind (collectively "costs") which in
good faith you may incur or suffer in connection with or arising out of this escrow, whether said costs arise during the
performance of or subsequent to this escrow, directly or indirectly, and whether at trial,or on appeal,in administrative action,
or in an arbitration. You are given a lien upon all the rights, titles and interests of the parties and all escrow papers and other
property and monies deposited into this escrow to protect your rights and to indemnify and reimburse you. You may deduct
from my net proceeds any amount I may owe you in any other matter. If the parties do not pay any fees, costs or expenses due
you under the escrow instructions or do not pay for costs and attorneys' fees incurred in any liti.gation, administrative action
and/or arbitration, on demand, they each agree to pay a reasonable fee for any attorney services which inav be required to
collect such fees or expenses, whether attorneys' fees are incurred before trial at trial,
on appeal or in arbitration.
'L All notices,demands and instructions must be in writing. No notice, demand, instruction, amendment, supplement or
modification of these escrow instructions shall be of my effect in this escrow until delivered in -writing 10 VOU and inutualk
executed by all parties. All escrow instructions may he executed in counterparts, each of which shall be deemed all original
regardless of the date of its execution and delivery. All such counterparts together shall constitute the same document.
The parties acknowledge and understand that you, as escrow holder, are not authorized to practice the law nor (to you eive
financial advice. The parties are advised to seek legal and Financial counsel and advice concerning the effect of these escrow
instructions. The parties acknowledge that no representations are made by you about the legal sufficiency, legal consequence-,
financial effects or tax consequences of the escrow instructions.
Notwithstanding arry other provisions in these escrow instructions and in addition to other fees and costs to which volt may
be entitled, the parties,jointly and severaliv, agrec,that if this escrow is nor -ire date
consumniated within ninety(9u)day's (it t
se, for closing,you are instructed to, and Without further instructions, Withhold VOUr escrow hold open fee'tit' $50.00 per-
trionth from the funds oil deposit with you regardless of who deposited such funds*. The parties,jointly and severalb., furthei-
a,-,ree that if you are, for all\ reason, required to he funds after close of escrow, you are, instructed to, anal withoutl-
l fUrth-
instructions, withhold ,in escrow fee of S50,00 per month front the funds on deposit with you regardless of who deposited such
funds. The parties irrevocably instruct you to automaticalb, cancel this file without further instructions when all funds on
deposit have been disbursed.
24'. If the conditions of[his escrow have not been complied with prior to the expiration of time provided for herein, or aw%
extension thereof'. you are nevertheless to complete the escrow as soon as the conditions,except as to time, have been contpoeo
with, unless written demand shall have been rilade upon You not to complete it, Your escrow-holder agency shall terminate six
(6)months following tile date last set for close of escrow and shall be subject to earlier termination by receipt by VOLI of
unflually executed cancellation instructions, If this escrow has not closed or cancelled within the prescribed six-niontil, period,
you shall have no further obligations as cscrow holder except tri disburse funds and documents pursuant to writtcl-, escrov,
instructions or to interpieaci ol-otherwise dispose of funds and documents in accordance with a validly issued<uld validk served
order from a court of competent jurisdiction.
1-N"'RUCTION'S ATt'ACHI'D 11FIMTO ANI)MAIW A PZXRI'IIEREOF
11V initials belo",represent mi,agreement and acknowleelt--y f,1—
Guardian Escrow, Inc. Date:July 25,2002
Escrow No,: 19568-JB
The parties,jointly and severally, agree that if this escrow cancels or is otherwise terminated and not closed, the parties shall
pay for any costs and expenses which you have incurred or have become obligated for under these escrow instructions,
including,but not limited to, attorneys` fees,arbitration fees and costs and reasonable escrow fees for the services rendered by
you; the parties agree that such costs and expenses shall be paid and deposited in escrow before any cancellation or other
termination of this escrow is effective. The parties agree that said charges for expenses, costs and fees may be apportioned
between Buyer and Seller in a manner which, in your sole discretion,you consider equitable,and that your decision will be
binding and conclusive upon the parties. Upon receipt of mutual cancellation instructions or a final order or judgment of a
court of competent jurisdiction with accompanying writs of execution,levies or garnishments,you are instructed to disburse
the escrow funds and instruments in accordance with such cancellation instruction,order or judgement and accompanying writ
and this escrow shall. without further notice, be considered terminated and cancelled,
25. If any check submitted to you is dishonored upon presentment for payment, you are authorized to notify all parties to the
within escrow,their respective real estate brokers/agents and any other person or entity you deem, in your sole discretion,
necessary to notify.
26. The parties agree to release you from any and all liability of any kind or nature and to indemnify you from any loss,
damages,claims,judgments or costs of any kind or nature resulting from or related to the release or discharge of hazardous or
toxic wastes on the subject property whether it occurred in the past or present or may occur in the future which release or
discharge is in violation of law, in excess of any state and federal standards, permit requirements and/or disclosure
requirements existing at this time or which may exist at a future time. The parties represent that they made their own
assessment of the condition of the subject property and have not relied on any of your representations in making the
assessment. The parties are advised to seek independent legal and technical environmental expert advice in assessing the risks
associated with potential hazardous or toxic wastes.
217. All parties to this escrow understand and agree that the title company named in these escrow instructions has been selected
by the parties. All parties understand and agree Guardian Escrow, Inc. assumes no responsibility for any loss or delay
encountered in the delivery of the loan funds to escrow holder, nor with the payoff of any existing loans and encumbrances, btu
the said title company; Guardian Escrow, Inc., is hereby held to be harmless as to any such loss or delay,
28. All parties acknowledge being advised that Jeri Bray: (1) is an escrow officer and the general manager of Guardian
Escrow, Inc.. and(2)is an officer and stockholder of Guardian Escrow, Inc., and Inland Brookside Services, Inc., each
California corporations,
29. In these escrow instructions, wherever the context so requires, the masculine gender includes the feminine and/or neuter
and the singular number includes the plural,
30. The legal descriptions(s), street address(es), if any, and assessor parcel nurnber(s) set forth in this escrow have been
furnished by the Seller/Grantor and approved by the Buyer/Grantee,on which you may rely,
3I. You are authorized to destroy or otherwise dispose of any and all documents, papers escrow instrucdons, correspondence
and records or other material constituting or pertaining to this escrow=at any time after five(51 years
front the date of: (I I the
close of escrow: Q)the date of cancellation: or(3)the date of the last activitv: all without liability and without further notice
to the parties.
ADDITIONAL INSTRUCTIONS ATTACHED HERETO AM)MADE,A PART 11FRFOF
MV initials beh"i,represent my agreement and acknomledgntent ofthe foregoil1g.
Guardian Escroxv, Inc. Date:July 25,2002
Escrow No-, 19568-JB
PRORATE AND/OR ADJUST THE FOLLOWING AS OF DATE OF CLOSE OF ESCROW:
Real Property Taxes for the fiscal year using as a basis for said prorations the latest tax figures available as disclosed by the
title company's preliminary report and subsequent verification of same with the title company at close of escrow.
PARTIES ARE AWARE THAT DUE TO PROVISIONS OF PROPOSITION 13 AND SENATE BILL 813 (1983), STATE
OF CALIFORNIA, THERE MAY BE SUPPLEMENTAL TAX BILLS IN THE PROCESS OF BEING ISSUED DUE TO
ANY RECENT CONSTRUCTION OR CONVEYANCE OF SUBJECT PROPERTY,AND IN ALL PROBABILITY THERE
WILL BE SUPPLEMENTAL BILL(S)DUE TO THE CONVEYANCE(S)IN THIS ESCROW. ESCROW HOLDER
CANNOT ASCERTAIN AND WILL NOT BE CONCERNED WITH ANY SUCH MATTERS IN THE PROBATIONS TO
BE MADE HEREIN.
GUARDIAN ESCROW,INC.,A CALIFORNIA CORPORATION IS LICENSED AS AN ESCROW AGENT BY THE
DEPARTNIENT OF CORPORATIONS OF THE STATE OF CALIFORNIA.
ALL PARTIES TO THIS TRANSACTION,JOINTLY AND SEVERALLY, ACKNOWLEDGE RECEIPT OF A
COMPLETE COPY OF THE WITHIN ESCROW INSTRUCTIONS AND BY OUR SIGNATURES SET FORTH
BELOW,ACKNOWLEDGE THAT WE HAVE READ,UNDERSTAND AND AGREE TO BE BOUND BY THE
TERMS AND CONDITIONS CONTAINED HEREIN,IN THEIR ENTIRETY.
Buyer's Signature:
THE REDLANDS CONSERVANCY, a California
non-profit corporation
Bv:
W.ROBERT CLARK, President
Address: Attn: Bob Clark, President, P. O. Box 855 Redlands, CA 92373
The foregoing terjus,provisions, conditions and instructions are hereby approved and accepted in their entirety and concurred
in by me. I will hand yon necessary documents called for on my part to cause title to be shown as set out herein, which you
are authorized to deliver when you hold or have caused to be applied to funds set forth herein within the time as herein
provided. You are authorized to pay on niv behalf, my recording fees, charges for evidence of title as called for whether or not
this escrow is consummated,except those the buyer agreed to pay. You are hereby authorized to pay bonds, assessments,
taxes,and any liens of record, including prepayment penalties, if any, to show title as called for.
Seller's Signatures:
CITY OF REDLANDS, a municipal
corporation
By:_CA- kL
ATTEST:
LorrWPoyzer, Cin,, Iiirk
Address: NTTN: Nlarjic Pettus, P. 0. Box 3005 Redlands, CA 92373
-- END OF INSTRUCTIONS--
GUARDIAN ESCROW, INC.
ESCROW NO. 19568-JB
EXHIBIT "A" (Consisting of 4 Pages)
Order No.
Escrow No.
Loan No.
WHEN RECORDED MAIL TO:
City Clerk
City of Redlands
P. 0. Box 3005
Redlands, CA 92373
SPACE ABOVE THIS LINE FOR RECORDER'S USE
DEED OF TRUST WITH ASSIGNMENT OF RENTS
(SHORT FORM)
This DEED OF TRUST, made June 18, 2002 between
THE REDLANDS CONSERVANCY, a California non-profit corporation herein called TRUSTOR,
whose address is P. 0. Box 855, Redlands, CA 92373
(Number and Street) (City) (State)
FIRST AMERICAN TITLE INSURANCE COMPANY a California corporation, herein called TRUSTEE, and
CITY OF REDLANDS, a municipal corporation
, herein called BENEFICIARY
WITNESSETH: That Trustor grants to Trustee in trust, with power of sale, that property in the
Cita of Redlands County of San Bernardino , State of California, described as:
1,ot 27 of ROSS AND RAUSCH ADDITION, in the City of Redlands, County of San Bernardino,
State of California, as per map recorded in Book 15, Page 38, of Maps, in the Office
of the Recorder of said county.
tooether with the rents,issues and profits thereof,subject,however,to the right,power and authority hereinafter given to and
conferred upon Beneficiary to collect and apply such rents, issues and profits for the purpose of securing (1)payment of the
'UM of$ 10,000.00 with interest thereon according to the terms of a promissory note or notes
of even date herewith made by Trustor. payable to order of Beneficiary, and extensions or renewals thereof, (2) the
performance of each agreement of Trustor incorporated by reference or contained herein and(3)payment of additional sums
and interest thereon which may hereafter be loaned to Trustor,or his successors or assigns,when evidenced by a promissory
note or notes reciting that they are secured by this Deed of Trust.
To protect the security of this Deed of Trust,and with respect to the property above described,Trustor expressly makes each
and all of the agreements,and adopts and agrees to perform and be bound by each and all of the terms and provisions set
I
mr1h in subdivision A,and it is mutually agreed that each and all of the terms and provisions set forth in subdivision B of the
fictitious deed of trust recorded in Orange County August 17, 1964, and in all other counties August 18, 1964, in the book
(continued on reverse side) 1158(11941
Pace I of 4
and at the page of Official Records in the office of the county recorder of the county where said property is located, noted
below opposite the name of such county, namely:
COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK PAGE COUNTY BOOK PAGE
Alameda 1288 556 Kings 858 713 Placer 1028 379 Sierra 38 187
Alpine 3 130.31 Lake 437 110 Plumes 166 1307 Siskiyou 506 762
Amador 133 438 Lassen 192 367 Riverside 3778 347 Soriano 1287 621
Butte 1330 513 Los Angeles T-3878 874 Sacramento 5039 124 Sonoma 2067 427
Calaveras 185 338 Madera 911 136 San Benito 300 405 Stanislaus 1970 56
Colusa 323 391 Marin 1849 122 San Bernardino 6213 768 Sutter 655 585
Contra Costa 4684 1 Mariposa 90 453 San Francisco A4804 596 Tehama 457 183
Del Norte 101 549 Mendocino 667 99 San Joaquin 2855 283 Trinity 108 595
El Dorado 704 635 Merced 1660 753 San Luis Obispo 1311 137 Tulare 2530 108
Fresno 5052 623 Modoc 191 93 San Mateo 4778 175 Tuolumne 177 160
Glenn 469 76 Mono 69 302 Santa Barbara 2065 881 Ventura 2607 237
Humboldt 801 83 Monterey 357 239 Santa Clara 6626 664 Yolo 769 16
Imperial 1189 701 Napa 704 742 Santa Cruz 1638 607 Yuba 398 693
inyo 165 672 Nevada 363 94 Shasta 800 633
Kern 3756 690 Orange 7182 18 San Diego SERIES 5 Book 1964,Page 149774
shall inure to and bind the parties hereto,with respect to the property above described.Said agreements,terms and provisions
contained in said subdivisions A and B, (identical in all counties, and printed on pages 3 and 4 hereof) are by the within
reference thereto, incorporated herein and made a part of this Deed of Trust for all purposes as fully as if set forth at length
herein,and Beneficiary may charge for a statement regarding the obligation secured hereby,provided the charge therefor does
not exceed the maximum allowed by law.
The undersigned Trustor, requests that a copy of any notice of default and any notice of sale hereunder be mailed to him at
his address hereinbefore set forth.
STATE OF CALIFORNIA } Signature of Trustor
)ss.
COUNTY of THE REDLM4DS CONSERVANCY,
)
O,, before me, a California non--profit corporation
personally appeared By
W. ROBERT CLARK, President
t,ersonally known to me for proved to me on the basis of satisfactory evidence)
to be the person(s)whose namets)is/are subscribed to the within instrument
and acknowledged to me that he/sheithey executed the same in histherAheir
authorized capacity{les),and that by hisrherttheir signature(s)on the instru-
ment the person(s)or the entity upon behalf of which the person(s) acted,
executed the instrument
WITNESS my hand and official seal.
Signature
(This area far offwjal nrtaria#seal)
(continued on next page)
Pace 2 of 4
DO NOT RECORD
The following is a copy of Subdivisions A and B of the fictitious Deed of Trust recorded in each county in California as stated in the foregoing
Deed of Trust and incorporated by reference in said Deed of Trust as being a part thereof as if set forth at length therein,
A. To protect the security of this Deed of Trust,Trustor agrees:
(1) To keep said property in good condition and repair:not to remove or demolish any building thereon;to complete or restore promptly
and in good and workmanlike manner any building which may be constructed,damaged or destroyed thereon and to pay when due all claims
for tabor performed and materials furnished therefor; to comply with all laws affecting said property or requiring any alterations or
improvements to be made thereon,not to commit or permit waste thereof;not to commit,suffer or permit any act upon said property in
violation of law;to cultivate,irrigate,fertilize,fumigate,prune and do all other acts which from the character or use of said property may
be reasonably necessary,the specific enumerations herein not excluding the general,
(2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary.The amount
collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order
as Beneficiary may determine,or at option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor.
Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such
notice,
(3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary
or Trustee;and to pay all costs and expenses,including cost of evidence of title and attorney's fees in a reasonable sum,in any such action
or proceeding in which Beneficiary or Trustee may appear,and in any suit brought by Beneficiary to foreclose this Deed.
(4) To pay: at least ten days before delinquency all taxes and assessments affecting said property, including assessments on
appurtenant water stock;when due,all encumbrances,charges and liens,with interest,on said property or any part thereof,which appear
to be prior or superior hereto; all costs,fees and expenses of this Trust.
Should Trustor fail to make any payment or to do any act as herein provided,then Beneficiary or Trustee,but without obligation so
to do and without notice to or demand upon Truster and without releasing Truster from any obligation hereof,may:make or do the same
in such manner and to such extent as either may deem necessary to protect the security hereof,Beneficiary or Trustee being authorized
to enter upon said property for such purposes:appear in and defend any action or proceeding purporting to affect the security hereof or
the rights or powers of Beneficiary or Trustee:pay,purchase,contest or compromise any encumbrance,charge or lien which in the judgment
of either appears to be prior or superior hereto;and,in exercising any such powers, pay necessary expenses, employ counsel and pay
his reasonable fees.
(5) To pay immediately and without demand all sums so expended by Beneficiary or Trustee,with interest from date of expenditure
at the amount allowed by law in effect at the date hereof,and to pay for any statement provided for by law in effect at the date hereof regarding
the obligation secured hereby any amount demanded by the Beneficiary not to exceed the maximum allowed by law at the time when said
statement is demanded.
B. It is mutually agreed:
0 1 That any award of damages in connection with any condemnation for public use of or injury to said property or any part thereof
is hereby assigned and shall be paid to Beneficiary who may apply or release such monies received by him in the same manner and with
the same effect as above provided for disposition of proceeds of fire or other insurance.
(2) That by accepting payment of any sum secured hereby after its due date,Beneficiary does not waive his right either to require
prompt payment when due of all other sums so secured or to declare default for failure so to pay.
(31 That at any time or from time to time, without liability therefor and without notice, upon written request of Beneficiary and
DresentaVon of this Deed and said note for endorsement, and without affecting the personal liability of any person for payment of the
indebtedness secured hereby,Trustee may:reconvey any part of said property;consent to the making of any map or plat thereof;join in
granting any easement thereon: or join in any extension agreement or any agreement subordinating the lien or charge hereof.
(4) That upon written request of Beneficiary stating that all sums secured hereby have been paid,and upon surrender of this Deed
at id said note to Trustee for cancellation and retention or other disposition as Trustee in its sole discretion may choose and upon payment
of its fees.Trustee shall reconvey, without warranty,the property then held hereunder.The recitals in such reconveyance of any matters
'acts shall be conclusive proof of the truthfulness thereof.The Grantee in such reconveyance may be described as"the person or persons
leo_ally;entitled therein.
(15) That as additional security, Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during the
continuance of these Trusts,to collect the rents,issues and profits of said property,reserving unto Truster the right,prior to any default by
Tiustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder,to collect and retain such rents,
:slues and profits as they become due and payable.Upon any such default,Beneficiary may at any time without notice,either in person,
by agent,or by a receiver to be appointed by a court,and without regard to the adequacy of any security for the indebtedness hereby secured,
enter upon and take possession of said property or any part thereof,in his own name sue for or otherwise collect such rents,issues,and
profits,including those past due and unpaid,and apply the same,less costs and expenses of operation and collection,including reasonable
attorney's fees, upon any indebtedness secured hereby,and in such order as Beneficiary may determine.The entering upon and taking
possession of said property,the collection of such rents,issues and profits and the application thereof as aforesaid,shall not cure or waive
any default or notice of default hereunder or invalidate any act done pursuant to such notice.
(6) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereunder,
Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration Of default and
demand for sale and of written notice of default and of election to cause to be sold said property,which notice Trustee shall cause to be
filed for record.Beneficiary also shall deposit with Trustee this Deed,said note and all documents evidencing expenditures secured hereby,
After'he lapse of such time as may then be required by law following the recordation Of Said notice of default,and notice of sale having
been given as then required by law.Trustee,without demand on Truster,shall sell said property at the time and place fixed by it in said notice
of sale,either as a whole or in separate parcels,and in such order as it may determine,at public auction to the highest bidder for cash in,
lawful money of the United States, payable at time of sale. Trustee may postpone sale of all or any portion of said property by public
(continued on reverse side) 1158(1194)
Page 3 of 4
announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the
time fixed by the preceding postponement.Trustee shall deliver to such purchaser its deed conveying the property so sold,but without any
Covenant or warranty,express or implied.The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof.
Any person, including Trustor,Trustee,or Beneficiary as hereinafter defined,may purchase at such sale.
After deducting all costs,fees and expenses of Trustee and of this Trust,including cost of evidence of title in connection with sale,
Trustee shall apply the proceeds of sale to payment of:all sums expended under the terms hereof, not then repaid,with accrued Interest
at the amount allowed by law in effect at the date hereof;all other sums then secured hereby;and the remainder,If any,to the person or
persons legally entitled thereto.
(7) Beneficiary,or any successor in ownership of any indebtedness secured hereby,may from time to time,by instrument in writing,
substitute a successor or successors to any Trustee named herein or acting hereunder,which instrument,executed by the Beneficiary and
duly acknow!edged and recorded in the office of the recorder of the county or counties where said property Is situated,shall be conclusive
proof of proper substitution of such successor Trustee or Trustees,who shall,withoutconveyance from the Trustee predecessor,succeed
to all its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary
hereunder,the book and page where this Deed is recorded and the name and address of the new Trustee.
(8) That this Deed applies to, inures to the benefit of,and binds all parties hereto, their heirs, legatees, devisees,administrators,
executors,successors and assigns.The term Beneficiary shall mean the owner and holder,including pledgees,of the note secured hereby,
whether or not named as Beneficiary herein, In this Deed,whenever the context so requires,the masculine gender includes the feminine
and/or neuter, and the singular number includes the plural.
(9) That Trustee accepts this Trust when this Deed,duly executed and acknowledged, is made a public record as provided by law.
Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which
Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee.
DO NOT RECORD REQUEST FOR FULL RECONVEYANCE
TO FIRST AMERICAN TITLE INSURANCE COMPANY,TRUSTEE:
The undersigned is the legal owner and holder of the note or notes,and of all other indebtedness secured by the foregoing Deed of Trust Said note or
tociether with all other indebtedness secured by said Deed of Trust,have been fully paid and satisfied,and you are hereby requested and directed,
or,Payment to you of any sums owing to you under the terms of said Deed of Trust,to cancel said note or notes above mentioned,and all other evidences
of ndebtpones;secured by said Deed of Trust delivered to you herewith,togetherwith the said Deed of Trust,and to reconvey,without warranty,to the parties
desfonateo by the terms of said Deed of Trust,all the estate now held by you under the same,
Dated
Please mail Deed of Trust,
Note and Reconveyance to
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GUARDIAN ESCROW, INC.
ESCROW NO. 19568-JB
EXHIBIT "B" (Consisting of 3 Pages)
PROMISSORY NOTE
$10,000
Principal Amount June 18,2002
Redlands,California
Close of Escrow
THIS NOTE REQUIRES A BALLOON PAYMENT AT MATURITY
FOR VALUE RECEIVED,The Redlands Conservancy, whose address is P.O. Box 855,
Redlands, California 92373, ("Borrower") hereby promises to pay to the order of the CITY OF
REDLANDS,whose address is 35 Cajon Street,Redlands,California,92373("Lender")at Lender's
address or at such other place as the holder thereof may from time to time designate,the principal
amount ofTen Thousand Dollars($10,000.00)together with interest as set forth below on the unpaid
principal amount from time to time outstanding from the date hereof, plus any costs of suit and
attorneys fees incurred by the holder hereof in collecting any amounts due under this Note.
INTEREST
This Note shall bear, and Borrower promises to pay, interest (computed on the basis of a
three hundred sixty five(365)day year but with any interest payment for a partial month based upon
a thirty(30)day month)on the unpaid principal amount from time to time outstanding commencing
on the date that is the date endorsed hereon by Escrow Holder (the "Commencement Date") until
that date when the Note is paid in full at the annual rate of four and seventy three hundredths percent
(473%).
INSTALLMENTS OF INTEREST AND PRINCIPAL
The principal amount and accrued interest thereon under this Note shall be due and payable
as follows:
(a) The outstanding principal balance of the Note and any and all accrued and unpaid
interest thereon shall be due and payable on the date which is twelve (12) months from the
Commencement Date.
PREPAYMENT
Borrower may prepay all or any portion of this Note without penalty at any time. All
payments on this Note, including but not limited to prepayments, shall be credited first to accrued
and unpaid interest and then to the unpaid principal amount. Except as set forth herein,Borrower,
endorsers,and guarantors of this Note hereby severally waive presentment for payment, demand,
CInsmam,e NOf,'j;.
notice of non-payment protest.
EVENTS OF DEFAULT
An "event of default" shall occur if any installment of principal, interest, or both, on the
obligation represented by this Note shall not be paid when and as the same shall become due and
payable, and such default shall have continued for a period of ten(10)days after written notice is
delivered or mailed to Borrower at the last address of Borrower furnished to the holder of this Note
in writing at the place for payment; provided,however,such notice of default need not be given and
an event of default shall exist without any requirement for notice five(5)days after a failure to make
when due any payment as aforesaid if no such address is furnished.
DUE ON SALE PROVISION
Should Borrower agree to or actually sell, convey, transfer or otherwise dispose of the
property located at 1247 Alta Street, Redlands, or any part of it, or any interest in it, without first
obtaining the written consent of the Lender of this Note, then all obligations secured by this Note
may be declared due and payable,at the option of the Lender. Consent to one transaction of this type
shall not constitute a waiver of the right to require consent to future or successive transactions.
REMEDIES
Upon the occurrence of an "event of default" as defined above, the whole of the unpaid
principal amount of this Note and all accrued and unpaid interest shall be immediately due and
payable without further notice to or demand of the Borrower. No remedy herein conferred upon
Lender or any holder of this Note is intended to be exclusive of any other remedy, and each and
every such remedy given hereunder provided in any mortgage,deed of trust or agreement securing
or relating to Borrower's obligations hereunder or are hereafter existing at law or in equity,by statute
or otherwise.
LATE CHARGE
Borrower acknowledges that in the event any payment of any amount required hereby is note
made when due, the Lender will incur additional costs and expenses. The"act amount of these
additional costs and expenses (which include, but are not limited to, processing and accounting
charges as well as loss of use of money due) is difficult and impractical to assess. Therefore,
Borrower acknowledges that the sum of ten percent (10%) of the amount overdue is, under the
circumstances existing at the time this Note is made, a reasonable late charge, and Borrower
promises to pay such late charge when due. Said late charge shall become immediately due ten(10)
days after the giving of notice of such late papilent,
Conservanc,Note wpd 2
GENERAL
No course of dealing between Borrower and Lender or any holder of this Note or any delay
on the part of Lender or any holder of this Note in exercising any rights hereunder shall operate as
a waiver of any right of Lender or any holder of this Note.
This Note shall be construed and enforced in accordance with, and governed by,the laws
of the State of California.
Should there be an event of default under this Note and should this Note be placed in the
hands of attorneys for collection,Borrower shall pay,in addition to the unpaid principal amount and
interest due and payable hereunder,reasonable attorneys'fees,together with all reasonable costs and
expenses of any such action or proceeding,whether or not litigation has commenced.
Borrower shall have no personal liability for any deficiency on this note,and the only remedy
available to Lender shall be foreclosure pursuant to law as provided in the deed of trust securing this
note.
BORROWER:
&z�t
President,The Redlands Conservancy Date
ATTEST:
Secretary,The Redlands Conservancy
ENDORSEMENT BY ESCROW HOLDER:
Date
Vaa4imAgree,mits'Redia,&Cmmancy Not—,pd 3