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HomeMy WebLinkAboutDeeds & Easements-1-75a RDA_CCv0001.pdf err' REDLANDS ESGROK 1NG. � 306 EAST CITRUS AVENUE � REDLANDS, CALIFORNIA , 1 PHONE: 793-2939 i 1_` t„t =..'�St o�. ,.a,�.. ,rj i1�. t7 dl_n(.;:3 � �3 ,k y Ha 11 + 1�G tiara TLr. Mel toF`,. Our row Esc No. no—j - ,.S.i.?17{.,i(i't1„i n c, In connection with the above numbered escrow we enclose the fallowing: ..,.1.x:1.01, lkrie ricin ".1. x) Policy of Title Insurance No. ( ) To hold with your loan ( } Fire Insurance Policies $ ---.---Company, expires - $ __ -----Company, expires $ -------.---Company, expires $� Company, expire t } Water Stock Certificate No.----for -hares of the We thank you for this opportunity to serve you and hope that we may be of further assistance to you and your friends. Very truly yours, REDLANDS ESCROW, INC, y Escrow Officer FORM 120 ,. Form No.1084(10173) 9 California Land Title Association Standard Coverage Policy Form Copyright 1973 � fit_• �^ 1't��. POLICY OF TITLE INSURANCE ISSUED BY First A meriean Title Insurance Company SUBJECT TO SCHEDULE B AND THE CONDITIONS AND STIPULATIONS HEREOF,FIRST AMERICAN TITLE I NSU RANCE COMPANY,a California corporation,herein called the Company,insures the insured,as of Date of Policy shown in Schedule A,against loss or damage, not exceeding the amount of insurance stated in Schedule A,and costs, attorneys'fees and expenses which the Company may become obligated to pay hereunder,sustained or incurred by said insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein: 2. Any defect in or lien or encumbrance on such title; 3. Unmarketability of such title; or 4. Any lack of the ordinary right of an abutting owner for access to at least one physically open street or highway if the land,in fact,abuts upon one or more such streets or highways; and in addition,as to an insured lender only: 5. Invalidity of the lien of the insured mortgage upon said estate or interest except to the extent that such invalidity, or claim thereof, arises out of the transaction evidenced by the insured mortgage and is based upon a. usury,or b. any consumer credit protection or truth in lending law; S. Priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in Schedule B in the order of its priority;or 7. Irwalidity of any assignment of the insured mortgage, provided such assignment is shown in Schedule B. IN WITNESS WHEREOF,First American Title insurance Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. First American Title Insurance Company S(PUMBER 24. 9Y PRESIDENT ren /F(j Rt1�A ATTEST SECRETARY 7 . , . r CONDITIONS AND STIPULATIONS 11401 DEFINITION OF TERMS (iii) the amount paid by any governmental interest or the lien of the insured mortgage, as in- The following terms when used in this policy agency or instrumentality,if such agency or instru- sured, including but riot limited to executing cor- j E mentality is the insured claimant, in acquisition of rective or other documents. can: such estate or interest in satisfaction of its incur- _ (a) "insured the insured named in Schedule once contract or guaranty. 4. PROOF OF LOSS OR DAMAGE and, subject to any rights or defenses the Cowan LIMITATION OF ACTION any may have had against the named insured, (b) CONTINUATION OF INSURANCE ' lose who succeed to the interest of such insured AFTER CONVEYANCE OF TITLE In addition to the notices required under Para- y operation of law as distinguished from purchase The coverage of this policy shall continue in n 3 (b)of thaw Conditions and Stipulationst a icluding,but not limited to,heirs,distributees,de- force as of Date of Policy,in favor of an insured so Proof of loss or damage,signed and sworn o by they Issas, survivors, personal representautives, next of long as such insuredinsured claimant shall be furnished to the Corn, retains an estate or interest in R'111111,"', �, in,or corporate or fiduciary successors. The term the land,or owns an indebtedness secured by a pur- pang within •93 days after the insured claimant 1, " insured"also includes(i)the owner of the indebt- chase money mortgage given by a purchaser from shall ascertain m determine the facts giving rise dato mage ift dness secured by the insured mortgage and each such insured,or so long as such insured shall have such loss or damage. Such proof of loss a damage uccessor in ownership of such indebtedness (re- shall describe the defect in,or lien or encumbrance erving, however, all rights and defenses as to any liability by reason of covenants of warranty made on the title,or other matter insured against by this }€ uch successor who acquires the indebtedness by suchsuch estate or interein st; provided, howsfer or ever, this of policy which constitutes the basis of loss or dam• f )peration of law as described in the first sentenceaw, and, when appropriate, state the basis of policy shall not continue in force in favor of any u( )f this subparagraph (a) that the Company would rave had calculating the amount of such loss or damage. : against the successor's transferor), and se purchaser from such insured e either said estate e a9aFrinterest or the indebtedness secured by a purchase Should such prof of loss or dam fail to i `urther includes (ii) any governmental agency or money mortgage given to such insured. state facts sufficient to enable the Company to instrumentality which is an insurer or guarantor determine its liability hereunder, insured claimant, under an insurance contract or guaranty insuring or 3. DEFENSE AND PROSECUTION OF at the written request of Company, shall furnish guaranteeing said indebtedness,or any part thereof, ACTIONS — NOTICE OF CLAIM TO BE such additional in Demotion as may reasonably be Nhether named as an insured herein or not, and GIVEN BY AN INSURED CLAIMANT necessary to make such determination. , (iii) the parties designated in paragraph 2 (a) of (a) The Company,at its own cost and without these Conditions and Stipulations. No right of action shall accrue to insured undue daisy, shall provide for the defense of an claimant until 30 days after such proof of loss or 0( (b) "insured claimant": an insured claiming insured in litigation to the extent that such litw damage shall have been furnished. loss or damage hereunder. gation involves an alleged defect, lien, encum- (c) "insured lender": the owner of an insured Failure to furnish such proof of toss a dam Branca or other matter insured against by this age I policy. shall terminate any liability of the Company under mortgage. this policy as to such less or damage. (d) "insured mortgage": a mortgage shown in (b) The insured shall notify the Company Schedule B, the owner of which is nerved as arra in- promptly in writing (i) in case of any litigation as 5. OPTIONS TO PAY OR OTHERWISE SETTLE � sured in Schedule A. set forth in (a) above, (ii) in case knowledge shall CLAIMS AND OPTIONS TO PURCHASE IN— ,•i come to an insured hereunder of any claim of title DEBTEDNESS (a) "knowledge": actual knowledge, not con- or interest which is adverse to the title to the estate structive knowledge or notice which may be im- The Company shall have the option to pay or 9e or interest or the lien of the insured mortgage, as { puted to an insured by reason of any public records, insured,and which might cause loss or damage for otherwise settle for or in the Hama of an insured which the Company may be liable by virtue of this claimant any claim insured against, or to termor (f) "land": the land described,specifically or nate all liability and obligations of the Company by reference in Schedule C, and improvements af- policy,or(iii)if title to the estate or interest or the hereunder by paying or tendering payment of the fixed thereto which by law constitute real property,, lien of the insured mortgage,as insured,is rejected amount of .insurance under this policy together provided, however, the term "land" does not in- as unmarketable. if such prompt notice shall not with any costs, attorneys' fees and expenses in- clude any area excluded by Paragraph No. 6 of be given to the Company, then as to such insured carred up to the time of such payment or tender all liability of the Company shall cease and termor Part 1 of Schedule B of this Policy. of payment by the insured claimant and authorized nate in regard to the matter or matters for which by the Company. In case loss or damage is claimed (g) "mortgage": mortgage, deed of trust, such prompt notice is required;provided,however, under this policy by the owner of the indebtedness trust deed, or other security instrument that failure to notify shall in no case prejudice the secured by the insured mortgage,the Company shall (h) "public records": those records which by ruts of any such insured under this policy unless have the further option to purchase such indebted- law import constructive notice of matters relating the Company shall be prejudiced by such failure ness for the amount owing thereon together with p g and then only to the extent of such prejudice. to the land. all costs, attorneys' fees and expanses which the (c) The Company shall have the right at its Company is obligated hereunder to pay. If the 2. (a) CONTINUATION OF INSURANCE own cost to institute and without undue delay Company offers to purchase said indebtedness as AFTER ACQUISITION OF TiTL£ BY prosecute any action or proceeding or to do any herein provided, the owner of such indebtedness INSURED LENDER other act which in its opinion may be necessary or shall transfer and assign said indebtedness and the If this policy insures the owner of the indebt- desirable to establish the title to the estate or inter- mortgage and any collateral securing the same to edness secured by the insured mortgage,this policy est or the lien of the insured mortgage,as insured; the Company upon payment therefor as herein shall continue in force as of Date of Policy in favor and the Company may take any appropriate action, provided. Upon such offer being made by the of such insured who acquires all or any part of the whether or not it shall be liable under the terms of Company,all liability and obligations of the Com- estate or interest in the land described in Schedule this policy, and shall not thereby concede liability parry hereunder to the owner of the indebtedness C by foreclosure, trustee's sale,conveyance in lieu or waive any provision of this policy, secured by said insured mortgage, other than the of foreclosure, or other legal manner which dis- obligation to purchase said indebtedness pursuant charges the lien of the insured mortgage,and if such (d) Whenever the Company shall have brought to this paragraph,we terminated. insured is a corporation,its transferee of the estate any action or interposed a defense as required or or interest so acquired, provided the transferee is permitted by the provisions of this policy, the 6• DETERMINATION AND PAYMENT OF LOSS the parent or wholly owned subsidiary of such in- Company may pursue any such litigation to final (a) The liability of the Company under this sured;and in favor of any governmental agency or determination by a court of competent jurisdiction policy shall in no case exceed the least of: instrumentality which acquires all or any part of the and expressly reserves the right, in its sole discre- (i) the actual loss of the insured claimant; estate or interest pursuant to a contract of insur- tion,to appeal from any adverse judgment or order. or ance or guaranty insuring or guaranteeing the in- (e) In all cases where this policy permits or re- (ii) the amount of insurance stated in debtedness secured by the insured mortgage. After quires the Company to prosecute or provide for Schedule A, or, if applicable, the amount of in, any such acquisition the amount of insurance here- the defense of any action or proceeding, the in- surance as defined in paragraph 2 (a) hereof: or under, exclusive of costs, attorneys" fees and ex- cured hereunder shall secure to the Company the penses which the Company may be obligated to right to so prosecute or provide defense in such (iii) if this policy insures the owner of the pay,shall not exceed the least of: action or proceeding, and all appeals therein, and indebtedness secured by the insured mortgage,and (i) the amount of insurance stated in permit the Company to use,at its option,the name provided said owner is the insured claimant, the of such insured for such purpose. Whenever re- amount of the unpaid principal of said indebted- Schedule A; ness, plus interest thereon, provided such amount quested a t,a Company, such insured shall give shall not include any additional principal indebted- (ii) the amount of the unpaid principal the Company,at the Company's expense,all reason- Hess created subsequent to Data of Policy, except of the indebtedness plus int thereon,as deter- able aid (3) in any such action or proceeding in ass re aunts subsadvaequent to protect the lien x the mined under paragraph 6 (a) (iii) hereof, expenses effecting settlement, securing evidence, obtaining insured mortgage and secured thereby. of foreclosure and amounts advanced to protect witnesses, or prosecuting or defending such action the lien of the insured mortgage and secured by or proceeding, and (2) in any other act which in (b) The Company will pay, in addition to any said insured mortgage at the time of acquisition of the opinion of the Company may be necessary or loss insured against by this policy, all costs irm such estate or interest in the land;or desirable to establish the title to the estate or posed upon an insured in litigation carried on by (Continued on inside back cower) }'N` t: CONDITIONS AND STIPULATIONS YSf�t}itf Wontinued from inside front cover) u me Company for such insured, and all costs, or (b) a mortgage hereafter executed by an insured 11. LIABILITY LIMITED TO THIS POLICY ' ttorn s' fees and expenses in litigation carried which is a char or lien on the estate or interest iss n by such insured with the written authorization described or referred to in Schedule A, and the This instrument together with all endorse- j f the Company. amount so paid shall be deemed a payment under ments and other instruments,if any,attached here- me has to by the Company is the entire policy and con- Y{t= ;t t this policy. The Company shalt have the option to (c) When the amount of loss or daapply to the payment of any such mortgage any tract between the insured and the Company. j Been definitely fixed in accordance with the torr amount that otherwise would be payable hereunder Any claim of loss or dam `f litions of this policy, the loss or damage shall be age, whether or note payable within 30 days thereafter. to the insured owner of the estate or interest cov- based on negligence, and which arises out of the Bred by this policy and the amount so paid shall be status of the lien of the insured mortgage or of the LIMITATION OF LIABILITY deemed apayment under this policy to said insured title to thtate or interest covered hereby, or k14 e es owner. any action asserting such claim,shall be restricted ? No claim shall arise or be maintainable under The provisions of this paragraph 9 shall not to the provisions and conditions and stipulations of :his policy(a)if the Company,after having received this policy. apply to an owner of the indebtedness secured by w i motice of an alleged defect,lien or encumbrance In gage, unless such insured acquires No amendment of or endorsement to this ;ured against the insured mors q mise removes such de�ect, iener, by loren encumbrance or or other- title to said estate or interest in satisfaction of said policy can be made except by writing endorsed indebtedness or any part thereof. hereon or attached hereto signed by either the establishes the title,or the lien of the insured mort- President, a Ver President, the Secretary, an gage, as insured, within a reasonable time after 10. SUBROGATION UPON PAYMENT OR Assistant Secretary,or validating officer or author- r" receipt of such notice,(b)in the event of litigation SETTLEMENT ized signatory of the Company. until there has been a final determination by a g any' h, court of competent jurisdiction,and disposition of Whenever the Company shall have paid or No payment shall be made without producing s' all appeals therefrom,adverse to the title or to the settled a claim under this policy,all right of sub- this policy for endorsement of such payment un- r z lien of the insured mortgage, as insured, as pro- rogation shall vest in the Company unaffected by less the policy be lost or destroyed, in which case T vided in paragraph 3 hereof; or (c) for liability any act of the insured claimant, except that the proof of such loss or destruction shall be furnished voluntarily admitted or assumed by an insured owner of the indebtedness secured by the insured to the satisfaction of the Company. i without prior written consent of the Company mortgage may release or substitute the personal 12 NOTICES, WHERE SENT liability of any debtor or guarantor, or extend or 8. REDUCTION OF INSURANCE; TERMINA-- otherwise modify the terms of payment, or re- All notices required to be given the Company TION OF LIABILITY lease a portion of the estate or interest from the and any statement in writing required to be fur- lien of the insured mortgage, or release any nished the Company shall be addressed to it at its All payments under this policy, except pay_ collateral security for the indebtedness, provided home office at 421 North Main Street,Santa Ana, ment made for costs, attorneys'fees and expenses, such act occurs prior to receipt by such insured California. 92701, or to the office which issued shall reduce the amount of the insurance pro tanto; of notice of any claim of title or interest adverse this policy. r provided,however,if the owner of the indebtedness to the title to the estate or interest or the priority secured by the insured mortgage is an insured here- of the lien of the insured mortgage and does not under,then such payments,prior to the acquisition result in any loss of priority of the lien of the in- of title to said estate or interest as provided in sured mortgage. The Company shall be subrogated paragraph 2 (a) of these Conditions and Stipula- to and be entitled to all rights and remedies which i tions,shall riot reduce pro tanto the amount of the such insured claimant would have had against any insurance afforded hereunder as to any such in- person or property in respect to such claim had this sured, except to the extent that such payments policy not been issued, and the Company is here- reduce the amount of the indebtedness sued by authorized and empowered to sue,compromise by such mortgage. or settle in its name or in the name of the insured to the full extent of the loss sustained by the Com- Payment in full by any person or voluntary pang. If requested by the Company, the insured satisfaction or release of the insured mortgage shall shall execute any and all documents to evidence terminate all liability of the Company to an insured the within subrogation. If the payment does not owner of the indebtedness secured by the insured cover the loss of such insured claimant, the Com- mortgage, except as provided in paragraph 2 (a) pany shall be subrogated to such rights and reme- hereof, dies in the proportion which said payment bears to 9. LIABILITY NONCUMULATIVE the amount of said loss,but such subrogation shall be in subordination to an insured mortgage. If loss It is expressly understood that the amount of should result from any act of such insured claimant, insurance under this policy,as to the insured owner such act shall not void this policy, but the Com- of the estate or interest covered by this policy,shall pany, in that event, shall as to such insured be reduced by any amount the Company may pay claimant be required to pay only that part of any under any policy insuring (a)a mortgage shown or losses insured against hereunder which shall exceed referred to in Schedule 8 hereof which is a lien the amount, if any,lost to the Company by reason on the estate or interest covered by this policy, of the impairment of the right of subrogation. �rlal Form No[ 1084--A srr' L.'rA Standard Coverage Poflcy Copyright 1973 C f e >5 RFs SCHEDULE Total Fee for Title Search, Examination f and Title Insurance $ 586.69 _ fis 3i{{, No. rno�irlt of Ira ranee: $ 1 �GG0.t�G Policy 4471 JS 01 { Cate of Policy: January 17 , 1975 a 8 :00 A. M. iz 1. lame of Insured i THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS c i f The estate or interest referred to herein is at Datta of Poky vested im THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS The estate or intere%t inter . in the land described in Schedule C and which is covered by this policy is. A Fee —2— }% a-rsrrrr No.1084 ""a CL.TA Standard Coverage Policy tt l�# Co{aYr6ght--1973 i 1l 654471 i f SCHEDULE This policy does not insure against loss or darraagc, nor against costsattorneys'fees or,expenses,any or all of which arise by reason of the following: st( Dart Clete: s "@. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that t P) levies taxes or assessments on real property or by the public records. { M tris Proceedings by a public agency which relay=result in taxes or assessments,or notices of such proceedings, t}}' whether or not shower by the records of such agency or by the public records, RIX {li g. Any facts, rights, interests or chinas which are not shown by the public records but which could be as- i certained by an inspection of the hand or by making inquiry of persons in possession thereof. fn iii I Easements,liens or encurnbrances,or claims thereof,which are not shown by the public records. � Discrepancies, conflicts in boundary lines, shortage in area, encroachments,or.any other facts which a correct survey would disclose,and which are not shower by the public records. } d. (a) Unpatented mining clainss; (b) reservations or exceptions In patents or in Acts authorizing the issuance thereof; (c) water rights,cWrns or title to water, d, Any right, title, interest, estate or easement in land beyond the lines of the area specifically described or referred.to in Schedule C, or in abutting streets„ roads, avenues, alleys, lanes, ways or waterways, but nothing in this paragraph shall modify or Hmit the extent to which the ordinary right of an abutting owner for access to a physically opera street or highway is insured by this policy. T Any law, ordinance or governmentai regulation Oncluding but not limited to building and zoning ordinances) restricting or. regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land,or prohibiting a separation in ownership or a reduction in the dimensions or area of the land,or the, effect of any violation of any such law, ordinance or governmental regulation. & Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records, 9, Defects, liens,encumbrances,adverse ria msp or other matters(a) created,suffered,assumed or ragrened to by the insured claimant; (b) not shown by the pubiic records and not otherwise excluded from coverage, but known to the insured clairnant either at ligate of Policy or at the date such claimant acquired ars estate or interest insured by this poflcy or acquired the inRireci mortgage and not disclosed in writing by the insured claimant to this Company prior to the date such insured claimant became an insured here- under; (c) resulting in no ioss or darnage to the insured claimant„ (d) attaching or created subsecii.jent to Date of Policy, or (e) resulting in loss or damage which would not have been sustained if the i¢asured claimant had been a purchaser or encairnbrancer for value without knowledge, Part Two- Second Installment General and Special taxes r the fiscal year 1974-75, amount $1,725.29. -3- 654471 SCHEDULE "B" continued 2. An easement for the hereinafter specific purpose and incidental purposes , recorded in Book 28, page 233 , of Deeds , and recorded in Book 29, page 65, of Reeds. Said easement is for pipe lines and cannot be located from the record. 3. An easement for the hereinafter specific purpose and incidental purposes, recorded in Book 5624, page 353, Official Records. Said easement is for party wail and is located along the Easterly boundary of said land. 4. An Action started November 26 , 1973, in the Superior Court of the State of California, County of San Bernardino, Case No. 159707. Plaintiff: Redevelopment Agency of the City of Redlands vs . Defendant : Emmett Osbun, et al. , doing business as Osbun Groves , a partnership to condemn real property by eminent domain. Notice of pendency of said action was recorded November 27 , 1973 in Book 8315 , page 1279, Official Records. 5. An Action started November 26, 19739 in the Superior Court of the State of California, County of San Bernardino , Case No. 159723. Plaintiff: Redevelopment Agency of the City of Redlands vs. Defendant : Emmett Osbun, et al. , doing business as Osbun Groves, a partnership to condemn real property by eminent domain. Notice of pendency of said action was recorded November 28, 1973 in Book 8316, page 1108, Official Records.. -4- Fortn No. 1056.4 Ali PoUcY Forms 654471 SCHEDULE C 'rhe land referred to in this policy is situated in the State of Calif ornia County of San Bernardino and is described as follows: PARCEL Na. 1 : Lots 8, 91 10 and 11, Block 6, TOWN PLAT OF BLAND S, in the City of Redlands., County of San Bernardino, State of California, as per plat recorded in Book 5 of Maps, page 10 , records of said County. EXCEPTING THEREFROM the North 42 feet for street purposes. PARCEL NO. 2 : The South 93.25 feet of Lot 12 ., Block 6, TOWN PLAT OF REDLANDS, in the City of Redlands, County of San Bernardino, State of California, as per plat recorded in Book 5 of Maps, page 10,, records of said County, and that portion of Lot 13, Block 6 of said TOWN PLAT OF REDLANDS, described as follows: BEGINNING at a point on the South line of said Lot 13, said point lies North 89059t East 31. 00 feet from the Southwest corner of said Lot 13; thence along the South line of said Lot 13, South 89059 ' West 31- 00 feet to the Southwest corner thereof; thence along the West line thereof, North 93.25 feet to a point on the South line of Central Avenue; thence along said line., North 89058' East ,, 30.72 feet ; thence South 00191, East , 93. 26 feet to the point of beginning. -5- INL✓`+J9\V6..MENT Ali L t\"t Attached to Policy No. 654471 M t Ali Issued by }r} First American Title Insurance Cornpair ;4!` E=I f. 'This Inclorsernent shall be effective only if at Date of Policy there is located on the land described in said Policy a � one-to-four family residential structure, in which the Insured Owner resides or intends to reside. For the purpose of this , Indorsernent the term "residential structure" is defined as including the principal dwelling structure located on said � I land and all improvements thereon related to residential use of the property,except plantings of any nature and except t perimeter fences and perimeter walls. . The Company hereby insures the Insured Owner of the estate or interest described in Schedule A against loss or darn;age which the Insured Owner shall sustain by reason of: f,6 sh, u� (i a. the existence at Cate of Policy of any of the following matters= � =i (9) lack of a right of access from said land to a public street; z,` l2) any taxes or assessments levied by a public authority against the estate or interest insured which constitute �1 liens thereon and are.not shown as exceptions in Schedule S of said Policy; ( ) any unrecorded statutory liens for labor or material attaching to said estate or interest arising out: of any work of improvement on said land in progress or completed at Date of Policy, except a wort: of improve- rnent for which said Inscared Owner has agreed to be responsible; b, the enforced removal of said residential structure or interference with the use thereof for ordinary residential purposes based upon the existence at Date of Policy of: fi (1) any encroachment of said residential structure or any part thereof onto adjoining lands, or onto any easement shown as an exception in Part I I of Schedule P of said Policy,or onto any unrecorded subsurface easement; i ) ;any violation of any enforceable covenants, conditions or restrictions affecting said land and shown in Part 11 of Schedule P; (3) any violation of applicable zoning ordinances, but this Indorsement does not insure compliance with, nor is it in any way concerned with, building codes or other exercise of governmental pola^e power; C, damage to said residential structure resulting from the exercise of any right tO use the surface of&aid land for the extraction or development of minerals, if minerals are excepted from the description of said land or shown as an exception or reservation in Schedule S. The total liability of the Company under said Policy and all indorsements attached thereto shall not exceed,it)the aggregate, the amount of said Policy and costs which the Company is obligated under the conditions and stipulations thereof to pay,and nothing corItained herein shall be construed as extending or changing the effective date of said Policy. This indorsement is made a part of said Policy and is subject to the schedules,conditions and stipulations therein,except as modified by the provisions hereof. First American Title Insurance Company BY PRESIDENT Y JOHN C. SENSTOCK ASSISTANT SECRETARY FA--9 (9-30-74) Added Coverage For owner i i INDORSEMENT Attached to Policy No, 654471 Issued by First American Title .Insurance Company The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional monetary protection to the Insured Owner named in said Policy, hereby modifies said Policy, as follows: 1. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual upward adjustments in the manner and to the extent hereinafter specified. 2, "Adjustment Date"is defined, for the purpose of this Indorsement,to be 12:01 a.m.on the first January 1 which occurs more than six months after the Date of Policy,as shown in Schedule A of the Policy to which this Indorse- ment is attached,and on each succeeding January 1. 3. An upward adjustment will be made on each of the Adjustment Dates,as defined above,by increasing the maxi- mum amount of insurance provided by said Policy (as said amount may have been increased theretofore under the terms of this Indorsement) by the same percentage, if any,by which the United States Department of Commerce Composite Construction Cost Index (base period 1967) for the month of September immediately preceding ex- ceeds such Index for the month of September one year earlier;provided, however,that the maximum amount of insurance in force shall never exceed 160% of the amount of insurance stated in Schedule A of said Policy, lass the amount of any claim paid under said Policy which, under the terms of the Conditions and Stipulations, re- duces the amount of insurance in force. There shall be no annual adjustment in the amount of insurance for years in which there is no increase in said Construction Cost Index. 4. In the settlement of any claim against the Company under said Policy,the amount of insurance in force shall be deemed to be the amount which is in force as of the date on which the insured claimant first learned of the assertion or possible assertion of such claim, or as of the date of receipt by the Company of the first notice of such claim,whichever shall first occur. Nothing herein contained shall be construed as extending or changing the effective date of said Policy. This indorsement is made a part of said Policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. 101 First American Title Insurance Company BY PRESIDENT �t BY v tx ASSISTANT SECRETARY JOHN C. SENSTOCK NOTE: In connection with a future application for title insurance covering said land, reissue credit on prerrniurn charges (if applicable at all) will be allowed only upon the original face amount of insurance as stated in Schedule A of said Policy. FA--11 (3-30-74) Owner Inflation .. ,M, — _. .. _ ... .. E d _ s L------ gOL W 4 th, STREET ..,w... — +-- L7 — x .�-N, 4 r �a n { 1 __._... _ 9 >„ DAfiA-SH`OW°d-" 4�_-RECORDS THIS IS NOT A SURVEY OF THE 1IAND BIlT...IV LED FOR INFORMATION ONLY+ . zrst American Title Company � a �� of,San ,8ern�dinQ . . . Qq STATE OF t,1LIFORNI A COUNTY O _,fin, .r apd nom,__.._..-----_._.___. 0 _ December 23 ' before me, the undersigned, a Notary Public in and for said {runty F and State, personally appeared ,EP9t t .�} tl x _ FOR NOTARY SEAL OR STAMP ct ree._C t r - rt t n Osbur_Jr.,__.and ? '_ ea_._Osb n_ BeddOe s to he lknuwn to me ., _.-_._..___.' he _ _._.._._.._ partners of tire, partnership G, that executed the within instrument, and acknowledged to me that (OFFICIAL .:EAtj ' such partnership executed the same, LENORA K. MCCLUSKrNOTARY PUBI.IC � C;, SAN BERNARDINO COUNTY !. ` MY Commission Expires August 21, 197&; Signature _ 4 Lenora K. McCluskey s µ CERTIFICATE Acs B jX 208 This is to certify that the interest in real property conveyed by the deed or grant deed dated Oct. 25 1974, from Emmett Osbun and Imogene Qsbun7 Benjamin E. Osbun, Jr. and Marilyn S. Osbun; MarX LeaOsbun,- and to THE REDEVELOPKENT AGENCY OF T. Osbun Groves -,R=UWSa political corporation and governmental agency, is hereby accepted by the undersigned officer or agent on behalf of the Agency pursuant to authority conferred by order of the Members of the, Agency adapted on JanuaEy 7 , 1975, and the Grantee col consents to recordation thereof by the duly authorized officer. Dated: January 9 1975. f By R r itt, Jr. Acting Executive Director Order No. 654471 E ow No. 5313 �_ � bm.8597 PSE 206 Loam No. , FIRST AMERICAy TITLE INSURAM09 til137 - WNEN RECORDED MAIL TO. RECORDED IN OFFICIAL, RECOMS City of Redlands ,JAN 17 1975 AT. f:{ 1�,�'.' City Hall Y. DENNIS WARDLE Redlands* California 92373 f FM CLERK-RECORDER � ISAN BERNARDINO COUNTY, CALIF.. SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAX STATEMENTS TO: DOI X IENTARY TRANSFER TAX $..... - -» ....Computed on the co attkM or value of Ply conveyed;OR address shoom above . ..Carround on Lha con61derSdOft Of Valuer 100114M Or r ff6rO;s" romdainq at terne of a" 1 - Redlands Escrow Inc., B Sianrtur.of oecierant or AOant datarmininq tax—Ftrm rda no GRANT DEED FOR A V BLE CONSIDERATION recei t of which is hereby acknowledge{, AM= OSBUN AND IMOGUNE DS} husbatd and Lite;wi �i 3. 061E # AND MAULU S. OSM husband &A4 rdf:e; MARY LEA OMM UDDOBS a wtid wq who acquired title as Mary Lest Osbun; and OSM GitMS, 'a partnership composed. of somatt Downs juagovat Dipbuu, Benjami*4 Z. osbaa, Jr., and Miry Lea Beddtaes, � hereby GRANT(S) to TO RZDBifStd>IP1!?;1iT AGBf1CY OF THE CITY OF RRTIANDS, `d the real property in the City of Redlands County of Safi Bernardino State of California, described as P,ARCRL NO. Is v Lots 8, 90 10 and 11, Block 6, TOWN PLAT OF RBDLANDS, in the City of Redlands, County of S Bernardino, Stats of California, as gar plat recorded in Book 5 of maps,, page 10, records of said Col ntya &70 EMNG therefrom the North 42 feet for street purposes. PARCH NO. 2z i The South 93.25 feet of Lot 12, Block 6, TOWN PLAT OF REM ANUS, in the City of Redlands, Cq=-ty of San Bernardino, State of California, as per plat recorded in book 5 of Maps, page 10_ -Lards of said County, and that portion of Lot 13, Block 6 of said TOWN PLAT OF PARCEL NO. 2- The South 93.25 feet of Lot 12, Block 6, TOWN PLAT OF REDLANDS, in the City of Redlands, County of San Bernardino, State of California, as per plat recorded in book 5 of Maps, page lot records of said County, and that portion of Lot 13t Block 6 of said TOWN PLAT OF REDLANDS, described as follows: BEGINNING at a point on the South line of said Lot 13, said point Lies North 8910 5911 sast 31*00 fact from the Southwest corner of said Lot 13; 'thence along the South line of said Lot 13t South $90 59' W43t 31.00 feet to the Soutbwest corner thereof; thence along the West line thereof, North 93.25 feet to a point on the South line of, COOI Avenue; thence &IOU$ said lines North $90 5811 East,, 30.72 feet; thence South 00 101, 191- Illstt 93.26 feet to the point of beginning. SUBJUT TOs General and special taxes for the fiscal year 1974-1975. Covenants, conditiats, restrictions# reservations, rights, rights of way and easements of record. 7 shun e abn STATE OF CALIFORNIA COUNTY OF I E-* ti JrQ' MarlS.S. 'Osb4ii) �San-,Bernardlno A A- 4?11 �V_� 1(3 ZAAZW-7 (Mary jw-a Oat" Beddtres) tan% December 23. 1974 OSMW GROVES, a partnership A "A before me, the undersigned, a Notary Public in and for said A State, personally appeared Emmett Osb Byz ByU4o11d-4'6-'r-e mcr en Osbun. Benjamin Et Qgbun Jr.. a tw i tr s irr aut Marilyn S. OsjWn. & Mary Leg Qcies By By;"known to me to be the person-6— whose name a are. 1 0"000— F a partner *ubscribed to the within instrument and acknowledged that SEAL) _CL'JSKE 1 397: 9 they executed the smame. &ni 4L2 7� (OFFiCIAL SEAL) WITNESS my hand and official seal. LENORA K. rV�cCWSKEY ! P40TAR UBLIO Y PU Signature cial otariat seat? Lenora 310 x ireS A ,ust 21, 197� McCluskey My Commission Expires Atm 7002110/69) MAIL TAX STATEMENT E ED ABOVE PLEASE SIGN AND ACKNOWLEDGE DO NOT F" THIS INSTRUMENT BEFORE A 0`1D-__1ETtTF`N THIS DEED T( REDLANDS ESCPFV INC. NOTARY -PUBLIG-- SIGN YOUR NAME EXACTLY AS IT IS TYPEWRITTEN ON THIS DOCUMENT. MAIL TAX STATEMENTS TO: DOCUMENTARY TRAMFER TAX275 00 Computed on the consideretion,or value of Property conveyed;OR address shown above Computed on the consideration or veto#lass liens or encumbrances " 1 ninvat timeofitale. Redlands Facrow Inc., Sionatum ofCiiao:lwant or Agent dirtorminint;tax - Fit GRANT DEED F ed EMErT UN OGFUN bO V receipt of which is hereby acknowledged, OSR AND IM E OSBUN at,%A anel-1.)ABLE CONSIDERATION husband wife; BENJAMIN E. OSBUN JR., AND MARILYN S. OSBUN husband and wife; MARY LEA OSBUN BEDDOES a widow, who acquired title as Mary Lea Osbun; and OSBUN GROVES, a partnershtip composed of Emmett Osbun, Imogene Osbun, Benjamine E. Osbun, Jr., and Mary Lea Beddoes, hereby GRANT(S) to THE REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS, the real property in the City of Redlands County of San Bernardino State of Califor-a, OesCnbed as PARCEL NO. 1: Lots 81 9, 10 and 11, Block 6, TOWN PLAT OF REDLANDS, in the City of Redlands, County of San Bernardino, State of California, as per plat recorded in Book 5 of Maps, page 10, records of said County. EXCEPTING therefrom the North 42 feet for street purposes. PARCEL NO. 2. The South 93.25 feet of Lot 12, Block 6, TOWN PLAT OF REDLANDS, in the City of Redlands, County of San Bernardino, State of California, as per plat recorded in bock 5 of Maps, page 10, records of said County, and that portion of Lot 13, Block 6 of said TOWN PLAT OF REDLANDS, described as follows: BEGINNING at a point on the South line of said Lot 13, said point Lies North 890 59* East 31.00 feet from the Southwest corner of said Lot 13; thence along the South line of said Lot 13, South 890 59' West 31.00 feet to the Southwest corner thereof; thence along the West line thereof, North 93.25 feet to a point on the South line of Central Avenue; thence along said line, North 890 58' East, 30.72 feet; thence South 00 10' 19" East, 93.26 feet to the point of beginning. WBjEcT TO; General and special taxes for the fiscal year 1974-1975. Covenants, conditicns, restrictions, reservations, rights, rights Of way and easements of record. Dated-._October 25, 1974. amen E. sbun Jr. Marilyn S. (�i STATE OF CALIFORNIA bun) COUNTY OF ($407 strun ge-d-do-e-si) On.-..__ Dec�xrnbcr 23x 11)74 OSBUN GROVES, a partnership before me, the undersigned, a Notary Public in and for said By: By L State, personally appeared ---- 7 acs BY 'BY BAd' known to me to be the person whose name �31c, a-partnex ArTrVC%_r subwribed to the within instrument and acknowledged that they, executed the same. �L----IA. WITNESS my hand and official seat, 1 SiatYare , �fhiIii 'etiall fii, alf"601 Ixot-44 aal+ Lhfiork. McCluskey my L MAIL TAX STATEMENT[, b,I 4tYE6' ABOVE 1002(10/691