HomeMy WebLinkAbout1987-033 Warranty Deed - JohnsonCRATER TITLE INSURANCE CO.
485 East Main St.
ASHLAND, OREGON 97520
Phone 482-4006
November 24, 1987
City of Ashland
City Hall
Ashland, Oregon
9 7520
Attention:
Re :
Nan Franklin
Escrow fJ 68471
Johnson :City of Ashland
Dear Nan,
Attached please find your recorded Warranty Deed: 87-24164 and policy of title
insurance regarding the closing of the above referenced escrow.
Sincerely,
Sharon Slack
Escrow Assistant
FORM No. 633--WARRANTY DEED {Individual or Corporate). STEVENS-NESS LAW PUBLI.~HING CO. PORTkAND, OR. 97204
KNOW ALL MEN BY THESE PRESENTS, That.~QB_gRT _~,__.JO~]~QN, 9A~C~ ~Y JO~ISON
I W ~ P T ~
hereinatter called the grantor, for the consideraHon hereinafter stated, to grantor paid by ~ CZ~ .OF ~ ~./ ~. ~
-~~,-. a .~c~ no,or,ion _of. t~e._Stat~ o~ Ore~n . . , hereinafter called
the grantee, does hereby grant, bargain, sell and convey unto the said grantee and grantee's heirs, successors and
assigns, that certain real property, with the tenements, hereditaments and appurtenances thereunto belonging or ap-
pertaining, situated in the County of Jaoks~ . and State of Oregon, described as follows, to-wit:
Beginning at a point South 89° 53' West, .204.0 feet, from the
intersection of the North side line of "B" Street, with the West side
line of Mountain Avenue, in the City of Ashland, Jackson County,
Oregon, at the Southwest corner of tract described in Volume 207,
Page 58, Jackson County, Oregon, Deed Records; thence South 89° 53'
west, 115.90 feet, along the North side line of "B" Street; thence
North 0° 11' West, 163.4 feet, to the Westerly line of said tact
described in Volume 207, Page 58, said Deed Records; thence South 35°
30' East, along said line, 200.5 feet, to the point of beginning.
(IF SPACE INSUFFICIENT, CONTINUE DESCRIPTION ON REVERSE SIDE)
To Have and to Hold the same unto the said grantee and grantee's heirs, successors and assigns forever.
And said grantor hereby covenants to and ,with said grantee and grantee's heirs, successors and assigns, that
grantor is lawfully seized in fee simple of the above granted premises, free from all encumbrances
except covenants, conditions, restrictions, easements and ri~hts-of-way of record
or apparent on the ground.
and that
grantor will warrant and forever defend the said premises and every part and parcel thereof against the lawful claims
and demands of all persons whomsoever, except those claiming under the above described encumbrances.
The true and actual consideration paid for this transfer, stated in terms of dollars, is $16 ,O0O.00~-~ .
(DHowever, the actual consideration consists of or includes other property or value given or promised which is
the whole
part ut the consideration (indicate which).® (The sentence between the symbols (D, if not applicable, should be deleted. See ORS 95.030.)
In construing this deed and where the context so requires, the singular includes the plural and all grammatical
changes shall be implied to make the provisions hereof apply equally to corporations and to individuals.
In Witness Whereof, the grantor has executed this instrument this [7t['day of ~ov~dber , 1~7 ;
if a corporate grantor, it has caused its name to be signed and seal affixed by its officers, duly authorized thereto by
order of its board of directors.
THIS INSTRUMENT WILL NOT ALLOW USE OF THE PROPERTY DE-
SCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND
USE LAWS AND REGULATIONS, BEFORE SIGNING OR ACCEPTING
THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE
PROPERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR
COUNTY PLANNING DEPARTMENT TO VERIFY APPROVED USES.
Irene W. Laird
Tana-,L. 'Nason, formerly Tana I.
Gruber, by Irene W. Laird, Attorney-in-Fact
Robert B'. Johl~On
PatriciA-K~y--~oh~so~- '
W. ' Laird', Attorney-
in-Fact
State of Oregon )
) ss.
County of Jackson )
November 17 , 1987
Persoa~T"p,~p. peared the above Robert B. Johnson, Patricia Kay Johnson, and Irene
~l-.'~'~Lair~[,.. ~{~dually and as attorney-in-fact for Kim W. Laird and Tana L. Mason,
:m~d ackno~l'a'.~d, ~the foregoing instrunmnt to be their voluntary Bct and deed.
ALTA Owner's Policy
(6-1-87)
Schedule A
SCHEDULE A
Policy No. CTI - 68471
Amount of InsuranceS 16,000.00
Premium $ 175.00
Date of Policy' November 17, 1987 at 2:05 P.M.
1. Name of Insured:
THE CITY OF ASHLAND
a municipal corporation
of the State of Oregon
2. The estate or interest in the land which is covered by this policy is:
an estate in fee simple
Titletotheestateorinterestinthelandisvestedin:
THE CITY OF ASHLAND
a municipal corporation
of the State of Oregon
4. Thelandreferredtointhispolicyisdescribedasfollows:
Beginning at a point South 89° 53' West, 204.0 feet, from the
intersection of the North side line of "B" Street, with the West side
line of Mountain Avenue, in the City of Ashland, Jackson County,
Oregon, at the Southwest corner of tract described in Volume 207,
Page 58, Jackson County, Oregon, Deed Records; thence South 89° 53'
West, 115.90 feet, along the North side line of "B" Street; thence
North 0° 11' West, 163.4 feet, to the Westerly line of said tact
described in Volume 207, Page 58, said Deed Records; thence South 35°
30' East, along said line, 200.5 feet, to the point of beginning.
TI 129
ALTA POLICY FORMS
STANDARD COVERAGE
SCHEDULE B
This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees or
expenses, which arise by reason of the following:
Taxes or assessments which are not shown as existing liens by the records of any taxing authority that
levies taxes or assessments on real property or by the public records; proceedings by a public agency
which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the
records of such agency or by the public records.
Any facts, rights, interests, or claims which are not shown by the public records but which could be
ascertained by an inspection of said land or by making inquiry of persons in possession thereof.
Easements, encumbrances, or claims thereof, not shown by the public records, reservations or exceptions
in patents or in acts authorizing the issuance thereof, water rights, claims or title to water.
Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by
law and not shown by the public records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a
correct survey would disclose.
6. A Trust Deed, including the terms and provisions thereof, given
The City of Ashland, a municipal corporation of the State of Oregon,
grantor(s), to Crater Title Insurance Co., as trustee, for Robert B.
Johnson and Patricia Kay Johnson, husband and wife, as to a 66-2/3%
interest, Irene W. Laird, as to a 16-2/3% interest, Kim W. Laird, as
an 8-1/3% interest, and Tana L. Mason, as to an 8-1/3% interest, as
beneficiary, dated November 17, 1987, recorded November 17, 1987, as
Document No. 87-24165, Official Records of Jackson County, Oregon,
given to secure payment of a note in the amount of $12,000.00, with
interest thereon.
by
to
3 CTI
PAGE OF POLICY NO.
TI 75 10,'85
- 68471
604 West Main St.
Phone 779-7250
Medford0 Oregon 97501
CRATER TITLE INSURANCE CO.
Serving all of Jackson County
1800 1701 ,
1900
1700
(~-
485 East Main St.
Phone 482-4006
Ashland, Oregon 1~7520
~ Z
Z
2400
25OO
STREET
B
27O0
TOWNSHIP ~..~ ,c~
RANGE SECTION
THIS SKETCH IS FOR LOCATION PURPOSES ONLY. NUMBERS ON SKETCH ARE COMPANY NUMBERS
".~ND NO LIABILITY IS ASSUMED FOR VARIATIONS DISCLOSED BY SURVEY OR COUNTY RECORDS.
ASt[~ND, ORISON 97520 ['/ESCROW NO.
/ 68471
/RECEIVABLE NO, I RECEIVED OF
~ity of Ashland
,,,,,ABA#'~CHECKING, ACCOuNTCASH NO.]23034CASH~h'S24_]2065000CHECK, 5 ~I~IEC'~S
SMS-I07
RECEIVED AFTER HOURS
FROM BUYER ~'~
SELLER
cusTOMER COPY
I~lfl~;~.~ Crater Title Insuranoe Co. 11./16/8"1
~ _CRATER. TITLE.
BUYER STATEMENT ~
BUYER' CITY OF ASHLAND
CITY H~L.L
~SHLAND, OREGON, 975~0
SELLER:
ON
ROBERT B. JOHNSON , PATRICIA KAY JOHNSON, IRENE W. LAIRD, KlM W. LAIRD AND TANA L. MAS
CIO 191 TIHBERLAKE
ASHLAND, OREGON, 97580
PR[)PERTY: VACANT LOT ON "B" STREET
ASHL. AND, OREGON, 97580
SETTLEMENT [)ATE' 11/17/87 PRORATION DATE: 11/17/87
SALE PRICE:
1.6,000.00
BUYER CHARGES P.O.C.
ESCROW FEES
RECORD WARRANTY DEED/TRUST DEED
SET-UP COLLECTION ESCROW
'87-'88 PROPERTY TAXES
397.19 prorated -From 11/1'7/87 thru 06~30~88
at 1.0882 per day
SALE PRICE
GROSS DUE FROM BtJYER
75.00
25.00
36.50
248.11
16,000.00
16,984.61
BUYER CREDITS
DEPOSIT
LOAN 8 CR
TOTAL PD BY/FOR BUYER
500.00
12,000.00
1~,500.00
GROSS DUE FROM BUYER
TOTAL PD BY/FOR BUYER
NET FROM (TO) BUYER
16,384.61
-18,500.00
3,884.61
WE: HEREBY ACCEPT FEES AND COST AS STATED ABOVE
CI'IY DF ASHLAND, by L. Cordon Medaris, Mayor
City of Ashland, by Nan E. Franklin, City Rmcorder
CRATER TITLE INSURANCE
Serving all of Jackson County ~' '~
604 Wesl Main ,St.
516 Craler Lake Ave. Suite 8 P.O. Box 250 4~5 East Main SI.
Phone 7;9-6442 Phone 779-7250 Phone 482-40(~
Medlord. O~gon 9750.4 ~lec~lord, OH~gon Ashland, Oreoon 97520
Novemoer lu, ~7~7 JOHNSON:CITY OF ASHLAND
CRATER TITLE INSURANCE CO.
Ashland Escrow
Order No. 68471-ASH
PRELIMINARY REPORT FOR:
Standard Coverage Policy
Owners $ 16:000.00
Purchasers $
Loan Policy $
A.L.T.A. Poi. $
We are prepared to issue title insurance in the form and amount shown above insuring title to the land
hereinafter described:
(SEE EXHIBIT "A")
showing the title November 6 ,19 87 at 8:00 A. M. vested of record in
ROBERT B. JOHNSON AND PATRICIA KAY JOHNSON,
as tenants by the entirety, an undivided 66-2/3% interest;
IRENE W. LAIRD, an undivided 16-2/3/% interest;
KIM W. LAIRD, an undivided 8-1/3% interest;
TANA I. GRUBER, an undivided 8-1/3% interest,
an estate in fee sLmple, as tenants in common
subject to the usual printed stipulations and exceptions appear!rig in such form policy and also the following:
1987-88 real property taxes - $397.19, due and payable.
Code 5-1 Account 1-6129-8 Map 39 1E 9AA Tax Lot 2500
2. City liens of the City of Ashland, Oregon, if any.
3. A Trust Deed, including the terms and provisions thereof, given
by Crista Investments, Inc., as grantor(s), to Crater Title Insurance
Co., an Oregon corporation, as trustee, for Don A. Daly and Joanelle
Daly, husband and wife, as beneficiary, dated June 15, 1978, recorded
June 19, 1978, as Document No. 78-13567, Official Records of Jackson
County, Oregon, given to secure payment of $13,500.00, with interest
thereon.
cc: Kelso Realty
ATTN: Miki Douglas
cc: Century 21 Main Street
ATTN: Linda Glossup
This report is preliminary to the issuance of a policy of title insurance and shall become null and void
unless a policy is issued and the full premium therefor paid, within 90 days from the date of this report.
PL: pw/16-23
I! 1
Very truly yours /7
CRATER FJ~I'LE INSURANCE~-~IZi.
Perr8y -/~n//ee~%'/ '~~_~
. y t~aney, /Aut~orized/Exami
net
EXHIBIT "A"
Beginning at a point South 89° 53' West, 204.0 feet, from the
intersection of the North side line of "B" Street, with the West side
line of Mountain Avenue, in the City of Ashland, Jackson County,
Oregon, at the Southwest corner of tract described in Volume 207,
Page 58, Jackson County, Oregon, Deed Records; thence South 89° 53'
West, 115.90 feet, along the North side line of "B" Street; thence
North 0° 11' West, 163.4 feet, to the Westerly line of said tact
described in Volume 207, Page 58, said Deed Records; thence South 35"
30' East, along said line, 200.5 feet, to the point of beginning.
68471/16-34
~ CRAT,BR TITLB 1NSURANgB CO.
1701 .
·
I~00
1700
2400
2§OO
-. STREET'
TOWNSHIP .~c~ RANGE . Bi:CTiON_
THIS SKETCH I$ FOR LOCATION PURPOSES ONLY. NUMBERS ON 5KETCH ARE COMPANY NUMUEfl6
'~ND NO LIABILITY 15 A$SUMED FOR VARIATIONS DI$CLOSED BY SURVEY OR COUhlTY RECORDS,
CRATER TITLE ESCROW INSTRUCTIONS
to Crater Title Insurance Co., DAI'ED NOVEMBER 16, 198
from
SELLER: ROBERT B. JOHNSON AND PATRICIA KAY JOHNSON HUSBAND ANO WIFE AND
IRENE W. LAIRO AND KIM W. LAIRD AND TANA L. MASON
CIO 19i TIMBERLAKE,
ASHLAND,OREGON, 97520
BUYER: CITY OF ASHLAND A MUNICIPAL CORPORATION OF THE STATE OF OREGON
CITY HALL,
ASHLAND,OREGON, 97520
1. PROPERTY DESCRIPTION: This escrow covers real property described in
preliminary title report no. 68471 of Crater Title Insurance Co., dated NOVEMBER 6,
1987, or if none of the property subject to this escrow is located in Jackson
County, then as described in preliminary title r'epor~ no.
of dated
2. TERMS OF TRANSACTION:
$16,000.00
500.00
3,500.00
12,000.00
SALES PRICE
EARNEST MONEY
BALANCE OF DOWN PAYMENT
NOTE AND ]'RUST DEED IN FAVOR OF SELLER,PAYABLE IN
ANNUAL INSTALL. EMENTS OF NOT LESS THAN $3,000.00 EACH
BEGINNING ONE YEAR FROM THE CLOSE OF ESCROW, INCLUDING
INTEREST AT THE RATE OF 10 PER CENT PER ANNUM FROM THE
CLOSE OF ESCROW. THE ENTIRE SUM, PRINCIPAL AND ACCRUED
INTEREST, SHALL BE ALL DUE AND PAYABLE FOUR 14! YEARS
FROM THE CLOSE OF ESCROW; HOWEVER, PURCHASER SHALL HAVE
THE RIGHT TO PREPAY THE BALANCE OWING, IN WHOLE OR IN
PART, AT ANY TIME WITH NO PREPAYMENT PENALTY.
THE NOTE AND TRUST DEED SHALL 8E PAID THROUGH A COLLECTION
ESCROW AT CRATER TITLE INSURANCE CO., GO4 WES]' MAIN ST.,
MEDF'ORD, OREGON, 97501. THE COLLECTION SET-UP FEE SHALL
BE DIVIDED E~UALLY BETWEEN BUYERS AND SELLERS. SELLERS
SHALL PAY THE MONTHLY SET-UP FEE.
DOCUMENTS TO BE FURNISHED IN ESCROW:
WARRANTY DEED
NOTE
I'RUSI' DEED
REQUEST FOR FULL RECONVEYANCE
COLLECTION ESCROW INSTRUCTIONS
IRS W-9
4.TITLE IS TO BE CONVEYED TO: CITY OF ASHLAND A MUNICIPAL CORPORATION OF THE
STATE OF OREGON
5. CLOSING OF ESCROW. You are authorized to deliver or record the above
mentioned documents and disburse funds when you are prepared to issue your title
policy as specified below in the amount of SIXTEEN THOUSAND AND 00/100 dollars
insuring buyer with items NONE of the preliminary title repor~ to remain, showing
any exceptions created by the recording of said documents, and the exceptions
standard to the policy form. Policy Form: 0
6. CLOSING DATE. This escrow shall be closed on or before NOVEMBER 17, 1987.
7. PRORATES. Prora'bed items set forth on Exhibit A, Estimated Closing Costs,
are to be prorated to: NOVEMBER 17, 1987
8. PROCEEDS. Pay proceeds to seller, or order of seller'.
9. ESTIMATED CLOSING COSTS. See Exhibit A attached and made a part hereof. Some
items are estimales. The final closing slatemen't may vary due to per diem charges
and other information obtained prior to closing.
10. SELECTION OF DOCUMENT FORMS. The document forms which the parties have
instructed the escrow agent to complete have been selected by the parties after
such advice and consultation as they have determined to be necessary. Ail forms
furnished by escrow agent have been reviewed and approved by the parties.
~-~D~/~i i~.68471
CRATER TITLE
ESCROW INSTRUCTION
PAGE 8
11. DETERMINATION OF DISPUTES. Escrow agent shall not be required to determine or
arbitrate any dispute of the principals with each other or third parties, but may
awai'k the settlement of any such controversy by final appropriate legal proceedings
or otherwise. Escrow agent may in its discretion, institute such appropriate
interpleader' or other proceedings as it may deem proper in connection with any
dispute.
12. ATTORNEYS' FEES. Should escrow agent become nvolved in any litigation,
including interpleader brought by it, as a result of this transaction, all parties
shall be jointly and severally liable to agent for all costs, expenses and
attorneys fees which it may incur by reason of such litigation.
13. TERMINATION OF ESCROW. This escrow shall be closed on or before the closing
date specified irt Paragraph 6 above. Escrow agent is authorized to close the
transaction subsequent to that date provided that a written instruction to the
contrary has not been furnished by any of the parties to the escrow. If AT ANY
TIME either party to this transaction notifies the escrow agent in writing of its
intent not to proceed with this transaction, ~he duty of escrow agent to complete
the same shall cease. Likewise, if this escrow is not completed within thirty days
of the closing date as set forth herein or extended in writing, the duty of escrow
agent to complete the same shall cease. In either event, all documents and funds
not designated as earnest money shall be returned to the parties providing the
same, and all escrow cancellation fees, title cancellation fees and costs incurred
by escrow agent shall be deducted from 'the funds held by it. In the event that the
parties have provided escrow agent with mutual instructions as to the disposition
of the balance of earnest money deposited, all funds will be disbursed in
accordance therewith. In the event that ~he parties have not provided instructions
for the disposition of the balance of the earnest money when the duty to complete
the transaction ceases, escrow agent shall continue to hold said sum pending such
mutual instructions or other adequate directions as to the disposition thereof.
For each month thereafter that escrow agent mainiains said funds in its account,
the sum of $10.00 shall be deducted therefrom for administrative duties.
14. Some Lenders require that their mortgage, trust deed and or other security
documents be recorded prior to funding. The undersigned principals to these
instructions hereby conseot to such a lender requirement, if applicable.
15. THE PRORATIONS REFLECTED IN THESE ESCROW INSTRUCTIONS HAVE BEEN CALCULATED TO THE
ESTIMATED CLOSING DATE. SHOULD ESCROW CLOSE AFTER THAT DATE, ESCROW AGENT IS
AUTHORIZED TO ADdUST SUCH PRORATIONS, APPROPRIATELY. IF THE NET ADdUSTMENT WILL
RESULT IN A REFUND TO THE BUYER WHICH EXCEEDS $5.00, A REFUND WILL BE MADE.
16. ALL CONTINGENCIES, CONDITIONS AND/OR REQUIREMENTS OF EACH OF THE PARTIES, AS THE
SAME ARE SET FORTH ON THE ORIGINAL EARNEST MONEY AGREEMENT OF THE PARTIES,
INCLUDING THE TERMS OF ANY ADDENDA, COUNTER-OFFERS OR OTHER ELEMENTS INCORPORATED
IN THE FINAL WRITTEN EXPRESSION OF ]'HE PARTIES' AGREEMENT, HAVE BEEN MET TO THE
SATISFACTION OF EACH OF THE PARTIES.
17. THE ESCROW AGENT HEREIN IS AUTHORIZED TO INSERT THE NECESSARY DATES ON THE NOTE AND
MORTGAGE, NOTE AND TRUST DEED, OR LAND SALE CONTRACT, TO PROVIDE FOR INTEREST FROM
THE DATE OF ]'HE CLOSE OF ESCROW, AND TO PROVIDE FOR THE FIRST PAYMENT TO 8E DUE ONE
MONTH FROM THE DATE OF CLOSE OF ESCROW. SAID DATES MAY ALSO BE INSERTED IN
COLLECTION ESCROW INSTRUCTIONS PROVIDED THAT THEY ARE IN AGREEMENTT WITH THE DATES
IN THE DOCUMENTS DELIVERED WITH SUCH INSTRUCTIONS.
THE PARTIES HERETO HAVE BEEN ADVISED TO REVIEW THE TRANSACTION WITH THEIR LEGAL
AND TAX PROFESSIONALS. THE ESCROW AGENT HAS PROVIDED NO TAX OR LEGAL ADVICE AS TO
THE EFFECT OF THIS TRANSACTION, AND NEITHER THE ESCROW AGENT NOR ANY REAL ESTATE
LICENSEE INVOLVED HAS ANY RESPONSIBILITY FOR DOING SO.
Any matters not covered by these instructions which may arise in connection
with this transaction are the responsibility of the parties and shall be handled
outside of %his escrow, including but no~ limited to any law, regulation or
ordinance affecting this transaction or the property which is the subject hereof.
THE ESCROW HOLDER ASSUMES NO RESPONSIBILITY FOR DETERMINING THAT THE PARTIES TO
THIS ESCROW HAVE COMPLIED WITH THE REQUIREMENTS OF THE TRUTH IN LENDING LAW,
CONSUMER CREDIT PROTECTION ACT OR SIMILAR LAWS.
IT IS UNDERSTOOD BY THE PARTIES SIGNING THE ABOVE ESCROW INSTRUCTIONS OR THOSE
ESCROW INSTRUCTIONS WHICH ARE ATTACHED HERETO THAT SUCH INSTRUCTIONS
CONSTITUTE THE WHOLE AGREEMENT BETWEEN THIS FIRM AS AN ESCROW AGENT AND YOU AS
A PRINCIPAL TO THE ESCROW TRANSACTION. THESE INSTRUCTIONS MAY NOT INCLUDE ALL
THE TERMS OF THE AGREEMENT WHICH IS THE SUBJECT OF THIS ESCROW (OR MAY VARY FROM
CRAT£R TITL5
ESCROW INSTRUCTION
PAGE 3
THE TERMS THEREOF). READ THESE INSTRUCTIONS CAREFULLY, AND DO NOT SIGN THEM UNLESS
THEY ARE ACCEPTABLE TO YOU.
THE TAXPAYER I.D. NUMBERS FURNISHED HEREIN ARE CORRECT, AND I'HE PERSON PROVIDING
THE SAME SO CERTIFIES UNDER PENALTY OF PERJURY.
PATRICIA KAY JOHNSON
ROBERT B. JOHNSON
KlM W. LAIRD ~y Irene W. Tmird, IRENE W, LAIRD
Atty.-in-fact
Tana' L'. Mason, by Iren~ W. Lai?d," Atty.-in-fact
City Of Ashland, a municipal
corporation of the State of Oregon
by NAN E. FRANKLIN
CITY RECORDER
L. GORDON MEDARIS
MAYOR
The for'egoing instructions a~'e hereby accepted by Crater Tiile Insurance Co.
Au%horized Signature
' ! I
FORM No. 633--WARRANTY DEED Jlndividual or Corporate).
OK
LAW PUBLISHING CO PORTLAND OR. 97204
WARRANTY DEED
KNOW ALL MEN BY THESE PRESENTS, Zhat.~O~_.~,__ JQ~I~N,. PA~C~ ~Y .JO~1SON
hereinafter called the grantor, for the consideration hereinafter stated, to grantor paid by
-~~.,._a _~c~_co~o~ation._~f_~he._8~te .of Ore~n .......... ,... , herein~ ca#ed
the ~ran~ee, does hereby ~rant, bargain, sell and convey unto the said ~rantee and ~rantee s heirs~~rs and
assign% that certain real property~ with the tenements, hereditaments and appurtenances there~~in~ or
Beginning at a point South 89° 53' West, .204.0 feet, from the
intersection of the North side line of "B" Street, with the West side
line of Mountain Avenue, in the City of Ashland, Jackson County,
Oregon, at the Southwest corner of tract described in Volume 207,
Page 58, Jackson County, Oregon, Deed Records; thence South 89° 53'
West, 115.90 feet, along the North side line of "B" Street; thence
North 0° 11' West, 163.4 feet, to the.Westerly line of said tact
described in Volume 207, Page 58, said Deed Records; thence South 35°
30' East, along said line, 200.5 feet, to the point of beginning.
JIF SPACE INSUFFICIENT, CONTINUE DESCRIPTION ON REVERSE SIDEI
To Have and to Hold the same unto the said grantee and grantee's heirs, successors and assigns forever.
And said grantor hereby covenants to and with said grantee and grantee's heirs, successors and assigns, that
grantor is lawfully seized in fee simple of the above granted premises, free from all encumbrances
except covenants, conditions, restrictions, easenmnts and ri&hts-of-way of record
or apparent on the g~omd.
and that
grantor will warrant and forever defend the said premises and every part and parcel thereof against the lawful claims
and demands of all persons whomsoever, except those claiming under the above described encumbrances.
The true and actual consideration paid for this transier, stated in terms of dollars, is
(PHowever, the actual consideration consists of or includes other property or value given or promised which is
the whole consideration (indicate which).(D (The ~entence between the symbols (D, i! not applicable, should be deleted, See ORS 93.030.]
part of the
In construing this deed and where the context so requires, the singular includes the plural and all grammatical
changes shall be implied to make the provisions hereof apply equally to corporations and to individuals.
In Witness Whereof, the grantor has executed this instrument this . day of ~bvemb~r .... , IR~7 ;
if a corporate grantor, it has caused its name to be signed and seal affixed by its officers, duly authorized thereto by
order of its board of directors.
THIS INSTRUMENT WILL NOT ALLOW US/ OF THE PROPERTY DE-
SCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND
USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING
THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE
PROPERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR
COUNTY PLANNING DEPARTMENT TO VERIFY APPROVED USES. - -
Robert B. Johnson
Irene W. Laird
Patricia Kay Johnson
Tana:L. Mason, fomerly Tana I. Kim W. Laird, by Irene W. Laird, Attorney-
Gruber, by Irene W. Laird, Attorney-in-Fact in-Fact
State of Oregon )
)
County of Jackson )
ss. November , 1987
Personally appeared the above Bobert B. Johnson, Patricia Kay Johnson, and Irene
W. lm_~rd, individually and as attorney-in-fact for Kim W. Tm_ird and Tana L. Mason,
and acknowledged the foregoing instrument to be their volmtary act and deed.
Before ma:
Notary Public for Oregon
My connRssion expires:
Until a change is requested, all tax statemsnts shall be sent to the following address:
City of Ashland, City Hall, 20 East Main St., Ashland, Oregon, 97520
CRATER TITLE
PROMISSORY NOTE
$18,000.00
Ashland , Oregon .........................
Each of the undersigned promises to p~y to the order of ROBERT B. JOHNSON
AND PATRICIA KAY JOHNSON,HUSBAND AND WIFE1AN0 IRENE W. LAIRD~ AND KIM W. LAIRQ3AND
TANA L. HASO~ ( ) or the survivor.(check if applicable), at~shlEEld,. Oregon TWELVE
THOUSAND AND 00/100 DOLLARS, with interest thereon at the rate of 10 percent per
annum from ..... until paid, payable in annual installments of not
less than $3,000.00 in any one payment; interest shall be paid annually and ( ) is
included in ( ) in addition to (check correct box) the minimum payments above
required; the first payments to be made on the .... day of ...... and a
like payment on the same day of each year thereafter, until the whole sum,
principal and interest has been paid; if any of said installments is not so paid,
the whole sum of both principal and interest to become immediately due and
collectible at the option of the holder of this note. If this note is placed in
the hands of any attorney for collection, each of the undersigned promises and
agrees to pay the reasonable collection costs of the holder hereof; and if suit or
action is filed hereon, also promises to pay (1) holder' s reasonable attorney's
fees to be fixed by the trial court and ¢8) if any appeal is taken from any
decision of the trial court, such further slim as may be fixed by the appellate
court, as the holder's reasonable attorney's fees in the appellate court. Liability
under this note is an individual responsibility unless signed in a representative
capacity, in which event the liability shall be that of the person, firm,
corporation or other entity thus represented. Where more than one individual,
firm, corporation or other entity executes this note, the liability thereon shall
be joint and several.
This note is secured by a trust deed nn real property in JACKSON
County, Oregon and subsequent matters of public record may affect the security,
identity of the holder, or other terms hereof. So long as the trust deed remains as
security for this note, any transaction relating to this note or tile trust deed
must be recorded in the above county in order to be effective as to the trustee.
This note may be paid in full at anytime before its due date with no pre-pa)nrmnt penalty.
0ue ..... This note is secured by a deed of trust
166 2/3 Per Cent
216 2/3 Per Cent
3 8 1/3 Per Cent
4 8 1/3 Per Cent
PKJ
CITY OF ASHLANO by L. Gordon Madaris, Mayor
City of Ashland bY Nan E. Franklin,City'
.Record
TRUST DEED
THIS .T, RU~T. DEF-~D,, r~a~cle this ....................... ~ ..... day at .~eY~.~ ..................................... , 19..~.~_, between
......................... ~..~..~~.~...~..~~...~9~.~..~...~..~.~...~__~ .........................
..... ; ...............................................................................................
~ ~,~ ............................................................... : .............................................................................................. . .
: rene...~L...~r~,...~...co...a..~6..2Z3[_mr~ea~.,...~.~... ~ r~,..~..m..m...8..l[~7,..mm~t.,..~ ..........
~ T~a L. ~m, ~ to ~ 8 1/3% ~neeresr,
WITNESSETH:
Grantor irrevocabl~ ~rants, bargains, sells and conveys to trustee in trust, with power of sale, the property
in ...... .J~ ................................ Count~, Ore,on, described
Beginning at a point South 89° 53' West, 204.0 feet, from the
intersection of the North side line of "B" Street, with the West side
line of Mountain Avenue, in the City of Ashland, Jackson County,
Oregon, at the Southwest corner of tract described in Volume 207,
Page 58, Jackson County, Oregon, Deed Records; thence South 89° 53'
West, 115.90 feet, along the North side line of 'B" Street; thence
North 0° 11' West, 163.4 feet, to the Westerly line of said tact
described in Volume 207, Page 58, said Deed Records; thence South 35°
30' East, along said line, 200.5 feet, to the point of beginning.
together with all and singular the tenements, hereditaments and appurtenances and all other rights thereunto belonging or in anywise
now or hereafter appertaining, and the rents, issues and profits thereo~ and all fixtures now or hereafter attached to or used in connec-
tion with said real estate.
FOR THE PURPOSE OF SECURING PERFORMANCE at each a~reement of ~,rantor herein contained and payment o! the
.............................................. Dollars, with interest thereon according to the terms ota promissory
note of even date herewith, payable to beneficiary or order and made by grantor, the final payment of principal and interest hereot, it
not sooner paid, to be due and payable ..Nove[Dber ................................................ 19.91 ....
The date of maturity of the debt secured by this instrument is the date, stated above, on which the tinal installment of said note
becomes due and payable. In the event the within described property, or any part thereof, or any interest therein is sold, agreed to be
sold, conveyed, assigned or alienated by the grantor without first having obtained the written consent or approval of the beneficiary,
then, at the beneficiary's option, all obligations secured by this instrument, irrespective of the maturity dates expressed therein, or
herein, shall become immediately due and payable.
The above described real property is not currently used for agricultural, timber er grazing purposes.
To protect the security of this trust deed, grantor agrees:
1. To protect, preserve and maintain said property in ~ood condition
and repair; not to remove or demolish any buildinl~ or improvement thereon;
no/ to commit or permit any waste Gl said property.
2. To complete or restore promptly and in ~ood and workmanlike
manner any buildin~ or improvement which may be constructed, damaged or
destroyed thereon, and pay when due all costs incurred therelor.
3. To comply with all laws, ordinances, regulations, covenants, condi-
tions and restrictions aitectin~ ~aid property; i~ the beneliciary ~ requests, ~o
~oin in executln~ such tinancln~ statements pursuant to the Unilor~ Con]mer-
cla] Code as the beneliciary may require and to pay ~or JiJin~ ~me in the
proper public ollice or oHices, as well as the cost of all lien searches made
by tilin~ ollicers or searchin~ a~encies as may be deem~ desirable by the
benellciary.
4. To provide and continuously nlaintain insurance on the
now or herealter erected on the ~id premises adalnst loss or damage by tire
and such other hazards as the beneliciary ~ay lrom time to time require,
an amoun~ not less than $ ......................... , written
companies acceptable to the beneticiary, with loss payable to the latter; all
policies at insurance shall be delivered to the benellciary as s~n as insured;
il the ~rantor shall tail lor any rea~n to procure any such insurance and to
deliver said policies to the beneticlary at least ~itteen days prior to the expira-
tion at any policy at insurance now or herealter placed on said buildlnSs,
the beneticiary may procure the same at ~rantor's expense. The amount
collected under any tire or other insurance policy may be applied by beneti-
clary upon anyindebtedness secured hereby and in such order as benetlciary
may determine,or at option al benetlclary the entire amount so collected, or
any part thereat, may be released to 8rantor. Such application or release shall
not cure or waive any delault or notice al detault hereunder or invalidate any
act done pursuant to such notice.
5. To keep said premises lree lrom construction liens and to pay ail
taxes, assessments and other charSes that may be levied or assessed u~n or
aSainst said property belore any part at such taxes, assessments and other
charges become past due or delinquent and promptly deliver receipts theretor
to beneliclary; should the ~rantor Jail to make payment at any taxes, assess-
ments, insurance premiums, liens or other char~es payable by ~rantor, either
by direct payment or by providin8 beneticiary with lends with which to
make such payment, benetlciary may, at its option, make payment thereat,
and the amount ~ paid, with interest at the rate set torth in the note secured
hereby, to~ether with the obligations described in paragraphs 6 and 7 of this
trust deed, ~hall be added to and become a part o~ the debt secured by this
trust deed, without waiver al any rights arlsln8 /rom b~each oI any al the
covenants hereot and tar such payments, wth interest as atoresaid, the prop-
erty hereinbetore described, as well as the grantor, shall be bound to the
same extent that they are bound Jar the payment o~ the obligation herein
described, and aH such payment~ shall be immediately due and payable with-
out hal/ce, and the nonpayment thereof shall, at the option at the benetlclary,
render all sums secured by this trust deed immediately due and payable and
constitute a breach o~ this trust deed.
~. To pay all costs, tees and expenses at this trust includin8 the cost
at title search as well as the other costs and expenses al the trustee incurred
in connection with or in entorcin8 this obliSation and trustee's and attorney's
tees actually incurred.
7. To appear in and detend any action or proceedin8 pur~rtln8 to
aHect ihe security rights or ~wers al benetlciary or trustee; and in any suit,
action or proceedin~ in which the beneticiary or trustee may appear,
any ~ult Jar the toreclosure at this deed, to pay all costs and e~penses,
cludin8 evidence al title and the beneticiary's or trustee's attorney's tees; the
amount at attorney's Ices mentioned in this paragraph 7 in ali cases shall be
tlxed by the trial court and in the event at an appeal tram any ~udSment or
decree at the trial court. ~rantor turther a~rees to pay such sum as the ap-
pellate court shall adjudge rea~nable as the beneJiciary's or trustee's attor-
ney's tees on such appeal,
It is mutually aSreed that:
8. In the event that any ~rtion or all at said property shall be taken
under the right at eminent domain or condemnation, beneticiary shall have the
right, it it so elects, to require that all or any portion al the monies payable
a~ compen~atlon tar such takln~, which are in excess at the amount required
to pay all reasonable costs, e~penses and attorney's tees n~essarily paid or
incurred by ~rantor in such proceedln~5, shall be paid to beneliciary and
applied by it first upon any reasonable costs and expenses and attorney's tees,
both in the trial and appellate courts, necessarily paid or incurred by bene-
tlclary in such proceedings, and the balance applied upon the indebtedness
secured hereby; and ~rantor a~rees, at its own e~pense, to take such actions
and execute such instruments as shall be necessary in obtainln8 such com-
pensatlon, promptly upon beneticlary's request.
9. At any time and tram time to time upon written request at bene-
Jiclary, payment al its tees and presentation at this deed and the note
endorsement (in case at tull reconveyances, tar ca~ellatlon), without attectin~
the liability at any per~n tar the payment at the indebtedness, trustee may
(a) consent to the makln~ at any map or plat at said property; (b) ioln
8rantln8 any easement or creatin8 any restriction thereon; (c) join in any
subordination or other a~reement atlectin~, this deed or the lien or charge
thereat; (d) reconvey, without warranty, all or any part of the property. The
~rantee in any reconveyance may be described as the "person or per~ons
legally entitled thereto," and the recitals there~n at any matters or tact~ ~hall
be conclusive prat at the truthtulness thereat. Trustee'~ tees lot any at the
services mentioned in this paragraph ~hall be not less than
10. U~n any detault by ~rantor hereunder, benetlciary may at any
time without notice, either in person, by adent or by a receiver to be ap~
pointed by a court, and without re~ard to the adequacy at any security tar
the indebtedness hereby secured, enter upon and take possession at ~aid prop-
ert~ or an~ part thereol, in its own name sue or otherwise collect the rent~,
issues and prolits, includin~ those past due and unpaid, and apply the same,
less costs and expenses at operation and collection, includin~ reasonable attor-
ney's tees upon any indebtedness secured hereby, and in such order as bvne-
ticlary may determine.
Il. The enterln~ upon and takln~ possession Gl said property, the
collection ot such rents, issues and protlts, or the pr~eeds ot t~re and other
insurance ~Iicies or compensation or awards Ior any takin~ or damaRe at the
property, and the application or release /hereo/ as aloresaid, shall not cure or
waive any delault or notice at detault hereunder or invalidate any act done
pursuant 1o such notice.
12. Upon deiault by ~tantor in payn~ent Gl any indcbtedne~ ~ecutt,d
hereby or in his performance ot any a~reetnent hereunder, the beneticiary may
d~lare all sums secured hereby immediately due and payable. In such an
event the benetlclary al his election may proce~ lo /oreclose this trust deed
in equity as a mortgage or direr the trustee to loreclo~e this trust deed by
advertisement and sale. In the latter event the benetlclary or the trustee shall
e~ecute and cause to be recorded his written notice al detault and his election
to sellthe ~aid de~crlbed real property to ~atisty the obli~atlon secured
hereby whereupon the trustee shah tix the time and place at sale. Rive notice
thereatas then required by law and proceed to torec/ose this trust d,~ed
the manner provided in ORS 86.735 to 86.795.
13. Alter the trustee has commenced toreclosure by advertisement and
sale, and al any llme prior to 5 day~ betore the date the trustee conducts
sa/e, the ~rantor or any other per~n ~ privileged by ORS 86.753, may cure
the detault or detaults. It the deIault consists at a tailure to pay, when due,
sums secured by the trust deed, the default may be cured by payin~ the
entire amount due at the tltne at the cure other than such portion a5 would
not then be due had no delault ~curred. Any other delault that is capable
bein~ cured n]ay be cured by tenderin~ the perlormance required under the
obligation or trust deed. In any case, in addition t~ curin~ the detault
delaults, the per~n ettectin~ the cure shall pay lo the beneticiary all
and expenses actually incurred in enlorcin~ the obli~atlon at the trust deed
to~ether with trustee's and attorney's fees not e~ceedin~ the amounts provided
by law.
l$. Otherwise. the sale shall be held on the date and al the llme and
place designated in the no/ice at sale or the time to which said ~ale may
be ~s/~ned as provided by law. The trustee ma~ ~ell said properly either
in one parcel or in separate parcels and shall sell the parcel or parcel5 at
auction to the hi~hest bidder /or cash, payable at the time al sale. Trustee
shall deliver to the purchaser ils deed in tara a~ required by law conveyln~
the property so ~ld, but w~lhout any covenant or warranty, express or
plied. The recitals in the deed al any matters at lact shall be conclusive prool
at the truthtulness ther~t. Any per,n, excludin~ the trustee, but includln~
the ~rantor and beneliciary, may purchase at the sale.
15. ~hen trustee sells pursuant ~o the ~wers provided herein, trustee
shall apply the proceeds at ~le to payment at (l) the e~penses at sale, in-
cludin~ the compen~tlon al the trustee and a reachable charge by tru~tee'~
attorney, (2) to the obli~ation s~ured by the trust deed, (3) to all persons
havln~ recorded liens subsequent to the interest al the trustee in the trust
deed as their interests may appear in the order at their priority and (4) the
surplus, it any. to the ~rantor or to his ~ucces~r in interest entitled to such
surplus.
16. Beneticlary may Irom time to time ap~int a successor or succes-
~rs ~o any trustee named herein or to any succes~r trustee appointed here-
under. Upon such ap~intment, and without conveya~e to the successor
trustee, the latter shall be vested with all lille, ~wers and duties conterred
upon any trustee herein named or ap~inted hereunder. Each such ap~intment
and substitution shall be made by written instrument e~ecuted by beneliciary,
which, when r~orded in the mortgage records at ~he county or counties in
which the properly is situated, shall be conc~slve prat al proper appoinl~nemt
at the ~ucces~r trustee.
17. Trustee accepts this trust when this deed, duly e~ecuted and
ack~wled~ed is made a public r~ord as provided by law. Trustee is not
obligated to notity any party hereto at pendin~ ~le under any other deed at
trust or at any action or pr~eedin~ in which ~rantor, benetlciary or trustee
shall be a party unless such action or proceedin~ is brought by
NOTE: The Trust Deed Act provides that the trustee hereunder must be either an attorney, who is on active member of the Oregon State Bar, o bank, trust company
or savings and loan association authorized to do business under the laws of Oregon or the United States, a title insurance company authorized to insure title to real
property of this slate, its subsidiaries, affiliates, agents or branches, the United States or any agency thereof, or an escrow agent licensed under ORS 696.505 to 696.585.
The ~,rantor covenants and agrees to and with the beneficiary and those claimint~ under him, that he is law-
fully seized in fee simple of said described real property and has a valid, unencumbered title thereto
and that he will warrant and forever defend the same ai~ainst all persons whomsoever.
The i}rantor warrants that the proceeds o! the loan represented by the above described note and this trust deed are:
(a)* primarily tot i}rantor's personal, tamily or household purposes (see Important Notice below),
(b) tar an ori}anizatlon, or (even it i}rantor is a natural person) are tar business or commercial purposes.
This deed applies to, inures to the benefit at and binds all parties hereto, their heirs, let~atees, devisees, administrators, executors,
personal representatives, successors and assigns. The term beneticiary shall mean the holder and owner, includini} pledl~ee, off the contract
secured hereby, whether or not named as a beneficiary herein. In construlni} this deed and whenever the context so requires, the masculine
i}ender includes the teminine and the neuter, and the sin~,ular number includes the plural.
IN WITNESS WHEREOF, said tJrantor has hereunto set his hand the day and year first above written.
The City of Ashland, a municipal corporati(
* IMPORTANT NOTICE: Delele, by lining out, whichever warranty (a) or (bi is
not applicable; if warranty (a) is applicable and tho beneficiary is a creditor
as such ward is defined in the Truth-in-Lending Act and Regulatian Z, the
beneficiary MUST comply with the Act and Regulation by making required
disclosures; for this purpose use Stevens-Ness Form No. 1319, or equivalent.
If compliance with the Act is not required, disregard this notice.
(If the signor of tho above ts a corporalion,
uss the form of acknowbdgemont opposito.)
STATE OF OREGON, )
County at .................................
This instrument was acknowledi}ed betore me on
........................................ ,19 by
Notary Public tar Oration
(SEAr.)
My commission expires:
by Nan E. Fr'akklin, dity Recorder
STATE o~ OREaO~,
) SS.
County or_ Jo&son ............................ ~ove~er
This instrument was acknowledl~ed b. etore me on .................... . ................ ,
as }~or and C±?Z Recorder, rest~ect~veZy
Stae_o.f_.O egon
Notary Public tor Oreion
My commission expires:
(SEAr.)
REQUEST FOR FULL RICONVEYANCE
Te be usod only whon obligations have boon paid.
TO: ........................................................................................ , Trustee
The undersii}ned is the let}al owner and holder at all indebtedness secured by the torei}oini} trust deed. All sums secured by said
trust deed have been tully paid and satisfied. You hereby are directed, on payment to you of any sums owlni} to you under the terms o!
said trust deed or pursuant to statute, to cancel all evidences at indebtedness ~ecured by said trust deed ('which are delivered to you
herewith roi}erbar with said trust deed) and to rec*onvey, without warranty, to the parties designated by the terms at said trust deed the
estate now held by you under the same. Mail reconveyance and documents to .....................................
DATED: ....................................... 19 ..........
Beneficiary
De not Ia# or destroy this Trust Dood OR THE NOTE which it socuros, Both must be dollvorod te the trustoo for cancollation before reconveyance will be mode.
TRUST DEED
(FORM No. 861)
STEVENS-NEll LAW PUS. co.. PORTLAND. ORE.
Grantor
~eneficiary
~ -- AFTER R~ECORDIN~ R~ETURI~ T(D .....
Robert B. Johnson ~x ~atrzcza ~aM} dormson
191 Timberlake Dr. Ashland ORIJ97520
Irene W. Laird, Klm W. Laird, &J~ana L. Mason
£ 0._ Box_ 636_Ashland_OR925~R0
SPACE RESERVED
FOR
RECORDER'S USE
STATE OF OREGON, ~ ss
County of .......................................... } '
I certify that the within instrument
was received for record on the ............ day
of ...................................................... 19 ........ ,
at ................ o'clock ...... M., and recorded
in book/reel/volume No ..................... on
page .......................... or as tee/file/instru-
ment/microfilm/reception No ................. ,
Record of Mortgages ot said County.
Witness my hand and seal of
County aHixed.
NAME TITLE
By .................................................... Deputy
CRATER TITLE
COLLECTION ESCROW INSTRUCTIONS
from
KlM W. LAIRD AND TANA L. MASON
IRENE W. LAIRD
PATRICIA KAY dOHNSON
ROBERT B. JOHNSON
CIO 191TIMBERLAKE
ASHLAND,OREGON, 97520
CITY OF ASHLAND
CITY HALL
ASHLAND,OREGON,
97520
TO: CRATER TITLE INSURANCE CO.
(accepted' date
initials )
I. DOCUMENTS. The undersigned hand you herewith the following, which
are to be held by you for delivery to the obligor or order upon full performance
accordance herewith:
NOTE AND TRUST DEED REQUEST FOR FULL RECONVEYANCE
II. AMOUNT TO BE PAID THROUGH YOU, AND TERMS OF PAYMENT
Make your computations based on aG5 day logic
Principal balance unpaid: $12,000.00 Dollars. Interest at 10 per cent per annum
from ..... until paid,payable in annual installments of not less
than $3,000.00 in any one payment; interest to be paid annually and is included in
the minimum payments above set forth; the -First payment to be made on the ___ day
of and a like payment on the same day of each year thereafter,
until the whole sum, principal and interest has been paid. If not sooner paid, the
entire balance is due on 19
III. DISPOSITION OF PROCEEDS: Pay to the order of payees. Pending other
instructions make disbursements as follows:
PAY GG 2/B PER CENT TO ROBERT B. JOHNSON AND PATRICIA KAY JOHNSON, HUSBAND AND
WIFE, AT 191TIMBERLAKE DRIVE, ASHLAND, OREGON 97520 PAY 1G 8/3 PER CENT TO IRENE
W. LAIR[) AT P. O. 80X G3G, ASHLAND, OREGON, 97520 PAY 8 1/3 PER CENT TO KIM W.
LAIRD AT 8150 S. W. BARNES ROAD ~K-207, PORTI. ANO, OREGON 97225 PAY 8 1/3 PER
CENT TO TANA L. MASON AT 231 WILLIAMS AVENUE NORTH, RENTON, WASHINGTON 98055
IV. MULTIPLE PMTS OR OVERPAYMENTS. Multiple payments received with multiple coupons
will be posted as such. Any other scheduled or unscheduled overpayments shall be
disbursed as directed above unless other instructions are given here:
THOSE DISBURSEMENT INSTRUCTIONS MARKED WITH ~ MAY NO'[ BE CHANGED WITHOUT WRITTEN
INSTRUCTIONS FROM ALL PARTIES, AND CONSTITUTE CONDITIONS OF PAYMENT THROUGH YOU.
Apply payments received to disbursements in the order set forth in these
instructions. At any time, escrow agent may in its discretion withhold
disbursement of an unscheduled payment until receipt of written instructions from
all parties for the disbursement thereof. YOUR SET UP FEE IS TENDERED HEREWITH.
YOUR PERIODIC CHARGES ARE TO 8E PAID 8Y PAYEE. You may not change your periodic
charges without 90 days written notice to the affected party.
THOSE ADDITIONAL TERMS CONI'AINED ON EXHIBIT A TO THESE INSTRUCTIONS ARE
INCORPORATED HEREIN 8Y THIS REFERENCE. THE PARTIES HAVE READ THE SAME AND AGREE
';'HAT THEY SHALL GOVERN THE ADMINISTRATION OF THIS COLLECTION ESCROW.
DATED: /I 19
PAYEE'S SS NO.'
OBLIGOR'S SS NO.:
THE TAXPAYER I,D. NUMBERS FURNISHED HEREIN ARE CORRECT, AND THE PERSON FURNISHING
SUCH NUMBER SO STATES UNDER PENALTY OF PERdURY.
SELLER/PAYEE
BUYER/OBLIGOR
CRATER TITLE
Robert B. Johnson
City of Ash'iand By: L. Gordon Mmdaris, Mayor
Patricia Kay Johnson
City of Ashl'and By: Nan E. Franklin, City
Recorder
Irene W. Laird
Kim W. Laird by Irene W. Laird as
Attorney-in-fact
Tana g. Mason, by Irene W. Laird as
Attorney-in-Fact