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Home My WebLink About1984-053 Warranty Deed - Christian Asso.84.-0257 WARRANTY DEED KNOW ALL MEN BY THESE PRESENTS, that the YOUNG MENS CHRISTIAN ASSOCIATION OF ASHLAND, OREGON, INC., an Oregon Corporation, hereinafter called the "Grantor", for the consider- ation hereinafter stated, grants, bargains, sells and conveys unto the CITY OF ASHLAND, OREGON, a Municipal Corporation of the State of Oregon and to its successors and assigns, hereinafter called the "Grantee", that certian real property, with the tenements, hereditaments and appurtenances thereunto belonging or appertaining, situated in the County of Jackson, and State of Oregon, described as Tax Lot 391E 12 307, and more particularly describedon Exhibit "A" which is attached hereto and incorporated herein. TO HAVE AND TO HOLD the same unto the said Grantee and Grantee's successors and assigns forever. And said Grantor hereby covenants to and with said Grantee and Grantee's successors and assigns that Grantor is lawfully seized in fee simple in the above-granted premises, free and clear of ~all encumbrances and that Grantor will warrant and forever defend the said premises and every part and parcel thereof against the lawful calims and demands of all persons whomsoever. The true and actual consideration paid for this transfer stated in terms of dollars, is TWENTY THOUSAND DOLLARS ($20,000.o0). In construing this Deed and where the context still requires, the singular includes the plural and all grammatical changes shall be implied to make the provisions hereof apply equally to corporations and individuals. This instrument does not guarantee that any particular use may be made of the property described in this instrument. A buyer should clheck with the appropriate City or County Planning Department to verify approved use. III -1- Warranty Deed RFINALD L. SALTER ATTORNEY AT L.~.W 94 THIRD STREET ASHLAND, OREGnN 9752D 84-02576 IN WITNESS WHEREOF the Grantor has executed this instrument the l~ day of ~.~. , 1984. Jackson County, Oregon Recorded OFFICIAL RECORDS ?.'0/FEB 1 ? 1984,~.~. KATHLEEN S. BECKETT CLE. BK pnd ~EC. ORDER '~__~~ ~_, Deputy YOUNG MENS CHRISTIAN ASSOCIATION OF ASHLAND, OREGON, INC. President By/_ ~---~ ~' "-~ ~ ar L 1~1 E ~e~terman, Secret y STATE OF OREGON ) : SS. County of Jackson ) ' /~7 / , BE IT REMEMBERED that on thzs/~ day of . ). , 1984 before me the undersigned, a Notary Public in and for said County and State, personally appeared LINDA GREENE, President, and PAUL E. WESTERMAN, Secretary, of YOUNG MENS CHRISTIAN ASSOCIATION OF ASHLAND, OREGON, INC., an Oregon Corporation, who are known to me to be the said individuals who executed the within instrument, having acknowledged to me that they executed the same freely and voluntarily. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year last written. MARILYN BAILEY NOTARY PUBLIC - OREGON EXHIBIT "A" Commencing at the East-Southeast corner of Donation Land Claim No. 52, Tow~nship 39 Sough, Range 1 East, Willamette Meridian, Jackson County, Oregon; thence North 0°14'15'' East, 271.10 feet; thence North 39o32' West, 46.90 feet to a 5/8" iron pin located on the West boundary of the Dead Indian County Road; thence along said West boundary, North 0°14'15'' East, 781.59 feet; thence North 39o32' West, 1770.59 feet, to a 5/8" iron pin located on the Northeasterly line of tract described in Volume 576, page 172, Jackson County, Oregon, Deed Records; thence North 39°3Z'West, 219.96 feet, to the true point of beginning; thence North 15o07' East, 603.98 feet, to a point on the center line of Emigrant Creek; thence North 40o50' West, 110.04 feet; thence North 56o13' West, 97.57 Date of Policy: Policy No. Order No. February 17, 1984, at 9:01 A.M. 93-81-003-344 LA-20895 SCHEDULE A Amount of Insurance: Charge: $ 20,000.00 $ 165.00 1. Name of Insured: CITY OF ASHLAND, OREGON, a municipal corporation of the State of Oregon, 2. The estate or interest referred to herein is at Date of Policy vested in: CITY OF ASHLAND, OREGON, a municipal corporation of the State of Oregon, 3. The estate or interest in the land described herein and which is covered by this policy is a fee. SCHEDULE B This policy does not insure against loss or damage, nor against costs, attorneys' fees or expenses, any or all of which arise by reason of the matters shown or referred to in this Schedule except to the extent that the owner of any mortgage or deed of trust is expressly insured on page I of this policy. 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assess- ments 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. 2. 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. 3. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records; unpatented mining claims: reservations or exceptions in patents or in Acts authorizing the issuance thereof: water rights, claims or title to water. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments or any other facts which a correct survey would disclose. 5. That part lying within public or private roads. (Continued on Page 2 of Schedule B) 061-0-093-0002A Rating Bureau for Title Companies in Oregon Standard Coverage Policy SCHEDULE B cont'd. 6. Easement for pipe line, for the purpose of carrying water or gas, and rights in connection therewith, granted to the City of Ashland, a municipal corporation, by instrument recorded in Volume 109 page 203 of the Deed Records of Jackson County, Oregon. 7. Rights of way for pole and wire line, and rights in connection therewith, granted to The Pacific Telephone and Telegraph Company, by instrument recorded in Volume 280 page 38 of the Deed Records of Jackson County, Oregon. 8. Right of way for the transmission and distribution of electricity, and for other purposes, granted to The California Oregon Power Company, a California corporation, by instrument recorded in Volume 360 page 197 of the Deed Records of Jackson County, Oregon. 9. Easement 60.0 feet in width along the southwesterly line for the purposes of ingress and egress, as reserved in deed filed September 19, 1968, as No. 68-09414 of the Official Records of Jackson County, Oregon. Schedule B Page 2 _No. 93-81-003-344 Litho in U.S.A. American Land Title Association Loan Policy 1970 With Street Improvement Assessment Coverage or California Land Title Association Standard Coverage Policy 1973 SCHEDULE C Thelandre~rredtointhisPolicyisdescribedas~llows: Commencing at the east-southeast corner of Donation Land Claim No. 52 in Township 39 South, Range 1 East of the Willamette Meridian in Jackson County, Oregon, thence North 0°14'15'' East 271.10 feet, thence North 39032' West 46.90 feet to a 5/8" iron pin located on the west boundary of the Dead Indian County Road, thence along said west boundary, North 0°14'15'' East, 781.59 feet, thence North 39o32' West 1770.59 feet to a 5/8" iron pin located on the northeasterly line of tract described in Volume 576 page 172 of the Deed Records of Jackson County, Oregon, thence North 39°32' West 219.96 feet to the true point of beginning; thence North 15o07' East 603.98 feet to a point on the center line of Emigrant Creek; thence North 40050' West 110.04 feet; thence North 56o13' West 97.57 feet; thence, leaving said creek, South 15°07' West 86.43 feet to a 5/8" iron pin on the South bank of said creek; thence South 15°07' West 480.13 feet to a 5/8" iron pin; thence South 39032' East 225.13 feet to the true point of beginning. (Code 5-4, Account #1-11542-0, Map #391E12, Tax Lot ~307) (Code 5-12, Account #1-57395-6, Map #391E12, Tax Lot ~307) 061-0-075-0004 ENDORSEMENT The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional monetary protection to theInsured 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 Endorsement, 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 Endorsement 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 maximum amount of insurance provided by said Policy (as said amount may have been increased theretofore under the terms of this Endorsement) 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 exceeds the highest Index number for the month of September in any previous year which is subsequent to Date of Policy; provided, however, that the maximum amount of insurance in force shall never exceed 150% of the amount of insurance stated in Schedule A of said Policy, less the amount of any claim paid under said Policy which, under the terms of the Conditions and Stipulations, reduces 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 endorsement is made a part of said Policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. IN WITNESS WHEREOF, the Company has caused this endorsement to be signed and sealed, to be valid when countersigned by an authorized officer or agent of the Company, all in accordance with its By-Laws. [%wyers tle Insurance l rpomtion President Attest: oacF~q~ Co~nty_~itle Divisi~j'... * ..';-~/ Secretary Authorized Officer or Agent OWNER'S INFLATION PROTECTION ENDORSEMENT NE COR DL C 48 311 LAWYERS T! 502 W. E'A!?i / / / / / / WSW COR 50 ' / 4 314" 0 313 304 301 \ x ,./,~ -x 3{0 SUMNER PAI~KE R . .~IELD .' ASH=AN'B, MUNICIPAL 7OO "tgi '''''~ GOV co. LOT 600 7 ESCROW SETTLEMENT STATEMENT kU)yelX tle Insurance ( 3rporation ESCROW NO. LA-20595 TO: Seller: YMCA of Ashland~ Oregon, Inc. City of Ashland DOCUMENTS RECORDED 02/16/84 PROPERTY 39 1E 12, tax lot 307, "Airport Property" CHARGES CREDITS CONSIDERATION OR SALES PRICE $ 20.000 DO $ Paid outside of Escrow to Earnest money Deposits 20,064 00 Existing Loan/Contract Balance New Contract of Sale Between 1st Trust Deed/Mortgage in favor of PRORATIONS MADE AS OF 02/15/84 Taxes 19~q,q - ~,4 $246.85 From 2/15 to 6/30 93 94 Insurance Prem. $ From to Interest on $ @ From to Rent @ $ per From to Rent Deposits Reinbursement of Reserve Account Balance COMMISSION PAID TO COMMISSION PAID TO POLICY OF TITLE INSURANCE PREMIUM Recording ~JS. 00 Deed Trust Deed__Memo of Contract 5 ~)0 Recording Mortgage Reconveyance Satisfaction ESCROW FEE ½ each of $100 50 00 Additional Services Fee TAXES PAl D City Liens NEW LOAN CHARGES BY Loan Fee $ Credit Report $ FHA Mtg. $ Tax Res. $ Ins. Reserve $ Survey $ Tax Service $ $ $ Interest @ $ From to $ TOTAL OF LOAN CHARGES PRINCIPAL PAID TO Interest @ $ From to Trustees fee for preparation of Reconveyance LESS RESERVE ACCOUNT BALANCE PRINCIPAL PAID TO Interest @ $ From to COLLECTION SET UP FEE n~po~ited to ~crow Feh. !4; !qfi4 fi4 94 Balance due LAWYERS TITLE INSURANCE CORPORATION Balance due you for which our check is enclosed TOTALS $ 20,14894 $ 20,148 94 [] 375 LITHIA WAY, SUITE 3 · P.O. BOX 550 · ASHLAND, OREGON 97520 * (503) 488-2240 // [] 1225 CRATER LAKE AVENUE, SUITE 104 * MEDFORD, OREGON 97504 · (503) 779-9599 I~ll I IT1 BRANCH OFFICE; Jackson mnly'Iitle Diuision [a u yers tle Insurance ( )rporation 375 LITHIA WAY SUITE 3 · P.O. BOX 550 · aSHlaND, OREGON 97520 · (503) 488-2240 City of Ashland Attn: Brian Almquist Ashland City Hall Ashland, OR 97520 Date Feb. 23, 1984 Escrow No.L^-20895 We are pleased to advise that the above numbered escrow has been completed, and the following items are enclosed, as indicated: ( ) Our Check No. in the amount of $ ( ~ Escrow Settlement Statement. (~ Deed recorded Feb. 17, 1984 records of Jackson Original/Copy of Note dated () () as Document No. 84-02576 in the County. in the amount of $ Deed of Trust/Mortgage securing the above note recorded as Document No. in the records of (x) Policy of Title Insurance No. 93-81-003-344. County. Any other items in connection with this transaction will be forwarded to you as soon as they are available. We wish to thank you for this opportunity to be of service to you, and to assure you that if you have any questions regarding the enclosures, we will be happy to assist you. Sincerely, JACKSON COUNTY T~TL~Zi DIVISION Patricia Gray Escrow Technician HEAD OFFICE ADDRESS 502 WEST MAIN STREET · P.O. BOX 218 · BEDFORD, OREGON 97501 · 503/ 779-2811