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Home My WebLink About1983-091 Title Insurance PolicyRBNALD L, SALTER ATTORNEY AT LAW 94 THIRD STREET ASHLAND, OREGON 97520 (503} 482-42~5 Mr. A1 Alsing Director of Public Works City Hall Ashland, OR 97520 May 17, 1983 Re: Our File A-1 Dear A1: Enclosed is a title insurance policy in favor of the City insuring an easement. The policy is somewhat cluttered with exceptions and unpaid taxes and if you need any assistance or have any questions please let me know. Very truly yours, L. SALTER City Attorney RLS/ks Enc. 1 Amount $ 2,000.00 SCHEDULE A Date Hay 2, 1983 INSURED At 11:47 A.M. CITY OF ASHLAND a municipal corporation of the State of Oregon The estate or interest referred to herein is, at the date hereof, vested in CITY OF ASHLAND a municipal corporation of the State of Oregon an estate in fee simple The land referred to in this policy is described as An easement for installation and maintenance of a water transmission line and its related appurtenances as granted in instrument recorded as Document No. 83-06683, Official Records of Jackson County, Oregon, over and across the following described tracts: Beginning at 3/4 inch iron pin being the Southwest corner of Lot Fourteen (14) of Madison Subdivision to the City of Ashland, Jackson County, oregon, according to the official plat thereof, now of record, being situated on the section line common to Sections 14 and 23, Township 39 South, Range 1 East of the Willamette Meridian said County and State; thence North 89° 49' 45" West along the line common to said Sections 14 and 23 a distance of 102.50 feet; thence leaving said line North 16° 58' 37" East, 355.97 feet to the West right of way of Clay Street; thence along said West right of way South 00° 16' 50" West, 32.87 feet to a found 5/8 inch iron pin; thence North 25° 38' 51" East, along the terminus of Clay Street, 70.03 feet; thence South 16° 58' 37" West 366.79 feet; thence South 89° 49' 45" East, 75.60 feet to the West line of said Lot 14; thence along said line South 00° 15' 52" West, 20.00 feet to the point of beginning. ALSO, a strip or parcel of land 20.00 feet in width lying 10 feet on each side of the following described center line: Commencing at the Northeast corner of Lot Nineteen (19) in "Bellevue" on Sections 14 and 15 in Township 39 South, Range 1 East of the Willamette Meridian, Jackson County, Oregon, according to the official plat thereof, now of record and being on the West right of way of Clay Street; thence South 00° 16' 50" West, along said West right of way, 10.00 feet to the point of beginning; thence leaving said right of way South 89° 53' 25" West (plat record South 89° 52' West) parallel to and 10.00 feet Southerly of the North line of said Lot 19, when measured at right angles therefrom, a distance of 500.00 feet to the terminus of this easement. .*GE Z OF.OUCY.O. CTI - 55318 TI 28 Oregon Land Title Association Standard Coverage Policy SCHEDULE B This policy does not insure against loss or damage, nor against costs, attorney's 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 1 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 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. 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, orclaims thereof, which are not shown by the public records; un- patented 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. o 1981-82 real property taxes - $140.84, delinquent. 1982-83 real property taxes - $146.84, due plus interest. The above figures do not reflect state tax relief. Code 5-11 Account 1-10176-3 Map 39 1E 14CC Tax Lot 1300(part) 1981-82 real property taxes - $1,317.20, delinquent. 1982-83 real property taxes - $1,483.33, due plus interest. The above figures do not reflect state tax relief. Code 5-11 Account 1-66976-3 Map 39 1E 14CC Tax Lot 1301(part) 1981-82 real property taxes - $3.55, delinquent. 1982-83 real property taxes - $4.35, due plus interest. The above figures do not reflect state tax relief. Code 5-1 Account 1-66343-6 Map 39 1E 14CC Tax Lot 1301(part) 6. The assessment roll and the tax roll disclose that the within described premises were specially assessed as farm land. If the land has become or becomes disqualified for the special assessment under the statute, an additional tax and interest and/or penalty may be levied retroactively. 7. These premises are situated in the Talent Irrigation District, and subject to the levies and assessments thereof, water and irrigation rights, easements for ditches and canals and regulations concerning the same o 8. A perpetual easement and right of way for an irrigation canal 30 feet in width, granted the Talent Irrigation District by instrument recorded in Volume 154, Page 13, Jackson County, Oregon, Deed Records. (Specific location not given.) (continued) Page 3 of Policy No. CTI - 55318 TI 30 (continued) 9. Easement for transmission and distribution of electricity, granted the California Oregon Power Company, as set forth in Volume 330, Page 464; Volume 372, Page 398 and Volume 502, Page 443, Jackson County, Oregon, Deed Records. 10. A Mortgage, including the terms and provisions thereof, executed by Bob F. Noel and Mary A. Noel, husband and wife, to United States National Bank of Oregon, Ashland Branch, dated June 25, 1973, recorded July 2, 1973, as Document No. 73-10142, Official Records of Jackson County, Oregon, given to secure payment of a note for $40,000.00, with interest thereon. (Includes additional property.) 11. A Trust Deed, including the terms and provisions thereof, dated no month or day given) 1980, recorded November 20, 1980, as Document No. 80-23962, Official Records of Jackson County, Oregon, given to secure payment of a note, with interest thereon. (Includes additional proper ty. ) Grantor(s): Trustee: Beneficiary: Amount: Mer ilyn Coe Lawyers Title Insurance Corporation Bob F. Noel and Mary Alice Noel as tenants in common $80,000.00 Page 4 of Policy No. CTI - 55318 Rabng Bureau for Title Insurance Companies in Oregon OWNER'S INFLATION PROTECTION INDORSEMENT Attached to Policy No. CTI - 55318 Issued by First American Title Insurance Company o£ Oregon A n assumed business name of TITLE INSURANCE COMPANY OF OREGON 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: 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. "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 Indorsement is attached, and on each succeeding January 1. 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 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 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. 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. PRESIDENT AT SECRETARY TI 77 504 West Main St. Phone 779-7250 Medford, Oregon 97501 CRATER TITLE INSURANCE CO. all of Jackson Countv 41~& 33 5-11 (LOT 19) 485 East Main St. Phone 482-400~ Ashland. Oregon 97520 (LOT !18) 15OO 14 TWP __SEC ~ ~C., THIS SKETCH IS FOR LOCATION PURPOSES ONLY. NUMBERS ON SKETCH ARE COMPANY NUMBERS & NO LIABILITY IS ASSUMED FOR VARIATIONS DISCLOSED BY SURVEY OR COUNTY RECORDS. ~