Loading...
HomeMy WebLinkAbout1998-079 Trust Deed - Medinger (~t!/u~ ~o~JffO'T9~9~ 4-'0 ~ P.O. Box 70() (S/fl )!7()-()()~2 · · 217 N .E. "C" Street · Grants Pass, ()rcgon 97S28 (S41) 776-79<)""7 .' 800--6S<)-6172 · FAX (S41) 47()-()67S July 17, 1998 TO: City of Ashland, A TTN: Patrick Caldwell RE: Larry E. Medinger - 1297 Park St. -- Tax Lot #391E22400 Dear Mr. Caldwell, Please find enclosed our check in the amount of $34, 141.14, which represents payoff in full for the above loan. We ask that you give the original Note and Deed of Trust with the Request for Reconveyance to Jackson County Title Company #75763. We have prepaid the reconveyance fee. S.,i.ncerely yours, . r - ~ - [~ , ' I 1/ -"~ ,t' ... t/j \ L\.\.\.,'<'.'-~' ,-_1 ,'-"-'-' '- ,,' . Lynq Costantino LC/mm Approved by: !) ~ ESTABLISHED 1982 · REAL ESTATE Il\VESTNIENT PROGI{AMS \ 1DU PROMISSORY NOTE $62,250.00 Medford, Oregon June 8 , 1992 IjWE, JOINTLY AND SEVERALLY, PROMISE TO PAY TO THE ORDER OF CITY OF ASHLAND, a Municipal corporation AT PLACE DESIGNATED BY BENEFICIARY, THE SUM OF SIXTY TWO THOUSAND TWO HUNDRED FIFTY AND NOjlOO---- DOLLARS, WITH INTEREST THEREON AT THE RATE OF 9 PERCENT PER ANNUM FROM June 22, 1992 UNTIL PAID, PAYABLE IN ANNUAL INSTALLMENTS OF NOT LESS THAN $6,225.00 IN ANY ONE PAYMENT; INTEREST SHALL BE PAID ANNUALLY AND IS IN ADDITION TO THE MINIMUM PAYMENTS ABOVE REQUIRED; THE FIRST PAYMENT IS TO BE MADE ON THE 22 DAY OF June , 19~, AND A LIKE PAYMENT ON THE SAME DAY OF EACH YEAR THEREAFTER, UNTIL THE WHOLE SUM, PRINCIPAL AND INTEREST HAS BEEN PAID. IF ANY OF SAID INSTALLMENTS IS NOT SO PAID, ALL PRINCIPAL AND INTEREST TO BECOME IMMEDIATELY DUE AND COLLECTIBLE AT THE OPTION OF THE HOLDER OF THIS NOTE. IF THIS NOTE IS PLACED IN THE HANDS OF AN ATTORNEY FOR COLLECTION, I/WE PROMISE AND AGREE TO PAY HOLDER'S REASONABLE ATTORNEY'S FEES AND COLLECTION COSTS, EVEN THOUGH NO SUIT OR ACTION IS FILED HEREON; HOWEVER, IF A SUIT OR AN ACTION IS FILED, THE AMOUNT OF SUCH REASONABLE ATTORNEY'S FEES SHALL BE FIXED BY THE COURT, OR COURTS IN WHICH THE SUI~' OR ACTION, INCLUDING ANY APPEAL THEREIN, IS TRIED, HEARD OR DECIDED. THIS NOTE IS SECURED BY A DEED OF TRUST OF EVEN DATE HEREWITH WHICH CONTAINS A CONSENT CLAUSE. /~/ ~c~~~~ LARRY E. DINGER G VINCENT L. OREDSON ~ ~~ ~ ~J') ~'v \ 0" ((:$> i-I (? t"" -d7 t!~YJ I~.~~~"~T~'~'~~~:~~.~~~ "D"~"_"W~~~, THIS TRUST DEED, made this --.......~.~~,_____....____day of ______.________.__..~~~~.__.______.____.________. ___, 19_____~~_, between .--. --. .ViD.G~nt...L.~. __Qx::~$Qn.. pIJ.9__.L9XXY.. ,E.~.. .M~.(;:U.ng~T, __... _". __....... _.. __.. _ _ __ __....__. _ __....._. _ _. __. _... _.... __ __.. __., _ _ _. _ __ _... __.. _ _ __.. _. _.. _.. ___ -..----------.--..-------..-..---------------------------.-----.---------------------.-----..-.---------- ...--------.--------...-------------------------------------.-----------.-.-------..----------------------)1 as Grantor, .CQNTlNENTA-L.. .LAWYERS._. r:rr.LE.__C~ANX.. __., __ _. __ __ __ __'... __. __. _. __ __ _. .__... __ __.. __ __.. __ h _. __ __.. __ __ _. __..., as Trustee, and . --. ---. .ci.ty- __Qf. _A.$.DlaDd #. _' .a. . MlJD.ic.ip9J.. __GQ;rnQ+.'9,tiQIJ..... .h..... __.... .__... __.... h __ .___.... __. _.. __ __. _ ____ _ __.' _ _ __ _... __ h', __ _. _ _. __ _., _ _'.. __ _"'.'''' . -- --. ..whose__.address. _ _is.; -_ .2.0.. .N!'.. _Ma.in...S t!'.#....AS.bJ~Mq"'hQR__9.:Z .~.2Q. __ _. __ ___....... ____ ____ _h... _. _ ___.... _ h _ _ ____.. h. _ __.. __ __ __..__ _ _"'. __ oJ' as Beneficiary, WITNESSETH: Grantor irrevocably grants, bargains, sells and con veys to trustee In trust, with power 0/ sale, the property In .--.--.----__JacksOil__.__________.___hh_____County, Oregon, described as: i Parcel NO. 2 of Partition Plat recorded April 30, "Rea::>rd of Partition Plats" in Jackson County, Oregon, the Office of the Jackson County Surveyor. 1992, as Partition Plat No. P-51-1992 of and filed as Survey NO. 12959 in (Code 5-1, Portion Account #1-10251-8, Map #391E22, Portion Tax Lot #400) Grantor shall not assign their interest in the subject property until Grantor has paid at least a total of Twenty Thousand DJllars ($20,000.00) tcMards the purchase price of the property . 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 thereof and all fixtures now or hereafter attached to or used in connec- tion with said real estate. FOR THE PURPOSE OF SECURING PERFORMANCE of each agreement of grantor herein containt~d and payment of the sum of HSixtYTwOHrrh()USapc1, ~()HI-f~J:lclI:"E?c1__Xt~ty and no/100~---~--------------------------- --------------- ($62,250. .90) ---,---~--__~,~~__,~__~,___~_~Dollars, with interest thereon according to the terms 0/ a promissory note of even date herewith, payable to beneficiary or order and made by grantor, the final payment of principal and interest hereof, if not sooner paid, to be due and payable uponpmaturity , 19 The date of maturity of the debt securea by this instrument is the date, stated above, on which the final installment of said note becomes due and payable. To protect the security of this trust deed, grantor agrees: 1, To protect, preserve and maintain said property in good condition and repair; not to remove or demolish any building or improvement thereon; not to commit or permit any waste of said property. 2, To complete or restore promptly and in good and workmanlike manner any building or improvement which may be constructed, damaged or destroyed thereon, and pay when due all costs incurred therefor. 3. To comply with all laws, ordinances, regulations, covenants, condi- tions and restrictions affecting said property: if the beneficiary so requests, to join in executing such financing statements pursuant to the Uniform Commer- cial Code as the beneficiary may require and to pay for filing same in the proper public office or offices, as well as the cost of all lien searches made by filing officers or searching agencies as may be deemed desirable by the beneficiary. 4, To provide and continuously maintain insurance on the buildings now or hereafter erected on the said premises against loss or damage by fire :~d a:::~~nrt~~; ~~:a;t=n a$ tllnbsuf~blea\r~Tugme to time, r;~~~~~ j~ companies acceptable to the beneficiary, with loss payable to the latter; all policies of insurance shall be delivered to the beneficiary as soon as insured: if the grantor shall fail for any reason to procure any such insurance and to deliver said policies to the beneficiary at least fifteen days prior to the expira- tion of any policy of insurance now or hereafter placed on said buildings, the beneficiary may procure the same at grantor's expense, The amount coIlected under any fire or other insurance policy may be applied by benefi- ciary upon any indebtedness secured hereby and in such order as beneficiary may determine, or at option of beneficiary the entire amount so collected. or any part. thereof, may be released to grantor. Such application or release shaIl not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice, 5. To keep said premises free from construction liens and to pay all taxes, assessments and ether charges that may be levied or assessed upon or against said property before any part of such taxes, assessments and other charges become past due or delinquent and promptly deliver receipts therefor to beneficiary; should the grantor fail to make payment of any taxes, assess- ments, 'insurance premiums, liens or other charges payable by grantor, either by direct payment or by providing beneficiary with funds with which to make such payment, beneficiary may, at its option, make payment thereof, and the amount so paid, with interest at the rate set forth in the note secured hereby, together with the obligations described in paragraphs 6 and 7 of this trust deed, shaIl be added to and become a part of the debt secured by this trust deed, without waiver of any rights arising from breach of any of the covenants hereof and for such payments, with interest as aforesaid, the prop- erty hereinbefore described, as weIl as the grantor, shaIl be bound to the same extent that they are bound for the payment of the obligation herein described, and all such payments shall be immediately due and payable with- out notice, and the nonpayment thereof shall, at the option of the beneficiary, render all sums secured by this trust deed immediately due and payable and constitute a breach of this trust deed. 6, To pay all costs, fees and expenses of this trust including the cost of title search as well as the other costs and expenses of the trustee incurred in connection with or in enforcing this obligation and trustee's and attorney's fees actuaIly incurred, 7, To appear in and defend any action or proceeding purporting to affect the security rights or powers of beneficiary or trustee; and in any suit, action or proceeding in which the beneficiary or trustee may appear, including any suit for the foreclosure of this deed, to pay all costs and expenses, in- cluding evidence of title and the beneficiary's or trustee's attorney's fees; the amount of attorney's fees mentioned in this paragraph 7 in all cases shall be fixed by the trial court and in the event of an appeal from any judgment or decree of the trial court, grantor further agrees to pay such sum as the ap- pellate court shall adjudge reasonable as the beneficiary's or trustee's attor- ney's fees on such appeal, It is mutually agreed that: 8, In the event that any portion or all of said property shaIl be taken under the right of eminent domain or condemnation, beneficiary shall have the right, if it so elects, to require that all or any portion of the monies payable as compensation for such taking, which are in excess of the amount required to pay all reasonable costs, expenses and attorney's fees necessarily paid or incurred by grantor in such proceedings, shall be paid to beneficiary and applied by it first upon any reasonable costs and expenses and attorney's fees, both in the trial and appellate courts, necessarily paid or incurred by bene- ficiary in such proceedings, and the balance applied upon the indebtedness secured hereby; and grantor agrees, at its own expense, to take such actions and execute such instruments as shaIl be necessary in obtaining such com- pensation, promptly upon beneficiary's request, 9. At any time and from time to time upon written request of bene- ficiary, payment of its fees and presentation of this deed and the note for endorsement (in case of full reconveyances, for canceIlation), without affecting the liability of any person for the payment of the indebtedness, trustee may (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordination or other agreement affecting this deed or the lien or charge thereof; (d) reconvey, without warranty, all or any part of the property, The grantee in any reconveyance may be described CIS the "person or persons legaIly entitled thereto," and the recitals there'n oj any matters or facts shall be conclusive proof of the truthfulness thereof, Trustee's fees for any of the services mentioned in this paragraph shaIl be not les~; than $5, 10, Upon any default by grantor hereunder, beneficiary may at any time without notice, either in person, by agent cr by a receiver to be ap- pointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of said prop- erty or any part thereof, in its own name sue or otherwise collect the rents, issues and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and coIlection, including reasonable attor- ney's fees upon any indebtedness secured hereby, and in such order as bene- ficiary may determine, 11, The entering upon and taking possesiion of said property, the collection of such rents, issues and profits, or the proceeds of fire and other insurance policies or compensation or awards for any taking or damage of the property, and the application or release thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice, 12, Upon default by grantor in payment of any indebtedness secured hereby or in his performance of any agreement hereunder, time being of the essence with respect to such payment and/or performance, the beneficiary may declare all sums secured hereby immediately due and payable, In such an event the beneficiary at his election may proceed to foreclose this trust deed in equity as a mortgage or direct the trustee to ioreclose this trust deed by advertisement and sale, or may direct the trustee h pursue any other right or remedy, either at law or in equity, which the beneficiary may have, 1n the event the beneficiary elects to foreclose by advertisement and sale, the beneficiary or the trustee shaIl execute and cause to be recorded his written notice of default and his election to seIl the said described real property to satisfy the obligation secured hereby whereupon the trustee shall fix the time and place of sale, give notice thereof as then required by law and proceed to foreclose this trust deed in the manner provided in ORS 86,735 to 86,795, 13, After the trustee has commenced forecJ,nure by advertisement and sale, and at any time prior to 5 days before the date the trustee conducts the sale, the grantor or any other person so privileged by ORS 86,753, may cure the default or defaults, 11 the default consists of a failure to pay, when due, sums secured by the trust deed, the default may be cured by paying the entire amount due at the time of the cure other I han such portion as would not then be due had no default occurred, A ny other default that is capable of being cured may be cured by tendering the perfcrmance required under the obligation or trust deed, 1n any case, in addition to curing the default or defaults, the person effecting the cure shaIl pay to the beneficiary all costs and expenses actuaIly incurred in enforcing the obligation of the trust deed together with trustee's and attorney's fees not exceeding the amounts provided by law. 14. Otherwise, the sale shall be held on th~ date and at the time and place designated in the notice of sale or the time to which said sale may be postponed as provided by law. The trustee may sell said property either in one parcel or in separate parcels and shaIl sell the parcel or parcels at auction to the highest bidder for cash, payable at the time of sale, Trustee shaIl deliver to the purchaser its deed in form as required by law conveying the property so sold, but without any covenant c,r warranty, express or im- plied, The recitals in the deed of any matters of f8ct shall be conclusive proof of the truthfulness thereof. Any person, excluding the trustee, but including rhe grantor and beneficiary, may purchase at the ;;ale. 15, When trustee seIls pursuant to the po,," ers provided herein, trustee shaIl apply the proceeds of sale to payment of (!) the expenses of sale, in- cluding the compensation of the trustee and a re8 sonable charge by trustee's attorney, (2) to the obligation secured by the trust deed, (3) to all persons having recorded liens subsequent to the interest of the trustee in the trust deed as their interests may appear in the order of their priority and (4) the surplus, if any, to the grantor or to his successor in interest entitled to such surplus. 16, Beneficiary may from time to time appoint a successor or succes- sors to any trustee named herein or to any successor trustee appointed here- under. Upon such appointment, and without ccnveyance to the successor trustee, the latter shall be vested with all title, powers and duties conferred upon any trustee herein named or appointed hereunder. Each such appointment and substitution shaIl be made by written instrum,~nt executed by beneficiary, which, when recorded in the mortgage records of the county or cour:ties in which the property is situated, shaIl be conclusive proof of proper appo1l1tment of the successor trustee, 17, Trustee accepts this trust when this deed, duly executed and acknowledged is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other deed of trust or of any action or proceeding in which grc,ntor, beneficiary or trustee shall be a party unless such action or proceeding i1 brought by trustee, -- ------ ~'-_..-'_,_---_,_-- NOTE: The Trust Deed Act provides that the trustee hereunder must be either an attorney, who is an active member of the Oregon State Bar, a bank, trust campany or savings and laan association authorized ta do business under the laws of Oregon or the United States, a title insurance company authorized to insure title to real property of this state, its subsidiaries, affiliates, agents or branches, the United States ar any agency thereof, ar an escrow agent licensed under ORS 696,505 to 696,585. ----------- _.- -- -~---- ---- ------... ._---.--~--,--- fl,r-=-- fully [I II II I' II ,I II I I I I I I 92-18117 The grantor covenants and agrees to and with the beneficiary and those claiming under him, that he IS law- 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 against all persons whomsoever. The grantor warrants that the proceeds of the loan represented by the above described note and this trust deed are: (a)* pri~arily for grantor's personal, family or household purposes (see Important Notice below), (b) for an organization, or (even if grantor is a natural person) are for business or commercial purposes. This deed applies to, inures to the benefit of and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, personal representatives, successors and assigns. The term beneficiary shall mean the holder and owner, including pledgee, of the contract secured hereby, whether or not named as a beneficiary herein. In construing this deed and whenev'er the context so requires, the masculine gender includes the feminine and the neuter, and the singular number includes the plural. IN WITNESS WHEREOF, said grantor has hereunto sZs,hand the day and year firsl above written. * IMPORTANT NOTICE, Delete, by Unln, out, whi<hem wo"onty (0) 0' (bl " t~~aA~.... ..... . . not applicable; if warranty (a) is applicable and the beneficiary is a creditor Vincent L. Oredson as such word is defined in the Truth-in-Lending Act and Regulation 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. --~" - ----, - --- -. --.- -, ----- -.. -- ---. -- - - -- - -.-- -,-- m . m~,lA ..0..:' .. arry . M~~ ...-.--. -""'. .....---.--....-.-------...-. STAT E OF OREGON, County of .---.......;:[9.<;:~.S..Q0......___......___...____.....) SS. This instrument was acknowledged before me on ....__..June..B..______....____.....__.____.., 19.92...., 'by . --.. ...--. .VINCENT...L.L. o.REDSON.. and.. LARRY.. E... . ..MEDINGER....... __.. __.............. __........ ...... ............ This instrument was acknowledged before me on ......________............______....__..____.....___, 19........., by . __........ __ __........ .__... __...................... __.... __ __.. __.... __............ __.............. __...... __... __.........., .. __................... __.. __......., as ....... __.. __ _......... __.... ............ __...... __.............. __ __.. __............... _................... __................., ................................ __... of m..m...m...mm.mm"U"U"U'''''''''Y~~''/::~>~;~~~~~'~:f~~'~;e;;; ( My commission expire ~..... .._____6j2i112__...._______.__..____........... REQUEST FOR FULL RECONVEYANCE TO: To be used only when obligations have been paid, CffnMfifliq"f!AwIf<<37die(};._, Trustee The undersigned is the legal owner and holder of all indebtedness secured by the foregoing trust deed. All sums secured by said trust deed have been fully paid and satisfied. You hereby are directed, on payment to you of any sums owing to you under the terms of said trust deed or pursuant to statute, to cancel all evidences of indebtedness secured by said trust deed (whJch are delivered to you herewith together with said trust deed) and to reconvey, without warranty, to the parties designated by tpe terms of said trust deed the ::a:::ow held J:J;er ~/ame. Man reco,n~:Ya;ind docume~ &:::;:J/g;~ . &y/d~4B~Ju~ Do not lose or destroy this Trust Deed OR THE NOTE which it secures. Both must be delivered to the trustee for cancellation before reconveyance will be made. -~------------~- --~~--- -------- TRUST DEED {FORM No, 881-') STr~~~f~~ OREGON,,,___________.______.__} ss. STEVENS-NESS LAW PUB. co.. PORTLAND, ORE, Beneficiary \ Jackson COUI'ty, Oregon Recorded OFFICIAL RECORDS ( t: L{ I JUN 2 2 1992 A M. KA THLEEN S. BECKETT fl f.~~. Q1~~~~ !i~ 0"'" ,,_Q~Q$QN _Ot _~PJ:NGg;B" ----........,-- Grantor SPACE RESERVED '" ,C:J:.IT, _ Qf, ,MHI)\Np - - . . . . . . . - - - - . ~ FOR RECORDER'S USE - - . - . . . . . . . - -. ... - . . . - . . . . . . - . - - - - . . . . ~ - - - . . . . . . . . -.... AFTER RECORDING RETURN TO I I : i I! " , I 1 L_____ JACKSON COUNTY TITLE DIVISION NAME By .. ......--... ............. __... __................... Deputy - ._-~-----_._._~-- - ,-.-------,,- UNITFD STATES NATIONAL BANK OF OREGON Stadium Branch, Portland 97208 -~. Jackson (9unty l1tle Diuision Contlnrnt..1 l..wy(>rs Tltlr Comp..n J~ y . I 0 Llrh~l Wd'y . PO &1.. :J :iO ASHLAND OHEGON ~J I".U 25898 24.22 1230 060 RE: FI LE NAME FILE N~ER DATE OOLlARS CENTS : J \ {) i PAY CHECK NOT VALID AFTER 90 DAYS 1 J \ O() i; \ : '. , TO THE. ORDER OF I I, , , o.;! \ \ , DOLLARS : I; \, \ !} III 0 2 5 a 0 a III ., -. I.. 23000 2 201: 0(;0 --. - ------ ~ - ------- ..~ >~~.i.. Jackson (yunly 'ntle Dil1ision Continental lawyers Tille Company . .~. ~', : ....... ~l _',.:, . ~: 1,1 bo._ , . ASH~_A) .Li \...'r,[ '~J''-.~',~. , , I, I\., .\ ( ! 1)- ~tl~~~ \~ ill I':', 1 \;: I' i; I ,) 1 ~ i I . ,,\ I t Received from For ____ . CITY OF ASHLAND rt~. ~Z.~. !'\/{J L jJ 4(;? 7 L.7 Date Cash 1 ~< ~~ h 8' ..LVvv t'-30 -92_ o o 1___ Account Numbe~__ Amount Check Account Number J-L(: ~_ !i&2_.1~#L~ Amount /,,/; 2- t. By B7Z=-- ;, ..l--_' /L') / I I TOT AL $ CONTINENTAL LAWYERS TITLE COMPANY JACKSON COUNTY TITLE DIVISION 370 LITHIA "'JAY ASHLAND, OREGON 97520 FINAL ESCROW STATEMENT a Municipal corporation Property Location: PARCEL 2/PAR PLAT #P-51-19 ASHLAND OREGON Seller: CITY OF ASHLAND Close of Escrow: 06/22/92 Escrow Officer: PATRICIA GRAY, CEO Escrow No.: LP-46772 (L) - Denotes Lender Deducted Fee Debits Credits CREDITS Sales Price..................................... County taxes paid in advance from 06/22/92 to 07/01/92.................. 9 days at 0.695333 per day Deposit/City of Ashland 62,500.00 6.26 ...................... .................... ...... 340.00 DEBITS Recording of Reconveyance....................... DEED OF CONSER EZMT CONTINENTAL LAWyERS........ Title Insurance Premium to CONTINENTAL LAWyERS........................ Settlement or Escrow Fee........................ TRUSTEES FEE.................................... CONTINENTAL LAWYERS NOTE/TRUST DEED TO SELLER 5.00 55.00 344.00 132.00 50.00 ............................................... . 62,250.00 ,---' Sub-totals 62,836.00 62,846.26 Check herewith 10.26 TOTAL 62,846.26 62,846.26 -... J fJ.'1 -'7../ .~." , I / .d? / V'/ ?-/ L .' "v L "-;rz /. 7' PATRICIA GRAY, CEO // /., ESCROW TRUST RECI:,:JPT NO. r--....'. 9774... ~I IO~I,~_~20,_.J __~7~~~~~2-..~._~~D~~~~~=~ "~~-'--'-'l I for account of sarJe .. ' ----T'-.--.---.-.------------j T h r e e Hun d r ~ d 711 For t \f 2: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .- 0 / 1 00 DOLLARS! $ ~ tl n Cl n _,_~ ~-CASH --Pi CASHIER'SCHECKl CHECKS__., ----l--- _ _ . .___~__._,,_~' 21440 RECEIVED AFTER HOURS D ,- - ! 1 FROM BUYER D SELLER 0 I I 9 S - S ,) '1 ~'~EdKINGACCbUU NO.----- ---' (--"r;;'; /.~'/' ~;:;<_~=~ - "') ~ First N~ti ?nal 709 0202 719 ~~~ '-.- ~~::.' v /tC,- ,~, SMS.10? (REV 03/881 JACKSON COUNTY TITLE DIVISION CONT INENT AI.. LA\tfYERS TITLE CO. 370 LITHIA WAY, P.O. BOX 550 ASHLAND, OR 97520 I OF Re-:.:e-j ved of th'..; Citv of ;\s ;11 and J CUSTOM E R COpy By For '1 CITY OF ASHLAND J f;1;/:;.::t~ 7/r /?/:;.t~r'. ~:~eh ~~/,;( /;.-JL. ,?J '7 / G' ~.2 /lrZ/ Check r' ~ Account Number Amount Account Number 45774 tco / y''i / g' Y~73/ I' Amount Received from '..- "'\/, /,.;;L / I,V" -j )1 .//; 1';1) ..~~~ <..L.... ~ ~~ .3 t'1) I'll /i '~ TOTAL $ 1"1 j 'f I./~ I r ~4~~ -<) 2/ d /v: / /~~v~-_. . _~</~iL// L.-/ i:::; !,...", ,) ,/' /;r"',r'r'~e'/f ,'~/7;/ /(.4 /{.,/. /;.;;...e-/;;:~/(f'-_ /' "/,!!I /'* ,/ f.-:- j"'_ JACKSON COUNTY TITLE DIVISION CONTINENTAL LAWYERS TITLE COMPANY 370 LI'THIA WAY ASHLAND, OHEGON 97520 TEL: (503)488-2240/FAX: (503)488-1786 June 22, 1992 CITY OF ASHLAND ATTN: PAUL NOLTE 20 N MAIN ST ASHLAND OR 97520 ~(~~ ~~/~ ~~~ Re: Escrow No. LP-46772 ";' .. , Dear Mr. Nolte: We are pleased to advise that the above numbered escrow has been completed, and the follow~ng ~tems are enclosed as indicated: 1. Our Check No. 25898 in the amount of $10.26. 2. Escrow Settlement Statement. 3. Original Note in the amount of $62,250.00, together with Instrument securing same recorded as Document No. 92-18117 . PLEASE BE SURE TO RETAIN THESE DOCUMENTS IN A SAFE PLACE. THEY MUST BE DELIVERED TO THE BUYER AT THE TIME OF PAYMENT IN FULL (WITH THE REQUEST FOR FULL RECONVEYANCE SIGNED ON THE REVERSE OF THE TRUST DEED) IN ORDER TO CLEAR TITLE TO THE PROPERTY. 4. Receipt for deposit to the escrow in the amount of $340.00. 5. Easement recorded June 22, 1992 as Document No.92-18115. 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, PATRICIA GRAY, CEO Escrow Officer Enclosures RECEIVED B . DATE: