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HomeMy WebLinkAbout1999-018 Trust Deed - BryantSince 1885 " "l'itL --Jac on otln-.y e- CITY OF ASHLAND ATTN: PAUL NOLTE 20 EAST MAIN ASHLAND, OR 97520 "Insuring the American Dream" UPPER ROGUE ASHLAND MEDFORD 826-3002 488-2240 779-2811 FAX: 826-5002 FAX: 488-1786 FAX: 772-6079 EAST MEDFORD 779-9599 FAX: 779-6768 JACKSON COUNTY TITLE Division of Oregon Title Insurance Company 1400 Ashland Street Ashland, Oregon 97520 Tel: (541)488-2240 Fax: (541)488-1786 March 4, 1999 Order No: 86080 pg Your Ref: 667,669&669-1/2 N.MAIN ST BRYANT/CITY OF ASHLAND Escrow Officer: PATRICIA GRAY, CSEO CITY OF ASHLAND ATTN: PAUL NOLTE 20 E. MAIN ASHLAND OR 97520 (CITY HALL) PRELIMINARY REPORT FOR OWNERS $595,000.00 PREMIUM $1,497.50 A CONSOLIDATED STATEMENT OF ALL CHARGES AND ADVANCES IN CONNECTION WITH THIS ORDER WILL BE PROVIDED AT CLOSING. We are prepared to issue title insurance policy in the form or forms above insuring the title to the land hereinafter described. This report is preliminary to issuance of a title insurance policy and no liability is assumed hereunder until the full premium is paid. Dated as of March 1, 1999 at 5:00 P.M. VESTEE: LUELLA M. BRYANT and PATRICIA LORRAINE BRYANT CLINE, Trustees of the Bryant Family Trust, Trust Fund "B", dated 10/08/90, DESCRIPTION: SEE EXHIBIT "A" ATTACHED HERETO SUBJECT TO printed exceptions, exclusions, conditions, and stipulations which are part of said policy, and to the following: 1. City Liens of the City of Ashland, Oregon, if any. (Note: A lien search will be requested prior to the close of this transaction.) 2. Easement for sewer pipe line purposes, subject to the terms and provisions thereof, granted to the City of Ashland recorded November 24, 1967 as No. 67-11198 of the Official Records of Jackson County, Oregon. 3. We require a copy of the Ordinance of Ashland, adopted after the notice and hearing required by ORS 271,725, authorizing the purchase of the subject property. ( Continued) Preliminary Title Report - continued Dated as of March 1, 1999 Order No. 86080 NOTE TO LENDERS: If a trust deed is going to be used in this transaction and you are using this company as the trustee, please name the trustee as OREGON TITLE INSURANCE COMPANY. NOTE A: 1998-99 real property taxes, paid in full. Total Tax: $3,899.20. (Code 5-01, Account #1-5293-1, Map #391E05AC, Tax Lot #3400) NOTE B: Property addresses have been verified as: 667, 669 and 669-1/2 North Main Street, Ashland, Oregon 97520. NOTE C: 1. 2. 3. JACKSON COUNTY RECORDING FEES ARE AS FOLLOWS: $ 5.00 per page, plus $10.00 per conveyance document indexing fee, plus $20.00 surcharge for conveyance documents (deed, contract, easement, etc.) $ 5.00 for each additional title in a document with multiple titles. $20.00 per each non-standard document which fails to meet the rec/uire~nents established by ORS 205.232 & 205.234. We have searched and find no federal or state liens or judgments of record in Jackson County, Oregon against Luella M. Bryant, Patricia Lorraine Bryant Cline, the Bryant Family Trust, Trust Fund "B" or the City of Ashland, as of the date hereof. JACKSON COUNTY TITLE DIVISION OF OREGON TITLE INS~CE COMPANY BOB TT, TITLE OFFICER JS/kks CC: Bryant Family Trust Attn: Patricia Cline 720 North Laurel Street Ashland, OR 97520 86080 EXHIBIT A Commencing at a found 1" galvanized iron pipe situated at the accepted northwest corner of Donation Land Claim No. 40, in Township 39 South, Range 1 East of the Willamette Meridian in Jackson County, Oregon; thence South 60°19'05'' West, 536.68 feet to a found 3/4" black iron pipe situated in the southwesterly right of way of North Main Street in the City of Ashland, said point being the true point of beginning, (also being the true point of beginning of that boundary line described in Document No. 81-18077, of the Official Records of Jackson County, Oregon); thence leaving said right of way South 80040'08" West, along said boundary line, 335.79 feet to a split cedar fence post; thence continuing South 80°40'08'' West, along said boundary line, 27.66 feet to a point in the easterly line of the Greenbriar Subdivision, as found monumented, said point bear North 00°11'12" West, 32.89 feet from a found 1/2" iron pipe situated at the southeast corner of Lot 7, Block 1 of said Greenbriar Subdivision; thence South 00°11'12'' East (record South 00009, East), along said easterly line, 238.89 feet, more or less, to the southeast corner of said subdivision, also being the southwest corner of that tract described in Volume 294, page 384 of the Deed Records of Jackson County, Oregon; thence South 89°59'26'' East, 245.40 feet (record South 89051, East 245.31 feet) to the southeast corner of said tract; thence North 02o27, West, along the easterly line of said tract, 164.47 feet to the northeast corner thereof, being on the south line of that tract described in Volume 255, page 492, said Deed Records; thence South 89o50'43" East (record South 89o51, East), along said south line, 205.13 feet, more or less, to the southeast corner of said tract, being on the southwesterly line of said North Main Street; thence Northwesterly along said southwesterly line 158.00 feet, more or less, to the true point of beginning. EXCEPTING THEREFROM that portion conveyed to the State of Oregon, by and through its Department of Transportation by document recorded April 24, 1995 as No. 95-10621 of the Official Records of Jackson County, Oregon. (Code 5-01, Account #1-5293-1, Map #391E05AC, Tax Lot #3400) PLAT P-87-t990 (P.,12169) -,,.,,'[