HomeMy WebLinkAbout1990-070 Deed - Superior Lumber CT]
CRATER TITLE INSURANCE CO.
"Our Product is Peace of Mind"
4~5 East ~ Str~t * A~hl~nfl, Oregon 97520 · (503) 482-4006 * FAX (503) 482-2941
November 15, 1990
CITY OF ASHLAND
20 EAST MAIN
ASHLAND, OR 97520
Dear GENTLEMEN:
RE: SUPERIOR LUMBER COMPANY TO CITY OF ASHLAND
Escrow No. 78361KR
The above noted escrow has now been completed.
documents enclosed:
Please find the following
1. Buyers' Closing Statement and receipt in the amount of $39,610.79.
2. Owner's Policy of Title Insurance (to follow)
3. Recorded Warranty Deed
We at CRATER TITLE INSURANCE COMPANY appreciate the opportunity to
service. Please be sure to call if there is anything we can do for
the future·
KATHL~ ROBBINS
ES CRO~UOFFI CER
be of
you in
Please acknowledge receipt of the above documents
copy of this letter and returning~t to our office.
by signing
Thank you.
the enclosed
Underwritten by First American Title Insurance Company of Oregon
DATE
NOVE~tBER 14, 1990
CRATER TITLE INSURANCE COMPANY
BUYER CLOSING STATEMENT
ORDER: 78361KR
PAGE 1
BUYER: CITY OF ASHI2%ND
BUYER'S ADDRESS: 20 EAST MAIN
ASHLAND, OR 97520
SUPERIOR LUMBER COMPANY
SET.I.~R'S ADDRESS: P.O. BOX 250
GLENDALE, OR 97442
PROPERTY ADDRESS: UNIMPROVED
ASHLAND, OR
SETTLEMENT DATE: 11/15/90 PRORATE DATE: 11/07/90 PRICE: $38,900.00
BUYER CHARGES P.O.C AMOUNT
Sale Price
County taxes
$774.52 prorated from 11/07/90
to 06/30/91 at 2.121972 per day.
Settlement or closing fees to CRATER TITLE INSURANCE
CO.
38,900.00
$500.79
$175.00
Recording Fee to CRATER TITLE INSURANCE CO.
$35.00
GROSS DUE FROM BUYER
39,610.79
BUYER CREDITS
FUNDS TO CLOSE to CRATER TITLE INSURANCE
CO.
TOTAL PAID BY/FOR BUYER
P.O.C AMOUNT
39,610.79
39,610.79
GROSS DUE FROM BUYER 39,610..79
TOTAL PD BY/FOR BUYER 39,610.79
PLEASE ~MINE THIS STATEMENT AT ONCE. If no error is reported in 15 days,
the account will be considered correct.
Failure to report error within the above 15 days shall constitute
acceptance of this statement and will be considered an acknowledgment by
parties of receipt of all papers and monies due them and a full release of
above title company from all liability in/onnection with handling of said
escroNOTE:W.Real property taxes run from Ju~/ 1st to June 30th. Irrigation
assessments run from January 1st to De~ember 31st.
THANK YOU FOR THE OPPORTUNITY TO BE ~F SERVICE, J j
KAT~LEEN ROBBIa, ESCROW OFFICER
90-28985
WARRANTY DEED
SUPERIOR LUMBER COMPANY, Grantor, conveys and warrants to CITY OF ASHLAND, A
MUNICIPAL CORPORATION: Grantee, the following described real property, together
with appurtenances, free of encumbrances except as specifically set forth herein,
situated in JACKSON County, OR:
Northwest quarter of Section 22, Township 39 South, Range 1 East,
Willanmtte Meridian, Jackson Cowry, Oregon.
SUBJECT TO: Rights of the public within the limits of public roadways, and/or
rights of private parties within existing roadways or driveways,
The true consideration paid for this conveyance is THIRTY EIGHT THOUSAND NINE
HUNDRED AND 00/100 ($38,900.00). ( ) However, the whole consideration includes
other value given or promised (check if other consideration statement applies).
This instrument will not allow use of the property described in this instrument in
violation of applicable land use laws and regulations. Before signing or
accepting this instrument, the person acquiring fee title to the property should
check with the appropriate City or County Planning Department to verify approved
uses.
Dated this l~6 day of A/~J~ , 1990.
Steven Swanson, Vice PreszY~nt
STATE OF OREGON,
Count * DOUGLAS ~ .... 1ST - . NOVEMBER -^ 90
be[ore me appeared.. RODNEY G., ..~WA~SCTN ....................................................... amd
.STEVEI{ ..p.~...SW~SQN ............. ~th to me per~nally known, who ~in~
duly sworn, did say that he, the ~id...~QDNEY ~...S~.$.Q~. .............................................
is the..XX.~ President, and he, the said ~ P~ ~. ........
the within named Corporation, and that the seal affixed to said instrument is the corporate seal of said Corpora-
tion, and that the said instmment was siined and s~led in behalf of said Cor~ration by authority o[ its Board
of Directors, and RQDNE~_.G.,...$W~SON ..................... and...S~EV~N_.P~.
....acknowledge said instrument to ~ the free act and deed of said Cor~ration.
..,,....~.,~ z ~ 1N TESTIMONY WHEREOF, I have hereunto set my hand and affixed
my official seal the day and year last above written.
~ ' Not~y Public for O~gon.
My Commission expires....~/O t.[.~J. ................
IS REQUES'£~J AIL TAX STATM~ENTS SHALL BE SENT TO:
CITY OF ASHLAND
CITY HALL
ASHLAND, OR. 97520
Jadm~ Comly, Oregon
Recorded
OFFICIAL RECORDS
NOV 1 5
KATHLEEN S. BECKETT
CRATER TITLE INSURANCE CO.
604 West Main Street · P.O. Box 250 · Medford, Oregon 97501 · (503) 779-7250 · FAX (503) 779-4013
October 22, 1990
CRATER TITLE INSURANCE CO.
Sharon Slack - Escrow Department
485 East Main S~'ect
Ashland OR 97520
Order No. 78361-SS
Coverage
Policy Amo~t
Own~m $ 38,900.00
Purchus~m $
Standard Loan $
F~t.(ALTA)Loan $
RE: SUPERIOR LUMBER COMPANY:CITY OF ASHLAND
PRELIMINARY TITLE REPORT
11TLE SEARCHED THROUGH: October 15, 1990, at 8:00 A.M.
We are prepared to issue title insurance in the form and amount shown above, as of the title search date
shown above, insuring title to the proparty described in thc following page or pages, vcsted as shown
herein, all subject to the usual printed s~ipulations and the exceptions appearing herein and in such form
of policy,
This report is preliminary to the issuance of a policy of title insurance, may be relied upon only by the
parties to whom it is directed, and will become void unless a policy is issued and paid for within 180
days.
The examiner signing this report w/il be happy to answer any questions you may have. We appreciate
the opportunity to serve you.
DR:pw
cc: Ron Salter
Attorney at Law
Page 1 of 2 Crl - 78361
Underwritten by F/rst American Title Insurance Company of Oregon
PRELIMINARY 'i't'i'L~ REPORT
Lt~_nl Descrt.nflnn of Real Pro.net~. beln_a ~ed~
~e No~w~t q~r of ~fi~ ~, To~ip 39 ~u~, ~e 1 ~ W~c~c Mcfid~, J~n
~n~, Oregon.
V~tln~ ~own ~v puhllc
SUPE~OR ~MB~ ~MP~
~ ~ ~ f~ ~ple
~xce~tlnn~ to ~e title not includ~ ~ ~nt~d ~li~v exee?lnn~
1. 19~91 g~ Pro~ T~ - $774.52. duo ~ ~y~lo.
~5-11 ~t 1-10~2~ ~ap391E~ T~t~
2. ~ of ~ ~b~e ~ ~ ~ ~y ~on ly~g wi~ ~ limits of
~or ~ts of ~ivato ~i~ ovor ~y ~on ly~s wi~ ~xi~g z~ways or ~iveways not
3. ~ ~o~y ~s ~t ~vo ]og~ ~ ~ or ~om a ]e~y d~i~t~ s~t, ~d o~ hi,way
~ ~ ~roforo ~ot ~ ~.
NO~: Wo ~w ~ ~ a ~ ~ f~ jud~on~ a~t ~ns by
glmi!~ ~ ~Jty of ~ ~ ~md ~ of
Page 2 of 2 ~.'1'1 - 78361
IG I§ ¢,o'
2t 22
CRATER TITLE INSURANCE CO.
Sewing all of dack,~3n C°Unly
Stole
I/~ Cot.
TOWNS.IP ~ RAHOE'~ SECTIOI~ '
THIS SKETCH ISIFOR LOCATION PURPOSES ONLY. NUMBERS ON SKETCH ARE OOMPA~Y NUMBERS
AND NO LIABILITY IS .(SSUMED FOR 'VARIATIONS DISCLOSED BY SURVEY OR COUNTY RECORDS.
ESCRO~ INSTRUCTIONS TO CRATER TITLE INSURANCE CONPANY DATED October 29, 1990 FR0~
SELLER: SUPERIOR LUMBER COMPANY
SELLER'S ADDRESS: P.O. BOX 250
GLENDALE, OR 97442
~ CITY OF ASHLAND
BUYER'S ADDRESS: 20 EAST MAIN
ASHLAND, OR 97520
PROPERTY DESCRIPTION: This escrow covers real property described in preliminary titl~
report No. 78361RR of Crater Title Insurance Company, dated October 15, 1990, or if none
of the property subject to this escrow is located in Jackson County, then as described in
preliminary title report No. of dated
2. TERMS OF TRANSACTION
$38,900.00 ALL CASH TO SELLER(S)
BUYER HEREIN ACKNOWLEDGES PROPERTY IS BEING PURCHASED WITHOUT LEGAL ACCESS TO OR FROM A
LEGALLY DEDICATED STREET, ROAD OR HIGHWAY AND ACCESS THEREFORE CANNOT BE INSURED.
3. DOCUMENTS TO BE FURNISHED IN ESCROW:
WARRANTY DEED
4. TITLE IS TO BE CON~EYED TO: CITY OF ASHLAND, a Municipal corporation
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 THIRTY EIGHT THOUSAND NINE HUNDRED AND 00/100 DOLLARS insuring buyer winh
items Nos. 2 & 3 of the preliminary title report to remain, showing any exceptions
created by the recording of said documents, and the exceptions standard to the policy
form. Policy Form: OWNERS
6. CLOSING DATE: This escrow shall be closed on or before November 7, 1990.
7. PRORATES: Prorated items set forth on Exhibit A, Estimated Closing Costs, are to be
prorated to November 7, 1990.
8. PROCEEDS: Pay proceeds to seller, or order of seller.
12.
13.
14.
Some lenders require that their mortgage, trust deed and/or other security documents
recorded prior to funding. The undersigned principals to these instructions hereb]
consent to such a lender requirement, if applicable.
15. PLEASE PROVIDE YOUR SOCIAL SECURITY NUMBERS:
NAME: SSN/ID NO.:
NAME: SiN~ID NO.:
NAME: SSN/ID NO.:
NAME: SSN/ID NO.:
16.
17.
18.
Payments made In accordance with the settlement statement are based on demands and
information provided to the escrow agent, which may not be 100% accurate. Where shortages
occur, the party responsible for the payment will provide escrow agent with any
additional funds which may be required to complete payment of the described disbursement.
In the event of overpayment, any amount under $5.00 will be credited to escrow agent as
additional fees. Any amount over $5.00 will be refunded by endorsement of the refund to
the appropriate party without recourse. In either case, the funds supplied or refunded
shall not be considered a part of the settlement reflected by the settlement statement.
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 THE PARTIES' AGREEMENT HAVE BEEN MET TO THE SATISFACTION OF EACH OF THE
PARTIES.
Crater Title Insurance Co., as escrow agent, receives certain benefits as a result of
escrow deposits in our escrow trust account. These benefits provide banking services and
accounting and computer services. On the average, these benefits amount to approximately
$30.00 per escrow. These in kind benefits, which support escrow operations and various
costs associated with complicance with state escrow regulations, are utilized to offset
the need for higher escrow rates.
THE PARTIES RER~TO HAVE BEEN ADVISED TO REVIEW THE TRANSACTION WITH THEIR LEGAL AND TAX
PROFESSIONALS. TME ESCROW AGENT HAS PROVIDED NO TAX OR LEGAL ADVICE AS TO THE EFFECT OF THIS
TRANSACTION. AND NEITME~ THE ESCROW AGENT NOR ANY PEAL ESTATE LICENSEE INVOLVED HAS ANY
RESPONSIBILITY FOR DOING SO.
Any matters not covered by these instructions which may arise in connection with this
transaction ara the responsibility of the parties and shall be handled outside of this escrow,
including but not limited to any law, regulation or ordinance affecting this transaction or
the property which is the subject hereof. THE ESCROW HOLDER ASSUMES NO RESPONSIBILITY FOE
DETERMINING THAT THE PANTIES TO THIS ESCROW HAVE COMPLIED WITH THE REQUIREMENTS OF THE TRUTH
IN LENDING LAW, CONSD-ME~ CREDIT PROTECTION ACT OR SIMILAR LAWS.
IT IS UNDF. RSTOOD BY THE PARTIES SIGNING THE ABOVE ESCROW INSTRUCTIONS OR THOSE ESCROW
INSTRUCTIONS WHICH ARE ATTACHED HF~TO THAT SUCH INSTRUCTIONS CONSTITUTE THE WHOLE AGREEMENT
BETWEEN THIS FIRM AS AN ESCROW AGENT AND YOU AS A PRINCIPAL TO THE ESCROW TF~NSACTION. THESE
INSTRUCTIONS HAY NOT INCLUDE ALL THE TERMS OF THE AGREEMENT WHICH IS THE SUBJECT OF THIS
ESCROW (OR MAY VARY FROM THE TERMS THEREOF). READ THESE INSTRUCTIONS CAREFULLY AND DO NOT
SIGN THEM UNLESS THEY AI~ ACCEPTABLE TO YOU.
THE TAXPAYER I.D. NUMBERS FURNISHED HEREIN ARE CORRECT, AND THE PERSON PROVIDING THE SAME SO
CERTIFIES UNDER PENALTY OF PERJURY.
SUPERIOR LUMBER COMPANY by:
Foregoing instructions accepted by:
Crater Title Insurance Company
OCTOBER 29, 1990
CRATER TITLE INSURANCE COMPA/~Y
ORDER: 78361KR
PAGE 1
BUYER:
BUYER'S ADDRESS:
SELLER:
SELLER'S ADDRESS:
CITY OF ASHLAND
20 EAST MAIN
ASHLAND, OR 97520
SUPERIOR LUMBER COMPANY
P.O. BOX 250
GLENDALE, OR 97442
PROPERTY ADDRESS: UNIMPROVED
ASHLAND, OR
SETTLEMENT DATE: 11/07/90 PRORATE DATE: 11/07/90 PRICE:
$38,900.00
BUYER CHARGES
P.O.C
Sale Price
County taxes
$774.52 prorated from 11/07/90
to 06/30/91 at 2.121972 per day.
Settlement or closing fees to CRATER TITLE INSURANCE
CO.
Recording Fee to CRATER TITLE INSURgeNCE CO.
GROSS DUE FROM BUYER
AMOUNT
38,900.00
$500.79
$175.00
$35.00
39,610.79
BUYER CREDITS
P.O.C AMOUNT
TOTAL PAID BY/FOR BUYER
0.00
GROSS DUE FROM BUYER 39,610.79
TOTAL PD BY/FOR BUYER 0.00
NET FROM BUYER 39,610.79
WE HEREBY ACCEPT FEES AND COSTS AS STATED ABOVE
CITY OF ASHLAND
CRATER TITLE INSURANCE CO.
MEDFORD E. MEDFORD S, MEDFORD ASHLAND
779-7250 779-6442 770-5697 482-4006
City of Ashland
20 Fm~t Main
Ashland, Or. 97520
Regarding: Escrow # 78361k~).
Attn: Brian Almquist
Dear Mr. Almquist,
Pleas~ find enclosed owners Title Insurance Policy for the above
des ibed transact'[~n.
Superior Luther Co/City of Ashl~md
ALTA Owners Policy
(10/21/87)
161735
First American Title Insurance Company of Oregon
200 S.W. Market St. · Portland, Oregon 97201 · (503) 222-3651
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN
SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, FIRST AMERICAN TITLE INSURANCE COMPANY OF
OREGON, a Oregon corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A. against loss
or damage, not exceeding the Amount of Insurance stated in Schedule k sustained or incurred by the insured by
reason of:
1. Title to the estate or interest described in Schedule A being vested other than as stated therein:
2. Any defect in or lien or encumbrance on the title:
3. Unmarketability of the title;
4. Lack of a right of access to and from the land.
The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but onty to
the extent provided in the Conditions and Stioulations.
Countermgnea
OLTA Form 13
dba FIRST AMERICAN TITLE INSURANCE COMPANY OF OREGON
TI 128 8/88
ALTA Owner's Policy
Schedule A
SCHEDULE A
Policy No. 161735/CTI - 78361
Amount of Insurance $38,900.00 Premium $208.80 REISSUE
Date of Policy: November 15, 1990 at 10:12 A.M.
1. Insured:
CITY OF ASHLAND, A MUNICIPAL CORPORATION
The estate or interest in the land which is covered by this policy is:
an estate in fee simple
Title to the estate or interest in the land is vested in:
CITY OF ASHLAND, A MUNICIPAL CORPORATION
The land referred to in this poticy is described as follows:
The Northwest quarter of Section 22, Township 39 South, Range I East, Willamette
Meridian, Jackson County, Oregon.
161735/CTI- 78361
ALTA POLICY FORMS
STANDARD COVE.RAGE
This policy does not insure against leas or damage, and the Company will not pay costs, attorney's
fees or expenses, which arise by reason of the following:
Taxes or assessments which are not shown es existing Hens 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 fight to a lien, for services, la~or, or material heretofore or hereafter furnished,
imposed by law and not shown by the public records.
Discrepancies, conflicts in boundary lines, shortage in ares, encroachments, or any other facts
which a correct survey would disclose.
Rights of the public in and to any portion lying within the limits of public roadways, if any,
and/or rights of private parties over any portion lying within existing roadways or driveways
not disclosed by the public records.
This property does not have legal access to or from a legally dedicated street, road or
highway and access therefore cannot be insu/ed.
TAX INFORMATION:
Code $-11 Account 1-102.52-6 Map ~9 1E 22 Tax Lot .500
161735/CTI - 78361
~.'"-"~ CRATER TITLE INSURANCE CO. '~'"
Seeing a, of aack~on'C~nty ~ '
THIS SKETCH IS,"FOR LOCATION PURPOSES ONLY. NUMBERS ON SKETCH ARE OOMPA~IY NUMBERS
AND NO LIABILITY IS ~SSUMED FOR 'VARIATIONS DISCLOSED BY SURVEY OR COUNTY RECORDS.