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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.