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Home My WebLink About1986-057 Smay Ecrow DocumentsJ unty']itle Division of Continental Land Title Co. )~502 WEST MAIN STREET · P.O. BOX 218 · MEDFORD, OREGON 97501 · (503) 779-2811 375 LITHIA WAY, SUITE 3 · P.O. BOX 550 · ASHLAND, OREGON 97520 · (503) 488-2240 [] 1150 CRATER LAKE AVENUE, SUI.TE B · MEDFORD, OREGON 97504 · (503) 779-9599 Date 8/5/86 City of Ashland City Hall Ashland, OR 97520 ATTN: Brian Almquist Escrow No. LA-27138 We are pleased to advise that the above numbered escrow has been completed, and the following items are enclosed, as indicated: Receipt ( ! Our ~!xe~k No. 1479 ( J( Escrow Settlement Statement. ( ) Deed recorded records of ( ) Original/Copy of Note dated ( ) Deed of Trust/Mortgage securing the above note recorded as Document No. in the records of () Policy of TitlelnsuranceNo. will follow. (X) Copy of Hemorandum of Contract, recorded 86-11941 in Jackson County. in the amount of $ 40.50. as Document No. in the County. June 30, in the amount of $ 1986 as Document No. (X) Copy of Amended Memorandum of Contract, recorded July 28, No. 86-13781 in Jackson County. County. 1986 as Document Any other items in connection with this transaction will be forwarded to you as soon as they are available. We wish to 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. Received by Date Grants Pass Office: Sincerely, Jackson ( unty tle DD Francke, Escrow Assistant Continental Land Title Coenpany - ~].~l~el~ '~l~e Diuision (503) 474-1132 "Insuring the American Dream" III ;I ' mi'" JACKSON COUNTY TITLE DIVISION OF CONTINENTAL LAND TITLE CO. 375 LITHIA ~, P.O. BOX 550 AS~, OREGON 97520C %FOR]Y. and .~/.~,.... , , ..... ' CASH' --'~H~b~~ , ..... ................... : ....................... ~ ....... ABA~ j ' j i24-12 ~ER~&~6~O~:F~F ................................................ ",. r/ CUSTOMff~ COPY ESCROW SETTLEMENT STATEMENT TO: CITY OF ASHLAND J unty tle Division of Continental L~nd Title Co. ESCROW NO. LA-27138 PROPERTY 39 1E 17AA, Tax Lot 900, Ashland OR CHARGES CREDITS CONSIDERATION OR SALES PRICE $ ~.~., [')00 00 $ Paid outside of Escrow to Earnest money ,~00 DO Deposits 6.616 52 ,, 40 rio Existing Loan/Contract Balance New Contract of Sale Between Buyer and Sell er 28,000 00 1st Trust Deed/Mortgage in favor of PRORATIONS MADE AS OF June 30, 1986 Taxes 1985- F~R $3~R.15 From 6/3(] to 7/1 1 02 Insurance Prem. $ From to Interest on $ @ From to Rent @ $ per From to Rent Deposits Reimbursement of Reserve Account Balance COMMISSION PAID TO COMMISSION PAID TO POLICY OF TITLE INSURANCE PREMIUM Recording Deed Trust Deed ~-~ ~ Memo of Contract ] 0 00 Recording Mortgage Reconveyance __ Satisfaction ESCROW FEE $155 77 5o Addit'ional Services Fee TAXES PAID Lien Search LOAN CHARGES BY Loan Fee $ Credit Report $ FHA Prem. $ Tax Res. $ Ins. Reserve $ Survey $ Tax Service $ $ $ Interest @ $ From to $ TOTAL OF LOAN CHARGES PRINCIPAL PAID TO Interest @ $ From to Trustees fee for preparation of Reconveyance LESS RESERVE ACCOUNT BALANCE PRINCIPAL PAID TO Interest @ $ From to Trustees fee for preparation of Reconveyan'ce COLLECTION SET UP FEE ~ each of .~F~I 4( 50 Federal Express 2~ 00 Balance due CONTINENTAL LAND TITLE COMPANY Balance due you for which our check is enclosed TOTALS $ 3F; 157 02 $ 35.157 02 ( J Qckson ( unty tle Diuision r-I 502 WEST MAIN STR EET ,, P.O. BOX 218. MEDFOR D, OR EGON 97501. (503)779-2811 By ..'~/~__.~~ _j ~ 375 LITHIA WAY, SUITE 3 · P.O. BOX 550 · ASHLAND, OREGON 97520 · (503) 488-2240 1150CRATER LAKE AVENUE, SUITE B* MEDFORD, OREGON 97504 - (503) 779-9599 Marilyn Ba~ey, Escrow Offi~r Seller: SMAY, Betty F, DOCUMENTS RECORDED June 30. 1986 NOTE: The Purchaser is a Municipal Corporation and thus the land is not subject to taxation. MEMORANDUM OF CONTRACT BE IT KNOWN that on this 'Q? day of,/J/'~ ~ 1986 BETTY F , SMAY, as Seller, agreed to sell, and CITY OF AS~rLAND, as Purchaser, agreed to buy a fee simple interest in a parcel of real property under a Contract of Sale, which said real property, located at Ashland, Oregon, is more particularly described as follows: Beginning at a point on the section line, 3.61 chains North of the southeast corner of the Northeast Quarter of the Northeast Quarter of Section 17 in Township 39 South, Range 1 East of the Willamette Meridian in Jackson County, Oregon; thence North 36035' West 5.75 chains to the center of Granite Street; thence North 17° West, 2.05 chains; thence North 65° East 5.4 chains; thence South 7°43' West 33.0 feet; thence South 37020' East 84.0 feet, more or less, to a point on the east line of said Section 17, thence South, along said east line to the true point of beginning. Code 5-1, Account 1-9534-2, Map 391E17AA, Tax Lot 900. The actual and true consideration for this conveyance is THIRTY-FIVE THOUSAND DOLLARS ($35,000.00). x I:;, Seller: ,,, Dated: Purchaser: CITY OF ASHLAND 'TtflS INSTRUMENT WILL NOT ALLOW USE OF THE PROPERTY DESCRIBED ~ THI'S INSTRUMENT IN VIOLATION OF APPLICABIE LAND USE LAWS ND REGULAIIONS. BLfORE SIGN!NC OR ACCLPTING ltii:~ INSTRUMENT. lE PERSON ACQUIRING ~EE TITLE TO rilE PROPERTY SttOULD CHECK 'ITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO ER/FY APPROVED USES." ~IAYOR: I Cit~ ~ecorder ('~cT,~'~i) STATE OF CALIFORNIA ) COUNTY OF SAN LUIS OBISPO) ss. On this ; /~t'x day of ~" ~ in the yearl..Q~:~- , before me, the undersigned Notary Public, personally appeared \ 'J.~", ; ~ , \ ',, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is(are) subscribed to this instrument, and ack- nowledged that, ',he executed it. ,., ~.-I"T,~-- . . b'tate ct Oregon, County of Jacksom-SS. ..~..~ .- , By The~within instru~nI received and file,~l afO..-~ o ciOc~ /'" m. th~,~.~...,,_~ay oi ~ ]9 ~ ~eC°rded i,z~/JY'~, - _,,_,,_,,_,,_,,_,,9~r,~lm:ls, foj' Jackson County ~regon. _ ~/./.t~_~.~__ ~.~fi]~_~~ Co.unty Clerk. ~y ~~,~ Deputy n~ow Personally appeared the above named BETTY F. SMAY, who is n to me to be such individual, and who acknowledged the foregoing her voluntary act and deed. me: Notary Public for My Commission Expires: NOTE: The Purchaser is a municipal corporation and thus the land is not subject ct taxation. AMENDED MEMORANDUM OF CONTRACT The originally executed and recorded Memorandum of Contract in this matter failed to fully describe the Seller; accordingly, BE IT KNOWN that on the 30th day of June, 1986, BETTY F. SMAY, as Trustee of the S~Y TRUST INDENTURE, executed on the 15th day of July, 1981, as Seller, agreed to sell, and the CITY OF ASHLAND, as Purchaser, agreed to buy a fee simple interest in a parcel of real property under a Contract of Sale, which said real property, located at Ashland, Oregon, is more particularly described as follows: Beginning at a point of the section line, 3.61 chains North of the southeast corner of the Northeast Quarter of the Northeast Quarter of Section 17 in Township 39 South, Range 1 East of the Willamette Meridian in Jackson County, Oregon; thence North 36035' West 5.75 chains to the center of Granite Street; thence North 17° West, 2.05 chains; thence North 65° East 5.4 chains; thence South 7043' West 33.0 feet; thence South 37020' East 84.0 feet, more or less, to a point on the east line of said Section 17, thence South, along said east line to the true point of beginning. Code 5-1, Account 1-9534-2, Map 391E17AA, Tax Lot 900. The actual and true consideration for this conveyance is THIRTY-FIVE THOUSAND DOLLARS ($35,000.00). Dated: ,,'['~'~. //-/ /'/'? ~ / Dated: J~X~ ~, /0~¢ X'THIS INSTRUMENT WILL NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE .AND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCL~IING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TIILE TO THE PROPERTY SHOULD CHECK WiIH lite APPROPRIAIE CiTY OR COUNTY PLANNING DEPARTMENT TO VLRtFY APPROVED U~S.~ BETT/~ ~.i~[~AY ~,[%s Trustee of the/'SMAY TRUST/INDENTURE, executed on t~e 15th of July, 1981 Purchaser: CITY OF ASHLAND CITY REC'ORDER STATE OF ~6/~O~/~ ) : SS. County of ~W/~ ~ ~d9 Personally appeared the above named BETTY F. SMAY, as Trustee of the SMAY TRUST INDENTURE, executed on the 15th of July, 1981, who is known to me to be such individual, and who a~ledged the ,foregoing instrument to be -1- her voluntary act and deed. ~ / / ~ / ! Before me: ~ .~, -~//~-ff /~;' /~- _ . ~ . _ ...... _-..x.~" "~ka"ry/pubi ic for ~en~e~~ 2v~''c'''- se''' ~y "' · · . - Jackson County, Oregon Recorded OFFICIAL RECORDS K~THLEEN $. BECKETT 3ac ounty qitle Division of Continental Land Title Co. X~ 502 WEST MAIN STREET · P.O. BOX 218 · MEDFORD, OREGON 97501 * (503) 779-2811 375 LITHIA WAY, SUITE 3 · P.O. BOX 5~0 · A~FI L_AND, OREGON 97520 · (503) 488-2240 [] 1150 CRATER LAKE AVENUE, SUITE B · MEDFORD, OREGON 97504 · (503) 779-9599 City of Ashland City Hall Ashland, OR 97520 ATTN: Brian Almquist Date 8/7/86 Your purchase of 39 1E 17AA, TL900 Our Escrow/Order No. LA-27138 In connection with the above transaction, we enclose the following: (x) () () () () Title Insurance Policy No. 93-81-018-560. If we can be of further assistance, please feel free to call us. Sincerely, DD Francke, Escrow Assistant Date of Policy: July 28, 1986 Policy No. 9 3 - 81- 018 - 5 60 Order No. LA- 2 7138 SCHEDULE A at 8:31 A.M. Amount of Insurance: Charge: $ 35,000.00 $ 235.00 1. Name of Insured: CITY OF ASHLAND Theestateorintcrcstre~rredtoher¢inisatDateofPolicyvcstedin: BETTY F. SMAY as Trustee of the SMAY TRUST INDENTURE, executed on the 15th day of July, 1981, 3. The estate or interest in the land described herein and which is covered by this policy is a fee. SCHEDULE B This policy does not insure against loss or damage, nor against costs, attorneys' 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 assess- ments 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, or claims thereof, which are not shown by the public records; unpatented 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. 5. 1986-87 taxes, a lien but not yet payable. 6. Agreement concerning assessments, subject to the terms and provisions thereof, by and between James B. Smay, et al, and the City of Ashland, dated March 30, 1981 and recorded April 14, 1981 as No. 81-06955 of the Official Records of Jackson County, Oregon. (Continued on Page 2 of Schedule "B" 061-0-O93-0002A Rating Bureau for Title Companies in Oregon Standard Coverage Policy SCHEDULE B cont'd. 7. Easement for public road over that portion lying within Granite Street. 8. Rights of way for water pipes, flumes or other conduits of water, and rights in connection therewith, reserved by H. B. Carter in deed recorded in Volume 22 page 387 of the Deed Records of Jackson County, Oregon. 9. Contract of Sale, subject to the terms and provisions thereof, dated June 27, 1986, by and between Betty F. Smay, as Trustee of the Smay Trust Indenture, executed on the 15th day of July, 1981, Seller, and City of Ashland, Purchaser, as disclosed by that certain Memorandum of Agreement dated June 27, 1986 and recorded June 30, 1986 as No. 86-11941 of the Official Records of Jackson County, Oregon. Amended Memorandum of Contract dated July 14, 1986 and recorded July 28, 1986, as No. 86-13781, said Official Records. Schedule B Page 2 No. 93-81-018-560 Litho in U.S,A. SCHEDULEC The land referred to in this Policy is described as follows: Beginning at a point on the section line, 3.61 chains North of the southeast corner of the Northeast Quarter of the Northeast Quarter of Section 17 in Township 39 South, Range 1 East of the Willamette Meridian in Jackson County, Oregon; thence North 36o35' West 5.75 chains to the center of Granite Street; thence North 17° West, 2.05 chains; thence North 65° East 5.4 chains; thence South 7043' West 33.0 feet; thence South 87020' East 84.0 feet, more or less to a point on the east line of said Section 17, thence South, along said east line to the true point of beginning. (Code 5-1, Account 1-9534-2, Hap 391E17AA, Tax Lot 900) 061-0-075-0004 t9' IlO0 I? O0 $ iio5 7: LI TIt l,4 ~ in locating said pre~i~,".': and the compan? assumes N 86' 35' MI 360'