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HomeMy WebLinkAboutLLA24-0010 TITLE GUARANTEE APN 047-250-195CLTA Guarantee Form No. 28 –Condition of Title Guarantee Face Page (06-05-14) Order No. 2202075516-PL Ref No.Guarantee No. A04562-CTG-101195 CONDITION OF TITLE GUARANTEE SUBJECT TO THE EXCLUSIONS FROM COVERAGE, AND THE GUARANTEE CONDITIONS ATTACHED HERETO AND MADE A PART OF THIS GUARANTEE, GUARANTEES the Assured named in Schedule A of this Guarantee against loss or damage not exceeding the Amount of Liability stated in Schedule A sustained by the Assured by reason of any incorrectness in the Assurances set forth in Schedule A: Dated: August 30th, 2024 at 8:00:00 AM Countersigned: By Validating Officer OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A Corporation400 Second Avenue South, Minneapolis, Minnesota 55401 (612) 371-1111 ORT 5314 Page_2_of_6 Pages OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CLTA Guarantee Form No. 28 –Condition of Title Guarantee Schedule A (06-05-14) Schedule A Order No.2202075516-PL Ref. No. Guarantee No.A04562-CTG-101195 Liability $500.00 Date of Guarantee August 30th, 2024 at 8:00:00 AM Fee $400.00 1. Name of Assured: Michael E. Mann 2. The estate or interest in the Land which is covered by this Guarantee is: Fee as to Parcel(s) I and an Easement as to Parcel(s) II and III 3. The Land referred to in this Guarantee is situated in the unincorporated area of the County of Butte,State of California, and is described as follows: Parcel I: Parcel 3, as shown on that certain Parcel Map, filed in the office of the recorder of the County of Butte, State of California, on December 30, 1996, in Book 141 of Maps, at Page 30, 31 and 32. Excepting therefrom the Easterly 125’ thereof, lying between parallel lines. APN 047-250-195 Parcel II: A 100 foot by 200 foot easement for individual drainfields, as shown on that certain Parcel Map, filed in the office of the Recorder of the County of Butte, State of California, on December 30, 1996, in Book 141 of Maps, at Page(s) 30, 31 and 32. Parcel III: A 10 foot sewage transport easement, as shown on that certain Parcel Map, filed in the office of the Recorder of the County of Butte, State of California, on December 30, 1996, in Book 141 of Maps, at Page(s) 30, 31 and 32. 4. Assurances: According to the Public Records as of the Date of Guarantee, a.Title to the estate or interest in the Land is vested in: Michael E. Mann and Leslie Mann,husband and wife, as joint tenants b. Title to the estate or interest is subject to defects, liens or encumbrances shown in Schedule B which are not necessarily shown in the order of their priority. Page_3_of_6 Pages OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CLTA Guarantee Form No. 28 –Condition of Title Guarantee Schedule B (06-05-14) Schedule B Order No.2202075516-PL Ref. No. Guarantee No.A04562-CTG-101195 Liability $500.00 Date of Guarantee August 30th, 2024 at 8:00:00 AM Fee $400.00 1.Taxes and assessments, general and special, for the fiscal year 2024 -2025, a lien, but not yet due or payable. 2.Taxes and assessments, general and special, for the fiscal year 2023 -2024, as follows: Assessor's Parcel No :047-250-195 Code No.:062-169 1st Installment :$2,093.08 Marked Paid 2nd Installment :$2,093.08 Marked Paid Land Value :$139,283.00 Imp. Value :$215,326.00 Exemption :$7,000.00 Homeowners 3.The lien of supplemental taxes, if any, assessed pursuant to the provisions of Section 75, et seq., of the Revenue and Taxation Code of the State of California. 4.Regulations, levies, liens, and assessments, if any, of Keefer Road/Rock Creek Drainage Service Area. The herein described property lying within the proposed boundaries of a Community Facilities District, as follows: District No :2014-1 For :Clean Energy PRogram Disclosed By :Assessment Map Recorded :November 10, 2015 in Book 10 of Maps of Assessment and Community Facilities Districts,Page 54 Further information may be obtained by contacting: 5. County of Butte 6.Water rights, claims or title to water, whether or not shown by the public records. Page_4_of_6 Pages OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CLTA Guarantee Form No. 28 –Condition of Title Guarantee Schedule B (06-05-14) 7.(1) Any adverse claim based upon the assertion that: (a)Some portion of said land has been created by artificial means, or has accreted to such portion so created. (b)Some portion of said land has been brought within the boundaries thereof by an avulsive movement of Rock Creek, or has been formed by accretion to any such portion. (2) Rights and easements for navigation and fishery which may exist over that portion of said land lying beneath the waters of Rock Creek. Any adverse claim that some portion of said land has not at any time been within the boundaries of the County of Butte, State of California. 8. 9.Any rights, easements, interests or claims that may exist or arise by reason of, or reflected by, recitals shown or noted upon a filed map, as follows: Map Entitled :Parcel Map Filed On :December 30, 1996 in Book 141 of Maps, at Page 30, 31 and 32 10.Waiver of any claims for damages by reason of location of Keefer Road, as provided in the Deed; From :Richard A. McWilliams and Shirley J. McWilliams,husband and wife To :County of Butte Recorded :December 30, 1996 in Official Records under Recorder's Serial Number 1996-0048592 11.Agreement for :Mitigation of cumulative traffic and drainage impacts within CSA 87 Executed By :Richard Z. McWilliams On the terms, covenants and conditions contained therein, Recorded :December 30, 1996 in Official Records under Recorder's Serial Number 1996-0048594 12.An easement affecting that portion of said land and for the purposes stated herein and incidental purposes as provided in the following Instrument :Grant Deed Reserved By :Richard McWilliams and Shirley McWilliams, husband and wife For :Sewage transport Recorded :May 27, 1999 in Official Records under Recorder's Serial Number 1999-0022380 Affects :Southerly 10 feet Page_5_of_6 Pages OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CLTA Guarantee Form No. 28 –Condition of Title Guarantee Schedule B (06-05-14) 13.Agricultural Statement of Acknowledgment for Residential Development recorded on August 11, 1999 in Butte County Official Records 1999-0034343. 14.Deed of Trust to secure an indebtedness of the amount stated below and any other amounts payable under the terms thereof, Amount :$252,000.00 Trustor/Borrower :Leslie Andrews, an unmarried woman, and Michael E. Mann, an unmarried man, as joint tenants Trustee :San Benito Land Title Corporation Beneficiary/Lender :Donald E. Andrews and J. Patrcia Andrews, Trustees UDT dated September 10, 1981 Recorded :October 23, 2000 in Official Records under Recorder's Serial Number 2000-0040876 15.Deed of Trust to secure an indebtedness of the amount stated below and any other amounts payable under the terms thereof, Amount :$172,000.00 Trustor/Borrower :Michael E. Mann and Leslie MAnn; who are married to each other Trustee :Bidwell Title and Escrow Company Beneficiary/Lender :Tri Counties Bank Dated :October 5, 2012 Recorded :October 10, 2012 in Official Records under Recorder's Serial Number 2012-0038566 NOTE: Said Deed of Trust appears to secure a Revolving Line or Equity Line of Credit. If this loan is to be paid off and reconveyed through this transaction, the Company will require a written statement from the Beneficiary/Lender that a freeze is in effect on the account, and that the demand for payoff from the Beneficiary/Lender states that a reconveyance will be issued upon payment of the amounts shown therein. The Beneficiary/Lender may be assisted in freezing this account by receiving a creditline freeze authorization letter signed by the Trustor/Borrower/Seller with the request for payoff demand. A sample copy of a typical such letter is available from the Company upon request. 16.Documents, liens or other matters that are indexed by name only but which, if any exist, may affect title or impose liens or encumbrances on the Land. 17.Vesting Deed Page_6_of_6 Pages OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CLTA Guarantee Form No. 28 –Condition of Title Guarantee Schedule B (06-05-14) Interspousal Transfer Deed executed by Leslie Man, a married woman who acquired title as Leslie Andrews, an unmarried woman and Michael E. Mann, a married man who acquired title as an unmarried man to Michael E. Mann and Leslie Mann, husband and wife, as joint tenants recorded October 10, 2012 in Official Records under Recorder's Serial Number 2012-0038565. CLTA Guarantee Exclusions and Conditions (Rev 06-05-14) EXCLUSIONS FROM COVERAGE (Revised 06-05-14) Except as expressly provided by the assurances in Schedule A, the Company assumes no liability for loss or damage by reason of the following: (a) Defects, liens, encumbrances, adverse claims or other matters affecting the title to any property beyond the lines of the Land. (b) Defects, liens, encumbrances, adverse claims or other matters, whether or not shown by the Public Records (1) that are created, suffered, assumed or agreed to by one or more of the Assureds; or (2) that result in no loss to the Assured. (c) Defects, liens, encumbrances, adverse claims or other matters not shown by the Public Records. (d) The identity of any party shown or referred to in any of the schedules of this Guarantee. (e) The validity, legal effect or priority of any matter shown or referred to in any of the schedules of this Guarantee. (f) (1) Taxes or assessments of any taxing authority that levies taxes or assessments on real property; or, (2) proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not the matters excluded under (1) or (2) are shown by the records of the taxing authority or by the Public Records.(g) (1) Unpatented mining claims; (2) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (3) water rights, claims or title to water, whether or not the matters excluded under (1), (2) or (3) are shown by the Public Records. GUARANTEE CONDITIONS 1. DEFINITION OF TERMS The following terms when used in the Guarantee mean: (a) "the Assured": the party or parties named as the Assured in this Schedule A, or on a supplemental writing executed by the Company.(b) "Land": the Land described or referred to in Schedule A, and improvements affixed thereto which by law constitute real property. The term "land" does not include any property beyond the lines of the area described or referred to in Schedule A, nor any right, title, interest estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways.(c) "Mortgage": mortgage, deed of trust, trust deed, or other security instrument. (d) "Public Records": those records established under state statutes at Date of Guarantee for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without knowledge. (e)"Date of Guarantee": the Date of Guarantee set forth in Schedule A.(f)“Amount of Liability”:the Amount as stated in Schedule A. 2. NOTICE OF CLAIM TO BE GIVEN BY ASSURED An Assured shall notify the Company promptly in writing in case knowledge shall come to the Assured of any assertion of facts, or claim of title or interest that is contrary to the assurances set forth in Schedule A and that might cause loss or damage for which the Company may be liable under this Guarantee. If prompt notice shall not be given to the Company, then all liability of the Company shall terminate with regard to the matter or matters for which prompt notice is required; provided, however, that failure to notify the Company shall in no case prejudice the rights of the Assured under this Guarantee unless the Company shall be prejudiced by the failure and then only to the extent of the prejudice. 3. NO DUTY TO DEFEND OR PROSECUTE The Company shall have no duty to defend or prosecute any action or proceeding to which the Assured is a party, notwithstanding the nature of any allegation in such action or proceeding. 4. COMPANY’S OPTION TO DEFEND OR PROSECUTE ACTIONS; DUTY OF ASSURED TO COOPERATE Even though the Company has no duty to defend or prosecute as set forth in Paragraph 3 above: (a) The Company shall have the right, at its sole option and cost, to institute and prosecute any action or proceeding, interpose a defense, as limited in Paragraph 4(b), or to do any other act which in its opinion may be necessary or desirable to establish the correctness of the assurances set forth in Schedule A or to prevent or reduce loss or damage to the Assured. The Company may take any appropriate action under the terms of this Guarantee, whether or not it shall be liable hereunder, and shall not thereby concede liability or waive any provision of this Guarantee. If the Company shall exercise its rights under this paragraph, it shall do so diligently. (b) If the Company elects to exercise its options as stated in Paragraph 4(a) the Company shall have the right to select counsel of its choice (subject to the right of the Assured to object for reasonable cause) to represent the Assured and shall not be liable for and will not pay the fees of any other counsel, nor will the Company pay any fees, costs or expenses incurred by an Assured in the defense of those causes of action which allege matters not covered by this Guarantee. (c) Whenever the Company shall have brought an action or interposed a defense as permitted by the provisions of this Guarantee, the Company may pursue any litigation to final determination by a court of competent jurisdiction and expressly reserves the right, in its sole discretion, to appeal from an adverse judgment or order. CLTA Guarantee Exclusions and Conditions (Rev 06-05-14) GUARANTEE CONDITIONS (Continuation) (d) In all cases where this Guarantee permits the Company to prosecute or provide for the defense of any action or proceeding, the Assured shall secure to the Company the right to so prosecute or provide for the defense of any action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of such Assured for this purpose. Whenever requested by the Company, the Assured, at the Company’s expense, shall give the Company all reasonable aid in any action or proceeding, securing evidence, obtaining witnesses, prosecuting or defending the action or lawful act which in the opinion of the Company may be necessary or desirable to establish the correctness of the assurances set forth in Schedule A or to prevent or reduce loss or damage to the Assured.If the Company is prejudiced by the failure of the Assured to furnish the required cooperation, the Company’s obligations to the Assured under the Guarantee shall terminate. 5. PROOF OF LOSS OR DAMAGE (a) In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Assured furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. (b) In addition, the Assured may reasonably be required to submit to examination under oath by any authorized representative of the Company and shall produce for examination, inspection and copying, at such reasonable times and places as may be designated by any authorized representative of the Company, all records, books, ledgers, checks, correspondence and memoranda, whether bearing a date before or after Date of Guarantee, which reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Assured shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all records, books, ledgers, checks, correspondence and memoranda in the custody or control of a third party, which reasonably pertain to the loss or damage. All information designated as confidential by the Assured provided to the Company pursuant to this paragraph shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Assured to submit for examination under oath, produce other reasonably requested information or grant permission to secure reasonably necessary information from third parties as required in the above paragraph, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this Guarantee to the Assured for that claim. 6. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS: TERMINATION OF LIABILITY In case of a claim under this Guarantee, the Company shall have the following additional options: (a) To pay or tender payment of the Amount of Liability together with any costs, attorneys’ fees, and expenses incurred by the Assured that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. (b) To pay or otherwise settle with the Assured any claim assured against under this Guarantee. In addition, the Company will pay any costs, attorneys' fees, and expenses incurred by the Assured that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay; or (c) To pay or otherwise settle with other parties for the loss or damage provided for under this Guarantee, together with any costs, attorneys’ fees, and expenses incurred by the Assured that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in 6 (a), (b) or (c) of this paragraph the Company’s obligation to the Assured under this Guarantee for the claimed loss or damage, other than the payments required to be made, shall terminate, including any duty to continue any and all litigation initiated by the Company pursuant to Paragraph 4. 7. LIMITATION OF LIABILITY (a) This Guarantee is a contract of Indemnity against actual monetary loss or damage sustained or incurred by the Assured claimant who has suffered loss or damage by reason of reliance upon the assurances set forth in Schedule A and only to the extent herein described, and subject to the Exclusions From Coverage of this Guarantee. (b) If the Company, or the Assured under the direction of the Company at the Company’s expense, removes the alleged defect, lien or, encumbrance or cures any other matter assured afainst by this Guarantee in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused thereby. (c) In the event of any litigation by the Company or with the Company’s consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals therefrom. (d) The Company shall not be liable for loss or damage to the Assured for liability voluntarily assumed by the Assured in settling any claim or suit without the prior written consent of the Company. 8. REDUCTION OF LIABILITY OR TERMINATION OF LIABILITY All payments under this Guarantee, except payments made for costs, attorneys' fees and expenses pursuant to Paragraph 4 shall reduce the Amount of Liability under this Guarantee pro tanto. 9. PAYMENT OF LOSS (a) No payment shall be made without producing this Guarantee for endorsement of the payment unless the Guarantee has been lost or destroyed, in which case proof of loss or destruction shall be furnished to the satisfaction of the Company. CLTA Guarantee Exclusions and Conditions (Rev 06-05-14) GUARANTEE CONDITIONS (Continuation) (b) When liability and the extent of loss or damage has been definitely fixed in accordance with these Conditions, the loss or damage shall be payable within thirty (30) days thereafter. 10. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled and paid a claim under this Guarantee, all right of subrogation shall vest in the Company unaffected by any act of the Assured claimant. The Company shall be subrogated to and be entitled to all rights and remedies which the Assured would have had against any person or property in respect to the claim had this Guarantee not been issued. If requested by the Company, the Assured shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect this right of subrogation. The Assured shall permit the Company to sue, compromise or settle in the name of the Assured and to use the name of the Assured in any transaction or litigation involving these rights or remedies. If a payment on account of a claim does not fully cover the loss of the Assured the Company shall be subrogated to all rights and remedies of the Assured after the Assured shall have recovered its principal, interest, and costs of collection. 11. ARBITRATION Either the Company or the Assured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Assured arising out of or relating to this Guarantee, any service of the Company in connection with its issuance or the breach of a Guarantee provision, or to any other controversy or claim arising out of the transaction giving rise to this Guarantee. All arbitrable matters when the amount of liability is $2,000,000 or less shall be arbitrated at the option of either the Company or the Assured. All arbitrable matters when the amount of liability is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Assured. Arbitration pursuant to this Guarantee and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 12. LIABILITY LIMITED TO THIS GUARANTEE; GUARANTEE ENTIRE CONTRACT (a) This Guarantee together with all endorsements, if any, attached hereto by the Company is the entire Guarantee and contract between the Assured and the Company. In interpreting any provision of this Guarantee, this Guarantee shall be construed as a whole. (b) Any claim of loss or damage, whether or not based on negligence, or any action asserting such claim, shall be restricted to this Guarantee. (c) No amendment of or endorsement to this Guarantee can be made except by a writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company. 13. SEVERABILITY In the event any provision of this Guarantee, in whole or in part, is held invalid or unenforceable under applicable law, the Guarantee shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 14. CHOICE OF LAW; FORUM (a) Choice of Law: The Assured acknowledges the Company has underwritten the risks covered by this Guarantee and determined the premium charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of Guaranties of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims that are adverse to the Assured and to interpret and enforce the terms of this Guarantee. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Assured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 15. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this Guarantee and shall be addressed to the Company at the office which issued this Guarantee or to its Home Office at 400 Second Avenue South, Minneapolis, Minnesota 55401-2499, (612) 371-1111.