HomeMy WebLinkAbout5. LLA25-0001 PTRTimi
PRELIMINARY REPORT
Title Officer;To:
TITLE OFFICER:RON CAMPBELL
TIMIOS TITLE
3044 OLIVE HIGHWAY
OROVILLE,CA 95966
ESCROW OFFICER:Tamara Miller
PHONE:(530)298-6763
TIMIOS OROVILLE
3044 OLIVE HIGHWAY
OROVILLE,CA 95966
ESCROW NO:71-00244991
Property Address:
1577 I8TH ST
OROVILLE,CA,95965-4108
Title No:
71-00244990
In response to the above referenced application for a policy of title insurance,this company hereby reports that it is prepared to
issue,or cause to be issued,as of the date hereof,a policy or policies of title insurance describing the land and the estate or
interest therein hereinafter set forth,insuring against loss which may be sustained by reason of any defect,lien or encumbrance
not shown or referred to as an exception below or not excluded from coverage pursuant to the printed Schedules,Conditions and
Stipulations of said Policy Forms.
The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set
forth in Exhibit A attached.The policy to be issued may contain an arbitration clause.When the AmountofInsurance is less than
that set forth in the arbitration clause,all arbitrable matters shall be arbitrated at the option of either the Company or the Insured
as the exclusive remedy of the parties.Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner's Policies of
Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set
forth in Exhibit A.Copies of the policy forms should be read.They are available from the office which issued this report.
Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit A of this reportcarefully.The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the termsofthetitleinsurancepolicyandshouldbecarefullyconsidered.
It is important to note that this preliminary report is not a written representationas to the condition of title and may not
list all liens,defects,and encumbrances affecting title to the land.
This report (and any supplements or amendments hereto)is issued solely for the purpose of facilitating the issuance of a
policy of title insurance and no liability is assumed hereby.If it is desired that liability be assumed prior to the issuance of
a policy of title insurance,a binder or commitment should be requested.
The form of Policy of title insurance contemplated by tlie report is:
ALTA STANDARD OWNER’S POLICY 2021
Issued by:FIRST AMERICAN TITLE INSURANCE COMPANY
Dated as of:Dec 11,2024 at 8:00 a.m.
The Estate or Interest in the land hereinafter described or referred to covered by this report is:
Fec/Easement
Title to said estate of interest at tlie date hereof is vested in;
LURLINE E.MEDFORD.AN UNMARRIED WOMAN AND JASON DANIEL HUSTON,AN UNMARRIED MAN,AS
JOINT TENANTS
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At the date hereof exceptions to coverage in addition to the printed exceptions and exclusions contained in said policy form would be
as follows:
THE LIEN OF SUPPLEMENTAL OR ESCAPED ASSESSMENTS OF PROPERTY TAXES,IF ANY,MADE
PURSUANT TO THE PROVISIONS OF PART 0.5,CHAPTER 3.5 OR PART 2,CHAPTER 3,ARTICLES 3 AND 4
RESPECTIVELY (COMMENCING WITH SECTION 75)OF THE REVENUE AND TAXATION CODE OF THE STATE
OF CALIFORNIA AS A RESULT OF THE TRANSFER OF TITLE TO THE VESTEE NAMED IN SCHEDULE A;OR
AS A RESULT OF CHANGES IN OWNERSHIP OR NEW CONSTRUCTION OCCURRING PRIOR TO THE DATE OF
THE POLICY.
THE HEREIN DESCRIBED PROPERTY LIES WITHIN THE BOUNDARIES OF THE THERMALITO WATER &
SEWER ASSESSMENT DISTRICT AND IS SUBJECT TO ALL TAXES,ASSESSMENTS AND OBLIGATIONS
THEREOF.ANY AND ALL ASSESSMENTS ARE COLLECTED WITH COUNTY TAXES.FURTHER
INFORMATION MAY BE OBTAINED BY CONTACTING:
2.
THERMALITO WATER &SEWER DISTRICT
410 GRAND AVENUE
OROVILLE,CA 95965
(530)533-0740
M-F 7:30AM-4:00PM
THE HEREIN DESCRIBED PROPERTY LIES WITHIN THE BOUNDARIES OF CSA NO.26.3.
RIGHTS OF THE PUBLIC IN AND TO SO MUCH OF THE HEREIN DESCRIBED LAND AS LIES WITHIN THE
BOUNDARIES OF ANY PUBLIC HIGHWAY OR ROAD.AFFECTS THERMALITO AVENUE,
4.
RIGHTS OF WAY FOR ROADS,POLE LINES,DITCHES POWER LINES,CANALS,LATERALS AS THEY MAY
EXIST
5.
EASEMENTS,SET BACK LINES AND NOTE(S,AND CONDITIONS)AS SHOWN OR DEDICATED ON THE
PARCEL MAP FILED NOVEMBER 26,2024 IN THE OFFICE OF THE COUNTY RECORDER OF THE COUNTY OF
BUTTE.STATE OF CALIFORNIA IN BOOK 210 OF MAPS AT PAGE(S )54,55 AND 56.
6.
THERE APPEARS TO BE NO DEED OF TRUSTZMORTGAGE(S)FOUND OF RECORD ON SAID PROPERTY.IF
YOU HAVE ANY INFORMATION THAT STATES OTHERWISE,PLEASE CONTACT YOUR CLOSING OFFICER
IMMEDIATELY.WE WILL REQUIRE AN AFFIDAVIT OF DEBTS AND LIENS TO BE EXECUTED BY THE
PARTIES LISTED ON SCHEDULE “A”OF THIS PRELIMINARY REPORT.
7.
WATER RIGHTS,CLAIMS OR TITLE TO WATER,WHETHER OR NOT SHOWN BY THE PUBLIC RECORDS.8.
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NOTICE
Section 12413.1 of the California Insurance Code,effective January I,1990,requires that any title insurance company,undervTittcn
title company,or controlled escrow company handling funds in an escrow or sub-cscrow capacity,wait a specified number of days
after depositing funds,before recording any documents in connection with the transaction or disbursing funds.This statute allows for
funds deposited by wire transfer to be disbursed the same day as deposit.In the case of cashier’s checks or certified checks,funds maybedisbursedthenextdayafterdeposit.In order to avoid unnecessary delays of three to seven days,or more,please use wire transfer,
cashier’s checks,or certified checks whenever possible.
NOTES:
THE INSURANCE CONTEMPLATED BY THIS TRANSACTION SHALL BE ISSUED IN FAVOR OF TBD,IN
THE AMOUNT OF $.00 PURSUANT TO A DEED OF TRUST FROM TBD ,AND AN OWNER’S POLICY IN
THE AMOUNT OF S.OO PURSUANT TO A DEED EXECUTED BY JASON HUSTON
A.
ACCORDING TO THE PUBLIC RECORDS,THERE HAS BEEN NO CONVEYANCE OF THE LAND WITHIN
A PERIOD OF TWENTY-FOUR MONTHS PRIOR TO THE DATE OF THIS REPORT,EXCEPT AS FOLLOWS:
B.
AFFIDAVIT-DEATH OF CO-TRUSTEE RECORDED MAY 11.2023 AS INSTRUMENT NO.2023-0012426 AND
GRANT DEED RECORDED SEPTEMBER 22,2023 AS INSTRUMENT NO.2023-0025861 OF OFFICIAL
RECORDS.
THERE IS LOCATED ON SAID LAND A SINGLE FAMILY RESIDENCE KNOWN AS 1577 18TH ST,IN THE
COUNTY OF BUTTE,STATE OF CALIFORNIA.
C.
THE POLICY TO BE ISSUED MAY CONTAIN AN ARBITRATION CLAUSE.WHEN THE AMOUNT OF
INSURANCE IS LESS THAN THE CERTAIN DOLLAR AMOUNT SET FORTH IN ANY APPLICABLE
ARBITRATION CLAUSE,ALL ARBITRABLE MATTERS SHALL BE ARBITRATED AT THE OPTION OF
EITHER THE COMPANY OR THE INSURED AS THE EXCLUSIVE REMEDY OF THE PARTIES.IF YOU
DESIRE TO REVIEW THE TERMS OF THE POLICY,INCLUDING ANY ARBITRATION CLAUSE THAT
MAY BE INCLUDED,CONTACT THE OFFICE THAT ISSUED THIS COMMITMENT OR REPORT TO
OBTAIN A SAMPLE OF THE POLICY JACKET FOR THE POLICY THAT IS TO BE ISSUED IN
CONNECTION WITH YOUR TRANSACTION.
D.
NOTE TAXES FOR PRORATION PURPOSES ONLY FOR THE FISCAL YEAR 2024-2025.
FIRST INSTALLMENT:
SECOND INSTALLMENT:
TAX RATE AREA:
ASSESSMENT NO.:
E.
$1,837.64
$1,837.64
104-002
030-090-019
MARKED PAID
MARKED PAID
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LEGAL DESCRIPTION
ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE UNINCORPORATED AREA OF THE
COUNTY OF BUTTE,STATE OF CALIFORNIA,MORE PARTICULARLY DESCRIBED AS FOLLOWS:
PARCEL l-A:
PARCEL 1 AS SHOWN ON THAT CERTAIN PARCEL MAP FILED IN THE COUNTY OF BUTTE ON
NOVEMBER 26.2024,IN BOOK 210 OF MAPS AT PAGE(S)54,55,AND 56.
PARCEL ll-A:
A NON-EXCLUSIVE ACCESS EASEMENT FOR INGRESS AND EGRESS OVER PARCEL 2
AS SHOWN ON THAT CERTAIN PARCEL MAP FILED IN THE COUNTY OF BUTTE ON NOVEMBER
26.2024,IN BOOK 210 OF MAPS AT PAGE(S)54.55.AND 56.
PARCEL II:
PARCEL 2 AS SHOWN ON THAT CERTAIN PARCEL MAP FILED IN THE COUNTY OF BUTTE ON
NOVEMBER 26.2024,IN BOOK 210 OF MAPS AT PAGE(S)54,55,AND 56.
RESERVING THEREFROM A NON-EXCLUSIVE ACCESS EASEMENT FOR INGRESS AND EGRESS
AS SHOWN ON THAT CERTAIN PARCEL MAP FILED IN THE COUNTY OF BUTTE ON NOVEMBER
26,2024.IN BOOK 210 OF MAPS AT PAGE(S)54,55,AND 56.
APN:030-090-019
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