HomeMy WebLinkAboutDeed 1981-10-21 (Ward)
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DESCRIPTION
ALL THAT CERTAIN real property situate in the City of Tiburon, County of Marin,
State of California, described below as follows:
BEGINNING at a point on the Easterly line of the parcel conveyed by Louise K.
Svetinich to the State of California, by Deed recorded September 19, 1960 in Book ~
1399 of Official Records at page 508, Marin County Records, said point being distant'
South 905512911 West 18.72 feet (called South 100151 Nest in the above mentioned Deed)
from the most Northerly corner of said parcel thence along said Easterly line South
9 55'29" West 33.11 feet to the boundary line of Parcel 9 in the Lis Pendens issued
out of the Superior Court of the State of California in and for the County of Marin,
Case No. 34089, recorded April 28, 1961 in Book 1456 of Official Records at page
572, Marin County Records, thence along said boundary line as described in said Lis
o
Pendens, Easterly on a curve to the right whose center bears South 0 03,36►► West 925
. . feet through an angle of 7°36'16" an arc length of 122.77 feet to a point of reverse
curvature; thence along a tangent curve to the left► with a radius of 40.00 feet
through an angle of 84 03'06", an arc length of 58.68 feet, thence North 13 ° 36'46"
East 114.39 feet; thence along a tangent curve to the left with a radius of 20.00 feet
h an ° °
throng angle of 142 33136" an arc length of 49,76 feet, thence South 51 0311011
West 192.20 feet.
{
3i
046884
RESOLUTION NO.11R1
A RESOLUTION OF THE TOWN OF TIBURON
ACCEPTING DEED TO WARD PARCEL
Town of Tiburon hereby ac-
BE IT RESOLVED that the
cepts the deed of Edward P. Ward and Audrey P. Ward granting
to the Town of Tiburon that certain real property more par-
Exhibit "A" attached hereto.
ticularly described in
PASSED AND ADOPTED at a regular meeting of the Town
Council of the Town of Tiburon, held on October 7
1981, by the following vote:
• Edelstein► Bergsund, Bass, Hanson
AYES: COUNCILMEMBERS.
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Rocket'
s/Kirk Hanson
KIRK HANSON, Mayor
Town of Tiburon
ATTEST:
s/R. L. Kleinert
R. L. KLEINERT► Town Manager/Clerk
i
G
Drafted: 10/7/81
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j Salt Marsh a Tide Lands Mop No. 1. Unrec•
CITY OF TIBURON
Assessor's Map Bk. 55 -Pg. 04
County of Marin, Calif.
B.W Broemmet • Assessor
NOTE-Assessor's Block Numbers Shown in Ellipses.
As:esse►4 Portal Number: She mrn in Christ.
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(b) The Company will pay, in addition to any
loss insured against by this policy, all costs
imposed upon an insured in litigation carried on by
the Company for such insured, and all costs
attorneys' fees and expenses in litigation carried on
by such insured with the written authorization of
the Company.
(c) When the amount of loss or damage has
been definitely fixed in accordance with the
conditions of this policy, the loss or damage shall
be payable within 30 days thereafter.
7. LIMITATION OF LIABILITY
No claim shall arise or be maintainable under
this policy (a) if the Company, after having
received notice of an alleged defect, lien or
encumbrance insured against hereunder, by litiga-
tion or otherwise, removes such defect, lien or
encumbrance or establishes the title, or the lien of
the insured mortgage, as insured, within a reason-
able time after receipt of such notice; (b) in the
event of litigation until there has been a final
determination by a court of competent jurisdic-
tion, and disposition of all appeals therefrom,
adverse to the title or to the lien of the insured
mortgage, as insured, as provided in paragraph 3
hereof; or (c) for liability voluntarily admitted or
assumed by an insured without prior written
consent of the Company.
8. REDUCTION OF INSURANCE; TERMIN-
ATION OF LIABILITY
All payments under this policy, except pay-
ment made for costs, attorneys' fees and expenses,
shall reduce the amount of the insurance pro tanto;
provided, however, if the owner of the indebted-
ness secured by the insured mortgage is an insured
hereunder, then such payments, prior to the
acquisition of title to said estate or interest as
provided in paragraph 2(a) of these Conditions and
Stipulations, shall not reduce pro tanto the amount
of the insurance afforded hereunder as to any such
insured, except to the extent that such payments
reduce the amount of the indebtedness secured by
such mortgage.
Payment in full by any person or voluntary
satisfaction or release of the insured mortgage shall
terminate all liability of the Company to an
insured owner of the indebtedness secured by the
insured mortgage, except as provided in paragraph
2(a) hereof.
9. LIABILITY NONCUMULATIVE
It is expressly understood that the amount of
insurance under this policy, as to the insured
owner of the estate or interest covered by this
policy, shall be reduced by any amount the
Company may pay under any policy insuring (a) a
mortgage shown or referred to in Schedule B
hereof which is a lien on the estate or interest
covered by this policy, or (b) a mortgage hereafter
executed by an insured which is a charge or lien on
the estate or interest described or referred to in
Schedule A, and the amount so paid shall be
deemed a payment under this policy. The Com-
pany shall have the option to apply to the payment
of any such mortgage any amount that otherwise
would be payable hereunder to the insured owner
of the estate or interest covered by this policy and
the amount so paid shall be deemed a payment
under this policy to said insured owner.
The provisions of this paragraph 9 shall not
apply to an owner of the indebtedness secured by
the insured mortgage, unless such insured acquires
title to said estate or interest in satisfaction of said
indebtedness or any part thereof.
10. SUBROGATION UPON PAYMENT OR SET-
TLEMENT
Whenever the Company shall have paid or
settled a claim under this policy, all right of
subrogation shall vest in the Company unaffected
by any act of the insured claimant, except that the
owner of the indebtedness secured by the insured
mortgage may release or substitute the personal
liability of any debtor or guarantor, or extend or
otherwise modify the terms of payment, or release
a portion of the estate or interest from the lien of
the insured mortgage, or release any collateral
security for the indebtedness, provided such act
occurs prior to receipt of such insured of notice of
any claim of title or interest adverse to the title to
the estate or interest or the priority of the lien of
the insured mortgage and does not result in any
loss of priority of the lien of the insured mortgage.
The Company shall be subrogated to and be
entitled to all rights and remedies which such
insured claimant would h ve had against any
person or property in respect to such claim had
this policy not been issued, and the Company is
hereby authorized and empowered to sue, com-
promise or settle in its name or in the name of the
insured to the full extent of the loss sustained by
the Company. If requested by the Company, the
insured shall execute any and all documents to
evidence the within subrogation. If the payment
does not cover the loss of such insured claimant.
the Company shall be subrogated to such rights
and remedies in the proportion which said pay-
ment bears to the amount of said loss, but such
subrogation shall be in subordination to an insured
mortgage. If loss should result from any act of such
insured claimant, such act shall not void this
policy, but the Company, in that event, shall as to
such insured claimant be required to pay only that
part of any losses insured against hereunder which
shall exceed the amount, if any, lost to the
Company by reason of the impairment of the right
of subrogation.
11. LIABILITY LIMITED TO THIS POLICY
This instrument together with all endorsements
and other instruments, if any, attached hereto by
the Company is the entire policy and contract
between the insured and the Company.
Any claim of loss or damage, whether or not
based on negligence, and which arises out of the
status of the lien of the insured mortgage or of the
title to the estate or interest covered hereby, or
any action asserting such claim, shall be restricted
to the provisions and conditions and stipulations of
this policy.
No amendment of or endorsement to this
policy can be made except by writing endorsed
hereon or attached hereto signed by either the
President, a Vice President, the Secretary, an
Assistant Secretary, or validating officer or auth-
orized signatory of the Company.
No payment shall be made without producing
this policy for endorsement of such payment
unless the policy be lost or destroyed, in which
case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
12. NOTICES, WHERE SENT
All notices required to be given the Company
and any statement in writing required to be
furnished the Company shall be addressed to it
at the office which issued this policy or to its
Home Office, Minneapolis, Minnesota.
13. THE CHARGE SPECIFIED IN SCHEDULE A
IS THE ENTIRE CHARGE FOR TITLE
SEARCH, TITLE EXAMINATION AND
TITLE INSURANCE.
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