Loading...
HomeMy Public PortalAboutResolution - 85-50- 19851113 - Lands of BaldwinRESOLUTION NO. 85-50 RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIDPENINSULA REGIONAL OPEN SPACE DISTRICT AUTHORIZING ACCEPTANCE OF PURCHASE AGREEMENT, AUTHORIZING OFFICER TO EXECUTE CERTIFICATE OF ACCEPTANCE OF GRANT TO DISTRICT, AND AUTHORIZ- ING GENERAL MANAGER TO EXECUTE ANY AND ALL OTHER DOCUMENTS NECESSARY TO CLOSING OF THE TRANSACTION (SIERRA AZUL OPEN SPACE PRESERVE - BALDWIN-WALLACE COLLEGE, AN OHIO NON-PROFIT CORPORATION) The Board of Directors of the Midpeninsula Regional Open Space District does resolve as follows: Section One. The Board of Directors of the Midpeninsula Regional Open Space District does hereby accept the offer contained in that certain Purchase Agreement between Baldwin -Wallace College, an Ohio Non-profit Corporation, and the Midpeninsula Regional Open Space District dated November 7, 1985, a copy of which is attached hereto and by reference made a part thereof, and authorizes the President or appropriate officers to execute the Agreement on behalf of the District. Section Two. The President of the Board of Directors or other appropriate officer is authorized to execute a Certificate of Acceptance to any deed(s) granting title to said property. Section Three. The General Manager of the District shall cause to be given appropriate notice of acceptance to the seller. The General Manager further is authorized to execute any and all other documents in escrow necessary or appropriate to the closing of the transaction. Section Four. The General Manager of the District is authorized to expend up to $5,000 to cover the cost of title insurance, escrow fees, and other miscellaneous costs related to this transaction. Section Five. The sum of $800,000 is hereby ordered to be withdrawn from the Midpeninsula Regional Open Space District 1985 Promissory Note Fund for this purchase. * * * * * * * * * * * * RESOLUTION NO. 85-50 PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space District on November 13 ,19 85 at a regular meeting thereof, by the following vote: AYES: Katherine Duffy, Daniel Wendin, Edward Shelley, Ernestine Henshaw, Nonette Hanko, Harry Turner and Richard Bishop. NOES: None ABSTAIN: None ABSENT:None ATTEST: APPROVED: Secretary, Board of Directors President, Board of Directors I, the District Clerk of the Midpeninsula Regional Open Space District, hereby certify that the above is a true and correct copy of a resolution duly adopted by the Board of Directors of the Midpeninsula Regional Open Space District by the above vote at a meeting thereof duly held and called on the above date. 44, Dis ict Clerk PURCHASE AGREEMENT THIS AGREEMENT is made and entered into by and between Baldwin - Wallace College, an Ohio Non-profit Corporation, hereinafter called "SELLER" and the Midpeninsula Regional Open Space District, hereinafter called "DISTRICT." 1. PURCHASED PROPERTY SELLER agrees to sell to DISTRICT, and DISTRICT agrees to purchase from SELLER, SELLER'S real property located within an unincorporated area of Santa Clara County, State of California, consisting of nine hundred eighty-seven and 51/100ths acres (987.51), more or less, and commonly referred to as Santa Clara County Assessor's Parcel Nos. 562-07-002 & -004, 562-08.006, 562-22-006, 562-23-0011 and 575-12-003; said property being more particularly described in Preliminary Title Report No. 501613, dated July 2, 1984, from First American Title Guaranty Company, said Report being designated Exhibit "A", as attached hereto and by this reference incorporated herein and made a part hereof. Said property being acquired together with any easements, rights of way, or rights of use which may be appurtenant or attributable to the aforesaid lands, and any and all improvements attached or affixed thereto. 2. PURCHASE PRICE AND MANNER OF PAYMENT The total purchase price shall be Eight Hundred Thousand and No/100 Dollars ($800,000.00) payable in cash at such time as escrow may be closed and title conveyed to the DISTRICT under the terms and conditions set forth herein. 3. TITLE AND POSSESSION Title and possession of the subject property shall be conveyed to DISTRICT at the close of escrow by Grant Deed, free and clear of all liens, encumbrances, judgments, easements, taxes, assessments, covenants, restrictions, rights, and conditions of record except: A. Taxes for the fiscal year in which this escrow closes shall be proratedas of the closing date. B. Typewritten Exceptions Numbered 3, 4, 5, 6, 7, 8, 9, 10 and 11 listed in said Preliminary Title Report (Exhibit "A"). 4. COSTS DISTRICT shall pay all escrow, recording, and customary title insurance charges and fees incurred in this transaction. SELLER shall be responsible for, and pay all Purchase Agreement Baldwin -Wallace College Page Two costs of any reconveyance of Deed of Trust, full release of mortgage, payment of liens, discharge of judgments, or any other charges, costs, or fees incurred in order to deliver marketable title to DISTRICT. 5. WAIVER OF STATUTORY COMPENSATION. SELLER understands that it may be entitled to receive the fair market value of the property under the Federal Uniform Relocation Assistance and Real Property Acquisition Act of 1970 (Public Law 91-646) and California Government Code Section 7267, gg seq. SELLER acknowledges that it is familiar with the applicable Federal and California law. SELLER hereby waives all existing and future rights it may have to receive the fair market value of the property under any applicable Federal or California law. 6. COMMISSIONS DISTRICT shall pay a real estate agent's fee in connection with this transaction in the amount of Thirty Thousand and No/100 Dollars ($30,000.00) to N. A. Lefmann Associates, at close of escrow as further provided herein. DISTRICT has not dealt with any other real estate agent in connection with this transaction, and recognizes N. A. Lefmann Associates as procuring broker. 7. LEASES OR OCCUPANCY OF PREMISES SELLER warrants that there exist no oral or written leases or rental agreements, granted or entered into by SELLER, affecting all or any portion of the subject property. SELLER further warrants and agrees to hold DISTRICT free and harmless and to reimburse DISTRICT for any and all costs, liability, loss, damage or expense, including costs for legal services, occasioned by reason of any such lease or rental agreement of the property being acquired by DISTRICT. 8. ACCEPTANCE AND TERMS OF ESCROW Provided that SELLER executes this Agreement and delivers it to DISTRICT on or before November 8, 1985, DISTRICT shall have until November 14, 1985 to accept and execute this Agreement, and during said period this instrument shall constitute an irrevocable offer by SELLER to sell and convey the aforesaid real property to DISTRICT for the consideration and under the terms and conditions herein set forth. As consideration for the tender of said offer, the DISTRICT has paid and SELLER acknowledges receipt of the sum of Ten and No/100 Dollars ($10.00). Purchase Agreement Baldwin -Wallace College Page Three Provided that this Agreement is accepted and executed by DISTRICT, this transaction shall close as soon as practi- cable through an escrow to be conducted by First American Title Guaranty Company, 675 North First Street, San Jose, California 95112, or other such escrow holder as may be designated by DISTRICT. In no event shall escrow close later than November 29, 1985. 9. ACCRUAL The provisions hereof shall accrue to the benefit of and bind the respective heirs, devisees, assigns, or successors in interest of the parties hereto. MIDPENINSULA REGIONAL OPEN SPACE SELLER DISTRICT APPROVED AS TO FORM: Stanley Norton, District Counsel ACCEPTED OR RECOMMENDATION: L. Craio Britton, SR/WA Land Acquisition Manager APPROVED AND ACCEPTED: ATTEST: Disj ict Clerk Baldwin -Wallace College, an Ohio Non -Profit Corporation By ///7//9Y5 - Date Date 4St AMER/c 4 • ► _' 4' ti Subject to a minimum charge required by Section 12404 of the insurance Code FCt American Title Cuaranty Company ❑ CAMPBELL 2020 SOUTH 8&5coµ AVE CAMPBELL, CA 95008 44081 377.2992 Midpeninsula Regional Open Space District 375 Distel Circle, Suite D-1 Los Altos, CA 94022 D CUPERTINO 10370 SOUTH DEANZA BLVD. CUPERTINO. CA 95014 44081 252.7000 0 sLOSSOm HILLSAN JOSE 499 BLOSSOM HILL RD. SAN JOSE. CA 95123 44081227-5111 Attn: L. Craig Britton Form of Policy Coverage Requested: EISAN JOSE 575 NORTH FIRST ST. SAN JOSE. CA 95112 14081 286-6353 0 LOS ALTOS 445 SAN ANTONIO RD. .101 LOS ALTOS. CA 94022 44151941.3320 0 WEST VALLEY.$AJI JOSE 4125 BLACKFORD AVE. •100 SAN JOSE. CA 95117 14081 2249.4)611 TITLE OFFICER: Chris Sparks Escrow Officer: JoAnn Cardinale Your No.: None shown Our Order No.: 501613 Property Address: Not available 0 PALO ALTO 550 HAMILTON AVE. PALO ALTO. CA 94301 1415! 326.5050 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 of Title Insurance in the form specified above, 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 form. The Printed Exceptions and Exclusions from the coverage of said Policy or Policies are attached. Copies of the Policy forms should be read. They are available from the office which issued this report. This report (and any supplements or amendments thereto) is issued solely for the purpose of facilitating the issuance of a policy of title insur- ance 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. Dated as of July 2, 1984 at 7:80 a.m. TITLE OPERATIONS MANAGER Title to said estate or interest at the date hereof is vested in: BALDWIN-WALLACE COLLEGE, an Ohio non—profit corporation The estate or interest in the land hereinafter described or referred to covered by this Report is: A FEE At the date hereof exceptions to coverage in addition to the printed exceptions and exclusions contained in said policy form would be as follows: (SEE NEXT PAGE) FORM 4288.201 (REV. 12/83) Page Order No. 501613 Page 2 1. Taxes for the fiscal year 1984-85, a lien not yet due or payable. 2. The lien of supplemental taxes assessed pursuant to Chapter 498, Statutes 1983 of the State of California. 3. Any adverse claim based upon the assertion that: "Said land or any part thereof is now or at any time has the ordinary high water mark of the Rincon Creek and the Creek." "Some portion of said land has been created by artificial accreted to such portion so created." been below Guadalupe of menas or has "Some portion of said land has been brought within the boundaries thereof by an avulsive movement of the Rincon Creek and the Guadalupe Creek, or has been formed by accretion to any such portion." 4. "Such rights and easements for navigation and fishery which may exist over that portion of said land lying beneath the waters of Rincon Creek and the Guadalupe Creek." 5. Lack of Record Access to any public street or highway. Said matter affects Parcel 5. 6. Easement for the purposes stated herein and incidents thereto For : Right of Way Reserved by : David H. Hahn Recorded May 15, 1871 in Book 22 of Deeds, page 43, Santa Clara County Records. Affects : Along the banks of the Capitancillos Creek Said matter affects Parcel 6. 7. Rights granted by Mary Lord Sexton, an unmarried woman, to Santa Clara Valley Water Conservation District, a water conservation district, by Deed dated April 23, 1935, recorded April 25, 1935 in Book 724 Official Records, page 454, Santa Clara County Records, reference to the record thereof is hereby made for further particulars. 8. Easement for the For Granted to Recorded Affects purposes stated herein and incidents thereto Underground wires, cables and other electrical conductors The Pacific Telephone and Telegraph Company, a corporation April 20, 1956 in Book 3472 Page 526, Official Records As follows: Order No. 501613 Page 3 8. (Continued). MI The south half of the southeast quarter (S 1/2 of SE 1/4) of Section 9, Town- ship 9 South, Range 1 East, M.D.B. & M. Said instrument contains a recital as follows: Said Right of Way is twenty (20) feet in width, ten (10) feet on each side of the center line as now surveyed and staked by grantee upon the above described property. Said matter affects Parcel 5. The exact location of said easement is not defined of record. 9. Easement for the purposes stated herein and incidents thereto For : Electric transmission lines Granted to : Pacific Gas and Electric Company, a California Corporation Recorded July 18, 1969 in Book 8609 Page 276, Official Records Affects : As follows: (1) A strip of land of the uniform width of 120 feet extending from the westerly boundary line of Lot 4 of Section 5, Township 9 south, range 1 east, M.D.B. & M., and from the southwesterly boundary line.of the parcel of land described and designated Parcel Nine in said Deed dated November 1, 1968 southeasterly to the southeasterly boundary line of said parcel of land designated Parcel Nine and lying 60 feet on each side of the line which begins at a point in the westerly boundary line of said Lot 4. and runs thence south 77° 50-1/2' east 230 feet, more or less, to a point herein for convenience called point "B": thence continuing south 77° 50-1/2',east 280 feet more or less, to a point in the southeasterly boundary line of said parcel of land designated Parcel Nine; said point "B" bears south 58° 47' east 5709.4 feet distant from the 2-1/2 inch brass cap (marked Lindeman, Lean, Peckham, El Encino, P.S.J. #11) marking the southeasterly terminus of a course in the westerly boundary line of the 121 acre parcel of land described in the Deed from Herbert James and wife to Francis H. Tucker and wife dated March 1, 1940 and recorded in the office of said County Recorder in Book 977 of Official Records at page 55, which course, according to the description contained in said Deed dated March 1, 1940, has a bearing of south 10° 45' east and a length of 665 feet. Page /or, 4 Order No. 501613 Page 4 9. (Continued) (2) A strip of land of the uniform width of 120 feet extending from the westerly boundary line of the southeast quarter of Section 6, Township 9., South, Range 1 east, M.D.B.&M., southeasterly to the easterly boundary line of Lot 2 of said Section 5, and lying 60 feet on each side of the line which begins at a point in the westerly boundary line of the southeast quarter of said Section 6 and runs thence south 79° 58-1/2' east 1420 feet, more or less, to a point.herein for convenience called Point "C"; thence south 86° 33' east 3291.4 feet; thence south 77° 50-1/2' east, 450 feet, more or less, to a point in the easterly boundary line of said Lot 2; said point "C" bears south 9° 12' west 2366.0 feet distant from said 2-1/2 inch brass cap. Terms and Conditions contained in the instrument last above referred to. Said matter affects Parcels One, 1\o and Seven. The provisions in said easement relative to severance damages have been modified by the instrument dated June 6, 1969, executed by Pacific Gas and Electric Com- pany, recorded July 18, 1969 in Book 8609 Official Records page 282. 10. Any facts, rights, interest or claims which a correct survey would show. 11. Any and all unrecorded leases which may be disclosed by an inspection of the premises. 12. The Requirement that the identity of New Idria Mining and Chemical Company, a Nevada corporation in the instrument recorded November 18, 1968 in Book 8338, page 186 be established as being the same person as New Idria, Inc., a Nevada corporation in the instrument recorded February 15, 1983, Book H342, page 36, Official Records. aBil" Pogo Order No. 501613 Page 5 NOTES: 1) According to the public records, there have been no deeds conveying the herein described property recorded within six months prior to the date hereof except as follows: NONE 2) Both installments of Taxes for the fiscal year 1983-84 have been paid in full. 1st installment : None 2nd installment : $17.80 Assessors No. : 562-07-002-M1 Code Area : 72-007 (Said matter affects Parcel three and portion of Parcel Two) Both installments 1st installment 2nd installment Assessors No. Code Area of Taxes for the fiscal year 1983-84 have been paid in full. : $575.27 $575.27 562-07-002 72-007 (Said matter affects Parcel Three and portion of Parcel Two) Both installments 1st installment 2nd installment Assessors No. Code Area of Taxes for the fiscal year 1983-84 have been paid in full. : $255.05 : $255.05 : 562-07-004 : 72-007 (Said matter affects portion of Parcel Two) Both installments 1st installment 2nd installment Assessors No. Code Area of Taxes for the fiscal year,1983-84 have been paid in full. None $53.40 562-08-006-M1 72-007 (Said matter affects Parcels One and Four) Both installments 1st installment 2nd installment Assessors No. Code Area of Taxes for the fiscal year 1983-84 have been paid in full. : $922.18 • $922.18 562-08-006 72-007 (Said matter affects Parcels One and Four) Page Order No. 501613 Page 6 NOTES: (Continued) Both installments of taxes for the fiscal year 1983-84 have been paid in full. 1st installment : None 2nd installment : $17.80 Assessors No. : 562-22-006-M1 Code Area : 72-007 (Said matter affects portion of Parcel Five) Both installments 1st installment 2nd installment Assessors No. Code Area of taxes for the fiscal year 1983-84 have been paid in full. $521.89 : $521.89 : 562-22-006 : 72-007 (Said matter affects portion of Parcel Five) Both installments lst installment 2nd installment Assessors No. Code Area of Taxes for the fiscal year 1983.-84. have been paid in full. : $100.86 $100.86 562-23-001 72-007 (Said matter affects portion of Parcel Five) Both installments of Taxes for the fiscal year 1983-84 have been paid in full. lst installment : None 2nd installment Assessors No. Code Area $17.80 575-12-003-M1 80-002 (Said matter affects Parcels Six and Seven) Both installments of Taxes for the fiscal year 1983-84 have been paid in full. lst installment $462.38 2nd installment : $462.38 Assessors No. : 575-12-003 Code Area : 80-002 (Said matter affects Parcels Six and Seven) Order No. 501613 Page 7 LEGAL DESCRIPTION: Real property situated in the County of Santa Clara, State of California, described as follows: PARCEL ONE: The southeast 1/4 and the southeast 1/4 of the southwest 1/4 of Section 6 Township 9 south, Range 1 east, M.D.M., according to the Official Plat thereof. PARCEL TWO: . Lots 2 and 4 and the northwest 1/4 of the southwest 1/4 of Section 5, Township 9 south, Range 1 east M.D.M., according to the Official Plat thereof. PARCEL THREE: The northeast 1/4 of Section 8, Township 9 south, Range. 1 east, M.D.M., according to the Official Plat thereof. PARCEL FOUR: The northeast 1/4 of the northwest 1/4 and north 1/2 of the northeast 1/4 of Section 7, Township 9 south Range 1 east, M.D.M., according to the Official Plat thereof. PARCEL FIVE: Lot 1 of Section 10 and Lot 4 and southeast 1/4 of Section 9, Township 9 south, Range 1 east, M.D.M., according to the Official Plat thereof. PARCEL SIX: St Beginning at a point on the easterly line of Hahn's land (now or formerly) distant northerly 300 feet from a tree marked "L" standing in the Capitancillos Creek; thence southwesterly on a line parallel with the general course of said creek to the south- westerly line of said lands; thence southeasterly crossing said creek and along said southwesterly line to the end thereof which is the apex of a triangle; thence in a straight line through the tree above mentioned to the place of beginning, forming a triangular piece of land. EXHiBiT Pale t• Order No. 501613 Page 8 LEGAL DESCRIPTION (Continued) PARCEL SEVEN: Beginning at the southwest corner of land heretofore sold by the authorities of the City of San Jose to Francisco Mendibles, and thence running northerly along the westerly line of lands so sold to Mendibles to the line of lands sold by said City to L. Billou; thence southwesterly along the line of said land sold to said Billou by said City to an Alder Tree marked "L"; thence due south along the line of land heretofore sold by said City to D. H. Hahn to the end of said line; thence along the southwesterly line of the Pueblo lands, south 58° 24' east 28 chains to a stake (which bears north 58° 24' west 13 chains from post "P.L.2" on Section Line U.S. Survey); thence north 47 1/4° east 27 chains to the point of beginning. LIST OF PRIN` O EXCEPTIONS AND EXCLU(NS (By Policy Type) 6. Any right title interest e stae or easement m land beyond the lines the area specifically described or referred to in Schedule A. or in abutting streets, roads, avenues, alleys, lanes. ways or waterways. but nothing in this paragraph shall modify or limit the extent to which the ordinary right of an abutting owner for access to a physically open street or highway is insured by this policy. 9. Defects, liens. encumbrances, adverse claims, or other matters (a) created. suffered, assumed or agreed to by the insured claimant; (b) not shown by the public records and not otherwise excluded from coverage but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had been a purchaser or encumbrancer for value without knowledge. 1. CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1973 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 following: Part I 1. Taxes or assessments which are not shown as existing liens 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. 2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of the 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 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water. t 7. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions, or location of any improvement now or hereafter erected on the land, or prohibiting a separation in 8. ownership or a reduction in the dimensions. or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records. 3• Defects liens encumbrances. cumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder, (c) resulting in no loss or damage to the insured claimant, (d) attaching or created subsequent to Date of Policy;or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 2. AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY FORM B -1970 (AMENDED 10-17-70) SCHEDULE OF EXCLUSIONS FROM COVERAGE 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in 2. ownership or a reduction in the dimensions of area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. Rights of eminent domain or governmental rights of policy power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. AMERICAN LAND TITLE ASSOCIATION RESIDENTIAL TITLE INSURANCE POLICY -1979 EXCLUSIONS In addition to the Exceptions in Schedule 8, you are not insured against loss. costs, attorneys' fees and expenses resulting from: 1. Governmental police power, and the existence or violation of any law or government regulation. This includes building and zoning ordinances and also lews and regulations concerning; • land use • land division • improvements on the land • environmental protection This exclusion does not limit the zoning coverage described in Items 12 and 13 of Covered Title Risks. 2. The right to take the land by condemning it. unless a notice of taking appears in the public records on the Policy Date. 3. Title Risks: • that are created, allowed, or agreed to by you • that are known to you, but not to us, on the Policy Date - unless they appeared in the public records • that result in no loss to you • that first affect your title after the Policy Date - this does not limit the labor and material lien coverage in Item 8 of Covered Title Risks 4. Failure to pay value for your title. 5. Lack of a right: • to any land outside the area specifically described and referred to in Item 3 of Schedule A. or • in streets. alleys, or waterways that touch your land This exclusion does not limit the access coverage in Item 5 of Covered Title Risks. SCHEDULE B - EXCEPTIONS In addition to the Exclusions, you are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Any rights, interests or claims of parties in possession of the land not shown by the public records. 2. Any easements or liens not shown by the public records. This exception does not limit the lien coverage in Item 8 of Covered Title Risks. 3. Any facts about the land which a correct survey would disclose and which are not shown by the public records. This exception does not limit the forced removal coverage in item 12 of Covered Title Risks. 4. Any water rights. claims or title to water on or under the land. FORM 4288-1 (12/83) Continued on Next Page 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant: (d) attaching or created subsequent to Date of Policy (except to the extent insurance is afforded herein es to any statutory lien for labor or material or to the extent insurance is afforded herein as to assessments for street improvements under construction or completed at Date of Policy). 4. Unenforceability of the lien of the insured mortgage because of failure of the insured at Date of Policy or of any subsequent owner of the indebtedness to comply with applicable "doing business" laws of the state in which the land is situated. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. AP'ICAN LAND TITLE ASSOCIATION LOAN 7\ ICY - 1970 WITH A.L.T.A. ENDORSEMENT FORM 1 COVERAGE (AMENDED 10-17-70) SCHEDULE OF EXCLUSIONS FROM COVERAGE 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate' or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; Id) attaching or created subsequent to Date of Policy (except to the extent insurance is afforded herein as to any statutory lien for labor or material or to the extent insurance is afforded herein as to assessments for street improvements under construction or completed at Date of Policy.) 4. Unenforceability of the lien of the insured mortgage because of failure of the insured at Date of Policy or of any subsequent owner of the indebtedness to comply with applicable "doing business" laws of the state in which the land is situated. 5. AMERICAN LAND TITLE ASSOCIATION OWNERS POLICY FORM B -1970 (AMENDED 10.17.70) WITH REGIONAL EXCEPTIONS • SCHEDULE OF EXCLUSIONS FROM COVERAGE 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions of area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. SCHEDULE B This policy does not insure against loss or damage by reason of the matters shown in parts one and two following: Part One: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property 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, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. 6. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 6. AMERICAN LAND TITLE ASSOCIATION LOAN POLICY -1970 WITH•ALTA ENDORSEMENT FORM 1 COVERAGE (AMENDED 10-17-70) WITH REGIONAL EXCEPTIONS SCHEDULE OF EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy: 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulationg or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. SCHEDULE B This policy does not insure against loss or damage by reason of the matters shown in parts one and two following: Part One: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. An 6. Any lien, or right to a lien. for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 1. Any law, ordinance or governmental regulation (inducing but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character. dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 2. y 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, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortgage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. FORM 4288.2 (12/83) e -� s 9, 0, a • 3 40AC. 20A(. 20AC 4OAC. POckiSON rARCEL IW 1 16 /5 25 £6K TOTAL 40 AC. 20 X. 9* 60 AC. or OAt `E (21 sot) C OG esit S4 C4 4.4 Co u r 41, '/4 17_ No . B 3 2OAC. 4s< EX WI' a of M • Is 9 r use s r . 74' 2'5 pfr� 4 r r S"�: :z Y 2. 720 Nr ,o W B v Q Si 4 r", 1 i • 0 Pco r L. ti' (.11 03 1 1 E BIT Page NIC Ob • M'D-pFNi Nstik� a l/ • 45.3 AC. TOTAL • •• p ,n � / /6 OFFICE OP COUNTY ASSESSOR • • • SANTA CLARA COUNTY, CALIFORNIA TWP. 9 S., R.1 E. • 6 PORTION PARCEL FIVE 1 • EXEI BIT Page 27 fr (40Ac: ) 10 (49.59Ic. 83.40 LOT 2 AC. TOTAL ' 5 (BOAC) 4 • w :AJ 4' AC.TOTAL ceK *,9 � ti 22'JAC LOT 3 6 0 X964.02 • *AC) --�� 1(3159 4• 43/ �` 1-0T d, N /, ���_` 'TWJ 4,c `Exs' p( ' 1 4Q ki 1 "= 600' SCALE 11 153.59 AC . TOTAL Q • r `c q 0 'fl 4. b qs 0 0 s • • • wdssmssv a 1 • ssso1 OFFICE OF COUNTY ASSESSOR • ' *b +Y ab• •:' e PCL. A '411/;;;;;• C. GR. pCl. A 154.88 AC. GR. esc S.W. VHF PUEBLO TRACT 2 55 .� --- • Jill. if • 4 • 4F •r 38.28 Ac. 44,;;;;...* SANTA ., .lb 07 0 CLANA COUNTY, CALIFORNIA 5 7 ‘® ROAD 2132 PM.500-M-9 140.12 •••' 213 2f•..r 301.0 s• I4'1) '4 •A 0,0 laia 4 .,V 9;' •a_ 1 ',a t qr 0, .•A sip PCL. 8 /3 r gl 6- • tit R.D.S. 490, f to JZ- a Pi • tzo P•a' • EXP Page