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HomeMy WebLinkAbout02 Safeco Insurance SAFECO TITLE INSURANCE COMPANY OF IDAHO COMMITMENT FOR TITLE INSURANCE SAFECO TITLE INSURANCE COMPANY OF IDAHO, an Idaho corporation, herein called the Company, for a valuable consideration, hereby commits to issue its policy or policies of title insurance in ALTA Single Form Policy - 1970 coverages, as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mort- gagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the. premiums and charges therefor, all subject to the provisions of Schedules A and Pi, and the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, which Insured and said amount may be changed by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate six months after the effective date hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the Company. This Commitment is further conditioned by the Conditions and Stipulations and Exclusions from Coverage of the basic form of the policy or policies committed to be issued. The examination of the public records made by Com- pany as to the land set out in Schedule A was made wholly for determining the insurability of the title to said land and not for reporting on the condition of the record. IN WITNESS WHEREOF, SAFECO Title Insurance Company of Idaho has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A. 444.1 /VAL ceee4 Secretary President 110 Pgniltt P-90 MISD Rev. 7-75 1 SCHEDULE A Order No. 11-28882 1. Effective date: November 3, 1978 at 8:00 A. N. 2. Policy or policies to be issued: Amount $37,500.00 (a) OWNERS Standard Coverage Name of proposed Insured: JESSE R. KNIGHT, A Single Man (b) Mortgage Coverage Amount: $ Name of proposed Insured: 3. The estate or interest in the land described in this commitment and covered herein is: FEE SIMPLE 4. Title to the estate or interest referred to herein is at the effective date hereof vested in: RONALD JACK PASCOE, Presumptively subject to the community interest of his wife, NORMA J. PASCOE 5. The land referred to in this Commitment is described as follows: A part of Government Lot 3, Section 15, Township 4 North, Range 3 West of the Boise Meridian in Canyon County, Idaho, more particularly described to-wit: Commencing at the Southeast Corner of Government Lot 3, Section 15, Township 4 North, Range 3 West of the Boise Meridian, the INITIAL POINT; thence South 891123' West 460.1 feet along the South line of the said Government Lot 3 to the Southwest Corner thereof, which corner is on the Easterly bank of the Boise River; thence meandering along the said Easterly bank North 0'34' West 953.8 feet; thence North 12'37'30" West 374.9 feet to the Northwest Corner of the aforesaid Government Lot 3; thence North 89'17'30" East 59.5 feet along the North line of the said Government Lot 3 to a point on the Southwesterly right of way line of Plymouth Street; thence South 22'07'30" East 1214.2 feet along the said Southwesterly right of way line to a point of curve; thence curving to the left along a curve having a radius of 805 feet and a chord bearing South 25'40'30" East 80.1 feet to a point in the East line of the afore said Government Lot 3; thence South 0'01'30" West 118.4 feet to the INITIAL POINT. EXCEPTING THEREFROM the right of way of the Boise and Interurban Railway Company. SCHEDULE B Order No. Page Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: 1. Defects,liens,encumbrances,adverse claims or other matters,if any,created,first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment, including matters that may affect the title by reason of the proposed Insured acquiring title. 2. Rights or claims of persons in possession or claiming to be in possession, easements,liens or encumbrances in- cluding material or labor liens,which are not shown by the public records; reservations in patents or state grants; or in acts authorizing the issuance thereof; mineral rights,water rights,claims or title to minerals or water.* 3. Questions of location,boundary and areas; overlaps and encroachments by improvements belonging to these or adjoining premises; all dependent upon actual survey for determination.* 4. Assessments which are not shown as existing liens by the public records; taxes not yet payable;pending proceed- ings for vacating,opening or changing streets or highways preceding entry of the final ordinance or order therefor.* *Paragraphs 2,3 and 4 will not appear as printed exceptions on extended coverage policies,except as to such parts thereof which may be typed below. (SCHEDULE B CONTINUED ON THE NEXT PAGE OF THIS COMMITMENT) NOTE: If policy is to be issued in support of a mortgage loan, attention is directed to the fact that the Company can assume no liability under its policy, the closing instructions,or Insured Closing Service for compliance with the require- ments of any consumer credit protection or truth in lending law in tonne.tion with said mortgage loan. Form 3—Commitment } Order No. 11-28882 SCHEDULE B (continued) 5. General taxes for the year 1976 and 1977, which are a lien, of which all are delinquent. 6. General taxes for the year 1978, which are a lien, payable on or before December 20 of said year and not delinquent until after said date. 7. No search made for amassment for water for irrigation. 6. Liens and assessments of Flood Control District No. 11, and the rights, powers and easements of said district as by law provided; said assessments are collected with the general taxes. 9. Rights of way for irrigation and drainage ditches and canals and roads. 10. Power line easement as granted by Ben Wheeler, a bachelor to IDAHO POWER COMPANY, a Corporation, by instrument recorded March 20, 1961, as Instrument No. 499430, records of Canyon County, Idaho...including the right from time to time to cut, trim and remove trees, brush, overhanging branches and other obstructions which may injure or interfere with the Grantee's use, occupation or enjoyment of this easement and the operation, maintenance and repair of Grantee's electrical system. 11. Any claim arising from the difference in the mean high water line of the Boise River and the meander line as shown by the Government Survey. 12. A portion of this property appears to have been acquired by accretion or avulsion in the changes of the mean high water line of the Boise River. This Commitment is issued and accepted upon the assumption that title to the alluvion follows that of the abutting property and liability thereon is excepted. FOR YOUR INFORMATION ONLY, WE ADVISE YOU OF THE FOLLOWING MATTER NOT WITHIN INSURING PROVISIONS OF THE COMMITMENT OR POLICY. According to the County records general taxes have been assessed on the following tax parcel which affect the land in question in whole or in part and which may also affect other land or personal property: Taxes on Parcel No. 124383 originally assessed in the amount of $183.98 for the year 1977.