1992-16966-Resolution No. 92-036 Recorded 5/21/199292-16966
REVI
LE ,4L COUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Initiating Proceedings
to Foreclose on Real Property Known
as Lower Bridge Estates in Deschutes
County, Oregon; Listing Deedholder to
Properties; Attaching Litigation Reports
on Said Properties; the Amount of the
Assessment and Interest Due; and
Referring this Resolution to County
Counsel for Appropriate Legal Action.
RESOLUTION NO. 92 -036
011 8-0502
WHEREAS, the Deschutes County Treasurer has referred for
collection delinquent assessments for improvements benefitting real
properties described in the Litigation Guarantees labelled groups "A"
through "J" attached hereto and by this reference incorporated
herein; and
WHEREAS, the assessment payments for said improvements have been
delinquent since at least 1987 and have not been paid despite demands
duly made and presented; and
WHEREAS, Litigation Guarantees have revealed that Federal
Savings and Loan Insurance Corporation (now FDIC), in its
receivership capacity for Citizens Savings and Loan, is the
deedholder of properties labelled groups "D" and "I," and Lot 12,
Block 5 of group "H;" Bill Mayfield is the deedholder of properties
labelled groups "B," "C" and "G," and Lot 5, Block 3 of Group "H;"
the Estate of Rodney K. Houser is the deedholder of property labelled
group "A;" Stevens and Lee Investment is the deedholder of property
labelled group "E;" Johnson's Parkway Realty, Inc., is the deedholder
of property labelled group "F;" Jerald E. Fox, Lando D. Crittenden
and G. Louise Crittenden, Gerald G. Dumont and Alma M. Dumont, Robert
A. Giuliani and Katherine M. Giuliani, Eldon L. Erickson and Carol F.
Erickson, Richard W. Henton and June M. Henton, Joneth Ann Lucht, Bob
D. Wehnert, Stanley A. Rich, Michael P. Moore and Sandra L. Moore,
Lloyd V. Swanson, James G. Youde and Judith D. Youde, G. R. Alexander
and Catherine Alexander, and Bernard E. Musch and Connie B. Musch are
the deedholders of properties labelled Group "J;" and that numerous
parties have an interest in all of said properties; and
WHEREAS, the Board of County Commissioners has determined it to
be in the public interest to foreclose on said properties; now,
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the Board of County Commissioners finds that
there is an outstanding unpaid improvement assessment on the subject
W CnC)ty D
11 i €t 41 i99?
0118-0503
properties totaling $127,224.61 plus interest accruing at a rate of
12% per annum from the date each assessment payment was /is due.
Section 2. That it is the intent of the Board of County
Commissioners that foreclosure proceedings be initiated to foreclose
on the subject properties, naming as defendants those parties
identified by title search as having an interest in the subject
property.
Section 3. County Counsel shall proceed to foreclose on said
property.
DATED this
ATTES'�
day of -1 l Lf,1V%I , 1992.
BOAR OF C UNTY COMMISSIONERS
OF DESCHUT S COUNTY, OREGON
Recording Secretary
TO 1I1HHRdOP, fommissioner
/lCdatf.(
,),A(AdAkop„___
NANCY POP SC1LANGEN, CommisOioner
DICK MAUILIN, Chairman
2 - RESOLUTION NO. 92 -036 (5/13/92)
CIO IN URANCE
0118 -0504
Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
By
Dated:
Attest
C tersigne :
By O44(,) 4l_/-; /..«
Validating Signatory
President
Secretary
TO 2551 OR (1 -84) Form 8.5
Guarantee Conditions and Stipulations
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof, water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers, to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0506
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
TO 2551A OR (5 -87)
Litigation Guarantee No.
GL38 000131
1. Name of Assured:
Amount of Guarantee
$ 19,000.00
Date of Guarantee
December 5, 1991
DESCHUTES COUNTY, OREGON,
a Municipal Corporation.
OWNERS POLICY
Schedule A
0118 -0507
102175 —TA
Premium
$185.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
THE HEIRS AT LAW OF RODNEY K. HOUSER, Deceased
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lot Twenty -Two (22), Block One (1), LOWER BRIDGE ESTATES, Deschutes County,
Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
Litigation Guarantee - Form 8.5
Page 1 of Exhibit "A ", Order No. 102175 -TA, dated December 18, 10 18-0508
EXHIBIT "A"
Taxes assessed under Code No. 2 -3 Account No. 14 12 14B 300
Serial No. 165368, (Affects Lot 22, Block 1)
1. The 1986 -1987 Taxes; $436.60, plus interest, UNPAID.
2. The 1987 -1988 Taxes; $439.12, plus interest, UNPAID.
3. The 1988 -1989 Taxes; $481.53, plus interest, UNPAID.
4. The 1989 -1990 Taxes; $436.64, plus interest, UNPAID.
5. The 1990 -1991 Taxes; $355.50, plus interest, UNPAID.
NOTE: The above taxes are subject to foreclosure action, filed August 16,
1990, case No. 91CV0344TM.
6. All lots are subject to a Local Improvement District Assessment due -
K024
7. Rights of the public and governmental bodies in and to that
portion of said premises, now or at any time, lying below the ordinary
high water line of the Deschutes River, including any ownership rights
which may be claimed by the State of Oregon below high water mark.
(Affects Lot 22, Block 1)
8. Such rights and easements for navigation and fishing as may exist over
that portion of the property, now or at any time, lying beneath the
waters of the Deschutes River. (Affects Lot 22, Block 1)
9. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: - January 15, 1979
Recorded: January 29, 1979
Book /Page: 261/843, Mortgage records.
Mortgagor: Bill Mayfield
Mortgagee: Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 269/970, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
CONTINUED
0118-tl0509
Page 2 of Exhibit "A ", Order No. 102175 -TA, dated December 18, 1991.
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB0103JT.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
10. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
$No amount shown
March 15, 1979
April 4, 1979
265/497, Mortgage records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johson and Oliver R. Jones, Trustees
(For Security Purposes)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB0103JT.
11. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
12. Deed of
indebtedness
Amount:
Dated:
Recorded:
Book /Page:
Grantor:
Trustee:
Beneficiary:
Affects:
Trust, including the terms and provisions thereof, to secure an
of the amount herein stated.
$25,500.00
April 18 1981
May 18, 1981
313 /82,Mortgage Records
Rodney K. Houser
Central Oregon Escrow
Gerald A. Dowd
Lot 22, Block 1
The beneficial interest under said Deed of Trust was assigned of record by
instrument
Dated: September 3, 1981
Recorded: November 5, 1981
Book /Page: 321 /567,Mortgage Records
Assigned to: William C. Dowd and Irene Dowd
CONTINUED
0118-0510
Page 3 of Exhibit "A ", Order No. 102175 -TA, dated December 18, 1991.
13. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
14. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
15. The effect, if any, of the following documents:
Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Johnson's Parkway Realty, Inc., an Oregon Corporation
Vendee: Rodney K. Houser
As disclosed by: Memorandum of Contract
Recorded: November 7, 1983
Book /Page: 32/399, Deed Records
Affects: Lot 22, Block 1
Statutory Warranty Deed from Lower Bridge Estates, a joint venture consisting
of Johnson's Parkway Realty, Inc., an Oregon Corporation, and Rodney E.
Houser to Johnson's Parkway Realty, Inc., an Oregon Corporation, recorded
November 7, 1983, in Book 32, Page 410, Deschutes County Records.
The Vendor's interest thereunder duly assigned of record by Assignment
Recorded: December 22, 1983
Book /Page: 37/918, Deschutes County Records
Assigned to: Citizens Savings and Loan Association
(For security purposes only)
The Vendor's interest thereunder duly assigned of record by Assignment
Recorded: January 16, 1984
Book /Page: 40/606, Deschutes County Records
Assigned to: Citizens Savings and Loan Association
CONTINUED
0118 -0511
Page 4 of Exhibit "A ", Order No. 102175 -TA, dated December 18, 1991.
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705, etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 9
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 10
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Katheryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
3. William G. Dowd and Irene Dowd
Address unknown
Re: Exception No. 12
4. FDIC manager of FSLIC, receiver for Citizens Savings and Loan Association,
2870 Zanker
San Jose, California 95134
Re: Exception No. 15
5. The Heirs at Law of Rodney K. Houser, deceased.
END
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0118-051=
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0118-0513
TICOR TITLE
INSURANCE Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
Dated:
(signed:
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
Validating Signatory
By
Attest
President
Secretary
TO 2551 OR (1 -84)
Form 8.5
0118 -0514
Guarantee Conditions and Stipulations
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the and express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such and abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
tor such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0515 .. ,
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
TO 2551A OR (5 -87)
Litigation Guarantee No.
GL38 000126
1. Name of Assured:
Amount of Guarantee
$ 15,000.00
Date of Guarantee
Decembr 5, 1991
DESCHUTES COUNTY, OREGON
a Municipal Corporation
OWNERS POLICY
Schedule -A
0118-0516
1n217h_mb_
Premium,. , 1
$ 150.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
BILL MAYFIELD
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lot Seven (7), Block Three (3), LOWER BRIDGE ESTATES, Deschutes County,
Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
Litigation Guarantee - Form 8.5
0118 -051'7
Page 1 of Exhibit "A ", Order No. 102176 -TA, dated December 20, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22C 300
Serial No. 165421, (Affects Lot 7, Block 3)
1. The 1987 -1988 Taxes; $382.03, plus interest, UNPAID.
2. The 1988 -1989 Taxes; $384.23, plus interest, UNPAID.
3. The 1989 -1990 Taxes; $380.15, plus interest, UNPAID.
4. The 1990 -1991 Taxes; $344.72, plus interest, UNPAID.
5. The 1991 -1992 Taxes: $280.64, plus interest, UNPAID.
NOTE: The above taxes are subject to foreclosure action filed
September 25, 1990, Case No. 9OCVO314TM.
6. Subject to a Local Improvement District Assessment
No. K -024 in favor of Deschutes County.
7. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: January 15, 1979
Recorded: January 29, 1979
Book /Page: 261/843, Mortgage records.
Mortgagor: Bill Mayfield
Mortgagee: Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated:- November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- O1O3JT.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
CONTINUED
0118 -0518
Page 2 of Exhibit "A ", Order No. 102176 -TA, dated December 20, 1991
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
8. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
$No amount shown
March 15, 1979
April 4, 1979
265/497, Mortgage records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For Security Purposes)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
9. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
10. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
11. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
12. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Lower Bridge Estates, a joint venture consisting of
Johnson's Parkway Realty, Inc., an Oregon Corporation
Vendee: Robert H. Belknap and Susan L. Belknap
As disclosed by: Memorandum of Contract
Recorded:
Book /Page:
Affects:
The Vendor's
Recorded:
Book /Page:
Assigned to:
January 22, 1982
353/142, Deed Records
Lot 7, Block 3
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
CONTINUED
Page 3 of Exhibit "A ", Order No. 102176 -TA, dated December 20, 19991. 8°0519
A Suit to foreclose the above contract was filed November 13, 1985, case No.
85- CV- 0488WE. A sale was held on June 12, 1986 at which the attorney for
plaintiff bid and a Return of Execution was filed on June 18, 1986, however, a
Sheriff's Deed was not recorded.
Quitclaim Deed from Federal Deposit Insurance Corporation, as Receiver of
Citizens Savings and Loan Association to Bill Mayfield, recorded July 22,
1991, in Book 240, Page 1164, Deschutes County Records.
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705 etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 7
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 8
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
3. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 12
END
: T4S. .W.
-ES COUNTY A
0118 -0520
200' COASPLI2yiENTS OF
BEI'D 'i'.LE
COMPANY
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TICOR TITLE
INSURANCE
Litigation Guarantee
0118-0521
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
Dated:
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
Go-untersigned:
Validating Signatory
By
,yt
President
Attest f Secretary
TO 2551 OR (1 -84) Form 8.5
0118-05 2
Guarantee Conditions and Sty ulations
A
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such and abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the rnortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
•
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0523
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
TO 2551A OR (5 -87)
OWNERS POLICY
Schedule A
0118 -0524
102178 —TA
Litigation Guarantee No.
GL38 OOO12
1. Name of Assured:
Amount of Guarantee
$ 97 . Q00. nn
Date of Guarantee
December 5. 1991
DESCHUTES COUNTY, OREGON
a Municipal Corporation
Premium
$ 450.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
BILL MAYFIELD
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lot Four (4), Block Two (2); Lot Seven (7), Block Four (4), Lots Two (2),
Nine (9) & Ten (10), Block Five (5), all in LOWER BRIDGE ESTATES, Deschutes
County, Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
I Ithnn nn (;i r1r-4■1.-nn - F"nrm P',
EXHIBIT "A"
0118 =0525
Page 1 of Exhibit "A ", Order No. 102178 -TA, dated December 27, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 600
Serial No. 165397, (Affects Lot 4, Block 2)
1. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
2. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 1000
Serial No. 165402, (Affects Lot 7, Block 4)
3. The 1990 -1991 Taxes; $310.24, plus interest, UNPAID.
4. The 1991 -1992 Taxes: $299,39, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22D 300
Serial No. 165425, (Affects Lot 2, Block 5)
5. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
6. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 600
Serial No. 165434, (Affects Lot 9, Block 5)
7. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
8. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 500
Serial No. 165433, (Affects Lot 10, Block 5)
9. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
10. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
11. Rights of the public and governmental bodies in and to that
portion of said premises, now or at any time, lying below the ordinary
high water line of the Deschutes River, including any ownership rights
which may be claimed by the State of Oregon below high water mark.
(Affects Lots 2, 9, & 10, Block 5)
12. Such rights and easements for navigation and fishing as may exist over
that portion of the property, now or at any time, lying beneath the
waters of the Deschutes River.
13. All lots are subject to a Local Improvement District Assessment
No. K -024 in favor of Deschutes County.
CONTINUED
0118-0526
Page 2 of Exhibit "A ", Order No. 102178 -TA, dated December 27, 1991.
14. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: January 15, 1979
Recorded: January 29, 1979
Book /Page: 261/843, Mortgage records.
Mortgagor: Bill Mayfield
Mortgagee: Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch,. recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
15. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
Said Mortgage
Recorded:
Book /Page:
Assigned to:
(For Security
$No amount shown
March 15, 1979
April 4, 1979
265/497, Mortgage records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Bill Mayfield
was assigned of record by instrument
June 27, 1980
293/787, Mortgage records.
Lyman C. Johnson and Oliver R. Jones, Trustees
Purposes)
CONTINUED
0118 -0527
Page 3 of Exhibit "A ", Order No. 102178 -TA, dated December 27, 1991.
16. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
17. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
18. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
19. Deed of Trust, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Grantor:
$20,000.00
July 27, 1984
December 24, 1984
85/64, Deschutes County Records
Johnson's Parkway Realty, Inc., By: William H. Johnson & Stacy
Johnson
Trustee: First Western Title
Beneficiary: Citizens Savings and Loan Association
(Affects Lot 10, Block 5)
20. Deed of Trust, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Grantor:
$20,000.00
July 27, 1984
December 24, 1984
85/69, Deschutes County Records
Johnson's Parkway Realty, Inc., By: William H. Johnson & Stacy
Johnson
Trustee: First Western Title
Beneficiary: Citizens Savings and Loan Association
(Affects Lot 9, Block 5)
21. Deed of
indebtedness
Amount:
Dated:
Recorded:
Book /Page:
Grantor:
Trustee:
Beneficiary:
(Affects Lot
Trust, including the terms and provisions thereof, to secure an
of the amount herein stated.
$13,980.00
July 27, 1984
December 24, 1984
85/74, Deschutes County Records
Johnson's Parkway Realty, Inc., By: William H. Johnson & Stacy
Johnson
First Western Title
Citizens Savings and Loan Association
4, Block 2)
22. Proceedings pending in the Circuit Court for Deschutes County, Oregon,
suit No. 89CV0266TM, filed August 16, 1989 and No. 90CV0314TM, filed September
25, 1990, filed by Deschutes County.
CONTINUED
0118-0528 •
Page 4 of Exhibit "A ", Order No. 102178 -TA, dated December 27, 1991.
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, OR. 97701
Re: Exception No. 14
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 15
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
3. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Vested Owner
4. FDIC mananger of FSLIC, receiver for Citizens Savings and Loan Association,
2870 Zanker
San Jose, California 95134
Re: Exception Nos. 19, 20, 21.
END
.COMPLIDIENTS OF
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its accurucy.
SEI/4 SEC. 15 T.I4S. R.I2E.W.M.
DESCHUTES COUNTY
1-0200'
0118-0529
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0118-0530
See Mop 14 12 238
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0118-0531
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0118`0532
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Jr TICOR TITLE
INSURANCE
0118 -0533
Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE'GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
Dated:
rsigned:
Validating Signatory
T� cam, r,CD „
By
Attest
President
Secretary
Guarantee Condition
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the and express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured;
(2) resulting in no loss to the Assured.
or
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
tor such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the rnortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the p.roportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0535
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
Guarantee No.:
GT,RR 000011 2F /f1RfFR NO
Liability:
$ 31A:000.00
1. Name of Assured:
10717, —TA
Effective Date:
no =ember E\ 1991
Fee:
.$ 1 Grin no
0118 -0536 `
Schedule A.
DESCHUTES COUNTY, OREGON
a Municipal Corporation
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
FDIC, MANAGER OF FSLIC RESOLUTION FUND AS SUCCESSOR TO FEDERAL SAVINGS AND
LOAN INSURANCE CORPORATION AS RECEIVER FOR CITIZENS SAVINGS AND LOAN
ASSOCIATION.
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lots Three (3), Four (4)
(19), Twenty -Three (23),
Three (3), Block Two (2)
(3), Lots One (1), Two (
Four (4), Lot Five (5),
County, Oregon.
, Five (5), Six (6), Seven (7), Nine (9), Nineteen
and Twenty -Four (24), Block One, Lots Two (2) and
, Lots Two (2), Three (3), and Six (6), Block Three
2), Three (3) Four (4), Five (5) and Six (6), Block
Block Five, all in LOWER BRIDGE ESTATES, Deschutes
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
TO 2551A OR (1 -84)
0118 -0537
Page 1 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 300
Serial No. 165383, (Affects Lot 3, Block 1)
1. The 1984 -1985
2. The 1985 -1986
3. The 1986 -1987
4. The 1987 -1988
5. The 1988 -1989
6. The 1989 -1990
7. The 1990 -1991
8. The 1991 -1992
Taxes; $442.80, plus interest,
Taxes; $289.80, plus interest,
Taxes; $302.68, plus interest,
Taxes; $305.62, plus interest,
Taxes; $307.38, plus interest,
Taxes; $456.18, plus interest,
Taxes; $413.66, plus interest,
Taxes: $374.21, plus interest,
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 200
Serial No. 165382, (Affects Lot 4, Block 1)
9. The 1984 -1985 Taxes; $442.80, plus
10. The 1985 -1986 Taxes; $289.80, plus
11. The 1986 -1987 Taxes; $302.68, plus
12. The 1987 -1988 Taxes; $305.62, plus
13. The 1988 -1989 Taxes; $307.38, plus
14. The 1989 -1990 Taxes; $456.18, plus
15. The 1990 -1991 Taxes; $413.66, plus
16. The 1991 -1992 Taxes: $374.21, plus
Taxes assessed under Code No. 2 -3
Serial No. 165408, (Affects Lot 5
17. The 1984 -1985 Taxes; $442.80,
18. The 1985 -1986 Taxes; $289.80,
19. The 1986 -1987 Taxes; $302.68,
20. The 1987 -1988 Taxes; $305.62,
21. The 1988 -1989 Taxes; $307.38,
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
Account No. 14 12 15D 1600
, Block 1)
plus
plus
plus
plus
plus
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
CONTINUED
0118-0538
.Page 2 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
22. The 1989 -1990 Taxes; $430.84, plus interest, UNPAID.
23. The 1990 -1991 Taxes; $390.68, plus interest, UNPAID.
24. The 1991 -1992 Taxes: $374.21, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15A 700
Serial No. 165381, (Affects Lot 6, Block 1)
25. The 1984 -1985 Taxes; $442.80, plus interest, UNPAID.
26. The 1985 -1986 Taxes; $289.80, plus interest, UNPAID.
27. The 1986 -1987 Taxes; $302.68, plus interest, UNPAID.
28. The 1987 -1988 Taxes; $305.62, plus interest, UNPAID.
29. The 1988 -1989 Taxes; $307.38, plus interest, UNPAID.
30. The 1989 -1990 Taxes; $456.18, plus interest, UNPAID.
31. The 1990 -1991 Taxes; $413.66, plus interest, UNPAID.
32. The 1991 -1992 Taxes: $374.21, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15A 600
Serial No. 165380, (Affects Lot 7, Block 1)
33. The 1984 -1985 Taxes; $442.80, plus interest, UNPAID.
34. The 1985 -1986 Taxes; $289,80, plus interest, UNPAID.
35. The 1986 -1987 Taxes; $302.68, plus interest, UNPAID.
36. The 1987 -1988 Taxes; $305.62, plus interest, UNPAID.
37. The 1988 -1989 Taxes; $307.38, plus interest, UNPAID.
38. The 1989 -1990 Taxes; $456.18, plus interest, UNPAID.
39. The 1990 -1991 Taxes; $413.66, plus interest, UNPAID.
40. The 1991 -1992 Taxes: $374.21, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 800
Serial No. 165388, (Affects Lot 9, Block 1)
41. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID
42. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
CONTINUED
011 8 -0539
.Page 3 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
43. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
44. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
45. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
46. The 1989 -1990 Taxes; $329.47, plus interest, UNPAID.
47. The 1990 -1991 Taxes; $298.75, plus interest, UNPAID.
48. The 1991 -1992 Taxes: $289.99, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 200
Serial No. 165393, (Affects Lot 19, Block 1)
49. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
50. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
51. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
52. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
53. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
54. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
55. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
56. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14B 200
Serial No. 165367, (Affects Lot 23, Block 1)
57. The 1984 -1985 Taxes; $580.56, plus interest, UNPAID.
58. The 1985 -1986 Taxes; $517.50 plus interest, UNPAID.
59. The 1986 -1987 Taxes; $378.35, plus interest, UNPAID.
60. The 1987 -1988 Taxes; $382.03, plus interest, UNPAID.
61. The 1988 -1989 Taxes; $384.23, plus interest, UNPAID.
62. The 1989 -1990 Taxes; $506.87, plus interest, UNPAID.
63. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
64. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
CONTINUED
.Page 4 of Exhibit "A ", Order No. 102172, dated December 17, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14B 100
Serial No. 165366, (Affects Lot 24, Block 1)
65. The 1984 -1985 Taxes; $393.60, plus interest, UNPAID.
66. The 1985 -1986 Taxes; $372.60, plus interest, UNPAID.
67. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
68. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
69. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
70. The 1989 -1990 Taxes; $329.47, plus interest, UNPAID.
71. The 1990 -1991 Taxes; $298.75, plus interest, UNPAID.
72. The 1991 -1992 Taxes: $299.39, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 400
Serial No. 165395, (Affects Lot 2, Block 2)
73. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
74. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
75. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
76. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
77. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
78. The 1989 -1990 Taxes; $329.47, plus interest, UNPAID.
79. The 1990 -1991 Taxes; $298.75, plus interest, UNPAID.
80. The 1991 -1992 Taxes: $299.39, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 500
Serial No. 165396, (Affects Lot 3, Block 2)
81. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
82. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
83. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
84. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
85. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
CONTINUED
0118 -0540
011 8 -0541
Page 5 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
86. The
87. The
88. The
1989 -1990 Taxes; $329.47,
1990 -1991 Taxes; $298.75,
1991 -1992 Taxes: $299.39,
Taxes assessed under Code No. 2 -3
Serial No. 165390, (Affects Lot 2
89. The 1984 -1985 Taxes; $442.19,
90. The 1985 -1986 Taxes; $246.33,
plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
Account No. 14 12 15C 1000
, Block 3)
plus interest, UNPAID.
plus interest, UNPAID.
91. The 1986 -1987 Taxes; $302.68, plus interest, UNPAID.
92. The 1987 -1988 Taxes; $305.62, plus interest, UNPAID.
93. The 1988 -1989 Taxes; $307.38, plus interest, UNPAID.
94. The 1989 -1990 Taxes; $380.15, plus interest, UNPAID.
95. The 1990 -1991 Taxes; $344.72, plus interest, UNPAID.
96. The 1991 -1992 Taxes: $327.44, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22B 600
Serial No. 165418, (Affects Lot 3, Block 3)
97. The 1984 -1985
98. The 1985 -1986
99. The 1986 -1987
100. The 1987 -1988
101. The 1988 -1989
102. The 1989 -1990
103. The 1990 -1991
104. The 1991 -1992
Taxes; $442.19, plus interest, UNPAID.
Taxes; $246.33, plus interest, UNPAID.
Taxes; $264.85, plus
Taxes; $267.42, plus
Taxes; $268.96, plus
Taxes; $316.80, plus
Taxes; $287.26, plus
Taxes: $280.64, plus
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22C 400
Serial No. 165422, (Affects Lot 6, Block 3)
105. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
106. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
CONTINUED
0118-0542
Page 6 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
107. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
108. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
109. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
110. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
111. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
112. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 1100
Serial No. 165439, (Affects Lot 1, Block 4)
113. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
114. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
115. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
116. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
117. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
118. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
119. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
120. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 1200
Serial No. 165440, (Affects Lot 2, Block 4)
121. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
122. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
123. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
124. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
125. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
126. The 1989 -1990 Taxes; $266.11, plus interest, UNPAID.
127. The 1990 -1991 Taxes; $241.30, plus interest, UNPAID.
128. The 1991 -1992 Taxes: $233.87, plus interest, UNPAID.
CONTINUED
0118 -0543
Page 7 of Exhibit "A ", Order No. 102172, dated December 17, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 700
Serial No. 165399, (Affects Lot 4, Block 4)
129. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
130. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
131. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
132. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
133. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
134. The 1989 -1990 Taxes; $266.11, plus interest, UNPAID.
135. The 1990 -1991 Taxes; $241.30, plus interest, UNPAID.
136. The 1991 -1992 Taxes: $233.87, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 800
Serial No. 165400, (Affects Lot 5, Block 4)
137. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
138. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
139. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
140. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
141. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
142. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
143. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
144. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 900
Serial No. 165401, (Affects Lot 6, Block 4)
145. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
146. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
147. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
148. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
149. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
CONTINUED
011 8 -0544
Page 8 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
150. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
151. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
152. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 1000
Serial No. 165438, (Affects Lot 5, Block 5)
153. The 1984 -1985 Taxes; $707.66, plus interest, UNPAID.
154. The 1985 -1986 Taxes; $260.82, plus interest, UNPAID.
155. The 1986 -1987 Taxes; $302.68, plus interest, UNPAID.
156. The 1987 -1988 Taxes; $305.62, plus interest, UNPAID.
157. The 1988 -1989 Taxes; $307.38, plus interest, UNPAID.
158. The 1989 -1990 Taxes; $430.84, plus interest, UNPAID.
159. The 1990 -1991 Taxes; $390.68, plus interest, UNPAID.
160. The 1991 -1992 Taxes: $355.50, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14C 400
Serial No. 165372, (Affects Lot 3, Block 4)
161. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID
162. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
163. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
164. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
165. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
166. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
167. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
168. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
NOTE: The above taxes are subject to one of the foreclosure action filed
September 25, 1990, Case No. 90CV0314TM and filed July 25, 1991, Case No.
91CV0283MS.
169. All lots are subject to a Local Improvement District Assessment
No. K -024 in favor of Deschutes County.
CONTINUED
0118 -0545
Page 9 of Exhibit "A ", Order No. 102172 -TA, dated December 17, 1991.
170. Rights of the public and governmental bodies in and to that
portion of said premises, now or at any time, lying below the ordinary
high water line of the Deschutes River, including any ownership rights
which may be claimed by the State of Oregon below high water mark.
(Affects Lots 3, 4, 5, 6, 7, & 23, Block 1).
171. Such rights and easements for navigation and fishing as may exist over
that portion of the property, now or at any time, lying beneath the
waters of the Deschutes River.
(Affects Lots 3, 4, 5, 6, 7, & 23, Block 1).
172. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
January 15, 1979
January 29, 1979
261/843, Mortgage records.
Bill Mayfield
Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Lot 5, Block 5, has been released from the above Mortgage.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
173. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
$No amount shown
March 15, 1979
April 4, 1979
265/497, Mortgage records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Bill Mayfield
0118 -0546
Page 10 of Exhibit "A ", Order No. 102172, dated December 17, 1991.
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For Security Purposes)
Lot 5, Block 5, has been released from the above Mortgage.
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- O1O3JT.
174. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
175. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
176. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
177. Memorandum of Contract, including the terms and provisions thereof
Vendor: Lower Bridge Estates, a joint venture consisting of Johnson's
Parkway Realty, Inc., an Oregon corporation and Rodney K. Houser
Vendee: Douglas S. Johnson and Kimberly D. Johnson, husband and wife
Dated: October 1, 1981
Recorded: October 28, 1981
Book /Page: 349/634, Deed Records
(Affects Lot 5, Block 5)
The Vendee's interest thereunder duly assigned of record by Assignment
Recorded: February 24, 1982
Book /Page: 354/155, Deed Records
Assigned to: Dorothy Lee
(For security purposes only)
The Vendor's interest was assigned of record by numerous assignments, the
most recent of which was,
Dated: April 2, 1991
Recorded: April 10, 1991
Book /Page: 232/651, Deschutes County Records
Assigned to: FDIC, Manager of FSLIC Resolution Fund as Successor to Federal
Savings and Loan Association.
178. Judgment in the State Circuit Court, County of Deschutes, for the amount
herein stated and any other amounts due.
Creditor: Benton County Bank or Oregon State Bank
Debtor: Jerald E. Fox; Estate Builders, Inc.
Amount: $20,000.00; $161.50 costs; $1,000.00 attorney fees, plus interest
Entered: November 19, 1985
Book /Page: 11/250, Judgment Dockets
Case No.: TR 239075
(Jerald Fox is a former vested owner.)
CONTINUED
Page 11 of Exhibit "A ", Order No. 102172, dated December 17, 1991.
171. Notice
amounts due:
Against:
Amount:
Entered:
Book /Page:
0118 -0547
of Federal Tax lien for the amount herein stated and any other
Jerald E. Fox and Roberta J. Fox
$137,385.85 plus interest
May 11, 1987
145/1376, Deschutes County Records
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705 etseq.:
1. FDIC, Manager of FSLIC Resolution Fund as Successor to Federal Savings
and Loan Association.
2870 Zanker
San Jose, California 95134
2. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 164
Suzanne Johnson, Christine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
3. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 165
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
4. Douglas S. Johnson
Kimberly D. Johnson
Address unknown
Re: Exception No. 169
5. Dorothy Lee
Address unknown
Re: Exception No. 169
6. Benton County Bank
Oregon State Bank
No Address Shown
Re: Exception No. 170
7. Internal Revenue Service
Portland District
No address shown
Re: Exception No. 171
END
Page 11 of Exhibit "A ", Order No. 102172, dated December 17, 1991.
179. Notice
amounts due:
Against:
Amount:
Entered:
Book /Page:
0118-0548
of Federal Tax lien for the amount herein stated and any other
Jerald E. Fox and Roberta J. Fox
$137,385.85 plus interest
May 11, 1987
145/1376, Deschutes County Records
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705 etseq.:
1. FDIC, Manager of FSLIC Resolution Fund as Successor to Federal Savings
and Loan Association.
2870 Zanker
San Jose, California 95134
2. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 164
Suzanne Johnson, Christine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
3. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 165
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
4. Douglas S. Johnson
Kimberly D. Johnson
Address unknown
Re: Exception No. 169
5. Dorothy Lee
Address unknown
Re: Exception No. 169
6. Benton County Bank
Oregon State Bank
No Address Shown
Re: Exception No. 170
7. Internal Revenue Service
Portland District
No address shown
Re: Exception No. 171
END
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0118 -0552
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0118 °0553
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Jr TICOR TITLE
-' INSURANCE
0118 -0561
Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
Dated:
ntersigned:
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
By
Attest
Validating Signatory
President
Secretary
TO 2551 OR (1 -84) Form 8.5
7
0118 -0562
Guarantee Conditions and Stipulations
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in 'respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0563. .
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
TO 2551A OR (5 -87)
Litigation Guarantee No,
GL38 000122
1. Name of Assured:
Amount of Guarantee
$ 315.000.00
Date of Guarantee
Decamher ; 5 _ 1991
DESCHUTES COUNTY, OREGON,
a Municipal Corporation.
OWNERS POLICY
Schedule A
0118 -0564
102051 -TA
Premium
$98n_nn
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
STEVENS AND LEE INVESTMENT CO., INC.
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lots One (1), Ten (10), Eleven (11), Twenty (20), Twenty -Five (25), Twenty -Six
(26), Twenty -Seven (27) and Twenty -Eight (28), in Block One (1); Lot One (1),
in Block Two (2); Lot One (1), Block Three (3Y, Lots Nine (9)Y, Twelve (12.)%
Seventeen (17Y; Eighteen (10; Block Four (4) , Lots Eleven (11) , Thirteen
(13),'Fourteen (14) and Fifteen (15) in Block Five (5); Lots One (1) and
Two (2), in Block Six (6), all in LOWER BRIDGE ESTATES, Deschutes County,
Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
Litigation Guarantee - Form 8 .5
0118 -0565
Page 1 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
EXHIBIT "A"
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 500
Serial No. 165385, (Affects Lot 1, Block 1)
1. The 1984 -1985 Taxes; $1,230.00, plus interest, UNPAID.
2. The 1985 -1986 Taxes; $579.60, plus interest, UNPAID.
3. The 1986 -1987 Taxes; $605.36, plus interest, UNPAID.
4. The 1987 -1988 Taxes; $611.24, plus interest, UNPAID.
5. The 1988 -1989 Taxes; $614.76, plus interest, UNPAID.
6. The 1989 -1990 Taxes; $887.03, plus interest, UNPAID.
7. The 1990 -1991 Taxes; $804.34, plus interest, UNPAID.
8. The 1991 -1992 Taxes: $748.40, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 700
Serial No. 165387, (Affects Lot 10, Block 1)
9. The 1984 -1985 Taxes; $392.99, plus interest, UNPAID.
10. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
11. The 1986 -1987 Taxes; $302.68, plus interest, UNPAID.
12. The 1987 -1988 Taxes; $305.62, plus interest, UNPAID.
13. The 1988 -1989 Taxes; $307.38, plus interest, UNPAID.
14. The 1989 -1990 Taxes; $380.15, plus interest, UNPAID.
15. The 1990 -1991 Taxes; $344.72, plus interest, UNPAID.
16. The 1991 -1992 Taxes: $280.64, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 600
Serial No. 165386, (Affects Lot 11, Block 1)
17. The 1984 -1985 Taxes; $392.99, plus interest, UNPAID.
18. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
19. The 1986 -1987 Taxes; $302.68, plus interest, UNPAID.
20. The 1987 -1988 Taxes; $305.62, plus interest, UNPAID.
CONTINUED
0118-0566
Page 2 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
21. The 1988 -1989 Taxes; $307.38, plus interest, UNPAID.
22. The 1989 -1990 Taxes; $380.15, plus interest, UNPAID.
23. The 1990 -1991 Taxes; $344.72, plus interest, UNPAID.
24. The 1991 -1992 Taxes: $280.64, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 100
Serial No. 165392, (Affects Lot 20, Block 1)
25. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
26. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
27. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
28. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
29. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
30. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
31. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
32. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14C 100
Serial No. 165369, (Affects Lot 25, Block 1)
33. The 1984 -1985 Taxes; $344.40, plus interest, UNPAID
34. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
35. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
36. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
37. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
38. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
39. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
40. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14C 600
Serial No. 165374, (Affects Lot 26, Block 1)
41. The 1984 -1985 Taxes; $343.79, plus interst, UNPAID
CONTINUED
Q� 8-056'
Page 3 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 199
42. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
43. The 1986 -1987 Taxes; $196.74, plus interest, UNPAID.
44. The 1987 -1988 Taxes; $198.65, plus interest, UNPAID.
45. The 1988 -1989 Taxes; $199.80, plus interest, UNPAID.
46. The 1989 -1990 Taxes; $228.09, plus interest, UNPAID.
47. The 1990 -1991 Taxes; $206.83, plus interest, UNPAID.
48. The 1991 -1992 Taxes: $205.82, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14C 500
Serial No. 165373, (Affects Lot 27, Block 1)
49. The 1984 -1985 Taxes; $343.79, plus interset, UNPAID.
50. The 1985 -1986 Taxes; $269.10, plus interest, UNPAID.
51. The 1986 -1987 Taxes; $196.74, plus interest, UNPAID.
52. The 1987 -1988 Taxes; $198.65, plus interest, UNPAID.
53. The 1988 -1989 Taxes; $199.80, plus interest, UNPAID.
54. The 1989 -1990 Taxes; $240.76, plus interest, UNPAID.
55. The 1990 -1991 Taxes; $218.32, plus interest, UNPAID.
56. The 1991 -1992 Taxes: $215.16, plus interest, UNPAID.
Taxes - assessed under Code No. 2 -3 Account No. 14 12 14C 200
Serial No. 165370, (Affects Lot 28, Block One 1)
57. The 1984 -1985 Taxes; $344.40, plus interest, UNPAID
58. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
59 The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
60. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
61. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
62. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
63. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
64. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
CONTINUED
0118-0568
Page 4 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 300
Serial No. 165394, (Affects Lot 1, Block 12)
65. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
66. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
67. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
68. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
69. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
70. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
71. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
72. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 400
Serial No. 165432, (Affects Lot 11, Block 5)
73. The 1984 -1985 Taxes; $442.19, plus interest, UNPAID.
74. The 1985 -1986 Taxes; $362.25, plus interest, UNPAID.
75. The 1986 -1987 Taxes; $378.35, plus interest, UNPAID.
76. The 1987 -1988 Taxes; $382.03, plus interest, UNPAID.
77. The 1988 -1989 Taxes; $384.23, plus interest, UNPAID.
78. The 1989 -1990 Taxes; $506.87, plus interest, UNPAID.
79. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
80. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 200
Serial No. 165430, (Affects Lot 13, Block 5)
81. The 1984 -1985 Taxes; $442.19, plus interest, UNPAID.
82. The 1985 -1986 Taxes; $362.25, plus interest, UNPAID.
83. The 1986 -1987 Taxes; $378.35, plus interest, UNPAID.
84. The 1987 -1988 Taxes; $382.03, plus interest, UNPAID.
85. The 1988 -1989 Taxes; $384.23, plus interest, UNPAID.
86. The 1989 -1990 Taxes; $506.87, plus interest, UNPAID.
87. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
88. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
CONTINUED
0118-0569
Page 5 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14C 300
Serial No. 165371, (Affects Lot 15, Block 5)
89. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
90. The 1985 -1986 Taxes; $188.37, plus interest, UNPAID.
91. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
92. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
93. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
94. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
95. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
96. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22D 600
Serial No. 165427, (Affects Lot 1, Block 6)
97. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
98. The 1985 -1986 Taxes; $246.33, plus interest, UNPAID.
99. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
100. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
101. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
102. The 1989 -1990 Taxes; $316.80, plus interest, UNPAID.
103. The 1990 -1991 Taxes; $287.26, plus interest, UNPAID.
104. The 1991 -1992 Taxes: $280.64, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22D 700
Serial No. 165428, (Affects Lot 2, Block 6)
105. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
106. The 1985 -1986 Taxes; $246.33, plus interest, UNPAID.
107. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
108. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
109. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
CONTINUED
0118 -0570
Page 6 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991
110. The 1989 -1990 Taxes; $316.80, plus interest, UNPAID.
111. The 1990 -1991 Taxes; $287.26, plus interest, UNPAID.
112. The 1991 -1992 Taxes: $280.64, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 900
Serial No. 165389, (Affects Lot 1, Block 3)
113. The 1984 -1985 Taxes; $344.40, plus interest, UNPAID.
114. The 1985 -1986 Taxes; $188.37,
115. The 1986 -1987 Taxes; $166.47,
116. The 1987 -1988 Taxes; $168.09,
117. The 1988 -1989 Taxes; $169.06,
118. The 1989 -1990 Taxes; $202.75,
119. The 1990 -1991 Taxes; $183.85,
120. The 1991 -1992 Taxes: $187.10,
plus interest,
plus interest,
plus interest,
plus interest,
plus interest,
plus interest,
plus interest,
Taxes assessed under Code No. 2 -3 Account No. 14
Serial No. 165410, (Affects Lot 9, Block 4)
121. The 1984 -1985 Taxes; $388.68, plus interest,
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
UNPAID.
12 22A 300
UNPAID.
122. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
123. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
124. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
125. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
126. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
127. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
128. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15D 1100
Serial No. 165403, (Affects Lot 12, Block 4)
129. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
130. The 1985 -1986 Taxes; $246.33, plus interest, UNPAID.
CONTINUED
0118-0571
Page 7 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
131. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
132. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
133. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
134. The 1989 -1990 Taxes; $342.14, plus interest, UNPAID.
135. The 1990 -1991 Taxes; $310.24, plus interest, UNPAID.
136. The 1991 -1992 Taxes: $299.39, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22C 100
Serial No. 165419, (Affects Lot 17, Block 4)
137. The 1984 -1985 Taxes; $295.20, plus interest, UNPAID.
138. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
139. The 1986 -1987 Taxes; $227.Q1, plus interest, UNPAID.
140. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
141. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
142. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
143. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
144. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22C 200
Serial No. 165420, (Affects Lot 18, Block 4)
145. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
146. The 1985 -1986 Taxes; $217.
147. The 1986 -1987 Taxes; $227.
148. The 1987 -1988 Taxes; $229.
149. The 1988 -1989 Taxes; $230.
150. The 1989 -1990 Taxes; $278.
151. The 1990 -1991 Taxes; $252.
152. The 1991 -1992 Taxes: $252.
35, plus interest
01, plus interest
22, plus interest
54, plus interest
78, plus interest
79, plus interest
57, plus interest
CONTINUED
, UNPAID.
, UNPAID.
, UNPAID.
, UNPAID.
, UNPAID.
, UNPAID.
, UNPAID.
0118-0572
Page 8 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 100
Serial No. 165429, (Affects Lot 14, Block 5)
153. The 1984 -1985 Taxes; $290.28, plus interest, UNPAID.
154. The 1985 -1986 Taxes; $217.35, plus interest, UNPAID.
155. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
156. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
157. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
158. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
159. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
160. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
NOTE: The above taxes are subject to foreclosure action, filed September 25,
1990, case No. 90CV0314TM.
161. All lots are subject to a Local Improvement District Assessment No.
K024, in favor of Deschutes County.
162. Rights of the public and governmental bodies in and to that
portion of said premises, now or at any time, lying below the ordinary
high water line of the Deschutes River, including any ownership rights
which may be claimed by the State of Oregon below high water mark.
(Affects Lot 1, Block 1, & Lots 11, & 13, Block 5)
163. Such rights and easements for navigation and fishing as may exist over
that portion of the property, now or at any time, lying beneath the
waters of the Deschutes River. (Affects Lot 1, Block 1, & Lots 11, &
13, Block 5)
164. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: January 15, 1979
Recorded: January 29, 1979
Book /Page: 261/843, Mortgage records.
Mortgagor: Bill Mayfield
Mortgagee: Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
CONTINUED
0118-0573
Page 9 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 269/970, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
165. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: March 15, 1979
Recorded: April 4, 1979
Book /Page: 265/497, Mortgage records.
Mortgagor: Johnson's Parkway Realty, Inc., an Oregon Corporation
Mortgagee: Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For security purposes)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
166. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
167. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
168. Easement, including the terms and provisions thereof, affecting
the portion of said premises and for the purposes stated therein
As granted to: United States Department of the Interior, Bureau of Land
Management
Recorded: August 5, 1981
Book /Page: . 22/333, Deed Records
CONTINUED
0118-0574
Page 10 of Exhibit "A ", Order No. 102051 -TA, dated December 16, 1991.
169. Deed of
indebtedness
Amount:
Dated:
Recorded:
Book /Page:
Grantor:
Trust, including the terms and provisions thereof, to secure an
of the amount herein stated.
$358,000.00
December 20, 1983
December 22, 1983
37/947, Deschutes County Records
Johnson's Parkway Realty, Inc. and First Oregon Capital
Corporation
Trustee: Key Title Company
Beneficiary: Citizens Savings and Loan Association, a Corporation
Re- recorded in Book 40, Page 168, Deschutes County Records.
The effect, if any, of Quitclaim Deed from the FSLIC, as receiver for Citizens
Savings and Loan Association, a Federal Savings and Loan Association to Sandra
S. Sawyer, recorded October 25, 1988, in Book 172, Page 2927, Deschutes County
Records.
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705, etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 164
Suzanne Johnson, Chritine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased.
Addresses unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 165
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Chritine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased.
Addresses unknown
3. FDIC manager of FSLIC, receiver for Citizens Savings and Loan Association,
2870 Zanker
San Jose, California 95134
Re: Exception No. 169
4. Sandra Sawyer
Address unknown
Re: Exception No. 169
5. Stevens & Lee Investment Co., Inc.
P.O. Box 9213
Newport Beach, California 92658
END
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Guarantee Conditions and Stipulations
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such and abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0588
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
0118 -0589
p-
f=0 TICOR TITLE
INSURANCE Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
Dated: c u tersign d:
By _ /.o/1il/l
Validating Signa
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
By
President
Attest �i Secretary
TO 2551 OR (1 -84) Form 8.5
0118 -0590
Guarantee Conditions and Stipulations
1. Definition of Terms
T.he following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) in all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
•
in respect to such claim had this Guarantee not been issued.
If the payriient does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0591
No provision or condition of this Guarantee" can e waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
TO 2551A OR (5 -87)
Litigation Guarantee No.
GL38 000129
1. Name of Assured:
Amount of Guarantee
$11,500.00
Date of Guarantee
December 5. 1991
DESCHUTES COUNTY, OREGON
a Municipal Corporation
OWNERS POLICY
Schedule A
0118 -0592
102174—TA
Premium 1
$ 150.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
JOHNSON'S PARKWAY REALTY, INC.,
an Oregon Corporation
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lot Twenty -One (21), Block One (1), LOWER BRIDGE ESTATES, Deschutes County,
Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
Litigation Guarantee - Form 8.5
0118 -0593
Page 1 of Exhibit "A ", Order No. 102174 -TA, dated December 18, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 14C 700
Serial No. 165375, (Affects Lot 21, Block 1)
1. The 1983 -1984 Taxes; $275.74,
2. The 1984 -1985 Taxes; $294.59
3. The 1985 -1986 Taxes; $269.10,
4. The 1986 -1987 Taxes; $281.06,
5. The 1987 -1988 Taxes; $283.79,
6. The 1988 -1989 Taxes; $285.43,
7. The 1989 -1990 Taxes; $291.45,
8. The 1990 -1991 Taxes; $264.28,
9. The 1991 -1992 Taxes: $215.16,
plus interest, UNPAID.
, plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
plus interest, UNPAID.
NOTE: The above taxes are subject to foreclosure action filed
September 25, 1990, Case No. 90CV0314TM.
10. Subject to a Local Improvement District Assessment
No. K -024 in favor of Deschutes County.
11. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
January 15, 1979
January 29, 1979
261/843, Mortgage records.
Bill Mayfield
Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the
Phillip R. Gould; Frank Gilchrist; Owen M. Panner;
Harold Barclay, Oliver R. Jones, Samuel S. Johnson
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
CONTINUED
Estate of
Philip Dahl,
and Orchard
0118-0594
Page 2 of Exhibit "A ", Order No. 102174 -TA, dated December 18, 1991.
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- O1O3JT.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
12. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: March 15, 1979
Recorded: April 4, 1979
Book /Page: 265/497, Mortgage records.
Mortgagor: Johnson's Parkway Realty, Inc., an Oregon Corporation
Mortgagee: Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For Security Purposes)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- O1O3JT.
13. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
14. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
15. Easement, including the terms and provisions thereof, affecting
the portion of said premises and for the purposes stated therein
As granted to: United States Department of the Interior, Bureau of Land
Management
Recorded: August 5, 1981
Book /Page: 22/333, Deed Records
CONTINUED
0118-0595
Page 3 of Exhibit "A ", Order No. 102174 -TA, dated December 18, 1991
16. Memorandum of Contract, including the terms and provisions thereof,
Vendor: Johnson's Parkway Realty, Inc., an Oregon Corporation
Vendee: Associates Development Company, an Oregon Partnership, consisting
of John C. Partin, Edwin A. Sturza, Keith L. Erickson, and Paul
Pierson.
Dated: March 18, 1983
Recorded: March 23, 1983
Book /Page: 8/525, Deschutes County Records
The Vendee's interest thereunder duly assigned of record by Assignment
Recorded: March 23, 1983
Book /Page: 8/528, Deschutes County Records
Assigned to: Roberta L. Leonhardy
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705 etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 11
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 12
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
3. Johnson's Parkway Realty, Inc.
Address unknown
Re: Exception No. 16
4. Roberta Leonhardy
70994 Indian Ford Rd.
Sisters, Oregon 97759
Re: Exception No. 16
END
•
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0118 -0597
INSURANCE
Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
Dated:
Validating Signatory
By
President
Attest z_4:41‘F ._ Secretary
TO 2551 OR (1 -84) Form 8.5
•
0118-0598
Guarantee Conditions and Stipulations
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
tor such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118-0599
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
I V LJJ II1 V rl kJ-0I
Litigation Guarantee No.
GL38 000123
1. Name of Assured:
Amount of Guarantee
$16,000.00
Date of Guarantee
December 5, 1991
DESCHUTES COUNTY, OREGON
a Municipal Corporation
OWNERS POLICY
Schedule A
0118 -0600
102181 —TA
Premium
$ 185.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
BILL MAYFIELD
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lot Thirteen (13), Block Four (4), LOWER BRIDGE ESTATES, Deschutes County,
Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
Litigation Guarantee - Form 8.5
0118 -0601
Page 1 of Exhibit "A ", Order No. 102181 -TA, dated December 20, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 15C 1100
Serial No. 165391, (Affects Lot 13, Block 4)
1. The 1983 -1984 Taxes; $643.66, (Balance due $4.37, plus interest)
2. The 1984 -1985 Taxes; $687.78, plus interest, UNPAID.
3. The 1985 -1986 Taxes; $351.90, plus interest, UNPAID.
4. The 1986 -1987 Taxes; $378.35, plus interest, UNPAID.
5. The 1987 -1988 Taxes; $382.03, plus interest, UNPAID.
6. The 1988 -1989 Taxes; $384.23, plus interest, UNPAID.
7. The 1989 -1990 Taxes; $405.50, plus interest, UNPAID.
8. The 1990 -1991 Taxes; $367.70, plus interest, UNPAID.
9. The 1991 -1992 Taxes: $299.39, plus interest, UNPAID.
NOTE: The above taxes are subject to foreclosure action filed
September 25, 1990, Case No. 90CV0314TM.
10. Subject to a Local Improvement District Assessment
No. K -024 in favor of Deschutes County.
11. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: January 15, 1979
Recorded: January 29, 1979
Book /Page: 261/843, Mortgage records.
Mortgagor: Bill Mayfield
Mortgagee: Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
CONTINUED
0118-0602
Page 2 of Exhibit "A ", Order No. 102181 -TA, dated December 20, 1991
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
12. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: March 15, 1979
Recorded: April 4, 1979
Book /Page: 265/497, Mortgage records.
Mortgagor: Johnson's Parkway Realty, Inc., an Oregon Corporation
Mortgagee: Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For Security Purposes)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
13. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
14. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
15. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
16. Unrecorded
Vendor:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
Vendee:
As disclosed by:
Recorded:
Book /Page:
Contract of Sale, including the terms and provisions thereof
Lower Bridge Estates, a joint venture consisting of
Johnson's Parkway Realty, Inc., an Oregon Corporation
and Rodney K. Houser.
Victoria L. Sturgis
Memorandum of Contract
August 21, 1981
346/276, Deed Records
CONTINUED
0118-0603
Page 3 of Exhibit "A ", Order No. 102181 -TA, dated December 20, 1991.
Quitclaim Deed from Federal Deposit Insurance Corporation, as Receiver of
Citizens Savings and Loan Association to Bill Mayfield, recorded July 22,
1991, in Book 240, Page 1164, Deschutes County Records.
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705 etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, OR. 97701
Re: Exception No. 11
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 12
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Katheryn Johnson
and Charles Johnson, devisee's of Lyman C. Johnson, deceased
Addresses unknown
3. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 16
4. Victoria Sturgis
P.O. Box 503
Dayton, Oregon 97114
END
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TICOR TITLE
INSURANCE
0118 -0605
Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shah not be valid or binding until countersigned below by a validating signatory of the Company.
Dated:
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
(1 �'. �✓I�� cam'
Validating Signatory
By
Attest
President
Secretary
702557 OR (1 -84)
Form 8.
Guarantee Conditioner
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond 'the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the rnortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
•
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
'the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0607
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
Guarantee No.: Effective Date:
GTR 0001 '10) /ORDER NO
Liability:
$ 1A,000_00
1. Name of Assured:
102173 -TA
Dec inhpr F
Fee:
$ '77A 0101
0118 -0608
Schedule A
DESCHUTES COUNTY, OREGON,
a Municipal Corporation.
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
BILL MAYFIELD, as to PARCEL I.
CITIZENS SAVINGS AND LOAN ASSOCIATION, as to PARCEL II.
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
PARCEL I:
Lot Five (5), Block Three (3), LOWER BRIDGE ESTATES, Deschutes County, Oregon.
PARCEL' II:
Lots One (1) and Twelve (12), Block Five (5), LOWER BRIDGE ESTATES, Deschutes
County, Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
TO 2551A OR (1 -84) Litigation Guarantee — Form 8.5
0118 -0609
Page 1 of Exhibit "A ", Order No. 102173 -TA, dated December 18, 1991.
EXHIBIT "A"
Taxes assessed under Code No. 2 -3 Account No. 14 12 22B 400
Serial No. 165416, (Affects Lot Five 5, Block Three 3)
1. The 1983 -1984 Taxes; $321.73, (Balance due $135.63, plus interest)
2. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
3. The 1985 -1986 Taxes; $351.90, plus interest, UNPAID.
4. The 1986 -1987 Taxes; $324.30, plus interest, UNPAID.
5. The 1987 -1988 Taxes; $327.45, plus interest, UNPAID.
6. The 1988 -1989 Taxes; $329.34, plus interest, UNPAID.
7. The 1989 -1990 Taxes; $342.14, plus interest, UNPAID.
8. The 1990 -1991 Taxes; $310.24, plus interest, UNPAID.
9. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 300
Serial No. 165431, (Affects Lot 12, Block 5)
10. The 1983 -1984 Taxes; $413.81, (Balance due $136.03, plus interest)
11. The 1984 -1985 Taxes; $442.19, plus interest, UNPAID.
12. The 1985 -1986 Taxes; $517.50, plus interest, UNPAID.
13. The 1986 -1987 Taxes; $540.50, plus interest, UNPAID.
14. The 1987 -1988 Taxes; $545.75, plus interest, UNPAID.
15. The 1988 -1989 Taxes; $548.90, plus interest, UNPAID.
16. The 1989 -1990 Taxes; $570.23, plus interest, UNPAID.
17. The 1990 -1991 Taxes; $517.07, plus interest, UNPAID.
18. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22D 400
Serial No. 165426, (Affects Lot 1, Block 5)
19. The 1988 -1989 Taxes; $506.87, (Balance due $168.96, plus interest)
20. The 1989 -1990 Taxes; $459.62, plus interest, UNPAID.
21. The 1990 -1991 Taxes; $374.21, plus interest, UNPAID.
CONTINUED
0118-0610
Page 2 of Exhibit "A ", Order No. 102173 -TA, dated December 18, 1991.
NOTE: The above taxes are subject to foreclosure action, filed September 25,
1990, case No. 9OCVO314TM.
22. Rights of the public and governmental bodies in and to that
portion of said premises, now or at any time, lying below the ordinary
high water line of the Deschutes River, including any ownership rights
which may be claimed by the State of Oregon below high water mark.
(Affects Lots 1 and 12, Block 5)
23. Such rights and easements for navigation and fishing as may exist over
that portion of the property, now or at any time, lying beneath the
waters of the Deschutes River. (Affects Lot 12, Block 5)
24. All lots are subject to a Local Improvement District Assessment due -
KO24
25. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated:
Recorded:
Book /Page:
I Mortgagor:
Mortgagee:
January 15, 1979
January 29, 1979
261/843, Mortgage records.
Bill Mayfield
Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
(Lot 1, Block 5, was released from the above mortgage)
Said Mortgage was assigned of record by instrument
Dated: - November 2, 1979
Recorded: November 6, 1979
Book /Page: 269/970, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- O1O3JT.
Mortgage Extension Agreement
Ranch, recorded December 21,
Records.
Mortgage Extension Agreement
Ranch, recorded December 29,
Records.
between Bill Mayfield and Deschutes -Odin Falls
1988, in Book 176, Page 209, Deschutes County
between Bill Mayfield and Deschutes -Odin Falls
1989, in Book 199, Page 2497, Deschutes County
CONTINUED
0118-0611
Page 3 of Exhibit "A ", Order No. 102173 -TA, dated December 18, 1991.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
26. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
(Lot 1, Block
Said Mortgage
Recorded:
Book /Page:
Assigned to:
$No amount shown
March 15, 1979
April 4, 1979
265/497, Mortgage records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Bill Mayfield
5, was released from the above mortgage)
was assigned of record by instrument
June 27, 1980
293/787, Mortgage records.
Lyman C. Johson and Oliver R. Jones, Trustees
27. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
28. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
29. Unrecorded
Vendor:
Vendee:
As disclosed by:
Recorded:
Book /Page:
Affects:
Contract of Sale, including the terms and provisions thereof
Lower Bridge Estates, a joint venture comprised of Johnson
Parkway Realty, Inc., and Rodney K. Houser.
Robert R. Povey and Nancy M. Povey, husband and wife
Memorandum of Contract
July 22, 1981
344/784, Deed Records
Lot 5, Block 3, and Lot 12, Block 5
The Vendor's interest thereunder duly assigned of record by Assignment
Recorded: January 16, 1984
Book /Page: 40/606, Deschutes County Records
Assigned to: Citizens Savings and Loan Association
Quitclaim Deed including the terms and provisions thereof, from Federal
Deposit Insurance Corporation, as Receiver of Citizens Savings and Loan
Association, to Bill Mayfield, recorded July 22, 1991, Book 240, Page 1164,
Deschutes County Records. (Affects Lot 5, Block 3 only)
30. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Lower Bridge Estates, a joint venture consisting of
Johnson's Parkway Realty, Inc., an Oregon corporation, and
Rodney K. Houser.
Vendee: Christopher Parker and Carol W. Parker, as tenants by the
entirety
by: Memorandum of Contract
October 13, 1981
348/827, Deed Records
1, Block 5)
As disclosed
Recorded:
Book /Page:
(Affects Lot
CONTINUED
0118 -0612
Page 4 of Exhibit "A ", Order No. 102173 -TA, dated December 18, 1991.
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705, etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 22
Suzanne Johnson, Christine Groner, Katheryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 23
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 22
Suzanne Johnson, Christine Groner, Katheryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
3. FDIC manager of FSLIC, receiver for Citizens Savings and Loan Association,
2870 Zanker
San Jose, California 95134
Re: Exception No. 26
4. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 26
5. Robert R. Povey
Nancy M. Povey
P.O. Box 131
Redmond, Oregon 97756
Re: Exception No. 26
END
0118 -0613
Page 4 of Exhibit "A ", Order No. 102173 -TA, dated December 18, 1991.
The Vendor's
Recorded:
Book /Page:
Assigned to:
The Vendor's
Recorded:
Book /Page:
Assigned to:
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
interest thereunder duly assigned of record by Assignment
September 3, 1985
103/485, Deschutes County Records
Johnson's Parkway Realty, Inc.
Quitclaim Deed, including the terms and provisions thereof, from Christopher
Conway Parker to Carol W. Parker, recorded August 26, 1985, in Book 102, Page
1256, Deschutes County Records.
31. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
•
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705, etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 25
Suzanne Johnson, Christine Groner, Katheryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 26
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 25
Suzanne Johnson, Christine Groner, Katheryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
3. FDIC manager of FSLIC, receiver for Citizens Savings and Loan Association,
2870 Zanker
San Jose, California 95134
Re: Exception No. 29 & 30
4. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 29
CONTINUED
0118 -0614
Page 5 of Exhibit "A ", Order No. 102173 -TA, dated December 18, 1991.
5. Robert R. Povey
Nancy M. Povey
P.O. Box 131
Redmond, Oregon 97756
Re: Exception No. 29
6 Johnson's Parkway Realty, Inc.
Address unknown
Re: Exception No. 30
7 Carol W. Parker
Address unknown
Re: Exception No. 30
END
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0118 -0637
s
Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
Dated:
CCountersigned:
By
Validating Signatory
TO 2551 OR (1 -84)
By
Attest
President
Secretary
Form 8.5
0118 -0618
Guarantee Conditions and Stipulations
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the and express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such and abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no loss to the Assured.
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
for such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such loss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0619
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached hereto
signed by the President, a Vice President, the Secretary, an
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
TO 2551A OR (5 -87)
Litigation Guarantee No.
GL38 000124
1. Name of Assured:
Amount of Guarantee
$ 82,500.00
Dateeof Guarantee
December 5, 1991
DESCHUTES COUNTY, OREGON
a Municipal Corporation
OWNERS POLICY
Schedule A
0118 -0620
Premium
$ 405.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
FDIC as receiver for
CITIZENS SAVINGS AND LOAN ASSOCIATION
4. The land referred to in this Guarantee is situated in the County of
State of Oregon, and is described as follows:
Deschutes
102177 —TA
Lot Four (4), Block Three (3); Lots Ten (10), Eleven (11), Fourteen
(14), Fifteen (15) and Sixteen (16), Block Four (4), all in LOWER BRIDGE
ESTATES, Deschutes County, Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "A"
Litigation Guarantee - Form 8.5
EXHIBIT "A"
0118 -0621
Page 1 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22B 500
Serial No. 165417, (Affects Lot 4, Block 3)
1. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
2. The 1985 -1986 Taxes; $351.90, plus interest, UNPAID.
3. The 1986 -1987 Taxes; $264.85, plus interest, UNPAID.
4. The 1987 -1988 Taxes; $267.42, plus interest, UNPAID.
5. The 1988 -1989 Taxes; $268.96, plus interest, UNPAID.
6. The 1989 -1990 Taxes; $316.80, plus interest, UNPAID.
7. The 1990 -1991 Taxes; $287.26, plus interest, UNPAID.
8. The 1991 -1992 Taxes: $280.64, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22A 400
Serial No. 165411, (Affects Lot 10, Block 4)
9. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
10. The 1985 -1986 Taxes; $310.50, plus interest, UNPAID.
11. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
12. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
13. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
14. The 1989 -1990 Taxes; $342.14, plus interest, UNPAID.
15. The 1990 -1991 Taxes; $310.24, plus interest, UNPAID.
16. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22A 500
Serial No. 165412, (Affects Lot 11, Block 4)
17. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
18. The 1985 -1986 Taxes; $310.50, plus interest, UNPAID.
19. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
20. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
21. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
CONTINUED
0118 -0622
Page 2 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
22. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
23. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
24. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22B 100
Serial No. 165413, (Affects Lot 14, Block 4)
25. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
26. The 1985 -1986 Taxes; $351.90, plus interest, UNPAID.
27. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
28. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
29. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
30. The 1989 -1990 Taxes; $278.78, plus interest, UNPAID.
31. The 1990 -1991 Taxes; $252.79, plus interest, UNPAID.
32. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22B 200
Serial No. 165414, (Affects Lot 15, Block 4)
33. The 1984 -1985 Taxes; $343.79, plus interest, UNPAID.
34. The 1985 -1986 Taxes; $351.90, plus interest, UNPAID.
35. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
36. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
37. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
38. The 1989 -1990 Taxes; $342.14, plus interest, UNPAID.
39. The 1990 -1991 Taxes; $310.24, plus interest, UNPAID.
40. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
Taxes assessed under Code No. 2 -3 Account No. 14 12 22B 300
Serial No. 165415, (Affects Lot 16, Block 4)
41. The 1984 -1985 Taxes; $295.20, plus interest, UNPAID.
42. The 1985 -1986 Taxes; $351.90, plus interest, UNPAID.
CONTINUED
0118 -0623
Page 3 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
43. The 1986 -1987 Taxes; $227.01, plus interest, UNPAID.
44. The 1987 -1988 Taxes; $229.22, plus interest, UNPAID.
45. The 1988 -1989 Taxes; $230.54, plus interest, UNPAID.
46. The 1989 -1990 Taxes; $342.14, plus interest, UNPAID.
47. The 1990 -1991 Taxes; $310.24, plus interest, UNPAID.
48. The 1991 -1992 Taxes: $252.57, plus interest, UNPAID.
NOTE: The above taxes are subject to foreclosure action filed
September 25, 1990, Case No. 9OCVO314TM.
49. All lots are subject to a Local Improvement District Assessment
No. K -024 in favor of Deschutes County.
50. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: January 15, 1979
Recorded: January 29, 1979
Book /Page: 261/843, Mortgage records.
Mortgagor: Bill Mayfield
Mortgagee: Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(Lot (4), Block (3), and Lots (10), (15), and (16), Block (4), have been
release from the above Mortgage.)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- O1O3JT.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 21, 1988, in Book 176, Page 209, Deschutes County
Records.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 29, 1989, in Book 199, Page 2497, Deschutes County
Records.
CONTINUED
4118 -0624
Page 4 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
Mortgage Extension Agreement between Bill Mayfield and Deschutes -Odin Falls
Ranch, recorded December 26, 1990, in Book 225, Page 2258, Deschutes County
Records.
51. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Page:
Mortgagor:
Mortgagee:
$No amount shown
March 15, 1979
April 4, 1979
265/497, Mortgage records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For Security Purposes)
52. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
53. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
54. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
55. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Johnson's Parkway Realty Inc., an Oregon Corporation
Vendee: Charles C. Lake, an undivided 1/3 interest, Sylvanus Smith,
an undivided 1/3 interest, and Robert Perkins, an undivided
1/3 interest, as tenants in common.
As disclosed by: Memorandum of Contract
Recorded: May 23, 1983
Book /Page: 14/703, Deschutes County Records
(Affects Lot 4, Block 3)
The Vendor's
Recorded:
Book /Page:
Assigned to:
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/699, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Robert Perkins)
CONTINUED
0118 -0625
Page 5 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/700, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Sylvanus Smith)
56. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Johnson's Parkway Realty Inc., an Oregon Corporation
Vendee: Charles C. Lake, an undivided 1/3 interest, Sylvanus Smith,
an undivided 1/3 interest, and Robert Perkins, an undivided
1/3 interest.
As disclosed by: Memorandum of Contract
Recorded: May 23, 1983
Book /Page: 14/706, Deschutes County Records
(Affects Lot 10, Block 4)
The Vendor's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
interest of Robert Perkins)
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/699, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Robert Perkins)
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/700, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Sylvanus Smith)
57. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Johnson's Parkway Realty Inc., an Oregon Corporation
Vendee: Charles C. Lake, an undivided 1/3 interest, Sylvanus Smith,
an undivided 1/3 interest, and Robert Perkins, an undivided
1/3 interest.
As disclosed
Recorded:
Book /Page:
(Affects Lot
The Vendor's
Recorded:
Book /Page:
Assigned to:
by: Memorandum of Contract
May 23, 1983
14/709, Deschutes County Records
11, Block 4)
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
CONTINUED
0118 -0626
Page 6 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/699, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Robert Perkins)
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/700, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Sylvanus Smith)
58. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Johnson's Parkway Realty Inc., an Oregon Corporation
Vendee: Charles C. Lake, an undivided 1/3 interest, Sylvanus Smith,
an undivided 1/3 interest, and Robert Perkins, an undivided
1/3 interest.
As disclosed
Recorded:
Book /Page:
(Affects Lot
The Vendor's
Recorded:
Book /Page:
Assigned to:
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
by: Memorandum of Contract
May 23, 1983
14/712, Deschutes County Records
14, Block 4)
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/699, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Robert Perkins)
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/700, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Sylvanus Smith)
59. Unrecorded Contract of Sale, including the terms and provisions thereof
Vendor: Johnson's Parkway Realty Inc., an Oregon Corporation
Vendee: Charles C. Lake, an undivided 1/3 interest, Sylvanus Smith,
an undivided 1/3 interest, and Robert Perkins, an undivided
1/3 interest.
As disclosed by: Memorandum of Contract
Recorded: May 23, 1983
Book /Page: 14/715, Deschutes County Records
(Affects Lot 15, Block 4)
CONTINUED
0118 -0627
Page 7 of Exhibit "A ", Order No. 102177 -TA, dated December 27, 1991.
The Vendor's
Recorded:
Book /Page:
Assigned to:
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
The Vendee's
Recorded:
Book /Page:
Assigned to:
Affects:
(Affects 1/3
60. Unrecorde
Vendor:
Vendee:
As disclosed
Recorded:
Book /Page:
(Affects Lot
The Vendor's
Recorded:
Book /Page:
Assigned to:
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
The Vendee's
Recorded:
Book /Page:
Assigned to:
(Affects 1/3
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/699, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Robert Perkins)
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/700, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
Lot 4, Block 3, & Lots 10, 11, 14, 15, & 16, Block 4
interest of Sylvanus Smith)
d Contract of Sale, including the terms and provisions thereof
Johnson's Parkway Realty Inc., an Oregon Corporation
Charles C. Lake, an undivided 1/3 interest, Sylvanus Smith,
an undivided 1/3 interest, and Robert Perkins, an undivided
1/3 interest.
by: Memorandum of Contract
May 23, 1983
14/718, Deschutes County Records
16, Block 4)
interest thereunder duly assigned of record by Assignment
January 16, 1984
40/606, Deschutes County Records
Citizens Savings and Loan Association
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/699, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Robert Perkins)
interest thereunder duly assigned of record by Assignment
September 19, 1984
73/700, Deschutes County Records.
Johnson's Parkway Realty, Inc., an Oregon Corporation
interest of Sylvanus Smith)
CONTINUED
in
11
0118 -0628
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0118 -0629
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4 0118 -0630
TICOR TITLE
INSURANCE Litigation Guarantee
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HERETO ANNEXED AND MADE A
PART OF THE GUARANTEE, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA, herein called the
Company, for the fee paid for this Guarantee, the amount and effective date of which are shown herein, hereby
Guarantees the parties herein called the Assured, against actual loss not exceeding the liability amount stated
herein which the Assured shall sustain by reason of any incorrectness in the assurance which the Company
hereby gives that, according to the public records, on the effective date stated herein,
1. The title to the herein described estate or interest was vested in the vestee named, subject to the matters
shown as Exceptions herein, which Exceptions are not necessarily shown in the order of their priority;
This Guarantee shall not be valid or binding until countersigned below by a validating signatory of the Company.
TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
Dated:
Ce4:10,tersigned:
Validating Signatory
TO 2551 OR (1 -84)
By
Attest
President
Secretary
Form 8.5
1
0118 -0631
Guarantee Conditions and �pulation:
1. Definition of Terms
The following terms when used in this Guarantee mean:
(a) "land ": the land described, specifically or by reference,
in this Guarantee and improvements affixed thereto which
by law constitute real property;
(b) "public records ": those records which impart constructive
notice of matters relating to said land;
(c) "date ": the effective date;
(d) "the Assured ": the party or parties named as the Assured
in this Guarantee, or in a supplemental writing executed by
the Company;
(e) "mortgage ": mortgage, deed of trust, trust deed, or other
security instrument.
2. Exclusions from Coverage of this Guarantee
The Company assumes no liability for loss or damage by
reason of the following:
(a) 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.
(b) Unpatented mining claims, reservations or exceptions
in patents or in Acts authorizing the issuance thereof; water
rights, claims or title to water.
(c) Title to any property beyond the lines of the land express-
ly described in the description set forth in this Guarantee, or
title to streets, roads, avenues, lanes, ways or waterways on
which such land abuts, or the right to maintain therein vaults,
tunnels, ramps or any other structure or improvement; or any
rights or easements therein unless such property, rights or
easements are expressly and specifically set forth in said
description.
(d) Defects, liens, encumbrances, adverse claims against the
title as guaranteed or other matters (1) created, suffered,
assumed or agreed to by one or more of the Assured; or
(2) resulting in no Toss to the Assured_
3. Prosecution of Actions
(a) The Company shall have the right at its own cost to
institute and prosecute any action or proceeding or do any
other act which in its opinion may be necessary or desirable
to establish or confirm the matters herein guaranteed; and
the Company may take any appropriate action under the
terms of this Guarantee whether or not it shall be liable
thereunder and shall not thereby concede liability or waive
any provision hereof.
(b) In all cases where the Company does so institute and
prosecute any action or proceeding, the Assured shall permit
the Company to use, at its option, the name of the Assured
tor such purpose. Whenever requested by the Company,
the Assured shall give the Company all reasonable aid in
prosecuting such action or proceeding, and the Company
shall reimburse the Assured for any expense so incurred.
4. Notice of Loss — Limitation of Action
A statement in writing of any loss or damage for which it is
claimed the Company is liable under this Guarantee shall be
furnished to the Company within sixty days after such loss
or damage shall have been determined, and no right of action
shall accrue to the Assured under this Guarantee until thirty
days after such statement shall have been furnished, and no
recovery shall be had by the Assured under this Guarantee
unless action shall be commenced thereon within two years
after expiration of said thirty day period. Failure to furnish
such statement of loss or damage or to commence such action
within the time hereinbefore specified, shall be a conclusive
bar against maintenance by the Assured of any action under
this Guarantee.
5. Option to Pay, Settle or Compromise Claims
The Company shall have the option to pay or settle or com-
promise for or in the name of the Assured any claim which
could result in loss to the Assured within the coverage of this
Guarantee, or to pay the full amount of this Guarantee or,
if this Guarantee is issued for the benefit of a holder of a
mortgage, the Company shall have the option to purchase the
indebtedness secured by said mortgage. Such purchase, pay-
ment or tender of payment of the full amount of the
Guarantee shall terminate all liability of the Company here-
under. In the event after notice of claim has been given to the
Company by the Assured the Company offers to purchase
said indebtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mortgage
securing the same to the Company upon payment of the
purchase price.
6. Limitation of Liability — Payment of Loss
(a) The liability of the Company under this Guarantee shall
be limited to the amount of actual loss sustained by the
Assured because of reliance upon the assurances herein set
forth, but in no event shall such liability exceed the amount of
the liability stated within this Guarantee.
(b) The Company will pay all costs imposed upon the Assured
in litigation carried on by the Company for the Assured, and
all costs and attorney's fees in litigation carried on by the
Assured with the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under
this Guarantee (1) if the Company after having received notice
of an alleged defect, lien or encumbrance not shown as an
Exception or excluded herein removes such defect, lien or
encumbrance within a reasonable time after receipt of such
notice, or (2) for liability voluntarily assumed by the Assured
in settling any claim or suit without wirtten consent of the
Company.
(d) All payments under this Guarantee, except for attorney's
fees as provided for in paragraph 6(b) hereof, shall reduce the
amount of the liability hereunder pro tanto, and no payment
shall be made without producing this Guarantee for endorse-
ment of such payment unless the Guarantee be lost or des-
troyed, in which case proof of such Toss or destruction shall be
furnished to the satisfaction of the Company.
(e) When liability has been definitely fixed in accordance
with the conditions of this Guarantee, the loss or damage shall
be payable within thirty days thereafter.
7. Subrogation upon Payment or Settlement
Whenever the Company shall have settled a claim under this
Guarantee, all right of subrogation shall vest in the Company
unaffected by any act of the Assured, and it shall be sub -
rogated to and be entitled to all rights and remedies which
the Assured would have had against any person or property
in respect to such claim had this Guarantee not been issued.
If the payment does not cover the loss of the Assured, the
Company shall be subrogated to such rights and remedies in
the proportion which said payment bears to the amount of
said loss. The Assured if requested by the Company, shall
transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation, and shall permit the Company to use the name of
the Assured in any transaction or litigation involving such
rights or remedies.
8. Guarantee Entire Contract
Any action or actions or rights of action that the Assured may
have or may bring against the Company arising out of the
subject matter hereof must be based on the provisions of
this Guarantee.
0118 -0632
No provision or condition of this Guarantee can be waived or
changed except by a writing endorsed or attached herUto
signed by the President, a Vice President, the Secretary, ,m
Assistant Secretary or other validating officer of the Company.
9. Notices, Where Sent
All notices required to be given the Company and any state-
ment in writing required to be furnished the Company shall
include the number of this Guarantee and shall be addressed
to its Principal Office, Claims Department, 6300 Wilshire
Boulevard, P.O. Box 92792, Los Angeles, California 90009.
10. The fee specified within this Guarantee is the total fee
for title search and examination and for this Guarantee.
IV L551N UH
OWNERS POLICY
Schedule A
0118 -0633
102179 —'ea
Litigation Guarantee No.
GL38 000127
1. Name of Assured:
Amount of Guarantee
$22,500.00
Date of Guarantee
December 5, 1991
DESCHUTES COUNTY, OREGON
a Municipal Corporation
Premium
$ 215.00
2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is:
A FEE
3. Title to said estate or interest at the date hereof is vested in:
SEE ATTACHED EXHIBIT "A"
4. The land referred to in this Guarantee is situated in the County of Deschutes
State of Oregon, and is described as follows:
Lot Eight (8), Block Five (5), LOWER BRIDGE ESTATES, Deschutes County,
Oregon.
5. The title to said estate or interest is subject to the following Exceptions:
SEE EXHIBIT "B"
Litigation Guarantee - Form 8.5
Order No. 102179 -TA, dated December 20, 1991.
EXHIBIT "A"
0118 -0634
JERALD E. FOX, as to an undivided 35.42% interest, LANDO D. CRITTENDEN and G.
LOUISE CRITTENDEN, as to an undivided 9.65% interest, as tenants by the
entirety to each other; GERALD G. DUMONT and ALMA M. DUMONT, as to an
undivided 4.16% interest, as tenants by the entirety to each other; ROBERT A.
GIULIANI and KATHERINE M. GIULIANI, as to an undivided 3.95% interest, as
tenants by the entirety to each other; ELDON L. ERICKSON and CAROL F.
ERICKSON, as to an undivided 3.48% interest, as tenants by the entirety to
each other; RICHARD W. HENTON and JUNE M. HENTON, as to an undivided 7.16%
interest, as tenants by the entirety to each other; JONETH ANN LUCHT, as to an
undivided 3.58% interest; BOB D. WEHNERT, as to an undivided 10.8% interest;
STANLEY A. RICH, as to an undivided 1.72% interest; MICHAEL P. MOORE and
SANDRA L. MOORE, as to an undivided 1.39% interest, as tenants by the entirety
to each other; LLOYD V. SWANSON, as to an undivided 2.31% interest; JAMES G.
YOUDE and JUDITH D. YOUDE, as to an undivided 4.48% interest, as tenants by
the entirety to each other; G. R. ALEXANDER and CATHERINE ALEXANDER, as to an
undivided 4.24% interest, as tenants by the entirety to each other; and
BERNARD E. MUSCH and CONNIE B. MUSCH, as to an undivided 7.66% interest, as
tenants by the entirety to each other; all as tenants in common.
0118 -0635
Page 1 of Exhibit "B ", Order No. 102179 -TA, dated December 20, 1991.
Taxes assessed under Code No. 2 -3 Account No. 14 12 23B 700
Serial No. 165435, (Affects Lot 8, Block 5)
1. The 1984 -1985 Taxes; $442.19, plus interest, UNPAID.
2. The 1985 -1986 Taxes; $362.25, plus interest, UNPAID.
3. The 1986 -1987 Taxes; $378.35, plus interest, UNPAID.
4. The 1987 -1988 Taxes; $382.03, plus interest, UNPAID.
5. The 1988 -1989 Taxes; $384.23, plus interest, UNPAID.
6. The 1989 -1990 Taxes; $506.87, plus interest, UNPAID.
7. The 1990 -1991 Taxes; $459.62, plus interest, UNPAID.
8. The 1991 -1992 Taxes: $420.96, plus interest, UNPAID.
NOTE: The above taxes are subject to one of the foreclosure action filed
September 25, 1990, Case No. 90CV0314TM and filed July 25, 1991, Case No.
9. Subject to a Local Improvement District Assessment No. K -024 in favor of
Deschutes County.
10. Rights of the public and governmental bodies in and to that
portion of said premises, now or at any time, lying below the ordinary
high water line of the Deschutes River, including any ownership rights
which may be claimed by the State of Oregon below high water mark.
11. Such rights and easements for navigation and fishing as may exist over
that portion of the property, now or at any time, lying beneath the
waters of the Deschutes River.
12. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount:
Dated:
Recorded:
Book /Fage:
Mortgagor:
Mortgagee:
$No amount shown
January 15, 1979
January 29, 1979
261/843, Mortgage records.
Bill Mayfield
Deschutes -Odin Falls Ranch, a partnership consisting of Charles
Miller; Neva Gould, personal representative of the Estate of
Phillip R. Gould; Frank Gilchrist; Owen M. Panner; Philip Dahl,
Harold Barclay, Oliver R. Jones, Samuel S. Johnson and Orchard
Street Associates, a joint venture.
(Includes other property)
CONTINUED
0118-0636
Page 2 of Exhibit "B ", Order No. 102179 -TA, dated December 20, 1991.
Said Mortgage was assigned of record by instrument
Dated: November 2, 1979
Recorded: November 6, 1979
Book /Page: 280/464, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
Mortgage Extension Agreement
Ranch, recorded December 21,
Records.
Mortgage Extension Agreement
Ranch, recorded December 29,
Records.
Mortgage Extension Agreement
Ranch, recorded December 26,
Records.
between Bill Mayfield and Deschutes -Odin Falls
1988, in Book 176, Page 209, Deschutes County
between Bill Mayfield and Deschutes -Odin Falls
1989, in Book 199, Page 2497, Deschutes County
between Bill Mayfield and Deschutes -Odin Falls
1990, in Book 225, Page 2258, Deschutes County
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1988, in 88- PB- 0103JT.
13. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $No amount shown
Dated: March 15, 1979
Recorded: April 4, 1979
Book /Page: 265/497, Mortgage records.
Mortgagor: Johnson's Parkway Realty, Inc., an Oregon Corporation
Mortgagee: Bill Mayfield
Said Mortgage was assigned of record by instrument
Recorded: June 27, 1980
Book /Page: 293/787, Mortgage records.
Assigned to: Lyman C. Johnson and Oliver R. Jones, Trustees
(For Security Purposes)
Order to appoint R. L. Marceau as Sale Successor Trustee to Oliver R. Jones,
filed November 1, 1978, in 88- PB- 0103JT.
14. Covenants, Conditions and Restrictions as contained in instrument
recorded March 5, 1981, in Book 337, Page 407, Deed Records.
15. Bylaws including the terms and provisions thereof, recorded July 20,
1981, in Book 344, Page 667, Deed Records.
16. Easement,
the portion of
As granted to:
Recorded:
Book /Page:
including the terms and provisions thereof, affecting
said premises and for the purposes stated therein
United States Department of the Interior, Bureau of Land
Management
August 5, 1981
22/333, Deed Records
CONTINUED
0118 -0637
Page 3 of Exhibit "B ", Order No. 102179 -TA, dated December 20, 1991.
17. Deed of Trust, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $17,925.65
Dated: October 1, 1981
Recorded: October 2, 1981
Book /Page: 320/118, Deed Records
Grantor: Lower Bridge Estates, a joint venture consisting of Johnson's
Parkway Realty, Inc., an Oregon corporation and Rodney K. Houser
Trustee: Central Oregon Escrow Service, Inc.
Beneficiary: William Foster, Jr. and June Foster, husband and wife.
18. Deed of Trust, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $22,000.00
Dated: December 20, 1983
Recorded: December 22, 1983
Book /Page: 37/983, Deschutes County Records
Grantor: Jerald E. Fox
Trustee: Key Title Company
Beneficiary: Johnsons Parkway Realty, Inc.
Re- recoded: January 12, 1984
Book /Page: 40/175, Deschutes County Records
19. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $38,250.00
Dated: December 21, 1983
Recorded: December 22, 1983
Book /Page: 37/993, Deschutes County Records
Mortgagor: Jerald E. Fox
Mortgagee: K & J Properties, an Oregon Limited Partnership
Amended Mortgage including the terms and provisions thereof, between Jerald E.
Fox, as nominee for a group of individuals, including Lando D. Crittenden and
G. Louise Crittenden; and K -J Properties, an Oregon Limited Partnership,
dated December 21, 1983, Recorded March 26, 1984, in Book 49, Page 269,
Deschutes County Records.
Said Mortgage was assigned of record by instrument
Dated: August 10, 1984
Recorded: August 16, 1984
Book /Page: 69/507, Deschutes County Records
Assigned to: Dolor Corp.
CONTINUED
Page 4 of Exhibit "6", Order No. 102179 -TA, dated Decemb,ar 20, 091180638
20. Mortgage, including the terms and provisions thereof, to secure an
indebtedness of the amount herein stated.
Amount: $64,090.00
Dated: October 29, 1984
Recorded: November 15, 1984
Book /Page: 80/918, Deschutes County Records
Mortgagor: Jerald E. Fox
Mortgagee: Paulette Carroll
21. Judgment in the State Circuit Court, County of Deschutes, for the amount
herein stated and any other amounts due.
Creditor: Benton County Bank or Oregon State Bank
Debtor: Jerald E. Fox; Estate Builders, Inc.
Amount: $20,000.00; $161.50 costs; $1,000.00 attorney fees, plus interest
Entered: November 19, 1985
Book /Page: 11/250, Judgment Dockets
Case No.: TR 239075
22. Notice of Federal Tax lien for the amount herein stated and any other
amounts due:
Against:
Amount:
Entered:
Book /Page:
Jerald E. Fox and Roberta J. Fox
$137,385.85 plus interest
May 11, 1987
145/1376, Deschutes County Records
23. Judgment in the State Circuit Court, County of Deschutes, for the amount
herein stated and any other amounts due.
Creditor: Citizens S & L Assn.
Debtor: Jerald E. Fox
Amount: $102,000.00 @ 13.5%/yr. fr. 6/5/84; $3,734.00 attorney fees
$1,017.00 costs
Entered: September 16, 1987
Case No.: 86 CV 0428 JC
24. Judgment in the State Circuit Court, County of Deschutes, for the amount
herein stated and any other amounts due.
Creditor: Citizens S & L Assn.
Debtor: Jerald E. Fox
Amount: $366,000.00 @ 18.5% /yr. fr. 12/20/83; $3,776.00 attorney fees
$1,001.50 costs
Entered: September 17, 1987
Case No.: 86 CV 0438 TM
CONTINUED
0118 -0639
Page 5 of Exhibit "B ", Order No. 102179 -TA, dated December 20, 1991.
25. Judgment in the State Circuit Court, County of Deschutes, for the amount
herein stated and any other amounts due.
Creditor: Ann Olsen Silvernail
Debtor: Jerald E. Fox
Amount: $21,677.17
Entered: September 23, 1988
Book /Page: 170/2692, Deschutes County Records
The names of additional persons who are entitled to receive a copy of notice
of sale as provided by ORS 86.705 etseq.:
1. Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Re: Exception No. 12
Suzanne Johnson, Christine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
2. Bill Mayfield
525 NW 10th
Redmond, Oregon 97756
Re: Exception No. 13
Ronald L. Marceau, Trustee
1201 NW Wall,
Bend, Oregon 97701
Suzanne Johnson, Christine Groner, Kathryn Johnson and Charles Johnson,
devisee's of Lyman C. Johnson, deceased
Address unknown
3. William Foster, Jr.
June Foster
Address unknown
Re: Exception No. 17
4. Johnson's Parkway Realty, Inc.
Address unknown
Re: Exception No. 18
5. K & J Properties
Address unknown
Re: Exception No. 17
Dolor Corp.
Oly Grand Investments, Inc.
Address unknown
CONTINUED
0118 -0640
Page 6 of Exhibit "B ", Order No. 102179 -TA, dated December 20, 1991.
6. Paulette Carroll
Address unknown
Re: Exception No. 20
7. Benton County Bank
Oregon State Bank
No Address Shown
Re: Exception No. 21
8. Internal Revenue Service
Portland District
No address shown
Re: Exception No. 22
9. FDIC, Manager of FSLIC Resolution Fund as Successor to Federal Savings
and Loan Association.
2870 Zanker
San Jose, California 95134
Re: Exception No. 23 & 24
10. Ann Olsen Silvernail
No address shown
Re: Exception No. 25
11. Jerald E. Fox, Lando D. Crittenden and G. Louise Crittenden, Gerald G.
Dumont and Alma M. Dumont, Robert A. Giuliani and Katherine M. Giuliani
Eldon L. Erickson and Carol F. Erickson, Richard W. Henton and June M. Henton,
Joneth An Lucht, Bob D. Wehnert, Stanley A. Rich, Michael P. Moore and Sandra
L. Moore, Lloyd V. Swanson, James G. Youde and Judith D. Youde, G.R. Alexander
and Catherine Alexander, Bernard E. Musch and Connie B. Musch.
END
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