Grant Deed 2005-0967417
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10691
Recording Reauested by:
Chicago Title Company
Mail Tax Statements to and
When Recorded Mail to:
Poway Redevelopment Agency, a public
body corporate and politic
Revenue & Business Activity Manager
13325 Civic Center Drive
Poway, CA 92064-5755
Title Order # 53050656-U53
Escrow No: 53050656E-MM
APN 323-203-20-00
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DC,.; # 2005-0967417
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NOV 07,2005 3:18 PM
ClFFICI,6,L RECClRD~;
'=;,2.,:'_j DiEGO DJUNT"'( RECORDER'S iJFFICE
!~if:EC,OF:Y.J :"MITH, COUNTY F:ECOF:DER
FEES [1[1[1
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PCl.f3E':;
2005-0967417
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Space Above ror Recorder's Use Onlv
GRANT DEED
The undersigned declares that the documentary transfer tax is $ -0- NONE _ CITY OF POWAY IS
EXEMPT FROM PAYMENT OF SAID TAX and is
- computed on the full value of the interest or property conveyed or is
- computed on the full value less the value of liens or encumbrances remaining thereon at the time of
sale.
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
BSM Properties, LLC, a California Limited Liability Company
hereby GRANT(S) to
Poway Redevelopment Agency, a public body corporate and politic
the following described real property in the County of San Diego, State of California:
PARCEL 1: The Northerly 25 feet of the Southerly 250 feet ofthe East 50 rods of
Lot 2 in Section 18, Township 14 South, Range 1 West, San Bernardino Base and
Meridian, in the City of Poway, County of San Diego, State of California, according
to the Official Plat thereof, EXCEPTING the Easterly 330 feet and the Westerly 155
feet thereof.
PARCEL 2: An access and general utility easement over, under, along and across
the Northerly 40 feet of the Southerly 250 feet of the East 50 rods of Lot 2 in Section
18, Township 14 South, Range 1 West, San Bernardino Base and Meridian, in the
City of Poway, County of San Diego, State of California, according to the Official
Plat thereof, EXCEPTING the Easterly 670 feet thereof.
" I Or\!
Or{) - \...AD
10692
Signature page to Grant Deed for Escrow #53050656E-MM
Dated: October 4, 2005
BSM Properties, LLC, a California Limited
Liability Company
By: ~ ~~
Mark Abelkop
Its: "." A!!'L!"..;:.r.c?~?:
State of California)
County of San Diego)
On N-+ -:J 2~~ , before me, the unders1W\ed,A Notary Public in and
for said State, personally appeared f'i\CLr C. A\-;).eI~P ,
personally known to me or proven to me on the basis of satisfactory evidence to be the
person~ whose name~fe subscribed Rth~ within instrument and acknowledged to
me at Viihe/~y executea the same in fus./lI6r/th,eir authorized capacity~), and that
b hi r/th?fr signature~ on the instrument the personp', or the entity upon behalf of
whIch e person~) acte6, executed the instrument.
SS my hand and OffiC~S~~~_
COCK
COMM. #1582007 n
NOTARY PUBUC.cALIFORNtA =...
SAN DIEGO COUNTY
My Comm. e.pq. May 2&, 2008
106'93
CERTIFICATE OF ACCEPTANCE
I, L. Diane Shea, as Secretary and agent for Poway Redevelopment Agency
make the following certification on its behalf:
This is to certify that the interest in real property conveyed by the Grant Deed
dated /6 - 'f - 0 ~ from 8SM Properties, LLC, Grantor, to the Poway
Redevelopment Agency, Grantee, a political corporation and/or governmental agency,
is hereby accepted by the undersigned officer or agent on behalf of the Board of
Directors pursuant to authority conferred by Resolution No. R-87-18 adopted on July 21,
1987, and the grantee consents to recordation thereof by its duly authorized officer or
agent.
---
Dated: /1-7-0\
POWAY REDEVELOPMENT AGENCY
Seal:
Byr(;~~
L. Diane Shea, Secretary
N:\citylshare\certificate of acceptance-rda.doc
.~
.......
I
CAlJFORN~" LAND TITLE ASSOCIATION
STANDARD COVERAGE POUCY 1990
CHICAGO
TITLE
INSURANCE
COMPANY
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE
CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, CHICAGO TITLE
INSURANCE COMPANY, a Missouri corporation, herein called the Company, insures, as of Date of Policy shown
in Schedule A, against loss or damage, not exceeding the Amount ofInsurance stated in Schedule A, sustained or
incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A beimg vested other than as stated therein;
2. Any defect in or lien or encumbrance on the title;
3. Unmarketability of the title:
4. Lack of a right of access to and from the land;
and in addition, as to an insured lender only:
5. The invalidity or unenforceability of the lien of the insured mortgage upon the title;
6. The priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being
shown in Schedule B in the order of its priority;
7. The invalidity or unenforceability of any assignment of the insured mortgage, provided the assignment
is shown in Schedule B, or the failure of the assignment shown in Schedule B to vest title to the insured
mortgage in the named insured assignee free and clear of all liens .
The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title or the lien of the
insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations.
In Witness Whereof, CHICAGO TITLE INSURANCE COMPANY has caused this policy to be signed and sealed as
of Date of Policy shown in Schedule A, the policy to become valid when countersigned by an authorized signatory_
Issued by:
CHICAGO TITLE
2365 NORTHSIDE DRIVE, SUITE 600
SAN DIEGO, CA 92108
CHICAGO TITLE INSURANCE COMPANY
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By:
ATTEST
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CLTA Standard Coverage Policy - 1990
Reorder Form No. 8223 (Reprinted 10/00)
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California Land Title Association
Owner's Policy
Your Ref:
53050656-EMM
SCHEDULE A
Amount ofInsurance: $172 , 600 . 00
Date of Policy: November 7, 2005
at 3: 18 PM
Policy No. 53050656
Premium: $839.00
U52
1. Name of Insured:
POWAY REDEVELOPMENT AGENCY, A PUBLIC BODY CORPORATE AND POLITIC
2. The estate or interest in the land which is covered by this policy is:
A FEE AS TO PARCEL 1;
AN EASEMENT MORE FULLY DESCRIBED BELOW AS TO PARCEL 2
3. Title to the estate or interest in the land is vested in:
POWAY REDEVELOPMENT AGENCY, A PUBLIC BODY CORPORATE AND POLITIC
4. The land referred to in this policy is described as follows:
PARCEL 1:
THE NORTHERLY 25 FEET OF THE SOUTHERLY 250 FEET OF THE EAST 50 RODS OF LOT 2 IN
SECTION 18, TOWNSHIP 14 SOUTH, RANGE 1 WEST, SAN BERNARDINO BASE AND MERIDIAN, IN
THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO THE
OFFICIAL PLAT THEREOF, EXCEPTING THE EASTERLY 330 FEET AND THE WESTERLY 155 FEET
THEREOF.
PARCEL 2:
AN ACCESS AND GENERAL UTILITY EASEMENT OVER, UNDER, ALONG AND ACROSS THE NORTHERLY
40 FEET OF THE SOUTHERLY 250 FEET OF THE EAST 50 RODS OF LOT 2 IN SECTION 18,
TOWNSHIP 14 SOUTH, RANGE 1 WEST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF
POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT
THEREOF, EXCEPTING THE EASTERLY 670 FEET THEREOF.
This Policy valid only if Schedule B is attached.
CLTAOASa-10/13{95AA
CHICAGO TITLE INSURANCE COMPANY
California Land Title Association
Owner's Policy
Your Ref:
53050656-EMM
SCHEDULE B
Policy No. 53050656
U52
EXCEPTIONS FROM COVERAGE
This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses)
which arise by reason of:
PARTI
1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes
or assessments on real property or by the public records.
Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings,
whetheror not shown by the records of such agency or by the public records.
2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by
an inspection of the land or which may be asserted by persons in possession thereof.
3. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records.
4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct
survey would disclose, and which are not shown by the public records.
5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance
thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are
shown by the public records.
PART II
p 1. PROPERTY TAXES, INCLUDING ANY PERSONAL PROPERTY TAXES AND ANY ASSESSMENTS
COLLECTED WITH TAXES, FOR THE FISCAL YEAR 2005-2006.
1ST INSTALLMENT:
2ND INSTALLMENT:
PENALTY AND COST:
HOMEOWNERS
EXEMPTION:
CODE AREA:
ASSESSMENT NO:
$10,756.02 (PAID)
$10,756.02
$1,085.60 (DUE AFTER APRIL 10)
NONE
17005
323-203-20
AFFECTS:
THE HEREIN DESCRIBED LAND AND OTHER LAND.
A 2. THE LIEN OF SUPPLEMENTAL TAXES, IF ANY, ASSESSED PURSUANT TO THE PROVISIONS OF
CHAPTER 3.5 (COMMENCING WITH SECTION 75) OF THE REVENUE AND TAXATION CODE OF
THE STATE OF CALIFORNIA.
w 3. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET
FORTH IN A DOCUMENT
GRANTED TO:
PURPOSE:
RECORDED:
BEVERLY W. RIMBACH, A SINGLE MAN
ROAD AND PUBILIC UTILITY
DECEMBER 29, 1958 IN BOOK 7417, PAGE 293, OFFICIAL
CL.TAOB88-10/13j95AA
CHICAGO lITLE INSURANCE COMPANY
Policy No. 53050656 -U52
Page 1
SCHEDULE B
(CONT.)
Part II
AFFECTS:
RECORDS
THE ROUTE THEREOF AFFECTS A PORTION OF SAID LAND AND
IS MORE FULLY DESCRIBED IN SAID DOCUMENT.
SAID EASEMENT HAS BEEN CONVEYED AND/OR RESERVED IN VARIOUS OTHER
INSTRUMENTS OF RECORD.
H 4. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS
SET FORTH IN A DOCUMENT
GRANTED TO:
PURPOSE:
RECORDED:
SAN DIEGO GAS & ELECTRIC COMPANY
PUBLIC UTILITIES, INGRESS AND EGRESS
SEPTEMBER 20, 1977 AS FILE NO. 77-384873, OFFICIAL
RECORDS
THE ROUTE THEREOF AFFECTS A PORTION OF SAID LAND AND
IS MORE FULLY DESCRIBED IN SAID DOCUMENT.
AFFECTS:
I 5. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS
SET FORTH IN A DOCUMENT
GRANTED TO:
PURPOSE:
RECORDED:
THE PACIFIC TELEPHONE AND TELEGRAPH COMPANY
PUBLIC UTILITIES, INGRESS AND EGRESS
SEPTEMBER 26, 1978 AS FILE NO. 78-410666, OFFICIAL
RECORDS
THE EASTERLY 5 FEET OF THE SOUTHERLY 199.16 FEET
AFFECTS:
K 6. A DOCUMENT ENTITLED "COVENANT REGARDING REAL PROPERTY", DATED SEPTEMBER 15,
2003 EXECUTED BY BSM PROPERTIES, LLC, PROPERTY OWNER AND THE CITY OF POWAY,
SUBJECT TO ALL THE TERMS, PROVISIONS AND CONDITIONS THEREIN CONTAINED,
RECORDED OCTOBER 24, 2003 AS FILE NO. 2003-1301147 OF OFFICIAL RECORDS.
L 7. A DOCUMENT ENTITLED "COVENANT REGARDING REAL PROPERTY", DATED MAY 11, 2004,
EXECUTED BY BSM PROPERTIES, LLC AND CITY OF POWAY, SUBJECT TO ALL THE
TERMS, PROVISIONS AND CONDITIONS THEREIN CONTAINED, RECORDED MAY 18, 2004,
AS DOCUMENT NO. 2004-0451056, OFFICIAL RECORDS.
M 8. ANY RIGHTS, INTERESTS OR CLAIMS WHICH MAY EXIST OR ARISE BY REASON OF THE
FOLLOWING MATTERS DISCLOSED BY AN INSPECTION:
A) A DIRT ROAD NAMED "OTIS POST WAY" CROSSES SAID LAND ALONG THE WESTERLY
AND SOUTHERLY PORTIONS.
K 9. A DOCUMENT ENTITLED "COVENANT REGARDING REAL PROPERTY", DATED OCTOBER 7,
2005 EXECUTED BY AND BETWEEN BSM PROPERTIES, LLC AND THE CITY OF POWAY,
SUBJECT TO ALL THE TERMS, PROVISIONS AND CONDITIONS THEREIN CONTAINED,
RECORDED OCTOBER 20, 2005 AS FILE NO. 2005-0910787, OFFICIAL RECORDS.
R END OF SCHEDULE B
CLTA88C - 12/16/88
Policy No. 53050656 -U52
Page 2
SCHEDULE B
(CONT.)
Part II
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