HomeMy WebLinkAbout#696- Deed; ROW grant - From Murat-McKinley, Hickory, Logan-Project T6000(7), R&S 57Pi oneer National Title Insurance Company
AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, PIONEER NATIONAL
TITLE INSURANCE COMPANY (a Stock Company) .a California corporation, herein called the Company, in-
sures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated
in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder,
sustained or incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested otherwise than as stated iherein;
2. Any defect in or lien or encumbrance on such title„
3. Lack of a right of access to and from the land; or
4. Unmarketability of such rifle;
This policy shall not be valid or binding until countersigned below by a validating officer of the Company.
In Ir/i/ness Whereof, Pioneer National Title Insurance Company has Caused its
corporate name and seal to be hereunto affixed by its duty authorized officers as of
the dare shown in Schedule A, the effective Date of this Policy.
Pioneer National Title Insurance Company
IJ"e nnd Crlr"'G."�lirin
226 Wtrsl Jcfforson LoutcvOrdl b,
South Bend, Indiana A6601 zU
PRESIDENT
Countersigned:
x.
1,'Wielaling Signatory
vjce res,ident
9C 4 4qP . 1 SECRETARY
AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY —FORM B-1970
(AMENDED 10-17-70)
7
23534 SCHEDULE A
Date of
PolicyNo. C2 712 12387 PoficY J11-1-Y 37 1973
INSURVD
CIVIL CITZ OF SOUTH BEND
Amount $ 101000. 00
L "Title to to come or interest covered by this policy at the date hereof is vested in the insured,
Fee Simple
3. The land referred to in this policy is located as the COLITIty Of St . Jo s etch
State of Indiana and described as follows:
Parcel I: Commencing at the South East corner of Section 5, Township
37 North Range 3 boas thc.-?nce due North along the East line
of said Section 5 &'distance 01 53 feet;the nce due West 20 feet to the
true.c.ap
fbeinning; thence due North along a line 20 feet Vest ofrallel to said East line of 3ection 51 a distance of 150 feet;
thence duo West 20 feet; thence due 6onth along a line 40 fect West of
and parallel to said East line of Section 5, a distance of 150 feet:
thence due East a distance of 20 feet to the true place of bcgng,
all in the South East Quarter of the Muth East 4�uarter of 3ection 5,
TownshiP 37 North, Range 3 East, F'Ortage Township, St. Joseph County,
indiana.
Parce2 10 Commencing at the South East COPAK Of SlctibA'51 Township
37 Northl Range 3 East; thence due North 40 feet along the
East line of said Section 5; thence due West 20 feet to the true point
of beginning; thence due North a distance of 513 feet along as line 20
feet West of and parallel to said East line of Section 5; thence due
West 20 feet; thence due South 513 feet along as line 40 feet West of" air
parallel to the East line of Section 5; thence due East 20—feat to he
true Point of beginning, all in the South East Quarter of the South East
Quarter of Section 5, Township 37 North, Rqnge 3 East, Portage Township
St. Joseph County, Indiana.
SCHEDULE B
Policy No. C2 712 12387
This policy does not insure against loss or damage by reason of the following: 102, tlu
alKi
Sundud Exceptions:
(a) Rights or claims of parties in possession not shown by the public records.
(b) Easements, or claims of easements, not shown by the public records.
(c) Encroachments:, overlaps, boundary line disputes, or other matters which would be disclosed by an
accurate survey or inspection of the: premises.
(d) Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed
by law and not shown by the public records.
Special Exceptions'
L Taxes for the year 1973 due in Nay and November5 1974 and all subsequent
taxes.
2. Restrictions contained in the warranty deed from Clarence W. Dockery
and YArtha Dockery, husband and wife, to krmand Murat, Jr. and Dorothy
Murat, husband and wife, dated March 271 1964 and recorded April 30,
1964 in Deed Record 650, page 476, as follows:
"No part of the real estate herein conveyed shall be used by the Grantees
their heirs, devi3eesl successors, and assigns for the purpose of
carrying on or conducting the business of selling, handling, or dealing
in gasoline5 kerosene, naptha, grease, lubricating oils, or any fuel to
be used for heating, internal combustion or lubricants in any form. This
restriction shall rerain in full force and effect fop a period of thirty
(30) years from date of this deed.''
End of Schedule B.
CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
the time of such payment or tender of
payment, by the insured claimant aInd
authorized by the Company.
6. DETERMINATION AND PAYMENT OF
LOSS
(a) The liability of the Company
under this policy shall in no case exceed
the least of:
(i) the actual loss of the insured
claimant; or
(ii) the amount of insurance stated
in Schedule A.
(b) The Company will pay, in ad-
dition to any loss insured against by this
policy, all costs imposed upon an insured
in litigation carried on by the Company
for such insured, and all costs, attorneys'
zation of the Company,
(c) When liability has been clefin-
itely fixed in accordance with the con-
ditions of this policy, the loss or damage
shall be payable within 30 days thereafter.
7. LIMITATION OF LIABILITY
No claim shall arise or be maintain.
able under this policy (a) if the Com-
pany, after having received notice of an
alleged defect, lien or encumbrance in-
sured against hereunder, by litigation or
otherwise, removes such defect, lien or
encumbrance or establishes, the title, as
insured, within a reasonable time after
receipt of such notice; (b) in the event
of litigation until there has been a final
determination by a court of competent
jurisdiction, and disposition of all appeal,,
therefrom, adverse to the title, as insured,
as provided in paragraph 3 hereof,, or
(c) for liability voluntarily assumed by
an insured in settling any claim or suit
without prior written consent of the
Company,
8, REDUCTION OF LIABILITY
All payments under this policy, ex-
cep,t payments made for costs, attorneys'
fees and expenses, shall reduce the
amount of the insurance pro tanto. No
payment shall be made without producing
inent unless the policy be lost or tie-
stroyed, in which case proof of such loss
or destruction shall be furnished to the
satisfactiort of the Company.
9. LIABILITY NONCUMULATIVE
It is expressly understood that the
amount of insurance under this policy
shall be reduced by any amount the Com.
pany may pay under any policy insuring
either (a) a mortgage shown or referred
to in Schedule B hereof which is a lien
on the estate or interest covered by thi,
policy, or (b) a mortgage hereafter exe-
cuted by an insured which is a charge
(it lien on the estate or interest described
or referred to in Schedule A, and the
amount so paid shall be deemed a pa )_
inent under this policy. The Company
shall have the option to apply to the P ay-
ment of any such mortgages any amount
that otherwise would be payable here-
under to the insured owner of the estate
or interest coveted by this policy and the
amount so paid shall be deemed a pay-
ment under this policy to said insured
owner,
10. APPORTIONMENT
If the land described in Schedule A
consists of two or more parcels which are
not used as a single site, and a loss is
established affecting one or more of said
parcels but not at], the loss shall be com-
puted and settled on a pro rats basis as if
the amount of insurance under this policy
as divided pro, rato as to the value on
Date of Policy of each separate parcel to
the whole, exclusive of any improvements
made subsequent to Date of Policy, unless
it liability or value has otherwise been
agreed upon as to each such parcel by the
Company and the insured at the time of
the issuance of this policy and shown by
an express statement herein or by an
endorsement attached hereto.
11. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whenever the Company shall have
settled a claim under this policy, all right
,of subrogation shall vest in the Company
unaffected by any act of the insured
claimant. The Company shall be sub-
rogated to and be entitled to all rights
and remedies which such insured claim-
ant would have had against any person or
PF
L
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property in respect to such claim had
this policy not been issued, and if re-
quested by the Company, such insured
claimant 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 per-
mit the Company to use the Dime of such
insured claimant in any transaction or
litigation involving such rights or rem-
edjes" If the payment does not cover the
loss of such insured claimant, the Com-
pany shall be subrogated to such rights
and remedies in the proportion which
said payment bears to the amount of said
loss, If loss should result from any act
of such insured claimant, such act shall
not void this policy, but the Company, in
that event, shall be required to pay only
that part of any losses insured against
hereunder which shall exceed the amount.
if any, lost to the Company by reason of
the impairment of the right of subroga-
tiori
12. LIABILITY LIMITED 70 THIS POLICY
This instrument together with all en-
dorsements and other instruments, if in),,
attached hereto by the Company is the
entire policy and contract between tile
insured and the Compariv.
Any claim of loss or damage, whether
or not based on negligence, and which
arises out of the status of the title to the
estate or interest covered hereby or any
action asserting such claim, shall be re,
stricted to the provisions and conditions,
and stipulations of this policy.
No, amendment of or endorsement to
this policy can be made except by writing
endorsed hereon or attached hereto signed
by either the President, a Vice -Presi-
dent, the Secretary, an Assistant Secre-
tary, or validating officer or authorized
signatory of the Company.
13, NOTICES, WHERE SENT
All notices required to be given the
Company and any statement in writing re-
quired to be furnished the Company shall
include the number of this policy and shall
Department, 433 South Spring Street,
Angeles, California 90013,
Pioneer National Title Insurance Company
HOME OFFICE
433 South Spring Street
Los Angeles, California 90013
2,82
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POLICY OF TITLE INSURANCE
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AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, PIONEER NATIONAL
TITLE INSURANCE COMPANY (a Stock Company), as Califorroa corporation, herein called the Company, in-
sures, is of Date of Policy shown in Schedule A, against loss or darnage, not exceeding the amount of insurance stated
in Schedule A, and costs, attorneys' fees nand expenses which the Company may become obligated to pay hereunder,
sustained or incurred by the insured by reason of:
I, Title to the estate or interest described in Schedule A being ve5ced otherwise than as stated therein;
2. Any defect in or lien or encumbrance on such title;
3. Lack of a right of access to and from the land; or
4. Uninarkerability of such title;
This policy shall not be valid or binding until COUnrcrsigned below by a validating officer of the Company.
I
bi llviine,,ss W'hereof Pioneer National Title Insurance Company his caused its
"'�, 1;
corporate it. anie and scal to be hereunto at -fixed by its duly authorized officers as of
the date shown in SchedUle A, the effective Date of this Policy.
Pioneer National Title Insurance Company
226 WLsf Je.fierson Boulcvmd,
by
South Bend, Indiana A66()l
PRESIDENT
Anest
Countersigne 1,-1
Vice 11resident IlWidating Signatory
9v, a &_ SECRETARY
2 60a,
AMERICAN LAND TITLE A5SOCENDEDIATION 10-17-7OWNER0)'S POLICY -FORM B-1970
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