LQ Historical Society/Purchase Agreement 00rM..i•i : r'UMz.ai ♦c La`._.r,J., ..�v a.., G.�.
Fidelity National Title Company
PRELIMINARY REPORT
Ir, rasponse to the application for a policy of title insurance referenced herein, Fidelity
Plational Title Company hereby reports that it is prepared to issue, of cause to be
issued, as of the date hereof, a Policy or Policies of Title Insurance describing the land
t:�e estate or interest therein hereinafter set forth, insuring against loss which may he
sj,-.ta;ned by reason of any defect, lien or encumbrance not shown or referred to as ar
Exception below or not excluded from coverage pursuant to the printed Schedules,
Conditions and Stipulations of said Policy forms.
Y:�a ,printed Exceptions and Exclusions from the coverage of said Policy or Policies are set
forth in Exhibit A attached. Copies of the Policy forms should be read. They are available
from the office which issued this report.
ris report (and any supplements or amendments hereto) is issued solely for the purpose
of faciiitating the issuance of a policy of title insurance and no liability is assumed hereby.
i' it is desired that liability be assumed prior to the issuance of a policy of title insurance, a
Binder or Commitment should be requested.
, i,e Poiicyls! of title insurance to be issued hereunder will be policy(s) of Fidel. ty Nanonal
.'itlr; lnsuran-�& Company, a California corporation.
Please read the exceptions shown or referred to below and the exceptions and exclusions
set forth in Exhibit A of this report carefully. The exceptions and exclusions are meant to
provide you with notice of matters which are not covered under the terms of the title
insurance policy and should be carefully considered.
It is important to note that this preliminary report is not a written representation as to the
condition, of title and may not list all tens, defects and encumbrances affecting title to the
land.
-rjj--- 1,3�
Countersigned
Fide ft Ai"boat TN* Cdwparry
ey
SEAL A77 e,aww
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Aft
Fidelity _National Title Company
3G1 F. Vandrrbk'Nay. Suire x400 0 San 3ernara:nc, CA 924Cs
(.., v9; p9-.()30 o • 70 X
PRELIMINARY REPORT
ORDER NO.: 534724
! ITLc OFF;CES. Brian Smith Fax (909) 890-3609
TO. Foresite Escrow
41995 2oardwalk #G-2
Paim Desert, CA 92260
" ``N: Lair
%
YOUR REFERENCE.: 2-30228
SHORT TERM RATE: Yes
PROPERTY ADDRESS: 77885 Avenida Nlontezuma, La Quinta, California
EFFECTIVE DATE: December 30, 1999, 07:30 A.M.
the f;.)rrr, of Plicy or Policies of title insurance Contemplated by this report is:
California Land Title Association Standard Coverage Policy - 1990
THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED
TO COVERED BY THIS REPORT IS:
A Fee
2. -7LE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN:
La Quinta Historical Society
_. THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE Cl TY OF LA
O.UIN T A, IN THE COUNTY OF RIVERSIDE, STATE OF CALIFQRNW AND IS
DESCRIBED AS FOLLOWS:
SEE EXHIBIT "ONE" ATTACHED HERETO AND MADE A PART HEREOF
JK'ijK 01;21,/2,OOC
.r� � v._ � ... -a •tva. i .: aCG.711G L•J'r •-vw iay.. 1._ L1� � /._+ �r0.� �l.a� `t- 'i
Order No. 53=72
EXHIBIT "ONE"
Lcts 10, 11, and 1" in Block 133, Santa Carmeiita at Vale La Quinta, Unit # 14, as per
Map recorded ir► Book 18, Pages 82 and 83 cf N1aps, in the office of t^e County RecorJer
of said County.
L,
Efv,S: (Continued)
&der Nc 24
AT THE DATE HEREOF, ITEMS TO BE CONSIDERED AND EXCEPTIONS TO COVERAGE IN
ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN SAID POLICY FORM
0; ULD BE AS FOLLOWS:
1. Property taxes, which are a lien not yet due and payable. including any assessments
ccliectee with *axes to be Ie�: ic-d for the fiscal ,ear 20002GG1.
2. Property taxes, including any personal property taxes and any assessments ccllecte,d
with taxes, for the fiscal year 1999-2000, Assessor's Parcel Number 773-101.001 2.
Code Area Number: 020016
1st installment: $21.39 Delinquent 2.141 Penaity
2nd Installment:
$21.39 Open c
Land:
$39,722.00
improvements:
$35,648.00
Exemption:
$75,370
Personal Property:
$0
Bill, ND.:
000439553
3_ Supplemental assessment for 1999-2000
Bill No,: 005972992
1 st Installment: t'55.73
Must be paid by: December 10, 1999
2nd Installment: $55.73
Must be paid by: April 10, 2000
4. The lien of supplemental taxes, if any, asses:;2d pursuant to the provisions of Chapter
3.5 (Commencing with Section. 75) of the Revenue and Taxation code of the State of
California.
5. Water rights, claims or title to water, whether or not disclosed by the public records.
6. Easement(s) for the purpose(s) shown below and rights incidental thereto as granted in
a document.
Granted to: Southern Sir.vras Power. Company
Purpose: aerial and underground electric structures
Recorded: October 9, 1925, Book 254, Page 471, of Official Pecords
Affects: The exact location and extent of said easement is not disciosad of
record.
7 Covenants, conditions and restrictions (deleting therefrom any restrictions indicating
any preference, limitation or discrimination based on rage., color, religion, sex,
handicap, familial status or national origin) as set forth in the document
Recorded: January 7, 1965, Book 3895, Page 215. of Officiai Records
Said covenants, conditions and restrictions provide that a violation thereof shall not
defeat the lien of any mortgage or deed of trust made in good faith and for value.
� .. � z - a, a. • _ � _. 1 i ... , � _ u :C L J a 1 t L .- v .� v w � .. _. - .J ._. ..� � ... .- r .. ... r-... _ - _
STEMS: 'C;ntinued) Order N,).
a. A Notice of Existing Buildings: Earthquake Liazarlr recorded September i 9 ?' , as
!nstrument No. 310521.
Reference is made t- said document for furl particulars.
9. A dCed of crust to secure an incatitedness in ite arr.ount shown below and any Gt^e,
obligations secured thereby
Amount;
5150,000,00
Dated:
April 1 1998
Trustor:
La Quinta Historical Society
Trustee:
Commonweaith Land Titre Company, a California corporation
9eneficiar•a:
Cimmer Family Founcation
roan No.:
Recorded:
April S. 1998, Instrument%Fop No. 134993, of Official Records
rJ. Tn;s Company will require the following documents for review prior to the issuance of
any title assurance predicated
upon a conveyance or encurnorance by the corporation
named below.
Corporation:
La Quinta Historical Society,
(a)
A copy of the corporation BY -Laws and Articles of Incorporation.
(b)
An original or certified copy of the Resolution authorizing the
transaction contemplated herein.
(c)
If the Articles andior By -Laws require approval by a "parent"
organization, a copy of the Articles and By -Laws of the parent.
The right ;s reserved
to add requirements or additional items after completion of such
review.
11. This Company will require the following documents for review prior to the issuance cf
title essurance predicated upon a conveyance or encumbrance by the corporation
named below.
Corporation_ La Quinta Redeveiopment Agency,
(a; A copy of the corporation By -Laws and Articles of Incorporation.
(b) An original or certified copy of the Resolution authorizing the
transaction contemplated herein.
(c) IT the Articles andior By -Laws. require approval by a "parent"
organization, a copy of the Articles and By -Laws of the parF nt.
The right is reserved to add requirements or additional items after completion of sur:h
.review,
END OF ITEMS
ITEMS: ;Continued) Order No. 5; 4724
Note 1. Property taxes for the fiscal year shown, below are PAID. For proration purposes t: e
amounts are:
Note 2
Note 3.
AP;',41:
Fiscal year
1 st installment-
2nd Installment:
Exemption,:
Land'
improvements:
Code Area:
Bill No.:
77?-101.002-4
1999-2000
$22.80 FAiO
t22.80 PAID
$36.667
$36,667.00
$6.00
020015
000439555
Property taxes for the fiscal year shown below are PAID. For proration ourp,3ses the
amounts are:
APN:
Fiscal year
1 St Installment:
2nd Installment:
Exemption:
Land:
Improvements:
Code Area:
Bill No.:
773.101-002-3
1999-2000
$22.80 PAID
$22.80 PAID
$40,741
$40,741.00
$0.00
020016
000439554
There are NO deeds affecting said land, recorded within six (6) months of the date of
this report.
Wiring instructions for FIDELITY NATIONAL TITLE INSURANCE COMPANY, INLAND
EMPIRE, California, are as follows:
Receiving Bank:
Bank of America
1850 Gateway Blvd.
Concord, CA 94520
Federal Routing No.:
121-000-358
Account Name:
Fidelity National Title Insurance Company
Title Trust Account, Inland Empire
Account Number:
12356-19437
Title Order No.:
534724
TITLE OFFICER: Brian Smith Fax (909) 890.3609
This information is to be included in the wire text.
Note 4. Section 12413.1. California Insurance Code became effective January 1, 1990. This
legislation deals with the disbursement of funds deposited with any title entity acting in
are escrow or subescrow capacity. The law requires that all funds be deposited and
collected by the title entity's escrow and/or subescrow account prior to disbursement
of any funds. Some methods of funding may subject funds to a holding period which
must expire before any funds may be disbursed. In order to avoid any such delays, -,!I
fundings should be done through wire transfer, certified check or checks drawn on
California financial institutions.
Note 5. The charge where an order is cancelled after the issuance of the report of title, will oe
that amount which in the opinion of the Company is proper compensation for the
services rendered or the purpose for which the report is used, but in no event shall said
charge be less than the minimum amount required under Section 12404.1 of the
Insurance Code of the State of California. If the report cannot be cancelled "no fee"
pursuant to the provisions of said Insurance Code, then *,he minimurn cancellation fee
shall be that permitted by law.
ITEMS: (Continued) Order No. 534724
Note 6. California Revenue and Taxation Code Section 18668, effective January 1, 1991,
requires that the buyer in all sales of California Real Estats, wherein the Seller shows
an out of State Address, withhold 3-1;3% of the total sales price as California State
Income Tax, subject to the various provisions of the law as therein contained
.. ,tii.-_ vr_ � v'V CRJi'1 C'Vr L.:11L L.'. l.R\.n ..... .✓Gi.� �..
Fidelity National Title
301 Fast Vanderbi t way • San Bernardino, CA 92408
WIRE INSTRUCTIONS
Please wine all funds for:
Fidelity National Title
Inland Empire Division
San Bernardino & Riverside Counties
to:
Banff of America
1850 Gateway Blvd.
Concord, CA 94520
ABA #121000 358
Account #I2356-I9437
• Include Title Order Number •
• Include Title Officer Name •
_ — — _ ..v . — - i ♦ Rv11 , -MZ-Z I .G �. `rV ,j. ..r 'n ♦ 1t1.. . 1 C . _ �`:J:J .
NOTICE
,F YOU 3rJUGH7, SOLD OR REFINANCED A HOME (RESIDENTIAL REAL PROPERTY) 10,
CAL",'FORNIA BETWEEN JULY 1, 1989 ANC FEBRU4PY 28. 1997, PLEASE READ THE
FCLLOWIING'
Pursuant to a Settliament Agreement in a class action lawsuit filed ir. the Superior
Cour, fc.,:.os Angeles County, a settlement agreement has been entered into that provides
;ers�ons who bought, sold cr refinanced residential real property in the State of California
hetween July 1, 1989 and February 28, 1997, with certafi rights. If you are such a person
anc you are now engaged in an escrow transaction with Chicago Title Company, Gateway
Title Companv, Benefit Land Title Company or Fidelity National Title insurance Company
you lave the following rights:
If one of these companies previously handled a residential escrow transaction for
you tr,t invoived residential real property in which a mortgage, promissory note, or similar
deb, instrument, repayment of which was secured by a duly recorded deed of trust, was
fully paid, satisfied or discharged and a reconveyance of that deed of trust was executed
and was delivered to one of those title companies for recording but was inadvertently not
recorded, you have the right to request that a release of obligation or reconveyance be
ecorded in accordance with the terms cf the Settlement Agreement.
To obtain this right you must:
(1) Establish to the satisfaction of the title company that you actually closed
an escrow between July 1, 1989 and February 27, 1997, which was handled by one of
the above listed title insurance companies, in which a mortgage, promissory note, or similar
debt instrument secured by a duly recorded deed of trust was fully paid, satisfied or
discharged and a reconveyance of that deed of trust was executed and was delivered for
recordation, to the title company that handled the prior transaction. Proof of said
transaction shall be made by presenting a closing statement, preliminary title repor-, titl.-e
insurance policy or a paid escrow invoice which identifies you and the prior deed of trust;
and
(2) Request in writing the recording of a reconveyance or release or obligation
,n the event that one inadvertently had not been previously recorded in the escrow
transaction previously handled by one of the above -named title companies.
If you believe that you are entitled to benefits as a class member, please send your written
requests or any questions concerning the foregoing to Janet Borack, Legal Department,
Fidelity National Title Insurance Company, 17911 von Karman Avenue, Suite 300, Irvine,
California 92614.
EXHIBIT A
Ai•AERICAN LANC 7tTLE ASSOCIA T ION
RESIDENTIAL TITLE WSURANCE POLICY (6-1•87) EXCLUSIONS
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SCHEDULE 8
EXCEPTIONS
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CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1990
EXCLUSIONS FROM COVERAGE
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SCHEDULES
EXCEPTIONS FROM COVERAGE
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PART 1
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EXHIF31T A
tCCNTiwJ,m�
ANIERICAN LAND TITLE ASSOCIATION LOAN POLICY 10.17-92)
vlli*rH A.L.T.AL. ENDORSEMENT -FORA M 1 COVERAGE AND
ANIER:�;AN LAND TITLE ASSOCIATION !.F_ASEkJCLD LOAN POLICY Ill 0. 17.92)
WITH A.L.T.A. ENDORSEMENT-FORNI I COVERAGE
SCHEDULE OF EXCLVSICNS FRCBA COVERAGE
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lm-, trW n b*"d Iw;
.il IVIA *14CWX.I.r•l "A.0troj Inn IrAw,,IoI Of Tr...ww-c
'A 11:(Arstm: 17
if. I "011.1.0n .1 9.
d- . -4-OW0 $,^-Vd 3tw.A: w
tw 11. "XI.AmIcIr, or..IIXQ It. w-III,et nl It— horn r1Af Op: I.. p..w_.,i -It. ho- tr. f.*wo
I. f.1`41 1K0`0 th. Ot f-w",
W to IMO.Vt :Xg" IQ a
AMERICAN LAND TITLE ASS3CIATION OWNER'S POLICY (10-17.92) AND
AMERICAN LAND TITLE ASSOCIATION LEASEHOLD OWNER'S POLICY 110-17.92)
SCHEDULE OF EXCLUSIONS FROM COVERAGE
10.dA I-' Ill' 1"I'ItYJ. o' ::a. PMEV w'd If. CZrVpa"V 'd "iI'
01.9-v , III" III ..wr�w yvtvcj, - by - am
iw b-.6.4 v'I .q hl,)Tmd to !"Or 4 AfNd zorem low"A.
01,16bo...4 w
It 4r, C INI, -1 1 r:t.A'jv -.I UA Qen•w M 004 TP-014 cl M-Y oft:;.i 01
PICKw,nlQr Ql IINIII r.Mlrft 0: J" C' '.M.."
of lM.
Iwt I.oiot- . .&..Q*d
ti- !I- P,bh^ 1r . Ilm. of
P. ..Cvm TO rA ts, m* tr-4 . rr>t.C* .1 IM
W<umorer.P. I," .
.,e" P :Iva &I policy
hm IN . to ctdedll' lewwok lvmlox
"ATI13le-4 tfO.`l 0,)VMXIr "IV (Atlrvj ~,IN ?%*0QCW:Nppj Zfud to DlRq .1 ?N,�
0. fl- of . .,acamw tx rr> ~.hwt km-4-d"
m.. r,imrio -1.n 4. ot o,,'- -eras
-1- v t.: r,. I-*--lw"Qd lzmm*r0(:
(b' -01 * Ic it- (:Wowlv, ACA #.COfled m I.- 0.14-C ""L nI I .." ' - '. ' ' v ! ". '' :,
veto danum and w o.do .4d In v" ro Tr,I 5v !t.
it.. ,-wm moi-o kimr.4 an Irllxrt l.d'tr10rt'W.
1; 1 1Ar4 A MMAK m TO img.•% (•w%.ve
ii: MxIJ" or vkd f.,vw&zjwd I* U.N,,; or VaII,.Y,
jI-I .11 0>- Or 0-4q. I~h ..�e.All 1.1 1-
_,gt. - ,NIimJ"4 by
Aly uArin w..ft als" wl V trA obrawt4o, ~'m r, tt,q, q-,(
!N0 ;K*cy. b, 1.0-1 Of tINq, 9L.W.V.- of ,W,.
I'NII '16MInt ItO .44-IN & INQl= -wd by r, w, 3.
of rlmuau*ML 741-0w: Of
Inl it. tf44,7Io,, *.v IN INVft. . Intw.at _":..j %.y tr.c
t1m)IOI, mr-Pi %vtw4 The lx*fw4wwld
;a) 10 m"v fftm(3 It* Inorkmant or t: and". ,1m
tbl 69 such tocor-jr-on to WONT I. III oweolw_ I- v &..
rry Go.* k -A Vo6cy %,ynis rW b. to atfod 4-t- -AAN104 C-14a, c- CxI.A64d Cavwmv. III *C*. to znb
Cwamo- * %txdxd t;Qvw^o^:k*ct ww Om ir_y,.46 tr-6 IQmkI,--Q
c3lwardi Em"VbcIo!
SCHEDULE 19
F-XCEPT*.ON.S FROM COVERAGE
d- 2: CRT ;0" or d*N,806 (Am " ;"epny "iN I-c II "NfohF_t wl;y by r.11eC. Yt
PART I
,-;,I .1.171r.9 'I'l-11 , 7� 'N 14rOIN 9, y!"6m Ir.al l._,fw;. I&IN'Nin, or . 'Imo.. "
;,,r 4nqv IN, a t:bL,, V.m, w, bow-imv 4w., If&a.
f "..14 -1 shown ON a ,6v ymgd 4.wj"a' err, -r.C:N x:. no: :rA Pltml t-J,.
1"; CCOXW.Ced n,.i-rq 3mrs; iW "dN,A%w.Nf 9,
'I" I. f .NINNVVN b, h. -BiK. J' t.,( _lw, ^dd r* _luj7s ttwwv, (c) was "21". mm. w tatoio i:a 4, -DI-0 •,,J-
) L �,.l - -),IK IN-— Sr. "104 N M 'rosX! I- x t^k v. -h.vrn by 1,,. mblIe -O,,e..
JAN' eli - "k-i . e: : j 1.1 'r 1, U 4 ; X. 1. x I- = i
EXHIBIT A
(CONTINUED)
fMERICAN LAND TITLE ASSOCIATION
H.ONIEOWNER'S POLICY OF TITLE INSURANCE
FOR A ONE-TO-FOUP. FAMILY RESIDENCE (10-17.98)
EXCLUSIONS
k, Y oi-. ,,Arr. auorr*v-' W.. oral -.P--
1 -Owe 90-T 0. IrliKu to rttY< a 011-&
Cx- es- - 4-L -1-11,tid4galtod 11 Co-od Ri-k 14. 1S, 16, 17 x 24.
A, Y.'--' AKI�4'7x -Y Pq Ow. 01 0600%. to 0<1 raWf%Kq,;d in aLCordanre ,itn
20• 7N, Exwron A� W j90y to vwAmboft 01 Wkiintj co0mad nmrw of (ro
'f_ A rn. pobt, DArw
:0 4r C., Lie" rt. :i%m4AMNreq it, i,i"ww
-4ti-I :%,svq !'- wlN ainlown v, Tho fAjbiiq Riieo,dA Pit thm Patcy Dal.; or
Wft- 11" Oulicle DZ- mrW is bir4ro a% yoii it Ydtr toiV tw rh*Lw4 ,truT
4 f:l-K1
11. '1-i- - matted, 340-.1. W iW..4.o b,; Y-, vtt-
b. ttv all, Kreomi (o Yix. tc :no "*Wly D-o,i, W -o.)r w. -1.1
ae o- F,-.A..y :)aicit.
i'm -If - no 6" to y m: 0,
Am 1,W POWW !r4q 41c.. bq :p
4 ef, ;12. 2J. is . ib.
to P.,y .— lor V"r rm..
to L x A m -AN
16 WW LN4 Q1Amd* ;he a" MP-A-9, 4r•el. .d .,d of.,M l, -,jraWi0i, A err
am
4116". a, -MWW&vs .NJ, 10"ch t.
.14 Law"
tr" E.,*~ qjPrt not li-f cNi ccv,,,lraQ. 4evs1'tA in `�W 11
RESIDENTIAL TITLE INSVRANCE POLICY
ONE -TO -FOUR FAMILY RESIDENCE
ENHANCED VERSION (19971
EXCLUSIONS
Id,311 " , 11n . .pw-.. .1. :vN41.1. F, ,o,' sq*(W :0,&, cW*, j0TCWn@y%' t".. wd oxpipt,-ii, fwuftm h
- : .- of rlolmlov, .1 K.l law W qa,,WmnmA fl!W4xW
1.4 .10 � and I-AAtig- 66 . ncWWQ-
,.,• jV0,, 11 -1-- C' tl`, (7w MOtMA iiersCh 00"49 1(, Itw PA�
^14: .M;T i,iiir,i 1,!c ud d, t4.va 14 of Go,twd Tell& N-Aw.
.Or" so"ag A tra 2umc 7066 � the pqbci bmil; W
I- =11-1 01- to t- P13" P-6 4M . WAna 0n vw d rDU Wght IrA Urid witioka
that att ..stod. 41LO-A, or &7..4 to by "ki:
v that 0- krio-,,t CO vat. out -s to -.m on !rr Phv., -j-
9,A -.0 in ry W,;.,
I 'Plrr f4c 3ifv1i,d Iffii lfit- ltiios PONCY 0'14« IN- do,i,,c ro� ki.,
9. 17 and 1A A ::ovmeilj Lrtii iJ.-az
4. kllw. 10 9" value f� Y sme
Lath 9 . I.AN. ja; to Wly floim aar d. 0. y.
Sell --Al;- A at (W m wvrrfg. Allives. M MM
iii1fthMan o0W ,91 6fti th. 1.- .0. d-,,b.4 a ham. s •x.e 1:1, of
a
h
a
t./
(1 �� 0 78
v v
� / Y •. « rf � M �O 1. V
04
A -WNW 4 =% jo AIRNM ou
A +..s aw��.q • w *ww.80 � t4s �INL
Z!E
o
q � Hol"It'l