Loading...
LLA 1992-166Zoning: Related Cases: Reviewed By: PIAV9WNING & DEVELOPMENT DEPARTT 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 APPLICATION FOR LOT LINE ADJUSTMENT OFFICE USE ONLY LLA No. Date: APPLICANT Name: Address: 'r�lr {�yF„ �iC�v�& �� j Daytime , (Mailing) V-7c- )��ya� \Cam 1', Phone: 5 C4-ti�J—� (City) (State) (ZiP0/ PROPERTY OWNERS Owner "A" Name: Address: t'IcAvrD, Phone: (City) (State) (Zip)A Owner "B" Name: (iCnV (;—, M \� Address: ` c. n -Iz LA. Q t,•_nia C . R 2-zs3 Phone: (City) (State) (Zip) Owner "C" Name: Address: Phone: (City) (State) (Zip) PROPERTY DATA Property A: Assessor's Parcel Number: Street Address (if any): Property B: Assessor's Parcel Number: Street Address (if any): Property C: Assessor's Parcel Number: Street Address (if any): 1 �y, 3 -1--o be, REASON FOR REQUEST: )cr rJ' 1 - e- -------------------- ------------------- I/We hereby certify that: 1) I am/We are the record owner(s) of all parcels proposed for merger by this Application; (2) I/We have knowledge of and consent to the filing of this Application; and, 3) The information submitted in connection with this Application is true and correct. Owner "A": i. V- 17 /?y Name Date owner "B": Name Date owner "C": Name Date Representative J al�_ Signature: Date 1 (Attach Letter(s) of Authorization) MR/FORMLLA.001 JUNE 1989 H E C I T Y 10 November 24, 1992 i •, {inta 1932 - 1192 T,, Paid) PecaJr Ms. Shari Sargent Santa Rosa Realty P. O. Box 1082 La Quinta, CA 92253 SUBJECT: LOT LINE ADJUSTMENT 92-166 FOR MADELINE SARGENT Dear Ms. Sargent: Attached is your recorded Grand Deed for Lot Line Adjustment 92-166 for property located on Avenida Navarro. This lot line adjustment has been recorded by the County and is now considered complete. Should you have any comments regarding this matter, please feel free to contact the undersigned. Very truly yours, JERRY HERMAN PLANNING & DEVELOPMENT DIRECTOR STAN B. SAWA Principal Planner SBS:bja City of La Quinta Post Office Box 1504 ♦ 78-105 Calle Estado La Quinta, California 92253 LTRSS.264 Phone (619) 564-2246, Fax (619) 564-5617 Design a PmeoGmn Mam Pa, 'mel o81191. 619346-0772 RECORDING REQUESTED BY AND WHEN ]RECORDED MLIL THIS AND LIKES& OTHERWISE SHOWN SELOW MAIL TAX STATEMENT TO: Nam* r /City of (aQuinta 9dross 78-105 Calle Estado rsss • II 'ps'uli L\ La Quinta, Ca. 92253 J V r 'NAmA 1 StrOOt ddress city A Slot* L TITLE ORDER MAIL TAX STATEMENTS TO K X0. 1 L g as o P QM TO q 8 11 $?ACE ABOVE THIS LINE FOR RECOADER'S USE GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX is $ _ U— ❑ computed on full value of property conveyed, or ❑ computed on full value less value of liens or encumbrances remaining at time of sale. ❑ unincorporated area ❑ city of LsaQ-,),\ ,AND FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Y`nGaelttl� R - So r�e�'c �� L^rrnctirr �ec� wornE� hereby GRANT(s) to ef o\ vmc,ro"s his so1� the following described real property in the County of State of California: the �ockh �ee� C� l C) \� b\oc1� a51 �� � o ��R � Cc>x Me_\ t �C) als �QC �Ve Co�r1��, Co�\ deed reec_-s V_oA 1 V\_Q o�v�1►�Qrz� 92- o�s ILA ) b10C-L 3,51 C urL� Q:3 off- ScAV-�-_ CCAMrn� CNN V U\ L-(ti ��'\ V-� Cis Cc) -� le_ r \000 47tus ))) STATE OF Oft I t!lPt 4 A }SS. COUNTY OF On this __� / � day of m the year---f-��, before me ne _Aersi ned, a Notar ub c in and fo said State, personally appeared agFrsonaily &own to me O proved to rre on the basis of satisfactory evidence to be the person whose name is subscribed to this instrument, and acknowl- edged to me trial he (she or they) executed it. V �?ADTARY PCcJC • State of Kanss - P:. i R;3IA DEGAN Slgnatur NOTARY PUBLIC IN AND FDA SAID $T (This An& to official nolartel uld) ft Q Q 398767 APPF ED BY PLANNING& DEVELOPMENT DEPARTMENT CY DUE a10 I d El WENT CASE NO. - LIU, mod+ -Ito& Q r4 30 1 3o A Gof Ltill6 �16/S�M ^° 92-166 H E C I T Y October 16, 1992 County Recorder County of Riverside P. O. Box 751 Riverside, CA 92502 o!• AL La Quinta 1082 - 1992 Ten Carat Decade SUBJECT: LOT LINE ADJUSTMENT 92-166 Dear Sir: Attached please find the Grant Deed for Lot Line Adjustment 92-166, with Exhibits. Recordation is requested by and for the City of La Quinta in accordance with Government Code Section 6103 to insure compliance with zoning requirements prior to any construction taking place. Please record and return the original document to this office so our records can be updated. Thank you for your assistance. Very truly yours, JERRY HERMAN PLANNING & DEVELOPMENT DIRECTOR STAN B. SAWA Principal Planner SBS:bja Attachments cc: Engineering Department Building & Safety Department City of La Quinta Post Office Box 1504 ♦ 78-105 Calle Estado La Quinta, California 92253 LTRSS.243 Phone (619) 564-2246, Fax (619) 564-5617 Design 8 P,oOucLon Ma,N Pal, 619 9<6 0772 RECORDING REQUESTED BY 111111® AND WHEN RECORDED NIIL THIS DEED AND UNLESS OTHERWISE SHOWN SELOW MAIL TAX STATEMENT TO: F Name City of La Quinta Street 78_105 Calle Estado Stress cltya La Quinta, Ca. 92253 State L J NAIL TAN STATEMENTS TO � �l t Name Street ddrpe City A St.,. L J TITLE ORDEN N0. ESCROW NO. SPACE ABOVE THIS LINE FOR RECORDER'S USE GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX is $ - `­— ❑ computed on full value of property conveyed, or ❑ computed on full value less value of liens or encumbrances remaining at time of sale. ❑ unincorporated area ❑ City of Lam_,;' rC1 _—,AND FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, MGaeV l �lE R - S��Ce'CA� C"Y-1 L�rwv�clr c oed t uorn E� hereby GRANT(S) to �C �V 1 c� �.�' \�1(\ D� �1C.r s (Cd (Y1CtC1 C\S b S S O the following described real property in the County of , State of California: b\oc1L a5\ CA CkA- ' p\A-e, V-D. o� 1 (2, �\'P_CCxciS ()\ CC,\k-�or\C-\i,(�A__ \,eed re 1ecb 1 �� o\_s T\-.e clbovp_ as �P_�A L>I 1-0A­ ILA) b1oc)L 35\ o4 o'v Gs O C) t r boG�_ ao �)G k� o�yraecl yjv6 C,}� o� rmerQrQ-d w M-) Q'3 5CA\AjZkCCAMU\ aS e -t-c . Dated� 1-1 471S STATE OF Bfrtl100.I"A SS. COUNTY OF�g On this _ day of in the year J, before me*theuldersi ned,allotarvrub c mand fo saidState, personallyappeared�gBrsonwn to me I] proved to rre on the basis of satisfactory evidence to be the person whose name is subscribed to this instrument, and acknowl- edged to me that he (she or they) executed it. 92- � L. AOTAIIY PeKIC - SWE Of Yanss -D�E�GH.N/� sign �ANO �O.a? �HOTARYUSLICSAID ST rrhe are, Ia official ""anal seal) i J e Grp ,it -LA Quly APPROGED BY PLANNING & DEVELOPMENT DEPARTMENT BY c—'� a n.I DATE D I d EXHIBIT �- CASE NO. .4?, r N w E .5 Gaf 4NV6✓L(rjT/s'l�rt/fMe 92-165 H E C 1 T Y October 16, 1992 Ms. Madeline Sargeant c/o Sheri Sargeant P. O. Box 1082 La Quinta, CA 92253 •sion Ia e �yinta 19A2La - I99? Ten Carat Decade SUBJECT: LOT LINE ADJUSTMENT 92-166 Dear Ms. Sargeant: This is to inform you that your lot line adjustment has been approved by the Planning and Development Department. Attached are copies of the approved exhibits and deeds which we have sent to the County Recorder's Office for recordation. PLEASE NOT NO ACTION IS REQUIRED FROM YOU AT THIS TIME. We will mail you the deeds once they are recorded and returned to us. Should you have any questions regarding this matter, please contact the undersigned. Very truly yours, JERRY HERMAN PLANNING & DEVELOPMENT DIRECTOR ``s� a) 4 4aoAm STAN B. SAWA Principal Planner SBS:bja Attachments City of La Quinta Post Office Box 1504 ♦ 75-105 Calle Estado La Quinta, California 92253 LTRSS.242 Phone (619) 564-2246, Fax (619) 564-5617 Design& Producvon Mart Pa'mer Design6199460772 MAILING ADDRESS: P.O. BOX 25019 • SANTA ANA, CALIFORNIA 92799-5019 • (714) 835-1500 September 29, 1992 Madeline A. Sargent P.O. Box 1082 La Quinta, CA. 92253 Re: Loan Number 381289 Dear Ms. Sargent: In regard to your letter received September 22, 1992, this letter is to advise you that California Mortgage Service has no interest in Lot 13. Since you paid cash for that portion of property (Lot 13) to a private lender, you can do what ever you wish to do with that Lot. California Mortgage Service only has interest in Lot 12. I have enclosed a copy of the Deed of Trust and a copy of the Title Policy for your records. If you have any further questions regarding this matter, please do not hesitate to contact the undersigned. Sincerely, CALIFORNIA MORTGAGE SERVICE fJanci Jimene�� Payoff Manag, cc: file encl. r� 0 RECORDING N REQUESTED BY: $ Stewart Title Co. ---------------- g J Uj C}t W F (� AFTER RECORDING MAIL TO: py a 0 � Madeline A. Sargent w \ _ _ P.O. Box 1082 LaQuinta, Ca. 92253 ------------ ---- -- — — ABOVE SPACE FOR RECORDER'S USE ---- !con—No: R-7979 FULL RECONVEYANCE STEWART TI'rLE COMPANY OF RIVERSIDE COUNTY, a California corporation, as Trustee under Deed of Trust, _June 27_ .... ._.. 19. '89, made by _. ---._......__. MADELINE A. SARGENT, an unmarried woman Truaor: atnl let ordrd as In,truit, nl No. 235197 _ on July-14. ___--...... 19_89_..., in Book _. _1989 - pap,._ 235197 of Ofit i;d Retold, in Ilse ollice of the County Recorder of Riverside l.tunty. (.alilurnia. Lots 12 and 13 in Block 251 of Unit 23 of Santa Carmelita at: Vale La Quinta, as shown by Map on file in Book 20, page 25 of Maps, Records of Riverside County, California. having received trout holder of the ohligations thereunder a written request to reconvey, reciting that all SLIMS Secured by said Deed of 1 ILIA hove beCll lolly paid, and Said Deed of 'trust and the note or notes secured thereby (hiving been surrendered to said Trustee for cancellation, does hereby RECONVEY with- out warranty, to the persons legally entitled thereto, the estate now held by it thereunder. IN WITNESS WHEREOF, STEFVART TITLE COMPANY OF RIVERSIDE COUNTY, as Trustee, has caused its corporate name and seal to be hereto affixed by its Vice President, thereunto duly authorized. Dated .....July 17, 1991_ STEWART TI"rLL COMPANY OF RIVERSIDE COUNTY aS'I'rustcc STATE OF CALIFORNIA ✓, J COUNTY OF B_v............. ��iz.1 /............. .Riverside ............................. JER1j�S, ice President On ........... ............. July ...17.,_1.9.91..............._..... ... ._hulo e file, dw undersigned, a Notary Public in and for said County and State. personally appeared........_........JERRY...PARKS.,....._................. .__........_....._._.................... ..... ..... ................ known to me to be the Vice President of the Corporation that execatad the within instrument, known to file to be the person who executed the within instrwnent on hchall of the Corporation therein named, and acknowledged to me that such Corporation e� led the within instnnnent pursuant to its by-laws or a resuh pion ohits Board of Directo N h-rNESS Jiro ha/d and otllcild sad. Sig nat REHE JONNSO NOTARY PUBLIC—CALIFORNIA PRINCIPAL OFFICE IN RIVERSIDE COUNTY p.nkes Feb. 26. 19 Name (Typed or Printna) 7'_-45 area for official notarial seal) COASTAL COUNTIES ESCROW 74-350 ALESSANDRO, SUITE A-2 PAIM DESERT, CALIFORNIA 92260 (619) 340-2592 SALE ESCROW INSTRUCTIONS To: COASTAL COUNTIES ESCROW DATE: June 23, 1992 ESCROW NO: 4995-J Kash through esr.row...... $ 25,500.00 ESCROW OFFICER: Jackie Feldman PROPERTY ADDRFSS: Vacant Land !Total Consideration...... $ 25,500.00 La Quinta, CA 92253 and will deliver to you any instruments executed by me that are called for below, and any additional funds to enable you to comply with these instructions: all of which together will equal the total consideration herein of $25,500.00, which you shall deliver when you can obtain a Grant Deed to the hereinafter described property and a C.L.T.A. Standard Form Policy of Title Insurance with liability equal to t:he total consideration herein, on the following described real property in the State of California, County of Riverside, being: Lot 14 of block 251, Santa Carmelita at Vale La Quinta, Unit No. 23, as per map recorded in book 20, page 25 of maps in the office of the County Recorder of said County. Showing title vested in: David Ross Miller, a married man as his sole and separate property (Escrow Holder is instnucted to prepare and record a Grant Deed to reflect the above vesting). SUBJECT ONLY TO: A) All of the installment(s) of General and Special Country Taxes, assessments of any governmental body, including district levies, payments of which are included and collected therein, for current fiscal year, not delinquent:, including taxes for the ensuing year, a lien not payable. e) Covenants, conditions, restrictions, easements, rights of way and the exception and reservation of any oil, gas, water and hydrocarbon substances, on or under said land, now of record and/or reserved in deer] to file, if any, affecting the use and occupancy of said land. C) Bonds and assessments are to he paid current by seller and assmumed by buyer, if any. INSTRUCTIONS: SELLER(s) agree to hand escrow holder a duly executed 1099/1096 Information Authorization for the report_ of Real Estate Transaction in accordance with Internal Revenue Code Section 6045(e). BUYER and SELLER are aware the closing of this escrow may be delayed until such time as SELLER has complied with the 1987 Tax Reform Act as set forth herein. BUYER to approve or disapprove the Preliminary Title Report prior to close of. escrow. Buyer and seller are aware that the property will be reassessed upon change of ownership. A supplemental tax bill will be received which may reflect an .increase or decrease in taxes based on the property value. If there is an impound for taxes with a lender, the amount of the periodic impound payment may change. PRORATTONS AND ARR1SIMENTS to he made on the basis of a 30 day month on the items below as of close of. escrow: TAXES, current installment, on the basis of the latest available tax statement. (If amount is unavailable for current year, based upon 2nd half of latest fiscal year.) The foregoing terns, covenants and conditions, as well as the ESCROW TNSTRUCTIONS attached hereto, which are i.ncorporated herein, have been read, accepted and approved by me. Deliver title i.nsuranre policy to insured. instruct County recorder to mail deed to me. Start search of title at once. I pay buyer's escrow fee, recording deed and new loan instruments, i.f any, lender's transfer or new loan fee, if any, first year's hazard insurance premium, if any, Trustee's service fees, if any. � 4 . Fla David Ross Miller I have read, accept and do hereby approve the foregoing terns, covenants and conditions, and the ESCROW TNSTRUCTTONS attached hereto, which are incorporates] E herein. On or before 08/24/92 I will hand you the deed called for above which you shall deliver, when you can obtain the policy of title insurance called for and hold for my account the sum of $25,500.00. Pay all encumbrances of record necessary to place title in condition called for. I will hand you any funds and instruments required for such purpose. Deliver policy of title insurance to insured. Start search of title at once, which I pay, regardless of consumation of this escrow. I Fay for policy of title insurance, Seller's escrow fee, reconveying of encumbrances of record, if any, drawing deed. William R. R Page 2 of 2 Pages ®ESCROW INSTRUCTIONS You are hereby jointly and severally retained by both and each of us, solelyas an escrow holder, to perform for our mutual and individual benefit, the following exclusive escrow services: (A) SALE OR TRANSFER: On Page No.I hereof isa statement of the terms,covenants and conditions of the within contemplated sale.The same by reference thereto is made a part hereof. You are not to be interested therein or controlled thereby, except as to tire receipt of monies or documents therein indicated to be delivered to you, and the eventual exchange or return of the same as hereinafter provided. Close of Escrow shall be deemed the date of recordation of deed or conveyance required by the sale or transfer hereof. (B) ADJUSTMENTS: You shall adjust the following upon a thirty day month basis: (1) Taxes for the current year, based on tax amounts disclosed on last available tax bill; (2) Premiums on fire insurance policies as (landed you; (3) Interest on loans of record, based on a statement from the lender; (4) Debit buyer and credit seller with amount of impounded funds as disclosed by said s(alcmenl; (5) Rents, based on statement from seller, subject to Buyers approval prior to the close of escrow. You shall assume that Seller will collect all rents which fall due prior to close of escrow; In the handling, transfer orassignment of any of lire aforegoing matters orsubjects, to the degree and in the manner that you shall act therein, you shall act as the agent and attorney -in -fact, you being hereby appointed and designated as such, of the party anticipated or required to so act. In so doing, you may assume that such documents and policies are in force and effect, all premiums and like charges have been paid, and that none of the same has been hypothecated, in whole or in part. (C) AUTHORIZATIONS: You are authorized, empowered and directed, as follows: (1) All funds received herein may be deposited with olhcr escrow funds in your escrow trust account with any bank or depository authorized by the Federal or Slate Government, and maybe translerred to n(her such trust accounts from time to time, as may be proper in yourdiscrelion. Such trust accounts and the funds respectively deposited ineach of the same shall constitute one general escrow trust fund. All disbursements shall be made by agents of your escrow company; (2) Deposit any funds or documents rcceiverl by you herein, jointly or severally, as you deem necessary for the per rposes hereof, with any bank, title insurance company, savings and loan association, bust company, industrial loan company, credit union, admitted insurer or licensed escrow agent, any such deposit shall be deemed in accordance herewith; (3) Draw,complete, fill in and arra nge for execution or acknowledgment of any document, instrument orwriting hereinconlcmplated or requisite hereunder, including but not limited ill terms of conveyances, encumbrances and the like, and make a reasonable charge to the person con- templalcd herein who caused the same to be made, executed and delivered, including any of the aforesaid acts or such acknowledgment; (4) Record any documents delivered inloorthrough thiscscrow,if necessary or proper, in compliance herewith, paying therefore all fees thereby required and placing thereon all internal revenue stamps requisite thereto, such fees and costs of stamps to be an expenditure hereunder authorized; (5) Destroy or otherwise dispose of any oral]documents, instruments or writings received by you herein and accounting ordisbursement records pertaining hereto at the expiration Of five years Iron and after the inillal dale hereof, regardless of any subsequent novalions thereto or the dale of close of escrow, without liability or further notice to ally of the parties here((); (6) []Pon thecomp]iance with the provisions hercofand there appearing to you. in your discretion, no reason for not sodoing, you may close the within escrow and conclude the same, in which event, you may retain, on your own behalf, your charges, costsand fees, and charge the same in your accounting against the person liable therefore or who assumes the same, pursuant to paragraph (E) (4); (7) Assert, claim and levy a lien, and you are hereby given such Ilea by each party hereto, upon all the rights,titles, lulerestsand equities ofeach respective party hereto, In all escrowed documents, instruments, Writings, papers, Property or monies deposited herein, or coming into your possession hereunder, to protect, indemnify and reimburse you hereunder, or pursuant to any provision thereof. (D) RESPONSIBILITY EXCLUDED: You shall not, in any manner or theory, be responsible for or liable upon the following: (1) The sufficiency,correctness, genuineness or validity ofanydocumenl, instrumemor writing deposited with you heremorwilh reference to the form, contents or execution thereof, or the identity, authority or rights of persons executing or depositing any of the same; (2) To ascertain the terms, covenants or conditions of any document, instrument or writing deposited with you or to examie into, require or comply in any respect therewith; (3) Liability foranyloss that may occur by reason of forgeries, false representations or the exercise of your discretion in any particular manner or for any reason except gross neglect or wilful misconduct; (4) For any act, duty, requirement or obligation not expressly required of you hereunder or specifically slated herein; (5) To notify any person, including but not limited to the parties hereto, of any sale, resale, loan, exchange or other transaction involved herein as to property or rights that are the subject hereof or incidental thereto, orally Profit, increase or advantage of any person, firm orcorporation, including but not limited to anybroker oragent of any party hereto in connection therewith, regardless of the fact that such transactions may be directly or indirectly handled by you in connection with the within escrow or any other escrow, or come to your knowledge, in any form whatsoever; (6) Forthe payment, examination as toamounl, propriety or validity ofany tax, including but not limited to personal property, corporate, business or license tax of any description, assessed against, chargeable or payable by either of the parties hereto; (7) For amendments, supplements, novations, omissions or eliminations hereof or hereto, not in writing signed by all parties hereto and possession thereof not actually delivered physically to you; (8) Forany termination, conclusion orcancelling of the within escrow. unless full and complete compliance be had to your satisfaction with the provisions of paragraph (E) (2); (9) For any liability predicated upon any relationship other than that of anescrow holder, it being specifically irrevocablyand conclusively under- stood, agreed and deemed that no other legal relationship is hereby created or shall be hereby implied, assumed or come into being. Your liability as an escrow holder shall be limited as herein otherwise provided. (E) GENERAL PROVISIONS: (1) With reference to the escrow herein, the within instructions and the documents thereto annexed, supercede any other contract, agreement or understanding of the parties, such escrow holder to be disinterested (herein or controlled thereby; f2) If the within escrow is not in condition to close by the date first mentioned in Buyer's Instructions on Page I hereof, either party hereto may (hereafter, either personally serve, or mad by registered or terrified io til, postage fully prepaid in the other party, at tile address designated for such partyon Page I hereof, pursuant it) paragraph (A) hereof, a notice of election to terminate the within escrow, upon proof thereof to your satisfaction and without responsibility or liability as to the sufficiency of such notice upon the elapse of five (5) days after persona] service or scven(7)days after actual mailingas aforesaid; you are authorized to terminate the within escrow, in the manner hereinafter provided At your election, you may apportion the charges, costsand fees orthisescrow between its as you deem each of its is liable under the provisions hereof or any assumption made hereunder. 'I flat your decision in such regard, and the amount thereof shall be binding and conclusive as to each of us, who shall forthwith pay you such respective amount. You are under no obligation to cancel the within escrow until you are paid in full hereunder. (3) Should you before,oraf(erclose of escrow receive, or become aware, of any confliclingdemands or claims with respect to lhisescrow or the rights of a ny of (Ire parties hereto, or any (honey or property deposited herein or alfecled Hereby, you shall have the right to discontinue any or all further acts on your part until such conflict Is resolved to your satisfaction. You shall have the further riUhl to commence or defend any action or proceedings for the determination of such conflict. The parties hereto jointly and severally agree to pay all costs, damages,judgmenls and expenses, including reasonable attorney( lees,suffered orincurred by you in connection with, orarisingoul of lhisescrow, including, but without limiting the generality of the foregoing, a suit in interpleader brought by you. In (he event you file a suit in mterpleader, you shall ipso facto be fully released and discharged from all obligations fmthcr to perform a.,yand all duties or obligations imposed upon you in this escrow; (4) You play reguireany partyhcreto. asa condition precedent to yuurconcluding orclosing the within escrow, lodcliMil therein the amount you deem requisite to Pay any costs or charges of such escrow, err tee err Ices lit which you arc entitled lawn such party or parties, or to hold you harmless from and against all costs, da ma ges, j udgme nts, attorney's fees, expenses, obligalinnsanJ liabilities which you feel or believe you may incur or sustain in connection will', orarising out Of the within escrow, or any clain) or litigation thereon, or pertaining thereto, or to any deposit therein, in whole or in part. You may also require of the party or parties hereto, liable or responsible therefrom and therefor, that there be deposited with you, as aforesaid, funds and monies you deem requisite to pay all encumbrances or other claims, demands or assessments of record, necessary to place Idle to the subject hereof. in lire condition called for under the provisions of paragraph (A) hereof. In the event the same be not done in full, yoo are not under any requirement to further proceed in the ithin escrow, or the concluding or closing thereof, unless the other party hereto, in writing, assumes the Same orcan deposit the balance thereof, and if required by you, makca deposit thereon; (5) Time is of the essence hereof; (6) Each party hereto acknowledges receipt of a copy hereof; (7) The within may be executed in counterparts, each such copy being an original thereof; (8) When necessary to the context hereof orlhe contents hereof, the singtdarshall include the Plural, orconlra, and the gender used, shall include the proper gender; (9) The provision hereof shall bind each party hereto and his respective heirs, administrators, executors, assigns, trustees, guardians, conserva- tors, receivers and successors in interest; (10) The precedingsub-paragraph shall beapplicable loanycorporation that isu party hereto, to the maximum degrcecontemplated hereunder. It shall he conclusively deemed that any execution of a corporation hereof or hereunder Was itrade upon due. full, legal and complete authority therefor by the governing body of such corporation, bosh as to the subject matter and the patties signing on behalf of such corporation. ADDENDUM TO ESCROW INSTRUCTIONS Effective January 1, 1990, AB 512 enacts a new Section 12413.1 to the State of California Insurance Code that regulates Real Estate Escrow disbursements by Title Insurance Companies, controlled escrows and underwritten Title Companies. The Bill requires that checks be deposited by the Title Companies prior to escrow disbursements. Buyer/Borrower and/or Seller are advised that the manner in which lenders funds are disbursed to the Title Company will determine the actual closing date of escrow. Lenders funds disbursed by WIRE TRANSFER, CASHIER'S CHECK, OR TELLER'S CHECK will have next day availability. Lender's funds disbursed by out-of-state checks (or in the case of Mortgage Brokers or Mortgage Bankers, by corporate check) may require up to seven (7) days for availability. It is the responsibility of the Buyer/Borrower and/or Seller to ascertain the method by which funds will be disbursed and their availability for use by the Title Company. Buyer/Borrower may be liable for interest from the date of funding regardless of the instrument used by the lender for disbursement. Funds must be received by the Title Company and actually deposited into their trust fund account on the day prior to recording. Therefore, an afternoon funding could cause a delay in closing. A special recording is not possible unless the funds are wire transferred. Escrow holder will authorize recording only when the Title Company is in a position to disburse funds immediately after recording. In the event of a delay caused by the lender's manner of funding, no additional instructions will be required from Buyer/Borrower/Seller regarding the actual day of recording and disbursement. Escrow holder is hereby authorized to proceed with the close of escrow and disbursement of funds in the manner required as set forth herein above. Funds disbursed by the Title Company to escrow holder will be either by wire transfer, certified check, cashier's check, or Teller's check. Parties understand that escrow holder cannot issue checks until clear funds are received from the Title Company, which may result in disbursement by escrow holder the day following recordation. Should the Title Company need funds from escrow holder, escrow holder is required to have cleared funds on deposit to issue a trust account check (which funds will have to be cleared by the Title Company) or wire transfer to the Title Company. This means that closing funds should be deposited in escrow more than two business days prior to close of escrow. All deposits to close escrow must be made by WIRE TRANSFER or CASHIERS CHECK by Buyer/Borrower and if necessary, by Seller. Initial Initial Initial Initial ® SKETCH ADDENDl1M 0 Borrower/Client SARGFNT _ Property Address 53960 AVFNIDA NAVARRO l—O 2— _ City I A QUINTA County RIV RSID State CCALIFORNIA zip Code 92253 Lender 28 UTILITY BATH CLOSET 22.5 KITCHEN BEDROOM DINING AREA 6 �— BATH C L n 15 LIVING ROOM , BEDROOM 6 6 STORFGE 6 17 C I A R 19.5 i P �- 0 R L T ^17 RESIDENCE: ENTRY 4.5 5 4.5 12 43.5 43.50 X 34.00 = 1479.00 SQUARE FEET LESS: 22.50 X 6.00 =-135.00 " 5.00 X 4.50 = - 22.50 " TOTAL = 1322.00 SQUARE FEET (ROUNDED) CARPORT: 19.50 X 17.00 332.00 SQUARE FEET (ROUNDED) FW-73A HYG 89 c1930 Forms and Worms" Inc., 315 WhilneN Ave., New Haven, CT 06511 All Rights Reserved 1 (9001 243,4545 Item N1129U