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HomeMy WebLinkAbout0130 DO { . ~ ~ \\J 'i 790l}8836 'I ;'1} 11 I _I, P I I I ..; ,J "-,, " ; ',,: ~. Recorded at ___ Reception No ___._ ._o'clock___M., C'cuntv-of Jc:f:" _'}(e~-d.ii:te:r.Cf I"'~ RECORDER'S STAMP ,19 79, I-I THIS DEED, Madethis 31st day of May hetween JEFFERSON COUNTY SCHOOL DISTRICT NO. R-1 (successor in interest to and formerly known as District No.8), a quasi-municipal It" C'orpol'ution duly organlzf'd and pxi~tin~ under and by virtue of tht'" laws of the State of colorado (Jf t he first part, and the CITY OF .<HEAT RIDGE, a municipal School tt" corpuration duly ilrganized and ex\~t\ng under and bv virtue of the \aws of the state of Colorado oftlw secund part, whose legal address is 7500 \~est 29th Avenue, Wheat Ridge, Colorado. WIT",,"ESSETH. That the said party of the first part, for and in consideratiun ufthe sum of SIXTEEN THOUSAND FOUR AND NO/IOO ($16,004,OO)----------------------------DOLLARS t.n thp ::-aill partv of thl:.' nrst part in hand paid hv the sairl party of the second part, the receipt whereof is hereby confessed and a('knowlf'dg-ed, hath g-ranti.:..d, bargained, sold and conveyed, and by these presents does grant, bar~ain, selL ('OIH'{'Y and confirm, unto the said party of the second part, ib successors and assigns forever, all the following described lots or parcel s of land, situate, lving and being in the County of Jeff erson and State of Colorado, to-wit. West 1/2 of Lots 13 and 14, Block 1, COLUMBIA HEIGHTS, County of Jefferson, State of Colorado, Subject to easements, restrictions, reservations and rights of way of record or in place, also known as :,;trept and numher TO(;ETHER, with all and singular the hered)taments and appurtenances thereunto belonging, or in anvwise appertaining. and the reversion and reversions, remainder and remainders, rents. issues and profits there()f~ and all the estait., right, titlp interest, clairn and demand whatsoever of the said party of the first part, either in law or equit.y, nf.ll) and to Uw allove hargaine{~ premises, with the hereditaments and appurtenances, TO HA VE A~n TO HOLIl the said premises ahove bargained and described, with the appurtenances unto the said party IJfthe s{'cond part, its successors and assigns fore\'er And the said Jefferson County School District No. R-1, part.).' of tilt' first part. for itself, its Sll('{'PSSOrs and assigns, doth covenant, grant, hargain and agree to and with the ~aid party of the spcond part, it s SlJ('{'e~~:WI'S and assigns, that at the time of the ensealing and delivery of these presPIlts it is well seized of t be premises abo\'p convpyed, as of good, sure, perfect, absolute and indefeasible estate of inheritaIlcP, in law. in fee simple, and hath flood right, full puwer and lawful authority to g-rant, hargain, sell and convev the sam"" in mannt':'l' and furm aforesaid. and that the same are free and clear from all former and other grants, barg'ains. scll{''s, lipll:" taxf-'~, assessments and incumbrances of whatever kind or nature soever; and the ab(Jve' hargained fl!'emisps in thl' quiet and peaceable possession of the said party of the second part, its SlH'('t'ssnl''s and assigns against all and every person or persons lawfully claiming or to claim the whole or any part thereof, tlw said party o[the fir,t part shall and will WARRANT AND FOREVER DEFEKD I;\; \\Tr~ESS "'THEREOF, The 'said part\' of the first part hath can sed its corporate name to be hereunto sU!J;-;t'I'iflf.d h\ it~ prt'sident, and its corporate seal to be hereunto affixed, attested by its secretary, the dav and ypar fir:-.t ahove wr\ttt'n. Attest CUUNTY SCHOOL DISTRICT NO, R-I ~(?~- -A ~_ I'rp"ident uti! Kirk P. Brady STATE OF ('OLORALJO, ~p('rptar\. Bv ."~_ ,____ ( ,\)unty of _ 'fh~efh,t.t-'gning' instrument w ackno'\vledg-ed before me this 1979 ,b~,~wlith F, Carstens KU,k P. Brady 31st day of May, as President and Secretary of as i , ~,. ,t.he Jefferson County School District No. R-l, a quasi-municipal ""corporation. M'\ notarIal L'llmnllSSlOTI expIres /'--}?~~ G IJ?/ /tj 3' 0 \Vltness my hand and ~eal. ~ _ ~~ - - - . al" f'ubhC' .. .~, . i I, ' ~.. >. ,\ppROV~D AS 1'0 fV!lM I .\No 'CONtfNT ~tdL~~-.- ~\~~~ ,i) (oipnratlOntolnrporatlon-l: l\n~ Bradlurcll'uj,ll~hlnK ('0 . 1~.if) Stout :-Street, LJenver,l.olorado (fi7:l ;)1)11) ~8.1!; t=l1!Fr Transamenca illl Title Insurance Services --nmsarnedca Y,rle Insur~nce Compa',y r I City of Wheat Ridge 7500 W. 29th Ave. Wheat Ridge, Co. 80228 Attn: Charles Owens .J We ore pleased to have the opportunity to be of service. Enclosed is "- - 0.;. r ! "--f ' , ; i, ' ~j .-'\-. L" (~-4!': < --.f :Le_x, . ~ l." '-! I Form No 72! Policy of Title Insurance Issued by Transamerica Title Insurance Company SUBJECT TO THE SCHEDULE OF EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CON- TAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, TRANSAMERICA TITLE INSURANCE COMPANY, a California corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, a~ainst loss or dama~e, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may hecome ohli~ated to pay hereunder, sustained or incurred hy the insured hy reason of: I Title to the estate or interest described in Schedule A being vested 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 Cnmarketahility of such title. In Witness Whereof, Transamerica Title Insurance Company has caused this policy to he signed and sealed hy its duly authorized officers as of Date of Policy shown in Schedule A, Transamerica Title Insurance Company By ~~''7 p~ --- President By Secretary DIVISION OF INSURANCE DEPARTMENT OF REGULATORY AGENCIES 106 STATE OFFICE BUILDING. 201 E COLFAX AVE DENVER. COLORADO 80203 STATE OF COLORADO RICHARD l: r,uVH',"OR J RICHARD BARNES C- L U C('",,,,,~Stc'''E'1 May 1, 1977 ROBERT L BROWN Dear Real Estate Purchaser Following this letter you will find a brief explanation of your title insurance commitment and pol icy. Title insurance companies are regulated by this Division, as are other types of insurance companies. This Division makes certain that com- panies issuing title insurance commitments and title insurance policies are financially sound, and that they operate in accordance with statutes and regulations. We also have a great interest in making certain that you, as the consumer, understand the purpose of title insurance and that you understand your rights under your insurance policy. In the event you are dissatisfied with responses given to your ques- tions or problems by your title insurance company, you are encouraged to send your questions concerning title insurance or any complaints that you may have against your title insurer to this office We are on hand to make certain that all your rights and remedies, both under your pol ICY and under law, are avai lable to you at all times. Sincerely, .~~ ~~ BARNES, C,L,U. Commissioner of Insurance JRB:b\ As a purchaser of a home or other real estate you may receive a Commitment for Title Insurance and a Policy of Title Insurance, Both of these documents, like many others in connection with your purchase, are contracts creating legal rights which you should read careiuliy and which you may Wish to have examined and explained by a lawyer or other adviser. While the following description of these documents cannot change the precise terms of these documents, It IS hoped that this will help you to understand their purpose and effect and answer some of your questions about them QUESTION: "WHAT IS TITLE INSURANCE?" ANSWER' BaSically, It IS a contract with the title Insurance company in which the company agrees to defend and indemnify you against losses which you may suffer because of unreported defects in the title to your property as of the date ot the contract. It is not casualty Insurance and, therefore does not protect you against acts of theft or damage to your home by fire, storm and the like Essentially, the insurance Insures that you have title to the property subject only to certain exceptions and exclusions listed in the Policy of Title Insurance Title Insurance recognizes the possibility of loss, but transfers the risk of loss from you as property owner to the company issuing fhe pOlicy For this reason title Insurance companies are required to maintain reserves to cover losses If you are finanCing your purchase your lender will ordinarily require that you obtain a separate Lender s Policy to Insure that your property wiH ill fact selve as security for Its loan. QUESTION. "WHAT DOES THE PREMIUM PAY FOR?" ANSWER. The one t\me nO!"l-recurnny premium pays for several things. \t helps to pay for the cost oi collecting, maintaining, searching and examining real estatp. records and certain other publiC records which relate to your property so that the title insurance company can dp.1ertT\Ine the msurabi\ity of your title t=Of example the t;(1;le insurance company will determine whether "the Dubhe 'Beords show "that your seller really uwns the property what mortgages or liens 18 recorded legal claim I may exist, whether there me restrictive covenants on your CONTINUED ON REVERSE FORM NO, C-5000-t FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY-FORM B- 1970 (AMENDED 10~17-70) SCHEDULE A Amount of Insurance .'$ 16,004.00 Policy No. 5209909 Date of Policy June 4, 1979 4:14 P.M. Sheet 1 of .....3- 1. Name of Insured: CITY OF WHEAT RIDGE, a municipal corporation 2. The estate or interest in the land described herein and which is covered by this policy is: IN FEE SIMPLE 3. The estate or interest referred to herein is at Date of Policy vested in: . CITY OF WHEAT RIDGE, a municipal corporation FORM NO C-6000-2 FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION LOAN POLICY 1970 (AMENDED 10-17-70) FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER'S POLlCY-FORM B-1970 (AMENDED 10-17-70) S C H E D U LEA-Continued The lanu referreu to in this policy is situated in the State of Colorado, Counly of Jefferson , and is described as follows: West ~ of Lots 13 and 14, Block 1, COLUMBIA -HEIGHTS s FORM NO C-6000.3 FOR USE WliH COLORADO REGION AMERICAN LAND TITU: ASSOCIATION LOAN POLICY 1970 (AMENDEO 'O.t7~7C) FOR USE WITH COLORADO REGION AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY-FORM 8-1970 (AMENDED 10.17-70) Sf:UEDCLE B This Pol;ry does not in""" a~ainst loss or dan1a~e by rrasun of the followin/!: 1. Rights or claims of parties in possession not shown by the public records. 2. Easenlent~, or clainl:"\ of ("as(-'nH'nts~ not ~hown hy the puhlic rf"~onls. 3. Discrepancies, conflirls in ].oundary lines, shortap:f" in area, encroachments, and any facts which a cor- rect survey an,l insp('rlion of lhe premi,,'s wo"l,1 disclo,.. and which are not shown by the puLlic r..conk 4, Any lien, or ri~htto a lien, for services, laLor, or material heretofore or hereafter furnished, imposed by law and not shown by the public re"ords, S. Tax"s due and payahl..: and any tax, ;;p"dal ass"ssments, char~e or lien impose,1 for water or Sl'wer service, or for any other special taxing district. 6. All existing ditches, utilities, pipe lines, and rights of way and easements therefor. 7. Restrictions, which do not contain a forfeiture or reverter clause, but omitting restrictions, if any, based on race, color, religion, or national origin, as contained in deed from School District No. B of the County of Jefferson, State of Colorado to Columbia Gardens Association, a Non-Profit Colorado Corporation, recorded May 3, 1949 in Book 632 at Page 227, which provide as follows: A. The Columbia Gardens Association shall in no manner for a period of fifteen years from the date hereof, alienate, sell or dispose of said property to any person, firm, association or corporation other than to party of the first part. B. The property shall never be used in any manner other than for general community interest and welfare. C. School District No.8, after the lapse of said fifteen year period, shall always during the lifetime of any of the now living Directors of the District and twenty-one years and nine months thereafter have the first option and right to purchase the said property from the Association, if the said Association after such fifteen year period elects to sell or dispose of the same, for the highest and best bonafide price offered therefor, or for the sum of Two Thousand Five Hundred Dollars ($2,500.00), whichever amount is the smaller.