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HomeMy WebLinkAbout665054 Statutory Warranty Deed THE GRANTOR s, FRED S. SCHONE}A~ and MARGARET SCttON~AN, his wife~ for and in consideration of FIFTEEN HUNDRED DOLLARS *'*** in hand paid, conveys and warrants to CITY OF BREMERTON the fo]lowing described real estate~ situated in the County of IfJ_tsap , State of Washington: The North 20 feet of Lot 1s Block 1~ Brewster's 2nd Addition to Decatur. _x ... ~., D~ited,~ 5th day of July ,19 57 " ' %' ~' ~ ' ~---~;--~--~(SEAL) STATE OF WASHINGTON, ~ss. County of Ki%sap ~ this day personally appeared before me ~ed S. Sehonem~ ~d ~rgare% Sehoneman, his to me kno~ to be the individual S de~ribed in and who ex~uted the wi~in and foregoing instrument, and ac~owledg~ that %hey signed the ~me as ~ %.haS~ free and voluntary act and d~d, for the uses and pumoses therein mentioned. ~ GIVEN u?der my hand and official seal this Q ~%h 4ayof ~ , ,19 ~- MARGARET McPHERSON, Kitsap Coun~ Auditor ~ ~ residing at Fbrm P 3 mlr SEATTLE AMOVJI~IT $1500.00 PREMIUM $32.50 POLLO"/' No, J-32411 For value, WASHINGTON TITLE INSURANCE COMPANY, hereinafter called the company, a corporation incorporated under the laws of the State of Washington and duly authorized by the State Insurance Commissioner to insure titles, does hereby insure, subject to the annexed conditions, hereby made a part of this policy, CITY OF BREMERTON, a municipal corporation, heirs and devisees (if a corporation, its successors) hereinafter called the insured, against loss or damage not exceeding FIFTEEN HUNDRED ................. Dollars, which the insured may sustain by reason of any defect in the insured's title to all the estate or interest in the premises specified and described in Schedule A, hereto annexed and hereby made a part of this policy, or by reason of liens or encumbrances charging the same, at the date of this policy, save and except this policy does not insure against loss or damage by reason of any estate or interest, defect, lien, encumbrance or objection noted in annexed Schedule B, which is a part hereof. Any loss under this policy is to be established in the manner provided in said conditions and shall be paid upon compliance by the insured with and as prescribed in said conditions, and not otherwise. IN WITNESS WHEREOF, WASHINGTON TITLE INSURANCE COMPANY has caused these presents to be authen- ticated by the facsimile signature of its President, and its corporate name and seal to be hereunto affixed; but this policy is not valid unless attested by the Secretary or an Assistant Secretary. Dated this 30th day of July, 1957 , at eight o'clock A. M. Attest: Assistant Secretary Form P 16 OWNERS OR MORTGAGEES Pox~cv 1~Io. J-32411 1. The estate or interest of the insured covered by this policy. Fee simple estate. 2. De<riptionofthepro~r~ with ~s~cttowhichthis ~licyisissu~. The north 20 feet of lot 1, block 1, Brewster's Second Addition to the Town of Decatur, according to plat recorded in volume 2 of Plats, page 75, in Kitsap County, Washington. Page 2 of Policy No. J-32411 Form P 98 1. NOTICE OF DEFECT, SUIT OR ACTION: The Company shall-have the right to, and will, at its own cost, defend the insured in all suits, actions or proceedings founded upon a claim of title, encumbrance or defect which existed or is claimed to have existed prior in date to this policy and not excepted herein; reserving, however, the option at any time of settling the claim or paying the policy in full. In case any such suit, action or proceeding shall be instituted it shall be the duty of the insured at once to give notice thereof in writing to the company at its Home Office, and, if the insured is a party to such suit, action or proceeding, to secure to the company, within ten days after service of the first process upon the insured, the right to defend such suit, action or proceeding in the name of the insured so far as necessary to protect the insured, and to render all reasonable assis- tance in such defense. If such notice shall not be given, or the right to defend secured, as above provided, then all liability of the company with regard to the subject matter of such suit, action or proceeding shall cease and be determined; provided, however, that failure to give such notice shall in no case prejudice the insured if the insured shall not have any knowledge of such suit, action or proceeding. 2. CLAIM OF LOSS; PAYMENT OF LOSS: In the event of final judicial determination by a court of competent juris- diction, under which the insured is dispossessed or deprived of the premises covered hereby or the estate or interest insured is impaired by reason of any adverse interest, lien or encumbrance not excepted herein, or, if this policy covers a mortgagee's interest, and such final judicial determination shall defeat or impair the mortgagor's title to all or any part of said premises or establish the priority to the mortgage of a lien or encumbrance not excepted in this policy, claim may be made hereunder, provided the conditions have been complied with in all respects. A statement in writing of any loss or damage, for which it is claimed the company is liable under this policy, shall be furnished to the company within sixty days after such loss or damage shall have been ascertained. No right of action shall accrue under this policy until thirty days after such statement shall have been furnished and no recovery shall be had under this policy unless an action shall have been commenced thereon within one year after the expiration of said thirty days. 3. LIMIT OF LIABILITY; SUBROGATION: The Company may at any time pay this policy in full, whereupon all liability of the company shall terminate. The total liability under this policy, exclusive of costs (the costs not including in any case fees of counsel or attorneys employed by the insured), shall in no case exceed the face of the policy, and every payment by the company shall reduce the policy by the amount paid. When the company shall have paid a loss under this policy it shall be subrogated to all rights and remedies which the insured may have against any person or property with respect to such claim, or would have if this policy had not been issued, and the insured shall forthwith transfer all such rights to the company accord- ingly. If the payment made by the company does not cover the loss of the insured, such subrogation shall be proportionate. In case this policy covers a mortgagee's interest only, the company may pay the insured the entire mortgage indebtedness, with interest at the rate specified in the mortgage, and thereupon the insured shall assign and transfer to the company the mortgage and the indebtedness secured thereby, together with all instruments evidencing or securing the same, or shall convey to the com- pany any estate lawfully vested in the insured by virtue of acquisition of said premises, and all liability of the company shall thereupon terminate. Demand for payment must be accompanied by production of the policy for endorsement of such pay- ment. If the policy be not so produced, indemnity satisfactory to the company must be furnished. 4. REFUSAL TO PURCHASE ESTATE: The Company shall not be liable for any loss or damage resulting from the refusal of any party to enter into, or carry out, any contract respecting the estate or interest insured. 5. LIABILITY UNDER MORTGAGEE'S POLICY: If this policy covers a mortgagee's interest only and any insured acquires said premises, or any part thereof, by foreclosure, or in other legal manner, in satisfaction of said indebtedness, or any part thereof, or under FHA insurance contract, this policy shall continue in force in favor of such insured, and each successor in interest in ownership, subject to all of the conditions hereof applicable to an owner of land. 6. ASSIGNMENT OF POLICY: The obligations of the Company under this policy shall extend to the Insured above named; to anyone to whom this policy may be assigned in writing endorsed hereon; to the executors, administrators, heirs and devises of the Insured; and to any assignee of any mortgage which may be insured by this policy. The "Insured," when hereto- fore mentioned, refers to each party separately to whom the Company is, at the time referred to, obligated under the terms of this policy. RELEASE ,OF MORTGAGE Know all men by these presence: That all that certain lot, piece and parcel of land situate, lying and being in the County of Xi~sap, State of Washington amd described as follows: The north 20 feet of lot 1, block 1, Brewster's Second Addition to the Town of Decatur, according to plat recorded in volume 2 of Plats, page 75 in Kitsap County, State of Waa~i~on, is hereby released from the lieu of that certain mortgage made by FRED S. SCHONEMAN and MARGARET SCHONEMAN, to Seattle Federal Savings & Loan Association, a corporation, dated January 13, 1955 and recorded in the office of the CoUnty Auditor in the County of Kitsap, State of Washington, under auditors file no. 609&91 on the l&th day of January, 1955. IN WITNESS WHEREOF, dated this 25th day of July, 1957. SEATTLE FEDERAL SAVINGS & LOAN ASSOCIATION. " : sS (Corpo~a%e Acknowled~men%) OF KIN . ) On this 25t.hday of July, 1957, before me personally . C ' appeared Bruce S Harris and lz£ton Olson ~o me known to be the President and Secretary of the corporation that executed the within and foregoing instru- ment and acknowledged said instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that he was so authorized to execute said instrument and that theseai affixed is the corporate seal of said corporation. . WITNESS WHEREOF I have hereunto set my hand and official seal the day and year firs~ above ~it~e~. Washington, residing at Se e in said county. 1957 Seattle Fe4e~al Sm~ and Lean Assn. ~ttle 1, ~h. Att~n~ ~l~ton Olson, S~~ ~t~n~ Re~ F~ S. ~ter~s 2~ ~d. to t~ ~ of ~losed ia ~ ~~for ~,~.~ ~ eo~tion ~th the City's ~t~ ~i~ ~le~e of ~~. Ve~ t~ y~, 0. C. Yeadon Deputy City Clerk Enc. 1 CITY OF BREMERTON ~'ASHINdTON LEGAL DEPART~ July 22, 1957 Seattle Federal Savings & Loan Assn. 121& Third Avenue Seattle, Washington Re: Real estate r~ort~;age of Fred S. and M~rgaret Schoneman Gentlemen: As you 9robabiy have been advised, the Schonemanl have agreed to sell to the City of Bre,-r, erton, the fotlo~~s~ .~ibed real estate: The no~h 2L~ fee~ of ].o~~k !~ ~ws~er's Second Addition to ~4~T~a of~Deca~ur,~accor- The title search by ~e ~~w~ha~ ~Li$ proper~y is subject to a ~rt.~e ~d b~ y~. -%'~ ~a~ been fu~her advised %~ you ~r~ v~~~J;_ the ~ d~$~ribed proper~y fro~ ~he ,ooo.oo The C~ty t~iiof~th~City o~Bremer~on h~s authorized ~e Ii' you exec~ the e~losed release of mortgage, and send, it to . the Clerk of~the C~ of Breme~on at the ~ity H~ll, he will ~hen in turn send ~he City warrant in %he sum of $1,OOO.OO. If you ha~e any questions on this matter, y :~ ~ay call me at my of f ieee The ~hone number is ESsex ~'533~. Ve~ t~ly yours, ROY A. City Attorney encl-2 CC. E.H.T.~cGowan, City Clerk RUCE S. HARRIS Z. O. LnREMAN CLIFTON OLSON 1214 THIRD AVENUE NORTHERN LIFE TOWER BE:ATTLE '1, WAS HINQTOhl -c~ EN ECA 5445 July 2~, 19~7 City of Bremerton Bremerton, Washington Attention: City Clerk Gentlemen: Re: Fred S. Schoneman N a0' of Lot 1~ Block 1, Brewster's Second Addition to the Town of Decatur At the request of the Bremerton City Attorney, we are en- closin~ an executed partial release of mortgage which you may record when you have forwarded to us your warrant in the s~.~ of ~1,000.00. It is our understanding that Mr. Schoneman has already ~iven you instructions and authority to deliver these funds to us. If these instructions cat, not be complied with within 1~ days, the partial release is to be returned to the u~der- s igne d. Very truly yours, Clif~n~~/ Secretary CO:bis Enc. CHARTI='REE) AND SUPERVISED BYAN INSTI:~IIMFNTALITY OF' THE UNITED STATES GOVERNMENT :~UCE S. HARRI~ Z. n. LOREMAN CLIFTON DLSON 1214 THIRD AVENUE NORTHERN LIFE TOWER SEATTLE 1, WAC: H I N (3TO N -c:[ EN ECA 5445 July 12, 1957 City of Bremerton General Claim Department Waterworks Betterment Fund Bremerton, Washington Gentlemen: Re: Our Loan 6946 We enclose your claim form in connection with the account of Fred S. Schoneman and wife on portion of Lot l, Block l, Brewster's Second Addition to the Town of Decatur. Will you please forward us your check for the account of Mr. and Mrs. Schoneman in the amount of i~l,000.00 at your early convenience. Very truly yours, Secretary C0:bjs Eno. CHARTERED AND SUPERVISED BY AN INSTRUMENTALITY OF' THE UNITED STATES GOVERNMENT