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HomeMy WebLinkAboutProperty - Acceptance of Streets - 904 07 FRI Rockridge, Rooney Wash Property Acquisition F. ANN RODRI GUE Z, RECORDER DOCKET: 13130 RECORDED BY: CML PACT 128 vof I"4 NO. ' PAGES: 4 �N DEPUTY ,CORDER 4, 1951 ES4 � r a '' � SEQUENCE: 20071690031 TFNTI w141� � ` z 08/30/2007 TOWN OF ORO VALLEY 4 WTDEED 10:17 1100 W LA CANADA DR 1142014 ORO VALLEY AZ 85737 MAIL AMOUNT PAID $ 10.00 JL v v cz -icy, cesbcd 2-1,4 _..)43 SPECIAL WARRANTY DEED -A -3 4 For good and valuable consideration, the receipt of which is hereby acknowledged, FRI Rock Ridge, LLC, an Arizona limited liability company ("Grantor"), does hereby convey to the Town of Oro Valley, a political subdivision of the State of Arizona ("Grantee"), and its successors and assigns forever, all of Grantor's right, title and interest in and to that certain real property located in Pima County, State of Arizona, which is legally described in Exhibit A attached hereto and made a part hereof, subject to: taxes, assessments, reservations in patents, easements, rights of way, encumbrances, liens, covenants, conditions and restrictions as may appear of record; any and all conditions, easements, encroachments, rights of way or restrictions which a physicaLinspection,sical- inspection, or accurate ALTA survey of the property would reveal; and any applicable zoning and use regulations of any municipality county, state or federal government or agency affecting the property. Grantor hereby warrants the title to the property against all acts of Grantor and no others, subject to the matters set forth above. DATED: Augus5i , 2007 GRANTOR: FRI ROCK RIDGE, LLC., an Arizona limited liability company By: FARNAM REALTY, INC., an Arizona corporation, Manager �� Charles B. Duff, President 1 / av'4r 4 dui' s iiw+u. r•M,a. '':Ut 1' Special Warranty Deed(347092)/8968-013 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California I County of ' i y -. iti-fittx,- 1).,05----4C-) On ., --'4'% ill i, c) ‘ t -�r ..:Z Z_c c�' before me, L _' C L' r r ame and TRIe M Officer'(e.g.,"Jane Doi,Not ry Public")ate �° ("' t� g � b °, I- ,4 ri personally appearedcot_ of Signer(s) ❑ personally known to me or proved to me on the basis of satisfactory evidence) •...... 4. SANDRA SALKOW - = ., , Commission # 1728321 to be the person(s)whose name )is/are subscribed to the � � Z -7.,-15, Notary Pudic -California > within instrument and acknowledged to me that ' Los Angeles County r.: r,t., , Fomes IVar28,20i i- _ he/she/theyexecuted the same in his/her/their authorized - __ -_--- - — --�----. ---------------------- capacity,ee3;and that by ier/their signatures) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. j „,,,,. z: a i Place Notary Seal Above4:'k.� Signature Signature of Notary Public OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attachedrpocument , i-) 1 .. --) / .. '``~ _ .. ,r'1X J Ci- L14..32 Title or Type of Document: __ Document Date: Number of Pages: Signer(s) Other Than Named Above: .� A ;h Capacity ies) Claimed by Signer(s) Signer's .me: Signer's Na e: ❑ Individ .1 ❑ Individual =u;k; ❑ Corporate Officer—Title(s): ❑ Corporate • icer—Title(s): 4 — Limited ❑ General El Partner—❑ ►'mited E General RIGHTTHUMBPRINT ❑ Partner 0 RIGHT THUMBPRINT inFa t OF SIGNER ❑ Attorney in Fact .OF SIGNER r El Attorney Top of thumb here Top of thumb here ❑ Trustee ❑Trustee ,; ❑ Guardian or Cons- vator ❑ Guardian or Conse vator 14 ❑ Other: ❑ Other: 1" Signer Is Representing: Signer Is Representing: ,qq,C/4j y'•.!--�.—_a -, a/"y s.ig',_�..! m,,_":"�C! -,:_y_..- ria—5._'.4 5.".\S', •�g1" 4,1' a"iV.P.V.,S. S•+W-"'.�. .a.4_1' .'C/4�''r/4�/yl`:'s/4►\S%4�' .'%5'•.',...S"'°' ©2006 National Notary Association•=350 De Soto Ave.,P.O.Box 2402•Chatsworth,CA 91313-2402 tern No.5907 v609 Reorder:Cat Toll-Free 1-800-876-6827 ► l EXHIBIT A TO SPECIAL WARRANTY DEED Legal Description A parcel of land, being a drainage easement, lying in the Southeast one-quarter of Section 12, and the Northeast one-quarter of Section 13, Township 12 South, Range 13 East, Gila and Salt River Base and Meridian, Pima County, Arizona, being a part of CANCHA DEL GOLF Subdivision as recorded in Book 14 at page 28 of Maps and Plats in the Pima County Recorder's Office, more particularly described as follows: Beginning at the Southeastern most corner of the Desert Green at Oro Valley subdivision, per Book 47 of Maps and Plats, page 9, as recorded in the office of the Pima County Recorder, said corner being on the North right of way of Greenock; Thence North 27'17'00" East, along the Eastern line of said Desert Green at Oro Valley subdivision, a distance of 68.94 feet; Thence Northerly along said Eastern line, along the arc of a 779.51 foot racius curve,to the left, through a central angle of 38°50'12",whose radius point bears North 62°43'00"West, a distance of 528.37 feet to the Northeast corner of said Desert Green at Oro Valley; Thence South 77°23'35"West, a distance of 7.73 feet; Thence North 12°02'03" West along the common line between the Cancha Del Golf Subdivision, as recorded in Book 40 of Maps and Plats, on page 39, and the Oro Valley Estates Subdivision as recorded in Book 13 of Maps and Plats on page 60, a distance of 263.80 feet; Thence North 00°08'35"West, a distance of 231.02 feet; Thence Southeasterly 3.64 feet along the arc of a 1055.45 foot radius curve, to the right, through a central angle of 00°11'52",whose radius point bears South 66°35'08"West; Thence South 23°13'00" East, a distance of 224.84 feet; Thence continuing South 23°13'00" East, a distance of 154.49 feet; Thence Southeasterly 588.35 feet along the arc of a 1167.23 foot radius curve, to the left, through a central angle of 28°52'32",whose radius point bears North 66°47'00"East; Thence South 67°13'13"West, a distance of 88.66 feet; 114 wl:p Thence Northwesterly 362.23 feet along the arc of a 1 245.23 foot radius curve, to the right, through a central angle of 16°40'02",whose radius point bears North 40°01'00" East; 4 Thence Westerly 41.97 feet along the arc of a 16.00 foot curve,to the left,through a central angle of 150°18'18",whose radius point bears South 56°08'34"West; nY Thence Southerly 1 58.00 feet along the arc of a 857.51 foot radius curve, to the right, k through a central angle of 10°37'02",whose radius point bears South 86°1E'14"West; Thence Southerly 451.28 feet along the arc of a 615.81 foot radius curve, to the left,through a central angle of 41 °59'15",whose radius point bears South 83°06'44" East; 3 Special Warranty Deed(347092)/8968-013 Thence North 62'56'17"West, a distance of 70.40 feet; Thence South 41 °46'17"East, a distance of 111.40 feet,to a point on the West right of way of the Tucson-Florence Highway/Oracle Roac; Thence Southwesterly 70.58 feet along the arc of a 3969.72 foot radius curve, to the left, through a central angle of 01 °01'07",whose radius point bears South 63 c30'25" East; Thence Westerly 49.20 feet along the arc of a 25.00 foot radius curve, to the right, through a central angle of 112°45'15",whose radius point bears North 64°31'32"West, to a point on the North right of way line of Greenock Drive; Thence North 41 °46'17"West, a distance of 215.13 feet; Thence Northwesterly 119.03 feet along the arc of a 330.00 foot radius curve, to the left, through a central angle of 20°39'59",whose radius point bears South 47'53'17"West, to the POINT OF BEGINNING. �i,a dj+'! ra Irs:�l f:n7i i;a• 4 Special Warranty Deed(347092)/8968-013 de -{ 1 tN IR- �_.-10 A.. ._s T ,, OCT 1 7 P.17 October 12,2007 Mr.Scott Nelson Planning and Zoning Town of Oro Valley 11000 N.La Canada Drive Oro Valley,AZ 85737 • Re: Rooney Wash:Form 8283 Dear Scott: To complete the tax paperwork for the Rooney Wash transaction, we will need the Donee (Town of Oro Valley)to sign a form 8283 which will become part of our 2007 tax return. Attached is an original form 8283 already signed by Andria Burke, the appraiser.. I would appreciate it if you could obtain the appropriate signature for the Town of Oro Valley and also supply your EIN number in the appropriate space. If you have any questions,please call me. Thanks again for all your help in this matter. Elden E.von Lehe End. • 7150 E . CAMELBACK RD , SUITE 444 SCOTTSDALE , ARIZONA 85251 480 - 477 - 8040 r f Form 8283(Rev. 12-2006) Pac,e 5 Name(s)shown on your income tax return Identifying number FRI ROCK RIDGE, LLC (A SMLLC OF FARNAM REALTY, INC. ) 86-0773975 Section B. Donated Property Over$5,000(Except Certain Publicly Traded Securities)—List in this section only items(or groups of similar items)for which you claimed a deduction of more than$5,000 per item or group(except contributions of certain publicly traded securities reported in Section A).An appraisal is generally required for property listed in Section B(see instructions). SdLa'.L Igin.p dv&q rq G rgdvhg Surshug]U To be completed by the taxpayer and/or the appraiser. 7 Check the box that describes the type of property donated: El Equipment El Art'(contribution of$20,000 or more) Li Qualified Conservation ContributionP ❑ Art' contribution of less than$20,000) E Other Real Estate ❑ Securities El Collectibles" ❑ Intellectual Property ❑ Other 'Art includes paintings.sculptures.watercolors,prints.drawings.ceramics.antiques.decorative arts.textiles.carpets.silver,rare manuscripts.histor!cal memorabilia.and other similar objects. —Collectibles include coins.stamps.books.gems.jewelry.sports memorabilia. dolls.etc..but not art as defined above. Q rvhl In certain cases,you must attach a qualified appraisal of the property. See instructions. 5 (a)Descr ption of donated property(if you need (b)If tangible property was donated.give a brief summary of the overall I (c)Appraised fair more space,attach a separate statement) physical condition of the property at the time of the gift market value A 4 . 74 ACRES IVACANT LAND 340, 000 B C D See instructions (d)Date acquired (e)How acquired (f)Donor's cost or (g)For bargain sales,enter , (h)Amount claimed as a (i)Average trading price by donor{rano..yr.) by donor adjusted basis amount received deduction of securities 10/15/03 PURCHASE 340, 000 13 C ' r D ! _ - Part Ii Taxpayer(Donor)Statement—List each item included in Part I above that the appraisal identifies as having a value of$504 or less. See instructions. I declare that the following item(s)included in Part i above has to the best of my knowledge and belief an appraised value of not more than $500 (per item). Enter identifying letter from Part I and describe the specific item. See instructions. ► Signature of taxpayer(donor) ► Date ► Sdu'J1t, Ghfariu3wirq riD ssu3lvhu I declare that I am not the donor,the donee,a party to the transaction in which the donor acqured the property,employed by,or related to any of the foregoing persons,or married to any person who is related to any of the foregoing persons.And,if regularly used by the donor.donee,or party to the transaction,I performed the matority of my appraisals during my tax year for other persons. i that of ran� ua'irications as described in the Also,I declare that I hold myself out to the public as an appraiser or perform appraisals on a regular basis;and that because s y q appraisal,I am qualified to make appraisals of the type of property being valued.I certify that the appraisal fees were not based on a percentage of the appraised property value.Furthermore,I understand that a false or fraudulent overstatement of the property value as described in the qualified appraisal or this Four 8253 may subject me to EI thatgross valuation misstatement penalty under section 6 01(a)(aiding and abetting the understatement of tax iability). In addition, understand a substantial or resulting from the appraisal of the value of the property that I know,or reasonably should know,would be used in connection with a return or claim for refund,may subject me to the penalty under section 95A.I affirm that I have not arced from presenting evidence or testimony by the Office of Professional Responsibility. Vljq / .� f , K h Signature 0. ,,� Title 0. o SN r Date ► / 6) — 5 _()7 Business address(incl- .-•room or suite no.) I Identifying number 110 SOUTH CHURCH, SUITE 8300 134-2048638 City or town.state,and ZiP code TUCSON, AZ 85701 SduwLtr G rghh D fnqrz dhgj p hgtU To be completed by the charitable organization. This charitable organization acknowledges that it is aualified organization under section-170(c)and that it received the donated property as described i in Section B,Part I.above on the following date I. I/28/U7 Furthermore,this organization affirms that in the event it sells,exchanges,or otherwise disposes of the property described in Section B,Part I(or any portion thereof)within 3 years after the date of receipt,it will file I rup ;5;5/Donee Information Return,with the IRS and give the donor a copy of that form.This acknowledgment does not represent agreement with the claimed fair market value. Does the organization intend to use the property for an unrelated use? IP. E Yes E No Name of charitable organization(donee) Employer identification number TOWN OF ORO VALLEY ,1X 8 G - 0Z1,56 3q. Address(number.street.and room or suite no.) City om town,state.and ZIP code ORO VALLEY, AZ Auth ;zed s gnatlke Titles nate/ i ve /2 .,,•1 *, IL/fl/1 . ll1� O „.. r, Form 83 (Rev. 12-2000) VWI SN[Y433315 r 3 Title Fidelit National INSURANCE COMPANY F N T C cC — 7750 E. Broadway, #A-200 • Tucson, AZ 85710 September 25, 2007 Town of Oro Valley 1 100 W La Canada Dr Oro Valley, AZ 85737 Order No.: 45000260-JB- We appreciate the opportunity of being of service to you. Fidelity National Title Agency � 4 Title Insurance CompanyFidelity National J TM Policy Number: 27-031-06- 59907 OWNER'S POLICY OF TITLE INSURANCE Issued by Fidelity National Title Insurance Company Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B,AND THE CONDITIONS,FIDELITY NATIONAL TITLE INSURANCE COMPANY,a California corpora- tionP (the"Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created,executed,witnessed,sealed, acknowledged,notarized, or deliv- ered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed,recorded,or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term"encroachment"includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing im- provements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy,use, or enjoyment of the Land; (b) the character,dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. FORM 27-031-06 ALTA Owner's Policy(6-17-06) (90-LI-9)/cailod s,JauMO vZ'iv 90-1 EO-LZ YAI2IO3 annuals pazuoginy :pau2IsniunoJ (,) icJ110.100S 1/yrr 4uapisazd ZSMZY 9 G, 1V3S/41/13 s Auld woo eauaansu j awl jl jauollN Ai j jap jd • •s.TaoJJo pazuog1nu /Culp 1! paps puu pau2is aq of/Coilod sigI pasnuo suq ANWI^IO313NV1I11SNI TULL All'I3QId`'ORII1HM SS1INIIIM NI •suompuo3 aui ui papinoJd 1ua1xa otp 01 /quo inq`/CoHod sTu� g�suiOu ainsui.I0w1uu1uu Jo asuajop ui pauouT sasuadxa puu `saoj 4sAauTou `slsoou /Cud oIHm /Cuuduuoj a a •V oinpauos ui umous su Otia sIsan 1ug1 spJ000N oilgnd aui ui Jalsuu4 Io 1uoturulsui slap JO poop aua Io 21111210mi auk o� Joiud puu Roilod Io olu j o1 1uanbasgns sp.000j oTlgnd aua ui papooal .Io palm uaaq suq .Io pagouThu Jo paluaio uooq suq Imp 6 q no.ui I s)Ism palanoJ ui papnIoui Jamul Jam Jo al1a aqI uo aouu.Tqumoua JO uail JO ui Ioalap icuV •0I •JoIipalo uail JO Iuau 2pnf u 01 JO anlun Jou JasuuoJnd u aouaastxa si!Io aoi1ou puha!o1 (Ii) JO`i 0W!1 oq o1 (i) smooa) oilgnd auk ui 2uipJooal sl!Io aznliul au1 Io UOSUOJ Smul s114 J 4sJolIpalo IftUIs JO `AouanlosuI alums `Xo1dn.Dluuq IU.zapal Japun JOJsuuJI IUIIuaJalald u saInIIIsuoo V alnpauos ui umous su aIIII 2upsan JOJsuUJI Io 1uaturulsui 0141 asnuoaq (q) JO :smut s1q u 4 sJol!pa to JuITuJIs JO `iouanlosui alums`Xo1dnDifuuq IUJapal Japun JOJsuu4 Iupuoiojaid so 1ualnpnu.zl u polnipsuoo JojsuUJI Joud 1uu1 asnuoaq v oinpauos ui umous su alli,L 2upsan uo!IousuuJI a41 o1 JoJJd 2uu zn000 pun aq1 ui Isamu! 1cuu JO 01 Opp 01.11 JO IJud cuu JO HU JO JOJSUUJI U JO`cpau of anputuaIIU uu 2uipinoJd_Tomo lJnoo u UIOJJ JO`Izud uI JO aloum ui aouupionu aq1 Io IInsa.T u su (u) anpoalap 2uiaq JO V oinpauos uI palms su uuuI Jam pa1san 2uiaq x1111, •6 •apalmoux lnoulim anlun Jol JasuuoJnd u Io slg2u au1 uo 2uipuiq si puu pa.un000 suq 1U141 cpoq IuIuauzu.Tano2 u Aq 2uDlu1 cuy •g •sp.mooli olignd au1 ui pap.zooa r si`puuTI 0141 Io vud Juu 2uiquosop`asio.Taxa auk Io aopou u II uiutuop 1uauiuza Io sig2u auk Io asio.Taxa an •L •aoi1ou 1uu1 ui o1 pauala.J 1uaulao.Iolua au1 Io Iua1xa au1 01 /quo Inq `spooa) oilgnd 0141 ui papJooa i Si 'purl aq1 Io IJud Iuu 2uiquosap `uoi1ou Iuotuao.zolua 0141 JO aoiIou u II c Ns!N poioAoJ/Cq pa.Tanoo lou JOMOd aoilod IMUOW'UJOA02 U Io asiOJaxa 0141 uo pasuq uopou Iuatuao.mlua uV •9 , ALTA Owner's Policy (6/17/06) Standard Coverage SCHEDULE A Name and Address of Title Insurance Company: Fidelity National Title Insurance Company, 7750 E. Broadway, #A200, Tucson, AZ 85710 File No.: 45000260-JB- Policy No.: 27-031-06 59907 Address Reference: , Tucson, Arizona Amount of Insurance: $ 340,000.00 Premium : $ 1,272.70 Date of Policy: August 30, 2007 at 10:17 a.m. 1. Name of Insured: Town of Oro Valley, a political subdivision of the State of Arizona 2. The estate or interest in the Land that is insured by this policy is: A FEE 3. Title is vested in: Town of Oro Valley, a political subdivision of the State of Arizona 4. The Land referred to in this policy is described as follows: SEE EXHIBIT "ONE" ATTACHED HERETO AND MADE A PART HEREOF THIS POLICY VALID ONLY IF SCHEDULE B IS ATTACHED 1 o ' 0 • ti ALTA Owner's Policy (6/17/06) StandillIKS Coverage File No.: 45000260-JB- Policy No.: 27-031-06 59907 EXHIBIT "ONE" Ap arcel of land, being a drainage easement, lying in the Southeast one-quarter of Section 12, and the Northeast one-quarter of Section 13, Township 12 South, Range 13 East, Gila and Salt River Base and Meridian, Pima County, Arizona, being a part of CANCHA DEL GOLF Subdivision as recorded in Book 14 at9 a e 28 of Maps and Plats in the Pima County Recorder's Office, more particularly described as P follows: Beginning at the Southeastern most corner of the Desert Green at Oro Valley subdivision, per Book 47 9 9 of Maps and Plats, page 9, as recorded in the office of the Pima County Recorder, said corner being on the North right of way of Greenock; Thence North 27°17'00" East, along the Eastern line of said Desert Green at Oro Valley subdivision, a distance of 68.94 feet; Thence Northerly along said Eastern line, along the arc of a 779.51 foot radius curve, to the left, through a central angle of 38°50'12", whose radius point bears North 62°43'00" West, a distance of 528.37 feet to the Northeast corner of said Desert Green at Oro Valley; Thence South 77°23'35" West, a distance of 7.73 feet; Thence North 12°02'03" West along the common line between the Cancha Del Golf Subdivision, as recorded in Book 40 of Maps and Plats, on page 39, and the Oro Valley Estates Subdivision as recorded in Book 13 of Maps and Plats on page 60, a distance of 263.80 feet; Thence North 00°08'35" West, a distance of 231.02 feet; Thence Southeasterly 3.64 feet along the arc of a 1055.45 foot radius curve, to the right, through a central angle of 00°11'52", whose radius point bears South 66°35'08" West; Thence South 23°13'00" East, a distance of 224.84 feet; Thence continuing South 23°13'00" East, a distance of 154.49 feet; Thence Southeasterly 588.35 feet along the arc of a 1167.23 foot radius curve, to the left, through a central angle of 28°52'32", whose radius point bears North 66°47'00" East; Thence South 67°13'13" West, a distance of 88.66 feet; Thence Northwesterly 362.23 feet along the arc of a 1245.23 foot radius curve, to the right, through a central angle of 16°40'02", whose radius point bears North 40°01'00" East; Thence Westerly 41.97 feet along the arc of a 16.00 foot curve, to the left, through a central angle of 150°18'18", whose radius point bears South 56°08'34" West; Thence Southerly 158.90 feet along the arc of a 857.51 foot radius curve, to the right, through a central angle of 10°37'02", whose radius point bears South 86°16'14" West; Thence Southerly 451.28 feet along the arc of a 615.81 foot radius curve, to the left, through a central angle of 41°59'15", whose radius point bears South 83°06'44" East; Thence North 62°56'17" West, a distance of 70.40 feet; 2 0 0 ALTA Owner's Policy (6/17/06) Stanc._.J Coverage File No.: 45000260-JB- Policy No.: 27-031-06 59907 Thence South 41 °46'17" East, a distance of 111.40 feet, to a point on the West right of way of the Tucson-Florence Highway/Oracle Road; Thence Southwesterly 70.58 feet along the arc of a 3969.72 foot radius curve, to the left, through a central angle of 01 °01'07", whose radius point bears South 63°30'25" East; Thence Westerly 49.20 feet along the arc of a 25.00 foot radius curve, to the right, through a central angle of 112°45'15", whose radius point bears North 64°31'32" West, to a point on the North right of way line of Greenock Drive; Thence North 41 °46'17" West, a distance of 215.13 feet; Thence Northwesterly 119.03 feet along the arc of a 330.00 foot radius curve, to the left, through a central angle of 20°39'59", whose radius point bears South 47°55'17" West, to the POINT OF BEGINNING. 3 o • • ALTA Owner's Policy (6/17/06) Standa, Coverage File No.: 45000260-JB- Policy No.: 27-031-06 59907 SCHEDULE B EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: 9 1. Regulations, conditions and restrictions governing use of ground water pursuant to Arizona Revised Statutes 45-101 et. Seq. 2. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records (b) proceedings s by a public agency that may result in taxes or assessments, or notices of such proceedings,s, whether or not shown by the records of such agency or by the Public Records. Anyfacts, 3. rights, interests, or claims that are not shown by the Public Records but that could 9 be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 4. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 5 Anyencroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. 6. ( Unpatented Un atented mining claims (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 7. Property taxes, which are a lien not yet due and payable, including any personal property taxes and any assessments collected with taxes to be levied for the year 2007. 8. Reservations, exceptions and provisions contained in the patent from the State of Arizona, and in the acts authorizing the issuance thereof, recorded Book 229, Page 38 and 39, of Book of Deeds 9. Water rights, claims or title to water, whether or not disclosed by the public records. 10. Easements, restrictions, and matters shown on the recorded map of said subdivision. and dedications as set forth in plats recorded in Book 14 of Maps and Plats at page 28 and in Book 40 of Maps and Plats at page 39. 4 ALTA Owner's Policy (6/17/06) Stana—J Coverage File No.: 45000260-JB- Policy No.: 27-031-06 59907 11. Easement(s) for the purpose(s) shown below and rights incidental thereto as granted in a document. Granted to: Stonewall Electric Co Purpose: stated therein Recorded: Book 68, Page 291, of Miscellaneous Records Affects: 12. Easement(s) for the purpose(s) shown below and rights incidental thereto as granted in a document. Granted to: Stonewall Electric Co Purpose: stated therein Recorded: Book 69, Page 267, of Miscellaneous Records Affects: 13. Easement(s) for the purpose(s) shown below and rights incidental thereto as granted in a document. Granted to: Mountain States Telephone and Telegraph Co Purpose: stated therein Recorded: Docket 6904, Page 810 Affects: 14. Easement(s) for the purpose(s) shown below and rights incidental thereto as granted in a document. Purpose: sewer Recorded: Docket 7305, Page 737 Affects: 15. Terms and conditions of Access Easement recorded in Docket 7309 at page 645 and re-recorded in Docket 7390 at page 482. 16. Terms and conditions of Drainage Easement recorded in Docket 7309 at page 656. 17. Rights of way for existing sewer, gas, water or similar pipelines or for canals, laterals or ditches, or for electric, telephone and similar lines, if any, that were in existence prior to the abandonment of that portion of the subject property within abandoned alley as set forth in Docket 7335 at page 891. 18. Terms and conditions of Memorandum recorded in Docket 10247 at page 1478. 5 0 0 LTA Owner's Policy (6/17/06) Stanaa,d Coverage File No.:-45000260-JB- A 45000260-JB- Policy No.: 27-031-06 59907 19. Terms and conditions of Water Utility Easement recorded in Docket 10276 at page 1090. 20. Terms and conditions of Memorandum of Agreement regarding non-exclusive license recorded in Docket 10322 at page 1838. 6 0 0 (f----- R) Fri ry MI —< W CA) 0 Q ] L a n w < n 170.62' .v N00-07-08W (,,,) 2. r ,-] Ir 1' � \ 1--- r 6 n 0 , , , , cii ,:, , L'i.71 0,-, \ I-- /I p 0 , , t, L.,,,,,rw,,,,, , cl) I-T I Z 0 11 \1\ 0 d /' (7�0 Z1.\) cj \\ ' '\ s ' ; t rc;. '''', z *4 U Lji (7 1 N z \\\ \\ D de. w ~ rrr '—_, yg. rA 4 / '4 ":' '':\2' -.......i / ,—, .4 . ' ' (,) ,.,-, a .4\,, 1-1-1 tl 0 'V 9.3 ni r--- c,--.1\\ \ z›-f 0 (..--) ' PI 1 r,z -2----1 0 Vi 0 , b .,., 1 IN o `;�° rr tii I3' ��' rw ® [� Av I I o+ �. 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D D R) W i -1-- o O Cn 3• t7 rna -0 }}q I -XCLUSIONS FROM COVERAGE e of this policy,and the Company will not pay loss or damage,costs,attorneys'fees,or expenses that arise by reason ,he following matters are expressly excluded from the coverage P Y w f: 1. (a) Any law,ordinance,permit,or governmental regulation(including those relating to building and zoning)restricting,regulating,prohibiting, or relating to (i) the occupancy,use,or enjoyment of the Land; (ii) the character,dimensions,or location of any improvement erected on the Land; (iii) the subdivision of land;or (iv) environmental protection; or the effect of any violation of these laws ordinances,or governmental regulations. This Exclusion 1(a)does not modify or limit the coverage provided under , Covered Risk 5. governmentalpolice power. This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6. (b) Any 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects,liens,encumbrances,adverse claims,or other matters : (a) created,suffered,assumed,or agreed to by the Insured Claimant; (b) not Known to the Company,not recorded in the Public Records at Date of Policy,but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent uent to Date of Policy(however,this does not modify or limit the coverage provided under Covered Risk 9 and 10);or resultingin loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. ion vestingthe Title as shown in Schedule (e) Anyclaim,byreason of the operation of federal bankruptcy,state insolvency,or similar creditors'rights laws,that the transact 4. A,is (a) a fraudulent conveyance or fraudulent transfer;or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. P 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS Covered Risk 5(d),"Public Records"shall also include environmental pro- .DEFINITION OF TERMS The following terms when used in this policy mean: tection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. (a) "Amount of Insurance": The amount stated in Schedule A,as may be in- "Title": The estate or interest described in Schedule A. creased or decreased by endorsement to this policy,increased by Section (j) "Unmarketable Title":Title affected by an alleged or apparent matter that 8(b),or decreased by Sections 10 and 11 of these Conditions. (k) would ermit a rospective purchaser or lessee of the Title or lender on the (b) "Date of Policy": The date designated as"Date of Policy"in Schedule A. Title to be released from the obligation to purchase,lease,or lend if there is (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. a contractual condition requiring the delivery of marketable title. (d) "Insured": The Insured named in Schedule A. 2, CONTINUATION OF INSURANCE (i) The term"Insured"also includes operation successors to the Title of the Insured byo eration of law as dis- The coverage of this policy shall continue in force as of Date of Policy in favor of tinguished from purchase, includingheirs,devisees, survivors, an Insured,but only so long as the Insured retains an estate or interest in the Land,or personal representatives,or next of kin; holds an obligation secured by a purchase money Mortgage given by a purchaser from (B) successors to an Insured bydissolution,merger,consolidation, the Insured,or only so long as the Insured shall have liability by reason of warranties reorganization; in any transfer or conveyance of the Title. This policy shall not continue in force in distribution,or reor g , (C) successors to an Insured byits conversion to another kind of favor of any purchaser from the Insured of either(i)an estate or interest in the Land,or (ii)an obligation secured by a purchase money Mortgage given to the Insured. Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT on (1) if the stock,shares memberships,or other equity interests The Insured shall notify the Company promptly in writing(i)in case of any litigati rantee are wholl -owned by the named Insured, as set forth in Section 5(a)of these Conditions,(ii)in case Knowledge shall come to an of the g Y (2) if the grantee whollyowns the named Insured, Insured hereunder of any claim of title or interest that is adverse to the Title,as insure , e of (3) if the grantee is wholly-owned by an affiliated Entity of and that might cause loss or damage for which the Company may be liable by virtuf the the na P med Insured, rovided the affiliated Entity and the this policy, or(iii) if the Title, as insured, is rejected as Unmarketable Title. named Insured are both wholly-owned by the same person Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, or Entity,or the Company's liability to the Insured Claimant under the policy shall be reduced to (4) if the grantee is a trustee or beneficiary of a trust created the extent of the prejudice. by a written instrument established by the Insured named in Schedule A for estate planning purposes. 4. PROOF OF LOSS (ii) With regard to(A), (B), (C), (D) reserving,however, all rights In the event the Company is unable to determine the amount of loss or damage, the ), and and defenses as to anysuccessor that the Company would have had Company may,at its option,require as a condition of payment that the Insured Claimant against any predecessor Insured. furnish a signed proof of loss. The proof of loss must describe the defect, lien, (e) Insured Claimant": An Insured claimingloss or damage. encumbrance,or other matter insured against by this policy that constitutes the basis of (f) "Knowledge"or"Known": Actual knowledge,not constructive knowledge loss or damage and shall state,to the extent possible,the basis of calculating the amount or notice that may be imputed to an Insured by reason of the Public Records of the loss or damage. or any other records that impart constructive notice of matters affecting the 5. DEFENSE AND PROSECUTION OF ACTIONS Title. in Schedule A,and affixed improvements that (a) Upon written request by the Insured,and subject to the options contained in (g) "Land": The land described the Company, at its own cost and without bylaw constitute real property. The term"Land"does not include any prop- Section 7 of these Conditions, unreasonable delay,shall provide for the defense of an Insured in litigation erty beyond the lines of the area described in Schedule A,nor any right, title,interest,estate,or easement in abuttingstreets,roads,avenues,alleys, in which any third party asserts a claim covered by this policy adverse to but this does not modify or limit the extent that the Insured. This obligation is limited to only those stated causes of action lanes,ways,or waterways, from the Land is insured by this policy. alleging matters insured against by this policy. The Company shall have t e a right of access to and f (h) "Mortgage": Mortgage,deed of trust,trust deed,or other security instru- right to select counsel of its choice(subject to the right of the Insure to ment,including one evidenced by electronic means authorized by law. ob'Ject for reasonable cause)to represent the Insured as to those statedcauses ofaction. It shall not be liable for and will not pay the fees of any other (i) "Public Records": Records established under state statutes at Date of Policy counsel. The Company will not pay any fees,costs,or expenses incurred for the purpose of imparting constructive notice of matters relating to re property to purchasers for value and without Knowledge. 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ARBITRATION ,16. SEVERABILITY the Insured maydemand that, laim or controversy In the event any provisi .this policy,in whole or in part, is held invalid or Either the Company or the policy shall be deemed not to include that shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the unenforceable under applicable law, American Land Title Association("Rules"). Except provided in the Rules,there provision or such part held to be invalid,but all other provisions shall remain in full P as shall be no joinder or consolidation with claims or controversies of other persons. force and effect. Arbitrable matters may include,but are not limited to,any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in 17. CHOICE OF LAW;FORUM P y connection with its issuance or the breach of a policy provision, or to any other (a) Choice of Law: The Insured acknowledges the Company has underwritten of the transaction givingrise to this policy.All arbitrable the risks covered by this policy and determined the premium charged therefor controversy or claim arising out matters when the Amount of Insurance is$2,000,000 or less shall be arbitrated at the in reliance upon the law affecting interests in real property and applicable option of either the Company or the Insured. All arbitrable matters when the Amount to the interpretation, rights, remedies, or enforcement of policies of title � of Insurance is in excess of$2,000,000 shall be arbitrated only when agreed to by both insurance of the jurisdiction where the Land is located. the Company and the Insured. Arbitration pursuant to this policy and under the Rules Therefore,the court or an arbitrator shall apply the law of the jurisdiction shall be binding upon the parties. Judgmentupon u on the award rendered by the Arbitrator(s) where the Land is located to determine the validity of claims against the may be entered in any courtcompetentjurisdiction.of jurisdiction. Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of 15. LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE CONTRACT law principles to determine the applicable law. (a) This policy together with all endorsements, if any, attached to it by the (b) Choice of Forum: Any litigation or other proceeding brought by the Insured Company is the entirepolicy olic and contract between the Insured and the against the Company must be filed only in a state or federal court within the Company. In interpreting inte retinprovision of this policy,this policy shall be United States of America or its territories having appropriate jurisdiction. any construed as a whole. (b) Any claim of loss or damage that arises out of the status of the Title or by 18. NOTICES,WHERE SENT any action asserting such claim shall be restricted to this policy. Any notice of claim and any other notice or statement in writing required to be (c) Any amendment of or endorsement to this policy must be in writing and given to the Company under this policy must be given to the Company at authenticated by an authorized person,or expressly incorporated by Sched- ule A of this policy. Fidelity National Title Company (d) Each endorsement to this policy issued at any time is made a part of this National Claims Administration: policy and is subject to all of its terms and provisions. Except as the en- P.O.Box 45023 dorsement expressly states,it does not(i)modify any of the terms and pro- Jacksonville,Florida 32232-5023 visions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy,or(iv)increase the Amount of Insurance. £ZOS-ZpOH `aiiinuosxOU f £ZOSt Suedtuoa aaueinsuI anis PUO!PN SWIM rir rir = 11111 E AMVdIAIO3 ��1�I�2�IlSl�I �rIZIZ 'IVNIOIZNNI �ZIrI�QI�