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Home My WebLink AboutDeed APPLICANT 9/28/2022 (2)911 Country Club Rd, Sle 320 • Eugene, OR 97401 260 Country Club Rd, Ste 12D • Eugene, OR 97401 Phone: 541.741.1981 ��_a ��.\ P.O. Box 10211 • Eugene, OR 97440 Fax 541]41.0619 Phone: 541.687.9794 Fax 541.6829924 Eyergwn TITLE INSURANCE SERVICES • ESCROW CLOSINGS May 27, 2022 Order No. 22-25356 PRELIMINARY TITLE REPORT Branch Engineering, Inc Partial Billing $300.00 310 5th Street Springfield, OR 97477 Attn: Dan Nelson e-mail: dann@branchengineering.com TOTAL $300.00 Dear Dan Nelson: We are prepared to issue on request and on recording of the appropriate documents, a policy or policies as applied for, with coverage's as indicated, based on this preliminary report. LEGAL DESCRIPTION: SEE EXHIBIT "A"ATTACHED HERETO Showing fee simple title as of May 23, 2022, at 8:00 a.m., vested in: 836 S. 70th, LLC., an Oregon limited liability company Subject only to the exceptions shown herein and to the terms, conditions and exceptions contained in the policy form. No liability is assumed until a full premium has been paid. Order No.: 22-25356 Page 1 as SCHEDULE B GENERAL EXCEPTIONS 1. Taxes or assessments which 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; proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or by making inquiry of persons in possession thereof. 3. Easements, or claims of easement, not shown by the public records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments or other fads which a correct survey would disclose. 5. Any lien, or right to a lien, for services, labor, material, equipment rental or workers compensation heretofore or hereafter furnished, imposed by law and not shown by the public records. CURRENT EXCEPTIONS: 6. City Liens, if any, City of Springfield. 7. Commercial Line Real Estate Deed of Trust, including the terms and provisions thereof, executed by 836 S. 70th , LLC., as Grantor(s), to Evergreen Land Title Company, as Trustee, for the benefit of CGF, Inc., an Oregon corporation, as Beneficiary, Dated July 8th, 2021, Recorded July 12, 2021, Reception No. 2021-046067, Official Records of Lane County Oregon, given to secure payment of a Note for $390,000.00. NOTE: Mortgage from 836 S. 70th , LLC, to CGF, Inc., an Oregon corporation, Recorded July 12, 2021, securing a note in the original principal sum of $390,000.00, and other obligations described herein. This mortgage secures an equity line of credit and/or revolving loan. The Company requires a satisfactory written statement from the existing lender confirming: (a) the payoff amount, (b) the line of credit has been closed, and no further draws/advances will be permitted and/or the right to future advances has been terminated, and (c) agreeing to deliver a full satisfaction/release upon payment of the outstanding balance. NOTE: Taxes, Mao No. 18-02-02-23-04300, Code 19-00, Account No. 0560365, 2021-2022, $1,816.43, paid in full. (Parcel 1) Taxes, Map No.18-02-02-23-04200, Code 19-00, Account No. 0560357, 2021-2022, $2,145.53, paid in full. (Parcel 1) (Includes Addition Property) Taxes, Map No. 18-02-02-23-09500, Code 19-00, Account No. 0560423, 2021-2022, $0.00, paid in full. Note: Said Account will be terminated in the 2022-2023 Tax Year. NOTE: The address of the property to be insured herein is: 824 S 70th St., Springfield, OR 97478. NOTE: A Judgment/Lien/Bankruptcy Search was done for the name(s) 836 S. 70th., LLC, and as of May 23, 2022, none were found. OrderNa: 22-25356 Page2M5 NOTE: Due to current conflicts or potential conflicts between state and federal law, which conflicts may extend to local law, regarding marijuana, if the transaction to be insured involves property which is currently used or is to be used in connection with a marijuana enterprise, including but not limited to the cultivation, storage, distribution, transport, manufacture, or sale of marijuana and/or products containing marijuana, the Company declines to close or insure the transaction, and this Preliminary Title Report shall automatically be considered null and void and of no force and effect. Very truly yours, EVERGREEN LAND TITLE COMPANY HOME OFFICE Joseph M Silence Title Officer/ Title Manager cc: Ben Bazer Nick Lawlor NO LIABILITY IS ASSUMED HEREUNDER UNTIL POLICY IS ISSUED AND PREMIUM PAID. IF FOR ANY REASON THE REPORT IS CANCELLED, A MINIMUM CANCELLATION FEE OF $200.00 WILL BE CHARGED. OrderNa: 22-25356 Page 3 of 5 EXHIBIT "A" LEGAL DESCRIPTION PARCELI Being a portion of those lands described in Bxhibit A in that Warranty Deed recorded on July 12, 2021 as Reception Number 2021-04G146 in the lane County Oregon Official Records, said portion being more particularly described as follows: Beginning at a point on the Westerly line of a 40.0 foot roadway 2569.58 feet South and 1223.19 feet West of the Northeast corner of the Thomas J. Maynard Donation land Claim No. 44, in Township 17, South, Range 2 West of the Willamette Meridian, and Claim No. 37 in Township l7 South. Range 2 West of the Willamette Meridian; and running thence along the Westerly line of said road on a 4122.59 foot radius curve right (the chord of which curve bears South 01'40'47" West) a distance of 115.55 feet; THENCE continuing along said roadway 2.12 feet on a 4122.59 foot radius curve to the right through a delta angle of 00'01'46" with a 2.12 foot chord bearing South 02'29'50' West; THENCE leaving said roadway North 87'22'51" West 87.58 feet to a point; THENCE along a line perpendicular to the last course South 02'37'09" West 116.10 feet, more or less, to northerly boundary of those lands described in Exhibit A in that Warranty Deed recorded October 13, 2005 as Reception Number 2005-081336 in the Lane County Oregon Official Records; THENCE along said northerly boundary and its westerly extension South 89'53'19" Nest 285.56 feet. more or less, to the easterly margin of the South 69" Place Right -of -Way; THENCE along said easterly margin North 00'01'17" Fast 89.67 feet, more or less, to the northerly terminus or said South 69" Place Right -of -Way, said point also being on the southerly boundary of the First Addition to Cascade Heights as platted and recorded in the Lane County Oregon Plat Records; THENCE along said southerly boundary South 89'57'13" East 3.12 feet, more or less, to the southeast corner of the First Addition to Cascade Heights; THENCE along the easterly boundary of the First Addition to Cascade Heights North 00'12'18" East 141.12 feet, more or less, to a point on the northerly boundary of those lands conveyed in that Warranty Deed recorded July 12, 2021 as Reception Number 2021-046146 in the Lane County Oregon Official Records; THENCE along said southerly boundary South 89'44'00" East 378.31 feet, more or less. RETURNING to the POINT of BEGINNING, in Lane County, Oregon. 1:7011ytf1'1 Beginning at a point on the Westerly line of a 40.00 foot roadway, 2454.07 feet South and 1222.25 feet West of the Northeast corner of the Thomas J. Maynard Donation Land Claim No. 44, Township 17 South, Range 2 West of the Willamette Meridian and Donation Land Claim No. 37, Township 17 South, Range 2 West of the Willamette Meridian, run thence along the Westerly line of said road South 00° 16' West 57.98 feet on a 4122.59 foot radius curve right (the chord of which bears South 00° 40' West) 57.33 feet, thence North 89° "'West 380.90 feet, thence North 00* 22' East 11551 feet, thence South 89° 44' East 381.06 feet to the point of beginning, in Lane County, Oregon. EXCEPT: A portion of CASCADE HEIGHTS, Replat of Block 1, Lots 1-4. Order Na: 22-25356 Page 4 of 5 O,de Na: 22-25356 Page 5 a 5 ❑ ❑ � � N W W N N Li Li N oN � `ee�". � oN Noz Zo m � � m a a � � ®� . _.:.: I _. 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