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SERVICE ACRE NT <br />The First American Title Insurance Company, Santa Ana, California, herein called <br />the first party, hereby agrees to furnish the services as hereinafter set forth, <br />to the City of Santa Ana, California, herein called the second party. Said first <br />party agrees to receive and accept as full compensation therefor, and second <br />party agrees to pay the fees or charges for such services as hereinafter set forth. <br />I. CONI3MWATION REPORT OR GUARANTEES <br />First party to furnish as ordered by second party the usual form of report or <br />guarantee, not to exceed the sum of 82000.00 per parcel, sufficient in form <br />to cover the acquisition of certain property designated by second party to be <br />used for rights of way, easements, streets, alleys, highways, sewers, storm <br />drains, school sites or tax delinquent properties, for a fee of $45.00 per <br />parcel. <br />II. FINAL POLICIES OF TITLE INSURANCE <br />First party to furnish as ordered by second party a final_ policy of title <br />insurance on each parcel of property covering the final acquisition by <br />second party of the property, involved by either a deed, decree of condem- <br />nation or decree quieting title, for the following fees and charges: <br />Within Eighteen (18) Months: <br />If the policy is issued within eighteen (18) months from the forwarding <br />date of the initial report or guarantee: <br />A. When the final policy of title insurance is to be issued in a <br />minimum amount not to exceed the sum of $2000.00 per parcel, <br />even though the acquisition price paid by the second party for <br />such property is in excess of $2000.00 Per parcel, there will be <br />no additional charge. <br />B. Mken the final policy of title insurance is to be issued in an <br />amount greater than $2000.00 per parcel, or the equivalent of <br />the full purchase price of the taking, where such amount is in <br />excess of $2000.00 per parcel, the charge shall be 100% of the <br />Base Insurance Rate for a CLTA Owner's Policy of Title Insurance <br />as set forth in the then effective Schedule of Title Fees, <br />Minimum $45.0 , less a credit of the original 845.00 charge for <br />the initial report or guarantee. The presently effective Schedule <br />of Title Fees is attached hereto as Exhibit A. <br />From Eighteen (18) Months to Thirty (30) Months: <br />If the policy is issued more than eighteen (18) months but less than thirty <br />(30) months in all from the forwarding date of the initial report or <br />guarantee, to the charges so stipulated in either Section A or B, Page 1, <br />there shall be added an additional fee of $15.00 per parcel which additional <br />fee shall include one supplemental report, if such is ordered by second party. <br />Over Thirty (30) Months: <br />If the policy is issued more than thirty (30) months from the forwarding date <br />of the initial report or guarantee, the charge shall be that stipulated in <br />- 1 - 5 i <br />