HomeMy WebLinkAboutARA D-152., ` . ~_. _~_ :'~E~®gE19t~A~Bi1B/tl~Y OF ;us
AND WHEN RECORDED MAIL THIS DEED AND,
UNLESS OTHERWISE SHOWN BELOW, MAIL TAX
STATEMENTS TO:
Name rArcadia Redevelopment Agenty
Street Address 240 W. Huntington Drive
City, State Zip LArcadia, CA 910GG J
Title Order No. 9629057110 Escrow No. 4961160-PHP
_ ,
96 2026"72 I
LOS ANGELES COUNTY
CALIFORNIA
4:41 PM DEC 13 1996
SPACE AIIOVE THIS LINE FOR RECORllER'S USE
CORPOP.ATIO'L' CR~".1!]T DEED ~~ FREE VII 3
THE UNDERSIGNED GRANTOR(S) DECLARE(S)
DOCUMENTARY TRANSFER "TAX is S )iXEMPT _
[ X ] Computed on full value of property conveyed, or
[ ]Computed on full value less val~Gens or encumbrances remaining at the time of sale, and
nature of De~f Agent determining tax -Firm Name
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
~ Home Savings of America, FSR, a Federal Savings Bank,
O a corporation organized under the laws of the state of California hereby GRANT(S) to
Arcadia Redevelopment Agency, a public body corporate and politic of the Slate of California
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I the following described real property in [he City of Arcadia, County of Los Angeles, State of California:
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~ Lots 5 and 6, Block 72, a part of the Arcadia Santa Anita Tract in [he City of Arcadia, as per map recorded in Book 15, Pages
89.90 of Miscellaneous Records, in the Office of the County Recorder of County of Los Angeles, Stale of California.
In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instrument to be
executed by its Secretary thereunto duly authorized.
Dated December 5, 1996
Home Savi~nfgs of America, FSB, A Federal Savings Bank
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BY:
;NAIL 1'AX STATEMENTS 1'O PARTY SHOWN ON FOLLOWING LINE; IF NO PARTY SO SHOWN, MAIL AS DIRECTED ABOVE
Arcadia Redevelopment Agency 240 W. Huntington Drive Arcadia, CA 91066
Name Street Addtess City & Slate
FATCOLA 74 (7/94)
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STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On December 10, 1996 before me, Catherine C. Lopez, Notary Public, in and for said State, personally
appeared Craig A Hendrickson personally known to me to be the person whose name is subscribed to
the within instrument and acknowledged to me that he executed the same in his authorized capacity,
and that by his signature on the instrument the person, or the entity upon behalf of which the person
acted, executed the instrument.
Witness my hand and official seal.
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Notary Public o
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96-20206'72
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ARCADIA REDEVELOPMENT AGENCY
CERTIFICATE OF ACCEPTANCE
-This is to certify that the interest in real property conveyed or transferred to the
ARCADIA REDEVELOPMENT AGENCY, a public body, corporate and politic of the
State of California by the deed, grant, conveyance or instrument dated December 10,
1996 from or executed by Roger Nepris, Home Savings of America, FSB, a Federal
Savings Bank is hereby accepted by the ARCADIA REDEVELOPMENT AGENCY by
order of authorization of the members of the ARCADIA REDEVELOPMENT AGENCY
contained in Minute Order dated October 15, 1996 and the ARCADIA
REDEVELOPMENT AGENCY consents to the acquisition of said property.
Arcadia Redevelopment Agency
By: Executive Director
The City of Arcadia
B : Acting City Engineer
The documents thus described is hereby approved as to form.
-DATED: I Z -= / -~ -
Bq Agency General Counsel
96-20206'72
Forth No. 1A02.92
(101n/82)
ALTA Owner's Policy
POLICY OF TITLE INSURANCE
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ISSUEll 8Y
First ~4rnerrcan ?'itle Insurance Comp~n,~v .
SUBJECTTO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE
B AND THE CONDITIONS AND STIPULATIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a California
corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage,
not exceeding the Amount of Ihsurance stated in Schedule A, sustained or incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested other than as stated therein;
2. Any defect in or lien or encumbrance on the title;
3. Unmarketability of the title;
4. Lack of a right of access to and from the land.
The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but
only to the extent provided in the Conditions and Stipulations.
First Americ~a/n/{'/JTitle Insurance Company
BY ~~ ICJ 1 PRESIDENT
ATTEST s//~ // ~/~rpp~/, SECRETARY
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EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which
arise by reason ot:
1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting
or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the
land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental
protection, or the effect of any violation of these laws,-ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof
or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date
of Policy.
(h) Any govemmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance
resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy.
2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any
taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge.
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 to Date of Policy; or
(e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy.
4. Any claim, which arises out of the transaction vesting in the Insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy,
state insolvency, or similar creditors' rights laws, that is based on:
(i) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer; or
(ii) the transaction creating the estate or interest insured by this policy being deemed a preferential transfer except where the preferential transfer results from the
failure:
(a) ro timely record the instrument of transfer; or
(b) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor.
CONDITIONS AND STIPULATIONS
1. OEFINITIDN OF TERMS.
The fallowing terms when used in this policy mean:
(a) "insured":the insured named in Schedule A, and,
subject to any rights or defenses the Company would have
had against the named insured, those who succeed to the
interest of the named insured by operation of faw as
distinguished from purchase including, but no[ limited te,
heirs, distributees, devisees, survivors, personal representa-
tives, nett of kin, or corporate or fiduciary successors.
(b) "insured claimant": an insured claiming loss or
damage.
(c) "knowledge" or known": actual knowledge, not
constructive knowledge or notice which may be imputed to
an insured by reason of the public records as defined in this
policy dr any other records which impart constructive notice
of matters affecting the land.
(d) "land": the land described or referred to in
Schedule (A), and improvements affixed thereto which bylaw
constitute real property. The term "land" does not include any
property beyond the lines of the area described or referred
to in Schedule (A), nor any right, title, interest, estate or
easement in abutting streets, roads, avenues, alleys, lanes,
ways or waterways, but nothing herein shall modify or limit
the extent to which a right of access to and from the land is
insured 6y this policy.
(e) "mortgage": mortgage, deed of trust, trust deed,
or other security instrument.
(f) "public records": records established under state
statutes at Date of Policy for the purpose of imparting
constuctive notice of matters relating to real property to
purchasers for value and without knowledge. With respect to
Section 1(a)(iv) of the Exclusions From Coverage, "public
records" shall also incude environmemal protection liens filed
in the records of the clerk of the United States district court
for the disMct in which the land is located.
(g) "unmarketahility of the title": an alleged or
apparent matter affecting the title to the land, not excluded or
excepted from coverage, which would entitle a purchaser of
the estate or interest described in Schedule A to be released
from the obligation to purchase by virtue of a contractual
condition requiring the delivery of marketable title.
r2. CONTINUATION OF INSURANCE AFTER
CONVEYANCE OF TITLE.
The coverage of this policy shall continue in force as
Hof Date of Policy in favor of an insured only so long as the
insured retains an estate or interest in the land, or holds an
indebtedness secured by a purchase money mortgage given
by a purchaser from the insured, or only so long as the
by this policy which constitutes the basis of loss or damage
and shall state, to [he extent possible, the basis of calculating
the amount of the loss or damage. It the Company is
prejudiced by the failure of the insured claimant to provide the
required proof of loss ar damage, the Company's obligations
to the insured under the policy shall terminate, including any
liability or obligation to defend, prosecute, or continue any
litigation, with regard to the matter or matters requiting such
proof of loss or damage.
In addition, the insured claimant may reasonably be
required to submit to examination under oath by any
authorized representative of the Company and shall produce
for examination, inspection and copying, a[ such reasonable
times and places as may 6e designated by any authorized
representative of the Company, all records, books, ledgers,
checks, correspondence and memoranda, whether bearing a
date before or after Date of Policy, which reasonably pertain
[c the loss or damage. Further, if requested by any authorized
representative of the Company, the insured claimant shall
grant bs permission, in writing, for any authorized rep-
resentative of the Company to examine, inspect and copy all
records, books, ledgers, checks, correspondence and mem-
oranda in the custody or control of a third parry, which
reasonably pertain to the loss or damage. All information
designated as confidential by the insured claimant provided
to the Company pursuant to this Section shall not be
disclosed to others unless, in the reasonable Judgment of the
Company, it is necessary in the administration of (he claim.
Failure of the insured claimant to submit for examination
under oath, produce other reasonably requested information
or grant permissionto secure reasonably necessary informa-
ticn from third parties as required in this paragraph, unless
prohibited by law or governmental regulation, shall terminate
any liability of the Company under this policy as to that claim.
fi. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;
TERMINATION OF LIABILITY.
In case of a claim under this policy, the Company shall
have the following additional options:
(a) To Pay or Tender Payment of the Amount of
Insurance.
To pay or tender payment of the amount of insurance
under this policy together with any costs, attorneys' fees and
expenses incurred by the insured claimant, which were
authorized by the Company, up to the time of payment or
tender of payment and which the Company is obligated to
pay.
Upon the exercise by the Company of this option, all
liability and obligations o the insured under this policy, other
than to make the payment required, shall terminate, including
any liability or obligation to defend, prosecute, or continue
am, lifinafinn and iha nnlicv shall. ha snrrandarad. in.fhe
for any loss or damage caused thereby.
(b) In the event of any litigation, including litigaton by
the Company or with [he Company's consent, the Company
shall have no liability far loss or damage until there has been
a final determination by a court of competent judsdiction,
and disposition of all appeals therefrom, adverse to the tAle
as insured.
(c) The Company shall not be liable for loss or
damage to any insured for liability voluntarily assumed by the
insured in settling any claim or suit without the prior written
consent of the Company.
1D. REDUCTION OF INSURANCE; REDUCTION OR
TERMINATION OF LIABILITY.
All payments underthis policy, except payments made
for costs, attorneys' fees and expenses, shall reduce the
amoum of the insurance pro Canto.
11. LIABILITY NONCUMULATIVE.
It is expressly understood that the Amount of In-
suranceunder this policy shall be reduced 6y any amount the
Company may pay under any policy insuring a mortgage to
which exception is taken in Schedule B or to which the
insured has agreed, assumed, or taken subject, or which is
hereafter executed by an insured and which is a charge or
lien on the estate or interest described or referred to in
Schedule A, and the amount so paid shall be deemed a
payment under this policy to the insured owner.
12. PAYMENT DF LOSS.
(a) No payment shall be made without producing this
policy for endorsement of the payment unless the policy has
been lost or destroyed, in which case proof of loss or
destruction shall be furnished to the satisfaction of the
Company.
(b) When liability and [he extent otloss ordamage has
been definitelyfixed in accordance with these Conditions and
Stipulations, the loss or damage shall be payable within 30
days thereafter.
13. SUBROGATION UPON PAYMENT
OR SETTLEMENT.
(a) The Company's RIgM of Subrogarion.
Whenever the Company shall have settled and paid a
claim under this policy, all right of subrogation shall vest in
the Company unaRected by any act of the insured claimam.
The Company shall be subrogated to and 6e entitled to all
rights and remedies which the insured claimant would have
. „
made by the insured in any transfer or conveyance~of the
estate or Interest. This policy shall not continue in force in
favor of aoy'purchaser from the insured of either (i) an estate
'or interest in the land, or (ii) an indebtedness secured by a
.purchase money mortgage given to the insured.
~3. NOTICE OF CLAIM TB BE GIVEN BY
INSUNED CLAIMANT.
The insured shall notify the Company promptly in
writing (i) in case of any litigation as se! forth in Section 4(a)
below, (ii) in case knowledge shall come to an insured
hereunder of any claim of title or interest which is adverse to
the title td the estate or interest, as insured, and which might
cause loss or damage for which the Company may be liable
by virtue of this policy, or (iii) if title to fhe estate or interest,
as insured, is rejected as unmarketable. If prompt notice shall
not be given to the Company, then as to the insured all liability
of the Company shall terminate with regard to the matter or
matters far which prompt notice is required; provided,
however, that lailure [o notify the Company shall in no case
prejudice the fights of any insured under this policy unless
the Company shall be preludiced by the failure and then only
to the extent bf the prejudice.
4. OFFENSE ANO PROSECUTION OF ACTIONS;
DUTY OF INSURED CLAIMANT TO COOPERATE.
(a)- Upon written request by the insured and subjectto
the bpbons contained in Section 6 of these Condhions and
Stipulations, the Company, at its own cost and without
unreasbnahle delay, shall provide for~the defense of an
insured in litigation in which any third party asserts a claim
adverse to the thle or interest as insured, but only as to those
stated causes of action alleging a defect, lien or en-
cumbrance orother matter insured against by this policy. The
Company shall have the right to select counsel bf its choice
(subject [o the right of the insured to object for reasonable
cause) to represent the insured as to those stated causes of
action and shall not tie liable far and will not pay the fees of
any other counsel The Company will not pay anyfees, costs
or expenses incurred 6y the insured in the defense of those
causes of action which allege matters not insured against by
[his policy.
(b) The Company shall have the fight, at its own cast,
to institute and prosecute any action or proceeding or to tlo
any other act which in tts opinion may he necessary or
desirable to establish the title to the estate or interest, as
insured, or to prevent or reduce loss or damage to the
insured. The Cbmpany may take any appropriate action under
the terms of this policy, whether or not it shall he liable
hereunder, and shall not thereby concede liability or waive
any provision of this policy. If the Company shall exercise its
rights under this paragraph, it shall do so diligently.
(c) Whenever the Company shall have brought an
action or interposed a defense as required or permitted hythe
prbvisibns of this policy, the Company may pursue any
litigation [o final determination by a court of competent
jurisdiction and expressly reserves the right, in its sale
discretion, to appeal tram any adverse judgment or order.
(d) In all cases where this policy permits or requires
the Company to prosecute or provide far the defense of any
action or proceeding, the insured shall secure [o the
Company the fight to so prosecute or provide defense in the
action or proceeding, and all appeals therein, and permit the
Company to use, at its bption, the name of the insured forthis
purpose. Whenever requested by the Company, the insured,
at the Company's expense, shall give the Company all
reasonable aid (i) in any action or proceeding, securing
evidence, obtaining witnesses, prosecuting or defending the
action or proceeding, or effecting settlement, and (ii) in any
other lawful act which in the opinion of the Company may be
necessary or desirable to establish the title to the estate ar
interest as insured. If the Cbmpany is prejudiced by the failure
of the insured to furnish the required cooperation, the
Company's obligations to the insured under the policy shall
terminate, including any liability or obligation to defend,
prosecute, or cbntinue any litigation, with regard to the matter
or matters requiring such cooperation.
5. PRDOF OF LOSS Ofl DAMAGE.
In addition to and after the notices required under
Section 3 of these Conditions and Stipulations have been
provided the Company, a prbof of loss or damage signed and
sworn to by the insured claimant shall be furnished to [he
Company within 90 days after the insured claimant shall
ascertain the facts giving rise to the loss or damage. The
proof of loss or damage shall describe [he defect in, or lien
or encumbrance an the title, orother matter insured against
Company for cancellation.
(b) To Pay or Otherwise Settle With Parties Otherthan
the Insured or With the Insured Claimant.
(i) to pay or otherwise settle with other parties for
or in the name of an insured claimant any claim insured
against under this policy, together with any costs, attorneys'
tees and expenses incurred by the insured claimant which
were authorized 6y the Company up to the time of payment
and-which the Company is obligated to pay; or
(ii) to pay or otherwise settle wtth the insured
claimant the loss or damage provided far under this policy,
together with any costs, attorneys' fees and expenses
incurred by the insured claimant which were authorized 6y the
Company up to the time bt payment and which the Company
is obligated to pay.
Upon the exercise by the Cbmpany of etther of the
options provided for in paragraphs (b)(i) or (ii), the Com-
panys obligations tb the insured under this policy far the
claimed Ibss or damage, other than [he payments required tb
be made, shall terminate, including any liability or obligation
tb defend, prosecute br continue any litigation.
7. DETERMINATION, El(TENT OF LIABILITY
ANO COINSURANCE.
This policy is a contract of indemnity against actual
monetary loss or damage sustained or incurred by [he
insured claimant who has suffered loss or damage by reason
of matters insured against 6ythis policy and only to the extent
herein descdhed.
(a) The liability of [he Company underthis policy shall
not exceed the least of:
(i) the Amount of Insurance stated in Schedule A;
or
(ii) the difference between the value of the insured
estate or interest as insured and the value of the insured estate
or interest subject to the defect, lien or encumbrance insured
against by this policy.
(b) In the event the Amount of Insurance stated in
Schedule A at the Oate of Policy is less than SO percent of
the value of the insured estate or interest or the full
consideratibn paid far the land, whichever is less, or if
subsequent [o the Date of Policy an improvement is erected
on the land which increases the value of the insured estate
or interest by at least 20 percent aver the Amount of
Insurance stated in Schedule A, then this Policy is subjectto
the following:
(i) where no subsequent improvement has been
made, as to any partial loss, the Company shall only pay the
loss pro rata in the proportion [hat the Amount of Insurance
at Date of Policy bears to the total value of the insured estate
or interest at Date of Policy; or (ii) where a subsequent
improvement has been made, as to any partial loss, the
Company shall only pay the loss pro rata in the proportion that
120 percent of the Amount of Insurance stated in Schedule
A bears to the sum of the Amount of Insurance stated in
Schedule A and the amount expended for the improvement.
The provisions of this paragraph shall not apply to
casts, attorneys' fees and expenses for which the Company
is liable under this policy, and shall only apply to that portion
of any loss which exceeds, in the aggregate, 10 percent of
the Amount of Insurance stated in Schedule A.
(c) The Company will pay only those costs, attorneys'
fees and expenses Incurred in accordance with Section 4 of
these Conditions and Stipulations.
B. APPORTIONMENT.
If the land described in Schedule (A)(C) consists of two
ormore parcels which are not used as a single site, and a loss
is established affecting bne or more of the parcels but nbt all,
the loss shall be computed and settled on a prb rata basis as
if the Amount of Insurance under this policy was divided pro
rata as to the value on Date of Policy of each separate parcel
tb the whole, exclusive of any improvements made sub-
sequent to Date of Policy, unless a liability or value has
otherwise been agreed upon as to each parcel by the
Company and the insured at the time of the issuance of this
policy and shown by an express statement or by an
endorsement attached to this policy.
9. LIMITATION OF LIABILITY.
(a) If the Company establishes the title, orremoves the
alleged defect, lien or encumbrance, or cures the lack of a
right of access to or from the land, or cures the claim of
unmarketabiliry of title, all as insured, in a reasonably diligent
manner by any method, including litigation and the comple-
tion of any appeals therefrom, it shall have fully performed its
obligations with respect to that matter and shall not he liable
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had [his policy not been issued. If requested bythe Company,
the insured claimant shall transfer to the Company all rights
and remedies against any person or property necessary in
order to perfect this fight of subrogation. The insure0
claimant shall permit the Company to sue, compromise or
settle in the name of the insured claimant and to use the name
of the insured claimant in any transaction br litigation
involving these fights ar remedies.
It a payment on account of a claim does not fully cover
the loss of the insured claimant, the Cbmpany shall be
subrogated to these rights and remedies in the proportion
which the Company's payment bears to the whole amount
of the loss.
If loss should result from any act of the insured
claimant, as stated above, that act shall not void this policy,
but the Company, in that event, shall be required to pay only
[hat part of any losses insured against by this policy which
shall exceed the amount, 'rf any, Ibst to the Company by
reason of the impairment by the insured claimant of the
Company's right of suhragabbn.
(b) The Company's Rights Against non-Insured
Dhligors.
The Companys fight of subrogation against non-
insured obligors shall exist and shall include, without
limitation, the rights of the insured to indemnities, guaranties,
other policies of insurance or bonds, notwtthstanding any
terms or conditibns contained in those instruments which
provide for subrogation rights by reason of this policy.
14. ARBITRATION.
Unless prohibited by applicable law, either [he Com-
pany orthe insured may demand arbitration pursuant to the
Title Insurance Arbitration Rules of the American Arbibation
Associatibn. Arbitrable matters may include, but are not
limited to, any controversy or claim between the Company
and the insured arising out of br relating to this policy, any
service of the Company in connection with its Issuance br
the breach of a policy provision or other obligation. All
arbitrable matters when the Amount bf Insurance is
$1,000,000 or less shall be arbitrated at the option of either
the Company or the insured. All arbttrable matters when the
Amount of Insurance is in excess of $1,000,000 shall he
arbitrated only when agreed to by both the Company and the
insured. Arbitration pursuant to this policy and under the
Rules in effect on the date the demand for arhitmbon is made
or, at the option of the insured, the Rules in effect at Date of
Policy shall be binding upon the parties. The award may
include attorneys' fees only if the laws of the state in which
the land is located permit a court to award attorneys' fees to
a prevailing party. Judgment upon the award rendered by the
Arbitrator(s) may he entered in any court having ludsdiction
thereof.
The law of the situs of the land shall apply to an
arbitration under the Title Insurance Arbitration Rules.
A copy of the Rules may tie obtained from the
Company upon request.
15. LIABILITY LIMITED TO THIS POLICY;
POLICY ENTIRE CONTRACT.
(a) This policy together with all endorsements, it any,
attached hereto by the Company is the entire policy and
contract between the insured and the Company. In interpret-
ing any provision of this policy, [his policy shall be construed
as a whole.
(b) Any claim of loss or damage, whether or not
based on negligence, and which arises out of the status of
the title to the estate or interest covered hereby or by any
action asserting such claim, shall he restricted to this policy.
(c) No amendment of or endorsement to this policy
can be made except by a writing endorsed hereon orattached
hereto signed by either the President, a Vice President, the
Secretary, an Assistant Secretary, ar validating officer or
authorized signatory of the Company.
16. SEVERABILITY.
In the event any provision of the policy is held invalid
or unentbrceable under applicable law, the policy shall he
deemed not to include that provision and all other prbvisions
shall remain in full force and effect.
17. NOTICES, WHERE SENT.
All notices required to be given [he Company and any
statement in writing required to be furnished the Company
shall include the number of this policy and shall be addressed
to the Cbmpany at 114 East Fifth Street, Santa Ana, California
92701, or to the office which issued this policy.
xr
, 9629057-40, RA, KM -December 19, 1996
" ALTAOWNER'S 1992 ::, ~~;r.
. .. , . „~i
' SCHEDULE A
.~ ,
FILE NO.: ARCADIA REDEVELOPMENT AGENCY POLICY NO. 9629057-4D
AMOUNT OF INSURANCE: $200,000.00 PREMIUM: $887.00
DATE OF POLICY: DECEMBER 13, 1996 AT 4:41 P.M.
1. NAME OF INSURED:
ARCADIA REDEVELOPMENT AGENCY, A PUBLIC BODY CORPORATE AND POLITIC OF THE
STATE OF CALIFORNIA
2. THE ESTATE OR INTEREST IN THE LAND WHICH IS COVERED BY THIS POLICY IS:
A FEE.
3. TITLE TO THE ESTATE OR INTEREST IN THE LAND IS VESTED IN:
ARCADIA REDEVELOPMENT AGENCY, A PUBLIC BODY CORPORATE AND POLITIC OF THE
STATE OF CALIFORNIA
4. THE LAND REFERRED TO IN THIS POLICY IS SITUATED IN THE STATE OF CALIFORNIA,
COUNTY OF LOS ANGELES, AND IS DESCRIBED AS FOLLOWS:
LOTS 5 AND 6 IN BLOCK 72 OF THE "ARCADIA" SANTA ANITA TRACT, IN THE CITY OF
ARCADIA, AS PER MAP RECORDED IN BOOK 15 PAGES 89 AND 90 OF MISCELLANEOUS
RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
1
SCHEDULE B
y.,.
7
9629057-40, RA KM December 19, 1996 1 ors',
ALTA OWNER'S 1992 ~;, ~~ ,,
i G:'nMd
EXCEPTIONS FROM COVERAGE
THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMAGE (AND THE COMPANY WILL NOT PAY
COSTS, ATTORNEYS' FEES OR EXPENSES) WHICH ARISE BY REASON OF:
PART ONE:
1. TAXES OR ASSESSMENTS WHICH ARE NOT SHOWN AS EXISTING LIENS BY THE RECORDS
OF ANY TAXING AUTHORITY THAT LEVIES OR ASSESSMENTS ON REAL PROPERTY OR BY
THE PUBLIC RECORDS.
2. ANY FACTS, RIGHTS, INTERESTS OR CLAIMS WHICH ARE NOT SHOWN BY THE PUBLIC
RECORDS 8UT WHICH COULD BE ASCERTAINED BY AN INSPECTION OF THE LAND OR BY
MAKING INQUIRY OF PERSONS IN POSSESSION THEREOF.
3. EASEMENTS, CLAIMS OF EASEMENT OR ENCUMBRANCES WHICH ARE NOT SHOWN BY THE
PUBLIC RECORDS.
4. DISCREPANCIES, CONFLICTS IN BOUNDARY LINES, SHORTAGE IN AREA,
ENCROACHMENTS, OR ANY OTHER FACTS WHICH A CORRECT SURVEY WOULD
DISCLOSE, AND WHICH ARE NOT SHOWN BY THE PUBLIC RECORDS.
5. (A) UNPATENTED 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.
6. ANY LIEN, OR RIGHT TO A LIEN, FOR SERVICES, LABOR OR MATERIAL THERETOFORE OR
HEREAFTER FURNISHED, IMPOSED BY LAW AND NOT SHOWN BY THE PUBLIC RECORDS.
PART TWO:
SECOND INSTALLMENT GENERAL AND SPECIAL COUNTY AND/OR CITY TAXES FOR THE
FISCAL YEAR: 1996-1997.
AMOUNT: $234.15.
CODE NO.: 1943.
PARCEL NO.: 5773-014-003.
1A. SECOND INSTALLMENT GENERAL AND SPECIAL COUNTY AND/OR CITY TAXES FOR THE
FISCAL YEAR: 1996-1997.
AMOUNT: $310.38.
CODE NO.: 1943.
PARCEL NO.: 5773-014-004.
18. THE LIEN OF SUPPLEMENTAL TAXES AND/OR ADJUSTED TAXES, IF ANY, ASSESSED
PURSUANT TO THE CALIFORNIA REVENUE AND TAXATION CODE.
2. 'AN EASEMENT FOR PURPOSES HEREIN STATED, AND RIGHTS INCIDENTAL THERETO AS
.PROVIDED IN A DOCUMENT -
FOR: PUBLIC ROAD AND HIGHWAY PURPOSES.
AFFECTS: OVER A STRIP OF LAND 5 FEET IN WIDTH LYING NORTHERLY OF
AND ADJACENT TO THE SOUTHERLY BOUNDARY LINE OF SAID
9629057-40, RA, KM -December 19, 1996,~~`; K~=x ~ *~.
ALTA OWNER'S 1992 -_~~ ' ~''~
r r i~
.. z _ ~ t +. k.+ s
LANDS.
RECORDED: IN BOOK 2155 PAGE 17 OFFICIAL RECORDS .
3. .THE FACT THAT SAID LAND IS WITHIN THE BOUNDARIES OF THE CITY OF ARCADIA
REDEVELOPMENT AREA, AS DISCLOSED BY A DOCUMENT,
RECORDED: DECEMBER 28, 1973 AS INSTRUMENT N0.4927.
4. THE TERMS AND PROVISIONS SET OUT IN THAT CERTAIN DOCUMENT ENTITLED "AN
ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ARCADIA APPROVING AND ADOPTING
THE REDEVELOPMENT PLAN FOR THE CENTRAL REDEVELOPMENT PROJECT", RECORDED
JULY 16, 1975 AS INSTRUMENT NO. 3632.
5. AN EASEMENT FOR PURPOSES HEREIN STATED, AND RIGHTS INCIDENTAL THERETO AS
PROVIDED IN A DOCUMENT
FOR: LOCATION AND CONSTRUCTION PURPOSES IN CONNECTION WITH
INSTALLATION, REPAIRS, REPLACEMENT OR MAINTENANCE OF THE
ALLEY LIGHT STANDARD AND APPURTENANCES.
AFFECTS: THE NORTHERLY 3 FEET OF THE WESTERLY 3 FEET OF LOTS.'
RECORDED: APRIL 29, 1987 AS INSTRUMENT NO. 87-669927.
3
! 5773- 14
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CONDOMINIUM `~ - /
11743 ~ A 900 series parse s on this'page are assess t
' 1925 TRACT N0.4536 h. ' M. B. 1155-IS-I6 ~ - Arcadia Redevelo
pment Agen<y, unless otherwise
CONDOMINIUM
TRACT NO. 45005 M. B_ 1087 - 7 - 8
NQ 867 FOR PREY. ASSM'T SEE: .. _. x ASSESSORS MAP
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CONDOMINIUM TRACT NO 45361
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