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Home My WebLink AboutD-0183 II 1 2 3 4 5[ 6 7 8 9 10 11 12 13 z ~ o~ Z Wc ~ 14 Cl~ 0 It:~ . :::JC J C 15 ..m 0 00> w .. ClZ ~ > 16 zo 0 z~ ~ Z :::JC 0 C . 17 18 191 20 I 21 22 23 24 25 26 -~ 27 28 29 30 31 32 l , I I I THE CITYCOUNCI~ OF THE CITY OF ARCADIA DO RESOLVE Asi , I I That that oertain Grant Deed, dated November ,21, 19JO~ ! I \ I $10.00, gran~ing to the City of Aroadia, a municipal Corporation, I " I that oertain paroel of lan~ situate in the City of Arcadia, qoun-I . ~ " ty of Los Angeles, state of California, and more particularly "de- , \\ I ~\ ' scr1bed in sa1d Grant Deed, be emd the same 1s hereby acoepted \~py! .~ I , \' ~\ \1 \\\ .~ I>, ,II, I 1\ ~ \ \ \' RESOLUTION NO. 6o~. FOLLOWS: executed by Lucy ll. Sh1shman1an, a w1dow, for a cons1derat,fo,n of sa1d City of Arcad1a. The undersigned, C1ty Clerk of the C1ty of Arcad1a, does hereby oertify that the foregoing is a full, true and cor- re'ct copy 0 f a Resolut1on adopted by the C1 ty Counoil of sa1 d City of Aroadia, at a regular meet1ng thereof, held December 3, 1930. WITNESS my hand and the Corporate Seal of sa1d of Arcadia, this 3rd. day of December, 1930. C 1 ty\ \ I I , I \ I \' ,I }" , \ , \ i I I p~ ," ,'" ,.,' ~ m~4l ~ City Clerk of th City 0 ~rcadia. ~ ~ ~. - ~ 0"._ . - I -If .U1.~i-JJ~.~ Paid ill CapItal and Surplus Over L300,OOO Dolldrs OFFICER!;; "'L~~~I,~u~HOOf:$ JOHN S LOOFilOUAOW ."CUTlVE .,eI '~"'D'.1 EUGENE WERNIt;;K v,U.....'o..T uDUC...... HE8ERB KELly .,el >"""'."..D>lH' o..,e.. S f'A.RKER .,C.....'''...1 SUCCESSOR lOTHE BUSINESS OF ~. TITLE ABSTRACT AND TRUST CO ~ = LOS ANGELES TITLE: AND TRUSTeD 0 -=- -. LOS ANGELES TITLE INSURANCE CO tlJlIiEII MOlt..TGAGJ-~ GUARANT.Jo:t: HLDG 626 SOUTH SPRING ST OFFICERS EUGENE SCANLAN v'c...."OUT FRANK f' DOHERTY O'''.CTO. H l CARNAHA". F X PFller U5IU.U ..c........ F A 80PF' ,",non ..c........ ,,,"AuD,TO,, hos A~eles, @Jifornial Amount $1000.00 Phone TRlm~ 3221 M.R. 15-89 l1umher 428012 Policy of'fitle Insurance @,liforniaJ}Citle Insurance@mp'any a (orporahon of Lao Ang,les. California . herein called the Company, for a valuable consideration, paid for thIS Policy of Title Insurance, JDoes Hereby Insure CITY OF ARCADti., " .- a municipal corporation, together with any other person or corporation included 111 the term the Insured as defined 111 this Policy, agam5t 1055 or damage not exccedmg One Thousand ($1000.00) -------- dollars, which ~ll1Y Insured shall...sustal11 by reason of title to the land described in Schedule A being vested at the date hereof otheT\\ 1se than as therein stated, or by reason of unmarketability of the title of any \ c"Itee to or 111 s~lld lanrl on account of defects, liens, encumbrances and other matters not shown 111 Schedule H. or by reason of any defect in. or lien Or encumbrance on said tItle, at the date hereof, other th~l1) defects. hens, encumbrances and other matters sho\\ n in Schedule II Or by reason of any defect in the execution of any mortgage or deed of trust securing an mdebtedness the owner of which is insured by thi" PolIcy or by reas~m of pnonty thereto of any lien or encumbrance at the date hereof except as shown in Schedule H, all subject, however. to the exceptIOns and conditions hereto annexed, which exceptions and condItions tog~ther with Schedules A and II are hereby made a part of this Policy. IN WITNESS WHEREOF, CALIFORNIA TITLE INSURANCE COMPANY has caused Its corporate name and seal to be hereunto affixed by Its duly authorized officers, this Ninth day 0 f December, 1930, at 8:30 A. M. . .' CALIFORNIA TITLE INSURANCE COMPANY, By ~~ ~;((?~ Attest. I~\f 7 - (l~ Assistant Secretary. S.CBTUNo.l ThIS Policy conSists of 4 pages which are numbered at the end of each page. 1 - i >~I SCHEDULE A 1. The title to said land is at the date hereof vested in CITY OF ARCADIA, a municipal corporation. 2. The land referred to in this Policy is described as follows: Lot Twenty-three (23), in Block Seventy-four (74), of part of Arcadia Santa Anita Tract, in the City of Arcadia, County of Loa Angeles, state of California', as per map re- corded in Book 15, Page 89 of Miscellaneous Recorda of said County. tI C e l.U. NO. loA Page No. 2 of Policy No. 428012 - I ~I ,~ .' SCHEDULE B Deiects, liens, encumbrances and other matters to which said land is suhject in the order of priority shown: None. '. I,C II.T.U. NO I.a Page ~No. :3 f P I. N 428012 o 0 ICY o. - i :~1 .. ~ EXCEPTIONS The Company doea notJ by this Policy, insure against: 1. Any facta which a correct survey and inspection of laid land would llhow; water right! i mining claims; right! or claims of partie! in posscs!Jion of any part of &aId land, easements. lieos or encumbrance! which are not shown by the official records of (a) the CouDtyof Los Angeles; (b) the Federal Office. at Los Angeles; (c) any City in which, or adjacent to which, laid land i. located. 2. Assessments, taxes or obligations levied or created for any public or district improvement or purpose, unlesll at the date hereof tb~ amount of !Iuch a!lscssment, tax or obligation has been fixed, is payable and is shown .as a hen by the official record, of (a) the County of Loa Angeles. or (b) any City in which said land 15 located. 3. ProcudJDgs for municipal improvement, which, at the date hereof, are shown by the official records of any luch city, but have not tesulted ID impoSition of a lien upon, or establishment of an easement over, or adjudication of the right to a public use of, said land or any part thereof. 4. Action by any governmental agency for the purpose of regulating occupancy or use of said land or any building or structure thereon. CONDITIONS 1. 'lbe term "the Insured" includes aU named 81 insured on the first page of this Policy and as to each insured owner of an indebtedness secured by mortgage or deed of trust shown.in Schedule B, each successor in ownership of such indebtedness and any owner th~reof, who .w.cquires said land, or any part thereof, by foreclosure, trustee's sale, or other legal manner in satisfaction of said indebtedness, or any part thereof; and a! to each other named Insured, if a person, any person or corporation denving an estate or interest in said land as heir or devisee of such person, or if a corporation, any,person or corporation deriving an estate or interest in said land by dissolution, merger or consolidation. . 2. The Company at its own Cost .hall defend the Insure1 in all actions or proceedin~ commenced against the Insured founded llpon a defect, lien or encumbrance insured againtlt by this Policy and may pursue .uch litigation to final determination in the COUrt of last reaort. In cue any luch action or proceeding shall be begun, or in case knowledge tlhall come to any Insured of any c1~im of title or mterest adverse to the title as IDsured, or which might cause loss or damage for which the Company tlhall or may b~ liable by virtue of this Pohcy, such Insured shall at once notify the Company thereof in writlDg. If such notlce shall not be given to the Company at least five days before the appearance day ID any such actIOn or proceeding, or if such Insured shall not, in writing, promptly notify the Company of any defect, lien or encumbrance insured against or any such adverse claim which shall come to the knowledge of such Insured, in respect to which JOSI or damage JJ apprehended, then all liabJlJty of the Company as to each Insured having such notice in regard to the subject of such actioD, proceeding or claim shall ceatle and terminate, prOVided, however, tbat failure to so notify shall m no case prejudice the claim of any Insured unless the Company shall be actually prejudiced by such failure. In all cases where this Policy permita or requires the Company.to prosecute or defend any action or proceeding, the Insured shall secure to it the. right to so prosecute_or defend such action or proceeding, and all appealtl therein, and permit It to use, at lttl optioo, the name of the Insured for such purpose: The word "knowledge" in this paragraph meanl actual knowledge and does not refer to constructive knowledge or notice which may be imputed to the Insured by teason of any public re~ord or otherwise " ' 3. The Company reserves the optIOn to pay, settle or compromise for or in the name of the Insured, any claim insured against Or to pny this Pohcy ID full, and payment or tender of payment of the full amount of this Policy together with all costs which the Company is obligated henunder to pay tlhall terminate all liability of the Company hereunder. 4. Whenever the Company tlhall have settled a claim under this Policy, it shall be subrogated to and be entitled to all rights, securities and remedies which the Inlured would have had against any person or property in respect to such claim, had this Policy not been .ssued, and the Insured sha1l transfer or cause to be transferred to the Company luch rights, secunties and remedies, and permit it to use the name of the Insured for the recovery, retention or defeme thereof. If the payment does not Cover the loss of the Insured, the Company shall be subrogated to such rights, securities and remedies in the proportion which said payment bears to the amount of said loss. ,'. . . 5. '"Che Company has the nght and option, in case any IotlS is claimed under this Policy by an Insured owner of an indebted- ness secuted by mortgage or deed of trust, to pay such Insured tbe entire indebtedneu of the mortgagor or trustor under said mortgage or deed of trust, together with all costs which the Company is obligated hereunder to pay, in which case the Company shall become the owner of, and such Insured shall at once assign and trander to the Company said mortgage or deed of trust and the indebtedness thereby secured and such payment tlhall terminate all liability under this Policy to such Insured 6. 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 tbe Company wlthm sixty days after such loss or damage shall have been ascertained. No action or proceeding for the recovery of any such loss or damage shall be instituted or maintained until after full compliance by the Insured with all the conditlon~ imposed on the Insured by this Policy nor unless commenced Within twelve month. after receipt by the Company of such written statement. 7. The Company will pay, in addition to any loss imured against by this Policy, all CO!lts imposed upon the Insured in litigatIOn carried on by the Company for the Insured, and in litigatIOn carried on by the Insured with the written authorization of the Company but not otherwise. The Company will not be liable for I08l!l or damage by reason of defects, claims or encumbrances created subsequent to the date hereof or resulting in no pecuniary Ios! to the Insured, or for defects, claims or encumbrances created or suffered by the Insured claiming such loss or damage, or existing at the date of this Policy and known to the IDllured claiming such loss or damage eithcr at the date of thiS Policy or at the date such Insured claimant acquired an estate or interest insured by this Policy The liability of the Company under this Pohey shall in no calle exceed in all the actual loss of the Insured and costs which the Company is obligated hereunder to pay and in no case shall such total liability exceed the amount of this Policy and said costs. All payment! under this Policy shall reduce the amount of the insurance pro tanto and payment of loss or damage to an Insured owner of indebtednts!shall reduce to that extent the liability of the Company to the Insured owner of aaid land. No payment can be demanded by any Intlured without producing this Policy for indorsement of such payment. 8. toss under thil Policy shall be payahle, first, to any IDtlured owner of indebtedness lecured by mortgage or deed of trutlt shown in Schedule B, in the order of priority therein ShOWD, and if tluch ownership velt! in more than one, payment shan be made ratably as theIr respective interests may appear, and thereafter, or if there be no luch lnsured owner of indebtedne.., any 10ls Ihall be payable to the other In!lured, ratably atl their retlpective interelt! may appear. 9. No provision or condition of thi! Policy can be waived or changed except hy writing indorsed hereon or attached hereto .igned by the President, a Vice-President, the Secretary or an Assinant Secretary of the Company. S'C B T U. NO. l-C-LOS ANGI!:LI!:9 Page No. 4 . _ of Pahcy No. 428012 ,- fOR... CS 50 10_1130' !IN ,~ PLAT SHOWING LOT 23, BLOCK 74, PART OF AR ADIA. SANTA AS PER MAP RECORD 0 IN BOOK15 OF t,i LOS ANSELE COUNTY CAL F. ANITA TRACT, PAGE 89-90 I ~ L It IYh'ECLER ~ ,4rE .m '-;-/. 80 [ ~.?3 "- 6D h. ~ I tt ';.~: , " '...1 13044 N"TlON"L B"NKIT"LY COMP"NY IDENTICAL IN OWNI!:RSHII" l!A~lf~~~~J A1Lt~1Y COMBINED CAPIT....lII'lVESTMENT OV[R200 MILLION DOLLARS AHUAOIA BHANCH Trust Department, ARCADIA, CALIFORXIA Escrow # 2107-Fabrick Peoember 18, 1930. City or Arcadia, Arcadia. California. Gentlelllen: We have completed the closing of your above numbered eSClrow in aCloordanCle with statement rendered you, and enclose herewith the following: 1. California Title Insuranae Co's PoliClY No. 428012 showing Lot 23 in BloClk 74 of Part of ArCladia Santa ~ita TraClt. vested in the City of ArCladia. a muniClipal Clorpor":tio,n. 2. Grant Deed from Luoy'Shishms.nian to the City of ArCladia. with Resolution of AClCleptanoe atta...hed. Please aCllmowledge reCleipt of eilCllosures on ClOpy of this letter and return to ua for our files. !lbe~ta Fabr ok, Esorcm OffiCler. AF:F 6