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GENERAL OFFICERS
GLENN ~ SCH~EFER, CH~ OF oo~~o
WAVERLY P W"'GGONER PRESIDENT
Will S PORTER EXEC VICEPRES-
R S. P~OGET. VICE PRES
GOO H WOODRUFF VlCEPRES
T W HAYMOND SECUTUV
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LOS ANGELES OFFICERS
JAS R FORO III~~AGEIl
LOUIS II STRIBLING. A$Sf 5EC~OUV
C W BARTON ESCIlOWOf'FICER
HENRY 0 SMYSER, ~SST SECRETARV
L J RICE.. TITLE OITlCER
W"'LTER B KIBBEY AHORl'IEY
S"CUJllty'Utl" Insul'lInc" Building
5301ll"8t Sixth Sty""t
Los J[ngeles
CALIFORNIA
.fIrnnunt $1000.00
M 54-61
llumbep 92242-B
Policy of'1Tile Insurance
Secul'ity'1rtle lnsul'ance ilnd Gual'antee Uompan,g
a Ilalifmrnia OOllpol'3tion
herein called the Company, for a valuable consideration, paid for this Policy of Title Insurance,
Does Hepeb!llnSllpe
CITY OF ARCADIA,
a municipal corporation,
together with any other person or corporation included in the term the Insured as defined in this
Policy, against loss or damage not exceeding One Thousand ($1000.00) _ _ _ _ dollars,
which any Insured shall sustain by reason of title to the land described in Schedule A being vested
at the date hereof otherwise than as therein stated, or by reason of unmarketability of the title of
any yestee to or in said land on account of defects, liens, encumbrances and other matters not shown
in Schedule 13, or by reason of any defect in. or lien or encumbrance on said title. at the date hereof,
other than llefects. liens, encumbrances and other matters shown in Schedule B or by reason of any
defect in the execution of any mortgage or deed of trust securing an indebtedness the owner of which
is insured by this Policy or by reason of priority thereto of any lien or encumbrance at the date hereof
except as shown in Schedule D, all suoject. howe\'er. to the exceptions and conditions hereto annexed,
which exceptions and conditions together with Schedules A and n are hereby made a part of this
Pol,icy,
IN WITNESS WHEREOF, SECURITY TITLE INSURANCE AND GUARANTEE
COMPANY has caused its corporate name and seal to be hereunto affixed by its duly authorized officers.
this Twenty-fifth day of July 1931 at 8:30 A. M.
SECURITY TITLE INSURANCE AND GUARANTEE COMPANY,
By
~~rY~,,~,,~ ~,
-~' ~ President,
1//?fr,7'
Attest: t{).Q~
{:/7'- - - - Assistant Secretary,
S.CB.T.U.No.l
This Policy consists of 4
pages which are numbered at the end of each page.
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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:
That portion of Lot Nine (9) of Tract Number Fifty-two
Hundred Five (5205), in the City of Arcadia, County of Los
Angeles, State of California, as per map recorded in Book
54, Page 61 of Maps, in the office of the County Recorder
of said County, described as follows:
Beginning at a point West ninety-seven (97) feet and
South 00 02' 00" West, twenty (20) feet from the Northeasterly
corner of said Lot Nine (9); thence South 00 02' 00" West and
parallel with the Easterly line of said Lot, fifty-six (56)
feet; thence East and parallel with the Northerly line of said
Lot, forty-one (41) feet; thence North 360 11' 15" West
sixty-nine and thirty-nine hundredths (69.39) feet to the
point of beginning.
Page 2
01 Policy 92242-B
S.CBT.U.ND 1....
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SCHEDULE B
Defects, liens, encumbrances and other matters to which said land is subject in the order of priority shown:
1. Taxes for the fiscal year 1931-1932.
2. A Sale to the Ci~ of Arcadia covering portion of this
and other proper~, for City taxes for the fiscal year
1930-1931. Amount, $41.98. Assessment No. 1133.
Page 3
of Pol;cy 92242-B
SC.8.T.U. NQ. 1_8
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EXCEPTIONS
The Company does not, by thi. Poliey) insure against:
1. Any facts which a correct survey and inspection of uid land would show; water rights; mining claims i right! or claims
of parties in possession of any part of said land, easements, liens or encumbrances which are not shown by the official records of
(a) the County of Los Angeles; (b) the Federal Offices at Los Angeles i (c) any City in which) or adjacent to which, laid land
is located.
2. Assessments, taxes or obligations levied or created for any public or district improvement or purpose, unless at tbe date
hereof tbe amount of such assessment, tax or obligation has been fixed, is payable and is shown as a lien by tbe official records of
(a) the County of Los Angeles i or (b) any City in which said land is located.
3. Proceedings for municipal improvement, which, at the date hereof, are shown by the official records of any such city, but
bave not resulted in imposition of a lien upon, or establisbment of an ealement 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 purpOle of regulating occupancy or ule of said land or any building or
structure thereon.
CONDITIONS
1. The tenn "the InsuredlJ includes all named 81 insured on the first page of this PoHey and as to each insured owner of an
indebtednelS secured by mortgage or deed of trust I!lhown in Schedule B, each successor in ownership of IUch indebtedness and any
owner thereof, who acquires said land, or any part thereof, by foreclosure, trustee's sale, or other legal manner in sathfaction of
laid indebtedness, or any part thereof j and as to each other named Insured, if a person, any person or corporation deriving an
estate or interest in said land as heir or devisee of such person, or if a corporation, aoy person or corporation deriving an estate or
interest in said land by dissolution, merger or consolidation.
2. The Company at its own cost shall defend the Insured in all actions or proceedin~ commenced against the Insured
founded upon a defect, lien or encumbrance insured against by this Policy and may pursue such litigation to final determination
in the court of Jast resort. In case any such action or proceeding shall be begun, or in case knowledge shall come to any Insured
of any clai.m of title or interest adverse to the title as insured, or which might cause loss or damage for which the Company 'Shall
or may be liable by virtue of this Policy, such Insured shall at once notify the Company thereof in writing. If such notice shall not
be given to tbe Company at least five days before tbe appearance day in any such actioo or proceeding, or if such Insured shaH not,
in writing, promptly notify the Company of any defect, lien or encumbrance insured against or any such adverse claim which shan
come to the knowledge at such Insured, in respect to which loss or damage is apprehended, then all liability of the Company aa
to each Insured having such notice in regard to the subject of luch action, proceeding or claim shaH cease and terminate, provided,
however, that failure to so notify shall in no case prejudice the claim of any Insured unless the Company .hall be actually
prejudiced by such failure. In all cases where this Policy permits or requires the Company to prosecute or defend any action or
proceeding, tbe Insured shall secure to it the right to so prosecute or defend such action or proceeding, and all appeals therein,
and permit it to use, at its option, the name of the Insured for such purpose. The word uknowledge" in this paragraph means
setua) knowledge and does oat refer to conetructive knowledge or notice which may be imputed to the Insured by reason of any
public record or otherwise.
3. The Company reserves tbe option to pay, lettle or compromise for or in the name of tbe Insured, any claim insured
against or to pay this Policy in fuU, and payment or tender of payment of the full amount of this Policy together with all costa
l'Vhich the Company is obligated hereunder to pay shaH terminate all liability of the Company hereunder.
4. Whenever the Company shall have settled a cJaim under this Policy, it shall be subrogated to and be entitled to all rights,
securities and remedies which the Insured would have had against any person or property in respect to such claim, had this Policy
oat been issued, and the Insured shall transfer or cause to be transferred to the Company such rights, securities and remedies, and
permit it to use the name of the Insured for the recovery, retention or defense thereof. If the payment does not cover the loss
of the Insured, the Company shall be subrogated to !luch rights, securities and remedies in the proportion which said payment beats
to the amount of said loss.
5. The Company has the right and option, in case any Ion is claimed under this Policy by an Insured owner o-f an indebted-
Dess secured by mortgage or deed of trust, to pay lIuch Insured the entire indebtedness 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 .hall at once assign and transfer to the Company said mortgage or deed of trust and
the indebtedness thereby secured and such payment shall terminate aU 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 shan be
furnished to the Company within sixty day! after 8uch loss or damage shall have been ascertained. No action or proceeding for
tbe recovery of any such loss or damage shall be instituted or maintai.ned until a.fter full compliance by the Insured with all the
conditions imposed on the Insured by this PoHcy Dor unless commenced within twelve months after receipt by tbe Company of
such written statement.
7. The Company will pay, in addition to any loss insured against by this Policy, all cost! 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 lo!! or damage by reason of defects, claims or encumbrances
created subsequent to the date hereof or resulting in no pecuniary loss to the Insured, or for defects, claims or encumbrances
created or suffered by tbe Insured claiming such loss or damage, or existing at tbe date of this Poticy and known to the Insured
claiming such los8 or damage either at the date of this Policy or at the date such In,ured claimant acquired an estate or interest
insured by this Policy. The liability of the Company under this Policy shall in no case exceed in aJJ 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 payments under this Policy shall reduce the amount of the insurance pro tanto and payment of loss or damage
tQ an Insured owner of indebtedness shan reduce to that extent the liability of the Company to the Insured owner of said land. No
payment can be demanded by any Insured without producing this Policy for indorsement of such payment.
8. Loss under this Policy sbaJJ be payable, first, to any Insured owner of indebtedness secured by mortgage or deed of trust
sl10wn in Schedule B, in the order of priority therein shown, and if such ownership vests in more than one, payment shall be made
rl'ltably as their respective interest' may appear, and thereafter, or if there be no such Insured owner of indebtedness, any loss
sball be payable to the other Insured, ratably as their respective interests may appear.
9. No provision or condition of this Policy caD be waived or changed except by writing indorsed hereon or attached hereto
ligned by the President, a Vice~Prellident, the Secretary or an AlIIistant Secretary of tbe Company.
Page
4
of Policy 92242_B
S.t.B.T.U.N01-C
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS
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RESOLUTION NO. 624.
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THE CITY COUNCIL OF THE CITY OF ARCADIA DO RESOLVE AS
FOLLOWS:
That that certain Grant Deed, dated July S, 1931, executed'
by Bertha L. Glazier and W. George Glazier, her husband, granting:
to the City of Arcadia, a municipal corporation, for publio road
and highway purposes, all that certain real property situate in
the City of Arcadia, County of Los Angeles, state of California,
and more particularly desoribed in said Grant Deed, be and the
same is hereby accepted by said City of Arcadia.
The undersigned, City Clerk of the City of Arcadia, does
hereby certify that the foregoing is a full, true and correot
copy of a Resolution adopted by the City Counoil of said City of
Aroadia, at a regular meeting thereof,held July 21, 1931.
19 I WITNESS, my hand and the Corporate Seal of said City of
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Arcadia, this 22nd. day of July, 1931.
\1 (h/? ~/( .
~ Clerk bf the b ty of Aroadia.
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BERTHA L. GLAZIER and W. GEORGE GLAZIER, her husband,
"""",.. ,..,...."""..".."..., ..,.....".., ,.",..,..', ,J",.." ..0000...."....", "..""", ..noon"'..'..,...,'..', ......00,'..',.."..""" ,.."", ....'..'""....",
.. _. _.' _.._. _ u. _........ ......h _ h..n.._ _ n_" ........ _h _._. n.......... _ h_ ._. un.. _........ _ _h' h _ _." _ _. -.. ......__ _. ........ _.h -- ........ - - - - --.... h - i-....-. n.... _ __ _..
in consi d era ti on of",.., ,'I' ~A.. '<'$:i..<:l,! ,()() ,t,::, , :::....:::, ,::..,::" :::" ,-:."::,, ,::",::,. ,-:." ,-:." ,-:.,..~",::,' ::: ..,..nD 0 LLARS
to..,....~,h,e.llI,n...jn hand paid, the receipt of which is hereby acknowledged, do.............,..,.........hereby
~runt tn ""...",9.Jr.Xn9.f., ,~9,I\!)JA",,~,'~~,~ ~p,a,:i.,..Q~,!.p,O'!.l.i.:t.,~,o.,~.,o.,r,gll,~~,~El<i.,'~~".,.,"',..,
,..,"",e.~,i,l:l~JIl'gn'~~~e.l.',..~,l:lEl.,'l,Il1l'f3..,o.r.,~l:l,El..,S~,ll,t,El..,oJ",QEI::i:,1.,~~:t:,Il,;,~,.f.~,r.,~~,~~,C"".... ..
.""..' ,F! ~g~1I'1l1,...P\1,!.P,o. f3,Elf3,L"..,......,.." ,.'..,",..."."."""".., ,.."....',.. "'0000" ,....,.."" ..noon""..",'.."...., ,.,.."", ".,
all that real property situate in the..n..,..9.~:t,1...,o.r ,.f\l':,C,Il<i,1.~.......,..nn,..,..........,...nn,n..,..,.......,..................,
County of Los Angeles, State of California, described as follows:
..... ...,l3.e.g~~.~ ~.Ilg."~~h .1l...Po.~Il.t. ...i,Il... ~l:l,e...F;,Ill:l.t.~!..l.L:L ,i,~.e.. .00,1.'...~o.,~..,li !:!1,El.. J ~J L..~ ]:',a.~ ,t
..,.....,~o., .....5,~9.?'n ..ll:l:1n ,p, Ell.'...,Mllp.. ,r, t3,C,o.l.' ,o,t3<i. ,JIl... 13,0.0.)1:.., !),~,.. ..F.'~,g.e...E>,l,.. 0.1.'.. ,t.lllP.El1., ..J\,e,() ~.~, (1,S,
.""", ,o.~" ,l:l!J:~ ci"..9.,O''1.I.l,t. y", ,...Ell:lJ,d." Po. ,i,n. :t" ,1> ,e, ~Il,g,.~.o.,~ 9." r e. .e,~....,f3,o.~,t.,~ ,~, !.:l.Y..., ~,!. ~,Dl, "t,~ ,e", ~,Q, 1.' :t.h-
,........t3!J:l:l:t,e.~,:L,Yn,9,<>.:r:,Il,e'~hgJ...El!l,~,d...,~o.,t.;,..t.ll.,e,n.(),e....S,o.\l,~ll....<:l~..,9.:?,I....\V,ElI3,:t..,:L~,~,.9.JElEl,~
...,...' ,!;lo.!H!; ..:t,~,El.. ,~!l,l:l:t. e.~)"y... J ~ At3,..o. r.. l:lll., j" ci, ..l!9, t. ,;.. ,:tll.,ElIl9,ElnnN. o.:r:,:t 1:1" i:l?..,., :L~,I..,,~!) ,II", '{{,El s t
114.57 feet. thence North 360 11' 15. West 69.39 feet to the South-
_._........ __.. _..... .... n.n...'. ....1..... __. ....................... _... __.._... ..... _ .._..._. _.......... _. .... ....nn.. .n..... _.. __. ......... __.... __.... _.... ........ .......
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..".....9 %", ,~!J: ~ci,..JNR!;J Ag:t.9.JL Il:rJY. ,e." E?.'7. ,,9... ~,e,~:t;", ,t,~ ,e,~~ ,e....f3,()\.l,~ll,' ,4:?.o" 9(),~,.. ~,a, El,~,.. ~,a.,~ :8,8
........J,e.El:t.;,..,~,l:\,~,~()..~..,~a,~,~,..:I."Q,~'O'..!,t3.e,t..~,o....t,llll..J?,o.~~1;.,<?,Ln1>,e.e;,i,~Il,,1.,Il:g,~..............................
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h..... un............ n.... n.' ..............n .......... ........ h.. n' .... n'. ........ n.... ... n..h h......n.... h.... .............. .......h............... _. n...... .____ .
llln ijnne ntW tn lIinlb to the said grantee,....~,:t.!!.....................~_.~_,..'3.:u.,~g,Ell:l,s.o.:r,!!,n,<>.!.,..
.....m'a.as1.gnS+..,fO.1:..1lu:Q,l,\,o...~"gt!".~y..P~,~,P.9.l:l~,S."..........m.................................,.....................,.......
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l5>tatl' of <!lalifornia } ss,
CIlountyof I!jos.l\.ngtlts
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On this.........n'n..~,t.~,~.........day oL...,~,'1.~,~!,...~~,~~,',..,:l9!!-......., before me,
..........,..................W,a.J",t.,E!!...r..~..,~...,.,....."..':'... ....'.'..nn............,...,a Notary Public i-:r a)ld for said
County, persopal!y a ppeared.""..,..,'j:!,~J:t~~"'~,', J!~.a,~,~,~~..."@,4,..W..L,g,~,C;rr.g~",g~,a,:I;.1.~~,L...".,
known to me to be the person...R,whose name...8.., ,a.r,e.....,.....,subscribed to the foregoing instrument
and acknowledged thatt.,hey..executed the same,
mitnl'~!I my hand and Official Seal.
___.________.____ ....it
nty of Los Angeles, State of California.
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GENERAL OFFICERS
GLENN ~ SCHAEFER. C~~ Of _~o
WAVERLY P W"GGONER P~ESIOEHT
WM 5 PORTER U[C Y\CEl'RES
R $ PADGET. VICEPflES
GED H WOODRUFF VICE PRES
T W HAYMOND.5ttRrtARV
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LOS ANGELES OFFICERS
JAS R rORD M"HAGER
LOUIS B STRIBLING A~'T SECRETARY
C. 'III BARTON ESCIlOWOFflCEII
HENRY 0 SMYSER lSST SECRETARY
L J RICE, TlnrOH1ClR
WALTER B KIBIlfY, ATTORNEY
SecupUy'TItle InsUI'lInce Building
530 mest Sixth Stl'""t
hos Jlngeles
CAl.lFOFl:NIA
.fInmunt $3000.00
M 54-61
llumhcr 92242-A
Polic!J of'1Iile Insul'once
Secul'ity1rtle lnsul'ance and Gnal'antee Uompany
a llalifnrrnia l]o"poPation
herein called the Company, for a "aluable consideration, paid for this Policy of Title Insurance,
Docs UeJlCh.!llnsurH
CITY OF' ARCADIA,
a municipal corporation,
together with any other person or corporation included in the term the Insured as defined in this
Policy, against loss or damage not exceeding Three Thousand ($3000.00), _ _ _ dollars,
which any Insured shall sustain by reason of title to the land described in Schedule A being vested
at the date hereof othcrwise than as therein stated, or by reason of unmarketability of the title of
any yestee to or in said land on account of defects, liens, encumbrances and other matters not shown
in Schedule H. or by reason of, any defect in. or lien or encumbrance on said title. at the date hereof,
othcr than defects, liens, encumbrances and other matters shown in Schedule B or by reason of any
defcct in the execution of any mortgage or deed of trust securing an indebtedness the owner of which
is insured by this Policy or by reason of priority thereto of any lien or encumbrance at the date hereof
except as shown in Schedule H, all subject, howeycr. to the exceptions and conditions hereto annexed,
which exceptions and conditions together with Schedules A and B are hereby made a part of this
Policy,
IN WITNESS WHEREOF, SECURITY TITLE INSURANCE AND GUARANTEE
COMPANY has causcd its corporate name and seal to be hereunto affixed by its duly authorized officers.
this Twenty-fifth day of July 1931 at 8~30 A. M.
SECURITY TITLE INSURANCE AND GUARANTEE COMPANY,
By
~-4(j(4~_d~
---<I' ~ President.
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Attest: ttJ.
Assistant Secretary,
s.c.a.TU.No.l.
This Policy consists of
4
pages which are numbered at the end of each page.
-1_
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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:
That portion of Lot Nine (9) of Tract Number Fifty-
two Hundred Five (5205). in the City of Arcadia. County of
Los Angeles, state of California. as per map recorded in Book
54. Page 61 of Maps, in the office of the County Recorder of
said County, described as follows:
Beginning at a point in the Easterly line of said Lot
Nine (9). forty (40) feet southerly from the Northea,sterly
corner of said Lot; thence South 00 02' 00" West. one hundred
thirty-six (136) feet along the Easterly line of said Lot;
thence North 290 13' 35" West, one hundred fourteen and fifty-
seven hundredths (114.57) feet; thence North 360 11' 15" West,
sixty-nine and thirty-nine hundredths (69.39) feet to the
Southerly line of Huntington Drive; thence East along the
Southerly line of said Huntington Drive. sixty-seven (67)
feet; thence South 450 00' DO" East. twenty-eight and twenty-
eight hundredths (28.28) feet; thence East ten (10) feet to
the point of beginning.
Page 2 of Policy 92242 -A
S.C.B.T.l.I.HO,I-A
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SCHEDULE B
Defects, liens, encumbrances and other matters to which said land is subject in the order of priority shown:
1. Taxes for 'the fiscal year 1931-1932.
2. A Sale to the City of Arcadia covering this and other
property, for City taxes for the fiscal year 1930-1931.
Amount, $41.98. Assessment No. 1133.
Page 3
of Policy
92242-A
S.C.ll.T.U.NO I.ll
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EXCEPTIONS
The Company docs not, by this Policy, insure against:
1. Any facts which a correct survey and inspection of uid land would show; water rightl; mining claims; righu or clairna
of partics in possession of any part of said land, casements, liens or encumbrances which are not abawD by the official records of
(0) the County of Los Angeles; (b) the Federal Offices at Los AngeJes; (c) any City in which, or adjacent to which, said land
is located.
2. Ancssmcnts, taxes or obligations levied or created for any public or district improvement or purpose, unless at the date
hereof the amount of such assessment, tax or obligation has beeD fixed, is payable and is shown as a lien by the official records of
(a) the County of Los Angeles; or (b) any City in which said land is located.
3. Proceedings for municipal improvement, which, at the date hereof, are shown by the official records of any such city, but
have not resulted in imposition of a lien upon, or establishment 0 f an easement over, or adjudication of the right to a public use
of, said land or any part thereof.
4. Action by any gavnnmental agency far the purpose of regulating occupancy or un of aaid land or any building or
structure thereon.
CONDITIONS
1. The term "the Insured" includes all named as insured on the first page of this Policy and as to each insured owner of an
indebtednelS secured by mortgage or deed of trust shown in Schedule B, each successor in ownership of such indebtedness and any
owner thereof, who acquires 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 as to each other named Insured, if a person, any person or corporation deriving an
estat~ 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 itl own cost shan defend the Insured in all actions or proceedings commenced against the Insured
founded upon a defect, lien or encumbrance insured against by this Policy and may pursue IUch litigation to final determination
in the court of last relort. In case any IUch action or proceeding shall be begun, or in case knowledge shall come to any Insured
of Bny claim of title or interest adverse to the title as insured, or which might cause loss or damage for which the Company shall
or ms.y be liable by virtue of this Policy, such Insured Ihall at once notify the Company thereof in writing. If IUch notice shall not
be gi'Ven to the Company at leut five daYI before the appearance day in any such action or proceeding, or if such Insured shan not,
in writing, promptly notify the Company of any defect, lien or encumbrance insured against or any sucb adverse claim which shall
come to the knowledge of sucb Insured, in respect to which lo!!s or damage is apprehended, then an liability of the Company as
to each In!!ured having IUch notice in regard to the subject of such action, proceeding or claim shall cease and terminate, provided,
however, that failure to so notify shall in no case prejudice the claim of any Insured unless the Company shaH be actually
prejudiced by such failure. In all cases where this Policy permits or requires the Company to prosecute or defend any action or
proceeding, the Insured shan secure to it the right to 80 prosecute or defend such action or proceeding, and all appeals therein,
and eermit it to use, at iu option, the name of the Insured for such purpose. The word "knowledge" in this paragraph means
actual knowledge and does not refer to constructive knowledge or notice which may be imputed to the Insured by reason of any
puhli~ record or otherwise.
3. The Company reserves the option to pay, settle or compromise for or in tbe name of the Insured, any claim insured
against or to pay this Policy in full, and payment or tender of payment of tbe full amount of this Policy together with all costa
whicl1. the Company is obligated hereunder to pay 8hall terminate all liability of the Company hereunder.
4. \Vhenever the Company shall have settled a claim under this Policy, it shan be subrogated to and be entitled to all rights,
securities and remedies which the Insured would have had against any person or property in respect to such claim, had this Policy
not been issued, and the Insured 8hall transfer or cause to be transferred to the Company such rights, securities and remedies, and
permit it to use the name of the Insured for the recovery, retention or defense thereof. If the payment does not cover the loss
of the Insured, the Company shall be 8ubrogated to such right8, 8ecurities and remedies in tbe proportion which 8aid payment bears
to the amount of said loss.
S. The Company hall the right and option, in case any loss is claimed under this Policy by an In!!ured owner of an indebted-
ness lIecured by mortgage or deed of trust, to pay 8uch Insured the entire indebtedness of the mortgagor or tru!!tor under said
mortgage or deed of trust, together with all costl which the Company is obligated hereunder to pay, in which case the Company
8hall become the owner of, and such Insured shan at once assign and transfer to the Company said mortgage or deed of trust and
the indebtedness thereby secured and such payment shall terminate an 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 tbis Policy shall be
furni!Jhed to the Company within 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
conditions imposed 00 the Iosured by this Policy nor unlelll commenced within twelve months after receipt by the Company of
such 1Vritten statement.
7. The Company will pay, in addition to any loss insured against by this Policy, all costs imposed upon tbe 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 loss or damage by reallon of defects, claims or encumbrances
created subsequent to the date hereof or resulting in no pecuniary loss to the Insured, or for defects, claims or encumbrances
created or suffered by the Insured claiming such Joss or damage, or existing at the date of this Policy llnd known to the Insured
claiming such loss or damage either 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 Policy llhall in no case exceed in all the aaualloss of the Insured
and costs which the Company is obligated hereunder to pay and in no case shall 8uch total liability exceed the amount of this Policy
and said costs. All payments under this Policy shan reduce the amount of the insurance pro tanto and payment of loss or damage
to an Insured owner of indebtedness shall reduce to that extent the liability of the Company to the Insured owner of said land. No
payment can be demanded by any Insured without producing this Policy for indonement of such payment.
8. Loss under this PoHcy shall be payable, fint, to any Insured owner of indebtedness secured by mortgage or deed of trust
showtl in Schedule B, in the order of priority therein shown, and if such ownership vests in more than one, payment shall be made
ratably as their respective interests may appear, and thereafter, or if there be no such Insured owner of indebtedness, any 1011
sha1l be payable to the other Insured, ratably as their respective interests may appear.
9. No provision or condition of this Poticy can be waived or changed except by writing indorsed hereon or attached hereto
signed by the President, a Vice-President, the Secretary or an Assistant Secretary of the Company.
Page
4
of Policy 92242-A
SC.D.T.V.J'lO.l.C
"
Form 4-C-19 ~31 10M
7,;-.
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92242
SEC:.I: ".."'_
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THIS 15 NOT A SURVEY OF THE LAND BUT 15 COMPILED FOA INFORMAtiON ONLY FROM DATA SHOWN BY OFFICIAL RECORDS
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