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CERTIFICATE OF ACCEPTANCE
~~ 05299rG 33
This is to certify that the interest in real property conveyed or transferred
to the City of Arcadia, a municipal corporation, by the deed, grant, conveyance
or instrument dated August 3, 1971 , from or executed
by Bennv Joseph and Paula J. Joseph , is hereby accepted
by the City of Arcadia by the order or authorization of the City Council of the
City of Arcadia contained in Resolution No. 2963, adopted January 21, 1958, and
recorded in the office of the Recorder of Los Angeles County on January 29, 1958,
as instrument No. 3069 in Book 56448, Page 264, Official Records of Los Angeles
County; and the City of Arcadia consents to the recordation thereof by its duly
authorized officers.
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The document thus described is hereby
c5
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City Engineer
approved as to fom.
~~ey
CITY OF ARCADIA
701
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"NO W"ItN A!;COADI!:D "'AIL TO
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY. CALIF.
OR SECURITY TITLE INSURANCE CO.
DEe 24 1971 AT 8:01 A.M.
Registrar.Recorder
I
Nam. City Clerk
$tr..t P.O. Box 60
Addrllll
City & Arcadia, Calif.
Stale L
MAll TAll STATEMENTS TO
I City of Arcadia
Noma
SlrH'
Addrall
City &
Slat. L
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SPACE ABOVE THIS LINE FOR RECORDER'S USE
I
DOCUMENTARY TRANSFER TAX $.......tI~......................................
_..5l:::COMPUTED ON FULL VALUE OF PROPERTY CONVEYED.
_OR COMPUTED ON FULL VALUE LESS LIENS AND
ENCUMBRANCES REMAINING AT TIME OF SALE.
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Signature of Declara t or Agent determining t x. Firm Nome
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Grant Deed
I FREE .1. E I
TO 40'.1 CA (1.70)
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
BENNY JOSEPH and PAULA J. JOSEPH
hereby GRANT(i\} 10 the CITY OF ARCADIA, a Municipal Corporation
the following described real property in the
County of Los Angeles
City of Arcadia
, State of California:
The westerly 10 feet of Lot 2 of Block 83 of Arcadia Santa Anita Tract, in the City
of Arcadia, As per map recorded in Book 15, Pages 89 and 90 of Miscellaneous Records
of said County.
~ree recording requested under
un . COde 6103 D
. ocument
~;~~:~ary due to City acquiring
On
}SS.
before me. the under-
Stale, personally appeared
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pa~JO~p~
Dated
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. known to me
to be the personS-whose namp C s:l'l"'O subscribed to the within
instrument and acknowledged that t-hoy executed the same.
WITNESS my hand and official seal. n
S;gnalure ~p~.(> I!: )fh'7A~
Name (Typed or Printed)
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OFFICIAL SEAL
FLORENCE E. NEERGARO
NOTARY PUBLIC. CALIFORNIA
LOS ANGELES COUNTY
MyCommission ExpiresMar.4, 1972
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P. O. Box 60, ArcadIa, Calif.
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(Tllh Bll'.! fot nml'lal notarIal beal)
Title Order No.
Escrow or Loan No.
MAil TAX STATEMENTS AS DIRECTED ABOVE
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CITY OF ARCADIA
700
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AND WHEN RECORDED MAIL TO
Ham_
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City of Arcadia,
P.O. Box 60,
Arcadia, Calif.
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Engineering
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RECOROED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY, CALIF.
R SECURITY TITLE INSURANCE co.
DEe 24 1971 AT 8:01 A.M.
Registrar.Recorder
St,..t
Addr...
City &
Stote
91006
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TITLE ORDER NO.
TITLE OFFICER
SPACE ABOVE THIS LINE FOR RECORDER'S USE
TO"31 1 C
PARTIAL RECONVEYANCE
FREE 1 E
TITLE INSURANCE AND TRUST COMPANY, a corporation, of Los Angeles, California, as duly
appointed Trustee under the Deed of Trust hereinafter referred to, having received from Beneficiary thereunder
a written request to reconvey, in accordance with the terms of said Deed of Trust, all estate now held by said
Trustee under said Deed of Trust in and to the hereinafter described property, said Beneficiary having presented
said Deed of Trust and note or notes secured thereby for lndorsement-said Deed of Trust having been executed
by
RF.NNY JOSEPH AND PAULA J.
and recorded in the Official Records of
JOSEPH
Los An~s
, Trustor,
County, California, as follows:
Date .T1l1 ~r 1 h, 1971 .s Instr. No. 1 004 in Book T71 1 0 Page 795 i
Now, Therefore, in accordance with said request and the provisions of said Deed of Trust, TITLE
INSURANCE AND TRUST COMPANY, as Trustee, does hereby RECONVEY, without warranty, to THE
PERSON OR PERSONS LEGALLY ENTITLED THERETO, all eslate now held by it thereunder in and to that
property situated in said county, state of California, described as fonows:
The westerly 10 feet of Lot 2 of Block 83 of Arcadia Santa
Anita Tract, in the City of Arcadia, as per map recorded in
Book 15, Pages 89 and 90 of Miscellaneous Records of said
County.
Free recording requested under
Go.. Code 6103. Document
necessary due to City acquiring
. ti tle.
The remaIning property described in said Deed of Trust shall continue to be held by said Truslee under
the terms thereof. As provided in said Deed of Trust, this Partial Reconveyance is made without affecting the
personal liability of any person for payment of the indebtedness secured by said Deed of Trust.
In Witness Whereof, TITLE INSURANCE AND TRUST COMPANY, as Trustee, has caused its
corporate name and seal to be hereto affixed by its Assistant Secretary, thereunto duly authorized.
Dated November 8. 1971
R-335957
By
STATE OF CALIFORNIA. }
COUNTY OF Los Angeles 55.
0,. November 8. lq71 before me, the undersigned, a Notary Public in and for said State,
personally appeare,1 R. E. Mere r known to me to be an Assistant Secretary of "-.J
TITLE INSURANCE AND TRUST COMPANY. the corporation that executed the foregoing instrument as such Trustee, and 0
known to me to be the person who executed said instrument on behalf of the corporation therein named, and acknowledged to <:::>
me that such corporation executed the same as such Trustee.
WITNESS ~ ollicial seal. . ;Q
SignatUT"> - ~ ' -) Q ~~}
ornClA1. S91-
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'. ~'~ PRINCiP.,,-L OFfICE ltt
, , ;'~, LOS ANGELES couN'f't
My Commission Expires Jan. 9, 1974
(Thi~ area for official ~"tarlal ~'all
())
Name (Typed or Printed)
"} tr?J 3 7/'..3
MARK H. BL.OODGOOD
AUDITOR.CONTR01.1.ER
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR.CONTROllER
1153 HAL.L. OF ADMINISTRATION
L.OS ANGEL.ES. CAL.IFORNIA 90012
62B~3611
December 4, 1972
City of Arcadia
250 West Huntington Drive
Arcadia, California 9006
Attention: Robert D. Ogle, City Attorney
Re: First Avenue
Parcel No. 14
Gentlemen:
Pursuant to your letter dated January 11, 1972,
taxes have been cancelled in accordance with SAction
4986 of the Revenue and Taxation Code. Tb~s cancel-
lation was ordered by the Honorable Board "f Super-
visors April 18, 1972, by Authorization No. 27982.
Very truly yours,
MARK H. BLOODGOOD, Auditor-C<>ntroller
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By Edward Guerrero, Chi"f, Tax Division
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Tax Div. #C-11 8/72
12/),1:./
ROBERT A. GILL.
CHIEP DIEPUTY
E. GUERRERO
CHIE.... TAX DIVISION
RECEIVED
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G iSn
CITY Of J-It,rt....Au:.....
ern: ATT.ORNE't:
January 11, 1972
Mr. Mark H. Bloodgood, Auditor-Controller
500 West TOQple Streot, Room 153
Los Angeles, California 90012
Attention: Tax Cancellation Section
Dear Mr. Bloodgood:
Subject:
Request for Cancellation of Taxes
First Avenue Parcel No. 14
Plesse cuncel as of the date of recording all taxes
on the property described in the enclosed copy of deed.
This property is part of a larger parcel acquired for
street widening purposes. There 1s no building on it.
Very truly yours,
ROBERT D. OGLE
City Attorney
RDO:at
Enclosure /
cc I City Clerk V
Benny and Paula J. Joseph
CONDITIONS
AND STIPULATIONS
1. Definition of Terms
The {ollowing termS when used in this
policy mean:
(8) "land": the land described, spe-
cifically or by reference, in Schedule A
and improvements affixed thereto which by
law constitute real property;
(b) "public records": those records
which impart constructive notice of mal-
ters relating to said land;
(c) "knowledge": actual knowledge,
not constructive knowled~e or notice which
may he imputed to the Insured by reason
of any public records;
(d) "date": the etfecti\'e date;
(e) "mortgage": mortgage, deed of
trust, trust deed, or other security instru-
ments; and
(0 "insured": the party or parties
named as Insured, and if the owner of
the indehtedness secured by a mortgage
shown in Schedule B is named as an
Insured in Schedul6 A, the Insured shall
include (I) each s\lccessor in interest in
ownership of such indebtedness, (2) any
such owner who acquires the estate or
interest referred to in this policy by fore-
closure, trustee's sale, or other legal man-
ner in satisfaction of said indebtedness.
and (3) any federal agency or instrumen-
tality which is an insurer or guarantor
under an insurance contract or ~uaranty
insurin~ or ~uaranteeing said indebtedness,
or any part thereof, whether named as
an Insured herein or not, subject other-
wise to the provisions hereof.
2. Benefits after Acquisition of Title
If an insured owner of the indebtedness
secured by a mortgage described in Sched,
ule B acquires said estate or interest, or
any part thereof, by foreclosure, trustee's
sale or other legal manner in satisfaction
of said indebtedness, or any part thereof,
or if a federal agency or instrumentality
acquires suid estattl or interest, or any
part thereof, as a consequence of an in-
surance contract or guaranty insuring or
guaranteein~ the indebtedness secured by
a mortgage co\'ered by this policy, or any
part thereof, this policy shall continue in
force in favor of such Insured, ag:ency or
instrumentality, subject to. all of the con-
ditions and stipulations hereof.
3, Exclusions from the Coverage of
this Policy
This policy does flot insure against loss
or dumag:e by reason of the following:
(a) Any law, Drdinance or govern-
mental regulation (including hut not limo
ited to building and zoning ordinances)
restricting or regulating or prohibiling the
occupancy, use or enjoymenl of the land,
or regulating the character, dimensions, or
location of uny improvement now or here-
after erected on said land, or prohibiting
a separation in ownership or a reduction
in the dimensions or area of any lot or
parcel of land.
(h) Governmental rights of pol~ce
power or eminent domain unless notlce
of the exercise of such rights appears in
the puhlic records at the date hereof.
(c) Tille to any property beyond the
lines of the land expressly described in
Schedule A, or title to streets, roads,
avenues, lanes, ways Or waterways on
which such land abuts, or the right to
maintain therein vaults, tunnels, ramps or
any other structure or improvement: or
any rights or easements therein unless this
policy specifically provides that such
property, rights or easements are insured,
except that if the land abuts upon one or
more physically open streets or highways
this policy insures the ordinary rights of
almttinp; owners for access to one of such
streets or highways, unless otherwise ex.
cepted or excluded herein.
(d) Defects, liens, encumbrances. ad.
verse claims against the title as insured or
other matters (1) created, suffered, as.
sumed or agreed to by the Insured claim-
ing loss or damage; or (2) known to the
Insured Claimant either at the date of this
policy or at the date such Insured Claim-
ant acquired an estate or interest insured
by this poliey and not shown by the puhlic
records, unle~s disclosure thereof in writ-
ing by the Insured shall have heen made
to the Company prior to the dale of Ihis
policy: or (~) resultin~ in no loss to the
Insured Claimant: or' (4) attaching or
created suhsequent to the date hereof.
(e) Loss or damage which would not
have been sustained if the Insured were
a purchaser or encumbrancer for value
without knowledge.
(0 Any "consumer credit protection",
"truth in lending" or similar law.
4. Defense and Prosecution of Ac-
tions - Notice of Claim to be Gh'en
by the Insured
(a) The Company, at its own cost and
without undue delay shall provide (1) for
the defense of the Insured in all litigation
consisting of actions or proceedings com.
cenced against the Insured, or defenses,
restrnining orders, or injunctions inter-
po!>ed against a foreclosure or sale of the
mortgage and indebtedness covered by this
policy or a sule of the estate or interest
in said land; or (2) for such action as
may be appropriate to establish the title
of the estate or interest or the lien of the
mortg:age as insured, which litigation or
action in any of such events is founded
upon an alleged defect, lien or encum.
brance insured against by this policy, and
may pursue any litigation to final determ.
ination in the court of last resort.
(b) In case any such action or pro.
ceeding shall be begun, or defense inter-
posed, or in case knowledge shall come to
the Ihsured of any claims of litle or in.
terest which is adverse to the title of the
estate or interest or lien of the mortp;uge
as insured, or which might cause loss or
damage for which the Company shall or
may he liable hy virtue of this policy, or
if the Insured shull in good faith contract
to sell the indehtedness secured hy 0 mort.
gage covered hy this policy, or, if an
Insured in good fuith leases or contracts
10 sell, lea~e or morlgoge the same, or if
the successful hidder at a foreclosure
sale under a mortgage covered hy this
policy refuses to pUlchase and in any
such event the title to said estate or ill'
terest is I ejected us unmarketahle, the
Insured shall notify the Company thereof
in writin~, If such notice shall not be
~iven to the Company wilhin ten Jays of
the receipt of process or pleadinf!;s or if
the Insured shall not, in wrilinf!;, prompt:y
notify the Company of any defect, lien
or encumbrance insured af!;ainst whic-h
shall come to the knowled~e of the In.
sured, or if the Insured shall nOI, in
writing, promptly notify the Company of
any such rejection hy reason of claimed
unmarketahility of title, then all liaJ)ility
of the Com puny in regard to the suhject
matter of such action, proceeding or
matter shall cease and terminate: pro-
vided, however, that failure to notih.
shall in no case prejudice the claim o'f
any Insured unless the Com puny shall
he actually prejudiced hy such foilun:
and then only to the exlent of snch
prejudice.
(e) The Company shall have the right
at its own cost to institute and prosecute
any action or proceeding or do any other
act whIch in its opinion may he necessary
or desirable to estahlish the title of the
estate or interest or the lien of the morl-
gage as insured: and the Company may
take any appropriate action under the
terms of this policy whether or 1I0t it
shall he liahle thereunder and shall nol
thereby concede liability or wai\'t~ any
provision of this policy.
(d) III all cuses where this policy
permits or requires the Company to pros.
ecJlte or provide for the defense of any
action or proceeding, the Insured shall
secure to it the right to so prosecute or
provide defense in such action or pro-
ceedinp;, and all up peals therein, and per.
mit it to use, at its option, the name of
the Insured for such purpose, Whenever
(Conditions and Stipulations Continued and Concluded on Last Page of This Policy)
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CLTA-1963
AMENDED 1969
STANDARD COVERAGE
POLICY OF TITLE INSURANCE
issued hy
SECURITY TITLE INSURANCE COMPANY
Security Title Insurance Company, a California corporation, herein called the Company, for a valuable
consideration paid for this policy, the number, the effective date, and amount of which are shown in
Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal
representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolo
idation, against loss or damage not exceeding the amount stated in Schedule A, together with costs,
attorneys' fees and expenses which the Company may become obligated to pay as provided in the
Conditions and Stipulations hereof, which the Insured shall sustain by reason of:
1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the
land described or referred to in Schedule A, existing at the date hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations;
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2. Unmarketability of such title; or
3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the
owner of which is named as an Insured in Schedule A, hut only insofar as such defect affects the
lien or charge of said mortgage upon the estate or interest referred to in this policy; or
4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred
to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage
being shown in Schedule B in the order of its priority;
all subject, however, to the provisions of Schedules A and R and to the Conditions and Stipulations
hereto annexed.
In Witness Whereof, Security Title Insurance Company has caused its corporate name and seal to be
hereunto affix~d by its duly authorized officers on the date shown in Schedule A.
&~<L ~.
Secretary
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An Authorized
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P.219 (G S.) .5-',",0 I...",.rte. c....PMY of ......."u. "-11111_ T,.*",-", _
Standard Coverage Polley t d"rm
Copyright 1963
SCHEDULE A
Effective
Date:
Amount of liability: S 2,000.00
December 24, 1971 at 8:01 A.M.
Policy No:
Premium S
7003783
40.00
INSURED
CITY OF ARCADIA,
a Municipal Corporation
1. The estate or interest in the land described or referred to III this schedule covered by this policy IS:
A fee
2. Tille to the estate or interest covered by this policy at the date hereof is ve~ted in:
CITY OF ARCADIA I
a Municipal Corporation
:1. The land referred 10 in this policy is situated in the Slale of California. County of
and is described as follows:
Los Angeles
The Westerly 10 feet of Lot 2 of Block 83 of Arcadia Santa
Anita Tract, in the City of Arcadia, as per map recorded in
Book 15, Pages 89 and 90 of Miscellaneous Records of said
Coun ty.
.
Copy-r~ghl 1963 ."
SCHEDULE R
This policy does nol insure against )Oi''' or damage by rea:-on of lhe following:
PAIlT I
1. Taxes or assessments which are not shown as e:\J~tlll~ liell~ hy the records of any (uxint! uuthority that levies
laxes or assessments on real property or by the puhlic records.
2. Any faels, rights, inlere~ts. or claims \\ hich are nol sho\\ n hy the public record~ but \\ hich coult) he as('erlained
hy an inspection of said land or by making inquiry of persons in possession thereof.
;-L Easements. claims of easement or encumbrances whil'h are not ~howll hy the public record~.
.1. Discrepancies, conflicts in boundary lines. ~horla~e ill area. cnt'loachmenb.. or allY olher fact:, which a correct
SUf\'CY would disclose, and which are not ~howll by the puhli(' rccord....
5. Unpatented mining claims; rc:,er\'ations or e:\ceptiolls ill patl'nt:- or ill At'/:. authorizing the i:-::-lIallce thereof;
water rights. claims or title to waleI'.
PAIlT II
1. General and special County and City taxes for the fiscal
year 1971-1972 including personal property taxes, if any:
Total $590.83
First installment 295.42
Personal property taxes: None
Penalty 17.72
Second installment 295.41
Affects this and other property
.
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bloc ks 81 and 83
AQCAD/A
book 15 Paqes 89 and 90 of Misc. Rec.
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THIS IS NOT A SURVEY OF THE LAND RuT IS CO.',lPILED FOR INFORMATION ONL y FROM D~TA SHOWN BY OFFICIAL RECORDS.
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CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
requested by the Company the Insured
shall give the Co~pany all rea~onab~e
aid in any' such actIOn or proceedmg, In
effecting settlement, securing evidence,
ohtaining witnesses, or prosecuting or de-
fending stich action or proceeding, and
the Company shall reimburse the Insured
for any ex(lense so incurred.
5. Notice of Loss - Limitation of
Action
In addition to the notices required under
paragraph 4(b), a statement in writing
of any 10$5 or dama~e ~or which it !S
claimed the Company IS hable under thiS
policy shaIl he furnished to the Company
within sixty days after such loss or dam-
age shall have heen determined and no
right of action shall accrue to the Insured
under this poticy until thirty days after
such statement shall have been furnished
and no recovery shall be had hy the In-
sured under this policy unless action shall
he commenced thereon within five years
after expiration of said thirty day period.
Failure to furnish such statement of loss
or dllmllj:e. or to commence such action
within the time hereinbefore specified,
shall he a ('onclusi\'e har against main-
tenance b)' the Insured of any action
under this policy.
6. OptiOl' to Pay, Settle or Compro.-
mise Claims
The Conlpany shall have the option to
payor settle or compromise for or in the
name of the Insured any claim insured
against or to pay the full amount of this
policy, or, in case loss is claimed under
this policy hy the owner of the indebted.
ness secured hy a mortgage covered by
this policy, the Company shall have the
option to purchase said indebtedness: such
purchase, payment or tender of payment
of the full amount of this policy, together
with all I~Osts, attorneys' fees and ex.
penses which the Company is obligated
hereunder to pay, shall terminate aIt
liability of the Company hereunder. In
the event, after notice of claim has heen
p:iven to the Company by the Insured, the
Company offers to purchase said indebt.
edness the owner of such indebtedness
shall t~ansfer and assign said indehtedness
and the mortp:ap:e securing the same to the
Company opon payment of the purchase
price.
7, Pnymc.nt of Lo88
(a) The Liability of the Company
under this policy shall in no case exceed,
in all, the actual loss of the Insured and
costs and l'ttomeys' fees which the Com-
pany may he ohli~ated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against hy this policy,
all costs imposed upon the Insured in
litigation carried on by the Company for
the Insured, and all costs and attorneys'
fees in litigation carried on by the Insured
P.218 (G,S,)
with the written authorization of the
Company.
(c) No claim for damages shall arise
or be maintainable under this policy (l)
if the Company, after having received
notice of an alleged defect, lien or encum.
brance not excepted or excluded here-
in removes such defect, lien or encum-
brance within a reasonable time after
receipt of such notice, or (2) for liability
voluntarily assumed by the lnsured in
settling any claim or suit without written
consent of the Company, or (3) in the
event the title is rejected as unmarketable
because of a defect, lien or encumbrance
not excepted or excluded in this policy,
until there has been a final determination
hy a court of competent jurisdiction sus-
taining such rejection.
(d) All payments under this policy,
except payments made for costs, attorneys'
fees and expenses, shaH reduce the amount
of the insurance pro tanto and no payment
shall be made without producing this
policy for endorsement of such payment
unless the policy be lost or destroyed, in
which case proof of such toss or destruc.
tion shall be furnished to the satisfaction
of the Company: provided, howe\'er. if
the owner of an indebtedness secured by
a mortgage shown in Schedule B is an
Insured herein then such payments shall
not reduce pro tanto the amollnt of the
insurance afforded hereunder as to su('h
Insured, except to the extent that such
payments reduce the amount of the in-
debtedness secured by such mortp;age.
Payment in full hy any person or voluntary
satisfaction or release by the Insured of
a mortgage covered by this policy shall
terminate all liability of the Company to
the insured owner of the indehtedness
secured by such mortgage, except as pro.
vided in paragraph 2 hereof.
(e) When liability has been definitely
fixed in accordance with the conditions
of this policy the loss or damage shall be
payable within thirty days thereafter.
8. Liability Noncumulative
It is expressly understood that the
amount of this policy is reduced hy an)'
amount the Company may pay under any
policy insuring the validity or priority of
any mortj!age shown or referred to in
Schedule B hereof or any mortgage here.
aher executed by the Insured which is
a ('harge or lien on the estate or interest
described or referred to in Schedule A,
and the amount so paid shall he deemed
a payment to the Insured under this policy.
The provisions of this paragraph num.
hered 8 shall not apply to an Insured
owner of an indebtedness secured by a
mortgage shown in Schedule B unless
such Insured acquires title to said estate
or interest in satisfaction of said indebt.
edness or any part thereof.
9. Subrogation upon Payment or
Settlement
Whenever the Company shall have
settled a claim under this policy, all right
of subrogation shall ,'est in the Compan)'
unaffected by any act of the Insured, and
it shall be subrogated to and be entitled
to all rights and remedies which the
Insured would have had against any person
or property in respect to such claim had
this poticy not been issued. If the pay-
ment does not cover the loss of the In-
sllred, the 'Company shall be subrogated to
such rights and remedies in the proportion
which said payment bears to the amount
of said loss. If loss should result from
any act of the Insured, such act shall
not void this policy, but the Company, in
that event, shall be required to pay only
that part of any losses insured against
hereunder which shall exceed the amount,
if any, lost to the Company by reason of
the impairment of the right of subrogation.
The Insured, if requested by the Company,
shall transfer to the Company all rights
and remedies against any person or prop.
ert)' necessary in order to perfect such
rip:ht of suhrogation, and shall permit
the Company to use the name of the
Insured in an)' transaction or litigation
in\'olving such rights or remedies.
If the Insured is the owner of the in-
dehtedness secured by a mortgage covered
by this policy, such Insured may release
or substitute the personal liability of an)'
dehtor or guarantor, or extend or other.
wise modify the terms of payment. or
release a portion of the estate or interest
from the lien of the mortgage, or release
any collateral security for the indehted-
ness, provided such act does not re3ult
in an)' loss of priority of the lien of the
mortJ!age.
10. Policy Entire Contract
Any action or actions or rights of action
that the Insured may have or may bring
against the Company arising out of the
status of the lien of the mortgage covered
by this policy or the title of the estate or
interest insured herein must be based on
the prm'isions of this policy.
No provision or condition of this policy
can he waived or changed except by
writinj: endorsed hereon or attached here.
to signed hy the President, a Vice Pres.
ident, the Secretary, an Assistant Secre-
tary or other validating officer of the Com-
pan)'.
II. Notices, Where Sent
All notices required to he given the
Company and an)' statement in wntlnj:
required to he furnished the Company
shall he addressed to it at the office which
issued this polic)' or to it,. Home Ollil'e.
13640 Roscoe Boulevard, Panorama Cit)'.
California 91409.
12. THE PREMIUM SPEUFIED II'
S!:HEDUI.E A IS THE EI'TIRE
!:HARGE .'OR TITLE SEARCH,
TITI.E EXAMINATION AI'D TITLE
INSURANCE.