HomeMy WebLinkAboutD-1836
STATE OF CALIFORNIA I
City and COU71ty of San Francisco S 55.
,'" On this Z'N')). day of #JAin the year One Thollsand Nine Hundred and seven~
before me, ROBT. ]. BUSHNER. a Notary ubUe in and for the City and County of Sau Francisco, Slate of Cali/omia, personally appeared
(One Market St.) L. E. Hoyt and R. W. Humphrey, known to me to be the Vice President and Assistant Secre-
tary. respectivel)'. of the corporation described in arId that executed the within instrument,
arid also knowu to me to be the persOTls who executed it on behalf of the corporation therein
named and they ack'lOwledged to me that such corporation executed the same.
,"
.'
,.'.
~
,
ROB' J. BUlli'1N~R
NOTARY L ~~A~,<I~;etu\II~~~.N,~A
PR1NC~~:y AND COUNTY 0'
!IAN FRANCISCO \1. \974
My commllllon tlp\r.. ~1l\" .
e
.
\
;,
Corporation
, ~
My COIHmi!>Sion ExpiJes July II. 1974
hereuntu set my hand and affixed my official seal
Francis 0, Ole day and year in this certificate first
,
~.:r
Counly of San Francisco, State of California.
...j
N
CJ1
,
,
,
CERTIFICATE OF ACCEPTANCE
BK05-436pc549
This is to certify that the interest in real property conveyed or transferred
i: to the City of Arcadia, a municipal corporation, by the deed, grant, conveyance
or instrument dated March l5, 1972 , from or executed
by Southern Pacific Transportation Company , 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 2l, 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
authori d.officers.
,
.',
,
{-
".~/!~
City Engineer
is hereby approved as to form.
~~~
-.1
~
~
:_J-:~...r_"IA"Y TRAH::'rE\( TAX $....mN.!.~........O~lljt
~ COMPUTED ON FULL VALUE OF PROPERTY CONVEYED. OR
o COMPUTED ON FULL VALUE LESS LIENS & ENCUMBRAN. g:
CES REMAINING THEREON AT TIME OF SALE. CJ
,- (2~~~t~;~d:.~!:~-_t~~-~~ .~
o un~~:':a tilt.City Ot....J;t.'::_!,._Il:.d..I.A.............. ."
C"'I
receipt of which is hereby acknowledged, CJ1
~
successor CO
nnn - V~~ - JUVVV/J..-~ - J/~I I~
..
, .
..,.
,\
-. ' -
, mmN P.ECCRtED !(.:I1 TO:,
725
City of Arcadia
240 w. Huntington Drive
Arcadi" California
Attn: Chester N. Howard
FOR A VALUABLE CONSIDERATION,
SOUTHERN PACIFIC TRANSPORTATION COMPANY, a Delaware corporation,
by me~ger to SOUTHERN PACIFIC COMPANY~ formerly known. as PACIFIC ELECTRIC
RAILWAY COMPANY, a corporation organized under the laws of the State of
Delaware, hereby grants to the CITY OF ARCADIA, a Municipal Corporation,
the following described real property in the City of Arcadia, County of
I FREE d-...E I
Los Angeles, State of California:
That portion of Lot 1 in Block 81 of Arcadia Santa Anita
Tract, in the City of Arcadia, County of Los Angeles, State of
California, as shown on map recorded in Book 15, Pages 89 and
90 of Miscellaneous Records, in the office of the County Recorder
of said County, described as follows:
I
Beginning at the southwesterly corner of said Lot 1; thence
northerly along the westerly line of said lot, a distance of
50.00 feet to the northwesterly corner of said lot; thence
easterly along the northerly line of said lot to a line that
is parallel with and distant easterly, 10.00 feet, measured at
~~ght 'angles, from said westerly line of lot 1; thence southerly
along said parallel line to the beginning of a tangent curve
concave northeasterly and having a radius of 10.00 feet, said
curve also being tangent at its easterly terminus to the southerly
line of said lot 1; thence southeasterly along said curve to
$aid easterly terminus; thence westerly along the southerly
line of said lot to the point, of beginning.
Excepting therefrom that portion of said property lying
below a depth of five hundred (500) feet measured vertically
from the contour of the surface thereof; provided, however, that
$aid,grantor, its successors and assigns, shall not have the
right for any and all purposes to enter upon, into or through
the surface or the portion of said property lying above 500 feet,
measured vertically from the contour of the surface of said
property.
,.
.
.,
.
.
'^,
)
Subject to easements, covenants, conditions, 'reservations
and restrictions of record.
IN WITNESS WHEREOF, Grantor has caused these presents to be executed
.
this
/571,
'7ruJr-cP'
, 1972.
day of
"
/*'.
, I
':,"
.
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY. CALIF.
OR SECURITY TITLE INSURANCE co.
APR 24 19n AT 8:01 A.M. By
Registrar.Recorder
'\.
Attest
AssJ.stant
.
;w
)~
>- t
OJ
Z :-
w
t: ~
"
oc u
i5: r
u
';;':
0
;::,
""
a:
u
t1l
U,/
<=l
.,
Free recording requested under
Gov. Code 6103. Document
necessary due to City acqUirinG
ti tle.
-.J
N
CJl
7r}'""c:3 7J>'?
,
"
l!ay 11, 1972
~;r. .~ri;. R. Dloo:1:sood, Au,dito!'-Controller
5eo ::oot Temple 8tr:lot, Roo;n 153
Loa Ar.~olc8, Califo:wic. 90012
Attention:
Ta)~ C[~ncellatlon Section
Subject:
Request for Cc.ncellntion of' ';:'e1:OG
Firot Avenue Pa~ccl ~o. 20
Pl~20c cancol ~c 0; th8 d~tc of 7cco~dinG all tcxoo
on tho ~~o~crty ~eoc?~b~1 in the att3chau CO)Y ot daQu.
~1
Th~ry ~ro~Gr~y 13 ra~t of a lCZ'G3r n~~cel cc~uiro~ f.or.
:;t.!"eet \1i,~enin.3 :rUi:')ocor:. 'I'1"!CZ'::l 18 not ou:!.lai~:; on it.
Very tr~ly youro,
HOlE!, T )). 0(,11.;-3
City Attol:"ncy
1~i;0: at
Enclosure /
cc: City Clerk'-
Southern Pacific
. '
...
MARK H. BLOODGOOD
AUDITOR.CONTR01.LI[R
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
US3 HALL OF ADMINISTRATION
LOS ANGELES. CALIFORNIA 90012
8215.3811
December 4, 1972
City of Arcadia
p. O. Box 60
Arcadia, California 91006
Attention: Robert D. Ogle, City Attorney
Re: First Avenue
Parcel No. 20
Gentlemen:
Pursuant to your letter dated May 11, 1972,
taxes have been cancelled in accordance with SAction
4986 of the Revenue and Taxation Code. This cancel-
lation was ordered by the Honorable Board "f Super-
visors Nov. 30, 1972, by Authorization No. 29169.
Very truly yours,
MARK H. BLOODGOOD, Auditor-C"lntroller
.-, . ... '~".
..-':::>.'( .. '7 '", ~ _'" ......<...1 .. ,,:/, "1. ....L(
By EriwaJ.d Guerrero, Chi"f, Tax Division
EG;MG/tc
~~ -.pCH~f<--'U
'j, (} t I, ~ ~ I, ~acLLCv -S<>-J:<>-.- ~Y-IX..-
Tax Div. #C-11 8/72
/;-/JI(,
ROBERT A. GILL
CHIEP' DEPUTY
E. GUERRERO
CHIEP', TAX DIVISION
RECEIVED
DEe G i972
CITY '-11" J-\n:.....,...t.J.,...,
c::rrt A'M'ORNE;Y,
,
.
.
Hay 9, 1972
Mr. L. l1. Brown
District Maooger Real Estate
Southern Pacific Lond Company
610 South MIlin Street
Los Angeles, Calif. 90014
Dear Hr. Brown:
Arcadia-Keys - 3
In cOlDpl1ance with your request of April 4, 1972
we have listed belOl1 the recordation data on your
Grant Deed Dated March 15, 1972 to the City of
Arcadia, on the following property:
That portion of Lot 1 in Block 81 of Arcadia
Santa Anita Tract, in the City of Arcadia,
County of Lee Anieles, State of California,
as show on map recorded in Book 15, pases 89
and 90 of Miscellaneous Records, in the office
of the County Rocorder of said County. .
\
\
Document No. 725
Book D5436 Page 548
Recordation date, Apdl 24, 1972
'1'h1s is in connection with prgpesed First Avenue
Improvement Project, Santa Clara to Colorado Blvd.,
in the City of Arcadia.
Very truly yours.
CITle OF ARCADIA
Christine Van Maanen
City Clerk
CVM:er
CC-Mr. Chester N. H_rd
Director of Public W~ks
J",~;','r'r.;>"(: h u-..
;'1""\'," " out ern'..-,.c~" ,,'
>.'"~' ' ' ,. ' ""
',;;":,'," .."",'" . ..,' ,........ COtnP<"'Y' ,,;,
" ,,' ",' ",'" ,',:;",'" '
,'\~:,~:!~\",f, ':;, n""~""'" _, ~ ...... -"" "". ;, ";',",,"', .. "~,..,.o'o.. ,.
0' " . " -""" '" ',"'.'- ".',1, .," - 1 ';, ;" ,,' ~.-: ,(' ,I,',
,. ',r. ", ' '
, "" A ",",,<lia""". ,.'" ,)-. ,'., '
"....... ,0" .' . ' ". ,'f""" ,
".....~.."."'-'~'" . ,,,' .\1," ,.,,'" ,..' .,..':,1,"
.,;..",~.;...' " ," . , . ." ,," ,', i " "
',.;iaI.';....O.01.'CT.....G..,......01... i' ,',to il ., 19'1'" I' ~::.. '.;,,' r..c":,.'" ,,'.'}, ".""
" .".' : \ ._ ~f' .';' ," . Jipr , ..,,:.. ,',: ",'" t,,",. ..........."'"
, ,."".. ,,' .1....,' \..b .(,;~.'i-~ .J-"l"", ,...~., \~~. ...,:.,.-.-\,.;;\""" 'I' J;1'1:o~1:o,~,..;.;.:,;
~"", I, "' . "l ' , ,-., !' ' '>, '\ f'" " .,'
,;. .'. _' ,C",,' .,.'.
',7-"" .. ,'" .,." "".',,"~' . ...,.; ,,' .. .'c.... , ,,'. . .,.,0'" 'PR' '6 .0'" ,"
'. ..._" '.,\':" ." .~";:.........",, ..,,'''' "'.,',. :".;,,.,: . ~,,: ,'e'"
'. ., ,....' . '" ." ' " " ,.',"' , _W,..,A ,."
"" .'. " ' ;Yo" '0 :: ,,,..... - -' '
. ",," ,,;i.' ",," .",<! · ,"'..--' ..,'
> ,:> ,;i, ,.: ' · ,,,,: ",;;1 ,'( .'.' :::.;:,,;:;}~.;~:-;':' /' ':' ,'.
", ,",;'" ,.... Ch.ster ~. ....a~~" ",;' ,.. ""1"""""'" "." ',,' ':.." ",.
'i':~ 'i:!i~tti:r~~:'::::~ . '.' '. ': :.'~ ' · .!~;,;tt;%~;::"r~;.';:;i ~'.,.
\. " ,f. d" c'lit .' .' ," ,,",' .' ,,,'" ".." ."...... c,"
'. ....... ,", a om'" . . . ".' '1" ,.,...," .~,,... ,.,,,1,\ \ IiI,)
1 '.,'''''' ".;"" " ,,' "Il-'" ".:' ~.~I'...,il,~~~,',...".','\".'\.,'"':""\~<.,7.i,I,fI'...f\'l~ ,'It,.,.,, ,,,11..
.,.' .' ' .. ..,. .",."" .",," '" "
c"" ',i', ..~r:.... .,,;ia.'" ,.,', ," ." .' '" ""0"":" .:..', . .' ..,
,,' . , .' .....,. .' ....>u.:';>,;.. ;;'. or >::
" t":, . ',. ..f.":to ...t.e.or,.;~....!!"~~,J~,....~~.~j;!,~~:~~"")ii<rr.,. ,"
""..d Fire' . ""nu. 1...0,....,;.~.rOl.et" santa :CI,,,. 'o.I"'~~~~dO
.""...rd. !.n" the City, ,.f....e..i...: . ' ":" '::' ',iV";' " .
" .. ,." .' , ,." "" " """ ", ",' .' " ':':
. ." :" . .nr";;;~. be"",i i.h: ,. f.i~i ...eii~oi, ';'d,' a~....iedg;;.. '. . 'Ii;
or'" 1lO.d...... ..",h 15. 1912; f_ s""th.~ ....,he~r;m~-.': " <.,,,'
""r;t"""" c"""anY "', citY of. '""ea.... .eo"",ri~', .t",,~r,"t 'i"~, :: " J) l' Ct,'
.arti""""lY' ...er,..d ,thOro>""." ' " , ".",,: :," <., "'. fr ~ ~ \
:;':r.tan..~i ":r:;rlij.ilh~~~Ji;';;~~~iht~~1;';,,;; ::w~1, ')
of $1'. ".. 3~..ri...th. .a1"" of the l..d' .,.....""r...." "".,,
e....... .. foro this .... ,s ..",,<de"' . '.,':, ,,:1';[',:> .' .,...' .; '. ,.' . , .
. .' , ," ..,' ..,.,..' ,'.' . "", " ,:-.
.. ' .' ",'",." i. r...:for Y.';" ",,:pay' ..' "".."..ra.".t'"'''' .':' if, ':.' ;,"
""""", ~f '$10': ,,1. n;,<' ,...... 'fO< .h.' , ........ '0'/""';' ~ro,,"-' c',<~ ":
....to' ,.",,1- i. thi.,...ter.." .' .... '" ..' ,..",..' ,..;",.,..,.,' :".'
,:~;,....' . '" .;.' ",' "";';' ' >;; ''-:';' ';',,,, , ' ,;:,:,,:" ,,'; ,;, 'f;':,' (, .,,:, """~ :,"" .
ne...f.",i.h'''' ,",,0"'i'9'oate of thi.'.........o.': " ".'
. h"" '.. i1-'"-l' ' ,,' ,"" ,. ,'" '.,," ,,' ,',' ,....".. ''"'
. .0 ,... _... .,,' "', ",';' Ii>, "" '".', '":''' ,.: " '
'-, ,. ..' 0: ': '\;,:' ;:,2 ~':2; ~;,:::tl: ::'::'
, ' , , ' ;. v,~B" ~~,Yr~t:~::::" "i'
',\ "" ,. "",., ,...... ' ,',0' " '"
,. '" "," .. .",,, ' ' ,
, ;; ",{I'l,..:" ,~.'\'" .',' ",:." '\';\ .,/. ,,;".' -, .
,',,,"'" ..:' "",.",' , ' . 'r"~ ,>" ,.,," , '
,I'U-;-
.1....
> ",'
,
~\- . .'
"
'J ,'1:1,
~.. .' ~;), '.
~ " ; '.-~'l' >
,
"
"\'
,
,(
.'
,I.';
\."
,-
~ ':\.
'I
"
,\ ..' I ;,"~\
"\ _~': <::'~_:, N:;..
~ ;.'.,,-'::1;:' :.;.
'. ,.: '. ," .>,' ;, ,,\,,\. f
'.\ j, '" .0,."..' , ,",::. ''"'-
,'~ /,,1 ,..~: " I" .;.., ".c,.'., " .,' ,~,:".
..' ' ," . ,." " ',' .... .' .,,' "I'
.....:, . :::':,' . "".", ' . . "" . ..' .' ,
, ," ' . ,.' , '. ,'" ,;." .,': \ ' ' '
, 'I . .".' :-. ""t ,; ,..,: I'll, c",~;.,' ':' '.,'~ '..",;';.~'}' l' '(;'7' \'-r...\.' ". ':": ,,~" f,{' J'1$;.t'~-\
.,.".' "".""., ",. ".". "
" ,", ,.0". ' ,." .', ",,-"" ".' ,.".." .,," ',",' ,'"
," ,,' " ", ,. ., c., '" ""';0' ." .,.,.. ,,,,,, "".."-' "'~ ',' ",q.
;: ,",'c, '" .,.' ,.t.',' , "',, ",.,.,'" ".';' .",",;,"""'" ro' ," : ,.,... ..
, , ..".'.< ., f""<:' ,,:' '" ,,~r ,,' ,"~,o".."",,,,,,,.c, ,. I..'''' ,," ",: '
, '..:' ',' ,'" ,':. ,. i ,.,. ,",." ,~".. ,,;\ ",": "., "",' ,i'
."'", "'.' ..,J"" ' ",,,.,,., .,' ,,,"d"'''''''''' "zoo.." ,'"''''
, :' '/','_: ,~,\" ."." '_:...'." I (""",'~"""'''l,'.ir'\''''.~ " I 'f." "
" . "," . ,.d-L .' ~",. "J" ,\_.r'.(l,\,,'_\"l'"'~"'"''''''''''
..,,~,;lo'" il(""".'\'" ','" ." ;.:,' ",>"" t",\"I'f. x'" 1 ';:' ',:R:';'''\,'' ,;",,:
" . _,' "..... I'" ," . ...., '..r.1....'... .'l,"', ""':'~Hl ~-~ .~t.;P""" ~':"~ '~n', 1> \',
.,.:'" V," ,., "",,,~ H""'"'''''' ,,",'''''''''''''' .......
".' ," .' . ,', ' ,"'<' ,.."" ,h "",."," " ,
. '.' _~ " ' J ",.t' ,:,';",':'.c,'''~ .Ii.:.,.,;\i"h':)~;;,,:~;,.',.':.,~',''',f .,:,~:~~
,I
\.
."
\\'-t.' ,
.',' .<t
,', "t~
,
"
, ,
."
." :,~:" 'I,.:">~~'.~~l:'
. .~.. \ ' , ' ,\
/ ": to' ,"'~' l
, ,..J,~ . \ \
.' .' ' \~
'f _, ~'l;:_
. I"'" 3 D
.' '. ~~. '. ' 1'!, \,'
.tl' i:\~'!' ~,l' \.; ~\:!"'C <.
.' '1"',' \ .,' 1 ".f., .',
,,1<. I">
. ,~l, ~ :t,i,:f~':' r
.'
',' 'I,
"'1,'1' \'
.
"
,
~
SeCURITY
TITLE!
~~~
CLTA-1963
AMENDED 1969
STANDARD COVERAGE
POLICY OF TITLE INSURANCE
is!:luecl by
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 consol.
idation, against loss or damage not exceeding the amount stated in Schedule A, together with costs,
attorneys' fees and expenses ,,,,'hich the Company may become ohligated to pay as provided in the
Conditions and Stipulations hereof, which the Insured shall sustain by reason of:
1. Any defect in or lien 01' encumbrance on the title to the estate or interest covered hereby in lhe
land described or referred to in Schedule A, exisling at the date heleof, nol shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations;
or
2. UnmarketllbililY of such title; or
3. Any defeet in the exeeution of any mortJ!a~e shown ill Schedule B securing un indebtedness, lhe
owner of which is named as an Insured in Schedule A, hUl only insofar as sllch defect affects the
lien or charge of said morll!:al!:e upon the estale or interest referred to in thi$ policy; or
4. Priority over said 1lI0rt~age, at the date hereof, of any lien or encumbrance not shown or referred
to in Schedule H, or e,duded from coverage ill the Conditions and Stipulation~, said mortgage
being shown in Schedule B in the order of its priority;
-,
all subject, however, to the pro\'isions of Schedules A and B 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 affixed by its duly authorized officers on the date shown in Schedule A.
~./W~L ~.
Secretary
-_................""',\.\\\\
..?~SUR4 IIII
:'- \........I\(C III
:~"."".e -..~ '1
'::i:::-... -.C'IJ
;;. \\PORA .0'1.
f.=:\~ri:U TEO\:;.~
~_. . II.
~cx:. -.- .-g~
~ . n .J:> i"
'I;.'3"''''AR"H 5 \O;,'il.:~?
~~... II,. ""5
I, 'J' .. .-.. _
IIII\~ c.liiiOv.i\\.~.ff
~~I\\'''',
,.-;
7/7' '- fhx.".._
An Authorized SignuLure
1I1!~
President
P-218 (G.S.) ~ S.I.co (n.~..nce c""",.fty 01 ......,..c.. Aeglll.fed T'.d......k own",
)
CONDITIONS AND STIPULATIONS
1. Definition of Terms
The following terms. when used in this
policy mean:
(a) "land": the land described, spe-
cifically or by reference, in Schedule A
and improvements affixed thereto which by
law constitute real property;
(b) "puhlic records."': those records
which impart constru<;.tive notice of mat-
ters relating to said land:
(c) "knowledge": -tactual knowledge,
not constructive knowledge or notice which
ma)' be imputed to the Insured by rcason
of /lny puhlic records:
(d) '"dute": the effcetive date:
(e) "mortgage"' : mortga~e, deed of
trust, trust deed, or other security instru-
ments; and
(f) "insured": the party or parties
named as Insured, and if the owner of
the indebtedness secured by a Illortgap;e
shown in Schedule B is named as an
Insured in Schedule A, the Insured shull
include (1) each Sllccessor in interest III
ownership of such indebtedness, (2) any
sueh owner who acquires the estate or
interest referred to in this Jlolit.:)' by fOle.
closure, trustee's sale, or other legal man-
ner in sutisfaf'tion of said indt~htedness,
and (3) any federal agency or instrumen-
tality which is an Illsurer or gllarantor
under an insurance contract or guaranty
insurinp; or p;uaranteeinp; said indehtedness,
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 ill~ured owner of the indehtedne...!:
secured by a mortgage described 10 Sched-
ule B acquires said e'-tate or interest, or
any part thereof, hy foreclosure, trustee's
sale or other legal manner in satisfaction
of said indebtedness, or any part thereof,
or if u federal agency or instrumentality
acquires said estate or interest. or any
purt thereof, as a consequence of an in-
suran{'e contract or t!uaranty insuring or
guaranteeing the indehtedness secured hy
a mortga~e covered by this policy, or any
part thereof. this polky shall continue in
force in favor of such Insured. a,:!eney or
instrumentality, suhject to all of the con.
ditions and stipulations hereof.
3. Exclusions from the Cm.erage of
this Policy
This policy does not insure against loss
or damage by reason of the following:
(a) ,Any law, ordinance or govern-
mental regulation (includinp; but not lim"
ited to huilding and zoning ordinances)
restricting or rep;ulatint! or prohibiting the
occupancy, use or enjoyment of the land,
or regulating the character, dimensions, or
location of any improvement now or here"
after erected on said land, or prohibitmg
a separation in ownership or a reduction
in the dimensions or area of any lot or
parcel of land.
(h) Governmental rights of pol!c;e
power or eminent domain unless notIce
of the exercise of such rights appears in
the public reC'ords at the date hereof.
(c) Title to any property heyond 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 rit!ht to
maintain therein vauIts, tunnels, ramps or
any other structure or improvement: or
any rights or casements 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
almtting OWIH~rs for ac;ccss to one of such
streets or highways, unless otherwise ex-
cepted or excluded herein.
(d) Defects, liens. encumhrances. ad.
verse elaillls against the title as insured or
other matters (I) created. suffered, as.
sUllled or agreed to hy the Insured claim.
iug 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 nC'quired an estate or interest insured
by this policy and not shown by the public
records, t1nle~s disclosure thereof in writ.
ing by the Insured shall have been made
to the Company prior to the date of this
policy: or (:H re:'lIltin~ ill no los~ to the
Insured Claimallt: or (4) /luaching or
created l'ubsequellt to the date hereof.
(e) Loss or damage which would not
have heen sustained if the Insured were
a purchaser or ellcumhrancer for value
without knowledge.
(f) Any "COI\~umer cledit protl.etion".
'.truth in lending" or similar law.
4. Defense and Prosecution of Ac.
tions . Notice of Claim to be Given
by the Insured
(n) The Company, at its own cost and
without undue delay shall provide (l) for
the rlefell."e of the Insured III all litigation
consistinJ! of actions or proceedings com.
celH'ed ap:ain~t the Insured, or defenses,
restraining orders. or injunctions inter-
posed against a foredosure or sale of the
mortp:ap:e and indehtedness covered hy this
policy or a sale of the estate or interest
in said land: or (2) for such action as
may be appropriate to estahlish the title
of the estatc or intercl't or the lien of the
mortp:age as insured, which litigation or
action in any of such events is founded
upon an alleged defect, lien or encum.
hrance insured a~ainst by this policy, and
may pursue any litigation to final determ.
ination in the ('ourt of last resort.
(b) In case any such action or pro"
ceeding shall he begun, or defense inter.
posed, or in case knowledge shall come to
the Insllred of aTiY claims of titlc or in-
terest which is adverse to the title of the
estate or interest or lien of the mortp;age
as insured. or which mip:ht cause loss or
damage for which the Company shall or
may be liable by virtue of this policy, or
if the Insured shall in good faith contract
to sell the indehtedness secured by a mort.
gage cO\ered hy this policy, or. if an
Insured in good faith leases or contracts
to sell, lease or mortgage the same, or if
the successful bidder at a foreclosure
sale under a mortgage covered by this
policy refuses to purchase and in any
sllch t:vent the title to said estate or in.
terest is rejected as unmarketahle, the
Insured shall notify the Company thereof
in writing. If such notice shall 1I0t he
given to the Company within ten days of
the receipt of process or pleadings or if
the Insurc:l shall not, in writing, prompt:y
notify the Company of any defect, lien
or en{'umhrance insured ap:ainst which
~hall {'orne to the knowledge of the In-
sured, or if the Insured shall not. in
writinf:!;. promptly notify the Company of
any sllch reje('tioll hy reason of claimed
lllllllurkctability of title. then all liability
of the Company in regard to the subject
matter of such action, proceedinf:!; or
matter shall rease and terminate: pro-
vided. however. that failure to notif\'
shall in 110 case prejudice the claim o"f
any Insured unless the Company shall
he actually prejudiced hy such failure
and then on]\, to the extent of such
prejudice. "
(c) The Company shall have the right
at its own cost to institute and prosecute
any action or pro('eeding or do any other
uct whidl in its opinion may be necessary
or desirable to establish the title of the
c<;tatf: or interest or the lien of the morl-
gage as insured: and the Company may
take any appropriate action under the
terms of thi." policy whether or not it
shall he liable thereunder and shall not
thereby C'oncede liahility or waive any
pl'ovision of this policy.
( d) In all cases where this policy
permits or requires the Company to prc."-
ecute or provide for the defense of any
aC'tion or plOC'cedillg. the In:.ured shnll
secure to it the right to so prosecute or
provide defense in su('h action or pro.
{'ceding, and all appeals 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)
Cahlo-f~ia -~~d--Title Association
Standard Coverage Policy Form
Copynght 1963
SCHEDULE A
Effective
Date:
Amount of liability: S 2, 000 . 00
April 24, 1972 at 8:0l A.M.
Policy No:
Premium S
7003789
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. Title to the estate or interest covered by this policy at the date hereof is vested in:
CITY OF ARCADIA,
a Municipal Corporation
:.t The land referred to in this policy is situated in the State of California, County of Los Angeles
and is described as follows:
That portion of Lot 1 in Block 8l of Arcadia Santa Anita Tract,
in the City of Arcadia, as shown on Map recorded in Book l5,
Pages 89 and 90 of Miscellaneous Records, in the Office of the
County Recorder of said County, described as follows:
Beginning at the Southwesterly corner of said Lot 1; thence
Northerly along the Westerly line of said Lot, a distance of
50.00 feet to the Northwesterly corner of said Lot; thence
Easterly along the Northerly line of said Lot to a line that
is parallel with and distant Easterly, 10.00 feet, measured
at right angles, from said Westerly line of Lot 1; thence
Southerly along said parallel line to the beginning of a
tangent curve concave Northeasterly and having a radius of
lO.OO feet, said curve also being tangent at its Easterly
terminus to the Southerly line of said Lot l; thence South-
easterly along said curve to said Easterly terminus; thence .
Westerly along the Southerly line of said Lot to the point
of beginning.
~u,..u,'"u .............. .ll,t: """U""UIIUU
Standard, Coverage Policy Form
Copynght 1963
SCHEDULE R
This policy doe:-; not insure again~l 10:'" or damH!!e hy rt'a~()n of IIlC following:
PAnT I
1. Ta:-..es or assessments which are nol shown a~ exi~tin~ liell~ hy the rCl'onl:- of all\' ltl\ill~ authority that le\'ic~
tuxes or assessments on real property or by the puhlic rct'ord:-,
2. Any fads. righ!.s, interests, or daims which are 1I0t :-ho\\ II hy thc public records hut \\ hich ('ould he a~('ertaine(1
by un inspection of said land or hy making inquiry of I'cr:-OIIS in po...~e~.-:i(Jll thereof.
;'~. Easements. claims of easement or eIH.:umhranl:es whkh MC nut :-huwlI hy the I'uhlie recoHI:-.
.1. Di~c:repan<:ie~. ('onJliets in houndary linc:-: :-horta~c ill area. t:lll'l'oadllncnl:-. or any other ftlc(:- whidl U l'orrt'cl
;'Uf\'CY would disdose. and which arc not ~ho\\'n lIy the publil' rc{'ord:-.
5. Unpatented mining daims; re~el'\'atiull:- or exception:;. ill palt'llt:- or ill Ad:- authol'iling the i:-:-lJaIl('e thereor:
water righb. claims or title to \\'uter.
PAnT I[
l. General and special taxes for the fiscal year 1972-l973,
a lien not yet payable.
2. A Lease of said land and other property dated November l4.
1962, executed by Pacific Electric Railway Company, as Lessor,
and Marvin Pochter, as Lessee, for the term of 30 years from
February l5, 1963, upon the terms, covenants and conditions
therein provided, recorded February l4. 1963 as Instrument No.
3767 in Book M-1200, Page 655 of Official Records.
An Assignment executed by Marvin Pochter to C. Richard Keys
and Carolyn Ann Keys, husband and wife, as joint tenants, of all
right, title and interest in and to the above lease, was
recorded October l3, 1964 as Instrument No. 5642 in Book M-l644,
Page 794 of Official Records.
3. A deed of trust to secure an indebtedness of $l8,000.00,
and any other amounts as therein provided, recorded
February l4, 1963 as Instrument No. 3769, in Book T-2848. Page
567 of Official Records
Dated February l. 1963
Trustor Marvin Pochter, a married man
Trustee Reliable Title Company, a corporation
Beneficiary Lincoln Savings and Loan Association,
a corporation
- Continued -
.
F.25((T.s.j
Affects said land and other property.
Said deed of trust was modified to set forth with certainty
the interest covered thereby, by a modification dated April 2,
1963, executed by Marvin Pochter, a married man, and Lincoln
Savings and Loan Association, a corporation, recorded April l8,
1963 as Instrument No. 2540, in Book T-2963, Page 956 of Official
Records.
4. A deed of trust to secure an indebtedness of $4,652.88,
and any other amounts as therein provided, recorded
September 29, 1969 as Instrument No. 674, in Book T-637l,
Page 57 of Official Records.
Dated September l5, 1969
Trustor C. Richard Keys and Carolyn Ann Keys,
husband and wife
Trustee Bank of America National Trust and Savings
Association, a national banking association
Beneficiary Iser Kelman and Ruth Kelman,
husband and wife, as joint tenants.
Affects said land and other property.
.
~ ...
~
J60
~
'"
J
],
]~N
~
~
60
"I
blocks 8/ and 83
AQCADIA
book j5 Paqes .89 and 90 of Mise, Rec,
A/so (BooK 34 paJGs 4/ and 42 or H,:sc, R<c.)
~
lio - Lorena Ave,
COLORADO
/
f)LVD. / (i!
"
'0
'"
'"
I
L_
~
~
\r)
60
P.E,RY.
THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILEO FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
L 1M of Sanla /Indo Wash
" 6 If! "so
~Q 3 Q"i 33
~- 3.f---~~
'" 34 ~8
lOl 145 ,., 50
"
'"
~ 3
~ 2
so 50 50 [30 so 50 50 50 50
32 31 30 29 28 27 26 25 24
,
, "
)I~
...~ 50
';0 50 50 50 50 50 ';0 50
7'
50 ';0 50 50 s'o' 5'0 ';0 50 ';0 50
';0 50 ~6 39 '\~'I' (,f" 60
23 22 " , '"
/4S \ ~-
~ Q 20\ ~
", ~.,~
~~ 1'0' ~
50 ~14; v <fd'~'~~
,
50 '2 /45 /8 ~
~Gi :;;
:a <:l /7"
'" '"
15
';0 C), 145 /6 C),
11/5 ~ 50
1::)",
'"
a~
'<>,
<:l 4 5
C), / 145 '<i SO <0
6 7 8 :9 /0 1/ 12 /3 /4
50 SO SO 50 "0 50 50 50 50
~
LA PORTE:
.5T.
Sl 36 145 ~ 50 50 50 50 50 50 50 50 50 50 50 50 ,,/452 C),
'<\ I
~ 35 ..., 331; 32 31 30 29 28 Z7 26 25 24 23 22 '~ 20 '<)
'" '" "," '<)
34/45 ::; '" ::Q 59.- ~O '" ~/4519 ::::
'" SO'" 50 50 50 50
'" 50 50 50 50 50
'"
'" 3 145..., 50 50 50 5(1 50 I~ 50 50 50 50 50 ':}.,145/8 '<,
'<) ..., '" 50 '<)
"
::Q '~
'<) 2 :g 4 '..., 17 '<)
'<) 5 6 7 8 9 10 /I 12 13 14 /5 '" '"
~ / '" 50 '50 50 I'~ 145 16 '"
145 '" 50 50 50 50 50 50 50 50 50 ...,
'"
'0
Sr.
JOSePh
Sr.
CONDITIONS AND STIPULATIONS (Conlinued and Concluded From Reverse Side of Policy Face)
requested by the Company the Insured
shall give the Company all reasonable
aid in any such action or proceeding, in
effecting settlement, securing evidence,
obtaining witnesses, or prosecuting or de-
fending such action or proceeding, and
the Company sho.ll reimburse the Insured
for any expense 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 loss or damage for which it is
claimed the Company is liable under this
policy shall be furnished to the Company
within sixty days after such loss or dam-
age shall have been determined and no
right of action shall accrue to the Insured
under this policy until thirty days after
such statement shall have heen 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 damage, or to commence such ad ion
within the time hereinbefore specified,
shall he a conclusive har against main.
tenance by the Insured of allY action
under this policy.
6. Option to Pay, Seule or Compro-
mise Claims
The Company 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 indehted-
ness secured by a mortgage covered by
this polic}', the Company shall have the
option to purchnse said indebtedness; such
purchnse. poyment or tender of payment
of the full omount of this policy, together
with nIl I':Ost5. attorneys' fees nnd ex-
penses which the Company is obligated
hereunder to pay, shall terminate nil
linbility of the Company hereunder. In
the event, after notice of claim has been
j:!:iven to the Company by the Insured, the
Company offers to purchase said indebt.
edness, the owner of such indebtedness
shall transfer and assip:n said indebtedness
and the mortgage securing the snme to the
Compnny upon payment of the purchase
price.
7. Payment of Loss
(a) The Linbility of the Company
under this policy shall in no case exceed,
in 011, the actual loss of the Insured nnd
costs and attorneys' fees which the Com.
pany may he obligated hereunder to pay.
(h) The Company will pny, in addition
to any loss insured against by this policy,
all costs imposed upon the Insured in
litigation carried on hy the Company for
the Insured, and all costs and attorneys'
fees in litigation carried on by the Insured
P-218 IG,5,)
with the written authorizntion of the
Company.
(e) No claim for damages shall arise
or be maintainable under this policy (1)
if the Compnny, nfter having received
notice of an alleged defect, lien or encum.
hrnnce not excepted or excluded here.
in removes such defect, lien or encum.
brnnce within a reasonable time after
receipt of such notice, or (2) for liability
\'o\untarily nssumed by the Insured 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, shall reduce the amount
of the insurance pro tanto and no payment
shall he made without producinj:l: this
policy for endorsement of such payment
unless the policy be lost or destroyed, in
which case proof of such loss 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 shnll
not reduce pro tanto the amount of the
insurance afforded hereunder as to such
Insured. except to the extent that such
payments reduce the amount of the in-
debtedness secured by such mortgage.
Pa}'ment in full by any person or voluntary
satisfaction or release by the Insured of
a mortp:age covered by this policy shall
terminate all liability of the Compnny to
the insured owner of the indehtedness
secured by such mortgage, except as pro.
vided in paragraph 2 hereof.
(e) When liability hns been definitely
fixed in accordance with the conditions
of this policy the loss or damage shall he
payable within thirty days thereafter.
8. Liability Noncumulative
It is expressly understood that the
nmount of this policy is reduced by any
amount the Company may pay under any
policy insuring' the validity or priority of
any mort~age shown or referred to in
Schedule B hereof or any mortgap:e here-
after executed by the Insured 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 to the Insured under this policy.
The provisions of this paragraph num.
bered 8 shall not apply to an Insured
owner of an indebtedness secured by II
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
Senlement
Whenever the Company shall have
settled a clnim under this policy, all right
of subrogation shnll vest in the Compnny
unaffected by any act of the Ins.ured, and
it shall be suhrogated to and he entitled
to all rights and remedies whIch the
Insured would have had ap:3inst any person
or property in respect to such claim had
this policy not been issued. If the pa)'.
ment does not co\'er the loss of the In-
sured. the Company shall be subro~ated to
such rights and remedies in the proportion
which snld payment hears to the amount
of said loss. If loss should result from
any act of the Insured, such net 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 renson of
the impnirment of the right of subrogation.
The Insured, if requested by the Company,
shall transfer to the Company 011 rights
and remedies ng:ninst any person or prop-
erty necessary in order to perfeet such
ri~ht of subrogation. and shall permit
the Company to use the name of the
Insured in any transaction or Iitillation
involving such rij:!:hts or remedies.
If the Insured is the owner of the in-
debtedness secured by n mortga~e covered
by this policy, such Insured may release
or suhstitute the personal liability of nny
debtor or ~uarantor, or extend or other.
wise modify the terms of payment. or
release a portion of the estate or interest
from the lien of the mortp:age, or release
any collateral security for the indebted-
ness, provided such al't does not re3uh
in an)' loss of priority of the lien of the
mortj!:n~e.
10. Policy Entire Contract
Any action or actions or rights of action
that the Insured may have or may bring
ap:ainst the Company arisinf.!; out of the
status of the lien of the mortgage covered
hy this policy or the title of the estate or
interest insured herein must be based on
the prO\'isions of this policy.
No provision or condition of this policy
can he waived or chnnged except by
writin~ endorsed hereon or attached here-
to signed by the President, a Vice Pres-
ident, the Secretary, an Assistant Secre-
tary or other validating officer of the Com-
pany.
II. Noticel:l, Where Senl
All notices required to he given the
Compan}' and any statement in writing
required to be furnished the Compnny
shall be addressed to it at the office which
issued this policy or to its Home Office,
13640 Roscoe Boulevard, Panorama City,
California 91409.
12. THE PREMIUM SPECIFIED IN
SCHEDULE A IS THE ENTIRE
CHARGE FOR TITLE SEARCH.
TITLE EXAMINATION AND TITLE
INSURANCE.
~
BIlc;URITY
TlTLIl
Va
~
~
CLTA-1963
AMENDED 1969
STANDARD COVERAGE
POLICY OF TITLE INSURANCE
issued by
SECURITY TITLE INSURANCE COMPANY
Security Title Insurance Company, a California corporation, herein called the Company, for n 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 consol.
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 descrihed or referred to in Schedule A, existing at the date heleof, not shown or referred to
in Schedule B or excluded from co,.erage in Schedule B or in the Conditions and Stipulations;
or
2. Unmllrketability of such title: or
3. Any defect in the execution of any mortJ!aJ!e 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 mort~af:!;e upon the estate or interest referred to in this policy; or
4. Priority over said mortf:!;age. at the date hereof. of an)' lien or encumhrance not shown or referred
to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage
heing shown in Schedule B in the order of its priority;
nil subject, however, to the provisions of Schedules A and B 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 allixed by its duly authorized officers on the date shown in Schedule A,
~/W~.. ~.
~......,""'\\\\\
..,.-o-~SUR4 I'll
:\. '.........1\1,.. 't,
:~ ,. ..~I' I,
?~... -..e/,
~~ l,\\'\,\\\\PORA TED~~~
~::: ~7~
%:-- --- ...,,~
~_. ~ .>~
~:;)\"'ARGH 5 \~r,'1""':::
1~. " .~:;
'/......-1'\.. .- ,,-:;:
11J .. . .. -
'f, .. ..........." E
IIII t',fllF0 \\\\'_..,-':
\\\\\.,,""~
JlI.74fr
President
An Authorized Signature
P.218 (G.5.) I8iS.r..oln......ItC.C.....~vof........,u.RegI.,....., l,._~_
CONDITIONS
AND STIPULA.TIONS
of Terms
terms when used in
1. Definition
The following
policy mean:
(a) "land": the land described, spe-
cifically or. by reference, ill Schedule A
and improvements affixed thr:reto which hy
law constiWle real property;
(b) "public records": those records.
which impart constructive TlOtice of mal-
ters relating to said land; ..
(c) "knowledge": -actua.l knowledge,
not constructive knowledge Or notice which
may he imputed to the Insured by reason
of any public records:
(d) "date": the effectiVe date;
(e) "mortgage": mortga.ge. deed of
trust, trust ,deed, or other security instru-
ments; and
(f) "insured": the party or purtles
named as Insured, and If 'the owner of
the indehtedness secured by a mortgage
shown in Schedule R is named as an
Insured in Schedule A, the Insured shull
include (1) each successor in interest ill
ownership of slJch indebtedness, (2) all)'
such owner who acquires the estate or
interest referred to in thiS flOlicy by fore-
closure, trustee's sale, or other le~al man-
ner in satisfaction of said indehtedness,
and (3) any. federal agency or instrumen-
tality which is an insurer or gu.arantor
under an insurance contract or guaranty
insurin~ or ~uaranteeing said indehtedness,
or any part thereof, whether named as
an Insured herem or not, suhject other-
wise to the provisions hereof.
2. Benefits after Acquisition of Title
If an insured owner of the indehtedness
secured by a mortgage described in Sched-
ule B acquires said estate or interest, or
any part thereof, by foreclQsure, trustee's
sale or other legal manner in satisfaction
of said lIldehtedness, or any part thereof,
or if a federal agency or instrumentality
acquires said estate or interest. or any
part thereof, as a consequence of an in-
surance contract or lIuaranty insuring or
guaranteeing the indehtedness secured by
a mortgage covered hy this policy, or any
part thereof, this policy sha.ll continue in
force ill favor of such Insured. agency or
instrumentality, subject to a.1I of tne con-
ditions and stipulations hereof. -
3, Exclusions from the Coverage of
this Policy
This policy does not insure against loss
or damage hy reason of the following:
(a) Any law, ordinance or govern-
mental regulation (includinl:!; but not lim-
ited to ImiIding and zoning ordinances)
restricting, ~r re{!:ulatinl! or llrohibiting the
occupancy, u~~ or enjoymen~ of the Jand,
this
or_ regulating the chara~ter, dimensions, or
location of any 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,
(b) Governmental 'rights of polit.c
power or eminent domain unless notice
of the exercise of such riglits appears ill
the public rec:ords at the date hereof.
(c) Title 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 sllch land abuts, or the right to
maintain therein vaults, tunnels, ramps or
any other structure or improvement: or
any ri~hts or easements therein unless this
policy specifically provides that such
property, rights or casements are insured,
ex/'ept that if the land abuts upon one or
more physically open streets or highways
thi.. policy insures the ordmary rip:hts of
ahuuinp: owners for access to one of such
streets or hil!hways, unless otherwise ex-
cepted or excluded herein,
td) Defects, liens, encumhrances, ad-
verse claims against the title as insured or
other matters (I) created, suffered, as.
sumed or ap:reed to hy 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 policy and not shown by the public
records, unless disclosure thereof in writ-
ing by the Insured shall have been made
to the Company prior to the date of this
policy: or I.,) resulting in no los,;; to the
Insured Claimant: or (4) attaching or
created suhsequent to the date hereof.
(e) Loss or damap:e 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 Given
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 ap:ainst the Insured, or defenses,
restraining orders, or injunctions lIlter-
posed against a foredosure or sale of the
mortgap:e and indehtedness covered by this
policy or a sale of the estate or intelest
in said land; or (2) for such action as
may be appropriate to estahlish the title
of the estate or interest or the lien of the
mortgage us insured, which Iitip:ation or
al':tion in. any of SUell e\'ents IS founded
upon an alleged defect, ,lien or encum-
hrance insured a~ainst by this policy, and
. may pursue any li~igation to final determ.
ination in the cour.t of last resorl.
(b)' In case llny such action or pro-
ceedinp: shall he begun, or defense inter.
posed, or in case knowledge shaJJ come 10
the Insured of ar.y claims of title or in-
terest which is adverse to th'e title of the
estate or interest or lien of the mortgage
as insured, or which might cause loss or
damage for which the Company shall or
may be liable by virtue of this policy, or
if the Insured shall in good faith contract
to sell the indebtedness secured by a mort.
gage co\-ered by this policy, or, if an
Insured in good faith leases or contracts
to sell,' lease or mortgage the same, or if
the su'ccessful bidder at a foreclosure
sale under a mortgage covered by thIS
policy refuses to purchase and in any
such event the title to said estate or in.
terest is rejected as unmarketahle, the
Insured shall notify the Company thereof
in writing, If such notice shall not be
given to the Company within ten days of
the receipt of process or pleadings or if
the Insured shall not, in writing, prompt~y
notify the Company of any defect, lien
or encumbrance insured ap:ainst which
shull come to the knowledge of the In.
sured, or if the Insured shall not, in
writing, promptly notify the Company of
any ,;;uch rejection by reason of claimed
ulllllurketahility of title, then all liability
of the Company in regard to the subje('t
matter of such action, proceeding or
matter shall cease and terminate: pro-
vided, however, that failure to notiCv
shall in no case prejudice the claim o'f
any Insured unless the Company shall
he actually prejudiced hy such failure
and then on I\' to the extent of such
prejudice. '
(c) The Company shall ha\'e the right
at its own cost to institute and prosecute
allY action or proceedinp: or do any other
act .....hich in its opinion may he necessary
or desirable to estahlish the title of the
estate or interest or the lien of the morl-
/!age as insured: and the Company may
take any appropriate action under the
terms of this pohcy .....hether or not it
shall he liahle thereunder and shall not
therehy concede liahility or .....ai\'e any
provision of this policy,
(d) In all cases where this policy
permits or requires the Company to prcs-
eellte or pro\'ide 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 plO-
ceedinp:, and all appeals therein, and pf"r-
mit it to use, at its option, the name of
the In...ured [or such purpose, Whenever
".. - -.
".I'''!,': ...1~:\~;.
(Conditions and Stipulations Continued and Concluded on Last Page of This Policy)
Califorma Land TItle Association
Standard COY8rage Policy form _ oF
Copyright 1963
SCHEDULE A
Effective
Date:
Amount of liability: S 2,,000.00
April 24. 1972 at 8:01 A.M.
Policy No:
Premium S
7003789
40.00
INSURED
CITY OV AaCADIA.
. Municipal Corporation
/,/,....
/{ ,
1. The estate or interest in the land described or referred to in this schC9ule covered by this policy is:
,/
,~
,~~, ,
'^'\ /'
a foe
// ~ "
d: ~/ \\ \
2. Title to the estate or intere~t covered by this poIiCK~a~the d'8.~e hereof is vested in:
~~Ii
CITY 017 ARCADIA.
a Hnniclpal Corporation
~)
':"
k
1/
';,,;,
,
"
'\,~,
"\ ",
3. Tbe land referred to in thi.~olicy is situaled-;~'lbe Slate of California, County of Loa Angal.a
17#~r~
and is described as follo,.~,,(
That portiop~of Lot; 1 in Block 81 of Arcadia Santa Anita Tract"
In the Cit:"~l.. A~~l1dla. a8 shown OU Hap recordad In Book 15.
Pagaa 89 and '-9..Q- 9Y HlacellenaoulI Recorda. in the Offica of tbe
Connty Recorder of said County. deserihed all follovSl
Beginning at the Southweaterly earner of aaid Lot I; thence
Rortherly along the Westerly line of said Lot. a distance of
50.00 feet to the Northwesterly corner of said Lot; thence
Basterl, along the Northerly line of aai4 Lot to a lino that
is parallel with and diatant Baaterly. 10.00 feet. meaaurad
at right angles. from aald Weaterly line of Lot I. thence
Southerly along said parallel lin. to the beginning of a
tBBgent curwe concava Horthea.terly and having a radine of
10.00 f.et. saId curve a1ao beIng tangent at its Kaaterly
ter.inua to the Southerly line of aald Lot 1; thence South-
easterly aloug sa1d curve to aaid Baeterly terainus. thanee
Westerly .long tbe Southerly line of aald Lot to the point
of beglnulng.
.
........H............ ........,... .l.l~ l1.~:'U(;,iJ~
StandarlJl COV,[lfogo Policy form
, COPYright 1963
-:.......-,...-1
'.
SCHEDULE Il
This poliey does not insure against los<; or damage hy reason of tlte following:
PAnT I
1. Taxes. or assessmenb which are not s.howJl as eXI~t!n~ lien:, hy tilt: recurd~ of uny tu\.ill;.! authority that levies
laxes or assessments on real property or hy the public re~ord,::..
2. Any fads, rights, interests. or claims ",hich I.1re 1I0t ~ho\\1l by the publit' re('ord~ hul \\hich could hc us('crtained
hy an in~pedion of said land or hy making inquiry of pcr~olls in pos~e:-sioll thereof.
;-t Easements. claims of casement or cncumhrances whi~h arc lIot :-ho\\'1I hy the public record~.
I. Discrepancies. conflids in hOlllldury line~. :-horta~e ill areu. CIll'IO<lchmCllb, or UlIY other fu('t:- ",hid. 1.1 ('orn~ct
survey would disclose, and which are 1I0t ~ho\\'1l hy lhe puhlit. record..,
5. Unpatented mining dl.1ims; re::.ervation:- or e:\<:eption~ ill patcnb or ill Act:. authorizill:r the 1:-~lIUIll'e thereof;
waler Tights, claim'5 or title \{} waler.
PAIrI' II
1. General and epaclal taxes for the iiecal yaar 1972-1973.
a l~en not yet p.yabla.
2. A Lea.a of aald land and ether proparty dated Moveaber 14.
1962. axecoted by Pacific Electric nailvay Company. aa Le..or.
and HarYla Pochter. 88 Leea.a. for tbe tara of 30 yeere frOB
~ebr.ery IS. 1963. upoa the tera.. covenants and cendltlona
therein preYlded. recorded February 14. 1963 as Xoatrua.nt Ho.
3767 In Book M-1200. Pase 655 of Official aecorda.
An Aaalsnaeat executad by Marvin ~ochter cO C. Richard ~ey.
end Carolyn Ann Xeya. buaband and vtfe. a. joiat teaa.ta. of all
riSht. title aad lntereat In and to che abova leaee. vas
racorded October 13. 1964 a. Ia.trameDt Ko. 5642 in look X-1644.
Pa.e 794 of Official aecords~ '
3. A d.a4 of trUDt co aacura an Indebtaduea. of $18.000,00.
and anJ ether aacenta .. therein proY!ded. recorded ' .
Pabruary 14. 1963 as Inatruaaat No. '769. in look T-2848. Page
567 of Official aacorda .
Data. I Wabruary 1. 1963
Trustor I Harv!. ~ochtar. a aarrled .an
Truat.a I a.llabl. Title Coapany. a corporation
Benaficlary . Ll.col. Savlass and Loan Aa.ocla~lon.
a corporation
- Continued -
.
. F-25(G.S.)
Affeet8 8ald laud and othey ~roperty.
Said dead of trust vas .041f1ed to set forth with certainty
tbe intereat covered thareby. by a _odification dated Apr1l 2.
1963. execnted by Harv1n Pochter. a ..rr1ed man. and Lincoln
Savina_ a.d LoaD Aaeoclatlon. a corporation. recorded Apr1l 18.
1965 as Instruw.ent Ho. 2540. In Book '1'-2963. 'age 956 of Official
llecorele.
4. A 4aed of truat to a.cuye an Indebtadness of $4.652.88.
and any other asounta ae therein proYlded. recorded
Septa.bar 29. 1969 as Inatruacnt Ho. 674. In Book '1'-6371.
pase 57 of Official Recorda.
Dated I Septcabar IS. 1969
'fro. tor I C. Richard ~.Y8 and Carolyn Ann Xeye.
husband and vife
'i'rustee I Bank of Aaerlca Batlonal Truat anel SaviDge
Association. a naclonal bank1ng association
Beneficiary I leer Xel.an and Ruth Kel.an.
busbanel and Wife. a8 joint tauaute.
Affec~8 .aid land and otber property.
- --
.
CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
requested by the Company the Insured
shall give the Company all reasonable
aid in any such action or proceeding, in
effectin~ settlement, securing evidence,
ohtaining witnesses, or prosecuting or de-
fendin~ such action or proceeding, and
the Company shall reimburse the Insured
for any expense so incurred.
5. Notice of Loss - Limitation of
Action
In addition to the notices required under
para~raph 4(b), a statement in writing
of any loss or damage for which it is
claimed the Company is liable under this
policy shllll be furnished to the Company
within sixty days after such loss or dam-
a~e shall have been determined and no
right of action shall accrue to the Insured
under this policy until thirty days after
such statement shall have been furnished
and no recovery shall he had by 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 or loss
or dama~e, or to commence such action
within the time hereinbefore specified,
shall he 11 conclusive har against main-
tenanee by the Insured of any action
under this policy_
6. Option to Pay, Settle or Compro-
mi~e Claims
The Company shall have the option to
payor settle or compromise for or in the
name or the Insured any claim insured
against or to pay the full amount of this
policy, or, in case loss is e1aimed under
this policy hy the owner of the indebted.
ness secured by a mortgage covered by
this policy, the Company shall have the
option to Jlurchase said indebtedness; such
purchase. payment or tender of payment
of the full amount of this policy, to~ether
with all cosl.s. attorneys' fees and ex-
penses which the Company is obligated
hereunder to pay, shall terminate all
liability or the Company hereunder. In
the event, afler notice of claim has been
~iven to the Company by the Insured, the
Company offers to purchase said indeht-
edness. the owner of such indebtedness
shall transfer and assign said indebtedness
and the mortf:!;age securing the same to the
Company upon payment of the purchase
price.
7. Payment of Loss
(8) The Liability or the Company
under this policy shall in no case exceed,
in all, the actual loss or the Insured and
costs and attorneys' fees which the Com.
pany may he ohligated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against by this policy,
all <,osts 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,l
with the written authorization of the
Company.
(c) No claim for damages shall arise
or he maintainable under this policy (1)
ir the Company, after having received
notice or an alleged defect. lien or encum-
brance not excepted or excluded here-
in removes such defect, lien or encum.,
brance within a reasonable time alter
receipt or such novce, or (2) for liability
voluntarily assumed by the Insured in
seuling 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
by a court of competent jurisdiction sus.
taining such rejection.
(d) All payments under this poliC}',
except payments made for costs, allorneys'
fees and expenses, shall reduce the amount
of the insurance pro tanto and no payment
shall he made without producing this
policy for endorsement or such payment
unless the policy be lost or destroyed, in
which case proor of such loss or destruc-
tion shall be furnished to the satisfaction
of the Company; provided. however. 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
insuranee afforded hereunder as to such
Insured, except to the extent that such
payments reduce the alllount of the in-
debtedness secured by such mortAage.
Payment in full by any person or voluntary
satisfaction or release by the Insured or
a mort~age covered by this policy shaJl
terminate all liability of the Company to
the insured owner or the indebtedness
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 1055 or damage shall be
payable within thirty days thereafter.
8. Liability Noncumulative
It is expressly understood that the
amount of this policy is reduced by any
amount the Company may pay under an}'
policy insuring the validity or priority of
any mortgage shown or referred to in
Schedule B hereof or any mortgage here.
alter executed by the Insured 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 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 or said indeht-
edness or any part thereof.
9. Subrogation upon Payment or
Settlement
Whenever the Company shall have
sellled a claim under this policy, all right
of subrogation shall vest in the Company
unaffected by any act of the Insured, and
- it shall he suhrogated 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 policy not been issued. If the pay-
ment does not co\'er the loss of the In-
sured. the Company shall he subrogated to
such rights and remedies in the proportion
which said payment hears to the amount
of said loss. If loss should result from
any aet 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-
erty ne<'essary in order to perfect such
right oC subrogation. and shall permit
the Company to use the name of the
Insured in any transaction or Iitip:ation
involving such rights or remedies.
If the Insured is the owner or the in-
dehtedness secured by a mortgage <'overed
by this policy, such Insured may release
or substitute the personal liability or an}'
dehtor or guarantor, or extend or other-
wise modify the tenns 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 su<,h act does not re.mll
in any loss or priority of the lien or 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 arisin~ out of the
status or the lien of the mortgage covered
by this policy or the title of the estate or
interest insured herein must be based on
the pro\'isions of this policy.
No provision or condition of this policy
can he waived or changed except by
writing endorsed hereon or attached here-
to signed by the President, a Vice Pres-
ident, the Secretary. an Assistant Secre-
tary or other validating officer of the Com.
pan)".
II. Notices, Where Senl
All notices required to be given the
Company and any statement in writing
required to he furnished the Company
shall he addressed to it at the office which
issued this policy or to its Home Office,
13640 Roscoe Boulevard, Panorama City,
California 91409.
12. THE PREMIUM SPECIFIED IN
SCHEDULE A IS THE ENTIRE
CHARGE FOR TITLE SEARCH.
TITLE EXAMINATION AND TITLE
INSURANCE.