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Home My WebLink AboutD-1854 r I ,. , <! : t I , CERTIFICATE OF ACCEPTANCE BKD5646pc542 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 28, 1972 , from or executed by Albert A. Forteville and Dorothy Forteville , 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 authoriz officers. ~?!ee~~ -..} (\;) ~ The document thus described is hereby approved as to form. .~~ - t(Io~~U".IN"" tU:.YUt:.::t1 t:.U tn - ' 724 1./ I \J~ ~.y C I1;'y OF ARCAD IA AND WHI!N RI;CORDI!D MAIL TO RECORDED IN OFFICIAL RECORDS ' OF LOS ANGELES COUNTY. CALIF. OR SECURITY TITLE INSURANCE CO. OCT 26 1972 AT 8:01 A,M. SKD5646pc54I I NOIII. City Clerk SlrHt P.O. Box 60 Addr... City & Arcadia, Ca. 91006 $tol. L I Registrar,Recorder SPACE ABOVE THIS LINE FOR I FRE,E "2-.. F I - RECORDER'S USE -.J MAIL TAX STATEMENTS TD I City of Arcadia I .~. NOIII. Slr..t Addr... Cily & Slot. L .J 9 Firm NDme I Grant Deed TO 40!S.1 CA (1.70) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, ALBERT A. FORTEVILLE and DOROTHY FORTEVILLE hereby GRANT(!Xl 10 the CITY OF ARCADIA, a Municipal Corporation, Ihe following described real properly in lhe County of Los Angeles City of Arcadia, , State of California: The northerly 6 feet of Lot 24 in Block 82 of Arcadia Santa Anita Tract, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 15, Pages 89 and 90 of Miscellaneous Records, in the office of the County Recorder of said County. r unaer stea reque t eCOTains DoC\llllen uirit>j; ,.roO T, 61.0'5. C' '(,1 e.cq Co"e '0 1- GO'!. . 'due \I eSse.r'1 \lee tit1.o. . STA TE OF CALIFOHNIA COUNTY OF LOS ANGELES On before me. the under- signed. a Notary Public in and for said Stale. personally appeared Albert A_ Fort~villp Rnn Onrnrhy Forteville }SS, ~~ . Dated u,.o<F- , I 117;;Z . In he the person~whose namc.o:l. :I TP instrument and acknowledged that they WITNESS m)' hand and official seal. ,;.""... ~ ,..,~ R f:.. >rt!R--(f"J . known to me suhscribed 10 the within >- ~ '" a W ...u f- -.; ... " ~ ..d ,;; u "'-- z o ;:: 0. ~ ~ ~ executed the same. OFFICIAL SEAL FLORENCE E. NEERGARD NQ1ARY PUBLIC-CALIFORNIA LOS ANGELES COUNTY MyComrTllssion ExprresMar.4.1976 .~ P. O. Box 60, Arcadia, CA, 91006 Name (Typed or Printed) (Thh awl!. 1m "mdal l\otarl.ll heal) Tille Order No, Escrow or Loan No. Q MAIL TAX STATEMENTS AS DIRECTED ABOVE 7 2-h,)'<: <Ar '. COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION l.OS ANGELES, CALIFORNIA 90012 6215-3611 ROBERT A. GILL CHIEF DEPUTY MARK H BLOODGOOD AU D1TOR.CONTROl.LER E. GUERRERO CHIEF. TAX DIVISION April 25, 1973 Direct inquiries to Attn: Mary Gifford RECEIVED APR 2 G 1973 City of Arcadia 240 West Huntington Drive Arcadia, California 91006 CITY OF ARCADIA CITY ATTORNEY Attention: Robert D. Ogle, City Attorney SUBJECT: Colorado Boulevard Parcel No. 17 (Forteville) Gentlemen: Pursuant to your l"ttcr dated November 15, 1972, taxes have been cancelled in accordanc" with Section 4986 of the Revonue and Taxati'on Code. This cancsl- lation was ornered by the Honorable Board of Super- visors Jan. 11, 1973, by Authorization No. 31586. Very truly yours, MARK H. BLOODGOOD, Aucli tor-ControU"r ff / ,;./~!.../, ,/ . 0' . " /J '.~;r5?:-b/q://~. "J ;....-:y/t.r '-.'V' ,j J,-,_ By Edwarn Guerrero, Chief, Tax Division EG;MG/tc Tax Piv. #C-11 3/73 .., ~. \ -. ~. November 15. 1972 Mr. Uark H. Bloodgood. AucUtor-Controller 500 West Temple Street. Room 153 Los Angeles, California 90012 Attention: Tax Cancellation Bection Request for Cancellation of Taxes Colorado Boulevard Parcel Ko. 17 (Forteville) Dear Mr. Bloodgood: Subject: Please cancel as of the date of recording all taxes on the property described in the attacbed copy of deed. This property i8 part of a larger parcel acquired tor street widening purposes. There is no building on it. Very truly yours. ROBERT D. OGLE City Attorney RDO:at Attachment I. cc : Ci ty Clerk.l. ., 'I ~ OF ARCADIA 723 - SKR4058pC396 ~/7 AND WHEN RECORDED MAIL TO RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY, CALIF, OR SECURITY TITLE INSURANCE CO, OCT 26 1972 AT 8:01 A,M. I I No.... City of Arcadia, Dept. of Public Works P.O. Box 60, Arcadia, Ca. 91006 .J I FREE 1 F I SPACE ABOVE THIS LINE FOR RECORDER'S USE Registrar-Recorder Str..' Addr... Clt" & Slat. L TITLE ORDER NO. TITLE OFFICER TO 431 1 C PARTIAL RECONVEYANCE 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 indorsement-said Deed of Trust having been executed by ALBERT A. FORTEVILLE AND DOROTHY FORTEVILLE and recorded in Ihe Official Records of Los Angeles , Trustor, County, California, as follows: Date July 1, 19"9 'S Inslr. No. 1 fi5" ;n Boo~ 'I'-RO? , Page 97? ; 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, wilhout warranly, 10 THE PERSON OR PERSONS LEGALLY ENTITLED THERETO, all estate now held by ilthereunder in and 10 thaI property situaled in said county, stale of California, descrihed as follows: The northerly 6 feet of Lot 24 in Block 82 of Arcadia Santa Anita Tract, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 15, Pages 89 and 90 of Miscellaneous Records, in the office of the County Recorder of said County. ~ uncle:\' uesteU. rding reQ. UllIent l1ree ~~~oe 61-03. ~:~,/, aCClui.l',,116 GO ' . due to CossarY nO t.1t.1.e. The remaining property described in said Deed of Trust shall continue 10 be held by said Trustee under the terms Ihereof. As provided in said Deed of Trust, this Partial Reconveyance is made without affecting the personal liability of any person for payment of the inde btedness 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 herelo affixed by its Assistant Secretary, thereunto duly authorized. Dated September ?" , 197? R-361521 TITLE INSURANCE AND TRUST COMPANY, as Trustee, By J;l. ~ Assistant Secretary ST ATE OF CALIFORNIA, } COUNTY OF Los Angpl p>,< SS, Op 8eptemhpr ?5, '97';' before me, the undersigned, a Notary Public in and for said State. penonally appeare~ 'T' "R rri pm::t n known to me to be an Assistant Secretary of TITLE INSURANCE AND TRUST COMPANY, the corporation that executed the foregoing instrument as such Trustee, and 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 my ~nd .llid.1 .eaL n /) Sign.t~~-~) ~/)U~ OFFICIAL SEAL BARBARA J, OTTEM NOTAiN Pt..:~LIC-CI\LIFORNIA PRINCIPAL OFFICE IN . LOS ANGELES COUNTY My Commission Expires Jan, 9, 1974 ~ ?\:) ~ Name (Typed or Printed) (This .u'a lor officii] ""llfl.1 '....]1 GJ 72. i 0 to' ~ ~ CLTA-1963 AMENDED 1969 STANDARD COVERAGE POLICY OF TITLE INSURANCE issued by SECURITY TITLE INSURANCE COMPANY Security Tille 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 slated 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 hereof, not shown or referred to in Schedule B or excluded frolll coverage in Schedule B or in the Conditions and Stipulations; or 2. Unmarketability of such title: or 3. Any defect in the execution of any mort~a~e shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, hut only insofar as sueh defect affects the lien or charge of said mort~aJ!:e upon the estate or interest referred to in this policy; or 4. Priority over said mortgage, at the dale hereof, of any 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 ils priority; . all 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 affixed by its duly authorized officers on the date shown in Schedule A. Secretary --~"''\\,,\\\\ ~-~SUR..t~\\\'1 ;'::\.,~ ............C~ t'l ..::~... -."J'J ,....~. .,_ n ~ . \lPORA 'O~ ::~..\\\~\\ l[D~7~ ~==: :7% ~_. -.- .-o~ ~....- .;b.~ ~~\ MARCH 5 \~~'t:~ t ~~~. " -",-- 1/""",",,,-_ .. ",:: ',oJ -.. ._ .. ;:' Il,\~ {}~'iiio'ii\"'-J ~ \\\\'~'~~ ~/ :t...,- ./ // 'X;--<s:..-:J rm~ An Authorized ~l1gnalllrc 11/ II J(eidt dJ~c- ~. President P-218 (G.S.l ~S".co Inl"""CO Co",pany 0' """"CI. R'll,.torl<! r"da"'",. _If CONDITIONS AND STIPULATIONS 1. Definition or Terms The following terms when lIsed 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; (h) "public records": those records which impart constructive notice of mat- ters relating 10 said land: (c) "knowledge": actual knowledge, lIot constrllctive knowledp;e or notice which may he imputed to the Insured by reason of any Jlublic records; (d) "datc": the effective dale; (e) "mortgage": mortgage, 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 indehtedness secured by a mortgap;e shown in Schedule Il is named as an Insured in Schedule A, the Insured shall include (I) each successor in interest in ownership of such indebtedness, (2) any sur.h owner who acquires the estate or interest rdefled to in this policy hy fore- closure, trustee's sale, or other legal man- ner in 811th.factlon of saiJ indehtedness, llnd (3) llny federal agency or instrumen. tality which is an insurer or guarantor under an insurance contract or guaranty insuring or p:uaranteeing 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 Illsured owner of the indehtedness secured by a mortgage described in Sched- ule B acquires said estate 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 a federal agency or instrumentality acquires said estate or interest, or any part thereof, as a consequence of an in. surance contract or guaranty insuring or guaranteeing the indebtedness secured by a mortgage covered by this policy, or any part thereof, this policy shall continue in force in favor of such Insured, agency or instrumentality, subject to all of the con. ditions and stipulations hereof. 3. Exclusions from Ihe 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 (including: but not lim- ited to building and zoning ordinances) restricting or regulating 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 prohibiting a separation in ownership or a reduction in the dimensions or area of any lot or parcel of land. (b) Governmental rights of pol~ce power or eminent domain unless notIce of the exercise of such rights appears in the public records at the dale hereof. (c) Title to any property beyond lhe lines of the land expressly descrihed in Schcdulc A, or title to streets, roads, avenues, lanes, ways or waterways on which such land ahuts, or the right to maintain therein vaults, tunnels, ramps or any othcr structure Ot jmprovement: or any ri~hts or easements therein unless this policy specifically provides that sllch properly. rights or easements nre insureJ, exccpt that if the land abuts upon one or more physically open streets or highways this policy insures the ordinary rights of ahutting owners for llCCC"S to one of such streets or highways, unless otherwise e'\(. cepted or excluded herein. (d) Defects, liens, encumbrances, ad. ver~e cluims agamst the title as Illsured 0'. other mutters (I) created,- suffered. as- sumed or ap;reed 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 datc stich Insured Claim. ant acquired an eslate or interest insured hy this policy and not shown by the puhlic records, unless disclosure thereof in writ- ing hy the Insured shall have heen made to the Company prior to the date of this policy: or 13) lesllhin~ in no loss to the Insured Claimant: or (4) attaching or created subsequent to the date hereof. (e) -Loss or damage which would not have heen sustained if the Insured were a pllrchllser or cncumbrancer for value without knowledge. (f) Any "consumcr 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 against the Insured, or defenses, restraining orders, or injullctions inter. posed a~ainst a foreclosure or sale of the 1TI0rt~aJ!e and indehtedness covered b}' 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 estate or interest or the lien of the mortgage as insured, which litigation or action in any of such e'.ents is founded upon an alleged defect, lien or encum. hrance insured against by this policy, and may pursue any litigation to final determ. ination III the court of last resort. (h) In case any such action or pro- ceeding shall be begun, or defense inter. posed, or in case knowledge shall come to the Insured of any claims of title or in- terest which is adverse to the 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 coutrllct to sell the indebtedness secured by a mort- gage covered hy this policy, or, if an Insllred in good faith leases or contracts to sell, lease or mortgage the same, or if the successful hidder at a foreclosure sale under a mortgage covered hy this policy refuses to purchase and in any such event the title to said estate or in- terest is rejected as ullmarketahle. the Insured. shall notify the Company thelCof III writing. If such notice shall not he given to the Company within ten Jays of the receipt of process or pleadings or if the Insllred shall not, ill writirll:~, prol1lpt~}' notify the Company of any defect, lien or encumhrance insured a~ainst which "hall ('orne to the knowledge of the (n- SUI ed, or if the Insured shall not, ill writing. promptly notify the Compnny of any !Ouch rejection hy reason of daimed ullmnrketabilit)' of tille, then all /iubility of the Company in regard to the subject matter of such action, proccedlllp; or matter sh<lll rease and telminate: PIO- vided, however, that failure to notify shall in no ca"e prejudice the claim of any Insured unless the Company shall he actually prejudiced hy s\lch failure and then only to Ihe e'\(tent of such prejudice. (c) The COlllpany shall hllve the right at its OWIl cost to im-;titute and plOsecute any nctioll or proceerlinp; or do any other act which in its opinion may he necessary or desirahle to estahlish the title of the estate or interest or the lien of the morl- j.!uge as insured: and the Company may take allY appropriate action under the terms of this policy whether or not it shall he liable thereunder and shall 1I0t therehy concede liahilit). or waive any provision of this policy. ( d) In all cases where this policy permits or requires the Company to pl"es- ecute or provide for the defense of an}' action or proceeding, the Insured shall secure to it the right to so prosecute or provide defense in $uch aetion or 1110. ceedill~, and all appeals therein, and per- mit it to use, at its option, the name of the Insured for stich purpose. Whenever (Conditions and StipuJations Continued and Concluded on Last Page of This Policy) -y.,t;lO'Jl. \.... 0>.) fillV. Call1ornia Land Title Assoclation Standard Coverage Policy Form Copynghl 1963 SCHEDULE A Effective Date: Amount 01 liability: S 2 ,000 . 00 October 26, 1972 at 8:01 A.M. Policy No: Premium S 7210645-45 50.00 INSURED THE 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 dale hereof is vested in: THE CITY OF ARCADIA, a municipal corporation ~). The land referred to in this policy is situated in the State of California. County of and is described as follows: Los Angeles The Northerly 6 feet of Lot 24 in Block 82 of Arcadia Santa Anita Tract, in the City of Arcadia, as per map recorded in Book IS, Pages 89 and 90 of Miscellaneous Records, in the Office of the County Recorder of said County. . I -..~v-.... ,..... ...., Cahlornia Land Title Aasociahon Standard Coverage Pohty form CapYrlght 1963 SCHEDULE B This policy does nol insure againslloss or damage by reason of the following: PAHT I 1. Taxes or assessments which are not shown as existing liens hy the rc<:ord~ of any ta:\ing authority that levies taxes or assessments on real property or by the public records. 2. Any facts. right:s~ interests~ or claims which are not showlI hy the public records but which could be ascertained by an inspection of said land or by making inquiry of per:"ol1s in "o~5e55ion thereof. 3. Easements, claims of easement or encumbrances which are 110l show II by the public records. .1. Discrepancies, tonnicts in boundary lines. shortage ill area. ent:J'uadHHcnt:,. or any othcr faeb whi<:h a <:orrect sur\'ey would disclose, and which Me nol' shown by the puhlit. re('ord~. 5. Unpatented milling claims; resef\'alion~ or exception~ in patent~ Of in Ad~ authorizing the ls:,.uance thereof j waler righls~ claims or litle to water. PAHT II 1. General and special taxes for the fiscal year 1972-1973, a lien not yet payable. . , N ~c.OLORAf?C> BO ULE VA RC? o ~ 5P so 50 S'" So so SO 50 sO -I 5<~ I U\ I ~ ',;1 30 2~ 28 27 2(; Z> 2~[ , 2.2 '" Ul I f,o__ sJ 50 I SO B L 0 C ,0 ,0 ;;0 '>0 ",r o " ISO I c, [I ~~: ,SI G~ ~ 20 0 lJ\ UI ~ I~ " lJ\ lJ\ '^ ~ ~ IS '" '" lJ\ U\ 1<;1 G<;> 82. ARCA17/A c;ANTA ANITA M % a.cu_,....", 'rlT"_ I' "1'1 I ,I,; "I.! ,qtl 1,.t'l", \ ..j .' I ..\h" 111"'\' h l~ ""1 1 ~1I\'\ \\1,1. 11.1~ I'I" ~ It" J I ,j!. < . \ I. I . \ I,.. . , ". II, ~ I \ I, l~"', ,j ,,' 'I' r'", , , 'I '. ,-, r I. 1: T R A C,K R IS/S9 -90 , r ,~......, ......-. -- ~- L 600 o '" ill ::J Z ill > <i ~l ,,"0 CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) requested by the Company the Insured shall give the Company all rea~onab~e aid in any such action or proceedmg, m effecting settlement, securing evidence, obtaining witnesses, or prosecuting or de- fending 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 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 he furnished to the Company within sixty days after !>uch loss or dam. age shall have been determined and no right of action shall acc(Ue to the Insured under this policy until thirty days after such statement shall ha'le been furnished and no recovery shall be had by the In. sured under this policy unless action shaH be commenced thereon within five years after expiration of said thirty day period. Failure to furnish such statement of loss or damage, or to comnlence such action within the time hereinbefore specified, shall he a conclusi\'e bar against main. tenance by the Insured of any action under this policy. 6. Option to Pay, Settle or Compro- mise Clnim~ 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 by the owner of the indehted. ness secured hy a mortgage covered by this policy, the Compal1Y shall have the option to purehasc said indebtedness; such purchase. payment or tender of payment of the full amount of this policy, together with all costs, attorneys' fees and ex- penses which the Company is obligated hereunder to pay, sho.ll terminate all liability of the Company hereunder. In the event. after notice of claim has been f,:i\'en to the Company by the Insured, the Company offers to purc:hase said indebt- edness, the owner of such indebtedness shall transfer and assign said indebtedness and the mort~age securing the same to the Company upon payment of the purchase price. 7. Payment of Loss (a) The Liability of the Company under this policy shall in no case exceed, in all, the actual los~ 01 the Insured and costs and attorneys' fees which the Com. pany may be ohligated hereunder to pay. (b) The Company will pay, in addition to any loss insured agail1st by 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 (GS.l with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this policy (l) if the Com~any. 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 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 heen 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 o{ the insurance pro tanto and no payment shall he made without producing this policy for endorsement of such payment unless the policy he lost or destroyed, in which case proof of such loss or destruc- tion shall be furnished to the satisfaction of the Company; provided, however, if the owner of an indehtedness secured by a mortgage shown in Schedule B is 811 Insured herein then sllch payments shall not reduce pro tau to the amount of the insurance afforded hereunder as to such Insured, except to the extent that sllch payments reduce the amount of the in. dehtedness secured hy such mortp:age. Payment in full by any person or voluntary satisfaction or release by the Insured of a mortgage covered by this policy shall terminate an liability of the Company to the insured owner of 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 conriitions of this policy the loss or damage shall he payable within thirty riays thereafter. 8. Liability Noncumulative It is expressly understood that the amount of this policy is reduced by any amount the ComptlllY may pay under an). policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgap;e here- after executed hy 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 Insureri under this policy. The provisions of this paragraph num. bered 8 shall not apply to an Insured owner of an indehtedness 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 vest in the Company unaffected by any act of the Insured. and it shall be subrogated to and he entitled to all ri~hts and remedies which the Insured would have had ap:ainst any person or property in respect to sueh claim had . this policy not heen issued. If the pa)'. ment does not cover the loss of the In. sured, the Company shall he suhro~ated to such rights and remedies in the proportion which said payment hears to the amount o{ said loss. If loss should result from any act of the Insured, sllch act shall not void this policy, but the Compan)., in that event, shall be required to pay ouly that part of any losses insured against hereunder which shall exceed the amollllt. if any, lost to the Company by reuson of the impairment of the right of subrogation. The Insured, if requested by the Company. shalt transfer to the Company 011 rights and remedies against any person or prop- erty necessary in order to pl~rfer:t such riJl,"ht of suhrogation, and shall permit the Company to use the name of the Insured in any transaction or Iitiji:ution involving such riJl,"hts or remedies. If the Insured is the owner of the in- dehtedness secured by a mortgu~e eovcred by this policy, such Insured may release or substitute the personal liability of any debtor or ~uarDntor, or extend or other. wise modify the teons of payment. or release a portion of the estate or interest from the lien of the mortgage, or release any collateral security for the indebted. ness, prMided such aet rioes not re3ult in any loss of priority of the lien of the mortp:a~e. 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 statns of Ihe lien of the mortgage covered by this [lolicy or the title of the estate or interest insured herein must be hus"d on the provisions of this policy. No provision or condition of this policy can be waived or changed except b)' writin~ 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. pany. 11. Notices, Where Sent All notices required to he given the Company and any statement in writing required to he furnished the Company 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. , I CERTIFICATE OF ACCEPTANCE 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 24, 1972 , from or executed by Howard F. Brady, Evelyn G. Brady & Wayne F. Brady , 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 author~~officers. ~ The document thus described is hereby approved .1 ! , BKD5648PC 105 ~uk J1, ~ City Engineer C,Ci ~ o as to form. ~~~