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CERTIFICATE OF ACCEPTANCE
BKD5757pc439
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 January 26, 1973 , from or executed
by Western Pacific Oil 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 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.
The
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City Engineer
is hereby approved as to form.
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'_CORDING REQUESTED BY
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C~TY OF ARCADIA
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AND WHEN IItltCOIltQItD "'AIL TO
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY, CALIF.
OR SECURITY TITLE INSURANCE CO.
FEB 9 1973 AT 8:01 A.M.
I City Clerk
No....
s"", P.O. Box 60
Add,"1
City & Arcadia, Ca. 91006
Slate L
MAtl TAX. STATEJol,!NTS TO
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No",. City of Arcadia
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Addr...
CIty &
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Registrar.Recorder
DOC~';:E~~A~~~~;NTS7~ ~~ ;<'~-t5.:0~:~~E :u;:j
o COMPUTED ON FULL VALUE OF PROPERTY CONVEYED. on
o COMPUTED ON FULL VALUE LESS LIENS & ENCUMBRA1l.
C~SIEMAINING THEREO.N AT TIME OF SALE.
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S~nat~~ ~i'd';;;la';"nt or a en~ termi9i9g tax - ~~ ~~
o Unlcorpo,ated Area ft1 Ci f..."uL<<:!A..~. ......
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Corporation Grant Deed
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
TO 406 CA <7.68)
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
WESTERN PACIFIC OIL COMPANY,
a corporation organized under the laws of the state of California,
hereby GRANTS to the CITY OF ARCADIA,a Municipal Corporation,
the following desctibed real property in the
County of Los Angeles
City of Arcadia,
, State of California:
That portion of Lot 20, Block 82 of Arcadia Santa Anita Tract in the City of
Arcadia, as shown on map recorded in Book 15, Pages 89 and 90 of Miscellaneous
Records in the office of the Recorder of said County described as follows:
Beginning at the northwest corner of said lot; thence southerly 6 feet along the
westerly line of said lot; thence easterly parallel with the northerly line 126.69
feet to the beginning of a tangent curve concave to the southwest having a radius of
15 feet and being tangent at its southerly terminus to a line that is parallel with
and 10 feet westerly of the easterly line of said lot; thence southeasterly along
said curve to said point of tangency; thence northerly 6 feet along last said para11e
line to the beginning of a tangent curve concave to the southwest having a radius of
15 feet and being tangent at its westerly terminus to the northerly line of said lot;
thence northwesterly along last said curve to its point of tangency with said north-
erly lot line; thence westerly along last said line to the point of beginning.
Free recording requested under.
Gov. Code 6103. Document
necessary' due to 'City. acquiring
,title.' .
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In \Vitness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instru-
ment to be execuLed by it" President and Secretary
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thereunto qq.ly authorized.
Dated: I~__ 1'1 (47?>
(/ /' / ' ,L.
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
On January 1 g, 1973 before me. the under.
signed. n Notary Puhlic in Ilnd for said State. personally appeared
HAROLD J. SMITH , known
to me to he tll" President. and
H. SPENCER ST. CLAIR known 10 me 10 be
Pacific O-{j)
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resident
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Secretary of Ihe Corporation thai executed Ihe
within Instrument. known to me to be the persons who executed the
within Instrument on behalf of the Corporation Iherein named, and
acknowledged to me Ihat !;uch Corporation executed the within Imtru
ment pursuant its bY.Ia.ws,S:;:;solution of its board of directors.
WITNESS m und nd1j.)~1. ,
Signature ~
~ OFFICIAL SEAU
WALTER G. DANIELSON
.. II) :.' NOTARY PUBLIC-CALIFORNIA
'. LOS ANGELES COUNTY
MyCommission Expires Feb.l,1973
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WALTER G. DANIELSON
Name (Typed or Printed)
(Thj~ Klt'll. fm onldal notKrt;~1 ~~all
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Title Order No.
"7.;2./06 c/7-
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Escrow or Loan No.
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MAIL TAX STATEMENTS AS DIRECTED ABOVE
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CORPORATION
GRANT DEED
CORPORATION
GRANT DEED
Title Insurance
and
Trust Company
Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
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COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
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COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
153 HALL OF ADMINISTRATION
LOS ANGELES. CALIFORNIA 90012
ROBERT A. GIL.L.
CHIEF DEPUTY
~
E. GUERRERO
CHIEF, TAX DIVISION
MARK H. BLOODGOOD
AUDITOR.CONTROL.L.ER
July 20, 1973
City of Arcadia
p. O. Box 60
Arcadia, California 91006
Attention: Robert D. Ogle
City Attorney
SUBJECT: Colorado Boulevard
Parcel No. 19
Western Pacific 011 Company
Gentlemen:
Pursuant to your letter ctated February 23, 1973,
taxes have been cancelled in accordance with Section
4986 of the Revenue and Taxation Code. This cancel-
lation was ordered by the Honorable Board of Supar-
visors March 21, 1973,
by Authorization No. 32195.
Very truly yours,
MARK H. BLOODGOOD, Au,'.i. tor-Controller
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By Edward Guerrero, Chi af, Tax Division
EG/MG/tc
Tax Di v. #C-11 3/'(3
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February 23, 1973
Mr. Mark. H. BloOdgoOd, Auditor-Controller
5~O West Temple Dtrect, Room 153
Los Angeles, California 90012
Attentionl Tax Cancellation Section
Subject: Request tor Cancellation ot Taxes
Colorado Boulevard Parcel No. 19
Western Paciric Oil Company
Dear Mr. Bloodgood:
Please cancel as ot the date ot recordinG all taxes on
.the property described in the attached copy of deed. This
property 1s for street widening purposes. There is no
building on it.
Very truly yours,
ROBERT D. OGLE
C1ty Attorney
RDO:at . /
Attachment /
co: City Clerk
Lot 20, Block 82, Arcadia Santa Anita Tract
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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 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 coverttge 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 mortl!age upon the estate or interest referred to in this policy: or
4. Priority over said morq:;age, at the date 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
being shown in Schedule B in the order of its 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.
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Secretary
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CONDITIONS
AND
STIPULATIONS
1. Oefinilion of Terms
The following terms when used ill this
policy mean:
(a) "Iand": the land descrihed, spe-
cifically or by reference, in Schedule A
and improvements affixed thereto which by
law constitute real properly:
(II) "public records": those records
which impart constructive notice of mut.
ters relal1llJ! to said land:
(c) "knowledge": actual knowledge,
not COIlstTucti\'c knowled~e or notice which
may be imputed to the Insured by reason
of any public records;
(d) "date": the effective date;
(e) "mongage": mortgag:e, deed of
trust, trust deed, or other security instru.
ments; and
(f) "insured": the party or partles
named as Insured, and if the owner of
the indehtedness secured hy a mortgnge
shown in Sehedule B is named a!> an
Insured in Schedule A, the Insured shall
include (1) each successor in interest in
ownership of such indebtedness, (2) any
sUI~h owner who acquires the estate or
interest referred to in thiS policy lIy fOIC-
closure, trustee's sale, or other legal man.
ner in satisfaction of said indehtedne;;s.
and (3J any federal agency or in~trumen-
tality which is an insurer or p;uarantor
under an insurance contract or guaranty
insuring or /!uaranteeing said indebtedness,
or any part thereof, whether named as
an Insured herein or not, subject other.
wise to the pro\"ision<: hereof.
2, Benefit!; after Acquisition of Tillc
If an insured owner of the indebtedness
secured by a mortg:ag:e described in Sched.
ule B acquires said e;;tate or interest, or
allY part thereof. by foreclosure, trustee's
sale or other legal man tier in satisfaction
of said indebtedness. or any part thereof.
or if a federal ag:ency or instrumentality
acquires said estate or interest, or allY
part thereof, as a COnsequence of an in.
sunmce COJllrnct or l!uara1lty jllsurin~ or
p;uaranteeing the indebtedness secured hy
a nlOrtp;age covered by tillS policy, or uny
part thereof. this poli('y :,hall continne in
fOlce in favor of such Insured. agency or
instrumentality, suhject to all of the con-
ditions [lnd stipulatioll.... hereof.
3, Exclllsion~ from the Cuveruge of
this l'olicy
This policy does not instllc ap:ainst loss
or dal1la~e ]IY reason of the following:
(a) Any law, on!inuncc or govern.
mental regulation (incllldinl!: but not lim-
ited to Imilding: and zoning: ordinalH't'sl
restricting or reg:ulating: 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.
(II) Cm'ernmentaI rights of police
power or eminent domalll unless notice
of the exercise of such ri~hts appears in
the public records at the date hereof.
(c) Title to any property beyond the
lines of the land expressly described in
Schedulc A, or title to streets. roads,
avenues, lanes, ways or waterways on
which such land abuts, or the rifl:ht to
maintain therein vaults, tunnels, ramps or
any other structure or improvement: or
any rip;hts or easements therein unless this
policy specifically provides that such
property, ri~hts or easements are insured,
except that if the land abuts upon one or
more physically open streets or hi~hways
this poticy insures the ordinary rip:hts of
ahuttillJ!; owners for access to one of such
streets or hil!hways, ullless otherwise ex-
cepted 01. exdudell herein.
(d) Dcfects, liens. t"1H'umbrances. ad-
n:r~e claims ilp;ainst the title as insured or
other matters (1) created, suffered, as-
sumed or ap:reed to by the Insured claim-
ill~ loss or damage: or (2) known to the
Insllred Claimant either at the date of this
policy or at the date such Insured Claim-
ant al:CJllired lln' estate: or interest insured
by this policy and not shown by the puhlic
records, unless disclosure thereof III writ.
jn~ hy the Insllred shall ha,.e heen made
to the Company prior to the date of this
polic)': or 1,1) re:,ultinl!: in 110 10<:<: to the
Insured Claimant: or (4) attaching: or
created suhsequcnt to the date hereof.
(e) Los" or damage which would not
have been sllstllllled if the Insured were
a purchaser 01' encumbrancer for value
without knowledge,
(f) All}' .'con<::umer credit protection".
"truth in lending" or "imilar law,
4, Ilcfen!>c and Prose(~lIlion of Al'-
tions _ Noti(~e of Claim to be Gh'en
by the [murcd
(a) The Com pan)', at its own cost and
without undue delay shall provide (I) for
the defen"e of the InSllled in all htig:ation
l'ollsistill,t:" of ,If'tions or prlJ{:eedlllgs com-
ccnced <lJ,!:ainst the Insured. or defenses,
re.<::traininp; order<:. or illjnlldions inter.
po~ed against a fOleclosure or ;;ale of the
lI1ortp;agc und indehtedness covered by this
pol it.)' or a sale of the e.<:tate or interest
in ;;aid land: or \21 for such action as
lllll}' he appropriate to estahlish the title
of the t'state or intere"t or the lien of the
mort~age as insured, which liti~ation or
action in all)' of such e\ellts is founded
upon an alleged defect, lien or encum.
brance IIlsurea against hy this policy, and
tnay pursue an)' litigation to final determ.
ination in the court of last resort.
(b) In case any such action or pro-
ceeding shall he hegun, or defense inter.
posed, or in case knowledge shall come to
the Insured of an\" claims of title or in-
terest which is ad~'erse to the title of the
estate or interest or lien of the mortgage
as insured, or which might cause loss or
damap:e for which the Company shall or
may he liaLle by virtue of this policy, or
if the Insured shall in good faith contract
to sell the indehtedness secured hy a mort-
gage covered by this policy, or, if an
Insured in good faith leases or eon tracts
to sell, lease or mortgage the same, or if
the successful hidder at a foreclosure
sale under u mortgllp;e covered by thi:,
policy refuses to purchase and in any
such event the title to said estate or in-
terest i" rejected as unmarketable. the
Insured shall notify the Company thereof
in writill~. If such Ilotir:e shall no( IH:
~ivell to the Company within ten Jays of
the receIpt of process or pleadings or if
the Insured ..hall lIot, in writing. prompt:y
notify the Compuny of ally defect, lien
or encumhrance insured al!ainst whieh
shaJJ rOllle to lhe kllOwle<h:e of lhe In.
sured. or if the In,;ured shall not, in
writing:, promptly notify the Company of
an}' ..uch rejection by reason of claimed
ullmarketabilit}' of title. thell all liuhility
of the Company in regard to the subject
matter of such action, proceeding or
matter ;;hull cease Clnd terminate: pro.
vided, however. that failure to notif\"
shall in no case prejudice the claim o'f
any Insured unless the Company shall
he actually prejudiced hy snch failure
and then only to the extent of sUt'h
prejudice.
(c) The Company shall have the rit::ht
at its own cost to in:::titllte and prosecute
any action or pro('eedin~ or do any other
Bct which in its opinion muy be necessa,y
or de~jrab'e to estil}'li~h the title of the
estate or intere"t or the lien of the marl.
gap:e as insul'ed: und the Company may
take any appropriate action under the
telll!;; of thi" poli('y whether or 1I0t it
"hall be liahle thereunder and shall not
therelly rOllf'ede jinbdity or WaJ}'t~ any
provision of this policy,
(d 1 III all cases where thi.. policy
pellnits or requires the Company to prc~.
ecute or provide for Ihe defense of an)'
Ilction or ploreedinp:, the In~\lled shnlJ
secure to it the ril!ht to Sf) prosecute or
provide defense in ."IH'h llction or pl.O-
ceedinp:, and all appeals therein. and pt"r-
mit it to lIse. at its option. Ihe name of
the Insured for such purpose. Whenever
(Conditions and Stipulations Continued and Concluded on Last Page of This Policy)
" i;~l~fo~;"i~ ~ ~~d' "Ti"t1e Assoclahon
Standard Coverage Policy Form
Copynght 1963
SCHEDULE A
Effective
Dale:
Amount or liabilily: S 2,000.00
February 9, 1973 at 8:01 A.M.
INSURED
THE CITY OF ARCADIA, a Municipal Corporation
Policy No:
Premium $
7210647-45
50.00
1. The estate or interest in the land described or referred Lo III thb schedule co\'ered by this policy is:
a fee
2. Title to the estate or interest co\'ered by this policy at the dale hereof is \'ested in:
THE CITY OF ARCADIA, a Municipal Corporation
:\, The land referred lo in this policy is situated in the State of California, County of
and is described as follows:
SEE ATTACHED
Los Angeles
.
February 9, 1973/jo
DES C RIP T ION
The land referred to herein is situated in the State of California,
County of Los Angeles, and is described as follows:
That portion of Lot 20, Block 82 of Arcadia Santa Anita Tract in
the City of Arcadia, as shown on map recorded in Book 15, Pages
89 and 90 of Miscellaneous Records in the office of the Recorder
of said County described as follows:
Beginning at the Northwest corner of said lot; thence Southerly
6 feet along the Westerly line of said lot; thence Easterly
parallel with the Northerly line 126.69 feet to the beginning
of a tangent curve concave to the Southwest having a radius of
15 feet and being tangent at its Southerly terminus to a line
that is parallel with and 10 feet Westerly of the Easterly line
of said lot; thence Southeasterly along said curve 'to said
point of tangency; thence Northerly 6 feet along last said
parallel line to the beginning of a tangent curve concave to
the Southwest having a radius of 15 feet and being tangent at
its Westerly terminus to the Northerly line of said lot; thence
Northwesterly along last said curve to its point of tangency
with said Northerly lot line; thence Westerly along last said
line to the point of beginning.
c~"fdo~ni~ - L::uld TItle ASsoclahon
Standard Coverage Pohc:y Form
90pyrtght 1963
SCHEDULE B
This policy does not insure against 10"' or damage by re""1Il of the following:
PArrl' I
1. Taxes or asseSSmenls which are not shown as eXlsllJl1l liell~ hy Ihe records of any la:\ing aUlhority that levies
taxes or assessments on real property or by Ihe public records.
2. Any facts~ right~: interests~ or claims which are nol shown hy the l'uhli(' records but \\ hieh could be 3sf'ertained
by an inspection of said land or by making inquiry of I'er::-olls in l'o:,sessioll thereof.
:..L Easements~ claims of easement or encumbrances which are not ~howlI hy the public records.
-I. Dis(;fepallcies~ (:onflicts in boundary lines: shortage ill area. cllt'l'()aChmelll~. or allY other fads wbi('h a ('orrect
survey would disclose, and which are 110t :-.hown by the puhli(' record:".
5. Unpatented milling claims; reservations or eXl.:eption!'l ill palent:-- or in Ad:.- aUlhurizing the i:--::-lHlIl('e thereof;
water rights: claims or title to water.
PAHT II
1. Second installment general and special County and City
taxes for the fiscal year 1972-1973, in the amount of $241.45.
.
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ARCAC?/A <;'ANTA ANITA TRAC:k
M. R. IS/89-90
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plut I.. 1..,11\:\, d 1\1 fl,. \ ur Tf'd. th" I III II I' 111\ .t"'lllllt':, IW 1i8(,ihl~ for ;lll} IO".~ {Wllllrit1~ Ilr ft'a..lIl1 !If rt.lial'll " I!lNt'lm:'
SECURITY "TITLE INSURANCE COMPANY
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
effecting settlement, securing evidence,
obtaining witnesses, or prosecuting or de.
fending such action or proceeding, and
the Company shaH 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
daimed the Company is liable under this
policy shall be furnished to the Company
within sixty days after such los!' or dam-
aJ!e shall ha\'e been determined ond no
right of action shall occrue to the Insured
under this policy until thirty da)'s after
stich statement shall have been furnished
and no recovery shall be had by the In-
sured under this policy unless action shall
be 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 action
within the time hereinbefore specified,
shall he a conclusive bar against main.
tenance hy the Insured of any action
under this policy.
6. Option to Pay, Settle or Compro-
mise Cluims
The Company shall hove 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 sec;uren hy a mortgage covered hy
this policy, the Company shall have the
option to purchllse said indebtedness: such
purchase, pa)'ment or tender of payment
of the full amollnt of this policy, together
with all 1'0;,ts. attorneys' fees and ex.
penses which the Company is oblij!;ated
hereunder to po)', shall terminate all
liahility of the Company hereunder. In
the event, after notice of claim has heen
g"iven to the Company hy the Insured, the
Company offers to purchase said indebt.
edness. the owner of such indebtedness
shall transfer and assign said indebtedness
and the mortgage securing the same to the
Company upon payment of the purc;hase
price.
7. Pu}'ment of Loss
(a) The Liability of the Company
under this policy shall in no case exceed,
in 011, the actual loss of the Insured and
costs and attorneys' fees which the Com.
pony may be obligated 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 ottorneys'
fees in litigation carried on by the Insured
P-218 (C,S.)
with the written authorization of the
Company.
(c) No claim for dama~es shall arise
or he maintainable under this policy (1)
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 n reasonable time after
receipt of such not,ice, or (2) for liability
voluntarily assumed by the Insured in
settling any claim or suit without wrinen
consent of the Company, or (3) in the
event the title is rejected as unmarketable
because of a defect, lien or enc;umbrance
not excepted or excluded in this policy,
until there hos 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 be made without producinJ!,: this
polic;y for endorsement of such payment
unless the policy he lost or destroyed, in
which case proof of such loss or de3truc.
tion shall be furnished to the satisfaction
of the Company: provided, however, if
the owner of an indebtedness secured hy
n mortgage shown in Schedule B is an
Insured herein then such payments shall
not reduce pro tanto the amount of the
insurance afforded hereunder as to such
Insured, except to the extent that such
pnyments reduce the nmount of the in.
debtedness secured hy such mortgage.
Payment 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 Company to
the insured owner of the indebtedness
secured by such mortgage, except os pro-
vided in pnragraph 2 hereof.
(e) When liability has been definitely
fixed in accordance with the conditions
of this policy the loss or damage shall he
payahle within thirty days thereafter.
8. Liability Noncumulative
It is expressly understood that the
amollnt of this policy is reduced by any
amount the Company may pay under any
policy insuring the validity or priority of
ony mortgage shown or referred to in
Schedule B hereof or any mortgage here-
after executed by the Insured which is
a charge or lien on the estate or interest
descrihed 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-
bered 8 shall not apply to an Insured
owner of an indehtedness secured by a
mortJ!a~e shown in Schedule B unless
such Insured acquires title to said estate
or interest in ~atisfac;tion of said indeht.
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 sholl be suhrogated to and be entitled
to all rights and remedies which the
Insured would have had ap:ainst any person
or property in respect to such claim had
this policy not been issued. If the pa)'
ment does not cover the loss of the In.
sured, the Company shall be suhrogated 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 sholl
not void this policy, but the Company, in
that e\'ent, shall be required to po)' 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 Com pan)',
shall transfer to the Company all rights
and remedies against any person or prop"
ert). necessar)' in order to perfect such
right of subrogation, and shall permit
the Company to use the name of the
Insured in any transaction or litigation
involving such rights or remedies.
If the Insured is the owner of the in-
dehtedness secured by a mortgage covered
hy this policy, such Insured may release
or suhstitute the personal liability of on)"
debtor 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 indebted.
ness, provided such ad does not re,mll
in any loss of priority of the lien of the
mortp:ap:e.
10. Policy Entire Contract
Any action or actions or rights of action
that the Insured may have or may bring
against the Company arisinp: 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 basoo on
the provisions 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-
pany.
II. Notices, Where ~ent
All notices required to be 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 Cit)',
California 91409.
12. THE PREMIUM SPECIFIED IN
SCHEDULE A IS THE ENTIRE
CHARGE FOR TITLE SEARCH,
TITLE EXAMINATION AND TITLE
INSURANCE.
SECURITY TITLE
INSURANCE COMPANY
POLICY OF
TITLE
INSURANCE
/
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SECURITY
TITL.B
SECURITY TITLE
INSURANCE COMPANY
HOME OFFICE
13840 ROSCOE BOULEVARD
PANORAM" CITY. CALIFORNIA 81409
3444 WILSHIRE BOULEVARD
LOS ANGELES, CALIFORNIA 900S1
SECURITY TITLE
INSURANCE COMPANY