HomeMy WebLinkAboutD-1876
B~05806pcMO
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 22, 1972 , from or executed
by Lambert V. Morrison and Helen S. Morrison , 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
authori officers.
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The
is hereby approved
as to fOnD.
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J RECORDING REQUESTED BY
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'"CITY OF ARCADIA
AND WHI!N IIltCOADI!O ...All. TO
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No",. City Clerk
St,..t P.O. Box 60
Addreu
City & Arcadia, Ca. 91006
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MAIL 'AX STATEMENTS '0
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No",. City of Arcadia
Street
A.dd,e..
City &
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RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY, CAUF.
OR SECURITY TITLE INSURANCE CO.
MAR 26 1973 AT 8:01 A.M.
Registrar.Recorder
BKD58D6pC439
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SPACE ABOVE THIS LINE FOR RECORDER'S USE
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Grant Deed
D.T.T. S. uNC:lN.E:.uu
TO 405 CA 19.6B)
THtS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
LAMBERT V. MORRISON and HELEN S. MORRISON
hereby CRANT(S) 10 the CITY OF ARCADIA, a Municipal Corporation,
the following described real properly in Ihe
Counly of :Los Angeles
City of Arcadia,
1 State of California:
The southerly 6 feet of Lot 55 of the Haven Tract, in the City of Arcadia, County of
Los Angeles, State of California, as per map recorded in Book 13, Pages 22 and 23 of
Maps, in the office of the County Recorder of said County.
lree recording requested under
Gov. Code 6103. Document
necessary' due to ~itI acguir~
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Helen S. 'Morrison . -,
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STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES 55.
On before me, the under-
signed. 11 Notary Public in and for said State. personally appeart:'d
Lambert V. Morrison and Helen S.
Morrison
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. known to me
to he the personJ!..-..-whose namp s are suhscrihed In the within
instrument and acknowledged that they executed the same.
WITNESS my hand and official seal.
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Name (Typed or Printed)
OFFICIAL SEAL
FLORENCE E. NEERGARD
NO' Af~" PUBLIC-CALIFORNIA
LOS ANGELES COUNTY
MyCcmrmsslon Expires Mar. 4,1976
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P_ O. Box 60. Arcadia. CA. 91006
(Till~ all'8 for (lnldal notarial ~('all
Tille Order No.
Escrow or Loan No.
MAIL TAX STATEMENTS AS DIRECTED ABOVE
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GRANT DEED
GRANT DEED
Title Insurance
and
Trust Company
Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
- '.
MARK H. BLOODGOOD
AUDITOR.CONTROLLER
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COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
H53 HALL OF ADMINISTRATION
LOS ANGELES, CALIFORNIA 90012
625.3611
ROBERT A. GILL
CHIEF DEPUTY
E. GUERRERO
CHIEF, TAX DIVISION
October 18, 1973
The City of Arcadia
240 West H1mt1ngton Drive
Arcadia, California 91006
RECEIVED
OCT 231973
CITY OF AHL,.......u,..
CITY ",TIORNEY
Attention: Robert D. Ogle
City Attorney
SUBJECT: Colorado Boulevard Widening
Portion of Lot 55 of Haven Tract
acquired from Lambert V. and Helen S.
Morrison
Gentlemen:
Pursuant t~ your letter dated April 3, 1973,
taxes have been cancelled in aC0Qrdance with Section
4986 of thp. R13venue and Taxation Corle. This cancel-
lation was orrlered by the Hon~rable Peard of Super-
visors Oct. 17, 1973,
by Auth'lrization Nt'. 33063.
Very truly yours,
MARK H. BLOODGOOD, Aurlitor-GcntroUp.r
~d/JtY l-:.,(,'/':!-.J/.,"/ ,-,,-:.f' 1~(7
By Erlwarrl Guerrero, Chief, Tax Division
EG;MG/tc
Tax Div. #C-11 3/'r3
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AprU 3, 1973
,Mr. Mark H. Bloodgood, Auditor-Controller
500 West Temple Street, Room 153
Los Angeles, Calitornia 90012
Attention: Tax Cancellation Section
Subject: Request tor Cancellation ot Taxe8
Colorado Boulevard Widening
Lambert V. and Helen S. Morrison
Dear Mr. Bloodgood:
Please cancel as ot the date ot recording all taxes on
the property described in that attached copy of deed. This
property 18 tor street widening purposes. There i8 no buUd1ng
on it.
Very truly yours,
ROBERT D. OOLE
City Attorney
RDO:at
Attachment
cc: City Clerk V'
ReCor~~~g Requested By
. 'CITY OF ARCADIA
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City
P.O.
Arcad
lerk
ox 60
a, CA.
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY. CALIF.
SECURITY TITLE INSURANCE CO.
MAR 26 1973 AT 8:01 A.M.
Registrar-Recorder
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.When Recorded Hail To
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91006
F~ee reoording requested under
Gov. Code 6103. Document
necessary' due .to 'City. acquiring
.U tle.J _-. .
SPACE ABOVE THIS LINE FOR RECORDER'S USE
DEED OF PARTIAL RECONVEYANCE
Pursuant to a written request made by the Beneficiary, the undersigned, as Trustees
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MORRISON & HELEN S. HORRISON, husband & wife, as as Trustor, in which
Joint Tenants TRUSTS
GARRISON, D'AGOSTINO & YIM, INC. PENSION & PROFIT SHARING PLAN is named as
.Beneficia~y and WILLIAM G. REID, JR. & H. BRADLEY JONES
as Trustees, and
July 27
, 19~, Book T 7701
, Page
705
. recorded
Official Records of
Los Angeles
County, California, do hereby grant
. and convey unto the person or persons legally entitled thereto, without warranty,
.all the estate and interest derived to the Trustees, under said Deed of Trust, in
.and to that portion of the property described in said Deed of Trust, located in
.the County of
Los Angeles ,California, described as follows:
The southerly 6 feet of Lot 55 of the Haven Tract, in the City of Arcadia,
County of I,os Angeles, State of California, as per map recorded in BoG\l< 13,
Pages 22 and 23 of Maps, in the office of the County Recorder of said Cupnty~
Dated:
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Los Angeles, California
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a Notary Pu lie in and for said I
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BBCURITV
T1TLS
CLTA.1963
AMENDED 1969
STANDARD COVERAGE
POLICY OF TITLE INSURANCE
issued by
SECURITY TITLE INSURANCE COMPANY
Security Title Insurance Company, a California corp<?ration, herein caned the Company, for a valuable
consideration paid for this policy, the number, the effective date, and amoun.t 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 ~ith 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 her,eby in the
land described or referred to in Schedule A, existing at the date hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and S~ipulations;
.,
2. Unmarketability of such title; or
3. Any defect in the execution of any mortgage shown in Schedule H securing' an indebtedness, the
owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the
lien or charge of said mortgage upon the estate or interest referred. to i~ this policy; or
4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred
to in Schedule H, 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.
~~.
Secretary .
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C)<C. ~,1yzAlI
An Authorized Signature
P.2IS (0.5.) .s...~O In......''.:. C""'palty of _'IC'. Aegllw-.d 1......... 0.......
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, ill Schedule A
and improvements affixed th~reto which by
law constitute real property;
(h) "public records": those records
which impart constructive notice of mat.
ters relating to said land:
(c) "knowledge": actu&l knowledge,
not constructive knowledAe Or notice which
mllY he imputed to the Insured hy reason
of any public records;
(d) "date": the effectiVe date;
(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 JIlortgap;e
shown in Schedule B is named as all
Insured in Schedule A, the Insured shall
include (I) each successor in interest in
ownership of such indebtedness, (2) any
such owner who acquires the eslate or
interest referred to in this policy by fore-
closure, trustee's sale, or other legal man-
ner in satisfaC'tion of said indehtedne~s,
and (3) any federal agency or instrumen.
tality which is an insurer or guaranlor
under an insurance contraC:t or f!;uaranty
insurin~ or ~uaranleeing said indebtedness,
or any part thereof, whether named as
an Insured herein or not, subject other.
wise to the provisions hereof.
2. Benefits after Acquisition of Title
If an insured owner of the indehtedness
secured by a mort~age described in Sched.
ule B acquires said estate or interest, or
any part thereof, by foreclC)sure, trustee's
sale or other legal manner in satisfaction
of said indebtedness, or any part thereof,
or if a fedelal agency or instrumentality
acquires said estate or interest, or any
part thereof, as a consequ~nce of an in.
surance contract or guaranty insuring or
~lIaranteein~ the indehledn~ss secured by
a mortgage covered by this policy, or any
part thereof. this policy shall continue in
force in favor of such InSUred, a~ency or
instrumenlality, subject to 1111 of the con.
ditions and stipulations her~of.
3. Exclusions from the Coverage of
this Policy
This policy does not insure against loss
or damage by reason of the following:
(a) Any law, ordinanC:e or govern.
mental regulation (including hut not Iim.
ited to building and zonin~ ordinances)
restricting or regulating or prohibiling the
occupancy, use or enjoymellt of the land,
or regulating the character, dimensions, or
location of any improvement now or here.
after erected on said land, or prohibitill~
a separatIOn in ownership or a reduction
in the dimensions or area of any lot or
parcel of land.
(b) Governmental rights of police
power or eminent domain unles.. notice
of the exercise of such rights appears in
the public records at the date hereof.
(c) Title to any property beyond the
lines of the land expressly described in
Schedule A, or title to streels, roads,
:1venues, lanes, ways or waterways on
which such land abuts, or Ihe right to
maintain therein vaults, tunnels, ramp~ or
any other structure or improvement: or
any rights or easements therein unless this
policy specifically provides that such
property, rights or easements are insured,
except that if the land abuts upon one or
more physically open streets or highways
this policy insures the ordinary ri~hts of
ahutting owners for access to one of such
stt eets or highways, unless otherwise ex.
cepted or excluded herein.
t d) Defects, liens, encumbrance.., ad.
verse claims agalllst the title as insured or
other matters (I) created, suffered, as.
sumed or agreed to by the In~ured 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 heen made
to the Company prior to the date of this
policy: or (3) resulting in no loss 10 the
Insured Claimant: or (4) attaching or
created subsequent to the date hereof.
(e) Loss or damage which would not
have been sustained if the Insured were
a purchaser or encumhrancer for value
without knowledge.
(f) Any "consumer credit protection",
"truth in lending" or similar law.
4. Defense and Prosecution of Ac.
tions - Notice of Claim to be Gh'en
by the Insured
(a) The Company, at its own cost and
without undue delay shall provide (I) for
the defense of the Insured in all litigation
consisting of actions or proceedings com.
cenced against the Insured, or defenses,
restraining orders, or injunctions inter.
posed against a foreclosure or sale of Ihe
mortgage and indebtedness cuvered by this
policy or a sale of the estate or interest
in said land; or (2) for such action as
may be appropriate to establish the title
of the estate or interest or the lien of the
mortgaj!e a" insured, which litigation or
action in allY of such events is founded
upon an alleged defect, lien or encum.
hrance insured against by this policy, and
may pursue any litigation to final determ.
ination in the court of last re:,ort.
(b) In case any such action or pro.
ceedin~ shall be begun, or defense inter.
posed, or in case knowledge shall cOllie to
the Ihsured of any claims of title or in.
terest which is adverse to the title of Ihe
estate or interest or lien of the mortf:!;af:!;e
as insured. or which might cause loss or
damage for which the Company shall or
llIay be liable by virtue of this policy, or
if the Insured shall in good faith contract
to sell the indehledness seemed hv a mort.
~a~e (;o\"ered hy this policy, o'r. if an
Insured in good faith leases or eonlwrt"
to sell, lea~e or morqmge the same, or if
the sllC'ce"sful bidder at II forecloslllt~
sale under a mort~age covered by thi~
policy refuses to pUlchase and in any
such event the title to said estate or ill'
terest is rejected II" 1I111l1arketuhle, Ihe
Insured shall notify the Company thereof
in wnting". If such notice shall not llll
~iven to the Company within ten days or
the receipt of process or pleadings or If
the Insured shall not, in writing, prompt~y
notify the Company of allY defect, lien
or encumbrance insured against which
shall come to the knowledge of the In.
sured, or if the In,,uted shall nol, in
writing. promptly notify Ihe Company of
any such rejection by reason of rlaimed
unmarketahility of title, then all liability
of Ihe Company in rej!anl to the suhje{'t
matter of such action. proceeding: 01
matter shall rease ilnd terminate: pi n-
vided. however, that failure to notih
shall in no case prejudice the claim (;f
any Insured unless the Company shall
be actually prejudiced hy such faillllc
and then only to the extent of such
plejudice.
(c) The Company shall have the right
at its own cost to inslitute and prosecute
any action or proceedinp: or do uny other
act which in its opinion may be necessary
or desirable to estahlish the title of the
estate or interest or the lien of the mOl t.
gag:e as insured: and Ihe Company may
take any appropriate action under the
terms of this polic:y whether or not it
shall he liable thereunder and shall not
thereby C'oncede Iiahihty or wah'e any
provision of this policy.
(d) In all cases where this policy
permits or requires the Company to pro,.;-
ec)lte or provide for the defense of any
action or proceeding, the Insured shall
secure to it the right to so prosecute or
provide defense in such action or pro-
ceeding. and all appeals therein, Dnd per.
mit it to use. at its option, the name of
the lnsured for sllch purpose. Whenever
(Conditions and Stipulations Continued and Concluded on Last Page of This Policy)
P.21S:A (G S.) Rev.
Cahforma Land Title Association
Standard Coveroge Policy Form
Copyright l~
scm:DULE A
Efit~di\'e
Dalc:
March
Amount of Ii.lhility: S
26, 1973 at 8:01
2,000.00
A.M.
Pulk)' i\'o:
Premium S
7210636-45
50.00
INSURED
THE CITY OF ARCADIA,
a municipal corporation
1. The estate or intefe~l III Ihe land described Of rcfen cd to ill thi:.' ~chedllle co\'crct! hy this policy 18:
a fee
2. Title 10 the estate or interest co\'ered hy this policy aL the daLe hcreof i~ \'c~ted ill:
THE CITY OF ARCADIA,
a municipal corporation
;{. The land referred to in this policy is situated in Ihe State of California, County of
and is described as follows:
Los Angeles
The Southerly 6 feet of Lot 55 of the Haven Tract, in the
City of Arcadia, as per map recorded in Book 13, Pages 22
and 23 of Maps, in the Office of the County Recorder of said
Coun ty .
.
P.218.B (G S)
Cahfornla Land Title AssOClatLon
Standard Coverage Pohcy Fo'-m
C;opYrlght 1963
SCHEDULE B
Thi~ policy doei' nol in~llrc again.:-t )0:-;';: or damage hy n'a~oll of the following:
PAIlT I
1. Tu:\e:-, or u:,sc:-,sment!' which urc not ~howlI ns c:\.i~till;': liell:' hy the rCl oHI~ of any IH'\ill;! authority lhal levic:,
ta:\es or assessments 011 real property or hy the public IC('()I'(I:-:.
2. Any fads. ri;rhls: illlcre~ls. or claims "hidl arc not ~hO\\1l 11Y lhe public rccord~ hut \\hich could he :.l~("crtailled
hy an inspection of said land or hy llIukill;r inquiry of I'CI~OIl~ ill po:o:,c:,sion Ihcreof.
;;. Easemellt~. daims of easement or encllmlHilllt'CS \\hich :.Ire nol :-:ho\\ n liy the puhlic records.
l. DiscrepuIH;ies. ('onflicts in houndary lilies: ~horta!!e III :.Ilea. 1'11!'lo..w!JlIIcnl:o. or any other fi.ld~ whidl a ('orree!
~UrYC)' would di~c1()~e, and whkh ..1ft: 1101 ~howlJ by the puhlic' IcC'onl:--.
5. Unpalented milling claims; rc~erYatioll~ or cXlcl'tion;' ill patent-. or ill Act:- authorizing thc L-o:oUilllt'(' thereof;
water rights: daims or title to \,.aler.
PA HT II
1. General and special taxes for the fiscal year 1973-1974,
a lien not yet payable.
2. The right to lay pipelines for the conveyance of water
over said land, together with the right to enter upon to
examine and repair same, as provided in the deed from H. A.
Unruh, recorded September 16, 1890 in'Book 666, Page 313 of
Deeds.
Said easement is blanket in nature.
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Lci~ 33--1l1r<< 01 ,/l{.B. 13/22-?3
"Thi~ pint is fvr }Olll [lId HI JO('.JIIUg your lund ",jth rdCll"IICe to ;;tlcetil lllld ollll'r
ptlrn~b. It is not II ~ul"cy. While thi5 1)I:1t is bdie','eJ. to Le ('orn'ct, the Company assumes
110 Habilit)' for an)' Joss OCCIlr! ing hy reason of reliun('(' lhereon."
SECURIT'>'- TITLE
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CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
requested hy the Company the Insured
shall give the Company all rea~onab.le
aid in any such action or proceedmg, m
effectin~ settlement, securing evidence,
obtaininF; witnesses, or prosecuting or de.
fendinv; 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 writinv;
of any loss or damaf:!:e for which it !s
claimed the Company is liable under thiS
policy shall he furnished to the Company
within sixty days after such loss or dam.
af:!: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 heet1 furnished
and no recovery shall he had by the In.
sured under this policy unless l1ction shall
be commenced thereon within fi\'e years
after expiration of said thirty day period.
Failure to furnish such statement of loss
or damav;e, or to commence such action
within the time hereinhefore 5pecified,
shall he a conclusive har agoinst main.
tenance by the Insured of" ilny action
under this policy.
6. Option to Pay. Settle 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 by the owner of the indehted-
ness secured hy a mortgage covered by
this {loHey, the Company shall have the
option to purchase said indebtedness: such
purchase, payment or tender of payment
of the full amount of this polic.y, together
with all costs, attorneys' fees and ex-
penses which the Compan)' ig obligated
hereunder to pay, shall terminate all
liahilit)' of the Company hereunder. In
the event, after notice of claim has heen
p:iven to the Company by the Insured, the
Company offers to purchase sllid indeht-
edness, the owner of such indebtedness
shall transfer and assi!!n said irtdebtedness
and the mortl!age securing the game to the
Company upon payment of the purchase
price.
7. Payment of Loss
(a) The Liability of the Company
under this polic)' shall in no cilse exceed.
in all, the actual loss of the Insured and
('osts and attorneys' fees which the Com-
pany may he obligated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against by this policy,
aU costs imposed upon the Insured in
litiJ!;ation carried on by the Company for
the Insured, and all costs and attorneys'
fees in litigation carried on by (he Insured
P-218 (O.S,l
with the written authorization of the
Company.
(c) No claim for damages shall arise
or he maintainable under this policy (I)
if the Company, after ha\'ing 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 hy the Insured in
settlin~ any claim or suit without written
consent of the Company, or (3) in the
event the title is rejected as unmarketable
because of n defect, lien or encumbranl'e
not excepted or excluded in this poli(:y,
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 prodllcinl! 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 he 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 amount of the
insurance afforded hereunder as to s1ll'h
Insured. except to the extent that such
payments reduce the amollnt of the in.
debtedness secured hy such mortl!a~e.
Payment in full by any person or voluntary
satisfaction or release hy the Insured of
a mortgage covered hy this policy shall
terminate all liahilit}. 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 heen definitely
fixed in accordance with the conditions
of this policy the loss or damage shall he
payable within thirty da}'s thereafter.
8. Liability Noncumulative
It is expressly understood that the
amount of this policy is reduced by any
amount the Company may pay under any
policy insurin(! the validity or priority of
any mortp:age shown or referred to in
Schedule B hereof or any mortgap:e here.
after executed by the Insured which is
a charp:e 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.
hered 8 shall not apply to an Insured
owner of an indebtedness secured by a
mortp:llp;e shown in Schedule B unless
such Insured acquires title to said estate
or interest in satisfaction of said indeht.
edness or any part thereof.
9. Subrogation upon Payment or
Settlement
Whene\'er the Company shall have
settled II claim under this policy, all right
of subrogation shall vest in the Company
unaffected by any act of the Insured, and
it shall he subrogated to and he 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 cover' the loss of the In-
sured, the 'Company shall be 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 act of the Insured, such act shall
not void this policy, but the Company, in
that evcnt, shall be required to pay only
that part of any losses insured against
hereunder which shan exceed the amount,
if any, lost to the Company by reason of
the impairment of the ri~ht of subrogation.
The Insured, if requested by the Company,
shall transfer to the Company all rilthts
and remedies against any person or prop'
ert)' necessary in order to perfer:t such
right of subrogation, and shall permit
the Com pan)' 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
by this policy, such Insured may release
or substitute the personal liability of any
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 indebted-
ne,.s, provided such a('t does not result
in any loss of priority of the lien of the
mortl!ap:e.
10, Policy Entire Conlruct
Any action or actions or rights of action
that the Insured may have or may bring
against the Company arising out of the
status of the lien of the mortgage covered
hy this policy or the title of the estate or
interest insured herein must he based on
the prm'isions of this policy,
No provision or condition of this policy
can he wnived or changed 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 offirer of the Com.
pany.
II. NOlit'ell, \\'l1erc St:nt
All notices required to he given t1H~
Com puny nnd any statcllll'nt in writillj!
required to he furni~hcd lhe ComplltlY
shall be llddres~t'd In it lit the otllCe which
issued thi:-: policy or to ill' Home Ollit'e.
13640 Roseoe Boulevard, Punoruma Clly.
Califnrniu 91409.
12. HIE PREMIUM SPECIFIED I'"
SCHEDUI.E A IS TilE E"'TIIIE
CHARGE FOR TITI.E SEARCH.
TITLE I-:XAMINATION Ai'll) TITI.E
INSUIlANCE.
j
1
SECURITY TITLE
INSURANCE COMPANY
POLICY OF
TITLE
INSURANCE
~
..CURITV
TITLB
SECURITY TITLE
INSURANCE COMPANY
HOME OFFICE
13640 ROSCOE BOULEVARD
PANORAMA CITY, CALIFORNIA 91409
3444 WILSHIRE BOULEVARD
LOS ANGELES. CALIFORNIA G0051
SECURITY TITLE
INSURANCE COMPANY