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Home My WebLink AboutD-1727 I ('\ \\ If :, 1'- CERTIFICATE OF ACCEPTANCE ~ K 044/ 9 P G ZZ7 h. , . f ) h' 1 d T 1S 1S to cert1 y that t e 1nterest in rea property conveye or transferred to the City of Arcadia, a municipal corporation, by the deed, grant, conveyance or instrument dated April 8, 1968 , from or executed' by Joseph R. Timpone , 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 0 icers. C1') CJ1 ~ ~/!~~ City Engineer The document thus de hereby approved as to form. ~~2 ..; - -- Cit;A~ V'V"- A B ~ U4419 P G ZZ6 .~CITY OF ARCADIA RECORDED IN OFFICIAL RECORDS . OF LOS ANGELES COUNTY. CALIF. FOR TITLE INSURANCE & TRUST CO. 1969 AT 8 A.M. JUN SO RAY E. LEE, Registrar.Recorder I FREE~R 1 , AND WHEN RECORDED ....AIL TO I Nam. City Clerk P.O. Box 60 J 51r..1 Addt.., City & 51al.L Arcadia... Cali"f. 67 01 16 ~ I J SPACE ABOVE THIS LINE FOR RECORDER'S USE FREE recording requested essential to acouisition see gov't code 6103 DOCUMENTARY TRANSFER TAX $.....!;!...,!;!,Q............ ~ *~~ Titie Insurance and L Tr:.sst Com:;>;;ny IGNED - P,4RTY R EN. FIRM NAME As instructed by City of Arcad ia __ MAil TAX STATEMENTS TO Nam. City of Arcadia 5tt.ol Addrou Cily & State L -.J Grant Deed AFFIX I.R.S. $.................... ................. ABOVE TO 405 C (4_671 THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, JOSEPH R. TIMPONE hereby GRANT(S) .10 the CITY OF ARCADIA, a Municipal Corporation, in fee for public street and road purposes, to become a part of and to be known as Baldwin Avenue, in, on, upon and across the following described real property in the City of Arcadia, County of Los Angeles , State of California: That portion of the north 50.00 feet of Lot 384 of Tract No. 6561, in the City of Arca~ia, County of Los Angeles,_State of California, as per map recorded in Book 72, Pages 34 and 35 of Maps, in the office of the County Recorder of said County, included within the following described lines: Beginning at the southeast corner of Lot 383 of said Tract; thence westerly along the southerly line of said Lot 383 to the beginning of a curve, concave northwesterly having a radius of 15.00 feet, said curve being tangent northerly to the westerly line of the easterly 15.5 feet of said Lot 383; thence northeasterly along said curve to said westerly line; thence northerly along said westerly line a distance of 177.5 feet; thence northerly in a direct line to the point of intersection of the westerly line of the easterly 12.00 feet of Lot 386 of said Tract with a line drawn at right angles through a point in the northerly prolongation of the westerly line of said easterly 15.5 feet of said Lot 383 and distant northerly along said line and prolongation 300.00 feet from the northerly terminus of said curve; thence northerly along the westerly line of said easterly 12.00 feet to the northerly line of said Lot 386; thence easterly along said northerly line to the easterly line of said Lot 386; thence southerly along the easterly line of said Lots 386, 385, 384 and 383 to the point of beginning. ~I >- o '" ~ Cl j W .. '" .. U l:: !:;! iJ 5 Dated (Lf~ f: I"(C? ~~.(R j~~ oseph R. Timpone ) 1 J ) , if ~\. }ss. T to be the person_whose namf" is instrument and acknowledged that he WITNESS my hand' and official seal. "'"".o~, e 71< Name (Typed or Printed) . known to me subscribed to the within executed the samt". ~'''''~''''~'''''''-'''-<''~:":-1 - I"... 'f -'I' ~ (J.' I' ""u\L ..."".".1....- FLORWCE E. NEERc;,RO NOTARY f'U8UC - Ci\UFURNIA LOS ANGELES COUNTY. MyCommisslon Expires Mar, 4, 1972 Cf'. (",) ~ P. 0, Box 60. Arcadia, Calif. (This ut'a fO! omclal notatlal $eal) Title Order No. Escrow or Loan No, MAIL TAX STATEMENTS AS DIRECTED ABOVE . j;~~.. " - j\"~ -- -'. . }, .' GRANT DEED -':pi tle-Insu:rauee-- and . Trust Company ." , , . " \'i"' t ,'I -,' \. : COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL . - GRANT DEED ---Title-Insurance,_ and " , I .Tr-q.st Company COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL ' - .. ., , ,," "'--..... ... ~". .1';'". ....\ COUNTY OF LOS ANGELES ~-//i(/I . / , 153 Ilr.LL OF ADMlNlSl1'V.T10N ) HOO~RT A. 'G~'.,/ CHIf.l- ut:f'l'TY DEPMc'fMENT OF AUDl1'Olc-CONTROLLEll LOS I,NG!~LES. CAUI-OHNI,; 00012 Ci2!.i.3Gll J. H. PA!;SAfll:L1.A. clw:r. TAX DIVISION MAR.K H. i'SLOODGOOD ....UDI1 OI{.('ONTgOLLl:R Mr. Robert D. Ogle City Attorney 240 West Huntington Drive 'Arcaida, Calif. . 91006 RECEiVED MAR 23 1970 CITY OF ARCADIA crn: AlTORNEY Dear Sir: Pursuant to your letter dated July 23, 1969 taxes' have been cancelled in accordance with Section' 1~986 of the Revenue and Taxation Code. This cancel- lation 1-.'as ordered by the Honorable Board of Supcr- visors Sept. 2, 1969 by Authorization No. 12074. Very truly yours, I-1:,V);; B~ODGOOD, ~,uC~i::r-Controller O\...t:::~.... - By J. R. Passarella, Chief 1'ax Division JRP(EMP/tc .- CITY COUNCIL DON W. HAGE MAYOFt City of Arcadia C. ROBERT ARTH MAYOR PRO TEM EDWARD L. BuTTERWORTH ROBERT J. CONSIDINE JAMES R. HELMS. JR. ~ 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA L.YMAN H. COZAD CITY MANJ,QER , CHRISTINE VAN MAANEN CITY CLERK July 23, 1969 Mr. John R. Passarella, Auditor-Controller 500 West Temple Street, Room 153 Los Angeles, California 90012 Attention: Eleanor Parker, Tax Cancellation Section Subject: Request for Cancellation of Taxes Baldwin Avenue Parcel No. lln Dear Mr. Passarella: Please cancel as of the date of recording all- taxes on the property described in the enclosed copy of deed. This prop- erty is part of a larger parcel acquired for street widening purposes. There is no building on it. Very truly yours, ~~ RO T D. GLE City Attorney RDO: jh Ene. 1- MAILING ADDRESSES CITY HALL P. O. BOX eo 91006 LIBRARY 20 W. DUARTE ROAD 91008 POLICE DEPARTMENT P. O. BOX eo 91008 FIRE DEPARTMENT 7105 SANTA ANITA AVE "'008 TELEPHONES 448.4471 . 661.0278 448.7111 447.2121 448.2128 i- City Clcrk P.O..Box 60 'P \ ___..' __ ,..,_-=_ __~__ ..,.... __... .. ;~~;!.: ~:[E, -' - -- .-. . .~-- G'~ & ~!o:" L ..J 1959 AT ;; A.M. \ RooiSI (ar.n::co~~br ."'....' . r .~"...h.~'~. ......... -... . '._"', I ..:,.,,::.;.,: '. \ _...~ - ~...:~::. :-, '.~~.;'. -:..... } : lI,..n 5'1<,,,1 ""!":' Arcod"i-a-. canf. 6'1 8] lf55 -!-.~_.- ~ :F.CE""'--,.\~"F-'""'It':m-L:1NE-For.: HECORCEH'S USE -.--- pn:~E :eecord irlg !'8q'Jested cGsential to a cO;, is it ion .see g~)V I t code 6103 x",', City of Arcadia r ..,..........'---..--,-.,-.------, '-""--' ~l:t.l I DQC:"':f~:Cf':T.-';;::Y T~:.'.;"!S:::':~ Tl~X ~:__...~....g.9__.u....... I I.J~~: ,I /i' I ..1.....<...:..' ..'..,J I /"",.. I, Tl~: i:'~~'-::ce :>nd <" · i7 1, ,,/) -r" 1\'.1'; l_. \!l /, Co,), ..:.I..!~' ,.-,." J:'i:."..;r:! I 7JL/..t...7(,!2.; _ / c; t? --"7 f)..J '.:,.i:.:::-::i)-~'..p:~:,17Ci~.i;s~,,]i -;':~;:'Ji!.~;~E- J \.~. f f",. .. !\3 ins':'.I.:t':i h" ...QJJ.Y.., of Arcau ia 1'i.l-. . ~"":f'i~r.~~-. -'~':'~r.~:-:::;J~: :n:',;,~;;::;;;:;;~~,~,;:;~;~'.~:;:"::";'~~:'::'::;;. ':;12 s-i( -- 3 S'" ?1- 3 /; -- ~_: -...-,----..--,~-.--._..~,,~~,~<. _,_______ I Grant Deed I Arm I.R.s. S , "',ll, !, ~ Slll~'.f',:S ,'=' r -, .... Auon: "0 .:-;".. c .4.C;71 THIS FORM FURf'..:!SH!::O IJY TITLE If.lsunANCE A....D TRUST COMPANY rOll A VAl.UAJ~CO~SlDEI1ATIOf\:, JOSEPH R. TIH?ONE Ti::cC"ip: of whi(;h is herehy . fll;kllowl~dgcd, h('rl.'by Cn..\NT(S) 10 . the CITY OF ARCADIA, a }lurd.cip~l Corporation, in fee for pt~blic street ar:d ro.?lc1 purposes) to beco;ne a pat"t of and to be l~nm'm 3S B.:lldHill P~vcnuc) in, on, upon and acr(l~S the following de:,,:<,rib:::d real property in the City of A.ccadi.a, Count}' of Los Angeles ----~St~u~.~f-c;j;f'~~;;i;;;.--.y'--.~~.. Th2t portion of the north 50.00 feet of ~JC't 3e.{~- of l'r:o.ct No~ 6561, i.n the City of Arcndi.a) County of Los Ang~lcs) St:::.te. of C.::tJ.1_forni.a" .:'lS pc:'r l~18p ~econl~d in Book 72,- rcl.Zcs 3!.f and 35 of Hal15: in the office of the Cotmty Rccol'der of r.uid COlJllty, in~ludcd \.]i.th~n the fo11o-;'Jing described J.ir~es: ]}(~zinning Clt th(~ S0tlthc~st cot'n~r of Lot 383 ()f sAid Tract.; thence \'J~stE:l:ly r11oi.lg the southerly 11.ne of sai.d Lot 383 to the bc-::gLlni;lg of a cnrve > C(-'!'IC~\'8 ~lol:'l:h\vestel~ly hc~\'in.5 a rRdius of .1.5.00 feet" said curve bc?~ng t2.ngcnt nort11~11.ly to the Hester1y l..i_r:c of the (.{Jsterly 15.5 feet of salcl Lot 383; thencc;> r~or!:ht~c?st:crly along said Clf,l.-VC to said Hcst:cl:ly line; thence ]lorthcrly 21o!lg said '....est.:!rly li.ne a dist[-tl1cC of 177.5 feet; .,' thence northerly in a dir.ect' lin8 to the point of: tflt0.r&ection of the \V'cstcrly 1 i.ile of ~:i the cc:.si:~1:1y 12.00 feet oE I~ot 386 of sRid Tr:1ct \d.!:h [t line drG.i,;n .at rieht c:ne1es through u point 5.n the llorlherly pL''Jlong;:ltiol1 ~f t!lC:: '\'~cf.tcrly li.ne of s,gi.d cnsterly 15.5 feet of SAid l,lot 383 8r>d <Jj stant nOi.:thcl'ly n10n3 sei.cl line and prolollzat:5.on 300.00 feet ft'o~t the northerly tcrn~in~s of said CUl"'lC:; thcn.cc flQl.t.hcrly along tb.e 'tvestC'.1.:1y li.ne of sai.d eflsterJ.y J.2.00 f",et l'o the no;:i:h:::cly li.ne of saL1 Lot 386; thence casterly ,,-long. 8uJ.d l1o:i.t:hcrly line to the c.:if.;terly lilH: of f:aid },ot 3ft6; tl,cncc ~()llthe~ly ~lon13 the eastc-rly line oE said Lots 386, 38:)) 38tf .....nd 3C13 to the point of be~Jnnine. _' , -"f 0(: r-: nalccl _._L.e./t.'..e:~L':'-1.j_...i!.'...--- --. / ~ ". C I _____2\:_~:~b::.,~:_.1.~:_.~t;~.__ ~..! -~..::::~.',-vl;j.:.:::~:.:>;... {) ;roscph R. l'il~i-,one / ST'"!"!" r,l' (\lll'(IJ'''[.\. } .. .~ . - t, \1\ . 5' CU;)~TY cE___1-:QS~LciGj~Ja.;:.s______ ~, , (.' ..; .' i j'- !. </ (; V I ,r. . . I.." .1.. (~1I _____..~~/'~-:1._~.....-:. "':__ _I___<-U-.-:-_ 1o.;.vl.... .Il':' t _ l.lh.... ~J~.::::d. :~ :--..,I;';Y l'I:!..:C :n :~!l,l ("I ;:..1,1 ~t:::'.'. ~":'1~",':,:1:: :.::!~,:.!,..:l ...__~j_p_~.9..rJl._J::~_ 'f':tlg~~2.D['L__ _ ..~.__ ____._____ .m____H.. .. ----. ------ --- --------.- -~.- ---.--------- __ .____._>...._..__ _.____ ____ _u__ _ ____ _._. _.___. ________.>_ . ~.1i\,\'. '1 t(. rl:" . I I \\ n ';j.:.~S Ii'> "'~ll.i at:'! ~,~lio:j,,1 ~~:tl. .,;.d . ,..(:-;: :-::1' ,l":l:r.! -:~&~.':.J--~,.:_~.,-.l..~I __~-::.:.._ " ")' f, //!~"",~.,,-<,-.,:\. ~Y.. . f . /J ...____. ______. ._________.___L..._______._n ____..__. :\:!.I'l" iT~:"d ..r 1'. ;11:':ct) t, .'. :.J. ..: '.r , I.' . .' t'l.C;~;'.... ~ ~. ,<~~..: '.:. j > .~.:;. ".. .: ~ ,"'':, " ;;1,,',.:',.. ..:..1.... , 1\~.:.~~:;:. ..,.') L:}.; .l',;:~'::! t:c; (:,,,..r;.I'Y ;< ~ ,. ,. :.::..(,l.r"........: :f:' ;::_~ .::..';, E;:' ,'. ).-.........::;.; ,;:,--~:..~..,;;;._-:;-".,:,....--.'.-:;."-;.~-::. ""-"~: '.,. ........... ."..-, ~; I" :,,' thl: 1".~,:~.Il.._ __ _.\.,1,,,~._ ll.JJr,,'__. 1)~_.._ _I:: .'.j I;j~'d :" :\.. "jll,::1 il'.,!: lHn~',lt '11I,i r.,,:~II',\,.kdf,l'll t1::11___ h e~...- _ l'~':;t.:I,:";.! II::: ~,ljJj('. P. (1. !lv" Bel, f.f~:::d;.:, '::-1'(. t':','. ~:"J l,.: .,~:. i,' :1"~HL'1 ,.'. '! "-- ~:~;;.1~:.0;;!~-~---~~~~.--.:.._~: .=-:=~:~.=.~~~~~~~..~~~-~_~~~=-~~~.1-.~-,~~;.~~,~~~1- ~ t;~ _~=-~ ~~~~=_~~~~.==~~~~~_.~.~~~~~=.~-- ---I ..........._ _.. . .' .... .... .....__. ._ ,,__n__.__... ._____..._....___. ____...... _____.__._";"'__ __'.__" _.__.."_'_.._" n ._.___.___ ...------..1 f~ffV TO 1012 Fe (7-08) Colifotnie lend Title Association Standard Coverage Policv Form Copyright 1903 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust 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 parries named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with cases, 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 C, existing at (he date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2. Urunarketability of such title; or 3. Any defect in the execution of any mort'gage shown in Schedule B 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 in this policy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred (0 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; II b. h ,,'~""""\."\.\."\'\h, f Sch dul A B d C d h C d" d S' I . a su Ject, owever;- to the p,rovlslons 0 e es , an an to t e on Itlons an tlpU atlOns hereto annexed?""- ~CE AND T~it"\\l .: ~~ 00000000 \$'''', ~ "> 00'011<<: IS PFlO~'.oo ' I, ,*'!' 0 00 ~ .g P: ll',:., ' ~.oo <> Ih f . . j:t ~ o,~ ~41t.,.1;l'aEfln',JJ:7.'ltness~U7i ereo, Title Insurance and Trust Company has caused Its ;-! ...... 0 ~- q. (\ ~,-9- (f' 0 4 rJ ~ lI.J g~. cor,porate1name and seal to be hereunto affixed by its duly authorized officers ~ ~.. l..r" \'r"""",\ '" -0 ~ I:! ;=! g , . ,~ onHhe'.date shown.in Schedule A. ~ _ 0-". ~<>I \~~O Z ~ r; I-' 0 . /". ,I 0 -< % 'l. 0', -"', 'u ''''~.a ,I, ,'~g ~ Z >< O.A :,\ ....,. I' <:>0 ;.>! Title Insurance and Trust Company 'I. .... oo-S-", -::C*, ,:''>'0\0 >} ::: " ~ oo~s .,"-.-," 'I-~o L_ ~ '" ()" Oo~4 TE IS G~ooo, ,......::: t v 000000 ~v ...::::" 1\\\\~NGELES, () ~~ \\\\'\"\."\."\..""~- by ;) vi.&- ~ PRESIDENT Attest ~H-~ SECRETARY CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "land": (he land described, specific, ally or by rden::nct', in Schedule C and Improvements affixed thereto which by law constitute real property; (b) "public records": those records which impart constructive notice of matters relating to said land; (c) "knowledge": actual knowledge, not constructive knowledge or notice which may be imputed to the Insured by reason of any public records; (d) "date": the effective date; (e) "mortgage": mortgage, deed of trust. trust deed, or other security instrument; and (f) "insured": the party or parties named as Insured, and If the owner of the in- debtedness secured by a mortgage shown in Schedule B is named as. an Insured In Schedule A. the Insured shall include (1) each successor in interest in ownership of such indebtedness, (2) any such owner who acquires the estate or interest referred to in this policy by foreclosure, trustee's sale. or other legal manner in satisfaction of said indebtedness, and (3) any federal agency or instrumentality wbich is an in- surer or guarancor under an insurance con- tract or guaranty Insuring or guaranteeing said indebtedness, or any part thereof, whether named as an insured herein or not. subject otherwise to the prOVisions hereof. 2. BENEFITS ARER ACQUISITION Of TitlE If an imured owner of the indebtedness secured by a mortgage described in Sched. ule B acquires said estate or interest, or any part thereof, by foreclosure, trustee's sale, or otner 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 insurance contract or guaranty insuring or guarantee. Ing 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 conditions and stipula- tions hereof. 3. EXCLUSIONS FROM THE COVERAGE Of THIS POLICY This policy does nOt insure against loss or damage by reasons of the following: (a) Any law, ordinance or governmental regulation (including but not limited 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 ;lny improvement now or hereafter 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. (Il) Governmental rights' of police power or eminent domain unless notice of the exercise of such rights appears in the public rewrds at the date hereof. (c) Title to any property beyond the hnes of the land expressly described in Schedule C, or title to streetS, roads, ave- nues, lanes, wa)'S or waterways on which ~uch land abuts, or the right to maintain therem vaults, mnnels, ramp~ or any other structure or improvement; or any rights or easements therein unless rhls policy speCIfiC- ally proVides that such property, rights or easements are insured, except thar if the land abuts upon one or more physically open srreets or high\vays this policy insures the ordinary tlghrs of abutling owners for access to one of such streets or highways. unless otherWise excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against the title as insured or other matters (1) created, suffered, assumed or agreed to by the Insured claiming loss or d.amage; or (2) known to the Insured Claimant either at the date of this policy or at the date such Insured Claimant ac- quired an estate or interest insured by this policy and not shown by the publ ic records, unless disclosure thereof 10 writing hy the Insured shall have been made to the Com. pany prior to the date of thiS poilcy: or (3) resultlOg in no loss to the Insured Claim- ant; or (4) attaching or created subsequem to the date hereof. (e) Loss or damage which would not have been sustalOed if the Insured were a purchaser or encumbrancer for value with- out knowledge. 4. DEfENSE AND PROSECUTION Of ACTIONS -NOTICE Of CLAIM TO BE GIVEN BY THE INSURED (a) The Company, ar its own cost and without undue delay shall proVide (I) for the defense of the losured in all litigation consisting of actions or proceedings com- menced agalOst the Insured, or defenses, restraining orders, or injunctions interposed against a foreclosure or sale of the mort. gage and indebtedness covered by this pol icy 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 imerest or the lien of the mort. gage as insured, which litigation or actIOn in any of such events is founded upon an alIeged defect, lien or encumbrance in- sured against by this policy, and may pur. sue any litigation to final determinatIOn in the court of last resort. (b) In case any such action or proceed. ing. shall be begun, or defense interposed, or In case knowledge shall come to the In- sured of any claim of title or IOterest which is adverse to the title of the estate or in- terest 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 polilY, or if the Insured shall in good faith contract to sell the in. debtedness secured br J. mortgage covered by thiS policy, or, i 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 mort- gage covered by thiS policy refuses to pur- chase and in any such event the title to said estate or interest IS rejected as un- marketable, 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 plead. lOgs or If the Insured shall not, in writing, promptly notify the Company of any de. fect. lien or encumbrance insured against which shall come to rhe knowledge of the Insured, or if rbe Insured shall not, in writing. promptly notify the Company of any such rejection by reason of claimed un. m.trketabilny of title. then all liability of tht: Company in regard 10 the subject matter of such action, proceeding or matter shall cease and terminate; provided, however, that failure to notify shall in no case plejudice the claim of any Insured unless [he Company shall be actually prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at ItS own COSt to institute and prosecute any action or proceeding or do any other act which 10 its opinion may be necessary or desirable to establish the tule of the estate or imerest or the lien of the mort. gage as insured; and Ihe Company may mke any appropnate action under the terms of this policy whether or not It shall be liable thereunder and shall not thereby concede liability or waive any provision of this policy. (d) In all cases where this policy per- mits or requires the Company 10 prosecute or provide for the defense of any action or proceeding, the Insured shall secure [0 it rhe right [0 so prosecute or provide de- fense in such action or proceeding, and all appeals therein, and permit It to use, at Its option, the name of the Insured for such purpose. Whenever requested by the Com. pany the Insured shall give the Company all reasonable aid in any such action or proceeding, in effeering settlement, sewnng evidence, obtaining witnesses, or prosecu- ting or defending such actIOn or proceed. ing, 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 10 writing of any loss or damage for which it is claimed the Company is liable under this policy shall be furnished to the Company withlO sixty days after such loss or damage shall have been determined. and no fight of action shall accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shall be had by the Insured under this policy unless action shall he commenced thereon withlO five years after expiration of said chirty day period. Failure to furnish such statement of loss or damage, or to commence such action within the time hereinbefore specified, shall be a con. clusive bar against maintenance by the In- sured of any 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 IOdebtednes, secured by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness, such pur- chase, paymem or tender of payment of (Conditions and Stipulations Continued and Concluded on Lost Page of This Policy) TO 1012.) AB C CalifornIa land Title Assoclotlon Standard Coverage POllcy-1963 SCHEDULE A Premium $I.fO.O 0 Amount $ 2,000.00 Effective Date June 30, 1969 at 8:00 a.m. Policy No. 67 81 165 INSURED CITY OF ARCADIA, a municipal corporation. 1. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF ARCADIA, a municipal corporation. 2. The estate or interest in the land described or referred to in Schedule C covered by this policy is a fee. SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. so TO 1012.1B Cant. C California Land Title Auaclotlon Stondord Caverolil. Pollcy.1963 S C H E D U L E B - (Continued) PART II 1. General and special county and city taxes for the fiscal year 1969-1970, a lien not yet payable. 2. Co:vanants, Restrictions Executed By Recorded 3. An easeme nt purposes stated In Favor Of For Recorded Affects conditions and restrictions in the declaration of : Security Trust & Savings Bank (now Security- First National Bank of Los An~les) : prior to February 15, 1950 in book 2679 page 48, Official Records affecting the portion of said land and for the herein, and incidental purposes : Security Trust & Savings Bank conduits and pole lines : prior to February 15, 1950 in book 3089 page 65, Official Records : the rear 4 feet of said land 4. Covenants, conditons and restrictions in the above recorded instrument. Which provide that a violation thereof shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value. 5. An easement purposes stated In Favor Of For Re corded Affects affecting the portion of said iand and for the herein, and incidental purposes : Southern California Edison Company, a corporation : poles : May 20, 1952 in book 38979 page 380, Ofnc ial Records : the rear 4 feet of said land The poles of said line shall be located within one foot of the rear line of said lot. 6. A deed here in and Dated Amount Trustor of trust to secure an indebtedness of the amount stated any other amounts "payable under the terms thereof, : February 20, 1965 : $20,500.00 : Joseph R. Timpone, a single man TrustEle i Benefic ary Recorded . . . . Hanna Realty Corporation, a corporation Coast Federal Savings and Loan Association or Los Angeles, a corporation March 24, 1965 in book T-4261 page 735 Official Records 2594 Instrument No. : 7. A deed here in and Dated Amount Trustor Trustee Beneficiary of trust to'secure an indebtedness of the amount stated any other amounts payable under the terms thereof : February 23, 1965 : $1,700.00 ' : Joseph R. Timpone, a single man Title Insurance and Trust 'Company, a corporation : W. Edwart Hart and Vera W. Hart, husband and wife as joint tenants : March 24, 1965 in book T-4261 page 736, Official Records Instrument No. : 2555 q Said deed of trust is subject to the deed of trust shown above. Recorded 8. A lease, affecting the premises herein stated, executed by and between the parties named herein, for the'term and upon the terms covenants and conditions therein provided, Type of Lease Subsurface Oil and Gas Dated : May 27, 1968 Lessor : Joseph R. Timpone, Caron A. Timpone, husband and wife Lessee Standard Oil Company of-California, a corporation Recorded : June 20, 1968 in book MQ2894 page 308, Official 'Records Affects : that portion lying below a depth of 500 feet from the surface. No representation is made as to the present ownership of said leasehold or matters affecting the rights or interests of the lessor or lessee arising out of or occasioned by said lease. . TO 1012-I-l056-1C C American Land TItle Association loan P+,lIcy Additional Coveroge-l962 '" California Land TItle Association Standard Cowrage Pol1cv-1963 SCHEDULE C The land refelTed to in this policy is situated in the county of Los Angeles, state of California, and is described as follows: That portion of the north 50.00 feet of Lot 384 of Tract No. 6561. in the City of Arcadia. County'of Los Angeles. State of'California. as per map recorded in Book 72. Page's 34 and 35 of 'Maps. in the office of the County Recorder of said County. included within the following described lines: Beginning at the southeast corner of Lot 383 of said Tract; thence westerly along the southerly line of said Lot 383 to the beginning of a curve. concave northwesterly having a radius of 15.00 feet. said curve be ing tangent northerly to the westerly line of the easterly 15.5 feet of said Lot 383; thence northeasterly along said curve to said westerly line; thence northerly along said westerly line a distance of 177.5 feet; thence northerly in a direct line to the point of intersection of the westerly line of the easterly 12.00 feet of Lot 386 of said Tract with a line drawn at right angles through a point in the northerly prolongation of the westerly line of said easterly 15.5 feet of said Lot 383 and distant northerly along said line and prolongation 300.00 feet from the northerly terminus of'said curve;thence northerly along the westerly line of said easterly 12.00 feet to the northerly line of said Lot 386; thence easterly along said northerly line to the easterly line of said Lot 386; thence southerly along the easterly line of said Lots 386.385.384 ~Ra 383 to the point of beginning. . ~234VC --J . l ,. ~ :- '" '" ~ 1i 60 ' I . <:) <:) "" LRS @ I I N.8/"/O'E TUNRS ~ <:) , DRIVE ~ ,ty'4S0 cC.!J.,r.", 60 TRACT No. 656/ Mop Book 72, Poges 34 & 35 LOTS .383 To 459 This is not a survey of the land but is compiled for information by the Title Insurance and Trust Company from data shown by the official records. " <:i ~H' 'l., '. o ~ " "i I CONDITIONS AND STIPULATIONS (Continued ond Concluded From Reverse SIde of Policy Foce) lhe full amount of this policy, together wilh all COStS, attorneys' fees and expenses which the Company is obligated hereunder 10 pay, shall terminate all liability of the Company hereunder. In the event, afeer notice of claim has been given to the Com. p.my by the Insured, the Company offers to purchase said indebtedness, the owner of such indebtedness 5hall transfer and assign said indebtedness a(ld the mortgage secuflng the same to the Company upon payment of the purchase price. 7, PAYMENT OF LOSS (a) The liablliq' of the Company under this policy shall in no case exceed, In all. the actual loss of the Insured and coSts and attorneys' fees which the Company may be obligated hereunder to pay. (b) The CompaJ'lY will pay, in addition to any loss insured against by thIS policy, JII costs imposed upon the Insured in liti- gation carried on by the Company for the Insured, and all co5ts and attorneys' fees in litigation carried on by the Insured with lhe written authorization of the Company. (c) No claim for damages shall arise or be maintainable uoder this policy (1) if the Company, aftel having received notice of an alleged defect. lien or encumbrance not excepted or excluded herein remove~ :,"ch defect. lien or encumbrance within a reasonable time after receipt of such notice. or '(2) for liability voluntarily assumed by the Insured in setthng any claim or SUlt without written consent of the Company, or (3) in the event the tide is rejected as unmarketable becallse 0"( a defect, lien or encumbrance noc excepted or excluded in this policy, until there has been a fmal determination by a court of competent juris. diction sustaining ~uch rejection. (d) All payments under this policy, ex- cept payments made for costs, attorneys' fees and expenses, shall reduce the amoum of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Com. pany; 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 such Insured, except to the extent that !'uch payments reduce the amount of the indebtedness secured by such mort. gage. Payment in full by any person or voluntar( satisfaction or release by the In- SUled 0 a mortgage covered by this policy shall terminate all 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 condition~ of this policy the loss or damage shall be pay. able 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 any policy insuring the validity or priority of any 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 described or referred to in Schedule A, and the amount ~o paid shall be deemed a pay. ment to the Insured under this policy. The proVisions of this paragraph numbered 8 shall not apply to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unle~s such Insured acquire~ title to said estate or interest in satisfaction of said indebtedness or any pan thereof. 9. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under thiS policy. all right of sub. rogation shall vest in the Company un- affected by any act of the Insured, and it ~hall be subrogated to and be entitled to all rights and remedies which the Insured would have had against any person or prop- erty in respect to such claim had this policy not been issued. If the payment does not cover the loss of the Insured, the Company shall be subrogated [0 such rights and remedies in the proportion which said pay- ment bears to the amount of said loss. If @ los~ should result flOm .lny act of Ihe In- sured. such act shall not void this policy, but the Comp,lny, in that event. shall be reqUired to pay only th.u pan of any losses insured .lgainst hereunder which shall ex. ceed the amount. if .my, I~l!i.t to the Com- pany by reason of the impairment of Ihe right of subro~atinn. The Insured, if re- quesred by the Company, shall transfer to the Company all fights and remedies against any person or property n~essary in order to perfeCt such right 0 subrogation, and shall permit the Company to use the name of the Insured in any IransaCtion or litigation involvinJ:l: such rights or remedies. If the Insured IS the owner of the in- debtedness secured by a mnrtgage covered by this poliCY, such Insured may release or subslitute the personal liability of any debtor or guarantor, or extend or otherwise modify [he terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any col- lateral security for the indebtedness, pro. vided such act does not result 10 any loss of priority of the lien of the mortga~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 status of the lien of the mortgage cnvered by this policy or the litle of the estate or interest insured herein must be based on the provislOm of thiS policy. No provision or condition of thiS policy can be waived or Changed except by wri(in~ endorsed hereon or attached hereto signed by the PreSident, a Vice President, the Secretary. an Assistant Secretary or other validating offICer of the Company. 11. NOTICES, WHERE SENT All notices required to be given till' Com. pany and any statement 10 writing rt'quired to be furnished the Company shall be ad- dressed to it al the office which issued this policy or to its Home Office, 433 South Spling Street, Los Angeles 54, California. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITlE SEARCH, TITlE EXAMINATION AND TiTlE INSURANCE. Title Insurance and Trust Company POLICY OF TITLE INSURANCE Providing direct title services or refe"al services throughout the United States and the territory of Guam. Title Insurance and Trust Company