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CERTIFICATE OF ACCEPTANCE
~ ~ 04619 ~ G 341
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 November 28, 1969 , from or executed
by Walter H. Angel and Ethel Angel , 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.
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, CityManae
The document thus described is hereby
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City Engineer
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approved as to form.
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.. City A Y
" \!CITY of" ARCADIA
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AND WHI!N RIltCORDI!:D MAIL TO
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Nam. City of Arcadia
SIr..' P.O. Box
Addr..,
City & 1006
Slat. L
MAil TAl( STATEMENTS TO
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Nome City of Arcadia
Str..,
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City &
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RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNlY, CALIF.
FOR TITLE INSURANCE & TRUST CO.
JAN 29 1970 AT 8 A.M.
RAY E. LEE, Registrar-Recorder
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SPACE ABOVE THIS LINE FOR RECORDER'S USE
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Grant Deed
D.T.T.$
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TO 40~ CA (9.68)
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, re~~ipt of which is hereby acknowledged,
WALTER H. ANGEL and ETIlEL ANGEL
,
"
hereby GRANT(K) to the CITY OF ARCADIA, a Municipal Corp
the following described real property in the
County of Los Angeles
City of Arcadia,
, State of California:
OFFICI}~ BUSINESS
Document Entitled to Free Reoord!
Gov, Code Sec. 6103
Those portions of Lot 19 and 20 in Block 79 of the Arcadia Santa Anita Tract, in the
City of Arcadi~, County of Los Angeles, State of California, as per map recorded in
Book ,is, Pages 89 and 90 of Miscellaneous Records of said County, described as follows:
Beginning at the southeast corner of said Lot 19; thence northerly along the easterly
lines of said Lots 19 and 20 to the northeast corner of said Lot 20; thence westerly
along the northerly line of said Lot 20 to the westerly line of the easterly 20.00 feet
of said Lot 20; thence southerly along said westerly line to the southerly line of the
northerly 16.00 feet of said Lot. 20; said point being the beginning of a tangent curve.
concave easterly having ~ radius of 540.00 feet; thence southerly along said curve 95.74
feet :1:0 the southerly line of said Lot 19; thence along last mentioned southerly line
11.75' feet to the point of beginning.
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Sianilture oi O:;cinront o. Agcni: ~f:;:e!!'-'1:n:n3 tax. Firm Nama
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STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES SS.
On M-tr,.;l Jj I '/ (, Y before me, the under.
!iigned, a Notary Public in and for !iaid Stale. per~onally appeart'd
Walter H. Angel and Ethel Angel
.,
,.
. known to me
10 be the person~whose name S are subscribed 10 the wilhin
instrument and a?knowledged lhal They executed the same.
WITNESS my hand and official seal.
S;gnature ~ )rJ.-(.~~
NOR,.\ HIGGINS ' - cr i/ . ,
My Commis~ion Expire:; July lO! 197..0
Name (Typed or Printed)
1
'I . NOR,~ HIGGINS
it ;l~~':;!~r,:;; NOTAR( rUDUC . CALIFORNIA
~~'":: PRIN:IPAL OFFICE IN:J
COUNTY OF LOS ANGELES
~~J;1X:.~:.ec-
.. '~i IC AGENCY, NO TAX STATEMENT"
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(Thl~ area for Oml'la! notarllll seal)
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Title Order No.
Escrow or Loan No.
MAIL TAX STATEMENTS AS DIRECTED ABOVE
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GRANT DEED
GRANT DEED
--~- --- - - -Title-I-nsurance- - -- -~Title-I-nsurance-
and and
Trust Company Trust Company
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
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MARK H. BLOODGOOD
AUDITOR.CONTROI.,I..ER
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
153 HALL OF ADMINISTRATION
LOS ANGELES. CALIFORNIA 90012
ROBERT A. GILL
CHIEF OEPUTY
625-3611
J. R. PASSARELLA, CHIa:F,
TAX DIVISION
August 26, 1970
RECEiVED
AUG 28 1970
City of Arcadia
240 West Huntington Drive
Arcadia, California 91006
Attn: Robert D. Ogle
City Attorney
Re: Second Avenue Widening
Pore Lots 19 and 20 Block 79
Arcadia Santa Anita Tract
Walter H. and Ethel Angel, grantors
CITY OF ARCADIA
CITY AlTORNEY
Gentlemen:
Pursuant to your letter dated February 9, 1970,
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 Super-
visors March 3, 1970 by Authorization No. 14630.
Very truly yours,
MAR~BLOODGOOD, Auditor-Controller
By J. R. Passarella, Chief
Tax Division
JRP/E.MP/tc
DON W. HAGE
MAYOR
City of Arcadia
C. ROBERT ARTH
"'AYOR PRO TEIoII
EDWARD L. BUTTERWORTH
ROBERT J. CONSIDINE
JAMES R. HELMS, JR.
~
240 WEST HUNTINGTON DRIVE
ARCADIA, CALIFORNIA
LYMAN H. COZAD
CITY IoIIANAOER
CHRISTINE VAN MAANEN
CITV CLERK
Fcbru.a~y 9, 1970
r.:.r. John R. PauscTel1c" Audi tOl:'-Cont2"o11oI'
SOO West Temple Street. Roo~ 153
Loa j~~JloG, Ca11rOTn~G 90012
Attontion: E1oc.nor ParkoT, 'l'mc Cancollation Section
Subjoct: Roquoot fOT Cancellation of Taxss
Waltor. U. ~n3el and Etho~ ~~301
Socond Avonuo Widenil~
Doar r.1r. PC3sarolle.:
2:>100,30 cG..ucul CexDS on tho plOp;.lrty doocribod in the
cncloooc.1 copy of dood ac of tl10 date of' rocording.
Very truly yours,
ROBEH':i' D. OGLE
City AttoZ'noy
RDO/ltd
Enclosu;:o
~
MAILING ADDRESSES
CITY HALL P. O. BOX 80 91008
LIBRARY 20 W, DUARTE ROAD 91008
POLICE DEPARTMENT P.O, BOX 80 91008
FIRE DEPARTMENT 710 S. SANTA ANITA AVE. 91008
TELEPHONES
448..4471 . 881-0276
448.7111
447.2121
448.2128
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TO 1012 Fe (7-bS).
ClIlifornia lllnd Title Auocilltion
Stalldllrd Coverage Policy FOrm
Copyright 1963
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 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 consolidation,
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 tide to the estate or interest covered hereby in the
land described or referred to in Schedule C, existing at the date hereof, not shown or referred to
in Schedule B or excluded fcom coverage in Schedule B or in the Conditions and Stipulations; or
2. Unmarketahility 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, 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 mongage, at the date hereof, of any lien .or encumbrance not shown or referred
to in Schedule B, or excluded fcom coverage in the ConditIOns and StipulatIOns, said mortgage
being shown in Schedule B in the order of its priority;
. """""""""
all subject, howevei?,to the provISIons of Schedules A, Band C and to the Conditions and Stipulation~
hereto annexed~":.~CE AND 1'~~\'\111
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~ I.4.J o~~ cOfPorate'name and seal to be hereunto affixed by Its duly authOrized officers
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by
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PRESIDENT
Attest
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SECRETARY
CONDITIONS AND STIPULATIONS
1. DEFINITION OF TERMS
The followmg terms when used in this
policy mean:
(a) "land": the land descrIbed. specific-
ally or by rden:,nce, 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 nmice which
may be imputed to the Insured by reason
of any publIc lecords;
(d) "date": the effective date;
(e) "mortgage": mortgage, deed of trust,
trust deed, or other security instrument; and
(f) "msured": the party or parties named
as Insured, and if the owner of [he in-
dehtedness secured by a mortgage shown in
Schedule B is named as. an 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 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 which is an in-
suter or guaranror 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 AFTER 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 orher 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 follow 109:
(a) Any law, ordinance Dr governmental
regulatiDn (including but not limited to
building and zoning Drdinances) restricting
or regulating or prohibiting the occupancy,
use Dr enjoymeor of the land, or regulatmg
the character, dimensiDns, or location of
any improvement now or hereafter erected
on said land, nr prohibiting a separation in
ownership or a reduction in the dimensions
or area of any lot or parcel of land.
(h) Governmental rights'of police power
or eminent domain unless norice of the
eXCfClse of such rights appears in the public
re(ords at the date hereof,
(c) Tide to any property beyond the
lines of the land expressly described in
Schedule C, or title to streets. roads. ave-
nues, lanes, ways or waterways Dn which
such land abut.., or the right to maintain
therem vaults, tunnels. ramp~ or any other
structure or improvemeor; or any rights or
easements therein unless {his policy specific-
ally provides that such properly. 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 riFhts of abutting owners for
access to Dne of such streets or highways.
unless otherwise excepted or excluded
herem.
(d) Defects, liens, encumbrances. ad\'erse
claims against the title as insured Dr other
matters (1) created, suffered. assumed ur
agreed tD by the Insured claiming loss or
damage; or (2) known (0 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 shDwn by the public records,
unless disclo~ure thereof in writing by the
Insured shall have been made to the Com-
pany pnor to the date of this policy; or (3)
resulting in no loss to the Insured Claim-
ant; 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 encumbrancer for value with-
out knowledge.
4. DEFENSE AND PROSECUTION OF ACTIONS
-NOTICE OF CLAIM TO BE GIVEN 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.
menced against the Insured, or defenses,
restraining orders, or injunctions interposed
against a foreclosure Dr sale of the mDrt.
gage and indebtedness covered by this pDlicy
or a sale of the estate or interest in said
land; or (2) for such action as may be
appropriate to establish (he title of the
estate or interest or the lien Df the mort-
gage as msured, which lItigation or actiDn
in any of such events is founded upon an
alleged. defect, hen 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 interest which
is adverse to the title of the estate Dr in-
terest Dr lien of the mortgage as insured,
or which might cause lDss or damage for
which the Company shall or may be liable
by virtue of this polity. or if the Insured
shall in good faith contract to sell the in-
debtedness secured br a murtgage co\'ered
by this pohcy, or, i an Insured in gODd
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 m any such event the title to
said estate or interest is rejected as un-
marketable. the Insured shall notify the
Company thereof in .writlOg. If such notice
shall not be given tD the Company withm
ten days of the receIpt of process or plead-
ings or if the Insured shall not, in writing,
promptly notify the CompJny of any de-
fect. lien or encumbrance insured ag,linst
which shall come to {he knowledj::e of the
Insured, or if the Insured shall nOlo in
writing. promptly notify the Company of
any such rejection by reason of claImed un-
marketability of title. then all liability of
the CDmpany in regard to the subject matter
of ~uch .Icnon, proceeding or matter shall
cease and telminate; provided. however,
that failure to notify shall in no case
prejudice the claim of any Insured unless
the Company shall be actually prejudiced
by such fadure and then only t(l 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 in its opinion may be necessary
or desirable to establish the title of the
estate or interest Dr the lien of the mort-
gage as IOsured; and the Company may
take any appropnate aCtion under the terms
of this pDlicy whether or not It shall be
hable thereunder and shall not thereby
concede hability or waive any provision of
this policy.
(d) In all cases where this policy per-
mits Dr reqUIres the Company to prosecute
or provide for the defense of any action
or proceeding. the Insuled shall secure to
it the right to 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 rhe Insured for such
purpose, Whenever requested. by the Com-
pany the Insured shall gIve the Company
aU reasonable aid in any such action or
proceeding, in effecting settlemem, securing
evidence, Dbtaining witnesses. or proseCu.
ting or defending sllch action or proceed-
ing. and the Company shall reimburse the
Insured for any expense so IOcurred.
5. NOTICE OF LOSS - LIMITATION OF
ACTION
In addition to the nDtices required under
paragraph 4(b), a statement in writing of
any IDss or damage for which it is claimed
the Company is hable under thiS policy
shall be furnished to the Company within
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 shaH be had by the Insured
under this pDlicy unless action shall be
commenced thereDn within five year.. after
expiration of said thirty day period. Failure
to furnish such statement of loss or damage.
or to commence such anion within the
time hereinbefore specified, shall be a con-
clusive bar against malOtenance by the In-
suted of any anion under this policy.
6. OPTION TO PAY, SETTlE OR COMPRO-
MISE CLAIMS
The Company shall have the optlon to
payor settle Dr 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 mdebtedm."s,
secured by a mortgage covered hy this
policy, the CDmpany shall have the option
to purchase said indebtedness; such pur-
chrise, payment or tender of payment of
(Conditions and Stipulations Continued and Concluded on Lost Page of This Policy)
TO 1012-1 AB C
California Land Title Auaclotlon
$tandcud Cowroge PoIlcy-l963
SCHEDULE A
Premium $i70."v
Amount $ 2, 000 . 00
Effective
Date January 29, 1970 at 8:00 a.m.
INSURED
Policy No. 69 42 775
THE CITY OF ARCADIA, a municipal corporation
Re: Second Ave. Right-of
Way Acquisition - Job
349 Parcel # 3
1. Title to the estate or interest covered by this policy at the date hereof is vested in:
THE CITY OF ARCADIA, a municipal corporation
2. The estate or interest in the land described or referred to in Schedule C coyered 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 Qssessments which are not shown as existing liens by the records of any taring authority that
levies tax~s 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.
+. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which 8
correct sun-ey 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.
80
TO 1012-18 Cont. C
CalifornIa Land nuo "uoelatlon
Standard Coyorag. Pollcy-1963
SCHEDULE B- (Continued)
Superior Court, Los Angeles County
December 12, 1969
City of Arcadia, a municipal corporation
vs. Ethel Angel, et al.
NEC 9079
to condemn the fee simple title to said
property for the use of a public right of
way
Parcel 6
1. General and special
year 1969-1970.
Second Installment
2. An action in the
Commenced
Entitled
Case No.
Nature of Action
Affects
Notice of the pendency of
Recorded
PART II
county and city taxes for the fiscal
$289.25
Parcel No. 5773-7-14
Those portions of Lot 19 and 20 in Block
79 of Arcadia Santa Anita Tract, as per map
recorded in book 15, pages 89 and 90 of
Miscellaneous Records, in the office of the
Los Angeles County Recorder, described as
follows:
Beginning at the southeast corner of said lot
19; thence northerly along the easterly lines
of said lots 19 and 20 to the northeast corner
of said lot 20; thence westerly along the
northerly line of said lot 20 to the westerly
line of the easterly 20.00 feet of said lot
20; thence southerly along said westerly line
to the southerly line of the northerly 16.00
feet of said lot 20; said point being the
beginning of a tangent curve concave easterly
having a radius of 540.00 feet; thence
southerly along said curve 95.74 feet to the
southerly line of said lot 19; th'ence along
last mentioned southerly line 11.75 feet to
the poin~ of beginning.
said action was
January 7, 1970 in
Official Records
book M-3383 page 953,
TO IOI2-1-1056-IC C
American Land TUIe AuocIal1on Laan Policy
Additional Cowrav--1962
0'
Callfomla Land Tlt'- Auoclatlon
Standard Coverago Pollcy-1963
SCHEDULE C
The hmd referred to in this policy is situated in the county of Los Angeles, state of California,
and is described as follows;
Those portions of lot 19 and 20 in block 79 of the Arcadia
Santa Anita Tract, in the city of Arcadia, county of Los
Angeles, state of California, as per map recorded in book 15
pages 89 and 90 of Miscellaneous Records of said county,
described as follows: '
Beginning at the Southeast corner of said -lot 19; thence Northerly along
the Easterly lines of said lots 19 arid 20 to the Northeast
corner of said lot 20; thence Westerly along the Northerly
line of said lot 20 to the Westerly line of the Easterly
20.00 ~eet of said lot 20; thence Southerly along said Westerly
line to the Southerly line of the Northerly 16.00 feet of said
lot 20; said point being the beginning of a tangent curve concave
Easterly having a radius of 540.00 feet; thence Southerly along
said curve 95.74 feet to the Southerly line of said lot 19;
thence easterly along last mentioned Southerly line 11.75 feet to the
point of beginning.
.
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ALTA OR STANDARD COVERAGE
INDORSEMENT
AlTACHED TO POLICY NO. 69 42 775
ISSUED BY
Title Insurance and Trust Company
The following exclusion from coverage under this policy IS added to Paragraph 3 of the
Conditions and Stipulations:
"Consumer credit protection, truth in lending or similar law,"
The total liability of the Company under said policy and any indorsements therein shall not
exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated
under the conditions and stipulations thereof to pay.
This indorsement is made a part of said policy and is subject to the schedules, conditions and
stipulations therein, except as modified by the provisions hereof.
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Title Insurance and Trust Company
By
~N/~
SECRETARY
BO
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blocks nand 79
AQCADIA
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This is not a survey of the land but is compiled for information by the
Title Insurance and Tru.sf Company from data shown by the official records.
CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
the full amount of this policy. together
with all costs, attorneys' fees and expenses
which the Company is obligated hereunder
to pay, shall terminate all liability of the
ClIrnpanr hereunder. In the event. after
nOlice 0 claim has been given 10 the Com.
pany by the Insured, the Company offers
to purchase said indebtedness, the owner of
such indebtedness shall transfer and assign
.~,liJ indebtednes.~ and the mortgage securing
the same to the Compan}' upon payment of
the purchase price,
7. PAYMENT OF LOSS
(a) The liability of the Company under
this policy shall in no case exceed. In all.
the actual loss of the Insured and coSts and
attorneys' fees which the Company may be
obligated hereunder to pay,
(b) The Company will pay, in addition
to any loss IOsured against by this policy.
.111 co:>ts imposed upon the Insured in liti-
gation carried on by the Company for the
Insured, and all costs and attorneys' fees in
litigation carried on by rhe Insured with
the written authorIzation of the Company.
(c) No claim for damages shall arise or
be maintainable under this policy (I) if
the Company. after having received notice
of an alleged defect, lien or encumbrance
not excepted or excluded herein remove..
such defect, hen or encumbrance within a
reasonable rime after receipt of such notice.
or '(2) for liability voluntarily assumed by
the Insured in settling any claim or suit
wirhout written consent of the Cumpany.
or (3) in the event the title is rejecred a~
unmarketable because of a defect. hen or
encumbrance not excepted or excluded in
this policy, until there has been a fmal
determination by a court of competent juris-
diction sustaining such rejection
(d) All payments under this policy. ex-
cept payments made for COStS, attorneys'
fees and expenses, shall reduce the amount
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 se('ured by a mort~age
shown in Schedule B IS an Insured herein
then such payments shall not reduce pro
tanto the amount of rhe insuranCe afforded
hereunder as to such Insured. except to the
extent rhat such payments reduce the amount
of the indebtedness secured by such mort-
gage. Payment in full by any person or
voluntary satisfaction or release by the In-
sUled of a mortgage covered by this policy
..hall 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 wuh the condition.. of
this policy the loss or damage shall be pa}'-
ahle wirhlO thirty days thereaftet.
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 iOlerest
described or referred to in Schedule A, and
the amounr so paid shall he deemed a pay-
ment to the Insured under rhis policy. The
provisions of Ihis paragraph numbered 8
~hall not apply to an Insured owner of an
indebtedness secured by a mortgage shown
in Schedule B unless such Insured acquires
ritle to said estate or JOteresr in satisfaction
of said indebtedness or any part thereof.
9. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whenever the Company shall have serded
a claim under thiS POlICY, all right of sub-
rogarion shall vest in the Company un-
affected by any act of the Insured, and it
shall 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 rhis policy
not been issued. If the payment does not
cover the loss of the Insured. the Company
,hall be subrogated to such rights and
remedies in the proportion whi('h said pay-
ment bears to the amoum of said loss, If
I()~... should resulr from :tny act of the In-
sured. such act shall not void this pulicy.
but the Comp:IOY. in that event. shall be
required to pay only th,u part of any losses
IOsured altalnst hereunder which shall ex.
ceed the 'amount. if .Iny, lost 10 the Com-
pany by reason of the impairment of the
right of subrogation. The Insured, if reo
quested by the Company, shOll] transfer to
the Company all rights and remedies
against any person or property nCt.essary in
order to perfect such right of subrogatIOn,
and shall permit the Company to use the
name of the Insured in any Itansacrion or
litigation involving such rights or remedies.
If the Insured is the owner of the in-
debtedness secured by a mortgage covered
by this policy. such lmured may release or
substitute rhe personal liability of any
debtor or guarantor. or extend or otherwise
modify the leems of payment, or releas,'
a portIOn of the estate or interest from the
lien of the mortgage. or release any col-
lateral security for the indehtednes~. pro.
vided such act doe:> nOl resuh in any loss
of priotity of the lien of the mortga~e,
10_ POLICY ENTIRE CONTRACT
Any anion or actions or rights of action
that the Insured may have or Illay brin~
against the Company ari..lOg oul of the
starus of the lien of the mortgage coveted
by rhis policy or the tille of the estate or
interest insured herein must be based un
the provisions of this policy.
No provision or condition of thiS policy
can be waived or changed except by writing
endorsed herenn or attached hereto signed
by the President, a Vice President. th,.
Secretary, an Assistant Secretary or other
\'.llidating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be given the Com-
pany and any statement in wriling required
to be furnished the Company shall he ad.
dressed to it at the office which issued this
policy or It> ItS Home Office. 433 South
Spring 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 referral
services throughout the United States and
the territory of Guam.
Title Insurance
and
Trust Company