HomeMy WebLinkAboutD-1751
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CERTIFICATE OF ACCEPTANCE
~ K 04638 r G 286
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 February 5, 1970 , from or executed
by Peter Kiewit Sons' Co. , 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
authorize officers.
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is hereby approved as to form.
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AND WNIlN ItIlCOIltDED "'AIL TD
RECORDED IN OFFICIAL RECORDS
OF lOS ANGELES COUNlY, CALIF.
FOR TITLE INSURANCE & TRUST CO,
1970 AT 8 A.M,
FEB
20
1
Name City Clerk
Street P.O. Box 60
A.~dr..'
City & Arcadia, Calif. 91006
Stal. L
10
Nam. City of Arcadia
5lr_t
A.ddr.u
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RAY E. LEE, Registrar.Recorder
SPACE ABOVE THIS LINE FOR RECORDER'S USE
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OOCUNlENTARY TRANSFER TAX $m._1.~~................._._.____
-COMPUTED ON FULL VALUE OF PROPERrv CONVEYED
-OR COMPUTED ON FULL VALUE LESS LIENS AND
ENClJMBRANCES REMAINING AT TIME OF SALE.
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Signature of Decrar3nt or Agent det~~i~c ta.:~ame I
AFFIX' f ;:'R~E1'1;;1
I.R.S. ABOV~ !.J
City &
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Corporation Grant Deed
TO 406 CA (12-66)
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
fOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
PETER KIEWIT SONS' CO.,
a c'orporation organized under the laws of the state of Nebrask~,
hereby GRANTS to THE CITY OF ARCADIA, a Municipal Corporation,
the following described real properly in the City of Arcadia
County'of Los Angeles ,State of California:
That portion of Lot 6, in Block 84 of Santa Anita Tract,
Los Angeles, State of California, as per map recorded in
cellan~ous Records, in the office of the County Recorder
'Z follows: .
W Beginning at the intersection of the easterly line of Second Avenue, 60.00 feet wide,'as '
o ~ shown :on the map of said Tract, with a line that is parallel with and distant thereon
~a 10.00 feet, northerly of the northerly line of the Southern Pacific Railroad Right-of-Wa',
OWO 40.00 feet wide, as described in deed recorded in Book 423, Page 269 of Deeds, in said
~EQ office of the County Recorder; thence easterly along said parallel line a distance of
~ ~ 49.QO feet to the beginning of a tangent curye, concave easterly and having a radius of
oe; ~.... 19.00 feet, said curve also being tangent at its northerly terminus with a line that is Z
~Q~ parallel with a distant thereon 20.00 feet, easterly, of the easterly line of said Secon( g
m3~Avenue; thence westerly, northwesterly and northerly along said curve, through a central ~
Qu3 angle of 90. 00' 00" an arc length of 29.84 feet to said last mentioned parallel line; 5
3 w thence northerly along said last mentioned parallel line, a distance of 56.00 feet to th 0'
u~O beginning of a tangent curye, concaye westerly and having a radius of 540.00 feet; thenc '6
:::l3>- northerly along said last mentioned curye, through a central angle of 4. 46' 48" an arc
O~ length of 45.05 feet to a line that is parallel with said northerly line of the Southern
~~Pacific Railroad Right-of-Way and which passes through a point on said easterly line of
~Second Avenue, distant northerly thereon 120.00 feet from the point of beginning; thence
"westerly along said last-mentioned parallel line a distance of 18.12 feet to said easter y
, line of Second Avenue; thence southerly along said easterly line, a distance of 120.00
feet to said point of beginning.
In \Vitness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instru-
ment to be executed by its President and Secretary
thereunto duly authorized.
Dated: February 5, 1970
OIIBLlC AGENCY, NO TAX STATEMENT
in the City of Arcadia, County of \.. I~
Book 34, Pages 41 and 42 of Mis- ,jJ'=:.J
of said County, described as I~
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STATE OF~_ NEBRASKA
COUNTY OF nouglas
On 'F~hrllary 5~ 1970 hefore me. the under-
signed. a Notary Public in and for said Stale. personally appealed
Robert D. Wi 1 !=;on , known
to me to he ',hp President. and
.T::ImPR T ll'oley known 10 me to be
Secretary of the Corporation that c;..ccuted the
within Instrument. known to me to be the persons who executed the
within Instrument nn behalf nf the Corporal ion therein named, and
acknnwledged to me that such Corporation executed the within Instru
men! pursuant to. it.s' hy,laws or a resolution of ils board of directors.
WlT~E~S'~~"l~'~ d. a~tcM:a eal.
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Title'Oraer"No........j....- ...... l -:".
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PETER KIEWIT SONS' CO.
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OFFICIAL BUSIllESS' :"'.:;.; ",'! ,
Document Entitled to Free Recording'
Gov, Code Sec. 6103
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MAIL TAX STATEMENTS AS DIRECTED ABOVE
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CORPORATION
GRANT DEED
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COMPLETE STATEWIDE TITLE SERVICE
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COMPLETE STATEWIDE TITLE SERVICE
WITH ON~ LOCAL CALL
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TO 1012 Fe (7.bS)
Ct!llifornio!l It!lnd Title Assod<!ltion
Sflllndord Coverage Policy Form
Copyright 1963
POLICY OF TITLE INSURANCE
ISSUED BY
Title Insurance and Trust Company
Tide 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 [Q pay as provided in [he Condi[ions and
S[ipula[ions hereof, which [he Insured shall suscain 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 the 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. Unmarketabiliry 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 poltey, or
4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred
to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage
being shown in Schedule B in the order of its priority;
all subject, however~~i~))~~is1ons of Schedules A, Band C and to the Conditions and Stipulations
hereto annexed~:'~t.E I\/;O r~i-'\\\ll
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i?' '> ooo~€. IS PROooo r I,
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it ~ o.~ ....q. 'f.1JBDln~ W'ittnessCWhereof, Title Insurance and Trust Company has caused its
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:; lo.J g!..; . co!porate'n-"me and seal to be hereunto affixed by its duly authorized officers
~ -J g~ oiitth'eg~lh;';fin Schedule A.
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"1 (0 OOol"ATE IS GUooO ~'5
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Title Insurance and Trust Company
by
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PRESIDENT
Allest
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SECRETARY
CONDITIONS AND STIPULATIONS
1. DEFINITION OF TERMS
The following terms when used in this
policy mean:
(a) "land": the land described. specific-
ally or by rcfeft'nce, In Schedule C and
improvements affixed therew 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 (0 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 Of 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 which is an in.
surer or guarantor 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 IOterest, or
any part thereof, by foreclosure, trustee's
sale, or mher 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 guaramee.
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
any Improvement now or hereafter erected
on said land, or prohibiting a separation in
ownership or a reduction in the dimensions
(Jr area of any lot or parcel of land.
(b) Governmental rights' of police power
or eminent domain unless notice of the
exercise of such rights appears 10 the public
records 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 on which
such land abuts. or the right to maintain
therein vaults, tunnels, rarnp~ or any other
structure or improvement; or any rights or
easements therein unless this policy speClfic-
al1y provides that such property. rights or
easements are insured, except that If tht'
land abuts upon one or more physically
open streets or highways this policy insures
the ordinary rights of abuttin,t:: owners for
access to one of such streets or hi,t::hways,
unless otherWise excepted 01 excluded
herein.
(d) Defects, liens, encumbrances, adverse
claims against the title as insured or ocher
matters (I) created, suffered. assumed or
agreed to by the Insured claimln~ loss 01
damage; or (2) known to the Insured
Claimant either at the date of Ihis policy
or at the date such Insured Claimant ac.
quired an estate or interest insured by this
policy and not shown by the public records,
unless disclosure thereof in writinR by the
Insured shall have been made to Ihe Com.
pany prior to the date of this policy: or (3)
resulting in no loss (Q the Insured Claim.
ant; or (4) attaching or created subsequent
to the dale hereof.
(e) Loss or damage which would nor
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 (1) 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
agalOSt a foreclosure or sale of the mort.
gage and indebtedness covered by this pohcy
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 hen of the mort-
gage as insured, which litigation or action
in any of such events is founded upon an
alleged 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 interest 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 policy, or if the Insured
shall in good faith contract to sell the in.
debtedness secured br a murtgage 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 poilcy refuses to pur-
chase and 10 any such event the title to
said estate or interest is rejected as un.
marketable, the Insured shall notiEy the
Company thereof in .writlOg If such notice
shall not be given to the Company within
ten days of the receipt of process or plead.
ings or if the Insured shall not, in writing,
promptly notify the Company of any de.
fect. lien or enculllhr,lnce insured against
which ~hall come to the knowledge of the
Insured. or if the Insured shall nm, in
wnttng. promptly notify the Company of
any such rejectIOn by reason of c1atmed un-
marketability of tnle, then all ilability of
the Company in regard to the subject matter
of ~ucb action. proceeding or matter shall
cease nnd termlOate; 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 failure and then only to the extent
of such prejudice.
(c) The Company shall bave the right
at its own cost to institute and prosecute
any action or proceeding or do any olher
act which in its opinion may be necessary
or desirable to establish the title of the
estate or interest or the lien of the mort-
gage as IOsured; and the Company may
take any appropriate action under the terms
of this policy whether or not it shall be
liable thereunder and shall nm thereby
concede liability or waive any proVision of
this policy.
(d) In all cases where this policy per-
mits or reqUires the Company to prosecute
or provide for the defense of any actIOn
or proceeding, the Insured shall secure to
it the right to so prosecute or provide de-
fense in such action or proceeding, and all
appeals therem, and permit it 10 use, at Its
option, the name of rhe 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 effecting settlement, securing
evidence, obtaining witnesses, or prosecu.
ting or defendlOS such actIOn or proceed.
ing, and the Company shall reimburse the
Insured for any expense so incurred.
S. NOTICE OF LOSS - LIMITATION OF
ACTION
In addition to the notices required under
paragraph 4(b), a statement in writing of
any loss or damage for which it is e1aimed
the Company is liable under this policy
shall be furnished to the Company within
sixty days after such loss or damage 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 been furnished, and
no recovery shall be had by the Insured
under thIS policy unless action shall he
commenced thereon Within five years after
expiration of said thirty day period. Failure
to furnish such statement of loss or damage,
or to commence such action within thl..'
time hereinbefore specified, shall be a con-
elusive bar against maintenance by the In-
sured of any action under this pollcy.
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 insUled
against or to pay the full amount of this
policy, or, in case loss is e1aimt'd under thi~
policy by the owner of the indehtedne.~\
secured by a mortgage covert'd hy this
policy, the Company shall have the option
co purchase said indebtedness, such pur-
chase, payment or tender of payment of
(Conditions and Stipulations Continued and Concluded on Last Page of This Policy)
TO 1012-1 AS C
California Land Title Auodatlon
Standard Coverage Pollcy-l963
SCHEDULE A
Premium $ 't () .DC>
Amount $ 2,000.00
Effective
Date FEBRUARY 20, 1970 AT 8:00 A.M. Policy No, 69 42 777
INSURED
THE CITY OF ARCADIA, A MUNICIPAL CORPORATION
RE: SECOND AVE. RIGHT-
OF-WAY ACQUISITION
JOB 349 PARCEL 5
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 ill 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. TUe5 or assessments which are not shown as existing liens by the records of any taxing authority that
levies taxes 01 assessments on real property or by the public records.
2. Any fac~ 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 8
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.
ie
. TO 1012.18 Cclnt. C
California land lltle A..oclotlon
Standard CovoralJO Pol"".1963
SCHEDULE B- (Continued)
PART II
1. GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR THE FISCAL
YEAR 1969-1910.
SECOND INSTALLMENT $2,011.50 PARCEL NO. 5113-8-1
FOR
AFFECTING THE POR'TION OF SAID LAND AND FOR THE
HEREIN, AND INCIDENTAL PURPOSES,
SOOTHERN CALIFORNIA EDISON COMPANY,
A CORPORATION
: UNDERGROUND ELECTRIC SYSTEM CONSISTING
OF UNDERGROUND CONDUITS AND POLES
MARCH 16, 1950 IN BOOK 32589 PAGE 241,
OFFICIAL RECORDS
THAT CERTAIN PORTION OF LOTS 1 AND 6
IN BLOCK 84 OF THE SANTA ANITA TRACT,
IN BOOK 34 PAGE 41 OF MISCELLANEOUS
RECORDS, AS SAID PORTION IS DESCRIBED
IN THAT CERTAIN DEED TO THE GRANTOR
HEREIN, RECORDED NOVEMBER 26, 1927,
IN BOOK 1181 PAGE 31, OFFICJAL RECORDS;
ALL POLES SHALL BE ERECTED AND MAIN-
TAINED WITHIN ONE FOOT OF THE FOLLOW-
ING DESCRIBED LINE:
2. AN EASEMENT
PURPOSES STATED
IN FAVOR OF
RECORDED
AFFECTS
BEGINNING AT AN EXISTING SOUTHERN
CALIFORNIA EDISON COMPANY POLE NO.
403941 E LOCATED 48 FEET EASTERLY FROM
THE CENTER LINE OF SECOND AVENUE, AS
NOW ESTABLISHED, AND 96 FEET SOUTHERLY
FROM THE CENTER LINE OF ST. JOSEPH
STREET, AS NOW ESTABLISHED; THENCE
FROM SAID POINT OF BEGINNING NORTHERLY
PARALLEL WITH SAID CENTER LINE OF
SECOND AVENUE, A DISTANCE OF 13.5
FEET TO A POINT, SAID POINT HEREIN-
AFTER REFERRED TO AS POINT "A".
SAID UNDERGROUND CONDUIT SHALL BE
INSTALLED AND MAINTAINED WITHIN A 4
FOOT STRIP OF LAND, THE CENTER LINE OF
WHICH IS DESCRIBED AS FOLLOWS:
BEGINNING AT POINT "A"; THENCE NORTH-
ERLY, A DISTANCE OF APPROXIMATELY 15
FEET.
3. A COVENANT AND AGREEMENT
EXECUTED BY PETER KIEWIT SONS' CO., A NEBRASKA
A CORPORATION
IN FAVOR OF CITY OF ARCADIA, A MUNICIPAL CORPRA-
TION
RECORDED MAY 17, 1966, IN BOOK M-2221 PAGE
698, OFFICIAL RECORDS
WHICH, AMONG OTHER THINGS, PROVIDES: BUILDING CONSTRUCTED UPON THE
AFORESAID PROPERTY, DECLARANT COVENANTS
AND AGREES FOR ITSELF, ITS RES~~CT~VE
SUCCESSORS AND ASSIGNS, THAT CONCURRENT
WITH THE CONSTRUCTION OF A BRIDGE
ACROSS SANTA ANITA WASH BY THE CITY OF
ARCADIA, THE OWNER OF THE PROPERTY
HEREINABOVE DESCRIBED WILL AT ITS
SOLE COST AND EXPENSE CAUSE TO BE
INSTALLED A GRATE INLET AND CONNECTOR
PIPE TO SANTA ANITA WASH FROM SAID
PROPERTY, IN ACCORDANCE WITH PLANS AND
SPECIFICATIONS APPROVED BY THE CITY
OF ARCADIA AND THE LOS ANGELES COUNTY
FLOOD CONTROL DISTRICT.
THE WITHIN DECLARATION OF COVENANT
SHALL INijRE:: TO THE BENEFIT OF, BE
ENFORCEABLE BY AND MAY BE RELEASED
ONLY BY THE CITY OF ARCADIA.
TO "OI2-':'I056-IC C
American Land TItle Auoc:latlon loan Policy
Addltlonol Covef'OOlt-l962
~
California land Title Auoclatlon
Stondord Coverage Pollcy-1963
SCHEDULE C
The land referred to in this policy is situated in the county of Los Angeles, state of California,
and is described as follows:
THAT PORTION OF LOT 6, IN BLOCK 84 OF SANTA ANITA TRACT, IN THE CITY
OF ARCADIA, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP
RECORDED IN BOOK 34 PAGES 4~ AND 42 OF MISCELLANEOUS RECORDS, IN THE
OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF THE EASTERLY LINE OF SECOND AVENUE,
60.00 FEET WIDE, AS SHOWN ON THE MAP OF SAID TRACT, WITH A LINE THAT
IS PARALLEL WITH AND DISTANT THEREON ~O.OO FEET, NORTHERLY OF THE
NORTHERLY LINE OF THE SOUTHERN PACIFIC RAILROAD RIGHT-OF-WAY, 40.00
FEET WIDE, AS DESCRIBED IN DEED RECORDED IN BOOK 423 PAGE 269 OF DEEDS
IN SAID OFFICE OF THE COUNTY RECORDER; THENCE EASTERLY ALONG SAID
PARALLEL LINE A DISTANCE OF 49.00 FEET TO THE BEGINNING OF A TANGENT
CURVE, CONCAVE EASTERLY AND HAVING A RADIUS OF ~9.00 FEET, SAID CURVE
ALSO BEING TANGENT AT ITS NORTHERLY TERMINUS WITH A LINE THAT IS
PARALLEL WITH AND DISTANT THEREON 20.00 FEET, EASTERLY, OF THE EASTERLY
LINE OF SAID SECOND AVENUE; THENCE WESTERLY,oNORTHWESTERLY AND NORTH-
ERLY ALONG SAID CURVE, THROUGH A CENTRAL ANGLE OF 900 00' 00" AN ARC
LENGTH OF 29.84 FEET TO SAID LAST MENTIONED PARALLEL LINE; THENCE
NORTHERLY ALONG SAID LAST MENTIONED PARALLEL LINE, A DISTANCE OF
56.00 FEET TO THE BEGINNING OF A TANGENT CURVE, CONCAVE WESTERLY AND
HAYING A RADIUS OF 540.00 FEET; THENCE NORTHERLY ALONG SAID LAST
MENTIONED CURVE, THROUGH A CENTRAL ANGLE OF 40 46' 48" AN ARC LENGTH
OF 45.05 FEET TO A LINE THAT IS PARALLEL WITH SAID NORTHERLY LINE OF
THE SOUTHERN PACIFIC RAILROAD RIGHT-OF-WAY AND WHICH PASSES THROUGH
A POINT ON SAID EASTERLY LINE OF SECOND AVENUE, DISTANT NORTHERLY
THEREON ~20.00 FEET FROM THE POINT OF BEGINNING; THENCE WESTERLY ALONG
SAID LAST-MENTIONED PARALLEL LINE A DISTANCE OF ~8.~2 FEET TO SAID
EASTERLY LINE OF SECOND AVENUE; THENCE SOUTHERLY ALONG SAID EASTERLY
LINE, A DISTANCE OF ~20.00 FEET TO SAID POINT OF BEGINNING.
.
( 5.69)
ALTA OR STANDARD COVERAGE
INDORSEMENT
ATTACHED TO POLICY NO. 69 42 777
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:
UCortsumt:r 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
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By
SECRETARY
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PORTION OF LOT G IN BLOCK 64 OF ~~"m'A ANI':.'!. TRi,CT
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~ is no a survey 0 the land but is compiled for information by the
"- T'J?ie In~rance and Trusl Company from dala shown by Ihe official records.
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CONDITIONS AND STIPULATIONS (Continued ond Concluded From Reverse Side of Policy Foce)
lhe full amount of this policy, together
with all costs, attorneys' fees and expenses
which the Company is obligated hereunder
10 pay, shall terminate all liability of the
Cnmp,my hereunder. In the event, after
notice of claim has been given to the Com-
pany by the Insured, the Company offers
10 purchase sa.id indebtedness:. the owner of
such indebtedness shall tran~fer and assign
~<Jid indebtedness and the mortgage securing
the same to the Company upon payment of
the purchase price.
7. PAYMENT OF lOSS
(a) The liability of the Company under
this policy shall in no case exceed, in alt,
the actu:J.1 loss of the Insured and COSts and
..t[Orneys' fees which the Company may be
obligated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against by this policy,
.Ill costs imposed upon the Insured in liti-
gation carried on by the Company for the
Insured, and al1 costs and attorneys' fees in
lirjg:uion carried on by the 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 nohce
of an alleged defect, lien or encumbrance
flot excepted or excluded herein remove'i.
such defect, ben or encumbrance within a
reasonable lime 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 Company,
or (3) in the event the title is reje([ed as
unmarketable because of a defect. lien or
encumbr:J.nce not excepted or excluded in
this policy, until there has been a flOal
determination by a court of (ompetent juris.
diction sustaining such rejection.
(d) All payments under this policy. ex-
cept paymentS made for COHS, attorneys'
fees and expenses. shall redJ.lce 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 secured by a murtgage
shown in Schedule B is an Insured herein
then such payment~ shall not reduce pro
tanto the amount of lhe insurance afforded
hereunder as 10 such InsUled. except to the
extent that such payments reduce the amount
of the indebredness SeCured by such mOf{.
gage. Payment 10 full by any person or
voluntary satisfaction or release by the In-
sUled of 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 :J.ccordance wirh rhe conditions of
thiS pulicy the loss or damage shall be pay-
able within thirty days thereafter.
8. lIA81l1TY 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 ur referred to in
Schedule B hereof or any mOrlgage hen'.
after executed by the Insured which is a
charge or hen on the estate or interest
described or referred [0 in Schedule A. and
the amount so paid shall be deemed a par-
ment to the Insured under this polic)'. The
provisions of {his paragraph numbered 8
shall not apply to an Insured owner of an
indebtedness secured by a mOrlg:J.ge shown
in Schedule B unless such Insured acquires
ritle to said estate or interest in satisfaction
of said indebtedness or any part thereof.
9. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whenever the Company shall have settled
a claim under this policy, all right of sub-
rogalion 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 this policy
not been issued. If the payment does not
cover the loss of [he Insured. the Company
shall he subrogated to such rights and
remedies in the proportion which said pay-
ment bears to the amount of said loss. If
Ims should result from an)' aCt of the In-
sured. such aCt shall not void thi... policy.
hut the Company. in thJ.t event. shall be
requlfed to par llnly thJ.t part of any losses
insured again~t hereunder which shall ex.
ceed the 'amount. if ,my. lost to the Com-
pany hy reason of the impairment of the
right of subro~ation. The Insured, if re.
quested by the Company, shall transfer to
the Company all rights and remedicl>
against any person or propenr netessary in
order to perfect such right 0 subrogation,
and shall permit the Company to use the
name of the Insured in any rransaction or
litigation involvin~ such rights or remedies.
If the Insured is the owner of the in-
debtedness secured by a mortgage covered
by this policy. such In~ured may release or
substitute the personal liability of any
debtor or guarantor, or eXlend or otherwise
modify the terms of payment, or release
a portion of {he estate or intcrest from the
litn of the mortgage, or release any col.
lateral security for the indthtednes~, pro-
vided such ,let does nm result in any loss
of priority of the lien of the mongage.
10. POLICY ENTIRE CONTRACT
Any action or actIOns or rights of action
thJ.t the Insured may have or may bring
J.gainst the Comp:wy arising oul of the
~t.\tus of the lien of the mortgage cuvcted
by thiS policy or the tllle of the estate or
interest insured herein mmt be ba~ed on
the provisions of this policy.
No provision or condition of this policy
can he waived or changL-d except by wriring
endorsed hereon or attached hereto signed
by the President, a Vice President, the
Secretary, an Assistant Seuetary or other
v.IlidJ.ting officer of the Company.
11. NOTICES, WHERE SENT
All notices required to he givtn IIll' COIn-
pany and any statement in writing required
to be furnished the Company shall he ad-
dressed to it at the office which issued this
policy or to its Home Office. 433 South
Spring Street, Los Angeles :>4, Californi:J..
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
8'Jil; -:
", ' I :
, .
. .'
MARK H. BLOODGOOD
AUDITOR.CONTROLLER
......,
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
ROBERT A. GILL
CHIEF DEPUTY
153 HALL OF ADMINISTRATION
LOS ANGELES. CALIFORNIA 90012
625~3611
J R. PASSARELLA, CHIEF.
TAX DIVISION
September 2, 1970
RECEIVl::D
City or Arcadia
240 West Huntington Drive
Arcadia, California 91006
Attention: Robert D. Ogle
City Attorney
SEP : 4 1970
CiTY OF AR.CADIA
CITY "TIORNEY
Re: Second Avenue Widening
Parcel 4
Peter Kiewit Sons' Co., grantor
Gentlemen:
Pursuant to your letter dated March 6, 1970,
taxes have been cancelled in accordance with Section
4986 of the Revenue and Taxation Code. This cancel-
lation ~as ordered by the Honorable Board of Super-
visors April 7, 1970
by Authorization No. 14988.
Very truly yours,
l~< BLOODGOOD, Auditor-Controller
By J. R. Passarella, Chief
Tax Division
JRP/EMP/tc
,.
March 6, 1970
MR. John R. Passarella, Auditor-Controller
500 West Temple Street, Room 153
Los Angeles, California 90012
Attention:
Eleanor Parker, Tax Cancellation Section
Request for Cancellation of Taxes
Second Avenue Widening - Parcel 4
Peter K1e~it Sons' Co.
Subject:
Dear Mr. Passarella:
Please cancel taxes on the property described in the
enclosed copy of deed as of the date of recording.
Very truly yours,
ROBERT D. OGLE
City Attorney
RDO:kd
Enclosure