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Home My WebLink AboutD-1760 , "iI.'\' . . ,,, ~. :.: \. 'J ',t.4. ~" ,tJ: .' . .'If ~~~,!t9 the City of Arcadia, a municipal 'corporation, by the deed, grant; conveyance ~""':"""or instrument dated July 17th, 1970 , from or executed ~~::g~ Southern California Edison Co. , is hereby accepted - , . ~"'" ??r 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 f~corded 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 ~ounty; and the City of Arcadia consents to the recordation thereof by its duly authori officers. CERTIFICATE OF ACCEPTANCE ,BK-Q48IlrG 469 '\ I~....~-~ ::....- J',c#~ . ";~;;,' ,,-, .. H;P , ~ -'tl~"r. . v. ~' "'...., , r-:r '(Th f(/;~:1j i Jj~M"'''''P' ., - oI.f,~ . ~., .' ".t.,: I..' l"'~"" ''.i,'& .:biC'1;.',~I' 'I'ir,f.!!),li;, . ~~r~r+'. ~/!~ City Engineer OJ escribed is hereby .,,<O".~ ' City to ey ", <::'~ Recording Requested By [)-/7to Southern California Edison Company When Recorded Mail To ' RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY. CALIF. FOR TITLE INSURANCE & TRUST co, 1970 AT 8 A.M. City Clerk city of Arcadia P. O. Box 60 Arcadia, California 91006 AUG 31 RAY E. LEE, Registrar.Recorder FREE v SPACE ABOVE THIS LINE FOR RECORDER'S USE RANT DEED , , ( c.J-., <1 Cv..J~ OFFICIAL BUSINESS Document Entitled to Free Recording Gov. Code Sec. 6103 ,-,' Location: City of Arcadia DOCU-MENTARY TRANSFgR TAX $...~........~..................:1 -COMPUTE:O ON FULL VALUe. OF PROPERTY CONVEYED -OR COMPUTED ON FULL VALUE LESS LIENS AND ENCUMBRANCES REMAINING AT TIME OF SALE M~ 1i,j~ Insur~nca andT~ust COmpa' Signature of Declarant or Agent determining tax. Firm Name ""l'.Jt ~~~ ~\:ij <..> 'J '" >- "' r"'- Cl .., - ... Cl '" i;o ... "'.... 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"'I::: a.: Cl ~ ~I:'--!" ...,"'''1- N"'r-I ~'{'" U ~<:i~ ~"''' FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, SOUTHERN CALIFORNIA EDISON COMPANY, a corporation, hereby GRANTS to.the CITY OF ARCADIA, a municipal corporation, that certain real property in the City of Arcadfa, County of Los Angeles, State of California, described as follows: Those portions of Lots 16, 17, 18, 19, 20 and 21 in Block 81 of 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 Miscellan- eous Records, in the office of the county Recorder of said County, together with that portion of alley, vacated, in- cluded within, the following described boundaries: Beginning at the Southeasterly corner of said Lot 16; thence Northerly along the Easterly line of said Lots 16, 17 and 18 to the Northeast corner of said Lot 18; thence continuing Northerly along the Northerly prolongation of the Easterly line of said Lot 18 to the Southeasterly corner of said Lot 19; thence Northerly along the Easterly line of said Lots 19, 20 and 21 to the Northeast corner of said Lot 21; thence westerly along the Northerly line of said Lot 21, a distance of 27.00 feet to the beginning of a tangent curve concave Southwesterly, having a radius of 12.00 feet and a length of 18.85 feet, said curve also being tangent at its Southerly terminus to a line parallel with and 15.00 feet Westerly, measured at right angles, from the Westerly line of Second Avenue, 60 feet wide, as shown on the map of said Arcadia Santa Anita Tract; thence Easterly along said curve to said parallel line; thence Southerly along said parallel line, 316.00 feet, more or less, to the beginning of a tangent curve concave Northwesterly, having a radius of 12.00 feet and a length of 18.85 feet, said curve also being tangent at its Southerly terminus to the Southerly line of said Lot 16; thence Southerly along said curve to said South- erly line; thence Easterly along said Southerly line, 27.00 feet to the point of beginning. The above described real property also being a portion of Parcels 1 and 2 and Alley, as shown on Record of Survey Map filed in Book 77, page 69 of Records of Surveys, in the office of the County Recorder of said County. ./ d Mail Tax Statements To: City Clerk City of Arcadia P. O. Box 60 Arcadia, California 91006 ". -0 c: 0:> .- (i -,; (j) ~ Q , z o ~ ~ ~ ~ m S ~ ~ '{I ~ '4: '- " ~ - . - ~- '.) ." '-' ;:; f. e, c, U U) \J c: :0":1 , ' . r'~ " , .,' " ,. "-' , if('v,;",'\~.: r /~' 1. f ~~J.'~~\o:' . ..: '~;-- -:)(y-: :;. ...~ '~r ~' ,.J ,~ .;') ~: d;. ~ \ . ;1( "\: ~~. .-;;'/ " (/......,.. ,- . I ;>' ~'1 .i.r\ \ ( , , "t\ , , \A <. ", (" "'-.'~f,;............-:" " , . , , ' ' ~. "~ ... . I,....l ~,.. .: -..,~... ~, ",... ,vi , ..1, , " 'c. " , ;--, C~ty OI Arcaa~a, a mun~c~pa~ corp. Serial No. 42148A EXCEPTING AND RESERVING unto said Southern California Edison Company, all uranium, thorium and other fissionable materials, all oil, gas, petroleum, asphaltum and other hy- drocarbon substances and other minerals and mineral ores of every kind and character, whether similar to these herein specified or not, within or underlying, or which may be produced from that portion of the hereinbefore described land which lies below a plane parallel to and five hundred (500) feet below the present surface of said land, it being ex- pressly understood and agreed that said Southern California Edison Company shall have no right to enter upon the surface of said land, or to use said land or any portion thereof, to said depth of five hundred (500) feet, for any purpose of prospecting for, developing, and/or extracting said uranium, thorium and other fissionable materials, oil, gas, petroleum, asphaltum and other hydrocarbon substances and other minerals and mineral ores. The real property hereby conveyed is not necessary or useful in the performance of the duties of said Southern California ,Edison Company to the public. SUBJECT TO the real property taxes for the fiscal year 1970- 1971, a lien not yet due or payable, and to covenants, conditions, re- strictions, reservations, exceptions, rights and easement of record. IN WITNESS WHEREOF, said Southern California Edison Company has caused its corporate name and seal to be affixed hereto and this in~trument ta be executed~i11t officers, thereunto,~~l~authorized, th~s 171> day of __. ' 1922.., ,."...,'.",' . . ~,.......---.-........ ~._~. -- ... -" SOUTHERN CALIFORNIk-'EDISON~C0MPANY ~.. , . . ,,; ~ ~ . ~ / ~ " . By Wm. lP=' C. Drewry, J , , '. " ..., ," ],ce, ~ " By M. V. STATE OF CALIFORNIA . " . ..~ . ) ) ss. ) '.. COUNTY OF Los Angeles " " '. On this 17th day of July , 19z.D.., before me, a Notary Public in and for said State, personally appeared Wm. C. Drewry , known to me to be a Vice President, and M. ' V. Rile~ ' known to me to be an Assistant Secretary of Sout ern California Edison Company, the corp- oration that executed the within instrument, known to me to be the persons who executed the within instrument on behalf of the corpora- tion herein named, and acknowledged to me that such corporation exe- cuted the same, pursuant to its by-laws or a resolution of its board of directors. hand and seal. .I I .' OFFICIAL SEAL KAT.HERINE M. BAIR NOTARY PUBLIC, CAUFORNIA IDS ANGELES COUNTY My CommiSSion Expire. Jen. 8, 1972 " " -2- MARK H~ BLOODGOOD AUDITOR-CONTROLLER COUNTY OF LOS ANGELES JJ-r/oC/ DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 625-3611 ROBERT A. GILL CHIEF DEPUTY E. GUERRERO CHIEF. TAX DIVISION July 8, 1971 City of: Arcadia 240 West Huntington Drive ~cadia, California 91006 Attention: Robert D. Ogle City Attorney RECEiVED JUL 9' 1971 ,CITY OF ARCADIA crr'l AlTORNEY ReI That portion of: Lots 16,\ 17} 18, 19, 20 and 21 in Block ~1 or Arcadia Santa Anita Tract acquired from Southern California Edison Co. Gentlemen: F'':l'S',:,3.nt to :'~'...!;.r letter d3ted September 14, 1970, taxes h3.ve be9::1 c!J.ncelled in accordance with Section 4936 of the Re';'anJ.8 and Taxation Code. This cancel- lation ~as ordered by the Honorable Board of Super- visors Feb. 23, 1971, by Authorization No. 20105. V-"Y t~.,,; v your~ c; . . - ..1"_J '.' ) If""" H llTOODG"^n _ L~_:~.t., o.;.'u \.'\.... ~ , Auditor-Controller j,:':':-'-' ,.,/ .-,{/ ;> :,'. ".....--~c' " ~ '''? .,', '.' /' !".-V J ..'.. '!_" /:_~ J',' By Ed'\,:'~li -Guen~€l'~ 1 Chief EG/lli"/tc Tnx Division September 14. 1970 Mr. John R. Passarella. Controller-Auditor 500 West Temple Street. Room 153 Los Angeles. California 90012 Attention: Eleanor Parker. Tax Cancellation Section Subject: Request for Cancellation of Taxes Southern California Edison Company 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 '-J/~...,.A-'f'-' ~ ~~_. , TO 1012 FC-DP !'-68) California It!lnd itle Association Standard Coverage Policy Form Copyright 1961 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, [Qgether with costs, attorneys' fees and expenses which the Company may become- obligated co pay as provided in the Conditions and Stipularions hereof, which rhe 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 the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; 01 2. Unmarketability of such title; or 3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, 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 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, how~~~1~))'1;)}siilns of Schedules A, B and C and to the Conditions and Stipulations hereto annexed7 ...~CE ANO rR,.'I\\11 - ~r 000000 v.$" I ;:- ~ ooO';t.~ IS Pl/~~oo l' I, , ~ 00 ~ {l~Q>(", .t-~o(\ ~ i~ f j:f ~ o,*, .**f.llIlESrn' WttneJSCW: eYeo , Title Insurance and Trust Company has caused its itI! ...... 0,- .... ~"'9- <f'O '"", 'J ., . ~ 4J g '" . cOJPorat19nl1:ne and seal to be hereunto affixed by .ts duly authOrized offICers ~ .../ 00' 6~"th'e\dll1e Th~";~n Schedule A. " .... dM. - --=..i.lv - .~ ~ _ 0 _,' -.- ' 0 Z % ~ I- ~ :J.#. _ - 't. Ii ~,.=g "<" ~ ~ ~ 0 -' ':\1'~., f qg ~ 'I) oooS-", ':F.:~-', ,. q\o )} ~ Title Insurance and Trust Company " < 0 <" ',..--.", 'I-~o ,. j:: '1 () oo~r.ltiE IS GUooo ,......:::;' III ;SO", 00000000 C~V .:- / \\\\ NGELES. ~=- by ""'ty~ ~ ~ \\\\'\\.,'~~ T ~ PRESIDENT Attest GW l1-~ r SCHEDULE PART ONE I. Taxes or assessments which are DO[ 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. B 3. Easements, claims of easement or encumbrances which are 00( 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 Dot 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. CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Iand": the land described, speuflc, ally or by n:ference, in Schedule C and Improvements affixed Iherew which by law constitute real property; (b) "publIC records": those r~ords which impart conslructive notice of matters relating to said land; (c) "knowledge": actual knowledge, not constructive knowledge or nOlice which may be imputed to the Insured by reason of any public records; (d) '"dule": the effeClive date; (e) "mortgage"': mortgage, deed of trust, trust deed, or other security instrument; and (f) "insured": the party or parlies 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 guaranteelOg 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 insured owner of the indebtedness secured by a mort~age described in Sched- ule B acquires said estate or IOtereSt, or any part thereof, by foreclosure, trustee's sale, or other 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- i ng the indebtedness secured by a mortgage cMered by this policy, or any part thereof, this policy shall continue in force in favor (If such Insured. agency or instrumentality, subject to all of the conditions and stlpula. 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 (lOcludlOg but not limited to building and zoning ordmances) 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 owner!\hip or a reduction in the dimensions or ared. of any 1m or parcel of land. (b) Governmental rights'of police power or eminent domam unless notice of the l.xercise of such rights appears in the public rewrds 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 ~uch land abuts. or the rij::hl to mainr..in therein vaults. mnnels. ramp~ or any other structure or improvement; or any rights or easements therem unless IhlS policy speCIfiC- ally provides that such pCC1perty. rights or easemems are insured. except that if Ihe land abuts upon one or more physically open streets or highway~ thl~ poljcy imures the ordinary rights of abuttin.t; owners fat access to one of such ~';[(eers or highways. unless otherwise excepted or excluded herein. (d) Defects. liens, en(umbran(e~. adverse claims against the utle as IOsured or other matters (I) created, suffered, assumed ur agreed to by the Insured c1aimlOg lo~s or damage; or (2) known 10 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 public records. unless disclo~ure thereof in writin,g- 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 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, 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 agalOst a foreclosure or sale of the mort- gage and indebtedness covered by this poltcy or a sale of the estate or imerest in said land; or (2) for such action as may be appropriate to establish the utle of the estate or imerest or the lien of the man- gage as insured, whIch litigation or action in any of such events is founded uplln an alleged Jefect, lien or ('ncumbl ance 10. .'lured against by this policy, and may pur- sue any litigation to final determination in the court of last reson. (b) In case any such action or proceed- ing. shall be begun, or defense interpused, or 10 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 10- terest ?r lien of the mortgage as insured, or which might Cause loss or damage for which the Company shall or may be liable by vu.tue of this polity, ur if the Insured shall in good faith contract to sell the in- debtedness secured br a mungage co\'ered by this policy. or, i an Insured in ~ood faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at a foreclosure ~ale under a mort- gage covered by this pulicy 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 nOlice 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 CompJny of any de- fect. hen or encumbrance insured a~.ljnst which sh.lll (time to the kno\\'led~e of the Insured, or if the Insured shall not. in writlOR, promptly notIfy the Company of any such rejection by reasun of claimed un. m.trketability of title. then all liability of (ontin'jed and Concluded on Lost Poge of This Policy) In:=:1 ~ (Conditions and Stipulotions "'LTA LOA~ "OLICY - 1170 WITH STREET 1...."OVE..IENT ",SS[SS"IENT COVE""'GIE OR C:ALr"OllNI... L"'NO TITLIl .....OCI..TION ST"'ND""O C:OVI"...OIl I'QLIC:Y _ 1.." SCHEDULE A PREMIUM : $40.00 AMOUNT : $2,000.00 EFFECTIVE DATE: AUGUST 31, 1970 AT 8:00 A.M. POLICY NUMBER : 6942773 INSURED THE CITY OF ARCADIA, A MUNICIPAL CORPORATION. 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 SCHEOULE 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 ONE ALL MATTERS SET FORTH IN PARAGRAPHS NUMBERED 1 T05 INCLUSIVE ON THE INSIDE COVER SHEET OF THIS POLICY 'UNDER THE HEADING SCHEDULE B PART ONE. PART TWO 1. GENERAL AND SPECIAL COUNTY AND CITY ,TAXES FOR THE FISCAL YEAR 1970-1971, A LIEN NOT YET PAYABLE. . 6942773 PAGE 1 ALTA LOA" ~OL'eY - 1~70 WIT" nll~u '..~AOII~..~"T A..~....~J<T COIIEAAlOIE Oil eAL'~Oll"'A LAJ<O TlTL~ AIIOe'ATlO.. nA"OAIID eOIlEIIAOE !'OLICY _ '''3 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: THOSE PROTIONS OF LOTS 16, 17, 18, 19, 20, AND 21 IN BLOCK 81 OF ARCADIA SANTA ANITA TRACT, IN THE CITY OF ARCADIA, IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK, 15, PAGES 89 AND 90,OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, TOGETHER WITH THAT PORTION OF ALLEY, VACATED, INCLUDED WITHIN THE FOLLOWING DESCRIBED BOUNDARIES: BEGINNING AT THE SOUTHEASTERLY CORNER OF SAID LOT, 16; THENCE NORTHERLY ALONG THE EASTERLY,LINE OF SAID LOTS 16, 17, 'AND 18 TO THE NORTHEAST CORNER OF SAID LOT 18; THENCE CONTINUING NORTHERLY ALONG THE NORTHERLY PROLONGATION OF THE EASTERLY LINE OF SAID LOT 18 TO THE SOUTHEASTERLY CORNER OF SAID LOT 19; THENCE NORTHERLY ALONG THE EASTERLY LINE OF SAID LOTS 19, 20 AND 21 TO THE NORTHEAST CORNER OF SAID LOT 21; THENCE WESTERLY ALONG THE NORTHERLY' LINE OF SAID LOT 21, A DISTANCE OF 27.00 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 12.00 FEET AND A 'LENGTH OF 18.85 FEET, SAID CURVE ALSO BEING TANGENT AT ITS SOUTHERLY TERMINUS TO A LINE PARALLEL WITH AND 15.00 FEET WESTERLY, MEASURED AT RIGHT'ANGLES, FROM THE WESTERLY, ,LINE OF SECOND AVENUE, 60 FEET WIDE, AS 'SHOWN ON THE MAP OF SAID ARCADIA SANTA ANITA TRACT; THENCE EASTERLY ,ALONG SAID PARALLEL LINE, 316.00 FEET, MORE OR, LESS, TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHWESTERLY, HAVING A RADIUS OF ' 12.00 FEET AND A LENGTH OF, 18.85 FEET, SAID CURVE ALSO BEING TANGENT AT ITS SOUTHERLY:TERMINUS'TO THE SOUTHERLY LINE OF SAID LOT 16; .THENCE SOUTHERLY ALONG SAID CURVE TO SAID SOUTHERLY ,LINE; THENCE EASTERLY ,ALONG SAID SOUTHERLY, LINE, 27.00 FEET TO THE POINT OF BEGINNING. THE ABOVE DESCRIBED REAL PROPERTY ,ALSO BEING A PORTION OF PARCELS 1 AND 2 AND ALLEY, AS SHOWN ON RECORD OF SURVEY, MAP FILED IN BOOK 77 PAGE 69 RECORD OF SURVEYS, IN THE OFFICE OF: THE COUNTY RECORDER ,OF SAID COUNTY. EXCEPT ALL URANIUM, THORIUM AND OTHER FISSIONABLE MATERIALS, ALL,OIL, GAS, PETROLEUM, ASPHALTUM AND OTHER HYDROCARBON SUBSTANCES AND OTHER MINERALS AND MINERAL ORES OF EVERY KIND AND CHARACTER~' WHETHER SIMILAR TO THESE HEREIN SPECIFIED OR NOT, WITHIN OR UNDERLYING, OR WHICH MAY ,BE PRODUCED FROM 6942773 PAGE 2 "LT" LO"N ~L'cY - '.TO WIT.. n""ET 1...."OvE..ENT ..5"1:".....NT cOV"""Gll 0" C..LIFO"NI.. L..ND TITL" ..IIOCI"TIO" n"'''O'''''D COYEIt...GE ~LICY _ 1'''3 THAT PORTION OF THE HEREINBEFORE DESCRIBED LAND WHICH LIES' BELOW A PLANE PARALLEL TO AND FIVE HUNDRED (500 FEET BELOW THE PRESENT SURFACE OF SAID LAND, ,IT BEING EXPRESSLY ,UNDERSTOOD AND AGREED THAT SAID SOUTHERN CALIFORNIA EDISON COMPANY SHALL HAVE NO RIGHT TO ENTER UPON THE SURFACE OF SAID LAND, OR TO USE SAID LAND OR ANY.PORTION THEREOF, TO SAID DEPTH OF FIVE HUNORED (5001 :FEET, FOR ANY PURPOSE OF PROSPECTING, , FOR, DEVELOPING, AND/OR EXTRACTING SAID URANIUM, THORIUM AND OTHER.FISSIONABLE MATERIALS, OIL, GAS, PETROLEUM, 'ASPHALTUM AND OTHER HYDROCARBON SUBSTANCES AND OTHER MINERALS AND MINERAL ORES. AS RESERVED BY THE CITY OF ARCADIA, A MUNICIPAL CORPORATION, RECORDED AUGUST 31, 1970. 6942773 PAGE 3 ( 5-69) ALTA OR STANDARD COVERAGE INDORSEMENT AITACHED TO POLICY NO, 69 42 773 ISSUED BY Title Insurance and Trust Company The following exclusion from coverage under this policy is added to Paragraph 3 of thc Conditions and Stipulations: "Consumer credit protection, truth in lending or similar law." The total liability of the Company under said policy and any indorse men Is 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. ~"''\.'\.\.''-\\, ..#"~CE. AND rR~\\\1 - ^ ~ 00000000 ;s>>. I, ,::.,,,," oo.."ISPI/OoOo " I, - ,;Y 0 0" "l!'. 0 <:> , ::: ~J l'", ~ >>".%M<;.'.. <>.00 <:) IJ :; '- 0 ~ .. ',> <" 0 ..." 'J %410"" ()O;;P~ ~-Jg~~. \\ ~~~ ~ .... 0 ,fill., , , 0 Z ~ ~_o~w-:: 0 ~ ~ I- 0 :J*,~l ' _ --.:: ~ ~ J,t\'iWi~jt!:;'~rl~~l* 1 ~) 0 <" ",'~:;,<W~, n<:!oO ::: ", < 0 ~ '.' ~'" L, _ '1 0 OO~"AiE 'IS G\)OOO, ,...',:: 'I ;s> 00000000 ~v..: I\\\,"'NGELES,C ~..: ,,\\\."\.'\.,~'-~ Title Insurance and Trust Company By ~ ?<f/~ SECRETARY LOTS 16 TO 21 IN BLOCK 81 OF ARCADIA SANTA ANITA TRACT I L~ POf?~ Sr. & :=J /I .,~ I4S I ~ \, , ~ R=-12 GO 2'1 18,%$ 14.5 I . ~ 26J ~ ~ 14-S '<I 19 "> iii 14-5 - I I " VA~C..> " N ~' 14$ I/) "--I a c: ::=J "> ---114-5 ~ 17 0 14.5 ~ @ This is not a survey of the land but is compiled for information by the Tifle Insurance and Trust Company from data shown by the ,official records. CONDITIONS AND STIPULATIONS (Continued ond Concluded From Reverse Side of Policy Face) Ihe Company In regard (0 the subject matter of such action. proceeding or malter shall cease lmd terminale; provided. howe...er. that failure to notify shall in no case prejudice the claim of any Insured unless the COlllp~ny shall be actually prejudiced by such fadure and then only to the extent of such prejudice. (c) The Company shall have rhe right at its own COSI to institute and prosecute any action or proceeding or do any OIher act which in its opinion may be necessary or desirable to establish the title of the estate or interesr or the lien of the mort- gage as insured; and rhe Company may take ;tony appropriate aCtion under the term... 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 to prosecure or provide for the defense of any action or prDceedin~. the Insured shall secure to it the right [0 so prosecute or prOVide de. fense in such action or proceeding. and all appeals therein, and permit it to use. a[ It<; optioo, the name of Ihe 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 effeuing settlement. securing evideoce, obtaining wilnesses. or prosecu- ting or' defending such action or proceed- ing. ~nd the Company shall reimburse rhe Insured for any expense so incurred. S. NOTICE OF lOSS - LIMITATION OF AC:TION In addition to the notices required under paragraph 4(b), a statement in writing of any loss or damage for which it is claimed the Company is liable under this policy shall be furnished to Ihe 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 surh statenlent shall have been furnished. and no rccovery shall be had by the Insured under this policy unless action shall be commenced thereon within five year<; after expirlltion of said thirry day period. Failule 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. O;TION 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 a8ain~t or to pay the full amount of this policy, or, in case loss is claimed under thi.. policy by the owner of the indebtedne<;.. secured by a mortgage covered by this policy. the Company shall have the option to purchase said indebtedness; such pur- chase, payment or tender of payment of Ihe full amount of this policy. together with 1111 (USIS, attorneys' fees and expenses which the Company is obligated hereunder to pat. shall termina~ all liability of the Cnmpilny hereunder. In the event, alter notice of claim has been given to the Com- pany by the Insured. the Company offers to purchase said indebtedness. the owner of <;uch indebtedness shall transfer and a~sign ~aid indebtedness and the mortgage serurin,g the same to the Company upon payment of the purchase price 7. PAYMENT OF lOSS (a) The liabililY of rhe Company under this policy shall in no case exceed. in all: the actual loss of the Insured and COSts and .lttorneys' fees which the Company may bt- obligated hereunder to pay. (b) The Company will pay, in addition to any loss Insured against by this policv. .111 costs 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 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 nolice of an alleged defect, lien or encumbrance not excepted or excluded herein remove... .such defect, hen or encumhr.mce within a reasonable rime after receipt of such notice. or (2) for liability volunrarily assumed by the Insured In settling any claim or suit without written consent of the Company. or (3) 10 the event the tide is rejected as unmarketable because of a def<<t. hen or encumbrance not excepted or excluded in this policy. uOlil there has been a final determination by a court of competent juri!'.. diction sustaining such rejeclion. (d) All payments under this policy. ex- cept payments made for COSts. atlornf.'r<;' fees and expenses, shaH reduce the amount of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of ~uch payment unless the policy be losl or destroyed. in which case proof of such loss or destruction ..hall be furnished to the satisfaction of the Com- pany; provided. however. if the owner of an indebtedness secured by a m(ln~a~e shown in Schedule B is an In<;ured herein then such payments shall not reduce pro tanto the amount of the insurJnce afforded hereunder as [Q such Insured. except to the extent that such payments reduce the amount of Ihe indebtedness securt'd by such mOr/. gage. Payment in full by any person or voluntary satisfaction or release by the In- sllled of a mortgage ((lvereJ by this policy shall terminate all liabiluy of the Company ro the insured owner of the indebtedne<;s seeured by such mortgage. except as pro. vided in paragraph 2 hereof. (e) When liability has been definitely fixed in accordance with the conditions of this policy the loss or damage shall be pa)'. able within thirty days thereafter. 8. LIABilITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount [he Company may pay under an}' policy insuring rhe va]idlty 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 intere..t described or referred to in Schedule A, and the amount so paid shall be deemed a pay. ment to the Insured under this poliCY. The proviSIOns of this paragraph numhered 8 shall not apply to 3n Insured owner of an indebtedness secured hy a mortgage shown in Schedule B unless such Insured acquires tille to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SEnLEMENT Whenever the Company shall have serried a daim under this policy. all right of sub- rogation shall vest in the Company un- affecred by any aet of the Insured. and it shall be subrogated to and be entitled w all rights aod remedies which rhe In..ured would have had against any person or prop- erty in resp<<t to such claim had this policy not been issued If the payment does not cover the loss of the Insured. the Company ..hall be subrogatt'd to such fights and remedies in the proportion which said pay- . ment hears to [he amount of <;aid lo..s. If l()..~ shuuld re..ule flOm any aCt of the In. sured. such an .'ohall not VOid this policy. hut the Comp.tny. in that event. shall be reqUIred to p.IY only that pJ.rt of any losses insured against hereunder which shall ex. ceed the .unount. if .toy. losl co the Com. pany br reasun of the impalrOlenr of the right of subrogation The Insured. if re- quested by the Company, shall tr,\nsfer to the Company ,III rights and remedie::. a,gainst any person or property ne..essary in order to perfeCt sUth right uf subrogation. and shall permit rhe Company tn use the name of the Insured in any Iransaction or litigation involvin,g such right.. or reOll'dies. If the Insured is the owner of the in. debtedness secured by a mortgage covered by this policy. such 100ured may release or substitute Ihe personal liability of any debtor or guarantor. or extend or otherwise.- modify the terms of paymeor. or release a portion of the estate or interest from the lit'n of the mortgage. or release any col- lateral serurity for the indebtedness. pro- vided such act doe~ not rt'suh in anr loss of priority of the lien of the mortgage. 10. POLICY ENTIRE CONTRACT Any action or actions or rights of action that the Insured may ]lJ....e or may bring ap;aln<;t the Company ansln,!!; out of the: ..tat us of the lien of the mortp;ap;e covered by this polity or the mle of the.- estlltc or interest insured herein must be based on tbe provisiom of this policy. No. provision or conditIOn of this policy (.'"n be waived or changed except by writing endorsed hereon or attached hereto signc:d by the President, a Vice President. the Secretary. an Assistant Secret.uy or mher validating officer of rhe Company. 11. NOTICES, WHERE SENT All notices required to be given the Com- pany and any statement in wruinl{ requirc:d to be furnished the Cumpany shall be ad- dressed to it .It the office which i.'osued this policy or to its Home Office. 433 South Spring Street, Los An};':e1es H. California. 12. THE PREMIUM SPECifiED tN SCHEDULE A IS THE ENTIRE CHARGE fOR TITlE SEARCH, TITlE EXAMINATION AND TITlE INSURANCE. 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