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HomeMy WebLinkAboutD-1604 . >, '/ (0'; '-\,. ,- \". "), STATE OF CALIFORNIA ). ). ss. COUNTY OF LOS ANGELES ) ~K D3950PG /70 On-March 18, 1967, ,b-efore me,-Jean Riggs, a Notary Public in and for said county and state, personally appeared Charles Cantrill, known to me to be the person whose name is subscribed to the annexed instrument, as a witness thereto, who being by me duly sworm, says: That he resides in the City of Pasadena, California and that he was present and saw Florence Yula Abrahamson, who is personally known to him to be the same person whose name is subscribed to the annexed instrument, sign and deliver the same and that he then acknowledged to affiant that she executed the same; and that said affiant subscribed his name thereto as a witness. My commission expires: JEAN RICCS My Commi$$ion.t:xpires April 5, 1969 '\ Notar Public in and said County . JEAN RIGGS '1 N01AR~ PUBliC. CALIFORNIA . . PRINCIPAL OFFICE IN LOS ANGELES COUNTY ~ ~ ... .. T . . ~ ; I '., ", \"! (<!' , j.. If t7-~: CERTIFICATE OF ACCEPTANCE 1"10 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 March 18, 1968 , from or executed by . Florence Yula Abrahamson , is hereby accepted by the City oLArcadia 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. r~~ City Man The aocument thus described is hereby c:.:> ..... c.n ~~e~ approve~ c;; City orney .c "RECORDING REQUESTED BY ';'J . . CITY .oF-ARCADIA ,..- ,-- E AND WHEN .-f:CO.-OEO MAIL TO RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNlY, CALIF. FOR TITLE INSURANCE & TRUST CO, ,.,_ ~K D39SmG /69 --. 0- /Co "f' 3 5 I City Clerk P.O. Box 60 Arcadia, Calif. I Nom. MAR 26 1968 AT 8 A.M. Str..1 Addr.n Cily & Stot.L ~ RAY E. LEE, County Recorder G--"'- _ ] FREE -,2 V SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAl STATEMHHS TO I" City of Arcadia I Grant Deed D rs AFFIX Hal. S Nom. Slr..t AddrclI City & Stot.L .J 2. J,. 0 TO 40!5 c: (4.67) THIS FORM FURNISHEO BY TITLE INSURANCE ANO TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, FLORENCE YULA ABRAHAMSON . hereby GRANT(S) 10 the CITY OF ARCADIA a Municipal Corporation /N/""EE ' , ~8B eaSeMSNt for public street and road purposes, to become a part of and to be known ; as Baldwin Avenue, in, on, upon' and across the following described real property in the Ci tv of Arcadia!t County of Los Angeles ,Slate of California: The westerly 17.00 feet of Lot 2 of Tract No. 9282, in the City o~~c~~~, County of Los Angeles, State of California, as per map recorded in Bo~lt125 Page 6 of Maps in the office of the County Recorder of said County. ~. FREE RECORDING REQUESTED ESSENTIAL TO ACQUISITION BY The City of Arcadia SEE Gov't Code bl03 THIS NECESSARY IN CHAIN OF [(/ILE ~ ~ ~ . Dated /71.4.A.J, / '?; I U :r J~u-~~ orence u a A ra amson --., '" -" "-' STATE OF CALIFORNIA } COUNTY OF LOS ANf:RT ,li:!'l 55. On hdo me, the under- $i!;ned, a Notary Public in and for said Stat' ersonally appearrt! Florence Yu1a Abrahamson Zt ),d;b;'L/.J/V -I!LL ~, I!s,,-;:t-~ '-' '" '" Q. -\ . known to me subscribed to the within executed the slime. ~ c:.n to be the person_w se name i C! instrument and lick ledged that j:lh p d and official seal. , Signalu ) Name (Typed or Printed) (Thill IH'4 rOI" olllcilll notarlll ~rlI.l) Title Order No. Escrow or Loan No, MAil TAX STATEMENTS AS DIRECTED ABOVE . '"':.'t- ~, : GRANT DEED- Title Insurance and Trust Company /, .I I I COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL .. -:'- <;::: :', " ,~ ~; f~ .J t"' :.' .,... I i: :: : :.-.' , , ..._.J> 01' .',l# :GRANT DEED ~ . 1 , -- .! C:1 U . , , -, " "" Title Insurance and Trust Company COMPLETE: STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL ." ~..- ~ .Y'- ...~ ~.....' .'''' ,. J....... .~_..~ . ,( 8..& '-: '. . I : . . . . MARK H. BLOODGOOD AUDITOR.CONTROL.LER l/-/btJ'/ COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER RoaERT A. GILL CHIEF DEPUTY t 53 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 625.381 1 February 20, 1969 J R. P,t.SSARELLA. ettiEf'. TAX DIVISION ! RECEIVED FEB 27 1969 City of Arcadia 240 West Huntington Drive Arcadia, California CITY OF ARCADIA CITY. ATTORNEY. Attention: Robert D. Ogle City Attorney Re: Baldwin Avenue Parcel NO. 50 Florence Yula Abrahamson - Grantor Gentlemen: Pursuant to your letter dated May 9, 1968, 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 October 22, 1968 by Authorization No. 06147. Very truly yours, HARK E. BLOODGOOD, Auditor-Controller ~.. By J. R. Passarella, Chief Tax Division JRP !EHP It c ," , ~ .~ CITY COUNCIL DON W. HAGE MAYOR City of Arcadia c. ROBERT ARTH MAYOR PRO TEM EDWARD L BUTTERWORTH ROBERT J. CONSIDINE JAMES R. HELMS. JR. ~ 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H. COZAD CITY MANAGER CHRISTINE VAN MAANEN CITY CLERK May 9, 1968 Mr. 500 Los John R. Passarella, West Temple Street, Angeles, California Auditor-Controller Room 153 90012 Attention: Eleanor Parker, Tax Cancellation Section Subject: Request for Cancellation of Taxes Baldwin Avenue Parcel No. ;0 Dear Mr. Passarella: Please cancel as of the date of recording all taxes on the property described in the enclosed copy of deed. This prop- erty is part of a larger parcel acquired for street widening purposes. There is no building on it. Very truly yours, RDO: jh Enc. " ~ MAILING ADDRESSES CITY HALL P. O. BOX eo 910015 LIBRARY 20 W. DUARTE ROAD til100e POLlCE DEPARTMENT P. O. BOX eo til100e FIRE DEP~RTMENT 710 S. S"NT" "NIT" "VE. 91008 TELEPHONES 4415.4471 . 681-0276 44e.7111 447-2121 446-2128 f~~~-~- A~ /~~U ' J.9--J '0 _ _.. -.!:>u TO 1012-1 F C Colifomio land Tille Anoriation Sfandard Coverage Policy Form Copyrig}tt 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 panies named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by qissolurion, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with COSts, anorneys' fees and expenses which the Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the Insured shall susrain by reason of: 1. Any defect in or lien or encumbrance on the iitl~ - fo- the -estate or -interest covered hereby' in' thl" land described or referred to in Schedule C. I:xistlng at the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulatiolls; or 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 ('state or interest ref(:rred to in this policy; or ...1. 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 m'ortgage being shown in Schedule B in the order of its priority; ~ all sub). ect, howeverc:'t~'t~}'>:p~~Visions of Schedules A, Band C and to the Conditions and Stipulations -- E ... "\'\ hereto annexefi'- ....~C ANO I R(j \11 .: ~r 00000000 <5'>. / _" oo",E \5 PF/OoOo ,. /j .::1c:, oo~.o {1tf1l"~ l'''-.o_~.1 . j:t ~ oo~ 11-.q..{1'f.11BFf1bJ)f{~JneJs~lY'thereof, Title Insurance and Trust Company has caused Its ;.! .... 0 ~ . ",.0 "" 0 .... "d I b h ff. db. d I h. d ff. ;i1 ,.. 0 J..:. I} COrPorate) nam~ an sea to e ereunto a Ixe Y Its u y aut onze 0 lcers ~ ...., o~ i.~ \~d 0 11 '1 ~ -' o~~ .on tlie, ate'show')!in Schedule A, ~!= ~~ ~:9rjLg z ~ ~ l- 0 /~"J!~. ;~'I'11.I"lI. ,_ 0 "'( ~ rJ o. ':?t,r~:i.&111k'~ vr. ~o #t! 'IJ ~ 00'1-.,:' :j>:-;:';'~~a;;j i}P;...,:}oo * ~ 'I o,.~ -'~!~ _,.p;.~~vo ~ 1,/ <'Oooo~~... i~ .\5- G\i~ooo ~.5 '1\ <5' -4 00000000 ,,~'v .:- \\\\: "'GELES, ~..::::- \\\\\"'~~ Title Insurance and Trust Company by ~~ ~SIDENT AlieN GLu N-~ SECHETARY 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 reference;' in"Schedule C and improvements affixed thereto which by"" law constitute real property; (b) "public records": those records which impart constructive notice of matters relating to said land; (c) "knowledge": actual knowledge, not constructive knowledge or notice which may be imputed to the Insured by reason of any public records; (d) "date": the effective date; (e) "mortgage": mortgage, deed of trust, trust deed, or ocher security instrument; and (f) "insured": the party or parries named as Insured, and if the owner of the in- debtedness secured by a mort~age 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 [hereof, whether named as an insured herein at, not, subject otherwise 'to the provisions hereof. 2. BENEFITS AFTER ACQUISITION OF TiTlE If an insured 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- 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- 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 rhe dimensions or area of any lot or parcel of land. (b) Governmental rights of police power or eminent domain unless notice of the l'xercise of such rights appears in the public renlrds at the date hereof. (c) Title 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 whic~ such land aburs. or the ri,s::ht 10 maintain therein vaults. tunnels. ramps or an}' mher structure or improvement; or any rights or easements therein unless this policy specific- ally provides. that such property. right.s or casements are insured, except that if the land abuts upon one or more, physically open streets or highways this policy in.~ures the ordinary rights of abuttin~ owners for access to one of stich streets or hi~hwa)'s. unless otherwise excepted or excluded herein, (d) Defects, liens, encumbraoce.~. adverse claims against the title as insured or other matters (1) created, suffered, assumed or agreed to by the Insured claimin~ loss or damage; or (2) known (Q the Insured Claimant either at the date of this policy or at the date sllch Insured Claimant ac- quired an estate or interest insured by this policy and not shown by the publ ic records, unless disclosure thereof in writjn~ hy the Insured shall have been made to the:: Com- pany prior to the date of this policy: or (3) resulting in no loss to the losur'ed Claim- ant; or (4) attaching or created subsequent (0 the date hereoL (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 (1) for the defense of the Insured in all litigation consisting of actions or proceedin~s com- menced against the Insured, or defenses. restraining orders, or injunctions interposed against a foreclosure or sale of the mort- gage and indebtedness covered by this policy or a sale of the estate or interest in said land; or (2) for such action as may he appropriate to establish the title of the estate or interest or the lien of the mort- gage as insured, which litigation or action in any of such events is founded upon an alleged defect, lien or cncumbrall({~ 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 .....hich is adverse to the title of the estate or in. terest or lien of the. mortgage as insured, or which might cause loss or Jarnal-ie for which the Company sball or may he [iahle by vinue of this policy. or if the Insurt'd shall in good faith contract to sell the in. debtedness secured by a murtgage cU\"ered by this policy, or, if an Insured in j.:ollll faith leases or ({lfltractS to sell. k'aSl' or mortgage the same. or if the successful bidder at a foreclosure sale under a mort- gage covered by this policy refuses to pur- chase and in any such event the titlt: to said estate or interest is rejected as un. marketable, the Insured shall notify the Company thereof in writing. If such r:G<i~'e shall not be givm to the Company ','iithin ten days of the receipt of process (lr plead- ings or if the Insured shall not, in writin~. promptly notify the Company of any dl'- fect. lien or encumbrance insured OlJ::':linst \\'hich shall come to the knowledge of rhe Insured. or if the Insured shall not, in writing, promptl}' notify the Company of any such rejection by reason of claimed un- marb:tability of ,tide. then all liability of the:: Company in re~ard to (he subject matte::r of such action. proCeeding or m;ltter shall ce:l..~e and terminate; provided. however. that f;lilure to notify shall in no case prejudice the claim of any Insured unles,~ the Company shall be actually prejudiced by such failure and then only to the e,,(e::nt of such prejudice. . (c) The Company shall have the ri~ht at its own cost to institute and prosecute .lnY 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 or the lien of the lllort- gage as insurl.:d: and the Company may take any appropriale action under the tl'l"llb of this policy whether or not it shall he liabk rhereunder and shall nm therehy concede liability or waive any provision of this policy. (d) In a]l nlSeS where this policy per- mits or requires the Company, _to prosecute or provide for the ddeme of any action or proceedin~, the Insured shall secure to it (he right to so prosecllte or provide de- fense in such action or proceeding, and all appeals therein. and permit it 10 use, at its option, the name of lhe 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 evide::nce, obtainin~ witnesses. or prosl'Cu- ting or' defending such .lction or pfllceed- ing, ;\f1d the Company shaH rl-imburse rhe Insured for any expense so incurred. 5. NOTICE OF lOSS - LIMITATION OF ACTION In addition to the notices n:quirC'(l under paragraph 4(h), a st:ltement in writing of ;lny loss or damage for which it is cLtimed the Comp:lllY is. liable under this policy shall he furnished to (he Company within sixty days after such loss or dama,ge shall have been determined, and no ri,s::ht of action shall accrue to [he Insured under this pn]icy until thirty days after SlKh statement shall h.1Ve been furnished, and no recovery shall be had by the Insured under this policy unle::ss action Sh;lll hl.: commenced thereon within five years aftl'r expir:ltion of said thirty day period. F;li[url" to furnish such ,~(;Hl'rnent of loss or d:unaj::l", or to COlllllll.:IlCl.: such :Iction within tht tin1l' hen:inbdore ~rl.:(ifjed, shall' be ,I ((In. dusi\"l' bar against maintt'nancl.: by tll" In. sured of allY action under thi,~ policy. 6. OPTION TO PAY, SETTLE OR COMPRO- MISE CLAIMS Th~' Company shall have the optinn (ll pay pr ~e(tll' or cnrnpromise fur (lr in rill" name of the Insured any cLtim in'ourl'.j ;l~:UIl_t or to pay the full amount of thi_ polil"Y. or. ill case loss is claimed lIndl"r thi_ j'lIji,}' hy the owner of the in,khl~.dnl.:~_ st'cured hy a mortgagl.: covered hy thi~ polic\-', th(; Company shall havl' the option to purchase ~aiJ indl:htl"dnes'i: such rur. ch:,st'. payment or tender of p:lymelH of (Conditions ond Stipulations Continued and Concluded on Lost Poge of This Policy) mc TO 1012.1 AB C California Land TItle Association Standard Coverage Policy-1963 SCHEDULE A Premium $ 'I. () , 00 Amount $ 2,000.00 Effective Date March 26, 1968 at 8:00 a.m. . Policy No 6739714 INSURED CITY OF ARCADIA, a municipal corporation. 1. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF ARCADIA, a municipal corporation. 2, The estate or interest in the land described or referred to 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. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real ,property or by the public records. 2. Any facts. rights. interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by _ the public records. +. Discrepancies. conflicts in boundary lines. shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public .records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing, the issuance thereof; water rights,. claims or title to water. .~, ,,' TO 1012-18 Coni. C Colifornla Ldnd Till. Aa.oclatlon $hznddrd CO....rag. PQllcy-1963 S CHED ULE B - (Continued) PART II 1. General and special county and city taxes for the fiscal year 1968-1969, a lien not yet payable. 2, Covenants, deed' Executed by Recorded conditions and restrictions contained in the 3, Covenants, Executed by Recorded Peter L. Cuccia and wife : prior to February 15,1950 inboQk 740 page'286, Official Records . conditions 'and restrictions in the deed Peter L, Cucc'1a . prior to February 15, 1950 in book~695 page 59, Official Records,' ... '" TO 1012-1-1056-IC C Am(tric;on land Tille Association loon Policy Aoidltlonol Cove,oge-] 962 "' CQlifornlo Land Tifle AssocIation Standard Coverage Policy-1963 SCHEDULE C The land referred to in this policy is situated in the county of Los Angeles, state of California; and is described as follows: The westerly 17.00 feet of lot 2 of Tract No. 9282, in the city of Arcadia, county of Los Angeles, s.tate of California, as per map recorded in book 125 page 6 of Maps, in the office of the co~nty recorder of said county., . . 'TO..CVC, , .~ ' Jill I .' '~~ I " ~ '.~ .,,:, .. " -, ," , ~." ,. ~ :.. . ' i, , ,..- , , I I I I. I ~ "I.~,' :::+i,,:~ill ~".,:j:',,,,,'._~ \~;!~'~",~.' I I ' ,t..'" J ! . t .',;! III '. h. , r .' ,~' .: ' ~ ~. i ,_ I' , ,~.:: > . ': ;" , .1 'j / ',: ',,=, "; j.:I :~;: ~,l:, .<. ' . :,,1 ,'. T',; ,:,:' ( ': ~,j I'; /'11;1 ,,' ~ . I.!: r!;,r:' 1- '-, ,i' , '. T'; : ' ...'.' ..i:;~" ,I ., ;.:' \ :. . , , ..,."t'l" ",- . , , . " I EAST . ~'-~"iQA j'lt$.~ ~ " AVE:. A...,;i" (~Y, ~ ~(J!j@fJ:~ " "'~5'~ ~ 195.6;) l') 100 "'<.1C!,g)h,. N90Z'-!; TO, '.' ~:~5 y l') '" ~~HOLLY AVE: .:J.}jq:" Y" ('<l ~~i.o' WIDE '1#4', t- I!JZ, 67 I'- 0 . \ \J 10 2 ~ ~ t- ..~~. > '" .:j'<t '" N <(. 190:/3: ~ 5 ~ 6 ~ ~ Ii) 3 '" ~~ -'-"I - :-"1 J c; }-~. r;:X~ j · [ '355.05 U7 C) \) ~ Cl a : co ~ I ":i . .3Z8,t.9, /.~ . \ 198,19 . "- It) '--0 E:: -,-s- '" . "'It's.49 Q 10 ~ .J ~ -.t <( 178,79 '" \l) \'0 Cl ~~ /3 .. : -s II 0\' <ll , co' ~ " ~k '. 55 16!J,8!J If) I\J:/~ ~ ~[Pt\'.i '>: Cl_l2.___~ ~&' >- ",eAt.O~cf~'& tir@@ ,(~ ~:;:;..r GA \Ie. --+-ISiJ,,-91- 65 65 _ A 1 ~ PALM \ WE:.5r , ' J.. I, ;',:'. . '. " . '" " . .' @ j'" " . ,.' ~' i' ',' .. Cl ~ ~ <ti .co":t I' :) ~Cl "l <ti <ll ..346.62 130 1902.00 ''t- TO ;.lOLL Y AVE: ~O'WIDE: . DR. TRACT N9. 9282 This is not a survey of the land but is compiled for information by the Title Insurance and Trust Company from data shown by the official records. , ' .' ,I.. , . /' .- CONDITIONS AND STIPULATiONS {Continued and Concluded From Reverse Side of Policy Face} (he full amount of this policy. together \\'ith all costs, attorney,' fees and exp~nses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given to the Cnm- pany by the Insured, the Company offers to purchase" said indebtedness, the owner of such indebtedness shall transfer and assign s"id indebtedness and the mortga~e securin!!- 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 all. the actual loss of the Insured and COSts and atwweys' fees which rhe Company may be obligated hereunder to pay. (b) The Company will pay, in addition to any loss insured against by [his rolicy, '.111 co~ts imposed upon the Insured in liti- .c;ation 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 he maintainable under this policy (I) if the Company, after having received notice uf un alleged defect, \ien or encumbrance not excepted or excluded herein remove.~ .such defect, lien or encumbrance within a reasonable time' after receipt of SIKh notice, or '(2) for liability voluntarily assumed by the Insured in settling any claim or suit without written consent of the Company, or (3) in the event the title is rejected as unmarketable because of a defect, lien or encumbrance not excepted or excluded in this policy, until there has been a final determinarion by a coun 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 e'ndorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction sha] I be furnished to the satisfaction of the Com- pany; provided, however, if the OWnl'r of an indebtedness secured by a m(lrrj::<l~~ shown in Schedule B is an In.~ureJ herein then such payments shall not reduce I'f(l tanto the amount of the insurance affordtd hereunder as to such Insun:J, (.'xcept to the extent that ::,uch payments reduCl" the amn\ml of the indebtedness secured h}' such morr- j::age, Payment in full b}' any person or voluntary satisfaction or release by the In- sured of a mortgage ((Ivered by thiS pnlicy shall terminate all liability of the Comp<1ny to the insured owner of the indebtedness secured by such morrgage, excepr as pro- vided in paragraph 2 hereof, (e) 'Y:'hen ]iability has been definitely fixed in accordance with the conditions of this policy the loss or damage $hall be: pay- able within thirty days ,thereafter. 8, LIABILITY NONCUMULATIVE It IS expressly understood that the amount of this policy is reduced by any amount rhe Company may pay under any policy insuring the validity or priority of any morrgage shown or referred to in Schedule B hereof or any mnnga.ge here- after executed by the Insurr;d which is a charge or lien on the estate: or interest described or referred to in Schedule A, and the amoum so paid shall be deemed a p<ly- ment to the Insured under this policy. The provisions of this paragraph numbered R shall not apply to an Insured owner of an indebtedness secured by a morrgage shown in Schedule B unless such lnsured acquirc'<, title to said estate or interesr in satisfaction of 5aid indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SEnLEMENT Whenever the Company shall have serried a claim under this policy, a]] right of sub- rog<ltion shall vest in the Company un- affected by any act of. the Insured, and it shall be subrogated to and bt' entitled to all rights. and remedies which Ihe Insured would have had against any person or prop- erty in respect to such claim had this policy not been issued. If the payment does not cover the loss of the Insured, the Company shall be subrogated to such rights aDd remedies in the proportion which said pay- ment bears to the amount of .~aid loss, If loss should rt'sldt fWIll ;lnr ;1("[ of tht' In, sured. such ;lct .shall not void this Plllicy. hut the Cum!,an}', in th;lt eVt'nt. sh,111 be required t\l ray only that parr of any losses insUTt,d a~;limt Iwn:und<.:J' whidl shall ex. CCt:L\ the ';llnmlnt. if ;\ny. Ins! In tht'" enOl. p;tny hy reason uf the impairment of the right of stlhro~ati(ln. The In.~ureJ, if re- quested hy the Company, sh;11I transfer to the Company ',\U ri~ht.;, anJ remt'dle" 3FPinst any person or properry net.'essar}' in order to p(;rfe([ such rit:hl of subro~;lti(lo. and ,~hal] permit dw Company [0 USl' tht, name of the InsureJ in any transact inn or litigation involving such righrs or remedies, If thl' Insured is thl' owner of rhe in- dehtedness secured by a murtgaj::t' covered by this policy, such Insured may release or substitute (h~ p<:rsonal liability of any debtor or j::uarantor, or extend or otherwise modify the terms of rarment. or n:]else' a portion of the est:lte or inl('[e.~t from the lien of the mort~al-!(.', or rdease any col- ]ateml ,~ecurity for the indentedness, pro- \'jdt'J such act Jo(.'s not result in any loss of prillrity of the lien of the mortgage< 10, POLICY ENTIRE CONTRACT Any action or actions or ri,t:hts of action that tht, Insured 1ll:IY have or may brin].: a~ain'<,l the Comp.\ny .\ri.;,in~ nut of tht.' ~tatus of the lien of the lll()n~a~t' covcred hy thi~ po]ky or the titlt- of the esute or interest insurl,d ht'n:in must he hased on the, provisiom lIf this policy. No provision or condition of this policy (;10 h.: waivt.'d or changed exct'pt hy .....ritin~ r;nJor~ed hl'rl.'on or attached IKreto si~ned hv rl1t.; Pn.:s.idt'nt, ;1 Vke Pres.id.ent, the S(:cr~t:lry, all A.~sist;IlH St'cretary or orher valid,lting officer of rhl' COmr;\ny, 11. NOTICES, WHERE SENT A]] notices required to he ~ivt"n till' Com. pany and any stateml'nt in writing requin:d 10 be furnished tht" Company shall be ad- dressed to it ar the office which issued thi.~ policy or to its Home Office, .133 South Spring Slreet, Los ^nf:c:lt.'~ ~4, 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 FOUNOEO IN '8$13 POLICY OF TITLE INSURANCE Offering complete title services throughout the slate of California with just one local call. Complete title services also available in the states of Alaska, Nevada, Oregon and Washington through subsidiary Companies. Title Insurance and Trust Company Home Office 433 South Spring Street Los Angeles 54, California