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Home My WebLink AboutD-1611 \~ , '. ;.~- . I ~ 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 22, 1968 , from or executed by Helen N, Tyler , 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. /:E:~r The ocument thus described is CERTIFICATE OF ACCEPTANCE ~K 03956 r G 298 ~//,~ City Engineer :J:l:, ~ ~ "'" i i- I. hereby approved~~~ City A~ ' , . ,CITY 'OF ARCADIA 496 ~ ~ 03956 r G 29r AND WHit.... RI:CO"DI!:D JolAtl.. TO RECORDED IN OFFICIAL RECORDS of Loa ANGELES COUNTY, CALIF, FO" TITLE INSURANCE & TRUST CO, 1,. I N~. City Clerk I APR 1 1968 AT 8 A,M, Sf'.., Addrell P.O. Box 60 RAY E. LEE, County Recorder City & Arcadia, Calif. slClleL ~ ,. . "f ~ ~ SPACE ABOVE THIS LINE FOR R $2,20 USE .....All TAX SlA'~/I\fNT5 TO I Name City of Arcadia I 1968 Str..' "ddreu City & SIClleL -.J Grant Deed lJ TS Q AFFIX ~, $..,........: /).0 ,;....--- ........ ABOVE TO 405 C (4.67) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY fOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, ,,' , >fREE'V" R ) HELEN N. TYLER oreby GRANT(S) '0 the CITY OF ARCADIA, a Municipal Corporation, /N FEE for public Btreet and road purposes, to become a part of and to be known ~s Baldwin Avenue, in, on, upon and across the following described real property in the City of Arcadia, County of Los Angeles , State of California: That portion of Lot 25 of Tract No. 8475, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 114, Page 100 of Maps, in the office of the County Recorder of said County, described as 'follows: Beginning at the northwest corner of said lot; thence easterly along the northerly line of said lot to the point of tangency with a curve concave southeasterly having a radius of 15.00 feet, said curve also being tangent at its southerly terminus with the easterly line of the westerly 17.00 feet of said lot; thence southwesterly along said curve to said easterly line; thence southerly along said easterly line to the southerly line of said lot; thence westerly along said southerly line to the westerly line of said lot; thence northerly along said westerly line to the point of beginning. FREE RECORDING REQUESTED ESSENTIAL TO ACQUISITION BY The City of Arcadia SEE Gob't Code b10.3 :rHIS NECESSARY IN CHAIN OF I1J:LE '. Dated 41~ .2 2- /160 AkJ/ 7;-h, Helen N. Tyler ' "' ,." (fj () '" 'ii ::J 0 ?:: () "" :r: ,." '" () ~ ^ ,; m m 0 Z OJ tJJ -< -< ,~ ',/ STATE OF CALIFORNIA \ }ss' ~F LO~ ANGELES ' ; 0...-&( ~.2.?- - (7 &" ~ bero," me, ,be under, signed, a Notary Public in and for'said Slate, personally appeared Helen N. Tyler to be the person_whose name is instrument and acknowledged that she WITNESS my hand and utlicial seal. c; . known to me suhscribed to the within executed the same. t""'" - - ~~ __..,.~o. ."\--f'''~ OFFICIAL SEAL . cT.:;:fi_"" FLOREr~CE E, NEERSARD ,~~~ ;'IOIARY l'U5UG'CAl!fORNIA ~ (~\~~t"~P\/ LOS ANGELES COUNTY 1 \~\*ib:; MyCommissionExpiresMar.4,1972 P. O. Box 60. Arcadia. Calif. Signature ,:: L.LJ 2.. ~ IUcE t5, Name (Typed or Printed) (This lHen 1'01' nnldlli nO!Arld ~elll) . ~ \ . Title Order No, i& 7 ~ Y 7 "I C'70 r Escrow or Loan No. MAil TAX STATEMENTS AS DIRECTED ABOVE " GRANT DEED --.- Title Insurance and . Trust ,Company r:: ~. COMPLETE STATEWIDE TlTLE,SERVICE WITH ONE LOCAL CALL ' ~:' , , , , " , "j " " "; , , , , .' , , , ! " , , , " GRANT DEED Title -Insurance and Trust Company COMPLETE;: STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL ........ '. "'-, ,~- ~,. . ~ . -'" .. ~. ..~. : ..~. - . .' , . . . , ' , ' I'.'" MARK H. BLOODGOOD AUDITOR.CONTROLLER COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 62.5-36t 1 May 21, 1969 Cl ty of Arcadia 240 West Huntington Drive Arcadia, California 91006 Attention: Robert D. Ogle City Attorney Re: BALDWIN AVENUE PARCEL NO. 37 Gentlemen: Pursuant to y{!ur letter dated May 9, 1968, taxes have been cancelled in acc...rdance with Section 4986 0f the Revenue and Taxati0n C:>de. This cancel- lation was ordered by the Honorable Board ~f Super- visors Oct. 29, 1968 by Auth'lrization No. 06366. Very truly y~urs, MARK H. BLOODGOOD, Auditor-Controller Cf(.A... 4.L-'l-' ~-~^-.:: By J. R. Passarella, Chief Tax Division JRP/EMP/ejrl AP-/tt !/ ROBERT A. GIL~ CHIEF DEPUTY J. R. PASSARELLA, CHIEP, TAX DIVISION RECEIVED MAY 27 1969 .ClTY OF ARCADIA CITY ATTORNE"( ""\ " " CIT,Y COU~CIL DON W. HAGE "'AVOI'll City of Arcadia C. RoetRT ARTH MAYOR PRO TEM EDWARD L. EJUTTERWORTH 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. 37 Dear Mr. Passarella: Plea~e 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 A.DDRE55ES CITY HALL P. O. BOX eo "1008 LIBRARY 20 W. DUARTE ROAD "'008 POl.lCE DEPARTMENT P. O. BOX 50 910015 FIRE DEPARTMENT 710 5. SANTA ANITA AVE. 91005 TELEPHONES 4..e-4471 . 681.0276 A46.7111 447.2121 446.2128 A TO 1012-1 Fe (lO-67) Californio land Title Association Standard Coverage Policy Form Copyright 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective dare, 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 qissolurion, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys' fees and expenses which the Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the Insured shall sustain by reason of: 1. Any defect in or lien or encumbrance on the titlt' to the estate or imerest covered hereby in thl:' land described or referred to in Schedule C. t'xisting at the date hereof, not shown or referred to in Schedule B or exduded from coverage in Schedule B or in the Conditions and Stipulations.; 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 estate or interest referred to in this poi icy; 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 m'ortgage being 5hown in Schedule B in the order of its priority; all subJ'ect, however~f0'1~"'p).~~lsions of Schedules A, Band C and to the Conditions and Stipulations- ~ ""'\ hereto annexci':'" ~CE AND r~,. \\1 ~ ",", 000000 V<5' II ~ ~':c' oo':.~ IS PIl~Ooo r I. P! ~v oO-?-Ol" ,....0 A 8, ~ ~ oo~ 'I-.q..{.O't.~1&ll.tll}J}Vl~t!YfdPi!,ereofJ Title Insurance and Trust Company has caused its i '" 00 ", ~ .' ~^c(/rp.oratt8afIle.a~~d seal to be hereunto affixed by its duly authorized officers 'A IU O~"."o,2"7' ",';":'rh' d~' oh- (.. S h d 1 A ~ .....J 01 >:-'_~-'!'~ o,E't e', ate sown/In c e u e . ~ I- 0- .ffi. ~", \ - ,L\~Qo )P '4 r.J o-~ ~-~'''''M'' 0 Z ~ ~ i= 'i, '>ki~,.", ~7-7-,~M'\k,' ''It,c:g "0( ~ ~ O,A ';~K,d ^"'''''i.:)/}'t, Q,f ~ ~ {r oo~<" -'~'0:- ~c'",\o 1} ::: I, < 0 ~ "- - t-~ 0 L, ~ '1 <> oo~"'" TE IS GUooo ,.....;:::- ~I 0' 00000000 -V-".:;:- 1\\\\-4I\1GELES, C -=-~ \\\\'\'\.,'~,~ Title Insurance and Trust Company by ~~~~NT Alleft CJLu H-~ , SECRETARY CONDITIONS AND STIPULATIONS 1. DEfiNITION 01= TERMS The following terms when used in this policy mean: (a) "land": the land described, specific- ally or by rder(;-nce, in Schedule C and improvements affixed thereto which by law consrirute real prtJpeny; (b) "public records": those records which impart constructive notice of matters relating to said hmd; (e) "knowledge": actual knowledge. not constructive knOWledge or notice which may be imputed to the Insured by reason of any public rec()rds; (d) "date": the effective date; (e) "mortgage": mortgage, deed of trust. trust deed, or other 5ecurity instrument; and (f) "insured": the party or parties named as Insured, and if the owner of the in- debtedness secured by a mongage 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 Mtisfaction of said indebtednes~, and (3) any federal agency or instrumentality which is an in- surer or guarantQr under an insurance con- tran or guaranty insuring OJ" guaranteeing said indebtedness, or any part thereof, whether named a5 an insured herein or not subject otherwise to the provisions hereoC: 2. BENEFITS AFTU. 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 guara.nty insuring or guarantee- ing the indebtedness secured by a mortgage covered by this lJOlicy, or any part thereof, this policy shall continue in force in favor of ~uch Insured, agency or instrumentality, subject to all of the conditions and stipula- tions hereof. 3. EXCLUSIONS FROM THE COVERAGE OF THIS POLICY This policy d<:les nor insure against loss oc damage by r~asons 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 teduction in the dimensions or are,l of any lot or parcel of land. (b) Governm~mal rights of police power oc eminent domain unless notice of the exercise of such rights appears in the public records at the date hereof. (c) Title to any property beyond the lines of the land expressJy 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, ramps or any other structure or improvement; or any rights or easements therein unless this policy specific- ally provides [hat such property. rights or easements are insured, except (bat if the land abuts upon one or more physically open streets or highways this po]icy insures the ordinary rights of abucrinR owners for access to one of such streets or highways, unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against (he title as insured or other matters (I) created, suffered, assumed or agreed to by the Insured claiming loss 01' damage; or (2) known to the Insured Claimant either at the date of this policy Or at the date such Insured Claimant ac. quired an estate or interest insured by this policy and not shown by the public records, unless disclosure thereof in writing by 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 Insured Claim. ant; or (4) attaching or created subsequenr (0 the date hereof. (e) Loss or damage which would not have been sustained if the Insured were a purchaser or encumbrancer for value with. Out knowledge. 4, DEFENSE AND PROSECUTION Of ACTIONS -NOTICE OF CLAIM TO BE GIVEN BY THE INSURED (a) The Company, at its own cost and without undue delay shall provide (I) for the defense of the Insured in all litigation consisting of actions or proceedings com- menced against the Insured, or defenses, testraining orders, or injunaions interposed against a foreclosure or sale of the mcirt. 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 be 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 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, oc 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 whicn the Company shall or may be liable by virtue of this poliq, or if the Insured shaH in good faith contract to sell the in- debtedness secured br a mongage covered by (his policy, or, i an Insured in good faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at a foreclosure sale under a mort- gage covered by this policy refuses to pur- chase and in any such event the title to said estate or interest is rejected as un- marketable, the Insured shall notify the Company thereof in writing. If such notice shall not be given to the Company within [CO days of the fe1:dpt of process Of plead- ings or if the Insured shall not, in writing, promptly notify the Company of any de- fect, lien or encumbrance insured against which shall come to the knowledge of the Insured, or if the Insured shall not, in writing. promptly notify the Company of any such rejection by reason of claimed un- marketability of tide, then all liability of tbe Company in regard to [he subject matter of such action, proceeding or malter shall cease and terminate; provided, however, that failure to notify shall in no case prejudice the claim of any Insured unless the Comp'any shall be actually prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the rij::ht at its own cost to institute and prosecute any action or proceeding or do any other act which in its opinion may be necessary or desirable to establish the title of the estate or interest or the lien of the mort- gage as insured; and the Company may rake any appropriate action under the terms of this policy whether or not it shall be liable thereunder and shall not thereby concede ]iability 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 proceedin~, 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 [() use, at its option, the name of rhe Insured for such purpose. Whenever requested by the Com- pany the Insured s'hal! give the Company all reasonable aid in any such action or proceeding, in effectinp; settlement, securinp; evidence, obtaining witnesses, or prosecu- ting or" defending such action or proceed- ing, and the Company shall reimburse the Insured for any expense so incurred_ 5. NOTICE OF LOSS - LIMITATION OF ACTION In addition to the notices required under paragraph 4 (b), a statement in writing of any loss or damage for which it is claimed the Company is liab]e 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 be commenced thereon within five years after expiration of said thirty day period. Failure (0 furnish such statement of 105s or damaj::e, or to commence such action within the time hereinbefore specified, shall be a con- clusive bar against maintenance by the In- sured of any action under this policy. 6, OPTION TO PAY, SETTLE Olil COMPRO- MISE CLAIMS The Company shall have ehe option to payor settle or compromise for or in rhe name of the Insured any claim insured against or [Q pay the full amount of this policy, or, in case loss is claimed under this policy by the owner of the indebtednes.~ secllred by a mortgage covered by Ihis policy, the Company shall have the option to purchase said indebtedness; such pur- chase, payment or tender of payment of (Conditions and StipulQtions Continued and Concluded on Last Page of This Policy) ~ mc TO 1012-1 AB C Californio Land Title Association Standard Coverago Polic;y-1963 SCHEDULE A Premium $ t.f 7, ..5(J Amount $2, 000 .00 Effective Date April 1,'1968 at 8:00 a.m. Policy No, 6739701 INSURED CITY OF ARCADIA, a municipal corporation. 1. Title to the estate or interest covered by this policy at the date hereof is vested Ill: CITY OF ARCADIA; a municipal corporation. 2, The estate or interest in the land described or referred to III 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 asseSSJnents 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 1012-1B Cant. C Cdlifornia land Title Auodatlon Standard Coverage Policy_1963 S C H E D U L E B - (Continued) PART II 1. General and special county and city taxes for the fiscal year 1968,-1969, a lien not yet payable. 3. Covenants, Executed by Recorded conditions and restrictions in the deed Peter L, Cuccia and wife : prior to February 15, 1950 in book 738 page 23, Official Records conditions and restrictions in the deed A. Arena and wife prior to Febru&ry 15, 1950 in book 7017 page 112, Official Records. Superior Court February 9, 1968 City of Arcadia, a municipal corporation vs. Britta L. Albert, et al. ' 926351, ,county of Los Angeles public use Parcel No. 37 2. Covenants, Executed by Recorded 4. An action in the Commenced Entitled Case No. Nature of Action Affects Notice of the pendency of said action was Recorded : February 9, 1968 in book M 2772 page 966, Official Records. 5./ The following provision of the deed from Helen N. Tyler, to the City of Arcadia, 'a municipal corporation, recorded April 1, 1968: "Grants to the city of Arcadia, a municipal corporation, in fee for public street and road p,urposes,to become a part of and to be known as Baldwin Avenue. I .'" TO l012-1-I056-IC C American land Titl" AssocIation loan Policy Additional Coverag,,-1962 0' California land Titl" Association Standard Coverag" 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: That portion of lot 25 of Tract No, 8475, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book 114 page 100 of Maps, in the office of the county recorder of, said county, described as follows: Beginning at the northwest corner of said lot; thence easterly along th~ndrtherly line of said lot to the point of tangency with a curve concav~ southeasterly having a radius of 15.00 feet, said curve also being tangent at its southerly terminus with the easterly line of the westerly 1~.00 feet of said lot; thence southwesterly along said curve to 'said easterly line; thence southerly along said easterly line to the southerly line of said lot; thence westerly along said southerly line to the westerly line of said lot; thence northerly along said westerly line to the point of beginning. . "c ~ \'t "1 , '" \ .~ -t~i ~ tOt) ~l)'Cl 55 ..t .,~ - '" 80 0> 'U 75. !i7 60 <0 ~ C2 2/ 18 ~ ~ <> '" <0 ~ /75 87. !i '" 10 O'l c /5 /4 '" 87.!i 8, Ii g A7ve, ~ ~\ TRRCT N~ 8475 /'1,8, //4-100. @ 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 STIPUI.ATIONS (Continued and Concluded From Reverse Side of Policy Face) rhe (ull amount of this policy, together wirh all costs, attorneys' fees and expenses which the Company is obligated hereunder ro pay, shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given to the Com- pany by the Insured, the Company offers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortga~e securing the s;otme 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 aounl loss of the Insured and costs and attorneys' fee'i which the Company may be oblig<1ted 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- gatiorl carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by [he Insured with the written authotization of the Company. (c) No claim for damages shall arise or he maintainable under this policy (1) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein remove.~ such defect, lien or encumbrance within a reasooable time after receipt of such notice. O( '(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 tide is rejeered as unmarketable because oJ a defect, lien or encumbrance not excepted or excluded in this policy, until there has been a final determination by a court of competent juris- diction sustaining such rejection. (d) All payments under this policy. ex- cept payments made for COStS, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss Of destruction shall be furnished tn the satisfaction of tht' Com- pany; provided, however, if the owner of an indebtedness secured by a mort~age shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as (0 such Insured, except to the extent that such payments reduce the amount of the indebtedness se<ured by such mort- gage. Payment in full by any person or voluntarr satisfaction or release by the In- sured 0 a mortgage covered by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro- vided in paragraph 2 hereof. (e) When liability has been definitely fixed in accordance with the condirions of this policy the loss or damage shall be pay- able within thirty days thereafter. 8. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any policy insuring the validity or priority of any mortgage shown or referred ({l in Schedule B hereof or any mortgage here- after executed by the Insured which is a charge or lien on the estate or interest described or referred to in Schedule A. and the amount so paid shall be deemed a pay- ment to rhe Insured under this poliry. The provisions of this paragraph numbered 8 shall not apply to an. Insured owner of an indebtedness secured by a mortgage shnwn in Schedule B unless such Insured acquires ritle to said estate or intere'it in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SEnLEMENT Whenever the Company shall have seetled a claim under this policy. all right of sub- rogation shall vest in the Company un- affected by any act of the Insured, and it 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 be subrogated to such rights and remedies in the proportion which said pay- ment bears to the amount of said loss. If loss should resulr from any act of the In- sured, such aer shall not void this policy. but the Cnmp.tny, in that event. shall be required [(l pay only that part of any losses insured a~ainst hereunder which shall ex. ceed the 'amount. if any, lost to the Com- pany by reason of the impairment of the right of subrogation. The Insured, if re- quested by rhe Company, shall transfer to the Company all rights and remedies against any person or property nt\:essary in ordu to perfeer such right of subrogation, and shall permit the Company to use the name of the Insured in any transaceion or litigation involving such rights or remedies, If the Insured is the owner of the in- debtedness secured by a mortgage covered by this policy, such Insured may release or substitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment. or release' a portion of the estate or interest from the lien of the mortgage, or relea.se any col- lateral security for the indebtedness, pro- \'ided such act does nor result in any loss of prioriry of the lien of the mortgage, 10. POLICY ENTIRE CONTRACT Any action or actions or rights of action that the Insured may have or may bring against the Company arising out of the starus of the lien of the mortgage covered by this policy or the title of tht" estate or interest insured herein must be based on the provisiom of [his policy. No provision or condition of this policy (an be waived or changed except by writing endorsed hereon or attached hereto signed by the President, a Vice President. the Secretary, an Assistant Secretary or other \'alidating officer of the Company. 11. NOTICES, WHERE SENT All notices required to be given the Com- pany and any statement in writing requirt"d 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 54. California. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE fOR TITLE SEARCH, TitlE EXAMINATION AND TiTlE INSURANCE. @ Title Insurance and Trust Company "'OUNOI!:O IN tee3 POLICY OF TITLE INSURANCE Offering complete title services throughout the state 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 433 South Spring Street Los Angeles, California 90054