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HomeMy WebLinkAboutD-1626 . t ;~-::..'! CERTIFICATE OF ACCEPTANCE ~K 0397/ rG 184 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 April 1, 1968 , from or executed by William Bacome and Nettie Bacome , 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, aa instrument No. 3069 in ,Book 56448, Page 264, Official Records of Los Angeles the City of Arcadia conaents to the recordation thereof by its duly fficers. ~ l\,";> ", as to form, xr::;~:~ - ~~$~ City Enginee r The is hereby approved , '- " !".;vr.. ,CITY or ARCADIA . AND WHEN "ECORDI:D MAIL TO 1)- /b~ t r- No",e City Clerk Str.et P.O. Box 60 J.ddrell City & Arcadia, Calif. Stole L I RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY ' FOR TITLE INSURANCE & TR'UCALIF, ST CO, APR 16 1968 AT 8 A.M, RAY E. LEE, County Recorder. -.l SPACE ABOVE n.". $1'.65 "! RECORDER'S USE r- Ci ty of Arcad'ia I I FREE "'7.---G 1 MAIL TAX STATEMENTS TO No",e Str.et Addreu City & S,ateL ..J Grant Deed AFFIX 9.,:r:s'uuL~, nnn AnOVE TO 40:5 C (-4.67) THIS FORM FURNISHED BY TITLE INSUR"NCE AND TRUST COMP"HY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, WILLIAM BACOME and NETTIE BACOME ~rebY GRANT(j;) to the CITY OF ARCADIA, a Municipal Corporation, , /N r'C'E 8R eaBeM8Rt for public street and road purposes, to become a part ~ as Baldwin Avenue, in, on, upon and across of and to be known the following described real property in the County of Los Angeles The easterly 12.00 feet of the southerly 65 feet Block "0" of Santa Anita Land Co's Tract, in the State of California, as per map recorded in Book the County Recorder of said County. City of Arcadia, , Sfiite orrCalifo~~: of the northerly 132 feet of Lot 5 in City of Arcadia, County of Los Angeles, 6, Page 137 of Maps, in the office of FREE RECORDING REQUESTED ESSENTIAL TO ACQUISITION BYE The City of Arcadia SEE Gov't Code bl03 Dated ~.t-:j If /'1Gr {O<l~/ ~/?~, William acome ~ 60A:4n;<>z...( Nettie Bacome i 10 'tu I, "- - >- co 0 Cl ~l '" !n '" U C:: W :r ::.;... u z 0 ;::: a. 0:: u Ul w '" THIS NECESSARY IN CHAIN OF JlTLE }SS. On before me, the under- signed, a N lary Public in and for said State, personally appear{'d William Bacome and Nettie Bacome . known to me to be the person--8-whosc nam('!=l .Rrp- subscribed to the within instrument and acknowledged thal-.-;' th P.y executed the same. WITNESS my hand and o/lidat seal. (] S;gnatu,e -?f~ ~, niJOAjA~ FL-o,ZCHoS E, AI~~4Il/l..o Name (Typed or Printed) ~'^-........".. ~~~-~-~~ ~ ~,;;?'f..z..'). OFFiCIAL SEAL ~~' "y",..;r:i"~\ FLORENCE E. NEERGARD '.~~f~.1&!r~l~J NOfARY PUBLIC - CAUf.(Jr{[~IA \<:~ LOS ANGELES COUNTY : (4UF()l>~' MyCommissionExPiresMar.4.1972 , P. O. Box 60, Arcadia. Calif. (Thl~ ar~a fOI" omdal notarial wall Title Order No, Escrow or Loan No. . MAIL TAX STATEMENTS AS DIRECTED ABOVE -'i " '. GRANT DEED GRANT DEED ..J-' Title Insurance and Trust Company Title Insurance and Trust Company ,,' COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL ...,.....' .. ... /--' .. ... .. -, "- '\- (, ,', ''" ,'.;.:- ,,~ , ~ . " ,... .. ' tt.. , . . . . ' 'It ~ ... MARK H. BLOODGOOD AUDITOR.CONTROl.LER fi-}- /U"'-- COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER ROBERT A. GIL.L CHIEF DEPUTY J. R. PASSAREL.LA, CHIEF, TAX DIVISION 153 HALL OF ADMINISTRATION LOS ANGELES. CALIFORNIA 900t2 625-361 1 March 27, 1 969 RECEiVED APR - 2 1969 City of Arcadia 240 West Huntington Arcadia, California .CITY OF ARCADIA .elT" ATIORNEY Drive 91006 Attention: Robert D. Ogle City Attorney He: Baldwin Avenue Parcel No. 78 Gentlemen: Pursuant to Y'-''.lr letter dated May 9, 1968, te.:X8S have baen cancell.ad in acc'_,rdance vrith Sec.:tion 49B6 ..,.r 't.he Ee",r~nile rlnd Ta..."'{Cl-si0n CJde. This cr~cel- la,tio,-,../C,s erGs:coG by the Honorable DGilr-d of S'.:p,er,~ visc,rs Oct. 29, 1968 by Authc,rizat!,on No. 06343. Very truly y:urs, ~BIf)ODGOOD , B'J Auditor~Contr011er J. R. Passarella, Chief Tax Division JRPjEMP/ejd I 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. 78 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 There is no building on it. purposes. Very truly yours, .( RDO: jh Enc. ~ MAILING ADORE.5SES CITY HALL P. O. BOX eo 91008 LIBRARY 20 W. DUARTE ROAD 910015 POLICE DEPARTMENT P. O. BOX eo 910015 FIRE DEPARTMENT 7105, SANTA ANITA AVE, 910015 TELEPHONES 446-4471 . 581.0276 446-71'1 447.2.121 446-2129 v TO 1012.1 f C (10.67) California lc,"d Title Assaciatian Standard Covera'CIe Policy Form Copyright 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective date, and amount of which are shown .in Schedule A, hereby insures the parries named as Insured in Schedule A, the heirs, devisees, personal represencarives of such Insured, or if a corporation, its successors by dissolucion, merger or consolidation, against loss or damage nOt exceeding the. amount stated in Schedule A, together with COStS, arrorneys' 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: L Any defect in or lien or encumbrance on the titlt, 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 tn in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; ur 2, Unmarketability of such (itle; 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 (he t:state or interest referred to in this poiicy; or 4, Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred co 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 subJ'ect, however;--"t0'1~"'p)~~~~;ions of Schedules A, Band C and to the Conditions and Stipulations- --- .. "\\ hereto annexcl":- ~c~ AND II?(; \\\\ ~ ~\>' 00000000 ..$'" 'I .:;;:' ~'. 00",,,, \5 PI/Oooo r /. ~ CI)" 00 0'1'" 'J-, 0 A'I ,:;' ~ oOf<.. ~...'1-{I.;c'1&.:'l!z",~i~m!.ss(!l'7(rereofJ TItle Insurance and Trust Company has caused its ~ " 00 ~ l}~ J^co!p.orat~8ame_a~.d seal to be hereunto affixed by its duly authorized officers ~ I.&.J o~.--/ "-~h' d"" C "" f" d ~ -.I OL~",,~~jlo_n.t e ate\shownlln Sche ule A, ~ t- 0 'Ilfl --",.q, -:t-~~,o y ~ % 0 ---\. ~ ""',Jji.... \ 0 2: % ~ i= 'i, >.iii;"(:;"~t'?):$. ;,,''Jp-=g -< ~ ~ O..A "7'.'J:!!'Co' 1- I ~~, Q ~ ~ {r oo-s.;', -~ <1l>r JFJfi!",' ",<vi>} j:: " -' 0 -t ,-,' 'I-~ 0" .::: /1 '0 Oo~l'ATE IS G~ooO ,.....,;' " ..$' 00000000 c'V--v ~ 1\\\ -4IVGELES. ~-= \\\\\'\"'~~- Title Insurance and Trust Company by ~~~~NT AlleIt 0W ltf-~ . SECRET^RY 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 rderence, 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) "Jate": the effective date; (e) "mortgage": mortgage, deed of trust, trust deed, or other security instrument; and (f) "insured": the party or 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 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 enjoymem 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 or are,\ 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 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 such land abuts, or the ri~ht to maimain therein vaults, tunnels, ramp~ or any other structure or improvement; or any rights or easements therein unless This policy specific- ally provides that such property. rights or easemems are insured, except That if the land abuts upon one or more physically open streets or highways this policy insures the ordinary rights of abunin,g owners for access to one of such streets or highways. unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against the title as insured or other matters (1) created, suffered, assumed or agreed to by the Insured claiming loss or damage; or (2) known to the Insured Claimant either at the dare 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 subsequent to the date hereof. (e) Loss or damage which would not have been sustained if the Insured were a purchaser or encumbrancer for value with- out knowledge. 4. DEFENSE AND PROSECUTION OF ACTIONS -NOTICE OF CLAIM TO BE GIVEN BY THE INSURED (a) The Company, at its own cost and without undue delay shall provide (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 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 be appropriate to establish the title of the estate or interest or the lien of the mon- 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 reson. (b) In case any such action or proceed- ing shall be begun, or defense interposed, or in case knowledge sha1l 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 by a murtgage covered by this policy, or, if 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 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 encumbrance insured against which shall COllle to [he 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 title, then all liability of the Company in regard to rhe subject matter of such action, proceeding or matter shall cease and terminate; 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 have the right at its own COSt to institute and prosecute any action or proceeding or do any ocher 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 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 prosecute or provide for the defense of any action or proceeding, the Insured shall secure (0 it the right to so prosecute or provide de- fense in such action or proceeding, and all appeals therein, and permit it to use, at its option, the name of the 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" 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 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 be commenced thereon within five years after expiration of said thirey day period, Failure to furnish such statement of loss or damage, or to commence such action within the time hereinbefore specified, shall be a con- elusive bar against maintenance by the In- sured of any action under this policy. 6, OPTION TO PAY, SETTlE OR COMPRO- MISE CLAIMS The Company shall have the option to payor setde or compromise for or in the name of the Insured any claim insured against or to pay the full amount of this policy, or, in case loss is claimed under thi.~ policy by the owner of the indebtt'dm:!\s secured by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness; such pur- chOise, payment or tender of payment of (Conditions and Stipulations Continued and Concluded on Lost Page of This Policy) mc .' , TO 1012.1 AB C California lend Tltlll Association Standard Caverago Policy-1963 SCHEDULE A Premium $ ..yIC), !?.1 Amount $ 2, 000 . 00 Effective Da~ April 16, 1968 at 8:00 a.m. INSURED Policy No, 6739757 CITY OF ARCADI~, 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. . Z, 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 taxc1; or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which flrc 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 II correct survey would disclose, and which are not shown by the public records. 5. UnpCltenteCl mining claims; reservations or exceptions in patents or 'in. Acts authorizing the issuance thereof; W<iter rights, claims or title to water. K8 TO 1612-18 Corn..C California lClnd Tille AuoclClt1on Standard Cov.rClge Pollcy-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. 2. An easement affecting all of said ,land for the purposes stated herein, and incidental purposes In Favor of Santa Anita Land Company For : a pipe line Recorded : in book 55 page 171, Official Records 3. An easement affecting all of said land for the purposes stated herein, and incidental purposes, In Favor of Edward C., Cribb and R. T. Brodak For pipe lines Recorded April 23, 1907 in book 3035 page 192, of Deeds. 4. Covenants, J);xecuted by Recorded conditions and restrictions in the deed Margaret D. Waltz : prior to February 15, 1950 in book 2972 page 175, Official Records. 5. An action in the Commenced Entitled Superior Court March 2~, 1968 City of Arcadia, a municipal corporation, vs. Elizabeth Rowse Wilson, et al 929015, Los Angeles County public right of way parcel No. 78 Case No. Nature of Action Affects Notice of the pendency of said action was Recorded : March 22, 1968 in book M 2807 page 805, Official Records as instrument No. 3066 6, The following provision of the Deed from William Bacome and Nettie Bacome, to City of Arcadia, a municipal corporation, recorded April 16, 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 . c, TO 1012-1-1056.1C. C ,,; . American ll".lnd Title A~sociotion loan Policy Additional <:overage-1962 0' California land Title Associotion Standard CO\-'erage PoHcy-J963 )' '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 easterly 12,00 feet of the southerly 65 feet of the northerly 132 feet of lot 5 in block "0" of Santa Anita Land Co I s ,Tracit, in the city of Arcadia, county of ,Los Angeles, state of California, as per map recorded in book 6 page 137 of Maps, in the office of ' the county recorder of said county. ' . , TO 236 VC 1~( rHrT"'-' Or.> -if)T r: - , ,'. .c;. . -' ; i!! "1,(')(:;-: () OF ~ ^'" crr I ^ .,M1T'JI, 1,-1: _n _'/1;.1; CO~~PAl\''l ~;: rllRACT @ This is not B 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 and Concluded From Reverse Side of Policy Face) the full amount of this policy, together \\ ith all costs, attorneys' fees and expenses which the Company is obligated hereunder 10 pay, shall terminate all liability of the Company hereunder. In the event, after notice'.' of claim has been given to the Com- f'any 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 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 attorneys' 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, all 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 (1) if the Company, after having received notice of an alleged defecr, lien or encumbrance not excepted or excluded herein remove.~ such defect, Jien or encumbrance within a reasonable time after receipt of such 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 exc'luded in this policy, until there has been a final determination by a court of ,competent juris- diction sustaining such rejection. (d) AU payments under this policy, ex- cept payments made for COStS, attorneys' fees and expenses, shall reduce the amoum 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, jf tht" owner of an indebtedness secured by a mortgage shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such payments reduce the amount of the indebtedness secured by such mOrt- gage. Payment in full by any person or voluntary satisfaction or release by the In- sured 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, excepr 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 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 to in Schedule B hereof or any mongage here- after executed by the Insured which is a charge or lien on the estate or jnrerest 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 numbered 8 shall not apply to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unless such Insured acquires tide 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, aU right of sub- rogation shall vest in the Company un- affected by any act of the Insured, and it shaH 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 the Insured, the Company\ shall be subrogated to such rights and remedies in the proportion which said pay- ment hears to the amount of said loss. If loss should result from any aCt of the In- . sured. such act shall not vuid this policy. but the Company. in that event, shall be required to pay only that part of any losses insured against 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 the Company, shall transfer to the Company all rights and remedies against any person or property n€(essary in ord(.r to p(;rfeCt such right of subrogation, and shall permit the Company to use the name of the Insured in any transaction or litigation involving such rights or remedics. 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 oE 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 release any col- lateral security for the indebtedness, pro- vided such act does not result in any loss of priority of the lien of the mortgage. 10, POLICY ENTIRE CO~TRACT Any action or actions or rights of action that the Insured may have or may bring against the Company arising out of the status of the lien of the mortgage covered by this policy or the title of the e-state or interest insured herein must be based on the provisions of this policy. No provisi0n or condition of this policy can 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 SE:NT All notices required to be givo::n the Com- pany and any statement in writin~ required to be furnished the Company shall be 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 FOUNOEO IN '80;13 POLICY OF TITLE INSURANCE Offering complete title services throughout the state of California with just one local call. Title Insurance and Trust 'Company 433 South Spriug Street Los Angeles, California 90054 " Complete title services also available in the states of Alaska, Nevada, Oregon and Washington through subsidiary Companies. " ,-