HomeMy WebLinkAboutD-1633
224
/)- / c' 3.3
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY, CALIF.
FOR TITLE INSURANCE & TRUST CO.
1968 AT 8 A.M.
APR 18
I
RAY E. LEE. County. Recorder.
I FR EE -z....{;" I
~
SPACE ABOVE THIS LINE: FOf.
n:'S USE
I
8 196B,'~
-.J
Grant Deed
DTS
AFFIX,~$..
-z... 2. 0
.....00_ ABOVE
TO 405 C l4-67)
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
ALTA T~ SCHATZ
Q,.7S;
hereby GRANT(S) to the CITY OF ARCADIA, a Municipal Corporation,
J'U'd. //1 /"cc
(/P~ .as' 8eSemB:Rt: 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
County of Los Angeles
~i ty of Arr.,qd.ia h.
\ , State of California:
The westerly 17.00 feet of Lot 9 of Tract No. 9282, in the City of Arcadia, County
of Los Angeles, State of California, as per map recorded in Book 125, Page 6, of Maps,
in the office of the County Recorder of said County,
FREE RECORDING REQUESTED
ESSENTI~L TO ACQUISITION BY
The City of Arcadia
SEE Gov't Code 6103
\:
')
Dated
,n1~ <<7, J7'f"
Mt5: ~Ch~JicJ~
>-
n co
7 D
:;1 t..J
':.J
r-c LJ
3: v
z
o
I-
c-
o:
u
cO
w
,0,
STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES 55,
On Y71A ' "a.. ;:J 7, I? (" j" before me, the under,
signed, a Notary Public in and for said Stale. personally appeared
A1t-~ 7' 1=:("},;:Ih,
~
l\:l
~
to be the person~whose name
instrument and acknowledged that
WITNESS my hand and official seaL
is
she
, knowTl to me
subscribed to the within
executed the same.
,....-.:_...'<.~~~<~
OF~<lCIAL SEAL ~
FLORENCE E, NEERGARD
NOTAr.y ",UBUC - CALf;:ORNfA
11
~.co.~
il~~\
ll'tK~p
1
GRANT DEED
GRANT DEED
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
'", --,
-,
.... .-
MARK H. BLOODGOOD
AUDITOR,CONTROLLER
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
ROBERT A. GILL
CHIEF DEPUTY
J. R. PASSARELLA, CHIEF,
TAX DIVISION
153 HALL OF ADMINISTRATION
LOS ANGELES, CALIFORNIA 90012
625.361 I
February 10, 1969
RECEIVED
FES 11 1969
Ci ty of Arcadi'a
240 West Huntington
Arcadia, California
Drive
91006
.CITY OF ARCADJ,\
CITY ~~TIO~NEY
Attention: Robert D. Ogle
Ci ty Attorney
Re: Baldwin Avenue
Parcel No. 5'5'
Gentlemen:
Pursuant to your letter dated June 24, 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-
vi.sors October 22, 1968
by Authorization No. 0615'7.
Very truly yours,
~. 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
EDWARC) L. BUTTERWORTH
ROBERT J. CONSIDINE
JAMES R. HELMS. JR.
~
240 WEST HUNTINGTON DRIVE
ARCADIA, CALIFORNIA
LYMAN H. COZAD
C:1TY MANAGER
CHRISTINE VAN MAANEN
CITY CLERK
June 24. 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. 55
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
Enco
1-
MAILING ADDRESSES
CITY HA.LL P. Q. BOX 60 91006
LIBRARY 20 W. DUARTE ROAD 91006
POLICE DEPARTMENT P. O. BOX 60 91006
FIRE DEPARTMENT 710 S, SANTA ANITA AVE. 91006
TELEPHONES
446-4471 . 681.0276
446.7111
447,2121
446-2126
L/
TO 1012-1 Fe (IO.67)
(ol1fornio l(:lnd Title .&..ssociation
Standard Coveroge 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
representatives of such Insured, or if a corporation, its successors by qissolution, 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:
L Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the
land described or referred to in Schedule C, existing at the date hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or
2, Unmarketability of such title; or
5. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the
owner of which is named as an lnsured in Schedule A, but only insofar as such defect affects the
lien or charge of said mongage upon the ~state or interest referred to in this poiicy; or
-L 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;
l_r
all subJ'ect, howev.er-,~r0'1he""p:')~~isjons of Schedules A, Band C and to the Conditions and Stipulations-
-.- r "~\
hereto annexcl,~ ~c.,," AND 1"R(j \\\
~ q.\l' 00000000 ~... II,
.-.;" OOd-€. \S PROooo r ,~
;;' ~ oO~Ot" .,.~ 0 ~ 111
P ~ oo~ Q>-':o~'f.~j,,;dI.!1~1fi~n~ss~refeofJ Title Insurance and Trust Company has caused its
~ ' 00 ~ q"(> !lcoffiorat1.8ame.a~dd seal to be hereunto affixed by its duly authorized officers
';t 4J or-J""'-.......'-.c y.,--y' \,,1...-:---r.~ Q -n f1 d
~ -.J OL.:- \":-~Y-'Z1 on the da~e\shown'm Sche uJe A.
r. I- 0 ,arc _M \.,"~'-'-'o ... ~
~ _ 0 -:~~~3'!T '0.---<\1'"-"'~ 0 2: ~
~ \- 0 "A!. --7-r}~ I}~-'It ~~ g -""(' ~
~ "0 .A '~' -" ,,,"~,cS:>';;r Qg ~
I/, -{r 007<" '"" if;;:,)1!Ifh- 'Q"'oo * i1
~( (0 ~ ,',,' 'I-~o ~
I! <> 00~1'4TE IS (;"000 ~ ';;-
'~ll ~ -4 00000000 <:}fV, ~
\\\\ ^'GELES. ~~
\\\\'\,,'\.,,~,~
Title Insurance and Trust Company
by
~~~~NT
Aile" 0W N-~
SECRETARY
ifv'
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;
(e) "knowledge": actual knowledge, not
constructive knowledge or notice which
may be imputed to the Insured by reason
of any public records;
(d) "dale": 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 indehtedness, 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
huilding 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
ownc.'rsbip or a reduction in the dimensions
or area of any lot or parcel of land.
(h) Governmental rights of police power
or eminent domain unless notice of the
exercise of such rights appears in the public
records at the date hereof.
(c) Tide to any property beyond the
lines of the land expressly described in
Schedule C. or title to streets, roads, ave-
nues, lanes, ways or waterways on which
such land abuts. or the right to rnaimain
therein vaults, tunnels, ramps or an)' other
structure or improvement; or any rights or
easements therein unless this policy specific-
ally provides that such property, rights or
easements are insured. except that if the
land abuts upon one or more I'hysically
open sueets or highways this policy insures
the ordinary rights of abutting owners for
access to one of stich streets or highways.
unless otherwise excepted or excluded
herein.
(d) Defects, liens, encumbrances, adverse
claims against the title as insured or other
matters (I) created, suffered, assumed or
agreed to by the Insured claiming loss or
damage; or (2) known to the Insured
Cl<limant 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 In.~ured 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
withom undue delay shaH provide (1) for
the defense of the Insured in all litigation
consisting of actions or proceedings com-
mtnced against the Insured, or defenses,
restraining orders, or injunaions 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 mort-
gage as insured, which litigation or action
in any of such events is founded upon an
alleged defect, lien or encumbrance in-
sured against by this policy, and may pur-
sue any litigation to final determination in
the court of last resort.
(b) In case any such action or proceed-
ing shall be begun, or defense interposed,
or in case knowledge shall come to the In-
sured of any claim of title or interest which
is adverse to the title of the estate or in-
terest or lien of the mortgage 3-S 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 mortgage 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 norify the Comp.lOY of any de-
fecr. lien or encumbrance insured ag:1insr
which shall come to the knowledge of rhe
Insured. or if the Insured shall not. in
writing. promptly notify the Company of
any such rejection by reason of claimed un-
marketabililY of title, then all liability of
the Company in regard {Q rhe subject mfltter
of such action, procteding or matter .shall
ceaSe and lerminate; provided, however,
that failure to norify shall in no case
prejudice the claim of any Insured U!1less
the Company shall be actually prejudiced
by such failure and then only [(I the estent
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 other
act which in its opinion may be nece~sary
or desirable to establish the title of the
estate or interest or the lien of the nlOrt-
gage as insured; 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 to
it rhe 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 I nsured 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 pro5ecu-
ting or" ddending such action or pro(eed-
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 5uch
statement shall have been furnished, and
no recovery shall be had by the Insured
under this policy unless action shaH be
commenced thereon within five years ;lfter
expiration of said rhirry dar period. Failure
to furnish such starement 0 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, OPTION TO PAY, SETTLE OR COMrRO-
MISE CLAIMS
The Company shall have the optIOn to
payor settle or compromise for or 10 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 this
policy by the owner of the indebtedness
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 paymenr of
(Conditions and Stipulations Continued and Concluded on Lost Page of This Policy)
TO 101';2_1 AS C
Colifc.rr,ia land Title A$$ociotion
Standard Coverage Policy-1963
SCHEDULE A
J., ;',00
Prenlium $ ( U
Amount $ 2,000.00
EFfective
Date Aprll18, 1968 at 8:00 a ,m.
NSURED
Policy No, 6739719
CITY OF ARCADIA, a municipal mrporation.
1. Title to the estate or interest covered by this policy at the date hcreof is vestcd ill,
CITY OF ARCADIA, a municipal corporation.
....
2, The cstate or intcrest ill thc land describcd or refcrrcd to ill Schedulc C covcred by this policy IS
a fee,
SCHEDULE B
This policy does not insure against loss or damage by rcason 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 hut 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 a
correct sunrey 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 10fZ.18.Cont, ,C
Califar,rla land Title Au'Oclatlon
Standard Coverage PoliC)'_1963
S C H E D U L E B - (Continued)
PART II
1. General and special county and city taxes
fo~ the f+scal year 1968-1969, a lien not yet payable.
2. Covenants, conditions and restrictions imposed by
de'eds from Peter L. Oupcia, and wife, recorded prior to
February,15, 1950 in book 740 page 286, Official Records
andiin the deed from Peterl L. Cuccia, and wife, recorded
prior to' February 15, 1950 in book 6087 page 230, Official
Records, in which last deed the conditions provide that a
violation thereof shall not defeat or render invalid the,
lien of any mortgage or deed of trust made in good faith
and for value.
3. An action in'the
Commenced
Entitled
Superior Court
March 22, 1968
City of Arcadia, a municipal corporation
vs. Elizabeth Rowse Wilson, et al
929015, County of Los~Angeles
public right of way
parcel No. 55
of said action 'was
: March 22, 1968 in book M 2807
page 805, Official Records
Case No.
Nature of Action
Affects
Notice of the pendency
Recorded
4. The following provis ion of the Deed from Al ta T. Schat'z
to the City of Arcadia, a municifal corporation, recorded
Ap:ril 8, 1968:
"G:rants to the city of Arcadia, a municipal corporation in
fee fQT public street and road purposes, to become a part
of and to ]:le known as Baldwin Avenue."
TO JOI2.1....:~056'~1C C
Arnerj(Qn land Tifle Association loan Policy
Additional Coverage~ 1962
0'
Colifornia land Title 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 9 of Tract No. 9282, in
the City of Arcadia, county of Los Angeles, state of
California, as per map recorded in book 125 page of'
Maps, in the office of the county recorder of said county.
.
PORTION OF LOT 9 OF TRACT NO. 9282
~
.----- ~---
, /---rt(t?@llill( ti ft117!"V~"~ '
/J~,/",,\,m,i!!\~------" --~c@!l ~
, "-~ ,,~ ---- " f?'I';'"
~~~::>~.-- ~ \.L~~ '
'/~~:" '~~
./~ '?~
Ii:"~ ~~
/..gf'~ '~~~ -.
,~,1/ lj'" \
/~'? ~
.. /
, / I r~'-'~~SS' _~ ~ \ \
I! I (~ ,\ I \ \
r /' I I r I - \ ',?e.. I~I \ \
( " l~ I 0 I ~ \-- rr-J 9 I ~ l '
I \ .L ! 18e,~ I :
\\ " ~ I I 'I ! )'
\ \,l, I I )
, " ~1I\ L- / /
\ J1?o ~ ~~/
~\;~". \ ~/P(~'YJ
~OG, .AiRIBALDI b" , .~
~ ))0',,- 0 ,.,;(<s;'>
~,~\1e. /,rN~~
.fill"'" ...... 0
~,;.yf}" ~~~ ~)J ,
''-'({d.1@r;" -.-BAu~~~DR~
!&<i!~;,~_~ - .
@
This ;s 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)
the full amount of this policy, together
with all costs, attorneys' fees and expenses
which the Company is obligated hereunJt'r
to pay, shall terminate all liability of the
Company hereunder. I n the event, after
notice of claim has been given to the Com-
pany by the Insured, the Company offefs
to purchase said indebtedness, the OWner of
such indebtedness shall transfer and assi,gn
said indebtedness and the mortga~e securin,g
the S,1me to the Compnny upon p:lyment 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 he
ohligated hereunder to pay.
(b) The Company will pay, in addition
to any loss insured against by this policy,
~1l1 costs imposed upon the Insured in ]iti-
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
I)f an alleged defeer, lien or encumbrance
oat excepted or excluded herein removes
such defect, lien or encumbrance within a
reasonable time after receipt of such notice.
or '(2) for JiabiJiry volunrarily ,1$sumed oy
the Insured in settling any claim or suit
wirhout written consent of the Company,
or (3) in the event the tit]e is rejected as
unmarketable because fif a defect, lien Ilr
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 Joss or destruction shari
be furnished to the satisfaction of the Com-
pany; provided, however. if tht' owner of
an indebtedness secured by a mortgage
shown in Schedule H is an Insured herein
tht:n such payments shall not reduct: pro
tanto the amount of the insuranct': afforded
hereunder as to such Insured. except (0 the
extent that such payments reduce the amount
of the indebtedness secured by such mort.
gage. Payment in full by any person or
voluntar)' satisfaction or release b)' the In-
sUfl:d of a mortgage covered by this policy
.~haJJ 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 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 [he Company may pay under any
policy insuring the validity or priority of
any mortgage shown or referred (0 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 [Q in Schedule A, and
the amount so paid shall be dl:emed a pay-
ment to [he 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
title to said estate or interest in satisfaction
of said indebtedness or any part thereof.
9, SUBROGATION UPON PAYMENT Olf
SEnlEMENT
Whenever the Company shall have settled
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 he 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
~half be subrogated to such rights and
remedies in the proportion which said pay-
ment bears to the amount of said loss. If
@
loss should result from anr act of the In-
sured, such an shall not void this policy,
hut the Comp;ul}'. in tlMt event, shalJ 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 hy reason of the impairmem of tht:
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 nefessary in
order to ptrfect such right of subrogation,
and shall permit the Company to use the
name of the Insured in any transaction or
litigation involvin,g such rights or rtmedies.
If the I nsured is the owner of the in-
debtedness secured by a mortgage covered
by this po] icy, 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 reJea.~e any coJ.
lateral security for the indebtedness, pro-
vided such act does nOl result in any loss
of priority of the lien of the mort~age.
10, POLICY ENTIRE CONTRACT
Any action or actions or right~ of action
that the Insured may have or may bring
against the Comp,1ny arising out of the
status of the lien of the mortgage covered
by this policy or the title of the t:state or
interest insured herein must be hased on
the provisions of this policy.
No provision 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
validating officer of the Company.
11, NOTICES, WHERE SENT
All notices required to be given rhe Com-
pany and any statement in writin~ required
to be furnished the Company shall bt: ad-
dressed to it at the office which j,Hu('d thi.~
policy or to its Home Office, 433 South
Spring Streer, Los Ange]es :>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 ,eg3
,., .. -- -- -,&""~~"~'-",#-~.
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
,
~
- -_.-
-,~--
-
.-- -