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Home My WebLink AboutD-1634 .' .GU.G -.. -vvr , I U ~'t D- /6J<;/ CITY' OF ARCADIA "NO WHEN RECORDED "'AIL TO RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY, CALIF, FOR TITLE INSURANCE & TRUST CD. I No","e Ci ty Clerk P.O. Box 60 Arcadia, Calif, I APR 22 1968 AT 8 A.M. Strelll Addreu RAY E. LEE, County Recorder. City" SfateL ..J 1 SPACE ABOVE THIS LINE FOR RECORDER'S USE FREE VR I MAil TAX STATEMENTS TO Name City of Arcadia I I FREE RECORDING REQUESTED ESSENTIAL TO ACQUISITION BY The City of Arcadia SEE Gov't Code bl03 $2.75 "^. City & SlotllL -.J Slr.1l1 Addrou , V'V'>-~ , Grant Deed AFFIX9.~~ .'~~m n. ABOVE TO 41)5 C (4,67) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, ARTHUR WILLIAM SMITH and HELEN V. SMITH THIS NECESSARY IN CHAIN .oF rlTrE hereby GRANT(5q 10 the CITY OF ARCADIA, a Municipal Corporation, in fee for public street and road purposes, to become a part of and to be known as Bald~in 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 59 of Tract No, 6641, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 126, Page 67 of Maps, in the office of the County Recorder of said County, included within the following described lines: Beginning at the intersection of the easterly line of the westerly 20.5 feet of Lot 62 of said tract with the northerly line of the southerly 17.00 feet of said Lot 62; thence east- erly along said northerly line to the beginning of a tangent curve, concave northeasterly having a radius of 15.00 feet, said curve being tangent northerly to said easterly line, said beginning of tangent curve being the true point of beginning of this description; thence northwesterly along said curve to said easterly line; thence northerly along said easterly line a distance of 177.5 feet; thence northerly in a direct line to the point of intersection of the easterly line of the westerly 17.00 feet of said Lot 59 of said tract with a line drawn at right angles through a point in the northerly prolongation of the east erly line of said westerly 20.5 feet of said Lot 62 and distant northerly along said line and prolongation 300.00 feet from the northerly terminus of said curve; thence northerly along the easterly line of said westerly 17.00 feet of said Lot 59 to the northerly line of said Lot 59; thence westerly along said northerly line of said Lot 59 to the westerly line of said Lot 59; thence southerly along the westerly line of Lots 59, 60, 61 and 62 to the southwest corner of said Lot 62; thence easterly along the southerly line of said Lot 62 to the prolongation of a radial line of said curve which passes through the true point of beginning; thence northerly along said radial line to the true point of beginni~. Dated ~/O l'1foY ~ /)/~~ I ~thur Willi'}, Smit)1j'/ ~ 6/11/ 1J -'SY/J/1'/'A#! , elen V. S"mi th STATE OF CALIFORNIA } COUNTY OF LOS ANGELES 55, On 0 .AA ~ 0 /0, I 9 t-, ? hefore me, the under- t[ / signed, a Notary Public in and for said State, personally appeared Arthur William Smith & Helen V. Smith ~ iJ >- >- m m z c UJ '" I- I- e n~ w, - L Z 0 j::: D- '" U U1 UJ Q " , known to me subscribed to the within executed the samt', to be the perso~whose name s are instrument and acknowledged that they \Y1T'T'l\JR"'=- ronl h".....-I "",1 "ffi,,;,,1 <:..,,1 ~ '..~'_".::,,~~~-"'~.-c~---..- '_".._';',-:::~",'~ -"__ _ -",<~ ~ 6-"" '-1,.1;"( lA.L jj;" , I r ,{>f'ff"t~, FLO~E~;CE' E NEER.'.5~,RD ~ I;:~"",~!:', r,"",'[]'Ir;"r,'IP r'/lllr"l"'''I~ ~ .' GRANT DEED GRANT DEED'. Title Insurance and Trust Company v Title Insurance and Trust Company, COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL COMPLETE STATEW,IDE TITLE SERVICE '-' WITH ONE LOCAL CALL '.. p ~ \ ~<' , p MARK H, BLOODGOOD AUDITOR_CONTROLLER COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION LOS ANGELES. CALIFORNIA 90012 625.3611 March 19, 1969 RECEIVED MAR 25 1969 City of Arcadia 240 West Huntington Drive Arcadia, California Attention: Robert D. Ogle City Attorney .cITY OF ARCAD ''-\ CITY "rrORNEY ....- Re: Baldwin Avenue Parcel No. 103 Gentlemen: Pursuant to your letter dated May 9, 1968, taxes have been cancelled in acc',.rdance with Section 4986 ~f the Revenue and Taxation C~de. This cancel- lation was ordered by the Honorable Board ~f Super- visors Oct. 29, 1968 by Auth'lrization No. 06323. Very truly yours, ~~RK H BLOODGOOD Auditor-Controller zk' ' ~J J. R. Passarella, Chief Tax Division JRPjEMP!ejn ROBERT A. GILL CHIEF DEPUTY J. R. PASSARELLA. CHIEf", TAX DIVISION ,'.. CITY COUNCIL DON W. HAGE MAYOR City of Arcadia C. ROBERT ARTH "'AYOR PRO TEM EDWARD L. BUTTERWORTH ROBERT J. CONSIDINE JAMES R. HELMS. JR. ~I 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H. COZAD CITY MANAGER CHRISTINE VAN MAANEN CITY CLERK May 9, 1968 Mr. John R. Passarella, 500 West Temple Street, Los Angeles, California Auditor-Controller Room 153 90012 Attention: Eleanor Parker, Tax Cancellation Section Subject: Request for Cancellation of Taxes Baldwin Avenue Parcel No. 103 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 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 446-7fff 447.2121 . 446.2128 v~ TO 1012-1 Fe (10.67) California Land Title Association Stondord Caverage Policy Form Copyright 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Tide 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 lnsured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, irs 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 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. Unmarketabilicy 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 refl'rred 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 shown in Schedule B in the order of its priority; all subject, however;~'t0'1~"))~~lsions of Schedules A, Band C and to the Conditions and Stipulations- hereto annex~.i~:O-~CE AND r~;~\~'l ~,,~ 00000000 V.$'.. '1. :;:' ~~ ooo\lE \S PRO~?o ,. VII, ~ "> 0 ~O ..,] W' 0, /)W.h f 'd ' ~ ~ oO~ ...~{l;1JtlEi--!l"'... 'llJ!f!}SC I', ereo , Title Insurance an Trust Company has caused Its J " ~ ~ *~ lcqtP.orat1;8a~e..a6Ad seal to be hereunto affixed by its duly authorized officers ~ I.<J 0/"--,,,, ~"'/ ""~h' d-' ~h'" f,. h d I A ~ ,-J oLI>- -;:,,*~{.oP',t~t:so o~n~n Sc e u e , ;; .... g- ~'~~ -, ',';\V\ 0 ~ ~ 'A - _. <,;r.p)- ,~Z;;b~y ~ 'A '11 \- ~ /.:ii?*,</'fli\ 'tr""g"" ~ ~_ a .A ~~r ~~Z-u.; 1\4"" QOD % ~ {r 00-5-", "_'<\>: ,i!JJf,'"" ~'voo )0} j:: ~I < oo<!'sr" "v,"''<-oo ~. .::: h. ()" oOoATE IS Gooo ," ~-:' ~~b y 000000 'V'-v ~,.?" .tl~,\-4NGELES, \> ~~ , \\\\\.,'''~~ Title Insurance and Trust Company by ~~~~.'~;~~SIDENT Attest 0W lif-~ . SECRETARY CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "Iand" (he 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 lnsured by reason of any public records; (d) "date": the effective date; (e) "mongage": mortgage, deed of trust trust deed, or mher security instrument; and (f) "insured": the party or parties named as Insured, and jf 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 (I) each successor in interest in ownership of such i.ndebtedness, (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 at instrumentality acquires said estate or interest, or any part (hereof, :l.s a consequence of an insurance contract or guaranty insuring or guarantee- ing the indebtedness secured by a mortgage uwered 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 stipu]a- 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 rcgulating 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 the dimensions or area of any lot or parcel of land. (b) Governmenta] rights of police power or eminent domain unless notice of the exercise of such rights appears in the public rCl'ords 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 which such land abuts, or the right to ll1aintain therein vaults, tunnels. ramp~ 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 that if the land abuts upon one or more physically open streets or highways this policy insures the ordinary rights of ahutting owners for access to one of such streelS or highways. unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against the ritle 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 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 Corn- 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 (I) for the defense of the Insured in all litigation consisting of actions or proceedings com- menced against the Insured, or defenses, restraining orders, or injunctions interposed 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 reson. (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 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 br a mortgage covered by this policy, or, i an Insured in good faith leases or contracts to sell, lease or mortg<lge 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 <lny 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 p]ead- ings or if the Insured shall not, in writing, promptly notify the CompJny of any de- feet, lien or encumbrance insured a,gainst which shall come to the knowledge of the Insured. or if the Insmed shall nOt, in writing. promptly notify the Company of any such rejection by reason of claimed un- marketability of title, then llll liability of the Company in reg'ard to the 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 shaH 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 other act which in its opinion m:ly 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 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 ,,-ction or proceeding, the Insured shall secure to 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 effening .~ettlement, securing evidence, obtaining witnesses, or prosecu. ting or" defending such action or proceed- ing, and the Comp<lny 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 poticy shall be furnished to the Company within sixty days after such loss or damage shall have been determined. and no right of action shaH accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shaH 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 to furnish such statement of loss or damage, or to commence such action within the time hereinbefore specified, shall be a con- clusive bar against maintenance by the In- sured of any action under this policy, 6, OPTION TO PAY, SETTLE OR COMPRO- MISE ClAIMS The Company shall have the option to payor settle or compromise for or in the name of the Insured any claim insured against or (0 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 hy this policy, the Company shall have the option to purchase said indebtedness; such pur. chase, payment or tender of payment of (Conditions and Stipulations Continued and Concluded on Last Page of This Policy) TO 1012-1 AB C Colif"rnia land Titl~ Association Stondard Coverage Policy-1963 SCHEDULE A Premium $ fa co Amount $ 2,000.00 Effective Date April 22,1968 at 8:00 a.m. INSURED Policy No, 6781158 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 jnterest in the land described or referred to m Schedule C covered by this policy lS a fee. SCHEDULE B Thjs 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, 4. Discrepancies, conflicts in boundary Jines, shortage in arca, 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. IBM TO 1012.18 Cont. C Collfornio Land Titl11 AnoclatJon Standard Coverage 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, Covenants, conditions and restrictions contained in the deed Executed by Arcadia Investment and Development Company Recorded prior to February 15, 1950 in book 19906 page 201, Official Records Which 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. Affects affecting the portion of said Jand and for the herein, and incidental purposes Southern California Edison Company in book 29446 page 204, Official Records the northerly 5 feet 3. An easement purposes stated 'In Favor of . Rec'orded 4. An action in the Commenced Entitled Superior Court March 22;' '1968 City of Arcadia, a municipal co rporation vs. Elizabeth Rowse Wilson, et al. 929015, Los Angeles ~ounty public right of way parcel No, 103 , Case No. Nature of action Affects Notice of the pendency Recorded of said action was March 22, 1968 in book M 2807 page 805, Official Records, as instrument No. 3066 5. The following provision of the deed from Arthur William Smith and Helen V. Smith, ,to City of Arcadia, a municipal corporation, recorded April 22, 1968, "Grants to the City of Arcadia, a mu,nicipal corporation, in fee fo'r public street and road purposes, to become a part of and to be known as Baldwin Avenue," ' TO 1012-1-.)QS6..1C C ' American land Title Association loon Policy AdditIonal Coverage-1962 0' California 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: That portion of lot 59 of Tract No. 6641, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book' Y26, page 67 of Maps, in the office of the county , recorder 01' said county, included within the following described lines: Beginning at the intersection of the easterly line of the westerly 20.5 feet of lot 62 of said tract with the northerly line of the southerly 17.00 feet of said 10t62; thence easterly along said northerly line to the beginning of a tangent curve, concave north- easterly having a radius of 15.00 feet, said curve being tangent northerly to said easterly line, said beginning of tangent curve being the true point of beginning of this description; thence northwest- erly along said curve to said easterly line; thence northerly along said easterly line a distance of 177.5 feet; thence northerly in a direct line to the point of intersection of the easterly line of the westerly 17.00 feet of said lot 59 of said tract with a line drawn at right angles thro\1gh" a point in the northerly prolongation of the easterly line of said westerly 20.5 feet of said lot 62 and distant northerly along said line an9 prolongation 300.00 feet from the northerly terminus of said curve; thence northerly along the easterly line of said westerly 17.00 feet of said lot 59 to the north- erly line of said lot 59; thence wester;1:y along said northerly line of said lot 59 to the westerly line of said lot 59; thence souther;1:y along the westerly line ,of lots 59,60,61 and 62 to the southwest corner of said lot 62; thence easterly along the southerly line, of said lot 62 to the prolongation of a radial line of said curve ," which passes through the true point of beginning; thence northerly along said radial line to the true point of beginning. . . ..... /50."6 1/00 ~ 75 ~~,'" .J5_ BL,!S- _7~~, 75 75 7& '!II SO t) 55 ~ I, ~ ",___ " 'd! r;,-, ---- ~, ,'" "Y6 : /OO'~~< f('@ ~TIhQ.l 'Ir[',~::;:--;..., I ~I\ il ",'""""..6,"''\\',.. 'I},&>'-' '3- _'5- _/L -Z-.!!J. ~.9~ 10" ..."1,,1,, ~ ~ ~ "/.e~~'~;;;'--- ,(ij:t; f7'-, I", ~ ~-!~-i~ ~~ 75 75 %Z~.......~'~r;~, ~ 06 :;;;~t3I,64" '" ,",SO SO,," '75/"; ~ ~ ("''',;/21 ~ ~':~ "-.;:'G/;~'\, ~:&oO,.. '" '" I ,& ~ .~ "i" 'I7,D' "~.<'r)~ 1.9 18 17 Iii IS 14 13 I&'~<~>"lf <~r"~ ~~~..... &'&' ~~ ... I I ~ ~'11 / ,"9" ~ ,,1,A'J.Sl' I I '" V. " -...c4,"/.:...o::... ~LV6~.u 75 75 75 ~!SO so!lU 75 7S 75 '" ........-- ()./~ .. / ~ T(/NRS! C"-iIk7vE. %\ ' ~;'XI I ~~:'?:: ~ ~ ~ >, I 7$, 7$1 ~ iii '" ' 55 t 25005 I \ I \~ ( &'4 I '" ~&'S i'6 &'7 &'8 &'.9 30 31 3&'~ '&i ~ l5 2::/1 OJ I l J I ~~ 1,1 ~ ~ 22S.4 ~ I ' I I !; ,~ ::; 4t? I ~ ' I ~ *"\ ~: 2/2.88 ~if~ 3.9 38 37 ,761 3~ 34 4 'j ~\ ',~,;L:~~,;;,,; " "J ;,:J " : \ % ~----7,[ ,~P51 87.5 [~,87.5 ,87.5' ,8751 ii\ \ ~ ';;0': ~47 48 ~~ SO SI SC~ ~~ ~ ,"1.60 Oj~ '" 4;1 "t~~ ~ ';i, f.,~20 ill 87.5 87.5 87S 87.5 87.5 875, .~~' ~"rffj @~'~ ~ S9 ",,,,:2 .... .. 0; ~/"" "'-..~ t1j~ "I 10 "" . ,.J\.~" 4 ~q ">,',' ""',, 6: 0 " .. i\:: 'ii ~, ,/" '" \S:'" ~~ :s . ':It'~ ~J;Go_", :,; ~ OJ ~ ---~ tl&. "~" lQ. "<t7~",,,0_~ -, , ~ .-.Q "'55> ?5-4'-- 53 ':\-........::'-"-'\9',(,~!581 1(501 5~,~Di_____-' "- . 6/~~ ~tit!:'~ ,%;::--- '" ~ /.q2 .. ~ .,4__ --- ~ ----' - J ~ ~ ~ I YW~ENCE RVE, 66 WOODRUFF #8:/5S?"''E. fiVE. ~ ~ eo, ot? '" ~ ~ .'i8.5.: 55" "'I!tg~ - ~ ':\ LiVE ~ TRACT NQ M. S' 126 r'" ,.,11.5~ qQr.; ti,~ .- c'"" fiVE,~'" ..'I8.€2! ,'i:tD 0111< s.~o " ' 664/ - PB, 67 @ <> '" Il, 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. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) lhe full amount of this policy, together wirh aJl costS, attorneys' fees and expenses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder. In the event, after nOlice of claim has been given to rhe Com. pany by the Insured, the Company offers to purchase said indebtedness, the owner of .~uch 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 anua] 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 aU COSts and attorneys' fees in lidgarion 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 defect, lien or encumbrance not excepted or excluded herein removes such defect, lien or encumbrance within a reasonable rime after receipt of such notice. or '(2) for liability vo]untarily 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 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 shaU be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed. in which case proof of such ]OS5 or destruction sba] t be furnished to the satisfaction of the Com- pany; provided. however, if the 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 securtd by such mort- gage. Payment in full by any person or voluntary satisfaction or release hy the In- sured of a mortgage (Overed 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 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 rhe Company may pay under any policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage hen,'- after executed by the Insured which is a char~e or lien on tbe estate or interest 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 it monga,ge 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 SETILEMENT 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 an 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 the 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 result from any act of the In- sured. such ;lCt .~hall not void this pulicy. hut 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 10 the Com- pany by reason of the impairment of rhe 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 necessary in order to pe: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 remedies. If the I nsured is the owner of the in. debtedness secured by a mortgage covered hy 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 rdease any coJ- lateral security for the indebtedness, pro- vided such act does not resulr in any 10$s of priority of the lien of the mortgage, 10, POLICY ENTIRE CONTRACt Any action or actions or ri,l;hts 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 estatt or inceresr insured herein mu.~t be based on the provisions of this policy, No provision or condition of this polity can be waived or changed except by writing endorsed hereon or attached hereto signt:'d by rhe President, ..1 Vice President, tlte Secretary, an Assistant Secretary or other \'a]idating officer of the Company. 11. NOTICES, WHERE SENT All notices required to be given rhe Com. pany and any statement in writing requirl:d to be furnished the Company shall be ad- dressed to it at the office which issued this policy or to its Horne Office, 433 South Spring Streer, 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 FOUNDED ON '893 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