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Home My WebLink AboutD-1638 . , 'r I\. " CERTIFICATE OF ACCEPTANCE ~ ~ 03981 r ~ 394 .\ 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 12. 1968 , from or executed by William Veit and Helene Veit , 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, 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. 7-~.( ity Manag The document thus described is hereby l\.':l CJl ~ ~~~ City Engineer approved as to form. -~~ -. -- City A y , -~~. . CITY OF ARCADIA ~VV RECOrtuED !N O?fICIA.c-P.85QRD~. OF LOS ANGELES caur'ln. CALIF. FOR TITLE INSURANCE f" TRUST CO. /)-/t 3t? AND WHEN RECORDED MAIL TO I Nome City Clerk Streol P.O. Box 60 Addrllll C;ly & Arcadia, Calif. Stole L I APR 25 1968 AT 8 A.M. RAY E, LEE, Count)' Recordec .-J r ;':n, :;IJ F] SPACE ABOVE THIS LINE FOR RECORDEh.:.~~ - I Name City of Arcadia I MAil TAX STATEMENTS TO Str..t ~ldreu 'c:,y & StoteL ~ Grant Deed JJi3 AFFIX Hr.S. $h t./-O tj~h ......... ABOVE TO 405 C (4_67) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby WILLIAM VEIT and HELENE VEIT FREE RECORDING REQUESTE acknowledged, ESSENTIAL TO ACQUISITIO The City of Arcadia S over men 0 e BY hereby GRANT(j{) to 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 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 62 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 said Lot 62 with the northerly line of the southerly 17.00 feet of said Lot 62; thence easterly 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 begin- ning of tangent curve being the true point of beginning of this description; thence north- westerly 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 Lot 59 of said tract with a line drawn at right angles through 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 and prolongation 300.0 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 pro- longation 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 EXCEPT therefrom the souther1y.5 feet of said Lot 62. Jl:lIS NECESSARY. IN C1:iA~ Qf iIllLE ~ I >- > Cl " ..._ c t:~' !-. '- 1L; l.:.. " u z: o >: Q. '" Dated c~ /0(, / 7' t, y-- /~~d/- ~ ..h iamVeit/ . /M /_ r/: j5- Helene Veit ,) " }ss On before me. the under- signed, a otary Public in and for said State. personally appeared William Veit and Helen", V",it to he the persOl~~whose name S are instrument and !lcknowledgcd that they WITNESS my hand and official seal. . known to me subscribed to the within executed the same. /) I:~"~ go en - -.. ~I .. . . ..~ ,.,..,..~~~..,.~ OFFICiAL.. SEAL 1~ FLORENCE E. NEERSARD ~ NOTARY PUBLIC - CALlFOR!~lA R -. GRANT DEED CRANT DEED Title Insurance and Trust Company Title Insurance and 'Trust Company COMPLETE STATEWIOE TITL.E SERVICE WITH ONE LOCAL CALL COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL .- .,. .- ~ ..' . COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION L.OS ANGELES, CALIFORNIA 90012 ROBERT A. GILL CHIEF DEPUTY J. R. PASSAREL~. CHIEF. TAX DIVISION 625-3611 MARK H. BLOODGOOD AUDITOR.CONTROLLER March 19, 1969 RECEiVED MAR 25.1969 City of Arcadia 240 West Huntington Drive Arcadia, California 91006 Attention: Robert D. Ogle City Attorney .CITY OF ARCAD,/-\ .CITY. A.TTORNSY Re: Baldwin Avenue Parcel No. 101 Gentlemen: Pursuant to your letter dated May 9, 1968, taxes have been cancelled in acc~rdance with Section 4986 C'f the Revenue and TaxatiC'n C:)de. This cancel- lation was ordered by the Honorable Board ~f Super- visors Oct. 29, 1968 by Auth'lrization No. 06321. Very truly y~urs, ~ BLOODGOOD, Auditor-Contr011er ErJ J. R. Passarella, Chief Tax Division JRP!EMP!ejd CITY CUUNCIL DON W. HAGE MAYOR City of Arcadia C. ROBERT ARTH MAYOR PRO TEM EDWARD L. BUTTERWORTH ROBERT J. CONSIDINE JAMES R. HELMS. JR. -I 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H. COZAD CITV MANAGER CHRISTINE VAN MAANEN CITV 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. 101 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 Ene. ~ MAILING ADDRE~SES CITY HALL P. O. BOX eo 91006 LIBRARY 20 W, DUARTE ROAD 91006 POLICE DEPARTMENT P. 0, BOX 60 91006 FIRE DEPARTMENT 7105. SANTA ANITA AVE. 91006 TELEPHONES 446-4471 . 681-0276 446.7111 447-2121 446-2128 TO 1012-1 F C Califarnia land Title Association Standard Coverage Polley 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 ate shown in Schedule A, h~reby insures the parties named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, 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 eSlate 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. Unma.rketability of such title; or 3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the ownef of which is named as an lnsured 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 policy; or .1. Priority over said mortgage, at the dare 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:'t~ill}..'~~'Visions of Schedules A, Band C and to the Conditions and Stipulations hereto annex..cl~;CE AND 'Rl,.'\\\, .::- ~~ 00000000 0'>. II - ,~. oo..~ IS PROooo / II ,::;' ":Iv oo,?.o'l'" .,.. <'\ A . ;; ~ oo~ ZJ..(l"f.%~;Un'Jf1iJn!ss,o<\~hereof, Title Insurance and Trust Company has caused its ;i1I! ...... 0 ~ ~<J- "'"-" {I. ..0(\ 0 ~ IJ d . d .. ;i! I.. I) J..,;, >} coq:!.oratel name and seal to be hereunto afflxe by Its uly authonzed officers % ... 0 ,..~.." ("" ''-d~ 0 .... '/ d ~ ..../ o~ '= DriTtne. ate.shown,.in Sche uIe A. ~ !:: ~~"-- ~ ~~ ~ ~ ~ '""'" 0 >~t~-T ~1~" __g ""'(' ~ ~ "0' 'ff"j:j',"jPrj.e;, j~'Ji! 0 ~ (J .{t -"~\\"""~ . Go .... ~ 'I. 007", ":;'~," _ , ..' <:>\0 ... j:: " <o~. ...... ~~o,. :: II 0 oo~"A TE IS Guooo ,,'.:: III 0' '" 00000000 cty.Y ..::- 1\" NGELES, ..:;::---=- \\\\\'\.,'~~- Title Insurance and Trust Company by ~~ r:SIDENT Attest CJLu lif-~ SECRETARY 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, inHSchedu]e C and improvements affixed thereto which by" law constitute rea] property; (b) "pub]ic records": those records which impart constructive notice of matters relating to said land; (c) "knowledge": actual knowledge, not constructive knowledge or notice which may be imputed to the Insured by reason of any public records; (d) "date": the effective date; (e) "mortgage": mortgage, deed of trust, trust deed, or other security instrument; and (f) "insured"; the party or parties named as Insured. and if the owner of rhe 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 jnterest 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 instrumcnrality 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 jnsured 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 jnsuring 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 n.'gulation (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 ]and, or prohibiting a separation in ownership or a reduction in the dimensions (Jr area of any JOt or parcel of land. (b) Governmental rights of police power or eminent domain unless notice of the l..'xercise of such rights appears in the public records 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 maintain therein vaults, tunnels. ramps or any other structure or improvement; 01' any rights or easements therein unless this policy specific- ally provides that such property, right's or easements arc insured. except that if the land abuts upon one or lllore.I'hysically open streets or highways this policy insures the ordinary rights of abuttill~ 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 (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 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 subsequelll 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, cestraining orders, oc 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 mcumbrance 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 10 case knowledge shall come to the In- sured of any claim of title or interest which i5 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 liab]e by virtue of this policy, or if the Insured shall in good faith contract to sell the in- debtedness secured by a murtgage co,'ered 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 p]ead- 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 title. then all liability of the Company in regard 10 the subject matter of such action, proceeding or matter shall cease and terminate; provided. however, that failure to norify shall in no case prejudice the claim of any Insured unless the Company shall be actu;llly prejudiced by such failure and then on]y t(l the extent of such prejudice. (c) The Company shall have the right at its own COSt to institute and prosccute any action or proceeding or do any mher act which in its opinion may be necessary or desirable to establish the title of the estate or interest or the lierl of the mort- gage as insured; and the Company may take any appropriate anion under the terms of this policy whether or riot it shall he liable thereunder and shaH nut therehy 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 [() it the right to so prosecute or provid<:: de- fense in such action or proceeding, and all appeals therein. and permit it to use, at its option, the name of rhe Insured for such purpose. Whenever requested by the Com- pany the Insured shal] give the Company all reasonable aid in any such action or proceeding. in effecting settl~mem, secllring 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 d:J.Ys after such statement shall have been furnished, and no recovery sha]] be had by the I nsu rcd under this policy unless action shall be commenced thereon within five years after expiration of said thirty dar period, Failure to furnish such statement 0 loss or damage, or to commence such action within the time hereinhefore specified, ,hall 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 settle or compromise for or in the name of the Insured any claim insured against or to pay the full jllloum of this policy, or, in case loss is claimed under this policy by the owner of the indebtedn(..~s 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 payment of (Conditions and Stipulotions Continued and Concluded on Last Page of This Policy) mc TO 1012.1 AB C California land Title Auoclation St'Jndard Coveroglit Policy-1963 SCHEDULE A Premium $ ~ ~ .!!.E Amount $ 2, 000 . 00 Effective Date April 25, 1968 at , NSUHED 8:00 a.m. .Policy No, 6781156 CITY OF ARCADIA, a munkipal corporation. 1. Title to the estate or interest covered by this policy at the date hereof is vested m: CITY OF ARCADIA, a municipal corporation. 2. The estate or interest in the land described or referred. to in Schedule C covered by this policy is a fee. SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or aSSessments on real' property or by the public records. 2, Any facts, rights, interests, or claims which arc not sh~wn 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, claiIns 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 survey would disclose, and which are not shown by the public records, 5, Unpfltented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights., claims or title to water. TO 1012-18 Cant. C California land Title AssociatIon 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. 2. Covenants, conditions and restrictions in the deed Executed by Arcadia Investment and Development Company Recorded prior to February 15, 1950 in book 11611 page 99, Official Records Which provide that a violation thereof shall not defeat or render invalid the lien of any mo~tgage or deed of t.rust made in good faith and for value. 3. An action in the Commenced, Entitled Case No. Nature of Action Affects Superior Court March 22, 1968 City of Arcadia, a municipal corporation, vs. Elizabeth Rowse Wilson, et al. 929015, Los Angeles County public right of way par.cel No. 101 I Notice of the pendency of. said action was Recorded March 22, 1968 in book M 2807 page 805, Official Records, as instrument No. 3066. . 4. . The following provlslon of the deed from William Veit and Helene Veit to City of Arcadia, a municipal corporation, -recordedfApril 25, 1968: "Grants to 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 Baldwin Avenue," . TO JOI2-1-1056-1C C American Land Title Assoclotlon Loon Policy Additional Coverage-1962 0' California Land Title A3sociatlon Standard Coverage Policy-I963 SCHEDULE C The land referred to in this policy is situated in the county of Los Angeles, state of Califomia, and is described as follows: That portion of lot 62 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 said lot 62 with the northerly line of the southerly 17.00 feet of said lot 62; thence easterly 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 lot 59 of said tract with a line drawn at right angles through a point in the northerly prolonga- tion of the easterly 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 Ibt 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. EXCEPT therefrom the southerly 5 feet of said lot 62. . J ~ ~ ~ IJ~'~t:CE WOOD~UFF N8.1'S,;".1E RVE. ..... /60,-16 11 100 l\I 75 75 75 75 75 7$ 7$ 75 \rl 50 " I . ~I iii 55 · , . '!i ~-- n --- _____ I ~ : I1j /46 i,..,~/0.7~ II! '::- ~ ji -1('" W . _ -- I "Ii \ <"'+'6 <'t',' ;\~~ c'l,: :is, ~ 'f7fi; ,~8? ,9 10 1/, ~ ~ ;;:i;ii'5 W~~ ::--' - --- ~ ~[{; ::?~. ~! ' ~ -.......-.-"-t. r' ./'" 7S 75..... ~c., ~,~~o, ~ 50 ~ ~t31.5".,. ~ "',SO SO ~'!i "--- ""//J' 7~ ~ " VI" 2/ . 'Ii, ''Ii "'~)" itS: "'\~ .. '!i I I '""'/(7)" ;' '/7.07 "l(J&l:I~ 19 18 17 1& IS 14 Ii" ;:1-a'f:1 i ~t'S~.!M i'2 ~~ ~ I I ''\~9: \, ..l~... ~ ,Kl52 " '\ /" \ r' ...,.......c-€/,;,...of4 JI6.i.., 75 75 75 ~!50 solm 75 75 7$ ~ ~ "- ...........- ZDZ.6f./V ~ Ii/OIeKmRN ~ aVE I }./j7 .. "'"j .<'66.41\ 875 875 875 t/75 \,875 "175 7 ~ 44 '-~ /' ' '-- iii r,> .<'5401 ] [~__] ~ 45 '" '{47 48 49 50 51 5C'~ / \ ~. " ?41.60 '5 'Ii 'Ii I A:;' I \\S~.~~ ~ ~ 46 ~ 875 / ~ ~I ~# '3i i?.?9..?O &7.5 87.5 875 .97S. .'t7.5_.~/ <<@ ~ ~ SS IIJ fIJ ~ ~ G, ~ /~ ~~ j:J 1> ~ ~ ,Y6.80 tl;)~ Itl ~ ~ ~~~-)";;V/~~ <(~~ 'll:'~ :!; ~ ~ ~~'ll ~i"/ ~~ '</,1.1;"1<<" "f"'~O:is _.; "'~ ." 53 ~ .~. ."'0.<"40, -_.'_ --:: <::'56< \'55) -54 --:...:. 'P,f!JJ.16i"" "~~( n51r~;>'\ ~7 '.--.., ~ d LQ],!l ~ ~ /."4~_ -- '" " ~ -' ~ .:i8.5?l ~/ ii'fZ;"-! ~~/7.7..;o 'F.3.: 'f - .?GO.O!J I I I I , , I 'l\ " " " " '" " 1:: 'Ii " '" " " " ko4 ..?~7.69 lit 2..?5.28 I 4C' ::O/.?88 kt3 I c!YJO..4$ ~ , '" ~ \ \ \ . ; ~ '\ \ % <> .. 'FuNRS ! I ,?~IVE\ ~ \ ; 75..,,,, 75 75 'IS " I I \ I ~cS E6 i>7 ~ \ I ~ t~ I ~ ; ~40 ~ I 75 7$ iii '\\\ \ 3C~Q'<i \1 ~. 'r ~ ~ ~ ~~ t '" I 'j . 31 75 ~ ) 75,,~ 7$ " 71' 75 30 I c8 C'9 31 I I 3534 I 75"1 7S 39 38 37 36 I I-J " r 75 75 ;5 1;$ % ~ 6E '.it 55\; '<'1/1-1-.9 - ~ LIVE ~~ -<< ,..,~.;:. , oJ ~ ,i.i~.:- - ,'?t:i:" ,.,o.,.r-" 8 ;: 0111< ~' ,'j()D59'IS"P'Y' "- ~ . ~ --..-= ~ JlVE.~" -I TRACT NQ AI. B. 126 @ 664/ - PS. 67 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) (he full amOunt of this policy, together with all costs, attorneys' fees and expenses which the Company is obligated hereunder ((l pay, shall terminate aU liability of the- Company hereunder. In the event, after notice of c1ail1l has been given to the Com- pany by the lnsured, the Company offers to purchase s:lid indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortg,lI;e securin~ the same to the Company upon payment of the purchase r>rice. 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 atrorneys' fees which the Company may be obligated hert;under to pay, . (b) The Company will pay, in addition to any loss insured against by this policy. ~dl COStS imptlsed 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 rhe written authorization of the Company, (c) No claim for damages shall arise or be maintainable under this policy (I) if ,he 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 rea,sonable til1le after receipt of such notic(', or (2) for liability voluntarily assumed by the Insured in settling any claim or suit without writren consent of the Company, or (3) in tht: event the tide 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 exp~nses, shall reduc<.' die amount of the insurance pro tanto and no payment shall ~e made without producing this policy for endorsement of .such payment unless the policy h(; lost or destroyed, in which case proof of such loss or destcuction shall be furnished to the satisfaction of the Com- pan)'; provided, however. if Ihe 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 amouot 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, except as pro- vided in paragraph 2 hereof. (l') When liability has been definitely fixed in accordance with the conditions of this policy the loss or damage shall he 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 herc- 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 the Insured under this policy. The provisions of this paragraph numbered R shall not apply to an lnsured 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 OR SETTLEMENT Whenever the Company shall have settled .1 cbim unJt'f this policy, a]J 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 rhe Insured would have had against aoy 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 lIny act of the In- sured, such act shall not void this policy, but the Company. in that event. shall be required to pay only tbat part of any losses insured against hereunder which shall ex- ceed the amount, if .1Oy, lost to the Com- pany by reason (If the impairment of the right of subrogation, The Insured, if re- quested by the Company, shall tmnsft'r to the Company all rights and remedies against any person or property necessary in ordt:f to pt;rfect such right of subrogation, and shall permit the Company to use the name of the Insured in any tfansanion 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 rhe estate or interest from the lien of the mortgage, or release any co]- lateral security for the indebtedness, pro- vided such act does not result in any loss of prioriry of the lien of the morrgage. 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 status of the lien of the mortgage covered by this policy or the title of the eswte or interest insured herein musr be based on the provisions of this policy. No provision or condition of this policy can be waived or changed except by writing endocseJ hereon or attllched hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other n]idating offict'r of the Company. ,,_ NOTICES, WHERE SENT All notices required to be giv<:n the Com- pany and any statement in writing: r<:quireJ to be furnished the Company shall b<: ad- dressed to .it at the office which issued this policy or to its Home Office. 433 South Spring Street, Los Ange]<:s 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 "OUNOEO IN lag", 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 Home Olliee 433 South Spring Street Los Angeles 54, California