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CERTIFICATE OF ACCEPTANCE
~ ~ 0402 4 ~ G 814
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 11, 1968 , from or executed
by Evelyn Malkin , 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 0 icers.
.,
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{City Manage
document thus described
fZd;/1 ~
City Engineer
The
is hereby
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City Attor
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CITY OF ARCADIA
574
DII U4UL4 i'Li d /j 10 d-., -
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AND WHEN RECORDED MAIL TO
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY. CALIF.
FOR TITLE INSURANCE & TRUST co.
JUN 7 1968 AT 8 A.M.
RAY E. LEE, County Recorder
I
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Nome
City Clerk
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P.O. Box 60
1
Arcadia, Calif.
I 6781157 ANL H8
II
City of Arcadia
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Addran
City &
Slole
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SPACE ABOVE THIS LINE FOR RECORDER'S USE
MAIL TAX STATEMENTS TO
City &
StataL
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I FREE RECORDING REQUESTED, ESSENTIAL TO
ACQUISITION BY CITY OF ARCADIA, SEE 6103
Gov. Code. $3.30
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'y. ,~s
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PUBLIC AGENCY NO TAX STATEMENT
Nome
SIn."
Addren
Grant Deed
AFFIX LRS $ -3.30"..,.. ................ AnoVE
I
TO 405 C (4.67)
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
--'--'"
I
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
I
~ EVELYN MALKIN
hJebY GRANT(5:) 10 the CITY OF ARCADIA, a Municipal Corporation,
iJ fee for public street and road purposes, to become a part of and to be known as
BAldwin Avenue, in, on, upon and across
Ihl following described real property in the City of Arcadia,
Cohnty of Los Angeles , State of Californi~:
That Iportion of Lot 61 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 Reco~der of said County, included within the following described lines:
Begirining at the intersection of the easterly line of the. westerly 20.5 feet of Lot 62 of
said Itract ~ith 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 ibeginning 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
east~rly line a distance of 177.5 feet; thence northerly in a direct line to the point of
intetsection of the easterly line of the westerly 17.00 feet of Lot 59 of said tract with
a lirie drawn at right angles through a point in the northerly prolongation of the easterly
line lof said westerly 20.5 feet of said Lot 62 and distant northe~ly along said line and
prolongation 300.00 feet from the northerly terminus of said curve; thence northerly along
the ~asterly line of said westerly 17.00 feet of said Lot 59 to the northerly line of said
Lot 5:9, thence westerly along said northerly line of said Lot 59 to the westerly line of
said ~ot 59; thence southerly along the westerly line of Lots 59, 60, 61 and 62 to the
I
southwest corner of said Lot 62; thence easterly along the southerly line of said Lot 62
the p'rolongation 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.
I F R E E d- t'.. 1-------
"
}ss.
JWI1<N.!'iMi'~iIiY~
JItu~
Evelyn Malkin
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Dated
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to be the pt:rson~whose nameS are
instrument and acknowledged that they
, known to me
subscribed to the within
executed the' same.
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OFFICIAL Sb:i\L
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On bdore me, the under-
signed, a olary Public in and for said Slate. personally appeared
Vl1 H . Ha11..:- "'ad Evelvn Malkin
/
,
tV
GRANT DEED
GRANT DEED'
Title Insurance
and
Trust Company
Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SERVICE
WITH ON E LOCAL CALL.
COMPLETE STATEWIDE TtTLE SERVICE
OJ WITH ONE LOCAL. CALL
I
.- ..' ..
- \~
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MARK H. BLOODGOOD
AUDITOR.caNTRaI..I..ER
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
153 HALL OF ADMINISTRATION
LOS ANGELES. CALIFORNIA 90012
625-3611
March 19, 1969
City of Arcadia
240 West Huntington Drive
Arcadia, California 91006
Attention: Robert D. Ogle
City Attorney
Re : Baldwin Avenue
Parcel No. 102
Gentlemen:
Pursuant to your letter daten June 24, 1968,
taxes have been cancelled in acc.,.rdance with Section
4986 ~f the Revenue and Taxati~n C0de. This cancel-
lation was ordered by the Honorable Board ~f Super-
visors Oct. 29, 1968 by Auth...rizatim No. 06322.
Very truly y<urs,
HARK H. BLOODGOOD, Auditor-Contr011er
'5f~ '/J
(/ '_, j:-"--Z'--<_L_~_/t_L._L~
~J J. R. Passarella, Chief
Tax Division
JRP/EMP/ejn
RECEIVED
MAR 2 5 1969
CITY OF ARCADIJ.\
. CITY ~TTORNEY
ROBERT A, GILL
CHIEF DEPUTY
J. R. PASSARELLA, CHIEF.
TAX DIVISION
.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
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. 102
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.
1-
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
446.7111
447.2121
446.2128
~~
TO 1012-1 Fe (10-67)
ColHornio land Tille Association
Standard Coveroge Polley Form
Copyright 1963
lS93
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 parties named as Insured in Schedule A, the heirs, devisees, personal
representatives 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, 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 Stipulatiuns; or
2. Unmarketability of such title; or
3. Any defect in the execution of any mongage shown in Schedule B securing an indebtedness, the
owner of which is named as an Insured in Schedule A. but only insofar as such defect affects the
lien or charge of said mortgage upon the estate or interest referred to in this poiicy; or
.t. 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 mortgage
being shown in Schedule B in the order of its priority;
all sub)" ect, however,~Th'th-e"'\:p)~~iSions of Schedules A, Band C and to the Conditions and Stipulations
_- r" "\\
heretl) annex~<t::;>- ~C<- AND i~" \\1
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j:f ~ oo~ Qo.....{I~'C1lE.'!}~.... t~ne.ss(..w(flereo, Title Insurance and Trust Company has caused its
'A ..... 0 ~ . I '-.. '" 0 -" h, I b h ff" b . d I h' d ff'
:t ,.. 0" ~... c~fp'-orate;name.anu sea to e ereunto a lxeU y Its u y aut oflze 0 lCers
11 .... o(......--f~ ~?""7-/ \~'.. ,y.~, 0 .-n. ,.~
~ -' 0,-----",- :::,.;~~._.,.jj o.n:the'da~e\shownl1n ScheduleA. .
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Title Insurance and Trust Company
by
~~~~NT
Allest GLu 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, 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) "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 the in-
debtedness secured by a mortgage shown in
Schedule B is named <1S' an Insured in
Schedule A, the Insured shall include (I)
each successor in interest jn "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 i.ndebtedness, and (3) any federal
agency or instrumemality which is an in-
surer or guarantor under an insurance con-
tract or guaranty insuring or guaranteeing
said indebtedness, or any paft 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 satisfaccion
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 feasons of the following:
(a) Any law, ordinance or governmental
regulation (including but not limited to
building and zoning ordinances) restricting
or regulating or prohibiting the occupancy,
use or enjoyment of the land, or regulating
the character, dimensions, or location of
any improvement now or hereafrer erected
on said land, or prohibiting a separation in
ownership or a reduction in the dimensions
or area of any loe 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
rerords at the date hereof.
(c) Tide to any property beyond the
lines of the land expressly described in
Schedule C, or title to screets, roads, ave.
nues, lanes, ways or waterways on which
such land abuts, or the right to mainrain
therein vaults, tunnels, ramp~ or any other
structure or improvement; Of any rights or
easements therein unless this policy specific-
al1y provides that such property. rights or
easements are insured, except that if the
land abuts upon ooe or more physically
open streets or highways this policy insures
the ordinary rights of abuning owners fot
access to one of such streetS or highways,
unless otherwise excepted Of excluded
herein.
(d) Defects, liens, encumbrances, adverse
claims against the title as insured or other
matrers (1) created, suffered, assumed or
agreed to by the Insured claiming loss or
damage; or (2) known (0 the Insured
Claimant either at the date of rhis policy
or at the date such Insured Claimant ac-
quired an esrate or interest insured by this
policy and not shown by rhe public records,
unless disclosure thereof in writing by the
Insured shall have been made to rhe Com-
pany prior to the date of this policy; or (?>)
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
pUfchaser 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 acrions 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 s<lid
land; or (2) for such action as may be
appropriate to establish the title of the
esrate or interest or the lien of the mort-
gage as insured, which litiA<ltion 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 esrate 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 rhe in-
debtedness secured by a mongage coyered
by this policy, or, if an Insured in good
faith leases or contracrs to sell, lease or
mortgage the same, or if the successful
bidder at a foreclosure sale under a mort-
gage covered by this policy ccfuses to puc-
chase and in any such event the tide to
said estate or interest is rejected as un-
marketable, the Insured shall notify rhe
Company thereof in writing. If such notice
shall not be given to the Company within
ten days of the receipt of pmcess or plead-
ings or if the Insured shal1 oot, in writing,
promptly notify the Company of any de-
fect. lien or encumbrance insured against
which shall come to the knowledge of rhe
Insured. or if rhe Insured shall nOt, in
writing. promptly notify the Company of
any such rejection by reason of claimed un-
marketability of tide, then all liability of
the Compilny in regard to rhe subject matter
of such acrion. proceeding or marter shal I
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 Other
act which in its opinion may be necessary
or desirable to establish the tide of the
estate or interest or the lien of the mort-
gage as insured; and the Company may
take any appropriate acrion under the terms
of this policy whether or not it shall he
liable thereundef 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 proceedin~, 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, ar it.~
option, the name of the Insured for such
purp,>se. Whenever requested by the Com-
pany the Insurer! shall give the Company
all reasonable aiJ 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 fOf 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
sixry 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 shaH be had by the Insured
under this policy unless action shaH be
commenced thereon within five years after
expiration of said thiny day period. Failurt'
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 oc 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 this
policy by the owner of the indebtednt'.~s
secured by a mortgage covefed by 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 Cancluded on Last Page of This Policy)
TO J012-1 "B C
CalifornIa land Tltls Association
S'andard CowralifS Policy 1963
SCHEDULE A
Premium $
Amount $
2,000,00
Effective
Date June 7 , 1968 at 8 a,m,
Policy No. 6781157
INSURED
CITY OF ARCADIA'; a Municipal Corporation
1. Title to the estate or interest covered by this policy at the date hereof is vested in:
CITY OF ARCADIA, a Municipal Corporation'~
2, The estate or interest m the land described or referred to m 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 are not shown by the public records but which cauld 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 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.
DO
TO 1012-1B ConI. 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 Mortgage or ,deed of trust made in good
faith and for value. .
3. An action in
Commenced
Entitled
the Superior Court
March 22, 1968
City of Arcadia, a municipal corporation vs.
Elizabeth Rowse Wilson, et al.
929015
use of public right of way
Condemn the fee simple title
Case No.
Nature of Action
Affects
Notice of the
Reqorded
pendency of said action was
: March 22, 1968 in book M-2807 page
805, Official Records
4. A recital in the deed from Evelyn Malkin to City of Arca-
dia, a municipal corporation, recorded June 7, 1968 as that
said land is for public street and road.purposes, to become a part
of and to be known as Baldwin Avenue.
TO 1012-1-10S6.1C C
American land Title Association loan Polity
Additional Coverage-1962
0'
California land Title Association
Slondard Coverage Poficy-1963
SCHEDULE C
The land referred to jn thjs poHcy'js shuated ill the county of Los Angeles, state of CaHfornia,
and js described as follows:
That portion of Lot 61 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, inc'luded within the following described
lines:
Beginning at the rnte~section 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 easterly along said n
northerly line to the beginning of a tangent curve, concave ~'
northeasterly having a radius of 15.00 feet, said curve being ta!y ,.1
gent northerly to said easterly line, said beginning of tangent '1","')','
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
prolongation of the' easterly line of said westerly 20.5 feet of
said Lot 62 and distant northerly along said line and prolonga-
tion 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 Lot 59,
60,61, and 62 to the southwest corner of said lot 62; thence east-
erly 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 radia 1 line to
the true point of. beginning.
Title acquired by deed from Evelyn Malkin, recorded June 7, 1968.
.
TO.23~~' .
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I fFL.O,eENCE
.RVE.
66
~ ~ WOOO,eUFF Na5ss;"..E. .fiVE.
/6a-l6 100 75 7$ 75 75 75 7$ 75
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0) 75 7$
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TRACT NQ
1.1.8.126
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)
the full amount of this policy, togt:ther
\\' ith all cOStS, attorneys' fees and expenses
which the Company is obligated hereunder
In pay, shall terminate all liability of the
Company hereunder. In the event, after
notice of claim has been given to the Com-
pany by the Insured, the Company offers
to purchase said indebtedness, the owner of
such inuebtedness shall transfer and assign
said indebtedness and the mortgage 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 COSIS and
attorneys' fees which the Company may be
obligated hereunder to pay.
(b) ihe Company will pay, in addition
to any loss insured against by this policy,
all COSts impos'ed upon the Insured in I iti-
gation carried on by the Company for the
J nsured, 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
he maintainable under this policy (1) if
the Company, after having received notice
of an alleged defect, lien or encumbrance
not excepted or excluded herein removes
such dt'fect, lien 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 nO[ excepted or exduded in
this policy, umil there has been a final
determination by a coun: of (ompetent juris.
diction sustaining such rejection.
(d) AU payments under this policy. ex-
cept payments made for COSts, atrorneys'
fees and expenses, shaH 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, if the owner of
an indebtedness secured by a mortgage
shown in Schedule B is an Insured herein
thcn such payments shall not reduce pro
tanto the amount of the insumnce afforded
hereunder as to such Insured, cxcept to the
extent (hat such payments reduce the amount
of (he indebtedness secured by such mort,
gap,e, 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.
(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. L1A81L1TY NONCUMULATIVE
It is expressly understood that the
amoum of this policy is reduced by any
amoum 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 mortgage here,
after executed by the Insured which is a
charge or lien on the estate or interest
described or referred to in Schedule A, and
the amount so paid shall be deemed a pay-
ment to the Insured under this policy. The
provisions of this paragraph numbered 8
shal1 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 OR
SEnlEMENT
Wh<-never the Cnmpany shall have settled
a claim under this policy, all right of sub-
rogation shall vest in the Company un-
a{(ected by any act of the Insured, and it
shall be subrogated to and be entitled to
all rights and remedies which the Insured
would have had against any person or prop-
erty in respect to such claim had this policy
not been issued. If the payment does not
cover the loss of the Insured, the Company
shall be subrogated to such rights and
remedies in the proportion which said pay-
ment bears to the amoum of said loss, If
loss should result fCllm an)' act of the In~
sllred, such act shaff not void 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 necessary in
ordEr to p(:rfecr such right of subrogation,
and shall permit the Company ({) use the
name of the Insured in any transaction or
litigation involving such rights or remedies.
If the Insured is the owner of the in-
debtedness secured by a mnrtgage covered
by this policy, such Insured may release or
substitute the personal liability of any
dehtor 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 re/ease any col-
lateral security for the indebtedness, pro-
vided such act does not resuh in any loss
of priority of the lien of the mongage.
10. POLICY ENTIRE CONTRACT
Any action or actions or rights of action
that the Insured may have or lllay bring
against the Company arising out of the
status of the lien of the mongage covered
by this policy or the (ide of the estate or
interest insured herein must be hased on
the provisions of this policy.
No provision or condition of this policy
(;In be waived or changed except by writing
endorsed hereon or attached hereto signed
by the President, a Vice President, tht.
Secretary. an Assistant Secretary or other
validating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be givw the Com.
pany and any statement in writing: required
to be furnished the Com puny 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
FOUNDED IN '8"'3
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
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