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HomeMy WebLinkAboutD-1669 -...;:::::::: (" . .i: STATE OF CALIFORNIA .} $S. County of Sacramento 'On Mav 14' '.68 . , 19.---= J. User before me-the u-ndenigned, Q Notary Public in and for said County ~nd Stot~, , known to me to be an Quth~.lzed officer who ex~cuted the Veterans Affairs 'of the Stat~ of C~llfornio th~rein 'na.med; and acknowledged G. personally appeared within instrume~t on behalf of the DepQ~tment of that such department exeeuted the some. (,. :!,. KATHRYN' HAENGGI Nort.R'1 ri.!.!~lC ' CA~!fnRNIA COUNTY OF'S~CRAh\ENrO My__c:~m~issjol1 expire; ~p.r..,~, 1969 1!!!lIlt,l!l(II!'~I!IIIIlIII.lIll!IIIIIII'III1~IM:II"'IIII""''''''III''''L1''''''''''1II11lll1lilli, ~.-~' t~, T -77. Acknowledgement - Authoriud Officer '.41; ~ '~'l~ '. ,r. ',':, .1 " .- ! CERTIFICATE OF ACCEPTANCE ~ K 04024 r G 818 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 May 7, 1968 , from or executed by Hugo W. Velasquez, Elma Isabell Velasquez & Dept. of Vet~~fts 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 authorize officers. . j ~~~4- City Engineer The document thus is hereby approved as to form. ~<.[~. Cit orney Robert D. Ogle <:..r1 (X) ~ " , ,., v v'-'~ D,~ U4-UC:4 ill 0 I ( ,0-/66 ? CITY OF ARCADIA AND WHEN RIECORDED "'AIL TO RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY. CALIF. FOf1 TITLE INSURANCE & TRUST CO. 1968 AT 8 A.M. JUN 7 I City Clerk P.O. Box 60 Arcadia, Calif. 6781172 ANL H8 I Name Street Addrllu RAY E. LEE, County Recorder. City & StoleL .-J SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAX STATEMENTS TO City & Sto'''L ..J I FREE RECORDING ACQUISITION BY .,6103 Gov. Code " "'- PUBLIC AGENCY NO TAX STATEMENT "~. REQUESTED, ESSENTIA L TO CITY OF ARCADIA,SEE I Name ,City of Arcadia JUI'l "lLOS ~<'ANGELE I ..~TY , 1:,;~b"_.~ ~~UME~TARJ'J '~STAMJ.'-:::}~~-"" Slrll.1 Add'lIu Grant Deed AFFIX I.R.S. $,1...65 ...no.. ABOVE' TO 40:5 C (4,67) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, HUGO W. VELASQUEZ,. ELMA ISABELL VELASQUEZ and DEPARTMENT OF VETERANS AFFAIRS OF THE STATE OF CALIFORNIA I FREE J-. t:. I ~~~. ~rebY GRANT(ll:) to the CITY OF ARCADIA, a Municipal Corporation, /N FE&" r eaaem.eBt for public street and road purposes,' to become a part as Baldwin Avenue, in, on, upon and across of and to be known the following described real property in the County of Los Angeles CITY OF_ARCADIA,. , State of California: That portion of Lot 389 of Tract No. 6561, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in Book 72, Pages 34 and .35 of Maps. in the office of the County Recorder of said County described as follows: Beginning at the southeast corner of said lot; thence westerly along the southerly line of said lot to the beginning of a tangent curve, concave northwesterly having a radius of 15.00 feet, said curve being tangent northerly to the westerly line of. the easterly 12.00 feet of said lot; thence northeasterly along said curve to said westerly line; thence northerly along said westerly line to the southerly line of the northerly 50.00 feet of said lot; thence easterly along said last mentioned southerly line to the easterly line of said lot; thence southerly along said easterly line of said lot to the point of beginning. Dated 7~y /7?;;? I Veteran.~ ,,~;.ta~rs, of Californta .he l'\l ~ "il .,..'" ro co z e a; t- f-- L c.:: L.I.: ~ L. !' STATE OF CALIFORNIA } COUNTY OF Til~ ANr:F.T.F.~ 55. On ~" ~ / 9(;? before me, the under- signed, a NoPa"ry P:lblic in and for said State, personally appeared Hugo W. Velasquez, Elma Isabell Vela s quez; &._~ QJ>'li';:':;;',.li .;:VQii.Qli'aR....;:A'jilia'~.]{8. "'." ~ By . known to me to be tbe perso~wbose name "~SUbse.'ibed to Ibe w;Lbin instrument and acknowledged that executed the same, .c~r- .-' .. , " /".';~.>".i,. :,~~-i,::~.:~~, > " " o ;:: c.. [2 U <f) c" <:> r:'.,.....~~. ,,,..,,,, .............,.. "..." '.',. ""'" .."" ,.. """ '" .......-.... : OFFICIAL ~EAl : i ~ ~n~J:'hlT n n~1 ~ ~ ( .. . GRANT "DEED Title Insurance and . Trust Company COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL . .- ..". - -.. .. GRANT o u.J (Xl . u:> :::>:IE 92 _iU u.J ~ 00 ,. .. . ....... ~ u.J a:: Title Insurance and Trust Company '- COMPLETE STATEWiDE TITLE SERVICE WITH ONE LOCAL CALL '<~ ..... .' . . - -- " E o :t: ." " o E ~ o .... - o o...t Cl>Q - . . :~ ": . . '.. i""" MARK H, BLOODGOOD AUDITOR_CONTR01.1.ER 1/-/b6:; COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR,CONTROLLER ROBERT A. GILL CHIEF DEPUTY 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 J R. PASSARELLA, CHIEF, TAX DIVISlaN 625.3611 February 21. 1969 City of Arcadia 240 west Huntington Drive Arcadia, California RECEIVED FEB 27 1969 .CITY. OF AReADI.!} C!TY ATIORN~y' Attention: Robert D. Ogle City Attorney Re: Baldwin Avenue Parcel No. 117 Hugo W. and Elma Isabel Velasquez and Dept. of Veterans Affairs of the State of California - Grantors Gentlemen: Pursuant to your letter dated June 24, 1968, taxes have been cancelled in accordance with Section 4986 of the Revenue and Taxation Code. This cancel- lation Honorable Board of Super- by Authorization No. 06318. visors was ordered by the October 29, 1968 Very truly yours, J~. BLOODGOOD, Auditor-Controller By J. R. Passarella, Chief Tax Division JRP/EHP/tc '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. -I 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. 117 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 ADDRESSES CITY HALL P. O. BOX 60 91006 LIBRARY 20 W. DUARTE ROAD 91006 POLICE DEPARTMENT P. O. BOX 60 91008 FIRE DEPARTMENT 710 S, SANTA ANITA AVE. 91006 TELEPHONES 446.4471 . 681.0276 446.711' 447_2121 446.2128 TO 1012-1 Fe (10-67) Californio land Title Association Standord Coverage Policy Form Copyright 1963 1893 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 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 srated 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. Unmarketability of such title; or j, Any defect in [he 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 ch;lrge of said niortgage upon [he estate or interest referred to in this poiicy; or ..-1. Priority m'er said mortgage, at the date hereof, of any lieR or encumbrance not shown or referred to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said m'ortgage being sho""n in Schedule B in the order of its priority; all subject, howev:~~'t(;'1~")~~~lsil?r~ of Schedules A, Band C and to the Conditions and Stipulations' hereto annex,&~ ~CE. AND rl/I. \'\l~ ~~ ,,\>, 0000000 V-$ IiI ff ~ ~ooo~t. ~Sb ~RO~~?o.r /) ~~~: . . .::r ~ oO~.;~Q>.q.{>';~l!14l.flIJ1~ss(!PifereofJ Title Insurance and Trust Company has caused Its !f '" oo;!' *1} ~corn5rat~8am.e~a6~d seal to be hereunto affixed by its duly authorized officers #1 k.1 Or-J~ <zr: t'~h' 'cd'" ch -:'\ f.l d ~ -J OJ ~ ~_-i' on,t e a~s ownlln Sche ule A. ~ ~ g~;': 4~'~~::;~{;~-'<o . g ~ ~ ~ \- 0 ~.<~fo~_.J;~~~i\f$~ ~_ g ""( ~ ~ "0 .... ';ii:~<'b"0 ,'r' <J~ ~ ~J -{I 007"" ':~-{f;"IIf}J",,";<:!\o ;} j:: (I, 0 <t. ,., ~~ 0 - 'I <'0 oo~rA TE IS GUooo ~'.E ~I ~ 00000000 'V'-V.;-.;." 1\\\ 4i\.1GELES, V ~-= \\\\\'\"'~~.... Title Insurance and Trust Company by ~~~~NT Attest ~ N-~' . 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 impured 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 as, an Insured in Schedule A, the Insured shall include (1) each successor in interest in ownership of such indebtedness, (2) any such owner who acquires the estate or interest referred to in this policy by foreclosure, trustee's sale, or other legal manner in satisfaction of said indebtedness, and (3) any federal agency or instrumentality which is an in- surer or guarantor under an insurance con- tract or guaranty insuring or guaranteeing said indebtedness, or any part thereof, whether named as an insured herein or not, subject otherwise to the provisions hereof. 2. BENEFITS AFTER ACQUISITION OF TITLE If an insured owner of the indebtedness secured by a mortgage described in Sched- ule B acquires said estate or interest, or any part thereof, by foreclosure, trustee's sale, or other legal manner in satisfaction of said indebtedness, or any part thereof, or if a federal agency or instrumentality acquires said estate or interest, or any part thereof, as a consequence of an insurance contract or guaranty insuring or guarantee- ing the indebtedness secured by a mortgage covered by this policy, or any part thereof, this policy shall continue in force in favor of such Insured, agency or instrumentality, subject to aU 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 fl'gulation (including but not limited to huilding and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions, or location of any improvement now or hereafter erected on said land, or prohibiting a separation in ownership or a reduction in the dimensions or are,l,of any lot or parcel of land. (b) Governmental rights of police power or eminent domain unless notice of the t'xercise of such rights appears in the public re(ords at the date hereof. (c) Title to any property beyond the lines of the land expressly described jn Schedule C, or title to streets, roads, ave. nues, lanes, wars or waterways on which such land abUTS, or the right to maintain therein vaults, tunnels, ramps or any other structure or improvement; or any rights or easements [herein unless this policy specific- ally provides that 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 abutting o\vners fot access to one of slich streeTS or highways. unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against the title as insured or other matters (1) created, suffered, assumed or agreed to by the Insured claiming loss or damage; or (2) known [0 the Insured Claimam either at the date of this policy or at the date such Insured Claimant ac- quired an estate or interest insured by (his policy and not shown by the public records. unless disclosure thereof in writing by the Insured shall have been made to the Com- pany prior to the date of this policy; or (3) resulting in no loss to the Insured Claim- ant; or (4) attaching or created subsequent to the date hereof. (e) Loss or damage which would not have been sustained if the Insured were a purchaser or encumbrancer for value with- out knowledge. 4, DEFENSE AND PROSECUTION OF ACTIONS -NOTICE OF CLAIM TO BE GIVEN BY THE INSURED (a) The Company, at its own cost and without undue delay shaH provide (I) for the defense of the Insured in all litigation consisting of anions 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 resort. (b) In case any such action or proceed- ing shall be begun, or defense interposed, or in case knowledge shall come to the In- sured of any claim of title or interest which is adverse to the title of the estate or in- terest or lien uf the mortgage as insured, or which might cause loss or damage for which the Company shall or may be liable by virtue of this policy, or if the Insured shall in good faith contract to sell the in- debtedness secured by a mongage covered by this policy, or, if an Insured in good faith leases or contracts to sdL lease or mortgage the same, or if the successful bidder at a foreclosure sale under a mort- gage covered by This policy refuses to pur- chase and in any such event the title to said estate or interest is rejected as un- marketable, the Insured shall notify the Company thereof in writing. If such notice shall not be given to the Company within ten days of the receipt of prOCess or plead- ings or if the Insured shall not, in writing, promptly notify the CompJny of any de- fect. lien or encumbrance insured a,gainst which shall come to the knowledge of the Imured, or if the Insured shaH not, in writing. promptly notify the Company of any such rejection by reason of claimed un- marketability of title, then all liability of the Company in regard to 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 shall be actually prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have thc right at its own cost co institute and prosecutc any action or proceeding or do any other act which in its opinion may be necessary or desirahle 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 action under the terms of this policy whethcr or not it shall be liable thereunder and shall not thereby concede liability or waive any provision of this policy. (d) In all cases where this policy per- mits or requires the Company to proseCUTe or provide for the defense of any action or proceedin,g, 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 (he Insured for such purpose. Whenever requested by the Com- pany the Insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlemenc, securing evidence, obtaining witnesses, or prosecu- ting or' defending such action or proceed- ing, and the Company shall reimburse the Insured for any expense so incurred. 5. NOTICE OF LOSS - LIMITATION OF ACTION In addition to the notices required under paragraph 4(b), a statement in writing of any loss or damage for which it is claimed the Company is liable under this policy shaH be furnished to The Company within sixty days after such loss or damage shaH 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 {he Insured under this policy unless action shaH be commenced thereon within five years after expiration of said thirty da( period. Failure to furnish such statement 0 loss or damage, or to commence such action within the time hereinbefore specified, shall be a con. c1usive 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 amounc of this policy, or, in case loss is claimed under this policy by the owner of the indebtedne.~s secured by a mortgage covered hy this policy, the Company shall have the option co purchase said indebtedness; such pur- ch<ise, payment or tender of payment of (Conditions and Stipulations Continued and Concluded on Lost Page of This Policy) TO 1012-1 AB C Collfomla Land Title Association Standard Coverage Pollcy-1963 SCHEDULE A Premium $ 40. 00 Effective Amount $ 2.000.00 Date June 7. 1968 at 8 a. m. Policy No. INSURED CITY OF ARCADIA, a Municipal Corporation. ~~j~bl#330 Parcel No. 17 Tract 6561 South 1/2 of Lot 389 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 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 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 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. ~f} TO I012-1B Cant C California land Title Association Standard Coverage Pol icy-1963 .5 C H E D U LE. B - (Conlinued) PART II 1. General and special county and city taxes for the fiscal year 1968-1969, a lien not yet payable. 2. Covenants, condi'tions of restrictions 'Recorded . and restrictions in the declaration Said covenants, conditions and by reference thereto in a deed Exec.uted By Recorded Prior to February 15, 1950 in book 2679 page 48, Official Records ., restrictions have been incorporated California TrustnCompany Prior td februa:ry 15, '1950 in book 10777' page 60, Official Re,cords 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 the Superior Commenced Entitled Case No. Nature of Action Affects Notice of.the pendency of said Recorded Court . March 22, 1968 ' City of Arcadia, a municipal corporation, vs. ElIzabeth Rowse Wilson; et al. 929015, County of Lo~ Angeles For public use Said land action was March 22, 1968 in book M-2807 page 805, Official Records as Instrument No. 3066 A recital in tt).e deed from Hugo W. Velasquez, Elma Isabell Velasquez and Department of Veterans Affairs of the state of California to City of Arcadia, a Municipal Corporation; recorded June' 7, 1968 within recites that said land is: For public street and road purposes, to become apart of and to be known as Baldwin ,Avenue. TO 1012-J-l0S6-1C C American Land Title Association Loan Policy Additional Coverage-J962 ,. 0' California Lond Title Association Standard Coverage PoJicy-J963 SCHEDULE C The land referred to in this policy is situated in the county of Los Angeles,' state of California and is describ~d as fonow~: _' -'. ' That portion of Lot 389 of Tract No. 6561, in the City County 9f Los Angeles,. State of California, as per.map book 72, pages 34 and 35 of Maps, in the office of the Recorder of said County described as follows: Beginning at the southeast corner of said lot; thence westerly along the southerly line of said lot to the beginning of a tangent curve, concave northwesterly having a radius of 15.00 feet, said curve beingtangerit northerly to the westerly line of the easterly 12.00 feet of I{aid lot; thence northeasterly along said curve to said westerly "line; thence northerly along said westerly line to the southerly lIne of the northerly 50.00 feet of said lot; thence easterly along said last mentioned southerly line to the easterly line' of said' lot; . thence southerly along said easterly iine of said lot to the point of beginning. of Arcadia, recorded in County . J60 65 50 5050 50 50 65 GO 90 A,~__.50 ~ 60 't '" '" " () '" OQ' .l,j~~,,, :ii\r~~ /ifi'iC..-:-- l"j" ~ ':t 't 'l ~ ~ ~ ~~~ ~,;,,~llj i.~;$;.~ ~;?i~ ~~ 1~}>~---l:,~iJ6 r!J:~ ~". 0 74-' '" 'i'''l- 't "l- 't /' ',::: N;\Z'",-,,,,, "1''' '---"";;&,l: " rr-. 65 50 IiO 50 50 ,.-50 t65; ...X.. CJ- "l -;; --........ '9 . r,ry; '" ....... <:.:l 1.30 /30:/ '~'-='~......- ~...;: -.....,,tC.,,On ~ 100 " 445 ...../ ~.t!~;?;; /: 30 /fo 50 '=~. 10/J-k " 20 ~ 446;,4 re 136" ~ 413 ~ ~.. ~ 55 ~ 447~o~~ 0/ 435'~"" 630 ~tI{ ~ lo.i ~ 4;t8~/ 434 ~" /30 60 /30 YfJO/.;p,\" ~ ~ /~!:!J/ 433 ~ ~ 414 40:J ~ ~ ~ 392. '-rz~,!J1 .~+:: ~I 45,6 1432. '.~ ..... II ,,"1:1::' J \ ~ '. I .... /0;4/15--....\, 4I08-~, ~ i.H3 3!JO,c \ 0 : ;;2. I ;i/: ~..4116 "\"'4107 ;? r.~;.;,' ~)I \\.....: ~ '153 I 4' .Z~ " ;:::. I /:'0 I ,"', .b!J4 389 ,> ~ f /90 lt3n:";'-"I.J "<) /30.;;1 )>~ /.90 /$0 I' I ~ I WORIf~AN .... I U .. J RrE. ~ !'\'I I /30 /30 <>"1 /30" /30 ," ,,'1 /30" /fJo i ~ \454 42.8 ~ ~-4r i~ 406 ~ l' ~'l55-~~ 388...1' ~ Ir-l, 4Z7 ,If.+ 405, ~ ' <196 J87 k' / ~\ \~~f ~t -4ZVW1i(..~\~}~~~~ 40~'{C5'~I~.f7\1 38f/;.i ~ "\ ',l \ c ~ c <:> <: / I" ~ ~ ~~~~ 42.5 ~ ~ ~ -4~ i~ 403 ~ -~ ~ 3!!J8 /'~/~ ~ Q '\ <d>J:ic " <: ~ r '$Y / ...a ,,~ 458~~~'\,ftZ.4- -'; \D ~ 4Z1 40Z ~ 0 ~ 399,," ~~84 ~ It: o /30\'~~/3~.' "> ()-. /30 /30 Q::: ./;'.it(::~1-'O Q:) ~ ~ ~<l.fu'---..." ...... " ~ ~ ~~@y~r " 1'1 45!!J ~ 4~~n~~~ 4ZZ ~ 401 ~~4!~I~t~,EY\P;;; 383 ~'5 60"" /30.005' /0n. 005..1S!:s~(j60~ >f!:r:/30;OOL"....... 190..005~" :\~~< ~\;j "<?j90.005....... /90.003 .;/ L 1 J/ E 0 A ~~~~~d~H!ll@Liil~~ firE.;;' ~ 5.130'4'5'40"W I I .... ." ~ " IS> l! ". I . N.8IO/0'E. t C> C> "'~ LAS TUNRS DRIVE C> " " ~ R'4S0 .c<:i'..;r.!J o c ;c> '" '" - TRACT No. 656/ M",I' Book 72, Pages 34 & 35 LOTS 383 To 459 @ 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 Cancluded From Reverse Side of Policy Face) the full amount of this policy, together with all costs, attorneys' fees and expenses which the Company is obligated hereunder [Cl pay. shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given w the Com. pany by the Insured, the Company offers to purchase said indebtedness, the owner of such indebtedness 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 COStS and atwrneys' fees which the Company may be obligated hereunder to pay. (b) The Company wilJ pay, in addition to any loss insured against by this policy, ;lll costs imposed upon thl' Insured in liti. gation carried on by the Company for the Insured. and all COStS and attorneys' fees in litigation carried on by the Insured with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this policy (1) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein remove.~ such defect, lien or encumbrance within a reasonable time after Teceipt 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 tide is rejected as unmarketable because (if 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, shaH reduce the amount of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed. in which case proof of such loss or destruction .~halJ be furnished to the satisfaction of the Com- pany; provided, however. if the owner of an indebtedness secured by a mot[ga.l:e shown in Schedule B is an Insured herein then such payments shall not reduce pf(l tanto the amount of the insurance afforded hereunder as co such Insured, except to the extent that such payments reduce the amount of the indebtedness secured by such. mOt[- gage. Payment in fuJl by any person or voluntary satisfaction or release by the In. sllled 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 OT damage shall be pay. able within thirty days thereafter. 8. LIABILITY NONCUMULATIVE It IS expressly understood that the amount of this policy is reduced by any amount {he Company may pay under any policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage here, after executed by the Insured which is a charge or lien on the estale or interest described or referred to in Schedule A, and the amouO[ so paid shall be deemed a pay- ment to the Insured under this policy. The provisions of this paragraph numbered 8 shall not apply to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unless such Insured acquires tide to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this policy, all right of sub- rogation shall vest in the Company un- affected by any act of the Insured, and it shall be subrogated to and be entitled to all rights and remedies which the Insured would have had against any person or prop- erty in respect co such claim had this policy not been issued. If the payment does not cover the loss of the Insured, the Company shall be subro~ated to such right.~ and remedies in the proportion which said pay- ment bears to the amount of said loss. If loss should result from an}' act of the In. sured. such act shall not void this policy. but the Company, in that event. shall be required to pay only thaI part of any losses insured against hereunder which shall ex- ceed the 'amount. if any. losl lO the Com- pany by reason of the impairment of the right of subrogation. The Insured, if re- quested by the Company, shall trilnsfer to the Company all rights and remedies against any person or property necessary in order to perfeCt 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 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 paymem, or release a portion of the estate or interest from the lien of the mortgage, or release any col- lateral security for the indebtedness. pro- vided such act does nO! result in any loss of priority of the lien of the mortgage. 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 tille of the estate or interest insuwd herein must be based on the provision,~ of this policy. No provision or condition of this policy call be waived or changed except by writing endorsed hereon or attached hereto signed by the President. a Vice President, the Secretary, an Assistant Secretary or other \'alidating officer of the Company, 11. NOTICES, WHERE SENT All notices requireiJ to be given the Com- pany and any stateml'nt in writing required to be furnished the Company shall be ad- dressed to it at the office which issued this policy or to its Home Office, 433 South Spring Street, Los Angeles 54, California. 17. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITlE SEARCH, TITlE EXAI."'iINATION AND TITLE INSURANCE. @ Title Insurance and Trust Company FOUNDED IN ,6,.,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 Spriug Street Los Angeles, California 90054 ......,~~"""""'",....'.. "'~'"-""'.,.,.,,",..--.... _'o.,._~._ ~".~_.,....,,........._.......~.... -'--"-""'''_''''''';''.'e'-'''''''',"'''',~'''''''"~''''''_-,_.-." __....._,~_ ,......,,~