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HomeMy WebLinkAboutD-1671 ~ i 'l .' .< '. .~ " CERTIFICATE OF ACCEPTANCE ~~ D4025rli 239 " 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 10, 1968 , from or executed by Marie Cook and Garnet Cook , 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 authorize officers. N Ot ~. -?/~ ~~ ..., City City Engineer The aocument thus described is hereby '''"O"~:.'~ Cit ", ey ~. CITY 01' ARCADIA ~~l /)- /t 7/ tAL RECORDS RECORDED IN OFFIC UN'TY CALIF, OF LOS ANGELE~;gE & TRUST CO. fOR TITLE INSUR . M 1968 AT 8 A. . JUN 10 f... LEE, CountY. Recorg8[ - AA'( - __A" '.. AND W~EN RECORDED "'AIL TO I Nom" City Clerk Street P.O. Box 60 Addren City & Arcadia, Calif. Stole L I .. .-J SPACE ABOVE THIS LINE FOR RECORDER'S USE M4.IL TAX SU,TEMENTS TO I City of Arcadia I FREE RECORDING REQ.UESTED, ESSENTIAL TO ACQ.U1SITION BY CITY OF ARCADIA, SEE 6103 Gov. Code. City & StateL .J PUBLIC AGENCY NO TAX STATEMENT .tUN .- $1.65 ---~i.~~ ~" ~'lis~~. :'';'lit),m; ~~ ,OOCUMENTAIl"( ~S~A_MP~_I~5"- ' Name Str..t Addrell " Grant Deed AFFIX I.R.S. $..1.65 . .... ...._____ ABOVE Ta 405 C 14_67} THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, MARIE COOK, a Widow and GARNET COOK, a Married Man, as Joint Tenants I FREE 'J.. E I herehy GRANT(i) 10 the CITY OF ARCADIA, a Municipal Corporation, in fee for public street and road purposes, to become a part of and to be known as Baldwin Avenue, in, on, upon and across the followil1g described real property in the Ci ty of Arcadi~.. County of Los Angeles ,State of California: That portion of the south half of Lot 385 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 Recor~er of said County, included within the following described lines: . ' .Beginning at the southeast corner of Lot 383 of said Tract; thence westerly along the southerly line of said Lot 383 to the beginning of a tangent curve, concave north- westerly having a radius of 15.00 feet, said curve being tangent northerly to the west- erly line of the easterly 15.5 feet of said Lot 383; thence northeasterly along said curve to said westerly line; thence northerly along said westerly line a distance of 177.5 feet; thence northerly in a direct line to the point of intersection of the westerly line of the easterly 12.00 feet of Lot 386 of said Tract with a line drawn at right angles through a point in the northerly prolongation of the westerly line of said easterly 15.5 feet of said Lot 383 and distant northerly along said line and prolonga- tion 300.00 feet from the northerly terminus of said curve; thence northerly along the westerly line of said easterly 12.00 feet to the northerly line of said Lot 386; thence easterly along said northerly line to the easterly line of said Lot 386; thence southerly along the easterly line of said Lots 386, 385, 384 and 383 to the point of beginning. ~ >~ ~ z. 0 ...:11.:..1 '- () '.J ~ ;5 z: :) , Dated April 10, 1968 'd;7 d~ (I~,t.-/ ~rie co~ ~L:OO . "- 2 u U) OJ Q , STATE OF CALIFORNIA } COUNTY OF LOS ANGELES 55. On A.pril 10 ~ 1968 before me, the under. signed, a Notary Public in and for said State, personally appeared Marie Cook and Garnet Cook , known to me 10 be the perso~whose name s are subscribed to the within instrument and acknowledged that they executed the samc. ~ '__-.1 _.r.__'._I___l .'''.''''''''''''''..''..'''..'''....';....''''.........': ~'",.."....''''''''''''''''''' OFFIClj:..,.... 5EA_ ~ : ~ ......_.^.....~It- \lAM Mll.ANEN :: " -J .., GRANT DEED Title Insurance and Trust Company COMPLETE STA.TEWIDE TITLE SERVICE WITH ONE LOCAL CALL ~. ,. n ) I GRANT DEED v Title Insurance and. Trust Company ) COMPLETE STATEWtOE TITLE SERVICE WITH ONE LOCAL CALL I - ~ ... ."'. , "'" tt. : "'" I..: .~ . . . . . . " MARK H. BLOODGOOD AUDlTOR.CONTROLLER COUNTY OF LOS ANGELES DEPARTMENT OF AUDlTOR,CONTROLLER RaElERT A, GILL CHIEF DEPUTY 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 J R, PASSARELLA, CHIEF. TAX DIVISION 625-361 1 February 21, 1969 RECEiVED FEB 27 19fi(J City of Arcadia 240 West Huntington Drive Arcadia, California .CITY OF ARCADIA CITY Il.TIORI'J!=::Y Attention: Robert D. Ogle City Attorney Re: Baldwin Avenue Parcel No.lll Marie Cook and Garnet Cook - 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 was ordered by the October 29, 1968 Honorable Board of Super- by Authorization No. 06313. visors Very truly yours, l~. BLOODGOOD, Auditor-Controller By J. R. Passarella, Chief Tax Division JRP /EMF It c CITY COUNCIL DON W. HA.GE MAYOR City of Arcadia C. ROBERT A.RTH MAYOR PRO TEM EDWARD L. BUTTERWORTH ROBERT J. CONSIDINE JAMES R. HELMS. JR. ~ 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H. COZAD CITY MANA~ER CHRISTINE VAN MAANEN CITY CLERK June 24. 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. III 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 UBRARY 20 W. DUARTE ROAD 91006 POLICE: DEPARTMENT P. O. BOX 60 91006 FIRE DEPARTMENT 710 $, SANTA ANITA AVE. 91006 TELEPHONES 446.4471 . 681-0276 446_71 11 447.2121 446-2126 TO 1012-1 Fe (10.67) California Land Title Assadation Standard Coverage Poli~y Form Copyright 1963 1893 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Tide Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consid~ration paid for this policy, the number, the effective date, and amount of which are shown in Schedule A, hereby insures the parries named as Insured in Schedule A, the heirs, devisees, personal repres~ntatives of such Insured, or if a corporation, irs successors by dissolution, merger or consolidation, against loss or damage not exceeding the amount seated in Schedule A, together with costs, attorneys' fees and expenses which che Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the Insured shall sustain by reason of: I. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or referred to in Schedule C. existing at the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2, Unmarketability of such title; or .~, Any defect in the executiun of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon (he l:state or incerr:st refe:rred [0 in this poiicy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred [0 in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage being shown in Schedule B in the order of its priority; all subject, however-;:otD'th'e'\.p1~\:isions of Schedules A, Band C and to the Conditions and Stipulations ..;;;>' c "~\ hereto annexS!h-:- ~C... ANO rll(; ~\, ~ ~~ 0000000 .$'" Ii, :;::' ~'. oo~.~ 15 PFlOooo ". /. ~ €/)"V 00 0"" ,.. 0 " II, ::;' ~ 005<.- ~q.q.~i-~~14lYiIJ1{Ss~1'ereof, TItle Insurance and Trust Company has caused its t ...... 00 i! >}... l~cqrp2!att:Rame~a~1i seal to be hereunto affixed by its duly authorized officers ;.t 4t 0 -~., -,./ '''h';-d~ ch...... (.. S h d I A ~ -J oL ~.:.f{ ~r'-;,-ilon.t e at:s own/In c e u e . IJ I- oo_~- ,AA. '.;,.--.:;\ F ~ oc:;; ~ ~ - -~"-"= ~-~ ~ r. ~ I- ~ '/4ic,:;t;~.;'-;;;;;;': IQ", __ g --.: ~ 'I, 0 "';'\1;:' ~ fVi-'1~.I'> r Q 0 f;; ~) -{c 01-; :,_ /i-01;;W"'~"'00 >> ;;,: o 0,. - o....-c., ~v 0 ;;; '1 <' oo~s ",,~ 0 ,.. - II () Oo;-4TE \S (;0000 ,"" .:: III .$' -4 000000 '\.,'rrv ~~ \,\\ NGE:LES. ~..::;.- \\\\,,'\.,'~,~ Title Insurance and Trust Company by ~~~~NT At/est c:JLu 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 thereco which by law constiwte 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 publi.c records; (d) "date": the effective date; (e) "mortgage": mortgage, deed of trust, trust deed, or other security instrument; and (f) "insured": the party or parries 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 jn Sched- ule B acquires said estate or interest, or any part thereof, by foreclosure, trustee's sale, or other legal mannef in satisfaction of said indebtedness, Of any part thereof, or if 3. 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 alJ of the conditions and stipula- tions hereof. 3, EXCLUSIONS fROM THE COVERAGE OF THIS POLICY This policy does not insure against loss or damage by reasons of the following: (a) Any law, ordinance or governmental regulation (including but not limited to 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 land, or prohibiting a separation in ownership or a reduction in the dimensions or area of any lot 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; or 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 one or more I'hysicaJly open streets or highways this policy insures the ordinary rights of abutting owners fot access to one of such streets O[ 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 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 tecords. unless disclosure thereof in writing by the Insured shall have been made to the Com- pany prior (0 the date of this policy; or (3) resulting in no loss co the Insured Claim- ant; or (4) attaching or created subsequent to the date hereof. (e) Loss or damage which would not have been sustained if the Insured were a purchaser or encumbrancer for value with- out knowledge, 4. DEfENSE AND PROSECUTION Of ACTIONS -NOTICE OF CLAIM TO BE GIVEN BY THE INSURED (a) The Company, at its own cost and without undue delay shall provide (1) for the defense of the Insured in all litigation consisting of actions or proceedings com. menced against the Insured, or defenses, restraining orders, or injunctions interposed against a foreclosure or sale of the mort- gage and indebtedness covered by this policy or a sale of the estate or interest in said land; or (2) for such action as may be appropriate to establish the title of the estate or interest or the lien of the mort- gage as insured, which litigation or action in any of such eveocs is founded upon an alleged. defect, lien or encumbrance in- sured against by this policy, and may pur- sue any litifation to final determination in the court 0 last resort. (b) In case any such action or proceed- ing shall be begun, or defense interposed, or in case knowledge shall come to the In- sured of any claim of title or interest which is adverse to the title of the estate or in- terest or lien of the mortgage as insured, or which might cause loss or damage for wr.ich the Company shaH or may be liable by virtue of this policy, or if the Insured shaH in good faith contract to sell the in- Jebte~ness ~ecured ~r a mortgage covered by thIS pohey, or, I an Insured in good faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at a foreclosure sale under a mort- gage covered by this policy refuses to pur- chase and in any such event the title to said estate or interest is rejected as un- marketable, the Insured shall notify the Company thereof in writing. If such notice shall not be given to the Company within ten days of the receipt of process or plead- ings or if tne Insured shaH not, in writing, promptly notify the Company of any de- fect. lien or encumbrance insured a~ainst 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 to the subject matter of such aClion, proceeding or matter shall cease and tetminate~ 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 tD the extent of such prejudice. (c) The Company shaH have the ri~bt 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 title of the estate or interest or the lien of the mort. gage as insured~ and the Company may take any appropriate action under the terms of this policy whether or not it shall be liable thereunder and shall not thereby concede liability or waive any provision of this policy. (d) In all cases where this poliey per- mits or requires the Company co prosecute or provide for the defense of any action or proceeding, the Insured shall secure to it the right to so prosecute or provide de- fense in such action or proceeding, and all appeals therein, and permit it to use, at its option, the name of the Insured for such purpose. Whenever, requested by the Com- pany the Insured shall give the Company alJ reasonable aid in any such action or proceeding, in effecting settlemeoc, 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 shall be furnished to the Company within sixty days after such loss or damage shall have been determined. and no right of action shall accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shall be had by the Insured under this policy unless action shall be commenced thereon within five years after expiration of said thirty day period, Failurl' 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 Ihe 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 amouoc of this policy, or, in case loss is claimed under this policy by the owner of the indebtedne.~s seCllred by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness; such pur- chase, payment or tender of paymeoc of (Conditions and Stipulations Continued and Concluded on Lost Page of This Policy) . TO 1012-) AB C CalifornIa Land TItle AMoclatlon Stal'\dard Coverage Policy 1963 SCHEDULE A Premium $ '10. " 0 Amount $ 2,000.00 Effective Date June 10, 1968 at 8 a.m. Policy No. 6781166 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 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. BD '. TO 1012-16 Cont. C California land Title Association Standard COVllrage Pollcy-r963 S C H E D U L E B - (Conlinued) PART II 1. Covenants, conditions and restrictions in the declara-- tion of restrictions Executed By : Security Trust & Sa~ings Bank (now Security- First National Bank of Los Angeles.)) Recorded : prior to February 15, 1950 in book 2679 page 48, Official Records 2. An purposes In Favor For Recorded easement affecting the portion of said land and for the stated herein, and incidental purposes, Of : Security Trust & Savings Bank : "pole lines prior to February 15, 1950 in book 2965 page 369, Official Records the rear 4 feet of, said lot. Affects' 3. Covenants, conditions and restrictions in the above recorded instrument. 4; An easement affecting the portion of said land and for the purposes stated herein, and incidental purposes, In Favor Of Southern California Edison Company, a corporation For pole lines Recorded May 20, 1952 in book 38970 page 380, Official Records Affects rear 4 feet The poles of said line shall be located within 1 foot of said lot. 5. Any lien for inheritance tax due the State of California ,by reason of the.,death on July 9,-1965 of Thomas M. Cook, former owner in joint tenancy with Marie Cook. the Superior Court March,22, 1968 City of Arcadia, a municipal corporation vs. Elizabeth Rowse Wilson, et al. 6. An action in Commenced Entitled . . . . Case No. Nature of Action : . . 929015 to condemn the fee simple title to said property for the use of a public right of way. Parcel 111 Affects . . Notice of the pendency of said action was Recorded : March 22, 1968 in book M-2807 page 805 Official Records 7. The following provision of the deed fro~ Ma~ie Cook~ a widow and Garnet Cook, a married man, as jo~nt tenantsLo City of Arcadia, a Municipal Corporation, recorded June ld~ 1968: "Grants to the city of Arcadia, a Municipal Corporation, in fee for public street and Road purv.oses, to become a part of and to be known as Baldwin Avenue. I . TO 1012-1-1056-1C C American Land Tit/e Assoclafion Loan Policy Addltionol Covercge-1962 0' Colifornio Lond Title Association Standord Coverage Policy-1963 SCHEDULE C 'The land referred to in this policy is situated in the county of Los Angeles, state of California, and is described as follows: That portion of the south ~alf of Lot 385 of Tract No. 6561, in 1 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, includ~d within the following described lines: Beginning at the southeast corner of Lot 383 of said Tract; thence westerly.along the southerly line of said lot 383.to.the beginning of a tangent curve, c01')lTave northwesterly having a radius of 15.00 feet, said curve being 'tangent northerly to the westerly line of the easterly 15.5 feet of said Lot 383; thence northeastE!rlyalong said curve to said westerly line; ,thence northerly along said westerly line a distance of 177.5 feet; thence northerly in a'direct 'line to the point of intersection ',of the westerly line of the east- erly 12.00 feet of Lot 386 of said Tract with a line drawn at '. \. , right angles through a point in the."northerly prolongation of the westerly line of said easterly 15.5 feet of said lot 383 and dist'ant northerly along said line and prolongation 300.00 feet. from the northerly terminus 'of said curve; thence.northerlY!along the westerly line of said easterly 12.00 feet ,to the northerly line of said Lot 386; thence easterly along said northerly line to the easterly line of said Lot 386; thence sout'h~rlyalong the easterly Une of said Lot 386, 385, 384 a~d 383 to the 'point of . beginning. ' . J 60 6: 50 50 50 50 50 65 60 90 _.fP~,50 ~ 60 ~ ") '" - " "'> OQ' .lo,j,:"'---: ;;'. ii1\ ~ I/fi!;L ~ '<i,,,:': " "" ~ ;:> ~''''~''':xl~l- C>_~~><!JfJl'r.i~r~;;-' ~ ~V" "t 'lit 'l 'I' ~#'~'.....\~"''i ~\~--~""-~-~Jt:S!) ;> <>- '65 50 0 50 50,50 _6$' IIlZz,,-'II- '11-" ~, ~ ~ " l,) /30 JiM ~~~~ / ~ ~~. ~ Ii /00 ,,445 .... /<:\.4-3[7;1>," 30 50 50 ',.er~.'.'.' ~ ~ 446 /f.. ':436 ~ /30 ~~ \ 20 ~ 44}~~ii.;;435 ~ ~ 4/3 ~ 630 ~~/A ~ 5~ : /;;~~'7 ;~;: 4/4 /3~0~ 60 39;0 y~~~~~ ~ ~l45,O 1~.8Z )l~4 3;r; g %; 4.5/ I .4,3/ /~ \ ' ~" 452 I 43,0 ~ " \~ '153 I 42!J ,~ '2.. 38~ .)1..... '.} /!30 I ;~'J ~l /30 /30 . I I I '~" WOR/(f,Y1tiN RYE. ~.145:0 19~28 ~ : ~lr:O:~/9~06 ~4ip~30:(~88) ~))~5-:~ 427 ~ ~g~8 405 ~b, % 387 /-~ "., \" "! ~ ~~4\6 ~ ~ -.fC6- ~llJ!) - ~ ~ 38l)~ ~ '\ \'~ n:~'J?z\ ~~' 1..' ~ ~')\\I~ ~" 4 25 --: ~ -:;z-e '~" It ~ lil'~ i ~ : ~4\~~~ : ~ : ~ ~ 403 ~ 398 /!Jr ~ ~ -J ~ 58,<6;.~~))'!f.r" It) ~ 42/ 402 ~ 0 ~ 399.. ,Ldtiff/3'84 ~ ~ o 130>,'Ij.~/3'll:".... '<\ r... 130 130 '"'- &,g~;;;1fo " ~ ~ ~:". 4~~;: " ~ :;; ",O")~'~Oi.':;;.),"~. y 383 459 '" "i4.if!'3~!\iQ"", '<i 422" 40/ - " gj ~~" 4 C~;::6iJ;,~~ ~ ICl~' r ...... 60"' /!JO.005 / . 005~.. ~':'.,U, fl-,.: .:-- \/!!"~;'~.'~f;:;\.,,,,,,,, 'u~P":~,O,5;'MiJ' ' ;-/90.005 /30.005 ~ L / J/ E 0 A ~t~')~M~J)))'::~U') !1YE. ~ l ! T8~.4nO"W I ~234VC ~I , ". " " <<" I I LfiS TUNfiS <<, " " - DRIVE N.(J/"/O'E. l /f-4S0 2c.:1.?.!J 0-74/ ~ " ;. <0 <r) ~ ~ . <0 Vi '" <S ~ 55 I TRACT No. 656/ Map Book 72, Pages 34 & 3S 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 Concluded From Reverse Side of Policy Face) lhe full amount of this policy, together wilh all COStS, attorneys' fees and expenses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given to 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 C()sts and attorneys' fees which the Company may be obligated hereunder to pay. (b) The Company will pay, in <iddition to any loss insured against by this policy, ;111 costs imposed upon the Insured in liti. gation carried on by the Company for the insured, and all costs and attorneys' fees in liligation carried on by the Insur~d with the written authorization of the C()mpany. (c) No claim for damages shall arise or be maintainable under this policy (1) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein removes such defect, lien or encumbrance within a reasonable time after receipt of sllch notice, or '(2) for liability voluntarily assumed by the Insured in settling any claim or suit withour writren consent of the Company, or (3) in the event the ticle is rejected as unmarketable because oJ 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) AU payments under this policy, ex. cept payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, ifl which case proof of such loss or destruction shall be furnished to the satisfaction of lc,e Com. pany; provided. however, if the OWner of an indebtedness secured by a mortgage shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such payments reduce the amount of the indebtedness 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. (e) When liability has been definitely fixed in accordance with the conditions of this policy the loss or damage shall be pay- able within thirty days thereafter. 8. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount 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 shall not apply to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unless such Insured acquires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have sealed a claim under this policy, all right of sub- rogation shall vest in the Company un- affected by any aa 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 co such rights and remedies in the proportion which said pay- ment bears to the amount of said lnss. If loss should result fn>m an}' act of the In- sured, such act shall not void this policy, but the Company, in that event. shall be required to par on1r that pan of any losses insured against hereundec which shall ex- ceed the amount. if any, lost to the Com. panr by reason of the impairment of the right of subro~ation, The Insured, if re- quested by the Company, shall transfer to the Company all rights and remedies against any person or property necessary jn order to p(:rfect such right of subrogation, and shall permit the Company to use the name of the 11lSured in any transaction O[ 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 the estate or interest from the lien of the mortgage, or release any col. lateral security for the indebtedness, pro- ,'ided such act does not result in any loss of priority of the lien of the mortgage. 10. POLICY ENTIRE CONTRACT Any action or actions or cights of action that the Insured may have or may bring against the Company arising out of the status of the lien of the mort~age covered by this policy or the title of the: estate or interest insured herein must be based on the provision.~ of this policy. No provision or condition of this policy can be waived or changed except by writjn~ endorsed hereon or auached 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 required to be given the Com- pany and any statement in writin~ 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. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAI."l.INATlON AND TITLE INSURANCE, @ Title Insurance and Trust Company FOUNOEO 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 433 South Spring Street Los Angeles, California 90054