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HomeMy WebLinkAboutD-1674 p'. (/ , .,~ ';\ . CERTIFICATE OF ACCEPTANCE .~ ~ 04049 r b 645 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 February 16. 1968 , from or executed by George "Kite and Mildred C. Kite , is hereby accepted by the City of Arcadia by the order or authori- zation 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 r cordation thereof by its dUly authorized~officers ~/I- ity Manager ity Engineer CoJ C/I \X! ~ The cribed is hereby a~eq as ~ ~ .~:jj) y Attorney -. '-', I" City Clerk P.O. Box 60 I D-I(,7~ 1 ---'--' "RE:col"i~'iN" '- LO~~~~T:i~~~ C~~'~~~C~~F II RAY [ LEE. R~C(i,~DER CITY OF ARCADIA AND WHEN RECORDED MArL TO Name Street Addren JUN 28 10 08 AM 1968 fR~ ~R L c;" . Arcadia, Calif. 5"'.'~6 3 -,/Jet) :f , SPACE ABOVE THIS LINE FOR RECORDER'S USE MAil TAX STATEMENTS TO Name Ci ty of Arcadia I" I $2.75 City & S'a'eL .J Street Addreu , .. Grant Deed AFFIX-:;;' s uu.:;.Z-~ ..... ...... . ABOVE TO 405 C (4_67) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, GEORGE KITE and MILDRED C~ KITE erebv GRANT(J5) 10 the CITY OF ARCADIA, a Municipal Corporation, Iff Ff~ BE. BSSeme'Rt for public street and road purposes, to become a part of and to be known ~i.. as Baldwin Avenue, in, on, upon and. across I the following described real properly in the City of Arcadia._ County of Los Angeles , Slate of California: The westerly 17,00 feet of the South 78 feet of Lot .39 of Tract No. 4869, in the City of.Arcadia, County of Los Angeles, State of California, as per map recorded in Book 52, Page 13 of Maps, in the office of the County Recorder of said County. A v S1 A 1E\vfEt'lT IC AGENCY. NO TI'V' I;PUBL 0 In 1ft n C! '" :::J 0 :z n "" :I: ~, " n j " t'1 roi c; z OJ '" -<: -< "FREE RECORDING REQUESTED. ESSENTIAL TO ACQUISITION BY THE,.CITY OF. ARCADIA. SEE GOVT. . CODE #6103." Daled~,.0~JI / t;, / f ~ ~ C. Kite' . . 5TATE OF CALIFORNIA } COUNTY OF LOS ANGELES 55. On before me, the under- signed, a Notary Public in and for said State, personally appeared George Kite and Milclrp.n r. Kitp ~ C/l ~ '.} to he the person~whose name S instrument and acknowledged that WIT'I'J\TJ:;'l;:l;: '~H \,,,..,1 ~.ffi....;"l c>>"l . known to me are subscrihed 10 the within they executed the same. ~ -..--------....-- . ~ 4-'f~,~" Jl:AN RIGGS [ '";,"" .-,....., ~~t...,""" l.lnTAn'J n".-J.."'" ,~.....__.._ L t . ~~ . , . I . ; ..1 " ,GRANT DEED . GRANT DEED Title Insurance and Trust Company Title Insurance and Trust Company COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL ; ,'~ , . \ ."~ ~. . , ..' MARK H. BLOODGOOD AUDITaR.caNTROLLER AJ_ /6 '/'7 'COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 625.3611 February 21, 1969 City of Arcadia 240 West Huntington Drive Arcadia, California Attention: Robert D. Ogle City Attorney Re: Baldwin Avenue Parcel No. ~3 George and Mildred C. Kite Gentlemen: Pursuant to your letter dated July 12, 1968, ROBERT A. GILL CHIEF DEPUTY J R. PASSAREl..LA, CHIEF, TAX DIVISlaN RECEiVED fES 27 1911'; .CITY. OF AReAL. .em 'ATTORf'l~Y taxes have been cancelled in accordance ~ith Section 4986 of the Revenue and Taxation Code. This cancel- lation ~as ordered by the Honorable Board of Super- visors October 22, 1968 by Authorization No. 06167. Very truly yours, BLOODGOOD, Auditor-Controller !~: By J. R. Passarella, Chief Tax Division JRP !EHP Itc CITY. COUNCIL DON W. HAGE MAYOR City of Arcadia C. ROBERT ARTH MAYOR PRO TEM EDWARD L. BUTrERWORTH ROBERT J. CONSIDINE JAMES R. HELMS. JR. ~ 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H. COZAD CITY MANAGER CHRISTINE VAN MAANEN CITY CLERK July 12, 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. 23 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, ~~ ROB T D. GLE City Attorney RDO: jh Ene. ~ MAILING ADDRE~SES CITY HALL P. O. BOX Elo 91006 LIBRARY 20 W. DUARTE ROAD 91006 POLlCE 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 ._.on n ",,-V ,\-'(~el~ TO 1012 f:.c (7-68) Cl'Jliforniq lond rifle A$$oci.'ltion Stand<'lrd Coverllge Policy Form Copyright 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective date, and amount of which 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 dissolution, merger or consolidation, against loss or damage not exceeding the aIllOlInt stated in Schedule A, together with coses, atrorneys' 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: L 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; ur 2. Unmarketability of such title; or 5, Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the lien Or charge of said mortgage upon the estate or interest ;eferred co in this policy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage being shown in Schedule B in the order of its pri9fity; . -,....,...""'\,,,,"'.., all subject, however;-- tOr..the proVISIOns of Schedules A, Band C and to the Conditions and Sttpulatiom hereto annexea-:--:'~r,,," AND T~G,"\\'1 ,,;;::" ~r 0000000 ~). I .: ~ 000';,.", \S PRO~Oo ' /, ~ G:> 00 ~O {I-(:fllt~, ..t-.on ~ I jt ~ o.~ q.-9- "f.tJm!:1Jln~ WttnessCWhereof, TItle Insurance and Trust Company has caused its ~ -.....: 0 :".. q. ""~<;l ~ 0 ~ fJ ~ Lu ~ J..:. J)o co~rate1name ana seal to be hereunto affixed by Its duly authorized officers ~....IO!~ '/\\>o:h\~d\'';',~'.I. d A I! f- 0- ' on t, eLa1t~g,wlvm Sche ule . ~_o-,.~_ 6 -V~~ oZ~ r~ t- 0 /~' ~ I 0 _ ,. 'I, 0" -. 1i' ~ " ,., ,,=g '~ ~J -{< o~":' ,~;---, ' / 'A;;oo l} ~ (J 0,- -, hV 0 ... '1,/ ~Ooof~;A;~-~;'Gu~Joo ,<<,'f I" ;s> -4 00000000 r,'P-'v: \\\\ NGELES. ,$' \\\\'\"'~~ Title Insurance and Trust Company by /v~~ PRESIDENT Attest 0Lu :lf~ 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 n:cords 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 orher security instrument; and (f) "insured": the party or panies 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 imercs{ 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 3ny part thereof, Dr 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 shaH continue in force in favor of such Insured, agency or instrumentality, subject to all of the conditions and stipula- tions hereof. 3, EXCLUSIONS FROM THE COVERAGE OF THIS POLICY This policy does not insure against loss or damage by reasons of the following: (a) Any law, ordinance or governmental regulation (including but noc 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 10l or parcel of land. (b) Governmental rights'of police power or eminent domain unless notice of the exercise of such rights appears in the public tCUHds 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 abUls, or the right to maintain therein vaults, tunnels, ramp~ or any other structure or improvemel1(; or any rights or easements therein unless this policy specific- ally provides that such property. rights (ll" casements are insured. except that if the land abuts upon one or more I,hysically open Streets or highway.~ this policy insures rhe ordinary rights of ahutting owners for access to one of stich streets or highways. unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances. adver5e claims against rhe title as insured or other matrets (I) created, suffered, assumed or agreed to by the Insured claiming loss or damage; or (2) known co 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 publ ic 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 withouc 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 sate 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 imerest or the lien of the mort- gage as insured, which litigation or action in any of such events is founded upon an alleged ddect, 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 [he In- ..>tired of any claim of title or interest which is adverse to the title of the estare 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 polity, or if the Insured shalJ in good faith contract to sell the in- debtedness secured by a mortgage covered by this policy, or, if an Insured in good faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at a foreclosuce sale under a mort- gage covered by this policy refuses to pur- chase and in any such event the title to said estate or interesr is rejected as un- marketable, the Insured shall notify the Company thereof in ,writing. If such notice shaH not be given to the Company within ten days of the receipt of process or plead- ings or if rhe Insurr:d shall not, in writing, promptly norify the Comp,lOY of any de- fect. lien or encumbrance insured a,f:ainst which shall come to [he knowledge of the Insured or if the Insured shall noc. in writing: promptly notify the Company of any such rejection by reaSon of claimed un- marketability of tide. then all liability of the Company in regard to [he subject matter of such action. proceeding or matter shall cease :lOd terminate; provided, however. that failuce to notify shall in no case prejudice tbe 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 sh911 have the right at its own COSt to institute and prosecllte 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 imerest or the lien of the mort- gage as insured; and the Company may take any appropriate action under the terms of this policy wh<.,ther or not it shall he liable thereunder and shall not therehy concede liability or waive any provision of this policy, (d) In all .castS where this policy per- mits or requires the Company to prosecute or provide for the defellse of any action or proceeding, the Insured shall secure to it the right to so prosecvte 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 Comp:lny aU r<,'asonabk :lid in any such action or proceeding, in effecting sertlement, securing evidence, obtaining witnesses, or prosecu. ting or" defending such ;lctlon or proceed- ing, and the Company shall reimburse the Insured for any expense so incurred. S. NOTICE OF lOSS - L1MITAtION OF ACTION In addition to the notices required under paragraph 4(b), a staten1ent in writing of any loss or damage for v>'hich it is claimed the Company is liable under this policy shall be furnished to (h~ Company within sixty days after such loss or damage shall have been derermined. 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 hy rhe Insured under this policy unless action shall he commenced thereon within five years after expiration of said thirty day period. Failure to furnish such statement of loss or damage. or to commence such ;lction within the time hereinbefore specified, shaH be a con- clusive bar against maintenance by the In- sured of any aetion under this policy. 6, OPTION TO PAY, SETTlE OR COMPRO- MISE CLAIMS The Company shall h;lve the option to payor settle or compromise for or in the name of the Insured any claim insured against or ro pay the full amount of this policy, or, in case loss is claimed under this policy by the owner of the indebtednl:ss secmed by a mortgage covered hy this policy, the Company shall have the option {O purchase said indebtedness; such pur- chase, payment or tender of paymeO( of (Conditions and Stipulations Continued and Concluded on Last Page of This Policy) '-'. - . TO 1012-1 AS C .: -: .: . California land TItle Association Standard Coverage Polley .1963 SCHEDULE A Premium $ 4 0, ,,~ Amount $ 2,000. 00 Effective Date July 1, 1968 at 7:00 a.m. Policy No 6725953 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. ThQ estate or interest ill the land described or referred to ill Schedule C covered by this policy IS a fQe. 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. 10. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are Dot 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 10 1012-]B ConI. C <:alifornia land Thl& Association Sfandard Coverage Policy.I963 S C H E D U L E B - (Continued) PART II 1. General and special c o'unty and city taxes for the fiscal year 1968-1969, a lien not yet payable. 2. Covenants, Executed By Recorded conditions and restrictions in the deed : Rudolph H. SChwarzkopf and wife : prior to. February 15, 1950 in book 3024 page 156, 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. Instrument No. trust to secure an indebtedness of the amount and any other amo.unts payable under the terms October 1, 1958 $12,000.00' : George Kite and Mildred C. Kite, his wife' D. F. Robert and Charles S. Piepgrass Acacia Mutual Life Insurance Company, .a corporation . October 7, 1958 in book T 377 page 10, Off:tc ial Records 1829. 3. A deed of stated herein thereof, Dated Amount Trustor Trustee Benefic iary Recorded 4. An action in the Commenced Entitled Superior Court February 9, 1968 .Cityof Arcadia, a municipal corporation V,B. Britta L. Albert, et al., 926351, County of Los Angeles public use Parcel 23. Case No. Nature of Action Affects Notice of the pendency of said action was Recorded February 9, 1968 in book M 2772 page 966, Official Records. 5. A recital in the deed from George Kite and Mildred C. Kite to the city of Ar.cadia, a municipal corporation recorded June 28, 1968 as instrument No. 3587, which recites that said land is for public street purposes and road purposes and is to become a part of and to be known as Baldwin Avenue. TO IOl2-]-1056-IC C American Land Title Association Loon Policy Additional Coverage~1962 0' California Land Title Association Standard Coverage f3olicy-1963 SCHEDULE C The land referred to in this policy is situated in the county of Los Angeles, state of Califomia, and is described as follows: The westerl~ 17.00 feet of the south 78 feet of Lot 39 of Tract No. 4869, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book 52 pa@e 13 of Maps, in the office of the County Recorder of said county. . > TO 232 C, 1\....,;.( 'TO' 236 V~ ~-') ;. .....:T' ~~~- ...r; I.J-., ~.... ...'...... '''-'' Lars 1 AND 2, 38 TO- 41 OF TRACT NO. 4869 -1tlr@]~(t 3T()./6 '" / ~ '," ".....~~' f\l l' . u,,/. \ l' I 1 I A!z,}' MAf' j AVE. \ j iEMtW AVE " " L.E/t1,:J,{/ AVE GT~ID This is not a survey 0 Iht land bul is compiled for informalion by Ihe Title Insurance and Trus to any from data shown by the official records. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) the ful] 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 nOlice of claim has been given to the Com. pany by the Insured, the Company offers to purchase said indebtedness, the ownec of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon paynll:nt 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 attorneys' fees which the Company may be obligated hereunder to pay. (b) The Company will pay, in addition to any loss insured against by this policy, all COSts imposed upon the Insured in liti. gat ion carried on by the Company for the I nsured, and all costs and attorneys' fees in litigation carried on by the Insured with lhe written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this policy (I) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded herein removes juch defect, lien or encumbrance within a reasonable rime after receipt of such notice. oc '(2) for liability vo]untarily assumed by the Insured in settling any claim or suit without written consent of the Company. or (3) in the event the tide 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 (Ourt of competent juris. diction sustaining such rejection. (d) All payments under this policy. ex- cept paymems 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. in which case proof of such loss or destruction .~hall be furnished to the satisfaction of the Com- pany; provided. however. if the owner of an indebtedness secured by a mortgage shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as 10 such Insured. except to the extent that such payments reduce the amount of the indebtedness secured by such mOf[- gage. Payment in full by any person or voluntary satisfaction or release by the In- SUI ed of a mortgage covered by this policy shall terminate all ]iability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro. viJed 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 {he Company may pay under ;my policy insuring the validity or priority of any mortgage shown or referred {{l- in Schedule B hereof or any mortgage here- after ex'ecuted by the Insured which is a charge or lien on the estate or interest described or referred (0 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 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 to such claim had this policy not been issued. If the payment does not (Over the loss of the Insured, the'Company shall he subrogated 10 such rights and remedies in the proportion which said pay- ment bears to the amouO( of said loss. If loss should result from any an of the In- sured. such ;ICl shall not void this policy. hut the Company. in that event, shall be required to pay only that parr of any losses insured against hereunder which shall ex- ceed the ;llTIOunt. if any, los( {O the Com- pany by reason of the impairment of (he right of subro,(;ation. The Insured, if rt:- quesred by the Company, shall transfer to the Company all rights and remedies against any person or propeny necessary in - order to perf"ct 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 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 release any col- lateral security for the indebtedness. pro- vided such act does not result in any loss of priocity of the lien of the mortgage. 10. POLlCY ENTIRE CONTRACT Any action or actions or rights of action that the Insured may have or may bring against the Company arising out of the status of the lien of the mortgage covered by this policy or the title of the estate or interest insured herein must he based on the provisions of this policy. No provision or condition of this policy can 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 required to be given the Com- pany and any statement in writing required to be furnished the Company shall he 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 POLICY OF TITLE INSURANCE Providing direct title services or referral services throughout the United States and the territory of Guam. . , Title Insurance and Trust Company .'