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HomeMy WebLinkAboutD-1683 That portion of the northerly 100cfeet measureda~ right angles to the northerly line of Lot 16 of Tract No. 5907, in the City of Arcadia, County ofcLos Angeles, State of California, as ;per.map recorded in Book 63, Page 67 of Maps, in the office of .the County Recorder ~f said~ounty, included within thee following described lines: " ....,... Beginning at the southwesterly corner of said Lot 17, saiq corner being on the west line of said Tract; thence easterly along the' southerly line of said Lot to the east- erly . line of the westerly 17.00 feet of said Lot;, thence northerly along said easterly line 65.9 feet more or less to the beginning of a tangent curve concave easterly and having a 'radius of 490.00 feet, the northerly continuation of said curve being tangent to the easterly line of the westerly 17.00 feet of Lot 16 of said Tract; thence northerly along said curve 51.5 feet more or less to its intersection with a non- tangent curve concave easterly having a radius of 494.5 fe~t, the southerly continua- tion of last mentioned curve being tangent to the easterly line of the westerly 12.5 feet of said Lot 17 and said last mentioned curve being tangent at its northerly terminus to the easterly line of the westerly 19.5 feet of said Lot 16; thence northerly along last mentioned curve 22.2 feet more or less to the northerly terminus thereof; thence northerly along last mentioned easterly line to the beginning of a tangent curve concave southeasterly having a radius of 15.0 feet and being tangent at its northerly terminus to the northerly line of said Lot 16; thence northeasterly along last mentioned curve to its point of tangency with the northerly line of said Lot 16; thence westerly along said northerly line to the northwest corner of' said Lot 16, said corner being on the westerly line of said tract; thence southerly along the westerly line of said tract to the point of beginnin . ~yl IcJ ~~i >- >- OJ CJ -. Cl ~ UJ ~'Y: I- U -- W c:: _ 3: U .;N t;....J ~O 0': u U) UJ o ;1 t I (I, , * :,': I ":;\. CERTIFICATE OF ACCEPTANCE ~K 04073 rG65/ This is to certify that the interest in re'al property conveyed or transferred to the City of Arcadia, a municipal corporation, by the deed, grant, conveyance or instrument dated . May 20, 1968 , from or executed by ARCADIA DELAWARE CORPORATION , is hereby accepted by the City oLArcadia 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 authori d officers. ~~~J ~ o Ci ty Mana City Engineer The document thus described is hereby approved as to form. ~~0- - Ci'!JI OF ARCADIA . , 2',0 ~Z?{(.?lRZ 2f~ /#/ un ULfU/ Jrb b4~ 1/- /C /?J I Nam. City Clerk s,,_, P.O. Box 60 Addrllll City & Arcadia, Calif. Slat. L "I RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY, CALIF. FOR TITLE INSURANCE & TRUST CO. JUL 22 1968 AT 8 A.M. RAY E. lEE, County Recorder I' t FREEAR SPACE ABOVE THIS L.INE: FOR RECORDER'S USE I ~ MA.IL lAX STATEMENTS TO I Name Ci ty 0 f Arcad ia "I Free Recording Requested Essential to the Acquisition by the City of Arcadia. (See GOy't Code 6103). Street Addrllil City & S'a'eL ~ ~ - AFFIX $ J- g>~ , Corporation Grant Deed THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY I.R.S. ABOVE TO 406 CA (12-66) FOR A Y ALUABLE CONSIDERATION, receipt of which is hereby acknowledged, ARCADIA DELAWARE CORPORATION, a corporation organized under the laws of the state of Delaware hereby GRANTS to the CITY OF ARCADIA, a Municipal Corporation in fee for public street and road purposes, to become a part of and to be known as Baldwin Avenue, in, on, upon and across the following described rea] property in County of Los Anl';eles the I I City of Arcadia, ;.-State of C~lifornja: '" ]\ ;J. - (,," ':"" ~~.. -'1fi- -. ;\ -. - '\. )ii " ( , ~KD4073rG650 ~ "" f\ ~ ~ R , z o '-; S< DOCUMENTARY TRANSFER TAX $____~.,_._.b!.<{l=' \ M Title Insurance and 'fl.~U Trust Company SIGNED - P , Y OR AGENT FIRM NAME .a&ca.dbLL....... As instlucted by, ,. STATE O~ Maryland COUNTY OL Montgom ery On May 20th 1968 } 5S / . before me. the under- Secretary ~, ' . J signed, II Notary Puhlie in and for said Stale, personally appeared Prlt'JP Hl1fty & 1='rrln~P9 Arrohhnlrl HlIftYknown 10 me to he the YMYcr Hllfty Pres.ideot, and Frances ArC11bo Hufty known to me to be ssistant Secretary of the Corporation thut executed the within fnstrumenl. known to me to he the persons who executed the within Imtrument on hehalf of the Corporation therein named, and acknowledged 10 me that slIch Corporation executed the within Instru mcnt pursuant to its hy,laws or II resolution of its hoard of directors. , "~..... . . ..''( i ......,:F.. "~~ ' c..' " '_,., \.1.1",11, ''',:/,,'"/ . >"" fo\.\'.;no;: ,'I;,>, .(:~'::i.;;~;:::~\ " '~;f~ .w ,/.' .~ , ,~":' ~.. " . , . . . ','"," I CORPORATION GRANT. DEED CORPORATION GRANT DEED Title Insurance and Trust Company Title Insurance and - Trust Company.,.'.' . , , " "I" \ .,\" . ,I" . r _-' I.., l' COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL COMPLETE STATEWIDE TITLE SERVICE' I WITH ONE LOCAL CALL ',' .; .. .......... ..i' ~ .' '.. ..~ " . .. .. MARK H. BLOODGOOD AUDITOR.CONTROLLER \ COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 625-3611 May 21, 1969 Ci ty of Arcadia 240 West Huntington Arcadia, California Drive 91006 Attention: Robert D. Ogle City Attorney Re: ARCADIA- D.l!:LEWARE CORPORATION Property acquired for Street widening Gentlemen: Pursuant to y~'ur letter dated August 12, 1968, taxes have been cancelled in acc~rdance with Section 4986 "f the Revenue and Taxaticm C,')de. This cancel- lation was ordered by the Honorable Board ~f Super- visors Nov. 26, 1968 by Auth-.rizaticn No. 06888. Very truly yturs, NARK H. BIDODGOOD, Auditor-Contrr:>ller Cf(.~~ ay J. R. Passarella, Chief Tax Division JRP/EMP/ejn f)-/{gJ ROBERT A. GILL CHIEF DEPUTY J. R. PASSARELLA, CHIEF, TAX DIVISION RECEiVED MAY 27 1969 .Clrf OF ARC,\DJ,.\ CJTY J.'.ITORNEY . ,; "". '.~ ',~. , ' ',' ~ .;:....,; . , '. ~ ',~: , -<-> """,.' " " ..;,,', ." ".':" , . ... . ':,., ' :~ . ' '<1 ., " >.-': , -', . :' ,~..., ". - ,~ - ~ " ' I ,. ", ,- ."- , ",' .' '-1- :-< ""-' ',' '.,' "', ^. , " ~ "- \., "". ': , !"'. ' " ...... , ,~, .r, " ,';' .~, . " : '{. ~ ,'- ~, .' " '. " .; "'" '~ . " " '.' > '.;.' ~ .".<1. "-' , ,'. , " . '. "', '. ~ '. , ""A,.., "1':: c J'- I",' >. t, .,,", <..... ..\ . . ~ :\V ~ ,'. i' '''.' .h: . . (- , .' " " " .', ". '-^'.i,' . ,.,.. .;, ." .... . J",," ". "....;... )1.; A.." to'CCO.'"""" 590,~ot . ."Pl. S'''j.,. "0"," 153 '. . ..... to'A.g,l";O",,o,.,. 900'2 . '.' .. . '.., . , '. . , .. ',. " , , , .... '" .' Ati.. "Ob" El"ri~C'P.eJ"';" ;",,;6""ii~t!0i, . S'~ i'oh SOb~.., i .. '"eq",,,~. :~i,.. ""h""", ~o · or ...""..' . , " ". ,.,; i; A;:~11tPe!'~~':\~~7?;"~?f d;' r"l ',.' ,. . ne.r .... ""'''Ii., ' , . _'., .... ", . , .. , . ,.....:., .'..c....?" ',' ';""'''' . }"',~ .. , , '. ,. . Pl..,. "'oon ....or i'..:,~. te '91' ",';O>dlng .il '''''e,.o "'i>'o...i;"d"';"~'d;;~ ~h;. eO"o"d ':bp, Qr" ~.~~. :. ;',;,., ~'opc" '" ..... ". .", ;,. .c .... . , .. '. :""" 'P"'. O{ · '.,;g.",...;;., ",'U';"d 'i<;~ : .i...., "d'hi;.. . ,. .' p""PO,.,: .:: .". ""ea" '"',~'o;rig'- ;;'.g.,,;.,, ".o.~l i,,: .' ;;';.:o;:i6~ .. . '" . . ...... """ ". .'''''.'....nt..O.,...OdeIi;,g 'ot 6'he",. :.'... . ", '.:. . '. ' ' " .' . '.,.. :',:' " ': .,' ',' '.....' . .., . . , . . '~ . AU~~t:jl~~1968" . . ~, . ~. " ~'<: , ,. .' " .' " ' : ,I'; .\ ,,'.., ,. , , ", "" ',;,;-; ., , '" .' ,.' . . . . ~~ "'\"'> t . '. " ~ ': , . ',-- '. " " , ~'.,.: , ,. .. . ~: .,. '., '. '1, ~. .~. ';, :, _ .' .l , , :~':, , .Il'_. ~.; verY,"truiiYou~a; , . i., '. , .f :s','.- " .: :.~: ~,\ . . -., , " " ", . .. '~, . "',\t '.' .:.... : /", ".",' ",',1 t;.:_. '_'. , . . R013E:ltTD. ,DOLE; CHY'Att01>ney ".:," .;. -.' -. ~ '. . ',' { 'i;' '; , 'RDO/kd , ). "".,' " ", .... ;~' ; '. EnCl08u~e ' '."'. , '.' . " ". ',~. 't.. ',1",'., >.'. i.. , .'.' ," ", .;/ " . " .~ '1 " ,j':"" :t~ . ~ -. . <~ " .: . " '." , , ) " r . ~ . ,;, .' ~:' ," .. . , ,"--' ,. !~~ , '..'~', ",~.: ; .,. .'. . , , "::;';' ..-:;,.~ r \..-", ..... , " ", .:', ~ ': ; ,.:'" , ~; . ,~, , ", " " ~'I . ::';; . ,. .. . , -- ,,\~'" . '.' c. " ; -. .' 'i( . , . - . ' . " : . , . ',~ ". :;"". '," . " ~~, "'-'. I... ,-:.:. ';:.,' ; ~, "'. J', , ;, >'~-: ~,> , ':~ .. " ',: " 0..'-'; '" i I;' ,0, ,': . , '-~ r .\. . ._f, .~ \' '" , ~ ".>.... . :~.i -;;'.< '''...;, .. ;''''-'''' -: .. '.~ . ,-.,,",. " 1'.' '. ". " . ,;. " "" "', . . ' ,. '. I' .'.' .;'i, '" '. , EC TO 1012-1 AB C CalifornIa Land TItle. Association Standard Coverapo Policy ,1963 SCHEDULE A Premium $ 83.25 Amount $ 13,164.00 Effective Date July 22, 1968 at 8:00 a.ill. Policy No. 6725943- NSURED CITY OF ARCADIA, a Municipal corporation. i 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 III 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. TO IOl2FC (Ha) Californitl land Title Association Sttlndard Coverage 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 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 stated in Schedule A, cogether with costs, atcorneys' fees and expenses which the Company may become obligated co 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 3. Any deft(t in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an lnsured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon the estate or imerest referred to 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 priority; . "'""'"'~"\.\.'~"" all subject, however;" tOc.the proVISIOns of Schedules A, Band C and to the Conditions and StIpulation" -- ... <- AND Tn "'\\ hereto annexea~ ....~v 'T(; \. - ~r 0000000 0-.." i?' '> ooo~€. IS PROooo ,. I; ",.., G:) oo~O ....{tQ<l":t,~ l';:".on </_'n- .:; ~ o_~ 'iI-~ 'f;(}"BEl11n~ WltneJSCW?Jereo!J TItle Insurance and Trust Company has caused its ;,t ...... o~" IQo 'N\<j!. '<" Q ~ (I '!1 ... 00 k. 1} cortvl.rat@nameandsealtobehereuntoaffixedbyits duly authOrized officers ~ ......" .".:.r"\ y--<- '\ '-' -0 'I. ~ ~ g . . . onl1he'$1~Y,~w""in Schedule A. ~ _ o-,~ 6 I?~_ 0 z ~ ~ l- ~ ./~~~ i'" !1~-~1 ~ ~ (~ -{< oo~" ~.",___. I'li t;"o "" J;; Title Insurance and Trust Company ~/I, (~O~~;~~~:,~'G~~~~o~<"'f ~ / 1,\ "oS' A 00000000 ....~v ...:: by. /. ~ --.L1-. \\,,'I\IGELES. v.;::--= V~ /~ \\\\'\\."~~ PRESIDENT Attest ~H-~ 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 rderence, 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; (e) "knowledge": actual knowledge, not constructive knowledge or notice which may be imputed to the Insured by reaSon of any public lecords; (d) "date": the effective date; (e) "mongage": 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 jnclude (I) 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 ro 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 thi" 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 {)f 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 llr area of any lot 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 rerords at the date hereof. (e) Tide 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, mnnels. ramps or rtny other structure or improvement; or any rights or easements lherein unless this policy specific- ally provides that such property. rights or easements are insured, except that if the land abuts upon one or more I'hrsically open streets or high\vays this policy insures the ordinary rights of abutting owners for access to one of such streets or highways, unless otlll'rwise excepted or excluded herein. (d) Defects, liens, encumbrances. adverse claims agninst the title as insured or orher matters (1) created, suffered, assumed ur 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 puhl 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 (<1) 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 foc 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 intecest in said land; or (2) for such action as may be appropriate to establish the title of the estate or imecest 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 10 case knowledge shall (Ome to the In- sured of any claim of title or interest which is adverse to the title of the t'.~tate or in- terest or lien of the mortgagc as insured, or which might cause loss or damage for which the Company shall or may be liable by virtue of this policr, or if the [nsuced shall 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 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 Company of any de- fecI. lien or encumbr;\nce ijlsured against which shall come to the knowledge of the Insured. or if the Insurcd shall not. in writing. promptly notify the Company of any such rejection by reason of claimed un- marketability of title then all liability of Ihe Compan}' in regard to the subject matter of such aCtion, proceeding or matter shall cease and terminate; pcovided, however, th;lt failure to notify shaH in no case prciudice the claim of any Insured unless the Company shall be actu;tlly prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall nave rhe right at its own cost to institute and prosecute ,my 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 lieo of the mort- gage as insured; and the Company m;ty take any appropriate action under the terms of this policy whether or not it shall be liable thereunder and shalj not thereby concede liability or waive any provision of this policy. (d) In all cases where ttlis policy per- mits or requires the Compaoy to prosecule or provide for the defense of any action or proceeding, the Insured ;halJ secure to it the right (0 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 In5ured for such purpose. Whenever requested by the Com. pany the Insured shall give the Company all reasonable aid in any 5uch action or proceeding, in effecting seltkment, securing evidence, obtaining witnesses, or prosecu- ting or" defending such acti(lO or proceed- ing, and the Company shall reimburse the Insured for any expen~(,' so incurred. 5. NOTICE OF LOSS - LIMITATION OF ACTION In addition to the notices required under paragraph <1 (b), a statement in writing of any loss or damage for which it is claimed the Company is liahle under this policy shall be furnished to the Company within sixty days after such loss oC damage shall have been determined. and no right of action shall accrue to the Insured under this policy until thirty d3Ys nfter such statement shall have been furnished. and no recovery shall be had by the Insured under this policy unless action shall he commenced thereon within five years after {'xpiration of said thirty day period. Failure to furnish such statement of Joss or damage. or to commence such action within the time hereinbefore specified. ~hall be a con- clusive bar against maintenance by the In. sured of any action under tllis policy. 6. OPTION TO PAY, SETTLE OR COMPRO- MISE CLAIMS The Company shaIl have the option to payor settle or compromise for or in the name of the Insured any claim insured against or to pay th,- full amount of this policy, or, in case loss is claimed under this policy by the owner of the indebtedn(:"s_~ secured by a mortgage covered by this policy, the Company shall h)lve the option to purchase said indebtedness; such pur. chlise, payment or lender of payment of (Conditions and Stipulations Continued ond Concluded on Last Poge of This Policy) ~ TO 1012-16 Cont. C California land Ti~le Association Standard Covera~e Policy-1963 SCHEDULE B- (Continued) PART 1I 1. General and special county and city taxes for the fiscal year 1968-1969, a lien not yet payable. 2. A lease, affecting the premises herein stated, executed by and between the parties named herein, for the term and upon the terms, covenants and conditions therein provided, Type of Lease Not shown Dated ~une 15, 1954 Lessor Frances Archbold Hufty Lessee The Firestone Tire and Rubber Company, an Ohio corporation Term for the term of 10 years from August 1, 1954 upon the term, conditions and covenants therein provided Recorded January 14, 1955 in book 46633 page 83, Official Records Affects Said land The interest of the lessor was assigDed to the Equitable Life Assurance Society of the United States, a corporation, by assign- ment recorded January 14, 1955 in book 46633 page 93, Official RecOrds, as additional security for the indebtedness secured by the deed of trust hereinafter described. Case No. Nature of Action Affects Superior Court March 22, 1968 City of Arcadia, a Municipal corporation vs. Elizabeth Rowse Wilson, et al. 929015, County of Los Angeles public right of way Parcel 200 3. An action in the Commenced Entitled Notice of the pendency Recorded of said action was March 22, 1968 in book M-2807 page 805, Official Records ~ TO 1012-1-1056-1(:: C American Land rUle As~ociotion loan Policy Additional Covera~e_'962 0' Col1fornio Land Title Association Standard 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 northerly 100 feet measured at right angles to the northerly line of Lot 16 of Tract No. 5907, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book 63 page 67 o[ Maps, in the office of the county recorder of said county, included within the following described lines: 'J Beginning at the southwesterly corner of said Lot 17, said corner being on the west line of said tract; thence easterly . along the southerly line of said lot to the easterly line of of the westerly 17.00 feet of said lot; thence northerly along said easterly line 65.9 feet more or less to the beginning of. a tangent curve concave easterly and having a radius of 490.00 feet, the northerly continuation of said curve being tangent. to the easterly line of the westerly 17.00 feet of Lot 16 of said tract; thence northerly along said curve 51.5 feet more or less to its intersection with a non-tangent curve concave easterly having a radius of 494.5 feet, the southerly con- tinuation of last mentioned curve being tangent to the easterly line of the westerly 12.5 feet of said lot 17 and said last mentioned curve being tangent at its northerly terminus to the easterly line of the westerly 19.5 feet of said Lot 16; thence northerly along last mentioned curve 22.2 feet more or less, to the northerly terminus thereof; thence northerly along last mentioned easterly line to the beginning of a tangent curve concave southeasterly having a radius of 15.0 feet and being tangent at its northerly terminus to the northerly line of said Lot 16; thence northeasterly along last mentioned curve to its point of tangency with the northerly line of said Lot 16; thence westerly along said northerly line to the north- west corner of said lot 16; said corner being on the westerly line of said Tract j thence:,southerly along the y.resterly line of said tract to the point ':of beginning. . . TO~, VC ~;/ ',~~ ~1,,~ .~1fJJ~ ~~~ J~~/NlloM/ I1v~ f'~ /(/101"1/ pl?,,~ If: - jAfi5$ ~ ii,. I' '" !<!o.5;.P .~. "It'>' 83" .. ,:;,1(1. :'l :0" c.- Ny. ~ ~t. '-l;/~c-r-~ii: \ J I ~ ~ u c . ~ ~ii 4! 5L~ 6 ~ 7 8 ~ ~" '.3,;'/.007 :::~ ~ ~.., .., . . f: ~ . t9i t ~ ,. . l ' I ~:_~~JC :s"r~Il:)~: 1.1 II:::RL i'01;{ ~ ';N'~A-t~.drj3 ):"~lii :0?!(83 cd COI'i/~~ ~. <!' ,..:.p ~ ~ I 1d.5 ;, i v .~~--~:;8C. \f?14 1/ Ie II J;;~: ~J~~. ;8 ~ ") : ~ @?'7;:Ei "l ~ "~"ii"..... :;> I cd~,V i \:l ~-t ~,0> r.... ~ I t;;,~~"7 I 'J -.:' ':\;/r:7<,'.3.,;'8 //5.83.. .. " "//508,,- /' COI.6S ~ ~.($ .~. . N 8:7" 56" 070" tV < Q'~,dr ~r\ '-~~" . ~ - 9 \~ ~~ I{j \ \j. I "l. ~ , "l ~ ~\ TRACT Nfl:5907 MB-63 PG.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, together with all COStS, attorneys' fees and expenses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder, I n the eveot, 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 indebtecness 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 iltlOrneys' 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 com imposed upon the Insured in liti- ,gation carried on by the Company for the Insured, and all cosrs 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 removes .'iuch defect, lien or encumbrance within a reasonable time after n:<eipt 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 0'[ a defect, lien or encumbrance not excepted or excluded in this policy, until there has been a final determination by a coun of competent juris- diction sustaining such rejection. (d) All payments under this policy. ex. cept payments made for costS, attorneys' fees and expenses, shall reduce the amoum of the insurance pro tanto and no payment shall be made without producing this policy for endorsement of such paymenl 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 mort~age shown in Schedule B is an Insured herein then such payments shal I not reduce pro tanto the amount of the insurance afforded hereunder as {Q 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 (Overed by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mongage, except as pro- vided in paragraph 2 hereof. (e) When liability has been definitely fixed in accordance with rhe conditions of this policy the loss or damage shall be pay- ahle 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 nf said indebtedness or any part therenf. 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 ri.ghts 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 covec the loss of the Insured. the Company shall be subrogated to such rights and remedies in the proportion which said pay- ment hears to the amount of said loss. If @ loss should result from any act of the In- sured. such act shall not void this policy, but the Comp~lny, in that event. shall be required w pal' 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, quesCt:-d by the Company, shall transfer 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 sllch 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 persomd liability of any debtor or guarantor, or extend or otherwis{- modify the terms of payment, or release a portion of the estate or interest from the lit:O of the mortgage, or release :lilY col- lateral security for the imlebtedness. pro- vided such act does not result in any loss of priority of the lien of the mort,gage. 10. POLICY ENTIRE CONTRACT Any action or actions or rights of action that the Insured may have or may bring against the Company arising out of the status of the lien of the mortgage covered by this policy or the title of the estate or interest insured herein must be 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, rh{> Secretary, an Assistant Secretary or other nlidating officer of dl{' Company. 11. NOTICES, WHERE SENT All notices required to be givtn the Com- pany and any statement in writing rt"quired 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 An,l.:e1es 54. California. , 2. 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