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CERTIFICATE OF ACCEPTANCE
~~ 04077 rG 868
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 26, 1968 "
froin. or executed by Oscar R. McMahan and Doris M, McMahan ,
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 ~ecordation thereof by it. s duly authorized O!;iCers..I"
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, . i ty Mana Ci ty Engineer .
The document thus described is her~~~orm.
City A~
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C!TY'Ol1 ARCADIA
407
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U 04077 r G 86T
,.':; -....~ECORDfNG REQUE:STED BY
ANO/WHEN RECORDED MAIL TO
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RECOROED IN OFFICIAL RECORDS
OF LOS ANGELES COUNlY, CALIF,
FOR TITLE INSURANCE & TRUST co.
JUL 25 1968 AT 8 A.M.
RAY. E. LEE, County Recorder
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City Clerk I \ I
P.O. Box 60 0
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Nome
Slreet
Addrell
SPACE ABOVE THIS LINE FOR
.v I FREE ~ V J
RECORDER'S: USE
City &
SlateL
Arcadia, Calif.
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MAil TAX STATEMENTS to
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City of Arcadia
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Name
SIr"",
Addreu
City &
SIClleL
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I Grant Deed . I AFFIX I.R.S, S
THIS FORM FURNISHED BY TITLE INSURANCE ANO....TRUST COMPANY
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FOR A VALUABLE CONSIDERATION, r~cei~f which is hLI~~:knowledged,
OSCAR R. MC MAHAN and DORIS M. MC MAHAN and DEPARTMENT OF VETERANS AFFAIRS OF THE
STATE OF CALIFORNIA -
,JJ~n;;eb,"~<>>) to the CITY OF ARCADIA a Municipal Corporation, .
.]1. /1'1 FEe '
C(!! ' BE. eaS8.HlsRt for public street and road purposes, to become a part of and to be known,
as Baldwin Avenue, in, on, upon and across
.....n ABOVE
TO 405 C (4.67)
the following described real property in the
County of 'Los Angeles
City of Arcadia
, State of California:
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The easterly l2.00 feet of the South 48.00 feet of the North 100 feet of the East
136 feet of Lot 1 in Block "H" of Santa Anita Land Company's Tract, in the City of
Arcadia, County ~f Los Angeles, State of California, as per map recorded in Book 6,
Page 11 of.Miscel1aneous Records, and in Book 6, Page 137 of Maps, in the office of
the County Recorder of said County.
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DOCUMENTARY TRANSFER TAX $Jd4."m.,:..'"''
Title Insurance dnd
MJi.uJ Trust Compa2-
'~~lED - PA~f/OR AGENT ~:_
As instructed by ..~... r!:f:m..-..-...- -:-
PUBLIC AGENCY - NO TAX STATEMEW
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STATE OF CALTFORNTA }
COUNTY OF LOS ANGELES 55,
On ? - 2 ,:; - /"'i")' be!o," me, tbe under,
signed, a Notary Public in and for said State, personally appean'd
Oscar R. McMahan and Doris M. McMahan
. known to me
to he the person~whost: name s are subscrihed to the within
indrl1,.....,nt <>,.,.-1 "....1.,.,,,"'1...-1....,,,1 .l..., thev ~~G~...~,I .\._ ~~~_
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GRANT . DEED
GRANT DEED
Title Insurance
and
Trust Company
Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SERV1CE
WITH ONE LOCAL CALL
COMPLETE STATEWIOE TlTLE SERVICE
WITH ONE LOCAL CALL
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ST A IE. OF CALIFORNIA
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County of Sacramento
On:'October 22, lq6~ 19XXlL
per..nallyappedred G. J. Z IS ER
wit~~n instrume,n. on beho'lf of tho Department of
that"such doportnlent ,executed the; same.
* . KATHRYN HAENGGI
-b' 'NOTARY PUBLIC . C~lIFORNIA
, ~, .' COUNTY OF SACRAMENTO
. ,My com~issi~n expires" Apr. 2, 1969
T ,,":n. Acknowledgement - Authorized Officer
before ~.th. unde.rsigned, 0 ,Notary Pu~lic in and fo~ s~id County and'State..
, ~nown to me to b~ an authorized officer who o?Cocuted the
V.terans Affairs of the Stat. of California therein no , and acknowledged
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CERTIFICATE OF ACCEPTANCE
~ K 0421 0 r G 377
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 October 22, 1968 , from or 'executed
by Dept. of Veterans Affairs of the State of California , 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.
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Ci ty Engineer
Thed~cument thus described is hereby approved as to form.
~
' 1 ty ttorney
RECORDING' REQUESTED BY
llOOU
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B ~ U4i I U P G 376
CODE 610d
CITY'OF ARCADIA, a municipal
corporation
AND WHEN RECORDED MAIL TO
RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY, CALIF.
I
CITY OF ARCADIA, City C1erk-'
MICII.' 1:' - liI6H'fS8MERY
All _h .... '_..n
.GJS r St'ABg St.~ Suite IntO
l..~s All! <:.kA. CC]lI:r ~n~H 4 I
p,O, Box 60, Arcadia, Ca1ir.-
25 ~~~i 1 P.M. NOV29!1968
RAY E. LEE, County Recorder
NClme
Street
Address
City &
State L
SPACE ABOVE THIS LINE FOR RECORDER'S USE
MAIl TAX STAUMENTS TO
NClme
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City of Arcadia
240 West Huntington Drive
Arcadia, California
I
Street
Addreu
City &
State l_
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(FREE ~Sl
TO 402 CA (9-66)
.Quitclaim Deed
AFFIX $
I. R. ,STAMPS ABOVE
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
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FOR A VALUABLE CONSIDERATION, receipt of which ,is hereby acknowledged,
DEPARTMENT OF VETERANS AFFAIRS OF THE STATE OF
CALIFORNIA
hereby REMISE(S), RELEASE(S) AND FOREVER QUITCLAIM is) to
CITY OF ARCADIA, a municipal corporation
the following described real property in the ci tyof Arcadia
> . state of California:
county of Los Angeles
:
The easterly 12.00 feet of the south 48.00 feet of the
north 100 feet of the ~ast 136 feet of Lot 1 in Block "H"
of Santa Anita Land Company's Tract, in the city of Arcadia,
county of Los Angeles, state of California, as per map
recorded in book 6 page 11 of Miscellaneous Records and in
book 6 page 137 of Maps, in the office of the County Recorder
of' said county.
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Dated
October 22
, 1968.
DEPARTMENT OF VETERANS AFFAIRS OF
THE STATE 0 CALIFORNIA
By
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STATE OF CALIFORNTA
COUNTY OF
}ss
. . G!. J. Z- SER
As~s:i"st'arit' lfan:a~fer':%in"d'rACuthor i zed
Officer of Department of Veterans
Affairs of the State of Californi
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On before me, the under-
signed, a Notary Public in and for said State, personally appeared
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to he the perSOlL---- whose name
, known to me
subscribed to the within
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QUITCLAIM
DEED'
Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL.
..-: - ;~~ ..
QUITCLAIM
DEED
Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SERVICE
WITH ONE LOCAL CALL
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MARK H. BJ...OODGOOO
AUDITOR.CONTROLLER
, , .
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
153 HALL OF ADMINISTRATION
LOS ANGELES. CALIFORNIA 90012
625-3811
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March 28, 1969
City of Arcadia
240 West Huntington Drive
Arcadia, California 91006
Attention: Robert D. Ogle
City Attorney
Re: Baldwin Avenue
Parcel No. 6
Gentlemen:
JJ- It to.
RECEIVED
APR - 2 1969
CITY OF ARCADIA
CITY. ATTORNEY
Pursuant to y"ur letter dated September 23, 1968,
tax<os have been cancell.cd in accc,rdance with Section
4986 "f the Reven'.le and Taxation CDde. This cancel-
lation was order"d by the Honorable Board of S".lper-
visors Jan. 14, 1969 by Auth"rization No. 07757.
Very truly y'urs,
~ffi~~ ~::A:=Oller
BY J. ~ :':ssarella, Chief
- "-
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Tax Division
JRPjEHP/ejri
,
ROBERT A. GILL
CHIEF DEPUTY
J. R. PASSARELLA, CHIEF,
TAX DIVISION
""
.CITY COUNCIL
DON W. HAGE
MAYOR
City of Arcadia
C. ROBERT ARTH
MAYOR PRO TEM
EDWARD L. BUTTERWORTH
ROBERT J. CONSIDINE
JAMES R. HELMS. JR.
-I
240 WEST HUNTINGTON DRIVE
ARCADIA, CALIFORNIA
LYMAN H. COZAD
CITY MANAGER
CHRISTINE VAN MAANEN
CITY CLERK
September 23, 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. 6
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
Enc.
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MAILING ADDRESSES
CITY HALL P. O. BOX 60 91006
LIBRARY 20 W. DUARTE ROAD 91006
POLICE DEPARTMENT P. Q. BOX 60 91006
FIRE DEPARTMENT 710 S. SANTA ANITA AVE. 91006
TELEPHONES
446.4471 . 681.0276
446.7111
447-2121
446-2128
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TO 1012 FC (7.b8)
C"liforni" L<'Ind Title Assod<'ltion
St<'lnd<'lrd Cover"ge 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 jf a corporation, its successors by dissolution, merger or consolidation,
against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys'
fees and expenses which the Company may become obligated to pay as provided in the Conditions and
Stipulations hereof, which the Insured shall su~tain 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 dare hereof. not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or
2. Unmarketabiliry of such title; or
3. Any defect in rhe 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 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;
b. h ""'-'~h1\.'-'\\.\".. f Seh d I A B d C d h Cd' d S' I
all su Ject, ow~er;;:.to t e prOVISIon, 0 e u es , an an to t e on itlOns an trpu atlons
hereto annexed?"' ....~Ct: AND r~(;, \\11
- ~r 0000000 '.$' I
ff -\> ooO~~ '5 PRO~oo l' I,
JIll"!' 0 00 ~ .o.g.(r1:tIt, "".on 0 I f
;; ~ o.~ I;f.q. -e;(jttE1Jlh~Jf{"/tneJSC~hereo 1 Title Insurance and Trust Company has caused its
:-!..... 0...... ~ 1':.. <,,0 -? 'J
~ ... 00 J..:, q. comorate1rfume and seal to be hereunto afhxed by Its duly authonzed offICers
"'...... ~ ~,)r\~,-v -0 ~
~ ~ g~ ~C-~- l"~~e~a&r,?:nt Schedule A.
~ I- 0 /~1t..~~ 1\il 0 -< ;;!
~ ~.:. ~g..::~ J,IJ.,'Q1 i Title Insurance and Trust Company
'I. .{I oooSo", -';' -. "J;-~"'oo >} *
I, <ol!'s...---- .,.'<'OL. ::::
'1 0 oOo",qTE ',S (,"000 ,...': ~ /
'11\ '.$' 4;0000000 C~v .: by /-.;~ ~
\\\\" GELES, ~~ 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 reference, in Schedule C and
improvements affixed thereto which by law
constitute real property;
(b) "public records": those records
which impart constructive notice of matters
relating to said land;
(c) "knowledge": actual knowledge, not
constructive knowledge or notice which
may be imputed to the Insured by reason
of any public lecords;
(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 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 not limited (0
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 erectee!
on said land, 0r prohibiting a separation in
ownership or a reduction in rhe dimensions
or area of any lot or parcel of land.
(11) Governmental rights.of police power
or eminent domain unless notice of the
exercise of such rights appears in the public
re((mls at the date hereof.
(c) Title to any property beyond the
lines of the land expressly described in
Schedule C, or title to streers, roads, ave-
nues, lanes, ways or waterways on which
such land abuts. or the right to l1lainrain
therein vaults. tunnels, r:lmp~ nr any other
structure or improvement; or any rights or
easements therein 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 highway~ thi~ policy insures
the ordinary rights of ahuttin~ owners for
access to one of stich streets or highways.
unless otherwise excepted or excluded
herein.
(d) Defects, liens, encumhrances, 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
C]aimam either at the date of this poljcy
or at the date such Insured Claimant ac-
quired an estate or interest insured by this
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 ro the date of this policy; or (3)
resulting in no loss [0 the Insured Claim-
ant; or (4) attaching or created subsequenr
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 ~a]e 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 esrablish 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 detcrmination in
the court of last resort.
(b) In case any such action or proceed-
ing shall be hegun, 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 Inss or damage for
wbch the Company shall or may be liable
by viLtue of this policy, or if the Insured
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 cuntracts 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 ride 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 Insur~d shall not, in writing,
promptly nOtify the Company of any de-
fect. lien or encumbrance insured against
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 tide. then all liabi]ity of
the Company in regard to the subject matter
of such action. proceeding or matter SI;:l11
cease and terminare; provided. however,
that f:Jilure 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 t,l the ex!(;'nt
of such prejudice.
(c) The Company shall have the right
at its own COSt to institute and prosecute
any action or proceeding or do any other
act which in its opinion may be necessary
or desirable to establish the title of the
estate or inlerest or the lien of the mort.
gage as insured; and rhe Company may
lake any appropriate action under the terms
of this poliq whether or not it shall be
liable thereunder and shall nOl therehy
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 proceeding, the lnsured 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
oplion, the flame of the Insured for such
purpose. Whenever requested by the Com-
pany the Insured shall give the Company
aU reasonable aid in any such action or
proceeding. in effening settlement. securing
evidence, obtaining witnesses, or prosecu-
ting o{ defending such action or proceed-
ing, and the Company shall reimburse the
Insured for any expense so incurred.
S. NOTICE OF LOSS - LIMITATION OF
ACTION
In addition to the notices required under
paragraph 4(b), a sratement in writing of
any loss or damage for which it is claimed
the Company is liable under this policy
shall he furnished to rhe Company within
sixty days after such loss or damage shall
have been determined. and no right of
action shall accrue to [he 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 he
commenced thereon within five years ,!fter
expiration of said thirty day period. Failure
to furnish such starement of loss or damagl',
or to commence such action within the
time hereinbefore specified. shall be a con-
clusive har 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 amount of this
policy, or, in case loss is claimed under this
policy by the owner of the indebtednl'ss
secured by a mortgage covered hy [his
policy, the Company shall have the option
ro purchase said indebtedness; such pur-
chase, payment or tender of payment of
(Conditions and Stipulations Continued and Concluded on Lost Page of This Policy)
A
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110
TO 1012.) AB C
California land Title Association
Standard Coverogo Pollcy-1963
SCHEDULE A
Premium $1-( 0 . 0 'D
Amount $ 2,000 . 00
Effective
Date July 25, 1968 at 8 a.m.
Policy No, 6725969
INSURED
CITY OF ARCADIA, a municipal corporation.
1. Title to the estate or interest covered by this policy at the date hereof is vested ill:
CITY OF ARCADIA, a municipal corporation.
2. The estate or interest in the land described or referred to ill 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 us 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 arc 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 arc 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.
so
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TO l012-1B Cont. C
California Land Title AuoclatJon
Standard Coverage Pili icy_I 963
S C H E D V L E B - (Continued)
PART II
1. General and special county and city taxes for the fiscal
year 1968-1969, a lien not yet payable.
For the fiscal year 1967-1968,
Second Installment $128.35 plus penalties, Parcel No.
5383-24-24.
2. An easement affecting all of said.land and for the purposes
stated herein, and incidental purposes,
In Favor Of Santa Anita Land Company
For pipe lines
Recorded in book 2514 page 225 of Deeds
And Recorded in book 2577 page 297 of Deeds.
3. An action
Commenced
Enti tled
in the Superior Court
February 7, 1968
City of Arcadia, a municipal corporation,
versus, Britta L. Albert, et al
. 926351, County of Los Angeles
Action: to condemn real property
Parcel 6.
Case No.
Nature of
Affects
Notice of the
Recorded
pendency pf said action was
February 9, 1968 in book M 2772 page 966,
Official Records.
4. The folloWing provision of the deed from Oscar R. McMahan
and Doris M. McMahan and Department of Veterans Affairs of the
State of California to The City of Arcadia, a municipal corpo-
ration, recorded July 25, 1968 as Instrument No. 407, "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."
TO IOI2-1-1056-1C C
American land Title Association loan Policy
Additional Coverage-1962
0'
California lond 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:
The easterly 12.00 feet of the south 48.00 feet of the north
100 feet of the east 136 feet of lot 1 in block "H" of Santa
Anita Land CompanYjs Tract, in the city of Arcadia, county of
Los Angeles, state of California, as per map recorded in book
6 page 11 of Miscellaneous Records, and in book 6 page 137 of
Maps, in the office of the county recorder of said county.
.
-- ~
TO 2:34 VC'
SAN~ ANITA
BLOCK 1-1
LAND COMPANY:5
M 86-137
7PACT
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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 fuIl amount of this policy, together
with all costS, attorneys' fees and expenses
which the Company is obligated hereunder
to pay, shall terminate a1l 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 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,
J.1l costs imposed upon the Insured in ] iti-
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 removes
such defect, lien or encumbrance within a
reasonable time after receipt of such notice.
or '(2) for liability voluntarily assumed by
the Insured in settling any claim or suit
without written consent of the Company,
or (3) in the event the title is rejected as
unmarketable because of a defect, lien or
encumbrance nm 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 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 shall
be furnished to the satisfaction of the Com-
pany; provided, however, if the ov.'ner 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 bereof.
(e) When liability has been definitely
fixed in accordance with the 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 ()[ 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 he 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 hy 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-
affec[('d hy any act of the Insured, and it
shall be subrogated to and be entitled to
all rights and remedies which the Insured
would have had against any person or prop-
erty in respect to such claim had this policy
not been issued. If the payment does not
cover the loss of the Insured, the Company
shall be subrogated to such rights and
remedies in the proportion which said pay-
ment hears to the amount of said loss. If
@
loss should result fnH11 any act of the In-
sured, such act shall not void this policy.
hut the Coml-lany. in that event. shall be
reguired to pay only that p.lrt 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 subrog<ltion. The Insured, if re-
quested by the Company, shall transfer to
the Company all rights and remedies
against any person or property necessary in
order to perfect such right of subrogation,
and shall permit [he 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 persona] 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 indehtedness, pro-
vided such act does not result in any loss
of ptiority 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 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 [he President, a Vice President, the
Secretary, an Assistant Secretary or other
\'alidating officer of the Companr.
11. NOTICES, WHERE SENT
All notices required to be givl:"n the Com-
pany and any statement in writing rl:"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 Angeles 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
TO 1012 FTC (7-bS) .
C"liforni" LMd Title AS$oc.i"tion
St"ndord Coveroge' Policy Form
Copyright 1~63, '
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POLICY Of. TITLE 'INSURANCE'
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" I~SUED BY
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Title Insurarice and Trust Company
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Title Insurance and Trust. Company, a Calif9rnia corporation, herein called the Company, for a valuable
consideration paid for this policy, the number, the' effective date, and amount of which are shown ih
'Sch~dule' A, herebY' irisures the parries naq1ed a~, In~ured in Schedule A, the: heirs, d~vi~ees...persona:i'
representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation,
against'lo~s or' damage .'not exceeding the amount stated in Schedule A, together with costs, attorneys'
fe~s an~ expenses which the Compa'ny m~y become'.obligated to, pay ,~s provided.'i~ the Conditions and
Stipu~~ti6ns ?ere6( Which the Insured shall'sustain by reason of: ' , . :'::'_' : - ~ '.. ...
'.
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'1. - Any - defecr in or lien or encumbrance on the title to the _estate or interest covered, hereby in the ,
land described or r~ferred -to in Schedule. C, existing at the date hereof, not shown or referred to ,
in Schedule B~ or e~c1uded from coverage in Schedule B or in the:.~ondi[ions arid Stipulations;' or
2. Unmarketability of s.uch title;' or
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3. Any defect i~ [he e~ecution of a~y, mortgage .sh~wn in Schedul; B' securing a~ indebtedness, t.he
t - . 'I
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 intetest referred to in tJ-iis policy; or
" . -" " .
"
..I. Priority ovet.said mortgage,;[ the'date hereof,.of any lien or encumbrance not shown or referred'
to in Schedule Bt or excluded fro~ ~overage in the. Conditions and Stipulations, said mortgage.
being .showo' in Sche,dule Bin' Jhe Qrder o(irs. pr~ority; .
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" b' " 'h ': "'::"';;:'~h"-'\.'\.\.\.~'" f Sch" 'd I A B d C d h C d" d S' I '
all su )ect, owever:- to t e nrOVlSlons 0 e u es , '~n. an 'to t e on ItIons an tlpU atlOns
-" "'E ANO r -"\ '
hereto'annexed~ ...~... R',^ \\1' ' '" ' ,
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,:::;- Co ooQ~O -t>{I:b~*, J"bPn <:> j ,
;t ~ o.~ q.'" ~1J'U:11In' Wltness:.~hereofJ .Tltle Insurance and Trust Company has caused its
JI! ..... '02d" . 'W,' <" 0_ '4 rJ ' " " '
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III <'0 00~"4":E IS G\}~oO ~'.5
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: \\\\ NGE:LES. ..;:S:'
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, by
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PRESIDENT
Attest
Copy of Policy' ,
No additional liability 'assumed
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;
(e) "kno~,r1edge": actual knowledge, not
constructive knowledge or notice which
may he imputed to the Insured by reason
of any public records;
(d) "date": the effective date;
(e) "mortgage": mortgage, deed of trust,
trust deed, or other security instrument; and
(f) "insured": the party or parties named
as Insured, and if. the owner of the in-
debtedness secured by a m~rtgage 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 ,whjc~", 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 provi_sions hereoF..
.'
2. BENEFITS AFTER ACQUISITION OF TiTlE
If an insured owner o'f 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 Qr 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 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)n the'dimensions
or 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
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 o~ waterways on which
such land abuts, or the right to mainta'in
therein vaults, tunnels, ramps or any other
structure or improvement; or any rights or
easements therein unless this policy specific-
ally provides that such property. rights or
easements are insured, except that. ,if die.
land abuts upon one ill" more, physically
open streets or highways this policy insures
the ordinary rights of abutting owners for
access to one of stich streets _or highways,
unless otherwise excep'kd .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 eitht:r 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 records,
,unless disclosure thereof in writing hy 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 qeated subsequent
to ,the date hereof.
(e) Loss or damage which would nOt
have been sustained jf 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, ,\Yhich litigation or action
. in any of such ev'ents is founded upon an'
,alleged defect, lien or encumbrance in-
sured against by this policy, and may pur-
sue any litigation to fin'al determination in
the court, ,of last reso~(, '.. "
(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 tide 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
w/;ich the Company shall or may be liable
by virtue of this policy, or if the Insured
shall in good faith contract to seJl the in-
debtedness secured br a murtgage cuvered
by this policy, or, i an Insured in good
faith leases or contracts to sell, lease or
mortgage the same, or if the successful I'
bidder at a foreclosure sale under a -mort..
gage covered by this policy refuses to pur-
chase and in any such event the tide 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 p]ead-
ings or if the Insured shall not, in writing,
promptly notify' the Company of any de-
fect. lien or encumbm.nce insured a~ainst
'-which shall-come to the knowledge of the
Insured. ()r 'if the Insured shall not. in
writing. promptly notify, the Company of
any such rejection by ,reason of claime<i 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 {erminate; provided, however.
that failure to notify shaJJ 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 ha,;e the right
at its own' cost to'institute aod' 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
~ake 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 policy per-
mits or requires the Company to 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
aU reasonable aid in any such action or
proceeding, in effecting settlement, securing
evidence, obtaining witnesses, or prosecu.
ting or" defending such action or proceed-
ing, and the Company shall reimburse the
Insured for any expense so incurred.
S. 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.' ~nd ria right of
action"shaJl, 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 he
commenced thereon within five year.~ after
expiration of said thirty day period. Failure
[Q furnish such statement of loss or damagt"
or to commence such action within thl'
time hereinbefore specified, shall be a con-
clusive bar against maintenance by the In-
sured of any action undl'r 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 alllOunt of this
policy, or, in case loss is claimed under this
policy by the owner of the indebtt:dne.~s
secured by a mortgage covered hy this
policy, the Company shaH have the option
to purchase said indebtedness; such pur-
chlise, payment or tender of payment of
(Conditions ond Stipulations Continued and Con~'luded on Lost Page of This Policy)
~
-
TO 1012-1 AS C
California lend Title Association
Standard Coverage Poli<;y-1963
S C H E DU LEA
,.....
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P , $ II
, rem] urn
, "
Amount $ 2,000.00
Effective
Date July 25, 1968 at 8 a.m.
Policy No. 6725969
INSUHED
CITlr!' OF ARCADIA. a municipal corporation.
1. Title to the estate or interest covered by this pol~cy at the date hereof IS vested In:
CITlr!' OF ARCADIA, a municipal corporation.
~
'.
~' The estate or interest in the land described or referred to m Schedule C covered by this policy is
a fee.
SCHEDULE B
This policy does not msure 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 nre not shown by the public records hut which could be
ascertained by an inspection of said land .or by making inquiry of persons in possession thereof.
3. Easements, claims of easenlCnt or encumbrances w~ich arc 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 t.he public records.
5. Unpotcntcd mining claims; reservations or exceptions in patents or in Acts authorizing the issuance
thereof; water rights, claims or title to water.
.r
...
'--
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. TO 10'12-1B Cont. C
California Land Tifle Anoc:latlon
Standard Coverage Pollcy-1963
SCHEDULE B- (Continued)
PART II
1. General and special county and city taxes for the fiscal
year 1968-1969. a lien not yet payable.
For the fiscal year 1967-1968,
Second Installment : $128.35 pluG penalties, Parcel No.
5383-24-24.
,
,
2. An easement affect1ng all of said land and tor the purposes
stated herein. and incidental purposes,
In Favor Of : Santa AnUa Land Company
For : pipe lines
Recorded: in book 2514 page 225 of Deeds
And Recorded : in book 2577 page 297 ot Deeds.
Case No. :
Nature of Action:
Affects :
3. An action in the Superior Court
Commenced : February 7. 1968
Entitled ': City ot Arcadia. a municipal corporat1on.
versus ~itta L. Albert. et al
926351. County of Los Angeles
to condemn real property
Parcel 6.
Notice of the pendency pf said action was ,
Recorded : February 9. 1968 1n book M 2772 page 966.
Official Records.
4. The following provision of the deed trom Oscar R. 14cMahan
and Doris r4. McrlJahan and Department of Veterans Atfairs of the
State of california to The City of Arcadia. a municipal corpo-
rat1on. recorded July 25. 1968 as Instrument No. 407. "Grants
to the City of Arcad1a. a municipal corporation. in fee. tor
public street and road purposes. to become a part of and to be
kno~na8 Baldt11n Avenue. tI
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T() 1012-]-1D.56-1C C
American land TItle Association loon Policy
Additional Coverage-1962
0'
California land TItle Association
Standard Coverage Potlcy-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:
The easterly 12.00 feet or the soutb 48.00 fect of the north
100 feet of tbe east 136 feet of lot 1 1n block "no of Santa
Anlta Land ccmpany;s Tract, in the city of Arcadia, county of
Los Angeles, state of california, sa pel' map recorded in book
6 page 11 01' IUacellaneous Records, and In book 6 page 131 of
f.~P&, In the office of'the county recorder of eaidcounty.
..
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,
CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
lhe full amount of this policy, together
with all cosrs,'- attorney~' 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 aClua} 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,
~1I costs imposed upon the Insured in liti-
gation carried on by the Company for the
Insured, and all costs and attorneys' fees in
lirigation carried on by rhe Insured with
rhe 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 _Dr excluded herein removes
such defect, lien or encUmbrance within a
reasonable time after receipt of such notice,
or '(2) for liability voluntarily assumed by
the Insured in settling any claim or suit
without writren consent ,of the Company,
or (3) in the event the ticle is rejected as
unmarketable because o"f a defect, lien or
encumbrance not excepted or excluded in
this policy, until there has been a final
determinarion. .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 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 shall
be furnished to the satisfaction of the COI;'-
pany; provided, however, if the owner' of
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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 rhe 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 rhe 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 ar priority af
any martgage shown or referred to in
Schedule B hereof or any mortgage ,here-
after executed by the Insured which is a
charge ar lien an 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 patagraph numbered 8
shall not apply to an'lnsured owner of an
indebtedness ,secured by a mortgage shown
in Schedule)~ unless.such Insured acquires
title to said e5'tate or interest in satisfaction
of said indebtedness or ~ny part thereof.
9. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whenever the Company shall have sertled
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
cover the loss of the Insured, the CompilOY
shall be subrogated to such rights and
remedies in the proportion which said pay-
ment bears to the amount of said loss. If
,
loss should resulr from any act of the In-
sured, such aCt shall not void ,this' policy.
but the Company,. in that event. shall be
require"d to pay only that part of any lasses
insured against hereunder which shall ex.
ceed the amount. if ,my, lost to the Com-
pany by reason of t~e impairment of {he
right of suhro,gation'.';'-' The Insured, if ,re-
quested by the Company, shall transfer to
the Coillpany all rights and remedies
against any person or property necessary in
order to perfect such right of subrogation,
and shall permit rhe Company to use the
name of the Insured in any transaCtion or
litigation involving such rights or remedies.
If the Insured is the awner of the in.
debtedness secured by a mortgage covered
by this policy, such Insured may release or
sl.!bsritutc rhe personal liability of any
debtor or guarantor, Dr extend or otherwise
'modify the terms of payment, or release
a portian 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 nor result in any loss
of prioriry of the lien of the mortgage.
10. POLICY ENTIRE CONTRACT
Any action o( actions or rights of action
that the Insured may have or may bring
against the Company arising out of the
status of the lie.n of the mortgage covered
by rhis policy or the title of the estate or
interest insured herein, must be based un
the provisions - of . this policy.
No provision' ~r condition of this policy
can be waived 'or changed except by writing
endorsed hereon or attached hereto signed
b~. the President; a Vice' President, the
Secretary, an Assistant Secretary or or her
validating offi~er ,of the Company,
11. NOTICES, WHERE SENT
. All notices required to be givt"n rhe Com-
pany and any statement in writing required
to be furnished the Company shall be ad.
dressed to it ar 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.
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Title Insurance ~:nd Trust Company
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