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CERTIFICATE OF ACCEPTANCE
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This is to certify that the interest in real property conveyed or transferred
to the City of Arcadia, a municipal corporation, by the deed, grant, conveyance
or instrument dated April 10, 1968 , from or executed
by Marie Cook , 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. ...., fl' /
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City Man City Engineer
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The document thus described is hereby
approved as to form.
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RECORDING REQUESTED BY
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, (,~ CITY OF ARCADIA
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RECOROEO IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY, CALIF.
FOR TITLE INSURANCE & TRUST CO.
SEP 25 1968 AT 8 A.M,
AND WHEN RECORDED MAIL TO
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Nom.
City Clerk
. .P..O.Box 60
L67~Yit~a'A Cilkt..:s
RAY E. LEE, County Recorder
Strollt
Addreu
City &
State
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SPACE ABOVE THIS LINE FOR RECORDER'S USE
MAIL TAX STATEMENTS TO
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NClme Ci ty of Arcadia
City &
StateL
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..JFREEUSI
Tax statement
Strollt
Addreu
Free recording essential
according to the
city of Arcadia see Gov.C
6103
Public Agency-No
Grant Deed
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AFFIX I.R.S. S ...../:. "S- .......... 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,
MARIE COOK
hereby GRANT(S) 10 the CITY OF ARCADIA, a Municipal Corporation,
in fee for public street and road purposes, to become a part of and to be known as
Baldwin Avenue, in, on, upon and across
the following described real property in the City of Arcadia,
Counlyof Los Angeles , Slale of California:
That portion of the south half of Lot 386 of Tract No. 6561, in the City of Arcadia,
County of Los Angeles, State of California, as per map recorded in Book 72, Pages 34
and 35 of Maps, in the office of the County Recorder of said County, included within
the following described lines:
Beginning at the southeast corner of Lot 383 of said Tract; thence westerly along the
southerly line of said Lot 383 to the beginning of a tangent curve, concave northwesterly
having a radius of 15.00 feet, said curve being tangent northerly to the westerly line
of the easterly 15.5 feet of said Lot 383; thence northeasterly along said curve to said
westerly line; thence northerly along said westerty line a distance of 177.5 feet; thencel
northerly in a direct line to the point of intersection of the westerly line of the
easterly 12.00 feet of Lot 386 of said Tract with a line drawn at right angles through
a point in the northerly prolongation of the westerly line of said easterly 15.5 feet >-- >-'
of said Lot 383 and distant northerly along said line and prolongation 300.00 feet from 00 m
a
the northerly terminus of said curve; thence northerly along the westerly line of said E w
easterly 12.00 feet to the northerly line of said Lot 386; thence easterly alorig said t ~
northerly line to the easterly line of said Lot 386; thence southerly along the easterly g 6.
line of said Lots 386, 385, 384 and 383 to the point of beginning. -
Daled
April 10, 1968
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Marie Coo
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STATE OF CALIFORNIA }
COUNTY OF LOS ANGELES 55.
On ~il 10, 1968 before me. the under-
siO"ned a Notary Public in and for said State. personally appearer!
o , Marie Cook
ANSF
ICL~
S!GNED . PARTY OR AGEN~...~~nono.
Title Insurance and
Trust Company
to he the person_whose narllf'
. known to me
is subscrihed to the within
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GRANT DEED
GRANT DE~D
Title Insurance
and
Trust Company
. Title Insurance
and
Trust Company
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COMPL.ETE STATEWIDE TlTL.E SERVICE
WITH ONE L.OCAL. CAL.L.
COMPL.ETE: STATEWIDE TITL.E SERVICE
WITH ONE L.OCAL. CAL.L.
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MARK H. BLOODGOOD
AUDITOR.CONTROLLER
>>- /t" 9.5-
COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
ROBERT A. GILL
CHIEF DEPUTY
153 HALL OF ADM1N1STRAT10N
LOS ANGELES. CALIFORNIA 90012
625-361 I
\
J R. PASSARELLA, CHIEF.
TAX DIVISION
May 19, 1969
Ci ty of Arcadia
240 West Huntington Drive
Arcadia, California
Attention: Robert D. Ogle
Ci ty Attorney
RECEIVED
MAY 20 1969
CITY OF ARCADIA
CITY ATTORNEY
Re: Baldwin Avenue
Parcel No. 113
Gentlemen:
Pursuant to your letter dated October 8, 1968,
taxes have been cancelled in acc.,rdance with Section
4986 of the Revenue and TaxatiC'n Code. This cancel-
lation was ordered by the Honorable I)oard of Super-
. ,visors Feb. 4, 1969 by Authorization No. 08218.1.'
Very truly ycurs,
MARK H BIDODGOOD Auditor-Contraller
zk'
By J. R. Passarella, Chief
Tax Division
JRP/EMP/ejd
CITY COUNCIL
DON W. HAGE
MAYOR
City of Arcadia
C. ROBERT ARTH
MAYOR PRO TEM
EDWARD L. BUTTERWORTH
ROBERT J. CONSIDINE
JAMES R. HEL.MS. JR.
-I
240 WEST HUNTINGTON DRIVE
ARCADIA, CALIFORNIA
LYMAN H. COZAD
CITY MANAGER
CHRISTINE VAN MAANEN
CITY Cl.ERK
October 8. 1968
Mr. John R. Passarella,
500 West Temple Street,
Los Angeles, California
Auditor-Controller
Room 153
90012
Attention: Eleanor Parker, Tax Cancellation Section
Subject:
Request for Cancellation of
Baldwin Avenue Parcel No.
Taxes
11"\
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 eo 91006
LIBRARY 20 W. DUARTE ROAD 91006
POLICE 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
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TO 1012 Fe (7-b8)
C~liforni", L(lnd Tifle Associ(lfion
Stltnd",rd Coveroge 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, together with COSts, attorneys'
fees and expenses which the Company may become obligated to pay as provided in the Conditions and
Stipulations hereof, which the Insured shall sustain by reason of:
1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the
land described or referred to in Schedule C, existing at the date hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or
2. Unmarketability of such title; or
3. Any defect in the execution of anYt mongage 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;
all subject, howev<!r;:-1S'1~))~)}sj(\n\ of Schedules A, Band C and to the Conditions and StipulatiOns
hereto annexea~~~c.E AND rR;.' \\\1
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~ ,., 00 J...:. * cornorate1rfame aii'd. seal to be hereunto affixed by its duly authOrized officers
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~ i::! gl.-,,-_"""-""L onRre~,,&~<;!.w~ Schedule A.
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Title Insurance and Trust Company
by
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PRESIDENT
Attest
CJLv lif-~
SECRETARY
CONDITIONS
AND
STIPULATIONS
1. DEFINITION OF TERMS
The following terms when used in this
policy mean:
(a) "land": the land described. specific-
ally or by n:fert:nce, in Schedule C and
improvements affixed thereto which by law
constitute real property;
(b) "public records": those records
which impart cons(fuctive notice of matters
relating to said land;
(c) "knowledge" actual knowledge, not
constructive knowledge or notice which
may he imputed to the Insured by reason
of any public records;
(d) "dale": 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 jn
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, Qr 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 rh{.'rcoF,
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 govt.'rnmental
regulation (including but not jimited 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 e[(.cted
on said land, or prohibiting a separation in
ownership or a reduction in lhe dimensions
or area of any lor 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
re(nrds 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, Janes, ways or waterways on which
such land abuts, or the right to maintain
therein vaults, mnnels, ramps or any orher
structure or improvement; or any rights or
easements therein unless this policy specific-
ally provides thar such property. rights or
e;aseme;nts are insured, except that if the
land abuts upon one or more J~hysically
open str(:ets or highways this policy insures
the ordinary rights of abutting owners for
access to one of stich streets or highways.
unless otherwis(- excepted or excluded
herein.
(d) Defects, liens, encumbrances, adverse
claims against the title as insured or other
matters (1) created, suffered, assumed or
agreed to by the Insured cl.1imin,g Joss 0)"
damage; or (2) known to the Insured
C1aimam 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 [he public records,
unless disclosure thereof in writing hy the
lnsured shall have been made to the Com-
pany prior to the date of this policy: or (3)
resulting in no loss to the Insured Claim-
ant; or (4) attaching or created subsequent
to the date hereof.
(e) loss or damage which would not
have been sustained if the Insured were a
purchaser or encumbrancer for value with-
out knowledge.
4. DEFENSE AND PROSECUTION. OF ACTIONS
-NOTICE OF CLAIM TO BE GIVEN BY
THE INSURED
(a) 'The Company, at its own cost and
without undue delay 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 imerposed
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 iorerest 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 ma~' pur-
sue any litigation to final determination in
the Court of last reson.
(b) In case any such action or proceed-
ing shall be begun, or defense interposed,
or in Cast.' knowledge shall come to the In-
sured of any claim of title or interest which
is adverse to the title of the estate or in-
terest or lien of the mortgage as insured,
or which might cause loss or damage for
which the Company shall or may be liable
by virtue of this policy, or if the Insured
shall in good faith contract to sell thc 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 interesr 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 Insurt:d shall not, in writing,
promptly notify the Company of any de-
ft.'ct. lien or encumbrance insured against
which shall (ome to the knowledge of the
Insured. or if the InsuH:d shall not. in
writing. promptly notify the Company of
any such rejection by reason of claimed un-
marketability of title, then all liability of
the COIllP'IOY in regard to the subject IlHltter
of such action, proceeding or matter shall
cease and terminate; provided, however,
that failure to notify shall in no case
prejudice the claim of any Insured unless
the COl11pany shall bl' actually prejudiced
by such failure and then ollly tn the extent
of such prejudice.
(c) 'The Company shall have the right
at its own (Ost to institute and prosecute
any action or proccc:ding or do any other
act which in its opinion may be necessary
or desirable to establish the title of the
(:state or interest or the lien of the mort-
gage as insured; and the Comp.}ny may
take any appropriate action under the terms
of this policy whether or not it shall be
liable {hereunder and shall nor thereby
concede liability or waive :lny provision of
this policy.
(d) In aU (;Ise.~ where this policy per-
mits or requires the Company to prosecute
or provide for the defense of anr 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 thereio, and permit it to use, at its
option, the name of the Insured for such
purpose. Whenever requested by the Com-
pany lhe Insured shall give the Company
all reasonable aid in any such action or
proceeding, in effectinF settlement, securin,g
evidence, obtaining witnesses. or prosecu-
ting or" defending sllch action or proceed-
ing, and the Company shall reimburse the
Insured for any expense so incurred.
5. NOTICE OF lOSS - lIMITATION OF
ACTION
In addition to the nutices required under
paragraph 4(b), a statement in writing of
any loss or damage for which it i~ claimed
the Company is liable under this policy
shall he furnished to the Company within
sixty days after such loss or damage shall
have been determinl:d. and no right of
action shall accrue to the Insured under
this policy until thirty days after such
statement sha/l 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
expiration of said thirty day period. Failure
to furnish such statement of loss or damage,
or to commence such action within the
time hereinbefore specified, shall be a con-
clusive bar against maintenance by the In-
sured of any action under this po]icy.
6. OPTION TO PAY, SETTLE OR COMPRO-
MISE CLAIMS
The Company shall have the optioo to
payor settle or compromise for or in the
name of the Insured any claim iosured
against or to pay lhe full amount of this
policy, or, in case loss is claimed under this
policy by the owner of the indebtedne.~s
secured by a mortgage covered by this
policy, the Company shall have the option
to purchase said indebtedness; such pur-
ch;:;.se, payment or tender of payment of
(Conditions and Stipulations Continued and Concluded on Lost Poge of This Policy)
1
TO 1012.1 AB C
California land Title AssociatIon
Standard Coverage Pollc:y-1963
SCHEDULE A
Premium $~O.oO
Amount $ 2,000.00
Effective
Date September 25, 1968, at 8 a.m. Policy No. 67 81 168
INSURED
CITY OF ARCADIA, a municipal corporation.
1. Title to the estate or interest covered by this policy at the date hereof IS vested in:
CITY OF ARCADIA, a municipal corporation.
2. The estate or interest in the land described or referred to In Schedule C covered by this policy IS
a fee.
SCHEDULE B
This policy does not insure against loss or damage by reason of the following:
PART I
1. Taxes or assessme.nts which are. not shown as existi.ng liens by the records of any taxing authority that
levies taxes or assessments on renl 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. Disc.repancies, conflicts in boundary lines, shortage in area, encroachments: or any other facts which El
correct survey would disclose, and which are not shown by the public records.
5. Unptltentcd mining claims; reservations or exceptions in patents or in Acts authorizing the issuance
thereof; water rights, claims or title to water.
8D
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TO 1012-16 Cont. C
California land TIlle Association
Standard Coverage Pollcy-1963
S C H E D U L E B - (Continued)
PART II
~. General and special county 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
Security Trust & Savings Bank
: prior to February 15, 1950, in book
2679, page 48, Official Records.
3. Covenants,
Executed By
Recorded
conditions and restrictions in the deed
: not stated
: prior to February 15, 1950, in book
2874, page 359, 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.
4. Covenants,
Executed By
Recorded
conditions and restrictions in the deed
Temple City Co.
prior to February 15, 1950, in book
18034, page 49, Official Records.
5. Any lien for inheritance tax due the state of California by
reason of the death on September 1, 1965 of J. Estella Meenen,
former owner of joint tenancy with Michael Meenen.
6. An action in the
Commenced
Entitled
Superior Court
March 22, 1968
city of Arcadia, vs., Elizabeth Bowse
Wilson, et al.,
: 929015, county of Los Angeles
widening of Baldwin Avenue
parcel 113.
Case No.
Nature of Action
Affects
Notice of the pendency of said action was
Recorded : March 22, 1968, in book M 2807, page
805, Official Records.
7. 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 subsurface oil and gas
Dated May 27, 1968
Lessor Marie Cook, a widow
Lessee Standard Oil Company of California, a
corporation
Recorded : June 20, 1968, in book M 2894, page
308, Official Records
Affects that portion lying below a depth of
500 feet from the surface.
No representation is made as to the present ownership of said
leasehold or matters affecting the rights or interests of the
lessor or lessee arising out of or occasioned by said lease.
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TO jOl:2-I-l056-1C C
American lend Title Association loon Policy
Addidonol Coveroge-1962
0'
California Land Tille Association
Sfandard Coverage Policy-1963
SCHEDULE C
The land referred to in .this policy is situated in the county of Los Angeles, state of California,
and is described as follows:
That portion of the south half of lot 386 of Tract No. 6561, in
the city of Arcadia, county of Los Angeles, state of California,
as per map recorded in book 72, pages 34 and 35 of Maps, in the
office of the county recorder of said county, included within the
following described lines:
Beginning at the southeast corner of lot 383 of said Tract; thence
westerly along the southerly line of said lot 383 to the beginning
of tangent curve, concave northwesterly, having a radius of 15.00
feet, said curve being tangent northerly to the westerly line of the
easterly 15.5 feet of said lot 383; thence northeasterly along said
curve to said westerly line; thence northerly along said westerly
line a distance of 177.5 feet; thence northerly in a direct line to
the point of intersection of the westerly line of the easterly 12.00
feet of lot 386 of said Tract with a line drawn at right angles
through a point in the northerly prolongation of the westerly line of
said easterly 15.5 feet of said lot 383 and distant northerly along
said line and prolongation 300.00 feet from the northerly terminus
of said curve; thence northerly along the westerly line of said
easterly 12.00 feet to the northerly line of said lot 386; thence
easterly along said northerly line to the easterly line of said lot
386; thence southerly along the easterly line of said lots 386, 385,
384 and 343 to the point of beginning.
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TRACT No. 656/
Mop Boole 72, Poges 34 & 35
Lr;JTS .183 ro 459
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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 full amount of this policy, together
with all COSIS, attorneys' fees and expenses
which the Company is obligated hereunder
10 pay, shall terminate all liabi]ity of the
Company hereunder, In' the event, after
nOlice of claim has been given 10 the Com.
pany by the Insured, the Company offers
to purchase said indebtedness, Ihe 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 liti.
gation carried on by the Company for the
Insured, and all costs and ,lttorneys' fees in
litigation carried on by the Insured with
[he 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 defen, 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 tide is rejected as
unmarketable because rif a defect, lien or
encumbrance nm excepted or excluded in
this policy, uncil there has been a final
determinMion by a court of competent juris.
diction sustaining such rejeccion,
(d) AU payments under this policy, ex.
cep[ paymencs made for COStS, atcorneys'
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 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 owner of
an indebtedness secured by a mortgagl'
shown in Schedule B is an Insured herein
then such payments shall not reduce pro
tanto the amount of the insurance afforded
hereunder as co such Insured, except TO the
extent that such payments reduce [he amount
of the indebtedness se<:ured by such m(lrt-
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 liabi]ity of the Company
TO the insured owner of the indebtedness
secured by such mortgage, except as pro-
vided in paragraph 2 hereof.
(e) When liability has been definitely
fixed in accordance with the conditions of
this pulicy the loss or damage shall' he pay-
ahle wirhin 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 hy 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
tide to said estate or interest in satisfaction
of said indebtedness Of any part thereof.
9. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whene,'er the Company shall ha"e setded
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 Company
shall be subrogated TO such rights and
remedies in the proportion which said pay-
ment bears to the amounc of said loss. If
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loss should result from anr act of the In-
sured. such act shall not void this policy,
but the Company. in that event. shall be
required to pay only that part of any losses
inSUfl'd against hereunder which shall ex.
ceed the ~lmount. if ;lny, los[ 10 the Com.
pany by reason of the impairmenc of the
right of subrogation. The Insured, if reo
quested by the Company, shall transfer to
the Company all rights and remedies
against any person or property ne(essary in
order to pcrf(.([ 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-
dl'btedness 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 ocherwise
modify the terms of payment, or release
a portion of the estate or interest from the
lien of the mortgage, or n:kase any col-
lateral .~ectlrity for the indehtedness, pro-
vided such act docs not re~lllt in any loss
of priority of the lien of tlll' mortgage.
10. POLICY ENTIRE CONTRACT
Any anion 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 tiele of the estate or
interest insured ht'rein must be based on
the provi.~ions of this policy.
No provision or condition of this policy
can be waived or changed except by writing
endorsed hereon or attached hereto signed
bv {he President, a Vice President, Ihe
S~creta.ry, an Assistant Secretaty or other
\':didating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be givt"O thl' Com-
pany and any statement in writing required
to be furnished the Company shall be ad-
dressed to it at the office which issut'J this
policy or 10 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,
,
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Title Insurance
and
Trust Company
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.