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HomeMy WebLinkAboutD-1143 ., ILLINOIS /J Cp STATEOFIX..I<....~.( , yO " 88. COUNTY OF ~ , . P'~ C' . r- (01 Coles On thls..,.....I........,.......,..day of...C2.....,/....,........,................,..." 19..,..,...., before me, , the undersigned, a Notary Public in and for said County and State, personally appearedum......m______....___._______________........'.m....___. ......,.....,....,..................................,.,....,....................,..Eliza.,.E....,llan..Metel'..................................,.....,..........................................., , .. . .,~ ....', ',1.'" . .t~..:;;.,_~.h.U...........__:______________._.....h..._.h_..___..____.________.____.,.........___________________._.__.......________n_..__......_________....._____________..........__._.......n...______..... kil"bwri.id.'me to)ie.the person___._~ whose name..__._____________..i~......______subscribed to the within instrument, and acknowledged that ,,"she ','". ". d h .'..............:...,..........execute t e same. ",!:".,': '-" ~ (' (NOTA~IAL S,i:AL), Witness my hand and official seal. .., ..... :a~ ~.bev,7tf(~,. ~ ,~",Q....(!.e "!"'h~hh'h' '!-... -, ,}j ;.... Diary Public in and for said County and State, .' ~~! //';"~ .-This form fumish_d by NATIONAL TinE DIVISION of TitI. Insuran,_ ond Trust Company, 126 West 3rd Street, Los An".les 13 "ORM !i2J-N ""CKNOWL.EOllME:NT. INDIVIDUAL. ~'::':~~,";::""~~ ':~:~..' ' ~: 'f.i' '_> :';~f~~: 9f 'I'i;l~~~i.~. County of Cole s .-- ) }. S B: ) " '. If' or... '--,~,;..; "', "., ''1'\0::1 .. 7-$' 3 I, the .unders igned, a Notary Public in and for sa id County in the State afofesaid. do hereby certify that CraiR Van Meter, personally known to me to be the sama person whose nama is subscribed to the fore- going instrument. appeared before me this day in person and acknowledged ,.tl1a.t', ,!ie signed, sealed and delivered said instrument as his free and " .,<jp.1.~h:~~:ry act, for the uses and purposes therein sat forth. (," , .... , ", ":" . ....... - - '" ..... ::,..::; (. " ',.....-aiven under my hand and notarial sesl this lSth day of August, ~:: ,'A. D., iI961. .J? ~"'~:'" ::"",2 ,/,~; U:l1~""~' ~ . ~"1i ~~4~ ',-;,..,. 'or' '..'" ~ Notary Publ c ..........,..". .i.~..:.........,: \. ~ ",... r- 1/'1 ':J ::. ',:. "",\,,,- / I"~,. l f~. J ~ ~tto:cL. . , ;. \ . CERTIFICATE OF ACCEPTANCE . ~ This is to certify that the interest in real property conveyed or tran~ferred to the City of Arcadia. a municipal corporation. by the deed. grant. conveyance or instrument dated August 10. 1961 . from or executed by Craig Van Meter. John Van Meter and Eliza E. Van 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 Re ords of Los Angeles County; and the City of Arcadia consent 0 r corda- tion t ereof by its duly authori~ed officers. i ~~... - y BKDI34ZPGZ63 Meter " . . ,..,. ;. The document thUS described is .. " hereby approved as' to form. r~t~' -..~ ", - ~- - -~ ',.- Recording Requested by BKOI3~ZPGZB2 ~/lL/3 ..l~~EE rT 1 ~- u , , , . t I RECORDED lfi OFFICIAL RECORDS I' Of' LOS ANGELES COUNTY. CALIF. When Recotded Mail to FOR TITLE IN,SURANCE & TRUST CO. I SEP' 1: 1901 AT 8 A.M. City of Arcddia I AAV E. l.EE. COiIIltY RecOfder Arcadia. California i ,"'-;1 .~J) /%"n ,-)t:: / / ?2..y-- Space above this line for R:... c 9.692 260; PlACE INTERNAL REVENUE STAMPS HW i Grant Deed ~rl(O I I ' FOR A VALUABLE CONSIDERATION, RCeipt of which is he..by acImowledpl, ; , dO............m..m..._..___.berebr grant 10 I I the reali_ io thc....-fi ty of Arcadia I ' State of California. described as: I , , ILot Y3 of Tr~t 6074, as per map recorded in Book 67, loffice of the county recorder of said county, , I , CRAIG VAN,METER, a married man, and JOHN VAN METER, \ and ELIZA E. VAN MF..'l'ER, wife of Craig Van Meter, , , . ( , . \ a widower, CITY OF ARCADIA, a municipal corporation of the State of California, County oi.... . Los AnilUaa. page 8) of Maps, in the 15 d.:: UJ ~ RA. , .. , I I Ootod:...,._..~u~. 10,1961 , i STATE OP CAUPORl\'IA t5S. q>UNIY OP L , ' I ":2 ~ I ~ ~ 1 .~...\~;\\':f}~~;'.,~, On ....--r....--b .. -.-..---~.1_-__-f.!e..- ___..__, before me, the undersigned. a Notary Public in. and ..!9"~~.~f'! C:onry./jaru!.. State, per-nally ap ..:.....J.obn...y.an...Met.a:......_..................._.._..........................................._.................!......mnmn..n./:-::'.. .;.:..:......0.... : ,::'::;~' ~~::..J.~~..~.~..;.~~~:=..~~..~:=:~:=:ubsc;b:i..;..;;;;;;~~..;~~~~;..~~..~~~~;~~d..;;;~~:::::b~::t~:(.;f?:~~:f..:~j~~~ G . 17JJj- b ~. ..., . ~ ~ , . . '. /': _... .:. ":... ,',1._..::. ...,.... .~. ~~~~ all",.., ~"'~~~.. SeoJ)=;:,=N~i;,'i~~,j~.i~:edf~;i;;;~':~~;;;;il;.;;;;J;sii1r.~...' U =n= ~~ . '''\i;e rP.t. 0)': :"p' ~~~~''''''...,~z- .. :'i1,.,i'J;'!;f'\:~~,r.~.~~'Yrl!t.,;f.tflF:\'l.,.'~D.'I ... .' execu~!!T, a~~~~...~,~..~~o~;-...~_. . ~:s.t....~~.--~~$~~?~} ::;'''i~2'f. :~-t.....k1~.~~,.:~?~'t~ ~ . .: - --T ......-.. - . --. ,,' " , . I . '-. . " . J\ Escrow No, 418 -;(!3,6 (; Order No. 0'b6 /~"J~ ,. '. . .' . -..... " . . ~. ... . . CITIZE'NS f:"'A'T~ONAL.. . - . ~ --... . BANK .:-.:: - :~.. . '" .-' 457 South" ~j)ring Street: Mailirfg lddress .. ~ P. O. Box 2457. 'Terminal Annex Los Angeles 54, California .. Grant' Deed CITIZENS NATIONAL.. BANK 457 South Spring Street Mailing Address p, 0, Box 2457, Terminal Annex Los Angeles 54, California !'. T"~ '... ..' ~: CITIZENS BANKING SERVICES , , . FOR EVERYONE! Automobile Loans Horne Loans Personal loans Charge-A-Check Accounts Instalment loans Trust Services Escrows Commercial Accounts Real Estate Loans Bond Department Services Collections ~ Savings Accounts Safe Deposit Boxes Commercial Loans Building Loans Chef:king Accounts Collateral Loans Bank.by.Mail Plan Travelers Cheques and Letter of Credit Money Orders and Cashier's Checks Imernational Department Services KEEP THIS VALUABLE DOCUMENT IN YOUR CITIZENS SAFE DEPOSIT BOX! CITIZENS NATIONAL.. BANK 457 South Spring Street Mailing Address p, 0, Box 2457, Terminal Annex Los Angeles 54, California -~ . ,~ ~,.-'-" .;:-. . ". ~ .... ..; .. - .. ........ . .. - ~ '" ," ,'~. :' t. .-~ ." .. '..:: '. '; '" ~.:.. ' . '. ~. ;;" 1 ,I'. f' l:..~ ", 4:' "... ';.1 ...... '.. ..~.~ :',; " ..... ''t. . ,~: ~." .- .. ... ... i". ~ . . , .' l ~ .~, '. ":. , . ro".~ ~.~ . , ~ ~.\ .,.", ~ .... f ~" "i .' . . " ., ,. ~ ~ 10,'0.- " . . ,,,..~"; .. " . ~: ;. .. . ". ~ -, ".\, '" ". , ' ,', ~. ~~" .:; ~ ~.. ,. . ".._,.0 .' , :".":: " , ~"- ~.~~u COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR.CONTROLLER Wll..I..IAM H. SARBOUR, JR. CHIEF DEPUTY 153 HALL OF ADMINISTRATION LOS ANGELES 12. CALIFORNIA MADISON 5..3611 J. R. PASSAREL1..A. CHIEF TAX DIVl610N ROSCOE HOLLINGER AUDITOR.CONTROLLER October 23, 1961 Kttn: Nicholas Bertrand Tax Cancellations City of Arcadia 240 W. Huntington Drive Arcadia, California Attention: James A. Nicklin City Attorney Re: Property acquired from Crai~ Van Meter and Eliza R. Y-8D-Me~~r and John Van Mater Lot t3 of Tract 60~ .--- Dear Sir: Pursuant to your letter of September 13. 1961,and upon order of the Honorable Board of Supervisors dated September 26, 1961, taxes were cancelled, according to Section 4986 of the Revenue and Taxation Code by our Authorization No. 53310. Very truly yours, ROSCOE HOLLINGER, AUDITOR-CONTROLLER .:; ,) By /J/':,-, /.~';1__-.L.<L--t2,-,,'l..(.l.{(,:---- J. R. Passarella, Chief Tax Division JRP:NJB:em 1012 3-61 V;;lu~ ~ /--0 1/1/3.. ~~~~~~~~~ ~ FOUNDED ~ Collfornlo'lond TItle Anociotlon ~ Standard Coveroge Policy Form !E. Copyright 1961 I ~ I i I ~ 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 Srhedule B or excluded from coverage in Schedule B or in the Conditions and Sttpulations; or ! 2. Unmarketability of such title; or ~ 3. Any defect in tl1e 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 defe(t affe(ts [he 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; I all subject, however, to th-t,-<::o~tiobs~~d ,Stipulations hereto annexed, l'i! gether with Schedul~~ ~d €,'i ilr';-'~e\}bytf'ade a part of this policy, ~ - ^ ?-,. 0000000 <10$' Il, ,ff' ,:>""" ooo~" IS PRo~oo )- I, . .-r CIi ~o .!-o .,.... 1;',.,00 0 ,. . ! 111 WI/nell' .w:hei8'of,....iflt1e-ulhsura.n(e~ an~rust Company has caused Its corporate name and seal to be here. . ~....: " ~~ I}. ~ -e> <t- 0 ~ r.., . unto afftxed by...,ts <Iuly, authorIZed officers 6nl,tlie date shown In Schedule A. 'A "-I 0 ' \t"'.. ~ "1) OJ fuj ~ ...I oG.~ . . -4,L'>~ )> ~ ~ ~ !:: g-~. 4!1l. ~ ~ Z ~ fij /'j I- ~ J#.'.. '.--0;: 0 "'(' f:! ~ ~1. {t. ooi~~i_~-._~_ .~~~l *' ~ TITLE INSURANCE AND TRUST COMPANY m ~/IIII<;~~~i~~~~~~~f~~V -4' ~ y? I ~ 1\\\ 4NGELES. v ~..:::- by ~.A / "i ~ !i5- m' \\\\\\,\,\,~-#"' PRESIDENT ~ ~ """ ~.d5-;,{.;:., ! '~~~~~~~~~~~a.~~~~~~~~~~~1 fW1iI~~~~~~~~ IN IB93 /~7 7' ~ Fee $ 9f I ; I ! I I I I ~ I ! ~ POLICY OF TITLE INSURANCE ISSUED BY TITLE INSURANCE AND TRUST COMPANY Title Insurance and Trust Company. a corporation, of Los Angeles, California, 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 obligared to pay as provided in the Conditions and Stipulations hereof, which the Insured shall sustain by reason of: which Conditions and Stipulations, to. 1012A8 3.61 CalifornIa land Title Anoclatlon Standard Coverage Policy Form Copyright 1961 SCHEDULE A Amount $ 28,000.00 Effective Date September 1, 1961 at 8 a.m, Policy No. 5661628 INSURED CITY OF ARCADIA, a municipal corporation of the state of California. 1. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF ARCADIA. a municipal corporation of the state of California, 2. The estate or interest in the land described or referred to in Schedule C covered by this policy IS a fee, SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the Plfblic records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the Issuance thereof; water rights, claims or title to water. Cl. I 1012& Coni. 3.61 California land Tltlo Assodotlon Standard Cov.rOv. Pollc;y form Copyright 19611 I . S C H E D U L E B - (Continued) PART II 1. General and special county and city taxes for the fiscal year 1961-1962, a lien not yet payable, I 1012C-1056C 3-61 AmerlCOIl Title AUDciolion Loon Policy Additlonol Coverog_Oclob.t, 1960 0' California land Tille Association Standard Covorage Pollcy-1961 I SCHEDULE C The land referred to in this policy is situated in the county of Los Angeles, state of California, and is described {IS follows: , Lot 13 of Tract 6074, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book 67 page 83 of Maps, in the office of the county recorder of said' county, . .! 1()12D U1 CALIFORNIA lAND TITLE ASSOCIATION STANDARD COVERAGE POliCY FORM COPYRIGHT 1961 . CONDITIONS AND STIPULATIONS, (Includes, those in the American Title Associafion-Owner's Policy.Standard Form B.19601 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 aBixed 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 constroctive knowledge or notice which may be imputed to the Insured by r~on of any public records; (d) "'date": the effective date; (e) "mortgage": mortgage, deed of trust, trust deed, or other security instru. ment; and (f) "insured"; the party or {)arties' herein designated as Insured, and if the owner of the indebtedness secured by a mortgage shown in &hedule B is naD:led as an Insured in Schedule A, the Insureq shall include (1) each successor in interest in ownerspip of such indebtedness, (2) any such owner who acquires the estate or in- terest teferred to in this policy by fore- closure: trustee's sale, or other legal man. net in satisfaaion of said indebtedness, and (3) any federal agency or instrumentality which is an insurer or guarantor under an insurance contract or guaranty insuring or guaranteeing said indebtedness, or any part thereof, whether named as an insured herein or not. . , 2. BENEFITS AF,TER ACQUISITION. OF llTLE If an insured owner of the indebtw.ness secured by a mortgage described in SchecJ.- ule B acquires said estate or intecest, tJr 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 n consequence of an insurance conttact or guaranty insuring or guaranteeing the it}. debtedness secured by a mortgage C<)vered hy this policy, or any pan thereof, this policy shall continue in force in fa'lfor of such Insured, agency or instrumentality, subject to all of the conditions and stipula. tions hereof, 3. EXCLUSIONS. FROM THE COVERACE OF THIS POLICY This policy does not insure agaimt loss or damage by reason of the following:: (a) Any law, ordinance or goverrunenta! regulation (including but not limited to building and zoning ordinances) restticting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regu.lating the character, dimensions, or location of any improvement now or hereafter erected on said land, or prohibiting a separation in ownership or a reduction in the dimensions or area of any lot or parcel of land, (b) Governmental rights of police '. power or eminent domain unless notice of judicial action to exercise such rightS ap- pears in the public records at the date hereof. (c) Title to any property beyond the lines of the land expressly described in Schedule C, or title to streets, roads, ave- nues, lanes, ways or waterways on which such land abuts, or the right to maintain therein vaults, tunnels, ramps or any other structure or improvement; or any rights or easements therein unless this policy spe- cifically provides that such property, rights or easements are insured, except that if the land abuts upon one or more physically open streets or highways this policy insures the ordinary rights of abutting owners for access to one of such streets or highways, unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances, ad. vecse claims against the title as insured or other matters (1) created, suffered, assumed or agreed to by the Insured; or (2) known to the Insured either at the date of this policy or at the date such Insured acquired 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 Company prior to the date of this policy; or (3) resulting in no loss to the Insured; or (4) attaching or created subsequent to the date hereof. (e) Loss or damage which would not have been sustained if the Insured were a purchaser or encumbrancer for value with- out knowledge. 4. DEFENSE AND PROSECUTION OF ACTIONS -NOTICE OF . CLAIM TO BE GIVEN BY THE INSURED . (a) The Company, at its own COSt and without undue delay shall provide (1) for the defense of the Insured in all litigation consisting of actions or proceedings com- menced against the Insured, or defenses, restraining orders, or injunctions interposed against a foreclosure or sale of the indebted- ness secured by a mortgage covered by this policy or a sale of the estate or interest in said land; or (2) for such aaion as may be appropriate to establish the title of the estate or interest or the lien of the mort. gage as insured, which litigation or action in any of such events is founded upon an alleged defect, lien or encumbrance insured against by this. policy, and may pursue any litigation to final determination lin the court. of last resort. (b) In case any such aaion or proceed- ing shall be begun, or defense interposed, or in case knowledge shall, come to the In-- sured of any claim of title or interest which is adverse to the title of the estate or interest 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 seIl the indebtedness se- cured by a mortgage covered by this policy, or, if an Insured in good faith leases or contraas to sell, lease or mortgage the same, or if the successful bidder at a foreclosure IContinued lJnd Concluded on Reverse Side) sale under a mortgage covered by this policy refuses to purchase and in any such event the title to said estate or interest is rejected as unmarketable, 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 defect, 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 unmarket. ability of title, then all liability of the Corn- pany in regard to the subject matter 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 Company shall be actually prejudiced by such failure and then only to the extent 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 interest or the lien of the mortgage as insured; and the Company may take any appropriate action under the terms of this policy whether or not it shaIl be liable there- under 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 aaion or proceeding, ~e Insured shall secure. to i! the right to so prosecute or provide defense in such action or proceeding, and alI appeals therein, and permit it to use, at its option, the name of the Insured for such purpose. Whenever requested by the Company the Insured shall give the Company all assist- ance in any s~ch action or proceeding, in effeaing settlement, securing evidence, ob. taining witnesses, or prosecuting or defend- ing such action or proceeding, and the Com- pany shall reimburse the Insured for any expense so incurred. 5. NOTICE OF LOSS - LIMITATION OF ACTION In addition to the notices required undec paragraph 4(b), a statement in writing of any loss or damage for which it is claimed the Company is liable under 'this policy , '1. l shall be furnisbed to the Company within sixty days after such loss or damage shall. '. have been determined and no right of action shall accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shall be had by the Insured under this policy unless aaion shall be commenced thereon within five years after expiration of said thirty day period. Failure to furnish such statement of loss or damage, or to com- mence such action within the time herein- before specified, shall be a conclusive bar against maintenance by the Insured 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 indebtedness secured by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness; such pur- chase, payment or tender of payment of the full amount of this policy, together with all costs, attorneys' fees aa~ expenses which the Company is obligated ,hereunder to pay,_ shall terminate all liability of the Company hereunder. In t~e ~ent, after notice _ of _ . claim has been given to the Company by the Insured, the Company offers to purchase said indebtedness, the owner of such in- debtedness 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 Joss of the Insured and costs and attorneys' fees which the Company may. be obligated hereunder to pay. . , (b j The Company will pay. in addition to any loss insured against by this policy, all COSts imposed upon the Insured in litiga- tion carried on by the Company for the In. sured, 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, lie. 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 encumbrnnce not excepted or excluded in this policy, until'there has been a final de- termination 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 owner of an indebtedness secured by a mortgage shown in Schedule B is_ an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded ,hereunder as to such Insured, except to the extent that such payments reduce the amount of the indebtedness secured by such mort- gage. Payment in full by any pe~son or voluntary satisfaction or release by the In- sured of;~ mo~tgage covered ~y ,this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mortgage, except as pro- vided in paragraph 2 hereof. <eJ When liability has been ddinitely fixed in accordance with the conditions of this policy the loss or damage shall be pay- able within thirty days thereafter. 8. LIABILITY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any policy insuring the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage here- after executed by the Insured which is a charge or lien on the estate or interest d~ scribed or referred to in Schedule A. 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 satisfac. tion of said iodebtedness or any part thereof. 9. COINSURANCE AND APPORTIONMENT (a) In the event that a partial loss oc~ airs after an alteration or improvement sub- sequent to the date of this policy, and 001>: in that event,' the Insured becomes a co- insurer to the-extent hereinafter set forth. If the cost of the alteration or improve- ment exceeds twenty per cennun of the amount of this policy, such proportion only of any partial'loss established shall be borne by the Company as one hundred twenty per centum of the amount of this policy bears to the sum'of the amount of this policy and the amount expended for the alteration or improvement. The foregoing provisions shall not apply to costs and attorneys' fees incurred by the Company in prosecuting or providing for the defense of actions or proceedings in behalf of the Insured pur. suant to the terms of this policy or to costs imposed on the Insured in such actions or proceedings, and shall not apply to losses which do not exceed. in the aggregate, an amount equal to one per centum of the face amount of this policy. Provided, however, that the foregoing coinsurance provisions shaH not apply to any loss if, at the time of the occurrence of such loss, the then value of the premises, as so improved, does not exceed the amount of this policy, and provided further that the foregoing coinsurance provisions shall nOt apply to an insured owner of an in- debtedness secured by a mortgage shown in Schedule B prior to acquisition of title to said estate or interest in satisfaction of said indebtedness or any part thereof. (b) If the land described or referred to in Schedule C is divisible into separate and noncontiguous parcels, or if contiguous and such parcels are not used as one single site and a loss is established affecting one or ~ore of said parcels but not all, the loss shall be computed and settled on a pro rata basis as if the, face amount of the policy was divided pro rata as to the value on the date of this policy of each separate inde- pendent parcel to the whole, exclusive of any improvements made subsequent to the date of this policy, unless a liability or value has otherwise been agreed upon as to each such parcel by the Company and the Insured at the time of the issuance of this policy and shown by an express statement herein or by an endorsement attached hereto. 10. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have set- tled a claim under this policy, all right of subrogation shall vest in the Company un- affected by any act of the Insured, and it shaH be subrogated to and be entitled to all rights and remedies which the Insured would have ,had against any. per_son 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 reme- dies in the proportion which said payment bears to the amount of said loss. If loss , should result from any an of the Insured, such act shall not void this policy, but the Company, in that event, shaH be r~ired to pay only that part of any losses Insured against hereunder which shall exceed. the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. Th~ Insured, if requested 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, ~d shall per. mit the Company to use the name of the Insured in any transaction or litigation in- volving such rights or remedies. If the Insured is the owner of the in. debtedness secured by a mortgage covered by this policy, such Insured may release or substitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any col. lateral security for the indebtedness, pro- vided such act does not result in any loss of priority of the lien of the mortgage. 11. POUCY ENTIRE CONTRACT Any aaion or actions or rights of action (hat 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 artached hereto signed by the President, a Vice President, the Sec- retary, an Assistant Secretary or other vali- dating officer of the Company. 12. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing re- quired to be furnished the Company shall be addressed to it at the office which issued this policy. 13. THE fEE SPECifiED ON THE fACE OF THIS POLICY IS THE TOTAL FEE FOR TITLE SEARCH AND EXAMINATION AND FOR TIne INSURANCE. -,' ~ .: ;: -~.., --, ..',-" .-'- ..-. . _0 _ .'~ _ ~ .... ,.,.-- . .......- ~/I0B. C/.. MOtlT '100' W RO. /'I. Blo 0" &.. 16~,JI7 ~1.f/7 !j1.II7 ~ 0 Z4Z /01,Z4Z 4- ~ ~ " p.f2.re. Z loi~4Z 101, ~ ~ 0 " ~ OU Z4'Z. 101.2A; r ;::. '" 167.24- '-'l 'f/2,378 101, r I '" _ I f/B.4S3 r I .;610 S~ o ~ "'0 3 0 ~.~' : r N '" E ,AvlE r : N N IOE I I ~o !30 /67,24- I I 34- 7, 24- \!) r I , " /0 ~ \ '" 8 ~ 7 t: 0 'r<) ~ B' 2 " ':1:'" /2 '" " " " iii ~ N ~ /3 iii N ~ r'l r <i '" ,,~ ....'li '" ~ I ~ " 'l ~N " l") I') l") I "l'l I I :1:: I I I I I ~ ... I 20 : ~ 1/7 1/1 100 80 ! 60 ;4-0 100 100 34- 7, 24- WE:Sr I ~ l!!'l:ilJ . to ~ct~ ~:t. "'....0 . 1')....'" ~ ~~ TI<ACT NQ 6074 THIS IS NOT A. SURIiEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS L, o oJ> 100 lJJ '> ~ ~ .... ~ It ~ ::! " "1 ~ ~ It II) When you sell or buy, specify T,/. POILITCY O]F TITTILlE TITLE INSURANCE AND TRUST COMPANY ITNS lURAN ClE [Nyo.MoNO COUNTIES 149 NORTH EDWARDS STREET, INDEPENDENCE KERN COUNTY 1715 CHESTER AVENUE, BAKERSFIEW ~ VW,J/b ORANGE COUNTY 800 NORTH MAIN STREET, SANTA ANA SAN LUIS OBISPO COUNTY 1141 CHORRO STREET, SAN LUIS OBISPO SANTABARBARA COUNTY 36 EAST FICUEROA STREET, SANTA BARBARA TITLE INSURANCE AND TRUST COMPANY . TULARE COUNTY 320 WEST MAIN STREET, VISALIA V ENTURA COUNTY 101 SOUTH CHESTNUT STREET, VENTURA 542 SOUTH "A" STREET, OXNARD HOME OFFICE 433 SOUTH SPRING STREET, LOS ANGELES 54 INCORPORATED 1893 Subsidiary Companies PIONEER TITLE INSURANCE COMPANY SAN BERNARDINO COUNTY 340 FOURTH STREET, SAN BERNARDINO IMPERIAL COUNTY 600 MAIN STREET, EL CENTRO RIVERSIDE COUNTY 3490 TENTH STREET, RIVERSIDE UNION TITLE INSURANCE COMPANY SAN DIEGO COUNTY 220 "A" STREET, SAN DIECO CALIFORNIA PACIFIC TITLE INSURANCE COMPANY HOME OFFICE 148 MONTGOMERY STREET, SAN FRANCISCO " Complete title $ervice,~ also available in the states of Alaska, Nevada, Oregon and Washington through subsidiary Companies. DOering complete tide servic~s throughout the state of California with just one local call. I VIr ~ ~..!!!!!~ l:~L.I(U" ST A TEMEl-lT NATIONAL BANK .... ESCR.OW. NO. './-_""'"'1 CB-16B2 659 ENV. 111 South Arcadia OFFICE DATE Sept. 1, 1961 The following is a statement of your account: DE BITS CREDITS Deposit $28 000 00 Demand for deed $28.000.00 Paid Outsido of Escrow Commission Policy of Title Insurance Recording Internal Revenue Stamps Escrow Fee 46.00 Drawing Tax Pro rata $ 1.00 42 - 1 vear from 7-1-61 to Cl_1_61 50.06 Rent Prorata $ from to Insurance Prorata $ from to I i , : , Balance as oer check herewith 4.06 The first half of real property taxes is delinquent after 5 p.m., December 10. the second half is delinquent after 5 p.m., April 10. Failure to receive or secure the tax bill does not relieve you of 28,050.06 28,0.50.06 penolties. A new owner of real property should list his property with the City Clerk immediately and with the County Assessor between noon on the fir.. Monday In March and 5 p.m. on the los~ Mondoy in May. If you are to rec;:eive any recorded document through this escrow, it will be mailed to you by the County Recorder in approximately four weeks. Gentlemen: We are enclosing Policy of Title Insurance No. 5661628 for $28,000.00 issued Qy Title Insurance and Trust Company. It has been a pleasure to handle this transaction for you, and if we can be of assistance in the future please call on us. City of Arcadia c/o Harold K. Schone, City Manager 240 West Huntington Drive Arcadia, California -.J ~ ~\Y. f\~~ ~r'o I I L " . j)~ IFIY, ~~ ~ j'~cj /:. A";/'L~ 0~L/ ~l ~, ~. _ t? 6? . ~ ~~ yr~';t/ J~- 07-/-0, .-/~~~ ~ ~,,/ r/!kd' ~ ~d/ ?! .