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Home My WebLink AboutD-1592 ; I L ~' r f: CERTIFICATE OF ACCEPTANCE ~K 0393/ r~ 575 , ( 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 29, 1968 , from or executed by Otis L, Sayer and Irene D, Sayer , is hereby accepted by the City of Arcadia by the order or authorization of the City Council of the City of Arcad~(a 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 authoriz d officers, j I~ The document thus described is hereby approved ~ ~ o CJl ~?t~/ City Engineer as to fom. -~~- . Cit At torne --- .. H'I:::CQRDING REQUESTED BY tlK U393 I fC 57 f' "' 205 C'iiY oj,' ARCADIA AND 'l'V'HI!:N "r;CD"DI!:D MAIL TO RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY, CALIF, FOR TITLE INSURANCE & TRUST CO. 1968 AT 8 A.M, e57d.5-YSO I No.. Ci ty Clerk S'tHt Addr.1I I 6 MAR p.o. Box 60 RAY E, lEE, County Recorder. Co.." Arcadia, Calif. s'CI'.L ~ ......AIL TAX ITATEMENTS TO SPACE ABOVE THIS LtNE FOR RECORDER'S USE n.- DT.s. .7.>3 au 1;~~E'~ $3,85 * o ...' c+ '<1 o H:l ~ >-; () P> 0. ,... Sl> I No_ City of Arcadia SIr..' Addr.n City & StClteL to( ~ ~: I-' ~ t, 61- !J> .<~ l/ :::; '" ::> C>. >'> I ~ ~ AFFIX ~ L.!'~. ?:r~IN THIS SPACE #411 6 Grant Deed' I. TO 405 C THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, OTIS L. SAYER and IRENE D. SAYER i!erebY CRANT(lI) to the CITY OF ARCADIA, a Municipal IN FEe. _ aa eas~eat for public street and road purposes, )?, as Baldwin Avenue, in, on, upon and across Corporation to become a part of and to be known the following described real property in the County of Los Angeles City of Arcadia, , State of California: That portion of Lot 38 of Tract No. 4869 in the City of Arcadia,..County of Los Angeles, State of California, as per map recorded in Book 52, Page 13 of Maps, in the office of the County Recorder of said County, described as follows: Beginning at the northwest corner of said Lot 38; thence easterly along the northerly line of said lot to the beginning of a tangent curve concave southeasterly having a radius of 15.00 feet and being tangent at its westerly terminus to the easterly line of the westerly 17.00 feet of said lot; thence southwesterly along said last mentioned curve to its said last mentioned point of tangency; thence southerly along said last mentioned easterly line to the northerly line of the southerly 90.00 feet of said Lot 38; thence westerly along said last mentioned northerly line to the westerly line of said Lot 38; thence northerly thereon to the point of beginning of this description.g ~ '" '" ~ :j ['TJ /'Tl <=> :z tJ OJ -< -< I t:r ", tJ> n :u ,:0 ::! o :-;: ?; Date~ J:( ~I /'9'6 Y }ss before me, the under. signed, a Notary P lie in and Cm o;nid State, personally appeared Otis L. Sayer and Irene D. Sayer , known to me to he the pe,rson~who5e name s ar e BubBcnhed to the withm Illstrument ,md acknowledged that executed the same WITNE~Y ha~d and o~cial ~ . , S,gna(,{l~ Q. ~(/ ~L~....d/x~ Name (T ped C(T Prmted) (Thl~ aJ'l'a rOl omdal nOhrla. ~1l1) MAIL TAX STATEMENTS AS DIRECTED ABOVE J I GRANT DEED , . Title Insurance and Trust Company COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL .. ~ . -.. GRANT DEED Title Insurance and Trust Company COMPLETE STATE;WIOE TITLE SERVICE WITH ONE LOCAL CALL , \ 6= ... .., ",. _ .,.:.r ... .... ''', CITY COUNCIL DON W HAGE MAYOR City of Arcadia C ROBERT ARTH MAYOA PRO TEM EDWARD L BUTTERWORTH ROBERT J CONSIDINE JAMES R HELMS JR -I 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H COZAD CITY JolANAGER CHRISTINE VAN MAANEN Cl"fY C'LERK May 9. 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. 20 Dear Mr. Passarella: Please cancel as of the date of r~cording 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 There is no building on it. purposes, Very truly yours, RDO: jh Ene. 1- MAILING ADDRESSES CITY HALL POBOX eo 910015 LIBRARY 20 W OUARTE ROAD 91006 POLICE DEPARTMENT POBOX 150 910015 FIRE DEPARTMENT 7105 SANTA ANITA AVE 910015 TELEPHONES 4415.4471 . eS1-02715 446.711' 447-2121 4415.21ze MARK H BLOOOGOOI) AUDITOR.CONTROLLER COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR.CONTROLLER 153 HALL OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 625.381 1 February 7, 1969 RECEIVED FEB 11 1969 City of Arcadia 240 West Huntington Arcadia, California Drive 91006 CITY OF ARCADIA CITY "'TTORNEY Attention: Robert D. Ogle City Attorney Re: Baldwin Avenu~ Parcel No. 20 Gentlemen: ..... Pursuant to your letter dated May 9, 1968, taxes-have been cancelled in accordance with Section \ 4986 of the Revenue and Taxation Code. This cancel- lation was ordered by the Honorable Board of Super- vi~ors October 22, 1968 by Authorization No. 06164. Very truly yours, HARK !i, BLOODGOOD, Auditor-Controller Cfe By J. R. Passarella, Chief Tax Division JRP !EHP /tc ROBERT A GILL CHtEF' DEPUTY J R, PASSARELLA, CHIEF, TAX D/VISION tf V (!/V,-\ 0(0 TO 1012-1 F C CalifornlQ Land Title As,oclotlOn Stondard Coverage Policy Form COPYright 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company TItle Insurance and Trust Company, a CalIfornIa corpOratIOn, herein called the Company, for a vJ.luable consideratIOn paid for thiS POlICY, the number, the effectIve date, and amount of whICh are shown 10 Schedule A, hereby Insures the pacrtes named as Insured In Schedule A, the heIrs, devisees, personal representatIves of such Insured, or if a corporatIOn, its successors by dissolution, merger or consoltdatJon, against loss or damage nOt exceed 109 the amount stated In Schedule A, rogerher With COSts, attorneys' fees and expenses which the Cornpnny may become obligated to pay as provided In the Conditions and StIpulauons hereof, whJCh the Insured shall sustain by reason of Any defect In or hen or encumbrance on the tJth: to-ihe c<;(ate or Interest covered hereby In tilt land descnbed or referred to In Schedule C, tXJ.!Jtmg at the d;tte hereof, not .!Jhown or referred to In Schedule B or excluded from coverage In Schedule B or In the ConditIOns and StlpulaclIlJls, r OJ 2 Unmarketablhty of such tLtle, or Any defect In the executIOn of any mortgJge shown In Schedule B secuilng an mdc.btednc.:,s, 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 mongage upon rhe (state or IOtt'tf;St ref('w:d to 10 thiS policy, or Pnonty over said mortgage, at the date hereof, of any heR or encumhrance not shown or referred ro In Schedule B, or excluded from covel age In the CundlhOlis and StJpUlatlOns, said mortgage being shown In Schedule B 10 the order of ItS pnonty, ' :"!".....~'-"''\'\'., ,tIl subject, however:;'w tne proVISions of Schedules A, Band C and to the Conditions and StlpulatlOl1\ hereto annexed:::~CE AND 'J?l.,'I\\ll ;" ~r 00000000 ~),. I -" oO,^t. \S PffOooo r II ,:;'0 oo-?-..o (J:t.f.I'~, 1'1'..0_1'\' ::t ~ oOfv ~-tl-.{J.'f.1Jml.u'Iuv..~Jness~~hereofJ Title Insurance and Trust Company has caused Its iJtt! " 0 ~ 0- ^ ~.{I. ~ 0 ..., IJ d ;ii1,.. 0 J.... * 4corporatelname and seal to be hereunto affixed by Its duly authoflze offlCer~ 1'1 ""'" O/,_.J~, ,-;>,'7' I..!;. \ y..-:...... Q "'0 fJ ~ -J O~:z.z...l onltTIe,date'Shown,in Schedule A. " I- 0 .83. _41~~u :; ~ ~ - 0-=0.. '~~'?"e:' 'I' g "'- ~ ~ l- ~ :/~~~~T:i!l~-"\i'~~ _:g -< ~ ~ ,,0" ';\\t::~ __ f '<:>0 .. ~ rJ -.. o~", -"'"Ii;;" !9 ... <:f'vo ,,~ ", <,00 -t - ,e,'-:_ _- - ~~ 00,_ .:: 'I () oO~rA-TE IS (,\)000 ,....': 1'1 ;so.</ 00000000 C~v E \\\\ .vGELES. ..s-- \\\\"'\,,,'-"-'.......~ Title Insurance and Trust Company by ~~ ~SIDENT Allest 0W l1-~ SECRETARY CONDITIONS AND STIPULATIONS DEFINITION OF TERMS The followIng terms when used In this policy mean (a) "land" the land descnbed, speCIfIC- ally or by n:fert"m.e, In Schedule C and Improvements affixed thereto which by Jaw conswute real properlY, (b) "pub!J<: records" those records which Impart Constructive notice of mattels relattng to said land, (e) "knowledge" actual knowledge, not constructive kl)owledge or notice whICh may be ImpU(~d co the Insured by reason of any publIc records, (d) "date" the effeCtIve date, (e) "mortgage" mortgage, deed of trust trust deed, or other secunty mstrument, and (f) "Insured" the party or parties named as Insured, and If the owner of the 10- debtednes5 secured by a mortgage shown In Schedule B IS, named as. an Insured m Schedule A, [he Insured shall Include (I) each successor 10 Interest In ownership of such 1Odebtedn~ss, (2) any such owner who acqUIres the estate or Interest referred to 10 thiS pohcy by foreclosure, trustee's sale, or other legal manner In satlsfactlon of said Indebtedness, and (3) any federal agency or lOstrumentaltty whICh IS an 10- surer or guarantor under an Insurance con. tract or guaratuy insuring or guaranteeing <;ald mdebtedness, or any part thereof, whether named as an lOsured herem or not, subject otherWise to the provISIOns hereof 2, BENEFITS AFTER ACQUISITION OF TITLE If an Insured owner of the 10debtedness <;tcured by a mortgage descnbed 10 Sched. ule B acq!J1reS saJd estate or mterest, or any part ther~f, by foreclosure, trustee's sale, or other legal manner In satIsfactIOn of said mdebtedness, or any part thereof, or If a federal agency or mstrumentality acqUIres said f:state or IOterest, or any part thereof, as a consequence of an msurance contract or guaranty Insunng or guarantee- 109 the mdebtedness secured by a mortgage cmered by this pohcy, or any part thereof, thiS poilcy shall contmue m force m favor of such lnsur~, agency or mstrumentahty, subject to all of the conditIOns and stlpula- uons hereof 3 EXCLUSIONS FROM THE COVERAGE OF THJS pOLICy ThiS pDlIcy does not JUsure agaJUst loss or damage by reasons of the followmg (a) Any law, ordmance or governmental regulatIOn (locludmg but not hmlCed to huddmg and :wnmg ordmanles) restrlctlng or regulatmg Df prohibItIng the occupancy, use or enJoyment of the land, or regulatmg the character, dimenSIOns, or locatIOn 01 dny Improvement now or hereafter erected on said land, or prohlbHing a separatIOn m owner<;hlp or a reductIOn In the dimensIOns Of area of any lot or parcel of land (b) Governmental fights of pohce power or em10ent domam unle<;s notice of the exerCl<;e of su<:h rights appears 10 the public rewrds at the date hereof (c) Title to any property beyond the Imes of the land expressly desCtlbed In Schedule C, Or tItle to streets, roads, ave- nues, lanes, ways or waterways on whIch such land abut<;, or the nght to rmllntam therem vaults wnnds, ramp~ or an}' other structure or ImplOvemenr, 01 ,wy rI~hts or easement<; therem unles<; thiS policy speCific- ally prOVides that ~uch property tights or ea<;ements are Insured, except that d the land abuts upon one or 1110re phYSICally open Streets or hlghway<; thl<; polity Insure" rhe ordlO.lfY fights of abuttln~ owners for .tccess to one of such Streets or brghway<;, unless otherWIse e>.cepted or excluded herem (d) Defects, liens, encumbrance<;, ,lther<;e claIms agalOst the title as m<;U1ed or mhel matters (J) created, ~uffefeJ, as<;umed Of agreed to by the InsUled cJarmlOg loss 01 damage, or (2) known to the Insured ClalOlant either at the date of thiS polilY or at the date such Insured Claimant al- qUlred an estate or Interest In<;ured by thl" policy and not shown by the publiC records unless dlsclo~urc thereof 10 wtltmg hy th<.- Insured shall have been made to the COol- pany ptlor to the date of thiS policy, or (3) re<;ultlOg In no loss to the Imured Cl.tllll- ant, or (4) attachmg or created sub<;equenr co the date hereof (e) Loss or damage wlmh would not have been sustamed If the Insured were II 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 It\ own cost and Without undue delay shall proVide (1) for the defense of the Insured In all IltlgatulO COnslStlOg of actlons or proceedlOg~ com- menced agalOst the Insured, or defen<;e<;, restratnlOg orders, or tnjUnctlons Interposed agalOsr a foreclosure or sale of the mort- gage and mdebtedness covered by thr<; politY or a sale of the estate or Interest 10 s~l1d land, or (2) for such actIOn as may be appropflate to establtsh the title of tht' estate or IOterest or the lien of the mOl t- gage as msured, which htlgatlOn or actIOn 10 any of such events IS founded upon .10 alleged defect, ilen or cncumbrdme in- sured agalOst by thiS pohcy, and OlJ.Y pur- sue any hhgatlOn to fmal determlOatJon 10 the court of last resort (b) In case any such actIOn or proceed- 109 shall be begun, or defense Interposed, or 10 case knowledge shall come to the In- sured of any claIm of title or IOterest \\ hlth 1<; adverse to the otle of the eSt.He or In- terest or lien uf the mortgage as msurtd, or which might cause los!> or damage for wI-lith the Comp.1ny shall or may be liJ.ble by Vl1tue of thl!> pobty, or If the Insuru.\ shall 10 good fanh contract to sell the In- debtedness secured br J. murtg..!ge ...u\ ered hy thrs pohcy, or, 1 an lnsuled In good fa1th leases or contrJLfS to sell, le,lSe or mortgage the same, or If the sllcces!>ful bidder at a forec1osme !>ale und<:r a mort- gage covered by thIS polICY refuse<; to pur- chase and In any such event the title to s,lId estate or IOtereSt IS rtJected .1" un- marketable, the Insured shall notdy tht Company thereof In .... CIting If sUlh fiCO\!. shall not be given to the Company .....Itllln ten days of the receipt of pcoces<; llr plt'..!J- lOgS or If the Insured sh..!1l not, 10 WfltlO~, promptly mltlfy the Camp.lny of dny de- feet hen or encumbrance lO<;ured a,g:lIn<;t whIch <;h.dl come to the 1-.no\\ ledge of the 100ured, or If the Io<;ured \h,dl Q{lt In wlltlOg promptly notify the Camp,IOY of any such rejectIOn by re.1"on of claImed un- m.ltket"hdlty of tnle, then ,ill liability of tht' Comp,lOY 10 regard to the subject m,ltter of "uch .ICtlon proceeding or mJ.!ter <;ba11 ce.ISe .lOd termlOate, proVided however. th.1t f,u]\11e to noufy Sh.1ll 10 no C.l<;e prejudice the claim of dny In~ured unle\<; the Comp.my <;hall be actually preJudICed by !omh failure ,lOd then only tn the e'(tent of such prejudIce (c) The Company ~h:lll have the n~bt J.t ItS own cost to lO"otutc and pro<;ecute .my actlon or pcoleedlOg or do any other act whICh In It<; oplOlOn mdY be neceS<;,lry or desuable to e<;tahlr<;h the tide of the estate or mterest or the lien of the mort- g,lge a<; Insured, and lhe Company m,\y t,lke any applOprr,ne .1OHlO under the term" of thiS polIcy whether or not It <;ha]1 be Iidble thereunder and shall not thereby (onlede Irabdlty or w,llve any Provl"lon of thiS policy (d) In all l.l<;es where thiS polICY per- lllltS or requlre\ the Company to pro"tcute or prO\ Ide for tht defen<;e of any actIOn or pcoceedm~, the In<;ured shall secure to It the nght to "0 plO~etllte or proVIde de- fen<;e In <;uch ,ldllm III pcoceedmg, and all appeal!> therein and permit It to use, at It... optIon, the name of the 100ured for such purpo~e Whenever requested by the Com- Pdny the Insured <;hall give the Company .11l re,l<;onabk ,lid 10 any \llCh actIOn or proceed 109, 10 eUeum,/.: <;ett]ement, \ccuCln,g e\'1dence, ObtamlOg wJtlle<;~ec; or pro<;ecu- trng or defendrng such ,Ictlon (Jr proceed- Ing, ,mJ the COlllp,lOY <;h,llj rl1mhur!oe (he Insured fur any e>.pen<;e so IOcurred 5 NOTICE OF LOSS - LIMITATION OF ACTION In ,lddJtlOn to the notrce<; n.qulfC.'d under p.lfagr,lph 4(h), a <;!,Itement In wntlOg of ,Iny lo<;~ or damage for v,'hlch It IS clJ.lmed the Company IS hable under thl<; polrcy "hall be furOl"heJ to the Company WIthIn <;I},(y JJ.Ys after smh loss or damage shall have been determlOt.d and no fight of actIon "hall accrue to the InsUleJ undcI thiS policy untt! thirty d.1YS after smh <;t..!tement shall h.lve been furnished, and no relOvery !oball be h.1d by the Insurld under thIS policy unless dctlOn Shdll be commenced thereon wlthm fIve year<; .Ifter eXplr,ltron of <;.ud thrrcy day penod FadUlt 10 fUfOl<;h such statemt.nt of los<; or dama,gt, or to commence !ouch dcunn WlthlO tilt time herelObdore <;ptufled, <;h.dl bl: ,I con- clUSl\t' bar dgalnst malntt.n.lott' by tht In- surtd of dny ,!CtIOn under thl" POill \' 6 OPTION TO PAY, SETTLE OR COMPRO- MISE CLAIMS 'fht Comp,IOY shall h,lve th~ option tll P,I}' or <;eerle or CU1llproml\e for or 10 tht n,llne (If the Insured any cl.um lO"ultd .Ig,un,t or to pay the full ,ltlHlunt of th", pullt} or, 10 case lo\s IS (1.lImed undt r thr" I'olll}' by the ov.ner of the IOdtDttJnt...... !>ecurtd hy a mortga,l:;t cov<::red hy [h", pohty the Company shall have th~ optIOn to pun hdse saId IOdebtednl:s<;, \uch pur- lll'lse, pd}mcnt or tender of payment of (Condrtrons and Strpulatlons Continued and Concluded on Lost Page of Thrs Polrcy) TO 1012.1 AB C California lond lUIe ~oclatlon Standard Cowrago Policy-1963 SCHEDULE A t L. 7, c-?l PremIUm $ 7 -..J <./ Amount $ 2 ,~OOO .00 Effective Date March 6, 1968 at 8 a,m. Pohcy No 6725950 INSURED CITY OF ARCADIA, a municipal corporation. 1. , Title to !he 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 ill Schedule C covered by this policy IS a fee. SCHEDULE B 'Ibis 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 hens by the records of Qny taxmg authority that leVIes tilxes or assessments on real property or by the pubhc records. 2 Any facts, rights, interests. or clarms whIch are not shown by the public records but which could be ascertal11ed by an mspectlOn of said land or by makmg mq ulry of persons In possessIOn thereof. 3. Easements, clorms of easement or encumbrances which are not shown by the pubhc records 4 DIOCrepo.ncies, conflIcts in boundary hnes, shortage In area, encroachments., or any other facts which a correct survey would disclose, and willch are not shown by the pubhc records 6. UnpflteI1ted mining claIms, reservations or exceptIOns In patents or m Acts author~zmg the Issuance thereof, water nghts, claims or title to water. TO 1012.1B Coni. C CalifornIa land Till. Anaclallotl St(lnd.a.rd. Cov.r(l'a. Polic.y.1963 S C H E D U LE B - (Continued) PART II 1. General and special county and city taxes for the fiscal year 1968-1969, a lien not yet payable. General and special for the fiscal year Second Installment county and city taxes 1967-1968 $307.97 Parcel No. 5785-10-6 ? Covenants, Executed By Recorded conditions and restrictions in the deed Peter L. Cuccia in booK 830 page 343, Official Records 3. Covenants, conditions and restrictions in the deed Executed By Rudolph H. SchwarzKopf Recorded in book 1064 page 296, 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. " TO lOI2-1-1Q56.IC C American land Tltlo AssociatIon loon PolIcy AddItional Coverage-1962 0' Cal,fornlo land Tille Assoclatlon Standard Covorage Poltcy- 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 lot 38 of Tract No. 4869, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in booK 52 page 13 of Maps, in the office of the county recorder of said county, described as follows: Beginning at the northwest corner of said lot 38; thence easterly along the northerly line of said lot to the beginning of a tangent curve concave southeasterly having a radius of 15.00 feet and being tangent at its westerly terminus to the easterly line of the ~esterly 17.00 feet of said lot; thence southwesterly along said last mentioned curve to its said last mentioned point of tangency; thence southerly along said last mentioned easterly line to the northerly line of the southerly 90.00 feet of said lot 38; thence westerly along said last mentioned northerly line to the westerly line of said lot 38; thence northerly thereon to the point of beginning of this description, . .... ~i' 'c ;\...1 . vc , , :...0" )....' > " ...~ v-..' --I .c.... r ,-' I -) .....yo LOTS 1 AND 2, 38 TO 41 OF TRACT NO. 4869 N ------ ~~~~- ~~ imUHru )l'ihm ~ //~"~-<i>\@.. ~\~w'''' -- ~I~!f: /' @J~ , <\<<" I 55' !Ivy/ S7b.l~ / r~ \ , I I ':::::. ~l I ,'1 ~ I 2 ( Ul ~QI .. '" ~ L ~l '" ~, 7.--.c ;", ,," ,I . ~, I \' \'1(\'1 I \~ '1' I .r4 b~" I , AlL?PMA;V' t, AVE 90 ~ \ \ IEMO;..i AVE ~ () a f'\t ~ " "' 11',y'"'' ...7,41-~~ OJ\\ " " ......~ \ r... i\ \ ~ I ,9. 8"6 L.EA1tJ;(/ AVE. @ ThIS is not a surve Tlfle Insurance and T, 11; e land but is complied for mformatlon by the ~r mpany from data shown by the offiCial records '.' v. " CONDITIONS AND STIPULATIONS (Contrnued end Concluded From Reverse Side of Policy Face) lhe full amount of thl" polKY, together \\ I(h all costs, attorney... fee.. and expen"e~ \\ hKh the Company IS obligated hereunder to pay shall terminate all llabillty 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 ..uch Indebtedness ..hall transfer and assign ..,w\wdebtedness and the mortgage secunng the same to the Company upon payment of the purchase pnce 7 PAYMENT OF LOSS (a) The Itabrlay of the Company under thIS polley shall In 00 case exceed In a\l, the actual loss of the Insured and COSts and ,tttorneys fee<; whIch the Company may be obligated hereunder to pay (b) The Company WIll pay, In addlt\oo to any loss Insured agamst by thiS pohcy. .Ill co...ts Imposed upon the Imured In Ith- gahon earned on by the Company for the Insured, and all costs and attorneys' fees In lltlgatlon carned on by (he Insured With the wfl[ten authoflzatlOn of the Company (c) No claim for damages shall aflse or be maintainable under thiS poilcy (1) If the Company. after haVing received notice of an alleged defect, lien or encumbrance not excepted or excluded herem remove.. such defect, lIen or encumbrance wlthm a reasonable tlme after receipt of sueh nobet' or (2) for lIability volumanly a..sumed by the Insured In settlmg any c1alOl or SUit without wntten conscnt of the Company. or (3) 10 the event the title IS reJened as unmarketable because of a defect hen or encumbrance not excepted or excluded 10 thiS poilcy, until there has been a fmal determination by a court of competent Jun..- dICtIon sustalOlOg such rejectIOn (d) All payments under thIS polley, ex- cept payments made for co..tS, attorneys fees and expenses, sh,lil reduce the amount of the msutanee pro tanto and nn payment shaH be made Without prodUCIng thiS policy for endorsement of such payment unles.. the poilcy be lost or destroyed In which case proof of such loss or destructIOn shall be furntshed to the ..atlsfactlOn of the Com- pany, proVided, however, If the o\\oer of ,10 Indebtedness se(ured by a mortgage:: ,110\\ n 10 Schedule B IS ,In In<;ured herem the::n such pavment.. shall not reduce pro tanto the amount of the Insurance afforded hereunder a.. to such Insured, eHept to the extent that such payments reduce the .lmount of the IOdebtedness secured bv such mort- gage Payment 10 full by any person or voluntary satisfactlon or relea~e by the In- "UI ed of a mortgage covered by thiS policy ..h,11l terJnlOate all Ilahtlny of the Company to the Insured owner of the IOdebtedne..s ~t"Cured by such mortgage, e"{cept as pro- Vided 10 paragraph 2 hereof (e) When liability has been defwltely fIxed m accordance wnh the condUlon". of thl" poliCY the 10"05 or dama~e shall be pay" able within thIrty days thereafter 8, LIABILITY NONCUMULATIVE It IS expressly understood that the amount of thiS poilcy I" reduced by any amount the Company may P,IY under any policy IOSUflOg the validIty or pnoflty of any mortgage shown or referred to In Schedule B hereof or any mortgage here- after executed by the Insure::d which IS a charge or hen on the estate or IOcere..t desctLbed or refereed to to Schedule A, and the amount so paId shall be deemed a pa}- ment to the Insured under thIS pollcy The proVISIOns of thl" paragraph numbered 8 shall not apply to an Insured owner of an Indebtedness secured by ,t mortgage shown In Schedule B unless such In..ured acqulfc.. tItle to saId estate or lntere::'>t In satisfactIOn of ..aId IOdebtedness or .lny part thereof 9 SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company ..hall have se{{le::d a dalm under thiS poltey, all right of sub- rogation shall vest 10 the Company un- affected by any act of the In..ured, and It ..hall be subrogated to .lnd be entitled to all fights and remedle.. whICh the Insured would bave had agalOSt any per,,>oo 01 prop- erty In respect [Q such claim had thiS policy not heen I..sued If the payment does not cover the loss of the Insured. the Company ..hall be subrogated to such tights and remedies m the proportIon '" hlCh ..aid pay- ment beMs to the amoum of ..aId loss If @ 10"" ...hou!d rl'ult fwm .IO} ,lO of the In- ,>ured, ,uch .Ilt ,h.l[[ not VOId thl' pullcy hut the COIl'I,.ln}, In th,lt t\Ul( ..lull he rt"qulled HI P,IY onl\ th,1( p.lf{ of .\OY losst".. In"uru! ,l~aJO't helcum!t..r Whllh ..hall e:x- cct"d the ',Ilnount If ,In}, lo,t to the Com- pJ.ny hy (e<t~on of the Ilnpalrmcnt of lhe:: fl~ht of 'iUbro,g,ltlOn Tilt: In,>ured, If re qw:sttJ br rhe Company, ..h,tll tr,lmfer to the Company all fl~hh ,1Od rern(:dlt~ ,lg,lll1't ,my person or property nele.....lry 10 nrdu tll ptrfe([ ..ulh fight of 'Uhr()~,ltl()n, and ,h,dl permit the Company TO u..e tilt name of the In...ured 10 any Ir.\O..actlOn ()[ litigatIOn InvolvlOg ;;uch fight;; or rellltdles 1f the {mUTed I'" thl ownltr nf the In- dtbtedm....s scxured by ,I mortgage covered by thl'> poltc}', such Imure::d m.lY release or ~ub'>fltute the per;;onal liability of any debtor or guarantor or extend or otherwlst modify the terms nf p.lyment, or rde,t..t a portion of the e'>t,lte or lnttrt..t fmm the lien of the Olortg.l~l' or rlk,l~e:: .lny col- btual ..ecuClty for the lndeht<..dn('~,> pro- \ lded ...uch .1et dOb not re...ult 10 .lny \0"." of pnllfHY of the hen of tht' mortgage 10 POLICY ENTIRE CONTRACT Any .IC[lon or altlOns 01 fight.. of ,KtlOn t1ut the !n..ured may h,IVt' or Illay bnng .l,gJIn,t the Comp,IIlY .In"ln~ out 0' tht' ..t,uu" of the hen (If tht mOl tg.lge covered by thl~ POhlY or the utle of rht e..t.ltt 01 lOtl:TI:'I1 lO".UTl'l\ herem mU'It hr.: h,l...ed lln the ProvI'lom of thl" poll(Y No proVISIOn or condItIOn of thl;; pollcy l.ln ht.' waived or changed exetpt by wfltlng e::nJor'ed ht..teon or .lttached IH..r<..tO \Ignl.d bv the Pre"ldent a V Ill' Pn:'>ldent tht St.cn:t..lq', an AS"I:>tam Stuet,lry or other \,tlIJ,ltlOg officer of tht: Comp,IOY T 1 NOTICES, WHERE SENT All notice.. rt:qUlred to bt glvln till Com- p,IOY and any statement 10 \\'rl(llll( lequlfed to hl' furnished the Company ...h.lll he ,td~ df(..\~ed to It at the uffLce \\'hll.h L~sul.d thl~ policy or to It.'> Home OfflCl j B South Spnn,l.: Slreet Los AnFele.. ~4, Ca]lfof(1la 12 THE PREMIUM SPECIFIED IN SCHEDULE A 15 THE ENTIRE CHARGE fOR TiTlE SEARCH, TITLE EXAMINATION ANO TITLE INSURANCE Title Insurance and Trust Company FOUNDED IN '8g3 POLICY OF TITLE INSURANCE Offermg complete title serVlces throughout the state of CaIlforma wlth Just one local call. Complete tale servtees also GVal/able In the states 0/ Alaska, Nevada, Oregon and Washmgton through subsldlary Compames. Title Insurance and Trust Company Home Office 433 South Spring Street Los Angeles 54, CaJiforn;s