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HomeMy WebLinkAboutD-1589 '. " ll: (~ . , . (~h .' STATE OF CALIFORNIA, ) ) ss, COUNTY OF LOS ANGELES, ) \ . On February 27, 1968, before me, Jean Riggs, a Notary Public in and for said county and state, personally appeard Lewis C. Pollard, Jr., known to me to be the person whose name is subscribed to the annexed instrument, as a wit- ness thereto, who being by me duly sworn, says: That he resides in the City of Arcadia, California and that he was present and saw Russel J. Matthews and Madge M. Matthews who are personally known to him to be the same persons whose names are subscribed to the annexed instrument, sign and deliver the same and that he then acknowledged to affiant that hey executed the same; and that said affiant'subscribed his name thereto as a witness, Nota , Public in and fo and State , '/? said County _ ~ A A . _ ~~..~\,...~__ My commission expires: JEAN RIGGS My CommisSion Expires April ~, 1969 1 iP ~ ,\'1 RIGGS I ,~ ~_'\ ['.OJ _ _,.',ufORNIA .i r _ VI ~jCE ItJ , l'--J':' ",:','-,:::Lc5 COUNfY . ~ y . y y y ; . ~ . . . .-. T . . . .. . CITY OF"ARCADIA & ?..?$ Pol" -/VWs-jlj AND WHIEN IIII:CORDIED NAIL TO ;jU~ ~'rD3g'Z7r~ f9S ~." ,', ..___,,_........... ...__..._....~.... 1011 RECORDED IN OFFICiAL RECORDS OF LOS ANGElES COUNTY, CALIF, FOR TITLE INSURANCE 8< TRUST CO. 1968 AT 8 A.M, I Nom. Ci ty Clerk P.O. Box 60 I MAR 1 FEE $2.80 2R 51,...t Addr... Clt, & stateL RAY E, lEE.. Count:t Recordet _ Arcadia, Calif. , ~ , MAIL TAli STATEMIl'<<S TO SPACE ABOVE THIS LINE FOR RECORDER'S USE I I Na",. Ci ty of Arcadia I 1968 'Z , A '<:: \.i ... " ~ \) ~ "- \J Str_t Addr... CIty & Slat. L ,I() C~_\' '~\;.\'( - 1''"' ~0'1>\..\c., t;l'<\. 'I'\~ \f'J- ';>, :pIT ? ~ AFFIX Ht:So S.../~ ..$.IN THIS SPACE Grant Deed TO .40.5 C THI6 FORM FURNISHED BY TITLE INSURANCE AND TRUS" COMPANY FOR A VALUABLE CONSIDERATION, receipt of whIch is hereby acknowledged, RUSSEL J. MATTHEWS and MADGE M. MATTHEWS, J ~ 7/1.7/1, IJ. IT /J/f ~<;.!ir,.,.~jN'f(!f) to the C,!TY OF ARCADIA>-a Municipal Corporation ~ # BR eaS~Q~t 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 County of Los Angeles City of Arcadia, , State of Califorma: The westerly 17.00 feet of the northerly 52 feet of Lot 40, measured along the easterly line of said lot, of Tract No. 4869, in the City of Arcadia, in the 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. ,. l::l t<1 U1 n '" ::0 ..... 0 ?' c '" ::0 " ::j ) , -l " t<1 , :z " OJ < -< STATE OF CALIFORNIA COUNTY OF LOS ANGELES }ss. ~;f!~~ 7J~dk~~ 7/(~-<=<h-___' adlte M. att ew 1'~:t;''''''3f<'~ e.(Ld.....,( ~ ., " Dated :;2,~:<'7-C'? 'l . On before me, the under. Signed, a Notary Public in and for said Slate, personally appeared Russel J, Matthews and Madge M, Matthews known to me to be the person6.....--.-whosc name j:l ;:IrA subscribed to the WIthlll Instrument and acknowledged that executed the ssmf' WITNESS my hand and offiCIal seal. Signature Name (Typed or Printed) (Thl~ all'a COI omrlal notnllll 61'&1) Title Order No. Escrow or Loan No. MAil TAX STATEMENTS AS DIRECTED ABOVE "." . " ., '.. "4 ( , - ". . - .. . '-. GRANT DEED GRANT DEED Title Insuran&; , and Trust Company Title Insurance and Trust Company '.." COMPLIlTI!: STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL COMPLETE STATEWIDE TITLE tllrRVICE wrTH ONE LOCAL CALL .. . ... - -' ..... ~ \ .,<, '.. CITY COU,NCIL DON W HAGE MA.YOR City of Arcadia C ROBERT ARTH ""....YOR PRO TEloII EDWARD L BUTTERWORTH ~OBERT J CONSIDINE JAMES R HELMS. JR ~ 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H COZAD CITY "'''NMiE~ CHRISTINE VAN MAANEN Ct,.y CLERK 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. 24 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, ~~ City Attorney RDO:jh Ene. ~ MAILING ADDRESSES CITY HALL POBOX 60 91006 UBRARY 2.0 W DUARTE RO....O 91006 POLlCE DEPARTMENT P 0 SOX 80 91006 FIRE DEPARTMENT 7105 SANTA ANITA AVE 91006 TELEPHONES 448.4471 . 1581-0276 446.7111 447.2121 446-2128 ~,,:, . -'~ -: . . , ' . , . MARX: H. BLOODGOOD AUDITOR_CONTR01.1.ER ,v - COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER ROBERT A. GI1.1. CHIEF DEPUTY 153 HALL OF ADMINISTRATION LOS ANGELES. CALIFORNIA 90012 J R. PASSARE1.LA., CHIEF. TAX DIVISION 625.3611 February 21, 1969 RECEiVEr FEB 27 19fi:j City of Arcadia 240 WeBt Huntington Drive Arcadia, California Attention: Robert D. Ogle City Attorney Re: Baldwin Avenue Parcel No. 24 RUBBell J. and Madge M. MatthewB - QrantorB CITY OF ARCA CITY '\TTORNEY Gentlemen: Pursuant to your letter dated May 9, 1968, taxes have been cancelled in accordance ~ith Section 4986 of the Revenue and Taxation Code. This cancel- lation ~as ordered by the Honorable Board of Super- visors October 22, 1968 by Authorization No. 06168. Very truly yours, llARK Ii. BLOODGOOD , Auditor-Controller ,;<f('A By J. R. Passarella, Chief Tax Division _ JRP!El'1p/tc v ...-- ~ - \ .z+ "f0 1012-1 F C California land Title AssociatIOn Standard Coverage PoliCY Form COPYright 1963 1893 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company TJtle Insurance and Trust Company, a CalJforma 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 msures the parrIes named as Insured In Schedule A, the heirs, devIsees, personal representatlves of such Insured, or If a corporation, its successors by dlssolutlon, merger or consolJdarion, agaInst loss or damage not exceedmg the amount stated 10 Schedule A, together wlth costs, attorneys' fees and expenses WhICh the Company may become obltgated to pay as prOVIded in the Condiuons and StIpulations hereof, WhICh the Insured shall sustam by reason of Any defect In or hen or encumbrance on [he Iltle to the estate or Interest covered hereby In the land descnbed or referred to In Schedule C, eXlstlOg at tht' date hereof, not shown or referred to In Schedule B or excluded from coverage In Schedule B or In the Conclmons and StipulatIons, 01 2 UrunarketabIiuy of such tItle, or 3. Any defect 1fl the executlOn of any mortgage shown In Scht'dule B secunng an mdebtedness, the owner of which IS named as an Insured 10 Schedule A, but only Insofar as such defect affects tbe hen or charge of said mortgage upon the estate or Interest referred to In thiS poltcy, or .4 Pnorlty over said mortgage, at the date hereof, of any llen or encumbrance not shown or referred (Q 10 Schedule B, or excluded from coverage 10 the ConditIOns and StipulatIOns, said mortgage bemg shown In Schedule B m the order of Its pnonty, all subject, however;'tb'-t}}'p:'\~"VlslOns of Schedules ^, Band C and to the CondItIOns and StipulatIOns _~ c "'\ hereto annexed~ ....~C<.. AND 'TI?(; '\11 - ,,"". 0000000 ~),. I : 'J~ oO~e. lS PFiOooo ,- Ii ,;:r C, oO~O"" ,.~ 0 .1""\ ~ ,,~OO~ ~{l;c;J:~n~...WrlJitfSs"'W.hereof, Title Insurance and Trost Company has caused Its :;~o~r,~ ~';"A\o"::,.!J % t.&.I 0 '" >>- c'?FRoratCI name and seal to be hereunto affixed by Its duly authoClzed offtcers ~ -J g(:-,~:::, oj,1t1id:date ~h~q.n Schedule A, ~ !:: g-~ ~ . ~i~Llg Z ~ ~ I- ':, : /4. 7fj 11'.- 0 ..... ~ ~ 0 " ':\\'&~~~~' 1" ",-g ;:; ~) .{r OoS-A :~'"<'-~ .c'~ ~'vo )} ~ 'I 00,' t$" ~~) -_, ~~p:.: ~v 0 ;. III <'0 00~r4TE ~IS GU~ooo ~',5 III ~ >4 00000000 '\..",v E '\" NGELES, ..:::::-- \\\\",'''~,~ Title Insurance and Trust Company by ~~ r:SIDENT Attest 0Lu lff~ SECRETARY CONDITIONS AND STIPULATIONS DEfiNITION OF TERMS The followIng terms when used In thiS POliCY mean (a) "land" the land descllbeJ, specifIc- ally or by rdc-fence, 10 Schedule C and Improvements affixed thereto which by law consmute real propeny, (b) "puhl1c records" those records which Impart Constructive notice of matters relating to saId land, (c) "know!<;:dge" actual knowledge, not constructive knowledge or nouce whIch may be Imputed to the Insured by reason of any publIc records, (d) "date" the effectIve date, (e) "mortgage" mortgage, deed of trust, trust deed, or (}thee security instrument, and (f) "Insured" the party or parties named as Insured, ar,d If the owner of the 10- debteJness seelHed by a mortgage shown In Schedule B I~ named as. an Insured In Schedule A. the lnsured shall mclude (1) each successor In Interest m ownership of such mdebtedness, (2) any such owner who acquires the f:state or IOterest referred to m thiS policy by foreclosure, trustee's sale, or other legal manner In satl'.fanlOn of said Indebtedness, and (3) any federal agency or instrumentalIty which IS an 10- surer or guarantor under an msurance con- trace or guaranty IOsunog or guaranteelO~ ~ald mdebtedness, or aoy part thereof. whether named as an Insured herem or not, subject otherWise to the provIsions hereof 2 BENEFITS AFTER ACQUISITION OF TITLE If an msurf:d owner of the mdebtedness ~ecured by a mortgage descnbed 10 Sched- ule B acqulre~ ..aid estate or Interest, or .loy part thereof, by foreclosure, trustee'S sale, or mher legal manner In satisfaction of said mdebtedness, or any part thereof, or If a federal agency or Instrumentailty acqulI es ..aid t:state or mterest, or any part thereof, as a consequence of an Insurance contract or guaranty lOsunng or guarantee- 109 (he IOdebtedness secured by a mortgage covered by thiS poltcy, or any part thereof, thiS polley shall contmue 10 force In favor of such Insured, agency or In~trumentalJty, subject to all of the conditIOns and stipula- tions hereof. 3, EXCLUSIONS FROM THE COVERAGE OF THIS POLICy ThIS poilcy does oor Insure agalOst lo~s or damage by reasons of the follOWing (a) Any law, ordmance or governmental regulatIOn (1l1cludmg but not IlmHed to buddlOg and ~onlng ordloJoces) restncClng or regulating or prohIbIting the occupaocy, u..e or enjoyment of the land, or regulating the character, dimensIOns, or locatIOn of Jny Improvement oow or hereafter erected on <;ald land, or prohlbmng a separatIOn 10 owner..hlP or a reductIOn m the dImenSIOns or ared. of any lot or parcel of land (b) Governmental fights of police power or emment (Jomaln unless notice of the ,-xefCl"e of such fights appears In the public reulrds at th~ date hereof (c) TItle to any property beyond the lines of the land expressly descflbed In Schedule C, Qr title to sereets, roads, ave- nues, lanes, ways or waterways on which such land abut.., or the flJ:::ht to maIntain therem vaults tunne].., ramp.'. or aoy other structure or Improvement, or any fights or easements therem un Ie.... thiS policy speCIfIC- ally proVides that ..uch property lIghts or easements arc msured except that If the land abuts upon one 01 more physlCall} open streets or hlghwJY" thl" polH.Y Imures the ordinary rights of ahmtIng owners fOf access to one of stich ..ereets (Jl highways unless otherwl~c ell.lepkd 01 excluded herem (d) Defects, hens, encumbranet:.., adverse claims agamst the Cltle as msureJ or other matters (I) created, ..uffered, assumed or agreed to by the In..ured c1almmg lo..~ or damage, or (2) known to the Insured Claimant either at the daee of thIS policy or at the date such In..ured Claimant ac- qUIred an estate or mterest IOsureJ by thiS poltcy and not shown by the puhltc records, unless dl..c1mure thereof 10 wflt10g by the Insured shaH have been made to the Com- pany prior to the date of thiS pollcy or (3) resultlOg 10 no [ass co the Insurcd Claim- ant, or (4) attachIng or created sub..equenc to the date hereof (e) Lo..s or dama~e whICh would not have been wstalOed If the Insured wcre 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 (I) for the defense of the Insured In all IlUgatlOn conSlselng of actIOn.'> or proceedIngs com- menced agalOst the Insured, or defenses, resrcammg orders, oc In,uncctons mrerposed against a foreclosure or sale of the mort- gage and mdebtedness covered by thiS policy or a sale of the estate or mtere..t In said land, or (2) for such actIOn a.. may be appropnate to establtsh the tlt]e of the estate or mterest or the lien of the mort- gage as Insured, which IttlgatlOn or actIOn In any of such events IS founded upon an alleged defect, hen or encumbrance in- sured agalOst by thl~ POlICY, and may pur- sue any litigatIOn to fmal determinatIOn 10 the court of last resort (b) In case any such actIOn or proceed- 109 shall be begun, or defense Interposed, or In case knowledge ..hall come to the In- sured of any claim of wle or IOtere..t which IS adverse to the wle of the escate or in- terest or lIen of the mongage as IOsured, or whIch might cause loss or damage for which the Company shall or may be hable by VII cue of thiS polilY, or If the Insured shall 10 good faith contract to ..ell tbe 10- debtedness secured br .l monga,{;e CO\ ered by thiS POliCY, or, I an Insured 10 good faIth leases or contracts to ..ell, lease or mortgage the same, or If the successful bidder at a foreclosure .'.ale under a mort- gage covered by thIS pollcy refu"e~ to pur- chase and m any such event the wle to said estate or IOtereSt IS reJected as un- marketable, the Imured shall notify the Company thereof 10 wrltmg If such notice shall not be given to the Company WlthlO ten days of the receipt of process or plead- lOgS or If the Insured sh.llI not, In wfltmg, promptly notIfy the Company of any de- fen Ilen or encumbrance IOsured aJ::::l1nst whIch shall come to the knowledge of the lnsured ur If the lnsured shall noc, HI wfltmg, plOmpt]y notify the Company of any such rejectIOn by reJson of claimed un- m.lrketabdny of tnle then all habdlty of Ihe Company m regard to the subject m.ltter of '>uch action, proceedmg or matter shaH cease and termlOate, prOVided, however, that failure to notIfy shall IQ no ca..e prejudIce the claIm of any In..ured unlc~.. rhe Company shall be actually prejudiced by such failure ,lnd then only tn the extent of such preJudice (c) The Company shall have the nj::he .It ItS own lmt to m..otute and prosecute .IOY actIOn or proceedmg or do any other act which 10 Its oplOlOn may be neces..ary or deSIrable to establish the tIt]e of the estate or Interest or the lien of the mort- gage as m..ured, and the Company may take any applOpnate actlun under the term., of thIS policy whether or not It ~hall he hable thereunder and shall not thereby concede liability or waive any provl"lon of thIS policy (d) In all ca..es whete thl" policy per- mlts or requJres the Company to pro.'.l'(llte or proVide for the defen..e of any .lCtlOO or proceedmp;, the Insured shall secure co It the fIght to "0 prosecute or prOVide de- fense In such actIon or proceedIng, and all appeals therein, and permIt It to use, at It" option, the name of the In~ured for ..ueh purpose Whenever requested by the Com- pany the Insured shall give the Company all reasonable aid In any such actIOn or proceedlOg, 10 effectlOp; settlement, secunng eVIdence, obtalnlOg WItnesse-., or pro.,ecu- hng or defendmg such actIOn or proceed- mg, and th~ Company ~hall reimburse the InSllred for any expense so IOcurred S. NOTICE OF lOSS - LIMITATION OF ACTION In addlUoo to the notIce.. reqUIred undel paragraph 4 (b), a statement 10 wfItmg of any loss or damage for which It IS claimed the Company IS Itab]e under thIS policy shall be furnished to the Company WithIn sixty dJYs after wch loss or damage ..hall have been determlOed and no nght of action shall accrue to the Insured under thiS policy until thIrty days after such statement shall have been furnl~hed, and no recovery shall be h.ld by the Insured under thIS polIcy un]e..s .ICtlOn shall be commenced thereon wlthm five years after explfatlon of said thlfty dar penod FaIlure to furOlsh such starement 0 loss or damap;e or to commence such actlOn WlthlO the time herembefore specified, shaH be a con- clUSive bar Jgamst malOtenJnce by the In- sured of any actIOn under thiS poltcy 6 OPTION TO PAY, SETTLE OR COMPRO- MISE CLAIMS The Company shall have the opClon to payor settle or comproml..e for or 10 thl name of the Insured any claim Imured agamst or to pay the full amount of thiS pohey, or, 10 case loss IS claimed under thl" policy by the owner of the Indebtedne", secured by a mortgage covered by thl.'. polICY, the Company shall have the optIOn to purchase said Indebtedness, such pur- chase, payment or tender of payment of {Condlt/ons and StIpulations Continued ond Concluded on Lost Poge of ThIS Policy) TO 1012-1 AD C CalifornIa Land Title AssociatIon StClndClrd Coverage Pohcy-l963 SCHEDULE A Plemlllm $'fo .00 Amount $ 2 J 000 . 00 Effective Date March 1,1968, at 8 a. m. Policy No 67 25 954 INSURED CITY OF ARCADIA, a municipal corporation. 1. Title to the estate or interest covered by this policy at the date hereof is .vested ill CITY OF ARCADIA, a municipal corporation.' 2, The estate or interest in the land described or referred to ill Schedule C covered by this policy is a fee, SCHEDULE B This policy does not insure against loss or damage by reason of the following PART I 1 Taxes or assessments which are not shown as eXIstIng liens by the records of any taxing authorIty that leVIes taxes or assessments on real property or by the pubhc records. 2. Any facts. nghts, mterests. or claIms whIch are not shown by the pubhc records but whIch could be ascertamed by an mspectJon of saId land or by makmg mqUlry of persons m possession thereof. 3. Easements. claims of easement or encumbrances whIch are not shown by the pubhc records. 4. Discrepancies. conflICts in boundary lmes, shortage In area, encroachments., or any other facts wmch a correct survey would dIsclose, and whIch are not shown by the pubhc records 5. Unpatented minmg claIms, reservatIons or exceptlOns In patents or in Acts authorIzmg the ISsuance thereof, water nghts, clauns or tItle to water. aD TO 1012-18 Conf. C CoJlfar/'lla Land 11t1. Alloclaflan Standa(d Coverago Polic:y-1963 S C H E D U L E B - (Continued) PART II 1'. General and special county and city taxes For the fiscal year 1967-1968, Second Installment : $168~07, Parcel 5785-010-010. 2. Covenants, Executed By Recorded Affects conditions and restrictions in the deed : Rudolph H. Schwarzkopf and wife : prior to February 15, 1950, in book 2138, page 326, Official Records. Superior Court February 7, 1968 ci1;y of Arcadia, a municipal corpora- tion, vs., Britta L. Albert, et 'al., : 926351, Los Angeles County public street purposes, and incidental purposes Parcel 24. 3. An action in th~ Commenced Entitled Case No. Nature of Action Notice of the pendency Recorded of said action was : February 9, 1968, as Instrument No. 3426, in book M 2772, page 966, Official Re~ords. TO 1012.1-1056-1C C Amencon Land 11tle ASSociatIon Loon Policy AdditIonal Covefogo-1962 0' California Land Title AssocIatIon Standard CoverdgO Pohcy-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: ~he westerly 17.00 feet of the northerly 52 feet of lot 40, measured along the easterly line of said lot, 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. ., . ~236 'Ie LOTS 1 AND 2, 38 TO 41 OF TRACT NO. 4869 '<l ~ .. , .. , . " -\'" ,,~': "," ' '~";' , ~"I~':' i '~'~ ~:.:~ , \" \ u' I r4.()~ ~ >~ , ~ ~ \ /Vbi' M"'?4I:~~-''':! I' t "'~: I ~5\' lit" \31';!...90 ''''';:'';''1 ) >f\i--~ ~... .'l 6:>.99 _ c:. ~ ~ ';9~ ~ [, ,:;:, ':1 / ~'''~ \L:;-};\ " '''''Vv; ~~ ~~A \~ \\ ":"") , ' j ! ~ ~1(),I" AVE o a .9. HJ6 1. L:" AA~ A 'E. ~rYlf./' nil. , @ ThiS is not a surve ~~ he land but IS complied for Informa/Jon by the Tlfle Insurance and usf ompany from data shown by the official records CONDITIONS AND STIPULATIONS (Continued ond Concluded From Re....erse SIde of PolIcy Foce) the full ;lmount of this policy. together \\ nh all (osts, attorney..' fees and expen..es \\ hlCh the Company IS obligated hereunder to pay. ..ha[[ termm,lte all lIability of the Company hereunder In the event. after nntlce of d~l.Im has been gIven to the Com- pany by the Insured. the Company offer~ to purchase said mdebtedness. the owner of such mdebtedness shall transfer and a....lgn ~ald Indebtedness and the mortga~e securing the ~ame to the Company upon payment of the purchase pnce 7 PAYMENT OF LOSS (a) The habdHY of the Company under thIS policy ~hall 10 no case exceed. III all. the JctuJ.I loss of the Insured and co~t.. Jnd ,ltwrneys fees which the Company may be obligated hereunder to pay (b) The Company wII! pay, 10 additIOn to any loss Insured agamst by thiS policy, .111 CO..1S Imposed upon the Insured In \ltl- gatlOn c.lffled on by the Company for the Insured, and all costs and attorneys' fees JO Iitlgatlon carned on by the Insured with [he wntten authorization of the Company (c) No claIm for damages shall an..e or be mamtalOable under thiS policy (1) If the Company, after havlOg receIved notice of an alleged defect, hen or encumbrance not excepted or excluded herem remove" such defe<t, hen or encumbrance wtthtn a reasondble time after receipt of such notice or (2) for liability voluntarily a..sumed by the Insured In settling any claIm or SUit without Written consent of the Comp.lny, or (3) In the e\ent the tItle IS rejected as unmarketable because of a defect, lien or encumbrance not excepted or excluded m thIS policy, unul there has been a fmal determlOafJon by a coun of competent JUrl"- dICtlOn su..tammg such rejectIOn (d) All payments under thiS polICY, ex- cept pdyments made for COStS, attorney..' fees and expenses, shall reduce [he amount of the Irl"urance pro t;tnto and no payment shall be made WIthout producmg thiS poltcy for endo\<;ement of ..uch payment unle<;s the policy be lo~t or destroyed, 10 which case proof of such 10.... or destructIOn ..hall be furmshed to the satlsfactlOn of the Com- pany, proVided. however, If the o\\.ner of an mdebtedness secured by a mortgage shown In Schedule H IS an Insured herem then ..uch pavment.. shall not reduce pro tanto the amount of the lO..urance J.fforded hereunder as to such Insured, e:\cept to the extent that such payments reduce the amount of (he IOdebtedne<os "e<:ured by such mort- gage Payment 10 full by any person or voluntary satisfaction or release by the In- sUled of a mortgage covered by thl~ polICY sh,1I1 termlOate all habduy of the Company to the IOsured owner of the IOdebtedness secured by such mortgage, except as pro- Vided m paragraph 2 hereof (e) When liability has been deflOitely fixed m accordance With the condwon.. of thl~ policy the loss or damage shall be pay- able wlthm thIrty days thereafter 8 LIABILITY NONCUMULATIVE It IS expressly understood that the amount of thIS poilcy I~ reduced by any amount the Company may pay under any policy Insuflng the valldlty or pnotlty of any mortgage shown or referred (0 10 Schedule B hereof or any mortgage here- after executed by the In..ured which IS a charge or lien on the estate or mterest descnbed or referred to in Schedule A, and the amount so paId shaH be deemed a pJY. ment to the Insured under thIS policy The proVISIOns of thl" pJ.ragraph numbered 8 shall not apply to an Insured owner of an mdebtedness secu~d by a mortgage shown m Schedule B unless such Insured acqUIres title to saId estate or IOterest 10 satl~factJOn of saId IOdebtednes.. or any part thereof 9 SUBROGATION UPON PAYMfNT OR SEnLEMENT Whenever the Company shall have settled a claIm under thl~ pohcy, all fight of ::.ub- rogallOn shall ve~t 10 the Company un- affected by any act of the Insured. and It ..hall be subrogated to and be entitled to all fights 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 covel the los.. of the Insured, the Company ..hall Dc..> subrogated to such nghls and (('medles In the proportIOn which said pay- ment bears to the amount of said loss If 10.... should result flOm In} act of the In. sured mch act shall not VOId thl~ pohcy, hut the Comp.lny. In t11Jt event, shall be requlled to pay only that part of any losses msured agamst hereunder whIch shall e:\- ceed the amount, If ,my, lost to the Com- pany by reason (If the ImpaIrment of the fight of subrogatIOn The Insured, If rt'- quested by the Company, ..hall tr.lOsft'r to the Company all nghb and remedle~ a~alOst any person or property nelessary In ordtr to pc..rfect "u(h ngh[ of ..ubrogatlOn, and shall permIt the Company to use the name of the Insured In any tran"a(tlOn or litigatIOn IOVO!VlOg such nght~ or remedies If the Insured I" the owner of the Ill- debtedness secured by a mortgage covered by thl" pohcy. such Insured may release or ..ub..tltute the personal liabIlity of any debtor or guarantor, or extend or otherWise moddy the terms of payment, or release a portIOn of the e~tate or Imere..t from the hen of the mortgag(" or reJe.l~e ,my col- lateral ~ecuflty for the lOdebtedne~'" pro- \ Ided such act doe.. not remlr 10 any lus~ of prlOruy of the Iren of the mongage lO POLICY ENllAE CONTRA.CT Any actIOn or actIons or tlght~ of action th,\I the Insured may have or nuy bflng agam..t the Company an..mg nut OC the ~tatus of the Iren of the mortgage covered by thls pottcy or the ude of the ("'tate or Interest msured herem musl be based on the provlSlom of thIS polICY No provlslOn or condItion of thl~ policy l.to be walved or ch,toged except by WntlOg endor..ed hereon or attached hert'to Signed by the PreSident, a Vice Pre"ldent, the Sccret:lry, an AS..lstam Secretary or other \ JlJdatmg offICer of the Company 11 NOTICES, WHERE SENT All notices reqUIred to be gIven the Com- pany and any ..tatement 10 WrUIOl.: requited to be furnIshed the Company ~h,i11 be ad- dres..ed to It at the offIce which I~sued thiS polICY or to HS Home OffICe. 4'>3 South Spring Street, Lo.. Angeles 54, Caltforma 12 THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. @ Title Insurance and Trust Company FOUNOI!:D IN '81i03 POLICY OF TITLE INSURANCE Offermg com.plete tItle serVLces throughout the state of Call/orma wtth Just one local call Complete tltle sermces also avaIlable In the states of Alaska, Nevada, Oregon and Washmgton through subszdzary Compames. Title Insurance and Trust Company Home Office 433 South Spring Street Los Angeles 54, California "