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Home My WebLink AboutD-1587 . ~, " . . " ! . '< t I CERTIFICATE OF ACCEPTANCE ~~ 039ZnG I ( 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 instrwnent dated February 28, 1968 , from or executed by Virna M. Ruth and Gladys J. Ruth , is hereby accepted by the City of Arcadia by the order or authori- zation of the City Council of the City of Arcadia contained in Resolution No. 2963~ adopted January 21, 1958, and recorded in the office of the Recorder of Los Angeles County on January 29, 1958~ as instrument No. 3069 in Book 56448, Page 264, Official Records' of Los Angeles County; and the City of Arcadia consents to the rec rdation thereof by its dUly authorized officers. City Engineer Manager The document thus described is hereby approved as to form. ~~1t~~~~ " c,:) 0- o .T~ vVU un UJjO rb ,~, 0- /$-77 CITY OF ARCADIA ..,-,.-. ---..~ & 7 PS' 7Y? -,1/WS-/./. AND WHEN RECORDED MAIL TO RECORDED IN OFrlCIAL RECORDS OF LOS ANGELES COUNTY. CALIF. FOR TITLE INSURANCE & TRUST co. MAR 1 1968 AT 8 A.M. RAY E. lEE, County Recorder r- No",. City Clerk SIr..' P.O. Box 60 Addr.1I e,fy .. Arcadia, Calif. Stol. L .....All TAX Su.n.....ENT$ TO I ~ l FREE e. Nl SPACE ABOVE THIS LINE FOR RECORDER'S USE r- No",. Slrea' A.dd,... C"y .. Slole L >u~ I ...- ~ ..- City of Arcadia I':~' '0,/'.,1':"" o ,fJ- C(-~ /'.01':~ ~ '/v'U\..\c Grant Deed J:;> .J": J. AFFlX ~S nJ:I.5n ABOVE TO "IO~ C (4 67) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY <<. ..... <l !i::. \j ~ ~ ~ \J ~rOR A VALUABLE CONSIDERATION, receIpt of which IS hereby acknowledged, VIRNA M. RUTH and GLADYS J. RUTH ~e by GRANT(K) to the CITY OF ARCADIA, a Municipal Corporation, /AI rEe . ~iI BR easemeat for publ1c street and road purposes, to become a part of and to be known ~~- as Baldwin Avenue, in, on, upon and across .9th." folloWIng descnbed real property in the City of Arcadia, County of Los Angeles ,State of CalifornIa: The westerly 17.00 feet of Lot 39 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. t: ..... U EXCEPT the southerly 78.00 feet thereof. l::l ", tn n ;rl 1ii ::! 0 ?' n ::E :I: '" .I '" n :j ^ '" ", 0 z OJ OJ -< -< D-' ~""1-' 1, ( · t r ~ STATE OF CALlFORNIA }ss courfEi: OF LOS ANGELES . On -fSR0Af:..Y :z li) /16fl before me. the unde'~ signed, a Notary PublIc In dnd for Sdld Stah';- personally apPcdTcd Virna M. Ruth and Gladys J. Rllth WITNESS my han . known to me subscribed to the wtthlll executed the same, :-- _ ~ A ~ _ _ _ _ _ _ _ _ _ _ Signature "'" I i) JEAN RIGGS \ <> . NOTARY PlJ6L1C, (,.A~'fOeN'^ P~:NCIPA( Of"C~ ,,., W$ AN(i~~t~ ';;OVtl/'l _ _ ~ ~ r r . ~ T T T v ~ T ~ r , 9 _ ? J N RIGGS My CommissIon E)(oire" April t; 1 QI.O Name (Typed or Prmted) (Thh Ilrll. (OJ "rrklal notarial st'lli) . TItle Orde, No. Escrow or Loan No. MAil TAX STATEMENTS AS DIRECTED ABOVE ;''=' GRANT ,DEED GRANT DEED , , ~ ;-! ''< Title Insurance and Trust Company Title Insurance and Trust Company . .', ; ,'.( COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL COMPLETE STATEWIDE TITLE SERVICE WITH ONE LOCAL CALL ..... '. . '. , .... ... - .. '\ ., .'0- CITY COUNCIL DON W HAGE MAYOR City of Arcadia C ROBERT ARTH MAYO'R PRO iE~ EDWARD L BUTTERWORTH ROBERT J CONSIDINE JAMES R HELMS JR -I 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H COZAD CliY ~ANAGER CHRISTINE VAN MAANEN CITY 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. 22 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, ~~ RO T D. GLE City Attorney RDO: jh Ene. 1- MAILING ADDRESSES CITY HALL POBOX 60 g1006 LIBRARy 20 W DUARTE ROAD 91006 POLICE DEPARTMENT POBOX 80 g1006 FIRE DEPARTMENT 7105 SAN,.A ANITA AVE 91006 TELEPHONES 448.4471 . 881-0278 446.7111 447.2121 448-2126 fl,' ',-& ': . I , . . MAAK H. BI...OODGOOD AUDITOR.CONTROL1.ER ! ft/-/V 0/ COUNTY OF LOS ANGELES DEPARTMENT OF AUDITOR-CONTROLLER ROBERT A GtLL CHIEF DEPUTY J R PASSARELLA, CHIEF, TAX Ol\{!610N. 153 HAL.L OF ADMINISTRATION LOS ANGELES, CALIFORNIA 90012 625_3811 February 21, 1969 City of Arcadia 240 West Huntington Drive Arcadia, California RECEiVED FEB 27 1968 CITY OF ARCADIA crTY !i..TIORNEY Attention: Robert D. Ogle City Attorney Re: Baldwin Avenue Parcel No. 22 Virna M and Gladys J. Ruth - Grantors Gentlemen: Pursuant to your letter dat~d 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- visors October 22, 1968 by Authorization No. 06166. Very truly yours, JffiRK H. BLOODGOOD, Auditor-Controller (f( By J. R. Passarella, Chief Tax Division JRp !EHP /tc CONDITIONS AND STIPULATIONS DEFINITION OF TERMS The followmg terms when used In thIs polIcy mean (a) "land" the land descnbed, speCIfIc- ally or by rden:n<.e, In Schedule C and Improvements affixed thereto whIch by law constHutt' fcal property, (b) "publ!c records" those record~ whICh Impart comtructlve notIce of matter~ relating to said land, (c) "knowledge" actual knowledge, not constructIve knowledge or notice whIch may be Imputed to the Insured by reason of any pubhc records, (d) "Jate" the effectIve date, (e) mongage" mortgage, deed of trust, trust deed, or other security m~trument, and (f) "mmred" the party or pd.rtJes named as Insured, and If the owner of (he in- debtedness secured by a mortgage shown In Schedule B IS named as. an Insured In Schedule A, the Insured shall 10clude (I) each ~uccessor lJ1 Interes( 10 ownership of such 1Odebtedness, (2) any such owner who acqUIres the estate or loterest referred to In thiS poilcy by foreclosure, trustee's sale, or other legal manner 10 satlsfacnon of said lOdehtedness, and (:,) any federal agency or IOstrumemallty whtch IS an in- surer or guarantor under an msurance con- tract or guaramy In'iunng or guarameemg ~ald mdebtedness, or any part thereof. whether named as an msured hereIn or not, subject otherwise to the provISIons hereof 2. BENEFITS AFTER ACQUISITION Of TITLE If an Insured owner of the IOdebtednes'i secured by a mortgage descnbed 10 Sched. ule B acqUIres said estate or mte-rest, or an.y part thereof. by foreclosure, trustee's sale or mher legal manner In satIsfaction of said Indebtedness, or any part thereof, or If a federal agency or mstrumentallty acqUIres "aId estate or Jntere~t, or any part thereof, as a con<;equence of an lOsurance contract or guaranty msuflng or guarantee- 109 the mdebtedness secured by a mortgage covered by thIS poltcy, or any part thereof, thiS policy shall continue 10 force 10 favor of such Insured, agency or IOstrumentahty, subject to all of the conditIOns and stlpula- tlOns hereof 3, EXCLUSIONS fROM THE COVERAGE Of THIS POLICY ThiS polley does not IOsure agamst loss or damage by reasons of the follOWing (a) Any law, ordInance or governmental regulation (mcJudmg but not limned to huildlng and lomng ordlOanu~s) restnctlng or regulating or prohlbltwg the occupancy, use or enjoyment of the land, or regulatmg the character, dimenSIOns, or locatIOn of ,lOy Improvement now or hereafter erected on 'idld land, or prohlbltlOg a separatlOn 10 owner'ihlp or a reductIOn 10 the dimenSIOns or are.-l of any lo[ or parcel of land (h) Governmental nghts of police power or emlOent domalO unless notice of the exerCl~e of ~U(h nght~ appears 10 the publtc rewrd'i at the date hereof (c) Tule to any property beyond [he lines of (he land expressly descnbed In Schedule C, or tItle to streets, roads, ave- nues, bnes, ways or waterways on which such land abut'i, or the n,ght to malntalO [herem vaults (unnel~, ramp~ or any mher structure or Improvement, 01 any llghts (If easements the rem unle~s thiS pollcy speCIfiC- ally proVides that 'iuch property nghts \lr easements are IOsureJ except (hat If tht' land abuts upon one 01 more physlGtlly open ~treets or hlghw,ty'i thl~ polKY lO~ure" the ordln,uy fight'> nf abunmt:: owners fm access to one of such street'i or highways, unless othervllse e,cepted 01 excluded herem (d) Defect.s, hen'i, enlumblance'i, ad\(~r~e c1aIm~ against the tltle ,tS In~uled or othel matters (1) created, 'iuffered, a~~umed 01 agreed to by the Imured claimIng lo<;s or damage, or (2) known to the Insured ChlInlanr either at the date of [hiS policy or at the date such Imured Claunant .IC- qUlred an escate or Intert'st m~ured by thl'> poltey and not shown by the pub\lc record.:; unle<;S dJsclo~ure thereof to wntJOg hy tbe Insured shall have been made to the COnl- pany pflor to the date of thl'i polIcy or (3) resultmg In no lo'is to the In,>ured Cl.un<- ant, or (4) attachmg or created subsequenr to the date hereof (e) Loss or damage which would not have been sustamed If the In<'ured were ,l purchaser or emul11hrancer for value WJth, out knowledge 4 DEfENSE AND PROSECUTION Of ACTIONS -NOTICE OF CLAIM TO BE GIVEN BY THE INSURED (a) The Company, .It ItS own cost and WithoUT undue del.lY shall proVide (1) for the defense of the I mun.d 10 all litigatIOn conSisting of action,> ur proceedlOgs com- menced agam:>t the Imured or defeme,>, restralOing orders, or mjunulOns Interposed agamst a foreclo~urt' or s.lle of the mort- gage and IOdebtednl:ss covered by thiS poliCY or a sale of the est.ltc or Interest m 'iald land, or (2) for '>uch actlOn a'i may he appropnate to e~t.tbll~h the tttle of the es(ate or Interest or the hl"n of the morc- gage as msured, \\ hllh iltl~.ItiOn or actIOn 10 any of such evenr'i IS founded upon .10 alleged defect, hen or cncumbrame 10- sured ag.llnst by thl~ pohcy, and may pur- sue any IthgatiOn to fmal detl:rmmatiOn In the court of last reson (b) In case any such actIOn or proceed- 109 shall be begun, or defeO'ie IOterpmeJ, or 10 case knowledgl' ,>h.11! wme to (he In- sured of any claim of tule or Interest whllh IS advl:rse to the tltlt. of the estate or in- terest or hen of the rnorcg.lge as IOsured, or which might C,lU'>l: Jos~ or dJmage for wrdch the Comp,lIlY ,>h,dl ur may be il.lble by VI nut of thl~ poh<.y ur If the In,>ured shall 10 good faith tontract to sell the 10- debtednt'~s secured by ,I mo((~agl: CO\ ered by thiS poltcy, or, If ,10 Imuled In good faIth It'a~es or umtI,llt,> to ,>ell lease or mortgage the S.lllll:, (lr If the' 'iuccessful bIdder at a foreclosme '>.1le under a mort- gage covered by (hi'> poliCY refuses to pur' chase and 10 any '>uch event the tltle to saId estate or IOtere'>t IS rejected as un- marketable, the In,>url:d shall notlfy the Company thereof 10 \\ fltlOg If such notice shall not be gnen to the Cumpany WithIn ten days of the receipt of process or plead- lOgS or If the Insured ~11.I1! not, 10 WfltlOg, promptly notdy ,he Comp.1ny of any de- feet hen or encumbrance IOsured ag:t.inq which 'ihall come to the l...nowledge of the Insured, or If the Insured ~ha]] not, m writmg pwmptly notify the Company of an}' such rejectIOn by reason of claimed un- marl...etabdlty of title then all habtllty of the Company 10 regard (() the subject matter of '>llch aCtlon, procel:dlOg or matter ~hal1 [ea~e ,tnd tenmnate, proVided, howevel, th,tt f.ldure to noufy shall 10 no ca'ie preJudice the claim of any Insured unle~~ the Company shall be actually prejudiced by 'illlh failure and then oll!Y to the e~tent of 'iuch preJudlle (c) The Company shall have the fight J.t ns own COSt to IOs1ltute aod prosecute any actlOn or proceedmg or do any other act which 10 ItS opmiOn m.IY be neces~:tl y or deSirable to e'itabl1sh the title of the estate or Interest or the hen of the mort- gage as lOsured, and the Company may take any appropnare actIOn llnder the term, of thiS polIcy whether or not It shall be Iwble thereundel and ~hall not tbelehy concede liability O( wdlve ,Jny provlslOn of thiS poltey (d) In all Ca'ie'i where thl'i policy per- mits or reqUires the Company to pro'ic(ule or pmvlde for the dden'ie of any ;l,ctlon or proceedlO,g, thl: In'iured shall secUle to It the nght to "0 prosecutl" or proVide de- fense to SUdl .IltLon or proceed tog, and all appeals thereto, and permit It to use, at It'> optIOn, the naml of the In~llred for <;t1ch purpose Whenever requested by the Com- pany the Insured shall give the Compilny all rea<;onable aid In any 'iuch actIOn or proceedmg, In effectmg settlement, secunn,g eVidence, obtalOlOg Wltne'i'ie~, or pro'ieCu- tlOg or defend tog such actIOn or proceed- 109, ,md the COll1p,my 'ihall reimburse the Insured for any expense so Incurred 5 NOTICE Of lOSS - LIMITATION OF ACTION In addltlon to the notlce'i reqUIred under paragraph 4(b), a st3.tement 10 WfltlOg of any I()~s or damage for which It IS claimed the Company IS liable under thiS pollcy shall he furmshed to the Comp.lny Within SIXty d.IYS after 'iuch loss or damage sb.dl have been determlOed and no fight of actIOn shall accrue to the Insured under thiS poltcy untll thirty days after such statement shall have been fUIOlshed, and no recovery shall be bad by the Insured under thl'i policy unles'i .tctiOn shall bl commenced thereon wlthm five year,; after expIratIOn of 'iald [hJCIY day penod Fadurt to fUIOI.,h such statement of Im'i or damage, or to commence such actIOn WlthlO thl ttme herelObefme speofled ...h31l be a <on- c1usl\'e bar agalO~t malnten.tme by the In- surl:d of any action undl:r thl~ poilcr 6 OPTION TO PAY, SETTlE OR COMPRO- MISE CLAIMS The Company shall have the option to payor setrle or comprom['ie for or 10 thl name of the Insured any c1,llm ImUled agalO~t or to pay the full ,l1nount of till'> poltcy, or, In case lms IS claimed under thl'i poltcy by [he owner of the IOdebtednl'>'> secured by a mortgage covered by tlm POliCY, the Company shall have the optJon to ptlrlhJse said IndLbtednl~~, such pur- ch;ise, payment or tender of payment of (ConditIOns and Stlpulatlons Continued and Concluded on Lost Page of ThiS Policy) (//&M (/~o\>~ TO 1012.) F C Callfornlo land Tille ASSociation Standard Coverage Poh(y Form COPYright 1963 1893 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 conslderatlOo paid for this poltcy, the number, the effective date, and amount of whICh are shown 10 Schedule A, hereby insures the partIes named as Insured tn Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporatlOo, Its successors by dissolution, merger or consolIdation, agamst loss or damage nOt exceedmg the amount stated 10 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 Any defect In or hen or encumbrance on the title to the e<;tate or IOU'rest covered hereby In the land deSCribed or referred to In Schedule C, eXI~ttng at the date hereof. not shown or referred to 10 Schedule B or excluded from coverage m Schedule B Of m the Condmons and StIpUlatIOns, 01 2 Unmarketablluy of such title, or 3 Any defect In the executIOn of any mortgage shown In Schedule B securing an mdebtedness, the owner of whICh IS named as an Insured. In Schedule A, but only Insofar as such defect affects the hen or charge of saId mortgage upon the estate or Interest referred to 10 thIS polley, or -t Puonty 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 hemg shown 10 Schedule B In the order of Its pnouty; .11 subject, howe':t<:'t~ill}"~~\)iSI~os of Schedules A, Band C and to the Conditions and Stipulation, hereto anne~~ ~CE AND r-9',.~\\\1 - ~~ ...... V.$' I, $" ...~~ \5 p.q~~..)'- Ii - 0 . ~O ....[ Hi;:.. ~ w.:'h f ~ ~ ..~ 4"""f.'t!llE.lt.n, w'(ttn!JS"", " ereD 1 TItle Insurance and Trust Company has caused Its ~ ~ · ~ ~~ I:::,.....q. .....,.0(\. ~ I~d b h FF db d d ~ .;... Il' .co~oratej na.me all seal to e ereunto a (XC Y Its ulyauthoClze offICers ~ !:f :~ -z\ _o~thrdit;,~:h~~n Schedule A. ~ !:: .-.;--'" 4~~'","iia:l1r"" . z ~ ~ I- : : ')t~-';' "":If~--: ~ ~ ~j .;: ...~;'i\~_~:_..;;'h~,_~ ,\.):).-:... % 't, or,. -~__ qvv ..,- ~ Title Insurance and Trust Company I11I (O..t~;~T~-I~-G~:~..~<'" '.5 ~ ~ '1\ ;s> >4 ........ "'.....v..: by ~ \\\\ NGElES. ff \\\\\",,,,,-~ " .' ~RESIDENT Attest CJLu H-~ SECRETARY TO 1012.) AB C Collfe;rmo lo(ld Title ASSOCiatIon Standard Cowtroge Pahcy-1963 SCHEDULE A PremIum $ qo, ()O Amount $ 2,000.00 Effective Date March 1, 1968, at 8 a.m. NSURED Polley No 67 25 946 CITY OF ARCADIA, a municipal corporation. , 1 Title to the estate or interest covered by this polley 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 th,s policy is a fee SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I 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, nghts, mterests, or claIms whIch are not shown by the pubhc: records but whIch could be ascertaIned by an inspectIOn of saId land or by makmg mqUlry of persons ill posseSSIOn thC! eof 3 Easements, clarms of easement or encumbrances whIch are not shown by the public records + DIscrcpancIes, conflIcts In boundary hnes, shortage In area, encroachments, or any other facts whIch a correct survey would dIsclose, and whIch are not shown by the pubhc records. 5 Unpatented mmmg claims, reservations or excepbons III patents or In Acts authorIzmg the issuance thereof, water rights, claims or utIc to water. TO 1012-18 Cont. C Cal1fornfa Land Tille Auocloflon Standard Coyorage Pollcy-1963 SCHEDULE B- (Continued) PART II 1. General and special county and city taxes For the fiscal year 1967-1968, Second Installment : $324.96, Parcel 5785-010-008. 2. An easement purposes stated In Favor Of For Recorded affecting the portion of said land and for the herein, and incidental purposes, Southern California Edison Company, a corporation~ poles August 5,1953, in book 42389, page 79, Official Records the southerly 6 feet of the westerly 250 feet. Affects 3. An action in the Commenced Entitled Superior Court February 7, 1968 : city of Arcadia, a municipal corpora- tion, vs., Britta L. Albert, et al., . 926351, Los Angeles County : public street and incidental purposes : Parcel 22. Case No. Nature of Action Affects Notice of the pendency of said action was Recorded February 9, 1968, as Instrument No. 3426, in book M 2772, page 966, Official Records. . , TO l012-1......1()S6..IC C Amencan I-and Tltl. ASsoCiatIon loan Polley AddItIonal Coverogo-1962 0' Callfornlo land T,fl. Assoclotlon Standard Coverage Pollcy-1963 SCHEDULE C The land referred to in this policy is sItuated in the county of Los Angeles, state of CalIfornia, and is described as follows: The westerly 17.00 feet of lot 39 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. EXCEPT the southerly 78.00 feet thereof. . . ~ >:.- L01'[j .. 1 I\X1; ", 38 "'0 III OF' T'i/'l'~I NO. 1)869 / . . .!EM~lA.I ,/ , ., I J " ,. "I ;! fl _ 'c \, \.. 5'5 ./ C ~VE <> a @ ",. ,. ~, · '"~ ~ · "M '" " """.. '" '.,.~.,.. 'y M. ".. '~".."... "'" '''"y'- ..,. ..... 'Y'" .m"" _~. r<1 f/ .c. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) lhe full amount of thIs policy tog~ther \\ lth <\11 loStS, attorney,> fee,> and expense,> ,\ hllh the Company l~ obllg.lled hereunder (01 pay, shall'termmate all llabdlty of the Comp.ln} hereunder I n the event, after notlle of claim has been given to the Com- P,lllY by the In<;ured, the Company <lfers to purchase satd tr\debtedne"~, the owner of ~llch mdebtedness shall transfer and assign ~.lld mdebtedness and the mortgal:;:e securing du: ~ame to the Company upon payment of the purchase pnce 7 PAYMENT OF LOSS (a) The habdlty of the Company under till<; policy shall 1O no Cl'ie exceed, In all thl actual los<; of the Insured and cost<; and .ltrorneys' fee~ which the Company may be obligated hereunder to pay (b) The Company will pay, In addition to any lo~s Insured agamq by thiS poltCY tll co:>ts Imposed upon the In~ured m I1tI- g..ltlOn carned on by the Company for the In<;ured, and all costs and attorney<;' fees 10 litigatIOn carned on by the Insured With the \Vrnten authonz..ltlOo of the Company (c) No claim for damage<; shall afl~e or be malOtalnable under thiS policy (1) If the Company, after h,IVlOg receIved notice of an alleged defeCt, hen or encumbrance not excepted or excluded herem remove<; ,)uch defect. ben or encumbrance WlthlO a reasonable time after re<elpt of :,uch notice or (2) for habdlty ,oluntanly assumed by the Insured 10 setthng any claim or SUIt wuhout written consent of the Company, or (3) 10 the event the utle IS reJected as unmarketable because of a defect, hen or encumbrance not excepted or excluded m thIS pohcy, until there ha~ becn a flOa] dttermmatJon by a LOurt of competent Jllfl<;. dictIOn sustalOlOg such rejeltlOn (d) All payments undel thiS policy, ex- cept paymerHS made for co<;t<;, attorney<; fees and expenses, ~hall reduce the amount of the mSurance pro tanto and no payment shall be made WIthout prodUCIng tlm; pohcy for endorsement of such payment unless the pO]ICY be lo'it or destroyed. 10 which case proof of such lms or de~tructlOn shall be furnished to the <;atl<;factlon of the Com- p..lny, proVIded however, If the 0'\1, ner of an lOJebtedne~<; setured by a m(lrt~,l~l.' shown In SchcJult: B I'> ,\\1 In<;urcd berun then ",uth p..lVnllnt<; ~h,lll not reduce plO tanto the amount of the mwr,lQce afforded hereund~r as to ~uch Inwred, e),.cept to the extent that <;uch payment<; reduce the amount of the IOdebtedne<;s ~ecured by ~uch mort- ~age Payment m {ull by any per"on tlf voluntar( ~atJsfactlon or relt'..Ise by the In- sUlcd () a mortgaF:e (IlHreJ by thl~ policy <;hall termmate all t...Ihtluy of the Company to the Insured owner of the IOdebtedne<;s secured by such mortgage except as pro- Vided 10 paragraph 2 hereof (e) When ]J;lbdlty h.!<; been deflnlte]y flxtd In atCOrd,lOce \\"1111 the condnlOn<; of thl<; policy the [os<; or J,lm..lge shall be pay. able wuhlO thlfty day<; thereafter 8 liABIliTY NONCUMULATIVE It IS expre~<;ly understood that the amount of thl" pO]IC~ 1<; reduced by anr amount the Comp..ln} 1ll.1} P,IY under an}' poltcy lO~unng the \ IhJlty or pnonty of any mortgage ~ho\\ n or referred to m Schedule B hen..nf IIr ,Iny mortgage here- after executed by tht In<;urtJ which I~ ,1 charge or hen on thl c~t,lte or mtere<;t descnbed or referred to 10 Schedule A, and the amount so paId sh II I bt deemed a p..lY' ment to rhe In<;urt'd undu thIS pohcy The ProVISions {If dw. p.lr.l~r,\ph numbered R shall not apply to ..In In~ured owner of an mdebtedncss securld b} ,I mortgage <;ho\\ n 10 Schedule B unle~s <;ulh Insured acqUires utle to said estate or mtere<;t In satl~f.lCtlOn of said IOdebtednt"~<; or ..Iny part thereof 9 SUBROGATION UPON PAYMENT OR SETTLEMENT Whene...er the Comp.!ny sh..lll have <;enled ,I d..lllll under tlm pO!ICY, all fight of :>ub- rogation shall ve~t 10 the Company un- affected by any act of the In<;ured. and It <;hall be subrogated to and he entitled to all nghts and remed,('~ which (he Insured would have had agalOst any person or prop- erty m respect to such claim had thls polICY not been ls~ued If the payment does not cover the loss of the Insured, the Company shall be ~ubro,gated to such nght<; and remedle~ 10 the proportion which saId pay- ment hears to the amount of ~;lId ]o<;s If @ ]O<;s should re...ult flOm Jnr ..In of rhe In- ...ured, <;uch ,tel ...11.1\\ not "'\lId thlS pllh(y but the COrT'p.lll)', In th.lt t...cnt. shall be requlfed to p.lr only th,H p..ln of any losses Insured agam~t hueunder wl'mh shall e),.- ceed the ...Imount, d .Iny, lose 10 the Com- pany by reason of the Imp..llrment of the nght of subro~,\tl~m The In~ured, d re- qUt"stcd by the Comp..lny. <;hall transfer to the Company al] n~ht<; and remedlcs against any person or property ne~essary 10 ordlf to pafect ~ulh n,gh( of <;ubrogatlon, and shall permit the Company to use the name of the Imured Ln any transactu:1O or htlgatlOn IOvolvlllg <;uth nght~ or remedIes If the Insured l~ thl owner of the 10- debtedness secmed by ,t mortgage covered by thIS poltcy ~uch Imured may release or substItute the per~()na] babdlty of any debtor or guarantor. or (':<.tend or otherWIse moddy the term<; of payment, or relea~1: a portIon of the e~tate or Interest from the lIen of the mortgage, of release any co]- lateral se(unty for tht" IllJebtednes~ prn- \ Ided ~uch act dot'<; not re<;ult In any los<; of pnotLty of the lten of the ml1rtga~e 10 POLICY ENTIRE CONTRACT Any anion or ,ICtlOO<; 01 flght~ of actIOn that the In~ured may h.lvt or may bnng .!galOst the Comp,lny .lrl<;mg out OC the <;tatus of the lien of the mOl tgage covered by thiS polity or the Iltle of the est..lte or Interest m<;urcd herem mu~{ be based un the proVISIOn<; of thl~ pohcy No provlslOn or conditIOn of thiS pohcy l.lQ be waIved or ch..lngld except by wrltlng t:ndm<;ed hereon or ,lttached hereto Hgned by Ihe Pre~ldent, .1 V Lte PresJ(lent, thl SecretJ.ry, an A~<;I~tant Seuet,lry 01 other \alldJ.tlng officer of the Comp,IOY 11 NOTICES, WHERE SENT All notlCe~ rtqUlred to be gIven the Com- pany and any statement 10 Wfltlll~ rt:qulred to be furOlshcd the Company shal] bc ad- dressed to It at the office whICh Issued thl~ policy or to ItS Home Office 433 South Spnog Street, Lo<; ^n~ele~ 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 "'OUNoEo IN '''D3 POLICY OF TITLE INSURANCE Oftermg complete tltle serULces throughout the state of Callforma wlth Just one local call Complete tale serVlces also avmlable in the states of Alaska, Nevada, Oregon and Washmgton through subsldzary Compames Title Insurance and Trust Company Home Office 433 South Spring Street Los Angeles 54, California