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HomeMy WebLinkAboutD-1580 r. A; '~ f I '. , (, i -..''1' ! . CERTIFICATE OF ACCEPTANCE ~~ D392GrG 26 This is tb 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 14, 1968 , from or executed by Georgette T. Dreyer and Doris D. McGirk , 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 t~~r'or by it, dUl~;~r~~. ity Man i y ngineer The document thus described is hereby a proved a 0 form. l\:) ~ o CITY OE.:~ARCADIA C?.;;?5" Ky/ -#n s ://tf' AND WHEN "j!;CORDIED}J~Ar\. TO ~qU .- --'B K 03920 P G 25 ,^ RECORDED IN OFFICIAL RECORDS OF LOS ANGELES COUNTY. CALIF. FOR TITLE INSURANCE & TRUST CO. FES 23 1968 AT 8 A.M. RAY E. LEE, County Recorder I City Clerk P.O. Box 60 I Nom. S'r..' Addr.u C,ly & Arcadia, Calif. stal.L ~ SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAX STATEMHIT5 TO I I FREE RECORDING ESSENTIAL TO ACQUISITION BY CITY OF ARCADIA, a municipal corporation. SEE GOVT. CODE # 6103. Nom. City of Arcadia Clly & srot.L # ~~ rJ- S" 0' ,.J ;~ 0" t-0c,j' ~\J~0G ..J , fREE2 R Slr..t Addr.u Grant Deed AFFI' I.R.S. S .. NO TAX DUE AnoVE "< "- ~ ~ l.. ~ ~ TO 405 C (-4 (7) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which i, hereby acknowledged, GEORGETTE 1'. DREYER and DORIS D. MC GIRK hereby GRANf05) to the CITY OF ARCADIA, a Municipal Corporation Ji IN FE$ . ,~aft S8B9m9Rt for pub11c street and road purposes, to become a part of and to be known "1 ~J as Baldwin Avenue, in, on, upon and across y Ihe follOWIng de,cribed real property in the City of Arcadia, County of Los Angeles , State of California: ~ '- 'V That portion of Lot 1 in Block "H" of Santa Anita Land Coinpany's Tract, in the City of Arcadia, County of Los Angeles, State of California, as per map recorded in book 6, Page 11 of Miscellaneous Records and in Book 6, Page 137 of Maps, in the office of the County Recorder of said County, described as follows: Beginning 8t the northeast corner of said lot; thence westerly along the northerly line of said lot to the beginning of a tangent curve concave southwesterly and having a radius of 15.00 feet and being tangent at its southerly terminus to the westerly line of the easterly 12.00 feet of said lot; thence southeasterly along said last mentioned curve to its said last mentioned point of tangency; thence southerly along said last mentioned westerly line to the southerly line of the North 52.00 feet of said Lot 1; thence easterly along said last mentioned southerly line to the easterly line of said lot; thence northerly thereo~ to the point of beginning of this description. Date~kd IN, J 9 i XI / c, ;) /J /U eorgette ~ '''n! I IJ, ~~ uor1S u. M 1rk J, STATE OF CALIFORNIA }ss CO~Y OF G LOS ~~~'~<: On ~ / I-/.. P before me, the under- Signed, a Notary Ibhc In and fOT said State, personally appctlred Georgette T. DTP.YP.T Rnn nnri~ n. Mr~irk . known to me to be the per6on~whose namp S are subSCribed to the withJl\ Instrument and acknowledged that th ev executed the same WITNESS my hand and official seal slgnat~7J~~ r.....,..".....,......._.ouu...Q.~~ic.i~~"s~A~.,.,.,..~..:...'l ~ ~ o . \Tb\.~ 'l"",a 1m otl\cialnotarlal ~lll) 1971 ................." ...oO Escrow or Loan No. MAil TAX STATEMENTS AS DIRECTED ABOVE i' i' I I I I " OJ" '-t ~ ,'. GRANT DEED Title Insurance and Trust Company COMPLETE STATEWIDE TITLE 6ERVICE WITH ONE LOCAL CALL ,. .:' "'. .~ " GRANT' DEED Title Insurance . and Trust Company , COMPLETE STATtWIDE TITLE SERVICE WITH ONE LOCAL CALL ..:' -...... .., : .-. ,. ...... . '\... I" 1- ~ _u ...J. ._.___~__ ,_ h,_ TO 1012-1 F C (10-67) California Land TIlle "..oelatlon Slondord Coverage PolIcy Form CoPyn9ht 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a CalIfornIa corporatIOn, herein called the Company, for a valuable consrderation paId for this pohcy, the number, the effective date, and amount of whICh are shown m Schedule A, hereby msures the parCles named as Insured in Schedule ^, the heIrs, devisees, personal represematJves of such Insured, or If a corporation, ItS successors by dissolution, merger or consolIdatIOn, against loss or damage not exceedmg the amount stated In Schedule A, together with COSts, attorneys' fees and expenses whICh the Company may become obltgated to pay as provIded in the ConditIOns and StipulatIOns hereof, whICh the Insured shall sustam by reason of Any defect In or lIen or encumbrance on rhe title to the esrate or Interest covered hereby 10 the: land descnbed or referred to In Schedule C, eXlstmg at the d,ue hereof, not shown or referred to 10 Schedule B or excluded from coverage m Schedule B or m the CondHlons and StipulatIons, 01 2 Unmarketabillty of such title, or ), Any defect 10 the executIOn of any mortgage shown 10 Schedule B secunng an mdebtedness, the owner of whIch IS named as an Insured m Schedule A, but only IOsofar as such defect affects the hen or charge of said mongage upon the utate or Interest reft-rred to In thiS policy, or 4 Pnonty over saId mortgage, at the date hereof, of any hen or encumbrance not shown or referred to m Schedule B, or excluded from coverage 10 the Conditions and StipulatiOns, saId mortgage bemg shown m Schedule B In the order of ItS pnOflty, all subject, however;~to""th'e'p~~lslOns of Schedules A, Band C and to the CondItlOns and Stlpulatjon~ ..;;:< E "\\ hereto annex;.i::- ~C AND 7'R" \\\ ~ ~~ 0000000 voS' ~I ;' ,'. oo~,€. \5 PROooo J- /. ~ ~...., oo....o\"' r. 0 '" 6~ j:f -..: OOf_ '\' ~{O...~~;lnl}W/tneJS...Wlhereof, Title Insurance and Trust Company has caused Its ~ "'" ~v Q. p .-.... .....c\- " 'I :; ...... 00 k. r}'> jco!Rorate.;8am-e.an'd seal to be hereunto affixed by Its duly authoClzed officers ~ Lu o~, ~7'" ''''~h' d" C ""11"\ f, ~ -' Of~' ~~-t':::'\lon t e a~e\shownlm Schedule A, I>! ~ 0: - 1"'- ~~" l..t\-."u>o).-' ~ ~ _ 0 ,,' ~~_ ~\' 0 2: % ~ I- ~ ~.,- -'\"l.':.;"g""l(' ~ ~ 0 --' ';iik ~"b""'-';'J'W QJj ~ '~J -\< o-S-~ ,.",<~, ~ <..V~"'o 1} ~ "1 0,- - "at"'. if'j.. - ~v 0 -- I,/ <<>OO~~l';T~ 1~'G"~OOo ~'ff II oS' 00000000 \..~v .:- I\\,,-4NGELES, ~~ \\\\'\'\.'\.,,~,~- Tltle Insurance and Trust Company by ~~~~NT Altest CJLu. lrf-~ SECRETARY COND ITION S AND STIPULATIONS DEFINITION OF TERMS The followmg terms when used In thiS poltcy mean (a) "'and" the land described, speCIfic- ally or by rdefence, Ifi Schedule C and Improvements affIxed thereto whIch by law commute real property, (b) "public records" those records which Impart constructive: notice of matters relating to said land, (e) "knowledge" actual knowledge, not constructive knowledge or notice which may be Imputed to the Insured by rea<;on of any publIC records, (d) "date" the effective date, (e) "mortgage" mortgage, deed of trust, tcust deed, or other secunty lOstrument, and (f) "lOsured" the party or parties named as Insured, and If the owner of [he m. debtedness secured by a rnongage shown m Schedule B IS named as an Insured In Schedule A, the Insured shall mclude (1) each successor 10 intereSt In ownership of such Indebtedness, (2) any such owner who acquires the estate or Interest referred to In thiS poilcy by foreclosure, trustee s sale, or other legal manner In satisfaction of said Indebtedness, and (3) any federal agency or mstrumentality which IS an m. surer or guarantor under an Insurance con. tract or guaranty msunng or guarantee 109 said mdebtedness, or any part thereof, whether named as an Insured herem or not subject otherWise to the proVISions hereor' 2 BENEFITS AFTER ACQUISITION OF TITLE If an Insured owner of the Indebtedness secured by a mortgage descnbed 10 Sched. ule B acqUIres saId estate or lOterest, or any part thereof, by foreclosure, trustee's sale, or other legal marmer In satIsfactIOn of said mdebtedness, or any part thereof, Or If a federal agency or instrumentality acqUIres said estate or Il)terest, or any part thereof, as a consequence of an lOsurance contract or guaranty IOSllrmg or guaramee- 109 the Indebtedness seclued by a mortgage covered by thiS pohcy, Or any part thereof, thiS poltcy shall contlOue 10 force 10 favor of such Insured, agency or instrumentality, subject to all of the conditIOns and stIpula- tIOns hereof J EXCLUSIONS FROM THE COVERAGE OF THIS POLICY ThiS poltcy doe'i not Insure agalOst loss or damage by reasons of the followmg (a) Any law, ordmance or governmental regulatIOn (lOcludlOg hut not limned to buddmg and ZOOlng ordlOances) restnctmg or regulatmg or prohlbItmg the occupancy, use or enJoyment of the land, or regu[atlOg the character, dimenSIOns, or locatIOn of .lny Improvement now Or hereafler erected on 'laId land, or prohibiting a 'ieparatlOn 10 ownership or a reductlOfJ 10 the dimenSions or area of any lot or parcel of land (b) Governmental fights of poltce power or emInent domalO unless nouce of the eXerCl'ie of such tights appears 10 the public reulrds at the date hereof (c) Tule to any ptoperty beyond the hnes of the land exptess[y descnbed 10 Schedule C, or title to streets, roads, ave- nues, lanes, ways or watetways on which such land abut'i, or the nt:ht to IlUllntalO therem vaults, tunnels ramp~ or any other structure or Improvement, or. any fights or easements therem unless thIS policy spenflc- ally proVides that 'iuch property lIghts or easements are msured, except that If the land abuts upon one or more phYSICally open streets or highway>; thl'i polIcy msures the ordlOary fights of ahuttlng owners fOf acces<; to one of such streets Ol hIghways unless otherWise excepted 01 excluded herem (d) Defects, hens, encumbrance<;, adverse claims agalOst the utle as msured or other matters (J) created, mffered, assumed or agreed to by the Insured clalmmg loss or damage, or (2) known (0 the Insured Clalnlant either at the date of thIS polIcy or at the date such Insured Claimant ac- qUIred an estate or lOtereSt IOsured by thiS policy and not shown by the publIC records_ unless dlsclo~ure thereof 10 wntlO.'; hy the Insured shall have been made to the Com- pany pnor to the date of tlus pohlf, or (3) resultlOg 10 no loss to the Insured Claim- ant, or (4) attachlOg or created sub'iequent to the date hereof (e) Loss or damage whICh would not have been sustamed 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 10 all llCigatlOn COOSlstmg of actions or proceed lOgs com- menced agalOst the Insured or defenses, restraming orders, or lOJunctions interposed agamst a foreclosure or sale of the mort- gage and mdebtedness covered by thIS poltcy or a sale of the estate or Interest 10 saId land, or (2) for such actIOn as may be appropnate to establish the utle of the estate or Imerest or the hen of the mort- gage as lOsured, whICh htIgatlOn or actIOn 10 any of such events IS founded upon an alleged defect, lIen or encumbrance to- sured against by thiS pohcy, and may pur- sue any lttlgatlOn to fmal determlOanon 10 the court of last resort (b) In case any such actIOn or proceed- tog shall be begun, or defense IOterposed, or 10 case knowledge shall come to the In- sured of any claim of wle or mterest whICh IS adverse to the title of the estate or 10- terest or hen of the mortgage as IOsured, or whICh nllght cause loss or damage for which the Company shall or may be hable by virtue of thiS polllY, or If the Insured shall 10 good faith contract to sell the 10- debtedness secured by J. mortgage cm ered by thIS pohcy, or, If an Insured 10 good faIth leases or contract.. to sell, lease or mDrtgage the same, or If the 'iuccessful bIdder at a foreclosure ~J.le under a mort. gage covered by thts polICY refuses to pur- chase and 10 any such event the tIt]e to saId estate or IOrerest IS rejected as un- marketable, the Insured shall notify the Company thereof 10 WrttlOg If such notice shall not he given to the Company WlthlO ten days of the receIpt of process or plead- lOgs Dr If the Insured shall not, 10 wrttlng, promptly notify the Company of any de- fect hen or encumbrance IOsured agalOst whICh shall come to the knowledge of the Insured, or If the Insured shall not 10 wntlOg, promptly notify the Company of any such reJectlOn by reason of claimed un- marketabtluy of tnle, then all ltablhty of the Company In regard to the subject matter of ~uch ,tCtlOn, proceedmg or matter shall cease and termmate, proVIded, however, that fadure to notify shall m no C:l<;e prejudice the claim of any Insured unle'i'i [he Company shall be actually prejudICed by sUlh fadure and then only to the e'{tent of such prejudICe (c) The Company shall have rhe n~ht at ItS own cost to lOsutute and prosecute any actIon Dr proceedIng or dD any other act whICh In Its opinIOn may be necessary or deSIrable to establish the tItle of the estate or mterest or the hen of the mort- gage as IOsured, and the Company may take any appropnate acelon under the term>; of thIS polICY whether or not It shall be hable thereunder 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 actIOn or proceed 109, the Insured shall secure to It the fight to so prosecute or prOVIde de- fense 10 such actIOn or proceed 109, and all appeals therein, and permit It to use, a[ It>; optIOn, the name of the Insured for such purpDse Whenever requested by the Com- pany the Insured shall give the Company all reasonable aId In any such action or proceeding, 10 effeltmg settlement, secunng eVidence, obtamlOg witnesses, or prosecu- hng or defendmg such actIOn or proceed- 109, and the Company shall reimburse the Insured for any expense so IOcurred 5 NOTICE OF LOSS - LIMITATION OF ACTION In addulOn to the notIces reqUired under paragraph 4 (b), a statement 10 wntmg of any loss or damage for whICh It IS claimed the Company IS hable under thiS policy shall be furOlshed to the Company wlthm Stxty days after such loss or damage shall have been determmed and no nght of actIOn shall accrue to the Insured under thiS policy untIl thl rty days after such statement shall have been furnished, and no recovery shall be had by the Insured under chl'i polICY unless actIOn shall be commenced thereon wlthm five year'i after expIratIOn of said thltty dar penod Failure to furntsh such statement 0 loss or damage, or to commence such action wlthm the time herembefore speClfted, shall be a con- clUSive bar agalOst mamtename by the In- sured of any action under thiS policy 6 OPTION TO PAY, SETTLE OR COMPRO- MISE CLAIMS The Company shall have the opuon tD payor settle or compromise for or 10 the name of the Insured any claim msured agalOst Or to pay the full amount of thiS pohcy, or, 10 case loss IS c1almc.d under thi\ policy by the owner of the mdebtednl~" secured by a mortgage covered by thIS pDlicy, the Company shall have the optlon to purchase said IOdebtedne'is, such pur- chase, payment or tender of payment of (ConditiOns ond Stipulations Continued end Concluded on Lost Page of ThIS PoliCY) mc TO 1012-1 AS C Colifomlc Land ntle Association Standord Coverage Pohcy-1963 SCHEDULE A PremIum $ Amount $ 2, 000 . 00 Effective Date February 23, 1968 at 8:00 a.m. Pohcy No 6725968 INSURED THE CITY OF ARCADIA, a municipal corporation. 1. Title to the estate or interest covered by thIS policy at the date hereof is vested In' THE CITY OF ARCADIA, a municipal corporation. 2, The estate or interest in the land described or referred to In Schedule C covered by this pollcy is a fee, o 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 hens by the records of any toxmg authorIty that levies taxes or assessm.ents on real property or by the publIc records, 2, Any facts, nghts, interests, or chums which are not shown by the public records hut whIch could be ascertamed by an inspectIon of saId land or by mahng mq Ulry of persons In posseSSIOn thereof. 3 Easements, clarms of easement or encumbrances whIch are not shown by the pubhc records ... DiscrepanCIes, confhcts In boundary lines, shortage in area, encroachments, or any other facts whIch a correct survey would disclose, and whIch are not shown by the publIc records 5, Unp8tented minmg claims; reservatIOns or exceptIons In patents or m Acts authorlzmg the Issuance thereof; water nghts, clorms or tItle to water v.w. TO 1012-18 Cant. C Callforma Land Tltl. Auoclohon Standard ConrClIi. Pollcy.1963 S C H E D U L E B - (Continued) PART II 1. An easement affecting all of said land for the purposes stated herein, and incidental purposes, In Favor of Santa Anita Land Company For pipe lines Recorded in book 2514 page 225 of Deeds, and in book 2577 page 297 of Deeds. 2. The right to lay, maintain, repair and renew, and enlarge as necessary, or convenient, a water main and all usual and necessary equipment and connections thereof, over the westerly 5 feet of said land as granted to California-Michigan Land and Water Company, a corporation, by deed recorded January 17, 1957 in book 53413 page 51, Official Records. Said deed provides further that the grantee is to have free and ready access thereto at any and all times, It is a~reed that no obstructions are to be'put in the way of such free and ready access. 3. An action Commenced Entitled in the Superior Court February 9, 1968 City of Arcadia, a municipal corporation, vs. Britta L. Albert, et al 926351, Superior Court, Los Angeles County public street and incidental' purposes parcel 5 Case No. Nature of Affects Action Notice of the Recorded pendency of said action was February 9, 1968 in book M 2772 page 966, Official Records, as instrument No. 3426 . . . TO I012-1-10S6-IC C Amencan Land Tille Association Loan PoliCY AddItional Co.,rerage-1962 or Calrfornla Land Title AssociatIon Stondard Coverage Pohcy-1963 SCHEDULE C The land referred to in thi, policy is situated in the county of Los Angeles, state of California, and is described as follows: That portion of lot 1 in block "H" of Santa Anita Land Company 's Tract, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book 6 page 11 of Miscellaneoill Records and in book 6 page 137 of Maps in the office of the county recorder of said county, described as follows: Beginning at the northeast corner of said lot; thence westerly along the northerly line of said lot to the beginning of a tangent curve concave southwesterly and having a radius of 15.00 feet and being tangent at its southerly terminus to the vlesterly line of the easterly 12.00 feet of sal.d lot; thence southeasterly along said last mentioned curve to 'its said last mentioned point of tangency; thence southerly along said last mentioned westerly line to the southerly line of the north 52.00 feet of said lot 1; thence easterly along said last mentioned southerly line to the easterly line of said lot; thence northerly thereon to the point of beginning of this description. . . ~r- .. f BLOCK 1-1 , , S4NTA ANITA LAND COMPANY:5" TRACT .' MB~-137: I ! JII -~~ ~, I '. + -a-i.EMON /0. "-:or ^\~!,;/!'~';~'!lf.)), 1/ '!!'&l,,::;;; -: - AVE;- a Q- -~ 16.10 ~ _':::;'l~N'd\."'" _~,. ...- ---.... '-..!~ r- 480 - T,-: - ~r, ,.. -~~~}~-_I.r i~ --1 f~!:j>G I 1'1 n, I ~~\ B~~ I / Y I I- - .L - .L -~.-..\ I ~ I; 11 r~"'~-'''-'----~ I. '" ,I . \". ~ I ' I'_~~ :~":-!..J __ ,~~_~~~- _ ,_,":,-~",-~,' ,11--... -:::=J ' , 1'1: ~- .,; ',r----' ,J'./I "1,~,,~6g:H \u' '1.. J:~r- \\ \:', ~ I , ~ f, ,~~ I I _ , 0 . -' - -' ~' : ,~tli.J.. : 41 ~ ~ I) , Itl. '7011' ..~, I. I I "I ~ '~~L -.-, --'L, , '-i sr -, " ., ~ q....", , t.. ________ " --'T!:YT:n.T.T"'il ), l I I I '1"i1 I rJ r''',I\1 ("'~II''''''''' \;' T T I . ~ . ~" J ~ I Ii '11....-1.1 K I .{ r-: j '~ ~, : -1'~,Ci\- -l- _+--- -+ _-J.=-~'!'=I::::....\,..,...l \ .i... I " , , ~: --":_:"\--.b:-\~d,~-<h~2;;b.+- cl1'e 'S ~ "- ~ .\ '-- ',' . ' ... .' . -, '. I ~ ',' ~ .-J I' . ,\ ((~ ':, . ' ~~). ~ - - -1'7 -(1t~ ~ - , Q~'I ~ f ~<~. ~~ - - /r.~r{g~ ~i ,1\ .,:~~:~ '. AKSJ~ ~:~ . ~'-"(f!j'>'.0--. ~~ ~ ~ ~ ~-=~ 1~61rui((l} ~I~~II I ~8 ~ , ~'7 I .~ I II f~ I /~ · - ~ 1:( I II ~~ i' J ;: ~ ~- _ 1..4 "~,.' ; :-' 3"-IIn.O~- - _ -~ I ..~ 117' 1f1' k64, 1~1t R .~. ~ ~ -o-i- LONG'CU~/'V- - - -- --. ~- - - <<i:A';" ~~~/;;) , ". (' 11 , , . ' ~ I < ~ () .J g'\ -Ill U4 ,1, ~~ " , .~' I "'AVE' "..-. ~ ~ " Iii @ ThIS is not 8 survey of the land but is compJle(f for mformafton by the Tille Insurance and Trust Company from data shown by the o~iicial records. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Polley Face) the full amount of thl<; pobey, together \\ Ith all cmts, attorney<;' fee<; and expense<; \\ hlch the Company IS obligated hereunder to pay, shall term mate a1l liabilIty of the Company hereunder In the event, afrer notice of claim has been given to the Com- pany by the Insured, the Company offers to purcha<;e <;ald mdebtedne<;<;, the owner of such Indebtedness shall tran<;fer and assign <;ald mdebtedness and the mortga~e secunng the <;ame to the Company upon payment of the purcha~e pnce 7 PAYMENT Of LOSS (a) The Iiablilty of the Company under thl<; policy shall In no case exceed, In all the actual loss of the Insured and cmts and .lttorneys' fees which the Company may be obligated hereunder to pay (b) The Company will pay, 10 addition to any los<; msured agaInst by thiS poltcy, .11] co:.ts Impo<;ed upon the In<;ured 10 lIti- gation carned on by the Company for the Insured, and all cost<; and attorney<;' fees In litigation carned on by the Imured With the wmten authoflZ,ltJon of the Company (c) No claim for damage<; shall arISe or be malOlalnable under thiS policy (1) If the Company, after haVIng receIved notice of an aUeged defect, hen or encumbrance. not excepted or excluded herem remove<; :.uch defect, hen or encumbrance Within a rea<;onable time after receipt of such notIce nr (2) for Itabllny voluntanly assumed by the Insured 10 settling any claim or ...Ult wJ(hout wntten coment of the Company, or (3) In the event the w[e IS rejected as unmarketable because of a defect, hen or encumbrance nor excepted or excluded 10 dus poltcy, untl] there has been a fmal determination by a court of competent Jun<;- dictIOn sustamlng such rejectIOn (d) All payment<; under thiS policy, ex- cept payments made for co<;tS attorneys' fees and expenses. <;hall reduce the amount of the msurance pro tanto and no payment shall be made Without prodUCIng thiS poltcy for endorsement of such payment unless the poltey be lost or destroyed, 10 which case proof of wch [o"s or destrultIOn <;hall be furOlshed to the <;ahsfactlOn of Ihe Com- pany. proVided, however. If the ownet of an mdebtedness <;elured by a mortgage showo In Schedule B IS an ImureJ herem then such pavment<; shall not reduce pro tanto the amount of the lO<;urance afforded hereunder as to such Insured. except to the extent that mch payments reduce the amount of the mdebtedne-;s secured by such mono gage Payment m full by any per...on or voluntary sah<;facuon or release by the In- sUled of a mortgage covered by thl<; policy shall term mate all ltablhty of the Company 10 the IOsured owner of the IOdebtedness secured by such mongage, except as pro- VIded 10 paragraph 2 hereof (e) When ltabl!Jty has been defInitely fixed 10 accordance WIth (he condItlons of thiS policy the loss or damage shall be pay- able wHhlO thIrty days thereafter 8 LIABILITY NONCUMULATIVE It IS expressly understood that the amount of thiS pohcy 1<; reduced by any amount the Company may pay under any poltcy Insunng the validity or pnonty 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 hen on the estate or Interest descnbed or referred to In Schedule A, and the amount so paId shall be deemed a pay- ment to the Insured under thiS poltcy The proVISIons of thiS paragraph numbered 8 shall not apply to an Insured owner of an mdebtedness secured by a mortgage shown In Schedule B unless such Insured acqUires title to saId estate or IOterest In satlsfactwn of said IOdebtedness or any part thereof 9. SUBROGATION UPON PAYMENT OR SETTLEMENT Whene\er the Company shall have settled a claim under thiS poLcy, all nght of sub- rogaflon shall vest m the Company un- affected by any act of the Insured, and It <;hall be subrogated to and he entitled to all fights and remedIes whIch the In<;ured would have had agaInH any person or prop- erty 10 respect to such claim had thiS poltcy not been Issued If the payment does not cover the lo<;s of the Insured, the Company shall be <;ubrogated to such nghts and remedies 10 the proportIOn ""hlch said pay- ment bears to the amount of said loss If los<; should result flOm any act of the In- sured <;uch,let shall not VOId thiS pohcy, but the Comp,m)' 10 that event shall be requIled In p,t} only that part of any [osse<; IOsured al:alOst hereunder which shall e),,- ceed the 'amount. If ,my In<;t to the Com- pany by reason of the Impalrmenr of the nght of subrogatIon The Insured, If re- quested by the Company, <;hall transfer to the Company all fights and remedies agamst any person or property nelessary 10 order to pafe'ct such nght of <;ubrogahon. and shall permit the Company to use the name of the Insured In any transactIOn or litigatIOn 1OvolvlOg <;uch 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 ltabtllty of any debtor or guarantor, or extend or otherWise moddy the terms of payment, or release a portIOn of the estate or IOterest from the hen of the mortgage, or release any col- lateral secunty for the mdebtedness, pro- 'Ided such act does not result 10 any los<; of pnonty of the hen of the mortgage 10 POLICY ENTIRE CONTRACT Any action or actIOns or fights of actIOn Ihat the Insured may have or may bnng agamst the Company anSlng out (lc the <;tatus of the hen of the mOllgage covered by thiS policy or the title of the e<;tate or Interest 10sured hereIn mu<;t be ba<;ed on the provlSlom of thiS pO]ICY No proVISIOn or condItIon of thl<; pobcy (.dn he waived or changed except by wntlOg endorsed hereon or attached hereto Signed by (he PreSident, a Vice PreSident, the S(cretary. an AssI<;tant Seuetary or other ,"alldJ.tIng officer of (he Company 11 NOTICES, WHERE SENT All notIces reqUired to be ~Iven the Com- pany and any statement In WfltIn~ reqUired to be furOlshed the Company shall bl: ad- dres<;ed to It at the off tee whIch j<;sueJ thl<; policy or to ItS Home Office, 433 South Spnng Streer, Los Ange]es H. Ca]lfornIa 12 THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE @ Title Insurance and Trust Company P'OUNO"C IN legS POLICY OF TITLE INSURANCE Offermg complete tltle serVlces throughout the state of Calrforma wlth Just one local call Complete tltle serUlces also avarlable m the states of Alaska, Nevada, Oregon and Washmgton through subsldrary CompanLes Title Insurance and Trust Company 433 South Spring Street Lo, Angele" California 90054 -,' CITY COUNCIL DON W HAGE ~AYOR City of Arcadia C ROBERT ARTH MAYOR PRO TE~ EDWARD L. BUTrERWORTH ROBERT J CONSIDINE JAMES R HELMS JR ~ 240 WEST HUNTINGTON DRIVE ARCADIA, CALIFORNIA LYMAN H COZAD CITY ~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 Park~r, Tax Cancellation Section Subject: Request for Cancellation of Taxes Baldwin Avenue Parcel No. 5 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 I purposes. There is no building on it. Very truly yours, RDO: jh Enc. ~ MAILING ADDRESSES CITY HALL POBOX 80 91008 LIBRARY 20 W DUARTE ROAD 91006 POLICE DEpARTMENT POBOX eo 91008 FIRE DEPARTMENT 7105 SANTA ANITA AVE 91006 TELEPHONES 448.4471 . 681.0276 446.7111 447.2121 446.2128 v -- - --\ - TO 1012-1 F C California la"d Title A~wClotlon Slandord Coverage Policy Form CopYright 1963 1893 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company , TItle Insurance and Trust Company, a, Caltforma corporation, herein called the Company, for a valuable consideratIOn paid for thIS polrcy, the number, the effective date, and amount of whICh are shown III Schedule A, hereby Insures the parties named as Insured 10 Schedule A, the heirS, devlsess, personal representatives of such Insured, or If al corporatIOn, ItS successors by dissolutIOn, merger or consolidatIOn, agamst loss or damage not exceedmg Ithe amount stated 10 Schedule A, together With costs, attorneys' fees and expenses which the Company may become obl1gated to pay as proVided 10 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 estate or Interest covered hereby In the land descflbed or referred to In Schedule C, eXlstmg at the date hereof, not shown or referred to In Schedule B or excluded from coverage 10 Schedule B or 10 the CondItions and StlpUlalIOns, or , 2 Unmarketabduy of such tItle, <>;r I 3 Any defect 10 the executIOn of, any mortgage shown 10 Schedule B secuflog an mdebtedness, the owner of whIch IS named as an Insured In Schedule A, but only msofar as such defect affects the hen ,or" charge of said mortgage upon the estate or Interest referred to 10 thIS pohey, or 4 Pnoflty over said mortgage, at the date hereof, of any hen or encumbrance not shown or referred to 10 Schedule B, or excluded from coverage 1O the CondltlOns and StlpulatlOos, said mortgage bemg shown 10 Schedule B 10 the order of Its pctority, I I all subject, however....tO'th'e'\'p~i"ons of Schedules A, Band C and to the Conditions and StipulatIOns -" "\\ hereto annexc;!~ ~CE. AND r/?,,, \\1 - ",," 000000 "'0$' II : -v~ ooO~€.lS PR~~Oo ~ IJ ::r ~ 60~ V;-O~{l;"Ci~,,lritJte.;f(f'lhereof, Title Insurance and Trust Company has caused Its i ...... 00 ~ '1{ 'i- ^lcoiP2!.at~&m~..;~a seal to be hereunto affixed by Its duly authonzed officers ~ !j gr'~~':: o;ithe '~a1'e\~Oin~n Schedule A. % .... 0,,,,, _ l~'-'o, ~ ~ - 0 -=->-1, '>G,,"", -== 71\.,~ i 0 z ~ ~ l- 0 /Ai,Il?':r; -:-11~"i:"jP, --g '-( ~ ~ -I< \<;;j~,,~j~!!~:j/ >}- } ~I o~ -~~<<-Qo j:: "1 <()oo1;~l''''-T; I~ ,,'-1:000 ~ ',5 1'1 0$'4 00000000 C';>,v .: \\\\ NGELES, ..b--= \\\\\.'\'\.'\.~"""~-, Title Insurance and Trust Company by ~~ ~SlDENT Attest %u.lif-~ SECRETARY CONDITIONS AND STIPULATIONS 1, DEFINITION OF TERMS The followmg terms when used In thIS policy mean (a) "land" the land descnbed, specdlc- ally or by n:ferenle, In Schedule C and Improvements affixed thereto which by law constitute real propeny, (b) "public records" those records whICh Impart constructive notice of mattels relating to saId land, (e) "knowledge' actual knowledge, not constructive knowledge or notice 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 other securIty mstrument, and (f) "msured" the party or parties named as Insured, and If the owner of the In- debtedness secured by a mortgage shown In Schedule B IS named as. an Insured In Schedule A, the Insured shall mclude (1) each successor m Imerest In ownership of such IOdebtedness, (2) any such owner who acqUIres the estate or Interest referred to In thiS polley by foreclosure, tru~tee'~ sale, or other legal manner m ~atLsfaCtlOn of said mdebtedness, and (3) any federal agency or instrumentalIty whICh IS an In- ~urer or guarantor under an iflsurance con- tract or guaranty InsuTlng or guarameemg <;ald mdebtedness, or any part thereof, whether named as an msured herem or not, subject otherWise to the provI~lOns hereof 2, BENEFITS AFTER ACQUISITION OF TITLE If an lOsured owner of the lOdebtednes~ st'Cured by a mortgage descnbed 10 Sched- ule B acqUIres said estate or mterest, or any part thereof, by foreclosure, trustee's sale, or other legal manner In satlsfacrton of said lOdebtedness, or any part thereof, or If a federal agency or mstrumentailty acquires said estate or mterest, or any part thereof, as a consequence of an lOsurance contract or guaranty InSUTlng or guarantee- 109 the 10debtedness secured by a mortgage covered by this policy, or any part thereof, thiS policy shall contlOue 10 force In favor of such Insured, agency or mstrumenta!Jty, subject to all of the condmons and stLpula- tlOns hereof. 3 EXCLUSIONS FROM THE COVERAGE OF THIS POLICY ThiS policy does not insure agalOSt loss or damage by reasons of the followmg (a) Any law, ordlOance or governmental regulatIOn (mcludmg but not limited to buddmg and zoning ordmantes) restnctJng or regulating or prohibiting the occupancy, u<;e or enJoyment of the land, or regulatmg the character, dImenSIOns, or locatIOn of .my Improvement now or hereafter erected on <;ald land, or prohlbltlng a separatIOn In ownershIp or a reduction 10 the dimenSIOns or area of any lot or parcel of land (h) Governmental fights of polICe power or emment domam unless notice of the l,.xero<;e of such fights appears m the public rCtords at the date hereof (c) Title to any property beyond the lines nf the land expressly descflbed 10 Schedule C, or title to streets, roads, ave- nues, lanes, ways or waterways on whICh <;uch land ,tbu!<; or the lIj::ht to l11amt,lIn therem vaults tunnels ramp~ or an}' ocher structure or Improvement, or any fights or easements [herem unless thiS polIcy spenflc- ally proVides that <;uch property fights or easement~ are msuled except [11M If the land abuts upon one 01 mnre phYSiCally open streets or hlghway<; thl" polICY IOsures the ordlOary flght<; of abut!ln~ owners for access to one of such street<; Ol highways, unless otherWise e},cepted or excluded herem (d) Defects, hem, encumhlanct'<;, ad\el<;e claims agumsr the title as msured or other matters (1) created, suffered, asmmed or agreed to by the In<;ured c\almlOg loss or damage, or (2) known to the Insured Claimant either at the date of !hls pollcy or at the date such Insured Claimant ac- qUired an estate or mtere<;t msured by this' policy and not shown by the publiC record~, unless dlsclo~ure thereof m wntlOg by the Insured ~hall have been made to the Com- pany pnor to the date of thiS polity, or (3) re<;ultmg m no loss to the Insured Claim- ant, or (4) attachmg or created subsequent to the date hereof (e) Loss or damage WhiCh would not have been sustamed 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 (I) for the defense of the Insured m all lItIgatIOn consisting of actIOns or proceed lOgS com- menced agamst the Insured, or defenses, restrainlOg orders, or inlunctlons IOrerposed agalOst a foreclosure or sale of the mort- gage and IOdebtedness covered by thIS policy or a sale of the estate or mterest In said land, or (2) for such actIon as may be appropnate to establish the title of the estate or IOterest or the hen of the mort- gage as Insured, which htlgatlOn or actlOn m any of such events IS founded upon an alleged defect, hen or encumbrance 10- sured agamst by thiS pohcy, and may pur- sue any litigatIOn to fmal determinatIOn 10 the court of last re~ort (b) In case any such actIOn or proceed- 109 shall be begun, or defense IOterposed, or 10 case knowledge shall come to the In- sured of any claim of title or IOterest whICh IS adverse to the tItle of the estate or In- terest or hen of the mortgage as msured, or which mtght cause los~ or damage for which the Company shall or may be !table by vutue of thl~ polity, or If the Imured shall 10 good fatCh contract to sell the 10- debtednt'ss secured br a murtgage CO\ ered by thIS policy, or, I an Insured In good f.l1th lea~es or contracts to sell, lease or mortgage the same, or If the successful bidder at a foreclosure sale under a mort- gage covered by thiS policy refuses to pur- chase and m any such event the title to said estate or mterest IS rejected as un- marketable, the Insured shall notify the Company thereof 10 wfltlOg If such notice <;hall not be given to the Cumpany wlthlO ten days of the receIpt of process or plead- lOgS or If the Insured sh.lI] not, 10 wfltlOg, promptly nonfy the CompJoy of any de- fect !ten or encumbl.lOce m<;urcd ag:lin<;t v. hiCh ~ha]] come to the knU\\ ledge of the Insured or If the Insured Sh,lll not 10 WfltlOg promptly notify the Company of ,my <;uth leJectlOn by rea<;on of cl,umed un- rn,uket,lbiluy of wle then all liabIlity of the Company 10 regard to che subject matter of :>uch aCtlOo, proceed 109 or malter shall cease ,lOd termlnare, prOVided, however, that fadure to notlfy shall In no Cdse prejudICe the claim of any Insured un]e<;~ the Company shall be actually prejudIced by suth fadure and then only to the e'(tent of such prejudICe (c) The Company shall have the nght at ns own cost to lOStltute and prosecute any action or proceedlOg or do ,lOy other act whICh In ItS oplOlon may be necess.lfY or deSirable to establish the tlt]e of the estate or Interest or the hen of the mort- gage as Imured, and the Company m,IY take any appLOpflJ.te actIOn under the term<; of thiS poltcy whether or not It shall be hable thereunder and shall not thereby concede liability or waive any provl~lOn of thiS pollcy (d) In all cases where thiS poltcy per- mits or reqUlre~ the Company to prosecute or prOVide for the defense of any action or proceed 109, the Insured shall seCUle to It the fight co so prosecute or prOVide de. fense 10 such actIOn or proceed 109, and all appeal<; therelO, and permit It to u<;e, at It<; optiOn, the name of che Insured for such purpose Whenever requested by the Com. pany the Insured shall give the Company all reasonable aid In any such actIOn or proceedmg, m effectmg settlement, secuflng eVidence, obtammg witnesses, or prosecu- ting or defendmg such action or proceed- 109, and the Company shall reimburse the Insured for any expense su mcurred 5 NOTICE OF LOSS - LIMITATION OF ACTION In addmon to the notices reqUired under paragraph 4(b), a statement 10 wfltmg of any loss or damage for whIch It IS claImed the Company IS hable under thiS policy shall be furmshed to the Company wlthlO sixty days afrer such [ass or damage shall have been determlOed and no fight of actIOn shall accrue to the Insured under thiS p()I1cy until thirty days after such statement shall have been furmshed and no recovery shall be had by the lo'sured under thiS policy unless actIOn shall be commenced thereon wlthm five years after explfatlOn of saId thirty day penod FaIlure to furnish such statement of loss or dama~e, or to commence such action wlthm the time herem before specified, shall be a con- dusI\'e har agalmt maintenance by the In- sured of any acoon under thiS poltcy 6 OPTION TO PAY, SETTLE Oil: COMPRO- MISE CLAIMS The Company shall have the optIOn to payor settle or compromise for or 10 the name of the Insured Jny claim msured agalOst or to pay the full amount of thiS poltcy, or, 10 case loss IS claimed under thl<; policy by the owner of the IOdebtednt<;~ secured by a mortgagt covered by thl\ pohcy, the Company <;hall have the optIOn to purchase said IOdebtedness, such pur- chf1se, payment or tender of payment of (Conditions and Stlpulatlons Continued and Concluded on Lost Page of ThiS Policy) TO 1012-) AB C California land Title Auoclcllon Standard Coverage Pallcy-1963 SCHEDULE A Premium $ Amount $ 2, 000. 00 Effective Date FebTuary I 23, 1968 at 8:00 a.m. Policy No.6725968 THE CITY OF ARCADIA, , I I a municipal INSURED corpoTation. I I 1. Title to the estate or interest coverea by this policy at the date hereof is vested in: I THE CITY OF ARCADIA, a!municipal corporation. I , i I 2. The estate or interest in the land dekcribed or referred to in Schedule C covered by this policy is a fee. SCHEDULE B This policy doe, not in,ure against loss 6r damage by reason of the following: PART I 1, Taxes or assessments winch are not shown as eXIsting liens by the records of any taxwg authority that levies taxes or assessments on real property or by the publIc records 2, Any facts, rights, interests, or claIms wmch are not shown by the public records but which could be ascertained by an inspection of said l~nd or by making inqwry of persons in possession thereof, 3, Easements, clarms 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 wmch are not shown by the public records 5, Unpatented mining claims, reservatJ.6ns or exceptions III patents or in Acts authonzwg the issuance thereof; water rights, claims or title l? water, I I TO 10128 ConI C Callforn.a Lond Tille Auoclallon Standard COyerall_ Policy form Copyr,ghl1961 S C HE D U L E B - (Continued) I , PART II , I , 1. An easement affecting all of said land for the purposes stated herein, and incidental purposes, In Favor of Santa Anita Land Company For pipel lines Recorded in book 2514 page 225. of Deeds, and in book 2577:page 297 of Deeds. , 2. The right to lay, maintain, repair and renew, and enlarge as nexessary, or convenien t, a 'vla ter main and all usua 1 and necessary equipment and connections thereof, over the westerly 5 feet of said land as g~anted to California-Michigan Land and Water Compa0Y, a corporation, by deed recorded January 17, 1957 in book 53413 page 51, Official Records. Said deed provides further that the grantee is to have free and ready access thereto at any and all times, It is agreed that no obstructions are to be put in the way-of such free and ready access. the , in the Sup~rior Court : February 9, 1968 City;of Arcadia, a municipal corporation, vs Britta L. Albert, et a1 926351, Superior Court, Los Angeles County pUblfc street and incidental purposes pa'rce1 5 pendency o~ said action was February 9, 1968 in book M 2772 page 966, Official Records, as instrument No. 3426 ! 3. An action Conunenced Enti tled Case No. Nature of Affects Notice of Recorded Action TO lOT2-I-I056-1C C AmerIcan land Title A8S0CIOtlon loan Policy AdditIOnal Coverage-1962 0' California land Tltle AUoclatlon Standard Coverage Policy_1963 SCHEDULE C The land referred to in this policy is situated in the county of Los Angeles, state of California, and is described as follows" i , That portion of lot 1 iniblock "H" of Santa Anita Land Company's Tract, in the city of Arcadia, county of Los Angeles, state of California, as per map recorded in book 6 page ,11 of Miscellaneous Records and in book 6 page 137 of Maps in the office of the - county recorder of said county, described as fo~lows: '. Beginning at the northeast corner of said lot; thence westerly \ along the northerly line:of said lot to the beginning of a- tangent curve concave 'southwesterly and having a ~~dius_of 15.00 feet and being tangent at its southerly terminus to the westerly'line of the easterly 12.00 feet of said lot; thence', southeasterly along,_ said flast mention:O curve to its sald last mentioned point of tangency; thence southerly along said last mentioned westerly line to the southerly line of the north 52.00 feet of said~lot 1; thence ea~te~ly along said last mentioned southerly 1ine1to the easterly line of said lot; thence northerly thereon to the ,point of beginning of this description. , , . CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse S,de of Polley Face) the full amount of this policy, together \\ nh all (UStS, attorney~' fees and expenses \\ 11lCh the Company IS obligated hereunder [0 pay, shall term mate all Iiabllltv of the Company hereunder In the event, after notice of claIm has been given to the Com- p.my by the Insured, the Company offers to purchase ~:J.ld Indebtedness, the owner of ~uch IOdebtedness shall transfer and assIgn ~.tld Indebtedness and the mortgal;:e secunng the same to the Company upon payment of the purchase pf/(.e 7 PAYMENT OF LOSS (a) The liability of the Company under tll1~ pohcy shall 10 no case exceed, In all, the actual loss of the Insured and costs and .lttorneys' fees whIch the Company may be obhgated hereunder to pay (b) The Company will pay, 10 addItIOn to any loss IOsured agalOst by rhls POliCY, J.1I CO~ts Imposed upon the Insured 10 ilh- gatlon carfled on by the Company for the Insured, and all COSts and attorney~' fees 10 litigatIOn carned on by the Insured With the wfltten authorlZ,ltlOn of the Company (c) No c1atm for damages shall aflSe or be malOtalnable under thiS polLcy (1) If the Company, after havlOg receIved notice of an alleged defect, lIen or encumbrance not excepted or excluded herein remove~ such defect, hen or encumbrance wlthLn a reasonable time after receipt of such notice Ilr (2) for liabIlIty voluntarily assumed by the Insured 10 settlmg any claim or SUlt Without wntten consent of the Company, or (3) 10 the event the title IS rejected as unmarketable because of a defect, lien or encumbrance not ~xcepted or excluded m thiS pohcy, until there has been a final determinaCIon by a court of competent Jurl~- dIction sustalOlOg such rejectIOn (d) All payments under thiS policy, ex- cept payments made for COStS, fltrOlney~' fee~ and expenses, shall reduce the amount of the IOsuranee pro tanto and no payment shall be made WIthout prodUClOg thIS POllCY for endorsement of such payment unle~~ the POlICY be lost or destroyed, 10 which c,lse proof of such [os~ 01 destl uctlOn shall be furmshed to the sahsfactlon of the Com- pany, prOVided, ho\\ever, If ,he owner of I an IOdebredness setured by .1 morrg.lge shown 10 Schedule B IS an ImureJ hereIn then I such pavment~ shall not reduce pro tanto the amount of the IOsuraoce afforded hereunder as to such Insured, eAcept ro the extent th.lt ~uch payments reduce the amOllnt of the Indebtedness secured bv such mon- gage Payment 10 full by any person or voluntarr satIsfaction or release by the In. SUI ed 0 a mortgage covered by thIS pohey shalll termlOate all llabdHY of the Company to the lnsured owner of the Indebtedness secured by such mongage, e,,<cept as pro- VIded In paragraph 2 hereof (e) When ltabdlty has been definitely fIxed 10 accordance WIth the conditIons of th1S policy the loss or damage shall be pay- able wlthln thirty days thereafter , 8 LIABILITY NONCUMULATIVE It lS expressly understood that the amount of thIS policy IS reduced by any amount the Company may pay under any pollcy IOsuflng the validity or pnoClty of .loy mongage shown or referred to 10 Schedule B hereof or any mortgage here- after. executed by the Insured whIch IS .1 charge or hen on the estate or mtere~t descnbed or referred to to Schedule A, and the amount so pald shall be deemed a p.JY- ment' to the Insured under thiS pohcy Tilt proVISIOns of dllS paragraph numbered 8 shall' not apply to an Insured owner of an mdebtedness secured by a mortgage shown 10 Schedule B unless such Insured acqUlre~ wle to saId estate or Interest In satlsfactHln of saId IOdebtedness or any part thereof 9 SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under thls polLcy, all ngbt of ~lIb- rogatIon shall vest 10 the Company un- affected by any act of the Insured, and It ~hall be subrogated to and be entItled to all C1ghts and remedies which lhe Insured would have had agalOSt any person or prop- erty 10 respect to such claim had thIS polley not been Issued If the payment does not cover the lo~s of the Insured, the Company ~hall' be subrogated to such nghts and remedIes to the proportIOn whICh saId pay- ment I bears to the amount of saId loss If lo~~ ~h()uld re~ulr from ,my act of the In- sured, ~uch .Jct sh.Jll not vmd thiS polKY, but the COlT'p.tny, to that event shall be reqUired to p.ly only tlUt pan of any losst'~ Insured ,lgalO~t ht'reunder whICh shall eA' teed the "mount, d ,Iny, lo~t to the Com- pany by reason of the ImpJlrment of the fight of ~ubrog,ltlOn The Insured, If re- quested by the Company, ~hall tr.tnsfer to the Company All fights and remedlc~ agam~t any person or property netessary 10 ordu to ptcfect ~uth fight of ~ubrogatj()n, and shall permit the Company to use tht name of the lnsured 10 any transactIOn or IItlgatlon IOvolvlng ~uch fights or remedlcs If the Insured IS the owner of the 10- debtedne~s secured by a mortgage covered by thiS poltcy, such Insured may release or sub~(ltute the per~onal lLablilty of any debtor or guarantor, or extend or otherwl~e moddy the terms of payment, or rdease a portIOn of the e~tate or Interest from the lien of the mortgage, or release any col- lateral ~ecuflty for [he IOdebtedne~s, pro- \ lded ~Ilch act does nne re'ult m any los~ of pfloflty of the !ten of the mortgage 10 POLICY ENTIRE CONTRACT Any :tcoon or actIOns or fights of action [hat the Imured may h,1\e or may bnng agalO~t the Comp.my .lC1~lllg out of the status of the hen of the mottgage covered by [hiS pohcy or the tlde of the estate or IntereSt Insured herem mUSI be based on the pro\'lSIon~ of thiS pollty No proVISion OJ conditIOn of thls pohey ldn be waived or changed except by wflung enJor~ed hereon or attached hereto Signed by ,he PreSIdent. a VICe PreSIdent, the SecretJ.rY, an A~~"tam Setretary 01 other ,alHlatmg offlcu of the Company 11 NOTICES, WHERE SENT All notICes reqUIred to be gIven the Com- pany and any statement m WCltlOl; reqUIred to be furOlshed thl Company ~h.t11 be ad- dressed to It at the offICe whICh l~sued thl~ polLcy or to ItS Home OffIce 433 South Spllng Street, Los Angeles ~4, Callforma 12 THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE @ Title Insurance and Trust Company 1 FOUNDeD IN lBO:a , i \ I POLICY OF TITLE INSURANCE Offermg complete tttle serUlces throughout the state of Calrforma wlth Just one local call Complete trtle serVlces also avmlable In the states of Alaska, Nevada. Oregon and Washmgton through subsrdUlry Compames Title Insurance and Trust Company Home Office 433 South Spring Street Lo, Angele, 54, California 8. :s I.: . . . . . . . ., MARK H BLOODGOOD AUCITOR.CONTROL.L.ER COUNTY OF LOS ANGELES DEPA~TMENT OF AUDITOR,CONTROLLER D..:../6-fb 153 HALL OF ADMINISTRATION 1 LOS ANGE.LES, CALIFORNIA 90012 825.:36t I ROBERT A, GJl..L CHIEF DEPUTY J R, P~SSARELLA. CHIEF. TAX OIVISION January 30, 1969 City of Arcadia. 2~O West Huntington Drive Arcadia, Califo~nia , Attention: Robert D. Ogle City 'Attorney Re: Bald~in Avenue Parcel No. '5 DREYER and Me GIRK, grantors 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 29, 1968 by Authorization No. 06328. I Very truly yours, J~. BLOODGOOD, Auditor-Controller By , J. R. Passarella, Chief , Tax Division JRP!EI1P/tc