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CERTIFICATE OF ACCEPTANCE
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This is to certify that the interest in real property conveyed or
transferred to the City of Arcadia, a municipal corporation, by
the deed', grant, conveyance or instrument dated February 14. 1968 ,
from" or executed by Toney Hoffman ,
is hereby accepted by the City of Arcadia by the order or authori-
zation of the City Council of the City of Arcadia containe~ 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 ecordation thereof by its duly authorized officers.
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ity Manager ity Engineer
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f The aocument thus described is
hereby approved as to form.
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ity ttorney
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AND WHEN IIIECOIIIOatO "'AIL TO
D^ Uj~[U ~Ij 23
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. CITY ()F-ARCADlA
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NOIll. City Clerk
Slr..t P.O. Box 60
Addr..,
C"y & Arcadia, Calif.
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RECORDED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY. CALIF.
FOR TITLE INSURANCE & TRUST CO.
FEB 23 1968 AT 8 A.M.
RAY E. LEE, County Recorder
-1
SPACE ABOVE THIS LINE FOR RECORDER'S USE
"'AIL TAl( STAH.....ftolTS TO
I
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FREE RECORDING ESSENTIAL TO ACQUISITION
BY, CITY OF ARCADIA, a municipal
corporation. SEE GOVT. CODE # 6103.
J fREE~R .,
Nom.
Ci ty of Arcadia
Slt..t
Addt..,
C,ty &
Stote L
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. Grant Deed
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\'\0 TAX DUE "
AFFIX I.R.S. S. .~. ABOVE
TO 405 C (4 67)
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
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FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
TONEY HOFFMAN
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!jherebY GRANT(S) to the CITY OF ARCADIA, a Municipal Corporation,
fjf-pi FI<E , .
.88 eaeemeRt for publ1c 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 City of Arcadia, ~
County of Los Angeles , State of Cahfornia: ......
That portion of Lot 1 of Tract No. 4467, in the City of Arcadia, County of Los Angeles, (J
State of California, as per map recorded in Book 53, Page 10 of Maps, in the office of the
County Recorder of said County included within the. following described lines:
Beginning at the southwest corner of said lot; thence easterly along the southerly line of
said lot to the beginning of a curve, concave northeasterly having a radius of 15,00 feet,
said curve being tangent northerly to the easterly line of the westerly 22.00 feet of said
lot; thence northwesterly along said curve to said easterly line; thence northerly along
said easterly line a distance of 50.00 feet; thence northerly in a direct line to the poin
of intersection of the easterly line of the westerly 17.00 feet of said lot with a line
drawn at right angles through a point in the easterly line of said westerly 22.00 feet of
said lot and distant. northerly along said line 175.00 feet from the northerly terminus of
said curve; thence northerly along the easterly line of said westerly 17.00 feet to the
southerly line of Lot 27 of Tract No. 8475, as per map recorded in Book 114, Page 100 of
said Maps; thence westerly along said southerly line to the westerly line of said lot;
thence southerly along said westerly line to the point of beginning.
EXCEPT THEREFROM that portion included within the south 140.00 feet measured at right
angles from the south line of said lot.
DatelC.~~c ,I If) / 9 t Y
}55.
On before me, the under-
Signed, a Notary Pu III and for said State, personally appeared
Toney Hoffman
[T~
~y manlP!L
to he the persoII-whose name i A
Instrument and acknowledged that she
WtTNE55 m~ hand and. o~eal
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... ..""'..,.."........."...........OFFiciA~.'Sr::A:.. ~
HRISTINE VAN MAANEN ,
_!, NOTARY pUBucNa:A*:IRG;ipij114r Printed)
- OllW....odJefl.. II 'ifi-1!'8 Jt\ne 23, 1971
known to me
subscnbed 10 the wlthm
executed the samE'
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(Till. l.lell fOI OITlClll.! notarlill ~&ll
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Escrow or Loan No,
MAIL TAX STATEMENTS AS DIRECTED ABOVE
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.GRANT DEED
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Title Insurance
and
Trust Company
COMPLETE STATEWIDE TITLE SEAVICE
WITH ONE LOCAL CALL
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GRANT DEED
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Title Insurance
and
. Trust Company
COMPLETE STATEWIDE ,TITLE SERVICE
WITH ONE LOCAL CALL
..
CITY COUNCIL
DON W HAGE
MAYOR
City of Arcadia
C ROsERT ARTH
MAYOR PRO TEM
EDWARD L BUTTERWORTH
ROeERT J. CONSIDINE
JAMES R HELMS JR
~
240 WEST HUNTINGTON DRIVE
ARCADIA, CALIFORNIA
l- YMAN H COZAD
CITY MANAGER
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. 40
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,
RDO: jh
Enc.
1-
MAILING ADDRESSES
CITY HALL POBOX 80 gl00e
LIBRARY 20 W DUARTE ROAD 91008
POLlCE DEPARTMENT POBOX 60 91008
FIRE DEPARTMENT 7105 SANTA ANITA AVE 91008
TELEPHONES
448.4471 . eel..o278
448.7111
447.2121
446.2128
TO 1012-1 F C (10-67)
Cal,forn.a land T,tle Anoclotlon
Stondord Coverage PolICY Form
Copynght 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
consideratIon paid for thIS POlICY, the number, the effec[Ive date, and amount of WhICh are shown tn
Schedule A, hereby tnsures the parties named as Insured 10 Schedule A, the helCs, devisees. personal
representatives of such Insured, or If a corporatIOn, I(S successors by dIssolution, merger or consolIdatIOn,
agamst loss or damage not exceedmg the amount stated in Schedule A, together with cOSts, attorneys'
fees and expenses whlCh the Company may become obltgated to pay as provlded tn the COndttlons and
Stlpula[Ions hereof, whICh the Insured shall sustain by reason of
Any defect 10 or !Jen or encumbrance on [he title to the estate or Interest covered hereby 10 the
land descnbed or referred to 10 Schedule C eXIsttng at the date hereof, not shown or refl'rred to
10 Schedule B or excluded from covera8e 10 Schedule B or 10 the Condmons and Stlpulatlons, m
2 Unmarketablltty of such title, or
Any defect In the executIOn of any mortgage shown 10 Schedule B secunng an IOdebtedness, the
owner of which IS named as an Insured 10 Schedule A, but only IOsofar as such defect affects the
iten or charge of saId mortgage upon (he estate or Interest referred to 10 thiS policy, or
4 Pnonty over said mortgage, at the date hereof, of any ben or encumbrance not shown or referred
to 10 Schedule B, or excluded from coverage In the CondItIOns ;Ind StipulatIOns, said mortgagE
hemg shown In Schedule B In the order of ItS pnonty,
aU subject, hOW~lJ~Th'l~"))~~;Siq~ of Schedules A, Band C and to the CondltlOns and StlpulatlOos
hereto annex!,.4~ ~CE ANO 1"R(; \\\~
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/ ~ 00(<,. ~.J;>;1JtlEJI!l~lJ7/~ne.ssd.V'hereof! Title Insurance and Trust Company has caused its
~'O~O-~ jh./;!.:t<'O..c''''d d d
:? '-. 0 ~ q. cq,rp-orate;name.an seal to be hereunto affIxed by Its uly authoClze offlCer~
% ... o!~' '>"7 ""d-' 0 .... f' d
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Title Insurance and Trust Company
by
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Allest 0W lif-~
SECRETARY
CONDITIONS AND STIPULATIONS
DEFINITION OF TERMS
The followIng terms when used 10 thIs
policy mean
(a) "land" the land desCrIbed, specifIc-
ally or by n.-ference, In Schedule C and
Improvements affixed thereto which by law
constitute real property,
(b) "publIC records" those records
whIch Impart constructive notICe of matters
relahng 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 dare,
(e) "mortgage" mortgage, deed of trust,
trust deed, or other .!iecunty lOstrument, and
(f) "Insured" the party or partles named
as Insured, and If the owner of the m-
debeedoes.'; secured by a mortgage shown m
Schedule B IS named as. an Insured In
Schedule A. (he Insured shall mclude (1)
each successor In intereSt In ownership of
such IOdebtedness, (2) any such owner who
acquIres the estate or mterest referred to
m thIS poilcy by foreclosure, trustee's sale,
or other legal manner m satisfactIOn of
saId mdebtedness, and (3) any federal
agency or mstrumentahty whICh IS an In.
surer or guarantor under an msurance con-
tract or guaranty insuring or guaranteemg
saId mdebtedness, or any part thereof.
whether named as an msured herelO or not,
subject otherWIse to the proVISIOns hereof
2 BENEFITS AFTER ACQUISITION OF TITLE
If an msured owner of the tndebtedness
se<ured by a mortgage deswbed 10 Sched-
ule B acqUIres saId estate or tnterest, or
any part thereof, by foreclosure, trustee's
sale, or other legal manner m satIsfactIOn
of saId mdebtedness, or any part thereof,
or If a federal agency or mstrumenraJlty
acqUIres saId estate or IC'Herest, or any part
thereof, as a consequente of an msurance
contract or guaranty IfL'il.l.nng or guarantee-
mg the tndebtedness seetHed by a mortgage
covered by thiS policy, Or any part thereof,
thIS poilcy shall contmue 10 force 10 favor
of such Insured, agency or mstrumentaltty,
subject to aU of the conditIOns and stlpula.
tlOns hereof.
3 EXCLUSIONS FROM THE COVERAGE OF
THIS POLICY
ThIS poilcy does not IOsure agatnst loss
or damage by reasons of the followmg
(a) Any law, ordmance or governmental
fl'gulatlOn (tncludlng but not hmIted to
bUlldmg and zomng ordmdnces) restnctlng
or regulatmg or prohIbiting the occupancy,
use or enJoyment of the land, or regulating
the character, dlmenslOhs or locatIOn of
.lny Improvement now or' hereafter erecred
on 'iald land, or prohlbltmg a separatIOn 10
ownershIp or a reductIOn In the dImenSIOns
or area of any lot or parcel of land
(b) Governmental nghts of police power
or emment domain unless notlce of the
l'XerCi'ie of such nghts appears m the public
rctords at the date hereof
(c) Title to any ptoperty beyond rhe
hnes of the land eXpl:"essly descnbed m
Schedule C, or utle to 'irreets, roads, ave-
nues, lanes, ways or Waterways on whIch
such land abur'i or the fight to malOr:Jm
therem vaults, tunnels, rnmp~ or any mher
structure or Improvement, 01 any lights or
easements rherem unless thIS policy speCIfIC-
ally provIdes that 'iuch propelty, nghts or
easements are msured, except that If the
land abuts upon onc or more phYSIcally
open street'i or hlgh\\ays thI'i poltcy IOsures
the ordlOary fights of abu((tn~ owners for
access to one of slllh 'itreets or hl~hway'i,
unless otherv/lse excepted or excluded
herem
(d) Defects, bens, encumblances, ad\er'ie
claims agalOst the tItle as iOsured or other
matters (I) created, 'iuffered, assumed or
agreed to by the Insured c1almlOg loss or
damage, or (2) known to the Insured
Claimant eIther at the date of thIS poltcy
or at the date such Insured Claimant ac-
qUlred an estate or iOterest lO'iured by thl'i
polICY and not shown by the pubilc records
unless dlsclo\ure thereof In wrltm~ by the
Insured shall have been made to the Com-
pany pnor to the date of thiS policy, or (3)
resultmg 10 no loss to the In'iured ClaIm-
ant, or (4.) attaching or created subsequent
to the date hereof
(e) Loss or damage whIch would nor
have been sustalOed 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, ar ItS own cost and
WIthout undue delay shall proVIde (I) for
rhe defense of the Insured In a1l litigatIOn
Consisting of actions or proceedlOgs com-
menced agalOst the Insured, or defen'ies,
restralOing orders, or to/unctIOns interposed
agamst a foreclosure or sale of the mort-
gage and IOdebtedness covered by thIS policy
or a sale of the estare or Interest 10 saId
land, or (2) for such actIOn as may be
appropnate to establish the title of the
estate or Interest or the !ten of the mort-
gage as msured, whIch IrtIgatlOn or actIOn
III any of such events IS founded upon an
alleged defect, lIen or encumbrance 10-
sured agalOst by thiS pohcy, and may PUl-
sue any litigatIOn to flOal determmatlOn 10
the court of last resort
(b) In ca!'ie any such actIOn or proceed-
109 shall be begun, or defen'ie IOterposed,
or 10 case knowledge shall come to [he In-
sured of any claIm of tule or IOterest which
IS adverse to the rltle uf the estate or lO-
terest or hen of the mortgage as IOsured,
or which ought cause loss or damage for
whICh the Company shall or may be liable
by virtue of thiS polity, or If the Insured
shall 10 good faith contract tu sell the lO~
debtedness secured br a mortgage covered
by thIS pohcy, or, I J.n Insured 10 good
faIth leases ur cuntra([~ to sell, lease or
mortgage rhe same, or If the \uccessful
bIdder at a foreclosure sale under a mort-
gage covered by thIS policy refuses to pur-
chase and In any such event the wle to
said estate or IOterest IS rejected as un-
marketable, the Insured shall notIfy the
Company thereof III wf1tmg If such notlce
shall not be given to the Company WlthlO
ten days of the receipt of process or plead-
lOgs or If the Insured shJ.ll not, 10 Wf1tlOg,
promptly nOllfy the Company of any de-
fen, hen or encumbrance IOsured agalOsr
whIch shall come to the knowledge of the
Insured, or If tbe Insured shall not, 10
wf1tmg, promptly notdy the Company of
aoy 'iUch re)ectlOn by rea 'ion of claImed un-
marketabdny of title, then all l1abliJty of
the Company 10 regard to the subject matter
uf ~uch aC(Jon, proceed 109 or matter 'ihall
cease and termlOate, prOVided, however.
that fadure to notify shall 10 no case
prejudIce the claIm of any Insured unles'i
the Company shall be actually prejudICed
by SUlh fadure and then only t() the extent
of such preJudice.
(c) The Company shall have the nght
at HS own cost to IOsotute and prosecute
any actIOn or proceedlOg or do any other
act whIch m ItS oplOlon may be necessary
or deSirable to establish the title of the
estate or Interest or the hen of the mort-
gage as Insured, and the Company may
take any appropnate actIOn under the terms
of thiS policy whether or not It shall be
liable thereunder and shall not thereby
concede liabilIty or waive any provISIon of
thiS polLcy
(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 InsUled shall secure to
It the nghr to 'iO prosecute or prOVIde de-
fense 10 such altlon or proceed 109, and all
appeals theretn, and permIt It to use, at It~
optIOn, the name of rhe Insured for such
purpose Whenever requested by the Com-
pany the Insured shall gIve the Company
aU reasonable aid In any such actiOn or
proceedmg, 10 effectmg 'iettlement, secunng
eVidence, obtamlOg WItnesses, or prosecu-
tlOg or defend 109 such actIOn or proceed-
109, and the Company 'ihall reImburse the
Insured for any expense so IOcurred
S NOTICE OF LOSS - L1MITATlON OF
ACTION
In addHlon to the notICes reqUIred under
paragraph 4{b), a sratement In wntmg of
any loss or damage -for whIch It IS cl,umed
the Company IS lIable under thiS policy
shall be furnIshed to the Company WlthlO
SIxty days after such loss or damage shall
have been determIned and no nght of
actIOn shall accrue to the Insured under
thiS policy untJ! thirty days after such
statement shall have been furOlshed, and
no recovery shall be had by the Insured
under this policy unless actIOn shall be
commenced thereon wlthm five year'i after
expIratIOn of said thIrty dar penod Failure
to furmsh such statement 0 loss or damage,
or to COmmence such actlon WIthIn thL
time herembefore specified, shall be a con-
clu'ilve bar a~alOst malOtenance by the In.
sured of any action under thiS policy
6 OPTION TO PAY, SETTLE OR COMPRO-
MISE CLAIMS
The Company shall h.lVe the option to
payor settle or compromIse for or In the
name of the Insured any claIm IOsured
agaInst or to pay the full amount of thl'
pohcy, or, 10 case loss IS claimed under thl'i
policy by the owner of the mdebtedne'i~
secured by a mortgage coveH:d by thl~
pohcy, the Company shall have the optIOn
to purchase saId mdebtednes.., such pur-
ch;:;.se, payment or render of payment of
(CondItIons and StipulatIons Continued and Concluded on Lost Page of ThiS Policy)
mc
TO 1012-1 AB C
Cahforn'o land Title Auodotlon
StandQrd Coverage Poltcy-1963
SCHEDULE A
PremIUm $
Amount $ 2,000.00
Effective
Date February 23, 1968 at 8:00 a.m,
Pohcy No 6739704
INSURED
CITY OF ARCADIA, a municipal corporation,
1 Title to the estate or interest covered by thIS policy at the date hereof is vested in
CITY OF ARCADIA', a mun-icipal corporation,
. '
2. The estate or interest in the land described or referred to ill Schedule C covered by this policy IS
a fee
SCHEDULE B
'Ibis policy does not insure against loss or damage by reason ~f the following:
PART I
1. Taxes or assessments which are not shown as existing hens by the records of any taxIng authority that
leVies taxes or assessments on real property or by the publIc records
2, Any facts, rights, interests, or claIms whIch ere not shown by the publIc records but which could be
ascertained by an inspectlon of SaId land or by malong InqUiry of persons In posseSSIOn thereof
3. Easements, claims of easement or encllmbrances which at e not shown by the publIc records
+. Discrepancies, conflIcts in boundary lines, shortage in area, encroachments, or any other facts which a
correct survey wall1d disclose, and which arc not shown by the pubhc records
5. Unpstented mimng claims, reservatIOns or exceptions In patents or In Acts authonzmg the issuance
thereof. water nghts, claWls or title to water,
v.w.
10 1&12-18 Cont. C
CalifornIa land Title Auoclatlon
Standard Coyerage Pollc;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 : $189,97 parcel No, 5~85-15-1
2. An action in the
Commenced
Entitled
Superior Court.
February 9, 1968
City of, Arcadia, a municipal corporation vs,
Britta L, Albert, et al.
926351, Superior Court, Los Angeles County
for public street purP9ses '
parcels 40 and 41
Case No,
Nature of Action
Affects
Notice of the pendency of said action was
Recorded February 9, 1968 in book M 2772 page 966,
Official Records, as instrument No. 3426
TO l012-1-I056-IC C
Amcrlcon Lond Tltl. AssoCiation Loon PolIcy
Additional Coverogc-J962
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California Land TJtl& ASSOciatiOn
Standard Coverag& POIICY- 1963
. SCHEDULE C
The land referred to in this policy is situated in the county of Los Angeles, state of California,
and is described as follows.
That portion of lot 1 of Tract No. 4467, in the city of Arcadia,
county of Los Angeles, state of California, as per map recorded
in book 53 page 10 of Maps, in the office of the ,county recorder
of said county included within the following described lines:
Beginning at the southwest corner of said lot; thence easterly
along the southerly line of said lot to the bep,inning of a curve;
concave northeasterly having a radius of 15.00 lfeet, said curve
being tangent norther~y to the easterly line of the westerly 22.00
feet of said lot; thence northwesterly along said curve to said
easterly line; thence northerly along said easterly line a ctistance
of 50,00 feet; thence northerly in a direct line to the point of
intersection of the easterly line of the westerly 17,00 feet of
said lot with a line drawn at right angles through a point in the
easterly line of said westerly 22,00 feet of said lot and distant
northerly along said line 175.00 feet from the northerly terminus
of said curve; thence northerly along the easterly line of said
westerly 17.00 feet to the southerly line of lot 27 of Tract No,
8475, as per map recorded in book 114 page 100 of said maps; thence
westerly along said southerly line to the westerly line of said lot;
thence southerly along said westerly line to the point of beginning.
EXCEPT THEREFROM that portion included within the south 140.00
feet measured at right angles from the south line of said lot.
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PORTION OF LOr 1 OF TnACT NO. 4467
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This is not 8 survey of the lend but is compiled for informetion, by the
Title Insurence end Trust Compeny from dete shown by the officiel records,
CONDITIONS AND STIPULATIONS <Contmued and Concluded From Reverse Side of Policy Face)
the full amount of this policy, to~ether
\\ lth all (O~tS, attorneys' fee~ and expen~es
\\ 11Ich the Company IS obligated hereunder
[n pay, shall termmate all liability of the
Company hereunder In the event, after
notICe of claim has been gIven to the Com-
p.my by the Insured, the Comp,my offer~
to purcha~e s;lld mdebtedne~~, the owner of
~uch Indebtedness shall transfer and ,tsslgn
~.\ld mdebtedness and the mortga~e ~ecunng
the same to the Company upon payment of
the purchase pnce
7 PAYMENT OF LOSS
(a) The lIabllny of the Company under
tlH~ policy shall m no case exceed, 10 all,
the actual loss of the Insured and oms and
.\tmmeys' fees which the Company may be
obligated hereunder to pay
(b) The Company will pay, m additIOn
to any lo~s Insured agalOst by thl~ policy,
.III co~[s Imposed upon the Insured m lItl-
Ration carned on by the Company for the
In~ured, and all costs and attorney~' fees LO
Iitlgatlon earned on by the Insured With
[he wntten authoflzdtlOn of the Company
(c) No claim for damages shall aflSe or
be mamtamable under this polICY (1) If
the Company, after having received nollce
of an alleged defect, lien or encumbrance
not excepted or excluded herem removes
::ouch defect, ben or encumbrance Within a
reasonable time after receipt of ~uch nohce
or (2) for liabIlIty voluntanly a~~umed by
the Insured In settling any claUll or SUit
without wntten consent of the Company,
or (3) In the event the wle I~ rejected as
unmarketable because of a defect, hen or
encumbrance not excepted or excluded In
thiS pohcy, unnl there has been a fmal
determination by a court of competent Juns-
dictIOn sustamlOg such relecllon
(d) All payments under thIS policy, ex-
cept payments made for coStS a[lOrneys'
fees and expenses, ~hall ~duce the amount
of the Insurance pro tanto and no payment
shall be made Without producmg tIllS policy
for endorsement of ~uch payment unless
the poltcy be Imt or destroyed, In which
c.lse proof of such los~ or de~tructlOn ~hal1
be furnished to the ~atl~fa([[on of thl: Com-
pJ.ny, proVided, however, If the owner of
an mdebtednes~ ~e(ured by a mortgage
shown 10 Schedule B IS an 1n~ured hereIn
then such pavment~ sh,dl not reduce pro
tanto the amount of the m~ur.lOce afforded
hereunder a~ to such Insured, eAcept to the
extent thar ~uch payment~ reduce tht" amount
of the mdebtedne~s ~ecured by such mOf{'
gage Payment 10 full by any person or
voluntarr satlsfactlon or release by the 10-
sUled 0 a mortgage covered by thiS poilcy
~hall terminate all liability of [he Company
to the IOsured owner of the mdebtedness
secured by such mortgage, except as pro-
vided In paragraph 2 hereof
(e) When ilabillty has been definitely
fIxed In accordance with [he condJtlon~ of
thiS poilcy the loss or damage shall be pay-
able wllhlO th1fty days thereafter
8 LIABILITY NONCUMULATIVE
It IS expre~<;ly understood that the
amount of thl~ polICY IS reduced by any
amount the Company may pay under any
policy IOsuflng the validIty or pflonty of
any mortgage shown or referred to 10
Schedule B hereof or any mortgage here.
after executed by the Insured which IS a
charge or lien on [he estate or Interest
descflbed or referred to 10 Schedule A. and
the amount so paId shall be deemed a pay-
ment to [he Insured under thl~ policy The
prOVISions of thIS paragraph numbered 8
shall not apply to an lmured owner of an
IOdeb[ednes~ secured by a mortgage shown
10 Schedule B unle~~ mch Insured acqUIres
utle to said estate or mtere'it In satIsfactIOn
of said IOdebtedness or any part thereof
9 SUBROGATION UPON PAYMENT OR
SETILEMENT
Whenever the Company shall have settled
a claim under thl~ po!:cy, all fight of sub-
rogatJon shall vest 10 the Company un-
affected by any act of the Insured, and It
~hall be subrogated to and be entitled to
all nghts and remedIes whICh the Insured
would have had agalOSt any person or prop.
erty 10 respect to ~uch claim had thiS policy
not been Issued If the payment does not
cover the lms of the Insured, the Company
shall be ~ubrogat('d to such fights and
remedies 10 the proportlOn whICh said pay-
ment bears to the amount of saId loss If
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l(h~ should remit from any aCt of the In-
sured, ~uch .ICt shall not VOid till' policy,
but the Comp.lOY, In that e\ent, shall be
lequ1fed to PdY nnly that part of any losse~
Insured .H~alO~t heleunder whICh ~hJ.ll e},-
ceed the '.lInount, If any, lost {() the Com-
pany by reason of the Impalfmenr of the
nght of mbrog.\tlOn The Insured, If re-
quested by the Company, ~h,tll transfer to
the Company all fights and remedies
agamst any person or property nCt.essary 10
urdu to pufect such fight of ~ubrogatlOn,
and shall permit the Company {() use the
name of the Insured In any tran~ac(Jon or
Ittlgatlon lOvolvlOg such fights or remedIes
If the Insured IS the o\\ner of the In.
debtedne~s secured by a mortgage covered
by thIS pohcy, such Insured may release or
subslltute the personal Iiabdlty of any
debtor or guarantor, or extend 01 ()[herWI~e
modify the terms of payment, or relea~e
a portHlO of the e~tate or IOterest from the
lien of the mortgage, or rele,\se ,tny col-
lateral ~ecuflty for the IOdebtednes~, pro-
\ lded ~uch act does not result 10 any loss
of pnOfllY of the hen of the mortgage
10 POLICY ENTIRE CONTRACT
Any aCtIOn or actIOns or fights of action
that the Insured may have or may bnng
agalOst the Company anslOg out of [he
status of the hen of the moltgage covered
by thl~ policy or the wle of the e~tJ.[e or
Interest In~ured herem must be based on
the prOVlSlom of thiS POliCY
No pr()VI~JOn or condItIOn of thl~ policy
(an be waived or changed except by WfltlO~
endor~ed hereon or attached hereto Signed
by the PreSident, a Vice PreSident, tht
Secretary, an ASSIstant Secre1:ary or other
\ J.l1datmg officer of the Company
11 NOTICES, WHERE SENT
All notICes reqUIred to be given [he Com.
pany and any statement In WfltlO~ reqUired
to be furnished the Company shall be ad.
dressed to H at the office which l<;sueJ thl~
policy or to 1lS Home Office 433 South
Spl1ng Street, Lo'i ^ngele~ 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 'N UH'3
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POLICY
OF
TITLE
.INSURANCE
Oltenng complete title serVlces throughout the
state of Callforma wlth Just one local call
Complete tLtle serVlces also avatlable In the states
of Alaska, Nevada, Oregon and Washrngton
through Subsldwry CompanLPs
Title Insurance
and
Trust Company
433 South Spring Street
Lo, Angele" California 90054