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CERTIFICATE OF ACCEPTANCE
~~ D3523r~ 324
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 November 23. 1966,
from or executed by RICHARD A. KRAMB and CAROLE J. KRAMB ,
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 Jan ary 29,
1958, as instrument No. 3069 in Book 56448, Page f icial
Records of Los Angeles County; and the City of A ~ nsents
to the recordation thereof by its duly autho d of ce
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The document thus described is
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hereby approved as to form.
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AND WHEN RECORDED MAIL TO
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RECOROED IN OFFICIAL RECORDS
OF LOS ANGELES COUNTY. CALIF.
FOR TITLE INSURANCE & TRUST CO.
NAME
~1ty of Arcadia
240 W. Huntington Drive
Arcadia, California
~
88-3321
JAN 5,
1967 AT 8 A.M.
[FREE '77f3J
ADDRESS
CITY 8l
STATE L
Title Order No. 66 81 ,88 Escrow No.
RAY E. LEE, County Recorder
SPACE ABOVE THIS LINE FOR RECORDER'S USE
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tIlAIL TAX STATEMENTS TO
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CITY a:
STATE L
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NAME
ADDRESS
SAME AS ABOVE
Grant Deed
AFFIX I.R.S. s....:.!!5.,'Q5.~....
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THIS FORM FURNISHED BY SECURITY TITLE INSURANCE COMPANY
FOR A VALUABLE CONSIDERATION, receIpt of which IS hereby acknowledged,
Dated
November 23, 1966
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RICHARD A. W.MB and CAROLE J. KRAMB, husband and wife,
hereby GRANT(S) .to
CITY OF ARCADIA,
/
the follOWIng described real property in the
county of Los Angeles,
, state of CalIfornia:
Lot 1, Block 76 of Arcadia Santa Anita Tract, in the city
of Arcadia, county of Los Angeles, state of Ca ia, as
per map recorded in Book 1, Pages 89 and 90 0 H:" ;R-. .the
office of the county recorder of said county.
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STATE OF CALIFORNlA }
COUNTY OF Los "ngeles SS
On November 23. 1966 before me, the under
signed, a Notary Public in and for said County and State, personaUy
appeared Richard A. Kramb and
Carole J. Kramb
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Carole J.r ramb
FOR NOTARY SEAL OR STAMP
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, known to me
to be the person~whose nameS are subscribed to the Within
Instrument al1d acknowledged thai they executed the same
LtL A~ --..:.~
I' ~';::JJ of Notary
NORJ\ HIGGINS
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NORA ~IG:~~C~oNJ
NOTARY rU511C - CALIfORNIA.
PRINCIPAL OFFICE IN
COUNTY OF LOS ANGELES
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I Name (Typed or Prmted) ~f Notary
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L-l (G S) (Rev 8-65) BpI.
MAIL TAX STATEMENTS AS DIRECTED ABOVE
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GRANI DEED
SECURITY
TITLE
.
INSURANCE COMPANY
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HOME OFFICE
3444 WILSHIRE BOULEVARD
LOS AN GEL. E 5 54. C A L IF 0 R N I A
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GHANI DEED
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SECURITY
TITLE
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INSURANCE COMPANY
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HOME OFFICE
3444 WILSHIRE BOULEVARD
LOS A N GEL E 5 5 4, C A L I FOR N I A
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SECURITY
TITLE
INSU~ANCE COMPANY I
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ROSCOE HOLLINGER
AUDITOR.CONTROLLER
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COUNTY OF LOS ANGELES
DEPARTMENT OF AUDITOR-CONTROLLER
MARK H BLOODGOOD
CHIEF DEPUTY
153 HALL OF ADMINISTRATION
LOS ANGELES, CALIFORNIA 90012
82!5.3811
J. R. PASSARELLA, CHIEF
TAX DIVISION
March 29, 1967
Direct reply to
Attn: Eleanor Parker
City of Arcadia
Office of the City Attorney
240 W. Huntin~ton Drive
Arcadia, California
Attention: James A. Nicklin
City Attorney
Re:
Lot 1, Block 76 Arcadia Santa Anita Tract
Richard A. and Carole J. Kramb, ~rantors
~--
Gentlemen:
In reference to your letter dated January 12, 1967,
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 March 21,1967
by Authorization No. 77378.
. Very truly yours,
RpSCOE HOLLINGER, Auditor-Controller
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By J. R. Passarella, Chief
Tax Division
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,MAI~'NG.~ACbRES~:' P,O:',~OX.~O '.,~; '" ,..ofFICE C)f:THE' CITV' ;ATTORNE'f':, .~.>, .. ;",::.;' <;:ITY CO!-,NC)L.. ,": ,:, .
....,', ZIP'CODE 9100B,", ~ .,.:: '~t'~'" .~' . ...~ ,.' 'f.' ',' ", ''1'' ','.,.. " ~l't'":.." . GEORGEL FORMAN H
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,," ' ; { -' :, :y,.Attentionz;:" ,John R. 'Pa.ssarella, , ;,' <" ;'. , ;;-::.
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'~:':':' .,' ':"tand..;cQi:uitY~ta#G'1I le~ied";iQSB~,sse4~.:.i1ue;~r"pa,.~~3;.ef'.i1p~~' thEi" ,real; ,'::'+.;.:,....
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TO 1012-1 Fe (DP7-65)
Collfornlo Lond Title ^~SOCltltlon
Stondord CO\lcro!lge Policy Form
COPYright 1963
POLICY OF TITLE INSURANCE
ISSUED BY
Title Insurance and Trust Company
TItle Insurance and Trust Company, a California corporatIOn, herem called the Company, for a valuable
consideration paId for thIS pohcy, the number, the effective date, and amount of which are shown In
Schedule A, hereby insures the parcles named as Insured In Schedule A, the hens, deVisees, personal
representatives of such Insured, or If a corporation, Irs successors by dissolutIOn, merger or consoltdation,
agamsr loss or damage not exceedmg the amoum stated In Schedule A, together With costs, acrorneys'
fees and expenses whICh the Company may become obhgared to pay as proVIded In the Condlflons and
Sripulanons hereof, whICh rhe Insured shall susram by reason of
Any defect In or lIen or encumbrance on the tItle to the estate or IOterest covered hereby 10 tht'
land descnbed or referred to In Schedule C, eXlstmg at {he date hereof, not shown or referred to
In Schedli.le B or excluded from coverage In Schedule B or In the Condmons and Supulauons, or
2 Unmarket:abtluy of such (itle, or
Any defect In the executIOn of any mongage shown 10 Schedule B securing an IOdebtedness, the
owner of whICh IS named as an Insured 10 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 po!Jcy, or
.t Pnonty over saId mortgage, at the dale hereof, of any lien or encumbrance not shown or referred
to 10 Schedule B, or excluded from coverage In the Condltlons and StipulatIOns, said mortgage
being shown In Schedule B In the order of ItS pnOflty,
all subject, howeveI"to~tfi~p'fc)VlSlOnS of Schedules A, Band C and to the Conditions and Stipulations
~. "'\\
hereto annex~~ ~CE AND IR,. \\1
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:-..:::;,~ oO~t \S p~~ooo )- ,~
.:::' ~ oof~O",".(I./tJ~~i.!..n~WJ5rz&jS(:Yihereof, Title Insurance and Trust Company has caused Its
t ....... ooffi *0.... cqrp'orat~n.a~ ~rid seal to be hereunto affixed by Its duly authoClzed offICers
:; ~ g ." . ~i o~th~;a;:te'ShOw.{.in Schedule A,
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"1 <"0 Oo~l'ATE IS GU~oO ~ ',.:
III ;s> -4 00000000 C,?-V ..::;:-
\\\\ NGELES, .;;:-":
\\\\'\'\"~,~--
TItle Insurance and Trust Company
by
~~ ~SlDENT
Aile" ~ ltf-~
. SECReTARY
SCHEDULE
B
PART
ONE
Taxes or asse$smenu whteh ace not shown as eXisting Itens by the records of any taxmg authoClty that levIes taxes or
assessments on real property or by the publIc records
2, Any facts, tights, mterests, or claims which are not shown by the public records hut which could be ascertamed by an
uupectJon of said land or by makmg IOqUlry of persons 10 possession thereof
3 Easements, claims of easement or encumbrances which are not shown by the public records
4 DiscrepanCies, conflIcts 10 boundary hnes, shortage 10 area, encroachments, or any other facts whICh a correct survey
would duclose, and whICh arC' not shown by the pubhc records
5 Unpatented mlOIng claims, reservations DC exceptIons 10 patents or In Acts authorlzmg the ISsuance thereof, water tights,
claims or utle (0 water
CONDITIONS
DEFINITiON OF TERMS
The followmg terms wht:n used In chIS
polley mean
(a) 'land' the land descnbed, speCifIC-
ally or by t(ft"r~n(e, In Schedule C and
Improv~mentS affixed thereto whICh by law
conswute re,ll property,
(b) 'pub]lc records" those records
which Impart constructive notice of matterS
relatmg to spld land,
(c) "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 iOstrument, and
(f) "Insured" the patty ot pame!. named
as Insured and If the owner of the m-
debtedness 'stcured by a mortgage shown 10
Schedule B IS named as - an Insured 10
Schedule A, the Insured shall mclude (l)
each successt1r In Interest m ownershIp of
su<..h Indebtedness, (2) any such owner who
acquIres the e~tate or mterest referred to
In thiS policy by foreclosure, trustee s sale,
or other lejtal manner In sahsfacClon of
said mdebtedness, and (3) any federal
agency or lrlstrumentaltty which IS an in-
surer or guarantor under an Insurance con-
tract or guaranty insuring or guaranteemg
~ald Indebtedness, or any part thereof,
whether named as an Insured herem or not,
subject otherWise to the proVISIOns hereof
2 BENEFITS AFTER ACQUISITION OF TITLE
If an msured owner of the mdebtedness
secured by a mortgage deSCribed In Sched-
ule B acquIres saId estate or IOterest, or
any part thereof, by foreclosure, trustee'S
sale, or other legal manner In satIsfacnoo
of saId IOdebtedness, or any part thereof,
or If a federal agency or instrumentalitY
acqUires said estate or Interest, or any part
thereof, as Oi consequence of an IOsurance
contract or .;uaranty Insunng or guarantee-
mg the mdebtedness secured by a mortgage
cO\e!ed by rtllS policy, or any part thereof,
thiS polley shall contmue 10 force 10 favor
of such Insured, agency or IOstrumentallty,
subject to aJl of the condiClons and stlpu]a-
ttOns hereof.
AND
STIPULATIONS
3 EXCLUSIONS FROM THE COVERAGE OF
THIS POLICY
ThiS pohcy does not Insure agamst loss
or damage by reasons of the follOWIng
(a) Any law, o!dmance or governmental
regulatIOn (lOc1udmg but not limned to
huddlOg and zomng ordmances) restnctlng
or regulatmg or prohlbltlOg the occupancy,
use or enjoyment of the land, or regulatmg
the character, dimenSIOns, or locatIOn of
.lOy Improvement now or hereaher erected
on ~ald land, or prohibiting a separatIOn 10
ownershIp or a reductIOn In the dimenSIOns
Dr area of any loe or parcel of land
(b) Governmental fights of pollce power
or emlOent domain unless notIce of the
<..'xerCl<;e of such rlght5 appears In the publIC
reUlrds at the date hereof
(c) Tale to any property beyond the
lines of the land expressly deSCribed In
Schedule C, or utle to streets, roads, ave-
nues, lane5, ways or waterways on whICh
~uch land abut~, or the rI~ht to m:llnt.110
therem vaults, tunnels r;tmp~ o! ,Illl' other
5tructure or Improvement, 01 any n~hts or
easements therem unless thl5 polKY spenflc-
ally proVides that <;uch property, fights or
edsernents are Insured except dlilt If the
land abuts upoo ooe or more ph}slCally
open streets or hlghway<; thl<; polIty IOsures
the ordinary nghts of abuttlng owners for
access to ooe of such <;treets 01 highways,
unless otherWIse excepttd or excluded
herem
(d) Defects, liens, encumbraoc~<;, ad\er5e
claIms against Ihe title as msured or mher
matters (I) created, 5uffered, a~sumed or
agreed to by the Insured clalmln,'t loss or
damage, or (2) known to th~ Insured
C]almant either at the date of thiS policy
or at the date such Insured Claimant ac-
qUIred an estate or Interest Insured by thl<;
policy and not shown by the puhlIC records
unless dl5clo\ure thereof In wntln,'t by the
Insured 5hall have been made to the Com-
pany pnor to the date of thiS policy, or (~)
resultmg 10 no loss co the Imured Claim-
ant, or (4) attaching or created subsequent
to the date hereof
(e) Loss or damage whICh would not
have been sustained 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 INSUIED
(a) The Company, at its own cost and
WIthout undue delay shall proVide (I) for
the defense of th~ Insured In all IwgatlOn
conslsnog of actlons or proceedings com-
menced agamst the Insured, or defemes,
restraming orders, or mJunctlOns Interposed
against a foreclosure or sale of the mort-
gage and Indebtednes~ covered by thiS polley
or a sale of the estale or IOterest In said
land, or (2) for such actIOn as may be
appropnate to establish the utle of the
estate or IOterest or the hen of the mort-
gage as Insured, whIch lItigatIOn or actIOn
In any of such events IS founded upon an
alleged defect, hen or encumbrance In-
5ured against by thIS pohcy, and ma}' pur-
sue any IltlgatlOD to flOal determinatIon 10
the court of last resort
(b) In ca~e any such actIOn or proceed-
Ing shall be begun, or defeme Interposed,
or In case knowledge 5hall come to the In-
sured of any claim of tu]e or Interest whICh
IS adverse to Ih~ title of the estate or 10-
terest or hen of the mortgage as Insured,
or which nllght cause loss or damage for
which the Company shall or may be !Jable
by VII we of thl~ poh<..y, or If the Insured
shall 10 good fanh contract to sell the in-
debtedness secured br J. mortgage co\ ered
by thiS policy, or, I an Insured 10 good
faith leases or contracrs to sell, lease or
mortgage the same, or If the successful
bidder at a foreclosure sale under a mort.
gage covered by thiS pol1cy refuses to pur-
chase and 10 any such event the wle to
said estate or IOtereSt IS rejected as un-
marketable, the Insured shall notify the
Company thereof 10 writing If such notice
shall not be given to the Company Within
ten days of the receipt of process or plead.
Ings or If the Insured shall not, 10 wntlOg,
r.rompt\y nOClfy the CompJ.ny of any de-
ect hen or encumbr.lnce lO~urC'd a~:tinst
whIch sh.lll (Ome to rhe knowled~e of the
Insured or If the Insured shall not lO
wntlO/;:' promptly notlfy the Company of
any such !elt'ctlOn by reason of claimed un-
m.uketabJlHY of tule, then all liability of
(CondItions and Stipulations Continued and Concluded on Lost Page of ThIS PoliCY)
-
...."..,C..N L..ND TITLE ..S.OCI"TION LO"N ~L'CT "DDITION"L COVEIt"OE _ '..1 0..
C"L,,.OItN',, L"NO TITLE "SSOC'''T,ON ST..ND....O COV......GE "OLICT _ l.~"
SCHEDULE A
PREIH UI'l $203.00
AMOUNT
$41,500.00
EFFECTIVE OATE
JANUARY.5, ,1967 AT 8:00 A. M.
POLICY:NO. .
6681588
INSURED
CITY OF ARCADIA.
1. TITLE TO THE ESTATE OR INTEREST COVERED BY THIS POLICY AT THE DATE
HEREOF IS VESTED IN
CITY OF ARCADIA.
2. THE ESTATE OR INTEREST IN THE LAND DESCRIBED OR REFERRED TO IN
SCHEDULE C COVERED BY.THIS POLICY IS A FEE
SCHEDULE B
THIS POLICY 'DOES NOT INSURE AGAINST LOSS OR DAMAGE BY REASON OF
THE FOLLOWING:
PART ONE
ALL MATTERS SET FORTH IN PARAGRAPHS NUMBERED 1 TO 5 INCLUSIVE ON
THE INSIDE COVER SHEET OF THIS POLICY UNOER THE HEADING "SCHEDULE B
PART ONE"
PART TWO
1. GENERAL AND SPECIAL COUNTY:AND CITY TAXES
FOR THE FISCAL YEAR 1966-1967
SECOND INSTALLMENT: $158.06.
.1-:1-01 AI tji;UU
....E"'<::..'" ......"'D T'TLE ..!I!1DCl..nO,. LO"" ,.,;ILlc:r "DO'TIOI'UL C:OVII:"""'" _ I.U 0" C:"LIl'"O""Ir.. U"IO TITL!'; ..""oe'''T'O''l 5T"NO""O COV",,,....!'; ,"OLler _ ,.i3
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:
LOT 1 IN BLOCK 76 OF THE ARCADIA SANTA ANITA TRACT, .
IN THE CITY ,OF ARCADIA, IN THE COUNTY OF LOS ANGELES, ,STATE
OF CALIFORNIA, .AS PER MAP RECORDED IN BOOK 15 PAGES 89 AND
90 OF MISCELLANEOUS RECORDS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
TO 234 'Ie
S,P.R,R, ~
~
"
;S
<:
~
l /00
mocKs 76 and 78
AQCADIA
Book. /5 Pages 89 and 90 01 Misc. /Jee.
Cl
'C
SANTA CLARA
ST.
50
Cl 34 /5/6 C) 50 50 50 50 50 ZO,30 50 50 50 50 50 <::l/S/692 Cl'~'
'<) ,'<) 126 \<), 0 \(\1
:;f 33 :g 31 30 29 28 27 25 ?4 23 22 21 ::? /9:gf
Cl ICl /'
Cl /Cl
:;; 32 /5/6 :g '<>' ~ I~ -' ~ "" / 18 ",'
.... 50 50
50 50 50 50 50 10i30 50 50 50 "'/5/69 '<)1
CAT
3 /5/6 50 59 50 50 50 0,30 jo J SO 50 50 ",,15/,68 ""I
~ ~ Cl - - <> ICl 50, Cl '<l /7 '<ll 10
~ ,~ I~ ~
:g 2 :g 4 5 7 8 19 12 /4 ~ /6:;;:
6 10 II 13
iii / '5/" Sl I Cl /5 ClI
50 50 50 50 50 zol30 50 50 50 50 50 '<) /s/~q 0<;. 8
-so.
iil
<::l
'0
,WfiEELt:l2
AVE.
@
This ;s not a survey of the land but IS complied for Information by the
Title Insurance ond Trust Company from data shown by the official records.
~
~
I
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IJO
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I
Statement of City of Arcadia
-~",~"ft. ~4- ......~~~,,~4-,,4-~
NATIONAL 11}..'{1i'I.11r8 ASSOCIATION
Arcadia Branch Date
ESCROW STATEMENT
January 5, 19617
Escrow No,
88-3321
ITEMS DEBITS CREDITS
Conslderahon: Sale iLl. 500 00
Loan
Outside of Escrow
Purchase Money Trust Deed
Balance of Mortgage or Trust Deed of Record ' ,
Interest Adjustment
1-1-67 to 1-$-67 - ' , .., 'I 1<:1
Tax Pro Rata
Insurance Pro Rata
Rent Pro Rata
Current Mut Mtg, Ins, Pro Rata
Loan Trust Funds
Deposited:, MilleI~bUnkel Realty 11-18-66 1.000 00
DeposIted: Cityof l:"cadia 1-4-67 40 57, 00
TItle PolIcy - ..,
Internal Revenue Stamps
Reconveyance Fee
Taxes
Assessments or Bonds
Tax ServICe Contract
Recordmg' .. ..
" ' ,- ..
..... ..
, ,
Payment Mortgage or Trust Deed
Int. on $ @ 70 from to
,-
Payment Mortgage or Trust Deed .. , '
Int, on $, @ 70 from .. to ' ,
, '
CommlsslOn
TermIte Report 69
Escrow Fee , , 0
Completmg Forms
- , , ... .
Notary Fees
Real Estate Loan Fees " ..
, , - _n. , ' .. ..
, , .. '
..
Check to Balance 9 01
TOTALS I 41,578 51 41,578 51
THIS FORM SHOULD BE RETAINED FOR INCOME TAX PURPOSES
TRU.!tOZ 8..3
-
E~CROW RECEIPT
--
ISUltk .of Atnerint
NAI10NAL i'A\(}\tffi ASSOCIATION
J.roedla
~ ___ ____Bral"J..::h
'Il"
Cl ty ot Arcadia
0/0 Ipa:D loaud
240 West HuUngtoa Drt."
AJ'Cadlaf Cal1!ol'llh.
Sir.
Date:
JUa&17 Sf 1967
88-.,,21
F.s:-row No.
Dele
\Xl'r cnclo::.e:
(Il )
(s )
Escrow Stlt~mcnt
Ca,h;cr', Ch.ck Ii ~_.2.311?9h. _~~hh'_'~~,__ F')'2hk to your ord" for $,1..01__
Policy of Tille Jnsur.",e N0n~~~_h_'__ for $h~,500.~.~_., d.ted
d .. '1'1\10 ID8iU"enee and. 'lno\ C"'"'P"'O' '
l:)sue bJ ________ ______. _ ___________________
..-
~
Jaaaar,r Sf 61
__~____119---
( ) Nl\te for S_~___________I J.ireJ _________..____ 1~/_____, e').ecuted hy___________
In Lnor of
_~ _ __ _ _______, intc r(")t a,j J u~tC'd to. ___~__________
~ 19__,
(
Jasur:H1CC' ro11{Jcs a~ r.,llow:,:
.....mLlllTlt ComrJnr
N'..tmber
E'(p,ration date
s
s
$
(Il )
Other Items:
1966 \ax bill
!leo.lp\ tfJr $kO.S"TS.OO
h ,
Th. County Record.r's Otlir~ will p'~Lyou'
(Jt) DeN1Jl. r_ CIIIlJliI
( ) Deed of Trust
( )
I\ wu 0lII' pl.eaa_ to baDdle \hia IMJ"Qlf tar
fUll. Ple... let liS maw tt .. IIIq be of help to
yoa.
V~ry truly )ours,
.~'2:~~~~;i~b~~'~r
RC'celpt of the ..!xwt' c{1dosurc!l. I~ htr<'by ~knowleJged,
Please return the signed copy of this form to the EscrlJw Department of thIS bnnch and retam the other copy.
T1IIIJ...... .....
-
-
CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
the Company m regard to the subject m,ltter
of ~uch actiOn, proceedmg OJ matter ~h.lll
cease and [elmm3re, provided howt:"'el,
that failure to notify shall In no U\~C
plejudlCe the claIm of any In~uled unle~~
the Company shall be actually prejudiced
by 5uth fadure and then only tll the ("(tent
of such prejud,ce
(c) The Company shall have the f1,(:IH
at us own ccst to Institute and prosecute
any actIOn or proceedmg or do any other
act which In Its opinIOn may he nece<;s.uy
or deSirable to establish the rllle of the
estate or Interesl or the hen of the mort-
gage as IOsured, and the Company m,lY
take any appropriate anion under the term~
of thiS POIKY whether Of not II. ..hall bt.,
hable thereunder and shall not thereby
concede hahthty or war'o'e any prOVlS\on Ilf
thiS polLey
(d) In all cases .....here tillS polICY per.
mlts or reqUlre~ the Company to pro~e(ute
or provide for the defense of any actIOn
or proceedmjl:, the Insured shall secure tn
It the nght to ~o prosecute or provide de-
fense 1.0 such actIon or proceedmg, and all
appeals therelO, and permIt It to use, at lt~
optiOn, the name of the I nsured for such
purpose Whenever requested by the Com.
pany the Insured shall give the Company
.lil reasonable aid 10 any such actIOn or
proceedmg, In effettmg o;ettlement, secunng
eVldtnce, ObtalOlOg Wltnesses, or prosecu-
ting or defendlOg such actIOn or proceed-
Ing, and the Company o;hall reimburse the
Insured for any cxpeme so Incurred
5 NOTICE Of LOSS - LIMITATION Of
ACTION
In additIOn to the notices required under
paragraph 4(b), a Statement In .....nhng of
any loss or damage for whIch It IS claimed
the Company IS hable under thIS pollcy
shall be furmshed to the Company WIthIn
SIXty days after such loss or damage shall
have been determlOed and no nght of
action shall accrue to the Insured under
thiS poilcy until thirty day~ after ~uch
statement shall have been furnished, and
no r~overy shall be had by the Insured
under thl~ polICY unless actIOn shall be
commenced thereon wlthm five year~ afttr
explfatlOn of saId thIrty dar penod Fadurt
to furnish such statemtnt 0 los~ or damag(\
or to commence such .lCBon wlthlO tht
time herelObefore specdled, ~hall he a con-
clUSIve bar against malnten.1me by tht In-
sured of any Moon under thiS polity
6. OPTION TO PAY, SETTLE OR COMPRO.
MISE CLAIMS
The Company shall have the optIOn tu
payor st'ttle or Comproml~e for or In tht,
name of the Insured any claim lO~ul(:d
agamst or to pay the full amount of tIllS
policy, or, 10 case loss IS claImed llndtr'thl~
policy by the owner of the lndebtednt"
secllred by a mortgage covered hy tilL'.
policy, the Company shall have the: optIOn
co purchase said IOdtbtednt'ss, ~uch pur-
ch~~e, payment or tender of payment of
the full amount of thiS policy, tOj::ethe:r
1\ Ith all COStS, attorneys fees and expense~
\\ hICh the Company IS obligated hereundt:'r
to pay, shall termma~ all liability of the
Compdny hereunder In the event, after
nOllce of claIm has been given to the Com-
pany by the In~ured, the Company offers
to purch.l~e s:lld mdebtedness, the owner of
~uch lndebkdness shall transfer and a~~lgn
..,lid Indebtedness and the mort~a'te ~ecurlOg
the ~ame to the Company upon payment of
the purchase pnce
7 PAYMENT Of LOSS
(a) The liability of the Company under
till'. policy shall In no case exceed, 10 all,
the actual loss of the Insuroo and cmts and
.lttorneys' fe("'i which the Company Illay be
obligated hereunder to pay
(b) The Company will pay, 10 addItIOn
to any loss Insured agaiOst by (hiS pollcv,
.III co~ts Imposed upon the Insured In Iitl-
~atlOn carned on by the Company for the
Insured, and all COSts and attorneys' fees In
litigation carned on by the Insured With
the written authonzatlOn of the Company
(e) No claim for damages shall anse or
be maIO tamable under thiS policy (I) If
the Company, after havlOg received notIce
of an alleged defect, hen or encumbrance
not excepted or excluded herem remo\'e~
..uch defect, hen or encumbrance wlthm a
reasonable time after receIpt of such notIce
or (2) for habJiHY ..oluntanly assumed by
the Insured 10 settling any claim or SUIt
Without wfitten consent of the Company
or (3) IR the e..ent the rule IS rejected a~
unmarketable because of a defect lien or
encumbrance not excepted or excluded m
thiS polley, until there has been a fInal
determlOatlOn by a LOUrt of competent jut/s-
dictIOn sustaining such rejeCllOn
(d) All payments under thiS polley, ex-
cept payments made for costs, attorneys'
fees and expenses, shall reduce the amount
of the lmurance pro tanto and no payment
shall be made Without prodUCing thiS policy
for endorsement of such payment unless
the policy be lost or destroyed, In whIch
case proof of ~uch los~ or destructIOn ~halI
be furOl~hed to the ~atl~factHln of the Com.
pany, prOVIded, however, If the o~ ner of
an IOdebtedne~~ ~e("ured hr a mortg.lge
~hown In Sthedule B IS .In In~ured hereIn
th<:n such paVll1ent~ shall not reduct' pro
tanto the amount of the zmurance affordtd
hert.'under a~ to su,h lmmed, except ro the
t'xtent that ~uch p.lyment~ reduce the amount
of the mdebtedne~~ ~e(llrtd by such mort-
gagt.' Payment In full by .1ny per~on or
voluntary ~atlsfa([IOn or reled~e by the In-
~uILd of .I mortgage covered by thIS policy
~hall termlOate .111 hahdllY of the Company
10 the Imured owner of the Indebtedness
~ecured by mch mortgage, except as pro-
Vided 10 par.lwaph 2 hereof
(e) When liabIlity ha~ bt'en deflOltely
fixed In a((ord.lOce wllh the condHlom of
thiS poiJcy the loss or damage shall be pay-
able wHhlO thlfty day~ thereafter
8 LIABILITY NONCUMULATIVE
It IS expressly underslOod that the:
amaunt of thiS polICY I~ reduced by any
RmOunt the Company m.1y pay under any
polICY IOsufing the validity or prlOfity of
any mortgage ~hown or referred to In
Schedule H hereof or .my mort~age here-
after executed by the Insurtd which IS a
chargt.' or lien on the e~tate or mtere<it
desenbed or referred to 10 Schedule A, and
the amount so paId shall be deemed a pay-
ment to the Insured under thiS polICY ThL
proVISIOns of thiS paragraph numbered 8
shall not apply to an Imured owner of an
I(ldebtednes~ secured by a mangage shown
1(1 Schedule B unless such Insured acquifes
title to said estate or Intt'rest 10 satlsfactlOn
of said mdebtednes~ or .1ny part thereof
9 SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whene' er the Company shall have se[<le:d
a claim under thiS policy, all right of sub.
rogatIOn shall ve~t m the Company un-
affected by any aa of the Insured, and It
~hall be subrogated to and be entitled to
all figh[s and remed,es which the Insured
.....ould have had agamst any person or prop-
erty 10 respect to such claIm had thIS potlCY
not been Issued If the payment does not
cover the loss of the Insured the Company
~hall be subrogated to such ngh[s and
remedies 10 the proportIOn \\ hlch said pay-
ment bears to the amount of ~ald Ims If
hl~S should re...ult f{Um ,\O} an of ,he In-
sured such .1([ shall not VOId tillS polICY
hut the Ctln'p,IOY, 10 th.lt e..ent shall be
requzred to p.l}' only th.1t part of any losses
Insured ,t~;lln~t hereunder whICh shall e),.-
ceed the 'amount. If any lost [() the Com-
pany by reason of the Impairment of the
nght of subrogatIOn The Insured, If re.
quested by the Company, shall transfer to
the Company all fights and remedies
agaJn~t an} person or property netessary 10
ordtf to pufen ~U( h rlghr of ~ubrogatlOn,
and ~hall permit the Company ro use the
name of the Insured In any nansaeuon or
litigatIOn lnvolvmg ~uch ngtlt~ or remedies
If the Imured IS the owner of (he 10,
debtedne~s secured by ,I mortgage covered
by thiS policy, such Imured may release or
substJtute the personal babdlty of any
debtor or guarantor, or extend or otherWise
modify the lerms of payment, or release
a portIOn of the e~tate or Interest from the
Ile:n of the mortgage, or relea~e any col.
lateral secufity far the Indebtedness, pro-
'Ided such act does not It'sult m any los~
(If prlOflty of the hen of the m(llt~age
10 POLICY ENTIRE CONTRACT
Any .ICtIOn or actIOns or flght~ of actIOn
that the Insured may llJ.ve or lllay bring
agalO~r the Company afl~Jng out (Ie the
~ta{Us of the lien of the mal tg.lge covered
by thIS poJ"y or the {Ide of the e~t.lte 01
IOtcrest msured herem must be bast'd on
the provlslOm of thiS polICY
No proV!Slon or condttlOn of thl~ policy
tan bt' waived or changt'd except by WfltlOg
endorsed hereon or attached hereto Signed
b} the PreSident, a Vice PreSident, tht
Secrd:uy, an ASSIstant Secretary or other
'.IltdatlOg officer of the Company
11 NOTICES, WHERE SENT
All notICes reqUired to be glVtn the COIll-
pany and any statement In writing r('qulred
to be furnished tht' Company sh'all be ad-
dressed to It at the offICe which I~sued thl~
poliCY or to liS Home OffIce, 433 South
Spllng Street, Los Angeles ~4, California
,2. THE PREMIUM SPECIFIED IN SCHEDULE
A IS THE ENTIRE CHARGE FOR TITLE SEARCH,
TITLE EXAMINATION AND TITLE INSURANCE
POLICY
OF
TITLE
INSURANCE
~
Offering complete tttle serVlces throughout the
state of Cabfornw. wIth Just one local call
Complete title sermces also avadable In the states
of Alaska, Nevada, Oregon and Washmgton
through SubsldUlry Compames
~
Title Insurance
and
Trust Company
433 South SprIng Street
Los Angeles, California 90054