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HomeMy WebLinkAboutD-1389
T~os~ vo~~ion ot lots 47 and 48 or Tract No. 3430, in the ~~
city or Arcndia. county of Los Angeles. state of Cal1forn1a, .
as per map recorded in book 42 page 32 or ~~ps, in the
orrice of the county recorder of said county. that portion
of El Molino Avenue. vacated by Ordinanco No. 101, in the
city of Arcadia, described as a whole as tollousl
Parcel I: Deginnin8 at the northeasterly corner at .said lot
48; thence South 86. 10' 10~ West along the northerly linea
of said lots 48 and -47, 162!.19 feet, more or less, to. the
northeasterly corner of land conveyed to Thomas H. Norris
and ~ife, by deed r~corded in book 9987 page 329, Official
Records; thence south along easterly line or land conveyed
'by said deed, 75 feet; thence easterly parallel with north
lines of said 10ts'.48 and ~7. 167.23 feet. more or less, to
canterly line of that portion of El ~'lol1no Avenue, vacated
by said ordinance; thence north a~ong said last mentioned .
easterly line 75 feet to the intersection thereof with the
easterly prolongation of the norther~' line or lots 48 and
47; thence South 860 109 10" \-lest 5.04 teet to the p01nt
~o.t:' bo~:l,'1nJ.ng.
Parcel 2: Beginning at tho northeast corner of said lot,
47; thence South 860 10' 10" West along northerly line .the~e~
of 16.88 feet to nopthoasterly corner of land conveyed to
Thomas ll. Norris and wife, by deed recorded in book 6987 ~
pago 329, Official Records; thence south.along easterly ~~
line at land conveyed by said deed, a distance ot 75 teet ~ui
;0 tl1e~~c point or beginning, for this description' thence &";:n
:0~t\7 104ra10" East para lIe 1 t1i th northerly lines' of said. ;e ~ ~
o 0 and.. a distance of 167.06 teet, core or less to' J~1
easterly line of that portion at El Molino Avenue, vacated 0;]
by.said ordinance; thence south along said last mentioned ~~~
easterly line, 25 teet; thence South 860 10.' 10" West ~.~ g
parallel with northerly lines 01' said lots 48 and 47 a ffi~j
distance ot 167.06 feet, more or less, to easterly line of ~.~~
land conveyed to Th?tnas H. Norris and wit",; thence nortb : ~~
along 81;1id las~ ~lcn];ioned easterly line, 25 feet to tbe'. '"
true pOJ.nt at C," ".-nin.:,' . ..
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. .
_ . WilE!)! RECORDEO:- PLEASE ~IAIL THIS
. INST~MENT, TO .
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5181
BKD2608pc526
/- ~c: c
City of Arcadia
240 Huntington Drive
Arcadia, California
Attn: Harold K. Schone, City Man ger
- ~~~~i~~~L~~F~~~~~~C~~~i.
'" l\IIin. 1"'!J lJI. AUG 28 1964
OJIPast h"
RAY E. LEE, County Recorder
Order NO..m..t1..r~~..}.c?....m....m.m...
Escrow NO...................mmu...........................mnnn...m..
SPACE ABOVE FOR RECORDER'S USE ONLY
?r:~
,.- C!C'
'.\:.._- ~.
~LACE INTERNAL REVENUE STAMPS IN THIS SPACE
GRANT DEED
to
I. R. s. s......L..~...............
DWIGIIT HOOK AND MYRTLE A. HOOK, his wife
(GRANTOR. GRANTORS)
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
Do Hereby Granl To
CITY OF ARCADIA, A MUNICIPAL CORPORATION,
the rea) property in the
COU)'\I~' ..r
City of Arcadia
~s .'I.ngclec
, State of California, described as follows:
BKD2608pc527
Daled .uu.t\.1Jg!,l!;;:tu9. J.. u;J,.~.~.4;muu.uu
x.um
ig'CHO~'UUUU'U
"u m.au.~~muuuu.uuu.
yrtle A. Hook
STATE OF CALIFORNIA
COUNTY OF
... ......~:;L.A;ggt;1).~Iii.m............................
On :....:...m..!.WgY.S:!;.....6...l9.6.4... ....m.................
JSS.
.AUU..
hefore me. the underSIJ,!:ned. a Notary Puhlic in and for
~t~J~ounty and State, per~onally appeared
." ~?~~~:~2~:~~~W4n~::A;~:~Q9~:mnnn....nn............
::/ .: r.~. v\ ,..'... r;..
. . ~ ...;\::................":nd~.t...................n..nnmnn......h_
.:-:.'~ "gnovm to me~Qe the person(s) .....hose name(sl i~ (art'1
...-: r,'. . c;,
.->. '. -' .:;uh5l'rlbed 10. tile wllhin instrumen
, '. ". r t. .......
.: ,.... I:..-:~..l..... .;h" m;:.exe('lHed the :"
, 7(1' /Sea .... . .
; IG I" .
i.J
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.i::.H.i.~...~.~.;;;~...i~~~:l~haft~.;;.~~\}.t~;~~'tI;:..~;~.i'~t~d~~'i
(Sec. 8205 . Go\'ernment Code 1959)
II
GRANT DEED
Land
Title Company
is the exclusive
.California
~
re,presentative
of
'PYLE'INSURANCE COMPANY
OF MI_ESOTA
* * *
Total Assets over $5,000,000
1
California Land
Title Company
3584 Wilshire Blvd.
Los Angeles 5, Calif.
DUnkirk 5-5141
'Incorporated 1907
Now in 22 States
3584 Wilshire Blvd.
Los Angeles 5, Calif.
DUnkirk 5-5141
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CERTIFICATE OF ACCEPTANCE
A
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 August 6, 1964 ,
from or executed by DWIGHT HOOK and MYRTLE A. HOOK ,
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, P e 2 Official
fi~~ords of Los Angeles County; and the City 0 Arca a consents
to the recordation thereof by its dUly autho icers.
~~~",I'~~/~ -
City Manager
The document thus described is hereby approved as to form.
(~1;1~t~~~h~-I
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8/(D2608pC528
I, CHRISTINE VAN MAANEN, THE DULY ELECTED QUALIFIED AND
ACTING CITY CLERK OF THE CITY OF ARCADIA, CALIFORNIA, DO
HEREBY CERTIFY THAT THE FOLLOWING IS A FULL, TRUE AND
CORRECT COPY OF A MINUTE MOTION ADOPTED BY THE ARCADIA CITY
COUNCIL AT A REGULAR CITY COUNCIL MEETING HELD ON AUGUST
4, 1964:
"MOTION by Councilman Balser, seconded by Councilman
Forman that the City proceed with the acquisition of
1103 La CadenalAvenue in the amount of $35,750 from
Kenneth K. Krohn; that the Manager be authorized to
execute escrow documents on behalf of the City in form
approved by the City Attorney and that $35,950 be
appropriated from Reserve for Capital Projects Account
No. 285 in the General Fund and transferred to Capital
Projects Account No. 235 Property Purchase - Arcadia
Avenue. Roll call vote as follows:
AYES:
NOES:
ABSENT:
Councilmen Balser, Considine, Forman, Reibold
Mayor Turner
None"
IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND AND AFFIXED
THE SEAL OF THE CITY OF ARCADIA THIS 20TH DAY OF AUGUST 1964.
t77 il . . j;- :..<.;; ;.:~t 6-,.-
~.:au, .lftt~
CHRI.~mE VAN MAlINE .( ~';:. ~.,
CITY ~LJl.RK ~...
ARCADiA''; CALIFORNIA. . >l; ,':...
# \ .... . 't, ,.
.. !',:,<:~~>;/
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TO 1012-1 F C
Colifornio lond Tills Associotion
Standard Coverage Polky Form
Copyright 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 effective date, and amount of which are shown in
Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisess, personal
representatives of such Insured, or if a corporation, its successors by dissolution, merger Or consolidation,
against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys'
fees and expenses which the Company may become obligated to pay as provided in the Conditions and
Stipulations hereof, which the Insured shall sustain by reason of:
1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the
land described or referred to in Schedule C, exist 109 at the dale hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations, or
2. Unmarketability of such title; or
3. Any defect in the execution of any mongage shown in Schedule B securing an indebtedness, the
owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the
lien or charge of said mongage upon [he estate or interest referred to in this policy; or
4. Priority over said mortgage, at the dale hereof, of any lien or encumbrance not shown or referred
[0 in Schedule B, or excluded from coverage in the Conditions and Stipulations, said m'ortgage
being shown in Schedule B in the order of its priority;
all subject, howe'(er;:tb"ti!e"'1>'r~vi.ions of Schedules A, Band C and to the Conditions and Stipulations
...- - 4. N . "-\\,
hereto annexed~.:--' ~~\)!:. ""\IID If:), \.',
.;:';.- ~, ,o:,,)c::)~) 1",/('\ '~'.'
.'" ," _,<<- 00 IS ,::. ()~;o ~ i' .~.
,," (,V ocoC"(.\'€. RO,".'!r>,;) dl.
1/ :::? (?~ ~ q. ~i~:r-J!1' Wt~fJ~.fS(.lf7,~ereofJ Title Insurance and Trust Company has caused its
j;[ "' 00 f!' ' " ,cofP.Orat1>)rlaITie.and seal to be hereunto affixed by its duly authorized officers
i1 L'J c. - , '-h -d "L-" :" Sch duJ A
~ __10 ':'. 'ont e atesuown'1fl e e .
~ ;. . ~ _ -= ,:l,~ . -~ .\~ ~ ~
~ ... 0 ..',., '. ~ Z ~
f'A ~_.::.:: ,',.... ,of () "'. ~
~ 0~ ';l'.... ,/ ~J
;:;, ," -" ,. < Cia " .<'
Ij;...rCl-$-A r..""'," ,Qtvo.t".;
1!i 00"" ~:. ~ "G .:'
'V' ("~Sr \II' ^" <<.. ,-
:?, () "~)o -4 TE 15 G,...c(;" ~ ,,",'
',,~. $.6 OO;;cn')o'-' """~v //
\, '.. ~rl;f'>"'" l-l'--. \.;' .";'
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"\\\",,,,~:~,.
Title Insurance and Trust Company
by ~~~
r ~RESIDENT
Attest 0W H-~
SECRETARY
CONDITIONS
AND STIPULATIONS
1. DEFINITION OF TERMS
. The followlOg terms when used 'in this
policy mean:
(a) "land": the land described, specific-
ally or by r~ference, in Schedule C and
improvements affixed thereto which by law
constitute ceal property;
(b) "public records": those records
which impart constructive notice of matters
relating to said land;
(e) "knowledge": actual knowledge, not
constructive knowledge or noeice whICh
may be imputed to the Insured by reason
of any public records;
(d) "dare": the effective dare;
(e) "mortgage": mortgage, deed of trust.
trust deed, or other security instrument; and
(f) "insured": the party or parries named
liS 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 include (1)
each successor in interest in ownership of
such Indebtedness, (2) any such owner who
acquires the estate or interest referred to
in this policy by foreclosure, trustee's sale.
or other legal manner in satisfaction of
said indebtedness, and (3) any federal
agency or instrumentality which is an in-
surer or guarantor under an insurance con-
trael or guaranty insuring or guaranteeing
~aid indebtedness, or any part thereof,
whether named as an insured herein or not,
subject otherwise to the provisions hereof.
2. BENEFITS AFTER ACQUISITION OF TITLE
If an insured owner of the indebtedness
secured by a mortgage described in Sched-
ule B acquires said estate or interest, or
any part thereof, by foreclosure, trustee's
sale, or other legal manner in satisfactIOn
of said indebtedness. or any part thereof,
or if a federal agency or instrumentality
acquires said estate or interest, or any part
thereof, as a consequence of an insurance
contract or guaranty insuring or guarantee-
ing the indebtedness secured by a mortgage
covered by this policy, or any part thereof,
this policy shaH continue in force in favor
of such Insured, agency or instrumentality,
subject to all of the conditions and stipula-
tions hereof.
3. EXCLUSIONS FROM THE COVERAGE OF
THIS POLICY
This policy does not insure against loss
or damage by reasons of the following:
(a) Any law. ordinance or governmental
regulation (including but not limited to
building and zoning ordinances) restrieling
or regulating or prohibitlOg the occupancy,
use or enjoyment of the land, or regulating
the character, dimensions, or location of
;tny improvement now or hereafter ereeled
1m said land, or prohibiting a separation in
ownership or a reduction in the dimensions
or area of any lot or parcel of land.
(b) Governmental rights of police power
or emlOent domain unless norice of the
l'xercise of such rights appears in the public
relOrds at the date hereof.
(c) Title to any property beyond the
lines of the land expressly descClbed in
Schedule C, or title to streets, roads, ave-
flues, lanes, w:lYs or waterways on which
such land aburs, or the rit:ht to mainralO
therein vaults, tunnels, ramp::. or an}' other
structure or Improvement; or any rights or
easements therein unless thiS pollcy specific-
ally provides that mch property, rights or
easemenls are insured, except that if the
land abuts upon one or more phYSically
open streets or highways thi~ policy insures
the ordinary tIghts of abutting owners for
access to one of such streets or highwa}'s.
unless otherwise excepted or excluded
herein.
(d) Defects, liens, encumbranct:s, adverse
claims against the title as insured or other
matters (I) created, suffered, assumed or
agreed to by the Insured claiming loss or
damage, or (2) known [0 the Insured
Claimant either at the date of this policy
or at the date such Insured Claimant aC-
quired an estate or Interest insured by thiS
policy and not shown by the public records,
unless disclo::.ure thereof in wtIting hy the
Insured shall have been made to the Com-
pany prior to the date of this poliCY; or (3)
resulting in no loss to the Insur'ed 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 INSURED
(a) The Company, at its own cost and
without undue delay shall provide (I) for
the defense of the Insured in all litigation
conSisting of actions or proceedings com-
menced against the Insured, or defenses,
restraining orders, or injunctions interposed
against a foreclosure or sale of the mort-
gage and indebtedness covered by this polley
or a sale of the estate or interest in said
land; or (2) for such action as may be
appropriate to establish the title of the
estate or interest or the lien of the mort.
gage as insured, whICh litigation or action
in any of such events is founded upon an
alleged defect, lien or encumbrance in-
sured against by this policy, and may pur-
sue any litigation to final determination in
the court of last resort.
(b) In case any such action or proceed-
ing shall be begun, or defense interposed,
or 10 case knowledge shall come to the In-
sured of any claim of title or interest which
is adverse to the title of the estate or in-
terest or lien of the mortgage as insured,
or which might cause loss or damage for
which the Company shall or may be liable
by virtue of this policy, or if the Insured
shall in good faith contract to sell the in-
debtedness secured bi a mortgage covered
by this policy, or, i an Insured in good
faith leases 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 in any such event the title to
said estate or interest is rejected as un-
marketable, the Insured shall notify the
Company thereof in 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, in writing,
promptly notify the Comp:IOY of any de-
fecr. lien or encumbrance insured at:ainsr
which shall come to the knowledge of the
Insured, or if the Insured shall not, in
writing, promptly notify the Company of
any such rejectIOn by rea~on of claimed un.
marketability of title, then all liability of
the Company in regard to the subject matter
of such action, proceeding or matter shall
cease and terminate, provided, however,
that failure to notify shall in no case
prejudice the claim of any Insured unless
the Company shall be actually prejudiced
by such failure and then only to the extent
of such prejudice.
(c) The Company shall have the ri~ht
at its own COSt to institute and prosecute
any action or proceeding or do any other
act which 10 ItS opiOlon may be necessary
or desirable to estabhsh the title of the
estate or interest or the lien of the mort.
gage as IOsured; and the Company may
take any appropriate action under the term..
of this policy whether or not it shall be
liable thereunder and shall not thereby
concede liability or w~lIve any provision of
thIS policy.
(d) In all cases where this policy per-
mits or requires the Company to prosecute
or provide fur the defense of any action
or proceedin~, the Insured shall secure to
it the right to so prosecute or provide de.
fense in such action or proceed 109, and all
appeal!'> therein, and permIt It to use, at its
option, the name of the Insured for such
purpose. Whenever requested by the Com-
pany the Insured shall give the Company
all reasonable aid in any such action or
proceeding, in effectlOg settlement, securing
evidence, obtaining witnesses, or prosecu-
ting or defending such action or proceed.
ing, and the Company shall reimburse the
Insured for any expense so incurred.
5. NOTICE OF LOSS - LIMITATION OF
ACTION
In addition to the notICes required under
paragraph 4(b), a statement in writing of
any loss or damage for which it is claimed
the Company is liable under this policy
shall be furnished to the Company within
sixty days after such loss or damage shall
have been determlOed, and no right of
action shall accrue to the Insured under
this policy until thIrty days after such
statement shall have been furnished, and
no recovery shall be had by the Insured
under this policy unless action shall be
commenced thereon within five years after
expiration of said thirty day pen ad. Failure:
to furnish such statement of loss or damage,
or to commence such action within the
time hereinbefore speCified, shall be a con-
clusive bar agalOst maintenance by the In-
sured of any aCllon under this policy.
6. OPTION TO PAY, SETTLE OR COMPRO-
MISE CLAIMS
The Company shall have the option to
payor setde or compromise for or in the
name of the Insured any claim insured
against or to pay the full amount of this
policy, or, in case loss is claimed under thi~
policy by the owner of the mdebtednes",
secured by a mortgage covert;d by this
policy, the Company shall have the option
to purchase said indebtedness; such pur-
chase, payment or tender of payment of
(Conditions and Stipulations Continued and Concluded on Lost Page of This Policy)
o'
".
TO 1012-1 AB C
California land Title Assdtlation
Standard COVQroge Policy-1963
SCHEDULE A
Amonnl $ 35,750.00
Effective
Date
August 28, 1964
at 12:05 P.M.
Prcmium $.1 ~ -~.J~-
Policy No.686630
INSURED
CITY OF ARCADIA, a Municipal Corporation.
1. Title to the estate or interest covered by this policy at the date hereof is veslcd in:
CITY OF ARCADIA, a Municipal Corporation.
2. The estate or interest III the land described or referred to III Schedule C covered by this policy is
a fee.
SCHEDULE B
This policy does not Insure against loss or damage by reason of the following:
PART I
1. Taxes or assessments which are not shown as existing liens by the records of nny to.xinF; authority that
levies taxes or assessments on real property or by the public records.
2. Any facts, rights, interests, or claims which are not shown by the public records hut which could be
ascertained by an inspection of said land or by making inquiry of persons in possession thereof.
3. Easements, claims of casement 01' encumbrances which are Hot shown by the public I'econls.
4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which {1
correct survey would disclose, and which are not shown by the public records.
5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance
thereof; water rights, claims or title to water.
.
TO 1012-)8 Cot'it. C .
Callfornla land TItle AssocIation
Standard Coverage Pollcy-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 1964-1965, a lien not yet payable.
. . . . .
TO 1012-I-l056-1C C
Amerlc:an land Titlo Association loan Polley
Additional Coveroge-1962
0'
Collfornla land Tltl& Association
Stand<Jrd 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:
Those portions of lots 47 and 48 of Tract No. 3430, in the
city of Arcadia, county of Los Angeles, state of California,
as per map recorded in book 42 page 32 of Maps, in the office
of the county recorder of said county, that portion of El
Molino Avenue, vacated by Ordinance No. 101, in the city of
Arcadia, described as a whole as follows:
Parcel 1: Beginnin~ at the northeasterly corner of said lot
48; thence South 86 10' 10" West along the northerly lines of
said lots 48 and 47, 162.19 feet, more or less, to the north-
easterly corner of land conveyed to Thomas H. Norris and wife,
by deed recorded in book 6987 page 329, Official Records;
thence south along easterly line of land conveyed by said deed,
75 feet; thence easterly parallel with north lines of said lots
48 and 47,167.23 feet, more or less, to easterly line of that
portion of El Molino Avenue, vacated by said ordinance; thence
north along said last mentioned easterly line 75 feet to the
intersection thereof with the easterly prolongation of the
northerly line of lots 48 and 47; thence South 860 10' 10"
West 5.04 feet to the point of beginning.
Parcel 2: Beg inn in? at the northeast corner of said lot 47;
thence South 860 10 10" West along northerly line thereof 16.88
feet to the northeasterly corner of land conveyed to Thomas H.
Norris and wife, by deed recorded in book 6987 page 329,
Official Records; thence south along easterly line of land
conveyed by said deed, a distance of 75 feet to the true point
of beginning, for this description; thence North 860 10' 10"
East parallel with northerly lines of said lots 47 and 48, a
distance of 167.06 feet, more or less, to easterly line of
that portion of El Molino Avenue, vacated by said ordinance;
thence south along said last mentioned easterly line, 25 feet;
thence South 860 10' 10" West parallel with northerly lines of
said lots 48 and 47, a distance of 167.06 feet, more or less,
to easterly line of land conveyed to Thomas H. Norris and wife;
thence north along said last mentioned easterly line, 25 feet
to the true point of beginning.
.
N,S.'IO'IO"E.
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II. B,"E.
TRACT NO 3430
LOTS 1 TO 9. 27 TO 48
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CONDITIONS ANO STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
.
the full amount of this policy, together
with all (OS(5, attorneys' fees and expenseS
which the Company is obligated hereunder
to pa)'. shall terminate all liability of the
Company heteunder. In the event, after
nmice of claim has been given to the Com-
pany by the Insured, the Company offers
to purchase said indebtedness. the owner of
,~uch indebtedness shall transfer and assIgn
'iaid indebtedness and the mortga.g:e sccufmg
the same to ttle Company upon payment of
the purchase price.
7. PAYMENT OF LOSS
(a) The li<lbility of the Company under
this policy shall in no case exceed. in all.
the actual loss of the Insured and COsts and
attorneys' fees which the Company may be
obligated hereunder to pay. .
(b) The Company will pay. in additIOn
to any 105s irlsured against by this policy.
~II co~ts imposed upon the Insured in !It!-
gation carried on by the Company for the
Insured. and all costs and attorneys' fees in
litigation carried on by the Insured with
the written a\.lthorization of the Company.
(c) No claim for damages shall arise or
be maincainable under this policy (1) if
the Company, after having received notice
of an alleged defect, lien or encumbrance
not excepted or excluded herein removes
such defect, hen or encumbrance within a
reasonable time after receipt of such notice.
or '(2) for liability voluncarily assumed by
the Insured in. settling any claim or suit
without written consent of the Company,
or (3) in the event the title is rejected as
unmarketable because of a defect. lien or
encumbrance not excepted or excluded in
this policy, unci I there has been a final
determination by a coun of competent juris-
diction sustaining such rejection.
(d) All payments under this policy. ex-
cept payment; made for costs, attorneys'
fees and expetlses, shall reduce the amount
of the in'iurance 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 such loss or destructHlO shall
be furnished to the satisfaction of the Com-
pany; provided, however, if the owner of
an indebtedness secured by a mortgage
shown in Schedule B is an Insured herein
th~n such payments shall not reduce pro
tanto the amount of the insur:1oce afforded
heteunder as to such Insured. except to the
extent that such payments reduce the amount
of the indebtedness secured by such mono
~age. Payment in full by any person or
volunta7 satisfaction or release by the In-
sUll'd 0 a mortgage covered by this policy
shall terminate all liability of the Company
to the insured owner of the indebtedness
secured by such mongage, except as pro.
vided in paragraph 2 hereof.
(e) When liability has been definitely
fixed in accordance with the conditions of
this policy the loss or damage shall be pay-
able within thirty days thereafter.
8, LIABILITY NONCUMULATIVE
It is expressly understood that the
amount of this policy is reduced by any
amount the Company may pay under any
policy insuring the validity or priority of
any mortgage shown or referred [0 in
Schedule B hereof or any mortgage here-
after executed by the Insured which is a
charge or lien on the estate or interest
described or referred to in Schedule A, and
the amount so paid shaH be deemed a pay-
ment to the Insured under this policy. The
provisions of this paragraph numhered 8
shall not apply to an Insured owner of an
Indebtedness secured by a mortgage shown
in Schedule B unless such Insured acquires
title to said estate or interest in satisfaction
of said indebtedness or any part thereof.
9. SUBROGATION UPON PAYMENT OR
SETTLEMENT
Whenever the Company sh:111 have settled
:1 claim under this policy, all right of sub-
rogation shall vest in the Company un-
affected by any act of the Insured. and it
shall be subrogated to and be entitled to
all rights and remedies which the Insured
would have had against any person or prop-
erty in respect to such claim had this policy
not been issued. If the payment does not
cover the loss of the Insured, the Company
shall be subrogated to such rights and
remedies 10 the proportion which said pay-
ment bears to the amount of said loss. If
@
loss should result ffllm any :1([ of the In-
surt'd. such .let shall not vuid thiS policy.
hut the Comp,lOY, in that event. shall be
required to pay only that pan of any losses
insured ,l~aimt ht:-reunder which shall ex-
ceed the amount. if an}'. lost to the Com-
pany hy reason of the impairment of the
right of subro~ation. The Insured, if rc-
quested by the Company, shall twnsfer to
the Company all rights and remedies
agalOst any person or propeny net.essary in
ordu to perfect such right of subrogation,
and shall permit the Company to use the
name of the Insured in any transaction or
litigation involving such 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 liability of any
debtor or guarantor, or extend or mherwise
modify the terms of payment, or release
a portion of th~ estate or interest from the
lien of the mortgage, or release any col-
lateral security for the indebtedness, pro-
vided such act does nor result in any loss
of priority of the lien of the Olorr~aJ!:e.
10. POLlCY ENTIRE CONTRACT
Any action or :1ctions or ri,ghts of action
that the Insured may have or may bring
against the Company arising out of the
status of the lien of the mortgage covered
by this policy or the otle of the estate or
interest insured herein must be !lased on
the proVision.. of this policy.
No provision or conditIOn of this policy
can be waived or changed except by writin~
endor..ed hereon or attached hereto signed
by the President, a Vice President, the
Secretary, an Assistant Secretary or other
valid.lting officer of the Company.
11. NOnCES, WHERE SENT
All notices required to be givt'n the Com-
pany and any statement in wruin~ rt'quir~d
to be furnished the Company shall bt' ad.
dressed to it at the office which issu~d this
policy or to its Home Offlct', 433 South
Spring Street, Los Angeles H, 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
"OUNDED IN .."3
POLICY
OF
TITLE
INSURANCE
Offering complete title services throughout the
state of California with just one local call.
Complete title services also available in the states
of Alaska, Nevada, Oregon and Washington
through subsidiary Companies.
Title Insurance
and
Trust Company
National Title Office
3540 Wilshire Boulevarrl
Los Angeles 5, California
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LEGAL DESCRIPTION FOR CITY-OWNED
PROPERTY AT 1103 LA CADENA AVENUE
;
Those portions of Lots 47 and 48 of Tract No. 3430, as shown on map recorded
in Book 42, Page 32 of Maps in the office of the Recorder of Los Angeles
County, together with that portion of El Molino Avenue vacated by Ordinance
No. 101, described as follows:
Beginni~g at the northeasterly corner of said Lot 48; thence westerly along the
northerly lines of said Lots 48 and 47, 162.07 feet, more or less, to the
northwesterly corner of the land conveyed to the City of Arcadia by Document
No. 5181, recorded in Book D-2608, Pages 526 and 528 of Official Records of
said County; thence southerly along the westerly line of said land to a point
of intersection with a line that is parallel with and distant southerly 30
feet from the above mentioned northerly line; said point of intersection
being the true point of beginning; thence easterly along last said parallel
line 151 feet, more or less, to the beginning of a tangent curve concave to
the southwest and having a radius of 15 feet, said curve also being tangent
at its southerly terminus with the easterly line of above mentioned vacated
portion of El Molino Avenue; thence southeasterly along said curve to a point
of cusp with said easterly line; thence southerly along said easterly line
53.89 feet; thence westerly parallel with aforementioned northerly line
167.06 feet, more or less, to its intersection with aforementioned westerly
line; thence northerly along said westerly line 69.93 feet, more or less, to
the true point of beginning.
EXHIBIT A
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