Loading...
HomeMy WebLinkAboutD-0557 ) STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS. \ 1 ~ .,' .... , , I I' ) I ........ ..' . , I ", i I :' , befor~nm:~.i~::.-...-...-.._~.~~:'~~_~i.ti~~~!i:i~__'-'-'-..':':__'.'-'~~~..'-.:...::'.'.:'.:',-:~.'~~~~;;"~::ii;~~ and fo; said County, personally appearcdu...._.....~.~m.~~.n~~.~p.~.~...........__....__...h...._...__~..~, known to me to be thcmm.........m..Pl'csident, andm.m"h...n~.~...~..~...~!J.~~.~......................: known to me to be the Assistant Secretary of NATIONAL TITLE INSURAKCE COMPANY. the corporation that executed,the foregoing instrument as Trustee, and known to me to be the persons who executed the same on behalf of the corporation therein named, and acknowledged to me that such corporation executed the same as' Trustee.' . ~ I \VITNESS my hand and official seal. 01 ' J} _.--.._....---.---N;;;~;;..i;;;,;i,;--.r-j--r;~d--im.- y and State. , ,. -- -_. - 'J ._- -,. ..~~.. - - ,..., ,..., Z Z C/)Z ;;a C/)z - Z C> rn C> 0 ;- 00 ,-'" ~l-j " ~l-j ;-' - 15 >,..., 0 >,..., Z '" Z " '" ZO ZO c;'l ~ ;- Z )> .., M. . t'" nz ::0 nz t'" ~- '" ;;a M - < I c:: - tTJ> '" tTJ> '" '" '" -4 I 00 e: t'" rn 0 .., C'l , M r - I trJ r ;- 0. n -< )> ;1 n t'" '00 ell trJ - - c:: 0 )> i' 0 l-j '" , ~::j r- I: . - 0 . t'" ~ ,..., - Z . . :ol 0 /i ~ z 51 "'dl-j ,~ I-d - " r ;- c;'l r -- ~ 1 > >tTJ rn tTJ Z Z ~' .. ~ ",\' , ~ in :;; t<l :::: C'l >- X '" 0 '. 0 ~ . ~ /TI " , , 0. 0 :z , . .' b . , t:'! .- n ~ z - !"T1 ::0 S' 0 rii ~ tT1 ~ , F !> - 0. g , . "= ;;:0 ~ po ~ n ri .3 'E. - i~ 0 . Z I'""'! " . a - ~ '" , ITI - ~ t>: '- . !~ ?l 0 to I "1~ 3 .- ~ '" , I~ i~ (E ir- - " e: '" !a - . / , ~ 00 . 0 ~ '~" ,. . -,' , , " T- - . - . . ,. , ~ .... " " I , ,., .~ c DEED AND BILL OF SALE SOUTHERN CALIFORI,IA ':!ATI,R COi,jPANY, a California corporation (hereinafter called "Grantor~), for a valuablo consideration, receipt TIhereof is hereby acknow- lodged, hereby grants, conveys, transfers and sets ovor unto tho City of Arcadia, a ~unicipal corporation of the State of California (hereinafter called "Grantee"), the propertics situated in the City of Arcadia, County of Los An~eles, State of California, more particularly describod as follol'!s: PARCEL 1 - Lot 26 of Tract 808, as per map recorded in Book 16, pa~e 82, of Maps in the offico of the County Recorder of Los Angelos Cour.ty, State of California, hXChPTI~G THEREFRO~ the easterly 275 feet thereof; together with tho resorvoir, water mains, water lines, gate valves and all other improvoments and appurtcnances thereto now situated upon the above doscribed land hereby conveyod. PARCEL 2 - All transmission and distribution wate:' pipe'. lines, tor,other 1"li th their appurtenant gate valvcs and gate boxes, of the Gra~tor now locatod within the present limits of said City of Arcadia. PARCEL 3- All oasoments and ri~ht of ways, TIhethcr situated on public or private lands, within the presont limits of said City of Arcadia, now owncd by the Grantor and however acquired by it and whothor or n~t cvidenced by instruments of record. ~ ,/;::/1 b';; I n' . (:\ . l,,,' \',;. .~\ .~ ~ood1.01:.! ~Alil246 PARCEL 4 - All other proportios, real, personal or mixed, of the Grantor nOTI situated within the present limits of said City of Arcadia. SUBJECT, to tho extent affected thereby to (1) general and special taxes and assessments for the fiscal year 1949-1950, and (2) easements, ri~ht of ways, restrictions, reservations, con- ditio~s and similar encumbrances (other than covenants for the payment of money) of record. TO HAVE AND TO HOLD unto the Grantee, its suc- cessors and assir,ns FOREVER. IN VIITNESS WHEREOF, said SOUTHERN CALU'ORHA ':.'AT';R CO;',lPANY has executed this instrument by its propor officers thereunto duly authorized and has caused to be impressed hereon its c~rporate seal, this :1~ day of ~,1949. ATl'l'ST: SOUTHERN Cf.LH ORNIA VIATER CO;,:PANY r ~~C(/~ Vice President ~L1a;l"~ Secretary . f :"."" '\ '''''''.'', \.,.~...,~ ;"'0.. ;', ;.;.... :: c','# !~""~~ ,:?; ~~': ~ _ . ~...... t"'-~ ....j >_~..."t~ ~ .;.~. . () 1..:.. .. '.1 ,->,;/, .:....::....:'.....~;' ,i ....,\ BDCH31012 PAG~247 STAn 01<' CALIFORNIA ) ) SS. COUNTY CF LOS AKGLLJ;.S ) en thi, 3--!' doy of ~ ~ ,in th, year 1919, bofore mo ,~ C}..;; ;;. __ a ~:otary Public, in and for the State and County aforesaid, personally appeared Hoit Vicini, kno~n to me to be tho Vice Prosident, and~. C. ~elmon, kno~n to mo to be the Secretary of SOUTHERN CALIF'OIlXIA ':!A'rLR Cor,JPANY, the cor- poration that executed the within instrument, and known ro me to be the persons who oxocutod the within instrument on behalf of said corporation tl.orein named, and aCknoplcdr,od to me that such corporation oxecuted the same. IN ~IT~ffiSS WJ~REOF, I havo hereunto set my hand and affixed my official seal the day and year in this certificate first abovo ~Titton. /~~C~.+d, County and State. "..., ", ~y Commission EXPirns~~/7,~;r~~-3 (SiAL) ~:.:;\" ',,' :tr ". .,......t..., \:~,:'i;;~::~~,> ":,,, '. 1, '." , , , ,. ~ . . -~ . ( _ W-0~t~ .66-Jt':)~7 ,-?<.5c) 7;' j-Y.1 " When recorded please mail to: City of Arcadia, Arcadia,. California. " STATE OF CALIFORNIA } , COUNTY OF LOS ANGELES 55, ,I' CITY OF ARCADIA i.4')~ ""~ ).1(1 0/ " I, R, C. EWING, the duly elected, qualified and acting Clerk of the City of Arcadia, California, do hereby certify thol Resolution No.1914 the foregoing is a full, true and correct copy of l. 1." In '10f ,~ ,'. ~l: :::i----.:.:.:.~... /:.-rPf :I,:<l;;.+"'" .. ~ ~~~,..,,{'''''.;~''R: , "~".r.. '. <:;.:n;,..:,,-, "1' , \~:::;";';A'_\~'" l:. "IV'" ~ ..~,/J."~40'. ,~..rl'~' /'~/.-j, ,- . .,-:-. ~. 11'1_1'/ I~/'(~~, .' ; .<~' I '-/Il!.:l;. .h ,: "i'r.-\"' rt'~ ..~' (' \...... "t ;1,e....\ ")J, .., ~ ,'.L;..r' b; .:,',J 65 the same appears of record and on file in my office, and that I have car!q~upXl.i~+R.~'f~~, t~_~~~a:Tj~~~~t.h=t~~ original. Witness whereof, I have hereunto set my hand and affixed the se:r60h~~Cit;'~~rca~i~::rni:'lt:'] 3 th . "'~:~., fir-::;':;,..f.";:::,~~,!~ . ...' \'. .~. ~""':"o.'I',1,J. ~ ~~~ . .... .'r''3:~~'.tr'?:1;.>&.,..,'''- . ~ _;I.......... "...... "i'" ", ~ ',' . ....t.. J' . ->- ~., \,'~. . , , .. CI~lrk of the City o'f Arcodio lif. 'J\.\~ _". _. ~:. f., .. /' /. day Sept. 19.!1..9--, ~ r ,. i~ \ , .f" {I. ,; ., .\ 1# .. ( ~ - : S( ~:...1 ~ \.*~ , - -- j[~131012 r'A!11:249 :':'1(":' c:.:) (...::;l...~~::ri.;!J, " . ,t., .'." o~ ::''''v;3, ~1~::~:,:~~~:(r:;~.O~;:1. l)C~;~,:')\." .\i:t.021[j, C~:l~~."'.t:t.")::l;'~ ~::'1:1 , " ..........--... " . .:'''v' ~,~' "-' ~~"'. ": ~ C;:C"l :- ~ 1:'1, (0''; ~ _ ..:..l Cf)',:~:'~ ...::.~;;~ :.'0:.) . r~ ~, . ~........, ~ ( '" .~ ~ 0:'.' ...' ) ..1 -.....cJ 0;:') ~.~C: '~~:.Jl t. -;'. ; ~ ',. '''_1<1", "'j.' 1\ .... ,..,... ""..... U-"',i ~:)..' :~ ;"'. (J::: ':';0 1'._ l.lo...l,. C:L.p!: '. ()!~~ :;1.~~11. '"" - .... " " (.;tl:~.:;". ::,~ to' 'I.' :. ~J :~. ~}.-: : ~~ .'-- rr' ..-~- ~ .J.J(I '-!)":!~:~4}:4 n.... ~. , .'(' . ~. I.'. ....., c:': , " '. .-)~ : -.2: ~tJ ~~~J';;~'.~l~: 'I' .- '.' ..,', ~ ',.:fl.:_' ~';'<"..j2.VG .:i:,...~; . 'I' ...),.......'. nd ..1., ~" d_ :'_\.: ~ 1-:'; ~ '.'li - " ,,: None " ...,' t '. .. . ".~'''' ~:.~:~:/ ~../". ~.... }t~~' ~,~).'~..' [ . . :)~', '. ~,' .....' ", '.~ -',' "A~ . <:;:~;:;\~('i:~~/:~:~ . ~"; ~~ I:'" '\. ' "I-' ',",,:,._" . ":'..~ v, :.,' t:;:,..; ,..~j. C,.~ 0" ~;,.' ~:'J:""::':, .. ~).'..... r,J_~It",oV '~o ~ . I ..~ . \.......J . l;:L '~lC -... '.~;~~.t "O;-':'.~..:!.' .;'::, Boucher, Klonp, Nu~ent and Russe'l Councilman Libb:,/ /l 0" ..,;-, 01..1..... . ; ..'u~ " I..J... ..~ . "-"<u-i4<J :.. ~: ";.. J ~l, ~ ':;~1,~~.:: "'~ >. ,. '41 'I ' 'T''' .....-- -. . 0':'- :-,~. "_IL ,. <' ~: . ~\"'... . ._-d2~~--- " . '..' .~~ '.. . .:/ 0.. 1 ::~~~. ':"\.;' f~- -------:'rt'-:ttA ". r'...'. (',' !.: .f,', L~ . \A; t .--i--. l.2"~ .-~",;;'. l' - \..... ~ \. .....'. ~: t, '''l..: 4 (,;~ ~.~~:.~. ;' :,'::...'::L -~~ ....;'-. --:,- "... . h " ~,\-'- .... '." .. .~1:~: "-',. "" -.' . .......,........ ,-, " ~ .::C(;;~ t "--'J:'.~n~,,:. : " ~~ . -""1 ; \~ .. A'----" (~ " "~ ' \ '\') \,'- '-- ,. .l( ',: , . , , , .~ . , .' 1'';,J, "f ~..: loti ':!'Ii < . --- ... ,'~ "1':'-' "f:' ;)5t' v"~ ',~.-~ .... ,I-lJl." v , --,/" .', ,!t~ R . 0___::J) .DOCU!.LE'l'Q' N<D...________. lRJECO!tD.ED AT RECPEST OF 1JlJ'J.iEJNSUli~,~CE& I.'1US;- roo SEP 16 ~949 AT 8 A. M. aDc:t3iO~_2 r~u;:::; ~~~, 04 ..aw;OAL RECORDS ~ fi ~ Angeles. California 1Fee$~oo ~fi.t ~, EIAID. County Retorder 'Iv fp ~ ~putp , , '. .' " " , r, - .III ~ '\ ~ \ ~~ \~ c . . ~ .-~. ... " 1 2, 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 PARTIAL RELEASE , ~' BANK OF A1AERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, a corporation organized as a national banking association under the laws of the United States of America, as Trusteo under that certain Indenture dated May 1, 1947, entered into by Southern California Water Company, a Cali- fornia corporation, and said Bank of America National Trust and Savings ~ssociation, recorded, among other placos, in the office of the County Recorder of Los Angeles County, State of California, in Book 24,620, pago 51, of Official Rocords, and as Trustee under indentures supplemental thero- to or in further confirmation thereof, including that cer- tain supplemental indenture recorded in the office of the County Recorder of said Los Angeles County in Book 28,876, pa~e 80, of said Official Records, does hereby release, dis- 19 20 21 22 23 24 25 charge and quitclaim, without warranty, unto the person or persons la~fully entitled thereto, all right, title and inter- est vested in said Bank of America National Trust and Savings Association, as Trustee aforesaid, under and by virtue of thi- abovementioned Indenture dated May 1, 1947, and all inden- tures supplemontal thereto or in further confirmation there- of, in and to the following described properties located in 26 the City of Arcadia in said County of Los Angeles, more particularly described as foIl O\'JS: 27' ~ Pi,RCEL 1 - Lot 26 of Tract 808, as p3 r map recorded in Book 16, page 82, of Maps in the office of the County Recorder of Los Angeles 28 1 2 County, EXCEPTING THEREFROM the easterly 275 feet thereof; tosether with reservoir, water 3 mains, water lines, sate valves and all other improvements and appurtenances thereto now 4 situated upon the above described land hereby conveyed. 5 PARCEL 2 - All transmission and distribution 6 water pipe lines, togethor with their appurtonant gate valves and gate boxes, of Southern California 7 crater Company now located within the present limits of said City of Arcadia. 8 PARCEL 3 - All easements and right of ways, 9 whether situated on public or private lands, within the present limits of said City of Arcadia, 10 now owned by the Southern California Water Company and however acquired by it and whether 11 or not evidenced by instruments of record. 12 PARCEL 4 - All other properties, real, porsonal or mixed, of Southern California ~ater 13 Company now situated within the present limits of said City of Arcadia. 14 15 16 17 18 IT IS HEREBY EXPRESSLY STIPULATED that this rolease shall not be effectivo in any manner to release any property or interest therein from the lien of said Indenture dated May 1, 1947, or any indentures supplemental thereto or in further confirmation thereof excepting only the interest 19 20 21 22 23 24 25 thereunder of said Trustee in the particular properties here- inabove specifically described or referred to and that the lien of said Indenture and all said supplemental indentures shall remain unaffected and unimpaired by the execution and delivery of this release upon and with respect to the premises and property described or referred to in and now covered by said Indenture dated May 1, 1947, and all said 26 27 indentures supplemental thereto or in further confirmation 28 thereof, save only as this release affects the property 2. 1 2 3 4 5 . 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 aocK~31012 f'AG~141 hereinabove specifically described. IN VITNESS ~~bREOF, BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION, as Trustoe aforesaid, has caused this Partial Release to be signed on its behalf by one of its Trust Officers and has caused its corporate seal to be hereunto affixed, dul~ attested by one of its assistant trust officers, all on this 2..~-clvday of July, 19 AND SAVINGS Trust Officer ATTEST: ~AhA f 5:~r Assistant Trust Officer \\ : ~., :: r, ~ ..' '. "...;: ::. , ," ~. . . ", ~ . ~":':: ',-:', '. >....\ '\ I " _--I.. (CORPORATE SEAL) < : ,>, ':....,.' ' ,....... .1' , t... . t'" .... , :.,. . ) I. ,\... 01 II . : "~I . 3. , ... - ~ocK:~i012 Pfl~::i42 - 1 2 S'l'A'rl' OF' CALH'OR;aA ) ) SS. 3 COUNTY Of LOS ANG~LES ) 4 5 On this ;21d. day of July, 1949, before me, , 6 Evelvn Brulll~ , a Notary Public in and for tho 7 State and County aforesaid, residin~ thorein, duly commis- 8 cloned and qualified, personally appoared l. ~'smUSS8ll 9 kno\'/n to me to bo a Trust Officer, and Charles F. Felt , , 10 known to me to be an Assistant Trust Officer, of BA1~ OF 11 Ai,iERICA NA1'IOi'lAL 'rRUST hlID SAVIimS ASSOCIA'l'ION, the corpora- 12 tion that oxecuted the within instrument, and knovn to me 13 to be the persons who executed the within instrument on be- 14 half of said corporation therein named, and acknowledGed to 15 rr.e tha~ such corporation oxecuted the same. 16 I~ ~IT~lliSS ~~REOF, I havo horeunto sot my hand and 17 ::lffixed my official seal tho day and yoar in this certificate 18 first above ~ritton. 19 21 ,(,. / ~~~~ j':otary ~-ublie irf and for said County and State i,:y.(' Commission expires: 7':'", ~ / y.// '~;I L_ "'..........'; ... "".q . . !Jv'...uM';;N I No....._,,__.. C-'._. RECORDED AT R[C; '1',<;"j OF TITLE INSU~Ai'iCE & II\J3;' CQ. . SEP 13194.9 AT 8 A, M. BO~K31012 PAGl~ J9 IN OFFICIAL RECORDS County of L~ engclcs, California Ped 2. MA/.:E B, BEATIY, County Recordcr By f..j,~ Deputy 4. 20 22 23 (NOTARIAL SEAL) " "'\'- " ~ \\ I" , tF ' ~5~' " 26~6 27~i 28 " I: ~'(' \' California Lan4 Title Anoel.don Stan4u4 Fonn CopyrlJ:ht 1947 (T.I.Jl.CTlalon4-44) , Premium $......35.,,00........ Title Insurance and Trust Company a corporation of Los Angeles, California, herein called the Company, for a valuable consideration paid for this policy of title insurance, the number, date, and amount of which are shown in Schedule A, does hereby insure the parties named as Insured in Schedule A, together with each successor in ownership of any indebtedness secured by any mortgage or deed of trust shown in Schedule B the owner of which is named as an insured and any such owner or successor in ownership of any such indebtedness who acquires the land described in Schedule A, or any fart thereof, by lawful means in satisfac- tion of said indebtedness or any part thereof, any federa agency or instrumentality acquiring said land under an insurance contract or guaranty insuring or guaranteeing said indebtedness or any part thereof, and any person or corporation deriving an estate or interest in said land, as an heir or devisee of a named insured, or by reason of the dissolution, merger, or consolidation of a cor- porate named insured, against loss or damage not exceeding the'amount stated in Schedule A which any insured shall sustain by reason of title to the land described in Schedule A being vested, at the date hereof, otherwise than as herein stated; or by reason of unmarketability of the title of any vestee to said land, at the date hereof, unless such unmarketability exists because of defects, liens, encumbrances, or other matters shown in Schedule B; or by reason of any defect in, or lien or encumbrance on said title, existing at the date hereof, not shown in Schedule B; or by reason of any defect in the execution of any mortgage or deed of trust shown in Schedule B securing an indebtedness, the owner of which is insured by this policy, but only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or by reason of priority, at the date hereof, over any such mortgage or deed of trust, of any lien or encumbrance upon said land, except as shown in Schedule B; all subject, however, to Schedules A and B and the stipulations herein, all of which schedules and stipulations are hereby made a part of this policy, In Witness Whereof, Title Insurance and Trust Company has caused its corporate name and seal to be hereunto affixed by its duly au~orized officers on the date shown in &hedule A TITLE INSURANCE AND TRUST COMPANY by 0\M.~. ()'~ A=_____________.._..........,..............."'... SECR.E.TAR.Y SCHEDULE A Amount $ 6,000.00 Date September 16, 1949, at 8 a.m. Policy No, 3073597 INSURED CITY OF ARCADIA, a municipal corporation. I. The title to said land is, at the date hereof, vested in CITY OF ARCADIA, a municipal corporation. 2, Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: Lot 26 of Tract 808, in the city of Arcadia, as per map recorded in book 16, page 82 of Maps, in the office of the county recorder of said county. EXCEPT therefrom the easterly 275 feet thereof. SCHEDULE B [A] The Company does not, by this policy, insure against loss by reason of: 1. Easements or liens which are not shown by the public records (a) of the District Court 01 the Federal District. (b) of the county, or (c) of the city, in which said land or any part thereof is situated; 2, Rights or claims of persons in possession of said land which are not shown by those public records which impart constructive notice; 3. Any facts, rights. interests, or claims which are not shown by those puhlic records which impart construc- tive notice, but which could be ascertained by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct survey; 4. Mining claims, reservations in patents, water rights, claims or title to water; 5. Any governmental acts or regulations restricting, regulating, or prohibiting the occupancy or use of said land or any building or structure thereon. [B] Liens and encumbrances to which said title is subject shown in the order of their priority, and defects and other matters to which said title is subject: 1. General and special county and city taxes for the fiscal year 1949-1950, a lien, but not yet payable. 2. covenants, conditions and restrictions, contained in the deed from Henry W. Meyer, recorded in book 4278 page 87 of Deeds, which conditions provide that a violation ,thereof shall not defeat nor render invalid the lien of any mortgage or deed of trust made in good faith and for value. STIPULATIONS SCOPE 1. This policy does Dot insure against, and the OF Company will not he liable for loss or damage COVERAGE created by or arising out of any of the follow- ing: (0) defects, liens, claims, encumbrances, or other matters which result in no pecuniary loss to the insured; (b) defects, lieos, encumbrances, or other matters created or occurring subsequent to the date hereof i (c) defet:tlI, lieos, encumbrances, or other matters created or suffered by the insured claiming such loss or damage; or (d) defects, liens, encumbrances, or other matters existing at the date of this policy and known to the insured claiming such loss or damage, either at the date of this policy or at the date such insured claimant acquired an estate or interest insured by this policy, unless such defect, lien, claim, encumbrance, or other matter shall have been dis~ closed to the Company in writing prior to the issuance of this policy. Any rights or defenses of the Company against a named insured shall be equally available against any person or corporation who shall become an insured hereunder as successor of such named insured. DEFENSE OF 2. The Company at its own cost shall defend ACTIONS the insured in all actions or proceedings against the insured founded upon a defect, lien, encumbrance, or other matter insured against by this policy, and may pursue sucb litigation to final determination in the court of last resort. In case any such action or proceeding shall be begun, or in case knowledge shall come to any insured of any claim of title or interest adverse to the title as insured, or which might cause loss or damage for which the Company shall or may be liable NOTICE OF by virtue of this policy, such insured shall at ACTIONS once notify the Company thereof in writing. OR CLAIMS If such notice shall not be given to the Com- TO BE pany at least five days before the appearance GIVEN BY day in any such action or proceeding, or if THE INSURED such insured shall not, in writing, promptly notify the Company of any defect, lien, encumbrance, or other matter insured against, or of any such adverse claim which shall come to the knowledge of such insured, in respect to wbich loss or damage is apprehended, then all liability of the Compnny as to each insured having sueh notice in regard to the subject of such action, proceeding, or claim shall cease and ter- minate; provided, however, that failure to so notify shall in no case prejudice the claim of any insured unless the Company shall be actually prejudiced by such failure. The Company shall have the right to institute and prosecute any action or proceeding or do any other act which, in its opinion, may be necessary or desirable to establish the title, or any insured lien or charge, as insured. In all cases where this policy per- mits or requires the Company to prosecute or defend any action or proceeding, the insured shall secure to it in writing the right to so prosecute or defend such action or proceeding, and all appeals therein, and permit it to use, at its option, the name of the insured for such purpose. \Vhenever requested by the Company the insured shall assist the Company in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, prosecuting or defending such action or pro~eding to such extent and in such manner as is deemed desirable by the Company, and the Company shall re- imburse the insured for any c;xpense so incurred. The Com- pany shall be subrogated to and be entitled to all costs and attorneys' fees incurred or expended by the Company, which may be recoverable by the insured in any litigation carried on by the Company on behalf of the insured. The word "knowledge" in this paragraph means actual knowledge, and does not refer to constructive knowledge or notice which may be imputed to the insured by reason of any public record or otherwise. OPTION TO 3. The Company reserves the option to PA Y, SETTLE, OR pay, settle, or compromise for, or in the COMPROMISE name of, the insured, any claim insured CLAIMS against or to pay this policy in full at any time, and payr.lent or tender of payment of the full amount of this policy, together with all accrued costs which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder, including all obligations of the Com- pany with respect to any litigation pending and subsequent costs thereof. SUBROGATION 4. Whenever the Company shan have set- UPON PAYMENT tied a claim under this policy, it shall be OR SETTLEMENT subrogated to and be entitled to all rights, securities, and remedies which the insured would have had against any person or property 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, securities, and remedies in the proportion which said payment bears to the amount of said loss. In either event the insured shall transfer, or cause to be transferred, to the Com~ pany such rights, securities, and remedies, and shall permit the Company to Uie the name of the insured in any transaction or litigation involving luch rights, securities, or remedies. OPTION TO PAY S. The Company has the right and INSURED OWNER option, in case any loss is claimed OF INDEBTEDNESS under this policy by an insured owner AND BECOME of an indebtedness secured by mort- OWNER OF gage or deed of trust, to pay such SECURITY insured the indebtedness of the mort- gagor or trustor under said mortgage or deed of trust, to- gether with all costs which the Company is obligated here- under to pay, in which case the Company shall become the owner of, and such insured shall at once assign nnd transfer to the Company said mortgage or deed of trust and the indebt- edness thereby secured, and such payment shall terminate all liability under this policy to 8uch insured. NOTICE OF 6. A statement in writing of any loss or damage LOSS for which it is claimed the Company is liable under this policy shall be furnished to the Company within sixty days after 8uch loss or damage shall have been ascer- LIMITATION tained. No action or proceeding for the re. OF ACTION covery of any such loss or damage sball be instituted or maintained against the Company until after full compliance by the insured with all the conditions imposed on the insured by this policy, nor unless commenced within twelve months after receipt by the Company of such written statement. PAYMENT OF 7. The Company will pay, in addition to LOSS AND any loss insured against by this policy, nil COSTS OF costs imposed upon the insured in litigation LITIGATION. carried on by the Company for the insured, INDORSEMENT and in litigation carried on by the insured OF PAYMENT with the written authorization of the Com- ON POLICY pany, but not otherwise. The liability of the Company under this policy shall in no case exceed, in all, the actual loss of the insured and costs which the Company is obligated hereunder to pay, and in no case shall such total liability exceed the amount of this policy and said costs. All payments under this policy shall reduce the amount of the in- surance pro tanto, and payment of loss or damage to an in_ sured owner of indebtedness shall reduce, to that extent, the liability of the Company to the insured owner of 8aid land. No payment may be demanded by any insured without produc- ing this policy for indorsement of such payment. MANNER OF 8. Loss under this policy shall be payable, PA YMENT OF first, to any insured owner of indebtedness LOSS TO secured by mortgage or deed of trust shown INSURED in Schedule B, in order of priority ther.ein shown, and if 8uch ownership vests in more than one, payment shall be made ratably as their respective interests may appear, and thereafter, any Joss shall be payable to the other insured, and if more than one, then to such insured ratably as their respective interests may appear. If there be no such insured owner of indebtedness, any loss shall be payable to the in. sured, and if more than one, to such insured ratably as their respective interests may appear. DEFINITION 9. The term "land" when used herein shall be OF LAND construed to include the land herein described specifically or by reference and improvemeots affixed thereto which by law constitute real property. WRITTEN 10. No provision or condition of this policy INDORSEMENT can be waived or changed except by writing REQUIRED TO indorsed hereon or attached hereto signed by CHANGE the President, a Vice-President, the Secretary, POLICY or an Assistant Secretary of the Compaoy. . , . I -~~ ~~ :g ~'" N8.1"j6'E 44092 60 ,') / ~ c... ~ ~ , - - - - ::;: . 0, ~ LOTS 2/ To 26 - - -) ....) - - " TPACT NO 808 '" L.., c.., '" '" ~ , Roclr /6 Prlye 9,2-3 o;Mqps ~ ,"" ~ ..~~ ..-~ , '" c::: ,) , , ~ - - - '" ~ ~ "> '" ~ "- <\J N'/2 , ;;; ~ , '" ~ - - - ,:.?~:.i - - - "" '" '" , ~ S'/2 :<:: ~ ~ :: Xl, ~ 1 L, 2"61 'I .....)1 - !!!! '" " ::;: ~ Cl '" ~ "> <:) (.) . llJ "J '_'i~~M - - /" -z::::-c:r .~~~ 275 '" , ~~ , 440.!J2' r., - Pirsf Av~. 19tJ S8,,".36'W 440.92 CIi/'1INO REAL 60 ~ I THIS IS NOT A SURVEY OF THE LANO'-8UT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFicIAL RECORDS. t, " , ~i!I~:Jnjuranc~ and qrus! Company KER.:-J COUNTY 1715 CHESTER AVF'.L"E BAKERSFIELD / RIVERSIDE COUNTY 3940 MAIS STREET, R1VERSlOE SAN DIEGO COUNTY 1028 SECOND STREET, SAN DIEGO SAN LUIS OBISPO COUNTY 777 HICUERA STREET, UN L.UIl OBlSPO SANTA BA~BARA COUNTY 920 STATE STREET SANTA BARBARA TULARE COUNTY 204 WEST MAIN STREET, VIS"!..lA VENTURA COUNTY 47' EAST MAIN !TIl.EET, VENTURA 1 ,/.. ':'~ J... , " ,~y > :;:j6--rS7 (J6licy 0/ (1 q;tl~ Jnsuranc~ TITLE INSURANCE BUILDING TITLE INSURANCE AND ThUST COMPANY INCORPORATE.D 1893 433 SOUTH SPRING STREET, LOS ANGELES 13 U. S. A. CJltI~:Jnsuranc~ and qrus! Company KERN COUNTY '715 CHESTER AVF.NUE B"KERSFIELD \ \ RIVERSIDE COUNTY 3940 MAIN STREET, RIVERnDE SAN DIEGO COUNTY 1028 SECOND STllEET, SAN DIEGO SAN LUIS OBISPO COUNTY 777 HIGUERA STREET, SAN Lt:IS OBIIPO SANTA BARBARA COl.::-ny 920 STATE STREET &ANTA BARBARA TULARE COUNTY 204 WEST MAIN STREET, VISALIA VENTURA COUN.TY 471 EAST MAIN STREET, VENTURA