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HomeMy WebLinkAboutD-0612 A' , ~ J,. " '\; ..I ..- . . ., "J)~,l~ ....... r . BOOK39783 PAGE257 DEED -, ' RANCHO SANTA ANITA, INC., a corporation organized under the laws of the State of California, and having its principal place of business at Arcadia, California - - - - - - - -- - - - for and in con&ideration of the sum of - - - - - - - ONE HUNDRED NINETY-EIGHT THOUSAND and nO/lOO DOLLARS - - - - - ---------------------f$198,000.00)---------~~----------------- in lawful money of the United States of America, receipt of which is hereby acknowledged, does hereby - - - - - - - - - - - - - - GRANT TO - - - - -the CITY OF ARCADIA, a municipal corporation-- all that real property situated)in the City of Arcadia, County of Los Angeles, State of California, bounded or described as follows: That portion of Lot 5, of Tract No. 949, in the City of Arcadia, County of Los 4rgeles, State of 'California, as per map recorded in Book 17, Page 13 of Maps, in fhe office of the County Recorder of said County, described as follows: Beginning at ,the most westerly corner of that parcel of land conveyed to the Los Angeles Turf Club, Inc., and described as Parcel 2 in deed recorded in Book 12619, Page 275 of Official Records of said county; thence along the boundary of the land described in s aid Parcel 2 as follows: South 510 27' 00" East 481.12 feet; South 380 33' 00" West 150.00 feet; and South 510 27' 00" East 30.00 feet to the intersection With the southeasterly line of said Lot 5; thence southwesterly and westerly, along the southeasterly and south- erly line of said Lot 5, to its point of intersection with the southerly line of Huntington Drive, 80.00 feet in width, as the same is described in the deed to the City of Arcadia recorded in Book 9396, Page 145 of Official Records of said county; thence easterly and northeasterly along the southerly and southeasterly line of said Huntington Drive, to the point of beginning:" SUBJECT TO: General and special, city and county taxes for the fiscal year 1952-1953; Conditions, restrictions, reservations, easements, rights, and rights of way of record; Easement of record to City of Arcadia for street an~ highway purposes; Easement of record to City of Arcadia for a water channel for. Iconv~yihg: of flood waters and incidental purposes; Easement of record for a sewer line; , -1- ~, . . ~ . t', ::: " .. " . . . :l " < STATE OF ~ALIFORNIA (..;~ COUNTY OF , SS, .............,........,...~,Q.?...,~!}.g~),-~ll------..,----...J , On....__,....___........,A.ugu.at....2.8.......l~.Q.2..___...,.........., before me, the undersigned, a Notary Public in and for said County and State, uersonally appeared Norman ChandLer ..............,.....................................................--....-..---.....----............, known to me to be the........................................President, and .........E......W.e,sle.y....D.ay.i,e,.s..,......,..........................., known to me to be the...........................uu.............Secretary of the Corporation that er'1Cg.~~i:~ii.9ih Instrument, known to me to be the persons wHo ex'e~utea the within Instrument on behalf of the Corporation therein named, and ackn~wl. edged to me that. such ~~.rvorition ~xecuted the same. WITNESS my hand, ..nIL ol!jC(a~scai. , ~ ~:~~i~~~~~~:;:~~'~.~:7?1d' cJ;~' '/t;.,\'., (Seal) ........___.../J.h~liv.k.. .1?'f:!0.!.""'h ~otar'1 Public In ~nd for ..id Ccunty aDd Slate. " ,:lIL, ' \",' . :.. ~ '. . tOo: " " ',' ., to Pacific Telephone and '..39783 .258'" SUBJECT TO: An easement of record Telegraph Company; An easement of record to Southern California Edison Company; That certain lease dated July I, 1949, between Rancho Santa Ani ta, Inc. and Roy S. Bearden and W. A. Murphy, a co-partnership doing business as "Arcadia Sports Center", and amendment to said lease dated May 27, 1952. I, This conveyance is made upon and subject to the folloving covenant, condition and restriction which shall run with said land, shall operate as conditions subsequent, and shall apply to and bind the grantee, its successors and assigns and all other persons acquiring any interest in said land, either by operation of law or in any manner whatsoever, namely: said premises sball be used only for the purposes of a hospital and hospital site, including all uses pertinent, related or incidental to or in connection with a hospital, and/or civic uses or purposes; provided, bowever, that the coven- ants, conditions and restrictions in this paragraph contained shall in all respects terminate and end and be of no further effect, either legal or equitable, either on said property or any part thereof, or on the parties hereto, their heir-s, successors, devisees, executors, administrators, or assigns on or after June 30, 1962; provided further that the use of any portion of said premises pursuant to the hereinabove described lease dated July 1, 1949, between Rancho Santa Anita, Inc., and Roy S. Bearden and W. A. Murphy, a co-partnerShip doing business as Arcadia Sports Center, as amended May 27, 1952, or as the same may hereafter be extended, renewed or modified, shall be deemed or construed as a use permitted by this paragraph and not contrary or prohibit- ed by I10ny covenant, condition or restriction in this paragraph contained. Ii " :" .. IN WITN:&SS WHEREOF, grantor has this .25 hereunto caused its Corporate name and seal officers thereunto duly author1zed. , ,.." ';".' 1/,',. ., ,'" ~ -:;. -'tV . ~:, c (")" ". if: ". ". "c !!) 0 ','t-": .."; ',' .,; r; n ~ -::::... ,.. - '" .... -~ . :: ~ W .'1] 9'j. .:: po'~ 'J; ~~.. ,:~. :' : ~,l;>'.~ .: -. "I?, c. ...... It"; ~~. "'l:::'- ," -~... ''''..... 1".... """ .'~ ~...- Q '" ..,. ..,Jr.. ~.. -.'1; '. . 'J \\\ ,.' '-.' ~ .... ' '- . "- '~ . . ~ . , , , day of August, 1952, to be affixed by its ~~ Am;;;;? ~ ~ President . ". :/,~~ .J.avd S re tary r ;: , " ,~ '028104 !j;, - ~' h,,,.,,,,....'."."..n I ClTA Slardard CoY.fage Policy Form :J'.'~ -' or. - Fee S 471.50 / POLICY OF TITLE INSURANCE ISSUED BY TITLE INSURANCE AND TRUST COMPANY OF LOS ANGELES Tille Insurance and Trust Company, a corporation, of Los Angeles, California, herein called the Com. pany, 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 the persons and corporations included in the definition of "the insured" as set forth in the stipulations of this policy, against loss or damage not exceeding the amount stated in Schedule A which the insured shall sustain by reason of: I 1. Title to the land described in Schedule A being vested, at the date hereof, otherwise than as herein stated; Of 2. Unmarketability, at the date hereof, of the title to said land of any vestee named herein, Ullless such unmarketability exists because of defects, liens, encumbrances, Of other matters shown or referred to in Schedule B; or 3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not shown or referred to in Schedule B; Of 4, A~y 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, hut only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or 5. Priority, lit 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, such mortgage or deed of trust being shown in the order of its pr~ority in Part Two of Schedule B; all subject, h~wever, 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 authorized officers on the dale shown in Schedule A, by TITLE INSURANCE AND TRUST COMPANY ~O/~~- 1eL;~~ Alles' SECRETARY " CLT^ Stllndllrd Coverllge Policy IOI2^ 2-51 SCHEDULE A '\ Amount $ 198,000.00 Dale September 8, 1952 at 8 a.m. Policy No.3648406 - --- INSURED THE CITY OF ARCADIA, a municipal corporation. 1. The title to said land is, at the date hereof, vested in: THE 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: That portion of lot 5 of Tract No. 949, in the city of Arcadia, as per map recorded in book 17 page 13 of Maps, in the office of the county recorder of said county, described as follows: Beginning at the most westerly corner of that parcel of land conveyed to the Los Angeles Turf Club, Inc., and described as Parcel 2 in deed recorded in book 12619 page 275, Official Records of said county; thence along the boundary of the land described in said Parcel 2 as follows: South 510 27' 00" East 481.12 feet; South 380 33' 00" West 150.00 feet; and South 510 27' 00" East 30.00 feet to the intersection with the south- easterly line of said lot 5; thence southwesterly and westerly, along the southeasterly and southerly line of said lot 5, to its point of intersection with the southerly line of Huntington Drive, 80.00 feet in width, as the same is desoribed in the deed to the city of Arcadia recorded in book 9396 page 145, Official Records of said county; thence easterly and northeasterly along the southerly and southeasterly line of said Huntington Drive, to the point of beginning. . CLTA Standord Coveroge Policy 10128 4-.51 SCHEDULE B \ . This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except \l to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly insured in paragraphs numhered 4 and 5 on page 1 of this policy. PART ONE: This part of Schedule B refers to matters which, if any such exist, may affect the title to said land, but which are not shown in this policy: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing agency or by the public records; and easements, liens or encumbrances which are not shown by the public records. 2. Rights or claims of persons in possession of said land which are not shown by the public records. 3. Any facts, rights, interests, or claims which are not shown by the public records 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 laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regulating or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or any zoning ordinances prohibiting a reduction in the dimensions or area. or separation in ownership, of any lot or parcel of land; or the effect of any violation of any such restrictions, regulations or prohibitions. PART Two: This part of Schedule B shows liens, encumbrances, defects and other mailers aflecting the title to said land or to which said title is subject: 1. General and special county and city taxes for the fiscal year-1952-1953, a lien not yet payable. 2. An easement for street and highway purposes over that portion of lot 5 lying southerly of Huntington Drive as conveyed to the city of Arcadia, by deed recorded in book 9396 page 145, Official Records, and westerly of a line 40 feet' easterly from and parallel to the northerly prolongation of the center line of Holly Avenue, as granted to the city of Arcadia, by deeds recorded in book 13158 page 287, Official Records, and in book 13158 page 291, Official Records, respectively. 3. A perpetual easement for a water channel for conveying of flood waters and incidental purposes, as granted to the city of Arcadia, a municipal corporation, recorded August 22, 1940 in book 17754 page 253, Official Records, and described as follows: ' ~(off1 DlffJif// ;? 1j<;'€f'oJFI'.I T A portion of lot 5 of Tract No. 949, in the city of Arcadia, being a strip of land 25 feet in width lying northerly of and adjacent to the southerly line of said lot 5; the southerly line of said strip being described as follows: Beginning at the intersection of the southerly line of said lot 5 with the easterly line of Holly Avenue as described in deed to the city of Arcadia, recorded in boo~ 13158 page 291, Official Records, of said county; thence easterly and north- easterly along said southerly line of lot 5 a distance of\920 feet, more or less, to the southwesterly line of that certain channel commonly known as the Arcadia Wash. \ , 4. Covenants, conditions and restrictions contained in the \ deed above mentioned. 5. An easement for a sewer line over: A strip of land 15 feet' in width, situated in the county of Los Angeles, state of California, being under and across a portion of lot 50f Tract No. 949, as per map recorded in book 17 page 13 of Maps, records of Los Angeles County, lying 7.50 feet on each side of the following described center line: Commencing at the point of intersection of the north line of said lot 5 with the northwesterly line of Huntington Drive (80 feet in ,width~; thence southwesterly along the northwesterly line of said Huntington' Drive on a curve concave to the southeast, having a radius of 995.37 feet, an arc distance of 607.48 feet; thence South 370 28' 47." West along the northwesterly lipe of said Huntington Drive, and tangent to said last mentioned curve, a distance of 2593.17 feet; thence 'South ,010 13' 44" West 135.30 feet to a point in the' southeasterly line of said Huntington Drive, said last mentioned point being the true point of beginning; thence South 010 13' 44" West 388.00 feet to the point of termination in the northwesterly line of the ' Pacific Electric Railway right of way (said Pacific Electric right of way"being 60 feet in width and being a portion of the Rancho Santa Anita Baldwin Estates as shown on County Surveyors Map 6299 of said county). The side lines of said 15 foot strip to be prolonged or shortened so as to terminate in the northwesterly line of said Pacific Electric Railway right of way and the southeasterly line of said Huntington Drive, condemned by final decree of cqndemnation entered in Case No. 2641 United States District Court, a certified copy thereof being recorded in book 20019 page 44, Official Records. 6. An easement for poles, conduits and incidental purposes, as granted to The Pacific Telephone and,Telegraph Company, by 'deed recorded in book 24579 page 126, Official Records, over: That portion of lot 5 'lying southerly and southeasterly of Huntington Drive, excepting that portion lying northeasterly of a line having- a bearing of North 510 29' West which intersects the line having a bearing of North 510 29' West which intersects the southeasterly line of said lot 5 at a point 835.51 feet southwesterly from the northeast corner of iot 5 of Tract No. 949. ' 7. An easement for pole lines and incidental purposes, as granted. to Southern California Edison Company, by deed recorded in book 36677 page 431, Official Records, over: A strip of land 10 feet in width lying within lot 5 of Tract No. 949, as per map recorded in book 17 page 13 of Maps, the center line of said strip is described as follows: Beginning at an existing Southern California Edison Company Pole -- - " No. 216427-E located on the northerly line of Huntington Place, as now established distant thereon westerly a distance of 737.71 feet from the northerly prolongation of the center line of E1 Monte Avenue as now established; thence North 560 08' 00" West a distance of 256.31 feet; thence North 390 24' 39" West a distance of 239 feet; thence North 350 49' 03" West a distance of 250 feet; thence North 300 48' 37" West a distance of 60 feet to the true point of beginning of the description; thence continuing North 300 48' 37" West a distance of 26 feet to a point hereinafter referred to as Point A; thence North 550 19' 40" East a distance of 384.89 feet. , Also 2 strips of land 2 feet in width, the center1ines of said strips are described as follows: 1. Beginning at said ,Point\ Aj thence North 310 45' 25" West a distance of 45 feet. 2. Beginning at said Point A; thence South 550 19' 40" West a distance of 45 feet. 8. An unrecorded lease dated July 1,,1949 and Amendment to said lease dated May 27, 1952, executed by Rancho Santa Anita, Inc., as lessor and Roy S. Bearden and W. A. Murphy, a co-partnership dOing business as "Arcadia Sports 'Center", as lessee, for the period and upon the terms, covenants, and conditions prOVided in said lease, as disclosed by a recital in the deed from Rancho Santa Anita, Inc., to the city of Arcadia, a municipal corporation, recorded September 8, 1952. 9. Covenants, conditions and restrictions contained in the deed from Rancho Santa Anita, Inc., a corporation, recorded September 8, 1952. The covenants, conditions and restrictions referred to above do not include restrictions upon the sale or occupancy of said land on the basis of race, color or creed. .... - PORTION n~ TH~ RANCHO SA~T~ A~IT~ , ~ DO, _--=.oR" ~tIo ___ ~~ 0.... ------ 7// 0'.( ,. , . >,,' -9........ ".:' s. 'v'""..". ~.' ,>~ /' ,gJ"'~~"" ~. / '.1,.'_, I *-'~... '....~~~, ~ ~~ -.,,:.... '-"" l )!1:/ ,.' l,/ / l. II' / ;"'" /< 0'/ /~ -t" ft' " "', / /I':!'''~ ~(.-<" ~~"" ,"/ ,_, 0 1)' /." ""-:-.-.' ~ "" ~ -" '10 ,'/,' . -. . .:r:- "........... '/.",'b \ ') ;x;. 1,1 If ~.... o~/f.) <> ;.4' . ..,~~'/ 'v itl': <.''4''/ .- (4}';t , ~'v ~, A' /t~fl'~ .y<> . Q' / <S' / &YA(" /-. II' / /~II~ ' // ~II'~' ./,/ '~II __..--- /' .,<'lO;;'~ ~''; --- ~ ...--.-" ::::J.L----- ---, I ~, DT, LOT S l .. !Ii '" /: ~ -~C?~ lii """"""~D" ~ ",~".> D'-.... THIS IS NOT A SURVEY OF THE LAND aUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. .... '. elf... Standard Cov.rage Pollcy form Copyright 1950 1012-C 6.50 1. SCOPE OF COVERAGE Thi. policy d...,. not in.ure le.iOIl, Ind the Company will nOI be Ii.ble for Iou or dam'le crealed by ur ..i.inr out of In)' of thOl follo.ine' (a) ddecu, lien., C'lima, cneumbr.nen, or otber mUlel"ll wbich ,null Ie no p<,cunlUY 10" 10 Ihe inluTed; (b) defeet_, Iiell', encumbrance., Or other mlllen cr...lt'd Or oecurriol lublequcnt 10 tbe ollie hereol; (e) deiect., Iien_, "neumbr.ncn. or nlher mlUen crnted Or .ullCltd by the inlured c1liminJ luch 10" or dlmare: or (d) delectl, lienl, <:I,iml, cncumbr\.nc.... or Olbe, manen ublm, .t tbe due of Ihi. policy and Ir.oo.o to tbe Inlured e1aimin, luch 10" 0' dlmare. cllber .t the dale of Ibi. policy or.t the date luch inlured claim. ani Icquired In nl.le or inlernl ilUuredby Ihi. policy. ulllcu .acb delect, Ilcl1, eblm. eneumbr.nce or olber m,"er .b.n h., e been diteloeed 10 the Comp.ny In wrilin, prior 10 Ibe I..u.nce of Ibi. poliey Or .ppeared .t Ibe d.le of Ibi. polky on tbe public reeord.. Any ri,bu or defelllea of the Company .pill.t a named In.ured .h.1I be equ.lly ....i1.ble .pin.1 .ny penon or corpor.lion wbo .b.1I become .n In.ured bereunder .. ,"eecuor of .ucb n.med in.ured. 2. DEFENSE Of ACTIONS. NOTICE Of ACTIONS 01 CLAIMS TO IE GIVEN IY THE INSUIED The Comp.ay.t it. own eoat .b.1l defend tbe Inlured in .nHli,.lion con.I.llnl of .clionl or proeeedinp .,.ll1lt Ibe inlured, or defel1ln, realfainiol orden, or I.njunclionlllllerpOled .,allllt. loreel..rue or ..Ie of ..id I.lld in ..tial'CllolI of .ny illdehlednea., tbe owoer olwhlcb it ia.ured by tbi. policy, wbicb Iltl,.. lion it founded UpOIl . defecl, lien. encllmbrallee, or olber miller In.ured Ipln.1 by tbit policy, Ind may punue .ucb liliption 10 6n.1 delermination In the court of IUI rellOrt. In cue .ny .uch liti,ation .h.1I become !toown to Iny in.ured, or I.n cue !tnowled,e .b.lI come 10 Iny in.ured of IllY cJ..lm of title or inlernl whlcb I. Idverae 10 Ibe Iltle II in.ured or wbich m;p.t clu.e 1011 or dlmale for which tbe Comp.ny .b.1I or may be li.ble by vlrlue of tbit policy, .ucb in.ured .h.1I oOllly Ihe Comp.ny thereof in wrhln,. II .ucb nOlu:e .hln not be liven to tbe Complny II lelll 111'0 dlY' before tbe .ppear.aee dl' ill .IIY .ucb lilic.llon., or if .uch Inlured .hall nOl, in wrlliol, promplly nOlify Ibe Comp.ny of .1IY ddet:I, Iicn, encumbr.nce, or olher m.ller in.ured .pin'I, nr of Iny .ucb .dnrae claim whicb .h.1I come to tbe Ir.nowled,e 01 .ucb in.ured, 11I're.peel 10 wbleb l_ or dlmalle i. .pprchel1ded. then an li.bilily of Ihe Comp.ny II to elch In.ured bavln, .uch !tnowledle .b.I1 eelle .nd lerminate; provided, bowever, th.t I.ilure to '0 notify Ibe Complny .h.lI in 110 Clae prej.' udiee tbe cI.im 01 .ny IDlUrf'd unln. Ihe Comp.ny .b.1I be ,clu.lly prejudiced by luch flllun. The Com. p.ny .b.1I hue Ibe rilbt 10 Inllltule ,"d pr"f'eute .n, .ctlon or proceedlnl or do .IIY otber .u wbieh, in iu opinion. may be necnllry or dealrable to e.l.bllah Ihe tille, or .ny In.ured lien or cbu,e. II In.ured. In In cllea wbere tbl. polley permlll or requlretl Ibe Comp.ny 10 pro.ecule or delend .ny lelion Or proceedlnl, tbe in.ured .bln .et:ure to it in wrhlnlthe rlebl 10 10 pl'Olecute or defend .ucb .c11011 or proceedllll. .nd .11 .ppeala Iberein. IDd permil It 10 uae. II ill option. tbe n.me 01 tbe In.ured for luch purp..e. Whenever requnled by the Company th. Inlured .ball ...lal Ihe Comp.ny In an)' lueh .etion or proceedinl, in effectinl leulement, .ecurinl evi. dence, obllinin, wilne..e.. pro.eculin, or delel1din, lucb ,cllon or proceedinl, to .uch n:lent Ind I.n lUeb manner.. I. deemed deairable by tbe Comp.ny, Ind Ibe ComplnJ .ban reimbune tbe in.ured for ally upen'e .0 incurred. The Complny .h.lI be .uhrol'led 10lnd be enlilled to III eoal. .nd .uome,..'I_ in. -- STIPULATIONS tuned or n:pended by Ibe Comp.ny, whicb m.y be recoverlble by Ihe In.ured in any 1111,.1;011 carried on by Ibe Complny on beh.1f of lbe In.nred, Tbe word "lr.nowledlle" in rbi. par'lf.ph me.n. .Clut! Ir.nowled,e, .nd don nol r..lf'r to eon.lruclive Ir.nowl- ed,e or notice wbicb may be impul..d 10 Ihe in.urf'd by Ihe publie record.. 3. NOTICE Of LOSS. LIMITATION Of ACTION A .t.lemenl in wtitla, of .ny 10" or d.m.,e lor .bieb II ia c1.imed Ihe Comp.ny ia I..ble Ul1der Ihi. polley .h.n be furnl.hed 10 Ihe Comp.ny wllhln .illy d.y. Iher .ucb lOll or d.mlle .h.1I hue been ..cerlalned. No .elion or proceed In, lor Ihe recovery 01 Iny .uch Iou or d.male .hln be In.tiluled or m.inlll.ned .,.11lI1 Ibe Complny unul alter full compliance by Ihe in.ured witb .11 Ihe condllionl impo.ed on Ibe ,naurcd by .hl. policy, nor unle.. commeoeed wilhln twelve monlb. liter reeeipt by Ihe ComplDY 01 .ueh wriIlCD.lale_t. 4. OPTION TO PAY, SETTLE, 01 COMPROMISE CLAIMS The Comp.ny re.ene. tbe oplion to p.y, leule, or eompromi.e for. or in Ibe n.me of, Ibe il1.ured, any c1.lm i~ured .,aln.t or 10 PlY thia policy in full It .ny lime. Ind p.ymenl or lender of paymenl of tbe full amount of lbil policy. 10letber wltb .11 .cerued coall wbich the ComplDY Ia obll,'led hereunder 10 P'Y. .b.1I lermin.te .11 Ii.bilily of the Comp.ny beve. under, inr:ludln, .11 obli,allonl of the Comp'Dy wltb reapecl 10 Iny1l11,alloo pendin'lnd .ubaequenl c"u Ihereof. S. SUI.OGATION UPON PAYMENT 01 SITTLE. MINT Wbenner tbe CompallY .b.1I have .dtled . c1.im under thl. polic)'. it .h.1I be .ubr....led to .nd be entitled to .11 rl,bl., .ecurltie., .nd remedle. WblCb tbe in.ured would h.ve had 1,.io'l Iny p;non or property in rnpeCI 10 .och claim, h.d Ibla policy Dot been Ia.ued. II Ihe paymcnl doe. nOI cover the 1011 of the In.ured, Ihe Comp.ny .hlll be .ubroPled 10 .uch rl,hl.. .ecurlliea, .nd remedln in tbe proporlion whicb ..Id p.ymenl bear. 10 Ibe .mounl of ..id 10... In eilberevenlIhein.ured.b.lllran.ler,oreau.eto he lran.lerred, 10 Ihe Comp.nynch richll,.ecurilin, .nd remedln, .nd .bIll permit the Company to Die the nlme of the In.ured in .llylran..c1ion orlitlptlOll Involvin, .uch ri,bu, Iccurilies. or remedies. 6. OPTION TO PAY INSUIED OWNIl Of IN- DEBTEDNESS AND IECOME OWNEI Of SECUlln The Company hll tbe ripl Illd oplioll, in cue Iny 1011 .. claimed under Ibia policy by In in.ured owner of .n Indeblednel' .eeured by morlp,e or deed 01 lrull, 10 p,y .ucb iD.ured the Indehledne. of tbe mOrllllor or trullor under ..Id mortpie or deed of lnut. topther wllh .11 COlli wbich the Compally ia ob1lpled hereunder to p,y, In which cue Ibe Com. pauy .h.1I become the owner ai, .nd .uch in.ured .h.1I .1 once ",ilD .nd lrand.., to the Company, ..Id morl,..e or deed of tnut Ind the I.ndebtednea. Ibere. by aecured, Ind .ucb p.ymenl .bIll terminate an Iiablllty under Ihit policy 10 .uch in.ured. 7. PAYMENT Of LOSS AND cosn Of LITIGATION. INOOISEMENT Of PAYMENT ON POLICY The ComplDy will PlY, I.n Iddlllo!l to Iny J_ inlnred .pll1.1 by 111... policy, III COltl imp..ed UpOD tbe 111' .ured Iu Iiliptloll carried on by the ComplDY for Ihe in.ured. .nd in lillptloD carried on by the in.ured with the writtCD ,ulborization of the Company. but nOI ., otherwi.e. The Ii.bilily of Ihe Compan,. ullder thla., policy.b.1I in no clle ellceed.ln all,lhelclu.ll_ oltbe in.ured .nd coal. which Ibe Comp.ny it oblll.led hereunder 10 ply. .od in nO clle .h.1I .uch t01l1 Ii.hillly ellCeed Ihe amount of thl. policy l!ld ..ld co.t.. All paymenll under Ibi. policy .h.1I reduce the .mounl of the in.urance pro l.nlO, Ind p.yment olio.. or dlmale 10 .n In.urf'd owner of Indebtedncu .hall reduce, 10 Ibat nleiU. Ibe liabilily 01 Ihe Company to Ihe in.ured owner of ..id I.nd.. No p.ymenl _y he dem.nded by .ny In.ured Wilhoul produciolthil policy lor Indonemenl 01 .ucb p.ymetU. I. MANNER OF PAYMENT OF LOSS TO INSUIED LOll under Ihil policy .h.1I be pl,..hle, 6nt. to .oy in.ured ownf'r of indeblednn. .eeured hy mortple or deed of trUII .hown In Schedule B. In order of priority Ihereln Ibown. .nd II .ucb ownenhip veall In more ,h.n Ol1e, p.ymenl .b.1I be made r.llbly .. their retlpet:live internu m.y .ppear, .Ild thereaher .ny loa. .h.1I be payable to tbe other In.ured, Ind If more tbln one. then 10 .uch in.ured rat.bly II Iheir rnpec. live inler""l. may Ippear. If Ibere be nO .uch in.ured oWller of Indebtednt"ll, .ny Iou ab.1I be p'Ylble 10 Ibe in.ured, .nd II more th.n one. to .ucb in.ured ralably II Ibelr reapective inlerl!ltl may 'ppear. 9, DEfiNITION Of TElMS Tbe followinl lerm. when u.ed in tbil policy mean: (.) "n.med inaured": Ibe penon. Ind corporaliofll nlmed II i".ured In Scbedule A of tbi. policy: (b) "the in.ured": .ucb ItImed In.~red to,etber witb (I) e.cb .ucc....or In ownenhlp of Iny indebtedaell .ecured hy .ny mort,..e or deed 01 tru.t abOWD in Scbedule B. Ihe oWl1er of wblch ladeblednell Ia n.med berein II .n in.ured, (2) .ny .ucb owner or .uccet.lOr in ownenbip 01 .ny .ucb Indeblcdncu who .cqulrea tbe land deacribed in Schedule A or .ny put tbereol, hyl.wful me.n. in ..Ii.flctlon of ..Id indebtednCN or Iny parlthereol, (3) Iny ,0vemment.1 'Iency or in.lrumenulity acquirl.n, ..Id Ilnd undcr .n In.urance contr.CI or l'D.raDlee inlllrin. or pu. .nleeiDI ..id Indehledncu or Iny pari Ihereof, .nd (4) Illy penon or corporllioD derl...l.n. la "late or inlereat In ..id land.. an heir or de...iaee of I D.med in.ured or by rellon of the dillolulion, merler, or conlolidation of a corporate named in.ured: (c) "land": the bnd dncribed .peei6eally or by reference in Schedule A .nd improvemenll .ffilled Ihereto wbicb by 1.11' COnltilUle real property: (d) "dale": tbe nact day. hour 'Dd millule .peei6ed III tbe 6ral line 01 Scbedule A (1I1I1eII the conlnt clearly requirC'l I difterent meaninl); (e) "tncinl .....Ilcy..: tbe SlIte .nd eacb counly. city 'lId county, city Ind di.triel in whleb ..Id l.nd or .ome put thereof iI .ilulled lhal 1""ln tun or I.C'IImf'nu on real property: (f) "publie record.": Ihoae public ret:ord. wbich, under the recordin, I.w., imparl conllructive DOllce of m.l. ten relltin, to..id la!ld. 10. WIITTEN INDOISEMENT lEQUllED TO CHANGE POLICY No provi.ion or eO!ldilion 01 thi. policy can he w.lved or chlnled Cl:eepl hy wrltiD.J indoned hereo!l or .1. Ilched herelo .Ipled by the Pre.ldenl, . Vice Proi. dent, the Secretary, or In },gitt.nl Secrelary of the ComplllY. II. NOTICES, WHElI SENT AU nOlicn rCiluired 10 he liven the Comp.ny Ind any lIatemenl In Wrilin, required to be furnl.bed Ihe Com. pIn,. &hall be .ddreued to it II Ihe office wbich iaaued thla poliey. .... " ' . - AIRItAID~.A 'lIiIlF,,~iell UNITED STATES DEPOSITARY ARCADIA, CALIF. September 11, 1952 City of Arcadia Ci ty Hall Arcadia, California Attnl Walter M. Cornish,City Clerk ReI Escrow 1602 Ranoho Sante Anita to City of Aroadia Dear Mr. Cornish, In settlement of the above esorow, we are enolosing the following dooumentsl 1. Lease between Aroedia Sports Center and Ranoho Santa Anita, Ino. 2. Ammendment to said lease. 3. Assignment of said lease by Renoho Santa Anita, Ino., to City of Aroadia. 4. Title Insuranoe and Tr~st Co. polioy no. 3648406. 5; Esorow Statement. Please aoknowledge reoeipt of the foregoing, by signing and returning the enolosed oopy of this letter. May we take this opportunity to thank you far letting us handle this esorow for you, and express our appreoietion for the fine oooperation all of the City representatives have given us throughout the transaotion. Ve;J truly yours, fi!{~!t6~~Jw Esorow Offioer ".., . '--;- ~ , . , POLICY OF "4. TITLE INSURANCE . TITLE INSURANCE AND TRUST COMPANY TITLE INSURANCE AND TRUST COMPANY KERN COUNTY 1715 CHESTER AVENUE, BAKERSFIELD 1331 CHESTER AVENUE, BAKERSFIELD ORANGE COUNTY 416 NORTH MAIN STREET, SANTA ANA FRES~O COUNTY 1117 VAN NESS AVENUE, FRESNO INYO,MONO COUNTIES 149 NORTH EDWARDS STREET, INDEPENm:NCE FRESNO COUNTY 1117 VAN NESS AVENUE, FRESNO INYO-MONO COUNTIES 149 NORTtI EDWARDS STREET, INDEPENDENCE . KERN COUNTY 1715 CHESTER AVENUE. BAKERSFIELD 1331 CHESTER AVENUE, BAKERSFIELD ORANGE COUNTY 416 NORTH MAIN STREET, SANTA ANA ',' RIVERSIDE COUNTY 3940 MAIN STREET, RIVERSIDE SAN DIEGO COUNTY 1028 SECOND AVENUE, SAN DlECO 12 , SAN LUIS OBISPO COUNTY 777 HIGUERA STREET, SAN LUIS OBISPO RIVERSIDE COUNTY 3940 MAIN STREET, RIVERSIDE TULAREt COUNTY 204 WEST MAIN STREET, Vl'iALIA TITLE INSURANCE AND TRUST COMPANY INCORPORATED 1893 HOME OFFICE 433 SOUTH SPRING STREET, LOS ANGELES 13 SAN DIEGO COUNTY 1028 SECOND AVENUE, SAN DIEGO 12 . ".,- . ,i SAN LUIS OBISPO COUNTY 777 HIGUERA STREET, SAN LUIS OBI'iPO SANTA BARBARA COUNTY 36 EAST flGUEROA STREET, SANTA BARBARA SANTA BARBARA COUNTY 36 EAST FIGUEROA STREET, SANTA BARBARA TULARE COUNTY 204 WEST MAIN STREET, VISALlA V ENTURA COUNTY , 101 SOUTH CHESTNUT STREET, VENTURA VENTURA COUNTY 101 SOUTH CHESTNUT STREET, VENTURA , '~\ ,~j ~ ~ ~ ~~ -<'~ :..- I, --:';sL- -- . . i-' ,- ~ ;;>~""" v,;.'': . ' . ",':'.'-': :.~.;..:, \ . ~--" -=--- .' .-" r-, , i . :, . " , .~ '". ...; '. " _ -,," t. When recorded, mail'- to':- U. S. National Bank 128 East rtuntington Drive -Arcadia, California ~ - " -', - ='~ . , , '>."' ,,~--= . - 0.0:.-= -",j~~ ". - ......;." '-f~~~ -=_ . . -. (~ .. . ',~ ,'. ill!^"'"'' , . - ~':t ~ ... ..~"... -,.. ""'''"''N'T' h1' <, -', , !t):;"~~Vrt:'H .. .G.~___.........-_____. . .~CO-D"-' IT R"r'l-""" r- !\>.V. l:( ,-u.. ...~ ';! '. r- 'linE iNSUHAfiCE & mUST co. SEPJ 8 1952 AT 8 A.~, BlJDK39783 . _256 IN 0FFlCIAL aEOOTU:;.~ (Ca'mcv of Los Angeles, UlJcmJa l'1~'$~~ii'3=.~_~ _~,_ ~~.?= " .""'"" 1'-..,;." ~'.""""./'r ~.ill..L, ~. ~~t~, ~(l'ii\.Y l\~__ ,.... IV 4' ~~ -:~--~ _~~k_."=- . = ,~ .'.. " , , .... -~-~l J ) .i '; " 0:' " \~ ;" -----