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~ SPACE ABOVe.: THIS LINE FOR RECORDER'S USE
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Grant Deed
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Affix I. R. S. $/i.!..@....... :
3981.53
THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
MAlJDE S, LOWE, a widow, RUSSELL E. LOw,E, and V~~~"WW~,. h~bM~.!l:Pd:,~f~, ,
hereby GRANT(S) to CITY OF ARCADIA, a municipal. corporation,
the following described real property in the state of California, county of Los Angeles
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Parcel .I: The westerly 93 feet of Lot 2 of Tract 3430, in the
city of Arcadia, as per map recorded in Book 42, Page 32 of Maps in
the office of the county recorder of said county.
Parcel II: That portion of the Rancho Santa Anita in the city of
Arcadia, included within that portion of the 40 foot strip of land marked
"Southern Pacific Railroad Right of Way" on the map of Tract 3430, recorded
in Book 42, Page32 of Maps in the office of the county recorder, lying
between the northerly proJ.ongation of the Westerly line of the eaet n,9B feet
of Lot 2 of said Tract 3430, and the northerly prolongation of the westerly
line of said Lot 2.
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SUBJ]X:T 'ro: All city and county taxes for 1955/1956,
EaBements, rights of.way,. conditions, restrictions-and. reservations
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of record,' including so-cal.led zoning ordinances.
Daled :,....,..,.., ,14ay..,Jr..].95~..........................
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SPACE BELOW FOR RECORDER'S USE ONLY
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DOCUMiiNT >>1 -l~-49- '
RECORDED AT !M.'QUEST OF
TITLE INSURANCE & I1llIST Co.
MAY 26 1955 AT8 A. 111.
BOO! <17887 PAGE 412
IN OFFICIAL RECORDS
County of Los ~eIes, California;
F~
.:wE B. Recorder.
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WHEN RECOROED MAIL TO
My ComminiOri E:cpito. ;,run!) 2S. f9jJ
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Arcadia, CaJ.1fo:f'nia
Title Order No,"""',........,..,""",..dJ-Y:~..~....::5.::?f.'::P,..,"',..,
Escrow or Loan NOh...... ..2564...m....__........................................
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TITLE.. INShRANCE
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TRUST. COMPANY
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"':FRESNO COUNTY
1I1'7'VAN NESS AVEXUE, FRESNO
I~.y~.MoNO COUNTIES
149 NORTH EDWARDS STREET, INDEPENDENCE
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':1>KERN COUNTY
17TH A'~D;'I" ST~EETS. BAKERSFIELD
1331 CHESTER AVE:-;'UE, BAKERSFIELD
ORA"GE'Com<TY
416 NORTH MAI:'i ST~EET, SANTA ANA
RIVERSIDE COUNTY
3940 MAIN STREET, RIVERSIDE
SA" DIEGO COUl\'TY
1028 SECO:"lD An:NUE. SAN DIEGO ~.2
SAN LUIS OBISPO COUNTY:'
777 HIGUERA STREET, SA:V LUIS OIJlSPO
SANTA BARBARA COUNTY
36 EAST FIGUEROA STREET, SA:"iTA BARBARA
TULARE COUNTY
204 WEST MAl:" STREET, VISAUA
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V Ei\'TURA COUNTY
101 SOUTH CHESTNUT STREET, VENTURA
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WHEN RECORDED MAIL TO
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TITLKINStJRANCE
AND
TRUST COMPANY
INCORPORATED 1893
. HOME OFFICE
433 SOUTH SPRING STREET, Los ANGELES 54
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GRANT DEED
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TITLE INSURANCE
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TRUST COM'PANY
INCORPOIlATED 1893
HOME OFFICE
433 SOUTH SPRING STREET, Los ANGELES 54
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TITLE INSURANCE
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AND
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FRESNO COUNTY
1117 VAN NESS AVENUE, FRESNO
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INYO.MoNO COU"T1ES
149 NORTH EDWARDS STREET, INDEPENDENCE
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KERN COUNTY
17TH AND "I" STREETS, BAKERSFIELD
1331 CHESTER A\'ENUE, BAKERSFIELD
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ORANGE COUNTY
416 NORTH MAIN STREET, SANTA ANA
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RIVERSIDE COUNTY
3940 MAIN STREET, RIVERSIDE
SAN DIEGO COUNTY
1028 SECOND AVENUE, SAN DIEGO 12
SAN LUIS OBISPO COUNTY
777 HIGUERA STREET, SAN LUIS OBISPO
SANTA BARBARA COUNTY
36 EAST FIGUEROA STREET, SANTA BARBARA
TULARE COUNTY
204 WEST MAIN STREET, VISALIA
VENTURA COUNTY
101 SOUTH CHESTNUT STREET, VENTURA I
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, STATE OF CAliFORNIA }
COUNTY OF LOS ANGELES 55,
CITY OF ARCADIA .
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l, WALTER M, CORNISH, the duly elected qualfied and acting Clerk of the City of Arcadia, California,
do herElby certify that the fareging is 0 full, trlle and correct copy of
Resolution No,2626 of
the City of Arcadia
of
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es the seme eppeers of record end on file in my office, end thet I heve cerefully compered Jhe seme with the originel,
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In Witness whereof, 1 heve hereunto set my hend end eHi,ed the see I of the: <;obi- ~~/;~~di,;,';thi"_' 19th
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IJeputy Clt:; Clerk or tffe 01t;,' 0;1' f>rcaaIi
tilGNJID MfJ AfECiVEli ttu. l'{th _ oS: r'~, 1955.
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.........Ar~.adia................,Office
Description of Property
..645uFa:l.rview" uAi-cadl,!'. ........
M.E M.O.
Paid outside of Escrow $
Cash through Emow 16.250.00
ESCROW
STATEMENT
Enc:umbrances
Statement of
City of Arcadia
With
Maude S. Lowe
Total consideration
111,::>50 00
KEEP THIS STATEMENT FOR INCOME TAX PURPOSES
DEBITS
CREDITS
Cosh Consideration through Escrow~Sale.. ...,......,........"..,......,..'..,.,...............u ",~6.250.&00......,' ,..,......,....,....,......'....
Cosh Deposited in Escrow ....".....,..,..,..,.......,...,...".... ,........,..",..,..,....,......,..,......,............ .."....,...."...........,...., ,..l6,268.2.5...."...
Policy of Title Insuronce ......,'..,..,......,.....,.....,.....,..... .."...'.."........,..,...'..,.........,............" ,..,.......,........",......" ,...,..,.."..,.."".."..'..,
Recording:
Deed ............., ,......... ....... ..........., ,.................,........ ........., ,....,....,.........,.." ,..,.... ,...,........ ,.., ,..... ,.. ,..,....,......,.., ,........".."....",..,....,..
Trust Deed ,..,........,........................,...",............. ,.."..,.""'......"....,'..,...,....,.."..,,..,..,.. ,..,....,....,..,..."....,...., ,...,.........,...."........."
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Reconveya nce ,........ u..' ,..,........,.., ............................".."........", ,......", ,.. ....'.....' ..........., .., .........., ............... u ,....... ,..., ,.... ,.. ....,.. ,...
.__..... .... ...__........... ..................... ................__........ ..... ____ _... __. n. _.." _.. ..... ....__............... ....u... ...... ..... ......... ... ........ ......... ......- --- ---- .-. -.....
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h. __ __. ........n .........h. n..... ,.... ..... .....nnnn.............. _ _._. . __ n.'" ............n...... n_."...... _._nnn_ ...... . nU' h.__" .U........ ........ ................... n...........
Reconveyonce Fee ....,..,....u'.,....."..."..,..,..,.........,...... ,.."..,.."..,.....,.,..,............,,'..,..........., .."....... ,........,.........., ,....,....,......,..,...,.."".
Taxes ",...." .,....... ....."..., ..,."..,.., ,......................."..,..............'......., ...."...................,............, "..',.....,...,...."....,.'..' .........,....""".,....,.. .,'
Bonds or Assessments ,.,.,..,~...."......',....,......,..,....,....... ..."...."...."",...,................,.."...,...,.., ......,......"....",........., ,.....,..,....,.."',.."...,"~
Benefic io ry' s Statement ,.."........,..,....... ,....,...., ,...... ,.., ...."",.....,..............,..,....,. ,.., ..,.......... ,..,.......' ........".. ,....." ,.., ,..""..",..',.."..'",..
Broker's Commission "",...~........,....,',.....,...,..,......,..,.. ,.."......................",....................,..... '..,........'.....'.........,. ,..."...,....,,',",..,',""'~
Appraisa I Fee ....,...,.....,....."..,..,........,....,.......,.."........ ,...",., ,..,......"............"",................., .."......'.."....,........,.., ,...,...".......",..":,..,,,.
Internal Revenue Stamps "..,...'.,..,........."........,....,..... ,..""........"..,..,....,.......,....,............", ..,.........."..,...,........., '........",..."",....""".,
T ox Service ........"...., ,...... "~....."......"...,...................,.. ..,.."'..",,'.,,............,..,......,.....,......,.. ..,..........,...."..,..""", ,....,...."..,.., ",..,'....",
Preparing Documents ,.,......,...,..,..,...............,........,... ..,..,.."...." ,'.""....",....." ",...,...,....., ...,..."....,..'..,..,.,......, '......"",..,....,...,...",.,
Escrow Fee "..,.."...............,..',.............."........,..." ,.. ........"""""......"" ,...,.......,......,..,..",.. ,.." .. ........' ..~8."25..,, ,.., ,..,....",..,....'"....""..,
Insurance Assignment Mortgogee Clouse ........,:...,.................. ,.........,.........,.....,.....
Demonds: ..",.., ..",..", ,,'.... ,....,."""......"..........,........,..".."..,...., ",..".,.....,........,..,..,.,....", ..,..,............,....,........ ........,..'.......,..'......,..
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'n ... __u_......._n__.....hh_ ....hnn..._......h....h h.nun__..............h..._......h............._u._u___n_n...n_...... h..n_....__... .___ _......... .....____._._.._.......h.... ..
Prorations: (See reverse side)
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Taxes ,.."......." ,..,....................'..',...............,......,.. ',........,......,..,..,..,......"............'",...., ..".......,.......,....""" '..,.,..""..,....,.."..,..,..
Interest ....,..,......" ,....,............. ......., ......., .......,..... ,..,'.........."..,..'....", ,..'. ...., ,....,.... ,..... ".... ......,........ ,.. ,..,.... ........",......,..,.. ,..".."
I nsuronce ........... h _.._...... ........n ...... ..... .......... ....n.. .................. _.......... h n_ _.h. ................. .....n n._........... ....... ." . ..__...._......_. . n.__ u.....,
Rents "",..,'.............,....' ..........,.... ,............... ......' ,. ,.. ,..,..,..",.......,....", ,....,..".."...... ,..... ,...."....,..".."..,..'",......'....,......,.",..'"...,.
......... -.......... .......... ..... ................ .....n... .....n.. h" ..._ n..n...n... ..... ..........n...n... ..n. ......... _. _. _. _ n. _. .............:: ......... ........ .... h. _..... ..... ......... .....
Miscellaneous: ,.. .,.....,.........,...., ................................., ,..,......,........."....".."........,.............., ............,............,...., ,...............",...."..",..
... ..........................n.... ....n... ..... .......n........ ....... ....... ............ ..............n.... ....n........n..._ __ ...._.. _. _. .__ _.. __. ..... ..... .......... ... ...... .00. .... ....... ..... ......
......n................................. .......... ..nn..... .... ...... ....n.. ................ ........_.... .......... ....... ...... ... _... _.... . n n n n _............ .......... . ........ .n..n.......... ......
Check Herewith ..,.........."........,'...'............................. ...,...,.,.......
Balance Due This Bonk ,..............,............,........, .. ..... ....
TOTALS
._nn_._...._.................. ...................._......_....1
16,268.25
16,268.25
This Statemerlt cove~s money settlement onlYt Details of prorations. if any. are set forth on tne back hereof.
TRU.902
PRORATIONS
TAXES
$
$
for
for
19
19
19
19
prorated from
proroted from
to
to
ASSESSMENT
$ for 19 19 prorated from to
INTEREST
On $ @ % from to
On $ @ % from to
INSURANCE
Policy $ Premium $ Issued 2
prorated from' to , expiration dote
Policy $ Premium $ Issued
prorated from to , expiration dote
Policy $ Premium $ Issued
prorated from to , expirotion dote
Pol icy $ Premium $ Issued
prorated from to , expirotion dote
Policy $ Premium $ Issued
prorated from to , expi ration dote'
RENT
Tenant Monthly rental $
proroted from to "
-
Tenant Monthly rental $
prorate<:! from to
Tenant I' r-. Monthly rental $
pro~oted' from to
Tenant Monthly rental $
proroted from to
Tenant Monthly rental $
proroted from to
T enont Monthly rental $ - - ~.
proroted from to
, . J', ))
10126-53
Colifornlo lond TItI. Anodotlon
StClndord Co....rog. Policy Form
Copyright 1950
Fee $ t'].~
POLICY OF TITLE INSURANCE
ISSUED BY
TITLE INSURANCE AND TRUST COMPANY
OF LOS ANGELES
Title 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:
1. Title to the land described in Schedule A heing vested, at the date hereof, otherwise
than as herein stated; or
2. Unmarketability, at the date hereof, of the title to said land of any vestee named
herein, unless such unmarketability exists because of defects, liens, encwnbrances,
or other xnatters 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; or
4. 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 aa such defect affects the lien or charge of such mortgage or deed of trust
upon said land; or
5. Priority, at the date hereof, over any such mortgage or deed of trust, of any lien or
encumbrsnce upon said land, except as shown in Schedule B, such mortgage or deed
of trust being shown in the order of its priority in Part Two of 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 aflixed by its duly authorized officers on the date shown in Schedule A.
TITLE INSURANCE AND TRUST COMPANY
by
0/ O/~h.K t2~ ...
PRESIDENT
, AIIe>t
SECRETARY
vu.r..
1012'" 8.53
California Land 1'lIle "'nodotlon
Standard Coverage Polley Porm
Copyright 1950
SCHEDULE A
Amount $16,250.00
Date May 26, 1955, at 8 a.m.
Policy No. 4300500
INSURED
CITY OF ARCADIA, a municipal corporation.
1. 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:
,
PARCEL 1; The westerly 93 feet of lot 2 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.
PARCEL 2';. That portion of the Rancho Santa Anita, in the
city of Arcadia, county of Los Angeles, state Or California,
included within that portion of the 40 foot strip of land
marked "Southern Pacific Railroad Right of Way" on the map
of Tract No. 3430, recorded in book 42 page 32 of Maps, in
the office of th~ county ~ecorder of said county, r~ing bet-
ween the northerly prolongation of the westerly line of the
east 71.98 feet of lot 2 of said Tract No. 3430, and the
northerly prolongation of the westerly line of said lot 2.
10128 8-53
California Land Title "'uoelatlon
Standard Coverage Polley form
Copyright 1950
SCHEDULE B
This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except
to the extent that the owner of llny mortgage or deed of trust shown in Part Two is expressly insured in
paragraphs numbered 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 affeet the title to said
land, but which are not shown in this policy:
1. Taxes or assessments which are not shown as existing liene 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 po!lses!lion 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 pereans 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 occupany, 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 matters affecting the title to
said land or to which sa~d title is subject: .
1. General and special county and city taxes for the fiscal
year 1955~1956, a lien not yet payable.
2. The provisions of an agreement affecting parcell declar-
ing said land restricted against occupancy by persons of other
than~the white or Caucasian race, executed by Eric P. Lowe and
Maude S. Lowe, as the owners of said land and by other persons
as owners. of other parcels of land in said tract and vicinity,
recorded prior to February 15, 1950 in book 23411 page 324,
Official Records.
3. An easement over parcel 2 to lay water pipes and conduct
water over. any and all parts of said land at any and all times,
as reserved by Elias J. Baldwin, in deed recorded in book 444
page 283 of Deeds.
1012-C 8.$3
Collfornio lond Title Auociotion
Stondord Coveroge Policy Form
Copyr;"ht 19$0
1. SCOPE OF COVERAGE
Thil polic, doet nOI io.url!' agaioll. a"d Ihe Compan,
will nol be liable lor 101' or damage created b, or
ariling out 01 an, of Ihe lollowinll: (a) defe,.,lt, Iiena,
daiml, encumbrancn, or other mltt..rl which reluh ill
no pccuniary lOll to Ihe inlured; (b) defecu, lit'lll,
encumbrance., or other manen cr"ul!'d or occurnnll
.ub.cquenl to the dlle hereol; (c) delectl. lienl,
I!'ncumbrlnceo, or other mlllen crelted or lullered by
Ihe inlured dlimlnll luch Ion or dlmlle; or (d)
defccts, lienl, clliml, encumbrltnrn. or otber mauen
niltinll It the dlte of Ihi. policy IlId known 10 the
in.ured dliming .uch lOll or dlmllle, either U the
dlle of thi. pollc, or It tbe dlle luch inlured cllim.
Int lequlred In estall!' or inlereol inlurtdb,lhil polic"
unlcll luch delecl, lien. dltm. encumbrance or other
mlUer IblU hl\e been di.dOled 10 Ihe Complny in
wrilinl prior to the IlIuance 01 tbi. policy Or Ippeared
al the dlte of tbil policy on tbe public record., Any
rillhu or deftn.e. 01 the Complny again.t a named
lnlured Ihln be equally a...ilable Ipio.t Iny penon
or corporal ion wbo Iban become an inlured bereunder
"' luecellor of lueh named in,"red.
2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS
01 CLAIMS TO IE GIVEN BY THE INSUIED
The Complny at It I own co.1 .hln del end Ibe In.ured
In III liligation conlillinl of aClionl or proceedinp
Ipin'l the inlured, or ddenl"", r""trliOlnl orden, or
Injunction. InlerpOled allinll a foreclolure orllle 01
Ilid llnd III. Illidaclion of an, indeblednell, the
Owner 01 wbicb 11 III.uud by thil policy. wblcb lilllla.
lion it lounded upon a defect, lien, encumbnnce, or
other mancr inlurcd allinll by tbia policy, and may
punue lucb Iitlll"llon to linal delerminltion In Ibe
court 01 lilt relDrt. I" Clle ""y luch Iitill"tion Ihall
become known to any IDlured, or In ellc koowled,e
.hlll come to any inlured of Iny daim of litle or
interClt which I. Idverle to tbe title al in.ured or
which mipt caule 1011 or dama,e lor' whicb the
Company Ihan or ma, be liable by yirtue 01 thil
polICy, lucb in.ured ,bill nolify th" Complny thereof
in writin,. If ,ucb notice Iball not be given to tbe
Company at lealllwo dlY' befnre Ihe Ippeannee dly
in any lucb litl,ation, or if .uch inlured Ihall 1301. if!
writinll. promptly notily tbe Company 01 Iny dded,
lien. encumbrlnce, or olher maner in.ured IlIainlt, or
01 I."y .uch adverle claim whicb Iban come to the
knowledlle 01 lueh Inlurtd, In relpect 10 which 1011
or damage i. apprehendtd, then all Iiat..ility of the
Company .. to each inlured hnilll( luch knowledlle
Iblll celie Ind terminate; pro\,ded. however, that
failure 10 '0 notily the Company .hall In noelle prej_
udice Ibe c1llm of Iny in.ured unle.. Ihe Complny
Ihlll be Ictullly prejudiced by luch failure. The Com.
pany Ihall bave the rillht to Inullute Ind prOleeule
any action or proceedinl or do any other ICI whicb,
in it. opinion, m.y be lIecellary or de.irable to
eollbh.b the title, or ~ny in.ured lien or Cbarlle, II
inlured. In all ca.n where thi, policy pCrmill or
requires the Company to prOlecute or dclend In,
action or proceedllll, tbe inlured Ibl.1I lecure to il in
writin,lhe rllht to 10 proleeote Or defend luch action
or proeeedinl, and all appeoll thtreJO. and permit it
10 uoe, II ii, oplion, the name 01 the innred forlueh
purpOle. Wbcnever requClted by Ihe Complny tbe
inlured Iban IIlilt the Company in any lucb action
or proceedlnl, if! efleetinl( leulement, lecurin, evi.
dence. obtainin, wita""""". prOleculi", or dclendin,
lucb letlon or proceedin,. to luch ellteal'lnd in ouch
mlnner al io deemed dellrahle hy th~ C~mpany, and
the Compa,,!, Iblll reimbune Ibe inlured for any
n.pen!e 10 Ineurred, The Company Ihan be lubropled
to and be,entitled to all eOltlandaUonley,'f_ in.
STIPULATIONS
eurred or upended by the Compl"', wblcb ma, be
reconrable hy Ibe inlured in any htillltion earril.'d
on by Ibe Complny on behllf of the inlured. Tbe
word "knowledge" In thl. parlplpb meanl aetllal
knowled,e. Ind doCl not rtltr 10 eon.tructive knowl.
edle or notice which may he imputed to Ihe in.ured
bythepuhlie recordl.
3. NOTICE OF LOSS. LIMITATION OF ACTION
A IIltement in wntin, of Iny lOll or dlmalle for which
it i. claimed the Complny il liable under thil policy
.blll b" lurnlsbed 10 the Complny withh~ lillty dl,1
aher luch lOll or dlmlle shin hive becn IIcerlained.
No Ictlon or pronedlnl for Ihe recovery 01 In, IOcb
I_ or damal(e Ihall be inltituted or maintlined
Il(linlt Ihe Complny until after lull compliance by
the Inlured with all the condltionl impoled on tbe
inlurtd by thi. polu:y, nor unle.. eommt'nced wilhin
twelve mooth. liter reCeipl hy the Compaoy 01 lueb
written Ilatem'at.
4. OPTION TO PAV, SEnLE, 01 COMP'IOMISE
CLAIMS
Tbe Complny relent'1 tbe option to pay. leule, or
eOmpromile lor, or in tbe oame of, Ibe inlured, any
cllim itllured a,lioll Or to pay Ihia policy io full at
any lime, and payment or tender of plyment of the
full amount of thll polICy, tOllelber wilh IU accrued
eOlta which the Company ia oblipted hereunder to pa,.,
Iball terminale all liability of Ihe Company here.
under, ,ncludilll( III obligalionl of Ihe Comp""y with
rcopeel 10 any liligltlon pendinl( and luboequcnt Coati
tbereol.
5. SUIIOGATION UPON 'AYMENT 01 SlnLE_
MINT
Whenever the Company Iblll hue lenled a claim,
under thil pohcy. 11 Ihlll be lubrOllted to and he
entItled to all ri,hll, ,eeuritlel, and remedin wbicb
Ibe iDlured would have had alalnlt any penon or
properly In reopecl to IOcb claim, bid thia policy not
been !alued. II Ihe plymenl doel not cOver the lOll
of tbe inlured, the Company Iball be lubrogated to
luch r;,htl. lecurlti,.,., Ind remedl,.,. intbe proporlion
.hicb lIid plymenl bearl 10 Ibe Imounl of ..id loal.
In either event Ibe inlured Iballlnnofer, or ClUle to
be Innlferred. 10 Ihe Company lucb r;,hll. lecuritiCI.
Ind remedl,.,., and .bIn permll the Complny 10 lIIe
the na.me of the Inlured in any Iran..etioQ or Iiti,ltiGrl
inyolviqlucb r;,hta, .,.,euritiea, orremediea.
6. OPTION TO PAV INSUIED OWNER OF IN-
DEITEDNESS AND IECOME OWNEI OF SECUIITY
The Company hal the rlibl and option, in cue any
lOll il c1llmed under Ibit policy b, In inlured owner
of In indebtedn",," "",cured by mortple or deed of
trull, to pay luch in.ured Ibe indeblednea of the
mortlllOr or trullor under Illd morllllle Or deed of
trult, tocether 11'1tb all COlli which tbe Complny ia
oblipted hereunder 10 p"y, in which cu" Ihe Com.
pany aball become the owner of, and lueh ilUurecl
Ihanat once I..i,.. and tranlfer 10 the Complny, IIld
mortllqe or deed 01 trull and the indebledneol tbere.
by luured, and lut'h payment .hall lerminate all
liability under thi. policy 10 aueb inaured.
7. PAVMENT OF LOSS AND COSTS OF LITIGATION.
INOOISEMENT OF PAVMENT ON POLICY
Tbe Company will pay, in Iddltion to any I_ inlured
alalnlt by thil policy, all COltl ImpOled upon the io.
lured in Iitlption carried on hy the Company for the
iQlured, and 10 htlptioo carrifli on hy the inlnred
wilh the wrltteD luthoriutioD of the Compan)', bul Dol
otherwlle. The Iilbilily 01 the COmplny u"der tbil
policYlhan in no cue ellCt'td, in aU. tbe IctuIII_
of Ihe inlOred and COlli wh,ch Ihe Company ia obliglttd
hereunder to pay. Ind in no clle .hall lueb 10111
lilbihly uceed tbe amounl 01 Ibi. policy Ind lIid
COlli. All plymentl under Ihi. policy Ihlll reduce Ibe
amount of the iOlurance protlnto, and plymenl of 1011
or damale to In in.ured owner 01 indebtedneH Iball
reduce. 10 Ibat el.\enl, Ihe lilbility of Ibe Compan, 10
the Inlured owner of IIld land. No plyment IIIIY b"
demanded by any inlured wilhout produdnlllhil policy
for indor.ement olluch payment.
I. MANNER OF PAYMENT OF LOSS TO INSUIED
LOll under thi. policy .hlll be pa,lble, fint, to Iny
inlured Owner 01 indebtedneo. lecured hy mortp," Or
deed of Irultlhown In Scbedule B. io order of priorily
Iberein Iho..., Ind il .ucb' ownenhip """t. in more
thao Olle, plym~nl Ibln he made ratlhly II their
retpeetive Inlere." ml)' Ippear, .nd thereaher any
10.. Ihan be Plyable to tbe otber inlured, a"d if more
thanone,tbento.uchin.uredratablyaltbeirrClpec.
live intereatl mly appear. II there be no luch inlured
owner of indcblcdlle.... any lOll Ibln b" p"y"bl" to
Ibe inlured, and if more tban one, 10 luch in,urfli
rllahly II their rClputi"e interCltl lIIIy appear.
9. DEFINITION OF TElMS
The followinll lerm. when uoed'in Ihia policy mean:
(a) "nlmed inlured": lhe penon. and eorporalionl
named II ,nlured ill Schedule A 01 thil policy; (b)
"Ihe ill.ured"; luch named inlured tOllether with (I)
eacb IUCCeHor in owaenhlp 01 any indehtedneH
""cured b,. any mort,a,e or deed 01 trulI Ihown la
Schedule D, the owner of whicb indahtedne.. la
nlmed hcrcin II In iasured, (2) an,. lucb owner or
lucc....or In ownenhlp of Iny luch indebtedna.1 who
acquir"" the Ilnd dClcribed in Scbedule A or any
part thereol, by II_ful meanl in IItldaclion of lIid
IndebtedQCII or any pari thereof. (3) any 1I0vunmental
allency or inllrumentalily Icquirlnl lIid land under
anln.uranceconuactorcuarlnteein.urillllor,uar.
antedn, laid indebtednell t;'r any part thereof, 100.1
(4) any penon or corporalion derivin, an tollte or
Intereit in lIid la"d II an heir or de"i.oee of I nlmed
inlured or hy rellon of the dl..olutiOll, merller, or
conlolidllion of a corporate named lnlured; (c)
'''land'': the land deaeribed Ipedlicall)' or by reference
In Schedule A Ind improYllmenta lBi.,.,d Ibereto which
by law conltilule real property; (d) "date": tbe
eueI day. bour and mlbute Ipecified In th" lirlt line
of Schedule A (uDlell Ihe contnt clearly require, a
dlll'erent mealllnl); (e) "tar,in, qency": the Slate
and eacb counly, e1ty and county, dl)' Ind diltriel
in _hicb IIld Ilnd or lome plrt tbereof ia litulled Ihat
Ic"iel tallto or a..ellmeall on real property, (I)
"public reeord.": thOle public reeordl wblch, under
the recordinllawl, impart cOOllrueli"e Dotlce of mat.
ten relatln,to laid Iat1d.
10. WIlTTlN INDOlSEMENT lEQUllED TO
CHANGE 'OLlCV
No pro"illon Or condilion 01 Ib!. polic, can he _aived
or chan,ed ucept by writinc indoned hereon or at.
tacbed hereto li,ned hy tbe Prelident, a Vice Preli.
denl, tbe Secretary, or an A..Illanl Secretary of. tb"
Company.
11. NOTICES, WHilE SENT
All notic" required to be ,iven the Company Ind aay
Italement in writin, required to be lumilhed tbe Com.
~ny ahall be addreHflilo il It'the oBic," which mued
thil polic)'.
5.P,RY, 0 R.I....
"
I ZZ~.44 ~ c " 93 -171,. 6.1"-180./5' /45./~ 7/'"'1723 72..2'5\ 72.695 /45.1!J 7l.,J:j5 \ 7l.5~ /4.5.13
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TRACT NO 3430
lOTS 1 TO 9, 2T TO 48
THIS IS NOT A SURVEY
OF THE LAND BUT IS COMPILED FOR INFORMATION ONt Y FROM 0
AlA SHOWN BY OFFICIAL RECORDS.
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.