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HomeMy WebLinkAbout; |CITRON & FRANK JR. & FAWCO|FAWCO & CITRON & FRANK JR.|FRANK, JR. & CITRON & FAWCO|; 32442; Easement0. $ECORDING ,REQUESTED B 5' @ "i * ' J /?T s-:y -F I 5 i FILEIPAGE NO.- -. .A . .- A. ', 5, . . - . , AND WHEN RECORDED MAIL TO RECORDED REgUEST OF YIIlE lFi56BARCE pi M$l@* 1 FEE 21 9:00 Ah! '68 . : r d.. Name City of Carlsbad 2960 Pi0 Pic0 Drive Street SERIES 9 BOOK 1968 2 k ,' ," ;r OFFICIAL RECORDS p Address Carlsbad, California 92008 .. /,/" City a State L SAN DIEGO CO'JNaY, CAL6E Ct A b S, GRAY, RECORDER i .' i 'r SPACE ABOVE THIS LlNE FOR RECORDER'S USE I. MAIL TAX STATEMENTS TO r 1 NQ FEE ' Name Street Address City 6 Same as above 8 $3.85 $3 &+-:s- -*- >.=- :+ - 2@ 1; . . l&--+:-: . . .. statc L j*>\ I\ SAM 5 :?- . i c-9 /-\SAP _I AFFIX I.R.S. $-.Z!.?e ...... IN THIS j,"Cg;pf& 1; g; I-;i:+ .F-FT>-.. yj /-& k= k?$j#$ARyj @ ~z~~:;T%:~a *:;+- ~ r I I Grant Deed I TO 405 C THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY L. .. .I FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, BERNARD CITRON, a married man as his separate property, as to an undivided interest; HARRY J. L. FRANK, JR. , a married man as his separate property, 2 undivided 1/4th interest; and FAWCO. , a partnership as to an undivided 1/2 inter hereby GRANT(S) to CITY OF CARLSBAD, CALIFORNIA, a Municipal corporation, the following described real property in the City of Carlsbad County of San Diego , State of California: .- .-. A portion of Lot 5 and of the Northwest Quarter of the Southwest Quarter of Sectic Township 11 South, Range 4 West, San Bernardino Meridian, in the C>.- of C&s as described in rider attached hereto and incorporated herein, therein designatec "Parcel B", together with an easement described in said rider attached hereto ar therein designated as "Parcel B-1". Subject to: 1. Second Installment of General and Special taxes for the fiscal year 1967-68 inc any special district levies, payments for which are included therein and collectec therewith, 2. Assessments and Bonds, presently of record, having a present unpaid balance None. 3. Covenants, conditions, restrictions, reservations, easements, and rights of 7 record (if any). 4. An unrecorded Agreement in connection with said real property, dated Septerr 1960, made by and between L. Allan Jandro and L. Afton Jandro, husband and wi: Rildan, Inc. , a Califbrnia corporatiori. 1" " !$. (7 @..r Dated January Lt , 1968. . &m."b" & *.&%" BERNARD CITRON ,i STATE OF CALIFORNIA COUNTY OF L0 s Ange1e s 9 }SS. On January #, 1968 before me, the under- signed, a Notary Public in and for said State, personally appeared ~ _. Bernard Citron and Harry J. L. Frank, Jr. FAWCO, >a partnersNp - ~ known to me '3 * I j: b ' : i' By . :.!I' ~,. ....t.\ x /L, 5 . j3 d&b/A+. to be the person s whose name-e subscribed to the within I instrument and acknowledged that they executed the same. WITNESS my hand and official seal. '."^&L /&&!ad Signature A % ./,J v-? 1 ~"1% Name (Typed 'or Printed) &$ ~~~~~~~~~,~~~~~~i~~~~, &aJc;7a I * I Title Order No. Escrow or Loan No. ~~~~ ~~ ~ 7"- * -1) I 0 I 7 8 L 7 r $; 3 6 $ $;' 24 mm rr! rm rrn 5 m m D 4 4 % (D C" 2 ;2 09 ET 3 =G 0 3 cn - ED 9 g s (3 CC (D b* 0 0 s h '1 cl U M M U I I n 0 I 71 sz r;m 3 :I $om $L z-l mm r-l 04 ru) 5 m 0 m 4 e C" 2 ;z nv 17 3 =G % (D 0 r rn - ED 9 ;5 s 0 )* CC (D 0. 0 fsd k '1 cl U trj M U I r 0 I t a e e+ Ddb. 236 PARCEL B: That certain portion of Lot 5 and of the Northwest Quarter of the Southw Quarter in Section 32, Township 11 South, Range 4 West, San Bernardir Meridian, in the City of Carlsbad, County of San Diego, State of Califor according to Unitsd States Government Survey, approved December 27, 1870, described as follows: Beginning at a point in the Southerly line of the Northwest Quarter of the Southwest Quarter of said Section 32, distant thereon, South 88O 41 ' 14" East (Record South 89O 12' 20" East) 990. 04 feet from the Southwest COI said Northwest Quarter of the Sauthwest Quarter, said Point of Beginn: being also the Southeast corner of the land described in Deed to Carl L. Bernhardt, et ux, recorded April 9, 1931, in Book 1884, Page 123 of Of Records; thence along the boundary thereof, North lo 32' 1911 East (Rec, thence continuing along said boundary, North lo 32' 19" East (Record Nc 56' 20" East) 73. 44 feet to an intersection with the'arc of an 892 foot rad curve, concave Southerly, a radial line of said curve bears North 6O 21' West to said point; thence Easterly along the arc of said curve 503.42 fe through a central angl-e of 32O 20' 11" to an intersection with the Northel line of the Southerly 100 feet of said Lot 5; thence along said Northerly 1 North 88 o 41' 14" West 491.60 feet to the TRUE POINT OF BEGINNING; .'. *, , , North Oo 56' 20" East) 100.00 feet to the TRUE POINT OF BEGINNING; PARCEL B-1: An easement, together with Parcel B above described, for the purposes of Elm Avenue construction and subject to limitations and conditions as hereinbelow set forth, as follows: An easement for slope construction and drainage purposes on a strip of land 75 feet in width, adjacent to Parcel B above. Said strip of land is described as follows: h The Southerly line of Beginning at a point in the Southerly line of the Northwest Quarter of the Southwest Quarter of said Section 32, distant thereon, South 88O 41' 14" East (Record South 89O 12' 20" East) 990.04 feet from the Southwest cor .% of said Northwest Quarter of the Southwest Quarter, said Point of Beginr being also the Southeast corner of the land described in Deed to Carl L. , Bernhardt, et ux, recorded April 9, 1931, in Book 1884, Page 123 of Official Records; thence along the boundary thereof, North lo 32' 19" Ea8 (Record North Oo 56' 20" East) 173.44 feet to the TRUE POINT OF BEG1 being a point on the arc of an 892 foot radius curve, concave Southerly, E radial line of said curve bears North 60 21' 15" W,est to said point; thenc Easterly along the arc of said curve 503.42 feet through a central angle of 32O 20' 11" to an intersection with the Northerly line of the Southerly 100 feet of said Lot 5, being the Easterly terminus of said line. The Northerly line of said Easement shall be extended Southeasterly to intersect with said Northerly line of the Southerly 100 feet of Lot 5. 2 '" i I /i - .,- .. '. . , "' )I . 5 The foregoing easement, designated as Parcel 8-1 is granted subject to the following limitation and condition: Grantors reserve for themselves and subsequent owners of adjacent land! on which slopes or drainage structures shall be situated, the right at any time to remove such slopes, drainage structures or portions thereof (a) 1 removing the necessity for maintaining such slopes, drainage structures portions, thereof, or (b) upon providing in place thereof other adequate lateral and subjacent support, the design and construction of which shall first approved by the City of Carlsbad of the County of San Diego for the 1 tection and support of said highway. 1 0 e @+a%b@-"b* a? 6 ** I .I t W W X a w n 5 6l J. I il TO 442 C (Partnership) @ STATE OF CALIFORNIA COUNTY OF L0s Ange1e s On January - 4 , 1968 7 before me, the undersigned, a Notary Public in and for said State, personally appeared } ss. $2 William S. Bartman - known to me to be one of the partners of the partnership ,,ZGP+~LD{ /r.iCdC that executed the within instrument, and acknowledged to me that such partnership executed the same. 2 Name (Typed or Printed) j,@j Can;miss;m Eqi:es 0c:ob.r 3, 1970 (This area for official notarial seal) ~~ ~. ". *Ik 1 l ' ' 0 a 6 a .. 1. RESOLIJTION NO. 1482 2 3 4 5 6 A RESOLUTION CF Tf-IEi CITY COlJNCIL OF TIE CITY OF CARJ,SEAD APPROVI?Y'G AXD AUTHORIZING EXECUTIGX OF ESCROI'; I.!;STRUCTIONS, ACCE?TIXG DEEDS, AUTIIORT ZTXG RECORDATIOX TiiERECl; , AXII AIJTi~O2IZIYG AND DTRECTI?!G EXEC\JTIQ?J 01" LETTER REGARDTNG COW ACT I O?! . The City Ccuncil of the City of Carlsbad does herel resolve as follows: 1. That those two Crant Deeds, both dated January 1968 and both 'sipled by Gernard Citron, flnrry J, I, Frank, Jr., and Ffib;'CO, a partnership, conveying la for the Elm._;A~r.e.nue "" exJension , are hereby accepted 3.1 \I I/ 12 13 behalf of the City of Carlsbad, 2. . Recordation of said 9eed.s with the Pecorder of 141 lG il County of San Diego is hereby authorized and clirec 15 I 3. Escrow instructions in regard to Escror.; Xo, C- being held at the Carls1:act Granch of Oceanside Fed 17 I I€3 1 Savings and Loan Association, are hercby a;Jproved executi.on thereof by thc City "hnager of t?le City 19 I' Carlshad on hehalf of t!!e City is hereby authorize 20 1 I directed. 21 4, T!le City !.!anager is !-lereby a.uthorized and dire to execute that certain letter, attached hereto Zr this reierence incor;>orated herein, regarding SIC; easemknts and the coc2acticn t3ereof and to delivr letter into escror; pursuant to the escrow instruci 22 23 24 25 26 27 28 P,?,C~SEII, :-?pr'!?J;;wn ~ :l?dD 43@?TE:! at a regular xectin; Ii 29 /I ~~~~~~~ 60 t1;e City Council hcld 1_1 9 196S, by the fo. 30 31 32 11 1 I/ .. .. i -1- .. ,. .. . 1. .. ‘I jl ”* . e. a , * 2 1.. vote, to wit: i 2 @* ~~~~~~~~~ a rrrQ ~~~~~~ 3 4 NOE s : !#%e@## c 5 A6SENT : W?%s 6 71 1o I 11i &&f,$pr E. AG/ANS /dd9L4d /q D~mYe- IlA?IT) ?,I. D’JXNE, !rice ?layor 8 9 ATTEST : 12 3-3 ?fARGAI!E? I;, ADA?.!TCity Clerk ‘I 14 /I 15 16 17 3.8 ‘ 19 20 21 22 23 24 25 26 27 28 29 , 30 31 32 I I ., il .. - 2- .. . .. .> -5. . 0 e, r 29BQ Pio Pic0 Drive itp of cart53 CARlSBAD, CALIFORNIA 92008 -February 7, 19G8 Telephone: (714) 729-1 18 I\Ir 6 Bernard Citron I4r 6 Iiarry J I,. . Frank; Jr 9713 Santa ?lonica Boulevzrd Beverly Iiills, California Cent lemen : F A?,: C 0 Nith respect to the two (2) slopeage easenlents ox Parcel 22 and the sloFeagc casencnt on Parcel 26, the City of Carlsbad here!,). obligates itself in consideration of the Grant of the subject slo~,ea~je easep7ents that all fill which will be placed in the areas. of t?le slopeage 90% or more and to €urr,ish you, the oxncrs * a re::ort e-cQ r~->~~tents will be coc\;:r?.ctcd. to a rcJ.ativc coxpact ion of prepared 11y a competent soii engineering Iiboratbry u;~on completion of the work to the cffcct that the fill witilin said easement areas con;)lies with said rco,uircr:\cnts Sincerely, CITY OF CARI,SR:!D City Flanager .. ...... a 4. a. c * i! v' 1 I ~ j I i ~ i i I i i STATE OF CALIFORNIA, ) ~ COUNTY OF SAN DIEGO ) ss. Margaret E. Adams I, ..... 1 . ................................. City Clerk of the City of Carlsbad, County of San Diego, State of qaliforni. hereby certify that I have compared the foregoing copy with the original ...Reso-l.u.i.on........... passed an adopted by said City CounciI, at ...a .... r.e.g.u.).ar ........... meeting thereof, at the time and by the vo 1 e there: stateiI$iwhich Original ...... RSD.l.U.tj..O.n ....... is now on file in my office: that the same contains a full, trt I .. .I..... (I ~ ...,. 'V. ..... ~a~~.~6rre~~~~~?~scr~pt tlmdrorn and of the whole thereof. .- . : <.'I Y ., * ,,?! p r -" , .$C, , . f:. . @* I .... .\Vitl&s ln$&n+and the seal of said City of Carlsbad, this 1.9.thday of ........... f-e&ua.ryr .... J.968.. ',:;?':T>:,<, , ,, , ..; I I ., ."I ', ' . . :.. , ,~., , . :, .-;: .^. ' , , +-. , i I I ',. ,,..,/. ' ,/ .,. , 1.., ' . ,A,,,. ' , , . .*, ,. ,, I..".. - . ., I' 6 v,<,,,, ' I ' ... .- ", * j ... (sl AL..'. ,' *,kc ., ; ;'; ': ;' .h;% y( . x!. .4& !&&. A,-.@ .......................... d i *: , *, , '. 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UB dq paU!ElJaXB 3q p[nOJ q3!qM Xlq SpJOJaJ qqnd Jql hq UMOqS IOU aJE qJ!qM SUJ!E[> JO ‘SlSaJalu! ‘Slq%!J ‘SIJEJ huV ‘z TpJOJaJ qqnd aql dq JO kJadoJd 1ZJJ UO SIUaUJSSaSSZ JO SaXBl Sa!AJT lEq1 k!JOqlnE %U!XEl dUE $0 SpJOJaJ aql hq Sua![ 8U!lS!Xa SE UMOqS IOU 3s q3TqM SIUaWSSJSSB JO SaXBL ‘1 HNO LXVd fl B’Ifla9H3S a e It cBLThQR$iIh t,heKD 'TIfhE A%j~~I,&il3~~ ST,&k;CbLRD czVEK&<jE f2<3LEcY ** 2563 9c:t-tEpuLE A D 3 \* 2 < y ;?$ c * c 8715E4. &,;+;CU#T t $.PB,&Zi;l*03 ,3)qqvF'j t N3SrSIj EFFECT$I,fE EIAT:EF FEEBtJj3+,RY 27, 1558 AT. 5gOG Aa @!e I iY.5URED CITY QF CARLSPAQ~ C~ALXFOR~A, A wuNrcwILaL CORPURATIGF~ l* TITLE 70 THE ESTATE OR IR'TEHEST COVERED BY THIS F3kfCT AT' THE DATE k,fER"F I5 VESTEQ IMo CITY OF C:ba.WL$BJ%Dt CALIFOWNIA? .& MG%I€IPRt CGRPOWATXQN I. 21 THE ESTATE QW IRTFREST IN T;-tE FANG XSCRXBED 0% WZFERRED T9 I& SCHZDULF: C C:r3VEWEB E'P Yt.il$ ?3tl€Y IS A FEE A5 TO PARCELS A A$& $* A& EASENEFJT A5 TO PARCELS "4-1 AND 8-1r 5CtECUk.E i3 Tt?IS POLICY DCES ?+JOT INSURE AfAfNST i"r355 OR DAl%4GE 8Y nEaSON OF THE FGkJy& f $$e * PAET 03fE Ft.i..t, MAT'QZZS SET &$wTk; 1% PAi?ACR,lPHS ?:.Uf4i$ERED 1' T.3 ij I?iCtlJ,SlVE C2>4 THC c ItisiQF CO'GER StiEEf OF TbiIS PeLlcj' tJNQEK TkIE #%&$~~~~ SCeELcLE 3 PA2f QNE * p Ai; If f $;o 1 ~ T+!S 9, XGWTS f~ti: Ti-jE pu31, IC fG USE A:$y PQgT g c& QF SAID LANO THAT LIES gI"PraTp3i ANY pt~i3,tl~ STREET ~2 ~-~~cH+J.I:RY 2, TjjE FG&L*@&fFiG Lx%.",I?BT!ON CIk9 C3NCITTCN APFfCTS?;G PARCELS $1-l AND 6-5* CBRTAfMED fP! THE Li;C%C.$ FiiDt4 8EtRP;ARC CXTR3&* ET ALt RECORDED FE&RUARY 27, 3958. - rjfiAhTf>RS FfSERVE &OR fi.JEi.:$~~~/~~ &:.i> ><[;&E?$JEh;T ()i$&gG$ OF ADJ,&,CE$,sP t;fr$CSa <Jf,i +Ji;IC+< StQPE.5 QK >qAl>iA$E SiRUCTQ?<E$ SMA&J,L 5jE -fI7U&,fEi>, -r : kt..-. . r7 2 5 $:-fT &T F,Ny Tf;.;E TO i"i"?.""'bf' stjcg SLpES 9 DgA 1 i;'tj%,GE STRUC:T$J,1KES 1,. .'I L. f^.iR $2c>;,RT 12?$i TXE.REQF "4- 5 j,,,, ':4,Tth! Kt:vi.Jbfl:<G ?'-ha"' THE XECESSE'IY FOR {<A~?~YA~$kI{{G e315P4 PAGE 1 #& StJCE SLQPES!, DRAi?iiAGE STWUCfUT<;:ES GR P$RTI8?<,’5, TMEREQFs BfT -3- wcv; mxxqzr~<~ gd PLACE THEZEC-F .C)T~~K ADEQUATE LATERAL AF~B stJe.mxPu SUPPORT, TEE BESKI’.; .4m COXSTWCTICN OF +IHICH S~LL BE FIRST APP2;ZOVED EY fEF CITY CF CARLSEA3 OF Vk{E COtf&TY CF SA:; 3 r ESO FQR THE PRBTECTIDM ~$;rs SUPPORT OF SlarB 1.31 GP;,WAY. .. - i g7p5c4 FA..: 7. .. .- r. - L m 0 * 4 %. .e K.~;-?~rJ!~~~ c TME &A>.jL;c AK,'FERRf23 To lr$ fk.{15 :''GLIcy 2s ?$-C.~*"TT"~ ,j~uh,r.: d ~.-3 A5 FQj,tQk;S t ( 3AGCE'L d 4 f?EQ.E&'y:.fNG AT ta-;E AED".JE ~ESC:R~~E~ T:2lJz PQ',:,;T OF 5EGIN&f;$G4 fbEKgE At,.@:$ T3g SOi.jT&g LINE OF 5A.19 t,$T A;@ SAID $,EcTIQ;; St+j(jr~ tj:ga34'31** F'A,ST I 4&,EC FEET$ "TZFiCE LEAyf;;G $$&ED SQiJ'Ifi LIME, ?<QRTH 3%032'55" EAST SToR.? FEET& T).tEidC:E t$d=;%TM 3&o3?#li** EAST 4613*&4 FEET TO A POt?GT XK THE 5657 LINE GF sA\'I3 LOT ?, A&$ sal:'? $ECTjQ& 31% TEENCE -4L3h$G $&ID EAST tI:"iEz k<QRfi.: 1'332'19@# EAST 39+65 BEET; TMEE.:C:E ALO&:,G TbiE u zCUffiEk$TEgtY LIME CF PARCEL &, Af?icvEr ~~.~ffi ~&Q~~'X~f~ UESP 1+95&5 FEET To THE ~E~ff<NIN*~ Qp W PRsGfi;JI io42 FOOT BACfif5 fijRVE9 f:ZW<AVE, N~WT~j&ES~E~~'f; T++ERC% S~~~~~~ESTERLY ALOMG THE AKC OF SAID CURVE, 15.32 FEET SF.IWOLrGW .4 CEfqTRAL ANGLE 3F JF(PG7t50.M TO TEE 7RUE 202NT OF f3EGfi%MING, b'XQ ALSCt &,;q EASEy$=JiT FQR St@T"E Cg.:S-$-gg~TI@-$ AN5 Q;if??I;.ij$<..;;c, ?L)RFOsES tYIl"r.5 Pdf.JRTI+ZESfERLY OF .q:iz ASJACENT ffj Pfi-RCEL & LIE, XSCRl8ED AS FBLLi)%Sa $71554 PASE 3 e I. - ?Al?c,?t. 8-lt AT4 ~~f.!.$~f{~~~~ Fag, StQPE CQWST~iJ~;T lo& ,4,M% DRw 1 NAGE PfJRP3seS of$ fi, STRIP BF t&,$ja 75 FEgr 1% WIDfbi &SJhcENT Ta PARCEL 5 As0i4i"l. T;4E souTnERLY LIME i'F SRXD $TRIP 15 DESCRIBEC AS FBCLO$Sir ~~$INN~NG AT a f;OXNf IPi ?'RE SCutt-iEqL)' tT%E OF THE j*;r3RTH\+!E:L;T QUARTER g~ flw;~ SOUTt+gFSr GUARTER OF sa13 SECTICM c3z6 UXSTANT f~.EREO%* $$CJ?;t 3804pg14.ff FAST -2ECCRD SCIv!,jfH 89QI2'20 EAST- .. cr7i5eq 1. ,-.- 3 :. -. %Y i r.i 'd :- L?, - ,. ., d e e ,- g9G3.,Q4, FEET F;?$${ TifE SQ;jT#+iii;'EsT CSRI.;E;;: 3F ~Afs >;DRTt-j$$ESf GWkR'fER OF 7WE SOtJTI-S%EST ICaL!P\Rjt:ct SASS FSlNT OF f3ECINtilhG BZIKfj 4k5-3 T1-I;: $@JT;dSWST CfaS:NER OF TWE tb~$i":'3 D~~~~~~$~D I ci DEE2 TO CAr<L L+ bE%&dARDTy ET UX, i?;ECi>RDED h.Pi?.IL 23 1(33tp Ii\3 BQ@K 1684% "1 PACE 123 OF {JFFftfI At %:EfQf4:t:-S1 Tk-iE&CE ALCNG ThE ijOU&.;DARY SXE3EOF, P.jQRT& %"f32'19" EAST -F,EcaWD r(DgTs 605&~2~;." EAST- 33'3.42, FEET TQ THE TfigE PI~X$$T cF EEclGF:fhG, +Ef;:.;G A PaTI<P .t;.& TH-J;E ARC ce df4: 2@$ $&y gi@J ft'g ,pj&g, ffi.&fht&lZ !&qyg2Ly ~ A R&lfiL L!!g ac .11 9' $&'I3 GG';qVg aE&,A$ ;dOr<Tf+: sjb2~115~! kEST 1;G ?,A ID POfNT; Vt;ENCE EASTEF!,.Y A.l,,&ING THE ARC GF SAID CSJRVE 503*42 FEZT TMW@ilGLI A {EKTRAL ANCtE OF 32@2Gl13+- TO A& X%TERSEGTION ttdITH THE N-OR7FiERt.Y .. . L.lt4E OF THE SOUTHERLY 200 FEET OF SAID LQT 9s BEf&G THE EASTERLY '. ?EKMNtJ% OF 5Am LINE* . THE NORTHERLY LINE OF 5.419 EASZ%E'NT SHALL 2.E EXTehDED !?jQUTME&STEStY TO IbiTERSECT UIVW SAID NORTMERLY LINE eS& THE §GUiHERlV 100 FEET CSF LOT 5w 871584. p&+Gc 5 4.. .. <' ' * ::, W dv - - dq CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) rht Company in regard to the subject matter of such action. proceeding or matter shall cease and terminate; provided. however. that failure to norify shall in no case prejudice the claim of any Insured unless the Company shall be actually prejudiced by such failure and then only tn the extmt of such prejudice. (c) The Company shall have the right at its own cost 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 of the estate or interest or the lien of the mort- gage as insured; and the Company may of this policy whether or not it. shall be rake any appropriate action under the terms liable thereunder and shall nor thereby concede liability or waive any provision of this policy. mits or requires the Company to prosecute (d) In all cases where this policy per- or proceeding the Insured shall secure rn or provide for the defense of any action it the right to so prosecute or provide tle- fense io such action or proceeding. and all appeals therein, and permit it to use, at its option. the name of the Insured for such pany the Insured Shall give the Company purpose. Whenever requested by the Com- all reasonable aid in any such action or proceeding, in effecting settlement. securing evidence, obtaining wirnesses, 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 paragraph 4( b), a statement in writing of In addition to the notices required under 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 determined. and no right of this policy until thirty days afrer such action shall accrue to the Insured under statement shall have been furnished. and no recovery shall be had by the Insured commenced thereon within five years afrer under this policy unless action shall be to furnish such statement of loss or damage. expiration of said thirty day period. Failure or to commence such action within the time hereinbefore specified, shall be a con- clusive bar against maintenance by the In- sured of any action under this policy. 6. OPTION TO PAY, SETTLE OR COMPRO- The Company shall have the option to Pay or settle or compromise for or in rhe name of the Insured any claim insured against or to pay the full amount of this policy by the owner of the indebtedness policy, or, in case loss is daimed trnder this policy, the Company shall have the option secired by a mortgage covered 'by this chase, payment or tender of payment of to purchase said indebtedness; such pur- the full amount of this policy.' together u.ith all costs, attorneys' fees and expenses which the Company is obligated hereunder Company hereunder. In the event, after Io pay, shall terminak all liability of the notice of claim has been given to the Com- MISE CLAIMS pany by the Insured. the Company offers the amount so paid shall be deemed a pay- to purchase said indebtedness, the owner of ment to the Insured under this policy. The such indebtedness shall transfer and assign provisions of this paragraph numbered 8 the same to the Company upon payment of indebtedness secured by a mortgage shown said indebtedness and the mortgage securing shall not apply to an Insured owner of an the purchase price. in Schedule B unless such Insured acquires 7. PAYMENT OF LOSS of said indebtedness or any part thereof. title to said estate or interest in satisfaction (a) The liability 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 loss insured against by this policy, gation carried on by the Company for the dl costs imposed upon the Insured in liti- Insured, and all costs and attorneys' fees in litigation carried on by the Insured with the written authorization of the Company. he maintainable under this policy (I) if (c) No claim for damages shall arise or the Company, after having received notice not excepted or excluded herein removes of an alleged defect, lien or encumbrance such defect, lien oc encumbrance within a or (2) for liability voluntarily assumed by reasonable time after receipt of such notice. the Insured in settling any claim nr suit or (3) in the event the title is rejected as without written consent of the Company, unmarketable because of a defect, lien or encumbrance not excepted or excluded in this policy. until there has been a final determination.by a court of competent juris- diction sustaining such rejection. (d) All payments under this policy. ex- cept payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance. pro tanto and no payment shall be made without producing this policy the policy be lost or destroyed, in which for endorsement of such payment unless case proof of such loss or destruction 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 thtn such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insurd, except to the extent that such payments reduce the amount of the indebtedness secured by such mort- gage. Payment in full by any person or voluntary satisfaction or release by the In- sured of a mortgage covered by this policy shall terminate all liabiliry of the Company to the insured owner of the indebtedness secured by' such mortgage. 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 rtferrcd to in Schedule B hereof or any mortgage here- charge or lien on the estate or interest after executed by the lnsurrd which is a described or referred to in Schedule A, and 9. SUBROGATION UPON PAYMENT OR a claim under this policy. all right of sub- Whenever the Company shall have settled 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 shall be subrogated ro such rights and cover the loss of the Insured. the Company remedies in the proportion which said pay- ment hears to the amount of said loss. If sured. such :~ct shall not void this policy. loss should result from any act of the In- hut the Compmy. in that event. shall be required to p;~y only that parr of any losses ceed the amount. if any. lost to the Com- insured against hereundrr which shall ex- pany by reasun of the impairmenr of tht right of subrogation. The Insured, if rt- quested by the Company, shall transfer to the Company a11 rights and remedies against any person or property necessary in ordtr to pc-rfecr 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 rcmedies. debtedness secured by a mortgage covered If the Insured is the owner of the in- by this policy. such 1nsured.may release or debtor or guarantor. or extend or otherwise subsritute thr personal liability of any modify the terms of paymenr. or release a portion of the estate or interest from the lateral security for the indebtedness, pro- lien of the mortgage. or release any col- of prioriry of the lien of the mortgage. vided such act does nor result in any loss 10. POLICY ENTIRE CONTRACT that the Insured may have or may bring Any acrion, or actions or rights of action agains: the Company arising trut or the status of the lien of tht mortgage covered by this policy or the tirle of the estate or interest insured herein must he based on the provisions of this policy. No provision or condition of 'this policy c3n be waived or changed except by writing by the President, a Vice President. the endorsed hereon or attached hereto signed Sccretary. an Assistant Secretary or other validating officer of the Company. 11. NOTICES, WHERE SENT All notices required to be givtn the Com- to be furnished the Company shall be ad- pany and any statement in writins required dressed to it at the office which issued this policy or to its Home Office. 433 South Spring Street, Los Angeles 54. California. 12. THE PREMIUM SPECIFIED IN SCHEDULE A IS THE ENTIRE CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. SETTLEMENT - - -e -, _-- ~ "rod HcreJ a- L9's 200' OnrrWJ of or- &&a&,; fl, P & .~4QMh 04 he YO,/ .:*x,#-,/ .'?W ~ZOS~ c~meqj /j -I/ece.movy A we/ 5&wm,J 2 se mHk- '. 3-5 w hw..by* ded& 7t $a+~/~- - c 6 G.3 -e . \2 b#/d&- ,h* p. c kwr 04 Lsa/a my5 H,&,- rb/L/ .: \a * -* - SCQ/ tt.j +sf(zkjpm/ t%&4@a ~"_ __ _" J / .f jGi+ -/ * L 7 T-A/-- 2 c1 It u-7. ." - - - Jc+re/ " h- L \. 4 J r AG,++=~ ,7,~.4eq Amwhw'e~e~>/ 6 m. 4 ;h/Ff ~e */~u~~~~+~~ z. g ;mi, A/ &7mlk&f onid &97,/4?x&9 q$e,&d .. "J-& 1 !,L+L" " &i9;lkma 2 &e/&5&f&f r_, i. dtA :a*, - 6 t I%? A- -J-cmk - - - - -..-oeB a rnd? b ,"q xf% mzyfh . I/ fired Campy. .* .. c .- c .. I #