HomeMy WebLinkAbout; HENRY MAYERS INVESTMENTS, INC.; 99434; Easemente
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RECORDING REQUESTED BY
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AND WHEN RECORDED MAIL TO
r 1 City of Carlsbad
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. "Ca1 ifornia '92008
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SPACE ABOVE
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RECOR.,,ED REQUEST OF Til\[ \t$$kF,#CE 8 ?%%I a. Ju$, 14 9160 ?& '68
SE@ 9 BGOK 196* off\C\AL RECORDS
SAN D\EGO COUNTY, CALIF*
R s. GRAY, RECORDER No FEE THIS LINE FOR RECORDER,^ USE -
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In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto,;a&-this inst&
ment to be executed by its President and '. . ' Sekretar:
thereunto duly authorized.
Dated: March 22, 1968
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j~ .. r. . HENRY MAYERSAANVE!ST,M,ENTS ,I I NC I-: ': 1- <. q, , . ~ , .' ,,'."' - j-J . ' .'" I ,, . $y-y.. .. ~ . . I ' STATE OF CALIFORNIA } ss. BY COUNT- OF San D i ego - A. T. Howard-Jones . ' ~-::Pre.siden
On (4-3-69 before me, the under- By l.., . ,
signed, a Notary Public in and for said State, personally appeared Secretar A. T. Howard-Jones . -.. , known
to me to be the"." .-L<.. ...-. . President, and
- known to me to be
Secretary of the Corporation that executed the within Instrument, known to me to be the persons who executed the 1 ,/9%%.%, Lb..LL'P G. SCMR&QER ; within Instrument on behalf of the Corporation therein named, and acknowledged to me that such Corporation executed the within Instru
rnent pursuant to its by-laws or a resolution of its board of directors. i st., L:.". r:::.?''~ .. ,y PR!NCipAL CFFiCE 1il i
WITNESS my hand and official seal. I
Signature ,II"IIIUlll"llll(lll,,,,,,,,,,,,,,,,,~,,,,,,,,,,,,~,,,,,,,,,,,,,~",",",,~"",,,~,~,,,,,,,,,",","~,,,,~,~,"~,",~~
fm lirnllllrn"llilllllllllill1lm(nnlllnlllil,,,,,,,,,,,,,,,,,,,,~,~,,,~,,,,,,,,~,", ........................... ",,,"""",,"~- 0 $ $&=&&. NOiA;{'/ PusLIc . ~pp~xf.11~ i
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f:ry &OiXmlSS:On L:i{3li2S wc,cber 18, 196% ~a.me':I.TypeB,~r~~~~~ y3iiiornia (This area for official notarial seal)
Title Order No. Escrow or Loan No.. c-594
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ALL ,THAT PORTIGN.OF'LOT 31 OF PATTERSON'S ADDITION TO THE TOWI.I
OF CARLSBADr 1% fS-(E Cff'! @c CARLSBA3s I& ?HE COUNTY OF SAhi
DIEGO+ STATE OF CALIFORNIA, ACCEIRDING TO NAP THEREOF N3* 565, - FILED IN THE OFFICE OF C0i;KTY RECORDER OF SAY DfEGO C:OUN?Y,
SEFTEgBER 229 18889 DESCRIBED AS iOCLOWSt
fiEGI_'NF.,l;IING AT A POINT' CPI ?HE CENTER LIME OF VALLEY SVREET*.DISTANT
JHEREON N3RTI-I 34°G2'1Sn 'IJESTo 1 RE-CPRU NORTH 34Q33@ NEST -
55!&52 FEET FROM 7Hf INTERSECTION 3F THE CENTERLINES OF SA!D
VAtLEY STRE€T AM13 OAK AVENUE, SAID P3INT OF BEGIHNXNG BEING
THE SOUTHWESTERLY CORNER 3F TEE LAND CONVEYED BY $OUT8 COAST
5jATE3 SEPTEMBER 229 19301 RECCWDE3 SEPTEMEER 279 1930 IPd .€3GOK
18149 PAGE 327 OF i?EECS% TWEhjCE 9tOi6G THE SOUTHERLY LINE OF THE LAI'.IE 50 CQNVEYED TO STROCK9 NOTiTH 55053''59W EAST - 'RECQ;ID
NCfKTH 55"2Y9 EAST - 864e32 FEET TO A POINT'ON THE'CENTER LINE'
OF CAi.l'f3N STREET8 THENCE ALCNG THE CEMTER LI-NE OF CANYDfa STREET,-
SOUTH l.8Q55913w EAST - RECORC SUtifW i9O'Zb' EAST - 142937 FEET -
TO A POINT C?4 TiiE ARC Of A 1042 FOOT RAOfUS CURVE, CONCAVE
NCRTWWESTERLY A F?ADI.AL LfRE OF SAID CURVE 8EARS;SOUTH 35'424l
OF SA13 CURVE9 269007 FEET ?I?:RC;UGM A CENTRAL ANGLE OF 14°50'2fw&' ii.iET:!CE "jANGEN.7 TO S,J%I[B <:tJf?L/E, SgGTH 59"25'54n i$ESTs. 224.66
LAh!Q CrSMPANY TO CARL G, STROCK. AX0 BLANCHE De STROCK, 8" DEE@
27* EAST 76 SAX2 POINT8 THENCE 53UTHWESTERtY ALOM THE ARC
FEES; TQ THE. tlEGfNMi;$f: 3F A Tb.,h:GENP 1158 FOOT RAD!tJS CURVE@
COrYCeVE "!THEASPERCY i fFfEr?,!fE SOUTH~~ESTERLY ALuNE THE ARC of - SA:D CURVE 27fs8E FEET' THR3LliSH A CENTRAL ANGLE OF- 13026fS5";
THENCE TANGENT 70 5.42.Q CURVE9 SOUTH 55*58'59'' WESTS 41.51 FEET
TO THE BEGI.NNING BFA TANGENT Pi) Fa07 RADIUS CURVE+ COhiCAVE
FEET THROUGH A CEN'fR.?Ai. ANGLE OF 90QCIo 1.4"s IPENCE 2ADIAL 70. EASTERCYO THEhlCE SOUTHERLY ALONG TYE ARC OF SA10 CURVE9 15.73.
SAID CURVE SOUTH S5457645" WEST9 30~C0 FEET 70 A POINT ON SAID
CENTER tIF4E .OF VALLEY E,TREETs THENCE ALONG SAID CENTER LINES NORTH 56Q13243.5" WEST * RECORC NORfF; 34032* WEST - 37.052 FEET
TO THE POTNT OF BEGINNING.
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EXHlBlT '[Bri
PARCFL 2% t
AN EASEMENT FOR .SLOPE CON57RUCtTOM PURPOSES, S3El[%G A STRTP
OF LA.litD 22 FEET EN-WTDTII 3VER k P.O?TION.OF LOP, 31 OF PATTERSOh!'.S
A3DIfiON' TO THE TOWN OF CkR.iSBAD9 TN THE CITY OF SARtSBADs I*%.! T.yE* r3:Jr>;TY 9c 5,4q '),P'E5Cs SyaTE y= cAi..fF3Fy!C; $:r---r?~:~!$~~
-F ,: ,-, .> p<AG '*E":E.;" y-, ~ .5C?,$ .- I. ~ , ' , ,. "? > ',, p, ":T :-.e ... 7 ,- " p I_^ y .n,: . .. , v r-: z _c ,. r;, f-. ,-* r, , i "4 z .,-: r- r . : . 2. ., c . .,.,,.,.,, li : r 3%- .; 'L'!.:.': 5
3HiL ..,,L..Cii.; '. ..J"'Y. YS 3kP"rEMBEF 229 :$Bet 'IF€ !mRTH&ESTERLY
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,y rcb. ':~~pc.- rqt!a\~
LINE OF SAID 22 FOOT STRIP BEING DES.CRI6ED AS. FOLLOWS: :
BEGINNiNG Ai A POPIUT ON THE CENVER LINE Of VALLEY STREEPP GISTAN?
THEREON, NORTH 34O02'15" HEST - RFCORD NURTH 34033p WEST a
283830 FEET FROM THE INTERSECTION Of THE CENTER 4INES.OF SAID
VALLEY STREET ARD OAK AVENUE SAlO WENT OF OEGINNING BEING
THE MOST :.t'ESPEKLY CCIRNER OF ftlAT TRACT' OF LAND CONVEYED 6"
SOUTH COAST LAND COMPANY TO BEN fe BEMLER A&D LOUISE DEMLERc
BY DEED DATED AUGUST 149 1928 AND RECORDED IN BOOK 25409 PAGE
212 OF DEEDS8 THEfVCE ALONG SA12 CENTER LIRE OF VALLEY STREET,
PiORTH 3S"(32s150p WEST9 - RECORD MORTH 34"339 WEST -- 20fs70 FEET
TO A pQINT-ON SATU CENTER LINE DtSPANT YtSEREON SOUTH 34"02'P5* - EAST$ I). RECORD.SOUTH 36.633' EAST - 37.52 FEET FROM.THE SOUTHWESTEF
CORNER OF THE LAND CONVEYED BY SOUTH COAST LPND COMFAMY TO
CARL rj+ STROCK AN3 SLANCHE Da STROCK* %Y DEED CATED~SEPTEMBER
22, 19399 RECORDED SEPTEI4BER 27, 1936 IN BOCK 18'L4* PAGE 327 Of DEEDS8 ?H€NCE LEAVING SAID.CENfER LIRE .AT RlSHT ANGLES T,YERETOI
MORT!+ 55"57s45" EAST, ?GIGO FEET TO THE TRUE P'jS.INT OF BEGINNING
BEING A POINT IN THE N6RTEEASTERL.Y LINE OF' SA!D \jA.i&EY STREET
SAID P38Nf BEING Oh!* THE ARC OF A ,LO FOOT RADIUS CURVE^. CONCAVE
EASTERLY, SAID"LAST MENT9IGNED COURSE SEING R.4CIA.L TO SAID CURVE;
A cEh!Tf?AL ANGLE: Cf 290*01 'i4uF THENCE TANGENT- TO SAIC ZURVE9
%OfiT!-i 55*58'59'' EAST# 49.52 FEET TO THE BEG.INMING OF A TAMGENT
1158 FOOP RAiTItJSCifRYE, CONCAVE SOUTHEASTERLY$ THENCE NORVHEASTERL
ANGLE OF i3*26@55w8 THENCE TANGENT TO SAID CURVE, NORTH tj9*25'54n
EAST, 234r65, FEET TO THE BEGINNZNG OF A TANGEhr 1042 FOOT RADIUS
CURVE 9 CONCAVE %ORT'HWESTERLY 5 fHEr\lC€ NORTHEASTERLY ALONG THE
ARC OF SA19 CURVE, 9Sr87 FEET THROUGH A CENTRAL ANGLE of 502983Qfl
T3 THE NORTHEASTERLY TERMINUS OF SAID LIMEI
THENCE NORTf-iERtY ALONG THE ARC 3F SAID CURVE, 250'71 FEET TMRCLJGH
ALONG THE ARC OF SAID fCURYE, Z7LeS1 FEET THROUGH A CENTRAL
/-
e c & +5c30
EXH 18 IT "C"
:.>$?. p.C E e_ 3 e
AN EASEMENT FOR SLOPE CONSTRUCTlOti PURPOSES BEING A SfRIP 3f
LAhD 70 FEET fN WIDTHI OVER A POR?EON OF LOT 31 OF PA'TTERSON'S
~~ ,
ADDITION TO THE TOWN GF CARLSBAD, IN THE COUYT'Y OF SkN DIEGO9
STATE OF CAtIFOR&IAs ACCURZING TO MAP ?HEREOF MO, 5559 FILED IN THE OFFWE OF COUNTY RECORER OF SAX CrEGc COUNTY, SEPTEMBER
ZZ~ 18a8,ji-i~ NORWESTEFXY trx OF SA:D 70 FOOT STRIP BEING. DESCRIBEb AS FOlL0ki.5~
I BEGINNING A'? A POINT 3N THE CENTER LINE OF VALLEY STREET, DISTA,NT
THEREOQJ, NORTH 34Q02'i5'' NEST - RECORC NORTH 34033' WEST -
283r30 FEET FROM THE INTERSECTION OF THE CESTER LINES OF SAID
VP.LLEY STREE? AND GkK AVENUE SA20 POINT OF BEGIM'flING BEING
THE MOST ME'STERLY CCR&ER OF THAT TRACT OF LAND CONVEYED 3y
SOUTH .CClAST LAND CCM?ANY TO BEtG E. DEMLER AN5 LOUISE DEMLER,
8Y DEED GATED AUGUST 14, 1928 ARD RECORDED fPa BOOK 1540s PAGE
212 v ~EEDS~ VHEF.ICE ALONG 5473 CFYTER L.Ir;E OF VALLEY STREET,
h'''r?TH ll%l,.. 'j.&Gill2 9 J5R A: 5.7 $ - ;."=C3?f: pi;2&!T~ 34033 * 2;FST - 2CT,7;; FEET
9c A PQIN: ON SA" ,.,-; CENyEP, LIftiE OISTANt T;qRg&j sou-y+ 3r("C2?15'*
EAST, - RECORD SOUTH 34033' EAST Q 37.52 PfET FROM THE SOUTMWESTE!
CORNER OF THE LAND CONVEYED BY SOUTH COAST LAND COMPAMY TO
CAgL GB STROCK AND'.FILANC:HE D. STROCK+ BY DEED DATED SEPTEMBER
22* 19309 RECORDED SEPtEvBER 239 1930 !N BOOK 1814, PAGE 327
Of DEEDS8 THEaijCE LEAVXNG SAID CENTER LINE Ai RIGHT ANGLES THERETO
MORTP~ 55"57*445" EAST? 30.00 FEET TO A POIN?' 1% THE NORTHERLY
LISE OF SAiD VALLEY STREET SAID POINT BEING ON TtfE ARC OF A ,
COURSE BEING RADiWL T2 S3.19 CURVE8 TffE'iCF NDRTXERLY ALONG THE
ARC OF SAID CURVE, 15ri'I FEE' TY-IE3!;Ct.I 3 CT'dTRAL ANGLE OF C;OcOl'14
'T'rlENCE TANGENT Ti) SAID CURVE, NORTH 55*58'59n EAST, 41r51 FEET
TO TEE BECjNNING OF A 'TPNGEaT 1158 F30T RADIiJS ,CURVE* CONCAVE
13 FOCT zmws CURVE, C'ONCAVE EASTERLY, SAID LAST MENTIONED
_. SOUTHEASTERLY8 THENCE NORTHEASTERLY ALONG TtfE ARC OF SAiD CURVE,
', 271r81 FEET THROUGH A C.ERTRAL ANGLE GF i3*20'55"$ THENCE 'TAXGENT
TO SAID. C.UR'\IEq Nr3RTH 69°25t54ff. EAST, 214856 FEET T-O THE BEGIi4NING
3F A TANGEN? lo42 FOOT 2ADiUS CL'RVEs CONCAVE NORTHWESTERLY8
THENCE NGf?iHEPSTERtY ALONG THE ARC OF SAID CURVE, 98.87 FEET
TtiROUGi-j A CENTRAL ANGLE 3F 5029p30" TC? Ttif TRUE POINT OF BECriMNIN
THENCE C3NPIN~INS'~ORT~ERLTERkY 'il)\NG THE ARC QF $Ah9 CURVEP
1N THE CENTER LINE OF Ck&VON STRgET, SEINC THE N0RTHEA;STERLY
TERMINL'S OF SAID tZ%E*
170.03 FEET Ti-IROLIGH A CENTRA'?, &,?4GtE OF 9'J20'5Zw TO A POINT
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CXRTIFIC4,TF: OF ACCEPTAHCE
Thi.s 3.s to r,nrt,ii.fg 'i5at tb.2 i*l;ersst in real property
conveyred by L- r-4 N 1 De e4
'-dated /y+t-& Z^Z, l'?Cf, fvrn /7/e,vpy ~4ym-s r~ti~:~z~~~x T.,
oration and/or governmental agency, is hereby accepted
by ordv of the City Council of the City of Carlsbad on
the 7 day of M by, ['76 g7 , and %he grantee consents
to recordation thereof by its duly authorized officer.
DATED:. &,, R e -4 1 2 91; g'
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, to the Ct-k.v r?f "2.: ',"hx?, a Dolttical CQTP- '
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~ , =N -.. CITY OF CARLSBAD J .~ ..
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OCEANSIDE !@ERAL SAVINGS AND LOAN /ISSOCIATION
-
The City of Carlsbad
2960 Pi0 Pic0
Carlsbad, California
92008 -
-
-
Carl sbad "_""_"__""____""~"~"""".."~~""~~"
Address ..-p.~-.o*..Bo-x..~-~.27-
____..__________________________________-.~- Ca Car 1 sbad
Date ~&!nS---!4~-1968 _____ _____
Escrow No. -..!?.59!! __________ _._____
In connection with the above numbered escrow, the items listed below are enclosed herewith:
Escrow Statement in duplicate.
Receipt for balance of funds per estimate,
Insurance Company Policy No. Amount of Coverage Expiration Date
Recorded documents to which you are entitled will be mailed to you by the County Recorder. Any other dor
to which you are entitled will be sent you as spon as they are available. Title and Fire Insurance Policies,
are usually held by the party holding the first encumbrance. Paid Notes and Trust Deeds are held by the T
COUNTY TAXES ON REAL PROPERTY BECOME DELINQUENT AS FOLLOWS: First installment after Decem
and Second installment after the following April 10. If Buyers do not receive a Tax Bill one month prior i
uency date, a written request for same should be made to the County Tax Collector; include legal des
Where lenders impound funds for 'payment of taxes, they usually secure the Tax Bill. Some cities and
collect their own taxes, which may have different delinquency dates.
Further information covering the loan involved will be forthcoming from the Lender.
Our files indicate the following:
A payment on the loan(s) of record is due as shown below:
AMOUNT DUE DATE IN FAVOR OF (Or held for Collection by) ADDRESS
We would appreciate your change of address, if any, on the enclosed copy of this letter which we requesi
sign and return in the envelope provided.
Please call on us if we may be of any further service to you at any future ti
RECEIVED THE ENCLOSURES:
Thank you,
OCEANSIDE FEDERAL SAVINGS AND LOAN ASS0
By - ___ - - ___.________ __ - - - __ ____________________ +"Yd (Mr .) La1 ly Schrader, Escrow 0.
""""""""__"""""""""""""""""""""""""""""""
Date __ ________________________________________-----.--------------------"--
E9A WP 10M - 4-67
E-ld WP - !EM - 4-67 PLEASE THIS STATEMENT FOR INCOME TAX aik OCEAN DERAL SAVINGS AND LOAN AS @#@;&
ESCROW STATEMENT Carl sbad BRANCH ...........................
City of Carlsbad ESCROW NO. .................... c-594 STATEMENT OF ....................................................................................................................
ADDRESS .............................................................................................................................. 2960 Pi0 Pic0 Carlsbad, California 92008 TITLE CO. NO. ................. 876499
PROPERTY .&l.tl.CX.l__._ A.,.B.,...s.l.o~J.e...Easement .... of .... 22. ..fe.e.t .... i.n...w.i.d~.b. etc. DATE .J.Un.e....!.4.,....1.~6
Debits - Paid Outside of Escrow
Deporiis rc "~~~~~~~~~~~~~~~~~~ I1 I I1 I1 I II , New Encumbrance
Demands for Deed - Paid for Deed
Trust Deed of Record
Demand for Note? ,_ 18,700.00
Trust Deed of Record - - II I R Interest of % on $ From to - I, I IC I U ~-~~~~~ ~ ~ ~ ~ ~~ ~~~
Pro lluto Taxes $ From to II R I1 I IC - lease: Deposit
Pro Rata Rents $ From to - - h I! 1 ~~ ~
- - Pro Rata Insurance Premium $ From to
- I1 I U
- Insurance Transfer Fee
- Release of Encumbrance: Principal i
- Interest on $ at % from to - Pre-Payment Penaliy
Beneficiary's Demand Fee - c 1- II I H 1: 1 1 - I, Commission
Policy of Title Insurance , 132.25
U. S. Internal Revenue Stomps
Cify Tax Certificate or Irrigation Tax Certificaie 2.50 1 Tax Service
Reconveyance
,
7Q. G Rcecording
- - - - - -
-
I-.
Taxes Paid
Assessments or Bonds Paid 1: - '.
- -
Escrow Fee
Drawing Documents 84.05
CHECK HEREWITH
BALANCE DUE 1 TOTAL : 18.924100
.r - @iFLltj& Fly;;
OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION d '
The Ci ty of Carlsbad
2960 Pi0 Pic0
Carl sbad ---.--..--- ~ ..___..___.____..______...______________--------..----~~-~ 0r
Address ____.E _____ 9 _______________ ~ _____ ~ _______ ~ ________ __ _______.
-__ ________ __ ___.____ ~ _______ ~ _______________ ~ _____ __ _______ ~ _____ Califc Carl sbad
Date _____.___ ____ ____. __ ____ ~ ...................... ~ ____ ~ _____________. June 19, 1968
Escrow No. ______ c- 594 ________________ ____ ______________ ~ _____________.
P o BOX 1127
Carlsbad, California
92008
Gentlemen:
In connection with the above numbered escrow we are enclosing the following
additional item for your records:
Policy of Title Insurance No. 876499
Please be sure to call on us if we may be of any further service to you at any
future time.
Thank you,
OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION
By A+&&- (Mr *-)"&-i;-y .................................
Schrader, Escrow Officer
RECEIVED THE ENCLOSURES:
"""""""_~"""""""""""".""""""""-."""""""""""""""""-~~.
DATE ________________________________________--------------.------------------~-------~----
IF A COPY of this letter is enclosed, please receipt for the enclosures on the copy and return to us.
ESB WP ~ tOM - 4-67
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GALfFQRNJfA LAlrlD tITL6 AbtBCfATIQN STANDARD COVERAGE PQlICY - 1963
SCHEDULE A
POLICY Nab t 876499 AMOUNT : 518,7QBb~8r0 PAEMIUN . 8 ~1'32.25 EFFECTIVE DATE, &ME 14, -1968 AT 9jCEQ AeMi
1 WSURED
CITY OF CARLSBAb, CAlIFQRNIAB A HUNtCIPAt CORPORATIOM
10 TITLE TQ.TWE ESTATE OR IRTEREST COVERED.8Y THIS PQLICY AT THE DATE WEREQF IS VESTED tw
CITY OF CARLSIAP, CALfFQRHfA, A MtslNfCIPAL C5WPORAfI@H
24 THE EST'ATE OR INTEREST IN THE LAND DESC.Rf€IfD OR REFERRED TO IN SCHEDULE C COVERED BY THIS POLICY IS A FEE AS TO PARCEL I.$ AN EASEM€NT MORE PARTICULARtY QESCRfBEO AS PARCELS 2 AN9 3
SCHEDULE 6
THIS POLICY DOES MOT XNSURE AGAINST LOSS OR DAMAGE BY REASON OF THE FOLLOWINGO
PART ONE
ALL MATTERS SET FORTH XN PARAGRAPHS NUMBERED 1 TO 5 INCLUSIVE ON THE INSIDE COVER SHEET OF THIS POLICY UNDER THE HEADIhlC SCHEDULE 6 PART O#Eo
PART TWO
10 GENERAL AND SPECIAL COUNTY AND CXTY TAXES
FOR THE FISCAL Y.EAR 196849r A LIEN, .NOT YET PAYABLE*
8'16499 PAGE 1
- (t-
24' THE' RIGHTS OF THE PUBLIC TO USE ANY PORTION OF SAID LAND THAT LIES WITHIN ANY PUBLIC STREET OR HIGHWAY
876499 PAGE 2
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PARCEL 38
AM EASEWEMT'FOR SLUPE CONSTRUCTION PWRPQSES BEING A STRIP OF LAW0 70 FEET IN WSBTWb OVER A PORTION OF LOT 31 OF PATTERSON'S AWITXOW TO THE TOWM OF CARLSBAD, I# THE COWNTY OF SAM DIEGO, STATE QF CALIFORNIA, ACCORDING TO MAP THEREOF NQo 565, FILED
tAt T'H~E'BPSICE Of CQUNTY RECORDER OF $AN DIEGO COWNTYB SEPTEMBER 22r h81&8+ THE FIQRl'kfWESTERLY LINE OF SAID 70 FUQT STRIP BEING DESCRfSEB .AS FOUQWSt
..
BEbf&fd~fN& kT A POINT. OM THE CENTER LINE OF VALLEY STREET, DISTANT TWERE(iliM, .MQRTW 34'02'15'' NEST 0 RECORD NORTH 34*33* WEST -
28803(31 PEW' FROM THE fk4TERSECTION OF THE CENTER LINES OF SAID VALLEY STREET AMID OAK AVENUE SAID POINT OF BE6IN.NING BEING
SQUTH:CQA&T LAND COMPANY TQ BEN EO DEMhER AND LOUISE DEMLERB BY DE,E:Q .bA'I'Eb ,AUGUST 14.e 1928 AND RECORDED IN BQQk 1540, PAGE 222 OF' bEEO$t THENCE AL@NC SAIP CENTER LINE OF VALlEY STREET, WORTH 34aQ2"'J;5" WEST@ & RECORD NORTH 1443:.'3f WEST - 207.70 FEET
TO A F'QfNT ON SATD.CEM?ER LINE DISTANT THEREON SOWTH 34bQZt2bM EAST, * RECQW6 SOUTH 34*33.' EAST G 37052 FEET FW'OM'THE SOUTMWESTERLY GQWN.EIV@)C! TkE &''AND CONVEYED BY SOUTH COAST LAM0 CQMPAMY TO CARL diu STWOCIC AN9 BLANCHE Br STROCK, BY OEEO DATED SEPTEMBER 22i. 14)3Q# RECORDED SEPTEMBER 27, 1930 IN BOOK 28f4( PAGE 327
THE #@ST ':WESTERLY CORNER OF .THAT TRACT OF LAND CONVEYED BY
$76409 PAGE 4
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hd76499 PAGE 5
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CONDITIONS AND STIPULATIONS (Continued and Concluded From Ret
the Company in regard to the subject matter of such action. proceeding or marter shall cease and terminate; provided. however. that failure to notify shall in no case prejudxe the claim of any Insured unless the Company shall be actually prejudiced by such failure and then only tn the extmt of suc;I 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 wtich in its opinion may be necessary or de;irable to establish the title of the
pany by the Insured, the Company offers
to purchase said indebtedness, the owner of stich indebtedness shall transfer and assign
the same to the Company upon payment of said indebtedness and the mortgage securing
the purchase price.
7. PAYMENT OF LOSS
(a) The liability of the Company under this policy shall in no case exceed. in all:
attorneys' fees which the Company may be the actual loss of the Insured and costs and
obligated hereunder to pay.
. gage 1s insured; and the Company may
estate or interest or the lien of the mort-
take a.2y appropriate action under the terms of this policy whether or not it. shall be liable thereunder and shall not therebey
this policy. c0ncec.e liability or waive any provision of
(d) In all cases where this policy per- mits or requires the Company to prosecute
' or provide for the defense of any action or proceeding. the Insured shall secure to it the right to so prosecute or provide de- fense in such action or proceeding, and all appeais therein, and permit it to use. at its optioc, the name of the Insured for such purpose. Whenever requested by the Com- pany the Insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement, securing evidtrtce, obtaining witnesses, or prosecu- ting or' defending such action or proceed- ing, and the Company shall reimburse the 1nsurr.d for any expense so incurred.
5. NOTICE OF LOSS - LlMlTATlON OF ACTION
In addition to the notices required under paragraph 4(b), a statement in writing of any loss or damage for which it is claimed the Company is liable under this policy shall be furnished to the Company within sixty days after such loss or damage shall
have been determined, and no right of actior. shall accrue to the Insured under
statement shall have been furnished, and this policy until thirty days after such
no recovery shall be had by the Insured undeI this policy unless action shall be commenced thereon within five years after expiration of said thirty day period. Failure to furnish such statement of loss or damage, or to commence such action within the time hereinbefore specified, shall be a con- clusike bar against maintenance by the In- sured of any action under this policy.
6. OPTION TO PAY, SETTLE OR COMPRO-
pay or settle or compromise for or in the Th': Company shall have the option to
name of the Insured any claim insured again.jt or to pay the full amount of this policy, or, in case loss is claimed under this policy by the owner of the indebtedness seciirctd by a mortgage covered 'by this polic)., the Company shall have the option to purchase said indebtedness; such pur- chase. payment or tender of payment of rile full amount of this policy, together {vith all costs, attorneys' fees and expenses
n hich the Company is obligated hereunder
' to pay, shall terminak all liability of the Company hereunder. In the event, after notice. of claim has been given to the Com-
MISE CLAIMS
_.
(b) The Company will pay, in addition to any loss insured against by this policv, JII costs imposed upon the Insured in liti- gation carried on by the Company for the Insured, and all costs and attorneys' fees in litigation carried on by the Insured with
the written authorization of the Company.
(c) No claim for damages shall arise or be maintainable under this policy (1) if :he Company. after having received notice
of an alleged defect, lien or encumbrance not excepted or excluded herein remove5 such defect, lien or encumbrance within a reasonable time after receipt of such notice. or (2) for liability voluntarily assumed by the Insured in settling any claim or suit without written consent of the Company. or (3) in the event the title is rejected as unmarketable because if a defect, lien or encumbrance not excepted or excluded in chis 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 for endorsement of such payment unless
case proof of such loss or destruction shall the policy be lost or destroyed, in which
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 then such payments shall not reduce pro tanto the amount of the insurance afforded
extent that such payments reduce the amount hereunder as to such Insured, except to the
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
to the insured owner of the indebtedness shall terminate all liability of the Company
secured by' such mortgage. except as pro- vided in paragraph 2 hereof.
fixed in accordance with the conditions of (e) When liability has been definitely
this policy the loss or damage shall be pay- able within thirty days thereafter.
8. LIABILITY NONCUMULATIVE
amount of this policy is reduced by any It is expressly understood that the
amount the Company may pay under any policy insuring, the validity or priority of any mortgage shown or referred to in Schedule B hereof or any mortgage here- after executed by the lnsurtd which is a
described or referred to in Schedule A, and
charge or lien on the estate or interest
terse Side of Policy Face)
the amount so paid shall be deemed a ment to the Insured under this policy. provisions of rhis paragraph numbert shall not apply to an Insured owner c
in Schedule B unless such Insured acq indebtedness secured by a mortgage sk
title to said estate or interest in satisfa, of said indebtedness or any part there(
9. SUBROGATION UPON PAYMENT
SETTLEMENT
Whenever the Company shall have st
rogation shall vest in the Company affected by any act of the Insured, a] shall be subrogated to and be entitlt all rights and remedies which the Inr would have had against any person or I erty in respect to such claim had this p
not been issued. If the payment doe: cover the loss of the Insured. the Cor shall be subrogated to such rights remedies in the proportion which said ment bears to the amount of said lor
sured, such act shall not void this p(
loss should result from any act of th
but the Company, in that event. sha required to p:ly only that part of any I insured against hereunder which shal ceed the amount. if any, lost to the 1 pany by reason of the impairment o right of subrogation. The Insured, i quested by the Company, shall transf the Company all rights and ren' against any person or property neressa order to pcrfect such right of subrog; and shall permit the Company to us name of the Insured in any transacti( litigation involving such rights or rem
If the Insured is the owner of th debtedness secured by a mortgage co by this policy. such Insured may reles substitute the pershnal liability of debtor or guarantor, or extend or otht modify the terms of payment. or r a portion of the estate or interest fro1 licn of the mortgage. or release an] lateral security for the indebtedness. vided such act does not result in an of priority of the lien of the mortgal
10. POLICY ENTIRE CONTRACT
Any action, or actions or rights of that the Insured may have or may
status of the lien of the mortgage C(
agains: the Company arising out (
by this policy or the title of the est; interest insured herein must be bas( th- provisions of this policy.
can be waived or changed except by u
No provision or condition of this
endorsed hereon or attached hereto ! by the President, a Vice Presiden Secretary. an Assistant Secretary or validating officer of the Company.
11. NOTICES, WHERE SENT
All notices required to be givtn the pany and any statement in writing res
dressed to it at the office which issut to be furnished the Company shall I
policy or to its Home Office. 433 Spring Street, Los Angeles 14. Cali1
12. THE PREMIUM SPECIFIED IN SCH
A IS THE ENTIRE CHARGE FOR TITLE SE
TITLE EXAMINATION AND TITLE INSUR
a claim under this policy, all right of
4
5.