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HomeMy WebLinkAbout; |HULTEN, LEN & ELNONA & MACKENZIE, DANIEL & D.|MACKENZIE, DANIEL & DOLORES & HULTEN, LEN & E.|; 189781; Propertya c,-pfi, ~ ~<.-; -. I.r\P,L c 4 . c. !>\ 8 @ 3 Yid Yd (./57&3G/ L ,. . ~, : 1 . --5OJJ-S.D.' : , r ' -5:j:- -. ,*. , c-: --.. <F 1 /"..By this instrument dated January 4, 1968 , for a valuable consideration, I DANIEL D. MAC KENZIE and DOLORES S. MAC KENZlE $1 LEN E. HULTEN and ELNONA K. HULTEN &, , e/L, i- 1' TRANSFER TA> hereby GRANTS to "c i y & 3. GRAY, COUNT' I c, i ,. ClT< OF CARLSBAD, CALIF ORNIA, a Municipal corporation The following described Real Property in the State of California, County of San Diego, City of Car 1 sbad c 8' ,;;; 3 .- c' .. :, Y ~~~~~~~~~~ % -? l 0 ,* n . Jj, 1, . I EXHIBIT "A" .. That portion of Lot 7 of Section 32, Township 11 South, Range 4 West, Sc ardj.,o Rase and Meridian, in the City of Carlsbad, County of San. Di.egclai California, according to United States Governm'ent Survey, approved Decem 1870, described as follows: 12 0 F " Beginning at a point on the Westerly line 05 said Lot 7, distant thereon $ feet Southerly from the Northwest corner of said Lot 7; thence along a s g line drawn from said Point of Beginning to the Northwesterly corner of L r: Falcon Hill Unit No. 3, acco-rding to Map thereof No. 5520, filed in the 1 >; of the County Recorder of said County, South 88" 43' 21" East 264.90 fee u. TXE POINT OF BEGINNIhTG; thence continuing along saic? last mentioned lin z'8S0 .' 43' 21" East 103.45 feet; thence leaving said Line, Korth 36" 59' 11 f?i148.19 feet to the beginning of a tangent 808 foot radius curve, concave Kd a central angle of 25O 54' 05" to a point on the North line of said Lot ' thence leaving the arc of said curve aloIzg said. North line North 88" 41' West 154.57 feet to a point on the arc of an 892 foot radius curve, conc; Southeasterly, a radial line of said curve bears North 35-0 52' 42" West ' point.; thence leaving said North line Southwesterly along' the arc of sai! 266:l-i feet khrough a central angle of 17" 08' 07"; thence tangent to sa 111 2 ;easterly; s thence Northeasterly along the arc of said curve 365.27 feet t. t? cd .SQIJ.~~ 360 59 ' 11 4: r g!,est - 21~8~5-2 feet &a" the T~.UE P~I~T QF RE~JI>TN_T~~C-. "" " - .. -..- TOGETHER with an,easement for construction, excavation, erribankment and dl purposes on a strip of land 60.00 feet in width that is contained in saic of said Section 32 and that is Northwest of and adjoins the above descrii: property on the Northwest. Said strip or' land 60.00 feet in width is to extended Southerly so as to terminate on the aforementioned straight linc between the Point of Beginning and the Northwesterly corner of said Lot 6 Falcon Hill Unit No. 3, AND also,' together with an easement' for .construction, excavation, enbankrr drainage purposes on a strip of land 25.00 feet in width that is contain€ said Lot 7 of said Section 32 and that is Southeast of and adjoir,s the a? described property on the Southeast. Said. strip of land 25.00 feet in wi to be extended Northerly on the said arc of said 808 foot radius curve so terminate on the North line of Lot 7. s AFTER, RECORDING MAIL TO: ,a 248 Oceartside Federal Savings B Loan Assn. P.O. Box 1127 Carlsbad, California 92008 I I ,-. E 0 Zd 99 56 u$5 B g ”! !jl 2 “0 E 3 c3 n8; mo Ez Vd? goz zq FE .if. U m M g tl I . <> 1. f b e TO, 447 C (Individual) 8 STATE OF CALIFORNIA } ss. COUNTY OF 3 2.2 Bi\lq.,- C -{;.Inn -. 1 L t -' r : ''j '" 'L ' I= -- "' ' ' -,'-i,- ---' " .........- ~." On , j p y?;, ,? -, -y 7 0 1 q Lc?, - before me, the undersigned, a Notary Public in and for said State, personally appeared a;? v TA~J~~?';PT-) ?,-,?< TTT,Tq:qn ph71<-c;q " I W -. ! W I w , known to me J a to be the person - 6 whose names &L-% subscribed u) to the within instrument and acknowledged that 'dq7 executed the same. 1 &'&% ANDY OFFICIAL J. Mc.l-fA.LE SEAL I 2 , "4. A"" by WITNESS my hand and official seal. {i ,?&>$q 1 Andy 6. 14;cHEle . J <.. ' 1 I , _, ., - /52&/&. . !; \;:yg+&$ o "I i Signature 4 q/?? j$L-L c .. '-3: , , ~. ~. "1$. ./".,~.+ :1 ;:yc:t~~+?iy :r "; - ,-:.z.g,: ;,!l I.. NOTARY PUBL!C CALIF0:INiP $, ,-L,3L.py"' SAN BERN.C?T;!:\!a SOU[\!T" I: , -.~, -,,".,-" - ~., . , . - i .7-=:;. *?,.' ,/ iY ..I ".~ I_ .~ . ._ . .._.."". -.-_-----. -. - - -T (^t ., . (J: ,,,... ,.. ~ . .. Name (Typed or Printed) (This area for official notarial seal) ~ ". . ~ ~-~ Dan'el D, acK z'ie D&lor s S. MacKenzie /,d&$&# &.&//&&& / Ad,- 2 /&2422 uk"-Af STATE OF CALIFORNIA COUNTY OF +"W ,g 1 ss. ./' - . Ls AnPeles b&*4~.A774-gq Le E. Hle : I- (L, -0' On J-v 3.5 1968 before me, /e the undersigned, a otary Public in and for said County and State, personally appeared Daniel D. MacKeme .lnona K' #%.kkefiL0W FOR RECORDERS USE ON1 I. .. . ' .,. . AFTER RECORDING MAIL TO 1897811 FILEjPAGE No."+--- RECORLED REQUEST OF lfilf IKSlinhiCt & IRKJ a OCT 30 9:OO AM '68 SERIES 9 BWK 19% OFFICIAL RECORDS SAN DIEGO COUNTY. CAd 4 S. GRAY, RECORDER NO FEE .I . 'I '2 ' - ," "L ' -I" !I b .. (IC II /I I1 * m l., !i .' 2 3 4 RESOLUTION NO. 1481 111 A RESC!LIJTION OF TIiE CITY COUNCIL OF TIIE CITY OF CAELSSAD R!ITiiORI ZTF!G AND DIRECTI?4G EXECUTICN OF ESCROI';: IYSTRllCTIO:<S !,ND ACCEPTING DEEn AND AUTHC??.TZI>!G REC9RD.ATION THEREOF, 5 The City Council of the City of' Carlsbad does hereby ' 6 resolve as follows: 7 1, That it does hereby authorize and direct thc 1 7 XI. I execution on behalf of the City of Carlsbad by the C 9 ?.Ianager of escr.ow instructions in regard to Escrow ? 10 C-525 on file in the Carlsbad Branch of Oceanside Ft Savings and Loan Association in regard to the acqui: of right of way for the extension of Elm Avenue fro] E? I 23 l4 I/ I I Daniel D, and Dolores S. XacKenzie and Le2 E. and E K a Hulten. 25 2. hat it does hereby accept that certain Grant D 16 dated January 4, 1968, executed by Daniel 9. I.!acKen 17 ~~lores S. ?.{acKenzie, Len E, Ilulten, and Elnona K* 18 and cloes hereby authorize and direct the recordatio 19 thereof in the office of the County Recorder of Sal1 .20 1 23 22 CouTlty. PASSED, APPXOVED, AX9 AI7OT)TED at a regular meeting 23 AYES: CWR* ~~~~~~~ ~~$~~~~~~~ w" md JrW 25 vote, to wit: 24 the City ~ounci~ 11eld PetbPur%?y 6 s 1968, by t?le follc 26 27 NOES : #ana. 28 1 29 *V?S-€,?J7- : #OS& 30 31 32 ! 1 I I I /&&L&/L --?--" DwJL&fY/ !)AVIn ?.,!e DLK:<I;, !.'Ice !!aycr ATTEST: /gLf&$""-- :, pl!:~.;~ry;~r ru : p/ . r&7-~&/v~ tl,!)i;.',!~ ~ (:I ty I: EX" A V * ;4 " - .; ,I 2c 5 , 1 0- (I T STATE OF CALIFORNIA, ) COUNTY OF SAN DIEGO ) ss. Margaret E. Adams I, .._.__ / ................................. City Clerk of the City of CarIshad, County of San Diego, State of Califom hereby certify that 1 have compared the foregoing copy with the original .... R.e.S.O.1..u.t.i..Qn _....__._.. passed a adopted by said City Council, at .... a .___ c.e.g.lhr ........... meeting thereof, at the time and by the vote ther statecl,.which original __..__. Re.S.Q.!.ULL" ....... is now on file in my office: that the same contains a full, t and :Jc&rr+ct traqscript ti~erefrom and of the whole thereof. I_ \.* .. I .'-I . .._ . . d,.' , ... 1 I , ' ', ,~~~itness,?ny-hand and the seal of said City of CarIsbad, this .1.9.tMay of _...._._..._ E..eb.r~.a.~y.,...~.~.~-~ 1: , . : '." . ,., ."n .I .. . . ,I. ,I .i ._.. , . ~ .. ilI' .", ~ , . -. ?.. .,, '_ 4 ~. %, (SEAL,!' :. <;.> ,, , . \, ._"____ @&k&:..F..@ "" _..".". [City .""" Clerk .. I " . ., . ,. ' ., 9 '. .. . : -0 I .'. ,, "1 J :.' : '_ , .A ,<., ,/'i "._ . . :yp. ;.".: 2968 . .-- i ,,-<\ ?.>. - <q<L.\ .-n y- : - ' , , , UL, o !.- ::,;> e-'. /q __---.- . . pi, %?k->"4\, it;\. \ &/ 1 & ,< l',! q,,X y; 'J r' 7 I\'. i 7- !, ~.<?J,, ?,! $ > ;-! @d ';I ..,* : ..s: c I ,. i Z.' ! ti, Or r p,!>cJ.: J - ' -. 9 .-"?, :'J \&,\ Snit3,%' c~~.a:- cr jy:J ,A; J +.Q,J / i 8 \ . >~+;,.:? ."" ...___ ~ -- .. . <," ~ . .$ **. (1, 9 ,I OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION Carl sbad .................................................................... __ Bran' Address __ ___ ________ _____ ______ __________ _________________ ~ _______. ______ ~ _____ _________ __ ______________ --y7 ___________________ ___ Califorr Date __________..___ Escrow No. ____I--"-- ___________ ~ __________ ~ ______________________. .' i F, C. Box 1 f77 tzi- 1 s bad November 7, 1 :;*x4 ~ -~~-~~ - _" . - "_______"____-__""""""""""- The City of Carlsbad ~3+3Q Pi0 Pic0 3oulevat-d Czrlsb;d, Cal ifornia C)?Gt38 Attention: ;"is. Margaret Adams Gentlemen: c 1 I' .. . In cmnection with the above numbered escrow we ETE enc!osinJ the fol1owing addf tional i tern for your records: Grant Deed MAC KENZIE/HULTEY to CITY OF CARLSBAD Please caii or1 us again if WE ta~ be of any further service to you. Thank you, OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION By ______._______._________________________.-~~~-------~---.-------------.---------------~--- (Mrs.) Lally G. 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. E9B WP - 10M - 4-67 y944zw-" . ', r @ % r- -~ -. ' ( /-" " . " . I7 f ,. 3 OCEANS1 FEDERAL SAVINGS AND LO ASSOCIATION PF - - The City sf Carlsbad 2.;" Pi0 Pic0 Carlsbsd, California 92008 - Attention: Mrs. Margaret Adam - Car 1 sbad _____.________________ ~ ...................... ~ ____ Bran p 0 Pox 1127 Address ______ LL.: _______ _____ ___________ Carlsbad -----.---_.____.__ __.________ _______________ Califorr October 23 1358 Date _____.____._____ L--! ______ i _____________ ___ Escrow No. .... : ___________ ______ __________ ~ ____ c 525 In connection with the above numbered escrow, the items listed below are enclosed herewith: Escrow statement in duplicate. Our check 9371 for S11.85 - refund due yw. 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 docume to which you are entitled will be sent you as sen as they are available. Title and Fire insurance Policies, if a1 are usually held by the party holding the first encumbrance. Paid Notes and Trust Deeds are held by the Trustel COUNTY TAXES ON REAL PROPERTY BECOME DELINQUENT AS FOLLOWS: First installment after December and Second installment after the following April 10. If Buyers do not receive a Tax Bill one month prior to de uency date, a written request for same should be made 50 the County Tax Collector; include legal descripti Where Lenders impound funds for payment of taxes, they usually secure the Tax Bill. Some cities and distr 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($ 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 request that sign and return in the envelope provided. Please be sure to call 3n us if we may be of any further service to you. Thank you, OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATI By ------------~------------------------------------------------~--------?--------*----, (Mrs.) Lally G. Schrader, Escrow Offic RECEIVED THE ENCLOSURES: """""""____""""""""""""""""""""""""""""""" Date _____ &-g-&&-.d _______.________________________________- E9A WP ~ IOM ~ 4-67 E-+Q Wp.. IO'M - 4-67 s 1 p'dls RETAIN THIS STATEMENT FOR INCOME OCE' SIDE FEDERAL SAVINGS AND LOAN q SSOCIATION PURPoSES ESCROW STATEMENT BRANCH ........................................... Carlsbad CITY OF CARLSBAD STATEMENT OF .................................................................................................................... ESCROW NO. ... CY525 ................... 2960 Pi0 Pic0 Carlsbad California 92008 87339 1 TI &T ADDRESS ................................................................ ? ............................................................. TITLE CO. NO. ................................. PROPERTY p.0.r.f. .i. on. .. of. .. Lot ... 7.~...s.e.ct~...3.2.~ .... T0wn.shi.p ... 1.1 .... s., .... Range 4 w etc. DATE ............................... October 30 9 .............. 1968 Debits C Paid Outside of Escrow Deposits II 11 .I I I1 II I I1 ~~ New Encumbrance I1 I I1 Demands for Deed - Paid for Deed I 11,435LOO 11 Demand for Note? Trust Deed of Record Trust Deed of Record I1 I I, ___~~~~~ ~ ~ ~ ___~ nterest of % on $ From ~~ to Pro Rata Taxes $ From to II I II lease Deposit II I II I, I I, ~ Pro Rata Rents $ From to I1 I II Pro Rota Insurance Premium $ From to Insurance Tronsfer Fee Release of Encumbrance: Principal Interest on $ at % from to Pre-Payment PenoIty Beneficiary's Demand Fee It I /I II II I II Commission II I II Policy of Title Insurance c;n in3 U. S. lnternol Revenue Stamps City Tax Certificote or Irrigation Tax Certificote 2.50 Tax Service ~ .~ ~ R~ww~w#~< Re co rd i n g 4.40 11 Recording !I Taxes Paid Assessments or Bonds Paid II 1 II Escrow Fee 3.50 Drawing Documents -00 63 ~~~ CHECK HEREWITH -85 11 BALANCE DUE TOTAL 1' i 11,@2.,/5 .1 - ' e e 4) D t OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION The City of Carlsbad 23'Kl Pi0 Pic0 Boulevard Carlsbad, Caj ifoynia ':2:~3 Car 1 sbad __ ____________ ~ .............................. __ _____ __ ____-- ---__ ---- - Bra _____ _____ ~ __________ Carisbad ____________ ~ _____ _____ ..................... Califor Address ________________________________________ ----------------.------ P. 0. Box 1137 November 13, 1958 Date ............................... 1 ________--____-.- ----------------_--. Escrow No. ____ <-.f?.. ...................... __ ----.- -----------_--. C-"'C < (17/ Car I sbad .__________"___"._""""""-"--."---- . . ._ _____ ___" ~ __________ ______""" ~ ""- ~~-~~"""""---"------ Califor November 13, 1958 Date ............................... 1 ________--_--- -.-----------------_--. P rcr ________""_____""~~""""""""~~". Attention: Mrs. IIargaret Acisms Gentlemen:: In connection with the above numbered escrow we are encj2sin; the fol ioV,:iny additional items for your records: Policy of Title Insurance No. 873331 in duplicate. 'Please call on us if we can be of t.ny further ser\jlce ~~3 YOU. Thank you, OCEANSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION _____________"_.___""""""""""""""""""""""""""""- BY ~KJ La1 I y G. schrade r , Escrow c-F-:i cer RECEIVED THE ENCLOSURES: _______.______________._________________"""""""""""""""""""""~."""""". DATE ________________________________________-~~~------~---~~-----------~-----~------------ IF A COPY of this letter is enclosed, please receipt for the enclosures on the copy and return to US. E96 WP - 10M - 4-67 1 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective date, and amount of which are shown in Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation, 1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or referred to in Schedule C, existing at the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2. Unmarketability of such title; or 3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon the estate or interest referred to in this policy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage being shown in Schedule B in the order of its priority; f Schedules A, B and C and to the Conditions and Stipulations eo!, Title Insurance and Trust Company has caused its seal to be hereunto affixed by its duly authorized officers Title Insurance and Trust Company PRESIDENT .@ ’ e .Y (h,!jOd s!yl 40 a60d JSO~ uo papnlxJo3 puo panu!]uo3 suoyolnd!Js pUD SUO!i!pUOy)) 30 dJ!I!qE!l IlE Uaq1 ’d[l!1 10 dl!l!qV]a~JI?Lll jo dusdrno3 aq1 d~!)ou dl~d~uo~d ’&I!I!JM -un ~JUJ!E~J 30 uoseaJ dq LIO!JJ+J.I qJns due u! ’IOU [Ieqs paJnsuI aql 3! JO ‘paJnsu1 -ap dm JO durdrnq aql dpou dlidrnoJd ‘BU!J!JM u! ‘TOU Ileqs paJn!;uy aq~ 3! 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J8ElJOqS ‘SaU!I dJEpUnOq U! SIXHUOJ ‘sa!JuBdaJJs!a ‘p YpJOJaJ qqnd aql dq UMOqS IOU JJE q3!qM SJJUEJqUJllXIa JO IUaLUJSEJ JO Sw!E13 ‘SlUJlUaSE~ .$ 3pJO3aJ qqnd Jql dq UMOqS IOU aJE IpqM pUE ‘aSOIJS!p pInOM .30aJaql uo!ssassod U! SUOSJJd 30 dqnbu! Bu!qEw dq JO pUE1 p!ES 30 uo!uadsu! UB dq paU!ElJaXE aq pIIlO3 q>!qM Inq SpJOJaJ x‘[qnd Jql 6q UMOqS IOU JJE qJ!qM SUJ!E[3 JO ‘SlSaJalU! ‘Slq8!J ‘SIX3 dUV ‘Z q( . 2,. 0 nh JO SaXEl Sa!Aal lEql k!JOqlnE %U!XEl dUE JO SPJOJJJ aq1 Kq SUXI 8U!lS!Xa SE UMOqS IOU aJE qJ!qM SlUaUISSaSSE JO SJXEL ‘1 ‘spJ0Ja~ qqnd aqJ Aq JO BJadoJd ~EJJ uo s~uawssas~~ ;i’ A _i (“,) BNO ;Lwd a xmazms , 3' :' 6 'W CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1963 SCHEDULE A POL ICY NO. 8 874391 AMOUNT 8 $11 9435000 PREMIUM 8 S10205O EFFECTIVE DATE8 OCTOBER 30, 1968 AT 9$00 A@M4 INSURED CITY OF CARLSBAOs CALffORNIA* A MUNICIPAL. CORPORATION Io TITLE TO THE ESTATE OR INTEREST COVERFD BY THIS POLICY AT THE DATE HEREOF IS VESTED IN; CITY OF CARLSBADs CALIFORNIA, A MUNICIPAL CORPORATION 2. THE ESTATE'OR fNTERESt IN THE LAND DESCRlBED OR REFERRED TO fl SCHEDULE,C COVEREO BY THIS POLICY IS A FEE6 SCHEDULE B -THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMACE BY REASON OF THE FOLLCIWING, PART ONE ALL MAtTEfRS SET FORTH IN PARAGRAPHS NUMBEREO $. TO 5 INCLUSIVE ON 'T INSIDE COVER SHEET OF THIS POLICY UNDER THE HEADING SCHEDULE B PAR ONE 0 PART TWO 8?3391 PAGE 1 W *, .. w le GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR THE Ft5CAL YEAR8 1968-69 NOW DUE AND PAYABLE 873391 PACE 2 '> < , 6, ** , - w, SCHEDULE C THE LANO REFERRED TO IN THIS PoercY 1.5 DESCRIBED-AS FOLLOWS~ THAT PORTION Of LOT 7 OF SECTION 329 TOWNSHIP 11 SOUTMa RANGE 4 WESTr SAN BERNARD.180 BASE AND MERIDIAN, IN THE CITY OF CARLS8AD9 IN THE COUN?Y OF SAN DIEGOI STATE OF CALlFORNIAg ACCORDING TO OFFICIAL PCAT THEREOF9 DESCRIBED AS FOLLOWS8 BEGINNING AT A POINT ON THE WESTERLY LONE OF SAID LOT 79 DIs'TANT THEREON 360960 FEET SOUTHERLY FROM THE NORTHWEST CORNER OF SAID LOT 78 THENCE ALONG A STRAIGHT LINE DRAWN FROM SASD POINT OF BEGltFiNIN'G TO THE NORTHWESTERLY CORNER QF LOT 60 FALCOb4 HILL' OFFICE OF COUN?Y RECOROER OF SAN OIEGO COUNTY, SBU'PH 88*43@221" ALONG SAID LAST MENTfONED LINE# SOUTH 88043'21" EA$? 103945 FEEfi 'THENCE LEAVING SAID LINE9 NORTH 36Q59'11DB EAST f48eP9 FEET TO THE BEGINNING OF A TANGENT 808 FOOT RADIUS CURVE, CONCAVE SOUTHEASTERLY: THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE, 365027 FEE? THROUGH A CENTRAL ANGLE OF 25854805'' 'i6 A POINT ON THE NORTH LINE OF SAX0 LOT 38 THENCE LEAVING THE.ARC OF SAID CURVE ALONG SAID NORTH LINEr NORTH 88841ef4".WES$ 154r57 FEET TO A POINT ON THE ARC OF AN 892 FOOT RADIUS CURVE9 CONCAVE WES? TO SAiO POINT? THENCE LEAVING SAID NORTH LINE8 SOUTHWESTERLY ALONG THE' ARC OF SAID CURVE 266e77 FEET THROUGH A CEPlfRAb: ANGLE OF 17"08*009N8 THENCE TANGENT TO SAID CURVE SOUTH 3Q"5%*11t1 WEST 208~57 FEET TO THE TRUE POINT OF BEGfNMINCm UNIT NO. 31 ACCORDSNG TO MAP THEREOF Nos 55209 FILED IN ?HE EAST 264m1 FEET TO THE TRUE POINT OF BEGINMING~- THENeE CONTINUING d SBUPHEASTERLYP A RADIAL LiNE OF SAID CURVE BEARS NORTH 35"92*42** TOGETHER WITH AN EASEMENT FOR CBNSTRUCTfBNe EXCAVASTONa EMBANKMENT THAT IS CONTAINED IN SAID LOT 9 OF $AID SECTION 32 AND THAT IS NORTHWEST OF AND ADJOINS THE ABOVE DESCRIBED PROPERTY ON THE NORTHWESTb SAID STRIP OF LAND 60000 FEET HN WIDTH IS PO BE EXTENDED SOUTHERLY SO AS TO TERMfNAfE ON THE AFOREMENTIONED STRAIGHT LINE DRAWN BETWEEN THE POINT OF BEGPNMINC AHD THE AND DRAINAGE PURPOSES ON A STRIP OF LAND mao FEET IN WIDTH NORTHWESPERLY CORNER OF SAID LOT 6, FALCON HILL UNIT NUS 3s AND ALSO, TOGETHER WITH .AN EASEMENT FOR CONSTRUCPION~ EXCAVAT%BNe 5M WIDTH THAT IS CONTAINED Ipf SAID LOT 7 Of SAID SECTION 32 EMBANKMEN? AND DRAINAGE PURPOSES ON A STRIP OF LAND 2SaBf) FEET 873392 PAGE 3 *- '., . *, - w - <. AND THAT IS SOUTHEAST OF AND ADJOINS THE ABOVE'DESCRIBEO PROPERTY ON THE SOUTHEASTr SAID STRIP OF LAND 25000 FEET IN WIDTH IS TO 5E.EXTENDED NORTHERLY ON THE SAID ARC OF SAID 808 FOOT RADIUS CURVE SO AS TO TERMINATE ON THE NORfH LINE OF LOT 70 873391 PAGE 4 i .* . .> 1 t...., 4 bG 4 10 .. *. e- 1.b.. CONDITIONS AND STIPU the Company in regard to the subject matter of such action, proceeding or matter shall cease and terminate; provided, however. that failure to notify shall in no case prejudice the claim of any Insured unless the Company shall be actually prejudiced of such prejudice. by such failure and then only to the extent (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 take any appropriate action under the terms of this policy whether or not it. shall be concede liability or waive any provision of this policy. (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 fense in such action or proceeding, and all it the right to so prosecute or provide de- 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 witnesses, or prosecu- ting or’ defending such action or proceed- ing, and the Company shall reimburse the Insured for any expense so incurred. liable thereunder and shall not thereby 5. NOTICE OF LOSS - LIMITATION 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 action shall accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shall be had by the Insured under this policy unless action shall be commenced thereon within five years after expiration of said thirty day period. Failure or to commence such action within the to furnish such statement of loss or damage, 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- MISE CLAIMS Pay Or settle or compromise for or in the The Company shall have the option to name of the Insured any claim insured against or to pay the full amount of this Policy, or, in case loss is claimed under this policy by the owner of the indebtedness secured by a mortgage covered by this policy, the Company shall have the option to purchase said indebtedness; such pur- chase, payment or tender of payment of he full amount of this policy. together with all costs, attorneys’ fees and expenses which the Company is obligated hereunder Company hereunder. In the event, after to pay. shall terminae all liability of the notice of claim has been given to the Com. ILATIONS (Continued and Concluded From Re pany by the Insured, the Company oFfers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon payment of the purchase price. 7. PAYMENT OF LOSS (a) The liability of the Company under the actual loss of the Insured and costs and this policy shall in no case exceed. in all; 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, 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. be maintainable under this policy (1 ) 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 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 of a defect, lien or this policy, until there has been a final encumbrance not excepted or excluded in 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 the policy be lost or destroyed, in which 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 then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insured. 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- shall terminate all liability of the Company sured of a mortgage covered by this policy to the insured owner of the indebtedness secured by such mongage. 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. LIABILIlY NONCUMULATIVE It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any any mortgage shown or referred to in policy insuring the validity or priority of Schedule B hereof or any mortgage here- after executed by the Insured which is a charge or lien on the estate or interest described or referred to in Schedule A, and #ation carried on by the Company for the verse Side of Policy Face) the amount so paid shall be deemed a F ment to the Insured under this policy. . provisions of this paragraph numberec shall not apply to an Insured owner of in Schedule B unless such Insured acqu indebtedness secured by a morrgage shc title to said estate or interest in satisfacl of said indebtedness or any part thereof 9. SUBROGATION UPON PAYMENT SETTLEMENT Whenever the Company shall have set’ rogation shall vest in the Company a claim under this policy, all right of s affected by any act of the Insured, an( shall be subrogated to and be entitled all rights and remedies which the Insu WoJd have had against any person or pl erty in respect to such claim had this PC not been issued. If the payment does cover the loss of the Insured, the ComF shall be subrogated to such rights remedies in the proportion which said F ment bears to the amount of said loss loss should result from any act of the sured. such acr shall not void this pol but the Company. in that event. shall required to pny only that part of any lo insured against hereunder which shall ceed the amount. if any, lost to the C pany by reason of the impairment of right of subrogation. The Insured, if quested by the Company, shall transfe the, Company all rights and reme against any person or property necessar and shall permit the Company to use order to perfect such right of subrogat name of the Insured in any transactiot litigation involving such rights or renw If the Insured is the owner of the debtedness secured by a mortgage cow by this policy. such Insured may releas substitute the personal liability of debtor or guarantor, or extend or other1 modify the terms of payment. or re1 a portion of the estate or interest from lien of the mortgage. or release any lateral security. for the indebtedness. vided such act does not result in any of priority of the lien of the mortgage 10. POLICY ENTIRE CONTRACT Any action or actions or rights of ac that the Insured may have or may b status of the lien of the mortgage cow against the Company arising out of interest insured herein must be based by this policy or the title of the estatt the provisions of this policy. can be waived or changed except by wri No provision or condition of this pc endorsed hereon or attached hereto si$ Secretary, an Assistant Secretary or o by the President, a Vice President, validating officer of the Company. 1 I. NOTICES, WHERE SENT All notices required to be given the C pany and any statement in writing requ dressed to it at the office which issued to be furnished the Company shall be policy or to its Home Office. 433 Sc Spring Street, Los Angela 54, Califor 12. THE PREMIUM SPECIFIED IN SCHEO A IS THE ENTIRE CHARGE FOR TITLE SEAR TITLE EXAMINATION AND TITLE INSURAh