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HomeMy WebLinkAboutTitle Insurance Policy; None; None; Property, ,- '> ,OY ' OIG Farm 239-6 OFFICERS ANDdlCk","*:ORS UNlONTiTLE INSURANCECO. JOHN F FORWARD. JR PREST. 0 P. CLARK VICE PREST. FRANK G. FORWARD VICE PREST & ASST. SEC Y FREDERIC W STEARNS. VICE PREST CHARLES H FORWARD, VICE PREST R. J. BLAIR. VICE PREST JAS. D. FORWARD, SECY & TREAS WIL1.IAM H ALLEN. JR.. DIRECTOR W HERBERT ALLEN, DlRECTOR M. F. HELLER. DIRECTOR c '1'11e@ (Individszl and Carporation) Tract Book ............... 3.3 .................. Page ......................... 114 . . -- 0 OFFICERS AND DiRECTO TITLE INSURANCE AND TRU! WILLIAM H ALLEN JR PREST. STUART O'MELVENY. FiRST VIC M. 5 HELLMAN. ViCE PREST H. W O'MELVENY. VlCE PREST L. J. BEYNON. VICE PREST. W HERBERT ALLEN, VICE PRES1 0. P. CLARK, SECY. & TREAS. W M. CASWELL TJ W H BURNHAM H. C. ALLEN HENRY M. RO WR GAlJITAL XSl) sCKf'1A;s ~I.OC~O.000. CAOITAL AN3 SURPLUS $10,000,000 01.' L 0 S ,n-G E 1; I: S , G2iIA . 1OZc3 SECOND STREET LsSX mmGB, G*m4 * AMOUNT, $..SOO.*.OO ...................... NO ............................................................. 223150 (-)T\-\ERr i A s, F)e4LT@J" OF TITLE I1'~S~,R"f.X(:F For a valuable consideration, paid for this Policy of Insurance VNIOZ TITLE IYSIJRASCE COX PA^ a corporatioz. of ?an Diego, Clelifornia ;'~ 2 <: TIT1.E: ISStR.1AC.E .iYD .rRt*C'ST ~~O~lI'.%Xl a t~',rporsrion, c.1 t;.* Arrelcs. Ca;ilornia (herein called the Insurance Companies) DO HEREBY INSURE Oc e ans i de I.:ut zal -:.'at e r c onqanJT , a Califorria coqoration, as owner of the land described in Schedule A, and (a) if said owner is a person, any person or corporation deriving an estate or interest in said land as heir or devisee of said owner, or (b) if said owner is a corporation, any person or cor- poration deriving an estate or interest in said land, by dissolution, merger or con- solidation, herein called the Insured, against all loss or damage not exceeding which the Insured shall sustain by reason of the title to said land being vested at the date hereof otherwise than as therein stated, or by reason of unmarketability of the title of the Insured to or in said land, on account of defects, liens, encumbrances and other matters not excepted in Schedule B, or by reason of any defect in, or lien or encumbrance on said title, at the date hereof, other than defects, liens, en- cumbrances and other matters set forth in said Schedule B, all subject however to the conditions and stipulations hereto annexed, which conditions and stipulations together with said Schedules -4 and B are hereby made a part of this Policy. 7. ~1Ve fiunared (~~OO.OO)----------------"------~ ".--_-- ,jolla1-s, n 'I;!,]' l'.ilit.) .rail,i.r. .,f. ~ 2 OUT :,;.<(A. ;liit.l <I,+ 1;;: 1;1l,:r+<j ii :i,t. t,rxri bt* *;,t.11 r,:ier Form 304-8-29-10m c,IG Cl;"jl1e r T Owners and Joint Pmteetion Fare T) Q *2z3@o-2 SCHEDULE A 1. The title to said land is at the date hereof vested in fee simple absolute in Ocetinsihe ILutual '.?ata Conpany , a California corporation. 2. ljescription of the land, title to which is insured by this Policy: .All that portion or" Lot Tso (2) in Tract Fifty-five 155 ) of Hotaling mas, in the County of San Diego, State of California, accoreing to iiiap thar: of ITo . 17U, filed in the off ice of tile Coclr,ty %jCOrder of said San Diego Countg-, April 16, 1921, descri'oed 2s follons: Begiming at a point on the cecter line of Gpandview Street, distmt thereor: South 420 ,211 :;Jest 194.5 feet from its intarsection vith the center line of Ridgeivay Strezt as shown on said xap ?To. 1717; theme South 35" 12' East a distance of 55.09 feet; thenca South 540 481 Yest a dis- tance of 20 feet; thence r..orth 35" 121 ?!est a dis- tance of 50.71 feet to z point on the celrter line of said Grandviem Stree t; thence aloilg the s aid centei= line of "Jr.zfiavie:;$ Streat .&orth 4%" 27r East a distance of 20.47' feet to the poict of be- ginniog. Ih~irlnTfIk~ . .- Irlslli?grloe I_ t lh: . . -".. ?I 2- SXS DIEGO, GAIA. I orrn *"I J-zsam OIG Owner 1s Owners and Loan Form-County a 0 Q37g-3 SCHEDULE B The Companies do not, by this Policy, insure against ; 1. Any facts which a correct survey and inspection of said land would show; instruments, trusts, easements, roads, encumbrances and rights and claims of parties in possession of all or any portion of said property not shown by the public records of the County of San Diego, California, or the Federal Offices at Los Angeles, California. 2. Reservations in Federal or State Patents, mining claims, water rights, or any ordinances or proceedings by any governmental or public agency for the purpose of regulating, restricting or controlling occupancy or use of the land herein described or any building thereon. 3. Proceedings for municipal improvements prior to becoming a record lien. 4. Assessments, taxes or encumbrances created or levied by any Improvement, Irrigation, Public Utility, sanitary or other District, unless the amount of the assessment or tax has become fixed and is due and payable and shorn as a lien at the date hereof by the records in the offices of the Tax Collector, Auditor or Treasurer of the City of San Diego, or of the County of San Diego. 5. Second installment of State arzd County taxes for the fiscal gear 1929-30, no-;: payable . ~oll 78, page 108, Assessment EO. 137399. 6. The rights of the public to use as a public high:-;ay SO raach or" the herein described property as lies nithill the boudaries of Gra1dvie-a Street, as shown on i.2itp KO. 1717, filed in the of2ice of the Couity Beorder of Sm 9iego Couulty, April 16, 1921. 7. Conditions and restrictions LS contained in deea dated Decenber 23, 1929, from soutkl coast Land COmpm~, a Caliiornia corporation, to Ocaanside Xutual :"ater CorqanT, a ~alifon;-ia coygoration, 2nd file6 Tor recopt? in the of-ice 02 the County Recorder of said San Diego I':oi;Cilty o:~ Jaimarg 2,1950; nhich said conditions mil restL%ictions expire on Jmuary 1, 1940. Reference is hereby uaCe to the raeora of said deaa for full 2articulars. I:jrio n :]xflg;. &* InsuilraDGCGo. .i\ : * ~ ___ \. 7.. . .*. . e ..- "X." - . - Form 291-7-29-2000 9 . ,:, < a Owner’s e. CONDITIONS AND STIPULATIONS OF THIS POLICY RIGHTS AND DUTIES OF COMPANIES UPON NOTICE OF CLAIM The Companies will, and shall have the right to, at their own cost, defend the Insured in all actions or pro- ceedings founded upon a defect, lien or encumbrance insured against by this Policy. In case any such action or proceeding shall be begun, or in case knowledge shall come to the Insured of any claim of title or interest adverse to the title hereby insured, as insured, or which might cause loss or damage for which the Companies shall or may be liable by virtue of this Policy, the Insured shall at once notify the Companies thereof in writing. If such notice and the right to defend such action or proceeding be not secured to the Companies or if the Insured shall not, in shall not be given to the Companies at least five days before the appearance day in any such action or proceeding writing, promptly notify the Companies of any defect, lien or encumbrance insured against which shall come to the knowledge of the Insured, in respect to which loss or damage is apprehended, then all liability of the Companies 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, if such Insured shall not be a party to such defect, lien or encumbrance. In all cases where this Policy permits or requires the Companies to prosecute or defend any action or proceeding, the Insured shall secure to them the right to so prosecute or defend such ac- tion or proceeding, and all appeals therein, and give them all reasonable aid therein, and permit them to use, at their option, the name of the Insured for such purpose. The word “knowledge” in this paragraph means actual knowledge and does not refer to constructive knowledge or notice which may be imputed to the Insured by reason of any public record or otherwise. The Companies reserve the option to pay, settle, or compromise for or in the name of the Insured, any claim insured against or to pay this Policy in full, and payment or tender of payment of the full amount of this Policy shall terminate all liability of the Companies hereunder. action or proceeding, nor be served with summons therein, nor have any knowledge of such action, proceeding, RIGHTS OF COMPANIES UPON PAYMENT OF CLAIM Whenever the Companies shall have settled a claim under this Policy, they shall be subrogated to and be en- titled to all rights, securities and remedies which the Insured would have had against any person or property in respect to such claim, had this Policy not been made, and the Insured shall transfer or cause to be transferred to the Companies such rights, securities and remedies, and permit them to use the name of the Insured for the re- covery, retention or defense thereof. If the payment does not cover the loss of the Insured, the Company shall be subrogated to such rights, securities and remedies, in the proportion which said payment bears to the amount of said loss. LIABILITIES OF COMPANIES The Companies will pay, in addition to any loss insured against by this Policy, all costs imposed upon the Insured in litigation carried on by the Companies for the Insured, but in no case will the Companies be liable for any costs or expenses incurred by the Insured in such litigation without the written authorization of the Companies. The liability of the Companies under this Policy shall in no case exceed in all the actual loss of the Insured and costs which the Companies are obligated hereunder to pay, and in no case shall the total liability exceed the amount of this Policy and said costs. All payments under this Policy shall reduce the amount of the insurance pro tanto. The Companies will not be liable to anyone for loss or damage by reason of defects, claims or encum- brances created subsequent to the date hereof, or created or suffered by the Insured, or known to the Insured to exist at the date hereof and not disclosed in writing to the Companies. No provision or condition of this Policy can be waived or changed except by writing endorsed hereon or at- tached hereto signed by the President, a Vice-president or the Secretary or Assistant Secretary of each of the Com- panies. IN TESTIMONY WHEREOF, each of the Companies has caused this Policy to be signed by its President and attested by its Secretary or Assistant Secretary, under its Corporate Seal this ............................................................................................................ ............................................................................. 2.n.a ..... l.Q? ...... 0.f ....... J.an.aary ..,....... 19.30 ... ) ....... 3.3 ...... 9::.,0 ..... iL.9.Ji.a ............................................................... UNION TITLE INSURANCE COMPANY O-merrs policy BY + C9wf FQ President. 223150 Attest: .................................................................................................. Assistant Sec * ary. I/ Z/lt3Y TITLE INSURANCE A TRUST COMPANY BY W& 1 ,T ‘ilI8.n *. (9 *-l$Ile- %:> ..”> . ~ __ :- . -? pa~Ge.Go. . , \i _- SAS DIEGO, GAL. Fcrm 229-12-28-10m * U"K&TL INSURAIYCE CQMPAh *. I 1 ... "" ll. * 2 2. SIN DIEGO L /-q,,p " ~~ A j!$ /o?k?2+ OhOW~ Por//bfl /&f 2 0/0ck 55 /+oh//ng Londa myrmup *Pet7 00- /7'7 / cson D/ep G-9 C@A T 7iR4cr 55 L