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P-123C - > ; ~ .. ,e . . _. /.. ' , BOOK48627 PAGE SPACE ABOVE THIS L.INE FOR RECORDER'S USE ~/ /1'3(((5) 20 . . Partial Reconveyance 223 1~5S (T.I.&T.Co. Trustee-8lank County} TITLE INSURANCE AND TRUST COMPANY, a corporation, of Los Angeles, California, as Truetee under Deed of Truet made by....fAQE...N..QL.L...AND...ERICA...NQLL........m.......m..................................m....................... .....mm......m....m..m.m..n..nmmn.........m.....mmm..mm.m..................m.nm..mm...................mmm....m...m.......m,Trustor, h..._n.._____..n___......._____________.".____........____..______.___.._____._hUh__._.__~__.._______.__._..__..u_____._..n...._u.._nn..___U..H...UnUuu_..___n_._n...n..___ ~~d.~~~~~d~d.~~.I~~~~~~~~~.N~:::::):53~::::::::::::::~~::D:e:c..e.mj;:e:r::::ii::::i9:5i::::::.i~..b~~k:::ji82i::::::::::: page..mn3~Lm,.., of Official Records in the ollice of the county recorder of the county oL..................mm................ .........b.9..l?...fl:D.g~J.~.:::!..............................................m..' state of California, having received from Beneficiary there. under, a written request to reconvey, in accordance with the terms of said Deed of Trust, all estate now held by said Trustee under said Deed of Trust in and to the hereinafter described property, said Beneficiary having presented said Deed of Trust and notem.....m.secured thereby for endorsement. Now, Therefore, in accordance with said request and the provisions of said Deed of Trust, TITLE INSURANCE AND TRUST COMPANY, as Trustee, does hereby RECONVEY, without warranty, to THE PER. SON OR PERSONS LEGALLY ENTITLED THERETO, all estate now held by it thereunder in and to that property situate in the..m.m..m..m.....m.m.m...mm.......m..m.............m., county oL.......Lo.s...A!lgelea.m..m........, state of California, described as follows: The NortheasterlK 25 feet of the southeasterly 128 feet of the northwesterly 38 feet of Lot 12, Block 200, Town of Santa Monica Tract. The remaining property described in said Deed of Trust shall continue to be held by said Truetee under the terms thereof. As provided in said Deed of Trust, this Partial Reconveyance is made without aHecting the personal liability of any person for payment of the indebtedness secured by said Deed of True!. In Wi..", Wh"eof, TI'I'LE IN'URANCSM;D mUST C~A . Tru_ "'" ,,,",,,,, ;b corporate name and seal to be hereto alliJred' by' 1.1:8 'Assi~tanC$ecretary, t to duly uthor' . - ,',' 1 March 1 1 · " .: .' ,..; '. . D""'~mm;,.9;5.'m._ .~ TITLE ..NSURANCE A ~ T L..:. T","",. R- 17792 .' .<~ ". L::T18JN<i4l{ij>RNIA :. . }~~~ . .~: By ::m.~.m:....;.,...;......m......m..m.......=.......A~~;i~~~s~~~~i;;ry...m ..h............m.....m....DE~.lfl.S..........m....:...:..:.._>,. . " ' '\ ~:r~;~...;;.~f:~~.d;?[g;:;;.?.~5N~t.~:i..p;tfi~:..;-~ ;; and for said County and State, persollalll..ppe~~ed , L; ,,::LER , " '"' k~~;;:;..t;;m;;;;;'..t;;...b~..';;;;..A;;j;i~;:;i...s;;;,;~i;;;;;-.;,T'TmE'.' SPACE BEL.OW FOR RECORDER'S USE ONL.Y INSURANCE AND TRUST COMPANY, the, corpOtali.op tb'8't eXeCufed, the foregoing instrument 9$, Tr!1St"e"e',. AAd, ~_kIl9:wnto 'me- to' he:~tlLeperson who executed said jns~l~pH~ni i\lg ,on hebaMot the 'C,OlJll'rllliontherein named, and ..anoW)' Q , edgell'to m~ 'Hillt 'fiUeh""rporation executed tbe s8lIle as f '.Tm~~:' ,>, r,-b' " .,,"" W1:rN~S~JDY'hI1na,"aJldofficial seal. DOCUMENT No. m..................__.. ~ . ~ . . '. ~'<_. ,- -. RECORDED AT REQUEST OF ~ ~r.;- ". ~ ,..... .'J. ;: " /"I.1 .'x .n d rlTlE INSURA~;GE & CO. ,.(Seal) ,..T}If!j,.............__.. -. _.~. .............- AUG 111955 AT 8 A. :M ~ "' ,. . - - > ...,Notary Public in and for laid County and State. , TO BOor. .1 ~~G27 PM" 20 '" \""-U - 1.~Ut. IN OFFICIAL RECORDS County of )98ll.I:gE,CL, '~L.liIorniP. F~~~B~~Y...C~~;;;;.R~~.~~d.~~. Title Order NO.......................m.. ..m......m.............m. lIJ' ~ ~ ...Deputy Escrow or Loan NO..m .m..m..... ___.__n____n.._.__...~..~. >."['j ----.-- I ~ ~ 5 tl ~ Z ... ~ s ~ ",:t ~ -< ~ i ,J ~i ~ ~ i ~~ I::~ ~ ~ ~ 11!"04 t! E~ 10> h I::~ t~ ~~ 5] ~ s 1:::>. ~ ti ;;J ~ !i;~ S.. 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'-'Ji folia 0", fa.. ;:I;; f,)eIl S Z -< ~ ~~ ~ s z.})~ tl ~ ~Ji ~~ ~ ~ ~eIl = ~ ~ ~ ~ E-i !z::H ~s..~ ~;2l ~~ ~~ sell ~i ~~ ~c3 ~ rn ~ i~ ~5 0 ~ a; ~] ~ I ~~ E--~ ~ ~ " .... ~ .. Ill.... Z '" '" C/"J:I:l C/"J.. ~ 0 ~ t--f I"""'t 0 ...~ \0 eN rIJ a') en E:....... f/IVIJ ..... ;z; ~~..... ~ ~ ~ ,.... ~ ~ ~ ~ ~ \0 ~ ~ E-i.... '" E-i i i ~ ~ r, ~ '" '-' ~ :l o Z ~ tl E-o -< ~ ~ 13 Cd ~~~~ ::iil ~....u...::l a ;;J"'O~r;:!i Q 00 ..... .. 1'0. fol A:i ~zr'''o~ 8 ~-<'-'~~C/"J ~ ... ::;;2l~ I::........ 00 '" 15 I:"'""' <J:I:l re III ~ 00 'r; C/"J i:t ~ ;J ~ . . E-i Cd 0 ... E-i ~ , .' ._. ~ - ' . . , ". - < \ ':.. e, ,. -, . . .. . 8ODK48G27 PAGE 26 , . ()~t /)'3C (err) I ." ',' 0 {, , 1-71: ,t/ GRANT DEED FOR AND IN CONSIDERATION of the sum of TEN DOLLARS ($10.00), receipt of which is hereby acknowledged, and other good and valuable considerationsJ we PAGE NOLL and ERICA NOLL, hereby grant to the CITY OF SANTA MONICA, a municipal corporation, all right, title and interest in and to that certain real property located in the City of Santa Monica, County of Los Angeles, state of California, which said real property is more particularly described as follows, to wit: The northeasterly 25 feet of the southeasterly 128 feet of the northwesterly 384 feet of APPRUVEO ~S TO OESGRI?TlON Lot 12 of Block 200, Town of Santa Monica _.__.-:-..-;:____..aj..!.3::..:, l'J..fi... Tract, Recorded in Book 39, Page 45 et. -'~"@~~~11""- seq. of Miscellaneous Records, in the CITY ENGIN _ ,R office of the Recorder of Los Angeles County. .' /.: i.f.." DATED this II- day of ,/ (i '1',t'd.l , 1954. r r,,/l tk' L k Page NOl~ ,," ....."""") ,.<~' , ,,'~" ." ;;:-''7./~(r~L1 /) K Z Erica 1"1 ( STATE OF CALIFORNIA ) ~ ss. County of Los Angeles On this the /;<~ day of ~~A/~ , 1954, before me, the Undersigned, personally appeared PAGE NOLL and ERICA NOLL, known to me to be"tlie persons whose names are subscribed to the foregoing ,Grant DeEidand acknowledged to me that they executed the 8~~ Nota ", U, 'c nand 1'or sald County and state My C'~rtlrr::~:~;c.'l [:':j::,i::lz April 2fi Pj;;j . " ~( _.~I rCel I.?,l c' . . .e . # > - ." > . - ~" t .. . . . r . --'<. ('" ;-. , ,--[ '. . "- . _'.:- ~) C' - - - '," , Ctl ..-I .. r:: 0 H .j..) 0 ~ .-I ..-I ..-I ~.-I ~ CD\t1 . CtlCDO OH "O..-I~ "' CD H Cf.l lU "OCD 0 HS"O..4 Oc:(Hr:: 0 .,..10 C\J <D~.c'~ 'M .. HOE-l ~ r:: ~ro 1'1 I.f'\ <Dr::ll\r:: H .c&l(Y')Ctl .:;t :;: .-Ir:t.l "/:l:: . ... .e . .. ~ / USOLUTION >>0. 13iS BOO<<48(327 PAGE 27 (CITY COUNCIL SERIES) A RESOLtrl'ION OF THE CITY COUNCIL OF THE CITY OP SAN'.M. MONICA ACCEPTING DUDS TO REAL PROPERTY IN THE CITY OF SANTA MONICA. THE CITY C01JNCIL OF THE CITY OF SANTA MONICA DOES RESotVE AS FOLLOWS: SBOTION 1, That certa1n Grant Deed dated August 26, 1954, wherein CHARI..ES A.MELOY and MABLE STRASZACICER.. deed to the CITY OF SANTA MONICA the following described real property: The northeaaterly 25 teet 01' Lot 5 01' BloCk 200, Town 01' santa Monlca Tract, Recorded in Book 39, pace 45 et. a.ca. 01' M1scellaneous Reco1"48, 11'1 the ott10e 01' the Recoreler ot Loa Anp1es County. be and the lame he!"eby 1s accepted. SECTION 2. That certa1n Grant Deed dated SepteMber 10, 1954, wherein MOE M. FOUL, SYDNlE OARJ::)NER FOGEL and BARt p. NI'rTINGER, deed to the CITY OF SANTA MONICA, the tollow1nc d..cribed property; The northeuterly 25 teet ot the southeasterly 256 teet 01' Lot 12, B).ock 200, Town 01' santa Mon1ca Tract, "corded in Book 39, pap 45 et. .e4. ot Miscellaneous Recorda, in the oUice ot the Recorder ot Loa Anp lea County. be and the same hereby is accepted. SECTION 3. That certain Grant Deed dated OotoOe!" 22, 1954, wherein SOUTHERN Cotnf".rI.SS GAS COMPANY OF CALIFORNIA, a oorporatlon, d.eeda to the CITY OF SANTA MONICA, the tollow1ng de.cribed property: The no!"theuterly 25 teet ot the ftorthweater17 256 teet of Lot 12, Block 200, '!'Own ot santa Monioa Tract, reoord.ed in Book 39, page 45 et seq of Misee nan.oua Records, in the oft1oe of the Recorda!" ot Loa Ansel.. County. be and the .... hereby 1.a acoepted. L '. /":'; ( . . '. .e ., e: .. - . ~ 0 SOOK48627 fWIE 28 SECTION 4. Tbat certa1n Grant Deed dated August 18, 1954, wherein PAGE NOLL and ERICA liOLL, deed to the CITY OF SANTA MONICA, the tollowlns described ~al property: Tbe northe.8teri)" 25 teet of the south- ....t.rly 128 teet ot the northweaterly 384 feet ot tot 12 ot Block 2CO ~ Town or S..nta Monica 'rract.. Rettorded 1n Book 39, page 45 et. ..q ot: Mlscellaneoua Records 1n the (lttle..ot the Recorder of Loa Ansel.. County, be awl the .... heNby 1s ae.oe:pted SECTION 5 That oerta1n Quitclaim Deed dated Febl"WU"Y4, 1955, WheN!n M.W. DOWNS and ALEXINE DOWNS. quit- clail1 to the CITY 01i' SANTA MOliICA, the following desoribed real property: The ftortheut 25 reet of Lot 5 1n Blook 200 of the Oity of Santa Monica, in the City of santa Monica, county ot Los Anael.., State of California, as per 11.\8.1' recorded tn book 39, P&a* 45 ot Miscellaneous Recorda 1n the otfice of the County Rec~rder of 8a1d County. be and tbe .~ hereby is accepted SECTION 6 That e&~tain QUitclaim Deed 'ated February 2, 1955, wherein ARTHUR S. tJOl<iNS and FLORENCE MAE DOWS.. quit- claim to the CITY OF SANTA MONICA.. the tollowt1"ll '..oribed real propertJ't The northeast 2' feet of Lot 5 in Elock 200 of the C1tJ' ot santa Mon1ca, 1n the City ot Santa Monlca.. Count.. of Los Angeles, State ot California. a. per up Noorded in book 39, page 45 ot Miscellaneous Reoords, in the oft'lce of the CountJ' Recorder of aaid County, be an.d the a_ hereby 1. accepted SECTION 7. That certain Quitclaim Deed dated )Iove.ber 5, 1954, whereln AftMA.ND C. U!fRUH and ALICE P. UNRUH quitclaim to the CITY OF S.Alfl'A MONICA. the tollmd.na d..scr1bed Hal pX'Opert7: 2. It , . .. ..~ . . . e .~ ". ., . e'. . # . I BOOK48627 PAGE 29 I The northeut 25 teet of LOt 5 1n Block 200. ot t. he Oi.tJ' of Santa Monica, 1n the C1ty of I Santa Monica, County of Loa Anseles, State of Ca,U.tomiajO as per u.p reeol"ded in book i 39, paae 45 of Miscellaneous .ecorda, in the oftice of the County Recorder of sa1d County. I I be an4 1;he Iilal:IlIt hereby 1s ac"pteCl. SECTION 8. The C1ty MIlnaaer 1a authorized to record I the .ed8 .referred to in the ,toregoing sections ot this reaolu'-tion. SECTION 9, The City Clerk shall certify to the adoption of this resolution and thenceforth and titereatter the aame ahall be 1n full toroe and ef1''\90t. -MlOP'l'lU> AND APPROVED this 23rd day of Pebru&r7, 1955. at THOMAS J _ McDERMOTT Mayor ereby certify tI1at the forego1ng resolution was .\i'~,'iij:J.~',;~ijdpt.d by the City Council ot the City of Santa Monica, ,. ";",, \, at a Pftplar ...t111& hereot h.ld on the 23r<l ~ of lPeb:ru.ary, 1955, 'tt;y the tollowiq vote at the Council: AYES I CouncIlmen: Barnard, Guercio, Mahone)', McCarth)' M.cDenaott NOES: Councl1..n: Mone ABSBN'l': Councll_t\: Grubb., Milla /~~~ I .' . r Approved as to tors thia ';; 23l"d day of February, 1955. T'- ," . ' ,L\2J') 0.. uaD.1Ii!', "" AT.1''!l'u. "1'1:1. ,oocmiEN'r, No. ..--..".."............., "'.t.., -, nn..-. "'_ . ~to.u\... ~RECORDEn .AT T OF ""~ c"- As.tatanti tit)' :If,. mey JITl'E l'I.\\;lj~n;i;.~ &. " ..,' ,,It ~ 'C\ \, .. l'i"'~'''''hlJl:..." . ~ bU. ... ......... ~. \;.~. "I I \ 'AHl"-l'l .'t "Q!' 5 .~, '- . \}} ;~;486~;~ p:G~r 2~' M. ~ .. , . r-!J:'N'OFFIC1'.L "'<Jl:ns ~Oounty of LOf, L.;"., ~;.L:0rnia .'lF~ ,$gi::...~.f:..,._..._..._...m... ,MAI>ftE B. 'BEATTY, CCi.\a!)' R@"".t~ 3. ~I 7:?? MI.il. ..l:leputJ' "'. ;~ ~ '- t '. .' . . , . . 1012 6.53 ld-~G California land Title Association Standard Coverage Policy form Copyright 1950 Fee $~. f4',p- POLICY OF TITLE INSURANCE ISSUED BY TITLE INSURANCE AND TRUST COMPANY OF LOS ANGELES Title Insurance and Trust Company, a corporation, of Los Angeles, California, herein called the Com- pany, for a valuable consideration paid for this policy of title insurance, the number, date, and amount of which are shown in Schedule A, does hereby insure the parties named as Insured in Schedule A, together with the persons and corporations included in the definition of "the insured" as set forth in the stipulations of this policy, against loss or damage not exceeding the amount stated in Schedule A which the insured shall sustain by reason of: 1. Title to the land described in Schedule A being vested, at the date hereof, otherwise than as herein stated; or 2. Unmarketability, at the date hereof, of the title to said land of any vestee named herein, unless such unmarketability exists because of defects, liens, encumbrances, or other matters shown or referred to in Schedule B; or 3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not shown or referred to in Schedule B; or 4. Any defect in the execution of any mortgage or deed of trust shown in Schedule B securing an indebtedness, the owner of which is insured by this policy, but only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or 5. Priority, at the date hereof, over any such mortgage or deed of trust, of any lien or encumbrance upon said land, except as shown in Schedule B, such mortgage or deed of trust being shown in the order of its priority in Part Two of Schedule B; all subject, however, to Schedules A and B and the Stipulations herein, all of which schedules and stipulations are hereby made a part of this policy. In Witness Whereof, Title Insurance and Trust Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A. TITLE INSURANCE AND TRUST COMPANY by ~qJ~au~ PRESIDENT Attest I~~ SECRETARY I.,. / >'" d ' . ./ ----------..--- , '. pra. . , , . . 1012A 8-53 California land Title Association Standard Coverage Policy Forni SCHEDULE A Copyright 1950 Amount $250.00 Date August 11, 1955, at 8 a.m. Policy No)+152632 INSURED CITY OF SANTA MONICA, a municipal corporation. 1. The title to said land is, at the date hereof, vested in: CITY OF SANTA MONICA, a municipal corporation. 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: The northeasterly 25 feet of the southeasterly 128 feet of the northwesterly 384 feet of lot 12, in block 200 of the "5 acre Villa Farms," in the city of Santa Monica, county of Los Angeles, state of California, as per map recorded in book 3 page 118 of Miscellaneous Records, in the office of the county recorder of said county. . . .. 0 . 10128 8-53 California Land Title Association Standard Coverage Policy Form SCHEDULE B Copyright 1950 This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly insured in paragraphs numbered 4 and 5 on page 1 of this policy. PART ONE: This part of Schedule B refers to matters which, if any such exist, may affect the title to said land, but which are not shown in this policy: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing agency or by the public records; and easements, liens or encumbrances which are not shown by the public records. 2. Rights or claims of persons in possession of said land which are not shown by the public records. 3. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct survey. 4. Mining claims, reservations in patents, water rights, claims or title to water. 5. Any laws, governmental acts or regulations, including hut not limited to zoning ordinances, restricting, regulating or prohibiting the occupancy, nse or enjoyment of the land or any improvement thereon, or any zoning ordinances prohibiting a reduction in the dimensions or area, or separation in ownership, of any lot or parcel of land; or the effect of any violation of any such restrictions, regulations or prohibitions. PART Two: This part of Schedule B shows liells, encumbrances, defects and other matters affecting the title to said land or to which said title is subject: 1. General and special county and city taxes for the fiscal year 1955-1956, a lien not yet payable. . . . . . . 1 012.C 8.5~ , California land Title Association STIPULATION S Standard Coverage Policy Form Copyright 1950 1. SCOPE OF COVERAGE curred or expended by the Company, which may be other'A-ise.. The liability of the Company under this recoverable by the insured in any litigation carried policy shall in no case exceed. in all. the actual 1081 This policy does not insure against. and the Company on by the Company on behalf of the insured. The of the iQlmred and costs which the Company is obligated will not be liable for )0851 or damage created by or word "knowledge" in this paragraph means actual hereunder to pay, and in no case shall 8uch total arising out of any of the following: (.) defects, liens. knowledge, and does not refer to. constructive know}- liability exceed the amount of this policy and said claims, encumbrances, or other matters which result in edge or notice which may be imputed to the insured cosu. All payments under this policy shall reduce the no pecuniary loss to the insured; (b) defects, liens, by the public records. amount of the insurance pro tanto, and payment of loss encumbrances, or other matters created or occurring or damage to an insured owner of indebtedness shall subsequent to the date hereof; (c) defects. liens, 3. NOTICE OF LOSS. LIMITATION OF ACTION reduce, to that extent. the liabiJity of the Company to encumbrances, or other matters created or suffered by the insured o_ner of said land. No payment may be the insured claiming such 108s or damage; or (d) A statement in writing of any loss or damage for which demanded by any insured without producing this poHcy defects. liens, claims, encumbrances, or other matters it is claimed the Company is liable under this policy for indorsement of such payment. existing at the date of this policy and known to the shan be furnished to the Company within sixty days insured claiming such loss or damage, eitber at tbe after such loss or damage shan have been ascertained. date of this policy or at the date luch insured claim. No action or proceeding for tbe recovery of any sucb I. MANNER OF PAYMENT OF LOSS TO INSURED ant acqUired an estate or intere8t insured by this policy. loss or damage ,han be instituted or maintained Los8 under this policy shall be payable. firstt to any unless su-ch defect, lien, claim, encumbrance or other against the Company until after full compliance by insured owner of indeb~"~dness secured by mortgage or maUer shall have been disclosed to the Company in the insured with all the conditions imposed on tbe deed of trust shown in Schedule B, in order of priority writing prior to the issuance of this policy or appeared insured by -this policy, nor unless commenced within therein shown, and if 8uch' ownership vests in more at the date of this policy on the public records. Any twelve months after receipt by the Company of sucb th~n one, payment shall be made ratably as their rights or defenses of the Company against a named written .tatement. respective interests may appear, and thereafter any insured shall be equally available against any person 1088 .hallbe payable to the other insured, and if more or corporation who shall become an insured hereunder 4. OPTION TO PAY, SETTLE, 01 COMPROMISE than one. then to such insured ratably as their respec. as successor of such named insured. CLAIMS tive interests may appear. If there be no such insured The Company reserves the option to pay, settle. or owner of indebtedness, any 1015. shall be payahle to the insured, and if more than one, to such insured 2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS compromise for. or in the name of. the insured. any ratably 88 their respective interests may appear. 01 CLAIMS TO BE GIVEN BY THE INSUIED claim iQsured against or to pay this policy in full at any time, and payment or tender of payment of the The Company at its own cost shall defend the insured full amount of tbis policy. together with all accrued 9. DEFINITION OF TERMS in all litigation consisting of actions or proceedings cost. which the Company is obligated hereunder to pay, The following terms when used in this policy mean: against the insured. or defenses. restraining orders, or shall terminate all liability of the Company here. (a) "named insured": the persons and corporation. injunctions interposed against a foreclosure or sale of under, including all obligations of the Company with named a. insured in Schedule A of this policy i (b) said land in satisfaction of any indebtedness, the respect to any litigation pending and subsequent costs "the insured": sucb named - insured together with (1) owner of which is insured by this policy. which litiga. thereof. each in ownersbip 01 indebtedness .ucceasor any tion is founded upon a defect, lien. encumbrance, or secured by any mortgage or deed of trust shown in other matter insured against by this policy. and may 5. SUIROGATlON UPON PAYMENT 01 SETTLE- Schedule B, the owner of which indebtedne8ll ia pursue such litigation to final determination in tbe MENT named herein as an insured, (2) any such owner or court of last resort. In case any such litigation shall Whenever the Company shall bave settled a claim successor in ownership of any such indebtednes. who become known to any insured, or in C88e knowledge under this policy, it shall be .ubrogated to and be acquire. the land described in Schedule A or any shall come to any insured of any claim of title or entitled to all rights, securities. and remedies which part thereof, by lawfu1 means iIi ntisfaction of said interest whicb is adverse to the title as insured or the insured would have had against any person or indebtedness or any part thereof, (3) any governmental which might cause loss or damage for which the Company shall or may be liable by virtue of tbis property in respect to such claim, had this policy not agency or instrumentality acquiring ..id land under been issued.. II the payment does not eover the 1088 an insurance contract or guarantee insuring or .guar. policy, such insured shall notify the Company thereof of the insured. the Company shall be subrogated to anteeing said indebtedness or any part thereof, and in writing. If such notice shan not be given to the such rights, securities, and remedies in the proportion (4) any person or corporation deriving an estate or Company at least two days before the appearance day which said payme.nt bears to the amount of said 1088. interest in said land as an heir or devisee of a named in any such litigation.. or if such insured shall not, in In either event the insured shall transfer, 01" cause to insured or by reason of tbe dissolution, merger, or writing, promptly notify the Company of any defect. be transferred, to the Company such rights. securities, consolidation of a corporate named insured i (c) lien, encumbrance, or other matter insured against, or and remedies, and sball permit the Company to ule "land": the land described Ipeci6cally or by reference of any such adverse claim which shall come to the the name of the insured in any transaction or litigation in Schedule A and improvements affixed thereto which knowledge of such insured, in respect to which los8 involving such rights. securities. or remediee. by law constitute real property; (d) "date": the or damage is apprehended, then all liability of tbe exact day, hour and minute specified in the first line Company as to each insured having such knowledge 6. OPTION TO PAY INSURED OWNER OF IN- of Schedule A (unless the context clearly requires a shall cease and terminate; provided, however, that different meaning); (e) "taxing agency": the State failure to so notify the Company shall in no case prej. DEBTEDNESS AND BECOME OWNER OF SECURITY and each county. city and county. city and district udice the claim of any insured unle$s the Company The Company has the right and option, in cue any in which said land or some part thereof is situated that shall be actually prejudiced by such failure. The Com- loss is claimed under this policy by an insured owner levies taxes or assessments on real property; (I) pany shall ha....e the right to institute and prosecute of an indebtedness secured by mortgage or deed of "public records": those public records which, under any action or proceeding or do any other act which, trust, to pay such insured the indebtedness of the the recording laws, impart constructive notice of mat. in its opinion, may be necessary or desirable to mortgagor or trustor under said mortgage or deed of ters relating to said land. establish the title, or any insured lien or charge, .. trust, together with all costs which the Company i. insured. In all cases where this policy permits or obligated hereunder to pay, in which CAse the Com. requires the Company to prosecute or defend any pany shall become the owner of. and .uch insured 10. WRITTEN INDORSEMENT IEQUIRED TO action or proceeding. the insured sha~l secure to it in shall at once assign and transfer to the Company, said CHANGE POLICY writing the right to so prosecute or defend such action mortgage or deed of trust and the indebtedness there. No provision or condition of this policy can be waived or proceeding. and all appeals therein, and permit it by secured, and such payment shall terminate all or changed except by writing indorsed hereon or at. to use, at its option. the name of the insured for such liability under this policy to .uch jnlured. tached hereto signed by the President, a Vice Presi. purpose. Whenever requested by the Company the dent. the Secretary, or an Assistant Secretary of the insured shall assist the Company in any such action 7. PAYMENT OF LOSS AND COSTS OF LITIGATION. Company. or proceeding. in effecting settlement. securing evi. INDORSEMENT OF PAYMENT ON !'OLlCY dence. obtaining witnesses. prosecuting or defending 11. NOTICES, WHERE SENT such action or proceeding. to such extent-and in such The Company will pay, in addition to any Iou insured manner as is deemed desirable by the Company, and against by this policy. all coats imposed upon the in.. All notices required to be given the Company and any the Company shall reimburse the insured for any sured in litigation carried on by the Company for the statement in writing required to be furnished the Com- expense so incurred. The Company shall be subrogated insured, and in litigation carried on by the insured pany ahan he .ddreased to it at the offic.e which issued to and be entitled to an costs and attomey.' feee in. with the written authorization of the Company, but not thia policy. " '. ~5'~<2 bOT . . . 167 . . PORTION OF LOT 12, IN BLOCK 200, OF SANTA MONICA TRACT ,<. b THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. .-