P-161~ ~
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600h5~~?~~~ PAGf~`7~
QUZTGLAIM ~EED
~ 1~ / ~~ ~} .~>
P3ILDRE~} A~EZTNE JOHNSOl~ and ARCHIE L~ARVINE JOHNSON,
do hereby quitclaim al1 of their right, title and interest
in and to that eertain hereinafter described real property
to the GITY ~F SANTA MONICA, a municipal corporation, sa3d
real pro,perty is described as follows:
The southwesterly ten (10) feet of the south-
easterly 62.50 feet af Lot 5, Block 8, Artesian
Tract, in the City Qf Santa Mon~.ca, County of
I,os Angeles, State of California, as per map
reeorded in Boak 4, Pa~e ~0 of Maps in the
office og the Coun~y Recorder of safd Count9.
Dated this ~day of ~ , 1957,
. STATE QF CALIF~RNIA
_ ~ ~ ~ ~ ~ SS:
COtTNTX OF~~~E~4~~~~'i~~
~_.
On this ~~day of , 1957, befare me
the undersigned, persanally appeared MTLI3RED ADELINE JOHNSON
and ARGHIE MARVTNE J{?HNSON, known ta me to be the persons
whose nam~s are subscribed to th~ fore~oin~ Quitelaiz~~I~e~$ ,
~' and aeknowledged ~o me that th~y executed the same.~,
' ~ ~ A o. ____ ~~94 } ~y Co m;s~ion ~ r.~=a~~~i~~~rc ~ 3~t I4~~~ ~ ~
,:.
i/TtE iNSUHANCE &Qt~sT o~ ' ~~'
r ~~ ~~~~~~~~ ` ~'~~
~ ~ ~ ~ ~ ~ I~IOV ~U~I ~` a ~a~y u ~ e in an t~r . a ~ _ -~ -,j
x County an State.
B~~h~~ 19~~ A~ 8 A' M. -
~~~`~ PAGf.~~'~
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OFF1ClqL ~~ '~
RAY E L~E RECORDS
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CITY OF S~~NTA MONICA
City Hall,
. ~ . , ~ -
1012 9-56 :
California Land Title AssociaTion .. ~
Standard Ceverage Policy Form..~~ ~.~4
Copyrighi 7950 ~ ~~ ~t
Fee$3$.oc~
POLICY OF TITLE INSURANGE
ISSUED BY
TITLE INSURANCE AND TRUST COMPANY
OF LOS ANGELES
Title Insurance an~l Trust Company, a corporation, of Los Angeles, California, herein called the Com-
pany, for a valualir~e consideration paid for this policy of title insurance, the number, date, and amount
of which are sho~p 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 :
l. Title to the land described in Schedule C 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, B and C and the Stipulations herein, all of which
schedules and stipulations are hereby made a part of this policy.
In [~itness Whereof, Title Insurance and Trust Company has caused its corporate name and seal to be
hereunto affixed by its duly authorized ofi'icers on the date shown in Schedule A.
~` TiTLE INSURANCE AND TRUST COMPANY
~I' ~ °~
PRESIDENT
~fi~
~...R~,~'!,r~, ~,y.~.;~*,g,f~;~`~..
Attest
SECRSTAR7
3f ~~~~ ~ ~~ f~.
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1012A-B~~~ 9-56
Colifornia taod Titl~ Association
sfa~da~d co~.~ase Po~~~Y Fo.m S C H E D U L E A
Copyri9ht 1950
Amount $3, 000.00 Date November l, 1957
a'c 8 a.m.
INSURED
CITY OF SANTA MONICA, a municipal. corporation.
The title to said land is, at the date hereof, vested in:
CITY OF SANTA MONICA, a municipal corporation.
SCHEDULE B
~
Policy No, ~700203
Parcel 3
This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except
to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly insured in
paragraphs numbered 4 and 5 on the first page of this policy.
PnxT ONE; This part of Schedule B refers to matters which, if any such exist, may affect the title to said
land, but which are not shown in this policy:
1. Taxes or asaessments which are not shown as existing liens by the records of any taxing agency or by the public
records; and easements, liens or encumbrances which aze not shown by the public records.
2. Rights or claims of persons in possession of said land which are not shown by the public records.
3. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained
by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct survey.
4. Mining claims, reservations in patents, water rights, claims or title to water.
5. Any laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regulating
or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or any zoning ozdinances
prohibiting a reduction in the dimensions or area, oi separation in ownership, of any lot or parcel of land; or the
e$ect of any violation of any such restrictions, regulations or prohibitions.
~ , ~ . .
1Q72B fonf. 4-56
California Lartd Titie Association . c ~T ~+ 7~, y~7' p
Standard Coverage Policy Form w7 C 11 J~ L V L l:. B-(Cantinued)
Copyright 7950 .
PA~tT T~vo: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the
title to said tand or to which said title is subject:
1. General and special county and city taxes for the fiscal
year 1957-1958.
~ _ i
1012C 9-56 ~
California ~a~d T,t~a A~~a~,af~o~ . S C H E D U L E C
Standard Coverage'Poliry Form
Copyright 7950
The land referred to in this policy is situated in the county of Los Angeles, state of California, and is
described as follows:
The,southwesterly 10 feet af 'che southeasterly 62,50
feet of Iot 5, block 8, Artesian Tract, in the city of
Santa Monica, county of Los Angeles, state of California,
as per ma.p recorded in book ~4, page 90 of' Maps, in the
office of the county recorder of said county.
.,~ ~
1012D 9•56
California Land TiNe Associa}ion
Standard Coverage Policy Form
Copytighf 1950
1. SCOPE OF COVERAGE
This policy does not insure againat, and the Company
will not be liable for loss or damage created by or
ansing out of any of the following: (a) defects, liens,
claims, encumbrances, or other matters which resul[ in
no pecuniaxy loss to ihe insured; (b) defects, liens,
enaimbrances, or other matters crea[ed or occurring
subsequent to the date hereof; (c) detecte, liena,
encumbrances, or other matters created or suHered by
[he insared claiming suc6 loss or damage; or (d~
defecte, liens, claime, eneumb~ances, or ot6ex mattees
existing at the date of this policy .and known ro Ihe
insured claiming such loss or damage, cither at the
date of thie poliey or at the date such insured claim•
ant acquired an estate or in[eres[ insured by [his policy,
unless such defect, ]ien, claim, encumbrance or other
matter ahall have been disclosed to the Company in
writing prior to thc issunnce of this policy or appeared
at the date of this policy on the public records. Any
rights or defenses of the Company against a named
insured shall be equally available againet any peraon
or corpora[ion who shall become an insured hereunder
as succeseor of such named insured.
2. DEFENSE OP ACTIONS. NOTICE OF ACTIONS
OR CLAIMS TO BE GIVEN BY THE INSURED
The Company at ita own coat shall defend the insured
in all litigation cansisting of actions or proceedings
against the insured, or defenses, restraining ordera, or
injunctions interposed against a foreclosure or sale of
said land in satiefaction of any indebtednesa, the
owner of which is inaured by this policy, which li[iga-
tion is founded upon a defect, lien, encumbrxnce, or
other matter inaured againet by this policy, and may
pnrsue such li[igation to final determination in the
court of last resort. In case any such litigation ahall
become known to any insured, or in case knowledge
shall come to any insured of any claim of title or
interest which is adverse to the tide aa insured or
whic6 might cause loss or damage for which the
Company shall or may be liable by virtue of this
policy, euch ineured shall notify the Company thereof
n writing. If such noticc shall not be given to the
Company at least two days before the appearance day
in any auch litigation, or if such insured shall not, in
wri[ing, promptly notify [he Company of any defect,
lien, encumbrance, or other matter insu~ed against, or
of any auch adverse claim which ehall come to the
knowledge of auch insured, in xespect to which losa
or damage is apprehended, then all liability of [he
Company as to each insured having such knowledge
shall cease and terminate; provided, howeveq that
[xil~~ce to so notify the Company shall in no~caee prej-
^dice the claim of any inaured unless [he Company
shall be acmally prejudiced by auch failure. The Com-
pany shall. have the righ[ to institu[e and prosecute
any action or procceding or do any other act which,
in. its opinion, may be necessary or desirable to
eatablish the tide, or any insured lien or charge, as
insured. In all cases where [his policy permi[s or
requires the Company to prosecute or defend any
action or proceeding, the ineured ahall secure to it in
wri[inq [he right to so proaecu[e or defend such action
or proceeding, and all appeals Iherein, and permit i[
[o uac, at its op[ion, the name o[ the insured for auch
purpose. Whenever requested by the Company the
maured shall aseist t6e Company in any ench ar,tion
or proceeding, in effecting setdement, eecuring evi-
dcnce, ob[aining witnesscs, proaecuting or JeSending
such action or proceeding, to auch extent and in auch
manner as is Jer,med desirable by the Company, and
the Company ahalt rcimburse the inxured for any
expense eo incnrred, Thc Company shall be eubrogated
to and be entitled to alI costa and attorneye' feea in-
STIPULATIONS
curred ur expended by the Gompany, which may be
re,r,overable by the insured in any li[igation carried
on by the Company om behalf of the insured. The
word "knowledge" in this paragraph means actual
knowledge, and does not refer to construc[ive knowl-
edgc or notice which may be imputed to the insured
py the public records. ~
3. NOTICE OF LOSS. LIMITATION OF ACTION
A statement in wri[ing of any loss or damage for which
it is claimed the Company is liable under this policy
sha11 be furnished to [he Company within sixty days
after such ]oss or damage ahall have been ascertained.
No ar,[ion or proceeding for the recovery of any auch
loss or damage shal] be inscituted or maintained
against the Company un[il af[er full compliance by
the insured with all the cmditions imposed on the
ineurod by this poliey, nor uolesa commenced within
twelve months attex receipt by the Company of such
written statemen[.
4. OPTION TO PAY, SETTLE, OR COMPROMISE
CLAIMS
The Company reaerves the option to pay, settle or
ompromise for, or in 16e nam of, the insured, any
claim insured agains[ or to pay this policy in full at
any time, and payment or tender of payment of the
full amount of this policy, together with all accrued
cos[s which the Company ia obligated hereunder to pay,
ehall texminate all liability oE the Company here-
under, including all obligations of the Company with
respec[ to uny litigation pending and subsequent costs
thereof.
5. SUBROGATION UPON PAYMENT OR SETTLE-
MENT
Whenever the Company shall have settled a claim
under this policy, it ahall be subrogated to and be
enti[led to all righ[s, securities, and remedies which
the ineured would have had agains[ any peraon or
proper[y in respect to such claim, l~ad this policy nut
been isaued. If the payment does not cover the ]oss
oF the insured, the Company shall be aubroga[ed to
such rights, securi[ies, and remedies in [he proportion
which said payment bears to ihe amount of said loes.
In eitLer event tl~e insured shall transfer, or cause to
be transferred, to the Company euch righ[s, securitiea,
and remedies, and shall permit the Company to use
the name of the insured in any tiansaction or Sitigation
involving such rights, securities, or remedies.
6. OPTION TO PAY INSURED OWNER OF IN-
DEBTEDNESS AND BECOME OWNER OF SECURITY
The Company has the right and option, in case any
loss is claimed under this policy by an insured owner
of an indebtedness secured Ly mor[gage or deed of
trust, [o pay such insured the indebtedness of the
mortgagor or truator under eaid mortgage or deed of
trust, together with all costs which the Company is
obligated hereunder to pay, in which case the Com-
pany shall become the owner of, and such insured
shall at once assign and transfer to the Company, eaid
mortgage or deed of trust and the indebtedness there-
by secured, and such payment ahall termina[e all
liability under [his policy to such insured. '
7. PAYMENT OF LOSS AND CO5T5 OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pay, in addition to any loss inaured
againat by this policy, nll costa impoacd upon the in
aured in litigation carried on by t6e Company for the
insured, and in litigation carried on by the insured
with the written authorization ot the Company, but not
.
otherwise. The liability of the Company undcr th3a
policy shall in no case esceed, in all, the actual loss
of the insured and costa which the Company is obligated
hereunder [o pay, and in no case shall auch [otal
liability exceed the amount of this policy and said
costs. All payments under this polioy ehall reduce the
amount of the insurance pro tan[o, and payment of losa
or damage to an insured owne~ of indebtedness shall
reduce, to that extent, the liability of the Company to
the insu~e~3 owner of said la~~d. No paymen[ may
be demanded by any insured wichout producing thie
policy~for indorsement of such payment.
8. MANNER OF PAYMENT OF LO55 TO INSURED
Loss under this policy ahall be payable, first, to any
insured owner of indebtedness secured by mortgage or
deed of trust shown in Schedule B, in order of priority
therein shown, and if such ownership vests in more
than one, payment ahall be made rata6ly as their
respective in[ereste may appear, and thereaEter any
loss shall be payable to [he o[her insured, and if more
than one, then to such iasured ratably as their respec•
tive intereets may appeao If thece be no such ineuxed
owner of inde.btedness, any loss shall be payable to
the i~sured, and if more than one, to such insured
ra[abl,v as their respective interes[s may appear.
9. DEFINITION OF TERMS
The following terms when used in this policy mean:
(a) "named insured": the persons and corporationa
named as insured in Sohedule A of t6is policy; (b)
"the insured": such named ineured together with (1)
each successor in owners6ip of any indebtedness
secured by any mortgage or deed of trust shown in
Sc6edule B, the owner of which indebcedness is
named herein ax an ineured, ~(2) any sneh owner or
successor in ownership of any euch indebtednese who
acquirea the land described in Schedule C or any
part thereof, by lan•ful means in satisfaction of said
indebtedncss or any part thcrco(, (3) any govcrnmcntal
agency or instrumentality acquiring said land under
an insurance contract or guarantee insuring or guar-
anteeing said indebtedness or any part thereof, and
(4) any person or corporation deriving an esta[e or
interest in said land ae an heir or devisee of a named
insnred or by reason of the dissolution, merger, or
r,onsolidation of a corporate named insured; (c~
`9and": [he land deacribed specifically or by reference
in Scheaule C and improvements affixe3 thereW which
by law constitute real property; (d) "date": the
exact day, hour and minute specified in ihe first linc
of Schedule A(unleas the context clearly requires a
different meaning) ;(e) "taxing agency": the State
and each county, city and county, city and diatric[
in which said land or some paxt thereof is situa[ed that
levies tazes . or assessments on real property; (f~
"public records": those public records which, under
the recording laws, impar[ cons[ructive notice of maL
tera rclating to eaid land.
10. WRITTEN INDORSEMENT REQUIRED 70
CHANGE POLICY
No provi=ion or condi[ion oE this policy can be waived
or changed except by writing indorsed hereon or aL
tached hereto aigned by the President, a Vice Preai-
den[,.the Secretary, or an Asaistant Secretary of the
Company.
11. NOTICES, WHERE SENT
All noticcs required to be given the Company and any
atatement in writing required to be furnished the Com-
pany shall be addresaed to it at the office which isaued
this policy.
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONtY FROM DATA SHOWN BY OFFICIAL RECORDS.
5
POLICY
OF
TITLE
~
TITLE INSURANCE
AND
TRUST COMPANY
ALAMEDA GOUNTY
ISIO WEBSTER STREET~ OAKLAND
IIGS `~A" STREET~ HAYWARD
FRESNO COUNTY
1246 "L" s~reEeT, FeESrro
I46I~ BELMONT AVENUE~ FRESNO
INYO•MONO COUNTIES
I49 NORTH EDWARDS STREET~ INDEPENDENCE
KERN CdUNTY
1~TH AND "I" STREETS~ BAKERSFIELD
1331 CHESTER AVENUE, RAKERSFIF.LD
ORANGE COUNTY
HOO NORTH MAIN STREET, SANTA ANA
RIVERSIDE COUNTY
S~IO TENTH STREET,RIVERSIDE
SAN BERNARDINO COUNTY
44O GOtiRT STREET, SAN BERNARUINO
SAN DIEGO COUNTY
LO2B SEC01vD AVENOE~ SAN DIEGO~
SAN LL'IS OBISYO COUNTY
1141 CHORRO STREET~ SAN I.UIS OBISPO
SANTA BARBARA COUNTY
3~> EA5T FIGUEROA STREEI'~ SAN'PA AARBAAA
TUL9RE COUNTY
320 WEST MAIN STREET~ VISALIA
VENTURA COUNTY
~,~ IOI SOUTH CHESTNUT~ STREET~ VF.NTURA
INSURANCE
TITLE INSURANCE
AND
TRUST COMPANY
. ~ iNCORP~ORATED LH93.
HOME OFFICE
433 SOUTH SPRING STREET, LOS ANGELES 54
TITLE INSURANCE
AND
TRUST COMPANY
ALAMEDA COUNTY
151O~WEBSTER STREET, OAKLAND
I1C)S °GA" STftEET~ HAYWARD~
I~RESNO COUNTY
1`L4G "I." STREET~ FRESNO
14C)9 BELMONT AVENUE~ FRESNO
INYO-MONO COUNTIF.S
~.49 NORTH EDWARDS STREET, INDEPENDENCF.
KERN COUNTY
I~TH AND °fI" STREETSy BAKERSFIELD
1331 CHESTER AVENUE, BAKERSFIELD
ORANGE COUNTY
HOO NORTH MAIN STREET, SANTA ANA
RIVERSIDE COUNTY
H49O TENTH STREET, RIVERSIDE
SAN BERNARDINO COUNTY
44O COURT STREET~ 5AN BEftNARDINO
SAN DIEGO COUNTY
1028 SECOND~AYESVUE, SA1Y DIEGp
SAN LUIS OBISPO COUNTY
1141 cxoeso sTeee•r, snv Lats osis~~o
SANTA BARBARA COUNTY
3~7 tiA51' F1GUEftOA STREEI'~ SAN'fA 13ARBAftA
TULAftE COUNTY
3`LO WEST MAIN STAEET~ VISALIA
VENTURA COUNTY
IOZ SOUTH CFTESTNUT STREET~ VENTURA
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7012 9-5b ~ .
California Lend Title Associafien
Standmrd Covereee Policy Form .
Copyrighf 7950. ~ ~~ . ~
Fee $
~ TITLE INSIJRANGE
POLICY OF
ISSUED BY
TITLE INSURANCE AND TRUST COMPANY
OF LOS ANGELES
Title Insurance and Trust Company, a corporation, of Los ~ngeles, 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 :
l. Title to the land described in Schedule C 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, B and C and the Stipulations herein, all of which
schedules and stipulations are hereby made a part of this policy.
In Witness l~hereof, Title Insurance and Trust Company has caused its corporate name and seal to be
hereunto' af~ixed by its duly authorized ofY'icers on the date shown in Schedule A.
TITLE INSURANCE AND TRUST COMPANY
j~' ~~„s v~ ~.t(`~`'`'''~--.
!
- ~~GaL~ PRESIDENT
copy of Po1~Cy
At,test No additio~ ~a4 4iabilitv a~sume:~
S6CR~TARY
~~
~ ~
7 Oi 2A-B-T 9.56 ~ . ~ ~ . ~ ~ . ~ . . . .
~ California land Title Association ~ ~n~ y~ ~ ~ ~ ~ ~ ~ ~ ~ .
Stantlard Coverage~Policy Form ~ ~ . .. S 4 H E~~~1J U~L~~ A~ ~ ~ ~ ~
Capyrighi~ 1950 . .. . .. ... ~ ~ ~
~mount ~~~~~~ Date ~,~~~~~- ~~ ~,~~ Policy No. ~~,~~~~~
~.~ ~ ~,~f P~r~~~ ~
ScxED~1~~ B
'1'his pol'acy does not ansure against loss by reason of t~ne maiters 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 the first page of this policy.
PART O~vE: This part of Schedule B refers to matters which, if any such e~ist, may affect the tide to said
land, but which are not shown in this policy:
1, Ta.ses or assessments which are not 5hown 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.
~, Rights or claims of persons in possession of said land which aze not shown by the public recorda
3. Any facts, rights, interests, or claims which are not shown bp the public records but which could be ascertained
by an inspection of said land, or by makin~ inquiry of persons in possession thereof, or by a correct survey.
4. Mining claims, reservations in patents, water rights, claims or title to, water.
6. Any laws, governxnental acts or regulations, including but not limited to zoning ordinances, restricting, regulating
or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or anp zoning ordinances
prohibiting a reduction in the dimensions or area, ox sepazation in ownership, of any lot or parcel of land; or the
e$eci of anp violation of any such restrictions, regulations or prohibitions.
~ ~
:, _ . ~
.. ~10126-T Cont: -9-56 ~ ~ . ~ ~ ~ ~ ~ . . " . ... ~. ~ .
~~ ~California "tand Titie Assaciation ~ ' ~ ~
Standard Coveraee ~o~~~y Fo~m S C H E D U L E $~--- (CiD7Ltl7LZG~tl~
Copyright 1950 ~ ~ ~ ~ ~ . ~ ~ ~.
PnxT Two: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the
title to said land or to which said title is subject:
~. « Q~I"~~~ ~ ~jJ~'~~~ ~t#'~~` $l'it~ ~ ~.~ "~+i7C~ffi ~"~' '~~ ~`j.~+CU~
~ ~"@'iL~"` ;#.~~-1~~. ~
.
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.. . . .. . ~ i . ~_ ~ . ,.. ~ .,
.. .1012GT 9•56 ~ ~ . ~ ~ ~ ~ ~ . ~ ~ ~ . . ~ . . ~
. ~ .. California ~a~d T~,~e A~,o~,a~~o~ ~ . . ~ ~ . ~~ . ~~ S C ~H ~~E D U~L E . C ~~ ~ . .. ~ ~ ~
. ~ Standard Gavera9e Policy~.form ~~ . . . . ~ ~ ~
~ Eoprriyht 1950 ~ ~ . . .: . . ~ ~ ~ . ~ .
The land referred to in this policy is`~ituated in the county of Los Angeles, state of California, and is
described'as follows:
°;~1! ~t}~~~~~!'~~~~`~~ ~.E~ ~"~~~ t~~ ~~'t~ ~~-Ll~~~~l~~'Z°'~ ~`~ x~~
~~~i~ +~~' ~.t~~ ~~ 3~Ica~$c ~~ A~'~~~#.~iiri ~~C~~ ~,~ t~t+~ ~i'~y` +~f'
~n~ i~r~, ~~t~ ~~' ~~ ~~.~~ ~ ~~t+~ €~~' G~~~,~`a~n~at,
~~ ~ r+~~c~rded l~ 3~c~a~Z #, ~t r~~' ~-~, ir~ ~P~
' ~~'~'~~~ ~~ ~h~ ce~t~nt~ ~~~i~~° ~~` ~.d ~cuatnt~~ .
, .
.
~
1074D 9•56
California Land Title Association
STandard Coverage PolicY Form
Gopyright 1950 .
1. SCOPE OF COVERAGE
This policy does not insure againat, end the Company
will not bc liable for loss or damage created by or
ansing out of any of the following: (a) defects, liens,
elaims, encumbrances, or o[her mattexs which result in
no peciiniary loss to the inevred; (b) defecte, liene,
encumbrances, or other matters crea[ed or occurring
subsequent to [he date hereoi; (c) defecta, liens,
encumbrances, or other matters created or suffered by
the insuxed claiming such loas ot damage; or (d)
defecte, liens, claime, encumbrances, or other mattere
exis[ing at the date ot t6ia policy and known to ihe
insured claiming such loss or damage, either at the
da[e oF this policy or a[ the date such insured claim-
ant acquired an esta[e or interes[ insured by this policy,
unless such defect, ]ien,~claim, encumbrance or other
matter shall have been disclosed m the Company in
writing pnor to the issuance of this policy or appeared
at the dace of this policy on tLe public recorde. Any
rights or defenses of the Company against a named.
~nsured shall be equxlly availahle against any person
or corporation who shall ber,ome an insured hereunder
xa successor of such named insured,
2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS
OR CLAIMS TO BE GIVEN BY THE INSURFD
1'he Company at ita own coat shall defend the inaured
in all li[igation consisting of xctions or yroceedings
against the i~isured, or defensea, restraining orders, or
injunctions interpoaed against a foreclosure or sale of
said land in satisfaction oF any indebtednesa, the
owner of which ie inaured by this policy, which litiga-
tion ia founded upon a defect, lien, encumbcance, or
othe.r mat[er insured against by this policy, and may
puraue such li[igation to final detettnination in the
wurt of last resort. I~ case any such litigation ahxll
become known to any insured, or in case knowledge
sha^ come to any insured of any claim of title or
interest which is adverse to the tide aa insured or
which migh[ cause loss or damage for which the
Company shall or may be liable by virtue of this
policy, such insured shall notiEy the Company thereof
in writing. If auch notice shall not be given to the
Company at least two days before the appearance day
in any auch litigation, or if such insured shxll not, in
writing, promptly notify the Company of any defect,
lien, encumbrancc, or othcr matter insured asainst, or
of any such adverse cla3m which s6a11 come to the
knowledge of such inaured, in respect to which lcren
or damage is apprehended, then all liabili[y of t6e
Company as to each insured having such knowledge
shall cease and terminate; provided, however, that
failure [o ao no[ify the Company shall in no~case prej-
udice the claim of any insured unless the Company
shall be actually prejudiced by such failure. The Com•
pany shall have the right to institute and prosecute
any action or proceeding or do any other act w6ich,
in its opinion, may be neceesary or desirable to
eatablish the title, or any insured lien or. charge, as
insured. In all caees where this policy permita or
requires the Company to prosecute or defend any
action or proceeding, the insured shall secure to it in
writing the right to so prosecute or defend auch action
or proseeding, and all xppeals ~herein, and permic it
tu uee, at its option, the name of the insured for auch
purpose. Whcnever requested by the Company the
msured sfinll aseist the Company in any auch action
or proceeding, m eBeeting eetdement, aecuring evi•
dence, obtaining witnesaes, proxecuting or defending
auch an[ion or proceedinq, to aueh exten[ an~ in auch
manner as ia Jcr.med desirablc by the Company, and
the Company shall mimburee the insured for any
expcnse eu incurred. The Company aha11 be aubrogated
to and be enti[Ied to a^ cosro and at[orneya' [ees in•
STIPULATIONS
curred or expended~by the Company, which may be
~recoverable by the insured in any litigation carnied
on by the Company on be6alf of the insured. The
word "knowledge" in this paragraph means ac[ual
knowledge, and does not refer to conetructive knowl-
edge or notice which may be imputed to the insured
by thc public records. ~
3. NOTICE OF LO55. LIMITATION OF ACTION
A statemen[ in wri[ing 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
ai[er such ]oss or damage ehall have been ascertained.
No action or proceedSng for the recovery of any such
loss or damage shall be instituted or maintained
against the Company un[il after full coa~pliance by
the insured with nll the conditione imposed on the
~neured by this policy, nor unlces commenced wichin
twelve months atter receipt by the Company of auch
written atatement.
4. OPTION TO PAY, SETTLE, OR COMPROMISE
CLAIMS
T6e Company reserves the option to pay, setNe ot
compromise for, or in the name of, the insured, any
claim insured against or [o pay this policy in futl at
any time, and payment or tender of payment of the
full amount of this policy, together with all accrued
costs whicL the Company is obligated hcreunder to pay,
shall mrmimte all liability of the Company here-
undcr, including all obli~ations of the Company with
respect to any litigation pending and aubsrqnent costa
tLereof.
5. SUBROGATION UPON PAYMENT OR SE7TLE-
MENT
Whenever the Company shall have setded a claim
under ihis policy, it shall be subrogated ro and be
entitled to all rights, securities, and rernedies whic6
the insured would have had against any person or
pruperty in respeet to such elaim, had ihie policy not
been issued. I{ the payment does not cover the losa
oE the 1nsu:ed, the Compxny xhall 6e xubragated to
e~ch rights, sec~~rities, and remedies in the proportion
which said paymen[ bears to the amount of said lose.
In either event the ineured ahall transfer, or cause to
be transferred, to the Company such rights, securitiea,
and remedies, and shall permit the Company to uae
the name of the insured in any transaction or litigation
involving such rights, securities, or remedies.
6. OPTION TO PAY INSURED OWNER OF IN-
DEBTEDNESS AND BECOME OWNER Of SECURITY
The Company has the right and option, in case any
]oss ia claimed under this policy by an insured owner
of an indeb[ednees secured by mortgage or deed of
trust, to pay such insured Che indebtedness of the
mor[gagor or [rustor under said mortgage or deed of
trust, together wi[h all cosis which the Company is
obligated hereunder to pay, in which case the Com-
pany ahall become the owner of, and such insured
shall at once assign and transfer to the Company, said
mortgage or deed of trus[ and the indebtedness there-
by secured, and such payment shall termina[e all
liability under this poliey to such insu+ed.
7. PAYMENT OF LOSS AND COSTS OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pay, in addition to any loss inaured
against by this policy, all costa imposed upon the in-
sured in litigation carried on by the Company for the
insured, and in litigation carried on by the insured
with the written authorization of the Company, but not
.
otherwise. The liability of the Company under this
policy shall in no case exceed, in all, the actual loss
of the insured and costs which the Company is obligated
hereunder to pay, and m i~o case slrall such total
liability exceed the a~nov~t of this policy and aaid
cos~s. All paymen~s under this policy shall reduce the
amount of the insurance pro tanto, and payment of loae
oi damage to an msured o ~. of indebtedness shall
redur,e, to that eztent, the, ]iability of the Company [o
the insured owner of said land. No payment may
be demanded by any insured without producing [his
policy for indoraement of auch payment.
8. MANNER OP pAYMENT OF LOSS TO INSURED
Loss under this policy shall be payable, first, to any
insured owner of indeb[edness secured by mortgage or
deed of trnat shown in Schedule B, in order of piiority
therein shown, and if such ownership vesta in more
than one, payment shall be made ratably as their
respective interests may appeay and thereafter any
loss shall be payable to the other insured, and if more
than one, then to such insured rntnbly as their respec-
tive intereste may appear. If there be no auch insnred
owner of indebtedness, any loes shall be pnyable m
the insured, and ~ if morr, than one, to such insured
ra[ably as their respective interests may appear.
9. DEFINITION OF TERMS
1'he following terms when used in this policy mean:
(a) "named insured": the persons and corporations
^amed as insured in Schedule A of this policy; (b)
"[he insured". auch named insured [ogether with (1)
each successor m ownership of any indebtedness
secured by any mortgnge or deed of trust shown in
Schedule B, the owner of which indebcednesa is
named herein as an in ured, ~n(2) any such owner or
soccessor in ownership of any sach indebtr,dnesa who
acquires the land described in Schedule C or any
part thereof, by lawful means in satisfac[ion of eaid
indebtedness or any part thereof, (3) any governmen[al
agency or instrumentalitV acqniring said land under
an insurance contract or guarantee insuring or guar•
an[eeing said indebtedness or any part thereof, and
(4) any person or corporation deriving an estate or
interes[ in said land ae an hei~ or devisee of a named
inenred or by reason of t6e disaolution, mergeq or
consolidation oi a corporate named insured; (c)
"land°: the land desccibed specifically or by reference
in Schedule C and improvements atfixed thereto which
Ly law constiwte ~ real pruperty; (d) "dxte": the
esact day, hour and m~nute specified in the first linc
of Schedule A(unleas thc context clearly requiies a
different meaning); (e~ "taxing agency": the State
and each county, city and county, city and district
~u which said land or some part thereof is aitnated that
levies taxes . or assessments un real property; (f)
"public records": [hose public recoids which, under
the rewrding laws, impart construc[i~~e notice of mab
ters relating to said land.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provision or condition of [his policy can be waived
or changed except by writing indursed hereou or ao
tached hereto aigned by the President, a Vice Presi-
dent,.the Secrctary, or an Assistant Secrctary of the
Company.
11. NOTICES, WHERE SENT
All no[icea required [o be given the Company and any
atatement in writing required to be furniahed the Com-
pany shall be addresaed to it a[ the office which issued
this policy.