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P-48 (2) r~ .. ,~. . 1'.... ~ . . . .. - ,. . . . BllOK351.30 PAGE188 rj11r{)i.~ >:-. 605 -.._~ (CITY CC:l~1i':'IL $) ". A ttEE()L-w", .101i '.Ll[~ Cl';:Y Ccr'!4tHL Of THr. Clfi-'Y;(}F \'>,t1.~~~r~-.., _l".U~--;l<~~_A~J'lHO~\l 1 ;~(:; PURCH", \~ u 1<' GI~i, 1- II. hEAL ;':>ROPF~j-n Y J N :-lAID CITY. THE: CITY no' "l-U. U 1'1' Y I! ?' t',..,;! '1 n d1 \,:l~ n:._Jr~SR: A~-' F'u 1..1.0 ;/E) : 01 "i' r~'1" 1- 'Ihot tiP ! ; t yf,1a.lVppT' be fitHi he j.";,\..,.l,.' hel"~by 1~ &uthor1?ad to .,nter ~rto fH';Crow and do ell thlnfrn nfOc~8~,<+ry tor COflV"'YM1C~ of thl>, follow1.np~ \iefHYt". bedr~!?J. 1"IT'O n~:rty to th~ () t t~' !, r .r:ntR >1emie€> and to ~oeent thtt . d"'f!f1a to p.;:!d 1"T'onfH'ty on lJ"'b.lf 0f 1'.1'111'1 ctty. ';al~ l"ttal nT'onerty 19 dl'!flcrtbed !Hi follow".: Pl'lrcel L AUp'H~t BourRet. own",r L""r:!<!\dl'lf'crl'pt~on - Lot 7. . ... :3. . rj;fp<n'\;"r...ell!~r .,'yndlc8te ;.il'\.nta ~'\1nlc$). 'lr;;ct ! n t!H'! C1 Saot,' :-:,)ntr; n . C-!:l.I:1 t'ornt" H? r',.co...d~d in [1 r) 01-<, 6. -nt-<f"~fl 2(,,-27. of l'l tb~ off' Cf4 .)f ti..itl'lcnY':l "l' Anp'~l"R County. P'll"Gel 2. :,lmon II,Or'i-\leB. ')'Io'ner LpP'"l descrlntlon - lot 1.5. t loch :3 El"k"nbreoh~r 5ynlUoftte Santa Monica Tr,::"ct 1n the 01 ty or t'anta Monica, GE!,l 1 fQrnl1-<. 9.8 [)f'r !!If,() recorded in Book 6. t'Elt-':Pfl 26-27, of l>l$ipS .1Jl tho office nf thp Heco:~'4'~r()rL().f;Al1~~;l.,ell county. S).;CTlor, 2. The GUy "l"k 81:'<1111 certify t-eJ the I\dontton Of tht", r.,fl()lllt~()n MId thenO.,fol"th and th"'rebftf'l" the HHl;tF fi f; 1 torY! full ",,,,(1 "ff"'ct. 10th ADO J"!'i ,1) ;\F'F}{OV D tn\fl ,- u;;sv of December. 1950. - ~ . ........, : "-;:'(" l-JE1ktON "'---'_---~'.:7.j.:--j. 'I. +e'-.------ ~. J. lci,''O'ViU "flynT' ' 'f h"r"'hy c~1"tHy thp: t thl'\ ror~pn1 ng rl"f'I.,ll,t!on 1 l ~1" f _ r~ ~' -.. , - . . .. - . . I' - - . 8001(35130 PAGE188 Jon . 605 -,'"- (CITY C(JI1~H:1L A 'rtES() 1..11':1: 10 r~ Gt'T'! GUniHnL of THy. G1 'jY Of .",\ A"'(l';U,\] n~G '1/J!i, PTlHCH.,; r~ l; jo' UGh TrlN hF.;_~L PHOl'EHT Y IN SAUl ern. '{'!If.: G IT',' Tlit .:- J r~ t" HLU I'l'Y (; P' f. .~t}~ "1A (i,;A R;.t( I LIjE~ AH F'UU.oVS: 9L(,'].'! r}f~l. thnt tr.6 ty I1llnl'fl!'~r b~ 8ml he hp.rpby III ..uthorl~ed to enter irto 4HICr-OW and do 811 thlngn n~o~fl"~r-y for conVI"Y.-;H\C~ of'tllH followlnp' (l"flCr'-bed real OT'ODf"rty to the (;1 ty (;tnntp'kmlca and to Ilocept .tbf? ",..eflfl tel !ptd r->ronl'!rty on b"'!jdf 0f ","Jd city. nid l"f"al ~ronl'!rty 18 Qepcrtbed fir foliow~: J'ercel 1- AllP-1Hlt B(nl'l"'get, o'Wn~r LS'!P:B,l (hu~crl:pt! on - Lot 7. 131;-'1ck :3, 'rlfp'rlbre(~l"'~r ;jymUcs,te ;,...ntllf.-lon1ca 'l'rl\ct 1 n thf" e, t;:; t,r buT't ," ::onlcn, ::nllforni", H? n r rl'!coJ"d~1'I in PaoJ-( 6, nfl-pAS 2 (.-?-7 , of >,,<,,1" \ Ji th~ off~ C~ ,')f the' Heoar:'! ",1'" <of' LOR Anp"",l~F! County. Pflroel 2. f,tmon, r>,nralee ,0"'nf"1'" Le"'HldfllsorliJUOn - Lot 15. block Lrlumbrechi!>.r f\;yn.d1cate Santa !.{onlca TrFl,ct in thp.Cl ty or Santalionlca, Gallfcrnh. as PP1"tllbO recordfl!d in Hook 6. pag..a 26-27. (}f ~.,ps in the office ,,1' the H(lh1i.iM~r ':>'!'i.of; ...nf\eles County. St;,GTlON 2. Thfi! <;1 ty G1"'r)( ShRl1 Qertlf'y to the sa:lntLm of thtp l""!flO)Ut'_(Hl and thenceforth 800 th"!reF.it't!-"1r th., HHiJ-!" Bz,!:l lJe \ nfll1.l rt'TC~ "'ff"'t.t. d "'''TV'' t,. 12th .<ijt of Decem):)er, , 19.50. CdL,. Ar i'hi, ~ l) o{~____ . . G"Rn" l~EIk,cOF _~'_-~_J'N;t_r{ -l'~- ~_~__.~- M~y()r ."p ': h,,"'~by c~rt4 f}' th", t th~ t'orp.p'n\ n~~ r~fH)l 11tion ... ll. I -.. 7".1 "'--'11!"'" ? .-"" ......-......~' - - ....- - .., .........:..:......~..-........ _._~- ~.0r . . .a. . . ... ... ;l . . . . BOOR35130 PAGE189 vfl.st'lulyat'loptedby the C ~ ty CO\lnc! lo! the GUy o! Santa. r,IOl'l'CnSlt Il. r'!t.~!1 ar mf>~t th"'reof }~~1 (1 on the ..JZth day - of n~o"rnber. lQ50, by the follow1nF. vote of the CotmaU: .,~YEg : CouncUmen: Barnerd, tleklntrHJ'n, Hart, MeGf:lll't.hy, N01lso11 : Coune Hl!Htn: NonE! AI3Bl:~NT: Cnuncll111eh: do,tee, tiuerdo - APnrOve(l Elfl to form th,h 12th day of' December, 1',.50. fHfY..;".L rL. ;.)~.J: t4t,:',':"H Roy-1'l1 M. Sor',cnspn, cT t y--ittor'11<ey' 2 ...., - .,. , .- . . . . . ... .. . . .. ? . . . I Book35130 PAGf189 I wl:tsduly adol'tec1 by the G \ tyCmalc! 1. of the 01 ty of Banta M.on1ca !<It Ii regular ~ nlf'll!t therf'of 1\,..1 d on the ~ dAY P"cember, lQ50. by thefollow1rlv vote of th,.. Counc\l: i~.YH:B ; C(')uno11111en; Barnard J tick'; PJ?-"m, nf"rt J }ICCt2\l.thy, N01lson no };B ; Counc Hmen: None ABHCNT: Counallmen:Gutes. Guercio - ApP~oved as to torm thlp 1.21;h aAY or D.c~mber, 1'150. Ruy,,,t If,. t>th"lH,"f4 Royal M. SO'ri'1nserl. 'oity-Attorney'- 2 ....,/} ~ " e ~. ~, . > · "', '4tff J., , .. . 'G D ~'~ / .. . rant ee' 1 c.; r <<~'- S_) ~~~~~~~:.~~:~~.'::.~:.::.::..:~.~~::::.'::.'::::.-.'.'.~~'.~'.'.':::::::::::::....::::::::::::'.::::':::'::::#:::::.t'r[:~'~)"'::"::: For a Valuable Consideration, the receipt of which is hereby acknowledged, do........ hereby GRANT to.......Ci-t,...ot...Saut.a-.Mcm1oa...&..muni.oipal-..oor-por-..tioa-,-.m....................................u__............................._ ..u......_n.nn..__...___n_n_U._________________.u...__u.n___n__..___..._________.._.____..____..n___________________.______________.___n___._____._____n___u_._______n___._.u...___nun___.___h all that real property situated in the County of........Los...Aagel.e............__................., State of California, described as follows: IPt 7, B:Loolc 3, Erkenbreoher Syndioate Santa Monica Tract, .s psr map reoorded in BOOk 6, Pages 26 and 'Z7, of Maps, in the offioe of the county Reoorder of said CountYe Subject to: Seoond installmeD'b of taxes for the fi soal YS'ir 1950-51 .Covenatrbs, OOJ!lditioDs, restriotions, resehrvatioDS, rights, rights of way. . .... .easements, and the exception of water on or under said land, now of reoord, .... if any. . . l · · ,.. .... cj,~-~.~ -~l . . ...... ...... . . . . . . ... . . . .... .. . . . .... .... . . . .... Dated..__....~~P.~r...9....l.9.5.9............. .~..~~..f!1.e:.:!.:.f::.?..~............. ____nn____n_.____._n......_..........._*__._*n._***_**_*_*___*n**___*_*....._....__n____n*__*........._... ...~--u__~~...m.....m.mm....__m.. ...u~.._~......_~_.__~~_........_~._..__......uu.....u......_u......._.._.._.........__................_.._.....__........._._..... SPACE BELOW FOR RECORDER'S USE ONLY STATE OF CALIFORNIA l COUNTY OF SS, ._____.~..A~!1!!!!.~I..________________.__________............____ December 9. 1950. . On_._________....__....._____.....__.___.____.............................___....................... before me, the undersigned, a Notary Public in and for said Counly and State, personally appeared ; I -...~.st...~.our.ge.t...a11d...~..~o.ur.get...--.... .~~~-t"i.TOF .__...u.~.._.._.n..n..................n._...__..__..............................................__..... ........_hh..........nn........._...~....n....n........n....nn_n................_.....n.......... nTlE INSURANCE & TRUST CO. .._..................n_n.un.nun..._..h..hn..._nn. __n....n.nn.nnnn...n.....__n_......._ ~ !!C known to me to be the person-I. whose nam~......~9..___... OEC211950 AT 8 A. W. ~ subscribed to th't, within inst~ument and acknowledged that .........---:tlwf,.':..:".,:------.--exe~uted the samee BOOK~}.5:1 :30 PAm: 188 ~~ WITNESSmybimd and offici81,se"al, INOFFICIAL RECOtU)S .-- .' '. ,....~,' Ooualty of !.De ~. CaUfotnhl ''-' ~~: { Fee $ } /1 ~_-<-- <.0 ~i CO "/~f touAIJ.... '<-I (Seal .. >N '~:R;;j;ttd''i~:--''~' or '~;rld--C~;;;;tY'~;;d si~i;:"'" IItr ~~ ./ ..!!'t '1 ~' ',; . , ~;,r ...r I tI \ - '~"C- . " '- ~ ! f^: ' . e , : : . , .. .. . : : .~ j~~ :a . ,. : : : :.. ;~ .. ! i.. J i:l:l ! ~ =l e . I ; .; := . , --~ :P"l; .. : . . t\I' ~ . . . :. it: ~P"l! '" I:; 1 ;a8 : 4)" o ~ : Ill.. o :n t> '" E= 0 j 1 ~ '8 H . :CIS .P"l , ~f5 g =-~ ~~ 'P i Eo- en B 1... ed ~ ii < en~ 1:= ~ bO P"l "a .. 1..'1'. ~ en::lil; 8'" 02: $:I ....: ~ ~ . e3 as ~ '..-l ~ .0 ~ ~ ~ ~ 1Il i::a ~ ,,,- ... ~ It ~ Cl! 11 .i>' ;(1\ s:l i\-\ ~ ~ Cl)l ~ : () I+> II) ~~O'!i.f ~ {,.1 en : o:~ r o : . ~.... i ~ . ~~ --a O. ~~ CI.) ~... .... CI.) . . .... 0 Ill~" .. . !; .. . . . 0 . ... . . ...... . . . !'-< .. . .. .. ~~ . . s::: Q . ...... . .. . . . . cd.... r=-..: . . ~~..: . .. . . . ~ 1(. . . .. ~... * . . . III . . =:I . il .. -d Cf).. r . . . . . .,. . .. .. " .. . ':;j OJ' Q ...... ...... .... . . . . ... . . . . . . 'I --..... . . .... .... . . .... . -' ~. ,r I . ....:,". 1-:!:#,'.Y"\ "'''', " , , , . .. ... . . . , . Cttnutttg It! Lts lutgtlts ( ~1i !\ngtus la. Cltalifnrnta \\ 1,\ i ~~~... J. M. LOWERY ~J- COUNTY AUDITOR )) , MARr;JUITA DORSETT, CHIEF" September 7, 1951 G~'i.J. Taylor DIVISION OF" TAXES Attn~ K. O. Grubb, City Clerk City of Santa Monica City Hall c.l') . Santa Monica, Calif. c-;. ~..."",- - ;; Dear Sir: ..,}-~,~ _~,~ ('""""') l-i1 C) ~ D Pursuan\ to your letter of May 3',1951 , and -.-- (0 - ...... , - upon order of the Honorable Board Of Supervisor~ -".",-. r- -....,. ..., (...l-f dated March 27, 1951 , taxes were cancelled on' - the ~ollowing described property by our Authori- zation No. 13355 ~. Lot 7, Block 3, Erkenbracher Syndicate Santa Monica Tract in the City of Santa Monica, California as per map re- corded in Book 6, pages 26-27, of Maps in the office of the Recorder of Los Angeles County. Very truly yours ". J. M.~Y-COUNTY AUWTOR ' ./ (/1 " By .-' /v~;;r.e -4 gpA:-~Yh-?~cf-- ~r qu-;i.t&-~l)o-.F s-e t t...Gh i e1' - TaX Division MD~GT:ew ---------- ------- . . , 1012.1,~O CLTA Standard Coverage Policy Form Copyright 19S0 . . - . . .. . . , j - . Fee $ 79.00 POLI~Y 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 o-r 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 SlM.~ e'~ c . .... '. .', ~SIDENT ~ ,I' " ~ " - .- - - - .." - - - - ,- -, ,- - -, Attest SECRETARY //il /1" 'p . cdm . 1012.A-1-50 . . . . . . . I . - . SCHEDULE A Amount $18,000.00 Date December 21, 1950 at 8 a.m. Policy No. 3369251 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: Lot 7 in block 3 of' the Erkenbrecher Syndicate Santa Monica Tract, in the city of' Santa Monica, as per map recorded in book 6 pages 26 and 27 of' Maps in the of'f'ice of' the county recorder of' said county. .., 6S,...' r. y \,j - r,,\'::<> fj 3!IJ/rd cIJ.JJ..d * 1./ r .. . 10128 6-50 . . . . . . SCHEDULE B < 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 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 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, regulati ons or prohibitions. PART 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: l. Second installment general and special county and city taxes for the fiscal year 1950-1951, (Code Area 4788, Parcel No. 326-39-34) amount $165.18. . . 1012.C.6-50 . . . , . STIPULATION S . . 1, SCOPE OF COVERAGE curred or e'Apended by the Company, which may be otherwise. The liability of the Company under this recoverable by the insured in any litigation carried policy shall in no case exceed, in aU, the actual loss This policy does not insure against, and the Company on by the Company on behalf of the insured. The of the insured and costs which the Company is obligated will not be liable for 108s or damage created by or word "knowledge" in this paragraph means actual hereunder to pay, and in no case' shall such total arising out of any of the following; (a) ddcets, 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 costs. 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 lo~s encumbrances, or other matters created or occurring or damage to an insured owner of indebtedness sball subsequent to the date hereof; (c) defects, liens, 3, NOTICE OF LOSS. LIMITATION OF ACTION reduce, to that extent. the liability of the Company to encumbrances, or other matters created or suffered by the insured owner of said land. No payment may be the insured claiming such loss or damage; or (d) A statement in writing of any loss or damage for which demanded by any insured without producing this policy defects, liens, claims, encumbrknces, 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 shall be furnished to the Company within sixty days insured claiming such loss or damage, either at the after such loss or damage shall have been ascertained. date of this policy or at the date such insured claim. No action or proceeding for the recovery of any such 8. MANNER OF PAYMENT OF LOSS TO INSURED ant acquired an estate or interest insured by this policy, loss or damage shall be instituted or maintained Loss under this policy shall be payable, first, to any unless such defect, lien, claim, encumbrance or other against the Company until after full compliance by insured owner of indebtedness. secured by mortgage or matter shall have been disclosed to the Company in the insured with all the conditions imposed on the deed of trust shown in Schedule B, in order of priority writing prior to the issuance of this policy or appeared insured by .his policy, nor unless commenced within therein shown. and if such ownership vests in more at the date of this policy on the public records. Any twelve months after receipt by the Company of such than one, payment shall be made ratably as their rights or defenses of the Company against a named written statement. ycspective interests may appear, and thereafter any insured shall be equally available against any person loss shall be payable to the other insured. and if more or corporation who shall become an insured hereunder 4, OPTION TO PAY, SETTLE, OR 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 DO such insured The Company reserves the option to pay, settle, or owner of indebtedness, any loss shall be payable 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 as their respective interests may appear. OR CLAIMS TO BE GIVEN BY THE INSURED claim insured 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 this policy, together with all accrued 9. DEFINITION OF TERMS in aU litigation consisting of actions or proceedings costs 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 01 the Company here- (a) "named insured": the persons and corporations injunctions interposed against a foreclosure or sale of under, including all obligations of the Company with named as insured in Schedule A of this policy; (b) said land in satisfaction of any indebtedness, the respect to any litigation pending and subsequent costs "the insured": such named insured together with (1) owner of which is insured by this policy, which litiga- thereof. each successor in ownership 01 any indebtedness 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. SU8ROGATION UPON PAYMENT OR SETTLE- Schedule B. rhe owner 01 which indebtedness is pursue such litigation to final determination in the 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 have settled a claim successor in ownership of any such inde.btedness who become known to any insured, or in case knowledge shall come to any insured of any claim of title or under this policy, it shall be subrogated to and be acquires the .land described in Schedule A or any interest which is adverse to the title as insured or entitled to all rights, securities, and remedies which part thereof, by lawful means in satislaction of said which might cause loss or damage for which the the insured would have had against any person or indebtedness or any part thereof, (3) any governmental Company shall or may be liable by virtue of this property in respect to such claim, had this policy not agency or instrumentality acquiring said land under policy, such insured shall notif)r the Company thereof been issued. If the payment does not cover the loss an insurance contract or guarantee insuring or guar. in writing. If such notice shall not be given to the of the insured, the Company shall be subrogated to an teeing said indebtedness or any part thereof. and Company at least two days before the appearance day such rights, securities, and remedies in the proportion (4) any person or corporation deriving an estate or in any such litigation.. or if such insured shall not, in which said payment bears to the amount 01 said loss. interest in. said land as an heir or devisee of a named writing, promptly notify the Company of any defect, In either event the insured shall transfer, or eause to insured or by reason of the dissolution, merger, or be transferred, to the Company such rights, securities, consolidation 01 a corporate named insured; (c) lien, encumbrance, or other matter insured against, or and remedies, and shall permit the Company to use "land": the land de!lcribed specifically or by reference of any such adverse claim which shall come to the knowledge of such insured, in respect to which 1088 the name of the insured in any transaction or litigation in Schedule A and improvements affixed thereto which involving such rights, securities, or remedies. by law constitute real property; (d) "date": the or damage is apprehended, then all liability of the exact day, hour and minute specified in the first line Company as to each insured having such knowledge of Schedule A (unless the context clearly requires a shall cease and terminate; provided, however, that 6. OPTION TO PAY INSURED OWNER OF IN- failure to sO notify the Company shall in no case prej- DEBTEDNESS AND BECOME OWNER OF SECURITY different meaning); (e) "taxing agency": the State and each county, city and countY'. city and district udice the claim of any insured unless the Company The Company has the right and option, in case any in which said land <<],1' 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 have the right to institute and prosecute of an indebtedness secured by mortgage or deed 01 "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, as trust, together with all cost8 which the Company is insured. In all cases where this policy permits or obligated hereunder to pay, in which case the Com. require8 the Company to prosecute or defend any pany shall become the owner of, and such insured 10. WRITTEN INDORSEMENT REQUIRED TO action or proceeding, the insured shall 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 01 this policy can be waived or proceeding, and all appeals therein, and. permit it by 8ecured, 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 such insured. 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 POLICY 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 loss insured manner as is deemed desirable by the Company, and against by this policy, all costs imposed upon the in- All notices required to he 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 shall be addressed to it at the office which issued to and he entitled to all costs and attorneys' fees in- with the written authorization of the Company. but not this policy. - .----.- .- , . . . - . ~ .. ~ . , L , .. V ERKENBRECHER SYNDICATE SANTA MONICA TRACT BLOCKS 3 AND 4 IHIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.