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P-52 (3) ... ~ --. ........,.----.......... .-....-""'. ~ , .. ' c ~ e ~..' ... ... ... .... . :: ~ ~ . ~~. ~ L' ") :::i _ .' <t -' -:..> .' ' ~. ~; REBOWffIONffO.,668 DISiD NO. 52 ..>:.~) r-c .:) ... . . - ~- (CITY COUNCIL SERIES) ~- c'-., ~....J :.: 'j A RESOLUTION OF THl!: CITY COUNCIL OF 'tHE OITY OF SANTA MONICA AUTHORIZING THE CIn MANAGEl TO PURCHASE OERTAIN REAL PRoPF.JlTY IN 'J."HE CIn or SANTA MONIOA. THE CITY COUNCIL aFmE CITY OF 5ANTA.M'OJttCA DOES RtSOLVE AS FOLLOWS: sEeTIOI 1. lJ.11at the C1 't1 Manager 'be an4 he hereby 1_ au'thor1ud to enter 1"to e.orow, acoapt the grant 4.e4, and do all things nece...r1 to coap1ete conYeYaDce ot the tolloWing described real pPO~ert1 to the oit1 ot Santa Monioa. Said NUll prot)ftJ"t, 11 dflllor1bed. as tol10w.: Lot 5, Block ) ot the Erkenbreoher Syndioate Santa Honloa Traot, 1n the Clt1 ot Santa Monloa, County ot LOB Angele., State ot Calitorn1a, as per aap reoorded 1n Book 6, Page.. 26-27 ot Hap8 1n the Ott10e of the aeCorder or Lo. Angele. Count,. OWner; Nora 1>.Rlokaan, a w1dow. SECTION 2. ~he 01t, Olerk .hall certity to the adoption ot th1e resolutIon and thenoeforth and thereatter the ..... shall be 1n tu11 roroe and erreot. ADOPTED and APPROVED th18 2L day or 'March . 1951. ;: ,,0// //~ 'I.'..',... / '/" " (.I'e.. /'; e . A'l'TE5!..:~...',.., ....'........ ?/lWlt" ;'/. i';A'/L". . ... . . . ...." . ' lla)'oJ' CitY!:l I her.b, oertir, that the ror~golng re801ut10n va8 duly adopted by the Oit1 00un011 or the Clt1 o't Santa Konica 1 .' - . e - .. .. ~'14 ' " . . '" BOOK36041pAfif273 at a I~BeguJt meeting thereof he14 on the ?7+.P. 4&1 of )(A.oh ' 19S1,by the following .ot. of the Oouncil: AYES: Ooun011...: Barnard, Dickinson, Guercio, Ha.rt, ':ccnrthy, Heilson, Gll,tes. ROES: Counol1men: None ABSENT: CounoU...n: None ~ L 2 t<, d ;>-.2 ) . e .- e . . . - SPACE ABOVE THIS LINE: FOR RECORDER'S USE ~ :v PLACE INTERNAL REVENUE STAMPS IN THIS SPACE ;n3 Grant Deed ~ j ,1CA~~. R. s. $~.~::..':....... 39$ 4-50 THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, NORA. D. RICKMAN, a widow , do es hereby GRANT to CITY OF SANTA MONICA, a municipal corporation the real property in the City of Santa MOnica county of Los Angeles , state of California, described as: Lot 5 in Block 3 of Erkenbrecher Syndicate Santa Monica Tract, in the City of Santa Monica, County of Los Angeles, State of California, as per map recorded in Book 6 Pages 26 and 27 of Maps, in the office of the County Recorder of said County. SUBJECT TO: 1. General and special taxes for the fiscal year 1951-52. 2. Second installment of the general and special taxes for the fiscal year 1950-51- 3. Covenants, conditions, restrictions, reservations, rights, rights of way and easements of record, if any. Dated: .m..~r.,c,lL22.,.l251.......................... .,71-~_.A2.".~-z,'~Lr~~'". ____...u...u...................__.............................................................. _.~ _h...un........__...................u...__..._..........._..._.............h.n....n...... ....O...__.._.._n.......u..n_n..n..h...__........h....nn........n...........__..__.__. BOOK36041PAGE274 STAT' 0' eAU'OON" l SPACE BELOW FOR RECORDER'S USE ONLY COUNTY OF mmu;J;.QIJ.4Dgl;llllHtmmu,m. mUUUu 55. On 'm.um~c.b.,.22"lj5.1uuumum""uum.'mu,um., DOCUMENT No 392 before me, the undersigned, a Notary Public in and for said County and State, personally appeared ..."... ...u~Qr.~::~~:.B:i.~~~.::::::::::::::::::::::':::::::::::::::::::::: RECORDED A T'REQUiiST"OF -_.~:~-:~},.:~,.._"::,.~;.~:...-;.;:".'..:-:r....~....__.................................-.................---.. TITLE INSURANCE. & TRUST CO. fill 0.: . :. ~ ~2. ::.~.."~.:...:.. -!,-' .{"!:..,:..:~~: :.;.::~u.t_.. .............. ...~.. "'. ....... ...... ....... .. ... .., APR 13 1951 AT 8 A. M. kn~'..4i to -me to. be i~'1>ersO:~....,. whose name............iS.n..... ~ SU~8Clib.lld to the ,wit i!, ,inatrument and acknowledged that BODK36041PAGE2'72 ~.~ 'ahe ."/' '.' .r.";.;_~\..;::..:,;:::~.._._.:..:}_i,~.0ex~.cut~- the same. . IN OFFICIAL RECoRDS .iJ WI.iN~~~ ,.by .l!a~d'.!,~:official seal. ~~ty ~~geles. California ~ L OJ M~e ~lj a, , . (Sea\) .u.u u"u........ ' ....u.......""....".........."......"u"u__"u".. ' ut, otary Public ill and for ,aid County and Slale. I ,II' S".2 ~ I U ~ G 1 Z Z ~ ~ C\I 0 I ...,.""'" ~ ~ r-! 1}} 4( I ~ ~ ... '"" ..: 0 ';l-<...... >",t.:: < < ~ ~ ~i a~! ~~ ~~ ~i ~ ~ ~ ~ ~ z ~ ~ ffi ~ Q ~ - ~ < - ~ z ;;;i z""" ~< z> Zz O~ o~ ~~ ~~ ~~ ~~ ~; ~< u~ u< t~ z> O 0:..1 -.. 0 ......{/) Z f-' r-oJ.ol ;::J""'" CT'J. Q u~ s~ ut" u~" ~~ ~~ 3~ o~ ~ ;z; U 0, ~ u ~ :=1 ~ 8 ~ ~ f -< ~ u ~ u ~ ~ < ~Q z< -00 ~~ o~ ~~ ~~ ~~ ~ ~~ ~~ OOz _< ~ <w ~< ~- r--'I ~ ~~ tIJ~ ~:< QQ !:\J} J:Q~ j:;: f-1:; ~ 00 ~~ >~ ZZ ~< w ~~ ~~ r.....1,.1\ ~ J.ol ~ ~ 0 -< 8 ~ e! ~ ~ f:-t gs ~ ~ ~ ~~ ~~ u ~~ ~~ z8 z~ ~ ~ .., ~ :3 ~ M ~ <~ J3rn ~ r-i ~ __ ,~ 0 ~~ 0 ~ ~ ~ fI4/IIi ;iI':;...... r-! r-- ~ 'o::fl ~ ~ ~ r-- ~ io-I ~ ;:!: ~ I I ~ ~ h,.." ~ ~ u ~ ~ r~" Z Z r; ~ ~ ~ z ~ ~;;;~~ 1--1 ~coU..::i >----, ......... "... 0 t.. " o Q 0 "'1".1;; ~ E-< r.fJ.z :;;o~ ~ Z-<U~~J) ~ io-I r::......~;:!1~ ~ [:"""" ,,0- ~ ~ r.fJ. :::x:Jj ~ ~ ;;;i ~ I rl'. ~ ~ ~ I' '-" io-I ~ "" ~ ;;f I ; 1 r~-' "" : ~ h,.." ~ i U ~ ~ : >-::7 o-l o i ~ ~ ~ r; ~ ~ "E ~.p -< ~ ~ , '< d ~ !;I:l fIVIi ~~~'" ..0: 9i ;:s -r-! 'H ..c: &lJ ~ ~ co u .s ..0' ....::t: '" l:l ~ tQ <!/ >----, ......... . (\I' t'-' I<l 0 ' ~ " I". ... ..0 [ ....::t! "S ia ~ 01 ~ ~ r.fJ. Q 0 ~ I". ~ Si, co, * 8 '" ; : -r! >-::7 Z ~ 0 ~ C"'\; : ~ 1<l1i ..t JfIl ~-<U o~rn ~ if ~ i\li..o :~ ......... ~..,.,-, ~... z u:tr-l-,-f 0'0 ......., r::......o""z . <= d> I<l' I:l ' [:"""" ,,0 OJ ~ j ~ ~ ~~~ ~~ ~ r.fJ.:::X:J!i ., ... .. : ' .. ,-, >----, tI:I "E 0 i3 ~t>~ mt> ~ to-' b o ~ -0 .,-f..-IQ _,_h.-l ~ ~ 0 ., e ~ qo <1\ ~o ......... ~ rn "+:: 0 Co) ;tq-- ~ ..... U'1 Q;I . , . ~ Cf:) E-< ~ ~ ; , . [:"""";;f ~ U ~ "' Z Z ~:3 ~ 0 ___ ~ jZ; W r-! ~ -< -< ~ ~ ~~ '"" ~ 8~; ~= ~ = ~ ~ ~ ....... ~ z 0 ~ ~ < ~ ~ ~~ w ~~ ~~ ~~ z= ~ ~ ~ ~~ ~~ ~~ ~~ oS 5~ ~> ~~ >----, ~ ::>,: ~.. :0" ::>"" u'" u"" t.. z'" ,..., 0:-:1 Z", 0 011) ;2'; fooo......~ l- ~ rl"\ ~ O. u i:J :0 '" u': u..r 0"" ." Z ::>"' 15"' \I~ z. 0 ~ 8 ~ ~.tJ 0 ~ ~ ~ ~ ~ 8 ~ u ~ ~<U ~m ~ ~e ~kJ Q:l~ =~ ~.;<!; <fIl ~ o~ ~< ~ ~~ 0= ~~ ~< ~z ~ I:.....i. ~; ~~ ffl~ Oc en!;; ,CQ~ <):El ~.:;; ~ 0= ~~ ~~ z~ 5< /I) S~ z~ , r~-' rl"\ >< '" ~ i:!a s: Jj l;l ..::i ~ ;:; ~ E-<:Z ~ r;: ~ ~~ ~.~ u ~ ~ z~ z: ~ ~ ., ~ ~ \t:l M ex) <;; ci30n oc:f' 1"""1 ~ __ 0 ~ ~ ~~ 0 ~ ~ I:....i f/VIJ z. 1"""1 1"""1 t- ~ """ ~ ~ ~ ~ ~ io-I r::...... ~ )~. e ~ [:"""" e ~ I .....,j r ) . - . , I .. . C!tnuutu nf 11jnn l\ugrlrn jjnli !\Ugtltli 12. C!raltfnrma J. M. LOWERY Attn: G.W.Taylor CDUNTY AUDITDR MA~QUITA DORSETT, CHIEF July 24, 1951 TAX DIVISION File: ~~' t,.;..., --.., -~' "",,,-- ...0 K. O. Grubb, City Clerk ,,'l\.~ '" City Hall - City of Santa Monica :t> Santa. Monica, Calif. G :P" C Dear Sir: -n ,.,_."'~' Pursuant to your letter of May 28, 1951 and upon order of the Honorable Board of Supervisors dated June 19, 1951 taxes were cancelled on the folloWi~ described property by our Authorization No. 1396 Lot 5, Block 3 of the El"'kenbrecher Syndicate Santa Monica Tract, in the City of santa Monica, County of Los Angeles, state of California, as per map recorded in Book 6, Pages 26-27 of Maps in the Office of the Recorder of Los Angeles County; and Lot 12 in Block 4 of Erkenbrecher Syndicate Santa Monica Tract. Very truly yours, . . J.M. I,OWERY, COUNTY AUDITOR ~,,~~ By George G. Simcock-Chief Tax Division. GWT: Ie 1012.1-50 . e CLTA Standard Coverage Policy Form. Copyright 19S0 , Fee $ 3 7 . 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 SlM.~ ()'~ PRESIDENT ,~ Attest SECRETARY HBl . . . . .. , . . . . v ~ ERKENBRECHER SYNDICATE SANTA MONICA TRACT BLOCKS 3 AND 4 I HIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. ) v . . . I .. , Cltnuutl1 nf 1EUli l\ugrlrli Ijns Atlgrbs 12. QIultfnrlliu J. M. LOWERY Attn: G.W.Taylor CCUNTY AUDITCR MARQUITA DORSETT. CHIEF July 24, 1951 TAX DIVISION F 11e: ... ~;::~..// \;1 ,~ (r.~ .~ c:: .- -- 1:~~. ",.~...- :;;: c 0 K. O. Grubb, City Clerk ,;!;;,~ (') City Hall - City of Santa Monica 'P" Santa Monica, Calif. ("':) :P- C. c,n Dear Sir: 11 -~ ,~,., pursuant to your letter of May 28, 1951 and upon order of the Honorable Board of Supervisors dated June 19, 1951 taxes were cancelled on the folloWi,~ described property by our Authorization No. 1396 Lot 5, Block 3 of the E1"'kenbrecher Syndicate Santa Monica Tract, in the City of santa Monica, County of Los Angeles, State of California, as per map recorded in Book 6, Pages 26-27 of Maps in the Office of the Recorder of Los Angeles County; and Lot 12 in Block 4 of Erkenbrecher Syndicate santa Monica Tract. Very truly yours, . . J.M. flOWERY, COUNTY AUDITOR ~-r!~ By George G. Simcock-Chief Tax Division. GWT:le lOti.~"O . . CLTA Standard Coverage Policy form . . . CopyrigHt 1950 . . ~ Fee $ 37 . 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 S lM. OA\ ()'~ PRESIDENT ,<'" / " - Attest SECRETARY HBl - ----------------- yb . . . . . '1012A 2.51 CLTA Standard Coverage Policy I SCHEDULE A Amount $ 4,000.00 Date April 13, 1951 , at 8 a.m. Policy No. 3426266 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 5 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 office of the county recorder of said county. . 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, regulations 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: 1. General and special county and city taxes for the fisc al year 1951-1952, a lien, not yet payable. 2. Second installment of general and special county and city t axe s for the fiscal year 1950-1951 (Code Area 4788, Parcel No. 326- 39- 33) , amount $39.08. w . . . lO12-C-6,50 . < . . . STIPULATION S . 1. SCOPE OF COVERAGE curred or expended by the Company I which may be otherYiise. The liability of the Company under tbis recoverable by the insured in any litigation carried policy shall in no case exceed, in all, the actual Iou 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 i. obligated will not be liable for 10s8 or damage created by or word "knowledge" in this paragraph means actua] hereunder to pay, and in no case shall such 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 COBtS. All payments under this policy shall reduce the no pecuniary loss to the insured; (b) defects, lienll, 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 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, 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 shall be furnished to the Company within sixty days in~ured claiming such ]088 or damage, either at the after such lOllS or damage shall have been ascertained. date of this policy or at the date Buch immred claim. No aClion or proceeding for the recovery of any such a. MANNER OF PAYMENT OF LOSS TO INSURED ant acquired an estate or interest insured by this policy, loss or damage .ball be instituted or maintained Loss under this policy shall be payable, first, to any unless such defect, lien, claim, encumbrance or otber againsl 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 unleN 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 Itatem.at. respective interests may appear, and thereafter any insured shall be equally available against any person 1088 shall be payable to the other insured. and if more or corporation who shall become an insured hereunder 4. OPTION TO PAY, SETTLE . 01 COMPIOMISE than one, then to such insured ratably as their respec. 89 successor of such named insured. CLAIMS tive interests may appear. If there be no such insured The Company reserves the option to pay. .ettle, 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, Ihe insured, any ratably as their respective interests may appear. OR CLAIMS TO BE GIVEN ay 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 this policy, together with all accrued 9. DEFINITION OF TERMS in all litigation consisting of actions or proceedings coUs which the Company is obligated hereunder to pay, The following terms when used in this policy meaD: againsl the insured, or defenses. restraining orders, or shall terminate all liability of 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 (I) owner of which is insured by this policy, which litiga. Ihereof. each 8uccessor ;n ownership of any indebtedne.s tion is founded upon a defect, lien, encumbrance, or secured by any morlg~ge or deed of trullt shown in other matter insured against by this policy, and may 5. SUBROGATION UPON PAYMENT 01 SETTLE- Scbedule B, ,be owner 01 which indebtedness i. pursue such litigation to final determination in the MENT named herein as an insured. (2) any 8uch 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 indebtedness 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 l!Iubrogated to and be acquires the land described in Schedule A or any interel!lt which is adverse to the title as insured or entitled to all rights, securities, and remedies which part thereof. by lawful means in utisfaction of said which might cause loss or damage for which the Ihe 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 acquirin&, said land under policy, 8uch insured shall notify the Company thereof been issued. If the payment doe. not cover the 108s 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 anteeing said indebtedness or any part thereof. and Company al 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 beau to the amount of laid los.. interest in said land as an heir or devisee of a named writing, promptly nolify the Company of any defect, In either event the insured shall transfer. or cause 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 agaiost, or and remedies, and shall permit the Company to use "land": the land dellcribed IIpecificaUy or by reference of any 8uch advene claim which Aban 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 loss involvin.g 8uch rights, securities. or remediee. by law constitute real property; (d) "date": the or damage is apprehended, then all liahility of the exact day. hour and minute specified in the fint 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 INSUIED OWNEI OF IN- failure to so notify the Company shall in no case prej- DEaTEDNESS AND BECOME OWNEI OF SECUIITY different meaning); (e) lOtaxing agency": the State and each county, city and county, city and diatrict udice the claim of any insured unless the Company The Company has the right and option, in case any in which said land or some part thereof is situated tbat 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. ;n its opinion. may be necessary or desirable to mortgagor or trustor under said mortgage or deed of ten relating to Baid land. eSlablish the title, or any insured lien or charge, a. trust. together with all cosh which the Company is insured. In all case. 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 such insured 10. WIITTEN INDORSEMENT REQUIRED TO action or proceeding, the insured shall secure to it in shall at once assign and transfer to the Company, said CHANGE 'OLlCY writing the right to so prosecute or defend such action mortgage or deed of trust and the indebtedneu there- No provision or condition of this policy can be waived or proceeding, and all appeals therein, and permit it hy secured, and such payment shall terminate all or changed except by writing indorsed hereon or at. to use, at ils option, the name of the insured for such liahility 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, oblaining witnesfl.es, 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 1088 insured manner as is deemed desirable by the Company, and against by this policy, all costs imposed upon the in. All noticee 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 8ubrogated insured, and in litigation carried on by the insured pany shall be addre.sed to it at the office which issued to and be entitled to an cost. and attorneys' fees in. with Ihe written authorization of the Company. but Dot thie policy. . . . . . ' , . . V ERKENBRECHER SYNDICATE SANTA MONICA TRACT BLOCKS 3 AND 4 I HIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.