P-326
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Form 1002 12-I2~8 60M e - ~JP
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California Land Tide Association Standard Form . '. ..
CopJricht 1938 ,
'.. c.. ..1 /t....l. .......i......../........ Policy No. 1622605
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;;;;;~~g~~ranc~ and grost Company
a corporation of Los Angeles, California, herein
called the Company, for a valuable considera-
tion paid for this policy of tide insurance,
does hereby insure
CITY OF SANTA MONICA,
a municipal corporation,
together with each successor in ownership of any indebtedness secured by any mortgage or deed
of trust shown in Schedule B, the owner of which is named as an insured, and any such owner or
successor in ownership of any such indebtedness who acquires the land described in Schedule A,
or any part thereof, by lawful means in satisfaction of said indebtedness or any part thereof, and
any person or corporation deriving an estate or interest in said land, as an heir or devisee of a
named insured, or by reason of the dissolution, merger, or consolidation of a corporate named
insured, against loss or damage not exceeding Twenty-f'i ve Hundred Dollars,
which any insuredshal1 sustain
by reason of title to the land described in Schedule A being vested, at the date hereof, otherwise than
as herein stated; or
by reasoQ. of unmarketability of the tide of any vestee to said land, at the date hereof, unless such un-
marketability exists because of defects, liens, encumbrances, or other matters shown in Schedule B; or
by reason of any defect in, or lien or encumbrance on said title, existing at the date hereof, not shown
in Schedule B; or
by reason of any defect in the execution of any mortgage or deed of trust shown in Schedule B secur-
ing 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
by reason of priority, at the date hereof, over any such mortgage or deed of trust, of any lien or en-
cumbrance upon said land, except as shown in 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 WitncssWhereof, Title Insurance and Trust Company has caused its corporate name
and sealto be hereunto affixed by its duly authorized officers, this Third day of May
1939 at 8:30 A. M.
TITLE INSURANCE AND TRUST COMPANY
by S lM. <>A.\ ,. 0' ~
PRESIDENT
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Attest
ASSISTA T SE TAllY
This policy consists of 4 pages which are numbered at the end of each page. -1-
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Form Ioo:a-A 1.2-38 ~oM , -
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SCHEDULE A
[ I,] The title to said land is, at the date hereof, vested in
CITY OF SANTA MONICA,
a municipal corporation.
[2,] Description of the land, title to which is insured by this policy:
Lot "Afl, except the Northwest 8.77 feet thereof and all
of Lot "B", Carl F. Schader Seaside Terrace, in the City of
Santa Monica, County of Los Angeles, state of California, as
per map recorded in Book 17 Pages 10 and 11 of Maps, in the
office of the County Recorder of said County.
EXCEPTING any portion of said land formed by accretion
by the Pacific Ocean which was not formed by the deposit of
alluvium from natural causes and imperceptible degrees.
Page 2 # 3.2'
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Form loo2-B 12-12-38 60M . -
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SCHEDULE B
[A] The Company does not, by this policy, insure against loss by reason of:
I, Easements or liens which are not shown by the public records (a) of the District Court of the Federal District,
(b) of the county, or (c) of the city, in which said land or any part thereof is situated.
2. Rights or claims of persons in possession of said land which are not shown by those public records which impart
constructive notice.
3. Any facts, rights, interests, or claims which are not shown by those public records which impart constructive
notice, 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. Acts or regulations of any governmental agency regulating the occupancy or use of said land or any building
or structure thereon.
[B] Liens and encumbrances to which said title is subject shown in the order of their priority, and defects
and other matters to which said title is subject:
1. General and special County and City taxes for the fiscal
year 1939-1940, a lien not yet payable.
2. General and special County and citi taxes for the fiscal
year 1938-1939, Assessment 515970, amount, ~802.36, first install-
ment, $401.19 and penalties.
3. A sale to the state of California for County and City
taxes for the fiscal year 1932-1933, Assessments 501005 and
512031 and subsequent delinquencies.
Election has been made to pay in ten annual installments.
Amount to redeem prior to May 9, 1939, $3775.16.
4. A sale to the City of Santa Monica for City taxes for the
fiscal year 1932-1933, Assessments 1100 and 1101 and subsequent
delinquencies.
Election has been made to pay in ten annual installments.
Amount to redeem prior to May 9, 1939, $492.01.
Page 3 .11!:. 3 &. ~
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Form IOO2-c I2.;li-38 60M
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STIPULATIONS
SCOPE 1. This policy does not insure against, and the Com- SUBROGATION 4. Whenever the Company shall have aettled a
OF pany will not be liable for loss or damage created by or UPON PAYMENT claim under this policy, it shall be subrogated
COVERAGE arising out of any of the following: (a) defects, OR SETfLEMENT to and be entitled to all rights, securities, and
liens, claims, encumbrances, or other matters which result in no remedies which the insured would have had against any person or
pecuniary loss to the insured; (b) defects, liens, encumbrances, or other property in respect to such claim, had this policy not been issued. If the
matters created or occurring subsequent to the date hereof; (c) defects, payment does not cover the loss of the insured, the Company shall be
liens, encumbrances, or other matters created or suffered by the insured subrogated to such rights, securities, and remedies in the proportion
claiming such loss or damage, or existing at the date of this policy and which said payment bears to the amount of said loss. In either event
known to the insured claiming such loss or damage, either at the date the insured shall transfer, or cause to be transferred, to the Company
of this policy or at the date such insured claimant acquired an estate or such rights, securities, and remedies, and shall permit the Company to
interest insured by this policy, unless such defect, lien, claim, encum. use the name of the insured in any transaction or litigation involving
brance, or other matter shall have been disclosed to the Company in such rights, securities, or remedies,
writing prior to the issuance of this policy. Any rights or defenses of OPTION TO PAY 5. The Company has the right and option, in
the Company against a named insured shall be equally available against
any person or corporation who shall become an insured hereunder as INSURED OWNER case any loss is claimed under this policy by
successor of such named insured. OF INDEBTEDNESS an insured owner of an indebtedness secured
AND BECOME by mortgage or deed of trust, to pay such
DEFENSE OF 2, The Company at its own cost shall defend the in- OWNER OF insured the indebtedness of the mortgagor or
ACTIONS sured in all actions or proceedings against the insured SECURITY trustor under said mortgage or deed of trust,
founded upon a defect, lien, encumbrance, or other matter insured together with all costs which the Company is obligated hereunder to
against by this policy, and may pursue such litigation to final determi- pay, in which case the Company shall become the owner of, and such
nation in the court of last resort. In case any such action or proceeding insured shall at once assign and transfer to the Company said mortgage
shall be begun, or in case knowledge shall come to any insured of any or deed of trust and the indebtedness thereby secured, and such pay-
claim of title or interest adverse to the title as insured, or which might ment shall terminate all liability under this policy to such insured,
cause loss or damage for which the Company shall or may be liable by
NOTICE OF virtue of this policy, such insured shall at once NOTICE OF 6. A statement in writing of any loss or damage for
ACTIONS notify the Company thereof in writing. If such LOSS which it is claimed the Company is liable under this
OR CLAIMS notice shall not be given to the Company at least policy shall be furnished to the Company within sixty days after such
TO BE five days before the appearance day in any such loss or damage shall have been ascertained. No action or proceeding
GIVEN BY action or proceeding, or if such insured shall not, in liMITATION for the recovery of any such loss or damage shall be
THE INSURED writing, promptly notify the Company of any de- OF ACTION instituted or maintained against the Company until
fect, lien, encumbrance, or other matter insured against, or of any after full compliance by the insured with all the conditions imposed
such adverse claim which shall come to the knowledge of such insured, on the insured by this policy, nor unless commenced within twelve
in respect to which loss or damage is apprehended, then all liability of months after receipt by the Company of such written statement.
the Company as to each insured having such notice in regard to the PAYMENT OF 7. The Company will pay, in addition to any loss
subject of such action, proceeding, or claim shall cease and terminate;
provided, however, that failure to so notify shall in no case prejudice LOSS AND insured against by this policy, all costs imposed
the claim of any insured unless the Company shall be actually preju- COSTS OF upon the insured in litigation carried on by the
diced by such failure. The Company shall have the right to institute UTlGATION, Company for the insured, and in litigation carried
and prosecute any action or proceeding or do any other act which, in INDORSEMENT on by the insured with the written authorization
its opinion, may be necessary or desirable to establish the title, or any OF PAYMENT of the Company, but not otherwise. The liability
insured lien or charge, as insured, In all cases where this policy permits ON POliCY of the Company under this policy shall in no case
or requires the Company to prosecute or defend any action or proceed. exceed, in all, the actual loss of the insured and costs which the Com-
ing, the insured shall secure to it in writing the right to so prosecute pany is obligated hereunder to pay, and in no case shall such total
or defend such action or proceeding, and all appeals therein, and permit liability exceed the amount of this policy and said costs, All paymenu
it to use, at its option, the name of the insured for such purpose. When- under this policy shall reduce the amount of the insurance pro tanto,
ever requested by the Company the insured shall assist the Company and payment of loss or damage to an insured owner of indebtedness
in any such action or proceeding, in effecting settlement, securing shall reduce, to that extent, the liability of the Company to the insured
evidence, obtaining witnesses, prosecuting or defending such action or owner of said land. No payment can be demanded by any insured
proceeding to such extent and in such manner as is deemed desirable without producing this policy for indorsement of such payment,
by the Company, and the Company shall reimburse the insured for any
expense so incurred. The Company shall be subrogated to and be en- MANNER OF 8. Loss under this policy shall be payable, first, to
titled to all costs and attorney's fees incurred or expended by the Com- PAYMENT OF any insured owner of indebtedness secured by mort-
pany, which may be recoverable by the insured in any litigation carried LOSS TO gage or deed of trust shown in Schedule B, in order
on by the Company on behalf of the insured. The word "knowledge" INSURED of priority therein shown, and if such ownership
in this paragraph means actual knowledge, and does not refer to con- vests in more than one, payment shall be made ratably as their respec-
structive knowledge or notice which may be imputed to the insured by tive interests may appear, and thereafter, any loss shall be payable to
reason of any public record or otherwise. the other insured, and if more than one, then to such insured ratably
OPTION TO 3. The Company reserves the option to pay, settle, as their respective interests may appear. If there be no such insured
owner of indebtedness, any loss shall be payable to the insured, and if
PAY, SE'ITLE, OR or compromise for, or in the name of, the insured, more than one, to such insured ratably as their respective intecesu
COMPROMISE any claim insured against or to pay this policy in may appear.
CLAIMS full at any time, and payment or tender of pay-
ment of the full amount of this policy, together with all accrued costs WRITI'EN 9. No provision or condition of this policy can be
which the Company is obligated hereunder to pay, shall terminate all INDORSEMENT waived or changed except by writing indorsed
liability of the Company hereunder, including all obligations of the REQUIRED TO hereon or attached hereto signed by the President,
Company with respect to any litigation pending and subsequent costs CHANGE a Vice.President, the Secretary, or an Assistant
thereof. POliCY Secretary of the Company.
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPIJ,.ED F~R INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS
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QCorporation
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in consideration oL...:.:.::.::::::.:.:.:.::.::.......:.:.:.:.::.::.::7'EN:.:.::"h::.::.::~.~:::.:.::::.~.-:.:':.::.::.::.:-:.:-:~::....DOLLARS,
to it in hand paid, the receipt of which is hereby acknowledged, does hereby GRANT TO
n........G~Jy... 9J....:;tg):At.~. ..~g.Dt9.l'b...g .J~.'\m.+.Qlll.gJ,.. .Qg.:r.I?g.r.p:)..t.t9.n.,.:::.-:.::.-:.::::::::::::.::.:'".::::~.:::::::,
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________......__.._______._____...._.___.____.____________.___Ou_______._._________...._.....___....__....__._______._.__h__._._____..___________.h.'___.._.__
all that property in the............m...........n.............................................................nn.....................................................
County of Los Angeles, State of California, described as:
All of Lot A except the Northwesterly 8.77 feet
:lllihereOf' and all of Lot B, Carl F. Schader Seaaide Terrace,
. as per Map in Book 17, Pages 10 and 11 of Maps, Records of
Los Angeles County, California, except any portion of land
1S~ ~formed by accretion by the Pacific Ocean which was not formed
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~ by deposit of alluvion from natural causes and imperceptible
ri degrees.
J SUBJECT TO: All taxes, assessments, easements,
rights of way, restrictions, and conditions
of record.
IN WITNESS WHEREOF, the above mentioned corporation has caused this deed to be duly
executed and its corporate name to be subscribed hereto by its..mh......nm..mun.President and attested
Treasurer
by its............m.n.............m....Secretaryjwho has hereunto affixed its corporate seal, this.mJ,.~.tJ:L..mday
of.m..um...nil,pr.Uh.u.um...u..m........h..h...n' 19u~~....
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TITLE GUAI\:'\NTEE AND TI\.UST CoMPANY. nILE G~EE BuRDIN
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RESOLUTION Ita. 213~
RESGLU'rIN1' ACGBI''1'IMi G.:N:i 'l'J,';1iW') F'ROM CARL
Ijo. SGflADEd S,ASIDE 'l'!i:HHACE, A. OOHEOI'l;/fI01,;.
THE CI'I''Y COUNG.!L Or: TEE CITY OF Si\]'Jl'A MOllICA HEREBY EZS0LVES:
That the ailnfj~tod Grunt. DfH)(! f'I'O;,1 Gay'l F'. Schuder'::ea-
s:ide 'l'et"T'f!GEl, a corporation, Oi' that ccrtai n property .in (the Oity
ofSutallmfoa, County of: Los A.'lgo1aa,. State of: Callfo:rnla, des-
cribed aSI
All of Lot "AU excc.pt the northwest 3.77 feet
thel'eof Gl1d ~ 1 .ot'tot "Blt, Gal-1 Ji'. Schad']!' 8.:;n-
side Terrace, as permaprocorded In. nook 17,
P~,ges 10 and 11 of1.{aps, HooordsofL6S Anceles
OountY',. CalifornIa,
be, and the 38-~e i8 hereby accepted.
IT IS F'URTHER HF;SOLVED:
t~r, ex-officio May'y!:',
ADOPTED this 19th qay of April, 1939, by the lollowing
vote:
AYES t PlumeI', lUll !ken, Gll1e tte I
NOHa None i
ABS!:NT : Rone ~ i
I
i
Co~e~l;ner df Public Safety,ex- I
offloio ~ or of the City of Santa
2.lonic8t
, as onq' o. l' nanea, ex-o f t: 0
Clt, Olerk.ax-o.ffic1oClerkoi' the
City CO'U.hcilof tM City of Santa
),{onie.
Approved .a to form this /9 day of
.Anr! 1039.
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S'l'ATJC OF OJiLIFORNIA, )
(as.
OOUNTY OF 1.00 ANGEL.i::8.)
It 'I'. D. ptm.fr:n thereby oertify the>t I 8m the Commisslon-
er of rinel1oe. ex-offioio c1ty ,.:lfJIrk of the ,'':1ty 0:::' Sante t:onica;
th.at tlle foregoing is a full. true aUti oorreot copy ot thet certain
resolution adopted by the '::;11;y Counoil 01." the City ot Sante Monloa
at e re8U~8r !neeting of said Oouncil held A1,r11 19th, 11139.
ewom to batoreme
ot ..\.pr11, 1039.
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.... aCo.EP"!'.i\..."lCE OF DIUlD :-
The armexed Deed ie he)."oby aeo.ptea this 19th <<flY of
April, 1939.
CITY OJ!' SiJi't'A i\lONICA.. t, muni-
01pcl ()OrPQTittion.
BY'.~
rlolmn1sa1o:ner of PUbile Setety, ex.. I
offioio MeYr~)):' of' thiel CIty of 5en.-
tl1:l . 1,:onlo6. . .
By '?Y.ll~7~
Commleelon.of of' 15ub!io ~l!ork8. ot
the city of' Snnta Monl08.
(,Ol:lllnSS ':L.. . J..n8nO€l J. 0::<:-0
Ci~1 Clerk, ox-offioio
Cit)TOo~otl V
STATE OF Ol*~~~fA;~~. ) 53.
COt1N".n' :L 0,) ...; ".tJ..),,,,,..l
On fiA.h1f;:t/dt.tyot April, 1939, before me, the unde;-..
siSti$ll iiI ilotEtry 1:>ul,)11c in E'lt;td for the County of' J~oe AngaleCl, stete
.0'tC6.1.!tornhl. res14.ing th.ere1n,. duly (H)rtltibsloned end sworn, per- I
80ne11}" 8111'oore4 B.. GU.Ui'J.'th,lu"lOWnto.lll.a 'to be the OOmm.i~H9io:ner
or P\\bl1o Sefe1fZi') EJx",offiolo1iayor ofther:ity 01.' Sante1,;onlce., ..
m.u.n1oip81oorporst10n, and \1. w.. !<U!.LIKmr. known tOt\ll"tO be. tue Oo&-
rdesfaner of lubUo,forks. 01' seid 01 ty .\fhu..e HBll1tlSt1r~ subsorll>e4
tot1\e tOI'egn1n~AMe'Ptenqe o'tl)eed. en(lthey fjokn{.\wledged tome thet
they exeouted the f>r,me on behalf of. seid City or Santa lConiCt1l pur-
auant to jtesolutlon duly adoptted b:' the (;1 t'Z" CO!l!l.oil of 8el Oit7.
8X'ld 19th day of April, 1939, personally nppeered before me.
~.known to mo to be the Commissioner ot Flnsnoe. 8X-
Clerk fHH1ex..ot't"ic:i.o Glark of' the Gity Oounol1ottbe
Mantas, snd heoek.'1owle4ged to me tn,' the attested s814
of l}eet'ift!1d a!:'!';t~o4 tho saal or 1;;\6 City of $~nt8 Monica
Dr V:I'l'Ni~8S 1!rrum.tlOF, Ihtlve~el'eunto set my !lend end at-
0:1'.1'10181 nE~d t1.ltll' d~y'~JUc; J'''9llr 1"irst herelnebove wr1tten.
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