P-356KOS~~Y AtuD LENQRE ~OSKY.
THE CITY ~C4UNCIL QF TfiE CITY OF SANTA NiQI~ZCA HEREBY RESOLVES:
~ That the annexed Grant Deed from Adolph W. Kosk,y and
Lenare T~osky.of that certain real propert;~ in the City of Santa
Pffonica, Gountv of Los Angelss, State of Califarnia, described as:
That portion oP Lat 272, Tract No. 1980, in the City
of,Sante 2~onica, County of Las Angeles, State af California, as ~
er ma recorded in Bac~k '21 Pa e 152 of Ma R '
P P , 8 ps, ecords of Los
Angeles Countg, described as follows:
Begiru~:ing st the most Easterly corner of said Lot 272; '
thence Narth 87° 50~ 5Q" West alang the Southerl9 line of
said Lat 272, a distance af 153.41 feet, more or less, to
an an~le point in said line; thencs South 55° 04~ 22" West ,
along the Southeasterly line of said Lot 272, a distance of I
87.97 fest, more or:less, to the most Southerly corner of '
said Lot 272; thence ~torth 35° 02t 46" ~lest along the South-
westerly line of s aid Lot 272, a distanee of 1.55 feet to a
point on a curve eoncave to the Narthwest with a radius of
_ 760.Ot7 feet, bearing North 38° 35~ 47" West from said point;
thence Northeasterlp along sa3d curve, a distance of 99.67
feet to the end of said curve; thence North 43~ 53f 22n
East 29.46 feet to a point on the Northerly line af .said
Lot 272, ~henca Squth 87° 50~ 50" East 104,03 feet along
the t~a~therly line of said Lot 272 to the most EasterZy
corner of iot 273 of said Tract 1980; thence South 3~4~ 35~ 35"
East along the Northeasterly line of said Lot 272, a distance
of 49,92 feet, more or less, to tYie point of beginning,
and _ '
That portion af Lat 273, Tract No. 1980, in'th~ City
o~' Santa P~onica, Caunty of Los Angeles, ~tate of CaliPornia,
, aa per map recorded in Book 21, Page 152 of i~aps, Los Angeles
County Racords, described as fo12o*~ss
Beginning at the aiast Easterly corner of said Lot 273;
; thenc~ North 87~ 5Q' S~" tNest along the Southerly line of
said. Lot 273, a dista,nce oP 1~4.03 feat; thenee North 43~
53~; 22" East, a distance of 44.23 faet to the beginning oP a
~urYe, eqncave to.the I~~orthwest which has a radfua of 50 feet;
thence ~;ortheasterZy slong said curve, a distance o.f 68.49
fe~t to'the end of said curve being a point on the A,~ortheast-
erl~ line of said Lot 273; thence Soutri 340 35' 35" East
alon~ the I~ortheas;terly line of said Lot 273, a distance of
12Q.06 feet to the point of beginning, '
i
•be, and the same is, hereby accepted. '
~
TT IS FURTHER RESOLVEDs That the Cpmiuissioner of Fublic ~
Safety, ex-officia i~ayor, be, and he hereby is, authorizecl and
instructed to execute the annexed Acceptance of Grant Deed, and that
the Co~mnissionar oP Finance, be, and he hereby is, authorized and
instructed to attest the same an~l affix the s.eal oP the City~ of 1
Sants Manica ther~to:.
.~
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i ~
' That the Cammissianer of Public Safe~y, ex-officia Mayor
oP ~Che C~ty of Santa brionica, be, esld he hereby is, authorized and
ins~ruct:ed to certif~ to the adoption of this Resolution, and ~he
Co~n~:ssianer of Finanee, e.x-officia City Clerk, ex-officio Glerk
of;the Gity Gouncil, be, and he hereby is, authortzed and instruoted ,
tb attest ~he sams.' :
ADOPTED th3s 1~thc.lay of .TAn,z~rv , 184Y, by the fOllovrin,g
vot~: :
. AYES: ~'r~ar•A,p; rr.,,~,fcard _
NOES: ~J,~, P,
ABSENT : ~~;17, ' ?. k e n: `
;
c a e y, ex-
' ` offic a or o the C3ty of Santa
onica.
ATTEST:
Go~un ssioner a nance, ax-o e o`
City~ Clerk, e.x-officio Clerk of the
City Council of the City of Santa ,
Monics..
Ap~ ved as to ~orm this /f! day .
aP , 1941.
~
~
Carn.e ua W. c erny, r., ~
Attorney.
STAT~ OF ~;ALIFORN~A, )
) ss.
' COUN2'~£ C?F LQS ANGELES }
I, D. C. FR.~'r"Eb3AN, hareby certifg that I am the Com-
missioner of .Finanae, ex-offi.cio Citg Clerk, ex-of#'icio Clerk of
the Cit~ Co.uncil of the Cit~ of Santa ~i~or~ica; that the Poregoing is
a fu1T,_true and correet copy of that certain r$sc~lution adopted bg
the City'~auncil,of the Citg of Santa hionica at a rs~u~:ar meeting
°" ~P sa#.d Gaiuic3.l h+e1d :?~nu~_ny ~ ;?th , 1941.
_ , .~~~~r~~~~-.--, ~
~ub~cribed and orn to before me
~ thia 1a' d~3+' c~f- , :1941.:: :
a~ r
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, .
Q a.x'y a~ sn Qr sa
~ountY ~d State. -,
!~S~ tk~~ E'~tr~ ;~srt'~ ict,19~1~
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3. ,_. _4 h .. < <._ .~ ~~ v,,, ~ .~ ~" . . , _ . . , . .>,.. ~ ~ . , .. _ _ . .. ,v , _ ., ,. . . . s . ,~`•. t~-.,,~_. ..~:'•: . ,. .;±;y.
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F ACC£PTANGE OF G~T DEED :-
~he anngxed Grant Deed is'hereby acaepted this.l3~h day
~f January, 1941.`
C MON al
_ corp
By
_ Comm ss o _~, Sa et~*, ex- -
officin apo o the Cit~ of Santa
~.i''~'c a •
ATTE3T: ,
Co ss one o nance, x-a c Q
Cit~ Cle~k, ex-officio Clerk of the '
Ci~y Council of the C3ty of.Santa
_ Monica.
Approved as to for~ this /t~: day
of Janu~r~, 1941, _
~ ,
Corne ua ~t. .~c nerny, r., ,~ ..
Attorney.
STAZ'E OF CAI;IFORN IA, )
) ss.
COII~TY 0~ LOS ANG~LES )
On this l[~ ~-h day of January, 1941, before me, the under-
signed, a Notary Public in and for the County of Los Angeles, State
a~ Califarnis., residing therein, duly commissioned and sworn, persan- '
ally appeared C. C-. CRA;Nr01~D, known to me to be Commisaioner of
Public SaPety, sx-officio Mayor of the Citg of Santa Manica, a muni-
cip~.l corporation, vehose name is. subscribed to the forego~ng Ac-
ceptance t~~ Grant Deed, and he acl~a~owledged to me that he executed
the:s€Ame on behalf of said C.ity of Santa ~ion3ca, pursuent to a Re-
~olut3.on duT~r adoptsd by the City Council of said `Cit;~, _and on said
'~G:th da~ oP Jss~uary, 1941, personall~ aBpeared before me, D, C.
FREE~tAIs1;; kno~ra ta me to be the Go~3.ssioner of Finance of the City
of Santa ;~onica, and:he ackno~ledged to me that he attested said
Acceptance of Grant Desd and af~'ixed the seal of the City of Santa
~oniaa thereto. - 1
IN WITNESS ~YHEREOF, I have hereunto set my hand and affixed
'' n1y' afficial seal the da~ a~nd year: first. hereinabove w~:itten.
: . , ; :
a ary u e n an or sa
~ County and State.
, ` t~~' c~:or ~~ ~~ kt 1S4L>
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` G R A N T D E E D
In consitieration af Nine Hundrsd Fifty Doll~.rs (~95Q.OQ),
r~ceigt of which fs hereby acknowledged, we, ADOLPH 4V. K(~SKY and
.
LENORE K~SKY, his, wife, do hereby grant to CITY tJF SANTA Pd70I~ICA, a
muriicip~.l eorporat3.on, alI that real,property in the City of Santa
` I~anica, Gour~ty of Lcas Angeles, State of California, d cribed as
followa:
`
That portion oP Lot 272, Tract No. 1980,- n the City of
, 3anta Monica, Gounty o~ Los .Angeles, State of California, as
per map recorded in Book.2l, Page 1S2 of Maps, Records of Los
Angeles Gaunty, described as follows;
Beginning at the most Eastex~ly carner of said Lot 272;
thenae I~orth 87~ 50~ 50t' West along the Southerly line of
s~id Lot 27~, a dista~ace of 153.:42 feet, more or less, to
' an angle point in said line; thence South 55° 04~ 22" West
along trie Southeasterly line of said Lot 2'7~, a distance of
` 87.97 feet, mare or less, to the most Southerly corner of
sa3.d Lot` 2'72; thence RTorth 35~ 02~ 46" U9est along the South-
~-esterly lina of said Lot 272, a distance of 1.55 feet to s
point on a curve concave to the Northwest with a rac3ius of
' 76Q.OO feet, bearing North 38° 3S~ 47" West from said point;
.~ thersee x~ortheasterly along said curve, a distance of 99.67
y feet to the end of said curve; t~.enee ~Torth 43Q 53' 22"'
a East 29,46 feet to a point on the Northerly line of said '
~--
~ Lot 272; thence South 87° 501 50" East 104.Q3 f'eet along
'~v
' the lv'artherly line of' said Lot 2'72 to the most Easterly ~
c~~ corner of Lot 273 of said Tract 1980; thence South 34~ 35T 35" '
•~ w ,
East along the Northeasterly Iine of said Lot 272, a distance
~+~ •
' of 49.92 feet, more or less, to the ,poi~t of laeginnin~, ~
t - .
v .,.
N ~
~
~d ~
A Thai: porti.on af Lot 273, Tract Na. 1980, in the City ~J
of Santa Monica, County oP I,os Angeles, State of Cali~'arnia, 1
; as per map recorded in Book 21, Page,152 of Maps, Los Angele~
CoUnty ~ecords, described as followa:
Beginning at the most Easterly carner of said Lot 273;
thenca I~orth 87~ 5qt 50" West alang the Southerly line oP
said T,at ~73, a distanca oY`1Q~.~3 feet; thence North 43~
53~ 22" E~st, a distancs of 44.23 fset to the beginning oP a
cus~ve, aoncav~ ta the Northweat which has a radius of 5Q feet;
- thenee Northeesterly alorr~ said`curve, a c3istanca oP 68.49 '
f8et to the end of sa3d curve being a poin~ on the Nartheast-
erl~ line oP said Lot 273; thence South 34° 35~ 35" East
along the S~ortheasterlg line of said Lot 273, a distance of
12fl,06.Peet to the point:of beginning,
tQ haa~ and to hold to the s~id Grantee, its sucee~sors csr.assigns
forever.
~
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Witness our hands this ,~2.G~ day of ~~~yr~s 1941. ,
~'
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STATE OF CALIFORNIA, ~ z•
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.
s~•
~
COI3NTY OF IAS ANGELES )
~
On this ~ day of r~-~- , 1941, before me, the
unders3gned, a Notary Publi.c in and far"said County, personally
appear$d ADOLPx W. KOS KY and LEPIQRE KOSRY, knovvn to me to be the
persons whase'names ar e subacribed to the within instrument, and
ackno~vledgec3 that they executed the same..
V~'itness mg hand az~d off,icial seal, the dag and year first
above written.
ofizrciss{< ~ ._~~. os Jur. ~:Ei, ~.44w~
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O t&I'~ C ri Ari OI' S Q OL121 '~
~ SriC~ St&~9.
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Cop71-9-40-20M
,?. MM • OPI ~/^y,,Y,~ ~'"~"
CALIFOAiVIA LAND TITI.E ASSOCIATION STANDARD FORM
Cop~si~ht 1938
~ '
` ~ - .
•
Policy No. 1240094
TITLE GUA-RANTEE AND TRI7ST COMPANY
a Corporation of Los Angeles, California, herein called the Company,
for a valuable consideration paid for this Policy of Title 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 dis-
solution, merger, or consolidation of a corporate named insured, against loss or damage not exceeding
--- One Thousand Dollars (~1000.OQ) ---
which any insured shall sustain
by reason of title to the land described in Schedule A being vested, at the date hereof, otherwise than as herein
sta.ted; or
by reason of unmarketability of the title of any vestee to said land, at the date hereof, unless such unmarket-
ability 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 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
by reason of 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 Sehedule B;
all subject, however, to Schedules A and B and the stipulations herein, all of which schedules and stipula-
tions are hereby made a part of this policy.
In Witness V~hereof, Title Guarantee and Trust Company has caused its corporate name and seal
to be hereunto af~ixed by its duly authorized oflicers, this 2pth day of March 1941 at 8: 30 A.M.
T/TvG GUt~i~Hl~l ~E AND TRUST COMPANY ~
~ ,
By President.
Atr~~r ~ ~ ~
Assistant Secretary.
This Policy consists of g pages which are numbexed at the end of each page. 1~ 3~o
Cnpy 1A-11•40-20,9
Standard
.
~
~
SCHEDULE A
[ 1. ] The title to said land is, at the date hereof, vested in
CITY OF SANTA It~ONICA,
a municigal corporation.
[2.] Description of the land, title to which is insured by this policy:
That portion of Lot 272 of ~'ract No. 1980, i.n the City of Santa
Monica, County of Los Angeles, State of California~ as ;~er map re-
corded in Book 21 Page 152 of Mapa, in the office of the County Record-
er of said County, described as follows:
Beginning at the most easterly corner of said Lot 272; thence
north 87° 50' 50" west along the southerly line of said Lot 272, a
distance oF 153.41 feet, more or less, to an angle point in said
line; thence south 55° 04~ 22" west 31ong the sout'_neasterly Iine of
said Lot 272 a distance of 87.97 feet, more or less, to the most
southerly corner of said Lot 272; thence north 35° 02' 46" west
along the southwesterly line of said Lot 272, a distance of 1.55 feet
to a point on a cnrve concave to the northwest with a radius of ?60
feet, bearing north 38° 35' 47" west from said ~oint; thence north-
easterly along ~aid curve a distance of 99.67 feet to the end of said
curve; thence north 43° 53t 22" east 29.4E feet to a point. on the
northerly line of said Lot 272; thence south 87° 50' S0" east 104.03
Peet a].ong the northerly line of said Lot 272 to the most easterly
Pa~e No. j of Policy No. 12Q0094 ~~~
. , •
~
• ~ ~
cor•ner of Lot 273 of said Tract No. 1Q80; thence ~outh 34° 35' 35" east
along the northeasterly line of said Lot 272, a distance of 49.92 feet,
more or less, to the point of beginning.
ALSO that portion of Lot 273 of said Tract No. 1Q80, described as
follo~s:
Beginning at the :nost easterly corner of said Lot 273; thence
north 87° 50' 50" west along the southerly* line of said Lot 273, a
distance of 104.03 feet; thence north 43° 53~ 22" east a distance of
44.23 feet to the beginning of a curve concave to tize north~rest wr~:ich
has a radius of 50 feet; thence nortl~easterly along said curve a dis-
tance of 68.49 feet to the end of said curve, being a point on the
northeasterly line of said Lot 273; thence south ~4° 35~ 35" east
along the northeasterly line of said Lot 273, a distance of 120.OE feet
to the point of beginning.
Page No. ~ of aolicy Plo. 1240094
~ ~G
Copy 1B---11•40-~-205~ ~ ~
Standard , ~
.
SCHEDULE B
[A] The Company does not, by this policy, insure against loss by reason of:
1. 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 con-
structive 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, Any governmental acts or regulations restricting, regulating or prohibiting 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 a_nd special taxes for the fiscal year 1941-42.
Levies for Santa Uionica Municipal Im~~rovement District No. l,
created for City Park, may be includ.ed therein.
(2) Any right~ title, interest or easement of the County of Los
An~eles~ and~or the City of Santa Monica under and by virtue of the
deed from John Charnock to the B~ard of Su~oervisors of Los ~n~eles
County, dated P~a.y 5~ 1888 and recorded January 4, 1889 in Book 520
Page 3Q8 of Deeds over and in that portion of said pro~erty herein
described 1.ying east of the northerly prolongation of the ea~t line
of Lot 2?2, having a bearing of south 54° 51~ 08" ~~est.
(3) Covenants, conditions and restrictions affectir_g said ~ro-
;~erty herein described imposed by the above mentioned deed, ~ahich
provide among other things that a violatinn thereof shall not defeat
Page No. 4 of Policy No. 1240094 ~~~'~
~ - ~'
- ~ • . .
~
or render invalid t~~e lien of any mortga~e or deed of trust made in
good faith and for value.
The reversionary interests t?~erein have been conveyed to the City
of Santa T~Ronica by deed recorded March 20, 1941.
o a o 00 0 0 0
Pa~e No. 5 of 1'olic-,~ R1o. 1240094 ~~
Copy iC-2•41-20M ~ ~
$[Pp118[d .
~ • ~ ~
STIPULATIONS
scoPe 1. This policy doea no[ insure against, and the
oF Company will nat be liable for loss or damage
COYERAGE created by or arising out of any of the following:
(a) defects, liens, claims, encumbrances, or other matters which
result in no pecuniary loss to the insured; (b) defects, liens,
encumt~rances, or other matters created or occurring sabsequent
to the date hereof; (c) defects, Iiens, encumbrances, or other
matters created or suffered by the insured claiming 3uch loss or
dama~e; or (d) defects, liens, encumbrances, or other matters
existing at the date of this polir,y and known to the insured
claiming such loss or damage, either at the date of this policy
or at the date ~uch insured claimant acquired an estate or ittterest
insu.red by this policy, unless such defect, lien, claim, encum-
brance, or other matter shall have been disclosed to the Company
in tivriting prior to the issuance of this policy. Any rights or
defenses of the Company against a named insured shall be
equally a~ailable against any person or eorporation who shall be-
come an insured hereunder as successor of such named insured.
DEFESVSE OF 2. The Company at i~ts own cast shall defend the
ACTIONS insured in all actions or proceedings against the
insured founded upon a defect, lien, encumbrance, or other mai•
ter insured against by this policy, and may pnrsue such litigation
to final determination in the court of last resort. In case any such
action or proceeding shall be begun, or in case knowIedge shalt
come to any insured of any cisim of title or interest adverse to
the title as insured, or which might cause loss or damage for
which the Company shall or may be liable by virtue of this
Nor~ce oF policy, such insured shall at once notify the
ACT[ONS Company thereof in writing. If such notice
OR CLAIMS ~all not be given to the Company at lenst
~ YO BE
GIVEN BY five daya before the appearance day in any
THE tNSURED such action or proceeding, or if such insure3
shall not, in writing, promptly notify the Company of any defect,
lien, encumbrance, or other matter insured againsY, or of any
such adverse claim which shall come to the knowledge of such
insured, in respect to which loss or dam3~;e is apprehended, then
all liability of the Company as to each insured having such notice
in regard to the subject of such action, proceeding, or claim
ahaIl cease and terminate; provided, however, that failure to so
notify shall in no case prejudice the cIsim of any ir.sured unless
the Company shall be aciually prejudiced by such failure. Th~
Companq shali have the ri~ht to institute and pro=ecute uny
action or proceeding or do any other act wnich, in its opinion,
may be necessary or desirable to establish the title, or uny in-
sured lien or charge, as insured. In all cases where this policy
permiYs 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 such action or proceeding,
and all appeals therein, and permit it to use, at its option, the
name of the insured for such purpose. ~heneeer requested by
the Company the insured shall assist the Company in any such
action or proceeding, in effecting settler.ient, securing evidence,
obtaining witnesses, prosecutinb or de£ending such action or pro-
ceeding to such extent and in such manner as is deemed desir-
able by the Company, and the Company shall reimburse the
insured for any expense so incurred. The Company shall be
aubrogated to and be entitled to all costs and attorney's fees
incurred or expended by the Co:npany, which may bs recover-
able by the insured in any litigation carried on by the Company
on behalf of the insured. The word "kno~vled~e" in this par~-
graph means actual know]edge, and does not refer to constructive
knowledge or notice which may be imputed to the insured bry
reason of any public record or otherwise.
op'rtotv 'ro 3. The Company reserves the option to pay,
PAY. SETTLE, OR gettle, or compromise for, or in the name of,
COMPROMISE the insured, any claim insured against or to
CL4~MS Pay this poIicy in full at any time, and pay-
ment or tender of pay~nent of the full amount of this policy,
together with all accnied wsts whicI~ the Company is obligated
hereunder to pay, shall terminate all liability of the Company
hereunder, including all obligations of the Company with respect
to any litiaation pending and subseqnent costs thereof.
SUBROGATION 4. Whenever the Company shall have settled
UPON PAYMENT a ~]aim under this policy, it shall be subro-
OR SETTLEMENT gated to and be entitled to all rights, securi-
ties, and remedies which the insured would have had against
any person or property in respect to such claim, had this policq
not been issued. If the payment does not cover the loss of the
insured, the Company shall be subrogated to such rights, securi-
ties, and remedies in the proportion which said payment bears
to the amount of said loss. In either event the insured shall
transfer, or cause to be transferred, to the Companp such rights,
securities, and remediea, and shall permit the Company to use
the name of the insured in anq transaction or Iitigation involving
such rights, securities, or remedies.
OPTION TO PAY 5. The Company has the right and option,
INSURED OWNER ~ case any loss is claimed under this
oF INDEBTEDNE88 olic b an insured owner of an indebt-
AND BECOME ednesqs secured b mort a e or deed of
OWNER OF y g g
secuerrir trust, to pay such insured the indebted-
ness of the mortgagor or trustor under
said 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 said mortgage or deed of
trust and the indebtedness thereby secured, and such paymettt
shall terminate all liability under this policy to such insured.
NOTICE OF' 6. A statement in writing of any loss or damage
~-~SS for which it is claimed the Company is liable
under this policy shall be furnished to the Companq within sizty
days after such loss or damage shall have been ascertained. No
LIMITATION action or proceeding for the recovery of any
OF ACTION euch loss or damage shall be instituted or maia-
tained against the Company until after full com-
pliance by the insured with all the conditions imposed on the
insured by this policy, nor unless commenced within twelve
months after receipt by the Company of such written statement.
PAYMENT OF 7, The Company will pay, in addition to any
LOSS AND loss insured against by this policy, all costs
cosrs oF imposed u on the insured in litigation carried
LITIGATION, on by the ~ompany for the insured, and in liti-
INDORSEMENT ation carried on b the insured with the writ•
OF PAYMENT ~ y
OM POLtCY ten suthorization of the Company, but not
otherwise. The liability of the Company under
this policy shall in no case exceed, in all, the actnal loss of the
insured and costs which the Company is obligated herennder to
pay, and in no case shall sucfi total liability exceed the amount
of this policy and said costs. Ail payments under this policp
shall reduce the amount of the insurance pro tanto, and payment
of loss or damage to an insured owner of indebtedness shall
reduce, to that extent, the liability of the Companp to the insured
owner of said land. No payment may be demanded by any in-
sured without producing this policq for indorsement of such
payment.
MANNER OF 8. Loss under this policy shall be paqable, first,
PAYMENT OF to any insured owner of indebtedness secured by
~oss 'ro ~ortgage or deed of trust shown in $chedule B,
[NSURED in order of priority therein shown, and if such
ownership vests in more than one, payment shall be made ratably
as their respective interests may appear, and thereafter, any loas
suull be payable to the other insured, and if more than one, then
to such insured ratably as their respective interests may appear.
If there be no such insured owner of indebtedness, any losa shall
be paynble to the insured, and if more than one, to such insured
ratably as their respective interests may appear.
WRI'1TEN 9, No provision or condition of thia policy can
INDORSEMENT be waived or changed except by writing in-
REQUIRED TO dorsed hereon or attached hereto signed by the
POLICY President, a Vice-President, the Secretarq, or
an Assis:ant Sec:etary of the Company.
Page No. 6 of Policy No. 1240094
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LOTS 2~62_ TO 279
TRACT NO. 1980
MAPS 21-152
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THIS IS NOT A SURVEY OF TNE LAND BU7 IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS