P-61-2
Recorded Feb. 8, 1946 in 'ook 22766, Pftge OFFIC- ~- .0..61.2
. 264, Official Records, L.AjCounty ." . ,- E_CQB.Yl FORM RW-17
,
, I
j DISTRICT I COUNTY I ROUTE SECTION
HIs 8t8.98+2,,,,0 102+02 approx.. I
.12-27-191.4 (Pau-t) VII U 117' I....
Writtoe. b7 WOH
Oheeked 1)7 l~
. Oompue4 07:
W~~~~..~rof>'~
. CPar. No, ,~. '.;
EASEMENT Paiel torLaa4 '2135.00
Dlat. TlIacAe4. 0422
R.O.Soh.d. 8(56)
---'-"WB'----.---'---.---.------"---n' ~-..Dl1Br,e-.,pa~~J1f1h.1p.,40ap0ae4ot--Ze.... ___.----__"---'m.-.--
-----------Ger4oa--~~-____kthll.1'L-I..-.'hhwol. .,__who___.___aU-__ot___\h.e___p_t"~IL--.------.
-,--------.ther.euJ----------------------.------------------------___,__,___________________~~-z ~ "J""_~ INitf'LT --------
.
--------en4---------.---.-----------------------------------____.__,____,___,____.__m' ~ BU. ~ti..~~ tIlItltM_ --------
GRANT to the State of California an EASEMENT for,-th.--e&a8'tJ"'W)-~10ft---.D4---1_eJ.la..--..,---------
.
! __ nJcllV'o't _ S \ Op,J8--..tc.r:---t.he---_.Ucal,--an4--J,.a.teral-- .up>>on.-.ot---a- p.hUe ---------,
'. .h1gh.~--, UPOJl. --.o.'1te1"---I.lJ1d,.-.aoroaa.., ,.,-,----.-..------.-.,--------.---.---..--'-'--'---.---.-----.-----,--..,------~--------------------,--.--
~W..~~1If J~ ~~ss that certain real property in the-.---G-l-tT--of---8a'tlta',cMoJdO.--'----.-------------------'-'
County OL-.m--Lo.--:AUge-l..----------------n.------------'-n' State of California, described as follows:
tthat por'lon or Lot )lJtD1ook 1990t ~a.4e" Hap oti'own ot~t.
Xonioa. as ~r _, recorded. La. Book )9 orlU....Uauo.. a"O"8 at ...
4S. reoorda of 8a14 Oount:, lac lulled w1"-ln 8 strlp or 1aD4 7.00 r-.et wiae.
the northwesterly Une of whlch ls pa.rallelwith and ii.tan' 1.00 t..,
_asure4 BOl'therlyan4 at rlght&ngles t1"Oll the n01"\h..sterly 11.e of
Olyaple Boule"ard, ~O.oo 1'eet w1de, (UI eon".,." to t..n8 s8.14 Q1'" f.lt Saa_
Mon1c. b1 aee4r(toorded 1n Book l'6~5ot Ottl.1.1 it.ooMa at. pege2".
reoords or said County.
I 'this conv.yan.. is _4e tor the p.rpoeN of ah'eeway _4 ..' ~\R
,
hereby releu.MIll tU14 rellnq1l1$h... ~ the ...aa..e or aD4 .U .b\l'h~.. r1gh\s
. 01' aeoe.., appurtenant to. the pantor'. 1"e_ln1.ngprop.S'tJ'. 1n and '0 sai4
freeway, over and across thasou1ihea8terly Iia. or the abOVe 4.sor1", 1-
. 1'00t strip ot laml.
.
'.fh..~.1' h.r....bl .tvther pant;s t.o gran". all ton..,. .__tlt.
hp'ow1lt$ortha.t.., hereatt.r pow}, au4 roe4 b1d14.lr.lg _tel'l.l..._~
.. """'l>t''iI!lltt hIoJ.1l4111/l tb right '0 take _'" t __...1It~~ .'.
r.taAt. DU" ,be sueUt .uoh ..an.rut at _.11 lee.t.10J18aasaligrutH'rl
., 4_ proper. l1ee4tul or a...ssar,.. 1ll 'the con.~tloa.
1apl"OY...nt . ,01" Il8.1Atol1aD.Ce of sald high.f.
lJ.'he granto1' for h1uelf, Me BUOONa01'S an4 ...1gn$. he"',. ....l....s
1017 ole1a tor any and all damages to g1"antortere.tBaln1.Dg Prope%"t1oontlp....
0118 'to the right ot way b.erebyooa.eye4 'by reason fi't ti)e ~atlon. con-
.'U'uoU., lan4JJoap1ag or aalnte1Ulnce otS'ud ,highway..
~-Rl' :-:7tvnm \1ntd~:t1\e~s of abutting lands, their successo:rs or
asslt~na,' tutticht8tany time to rem:ove$uch s19pes or pOl'.tions tl1ereot, ,
~-'.- - - -,',,',
upon removing t.he necessl ty tor 1'l1~inta:tnln{~ such slope$. or POrtlc;u18 t~ereot"
.
or upon pro'Ylo.1ng 1n place thereot other adequate lateral support. th.e
4..1gn and OOtlstruction ot wbich shaUb. first approved by the D:"ta10.' ,..
Btp,)1w8.Ys of the Department of Publte, ,jork. of the state of Oa11toX"1l1a. t~Z'
the proteotion of said highway-
c
,
.
.
. ..
Dated thiL_~~_____.____________day ci~l!~~l_._______._,_______.__.______,.___'_m._..l~:.,,_
. Signed and delivered in the presence of ~~~_~__~~f..__._.__P_@_~,~~~~'-~t.,,_,_.___,____
. ._------~----------------------------------------------------------------------- ~J:_,.l~_~_~___~Q~..,_~t....--P:~D~J'---.--
---------------...----.....-'-'-----....------------------------------------------------~-- ,J:___~~_~__,l~_1_v..._,_c~~ftl~~_.___>>~~l...,r
------------------------ ------------------------~--------------.,-------_..._----------...,;-
(GORDOR nun, s Partnership)
--------------------------------~------------------------ -...--..;.---------------
.,.,
ACKNOWLEDGM~N" OFGRAN,.OR
STATE 0:/1 CALIFORNrA,,~,-_.~..,~~,--.-.,--.---..COUNTY OF~~'...Jc~~~_~___""__"'''''__: Sf.
On thh'_~~,~.-_,~,,ci1i1y of___,_lallU8!:.J:.___________, in the year one thousanJ nme hunlrelldliJ.L,-t~J":'fJ:!"'-'l~,--,
before me, _ Iyl_..~.!_:.Re~~-~L-----..-.-, a Notary Publidn dmlfor saia Covnty arul Stllte, restcfin~therein.".f.y'qommissioneJ
,ana swom, personally appeli,eJ--:!-~8 Gor4.~.Jl~.r~1!l~,I...______.."__.__._,._.._.__________"..~,~,~~~,, '.. ',',,'. ,.,.,.. ,____
.,JArithUl" Julius b11.,,014 known :to < me.to M'.'hs tu
""'__,___".......,______,,__".;.o.;.,."'''-''''''''"~-,------, ," c" .-o;C,"".,.~_.-.....'--,....------"''',....,-.--'---..--,-,-,-....,.;~----.-
~,!!~!~~,__~!,,"'~~~!~.P8:!.~~!~~lP ,!~,~,_~~~_~_~!~,~'-: t.h~__!!-!_!~!~''',!~~!J_~n~_~__
. " '.' ," ',,' 11- areq'
>" ~ known, to me tO~ffle. Peorslnl....-~.JeuriheJ in t:,,;hose nam ....-.....---..--..--...--'---......-thit....sliili..""ir-fiiaiiiil}: i ',,---------
~,~ . subscT1bea to the within 11Istrument, anJ..,_..__..___.l___.._.........,acknowleJge to m~' 31 .. executed tfesame. "
~:i-. _ . IN WITNESS WHEREOP. I have hereunto set my hana anti affixed my official seal the Jay a1la year in this cC!tipcl1teII~f(ab~"'-,WTitten.
~'..
L,~':-:.'~
~o.. ......____",lu:, L.. ...~,b~,1.4_.__,-',___...",_,,_3_f.j, "__.-----"
~..
~-.: NOI.ry P..bllc in 11110 'M tb.,_.c...
ic' L~UL~1...JI,-,,_,~. St.I..~fC.lifM.t..
(, My commission IXpiTes.:...__~-....c......_._
M7 Co_l..10B Explres August 6.19.
'" ., .,
-~<~..,-~_..-'~-~~-..,_.,-~~....-w":~HeWf:;;eOGM&N'P~,,&\:I~IiIoING_W_ITNES&,----,.">__<__A_<.""",.<,'"..,,..';,...,~...~,..,'
STATE OF CALIFORNIA.....,~..~,~..m...'......"'..,"'"..,"'.._,__COUNTY OF,,__"'...."'''',..M..___,,~....__..'..''''''''m..'''.._''..~,: ss.,
On thiL,,,_._~,,,,.....,,,,,,..--..Jay of"'...."'".."......_____.."''''...__....."....''''' in the year one thousand ninehttndred ana_~,""d,~::,,,..~..-,-----.--,
before me, ","',,,..,,,_____,,,__,_,___..___''',,..., a Notary Public in and fOT saiJ C01l11ty and Stiltea!'liling therein, luly commlssioneJ
,,~':..-
and sworn, personally ttppeared",......,"_..-..,-''',..-----.."..--.......,-..,--....~-c~~..",..,...."-....-",,....,'-,-.......--"'''':-'~,:......-,-...-...-,-_..-..-----,---'.-'~.
k.llown to me to be ,the 'Frs,;,,'1iJh(Jse' name is subscribed to the with!n i'flSlrmnent as a subscr}bmi witness thereto, who. being by, me duly SWOTn,
. - - . ~
deposed anJ saiJI't/Jllthe resiles inihe...,_.._..___..__.._m...County of___..."'"__,,.,.:.::.,-.-,-,-'''-..---.-~~_,State'Df California;
that he was prese11t"'ilntI. stJW_,__"__".___..,,__.____..__:',:;.,--"'-~::.::...-_..-.-----..-------~~._'-.-.-
^'"" ~ - --~---------!-..----_L--.:.--------~-~~~4~~_+7:-----_.---)
------------------------------------- '^.~" ,
personally known to him to be the pers01I_ described iw...~fubo exec.tel the salJwitbin instrument lIS part. . ,_....."_.___-'-_,,...thereto,
..#:'i<"'
f sign ana execute the siWle;that he, the affiantJ,j/itf[;;ndthere, at the request of said pers01l__, subscribeJ his name as a witness :tlm-elQo.
. ~#;:1"'"
IN WITNESS WHEREOF, LJt'tiVe hereunto set my hanJ and affixeil my official seal the day anti year in this certificate first abQVe written.
_~~4'"~~./""""
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. ...~p".,r-
-,:../"r'. ----- --~------------~----------_._------------------------------...-----.----
~" .-...--
~- " NotllT' Public i.. tmO 'M 1b."_,__,________C"",,ty of
,,-
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. ."U1;all');t"ii@I~~~~~s;~m~i~~i:'~~"Ul-' laa'.xo\.,,,
, '... <> ." 1I000000000IHI. "N'.~
------"----.----'-"--:---____..---..---------.-.O~I..-.ll'lf.--.-- A'fl
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:Jnqnd /0 lUJm1wq'iJu.aq,q'iJnolCflPUt1 tCq 'iJu!1:Jt1 'u!aJ.3q aalUfJJ,'jj 'fJ!uJ,o/!lt1;j jo iJlfJ1S iJqllvq,L 'AdlL'd3::) o~ sI SIH~
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No. 1040-1~500-2-42. \
Easement Form
!l,
. Policy No. 209Ull
...'. Q..~ Jutt
19/I-f11-L4...l1,... lea
"
"- Title Insurance and Trust Company
a corporation of Los Angeles, California, herein
called the Company, for a valuable considera-
tion paid for this policy of title insurance,
does herehy insure
Bnft Qj' OAl.f'GUU..
herein called the insured, against loss or damage not exceeding
" $1.500..00-.
1J<Jd
'. which the insured shall sustain
by reason of tide to the easement described in Schedule A being vested, at the date
hereof, otherwise than as herein stated; or
by reason of any defect in, or lien or ,encumbrance on, the tide to said easement,
existing at the date hereof, not shown. in Schedule B; or
by reason of the priority, at the date hereof, over said easement, of any lien or
encumbrance upon the land, hereinafter called said land, over which said easement
exists, unless such lien or encumbrance is 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 Witness Whereof, Tide Insurance and Trust Company has caused its corporate name
and seal to be hereunto affixed by its duly authorized officers, this 1areA14, 1'''' .~7tOO A."
TITLE INSURANCE AND TRUST COMPANY
SlM.~ .... ()'~
by
;
. PRUlDBNT
. Attest_.
ASSISTANT SECRl!TA1I,Y
,
This policy consists of pages which are numbered at the end of each page.
.
Form lO40-A-l .
1 t
.
. SCHEDULE A
. [1.] The title to said easement is, at the date hereof, vested in
. stAB '" ~u..
'.
[2.] Description of the easement, title to which is insured by this policy:
.. ......t.-_ ...to ponJoa of Lot.' ..... 199 ot~,::rw.'" .p of
to- of Sa.. ,,_. 1A ... 01t.7 of .... JIOId_, eo.\7 of Lott'
~.. Ikt.. ,'01 OaUtOJ'ld.. .. ,.. upl"MCtJM4 S. look J9 lap.'
of U..-u....... ........Ja ....tt... of tU ..tJ' NOOn. of
Ai4 Co_t1.taol.." w:l1ib.1a . atripo! lM4. 7.!JOt....-. ..
IOl'thwata:rl1 Uae ot1d&1ob S. 'pal'&lle1 with .. a...,".oo t..........
loruael'ly .... at dpt.-c1.. tn.a tJlel.rta.._lJ u.. of O1pp1e, .,:8014.....
'. nr4. 50.00 t..t wiele. .. ......,. to .. .. CIV at..... ....., '..
...., reool'ClM Sa Book 1J6l5,... .5, ottlolal ....1'8ot... eo-...
tor the coutnott_ ad aa1.~ of ..~~t8lo... tor the ftrtial
ad lateral nppoR ot a pubUe Jl1~;
.t~uSred b,t ...... hw"Gcm1oaDutt. a ~p 9OIIpe..tot .'..a .....
ht.t _ArthUr J. IU.li._ .... eJJ., of tP pa.riD.era ~nott'~
J'ebnuy8. 1946 .. tuv..... Ie.. ~.
.
.
.
.
. Pilge
.1 . 1 .'
.
. lJfOO.RS.i:llDlt
Aft..... fa toLler 10. 2091JU
.
. lSSfJG BY
. TITLE lIlstm.uJCI All TiWST COIfaI
<
The ~ ..aves the In.v_ that the o_.ra of th. reoori title
to the foUo.ag d..ari be4 laui.
That portion of l.otJ ,. Block 199 of aaeua..4 map
of tbe!OE ofs._ MoalO&, in th.C~t;y of's.ta .
Iofdc., Coat7 of.Lo. a.aeJAJ..St.a.-. of Ca.Utoraia.
q per map recorc1e4 1a Book )9 ,Pap 4' of lIS....
.U..ou Recorda,bt. th.oftie. of the .CotI'&tT
Reoorder ~ wd OoUllt,., 1711\8 Jlortb....tel'll of the
lor1i4w.t l.1ae of Olympic BoWYa:rd., as ..tabUahe4
by" deed, recorded in Book 1361, hge285~ Offielal
iecor4e.
, and the o1llll8ra of ay .1"eoord 11'1tere.t in or U_ on or ecabraaQot l"MclaM
upon said land, other tn_ the holders of to. or u.....t Ua.,. hay. eeh
relu.aed ad rellaqui8bed to the luuracl all riCh"" of :1Dgros q4'...P'S.. 'to
'. aa4 free .. land _8m b64 in W.1adonsemeat "....1" aU. aftOsa ~ Solith-
"'stQr17 1m. of the e&Sellent deHribe4, in Sche4uleA of th1a pollq widol:1
acerueci or wow.4 Mane to ,tbea uappurten.ant $0 the bad uaon beet tll
tat.. iadorsea.t, except 8Il;y' 1"Spta....ened . th_ ill ad. "'OJM" to..,.
coad1tJoaaaet fOl"th in. the_, froa Gordon bff, apar_eralp .~ of
J....a Gorion ,Duff aadArthur I ..RehttOld, *0, are au of tnepartaera ~"...t
recorded ,.~ 8,1946 q Iutrwao>>.t Bo. 2282.
!he Company hereby 111S'W!'88 the .1..... aaainst. -1 1.0_ which, .thti. 1.......
shall suaWa 1. the -.t tha.\th....su.ran.o. berejn .shall pro.. t<), be '1Jl,..
correct.
!h. toW lta.ldUty of .~, .c.paIl1 __r, tb1spoUq &ad allY .iado~'.
herein shaU, howver, aot. -XOMd, in. thea.gvegat8, the tace__totWs
pol1q sad costa which theCOllpG71a obligated. \1I'ldel' the .t.tpUl.atSOJUbereof
to pq.
fbja 1a~.rs__'1s .._a ,.not seJd poUC1 ,an.cl. 18 RbJ"~ ,'~..........
schedules aad. st.tpalatiOl1sthenln, ...ptas JtO<tifie4 ... the proud.abenot..
!lfL1 UfBlRAlJeI AI., ...,...'.,.611
f
.
J,: Aui...t.~C'e~,
.
Form 1012-1112-4; I.M i .
. SCHEDULE B
[A] The Company does not, by this policy, insure against loss by reason of:
""
1. Easements or liens which aTe not shown by the public records (a) of the District Cou.rt ?f 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 tho~ public records ~hic~ impart construe-
tivenotice, but which could be ascertained by an inspection of said land, or by making mqulry 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 titl~is s?bj~ct ~hown. in the order of their
priority, and defects and other matters to whIch saId tItle IS subJect:
, 1. SeeOlld. Jnst4l11--.t ~an4 spe01al 00\m.t.;y andGit1tu.eIJ tor the
iiscal1ear 1945-1946" oa _to p,iU"tSQl1 Of said Lot J. .1nag Borth .of'011Jl1id.
. Boulevard. aaouat 178..18.
2!1' Aa eaae.unt w.1th r1ptoteatry-.. over a strip of l.aAd. 4. f..toiA_4th"
the eeln~r Uu of which :Is dt;t_:rlbed as fo1.1.owa:
.
hgiJmiagat a poJat QD.,~.lorth_.ter17UIl8 of said. Lot '.4 feet.
Soutb...eterllfralll the ~st.lIort.b..rlYCQrner of wd, Lot. ' 'Jtb..eS.Ut.h
440 45' _at aloag a 1.tJle 4, t.e~South_ster1.7 froa _4 ~.lto the
lortheaster17 11_ ofsaid1.ot .'3,- distance of 59;.36i'.et to. a.f01n\.
th..oe loath 140 21' 23- East. a,.d1st.lu1ce 0.1' 9;.56t'eetto apo.int ...oatQe
.Io.rtherly line or 01yaplo Bo\alrtard.. 50 teet 111de, for .-.ter plpes qj
1ncldeatal ptIl"pOftS a. grauted to 01ty of Sa.Dta Moaica.a mmUcipa.l~rpof"&tl_,
by deed r.corded 1n Booi:19117 ~age.344, 01'f101&1 Re..rds.
.3. All &CU_ cOIUlleIlced heeabtJr17, 1945 enU tl.. the Peopl. of th..ete._
ot CaUfo.mill VB. lIeule .". 'l1kJ~,eta1 to cODd.. th........t..HriW
1n Schedule A, land. thereia 4...1gr.ts:t8d. .8.tl. lareel. 110.. 15, for pu.bUc ..,
eaN 10. 508530, SuperiorCQurt.
DoUc. or the pead.-er of ~da,ct1on .. recorde4 f.le..,.ber 17, .194'.
Book 22561 :page 2~9. Of1'ic1&1., B...}:'....
t 4. The right at any time torellQve such slopes or port1ou .reot, ."....
. reaovil1g the.eoesaity t'orJIfUIlte,1iUng, such. slope.. orporU._ th.~,.a.
resen-ed.i.thedeed troa GordoaDuf'f. a ~}:'.ldpCOllpO..d.ofJaJt6"
. Gordon Duff anc1 }.rUt.- .1.. B8h1fl'Old".0 are. all ot the par..r.~~.
to the State of Call:fo1"l11a, 1"eCord_ .re'b.rua.ry 8. 194688 l11U1tr_.d"'~h ,~Z.
. . . . .
. Form IOI2-C 12.45 70M
t,
.
STIPULATIONS
SCOPE 1. This policy does not insure against, and the SUBROGATION 4. Whenever the Company shall have set-
. OF Company will not be liable for loss or damage UPON PAYMENT tied a claim under this policy, it shall be
COVERAGE created by or arising out of any of the follow- OR SETTLEMENT subrogated to and be entitled to all rights,
. ing: (a) defects, liens, claims, encumbrances, or other matters securities, and remedies which the insured would have had
. , which result in no pecuniary loss to the insu red; (b) defects, against any person or property in respect to such claim, had
~ liens, encumbrances, or other matters created or occurring this policy not been issued. If the payment does not cover the
subsequent to the date hereof; (c) defects, liens, encumbrances, loss of the insured, the Company shall be subrogated to such
or other matters created or suffered by the insured claiming rights, securities, and remedies in the proportion which said
such loss or damage; or (d) defects, liens, encumbrances, or payment bears to the amount of said loss. In either event the
other matters existing at the date of this policy and known to insured shall transfer, or cause to be transferred, to the Com-
the insured claiming such loss or damage, either at the date pany such rights, securities, and remedies,and shall permit
of this policy or at the date such insured claimant acquired an the Company to use the name of the insured in any transaction
estate or interest insured by this policy, unless such defect, or litigation involving such rights, securities, or remedies.
lien, claim, encumbrance, or other matter shall have been dis-
closed to the Company in writing prior to the issuance of this OPTION TO PAY S. The Company has the right and
policy. Any rights or defenses of the Company against a INSURED OWNER option, in case any loss is claimed
named insured shall be equally available against any person OF INDEBTEDNESS under this policy by an insured owner
er corporation who shall become an insured hereunder as AND BECOME of an indebtedness secured by mort-
successor of such named insured. OWNER OF gage or deed of trust, to pay such
DEFENSE OF 2. The Company at its own cost shaIl defend SECURITY insured the indebtedness of the mort-
ACTIONS the insured in all actions or proceedings against gagor or trustor under said mortgage or deed of trust, to-
the insured founded upon a defect, lien, encumbrance, or other gether with all costs which the Company is obligated here-
matter insured against by this policy, and may pursue such under to pay, in which case the Company shall become the
litigation to final determination in the court of last resort. In owner of, and such insured shall at once assign and transfer
case any such action or proceeding shaIl be begun, or in case to the Company said mortgage or deed of trust and the indebt-
knowledge shall come to any insured of any claim of title or edness thereby secured, and such payment shall terminate all
interest adverse to the title as insured, or which might cause liability under this policy to such insured.
loss or damage for which the Company shall or may be liable NOTICE OF 6. A statement in writing of any loss or damage
j NOTICE OF by virtue of this policy, such insured shaIl at
ACTIONS once notify the Company thereof in writing. LOSS for which it is claimed the Company is liable
OR CLAIMS If such notice shall not be given to the Com- under this policy shall be furnished to the Company within
TO BE pany at least five days before the appearance sixty days after such loss or damage shall have been ascer-
'. GIVEN BY day in any such action or proceeding, or if LIMIT A TION tained. No action or proceeding for the re-
THE INSURED such insured shall not, in writing, promptly OF ACTION covery of any such loss or damage shaIl be
notify the Company of any defect, lien, encumbrance, or other instituted or maintained against the Company until after fuII
matter insured against, or of any such adverse claim which compliance by the insured with all the conditions imposed on
shall come to the knowledge of such insured, in respect to the insured by this policy, nor unless commenced within
which loss or damage is apprehended, then all liability of the twelve months after receipt by the Company of such written
. Company as to each insured having such notice in regard to the statement.
subject of such action, proceeding, or claim shaII cease and ter-
minate; provided, however, that failure to so notify shall in PAYMENT OF 7. The Company will pay, in addition to
no case prejudice the claim of any insured unless the Company LOSS AND any loss insured against by this policy, aII
sball be actually prejudiced by such failure. The Company COSTS OF costs imposed upon the insured in litigation
shall have the right to institute and prosecute any action or LITIGATION. carried on by the Company for the insured,
proceeding or do any other act which, in its opinion, may be INDORSEMENT and in litigation carried on by the insured
necessary or desirable to establish the title, or any insured OF PAYMENT with the written authorization of the Com-
lien or charge, as insured. In all cases where this policy per- ON POLICY pany, but not otherwise. The liability of
mits or requires the Company to prosecute or defend any the Company under this policy shall in no case exceed, in all,
action or proceeding, the insured shall secure to it in writing the actual loss of the insured and costs which the Company is
the right to so prosecute or defend such action or proceeding, obligated hereunder to pay, and in no case shall such total
and all appeals therein, and permit it to use, at its option, liability exceed the amount of this policy and said costs. All,
the name of the insured for such purpose. Whenever request. payments under this policy shall reduce the amount of the in-
ed by the Company the insured shall assist the Company in surance pro tanto, and payment of loss or damage to an in-
any such action or proceeding, in effecting settlement, securing sured owner of indebtedness shall reduce, to that extent, the
evidence, obtaining witnesses, prosecuting or defending such liability of the Company to the insured owner of said land.
action or proceeding to such extent and in such manner as is No payment may be demanded by any insured without produc-
deemed desirable by the Company, and the Company shall re- ing this policy for indorsement of such payment.
imburse the insured for any expense so incurred. The Com-
pany shall be subrogated to and be entitled to all costs and MANNER OF S. Loss under this policy shall be payable,
attorneys' fees incurred or expended by the Company, which PAYMENT OF first, to any insured owner of indebtedness
may be recoverable by the insured in any litigation carried LOSS TO secured by mortgage or deed of trust shown
on by the Company on behalf of the insured. The word INSURED in Schedule B, in order of priority therein
"knowledge" in this paragraph means actual knowledge, and shown, and if such ownership vests in more than one, payment
. does not refer to constructive knowledge or notice which may shall be made ratably as their respective interests may appear,
, be imputed to the insured by reason of any public record or and thereafter, any loss shall be payable to the other insured,
otherwise. and if more than one, then to such insured ratably as their
..
OPTION TO 3. The Company reserves the option to respective interests may appear. If there be no such insured
PAY, SETTLE, OR pay, settle, or compromise forI or in the owner of indebtedness, any loss shall be payable to the in-
COMPROMISE name of, the insured, any claim insured sured, and if more than one, to such insured ratably as their
. CLAIMS against or to pay this policy in full at any respective interests may appear.
time, and payment or tender of payment of the full amount of WRITTEN 9. No provision or conditioll of this policy
this policy, together with all accrued costs which the Company
is obligated hereunder to pay, shaIl terminate all liability of INDORSEMENT can be waived or changed except by writing
the Company hereunder, including all obligations of the Com- REQUIRED TO indorsed hereon or attached hereto signed by
pany with respect to any litigation pending and subsequent CHANGE the President, a Vice-President, the Secretary,
t costs thereof. POLICY or an Assistant Secretary of the Company.