P-61-3
, Recorded Feb. 15, 1946 in Book 22738, Page 355'OEEICE=C..G..aYl .0. 61.)
FORM HW-17
Official Records, L.A.County' > ,..s..!.-~_ .
a/SSta. 102+19 to 104 approx. DISTRICT COUNTY ROUTE I SECTION
I
12-27-19" (Part) VII LA I 1'73 I s...
. Written by '\VOR
Checked by JC~
Compared by: ~ ,Palel 1'or 1.aD4 '416.80_
l,,'~JI'tor lJ;&gft..
<""', , ,ucr." 525.20
DU~. Tn SOh. I. '-28 "'~g:
B.O.Schaa. ao648 ~ · p.,. Nd,,c llJ"
EASEMENT
.,_.__,_O....'_.nm_________._--.---n, __M,~llnl'.!L~___~~___~mll~_~,L_J!~,~~.n~~~c_JP4tlb____
__________________________________w____________________________________________________________________________________________...;.____.;."'.~-....-~-.:..-----
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----------------------------------------.....----------------------------------------------------------------------------------------- _ ______....;__________M-_.,.'-:-..,_______~_
----------------------------:....._----------------------------------------------------:-~---------:---------------------------------_._------------------------
GRANT to the State ofCaIifornia an EASEMENT for".thtL_C.ons.truCltion.__Gd-..ma1.ate~.~. -4t_-.----.
.mb~~~~~~!i__~!~R_~_~_..~~~___~~~___!~~~!_~_~__,~~,__l~.~_'~!\1___3Jl1).P~r~---~t----EL;pbUtL-----,
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. _ ~~!~~____._..___________m___m___... ._____________m_____hh___.___.___________ , .. ___m______n -. - ----------------------------------------------~-~--------------
upon, over and across that certain real property'in the,m__e_l,tl'___~t___S_tl.llt._JlPldjUl...-..---h.-----__-----------'__,
County of.m_.u__~~_._~_~~~!~~nm__'--_.m__.m_______~____, State of California, described as follows:
That p()rtion of Lot S 11'1 :Block 1990t Amended. .p ot the Clt1 ot
Santa Moniea. as per map recorde4 in Book 39 ot lU8Cell-.neo\18 aeeol"4.
at Page 45. records at said,Oounty. descrIbed as to~lows:
. Begbming ,at a point in the 1'1orthwesterlrJ.1ne of (1)'Jrlpio Boulfit-
"
'Yard. SO.OO teet wide, as aescribed in deed to the sald Oity ofSaata
Moniea, reoor4e4 in Book 1361; of Official :a.corda. a:t Page 2$5, r..ord.
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of said County, distant thereon, 225 teet Westerly tram the iJ1terseotlon
.. . ot said northwesterly line with the northeaat.rly llnaot sald Lot ,;
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... thence Northerly' along a line the prolongation ot which passes through the
most aasterly corner at Lot 4 1n8a1d Block 199, to .11D.e that is, parallel
. wI th and distant 1 teet Nortliwesterly J measured at ript angles f~OIl to
said northwesterly line ot Olympic Boule'YaJt4; thence Southwesterly along t<.
, I
. saiel parallel line to the Southeasterly proloQ8atloll Qr the,80uthwe8t.rlrb\V~
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i lIne at said. Lot 4; tll.nee SOUthea8tjrlY a~aD.g th.Sou~ea~terl,. pro1fQiga- '<I
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southwest.erly 11ne to said" northwesterly).ia. ot Ol,.p$o
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BoulflVar4<i t.hEtncelioi-theast.e1'll along said n.orthweJJt.e:rlY lbt.e to tb,.,sa14 .
-.
poiat otbeg1mdng.
This CODve)"ance is .made tor the purpose. 0-: a 't"reeway al'uJ.the
gaatora 1I..reb1 re1.ease and xoellnqu18h to t.he granueall1 andal1.a\)1J:t.wrs'
richts of aot..s. appurtenant. to the grantors' rema1n1Dg prop.~t7,1n.a4'
to sai4 heeway, O'V'er and across the southeasterly line ot the aboft ct....
s~r-lbe4 pareel ot land.
'fhe grantors hereby further grant to the grantee alltr&$s,
,.
(g%'owbg or that may hereafter grow). and road building material. within
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8ald right of way, including the right to tak:ewater. toge:ther with the
rlght to us. thesam.e in such manner and at such locatioJls as said gx-ant.. .
aa7~e_ proper, neecltU1 or l1eoessaJ"7. in the construction, reoon&t:;ruetlon,
1apro......t or ma1nte1lance ot s,aid highway..
The grantors, tor themaelY.s. their suooessors and asslgna. herebY'
'tfli.1.... llB7 ala.1a tor any aDd all d_s to grantora' r_Wng pr~:rtY.
contiguous to the right ot way hereby conveyed by reason 01' the locatlon,.
CODs'tX'UotiOll. landsoap1ng or maIntenanoe 01' sai~ highwBr.
BE~ivUtG unto owners 01' t'ibutting lands. their 8U~CeS$oJ:'$ or
'the right at any t1.meto :remo"e suCr,.SlO~8. or portlonsth~l"eot. upOll
re.eving. the necessity torma1nte.i~g such slopes. or por\lOlU$ thereot, or
u.jo:Aprovid1Dg in place thereot other adequate l~tera.1 auppo~.t~e d$sign
tI t which shall be f1rst approved by the D1visio# ot)i1.gh-
and construe ' on 0 . ,..' '. "
D. tm: ,'t ot Publio Works 01' the State 01' Calltornla, tor the
way. ot the epar en
proteotion of saldhlghway.
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Dated this_m_,___,_.___g_~_~_______,day of__~l!.~~_~-'-"_____._________,____,___,,____.___m 19 __~~
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Signed and delivered in the presence of 'm.R~Llph__.F_fL__!t~~_'_.._m'm_'__'___,______.__---..-----______
. -----------------------~--------_._-------------------------------------------------- ,,-,b.ene..--B.,-.Lamb-,---",--,.-..,--,-.--c--.-------"-----._~
--------_._--------~------._--_.._--------,.;.--------------------------------------
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ACKNOWLEDGMENT OF GRANTOR
STATE OP CALIFORNIA"I&llLAng..el.e.L_..CoUNTY of_Lo,s.,,_Ange1..eL___,.._,___.,: ,ss.
cmtbh 24 th.~__-layof JA nl1{t 1'1 _,~"""_,,i1tthe year one thoflstmJ nine hunJreJ
be/ore me, -~the.un "era 1 gned..----,--.., a Notary Public in ana/or saitl COBnty ana State, resiaing therein, luly commlsslonetl
ana sworn, penonally appeared_,BalplL],___Lamh.-anrL.Ir.ene--A.- L..mh ----~------~------~--
. --------~--------~------~---..,~-:'"~---.-~----~-.....-,..----_._----------------------------------------------~-------
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---------'---------------------------.........-----..,-"..----------------------'--------------------------------------------------------------------------------'------
. known to me to be the pet'son,tJ_~ Jescribed in and whose name...,m"",c_-c, .__c_.."""ar~,,-,~-",,----...--,,--,,-"-,~--_,__-,--
subscribea to the within instrument. and.. ~e,. ......_,..,acknowlelg. to me that .t.h'J'. execlltea the same.
IN WITNESS 'WHEREOF. I have herl!#nto set my hani and affixed my official seal the day and year in this certificate first above written.
. _'m"'''....__._M11.dr.ed_"L_" ae.t~h 1 ar,_Ja!!ll !_-'_
NOlaryP"blic j"ilntl for Ih<~-.:---,r.ri C""..ly of
~Ugu.t ? ~ 1949 ng e8
M, ro11l1lliuicm ex~irts _____________--:--______.._, SJ"t, of C.liffJ1'fll..
~ ~
,~ ,'.- -".',.-'"n-''''''>--~..."'~''1~~-e~,..QF:~.JAllmESS,_7_"._~.w,~.,'
STA TI OF CALIFORNIA.."..,.,_'......_,--'''.-'Cmmm'.'-...COUNTY .OF....mm......." ______ ___________u.__________.__ .: ss.
On this"".._.,~,_""'..,.--"..aay o/""",..___"""".__"."""""...____".m",m, in the y.ar one thousand nine hundrea anam,_..",_m,__..__,_,"_-",'-'-'
be/ore me, m""""",_-'~';.,.-".-..----,..-.--,--"."-,, a Not'"Y Public in and lor said County ana State, residing therein, lul'JicO'IfImissioned
and sworn, personally aPJ;'jfWea_._,,,____"""_,~,__.._,,m,'_........_,....-'''----.-.--..,,mc.."..---"-",,,,--,..-,,-,,-',,,,.........,,-,,-,,--,,-....-.-__..-_.._'-".--
known to me to be the person .w~nll1ne is subscribed to the within instrument as a subscribing witness thereto, who. being by me duly sworn,
. aeposca amI sail: that he retitles in' thL,_~:"'_""m_.._,__..._,-,,,County 0/____.."_"_.,,,____,___.,,__..._,..,_,,,,___.._,.._____., State of California;
that he WIIS present anti S/J1V---c-----~------',-.,.,--~._,----,.-".--,----,-~~-..._,__:.--,----"----~----,--~.-
. . .-------------------~--..--_......-'---'------------------------ - "-------------.,..-----------------....-------,..------.
personally known to him to be the person,._aescribealn, ana who exec#l.et!-the sail 'Within inttrnment as part.___"............"..._,-.._"....ther.to,
~ sign ana execute the sa-mc;that he, the affiant, then and there, at the request of<fll.i1 persO#_, mbscribed his name tIS a witness thereto.
IN WITNESS 'WHEREOF, I have hereunto set my hana ana affixeJ my offici~"'H4l:he aay ana year In this certificate first ab01le written.
. NottIT'Y P.blit: i. ;mJ for 11,,_ '_,__C01l"'y.f
My f01JJl1dstro" tJtpiyel___________c_. ------------------------ __~......:...___.__________._...:.._, S'~f{f (If Ctllifor#;".
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. S~J0A13!/qnd /0 JO/3ula
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No. lO40-1"::'500-2-4E
Easement Form
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. Policy N ~'. .."UU
1o.(4.~l>
~Vl1....w.-11~
... Title Insurance and Trust C01'ttjJ'44J..)'
" a corporation of Los Angeles, California, herein
called the Company, for a valuable considera-
tion paid for this policy of tide insurance,
does herehy insure
i.1'At& .0'" fW4,1O.1A.
.
. herein called the insured, against loss or damage not exceeding
$1.100.00 ' ....
. which the insured shall sustain
by reason of tide to the easement described in Schedule A being vested, at the date
hereof, otherwise than as herein stated; or
by reason of any defect in, or lien or encumbrance on, the title to said easement,
existing at the date hereof, not shown in Schedule B; or
by reason of the priority, at the date hereof, over said easement, of any lien or
encumbrance upon the land, hereinafter called said land, over which said easement
exists, unless such lien or encumbrance is shown in Schedule B;
all subject, however, to Schedules A and Hand the stipulations herein, all of which schedules
and stipulations are hereby made a part of this policy.
In Witness Whereof, Title Insurance and Trust Company has caused its corporate name
and seal to be hereunto affixed by its duly authorized officers, this ~4. 1.946a~ 7.00..., ..
. . TITLE INSURANCE AND TRUST COMPANY
S lM. 6A\ ... ()~
by
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PIUlSIDBNT
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. Attest
ASSISTANT SECRET AllY
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This policy consists of pages which are numbered at the end of each page.
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Form 1040-A-l~500.L2-42
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. SCHEDULE A
[1.] The title to said easement is, at the date h~reof, vested in
...
STAD Gr C.liL1roW....
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[2.] Description of the easement, title to which is insured by this policy:
. .. --_D' oftr ,tk\ ptrtioa 01'14". "ck 199 o~ ...... ..,
of th. CitT of Sq- hide., .b tM CI't7 of &a.a_ Moa1u., IOu.
of Los Aageles,$t&i;e of Calltonla., u "1" Mp ~ ill loOk
)9 Page 4S e\..q., otJlt..u~... Reeoru"iA tIae. aftia of _
Co-.t7 Recorier of aa14 CouIlt,., ....Jibed. as fol.lon,
Bec1fmSQ at... poD\ 1a* Jo~...1,- u.. of Olplplo. ,!leal.....
. 50.00 teet 'd_. u ,4esodDe4 a ... to,M14CI\7ot .... IOU-.
neoriH tn ,Book 1J6lS Pap 28;, otticleJ. ~. 41._t ~
22S f..t ".terlT froa .. :i.nteh.eUoa of tile Aid .rta......l'ly
u.. with", tMhrtMuterly u.. ,tA..,.sd4 1..ot.,. ._.. ."-1'17
a.1.cIo, .. ,Uu ... pro1....t1_ of*oh ,..... ~. .. lIOn
. katerltcomer of Lo't4IDAJG. BJ.Oclt 199 .\0 . ~ tU.t 1s ~
with aa4tinaat 7' f.-to lox-ta._.I";}." ~.,.t rip. -.x-
froa the aaid Iorta_at.rly 11.. of 01.Japi<i .w1.....J iher&_
aoutA..aterq a1oae. nJd parallel. .U.. to .. BRt.aeuUl'ly .po.
1_,.'11_ of t.aeSout.h...ter1J' U1i& of _4 Lot 4,~- ~..t'11
a1.oa& the eoutb.aat.e,..1.7 ~&'U_ of A14 &ratb....,.J.; Uae t.o
Rid .orih....~d.TU.. of Ol1ap1elou1"~J "_"~Mrlr'
&1-C 8&14 JJortJ:a...\el"17 1Ia. to .. _d pOi.' of ,"-pam_l,t.
eoastftctJoa aad ,_blte&aaH. of ___., ~,.., t...... ftns.u.
and la.t.eralaupport. of apu.blt.e hlcJnrq..
Aoqulre4 by ... troa .aa1.ph. B.Lap awl,l". B.. LulD"hill 1dfa.
nconW ,.~ 15,. 1946 as lu'tnJac\lo..aJ.:IA"
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Page
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IIOOl1S"U'
. A'l'TACllD TO FOLlC! IQ. 2091-'11
ISSUED Bt
TItLE lISURMlC& MID taUST COIPUI
.. The Coapaa,. asnre8 tn.. Ineuecl that. the ~r, or 0ftH'8 of' 1.ibe
record. t1 tle to t.h. followini 4eacrlbeci 1a.l4
!hat port!oa ,of Lot 5 in mock 199 __elM
Map of the Cit~1 of sea. JIoIlj_. 1. the Cit.y
of ,&mtalon1oa, Oouut7 ot Loa .AJlCWSjstata
of' Callfo1"l1la.u per Mp recorded ja Book 39
Page 45 et ae.q..,. <4 ti scel1_ou I$corda, 1.
theaf'tieeo! 'theOo_t.1 s..ool'Mr of' 8Al4 c..tr,
4esed. bed, .& foll-..
, Beg1m'11Dgat the J/IlOat .la8terly C01'Jl.e of' wet
J..ot 4. tn-.. .8outherly!n a 41"0\ Uae toa
poS.' 1a ,tAe Jortb Une of Q1.)'1IpJ.o ~",Q
4escribed. i. ...eel reoor4ed. ill Book 136l.5 pa~.S,.
Official fte.'OOrd.$, la the o-tf'l,. of' the .Coratf<.
Recorder of'$&14 Cotmt1..d:1.__t. 225 feet ...wrq
.a.1.oag Pid lorth 11ae from the Jlort.'b.eUt U.ot
. aaJd Lot, ;; then_ ...t,_ly along \h. Borth u-
of OlJapie J3011i.evard to \he Boatlwlulter17pro-
loagatiQIJ.of' the Sol1th..terl111ae of' ad4 Lot
4; theaC$ JorthRswrl, 25 teet. _1"80.1" le., to
the JIlOst80utherl1 OOrAer of' saletLot 4; ~
5orth....terlyaloag .the' aoutheuwrly 1itae ot
Lot 4; thenoe to tlM polat of beciJDljq,
and the a.ers of' aJ3.1reeord i.ten.t 1. or Uen 011 or eaoua"brao of
record upon sa1d J.and, other .thIm the hol.dersat tax or ........t
11ens. ha.ve each released and. reUn.q:Cahed to the Inn.re4 aU rights of
ingress and egress to U1d fl"Oll t.b. laad de_r1 W. in tb1a lador....t
over aU. &01"OS. tbeSoutheaat8r).7 lib of tbe.......t .aoribeG1.
Schedule A of this po)jC1 whioh a.cc1"\1.$d 01" _ula aeerue to th<<&'....."..__
ant to the lad. deecr1bKin Wa 1ador....t, exce~ N11r1gbts re~
b7 them in udsubJect to any cOIldU.1ons..\ forth in tn.e deed. f1"Qal
Ralph ,.. I.aab an4 lreaeB. Lub. his 'ldl., to State of' C&llf'onda. reco:rctej
rebrua.J:oy 1S, 1946 .. lJUltrua.eJlt"h me.
1fheC~, hereby lasurea tAe laewe4 ap1nst 8Zq'lon 1Ib1Ob. ....
Insu.red. aball SWlta:1n in the .YeIl'" that the aUQJ'Uce _reIn 8hall proft
to be incorrect.
. '!he total. Uab1Uty of' the Coa~UIld.er thJs poUC1 ad aIl7 1a4o:r..-ta
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hereia _all. however, IIOt exoeed, 1a the ...rept8~ the r-.. __to
of tb1a polloI' ...d oo.t.s .job the Coa;pel17 i. obUgate4 1Di8r _
8tipW..a.Uoaahereof to pa7.
This 1.401:".....t. 18 ....... a pe.l"t of said. poUq .." la~"'"
totb.e achedulu and 8t.1pU1at1onS tb.er$1a, exoept asllOd.1fJ.tMl "b1' tbe
provi 81ou8 hereof.
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fi'rL.l IISURAI. AID. !.IUB'l. CQI,P.Alt
By:
bd..' ....~,
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Form 10 12-H' 12-41 11~ 'J .
. 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 construc-
tive 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 j
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.. acts_ ~eed OeC8llber1'1" 1945, _tJUe4 1'he '80pl_ ot the
state ofeautom1a,. va. .oa.1"1. .....BlJd.aaoa, et. al, to eoau.. the
ea..lIent deliCti bed1n Schedule A there:bl4ea1 gaaW as Pu-Ml I(). 17.
for pablle use, CUe' 10. soaS30,~o1"Couri..
BoYce of ,the pmdenc1 ot add action .. reoQrU4 ....be1" 17, 194'
tu Book 22S61 ''''8259. Ottle1-.J.. Recorda.
2. !he right at. '8D1' U.. to reao.. the .pea ret.rre4 to _Sohe4ul.
A, or port.1ou thereot, upoIl reJlOvSag the aeo.o1tv' for aa1ata1atac suoh
slope. 01" port1ou thereof, U nt01'Yed sa the. deed troa 1lalph '.tub
aad l:reue .8. Laab. his 1dfe. too St.ate of CaUfoft1a.1 1'800rde4 ,.~
15, 1946 &8 laat.rwleat. 10.. 2118.
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POl'lll1012-C 12-4, 70M
)
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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 insured; (b) defects, against any person or property in respect to such claim, had
r 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, unlel9S 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 5. 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 shall defend SECURITY insured the indebtedness or the mort-
ACTIONS the insured in all actions or proceedings against gagor or trustor under said mortgage or deed of trust, to-
the insured rounded upon a derect, lien, encumbrance, or other gether with all costs which the Company is obligated ,here-
I 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 or, and such insured shall at once assign and transrer
case any such action or proceeding shall 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 or 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 ror which the Company shall or may be liable NOTICE OF 6. A statement in writing of any loss or damage
NOTICE OF by virtue of this policy, such insured shall at
ACTIONS once notiry 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 or any such loss or damage shall be
notify the Company of any defect, lien, encumbrance, or other instituted or maintained against the Company until after full
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 arter receipt by the Company of such written
Company as to each insured having such notice in regard to the statement.
subject or such action, proceeding, or claim shall 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, all
shall be actually prejudiced by such railure. 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,
proceedinp; 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 or 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 8. 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
~ J on by the Company on behalf or the insured. The word INSURED in Schedule B, in order or 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 for, or in the owner of indebtedness, any loss shall be payable to the in-
COMPROMISE name of, the insured, any claim insured sured, and ir 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 or payment of the rull amount of WRITTEN 9. No provision or conditioQ or this policy
this policy, together with all accrued costs which the Company
is obligated hereunder to pay, shall terminate all liability or 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,
costs thereor. POLICY or an Assistant Secretary of the Company.
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