P-61-4
r - ' . .~-'-~ .."~ ~.,
Recorded Feb. 8,,1946 in Book ~~399, :Page 369, ,~CErc~aYI No. 61.4-
. O1'ficia1 Records, L.A. County Q _, :.0 J=ORMRW-17
,I" 5.. ~1de Ste... >lOJ+94to Oenttn.ela Ave..
,. DISTRICT , COUNTY ROUTE I SECTION
f Z")"'194' (Part) ;1
.1 tten by'~OR VII I LA. 17) 1$ Me..
eeked by leD '
Oom.pared byz ~
Paid tor Land - -t616,'QO ...
Paid tor Ingress It.. '-~, WiJ,lcins<:>n 508530
, Egres. 681. OQi'~' . .- ,--. . < "
, Dlst. VII Sohed. 6412 -H.Q.aohW.~~ lb
,
... EASEMENT
__.____._....__..___._'..'_____......_...m..' ,-,OAEI!AL-..c.oeAH!'...,-.-_-eorporat1on.,---.sP1H4-~-aa4----~-..-,---m-
. e~1-,.~1p-K.Jmg,,~,~___M.L.11.J:,__!,11."~l\~LOJ:_mth!Lla.1fIL_ot___1ihfl__Ji'iatJLot.._ O.l,t .tQ~~--_
---------------------------------------.---------------~_._------------------------------------------------------------------------------~-------':"-------""
:
--------------------------------------------------.,..----~---------------------------------------------------------------------,.,--------~---
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I GRANT to the State of California an EASEMENT fOL-the.G.on$,truotiOll,.--aJl.fL,mai ntenenee--ot------.
, .~~~i\~D_'_~_1L.'19_p-~_~__..t.Q.:r___tl!..,__y_~,r1i.1g_al__.an.d...lalnll--.8uppor-t.--.ot--.a--P\lbUo.----------
. _~~~~l:_._______.__,__._._...., _.__,_.__u___,__________.___._____.___...______.__.._____-.-------.-----,-----.--"-,----,----.---------.-----------------~-----.---...--.-,--.--
upon, over and across that certain real property in thL---.--DiJiJ'---ot---S.aata- Konie..- ,---..-----....:.-----.---.
County oL.Los__.Ange18s_'nm'_..nmmu_._mm...____,_" State of California, described as follows:
That portion. otLot S, in Block 199 at l~nd.d Map. ot the City ot
Santa Monioa, as per map recorded 1n Book 39 ot Miscellaaeous Recorda at
Page 4;, reoordsot said Oounty, described.a. tollows:
Beginning at the intersection ot the north..sterly-line of Ol3'IWle,
Boulevard, ;0.00 feet wide, desoribed 1n aeed to the said 01ty ot S~ta
- Monica, reoorded ih Book 1:3615 of Offioia1 Recorda tit Page 28'_ reoord.
ot sald County, with the northeasterly line ot said Lot 5; thence "esterly
. along said northw&.terly line, a distanoe ot 22;.00 teet; thence Northerly
along .. line the prolongation of which pass.. through the most easterly ,
(
corner of Lot 4i11 said BlOCk 199. to a line that 18 parallel wIth 8J14
. distant 7.00 teet Northwest'l'ly, mea.urea. at right angles, from the g..~
northwesterly line of' Olympic Boule'fudl thenee I'ortheasterly alo116 nid
.
, parallel line to the sai4 northeasterly line of Lot 51 thenoe Southeasterll
!
'. . ~X~~
,...- .....~r..>
. r I... '" - . \ " "..' .
,1QD.g 8&'.4 JiortheEi,Illte:rly 11ne to th~ ~ai4p~iD.t ot beg~)'lJ'ha8.
'.-.' . ,,',' ..-
'thi. e-onv.ya.nCe 1$ _a.. tor the' purposes ot a tJ'eewa, 4Qt4 the~antef,
bereby.relllta.e. and relinquisheato the grantee any and aU ~butt.t'tsJ'.S
ot acoe.8, app\U'tenen.t to the grantorst remaining propert1. l'n$ct..o .ela.
tMewa1. over and aor,08S the southeasterly line ot the above desierl\>e4
p-..roel ot land.
,
,
!he are.n'tor hereby rurth8r.grants to grant.e all tree., growths
(~ow1ng or that may hereatter grow), and road buil41ng materlalsw1thln
sa14 right ot way, UJ.oluc11ng the r1&ht to take _t81'. tiogether wIth therlpt
to use the same in suoh m.ta.1mS1" anc1 at 8uohlo()&tions assaia gran:t..-._,.
deem proper. n.eedful or necessary. in the oonatruotlon, reconstruotion,
~provem.nt or maintenance ot said highway.
.
The grantor. tor itselt, its successors andasslgns, hereby "Cllv..
any claim for any and al.l damages to gran'tor'lI remaining propexot1oont:t.gu- J
ous to the right, at way hereby conveyed byrea.oa 0'1 the 10catioD., oon- .
struotiOD, landScaping or maintenanoe of said,highway.
RESERVING unto owners 0'1 abutting lands, their successors ~r tluud.gn...
, '
the right at any time toremo'Ve such.lopes, or portions thereot, upon.,
removing the neoessity tor maintaining such slope., or portion~ thereot. or
upon providing in place ,thereof other a,dequate lateral supp,ort, the deaigIl:
and oonst:Mlotion of wId.chab.all be ti,rstapproved b1. th81)1:9'1. $1.Qnot,~'W&.rfl
ot the Department of PublIc WorkS of the st~te ot Calitornia, tor thep1'o'"
tection'ot said highway. ,
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, In "1\11888 Whereot, Said oorporation Q,Q.s oa\u.." 1"8(1)1"'01".'- neat to
be hereunto ~~s.rib.d ,and its oorporate ...1 to beatttxe4 he..to
%!ISf this'..---.jil.4___m____n___.___.day of ---..J-amJ;filI'7.j,m--m-mn-----',--....--,-,.-.l_, .
Signed and delivt;l'ed in the presence of _-'m__,J1AJ?D?J1LQOliP..A1i% _m______'___.______________
. .m__n.__mn.n_..H~~~J.~c_"_g~_~~~__..,__..___._..m._m_m__mmm BY,--,..i-~.s~~t~~~~~~."Pfe-ST(Ien-t-------
, __________________________""_.._...,__'-c,_...__,-___________________________________________________.._____ .m--m-n_,___m..._m_______m__n_m_'.-,."'"_.""__._m.m'T_____.'n-')
. .. .", '" ...,'. SEAL
J~r_m___TcL.S_L,:~U::[[~.y_.._"_"_.L"...._"__._'mm___m__.
AssistantSecre'ta:!'l' .- , v
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A....".' i . ~I!!a ...-.. '1 QRa~9K
STATE OF CALIFORNIA }
--,--,-....___..,COunty oL_,.LQ..;L@ge1 ~_~_m,,'" ss.
On thiL,2,3-r,d..__drly of'''"J,a.nu.a..:r'.Y,.....",",...."..in the year one thousand nine hunared ana._..t<?,~.~.1-=-.!5_~_._......_m___., before me,
-....,....,..,,--t.bemun.d.er,s.igned._.._.mm,,"m' a Notary Public in and for 'the,__,.._,_",,,__.County of "',,--...Las...Ange.le.s...._._..,_____,
State of California, residing thegin, auly commissioned and sworn, personally appearea.__________"'_
P. W. An erson
------------.----------.---------------------.----------.-------------------------.--.-------.--------------------.----.------------------
. ~~::..~:-':~'-;~'~~"~:~~~~~~AisIiiiiit~=yl~~Ei~~~~iIfl~~~I~~~d-..T-:-..S':m.-.
_. M i DJln...kn.o.JYn.-,tQ...,~_t.Q_:tH~.._ll'!~.._A_$J!~J!~~~.f=~.ie-~~!~i'y
of the corporation described in and that executed the within instrument, and also kn~ to me to be
. the person_ who executed it on behalf of the corporation therein named, and ,_,he,_ acknowledged
(SEAL ) to me that such corporation executed the same.
. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, at my office
in the.-...."._".."_,_..__,,County of-__,..."Lo.s_.Ange,le~.._.___'_..m......,,' the day anti year in this
certificate first above written.
RICHARD ;1'. PITNEY
(ACK NOWLEDG M ENT -Co RPO RA TI ON) --.---------------------.-----.----------------.--.------------------------------------_._--_.~-------_._---------.-------.......-
t0953 3...34 8M. EST. 8051. 50 TO PAD Notory Public iu .ud for then__'_"',,_____,County ol-,--,~-A.n.g.e~e.s..__, Stat. 01 Colilomia.
CALIFORNIA STATE PRINTING OFF'ICE
My Commission Expires Jan. 1, 1950
STATE OF ~::OR:A'= =:~=d:;"~-~-~~:~==m 'm ,... ~-~ ,,~::_~~:,~
r before me, .......,......'" --""--'-"''''''''''''''''-''''''''''''''''''''''-'''--'''''''--/a Notary Public in and for sai ounty and State, residing {herein, duly commissi(fflea
and SWC11'n, personally appearea......."''''..''''''_...._'''''...'..''..'''/........,....''''''_....''.......''..,...._,-..'-".....,,,......-.- _..,"''''""....._,--'''...''''''..,..................,............"........
known to me to be the person whose name is subscri"fct to the within instrument as a subscribing wi ss thereto, who, being by me duly SW9rn,
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. aeposed and said: that he resides in thL....,_,..',..',..;/.........,..,..."'County 0/..,...."''''''...._........'''........_......,.."...,..... ......"'....,...,..,"'".." State of CalifC11'nia;
that he was present and saw....,..,',..,..,,,...._..,..,;~l,,,,,,,,,,'_.._m,'''_'''''''''''''',.....,.........."..,,,,,,..,,,,,.-.._,,..,..,..,,,,,..,,"-,,,,.., "-,..-,..,..,......,,"-,..,,,..-~"',..,--..,,"'-.
,/'
----- --_ -_ ---- ---------------------------~~----------.---------------",..,t~-------~---.~~--~---~---_:_
l
personally known to him to be the perso1/':.. described in, and who executed the said within instrument as fJarl..",,,,,,..,,,,--..,,,.. ..._.,.._",....",,,..,,,thereto,
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sign and execute the same; that he, tji; affiant, then ana tbere, at the request 0/ said person"..", subscribed his name as a witness eto.
,{
IN WITNESS WHEREgot: I have hereunto set my hand and affixed my official seal the day and year in this certificate first a
.
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J ------------- ---------~---- -------------~--------~~--~------------------~-_.~--_.--~-_._---
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My commission tKPireLi:----. ... .._.__n _________ um____m_.____._~ _______m__________~___u_ __n_n____.__________m___..____m_____.:.-__~___~ St.te of California.
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No. 1040-1-b500-2-4l!" .j, ..
Easement Form
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. Policy No. 'JG913U
1o.~.~W Co.
. ~Uli .,7J-SIM
\. Title Insurance and Trust Company
a corporation of Los Angeles, California, herein
called the Company, for a valuable considera-
tionpaid for this policy of title insurance,
does herehy insure
.-.U OJ. G&1fo;au.A.
,
herein called the insured, against loss or damage not exceeding
. tl.t~.oo
. which the insured shall sustain
by reason of title 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 her~f, 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, hereinaftercilled said land, over which said easement
exists, unless such lien or encumhranceis 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 apart 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 ,.~26. 1'''' .. 1.00 4. L,
TITLE INSURANCE AND TRUST COMPANY
S tM. C>A.\ 'I' O'~
.
by
PlUlSIDBNT
~,
. Attest ;'-.,-, .",',T ~r;~<.;;~;~n-'(' (.il"!
ASSISTANT SECRETAll.Y
.
This policy consists of pages which are numbered at the end of each page.
.
. Form lO40-A-l
l :r L
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. SCHEDULE A
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[ 1.] The title to said easement is, at the date hereof, vested in
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" S'l4& 0' taL1I'OiIIlA.
[2.] Description of the easement, title to which is insured by this policy:
AD ........t 0" tbatJOritoaotLot.S, Ilook 199 of ...W., Sa
the 01\1 ot SaIt- lloId-, eo.\1 of Los Aapl....at.ate Of CaUtollllla,
as per .p ~ in ..Book. 39 'ap 45 of' ti....ua.... beo1'd8. la
tbe ottice of _.eo...". BNorder of sd4Go\ta't1, dHorib1t4 uto1loi...
. Be&lJmSal at tU s.tu-aeet1oo ot ,t.lul Ior1ib...ter17 .u..o! Q1pp1-
~.. -.00 f'..t1d_, uaoribe41a the deed to .. Ct__,.!__
. 1Ioa1aa.~ reeol'W ia look 1J6l5 ..... 28', Of't'icl&l BecoMe, with tbe
lortbeu....r17 Ua. ot aid tot " til__ "..r17 a1.oaC' _4 Iorth.......lf
Uae, a tine.. o! 22'.00 tee'. t.beIloe 'Ier~q &loag .. 11.. t.be pro-
laDKationof' which...... tnrouaa the 1108' luterq COJ'Ur of Lo't4 1a
Mi4 B10ck 199, to a Un.tha\.!. puallel with _4 ilrieat '7 _.oot..t.
Iorttl..ster17, ~..t ript ..glu, troa the said lo~17
U- of' ~c JRte"'l' taUft...orthea.tc"lT a1oacsa.t4 ~
u.. to n14 lIortn-.ter17 , Uae at Lot 5, theD.Ce SouthMat.ttr17 ~
tbe lort.heuterl1 u.. of' tne -.14 poiat of -&Swag, tor the .....
structloa Uti ula--.c. of' _._a' slopes tor the wrUoaJ. ...
lateraln.pportot .. pUUcblp.;y..
Aoqu1~ b,y deed troa, .Captw.. ,,~,a oOJ'pGrat4oa, noorW. ,.~
8, 1946 ... laatruaellt 10. ~,.
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. Pille
! 1Il :[ -"
. 111DO,UPIIIT
. AftACliU TO fOLIOr >>0. 2091311
ISlOiD BI
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'rl TLI llisuwes JlDtiW$f OOIPAlI!
. The CoIlpany aaaure.8 tiw i.sur-eel that the o..rs of the 1'$codtdtle
to the toUGan, d..en bed landl
That port!_ ot Lo't , 1a mook 1" .. fer..tled .p
of to C.1V of s.,ta Ioai_, ia tU' City ot __
IIoIlSO&., COWS:c1 of Loa .C.w... State ofCaUf'om1....
recorded .sa Book 39 ,age 45 of 11aoe.l.laAeoua bcoria,
m tn. ott.1cse of tha eo.tyaeeorclel' or aa.i4 CouDtoy,
desen be4 U foll0lf8.
Be&1~ at the 11081'. 1Ut.er1.1 COrJ.'lftr ot Lot .4 ia
add Block 199. tbeac. 8outblJr17 1a a dSJ'8Ct U_
to apoSat ita tba lorth l1D.a of (1)'1tP1e Boul...ar4
.-de.en bad. ill 4ee4 reconied Sa Book 3361' 'ap
285, ott101a1 Recorda, d1atat 22' te.t "at.erq
. a.loag add. lorth U..e .t1'08 the Jtortbeuterl1 U..
of .aSel Lot SJ thence. laater1,a.l..oaB sdd. Iorth$l'1I'
. 11ae a di.taBee of 225 rMt to the polat ot 1ater-
HOt.!on ot saJd. lorth Uu of Ol1llpic ~
ar.ul aaid Iortbeaater1y liII8 of sa14 Lot ,. th__
lorih..8terl1 aloa, eaid.lort..be&.wrl,. U.. of 1,0\
S to the poi.t of. be&iWlilg.
aDd tne owaera of -1 reoordlaterellt 1n 0,1" 11-. OIl or en.ouabran_ of
record upoa wd 1aaci, otaer t.baIl t.b.e holders of tu or u...__t, u._.
baft each releue4 cd reUnquJahed to the 1........ all rlpta of 1~_.
_4 earea. to and frea the lad .aorfbed fa tlda 1adoraeuat o....red.
aoros. the SoutMaawrly 11ae or the ......t4eaeribed .ta seed.Ule A
or thl. pollct which acorued or would aoOJ'U8 to thu u app\U"teD.af1t. to the
laDd deacr1 bed. in tbj. 1ndonement., except .an: ricb-u 1"8....... by tUa
In ad eubJeot 1:.0 all7 OQAdit101l8 set, f'0r1h. 1. ... iM4. froa o.pltal eo.pe7
a oorpor-.Uon" to 8t&w ot Ca.1J.f'0m,1a, recoried. ,.~ 8, 1946 ... lutrzu-
MDt 10. 2283.
The ~ here07 1a..... the lnalill'ft4qa1ll8t. aJIJ7I loa. wMoh the Ill.........
ahallauatalll ill the event that the, asauran.ee herein. shall proy. to_ SIWOJ"l"eet.
!he total Uabiltty or the CoJap8lq ua4.r this JOlto)" u4 f.fIt:ilador....'.
herein _ill, ho"'e1", not 8XC864, 1n theaurepte" the ta. ....t otUd.
policy and eo.t. which the CoIIpuy 1. obllga.ted UDder th..Up:LI.atJ.oaa hereof'
to pay-
.. Th!al..do......t 18 IIa4e .. pa.rt ot .a.!d polloT ani. 1. ..bJ.n. to __
I . t ..
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. sched.ules and st1pw.atJODB there., except as lIlOd1tSe4 by the prona!es
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hereof.
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TITLE .1I~81WTC& AID 'l'&USt OOIIPJI!
BY.
.4sa1stan~ StJOft'f:.ar7
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Form 1012oIJ. 12-45 ll'!lM 1 .
)
. 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 nC)tice;
\ 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;
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. SeCOlld 1Ilatt,11_11t ..eral ad special Oounty and O1ty tuea tel' th. tlac&l
year 1945-1946, aao_t. $27.53, em 0.50 acres c01IllI81'lcing eJ.t the lIO,t. Berth
i<. comer af'Lot. 5, Block 199; thenee Southe...t on the Iorthe..t 11.e ef Nt4
Lot to Korth...t 11ne at Ol.1Japl c Bouleft.1'Cl; thence South._t 013. ..14 Iortb,...
west 11n. 22, f..to; theace .Iol'th..t to begjmrlag.
2. An aetion couenced Dee_bel' 17, 1945,. eati tled The Peo>>e of' the State
or CaU!amia, ya..ear1e W. WU.kinsOD, 810 al, to con4un the _..-t de.....
ori bed jn 8ch&4u1.e A thent1n "alpated u Paroel 10. 13, !or publ1c uee" Cqe
110. 508530, Superior Court-.
letioe of the pend8llGJ' of aajd ao1'.1013. 'fra. recorde4 December 17, 1945 in
Book 22561 Page 259, Ott1c1al Recorda.
3. !he rlcht at any tIu to reIlOve the alO"8 referred to 1.13. Bohe4t4e A or
port.lou thereof, upon 1"$IlOYiBg the D..cassity-tor ulata.1a1ng eucb slope8 or
port.1013.s thereof, u resel'Te4 In the d..d !rora Oap1 tal CfoJIp.,-, a corporatS on,
to State of CalifornIa, recorded 'ebruar1 8, 1946 as Instr\1lD8llt Bo. 2283.
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Form 101Z.C 12-4S 70114
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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 seCllrities, and remedies which the insured would have had
which result in no pecuniary loss to the insured j (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 1055. 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
or 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 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 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 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
NOTICE OF by virtue of this policy, such insured shall 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 LIMITATION 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 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 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 shall cease and ter-
minate; provided, however, that failure to 50 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 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 pan}', but not otherwise. The liability of
mits or requires the Company to prosecute or defend any the Company under .this p01icy 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 wimesses, 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 withont 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 lirst, 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,
r 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 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 conditioQ of this policy
this policy, together with all accrued costs which the Company
is obligated hereunder to pay, shall 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 S,ecretary,
costs thereof. POLICY or an Assistant Secretary of the Company.
.
6