P-316 (2)
I
...... ~. ....... ...... ....... ....... ...... "'-~,........""........, -' .., , , , ~ / - / /~ - - / - ~ - - - - - - .
. J
TO .1012 FC-DP (7.71) pee;#~J6 (CCS)
CalIfornia land T,tle Association
Standard Coverage Pol icy Form
Copyright 1963
POLICY OF TITLE INSURANCE en ~
)10.
:z: OJ 0
;;! nl1
......... -"
:.c: ...., -,'
0 ""< .(")
ISSUED BY 2: -- ~ iT'I, ,,'
;) n
c-.. I.;.':.) '--0:
Title Insurance and Trust Company 1:<- \J
f'Tl ,e,
n "\:) ~ I
:r,~ -- ::0.., t,..,
--
r- ~,--
- - ..........
-'1 -.....~.! l"'""'i":
. ~ . '/
Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable
consideration paid for this policy, the number, the effective date, and amount of which are shown in
Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal
representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation,
against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys'
fees and expenses which the Company may become obligated to pay as provided in the Conditions and
Stipulations hereof, which the Insured shall sustain by reason of:
1. Any defect in or lien or encumbrance on the title to the estate Ot interest covered hereby in the
land described or referred to in Schedule C, existing at the date hereof, not shown or referred to
in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or
2. Unmarketability of such title; or
3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the
owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the
lien or charge of said mortgage upon the estate or interest referred to in this policy; or
4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred
to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage
being shown in Schedule B in the order of its priority;
,
all subject, hO'!...~~~))~y~\Of Schedules A, Band C and to the Conditions and Stipulatio~s
hereto anne~ ~~C I?I.I..$' 'It
".::::" ~ .*4IIUlIl., ,
;' '> ...~€. IS PRO... r I,
~ "> .411 ~o '>""<~~ ~~
j:f ~ .. ~4.t ~ 'I- ~1lm;1 S ereoj, Title Insurance and Trust Company has caused its
~'" "~.~~
~ 4J r'::i:',;,,~,",.::;71-C}; ,at~t\1 seal to be hereunto affixed by its duly authorized officers
~ -I . -'-.- ""'r: ,=..r: .,~"f ~ t, lh(,pv Schedule A.
~ t:: . -, "0', ~.:~ ~<t.~ f:, .. Z ~
~ \-. '7tste/./.~it:I\~ ,.: ~ ~
lII' _'~'",e ~
Z .. .A" i;!'"c0 ""il'-,)~" Q II
" ic ...y ,\,>_. ~ ~~ "~~,, {v · * j; .
II ...~ ~ -:- .rc'-":.'~~, 'e "<<:-'.:t.fIIfII ]:: Title Insurance and Trust Company
'I, <0 ..~rArE \S c;u:.. ',5
tt ;S .......... ".::::" ;('
\\\,4NGE: ' ~~ by ~ ~ ~ ~
~ e"":'''~,- V h_-
PRESIDENT
~,..,
w," ... M ~ Attest ~ .
SECRETARY 0\ 10
SCHEDULE B PART ONE
1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or
assessments on real property or by the public records.
2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an
inspection of said land or by making inquiry of persons in possession thereof.
3. Easements, claims of easement or encumbrances which are not shown by the public records.
4. Discrepancies, contlicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey
would disclose, and which are not shown by the public records.
5, Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights,
claims or title to water,
CONDITIONS AND STIPULATIONS
1. DEFINITION OF TERMS 3, EXCLUSIONS FROM THE COVERAGE OF out knowledge.
The following terms when used in this THIS POLICY
policy mean: This policy does not insure against loss 4. DEFENSE AND PROSECUTION OF ACTIONS
(a) "land": the land described, specific. or damage by reasons of the following: -NOTICE OF CLAIM TO BE GIVEN BY
ally or by refetence, in Schedule C and (a) Any law, ordinance or governmental THE INSURED
improvements affixed thereto which by law regulation (including but not limited to (a) The Company, at its own cost and
constitute real property; building and zoning ordinances) restricting without undue delay shall provide (1) for
(b) "public records" : those records nr regulating or prohibiting the occupancy, the ~e~ense of th.e Insured in all litigation
which impart constructive notice of matters use or enjoyment of the land, or regulating consisting of actions or proceedings com-
relating to said land; the character, dimensions, or location of menced against the Insured, or defenses,
(c) "knowledge": actual knowledge, not any improvement now or hereafter erected restraining orders, or injunctions interposed
constructive knowledge or notice which on said land, or prohibiting a separation in against a foreclosure or sale of the mort.
may be imputed to the Insured by reason ownership or a reduction in the dimensions gage and indebtedness covered by this policy
or area of any lot Ot parcel of land. or a sale of the estate or interest in said
of any public records; (b) Governmental rights" of police power land; or (2) for such action as may be
(d) "date": the effective date; or eminent domain unless notice of the appropriate to establish the title of the
(e) "mortgage": mortgage, deed of trust, exercise of such rights appears in the public estate or interest or the I ien of the mort-
trust deed, or other security instrument; and rewrds at the date hereof, gage as insured, which litigation or action
(f) "insured": the party or parties named (c) Title to any property beyond the in any of such events is founded upon an
alleged defect, lien or encumbrance in.
as Insured, and if the owner of the in. lines of the land expressly described in sured against by this policy, and may pur.
debtedness secuted by a mortgage shown in
Schedule B is named as an Insured in Schedule C, or title to streets, roads, ave. sue any litigation to final determination in
Schedule A, the Insured shall include (1) nues, lanes, ways or waterways on which the court of last resort.
such land abuts. or the right to maintain . (b) In case any such action or proceed.
each successor in interest in ownership of therein vaults. tunnels, ramps or any other
such indebtedness, (2) any such owner who structure or improvement; or any rights or 109 shall be begun, or defense interposed
acquires the estate or interest referred to easements therein unless this policy specific. or in case knowledge shall come to the In:
in this policy by foreclosure, trustee's sale, ally provides that such property. rights or sured of any claim of title or interest which
or other legal manner in satisfaction of easements are insured. except that if the is adverse to the title of the estate or in.
said indebtedness, and (3) any federal land abuts upon one or more physicall y terest or lien of the mortgage as insured
agency or instrumentality which is an in. open streets or highways this policy insures or .which might cause loss or damage fo;
surer or guarantor under an insurance con. the ordinary rights of abutting owners for which the Company shall or may be liable
tract or guaranty insuring or guaranteeing access to one of stich streets or highways, by virtue of this policy, or if the Insured
said indebtedness, or any part thereof, unless otherwise excepted or excluded shall in ~ood faith contract to sell the in-
whether named as an insured herein or not, herein. debtedness secured by a mortgage covered
subject otherwise to the provisions hereof. (d) Defects, liens, encumbrances, adverse by this policy, or, if an Insured in good
faith leases or contracrs to sell, lease or
2. BENEFITS AFTER ACQUISITION OF TITLE claims against the title as insured or other mortgage the same, or if the successful
If an insured owner of the indebtedness matters (1) created, suffered, assumed or bidder at a foreclosure sale under a mort-
secured by a mortgage described in Sched. agreed to by the Insured claiming loss or gage covered by this policy refuses to pur-
ule B acquires said estate or interest, or damage; or (2) known to the Insured chase and in any such event the title to
any part thereof, by foreclosure, trustee's Claimant either at the date of this policy said estate or interest is rejected as un-
sale, or other legal manner in satisfaction or at the date such Insured Claimant ac. marketable, the Insured shall notify the
of said indebtedness, or any part thereof, qui red an estate or interest insured by this Company thereof in writing. If such notice
or if a federal agency or instrumentality policy and not shown by the publ ic records. shall not be given to the Company within
acquires said estate or interest, or any part unless disclosure thereof in writing by the ten days of the receipt of process or plead-
thereof, as a consequence of an insurance Insured shall have been made to the Com- ings or if the, Insured shall not, in writing,
contract or guaranty insuring or guarantee- pany prior to the date of this policy; or (3) r.romptly notify the Company of any de-
ing the indebtedness secured by a mortgage resulting in no loss to the Insured Claim. ect. lien or encumbrance insured against
covered by this policy, or any part thereof, ant; or (4) attaching or created subsequent which shall come to the knowledge of the
this policy shall continue in force in favor to the date hereof. Insured, or if the Insured shall not, in
of such Insured, agency or instrumentality, (e) Loss or damage which would not writing. promptly notify the Company of
subject to all of the conditions and stipula- have been sustained if the Insured were a any such rejection by reason of claimed un-
tions hereof. purchaser or encumbrancer for value with- marketability of title. then all liability of
(Conditions and Stipulations Continued and Concluded on Lost Page of This Policy)
. . .
- -
- - ---___ -- _ _ - -T _____ -._____ -- ~ ----- ----.------- --~-
012012025 K 211
- -
. . .
SCHEDULE A
PREMIUM : $595.00
AMOUNT : $114,800.00
EFFECTIVE DATE: JANUARY 17, 1912 AT 8~OO A.M.
POLICY NUMBER : 0846341
INSURED
C IlY OF SANTA MONICA, A~t.I,\t',l\~if\~"t}i.~~~ORAT ION
_'}_:~'t::_:':;.~:::~1~i.;;,;~;1:~-\~:'~'\\,~; :-"\it",. . 'i\\_ -- i'1t. -'\~'h_ ":':{;~~.:v}(~; ':1~~;\,'j\_-"\1~~,_ \;:;
1. TITLE TO THE ESTA!i}i;;a"\2+r~J;E;JlESI }G~.~EIl~J"w8\i'\.l,l;!IS POL ICY ,.AT THE
DA TE HER EO F IS VE ~.~~~;::,~ '~\,~ll!;t;\~{l:t,::::}'l;,;,..:'ii~":t.:,,;lt' :('J;';ji:;}t~';1
CITY OF SANTA.t;;;It1NIQir,,, MWN(.!r'"iVj;''G11&tPf)Rif,'~"
,. 'i,:'I';1''i!''1111.1;;: <I'll;:: '; ;:;:;;;:;'l:.;;; i:;': tl<t .,%"f ,;;;t;ytt., l'
2. THE EST A TE\",~"" :t,.\(!'R~i':;;i;9;;1'fI~ \t.~;N9bE$~il,t'\iD q'@:;~!'JRRED TO: IN
SCHEDULE C CO".RE[)\;;J):f .tS\,POl,I:t:t",~~;";,'rI tFEE.\\'sp . . ;lv
i-"-- :;;wrEA~:;":i:;':- t\'J1) ,i\i"_"v- _'lP" . '-:::,t:~\::;;i\:;) -/\:?t;":;::~:-\~:~'%tf:~l~__ -~)'
:' \: --->.
S C Ii E,9YL~"B!,:~:~~it,:;,
, , , -,- ':~- :. '??'~ ' -:<-. /!l
THIS POt:'ICY. DtJE$^,H0:f INSURE "O:AlftS';L ~~S,'OR DAGGea:SY"~<<EASON OF
THE FOLLO.n~': ;" . ,,";';";"" '^;;\,;'",,'; i:\ ' ^,...^ ;{
.,ri"" ,<,\~:,i:C:::',:~~z,r,:~!ii':::i,. , ;'1j:I:,i(~,i ,,"""'\(' ..".,e'
ALL MATTl:~:S s~,;r "DR~H ';!t;PARAQ<<APHS ';Pw,,~tReti,j: ~;t TO, 5 'ttICLUSIVE ON
TH E INS 10 E COi,'R!hEE~/'~,;.nfise~~;i~~/;i~t4f1S8,,~\fij-l(~/ \tlAO. G,~~H EDUL E. B
PART ONE.,::"";? ;;;;;1' '/,'" 'ri'i."""',::r" " "', ",7""''''
';",";;; T tt.Q",
1. AN EA S EM ENT Q:f'f=C~:~~"i~ ~;;:; ,tii'1t 8l4;;;;'OF ~\.'~\;Fr!,~::';AN 0
FOR THE PURPOSES ST~t'\)e HEt{S'l\.";r''!1Q; ~1fO~~N~<<L~IPOSES,
IN FAVOR OF CLAUDE J.' .'~;~~hANDg'..t,PIi,l\:ANb d~~e;~~~:;:,"ATE MANUFACTURING
CO., RECORD EDJANUAR Y 3 ;''l~',*'t,:l,..tt.:.t}Q~,~;:a,Zq\ti''''lGE 32, OFF I C I AL
RECORDS AND RECORDED IN BOOK "I1.II't"t.eE:l:.I'M); OFFICIAL RECORDS
AND AFFECTS THE NORTHEASTERLY 30 FEET OF SAID. LAND.
2. AN EASEMENT AFFECTING THE PORTION OF SAID, LAND AND FOR THE
PURPOSES STATED HEREIN, AND INCIDENTAL PURPOSES,
IN FAVOR OF ' : CITY OF SANTA MONICA, A MUNICIPAL CORPORATION
FOR ' : UTILITY LINES
RECORDED : JANUARY 3, 1968 IN BOOK D~3875 PAGE 160,
OFFICIAL RECORDS
AFFECTS : A' 10 FOOT WIDE STRIP OF LAND FOR A UTILITY
0846341 PAGE 1
012072025
e e
- . .
- . .
-
,
0
L
l EASEMENT, BEING A PORTION OF~ LOT 3, BLOCK
200, TOWN OF SANTA MONICA, IN THE CITY OF
SANTA MONICA, IN THE COUNTY OF LOS ANGELES,
STATE OF CALIFORNIA, AS PER MAP RECORDED
OF MISCELLANEOUS RECORDS IN BOOK 39, PAGES
45 ET SEQ., IN THE OFFICE OFTHE,COUNTY
RECORDER OF SAID COUNTY, BEING-5 fEET ON
EACH SIDE OF THE FOLLOWING DESCRIBED, CENTERLINE:
COMMENCING AT THE MOST EASTERLY CORNER OF SAID LOT 3; THENCE
SOUTHWESTERL Y ALONG THE SOUT!::!E~~;:FC"j!J~,t1;,~J'1''i OF SAID, LOT A
D I STANCE 0 F 13.00 FEE T T9"w~;ltJ'8!N'<OF\;tl~I'''tt)l)~G; THENC E
NORTHWESTERL Y PARALLE~'Am1\hm~"",t.tpRT!::!~.~.SJE\.kf\:"i. ,OF SAID
LOT A DISTANCE OF 64,Q~:fm 'F~~~,\"QBEij;;'OMfi'E~5'/!I~i l~\"l.NT IN
THE SOUTHEASTERL Y i.,~!MEO'1\:~*tJRAt?O,~Y~.Nut,lC"l\f);P'd~fir BEING
THE END OF THE C~'IE'Rl.:t.p.'tiF,~MII"~~~!MIJ;!! 11lC\y:\S;il1ft,J..,INES
OF SA 10 EASEMEN~,:::!t1:1t!~,"EXI~"!~"i~i'~(lItfHiW'~Je~~'h A'kir111R' ;~:UTHEASTERL Y
AS R EQU IR ED TO,,;::P~Ii~~I!C1;4j;;"JiP:,;"bRTH,~~:~J ERl:tt;~fl1{4 OR.~4'1fIAS TERL Y
LINES OF SAID,f,aT~;e - ""','''':'\t{A;,, <' ",
,~":-:__",-,, ""':, :>,- ,: -W-:~:,,__"...:,.-___" ':'.',.
"?:%<
;.,: "W'~
>-'A'~\_-';
:t'--"" '\;::;"-
-,- '0,' ~ '---";".
, ',;,:';;1..,; " }:t!~:~\ '.
,- '--':~.- /:1:::';:;J";;:'};;" " "",\:;"..:," ;
"':'-';-_.':' ".,-."",-":':-":'-:,
~;:-, ',-.-. .".- , - ,.'.- " '-
~~[(~, ';'{J j~~t%~"i,):.
,- <,.
,. ",;-
. ,..: :~-
;,;'.'~--._'.... \..-~.
0846341 PAGE 2
012072025
e e
- . . .
- ..
-
,
0
L
J
SCHEDULE C
THE LAND REFERRED TO IN THIS POLICY ,IS SIJ'UATED IN THE COUNTY OF
LOS ANGELES, STATE OF CALIFORNIA" AND IS DESCRIBED' AS FOllOWS:
.
THE NORTHEASTERLY 80 FEET OF lOT 3, IN BLOCK 200 OF THE
TOWN OF SANTA MONICA, IN THE CITY OF SANTA MONICA, IN THE
COUNTY OF LOS ANGELES,' S~A~E:,Qjf\\.~tt;\I~tiI".ti~: i~"S, PER MAP RECORDED
IN BOOK 39 PAGE 45 OF MISq~'NlfZOOS'%R'E'& ~\\\+fj.JN THE OFFICE
OF THE COUNTY RECORDER<,~"t:kS'l!R \\FOU~H:~'jS4:liJ'\.\f;llb\QEING ALSO
MARKED AS A PORTION",QE'::XPAR',i,:\~~::.ON:j;:~';$Mjp.t"I~I,~".l'Q AS EXHIBIT
.C. F I l ED IN C ONN~,~:!'()ti 'lj."';jTHE....R.~ ~,~~EE' S1' ~n~I.:r~"ACT I ON
B 25296 OF THE Sya:;fHOC:1ih~tJ~J\!i:QF 'ik~~.'t)::\U.\ti.IY ;&.tilq~1,,1 ED
COPY OF THE FIN~~:w'DE""'~EPi::{~4,1'.. Ae:JliB";fp0f~~lHE_'''11tItA
CO PYO F SA I D M.~;;:'B I;l~~ Ri'~ED'lNi: I;109K:bj~\'4~.GE .):VtPP ifl~E EDS,
IN THE OFF ICE,Df; T~'e+:C(lfJijT.,."Rt;QfJRD&.*.<;~U;;,;'~AI~['"pa~T"'\~:\v; 't~i
EXC EPT' THERE~t5M;";;~ +;;,:;~~ s~~~~~,. ~~f'~ii,.<\b;j~~\i;:~~VW(,;lERl Y
15 0 FEE T 0 F \~I I Q.yl.t:A Ntt.'i;\;;:;;'i:\."c'/ <"sf'" i;".;;{
,-,,:,;,,;-;.- '''c'~;''''l_"""". '~_"__'"";'.v :'- "'_'_::.;:"""":~""""" ,.__./ ",::,:;-' ,,,..' }~~ .y""",.,::(}>~~:i\~ ,.~ '. 0:~"'~ """-0, \, it}: ,S:'
":, . """"',:,\"..:':' . , ".
. --..,>?". ":-: ..,' {..__-'s t '.-- [> :~,. '.
"",~,^ J " '. '-'....,.. \.",,':,
'.' ,:l~:'~F:~~:",,,,::, ",,,,.~:,,,,,,::,,,, ',,'. '5,' ': '::, "y"".."',,
"~::L)"r:'~':"""""":,, .',",' '~";' -- '"''''\:''::,:'::"",:i''' ".: ,~., . ,,:/ ~'". ~
:>;;<;P'j:' ,'pf, ;;';:r;:"~,':<i\:.:; ';::+::::i,l~,;: ,'""
r":\Mk'{
""'<':;<i:-:::,::::, 'A, " ",..::" ",:'::. ,c",
,';, ,,', :': :";'
, ":::'~" '," :, .
0846341 PAGE 3
. e e
CLTA 107.8 (4.10.69)
(6-71 )
ALTA OR STANDARD COVERAGE . . .
INDORSEMENT
ATI'ACHED TO POLICY NO. 084634:L
ISSUED BY
Title Insurance and Trust Company
The following exclusion from coverage under this policy is added to Paragraph 3 of the
Conditions and Stipulations:
"Consumer credit protection, truth in lending or similar law."
The total liability of the Company under said policy and any indorsements therein shall not
exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated
under the conditions and stipulations thereof to pay.
This indorsement is made a part of said policy and is subject to the schedules, conditions and
stipulations therein, except as modified by the provisions hereof.
Title Insurance and Trust Company
By 9~ q~-
SECRETARY
~_.,_.- ~/
uC;./6 4~
/O~'36 VC -
.
) ". ~
POIIflOJ Dr tCl'I' S' Dr 'l'IlACT 9TPIt AUlO
W VICElft 'f lUlI'I'A .OIIICA
-"1..,.......--
-...--
GT~ID rhl. I. nol a ,u".y of lb. fand bull. .-plied ""
Title Insurance and Trust Company from data shown by the
~ ~ .
"'. ., ~
.
. .. .
CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side ~f POIit:y Face)
the Company in regard t~ the subject matter pany by the Insured, the Company offers the amount so paid shall be deemed a pay-
of such actIOn, proceedIng or matter shall to purchase said indebtedness, the owner of ment to the Insured under this policy. The
cease a,nd terminate; provided, however, such indebtedness shall transfer and assign provisions of this paragraph numbered 8
that f:"lure to notify shall in no case said indebtedness and the mortgage securing shall not apply to an Insured owner of an
prejudICe the claIm of any Insured unless the same to the Company upon payment of indebtedness secured by a mortgage shown
the Comp~ny shall be actually prejudiced the purchase price. in Schedule B unless such Insured acquires
by such faIlure and then only to the extent title to said estate or interest in satisfaction
of such prejudice, 7. PAYMENT OF LOSS of said indebtedness or any part thereof.
(c) The Company shall have the right (a) The liability of the Company under
at its own cost to institute and prosecute this policy shall in no case exceed, in all; 9. SUBROGATION UPON PAYMENT OR
any action or proceeding or do any other the actual loss of the Insured and COSts and smLEMENT
act which in its opinion may be necessary .Ittorneys' fees which the Company may be Whenever the Company shall have setded
or desirable to establish the tide of the obligated hereunder to pay. a claim under this policy, all right of sub-
estate or interest or the lien of the mort- (b) Th C '11' dd" rogation shall vest in the Company un-
gage as insured; and the Company may tll an Ie. ompadny WI. tPabY' Ihn. a ItlOn affected by any act of the Insured, and it
k " d h Y oss msure agalOs y t IS pollcv h II be b db'
ta e any appropClate aCtion un er t e terms all c .t' d th I d' I' '.' s a su rogate to and e entitled to
f h. I' h h . h II b ' 0, s Impos'e upon ensure 10 ItI. II' h d d" d
OtIS po ICy W et er or not It. s a e atl' . d b th C f h a Clg ts an reme les whICh the Insure
I. bl h d d b g on carCle on y e ompany or t e d h d '
la e t ereun er an shall not there y Insu d d II d t 'f' woul ave ha agalOst any person or prop-
d I. b'l' . . . f re an a costs an at orneys ees In. hI' d' ' .
conce e la I Ity or waIve any provISIon 0 ll'tl'gat' ' 'ed b th I d 'th erty 10 respect to suc calm ha thIS pohcy
h. I' IOn carn on y ensure WI b' d f
t IS po ICY. the w 'tt th' t' f th C not een Issue . I the payment does not
CI en au oClza IOn 0 e ompany. h I f h
(d) In all cases where this policy per- . . cover t e oss 0 t e Insured. the. Company
mits or requires the Company to prosecute (c) .No. claIm for dama1les sh~1l arISe ~r shall ,be . subrogated to such. ngh~s and
or provide for the defense of any action ~e mamtamable under !hls pol~cy (1). If remedIes 10 the proportIOn whICh. said pay-
or proceeding, the Insured shall secure to .he Company, after ha':lOg re<:elved notIce ment bears to the amount of saId loss. If
it the right to so prosecute or provide de, of an alleged defect, !ten or e~cumbrance loss should result from any aCt of the In.
fense in such action or proceeding, and all ~ot excepted. or excluded herelO r~moves sured. such act sha~1 not VOid thIS policy.
appeals therein, and permit it to use, at its ,uch defect,. hen or encu?",brance wlthll~ a hut the Company, 10 that event. shall be
option, the name of the Insured for such reasonable u?",e. after receIpt. of such notice, ~eqUlred to pay only that part ~If any losses
purpose. Whenever requested by the Com. or (2) for h~btllty :,oluntanly ~ssumed b,Y Insured agalOst hereunder whICh shall ex.
pany the Insured shall give the Comp.any th~ Insured 10 setthng any claIm or. SUIt ceed the amount, If any~ lost. to the Com.
all reasonable aid in any such action or without. written consent <;>f t~e ~ompany, p.any by reason ot the ImpalCment o.f the
proceeding, in effecting settlement, securing or (3) 10 the event the title IS relected as nght of subrogatIOn. The Insured. If reo
evidence; obtaining witnesses, or prosecu. unmarketable because of a defect, hen?r quested by the Comp~ny, shall transfer. to
~ing ot defending such action or proceed. en,cumbr~nce no~ excepted or excluded. 10 the. Company all tights and remedl~s
109, and the Company shall reimburse the thIS p<;>lic~, unul there has been a flOal agaInst any person or ~roperty net'essary 10
Insured for any expense so incurred, d~te.rmlnatlo~ ~y a court o~ co.mpetent JUrIS. order to perfeCt. such right of subrogatIOn,
dICtion sustalOlOg such rejection. and shall permit the Company to use the
5. NOTICE OF LOSS - LIMITATION OF (d) All payments under this policy,ex- ~a?",e .of the In~ured in a.n}' transaction. or
ACTIO~. cept payments made for costs, attorneys' htIgatlOn IOvolvlOg. such tights or rell1edr~.
In addition to the notices required under fees and expenses, shall reduce the amount If the Insured IS the owner of the 10-
paragraph 4(b), a statement in writing of of the insurance pro tanto and no payment debte?ness .secured by a mortgage covered
any loss or damage for which it is claimed shall be made without producing this policy by thIS poltcy, such Insured may release, or
the Company. is liable under this policy for endorsement of such payment unless substitute the personal liability of a!ly
s~aIl be furOlshed to the Company within the policy be lost or destroyed, in which debt<;>f or guarantor, or extend Of otherWIse
Sixty days after such loss or damage shall case proof of such loss Of destruction shall modify the terms of payment, or release
ha,:e been determined, and no right of be furnished to the satisfactinn of the Com. a, portion of the estate or interest from the
action s~aIl acc~ue t? the Insured under pany; provided, however, if the owner of lten of the ,mortgage, o~ release any col-
thiS poltcy untt! thIrty days after such an indebtedness secured by a mortgage l~teral security for the IOdebtedness. pro.
statement shall have been furnished and shown in Schedule B is an Insured herein vlded such act does not result III any loss
no recov~ry sh~1I be had by. the I~sured then such payments shall not reduce pro of priority of the lien of the mortgage.
under thIS poltcy un~ess ac.tlOn shall be tanto the amount of the insurance afforded 10. POLICY ENTIRE CONTRACT
c~me?ced ther.eon -"'lthlO fIve years after hereunder as to such Insured, except to the .., .
explCat~on of saId thmy day period. Failure extent that such payments reduce the amount Any action or actIOns or rights of act!on
to furnIsh such statement of .loss or. d~mage, of the indebtedness secured by such mort- that, the Insured may ha."~ or may ?nng
o.r to cO!TImence suc~. action wlthm the gage. Payment in full by any person or agamst the C<;>mpany atlSlng out I}, the
tJm~ herelObefo.re specl.f1ed, shall be a con. voluntary satisfaction or release by the 1.0- status. of th.e hen of t~e mortgage covered
elusIve bar agalll.st malOtenan~e by. the In. sured of a mortgage covered by this policy ~y thIS ~oltcy or the. title of the estate or
sured of any action under thIS policy. shall terminate all liability of the Com an Interest ~n.sured her~1O m,ust be based on
th' d f h . d b dP y the proVISIOns of thIS poltcy,
6. OPTION TO PAY, SETTLE OR COM PRO- to e lDsure owner 0 t e In e te ness . . ' . . ..
MISE CLAIMS s~ured by such mortgage, except as pro. No pro~lslOn or condition of thiS polIcy
vlded in' paragraph 2 hereof. can be waIved on:hanged except by wettIng
The Company shaH have the option to ( ) W h I' b'j't h b d f' . I endorsed hereon or attached hereto signed
Payor s ttl . f . h e en la I I Y as een e 100te y 'd"
e e or compromIse or or 10 t e f' d' d . h h d' . f by the PreSI ent a Vice PreSIdent the
f th I d J" d Ixe In accor ance Wit t e con mons 0 '. '
name 0 ensure any calm msure this policy the loss or damag sh II b Secretary, an ASSIstant Secretary or other
aga!nst or .to pay the fuH amount of this ahle' h' th' ty d th eft a e pay- validating officer of the Company.
poltcy, or, 10 case loss is claimed under this Wit 10 If ays erea er.
policy by the owner of the indebtedness 11. NOTICES, WHERE SENT
secured by a mortgage covered by this 8. L1ABILI1Y NONCUMULATIVE All notices required to be given the Com.
poltcy. the Company shall have the option It is expressly understood that the pany and any statement in writing required
to purchase said indebtedness; such pur. amount of this policy is reduced by any to be furnished the Company shall be ad-
chase, paymem or tender of payment of amount the Company may pay under any dressed to it at the office which issued this
the full amount of this policy, together policy insuring the validity or priority of policy or to its Home Office, 433 South
WIth all costs, attorneys' fees and expenses any mortgage shown or referred to in Spring Street, Los Angeles, California 90051.
whICh the Company is obligated hereunder Schedule B hereof or any mortgage here.
to pay, shall terminate all liability of the after executed by the Insured which is a 12. THE PREMIUM SPECIFIED IN SCHEDULE
Co~pany hereunder. In the event, after charge or lien on the estate or interest A 15 THE ENTIRE CHARGE fOR TITLE SEARCH,
notice of claIm has been given to the Com- described or referred to in Schedule A, and TITLE EXAMINATION AND TITLE INSURANCE.
--.. .. .
. .
~
~ Q
~ ~
Q
~ ~ ~
~ 0
0 ~ ~
~
~ r.n
Z
~
-]
c::ll::S4::
l::...,-
~~"5
~~~~
... t.o'j l:: l::
C~ <:) c::s
~.~ ~~
.!::! l:: ::
::>i::l8.-
~~ to
ti"'2 ....-
~....~~
~!i ~~
::~~ a
I.l 00_ C
~ ::s <:) I.l
~ ~ (>~
Ctl-;:; c c
.5 ~"i: 1::
~ ~... ~
"- I.l ~::s
::>.-....~
~t::~_
~ ~-;::c