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1973-06-15 - Grant HOLTZ, JOSEPH LEO JR
, RECORDING REQUESTED BY A.P. #153-421-01� 18434 BK ! 755U 455 CITY OF HUNTINGTON BEACH OFFICIAL F?4_ n .tJS Ut= AND WHEN RECORDED MAIL 70 � - '•.. Name City Clerk J. W`L Street City of Huntington Beach Cf31x�A`- '` ` L DEf Addref P.O. Box 190 City a Huntington Beach, California State I SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAX STATEMENTS TO Name F DOCUMENTARY TRANSFER TAX $........................................................... _,COMPUTED ON FULL VALUE OF PROPERTY CONVEYED, Street OR COMPUTED ON FULL VALUE LESS LIENS AND Address SAME T8X•Exempt-GovEN UMBRANCES REMAINING AT TIME OF SALE. rnment ENCUMBRANCES City e CITY OF HUN State � � ant or Agent determining tax. Firm Name DON P. BONFA _. _ City Attorney De Grant Deed By. Deputy T!ty TO 405.1 CA (I.70) THIS FORM FURNISHED BY TITLE INSURANCE AND TRUST COMPANY ey FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, JOSEPH LEO HOLTZ , JR. hereby GRANT(S) to CITY OF HUNTINGTON BEACH, a Municipal Corporation the following described real property in the City of Huntington Beach County of Orange , State of California: Lot 90 of Tract No . 6317 , in the City of Huntington Beach, as shown on a map thereof recorded in Book 244 , Pages 26 and 27 , Miscellaneous Maps , records of said Orange County. EXCEPTING from said tract all oil , gas and other hydrocarbon substances and minerals lying in and under said land or produces and saved there- from together with the sole and exclusive right to drill into , and through said land and all easements necessary or convenient to prospect- ing for , producing , and developing oil , gas and other hydrocarbon sub- stances and minerals by means of slant drilling operations conducted from surface locations outside said land into or through said land to M producing intervals either within or beyond said land, without , however, the right to enter upon the surface of said land or into the upper 500 feet thereof, measured vertically from said surface , as conveyed to Henry A. Holtz and others by deed recorded October 25 , 1946 , in Book 15033, Page 14 , Official Records , and as reserved in the deed from Joseph Leo Holtz , Jr. , recorded March 8 , 1968 , in Book 8538 , Page 925 , Official Records , and in deeds of record. Dated �f ` hOSF A LEO HOLTZ , JR: STATE OF CALIFORNIA COUNTY OF Orange }SS. On June 15, 1973 before me, the under- signed, a Notary Public in and for said State, personally appeared Joseph Leo Holtz , Jr known to me ■,■■feu'�_w�r3ca�saa©xrtaesaa■�aysaasas:mah is OFFICIAL SEAL to be the person whose name 1 S subscribed to the within FLOYD G. BELSITO ■ instrument and acknowledged that he executed the same. NOTARY PUBLIC—CALIFOR 41A e WITNESS my ha d and official seal. ■ PRINCIPAL OFFICE INIt R ORANGE COUNTY Signatu _ ■ My Cammisson E tes Mat. 10. 1974 ` t■■■IE■....Ras...7..L......aar.sa Name (Typed or Printed) (This area for official notarial seal) Q' Title Order No. Escrow or Loan No. \\� MAIL TAX STATEMENTS AS DIRECTED ABOVE y n ° r 0 D n ° m r i nr r m r r m m z n m n ° y y r F� 1m 0 > z .4 _ ... � J� �eac�iG 456 City of Huntington P.O. BOX 190 CALIFORNIA 92648 DEED CERTIFICATION This is to certify that the interest in real property conveyed by the f deed dated June 15, 1973 from Joseph Leo Holtz, Jr. to the City of Huntington Beach, a municipal corporation, is hereby accepted by the undersigned officer or agent on behalf of the City Council of the CITY OF HUNTINGTON BEACH, pursuant to the authority conferred by Resolution No. 3537 of the City Council of the City of Huntington Beach adopted on August 7, 1972, and the grantee consents to the recordation thereof by its duly authorized officer. Dated : June 15, 1973 CITY OF HUNTINGTON BEACH Alicia M. Wentworth My Clerk By: � 4 (� Deputy City C er I SECURITY TITLE CLTA-1963 STANDARD COVERAGE AMENDED 1969 POLICY OF TITLE INSURANCE issued by SECURITY TITLE INSURANCE COMPANY Security Title Insurance 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 consol- idation, 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 or interest covered hereby in the land described or referred to in Schedule A, 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 orireferred 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, however, to the provisions of Schedules A and B and to the Conditions and Stipulations hereto annexed. In Witness Whereof, Security Title Insurance Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A. �1 1 11 °% A � President Secretary Z.5 m lllllt� 11� — s7 <a uthoriz/Signa re P-218 (ra.S.) 0 Safeco Insurance Company of America,Regislere emark owner. vh R218-A Rev. Californiaa Land Title Association Standard Coverage Policy Form Copyright 1963 SCHEDULE A Effective Amount of liability: $ 16,580.00 Policy No: 399661 Date: June 18, 1973 at 8:00 A.M. Premium $ 114.33 INSURED CITY OF HUNTINGTON BEACH, a municipal corporation. 1. The estate or interest in the land described or referred to in this schedule covered by this policy is: a fee 2. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF HUNTINGTON BEACH, a municipal corporation. 3. The land referred to in this policy is situated in the State of California, County of Orange and is described as follows: Lot 90 of Tract No. 6317, in the City of Huntington Beach, as shown on a map thereof recorded in book 244, pages 26 and 27, Miscellaneous Maps, records of said Orange County. EXCEPTING from said tract all oil, gas and other hydrocarbon substances and minerals lying in and under said land or produces and saved there- from together with the sole and exclusive right to drill into, and through said land and all easements necessary or convenient to prospecting for, producing, and developing oil, gas and other hydrocarbon substances and minerals by means of slant drilling operations conducted from surface locations outside said land into or through said land to producing intervals either within or beyond said land, without, however, the right to enter upon the surface of said land or into the upper 500 feet thereof, measured -continued- vh SCHEDULE A (continued) vertically, from said surface, as conveyed to Henry A. Holtz and others by deed recorded October 25, 1946, in book 1503, page 14, -Official Records, and as reserved in the deed from Joseph Leo Holtz, Jr. , recorded March 8, 1968, in book 8538, page 925, Official Records, and in deeds of record. v ' California Land Title Association Standard Coverage Policy Form Copyright 1963 SCHEDULE R This policy does not insure against loss or damage by reason of the following: PART I 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 ichich 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, conflicts 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 eater. PART II 1. Taxes for the fiscal year 1973-74, a lien, not yet payable. 2. All vehicular access rights across a line 50 feet South of the center line of Garfield Avenue, except at street intersections are dedicated to the City of Huntington Beach, as shown on the map of said tract. 3. The effect of a Covenant and agreement by and between Raab Development Corp. , and the City of Huntington Beach, recorded February 10, 1967, in book 8174, page 355, Official Records. 4. A Lease by and between Joseph Leo Holtz (a single man) , and Socony Mobil Oil Company, Inc. , dated September 19, 1966 for a -term of 240 months, recorded March 17, 1967, in book 8200, page 856, Official Records. 5. An easement for road and incidentaVpurposes, as set forth in an instrument recorded in book 8223, page 266, ' Official Records, over those portions of the Northeast quarter of the Northeast quarter of Section 1, Township 6 South, Range 11 West, in the Rancho Las Bolsas as shown on a map thereof recorded in book 51, page 14 Miscellaneous - Maps, records of said Orange County, being described as follows: Parcel 1: The North 50.00 feet of the East 210.00 feet of the above mentioned Northeast quarter. -continued- vh .F•25(G.S.) Parcel 2: The East 50.00 feet of the North' 210.00 feet of the above mentioned Northeast quarter. Parcel 3: That 'portion lying Northeasterly of a curve concave South- westerly and having a radius of 32.00 feet, said curve,being tangent on the North by the South line of said Parcel 1, and being tangent on the East by the West line of said Parcel 2. 6. An easement for either or both pole lines, conduits and incidental purposes as set forth in aninstrument recorded in book .8709, page 361, Official Records, over the Easterly 6 feet of said land, 7. An easement for either or both pole lines, conduits and incidental purposes as set forth in an instrument recorded in book 8712, page 429, Official Records, over the Easterly '6 feet of said land. 04TRACIT No. 17 0 THOMAS HENRY BARKOULL Ds APRIL, 1966 JA - :. I' 11-4 4{ QCR4T A. WlY CITY 80Uu 04. Y - `17.253 ACRES l - v0 4M•5615 a /n11.00' ! T-I FD_P °= go LOTS 469'S0d) " 6A4.B Tgi K [ an 525 .r RY 1 404Tu LINE SEC 1 CIT O NV i A�L�UE 1w l.ESS R,6NTS -ROSS L E S. 121i0p g „I O '"° JO\N I$ 9puTu.OF 4 O F •IRKELP eN{Nu4�F[C{PT eT 9REAT 81 U` r 6JS M a0 j Ne9.so AS, (f" 'e '{QN Crlo of eti O{O-to TO-a CrtY tF HUN�'1N6ltNy ,V u69�A0 T j I8 VrAR�IE°'0D41" 42o' NUE g~ eyMlvs I ZssS� 1 [ k a iAV.E y j I oseyru V p y] 3 p " M•. \ 8 T.}.691 _\6U p -- 6L, -G4 _-65 2 v �� S WNW O.�f • f10.� \ .y\, 5;6sLML41 FO[Pub.IC IUx'll',TY AMx')t OD[i)cb -ij( '•A1 M':NCe) '� J I ]OA �PURP05L%DEID1CATLD OT4L C'TY OF �e H O motif\ . ;.uVU11 Wslou?I burl, W'. p. ,(� 2100 .-__ --�'E'y2�51 E : J a f J N try �q�' ef5 �J $.� .e1IJ O 21. IOo00 F J ' w.9 `V S4I00' l Y O y ti Q d [ fI IR U69'SO 40E N -•� -�-1 0 "V Y N e9.50' 40' 1I 41Tf�--.eo.00' _ -1700__ �0.0o y¢oo A,4 E 3- o00 t "_un9So4DE g l a ry - - .016 so o Y Al\�� Yi 7\ •+ > �J pjP Ot' -_ Its _. p f'q h'!�� ) P �; etoo_ Do oo Q a M et u s z3 Pr Aronrbr yl J ]� 8 O uJ 4 41900 CIIc CL I� 1. TtS~ Imo- O 9) 5 OS 00" 6o L 1 741 r w O R H.g a9i.._ IJ 69'SO�4oiE & e io..roo > - _5xa 1 u6YlT;SI E__.. ] X �n�A n i� 4{p•I605 E.- `}r @ - 0 4e' ]Ol.♦so a $ W ON 46.10' L0.00' 56.50' LSLO T To p � $ �W - Y4E(EI < LS'EASEMEUT FO[PUeI 1C UTINIIY put ro ES1 OLDICATCDTO TUC CITY 0F� 8 `� oO '] ]r L Y4-�- !F ly.4U41 uGi04 GEAC N. xI ] A 3 Y V U YW D {j Je �i to 1 N dY]'S0 40'E ] 411,00' ;o IxOVO 00'- - S u6_9•2L 51[ a O r SSoo' 1 _-. _..._. I L000 .W.Co _I 56.50. 1 6e jb I n .J 100.00' N I� e0_oo 97 00 60.00 -"S,wso' `caoo -6o.00 z - - _N 69'S0'AWL J►13 v G'y N` \y� )ozjw 1 1 8c $`' N $ tv v$� N ?Igo o ua9•zzs L _ 8 �P° $ $� Se 1e Rzsx- Ioo:oo - �o d N�o " SZL SaN t� {L•6li��� 1 M1111 95 8 r ,fl N CT�O 6 a r�e -1,, °gyp °' �� '•`d N69°50'b0E 419 Cq'Fl z• Sxb�.. NICE]. au 4.,y LAUDI-R CIRCLE 4770 -5{.50' 60.00' L5.60' -1[9� R - 3 iY N uLl•1 y,E CR).-/� ^� EMCM[NT b%LC6 _�UTILITY.PU[FOEl9 A' 01�•R ,. �` Itu" �I D6ELDAiC4TED T TO fuC CITor Uuuliu'l I 2. ^' W a1� I N $8 O oo gr o cd 81S 8 •;/ >• `I �$ gl$ 8 O` 19 N Y u 69'tt sI'C.:__ n 1 . C( M1% $1 Pv 9• ti n 00.00' ]• W ]I r/1 �� I§ �' $,��bl rn J �N loo do' 3 --a d9• So 40'L oQ416,10 40:00 56.50 }0.00 64.91 , N J S O]y �I� �� � 8 �<. _{4.5odp•€_ r_o W,II pRl �u -E-- I�. k *e9 s0 Ao � 3 $1 0o eo d J ]y] F- a 'Tr s P$ PIS S S n $ $ 8 !R E 7,E i ��° 11wk�` x g lasep'SP � 8 SBpnQynzsoel tlm' uer000'•[- wrQ j3s 1 ] 6d7 6 DL W. '%ry 0 i.T s0 ,j U 9 $ O SO6.5 6 Q S gu L�O d MS 3 $ �8� Y r8-_.- ..Q 69'S0'40'L 41900' $ /1' Q 9 T- `' qi 3.� O W p��- Ji o r as rs,qs E.LGIA1 CIRCLE -_-- S:w' - -. ^:::, o J 4e9•xL'S1 E L` A \ ,d, d`ICATCD TA; 60.0q ---6000 LU�00 ;- 1520' / a] J Jn 220SO 'E SLgl aO' da.h- 4.J; [ 15'LASEM To FOL PU61-C U fILITY PU[PDS S DEO e'6fi51 [t500 g d 'tub cITYOF 01Tlue,o4� 6E[cu� J] Or $ O d,^ {R' �Js.J' oiP `� $�a v' 8` `�' 81°,,ue9.5o ao'E _ ,too' $0 ue9'Go� Flo NVi u= R ° v IDS+ S t Lf- N �' S __E-_. tIl i�- ads 0o L9Ioo oD.ab j �soo I "i e75 y I'P C) 5400' 9 9•za'E s �i�a n D g / 1 3 ;� s 4 1 P J Ioo qo' Ii,oo �s N2-io0.00' 1 1 b9• SO' 40'E Gi100 C71 �.. ;I °, N. N Wlr. U$Y950�0'E N rw,-a �IJ tlii S'R-4400' 11N. y��N _ 9�25 4000 W_00 _ ` dQ O $Ig Q• I_ rasa' ass W W I'+o..°, $Ig 9 19 $2 if, ^ d7 2100�R AS t^ P �iz e a+2lo g t I O JU p 1 J4.qp 71'49¢e 2900'1. ~ U.7 T•17'2 T 1 0. O O 1 L:bi 9'r 2924 / J 4-4 �N, Alma ]] : ja 9 90q 9.00 9.00 6900 1.2� 6040 ."'+- f-J 0. Ou - Yxa] ouo I 8 N 89.5o4oE A4400' 8 S .v s /38n yj N. n2 LUSS DRIVE u' 4DY904o•r -szo L71 z= �jy �).d0 W Oq 6200 L 00 b 00 _ 6 t 0 S 06 • IS EKE✓�EUT For PUBLIC UTI,iTY PU[P615 ES DCDICFTED TO 1-1 CITY OF NUNTI46TOu bEAC I A d W �' 'ayr wit SW ?uJ0 WN S T i �. it � ; 3 . S �e➢4 � � Il J f g 9 o r $o oQ o, O i$ O $ S eBSN ( �6o e 6 wp 5 } J R - $o � ,y$IP .9 �im �!P r $ja`� 62.00' 62 0' 41QQr12 9t eaSiO L. ° 69°SC 4o: !a'Ii.00. ' M IpLL T0QX T C W Q AV[,IE,TvC L6940 abE 26 aa..I , yam' uSO ' L Y re a142 Mn lii J1-413 _ SECURITY TITLE INSURANCE COMPANY THIS PLAT IS INSERTED AS A MATTER OF INFORMATION ONLY,AND WHILE THE SAME IS COMPILED TRDM INFORMATION WHICH WE BELIEVE 70 BE CORRECT, NO LIABILITY IS ASSUMED RY THIS COMPANY AS TO THE CORREOTNESS DF SAID INFORMATION ' rot. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) requested by the Company the Insured with the written authorization of the settled a claim under this policy, all right shall give the Company all reasonable Company, of subrogation shall vest in the Company aid in any such action or proceeding, in (c) No claim for damages shall arise unaffected by any act of the Insured, and effecting settlement, securing evidence, or be maintainable under this policy (1) it shall be subrogated to and be entitled obtaining witnesses, or prosecuting or de- if the Company, after having received to all rights and remedies which the fending such action or proceeding, and notice of an alleged defect, lien or encum- Insured would have had against any person the Company shall reimburse the Insured brance not excepted or excluded here- or property in respect to such claim had for any expense so incurred. in removes such defect, lien or encum- this policy not been issued. If the pay- brance within a reasonable time after ment does not cover the loss of the In- 5. Notice of Loss - Limitation of receipt of such notice, or (2) for liability sured, the Company shall be subrogated to Action voluntarily assumed by the Insured in such rights and remedies in the proportion In addition to the notices required under settling any claim or suit without written which said payment bears to the amount q consent of the Company, or (3) in the of said loss. If loss should result from paragraph 4(b), a statement in writing event the title is rejected as unmarketable claimed any act of the Insured, such act shall any loss or damage for which it is because of a defect, lien or encumbrance not void this policy, but the Company, in claimed the Company is liable under this not excepted or excluded in this policy, that event, shall be required to pay only policy shall be furnished to the Company until there has been a final determination that part of any losses insured against within sixty days after such loss or dam- by a court of competent jurisdiction sus- hereunder which shall exceed the amount, age shall have been determined and no taining such rejection. if any, lost to the Company by reason of right of action shall accrue to the Insured the impairment of the right of subrogation. under this policy until thirty days after (d) All payments under this policy, The Insured, if requested by the Company, such statement shall have been furnished except payments made for costs, attorneys' shall transfer to the Company all rights and no recovery shall be had by the In- fees and expenses, shall reduce the amount and remedies against any person or prop- sured under this policy unless action shall of the insurance pro tanto and no payment erty necessary in order to perfect such be commenced thereon within five years shall be made without producing this right of subrogation, and shall permit after expiration of said thirty day period. policy for endorsement of such payment the Company to use the name of the Failure to furnish such statement of loss unless the policy be lost or destroyed, in Insured in any transaction or litigation or damage, or to commence such action which case proof of such loss or destruc- involving such rights or remedies. within the time hereinbefore specified, tion shall be furnished to the satisfaction If the Insured is the owner of the in- shall be a conclusive bar against main- of the Company; provided, however, if debtedness secured by a mortgage covered tenance by the Insured of any action the owner of an indebtedness secured by by this policy, such Insured may release under this policy. a mortgage shown in Schedule B is an or substitute the personal liability of any Insured herein then such payments shall debtor or guarantor, or extend or other- 6. Option to Pay, Settle or Compro- not reduce pro tanto the amount of the wise modify the terms of payment, or mise Claims insurance afforded hereunder as to such release a portion of the estate or interest Insured, except to the extent that such from the lien of the mortgage, or release The Company shall have the option to payments reduce the amount of the in- any collateral security for the indebted- pay or settle or compromise for or in the debtedness secured by such mortgage. ness, provided such act does not result name of the Insured any claim insured Payment in full by any person or voluntary in any loss of priority of the lien of the against or to pay the full amount of this satisfaction or release by the Insured of mortgage. policy, or, in case loss is claimed under a mortgage covered by this policy shall this policy by the owner of the indebted- terminate all liability of the Company to 10. Policy Entire Contract ness secured by a mortgage covered by the insured owner of the indebtedness Any action or actions or rights of action this policy, the Company shall have the secured by such mortgage, except as pro- that the Insured may have or may bring option to purchase said indebtedness; such vided in paragraph 2 hereof. Y Y g purchase, payment or tender of payment (e) When liability has been definitely against the Company arising out of the of the full amount of this policy, together fixed in accordance with the conditions status of the lien of the mortgage covered with all costs, attorneys' fees and ex- of this policy the loss or damage shall be by this policy or the title of the estate or penses which the Company is obligated interest insured herein must be based on hereunder to pay, shall terminate all payable within thirty days thereafter. the provisions of this policy. liability of the Company hereunder. In 8. Liability Noncumulative No provision or condition of this policy the event, after notice of claim has been It is expressly understood that the can be waived or changed except by given to the Company by the Insured, the amount of this policy is reduced by any writing endorsed hereon or attached here- Company offers to purchase said indebt- amount the Company may pay under any to signed by the President, a Vice Pres- edness, the owner of such indebtedness policy insuring the validity or priority of ident, the Secretary, an Assistant Secre- shall transfer and assign said indebtedness any mortgage shown or referred to in tary or other validating officer of the Com- and the mortgage securing the same to the Schedule B hereof or any mortgage here- pany. Company upon payment of the purchase after executed by the Insured which is price. a charge or lien on the estate or interest 11. Notices, Where Sent described or referred to in Schedule A, All notices required to be given the 7. Payment of Loss and the amount so paid shall be deemed Company and any statement in writing (a) The Liability f the C a payment to the Insured under this policy. required to be furnished the Company Y o e Company P y The provisions of this paragraph num- shall be addressed to it at the office which under this policy shall in no case exceed, bered 8 shall not apply to an Insured issued this policy or to its Home Office, in all, the actual loss of the Insured and owner of an indebtedness secured by a 13640 Roscoe Boulevard, Panorama City, costs and attorneys' fees which the Com- mortgage shown in Schedule B unless California 91409. pany may be obligated hereunder to pay. such Insured acquires title to said estate(b) The Company will pay, in addition or interest in satisfaction of said indebt- 12. THE PREMIUM SPECIFIED IN to any loss insured against by this policy, edness or any part thereof. SCHEDULE A IS THE ENTIRE all costs imposed upon the Insured in CHARGE FOR TITLE SEARCH, litigation carried on by the Company for 9. Subrogation upon Payment or TITLE EXAMINATION AND TITLE the Insured, and all costs and attorneys' Settlement INSURANCE. fees in litigation carried on by the Insured Whenever the Company shall have P-218 (G.S.) 0 SECURITY TITLE "•'l. i`i`LE6i.9 )0 ` s CLTA-1963 STANDARD COVERAGE AMENDED 1969 POLICY OF TITLE INSURANCE issued by SECURITY TITLE INSURANCE COMPANY Security Title Insurance 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 consol- idation, 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 or interest covered hereby in the land described or referred to in Schedule A, 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, however, to the provisions of Schedules A and B and to the Conditions and Stipulations hereto annexed. In fitness Whereof, Security Title Insurance Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A. ,lllt T � 1%1 W4 r President Secretary ; e i111 ` An Authorized Signature P-218 (G..S.) 0 Safeco Insurance Company of America,Regiale Iema owner. P-218 Calif r cr La Rev. ' Catitofxiitt Land Title Association, Standard Coverage Policy Form Copyright 1963 �I { SCHEDULE A i I Effective Amount of liability: $ O Policy No: Date: Smo 1$* 1973 at 41*00 Aojtw Premium U4*33 F a ii INSURED 1, The estate or interest in the land described or referred to in this s� ule covered by this policy is: al fte 2. Title to the estate or interest covered by this policy af the dalk hereof is vested in: K • ltt i 3. The land referred to in this-'policy is situated in the State of. California, County of and is described as follows: Lot to Of $31 1 tberaer k M 01 M* ! ! 't a, &U gas *- a' and theengh an 11@111111ints ► Ow Aft*U by some of 1 . Other . ftva eltbOW Withift 4r b+tt , wL * r * the ilght to Oater MaJA bad 4W ISte UStQft-t # F-25!(G.S.) h 4 to J' * *# seem~U book # * f w r California Land Title Assocrtrhon Standard Coverage Poh} y Fottn Copyright 1963 SCHEDULE I3 This,policy does not insure against loss or damage by reason of the following: PART I 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 shorn 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, conflicts 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. PART 1I VAM* + f T , a "* 2* All vekleslw a use so use Ot a " A! At $ SMAIsabod tocity at WIWLMg%M* as sk"M 3.► ! Ot a # by am betweeft Raab POEMMY 1Wh+ ISO*- In hadiU74* VW 3590 i s fl + asap ► # T* � "k S. jkft ss & * as h Is am !it Jill JA 2 # P"time Of qus so U* MISOOLU e Y* ail 1 # ftft O 00 Vk f-25(G.S.) ust S6,000mouth "Ot at two abom -3i SUM portlAw lru# ,Wwm -axlr ot i b"" tu"Mt 4a go x"t by "m ftft,-U" st `r• &A SWANWAMt 4W o a . OVM fte 80~17 t 7 * o OftlaW ever, ow 6 , E=:--- o r===--z FD 2"'.°'aGGEOR.E.'OL55 FD i",PT400E0 ZC L.:0455 :u WE'_'.NOU PE2 C,TT ''11rr''�� `T�7.C[ :4 HELL M04 PEQ C:ty M.O NEWL.A 1"VY..-._S IKGGT .. � CU00.O042"N tbd0.05'T L239. �- 2 �64019'Te,1106 MM t!l/If•If �� --. 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MO Al.UEUT ANTES UF4SISOI- I�`H�I hi lj PEF T[.a{29 N.M:'�3'ZJ:29 ,. 0 1NO,C,TEs FD 2�,.P.,10'OL£P T4GGEt3 I.C.L,14"S PEG PM.tS-25, TUC CEUTCZLLUE OF M4GMO4.^(CAMULCY)STREET SUU6 2 • IUDIC4TES FOUWO M6MUMLUT ASMOTED. 4+00'57'02-W AS PLR R.4 if-tt 2ECOQDS OF 020UGL CODUTT. j. SET l/4"I41. T®GGEO L,S.Zlil 4T 011 LOT CO[YLCS VULESS OTUEQ.W11£ RIOTED- A, S£T PVUCULD Q41LQO40 SP114L AT 4lL STQ,EET CLUT9.ZLIUE:UTF[S£CTIOU%&40 A"OTUEZ FOIUTS OF C04TWL PLZ C,TT OLD''U4UCE 440,99S1.3.. 6Ll MOUQMWI'b%U*U Cc UPI TUEI ZPOS'.T-S'+v''U1LL 90'OC.vS OF 4CCEPTOUCC OF'MPLOvE MEu T9. CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) requested by the Company the Insured with the written authorization of the settled a claim under this policy, all right shall give the Company all reasonable Company. of subrogation shall vest in the Company aid in any such action or proceeding, in (c) No claim for damages shall arise unaffected by any act of the Insured, and effecting settlement, securing evidence, or be maintainable under this policy (1) it shall be subrogated to and be entitled obtaining witnesses, or prosecuting or de- if the Company, after having received to all rights and remedies which the fending such action or proceeding, and notice of an alleged defect, lien or encum- Insured would have had against any person the Company shall reimburse the Insured brance not excepted or excluded here- or property in respect to such claim had for any expense so incurred. in removes such defect, lien or encum- this policy not been issued. If the pay- brance within a reasonable time after ment does not cover the loss of the In- s. Notice of Loss - Limitation of receipt of such notice, or (2) for liability sured, the Company shall be subrogated to Action voluntarily assumed by the Insured in such rights and remedies in the proportion In addition to the notices required under settling any claim or suit without written which said payment bears to the amount 4(b), a statement in writing consent of the Company, or (3) in the of said loss. If loss should result from paragraph g event the title is rejected as unmarketable any act of the Insured, such act shall of any loss or damage for which it is because of a defect, lien or encumbrance not void this policy, but the Company, in claimed the Company is liable under this not excepted or excluded in this policy, that event, shall be required to pay only policy shall be furnished to the Company until there has been a final determination that part of any losses insured against within sixty days after such loss or dam- by a court of competent jurisdiction sus- hereunder which shall exceed the amount, age shall have been determined and no taining such rejection. if any, lost to the Company by reason of right of action shall accrue to the Insured the impairment of the right of subrogation. under this policy until thirty days after (d) All payments under this policy, The Insured, if requested by the Company, such statement shall have been furnished except payments made for costs, attorneys shall transfer to the Company all rights and no recovery shall be had by the In- fees and expenses, shall reduce the amount and remedies against any person or prop- sured under this policy unless action shall of the insurance pro tanto and no payment erty necessary in order to perfect such be commenced thereon within five years shall be made without producing this right of subrogation, and shall permit after expiration of said thirty day period. policy for endorsement of such payment the Company to use the name of the Failure to furnish such statement of loss unless the policy be lost or destroyed, in Insured in any transaction or litigation or damage, or to commence such action which case proof of such loss or destruc- involving such rights or remedies. within the time hereinbefore specified, tion shall be furnished to the satisfaction If the Insured is the owner of the in- shall be a conclusive bar against main- of the Company; provided, however, if debtedness secured by a mortgage covered tenance by the Insured of any action the owner of an indebtedness secured by by this policy, such Insured may release under this policy. a mortgage shown in Schedule B is an or substitute the personal liability of any Insured herein then such payments shall debtor or guarantor, or extend or other- 6. Option to Pay, Settle or Compro- not reduce pro tanto the amount of the wise modify the terms of payment, or mise Claims insurance afforded hereunder as to such release a portion of the estate or interest Insured, except to the extent that such from the lien of the mortgage, or release The Company shall have the option to payments reduce the amount of the in- any collateral security for the indebted- pay or settle or compromise for or in the debtedness secured by such mortgage. ness, provided such act does not result name of the Insured any claim insured Payment in full by any person or voluntary in any loss of priority of the lien of the against or to pay the full amount of this satisfaction or release by the Insured of mortgage. policy, or, in case loss is claimed under a mortgage covered by this policy shall this policy by the owner of the indebted- terminate all liability of the Company to 10. Policy Entire Contract ness secured by a mortgage covered by the insured owner of the indebtedness Any action or actions or rights of action this policy, the Company shall have the secured by such mortgage, except as pro- that the Insured may have or may bring option to purchase said indebtedness; such vided in paragraph 2 hereof. purchase, payment or tender of payment (e) When liability has been definitely against the Company arising out of the of the full amount of this olic , together status of the lien of the mortgage covered P Y g fixed in accordance with the conditions by this policy or the title of the estate or with all costs, attorneys' fees and ex- of this policy the loss or damage shall be interest insured herein must be based on penses which the Company is obligated payable within thirty days thereafter. the provisions of this policy. hereunder to pay, shall terminate all liability of the Company hereunder. In 8. Liability Noncumulative No provision or condition of this policy the event, after notice of claim has been It is expressly understood that the can be waived or changed except by given to the Company by the Insured, the amount of this policy is reduced by any writing endorsed hereon or attached here- Company offers to purchase said indebt- amount the Company may pay under any to signed by the President, a Vice Pres- edness, the owner of such indebtedness policy insuring the validity or priority of ident, the Secretary, an Assistant Secre- shall transfer and assign said indebtedness any mortgage shown or referred to in tary or other validating officer of the Com- and the mortgage securing the same to the Schedule B hereof or any mortgage here- pany. Company upon payment of the purchase after executed by the Insured which is price. a charge or lien on the estate or interest 11. Notices, Where Sent described or referred to in Schedule A, All notices required to be given the 7. Payment of Loss and the amount so paid shall be deemed Company and any statement in writing a payment to the Insured under this policy. required to be furnished the Company (a) The Liability of the Company The provisions of this paragraph num- shall be addressed to it at the office which under this policy shall in no case exceed, bered 8 shall not apply to an Insured issued this policy or to its Home Office, in all, the actual loss of the Insured and owner of an indebtedness secured by a 13640 Roscoe Boulevard, Panorama City, costs and attorneys' fees which the Com- mortgage shown in Schedule B unless California 91409. pany may be obligated hereunder to pay. such Insured acquires title to said estate 1 (b) The Company will pay, in addition or interest in satisfaction of said indebt- 12. THE PREMIUM SPECIFIED IN to any loss insured against by this policy, edness or any part thereof. SCHEDULE A IS THE ENTIRE all costs imposed upon the Insured in CHARGE FOR TITLE SEARCH, litigation carried on by the Company for 9. Subrogation upon Payment or TITLE EXAMINATION AND TITLE the Insured, and all costs and attorneys' Settlement INSURANCE. fees in litigation carried on by the Insured Whenever the Company shall have P-218 (G.S.)