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HomeMy WebLinkAbout1976-09-10 - Grant ALVA WILSON COMPANY 904 1581 RECORDING REQUESTED A.P. 157-332- 30 , 31 , 32 36243 aCity of Huntin to ch 157- 391-2 , 4 City Hall Huntington Beach, CA 92648 EXF$. PT C 3 FsT OF RECORDED 3 R � ,�. AND WHEN RECORDED MAIL TO SAF1'GO T114I- }' �� �iN OFEIC4P. OS OF NAME City of Huntington Beach ORAPlGE COtIivTV, Cp 6 ADDRESS Office of City Clerk �y K,_ 1e P. 0. Box 190 �!C? S.W AM �' I�7 b CITY & Retarder STATE Huntington Beach, Ca. 92648 . `' �,�E CARLYLE,CountY l_ SPACE ABOVE THIS LINE FOR RECORDER'S USE MAIL TAX STATEMENTS TO NAME Documentary transfer tax 8----- N.A. _ ❑ Computed on full value of property conveyed, or ADDREAMIL TAX STATEP,.r'; , �� t OVE ❑ Computed on full value less liens & encumbrances CITY & ` r"' remaining thereon at time of sale. _ STATE L_ ` Signature of declarant or agent determining tax firm name ❑ Unincorporated area❑City of________--.-.-.-__--------.-. Corporation Grant Deed L-2 THIS FORM FURNISHED BY SECURITY TITLE INSURANCE COMPANY TU-rtxemp - overnment Agency FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, City of Huntington Beach Alicia M. Wentworth CI rk ALVA WILSON COMPANY a corporation organized under the laws of the State of Nevada By: ......................... . hereby GRANT(S) to De-t!!V City Clerk CITY OF HUNTINGTON BEACH, a Municipal corporation the following described real property in the City of Huntington Beach county of Orange , state of California: All that real property described in EXHIBIT "A" , attached hereto and made a part hereof. !IPPROV1n AS TO FORM: DOA P. BONFA City Attorney Oak (�I Deputy City Attorney ALVA WILSON COMPANY, a Dated September 10 , 1976 Nevada corporation i By: Alva i son, Secretary STATE OF CALIFORNIA, -- COUNTY OF ORANGE } Ss. On September 10, 1976 before me, the under- signed, a Notary Public in and for said County and State,personally appeared known to me to be the— —.—_President, and __ FOR NOTARY SEAL OR STAMP ALVA WILSON _ known to me to be Secretary of the corporation that executed the within Instrument, known to me to he the persons who executed the within Instrument on behalf of the corporation therein named, and acknowledged to me that such corporation executed the within OFFICIAL SEAL instrument pursuant to its by-laws or resolution of its board of °`.', directors. „ ELINOR J. VOTAW m NOTARY PUBLIC CALIFORNIA E �,- � - PORANGE COUNTY Signature of Notary 4U,0R My Commission Expires Feb.12,1977 Name (Typed or Printed) of Notary Title Order No. L '" C Escrow No. —_ — L-2 (G.S.) (Rev. 5-67)(8 pt.) MAIL TAX STATEMENTS AS DIRECTED ABOVE .'• cx 11904 1 582 EXHIBIT A PARCEL is Lots O, P, and Q of Tract 7771, in the City of Huntington Beach, as shown on a map thereof recorded in book 352, pages 38 and 39, Miscellaneous Maps of said Orange County. EXCEPTING THEREFROM all mineral, oil, gas and other hydro- carbon substances below or under five hundred feet (500'). of the surface of said land but withoutthe right, express or implied, of entry in or upon the surface of said land as reserved by deeds recorded in book 10777, page 200 and book 11233, page 573, Official Records. ALSO EXCEPTING THEREFROM all subsurface water rights, but without the right of entry to the surface or to the subsurface above a depth of 500 feet, as dedicated to the City of Huntington Beach on the map of said tract. PARCEL 2: Lots P and R of Tract 7772, in the City of Huntington Beach, as shown on a map thereof recorded in book 325, page 31, 32 and 33 Miscellaneous gaps of said Orange County. EXCEPTING THEREFROM all mineral, oil, gas and other hydro-- carbon substances below or under five hundred (5001) feet of the surface of said land but without the right, express or implied, of entry in or upon the surface of said land as reserved by deeds recorded in book 10777, pages 198, 200 and 201, Official Records. ALSO EXCEPTING THEMFROM all subsurface water rights, but without the right of entry to the surface or to the subsurface above a depth of 500 feet, as dedicated to the' City of Huntington Beach on the map of said tract. j • P-116-A (G.S.) ©s 1904 1583 y 'A ' City of Huntington Beach - , P.O. BOX 190 CALIFORNIA 92640 � * DEED CERTIFICATION This is to certify that the interest in real property conveyed by the deed dated September 10, 1976 from Alva Wilson Company 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 : September 23, 1976 CITY OF HUNTINGTON BEACH ALICIA M. WENTWORTH city C 119j*1, By• C GRANT DEED GRANT DEED J SECURITY SECURITY TITLE TITLE SECURITY TITLE SECURITY TITLE SECURITY TITLE SECURITY TITLE INSURANCE COMPANY INSURANCE COMPANY INSURANCE COMPANY INSURANCE COMPANY HOME OFFICE HOME OFFICE 13640 ROSCOE BOULEVARD 13640 ROSCOE BOULEVARD PANORAMA CITY, CALIFORNIA 91409 PANORAMA CITY, CALIFORNIA 91409 3444 WILSHIRE BOULEVARD 3444 WILSHIRE BOULEVARD LOS ANGELES, CALIFORNIA 90051 LOS ANGELES, CALIFORNIA 90051 1 ' y SAFECO CLTA-1973 STANDARD COVERAGE POLICY OF TITLE INSURANCE issued by SAFECO TITLE INSURANCE COMPANY SUBJECT TO SCHEDULE B AND THE CONDITIONS AND STIPULATIONS HEREOF, SAFECO TITLE INSURANCE COMPANY, a California corporation, herein called the Company, insures the insured, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by said insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien .or encumbrance on such title; 3. Unmarketability of such title; or 4. Any lack of the ordinary right of an abutting owner for access to at least one physically open street or highway if the land, in fact, abuts upon one or more such streets or highways; and in addition, as to an insured lender only: 5. Invalidity of the lien of the insured mortgage upon said estate or interest except to the extent that such invalidity, or claim thereof, arises out of the transaction evidenced by the insured mortgage and is based upon a. usury, or b. any consumer credit protection or truth in lending law; 6. Priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in Schedule B in the order of its priority; or 7. Invalidity of any assignment of the insured mortgage, provided such assignment is shown in Schedule B. rm d Secretary President 17 `00e A An Authorized Signature P-218 (G.S.) Rev. 8-73 CONDITIONS AND STIPULATIONS 1. Definition of Terms any such acquisition the amount of insur- its opinion may be necessary or desir- The following terms when used in this ante hereunder, exclusive of costs, attor- able to establish the title to the estate policy mean: neys' fees and expenses which the Company or interest or the lien of the insured mort- may be obligated to pay, shall not ex- gage, as insured; and the Company may (a) "insured": the insured named in teed the least of: take any appropriate action, whether or Schedule A, and, subject to any rights or (i) the amount of insurance stated in not it shall be liable under the terms of defenses the Company may have had Schedule A; this policy, and shall not thereby con- against the named insured, those who cede liability succeed to the interest of such insured by GO the amount of the unpaid prin- or waive any provision of ci al of the indebtedness plus interest this policy. operation of law as distinguished from P P purchase including, but not limited to, thereon, as determined under paragraph (d) Whenever the Company shall have heirs, distributees, devisees, survivors, per- 6(a) (iii) hereof, expenses of foreclosure brought any action or interposed a defense sonal representatives, next of kin, or cor- and amounts advanced to protect the lien as required or permitted by the provisions porate or fiduciary successors. The term of the insured mortgage and secured by of this policy, the Company may pursue insured" also includes (i) the owner of said insured mortgage at the time of ac- any such litigation to final determination the indebtedness secured by the insured quisition of such estate or interest in the by a court of competent jurisdiction and mortgage and each successor in ownership land; or expressly reserves the right, in its sole of such indebtedness (reserving, however, (iii) the amount paid by any govern- discretion, to appeal from any adverse all rights and defenses as to any such mental agency or instrumentality, if such judgment or order. successor who acquires the indebtedness agency or instrumentality is the insured (e) In all cases where this policy per- by operation of law as described in the claimant, in acquisition of such estate or mits or requires the Company to prose- first sentence of this subparagraph (a) interest in satisfaction of its insurance cute or provide for the defense of any that the Company would have had against contract or guaranty. action or proceeding, the insured here- the successor's transferor), and further under shall secure to the Company the includes GO any governmental agency or (b) Continuation of Insurance right to so prosecute or provide defense in instrumentality which is an insurer or after Conveyance of Title such action or proceeding, and all appeals guarantor under an insurance contract or The coverage of this policy shall continue therein, and permit the Cmnpany to use, guaranty insuring or guaranteeing said in force as of Date of Policy, in favor of at its option, the name of such insured indebtedness, or any part thereof, whether an insured so long as such insured retains for such purpose. Whenever requested by named as an insured herein or not, and an estate or 'interest in the land, or owns the Company, such insured shall give the (iii) the parties designated in paragraph an indebtedness secured by a purchase Company, at the Company's expense, all 2(a) of these Conditions and Stipulations. money mortgage given by a purchaser reasonable aid (1) in any such action or (b) "insured claimant": an insured from such insured, or so long as such in- proceeding in effecting settlement, secur- claimin loss or damage hereunder. sured shall have liability by reason of ing evidence, obtaining witnesses, or prose- covenants of warranty made by such in- cuting or defending such action or pro, (c) "insured lender": the owner of an sured in any transfer or conveyance of ceeding, and (2) in any other act which insured mortgage. such estate or interest; provided, however, in 4he opinion of the Company may be g this olicy shall not continue in force in necessary or desirable to establish the shown in Schedule B nsured mortgage":th owner of which favor ofany purchaser from such insured title to the estate or interest of the lien of either said estate or interest or the in- of the insured mortgage, as n;snred, in- debtedness secured by a purchase money eluding but not limited to executing cor- (e) "knowledge": actual knowledge, mortgage given to such insured. rective or other documents. not constructive knowledge or notice which may be imputed to an insured by 3. Defense and Prosecution of Ac- 4. Proof of Loss or Dama€c - Li�v t- reason of any public records. tation of Actin tions-Notice of Claim to be Given In addition to the notices required un- (f) "land": the land described, spe- by an Insured Claimant l cifically or by reference in Schedule A, der Paragraph 3(b) of these Conditions and improvements affixed thereto which (a) The Company, at its own cost and and Stipulations, a proof of loss or dam- by law constitute real property; provided, without undue delay, shall provide for the age, signed and sworn to by the insured however, the term "land" does not include defense of an insured in litigation to the claimant shall be furnished to dic Coin- any area excluded by Paragraph No. 6 extent that such litigation involves an pany within 40 days after the insured of Part I J Schedule B.of this Policy. alleged defect, lien, encumbrance or other claimant shall ascertain or determines the (g) "mortgage": mortgage, deed of matter insured against by this policy. facts giving rise to such loss 03 damage. trust, trust deed, or other security instru- (b) The insured shall notify the Com- Such proof of loss or damage shall de- ment. pany promptly in writing (i) in case of scribe the defect in, or lien or encum- (h) "public records": those records any litigation as set forth in (a) above, brance on the title, or other matter in- which by law impart constructive notice (ii) in case knowledge shall come to an sured against by this policy which con- of matters relating to the land. insured hereunder of any claim of title stitutes the basis of loss or damage, and, 2. (a) Continuation of Insurance or interest which is adverse to the title when appropriate, state the basis of cal- after Acquisition of Title by Insured to the estate or interest or the lien of the culating the amount of such loss or dam- Lender insured mortgage, as insured, and which age. If this policy insures the owner of the might"cause loss or damage for which the Should such proof of loss or damage indebtedness secured by the insured mort- Company may be liable by virtue of this fail to state facts sufficient to enable the gage, this policy shall continue in force Policy, or (iii) if title to the estate or in- Company to determine its liability here- as of Date of Policy in favor of such"in- terest or the lien of the insured mortgage, under, insured claimant, at the written who acquires all or any part of the as insured, is rejected as unmarketable. request of Company, shall furnish such sured w estate interest in the land described If such prompt notice shall not be given additional information as may reasonably es es 'Schedule A by foreclosure, trustee's to the Company, then as to such insured be necessary to make such determinaJon. all liability of the Company shall cease No right of action shall accrue to in- sale, conveyance in lieu of foreclosure, or and terminate in regard to the matter or g other legal manner which discharges the g sured claimant until 30 days after such lien of the insured mortgage, and if such matters for which such prompt notice proof of loss or damage shall have been insured is a corporation, its transferee of is required; provided, however, that fail- furnished. the estate or interest so acquirgd, provided ure to notify shall in no case prejudice Failure to furnish such proof of loss or the rights of any such insured under this the transferee is the parent or wholly policy unless the Company shall be pre- damage shall terminate any liability of owned subsidiary of such insured; and in judiced by such failure and then only the Company under this policy as to such favor of any governmental agency or in- loss or damage. strumentality which acquires all or any to the extent of such prejudice. part of the estate or interest pursuant to (c) The Company shall have the right 5. Options to Pay or Otherwise a contract of insurance or guaranty in- at its own cost to institute and without Settle Claims and Options to Pur- suring or guaranteeing the indebtedness undue delay prosecute any action or pro- chase Indebtedness secured by the insured mortgage. After ceeding or to do any other act which in The Company shall have the option to (Conditions and Stipulations Continued and Concluded on Last Page of this Policy) sf No. SP 131293 SCHEDULE A Policy No: 447135 Premium $ 294.60 Amount of Insurance $ 86,951 .48 Date of Policy: September 28, 1976 at 8:00 A.M. 1. Name of Insured: CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION 2. The estate or interest in the land described herein and which is covered by this policy is: a fee 3. The estate or interest referred, to herein is at Date of Policy vested in: CITY OF HUNTINGTON BEACH, A MUNICIPAL CORPORATION 4. The land referred to in this policy is situated in the State of California, County of Orange and described as follows: Exhibit A attached hereto and made a part hereof. P-218-A (G.S.) Rev. 11-75 California Land Title Association Standard Coverage Policy-1973 CRC OM F-25(G.S.) • EXHIBIT A PARCEL 1: Lots 0, P, and Q of Tract 7771, in the City of Huntington Beach, as shown on a map thereof recorded in book 352, pages 38 and 39, Miscellaneous Maps of said Orange County. EXCEPTING THEREFROM all mineral, oil, gas and other hydro- carbon substances below or under five hundred feet (5001 ) of the surface of said land but without the right, express or implied, of entry in or upon the surface of said land as reserved by' deeds recorded in book 10777, page 200 and book 11233, page 573, Official Records. ALSO EXCEPTING THEREFROM all subsurface water rights, but without the right of entry to the surface or to the subsurface above a depth of 500 feet, as dedicated to the City of Huntington Beach on the map of said tract. PARCEL 2: Lots P and R of Tract 7772, in the City of Huntington Beach, as shown on a map thereof recorded in book 325, page 31, 32 and 33 Miscellaneous Maps of said Orange County. EXCEPTING THEREFROM all mineral, oil, gas and other hydro- carbon substances below or under five hundred (5001) feet of the surface of said land but without the right, express or implied, of entry in or upon the surface of said land as reserved by deeds recorded in book 10777, pages 198, 200 and 201, Official Records. ALSO EXCEPTING THEREFROM all subsurface water rights, but without the right of entry to the surface or to the subsurface above a depth of 500 feet, as dedicated to the City of Huntington Beach on the map of said tract. -P-218-B (G.S.) Rev. 8-73 California Land Title Association Standard Coverage Policy-1973 SCHEDULE B This policy does not insure against loss or damage, nor against costs, attorneys' fees or expenses, any or all of which arise 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. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency 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 the land or by making inquiry of persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, 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. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water. 6. Any right, title, interest, estate or easement in land beyond the lines of the area specifically described or referred to in Schedule A, or in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing in this paragraph shall modify or limit the extent to which the ordinary right of an abutting owner for access to a physically open street or highway is insured by this policy. 7. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 8. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records. 9. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not shown by the public records and not otherwise excluded from coverage but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had been a purchaser or encum- brancer for value without knowledge. (Schedule B continued on next page of this Policy) PI8-BB (G Rev. 8-73 California Landnd Title Association • Standard Coveiage Polidy-1973 PART II 1. Taxes for the fiscal year 1976-77, a lien not yet due or payable. 2. A relinquishment of access rights as to that portion of the herein described property, abutting Newland Street as contained on the recorded map of said tract. Affects: Lot R of Tract 7772. 3. The right of the public to use said land for public park purposes as said lands were dedicated and accepted for said purposes on the maps of said tracts. 4. An easement for pole line, conduit purposes and rights incidental thereto, as contained in an instrument recorded in book 11112, page 855, Official Records. Affects: A strip of land 6 feet in width, lying within Lot "P" of Tract No. 7772, as per map recorded in Book 325, pages 31 to 33, inclusive, of Miscellaneous Maps, in the office of the Recorder of said County; the northwesterly and westerly lines of said strip being described as follows: Beginning at the intersection of the northwesterly line of said Lot "P" with the easterly prolongation of the northerly line of Lot 97, as shown on said tract; thence, southwesterly and southerly, along said northwesterly line of Lot "P" to the westerly line of said tract. pr y. SaSrS OF BEARINGS: T*ACT 11:0'38'484 POW-THE CEN T(;RL'�af r:.,•..,: I Ji VEWLANC AVINVE,.PER R..S.W! RECOROS.of -ORANGE COUNTY IN THE CITY OF HUNTINGTON BEACH.COUNTY 4F MONUMENT NOTES ORANGE, CRLiFQRA!!A. I 1.8Et 2" f TP6®EO RC a 18498 eT 4 TRACT - { go~"we""s,umass OTRs+nrrae Rov". r 2 SET$14"1 e TAUT R.l.E.a 4 ALL LOY $! LOTS AND t? LITTERED LOTS(arCi9. 1 L�$B a us CDRRERS,VR�E88 6.TN(R ROT[D S SET wV1 PND TIR AT ALL smty CENPERLINE THOMAE E.lSMH LTC# �.C.6.12CAf -' „• T. MTE4EHDt10N8 4ND A61 OTYifiR P91RT8 8F'6pM'RK, f• 7 yRAgg [ p • �. PER CITT ORDINANCE NP NMYdo ALL•LgMRLRRTe a CA 'i7Kfii ,SHALL OCCWY TRE1R 1F8pITIS111S MiTNiN 80 DAYR .�.iN VA Y 4075 g8 yp C, tkf PPTBR PGCERPAROE Of ATN T IMPROtlENENT KANB 4• .I BAIp SPIKE AND fill BNALL TP886D R 6,6 l2ME S �• TALBERT AVENUE__ ,XL' -�" N�43'2J"E 2E39 Y6'.t283i 99 jrtRTR.6416 R';<5148,2838.T6 PER PM 42-A4) ^ �� �_ IFD PE T'E i-•NP@°2a' "E RD,DO . CURVE DATA . 7 o � a� < s^a aM a 1a ao se Ra T.xPv9 .,,�— ( .-A Yi-Ra.• IC P• O•fa T+av+ - ., G� .>�+ $llYr $ b BV ST A°j K !dD tlB@ ;T YffiH T Ka B9 PFw 011 y g4 ft'LB° ee G. 9E18 ow L hE 'R!VATE STREET ( n OPOt?�P R. 9ob EW OAtl S N" _ lyr9�s' 4'.yi• m I..eo b h a L•� s B..aa.m yifl�" LOT 1 m eA"LP.. e" b moo 1A&{ r. N, fM =-, —� 1 I` �# T. I. 1 PZ" R°1N.oD,. N Yp Aw ,,. i.T p R ` N _ _ )III I;d r-.—.—_.—,_T..J /�y e�s°+u•�: a se,sr� -ca>1 T• rviD Q! IQ I $K I CYC �%`^✓.l Ql".Qa 24esp "9.8® &9 in. a, �IIt.N I 1 � ��....d<�o�•ns"Q>zs.m ...,Ns.1s Remy r \ Y. A 3 LOT l •� p'I 7.--- a4�i� �'� �Pp q��,N .. 7.'' � rF'I�IRT�i.01''"'T'l+Z."�_. ' � 8' 9� !' •.°P N+ (".. NR8°20'48E IYB.OD TSs.wa.T 597 i Pe lr• s 8 m. ; �,. i� el -- n 9 a YA fR - "� o zsE izg RlAPLEflALE LANE ° ---•--- '4880' _-, #PRIVATEoaTREEr 3 - /F .4. dp 'ag ; - 4. LOT LIT (PRI'VATE STROT) 2 .. ""v ,sb° i _. r RTC.` l sl�� �p®o.a,. -s.d- � fin° - ..f'p�� �,� l - ,i• ems•, 1 lj. �' � ®� +� `-_' � LOT"l 4_0 LOT"L° j w N •P E ar ► l e" °� So O � @r & �¢ fmaPa•+ a i z wm J J A n � P YaY. 3� � •l• 4 �# � � iY a lU EVE'LOT tI. a IEBLL)5 q, 6Tl.as.QP. AWJNP a T �, 5 �� $� A4g#F$ ;e � q'" � •U°�Q�� `$,s Edw $, � d e4.. � n ,� .a ,, . �DEs.alL S 5^ t •'r u, 8 ,Ls �s 9 T v -' fe atE$ iter'&43 l�#$t A � P4&fiso r e a W 8T b+ a z �3RR aaae 0 As. eo $$u% �t Nam° i N ma•R �g x rc N LOT"F" ALL VEHICULAR ACCESS RIGwT'S TO ELLIS AVENUE EXCEPT AT{-OT �^ a q ' ARE OEO!CATEO TO 7Hff ' CITY �- Of HUNTIN6TOA! BEACH o -1E20.D4 -AeO.v ELLIS , s' � _; 1 � aRnavt� IE ELLIS AVIFNWE r •asEEs ssDeJ9,1 iM E!°44'i9"V( 24a DS aYr •A .vf- i 'r1 "ib.ow I.for yam AMm.:bovin�iew wa W6.-#-"a*'am*rww!4a"wit► yul a k+t yea = :, a 4s mumoo,.Au cowo b_b wl"ft far Per.4u-mom it—Af mll""ANWAA" - Y. • t ::. . . rrD ACT s. try TFK9MA$ E SMELTON 1@.C,E 12443 7 � FIEUARr• tl73 r r xAj SEE SHEET f4i 2 I ✓k /} Y LOT "L" e.snt acran i!' .. $iY '^ter x 46 0 50 a st.. ¢ 62 _: 1I °rle+tw s¢ee ° r N xw $ k, r II tasR swmw+4M pact.£ • » k i'� • .�* I (naev.re trmeerl ° o '"y'eg.�` °"'. r / �"� r PII $ 40T °K° o.Day scwes v a110 wY1 a� + {u w•,.« t iq;•*. '!®o r a J ♦i. „�,a, +9 '.If' .n x so,. LOT Q3n to d°Po' o.a�s owes r°4►/ - s aS 7 4 Ali 61 It 16 s v m b 3 >o°.�. 1) r !!azrkEf a m, a4 46fi "V° agK N95 —�,� &u '°°�. •^'"' .ewe caA**" t '€ 5 ww 98 97 d #, r r �, �l¢a E 3b ]'.+s 1e♦o de¢a l� f 'eM'XIM¢i �• ` � y 34""r�. *v tF �� 44£Mf'19¢ ONE'Al £N♦figg � h• �. Ssr A V ,U A ik uo. 4D d 4. v Txt TKs ... i t £ `+K vnLrs e.ae'nP O�f eGC ,"4.4 Xs<.aYq!?� - f E SECAFRiT_T TITLE ISS#IA#CE C01#OA11 t'=r. i"KIM nF w8mm as s ImTm M ali aw AiRie�t�tt lu f *1f;tlYM6pi mm�.Vol"WE QEtl1lSS'wo , �'►:0'.4 otm is t W To CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face) pay or otherwise settle for or in the name notice; (b) in the event of litigation until insured mortgage, or release any collateral of an insured claimant any claim insured there has been a final determination by security for the indebtedness, provided against, or to terminate all liability and a court of competent jurisdiction, and such act occurs prior to receipt by such obligations of the Company hereunder by disposition of all appeals therefrom, ad- insured of notice of any claim of title or paying or tendering payment of the verse to the title or to the lien of the in- interest adverse to the title to the estate amount of insurance under this policy sured mortgage, as insured, as provided or interest or the priority of the lien of together with any costs, attorneys' fees in paragraph 3 hereof; or (c) for liability the insured mortgage and does not result and expenses incurred up to the time of voluntarily admitted or assumed by an in any loss of priority of the lien of the such payment or tender of payment by the insured without prior written consent of insured mortgage. The Company shall be insured claimant and authorized by the the Company. subrogated to and be entitled to all rights Company. In case loss or damage is and remedies which such insured claimant claimed under this policy by the owner g. Reduction of Insurance; Termin- would have had against any person or of the indebtedness secured by the insured ation of Liability property in respect to such claim had this mortgage, the Company shall have the All payments under this policy, except policy not been issued, and the Company further option to purchase such indebted- payment made for costs, attorneys' fees is hereby authorized and empowered to ness for the amount owing thereon to- and expenses, shall reduce the amount of sue, compromise or settle in its name or in gether with all costs, attorneys' fees and the insurance pro canto; provided, how- the name of the insured to the full extent expenses which the Company is obligated ever, if the owner of the indebtedness of the loss sustained by the Company. hereunder to pay. If the Company offers secured by the insured mortgage is an in- If requested by.the Company, the insured to purchase said indebtedness as herein sured hereunder, then such payments, shall execute any and all documents to provided, the owner of such indebtedness prior to the acquisition of title to said evidence the within subrogation. If the shall transfer and assign said indebtedness estate or interest as provided in paragraph payment does not cover the loss of such and the mortgage and any collateral se- 2(a) of these Conditions and Stipulations, insured claimant, the Company shall be curing the same to the Company upon shall not'reduce pro tanto the amount of subrogated to such rights and remedies payment therefor as herein provided. Upon the insurance afforded hereunder as to any in the proportion which said payment such offer being made by the Company, such insured, except to the extent that bears to the amount of said loss, but such all liability and obligations of the Com- such payments reduce the amount of the subrogation shall be in subordination to pany hereunder to the owner of the in- indebtedness secured by such mortgage. an insured mortgage. If loss should result debtedness secured by said insured mort- Payment in full by any person or vo- from any act of such insured claimant, l gage, other than the obligation to ,pur- satisfaction or release of the in- such act shall not void this policy; but the untary sasa ase chase said indebtedness pursuant to this Company, in that event, shall as to such paragraph, are terminated. sured mortgage shall terminate all liabil- insured claimant be required to pay only ity of the Company to an insured owner that part of any losses insured against of the indebtedness secured by the insured 6. Determination and Payment of mortgage, except as provided in paragraph he eunder t which the Cl exceed bthe reason of 2(a) hereof.(a) The liability of the Company the impairment of the right of subrogation. under this policy shall in no case exceed the least of 9. Liability Noncumulative 11. Liability Limited to this Policy (i) the actual loss of the insured It is expressly understood that the This instrument together with all en- claimant; or amount of insurance under this policy, as dorsements and other instruments, if any, (ii) the amount of insurance stated to the insured owner of the estate or attached hereto by the Company is the in Schedule a or, if applicable, the interest covered by this policy, shall be entire policy and contract between the amount of insurance as defined in reduced by any amount the Company may insured and the Company. para- pay under any policy insuring (a) a Any claim of loss or damage, whether graph 2(a) hereof; or mortgage shown or referred to in Schedule (iii) if this policy insures the owner B hereof which is a lien on the estate or not based a negligence, and which of the indebtedness secured by the insured or interest covered b this policy, or (b) arises out of the status of the lien of the mortgage, and provided said owner is the Y P Y insured mortgage co of the title to the a mortgage hereafter executed by an estate or interest covered hereby, or any insured claimant, the amount of the un- insured which-is a charge or lien on the action asserting such claim, shall be re- paid principal of said indebtedness, plus estate or interest described or referred to stricted to the provisions and conditions interest thereon, provided such amount in Schedule A, and the amount so paid and stipulations of this policy. shall not include any additional principal shall be deemed a payment under this indebtedness created subsequent to Date policy. The Company shall have the option No amendment endorsement this of Policy, except as to amounts advanced to apply to the payment of any such mort- Policy can be maddee except by writing en- to protect the lien of the insured mortgage gage any amount that otherwise would dorsed hereon or attached hereto signed and secured thereby. be payable hereunder to the insured owner by either the President, a Vice President, of the estate eu interest covered b this the Secretary, an Assistant Secretary, or (b) The Company will pay, in ad- Y validating officer or authorized signatory dition to any loss insured against by this policy and the amount so paid shall be of the Company. policy, all costs imposed upon an insured deemed a payment under this policy to in litigation carried on by the Company said insured owner. No payment shall be made without pro- for such insured, and all costs, attorneys' The provisions of this payment this policy for endorsement of such de- fees and expenses in litigation carried on P Paragraph 9 shall payment unless the policy f lost or loss P g not apply to an owner of the indebtedness stroyed, in which case proof of such loss b such insured with the written author- secured by the insured mortgage, unless or destruction shall be furnished to the ization of the Company. such insured acquires title to said estate satisfaction of the Company. (c) When the amount of loss or dam- or interest in satisfaction of said indebt- age has been definitely fixed in accor- edness or any part 'hereof. 12. Notices, Where Sent dance with the conditions of this policy, All notices required to be given the the loss or damage shall be payable with- 10. Subrogation Upon Payment or Company and any statement in writing in 30 days thereafter. Settlement required to be furnished the Company Whenever the Company shall have paid shall be addressed to it at the office 7. Limitation of Liability or settled a claim under this policy, all which issued this policy or to its Home No claim shall arise or be maintainable right of subrogation shall vest in the Com- Office, 13640 Roscoe Boulevard, Panorama under this policy (a) if the Company, pany unaffected by any act of the insured City, California 91409. after having received notice of an alleged claimant, except that the owner of the in- defect, lien or encumbrance insured debtedness secured by the insured mort- 13. THE CHARGE SPECIFIED IN against hereunder, by litigation or other- gage may release or substitute the per- SCHEDULE A IS THE ENTIRE wise, removes such defect, lien or encum- sonal liability of any debtor or guarantor, CHARGE FOR TITLE SEARCH, brance or establishes the title, or the lien or extend or otherwise modify the terms TITLE EXAMINATION AND TITLE of the insured mortgage, as insured, with- of payment, or release a portion of the in a reasonable time after receipt of such estate or interest from the lien of the INSURANCE. P-218 (G.S.) Rev. 8-73 POLICY OF TITLE INSURANCE SAFECO SAFECO TITLE SAFECO TITLE INSURANCE COMPANY INSURANCE COMPANY i SAFECO TITLE INSURANCE COMPANY HOME OFFICE 13640 ROSCOE BOULEVARD PANORAMA CITY,CALIFORNIA 91409