Loading...
HomeMy WebLinkAboutD-220 Walter St. Recorded 07/02/1956VOL 856 PAGE317 22 8911 BERTIE J. JOHNSCN, a married woman, GRANTOR, FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Does Hereby Grant To the CITY OF SAN LUIS OBISPO, a Municipal corporation, the real property in the City of San Luis Obispo, County of San Luis Obispo, State of California, described as follows: PARCEL ONE: That portion of the South half of Section 36 in-Township 30 South, Range 12 East, Mount Diablo Base and Meridian, according to the official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at a point on the Northwesterly line of County Road No. 324 as con- veyed to the County of San Luis Obispo, by deed dated September 5, 1946 and recorded in Book 424, at page 179 of Official Records of San Luis Obispo County, which is South 300 41' West 1248.71 feet from the intersection of said Northwesterly line with the Southerly line of County Road No. 257 as shown on map of a portion of said Section 36, recorded in Book 3, at page 34, of Records of Surveys; thence leaving said Northwesterly line North 72° Vilest 826 feet to the true point of beginning, said true point of beginning being the Southwesterly corner of the property conveyed to Emily Ellen Baker, by deed dated April 13, 1949 and recorded May 11, 1949 in Book 522, at page 134 of Official Records; thence from said true point of beginning North 30° 41' East along the Northwesterly line of the property so conveyed and the continua- tion thereof along the Northwesterly line of the property conveyed to Archie C. Stinson, et ux, by deed dated May 9, 1949 and recorded May 11, 1949 in Book 522, at page 114 of Official Records, 615 feet to the most Northerly corner of said Stinson property; thence North 72° west to the Northwesterly line of the property conveyed to Bertie J. Beall, by deed dated June 18, 1936 and recorded July 8, 1936 in Book 197, at page 258 of Official Records; thence South 26° 16' West along said Northwesterly line to a point which bears North 72° West from the true point of beginning; thence South 72° East to the true point of beginning. PARCEL TWO: That portion of the South half of Section 36 in Township 30 South, Range 12 East, Mount Diablo Ease and Meridian, according to the official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at a point on the Northwesterly line of County Road No. 324 as con- veyed to the County of San Luis Obispo by deed dated September 5, 1946 and recorded in Book 424, at page 179 of Official Records of San Luis Obispo County, which is South 300 41' west 866.21 feet from the intersection of said Northwesterly line with the Southerly line of County Road No. 257, as shown on map of a portion of said Section 36 recorded in Book 3, at page 34 of Records of Surveys; thence from said point of beginning, North 72° 'Nest 100 feet to the Southeasterly line of the property conveyed to Edward J. Rhyne, et ux, by deed dated April 22, 1946 and recorded in Book 407, at page 294 of Official Records; thence North 30° 41' East along the Southeasterly line of said Rhyne property 232.50 feet to the most Easterly corner thereof; thence IM'SB.MLbhFANf SL11R5' ' 10 2i5+�iv,in c r W 0 co . cry ,46 2 2v WOL 853 PAGE318 -2- South 72° East 100 feet to the Northwesterly line of said County Road No. 324; thence South 30° 41' West along said Northwesterly line 232.50 feet to the point of beginning. SUBJECT TO: 1. General and special taxes of the fiscal year 1956 -57. "c. Conditions, restrictions, reservations and rights of way of record. Dated: July 26, 1956 STATE OF CALIFCFNIA t ss: County of San Luis Obispo) / On 19,54 , before me VIq N.G % i¢ 1-114 R D A Zar7 blic in and for said County and State, personally appeared !mown to me to be the person whose name /6 subscribed to the within in- strument and acknowledged that C5,4/6 executed the same. WITNESSW hand and official seal. Notary Public in and for said County and State. 1'rty Commission Expires c r W O ca m 00 F'� t VOL 856 MAD I, J. H. Fitzpatrick, the duly elected, qualified and acting City Clerk of the City of San Luis Obispo, do hereby certify that the foregoing is a full, true and correct copy of Resolution No. 100 (1956 Series), passed and adopted by the Council of the City of San Luis Obispo on the 2nd day of July, 1956• WITNESS my hand and the seal of the City of San Luis Obispo this 2nd day of July, 1956.,. ;,. :. it.y Clerk C r G7 O co cra m r�^ `V01 056 PA6E320 PMOLUTIMI Noa 100 (1956 Series) A R_ESCLUTi(1`'. AUT11ORT UNG THE AOQUISTTICN OE RUL F11.0FP.iti:L.? FPO.M 0, R. JOIISON BE T'P H SC -ice by the Council of the City of San Luis Cblspa as _'oUc-9!5; SECT a� :e! i"3 Es� herelxafter d- scribed be acquired and purchased by tie City of San Luis (.blspo for the s°= of TYteave Thca,,sand Two Hundred Fifty D.-oUars and OQJ /1GO (1;12,250,00) fmm Bartde J. and 0, R. Johnsen. SIXOTION 20 The Director of Finance is hereby authorized to era—r,_h-sse safw property for an" on behalf of said Cit; for T-z 71"=sa-id Tt;o T), irdred Fifty Dollars and X /200 (*12,250,00) End ie further autharLkGd to open escrow for said pumlm%ae with aaid sellers to fLsn:ish title policy to said City ind s;sth: said City to pay the iwual purchaser ° s expenses, SECTION 3a Said parcela of real property' -axre described as follow-'a- That por't'ion of the Sot }t h lalf of Section 36 in Tounshlp 30 South, Rangs 12, East No-ant Diablo Ease and Heridiar_, in the City of &un Yaais Obispo, Camty of San Luis Obispo, State of California, accoreALVrU to the official plat or plats of the sureuy of said land, described as folly --dst MCEL 1. Bejel ring at a point on the Nortiniesterly line of Oounnty Road No, 324 as conveyed to the County of Sara Luis Obispo by deed dated September 5, 1946 and recorded in Book 424 at page 2'?9 of Official! Records of San Luis Obispo County,, shi_ch is South 30o 4a3° best 86Go2i feet from the intersection of said Northwesterly lira kth the Southerly line of County Road Noa �57a as shaun nna rtp of a portion of said Section 36 recorded in Boon 3 at page 34 of Ps_•cords of Survsys0 thence from said point of begisn-ing0 north '120 ast 1GO feet to the Southeasterly line of the property conveyed to Z&mrd Ja Rhyna, etc ux, by dead date,". April 220 1946 ?md recorded in Dook 407, at page 294, of Official Records, thence North 3G* 411 East along tm Southeasterly liter of said Rbyne property 232,50 feet to the most Easterly corner thereof, thence South 720 Last 100 fee's to the Northbesterly line of said County Road No. 324, thence South 3CP ha 'cs'est along said Northraester3y Jim 232650 feet to the point of beginnixWo PAPM 2a Beginning at a point on the Northesterly lino of Coux y Road No, 324 as conve�rzd to the County of San Luis Obispo by daed dated September 5, 194e6 and rero"ded in Book 424 at page 179 of Official Records of Same Luis Obispo County., wtdch is South 300 43.2 West 1248,71 feat from the intersection of said Northuesterly .>_d 'with the Southerly line of County Road No. 25? as shorts: an naap of a portion of said Section 36, recorded in Book 3 at page 34, of &_--cords of Says, thence leaving said NorVrmssterly lint: of North. ?20 West 826 feti o to the t ue point of beginning, said true point of beginning, being the Soutlh,esterlIj corner of the property* coax (rev*ed to , i 1p Ellen Ba;mr0 by deed dated April 130 19 ? „9 and recarded Ksy 1118 1949 Lin Book 522 at paae 13h of Official Records, Uence frcm C_ _W O C” C" Ck� I°� IVOL 856 PA. CE321 420 said true poinlc of beginning Worth 3CP Ian East along the NomhmstaTly lim. of propezty so conveyed and the oontinaxation thereof �0.arg `lia Noeuhwi _ste-�ly lim of the property conveyed to Arehk- C, Stisaosi,, at uy. by deed dated May 9p 1S49, and recorded Ma,%, 3i, 39",? i. ^. Hook 522 at ;age 13.E Of Official Racrrdae 61.5 *sot to t�a mat Ncr", eA— � comsr of said Stinson propert-y,, thence N'o,^thh 720 Est to the i?orthuasterly 3.9.E of the pmr°"'ty =rjme'yed to Bern J. Beau„ by deed dated Jum 1889 19306-and r`corded -July 8. 1936 in Bock. '197 at page 25£ .;)f �.�L Z]"..•. ..� 71acGrdL'o t jenea S:iutLl. 26' 6' as. :{ i onI o LG,'fl 1171 3.ir:3 to a po3r -t which bears North 72® Hest from the trua poi-Tit cf bsgsrning, thence South 720 East to the trw poirit of beginnislea S X oil ko The the Ci ty Clerk is hsreby authoria3d to receive -- record or, bnzha1f of said City,* th•;- daed transferrLng the herair2:tSove real nxop 'ar.ty to tha Cates f Sim DAs Gb spon MSED M A13OPMU t"ILU 2� d�day of July x 19569 ire* t're f'oilcw� ±g 5. 11 call vota: MSs Nels Beck, Lowell E. Christie, Warren G. Edwards, Kenneth W. Jones, Fred H. Lucksinger NOs : None .AB -39. -, None ATIMSY: /s t it t ' ck Y /s Fred H. Lucksinger r Doca.ncsnt Ns • - - -- - p,.� RECORDED AT r'EQ0 '-1''�161�9�Y MN PAa3i I►— V6i LU SOO cial COUNTY. CA, SAN JUL 3 01956 ---- >_ BY-ri� - Indexed .O W z W I- z 3 0 0 ESCROW RECEIPT o ECURIT TITLE S ANCE :o i . ......... .......... . ........... COMPANY ....... OFFICE '—.. ................. RECEIVED .............. 47 .................. f .... j ..... 0 .......... -cash- 1 14X check for.. '—� �1/ "b� "'6') �C46e' - — ... ....................... . ............................................ . ..................... ................. ................................ - --------------- - .. ....... . ...... ....... . ................ .................................... .. . ..................... .... in escrow, to be used in accordance with written instructions in connection with Escrow No... MU INSURANCE COMPANY By ...... , r .............................................................. Escrow Clerk. E -5; (G.S.( SECURITY TITLE INSURANCE COMPANY San Luis Obispo OFFICE . DATE 7/30/56 • City of San Luis Obispo EscRow 47581 • % J. H. Fitzpatrick, City Clerk • 990 Palm Street L San Luis Obispo, California _J PROPERTY n accordance %%ilh instructions in the above escrow, we enclose the following: 1, Policy of title insurance covering property purchased from Bertie J. Johnson. The deed will be sent to you from the Recorder's Office, It has been a pleasure to serve you. Very truly yours, 'Faneta Hurd Escrow Officer de g p31�12 JuI- +.jon 1 � AI �eCPJJ f PARCEL lr That portion of the South half of Section 36, in Township 30 Souti„ Range 12, East tiount Diablo Base and Neridian, in the City of San LuisObispo, County of San Luis Obispo, State of California, according to the official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at a point on the +orthwesterl^ line of County Road No. 324, as conveyed to the County of San Lais O'oispo by deDd dated September 5, 1946 and recorded in Book 424, at Waage 179 of Official Records of San Luis Obispo County, which is South 300 41' oiest 1248.71 feet from the intersection of said Northwesterly line with the Southerly line of County Road No. 257 as shown on map of a portion of said Section 36, recorded in Book 3, at L)age 34, of Records of Surveys; thence leaving said 1orthwesterly line North 72° .lest 326 feet to the true point of beginning, said true point of beginning being the Southwesterly corner of the pro- perty conveyed to Emily Ellen Baker, by deed dated April 13, 1949 and recorded may ll.. 1949 in Book $22, at page 134 of Official Records; thence from said true paint of b- ginning North 30' 411 East along the Northwesterly line of the property so conveyed and the continuation thereof along the Northwesterly line of the property conveyed to Archie C. Stinson et zx., by deed dated trap 9, 1949 and recorded Uay U. 1949, in Book 522, at pa;-.e 114 of Official Records, 615 feet to the most Northerly corner of said Stinson .3roperty; thence North 72' hest to the Northwesterly line of the property conveyed to Bertie J. Beall, by deed dated June 13, 1936 and recorddd July '?, 1936 in Book. 197, at page 258 of Official Records; thence South 26° 16' --'est along; said Aorthwesterly line to a point which bears North 720 :lest from the true point of beginning; thence South 72° last to the true point of beginning. PARCEL 2: That portion of the South half of Section 36, in Toenshin 30 South, Ran;,e 12 ;cast, f=ount Diablo Base and Uorician, in the City of San Ltis Obispo, County of San Luis Obispo, Stale of California, according to tae official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at a point on the ilorth7testerly line of County Road No. 324, as conveyed to the County of San Luis Obispo by deed dated Septembor 5, 1946 are recorded in Book 424, at rage 17i of Official =iccords of San Luis Obispo County, which is South 30° 411 ioest 66.21 feet from the intersection of said Northwesterly line with the Southerly lire of County Road Ho. 257, as shown on :zap of a portion of said Section 36 recorded in Book 3, at :a;,e 34 of Records of Surveys; thence from said point of beginninZ, North 72° +lest 100 feet to the Southeasterly line of the property conveyed to Edgard J. Rhyne, et ux., by deed dated April 22, 1946 and recorded in Book 407, at page 294, of Official Records; thence North 300 411 Bast along the Southeasterly line of said Rhyne Property 232.50 feet to the most :asterly corner thereof; thence South 72° East 100 feet to the I3orth- westerly lino of said County :toad No. 324; thence South 30° 41' iiest along said Northwesterly line 232.50 feet to the ;point of beginning. ESCROW INSTRUCTIONS Escrow No. 45a S'73'1 L21D Obispo Once Date J!Ay 30 '19 56 SECURITY TITLE INSURANCE COMPANY: I VM hand you the = Of 1,�?'12,250*Wj a4. for Flo 2.Ccctt°1t, OA B£`s tle coo dot►, ^�� which you are instructed to use when, after recording the necessary instruments, you are able to procure a standard form omom Policy of Title Insurance, issued by your company in its usual form containing the printed exceptions usual in such policy, with liability not_less than S.. �'�y2aC' _ _ on the following described property situate in the County of. San f+iA 'Aaopo State of California Sce attachoff &=r#tion showing title vested in Cla'7 OF SAN L475 0C5PO, a timdclpA corporati= Subject to: 1. Taxes aU for the fiscal year 2956 -57 including levies for any district such as, but not limited thereto, drainage, irrigation, road improvement, acquisition and improvement, Cue protection, etc. (Personal property tax, if any, to be paid outside of escrow by seller before delinquent.) 2. Bond — assessment EVOW with no delinquent payments, and with unpaid balance of principal not to exceed S 3. Covenants, conditions, restrictions, reservations, easements, and rights of way of record (if any), 4. E -40 -L (G.S.) 1 -12 -56 161A (Rev. 1152) 4.r szagmnN auogd sassaippy s :anag 2 g Io ,iunomu aqi m paap of sdmaiS anuaeag luuzaiul gaauV (easaadsa fie) PAP Susp.aooas EQ a I]o S'D W P �I $ 6 6aii of aaz8e I• P E'Llm EdlEr's Mua&o a t��z=r . 001M.MOUT mTq,- go A0 ol Kaaga I!em pua :L (SS W2, i�3mqG fl Of GTIC` of aouslnq And •p s! ssazppu asogm tMC.0 Io puamap fed '£ oCC'sLLT zD UMAT uns in m!q of i!oaga I!ulq ON asuaort s 3ailmg s g Io ianoms aqi ul uo!ss!camoo a e05. eaqad •Z Mrn •payiaads zai)sazaq su sa2zago moL »neap pup am of algsa2zago saaueeps jo) )(a�anoS asingmcag •I :smopol se lan000s 6m zoI span} asmgs.p mozaso Io asolo iV •suopomisul p!us gi4v Lldmoa of sivamiuism pzooaz pus Lauom ay asn of payannsu! azs noX maiasa sty of sapmd zagio Lq painoaxa aq of aza se 'Las y •siadud guns 2undaDxa 'anoge se slip leas of pannbaz siadad noL pduq II!m I •paeozdds aza suopanzism anoge aqy szagmnN auogd szafng x ik GIC0 Wfl Evs elo =0 �ttvjqin i w. 11 t. +i- j��O�w ..•;�'el:�iu��)i.P.�iO.A'�. ('1.00�•;�7.�1 �;�)ai�•�[� al! "w7r[f;�: � "a.a: • •Ioazaq smnl aqi uodn paguosap u!azaq Lizadmd aqi fnq of saaau zafnq aqi pua gas ai samz8u zajlas aqi `ajas a ai zalaz saopaniisur asagi jl tgazagl palaage ea!uad TN tq 8m1!an m nas!9 ssalun mo "a s!ql m taapa 6ua j° aq flags •gdez8azud 8u!o2azo3 agi qt!m aauapaoaaa to apam vona[[aaum roj puvmap it idaaza Wnonanzism 3o a9aegr ao puamap 'aanou oAl wuonanztsm aeagi >apun ti!l!q!suodsaa mot °l Qo!lrppm u! Ltnp so 4Tgvq tav aleaaa ioa swop •enonaouem asagl qlw aaau!ldcaoa iaanazd ion op e1aal gans pap!nozd 'tyradozd aqi 8anaage sianauc 3o a2palmoa31 mol •olazaq sanzud aqi Ilu uugi seal Lq uonupaauna opnloa:d Lam ioj pallet u!araq sivaumaop Laa Io eaa!go a!Ignd in 8u!IF3 tldmoa m uae!5 amn agl zat)u noL papuuq ion s! Li.md Lua Lq laauea M puemap uall!zm papa -aid paz!n6aa aq Lam ea auc!i luaon!ppe pua suonannsu! asagl tun Llduz m garge� u!gt!m step aenq nox ,AAM KOD 35NVIMSKI TLLLL A.ira 03S ;o z(aaxp Lq opum aq of aae sivamasmgs!p By ,nog papusq ]uama]ei9 zad sa of gaaI aaueepa aimazd :q 8 aq of aoumaq p!adufl e.� of iaaBV z!agi in eiou Io ioploq Io ivawaiais uo paseq ueol uo isazaiu! aimozd :£ of aiazozd •pagasiia sasnelo aaSe2lzom zadozd gum •nof papueq se • � g ioj aauumem zagio pue azg (zapuaj) —(am) m taAlla(] :7 •saxsi ivazzna Io iunoma empze2az uonamzolm yi!m nof gs!unl oiazaq sopzad ssalun 'luau a;ms xai isaiul aqi no pasuq • of •pafanuoa ion Luadmd luuosiad idaoxa ;ll!q xui ao 2Qizsadda smai! Hu 2u!pnjou! saxu.L � � aiazwd :I •(pzoaaz zo) pal4 aze szaded Sup aqi uaam hugs „mozasg Io aeolg „) gim nof pasolo si mozosa zailV -Mllum Air or .Ignd zagio in sg!q zaium opsamop qi!m Itasmof maouoa ion Hm nod of p!ad sg.q pae sivamssasse qi!m (ao2pald Lm se zapual) —am m pazza)suezi 6lnp 'fuadmog Io 1130ys zaiam Io sazags cum lap of zae!tap asa noS vagm'puy iron P -118 (G.S.) Rev. 8-56 1 -26-56 . ' . . J: $123250-00 Charge for Title Examination and Insurance S 104.00 (A -1)No. 47581 -SLO SECURITY TITLE INSURANCE COMPANY a California corporation, herein called the Company, for a valuable consideration paid for this Policy of Title Insurance does hereby insure CITY OF SAN LUIS OBISPO, a municipal corporation, together with the persons and corporations included in the definition of "the insured" as set forth in the stipulations of this policy, against loss or damage not exceeding TWELVE THOUSAND TWO HUNDRED FIFTY AND N01100 --------------------- - - - - -- dollars, which the insured shall sustain by reason of: 1. Title to the land described in Schedule A being vested, at the date hereof, otherwise than as herein stated; or 2. Unmarketability, at the date hereof, of the title to said land of any vestee named herein, unless such unmarket- ability exists because of defects, liens, encumbrances, or other matters shown or referred to in Schedule B; or 3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not shown or referred to in Schedule B; or 4. Any defect in the execution of any mortgage or deed of trust shown in Schedule B securing an indebtedness, the owner of which is insured by this policy, but only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or 5. Priority, at the date hereof, over any such mortgage or deed of trust, of any lien or encumbrance upon said land, except as shown in Schedule B, such mortgage or deed of trust being shown in the order of its pri- ority in Part Two of Schedule B; all subject, however, to Schedule A, and B, and the Stipulations herein, all of which schedules and stipulations are hereby made a part of this policy. In witness whereof, Security Title Insurance Company has executed this policy by its authorized officers as of the date set forth in Schedule A. Secretary � President An Authorized Signature CLTA Standard Coverage Copyright 1950 P -118 -A (G.S.) Rev. 8-M 1 -26-56 40M 1. On July 303 1956 SCHEDULE A at 8: 05 o'clock a , m ., the title to said land is vested in CITY OF SAN LUIS OBISPO, a municipal corporation. 2. Description of the land in the County of J which is insured by this policy: PARCEL 1: That portion of the 30 South, Range 12 East, Mount of San Luis Obispo, according survey of said lands returned Surveyor General, described as an Luis uoispo , State of California, title to South half of Section 36, in Township Diablo Base and Meridian, in the City to the official plat or plats of the to the General Land Office by the follows: Beginning at a point on the Northwesterly line of County Road No. 324 as conveyed to the County of San Luis Obispo, by deed dated September 5, 1946 and. recorded in Book 424, at page 179 of Official Records of San Luis Obispo County, which is South 300 411 West 1248.71 feet from the intersection of said Northwesterly line with the Southerly line of County Road No. 257 as shown on map of a portion of said Section 36, recorded in Book 3, at page 34 of Record of Surveys; thence leaving said Northwesterly line North 720 West 826 feet to the true point of beginning, said true point of beginning being the Southwesterly corner of the property conveyed to Emily Ellen Baker, by deed. dated April 13, 1949 and. recorded May 11, 1949 in Book 522, at page 134 of Official Records; thence from said true point of beginning North 300 41' East along the Northwesterly line of the property so conveyed. and the continuation thereof along the North- westerly line of the property conveyed to Archie C. Stinson, et ux., by deed dated May 9, 1949 and recorded May 11, 1949, in Book 522, at page 114 of Official Records, 615 feet to the most Northerly corner of said Stinson property; thence North 720 West to the Northwesterly line of the property conveyed to Bertie J. Beall, by deed dated June 18, 1936 and recorded July 8, 1936, in Book 197, at page 258 of Official Records; thence South 26° 16' West along said Northwesterly line to a point which bears North 72° West from the true point of beginning; thence South 720 East to the true point of beginning. PARCEL 2: That portion of the South half of _section 36 in Township 30 South, Range 12 East, Mount Diablo Base and Meridian, in the City of San Luis Obispo, according to the official plat or plats of the survey of said lands returned to the General Land Office by the Surveyor General, described as follows: Beginning at a point on the Northwesterly line of County Road No. 324, CLTA Standard Coverage Copyright 1950 SCHEDULE A, continued. as conveyed to the County of San Luis Obispo, by deed dated September 5, 1946 and recorded in Book 424, at page 179 of Official Records of San Luis Obispo County, which is South 300 41, West. 866.21 feet from the intersection of said Northwesterly line with the Southerly line of County Road No. 257, as shown on map of a portion of said Section 36, recorded in Book 3, at page 34 of Record. of Surveys; thence from said point of beginning North 72° West 100 feet to the Southeasterly line of the property conveyed to Edward J. Rhyne, et ux., by deed. dated April 22, 1946 and recorded in Book 407, at page 294 of Official Records; thence North 300 41' East along the Southeasterly line of said Rhyne property 232.50 feet to the most Easterly corner thereof; thence South 72° East 100 feet to the Northwesterly line of said County Road No. 324; thence South 300 41' West along said Northwesterly line 232.50 feet to the point of beginning. P -118 -a (G.S.) Rev. 8.54 1 -26-56 44M SCHEDULE B This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly insured in Paragraphs numbered 4 and 5 on Page 1 of this Policy. PART ONE: This part of Schedule B refers to matters which, if any such exist, may affect the title to said land, but which are not shown in this policy: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing agency or by the public records; and easements, liens, or encum. brances which are not shown by the public records. 2. Rights or claims of persons in possession of said land which are not shown by the public records. 3. 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 or by a correct survey. 4. Mining claims, reservations in patents, water rights, claims or title to water. 5. Any laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regulating or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or any zoning ordinances prohibiting a reduction in the dimensions or area, or separation in ownership, of any lot or parcel of land; or the effect of any violation of any such restrictions, regulations or prohibitions. PART TWO: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the title to said land or to which said title is subject: 1. General and special taxes of the fiscal year 1956 -57, now a lien, but not yet due and payable. 2. Rights of way or easements for public or private roads or highways across said property as the same now exist. CLTA standard Coverage V� �u Cot yLO T�T^ v` `` 1*) P-4 vj 0 a v c a N v w• � bm a r aN b b • w ..'G O o• OG a pe ey c 3 ow �� �E c o o ,°� Q, W ro? ? a•L'o POn 2 : +6 ° F7 z 14 o'o,v nAE CAI cCy�y oQ0 e.r "a�OV °ea p ? � 'NT rmq :,ey roy FN 'NC Nm; �iWn Nyy !Ja G " ,.O wl' w� :O R 0 _ CD Y � V l✓ cs~ T,Zs onr• Qa onm Rz �-' i1 c N Om Wi O`• ee toi OwM o m 3 y o�� .m:'b 43 y.y3 N.�6p 6 :�, S w POa Za.'i p e a Y� L sr 4 P a C G to V' .f 6 a F- H ^ d �.i F y n w• a° Z Win^ �O_= rn gym... ±y i�y`ONW Ca bO a W O °��; maL WW<�F FO Q qn y2 M Fn y VV �� ^Q b6W YG[1 W m a v c a w• .3 z a v w• cn v y a r O C �b O CA t7-0 � z 14 0 m a P- 116 -ST (G.S.) Rev. 654 1 -2656 35M I. SCOPE OF COVERAGE This policy does not insure against, and the Company will not be liable for loss or dam- age created by or arising out of any of the following: (a) defects, liens, claims, encum- brances, or other matters which result in no pecuniary loss to the insured; (b) defects, liens, encumbrances, or other matters created or occurring subsequent to the date hereof; (c) defects, liens, encumbrances, or other matters created or suffered by the insured chiming such loss or damage; (d) defects, liens, claims, encumbrances, or other matters existing at the dato of this policy and ]mown to the insured claiming such loss or dam- age, either at the date of this policy or at the date such insured claimant acquired an estate or interest insured by this policy, un- less such defect, lien, claim, encumbrance or other matter shall have been disclosed to the Company in writing prior to the issuance of this policy or appeared at the date of ibis policy on the public records. Any rights or defenses of the Company against a named insurod shall be equally available against any person or corporation who shall become an Insured hereunder as successor of such named insured. 2. DEFENSE OF ACTIONS. NOTICE OF AC- TIONS OR CLADS TO BE GIVEN BY THE INSURED The Company at its own cost shall defend the insured in all litigation consisting of ac- tiona or proceedings against the Insured, or defenses, restraining orders, or injunctions interposed against a foreclosure or sale of said land in satisfaction of any indebtedness, the owner of which is insured by this policy, which litigation is founded upon a defect, lien, encumbrance, or other matter insured against by this policy, and may pursue such litigation to final determination in the court of last resort. In case any such litigation shall become known to any insured, or in case knowledge shall come to any insured of any claim of title or interest which is ad- verse to the title as insured or which might cmice loss or damage for which the Com- pany shall or may be liable by virtue of this policy, such insured shall notify the Company thereof in writing. If such notice shall not be given to the Company at least two days be- fore the appearance day in any such litiga- tion, or if such insured shall not in writing, prcmptly notify the Company of any defect, lien, encumbrance, or other matter insured against, or of any such adverse claim which shall come to the knowledge of such in- sured, in respect to which loss or damage is apprehended, then all liability of the Com- pany as to each insured having such knowl- edge shall cease and terminate; provided, however, that failure to so notify the Com- pany shall in no case prejudice the claim of any insured unless the Company shall be actually prejudiced by such failure. The Com- pany shall have the right to institute and prosecute any action or proceeding or do any other act which, in its opinion, may be neces- sary or desirable to establish the title, or any insured lien or charge, as insured. In all cases where this policy permits or requires the Company to prosecute or defend any action or proceeding, the insured shall secure to it in writing the right to so prosecute or defend such action or proceeding, and all appeals therein, and permit it to use, at its option, the name of the insured for such purpose. Whenever requested by the Company the insured shall assist the Company in any such action or proceeding, in effecting settle- ment, securing evidence, obtaining witnesses, prosecuting or defending such action or pro- ceeding, to such extent and in such manner as is deemed desirable by the Company, and the Company shall reimburao the insured for any expense so incurred. The Company shall be subrogated to and be entitled to all costs and attorneys' fees incurred or ex- pended by the Company, which may be re- coverable by the insured in any litigation carried on by the Company on behalf of the CLTA Standard Coverage Copyright 1950 STIPULATIONS insured. The word "knowledge" in this paragraph means actual knowledge, and does not refer to constructive knowledge or notice which may be imputed by the public records. 3. NOTICE OF LOSS. LIMITATION OF AC- TION A statement in writing of any loss or damage for which it is claimed the Company is Liable under this policy shall he furnished to the Company within sixty days after such loss or damage shall havo been ascertained. No action or proceeding for the recovery of any such loss or damage shall he instituted or maintained against the Company until after full compliance by the insured with all the conditions imposed on the insured by this policy, nor unless commenced within twelve months after receipt by the Company of such written statement. 4. OPTION TO PAY, SETTLE, • OR COM- PROMISE CLAM The Company reserves the option to pay, settle, or compromise for, or In the name of, the insured, any claim insured against or to pay this policy in full at any time, and pay- ment or tender of payment of the full amount of this policy, together with all accrued costs which the Company is obligated hereunder to pay, shall terminate all liability of the Com- pany hereunder, including all obligations of the Company with respect to any litigation pending and subsequent costs thereof. 5. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this policy, it shall be subroga- Ind to and be entitled to all rights, securi- ties, and remedies which the insured would have had against any person or property in respect to such claim, had this policy not been issued. If the payment does not cover the loss of the Insured, the Company shall be subrogated to such rights, securities, and remedies In the proportion which said pay- ment bears to the amount of said loss. In either event the insured shall transfer, or cause to be transferred, to the Company such rights, securities, and remedies, and shall permit the Company to use the name of the insured in any transaction or litigation in- volving such rights, securities, or remedies. 9. OPTION TO PAY INSURED OWNER OF INDEBTEDNESS AND BECOME OWNER OF SECURITY The Company has the right and option, in ease any .loss is claimed under this policy by an insured owner of an indebtedness se- cured by mortgage or deed of trust, to pay such insured the indebtedness of the mort- gagor or truster under said mortgage m deed of trust, together with all costs which the Company is obligated hereunder to pay, in which case the Company shall become the owner of, and such insured shall at once assign and transfer to the Company, said mortgage or deed of trust and the in- debtedness thereby secured, and such pay- ment shall terminate all liability under this policy to such insured. 7. PAYMENT OF LOSS AND COSTS OF LITIGATION. INDORSEMENT OF PAYMENT ON POLICY The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon the insured in litigation car- ried on by the Company for the insured, and in litigation carried on by the insured with the written authorization of the Company, but not otherwise. The liability of the Com- pany under this policy shall in no case ex- V- seed, in all, the actual loss of the Insured and costs which the Company is ob- ligated hereunder to pay, and in no case shall such total liability exceed the amount of this policy and said costs. All payments under this policy shall reduce the amount of the insurance pro tanto, and payment of loss or damage to an insured owner of indebted- ness shall reduce, to that extent, the liabil- ity of the Company to the insured owner of acid land. No payment may be demanded by any insured without producing this policy for indorsement of suchpayment. S. MANNER OF PAYMENT OF LOSS TO IN- SURED Loss under this policy shall be payable, first, to any insured owner of indebtedness secured by mortgage or deed of trust shown in Schedule B In order of priority therein shown, and if such ownership vests III more than one, payment shall be made rat- ably as their respective interests may appear, and thereafter any loss shall be payable to the other insured, and if more than one, then to such insured ratably as their respective interests may appear. If there be no such in- sured owner of indebtedness, any loss shall be payable to the insured, and if more than one, to such insured ratably as their rezpoo- tive interests may appear. 9. DEFINITION OF TEEMS The following terms when used in this policy mean: (a) "named insured ": the persons and corporations named as insured on first page of this policy; (b) "the insured ": such named insured together with (1) each successor in owner- ship of any indebtedness secured by any mortgage or deed of trust shown in Schedule B, the owner of which indebtedness Is named herein as an insured, (2) any such owner or successor in ownership of any such indebtedness who acquires the land de- scribed in Schedule A or any part thereof, by lawful means in satisfaction of said in- debtedness or any part thereof, (3) any governmental agency or instrumentality acquiring said land under an insurance con- tract or guarantee insuring or guaranteeing said indebtedness or any part thereof, and (4) any person or corporation deriving an estate or interest in said land as an heir or devisee of a named insured or by reason of the dissolution, merger, or consolidation of a corporate named insured; (c) "land ": the land described specifi- cally or by reference in Schedule A and im- provements affixed thereto which by law constitute real property; (d) "date": the exact day, hour and minute specified in the first line of Schedule A (unless the context clearly requires a different meaning); (e) "taring agency": the State and each county, city and county, city and district In which said land or some part thereof is situ- ated that levies taxes or assessments on real property; (f) "public records ": those public reo- ords which, under the recording laws, im- port constructive notice of matters relating to said land. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy can be waived or changed except by writing in- dorsed hereon or attached hereto signed by the President, a Vice President, the Secretary, or an Assistant Secretory of the Company. 11. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at its home office at 530 West Sixth Street, Los Angeles 14, California.