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HomeMy WebLinkAboutD-799 Mission Plaza Recorded 08/22/1968r RECORDING REQUESTED Qv_., AND WHEN RECORDED MAIL TO NAME ADDRESS '✓T C clTr STATE I Title Order No Escrow 510 80796 de MAIL TAE STATEMEMTS TO F NAME ADDRESS Cm a STATE L City of San Luis Obispo 16598 ,vo�1487. PAGE 610 TRANSFER TAX PAID - SAN LUtS OS!SRO COUNTY. RECORDER SPACE ABOVE THIS =Pccrty $ Firm Name Grant Deed L -1 THIS FORM FURNISHED BY SECURITY TITLE INSURANCE COMPANY AFFIa FOR A .VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, DORA MADONNA hereby GRANT(S) to CITY OF SAN LUIS OBISPO, a municipal corporation the following described real property in the City of San Luis Obispo county of San Luis Obispo .state of California: See description attached as Exhibit "A" consisting of one page. Dated June 14, 1968 ®® STATE OF CALIFORNIA COUNTY OF SAN LUIS OBISPO SS. On July 16, 1968. before me, the under- signed, a Notary Public in and for.said County and State, personally appeared DORA MADONNA , known to me to be the person whose name 1S subscribed to the within instrument an cknowledged that She executed the same. Signature of tary HARRY C MURPHY Name (Typed or Printed) of Notary MY aemtniawan etgi 7one•Yt 7970 'Ape A �. _....: SEAL OR STAMP HARRY C MURPHY d NOTARY PUBIIC SAN LUIS OBISPO COUNTY f.l Rlln...• L-1 (G.S.)- li (Rev. 8 -65) 8 pt. '' • MAIL TAX STATEMENTS AS DIRECTED ABOVE_ c Z� i� Co Co c.. +1 HARRY C. MURPHY w� NOTARY p_c11( r, SAN LUIS ov- ?O cc7?1TY tt CALIFORNIA 1 L-1 (G.S.)- li (Rev. 8 -65) 8 pt. '' • MAIL TAX STATEMENTS AS DIRECTED ABOVE_ c Z� i� Co Co c.. +1 A z ccZ G 0 z V/ i } Q p _ Z ¢ Z Q C a >p W LU m Q w U Q J (( U. W /L, O C of W F U W I% z s W 0 J J rQ I _ w W Z Z o J 1 r CZ w G ry O J1 ,n z EXHIBIT "A" VA487 PACE 61 All that part of Block 10 of the City of San Luis Obispo,, in the City of San Luis Obispo, County of San Luis Obispo, State of California, according to map filed for record May 1, 1878 in Book A, at Page 168 of Maps, in the Office of the County. Recorder of said County, described as follows: Beginning at a point on the Southerly line of Monterey Street in said City, distant thereon South 53° 07' West, 222 feet from the intersection of said Southerly line of Monterey Street, with the center line of Chorro Street and being the Northwest corner of the property conveyed to H. M. Warden by deed dated September 122 1894 and recorded September 133 1694 in Book 24, at Page 476 of Deeds; thence South 530 67' West along said Southerly line of Monterey Street, 84.5 feet; thence at right angles Southeasterly to the center of San Luis Obispo Creek; thence Northeasterly up the center of said creek to a point in same, where a line drawn at right angles with Monterey Street Southeasterly from the point of beginning would intersect said center line of said creek at said point and at the Southwesterly corner of the lot so conveyed to H. M. Warden, as aforesaid;. thence Northwesterly along /the Westerly line of said Lot to the Southerly line of Monterey Street and the point of beginning. DA487 PACE 61Z CERTIFICATE OF ACCEPTANCE Ctt•.fs0CS *ssis THIS IS TO CERTIFY that the interest in real property conveyed by the deed dated June 14, 1968 19 , from Dora Madonna to the CITY OF SAN LUIS OBISPO, a Political Corporation, is hereby accepted by the undersigned officer on behalf of the City Council pursuant to authority conferred by Resolution No. 549 (1959 Series), recorded YAy 26, 1959, in Volume 1002, Official Records, Page 292, San Luis Obispo County, California, and the Grantee consents to recordation thereof by its duly authorized officer or his agent. Date: August 5, 1968 ATTEST: CITY OF SAN LUIS OBISPO MM.W Document No. ______ -- 16598 Ui F - - At Min. P M. Vol/Y470fficial Records P. -&&' San Lui Obispo Coun , Calif. IU G 2.2 196.8 W. V, WAGOU NTWY �oRDr-a,,A xepu ty .. -___ -- _ Ind tOMPARF,D c- M r-D ZZ ZZ rn 00 N Cori tD T E_68 (GS.);: r- ��11'415js SECUFZFFY. 'TITLE INSURANCE COMPANY ~ �" i' 4 � Qr ': �II T.�,iS OhiFzO OFFICE City of San Luis Obispo DATE June 14, 1968 C/o Harold Johnson, City Attorney EscROW 990 Palm Street 80796 de San Luis Obispo, Calif. 931+01 PROPERTY Please Sign and Return the Following if "Sa XXXX Escrow Instructions a copy for your file. Amended Instructions Request for Reconveyance Bill of Sale To assist the closing of this escrow please attend to the matters checked on this sheet and forward to us as soon as possible. We believe any documents enclosed are self explanatory but if you wish further information we shall be pleased to furnish it. Your cooperation is appreciated. Yours very truly, Escrow Officer�� GSM Please Sign and Have Acknowledged by A Notary Public (Notary should fill in - date and name' of State and County, using form- attached to document, and affix his Official Seal) Deed Trust Deed T ease Assignment of Lease. Crop and /or Chattel Mortgage Please Fill Out, Sign ond.Return: Statement of Information Rent. Statement Please Furnish Us With., Inventory of furniture, etc. Fire Ins. Funds necessary to close Estimated amount is $ ...................... BE ESCROW INSTRUCTIONS Escrow No. 80796 de SECURITY TITLE Date ban es � �o , Office B INSURANCE COMPANY I VM. hand you $60,00101,00 to conplete 8 total pun*sse Brice Of $60P000000 which you are instructed to use when you are able to procure a standard form OwrAw8 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 $ 6 D00 00 on the following described property situate s in the t�y at 38n Luis Obispo County of San Luis Obispo State of C �jorma bee description attimbede showing title vested in gay (IF SAN LM CBM00 a X=itgpal Cw9c=tion Subject to: 1. Taxes Sen. & gpee for the fiscal year 1968.69including levies for any district such as, but not limited thereto, drainage, irrigation, road improvement, acquisition and improvement, fire protection, etc. 2 Bond — assessment now with no delinquent payments, and with unpaid balance of principal not to exceed $ 3. Covenants, conditions, restrictions, reservations, easements, and rights of way of record (if any), E -40-L M (G.S.) R 2 -67 w Rev. 4, sxagmnN auog r- d sassaippd scalps , (xWh4 Aq ',pd es o�) 00'99 $ jo nunomg aql ui PAP °n4goeuV saasga elm 30 OWN Aed on aaa2r j T0�£b 'aT'[sC1 Wn� 8Rm4 �1 °i$3 Aa�AI 65L (ssaappg) on )loago liem pua Qd� Q of aouupq Aed •'6 st • ssaappg asogm dIDDB jo pugmap Agd •g j8 m.q of 3paqo jie➢1i ON asu33i7 s'aatloag $ jo iunome agi ui uoissmxmoo a a= Aed -Z •paijioads aaijuaaag sg sa2imp anoS lonpap pug am of alqua imp saoueepr iol 1psinoS asangmiag •T smojjoj se nunoaag Am aoj spun] asangsip moms;2 jo asop iV •suoinonansui piss gum Aldmoo on snuamnns -m p10391 pug Sauom agi am of paionansui acs noA •momsa sigi of sat .11 aagio Aq painoaxa aq of air sr '.fug ji saadsd guns 2uindaoxa 'anoqu so apii isae of paiinbaa waded noA purg Ilim j 'panoiddu car suoipnansui anogu agj; saagmnN auogd sassaappy smXng =aT0 X�txl IT3 jq /S VW TaipTauM M iTaTO /S t10Tv mtaw4 STM -wim sd%zaga PA=98 pas UM14 m Aud on aaa2u j •joaaag smaai agn uodn paquosap uiaaag Snaadoid agi Snq of saaa le aaSnq agn pug Has on saaa ll sagas alp lalus r on .1" suot;onaisui asagl jj 'Sgwayi paiaa;jv sanaed jje Sq 2nnum ui uaei2 ssalun moaasa stgt m iaajja Sue jo aq nags °gdea2eaed 2mo2aaoj aql gllm aaaepaoaae m apem uoinejlaauea aoj puemap a jdaaxa 4suonannsm jo a2ueya ae puemap 6aatiou ON •suoilanaisui asagi aapmx Sliligisuodsaa anoS of nouippe m Sinp ao Auligeil S - aleaaa ion soop °suonanalsui "oil Imm aaueildmoa iaanaad iou op siaej Clans papieoad 'Siaadoad ayi 2unaa ;;e saaiigtu ;o a2palmomj anon •Sldmoo of uaei2 seep jo pouad jeniui aqi aaip noS papuey iou sj suonanaisux asagi yiim paildutoa Sjlnj aeeq llegs uayi oqm Sund Sue Sq laauea of puetuap uailiam papinoad poambaa aq Seux se amp leuonippe pug suoiianansm asayi yiim Sldtuoa of yalgA ult�i A up 09 cosy nom 'ANvdwo3 33K"flSNl TLLU Xllafl3as 30 alaaya q apem aq on ace sivamasangsiP HV •paianiisut asimiagio ssijun giuow Sep OF, e jo sisrq ay uo paindwoa aq of air suoquioad 11V -no/ papueg nuamansns sad se¢ of sivaa aoueepg aisaoad :l, g aq on aourlrq piudufl am of iva2V magi so aiou jo aaplog jo nuamanuns uo pasuq uuol uo 1saiaiui almoad :C of aneaoad •pagoenng sasngla as iduom aadoid gnim'noS papuuq se'' a R t aoj amminsui aaglo pug aug (aapual) —am) on xanilaQ :y •sam luauno jo nunomg 2uipau2ai uolnuuojui noA giunj onaa saiu ugd ssalun 'juamaluns xri. isaigl atp uo paseq ' of 'paAaeuoo ion Siaadoid jeuosaad idaaxa 'lliq xei uo 2uuvodde sawn! lle 2u;pnlaui saxey aigaoad : j (paoaax aoj palij aau waded Arp agi uvam Rings itmoaaea jo aeopo llim noA pasoja sx moaasa aaijV •saaRem Ai.Mn oijgnd aagio ao slliq mum onsamop xpim jjasanoA uaaauoa nou llim noA • of pied slliq pug sivamssasse giim (aa2pald Am se 'aapual) -am on paaaajsasan Alnp 'Auuduxo:) jo )laois aaiem jo saargs Guou (aapual) —(am) on aanilap Una noA uagm'pue 'n W c , -P•216 (G.S.) Rev. 1 -63 ' I.,. r .w .�. 1 � w w � ft wig w w .' i —3 = Li LJ rl 1 1 T I I I LC IIVi7tJMI-klN1L.JC I-j LJIVIrf -A V T a California corporation,. herein called the Company, Insures the parties named as insured in Schedule A, the heirs, devisees, personal representatives of such insured, or, if a_ corporation, its successors by. dissolution, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys' fees and expenses which the Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the insured shall sustain by reason of the matters numbered 1 to 4 in Part Three of Schedule B of this policy. CLTA -1963 SCHEDULE A STANDARD COVERAGE Insured: CITY OF SAN LUIS OBISPO. Policy No: 80796 -SLO ' Consideration paid for this policy: $ 276.50 A -1 Effective date: August 22, 1968 at :30 A. M.' Amount of liability: $ 0,000.00 The estate or interest in the land described or referred to in this schedule covered by this policy is: a fee Title to the estate or interest. covered by this policy at the date hereof is vested in: CI'T'Y OF SAN LUIS OBISPO, - a municipal corporation. The land referred to in this policy is situated in the State of California, County of San Luis Obispo and is described as follows: Description on Sheet Attached. All that part of Block 10 of the City of San Luis Obispo, in the City of San Luis Obispo, County of San Luis Obispo, State of California, according to map filed for record May 1, 1878 in Book A. at Page 168 of Maps, in the Office of the County Recorder of said County, described as follows: Beginning at a point on the Southerly line of Monterey Street in said City, distant thereon South 530 07' West, 222 feet from the intersection of said Southerly line of Monterey Street, with the center line of Chorro Street and being the Northwest corner of the property conveyed to H. M. Warden by deed dated September 12, 1894 and recorded September 13, 194 in Book 24, at Page 476 of Deeds; thence South 530 07' West along said Southerly line of Monterey Street, 84.5 feet; thence at right angles Southeasterly to the center of San Luis Obispo Creek; thence Northeasterly up the center of said creek to a point in same, where a line drawn at right angles with Monterey Street Southeasterly from the point of beginning would intersect said center line of said creek at said point and at the Southwesterly corner of the lot so conveyed to H. M. Warden, as aforesaid; thence Northwesterly along the Westerly line of said Lot to the Southerly line of Monterey Street and the point of beginning. P -218 -B (G.S.) (Rev. 1 -63) SCHEDULE B This policy does not insure against loss or damage by reason of the matters shown in Parts One and Two of Schedule B. PART ONE: 1. General and special taxes for the fiscal year 1968 -69, now a lien, but not yet due and payable. 0 , P- 216-BB (G.S.) (Rev. 1 -63) SCHEDULE B (Continued) PART TWO: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, 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 THREE: Matters numbered 1 to 4 referred to on the first page of this Policy: 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 Schedule B or 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 executed this policy by its authorized officers, as of the date set forth in .Schedule A, the effective date of this policy. �;���ORPOHATti,'i r O :MARCH. 5.196'2 kOMIR Secretary f ,�il fie eeeeee esesee �_� _ An Authorized Sign ure President P- 218 -ST (G.S.) (Rev. 1 -63) 1. Definition of Terms The following terms when used in this policy mean: (a) "land ": the land described, specifically or by reference, in Schedule A and improvements affixed thereto which by law constitute real property; (b) "public records ": those records which im- part constructive notice of matters relating to said land; (c) "knowledge ": actual knowledge, not con- structive knowledge or notice which may be imputed to the Insured by reason of any public records; (d) "date': the effective date; (e) "mortgage ": mortgage, deed of trust, trust deed, or other security instruments; and (f) "insured": the party or parties named as Insured, and if the owner of the indebtedness se- cured by a mortgage shown in Schedule B is named as an Insured in Schedule A, the Insured shall include (1) each successor in interest in ownership of such indebtedness, (2) any such owner who acquires the estate or interest referred to in this policy by foreclosure, trustee's sale, or other legal manner in satisfaction of said indebtedness, and (3) any federal agency or instrumentality which is an insurer or guarantor under an insurance contract or guaranty insunng or guaranteeing said indebtedness, or any part thereof, whether named as an Insured herein or not, subject otherwise to the provisions hereof. 2. Benefits after Acquisition of Title If an insured owner of the indebtedness secured by a mortgage described in Schedule B acquires said estate or interest, or any part thereof, by fore- closure, trustee's sale, or other legal manner in sat- isfaction of said indebtedness, or any part thereof, or if a federal agency or instrumentality acquires said estate or interest, or any part thereof, as a consequence of an insurance contract or guaranty insuring or guaranteeing the indebtedness secured by a mortgage covered by this policy, or any part thereof, this policy shall continue in force in favor of such Insured, agency or instrumentality, subject to all of the conditions and stipulations hereof. 9. Exclusions from the Coverage of this Policy This policy does not insure against loss or damage by reason of the following: (a) Any law, ordinance or governmental regu- lation (including but not limited to building and zoning ordinances) restricting or regulating or pro- hibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions, or location of an improvement now or hereafter erected on said land, or prohibiting a separation in ownership or a reduction in the dimensions or area of any lot or parcel of land. (b) Governmental rights of police power or emi- nent domain unless notice of the exercise of such rights appears in the public records at the date hereof. (c) Title to any property beyond the lines of the land expressly described in Schedule A, or title to streets, roads, avenues, lanes, ways or waterways on which such land abuts, or the right to maintain therein vaults, tunnels, romps or any other struc- ture or improvement; or any rights or easements therein unless this policy specifically provides that such property, rights or easements are insured, except that if the land abuts upon one or more physically open streets or highways this policy in- sures the ordinary rights of abutting owners for access to one of such streets or highways, unless otherwise excepted or excluded herein. (d) Defects, liens, encumbrances, adverse claims against the title as insured or other matters (1) created, suffered, assumed or agreed to by the Insured claiming loss or damage; or (2) known to the Insured Claimant either at the date of this policy or at the date such Insured Claimant ac- quired an estate or interest insured by this policy and not shown by the public records, unless dis- nsur closure thereof in writing by the Ied shall have been made to the Company prior to the date of this policy; or (3) resulting in no loss to the Insured Claimant; or (4) attaching or created sub- sequent to the date hereof. (e) Loss or damage which would not have been sustained if the Insured were a purchaser or encum- brancer for value without knowledge. 4. Defense and Prosecution of Actions - Notice of Claim to be Given by the Insured (a) The Company, at its own cost and without undue delay shall provide (1) for the defense of the Insured in all litigation consisting of actions or proceedings commenced against the Insured, or de- fenses, restraining orders, or injunctions interposed against a foreclosure or sale of the mortgage and indebtedness covered by this policy or a sale of the estate or interest in said land; or (2) for such action as may be appropriate to establish the title of the estate or interest or the lien of the mort- gage as insured, which litigation or action in any of such events is founded upon an alleged defect , lien or encumbrance insured against by this policy, and may pursue any litigation to final determination in the court of last resort. CONDMONS AND STIPULATIONS (b) In case any such action or proceeding shall be begun, or defense interposed, or in case knowl- edge shall come to the Insured of any claims of title or interest which is adverse to the title of the estate or interest or lien of the mortgage as insured, or which might cause loss or damage for which the Company shall or may be liable by virtue of this policy, or if the Insured shall in ood faith contract to sell the indebtedness secured g by a mortgage covered by this policy, or, if an Insured in good faith leases or contracts to sell, lease or mortgage the same, or if the successful bidder at a fore- closure sale under a mortgage covered by this policy refuses to purchase and in any such event the title to said estate or interest is rejected as un- marketable, the Insured shall notify the Company thereof in writing. If such notice shall not be given to the Company within ten days of the receipt of process or pleadings or if the Insured shall not, in writing, promptly notify the Company of any defect, lien or encumbrance insured against which shall come to the knowledge of the Insured, or if the Insured shall not, in writing, promptly notify the Company of any such rejection by reason of claimed unmarketabnlity of title, then all liability of the Company in regard to the subject matter of such action, proceeding or matter shall cease and let - minate; provided, however, that failure to notily shall in no case prejudice the claim of any Insured unless the Company shall be actually prejudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at its own cost to institute and prosecute any action or pro- ceeding or do any other act which in its opinion may be necessary or desirable to establish the title of the estate or interest or the lien of the mortgage as insured; and the Company may take any appro- priate action under the terms of this policy whether or not it shall be liable thereunder and shall not thereby concede liability or waive any provision of this policy. (d) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the Insured shall secure to it the right to so prosecute or pro- vide defense in such action or proceeding, and all appeals therein, and permit it to use, at its option, the name of the Insured for such purpose. When- ever requested by the Company the Insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement, se- curing evidence, obtaining witnesses, or prosecuting or defending such action or proceeding, and the Company shall reimburse the Insured for any ex- pense so incurred. S. Notice of Loss - Limitation of Action In addition to the notices required under para- groph 4(b), a statement in writing of any loss or damage for which it is claimed the Company is liable under this policy shall be furnished to the Company within sixty days after such loss or dam- age shall have been determined and no right of action shall accrue to the Insured under this policy until thirty days after such statement shall have been furnished, and no recovery shall be had by the Insured under this policy unless action shall be commenced thereon within five years alter ex- piration of said thirty day period. Failure to furnish such statement of loss or damage, or to commence such action within the time hereinbefore specified, shall be a conclusive bar against maintenance by the Insured of any action under this policy. 6. Option to Pay, Settle or Compromise Claims The Company shall have the option to pay or settle or compromise for or in the name of the In- sured any claim insured against or to pay the full amount of this policy, or, in case loss is claimed under this policy by the owner of the indebtedness secured by a mortgage covered by this policy, the Compan shall have the option to purchase said Indebtedness; such purchase, payment or tender of payment of the full amount of this policy, together with all costs, attorneys' fees and expenses which the Company is obligated hereunder to pay, shall terminate all liability of the Company hereunder. In the event, after notice of claim has been given to the Company by the Insured, the Company offers to purchase said indebtedness, the owner of such in- debtedness shall transfer and assign said indebted- ness and the mortgage securing the same to the Company upon payment of the purchase price. T. Payment of Loss (a) The liability of the Company under this pol- icy shall in no case exceed, in all, the actual loss of the Insured and costs and attorneys' fees which the Company may be obligated hereunder to pay. (b) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon the Insured in litigation carried on by the Company for the Insured, and all costs and attor- neys lees in litigation carried on by the Insured with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this policy (1) if the Company, after having received notice of an alleged defect, lien or encumbrance not excepted or excluded here- in removes such defect, lien or encumbrance within a - reasonable time after receipt of such notice, or (2) for liability voluntarily assumed by the Insured in settling any claim or suit without written consent of the Company, or (3) in the event the title is re- jected as unmarketable because of a defect, lien or encumbrance not excepted or excluded in this golicy, until there has been a final determination y a court of competent jurisdiction sustaining such rejection. (d) All payments under this policy, except pay- ments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto and no payment shall be made without. producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company; provided, however, if the owner of an indebtedness secured by a mort- gage shown in Schedule B is an Insured herein then such payments shall not reduce pro tanto the amount of the insurance afforded hereunder as to such Insured, except to the extent that such pay- ments reduce the amount of the indebtedness se- cured by such mortgage. Payment in full by any parson or voluntary satisfaction or release by the Insured of a mortgage covered by this policy shall terminate all liability of the Company to the insured owner of the indebtedness secured by such mort- gage, except as provided in paragraph 2 hereof. (e) When liability has been definitely fixed in accordance with the conditions . of this policy the loss or damage shall be payable within thirty' days thereafter. S. Liability Noncumulative It is expressly understood that the amount of this policy is reduced by any amount the Company may pay under any policy insuring the validity or pri- ority of any mortgage shown or referred to in Schedule B hereof or any mortgage hereafter ex- ecuted by the Insured which is a charge or lien on the estate or interest described or referred to in Schedule A. and the amount so paid shall be deemed a payment to the Insured under this policy. The provisions of this paragraph numbered 8 shall not applyy to an Insured owner of an indebtedness secured by a mortgage shown in Schedule B unless such Insured acquires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 9. Subrogation upon Payment or Settlement Whenever the Company shall have settled a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the In- sured, and it shall be subrogated to and be en- titled to all rights and remedies which the Insured would have had a ainst 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 and remedies in the proportion which said payment bears to the amount of said loss. If loss should result from any act of the Insured, such act shall not void this policy, but the Company, in that event,- shall be required to pay only that part of any losses insured against hereunder which shall exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. The Insured, if requested by the Company, shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right of subrogation, and shall per- mit the Company to use the name of the Insured in any transaction or litigation involving such rights or remedies. If the Insured is the owner of the indebtedness secured by a mortgage covered by this policy, such Insured may release or substitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or release a portion of the estate or interest from the lien of the mortgage, or release any collateral security for the indebtedness, provided such act does not result in any loss of priority of the lien of the mortgage. 10. Policy Entire Contract Any action or actions or rights of action that the Insured may have or may bring against the Com- pany arising out of the status of the lien of the mortgage covered by this policy or the title of the estate or interest insured herein must be based on the provisions of this policy. No provision or condition of this policy can be waived or changed except by writing endorsed hereon or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating officer of the Company. 11. Notices, Where Sent All notices required to be given the Company and any statement in writing required to be turn - isheii the Company shall be addressed to it at the office which issued this policy. 12. THE FEE SPECIFIED ON THE FACE OF THIS POLICY IS THE TOTAL FEE FOR TITLE SEARCH AND EXAMINATION AND FOR TITLE INSURANCE. .l 2 X23 A IA BROAD , ST. u a+ w >o J9.r fS O 1 0 w 50 P I C - - - - -- - -� a I O c m M------- •---= - - = - -� ®---- - - - - -- aN A _P ° O y e O- -kJ.S I 1 . 3 T � ]O - N O �1 I O m �R oa �+ a Z � P rl P m A �O � 9 . N O 2 r_2 O d O -4 w -4 e I L N m - Fi7 - -,uT Ei ,- •�T -JS.ei I _ -__- ayf �� t. > -4 J JS. r re. /r 4,e 2S - n O C m O O m= x ° CHORRO ST, o O � N s0C O to N to I I, 2 y o° ey N W This Plat is for Your aid in locating your land with reference to streets and other aeoup�.�. Plat is believed to be correct, the Company assumes no liability ol Parcels. It is not a survey. While this Y any loss occurring by reason of reliance thereon.- SECURITY TITLE INSURA NCE. COMPANY I VMP Eli • e • • cl • s n • CrQ D` c x o o � lip Z m o '�,° m I IN cl s n o CrQ D` c x o o � lip Z m o '�,° m ED n T Pw In i 0 m D n Z to oN, <_. '• a m Y •r �C a �n' ? o O cr o n m y D' O o p 1 Z L £ ^* mZ w�ao�� IN