HomeMy WebLinkAboutD-884 Johnson Avenue At Ella Street Widening Recorded 12/20/1972RECORpING. REQUESTED BY:
RMST RICAN TITLE INSURAN
i- _ O;!-r No.
Escrow No. SLO 783o6o Ms
Loan No.
WHEN RECORDED MAIL TO:
City Of -San Luis Obispq
c/o A. J. Shaw, Jr., City Attorney
990'Palm Street
San Luis Obispo, Ca. 93401
10M 414G71
OFI?ICIAL RECORDS
SAN LUIS OBISPO CO., CALIF.
WILLIAM E. ZIMARIK,
COUNTY RECORDER
MAY 5 1972
o#5171' 5r` E00005.00
o7811E 5e4 E00005.00FA
SPACE ABOVE THIS.LINE FOR RECORDER'S USE
MAIL TAX STATEMENTS T0: DOCUMENTARY TRANSFER TAX
...... Computed on the consideration or value of'property conveyed; OR
...... Computed on the consideration or value less liens or encumbrances
City - Same as above remaining at time of sale.
Signfiture of Declarant gyAgent determining tax — Firm Name
for -First American Title Insurance Co.
GRANT DEED
FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,
HELEN M. HATHWAY, a widow, and ETHEL M. GARDINER, a widow
hereby GRANT(S) to
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
That portion of Block 5 of the Deleissiguez Addition, a map of said addition being
on file in Book "A" of Maps page 96, San Luis Obispo County Records, beginning at
the Southwest corner of Johnson Avenue and Ella Street as shown on above said map,
thence South 36° 22' East along the Westerly property line of Johnson Avenue, a
distance of 171-32 feet to the corner common to lots 18 and 19, Block 5, thence
South 53° 38' West along said line a distance of 5.81 feet to a point, thence North
360 42' 20" West a distance of 161.38 feet to a point, thence along a curve concave
to the left, tangent to the last described line, with a radius of 10 feet for a
length of 15.65 feet through an angle of 89 °. 3911.40-to a point on the Southerly
line of'Elln Street, thence North 53° 38' East along the Southerly property of Ella
Street a distance of 16.76 feet to the point of beginning.
Dated March 14, 1972
STATE OF CALIFORNIA 1
COUNTY OF 1 ss
San Luis•Obispo 1
1
On March 28, 1972
before me, the undersigned, a Notary Public in and for said
State, personally appeared HELEN M. ELATHWAY and
ETI EL M GARDINER
known to me to be the person _S__ whose name G AM
subscribed to the within instrument and acknowledged that
they . executed the same.
WITNESS my haaB and official seal.
H l�.iathr
V . GCOir/
Ethel M. Gar ner
GEORGIA L FANT
NOTARY PUBLIC
SAN LUIS OBISPO COUNTY
CALIFORNIA
My Commission Expires February 7, 1976
RECR
1-4
)PIS
C1
i e
Signature (This area for official notarial seal)
orgia E. Fant
1002 (10/69)
MAIL TAX STATEMENTS AS DIRECTED ABOVE . VOL 16 F`� 1 '] PAGE254j)qg
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RESOLUTION NO. 2254 (1971 Series)
A R ESOLUTION BY THE CITY COUNCIL OF THE CITY OF
SAN LUIS OBISPO FINDING AND Di TERNMING THAT THE
PUBLIC INTEREST AND NECESSITY REQUIRE THE
CONSTRUCTION AND WIDENING OF JOHNSON AVENUE
AND THAT A PERMANENT EASEi.MNT ACROSS A PORTION
OF THE PARCEL OF REAL PROPI i,TY LOCATED AT 2005
JOHNSON AVENUE MUST BE ACQUIRED THEREFOR.
BE IT RESOLVED by the Council of the City of San Luis Obispo as follows:
The public interest and necessity require the construction, improvement and
widening of a portion of Johnson Avenue and, in connection therewith, the acquisition of
a permanent easement for public street purposes across a portion of the real property
located generally at 2005 Johnson Avenue, in the City of San Luis Obispo, the said portion
of which is more particularly described as follows:
M
That portion of Block 5 of the Deleissiguez Addition, a map of said addition '
being on file in Book. "A" of lNaps page 96, San Luis Obispo County Records,
beginning at the Southwest corner of Johnson Avenue and Ella Street as shown
on above said map, thence S 360 22' E along tle 'Westerly property line of
Johnson Avenue a distance of 171.32 feet to the corner common to lots 18 and
19, Block 5, thence S 530 38' W along said line a distance of 5.81 feet to a
point, thence N 36° 42' 20" CI a distance of 161.38 feet to a point, thence alon
a curve concave to. the left, tangent to the last described line, with a radius of
10 feet for a length of 15.65 feet through an angle of 290 39' 40" to a point on
the Southerly line of Ella Street, thence North 530 38' E along the Southerly
property of Ella Street a distance of 16.76 feet to. the point of beginning.
The City Attorney is hereby authorized and directed to commence proceedings in
eminent domain against all owners of said real property, and any and all claimants of
an interest therein, for the acquisition of a permanent easement for public street purposes
as aforesaid.
On motion of Councilman Blake , seconded by Councilman Brown , and on
the following roll call vote:
AYES: Councilmen Blake, Brown, Graham and i,iayor Schwartz
NOES: Councilman Gurnee
ABSENT: None
the foregoing Resolution was duly passed and adopted this 20th day of December
1971.
ATTEST:
Clerk
O
N
OL1667 mu255
0
I, J. H. FITZPATRICK, the duly appointed, 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 N0. 2254 (19 71 Series),
passed and adopted on the 20th day of December ,
19 71, by the City Council of the City of San Luis Obispo.
WITNESS my hand and the seal of the City of San Luis
Obispo this 20th day of December , :19,71.
00. . _,3pZPATRICK
CITY RK
END OF 019CUMEM
VOL 1667 PAGE 256
Is"
N
IMOORTANT NOTICE
HOMEOWNERS VETERANS
If you are the owner and occupant of any single- Although you may qualify for the Veteran's Exemp-
family dwelling, condominium, or duplex in Califor -, tion and the Homeowner's Property Tax Exemption
nia on March 1st you may be eligible for a Home2 both exemptions may not be applied to the same
owner's tax exemption. Claims for the Homeowner's property. Your Veteran's Exemption may be claimed
Property Tax Exemption will be made available by on any real or personal taxable property, other than
the your principal place of residence when a Home -
the County Assessor and must be filed with
Assessor between March 1st and April 15th annually. owners Property Tax Exemption has been
Claims for Veterans Exemption will be made avail-
able avail -
avail-
able by the County Assessor and must be filed with
the, Assessor between March 1st and April 15th an-
nually.
Direct all inquiries concerning property tax exemptions in San Luis Obispo County to:
JOE WARNAGIERIS, County Assessor
Room 100, Courthouse f San Luis Obispo, California 93401 + Telephone 543 -1550, Ext. 293
fz•a•aa ASSESSOR
IMPORTANT NOTICE
ATTENTION: NEW PROPM '��7WNERS
This enclosure is mailed with your recorded deed for the purpose of informing
you of certain facts regarding the payment of taxes on the_ property:
1. Tax bills are issued the latter port of October: if not received by
November 10th, communicate with the Tax Collector's Office im-
mediately.
2 Property has been assessed to owner of record as of March lien date,
preceding tax-due date.. First installment due November 1 st—Delin - quent December 10th. Second installment due an the following Feb-
ruary Ist--4)elinquent April 10th. Both installments may be paid at
the time first installment is.paid.. (BE SURE THAT SECOND IN
STALLMENT IS PAID, if due).
ATTENTION: ALL PROPERTY OWNERS
Your coned address is of vital importance, and any change should be
brought to the attention of the County Assessor.
To have future tax bills mailed to you, PLEASE FILL OUT THE REVERSE
SIDE OF THIS CARD AND FORWARD without delay to:
JOE WARNAGIERIS, County Assessor
Rev. 9-67 SAN Luis OBISPO, CALIFORNIA
JOE WARNAGIERIS,.County Assessor
Courthouse
SAN Luis OBISPO, CALIFORNIA
93401
FOR PERMANENT CHANGE OF MAILING- .ADDRESS ONLY — PLEASE PRINT OR TYPE INFORMATION
PARCEL NUMBER or DESCRIPTION:
PREVIOUS OWNER
PRESENT OWNER
PERMANENT MAILING ADDRESS
OWNER'S
SIGNATURE Rev. 6-66
47
1,
-. Cailfornia Land Title Association
Standard Coverage Policy Form
.•'r,-"�;!ZoPyright 1963
1�-$1 AMER.1 C.1
POLICY OF TITLE, INSURANCE
ISSUED BY
ti" � � -�
First American Title Insurance Company
FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, herein called the Company, for a
valuable consideration paid for this policy, the number, the effective date, and amount of which are shown in Schedule
A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured,
or if a corporation, its successors by dissolution, merger or 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:
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 C, existing
at the date hereof, not shown or referred to in Schedule B or excluded from
coverage in Schedule B or in the Conditions and Stipulations; or
2. Unmarketability of such title; or
3. Any defect in the execution of any mortgage shown in Schedule B securing
an indebtedness, the owner of which is named as 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 Conditions and Stipulations hereto annexed, which
Conditions and Stipulations, together with Schedules A, B, and C are hereby made
a part of this policy.
In Witness Whereof, First American Title Insurance Company has caused its corporate name and seal to be hereunto
affixed by its duly authorized officers, on the date shown in Schedule A.
SEPTEMBER 24, b
6 '• 1968 .� �
Ifa4m �A(1 F R
$ 291215
First American Title Insurance Company
By PRESIDENT
ATTEST (�'a+ SECRETARY
'Form No. 1084 -2 b ,
California Land Title Association '
Standard Coverage Policy Form
Copyright 1963
SCHEDULE A
Total Fee for Title Search, Examination
and Title Insurance $ 78.40
Amount $ 9,000, 00 Policy No. SLO 783060 MS
Effective Date May 5e 1972 at 3:25 P.M.
Insured
CITY OF SAN LUIS OBISPO
1. Title to the estate or interest covered by this policy at the date hereof is vested in:
City of San Luis Obispo
A Municipal Corporation
2. The estate or interest in the land described or referred to in Schedule C covered by this policy is:
A Fee
Y
Form No. 10843
California Land Title Association
Standard Coverage Policy Form
Copyright 1963
SLO 783060 M,S
SCHEDULE B
This policy does not insure against loss or damage by reason of the matters shown in parts one and two following:
Part One:
1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the public records.
2. Any facts, rights, interests, or claims which are not shown by the public records but which could be
ascertained by an inspection of said land or by making inquiry of persons in possession thereof.
3. Easements, claims of easement or encumbrances which are not shown by the public records.
4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose.
5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance
thereof; water rights, claims or title to water.
Part Two:
1. Taxes for the fiscal year 1972 -73, a lien not yet due or payable.
v
Form No. 1056-0
All Policy Forms _
SCHEDULE C SLO 783060 MS
The land referred to in this policy is situated in the State of California County
of San Luis Obispo and is described as follows:
That portion of Block 5 of the Deleissiquez Addition, a map of said addition
being on file in Book "A" of Maps, page 96, San Luis Obispo County Records.
Beginning at the Southwest corner of Johnson Avenue and Ella Street as
shown on above said map; thence South 360 22' East along the Westerly
property line of Johnson Avenue, a distance of 171.32 feet to the corner
common to Lots 18 and 19, Block 5; thence South 530 38' West along said line
a distance of 5.81 feet to a point; thence North 360 42' 20" West, a distance
of 161.38 feet to a point; thence along a curve concave to the left, tangent
to the last described line, with a radius of 10 feet for a length of 15.65
feet through an angle of 890 39' 40" to a point on the Southerly line of
Ella Street; thence North 53° 38' East along the Southerly property of Ella
Street, a distance of 16.76 feet to the point of beginning.
i
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California Land Tkla Association
Standard Coverage Polity Form
1963
Farm 1
1. DEFnfma+ OF TERMS
The following terms when used in this policy
(a) °land": the lend deserlbad, or
whi
by rafaw law Constitute
is S st and law improvemmte
thereto n bbyy real progeny
(b) 'bUb]io accords °: those seconds Lon ich im-
1 txmrtsactive notice of matters relating to said
"knowledge": �rrotice which e6 not con-
knowledge
by reason of any public records;
deed. or other security instruments; deed �R bud
(f) IUSmed"i the party or parties named as
insured. and ff by mortgage shown in Schedule B is earned as an
Insured in Schedule A, the Insured shall include (1)
each wermm, in intent in ownership of such in-
debtedeess, (2) any each owner who acquires the
estate or interest referred to in this policy by fore -
down, troatee's rate or other legal manner in satis-
faction
of said indebtedness, and (3) any federal
agency or in abnM elity which b an insurer or guar -
anmz Under an Insurance contract or guaranty instrr-
ing or guaranteeing sod mdehtemtess or any part
thereof, whether named as an Insured herein or not,
subject otherwise to the provisions hereof.
Z BENEFITS AFTER ACQUISITION OF TITLE
If an insured owner of the indebtedness secured by
a mortgage described in Schedule B ecquim said
estate or interest, or any Part thereof. by foreclosure.
trustee's sale or other legal mamur in satisfaction
of said indebtedness+. or my part thereof. or if a
federal agency or instrumentality acquires said estate
or interest, or any part thereof, as a consequence of
an fosurame contract or guaranty insuring or guaran-
t�o� me indebtedness second a mortgage cov-
'erdl by fhb polity es my pert this policcyy
shall sm Lin tom m favor of suPh Iasure4
aaggeennccyy or matrumeatality, Ribket m all of the can -
ditions and stipulations hereof.
i EXCLUSIONS FROM THE COVERAGE
OF THIS POLICY
This policy does not insure against loss or damage
by mama ul the following:
(a d law, ordinsace or governmental din and
lotion including but ant limited m building and
MWf g ordinances) cy, uetloB n re gulating or pm-
Iti regu the occupancy. use or enjoyment of the bred,
OT my improvement the character, dim err. to location
said
of any improvement now or.hereafte erected on said
land, or pmhtbiting ¢separation in ownershiP or a
reduction in the dim ores or ere& of my lot or
Parcel of land.
(b) Governmental rights of police power or
eminent 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 lives of
the land expressly described in Schedule C, or title
to streets, roads avenues, Imes ways or waterways
on which such land abuts, or the right to maintain
therein vaults. tunnels, ramps or any other structure
or improvement; or any rights or easements therein
unless this policy specifcally pmvrdes that such
Property, rights or easements are insured, except that
if the land abuts upon one or more physically open
streeb or highways this policy insures the ordinary
sights of abutting owners for access m me of su
streeb or highways, unless otherwise excepted or
excluded bemire.
(d) Defects, liens, encumbrances, adverse
claims against the title as insured or other matters
((1) seated, smffered, assumed or agreed to by the
]neared claiming loss or damage or (2)) known m
the Insured Claimant either at the data of thb policy
or at the dam such Insured Claimant acquired an
estate or interest insured by this policy sort shown
by the ppuublic records, unless disclosure thereof in
writing by the Insured shall have been made m the
Company .yrior m the date of this policy: or (3 )
resulting fn no loss to the Insured Claimant; ( ).
attaching or created subsequent to the date hereof
(e) Loss or damage which would an have been
sustained if the Insured were a purchaser or encum-
brancer for value without knowledge.
(t) Any "consumer credit protection,"
"truth in lending" or similar taw.
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 pro-
ceedings commenced against the Insured. or defenses.
restraining orders, or injunctions interposed against
a foreclosure or sale of the mortgage and indebted -
ness covered by this policy or a sale of the estate or
interns in said land; or (2) for such action as may
be appropriate m establish the title of the estate or
interest or the lien of the mortgage as insured, which
litigation or action in my of such events is founded
CONDITIONS AND STIPULATIONS
Upon m d defeo6 Ilea or encumbrance insured
against by Ibis policy, and may pupae any litigation
m final determination in the court of last tesort.
(b) In case any such action or proceeding shall
be be or defense interposed, or in case knowl-
edge shall came to the Insured of any claims of title
or intent 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 good faith contract
to s& the indebtedness secured by a mortgage env -
end by this policy. or if an Insured in good faith
lease or contracts m sell, lease or mortgage the same.
or if the successful bidder at a foreclosure sale under
a mortgage covered by this pullry refuses to purchase
and in any such event the ti tle to said estate or
interest is rejected w u— arketable, 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 cwt. in writing, promptly notify the Company
of Bay 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 mmarketability of title. then all liability of
the Company in regard to the sub act matter of such
action, proceeding or matter shall cease and tenw-
rate; provided, however, that failure to notify shall
is no case prejudice the Plains of any Insured unless
the Company shall be actually prejudiced by such
failure and then only to the extent o such prejudice.
(c) The Company shall have the right at its
own cost to institute and prosecute any action or
proceeding or do my other act which in its opinion
may be necessary or desirable to establish the title
of the estate or interest or the lim 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 my 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 provide
defense in such action or pruc se 'ding, and ell 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 give the Company
all reasonable aid in my such action or proceeding,
in effecting settlement, securing evidence, obtaining
wimesses, or prosecuting or defending such action
or proceeding, and the Company shall reimburse the
Insured for any expense so incurred.
S. NOTICE OF LOS"IMITATION OF ACTION
In addition to the notices required under para-
graph 4(b), a statement in writing of any loss or
damage ffor which it is claimed the Company is liable
under this policy shall be furnished to the Company
within sixty days after such loss.or damage shall have
hem determined and no right of action shall acme
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 after expiration 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 my action
under this policy.
6. OPTION TO PAT, SETTLE OR
COMPROMISE CLAIMS
The Company shall have the option to pay or settle
or compromise for or in the name of the Insured my
claim msand against or to pay the full amount of
this policy, or, in now loss is claimed under this
policy by the owner of the indebtedness secured by
a mortgage covered by this policy, the Company 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 casts, attor-
neys fees and expenses which the Company is obli-
gated hereunder to pay shall terminate all liability
of the Company hereunder. In the event, after notice
of claim has been givm to the Company by the
Insured, the Company offers m purchase said in-
debtedness, the owner of such indebtedness shall
transfer and assign said indebtedness and the mort-
gage meaning the same on the Company upon pay-
ment of the purchase price.
7. PAYMENT OF LOSS
(a) The liability of the Company under this
policy shall in no case expend, in all, the actual less
of the Ensued and costs and attorneys' fees which the
Company may be obligated hereunder to pay.
(b) The Company will pay, in addition to my
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 attorneys'
fees in litigation carried on by the Insured with the
written authorization of the Company.
ONO Claim for damages shell arise or be
main mi NO Bader this pulley (1) IF the Company,
after having received of an alleged ddeet, lien
or encumbrance not excepted or excluded berdh re-
moves such defect. lien or --h u nce within a
reasonable time after receipt of Rich notice, or (2)
for liability voluntarily assumed by the Insured in
settling any claim or suit without written consent of
the Coverpm ,or (3) in the event the title b rejected
as uomerketable been, of a defect, lien or encum-
brance not excepted or excluded in this policy, now
time has been a final determination by a court of
competent jurisdiction sustaining such reject ton.
(d) All payments Dade this pulley, mtcept pay-
ments made for costs, attorneys' fees and expenses:
shall reduce the amount of the insurance pro mum
and ns payment shall be made without producing
this policy for endotrement of each payment unless
the policy be lost or d, in which ease proof
of such fors or destruction shall be furnished to the
satisfaction of the Cotepany;� provided. however, if
the owner of an indebtednea secured by a mortgage
shown in Schedule B is an Insured herein then such
payments shall not reduce pro Lento the amount of
the insurance afforded hereunder as to such Insured,
except to the extent that such payments reduce the
amount of the indebtedness secured by such mort-
gage. Payment in full by any person or voluntary
satisfaction or release by the Insured of a mortgage
covered by this policy shell terminate all liability of
the C anpany to the insured owner of the indebted-
ness secured by so& mortgage. except as provided
in paragmpph 2 hereof.
(e) When liability has bum definitely fixed in
accordance with the conditions of this Policy the lose
or damage shall be payable within thirty days there-
after.
8. LIABILITY NONCUMULATIVE
It is expressly understood that the amount of this
policy is reduced by any amount the Company may
pay under my policy insuring the validity or pri-
ority of any mortgage shown or referred in m Sched-
ule B hereof or my mortgage hereafter executed by
the Insured which is a charge or her an the estate
or interest described or referred to in Schedule M
and the amount an paid shall be deemed a Payment
to the Insured under this liey. The provisions of
this paragraph numbered B shall not apply to an
Insured owner of an indebtedness secured by a mort-
gage shown in Schedule B unless such Insured ac-
quires title to said estate or interest in satisfaction
Of said indebtedness or my part thereof.
9. SUBROGATION UPON PAYMENT
OR SETTLEMENT
Whenever the Company shall have settled a claim
ander this policy, all right of subrogation shall vest
in the Company unaffected by any act of the
and it shall be subrogated to and be entitled to all
rights and remedies which the Insured would have
had against my person or property in respect m 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 bean 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 he required to
pay only that part of any losses insured against here-
under which shall exceed the amount, if any, lost to
the Company by ranson 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 neces-
sary in order to perfect such right of subrogation, and
shall permit the Company to use the name of the
Insured in my transaction or litigation involving
such rights or remedies.
If the Insured is the owner of the indebtedness
secured by a mortgage covered by this pony such
Insured may release or substitute the personal hzil-
ity of my debtor or guarantor, or extend or otherwise
modify the terms of payment, or release a portion of
the estate or intent from the lien of the mortgage,
or release my collateral security for the indebted-
ness. 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 C napany
arising bt of the status of the lien of the mortgage
ar
Y policy or the title of the estate or
interest insured herein must be based an the provi-
sions of this policy.
No or condition of this policy can be
waiv oed ed except by writing endorsed hereon
or attached hereto signed by the President. a Vice
President. the Secretary, an Assistant Secretary or
other validating offiPer of the Company.
it. NOTICES, WHERE SENT
All notices required to oe given the Company
and anv statement in writing required to be fur-
nished the Company shall be addressed to it at its
home office at 421 North Main Street, Saner Ana,
California, nr to the office which issued this policy.
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