|
<br />. :'.
<br />
<br />e
<br />
<br />-
<br />
<br />CONDl'fIONS AND STIPULATIONS
<br />
<br />1. ))cfinilioll8
<br />
<br />The full(lwin~ le\'ms \Vltcn uscd in litis policy mean:
<br />(a) "Iuncl": The Iund described, specifically or by reference, in Schedule A, and improv~menls affixed Ihereto which
<br />by law consl.ilule real property. '
<br />(b) "public reco\'ds": Those records which impart conslruclive notice of malleI'S relaling 10 Ihe land.
<br />(c) "knowledge": Aclual knowledge, not conslruclive knowledge, or notice which may be imputed to the Insured by
<br />reason o( any public records.
<br />(d) "dale": The effective date, including hour if specified.
<br />
<br />2. Exclusiolls from the Coverage of this Policy
<br />
<br />This policy dot's not insure against loss or damage by reason of lite following:
<br />ta) The refusal oE any person 10 purchase, lease or lend money on Ihe land, .
<br />th) Governmenllll righls of policc power or eminent domain unless nolice of Ihe exercise of such righls appears in the
<br />puhlic records al Ihc dale 11I~reof; und the consequences ,of any la\V, ordinance or govern menial regulalion including, but not
<br />limiled 10, buil,ling ami zoning ordinances.
<br />t c) AllY 1.illcll or rights ussel"led by unyolle including, IJllt not limited 10, persons, corporalions, governmentll or olhcr
<br />,:nlilit'!I 10 lilldullll!', or IlIIlIls I'nlllp\'i!'in~ Ihe shore!! or hedll of naviguhle or pel'enllial rivers and slreams, lakcs, IIIIY!', p:IIH!!
<br />"" ""I'IIIl!'. "" III 1111)' 1111111 I'xlc'llIlillf! fl'lI111 Ihll lilw IIf IIl1l/111 IIIW li,l~ III IIIIl lilll: (If vClW~IlIlion III' III lllnllM llllYlIIlI1 IIlIl lillll
<br />IIf ,h,' hllrllllr 11\' hlllkllC'llIl lilll':< 1If1 .~:<llIhlil'lll',1 III' ,'11111'1',1,.1 I,y IIIIY 1~"v"I'1I1111'111. 11\' III lill,~c1.ill IIIIIIIfI, (II" II 1'1 i fil'illl i:<I/l1Il11t
<br />11\' III ripul'ian ri~hll', III" Ihcl righlll 11\' inhm'l'l.11 II( thc SlII'Il "f 'I'mw,1l (lr Ihc pllhlil: gllllel"ally ill 11n: III't:1I t:xlmllling frllnl Ihll
<br />lille of IIIllall low lillc to the Iillc of \'cgelalion or Iheir righl of uecCSS l.herclo, or righl o( cascmcntlllon~ 1111I1 ac:rOl'fI Ihe SIIIIIC.
<br />(cl) Ul'fl'dfl. lil'III1, elll~Ulllhrl\lu:c!l, 1I,lvcrse c1ai\ll1l ugaillSI. the Ii tic as insured or olhcr mallcrs (1) crealetl, sulrc..ed,
<br />IIl'l'llllll',1 11\' aW"IlI' h.I h)' Ihe IlIfllll"ml III Ihc Ilalc nf lhill plllil~y, or (2) kllll\V1I III Ihc Inllurcll ul lite ,llIlc of thill p"lit:Y
<br />1I1l1t~l'!:\ clhwlo!lllrc Ihel'llo( in wriling hy Ihe Insu\'cd shull huve been mude tu Ihc Compuny prior 10 Ihe dllle of Ihis pol illY ;
<br />or Il'l's OJ' tluIIIlIge whieh \Vould not huve been suslaincd if Ihe Insured were u purchaser for value without knowledge; or
<br />Ihe homesleml or communily properly or survivorship rights, if any, of any spouse of an Insured,
<br />
<br />3. J)t.fmlllC or Aclions
<br />
<br />(n) III nil I:n~e!l wherc Ihis polil:Y pJ'o\'idclI fo\' the defense of any nclion or prol:eeding, the Insured shall secure 10 Ihe
<br />Company Ihc right 10 so pl'ovi1lc defcnse ill slIch uclion or procccdill~, alld all appeals Ihercin, alltl permit it 10 usc, al ils
<br />IIplillll. Ihe 11llllll' or Ihe lllslln'd fnr SlIeh pllrposc. Whcllevcr refJlle!\led by the Company, Ihe Insured sholl give Ihe Company
<br />all J'I'lIl'Ollahhl ui,1 in any ~11I:h lwlioll or proeeeclill~, ill efl'CI'I.ing seUlemenl, secllring evidence, ohtaining witncsses, or de.
<br />("IIIlillg Sill'll II1'IiOll OJ' prol:tlcdillg. .
<br />(\J) Thc CompullY shull hLlve Ihe right 10 select counscl o( ils own choice whenever it is required to defend any aclion
<br />or I'l'ol'eCllill~, alUl lmdl counllcl shllll I\uve..{ull control o( lIaicl defcnse.
<br />\ I:) AllY a 1'1 iOIl la~en by..Jh~ f.Q.lnpilllY (or Ihe defense o( Ihe lnllllred or 10 establish Ihe tille as insured, or bOlh, shall
<br />lI11t Itl~ I'ClIll'I rllllll LIS 111I admill!!ioll o( linhililY, lInd Ihe Compony IIhall not thereby be held 10 concede liability or waive any
<br />I'I'0villion of Ihis policy.
<br />
<br />,I,. 1'1l)'lI1tml of LUBs
<br />
<br />(a) Nil "'aim !lhllll ori~e or he mainlllinable \lillieI' Ihis poliry for liabilily volunlarily a!!sumed by Ihc lnllllrcd in
<br />!ll'lIlill~ (111)' dailll or slIi\. willlllllt wl'iUCII COIISCII\. of Ihc COlllpallY.
<br />(h) All 1'")'nll:nI8 lllUII~r Ihis poliey, exccpt I'lIyrnclIlll mude for 1'0sls, IIIIOI'l1CY fccs alld cxpcnscs, shull rcdllCl' Ihc
<br />:III1CIIIIII. I,f IIII' inSII\"l\l1ce 1'1'0 lallto; ami Ihc UIllOlln\. of Ihis poliey !<hull hc rcduced by lIny IIl11nlll1t the CompullY may pay
<br />111,,1"1' allY p"lil'}' ill!<nring Ihe "lIlillil)' or priorily o( allY lion exceplcf\ 10 herein or any instrl1l11cnt herea(lm' cxcl:nl.CII hy the
<br />1"':~III,.1 ",hkh il' :1 ,'hllll\Cl or lil:" "" IIII' Inllll, IInll IIII' 1lI1101l1l1 II" pni" l'hall he ,lc"IIIccln pnymenl, In Ihe IIIfllln~II\II"I(~1' Ihill
<br />1'"I...y,
<br />\I'l TIll' ClllllpallY llhllll IHl\'o ,he oplion 10 pay III' ~l'Illll 01" l'IIIIII"'O,"il'll (or 01' ill 1111: nall1e of Ihe Insllr;.,1 IIllY I':";lIi
<br />ill'lIlt'" lIV':lilll'l hy Ihis p"lil')', 11111\ ~III'h pllYnll'III, or ICllder of pa)'lIIelll. to~ether wilh 1111 c:oIIIII, allorlley fllCS :11111 I'XIIl'IIl1e~
<br />, hid. IIII' COlllpall)' is oltliguWII hCl'l'\IIulc'r In pay, I'hall Icrrnillalc 1111 lillhilily oE Ihc Cllmpany hmc\lluler as 10 sueh l,ia;llI.
<br />hll Ihl'l'~ IIIl' pa}'mcIII. or Icnder o( pa}'lIIcnt o( Ihe filII IIInOlllll n( Ihis policy hy Ihe Company sholl tcrminlllt' ..II iinllllity
<br />"f Ihe COIIIl'allY IInclcr this policy.
<br />I d) WI"'IIC\'CI' the Company shall hllve sCllled a duilll nlldCl' litis policy, ull righl of sIIbrogulion shall vesl in Iltc ('nll1'
<br />pall)' lI11nITI'I'!l'II hy lIny 111'1. or the Insurcd, and it IIhall he sIIJ.,ro~all:d 10 and be enlillcd 10 011 righls (lnd remedies of Ihe
<br />IlIl'lI...,,1 IIgaill~1. IIIlY pCl 1'1111I I 01" properly in rCflpcd 10 slII:h dllim. 'I'hc~ 111!1uretl, i( reqllClll.ed hy Ihe Company, !lhull I,rllll!\(cr
<br />III IIII' ClIlIIpllllY 1111 righlll 1111I1 remedic!\ agllinlll any persoll or I'l'flperly neee!lllary ill urcler 10 pcrfm:l lllll'h right of 1'11111'0'
<br />~alioll, 1I11c1 !lhllll permit Ihe Company 10 IIse Ihe lIame of thr. Inllurccl in any Iransadion or \iti~alioll involving SU"'I ri~ltls
<br />nl" I'c'lIIc,lics.
<br />
<br />5. Pulit')' Enlil'c Conlruet
<br />
<br />AllY uI:tinn, ac:lions or righls of ac:lion thotlhe I~l'sured may hllVC, or may bring, against Ihe Company, arisin~ oul o( the
<br />I'lalllll uf Ihe litle insured hereundcr, must be hascd on Ihe provision!l o( Ihis policy, alld ull 1,Iotices required to be !;iven the
<br />C:ompllllY, IIncI IIIIY slalemcnt in wriling required 10 he furni!lhed lite Compl1ny, shull be addressed to it atlhe oiTIt~e which
<br />ifl!'lI,..1 Ihifl puli,'y or 10, illl 1I0me OiTIce, 136t1,O Hoscoe Boulevard, Panorama Cily, CaliCornia 91409. '
<br />
<br />h. 'B'hi.. ItuUt')' 1M nC:J:llrlllltl(.~rllhle.
<br />
<br />'I'. I, ()wner 'fexIIB HeY 3-1-76
<br />
<br />, I
<br />
|