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HomeMy WebLinkAboutA3502 - DESERT EQUITABLE ENCROACHMENT 950 N INDIAN APN 507-151-009 TM 28062 R18558 RECEIVE100FOSR543E ORD AT8:00 CYCLOCK ` FREE RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: ���� � \� Y��� ~,. ~ � ~ w�� cli �` J ' �50CD cv / Fmw* `- ���� (�nz �eoozd�r' a TJoe'�o��� ��� a-E mc u LO wZ ENCROACHMENT LICENSE * 2: 00 S- o 00 mm � � m m THIS ENCROACHMENT LICENSE (tbn "License") is entered into this 31st day of mwuZ 0�c |- Co '+ January, 1995, by and between DNGEor EQUITABLE REALTY, INC., A CALIFODNI.A. CORPORATION ' ("Licensee") and the CITY OF PALM SPRINGS, a municipal cozDoratinc ("City") . ; A. Licouucn is the owner of that certain real property located in the City of Palm Springs, of Riverside, State of California as 950 North Indian Canyon Drive, <ApN 507-151-009> , more particularly depicted on Exhibit "A" attached hereto and incorporated herein by reference ("Licensee Property") . B. City is the owner of certain fee and/or easement interests in that certain real property located in the City of Palm Springs, County of Riverside, State of California adjacent to the Applicant Property and more DaztionInrll' depicted on Exhibit oB» ("City Property") . C. Licensee desires to construct a(u) pnzte noobeze which will ooczuacb � on the Citl, property in the location depicted on Exhibit wBm attached hereto and incorporated herein by reference (the «Duoroaobmnot») . D. City has agreed to grant to Licensee an encroachment permit (''Permit") for the CoozoaohmnuL in accordance with Chapter 14 .16 of the City of Palm Springs Municipal Code on the condition that Licensee executes this License. NOW ?BDV8FOR8, the parties hereto agree as follows: 1.0 License. The CiLl, hereby grants a License to Lioeoonx to construct the Encroachment upon all of the terms and conditions of the Permit and this License. 2 .0 Commencement of Construction. Licensee shall commence the construction ofthe Encroachment within areasonable amount of time, in no event to exceed ninety (90) days following the execution date of this License. Before beginning any physical work on the Encroachment, Licensee shall notify the city that will be commenced, at least tmooil'-±ouz (24) hours prior to nonmzeoocmoot of such work. Licensee shall also notify the 2ity upon completion of the Duornaobmoot. 3 .0 Construction ofEncroachment. Any structure placed pursuant to this License shall be constructed in o careful and workmanlike mauucz and in accordance with plans and specifications to be submitted to and approved by the City of Palm Springs Department of Building and Safety before Licensee ononueoneo performance of any work ooLicensee commences performance of any work on Licensee Property. 4. Maintenance. Lionunoe shall have the right and obligation to maintain, repair and replace, at its ono cost and ezDeoan, the Doczoaobmoot so as to beep the Encroachment area in o neat, clean, first nluoo condition and in good order and repair, free of tzuob and debris at all times. Licensee shall have access across the Citl, Property at all times while the License is in effect solely for the purposes as noted in Section 3. In the event that Licensee dnno not maintain the 800zouobmeut as required herein, the City will have the option to either (i) terminate the License as more particularly provided in Section ? or, (ii) after giving Licensee reasonable notice, to make such repairs or perform such maintenance as is required. If City performs the required repairs and/or maintenance, City will submit ahilI to Licensee who will promptly reimburse City for such work performed. 5. Erection and Maintenance of Safety Provisions. Licensee shall, in cuuucotioo with the construction and maintenance of the Encroachment, provide, erect, and maintain such lights, barriers, warning signs or other safeguards as are reasonably oen000url/ to protect anyone utilizing the Citl, Property for whatever reason. In the event that the City determines that suitable safeguards are not being provided, the City may, after reasonable notice to Licensee, provide, erect and maintain such safeguards. If the City provides the safeguards .'in � �'r� _ „�., ,, ,,;i; �. , '.�,:`. . ., ,,. . , ,, ., A — _ � . 108532 pursuant to this Paragraph 5, City shall submit a bill to Licensee, and Licensee shall immediately reimburse City for such work performed. 6 . Indemnity. Licensee hereby agrees to indemnify and defend the City, its officers, agents and employees against and to hold and save each of them harmless from, any and all actions, suits, claims, damages to persons or property, losses, costs, penalties„ obligations, errors, omissions or liabilities (collectively "claims or liabilities") that may be asserted or claimed by any person, firm or entity arising out of or in connection with the location, construction, maintenance, relocation or removal of the Encroachment, but excluding such claims or liabilities arising from the sole negligence or willful misconduct of the City, its officers, agents or employees, who are directly responsible to City, and in connection therewith: (a) Licensee will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys' fees incurred in connection therewith; (b) Licensee will promptly pay any judgment rendered against the City, its officers, agents or employees for any such claims or liabilities and Licensee agrees to save and hold the City, its officers, agents and employees harmless therefrom; (c) In the event the City, its officers, agents or employees is made a party to any action or proceeding filed or prosecuted against Licensee for such damages or other claims arising out of the location, construction, maintenance, relocation or removal of the Encroachment, Licensee agrees to pay the City, its officers, agents or employees, any and all costs and expenses incurred by the City, its officers, agents or employees in such action or proceeding, including, but not limited to, legal costs and attorneys fees . 7. Covenants Running With the Land. The covenants and restrictions by Licensee set forth in this License: (a) are made for the direct benefit of the City Property; (b) will constitute covenants running with the land and equitable servitudes; (c) will bind Licensee and every person having any fee, leasehold or other interest in any portion of the Licensee Property at any time or from time to time; and (d) will inure to the benefit of the City and every person having any fee, leasehold or other interest in the City Property at any time or from time to time. 8 . Insurance. 8.1 Insurance Requirement. During the entire term of this License, Licensee agrees to procure and maintain public liability and property damage insurance, at its sole expense, in an amount not less than ONE MILLION DOLLARS ($1, 000, 000) combined single limit, insuring against all liability of Licensee and its authorized representatives arising out of and in connection with the Encroachment or Licensee' s use of the Encroachment. Such public liability and property damage insurance shall also provide for and protect the Licensor against incurring any legal cost in defending claims for alleged loss. 8 .2 Primary Policy; Additional Insured. All such insurance as required by this Section 6 shall be primary insurance and shall name the City as additional insured. 8 .3 Insurance Increase. Not more frequently than one (1) time every three (3) years, if, in the opinion of the City Manager or the City's insurance broker, the amount of public liability and property damage insurance coverage at that time is not adequate, the City Manager may require modifications to this coverage. B.4 Insurance Company. All insurance required under this Section 8 shall be issued by an insurance company authorized to do business in the State California, with a financial rating of at least A-3A status as rated in the most recent edition of Best's Insurance Reports or such comparable report should Best's Insurance Reports no longer be available. 8 .5 Modification or Cancellation of Policy. All insurance required pursuant to this Section 8 shall contain an endorsement requiring thirty (30) days written notice from the insurance company to both parties before cancellation or change in the coverage, scope, or amount of any policy. Each policy, or a certificate of the policy, together with evidence of the payment of premiums, shall be deposited by Licensee with the City at the commencement of the term, and on a renewal policy not less than twenty (20) days before expiration of the term of the policy. 9. Termination. This License is terminable at such time when the City reasonably determines that the City Property or any part thereof will be used for a purpose which is nonconductive to the Encroachment, including but not limited C:\NP51\DOCUMENT\AGR\ENCROACH • 108532 to, construction, reconstruction or maintenance of the City Property. Upon making such determination, City shall give notice to Licensee that the License is thereby terminated (the "Termination Notice") . Upon termination of the Encroachment, Licensee shall remove the Encroachment and restore the City Property to its former condition, at Licensee' s sole cost and expense, within ninety (90) days following the Termination Notice. In the event Licensee fails to remove the Encroachment and restore the City Property within said time period, the City shall have the right to do so without notice to the Licensee by the City. Licensee shall immediately reimburse the City for all out of pocket expenses which were expended in order to remove the encroachment and restore the City Property. Said amounts shall accrue interest from the date expended by the City at the maximum legal rate of interest. 10. Notices. Any notice, demand, request, document, consent, approval, or communication either party desires or is required to be given under the provisions of this License shall be in writing and either served personally or sent prepaid, first-class mail to the following address: To City: City of Palm Springs PO Box 2743 Palm Springs, CA 92263-2743 Attn: Douglas R. Evans Director of Planning and Building With Copy to: Rutan & Tucker Post Office Box 1950 Costa Mesa, CA 92628-1950 Attn: David J. Aleshire, Esq. Licensee: Desert Equitable C/O Mr. Joel Camel 20355 NE 34th Court Penthouse 2725 Aventura, FL 33180 Either party may change its address from time to time by notifying the other party of the change of address in writing. Notice shall be deemed communicated at the time personally delivered or in seventy-two (72) hours from the time of mailing if mailed pursuant to this Section 10. 11. Attorneys Fees. In any action between the parties hereto seeking enforcement of this License, or in connection with the License or the Permit, the prevailing party in such action shall be entitled to have and to recover from the other party its reasonable attorneys' fees and other reasonable expenses in connection with such action or proceeding in addition to its recoverable court costs. 12. Successors and Assigns. All rights and obligations created by this License shall be appurtenant to and shall run with the License Property and the City Property and each part thereof and interest thereon, and shall be binding upon the owners of the Licensee Property and its respective successors and assigns acquiring any right, title and interest in the Licensee Property. 13 . Amendment or Modification. This License may not be modified or amended except by written agreement executed by the then-owner of the Licensee Property and the City Property and recorded in the Office of the County Recorder, County of Riverside, California. 14. Governing Law. This License shall be governed by and construed in accordance with the laws of the State of California. 15. Severability. The invalidity or unenforceability of any provision of this License with respect to a particular party or set of circumstances shall not in any way affect the validity and enforceability of any other provision hereof or the same provision when applied to another party or to a different set of circumstances. 16. Recordation. This License shall be recorded in the Office of the County Recorder, Riverside County,. California, and it shall serve as notice to all parties succeeding to the interest of Licensee or the city that their use of the Licensee Property and the City Property shall be benefitted and/or restricted in the manner herein described. 17. Counterparts. This License may be executed in any number of counter parts, each of which shall constitute an original. C:\WP51\DOCUMENT\AGR\ENCROACH 108532 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above. "LICENSEE" By: DESERT EQUITABLE REALTY, INC. , A CALIF�NIA CORPORATIO"N PresAen / ATTEST: (,,.:(�y., � CITY _ _ ALM S, a unicipal dorpo 0 "—� Byy__ By: Ci-t Clerk City-ManaTer APPROVED AS TO FORM: Rutan & Tucker Clty A for =y APPROVED BY CITY COUNCIL: By: Its: Resolution No. : STATE OF CALIFORNIA) SS. COUNTY OF RIVERSIDE) nn, r� d n On\� Y`pn '7D, Mq s before me,QeA..,i�•T `x .�;A.,C.W date (� �u Notary Public, personally appeared '•.-kts --�"r\ , - ❑ •pe-r-ssaalJ"y-=knaw€*= ca._eme OR D proved 00 me on the basis of sat is£actory evidence to be the personty whose name(AJ isJ4r-a subscribed to the within instrument and acknowledged to me that he/s4e ?y executed the same in his/he-r/t-he-i-r v °� unZ�' ) authorized ca acit y / PAR �fBA P401� 'fl p y(�s) , and that b i96- • rsi natureFs-) on the instrument the erson(s.) , or the Camm.LII.waM1 g P�OTARYPURUC-cALIFOHNAentity upon behalf of which the person(•s) acted, RiscrJACGounty 1&;2executed the instrument. 1,iy Camm,CwIrn I,ap 21,1996 WITNESS my hand and official seal. NOTARY S SIGNATURE (SEAL) STATE OF CALIFORNIA) SS. COUNTY OF RIVERSIDE) On before me, I� ii✓c �, lG ����i6��) dAte � , No�ry Public, personally appeared UC,.' f"- -G- ,personally known to me —s-at=is-fac-to y—evidence- to be the person('s� whose name�(I,•) is�a.e subscribed to the within instrument and acknowledged to me t4at� he/sheCthfD executed the same in his/her�h'eirJ authorized capacitycfesy and that by his/her/t Zo ELAINELMDEKIND signature on the instrument the perscnks'.b, or the a QpMy COMM. 357z Notary Public—CalNornia gentity upon behalf of which the person)) acted, ZRIVERSIDE COUNTYexecuted the instrument. Comm.Expires FEB 3,1999 �•-- - - WITNESS my hand and official seal. .,"ate 0 ARY'S SIGNATURE (SEAL) C:\WP51\DOCUMENT\AGR\ENCROACH EXHIBIT "A" DEPICTION OF CITY PROPERTY AND ENCROACHMENT ,750 ND2T14 yNnuaN C4AIr6N pov6 ArPN So} -151- 009 I I � 1 - � I m I I � I I A �N� I I I , I (ipI I I W I � 5 BJErENCRIA MEN ry1"1 co L L. U I ❑ C91 H Z I NI O w1 ' ' ' Z U I Z I w a I Z H H J ❑ I Z I ¢ H I a J I a U I I I I I ' I I I I i IIILj -______________� 11 j- Ci/L EL- ALAMEDA J EXHIBIT "A" TO ENCROACHMENT AGREEMENT .... E /. p �.+ .. ....i... ....+ ... GATE(MMIOOIYY) ACORD Gekt)FJCAT O �,I�A.BILIT NSURAI�.. . � 03-19-98 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION Rafter Insurance Agency ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE g Y HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR P . 0. BOX 3178 ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. La Habra, CA 90632 COMPANIES AFFORDING COVERAGE COMPANY A Clarendon National Insurance INSURED COMPANY MPC Group, Inc . , a Calif . Corp. B DBA: Palm Garden Resort COMPANY 7 7755 Center Avenue, # 1100 C Huntington Beach, CA 92647 COMPANY O D COVERAGES .... . . THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO TYPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE POLICY EXPIRATION LIMITS LTR DATE(MWDD/YY) DATE(MNVOD/YY) GENERAL LIABILITY GENERAL AGGREGATE s2 , 000 , 000 A COMMERCIAL GENERAL LIABILITY 04 70 63 10-31-9 7 10-31-9 8 PRODUCTS-COMP/OP AGG $ Inc udeed _I CLAIMS MADE y OCCUR PERSONAL d ADV INJURY $ Included OWNERS 6 CONTRACTOR'S PROT EACH OCCURRENCE s2 , 000 , 000 FIRE DAMAGE(Any one lire) $5 0, 000 MED EXP(Any one perm) $1, 000 AUTOMOBILE LIABILITY -- COMBINED SINGLE LIMIT $ ANY AUTO ALL OWNED AUTOS BODILY INJURY $ SCHEDULED AUTOS (Per parson) HIRED AUTOS BODILY INJURY $ NON-OWNED AUTOS (Per accident) PROPERTY DAMAGE $ I LIABILITY AUTO ONLY-EA ACCIDENT $ ANY AUTO OTHER THAN AUTO ONLY, EACH ACCIDENT $ AGGREGATE $ EXCESS LIABILITY EACH OCCURRENCE It UMBRELLA FORM AGGREGATE $ OTHER THAN UMBRELLA FORM $ -WORKERS COMPENSATION ANDOTH- -- -- EMPLOYERS'LIABILITY EL EACH ACCIDENT $ THE PROPRIETOR/ INCL EL DISEASE-POLICY LIMIT $ PARTNERSIEXECUTIVE -- OFFICERS ARE ri EXCL EL DISEASE-EA EMPLOYEE $ OTHER DESCRIPTION OF OPERATIONSILOCATIONSNEHICLESISPECIAL ITEMS Hotel located at 950 N. Indian Canyon Drive, Palm Springs, CA 92262 Additional Insured added below with reference to Encroachment License (A3502) CERTIFICATE.HOLDER. .......: .. ...... :. ' ',CANCELLATION' . . . - Additional Insured SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL IiiII MAIL City of Palm Springs 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, P. 0 . Box 2743 Palm Springs, CA92263-2743 Atten: J. Sumich AUTOO IZ TATIVE I �- ACORD 2$-S"(119$)' ".:.:f, ',..I'ri ;."; .. .: .: _'.:. " ' ' '0;AOf1R6 CORPORATION 1888 JRI *I Luul IB.D! r10B-NANILTWI BRENART INS T-178 P.0021oo3 ;-so ACM CERTIFICATE OF L.IABILI I Y IN NV OPID G �07J31 O1 PRODUCE R+ THIS CERTIFICM S R INFORMATION JtamiiT:on Brewart Insurance ONLY AND COINFERS NO RIGHTS UPOWMEMIRT(PICAS$ California License No. 0512149 HOLDER.THIS(CERTD7CATE DOES NOT AMEND,EXTEND OR P. O. Box 1949 ALTER THE COVVERAGE AFFORDED BY THE you ES EELOW. Upland CA 91785-1949 Phone: 909-981-5210 rax:909-995-3448 INSURERS AFFORDING COVERAGE INSURED tusImet A: Them Iasuda Fire 6i Marine Lawrence P. Miller L Geraldine IN"ERIt F. iller dba: Pala Gardena T INs+Rina ,I a U 950 N. Indian can Palm Spring$ CA 02222 COVERAGES THE THE POLICIES DF INSURANCE LISTED BELOW NAVE SEEN ISSUED TO 7HE INSURED NAMED ABOVE F(OR THE POLICY►ERbD INDICA7ED.JJOTWfTNiTµDMG ANY REOURi[MENT,TERM ORSONDMON OF ANY CONTRACT OR.OTHER DOCUMENT WTM RESPECTTTO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN.THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN LS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDIMAI8 Of SUCH POLICIES.AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. %LAF TYFBOFINftwIcE FOLN:Ywmmm pA fAXWRI LIMITS GENERALLYp GACHOCCURRENCE $32,000,000 A X CO nLI,IALLITYGENERALLIA&LITY CPH72000FOO74 05/27/01 OMS/27/02 FIRE DAMAGE(Any erR Jry s 50,00000 CWMSMAOE �OCCuR MED ERP(AIV PM PAIIM) Sg• S 0 PERSONAL L ADv INJURY 3g2,000,000 GENERALAGGREGATE $ $2,000,000 GEML AGGREGATE OMIT APPUlSPlR PRODUCTS.COMP)OP AGG SS2 000,000 POLICY P r 10C AUT�AI OUABRAT/ CCOO=10 SINGLE LIMIT S ALL OWNED AUTOS BODILY INJURY 9C11EDUJZDAUTOS (Aw P~) S HIREDAUTOS SODILY 1NNRY ! NON-0 EO AUKS (PW Aww" PROPERTY ON"r S J'l (RV AttY 1) GAPAGE UAINUTY AUTO ONLY-EA ACGDGNT ! ANY AUTO OTHER THAN EAACC S AUTO ONLY. AGG S fJICE✓N LUUlaltt EACH OCCURRENCE S OCLVR �CWMTMApE AGGREGATE S S oEOUCTi(N.G ! RETENTION S J YWHNERJ T LIPENS�TIOHnNO IBW LOYERCLWILITY 70RY UW7S JR E.L r:YDH ACCIDEN7 S S.L 0f1151SE.EA EMPLOY S OTHTA E.L.OISBASE,POLICY LMy S DESCRIPTION OF OPERATIONSAOCATIONSVEHICLT3al(CLUSIONS ADDED BY ENOORSELaIRISPGCIAL PROVISION$ AZ: 950 N. Indian eve. , 'Pala Spring$, CIL 92262. Certificaite holder is named as additional insured/property managers as respects Location noted above. 10 day notice for non payment of premium. CERTIFICATE HOLDER N I ADDITmwAL(NBUReu:IRSURBL LETTER CANCELLATION T=elRT SHOULB ANY OFTHE.ABOVE DESCRIBED POLICIES EE CANCELLED BffORE THE W~7TO DATE rN6mDF,THE USJUfNG INSURERWILL ENDEAVOR TO MAIL =ar DAn WRITTEN NOTKETD THE THE LEFT,BUY FAILURE TO 00 30 PUUJ. 1<iast saR wi. ]v TfiJri£t CO. IMFOlENO OaLASATIIpt OR LJANINTY OF ANY RIND UPON THE INSURER.ITS AGENTSOR 903 r_ Aatella PLve- REFRExNrAr(YaE,. Orange CA 92867 TATI$M , ACORD 25 8(TP97) ",'ton BraWart OACORD CORPORATION 7BEE M-4e-e0ui 16:54 s�Frcn-NANILTOft BREWART INS T-170 P 003/003 F-503 ACORD %EVIDENCE. . Fl is. 3P, --J Nb-. -U' THIS IS EVIDENCE THAT(NISURANCIEWIDENTIFIED SELOW HAS BEEN ISSUEED, IS RCE.AND CONVEYS ALL THE FIGHTS AND PRIVILEGES AFFORDED UNDERTHE POLICY. PRooU TR 909-991-521 W9D9-.985-344 COMPANY Hamilton arewart Insurance The 2asuda rixe a Marine California License No. 051914A Insurance Ca, of America P. 0. Eex 1949 Upland CA 9I 85-190 Hamiltott prewart Copy sum COOL aama: PALM-1 MUM LOAN Numm IOLICY NUmew 644203919 04P7200r0974 Palm Garden Resort" EFFWTNE DATE F10NRATION DATE CONT;KM0UNnL 950 N. Indian Ave. OS 27/01 05/27/02 TE�rMrNAIEOtFLHEG%.o Palm Springs CA 92262 THIS RET'LAO!l FWR fEvmoceDATEO: PROlER'P!1NFARMATION::; . . .. . .. . : ,.:: .. ::..... .. ...:. . .. ... . ... , ;.... .-.:. LOCATIowOEseMnFbN - ..... Dal (Location N1) 950 X. Indian Avenue Palm Springs CA 92262 - COViM06PiRILLfOIEN! AMOUNT OF NISURANCE 0EDUOn6LE Building: special corm; F.*Plaeement Cost $1,642,000 $1,000 nPP: special roan; Replacement Cost $350,000 $1,000 $50,000 $1,004 Loss of Income: Special roan $975,000 Comeereial General Liability Per General Aggregate Limit $2,000,000 NIL Per occurrence Limit $1,000,000 N7'L REMARKS'#h444171i"atColcdl%oTiiy.:'.:'s.. : .'. The perils of earthquake and flood are excluded. • 10 day motive of cancellation will be given for non-payment of premium. Subjact to all terns, conditions and exclusions of policy. ** Lawrence P. Willer a Geraldine r. Miller, Husband and Wife air Community Property THE POLICY IS SUBJECT TO THE PREMIUMS,FORMS,AND RULES IN EFFECT FiOR EACH POLICY PERIOD.SHOULD THE POLICY BE TERMINATED,THE COMPANY WILL GIVE:THE ADDITIONAL INTEREST IDENTIFIED BELOW 30* DAYS WRITTEN NOTICE,AND WILL SEND NOTIFICATION OF ANY CHANGES TO THE POLICY THAT WOULD AFFECT THAT INTEREST,IN ACCORDANCE WITH THE POLICY PROVIVONS OR AS REQUIRED,BYLAW. VMTIONALMi'ERESt NAtAEr.NOAoonBs g nwnTCAc11 ADfhP01W.5NSUAED LOSS PAYEE rir5t Security Thrift LOAN! 909 A. xa�11. lAva 9 Orange CA 92867 Hamilton zx�wart .:..... . .. ,'.C.vBI►CQRP,.R.OTt>•_ T10N'1110"