1994-0110_BARWICK IMPORTS, INC_InsuranceEYIDENC R PROPERTY INSUR CE DATE (MMIDOY,
01/10/94
THIS IS EVIDENCE THAT INSURANCE AS IDENTIFIED BELOW HAS BEEN ISSUED, IS IN FORCE, AND CONVEYS ALL
THE RIGHTS AND PRIVILEGES AFFORDED UNDER THE POLICY.
PRODUCER COMPANY
ROBERT F. DRIVER ASSOCIATES Home Insurance Company
3636 BIRCH STREET #230 505 North Brand Boulevard
NEWPORT BEACH, CA 92660 Glendale, CA 91203
(714) 756-0271
CODE SUBCODE
INSURELOAN NUMBER POLICY NUMBER
City of San Juan Capistrano PPMC 153325
c/o Southern California Joint Powers EFFECTIVE DATE MMDDIYY) EXPIRATION DATE(MMIDDNY CONT UNTIL
Insurance Authority 01/01/94 01/01/95 ;F CHECKED
4952 La Palma Avenue
La Palma, Ca 90623 THIS REPLACES PRIOR EVIDENCE DATED:
PROPERTY INFORMATION
LOCATIOwOESCRIP IDN AS RESPECTS: Replacement Cost Valuation on all Real and Personal Property
Loan of 1993 Nisson Quest Minivan #4N2DNllW2PD802710 for Senior Program.
COVERAGE INFORMATION
COVERAGFIPERIL.SIFORMS AMOUNT OF INSURANCE DEDUCTIBLE
All Risk Property - Subject to Standard Policy Exclusions $50,000,000
(Earthquake and Flood are Excluded �)
Sub -limit of $5,000,000 applies to:
Valuable Papers and Records
Fine Arts
Radio and Telephone Equipment
♦Earthquake and Flood are covered only if indicated above, and
applies per schedule subject to a Sub -limit of $1,000,000.
i
' REMARKS (Including SpwW CondMbro) - -
Deductibles:
Earthquake and Flood 5% Per Unit
Automobile Comprehensive and Collision $1,000
Radio and Telephone Equipment in Vehicles $1,000
All Other Perils $5,000
CANCELLATION
THE POLICY IS SUBJECT TO THE PREMIUMS, FORMS, AND RULES IN EFFECT FOR EACH POLICY PERIOD.3�gOs
THE POLICY BE TERMINATED, THE COMPANY WILL GIVE THE ADDITIONAL INTEREST IDENTIFIED BELOW
WRITTEN NOTICE, AND WILL SEND NOTIFICATION OF ANY CHANGES TO THE POLICY THAT WOULD AFFECT THAT
INTEREST, IN ACCORDANCE WITH THE POLICY PROVISIONS OR AS REQUIRED BY LAW.
ADDITIONAL INTEREST
NAYS AND ADDRESS - .. - -- NATURE OF INTEREST
Barwick Nisson MORTGAGEE ADDITIONAL INSURED
ATT: Al Parajeckas-
33375 Camino Capistrano ' X LOSS PAYEE (OTHER)
San Juan Capistrano, Ca 92675 -
. '..."TUBE OF "MIHDRD`Fn AGENT OF COMPANY A140L
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S.F. FORM
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LENDER'S LOSS PAYABLE ENDORSEMENT
Form 438BFU NS
( Rev. lfay 1, 1942) z
1. Loss or damage. if any, under thin policy. slut( be paid to the Payee named an tae Ent page, of tales Posey, its successors and
assigns. hereinafter referred to as "the Lender". in whatever form or capacity its interests may splicer and whether said interest be
vested in said Lender in its individual or in its disclosed or undisclosed fiduciary or representative capacity, or otherwise, or vested in a
nommee or trustee of said Lender.
L The insurance under this policy, or any rider or endorsement attached thereto. u to the interest only of the Lender. its succes-
sors and assigns. shall not be invalidated nor suspended: ( a) by any error. omission, or change respecting the ownership. desersptsom
possession, or location of the subject of the insurance or the interest therein or the title thereto: (h) by the commencement of foreclosure
proceedings or the giving of notice of We of any of the property covered by this policy by virtue of any mortgage or trust deed: (c)
by any b. each of warranty, act om:ssium neglect. or non-compliance with any of the provisions of this policy. including any and all riders
now or hereafter attached thereto. by the named insured. the borrower, mortgagor. trustor. vendee, owner. tenant warehouseman. cus-
todian. occupant. or by the agents of either or any of them or by the happening of any event Permitted by them or either of them, or their
agents. or which they failed to prevent, whether occurring oeiore or after the attachment of this endorsement. or whether before or after
a loss, which under the provisions of this policy of insurance or of any rider or endorsement attached thereto would invalidate or sus-
pend the insurance as to the named insured. excluding herefrom. however. any acts or omissions of the Lender while exercising active
controi and management of the property.
?. In the event of failure of the insured to pay any premium or additional premium which shall be or omime due under the terms of
this policy or on account of any change in occupancy or increase in hazard not permitted by this puffcv. this Company agrees to give
written nonce to the Lender of such non -Payment of premium after sixty (60) days from and within one hundred and twenty t 1201
days aiter due date of such premium and it is a condition of the continuance of the rights of the Lender hereunder that the Lender
when so notified in writing by this Company of the failure of the insured to pay such premium shall pay or cause to be paid the premium
due within ten ( 10) days following receipt of the Company's demand in writing therefor. If the Lender snail decline to pay said premium
or additional premium. the rights of the Lender under this Lender's Loss Payable Endorsement shall not be terminated before ten t 10 )
days after receipt of said written notice by the Lender.
a. Whenever this Company shall pay h, the Lender any sum for loss or damage under this Policy and shall claim that as to the
insured no liability therefor exists. this Company. at its option. may pay to the Lender the whole principal sum and interest and other
indebtedness due or to become due from the insured. whether secured or unsecured ( with refund of all interest not accrued). and this
Company. to the extent of such payment, shalt thereupon receive a full assignment and transfer. without recourse. of the debt and all
rights and securities held as collateral thereto.
i. If there be any other insurance upon the within described property. this Company shall be liable under this policy as to the.Lender
for the proportion of such loss or damage that the sum hereby insisted bears to the entire insurance of similar character on said property
ender policies held by, payable to and expressly consented to by the Lender. Any Contribution Clause included in any Fallen Building
Clause Waiver or any Extended Coverage Endorsement attached to this contract of insurance is hereby nullified. and also anv Contnou-
❑on Clause in any other endorsement or rider attached to this contract of insurance is hereby nullified except Contribution Clauses for
me mmniiance with which the insured has received reduction in the rate charged or has received extension of the coverage to include
nazaras other than fire and compliance with such Contribution Clause is made a part of the consideration for insuring such other huaras.
he Lender upon the payment to it of the full amount of its claim. will subrogate this Company f pro rata with all other insurers con-
tributing to said payment to all of the Lender's rights of contribution under said other insurance.
5. This Company reserves the right to cancel this policy at any time. as provided by its terms, but in such case this policy shall
continue in force for the benefit of the Lender for ten ( 101 days niter written notice of such cancellation is received by the Lender and
;hall then cease.
T. This policy shall remain in full force and effect as to the interest of the Lender for a period of teni IOi days after its exaltation
unless an acceptable policy in renewal thereof with loss thereunder payable to the Lender in accordance wish the terms ni this Lenders
Loss Payable Endorsement. shall have been issued by some insurance company and accepted by the Lender.
d. Should legal title to and beneficial ownership of any of the property covered under this policy become vested in the Lender or
.ts agents. insurance under this policy shall continue for the term thereof for the benefit of the Lender but. in such event. any privileges
;ranted by this Lender's Loss Payable Endorsement which are not also granted the insured under the terms and conditions of this
tioffcy and/or under other riders or endorsements attached thereto shall not apply to the insurance hereunder as respects such property.
9. All notices herein provided to be given by the Company to the Lender in connection with this poiicy and this Lenders Loss
Payable Endorsement shall be mailed to or delivered to the Lender at its office or branch described on the hist Page of the poficv.
Approved:
Board of Fire Underwriters of the Pacific,
California BankenAssociation.
Committee on Insurance.