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D009Form 1012 2 -4,6. SOM .0 CWifomla Land Title A»oriation Standard Form Copyright 1918 (T. I. Revielon 444) Policy No. Title Insurance and Trust Company a corporation of Los Angeles, California, herein called the Company, for a valuable consideration paid for this policy of title insurance, the number, date, and amount of which are shown in Schedule A, does hereby insure the parties named as Insured in Schedule A, together with each successor in ownership of any indebtedness secured by any mortgage or deed of trust shown in Schedule B, the owner of which is named as an insured, and any such owner or successor in ownership of any such indebtedness who acquires the land described in Schedule A, or any part thereof, by lawful means in satisfac- tion of said indebtedness or any part thereof, and any person or corporation deriving an estate or interest in said land, as an heir or devisee of a named insured, or by reason of the dissolution, merger, or consolidation of a corporate named insured, against loss or damage not exceeding the amount stated in Schedule A which any insured shall sustain by reason of title to the land described in Schedule A being vested, at the date hereof, otherwise than as herein stated; or by reason of unmarketability of the title of any vestee to said land, at the date hereof, It— unless such unmarketability exists because of defects, liens, encumbrances, or other matters shown in Schedule B; or by reason of any defect in, or lien or encumbrance on said title, existing at the date hereof, not shown in Schedule B; or by reason of any defect in the execution of any mortgage or deed of trust shown in Schedule B securing an indebtedness, the owner of which is insured by this policy, but only insofar as such defect affects the lien or charge of such mortgage or deed of trust upon said land; or by reason of priority, at the date hereof, over any such mortgage or deed of trust, of any lien or encumbrance upon said land, except as shown in Schedule B; all subject, however, to Schedules A and B and the stipulations herein, all of which schedules and stipulations are hereby made a part of this policy. In Witness Whereof, Title Insurance and Trust Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A. TITLE INSURANCE AND TRUST COMPANY by SECRETARY F.,. 1012 -A 2.46 80M 3 � Amount $ 2,000.00 - -- hKA SCHEDULE A Date May 24, 1946, at 7:00 A. 1. INSURED CITY OF EL 6EGUADO, a municipal corporation. 1. The title to said land is, at the date hereof, vested in CITY Oi EL SEUWO, a municipal corporation. Policy No. 2367530 2. Description of land in the County of Los Angeles, State of California, title to which is insured by this policy: Lots 1, 2, 3 and 6 in Block 42 of El Segundo, in the City of it Segundo, as per map recorded in Book 20 Page 22 of Maps, is the office of the County Recorder of said County. Perm 1012 -e 2 -46 112M SCHEDULE B [A] The Company does not, by this policy, insure against loss by reason of: 1. Easements or liens which are not shown by the public records (a) of the District Court of the Federal District, (b) of the county, or (c) of the city, in which said land or any part thereof is situated; 2. Rights or claims of persons in possession of said land which are not shown by those public records which impart constructive notice; 3. Any facts, rights, interests, or claims which are not shown by those public records which impart construc- tive notice, but which could be ascertained by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct survey; 4. Mining claims, reservations in patents, water rights, claims or title to water; 5. Any governmental acts or regulations restricting, regulating, or prohibiting the occupancy or use of said land or any building or structure thereon. [B] Liens and encumbrances to which said title is subject shown in the order of their priority, and defects and other matters to which said title is subject: 1. General and special County and City taxes for the fiscal year 1946- 1947, a lien, but not yet payable, if any. 2. Covenants, conditions and restrictions affecting Lots 1, 2 and 3, contained in deed from Los Angeles Trust & Savings Bank, a corporation, recorded in Book 5771 Page 106, of Leeds, which conditions provire that a violation thereof sha11 not defeat or render invalid the lien of any mortgage. 3. Govenants, conditions and restrictions affecting Lot 6, contained in the deed from Los Angeles Trust & Savings Ban'::, a corporation, recorded in Book 5909 Page 233 of Oeeds, ana in the deed from James H. Parsons and wife, recorded in Book 5873 Page 226, of needs. P an Para, 1ar2.0 246 goy 1 $ SCOPE 1, Thi' STIPULATIONS OF Policy does not in COVERAGE Company will not be against, and the SUBROGATION 4, created b liable for 108a or damage UPON mg: (a) defects, liens, Y or arising out of any °f the follow- N PAYMENT ti. Whenever the Compaq sh Which result in claims, encumbrances, OR SETTLEMENT ed a claim y all have ash liens, encu no pecuniary loss to °f °her matters EMENT subm ° °der this policy, it shalt be or other mbranedrare hereof�r(c) defectsc Bated nor boccurr ng against eanY Person ore property t6eaA °s °red entitled would have had' subsequent to the ) 07 such loss of hers created. or su$ered 6 I1ega' encumbrances, policy not been issued.p Y m respect to su had Other m damage; t (d} defects, liense insured claiming rocs of the insured, the C' payment payment does not Cover the the insured age; at the date of this encumbrances, or ghts, securities, and remedies it, shall be s claim, Policy Payment bears the Proportion to Such of this poll %Such loss or dama e, y and known to insured shall transfer, aorount of s p portion which estate or icy or at the date such insured Claimant , either act he date said loss, In either eve said nterest insured 6 acquired an Pany aurh rights, se cause to be transferred, °r f e lien, claim, encumbrance, or others policy unless the Cam securities and re to the Com - closed to th matter shall have been or Cam Use name of the insured in en shall permit Policy a Company in writing prior to h een dis- Any rights or defenses of a issuance of this g such right., securities, Y transaction named insured shall b the Co or remedies. or corporation who a equally available mPony against a OPTION TO PAY 5. The Co successor of shall become an insud°st any peraon INSURED O mpany bas th such no insured. hereund OF INDEBTEDNESS option, ' Th in cape aq l e right and DEFENSE OF er as under Y oss is claimed Z. The AND BECOME of an lira Policy by an insured o ACTIONS the insu Company at its own cost shall OWNER OF indebtedness secured a wner the insured founded u insured in all actions or proceedin s defend SECURITY gage or deed oe tr y mort- matter insured a Pon a defect, lien, encumbrance,% against %agor or insured [ usy to pay such litigation to final gainst by this polic , °r other gether tractor under said morhe mdebtedoess o nal determination i Y and with all costs which the tgx a or f the t, to ease any such action o n the court in pursue such under to pay, in which case Cn pa °Y ice obligated at rosy to else r proceeding shall ° last resort, In owner of, and sac g ed here - interest adverse shall come o be be un h insured ghahjj Company shall become the e e to the title asinsured of any claim of in case to the Company said Mort a at once assign aqd transfer Loss or damage for which [h insured, or which title or edness thereby secured, a% gage or deed of trust and NOTICE OF b e Company shall or ma tglit cause liability under this nd such Payment shall term. this ACTIO y virtue of this y be liable policy to such inaured, O TO B MS If such notice shall nPuny uthereof tin shall at NOTICE OF E Y the Cam- LOSS for which In writing of any toss or dams GIVE Pan at least 11 be given to N BY day in an Ys before the aPPearance cinder this policy shall be furnished Claimed THE Co THE INSURED such insured shall Horn' Proceeding MIT y after such loss or dams he Company awithbia notify the Company of an inrwriiin , g' or if LIMIT day ge shall have matter insured Y defect, lien, encumbrang, Promptly OF ACTION rained, No action or r been aseer- ahall come fq against or of ant such adverse O1 other instituted or Cope n' °f an p °reeding for the re- which loss or he knowledge of such insure a °lair° which eom Hance by against the Cos or damage shall be company damage is apprehended, then ajj'Ijabiliespect to the P y the insured mpany until after full P y as to each insured havin inaured by this with all the conditions subject of such action, Proceeding auch notice in regard to the twelve months after rp !icy, nor unless commence used on 0 DO C, ; provided, however, g' r claim sh the statement. eceipt by the Company ° y Within DO care' that failure all cease and ter- Pany of such shall Be be iudice the claim of , any s i to SO notify shall in written shall have cthelright eio diced by ucchf -1 unlesThe company P YMENTD F Pan Proceeding or do aq institute and prosecute Company 7.Y he Company will pat, in addition to Y other act aerate an Y COSTS OF an loss insured necessary or desirable which in its o i Y action or LITIGATION Costs imposed against by this Policy , lien or char e, to establish tL ur an°' may be R ETION, Posed upon the insured in liti all rains or 8 ae insured. In ail cases whet' Y insured INDO MENT and �n 1 to by the company an the insure red, requires the Company a this OF PAY P y for action or Proceed' pa °Y to prosecute pOI3Cy per- MENT with the w gction carried on by the insured a d +a; t to so %, ti1B insured shall secure for defenwdctaoy theOCompanlCun Pany, but noteotherrwlse2ah°° of the Cam prosecute or defend such iY in Y der this olic the name o herein, a permit it Mion or g the actual loss of p y shall in wise, The liability of appeals and ° proceedin % f the insured for such [o use at its o obligated hereunder insured and costs which case exceed, in all, ed by the Company theeInsured purpose. When Com requests p yI ItY exc ed ther to pay, and in n'c ase shall is any such action or ro shall assist the amount of this p hall such total action Of obtaining witneasesg,� m effecting settlement, securi in suranee pro ter this policy shall reduce he and said costs. All pan action or proceeding to such e= of ntecuting or defendin °g cured owner o and payment re loss or af°ou °t of the i°_ deemed desirable by the Co and ins ding liability f indebtedness shall red damage to imburse the inaured for anmpany, and the manner as is y�io Y of he Company to th reduce, to that extent an the such Pany shall be .abrogated to ands be Bair edanThe .Com- 1pg payment hrs P li mx manded bYiann ins f said land. expense so in y be de owner o attorneys' fees incurred or entitled to Y which ER cY for itidorsement of such ured With produc- roay be recoverable b eXpended b all costs and Y he - pan , MANN payment by the Co Insured in any litigation carried PAYMENT OF $' Loss under this on Y e ins r knowledge" is ithisY r g aph in the insured. The or To first, Brsy to an Policy shall be Payable, does not refer ro constYUCli a know! ttual knowledge, and N URED secured byY Insured owner °f indebtedness Otherwise. to the insured by reasond an notice which may and if su 1° Schedule g ge or deed shown, ch ownershr B' in order of po,or'usL shown OPTION TO Y pu6hc record or aoalltheermfde ratably as their ieaten°. more than pthere- PA ant 3, The respective interest, one, Y, SETTLE and if any loss shall be payable to May appear In ROM OR PaY, settle Company reserves the option to respective lotehe to ma COMP ISE cis ro ne, then a such insured the other insured? CLAIMS °at°e of, the inaured, an for, or m the owner of i ia[abl 9 claim ' ndebtednesey appear, If there be no y as their time, and payment or tender or to pay this insured cured, and if any loss 'hall be Payable such insured this policy, together with 11 of Payment of he full amat any respective interests mean one, to such insure aablm the in is obligated hereunder tonal accrued costs Which aunt of Y appear. y as their the Company hereunder, . Pay, shall terminate allh liab�letyaef WRITTEN Pany with respect to rncludin� al J obligations Of the INDO 9, No provision costa thereof, any litigation pendiq Com. REQ FRED TO can be waived or changed condition of th, g and aubsequent indorsed ° changed except b Policy CHANGE the Presid hereon or attached h r Y wrrtrn9 POLICY ant, a attached hereto et to si$°ed by or an Assistant Secretor 4 he Secretary, Secretary of the Company, 'SO1003H IVID1330 A9 NMOHS VIVO WOHA AINO NOIIVWNOdNI HOd 03'lldW00 SI 1(19 ONVI 3H1 d0 A3AHnS V ION SI SIHl 69 01 15 `tt 01 Zt SM3019 MUM 13 a ��I I^ I i I A' I Iyn I L o 9 1 V 0/ V WHO o J n+I� ONdn� tsaM \ c a .�• O N ° $Z a ° Z 09 "0.9 aAd ab/ EZ N zz Lz zz s/ H a a la 8z /a 9/ o E/ o at/ oa 6Z 09 u z ro 6/ O£ / 8/ o 11 0 V SZ o l/ c 9Z ZE L/ OZ Vl OZ = y , S/ _ / az rz 6z j;c • 0 T= / _ = 9E =r Z zj �• 8 - zi IS :T. Z/ � � � S2 T of 6E of LZ 6 OP, 6 : J9 9 'V SE O 9E L L - OE , 2 F 9 E 9 lE pZ 5 bq S zE q , 6E Stf fE Z= O A £ g E O Z o : / Z = L9 • Z SE / tNi. 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