Loading...
D018PORP ,RNIA4 NOT] 1 .L.CO. O��yp� LALIfOPN1A LAND TITLE ASSOCIATION STANDARD fOwm �, GOPYRIOXT ,930 POLICY No. 104066 NATIONAL TITLE INSURANCE COMPANY A CORPORATION OF LOS ANGELES, CALIFORNIA, HEREIN CALLED THE COMPANY, FOR A VALUABLE CONSIDER- ATION PAID FOR THIS POLICY OF TITLE INSURANCE, Does Hereby Insure CTff OF EL SWUNDO, 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 SATISFACTION 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 - $500000 WHICH ANY INSURED SHALL SUSTAIN BY REASON OF TITLE TO THE LAND DESCRIBED IN SCHEDULE A BEING VESTED, AT THE DATE HEREOF, OTHERWISE THAN AS HEREIN STATED; OR BY REASON OF UNMARKETABILITY OF THE TITLE OF ANY VESTEE TO SAID LAND, AT THE DATE HEREOF, UNLESS SUCH UNMAR- KETABILITY EXISTS BECAUSE OF DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS SHOWN IN SCHEDULE B; OR BY REASON OF ANY DEFECT IN, OR LIEN OR ENCUMBRANCE ON SAID TITLE, EXISTING AT THE DATE HEREOF, NOT SHOWN IN SCHEDULE B; OR BY REASON OF ANY DEFECT IN THE EXECUTION OF ANY MORTGAGE OR DEED OF TRUST SHOWN IN SCHEDULE B SECURING AN INDEBTEDNESS, THE OWNER OF WHICH IS INSURED BY THIS POLICY, BUT ONLY INSOFAR AS SUCH DEFECT AFFECT$ 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 ENCUM- BRANCE 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, NATIONAL TITLE INSURANCE COMPANY HAS CAUSED ITS CORPORATE NAME AND SEAL TO BE HEREUNTO AFFIXED BY ITS DULY AUTHORIZED OFFICERS, THIS February 15th 1945 at 800 A. M. NATIONAL TITLE INSURANCE COMPANY BY PRESIDENT ATTEST .... .......... ..4t.".'_ .��.�.4f..- ...... AliMMRr$FClliAlY THIS POLICY CONSISTS OF 4 PAGES WHICH ARE NUMBERED AT THE END OF EACH PAGE. -1- FORM IR- IOM- e- 11- W.L,CO. SCHEDULE A I .] THE TITLE TO SAID LAND IS, AT THE DATE HEREOF, VESTED IN CITY OF EL SEGU=E S municipal corporation of Loa Angeles County, California. [Z.] DESCRIPTION OF THE LAND, TITLE TO WHICH IS INSURED BY THIS POLICY: Lot 19 in Block 42 of E1 Segundo,, in the City of El Segundo, County of Los Angeles State of California., as per map recorded in Book 20 Pages 22 and 23 of Maps, in the office of the County Recorder of said County. PAGE. 2 FORni IB IOM -9. <I— W.1 -.CO. SCHEDULE B [A] THE COMPANY DOES NOT, BY THIS POLICY, INSURE AGAINST LOSS BY REASON OF: S. EASEMENTS OR LIENS WHICH ARE NOT SHOWN BY THE PUBLIC RECORDS (A) OF THE DISTRICT COURT OF THE FEDERAL DIS- TRICT, (B) OF THE COUNTY, OR (C) OF THE CITY, IN WHICH SAID LAND OR ANY PART THEREOF IS SITUATED. 2. RIGHTS OR CLAIMS OF PERSONS IN POSSESSION OF SAID LAND WHICH ARE NOT SHOWN BY THOSE PUBLIC RECORDS WHICH IMPART CONSTRUCTIVE NOTICE. 3. ANY FACTS, RIGHTS, INTERESTS, OR CLAIMS WHICH ARE NOT SHOWN BY THOSE PUBLIC RECORDS WHICH IMPART CON - STRUCTIVE NOTICE, BUT WHICH COULD BE ASCERTAINED BY AN INSPECTION OF SAID LAND, OR BY MAKING INQUIRY OF PERSONS IN POSSESSION THEREOF, OR BY A CORRECT SURVEY. 4. MINING CLAIMS, RESERVATIONS IN PATENTS, WATER RIGHTS, CLAIMS OR TITLE TO WATER. 5. ANY GOVERNMENTAL ACTS OR REGULATIONS RESTRICTING, REGULATING OR PROHIBITING THE OCCUPANCY OR USE OF SAID LAND OR ANY BUILDING OR STRUCTURE THEREON. [B] LIENS AND ENCUMBRANCES TO WHICH SAID TITLE IS SUBJECT SHOWN IN THE ORDER OF THEIR PRIORITY, AND DEFECTS AND OTHER MATTERS TO WHICH SAID TITLE IS SUBJECT: Covenants conditions and restrictions imposed by deed from Los Angeles Trust & Savings Bank$ recorded in Hook 5521 Page 192 of Deeds. PAGE 3 FORM ,O -75 o- - 43- W.L.CO. STIPULATIONS SCOPE OF 1. THIS POLICY DOES NOT INSURE AGAINST, AND THE COVERAGE COMPANY WILL NOT BE LIABLE FOR LOSS OR DAMAGE CREATED BY OR ARISING OUT OF ANY OF THE FOLLOWING: (A) DEFECTS, LIENS, CLAIMS, ENCUMBRANCES, OR OTHER MATTERS WHICH RESULT IN NO PECUNIARY LOSS TO THE INSURED; (8) DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS CREATED OR OCCURRING SUBSEQUENT TO THE DATE HEREOF; (C) DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS CREATED OR SUFFERED BY THE INSURED CLAIMING SUCH LOSS OR DAMAGE, OR (D) DEFECTS, LIENS, ENCUMBRANCES, OR OTHER MATTERS EXIST- ING AT THE DATE OF THIS POLICY AND KNOWN TO THE INSURED CLAIMING SUCH LOSS OR DAMAGE, EITHER AT THE DATE OF THIS POLICY OR AT THE DATE SUCH INSURED CLAIMANT ACQUIRED AN ESTATE OR INTER- EST INSURED BY THIS POLICY, UNLESS SUCH DEFECT, LIEN, CLAIM, ENCUM- BRANCE, OR OTHER MATTER SHALL HAVE BEEN DISCLOSED TO THE COM- PANY IN WRITING PRIOR TO THE ISSUANCE OF THIS POLICY. ANY RIGHTS OR DEFENSES OF THE COMPANY AGAINST A NAMED INSURED SHALL BE EQUALLY AVAILABLE AGAINST ANY PERSON OR CORPORATION WHO SHALL BECOME AN INSURED HEREUNDER AS SUCCESSOR OF SUCH NAMED INSURED. DEFENSE OF Z. THE COMPANY AT ITS OWN COST SHALL DEFEND ACTIONS THE INSURED IN ALLACTIONS OR PROCEEDINGS AGAINST THE INSURED FOUNDED UPON A DEFECT, LIEN, ENCUMBRANCE, OR OTHER MATTER INSURED AGAINST BY THIS POLICY, AND MAY PURSUE SUCH LITIGA- TION TO FINAL DETERMINATION IN THE COURT OF LAST RESORT. IN CASE ANY SUCH ACTION OR PROCEEDING SHALL BE BEGUN, OR IN CASE KNOWL- EDGE SHALL COME TO ANY INSURED OF ANY CLAIM OF TITLE OR INTEREST ADVERSE TO THE TITLE AS INSURED, OR WHICH MIGHT CAUSE LOSS OR DAMAGE FOR WHICH THE COMPANY SHALL OR MAY BE LIABLE BY VIRTUE NOTICE OF OF THIS POLICY, SUCH INSURED SHALL AT ONCE NOTIFY ACTIONS OR THE COMPANY THEREOF IN WRITING. IF SUCH NOTICE CLAIMS TO SHALL NOT BE GIVEN TO THE COMPANY AT LEAST FIVE BE GIVEN BY DAYS BEFORE THE APPEARANCE DAY IN ANY SUCH THE INSURED ACTION OR PROCEEDING, OR IF SUCH INSURED SHALL NOT, IN WRITING, PROMPTLY NOTIFY THE COMPANY OF ANY DEFECT, LIEN, ENCUMBRANCE, OR OTHER MATTER INSURED AGAINST, OR OF ANY SUCH ADVERSE CLAIM WHICH SHALL COME TO THE KNOWLEDGE OF SUCH IN- SURED, IN RESPECT TO WHICH LOSS OR DAMAGE IS APPREHENDED, THEN ALL LIABILITY OF THE COMPANY AS TO EACH INSURED HAVING SUCH NOTICE IN REGARD TO THE SUBJECT OF SUCH ACTION, PROCEEDING, OR CLAIM SHALL CEASE AND TERMINATE; PROVIDED, HOWEVER, THAT FAILURE TO SO NOTIFY SHALL IN NO CASE PREJUDICE THE CLAIM OF ANY INSURED UNLESS THE COMPANY SHALL BE ACTUALLY PREJUDICED BY SUCH FAILURE. THE COMPANY SHALL HAVE THE RIGHT TO INSTITUTE AND PROSECUTE ANY ACTION OR PROCEEDING OR DO ANY OTHER ACT WHICH, IN ITS OPINION, MAY BE NECESSARY OR DESIRABLE TO ESTABLISH THE TITLE, OR ANY INSURED LIEN OR CHARGE, AS INSURED. IN ALL CASES WHERE THIS POLICY PERMITS OR REQUIRES THE COMPANY TO PROSECUTE OR DEFEND ANY ACTION OR PROCEEDING, THE INSURED SHALL SECURE TO IT IN WRIT- ING THE RIGHT TO SO PROSECUTE OR DEFEND SUCH ACTION OR PRO- CEEDING, AND ALL 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 ASSIST THE COMPANY IN ANY SUCH ACTION OR PROCEEDING, IN EFFECTING SETTLEMENT, SECUR- ING EVIDENCE, OBTAINING WITNESSES, PROSECUTING OR DEFENDING SUCH ACTION OR PROCEEDING TO SUCH EXTENT AND IN SUCH MANNER AS IS DEEMED DESIRABLE BY THE COMPANY, AND THE COMPANY SHALL REIM- BURSE THE INSURED FOR ANY EXPENSE SO INCURRED. THE COMPANY SHALL BE SURROGATED TO AND BE ENTITLED TO ALL COSTS AND ATTOR- HEY'S FEES INCURRED OR EXPENDED BY THE COMPANY, WHICH MAY BE RECOVERABLE BY THE INSURED IN ANY LITIGATION CARRIED ON BY THE COMPANY ON BEHALF OF THE INSURED. THE WORD "KNOWLEDGE" IN THIS PARAGRAPH MEANS ACTUAL KNOWLEDGE, AND DOES NOT REFER TO CONSTRUCTIVE KNOWLEDGE OR NOTICE WHICH MAY BE IMPUTED TO THE INSURED BY REASON OF ANY PUBLIC RECORD OR OTHERWISE. OPTION TO 3. THE COMPANY RESERVES THE OPTION TO PAY, PAY, SETTLE OR SETTLE, OR COMPROMISE FOR, OR IN THE NAME COMPROMISE OF, THE INSURED, ANY CLAIM INSURED AGAINST CLAIMS OR TO PAY THIS POLICY IN FULL AT ANY TIME, AND PAYMENT OR TENDER OF PAYMENT OF THE FULL AMOUNT OF THIS POLICY, TOGETHER WITH ALL ACCRUED COSTS WHICH THE COMPANY IS OBLI- GATED HEREUNDER TO PAY, SHALL TERMINATE ALL LIABILITY OF THE COM- PANY HEREUNDER, INCLUDING ALL OBLIGATIONS OF THE COMPANY WITH RESPECT TO ANY LITIGATION PENDING AND SUBSEQUENT COSTS THEREOF. SUBROGATION 4. WHENEVER THE COMPANY SHALL HAVE SET - UPON PAYMENT TLED A CLAIM UNDER THIS POLICY, IT SHALL BE OR SETTLEMENT SUBROGATED TO AND BE ENTITLED TO ALL RIGHTS, SECURITIES, AND REMEDIES WHICH THE INSURED WOULD HAVE HAD AGAINST ANY PERSON OR PROPERTY IN RESPECT TO SUCH CLAIM, HAD THIS POLICY NOT BEEN ISSUED. IF THE PAYMENT DOES NOT COVER THE LOSS OF THE INSURED, THE COMPANY SHALL BE SURROGATED TO SUCH RIGHTS, SECURITIES, AND REMEDIES IN THE PROPORTION WHICH SAID PAYMENT BEARS TO THE AMOUNT OF SAID LOSS, IN EITHER EVENT THE INSURED SHALL TRANSFER, OR CAUSE TO BE TRANSFERRED, TO THE COM- PANY SUCH RIGHTS, SECURITIES, AND REMEDIES, AND SHALL PERMIT THE COMPANY TO USE THE NAME OF THE INSURED IN ANY TRANSACTION OR LITIGATION INVOLVING SUCH RIGHTS, SECURITIES, OR REMEDIES. OPTION TO PAY S. THE COMPANY HAS THE RIGHT AND OP- INSURED OWNER TION, IN CASE ANY LOSS IS CLAIMED UNDER OF INDEBTEDNESS THIS POLICY BY AN INSURED OWNER OF AN (N- AND BECOME DEBTEDNESS SECURED BY MORTGAGE OR DEED OWNER OF OF TRUST, TO PAY SUCH INSURED THE INDEBT- SECURITY EDNESS OF THE MORTGAGOR OR TRUSTOR UN- DER SAID MORTGAGE OR DEED OF TRUST, TOGETHER WITH ALL COSTS WHICH THE COMPANY IS OBLIGATED HEREUNDER TO PAY, IN WHICH CASE THE COMPANY SHALL BECOME THE OWNER OF, AND SUCH INSURED SHALL AT ONCE ASSIGN AND TRANSFER TO THE COMPANY SAID MORTGAGE OR DEED OF TRUST AND THE INDEBTEDNESS THEREBY SECURED, AND SUCH PAYMENT SHALL TERMINATE ALL LIABILITY UNDER THIS POLICY TO SUCH INSURED. NOTICE OF b. A STATEMENT IN WRITING OF ANY LOSS OR DAM - LOSS AGE FOR WHICH IT IS CLAIMED THE COMPANY 15 LIABLE UNDER THIS POLICY SHALL BE FURNISHED TO THE COMPANY WITHIN SIXTY DAYS AFTER SUCH LOSS OR DAMAGE SHALL HAVE BEEN ASCERTAINED. NO ACTION OR PROCEEDING MR THE RECOVERY OF ANY LIMITATION SUCH LOSS OR DAMAGE SHALL BE INSTITUTED OR MAIN - OF ACTION TAINED AGAINST THE COMPANY UNTIL AFTER FULL COMPLIANCE BY THE INSURED WITH ALL THE CONDITIONS IMPOSED ON THE INSURED BY THIS POLICY, NOR UNLESS COMMENCED WITHIN TWELVE MONTHS AFTER RECEIPT BY THE COMPANY OF SUCH WRITTEN STATEMENT. PAYMENT OF %. THE COMPANY WILL PAY, IN ADDITION TO ANY LOSS AND LOSS INSURED AGAINST BY THIS POLICY, ALL COSTS COSTS OF IMPOSED UPON THE INSURED IN LITIGATION CAR - LITIGATION. RIED ON BY THE COMPANY FOR THE INSURED, AND INDORSEMENT IN LITIGATION CARRIED ON BY THE INSURED WITH OF PAYMENT THE WRITTEN AUTHORIZATION OF THE COMPANY, ON POLICY BUT NOT OTHERWISE. THE LIABILITY OF THE COM- PANY UNDER THIS POLICY SHALL IN NO CASE EXCEED, IN ALL, THE ACTUAL LOSS OF THE INSURED AND COSTS WHICH THE COMPANY IS OBLI- GATED HEREUNDER TO PAY, AND IN NO CASE SHALL SUCH TOTAL LIABILITY EXCEED THE AMOUNT OF THIS POLICY AND SAID COSTS. ALL PAYMENTS UNDER THIS POLICY SHALL REDUCE THE AMOUNT OF THE INSURANCE PRO TANTO, AND PAYMENT OF LOSS OR DAMAGE TO AN INSURED OWNER OF INDEBTEDNESS SHALL REDUCE, TO THAT EXTENT, THE LIABILITY OF THE COMPANY TO THE INSURED OWNER OF SAID LAND, NO PAYMENT MAY BE DEMANDED BY ANY INSURED WITHOUT PRODUCING THIS POLICY FOR INDORSEMENT OF SUCH PAYMENT. MANNER OF B. LO55 UNDER THIS POLICY SHALL BE PAYABLE, FIRST, PAYMENT OF TO ANY INSURED OWNER OF INDEBTEDNESS SECURED LOSS TO BY MORTGAGE OR DEED OF TRUST SHOWN IN SCHED- INSURED ULE B. IN ORDER OF PRIORITY THEREIN SHOWN, AND IF SUCH OWNERSHIP VESTS IN MORE THAN ONE, PAYMENT SHALL BE MADE RATABLY AS THEIR RESPECTIVE INTERESTS MAY APPEAR, AND THEREAFTER, ANY LOSS SHALL BE PAYABLE TO THE OTHER INSURED, AND IF MORE THAN ONE, THEN TO SUCH INSURED RATABLY AS THEIR RESPECTIVE INTERESTS MAY APPEAR. IF THERE BE NO SUCH INSURED OWNER OF INDEBTEDNESS, ANY LOSS SHALL BE PAYABLE TO THE INSURED, AND IF MORE THAN ONE, TO SUCH INSURED RATABLY AS THEIR RESPECTIVE INTERESTS MAY APPEAR. WRITTEN 9. No PROVISION OR CONDITION OF THIS POLICY INDORSEMENT CAN BE WAIVED OR CHANGED EXCEPT BY WRITING REQUIRED TO INDORSED HEREON OR ATTACHED HERETO SIGNED CHANGE BY THE PRESIDENT, A VICE - PRESIDENT, THE SEC - POLICY RETARY, OR AN ASSISTANT SECRETARY OF THE COMPANY. PAGE 4 M I AVE 60 r— AVE I% -T 140 n 20 w 42 140 n h 41 PINE- 0 39 4 50 � to W 36 60 35 20 36 /40 1140 28 2 30 12 2 3 13 A OV 35 34 14 3 26 25 za 4 5 16 33 32 /7 26 25 23 z r 7 z3f _ 30 Rz 21, _ 5 5ff Qj I= 2 .9 za-- Zo = tf) /0 q 07 26 19 // 8 14 t7 : t2 /3 '15 24 15 14 16 z z 21 ZI f3 2012 /Z my = j ZO 20 Ido N Hol- /- y 140 40 o 449 z �Q 36 1 --1 48 140 x 2 47 % 33 4 46 45 kk = 3 32 z 5 44 31 z 6 43 30 7 40 41 27 77 6 z5 14 3B 37 A A' zz Z/ 15 16 20 17 /8 31 /Z 30 7 20 29 /3 h - /6 z I Ze SD o 14 0 tQ 14 /4o n 60 23 = 27 26 5 O ry GRAND ,wEsr a-. AVE. M I AVE 60 r— AVE I% -T 140 n 20 w 42 140 n 41 0 39 4 38 6 37 7 36 8 35 9 34 33 30 12 31 13 A OV 30 14 /6 za In 16 27 /7 26 25 24 N 60 140 -ZZ,4 z-- 1 - 80 40 Ave. CIPAND 2 1 VV' Y &RAND EL SEGUNDO BLOCKS 42 TO 44, 57 TO 59 THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN SY OFFICIAL RECORDS.