D0301040 9.55
California Land Title Association
Standard Coverage
Easement Policy Form
Copyright 1951
Fee $ J 8 ®
POLICY OF TITLE INSURANCE
ISSUED BY
TITLE INSURANCE AND TRUST COMPANY
OF LOS ANGELES
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 the persons and corporations included in the definition of "the insured"
as set forth in the stipulations of this policy, against loss or damage not exceeding the amount stated
in Schedule A which the insured shall sustain by reason of:
1. Title to the easement described in Schedule A being vested, at the date hereof,
otherwise than as herein stated; or
2. Any defect in, or lien or encumbrance on, said title, existing at the date hereof,
not shown or referred to in Schedule B; or
3. Priority, at the date hereof, over said easement, of any lien or encumbrance upon
the land which is subject to said easement, hereinafter called said land, unless
such lien or encumbrance is 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 PRESIDENT
ll,/ i L—q, Spa's,
Atte........ ° --- °- °.......... °----..... °-- ............... ....
SECRETARY
1Ud0A 7.53
California Land Title Association
Standard Coverage
Easement Policy Farm
Copyright 1951
caj
SCHEDULE A
Amount $ 800.00 Date March 20, 1957 at 8 a.m. Policy No. 4647827
INSURED
CITY OF EL SEGUNDO, a municipal corporation.
1. The title to said easement is, at the date hereof, vested in:
CITY OF EL SEGUNDO, a municipal corporation.
2. Description of the easement, title to which is insured by this policy:
An easement for public street, road, and highway purposes in, over, and
upon the southerly 10 feet of lots 298, 299, and 300, in block 123 of
E1 Segundo, in the city of El Segundo, county of Los Angeles, state of
California, as per map recorded in book 22 pages 106 and 107 of Maps, in
the office of the county recorder of said county, together with the right to
place under, over, and across said roadway pipe lines for the transmission
of water, gas, and petroleum products and other equipment commonly used
for the maintaining of public utilities.
10408 7 -50
California Land Title Auoclotion
Standard Coverage
Easement Policy Form
Copyright 7 057 SCHEDULE B
Easement
This policy does not insure against loss by reason of the matters shown or referred to in this Schedule.
PART ONE: This part of Schedule B refers to matters which, if any such exist, may affect the title to said land
or easement, but which are not shown in this policy:
1. Tazes or assessments which are not shown as existing liens by the records of any taring agency or by the public
records; and easements, liens or encumbrances which are not shown by the public records.
2. Rights or claims of persons in possession of said land or easement which are not shown by the public records;
and termination or impairment of said easement occasioned by facts not disclosed by the public records.
3. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained
by an inspection of said land, or by making inquiry of persons, in possession of said land or easement, or by a
correct survey.
4. Mining claims, reservations in patents, water rights, claims or title to water.
5. Any laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regulating
or prohibiting the occupancy, use or enjoyment of said land, or any improvement thereon, or said easement; or
the effect of any violation of any such restrictions, regulations or prohibitions.
PART Two: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the title to
said land or easement or to which said land is subject:
1. General and special county and city taxes for the fiscal year 1957-
1958, a lien not yet payable.
10400 5.53
California Land Tifle Association
Standard Coverage
Earemant Policy Form
Copyright 1951
STIPULATIONS
1. SCOPE OF COVERAGE
This policy does not insure against, and the Company will not be
liable for loss or damage created by or arising our of any of the
following: (a) defects, liens, claims, encumbrances, or other mat-
ters which result in no pecuniary loss to the insured; (b) defects,
liens, encumbrances, or other matters created or occurring subse-
quent 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, claims, encumbrances, or other mat-
ters existing 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 interest
insured by this policy, unless such defect, lien, claim, encumbrance
or other matter shall have been disclosed to the Company in writing
prior to the issuance of this policy or appeared at the date of this
policy on the public records. Any rights or defenses of the Com.
pany against a named insured shall he equally available against
any person or corporation who shall become an insured hereunder
as successor of such named insured.
T. DEFENSE OF ACTIONS. NOTICE OF ACTIONS OR CLAIMS TO BE
GIVEN BY THE INSURED
The Company at its own cost shall defend the insured in all litiga-
tion consisting of actions or proceedings against the insured, which
litigation is 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 my
such litigation shall become known to my insured, or in case
knowledge shall come to any insured of any claim of title or interest
which is adverse to the title as insured or which may cause loss or
damage for which the Company shall or may be liable by virtue of
this policy, such insured shall notify the Company thereof in
writing. If such notice shall not be given to the Company at least
two days before the appearance day in any such litigation, 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 insured, in respect to which loss or damage is apprehended,
then all liability of the Company as to each insured having such
knowledge shall cease and terminate; provided, however, that fail-
ure to so notify the Company 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 my other act which, in its
opinion, may be necessary or desirable to establish the title as
insured. In all cases where this policy permits or requires the
Company to prosecute or defend my action or proceeding, the
insured shall secure to it in writing the right to so prosecute or
defend such action or proceeding, 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, securing evidence, obtaining witnesses, prosecuting or
defending such action or proceeding, to such "tent and in such
manner as is deemed desirable by the Company, and the Company
shall reimburse the insured for any expense so incurred. The
Company shall be subrogated to and be entitled to all costs and
attorneys' fees incurred or expended by the Company, which may
be recoverable by the insured in my 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 construc-
tive knowledge or notice which may be imputed to the insured
by the public records.
3. NOTICE OF LOSS. LIMITATION OF ACTION
A statement in writing of my loss or damage for which it is claimed
the Company is 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 for the recovery of any
such loss or damage shall be instituted or maintained against the
Company until after full compliance by the insured with all the
conditions imposed on the insured by this policy, nor unless com-
menced within twelve months after receipt by the Company of
such written statement.
4. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS
The Company reserves the option to pay, settle, or compromise for,
or in the name of, the insured, my claim insured against 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 coats
which the Company is obligated hereunder to pay, shall terminate
all liability of the Company hereunder, including all obligations of
the Company with respect to any litigation pending and subsequent
costs thereof.
S. SUBROGATION UPON PAYMENT OR SETTLEMENT
Whenever the Company shall have settled a claim under this policy,
it shall be 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 subrogated 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 Company such rights, securities, and remedies, and shall
permit the Company to use the name of the insured in any trans-
action or litigation involving such rights, securities, or remedies.
6. PAYMENT OF LOSS AND COSTS OF LITIGATION. INDORSEMENT
OF PAYMENT ON POLICY
The Company will pay, in addition to my loss insured against by
this policy, all costs imposed upon the insured in litigation carried
on by the Company for the insured, and in litigation carried on
by the insured with the written authorization of the Company, but
not otherwise. The liability of the Company under this policy
shall in no case exceed, in all, the actual loss of the insured and
costs which the Company is obligated 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 to to. No payment may be demanded by any
insured without producing this policy for indorsement of such
payment.
7. DEFINITION OF TERMS
The following terms when used in this policy mean: (a) "named
insured ": the persons and corporations named as insured in Sched-
ule A of this policy; (b) "the inanred ": such named insured to.
gether with 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; (c) "date": the exact day, hour and minute specified in
the first line of Schedule A (unless the context clearly requires a
different meaning) ; (d) "taxing agency ": the state and each
county, city and county, city and district in which said land or
some part thereof is situated that levies taxes or assessments on real
property; (e) "public records": those public records which, under
the recording laws, impart constructive notice of matters relating
to said land.
B. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY
No provision or condition of this policy can be waived or changed
except by writing indorsed hereon or attached hereto signed by
the President, a Vice President, the Secretary, or an Assistant
Secretary of the Company.
9. NOTICES, WHERE SENT
All notices required to be given the Company and my statement
in writing required to be furnished the Company shall be addressed
to it at the office which issued this policy.
303, 50
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BOOK 22 PAGES 106, 7 OF/"1AP5
LOTS 179-208, 232 -261, 28B -313
BLOCK 123
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IV - 89O S3'49 "E
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BOOK 22 PAGES 106, 7 OF/"1AP5
LOTS 179-208, 232 -261, 28B -313
BLOCK 123
THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
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