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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 E.L /NE OREG01 SO' W/L O53 "52 "E . 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