D0320
OFFICERS
GLENN A. SCHAEFER, .
T. W. HANNON., vice • ceC.AEL
RUSSELL 5 PADGET, vxC[ Pn
M S PORTER,v CS 1 Eao[xi OP xITEIDEIT O Pop uL IOxa
OEO H. WOODRUFF, v CE vaE —ENT
,AS. R. FORD, VINCE.MICAGINI ..G -NAGNP LOS ANGELES OFFICE
L. J. RICE, TITLE —GES
WALTER B. HI.SEY,.1 ..EV
WOODRUFF, MUSICH & HARTRE
TITLE AND ESCROW DEPARTMENT
SECORITY TITLE INSURANCE BUILDING
530 WEST SIXTH STREET
TELEPNOxE TRINITY 6111
Amount $ 311000. 00
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LOS ANGELES, CALIFORNIA
Policy No. - -
OFFICES
LOS ANGELES SANTA ANA
RIVER310E FRESNO
SAN BERNARDINO MADERA
EL CENTRO MERCED
SANTA BARBARA MODESTO
SAN LUIS OBISPO STOCRTON
VENTURA JACKSON
VISALIA SAN ANDR EAS
HANFORD SCNOEA
BAKERSFIELD
Order No. 721575
The Company by this Policy of Title Insurance
In consideration of the payment of its premiums and charges for examination of title
DOES HEREBY INSURE
THE CITY OF EL SEGUNDO,
a Ttunicipal corporation,
of Los Angeles County, California,
against loss or damage not exceeding
in all the sum of - - - - - - THIRTY-ONE 7TOUSATID - - AN - - - - - - DOLLARS,
which the said Insured shall sustain by reason of any incorrect statement in this Policy concerning the
title to the real property hereinafter described, or concerning the lien or priority of any encumbrance
thereon, or by reason of any defect in, or lien or encumbrance on the title of the person or persons in
whom title is herein vested, and, as to one insured as mortgagee, beneficiary or trustee under a deed of
trust, or other lien holder or encumbrancer, by reason of any defect in, or invalidity of such mortgage,
trust deed or other lien or encumbrance, or by reason of any defect in, or lien or encumbrance on the title
of the party or parties executing or creating the same; excepting only the defects, liens, encumbrances
and other matters hereinafter mentioned in the statement of title or in the conditions and stipulations
of this Policy, which said statement of title and conditions and stipulations are hereby made a part of this'
Policy.
The TITLE of said real property hereinafter described IS VESTED IN
THE CITY OF EL SEGUD?D0,
a Municipal corporation,
of Los Angeles County, California.
This Policy Number. ... .._.7 ?.s 576 ........... consists o[ ....... .f.�Ye _. ...... pages, which are numbered at the end of each page.
_1_
3. Taxes of the fiscal year 1930 -1931.
4. County and City taxes of the fiscal year 1929 -1930,
as follows:
(a) On one -half of vacated alley adjoining on
the South and Lots One (1) to Four (4) inclusive,
second installment, One Hundred Three and 23/100 Dollars
($103.23) and penalty. Assessment No. 831417.
(b) On one -half vacated alley adjoining on the
North and East and Lot Seven (7), one -half of vacated
alley adjoining on the East, and Lot Twelve (12), one -
half of vacated alley adjoining on the Plest and Lots
Fourteen (14) to Seventeen (17) inclusive, and one -
half of vacated alley adjoining on the ?JUest and East
and Lot Eighteen (18), second installment, One Hundred
Twenty -five and 03/100 Dollars ($125.03) and penalty.
Assessment No. 831419.
(c) On one -half of vacated alley adjoining on
the East and Lots Eight (8), Ten (10), and Eleven
(11), and one -half of vacated alley adjoining on the
West and Lot Thirteen (13), second installment, Twenty -
four and 16/100 Dollars ($24.16), and penalty. Assess-
ment No. 831421, which includes the current installment
of:
(a) Assessment Nos. 100, 101, 102, 94, 95, 96, 97,
98 and 99, covering Lots One (1) to Three (3) inclusive
and Thirteen (13) to Eighteen (18) inclusive, for improving
This Policy Number .... ._.72.57.5.._. .... consists of ............ £i.Y_e --- ,----- pages, which are numbered at the end of each page.
—2—
Main Street, recorded June 4, 1924 in ??ook R of I, Page
63, Records of the City Treasurer of the City of E1
Segundo. Original amount of assessments, Thirty -three
Hundred Thirty -nine and 04/100 Dollars ($3339.04), payable
in ten (10) annual installments to be collected with
municipal taxes.
(b) Assessment Nos. 394, 393, 392, 391, covering
Lots One (1) to Tour (4) inclusive, for improving irirm,inia
Street, recorded June 19, 1925 in R of I Book, Page 79,
Records of the City Treasurer of the City of E1 Segundo.
Ori'c'insl amount of assessments, Sixty -three and 33/100
Dollars ('?'63.33) each, payable it ten (10) annual installments
to be collected with municipal taxes.
(c) Assessment Nos. 723 and 833, covering Lots
?Four (4) and 'Fifteen (15), for improvin^ Lateral District
Lde. 2, recorded f:pril 22, 1927 in '? of I ,00', TIaFe 134,
Records of the City Treasurer of the City of El Segundo.
Original amount of assessments, Fifty -four and 25/100
Dollars (;454.25) each, payable in ten (10) annual install-
ments to be collected with municipal taxes.
5. Conditions and restrictions contained in the deeds from
the Los Angeles Trust & Savings Rank, recorded in Book
6545, Page 134 of Deeds, affecting Lot Three (3); in Book
7292, Page 306 of Deeds, affecting Lot ^our (4); in Book
6815, Page 342 of Deeds, affecting Lot Seven (7); in Book
6746, Page 225 of Deeds, affecting Lot Ten (10); in Book
6176, Page 336 of Deeds, affecting Lot Eleven (11); in -look
6705, Page 132 of Deeds, affecting Lot Fifteen (15); in
Book 7299, Page 209 of Deeds, affeotir.g Lot Seventeen (17);
This Policy Number 72575 consists of five pages, which are numbered at the
end of each rage.
and in Book 5218, Page 94 of Deeds, affecting Lot
Eighteen (18).
DESCRIPTION
Lots One (1) to Eighteen (18) inclusive in Block
Eighty -five (85) of El Segundo, Sheet 3, in the 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.
ALSO the vacated alleys lying within said Block
Eighty -five (85) adjoining each of said Lots here-
inabove described.
This Policy Number 72575 consists of five pages, which are numbered
at the end of each page.
-4-
CONDITIONS AND STIPULATIONS OF THIS POLICY
I. CONSTRUCTION OF TERMS: The term "the insured" wherever used in this Policy, includes all described on
its first page as those whom it insures, their successors in interest, and all persons (holding an insurable interest) to
whom this Policy may be transferred, or to whom loss hereunder may be made payable, including all persons claiming
an estate or interest under the Insured by will or descent, also the wife as to her community interest, if the Insured is
a married man, and if the Insured Is a corporation, all persons claiming said estate or interest under it by operation of
law. The term "statement of title" includes the vesting, a list of numbered "Exceptions and Encumbrances," a descrip-
tion of the real property covered, and notes and comments, if any. The term "Company" wherever used in this policy
means the S_i—c=%T&v Ed apron Qomnns.
II. LIABILITY OF THE COMPANY: Except as otherwise shown by the statement of title contained herein, and
subject to the terms hereof, the Company hereby insures a marketable title to the estate or interest of the Insured,
who may be an owner or part owner of the real property herein described, or holder of an estate or interest in a mort-
gage, or deed of trust, or other lien or indebtedness shown as an encumbrance upon the fee simple title. As to one
Insured as owner or part owner, said list of numbered "Exceptions and Encumbrances" is a statement of all defects
and objections to said fee simple title, and the liens, charges and encumbrances thereon, and other matters against
which the Company does not insure, and as to one insured as mortgagee, or beneficiary or trustee under a deed of
trust, or other lien holder or encumbrancer, it Is also a statement, binding upon the Company,-as to the validity and or-
der of priority of such mortgage, deed of trust, lien or encumbrance. The Company may and will, at its own cost and
expense, defend the Insured in all actions or proceedings founded on a record claim of title or encumbrance prior in
date and time to this policy and hereby insured against. The Company will not be liable to anyone by reason of defects,
liens or encumbrances by such person created or suffered, or created subsequent to the date hereof, or resulting in no
pecuniary loss to the Insured; nor for any sum in costs, expenses and loss in excess of the amount of this Policy.
111. TRANSFER OF POLICY: The benefits of this Policy shall inure to each successor of the present estate or
interest of the Insured whether by conveyance, assignment, pledge or hypothecation thereof, and no assignment of this
Policy shall be required to secure such rights. A surrender of this Policy to the Company operates as a full cancel-
lation and thereupon a new Policy may be issued at a special rate.
IV. NOTICE —RIGHT OF ACTION: In case any action or proceeding is begun as mentioned in Paragraph II, and
the Insured shall be made a party thereto, or in case actual knowledge shall come to the Insured of such adverse claim
of title or interest, the Insured shall at once notify the Company thereof in writing and secure to it, in the name of the
Insured, the right to pay, satisfy, compromise, or, at the option of the Company, resist and defend such adverse claim
to final determination. If such notice shall not be given to the Company within thirty days after actual notice to the
Insured of the pendency of such action then this Policy shall be void, but only as to the Insured receiving such notice
and failing to notify the Company within said time, otherwise in full force. Right of action against the Company shall
accrue tinder this Policy (1) when and if after receiving such notice, it shall fail within a reasonable time, in the name
of the Insured, to institute and faithfully prosecute proper action to remove, or otherwise pay, satisfy, compromise or
defend to final determination, such adverse claim of title or interest, and (2) when there has been a final determination
by a court of competent jurisdiction adverse to the title as insured.
V. INSURANCE OF MORE THAN ONE PERSON —LOSS PAYABLE: In case two or more persons are insured
by this Policy the liability of the Company shall be deemed to be as their respective interests shall appear, and loss,
if any hereunder, Is hereby made payable as follows: First, to the insured mortgagee, beneficiary or trustee under a
deed of trust, or other lien holder or encumbrancer, to each in the order of priority as such mortgage, deed of trust or
other lien or encumbrance is shown by statement of "Exceptions and Encumbrances" herein; secondly, to one insured
as owner or part owner, and if more than one, to them jointly in proportion to their interests; provided, the transferee,
assignee, or pledgee of any estate or Interest hereby insured shall be substituted for the transferer, assignor, or pledgor
thereof, as to order of priority. Upon the payment, cancellation or release of the interests of all collateral holders hereof,
including the interests of all persons hereby insured otherwise than as owner or part owner, the full amount of this
Policy shall remain in force for the benefit of the owner or owners of the fee simple title if herein insured.
VI. AS TO PAYMENT: The Company reserves the option to settle any claim insured against by this Policy, or
to pay this Policy in full; and the payment to the full amount of this Polley shall terminate all liability of the Company
hereunder. All payments under this Policy shall reduce the amount of the insurance pro tanto. No payment or settle-
ment can be demanded of the Company without producing this Policy for indorsement of the fact of such payment or
settlement. If this Policy be lost, indemnity must be furnished to the satisfaction of the Company.
VII. SUBROGATION: Whenever the Company shall have settled a claim under this Policy, it shall be entitled to
all of the rights and remedies which the Insured would have against any other person or property In respect to such
claim had this Policy not been made, and the Insured will transfer or cause to be transferred to the Company such rights,
and permit it to use the name of the Insured for the recovery or defense thereof. If the payment does not cover the
loss of the Insured, this Company shall be subrogated to such rights, in the proportion which said payment bears to
the amount of said loss not covered by said payment. And the Insured warrants that such right of subrogation shall
vest in the Company unaffected by any act of the Insured.
IN TESTIMONY WHEREOF, The $w_TiyTiG� =nowd6 =tins �npry has caused these presents to be signed by Its
officers duly authorized under its corporate seal at its office In the city of ------ Los ... aIIz2109-------- , California,
this...... _27th day of ........ -$X'. C.rl.. ... , in the year one thousand nine hundred and
.thi.rt7 ...... ... ...::..... _._.., at.. i.1,3Q ------- o'clock ..... a_ «M.
eau jtef Meueenee mid uenmss /� �I
lay. _.....V.. .._..- ° ....... ..........__. ...--- °-- ...-- .._..- -- Its President.
Its Assistant Secretary.
PP
ry2575......... consists of _.,.,,,,,_pages, which are numbered at the end of each page.
This Polley Number .................... ._.__
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