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D088A1017 T55 California lord Title Arcociation Standard Coverage Policy form Copyright 1950 Fee $ 56.00 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 Com- pany, 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 land described in Schedule A being vested, at the date hereof, otherwise than as herein stated; or 2. Unmarketability, at the date hereof, of the title to said land of any vestee named �� herein, unless such unmarketability exists because of defects, liens, encumbrances, or other matters shown or referred to in Schedule B; or 3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not shown or referred to in Schedule B; or 4. 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 S. 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, such mortgage or deed of trust being shown in the order of its priority in Part Two of 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 byENT Attest SECRETARY 1* C11M 101SA 8.53 California Load Title A ,odatlon Standard Conmga Polity Form Copyright 1950 110-1 SCHEDULE A Amount $1,000.00 -- Date November 21, 1955, at 7 a.m INSURED CITY OF EL SEGUNDO, a municipal corporation. 1. The title to said land is, at the date hereof, vested in: CITY OF EL SEGUNDO, a municipal corporation. Policy No. 4438667 —A 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: Lot 8 in block 32 of E1 Segundo, in the city of E1 Segundo, county of Los Angeles, state of California, as per map recorded in book 18 page 69 of Maps, in the office of the county recorder of said county. EXCEPT mining rights. 1 V: 10120 s -53 California Land Title Association Standard Coverage Policy Form Copyright 1950 SCHEDULE B This policy does not insure against loss by reason of the matters shown or referred to in this Schedule except to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly insured in paragraphs numbered 4 and 5 on page 1 of this policy. PART ONE: This part of Schedule B refers to matters which, if any such exist, may affect the title to said land, but which are not shown in this policy: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing 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 which are not shown 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 thereof, 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 the land or any improvement thereon, or any zoning ordinances prohibiting a reduction in the dimensions or area, or separation in ownership, of any lot or parcel of land; 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 to which said title is subject: 1. Any special county and city taxes for the fiscal year 1955 -1956. 2. A community oil and gas lease known as 11El Segundo Community Lease No. 2 -B11, dated April 3, 1937, covering this and other property, executed in various counterparts, in favor of Elsie Oil Company, a corporation, lessee, for the term of three years from date and so long thereafter as lessee in good faith shall conduct drilling operations thereon as therein provided, or so long as oil or gas or other hydro- carbon substances are produced therefrom in paying quantities, upon the terms, conditions and covenants therein provided. A counterpart executed by John Watson as owner of lot 8, was recorded December 11, 1937, in book 15293 page 366 of Official Records. A counterpart executed by John Watson and Elspeth Watson, husband and wife, as owners of lot 8 was recorded April 30, 1938, in book 15789 page 49 of Official Records. The present ownership of said leasehold and other matters affecting the interest of the lessee, are not shown in this policy. a Ou 1012 -C 8 -53 Calif... in Land Title A.... iation Standard Coverage Policy Form Copyright 1950 1. SCOPE OF COVERAGE This policy does not insure against, and the Company will not be liable far loes or damage created by ur ,ing out of any of the following: (a) defects, lie n , claim., encumbrances, or other matter. which resell is no pecuniary loss to the insured; (b) defects, lien., enciturbeinces, or other mane.. created n ring subseque.t to the date hereof; (c) defect., liens encumbrances, or other matters created or suffered by the insured claiming ssmh ]..a or damage; or (d) deieene liens, claims, arriandeleare., o other matte,- aiming .1 the dote of this policy ead r known to the insured claiming such loss or damage, either at the date of this policy or at the date Such insured claim. ant 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 delemen of the Company against a named insured shall be equally available against may gateaurs or corporation who shall become an insured hereunder as Successor of such named insured. 2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS OR CLAIMS TO BE GIVEN BY THE INSURED The Company at its awn cost Shell defend the insured in all litigation consisting of actions or proceedings .gain., the insured, at defeae m, restraining .,de,-, or injunctions interposed against a foreclosure or sale of .aid lead to aubfamiov of any indebtednea, the or of which in insured by this policy, which litip- lienis founded upon a defect, lien, encumbrance, or other matter insured against by thin policy, and easy palace ach litigation to firm] dctermination in the court of last resort. In came any such litigation shall become known to any insured, ar t se knowledge shall come to any insured of any claim of title or interest which is adverse to the title a insured or which might cause loss or damage for which the Company .hall or may be liable by virtue of this policy, such insured shall notify the Company thereof in writing. If such notice .hall not be given to the Company at least two days before the appearance day in any such litigation, or if much insured shall not, to writing, promptly notify the Company of any defect, lien, encumbrance, or other matter insured against. or of any such adverse claim which Shall came to the knowledge of such insured, to respect m which I- or damage is apprehended, then all liability of the Company as to each insured having much knowledge shall cease and terminate; provided, however, that failure to .o notify the Company shall in no came peel. entice the claim of any insured unless the Company shall be actually prejudiced by much failure. The Com Party -hall have the right to institute nod promeate any action or proceeding or do any other Set which, I. its opinion, may be v eery or desirable re, establish the title, or any insured lien or charge, a .... ed. 1e ell case. where this policy permits or requires the Company to prosecute or defend any actin. or proceeding, the heated shall secure t. it to writing the right to so prosecute or defend such action or proceeding, and 311 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, to effecting settlement, Securing e . donee, obtaining wit.m.c., proaecttiog or defending each action or proceeding, to such career and in ach m is directed desirable by the Company, gait the ,- Company shall reimburse the insured for any expense so incurred. The Company Shall be subrogated to mad be entitled to all costs sod attoncyi few in STIPULATIONS curled or expended by the Company, which may be recoverable by the insured in any litigation carried .a by the Company me behalf of the insured. Th. word "knowledge' in this paragraph mean. actual knowledge, and does not refer to constructive knowl- edge r notice which may be imputed m the insured by the public records. S. NOTICE OF LOSS. LIMITATION OF ACTION A statement in writing of any Iws or damage for wbieh it it claimed the Company is liable under this policy Shall be furnished to the Company within Sixty days after such lose or damage shall have been ascertained. No action or proceeding for the colors, of a.y such Iws me damage shall be immitmed or ummusiand 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 nritlN atatemWt. 4. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS The Company re ea the option to pay, settle, or ompromme far, orris the ...a of, the insured, any claim insured against or to pay this policy in full at any lime, and payment or tender of payment of the full a Sant of this policy, together with all accrued costa which the Company is obligated hereunder to pay, shall terminate all liability of the Company hero- under, including all obligations of the Company with ,-peel 1. say litigation pending and aabaqueet seem thereof. S. SUBROGATION UPON PAYMENT OR SETTLE. MENT Whenever the Company shall have settled a claim under this policy, h shall be sabrogated to and be entitled m all rights, ur me sitim m , and reedies hi wch n the iured would have had against any pace.. or property in respect to such claim, had thin policy not been issued. If the payment date not cover the lots of the i ... led, the Company shall be subrogated m such lighta..ecnritiee, sad remedies in the proportion which said payment bears to the amount al said loss. r.va S 1. title, event the insured shall tfer , ps , or u to be transferred, to the Compay ..cis rights, Securities, and remedies, and shall permit the Company to we the name of the insured in any transaction or litigation involving such rights, securities, or remedies. 6. OPTION TO PAY INSURED OWNER OF IN- DEBTEDNESS AND BECOME OWNER OF SECURITY The Company has the right and option, in we any I... is claimed under this policy by ao insured mover of a i.debtedn -• me ured by morrpge or deed of trust, to pay such insured the indebtedness of the mortgagor or truster under aid mortgage or deed of trust, together with all costs which the Company is obligated hereunder to pay, he which cue the Co.. parry shall become rise owner of, and much insured .hall at once aeip sad lignites to We Company, aid mortgage or deed of trust ad the todebtednesa there- by secured, and such payment Shall terminate all liability under this policy, to Such inured. T. PAYMENT OF LOSS AND COSTS OF LITIGATION INDORSEMENT OF PAYMENT ON POLICY The Company will pay. to aeldilio. to any Iws boosted against by this policy, ell costs imposed come the in. ured in litigation carried an by the Company for the ured, and to litigation carried on by the insured with the written authorirationof line Company, but not otherwise. The liability of the Company under this policy shall in a. me end, in .11, the •anal lees of the insured and costs which the Company is obligated hereunder to pay, and s n case shell such taut liability .reed the ....at of rhim policy and Said costs. All payments under this policy shall reduce the amount of the insurance pro lama, and payment of loss urn damye a an mood aware of indebtedness. shall reduce, to that extent, the liability of the Company to the insisted aware of Said land. No paymal may be demanded by any insured without producing this policy Far tadone...I of such payment. B. MANNER OF PAYMENT OF LOSS TO INSURED Lost under this policy shall be payable, file, to ay insured owner oI indebted.-. secured by morgap or deed of trust shown in Schedule B, in order of priority therein shown, and if such ownership vssts in more them c e, payment shall be made ratably u their respective forecasts may appear, and thereafter may loss shall be payable to the other treated, end U more than ore, then la much insured ratably me their rsspec- live interests may appear. If there he So such tarred e of indebtedness, may loss shall be payable to the assured, mail if m are than ..a, to each insured ratably a their respective interests may appear. 9. DEFINITION OF TERMS The following terms when used in this policy muse: (a) "named insured': the persons and corporations insured in Schedule A of thin policy; (b) named a the insured": such named insured together with (I) each • u or r n waehip of any indebtedness secured by any mortgage or deed of trues shown tut Schedule B, the owner of which indebtednea la earned herein a as insured, (2) ay each ..a or successor ownership oaf any such ludebtedmeas who acquirer the land described in Schedule A or ay part thereof, by lawful means in satisfaction of aid indebtednea or any part thereat, (3) any govermmaml agency or Instrumentality acquiring said land under insurance an contract or guarantee insuring or guar anteeingaid indebtedosss or any pan thereof, and (4) ay permit. or c.,menthre deriving an axle or interest to aid land as an heir or devise of a named insisted or by ear o. of the dissolution Screw, or consolidation of corporals named insured; (c) lad": the lend described specifically or by reference in Schedule A and improvement. slfised tberem which by law constitute real property; (d) "date" : the act day, hour and clients specified in the first line of Schedule A (..I. the contest clarly require. a different meaning) : (m) "axing alacr': the Stan mad ach county. city .ad a unty. airy ad district in which aid land or some part thereof u situated that levies Iran . m n enu o real property; (1) "public records" •theme public records which, under the recording laws, impart constructive entice of mat. ten relating to aid lad. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy are be waived or changed except by writing indamed heresse or at. ached hereto signed by the President, . Vice Preaf- dmat, the Secreaq, or an Assistant Secret.,, of the Co.".,. 11. NOTICES, WHERE SENT All notices required to be given the Company and any etatemm in writing required to be furnished the Core. pay Shelf be addressed to it ar the tafiee which issued thine pokey. A `k 1• m. V Q J e 150 II U L� Q GRAND A-V& G 6o 0 6o So so so So 60 0 60 h 5 T12 6 /7: 7 /6 9 /5 9 14-, /o /3 M /10/ I //O �4 O 60 0 60 50 60 50 50 .36 0 55 H // io%8 6 /7 7 /G /5 9 /4 /o /3 v° <! //% /05. 6 b v, FRANKL /N AVE 4 2 23 y 3 40 2014 4 2/ S 20 6 /9 7 /B 8 /7 9 /6 : h /o /5 14, /4 o i /3 40 - EL SEGUAIDO v — .56.9069'E - EL ,SEGUNDO BLOCKS /, 2; 31 & 32 M. S. /e -69 V 60 I r 0 THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. 4 2i 5 20 6 /9 7 /8 B /7 9 /6 : h /o /5 d. - EL SEGUAIDO v — .56.9069'E - EL ,SEGUNDO BLOCKS /, 2; 31 & 32 M. S. /e -69 V 60 I r 0 THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.