D088B1012 2 -55
Calic,,ip Laod rilb Aseoclmi.o
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:
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 44"�4'5,r� EstuENT
Attest 44�t
SECRETARY
3AS
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 t,.rs ,J
111""""`FFF
3. Any defect in, or lien or encumbrance on, said title, existing at the date hereof, not p
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
5. 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
by 44"�4'5,r� EstuENT
Attest 44�t
SECRETARY
3AS
1013A 0 -53
California Land Title Association
Standard Coverage Policy Form
Copyright 1950
cmz
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 -B
2. Description of land in the county of Los Angeles, state of California, title to which is
insured by this policy:
Lot 9 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.
10128 8.53
Galifornlp land Tile A ... dption
8tpnd.,d 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. Special county and city taxes for the fiscal year 1955 -
4A 1956.
2. An easement over said land for pipe lines and incidental t
purposes, granted in deed to Standard Oil Company of California, �'
recorded May 10, 1938,
3. A community oil and gas lease known as "E1 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 said land
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 said land 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 by this
policy.
caw
101E -C 8 -53
California Land Title Association
Standard Coverage Policy Form
Copyright 1950
1. SCOPE OF COVERAGE
This policy don n o insure against, and the Company
will at be liable for lms or damage created by or
arising out of any of the following: (a) defects, liens,
claims, cobrin
a .,he, menera which result in
no pecuniary lose to the insured; (b) defects, lines,
encumbrances, a, other matters created o occurring
subsequent to the date hereof; (c) defects. liens,
cumbrames, or other matter. created or Buffered by
the insured claiming such lose or damage; or (d)
defects, lien., claims, encumbrunce., o r other matters
existing at the date of this policy and known to the
in ured claiming such lo.. or damage, either at the
date of this policy or at the date such insured claim.
ant acquired an estate or interest ins red by ibis policy,
unless such defect, lien, claim, encumbrance or other
matter shall have been dieclmed to the Company in
writing prior to the i .... at. of this policy or appeared
at the date of this policy on the public records. Any
rights or defenses of the Company against a named
meured shall be equally available mBuim, may person
or corporation who shall become an insured hereunder
ae euccnsor of each named insured.
S. DEFENSE OF ACTIONS. NOTICE OF ACTIONS
OR CLAIMS TO BE GIVEN BY THE INSURED
The Company at its own Dust shall defend the insured
in It liillation, consisting of action. or proceedings
against the insured, or defenses, restraining Dollars, or
injunctions interposed against a foreclosure or sale of
said land bi eatidatio° of a.y indebtednen, the
owner of which in insured by this policy, which htiga.
eon is founded upon a defect, lien, encumbrance, or
other matter insured against by thin policy, and may
pursue each litigation to firs] determination he the
court of last revert. In case any such litigation shall
become known to any insured, or D care knowledge
.hall Dome to any i.... ed of smy clatm of title or
interest which is adverse to the title ae insured or
which might cause lose or damage for which the
Company shall o 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 lust two days before the appearance day
in any each litiptiow or if each insured shall van, in
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. in respect to which low
or damage is apprehended, the. all liability of the
Company a- to each iv ured having each knowledge
shall cease and terminate; provided, however, that
failure to so notify the Company shall in Do ,w prej-
udice the claim of any insured unless the Company
shall be actually prejudiced by such failure. The Core
pony .hall have the right to institute and prmen°le
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
i ured. In all ,once where this policy permits or
requires the Company to prosecute or defend any
action or proceeding, the inured shell secure to it in
writing the right to no prosecute or defend such action
or proceeding, and all appeals therein, and permit it
tu ow, at its °Prior, the . of the i... red for .sell
purpose. Whenever requested by the Company the
insured shall assist the Company in any such action
r proceeding. in effecting settlement, wourm, ont.
dance. obtaining wiawse.. ....tenting or defending
such action or proceeding, to such extent and in such
e is owned desirable by the Company, end
th minor, e
Company shall reimburse the insured for any
expense .o incurred. The Company shall be subropted
m ceed be entitled to all cow. and at,...,. few in
STIPULATIONS
curved or expended by the Company, which may be
occestridble by the insured is any litigation c allied
on by the Company on behalf d the insured. The
word "knoeslecip' to this paragraph means actual
knowledge, and does not refer to constructive knowl.
edge o n notice which may he imputed to the insured
by the public record..
3. NOTICE OF LOSS. LIMITATION OF ACTION
A statement in writing of any loss or damage for which
it in claimed the Company is liable under this policy
.bull be furnished to the Company within six,, days
after such loss or damage shall have been entertained.
No action or proceeding for there oven of any such
loss or damage .hall be Dominated or maintained
spinet the Company until afar full compliance by
the in ured with afl the conditions imposed on the
ured by thin policy. n unless recommend within
twelve months after receipt by the Company of much
carmen abnormal
4. OPTION TO PAY, SETTLE, OR COMPROMISE
CLAIMS
The Company re rso the .,no. m pay, metric, or
ompmmme for r In the ..m s of, the i red, any
claim inured agate or to pay this policy in full at
any time, and payment or tender of payment of the
full a um of this policy, together with all accmued
caste which the Company is obligated hereunder to pay,
shell terminate all liability of the Company here.
under, including all obligations of the Company with
respect to any litigation pending and subsequent cents
thereof.
5. SUBROGATION UPON PAYMENT OR SETTLE-
MENT
Whenever the Company shall have settled a claim sa
under this policy, it shall be subrogeted to d be
entitled to all rights, securities, and remedies which
the i ... red would have had against any pane. a
property in respect to much claim, had thin policy net
been issued. If the payment dean not cover the loss
of be i ... red, the Company shall be mubrogated to
such rights, wcuritiee, and remedin to the proportion
which said Palmer, belle to the amount of said lens.
I. tithe, even, the I ... red chill transfer, or ease to
be transferred, to the Company each ri hoe, securities,
end remedies, and shall permit the Company to m
the Dean of the i ... end I. soy transaction or litigation
involving such rights, securities, or remedies.
E. OPTION TO PAY INSURED OWNER OF M-
DEBTEDNESS AND BECOME OWNER OF SECURITY
The Company has the right and option, iv cue any
I... is claimed under eh" policy by an insured owner
of a i.debted.me se ured by mortgage or dead of
trust, to pay such it ured the indebtedness of the
mortgagor or auato, under said marquge or deed of
trust, together with all costs which the Company as
obliptcd hereunder m pay, he which cue the Co..
piny shall become the owner of, and much insured
shall at once melp and transfer m the Company, old
montage or deed of treat and the imdebeedmew there
by accused. and much payment shall terminate all
liability under this policy to such "anted.
y. PAYMENT OF LOSS AND COSTS OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pay. iv addition to avy Ian immured
against by this polity, all cases impwed upon the im
ured in litigation carried on by the Company for the
ured, and iv litigation carried by the ignored
with the writing authorimtiovof Oe Company, but vet
otherwise. The liability of the Company under this
policy sbell no a coed, in all, the actual Ian
of the insured end cents which the Company u obligated
hereunder to pay, and Do n came shell such total
liability exceed the ....at of t6" policy and amid
coma. All payments under this policy shall reduce the
amount of the insurance pro tame, and payment of Imo
or damup to an insured owner of indebtedness shall
reds., to the, talent. the liability of the Company to
the insured Direct f mid lead. No payment may be
demanded by may insured without proctoring this policy
for indorsement of much payment.
B. MANNER OF PAYMENT OF LOSS TO INSURED
Lens under this policy shell be payable, first, to any
ured own r of indebtedness entered by mengage or
deed of trust shown in Schedule D, in order of priority
therein shown• end if such me enhip wits in more
than o e, payment .hall be made ratably as their
respect"w inteaete may appeaq mud thereafter any
lose shall be payable to the ether insured, and if more
than one, thin to such insured ratably am their rampec-
,iv. forest.. may appeu. If there be in such Insured
caner of indebtedness, any lose shall be payable m
the insured, cad if m are the. ..a. tu ouch I ... red
ratably an their collective interns may -Ppmr.
9. DEFINITION OF TERMS
The following term- when used in thin policy menu:
(a) "...ad ivmured ": the person... d corporations
named m insured in Schedule A of thin policy; (b)
the insured": such .moil insured together with (1)
each euccnsor in ownership of say indebtedness
.stated by any mnrigsg< or deed of trust .hewn iv
Schedule B, the Denver of which ivdsbted.am "
named herein as insured, (g) my such owner o
sin ownership sof any such indebtedness who
acquires the °lwd described in Schedule A or any
pan thereof, by lawful means in satisfaction of mid
mdebtedmm- or any part thereof. (3) any variational
agency or intrvmevWity acquiring mid land under
insurance an contract or guarantee insuring or guar
aureolegamid indebcedneam o I may part channel, ..d
(4) any lean. or corporation deriving • a mtata o
rotten[ in .aid land u me hair or destine of . named
Printed or by r ea oat of the d" mrg
solutiom ter, or
consolidation ofa corporate named insured; (a)
Im.d ": the land described epwifially or by ref......
in Schedule A and improvements affixed Discrete which
by law constitute real property ; (d) "date ": the
exact day, hour sad minute specified in the East line
of Schedule A (..I— the context clearly require. a
different scanning) ; (e) "taxing agency': the Suite
and each county, city and county, city and district
in which mid land or some part thereof c situated that
lev axes or wassu m ul. o real property; (I)
"public records ": theme public records which, under
the recording laws, impart constructive notice of out-
teas eelati.e to cad land.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provision or condition of this policy can be waived
r changed except by writing indorsed hereon or at-
tathed hereto signed by the President, • Vice Premf-
dent, the Secretary, or an Assistant Secretary of the
Company.
11. NOTICES, WHERE SENT
All voices required to be given the Company and any
statement in writing required to be fumubed the Com-
pany shall be addreued to it at the office which "sued
this policy.
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
9