D0891013 7 -55
California Land Title M ... i.fion
Standard Coverage Falk, Farm O(,
Copyright 1950
Fee $ v `i
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
1 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
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
byENT
Attest
SECRETARY
0
ilk�
1012A 8.53
Callfmi. Land Title Association
Standard Cayeraae Policy Porm SCHEDULE A
Cepyrlahl 1950
Amount $2,200.00 Date December 28, 1955, at 8 a.m. Policy No. 4439532
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.
i. Description of land in the county of Los Angeles, state of California, title to which is
insured by this policy:
That portion of lot 60 block 123 of E1 Segundo Sheet 8, in
the city of E1 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, described as follows:
Beginning at the southeast corner of said lot; thence North
54 09' 12" West 160.33 feet along the southerly line of
said lot- thence North 00 06l 3411 West 18.03 feet; thence
North 8g9 52' 50" East 139.25 feet to the east line of said
lot; thence south along the east line of said lot to the
point of beginning.
EXCEPTING all minerals, oil, gas and other hydrocarbon
substances in, on, within, under and that may be produced
from the above described lands and every part thereof;
provided, however, that this exception shall neither reserve
nor shall it be construed as reserving unto Grantor the
right to go upon the surface of said lands to extract said
substances but there is expressly reserved unto Grantor, her
successors and assigns, the sole and exclusive right to drill
into, under, across and through said lands at depths below
500 feet from the surface of said lands for the purpose of
taking, recovering and removing said substances in, on,
within, under and that may be produced from said lands and
every part thereof and in, on, within, under and that may
be produced from any other lands in the area, as reserved in
the deed recorded April 11, 1955 in book 47443 page 98, of
Official Records.
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1012B B -53
California lord Title A.t.clwwn
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 mining 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. Second installment of general and special county and
`6- city taxes affecting this and other property, for the fiscal
Pa- year 1955 -1956, amount $40.52.
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1012 -C 8.53
California Land Title Association
Standard Coverage Policy Farm
Copyright 1950
1. SCOPE OF COVERAGE
This policy does not insure against, and the Company
will nut be liable for low or damage created by or
using out of any of the following: (a) defect., lien.,
claims, encumbrwc -, or other maucm which result in
me pecuniary lose to the insured; (b) defect., line.,
encumbrances, or other marten created or occurring
subsequent a the data hereof; (c) defect., lien.,
.mctrrnb,A.mv, or ether molten created or .offered by
the in ured claiming arch low or damage; or (d)
defect., liens, claims, a umbrknce., o r other --tars
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 each insured claim-
ant acquired an estate or interest insured by this policy,
.ales. 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 defense. of the Company against • named
insured .hall be equally available against any person
or corporation who shall became an insured hereunder
w succnew, of each named insured.
2. 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 Ali litigation a n .f.,ag of soil... or proceedings
against the insured, or defenses, restraining orders. or
injunctions interposed against a foreclosure or wle of
said lend in s- is/actlon of any indebtedness, the
owner of which is insured by this policy, which Big..
t onis founded upon a defect, lien, encumbrance, or
other matter fn ured .,last by thin policy, snit may
pursue such litigation to final determination in the
,.art of last re[rt. In ca Any each litigation -hall
become known to any insured, or in case knowledge
.hall come to any insured of coy clam of title or
interest which L adverse to the title as insured or
which might 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 give. 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 .hall come to the
knowledge of such insured, in respect to which long
or damage is apprehended, then all liability of the
Company As to each insured having such knowledge
shall cease and terminate; provided, however, that
failure to so notify the Company shall in no ease prej-
udice the claim of any insured unless the Company
shell be actually prejudiced by such failure. The Cone
Party shall have the right to institute sort prosecute
any action or proceeding or do any other act which,
m its opinion, may be necessary or desirable to
establish the title, or any in , ured lien or charge, as
insured. To all cues where this policy permit. or
requires the Company to prosecute or defend any
action or proceeding, the insured .hall secure to it in
writing the right to eo prosecute or defend such Action
o, proceeding, and all appeals therein, and permit it
to use, at it. option, the same of the insured for such
purpose. Whenever requested by the Company the
insured shall assist the Company in any such action
or proceeding, i n effecting settlement, securing evi-
dence, obtaining witnesses, prosecuting or defending
such action or proceeding, to such extent and in such
manner as is deemed desirable by the Company, and
the Company shall reimburse the insured for any
express sin incurred. The Company shall be eabrogatad
1. and be entitled to 41 costs cad Art ...yi fen As
STIPULATIONS
curved or expended by the Company, which may be
.arable by the insured in any litigation carried
on by the Company an behalf of the insured. Th.
Ord "knowledge' in this paragraph means actual
knowledge, and does not refer to constructive knowl-
edge r notice which may be imputed to the insured
by Cbe public records.
3. NOTICE OF LOSS. LIMITATION OF ACTION
A statement in writing of any Iota or dams, far which
it is claimed the Company is liable under this policy
shall be furnished to the Company within sixty days
After such lass or damage shall have been Ascertained.
No action or proceeding for the recovery of any such
low or damage shell 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 commenced within
twelve months alter receipt by the Company of such
wNgee statement.
4. OPTION TO PAY, SETTLE, OE COMPROMISE
CLAIMS
The Company reaction t.
the option to p, settle, or
compromise for, or I. the ns s of, the insured , any
claim insured A wroa or to pay this policy in full at
any time, and payment or tender of payment of the
full amount of this policy, [nether with all accrued
caste which the Company Is obligated hereunder to pay,
shall terminate all liability of the Company hero-
under, including all obligation. of the Company with
—pen to any litigation pending and subsequent cat.
thereof.
S. SUBROGATION UPON PAYMENT OE SETTLE.
MENT
Whenever the Compaq shall base settled A claim
under this policy, it shall be whrol to And be
entitled to all rights, securities, and remedies which
the insured would have had Again- wy person or
property in respect Lo such claim, had this policy at
been issued. If the payment don not cover the loss
of the insured, the Company shall be .ubrogated to
such right., .erunlle., and remedies in the Proportion
which said payment Learn to the amount of said loan.
In either event the insured shall transfer, or ..use to
be transferred, to the Company such rights, securities,
end ruination, and shall permit the Co.,., to we
the name of the insured in nut 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 case any
loss is claimed under this policy by an insured owner
of • indebtedness assured by mortgage or deed of
act, to pay such in ured the indebtedness of the
mortgagor or truster under said mortgage or deed of
trust. together with all costs which the Company is
obligated hereunder to pre, in which cue the Cam.
piny shall become the owner of, and such insured
.bell at once wi, cod transfer to the Company, aid
mortgage or deed of Less and the iodebtedvms there.
by wanted , sad such payment shall terminate All
liability seder this Policy to each ignored.
T. PAYMENT OF LOSS AND COSTS OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pry, in addition to any Ins Insured
.gains[ by this policy, .11 costs imposed upon the iv
ured 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 at
otherwise. The liability of the Company under this
policy shell in is. case teed, in all, the Act..] lo-
ot the insured and costs which the Company is obligated
hereunder to pay, and in n came shall such total
liability exceed the amount of this policy and ..id
costs. All px,mamvt. under this policy shall reduce the
amount of the insurance pro unto, and payment of low
or damage to an insured owner of indebeduess shall
reduce, to that extent. the liability of the Company to
the insured owner of said land. No payment may be
demanded by any insured without producing this policy
for indorsement of such payment.
8. MANNER OF PAYMENT OF LOSS TO INSURED
Lose under this policy shell be payable. firer, to any
insured owner of indebtedness secured by mortgage or
deed of trust Shown in Schedule B, in order of priority
therein shown, and if such ownership Years in more
than ..a. payment shall be made ntshly A their
respective interests may appear, And thereafter any
loss shell be payable to he other insured, and if more
than one, then to such insured ratably as their respee
Live interests may appear. If there be na such insured
of indebtedness, Any low shell be payable to
the in insured, and if more then one, to such insured
ratably w their reepeaive inmresta me. Appear.
9. DEFINITION OF TERMS
The following term. when used in thin policy m
A) sued i ured": the persons And corporations
sued A ured in Schedule A of this policy; (b)
"the insured ": such named insured together with (I)
each successor in ownership of any indebtedness
crated by any mortgage or deed of trust shown in
Schedule B, the aware of which indebtedness he
named herein as an insured, (2) any such owner or
sin r ownership of any etch indebtedness who
acquire the land described in Schedule A or any
part thereof, by lawful mean in satisfaction of said
indebtedness or any Part thereof, (3) any governmental
agency or instrumentality acquiring said land- under
an ontract or guarantee insuring or Bear -
Ansee ngsaid indebtedness or say part thereof, end
(4) any person at corporation deriving • estate or
interest in said land es a heir or deviate of • named
insured or by reason of the dissolution, merger, or
consolidation of a corporate named insured; I.)
land ": the lead described ePgrifoell, or by reference
in Schedule A and improvement. affixed thereto which
by law constitute real properly; (d) "date ": the
exact day, hour and minute specified in the Brat line
of Schedule A inches the context clearly requires s
different me ning) ; (e) "taxing Agow, the Sure
and each County, City and county, city and district
in which said land or some part thereof a situated that
levies taxes o -ems o rat property; (f)
"public records": public records which, under
the recording laws, impart constructive notice of mat
ter. relating to Aid Lad.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provision or condition of this policy rn be waived
or changed except by writing Initiated League or at.
,ached hereto signed by the president, A Vice Trani.
dent, the Secretary, or an Assistant Secretary of the
Company.
11. NOTICES, WHERE SENT
All notice required to be given the Company and any
statement in writing required to be furnished the Com.
pan, shall be Addressed to it at the office which word
this Policy.
ME �.
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BOOK 22 PA OES 106,7 OFMAPS
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BLOCK' /23'
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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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BOOK 22 PA OES 106,7 OFMAPS
LOTT 1-13, 44 -69, 100 -125, 156 - 17B, 209 -219
BLOCK' /23'
2/9,ro-
THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
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