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D0961017 6 -53 California tend Tills Auucialion Sfondard C ... raea Policy Ferm Cacrri,ht 1950 Fee $ / Ere 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 �( J 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 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 9K7 4,�' aZ4. PRESIDENT Attest SECRETARY mjk 1014A 8.53 California land Title Association Standard Coverage Poiw Form SCHEDULE A Copyright 1950 01� Amount $32,500.00 Date February 28, 1955 at 8 a.m. Policy No. 4248005 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. 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: PARCEL 1: Lots 31 and 32 in block 61 of E1 Segundo, in the city of E1 Segundo, 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. PARCEL 2: Lots 33 and 34 of block 61 of E1 Segundo, in the city of E1 Segundo, 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 10128 &50 C.I furolp tond ilne Auociolfon Standard Coverage Polk, 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 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 persona 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 occupany, 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 city taxes for the fiscal year 1954 -1955, amount $152.46. 2. Covenants, conditions and restrictions contained in the deed from the city of E1 Segundo, recorded prior to February 15, 1950 in book 26176 page 86, Official Records, which con- ditions provide that a violation thereof shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value. 1 e,� 1012.0 8-53 California Land Title Association Standard Coverage Policy Form Copyright 1950 1. SCOPE OF COVERAGE This policy does not insure against. and the Company will not be liable for law or damage created by or arising out of any of the following: (a) defects, liens, clams, encumbrances, or other matters which result in no pecuniary loss to the insured; (b) defects, lira, ,mbro.m., at other matters c Bated or occurring subsequent to the date hereof; (c) defame, lien., cumbrances, or other matters created or suffered by the insured claiming such Iwo or damage; or (d) defects, liens, claims, en umbrknew, or other matters existing at the data of this policy and known to the insured claiming such loss or damage, either at the data of this policy or at the date such insisted claim- ant acquired an estate or interest insured by this policy, unless such defect, lien, claim, en umbnnce or other matter shall have been dl.dw.d to the Company in writing prior to the houtere of this policy or appeared at the date of this policy on the public records. Any rights or defence. of the Company against a named insured shall be equally available against any person 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 own coat shall defend the insured in ell litigation c v .baths, of actions or proceedings against the insured, defenses, restraining orders, or injunctions interposed against a foreclosure or sale of said lead In uti.factiou of any indebtedness, the or of which is insured by this policy, which lib's. tion is founded upon a defect, lien, encumbusow. or .,her matter insured epim, by this policy, and may pursue such litigation to beat dommunstioa in the court of lest resort. In case any such Btigal shall become known to any insured, or in case knowledge shall come to any insured of any claim of title or tnteaat which is adverse to the title ae hunted or which might cause loss or damage for which the Company shall o may be liable by virtue of this policy, such insured shell notify the Company thereof in writing. If such notice shall no, be give. to the Company at but two days before the appearance day to any such litigation, or if each insured .ball not, in writing, promptly notify the Company of any defect, lien, encumbrance, or other mutter insured against, or of any such adverse claim which shall come to the knowledge of such insured, in respect to which lots or damage is apprehended, then all liability of the Company as to each insured having such knowledge .hell cease aad terminate; provided, however, that failure to so notify the Company shall in no case prep udice the claim of any iasored unbesc the Company shall be actually prejudiced by such failure. The Core pony .hall have the right to institute and prosecute any action or proceeding or do any other act which, in its opinion, may be necessary or desirable to establish the title, or a.y in s ured Its. or charge, a. sit ured. In all ewes whore this policy permits or requires the Company to prosecute of defend any 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 purpoe. Whenever requested by the Company the insured shall assist the Company in any such action or proceeding, in s effecting settlement. ring c dente, obtaining witnesses, prosecuting or defending such action or proceeding, to such extent suit he such manner as is deemed desirable by the Company, and the Company shell reimburse the insured for any eepeeae an incurred. The Company .hell be eubromtN to and he entitled to all costs and attorneys fees in. STIPULATIONS curred or expended by the Company, which may be recoverable by the insured in any litigation carried on by the Company an behalf of the insured. The word "knowledge in this paragraph means actual knowledge, and does not refer to constructive knowl. edge o r notice which may be imputed to the insured by the public records. 3. NOTICE OF LOSS. LIMITATION OF ACTION A statement in writing of any Iwo 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 Iwo or damage shell 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 ured by this policy, n or unless commenced within twelve months alter receipt by the Company of such written uste.l. 6. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS The Company re the option to p, smile, or m opmmise far, orvea t. to the name of, the insured, coy 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 accused cons which the Company is obligated hereunder to pt., shall terminate all liability of the Company here. under, including all obligations of the Company with impact to any litigation pending and subsequent costs thereof. S. SUBROGATION UPON PAYMENT OR SETTLE- MENT Whenever the Company shall have .rued • claim under this policy, it shall be .abrogated to and be ..titled m ell rights, securities, and remedies which the insured would have had against any prime or property I. respect to such claim, had this policy not bee. issued. If the payment does not cover the loos of the insured, the Company shall be anbmgated to such rights, securities, and remedies in the proportion which said payment bean to the amount of said loss. In either ever the insured shall trawler, or cause to be transferred, to the Company such rights, securities, and remedies, and shall permit the Company to a the name of the insured in any transaction or li,iptim involving such rights, securities, or remedies. 6. OPTION TO PAY INSURED OWNER OF IN. DEBTEDNESS AND BECOME OWNER OF SECURITY The Company hoe the right and option, in cae say I... is claimed under this policy by ae insured owner of a. indebtedness secured by mortage or deed of true, to pay such heated the indebmdness of the mortgagor or ouster under said mortgage or deed of trust, together with all costs which the Company is obligated hereunder to pay, be which Mae the Core. party shell become the owner of, and such inured shall at once assign and transfer to the Company, sold mortgage or deed of treat and the indebtedness there. by secured. and each payment sbell terminate all liability under this policy to such Lomond. y. PAYMENT OF LOSS AND COSTS OF LITIGATION INDORSEMENT OF PAYMENT ON POLICY The Company will pay, in addition to any lam insured against by this policy, all casts imposed upon the to used in litigation carried on by the Company for the insured, and in litigation eauied on by the insured with the written authorization of the Company, but not otherwise. The liability of the Company under this policy shell in .. cur armed. in all, the actual Ins of the insured and costa which the Company is obligated hereunder to pay, and in n ca shell such total ❑ability exceed the amount of this policy and mid coats. All payments under this policy shall reduce the amount of the insurance pro retire, and payment of lots ore damage to an insured owner of indebtedness shall reduce, to that extent, the liability of the Company to the insisted crone, of said land. No payment may be demanded by any insured without producing this policy for led ... event of such payment. S. MANNER OF PAYMENT OF LOSS TO INSURED Loss under this policy shall be payable, first, to any insured owner of indebtedness secured by mortgage or deed of true, shown in Schedule B, in order of priority therein shown, and if inch ownership vile in more ,hen ..a, payment shall be made ratably as their respective interests may appear, and ,hereafter any Ina shall be payable m the other insured, and if more than one, then to such insured ratably a their respec. tive interests may appear. 11 there be ao such bound owner of indeb,edncre. any bas shall be payable to the insured, and if more than one, to such insured ratably as their respective interest. may appear. 9. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "named insured ": the persons and corporations "sued a insured in Schedule A of this policy; (b) the inured ": such named insured together with (1) each • censor in ownership of any indebtedness accused by say mortgage or deed of trust shown in Schedule B, the over of which indebtedness b named herein as insured, (2) any such owner or sea ownership col any such indebtedness. who acquirer the eland described in Schedule A or any put thereof, by lawful mean. in satisfaction of aid t.debtednets or any part thereof, (3) any governmental agency or instrumentality acquiring said lend under a. hustruce contract or guarantee insuring or guar antmin mid indebtedness or any per, thereof, and (4) any pars.. or rational.. deriving as sate o. interest in aid land as an het, or devisee of a .steed insured or by reason of the dissolution., merger, or n.olidetio. of a corporate owed laxwed; (c) "land ": the lard described specifically or by reference in Schedule A and improvements dfiaed thereto which by law constitute real Property; (d) "due ": the exact day, hour and minute specified in the first line of Schedule A ( unless the context dearly requires e different me niag) ; (e) "taau, agency": she State .ad each c army, oily aad county, city and district in which said land or some part thereof he situated that levies saxes or meats o v real property; (f) "public records ": hem public records which, under the recording laws, impart constructive notice of mu- ter maling le mid lard. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy me be waived as changed except by writing incomed hereon as u. bathed hereto signed by the President, a Vice Prof. dent, the Secretary, or an Assistant Secretary of the Compaey. 11. NOTICES, WHERE SENT All notions required to be given the Company and any statement in writing required to be furnished the Com. piny shall be addrused to it el the office which I ... ad this policy. s �r� J 1 _P_ INE 5.89 -59'E. AVE. h 60 N / /Q° N L N 9G ,q °�_ N 6� N / /4� N 20 - 36140 N So N / 140 n zo N /4° N 50 35 2 35 2 25 j 3 3 3 3 z4 23 32 t 5 W 22 t 7 W 3a 7 30 V ) �J H_OL L Y AVE. h 2 23 `J 3 22 J 5 20 Q6 /9 ul ,7 s 9 J Q O Z W 60 i2 / N F 0 N I Eo GRPNVG./ X10LL Y N 199.597y o R� GRAND AVE /O •Z N /7 �p /2 /3 Q / 0 m h 5° So AVE. EL SEGUNDO BLOCKS 41, 60 TO 62 THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. r