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D0971012 6 -53 California Land Title Attocigfion Standard Coverage Policy Farm Copyright 1950 Fee $ 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 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 IINNSUURRAANCE AND TRUST COMPANY by //• 7 K�� ��Cw.. PRESIDENT Attest SECRETARY VH :i,leL mjk 1012A 8 -50 California land Title Arwciatioa Standard Coverage Potioy Form SCHEDULE A Copyright 1950 Amount $2,200.00 Date February 28, 1955 at 8 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. 4248008 Pry 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: Lots 46 and 47 in block 62 of E1 Segundo, Sheet No. 3, in the city of El 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. 10116 8 -53 California Land Title Association Standard Coverage Policy form COPy,faht 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 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: NONE. AVr 201 P�� 1012-C B -53 California Land TIN- Association Standard Coverage Policy Form Copyright 1950 1. SCOPE OF COVERAGE This policy does not m a a .,air.,, , and the Company will not be liable for loss or damage created by or sing out of any of the following: (a) defect-, liens, claims, encumbrances, or other matters which result in no pecuniary lose to the insured; (b) defects, liens, encumbrances, or other mettem a meted o occurring subsequent etc the date hereon (c) defects, liens, enaumbnnect, or other matters created or suffered by the in ured claiming each I., or damage; or (d) defects, liens, chime, en umbdnces, or other matters existing at the date of this policy and known to the inured claiming such lose or damage, either at the date of this policy or at the date such insured claim. am acquired an .tote of interest ignored by this policy, undo such defect, lien, claim, encumbrance or that matter .hall have hears dh,1 ... d no the Company in writing prior to the issuance of this policy or appeared at the data of this policy on the public records. Any rights or defences of the Company against a named insured .hall be equally available against say permit or corporation who shall became an insured hereunder as successor of such gamed insured. 1. DEFENSE OF ACTIONS. NOTICE OF ACTIONS OR CLAIMS TO BE GIVEN BY THE INSURED The Company at its an amt shall defend the focused in all litigation consisting of serious or proceedings again., he i ... red, at date.... rretraining .,de., or injunctions interposed against a foreclosure or sale of mid land m mthh.tim of my indebtedness, the r of which is insured by this policy, which litiga- ,im I. founded upon • defect, lieu, .....brace., or other matter insured .,lest by this policy, and easy pursue such litigation to final determination in the noun of last resort. In case any such litigation shall become knows to any insured, or , s ease knowledge shall come to any iv ured of any chi. of title or interest which is adverse to the title as ured or which might cause less or damage for which the Company shell o sexy 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 least two days before the appearance dc, in any such litigatio., 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 shall came to the knowledge of such heated, in respect to which loss or damage is apprehended, then all liability of the Company as to each insured having such knowledge .hall case and terminate; provided, however, that failure to so notify the Company shall in no care prej. miles the claim of my insured .air.. the Company shall be actually prejudiced by such failure. The Com- pany shall have the right to institute and prosecute any action or proceeding or do say other act which, in its opinion, may be gee .... ry or desirable to establish the title, or any insured lien or charge, m sit ured. In all cues where this policy permits or requires the Company to prosecute or defend any action or proceeding, the insured shall secure to it in writing the right no 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 purpose. Whenever recleaned by the Company the insured shall eight the Company in any such action or proceeding, is effecting settlement, scene' , e . door., obtaining witnesses, preateetng or defending such action or proceeding, to such extent and in such ....a, we its deemed desirable by the Company, end the Company shall reimburse the insured for any expense so incurred. The Company shall be subrog.ted ,o and be entitled to all costs and attorneys' fees fn. STIPULATIONS curred or expended by the Company, which may be recoverable by the insured in any litigation carried in by the Company on behalf of the insured. The word "knowledge" in this paragraph meant actual knowledge, and dues not nfer to constructive knowl edge or notice which may be imputed to the insured by the public . records. 0. NOTICE OF LOSS. LIMITATION OF ACTION A statement in writing of any lose 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 loss or damage shall have been ascertained. No oil.. or proceeding for the recovery of any such has or damage shall be instituted or nothudned against the Company until after full compliance by the insured with all the conditions imposed on the sured by this policy, n note. rogregameed within twelve months alter receipt by the Company of such .Arlan matemont. 4. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS The Company reserves the option to pay, settle, or compromise far, or in the name .1. the insured, soy claim learned against or to pay this policy in full at any time, and payment or tender of payment of th< full sooner of this policy, together with fill accrued cents which the Company is obligated hereunder to pc,, shall terminate all liability of the Company here. under, including all obligations of the Company with respect to any litigation pending and subsequent costs thereof. S. SUBROGATION UPON PAYMENT OR SETTLE- MENT Whenever the Company shall have settled a claim under this policy, it shall be mince atrei to and be entitled to all rights, securities, cad remedies which the insured would have had against any person or property in respect to such claim, had this policy not been sued. If the payment does not cover the lo. of the insured, the Company shall he ubragated to such rights, securities, and remedies in the proportion which mid payment bears to the amount of said loss. In either event the insured shall transfer, or Buse to be transferred, to the Company such rights. securities, sad recording, and shall permit the Co.,., to a. the name of the insured in any transaction or litigation involving such rights, securities, or regarding. 6. OPTION TO PAY INSURED OWNER OF IN- DEBTEDNESS AND BECOME OWNER OF SECURITY The Company has the right and option, in ante any I... is claimed order this policy by an insured owner of an indebtedness entered by ..,,,,a or dead of trust, to pay such insured the indebtedness of the mortgagor or traitor under said mortgage or deed of treat, together with all cons which the Company u obligated hereunder to pay, in which rare the Com. piny shall became the aware of, sad such insured shall at are sign and transfer to the Company, add .net,,. or deed of trust and the indebtedness there. by merged, and such payment shall terminate all liability under this policy to such turned. y. PAYMENT OF LOSS AND COSTS OF LITIGATION. INDORSEMENT OF PAYMENT ON POLICY The Company will pay, in addition to any Iw insured .,fast by this policy, all costs imposed upon the is. ured I. litigation carried on by the Compaq for the insured, and in litigation carried on by the insured with the written authorization of the Company, but not otherwise. The liability of the Company under this policy shall in s reed, in all, the .....I hies of the insured and costs which the Company Is obligated hereunder to pay. end in no came shall such total liability exceed the amount of this policy and mid cost.. All payments under this policy shall .duce the amount of the insurance pro tonic, and payment of tom or damage to an insured owner of indebtedness 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. B. MANNER OF PAYMENT OF LOSS TO INSURED Loss under this policy shall be payable, first, to any cured owner of indebtedness secured by mortgage or deed of trust shown is Schedule B, in order of priority therein shown, and if such ownership vests in more ,him ..a, payment shall be made —ably as their respective interests may appear, and thereafter any ton shall be payable to the other iumred. and U more than one, then to such insured ratably as their respect Live interests may appear. If there be an such assured owner of indebtedness, my loss shall be payable in the insured, and if more than one, to such insured ratably as their respective interests may appear. 9. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "named insured": the persons and corporations named ..ad in Schedule A of this policy; (b) as insured": such named insured together with (1) each more., iv ownership of any indebtedness secured by any mortgage or deed of trust shove I. Schedule B. the owner of which indebtedness is named herein as an insured, (g) any such owner or successor in ownership of any inch indebtedness who acquire. the land described in Schedule A or any pan thereof, by lawful means in satisfaction of said indebtedness or any part thereof, (3) my governmental agency or instrumentality acquiring said land under at insurance contract or guarantee insuring or guar interim, said indebtedness o any are thereof, sod (4) any pare.. at cnrp oatior drefvfvg an estate or interest in mid land in an heir or devises of a named insured or by reason of the dissolution, merger, or s.lfdstimi ofee corporate named red; (c) en land ": the land described specifically or by reference in Schedule A and improvements affixed thereto which by law constitute red property; (d) "date ": the exact day, hour and minute specified in the first line of Schedule A (maws the create., clearly requires s different me nfn6) ; (e) "taxing agency"; the State and each county, city and county, city and district in which mid lead or some pan thereof as sftu.ted that levies tea. o menu n o real property; (Q "public records ": those public records which, under the r carding laws. impact constructive notice of men ten relating to mid land. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy can be waived or changed except by writing fattened hereon or at- tached hereto signed by the President, a Vice Presi. dent, the Secretary, or an Assistant Secretary of the Company. IT. NOTICES, WHERE SENT All actions required to be given the Company and any statement in writing required to be fumbled the Co.- party shell be addressed to it at the other which based this policy. .211 1d J I WI J ti J W 60 blocks 36, 33, and 6Z ,EL 5EG UNDO vPook 22 Page5 54 and 55 of Maps h'OLLY uu L PINE AVE. 50 1 50 I- Q 50 AvE. h h 8 J t h 50 GQAND Avf. . F THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. .:k)