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D098101] 6.5] California lend Title A .... Wine Standard Coverage Polifr Form Copyright 1950 Fee $ r 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 ACr 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 INSURRA%NCE AND TRUST COMPANY by7 PRESIDENT Attest SECRETARY 101SA 8.53 Califomia Land Tltle Arrociation Standard Ceveroae P01W Form CooYrIght 1950 mjk SCHEDULE A Amount $1,000.00 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. 4248006 pip \- ` 00 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: Lot 28 in block 61, Sheet No. 3 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 a -53 California Land Title Association Standard COYlrage Policy To,. 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 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 $3.81. a �f A \\ 1014 -C M3 Calif ern is Lend Title Amocielien Standard C.e ... a. Policy Form Copyright 1950 1. SCOPE OF COVERAGE This policy does not insure against, and the Company will not be liable for lose or damage created by or using at of may of the following: (a) defect., lien.. claims, encumbrances, or other matters which result in no pecuniary lose to the insured; (b) defect., Ifas, encumbrances, or other maters created or c ring subsequent to the date hereof; (c) defect., Ifens, cocumbrancon, or other nutters created or suffered by the insured claiming such loss or damage; or (d) defects, liens, claims, en umbrLr,cee, or other matters existing at the date of this policy and known to the insured claiming much loss o, 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 much defect, lien, claim, encumbranee 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 palmy ea the public records. Any rights or defenses of the Company against a named insured shell be equally available again., any pave- - or corporation who shall become no insured hereunder ate successor of such named insured. 4. DEFENSE OF ACTIONS. NOTICE OF ACTIONS OR CLAIMS TO BE GIVEN BY THE INSURED The Company at its own cost .ball defend the insured r ell litigation consisting of actions of proceedings against the insured, or defenses, restraining orders, or fnjunctfan. interposed against a foreclo.ure or .ale of said land i w[ielamfov of any indebtedness. the warter of which I. (..uroil by [his policy, which litiga- rionu founded upon a defect, lien, encumbrance, or other matter insured against by shim policy, and may Pursue such litigation to final determination fin the nun of last resort. I. case any such litigation shell become know. to any insured, or : u ce knowledge .ball come to any insured of any claim of title or interest which is adverse m the title as ured or which might come love or damage far 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 now be give. to the Company at least two days before the appearance day i. any such IitigatioM or if much insured shall seat, or writing, promptly notify the Company of any defect, lien, encumbrance, or other matter insured against, or al any much adverse claim which shall came to the knowledge of such insured, in respect to which love w damage is apprehended, the. 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 case prej- udice the claim of any fin ured telex. 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 any other act which, in its opinion, may be ceramics or desirable to establish the title, or any insured lien or charge, re t.... ed. 1. dl use. 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 to so prosecute or defend such action or proceeding, and all appeals therein, and permit it to use, at its option, the .ante of the insured for each purpose. Whenever astounded by be Company be ensured shall insist the Company is any such anion or proceeding, W effecting settlement, muctriti, an. dente, obusird., wit.n.e, prosecuting or defending such action or proceeding, to such extent and in such answer as is deemed desirable by the Company, and the Company shall reimburse the i ured for may expense so incurred. The Company shall be .ubrogated to and be entitled to all cam and utorneyi feu in STIPULATIONS earned o ..,ended by the Company, which may be e enable by the insured in any litigation carried on by the Company on behalf of the insured. The ward "knowledge" in thin paragraph means actual knowledge, and does not refer to constructive knowl- edge o n calico which may be imitated to the insured by the public records. 3. NOTICE OF LOSS. LIMITATION OF ACTION A naement in writing of any love or damage far which it is claimed the Company is liable under this policy .hall be funnixhed to the Company within slaty days after each but or damage shall have been ascertained. No action or proceeding for the recovery of any such lose or damage shall be methanol or maintained against the Company until after lull compliance by the insured with all the condition imposed on the insured by this policy, not unless commenced within twelve months after receipt by the Company of such written statement. 4. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS The Company re n the option to pay. cattle, or compromise for, at I. the name of, the fn ured, any claim insured against or to pay thin policy in full at any time, and payment or tender of payment of the full a um of this policy, together with dl scanned costa which the Company Is obligated hereunder to pt., .bell terminate all liability of the Company here. under, including all ohligmum. of the Company with ,expert a any litigation pending and subsequent costs thereof. S. SUBROGATION UPON PAYMENT OE SETTLE- MENT Whenever the Company .hall base sallied is claim under shim policy, it shall be abrogated m and be entitled . all rights, n we sritiee, .nod remedies which the insured would It... e had again, any person at property in respect to such claim, had this policy not been beard. If the payment does not cover the Iwo of the fn ured, the Company shell be abrogated to such right., securities, and remedies in the Petition ion which said payment bears to the amount of amid Iwo. In either event the insured shell transfer, me cause to be transferred, to the Company such rights, severities, and remedies, and shill permit the Company to we the name of the (..ured he a., transaction or litigation involving such rights, unwities, or remedfn. 6. OPTION TO PAY INSURED OWNER OF IN- DEBTEDNESS AND BECOME OWNER OF SECURITY The Company has the right and optio., in we any I... Is claimed notice this policy by su Insured owner of an indebtedness secured by mortgage or deed of trust, to pay much insured the indebtedness of the mortgagor or truster under said mortgage or deed of truer, together with all costa which the Company is obligated hereunder to pay, in which ..a the Co.. pay, shall become the owner of, and each insured shall a once assign and transfer to the Company, said mortgage or deed of treat and the indebted... [been by mc.ired, ad each payment shell lerminae all liability under this policy to such Insured. y. PAYMENT OF LOSS AND COSTS OF LITIGATION. INDORSEMENT OF PAYMENT ON POLICY The Company will pay, in addition to any Iwo insured again., by this policy, all cone imposed upon the fn. ured in litigation carried on by the Company for the insured, and I. litigatfou carried by the insured with the written authorization of the Company, but not otherwise. The liability of the Company under this Policy shall in to came teed. in all, the actual lose of the insured and costs which the Company is obligated hereunder to pay. and in e a shall such total liahflity a teed the amount of him policy and said eons. All payments under this policy shall reduce the amount of the insurance pro lento. and payment of lose or damage to an insured owner of indebtedness shall reduce, to that extent. the liability of the Company to the insured owner of said lend. No payment may be demanded by any insured without producing this policy for indorsement of such payment. S. MANNER OF PAYMENT OF LOSS TO INSURED Lots under this policy .hall be payable, fire,, to any insured owner of indebtedness secured by mortgage or deed of true[ shown in Schedule B. in order of priority therein shows, and if such ownership .arm fn more than o e, payment shall be made notably u their respective interest. may appear, and thereafter any lose shall be payable to the other insured, and U more than one, then to such insured ratably as their reopen tive interests may appear, if there be no such Insured want of indebtedness, any loss .bell be payable to the insured, and if m are then one, to ouch insured ratably ac their respective interests may app.. 9. DEFINITION OF TERMS The following terms when used fin this policy mean: (a) "named insured ": the penes and corporations named as insured in Schedule A of this policy; (b) the insured ": such named insured together with (1) each successor I. owverehip of any indebtedness cured by any mortgage or deed of trust shown in Schedule B, the .—at of which f.dabtedness L named herein u an insured, (4) any ouch owner successor iv O ership of any such fndebted..s who acquires the land described in Schedule A or any put thereof, by lawful mess in utufvatfon of amid indebtedness or any part thereof, (3) my governmental agency or Instrumentality acquiring said land under an insur a ng : a ontract or guarantee insu ing or guar - anteefeaid indebtednes o any put thereof, and (4) any person o corporation deriving a note of interest fn aid Isud r n hei, of devfsu of a named insured or eby r ovsof the diuolutioq cmrgre, e "n..lidation .lase corporate v med insured; (e) Imd ": the lead described epecffi.11y or by reference in Schedule A and improvements infused duccle which by law constitute real property: (d) "date ": the .act day, hour and mfante spctified f- the first line of Schedule A (unless the .Detest clearly requbw s different me ning) ; (e) °teas., agenay'': the Suite and each c unty, city and c unty, city and district in which said land or some pen thereof fs situated that levies seas. o maul. o reel property; (f) "public records' ♦those public ..cords which, under the r ording laws, impart constructive notice of ma,- ten relating to aid lead. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy ca. be waived r changed except by writing bodommi hereon or s- ullied hereto signed by the President, a Vice Presf. dent, the Secretary, or a. Assistant Secretary of the Company. 11. NOTICES, WHERE SENT All untie. required to be given the Company and my s elmosot fn writing required to be fwauhed the Com. pany shall be addressed to it al the otfiee which famed this Policy. _`(ke. J I L__ -_ J L L _ P E _ /NE _ 5.89'59'E. AV y 7 6o Pd / /%° - 2 N 36 4° Q 60 N ! /aO N 2° 36 /4° N 5° N / /4° N Zo N 26 /4° 50 F- tr h HOLLY AVE. h • 2 23 ` < 3 22 J = 5 20 W /7 = Q • g Z /4° W go ii / NWE rig Eo I-IOLL Y RY G!?AN0 AVE F— W Q 5° VE. H EL SEGUNDO BLOCKS 41, 60 TO 62 V h 5° THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. M