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D0991012 6.55 Colif ... ig Land T9b Anpdoti.. Standard Cgverpga Polity Form Copyright 1950 T n 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 INSURAANCE AND TRUST COMPANY by IN7 SU(/ 4,&X LiZIw PRESIDENT Attest SECRETARY dmr 1012A 8.59 California Land Title Association Standard Coverage Policy Form SCHEDULE A Copyright 1950 Amount $2,200.00 Date March 1, 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. I Policy No. 4248003 pl� 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: Lots 27 and 28 in block 62, of E1 Segundo, in the city of El Segundo, county of Los Angeles, state of California, as per map recorded in book 22 pages 54 and 55 of Maps, in the office of the county recorder of said county. �,`y S 1013a a -53 California Land rule araaiation Standard Coverage Folic 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 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. Covenants, conditions and restrictions contained in deeds from Los Angeles Trust and Savings Bank, as follows: Affecting lot 27, recorded in book 6124 page 60 of Deeds. Affecting lot 28, recorded in book 6107 page 227 of Deeds, A1� both of which were recorded prior to February 15, 1950. ---V4 PI'W- 1013 -C 5 -53 California Load 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 Irma or damage created by or arising out of any of the following: (a) defect., lien., claims, encumbrances, or other matters which reauh in an prearou, loss to the its nred; (b) defects. If... aticarribromew, or other manem "wild m . 'ball subsequent to the date hereof (c) defects. liens, encumbrances, or other mane.. created or suffered by the insured claiming such lass or dame,.; or (d) defect., liens, claims, maointlirbares, o a other nutters zitting at the date of this policy and known te the insured claiming such loss or damage, either at the data of this policy or at the dale each insured claim. ant acquired an estate or interest insured by this policy, unions math detect, lien, claim, encumbrance or other matter shall have been disclosed m 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 of defenses of the Company against • lamed insured shall be equally available against any tenon or corporation who shall become en insured be.eumdw as successor of such named insured. 2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS OE CLAIMS TO BE GIVEN BY THE INSURED The Company at its own coat shall defend he insured in all litigation cop.uting of actions at proceedings against the insured, or defenses, restraining orders, or Injunction. interposed against a foreclosure or mile of aid lead ill ei,io[aetiav of say indebtedness, the owner of which is insured by this policy, mbich litiga- tionis founded upon a defect, lien, encumbrances, or other matter insured against by this policy, and may Pursue such litigation to final determination in the court of last resort. be cew any such litigation shall become known to any insured, or r se knowledge .hell ...a to may ion nred of ony claim of title or intent which is adverse m the title a. insured or which might cause loss or damage for which the Company slwl) or may be liable by virtue at this policy, such in ured shall notify the Company thereof in writing. If such notice shall not be given to the Company at Is.., two days before the appearance day Is any such litigatioc, or if such insured shall not, in writing, promptly notify the Company of my defect, lien, encumbrance, or other matter insured against, or of any such adverse claim which shall come to the knowledge of such io ured, in respect to which low at damage is apprehended, then all liability of the Company as to each insured having such knowledge .hall case sod terminal; provided, however, that failure to so notify the Company .hall in no case prej. udiw the claim of any ignored unless the Company shall be actually prejudiced by much failure. The Coen. Party shall have the right to institute and prosecute any action or proceeding or do any other act which, 1. its oplot., mmy be v .cry or desirable to establish the title, or any insured lien or charge. as insured. In all comes where this policy permits or require. the Company to prosecute or defend any action or proceeding, the insured shall secure to it in w.wm, the right to w prosecute at defend such anion or proceeding, send all appeals therein, and permit it to use, at hs opting, the tame of the insured for such Purpose. Whenever requested by the Company the I .... sl shall ass ", the Company in any each action or proceeding, in effemivg cattlemen, muntre., evi- dence, obtaining witnesses, prosecuting or defending rich action or proceeding. to such eotemad in such er u Ir deemed desirable by the Company, and the Company shell rmimbuae the inmred to, any expense so incurred. The Company shall be subrogated to and be entitled to alb costs and aticme,s' fm la- STIPULATIONS curred or expanded by the Company. which may be recoverable by the insured in any litigation carried on by the Company on behalf of the insured. word "knowledge" in this Dai.,.,h m actual knowledge, and does not refer to consliturgist knowl- edge o r in ice which may be imputed ,o the insured by he public record., 3. NOTICE OF LOSS. LIMITATION OF ACTION A statement in writing of any loss or damage for which it is claimed the Company I. liable under this policy shall he tarnished to the Company within misty days after such loss or damage shall 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 slier full c expliumce by the its ured with all the conditions imposed oa the insured by this policy, no, unlew commenced within twelve mouths after receipt by the Campeny of such writing statement. 4. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS The Company reserves the option to pay, settle, or compromise for at in the na oh the insured, any : claim insured against or to pay this policy in full at any tiers, and payment or tender of payment of the full amount of this policy, together with "hll • trued cast. whicb the Company for obligated hereunder to pay, .hall terminate all liability of the Company here- under, including all obli,mirm. of the Company with respect to any litigation pending and subsequent costs thereat. 5. SUBROGATION UPON PAYMENT OR SETTLE. MEW Whenever the Company shall have settled a alai. under this policy, it shall be subropted to and be entitled to all right., securities, ad remedies which the insured would here had against may person or property in respect to such claim, bad this policy at been issued. If the payment does not cover the Ions of the insured, the Company shall be subri mrsd to such rights, securities, and remedies to the proportion which said payment bears to the a rant of said loss. In either event the insured shell transfer, .1 au.. fo be transferred, to the Company such rights, semritiw, and remedies, and shall permit the Company to mrs the name of the insured to smy treoaetiov or litiptim mv.1vi.g such rights, securities, or tame lien. 6. OPTION TO PAY INSURED OWNER Of IN- DEBTEDNESS AND BECOME OWNER OF SECURITY The Company ha the right and option, in tae any loss is claimed under this policy by an insured owner of an indebtedness secured by mortgage or deed of trust, to pay such ie ured the indebtedness of the mortgagor or traitor under said mortgage or deed of we,, together with all casts which the Company is obligated hereunder to pay, a which cue the Com- pany shall become the owner of, and such insured shall at once assign and transfer to the Company. said mortgage or decd of trust and the indebted... [bare. by secured and such payment shall terminate all liability under this policy ,o such insured. T. PAYMENT OF LOSS AND COSTS OF LITIGATION. INDORSEMENT OF PAYMENT ON POLICY The Company will pay, its addition to any law insured .,also, by this policy, all cow imposed upon the to n.ed is litigation carried on by the Company Ion the insured. and is litigation carried on by the insured with he written suthorioslion of the Co.,., but at otherwise. The liability of the Company under this policy shall in no came exceed, in all, the actual low of the insured end casts which the Company is obligated hereunder ro pay, end in n was shell such total liability ..ceed the outmost of this policy cod aid costa. All payments under this policy shall reduce the amount of the insurance pro tonic, and payment of low m dataage to an boosted owner of indebtedness shall reduce, to that extent. the liability of the Company to the insured ow act mf said lend. No payment may be demanded by any insured without producing this policy for indorsement of such payment. $. MANNER OF PAYMENT OF LOSS TO INSURED Lose under this policy .hell be payable, Star, to any insured owner of indebtedness secured by mortgage o' deed of trust shown in Schedule B, in order of priority therein shown, and if such ownership seats in more than .... payment shall be made ratably as their ,w,wr ve interests may apnea and thereafter any Ines shall be payable to the other insured, and if more than one, then to such insured ratably as their images wive interest. may appear. It there be on such insured owner of indebtedness, any Ins shall be payable to the insured. ad it are has one, to much hatted ratably as their respective interests mq appear. 9. DEFINITION OF TERMS The fallowing terms when used in this policy mean: (a) "named i red ": the persons a a d coryotione teed a insured in Schedule A of this policy; (b) -the insured": such named insured rogather with (1) each a or to ownership of any indebtedness red by emy mortgage or deed of trust shrimp in Schedule B, the owner, of which iadebtedaex u named herein a an insured, (2) any such move as sat emhip of any such indebtedness who acquirer the Oland described in Schedule A or any part thereof, by laaful means in atbfaetion of said indebtedness or any pat thereof, (3) any governments] agency or instrumentality acquiring aid lad under insurance an contract or guarantee insuring or oar enteeingmid indebtedness or any pat thereof, and (4) any peaon or corpowtfom deriving an estate o interest is aid lend a an heir or devisee of a lamed inverted cur by i e n a the dissolution, m et eg, o consolidation of a corporate named insured; (c) land ": the land described specifically or by rcfercrow in Schedule A and improvement. slimed thereto which by law constitute real proPeay: (d) "due ": the act day, hour and minute specified in the first line of Schedule A (unless the context clearly requires e different m igi); (e) "lazfag agency ": the Sate sad each empty, city and county, city and district in whicb maid lad or some pert thereof It situated that levies taxes or assommocals on real property; (E) "public -cord.": those public rccard, which, under the recording laws, impart constructive notice of mat. ten relating to acid lad. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provi.imi or condition of this policy ten be waived or changed except by writing indomed hereon or at- tached hereto signed by the President, a Vice Pont. door. the Secretary, or m Assistant Seeretaay of the Company. 11. NOTICES, WHERE SENT All noticei required to he given the Company and any .%tamers in writing required to be furnished the Cvm- pamy shell be addressed to it at the off rs, which issued this policy. '�9 1'r I ./ J ti J W 60 &,bCk,5 146, J. :7rO 62 EL SEGUNDO Oook 22 Pages 54 and 55 of 10ops HOLLY u1 1 PINE AVE. h 50 50 F h Z W 4 Q 50 AVE. h h h 8 J t h 50 e GQAND AVE. r I THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS. S