D104101] ] -55
California Load Title A,,oclatian
Standard Coverage Policy Form
Copyright 1950
Fee $ .1.7
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
T!�_ than as herein stated; or
1 t
P 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, 111
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
byy /L / 0'rO— PRESIDENT
Attest:
SECRETARY
fH
1012A 8.53
California Land Title Auadation
Standard Coverage Poky form
Copyright 1950
eam
SCHEDULE A
Amount $1,000.00 Date October 26, 1955, at 8 a.m.
12MRIALi0611
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. 4248002
�T-
A�a a\d
2. Description of land in the county of Los Angeles, state of California, title to which is D
insured by this policy:
Lot 29 in block 62, Sheets No. 7, of E1 Segundo, in the
city of E1 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.
10126 a -53
California land Title Anociation
Standard Coverage Peaty Form
Caayripht 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.
S. Any laws, governmental acts or regulations, including but not limited to zoning 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. General and special county and city taxes for the fiscal
year 1955 -1956, a lien not yet payable.
2. Covenants, conditions and restrictions contained in deeds
from Los Angeles Trust and Savings Bank (or its successors,)
recorded prior to February 15, 1950, in book 6770 page 114 a
0
�- of Deeds, which 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.
A�A
1012 -C 8.53
California Land Title Association
Stondard Coverage Policy Form
Copyright 1950
1. SCOPE OF COVERAGE
This policy does not insure against, and the Company
will not be liable for loss or damage iscond by or
arising nut of any of the following: (a) defect., lien.,
claim., criturnbn.ce., o other manr. which result in
no pecuniary loss to the insured; (b) defects, liens,
encumbrances, or other matte,. created or crowing
subsequent to the date hereof; (c) defects, Yens,
encumbrances, or other matters created or suffered by
the insured claiming such ton or damage; or (d)
defects, liens, claims, en umbrhnces, o r other matters
existing at the date of this policy aad known to the
cured claiming much loss or damage, either at the
date of this policy or at the date such in ured claim.
arms acquired an estate or intern insured by this policy,
unless such defect, lien, claim, en umbrance or other
matter shell have been disclosed 1. the Company I.
writing prior to the issuance of this policy or appeared
at the date of this policy on the public records, Any
rights or defames of the Company against a named
msured shall be equally available gaim, any person
or corporation who shall become an insured hereunder
as successor of such named insured.
DEFENSE OF ACTIONS. NOTICE OF ACTIONS
OR CLAIMS TO RE GIVEN BY THE INSURED
The Company et its awn coat shall defend she ignored
I. ell litigation c g .wife, of action, or p ..... dinp
against the insured, or defenses, restraining orders. or
injunctions i.ler,med Again., A fmcclaure or sale of
said lend in satisfaction of any indebtedness, the
owner insured of which in insured by this policy, which ling..
no n
is fronded upon A defect, lien, encumb .rem. at
other matter insured against by this policy, and may
pumue such litigation to final determination in the
our, of last resort. In al. e any such litigation shall
become known to any insured, or in cue knowledge
.hell came to Any (..ured al any claim of title or
interest which is advent to the title as ured or
which might cause loss or damage for which the
Company shall or may be liable by virtue of this
policy, much insured shall notify the Company thereof
in writing. If such notice shall at be given to the
Company at least two days before the appearance day
in any such litigation, or if such inured 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 shell come to the
knowledge of such insured, in respect to which Ions
or damage Is apprehended, then all liability of the
Company As m curb insured having much knowledge
shall cease and terminate; provided, however, that
failure 1. so notify the Company shell in an cue prej-
udice the claim of any intend unless the Company
shell be actually prejudiced by much failure. The Com-
pany shall have the right to institute and prosecute
any action or proceeding or do may other am which,
in its opinion, may be necessary or desirable to
establish the title, or any insured lien or charge, es
insured. In all tames where this policy permits or
receives the Compaq to prosecute or defend any
action or proceeding, the insured shall secure to it in
writing the right to no prosecute or defend such action
or proceeding, mail elf Appeal. therein, end portal, !t
to use. At its option, the ..me of the inured for such
purpwe. Whenever requested by the Company the
ensured .hell ..list the Company I. Any such action
or proceeding, as effecting settlement, s ring e .
den., obtaining witnmsee, prosecuting or defending
such action or proceeding, to such extent and in such
e in deemed desirable by the Company, and
theg
Company shall reimburse the insured for any
expense so incurred. The Company shell be subrogated
to and be entitled to all costs and attorneys fee W.
STIPULATIONS
curled at expended by the Company, which may be
recoverable by the insured in any litigation carried
on by the Company on behalf of the Insured. The
word "knowledge in thin paragraph means actual
knowledge, and does not refer to constructive knowl.
edge r notice which may be imputed to the insured
by Che public records,
3. 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
shell be furnished to the Company within slay days
.flat such lose or damage shell have her sweetened.
c
No action or proceeding for the recovery of any of
lose or damage mhall be fwtisuted or maintained
against the Company until after full compliance by
the insured with All the condisfona imposed on the
cured by this policy, nor unless commenced within
twelve months after receipt by the Company of such
written instrument.
6. OPTION TO PAY, SETTLE, OR COMPROMISE
CLAIMS
The Company reserves the option to pt,, settle, or
compromise for, or the name f, the insured, any
claim insured Against or to pt, this policy I. full si
any time, sad payment or tender of payment of the
fell .mount of this policy, together with all accrued
lots which the Company is obligated hereunder to pay,
shall terminate all liability of the Company here.
under, including ell obligations of she Company with
aspect to any litigation pending and subsequent costa
thereof.
S. SUBROGATION UPON PAYMENT OE SETTLE-
MENT
Whenever the Company shall have settled a claim
under this policy, it shell he submpted to and be
entitled to All rights, ne.eilie., cad remedies which
the insured would have had against any person or
property in respect to such claim, had thin policy not
been based. If the paean.., does not c ever the loss
of the insured, the Company shall be ubrogated to
such rlghn. securities, and remedies in the proportion
which said portion, beam on the among, of aid lose.
In either event the insured shell transfer, or cause to
be transferred, to the Company such rights, securities,
and remedies, and shall peewit the Company to ma
the name of the insured in say transaction or litigatim
involving such rights, securitim, or remedies.
6. OPTION TO PAY INSURED OWNER OF IN-
DEBTEDNESS AND BECOME OWNER OF SECURITY
The Compaq hoe the right and optic., I. any
I... is defend under this policy by ao insured owner
of aA indebtedness secured by mortgage or dead of
trust, 1. pay such insured the indebtedness el the
mortgagor or truster under said mortgage or dad of
trust, together with All cum which the Company is
obligated hereunder to D.Y. I. which cue the Cam.
pany shall become the owner of, and such insured
shall At once assign aad en star m the Co.,.,, eaM
mortgage or deed of trust and the indebtedness there-
by around, and much p.,ornm shall terminate 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
against by this policy, all costs imposed upon the in
sured in litigation carried on by the Company for the
insured, and in litigation carried on by the insured
with the written author!.,!..of the Co.,.. , but set
otherwise. The liability of the Company under this
,.fiay .ball in as car. ceed, in all, the ..fuel Iona
of the inured end cast. which the Company is obligated
hereunder to pay, and in n ease shell such total
liability a acted the Amount of this policy led Amid
costs. All payments under this policy shall reduce the
amount of the insurance pro tame, and payment of Ins
or, damage to An insured owner of indebtedness ,.hell
reduce, to that eater,, 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 indomement of inch payment.
B. MANNER OF PAYMENT OF LOSS TO INSURED
Loss ..tier thin policy shell be payable, fi..l, 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 vents in more
n
tha ..A. paymem shell be made ratably as their
respective interests may appear, and thereafter say
Iona shell be payable to the other insured, end if mom
than one, then to such insured ratably as their respec-
tive Interests may Appeal. If there be vo such insured
owner of indebted..., any loss shall be payable to
the insured, and N more than one, to such Insured
ratably a their reapemive interests ntsy .,opea.
9. DEFINITION OF TERMS
The following term. when used to this policy m
(m) mad i ured ": the pars... end compowtion
'mad an insured in Schedule A of this policy; (b)
the inured ": such named insured together with (1)
each Auecesiom I. ownership of any indebtedness
ured by any mortgage or deed of trust shown I.
Schedule B, the ow r of which indebtedness Is
named herein an an insured, (2) say each owner or
successor ownership of any such indebtedness who
acquires the land described in Schedule A or any
part thereof, by lawful memo in atuf.r' but of aid
iadebtednea or Any part thereof, (3) Any govecamemal
agency or instrumentality acquiring .aid land under
an insurance connect or guarantee insuring or lose.
Antonio, said indebtedness or any part thereof, and
(4) say proton at mporation deriving an state or
interest in said ).ad u An heir or devisee of A named
insured or by reason of the d'usulutiom merger, or
consolidation of e corporate ...Ad insured; (c)
s land ": the land described specifically or by reference
in Schedule A and improvements affixed thereto which
by law constitute all property; (d) "date ": the
act day, boor cad mi.uee specified Ian the firs, less
of Schedule A (unless the .gate.[ cloudy requires e
differ,., me .!.,) ; (e) "teal., geny": the State
and each county, city and county, city and district
in which aid lend or some part thereof is .fused that
levies taxes o r ,.
assessments o reel property; (Q
"public records": public records which, under
the occurring Iowa, impart constructive notice .1 me,.
term relating to said land.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provision or condition of this polfey cm be waived
or changed except by writing indorsed hereon or at.
tacked hereto signed by the President, a Vice Penal.
dent, the Secretary, or an Assistant Secretary of the
Comp....
11. NOTICES, WHERE SENT
All .otiea required to be give. the Company and any
statement in writing required to be furnished the Cam.
pany shall be addressed to it at the office which issued
this "Be,.
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(6locks $d, .49, and U
EL &GUNDO
Zook 22 Pagm 54 and 55 of Maps
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In
TM 15 NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
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