D105JJ
1012 7 -55
California Land Titla Arsociation
Standard Coverage Policy Form
Copyright 1950
Fee $ 44.00
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 INSURANCE AND TRUST COMPANY
by ENT
Attest /O�p�°
SECRETARY
lVS
1012A 8.53
Colifarnia land Title Association
Standard Coverage Poliq Form
Copyright 1950
SCHEDULE A
Amount $4,750.00 Date August 23, 1956 at 8:00 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. 4575910
o
2. Description of land in the county of Los Angeles, state of California, title to which is
insured by this policy:
Lots 15 and 16 in block 37, 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.
10178 8 -50
CallfwMa Load Tin. A ... d. ion
Standard Caws.. Poll, Form
Copyright 1950
G**W%5 0 llti RM9
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 occupancy, use or enjoyment of the land or any improvement thereon, or nay zoning ordinances
prohibiting a reduction in the dimensions or eras, 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 1956 -1957, a lien not yet payable.
2. Bond 34 on lot 15 block 37 amount $295.14 and bond 35 on lot
16 block 37 amount $749.86 series 36 issued August 14, 1955 for o t
paving sidewalks, curbs and gutters of Sierra Street and other
streets in the office of the Treasurer, city of E1 Segundo. One-
tenth thereof payable annually beginning January 2, 1956 interest
at 6 per cent payable semi - annually, all amounts due July 2, 1956
have been paid.
3. A perpetual easement for sanitary sewer and /or storm sewer or
sewers or instrumentalities providing for the control, flow, and
disposal of sewage and /or storm and surface waters, together with
the necessary outlets, manholes, ditches, drains, conduits, tunnels,
channels and /other appurtenances, and incidental purposes in, over,
across and /or along said lot 15, block 37 as granted to the city
of E1 Segundo, a municipal corporation, in deed recorded in book
4764 page 217, Official Records, described as follows:
Beginning at a point on the southerly line and 1.70 feet easterly
of the southwesterly corner of said lot; thence westerly along the
southerly line of said lot to the southwesterly corner thereof;
thence northerly along the westerly line of said lot to the most
westerly northwesterly corner thereof; thence northeasterly along
the northwesterly line of said lot to the most easterly northwesterly
corner thereof, thence easterly along the northerly line of said
lot, a distance of 10.80 feet to a point; thence southwesterly
along a line parallel to the northwesterly line of said lot to the
point of beginning.
4. That certain community oil and gas lease dated July 21, 1943
kn.own as "E1 Segundo Community Lease Number 1431t; executed in
various counterparts in favor of M. C. McCray, a married man, as
lessee, for the term of 20 years from date and so thereafter,
as oil, gas. asphaltum or other hydrocarbons substances are pro-
duced in quantities deemed by lessee to be paying quantities,
upon the terms conditions and covenants therein provided
A counterpart thereof executed by Edlou Company, a corporation,
as owner of said lots 15 and 16 of block 37, was filed for
record January 17, 1944.
The present ownership of the interest of the lessor and lessee
under said lease and matters pertaining thereto are not shown
by this report.
�C O
1012 -C 8 -53
Celifernio 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 far I.S. or damage created by or
arising out of any of the fallowing: (a) defects, lie n
claim., encumbrances, or other mauere which rouhin
n. pecuniary In.. to the insured; (b) defect., lien..
smbmmes, sober matter- created ar occurring
subsequent to the date here.[; TO defects, lien.,
cumbrances, or other matter. created or suffered by
the insured claiming such lose or damage; or (d)
defect., liens, claims, armumbAmcn, o r other mauere
xisting at the date of this policy and known to the
insured claiming such loss or damage, either at the
date of this policy or at the date each insured claim.
ant acquired an estate or inters insured by this policy.
..I-. each defect, if -n, claim, en umbrance or other
matter .hall have been disclosed to 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 defenses of the Company against - named
ensured shell be equally n -11-bb -&-fart Any Peron
or corporation who shall become an insured hereunder
as .urrom.c of such earned Insured.
2. DEFENSE OF ACTIONS. NOTICE Of ACTIONS
OR CLAIMS TO BE GIVEN BY THE INSURED
The Company et fie own coat shell defend the insured
in all litigation c . sisting of actions or precmdlop
against the insured, or defenses, restraining orders. or
Injunctions i.terp.Ad against A foreclnure or isle of
said lend in .atidsctlon of any indebted.,., the
owner of which is insured by this policy, which Iltiga.
tion:. founded upon a defect, lieu, encumbrance, or
other matter insured against by this policy, and may
pursue such litigation to final determination in the
nun of lest resort. In case any ouch litigation shall
become known to any insured, or in case knowledge
.Fall come to any insured al a., claim of title or
interest which is adverse to the title as ured or
which might c a se I.e. or damage for which the
Company shall ss may be liable by virtue of thee
policy, such fv ured shell notify the Company thereof
in writing. 11 such notice shell not be given to the
Company at lent two days before the appearance day
To any such Iftigom , or if such insured shall trot, is
writing, promptly notify the Company of any defect.
live, eveumbrmee, or .the, metier is -red ageinsq oe
of any such adverse claim which shall c e to the
knowledge of such insured, in respect to which ]am
at damage is apprehended, then all liability of the
Camper, es to each insured having such knowledge
shall cease and terminate; provided, however, that
failure to so notify the Company shall in no care prej.
udien the claim of any insured sole-. the Company
shall be actually prejudiced by such failure. The Com-
pany shall has the right to institute and prosecute
any action or proceeding or do soy other Act which,
in it. opinion, may be necessary A, desirable to
establish the title, or any La s ured lien or charge, u
insured. In all cues where this policy permits or
requires the Company to pr ... cote at 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
purpose. Whenever requested by the Company the
insured shall -exist the Company fn any such action
or proceeding, in effecting settlement, securing e
dance, obtaining wimuses, prome.d.g or defending
each action to promedmp to such extant aad I. such
...Or As I. deemed desirable by the Company, and
the Company shall rolmbure the insured for any
expense so incurred. The Company shall be *Abrogated
to and be entitled to .11 costs and Attorneys' fare Jr.
STIPULATIONS
curred or expended by the Company, which may be
recoverable by the insured in my litigation carried
on by the Company on behalf of the insured. The
word "knowledge" in this paragraph m actual
knowledge, sad doe. not refer to constructive knowl-
edge o r ..,far which may be imputed m the insured
by the public records.
3. NOTICE OF LOSS. LIMITATION OF ACTION
A etatemem in writing of Any loo or damage for which
it I. claimed the Company is liable under thi. policy
shall be lumi.hed to the Company whhln -icy days
after such loss or damage shall have been ascertained.
No action or proceeding for the recovery of any such
lot. o r damage shall be instituted r mnwishoed
a&-inet the Company until after full compliance by
the fn ured with all the conditions imposed on the
r ured by his policy, nor unless commenced within
twelve months after receipt by the Company of such
written atatemsnt.
A. OPTION TO PAY, SETTLE, OE COMPROMISE
CLAIMS
The Company re rues the option to pay, --tile, or
m
copmmfae I." or in the name of, the To ured, any
claim insured against or to pay thin policy in lull at
Any time, sad payment os tender of payment of the
full amount of this policy, together with all accrued
cats which the Company I. obligated hereunder to pq,
shall terminate all liability of the Company here.
under, including all obligations of the Company with
respect to any litigation &-Audi., and mium,nmt cat.
thereof.
S. SUBROGATION UPON PAYMENT OR SETTLE-
MENT
Whenever the Company shall hate settled A claim
under this policy, it shall be ub,,.ta4 to And be
entitled to All rights, securities, end runediee which
the I ... red would have bad again., Any person or
Property in rupee, to such claim, had this policy not
been issued. If the payment don non cover the lose
AT the insured, the Company -bell be .bT,.%Ad to
each right., securities, and remedies in the proportion
which aid payment bear. ro the amount of aid loss.
1. either event the i... ad -ball transfer, or cause to
be transferred. to the Company such ,iBht., mcuritin,
and remedies, and shall permit the Company to Am
the name of the insured in any transaction or litigation
revolving such rights, securities, or remedies.
6. OPTION TO PAY INSURED OWNER OF IN-
DEBTEDNESS AND BECOME OWNER OF SECURITY
The Company hoe the right sod option, in we any
loss to claimed under this policy by an insured owner
of a indebted. secured by mortgage or- dead of
trust, to pay such insured the Indebtedness of the
mortgagor or truster under Aid montage or deed of
treat, together with all cone which the Compamy is
obligated hereunder to pay, To which we the Core.
gamy .hall become the owner oL sad such insured
.hall at once assign sod trensfer to the Compeny, aid
montage or deed of trust and the indebtedness there.
by nemoul , and such pgmevt shell terminate all
liability under this policy, to each !..,ad.
7. PAYMENT OF LOSS AND COSTS OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pay, in addition to soy Iw insured
.,.fast by this policy, all costs imposed upon the fn.
ured I. litigation carried an by the Company, for the
insured, and I. litigation a tried on by the insured
with the written authori-stim, .1 the Company, but at
Otherwise. The Bability of the Copan, under this
policy shell in A. cne exceed, in ell, the Actual loo
of the insured and costs which the Company u obligated
hereunder to pay, end in n ea -hell such tad
liability a teed the s untof this poll., and aid
room- All payments under this policy shall reduce the
...net of the insurance pro t.mo. and payment of In.
am damage to en Wanted owner of indebted... -bell
reduce, to the extent, the liability of the COWpanp to
the insured owner of mid land. No payment easy be
demanded by any insured without producing this policy
Or indor.emen, el such payment.
a. MANNER OF PAYMENT Of LOSS TO INSURED
Loa. under this policy .hall be payable, first. to any
ured owner of imdebtedmas secured by mnngage or
deed of trust shown in Schedule B. fn order of priority
therein shown, and if such ownership vast. in more
the. ..a, payment shall be made ratably ea their
respective interate may appear, and thereafter any
la. .bell be Payable to the other heated, sad if mom
than one, then to such insured ratably as their raper-
titre interests stay appear. If there be no such Noted
water of indebtedness, any loss shall be payable In
the insured, and if ..,a than ..A. to such insured
retabl, as their .,,active filature lay aPpear.
9. DEFINITION OF TERMS
The fallowing te,m- when ured I. this policy mean:
(a) • named ins ured': the persons and corporation.
named to insured in Schedule A of this policy; (b)
--the I ... red ": such named insured together with (1)
each succusoc he ownership of any indebtedness
eared by any mortgage to dead of trust shown in
Schedule B, the owner bf which Indebtedness L.
named Therein as an insured, (2) any such owner or
successor in ownership of any such indebtedness who
acquit. the lead described fn Schedule A or any
pan thereof, by Lawful means in eeisfactlos of ofd
mdebtedneas or any put thereof, (3) any Buncromnal
Agency or Instrumentality acquiring said land under
An insurance contract or guarantee insuring or Beer.
Antonio, mid indebtedness or soy part thereof, and
(d) any person or corporation deriving an estate or
internal I. aid land An A. heir or devisee of A named
ran- red or by me... of the of ... I.ti.n, mArgeq or
c .... lidathm Of A corporate .anted insured; (c)
"land ": the lead described specffially or by ref cumm
in Schedule A and improvements affixed thereto which
by law c nu te r ite sal Property: (d) "date': the
z..t day, hour and Asian. specified in the first Ilse
of Schedule A (mina the context clearly require. a
different Aw .i.g) ; (A) "t.xfvg -ganci •: in Sate
and each c ..ty, city and county. city and district
in which said lend o, some part thereof f- -treated that
Levin tans or ameument. on red property; (f)
"public record.': those paalic records which, ..de,
the recording laws, impart constructive notice of me-
ten relating to said land.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provisioe or condition of this poll., un be waived
or changed except by writing oriented hereon or At.
tached hereto signed by the President, a Vice Proud.
dent, the Sur au,, or sat Assistant Secretary of the
Company.
If. NOTICES, WHERE SENT
All ration required to be give. the Company and any
statement in writing required to be furnished the Core.
Pan, shell be Addressed to A at be office which issued
did. 'all.,.
*1
Ar
h
50 CPO
2
3
blocks 35, 36, and 37
EL c5EGUNDO
Book 22 Pages 54 and 55 of Maps
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1 589 °53'52 "W. 1
THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
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