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D1061012 6 -53 California lord Title Attecipfior Standard C..,.ge Policy Porm 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 �O 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 �r- TRUST /JCOMPANY by IN PRESIDENT caj 1012A 8 -53 CaltfoMci Land Tills Anoclafim. Standard Cornaga Pelicy Form SCHEDULE A Copyright 1950 Amount $6,500.00 Date August 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: Policy No. 4277903 CITY OF EL SEGUNDO, a municipal corporation. 1 � � 1 y b 2. Description of land in the county of Los Angeles, state of California, title to which is insured by this policy: Lots 40 and 41 of block 62 of E1 Segundo Tract, 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 8.53 California Land Title Association Standard Covers.. Pali, Form Capyri9ht 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 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. 0 2. Covenants, conditions and restrictions contained in deed from Los Angeles Trust and Savings Bank, recorded prior to February 15, 1950 in book 6152 page 313 of Deeds. � I S� n 1012 -C 8.53 California Land Title Auociation Standard Coverage Policy Form Copyright 1950 1. SCOPE OF COVERAGE This policy does not insure against, and the Company will not be liable for less or damage created by or rang out of any of the following+ (a) defect., liens, claims, encumbrances, or other mattem which result in no pecuniary lose to the insured; (b) defect., If... wicandIrwer., or other mat ters created o occurring e nt ub.eque to the data hereof; (c) defects• live., encumbrances, rather matters created or suffered by the insured claiming such lox or damage; or (d) defect., lien., claims, en umbrhnces, o 1 other matrs te existing at the date of this policy and known to the .ured claiming such loss or 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, onlm .uph defect, ]fen, claim, en umbra.ce Or other matter shall have been disclosed t. the Company in writing prior to the issuance of this policy or appeared at the date of this policy on the public recO,d.. Any rights or defense. of the Company against a named inured shall be equally available against any person or corporation who shall become an insured hereunder as successor of such named insured. 2. DEFENSE OF ACTIONS. NOTICE OF ACTIONS OR CLAIMS TO BE GIVEN BY THE INSURED The Company et its own cost shall defend the I... ad is all litigation c r .facing of actions or pmceedivp against the insured, or defenses, restraining orders, or f.junetia.n interposed against a foreclosure o ode of said land m satisfaction of any indebtedness, the er of which I. insured by his polfey, which litiga- timis founded upon a defect, lien, encumbrome , or other matter insured against by thin policy, and my pursue each litigant.. to final diommi.mion iv the curt of Wt resort. Iv cue evy such liuptims shell become known to any insured, or t n case knowledge shell come to any insured of any claim of title or interval which v advent. to the title a ins ared or which might cause loss or damage for which the Company shell a may be liable by virtue of this policy, such insured shell notify the Company thereof j. writing. if such Waite shall not be given in the Compevy at Iean two days before the appearance dry j. any such litigation, or B such insured .ball not, its writing, promptly notify the Company of my defect, lien, encumbrance, or other matter insured against, or of aq such adverse ,him which shall come to the knowledge of such insured, in respect to which lose or damage is apprehended. the. all liability of the Company as to each insured loving such knowledge .hall ease end terminate; provided, however, that failure to so notify the Company shall in no ,m prej. immured udice the claim of any unless 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 ocher act which, in tee opinion, may be receanry of desirable to establish the title, or any insured lien or charge, u insured. I. dl cases 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 name of the insured for such purpose. Whomever requested by the Catalina, the insured shell .saint the Company iv way each action at proceeding, in .Betting settlement, securing evi- dence, obtaining witnesses, prosecuting or defending such action or proceeding, to such extent and to such worrier a. is deemed desirable by the Company, and the Company shall reimburse cite favored for a., expense so incurred. The Company shall be subrogated to and be entitled to all costs and attorney.' fen in. STIPULATIONS tarred at eap•nded 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 this paragraph means actual knowledge, and data ram refer to constructive knowl edge o n notice which may be imputed to the insured by the public records. 3. NOTICE OF LOSS. LIMITATION OF ACTION A statement in writing of any lees or damage for which it is claimed the Company is liable under this policy shall be I ... i.hed to the Company within sixty day. after such loss or damage shall have been ascertained. No action or proceeding for the recovery of any such lose or damage shall be instituted or maintained against the Company until after full compliance by the insured with all the condition. imposed on the insured by this policy, nor unlw commenced within twelve months alter, receipt by the Company of such written statemant. 4. OPTION TO PAT, SETTLE, OR COMPROMISE CLAIMS The Company re rvea the option to pay, settle, or ompr.mise for, or in the ns s of, the insure d, say claim inured agaLaat or to pay thin policy in lull at any time, and payment or tender of payment of the full amount of this policy, together with all seemed taus which the Company is obligated hereunder to pry, shall terminate all liability of the Company here - andeq including ell obligation. of the Company with respect to any litigation pending and aubuqucnt cast. thereof. S. SUBROGATION UPON PAYMENT OE SETTLE- MENT Whenever the Company shall have settled • claim . order this poll,,, it shall be aubrogated to and he entitled to all rights, se s uritim, and remedies which the it ured would have had against an, poison o proper, in respect to such ehfm, bad thin p.It, not been Issued. If the payment does not cover the loss of the insured. be Company sbell be .abrogated w such rights, securities, and remedies in the proportion which said payment beer. tar the amount of said Ims. In either event the insured shall transfer, or cane. to be transferred, to the Company such rights, securities, and remedies, and shall permit the Company to u the arsine of the I ... red tar any tmr.amm or litigation involving such rights, semantfea, or remedies. 6. OPTION TO PAY INSURED OWNER OE IN- DEBTEDNESS AND BECOME OWNER OF SECURITY The Company he. the right and optims, in cue say loss is claimed under this policy by to insured owner of ao indebonow. se .red by monpge or deed of trait, to pay each insured the indebtedness of the mortgagor or trutor under said mortgage or deed of trust, together with all costs which the Company is Obligated hereunder to pay, in which we the Com- pany shell become the owner of, and such insured .hell at ..an mip and transfer to the Company, raid mortgage or deed of treat sad the indebtedness there- by a soared. and such payment shall Imatioste .11 liability under 'his policy to such insured. T. PAYMENT OF LOSS AND COSTS OF LITIGATION INDORSEMENT OF PAYMENT ON POLICY The Company will pry, in ddhion to any Iw Insured spinet by this policy, all amot imposed upon the to ..red in Unpile. carried of by the Compaq for the insured, and in litigation carried on by the insured with the written authorimtio.of the Company. but not otherwise. The liability of the Company under this policy shall in no case exceed, in all, the actual lm of the insured and cents which the Company is Obligated hereunder to pay, and fn .a shall such total liabiliry exceed the ....at of this polfey and said costa. All payments under this policy shall reduce the • unt of be in a pro topic, and payment of It.w or u do., to a. insured courear of indebted naa 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 Lose under this policy shall be payable, first, to any favored owner of indebtedness entered by mor'pge or dead of trust shown is Schedule B, in order of priority therein shown, and if such ownership vests to more than one, payment shell be wile ratably es their respective interests may appear, and thereafter any loss shall be payable to the other insured, and U more the. one, then to such insured .,ably u their rvapem Live interests may appear. If there be m such moved was, of indebtedness, any Ims shall be payable to the insured, and if m a,. the. our, to such insured nimbly as their respective interests may .pPe.n 9. DEFINITION OF TERMS The following terms when used in thin policy mean: (a) "named insured": the pa.... and corporations named .. in ured fn Schedule A of this policy; (b) the insured ": each ...ad insured together with (1) each successor t ownership of my Indebtedness ego ved by any mortgage or dead A trust shown i Schedule B, the owes, of which indebtedness is named herein as an insured, (2) any such owner or anu r e whip of any such Itdebnedvva. who .... imtbe land described La Schedule A or say put thereof, by Lawful means in satisfaction of mid indebtedness or any pan thereof, (3) any governmental agency or instrumentality acquiring said land under an insurance contract or guarantee moving or guar. entrain{ said indebtedness or any part .thereof, and (4) any person or corporation deriving in mute or Interest I. said ].ad ., .. heir or devisee of ...med banned or by r nom of the dimalution, merger, at e.lichwiou of arporne named insured; (e) "lend ": the lead described .peaffically or by reference in Schedule A and improvements affixed thereto which by law c nstisur< • eal property; (d) "due': the out day. he., ead minute specified in the fiat Una of Schedule A (unless the contest de.rly require. e different meaning) ; (e) owning agency"; the State and each c pity, tit, snit a ..ty, city end district t. which said fund or come put thereof le situated that ].vise t.sva o essesemants can real pmpeny; (f) "public records": these public records which, under the recording law., impart c ... 'mctive, notice of mat- ters relating to ofd la.d. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy cat be waived at changed except by writing larboard bureau or at. tached berate signed by the President, • Vice Prod. dent, the Secretary, or an Assistant Secretary of the Company. It. NOTICES, WHERE SENT All notices required to be given the Company and my statement in writing required to be famished the Com- p.q shell be addressed to it at the oB:c, which is sued this policy. O \� s \ \illl 0a 167 TATS 40 & 41, BLOOK 62, OF EL SEWNDO TRACT i�o i N O L G Y A VE. h k to 0 NJ W 50 4277903 E.S. THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.