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D109101] 9 -56 California Land Title Association Standard Coverage Policy Form Copyright 1950 Fee$ Z5—,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 C 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, B and C 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��v�i -�_ PRESIDENT Attest /j� Js��F SECRETARY d'� cl 101IA•B 9.56 California nard Land p licy form SCHEDULE A Copyright 1950 Coverage policy Form Copyrlehf 1950 Amount $385.00 Date January 24, 1958, at 8 a.m INSURED CITY OF EL SEGUNDO, a Municipal corporation. The title to said land is, at the date hereof, vested in: CITY OF EL SEGUNDO, a municipal corporation, SCHEDULE B Policy No. 4914569 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 the first page 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. IL Any facts, rights, interests, or claims which ate 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. 6. Any laws, governmental acts or regulations, including but not limited to caning 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. 1� 10128 Cont. 9.56 C.M.W. Lend nag Mt S C H E D U L E B— (Continued) Coverage Policy form Form Standard Cov Copyright 1950 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 the deed from Los Angeles Trust & Savings Bank, recorded in book 6687 page 187 of Official Records, affecting lot 7, and in tYie deed from Pacific Southwest Trust & Savings Bank, formerly Los Angeles Trust & Savings Bank, recorded in book 2753 page 60 of Official Records, affecting lot 8, said deeds being recorded prior to February 15, 1950, Q' 4 Q�V .ss 101PC 936 California Land Title Arcociation SCHEDULE C Standard Coverage Policy Form Copyright 1950 The land referred to in this policy is situated in the county of Los Angeles, state of California, and is described as follows: The southerly 3 feet of lot 8 in Block 47 of El Segundo, in the city of E1 Segundo, county of Los Angeles, state of California, as per map recorded in book 18 page 145 of Maps, in the office of the county recorder of said county. Such interest as was acquired by the certain deed recorded January 24, 1958, which described the southerly 3 feet of lot 8, Block 47 of El Segundo Tract, as per map recorded in book 18 page 145 of Maps, for public street purpose. �\d lO 1012D 9 -56 California land Title Association Standard Coverage Policy Farm 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 arising out of any of the following: (a) defects, liens, claims, encumbrances, or other matters which result in no pecuniary loss to the insured; (b) defeeta, lien., oncombrances, or other matters created or occurring subsequent to the date hereof; (c) defects liens, encumbrances, mbran other motion created or suffered by the insured claiming each loss or damage; or (d) defects, liens. claims, a mbrances, o other matters fisting at the date of thi r s policy and known to the insured claiming such loss or damage, either at the date of this policy or at the dare, such insured claim. ant acquired an estate or interest insured by this policy, unless such defect, lien, claim, encumbrance 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 policy on the public records. Any rights or defenses of the Coupon ageing a nm aed insured shall be equally available against any person or corporate.. 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 at its own coat shall defend the insured in all litigation consisting of actions or proceedings against the insured, or defenses, restraining orders, or injunctions interposed against a foreclosure or sale of said land in satisfaction of any indebtedness, the owner of which is insured by this policy, which litiga. time is founded upon a defect, Ile., a umbrtmes, or other matter insured against by this policy, and may pursue each litigation to final determination in the court of last resort. In came any such litigation shall become known to any insured, or case knowledge shall come to any insured of any claim of title or interest which is adverse to the title as sured or which might se lose damage for which the Company .hall a n o may be liable by virtue of this policy, such insured shall notify the Company thereof in citing. If such notice shall not be given to the Company at least two days before the appearance day in any such litigation, or if such insured shall not, in writing, promptly notify the Company of any defect, lien, encumbrance, or other matter insured against, or of any such advances claim which shall come to the knowledge of much insured, i report to which loss or damage is apprehended, then all liability of the Company as to each insured having such knowledge shall came and terminate; provided, however, that failure to so notify the Company shall In no case prej. active the claim of any insured 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 other act which, in its opinion, may be necessary or desirable to establish the title, or any in s ured lien or charge, are insured. In all came. where this policy permits or require. the Company to prosecute or defend a., action or proceeding, the insured shall .,cure to it in writing the right to an 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 .hall as mist the Company in any such action n e r proceeding, i eflmcla, settlement, maturing e . Bence, obtaining witnesses, Prosecuting or defending much action or proceeding, to such extent and in such manner as is deemed desirable by the Company, and the Company shall reimburse the insured for any cap ... a me, incurred. The Company shall be sobrogmed to and be entitled to all come and attorneys fees in STIPULATIONS turned or 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 this paragraph means actual knowledge, and don not refer to conetrnetive know]. edge or cult ee which may be imputed to the inured by the public records. 3. NOTICE OF LOSS. LIMITATION OF ACTION A statement in writing of any less or damage for which it is claimed the Company is liable order thin policy shall be furnished to the Company within sixty days after such loss or damage shall ha a been ascertained. No action or proceeding for the recovery of any each loss or damage shall be instituted or maintained against the Company toil after full compliance by the insured with all the condition. imposed o the insured by this policy, nor unless commenced within twelve months after receipt by the Company of such written statement. 4. OPTION TO PAY, SETTLE, OR COMPROMISE CLAIMS The Company reserves the option to pay, settle or compromise for. or n the name of, the insured, any claim insured against or to pay this policy in full at any time, and payment or tender of payment of the full amount of this policy. together with all accrued costs which the Company is obligated hereunder to pay, shall t erminate all liability of the Company here. under, including all obligations of the Company with aspect to any litigation pending and subsequent costa thereof. 5. SUBROGATION UPON PAYMENT OR SETTLE- MENT Whenever the Company shall have settled a claim under this policy, it shall be subrogated to and be entitled to all rights, securities. and Remedies which the insured would have had against any person or property f respect to such claim, bad this policy not been If the payment does not cover the lee. of the insured, the Company shall be eubregated to such rights, securities, and remedies in the proportion which said payment bears to the amount of said loss. In either event the insured shall transfer, or c ere to be transferred, to the Company such rights, securities, and remedies, and shall permit the Company to use the more of the insured in any transaction or litigation involving such rights; securities, or remedies. 6. OPTION TO PAY INSURED OWNER OF IN. DEBTEDNESS AND BECOME OWNER OF SECURITY The Company has the right and option, in case any er lose is claimed und this policy by an insured ow n of an indebtedness secured by mortgage or deed of trust, to pay such insured the indebtedness of the mortgagor or truster under said mortgage or deed of trust, together with all costs which the Company its obligated hereunder to pay, in which case the Core pany shall become the own of, and such insured shall at once assign and transfer to the Company, said mortgage or deed of trust and the indebtedness thee. by secured, and such payment shall terminate all liability under this polies to much favored. 7. PAYMENT OF LOSS AND COSTS OF LITIGATION. INDORSEMENT OF PAYMENT ON POLICY The Company will pay, in addition to any love insured .,.fast by this policy, ell cove imposed upon the in. sured in litigation carried on by the Company for Rho insured, and in litigation carried on by the insured with the written authorization of the Company, but out otherwise. The liability of the Company under this policy shall in o came ....a, in all, the actual loss of the in. red and costs which to, Company is obligated It er ender t nay, and in no call .ball much total liability exceed the amount of this policy and said costs. All payments under this policy shall reduce the amount of the insurance pro conic, and payment of loss ort damage to an insured o r of indebtedness shall reduce, to that extent, the liability of the Company to the insured ow m r of said land. 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 Lee. under this policy sbell be payable, first, to any insured owns of indebtedness secured by mortgage or deed of trust shown in Schedule B, to order of priority therein shown, and if such ownership vests in more than one, payment shall be made ratably as their spec interests may appear, and thereafter any loo .hall be payable to the other insured, and if more than one, then to such insured ratably as their respec- tive interests may appear. If there be no such insured the iof indebtedness, any lose shall be payable to n ured, and if ..to than mice, to much insured ratably am their respective interests may appear. 9. DEFINITION OF TERMS The following terns when used in this policy m . (a) "named insured": the persons and corporations named are insured in Schedule A of this policy; (b) the insured ": euoh named insured together with (1) each successor in ownership of any indebtedness secured by any mortgage or deed of trust shown i Schedule B, the we,, of which indebtedness is named herein as an insured, (2) any ouch owary or suecesso r in Oership of any each indebtedness who acquires the land described in Schedule C or any part thereof, by lawful means in eatufaction of said indebtedness or any part thereof, (3) any governmental agency or instrumentality acquiring said land under an insurance contract or guarantee insuring or guar. anteeing said indebtedness o any part thereof, and (h) any person m corporation deriving an estate or interest in said land as an heir or aevi.ee of a named insured or by reason of the dissolution, merger, or consolidation of s corporate named insured; (e) "land ": the lend described specifically or by reference in Schedule C and improvements .fixed thereto which by law m real eal property; (d) "date" the net day, hour and minute specified in the first line of Schedule A (unloa the context clndy requires e different meaning) ; (a) "taxing agency": the state and each county, city and county, city and district in which said land cremate part thereof Is situated that levies taxes or ments o real property; (f) "public records ": those public records which, under the recording laws, impart constructive notice of met- term relating to amid land. 10. WRITTEN INDORSEMENT REQUIRED TO CHANGE POLICY No provision or condition of this policy can be waived or changed except by writing indented hereon or art mcbel hereto signed by the President, a Vice Presb dent, the Secretary, or an Assistant Secretary of the Company. 11. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Com- pany shall be addressed to it at the office which issued this policy. 0� 1 Blocks 45 to 48 EL 5E'GUNDO Book 18 Poge 145 of Maps UU h HOLLYI4 50 h �a � 143 � IQ Ic 2 ,00 IC7 /13 /43 N O 0 0 3 c h �/ a 4 Q) /0 0 5 0 9 0 c_ /43 o (o 7 o 0 0 � /43l � IQ larw 2 ,00 /13 N O 0 /43 h �/ O Q) /0 0 0 9 0 � /43 � h Z v 90 50 /4 GQAND Ii u AVE. o 50 r- AVE. h O 0 V 50 0 0 THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.