D1101012 9.56
California land Title Association
Standard Coverage Policy Form
Copyright 1950
Fee $�5
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
AQ 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 [thereof, 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 INSU'R�A`NC�E AND TRUST COMPANY
by
rRasmcxr
SECIMART
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1017A -S 9 -56
California land Titla Anodation
Standard Coverage policy Form
Copyright 1950
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SCHEDULE A
Amount $15,500.00 Date December 13, 1957, 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. 4886813
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.
8. 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.
10118 Cant. 9.56
California Land Title Association
Standard Coverage Policy Form
copyright 1950
S C H E D U L E B— (Continued)
PART Two: This part of Schedule B shows liens, encumbrances, defects and other matters affecting the
tide to said land or to which said title is subject:
1. Second installment of general and special county and city
taxes for the fiscal year 1957 -1958, amount $82.19.
2. Covenants, conditions and restrictions affecting said lot
9 contained in the deed from Los Angeles Trust and Savings
Bank, recorded prior to February 15, 1950 in book 5489 page
301 of Deeds.
3. Covenants, conditions and restrictions, imposed by city
of E1 Segundo, a municipal corporation, in deed recorded
April 21, 1955 in book 47553 page 60, Official Records, 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.
The covenants, conditions and restrictions referred to above
include restrictions upon the sale or occupancy of said land
on the basis of race, color or creed.
1012C 9.56
California Land MI. ofo
Standard CewraBS PoIT ty Form SCHEDULE C
CoPYrfHht 1930
The land referred to in this policy is situated in the county of Los Angeles, state of California, and is
described as follows:
Lots g, 10, 11, 12 and 13 in block 22 of E1 Segundo, in the
city of El Segundo, county of Los Angeles, state of California
as per map recorded in book 18 page 69 of Maps, in the office
of the county recorder of said county.
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EL SEGUNDO
book 18 Page 69 of Maw
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THIS IS NOT A SURVEY OF THE LAND BUT IS COMPILED FOR INFORMATION ONLY FROM DATA SHOWN BY OFFICIAL RECORDS.
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1012D 9 -56
California Land Title Association
Standard Coverage Policy Form
Copyright 1950
�IQ
IIJJ1
1. SCOPE OF COVERAGE
This policy does not insure against, and the Company
will no[ be liable for loss or damage created by or
wing out of any of the following: (a) defects, liens,
c iflnus. encumbrances, or other manes which result in
no pecuniary loss to the insured; (b) defects , liens,
n unboures, mr mher manes created To occurring
subsequent to the date hereof; (c) defeats, liens,
mbrn ex other masers created or suffered by
the insure(] claiming such loss or damage; or (d)
defects, liens, alai encumbrances, o other matters
existing at the date of this policy and known to the
invited claiming such loss or damage, either at the
date of this policy or at the date such insured claim.
ant acquired an estate or patsies, insured by this policy,
unless each rI,fem, lien, cIn... ...... e w
foanc or het
matter shall have been disclosed to the Company in
citing prior to the issuance of this policy or appeared
rr the date of this policy on the public r strands. Any
rights or defenses of the Company against a named
insured shall he 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 at its own coat shall defend the insured
in all litigation consisting of actions er proceedings
against the insured, defens. restraining orders, or
inlur ions interposed against a foreclosure or sale of
said land satisfaction of any indebtedness, the
owner of which is insured by this policy, which litiga-
tion is founded upon a defect, lien, encumbrance, or
other matter insured against by this policy, and may
pursue such litigation to final determination in the
court of last resort. In case any such litigation shall
become known to any insured, or in case knowledge
shall crunto to any i red of a claim of title on
interest which is adverse to the title as sured or
which might cause loss or damage for which the
Company shall o may be liable by virtue of this
policy, such insured shall notify the Company thereof
in writing. If such notice shall not be given to the
Company at least two days before the appearance day
i uch litigation, or if such insured shall not. in
writings promptly notify the Company of any defect,
lien, ens mbre o other matter insured against, or
of any such adverse claim which shall < o me W the
knowledge of such insured, in respect to which lees
or damage is apprehended, then all liability of the
Company as to each insured having such knowledge
shall cease and terminate; provided, however, that
failure to s notify the Company shall i case pre) -
odice the claim of any insured unless the Company
shall be actually prejudiced by such failure. The Conn
pane shall have the right to institute and pro acute
any uoil.. at proceeding or do any other act which,
in its opinion, may be necessary or desirable to
establish the title, or any insured lie r charge, as
insured. In all cases where this policy permits or
ego, es the Company m prosecute, ,t 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 us., at its option, the n of the insured for such
purpose. Whenever requested by the aCompany the
,raced shall assist the Company in any such action
or proceeding, n
. , effecting settlement. securing
c n
den obtaining witnesses, prosecuting or c defending
such action at proceeding, to such extent and in such
thener as is deemed desirable by the Company, and
Company shall a imburse the, insured for any
expense ea incurred. The Company shall be aubrogated
to and be entitled to all costs and attorneys' fees in
STIPULATIONS
varied or expended by the Company, which may be
recoverable by the insured any litigation ied
on by the Company on behalf of the insured. The
Ord "knowledge in this paragraph means actual
knowledge, nd doe. tut refer a eon retfve know].
edge note which may be imputed to the insured
by the public records,
3. NOTICE OF LOSS. LIMITATION OF ACTION
A statement in writing of any logs or damage for which
it fs claimed the Company is liable under this policy
,ball be furnished to the Company within sixty days
after nch lose or damage shall ha.. ben ertainod.
No action or proceeding for the recovery of a such
loss damage shall he instituted r maintained
against m
the Company until after full compliance by
the insured wilt all the eondhlon. imposed on 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
mpromue far, or in the name of, the insured, any
claim insure(] against or to pay this policy in fill 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 terminate all liability of the Company here
under, including all obligations of the Company with
res pact to any litigation pending and subsegnent costa
thereof.
5. SUBROGATION UPON PAYMENT OR SETTLE-
MENT
Whenever the Company shall bare settled a claim
under this policy, it shall be anticipated to and be
entitled to all rights, s es unities, and remedies which
the insured would have bad against any person or
property i respect to such claim, had this policy not
heen issued. If the payment does not cover the loss
of the insured, the Company shall be suhrogated to
such rights, securities, and r e medies in the proportion
which said payment bears to the amount of said lose.
In either event the insured shall transfer, or cause to
be transferred, to the Company such rights, securities,
and remedies, and shall permit the Company to use
the name of the insured in any transaction or litigation
involving such rights, securities, or remedies.
b. OPTION TO PAY INSURED OWNER OF IN-
DEBTEDNESS AND BECOME OWNER OF SECURITY
The Company has the right and ol,tion, in case any
x a indebtedness see lea is alai eed under rhea policy by as insured o
n
of it mortg
by mortgage ar deed of
trust, to pay such insured the volditioduree of the
mortgagor or traitor under said mortgage or deed of
trust, together with all costs which the Company is
obligated hereunder to pay, in which case the Coca
pan, shall become he im of, and such insured
shall at on assign and transfer to the Company, said
mortgage of deed of trust and the indebtedness there.
by secured, and uch payment shall terminate all
liability under this policy to such insured.
7. PAYMENT OF LOSS AND COSTS OF LITIGATION.
INDORSEMENT OF PAYMENT ON POLICY
The Company will pay, in addition to any lose insured
against by this policy, all costa imposed upon the in
sured in litigation carried on by the Company for the
insured, and in litigation c road on by the insured
With the written authorization of the Company, but not
otherwise. The liability of the Company under this
policy shall in no case eeed. in all, the actual loss
of the insured and costs which the Company is obligated
hereunder to pay, and in n i case shall Stich total
liability exceed the am not of this policy and said
costs. All payments under this policy shall reduce the
amount of the insurance n pro train, and payment of loss
oridamage to an insured owner of indebmdnem shell
reduce, to that extent, the liability of the Company to
the insured own r of said land. No payment may
be demanded by any insured without producing this
policy for indoreeinent of such payment.
S. MANNER OF PAYMENT OF LOSS TO INSURED
Love under this policy shall be payable, first, to any
insured owner of indebtedness secured by mortgage nr
deed of trust shown in Schedule B, in order or priority
therein shown, and if such ownership y Ia p
than orce, payment shall he made ratably as their
... locative im meats may appear, sad thereafter any
lass shall be payable to the other minced, and if more
than one, then to such insured ratably as their respee
five interests may appear. If there be no uch insured
owner of indebtedness, any lose shall be payable to
the insured, and If ..no than ..a, to such insured
ratably as their respective interests may appear.
9. DEFINITION OF TERMS
The following terms when rise([ in this policy mean:
(a) ured his-rd": the Persons cad corporations
"teed as red in Schedule A of this policy; (b)
the insured ^. such named insured together with (1)
each successor in ownership of any indebtedness
secured by any mortgage or deed of trust shown in
Schedule B. the ow.,, of which indebtedness Is
named herein as an insured, -(2) any such owner or
success ownership hip of any such indebtedness who
acquires the land described in Schedule C or any
part thereof, by lawful m satisfaction of said
indebtedness or any part thereof, (3) any governmental
agency or instrumentality acquiring said land under
an a contract or guarantee insuring or guar-
anteeing said indebtedness or any part thereof, and
(6) any person or corpora lion deriving an estate or
interest in said land as an heir or devisee of a named
insured or by reason of the dissolution, ergeq n
consolidation fez corporate named red; (e)
land": then and described specifically or by reference
in Schedule C and improvements affixed thereto which
by law o o nstitute property; (d) "date ": the
act day, hour and minute specified in the first line
of Schedule A (unless the context clearly requires a
different meaning) -, (e) "taxing agency ": the State
and each county, city and county, city and district
in which said land or some part thereof is shored fed that
levies taxes o n
assessments o real property; (f)
"public records": public records which, under
the rerarding laws, impart constructive notice of met.
tors relating to said land.
10. WRITTEN INDORSEMENT REQUIRED TO
CHANGE POLICY
No provision or condition of this policy can be waived
or changed except by writing indorsed hereon or at.
racked hereto signed by the Presidant, a Via. Preai.
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 riting required to be furnished the Com.
Perry shall be addressed to it at the office which issued
this pulley.
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