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D120TO 1012 FC (7 -68) C 19.3 D California land Title Association Standard Coverage Policy Form Copyright 1963 POLICY OF TITLE INSURANCE ISSUED BY Title Insurance and Trust Company Title Insurance and Trust Company, a California corporation, herein called the Company, for a valuable consideration paid for this policy, the number, the effective date, and amount of which are shown in Schedule A, hereby insures the parties named as Insured in Schedule A, the heirs, devisees, personal representatives of such Insured, or if a corporation, its successors by dissolution, merger or consolidation, against loss or damage not exceeding the amount stated in Schedule A, together with costs, attorneys' fees and expenses which the Company may become obligated to pay as provided in the Conditions and Stipulations hereof, which the Insured shall sustain by reason of: 1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or referred to in Schedule C, existing at the date hereof, not shown or referred to in Schedule B or excluded from coverage in Schedule B or in the Conditions and Stipulations; or 2. Unmarketability of such title; or 3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is named as an Insured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon the estate or interest referred to in this policy; or 4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule B, or excluded from coverage in the Conditions and Stipulations, said mortgage being shown in Schedule B in the order of its priority; all subject, hereto annexes 1�ki c r 1 t1$ v 0 ea ^W on; p dat��hgq a n i 1 ° 1 of Schedules A, B and C and to the Conditions and Stipulations ,of, Title Insurance and Trust Company has caused its seal to be hereunto affixed by its duly authorized officers Schedule A. Title Insurance and Trust Company by PRESIDENT Attest V L / V /`�a*.✓`^�W SECRETARY M TO 1012 -1 As C Colifomla land Title A,,.lation Standard Coverage Po11cy-1963 OP in dtp/sh Y, SCHEDULE A Effective February 11, 1970 Premium $ Amount $ 43,450.00 Date at 8:00 a.m. Policy No. 803995 I N S U R E D CITY OF EL SEGUNDO, a Municipal Corporation. 1. Title to the estate or interest covered by this policy at the date hereof is vested in: CITY OF EL SEGUNDO, a Municipal Corporation. a 2. The estate or interest in the land described or referred to in Schedule C covered by this policy is a fee. Oou SCHEDULE B This policy does not insure against loss or damage by reason of the following: PART I 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. 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. 3. Easements, claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. TO 1011.15 Cont. C C.Ilf.W. land T91. M od Wlon Standard U....9. Polloy -1963 S C H E D U L E B— (Continued) PART II 1. General and special county and city taxes for the fiscal year 1969 -1970, including personal property tax, if any Total Amount : $379.17 First Installment : $189.60 plus penalty Personal Property Of : None Second Installment : $189.57 2. An easement affecting all of said land for the purposes stated herein, and incidental purposes In Favor Of : Standard Oil Company of California For : pipe lines Recorded : in book 15709 page 328, Official Records Said Matter Affects : Lot 14 3. A lease, affecting the premises herein stated, executed by and between the parties named herein, for the term and upon the terms, covenants and conditions therein provided, Type of Lease : oil and gas Dated : April 3, 1937 Lessor : Security -First National Bank of Los Angeles Lessee Elsie Oil Company, a corporation Recorded : December 11, 1937 in book 15448 page 261, Official Records Affects : said land No representation is made as to the present ownership of said leasehold or matters affecting the rights or interests of the lessor or lessee arising out of or occasioned by said lease. 4. An easement affecting the portion of said land and for the purposes stated herein, and incidental purposes, In Favor Of : Standard Oil Company of California, a corporation For : a pipe line, for transportation of oil, petroleum, gas, gasoline, water or other substances over that certain parcel of land Recorded : October 13, 1938 in book 16106 page 142 Official Records, as Instrument No. 147+ Affects : as close as practical to the following described route: Beginning at a point in southerly boundary line of said Lot 15, distant westerly thereon 72 feet from the southeast corner of said lot, thence northerly in a direct line to a point in the northerly .boundary line of said Lot 16, dis- G� page 2 tent westerly thereon, 68 feet from the northeast corner of said lot. Said Matter Affects : Lot 15 and 16 Said instrument, among other things, provides in the event that location of pipe line of Grantee on above described property shall at any time interfere with operations of Grantor on said lands, the Grantee will at its own cost and expense on 60 days written notice relocate said line on a new right of way to be provided by Grantor without cost to Grantee. Said new right of way is to permit practical connection with points of severance of right of way of Grantee on adjoining property. This grant of right of way may be terminated upon 60 days written notice at any time upon termination of oil lease upon said premises. "Grantee shall have the right at any time to lay additional lines of pipe alongside of line or lines already laid, but shall pay Grantor for each additional line laid the same consideration paid herefor. All terms hereof shall apply \ to said additional line." oI� TO 1012.1— IOS&IC C Americon Land Title Association Loan Policy Additional Cowroge -1962 SCHEDULE C or California Land Tifle ation Standard Coverage Polity -1963 - 1963 The land referred to in this policy is situated in the county of Los Angeles, state of California, and is described as follows: Lots 14, 15 And 16 in Block 32 of E1 Segundo, in the city of E1 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. EXCEPT therefrom all petroleum, gas, asphaltum and other hydrocarbons, and other minerals, whether similar to those herein specified or not, within or underlying, or that may be produced from said land, together with the exclusive right to enter into, across or through the subsurface of said land for the purpose of taking or producing any petroleum, gas, asphaltum and other hydrocarbons, and other minerals, in and under said land, by directional drilling or other subsurface operations, and the exclusive right to use the subsurface of said land for the purpose of injecting therein or withdrawing therefrom, gas, oil or other substances, whether hydrocarbon or not, for storage repressuring, or other purposes, but with no right of entry above a depth of 500 feet beneath the surface of said At— property as reserved by Ruth W. McCray, a widow; Ruth W. McCray, as Executrix of the last will of Alan A. McCray, deceased; Maurice C. McCray and Camille D. McCray, husband and wife; Maurice C.-McCray, Trustee of the Helen M. McCray Trust and The Robert J. McCray Family Trust; Charles T. Munger, Trustee of the Helen M. McCray Trust and The Robert J. McCray Family Trust; and Loraine T. Ealand, Trustee of the Helen M. McCray Trust and The Robert J. McCray Family Trust, in deed recorded February 11, 1970. y`d CLTA 107.8 (4- 10-69) (8 -69) ALTA OR STANDARD COVERAGE INDORSEMENT ATTACHED TO POLICY NO. 803995 ISSUED BY Title Insurance and Trust Company The following exclusion from coverage under this policy is added to Paragraph 3 of the Conditions and Stipulations: "Consumer credit protection, truth in lending or similar law." The total liability of the Company under said policy and any indorsements therein shall not exceed, in the aggregate, the face amount of said policy and costs which the Company is obligated �)1cL under the conditions and stipulations thereof to pay. This indorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. ,to 0 Title Insurance and Trust Company SECRETARY TO 234 YO A EL SEGUND© M. f5. LB PG. 69 BLOCKS 116"316 3B @ This is not a survey of the land but is compiled for information by the Title insurance and Trust Company from data shown by the official records. �\yv 0 CONDITIONS AND STIPULATIONS (Continued end Concluded From Reverse Side of policy Far ce)µ the Full amount of This policy, together an indebtedness with all the attorneys' Fees and expenses shown in t Company is obligated hereunder Secured by a mortgage Inns should result from any act of the 1a ro Schedule B h an Insured herem Pay, shall terminate all liability then such payments Sured . In event, °f the taoto the shall not reduce pro Such act shall Company hereunder n the amount f but the not void this policy notice of claim has after hereunder ° the insurance afforded Company. in that event been given to the Cum. as to such Insured, except ro the requred u, pay only that t, Shan re Pant ch the Insured, extent that such Part of an to purchase said mdeb the Company offers Payments reduce insured y losses of [h the amount against hereunder which shall ez- su<h redness the owner of e indebtedness secured b teed the amount, y, lust to the C indebtedness shall tra gage. Paymem m Y such morr- an if m said indebtedness and the natter and assign voluntary full re any person or P Y by reason nF the ohe the same to mpany upon payment meet of satisfaction or release (Ines[ of subro he Insured of he the C. B Sured e a mortgage by the In- quested b= theg'Ition. The Insured, if the purchase price. p Payment of shell terminate abilit feof by this policy the Co rny an Company, shall transfer to to the insured Y the Company p y all rights and remedies 7. PAYMENT owner of y against any person or pro err OF Lp55 secured by such molt the except as indebted order to perfect such ri p Y necessary in (a) The liability of the Com vided in paragraph 2 gage, hereof as pro- and shall ehl of subrogation, this pang under (e) When Permit the C Policy shall t no case exceed, in all liability name of the Insured inompany to use the the actual loss of the lnsured has been definitely htigation involving such rights or or fined in accordance with the condition attorneys' fees which the Co an costs and this policy the Ions or damage shad( io pay- B or remedies. obligated s of If the Insured is hereunder to l p Y may be able within the owner °f the in- any y. thirty days thereafter. debtedness secured an The Company will by this Policy by a mortgage covered to any loss insured againstpby m addition B, LIABILITY NONCUMULATIVE sustitut th such Insured may release or all casts im osed upon Y this policv, It is LATIVE personal liability of an P yon the Insured in liti, amount of this Policy understood debtor or guarantor, or ez[end or otherwise Ration ,and a l by the Com polic is that the modify the terms of Insured, and all cost pang for the amount the Y reduced by any a portion of Payment, or release litigation carried GO by bndtat[orneys' fees in policy . onthenv slid may pay under any lien of the the estate or interest from the the writte Y he fns Company with any Insuring i[y or Priority mortgage or release an n authorization of the Y mortgage shown or referred ed i lateral security for the indebtedness, p col - (c No . Schedule 13 hereof [° m vided such claim far dame s are an act does not result in any loss be Mai . Shen ar after executed y mortgage here - of ntaina6le under [Sts p y (IS) if charge ry the Insured watch is a Priority of the lien of the mortgage. odic ri or lien on the estate or interest 10. POLICY ENTIRE CO of e an omleged after having received notice described or referred to in Schedule A, and An alleged defect, lien or encumbrance the amount so paid shall b CONTRACT not excepted or excluded e deemed Y sawn or actions or rights such defect, herein removes ment to the Insured and a Pay- that the lnsured of action lien or encumbrance provisions of this er this policy. The against the may have or n reasonable time after receipt within a Para Company arisen '` y bring or (In ) for Pt of such notice, shall not apply t° an In ph nunere of an brains of the lien rt out ov the liabihry voluntarily indebtedness secured b Sured ow n u( the mortgage covered the Insured in on assumed it Y a wort Y this policy or the title of without settling any claim or suit 'n Schedule B unl ass such InSatda shown interest insured herein must be estate n waste a consent of the Company, ode ro said estate o cqu res th Nprovi r of (3) in the event the r interest in satisfaction start" of this based on unmarketable because of tale is rejected as of said indebtedness or an policy' defect, Y part thereof. ° provision nr condition of this policy encumbrance not excepted lien or can be waived or changed except b writing this post or excluded in P' SUBROGAT/0N UPON endorsed Y until there h SETTLEMENT PAYMENT OR hereon or attached herem signed determination by as been a final by the President, diction Y a court of competent juris, Whenever the Secretary, a V'Ce President, the on sustamrng such rejection . Company shall have settled validating fficer sistant a claim under this polity, ail right h Secretary or other (d) All payments under this rogation shell v 8 t of sub- B of the Compan . Ce s pa menu { Poli eat in the Company i i. NOTICES, WHERE Y Y made for costs, attorneys, ty' ex, affected b fees y any act of the unC I'd expenses, shall reduce shall be subro e I °Sured, and it An SENT shall the insurance it the amount all gated to and be entitled to Play notices required to be given shall be made w' hou rant° and tights and remedi P Y and any statement in a =ritln the Crrm- rthout producing th sayoliet would have had es which the Insured to be furnished B required for endorsement of such p Y e°ty in res a against any person or pro - dressed the Company shall be ad the po2ic Payment unless P ct d such claim had this policy p°lic to it at the office which issued this case f f lost or destroyed, in which not been issued. If the pay y or to its proof of such loss or destruction shall Cover the loss of the Insa edment does not SprirtB Street, Home Office, 433 South be furnished, to the satisfactio shall be subroga[ed M =the Company . Los Angeles 5 -0, panyi provided, however, !f nhef the Com- such rig h s 11. THE PREMIUM California the owner of remedies in the proportion which aid and A IS THE M SPECIFIED 1 mcm bears to the ENTIRE IT SCHEDULE amount of said loss. If CHARGE FOR TITLE SEARCH, TITLE EXAMINATION AND TITLE INSURANCE. Tr Title Insurance and Trust Company