Loading...
D122a B COLD WELL BANKER 'fi 533 S. Fremont Avenue, Los Angeles, Ca. 1 613 -3434 F The City of E1 Segundo 350 Main Street E1 Segundo, California 90245 Lattn: Mr, Arthur E. Jones, City Manager J CBE-021 il U', G 1975 City manager El Segundo Date June 5, 1975 Escrow No. 6 -1983 Dear Mr. Jones, In connection with our above numbered escrow, we enclose herewith the items checked below: (%%) Original Policy of Title Insurance (and an extra copy of same) for your files on the purchase of property located at ( ) 438 Sheldon Street, E1 Segundo. tt ) .S« /A!- /S Very truly yours, M. L. Gill /cl Escrow Officer iiarnia land iige Association Standard rage n1l, Form -1973 Policy of Title Insurance Issued by Tpansameplce Title Insurance company FORM NO. 4000 Rc,4 d 70 -73 SUBJECT TO SCHEDULE B AND THE CONDITIONS AND STIPULATIONS HEREOF, TRANS - AMERICA TITLE INSURANCE COMPANY, a California corporation, herein called the Company, insures the insured, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by said insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on such title; 3. Unmarketability of such title; or 4. Any lack of the ordinary right of an abutting owner for access to at least one physically open street or highway if the land, in fact, abuts upon one or more such streets or highways; and in addition, as to an insured lender only: 5. Invalidity of the lien of the insured mortgage upon said estate or interest except to the extent that such invalidity, or claim thereof, arises out of the transaction evidenced by the insured mortgage and is based upon a. usury, or b. any consumer credit protection or truth in lending law; 6. Priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in Sched- ule B in the order of its priority; or 7. Invalidity of any assignment of the insured mortgage, provided such assignment is shown in Schedule B. Tpansemepica Title Insurance Company BY President By Secretary FORM NO. 810 REVISED 10-73 FOR USE WITH CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY FORM -1973 SCHEDULE A Amount of Insurance $ 550, 000.00 Charge $ 1,407.25 Policy No.. 98773 DateofPolicy MAY 30,1975 AT 8:00 A.M.. Order No. 98773 Name of Insured: THE CITY OF EL SEGUNDO, A MUNICIPAL CORPORATION rc 1. The estate or interest in the land described herein and which is covered by this policy is a fee 2. The estate or interest referred to herein is at Date of Policy vested in: THE CITY OF EL SEGUNDO, A MUNICIPAL CORPORATION 1 FORM NO. 804 REVISED 10 -73 FOR USE WITH AMERICAN LAND TITLE ASSOCIATION LOAN POLICY 1970 WITH STREET IMPROVEMENT ASSESSMENT COVERAGE. CALIFORNIA REGION FOR USE WITH CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY FORM -1573 SCHEDULE A— Continued The land referred to in this policy is situated in the State of California, County of Los Angeles City of E1 Segundo , and is described as follows: Lot 1 of Tract No. 2801, as per map recorded in Book 28, Page 3 of Maps, in the office of the County Recorder of said County. EXCEPT THEREFROM all oil and mineral rights, provided however, that the grantor, its successors or assigns, shall not and do not have the right to go upon said land, or any part thereof, to carry on drilling or other operations for the discovery of oil, gas or other hydrocarbons or -other minerals, but said grantor, its successors or assigns, shall have the right to remove said oil, gas, hydrocarbons substances or other minerals - located beneath the surface of said land, by whipstock drilling, slant.drilling or any other means conducted on property other than the real property herein described, as reserved in deeds recorded in Book 14566, Page 347, and in Book �� 18383, Pages 113 and in Book 23886, Page 300, all of Official Records. FORM NO. 812 REVISED 5.74 FOR USE WITH CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY FORM -1979 SCHEDULE B This policy does not insure against loss or damage, nor against costs, attorneys' fees or expenses, any or all of which arise 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. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency 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 the land or by making inquiry of persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, 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. S. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the I issuance thereof; (c) water rights, claims or title to water. �b 6. Any right, title, interest, estate or easement in land beyond the lines of the area specifically described or referred to to Schedule A, or in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing in this paragraph shall modify or limit the extent to which the ordinary right of an abutting owner for access to a physically open street or highway is insured by this policy. 7. Any law, ordinance or governmental re„ ulation (including but not limited to building and zoning ordi- nances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regu. lating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 8. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records. 9. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not shown by the public records and not otherwise excluded from cov- erage but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subse- quent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had been a purchaser or encumbrancer for value without knowledge. SEE NEXT PAGE FOR SCHEDULE. B PART II N FORM NO. 813 REVISED 5 -74 ' FOR USE WITH CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY FORM -1873 SCHEDULE B Part II A. TAXES FOR THE FISCAL YEAR 1975 -1976, A LIEN, NOT YET DUE AND PAYABLE. 1. AN EASEMENT for public utilities and incidental purposes, as granted to SOUTHERN CALIFORNIA EDISON COMPANY, in deed recorded January 20, 1941, in Book 18156, Page 40, Official Records, affecting said land. 2. AN EASEMENT for public utilities and incidental purposes, as granted to SOUTHERN CALIFORNIA EDISON COMPANY, in deed recorded July 23, 1947, in Book 24837, Page 128, Official Records, affecting said land. 3. AN EASEMENT for public utilities and incidental purposes, as granted to SOUTHERN CALIFORNIA EDISON COMPANY, in deed recorded February 20, 1951, in Book 35613, Page 240, Instrument A No. 2851, Official Records, affecting said land. Y� At��[V \ ' �` a wo A � m T O m 1 ' < r D a N ro M m Iz c) N w U ? C m 0 a z w w O co 1_ w A \ \ o SHELDON STt N. O ° 07'0/ "W. 6/4.96 OB V, s A SDI Z 1, e � Wm ..5� oy {♦ O h M 0 09 rAC, pl ♦ W R.a<>q p9 T3G! a V n W� PENN PE ST. s O A H W � O \ Ll S 40. O ol G all N O, wJ 0) e0 O — r9 ti A W N mN 4i V — r�s9s. ri 45 r0 " '• •• 40 4S /6 W SIERRA ST° � r � r io Land TFoeM�5993 iaN StaatdnCd o PoteY Shred, Ur made by s' �� howeverol insured c moctigaR 3. OEFF Y�yyn�LNS �Np �TTPVI ATP ny �(1Nr}I.11La buns of dtc that p h S dell sucancetl tame of A,n Pa' _ 'ads ar uP -_% d by the ,dne' edness. at .,.I td to Y'._` a Uecev'del. aches damaR 'latch i[nuced Clan urea r�rto ,h' alt 9, the 0, 01 ° loo, ennaottBage „ t const[uehv ,as.°wle il, I dole a ever. nr050, of ^Y l bas by 0' oeetvY rov +dfit of Part [ of vy Itica Y cal P P °' notion . . CHedY laa <o"uta¢d hY Pa ngraPh 'ns cde anY aces exelu at other secvrlinC nonce of e decd AES cost, talc jaw impart 'pasta +cL r se record ah +Gh OF TITLE n 10 g ntandAb AFTER ........... ._ "'red by the � 11, insured AI 5. An thnali Costs, Camp° Y o(shall ttans[er the ComCQanY y °Hall liabi11 by >aid ms h to C Wait -F tsuch'in'I Ie "otf@ being -mow ne[YOfhthes aZal toddle Ss Pursuant to ad :dear p sheheundet to t a9on to Putch of the ComDannei than the obhg 55 shall In no Cass tyceed the moICIPAK h a e teinto d. PAYMENT OFundel this P °luY the on 6 to pi tERMne A�abIN 0,140 of slaE thz instNd clai Gann; Sihedu }2 f 2 eizoted bYl +thbl "'Holed if App "'PI-1 aY 'Pte A least Of `[ii1 'the I at s Han s the Dona own¢ "'de dne +s uP dscld ncipal Aet van ede a s tAe na lus inter indebted ee tConRade. a- id Punc haDa,, an lu e snY leS coal P tinier by Yd p li Y I at ddP oa oe tine not' oltcy• ex tired t tb th1$ t such of Ne cA amovar to d moag -ge I'll, insured aea C.oNPa ^Y fo him vided of the insure to anY on by th on by r'c crcatedutb, IwnM add'taan <amod Ptote =t atY •ill Payed in GNRat4 eo catty iTttgate'^ d n atzacda YS The Come tot n oI °and exP ses 4 file 30 (bl Tmp¢sed'Ponat nett +�in of the l,omhaas^been difibet pn7 able w¢h'n I of ­- the land ne, or otI La a ... e.th", . 'vinG `,,te— n oc °.._ the m...__ evert v, mw�.- , _. .It i^ foredpsvr insured the Patent alter ode, by l ig- c the lien °f b) in the- udsdICIO, ,aped mart @aR5• ed nx assume take, 0 T Ths it Age£ vied the ns ovetn is tat 'Raney hettcsi+6 Lhf ctEPt ^l 5uahcnudto; Goo Ph� licln ofb lh Y uoWntnnlY admrtC and a men to �artPn fa or J`'tate e[diaee[tedMSS TOW eime after nation by {itle I t Sac CIO, Y' Y o[ gufrantez aunt Jf +insur9 q�be C+ attd therta °td'madpvacaRraPh 3e oc wcitte c it) JONCOF LIABIUTYCOSts, aitocn�' evexesirathe I An of the es the ndela heceu'if final vb R qroshe n d sio, -ul Pr' TERMINP71 meet made foc mvrde nshed bean undI the q isitienbich the Com4anY m intecest 'be t, bB aW'DUCe N OndeNEURPmo`t oeYChe hey �vsrrCea Meng PestaI, oc 'alemet3"1, Pat 'ense5 rm pUCt1O this m 4 tbt a sa,d p not trCe4t to :IV' `icof date in lls - badness III I f tored,,io ta4enses ° t and seN`td CY All P pmelt d�e expenses, sha heFeo(, r"b eiF iateresl n all °flthe msuced srth estate a[ owner tit P "IIIe aed¢tss stcthed, aviation sIand To'?" o lAta++Y `' I toned.d by sot+ uc Pat t° t (ondSw^ der as btedness ts. P j °` het hetewr rode ol. such teen . h �aScnPh Yhetfnsuca¢ce a &o shed amount o4 the r rot se of the all Vin. I,, ben acgttisition °f cptalII U g nNe o4 instcvm. such estate vided , 'he am P 1 p e ^cY In a,q Ae. an °i tart z th vec'tmentalelfaanant• the xttntns I TA p Dune h bat sv E of R aca IT E mottgaRe. { l tP roents re satisfacu° into[- ° � aY C`nn or voi he aCOmpanY � urov did in aca LP by Any batty tit e e exce t he insuczd - onttact OF IITL Y S 4 is in >uta ^ <C VEYA of Policy, +n hrvownh a n PaYmee`tehelt term'bnatthe is u ed roe � as t° �n4 ICE AF as of the 1 tit 3uc I Hess µ[ante tin ha 1`be ree... aw +b A IT TER CON and, I. mortgIl se<urtd de[ d Y rbnve rate or 'ntec�Y a PucivenA Is of war Idea, latent, N LA14 a amoa ct of I tIIA Ile. s KlotRC abe e or th ^ in CUMU th d by (Al y p ro t soveced Y je Ins an art iAge g[yen tan o4 co intcrc5tx P1 °v such tplolY NO ndentood intecest [ IIcY Ins-[ estate at is a chacK so Paid nneY n` abddYb res t5tate °t 'set foam a 9. L,s tes"I the estate eY nder AO) on Ih insvC which the mount ruin to Ii Nave 1+ Ance of such f anY ppucch vmhase man Y It ' leXa'+ne` o aY map 4 ybich is lien as , As and a th oc t °MeY.¢ n J".T sgcvted by a P insole, LU.e COMP IeB be hgxea1, executed On I', gchdule shall hasveaw ouldPI" Pand I'Tte 'mule in loco guess GIVEN am d to + SG tuo"AW I ind<btt LA1M TO BE ferte a tt +be OF G .de Eot the po1+cY. he lent and oc nrtRA,, any o.1', �estt Duet A' this atednns lest ox °tn @1 btetest ti th a c nnsuCedb TICE prav+ td estate aym h inn the -sure that Policy I the hat e Late oc OF PGTIONS –N du<delav, sh nlvolvts an s11e8 sb N Ue deeme ptneat of anYdsow ^e` E aYtnent unde;Y to an snPitle to said es uC l+t Batton case i anY a LYhea P to the .11 ie deemeh 9 P all nht ?PP [quite Inc III d a itho on In ITT a nR 4th sip ` � in an n- d nUP oun4 > c P t th s P ulses I In, �< k to A t 6 mr[z e aId ntaRCaP s su an thereat. cy 11 [ ght he ` thA" Imarvde om' le seetos '`ll time V, the esInstitle t eTn A ovsa ;s(a tiCmdof �iid `YM6 red ORSEETTLEMd Cl -an nla �r tt lest GCUCed inr less - CpcnP knu a e Au?e by NY W ele -.1 se h interest In UPON FA have Paid idled by a` y d mar . d Jr he nrC nUrest w a'yhniue d, a ^dth s1P °li rep t. +s `C Itctf -d I T1ON shell _ any n'e, d by 'he m at ex<en from t ABc, vtnue 0 t As Inso anY then as the 10. SUBROG he Cuml'est in the t„omeF4ness s-turet u[ R 'cant estate Ct mere debtedne5s. 3 bz_linble bed moft6aBa the Come, rtRard to that dY+hen -ban shall nl the ndeb of any debetE to 'd t secuntY foc tha =lain of title al-le n , �„btoSa ...wale[ t b111tY s P ,t,reta7 re of any I¢n °E chi -lion. to LLre g the inrvred not –..ono _ Y. _ obcY P no" .1 t),, n such attttion, the nam8 Lion to sn hall not "O"'toed to IT If An two of Ftoceed +tale defense at is a�ppp such ins ' such'etdaimaat be reeled the A. 'nstcvmcnts. `E"Vol i t tit P +omPanY to pile Can P (U in anY rt insured h ch shs0 e ht of suderogation Y nd alter een the 'n A pecue he b ab w� messes, rn t t v' tit of C` TNIS ICdocsem d betty 3 R -and t Czquesteit Season le Std ing h �� urde the F POL ems ct -never all obtain h < alerT't D TO ll en an [ante' d wpiQ+ a� Cot Pant t - 'Ravi, A evldancen oth thect w I t tmP LIABILITY LIMIO 'be zn ith the entice PoI+L)• tipgl� icaie,fntn the esttc anY title. to to based an f the tablishdvdinR but nJ 11 Tb s 'es�to by °the . °mP is et at not ape ot, ° 1hall be ,Ite�ned F seal 1en�cee - an 'n, in 'herb movtR en daub In es action or P­ c dts6 as sated, cached h anY. A'CoW' the msuced . uch 1I OM. wtiun ray be "Cured mong g and the Comp e4 Inss ° lien J( assert'ng s li<Y except Y CSoden of a ts. Any CI' It's of he n the datum n ACTION Conditions at t The or ants a m at -then 0 heI tit. 11µ ,, "s ^f It's ". e - e t tov meat of s and eat m ryas PC thenP` sip . ? V a =aRnatatt t F E these. led da[m ant d offs t horrztd men ' �LIMlndIs P ,, ' sv[ocb to Yn red CIj'man of loss nn"Innsvand cond'noi tndotsem d 6Y ttag leer a tit , . OE sP b aigne 3, u tied and c the Such }+roof All, P ymevd ttached betel' —nr valldanng (.r end° of suzb [egdamapei sib oU days aEte gamaRe. rho nr1e. °t ,,he' and. No hereon oC a t 5ecrttazy. that Pn1icY ` roof tMn such loss of ace oa ma @e. darted An Ass stA^ wi halt Prad,cCo`g n o.f b casAnY Any ¢LSP @` "�ntani then of - ^lh� T,,o of Iola» aadameRCm. Secteta nY. Ue made nst or destroyed• of the Come tint of such t,", It th of Came meat shall bey Ue l he saUSEaction to w.ntiRe ,at It - -hl,I, at+ich c ngttbe tAmais su((tGmnt matnten reW to hmcatponlessIthb ([coshed tot n9 and any boo M ntgem¢ri Sn tiara state fa. Ito! I Y Clion she NT Comga a T dbsuted c III mtAn xeasons6 Y ¢ale;. wof PAY WNERE SEMI Riven Ch be addressed to i1 Lf be a(otmation as akec such P IY.AlNOTt Ce S.re4 °hee<omp -0) shall EM IRE CNA GE FOR A sited ctaimAnt unai! 3U AA liabilltY of the to be 1umishej Dint' 9All1. NEDULE %` 1MLEE All tefmir Ate any Pranclsco, Ca E SPECIFIEON0 W LE INSUAA .1 6AM-9c e. 13. T"ECNAAµ1NPt10F1 A ss Jt do mpg O e 10 TITLE EX SETTLE CLAIMS AN settle for &&ivy and obhga' Mess T ay oc ot` recminate all liah aRalnstl, o[