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D127TO 77 CA 19.1 (0-74) TITLE INSURANCE AND TRUST 433 South Spring Street Los Angeles, California 90013 213 626 CITY OF EL SEGUNDO 'City Clerk '350 Main Street -E1 Segundo, California 90245 ATTENTION: Arthur E. Jones, City Manager We are sending you the items checked below: ED���o.� 41 DEC 2 7 1974 ftp 0 Segundo Our No. 73 65 293 DKM:kl RE: Your closed escrow with foxoNix WILL OF IRA E. ESCOBAR, DECEASED" ❑ Copy of covenants, conditions and restrictions ordered by you. ❑ Escrow Instructions dated ❑ Preliminary Title Report dated as of Date December 26, 1974 ❑ Plat to be used with the order number shown above. Original CLTA )Up Policy of Title Insurance per your instructions., 155, 000. 00 in duplicate. n x7F�t4iR�1tRK�' xx '�`f DAVID K. MAC LAGAN * ESCROW OFFICER ATICOR COMPANY V� TITLE INSURANCE AND TRUST AMCOR COMPANY Policy of Title Insurance SUBJECT TO SCHEDULE B AND THE CONDITIONS AND STIPULATIONS HEREOF, TITLE INSURANCE AND TRUST 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 invali- dity, 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 Schedule 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. Title Insurance and Trust Company n by l 2 &66 `I / President Attest 07 Secretary TO 1012 CA 19 (12 -73) California Land Title Association Standard Coverage Policy -1973 122374 1357481 K � 28 � TITLE INSURANCE AND TRUST COMPANY SCHEDULE A PREMIUM $545^88 AMOUNT $051888'88 EFFECTIVE DATE: DECEMBER 28/ 1974 AT 8:88 A.M. POLICY NUMBER ; 7359852 1. NAME OF INSURED: CITY OF EL %ECUNDO/ A MUNICIPAL CORPORATION, 2. THE ESTATE OR INTEREST REFERRED TO HEREIN IS AT DATE OF POLICY VESTED IN: CITY OF EL %ECUNDO/ A MUNICIPAL CORPORATION. 3. THE ESTATE OR INTEREST IN THE LAND DESCRIBED OR REFERRED TO IN SCHEDULE C COVERED BY THIS POLICY IS A FEE` 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 ONE ALL MATTERS SET FORTH IN PARAGRAPHS NUMBERED i TO 9 INCLUSIVE ON THE INSIDE COVER SHEET OF THIS POLICY UNDER THE HEADING SCHEDULE B PART ONE^ PART TWO i^ GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR THE FISCAL YEAR i974-i975 SECOND INSTALLMENT: $393'88 2^ COVENANT%/ CONDITIONS AND RESTRICTIONS IN THE DEED EXECUTED BY LOX ANGELES TRUST & SAVINGS BANK RECORDED IN BOOK 5833 PACE 65 OF DEEDS RE%TRICTION%/ IF ANY/ BASED ON RACE/ COLOR/ RELIGION OR NATIONAL ORIGIN ARE DELETED, SAID MATTER AFFECTS: LOT 43 BLOCK 42 OF TRACT i826. 7359852 PAGE 01 i22374 1357481 K ' ^ TITLE INSURANCE AND TRUST COMPANY 3^ COVENANT%/ CONDITIONS AND RESTRICTIONS IN THE DEED 28 ~ EXECUTED BY LOS ANGELES TRUST THE PORTION OF AND SAVINGS BANK STATED HEREIN/ AND RECORDED IN BOOK 6137 PACE 284 OF DEED%/ AS TO LOT 22 OF PARCEL i AND LOT 22 OF PARCEL i AND LOT 23 OF PARCEL 2/ IN BOOK 5543 PACE 148 OF DEEDS/ AN TO LOT 28 OF PARCEL i/ AND IN BOOK 6161 PACE 236 OF DEEDS, AS TO LOT 21 OF PARCEL 1. THE VACATED PUBLIC ALLEY RE%TRICTION%/ IF ANY/ BASED ON RACE/ COLOR/ RELIGION OR NATIONAL ORIGIN ARE DELETED^ 4. AN EASEMENT AFFECTING THE PORTION OF SAID LAND AND FOR THE PURPOSES STATED HEREIN/ AND INCIDENTAL PURPO%E%/ IN FAVOR OF CITY OF EL %ECUNDO FOR LINES OF PIPE/ CONDUITS/ CABLE%/ WIRE%/ POLES AND OTHER CONVENIENT STRUCTURES RECORDED IN BOOK 37138 PACE 230 OFFICIAL RECORDS AFFECTS THE VACATED PUBLIC ALLEY 5. AN EASEMENT AFFECTING THE PORTION OF SAID LAND AND FOR THE PURPOSES STATED HEREIN/ AND INCIDENTAL PURPO%E%/ IN FAVOR OF THE PACIFIC TELEPHONE AND TELEGRAPH COMPANY, A CORPORATION FOR POLE LINES AND CONDUITS RECORDED SEPTEMBER 21/ 1951 IN BOOK 37258 PACE 232/ OFFICIAL RECORDS AFFECTS THE EASTERLY 5 FEET OF THAT ALLEY MENTIONED IN PARCEL 2^ 7359852 PACE 02 , 14,5,4 i357481 ` ^ TITLE INSURANCE AND TRUST COMPANY SCHEDULE C THE LAND REFERRED TO IN THIS POLICY IS SITUATED IN THE COUNTY OF LOS ANGELES/ STATE OF CALIFORNIA/ AND IS DESCRIBED AS FOLLOWS: PARCEL k ^ 28 ~ LOT 28/ 2i AND 22 IN BLOCK 42 OF EL %ECUNDO/ IN THE CITY OF EL %ECUNDO/ IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 28 PAGES 22 AND 23 OF MAPS/ IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY' PARCEL 2: LOT 43 AND 23 IN BLOCK 42 OF TRACT NO. 026 IN THE CITY OF EL %ECUNDO/ IN THE COUNTY OF LOS ANGELES/ STATE OF CALIFORNIA/ AS PER MAP RECORDED IN BOOK 21 PACE 93 OF MAP%/ IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY/ AND THAT PORTION OF THAT CERTAIN ALLEY/ 28 FEET WIDE/ AS SHOWN ON THE MAP OF SAID TRACT NO. 1826/ VACATED BY RESOLUTION NO' ii83 OF SAID CITT/ A CERTIFIED COPY OF WHICH WAS RECORDED SEPTEMBER ii/ 1951/ AS INSTRUMENT NO. 1091 IN BOOK 37i78 PACE 238/ OFFICIAL RECORDS OF SAID COUNTY/ LYING BETWEEN THE WESTERLY PROLONGATION OF THE NORTHERLY LINE OF LOT 43 OF SAID BLOCK 42 AND THE NORTHERLY LINE OF GRAND AVENUE/ SAID NORTHERLY LINE BEING ALSO THE WESTERLY CONTINUATION OF THE CURVED SOUTHERLY LINE OF SAID LOT 43/ HAVING A RADIUS OF 751`82 FEET. 7359852 PACE 03 r01111 C1 17-741 INOOIIf1M[N110.. 10 N ADDITIONAL PROTECTION INDORSEMENT FOR HOME OWNERS ATTACHED TO POLICY NO. 7359052 ISSUED BY Title Insurance and Trust Company t r 1. This Indorsement shall be effective only if at Date of Policy there is located on the land described in said Policy a one -to -four family residential structure, in which the Insured Owner resides or intends to reside. For the purpose of this Indorsement the term "residential struc- ture" is defined as including the principal dwelling structure located on said land and all improvements thereon related to residential use of the property, except plantings of any nature and except perimeter fences and perimeter walls. 2. The Company hereby insures the Insured Owner of the estate or interest described in Schedule A against loss or damage which the Insured Owner shall sustain by reason of: a. the existence at Date of Policy of any of the following matters: ( I ) lack of a right of access from said land to a public street; (2) any taxes or assessments levied by a public authority against the estate or interest insured which constitute liens thereon and are not shown as exceptions in Schedule B of said Policy; (3) any unrecorded statutory liens for labor or material attaching to said estate or interest arising out of any work of improvement on said land in progress or completed at Date of Policy, except a work of improvement for which said Insured Owner has agreed to be responsible; b. the enforced removal of said residential structure or interference with the use thereof for ordinary residential purposes based upon the existence at Date of Policy of: ( I ) any encroachment of said residential structure or any part thereof onto adjoining lands, or onto any casement shown as an exception in Part 11 of Schedule B of said Policy, or onto any unrecorded subsurface easement; (2) any violation of any enforceable covenants, conditions or restrictions affecting said land and shown in Part 11 of Schedule B; (3 ) any violation of applicable zoning ordinances, but this Indorsement does not insure compliance with, nor is it in any way concerned with, building codes or other exer- cise of governmental police power; c. damage to said residential structure resulting from the exercise of any right to use the surface of said land for the extraction or development of minerals, if minerals are excepted from the description of said land or shown as an exception or reservation in Schedule B. The total liability of the Company under said Policy and all indorsements attached thereto shall not exceed, in the aggregate, the amount of said Policy and costs which the Company is obli- gated under the conditions and stipulations thereof to pay; and nothing contained herein shall be construed as extending or changing the effective date of said Policy. 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. Title Insurance and Trust Company By i/ � J 906, Secretary � PINE AVE 50 6V 140 W lo /QO O 66 .4 N 60 h I J HOL L Y o /40 o N 36/ / 3: h I c 5 5O N /Y N 0 ° 60 GRAND AVE ° h h AVVE. O N / 140 N $ 29 ' 6 2 27 7 ' Q 26 Ott [ . 25 ` B 9 2 7 Q ' 23 22 20 39 S I c 5 5O N /Y N 0 ° 60 GRAND AVE ° h h AVVE. N / 140 N p N 42 140 N 3 0 39 S 3 7 7 0 • 36 = Q 8 0 = 35 C4 9 == 3 3 /a 33 O 2 5 e= 2d h /6 27 26 119 4 25 19 N Z4 H go 20 rte" 22 ry aut 80 28 A� a I�- m GRAN EL - SEGUNDO Q'LOCKS 42 ro 44 c 57ro 59 M. B. 2Q • 22.f 23 This is not a survey of the lend, boa is cumpJetl for information only, not is it a part of the report Or poI1CY to WhiCh it May be atlached. ( Conditiorys Vd Stipulations Continued and Concluded From Reverse Side of Policy Facet tinue in force in favor of any purchaser from such insured Of either said estate or interest or the indebtedness secured by a purchase money mortgage given to such insured. 3. Defense and Prosecution of Actions — Notice of Claim to be Divan by an Insured Claimant (a.) The Company, at its own cost and without undue delay, shall Provide for the defense of an insured in litigation to the extent that such litigation involves an alleged detect, lien, encumbrance or other matter insured against by this policy. (b.) The insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in (a) above, (ii) in case knowledge shall come to an insured hereunder of any claim of title or interest Mich is adverse to the title to the estate or interest or the lien of the insured mortgage, as insured, and which might cause loss or damage for which the COmpanY may be liable by virtue of this policy, or (iii) if title to the estate or interest or the lien of the in- sured mortgage, as insured, is rejected as unmarketable. If such Prompt notice shall not be given to the Company, then as to such insured all liability of the Company shall cease and terminate in re- gard to the matter or matters for which such prompt notice is re- quired; provided, however, that failure to notify shall in no case pre- judice the rights of any such insured under this policy unless the Company shall be prejudiced by such failure and then only to the extent of such prejudice. C.) The Company shall have the right at its own cost to institute and without undue delay prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest or the lien of the m- sured mortgage, as insured; and the Company may take any appro- priate action, whether or not it shall be liable under the terms of this policy, and shall not thereby concede liability or waive any pro- vision of this policy. (d.l Whenever the Company shall have brought any action or inter- posed a defense as required or permitted by the provisions of this Policy, the Company may pursue any such litigation to final deter. urination by a court of competent jurisdiction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. le.) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the insured hereunder shall secure to the Company the right to so Prosecute or provide defense in such action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of such insured for such purpose. Whenever requested by the Company, such insured shall give the Company, at the Company's expense, all reasonable aid (7) in any such action or proceeding in effecting settlement, securing evidence, obtaining witnesses, or pro- secuting or defending such action or proceeding, and (2) in any other act which in the opinion of the Company may be necessary or desirable to establish the title to the estate or interest or the lien of the insured mortgage, as insured, including but not limited to exe- cuting corrective or other documents, 4. Proof of Loss or Damage — Limitation of Action In addition to the notices required under Paragraph 3(b) of th ese Conditions and Stipulations, a proof of loss or damage, signed and sworn to by the insured claimant shall be furnished to the Company within 90 days after the insured claimant shall ascertain or deter- mine the facts giving rise to such loss or damage. Such proof of loss or damage shall describe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy which consti- tutes the basis of loss or damage, and, when appropriate, state the basis of calculating the amount of such loss or damage. Should such Proof of loss or damage fail to state facts sufficient to enable the Company to determine its liability hereunder, insured claimant, at the written request of Company, shall furnish such additional information as may reasonably be necessary to make such determination, No right of action shall accrue to insured claimant until 30 days after such proof of loss or damage shall have been furnished. Failure to furnish such proof of loss or damage shall terminate any liability of the Company under this policy as to such loss or damage. 5. Options to Pay or Otherwise Settle Claims and Options to Pur- chase Indebtedness The Company shall have the option to pay or otherwise settle for or in the name of an insured claimant any claim insured against, or to terminate all liability and obligations of the Company hereunder by paying or tendering payment of the amount of insurance under this Policy together with any costs, attorneys' fees and expenses incurred up to the time of such payment or tender of payment by the insured claimant and authorized by the Company. In case loss or damage is claimed under this policy by the owner of the indebted- ness secured by the insured mortgage, the Company shall have the further option to Purchase such indebtedness for the amount owing thereon together with all costs, attorneys' fees and expenses which the Company is obligated hereunder to pay, If the Company offers to purchase said indebtedness as herein provided, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage and any collateral securing the same to the Company upon Payment therefor as herein provided. Upon such offer being made by the Company, all liability and obligations of the Company here- under to the owner of the indebtedness secured by said insured mortgage other than the obligation to purchase said indebtedness Pursuant to this paragraph, are terminated. 6. Determination and Payment of Loss (a.) The liability of the Company under this policy shall in no case exceed the least of: (it the actual loss of the insured claimant; or (ii) the amount of insurance stated in Schedule A, or, if applicable, the amount of insurance as defined in paragraph 2(a) hereof; or (iii) if this policy insures the owner of the indebtedness secured by the insured mortgage, and provided said owner is the insured claim- ant, the amount of the unpaid principal of said indebtedness, plus interest thereon, provided such amount shall not include any add- itional principal indebtedness created subsequent to Date of Policy, except as to amounts advanced to protect the lien of the insured mortgage and secured thereby, (b.) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon an insured in litigation carried on by the Company for such insured, and all costs, attorneys' fees and expenses in litigation carried on by such insured with the writ- ten authorization of the Company, C.) When the amount of loss or damage has been definitely fixed in accordance with the conditions of this policy, the loss or damage shall be payable within 30 days thereafter. 7. Limitation of Liability No claim shall arise or be maintainable under this policy (a) if the Company, after having received notice of an alleged defect, lien or encumbrance insured against hereunder, by litigation or otherwise, removes such defect, lien or encumbrance or establishes the title, or the lien of the insured mortgage, as insured, within a reasonable time after receipt of such notice; (b) in the event of litigation until there has been a final determination by a court of competent juris- diction, and disposition of all appeals therefrom, adverse to the title or to the lien of the insured mortgage, as insured, as provided in paragraph 3 hereof; or (c) for liability voluntarily admitted or assumed by an insured without prior written consent of the Com- pany. S. Reduction of Insurance; Termination of Liability All payments under this policy, except payment made for costs, attorneys' fees and expenses, shall reduce the amount of the insur- ance pro tanto; provided, however, if the owner of the indebtedness secured by the insured mortgage is an insured hereunder, then such Payments, prior to the acquisition of title to said estate or interest as provided in paragraph 2(a) of these Conditions and Stipulations, shall not reduce pro tanto the amount of the insurance afforded hereunder as to any such insured, except to the extent that such Payments reduce the amount of the indebtedness secured by such mortgage, Payment in full by any person or voluntary satisfaction or release of the insured mortgage shall terminate all liability of the Company to an insured owner of the indebtedness secured by the insured mort- gage, except as provided in paragraph 2(a) hereof. 9- Liability Noncumulative It is expressly understood that the amount of insurance under this Policy as to the insured owner of the estate or interest covered by this policy, shall be reduced by any amount the Company may pay under any policy insuring (a) a mortgage shown or referred to in Schedule B hereof which is a lien on the estate or interest covered by this policy, or (b) a mortgage hereafter executed by an insured which is a charge or lien on the estate or interest described or refer- red to in Schedule A, and the amount so paid shall be deemed a pay- ment under this policy. The Company shall have the option to apply to the payment of any such mortgage any amount that otherwise would be payable hereunder to the insured owner of the estate or interest covered by this Policy and the amount so paid shall be deemed a payment under this policy to said insured owner. The provisions of this paragraph 9 shall not apply to an owner of the indebtedness secured by the insured mortgage, unless such in- sured acquires title TO said estate or interest in satisfaction of said indebtedness or any part thereof. 10, Subrogation Upon Payment or Settlement Whenever the Company shall have paid or settled a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant, except that the owner of the indebtedness secured by the insured mortgage may release or sub- stitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or release a portion of the estate or interest from the lien of the insured mortgage, or re- lease any collateral security for the indebtedness, provided such act occurs prior to receipt by such insured of notice of any claim of title or interest adverse to the title to the estate or interest Or the priority of the lien of the insured mortgage and does not result in any loss of priority of the lien of the insured mortgage, The Com- pany shall be subrogated to and be entitled to all rights and re- medies which such insured claimant would have had against any per. son or property in respect to such claim had this policy not been issued, and the Company is hereby authorized and empowered to sue, compromise or settle in its name or in the name of the insured to the full extent of the loss sustained by the Company. If requested by the Company, the insured shall execute any and all documents to evidence the within subrogation. If the payment does not cover the loss of such insured claimant, the Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss, but such subrogation shall be in subordination to an insured mortgage. If loss should result from any act of such insured claimant, such act shall not void this policy, but the Company, in that event, shall as to such insured claimant be required to pay only that Part of any losses insured against here- under which shall exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. 11. Liability Limited to this Policy This instrument together with all endorsements and other instru- ments, if any, attached hereto by the Company is the entire policy and contract between the insured and the Company. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the lien of the insured mortgage or of the title to the estate or interest covered hereby, or any action asserting such claim, shall be restricted to the provisions and Conditi Stipulations of this policy. ons and No amendment of or endorsement to this policy can be made et endorsed the hereto sise either the Presidenta Vice President, Sec e ay an Signed Secretary, or validating officer or authori,ed signatory of the Com- pany. No payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. 12. Notices, Where Sent All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at the office which issued this policy or to its Home Office, 433 South Spring Street, P.O. Box 2586, Los Angeles, California 90051. 13. The Premium Specified in Schedule A is the Entire Charge for Title Search, Title Examination and Title Insurance. TITLE INSURANCE ANCITRUST /�� �Q ATICOR COMPANY Policy V� TN�i'hSUrGnVe SUBJECT TO SCHEDULE 6 AND THE CONDITIONS AND STIPULATIONS HEREOF, TITLE INSURANCE AND TRUST 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; S. Invalidity of the lien of the insured mortgage upon said estate or interest except to the extent that such invali- dity, or claim thereof, arises out of the transaction evidenced by the insured mortgage and is based upon a. usury, or h. ' 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 Schedule 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. Title Insurance and Too Cp"ny by rPt;esident Copy of Policy } No additionafliablli assflM ad TO 1012 -T CA 19 (12 -73) California Land Title Association Standard Coverage Policy -1973 l 122374 1357481 K 1 28 TITLE INSURANCE AND TRUST COMPANY SCHEDULE A PREMIUM $545.00 AMOUNT $1551000.00 EFFECTIVE DATE: DECEMBER 201 1974 AT 8:00 A.M. POLICY NUMBER.: 7:359052 1. NAME OF INSURED: CITY OF EL SEGUNDOr A MUNICIPAL CORPORATION. 2. THE ESTATE OR INTEREST REFERRED TO HEREIN IS AT DATE OF POLICY VESTED IN: CITY OF EL SEGUNDOP A MUNICIPAL_ CORPORATION, 3. THE ESTATE OR INTEREST IN THE LANs) DESCRIBED OR REFERRED 'TO IN SCHEDULE C COVERED BY THIS POLICY IS A FEE, SCHEDULE B 'THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMAGE/ NOR AGAINST COSTS) ATTORNEYS' FEES OR EXPENSESe ANY OR ALL OF WHICH ARISE BY REASON OF THE FOLLOWING: PART ONE ALL MATTERS SET FORTH IN PARAGRAPHS NUMBERED 1 TO 9 INCLUSIVE ON THE INSIDE COVER SHEET OF THIS POLICY UNDER THE HEADING SCHEDULE B PART ONE. PART 'TWO 1. GENERAL AND SPECIAL COUNTY AND CITY TAXES FOR 'THE: FISCAL YEAR 1974 --1975 SECOND INSTALLMENT: $393.08 2. COVENANTSi CONDITIONS AND RESTRICTIONS IN THE DEED EXECUTED BY LOS ANGELES TRUST & SAVINGS BANK RECORDED IN BOOK 5833 PAGE 65 OF DEEDS RES'TRIC:TIONS) IF' ANY, BASED ON RACE. COLOR, RELIGION OR NATIONAL ORIGIN ARE DELETED. SAID MATTER AFFECTS: LOT 43 BLOCK 42 OF 'TRACT' 1826. 7359052 PAGE 01 1 ?2374 1357481 K TITLE INSURANCE AND TRUST COMPANY •26 3, COVENANTSi CONDITIONS AND RESTRICTIONS IN THE DEED EXECUTED BY LOS ANGELES TRUST AND SAVINGS BANK RECORDED IN BOOK 6137 PAGE 264 OF DEEDS, AS TO LOT 22 OF PARCEL 1 AND LOT 22 OF PARCEL 1 AND LOT 23 OF PARCEL 2; IN BOOK 5543 PAGE 140 OF DEEDS, AS TO LOT 20 OF PARCEL 1; AND IN BOOK 5161 PACE 236 OF DEEDSI AS TO LOT 21 OF PARCEL 1. RESTRICTIONS, IF ANY, BASED ON RACE, COLOR; RELIGION OR NATIONAL ORIGIN ARE DELETED, 4, AN PURPOSES IN FAVOR FOR RECORDED AFFECTS 5. AN PURPOSE'S IN FAVOR FOR RECORDED AFFECTS EASEMENT AFFECTING THE PORTION OF SAID STATED HEREIN/ AND INCIDENTAL_ PURPOSESI OF CITY OF EL SEGUNDO LINES OF PIPE, CONDUITS, CABLES, CONVENIENT STRUCTURES IN BOOK 37130 PAGE 2361 OFFICIAL THE VACATED PUBLIC ALLEY L..AND AND FOR THE WIRES, POLES AND OTHER RECORDS EASEMENT AFFECTING THE PORTION OF SAID LAND AND FOR THE STATED HEREINI AND INCIDENTAL PURPOSE:S1 OF THE PACIFIC: TELEPHONE AND TELEGRAPH COMPANY/ A CORPORATION POLE LINES AND CONDUITS SEPTEMBER 210 1931 IN BOOK 37258 PAGE 2321 OFFICIAL RECORDS THE EASTERLY `S FEET OF THAT' ALLEY MENTIONED IN PARCEL 2. 7359052 PAGE. 02 122374 1357481 K TITLE INSURANCE AND TRUST COMPANY SCHEDULE C: THE LAND REFERRED TO IN THIS POLICY IS SITUATED IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: PARCEL i : RNWV LOT 20, 21 AND 22 IN BLOCK 42 OF EL SEGUNDO, IN THE CITY OF EL SEGUNDO, IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 20 PAGES 22 AND 23 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL 2 LOT 43 AND 23 IN BLOCK 42 OF TRACT NO. 1626 IN THE CITY OF EL.. SEGUNDO, IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 21 PAGE 93 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, AND THAT PORTION OF THAT CERTAIN ALLEY, 20 FEET WIDE, AS SHOWN ON THE MAP OF SAID TRACT NO, 18261 VACATED BY RESOLUTION NO. 1183 OF SAID CITT, A CERTIFIED COPY OF WHICH WAS RECORDED SEPTEMBER 111 1951, AS INSTRUMENT NO. 1719, IN BOOK 3070 PAGE: 238, OFFICIAL RECORDS OF SAID COUN'T'Y, LYING BETWEEN THE WESTERLY PROLONGATION OF THE NORTHERLY LINE OF LOT 43 OF SAID BLOCK 42 AND THE NORTHERLY LINE OF GRAND AVENUE, SAID NORTHERLY LINE BEING. ALSO THE WESTERLY CONTINUATION OF THE CURVED SOUTHERLY LINE OF SAID LOT 431 HAVING A RADIUS OF 754..02 FEET. 7359052 PAGE 03 TO 1011 cw IS T<1 INDORSEMENT FORM 40 H ADDITIONAL PROTECTION INDORSEMENT FOR HOME OWNERS ATTACHED TO POLICY NO. ISSUED BY Title Insurance and Trust Company 1. This Indorsement shall be effective only if at Date of Policy there is located on the land described in said Policy a one -to -four family residential structure, in which the Insured Owner resides or intends to reside. For the purpose of this Indorsement the term "residential struc- ture" is defined as including the principal dwelling structure located on said land and all improvements thereon related to residential use of the property, except plantings of any nature and except perimeter fences and perimeter walls. 1 The Company hereby insures the Insured Owner of the estate or interest described in Schedule A against loss or damage which the Insured Owner shall sustain by reason of: a. the existence at Date of Policy of any of the following matters: (1) lack of a right of access from said land to a public street; (2) any taxes or assessments levied by a public authority against the estate or interest insured which constitute liens thereon and are not shown as exceptions in Schedule B of said Policy; (3) any unrecorded statutory liens for labor or material attaching to said estate or interest arising out of any work of improvement on said land in progress or completed at Date of Policy, except a work of improvement for which said Insured Owner has agreed to be responsible; b. the enforced removal of said residential structure or interference with the use thereof for ordinary residential purposes based upon the existence at Date of Policy of: (1) any encroachment of said residential structure or any part thereof onto adjoining Iands, or onto any easement shown as an exception in Part II of Schedule B of said Policy, or onto any unrecorded subsurface easement; (2) any violation of any enforceable covenants, conditions or restrictions affecting said land and shown in Part 11 of Schedule B; (3) any violation of applicable zoning ordinances, but this Indorsement does not insure compliance with, nor is it in any way concerned with, building codes or other exer- cise of governmental police power; c. damage to said residential structure resulting from the exercise of any right to use the surface of said land for the extraction or development of minerals, if minerals are excepted from the description of said land or shown as an exception or reservation in Schedule B. The total liability of the Company under said Policy and all indorsements attached thereto shall not exceed, in the aggregate, the amount of said Policy and costs which the Company is obli- gated under the conditions and stipulations thereof to pay; and nothing contained herein shall be construed as extending or changing the effective date of said Policy. 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. Title Insurance and Trust Company By 4 441 To vsre cA (1-1A 1 INOORSEMENT FORM AI 1 OWNER'S INFLATION PROTECTION INDORSEMENT ATTACHED TO POLICY NO. ISSUED BY Title Insurance and Trust Company The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional monetary protection to the Insured Owner named in said Policy, hereby modifies said Policy, as follows: 1. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual upward adjustments in the manner and to the extent hereinafter specified. 2. "Adjustment Date" is defined, for the purpose of this Indorsement, to be 12:01 a.m. on the first January 1 which occurs more than six months after the Date of Policy, as shown in Schedule A of the Policy to which this Indorsement is attached, and on each succeeding January 1. An upward adjustment will be made on each of the Adjustment Dates, as defined above, by increasing the maximum amount of insurance provided by said Policy (as said amount may have been increased theretofore under the terms of this Indorsement) by the same percentage, if any, by which the United States Department of Commerce Composite Construction Cost Index (base period 1967) for the month of September immediately preceding exceeds such Index for the month of September one year earlier; provided, however, that the maximum amount of insurance in force shall never exceed 150% of the amount of insurance stated in Schedule A of said Policy, less the amount of any claim paid under said Policy which, under the terms of the Conditions and Stipulations, reduces the amount of insurance in force. There shall be no annual adjustment in the amount of insurance for years in which there is no increase in said Construction Cost Index. In the settlement of any claim against the Company under said Policy, the amount of insurance in force shall be deemed to be the amount which is in force as of the date on which the insured claimant first learned of the assertion or possible assertion of such claim, or as of the date of receipt by the Company of the first notice of such claim, whichever shall first occur. Nothing herein contained shall be construed as extending or changing the effective date of said Policy. 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. Title Insurance and Trust Company By 4 � 441 Secretary NOTE: In connection with a future application for title insurance covering said land, reissue credit on premium charges (if applicable at all) will be allowed only upon the original face amount of insurance as stated in Schedule A of said Policy. I L- I i 50 h 140 kb 652 29 / 0 N 60 h JI 4 ti O V • 39 y q H 3 HOL L Y /140 h to N 36 �. 3: Z d 3: 3: It 2: 2: • 3 5 5 r Q= Zi 2r 2s 7 =m= 9 to It /7 QQ' 35 �J 0 ` 0 6o GRAND AVE. __J L--_l L AVE 50 H 6o r h AVE h EL . SFGUNDO f,J'LOCKS 42-ro44 c 57ro59 M.B. 2D, P9s 22e 23 This is not a survey of the land, bw , comp0ad for inlorma[ion only nor is it a part of the report or policy to which it may be attached. • 39 5 = }= 2 7 =m= 36 8 QQ' 35 +' 3 31 / v 2 Q J /6 27 ! 26 25 /9 Z Z N ti g0 Zo 4 4 22 n 20 Brx44 C J Av 80 o GPAND R +� ?� ay� �D EL . SFGUNDO f,J'LOCKS 42-ro44 c 57ro59 M.B. 2D, P9s 22e 23 This is not a survey of the land, bw , comp0ad for inlorma[ion only nor is it a part of the report or policy to which it may be attached. ICondh:icnsond Stipulations Continued and Concluded From Reverse Side of Policy Face) time in force in favor of any purchaser from such insured of either said estate or interest or the indebtedness secured by a purchase money mortgage given to such insured. 3. Defense and Prosecution of Actions — Notice of Claim to be Given by an Insured Claimant (a.) The Company, at its own cost and without undue delay, shall provide for the defense of an insured in litigation to the extent that such litigation involves an alleged defect, lien, encumbrance or other matter insured against by this policy. (b.) The insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in (a) above, 00 in case knowledge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest or the lien of the insured mortgage, as insured, and which might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if title to the estate or interest or the lien of the in- sured mortgage, as insured, is rejected as unmarketable. If such prompt notice shall not be given to the Company, then as to such insured all liability of the Company shall cease and terminate in re- gard to the matter or matters for which such prompt notice is re- quired;.provided, however, that failure to notify shall in no case pre- judice the rights of any such insured under this policy unless the Company shall be prejudiced by such failure and then only to the extent of such prejudice. (c.) The Company shall have the right at its own cost to institute and without undue delay prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest or the lien of the in- sured mortgage, as insured; and the Company may take any appro- priate action, whether or not it shall be liable under the termsof this policy, and shall not thereby concede liability or waive any pro- vision of this policy. (d.) Whenever the Company shall have brought any action or inter. posed a defense as required or permitted by the provisions of this policy, the Company may pursue any such litigation to final deter - mination by a court of competent jurisdiction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment of order. (asJ In all cases where this policy permits or requires the Company td prosecute or provide for the defense of any action or proceeding, Me insured hereunder shall secure to the Company the right to so prosecute or provide defense in such action or proceeding, and all *pi* therein, and permit the Company to use, at its option, the amt? of such insured for such purpose. Whenever requested by the moany, such insured shall give the Company, at the Company's pense, all reasonable aid (1) in any such action or proceeding in (acting settlement, securing evidence, obtaining witnesses, or pro - secuting or defending such action or proceeding, and (2) in any other act which in the opinion of the Company may be necessary or . desirable to establish the title to the estate or interest or the lien of the insured mortgage, as insured, including but not limited to exe- cuting corrective or other documents. 4.. Proof of Loss or Damage — Limitation of Action In addition to the notices required under Paragraph 3(b) of these Conditions and Stipulations, a proof of loss or damage, signed and sworn to by the insured claimant shall be furnished to the Company within 90 days at ter the insured claimant shall ascertain or deter- mine the facts giving rise to such loss or damage. Such proof of loss or damage shall describe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy which consti- tutes the basis of loss or damage, and, when appropriate, state the basis of calculating the amount of such loss or damage. Should such proof of loss or damage fail to state facts sufficient to enable the Company to determine its liability hereunder, insured claimant, at the written request of Company, shall furnish such additional information as may reasonably be necessary to make such determination. No right of action shall accrue to insured claimant until 30 days after such proof of loss or damage shall have been furnished. Failure to furnish such proof of loss or damage shall terminate any liability of the Company under this policy as to such loss or damage. S. Options to Pay or Otherwise Settle Claims and Options to Pur- chase Indebtedness The Company shall have the option to pay or otherwise settle for or in the name of an insured claimant any claim insured against, or to terminate all liability and obligations of the Company hereunder by paying or tendering payment of the amount of insurance under this policy together with any costs, attorneys' fees and expenses incurred up to the time of such payment or tender of payment by the insured claimant and authorized by the Company. In case loss or damage is claimed under this policy by the owner of the indebted- ness secured by the insured mortgage, the Company shall have the further option to purchase such indebtedness for the amount owing thereon: together with all costs, attorneys' fees and expenses which the Company is obligated hereunder to pay. If the Company offers to purchase said indebtedness as herein provided, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage and any collateral securing the same to the Company upon payment therefor as herein provided. Upon such offer being made by the Company, all liability and obligations of the Company here- under to the owner of the indebtedness secured by said insured mortgage other than the obligation to purchase said indebtedness pursuant to this paragraph, are terminated. 6. Determination and Payment of Loss (a.) The liability of the Company under this policy shall in no case exceed the least of: (i) the actual loss of the insured claimant; or (ii) the amount of insurance stated in Schedule A, or, if applicable, the amount of insurance as defined in paragraph 2(a) hereof; or (iii) if this policy insures the owner of the indebtedness secured by the insured mortgage, and provided said owner is the insured claim- ant, the amount of the unpaid principal of said indebtedness, plus interest thereon, provided such amount shall not include any add- itional principal indebtedness created subsequent to Date of Policy, except as to amounts advanced to protect the lien of the insured mortgage and secured thereby. (b.) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon an insured in litigation carried on by the Company for such insured, and all costs, attorneys' fees and expenses in litigation carried on by such insured with the writ- ten authorization of the Company. (c.) When the amount of loss or damage has been definitely fixed in accordance with the conditions of this policy, the loss or damage shall be payable within 30 days thereafter. 7. Limitation of Liability No claim shall arise or be maintainable under this policy (a) if the Company, after having received notice of an alleged defect, lien or encumbrance insured against hereunder, by litigation or otherwise, removes such defect, lien or encumbrance or establishes the title, or the lien of the insured mortgage, as insured, within a reasonable time after receipt of such notice; lb) in the event of litigation until there has been a final determination by a court of competent juris- diction, and disposition of all appeals therefrom, adverso to the title or to the lien of the insured mortgage, as insured, as provided in paragraph 3 hereof; or (c) for liability voluntarily admitted or assumed by an insured without prior written consent of the Com- pany. 8. Reduction of Insurance; Termination of Liability All payments under this policy, except payment made for costs, attorneys' fees and expenses, shall reduce the amount of the insur- ance pro tanto; provided, however, if the owner of the indebtedness secured by the insured mortgage is an insured hereunder, then such payments, prior to the acquisition of title to said estate or interest as provided in paragraph 2(a) of these Conditions and Stipulations, shall not reduce pro tanto the amount of the insurance afforded hereunder as to any such insured, except to the extent that such payments reduce the amount of the indebtedness secured by such mortgage. Payment in full by any person or, voluntary satisfaction or release of the insured mortgage shall terminate all liability of the Company to an insured owner of the indebtedness secured by the insured mort- gage,except as provided in paragraph 2(a) hereof. 9. Liability Noncumulative It is expressly understood that the amount of insurance under this policy as to the insured owner of the estate or interest covered by this policy, shall be. reduced by any- amount�the Company may pay under any policy insuring (a) a mortgage shown or referred to in Schedule B hereof which is a lien on the estate or interest covered by this policy, or.(b) a mortgage hereafter. executed by an insured which is a charge . or lien on the estate cr interest described or refer- red to in Schedule A, and the amount so paid shall be deemed a pay- ment under this policy. The Company shall have the option to apply to the payment of any such mortgage any amount that otherwise would be payable hereunder to,the insured owner of the estate or interest covered by this policy and the amount so paid shall be deemed epaynent under this policy to said insured owner. The provisions of this paragraph 9 shall not apply to an owner of the indebtedness secured by the insured mortgage, unless such in. sured acquires title to said estate or interest in satisfaction of said indebtedness or any part thereof. 10. Subrogation Upon Payment or Settlement Whenever the Company shall have paid or settled a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant, except that the owner of the indebtedness secured by the insured mortgage may release orsub- stitute the personal liability of any debtor or guarantor, or extend or otherwise modify the terms of payment, or release a portion of the estate or interest from the lien of the insured mortgage, or re- lease any collateral security for the indebtedness, provided such act occurs prior to receipt by such insured of notice of any claim of title or interest adverse to the title to the estate or interest or the priority of the lien of the insured mortgage and does not result in any loss of priority of the lien of the insured mortgage. The Com- pany shall be subrogated to and be entitled to all rights and re- medies which such insured claimant would have had against any per- son or property in respect to such claim had this policy not been issued, and the Company is hereby authorized and empowered to sue, compromise or settle in its name or in the name of the insured to the full extent of the loss sustained by the Company. If requested by the Company, the insured shall execute any and all documents to evidence the within subrogation. If the payment does not cover the loss of such insured claimant, the Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss, but such subrogation shall be in subordination to an insured mortgage. If loss should result from any act of such insured claimant, such act shall not void this policy, but the Company, in that event, shall as to such insured claimant be required to pay only that part of any losses insured against here- under which shall exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. 11. Liability Limited to this Policy This instrument together with all endorsements and other instru- ments, if any, attached hereto by the Company is the entire policy and contract between the insured and the Company. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the lien of the insured mortgage or of the title to the estate or interest covered hereby, or any action asserting such claim, shall be restricted to the provisions and Conditions and Stipulations of this policy. No amendment of or endorsement to this policy can be made except by writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Com- pany. No payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. 12. Notices, Where Sent All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at the office which issued this policy or to its Home Office, 433 South Spring Street, P.O. Box 2586, Los Angeles, California 90051. 13. The Premium Specified in Schedule A is the Entire Charge for Title Search, Title Examination and Title Insurance.