P-317 (2)
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TO .IOI2.FC-DP (7.71) #3 i7 (cC5
California land T.tle Association
Standard Coverage Policy Form
Copyright 1963
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ISSUED BY
Title Insurance and Trust Company
Tide 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, Schedules A, B and C and to the Conditions and Stipulatio~s
hereto
Title Insurance and Trust Company has caused its
to be hereunto affixed by its duly authorized officers
Schedule A.
Title Insurance and Trust Company
by - ~t&-~
V ...r'l-_--
PRESIDENT
Attest
SECRET~a\1
SCHEDULE B PART ONE
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 ot by the public records.
2. Any faces, 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 correa 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.
CONDITIONS AND STIPULA TIONS
1. DEFINITION OF TERMS 3. EXCLUSIONS FROM THE COVERAGE OF out knowledge,
The following terms when used in this THIS POLICY
policy mean: This policy does not insure against loss 4. DEFENSE AND PROSECUTION OF ACTIONS
(a) "land": the land described, specific. or damage by reasons of the following: -NOTICE OF CLAIM TO BE GIVEN BY
ally or by reference, in Schedule C and (a) Any law, ordinance or governmental THE INSURED
improvements affixed thereto which by law regulation (including but not limited to (a) The Company, at its own cost and
constitute real property; building and zoning ordinances) restricting without undue delay shall provide (1) for
(b) "public records" : those records or regulating or prohibiting the occupancy, the defense of the Insured in all litigation
which impart constructive notice of matters use or enjoyment of the land, or regulating consisting of actions or proceedings com-
relating to said land; the character, dimensions, or location of menced against the Insured, or defenses,
(c) "knowledge": actual knowledge, not any improvement now or hereafter ereCted rest~aining orders, or injunctions interposed
on said land, or prohibiting a separation in agaIDst a foreclosure or sale of the mort.
constructive knowledge or notice which ownership or a reduction in the dimensions gage and indebtedness covered by this policy
may be imputed to the Insured by reason or area of any lot or parcel of land. or a sale of the estate or interest in said
of any public records; (b) Governmental rights' of police power land; or (2) for such action as may be
(d) "date": the effective date; or eminent domain unless notice of the appropriate to establish the title of the
(e) "mortgage": mortgage, deed of trust, exercise of such rights appears in the public estate or interest or the lien of the mort-
trust deed, or other security instrument; and records at the date hereof. gage as insured, which litigation or action
(f) "insured": the party or parties named (c) Title to any property beyond the in any of such events is founded upon an
alleged defect, lien or mcumbrance in.
as Insured, and if the owner of the in- lines of the land expressly described in sured against by this policy, and may pur-
debtedness secured by a mortgage shown in Schedule C, or title to streets, roads, ave. sue any litifation to final determination in
Schedule B is named as an Insured in nues, lanes, ways Ot waterways on which the court 0 last resort.
Schedule A, the Insured shall include (1) such land abuts, or the right to maintain . (b) In case any such action or proceed-
each successor in interest in ownership of therein vaults, tunnels. ramps or any other
such indebtedness, (2) any such owner who structure or improvement; or any rights or JUg shall be begun, or defense interposed
acquires the estate or interest referred to easements therein unless this pol icy specific. or in case knowledge shall come to the In:
in this policy by foreclosure, trustee's sale, ally provides that such property. rights or sured of any claim of title or interest which
or other legal manner in satisfaction of easements are insured, except that if the is adverse to the title of the estate or in-
said indebtedness, and (3) any federal land abuts upon one or more physically terest or lien of the mortgage as insured
agency or instrumentality which is an in- open streets or highways this policy insures or .which might cause loss or damage fo;
surer or guarantor under an insurance .con- the ordinary rights of abutting owners for whICh the Company shall or may be liable
tract or guaranty insuring or guaranteeing access to one of stich streets or highways, by virtue of this policy, or if the Insured
said indebtedness, or any part thereof, unless otherwise excepted or excluded shall in good faith contract to sell the in-
whether named as an insured herein or not, herein. debtedness secured by a mortgage covered
subject otherwise to the provisions hereof. (d) Defects, liens, encumbrances, adverse by this policy, or, if an Insured in good
faith leases or contracts to sell, lease or
2. BENEFITS AFTER ACQUISITION OF TITLE claims against the title as insured or other mortgage the same, or if the successful
If an insured owner of the indebtedness matters (1) created, suffered, assumed or bidder at a foreclosure sale under a mort-
secured by a mortgage described in Sched- agreed to by the Insured claiming loss or gage covered by this policy refuses to pur-
ule B acquires said estate or interest, or damage; or (2) known to the Insured chase and in any such event the title to
any part thereof, by foreclosure, trustee's Claimant either at the date of this policy said estate or interest is rejected as un-
sale, or other legal manner in satisfaction or at the date such Insured Claimant ac. marketable, the Insured shall notify the
of said indebtedness, or any part thereof, qui red an estate or interest insured by this Company thereof in writing. If such notice
or if a federal agency or instrumentality policy and not shown by the public records, shall not be given to the Company within
acquires, said estate or interest, or any part unless disclosure thereof in writing by the ten days of the receipt of process or plead-
thereof, as a consequence of an insurance Insured shall have been made to the Com. ings or if the, Insured shall not, in writing,
contract or guaranty insuring or guarantee- pany prior to the date of this policy: or (3) r.romptly notify the Company of any de-
ing the indebtedness secured by a mortgage resulting in no loss to the Insured Claim. ecr. lien or encumbrance insured against
covered by this policy, or any part thereof, ant; or (4) attaching or created subsequent which shall come to the knowledge of the
this policy shall continue in force in favor to the date hereof. Insured, or if the Insured shall not, in
of such Insured, agency or instrumentality, ( e ) Loss or damage which would not writing, promptly notify the Company of
subject to all of the conditions and stipula- have been sustained if the Insured were a any such rejection by reason of claimed un-
tions hereof. purchaser or encumbrancer for value with- marketabiliry of title, then all liability of
(Conditions ond Stipulotions Continued ond Concluded on Last Page of This Policy)
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022372178 K
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SCHEDULE, A
PREMIUM : $146.44
AMOUNT : $34,024.50
EFFECTIVE DATE: JANUARY 27, 1972 AT 7:00 A.M.
POLICY NUMBER : 6751812
INSURED
CITY OF SANTA MONICA, A MUNICIPAl.,CORPORAT ION.
.1. TITLE TO THE ESTATE OR>INTEREST COVERED BY.TIiIS POLICY AT THE
DATE IiEREOF IS VESTED IN:
CITY Of SANTA"IOWICA,."A' MUN1CIPAl;C08RORATIO'.
Z. THE ESTATE ()R'IN"rERESl" IN THE lAND DE$cIHflED ORREI;IRRED TO: IN
SCHEDUlE C COVERED BY. THIS POlICY:iISAFEE.
SCHEDUlEB
THIS POLICY DOES NOT INSURE AGAINST,lOSS OR DAMAGE SY UASON OF
THE FOllOWING:
All MATTERS SET fORTH IN',ARAGRAPHS'NUM8JERED:l,.TO,5 INtLUSIVE ON
THE INSIDE COVER SHEET>OFTHIS POlICY UNDER JHE, HEADING SCHEDUlE B
PART ONE.
1. GENERAl AND SPEtIAl CIUNTY'A.ND CITY, TAXES
FOR THE FISCAL YEAR 1971*,1912,INClUDING,PERStlNl.t'PROPERTY TAX,' IF ANY,
TOTAl AMOUNT : $674.()4 >PARCEl. NO.ft28i*,lo-8
FIRST INSTALLMENT : $337.02 PLUS'PENI.LJY'OF'$20.22
PERSONAl PROPERTY OF: NONE
SECOND' INSTAlLMENT :'$337.02
2. A SALE TO THE STATE OF:, CALIFORNIA FOR GENERAl>AND SPECIAL: TAXES
AND SUBSEQUENT DELINQUENCIES FOR THE
FISCAL YEAR : 1968-69 PARCEL NO. 4281-10~8
, TAXING AUTHORITY :.COUNTY AND,CITY
ORIGINAL AMOUNT : $454.11
AMOUNT TO PAY PRIOR TO: JANUARY 31, 1972, $1,954.50
6751812 PAGE 1
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3. AN EASEMENT AFFECTING THE PORTION OF SAID LAND AND FOR'THE
PURPOSES STATED HEREIN,'AND INCIDENTAL PURPOSES,
IN FAVOR OF : GENERAL TELEPHONE COMPANY OF CALIFORNIA,
A,CORPORATION
FOR : POlE~ lINES AND CONDUITS
RECORDED : JULY 1, 1954 IN BOOK 44994 PAGE 248, OFFICIAL
RECORDS
AFFECTS : THE SOUTHWESTERLY 2 FEET Of SAID LAND
4. A lEASE, AFFECtU,4GTHE, PREMISES' HEREIN'.STATlm, EXECUTED ey AND
BETWEEN THE PARTI ESNAMED,HEREIN,FOR THE TERlfANDUPON THE: TERMS,
COVENANTS AND CONDIIIONS:THERE.I.N<: PROVIl>Ee.,
TYPE OF, lEASE : Stl8SURFACE OILAN.D'GlS'LEASE
DA TED : ~P R 11, 16, ,,1968
LE SSOR : THEMI CHIElBERlIN:;J;RtlSY' AND' lHE.
BERI,;IN...,TRUSY
LE SSEE : STANDj;RQ,Olt, COMPANY OF, CAt.IFORNI..A,<: A<!(JRP'RATION
RECORDED : MAY 1;;1, 1968 IN 800K 1;"'28.f>>f>> PAGE,933, OFFICIAL
RECORDS
AFFECTS : ntAT.P€lRTIONOF, SAIllI..AND.lYING "BELOW A
DEPTH OF 500 FEET FRO"TtiE SURFACE TffEREOF
NO REPRESENTA1ION'JSMADEASTtJTHE PRESENl.O'N.ERSH~P 01'< S".JD lEASEHOLD
OR MATTERS AFFECTING THE RIGHTSO~ INTERE'~lS OF'THE.t.ESSOROR LESSEE
ARISING OUT OF OR OCCASllaNEDBY SAID', LEASE'
"
6151812 PAGE 2
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022372118
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SCHEDULE C
THE LAND REFERRED TO IN THIS POLICY IS SITUATED IN THE COUNIYOF
LOS ANGELES, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:
,THAT PORTION OF LOT 8, BLOCK M, VAWTER'S OCEAN VIEW-TRACT,
IN THE CITY OF SANTA MONICA, IN THE'COUNTY OF~LOS ANGELES,
. STATE OF CALIFORNIA, AS PER MAP RECORDED: IN BOOK,9, PAGE
_ 1 OF MISCELLANEOUS, RECORDS. IN' THE OFFICE" OF THE COUNTY RECORDER
OF SAID COUNTY, DESCRIBED' AS FOLLOWS:
BEGINNING AT THE WESTERLY'CORNER OF SAID Lot; THENCE SOUTHEASTERLY
ALONG THE SOUTHWESTERLY: LINE OF SAID', lOT.,: A DISTANCE Of
34.04 FEET; THENCE NORTH 520 SO' 088 EAST 120.15 FE-ET;THENCE
EASTERl Y A DISTANCE OF', 14.41 FEET, MORE OR-, lESS" TO THE
EASTERl Y CORNER OF SAID lOT; THENCE NORTHWESTERLY ALONG,
THE NORTHEASTERLY: lINE ()f SAID: lOT A-DISTANCE Of-50 fEET,
MORE OR LESS, TO THE NCRTHERlY CORNER OF SAID.LOT;'THENCE
SOUTH-50. OS' 218 WEST ALONG THE,NORTHWESTERlY lINE OF SAlt)
, lOT A DISTANCE Of 130 FEET, MORE OR. LESS,; TO: THE POINT Of
BEGINNING.
.
6151812 PAGE 3
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CLTA 107.8 (4-10-69)
(5-69)
ALTA OR STANDARD COVERAGE
.
INDORSEMENT
ATTACHED TO POLICY NO.6 751.81.2
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
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.
Title Insurance and Trust Company
By ~~~
SECRETARY
f~ ~ Jl;,
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of:
@ This. is not a survey of the land but is
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Title '1Jsu"."ceand Trust Company
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CONDITIONS AND STIPULATIONS (Continued and Concluded From Reverse Side of Policy Face)
the Company in regard [0 the subject matter rany by the Insured, the Company offers the amount so paid shall be deemed a pay.
of such acuon. proceeding or marter shall to purchase said indebtedness, the owner of ment to the Insured under this policy. The
cease and terminate; provided. however, such indebtedness shall transfer and assign provisions of rhis paragraph numbered 8
that faIlure to nOlify shall in no case said indebtedness and the mortgage seclilring shall not apply to an Insured owner of an
prejudice the claim of any Insured unless the same to the Company upon payment of indebtedness secured by a mortgage shown
the Comp~ny shall be actually prejudiced the putchase price. in Schedule B unless such Insured acquires
by such fal]ure and then only to the extent tide to said estate or interest in satisfaction
of such prejudice. 7. PAYMIENT OF LOSS of said indebtedness or any part thereof.
(c) The Company shall have the right (a) The liability of the Company under
at its own cost to institute and prosecute this pnlicy shall in no case exceed, in all; 9. SUBROGATION UPON PAYMIENT OR
any action or proceeding or do any other the actual loss of the Insured and costS and SmLEMIENT
act which in its opinion may be necessary attorneys' fees which the Company may be Whenever the Company shall have setded
or desirable to establish the title of the obligated hereunder to pay. a claim under this policy, all right of sub-
estate or !nterest or the lien of the mort- (b) The Company will pay i addition rogation shall vest in the Company u~-
gage as IOsured; and the Company may t I' d . t b' n. . affected by any act of the Insured, and It
k '. d 0 any oss IOsure agams y thIS pollcv h II b b db'
ta I.' any appropflate actIOn un er the terms,)) co .ts '01 P d th I d' J 't" ' sa e su rogate to and I.' entitled to
f h. ]' h h . h II b ~ > lose upon I.' nsure m I I. II' h d ed' h' d
OtIS po Icy W et er or not It. s a e at'on ca 'd b th C f th a fig IS an rem les w ICh the Insure
liable thereunder and shall not thereby 81 Sl ed rrdle 101 n y ed otmpany, for , e would have had against any person or prop-
d I' b'l' . . . f n ur ,an a costs an at orneys ees 10 . hi' h d h' I'
co~ce e. la I Ity or waIve any proVISIOn 0 litigation carried on b the Insured with erty m resl;'ect [0 suc c aIm a t IS po ICy
thiS pohey. the written authorizati~ of the Company. not been Issued. If the payment does not
(d) In all cases where this policy per- , . cover the loss of the Insured, the. Company
mits or requires the Company to prosecute (c) .No. claIm for dama$es sh~ll aflse ~r shall .be . subrogated t? such. f1gh~s and
or provide for the defense of any actinn be mamtalOable under !hlS pol~cy (1). If remedIes 10 the proportIOn whIch. satd pay-
or proceeding, the Insured shall secure to the Company, after ha~lDg receIved notICe ment bears to the amount of saId loss. If
it the right' [0 so prosecute or provide de- of an alleged defect, !ten or encumbrance loss should result from any ~Ct of the .In-
fensI.' in such action or proceeding, and all not excepted .or excluded herem r~m?ves sured. such act sha~1 not VOId tlus poltey.
appeals therein, and permit it to use, at its such defect" hen or encu!TIbrance wlthl!~ a but the Comrlllny, 10 that event, shall be
option, the name of the Insured for such reasonable tl!TIe.a.fter recelpt.of such notICe. reqUired to pay only that part ~)f any losses
purpose. Whenever requested by the Com- or (2) for lI~blltry ~oluntanly ~ssumed b,Y Insured agalOst hereunder whICh shall ex-
pany the Insured shall give the Comp,any th~ Insured. 10 settling any claIm or. SUIt ceed the amount. If any: lost. to the Com.
all reasonable aid in any such action or wIthout, wfltten consent t;>f t~e ~ompany, p.any by reason o~ the Impairment ~f tbe
proceeding, in effeering settlement, securing or (3) m the event the tIt]e IS reJecu~d as nght of subrogatIOn. The Insured, If re-
evidence, obtaining witnesses, or prosecu- unmarketable because of a defect, hen ?r quested by the Comp~ny, shall transfer ,to
ting or' defending such action or proceed- en,cumbr~nce nor excepted or excluded. 10 the, Company all fights and remedl~s
ing, and the Company shall reimburse the thIS p<;>lIcr, untIl there has been a .flOal against any person or ~roperty net'essacr m
Insured for any expense so incurred determination by a court of competent Juns. order to perfect such nght of subrogatIon,
, diction sustaining such rejection. and shall permit the Company to use the
5. NOTICIE OF LOSS - LIMITATION OF (d) All payments under this policy ex- n,a!TIe .of t.he In~ured in a.ny transaction, or
ACTIO~. cept payments made for costs, attor~eys' htIgatlOn Involvmg. such fights or remedl~s.
In addition to the notices required under fees and expenses, shall reduce the al1)ount If the Insured IS the owner of the In-
paragraph 4(b), a statement in writing of of the insurance pro tanto and no payment debte~ness .secured by a mortgage covered
any loss or dan;tage. for which it is claimed shall be made without producing this policy by th~s poltcy, such Insure~ n;tay release or
the Company. tS Itable under this policy for endorsement of such payment unless subsntute th.. persona] ltablltty of a.ny
s~all be furmshed to the Company within the policy be lost or destroyed, in which debt?r or guarantor, or extend or otherWise
SIXty days after such loss or damage shall case proof of such loss or destruction shall modify the terms of payment, or release
ha~e been determined. and no right of be furnished to the satisfaction of the Com- a. portion of the estate or interest from the
aC!lOn s~all acc~ue t? the Insured under pany; provided, however, if the owner of hen of the ,mortgage, o~ release any col-
thts pohey untIl thIrty days after such an indebtedness secured by a mortgage l~teral securIty for the Indebte~ness. pro-
statement shall have been furnished, and shown in Schedule B is an Insured herein vlded such act does not result In any loss
no recov~ry sh~1l be had by. the Insured then such payments shall not reduce pro of priority of the lien of the mortgage.
under thiS poltey un~es~ a~tlOn shall be tanto the amount of the insurance afforded 10. POLICY IENTlRE CONTRACT
co~me?ced ther.eon :within fIve years after hereunder as to such Insured, except to the '" ,
exptrat~on of saId thlrry day period. Failure extent that such payments reduce the amount Any action or acltons or rIghts of act!on
to furmsh such statement of .loss or. d~mage, of the indebtedness secured by such mOf(. that. the Insured may ha."e or may ~nng
o,r to cO!TImence suc~. actlnn WIthin the gage. Payment in full by any person or agalOst the Company anstng out II, the
tIme herembefore specifIed, shall be a con. voluntary satisfaction or release by the In- status. of th.e hen of t~e mortgage covered
elusive bar against maintenance by the In- sured of a mortgage covered by this policy ~y thiS ,?oltcy or the title of the estate or
sured of any action under this policy. shall terminate all liability of the Company mterest !n.sured he~m m.ust be based on
h. d f h . deb ed the provIsIons of thiS poltcy.
6. OPTION TO PAY' SIETTlIE OR COMPR to t I.' IOsure owner 0 t e m t ness . . ' . . ..
MISIE CLAIMS ' 0- secured by such mortgage, except as pro- No pro~tslOn or condttJon of thiS pol.ICY
vided in paragraph 2 hereof. can be waIved or changed except by wrltlng
The Company shall have the option to ( ) Wh I' b'I't h b d f' . I endorsed hereon or attached hereto,signed
pa or S ttl . f' e en la I I Y as een e IOlte y b 'd . 'd
y I.' I.' or compromIse or or m the f' d' d . h h ' d" f y the Presl ent a VIce Presl ent the
f th I d ].. IXI.' 10 accor ance WIl t e con mons 0 '. '
nan;te 0 ensure any e aIm Insured this policy the loss 0 d m g h II b Secretary, an ASSIstant Secretary or other
agaInst or to pay the full amount of this abl 'th' th' t d r ~h a I.' f~ a e pay- validating officer of the Company.
policy, or, in case loss is claimed under this' e WI m Ir y ays erea er.
policy by the owner of the indebtedness 11. NOTlCIES, WHIERIE SENT
sec,!red by a mortgage covered by this 8. LIABILITY NONCUMULATlVIE All notices required to be gi:yer{ the Com-
pohey, the Company shall have the option It is expressly understood that the pany and any statement in writing required
to purchase said indebtedness; such pur. amount of this policy is reduced by any to be furnished the Company shall be ad-
chase, payment or tender of payment of amount the Company may pay under any dressed to it at the office which issued this
the full amount of this policy, together policy insuring the validity or priority nf poli.cy or to its Home Offic~, 4~3 South
WIth all costs, attorneys' fees and expenses any mortgage shown or referred 10 in Sprmg Street, Los Angeles, Caltfomta 90051.
which the Company is obligated hereunder Schedule B hereof or any mortgage here.
to pay, shall terminate all liability of the after executed by the Insured which is a 12. THIE PRIEMIUMSPECIFI~D, IN SCHIEDUU!
Company hereunder. ]n the event. after charge or lien on the estate or interest A IS THIE IENTlRE CHARGIE FOR TlTllE SIEARCH.
notice of claim has been given to the Com- described or referred to in Schedule A, and TITLE IEXAMINATlON AND TITlE INSURANCIE.
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