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<br />;:r';;~~~ . . '.. :~. ':.;~~ TITLE INSURANCE COMPANY..,~: ..:".' . .~
<br />:.,;:~.;~....~' (8 stock company) ':, '.. PHILADELPHIA, PENNSYLVANIA ".:."-~.
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<br />OWNER POLICY
<br />OF TITLE INSURANCE
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<br />POLICY NUMBER
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<br />124 - 080260
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<br />COMMONWEALTH' LAND TITLE INSURANCE COMPANY, a Pennsylvania corporation, hereinafter called the
<br />" " __ Company, for value does hereby guarantee to the Insured (as herein defined) that as of the dat~ hereof, the Insured has good
<br />, ~d indefeasible title to the estate or interest in the land described or referred' to in this policy.
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<br />The Company shall not be liable in a greater amount than the actual monetary loss of the Insured, and in no event shall
<br />the Company be liable for more than the amount shown in Schedule A hereof,and shall, except as hereinafter stated, at its
<br />,own cost defend the Insured in every action or proceeding on any claim against, or right to the estate or interest in the land,
<br />or any part thereof, adverse to the title to the estate or interest in the land as hereby guaranteed, but the Company shall not
<br />be required to defend against any claims based upon matters in any manner excepted under this policy by the exceptions in
<br />Schedule 8 hereof or excluded by Paragraph 2, "Exclusions from Coverage of this Policy", of the Conditions and Stipulations
<br />hereof. The party or parties entitled to such defense shall within'8 "reasonable"tinle after the-comriiencement 'of such action or
<br />proceeding, and in ample time for defense therein, give the Company written notice of the pendency of the action or
<br />~, proceeding, and authority, to defend~ The Company shall not 1>e liable until such adve~e i~terest, claim, or right shall have ' '~,'.
<br />:.' ,".: been held valid by a court of last resort to which either Iitigant'may apply, and if such adve~e interest,claim, or right so "~- ..:,
<br />. .:....,~,=; . established shall be for less than the whol~.of the estate or interest in the land, then the liability of the Company shall be only..-': ;.: :';::'.
<br />:, such part of the whole liability limited above as shall'bear the sameratio.to the whole liability that the adverse interest, claim, . ' .
<br />.' , .' or right established may, bear to the . whole estate or interest in the land, such ratio to be based on respective values " .
<br />). ...:: ". determinable as of the date of this policy. In the absence of notice as aforesaid, the Company is relieved from all iiability with. ',:
<br />'.' " .,.. respect' to any such interest, claim or right; provided, however, that failure to notify shall not prejudice the rights of the
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<br />..'.~;~:': ,Insured if such Insured shall not be a party to such action or proceeding, nor be'served with process therein, nor have ~ny~," ,..
<br />,"~..';. ~ knowledge t~ere~f, nor in any ca,se, unless the Company shall be actually prejudiced by such failure. "
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<br />.': '. ." <:' ..:,. Up~~' s~~' ~f ili~~;s~~e or interest'in the larid, fuis ';~li~y':a~;~maticallY thereupon shill'b~'~o~e a ~arrantor's ~olicy and
<br />. :'" ... the Insured shall for it period oftwenty-five years from the date hereof remain fully protected according to the terms hereof,.
<br />'.' " " by reason of the payment of any loss, he, they or it may sustain on account of any warranty of title contained in the transfer '
<br />:;:- i'. ~ :' or conveyanCe executed by the hisured conveying the estate or inte,rest in the land. The Company shall be liable under said .
<br />"';,;r.":;;:~;::, warranty only by reason of defects, liens or, encumbrances existing prior to or at the date hereof and not excluded either by ;
<br />. ~::'i;:::_~..~:-the exceptions or by the Conditions and Stipulations hereof;such liability not to exceed the amount of this policy., - :"'. '"
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<br />h' ,)',~:'~;:'." IN WITNESS HEREOF, th~ COMMONWEALTH LAND TITLE INSURANCE COMPANY has caused thiS p~licy to be"
<br />'~:'):~::~:..'e~ecuted by its President under the seal of the. Company, but this policY is to be valid only when it bears an authorized : ...
<br />,~.:,~~.!"'countersignature, as 'of the date ietforth in Schedule A. ' ~ ...",:':;':;;; ...;; .:.;~-: ~:::- --~,;: ;., ,-.~- .' '. :' " ~'. ~~,. ...;:; :~".; ,.'~'~. :':'-. ",:
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<br />.. , COMMONWEALTH LAND TITLE INSURANCE COMPANY
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<br />7Att~:: )1~ J JJ r jl,
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<br />{/ Secretuy
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<br />By
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<br />President
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<br />Texas Owner Policy Face Page
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<br />VlIlid On 'v If Schedull's 1.\
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