R-2010-27 authorize sale of Block 26, Lot 10, Bayfront Addition, Town of La Porte

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SCHEDULE C Your Policy will not cover loss. costs. attorneys fees, and expenses resulting from the following requirements that will appear as Exceptions in Schedule B of the Policy, unless you dispose of these matters to our satisfaction, before the date the Polley is issued: 1. Documents creating you' title or Interest must be approved by us and must be signed, notarized and filed for record. 2. Satisfactory evidence must be provided that no person occupying the land claims any Interest in that land against the persons named In paragraph 3 of Schedule A, all standby fees, taxes, assessments and charges against the property have been paid. all improvements or repairs to the property are completed and accepted by the owner, and that all contractors, sub-contractors, laborers and suppliers have been fully paid. and that no mechanic's. laborer's or materialmen's liens have attached to the property. there is legal right of access to and from the land, (on a Mortgagee Policy only) restrictions have not been and will not be violated that affect the validity and priority of the Insured mortgage. 3. You must pay the seller or borrower the agreed amount for your property or interest 4. Any defect. lien or other matter that may affect title to the land or Interest insured. that arises or Is filed after the effective date of this Commitment. 5. NOTE: Procedural Rule P-27 as provided for in Miele 9.39A of the Texas Insurance Code requires that wGood Funds- be received and deposited before a Title Agent may disburse from Its Trust Fund Account. 6. Note: We find no outstanding mortgage liens of record affecting the subject property. An inquiry should be made concerning the existence of any unrecorded lien or other indebtedness, which could give rise to any security interest in the subject property. 7. We must be furnished with a properly executed Resolution in recordable form to support the proposed transaction. 8. The subject property lies within the boundaries of La Porte Water Authority. Requirement: pursuant to V.T.C.A. Watsr code. Sections 50.301 and 50.302. Proper notice In statutory form must be given to the purchaser 9. The purchaser in this transaction has not been checked for United States Judgment Liens and/or Notice of Uen for Fine. NOTE TO CLOSER: Title is vested as shown above by Warranty Deed dated November 3, 1987 filed for record November 30, 1987 under Harris County Clerk's Ale No. L441889. NOTE TO LENDER: We have examined the records in the offICe of the county of subject property for the past 24 months and found the following Deed{s}: None. Form T -7: Commitment lOr Title Insurance File Number: 1229-10-1654