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<br />Board of Insurance of Texas-Revised 1966
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<br />6317-G
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<br />STEWART
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<br />TITLE
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<br />GUA.RA.NTY COMPA.NY
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<br />STEWART TITLE GUARANTY COMPANY, a corporation of Galveston, Texas, herein called the Company, for value does hereby guarantee to the
<br />party or parties named below, herein styled assured, the heirs, devisees, executors and administrators of the assured, or if a corporation, its
<br />. successors by dissolution, merger or consolidation, that as of the date hereof, the assured has good and indefeasible title to the following
<br />described land:
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<br />Lot Eight (8), Block Two Hundred iity-seven (26fUTOWN OF LA PORTE, in Harris
<br />County, Texas, according to the mJp',J or plat there~of recorded in Volume 60, Page 112,
<br />of the Deed Records of Harris Couq~y, Texas, and~king the same property conveyed to
<br />the assured herein by Deed dated ~y\ 5,. 1967, fr~m~LA PORTE LAND COMPANY, reference
<br />to which instrument is here inade~' '. I. "
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<br />back "hereof and to the following matters which are excep-
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<br />of theinstrunient(s) c{eating or evidencing said Iien(s}:
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<br />NAME OF THE ASSURED:
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<br />CITY OF LA PORTE:,
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<br />, ' r--.-~ --,
<br />This policy is subject fo the GENERAL CONDiTIONS AND ~TIPULATIONS on thit
<br />tions from the coverage of this policy:
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<br />1. The following Iien(s) and all terms, provisions and
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<br />NONE
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<br />cOriditions
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<br />2. Restrictive covenants affecting the land described or,,:referred to~bove.
<br />. ~o_ Co. . . -. '. _ _. ~
<br />3. Any discrepancies, conflicts, or shortages in are,Q or boundary lines, or. ,any encroachments, or any overlapping of improvements.
<br />4. All taxes for the year 19 ' 70 and sUbsequeni,years,,:
<br />S. Rights of parties in possession. ..'
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<br />Sanctity of Con.tract
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<br />The Company shall not be liable in a greater amount, than the actucil monelary loss of assured, and in no event shall said company be
<br />liable for more than
<br />FIVE HUNDRED AND NO/100----------------~-----($500.00)-------------------------
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<br />Dollars, and shall, except as hereinafter stated, at its own cost defend said assured in every suit or proceeding on any claim against or right to
<br />said land, or any part thereof, adverse to the title as hereby guaranteed, but the company shall not be required to defend against any claims
<br />based upon matters in any manner excepted or excluded under this, policy by the foregoing exceptions or by the General Conditions and Slipu-
<br />lations hereof. The party or parties entitled to such defense shall within a reasonable time after the commencement of such suit or proceeding
<br />and in ample time for defense therein, give the Company wrillen notice of the pendency of the suit or proceeding, and authority to defend,
<br />and the company shall not be liable until such adverse interest, claim, or right shall have been held valid by a court of last resort to which
<br />either 'litigant may apply, and if such adverse interest, claim, or right so established shall be for less than the whole of the land, then the lia-
<br />bility of the Company shall be only such part of the whole liability limited above as shall bear the same ratio to the whole liability that the
<br />adverse interest, claim, or right established may bear to the whole land, such ratio to be based on respective values determinable as of the
<br />date of this policy. In the absence of notice as aforesaid, the Company is relieved from 011 liability with respect to any such interest, claim, or
<br />right; provided, however, that failure to notify shall not prejudice the rights of the. assured if such assured shall not be a party to such action
<br />or proceeding nor be served with process therein, nor have any knowledge thereof, nor in any case, unless the Company shall be actually preju-
<br />diced by such failure. " , '. ,
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<br />Upon sale of the land this policy automatically thereupon shall become a warrantor's policy and the assured, the h'eirs, devis~es, executors
<br />and administrators, of such assured, or if a corporation, its successors by dissolution, merger or consolidation, shall for a period of twenty-five
<br />years from date hereof remain fully protected according to the terms hereof, by reason of the payment of any loss he, they or it may sustain on
<br />account of any warranty of title contained in the deed executed by assured conveying said land. The Company shall be liable under said war-
<br />ranty only by reason of defects, liens or encumbrances existing prior to or at the date hereof and not excluded either by the foregoing excep-
<br />tions or by the General Conditions and Stipulations hereof, such liability not to exceed the amount of this policy.
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<br />SIGNED UNDER SEAL for the Company, but this policy is fo be valid only when it bears
<br />an authorized countersignature, as of the 23RDday of MAR C H
<br />1970 ,the effective date of this policy, .at H 0 U S TON , Texas.
<br />
<br />s~rEWART ~rI~rLE
<br />
<br />G.UA.RANT1" COMPA.NY
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<br />Countersigned:
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<br />President
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<br />POLICY
<br />SERIAL
<br />NUMBER
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<br />o 516750 A
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<br />~.".".. .,;+.,-....,;.+:0 ~ ~ ~
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<br />In wrillng rhe Compon" plea.. r.", to ,h.
<br />printed Policy S.rial Number, and lend all nOliee.
<br />10 P. O. loa 2029, HOVlton, Texos 77001.
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