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<br />kwyers Title Insurance (9rporation
<br />
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<br />President.
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<br />Attest:
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<br />'I' :,
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<br />LAWYERS TITLE INSURANCE CORPORATION, a Virginia corporation, hereinafter called the Company,
<br />for value does hereby guarantee to the herein named Insured, the heirs, devisees, executors and ad-
<br />ministrators of the Insured, or if a corporation, its successors by dissolution, merger or consolidation,
<br />that as of the date hereof, the Insured has good and indefeasible title to the estate or interest in the
<br />land described or referred to in this policy,
<br />The Company shall not be liable in a greater amount than the actual monetary loss of the Insured,
<br />and in no event shall the Company be liable for more than the amount shown in Schedule A hereof,
<br />and shall, except as hereinafter stated, at its own cost defend the Insured in every action or proceed-
<br />ing on any claim against, or right to the estate or interest in the land, or any part thereof, adverse to
<br />th~ title to the estat~ or interest. in the land as hereby g~aranteed, but the Company shal~ not ~e re-
<br />qUired to defend against any claims based upon matters In any manner excepted under thiS policy by
<br />the exceptions in Schedule B hereof or excluded by Paragraph 2, "Exclusions from Coverage of this
<br />Policy", of the Conditions and Stipulations hereof. The party or parties entitled to such defense shall
<br />within a reasonable time after the commencement of such action or proceeding, and in ample time for
<br />defense therein, give the Company written notice of the pendency of the action or proceeding, and
<br />authority to defend. The Company shall not be liable until such adverse interest, claim, or right shall
<br />have been held valid by a court of last resort to which either litigant may apply, and if such adverse
<br />interest, claim, or right so established shall be for less than the whole of the estate or interest in the
<br />land, then the liability of the Company shall be only such part of the whole liability limited above as
<br />shall bear the same ratio to the whole liability that the adverse interest, claim, or right established
<br />may bear to the whole estate or interest in the land, such ratio to be based on respective values de-
<br />terminable as of the date of this policy, In the absence of notice as aforesaid, the Company is relieved
<br />fro.1J1 all, ,lia,bility .with~, !,espe,ct ~.~ ;any,suc~. i~n~~reJt,. c1~im _or:, ri:9ht;p'~o~id~d ,h....9wever,_.!.~~!_ fa~l.ure, to
<br />no!-.fy ,shall-n~ot ~~et,?dl,ce .th~':.r.lgp,ts "of thl!'_'I:n.slJ!e~;:'II, ~u~~~~~s~~e_d~~~fW .nof~~e-'a_I?Q.~y~rO'-s~cli ac..!lon
<br />or ,proceeding, nor .be> served witli process .tHerein; 'nor- nave any 'knowle:age"'fher~of;' nor in ,-emy; case,
<br />unless;tlle~om-pan)")ha'lIl)e'a-etuoUy;prei3dicea'~by su'ch ~ailu'Fe,m:.__a '-~ ..:.:;::;,~ ..-;'..:,: "" j; ,
<br />Upon sale of the estate or interest in the land, this policy automatically thereupon shall become a
<br />warrantor's policy and the Insured, the heirs, devisees, executors and administrators of the Insured,
<br />. or if a corporation, its successors by dissolution, merger or consolidation, shall for a period of twenty-
<br />five years from date hereof remain fully protected: a:c~cording to the terms hereof, by reason of the
<br />payment of any loss he, they or it may sustain on account of any warranty of title contained in the
<br />transfer or conveyance executed by the Insured conveying the estate or interest in the land, The Com-
<br />pany shall be liable under said warranty only by reason of defects, liens or encumbrances existing prior
<br />to or at the date hereof and not excluded either by the exceptions or by the Conditions and Stipulations
<br />hereof, such liability not to ~xce,~d the arylountof. this poli(;y, _.._ ,_ ..,....._
<br />IN WITNESS HEREOF, tli~ 'LAWYERS 'TI1LE"iN'SURANCE '(:'6RPORATION has caused this policy to be
<br />executed by its President under the seal of the Company, but this policy is to be valid only when it
<br />bears a':l, authorized countersignature, as of the date set forth in Schedule A, -.- - -,..., ,~ :
<br />.. _ .. . JoJ.. ........ - .....a.. ""'" oJ .; _
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<br />";"dWNER POLICY OF TITLE I'NSURANCE
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<br />kwyers 'TItle Insurance (9rporation
<br />A Stock Company
<br />Home Office - Richmond .Virginia ,
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<br />.t ..a
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<br />Owners Policy - Fo,m prelCribed'by Stole Board of Insurance of Texas
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<br />Policy 90 - Texas Form T - Rev, 1 - 76
<br />035-0-090-4220/1
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