Robert S. Carpenter - Steward Title Guaranty Company

Browse Search

FORM T-1 OWNER POLICY OF TITLE INSURANCE '11 you want infonnation about coverage or need assistance to resolve c;omplaints, please call our toll free number: 1-800-729-1902. If you make a claim under your policy, you must furnish written notice in accordance with Section 3 of the Conditions and Stipulations. Visit our World-Wide Web site at: http://www.stewart.com '" . '; GUARANTY COM-PANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROMiCOVERAGE CONTAINED IN SCHEDULE BAND THE CONDITIONS AND STIPULATIONS, STEWART TITLE.GUARANTY COMPANV:a Texas corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against Ibss~or damage, noteiceeding the Amount of Insurance stated in Schedule A, sustaine~ or incurred by th~ insu~ed by r~aso~ of: tf t I . 1. TItle to the estate or Interest described In Schedule A ~lng vested other!t~an as stated therein; 2. Any defect in or lien or encumbrance on the title; .~f~ ,t \ 3. Any statutory or constitutional mechanic's, contraC!9ii~~'.ot materialman~s 'lieh,f~r labor or material having its inception on or before Date of Policy; . ~~~:;. .... ,__, " . 4. Lack of a right of ~ccess t~ and, from the land\~:ll:~::;~. . . .,' '..... }':J 5. Lack of good and indefeasible title. . . '. \ ~> ' .. I! I The Comp~ny also will pay the.costs, attorneys' fees~M~..expenses incurred in defJnse of the title, as insured, but only to the extent pro~d~,~~t~~;~~~~;;~~ ;t~:~~i~~~~ GuaranJ}"+.'\:;:':'~~. ~U~ed'th~~'\ to be signed and sealed by its duly authorized officers as of the date of Policy shown in Schedule A. \ ' . -~, ." ~~~. ' /' Chairman of t e Board Countersigned: ~ ~~~~ .~ - - - - - - - - ~ .- - OWNER'S POLICY OF TITLE INSURANCE ISSUED BY STEWART TITLE. A Company City, State EXc'hs FROM tOVERiGE The following matters are expressly excluded fram the coverage of thisl'.tyaild the Company will not pay loss ar damage, rosts, attorneys' fees or expenses which arise by reasan of: W-:, -._ , 1. ~a' .. Any low, ~rdinan~ or governmental regulati~n (including. but\~iiAj!1!ifed ro. ~u.ildi~g .and z?ning laws, ?rdinances,. or regulations) restricting, regulatingi prohibiting or relating to (I) the occupancy, use, or enloyment of the.land;i(II) thuliaracter, dimenSions or lomtlon of any Improvement now or hereafter erected on the-land; (iii) a separation in ownership or a change in the'dimensions or area of the land or any parcel of which the land is or was a part; or (iv) . environmental protection,' or the effect.of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enfon:ement thereof or a notice of a defect, lienor encumbrance resulting from a violation or alleged violation affecting the land has been rIKorded in the public records at Date of Policy. (b) Any governmental police power nat excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public rerords at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been remrded .in the public records at Date of Policy, but not excluding from coverage any taking that has ouurred prior to Date of Policy whim would be binding on the rights of a pun:haser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: . (a) created, suffered, assumed or agreed to by the insured claimant; '(b) not known ,to the Company, Rot recorded in the public i'erords at Date of Policy, but known to the insured claimant and not disclosed in writing to the' Company by the insured claimant prior to the date the insured daimant bemme an insured under this. policy; . (c) resulting in no 1055 or damage to the insured claimant; - (d) attaming or created subsequent to Date of Policy; (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. The refusal of any person to purchase, lease or lend money on the estate or interest rovered hereby in the land desuibed in SdIedule A because of unmarketability of the ti~e. 5. Any claim, which arises out of the transaction vesting in the person named in paragraph 3 of Schedule A the estate or interest insured by this policy, by reasan of the operation of federal bankruptcy, .state insolvency, or other state of federal creditars' rights laws, that is based on either (i) the transaction creating the estate or interest Insured by this Policy being deemed a fraudulent conveyance or fraudulent transfer or a voidable distribution or voidable dividend, (ii) the subordination or rec:haracterization of the estate or-interest insured by this Policy as a result of the applimtion of the doctrine of equitable subcoordination, or (iii) the transaction creating the estate or interest insured by this Policy being ,deemed a preferential transfer except where the preferential transfer results. fram the failure of the Company or its issuing agent to timely file for record the instrument of transfer to the insured after delivery or the,foilure of such recordation to import notice to a pUl'(haser for value or a judgment or lien creditor. -- ,... "... ~,el~ . Se~ No,. O~5841-197636. ... 581 (Rev, 10-1-97)