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<br />stewart <br /> <br />~title guaranty company <br /> <br />OWNER'S COVERAGE STATEMENT <br />This Policy insures your title to the land described in Schedule A -- if that land is a one-to-four family residential property or <br />condominium unit. <br />Your insurance, as described in this Coverage Statement, is effective on the Policy Date shown in Schedule A. <br />This document is title insurance. It is not an opinion or report of your title. It is a contract of indemnity, meaning a promise to <br />pay you or take other action if you have a loss resulting from a covered title risk. <br />Your insurance under this contract is limited by the following: We insure you against actual loss resulting from: <br />. Exclusions on page 2. · Any title risks covered by this Policy - up to the <br />. Exceptions in Schedule B, page 4. Policy Amount, and <br />. Conditions on pages 2 and 5. · Any costs, attorneys' fees and expenses we have to <br />pay under this Policy. We must approve the attorney <br />before the attorney begins to work. You have the <br />right to disapprove our choice of <br />attorney for reasonable cause. <br /> <br />COVERED TITLE RISKS <br />This Policy covers the following title risks subject to the Exceptions (p. 4) and Exclusions (p. 2), if they affect your title to the <br />land on the Policy Date. We do not promise that there are no covered risks. We do insure you if there are covered title risks. <br />1 . Someone else owns an interest in your title. <br />2. A document is invalid because of improper signature, acknowledgment, delivery, or recording. <br />3. A document is invalid because of forgery, fraud, duress, incompetency, incapacity or impersonation. <br />4. Restrictive covenants apply to your title. <br />5. There is a lien on your title because of: <br />. a mortgage or deed of trust, <br />. a judgment, tax, or special assessment, or <br />. a charge by a homeowner's or condominium association. <br />6. There are liens on your title for labor and material which have their inception before the policy date. However, we <br />will not cover liens for labor and material that you agreed to pay for. <br />7. Others have rights in your title arising out of leases, contracts or options. <br />8. Someone else has an easement on your land. <br />9. You do not have good and indefeasible title. <br />10. There are other defects in your title. <br />11. There are other liens or encumbrances on your title. <br />This Policy also covers the following title risk: <br />You do not have any legal right of access to and from the land. <br /> <br />OUR DUTY TO DEFEND AGAINST COURT CASES <br />We will defend your title in the part or parts of a court case involving a Title Risk covered by this Policy. We will pay the <br />costs, attorneys' fees, and expenses that we incur in that defense. We will not pay for the parts of a case not involving a <br />covered title risk. You may disapprove our choice of attorney for reasonable cause. <br />We can end this duty to defend your title by exercising any of our options listed in Item 4 of the Conditions, see page 5. <br />This Policy is not complete without Schedules A and B. <br />S. eal for the company, but this Policy is to be valid only when it bears an authorized countersignature. <br /> <br /> <br />stewart <br /> <br />~ title guaranty company <br /> <br />~~J' <br /> <br />./' Senior Chairman 0 the Boar <br /> <br />19 <br />American Title Company <br /> <br />Company <br /> <br />Houston, TX <br />City, State <br /> <br /> <br /> <br />r;Zt6I~ <br /> <br />President <br /> <br />Serial Number 0-5890-000437720 <br /> <br />TXT-1R Residential Owner's Policy 1993 <br /> <br />Agency ID: 43077C <br /> <br />File Number 1229-09-1280 <br />