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<br />I NO.33595 I
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<br />HOUS'TON'TITLE GUARANTY COMPANY
<br />
<br />OWNER'S POLICY
<br />
<br />!"ORM PRESCRIBI!D BY BOARD OF INStlRANCI!
<br />COMMWI9NBRS OF TUAS
<br />
<br />a corporation of Houston, Harris, County, Texas (herein called the Company), for value received,
<br />
<br />DOES HEREBY GUARANTEE TO CITY OF laPORTE, TEJtAS,
<br />
<br />successors and'assigns
<br />herein styled insured, its/ i:lBiD;li!Il:lI:..~mdmilliltr.l~ thalt it :.Ili:
<br />to the following described real property:
<br />
<br />has
<br />
<br />goo~ and indefeasible title
<br />
<br />Lots Twenty-two' (22), Twenty-three (23) and Twenty-four
<br />(24) in. mo ckS~xty _( 6.0) . ,Tpwn .o~~ ."LaPp rte,. in, HaFri s _'"".
<br />County, Texas, per map' re'corded: in Vo1\.DJle 67, Page 196,
<br />Deed Records of Harris County, T.exas, and being the
<br />same property described in Deed dated November 12th,
<br />1943, from W. B. Lowrance and ~: fe, Mina R. Lowrance
<br />to the Insured.
<br />
<br />subject to:
<br />1. Following liens:
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<br />,:." ~... .....- 'tI".:_O_.__. ":0"'
<br />
<br />2. Restrictive covenants affecti.ng the property above described.
<br />3. A~y discrepancies in area and boondaries wh.ich a correct survey ~~uld show.
<br />4. Taxes for the current year. '
<br />5. Rights of parties in possessio~.
<br />
<br />Said Company shall not be Itable in a, greater amount than sctual monetary le.ss of insured, and in no event shall said Company be
<br />liable for more than FIVE HUNDRED FIFTY AND 00/109 - - - .., - - - - - - - - - - - .:. - -. Dollan,
<br />and shall, at its own cost, defend said insured in every suit or proceeding on any daim agaiDst or right to said land, or any part thereof,
<br />adverse to the title hereby guaranteed, provtded the party or parties entitled to' such defense shall, within a reasonable time after the
<br />commencement of such suit or proceeding and in ample time for defense therein, give said Company wr-itten notice of the pendency of the
<br />suit or proceeding, and authori'ty to defend, and said Company shall not.be liable ,until such adverse claim or .right shall have been held
<br />valid by a court of last resort to which either litigant may apply, and, if such adverse claim or right so established shall be for less than
<br />the whole of the property, then the liabi1ity of the Company shall be only such pa:rt of the whole liability limited above as shall bear the
<br />same ratio to the whole liability that the sdverse claim or right established niay bi!ar to the whole pr.operty. In the absence of notice as
<br />aforesaid, the Company is ,relteved from all liability with respect to such claim i)r demand: provided, however, that failure to notify
<br />shall not prejudice the claim of tbe assured, if such -assured shall not be a party tel such action or procedure, nor be served with process
<br />. . t!:!erein, nor..ltave @I!y knowledge ther~C!f, nOr in_ anY_ $~,~,,~JIlS! .lh~ S?mp_a_~Y....!l}_I!JJ ..!?!l_!lctl.i~~Iy.PF~j"l!!ced _by _~'!~!!. J~il1,!t:e., ' ,_
<br />
<br />Upon payment of any loss hereunder, the Company shall be entitled to be subrj~gated to all rtgbts of insured against all other panies.
<br />"
<br />Upon 'a sale of the property covered hereby, this policy automaticaliy thereupon shall become a warrantor's policy and the insured,
<br />his heirs, executors and administrators, shall for a period of twenty-five years fromB date hereof remain fully protected according to .the
<br />terms hereof, by reason of the payment of any loss he or they may iustain on accollnt of any wa~ranty contained in the deed executed by
<br />insured conveying said property. Tbe Company to be liable under' said warranty only by reasllnof defects, liens, or encumbrances exist-
<br />ing prior to or at the date, hereof (and not excep~ed ab~ve), such liability not to elli~ed the amount above written. '
<br />. "',
<br />
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<br />,..'." . I;
<br />n~,\ ~I.TNES'S WHER~OF, the HOUSTON. TI~E G~A~A.!IlTY COM~tANY,. of Houst(ln, Te~as, h~s caused it~ corpora~e
<br />snl to ~e ,hereto affixed and these presents to be SIgned In facslmale under author,!ty of Its by-laws, but thIS certificate shall not be valid
<br />~~l~ ,.,,\
<br />. ~"'e .~ / ...
<br />unless;:~unterii,igned by the Company's Atrorney, this the
<br />"~: _/--......... . ~
<br />~:;;: ".-' S ,&
<br />CO;~N' -~ .; rr
<br />": ..~ '~~~- ~
<br />
<br />30th day of No,vember, A. D. 1943.
<br />HOUSTON TITLE GUARANTY COMPANY
<br />
<br />CJi'~.'" .
<br />~. ~
<br />:: .. , - r - - _. . ,
<br />President
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