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<br />T-1 Owner's Pollcy-
<br />Form Prescribed by State Board of Insurance of Texa_Revlsed 19116
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<br />NUMBER
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<br />TITLE GUARANTY COMPANY
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<br />708-E
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<br />STEWART TITLE GUARANTY COMPANY, a corporation of Galveston, Texas, herein called the Company, for value, does
<br />hereby guarantee to Party or Parties named below herein' styled assured, the heirs, executors and administrators, or in case
<br />of a corporation, the corporate successor or successors, of the assured, that the assured has good and indefeasible title to the
<br />following described real property:
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<br />SUBJECT TO: The Following Liens: NON I
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<br />DESCRIPTION OF PROPERTY:, '
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<br />Lots One through Nineteen (1-19), both inclusive, in Block Two Hundred Forty-light
<br />(248), of the Town of La Porte, in Harris County, Texas, according to the map or
<br />plat thereof recorded in Volume 60, Page 112, Deed 'Records of Harris County, Texas,
<br />and being the same property conveyed to the assured herein by' Deed dated February
<br />11, 1963, frOm MRS. PAULINI MORGENSTIBN, SARAH H. LICHENGIR~ and LOUIS LECHENGIR,
<br />reference to which instrument is here made for all,purposes.
<br />
<br />NAME OF ASSURED:
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<br />CITY OF'LA PORTI
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<br />THIS POLICY IS SUBJECT TO:,
<br />1. Restrictive covenants affecting the property above described.
<br />2. Any discrepancies; conflicts, or shortages in area or ,boundary lines, or any encroachments, or any overlapping of im-
<br />provements which a correct survey would show.
<br />3. Taxes for the current year.
<br />4. Rights of Parties in possession.
<br />5. Any and all Zoning Ordinances affecting the above described property including
<br />notice by the town of La Porte.
<br />6. Any and all interest owned or claimed by the following: Louis Lobit,. J. H~
<br />Outlaw, Fannie K. Adeue', George Franklin McFarland, John L.. McFarland, Frances
<br />Bull wife of John Bull, Katherine Howland, wife of A. H. Howland, William A.
<br />McFarland, Dorothy Mae Cook, and husband, J. E. Cook, and La Porte Land Co.
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<br />, Said Company Bhall not be llable In a greater amount than actual monetary 10sB 'of assured, and In no event Bhall said Company be
<br />liable for more than' ,
<br />FOUR THOUSAND SIVENHUNDRED FIFTY AND NO/J.Q9~------- L$~,150~QC:.-..::~-:.-.
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<br />Dollars, and Bhall, at ItB own COBt, defend Bald aBBured In every BUIt or :proceedlng on any claim agalnBt or right to Bald land or any part
<br />thereof, adverBe to 'the title' hereby guaranteed, provided the party or partleB entitled to Buch defenBe Bhall, within a reaBonable time after
<br />the commencement of Buch Bult or proceeding, and In ample time for defense therein, give Bald Company written notice of the pendency of
<br />~~rdB~~'::~a~,;,cs":~Vrgot~~ rl~~~r~t:tI\o s~~~na'~Iv~~~~ l':.~~i~:sr.n~a,~~~~I7Ig~~t ~tl:W~~V~o ~:e-;' ~eTj~~rlda\,~tsa ot~~:t I~f lf~s~s~~~;'rie~a~:l~g
<br />either litigant may apply, and If such adverse Interest, claim, or right so established shall be for less than the whole of the property, then
<br />the llabUlty of the Company Bhall be only Buchpart of the whole liability limited above aB Bhall bear the Bame ratio to the who~e lIablUty
<br />that th€ adverse' interest, claim, or 'right, established may,bear to the whole property, Buch ratio to be based on respective values deter-
<br />minable as of the date of this polley. In the absence of notice as aforesaid, the Company I's'relleved from allllablllty with, respect to such
<br />claim or demand; pro\'lded, howe\'er, that failure to notify shall not prejudice the claim of the assured, If such aSBured shall not be a
<br />party to such action or procedure, nor be Berved with proceBB therein, nor have any knowledge thereof, nor In any caBe, unleBB the Com-
<br />pany shall be actually prejudiced by such faUure.
<br />Upon pa)'ment of any lOBS hereunder, the COllll>any shall he entitled to be subrogated to all rights of assured against all other parties.
<br />Upon Bale of the property covered hereby, this policy automatically thereupon Bhall become' a warrantor's polley ahd the aSBured, his
<br />helrB, executorB and administrators, Bhall for a period of twenty-five years from llate hereof remain fully protect!'(l according to the
<br />terms hereof, by reason of the pa)'ment of any lOBS he or the~' ma~' sustain on s,ccount of an~' warrant)' contained In the deed executed b)'
<br />assured cOD\'e)'lng said property. The COllll,any to be liable under said warranty onl~' b)' reason of defects, liens or encumbrances existing
<br />prior to or at the date hereof (and not excepted aho\'e) such liability not to excee,l the amount abo\'e written.
<br />Nothlnjf contained In this policy shall be construed as Insuring against lOBS or damage b)' reason of fraud on the part of the assured;
<br />or by reason of clalmB arlBing under any obligation of the assured; or under any act, thing, or trust relationship, done, created, suffered
<br />or permitted by the aSBured.
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<br />. AA In WltneBB Whereof, the Stewart Title Guaranty Company haB cauBed thlB certificate to be executed
<br />'CiJffflPnlJ7/h~ by ItB preBldent under Beal of Bald Company: but thlB certificate Bhall not be valid unleBB It bearB an
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<br />,~~~\"'(\:.E GlJ'--1 Kuthorl.ed countersignature, this 11TH day of FIB R U A R Y 196 3 ' at
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<br />~~' ~","'''':*;...;!.~ H 0 U S TON, Texas. ~-
<br />~~... ~~'1iPO~4 \~~ ,__ fiM'Z .
<br />~~:~ -*~ ~'i<:<'~' ~"'~
<br />~~~\ 1908, ;gf Countersigned: TITLE GUARANTY COMPANY
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<br />-::. *... .*. .","'* ~ ~~ '-h1~'
<br />~- ~.",.",.. ~
<br />, -~~' eX A ':. 'I,I'~ By
<br />~h///lII"1111 PreBldent
<br />MC:jdh
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<br />UIM 1-&22 PART
<br />
<br />, SERIAL
<br />NUMBER
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<br />,021393-1 A:
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