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<br />Ownpr's Pollcy-~'orm Prescribed by State Board of Insurance of, Texa_Revlsed 19118
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<br />NUMBER
<br />3784-G
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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: ,
<br />
<br />he Followin Liens: NON E
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<br />DESCRIPTION OF PROPERTY:
<br />,Lots Eleven (11), Twelve (12), Thirteen (13), Fourteen (14), Fifteen (15), Sixteen
<br />(16), Seventeen (17), Eighteen (18), Block Two Hundred Forty-two (242) and Lots
<br />Twenty (20), Twenty-one (21), Twenty-two (22), Twenty-three (23), Twenty-four (24),
<br />Twenty-five (25), Twenty-six (26), Twenty-seven (27), and Twenty-eight (28), in Block
<br />Two Hundred Forty-eight (248), TOWN elF LA PORl'E, in Harris County, Texas, according
<br />to the map thereof, recorded in Volume 60, Page'l13, I:eed Records, and being the same
<br />property conveyed to the assured herein by I:eed dated May 21, 1965, from LA PrnrE
<br />IN.lEPENIENe SCHOOL DWRlcr, reference to which instrument is here made for all pur-'
<br />:pQS~ .
<br />NAME OF ASSURED: CJTY elF LA PORrE
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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 curr.ent year.
<br />4. Rights of Parties in possession.
<br />5. All right, title and interest, if any, outEltanding in Geo. E. Kepple, R. M.
<br />Cash, L. C. Luckel, W. H. Brenton, E. B. Stevens and La Porte Houston Realty
<br />Company, their heirs, successors 'or assigns, affecting Lots 22 thru 28, in
<br />Block 248, only.
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<br />Said Company shall not be liable In a greater amount than actual monetary loss of assured, and In no event shall said Company be
<br />l~able fO~ more than THREE THOUSAND AND NO/lOa ($3,000.00)---------------------------------:
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<br />Dollars, amI shall, at Its own cost, (lefend said assured In every suit or proceeding on any claim against or right to said land, or any part
<br />thereof, adverse to the title hereby guaranteed, provided the party or parties entitled to such defense shall, within a reasonable time after
<br />the commencement of such suit or llroceedlng, and In ample time for defense therein, gh'e said Company written notice of the llendeney of
<br />the suit or proceeding, and authority to defend, such notice and authority to be given to the Company at P. O. Box 2029, Houston, Texas
<br />77001, and Identify this pollc~' bl' Its printed POLICY SERIAl, NUlIIBER which appears at the bottom of this poIlC3', and said Company
<br />shall 1I0t be liable until sllcb a(h'erse Interest, claim, or right shall ha"e been held valid by a court of last resort to which either litigant
<br />Illay apply, and If sllch adverse IlIterest, claim, or right so established shall be for less tha'n the whole of the l,ropert)., then the liability of
<br />the Comllall~' shall he only such part of the whole liability limited above as shall bear the same ratio to the whole liability that the ad,'erse
<br />Interest, claim, or right established ma3' bear to the whole Ilropert3', such ratio to he based on' respeeti,'e values determinable as of the date
<br />of this polle~', In the absence of notice as aforesaid, the Company Is relieved from allllablIity with respect to such claim or demand; pro-
<br />vided, however, that failure to notify shall 110t prejudice the claim of the assured, -If such assured shall not be a party to such action or
<br />llrocedure. nor be served with process therein, nor ha\'e any knowle(lge thereof, nor In an~' case, unless the CouIpany shall be actuall~'
<br />prejudiced by such failure.
<br />Upon pa3'ment of a'u~' loss hereunder, the Compa'n3' shall be entitled to be subrogated to all rights of assured against all other parties,
<br />Upon sale of the property covere.l herebl', this polley automatically thereupon shall become a warrantor's policy and the a~sured, his
<br />heirs, executors amI administrators, shall for a period of twenty-fh'e years from date hereof remain fully 'protected accordmg to the
<br />terms-hereof, by reason of the payment of any loss he or they may sustain on account of any warranty. contained In the deed executed by
<br />assured conveying said property. The Company to be liable under said warranty only by reason of defects, liens or encumbrances existing
<br />prior to or at the date hereof (and not excepte(l above) such liability not to exceed the amount above written.
<br />Nothing contained In this polley shall be construed as Insuring against loss or damage by reason of framl on the part of the assured;,
<br />or by reason of claims arising under any obligation of the assured; or under any, act, thing, or trust relationship, done, created, sllffere(l
<br />or permltte.l by the assured.
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<br />In Witness Whereof, the Stewart Title Guaranty, Company has caused this certificate to be exeeuted
<br />by Its president under seal of, said Company; but this, certlfleate shall not be valid unless It bears an
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<br />!!!tho,?zed eounterl!!lnature, this 21st day of MAY, 198 5, at
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<br />l!.O~ON.l
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<br />Texas.
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<br />Countersigned: ,
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<br />TITLE GUARANTY COMPANY
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<br />~~~~,
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<br />, President
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<br />By
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<br />..... ~ ~
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<br />030867,9'
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<br />15M 9.64 2 PART
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