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<br />
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<br />Ib wrhib~ tbe Comp.ulf, pleue re'er to tho
<br />hrinll"d Pelle... Serial "nrnl-.r_ and _n".all ftfttll!"'.
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<br />NUMBER
<br />7404-1
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<br />STE\VART TITLE GUARANTY COMPANY, a corporation of Galveston, Texas, herein called the Company, for value docs
<br />hereby guarantee to the party or parties named below, herein styled assured, the heirs, devisees, executors and administrators
<br />of the assured, or if a corporation, its successors by dissolution, merger or consolidation, that as of the date hereof, the assured "
<br />has good and indefeasible title to the following described land:
<br />
<br />All of Block One Hundred' Seventy-Three (173). of the TOWN OF LA PORTE. Harris County.
<br />Texas, according to the map or plat thereof recorded in Volume 53. Page 320. of the
<br />Deed Records of Harris County, Texas. SAVE AND EXCEPT 0.023 acres thereof. heretofore
<br />conveyed to the County of Harris by Right-of-Way Deed dated July 7~ 1953, and recorde '~p
<br />in Volume 2661. Page 579" Harris County Deed Records, reference to which is here made, ~e~
<br />~nd being the same property conveyed to the assured herein by Deed dated May 7, 1968, . tt
<br />',w
<br />from KATHRYN BAYNE, ET AL, reference to which instrument is here made. t
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<br />NAME OF THE ASSURED:
<br />
<br />BRUCE ANGEL
<br />
<br />
<br />,;.
<br />
<br />This policy is subject to the GENERAL CONDITIONS AND STIPULATIONS on the back hereof and to the following
<br />matters which are exceptions from the coverage of this policy:
<br />
<br />1. The following lien(s) and all terms, provisions and conditions of the instrument(s) creating or evidencing said lien(s) :
<br />
<br />NONE
<br />
<br />. .
<br />
<br />2. Restrictive covenants affecting the land described or referred to above.
<br />J. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments, or any overlapping of im-
<br />provements.
<br />4. All taxes for the year 19M- and subsequent years.
<br />
<br />S. Righta of Parties'in possesuou.
<br />
<br />,
<br />.
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<br />Tbe Company sball not be llable In a greater amount tban tbe actulIl monetary loss of assured, and In no event shall said compan)'
<br />be liable for more than 0/100 ($55 000 00)
<br />FIFTY-FIVE THOUSAND AND N ------------ , . ----------------
<br />
<br />Dollars, and sball, l!xcept a9 herelDafter stated, at Its own cost defend sald.BBsured In every suit or proceeding on any claim against or
<br />right to .sald l:urd, or any part tbereof, adverse to the title liS bereby guaranteed, but the company aball not be requlre<l to defend against
<br />any clalm~ ba~et1 Ullon matters In any manner excepted or exclu(led under this policy by the foregoing exceptions or by the General Con-
<br />ditions and Stlllulations hereof, The party or parties entitled to stich defense shall within a reasonable time after the commencement of
<br />such suit or procee(ll'ng and In ample time for defense therein, gh'e the Compsny written notice of the pendency of the BUlt or proceeding,
<br />anll autborlt). to defend, and tbe Company sball not be liable until such advene Interest, claim or right shall ha\'e been held valid by a
<br />court of last resort to 'whleh either lttlgant may appl)', and If Ruch a,h'erse Interest, claim, or right so estahllshed sball be for less Uian
<br />tbe ,,'hole of the land, then the liability of the Compan)' shall be anI)' Rucb port of tbe' wbole liabIlity ltmlted abo,'c as sball bear the
<br />same ratio to the whole ltablllty that the adverse Interest, claim, or right established may bear to the wbole land, Buch ratio to be based
<br />on 'respectl..-c ..-alues determinable as of tbe date of this policy. In the absence of notice as aforesaid, the Company Is relieved from all
<br />lla'blJltf witb respect to an)' sucb Interest, claim or right; provided, howe\'er, that fallure to notify ohall not prejUdice the rights of the
<br />assure! If such aSflUred shall not be a party to such action or proceeding nor be served with process therein, nor ha\'e auy knowledge
<br />thereof, nor In an)' 'case,' unless the Company shall be aetually prejudiced by such fallure.
<br />Upon sale of tbe land this policy automatically thereU)lOn shall become II warrantor's policy and the assured, the heirs, devisees, exec-
<br />utors and administrators, of sucb assured, or If a corporation, Its snccessors by dissolution, merger or cODsolldallon, sball for a period of
<br />twenty-f1..-e years from dote hereof remalR fully protected according to the terms hereof, by reason of the payment of an)' loss 118, they
<br />or It may sustain on account of any ,,'arranty of title contained In the dee!l executed by assured conveying ssld land. The CompaD)' shall
<br />be liable undcr Bald warranty onl)' by reason of defects, liens or encumbrances existing prior to or at the date hereof and not excluded
<br />either b)' the foregoing exceptions or by the General Condlttons and Stlpulatlona hereof, such liability not to exceed the amount of this
<br />\,ollc)' .
<br />SIGSED U~DER SEAL for the Company, but tbls policy Is to h(' \'lIlId only when It bears IIn authorized countersignature, as of tbe
<br />22ND e18)' of MAY, 10 68, the effective <late of this policy,
<br />at H 0 U S TON, , Texas.
<br />
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<br />~"-EX~'" 11\\ '
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<br />Countersigned:
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<br />TITLE GUARANTY COMPANY
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<br />By
<br />
<br />-b~ '-hc~
<br />
<br />.. President
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<br />o 440429A
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