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<br />STEWART
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<br />'FITLE
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<br />GUARANTY COMPANY
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<br />STEWART TITLE GUARANTY COMPANY, a corporation of Galveston, Texas, herein callE,d the Company, for value does hereby guarantee to the
<br />party or parties nomed below, herein styled assured, the heirs, devisees, executors ond administrators of the assured, or if a corporation, its
<br />successors by dissolution, merger or consolidation, that as of the' date hereof, the assured has good and indefeasible title to the following
<br />described land:
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<br />Lots One (1) through F?Urteen (i~~~bot~ inc~usi~~~artd Lots Seventeen (17) through
<br />Thirty-Two (32), both 1nc1usive,~lock Four Hundt~:4 Seventy-Five (475), TOWN OF LA
<br />PORTE, an Addition in Harris coun~i~Texas, accot~~ng to the map or plat thereof
<br />recorded in Volume 83, Page 345, Peed Records of:F~rris County, Texas, and being
<br />the same property conveyed to the' assured herein: I::y Deed dated February 10, 1969,
<br />from EDWARD W, APPLEBE and DEWEYWAL~, referen_ce to which ins trumen t is here made,
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<br />NAME OF THE ASSURED:
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<br />CITY OF LA P"OItTE
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<br />th, :,baek....h;treof and to the following matters which are excep-
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<br />This policy is subject to the GENERAL CONDITIONS AND :S:T1PULATIONS'Ori
<br />tions from the coverage of this policy: "...,,;'
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<br />1. The following lien(s) and all terms,
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<br />provisions,' ~ri~' '-conditions
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<br />of the i~s!'ru;"er.t(s) creating or evidencing soid lien(s):
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<br />2. Restrictive covenants affecting the land describ,~,' or 'refer;ed to above,
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<br />3. Any discrepancies. conflicts, or shortages in are9:;,~r. ~o,undary, lines, ~~ ,any'-ellcroachments, or any overlapping of improvements.
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<br />4. All taxes for the year 19~ and subsequent'.~1~,i'~" '<:<." '~,
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<br />5, Rights of parties in possession. :.J";';",
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<br />The Company shall not be liable in a greater amount than the actual monetary loss of assured, and in no event shall said company be
<br />liable for more than SIX THOUSAND FIVE HUNDRED AND NO/100-u-------($6,500.00)----------------
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<br />Dollars, and shall, except as hereinafter stated, at its own cost defend said assured in every suit or proceeding on any claim against or right to
<br />said land, or any part thereof, adverse to the title as hereby guaranteed, but the company shall not be required to defend against any claims
<br />based upon matters in any manner excepted or excluded under this policy by the foregoing exceptions or by the General Conditions and Stipu-
<br />lations hereof. The party or parties entitled to such defense shall with in a reasonable time after the commencement of such suit or proceeding
<br />and in ample time for defense therein. give the Company written notice of the pendency of the suit or proceeding. and authority to defend,
<br />and the company shall not be liable until such adverse interest, claim, or right shall have been held valid by a court of last resort to which
<br />either litigant moy apply, and if such adverse interest, claim, or right so established shall be for less than the whole of the land, then the Iia,
<br />bility of the Company shall be only such part of the whole liability limited above, as shall bear the same ratio to the whole liability that the
<br />adverse interest, claim, or right established may bear to the whole la nd, such ratio to be based on respective values determinable as of the
<br />date of this policy. In the absence of notice as aforesaid. the Company is relieved from all liability with respect to any such interest, claim, or
<br />right; provided, however, that failure to notify shall not prejudice the rights of the ossured if such assured shall not be a party to such action
<br />or proceeding' nor be served with p!ocess therein, nor ,have any knowledge thereof, nor in any case. unless the Company shall be actually preju-
<br />diced by' such. failure.- .
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<br />Upon sale of the land this policy automatically thereupon shall become a warranlor's policy and the assured, the heirs, devisees. executors
<br />and administrators, of such assured, or if a corporation, its successors by dissolution, merger or consolidation, shall for a period of twenty-five
<br />years from date hereof remain fully protected according to the terms hereof, by reason of the payment of any loss he, they or it may sustain on
<br />account of any warranty of title contained in the deed executed by assured conveying said land, The Company shall be liable under said war-
<br />ranty only by reason of defects. liens or encumbrances existing prior to or at the date hereof and not excluded either by the foregoing excep-
<br />tions or by the General Conditions and Stipulations hereof, such liability not to exceed the amount of this policy.
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<br />SIGNED UNDER SEAL for the Company, but this policy is to be valid only when it bears
<br />an authorized countersignature, as of the 19thday of F E B R U A R Y,
<br />19 69, the effective date of this policy, at H 0 U S TON , Texas.
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<br />STE'V.i-\..R~r TI~rLE
<br />GI1ARANTY COMPA.SY
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<br />President
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<br />457649 A
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<br />In writing the ':ompany, plea.. r.f.r 10 the
<br />printH Policy Serkal Number, and .end all nDIM:M
<br />10 P. o. Bo. 2J29, HausklIl. r...1 71001.
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<br />SOM--S_~ PA."+'
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