1992 Eddie V. Gray & G. Decker Mc Kim- tract 11 and 12,Warranty Deed

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fORM T- 1 OWNER POLICY Of TlTLt IN:iURANCt . . "NOTICE: This Policy is' a legal contract of indemnity, .ot an abstract of title, title report, or representation of ..PROTECT YOUR RIGHTS, If you make a claim, see sections 3 and 17 of the Conditions and Stipulations, F formation, or to make a complaint.l: 1-800-729-1902." OWNER POLICY OF TITLE INSURANCE ISSUED BY STEWART TITLE GUARANTY COMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, STEWART TITLE GUARANTY COMPANY, a Texas corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained ~r incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Any statutory or constitutional mechanic's, contractor's, or materialman's lien for labor or material having its inception on or before Date of Policy; . , 4, Lack of a right of access to and from the land; 5. Lack of good and indefeasible title, The Company also will pay the costs, aUor!'leys' fees and expenses incurred in defense of the title, as insured, but only to the extent provided in the Conditions and StiP':!~~tion~: IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly authorized officers as of the Date of Policyshowh in Schedule A, .. I, r. STEWART TITLE " GUARANTY. COMPANY c '(\.EGIL "<.\.........'4~ ",,- .*. ..;r"f., ; i/ ,,-09.PO/fIf,,\':.l, ...:~ -*- ~:..( ,,';.\ 19 0 8 i~ ';:'" . *. ....~ ~.X";;'" I EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: . I. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy, (b) Any governmental police power not excluded by (a) above, except to the extent that a' notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been -recorded in the public records at Date of Policy, 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking that has occurred prior to Date of Policy which would be binding 'on the rights of a purchaser for value without knowledge, 3, Defects, liens, encumbrances, adverse claims or other matters: . (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage that would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy, 4, The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land descri.bed in Schedule A because of unmarketability of the title, S. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws. BAYTOWN, TEXAS City, State 581 (Rev. 10-1-911 ~~p,~ 1 01 SerlaT No, 0-5831- 0 5 9 8 0 9