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<br />
<br />
<br />(Au1horIzed Signature)
<br />
<br />"
<br />
<br />BY:~
<br />
<br />Secretary" \ .
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<br />An authorized party also
<br />must countersign this Policy.
<br />
<br />f). ~
<br />
<br />By: ~~
<br />President
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<br />8
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<br />This Policy is not complete without Schedules A and B,
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<br />ALAMO TITLE INSURANCE OF TEXAS
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<br />We will defend your title in the part or parts of a court case involving a Title Risk covered by this Policy, We will pay the costs, attorneys' fees, and expenses that we incur in that defense.
<br />We will not pay for the parts of a case not involving a covered title risk, You may disapprove our choice of attomay for reasonable cause.
<br />
<br />We can end this duty to defend your title by exercising any of our options listed in Item 4 of the Conditions, see page 4.
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<br />OUR DUTY TO DEFEND AGAINST COURT CASES
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<br />3, A document is invalid because of forgery, fraud, duress, incompetency, incapacity or impersonation.
<br />4. Restrictive covenants apply to your litle,
<br />5. There is a lien on your title because of:
<br />a mortgage or deed of trust,
<br />a judgment, tax, or special assessment, or
<br />a charge by a homeowner's or condominium association.
<br />6. There are liens on your tRle for labor and material which have their inception before the policy date, However, we will not cover liens for labor and material that you agreed
<br />to pay for,
<br />7. Others have rights in your tRle arising out of leases, contracts, or options,
<br />8, Someone else has an easement on your land,
<br />9. You do not have good and indefeasible title,
<br />10, There are other defects in your litle,
<br />11. There are other liens or encumbrances on your tRle.
<br />This Policv also covers the followino title risk:
<br />You do not have any legal right of access to and from the land.
<br />
<br />This Policy covers the following title risks subject to the Exceptions (p, 3) and Exclusions (p. 4), if they affect your title to.~~ li~~ on the Policy Date. We do not promise that there are no
<br />covered risks. We do insure you if there are covered title risks, . . .. ""
<br />':'. '.'~.
<br />1, Someone else owns an interest in your title, . '; i, '~ ~
<br />.' . ?i'l
<br />?;~. rOIl ,.
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<br />A document is invalid because of improper signature, acknowledgment, delivery, or recording,
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<br />2,
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<br />....~...-
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<br />COVERED TiTlE RISKS
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<br />Your insurance under this contract is limited by tha following:
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<br />Exclusions on page 4,
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<br />Exceptions in Schedule B, page 3,
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<br />CondRions on pages 4 and 5.
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<br />We Insure you against actual loss resuRing from:
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<br />Any title risks covered by this Policy-up to the Policy Amount, and
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<br />Any costs, attorneys' fees and expenses we have to pay under this Policy, We must approve the attorney blifore the attorney begins to work, You have the right to disapprove
<br />our choice of attorney for reasonable cause.
<br />
<br />This Policy insures your title to the land described in Schedule A -- if that land is a one-ta-four family residential property or condominium unR,
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<br />Your insurance, as described in this Coverage Statement, is effective on the Policy Date shown in Schedule A.
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<br />This document is title insurance, It is not an opinion or report of your title, It is a contract of indemnity, meaning a promise to pay you or to take other action if you have a loss resuRing
<br />from a covered tRle risk,
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<br />... .":"
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<br />."!.'~\"'f:;-:<.'li
<br />OWNER'S C6VERAGESTATEMENT
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<br />PAGE 1
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